NewzIntel.com

Category: Australia

  • MIL-OSI USA: SPC Tornado Watch 505

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL5

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 505
    NWS Storm Prediction Center Norman OK
    1255 PM CDT Fri Jul 11 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    South-Central and Southeast Iowa
    Far Northwest Illinois
    Far Northern Missouri

    * Effective this Friday afternoon and evening from 1255 PM until
    800 PM CDT.

    * Primary threats include…
    A few tornadoes likely
    Scattered damaging wind gusts to 70 mph likely
    Scattered large hail events to 1.5 inches in diameter possible

    SUMMARY…Thunderstorm development is anticipated this afternoon in
    close proximity to a surface low over far southwest IA, and
    associated warm front that extends eastward across southern IA into
    far northwest IL. Ample low-level moisture is supporting strong
    buoyancy, and the potential for robust updrafts. Supercells capable
    of all severe hazards, including tornadoes, are possible within this
    environment.

    The tornado watch area is approximately along and 40 statute miles
    north and south of a line from 45 miles west northwest of Lamoni IA
    to 30 miles northeast of Moline IL. For a complete depiction of the
    watch see the associated watch outline update (WOUS64 KWNS WOU5).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 1.5 inches. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Mosier

    SEL5

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Tornado Watch Number 505
    NWS Storm Prediction Center Norman OK
    1255 PM CDT Fri Jul 11 2025

    The NWS Storm Prediction Center has issued a

    * Tornado Watch for portions of
    South-Central and Southeast Iowa
    Far Northwest Illinois
    Far Northern Missouri

    * Effective this Friday afternoon and evening from 1255 PM until
    800 PM CDT.

    * Primary threats include…
    A few tornadoes likely
    Scattered damaging wind gusts to 70 mph likely
    Scattered large hail events to 1.5 inches in diameter possible

    SUMMARY…Thunderstorm development is anticipated this afternoon in
    close proximity to a surface low over far southwest IA, and
    associated warm front that extends eastward across southern IA into
    far northwest IL. Ample low-level moisture is supporting strong
    buoyancy, and the potential for robust updrafts. Supercells capable
    of all severe hazards, including tornadoes, are possible within this
    environment.

    The tornado watch area is approximately along and 40 statute miles
    north and south of a line from 45 miles west northwest of Lamoni IA
    to 30 miles northeast of Moline IL. For a complete depiction of the
    watch see the associated watch outline update (WOUS64 KWNS WOU5).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Tornado Watch means conditions are favorable for
    tornadoes and severe thunderstorms in and close to the watch
    area. Persons in these areas should be on the lookout for
    threatening weather conditions and listen for later statements
    and possible warnings.

    &&

    AVIATION…Tornadoes and a few severe thunderstorms with hail
    surface and aloft to 1.5 inches. Extreme turbulence and surface wind
    gusts to 60 knots. A few cumulonimbi with maximum tops to 500. Mean
    storm motion vector 24035.

    …Mosier

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW5
    WW 505 TORNADO IA IL MO 111755Z – 120100Z
    AXIS..40 STATUTE MILES NORTH AND SOUTH OF LINE..
    45WNW LWD/LAMONI IA/ – 30NE MLI/MOLINE IL/
    ..AVIATION COORDS.. 35NM N/S /50ESE OVR – 42NNW BDF/
    HAIL SURFACE AND ALOFT..1.5 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 41449473 42349009 41189009 40289473

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU5.

    Watch 505 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Mod (60%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (20%)

    Wind

    Probability of 10 or more severe wind events

    Mod (60%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Mod (40%)

    Probability of 1 or more hailstones > 2 inches

    Low (20%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (90%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

  • MIL-OSI Africa: Jamaica accedes to Afreximbank, strengthening ties to Global Africa

    Source: APO

    Jamaica has officially acceded to the Establishment Agreement of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), becoming the 13th Caribbean Community (CARICOM) Member State of the African Multilateral Financial Institution. The historic signing took place on the sidelines of the 49th Regular Meeting of the Conference of Heads of Government of the Caribbean Community.

    Jamaica’s accession marks a major achievement in the growth of Global Africa: an intercontinental partnership committed to economic transformation and self-determination for African nations and their diaspora. The move unlocks an additional US$1.5 billion financing for Jamaica and other Caribbean economies, raising Afreximbank’s total approved facility for the region to US$3 billion, contingent upon full CARICOM membership.

    Commenting at the signing ceremony, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, emphasised the mutual benefits to both parties:

    “We are thrilled to welcome Jamaica into the Afreximbank family. Jamaica’s accession to the Partnership Agreement marks a pivotal step towards realising the vision of our forefathers—a united and prosperous Global Africa, built on a platform of South-South cooperation. The Partnership Agreement unlocks Afreximbank’s financing solutions, trade facilitation tools, and investment opportunities, empowering Jamaican businesses to access African markets while fostering reciprocal trade.

    Dr. The Most Honourable Andrew Holness, Prime Minister of Jamaica, expressed his optimism for Jamaica’s membership of the Bank:

    “This is a significant and strategic step that strengthens Jamaica’s ability to access increased trade financing, investment support, and technical assistance. The agreement creates real opportunities for Jamaica to benefit from Afreximbank’s expanding suite of financial instruments, including trade guarantees, project financing, and capital support tailored to the needs of developing economies. It positions Jamaica to tap into new sources of funding for critical sectors such as manufacturing, logistics, agriculture, and the creative industries, while laying the foundation for deeper collaboration between African and Caribbean businesses.”

    This historic signing builds on the momentum of the inaugural AfriCaribbean Trade and Investment Forum (ACTIF), held in Bridgetown, Barbados in September 2022, where Caribbean nations reaffirmed their commitment to closer Africa-Caribbean cooperation. Since then, Afreximbank has hosted successive ACTIFs in Guyana (2023) and The Bahamas (2024), with the fourth forum scheduled for 28–29 July 2025 in Grenada.

    Since establishing its regional office, Afreximbank has approved over US$700 million in financing across the Caribbean, with a pipeline exceeding US$2 billion. Investments have supported key sectors such as energy, tourism, education, and small business development across Barbados, St. Lucia, Suriname, Grenada, and The Bahamas. The Bank also provided over US$4.3 million in pandemic-related assistance through the Africa Vaccine Acquisition Task Team (AVATT) to The Bahamas, Antigua & Barbuda, and Trinidad & Tobago.

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

    Follow on Social Media: 
    X: https://apo-opa.co/3Iphrco
    Facebook: https://apo-opa.co/4loiEis
    LinkedIn: https://apo-opa.co/4kEeSR5
    Instagram: https://apo-opa.co/44rvTcq

    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Analysis: Pallets are the backbone of global trade but supplies are threatened by theft, loss – and giant bonfires

    Source: The Conversation – UK – By Liz Breen, Professor of Health Service Operations, School of Pharmacy & Medical Sciences, University of Bradford

    Craigyhill bonfire was declared the world’s tallest at a height of 203 feet (63 metres) in 2022. Thousands of pallets were used to build it. Stephen Barnes/Shutterstock

    Pallets don’t usually make headlines. But amid fresh controversy around the traditional July bonfires held in Northern Ireland this year, they’ve suddenly become a talking point. Wooden pallets used in these bonfires are popular due to their stacking ability, and also their colours – which include the red, white and blue of Britain.

    Ordinarily, pallets are used to transport products from manufacturers to retailers. But their numbers are shrinking due to theft and loss – and of course, they cost money to buy, store, use and replace. A study by one of us (Liz) in 2006 quoted a logistics firm that estimated 14 million pallets were generally missing throughout Europe, costing £140 million. And it’s an ongoing problem: millions of products such as pallets and packaging containers are still stolen each year across the continent.

    Just one bonfire in Larne, County Antrim, in July 2021 reportedly used 17,000 pallets in its construction. This year, police are investigating where the pallets used in the same community’s bonfire originated from. Amid speculation that some may belong to Australia-based supply chain firm Chep, that company has stated its pallets can never legally be bought, sold or destroyed.

    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.

    Pallet losses can lead to logistical disruptions, delayed orders and bare shelves in supermarkets. And the impact is felt by pallet owners, manufacturers, customers and end-users alike.

    Pallets are big business. In the US, around 513 million – mainly wooden, some plastic – are produced each year. In 2021, 48.6 million wooden pallets were produced in the UK, up 8.3% from 2020.

    Rental companies can hold high numbers of pallets, which support the movement of “fast-moving” customer goods – including food, drinks and toiletries. North American firm Peco, for example, manages stock of over 20 million distinctive red wooden pallets across its 90 depots.

    Manufacturers rely on pallets being available to fulfil orders and distribute them to customers quickly. Also known as “returnable transit packaging”, they are valuable assets as they can be maintained and reused. They are usually owned by a pallet pooling agent, which must absorb the loss when they are not returned from customers.

    Why steal pallets?

    Good-condition pallets have a resale value. Both wood and plastic pallets can be deconstructed and sold as components to other industries. Some people even use them to create furniture for homes and gardens.

    Customers may feel these are legitimate upcycled products and won’t think to check where the pallets came from. However, some do have distinctive identification stamps that may remain in upcycled pallet products.

    The organised theft of these products takes its toll on companies. Cargo crime (which includes consumer goods and transportation pallets and containers) is said to cost the UK economy £700 million each year.

    If pallets are not available, production lines may be slowed down or stopped. And it may take longer to produce items, potentially leading to unnecessary transportation as well as greater fuel consumption and emissions.

    But it can also be challenging to map pallet movements and know, at any given time, how many are in transit, with retailers, or lost. Digital tracking solutions such as radio frequency identification can be expensive to implement and are not foolproof. This can make it easy for pallets to go “missing in action”.

    Pallets are a staple mechanism for stock to be received into retailers’ warehouses and distribution centres. Both the size of the pallets and their ownership can be colour-coded – at least some of the blue pallets making headlines this summer in Larne’s red, white and blue tower are thought to be owned by Chep. Warehouse bays are designed with specific pallets in mind – so changes to the pallets can bring extra costs.

    Similarly, replacing lost or stolen pallets comes at a price – which could ultimately be felt by consumers if these costs are passed on by retailers.

    Reducing theft and loss

    Pallet owners cannot afford to continue losing them to theft. Firms that are found using non-compliant or untracked pallets because they have bought them from unauthorised sources can face shipment fines, while other initiatives, such as deposit or voucher schemes or one-for-one exchange plans, could incentivise the return of pallets.

    These practices may influence corporate return behaviour, but the theft of pallets by organised crime gangs is increasing. Changing the materials used to construct pallets could reduce their financial attractiveness and resale value.

    At first glance, a used pallet might look no more useful than discarded wood and be considered fair game for reuse or selling on. But businesses or individuals who collect, sell or purchase stolen pallets are putting themselves at legal risk. Firms found stockpiling or selling-on pallets without permission have faced legal action and even jail in Europe.

    Aside from the legal implications, there are other operational and environmental costs. Each pallet taken out of circulation must be replaced, increasing demand for virgin timber, straining forest resources, and increasing labour costs.

    The humble pallet is the backbone of global trading, and businesses rely on a steady and dependable supply. Pallet services function only if they continue to circulate – but theft and losses undermine this. Without this simple product, everyone from producers to retailers and consumers could end up paying more for the goods they take for granted.

    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. Pallets are the backbone of global trade but supplies are threatened by theft, loss – and giant bonfires – https://theconversation.com/pallets-are-the-backbone-of-global-trade-but-supplies-are-threatened-by-theft-loss-and-giant-bonfires-260948

    MIL OSI Analysis –

  • MIL-OSI USA: Diamonds are forever: New I-90/SR 18 interchange to open after eight-day closure of SR 18

    Source: Washington State News 2

    Second extended closure near Snoqualmie begins Thursday, July 17

    SNOQUALMIE – After several years of planning and design, and nearly 20 months of construction, it’s almost time for the state’s newest diamond to shine.

    The Washington State Department of Transportation will open the second diverging diamond interchange in the state after an eight-day, round-the-clock closure of both directions of State Route 18 under the Interstate 90 overpasses scheduled to begin Thursday night, July 17. 

    From 9 p.m. Thursday, July 17, through 5 a.m. Friday, July 25, traffic will not be allowed along either direction of SR 18 beneath the I-90 bridges. People traveling through the I-90/SR 18 interchange during the closure should expect delays, especially during peak travel times, and follow signed detours.

    Longer closure with more work

    Crews built the southern end of the new diverging diamond, which is part of the I-90/SR 18 Interchange Improvements project, during a five-day closure in early June. There’s even more work to do during this second extended closure, which will last eight days.

    Much like the work finished in early June, the extended closure condenses the time needed to complete work and eliminates the need for multiple weekend and nighttime closures. It also reduces the number of traffic shifts, which improves safety for workers and people driving through the work zone. 

    During the closure, contractor crews working for WSDOT will:

    • Place new drainage and electrical crossings
    • Build concrete islands and curbing
    • Position and set timing for new traffic signals
    • Complete the new I-90 on-ramps
    • Install temporary lane striping and new signs to guide people through the interchange
    • Switch SR 18 traffic into the diverging diamond traffic pattern

    Some of the work during the closure needs dry weather and may need to be rescheduled if it rains.

    What to expect 

    Eastbound and westbound I-90 traffic will not be affected during most of the closure, but people traveling through the area should be aware that:

    • Vehicles will not be permitted on either direction of SR 18 beneath the I-90 bridges.
    • Traffic on the eastbound and westbound I-90 off-ramps will only be able to turn right.
    • Eastbound SR 18 traffic must use the eastbound I-90 on-ramp and follow a detour.
    • Southbound traffic on Snoqualmie Parkway must use the westbound I-90 on-ramp and follow a detour.

    Detour options

    People can detour around the closure using eastbound and westbound I-90 and loop around at nearby interchanges – Preston/Fall City (exit 22) or Highpoint Way (exit 20) to the west and Southeast North Bend Way (exit 27) to the east. 

    Westbound I-90 freight traffic should use the Preston-Fall City exit to loop back and take westbound SR 18 or continue on westbound I-90 to southbound I-405. Freight traffic should not use Issaquah city streets or Issaquah-Hobart Road, which are not suitable for semi-trucks. Similarly, eastbound SR 18 freight traffic cannot use Issaquah city streets to access I-90.

    Before the closure

    To help prepare for the switch to the diverging diamond pattern, crews need to install a permanent barrier along two of the four ramps that will remain open during the eight-day closure. To allow for this, travelers should expect ramp closures on the nights leading up to the extended closure:

    • SR 18 on-ramp to eastbound I-90: Closes from 9 p.m. Tuesday, July 15, until 5 a.m. Wednesday, July 16. People should detour using westbound I-90 and loop around to eastbound I-90 at Preston/Fall City (exit 22).
    • Westbound I-90 off-ramp to SR 18: Closes from 9 p.m. Wednesday, July 16, to 5 a.m. Thursday, July 17. People should continue on westbound I-90, loop around at Preston/Fall City (exit 22) and use the eastbound I-90 off-ramp to SR 18.

    All four ramps also need to be restriped for the diverging diamond traffic pattern during the first night of the eight-day closure. People traveling through the area between 10 p.m. Thursday, July 17, and 5 a.m. Friday, July 18 should expect a series of rolling slowdowns along eastbound and westbound I-90 and 10-minute traffic holds on eastbound SR 18 and southbound Snoqualmie Parkway approaching the interchange. Crews will update the striping on each ramp, one at a time. 

    After the closure

    When SR 18 reopens Friday, July 25, SR 18 traffic will use the diverging diamond traffic pattern, where northbound and southbound traffic cross to the left side of the highway to go under the I-90 bridges before crossing back over. This eliminates vehicles turning left in front of on-coming traffic, allowing for fewer traffic signal phases and improving traffic flow. It also reduces the number of places where vehicles could possibly collide in the interchange from 26 to 14, improving safety.

    WSDOT opened the state’s first diverging diamond interchange in 2020 at the I-5/SR 510 (Marvin Way) interchange in Lacey. 

    Crews will still need to add a final layer of asphalt to the interchange near Snoqualmie and permanent lane striping later this summer. WSDOT will announce details about that work when plans are finalized. 

    In addition to building the new interchange, the project is widening more than 2 miles of SR 18 south of I-90 to two lanes in each direction and removing six barriers to fish passage. SR 18 widening is expected to finish later this fall.

    MIL OSI USA News –

  • MIL-OSI USA: Diamonds are forever: New I-90/SR 18 interchange to open after eight-day closure of SR 18

    Source: Washington State News 2

    Second extended closure near Snoqualmie begins Thursday, July 17

    SNOQUALMIE – After several years of planning and design, and nearly 20 months of construction, it’s almost time for the state’s newest diamond to shine.

    The Washington State Department of Transportation will open the second diverging diamond interchange in the state after an eight-day, round-the-clock closure of both directions of State Route 18 under the Interstate 90 overpasses scheduled to begin Thursday night, July 17. 

    From 9 p.m. Thursday, July 17, through 5 a.m. Friday, July 25, traffic will not be allowed along either direction of SR 18 beneath the I-90 bridges. People traveling through the I-90/SR 18 interchange during the closure should expect delays, especially during peak travel times, and follow signed detours.

    Longer closure with more work

    Crews built the southern end of the new diverging diamond, which is part of the I-90/SR 18 Interchange Improvements project, during a five-day closure in early June. There’s even more work to do during this second extended closure, which will last eight days.

    Much like the work finished in early June, the extended closure condenses the time needed to complete work and eliminates the need for multiple weekend and nighttime closures. It also reduces the number of traffic shifts, which improves safety for workers and people driving through the work zone. 

    During the closure, contractor crews working for WSDOT will:

    • Place new drainage and electrical crossings
    • Build concrete islands and curbing
    • Position and set timing for new traffic signals
    • Complete the new I-90 on-ramps
    • Install temporary lane striping and new signs to guide people through the interchange
    • Switch SR 18 traffic into the diverging diamond traffic pattern

    Some of the work during the closure needs dry weather and may need to be rescheduled if it rains.

    What to expect 

    Eastbound and westbound I-90 traffic will not be affected during most of the closure, but people traveling through the area should be aware that:

    • Vehicles will not be permitted on either direction of SR 18 beneath the I-90 bridges.
    • Traffic on the eastbound and westbound I-90 off-ramps will only be able to turn right.
    • Eastbound SR 18 traffic must use the eastbound I-90 on-ramp and follow a detour.
    • Southbound traffic on Snoqualmie Parkway must use the westbound I-90 on-ramp and follow a detour.

    Detour options

    People can detour around the closure using eastbound and westbound I-90 and loop around at nearby interchanges – Preston/Fall City (exit 22) or Highpoint Way (exit 20) to the west and Southeast North Bend Way (exit 27) to the east. 

    Westbound I-90 freight traffic should use the Preston-Fall City exit to loop back and take westbound SR 18 or continue on westbound I-90 to southbound I-405. Freight traffic should not use Issaquah city streets or Issaquah-Hobart Road, which are not suitable for semi-trucks. Similarly, eastbound SR 18 freight traffic cannot use Issaquah city streets to access I-90.

    Before the closure

    To help prepare for the switch to the diverging diamond pattern, crews need to install a permanent barrier along two of the four ramps that will remain open during the eight-day closure. To allow for this, travelers should expect ramp closures on the nights leading up to the extended closure:

    • SR 18 on-ramp to eastbound I-90: Closes from 9 p.m. Tuesday, July 15, until 5 a.m. Wednesday, July 16. People should detour using westbound I-90 and loop around to eastbound I-90 at Preston/Fall City (exit 22).
    • Westbound I-90 off-ramp to SR 18: Closes from 9 p.m. Wednesday, July 16, to 5 a.m. Thursday, July 17. People should continue on westbound I-90, loop around at Preston/Fall City (exit 22) and use the eastbound I-90 off-ramp to SR 18.

    All four ramps also need to be restriped for the diverging diamond traffic pattern during the first night of the eight-day closure. People traveling through the area between 10 p.m. Thursday, July 17, and 5 a.m. Friday, July 18 should expect a series of rolling slowdowns along eastbound and westbound I-90 and 10-minute traffic holds on eastbound SR 18 and southbound Snoqualmie Parkway approaching the interchange. Crews will update the striping on each ramp, one at a time. 

    After the closure

    When SR 18 reopens Friday, July 25, SR 18 traffic will use the diverging diamond traffic pattern, where northbound and southbound traffic cross to the left side of the highway to go under the I-90 bridges before crossing back over. This eliminates vehicles turning left in front of on-coming traffic, allowing for fewer traffic signal phases and improving traffic flow. It also reduces the number of places where vehicles could possibly collide in the interchange from 26 to 14, improving safety.

    WSDOT opened the state’s first diverging diamond interchange in 2020 at the I-5/SR 510 (Marvin Way) interchange in Lacey. 

    Crews will still need to add a final layer of asphalt to the interchange near Snoqualmie and permanent lane striping later this summer. WSDOT will announce details about that work when plans are finalized. 

    In addition to building the new interchange, the project is widening more than 2 miles of SR 18 south of I-90 to two lanes in each direction and removing six barriers to fish passage. SR 18 widening is expected to finish later this fall.

    MIL OSI USA News –

  • MIL-OSI USA: Diamonds are forever: New I-90/SR 18 interchange to open after eight-day closure of SR 18

    Source: Washington State News 2

    Second extended closure near Snoqualmie begins Thursday, July 17

    SNOQUALMIE – After several years of planning and design, and nearly 20 months of construction, it’s almost time for the state’s newest diamond to shine.

    The Washington State Department of Transportation will open the second diverging diamond interchange in the state after an eight-day, round-the-clock closure of both directions of State Route 18 under the Interstate 90 overpasses scheduled to begin Thursday night, July 17. 

    From 9 p.m. Thursday, July 17, through 5 a.m. Friday, July 25, traffic will not be allowed along either direction of SR 18 beneath the I-90 bridges. People traveling through the I-90/SR 18 interchange during the closure should expect delays, especially during peak travel times, and follow signed detours.

    Longer closure with more work

    Crews built the southern end of the new diverging diamond, which is part of the I-90/SR 18 Interchange Improvements project, during a five-day closure in early June. There’s even more work to do during this second extended closure, which will last eight days.

    Much like the work finished in early June, the extended closure condenses the time needed to complete work and eliminates the need for multiple weekend and nighttime closures. It also reduces the number of traffic shifts, which improves safety for workers and people driving through the work zone. 

    During the closure, contractor crews working for WSDOT will:

    • Place new drainage and electrical crossings
    • Build concrete islands and curbing
    • Position and set timing for new traffic signals
    • Complete the new I-90 on-ramps
    • Install temporary lane striping and new signs to guide people through the interchange
    • Switch SR 18 traffic into the diverging diamond traffic pattern

    Some of the work during the closure needs dry weather and may need to be rescheduled if it rains.

    What to expect 

    Eastbound and westbound I-90 traffic will not be affected during most of the closure, but people traveling through the area should be aware that:

    • Vehicles will not be permitted on either direction of SR 18 beneath the I-90 bridges.
    • Traffic on the eastbound and westbound I-90 off-ramps will only be able to turn right.
    • Eastbound SR 18 traffic must use the eastbound I-90 on-ramp and follow a detour.
    • Southbound traffic on Snoqualmie Parkway must use the westbound I-90 on-ramp and follow a detour.

    Detour options

    People can detour around the closure using eastbound and westbound I-90 and loop around at nearby interchanges – Preston/Fall City (exit 22) or Highpoint Way (exit 20) to the west and Southeast North Bend Way (exit 27) to the east. 

    Westbound I-90 freight traffic should use the Preston-Fall City exit to loop back and take westbound SR 18 or continue on westbound I-90 to southbound I-405. Freight traffic should not use Issaquah city streets or Issaquah-Hobart Road, which are not suitable for semi-trucks. Similarly, eastbound SR 18 freight traffic cannot use Issaquah city streets to access I-90.

    Before the closure

    To help prepare for the switch to the diverging diamond pattern, crews need to install a permanent barrier along two of the four ramps that will remain open during the eight-day closure. To allow for this, travelers should expect ramp closures on the nights leading up to the extended closure:

    • SR 18 on-ramp to eastbound I-90: Closes from 9 p.m. Tuesday, July 15, until 5 a.m. Wednesday, July 16. People should detour using westbound I-90 and loop around to eastbound I-90 at Preston/Fall City (exit 22).
    • Westbound I-90 off-ramp to SR 18: Closes from 9 p.m. Wednesday, July 16, to 5 a.m. Thursday, July 17. People should continue on westbound I-90, loop around at Preston/Fall City (exit 22) and use the eastbound I-90 off-ramp to SR 18.

    All four ramps also need to be restriped for the diverging diamond traffic pattern during the first night of the eight-day closure. People traveling through the area between 10 p.m. Thursday, July 17, and 5 a.m. Friday, July 18 should expect a series of rolling slowdowns along eastbound and westbound I-90 and 10-minute traffic holds on eastbound SR 18 and southbound Snoqualmie Parkway approaching the interchange. Crews will update the striping on each ramp, one at a time. 

    After the closure

    When SR 18 reopens Friday, July 25, SR 18 traffic will use the diverging diamond traffic pattern, where northbound and southbound traffic cross to the left side of the highway to go under the I-90 bridges before crossing back over. This eliminates vehicles turning left in front of on-coming traffic, allowing for fewer traffic signal phases and improving traffic flow. It also reduces the number of places where vehicles could possibly collide in the interchange from 26 to 14, improving safety.

    WSDOT opened the state’s first diverging diamond interchange in 2020 at the I-5/SR 510 (Marvin Way) interchange in Lacey. 

    Crews will still need to add a final layer of asphalt to the interchange near Snoqualmie and permanent lane striping later this summer. WSDOT will announce details about that work when plans are finalized. 

    In addition to building the new interchange, the project is widening more than 2 miles of SR 18 south of I-90 to two lanes in each direction and removing six barriers to fish passage. SR 18 widening is expected to finish later this fall.

    MIL OSI USA News –

  • MIL-OSI Canada: Canadian Armed Forces set to participate in Australia’s largest military exercise

    Source: Government of Canada News

    July 11, 2025 – Ottawa, ON – National Defence / Canadian Armed Forces

    The Canadian Armed Forces (CAF) is deploying approximately 600 personnel to participate in the largest-ever iteration of Exercise TALISMAN SABRE 25 (Ex TS25) from July 13 to August 4, 2025. This exercise will take place in and around Australia and for the first time, in Papua New Guinea.

    Hosted biennially by Australia, Exercise TALISMAN SABRE brings together over 30,000 military personnel from 19 nations for advanced multinational training. This year’s iteration will feature large-scale warfighting exercises, including firepower demonstrations, tactical sustainment rehearsals, and joint operations across land, air, sea, space, and cyber domains.

    Ex TS25 marks Canada’s largest single deployment of military personnel to the Indo-Pacific region since the launch of Operation HORIZON. It will also be the first major exercise to involve a broad spectrum of Canadian Armed Forces capabilities deployed together, drawing on personnel and assets from the Royal Canadian Navy, Canadian Army, Royal Canadian Air Force (RCAF), Canadian Forces Cyber Command (CAFCYBERCOM), 3 Canadian Space Division (3 CSD), and Canadian Special Operations Forces Command (CANSOFCOM).

    The CAF’s contribution includes His Majesty’s Canadian Ship (HMCS) Ville de Québec, which will conduct live-fire naval exercises, and RCAF assets providing both strategic and tactical airlift. Together, these forces will demonstrate the CAF’s readiness to conduct integrated and expeditionary operations alongside key partners.

    Participation in Ex TS25 strengthens Canada’s defence cooperation with the Australian Defence Force and advances the priorities set out in the Joint Statement on Strengthening the Canada–Australia Defence Relationship. This deployment sends a clear signal: Canada is deepening its commitment to collective security and regional stability in the Indo-Pacific.

    As global threats evolve, Canada will continue stepping up by investing in strong partnerships and demonstrating its capacity to contribute meaningfully to peace and security around the world.

    MIL OSI Canada News –

  • MIL-OSI: MultiBank opens waitlist for MBG token bridging Web3 and global finance

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, July 11, 2025 (GLOBE NEWSWIRE) — MultiBank Group, the world’s largest financial derivatives institution, has officially opened the waitlist for early access to its highly anticipated utility token, MBG. This marks a significant step in the company’s strategy to merge traditional finance with the Web3 ecosystem.

    All waitlist participants will receive early access to the token presale and automatically enter a raffle for a pool of 27,000 MBG tokens. Registration is now available on the official token website with a simplified process requiring no KYC procedures or financial commitments at this stage.

    Waitlist benefits

    The MBG token waitlist presents a unique opportunity to reserve early access before the public sale begins. By joining the waitlist, participants secure their place among the first invited to purchase the token.

    The early access program is designed to give the community time to study the project and make informed decisions about participating in the tokenized ecosystem of one of the world’s leading financial groups.

    Token built on MultiBank’s solid financial heritage

    The MBG token stands out in the volatile crypto market with its unique foundation—it is backed by real assets and revenues of MultiBank Group, a company with an impeccable 20-year reputation in the financial industry.

    MultiBank Group, established in 2005, today holds 17 regulatory licenses across five jurisdictions and serves over 2 million clients in more than 100 countries. With daily trading volume exceeding $35 billion and net profit of $275.9 million in 2024, the company demonstrates financial stability that is rare in the Web3 world.

    Notably, the token launch comes on the heels of MultiBank’s recent landmark $3 billion deal with MAG Lifestyle Development and Mavryk—the world’s largest real estate tokenization initiative. This deal, featuring premium properties like The Ritz-Carlton Residences, Dubai, Creekside at Keturah Resort, and Keturah Reserve, positions MBG as the next anticipated milestone in the company’s strategy, attracting attention from both institutional and retail investors.

    Four pillars of the MBG ecosystem

    The MBG token is integrated into MultiBank Group’s four-pillar ecosystem to maximize its utility:

    1. MultiBank FX (TradFi Platform)

    • Current daily volume: $35 billion
    • 2024 EBITDA: $284.9 million
    • Trading in Forex, metals, shares, indices, and commodities

    2. MEX Exchange (Institutional ECN)

    • Independent valuation: $23.7 billion
    • First institutional ECN for emerging markets
    • Projected volume: $460 billion per day by year five

    3. MultiBank.io (Crypto platform)

    • Regulated in UAE, Australia, India, and more
    • Spot and derivatives trading
    • Projected revenue by 2030: $1.4 billion

    4. MultiBank.io RWA (Real-World Assets marketplace)

    • Premium real estate tokenization
    • Initial portfolio: $3 billion
    • Expansion to $10 billion in assets

    MBG holders gain access to benefits across the entire ecosystem: from trading discounts and priority execution to staking rewards and exclusive access to tokenized real estate assets.

    MBG token benefits

    The token offers an 11-tier loyalty system where holders of 1,000 to 550,000+ tokens receive progressive benefits: spot trading discounts up to 23%, fixed staking yields up to 45% annually, and substantial FX/CFD trading discounts up to 22.5%.

    The staking program includes both fixed and variable APY options. Fixed programs offer predictable returns from 3% (30 days) to 29% (365 days), depending on the holder’s tier. The variable model is tied to ecosystem trading fees, creating a sustainable source of rewards.

    Holders also receive priority trade execution, access to exclusive trading pairs including tokenized RWA assets, and early access to IEO listings on the platform. For social traders, the token unlocks advanced portfolio copying capabilities and trading signals from top traders.

    At the institutional level, MBG provides on-chain trade recording for full transparency, simplified auditing for compliance requirements, and the ability to use tokenized assets as collateral for derivatives trading—creating a unique bridge between TradFi and DeFi.

    MBG token: A window to the future

    “MultiBank has extensive experience and an excellent reputation in the market, which allows us to proudly present a new promising project that will ensure seamless interaction between Web3 and traditional finance,” notes Zak Taher, founder and CEO of MultiBank.io.

    The token also includes a deflationary buyback and burn model tied to platform revenues. The program envisions cumulative burning of up to $440 million over the first four years, potentially removing up to 50% of the total token supply.

    Development prospects

    The official launch of the MBG token is scheduled for July 2025 with listings on leading centralized and decentralized exchanges. Waitlist participants will receive notifications about all key dates and early participation opportunities.

    To join the waitlist and get additional information about the MBG token, visit the project’s official website.

    About MultiBank Group

    MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance.

    Contact:
    Mr. Nikolas Neofytou
    nikolas.neofytou@multibankfx.com

    Disclaimer: This content is provided by MultiBank Group. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/09786dbe-1896-4eb5-b58d-b83902a2009f

    The MIL Network –

  • MIL-OSI Australia: ATO holds more GST fraudsters to account

    Source: New places to play in Gungahlin

    The Australian Taxation Office’s (ATO) hunt for GST fraudsters continues as four more individuals are sentenced following action of Operation Protego.

    These recent sentencings reinforce the ATO’s unwavering commitment in investigating and holding all offenders to account.

    ATO Deputy Commissioner and Serious Financial Crime Taskforce (SFCT) Chief John Ford said the ATO’s ability to detect and halt GST fraud is unwavering.

    ‘Our fraud detection and prevention capabilities are advanced thanks to partnerships, technologies, and risk models all working together to stay ahead of fraudsters and criminals,’ Mr Ford said.

    Included in these sentencings are individuals who, at the time of offending, were current employees and contractors at the ATO. Once their involvement was identified, their employment ceased.

    ‘We expect all staff to act with the highest levels of integrity and these individuals violated the trust placed in them by the community.’

    ‘The community rightly expects all ATO staff to act with the highest levels of integrity. Those who do not meet our values have no place at the ATO,’ Mr Ford said.

    Latest sentencing outcomes

    • Kim Orense was sentenced in Penrith District Court to 18 months’ imprisonment, to be released on recognizance after serving 10 months subject to conditions to be of good behaviour for 2 years and to accept the supervision and guidance of Community Corrections, for dealing in money or property that was and which Mr Orense believe to be the proceeds of indictable crime, contrary to subsection 400.4(1) of the Criminal Code (Cth). Between October 2021 and April 2022, 14 false business activity statements (BAS) were lodged in Mr Orense’s name, which resulted in him receiving $214,011 in fraudulent GST refunds. He transferred these funds to other bank accounts or associates, including Abigail Ussher, his former partner, who has also been sentenced. A search warrant conducted in June 2022 at Mr Orense’s residence found no business records, invoices, tools or equipment, that would suggest he was carrying out a house repair business that he claimed.
    • Abigail Ussher was sentenced in the Penrith District Court to 12 months’ imprisonment, to be released on recognisance after serving 5 months subject to conditions to be of good behaviour for 2 years and to accept the supervision and guidance of Community Corrections, for dealing in money or property that was and which Ms Ussher believed to be the proceeds of indictable crime, contrary to subsection 400.4(1) of the Criminal Code (Cth). In 2022, Ms Ussher lodged 3 original and 4 revised BAS and received $117,297 in refunds through an ABN she claimed was for a business that provided crime scene cleaning services. Upon receiving the funds, Ms Ussher transferred them to personal accounts, or other third parties. She transferred funds to Kim Orense, her former partner, who has also been sentenced. An investigation into Ms Ussher’s bank activity and a search warrant on her home concluded that she was not carrying out a business and therefore not entitled to the refunds she had claimed.
    • Former ATO employee Menuwarage Ranasinghe was sentenced at Adelaide Magistrates Court to 4 months’ imprisonment with an order that she be released immediately upon giving security by recognizance of $500 to comply with a condition that she must be of good behaviour for 18 months for three counts of the offence of obtaining a financial advantage by deception. Ms Ranasinghe lodged three BAS which misrepresented the creditable expenses incurred by her business and, as a result, obtained $16,056.00 in GST refunds.
    • Former ATO contractor Baby Dee Zearwie was sentenced at Melbourne County Court to 8 months’ imprisonment, and immediately released on a two-year recognizance release order for 1 count of obtaining a financial advantage by deception by joint commission and 1 count of obtaining financial advantage by deception. Ms Zearwie obtained $87,649.60 in fraudulent GST refunds. She was also ordered to make reparations of $23,709.43.

    These matters were prosecuted by the Office of the Director of Public Prosecutions (Cth)(CDPP) following a referral from the ATO.

    You can confidentially report suspected tax crime or fraud to us by making a tip-off online or calling 1800 060 062.

    For more information about Operation Protego including recent sentencings, visit ato.gov.au/protego.

    Notes to journalists

    • As part of Operation Protego, the ATO has applied treatment against more than 57,000 alleged offenders. Those involved in this fraud have already been handed in the order of $300 million in penalties and interest.
    • As at 30 June 2025, 122 people have been convicted with a range of sentencing outcomes, including jail terms of up to 7 years and 6 months and with orders made to restrain real property.
    • The ATO has finalised 64 investigations and referred 54 briefs of evidence to the Commonwealth Director of Public Prosecutions. The figures do not include investigations into former ATO staff.
    • A high-resolution headshot of Deputy Commissioner and Serious Financial Crime Taskforce Chief John Ford is available from the ATO media centre
    • ATO stock footage and images is available for download and use in news bulletins from the ATO media centre.

    MIL OSI News –

  • MIL-OSI: Ozak AI Launches Fourth Presale Phase, Targets $1 Milestone with AI-Powered Crypto Intelligence Platform

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, British Virgin Islands, July 11, 2025 (GLOBE NEWSWIRE) — Ozak AI, a blockchain-powered platform integrating artificial intelligence for predictive analytics and trading intelligence, has officially entered the fourth stage of its presale, offering its native token OZ at $0.005. Having already raised over $1.2 million, Ozak AI (OZ) is rapidly gaining momentum as it prepares for broader platform deployment and centralized exchange listings later this year.

    The announcement marks a major milestone in the project’s roadmap as it moves closer to launching its full suite of AI-driven tools for crypto investors and traders.

    AI Meets Blockchain in a Unified Predictive Platform

    Ozak AI is developing a decentralized infrastructure that aims to make advanced market analytics and predictive forecasting more accessible to everyday investors. The platform is designed to deliver real-time market sentiment, trading signals, and personalized prediction agents (PAs) tailored to each user’s strategy.

    At the heart of the system lies the Ozak Stream Network (OSN), a low-latency data streaming protocol that enables continuous flow and analysis of market data. Combined with a DePIN-based architecture for decentralized data processing, Ozak AI is built for scale, speed, and accuracy.

    “The fourth presale stage is a crucial phase for us,” said an Ozak AI spokesperson. “The funding raised is supporting final development sprints and will accelerate deployment of our beta tools to early users. We’re creating a platform that allows users to tap into powerful AI prediction engines without needing institutional-level resources.”

    Strong Market Interest Ahead of Exchange Listing

    The growing adoption of AI technology across finance, healthcare, and enterprise sectors has extended into the crypto space, where traders increasingly seek algorithmic tools to gain an edge in volatile markets. Ozak AI aims to fill this gap by providing a predictive analytics engine that adapts to shifting trends, market structures, and sentiment patterns.

    The OZ token will power the platform’s ecosystem, enabling access to AI modules, staking incentives, and governance features. Following the presale stages, Ozak AI plans to launch its native token on multiple centralized exchanges (CEXs), providing wider access and liquidity.

    “Exchange listings are a key part of our post-presale roadmap. We are currently in discussions with multiple trading venues and will announce finalized partnerships in the coming months,” the company representative added.

    Youtube embed:
    Next 500X AI Altcoin

    Roadmap Highlights

    Ozak AI has laid out a structured roadmap with several development and release targets in the second half of 2025:

    • Q3 2025: Launch of Prediction Agent (PA) customization dashboard for beta users
    • Q4 2025: Deployment of Ozak Stream Network v1 and integration of DePIN modules
    • Q4 2025: Official listing of OZ token on centralized exchanges
    • Early 2026: Public release of full analytics platform with AI-powered forecast dashboards, community-driven data models, and API support for third-party platforms

    The company’s upcoming releases will also include sentiment analysis tools trained on blockchain activity and social media signals to help investors stay ahead of sudden market shifts.

    Industry Trends Align with Vision

    As the crypto and AI sectors converge, the demand for real-time, data-driven insights is accelerating. Ozak AI’s entry into this space comes at a time when the broader market is witnessing renewed interest in AI-powered applications across decentralized networks.

    Recent growth in DePIN (Decentralized Physical Infrastructure Networks) and predictive blockchain protocols signals a shift toward more intelligent infrastructure in Web3. Ozak AI’s approach aligns closely with these macro trends by combining machine learning with permissionless architecture, aiming to create a more transparent and insightful trading environment.

    Token Details

    • Token Name: OZAK AI (OZ)
    • Presale Price (Stage 4): $0.005
    • Total Presale Rounds: 7
    • Funds Raised So Far: $1.2M+
    • Token Utility: Access to AI prediction modules, staking, governance, and premium analytics features

    The OZ token smart contract has undergone internal audits, and an external audit report will be published prior to the token generation event (TGE) scheduled post-presale.

    Final Presale Stages and Participation

    Investors can participate in the ongoing presale by visiting the official Ozak AI website. The remaining stages of the presale will see gradual price increases, with the final round pricing OZ at $0.02. Early adopters can lock in tokens at current discounted rates before broader access via exchanges.

    To learn more about the project, users can join the official Telegram group or follow updates on X (formerly Twitter).

    About Ozak AI
    Ozak AI is a blockchain-based predictive analytics platform that leverages artificial intelligence to provide real-time trading insights, personalized market forecasts, and data-driven tools for cryptocurrency traders and investors. The platform combines AI algorithms, low-latency streaming, and decentralized infrastructure to help users make informed decisions in fast-paced digital asset markets.

    Website: https://ozak.ai
    Telegram: https://t.me/OzakAGI
    Twitter (X): https://x.com/ozakagi

    Contact Us:
    Andres Brinc
    media@ozak.ai

    Disclaimer: This content is provided by Ozak AI. 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/445eff82-9dd9-4fbc-a1fa-4201d80c3cfa

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2c8be896-e2bc-44b8-b970-116cc7f44839

    The MIL Network –

  • MIL-OSI Economics: AI chatbot supporting victims-survivors of domestic violence wins UN Global AI for Good Impact Award

    Source: Microsoft

    Headline: AI chatbot supporting victims-survivors of domestic violence wins UN Global AI for Good Impact Award

    Geneva, 10 July 2025 – Spring ACT and Microsoft announce that Chatbot Sophia, a multilingual AI-powered tool supporting victim-survivors of domestic abuse, has been awarded the AI for Good Impact Award 2025, in the category Pro Bono Collaboration.

    Selected from 320 applications, Sophia was recognized for its transformative impact in using Artificial Intelligence to address one of the world’s most pressing issues: domestic violence. Chatbot Sophia enables people facing abuse to learn about the signs of abuse, understand their rights, gather potential evidence, and seek help – all anonymously, anywhere in the world, and without leaving a digital trace.

    Powered by Microsoft Azure AI’s text-to-speech capabilities and cloud infrastructure, to date, Sophia has supported over 42,000 conversations across 172 countries, breaking down language, geographical, and social barriers worldwide.

    Rhiana Spring, Founder and CEO of Spring ACT, said: “This award is a powerful reminder of what’s possible when innovation and human rights connect. We built Sophia with survivors to empower people in the darkest moments to find their way out of abuse and break the silence. Today, Sophia stands as a truly global digital ally, supporting victim-survivors wherever they are in the world, whenever they need her.»

    Catrin Hinkel, CEO Microsoft Switzerland: “We are proud to support Sophia as a pro bono partner through our Philanthropies program. This recognition highlights how technology – when developed  with empathy and inclusion – can change lives.”

    The award ceremony brought together leaders from the United Nations, government, tech, and social innovation to showcase AI solutions advancing the UN Sustainable Development Goals.

    This marks a major milestone for Spring ACT, as Sophia continues to expand its language reach and partnerships to ensure support is accessible anytime, anywhere.

    Access Sophia via www.sophia.chat
    More information: www.springact.org 

    MIL OSI Economics –

  • MIL-OSI USA: LANDEURO 2025: Transforming with Allies for the Future Fight

    Source: United States Army

    The upcoming inaugural LANDEURO conference, set for July 16-17 at the Rhein Main Congress Centre in Wiesbaden, Germany, will be a forum to address the future of global security. The conference features keynote speeches from distinguished leaders, such as: Radmila Šekerinska, NATO Deputy Secretary General; Gen. Christopher Donahue, Commanding General, U.S. Army Europe and Africa; and Mykhailo Fedorov, Ukrainian Minister of Digital Transformation. The event will gather international defense leaders, policymakers, and industry experts to discuss critical security challenges and innovations. Eight panels and seven Warrior’s Corners will provide military, academic, and industry viewpoints on the challenges confronting America and its allies and partners.

    “We are re-establishing deterrence to counter Russia’s ongoing aggression in Ukraine through transformation and innovation, with U.S. Army Europe and Africa serving as a crucial proving ground for future warfighting lethality,” said Donahue. “Simultaneously, we are empowering our allies to invest further in their own defense capabilities, bolstering collective security, and forging a more robust partnership.”

    In the panel titled “World War Next: The Interconnected Global Threat,” moderated by Heino Klinck from Klinck Global, experts including Vice Admiral Dianne Turton from Australia and Lieutenant General Pasi Välimäki from Finland will discuss the multifaceted threats facing the U.S., NATO, and Indo-Pacific allies. The panel will examine the interconnectedness of the European and Indo-Pacific theaters, and how threats from one can bleed into the other.

    “Magazine Depth Wins Wars: The Future of NATO’s Arsenal” is another pivotal session moderated by Melanie M. Marlowe from CSIS. This panel, featuring retired General Ed Daly and Major General Bo Dyess, will explore enhancing NATO’s production capabilities to improve ammunition supply, interoperability, and responsiveness. Discussions will center around practical solutions for increasing global defense preparedness in a rapidly evolving geopolitical landscape.

    Highlighting recent military adaptations, the panel “Ukrainian Lessons in Rapid Adaptation” will examine how Ukraine’s efficient feedback loops, responsive production, and system upgrades offer valuable insights for multinational defense cooperation. Moderated by Dr. John Nagl, panelists including Lieutenant General Curtis Buzzard, commanding general of Security Assistance Group – Ukraine, will discuss some of the many lessons being learned from the war in Ukraine.

    “Defending the Skies: Today’s Capabilities, Tomorrow’s Edge,” moderated by Louis Bergeron from Govini, will address air defense modernization. Brigadier General Curtis King of the 10th Army Air and Missile Defense Command and other experts will analyze current challenges in air and missile defense, emphasizing future interoperability and innovation strategies necessary to counter sophisticated, multi-layered threats.

    “Breaking the Kill Chain: Multi-Domain Operations Against A2AD,” featuring insights from Brigadier General Steven Carpenter, commanding general of 56th Artillery Command, will delve into integrated operations combining joint fires and effects, cyber capabilities, and electronic warfare. Moderated by Dr. JP Clark, this panel aims to identify effective strategies to neutralize enemy defenses rapidly during critical early phases of conflict.

    “Ukrainian Innovation at the Speed of Relevance,” led by Francis Dearnley of the Telegraph, will highlight cutting-edge developments in unmanned and cost-effective defense platforms. Panelists such as Ray Fitzgerald from Sierra Nevada Company will discuss leveraging transatlantic industrial capabilities to ensure military readiness and adaptability.

    The session “FMS at the Speed of War: Reforming Foreign Military Sales for Global Readiness” moderated by retired Major General Peter Fuller, will analyze improvements to U.S. and European foreign military sales processes. The panel seeks to identify reforms necessary for accelerating equipment deliveries and enhancing the preparedness of NATO Allies and partner nations.

    Lastly, “Updating the Arsenal of Democracy: Co-Production with Allies,” moderated by Heidi Grant, will explore collaborative production opportunities between the U.S., NATO, and partner nations. This session emphasizes the importance of joint manufacturing initiatives for critical defense systems, promoting sustainable global security through shared innovation and resources.

    LANDEURO 2025 will provide a crucial forum to discuss and align global defense strategies, emphasizing cooperation, innovation, and readiness to effectively respond to complex international threats. To learn more information and how to attend LANDEURO, click here. For LANDEURO coverage and livestreams , click here.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Export bar placed on pocket chronometer from Charles Darwin voyage

    Source: United Kingdom – Executive Government & Departments

    Press release

    Export bar placed on pocket chronometer from Charles Darwin voyage

    A temporary export bar has been placed on a pocket chronometer present on the second voyage of HMS Beagle, well-known for carrying Charles Darwin

    • The pocket chronometer is valued at £200,000
    • The export bar will allow time for a UK gallery or institution to acquire the chronometer for the nation – ensuring it can continue to inspire further research and love of learning for future generations

    An export bar has been placed on a pocket chronometer in an effort to protect a key piece of the nation’s history and ensure Charles Darwin’s legacy can continue to inspire for generations to come.

    The chronometer is known to have travelled on the second voyage of HMS Beagle, from 1831 to 1836, which is a significant part of our history as the voyage is well known for carrying Charles Darwin. This expedition played a role in the development of Darwin’s evolutionary theory, providing him with observations and collections that led to his groundbreaking ideas on evolution by natural selection. 

    Chronometers are highly accurate timepieces, designed for marine navigation, that measure time with great precision, especially for determining longitude at sea.

    This chronometer played a significant role on HMS Beagle’s important second voyage, as the observation chronometer, helping to map the coast of South America. The success of the voyage strengthened Britain’s leading position in navigation, thanks to the use of chronometres, which – when they returned to Britain five years later – had only lost 33 seconds. The voyage also later helped Greenwich become internationally accepted as the Prime Meridian in the 19th century. 

    Arts Minister, Sir Chris Bryant said:

    Charles Darwin is one of the most well-known figures in our history and has inspired many generations. This chronometer played a part in helping his research on evolution and strengthening Britain’s leading position in navigation.

    I hope this chronometer can be saved for the nation so we can continue to learn about the fascinating voyage, the legacy of Darwin and improve our knowledge on the use of chronometers for marine navigation.

    Committee Member, Tim Pestell said:

    HMS Beagle’s second voyage of 1831-36 is most popularly associated with Charles Darwin’s ground-breaking research on evolution. Less well known is that this scientific mission was used by the Royal Navy to test various scientific instruments then at the cutting edge of technology. The chronometer that is the subject of this export bar is central to this story. Made in 1830, it was used on the Beagle in the key role of observation chronometer, helping map the coast of South America and being taken ashore on the Galapagos Islands. Beagle’s success, and the triumph of its chronometers, was shown when it returned to Britain after five years, losing only 33 seconds in time. Having performed a central role in Beagle’s second expedition, it would be a tragedy for this chronometer, named ‘K’ on board, to be lost to the nation. I hope that the placing of an export bar will allow this wonderful timepiece to be acquired by a museum, where its remarkable story, and its place in us understanding our world, can be told to the public.

    The Minister’s decision follows the advice of the Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest (RCEWA).

    The Committee made its recommendation on the basis that the chronometer met the first Waverley criterion for its outstanding connection with our history and national life.

    The decision on the export licence application for the chronometer will be deferred for a period ending on 10 October 2025 inclusive. At the end of the first deferral period owners will have a consideration period of 15 Business Days to consider any offer(s) to purchase the chronometer at the recommended price of £200,000 (plus VAT of £40,000). The second deferral period will commence following the signing of an Option Agreement and will last for three months.

    Notes to editors

    1. Organisations or individuals interested in purchasing the panel should contact the RCEWA on 02072680534 or rcewa@artscouncil.org.uk.
    2. Details of the item are as follows: pocket chronometer in a silver case made by Parkinson & Frodsham, Change Alley, London, 1830. This partnership was active between 1801-1947. Materials include: silver (case); enamel (dial); brass (movement plate & wheels); steel (various components including arbors & balance spring); gold (hands, gilding); diamond (end-stone) and mahogany (box case). The diameter of the case 55 mm.
    3. Provenance: 1831 – 1906 Admiralty, London, in sea service.  1906 Taken in exchange from the Admiralty by E.Dent & Co. 4 Royal Exchange & 61 Strand, London By 2010 Watch trade, London, UK 2011 Private Collection, UK, when re-identified. 2023 Martyn Downer Works of Art Ltd. Cambridge.
    4. The Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest is an  independent body, serviced by Arts Council England (ACE), which advises the Secretary of State for Culture, Media and Sport on whether a cultural object, intended for export, is of national importance under specified criteria.

    Updates to this page

    Published 11 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Export bar placed on pocket chronometer from Charles Darwin voyage

    Source: United Kingdom – Executive Government & Departments

    Press release

    Export bar placed on pocket chronometer from Charles Darwin voyage

    A temporary export bar has been placed on a pocket chronometer present on the second voyage of HMS Beagle, well-known for carrying Charles Darwin

    • The pocket chronometer is valued at £200,000
    • The export bar will allow time for a UK gallery or institution to acquire the chronometer for the nation – ensuring it can continue to inspire further research and love of learning for future generations

    An export bar has been placed on a pocket chronometer in an effort to protect a key piece of the nation’s history and ensure Charles Darwin’s legacy can continue to inspire for generations to come.

    The chronometer is known to have travelled on the second voyage of HMS Beagle, from 1831 to 1836, which is a significant part of our history as the voyage is well known for carrying Charles Darwin. This expedition played a role in the development of Darwin’s evolutionary theory, providing him with observations and collections that led to his groundbreaking ideas on evolution by natural selection. 

    Chronometers are highly accurate timepieces, designed for marine navigation, that measure time with great precision, especially for determining longitude at sea.

    This chronometer played a significant role on HMS Beagle’s important second voyage, as the observation chronometer, helping to map the coast of South America. The success of the voyage strengthened Britain’s leading position in navigation, thanks to the use of chronometres, which – when they returned to Britain five years later – had only lost 33 seconds. The voyage also later helped Greenwich become internationally accepted as the Prime Meridian in the 19th century. 

    Arts Minister, Sir Chris Bryant said:

    Charles Darwin is one of the most well-known figures in our history and has inspired many generations. This chronometer played a part in helping his research on evolution and strengthening Britain’s leading position in navigation.

    I hope this chronometer can be saved for the nation so we can continue to learn about the fascinating voyage, the legacy of Darwin and improve our knowledge on the use of chronometers for marine navigation.

    Committee Member, Tim Pestell said:

    HMS Beagle’s second voyage of 1831-36 is most popularly associated with Charles Darwin’s ground-breaking research on evolution. Less well known is that this scientific mission was used by the Royal Navy to test various scientific instruments then at the cutting edge of technology. The chronometer that is the subject of this export bar is central to this story. Made in 1830, it was used on the Beagle in the key role of observation chronometer, helping map the coast of South America and being taken ashore on the Galapagos Islands. Beagle’s success, and the triumph of its chronometers, was shown when it returned to Britain after five years, losing only 33 seconds in time. Having performed a central role in Beagle’s second expedition, it would be a tragedy for this chronometer, named ‘K’ on board, to be lost to the nation. I hope that the placing of an export bar will allow this wonderful timepiece to be acquired by a museum, where its remarkable story, and its place in us understanding our world, can be told to the public.

    The Minister’s decision follows the advice of the Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest (RCEWA).

    The Committee made its recommendation on the basis that the chronometer met the first Waverley criterion for its outstanding connection with our history and national life.

    The decision on the export licence application for the chronometer will be deferred for a period ending on 10 October 2025 inclusive. At the end of the first deferral period owners will have a consideration period of 15 Business Days to consider any offer(s) to purchase the chronometer at the recommended price of £200,000 (plus VAT of £40,000). The second deferral period will commence following the signing of an Option Agreement and will last for three months.

    Notes to editors

    1. Organisations or individuals interested in purchasing the panel should contact the RCEWA on 02072680534 or rcewa@artscouncil.org.uk.
    2. Details of the item are as follows: pocket chronometer in a silver case made by Parkinson & Frodsham, Change Alley, London, 1830. This partnership was active between 1801-1947. Materials include: silver (case); enamel (dial); brass (movement plate & wheels); steel (various components including arbors & balance spring); gold (hands, gilding); diamond (end-stone) and mahogany (box case). The diameter of the case 55 mm.
    3. Provenance: 1831 – 1906 Admiralty, London, in sea service.  1906 Taken in exchange from the Admiralty by E.Dent & Co. 4 Royal Exchange & 61 Strand, London By 2010 Watch trade, London, UK 2011 Private Collection, UK, when re-identified. 2023 Martyn Downer Works of Art Ltd. Cambridge.
    4. The Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest is an  independent body, serviced by Arts Council England (ACE), which advises the Secretary of State for Culture, Media and Sport on whether a cultural object, intended for export, is of national importance under specified criteria.

    Updates to this page

    Published 11 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: New Bitcoin cloud mining solution is 10 times more profitable than traditional mining, with a 45-day cycle profit of up to $99,652.5

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK, July 11, 2025 (GLOBE NEWSWIRE) — Cloud mining has become the first choice for stable investment-if ordinary investors buy Bitcoin directly, they not only have to bear the risk of market fluctuations. If they choose to mine cryptocurrencies themselves, they also have to face high mining machine costs and electricity consumption. Ethransaction cloud mining uses advanced cloud computing technology and intelligent contract planning operation mode, so that users can easily participate in Bitcoin mining through the platform without purchasing physical mining machines and enjoy stable income.

    Ethransaction platform core advantages

    1. Zero threshold, easy to start crypto asset income

    Registration reward: Become an Ethransaction user and get a $19 reward. You can start mining for free immediately and earn a fixed $0.9 every day.

    2. Flexible contracts, transparent and controllable returns
    The platform provides a variety of cloud computing contracts to meet different investment needs:

    Example: Someone invests $103,000, [s19 hyd pro 198T hydr]
    Advanced cloud computing contract, the plan period is 45 days, and the daily interest rate is 2.15%.
    Daily income is $2214.5.
    Total income at maturity = $103,000 + $2214.5*45 = $202,652.5

    Transparency-all income can be checked in real time through mobile devices or computer devices to ensure the safety and transparency of funds.
    Security: All cloud computing contracts of Ethransaction are provided with investment protection by L&G Insurance.

    3. Multi-currency support, diversified investment risks
    In addition to Bitcoin (BTC), Ethransaction also supports mining of popular currencies such as Ethereum (ETH) and Dogecoin (DOGE), helping users optimize asset allocation and reduce the risk of fluctuations in a single currency.

    4. Reinvest income and compound interest growth
    Users can renew their daily income into cloud computing contracts to accelerate wealth accumulation, which is especially suitable for long-term investors.

    5. Zero maintenance cost, zero investment benefits
    Ethransaction is responsible for all hardware and operation maintenance. (No maintenance fee or hidden fee is required)
    Customer service is online all day to provide you with any help to ensure a smooth mining experience.
    Ethransaction launched an affiliate referral program with a 6% long-term commission.

    It only takes a few minutes to learn about the growth path from a novice to a senior player on the official website:

    Ethransaction not only provides a stable income channel, but also has a complete novice tutorial and market analysis tools to help users gradually master cryptocurrency investment strategies. Whether it is a novice entering the market or an experienced miner, you can find a growth path suitable for yourself on the platform.

    Seize the bull market opportunity and act now:
    Ethransaction is committed to innovating and continuously optimizing the high efficiency of the mine’s output and the convenience of the platform. With low thresholds, high flexibility and transparent operations, it has become the best choice for investors to make steady profits. Register now, both new and experienced players can enjoy exclusive cloud computing contracts for new users, helping you seize the first opportunity in the crypto market!

    Email: info@ethransaction.vip
    Official website: https://ethransaction.vip
    App download: https://ethransaction.vip/app.html

    Attachment

    The MIL Network –

  • WAVES 2025: India’s creative economy sets the stage for a trillion-dollar global impact

    Source: Government of India

    Source: Government of India (4)

    WAVES 2025 has significantly energized the country’s creative economy, often referred to as the Orange Economy also. This initiative aims to foster economic activities that convert ideas, creativity, rich and diverse cultural expressions and heritage into tangible goods and services. The creative economy spans a wide range of industries including music, film, design, publishing, gaming and many more creative pursuits. This mission amply demonstrates how cultural and creative assets can also be leveraged to fuel the nation’s economic growth.

    India, a land of over 143 crore people, is also home to a billion stories and storytellers, as Prime Minister Narendra Modi said in his address at this grand ceremony. He said, every village, street, river and mountain echoes with unique tales and perspectives. Indian art and music, deeply spiritual in nature, reflect this storytelling spirit, where every note and rhythm carries a soul whether in a devotional bhajan or a modern composition.

    The country’s creative legacy, from the pioneering film Raja Harishchandra in 1913 to global milestones like RRR winning at the Oscars, highlights the growing influence of Indian cinema and cultural expressions. From Guru Dutt’s poetic visuals to AR Rahman’s soulful music and Rajamouli’s epic narratives, Indian creativity continues to resonate across the world.

    The rise of India’s creative economy powered by content, creativity and culture, is truly transforming the country into a global hub for film, digital content, gaming, fashion, music and live performances. This sector holds immense potential to significantly contribute to India’s GDP.

    With the world looking for new stories, India stands ready to offer a rich blend of science, fiction, courage and imagination. The message is clear for the creators of the country- dream big, invest in talent and share the soul of India with the world.

    WAVES 2025 is also expected to unlock a 50 billion dollar opportunity for India’s media and entertainment sector by 2029. The summit held from 1 May to 4 May at Jio World Convention Centre, Mumbai, attracted over 10,000 delegates, 1,000 creators, 300 companies and more than 350 startups.

    This initiative alone recorded business transactions worth over Rs. 1,328 crore with more than 3,000 business-to-business meetings held over three days. Adding further value to the summit, the Maharashtra government signed MoUs worth Rs. 8,000 crore during the event. Among these, MoUs worth Rs. 1,500 crore each were signed with the University of York and the University of Western Australia. The state’s industries department also inked MoUs valued at Rs. 3,000 crore with Prime Focus and Rs. 2,000 crore with Godrej.

    WAVES 2025 marks a turning point, launching the Global Media Dialogue with participation from 25 countries to promote international collaboration. The event also featured the WAVES Bazaar, a digital marketplace with over 6,100 buyers, 5,200 sellers and 2,100 creative projects. At the event, a landmark report by Boston Consulting Group titled ‘From Content to Commerce’ spotlighted India’s booming creator economy. It has revealed that the creative economy related activities drive over 350 billion dollar in consumer spending, which is a figure projected to cross one trillion dollar by 2030.

    With around 2.5 million active creators, India hosts one of the world’s youngest and largest digital communities. Yet, only 8-10% currently monetise meaningfully, pointing to a vast untapped economic opportunity. Creators now influence over 30% of consumer purchases through diverse content forms like short videos, tutorials and live streams. Genres like comedy, film and fashion dominate, but sectors like gaming, wellness and finance are also rapidly growing.

    The report positions India as a global content studio, powered by its linguistic diversity, cultural depth, and digital talent. With a 40-60% cost edge in animation and VFX and 25% of Indian OTT content viewed overseas, India is emerging as a hub of cultural diplomacy and soft power.

    Importantly, the creator economy is expanding beyond Gen Z and metros, reaching smaller towns, regional markets and multilingual audiences. Brands are shifting from traditional ads to creator-led campaigns, while new revenue models like virtual gifting, live commerce and fan funding are empowering creators financially.

    WAVES 2025 showcased this evolution as more than entertainment. Creators are now key drivers of commerce, culture and innovation. With supportive policies, investor’s interest and educational initiatives, India’s creator economy is poised to become a global force. The white paper on India’s Live Events Industry also highlighted the sector’s strong momentum and evolving consumer trends. Growing at a steady 15% annually, the industry added 13 billion dollar in revenue in 2024 alone.

    A notable shift is the rise of event-based tourism with nearly half a million fans traveling across cities to attend live shows. There’s also increasing demand for premium, curated experiences while tier-2 cities like Shillong, Vadodara and Jamshedpur are fast emerging as new cultural hubs.

    At WAVES 2025, Shantanu Narayen, CEO of Adobe highlighted India’s emergence as a global hub of creativity powered by digital tools and generative AI. With over 100 million content creators and 500 million OTT consumers, Narayen described India as the world’s next creative superpower. He showcased Adobe’s Firefly AI models and stressed ethical AI, content authenticity and creator attribution as vital for sustainable growth.

    On the occasion, YouTube CEO Neal Mohan announced a 850 crore dollar investment to accelerate India’s creator economy, citing over 15,000 Indian channels with more than one million subscribers. Joined by global creators Mark Rober and Gautami Kawale (Slayy Point), Mohan underlined YouTube’s role in taking Indian stories global. India isn’t just leading in music and film, it’s now a creator nation, he said. Kawale shared how regional Indian content, when rooted in culture, has universal appeal, while Rober spoke about the power of STEM content crossing borders through AI-enabled dubbing and localization.

    Mark Read, CEO of WPP, described the advertising industry’s one trillion dollar global footprint and its shift towards AI-led storytelling. He unveiled WPP’s open video production platform and shared a campaign featuring Shah Rukh Khan to demonstrate hyper-personalized content creation using motion AI. AI is not replacing creativity, it is expanding it, Read said, outlining the role of MSMEs and digital tools in democratizing access to quality advertising.

    Without doubt, WAVES 2025 marked a transformative moment for India’s creative economy, positioning the country as a global powerhouse of content, culture and innovation. From unlocking multi-billion-dollar opportunities to showcasing India’s rich storytelling traditions, the summit underscored the vast potential of the Orange Economy in shaping the future of commerce and cultural influence. With strong government backing, global collaborations, technological advancements like AI and growing investor confidence, India is not just participating in the global creative revolution, it is also in a position to lead it. As the world increasingly turns to stories that inspire, inform and connect, India stands ready to rise with its immense creative potential.

  • MIL-OSI Asia-Pac: LCSD invites partner for Victoria Park Bazaar

    Source: Hong Kong Government special administrative region – 4

         The Leisure and Cultural Services Department (LCSD) today (July 11) invited interested parties to submit proposals to become a partner to organise the cultural and creative arts bazaar at Victoria Park (Victoria Park Bazaar).

         The Working Group on Developing Tourist Hotspots, led by the Deputy Chief Secretary for Administration, announced nine hotspot projects on May 20, 2025, including setting up a Victoria Park Bazaar. The bazaar will operate from mid-December 2025 to November 2026, featuring about 30 stalls and a variety of thematic activities to enhance community vibrancy and enrich visitor experience, as well as developing as a vibrant, tasteful, and appealing tourism hotspot. 

         The LCSD is inviting interested registered companies, organisations, and non-governmental organisations providing youth services or possessing experience in operating bazaars to attend a briefing session to be held at 11am on July 23, 2025 (Wednesday), at the Press Room of Victoria Park Swimming Pool (details in annex (Chinese version only)), at which the detailed arrangements for the Victoria Park Bazaar and the requirements on proposals will be explained.

         For further information, please contact Mr Lo (2890 4298) or Mr Chan (2890 4204) of the Victoria Park Management Office.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

    VANCOUVER, British Columbia, July 11, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce that it has today lodged a prospectus (“Prospectus”) with the Australian Securities and Investments Commission (“ASIC”) for an initial public offering to raise proceeds of A$75.0 million (before associated costs) (“Offer”). The Prospectus will assist the Company to meet the requirements of the Australian Securities Exchange (“ASX”) and satisfy Chapters 1 and 2 of the ASX Listing Rules, as part of the Company’s application for admission to the official list of the ASX.

    Under the Prospectus, the Company is offering 65,789,474 CHESS Depository Interests (“CDIs”) over fully paid common shares in the capital of the Company (“Shares“) at an offer price of A$1.14 per CDI (the “Offer Price”) to raise gross proceeds of A$75.0 million. Each CDI represents a beneficial interest in one Share.

    The Company has entered into an underwriting agreement (“Underwriting Agreement”) with Canaccord Genuity (Australia) Limited (“Canaccord”) under which Canaccord has been appointed as lead manager, bookrunner and underwriter to the Offer. Canaccord has agreed, subject to customary conditions, to underwrite applications for all CDIs under the Offer.

    Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP and BMO Capital Markets Corp. have been appointed as co-managers to the Offer.

    Patrick Downey, President and CEO stated, “We look forward to the ASX listing which will raise the Company’s profile by broadening its shareholder base and increase trading liquidity for all shareholders. The listing also represents an exciting opportunity for investors to participate in the Company’s growth strategy as we execute on our staged hard rock expansion at the Bomboré Mine which will significantly increase our annual gold production. First gold from the stage 1 hard rock plant is scheduled for Q4-2025 and production in 2026 from the combined oxide and stage 1 hard rock operations is forecasted to be 170,000 to 185,000 ounces. The stage 2 expansion is forecasted to increase the overall gold production profile at the Bomboré Mine to 220,000 to 250,000 ounces per annum. Subject to funding, ongoing studies and final Board approval, the stage 2 hard rock expansion will commence in H2-2025, with commissioning expected in Q4-2026.”

    The net proceeds of the Offer will be used for the ongoing advancement of stage 2 of the hard rock expansion, including procurement of mechanical and electrical equipment, freight to site, engineering design and construction plus commissioning of stage 2, as well as ongoing exploration at the Bomboré Mine, in addition to administration and working capital purposes.

    Additional details of the Offer and the ASX Listing

    • The Offer opened on July 11, 2025 and is expected to close on July 21, 2025.
    • Trading on the ASX is expected to commence on a normal settlement basis on or about August 8, 2025 under the ASX code “ORE” (subject to the Company satisfying ASX’s listing requirements, which it is currently working towards).
    • Using an exchange rate of A$0.895 = C$1.00, the Offer Price per CDI is approximately C$1.02 and the gross proceeds of the Offer is approximately C$67.1 million.
    • The Offer Price represents a 7.2% discount to Orezone’s closing price of C$1.10 on the Toronto Stock Exchange (“TSX”) on July 9, 2025, and an 8.5% discount to the five-day volume-weighted average price (“VWAP“) of C$1.115.

    In accordance with section 734(6) of the Australian Corporations Act 2001 (Cth), the Company advises in respect of the Offer of CDIs under the Prospectus:

    • The issuer of the CDIs is Orezone Gold Corporation (ARBN 686 478 875).
    • The Prospectus is available online for Australian residents only at: www.computersharecas.com.au/oreipooffer.
    • The Offer will only be made in, or accompanied by, a copy of the Prospectus.
    • A person should consider the Prospectus in deciding whether to acquire the CDIs.
    • Anyone who wishes to acquire the CDIs under the Offer will need to complete the application form that will be in, or will accompany, the Prospectus.
    • The Offer under the Prospectus will only be made available to persons receiving the Prospectus in Australia and certain investors in New Zealand, Hong Kong, Singapore, the United Kingdom, the European Union (excluding Austria), Switzerland, Canada (Alberta, British Columbia and Ontario) and the United States.

    The Offer is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including any approvals of the ASX, TSX and applicable securities regulatory authorities.  

    The Prospectus has not been filed with any securities commission in Canada and the CDIs may not be offered or sold within Canada or for the account of any Canadian residents except in transactions exempt from, or not subject to, the prospectus and registration requirements of applicable Canadian securities laws.

    A copy of the Prospectus, containing full details of the Offer, will be available on SEDAR+ (www.sedarplus.ca) under Orezone’s profile.

    About Orezone Gold Corporation

    Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A.  

    The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

    Contact Information

    Patrick Downey
    President and Chief Executive Officer

    Kevin MacKenzie
    Vice President, Corporate Development and Investor Relations

    Tel: 1 778 945 8977
    info@orezone.com / www.orezone.com

    For further information please contact Orezone at +1 (778) 945 8977 or visit the Company’s website at www.orezone.com.

    The Toronto Stock Exchange nor the Canadian Investment Regulatory Organization neither approves nor disapproves the information contained in this news release.

    Cautionary Note – United States

    The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or the securities laws of any state or other jurisdiction in the United States, and may not be offered or sold within the United States except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable US state securities laws. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

    Cautionary Note Regarding Forward-Looking Statements

    This press release and the Prospectus contain “forward-looking statements” and “forward-looking information”, including statements and forecasts which include (without limitation) expectations regarding the financial position of the Company, production targets, the Offer and the terms thereof, ASX listing, the stage 1 and stage 2 hard rock expansions, industry growth and other trend projections, future strategies, results and outlook of the Company and the opportunities available to the Company. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “is expecting”, “budget”, “outlook”, “scheduled”, “target”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved. Such information is based on assumptions and judgments of the Company regarding future events and results. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, targets, performance or achievements of the Company to be materially different from any future results, targets, performance or achievements expressed or implied by the forward-looking information.

    Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. Past performance is not a guide to future performance. Key risk factors associated with an investment in the Company are detailed in Section 4 of the Prospectus. These and other factors could cause actual results to differ materially from those expressed in forward-looking statements.

    Forward-looking information and statements (including the Company’s belief that it has a reasonable basis to expect it will be able to fund the hard rock expansion at the Bomboré Mine, the Offer and the ASX listing) are (further to the above) based on the reasonable assumptions, estimates, analysis and opinions of the Company made in light of its perception of trends, current conditions and expected developments, as well as other factors that the Company believes to be relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking statements and information (including as described throughout the Prospectus) are reasonable, readers are cautioned that this is not exhaustive of all factors which may impact on the forward-looking information. The Company does not undertake to update any forward-looking information or statements, except in accordance with applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.

    The MIL Network –

  • MIL-OSI: CIB Marine Bancshares, Inc. Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, Wis, July 11, 2025 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and six months ended June 30, 2025. During the quarter, net interest income and mortgage operations both improved operating results on a quarterly and year-to-date basis as further outlined below.

    Net income for the quarter was $0.7 million, or $0.50 basic and $0.48 diluted earnings per share, compared to $0.5 million, or $0.34 basic and $0.25 diluted earnings per share, for the same period of 2024 excluding the effects of the sale-leaseback transaction gain on sale reported in the second quarter of 2024. Net income for the six months ended June 30, 2025, was $1.0 million, or $0.74 basic and $0.71 diluted earnings per share, compared to $0.6 million, or $0.80 basic and $0.35 diluted earnings per share, for the same period of 2024 also excluding the effects of the sale-leaseback transaction gain on sale.

    Financial highlights for the quarter and six months ended June 30 include:

    • Net interest margin increased to 2.69% from 2.62% in the first quarter of 2025 and 2.38% in the second quarter of 2024. The cost of funds declined 51 basis points compared to the same quarterly period last year, due to the repricing of interest-bearing liabilities in a lower-cost interest rate environment, while yields on earning assets declined by 16 basis points. The net interest margin improved to 2.65% for the six months ended June 30, 2025, compared to 2.34% for the same period of 2024 as the cost of funds declined 45 basis points compared to a 10 basis point decline in yields on earning assets. Net interest income rose $0.3 million for the quarter compared to the same period of 2024, and $0.6 million for the six months ended June 30th compared to the same period of 2024.
    • Although quarter-end loan balances declined $19 million from March 31, 2025, and $32 million from December 31, 2024, the allowance for credit losses to loans rose from 1.26% at December 31, 2024, and 1.29% at March 31, 2025, to 1.32% at June 30, 2025, primarily due to continued deterioration in the Federal Reserve’s economic forecasts used in the Company’s credit loss analysis. Non-performing assets to total assets were 0.68% and non-accrual loans to loans were 0.85% on June 30, 2025, compared to 0.67% and 0.84% on March 31, 2025, and 0.68% and 0.81% on December 31, 2024, respectively. Business plans continue to include higher loan balances by year-end 2025, primarily driven by anticipated growth in the commercial segments. Non-performing loans, other real estate loans, modified loans to borrowers experiencing financial difficulty and loans 90 days or more past due but still accruing to total assets increased to 1.85% at June 30, 2025, compared to 0.97% at March 31, 2025, and 0.98% at December 31, 2024. The increase was primarily due to two commercial loans—one in the transportation industry and the other in manufacturing—that were both 90 days or more past due but still accruing interest and in the collection process. Since June 30, 2025, one of the loans has been brought current and the adjusted ratio would be 1.43%.
    • The Banking Division reported net income of $1.6 million for the six months ended June 30, 2025, a $0.4 million improvement over the same period in 2024 excluding the sale-leaseback transaction gain on sale, driven primarily by higher net interest margins and continued cost controls. The Mortgage Division’s $0.1 million net loss for the six months ended June 30, 2025, is an improvement of $0.1 million from the prior year. This modest progress reflects the decline in lending staff noted in the first-quarter earnings release. The net remaining Other Division, comprised primarily of parent company operations, had a net loss of $0.5 million with roughly one-third of that amount attributed to subordinated debt interest expense. Although the parent company has a $2 million line of credit, no draws have been made on that potential funding source to date.

    Mr. J. Brian Chaffin, CIB Marine’s President and CEO, commented, “Net interest margins continue to improve as we actively manage our cost of funds in a lower rate environment compared to last year. This contributed to stronger operating results from our Banking Division. While loan balances declined again, our commercial group continues to build the loan pipeline, and we anticipate higher balances by year-end. The Mortgage Division showed modest improvement despite ongoing challenges in the residential mortgage market. Although mortgage production is expected to be lower than last year due to lender staff reductions, our current team is well-positioned to maintain consistent performance in a competitive market. Expense controls continue to support improved operating results.”

    He added, “In February, we launched our 2025 common stock repurchase program, authorizing up to $1 million in share buybacks. During the second quarter of 2025, we repurchased 8,083 shares through open market transactions for a total of $262,000, at an average price of $32.37 per share. Year to date, we have repurchased 15,512 shares for a total of $497,000, at an average price of $32.02 per share. Barring unforeseen factors, we intend to complete our 2025 common stock repurchase program during the second half of the year, using available resources including $0.7 million in cash on hand at the parent company, our $2 million line of credit, and other potential sources such as a possible capital distribution from CIBM Bank.”

    CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates nine banking offices in Illinois, Wisconsin, and Indiana, and has mortgage loan officers and/or offices in six states. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

    FORWARD-LOOKING STATEMENTS
    CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

    There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

    Stockholders should note that many factors, some of which are discussed elsewhere in this Earnings Release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

    • operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
    • economic, political, and competitive forces affecting CIB Marine’s banking business;
    • the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
    • the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

    These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

    FOR INFORMATION CONTACT:
    J. Brian Chaffin, President & CEO
    (217) 355-0900
    brian.chaffin@cibmbank.com

    CIB MARINE BANCSHARES, INC.
    Selected Unaudited Consolidated Financial Data
                     
      At or for the
      Quarters Ended   6 Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
      (Dollars in thousands, except share and per share data)
    Selected Statement of Operations Data:                
    Interest and dividend income $ 11,017   $ 10,941   $ 11,408   $ 12,283   $ 12,052     $ 21,958   $ 23,853  
    Interest expense   5,541     5,652     6,259     6,707     6,897       11,193     13,737  
    Net interest income   5,476     5,289     5,149     5,576     5,155       10,765     10,116  
    Provision for (reversal of) credit losses   9     42     (332 )   (113 )   10       51     (18 )
    Net interest income after provision for                
    (reversal of) credit losses   5,467     5,247     5,481     5,689     5,145       10,714     10,134  
    Noninterest income (1)   1,765     1,552     1,724     2,897     6,904       3,317     8,531  
    Noninterest expense   6,311     6,373     6,678     7,163     6,904       12,684     13,325  
    Income before income taxes   921     426     527     1,423     5,145       1,347     5,340  
    Income tax expense   253     105     123     347     1,361       358     1,378  
    Net income (loss) $ 668   $ 321   $ 404   $ 1,076   $ 3,784     $ 989   $ 3,962  
                     
    Common Share Data:                
    Basic net income (loss) per share (2) $ 0.50   $ 0.24   $ 0.60   $ 0.79   $ 2.79     $ 0.74   $ 2.94  
    Diluted net income (loss) per share (2)   0.48     0.23     0.54     0.59     2.06       0.71     2.17  
    Dividend   0.00     0.00     0.00     0.00     0.00       0.00     0.00  
    Tangible book value per share (3)   59.55     58.46     57.37     57.80     55.36       59.55     55.36  
    Book value per share (3)   59.59     58.51     57.42     56.06     53.61       59.59     53.61  
    Weighted average shares outstanding – basic   1,349,613     1,348,995     1,357,737     1,357,259     1,356,255       1,344,573     1,348,440  
    Weighted average shares outstanding – diluted   1,397,365     1,396,274     1,507,344     1,833,586     1,833,881       1,392,090     1,826,911  
    Financial Condition Data:                
    Total assets $ 838,441   $ 852,018   $ 866,474   $ 888,283   $ 901,634     $ 838,441   $ 901,634  
    Loans   665,393     684,787     697,093     707,310     719,129       665,393     719,129  
    Allowance for credit losses on loans   (8,793 )   (8,818 )   (8,790 )   (8,973 )   (9,083 )     (8,793 )   (9,083 )
    Investment securities   126,795     124,109     120,339     120,349     123,814       126,795     123,814  
    Deposits   684,480     692,028     692,378     747,168     768,984       684,480     768,984  
    Borrowings   59,292     67,214     81,735     33,583     28,222       59,292     28,222  
    Stockholders’ equity   80,492     79,309     77,961     92,358     89,008       80,492     89,008  
    Financial Ratios and Other Data:                
    Performance Ratios:                
    Net interest margin (4)   2.69 %   2.62 %   2.44 %   2.55 %   2.38 %     2.65 %   2.34 %
    Net interest spread (5)   2.06 %   1.99 %   1.74 %   1.80 %   1.71 %     2.03 %   1.67 %
    Noninterest income to average assets (6)   0.83 %   0.73 %   0.82 %   1.25 %   3.09 %     0.78 %   1.91 %
    Noninterest expense to average assets   3.00 %   3.05 %   3.06 %   3.17 %   3.09 %     3.02 %   2.98 %
    Efficiency ratio (7)   87.24 %   93.65 %   96.17 %   85.32 %   57.19 %     90.35 %   71.34 %
    Earnings (loss) on average assets (8)   0.32 %   0.15 %   0.19 %   0.48 %   1.69 %     0.24 %   0.88 %
    Earnings (loss) on average equity (9)   3.36 %   1.65 %   1.94 %   4.71 %   17.92 %     2.52 %   9.38 %
    Asset Quality Ratios:                
    Nonaccrual loans to loans (10)   0.85 %   0.84 %   0.81 %   0.44 %   0.47 %     0.85 %   0.47 %
    Nonperformance assets to total assets (11)   0.68 %   0.67 %   0.68 %   0.38 %   0.41 %     0.68 %   0.41 %
    Nonaccrual loans, modified loans to borrowers experiencing                
    financial difficulty, loans 90 days or more past due and still                
    accruing to total loans (12)   2.33 %   1.21 %   1.19 %   1.62 %   1.38 %     2.33 %   1.38 %
    Nonaccrual loans, OREO, modified loans to borrowers                
    experiencing financial difficulty, loans 90 days or more past                
    due and still accruing to total assets (12)   1.85 %   0.97 %   0.98 %   1.32 %   1.14 %     1.85 %   1.14 %
    Allowance for credit losses on loans to total loans (10)   1.32 %   1.29 %   1.26 %   1.27 %   1.26 %     1.32 %   1.26 %
    Allowance for credit losses on loans to nonaccrual loans,                
    modified loans to borrowers experiencing financial difficulty loans                
    and loans 90 days or more past due and still accruing (10)   56.76 %   106.25 %   105.95 %   82.53 %   91.24 %     56.76 %   91.24 %
    Net charge-offs (recoveries) annualized                
    to average loans (10)   -0.02 %   -0.01 %   -0.01 %   -0.01 %   0.03 %     -0.01 %   0.03 %
    Capital Ratios:                
    Total equity to total assets   9.60 %   9.31 %   9.00 %   10.40 %   9.87 %     9.60 %   9.87 %
    Total risk-based capital ratio   13.55 %   13.34 %   13.02 %   14.54 %   13.90 %     13.55 %   13.90 %
    Tier 1 risk-based capital ratio   10.82 %   10.62 %   10.33 %   11.89 %   11.27 %     10.82 %   11.27 %
    Leverage capital ratio   8.54 %   8.40 %   8.14 %   9.30 %   8.93 %     8.54 %   8.93 %
    Other Data:                
    Number of employees (full-time equivalent)   144     152     165     170     172       144     172  
    Number of banking facilities   9     9     9     9     9       9     9  
                     
    (1) Noninterest income includes gains and losses on securities.
    (2) Net income available to common stockholders in the calculation of earnings per share includes the difference between the carrying amount less the consideration paid for redeemed preferred stock of $0.4 million for the quarter ended December 31, 2024.
    (3) Tangible book value per share is the stockholder equity less the carry value of the preferred stock and less the goodwill and intangible assets, divided by the total shares of common outstanding. Book value per share is the stockholder equity less the liquidation preference of the preferred stock, divided by the total shares of common outstanding. Book value measures are reported inclusive of the net deferred tax assets. As presented here, shares of common outstanding excludes unvested restricted stock awards.
    (4) Net interest margin is the ratio of net interest income to average interest-earning assets.
    (5) Net interest spread is the yield on average interest-earning assets less the rate on average interest-bearing liabilities.
    (6) Noninterest income to average assets excludes gains and losses on securities.
    (7) The efficiency ratio is noninterest expense divided by the sum of net interest income plus noninterest income, excluding gains and losses on securities.
    (8) Earnings on average assets are net income divided by average total assets.
    (9) Earnings on average equity are net income divided by average stockholders’ equity.
    (10) Excludes loans held for sale.
    (11) Nonperforming assets includes nonaccrual loans and securities and other real estate owned.
    (12) A large loan 90 days or more past due and still accruing was brought current after June 30, 2025. The adjusted ratio to total loans would be 1.80% and to total assets 1.43%.
    CIB MARINE BANCSHARES, INC.  
    Consolidated Balance Sheets (unaudited)  
                 
      June 30, March 31, December 31, September 30, June 30,  
        2025     2025     2024     2024     2024    
      (Dollars in Thousands, Except Shares)  
    Assets            
    Cash and due from banks $ 10,363   $ 7,717   $ 6,748   $ 13,814   $ 10,690    
    Reverse repurchase agreements   –     –     –     –     –    
    Securities available for sale   124,618     121,939     118,206     118,145     121,687    
    Equity securities at fair value   2,177     2,170     2,133     2,204     2,127    
    Loans held for sale   7,733     7,685     13,291     19,472     17,897    
                 
    Loans   665,393     684,787     697,093     707,310     719,129    
    Allowance for credit losses on loans   (8,793 )   (8,818 )   (8,790 )   (8,973 )   (9,083 )  
    Net loans   656,600     675,969     688,303     698,337     710,046    
                 
    Federal Home Loan Bank Stock   3,401     2,607     2,607     2,238     2,238    
    Premises and equipment, net   1,660     1,486     1,570     1,526     1,569    
    Accrued interest receivable   2,733     2,680     2,651     2,926     3,230    
    Deferred tax assets, net   12,160     12,529     12,955     12,796     14,840    
    Other real estate owned, net   –     –     200     211     283    
    Bank owned life insurance   6,536     6,486     6,437     6,388     6,340    
    Goodwill and other intangible assets   64     64     64     64     64    
    Other assets   10,396     10,686     11,309     10,162     10,623    
    Total assets $ 838,441   $ 852,018   $ 866,474   $ 888,283   $ 901,634    
                 
    Liabilities and Stockholders’ Equity            
    Deposits:            
    Noninterest-bearing demand $ 87,479   $ 98,403   $ 86,886   $ 95,471   $ 95,457    
    Interest-bearing demand   74,921     77,620     84,833     90,095     86,728    
    Savings   226,663     232,046     224,960     234,969     244,595    
    Time   295,417     283,959     295,699     326,633     342,204    
    Total deposits   684,480     692,028     692,378     747,168     768,984    
    Short-term borrowings   49,514     57,444     71,973     23,829     18,477    
    Long-term borrowings   9,778     9,770     9,762     9,754     9,745    
    Accrued interest payable   1,656     1,614     1,911     2,101     2,145    
    Other liabilities   12,521     11,853     12,489     13,073     13,275    
    Total liabilities   757,949     772,709     788,513     795,925     812,626    
                 
    Stockholders’ Equity            
    Preferred stock, $1 par value; 5,000,000 authorized shares at periods prior to December 31, 2024; 7% fixed rate noncumulative perpetual issued; 14,633 shares of series A and 1,610 shares of series B; convertible; $16.2 million aggregate liquidation preference   –     –     –     13,806     13,806    
    Common stock, $1 par value; 75,000,000 authorized shares; 1,385,842 and 1,372,642 issued shares; 1,351,397 and 1,358,473 outstanding shares at June 30, 2025 and December 31, 2024, respectively (1)   1,386     1,383     1,372     1,372     1,372    
    Capital surplus   181,908     181,801     181,708     181,603     181,486    
    Accumulated deficit   (98,498 )   (99,167 )   (99,487 )   (100,297 )   (101,373 )  
    Accumulated other comprehensive income (loss), net   (3,273 )   (3,939 )   (5,098 )   (3,592 )   (5,749 )  
    Treasury stock, 35,167 shares on June 30, 2025 and 14,791 shares December 31, 2024 (2)   (1,031 )   (769 )   (534 )   (534 )   (534 )  
    Total stockholders’ equity   80,492     79,309     77,961     92,358     89,008    
    Total liabilities and stockholders’ equity $ 838,441   $ 852,018   $ 866,474   $ 888,283   $ 901,634    
                 
    (1) Both issued and outstanding shares as stated here exclude 46,686 shares and 42,259 shares of unvested restricted stock awards at June 30, 2025 and December 31, 2024, respectively.
    (2) Treasury stock includes 722 shares held by subsidiary bank CIBM Bank.  
                 
    CIB MARINE BANCSHARES, INC.  
    Consolidated Statements of Operations (Unaudited)  
                       
      At or for the  
      Quarters Ended   6 Months Ended  
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,  
        2025     2025     2024     2024     2024       2025     2024    
      (Dollars in thousands)  
                       
    Interest Income                  
    Loans $ 9,653   $ 9,623   $ 9,999   $ 10,573   $ 10,582     $ 19,276   $ 20,976    
    Loans held for sale   149     137     215     300     213       286     355    
    Securities   1,186     1,150     1,151     1,183     1,217       2,336     2,448    
    Other investments   29     31     43     227     40       60     74    
    Total interest income   11,017     10,941     11,408     12,283     12,052       21,958     23,853    
                       
    Interest Expense                  
    Deposits   4,795     5,029     5,638     6,354     6,466       9,824     12,693    
    Short-term borrowings   625     504     500     232     310       1,129     803    
    Long-term borrowings   121     119     121     121     121       240     241    
    Total interest expense   5,541     5,652     6,259     6,707     6,897       11,193     13,737    
    Net interest income   5,476     5,289     5,149     5,576     5,155       10,765     10,116    
    Provision for (reversal of) credit losses   9     42     (332 )   (113 )   10       51     (18 )  
    Net interest income after provision for                  
    (reversal of) credit losses   5,467     5,247     5,481     5,689     5,145       10,714     10,134    
                       
    Noninterest Income                  
    Deposit service charges   65     59     55     63     67       124     133    
    Other service fees   (10 )   (9 )   (5 )   (5 )   1       (19 )   (4 )  
    Mortgage banking revenue, net   1,424     1,140     1,564     2,264     2,166       2,564     3,375    
    Other income   279     177     192     150     273       456     436    
    Net gains on sale of securities available for sale   0     0     0     0     0       0     0    
    Unrealized gains (losses) recognized on equity securities   7     36     (71 )   78     (14 )     43     (32 )  
    Net gains (loss) on sale of SBA loans   0     161     0     420     0       161     202    
    Net gains on sale of assets and (writedowns)   0     (12 )   (11 )   (73 )   4,411       (12 )   4,421    
    Total noninterest income   1,765     1,552     1,724     2,897     6,904       3,317     8,531    
                       
    Noninterest Expense                  
    Compensation and employee benefits   4,060     4,066     4,344     4,852     4,700       8,126     8,989    
    Equipment   583     559     467     504     457       1,142     919    
    Occupancy and premises   519     549     500     495     391       1,068     827    
    Data Processing   212     221     220     243     208       433     420    
    Federal deposit insurance   101     129     144     182     219       230     418    
    Professional services   218     278     240     254     219       496     418    
    Telephone and data communication   57     52     74     51     51       109     107    
    Insurance   75     64     71     78     80       139     161    
    Other expense   486     455     618     504     579       941     1,066    
    Total noninterest expense   6,311     6,373     6,678     7,163     6,904       12,684     13,325    
    Income from operations                  
    before income taxes   921     426     527     1,423     5,145       1,347     5,340    
    Income tax expense   253     105     123     347     1,361       358     1,378    
    Net income (loss)   668     321     404     1,076     3,784       989     3,962    
    Preferred stock dividend   0     0     0     0     0       0     0    
    Discount from repurchase of preferred
    stock    		   0     0     406     0     0       0     0    
    Net income (loss) allocated to                  
     common stockholders $ 668   $ 321   $ 810   $ 1,076   $ 3,784     $ 989   $ 3,962    
                       

    The MIL Network –

  • MIL-OSI Australia: New Meadowbrook Health Centre providing more care, closer to home

    Source: Australian Parliamentary Secretary to the Minister for Industry

    The Meadowbrook Health Centre promised during the 2019 federal election and fully funded by the Albanese Labor Government is now open to patients.

    It will provide better healthcare, quicker and closer to home for thousands of people.

    The Albanese Government has officially handed over the $33.4 million centre to be operated by Queensland Health.

    Federal Minister for Health Mark Butler said the centre will provide care to the Logan community from today and into the future.

    “The Albanese Government’s $33.4 million investment builds on our reforms to strengthen Medicare and ensure people get the care they need, where they need it,” he said.

    “This centre will keep locals out of busy hospital emergency departments.”

    Located opposite the Logan Hospital, the centre includes a minor injury and illness clinic which is open now, enabling residents to access vital non‑life‑threatening care without needing to go to the hospital emergency department.

    This new centre will work as part of an established urgent care service network with the Logan Medicare Urgent Care Clinic also operating nearby.

    Federal Treasurer and Member for Rankin Jim Chalmers said along with a minor injury and illness clinic, the centre included a women’s health outpatient centre providing gynaecology and antenatal services which would open soon.

    “This is a gamechanger for our local area,” he said.

    “This new centre will ease pressure on the emergency department at Logan Hospital and it will give our community easier access to quality care.

    “It means better healthcare, quicker and closer to home for thousands of people in our community.”

    Queensland Minister for Health and Ambulance Services Tim Nicholls said the opening of the Meadowbrook Health Centre and the new Minor Injury and Illness Clinic was a valuable addition to the Logan community.

    “We are doing all we can to take the load off our busy EDs and this new clinic is vital in ensuring patients who don’t need to be in emergency can get the medical care they need in a timely fashion,” Minister Nicholls said.

    “These facilities are designed to provide members of the community with same day walk‑in, walk‑out care and services for non‑life‑threatening conditions.”

    The Crisafulli Government will ensure ongoing delivery of services at the centre through continual funding.

    Member for Forde Rowan Holzberger said he was pleased to see this investment from the Albanese Labor Government delivering real benefits for his community through this new health centre.

    “My priority is delivering for our local community and the new health centre is a great example of how we are responding to the needs of the community,” he said.

    “The new health centre at Meadowbrook will ease the pressure on nearby health facilities, which are already operating at capacity, as well as provide local families with the reassurance they deserve to know they can get treatment for their loved ones when and as they need it.”

    Metro South Health Chief Executive Noelle Cridland said the Meadowbrook Health Centre would support and work in collaboration with Logan Hospital.

    She said Metro South Health was proud to provide another modern, accessible, convenient facility designed to provide better access to care, including women’s health services previously located at Logan Hospital.

    “We have already seen an amazing response from people attending the Satellite Health Centre’s at Eight Mile Plains and Redlands, so I’m thrilled that Logan residents will have the same opportunity to access free, high‑quality care locally in this rapidly growing community,” Ms Cridland said.

    Meadowbrook Health Centre Facility Manager Tracey McTigue said patients could walk in at any time during opening hours to access care in the Minor Injury and Illness Clinic.

    “The Minor Injuries and Illness Clinic on the ground floor will be open from 8am to 10pm daily to treat simple fractures, sprains and strains, fevers and coughs, head injuries without loss of consciousness, and a range of other non‑life‑threatening conditions,” Ms McTigue said.

    MIL OSI News –

  • MIL-OSI Economics: Samsung Expands Tizen OS Licensing Program with New Global Partners and Enhanced Offerings

    Source: Samsung

    Samsung Electronics today announced a significant expansion of the Samsung Tizen OS Licensing Program, reinforcing its position as a leading provider of smart TV operating systems.
     
     
    Tizen OS Continues To Grow As Reliable Smart TV Platform
    Following the launch of Samsung Tizen OS 8.0, the licensing program now includes prominent original design manufacturers (ODMs). This marks an important milestone in the evolution of the Tizen ecosystem and demonstrates strong global demand for Samsung’s acclaimed smart TV platform. In its licensing program, Samsung continues to build strategic partnerships with companies that prioritize high-quality products and reliable support throughout the entire value chain.
     
    Additionally, Samsung Tizen OS will be embedded in new TVs from well-known brands in key markets, enhancing its presence across Europe, North and Latin America, and Australia. Notable new additions include EKO and QBELL (Ayonz) in Australia and Europe, RCA (Kayve Groupo) in Mexico, RCA (Treasure Creek) in the United States and Canada, and Axdia in Germany. Many more brands are expected to join in the second half of 2025 as Samsung continues to expand its strategic partnerships into new markets.
     

     
    “We are proud to expand our RCA TV portfolio across Mexico and Latin America through our partnership with Samsung’s Tizen OS,” said Jonathan Vera, Head of Marketing & Communications, Grupo Kayve. “The Tizen team provides comprehensive technical and marketing support, enabling an agile go-to-market process.”
     
    “Partnering with Samsung on Tizen OS allows us to deliver high-quality and competitive smart TV solutions to our global brand customers,” said Gerard Louis, Chief Operating Officer (COO) at Axdia,
     
     
    Premium Content and Connectivity at Core of Tizen OS-Powered Smart TVs
    Samsung is also dedicated to continuous platform innovation, introducing smart features such as advanced content discovery, integration with Samsung TV Plus for FAST channel services, cloud gaming capabilities via Samsung Gaming Hub, and seamless multi-device connectivity through SmartThings. These enhancements ensure that licensees benefit not only from proven technology but also from a forward-looking platform that adapts to evolving consumer expectations.
     
    To further differentiate Tizen-powered TVs at retail, Samsung offers tailored marketing kits and digital content toolkits for each region, enabling partners to highlight key attributes such as premium content access, fast performance, and smart connectivity—all backed by Samsung’s robust global brand credibility.
     
    As the Tizen OS Licensing Program evolves to meet the needs of global partners, Samsung is broadening regional coverage, introducing more affordable hardware solutions, and enhancing app availability worldwide. Moreover, partners can gain access to Samsung’s specialized R&D support to confidently bring Tizen-powered smart TVs to market.
     

     
    “Tizen OS is recognized for its performance, reliability, and innovation,” said Jooyoung Kim, Vice President at Samsung Electronics. “This year, we are focused on expanding our licensing program and creating diverse collaboration strategies for our key partners. We are serious about growing our global partner network and enhancing the ecosystem. By offering expanded regional support, an enriched app ecosystem, and tailored marketing resources, we aim to deliver even greater value to consumers worldwide.”
     
    With Tizen OS extending beyond Samsung’s own TV offerings, the company remains steadfast in its commitment to delivering an open, robust, and premium smart TV experience for consumers around the world.

    MIL OSI Economics –

  • MIL-OSI NGOs: Job Opening: Assistant to Country Director

    Source: Greenpeace Statement –

    This is a full-time permanent position based in Manila Office. Candidates who have the legal right to work and live in the Philippines are encouraged to apply.

    About the Role

    The Assistant to Country Director is expected to assist the Country Director (CD) in program operations by providing administrative, finance, and logistical support to the CD and the GPPH program team as a whole, and by monitoring country program deliverables and budgets. The role includes improving and implementing management systems and procedures primarily in the areas of programme planning, monitoring, evaluation and learning, financial oversight of the country programme budget and expenditures, and ensuring the provision of logistical and administrative support to programmes and projects in the country. In certain cases, the incumbent may be asked to provide other modes of support that are more campaign focused, such as providing input to strategies and plans, and helping produce outputs. This is a full-time position based in Quezon City, Philippines.

    Duties and Responsibilities:

    • Understand administrative, finance and logistical needs of the different campaign and programme teams, as well as of the CD and Country Coordination Team, and ensure consistency, accuracy and timeliness
    • Provide necessary administrative, finance and logistical support to assist the CD and country programme team in day to day project needs and implementation
    • Regularly monitor and keep track of programme and project expenditures in coordination with budget holders, finance staff and the Regional Program Operations Coordinator
    • Depending on circumstances, provide other modes of support that are more campaign focused, such as providing input to strategies and plans, and helping produce outputs
    • Help monitor country programme and country 3YSP deliverables, and help in the preparation and submission of reports
    • Provide administrative assistance to the Country Coordination Team
    • Participate in the GPSEA Program Support Team
    • Participate in programme discussions and planning regarding strategic issues within GPSEA
    • Help coordinate and facilitate information flow within GPSEA regarding programme developments and operations
    • Coordinate between CD and program and project teams, and other departments and external suppliers
    • Help organize and oversee the work of PH Programme interns, project volunteers and other short-term contractors when required
    • Assist in the coordination with organizational partners and allies, government agencies, and other external parties, and act as a liaison when assigned
    • Ensure logistical support, reports, and program and budget monitoring are delivered in a timely manner to support the smooth functioning of the program department
    • Ensure quality and reliability through the consistent provision of support aligned with the policies and principles of the organization

    Skills and Experience Requirements:

    • Bachelor’s degree
    • At least 3 years of relevant experience in providing organizational support

    Functional Skills:

    • Excellent communications skills in English and Filipino (both written and oral)
    • Strong documentation, writing and presentation skills. 
    • Proven ability to prepare meeting minutes and reports
    • Demonstrated ability in planning and organizing meetings
    • Excellent computer skills including mastery of program on database management and budget preparation
    • Ability to carry out budget forecasting and prepare annual budgets for the program team
    • Networking skills and ability to communicate with a wide range of sectors and organizations
    • Proven record of keeping confidential information
    • Adapt at working with people of different cultures
    • Ability to work effectively in a team but also to work independently and unsupervised.

    Organizational Skills:

    • Professionalism:  Knowledge and/or experience in managing conduct and emotions in a way that represents the values and realizes the objectives of the organization
    • Quality: Knowledge and/or experience in meeting and surpassing requirements by setting high standards for the condition of outputs
    • Teamwork & Communication: Knowledge and/or experience in working with others and presenting information, ideas, and positions in a clear manner that can easily be understood across diverse and multicultural audiences

    Greenpeace’s Commitment to Diversity and Inclusion

    Greenpeace values diversity as essential to its mission and success. The organisation fosters an inclusive environment that respects varied cultural experiences and perspectives, promoting solutions rooted in social and environmental justice.

    Deadline for applications: July 24, 2025

    Jobs

    Do you have a passion for this planet and want to do more? Work with us!

    TAKE ACTION

    MIL OSI NGO –

  • MIL-OSI United Nations: 11 July 2025 Joint News Release WHO, ITU, WIPO showcase a new report on AI use in traditional medicine

    Source: World Health Organisation

    Artificial intelligence (AI) is ushering in a transformative era for traditional medicine, one where centuries-old healing systems are enhanced by cutting-edge technologies to deliver more safe, personalized, effective, and accessible care.

    At the AI for Good Global Summit, the World Health Organization (WHO), the International Telecommunication Union (ITU), and the World Intellectual Property Organization (WIPO) released a new technical brief, Mapping the application of artificial intelligence in traditional medicine. Launched under the Global Initiative on AI for Health, this brief offers a roadmap harnessing this potential responsibly while safeguarding cultural heritage and data sovereignty.

    A new era for traditional medicine

    Traditional, complementary and integrative medicine (TCIM) is practiced in 170 countries and is used by billions of people. The TCIM practices are increasingly popular globally, driven by a growing interest in holistic health approaches that emphasize prevention, health promotion and rehabilitation.

    The new brief showcases experiences in many countries using AI to unlock new frontiers in personalized care, drug discovery, and biodiversity conservation. It includes examples such as how AI-powered diagnostics are being used in Ayurgenomics; machine learning models identifying medicinal plants in countries including Ghana and South Africa; and the use of AI to analyze traditional medicine compounds to treat blood disorders in the Republic of Korea.

    “Our Global Initiative on AI for Health aims to help all countries benefit from AI solutions and ensure that they are safe, effective, and ethical,” said Seizo Onoe, Director of the ITU Telecommunication Standardization Bureau. “This partnership of ITU, WHO and WIPO brings together the essential expertise.”

    Data-driven innovation with ethical roots

    The brief emphasizes the importance of good-quality, inclusive data and participatory design to ensure AI systems reflect the diversity and complexity of traditional medicine. AI applications can support strengthening the evidence and research base for TCIM, for example through the Traditional Knowledge Digital Library in India and the Virtual Health Library in the Americas, which use AI to preserve Indigenous knowledge, promote collaboration and prevent biopiracy. Biopiracy is a term for unauthorized extraction of biological resources and/or associated traditional knowledge from developing countries or the patenting of spurious inventions based on such knowledge or resources without compensation.

    “Intellectual property is an important tool to accelerate the integration of AI into traditional medicine,” said WIPO Assistant Director- General, Edward Kwakwa. “Our work at WIPO, including the recently adopted WIPO Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge, supports stakeholders manage IP to deliver on policy priorities including for Indigenous Peoples as well as local communities.”

    Guarding data sovereignty, empowering communities

    The new document calls for urgent action to uphold Indigenous Data Sovereignty (IDSov) and ensure that AI development is guided by free, prior, and informed consent (FPIC) principles. It showcases community-led data governance models from Canada, New Zealand, and Australia, and urges governments to adopt legislation that empowers Indigenous Peoples to control and benefit from their data.

    “AI must not become a new frontier for exploitation,” said Dr Yukiko Nakatani, WHO Assistant Director-General for Health Systems. “We must ensure that Indigenous Peoples and local communities are not only protected but are active partners in shaping the future of AI in traditional medicine.”

    A global call to action

    With the global TCIM market projected to reach nearly US$600 billion in 2025, the application of AI could further accelerate the growth and impact of TCIM and holistic health care. Current utilization and potential of AI highlight many opportunities, but there are many areas of knowledge gaps and risks.

    There is a need to develop holistic frameworks tailored to TCIM in areas such as regulation, knowledge sharing, capacity building, data governance and the promotion of equity, to ensure the safe, ethical and evidence-based integration of frontier technologies such as AI into the TCIM landscape.

    The new technical brief calls on all stakeholders to:

    • Invest in inclusive AI ecosystems that respect cultural diversity and IDSov;
    • Develop national policies and legal frameworks that explicitly address AI in traditional medicine;
    • Build capacity and digital literacy among traditional medicine practitioners and communities;
    • Establish global standards for data quality, interoperability, and ethical AI use; and
    • Safeguard traditional knowledge through AI-powered digital repositories and benefit-sharing models.

    By aligning the power of AI with the wisdom of traditional medicine, a new paradigm of care can emerge; one that honors the past, empowers the present, and shapes a healthier, more equitable future for all.

    MIL OSI United Nations News –

  • Security, trade in focus as Australia PM Albanese heads to China

    Source: Government of India

    Source: Government of India (4)

    Australian Prime Minister Anthony Albanese leaves for Shanghai on Saturday on an official visit to China where regional security tensions and efforts to grow economic ties are likely to dominate talks.

    Australia’s exports to China, its largest trading partner, span agriculture and energy but are dominated by iron ore, and Albanese will travel with executives from mining giants Rio Tinto RIO.AX, BHP BHP.AX and Fortescue FMG.AX and hold business events in three cities over six days.

    “The relationship in China means jobs in Australia, it’s as simple as that,” Albanese told reporters on Friday.

    Albanese’s second visit to Beijing, where he will meet President Xi Jinping, comes after Canberra stepped up screening of Chinese investment in critical minerals and as U.S. President Donald Trump rattles the global economy with sweeping import tariffs.

    Albanese is yet to meet Trump, after scheduled talks at the G7 were cancelled when the U.S. president left early. The United States, Australia’s major security ally, is reviewing the AUKUS nuclear submarine partnership amid concern selling submarines to Australia could weaken U.S. deterrence to China.

    Foreign Minister Penny Wong warned in a speech in Malaysia on Thursday that China continues to project military power regionally with an objective to change the balance of power, saying Beijing’s nuclear and conventional military build-up was “worrying”.

    AUKUS contributed to “collective deterrence in our region,” she said.

    Richard Maude, an Asia Society non-resident fellow and former Australian intelligence chief, said Albanese needed to expand the economic relationship with China but also “get through the visit in a way that makes clear to Australia’s close partners and to the Australian public that Australia is talking clearly and frankly to China about aspects of China’s behaviour that concern us”.

    The Chinese navy held live-fire exercises in the Tasman Sea between Australia and New Zealand with no advance warning in February, and there have been tense encounters between Australian and Chinese military aircraft in the disputed South China Sea.

    While Beijing is keen to move ties forward, its proposals for cooperation on artificial intelligence, for example, have already met with a cool response, said Maude, who wrote Australia’s 2017 foreign policy white paper.

    Australia’s two-way trade with China was worth A$312 billion last year, or a quarter of all Australian trade.

    Ties have stabilised since 2020 when China imposed unofficial bans on A$20 billion in Australian exports.

    Direct engagement with Chinese leaders was important for Australia’s security, Albanese told reporters on Friday.

    “We cooperate where we can and we disagree where we must, and we’re able to have those honest conversations about some of the disagreements that are there,” he said.

    Treasurer Jim Chalmers has said economic ties with China are a priority, but also complex.

    Australia’s increased screening of Chinese investment in critical minerals, renewable energy and key infrastructure is likely to be raised by Beijing, company executives told Reuters, although on Tuesday Chalmers said Australia would not ease its scrutiny.

    “The government understands it is not in Australia’s national interest to further increase China’s stranglehold on the critical minerals supply chain,” said Maude.

    Geoff Raby, a former Australian ambassador to China, said China would probably raise its ambition to join the 11-member regional trade pact, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which Australia chairs.

    “The most harmful thing is to adopt policies that force China to become more isolationist or which encourage those domestic forces in China who favour more inward-looking policies,” Raby said.

    Albanese will meet businesses in Shanghai on Monday, before travelling to Beijing for an annual leaders’ dialogue with Premier Li Qiang, and a company roundtable, and then head to the southwestern Chinese city of Chengdu.

    (Reuters)

     

  • MIL-OSI Security: Global human trafficking operation detects 1,194 potential victims, arrests 158 suspects

    Source: Interpol (news and events)

    11 July 2025

    LYON, France – A major operation against human trafficking has resulted in the detection of 1,194 potential victims and the arrest of 158 suspects. As part of ongoing investigations, an additional 205 human trafficking suspects have also been identified.

    The global crackdown focused on trafficking for the purpose of sexual exploitation, forced criminality and forced begging, with a special focus on underage victims. The operation engaged nearly 15,000 officers from 43 different countries and involved police, border guards, labour inspectors, as well as tax and customs authorities.

    Operation Global Chain (1 – 6 June 2025) was led by law enforcement in Austria and Romania, with coordination and support from INTERPOL, Europol and Frontex. It aimed to detect and disrupt high value targets and organized crime groups – responsible for most human trafficking cases – as well as safeguarding victims, identifying criminal assets and initiating follow-up investigations.

    Potential victims were reported from 64 different countries, with a majority from Romania, Ukraine, Colombia and China. Many of the victims had been trafficked across borders, and even continents, underlying the transnational nature of human trafficking schemes.  The majority of the victims of sexual exploitation identified through the operation were adult females. In contrast, underage victims were more commonly exploited through forced begging or forced criminal activities such as pickpocketing. Safeguarding these victims is often particularly challenging, as many are exploited by members of their own families.

    Two Hungarian police officers were deployed to conduct coordinated actions with German authorities.

    Police in Brazil took down a criminal network that trafficked victims to Myanmar for sexual exploitation.

    Moldovan police were among the nearly 15,000 participating officers worldwide.

    Thai police dismantled a prostitution ring involving minors, operating through a well-known social media platform.

    Albania seized weapons and safeguarded three Chinese victims of sexual exploitation who had been trafficked from Dubai.

    Romanian police officers were deployed to Switzerland to conduct joint actions.

    In Ukraine one female suspect was arrested for trafficking potential victims to Berlin for sexual exploitation.

    Police around the world seized weapons, drugs, cash and fraudulent documents during the action days.

    Operational highlights:

    During the operation, potential victims were reported from 64 different countries.

    43 different countries participated in Operation Global Chain.

    The global operation involved police, border guards, labour inspectors, as well as tax and customs authorities, including these officers in Moldova.

    The operation aimed to detect and disrupt high value targets and organized crime groups – responsible for most human trafficking cases.

    Operation Global Chain: On top of the 158 arrests, an additional 205 human trafficking suspects have been identified as part of ongoing operations.

    Brazilian police rescued a victim in southeast Asia via an INTERPOL Blue Notice.

    Ukrainian police carried out an undercover operation which exposed a trafficking scheme.

    Operation Global Chain led to the opening of 182 new investigations, including 15 transnational cases, as well as the publication of 14 new INTERPOL Notices and Diffusions.

    Significant seizures were also made, including:

    • EUR 277,669 in cash
    • One tonne of cannabis
    • 899 units of other narcotics
    • 30 firearms
    • 15 explosive components
    • 65 fraudulent documents
    • 5 real estate proprieties

    David Caunter, Director pro tempore of Organized and Emerging Crime at INTERPOL, said:

    “Human trafficking is a brutal and devastating crime that strips people of their dignity, freedom, and humanity, preying on the most vulnerable, including children. Operation Global Chain demonstrates the global nature of these criminal schemes and the power of international cooperation in disrupting them.”

    A transnational response to a transnational threat

    INTERPOL, Europol, and Frontex supported the operation through joint international coordination efforts. To assist officers on the ground and facilitate real-time information exchange, a coordination center was established at the Frontex headquarters in Warsaw, Poland. The center was staffed by 33 officials from participating countries, including experts deployed from INTERPOL, Europol, Ameripol and Frontex.  INTERPOL also provided access to its global databases and international Notices, in addition to delivering investigative and analytical support for cases that emerged or advanced during the operation.

    Throughout the operation days, countries acted on shared intelligence to raid known locations and carry out seizures. Law enforcement was also stepped up at hotspots and key transport hubs to identify both victims and suspects.

    During the six-day operation officers checked:

    • 924,392 people
    • 842,281 ID documents
    • 181, 954 vehicles
    • 5,745 flights and vessels
    • 20,783 locations

    Operation Global Chain was carried out under the framework of the European Multidisciplinary Platform Against Criminal Threats (EMPACT), with funding from INTERPOL’s I-FORCE Project and the German Federal Foreign Office.

    Participating countries: Albania, Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Kosovo*, Latvia, Lithuania, Luxemburg, Malta, Moldova, Montenegro, the Netherlands, Nigeria, North Macedonia, Poland, Portugal, Romania, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Thailand, Ukraine, United Kingdom, and Vietnam.

    * This designation is without prejudice to positions on status and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence.

    MIL Security OSI –

  • Rubio meets China’s Wang in Malaysia amid trade tension

    Source: Government of India

    Source: Government of India (4)

    U.S. Secretary of State Marco Rubio met with Chinese Foreign Minister Wang Yi in Kuala Lumpur on Friday, their first in-person meeting at a time of simmering trade tensions between the two major powers.

    Washington’s top diplomat is in Malaysia on his first trip to Asia since taking office, attending the East Asia Summit and ASEAN Regional Forum alongside counterparts from Japan, China, South Korea, Russia, Australia, India, the European Union and Southeast Asian states.

    His meeting with Wang comes amid escalating friction globally over U.S. President Donald Trump’s tariffs offensive, with China this week warning the United States against reinstating hefty levies on its goods next month.

    Beijing has also threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains.

    Rubio’s visit is part of an effort to renew U.S. focus on the Indo-Pacific region and look beyond conflicts in the Middle East and Europe that have consumed much of the Trump administration’s attention.

    But that has been overshadowed by this week’s announcement of steep U.S. tariffs on many Asian countries and U.S. allies that include 25% on Japan, South Korea and Malaysia, 32% for Indonesia, 36% for Thailand and Cambodia and 40% on Myanmar and Laos.

    Analysts said Rubio would be looking to press the case that the United States remains a better partner than China, Washington’s main strategic rival, during the visit. The State Department said Rubio met counterparts of Thailand, Cambodia and Indonesia on Friday.

    A day earlier, he told Southeast Asian foreign ministers the Indo-Pacific remained a focal point of U.S. foreign policy.

    China, initially singled out with tariffs exceeding 100%, has until August 12 to reach a deal with the White House to keep Trump from reinstating additional import curbs imposed during tit-for-tat tariff exchanges in April and May.

    ‘BULLYING BEHAVIOUR’

    China’s Wang has been fierce in his criticism of the United States in Kuala Lumpur and told Malaysia’s foreign minister the U.S. tariffs were “typical unilateral bullying behavior” that no country should support or agree with, according to remarks released by Beijing on Friday.

    He told Thailand’s foreign minister the tariffs had been abused and “undermined the free trade system, and interfered with the stability of the global production and supply chain”. During a meeting with his Cambodian counterpart, he said the U.S. levies were an attempt to deprive Southeast Asian countries of their legitimate right to development.

    “We believe that Southeast Asian countries have the ability to cope with complex situations, adhere to principled positions, and safeguard their own interests,” Wang said, according to China’s foreign ministry.

    The foreign secretary of U.S. ally the Philippines told Reuters on Friday President Ferdinand Marcos Jr would meet Trump in Washington this month and discussions would include the increase in the U.S. tariff on its former colony.

    Rubio told reporters on Thursday he would also likely raise with Wang U.S. concerns over China’s support for Russia in its war against Ukraine.

    “The Chinese clearly have been supportive of the Russian effort and I think that generally, they’ve been willing to help them as much as they can without getting caught,” he said.

    Rubio met together with Japanese foreign minister and South Korea’s first vice foreign minister in Malaysia on Friday, at a time of concerns about the tariffs.

    According to a U.S. State Department statement, they discussed regional security and a strengthening of their “indispensable trilateral partnership” including security and resilience of critical technologies and supply chains, energy, trusted digital infrastructure, and shipbuilding.

    (Reuters)

  • MIL-OSI Security: Defense News in Brief: Trilateral Naval Logistics Arrangement for Further Cooperation Signed

    Source: United States Navy

    BRISBANE, Australia – Senior U.S., Australian and Japanese flag officers agreed today to further enhance logistics interoperability among their maritime forces. Their intent is to enable deeper maritime cooperation among the three nations, building upon their enduring commitment to stability and security in the Indo-Pacific.

    MIL Security OSI –

  • MIL-OSI Australia: Arrest – Criminal damage – Alice Springs

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested a 22-year-old male in relation to a criminal damage incident that occurred at a restaurant in the Alice Springs CBD on Tuesday, where significant damage was caused to the premises.

    The offender was located and arrested by Alice Springs police a short time ago in The Gap. 

    He remains in custody and is expected to be charged with Damage to property, Armed with an offensive weapon and Possession of a prohibited weapon.

    MIL OSI News –

  • MIL-OSI Australia: Call for information – Assault – Nightcliff

    Source: Northern Territory Police and Fire Services

    The NT Police Force are calling for information in relation to an assault that occurred at the intersection of Dick Ward Drive and Progress Drive yesterday evening.

    About 10pm, the Joint Emergency Services Communication Centre received a report that a female was allegedly physically and sexually assaulted by a male who then ran from the area.

    Members of the public intervened and assisted police in locating the suspect, who was arrested a short time later. The 19-year-old male was taken into police custody and investigations are ongoing. The detail of any relationship between the parties forms part of the investigation.

    The victim was conveyed to the Royal Darwin Hospital for medical assessment.

    Detective Senior Sergeant Caragh Hen said, “This incident occurred in a very public place, in full view of pedestrians and motorists.  The reported offending is abhorrent and brazen and has no place in our Community.”

    Investigations remain ongoing and anyone with information is urged to contact police on 131 444 and reference job number NTP2500070146. Anonymous reports can be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    If you have CCTV or dashcam footage of the incident, it may be uploaded here: https://ntpol.au.evidence.com/axon/community-request/public/ntp2500070146

    The NT Police Force thanks the witnesses who intervened on this occasion to protect the victim and prevent further violence.

    If you or someone you know are experiencing difficulties due to violence, support services are available, including, but not limited to 1800RESPECT (1800 737 732) or Lifeline (131 114).

    MIL OSI News –

  • MIL-Evening Report: A new exhibition is a thoughtful examination of the lasting relationship between Asia and Australia

    Source: The Conversation (Au and NZ) – By Joanna Mendelssohn, Honorary Senior Fellow, School of Culture and Communication, The University of Melbourne

    Jacky Cheng, Imaginary Homelands, 2025, installation view, The Neighbour at the Gate, National Art School Gallery, Sydney, 2025. Image courtesy and © the artist, photograph: Peter Morgan

    Almost 60 years after former prime minister Harold Holt began to dismantle the White Australia Policy, The Neighbour at the Gate at Sydney’s National Art School Gallery presents a thoughtful examination of the consequences when good neighbours become good friends.

    Street posters promoting the exhibition feature an image of a magpie. Advertising always distorts. Pardu (Tirritpa) by James Tylor, who has Kaurna and Mãori heritage, is a series of groupings of exquisite small bird daguerreotypes. Their shadowed silver surface gives the impression of antiquity, which is Tylor’s intention.

    In Kaurna, the names of birds come from the songs they sing. This is also how birds are named in many Asian languages. Onomatopoeia makes a bridge between cultures. A QR code on the wall next to each grouped images of birds allows the viewer to hear blends of birdsong with human music.

    James Tylor, Pardu (detail), 2025, installation view, The Neighbour at the Gate, National Art School Gallery, Sydney, 2025.
    Image courtesy the artist and the National Art School © the artist, photograph: Peter Morgan

    Remembering the past

    The visitor enters the exhibition through Imaginary Homelands, Jacky Cheng’s installation in the shape of a traditional Chinese paifang (牌坊).

    The 1,110 strips of paper, with fragments of Chinese characters, represent a poem she learnt as child in Kuala Lumpur. But some of the language has been lost by the distortions of time. She now lives on Yawuru country (Broome), an Australian town with close links to many South East Asian cultures.

    In remembering her past, she grasps elements of her Malay Chinese heritage.

    Dennis Golding’s Bingo is possibly as fragmented a memory as Cheng’s. Golding, a Kamilaroi/Gamilaraay man, has made a tribute to the community space his Nan and Aunty created in an abandoned terrace house in the Block at Redfern, where at night they would play bingo.

    Dennis Golding, Bingo, 2025, installation view, The Neighbour at the Gate, National Art School Gallery, Sydney, 2025.
    Image courtesy and © the artist, photograph: Peter Morgan

    Each of the etchings scattered across the wall is the size of brick; each quotes small details of community life in Redfern before it was “discovered” by the gentrifiers. The exquisite etchings appear to be scattered at random, but a careful look will show the word “Bingo” in white in the spaces on the wall.

    Elham Eshraghian-Haakansson’s God of War is a beautiful and sensual video on love, rage, reconciliation and the emotional journey of being a refugee.

    Elham Eshraghian-Haakansson, God of War, 2025, installation view, The Neighbour at the Gate, National Art School Gallery, Sydney, 2025.
    Image courtesy and © the artist, photograph: Peter Morgan

    Eshraghian-Haakansson is a second generation Iranian-Australian whose work is shaped in part by the experience of her mother and grandmother, whose Baha’i faith placed them in peril in 1979 after the Ayatollahs seized power. The different segments of this elegant video are deliberately broken by rough insertions, giving it a sense of a work reclaimed from history.

    Along the water

    Jenna Mayilema Lee’s complex installation in three parts is both a universal statement on the integration that is the long-term consequence of the meeting of cultures, and a personal statement on her own circumstances.

    Each component – the photographic mural, the video and the billabong sculpture – can be seen as an independent work, but when combined they form magic.

    Lee is truly a modern Australian, descended from Gulumerridjin (Larrakia), Wardaman, KarraJarri people as well as having Japanese, Filipino, Chinese and Anglo ancestors.

    Jenna Mayilema Lee, Portal to the Bangarr (billabong), 2025, installation view, The Neighbour at the Gate, National Art School Gallery, Sydney, 2025.
    Image courtesy and © the artist, photograph: Peter Morgan

    The lotus sculptures in the billabong are constructed from copies of immigration documentation. Her Chinese ancestors were living in Australia well before the White Australia policy of 1901. When they needed to travel, bureaucracy demanded multiple forms.

    She has layered the forms with a hand print from one of her Japanese ancestors which, much to her pleasure, she discovered is the same size as her own hand.

    The billabongs of northern Australia, especially in Larrakia country, are filled with lotus plants. The ancestors of the lotus plants of northern Australia floated across the narrow seas from Asia many years ago, in much the same way as people.

    Water does not always bring life. James Nguyen’s Homeopathies_where new trees grow, is a reminder of another consequence of colonisation.

    James Nguyen, Homeopathies_where new trees grow (detail), 2025, installation view, The Neighbour at the Gate, National Art School Gallery, Sydney, 2025.
    Image courtesy the artist and the National Art School © the artist, photograph: Peter Morgan

    As with many other Vietnamese Australians, his family lives near the Parramatta and Duck rivers, west of central Sydney. One of the horrors of the Vietnam war was the way Agent Orange, destroyed both the jungle and the lives of people who came into contact with it.

    Agent Orange was made by Union Carbide, near the Parramatta River. When the factory closed the contaminated site was not properly sealed and the poison seeped into the river.

    Nguyen’s giant floating textile is of made of raw cotton and silk strips, dyed with mud and weeds contaminated by dioxin and Agent Orange. The evil of contamination is countered by clay pinchpot incense holders which line the stairs and entrances to the exhibition.

    The cleansing smoke of incense is another link between the cultures of Asia and those of Australia’s First Nations people.

    The Neighbour at the Gate is a generous and inclusive exhibition, a reminder of a common humanity. Clothilde Bullen, who heads the curatorium with Micheal Do and Zali Morgan, sees art as a way of countering divisions in society.

    She told me:

    If we are to work as a society and if we are to work as a community then we have to call people in, and we have to be prepared to embrace that difference. And so that is really what this show is all about.

    The Neighbour at the Gate is at the National Art School Galleries, Sydney, until October 18.

    Joanna Mendelssohn has in the past received funding from the Australian Research Council

    – ref. A new exhibition is a thoughtful examination of the lasting relationship between Asia and Australia – https://theconversation.com/a-new-exhibition-is-a-thoughtful-examination-of-the-lasting-relationship-between-asia-and-australia-259040

    MIL OSI Analysis – EveningReport.nz –