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Category: Banking

  • MIL-OSI USA: ICYMI: Ernst Legislation to Stop Billions in Bogus Payments

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)
    WASHINGTON – In case you missed it, Senate DOGE Caucus Chair Joni Ernst (R-Iowa) is codifying one of the Department of Government Efficiency’s (DOGE) largest cost savings actions to identify and stop fraudulent and improper payments after more than $160 billion occurred in Fiscal Year 2024.
    The Delivering On Government Efficiency (DOGE) in Spending Act enacts a strict anti-fraud process before the government is allowed to spend a dime to effectively eliminate improper payments and safeguard tax dollars. The bill also requires annual verifications of payment accuracy for ongoing transactions and increases transparency by requiring the public disclosure of every payment on the USASpending.gov website.
    Here is some of the coverage:
    New York Post | GOP senators push to cement core Musk-inspired DOGE savings at Treasury
    “A group of Republican lawmakers is pushing to cement some of the core reforms enacted at the Treasury by President Trump and the Department of Government Efficiency (DOGE).”
    Fox News | DOGE will go on: Hill pork hawk says rooting out government waste will continue after Elon
    “The bill’s name also signaled that the Senate, too, would continue its Musk-inspired work long after the mogul has left.”
    Politico | GOP senators look to codify DOGE operations of Treasury payment systems
    “Congressional DOGE Caucus Chairs Sen. Joni Ernst (R-Iowa) and Rep. Aaron Bean (R-Fla.) will introduce legislation next week to codify changes that the cost-cutting operation once led by Elon Musk made to the Treasury Department’s payments system.”
    Breitbart | Sen. Joni Ernst: Bureaucrats ‘Asleep at the Wheel,’ Let Fraudsters Take $79 Billion in Coronavirus Aid Without Using Basic Safeguard to Prevent Fraud
    “Following the release of the report, Ernst introduced a bill, the DOGE in Spending Act, on Friday that would require basic questions to be asked to eliminate improper payments government-wide.”
    Daily Wire | DOGE Caucus Introduces Bill Aimed At $162 Billion In ‘Improper Payments’
    “The bill comes the same week that the government’s COVID watchdog released a report titled “Pre-Award Vetting Using Data Analytics Could Have Prevented Over $79 Billion in Potentially Fraudulent Pandemic Relief Payments.’”
    Daily Caller | Joni Ernst Introduces First Major DOGE Bill That Could Save Taxpayers
    “The legislation, the Delivering On Government Efficiency (DOGE) in Spending Act, would mandate compliance provisions from a March 25 executive order by President Donald Trump that instituted new procedures to prevent fraudulent payments, including validating recipients of payments and also by coding the payments with information linking them to budget items.”
    Washington Examiner | Congressional DOGE Republicans move to codify protections against fraudulent payments
    “Sen. Joni Ernst (R-IA) and Rep. Aaron Bean (R-FL) introduced the Delivering On Government Efficiency in Spending Act, which would codify reforms by the DOGE, forcing the Treasury Department to implement a new system providing more information for payments.”
    Townhall | Ernst and Bean Unleash DOGE Spending Act to Crack Down on Waste, Support Trump’s Big Beautiful Bill
    “DOGE Caucus Chairs Sen. Joni Ernst and Rep. Aaron Bean (R-FL) are teaming up to introduce a commonsense bill that would codify one of the Department of Government Efficiency’s (DOGE) most significant cost-cutting measures.”
    National Review | Republican Lawmakers Introduce DOGE Legislation to Combat Billions in Wasteful Spending
    “Ernst and Bean’s legislation codifies sections three and four of President Trump’s executive order, “Protecting America’s Bank Account Against Waste, Fraud, and Abuse,” designed for Treasury to verify agency payment information and implement the verification process.”

    MIL OSI USA News –

  • MIL-OSI: 1-Hour Payday Loans with No Credit Check & $100 Guaranteed – A New Feature by Wizzay

    Source: GlobeNewswire (MIL-OSI)

    New York City, NJ, June 11, 2025 (GLOBE NEWSWIRE) —

    Wizzay.com has announced improvements to its web-based lending platform, allowing consumers to obtain 1 hour payday loans through a network of partner lenders. The platform establishes borrowers in contact with direct lender partners who offer payday loans no credit check, guaranteeing same day funding for emergency cash needs. The service responds to increasing consumer demand for expedited access to short-term financial options without conventional credit checks.

    The upgraded platform provides borrowers with loan values between $100 and $5,000, for which approval is usually made available within minutes of request submission. Wizzay is an intermediary service that links customers to lenders who offer payday loan online services and instant approvals for approved customers.

     <<< Start your 1-hour loan request and access guaranteed $100 support >>>

    Wizzay Launches Fast 1-Hour Payday Loan Approval System for Emergency Cash Needs

    Wizzay is an online market that brings buyers and lenders into contact with each other to obtain 1 hour payday loans using automatic approval platforms. The site uses safe technology to link borrowers with suitable lenders depending on eligibility criteria and state laws.

    The platform prioritizes accessibility and speed, with lenders providing participating loan no credit check products that depend on employment verification and income evaluation instead of credit scores. This makes it possible for bad credit borrowers to be able to secure emergency loans as and when they are required.

    Some of the major Wizzay features are:

    • Minute lender matching online
    • 256-bit SSL data encryption
    • Direct deposit funding capabilities
    • State-licensed lender network in several states
    • Mobile-friendly app interface

    The website overcomes typical obstacles in conventional lending by doing away with prolonged approval times and lowering documentation obligations. Consumers can fill out applications online fully without making physical visits or waiting for mail-based correspondence.

    It should be clarified that Wizzay.com is not a direct lender, but an online loan match platform providing access to screened payday lenders.

     <<< Get moving on fast funds—no credit check standing in your way >>>

    How Wizzay Connects Borrowers with Licensed Payday Lenders

    Wizzay.com was created to make it easier to link consumers to lenders to meet urgent money demands. The website is an intermediary that makes connections between borrowers and partner lenders who provide payday loan services.

    The business is based on a technology-oriented model that simplifies the application process as well as approval. Instead of being a direct lender, Wizzay has partnerships with licensed lenders who actually offer real loan products and services to consumers.

    Wizzay’s network consists of lenders that are specialized in different products of loans, such as:

    • Short-term payday loans
    • No credit check loans
    • Same day funding opportunities
    • Small dollar loans ranging from $100 to $5,000
    • Emergency cash advances

    The system handles applications via secured online forms that gather required borrower details for lender consideration. Applications after submission are forwarded to suitable lenders within the network depending on borrower location and the type of loan sought.

    The firm indicates that it processes thousands of loan requests every month, most of which are approved applications getting funded within 24-48 hours of approval. Wizzay is in continuous compliance with all relevant state and federal regulations covering online lending marketplaces.

    Wizzay Streamlines 1 Hour Payday Loan Process

    Working through a streamlined process aimed at reducing the application time without compromising security standards:

    • Application Process: Borrowers fill out one online application with minimal personal and financial data, such as employment history and banking details.
    • Lender Matching: Wizzay’s technology instantly assesses applications against lender requirements in its network based on borrower location and loan amount sought.
    • Approval Timeline: Lenders participating in Wizzay generally respond with approval or denial within hours of receipt.
    • Funding Process: Disbursing parties issue loan agreements to approved borrowers directly from the matched lender, with funds deposited usually through direct deposit into the borrower’s checking account.

     <<< Take the first step toward urgent cash with a 60-minute turnaround >>>

    Wizzay’s 1 Hour Payday Loans Online Feature With No Credit Check & Instant Approval

    The 1 hour payday loans online no credit check instant approval aspect responds to the needs of borrowers for quick financial support without standard credit checks. Participating lenders in the Wizzay network make use of different verification processes instead of traditional credit checks.

    1. Alternative Verification Methods

    Lenders emphasize employment validation and income stability over credit score evaluation. This method allows for the qualification of borrowers who do not qualify through standard credit-based lending. The validation process normally involves:

    • Employment validation
    • Bank account confirmation
    • Income documentation confirmation
    • Procedures for identification verification
    1. Instant Approval Process

    The instant approval system runs on automated underwriting that compares applications against pre-set measures. Approval is given quickly, with most borrowers getting back within minutes of application.

    The lenders use technology-based scoring tools, which review employment history, income patterns, and bank relationships, in order to gauge loan eligibility. This eradicates the need for manual underwriting evaluations that have a tendency to prolong approval timelines.

    How Wizzay Provides 1 Hour Payday Loans No Credit Check Alternatives

    Instead of conducting standard credit checks, direct lenders use income verification instead of credit history evaluation. This approach is centered on borrower repayment capability in terms of current financial conditions and not previous credit behavior.

    The method favors borrowers who have unfavorable credit histories or do not have established credit profiles. Lenders are able to conduct soft credit inquiries that don’t affect credit ratings, while staying away from hard credit checks that are reflected in credit reports.

     <<< See how simple emergency help can be with Wizzay’s newest feature >>>

    Wizzay Makes No Credit Check 1 Hour Payday Loans Accessible for All Borrowers

    No credit check 1 hour payday loans with Wizzay offer emergency funds access to borrowers who encounter difficulty in conventional credit-based lending. The service is accommodating to several types of borrowers, including those with bad or poor credit or with a short credit history.

    Borrower Eligibility:

    Intermediary lenders set up eligibility based on working financial capability in preference to credit history. Common requirements are:

    • Minimum age of 18 years
    • U.S. permanent residency or citizenship
    • Sustained employment for a minimum period of 90 days
    • Gross monthly income of around $1,000
    • Active checking account under borrower’s name
    • Valid contact information

    Benefits for Bad Credit Borrowers:

    The no credit check strategy presents chances for bad credit borrowers to acquire emergency cash. These are people with earlier bankruptcies, late payments, or other credit issues that normally lead to conventional loan rejections.

    Subprime borrowers with poor credit can receive payday loan approvals by income and employment verification instead of credit history. This practice increases access to financial services for traditionally underserved segments of borrowers.

    Wizzay’s Guaranteed $100 Loan No Credit Check Serves as Emergency Safety Net

    The assured $100 loan no credit check facility offers a minimum funding level for borrowers experiencing minor-scale financial emergencies. This facility covers typical scenarios such as electricity bill payments, doctor copayments, car repairs, and overdraft protection.

    The lower loan size tends to come with easier approval procedures and quicker approval rates. The majority of loans come with repayment schedules at the borrower’s subsequent payday, resulting in predictable payment schedules.

     <<< Secure your $100 payday solution without worrying about your credit >>>

    More About Wizzay’s Same Day Pay Day Loans Feature

    Same day pay day loans offer quick access to urgent funding for applicants who require instant monetary help. Member lenders provide same day funding for applications received within business hours with documentation completed.

    The online same day payday loan service is carried out exclusively over digital platforms, removing the need for physical paperwork. Successful borrowers get money deposited directly into their respective bank accounts, usually done within hours of approval.

    Wizzay’s Payday Loans Online Same Day Platform Ensures Security & Speed

    Online payday loans same day via Wizzay provide convenience alongside extensive security features. The site has industry-standard security features such as 256-bit SSL encryption for transmitting data and secure server infrastructure for storing information.

    24/7 availability of online applications facilitates application submission anytime, and processing initiation during business hours. Electronic applications eliminate geographical restrictions and instant confirmation of receiving the application.

    Why Wizzay Has Become a Go-To Platform For Payday Loans Online Same Day Guaranteed Approval

    Wizzay’s place in the online lending market is based on its emphasis on matching borrowers with suitable lenders in a streamlined manner. The platform solves everyday consumer pain areas in conventional lending while upholding required security and compliance standards.

    1. Platform Benefits:

    The Wizzay platform has several operational benefits, which work in favor of borrowers and lender participants alike:

    • Single application for multiple lender consideration
    • Automated qualification-based matching
    • Clear fee and term disclosure
    • Secure data handling and transmission
    • Customer support services with prompt response
    1. Lender Network Quality:

    Wizzay has relationships with licensed lenders who adhere to governing state and federal laws. The network consists of lenders that have expertise in different types of loan products and borrower profiles.

    The criteria for selecting lenders are their licensing status, compliance history with regulations, and service quality measures. The screening procedure ensures borrowers get connected to quality lending partners.

    1. Technology Integration:

    The technology infrastructure of the platform supports effective application processing and lender matching. Computerized systems perform mundane functions while ensuring human control for sophisticated applications.

    Regular system updates enhance platform performance and security features. The system evolves according to shifting regulatory needs and market standards.

     <<< Begin your application now—quick approval, no added stress >>>

    Ideal Candidates Who Benefits the Most from Wizzay’s 1 Hour Payday Loans Service

    1 hour payday loans cater to borrowers experiencing short-term finance shortfalls and require quick access to emergency finance. Typical situations involve unplanned medical bills, car repair, payment of utility bills, and short-term income interruption.

    The service caters to borrowers who are not eligible for bank loans because of credit history or income, such as those with no credit history, past credit difficulties, or irregular income cycles.

    How Wizzay’s Online Payday Lenders Differ from Traditional Credit Providers

    Online payday lenders are quite different from traditional credit providers in the way they lend and approve credit. Traditional credit providers usually demand extensive credit analysis and heavy documentation checks, which may take days or even weeks.

    Online payday lenders are interested in recent income and employment verification as opposed to comprehensive credit evaluation, allowing for quicker approval decisions within minutes in most cases. This efficient process lessens paperwork requirements and opens up access to borrowers who may have credit issues.

     <<< Explore Wizzay’s 1-hour cash option designed for speed and ease >>>

    Wizzay’s Simplified Application & Repayment Process

    The process starts with straightforward information gathering via a single online application form. Verification processes involve confirmation of employment and verification of income, and approved borrowers receive direct contact from matched lenders.

    Automated repayment via ACH transfer from the borrower’s bank account is offered by most lenders to prevent tardy payments and minimize the possibility of late charges. Certain lenders may provide loan extensions for borrowers that experience payment challenges.

    How Wizzay Supports Borrowers with Bad Credit

    Wizzay’s model for catering to borrowers with poor credit is informed by an understanding that credit history might not accurately reflect financial capability at the moment. The website matches such borrowers with lenders who apply different evaluation criteria based on stability of employment and income levels.

    Non-traditional evaluation techniques prioritize active employment confirmation and earnings stability in place of credit record, offering prospects to loan applicants who have recovered since earlier credit hardships.

    Wizzay’s Commitment to Data Privacy & Borrower Protection

    Wizzay has robust data security procedures in place to protect borrowers’ information across the application process. All data transfer is implemented with 256-bit SSL encryption, offering bank-grade security for personal details.

    The site discloses borrower data only to participating lenders for loan consideration and is in compliance with relevant federal and state laws related to online lending and data security.

     <<< Need a quick boost? This feature delivers when time matters most >>>

    Wizzay’s Legal & Financial Responsibility Framework 

    Wizzay is an intermediary service that connects borrowers and lenders, with real loan conditions decided by specific lending partners. Participating lenders have responsibility for loan conditions, interest rates, charges, and collection policies within their own licensing frameworks.

    Payday loan regulations are state-specific, and the borrowers must know their state’s individual regulations. Borrowers must know the terms and conditions of the loan and the repayment terms before any loan is accepted.

     <<< Start your 1-hour loan request and access guaranteed $100 support >>>

    Conclusion – Wizzay’s 1 Hour Payday Loan Online Platform Now Available to Consumers

    Wizzay’s upgraded system allows seamless access to 1 hour payday loans from its partner lenders with expertise in quick approval and funding on the same day. The service responds to the need of consumers for emergency cash relief through alternative verifications to open up access for multiple borrower types.

    Through safe technology and computerized matching programs, Wizzay effectively matches borrowers with suitable lenders according to unique situations and state laws. The service offers loan amounts ranging from $100 to $5,000 with clear terms and safe processing.

    More information on 1 hour payday loans and the application process can be found by visiting Wizzay.com to start applying for a loan.

    Media Details:
    https://www.wizzay.com
    support@Wizzay.com
    Customer Acquisition LLC, Springates Building, Lower Government Road, Charlestown,

    Attachment

    The MIL Network –

  • MIL-OSI: $500 Loan for Bad Credit with No Credit Check & Same-Day Approval – A New Launch from Low Credit Finance

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 11, 2025 (GLOBE NEWSWIRE) — Financial crises impact millions of Americans each year, too often leaving people with poor credit choices navigating for instant funding alternatives. Low Credit Finance, an online lending marketplace, has created a $500 loan product tailored to subprime borrowers who have poor credit records. The product takes advantage of the increased need for affordable emergency lending among consumers who do not qualify for conventional bank loans.

    The company functions on an online application process that brings borrowers into contact with prospective lenders in their network. Such a system seeks to simplify the lending process while offering solutions to individuals who have traditionally been denied services by mainstream financial institutions.

    >>> Start Your 60-Minute Loan Request – Same-Day Cash for Bad Credit <<<

    Low Credit Finance Launches $500 Loan Solution Targeting Bad Credit Borrowers

    The $500 loan program resulted from studies that showed most American consumers do not have access to emergency financing when they encounter surprise expenses. Federal Reserve statistics show that about 40% of Americans would be unable to afford a $400 surprise expense without going into debt or selling assets.

    Low Credit Finance identified this financing gap within the financial services sector and created their platform to cater to borrowers who might have:

    • Credit scores lower than 600
    • Short credit history
    • History of past financial struggles
    • Unpredictable income cycles
    • Recent foreclosure or bankruptcy

    The method of the platform is to match such borrowers with lenders that deal in subprime financing and thus increase access to emergency loans for people who would otherwise be rejected by conventional banks.

    Growing Demand Drives Americans to Low Credit Finance for Emergency 500 Dollar Loans

    Financial insecurity and surprise bills have driven greater demand for alternative lending. The platform has noticed more interest in emergency loans for a range of reasons, such as medical expenses, car repairs, and electricity bills.

    Some reasons behind the trend:

    • Traditional banks usually demand extensive paperwork and lengthy processing times
    • Credit unions could have membership conditions that disqualify some borrowers
    • Payday loans are available but tend to have high charges and short repayment periods
    • Online platforms provide quicker application times and decision time

    The trend toward online lending platforms mirrors larger shifts in consumer banking behavior, with people opting for online applications rather than face-to-face banking trips for smaller loans amounts like 500 dollar loans.

     >>> Emergency Expense? Secure $500 Today Without Hassle <<<

    About Low Credit Finance’s – A Streamlined Platform Offering $500 Loans & More

    A Low Credit Finance Loan of $500 is a short-term loan suitable for unexpected expenses. The loan site acts as an intermediary, matching borrowers with lenders within their network who might be interested in lending even with bad credit records.

    The most notable features of these loans are the following:

    • Up to a certain amount of $500 for the loan amount
    • Online application
    • Possible funding within a day
    • Repayment terms usually for one to several months
    • Interest rates and fees set by individual lenders

    The loans are not secured, i.e., borrowers are not required to give collateral. However, lenders assess applications on the basis of income verification, employment status, and other parameters other than conventional credit scores.

    How Low Credit Finance’s $500 Loan No Credit Check Process Works

    Low Credit Finance is not a lender itself but a loan matching service. The website brings borrowers in touch with a network of lenders who are experts in lending money to people who have less than perfect credit profiles.

    The “no credit check” feature pertains to the website’s practice of not asking for a hard credit check at the time of the initial application. Individual lenders in their network, however, may ask for their own credit checks as part of their underwriting processes.

    The business model of the platform includes:

    • Gathering borrower data via online loans
    • Matching borrowers with suitable lenders according to their profiles
    • Providing the bridge between the borrowers and the prospective lenders
    • Offering a unified platform to handle loan requests

    This framework enables the platform to accommodate subprime borrowers who may not gain access to bank loans and link them with expert lenders who are familiar with subprime lending markets.

    Low Credit Finance’s Simplified $500 Loan Application Process

    Low Credit Finance’s application process is a streamlined online process that helps reduce complexity and time taken to process. Borrowers go through their applications online without making visits to physical offices.

    • Initial Application

    Applicants enter standard personal data, such as name, address, work information, and proof of income. The initial application form usually is filled out in 5-10 minutes.

    • Application Review

    The system of the platform processes applications submitted and tries to match borrowers with suitable lenders within its network according to the information given.

    • Lender Connection

    When a potential candidate is found, the borrower’s data are sent to the lender for further evaluation. Several lenders may consider the same application.

    • Approval Decision

    Each lender approves or rejects borrowers individually based on their own criteria and risk assessment processes.

    Once approved, borrowers are funded by direct deposit, usually within a business day of approval.

    The entire process, from the submission of application to funding, may be done within 24 hours subject to lender availability and approval decisions.

     >>> Quick $500 Loans – No Banks, No Collateral, No Delays <<<

    Key Advantages of Low Credit Finance’s $500 Loans for Poor Credit Borrowers

    The loan program of the platform provides a number of benefits to borrowers who have poor credit records but require emergency money:

    • Accessibility

    Convenience of online application removes geographical constraints and enables borrowers to apply from anywhere where they have internet connectivity. This is especially useful for people living in rural communities that have restricted access to conventional banking facilities.

    Digital processing greatly shortens the period from application to funding in comparison to bank loans that can take weeks for approval.

    • Flexible Qualification Criteria

    The lenders within the network can look at factors other than credit rating, such as job history, income stability, and debt-income ratio.

    • No Collateral Requirements

    Since they are unsecured loans, borrowers have no risk of losing personal assets in case of repayment issues.

    • Transparent Process

    The site offers transparent disclosure of the process to apply and brings borrowers and lenders together directly for discussions on the loan term.

    Low Credit Finance Offers Instant Online Loans with Guaranteed Approval

    Though Low Credit Finance assures quick processing of a loan, it should be noted that approval is never guaranteed. The network of lenders on the platform has its own individual underwriting criteria and makes separate approval judgments.

    The use of the word “instant” does not imply guaranteed acceptance but denotes the rapidity of the application and possible funding timeline. The following can be factors affecting approval determinations:

    • Confirmed sources of income
    • Stability of employment
    • Outstanding debt commitments
    • History with a bank
    • State-by-state lending statutes

    Every lender within the network retains authority for their criteria of approval, and borrowers can be offered terms and interest rates by multiple lenders whose offers vary.

     >>> Don’t Wait – Access Fast Funds With Just Proof of Income <<<

    Low Credit Finance Serves Emergency Loan Needs with Fast $500 Solutions

    Emergency needs typically demand immediate financial remedies, and Low Credit Finance has designed its platform to meet timely funding demands. The online application process and network of expert lenders facilitate quicker processing than conventional financial institutions.

    Typical emergency circumstances that can qualify for $500 loans include:

    • Unplanned medical costs not reimbursed by insurance
    • Car repairs essential for work transportation
    • Household maintenance issues that need to be addressed quickly
    • Payment of utility bills to avoid service shutdown
    • Emergency travel loans for family emergencies

    The speed emphasis of the platform enables borrowers to respond to immediate financial requirements as they continue pursuing long-term financial planning options.

    Ideal Candidates for Low Credit Finance $500 Loan Applications

    The $500 loan initiative by Low Credit Finance is aimed at particular borrower profiles that could be in need of short-term emergency financing. The best applicants are usually individuals with:

    1. Poor Credit Histories

    Borrowers with credit scores less than 600 or those experiencing current financial hardship might discover that conventional loans are not readily available.

    1. Require Emergency Financing

    Require unexpected costs and do not have the savings to meet ongoing needs.

    1. Maintain Stable Income Streams

    Though there may be bad credit, verifiable income ensures lenders understand repayment potential.

    1. Are Aware of Short-Term Loans

    Borrowers who demonstrate that these loans are not for sale as ongoing financing solutions but instead for filling short-term gaps.

    1. Are Able to Repay Within the Stipulated Terms

    Prudent borrowers who have weighed their capacity to satisfy payment commitments without placing further financial pressures.

    Popular Applications for Low Credit Finance $500 Emergency Loans

    Small-dollar loans like these are widely applied to sudden, everyday expenses. According to platform trends and consumer behavior, typical applications include:

    • Emergency medical or dental visits
    • Car repairs or towing
    • Payment of utility or telephone bills
    • Supplemental rent
    • Travel or transportation during emergencies

    Borrowers are motivated to utilize funds prudently and confirm whether they can repay under agreed terms.

    Technology Behind Low Credit Finance’s Online Loan Platform

    The Low Credit Finance platform functions through a hi-tech digital infrastructure intended to match borrowers with suitable lenders in an efficient manner. The platform leverages technology to simplify the historically complicated lending process.

    • Platform Architecture

    The site uses secure encryption methods to safeguard borrower data throughout the application process. Data transmission is conducted in accordance with industry security practices.

    • Lender Network Management

    The site has relationships with various lenders that operate in subprime lending markets. The network model maximizes the chance of accessing appropriate funding sources for borrowers.

    • Application Processing System

    Computerized systems scan applications and find possible matches according to borrower profiles and lender requirements. The technology decreases processing time and increases efficiency.

    • Customer Support Infrastructure

    The site offers customer service support to assist borrowers through the application process and inform them of their choices.

     >>> Need Cash Fast? $500 Could Be in Your Account by Tomorrow <<<

    How Low Credit Finance Differs from Payday Lenders in Bad Credit Loans

    Although both Low Credit Finance and $500 dollar loan payday lenders cater to bad credit borrowers, their strategies and structures vary greatly:

    • Loan Structure

    Payday lenders generally issue short-term loans with repayment on the borrower’s upcoming payday, typically in about two weeks. Low Credit Finance matches borrowers with lenders who might provide more favorable payment terms.

    • Fee Structure

    Payday lenders typically have flat fees per loan amount, meaning they can lead to very high annual percentage rates. Low Credit Finance’s network of lenders will potentially have differing fee structures based on the individual lender.

    • Application Process

    Payday lenders tend to necessitate physical trips to storefronts, whereas Low Credit Finance is conducted entirely online, which will be more convenient and accessible.

    • Regulatory Compliance

    The site operates under federal and state loaning laws, although payday loaning laws differ considerably by state and could contain controls or bans.

    • Business Model

    Low Credit Finance is a matching service instead of an immediate loaner, giving borrowers several potential possibilities instead of one loan opportunity.

    Low Credit Finance Prioritizes Safety and Speed in Subprime Lending

    Ease of use and safety are primary design concerns for Low Credit Finance. Low Credit Finance offers a secure, encrypted online space for the transfer of sensitive borrower data.

    Protective measures and practices include:

    • Adherence to data protection legislation
    • No fees or unsolicited telephone calls to apply
    • Utilization of soft credit pulls where appropriate

    The platform serves subprime borrowers through exposure to lenders willing to accept lower credit limits.

    Low Credit Finance’s Features Giving It A Competitive Edge in Bad Credit Loan Market

    Several features set Low Credit Finance apart in the alternative lending space:

    • Network Approach

    Instead of dealing with a single funder, the platform brings borrowers together with several prospective funders, raising odds of approval.

    • Specialization in Subprime Lending

    The platform targets exclusively borrowers with bad credit, building experience within this niche market.

    • Technology Integration

    Computerized processes minimize paper and processing time and enable 24/7 application availability.

    • Transparency

    The website offers transparent information regarding the process and links borrowers with lenders for term loan negotiations.

    • No Upfront Fees

    Borrowers are able to apply for loans without paying application charges or fees prior to loan offers.

     >>> No Credit Score? No Problem. Get $500 in 24 Hours or Less<<<

    Final Thoughts: Low Credit Finance Provides a Lifeline for Low Credit Borrowers

    With financial constraints building up across all income levels, sites such as Low Credit Finance present an alternate path to capital for those with restricted credit access. The $500 loan product, while small in value, can potentially bring temporary rescue funds at urgent financial junctures.

    Borrowers are cautioned to use such sites prudently, with complete understanding of their terms and repayment conditions. These loans are not a long-term option, but they can act as a short-term bridge for those going through financial uncertainty with limited traditional lending available.

    Media Details:
    Company: Low Credit Finance
    Full Company Address: 102 W Service Rd, Apt: 820, Champlain, NY 12919
    Company Website: https://lowcreditfinance.com/
    Contact Person: David C. Hans
    Official Email ID: David.hans@lowcreditfinance.com

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    The MIL Network –

  • MIL-OSI Global: More free school meals is a start – here’s what would really address child poverty

    Source: The Conversation – UK – By Will Baker, Associate Professor of Sociology and Education, University of Bristol

    victoriyasmail/Shutterstock

    All children in England living in households claiming universal credit will soon be eligible for free school meals, the UK government has announced. This will improve the lives of 500,000 more children and save their families £500 per year.

    This will reduce hunger at school. But it will not solve the UK’s child poverty crisis.

    In her spending review on 11 June, Chancellor Rachel Reeves described the move – as well as investment in education – as “a downpayment ahead of publication of the Child Poverty Strategy in the autumn”. However, the two-child benefit cap, which the government is considering scrapping, and challenging school budgets, remain major barriers to addressing child poverty and food insecurity.

    According to analysis from the Institute for Fiscal Studies, the new free school meals policy will ultimately lift 100,000 children out of poverty and cost £1 billion a year. Under the current system, only families in receipt of universal credit and earning below £7,400 a year qualify for free school meals. This incredibly low threshold has excluded a huge number of children living in poverty from getting a good meal at school.

    Reactions have been justifiably positive. Nick Harrison, CEO of social mobility charity the Sutton Trust, has called the move “a significant step towards taking hunger out of the classroom”.

    The Institute for Fiscal Studies pointed out, however, that the implied poverty reducing benefits of the policy will only be realised in the long term.

    Eligibility for free school meals had temporarily widened during the roll out of universal credit.
    Juice Flair/Shutterstock

    This is partly because, since 2018, the eligibility for free school meals has been temporarily widened to mitigate the impact of changes in the welfare system (the roll out of universal credit) on families. During this period, which ended in April this year, children still received free school meals even if family entitlements to universal credit changed.

    This means that many children made eligible for free school meals under the new policy are already receiving them. And far fewer than 100,000 children will immediately be “lifted out of poverty”, as the government had claimed.

    A mission against child poverty?

    The education secretary, Bridget Phillipson, called the new school meals entitlement part of “the moral mission of this government to tackle the stain of child poverty”. She said: “Today this government takes a giant step towards ending it with targeted support that puts money back in parents’ pockets.”

    Such forceful language almost does justice to the scale of the problem. In the UK, 4.45 million children live in poverty. One in five children live in food insecure households – meaning their families struggle to put food on the table.

    My own research shows that a fifth of all schools now run a food bank. Extending free school meals is an undoubtedly positive step but it will only scratch the surface of these much deeper problems.

    Given the depths of child poverty in the UK, the government must build on this development if it really wants to tackle the problem. Firstly, the government must commit to removing the two-child benefit cap, which limits benefits paid for children to the first two children in a family. Doing so would lift 350,000 children out of poverty immediately and reduce the number of children turning up to school too hungry to learn.

    Extending free schools meal coverage is the less contentious policy option. There is, rightly or wrongly, public support for the two-child limit.

    But it is also the comparatively less ambitious and effective one. Lifting the two child benefit cap would help more children at a lower cost per child.

    Secondly, too often the government asks schools to meet essential costs, duties and innovations out of their existing budgets. In the long run, this disadvantages all children and particularly those living in poverty. This needs to change.

    For example, the government currently only funds 75% of the costs of the new national school breakfast clubs. Next year schools will have to find £400 million from their existing budgets to fund pay rises for teachers. This figure dwarfs the amount schools will receive next year for extending free school meals.

    Finally, we need to tackle the root causes of poverty and build viable pathways out of it. This cannot be achieved by largely focusing on education and providing more funding to schools – important as this is.

    Child poverty is shaped by how our welfare and benefits system is organised, insecure and low-paid work, the high costs of housing and bills, and the absence of high-quality services and community resources that help children thrive. Only by tackling all of these issues in a coordinated and progressive way will be able to make child hunger and poverty things of the past, which is where they belong.

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

    – ref. More free school meals is a start – here’s what would really address child poverty – https://theconversation.com/more-free-school-meals-is-a-start-heres-what-would-really-address-child-poverty-258509

    MIL OSI – Global Reports –

  • MIL-OSI USA: Durbin Delivers Opening Statement In Senate Judiciary Committee Hearing On The Privacy & National Security Implications Of The 23andMe Bankruptcy

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin
    June 11, 2025
    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, today delivered an opening statement at a Senate Judiciary Committee hearing entitled “23 and You: The Privacy and National Security Implications of the 23andMe Bankruptcy.” Today’s hearing will examine the bankruptcy of 23andMe, Inc., and the potential sale of the company’s database of customers’ personal genetic information. The hearing also will provide an opportunity to examine policy and ethical issues associated with the collection and use of personal genetic information, the need for a comprehensive federal data privacy law in the United States, and the treatment of consumer data privacy in the bankruptcy process.
    Key Quotes:
    “In short, 23andMe has access to deeply personal information about you and your health. Information that you would normally want to keep private—between you, your family, and your doctor. Yet no federal law—no federal law—prevents 23andMe from sharing this data with others, including insurance companies, future employers, and law enforcement. Rather, a patchwork of state laws and [23andMe’s] privacy policy are the only things protecting the genetic information of millions of Americans.”
    “If 23andMe’s customers are anything like [their] fellow Americans, they likely didn’t read this privacy policy. According to a survey by the Pew Research Center, more than half of Americans say they always, almost always, or often agree with privacy policies without ever reading them. Who can blame them?” 
    “When 23andMe filed for bankruptcy on March 23, a lot of people suddenly became interested in that privacy policy. Because, buried in the fine print of their privacy policy is the following, listen carefully: ‘If we are involved in a bankruptcy, merger, acquisition, reorganization, or sale of assets, your Personal Information may be accessed, sold or transferred as part of that transaction.’”
    “So 23andMe’s 15 million customers were left wondering: Who is going to get access to my genetic information? What are they going to do with it? What rights do I have to stop it?”
    “Thankfully, 23andMe’s privacy policy gave its customers the right to delete their data upon request. And millions have done so—so many, in fact, that 23andMe’s website crashed with the traffic. But again, this wasn’t required by federal law.”
    “There are very few federal guardrails to protect your most sensitive data, including your DNA and who can share it. It’s time for Congress to put some protections in place for Americans.”
    “The American people deserve to have faith that their sensitive information will be in—and stay in—the right hands before they agree to share it. Yet, nearly 20 years after 23andMe came on the scene and at least that long since the surveillance industrial complex started taking over the Internet, America still lacks a comprehensive federal law to protect our privacy.”
    “There have been signs of hope, including in 2022 when the American Data Privacy and Protection Act passed the House Energy and Commerce Committee by a broad, bipartisan vote of 53-to-2. But the American people are still waiting.”
    Video of Durbin’s opening statement is available here.
    Audio of Durbin’s opening statement is available here.
    Footage of Durbin’s opening statement is available here for TV Stations.
    -30-

    MIL OSI USA News –

  • MIL-OSI Russia: President of Uzbekistan meets with EBRD head

    Translation. Region: Russian Federal

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

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

    Tashkent, June 11 (Xinhua) — Uzbek President Shavkat Mirziyoyev on Wednesday received a delegation of the European Bank for Reconstruction and Development (EBRD) led by its President Odile Renaud-Basso, the presidential press service reported.

    “On June 11, on the eve of the third meeting of the Foreign Investors Council, President of the Republic of Uzbekistan Shavkat Mirziyoyev received a delegation from the European Bank for Reconstruction and Development headed by its President Odile Renaud-Basso,” the statement said.

    It is reported that issues of further expansion of strategic cooperation between Uzbekistan and this authoritative international financial institution were discussed.

    “We are pleased to note the expansion of the portfolio of joint projects: EBRD investments in Uzbekistan have already exceeded EUR 5.5 billion. Plans for the current year include attracting another EUR 1.1 billion, a significant portion of which will be directed to support the private sector,” the statement says. –0–

    MIL OSI Russia News –

  • MIL-OSI China: Foreign Minister Lin meets with Eswatini delegation led by Foreign Minister Shakantu

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    June 4, 2025  
    No. 194  

    On the afternoon of June 4, Minister of Foreign Affairs Lin Chia-lung met with a delegation from the Kingdom of Eswatini led by Minister of Foreign Affairs and International Cooperation Pholile Shakantu. During their meeting, they had an extensive exchange of views on such topics as bilateral cooperation, trade, and investment. 
     

    In his remarks, Minister Lin stated that he had visited Eswatini in late April as presidential special envoy to join the birthday celebrations for King Mswati III. He added that this meeting with Minister Shakantu and other ministerial-level officials from Eswatini just over one month later demonstrated the close and frequent interactions between the two countries and symbolized the strength of their diplomatic alliance. 

     

    Minister Lin took the opportunity to express appreciation once again to King Mswati III and the Eswatini government for their long-standing and staunch support for Taiwan in the international arena, such as at the recently concluded World Health Assembly, the United Nations, and other multilateral forums. He stressed that Eswatini’s consistent advocacy for Taiwan had touched the hearts of the people of Taiwan. 

     

    Minister Lin said that during his trip to Eswatini in April, he and King Mswati III had discussed such topics as strengthening bilateral economic, trade, investment, and tourism exchanges, as well as Taiwan’s assistance in building 5G smart cities and developing energy resources in Eswatini. He expressed confidence that the close collaboration between the two countries would spur Eswatini’s national development and better ensure the welfare of both peoples, stating that this would realize Taiwan’s vision of advancing allies’ prosperity and demonstrate that Taiwan could help and that Eswatini could serve as a leader on the African continent. 

     

    Minister Shakantu thanked Minister Lin for rapidly formulating a series of concrete plans following his trip to Eswatini in April that would advance bilateral cooperation and Eswatini’s development, underscoring Taiwan’s high regard for and steadfast commitment to its allies. She also expressed the hope to see greater investment and more tourists from Taiwan in Eswatini through the Diplomatic Allies Prosperity Project, thereby fueling bilateral exchanges.  

     

    Earlier on June 4, Deputy Minister of Foreign Affairs François Chihchung Wu hosted a luncheon for the delegation. Attendees at the luncheon included International Trade Administration Secretary General Amelia W. J. Day, Export-Import Bank of the ROC President Hsieh Fu-hua, Hua Nan Bank Vice Chairman T. Lin, MOFA Department of International Cooperation and Economic Affairs Director General Lien Yu-ping, and MOFA Department of West Asian and African Affairs Deputy Director General Chen Yung-po. They exchanged views with the members of the Eswatini delegation on a variety of issues. 

     

    Eswatini is an important diplomatic ally of Taiwan in Africa. MOFA will continue to maintain close interactions with the Eswatini government and actively seek to enhance mutually beneficial collaboration in all fields so as to realize the vision of advancing allies’ prosperity and thereby deepen and consolidate diplomatic relations between the two countries. (E)

    MIL OSI China News –

  • MIL-OSI United Kingdom: Chancellor pledges at least £445 million of rail investment as part of biggest ever Welsh funding boost

    Source: United Kingdom – Executive Government & Departments

    Press release

    Chancellor pledges at least £445 million of rail investment as part of biggest ever Welsh funding boost

    Major transport upgrade to drive growth and unlock economic potential across Wales, as UK Government delivers on Plan for Change.   

    Spending Review: Investing in Wales’ future.

    • Investment is part of comprehensive spending package to invest in UK’s renewal, creating thousands of jobs in clean energy, manufacturing and defence  
    • The Welsh Government will receive the largest real terms settlement since devolution began in 1999, with an average settlement of £22.4 billion per year, enabling the Welsh Government to deliver for working people in Wales.

    Working people across Wales will benefit from better access to jobs and opportunities thanks to a Welsh rail investment worth at least £445 million announced by Chancellor Rachel Reeves today as part of the UK Government’s Spending Review which will invest in UK’s renewal.

    The transformative rail package will reconnect Wales’s industrial heartlands, improve commuter journeys and drive economic growth in communities that have long suffered from poor transport links.  

    The package will invest in both north and south Wales, fixing level crossings, building new stations, and upgrading existing lines  

    This strategic rail investment forms the cornerstone of the UK Government’s plan to reconnect, reindustrialise and renew Wales – addressing decades of underinvestment in critical infrastructure that has held back the Welsh economy.  

    The rail upgrades will specifically link centres of advanced manufacturing excellence in North Wales and improve vital connections between Cardiff and Bristol, making it easier for businesses to invest and for workers to access employment opportunities.  

    Alongside this major transport investment, the Spending Review delivers significant backing for Wales’s key industrial sectors.  

    In Port Talbot, a combined investment of up to £580 million will secure the future of steelmaking while transforming the port into a clean energy hub. Within this, £500 million for Tata Steel’s new Electric Arc Furnace will protect 5,000 jobs while reducing carbon emissions.  

    Secretary of State for Wales, Jo Stevens, said:  

    This UK Government is investing in Wales’ future and driving economic growth across the country.  

    We promised we would deal with the historical under-investment in Wales’ rail network and the funding announced today in this Spending Review shows we are delivering on that pledge.  

    Along with a record financial settlement for Welsh Government to improve public services, £118m more to help keep coal tips safe and investment in growing industries like aerospace, we are backing Wales’ potential and delivering for working people.”    

    Growing Wales’ domestic aerospace and defence industries  

    Speaking in the House of Commons today, the Chancellor reaffirmed the government’s commitment to increase defence spending to 2.6% of GDP by April 2027, backing our Armed Forces, creating British jobs in British industries, and prioritising the security of Britain when it is most needed.  

    The Spending Review also backed Welsh industry by continuing investment in the defence industry right across the UK, including Wales.  

    Wales’s aerospace and automotive industries, already employing over 15,000 people, also stands to gain through UK-wide funding announced for the advanced manufacturing sector, enabling the development and delivery of ultra-low and zero-carbon emission vehicles and aircraft.   

    Coal tip safety   

    The Spending Review also confirms a further £118 million between 2026-27 and 2028-29 for the Welsh Government to maintain the safety of disused coal tips, on the back of £25 million already committed in 2025-26 during 2024 Autumn Budget. The money will see tips secured, homes protected and land unlocked for housing, industry and recreation.   

    The UK Government also pledged continued support for Welsh Investment Zones in Cardiff City Region and Wrexham and Flintshire, which will receive £160 million each over 10 years, driving growth and jobs.  

    Supporting Welsh businesses  

    The new Industrial Strategy and Public finance Institutions will collaborate with the devolved governments and local stakeholders to drive growth across the UK. Through the Nations and Regions Investment programme the British Business Bank is delivering £130 million across Wales to break down access to finance barriers and drive economic growth.  

    Local growth funding  

    A new local growth fund, and investments in up to 350 deprived communities across the UK, will maintain the same cash level as in 2025-26 under the Shared Prosperity Fund. The Ministry of Housing, Communities and Local Government and the Wales Office will work with local partners to ensure money goes to projects that matter to local people. This investment will help drive growth and improve communities across all parts of Wales.  

    A record settlement for Welsh public services  

    The Welsh Government will receive the largest settlement in real terms since devolution in 1999, with an average settlement of £22.4 billion per year to deliver against the priorities of working people in Wales.  

    This comprehensive investment package is further delivery of the UK Government’s promise to invest in Britain’s renewal and ensure that economic growth benefits every part of the United Kingdom.

    ENDS

    Updates to this page

    Published 11 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: PASSED THE SENATE: Senators Hassan, Ernst, Slotkin, and Banks’s Bipartisan Legislation to Crack Down on Foreign Adversaries Directing Violent Crimes in the U.S.

    US Senate News:

    Source: United States Senator for New Hampshire Maggie Hassan
    WASHINGTON – The U.S. Senate unanimously passed a bipartisan bill introduced by U.S. Senators Maggie Hassan (D-NH), Joni Ernst (R-IA), Elissa Slotkin (D-MI), and Jim Banks (R-IN) to increase criminal penalties for individuals who commit, or attempt to commit, violent crimes in the United States on behalf of foreign adversaries. The DETERRENCE Act would both hold offenders accountable and deter criminals, including criminal organizations, from taking money from foreign adversaries in exchange for committing crimes on American soil. 
    “It is a direct assault on our national security when foreign adversaries recruit criminals to commit violence on American soil,” said Senator Hassan. “This bipartisan legislation will strengthen criminal penalties on gangs and criminals who engage in violent behavior on behalf of a foreign government. The Senate has sent a clear message that such behavior will be met with severe consequences, and I urge my colleagues in the House to quickly pass this bill to strengthen our national security.” 
    “America will not allow foreign adversaries, like Iran, to finance violent crimes on our soil,” said Senator Ernst. “Peace through strength is back and that includes right here at home. I look forward to the House swiftly passing this commonsense bill to create severe consequences for those who wish to harm our citizens.”
    “If you commit crimes in America on behalf of foreign adversaries, you must face serious consequences,” said Senator Slotkin. “The bipartisan Deterrence Act helps strengthen penalties for these crimes and sends a clear message about how seriously we take our national security and how we will hold accountable those who commit crimes against our nation.”
    Under the DETERRENCE Act, criminals working for foreign adversaries can be sentenced to longer prison sentences. The bill specifically increases criminal penalties for the following federal crimes when the crimes are committed under U.S. jurisdiction on behalf of foreign governments: 
    Engaging in a murder-for-hire scheme 
    Murdering or attempting to murder certain federal officials, including the President
    Murdering or attempting to murder certain former federal officials, or their families, because of their official actions 
    Assaulting certain former federal officials, or their families, because of their official actions 
    Kidnapping or attempted kidnapping 
    Threats of violence using a dangerous weapon against certain current and former federal officials, as well as their families, because of their official actions 
    Stalking 
    This legislation follows reports that foreign adversaries are increasingly turning to criminals to commit violent crimes against their critics, including those who reside in the United States. In November, the Department of Justice (DOJ) charged an Iranian asset and two members of his criminal network for their alleged involvement in a plot to murder a U.S. citizen who has spoken out against the Iranian regime. Senators Hassan, Ernst, and a bipartisan group of colleagues previously wrote to DOJ calling for more information – and discussing the need for increased criminal penalties – to address this troubling trend of foreign-directed violence. 

    MIL OSI USA News –

  • MIL-OSI: BoldSign® Wins Developer’s Choice in the 2025 Postman API Network Awards

    Source: GlobeNewswire (MIL-OSI)

    RESEARCH TRIANGLE PARK, N.C., June 11, 2025 (GLOBE NEWSWIRE) — Syncfusion®, Inc., the enterprise technology provider of choice, today announced that its eSignature solution, BoldSign®, won the Postman Developer’s Choice Award. Selected by Postman’s worldwide developer community, the award spotlights APIs that deliver exceptional user experience, measurable business value, and active community engagement. Syncfusion coming in at number one is a result of its commitment to building tools that developers and businesses trust.

    “BoldSign started with a simple goal: give developers an eSignature API that lets them plug in, sign, and ship without friction,” said Daniel Jebaraj, CEO of Syncfusion. “This award tells us we’re on the right path and motivates us to keep raising the bar with features that help our customers move their products forward.”

    Businesses choose BoldSign due to its:

    • Fast, friction-free signing: Legally binding signatures captured in seconds.
    • Easy implementation: Most teams roll out in under a day with no heavy IT lifting.
    • Web-to-mobile flexibility: Seamless experience for in-office and on-the-go staff.
    • Bank-grade security and compliance: Robust encryption and compliance with SOC 2, HIPAA, GDPR, and eIDAS regulations.
    • Scalability: Usage-based plans stay cost-effective for individuals, startups, and large enterprises.
    • Real-time human support: Direct access to BoldSign experts whenever questions arise.
    • Customer-driven roadmap: Continuous feature drops shaped by user feedback.

    “Winning Developer’s Choice is both humbling and energizing,” added Jebaraj. “We’re just getting started—look for new features, expanded SDKs, and deeper integrations so teams can scale from 10 to a million documents without switching platforms.”

    Learn more about the BoldSign® eSignature APIs in Postman. For more information about fast, secure, and scalable eSignature functionality in BoldSign, visit its website.

    About Syncfusion, Inc.
    Headquartered in the technology hub of Research Triangle Park, N.C., Syncfusion®, Inc. delivers an award-winning ecosystem of developer control suites, embeddable BI platforms, and business software. Syncfusion was founded in 2001 with a single software component and a mission to support businesses of all sizes—from individual developers and start-ups to Fortune 500 enterprises. Though its pilot product, the Essential Studio® suite, has grown to over 1,900 developer controls, its mission remains the same. With offices in the U.S., India, and Kenya, Syncfusion prioritizes the customer experience by providing feature-rich solutions to help developers and enterprises solve complex problems, save money, and build high-performance, robust applications.

    Contact: Brittany Kearns
    Phone: 571-271-7211
    Email: brittany@crossroadsb2b.com

    The MIL Network –

  • MIL-OSI Europe: New group to drive down business costs

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    11th June 2025

    • The Cost of Business Advisory Forum met today for the first time
    • Group chaired by Former Labour Court Judge Kevin Foley, and Vice Chaired by Mr. Ronan Byrne, Manager of Bloomfield Hotel

    The Inaugural meeting of a new Department of Enterprise-led group to examine the costs involved in running a business held its first meeting today. 

    The Minister for Enterprise, Tourism and Employment Peter Burke has established the new group with the aim of reducing the cost of running a business, and addressing delays which can impact the operation of businesses in Ireland. For the first time, regulators will be directly in the room to hear from business owners and representatives themselves.

    The Forum brings together business owners, retailers, tourism operators, accounting professionals and representative groups—alongside regulators and state agencies—to look at the structural issues that are driving up costs and the steps that could be taken to mitigate them.  

    “I’ve been looking forward to the first meeting of the Cost of Business Advisory Forum, and hearing directly from the people who run businesses, employ our citizens and keep our economy strong. I believe it is important for our regulators, our Government Departments and our decision-makers to hear directly from this key cohort, the people that are at the coal face when we implement policy and regulations.

    “I want to thank Mr. Kevin Foley, former Chair of the Labour Court, and Mr. Ronan Byrne, General Manager of Bloomfield Hotel for agreeing to be our Chairperson and Vice-Chairperson, respectively. This Forum is about balance and reflecting all sectors of business, and ensuring all voices are heard in this important discussion.

    “After our initial meeting, each subsequent session will focus on a specific theme, like licensing, infrastructure, or regulatory fees, with the relevant regulators invited to attend and respond. The goal is to create a space where businesses can speak directly to decision-makers about the real-world impact of rules and charges—and identify areas to make practical changes.”

    ENDS

    Notes to Editors

    Group includes representatives from:

    • American Chamber of Commerce (AmCham)
    • Chambers Ireland
    • Chartered Accountants Ireland
    • Irish Business Employers Confederation (IBEC)
    • Irish Exporters Association
    • Irish Farmers Association (IFA)
    • Irish Small and Medium Enterprises (ISME)
    • Irish Tax Institute
    • Irish Tourism Industry Confederation (ITIC)
    • Retail Excellence Ireland
    • Small Firms Associations (SFA)
    • Central Bank 
    • Coimisiún na Mean
    • Commission for Communications Regulation (ComReg)
    • Commission for Regulation of Utilities (CRU)
    • Companies Registration Office
    • Competition and Consumer Protection Commission
    • Eirgrid
    • Enterprise Ireland 
    • Environmental Protection Agency (EPA)
    • ESB Networks
    • Fáilte Ireland
    • Gas Networks Ireland
    • Health & Safety Authority
    • IDA Ireland
    • Transport Infrastructure Ireland (TII)
    • Office of the Revenue Commissioners
    • Immigration Service Delivery

    Back to Department News

    Back to Top

    MIL OSI Europe News –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 11.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  11.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 11.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           11.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 000 Shares
    Average price/ share    6,3000 EUR
    Total cost            6 300,00 EUR
         
         
    Siili Solutions Plc now holds a total of 9 198 shares
    including the shares repurchased on 11.6.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    The MIL Network –

  • MIL-OSI Economics: CNB issues its first-ever coin with an optical see-through element

    Source: Czech National Bank

    The Czech National Bank (CNB) is issuing a CZK 500 commemorative silver coin featuring the legendary Czech jet trainer, the Aero L‑39. The coin features a unique optical see-through element, which allows the aircraft’s silhouette to be seen in three-dimensional space. The coin is available for purchase from 11 June 2025.

    This latest silver coin is the fifth and final in the thematic series Famous Means of Transport in this issuance period. “The Aero L‑39 symbolises top-tier Czechoslovak aerospace engineering. This legendary aircraft has become both a technical and export icon and marks a significant milestone in Czech industrial history. It has rightly earned its place among the five coins for which we at the CNB chose exceptional technical processing,” said CNB Bank Board member Karina Kubelková.

    This is the first coin in the history of the CNB’s numismatic issues to feature an optical see-through element. “If you shine a laser through the coin’s see-through section, you will see the silhouette of two aircraft,” Karina Kubelková highlighted the creative element. She added that the silhouette can also be viewed without a laser by looking through the coin towards a point light source, such as a phone flashlight or pocket torch.

    The CNB is issuing a total of 30,000 coins: 10,760 in normal quality and 19,240 in proof quality. The coin is minted from an alloy containing 925 parts silver and 75 parts copper. It weighs 25 grams and has a diameter of 40 mm. It is issued in two versions, normal quality and proof quality. Proof-quality coins have a polished field and a matt relief.

    The design of the coin was chosen in an art competition. At the recommendation of an expert committee, the CNB Bank Board selected the design submitted by Zbyněk Fojtů. On the obverse side of the CZK 500 coin, he depicted the front view of the Aero L‑39 jet with part of the instrument panel below it, containing three flight instruments. The central flight instrument with an artificial horizon is depicted as an optical see-through element. The reverse side of the coin features two jets in flight and a mirror-reversed depiction of the flight instrument with an artificial horizon.

    The coin’s denomination of CZK 500 does not equal the sale price, which is higher and reflects, among other things, the current price of silver, production costs and VAT. The coins were minted by Česká mincovna, a. s., in Jablonec nad Nisou and are available for purchase from selected contractual partners (in Czech only). The CNB does not sell numismatic material directly to the public.

    The Aero L‑39 silver coin is the fifth in the Famous Means of Transport series. Previous coins in the series feature the Škoda 498 Albatros steam locomotive, the Jawa 250 motorcycle, the Tatra 603 car and the ČKD Tatra T3 tram. More commemorative coins will be issued in the Famous Means of Transport II series from 2026 to 2030. The whole schedule of issuance of coins and banknotes is available on the CNB website.

    Aero L-39 jet

    The Czechoslovak company Aero Vodochody began developing the new L‑39 Albatros jet trainer in the 1960s, building on experience with the L‑29 Delfín. The project was led by Jan Vlček in cooperation with the Soviet Central Aerohydrodynamic Institute. The aircraft was powered by the Ivchenko AI‑25 turbofan engine, which was produced under license as the AI‑25W at the Motorlet plant in Prague. The first flight took place in 1968 and serial production began in 1971. The Aero L‑39 received many accolades, was showcased at the Paris Air Show in 1977 and was successfully exported to many countries. By 1993, nearly 2,800 jets had been produced. The aircraft’s development continued with modernised versions, including the L‑159 and the latest L‑39NG.

    Jaroslav Krejčí
    CNB Spokesperson

    MIL OSI Economics –

  • MIL-OSI USA: Pickleball Company Owner Waives Discharge of Over $47M in Unsecured Debt After USTP Investigation

    Source: US State of California

    A pickleball entrepreneur who was forced into bankruptcy by investors he lured with promises of generous returns recently agreed to waive his bankruptcy discharge after an investigation by the Justice Department’s U.S. Trustee Program (USTP), preventing the discharge of more than $47 million in unsecured debt.

    On May 14, the Bankruptcy Court for the Southern District of Indiana approved a voluntary waiver of discharge by debtor Rodney Grubbs, owner of All About Pickleball LLC, an apparel and equipment company that did business as Pickleball Rocks. As a result, Grubbs remains personally liable for his debts, and creditors are free to pursue payment from him after the case is closed.

    Grubbs solicited investments from pickleball players and fans from across the United States, usually in the form of promissory notes with purportedly guaranteed interest rates of 10 percent or higher. In December 2023, several unpaid investors filed an involuntary bankruptcy petition against Grubbs under chapter 7 of the Bankruptcy Code. Grubbs opposed the petition, but after a hearing in which he testified to using new investors’ funds to pay back previous investors, the bankruptcy court granted the involuntary petition and ordered the case to proceed. Grubbs eventually disclosed nearly $1.6 million in assets and more than $47 million in liabilities, the vast majority of them unsecured debts owed to hundreds of individuals.

    As part of its extensive investigation, the USTP’s Indianapolis office obtained Grubbs’ personal and business financial records and examined him under oath. Ultimately, Grubbs — who also faced allegations from multiple creditors consistent with a Ponzi scheme — elected to waive his bankruptcy discharge.

    “The USTP is committed to addressing fraudulent and abusive conduct that threatens the integrity of the bankruptcy system,” said U.S. Trustee Nancy J. Gargula for Region 10, which includes the Southern District of Indiana. “Our commitment to protecting consumers and those who fall victim to various schemes that come to light in bankruptcy is unwavering.”

    The USTP’s mission is to promote the integrity and efficiency of the bankruptcy system for the benefit of all stakeholders — debtors, creditors and the public. The USTP consists of 21 regions with 89 field offices nationwide and an Executive Office in Washington, D.C. Learn more about the USTP at www.justice.gov/ust. 

    MIL OSI USA News –

  • MIL-OSI Security: Pickleball Company Owner Waives Discharge of Over $47M in Unsecured Debt After USTP Investigation

    Source: United States Attorneys General

    A pickleball entrepreneur who was forced into bankruptcy by investors he lured with promises of generous returns recently agreed to waive his bankruptcy discharge after an investigation by the Justice Department’s U.S. Trustee Program (USTP), preventing the discharge of more than $47 million in unsecured debt.

    On May 14, the Bankruptcy Court for the Southern District of Indiana approved a voluntary waiver of discharge by debtor Rodney Grubbs, owner of All About Pickleball LLC, an apparel and equipment company that did business as Pickleball Rocks. As a result, Grubbs remains personally liable for his debts, and creditors are free to pursue payment from him after the case is closed.

    Grubbs solicited investments from pickleball players and fans from across the United States, usually in the form of promissory notes with purportedly guaranteed interest rates of 10 percent or higher. In December 2023, several unpaid investors filed an involuntary bankruptcy petition against Grubbs under chapter 7 of the Bankruptcy Code. Grubbs opposed the petition, but after a hearing in which he testified to using new investors’ funds to pay back previous investors, the bankruptcy court granted the involuntary petition and ordered the case to proceed. Grubbs eventually disclosed nearly $1.6 million in assets and more than $47 million in liabilities, the vast majority of them unsecured debts owed to hundreds of individuals.

    As part of its extensive investigation, the USTP’s Indianapolis office obtained Grubbs’ personal and business financial records and examined him under oath. Ultimately, Grubbs — who also faced allegations from multiple creditors consistent with a Ponzi scheme — elected to waive his bankruptcy discharge.

    “The USTP is committed to addressing fraudulent and abusive conduct that threatens the integrity of the bankruptcy system,” said U.S. Trustee Nancy J. Gargula for Region 10, which includes the Southern District of Indiana. “Our commitment to protecting consumers and those who fall victim to various schemes that come to light in bankruptcy is unwavering.”

    The USTP’s mission is to promote the integrity and efficiency of the bankruptcy system for the benefit of all stakeholders — debtors, creditors and the public. The USTP consists of 21 regions with 89 field offices nationwide and an Executive Office in Washington, D.C. Learn more about the USTP at www.justice.gov/ust. 

    MIL Security OSI –

  • MIL-OSI United Kingdom: Spending Review: Billions to back Scottish jobs

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Spending Review: Billions to back Scottish jobs

    UK Government’s Plan for Change delivers record settlement for Scottish Government with an extra £9.1 billion over the SR period to deliver public services

    Working people across Scotland will benefit from significant investment in clean energy and innovation, creating thousands of high-skilled jobs and strengthening Scotland’s position as the home of the United Kingdom’s clean energy revolution.  

    The UK Government has confirmed £8.3 billion in funding for GB Energy-Nuclear and GB Energy in Aberdeen. This is alongside an increased commitment to the Acorn Carbon Capture, Usage and Storage project, which will receive development funding.   

    The Spending Review, outlined today, Wednesday 11 June, announces targeted investment in Scotland’s most promising sectors to grow the economy and put more money in working people’s pockets.  It delivers an extra £9.1 billion over Phase 2 of the Spending Review, through the Barnett formula.

    The government also confirmed £25 million for the Inverness and Cromarty Firth Freeport.   

    These investments are part of a wider package, with funding for hydrogen production projects at Cromarty and Whitelee.

    Secretary of State for Scotland, Ian Murray, said:  

    Putting more money in the pockets of working Scots by investing in the country’s renewal is at the heart of this Spending Review and our Plan for Change.

    The Chancellor has unleashed a new era of growth for Scotland, confirming billions of pounds of investment in clean energy – including new development funding for Acorn – creating thousands of high-skilled jobs.

    Scotland’s leading role at the heart of UK defence policy has been strengthened and there is also significant investment in our trailblazing innovation, research and development sectors.

    And the Scotland Office will work with local partners to ensure hundreds of millions of pounds of new targeted support for Scottish communities and businesses goes to projects that matter to local people. This means that the UK Government is now investing almost £1.7 billion in dozens of important growth schemes across Scotland over 10 years.

    To maximise the benefit of recent trade deals with India, US and the EU we are continuing the Brand Scotland programme to promote inward investment opportunities boosting Scottish exports of our globally celebrated products.

    And we are delivering a record real-terms funding settlement for the Scottish Government with an extra £9.1 billion over the Spending Review period through the Barnett formula. That’s more money than ever before for them to invest in Scottish public services like our NHS, police, housing and schools.

    This is a historic Spending Review for Scotland that chooses investment over decline and delivers on the promise that there would be no return to austerity.

    Investment in Scotland to strengthen UK defence  

    Speaking in the House of Commons today, the Chancellor reaffirmed the government’s commitment to increase defence spending to 2.6% of GDP by April 2027, backing our Armed Forces, creating British jobs in British industries, and prioritising the security of Britain when it is most needed.  

    The long-term future of the Clyde is secured through an initial £250 million investment over three years which will begin a multi-decade, multi-billion pound redevelopment of HM Naval Base Clyde through the ‘Clyde 2070’ programme.   

    Investing in innovation and R&D  

    Scotland will also become home to the UK’s largest and most powerful supercomputer, with up to £750 million committed to its development at Edinburgh University. This world-class facility will give scientists across all UK universities access to extraordinary computer power, further strengthening Scotland’s research and innovation capability.   

    The UK Government is backing Scottish industry with a share of increased UK-wide R&D spending set to grow from £20.4 billion in 2025-26 to over £22.6 billion per year by 2029-30. Scotland will also benefit from a £410 million UK-wide Local Innovation Partnerships Fund.  

    Targeted support for Scottish communities   

    The government is also investing £160 million over 10 years for Investment Zones in the North East of Scotland and in Glasgow City Region, and confirming £452 million over four years for City and Growth Deals across Scotland.  

    A £100 million joint investment for the Falkirk and Grangemouth Growth deal with the Scottish Government (£50 million from UK Government and £50 million from Scottish Government), demonstrating the UK Government’s continued commitment to the Grangemouth industrial area.  

    A new local growth fund, and investments in up to 350 deprived communities across the UK, will maintain the same cash level as in 2025-26 under the Shared Prosperity Fund. The Ministry of Housing, Communities and Local Government and the Scotland Office, will work with local partners and the Scottish Government, to ensure money goes to projects that matter to local people. This investment will help drive growth and improve communities across Scotland.  

    Supporting Scottish businesses  

    The National Wealth Fund (NWF) is trialling a Strategic Partnership with Glasgow City Region to provide enhanced, hands-on support to help it develop and finance long term investment opportunities. The NWF has already made its first investment in Scotland with £43.5 million in direct equity for a sustainable packaging company, which is to build its first commercial-scale manufacturing facility near Glasgow.  

    Through its Nations and Regions Investment programme the British Business Bank is delivering £150 million across Scotland to break down access to finance barriers and drive economic growth.  

    The settlement also allocates £0.75 million each year to champion our ‘Brand Scotland’ trade missions to promote Scotland’s goods and services on the world stage and to encourage further growth and investment.

    A record settlement for Scottish public services   

    The Government has been clear that local decision-making against local priorities is central to delivering growth.   

    The Scottish Government will receive the largest real terms settlement since devolution began in 1998, with an average £50.9 billion per year between 2026-27 and 2028-29, enabling the Scottish Government to deliver for working people in Scotland.  This includes £2.9 billion per year on average through the operation of the Barnett formula, with £2.4 billion resource between 2026-27 and 2028-29 and £510 million capital between 2026-27 and 2029-30. 

    This investment and record settlement is made possible by the tough but necessary decisions taken in the October Budget.

    Updates to this page

    Published 11 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Foreign Minister Lin meets with Eswatini delegation led by Foreign Minister Shakantu

    Source: Republic of China Taiwan

    June 4, 2025  No. 194  On the afternoon of June 4, Minister of Foreign Affairs Lin Chia-lung met with a delegation from the Kingdom of Eswatini led by Minister of Foreign Affairs and International Cooperation Pholile Shakantu. During their meeting, they had an extensive exchange of views on such topics as bilateral cooperation, trade, and investment.  
    In his remarks, Minister Lin stated that he had visited Eswatini in late April as presidential special envoy to join the birthday celebrations for King Mswati III. He added that this meeting with Minister Shakantu and other ministerial-level officials from Eswatini just over one month later demonstrated the close and frequent interactions between the two countries and symbolized the strength of their diplomatic alliance. 
     
    Minister Lin took the opportunity to express appreciation once again to King Mswati III and the Eswatini government for their long-standing and staunch support for Taiwan in the international arena, such as at the recently concluded World Health Assembly, the United Nations, and other multilateral forums. He stressed that Eswatini’s consistent advocacy for Taiwan had touched the hearts of the people of Taiwan. 
     
    Minister Lin said that during his trip to Eswatini in April, he and King Mswati III had discussed such topics as strengthening bilateral economic, trade, investment, and tourism exchanges, as well as Taiwan’s assistance in building 5G smart cities and developing energy resources in Eswatini. He expressed confidence that the close collaboration between the two countries would spur Eswatini’s national development and better ensure the welfare of both peoples, stating that this would realize Taiwan’s vision of advancing allies’ prosperity and demonstrate that Taiwan could help and that Eswatini could serve as a leader on the African continent. 
     
    Minister Shakantu thanked Minister Lin for rapidly formulating a series of concrete plans following his trip to Eswatini in April that would advance bilateral cooperation and Eswatini’s development, underscoring Taiwan’s high regard for and steadfast commitment to its allies. She also expressed the hope to see greater investment and more tourists from Taiwan in Eswatini through the Diplomatic Allies Prosperity Project, thereby fueling bilateral exchanges.  
     
    Earlier on June 4, Deputy Minister of Foreign Affairs François Chihchung Wu hosted a luncheon for the delegation. Attendees at the luncheon included International Trade Administration Secretary General Amelia W. J. Day, Export-Import Bank of the ROC President Hsieh Fu-hua, Hua Nan Bank Vice Chairman T. Lin, MOFA Department of International Cooperation and Economic Affairs Director General Lien Yu-ping, and MOFA Department of West Asian and African Affairs Deputy Director General Chen Yung-po. They exchanged views with the members of the Eswatini delegation on a variety of issues. 
     
    Eswatini is an important diplomatic ally of Taiwan in Africa. MOFA will continue to maintain close interactions with the Eswatini government and actively seek to enhance mutually beneficial collaboration in all fields so as to realize the vision of advancing allies’ prosperity and thereby deepen and consolidate diplomatic relations between the two countries. (E)

    MIL OSI Asia Pacific News –

  • India’s PSUs and PSBs turn into wealth creators in last 11 years

    Source: Government of India

    Source: Government of India (4)

    The Prime Minister Narendra Modi-led government has strengthened India’s public sector undertakings (PSUs) in the last 11 years, turning them into wealth creators and making them integral to the nation’s growth, the data-focused X handle infoindata showed on Wednesday.

    With focused reforms, strategic autonomy, and capital support, PSU market cap surged across the energy, power, and infrastructure sectors.

    While NTPC saw its market cap reach Rs 3.27 lakh crore in 2025, from 0.99 lakh crore in 2014, Power Grid saw its market cap touch Rs 2.80 lakh crore in 2025, from 0.55 lakh crore in 2014 (till June 9), as per data sourced from the DIPAM and the Department of Public Enterprises.

    Other PSUs like IOCL, Power Finance, BPCL, GAIL, NHPC, BHEL, etc, also saw a meteoric rise in their market caps in the last 11 years.

    On the other hand, the market cap of public sector banks (PSBs) also surged in the last 11 years.

    The SBI saw its market cap reach Rs 7.32 lakh crore in FY26, from Rs 1.51 lakh crore in FY16.

    PNB saw its market cap touch Rs 1.29 lakh crore in FY26 from 0.06 lakh crore in FY16, while Bank of Baroda’s market cap reached Rs 1.28 lakh crore from 0.34 lakh crore in the same time frame, as per the data.

    “In 11 years, the Modi government transformed public sector banks from the NPA crisis of the UPA era to record market capitalisation through structural reforms such as asset quality review, bank mergers, targeted recapitalisation, and measures to resolve bad loans,” said infoindata on X.

    Meanwhile, India’s top public sector companies in the financial, power and energy sectors recorded a robust growth in profit during the January-March quarter of 2024-25, which is expected to further strengthen the government’s fiscal position.

    The country’s largest lender, State Bank of India (SBI), and insurance giant Life Insurance Corporation of India (LIC) led the charge with a net profit of Rs 18,643 crore and Rs 19,013 crore, respectively. SBI’s net profit for the financial year 2024-25 has now soared to Rs 70,901 crore, while LIC has recorded an impressive net profit of Rs 48,151 crore for the year.

    In the energy sector, Coal India earned a net profit of Rs 9,604 crore during the fourth quarter, while Indian Oil Corporation (IOC) registered a net profit of Rs 7,265 crore, with upstream oil exploration giant ONGC registering a net profit of Rs 6,448 crore during the quarter.

    In the power sector, the country’s largest electricity producer, NTPC, recorded a net profit of Rs 7,897 crore, while Power Finance Corporation (PFC), which also comes under the Ministry of Power, earned a robust Rs 8,358 crore. Power Grid Corporation of India also registered a strong profit of Rs 4,143 crore during the January-March quarter.

    (IANS)

  • MIL-OSI United Kingdom: expert reaction to R&D elements of the Spending Review

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on the R&D elements of the Spending Review, as announced by the Chancellor.

    Adrian Smith, President of the Royal Society, said:

    “The Chancellor has today backed British science with the commitment of £86bn over the next four years. This is a welcome show of support for the UK’s outstanding science base. In difficult circumstances this will give some certainty to those looking to lead research and invest in the UK.

    “It is good to see the Government recognise the skills gap, but we need a fundamental reset to maths and data education, for all ages, to equip young people with the skills they need for modern well-paid jobs. The Chancellor’s speech also had a welcome emphasis on a clean and secure energy future for the UK.

    “While today’s commitment to protecting the research and innovation budget is encouraging, we continue to lag behind our competitors in the G7 on research and innovation investment when we should be looking to lead. We must also go further to attract and retain global talent. The UK’s sky-high upfront visa costs are an unnecessary deterrent at a time when our competitors are rolling out the welcome mat for the brightest minds.”

     

    Steve Bates OBE, CEO of the UK BioIndustry Association (BIA), said:

    “The Chancellor’s investments in R&D through UKRI and scaling life science companies through the British Business Bank is a huge vote of confidence in our sector’s ability to drive economic growth.

    “Investments into life sciences and AI will transform drug discovery and deliver greater NHS efficiency, the Health Data Research Service could make the UK the go-to destination for health innovation, while new funding for medicines manufacturing will help us attract internationally mobile investments to the UK and create well-paid rewarding jobs across the country.

    “Greater operational freedom and budget for the British Business Bank will allow it to play an even greater role in boosting our venture capital ecosystem and complementing the Chancellor’s pension reforms to increase investment in Britain’s growth sectors. This is the critical element of the Chancellor’s Plan for Change that really must be delivered to the full, with no stone left unturned.

    “We await the Industrial Strategy and Life Sciences Sector Plan later this month to see the full details of how the spending plans announced today will be delivered in reality, and look forward to working in partnership with Government to make every penny count for Britain’s economy, people and patients.”

     

    Professor Dame Ottoline Leyser, UKRI Chief Executive, said:

    “This multi-year settlement confirms the government’s continued commitment to the critical role of research and innovation in delivering a high-productivity, high-growth economy, improving public services and creating high-quality jobs across the UK. 

    “Over the coming months we will work with the Department for Science, Innovation and Technology on the allocations process to ensure we can best support the research and innovation critical for the UK’s prosperity.” 

    Dr Joe Marshall, Chief Executive of NCUB said: 

    “We welcome the Government’s ongoing recognition that research and innovation are at the heart of sustainable economic growth. The headline commitment to an £86 billion R&D budget over four years is critical. Our analysis shows that every £1 invested in research leverages an additional £4 from business in the long term — generating profound economic, social, and cultural benefits for the UK. 

    “The Spending Review shapes not only the scale of funding for research, innovation, and skills but also its strategic direction. We applaud the pledge to extend R&D impact across the whole UK — notably through the new Local Innovation Partnerships Fund in England and reforms following the Green Book Review. The guidance for developing Local Growth Plans in England rightly references the critical importance of involving local businesses, higher education providers and bodies such as UKRI.”  

    “The allocation of the £86 billion research budget reveals important priorities. The substantial increase in defence-related R&D spending — rising from £1.7 billion in 2025/26 to £2.4 billion in 2028/29 — signals a shift in the research landscape that will have significant implications for the kinds of projects funded.” 

    “While the commitment to R&D funding is welcome, it is vital that key risks within the research and innovation system are addressed. UK universities play an indispensable and multifaceted role but continue to face severe funding pressures. The Chancellor’s acknowledgement that our universities are a national asset was encouraging, yet proper, sustained investment is essential to enable universities to drive UK innovation and progress forward.” 

     

    Dr Alicia Greated, Executive Director, Campaign for Science and Engineering (CaSE), said:

     “The Chancellor’s speech today has brought welcome confirmation of the announcements made at the weekend that the UK R&D budget is being protected in tough fiscal circumstances. Supporting UK R&D is an essential way to generate growth in the economy, ensure excellence in UK universities and research institutes, stimulate private sector innovation, and improve lives and livelihoods across the UK.

    “It is important that we now consider the full detail of the spending review publications, as well as, critically, future departmental allocations. CaSE will be working to analyse the plans and assess the impact they will have on the R&D sector, particularly as there are several promising new initiatives that will need accounting for alongside existing commitments””

    Declared interests

    The nature of this story means everyone quoted above could be perceived to have a stake in it. As such, our policy is not to ask for interests to be declared – instead, they are implicit in each person’s affiliation.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Ireland

    Source: IMF – News in Russian

    June 11, 2025

    • The Irish economy has performed well and entered 2025 in a strong position.
    • The domestic economy is projected to continue growing, albeit at a slower pace in a highly uncertain global environment.
    • There are significant external downside risks to growth and public finances, which are vulnerable to external trade and tax policy shifts.

    Washington, DC: On June 6, 2025, the Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Ireland.[1]

    The Irish economy has performed well. The domestic economy, as measured by the Modified Gross National Income, is estimated to have grown by about 4 percent in 2024. Robust consumption and strong net exports, dominated by foreign multinational enterprises (MNEs), contributed positively to growth. Headline inflation has fallen to target, while service inflation has been more persistent. The labor market remains tight, although pressures appear to be easing. The general government balance continued to register a sizeable surplus in 2024, supported by large corporate income tax receipts from multinational enterprises. Bank lending growth has strengthened, largely driven by housing and consumer loans.

    The domestic economy is projected to continue to grow, though at a slower pace in a highly uncertain global environment. The strong labor market and rising real incomes, as well as anticipated pick up in housing investment and government capital spending would support domestic demand. While the direct effect of the announced tariff measures is projected to be contained, heightened global uncertainty would though weigh on household and business spending decisions.

    There are significant downside risks to the growth outlook. The concentration of activity in a small number of MNEs leaves the economy and public finances vulnerable to external trade and tax policy shifts and firm- or sector-specific shocks. More broadly, a sustained reversal of globalization would put at risk the Irish economic model which has benefitted from free trade and capital flows. Domestically, supply-side constraints could delay the attainment of infrastructure and housing goals.

    Executive Board Assessment[2]

    Executive Directors welcomed the strong economic performance, which has been underpinned by robust domestic demand and prudent policies. Directors highlighted that while the outlook remains positive, there are considerable downside risks, given high global uncertainty and Ireland’s significant exposure to trade and investment shocks. Accordingly, Directors emphasized the need to maintain fiscal prudence, safeguard financial stability, and advance structural reforms to support resilience and growth.

    Directors recommended that fiscal policy continue to focus on building buffers, stepping up public investment, and reducing revenue uncertainty. Noting that the economy is operating at full capacity, Directors agreed that a broadly neutral fiscal stance with increased capital expenditure is appropriate as it would allow Ireland to address infrastructure needs without adding to aggregate demand. Important measures include enhancing public spending efficiency and broadening the tax base to reduce reliance on uncertain corporate tax revenue. Directors agreed that Ireland would benefit from a strengthened national fiscal framework that further ensures long-term fiscal sustainability and enhances the credibility and predictability of fiscal policy.

    Directors recognized the resilience of the financial sector, while underscoring the importance of continued close monitoring of financial stability risks. Noting the high global uncertainty, Directors emphasized the need for continued vigilance, as shocks to the non-bank sector could be transmitted to other parts of the financial system and the real economy. Directors agreed that the macroprudential stance is appropriate and that measures should continue to be reassessed as conditions evolve. While welcoming progress on reducing risks from the non-bank sector, Directors urged continued efforts to improve regulation and supervision and address data gaps in collaboration with international regulators and other jurisdictions.

    Directors emphasized the importance of enhancing resilience and competitiveness, amid external policy shifts and deepening geoeconomic fragmentation. Measures to promote linkages between domestic and multinational firms in innovation cooperation and improve infrastructure would help foster increased competitiveness. Directors also encouraged continued engagement in the EU to further strengthen the single market. Noting the potential dividends for growth, Directors acknowledged that Ireland is well-positioned to harness the benefits of digitalization and AI. They also highlighted the need to address supply-side constraints in housing, including by boosting productivity in the construction sector and enhancing housing policy certainty.

    Ireland: Selected Economic Indicators, 2021–30
         

    Projections

    		  
     

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030
     

    (Annual percentage change, constant prices, unless otherwise indicated)
     

    Output/Demand

    		                    

    Real GDP 1/

    16.3

    8.6

    -5.5

    1.2

    3.2

    2.1

    2.1

    2.2

    2.1

    2.3

    Real GNI* (growth rate) 2/

    13.9

    4.6

    5.0

    3.7

    2.4

    2.2

    2.0

    2.2

    2.3

    2.3

    Domestic demand

    -16.4

    8.0

    6.0

    -11.9

    7.6

    2.4

    2.4

    2.4

    2.5

    2.5

    Public consumption                 

    6.3

    3.0

    4.3

    4.3

    2.5

    2.5

    2.5

    2.5

    2.5

    2.5

    Private consumption                 

    8.9

    10.7

    4.8

    2.3

    2.3

    2.0

    2.0

    2.0

    2.1

    2.1

    Gross fixed capital formation

    -39.4

    3.7

    2.8

    -25.4

    20.0

    3.0

    3.0

    3.0

    3.0

    3.0

    Exports of goods and services

    14.1

    13.5

    -5.8

    11.7

    3.1

    2.2

    2.5

    2.5

    2.5

    2.5

    Imports of goods and services

    -8.7

    16.0

    1.2

    6.5

    4.9

    2.4

    2.8

    2.7

    2.8

    2.7

    Output gap

    3.4

    3.1

    1.0

    1.2

    0.9

    0.6

    0.3

    0.1

    0.0

    0.0
                         

    Contribution to Growth

    		                    

    Domestic demand

    -13.1

    4.7

    3.5

    -7.7

    4.4

    1.4

    1.4

    1.4

    1.5

    1.5

    Consumption

    3.0

    3.0

    1.6

    1.1

    1.0

    0.9

    0.9

    0.9

    0.9

    0.9

    Gross fixed capital formation

    -16.3

    0.8

    0.6

    -5.9

    3.4

    0.6

    0.6

    0.6

    0.6

    0.6

    Inventories

    0.2

    0.9

    1.3

    -3.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Net exports

    29.1

    3.3

    -9.1

    9.3

    -1.0

    0.7

    0.7

    0.8

    0.7

    0.8

    Residual

    0.3

    0.6

    0.1

    -0.3

    -0.2

    0.0

    0.0

    0.0

    0.0

    0.0
                         

    Prices

    		                    

    Inflation (HICP)

    2.4

    8.1

    5.2

    1.3

    1.9

    1.7

    1.8

    1.9

    2.0

    2.0

    Inflation (HICP, core)

    1.6

    5.0

    5.1

    2.4

    2.1

    2.2

    2.0

    2.0

    2.0

    2.0

    GDP deflator

    1.1

    6.8

    3.6

    3.3

    1.9

    1.4

    1.8

    2.1

    2.0

    2.0
                         

    Employment

    		                    

    Employment (% changes of level, ILO definition)

    6.5

    6.9

    3.4

    2.7

    1.5

    1.1

    0.8

    0.6

    0.6

    0.6

    Unemployment rate (percent)

    6.3

    4.5

    4.3

    4.3

    4.5

    4.7

    4.8

    4.8

    4.8

    4.8
                         
     

    (Percent of GDP)

    Public Finance, General Government

    		                    

    Revenue

    22.2

    22.3

    24.3

    27.8

    25.6

    25.7

    25.7

    26.1

    26.2

    26.2

    Expenditure

    23.5

    20.6

    22.7

    23.5

    24.2

    24.4

    24.6

    24.8

    24.9

    25.0

    Overall balance

    -1.4

    1.7

    1.5

    4.3

    1.4

    1.3

    1.1

    1.3

    1.3

    1.2

    in percent of GNI*

    -2.7

    3.3

    2.7

    7.4

    2.4

    2.3

    1.9

    2.3

    2.3

    2.0

    Primary balance

    -0.6

    2.3

    2.2

    4.9

    2.0

    1.9

    1.7

    2.0

    2.1

    2.0

    Cyclically adjusted primary balance

    -1.6

    1.4

    1.9

    4.4

    1.7

    1.7

    1.6

    1.9

    2.1

    2.0

    Structural primary balance 3/

    -0.6

    -0.6

    -0.4

    -0.8

    -0.9

    -0.9

    -0.9

    -0.8

    -0.7

    -0.7

    General government gross debt

    52.6

    43.1

    43.3

    40.9

    36.4

    34.4

    33.1

    31.6

    30.2

    29.0

    General government gross debt (percent of GNI*)

    102.3

    84.2

    75.9

    70.0

    62.8

    59.3

    57.1

    54.5

    52.1

    50.1
                         

    Balance of Payments

    		                    

    Trade balance (goods)

    37.5

    39.4

    30.6

    33.1

    36.6

    36.1

    35.7

    35.6

    35.8

    35.8

    Current account balance

    12.2

    8.8

    8.1

    17.2

    12.2

    11.6

    11.1

    10.6

    9.9

    9.2

    Gross external debt (excl. IFSC) 4/

    284.9

    229.9

    218.9

    198.0

    179.9

    166.4

    153.3

    140.6

    129.3

    118.9
                         

    Saving and Investment Balance

    		                    

    Gross national savings

    35.3

    31.7

    34.4

    34.6

    31.5

    30.9

    30.3

    29.9

    29.3

    28.8

    Private sector

    35.5

    29.0

    31.8

    29.2

    29.1

    28.6

    28.4

    27.7

    27.2

    26.8

    Public sector

    -0.2

    2.7

    2.6

    5.3

    2.4

    2.2

    2.0

    2.2

    2.2

    2.0

    Gross capital formation

    23.1

    22.9

    26.3

    17.4

    19.3

    19.2

    19.3

    19.2

    19.4

    19.5
                         
                         

    Memorandum Items:

    		                    

    Nominal GDP (€ billions)

    449.2

    520.9

    510.0

    533.4

    561.2

    581.1

    603.9

    630.2

    656.8

    685.2

    Nominal GNI* (€ billions)

    230.8

    267.0

    290.9

    311.8

    325.3

    337.0

    349.8

    364.9

    380.7

    397.2

    Modified domestic demand (percentage change) 5/

    8.0

    8.8

    2.6

    2.7

    2.1

    2.1

    2.2

    2.2

    2.3

    2.3
                         

    Sources: CSO, DoF, Eurostat, and IMF staff estimates and projections.

    		      

    1/ Real GDP growth is reported in non-seasonally adjusted terms. 

    		  

    2/ Nominal GNI* is deflated using GDP deflator as proxy, since an official GNI* deflator is not available.

    		      

    3/ Excludes estimated windfall CIT receipts. In 2024 also excludes CIT receipts of 2.5 percent of GDP following judgment by the Court of Justice of the EU.

    		  

    4/ IFSC indicates international financial services.

    		      

    5/ Modified Domestic Demand (MDD) measures Ireland’s domestic economic activity by excluding certain capital investment items such as aeroplanes purchased by leasing companies in Ireland and Intellectual Property purchases of foreign-owned corporations from final domestic demand.

    		  

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/10/pr25189-ireland-imf-executive-board-concludes-2025-article-iv-consultation-with-ireland

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Talkdesk shatters outdated customer experience paradigm with launch of Customer Experience Automation platform

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif. and LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) — Talkdesk®, Inc. today upended the customer experience (CX) market with the launch of Customer Experience Automation (CXA)—a new software category and platform purpose-built to automate the full complexity of modern customer journeys.

    Customer Experience Automation goes far beyond traditional contact center as a service (CCaaS) and customer relationship management (CRM) solutions. This next-generation platform replaces fragmented, manually coordinated workflows with a unified system of intelligent, autonomous artificial intelligence (AI) agents. These agents collaborate in real time to orchestrate and resolve complex challenges across the entire customer experience lifecycle.

    “For years, businesses have faced a false choice: deliver personalized service or operate efficiently at scale,” said Tiago Paiva, chief executive officer and founder of Talkdesk. “CXA ends that tradeoff. It’s not just automation—it’s coordinated, autonomous resolution of complex business problems with speed, scale, and impact, without sacrificing the personal touch customers expect.”

    The pursuit of effective, scalable processes to solve complex customer situations isn’t new, but the specialization of tools and expertise to address them has often led to dated systems, siloed knowledge, and fragmented data—ultimately breaking the customer journey into disjointed pieces. Spotty attempts at automation have frequently resulted in a patchwork of disconnected bots and brittle integrations that deliver poor and inconsistent experiences, eroding customer trust rather than building it.

    The Talkdesk CXA platform is engineered to shatter this paradigm. It introduces a new operating system for customer experience—built on multi-agent AI orchestration and fueled by the Talkdesk Data Cloud, which unifies structured and unstructured data across every customer interaction, channel, and system of record. By turning transcripts, call recordings, messages, and case notes (combined with customer data points from multiple CRMs and specialized systems) into actionable knowledge, the Data Cloud gives AI agents the context they need to solve real business problems intelligently, autonomously, and at scale.

    This foundation powers a virtuous cycle of automation: discover high-impact opportunities, build intelligent workflows, orchestrate coordinated teams of AI agents, and measure outcomes to drive continuous improvement.

    With multi-agent orchestration, Talkdesk CXA moves beyond one-size-fits-all automation. Instead of relying on a single system or bot to handle everything, it deploys a network of specialized AI agents—each with a clear role, shared context, and the ability to collaborate in real time. This makes it possible to automate complex, cross-functional processes that span the front and back offices with precision, speed, and adaptability.

    “With the launch of CXA, Talkdesk is taking a fundamentally different approach,” said Zeus Kerravala, founder of ZK Research. “Rather than simply layering AI onto legacy infrastructure, they have created a platform focused on autonomous, multi-agent orchestration. This innovation allows enterprises to automate complex workflows with precision—an area where traditional solutions often fall short.”

    Talkdesk CXA is also built for speed. With preconfigured use cases, low- and no-code tooling, and both industry-specialized and general-purpose AI agents, organizations can go live fast and start seeing value quickly. Talkdesk CXA supports everything from cross-industry workflows to vertical-specific journeys in healthcare, financial services, retail, utilities, and government. Whether automating a single high-friction workflow or scaling across business units, it accelerates time to value.

    As part of the Talkdesk CXA launch, Talkdesk also introduced a new AI agent for omnichannel campaigns. This agent automates high-volume outbound voice campaigns. Businesses can easily scale appointment reminders, billing alerts, service updates, and other time-sensitive communications without taking up live agents’ time. It’s a powerful way to improve reach, reduce costs, and deliver timely engagement across outbound service and sales use cases.

    “The customer experience bar is higher than ever, and getting it right is no longer a differentiator—it’s essential for survival,” stated Paiva. “Talkdesk CXA represents a monumental leap forward. We’ve gone deeper into problem-solving for specific industries, uncovering unique use cases where traditional solutions failed. Our new CXA platform is not about flimsy automations or bolted-together tools; it’s about intelligent, coordinated, autonomous, and outcome-focused resolution that transforms the entire customer lifecycle.”

    Automating Customer Experience for Enterprises Worldwide

    Talkdesk CXA replaces reactive, human-coordinated workflows with a dynamic network of AI agents, each designed for specific tasks and orchestrated to operate as a single, intelligent system in any industry. Whether it’s a pharmacy callback, fraud alert, or complex insurance claim, CXA executes seamlessly across systems, roles, and channels with a personal touch that customers expect and appreciate.

    More than half of Talkdesk customers are already leveraging CXA capabilities, including BankUnited, Ouro Global, United Rentals, Memorial Healthcare, Michaels, and TEKA.

    “As a health system, we need solutions built specifically for our needs and for the communities we serve, and Talkdesk consistently delivers. Having leveraged their advanced AI tools, we’re particularly excited about the new CXA platform. It’s a monumental leap, with its autonomous, multi-agent AI approach and industry-specific capabilities set to transform how we orchestrate seamless healthcare consumer interactions and critical operational workflows. This is a key differentiator for us,” said Jeffrey Sturman, senior vice president and chief digital information officer at Memorial Healthcare System.

    “Our long-standing partnership with Talkdesk is grounded in a shared drive to innovate and elevate how businesses connect with their customers. That’s why we’re excited about—but not surprised by— their latest announcement. Talkdesk continues to demonstrate its commitment to pushing the boundaries of what’s possible in this space. Their new Customer Experience Automation platform is a bold step forward, and we believe it has the potential to fundamentally change how organizations design and deliver customer journeys,” said Amber Scott, vice president of customer experience at Serta Simmons Bedding.

    “Talkdesk consistently delivers innovation built for the specific needs of our industry. We’ve leveraged their advanced AI to improve banking interactions, and the new CXA platform is truly transformational. Its autonomous, multi-agent AI approach redefines how we deliver intelligent, secure, and outcome-focused service, cementing Talkdesk as a vital partner,” said Jeiner Morales, senior vice president and director of data analytics and business systems at BankUnited.

    “When CAI chose Talkdesk, we went all in. We harnessed everything we felt we needed to hit the ground running and maximize ROI as quickly as possible, including Talkdesk Workforce Management, Customer Experience Analytics, and Talkdesk Copilot—all components of Talkdesk CXA,” said Thomas Grosso, executive director of service desk at CAI.

    Built for Trust and Scale

    Talkdesk has been at the forefront of AI innovation since 2018, putting AI at the core of better customer experiences. Talkdesk CXA is built with inherent AI guardrails to mitigate hallucinations, ensure policy compliance, and provide human-in-the-loop oversight, making AI agents as trustworthy as highly trained human agents.

    A unique differentiator of the platform is the AI Gateway that enables Talkdesk CXA to sit on top of any third-party contact center, whether on-premises or cloud-based. This allows businesses to seamlessly integrate Talkdesk AI-driven solutions, optimizing self-service, agent assistance, quality management, and security to deliver superior customer experiences, without replacing existing systems.

    While powerful on its own, CXA truly shines as part of Talkdesk CX Cloud, which gives businesses every part of the contact center platform—from voice to digital and performance and workforce management—with CXA built inside. Talkdesk is globally recognized as a modern cloud-based contact center, but what sets the company apart is its commitment to AI innovation and how seamlessly it’s woven throughout both the customer and agent journey. CXA now takes this to a whole new level.

    Talkdesk is showcasing Talkdesk Customer Experience Automation at Customer Contact Week (CCW) Las Vegas at Caesar’s Forum in booth 638.

    About Talkdesk

    Talkdesk® is leading a new era in customer experience with Customer Experience Automation (CXA)—a new category and platform designed to automate the full complexity of modern customer journeys. CXA replaces fragmented, human-coordinated workflows with autonomous, multi-agent AI orchestration that delivers intelligent, scalable, and outcome-focused service across the entire CX lifecycle.

    At the core of CXA is the Talkdesk Data Cloud, which turns transcripts, call recordings, case notes, and customer records from across CRMs and systems of record into real-time, actionable knowledge. This enables AI agents to operate with full context, collaborating seamlessly to resolve complex customer problems with speed, precision, and adaptability.

    Talkdesk CXA supports both cross-industry workflows and industry-specialized use cases in sectors like healthcare, financial services, retail, utilities, travel, and government. With prebuilt AI agents, a virtuous automation cycle (Discover, Build, Orchestrate, Measure), and rapid time-to-value, Talkdesk helps enterprises modernize customer experience without the need for a full rip-and-replace.

    Trusted by global brands and recognized for continuous innovation, Talkdesk empowers organizations to grow revenue, reduce costs, and transform service delivery through coordinated, AI-driven automation. Companies that love their customers use Talkdesk.

    Talkdesk is a registered trademark of Talkdesk, Inc. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

    Media Contact:

    Talkdesk Public Relations

    pr@talkdesk.com

    The MIL Network –

  • MIL-OSI Banking: In its first gaming partnership, Louvre launches Age of Empires exhibition

    Source: Microsoft

    Headline: In its first gaming partnership, Louvre launches Age of Empires exhibition

    Emma Bridle

    Today we are thrilled to announce that Age of Empires is partnering with the world’s most-visited museum, the Louvre in Paris!

    On April 30th, the Louvre launched an exhibition on the Mamluk sultanate (1250-1517), a European first. The exhibition aims to share the story of this golden age of the Islamic Near East, showcasing its breadth and richness, all told from a transregional perspective. The Mamluks appear in three Age of Empires titles and players around the world have discovered their prowess and story through our games since 1999.

    With a shared passion for history at its heart, this collaboration between Age of Empires and the Louvre serves to share the story of the Mamluks to people around the world and encourage them to learn more about this golden age of medieval history, which isn’t often told.

    Throughout the month of June, we’ll be collaborating both at the museum in Paris and online. For an overview of our collaboration, check our dedicated webpage.

    Age of Empires and the Louvre Partnership Page

    You’ll be able to experience content from the partnership at the museum, on our websites, on social media and via the first ever livestream from the museum, on June 12th, starting at 11:00 AM PT (2:00 PM ET / 18:00 UTC).

    We are so honored to be working with the Louvre, we share a passion for sharing the stories of history with the world.

    “World’s Edge is honored to collaborate with Le Louvre. The Age of Empires franchise has been bringing history to life for more than 65 million players around the world for almost 30 years. We’ve always believed in the great potential for our games to spark an interest in history and culture. We often hear of teachers using Age of Empires to teach history to their students and stories from our players about how Age of Empires has driven them to learn more, or even to pursue history academically or as a career. This opportunity to bring the amazing stories of the Mamluks to new audiences through the Louvre’s exhibition is one we’re excited to be a part of. We hope that through the excellent work of the Louvre’s team, the legacy of the Mamluks can be shared around the world, and that people enjoy their stories as they come to life through Age of Empires.”

    — Michael Mann, Studio Head at World’s Edge

    The Mamluks in Age of Empires

    The Mamluks have been an iconic part of the Age of Empires franchise since Age of Empires II (1999). Players today can experience these mighty warriors in Age of Empires II: Definitive Edition, Age of Empires III: Definitive Edition, and in Age of Empires IV (via the best-selling Sultans Ascend DLC).

    There’s more information about how you can play as the Mamluks in Age games on our partnership webpage.

    Play as the Mamluks in an All-New Scenario

    To celebrate the partnership, we’re releasing a brand new custom scenario for Age of Empires II: Definitive Edition on PC, “Ayn Jalut”. Created by World’s Edge Senior Business Manager, and famed Age campaign designer, Ramsey Abdulrahim. In this scenario, you play as Baybars before the pivotal battle when the fate of the Muslim world held in the balance. Prepare your forces, set up your ambushes, and use your cunning and strategy to overcome the Mongol horde. Like the Mamluks, can you be the first to defeat the Mongols?

    When finished, try again and best your friends for the highest score!

    The entire world trembled before the Mongols. Rulers of China and Persia, the fearsome horsemen swept through the cities of the Islamic world, leaving ruins. Only Baybars and the Mamluks of Egypt stood in their way. Baybars had gathered an army at Ayn Jalut, the site where the Biblical David slew the giant Goliath. Baybars had been born a thousand miles away, but he knew the Mongols well: they had slaughtered his family and sold him–as a mere boy–into slavery. At Ayn Jalut, he was determined to have his revenge–and slay his own giant.

    The Mamluks and the Exhibition

    The Mamluks, freed slave-soldiers of primarily Turkish (and later Caucasian) origin, built their legend on their military prowess. They conquered the last bastions of the Crusaders, fought and repelled the Mongols, survived Timur’s invasions and kept threatening neighbors at bay, before succumbing to Ottoman expansion. The sultanate encompassed a vast territory, including Egypt, Bilad al-Sham (modern day Syria, Lebanon, Israel/Palestine and Jordan), parts of Eastern Anatolia and the Hejaz region of Arabia, which includes Mecca and Medina.

    The exhibition takes visitors beyond the military legend of the Mamluk sultanate and shows the complex and multi-faceted society they formed. They created a world in which sultans mingled with emirs and rich civil elites, all actively engaging in artistic patronage. Women had active roles in Mamluk society, as well as Christian and Jewish minorities. At the meeting point of Europe, Africa and Asia, people and ideas circulated, as well as arts and trade.

    The exhibition is an unprecedented opportunity to discover this glorious and yet little-known empire, through a collection of masterpieces from around the world. Visitors will be exposed to a new perspective on medieval Egypt and the Near East.

    To make sure you can enjoy all the partnership content, make sure you’re following Age of Empires and the Louvre on social media!

    MIL OSI Global Banks –

  • MIL-OSI Analysis: Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course

    Source: The Conversation – Global Perspectives – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    The governments of Ghana and Zambia recently took a decision that could have serious consequences for other African countries. The decision relates to arrangements on how the two countries will repay the debt they owe to Africa Export-Import Bank (Afreximbank).

    They have both taken decisions to relegate Afreximbank to a commercial lender from a preferred creditor. This means that the terms on which Afreximbank has lent money to these two countries will change. And it will lose certain protections. For example preferred creditors are repaid first, before any other lenders.

    This protects preferred creditors’ balance sheets and enables them to continue lending during crisis periods when others cannot. In contrast, commercial banks get paid later or might not get paid at all. This higher risk factor means that they charge higher rates.

    Based on decades of researching Africa’s capital markets and the institutions that govern them it’s my view that the long-term consequences of this precedent are detrimental. If other African borrowers follow suit, treating loans from African multilateral development banks as ordinary commercial debt during restructuring, it will erode the viability of these institutions. Investors who fund Afreximbank through bonds and capital markets may reassess its risk profile, pushing up its cost of funding and making future lending less affordable.

    The ultimate losers will be African countries themselves, especially those with limited access to international capital. Afreximbank, along with other African financial institutions, is a lifeline for trade finance, infrastructure development, and crisis response. Undermining its legal protections weakens the continent’s capacity for self-reliant development.

    Afreximbank was created under the auspices of the African Development Bank (AfDB) in 1993. It was set up with a public interest mandate to develop African trade and promote integration. Its legal status and structural features place it closer to international multilateral development banks than to private creditors, justifying its treatment as a preferred creditor.

    The decision by Accra and Lusaka signals lack of confidence in African financial institutions. It suggests that they do not trust them to the same extent as global institutions like the International Monetary Fund and World Bank. These are treated as preferred creditors, on the assumption that they will lend to countries in crisis or distress when commercial lenders retreat.

    The actions of Ghana and Zambia set a dangerous precedent by sidelining African financial institutions in favour of external creditors. That risks weakening Africa’s financial institutions and undermining the very concept of African solutions to African problems. Investors will become more sceptical and pessimistic, demanding more interest.

    The continent needs to develop an ability to independently design, finance and implement its economic development policies without support from external financial institutions. Afreximbank helps to achieve this through financing African-designed infrastructure and counter-cyclical lending.

    Ghana and Zambia still have an opportunity to correct course. In my view they should do so for the sake of the bank, its member states and the future of African economic sovereignty.

    The background

    Ghana and Zambia have both defaulted on their external bonds in the last four years. Zambia in October 2020 and Ghana in December 2022. This forced them to negotiate new sustainable terms with creditors.

    During their respective debt negotiations, both countries have announced that they would include African multilateral development banks such as Afreximbank and the Trade and Development Bank in the debt restructuring.

    This followed private and bilateral creditors contesting unequal distribution of restructuring burdens, where they face losses while some multilateral institutions are shielded. The International Monetary Fund and World Bank, which are preferred creditors, do not fund infrastructure, they only offer balance of payments support.

    The decision by Ghana and Zambia to relegate Afreximbank was made during an ongoing comprehensive debt restructuring. Ghana and Zambia have been negotiating with creditors for over a year in an attempt to resolve their sovereign debt crises.

    The two countries were complying with International Monetary Fund supported restructuring terms. Bilateral creditors were also demanding fair burden sharing with African multilateral banks.

    Afreximbank: not just another lender

    Ghana and Zambia don’t have a legal leg to stand on.

    Afreximbank’s preferred creditor status is not an informal privilege but derives from Article VX(1) of its founding agreement. The agreement has been signed and ratified by member states into national laws, including Ghana and Zambia.

    This status is further reinforced by the bank’s diplomatic immunities and privileges and its ability to operate across African jurisdictions under protected legal frameworks. The role of Afreximbank, therefore, goes beyond that of a traditional commercial bank.

    Preferred creditor status protects development finance institutions in a number of ways. The biggest protection is that lenders are prioritised for repayment. This protects their balance sheets, enabling them to continue lending when others cannot.

    A preferred creditor status is accorded for a reason. It is to ensure that development finance institutions can lend in times of distress with confidence, on the guarantee that they will be repaid ahead of other creditors. Country actions that violate this principle disrupt the implicit covenant that enables counter-cyclical financing. This is breaking the financial lifeline that countries might need when nobody else is willing to help them. This is precisely the kind of support that Ghana and Zambia relied on during their respective debt crises in December 2022 and October 2020, respectively.

    A bank that has consistently stepped up

    It is worth recalling that during the COVID-19 pandemic (2019–2021) and again when global markets closed access to Eurobond issuances for African countries, investors didn’t want to lend African countries for fear of defaulting. Afreximbank was one of the few institutions that continued to lend to African sovereigns. This included US$750 million to Ghana and US$45 million to Zambia.

    When Ghana, Zambia and other commodity export-dependent countries faced acute foreign currency shortages and tightening global liquidity caused by the 2015/16 commodity crisis of low prices, Afreximbank did not hesitate to deploy resources.

    Zambia has also benefited significantly from Afreximbank’s trade and development finance in energy, agriculture and healthcare. These are areas that many commercial banks view as too risky or low-margin.

    For Zambia and Ghana to classify Afreximbank in the same category as hedge funds, bondholders or purely commercial lenders, is ahistorical and unwarranted.

    Restructuring loans from Afreximbank risks inadvertently raising the cost of capital for African countries. If Afreximbank can no longer be shielded under preferred creditor status norms, it may be forced to adopt more conservative lending practices, charge higher risk premiums or retreat from high-risk markets altogether.

    The knock-on effect is reduced access to affordable, timely financing for countries that need it most.

    Afreximbank has rejected the idea that its loans ought to be restructured.

    Ghana and Zambia should correct course

    Ghana and Zambia still have an opportunity to correct course. They can reaffirm Afreximbank’s preferred creditor status, exclude it from restructuring tables meant for commercial creditors, and honour their legal commitments.

    In doing so, they would not only preserve their reputations as reliable debtors but also strengthen the broader fabric of African financial solidarity.

    African countries must be cognisant that no one else will build their institutions for them. If they do not defend and respect them, they cannot expect the rest of the world to do so. The credibility, sustainability and legitimacy of Africa’s financial independence depends, in large part, on how they treat the institutions they have built.

    The decision to treat Afreximbank and the Trade and Development Bank like commercial lenders is short-sighted and self-defeating. It must be reversed.

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

    – ref. Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course – https://theconversation.com/ghana-and-zambia-have-snubbed-africas-leading-development-bank-why-they-should-change-course-258467

    MIL OSI Analysis –

  • MIL-OSI: Ataccama establishes Partner Advisory Board to shape the future of data trust and enterprise AI

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 11, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today announced its inaugural Partner Advisory Board, a global cohort of data management leaders convening this week in Boston. The board deepens alignment across Ataccama’s technology and services ecosystem and gives market-leading partners a formal seat at the table to shape product direction and platform strategy. It marks a new phase in the company’s evolution, where the ecosystem amplifies how Ataccama builds, sells, and scales.

    The board marks the next phase in Ataccama’s partner ecosystem evolution. Over the past year, the company has helped solution partners grow their Ataccama-related services revenue by 10x, co-developed accelerators to shorten time-to-value, and expanded integrations with technology partners, including Snowflake and Atlan. Its partner-sourced pipeline has climbed 67% year-over-year, culminating in one of the largest deals in company history. These partnerships have helped customers accelerate cloud migrations, improve data quality at scale, and deploy AI-ready data architectures faster than ever.

    “This board connects us with the people delivering outcomes in the field,” said Jessica Goulart, Global Vice President of Partnerships at Ataccama. “Each leader was selected for their strategic perspective across industries like financial services, manufacturing, and insurance. They bring insight into what customers need, where the gaps are, and how the market is shifting. That input directly shapes how we evolve our platform to meet the real demands of modern enterprises.”

    “Ataccama isn’t just building tools. The focus on cloud and AI shows real foresight in how they are advancing the platform to drive value for businesses,” said Bill Romenesko, Principal, MDM/Data Governance at Capgemini. “Being part of the Partner Advisory Board gives us a meaningful opportunity to help shape where the platform is headed to ensure the technology continues to align with how our customers evolve their business strategies.”

    The group includes leaders who have built and delivered enterprise-grade data programs across highly regulated industries, such as finance and insurance. Each has directly influenced Ataccama’s partner-led success, advising clients, expanding adoption, and opening new market opportunities. This board operates as a working body that creates a direct feedback loop between Ataccama’s leadership and the experts driving outcomes in the field.

    “It’s a real engine for growth, collaboration, and leadership,” explained Goulart. “Our partners now have a seat at the table to influence go-to-market strategy, drive scale, and help shape how data trust is delivered across the ecosystem. This board turns momentum into long-term advantage, powered by the people building real outcomes every day.”

    The Partner Advisory Board complements Ataccama’s Customer Advisory Board and Strategic Advisory Board, which include leaders from Truist, MetLife, M&T Bank, Stanley Black & Decker, Allianz, and Thermo Fisher Scientific. These boards provide Ataccama with a 360-degree view of the market, shaping product direction, customer experience, and long-term strategy across the ecosystem. 

    Learn more about Ataccama’s Partner Program: https://www.ataccama.com/partners 

    About Ataccama
    Ataccama is the data trust company. Organizations worldwide rely on Ataccama ONE, the unified data trust platform, to ensure data is accurate, accessible, and actionable. By integrating data quality, lineage, observability, governance, and master data management into a single solution, Ataccama enables businesses to unlock value from their data for AI, analytics, and operations. Trusted by hundreds of global enterprises, Ataccama helps organizations drive innovation, reduce costs, and mitigate risk. Recognized as a Leader in the 2025 Gartner Magic Quadrant for Augmented Data Quality and the 2025 Magic Quadrant for Data and Analytics Governance, Ataccama continues to set the standard for trusted data at scale. Learn more at www.ataccama.com.

    Media contact 
    press@ataccama.com

    The MIL Network –

  • MIL-OSI Russia: Channel Five won the competition to organize and broadcast the Scarlet Sails 2025 graduation celebration.

    Translation. Region: Russian Federal

    Channel Five will once again act as the organizer of the Scarlet Sails holiday, and will also conduct a live broadcast of the legendary graduation on June 28, 2025. The customer is the Committee for Printing and Interaction with the Mass Media. The results of the competitive selection are published on the official website of the Government of St. Petersburg.

    Channel Five was at the origins of the revival of the Scarlet Sails. The Leningrad graduation ball was first held in 1968, but eleven years later the beautiful annual tradition was interrupted. 20 years ago, on the initiative of Joint-Stock Bank “ROSSIYA”, the Government of St. Petersburg and Channel Five, the ship with scarlet sails reappeared in the waters of the Neva. Channel Five has been the organizer of the water-pyrotechnic show for several years in a row. Also, since 2005, it has been providing a live television broadcast of the legendary graduation.

    Mikhail Kolpakhchiev, chief director of the water-pyrotechnic show “Scarlet Sails-2025”:

    – Every time we come up with new solutions, not only ideological and semantic, but also visual. We try ideas that perhaps no one has ever implemented. We work in a complex genre, where there is an eclecticism of stage art, cinema, choreographic types of creativity. There are definitely many implemented ideas in this direction, so we always have a super task – to implement something new, fresh, mix or cross something with something and get an original effect. I hope we will manage to surprise the audience.

    Now the legendary graduation is a calling card not only for St. Petersburg, but for all of Russia, a multiple winner of prestigious world competitions and awards in the event industry. In April of this year, the holiday received a prestigious award at the XIII annual national award “Event of the Year” in the nomination “Best Direction and Production of the Event” in the category “Innovative Solution of the Year”.

    Roman Butovsky, director of the television broadcast of the Scarlet Sails 2025 festival:

    – “Scarlet Sails” is a landmark event for all television people, in which a huge number of people are involved. A large territory that needs to be covered by cameras. And for us, the broadcast is a kind of creative report.

    In 2024, Scarlet Sails was seen by a record number of viewers – almost 37 million. The television audience of the festival in Russia and the CIS countries was 25.5 million people. The number of views of the online broadcast on the Internet was 11.3 million.

    The share of the entire celebration on Channel Five in the key audience for the channel “All 25-59” reached 7.7%. This is a record figure for the entire history of the graduation.

    The broadcast of the water-pyrotechnic show on Channel Five took first place in the federal broadcast in the same audience “All 25-59” with a share of 11.4%.

    Since 2020, the water-pyrotechnic show has been broadcast by other federal channels. A year ago, the combined share of the colorful extravaganza on the air of four broadcasters was 26.6% among viewers over 18 years old.

    The material was prepared by the press service of Channel Five

    MIL OSI Russia News –

  • MIL-OSI United Nations: Deputy Secretary-General’s remarks to the Opening of the Eighteenth Session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities [as delivered]

    Source: United Nations secretary general

    Welcome to the 18th session of the Conference of States Parties to the Convention on the Rights of Persons with Disabilities.

    On behalf of the Secretary-General, I extend my deepest gratitude to all of you for all you do to advance the rights of persons with disabilities around the world.

    A special welcome to civil society, and in particular, to the organizations led by persons with disabilities.

    Your presence fills this Hall with purpose.

    Advancing equality and expanding opportunities for people with disabilities is not only close to my heart – it is central to the vision of the Secretary-General and the UN Disability Inclusion Strategy.

    It is a test of our common values. Inclusion of persons with disabilities is also a testament to common sense.

    When persons with disabilities can fully participate in society, communities and economies are stronger.

    We know this.  And so do all those who realize the Convention.  

    In an often-divided world, the Convention on the Rights of Persons with Disabilities stands as a powerful declaration: 

    Disability inclusion is fundamental to human rights — and essential to achieving the 2030 Agenda for Sustainable Development. 

    Yet today, we face a sobering truth.

    Progress is not just slow – in some cases, it is reversing.

    The UN Disability and Development Report found that nearly all SDG indicators for persons with disabilities are off track.

    The message is stark:

    Persons with disabilities face higher poverty, greater unemployment, deeper food and health insecurity, and more limited access to education, jobs and digital technologies.

    And as this session reminds us, indigenous persons with disabilities face even greater exclusion.

    This must change.

    The Pact for the Future, adopted last year, reinforces the call for a more peaceful, inclusive, accessible and equitable world – one in which persons with disabilities play a full and equal role in advancing sustainable development, climate action and digital transformation.

    We meet today on the threshold of two vital gatherings: the Fourth International Conference on Financing for Development, and the Second World Summit for Social Development.

    Your deliberations will help shape those events. 

    This session focuses on three critical themes.

    How we finance change.

    How we harness technology.

    And how we honour those most often left behind: Indigenous persons with disabilities.

    Let me offer a few reflections.

    First, on funding change.

    Progress requires investment.

    Yet today, global support for disability inclusion has been cut in half – falling from $500 million to $250 million in just two years.

    Behind these figures are real lives. 

    Children with disabilities shut out of classrooms.

    Adults with disabilities who cannot get to work, if they have work at all.

    Families of persons with disabilities denied essential services.

    Women and girls with disabilities are denied sexual and reproductive health and rights.

    We need targeted investments and tailored solutions – such as microfinance, social impact bonds and public-private alliances – that address gaps in realizing the rights of persons with disabilities.

    And we must unlock capital to fund inclusion today, and build sustainable, inclusive systems for tomorrow.

    This requires advancing the Pact for the Future’s calls to recapitalize Multilateral Development Banks, provide debt relief, and reform the international financial architecture – so that developing countries can invest in systems that are inclusive and accessible to persons with disabilities.  

    Second, we must continue to harness the transformative power of technologies.

    Artificial intelligence is the latest frontier – and it holds immense potential to advance inclusion. 

    AI can be the difference between isolation and participation.

    And help individuals navigate the world through tools such as speech recognition, sign language interpretation, real-time captioning, screen readers, accessible navigation assistance and personalized support for daily tasks.

    But this promise comes with a warning. 

    Biases are being hardwired into algorithms.

    And regulations on accessibility of emerging technologies are sorely lacking.

    Developed countries, in particular, have a responsibility to step up support.

    Today about 70% of AI-powered assistive technologies are concentrated in developed economies.

    Without global cooperation and fair technology transfer agreements, people in the poorest countries risk being excluded – again. 

    We must ensure that AI becomes a tool for humanity, not a mirror of entrenched inequalities.

    Through the Global Digital Compact, countries have made their expectations clear: 

    AI technologies must empower all people, including persons with disabilities, and ensure that no one is left behind in the digital age.     
        
    Third, we must do more to uphold the rights of Indigenous persons with disabilities.

    Persistent barriers in intersecting forms of discrimination are limiting their rights, and the disparities are stark.

    In Latin America, for example, indigenous persons with disabilities attend fewer years of school, earn half as much income, and hold fewer leadership roles.

    Indigenous women and girls with disabilities face greater rates of violence, isolation and lack of support services.

    Legal services are not accessible or are not culturally adequate for equal access to justice.

    This is not just neglect – it is erasure.

    Realizing the rights of Indigenous Persons with Disabilities requires culturally appropriate approaches – and meaningful inclusion in decision-making.

    The rallying cry has never been more fitting:  Nothing about us without us. 

    Dear friends,

    We’ve come a long way in 19 years.

    Laws have changed.

    Attitudes have shifted.

    And political realities have shifted, too.

    Armed conflict in Gaza, Ukraine, Sudan and elsewhere is leaving countless civilians with sustained permanent injuries and deep psychological trauma.

    Children with disabilities are especially vulnerable – Gaza alone has the highest number of child amputees in modern history.

    Families are bearing the brunt of conflicts, and communities will require inclusive and accessible rebuilding.

    Wars are draining budgets. And the foundations of multilateralism are being chiseled away by division and mistrust.

    Yet this session is proof that the world can still come together – with purpose and resolve. 

    It is a reminder that we must make sure promises made are promises kept.

    Let’s make the most of this conference – and the historic opportunities ahead – to drive action for persons with disabilities.  

    To build a world that is inclusive, accessible, and sustainable.

    And to say in one voice:

    Rights are not optional.

    They are universal. 

    They are non-negotiable.

    And they belong to all.

    Thank you.
     

    MIL OSI United Nations News –

  • MIL-OSI Global: Family homesteads with tangled titles are contributing to rural America’s housing crisis

    Source: The Conversation – USA – By Jennifer Pindyck, Assistant Professor of Architecture, Auburn University

    Rural Studio helps families build new housing on land with tangled titles, meaning there’s no clear owner. Auburn University Rural Studio. Photo by Timothy Hursley, CC BY-SA

    Imagine your parents leave you and your siblings a share of land that’s been in your family for generations. Several of your relatives already live on the land, and you’d like to do the same; but you can’t get a loan to build or renovate a home without permission from all the relatives who also share ownership. And at any moment, another heir could sell their share, triggering a court-ordered sale that could force you off the land – and lose everything you’ve invested in.

    This is the reality of what’s known as heirs’ property: land passed down informally, without clear wills or deeds, which results in a “tangled” or “clouded” title.

    It’s more common than you might think in the U.S., especially in rural areas, and it presents significant challenges to long-term housing stability.

    Research shows that within 44 states and the District of Columbia, there are an estimated 508,371
    heirs’ properties, with an assessed value of US$32 billion. (There wasn’t reliable enough data in six states.)

    It’s more of an issue in some states, such as Alabama. But it’s also a problem in cities such as New York City and Philadelphia.

    Because it’s so difficult to finance home construction on this land, sell it or leverage it, heirs’ property can leave families vulnerable to exploitation and perpetuate cycles of poverty. Despite these challenges, many families have nonetheless lived together and supported one another on shared land for generations.

    As faculty and collaborators with Auburn University’s Rural Studio, we study heirs’ property and its role in shaping housing access. Based in Hale County, Alabama, Rural Studio has completed over 200 projects – many of them homes built on heirs’ property – providing critical housing for families facing complex land ownership challenges.

    Land with no clear owner

    The lack of a clear will or deed often happens due to inadequate access to – and distrust of – the legal system.

    Once the land is passed down to the next generation, the heirs are known as “tenants in common,” meaning they own an undivided interest in the entire property. As the property continues to pass down from generation to generation, the number of tenants in common increases exponentially.

    When a couple passes down land to their children – and then those kids pass it down to their kids – the number of heirs dramatically increases.
    Auburn University Rural Studio, CC BY-SA

    Without clear title, no single person or group can make decisions about the property. Every heir must legally sign off on any action, which makes it nearly impossible to secure traditional forms of financing, obtain insurance, access disaster relief, or use the land as collateral.

    Those living on the land often pay their share of property taxes, but distant or unaware heirs might not, which puts the entire property at risk of being lost through a tax lien sale. This leaves families with property in “tangled” status exposed to predatory land acquisition practices that often lead to land loss.

    Any tenant in common can sell their share to an outside party. These outside parties – either individuals or companies – can then request a court to order what’s called a partition by sale, which can push every other owner off the land.

    Imagine three siblings inherit a piece of land from their parents and are now tenants in common. One sibling sells their share to a real estate investor. That investor then goes to court and requests a partition by sale. The court then orders the entire property sold and the proceeds split among the owners, effectively forcing the other two siblings off the land, even if they wanted to keep it.

    Such tactics are especially common in the Black Belt region of the U.S., which covers Mississippi, Alabama, Georgia and South Carolina; as such, they disproportionately affect Black Americans.

    Why family-owned land matters

    Our research in Hale County, Alabama, finds that Black families in particular have supported one another for generations while living on heirs’ property.

    These multigenerational kinship networks rely on one another for child care, elder care, food, transportation and shared utility costs. But the value of this sort of living situation goes beyond social and economic benefits. The land can be woven into family lore or be steeped in the history of the surrounding area.

    So, despite the legal and financial challenges, many extended families will do whatever they can to continue living together on their land. Even a small stake in heirs’ property offers connection to the past and a place to return home in the future.

    Family members often live in different homes spread across heirs’ property, which often exists in a legal gray area.
    Auburn University Rural Studio, CC BY-SA

    These informal kinship networks can provide support and resilience in ways that traditional forms of land and homeownership do not. Putting all of the people who own the land on the title – what’s known as “clearing title” – is not only costly and time-consuming, but it also often requires dividing up the property into smaller parcels, which can prevent some family members from living on the land altogether.

    Meanwhile, traditional legal and financial products – think mortgages and land-use agreements with farmers – tend to be structured with sole ownership in mind. Most banks and institutions simply won’t lend to heirs’ property with tangled titles.

    There have been recent efforts to protect these informal arrangements. The Uniform Partition of Heirs Property Act, which has been enacted in 25 states, ensures due process and sets up safeguards against immediate partition by sale actions.

    For example, if a suit is brought by a co-owner, a fair market value appraisal – or an agreed-upon value by all parties – must be conducted. The other shareholders of the land also have the option to buy out the shareholder bringing the suit. Under the statute, additional partition methods may be considered. And if a sale is required, it’s done on the open market.

    Many organizations are working to address issues related to heirs’ property and tangled titles. Most of the work centers on clearing title, establishing shared land agreements and teaching landowners how to avoid having their property fall into a tangled title situation. For example, the Florida Housing Coalition, Housing Assistance Council and the Alabama Heirs Property Alliance are actively engaged in community education, legal support, data mapping and policy advocacy.

    Build first, ask permission later

    Many rural families on heirs’ property have limited pathways to homeownership. Financial constraints, limited access to quality housing options and lot restrictions have often forced residents to settle for older, substandard, manufactured homes. Small utility sheds have even begun to replace broken-down trailer homes in many rural areas.

    Utility sheds are increasingly being used as homes across the U.S. South.
    Auburn University Rural Studio, CC BY-SA

    There’s clearly a need for safe, durable housing that enables these families to build generational wealth. And that’s where Rural Studio comes in.

    Building new housing or renovating existing structures means dealing with a web of zoning laws, building codes and land development ordinances, which are all tied to financing and lending systems. While many efforts to address heirs’ property aim to change legal policies, we approach this issue through housing.

    We use what we call a “build first” strategy. Using funds from research grants and donations, we simply start building on heirs’ properties with the permission of families. In the process, we show that if tangled titles were no longer an obstacle, much more housing could be built.

    One of our recent Rural Studio projects is the 18×18 House, a compact, multistory home built for a young man living on heirs’ property in Alabama.

    The 18X18 House is a multistory home that was on heirs’ property in Alabama.
    Auburn University Rural Studio. Photo by Timothy Hursley, CC BY-SA

    The home is nestled between several other family members’ homes. We had to work around existing electrical lines, a septic field, roads and steep topography. Despite these site constraints, the house is an ideal starter home: big enough for the young man and a future partner to live comfortably on the family plot. If he ever decides to leave, other family members can move in.

    Rather than focusing on one-off products, our goal with the 18×18 House is to develop replicable housing prototypes that respond to the realities of intergenerational living on family land. We also hope that tangible housing will help policymakers understand the value of reform.

    The question isn’t whether design can respond to these challenges, but how it can lead by pushing antiquated regulatory and legal frameworks to evolve.

    Jennifer Pindyck receives funding from Fannie Mae, Wells Fargo and the Center for Architecture, in partnership with AIA New York. She is affiliated with the Association of Collegiate Schools of Architecture and is a registered architect in the state of Georgia.

    Christian Ayala Lopez work is funded through a diverse range of organizations such as Fannie Mae, USDA, and Center for Architecture NY. He is affiliated to Association of Collegiate Schools of Architecture, National Council of Architectural Registration Boards, and member of Florida Housing Coalition.

    Rusty Smith receives funding from Fannie Mae, USDA, Wells Fargo and Regions Bank. He is affiliated with the Housing Assistance Council, the American Institute of Architects, the Association of Collegiate Schools of Architecture, the National Renewable Energy Laboratory Innovation Incubator, the EPA Collegiate/Underserved Community Partnership and the Bipartisan Policy Center.

    – ref. Family homesteads with tangled titles are contributing to rural America’s housing crisis – https://theconversation.com/family-homesteads-with-tangled-titles-are-contributing-to-rural-americas-housing-crisis-254679

    MIL OSI – Global Reports –

  • MIL-OSI Africa: Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course

    Source: The Conversation – Africa – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    The governments of Ghana and Zambia recently took a decision that could have serious consequences for other African countries. The decision relates to arrangements on how the two countries will repay the debt they owe to Africa Export-Import Bank (Afreximbank).

    They have both taken decisions to relegate Afreximbank to a commercial lender from a preferred creditor. This means that the terms on which Afreximbank has lent money to these two countries will change. And it will lose certain protections. For example preferred creditors are repaid first, before any other lenders.

    This protects preferred creditors’ balance sheets and enables them to continue lending during crisis periods when others cannot. In contrast, commercial banks get paid later or might not get paid at all. This higher risk factor means that they charge higher rates.

    Based on decades of researching Africa’s capital markets and the institutions that govern them it’s my view that the long-term consequences of this precedent are detrimental. If other African borrowers follow suit, treating loans from African multilateral development banks as ordinary commercial debt during restructuring, it will erode the viability of these institutions. Investors who fund Afreximbank through bonds and capital markets may reassess its risk profile, pushing up its cost of funding and making future lending less affordable.

    The ultimate losers will be African countries themselves, especially those with limited access to international capital. Afreximbank, along with other African financial institutions, is a lifeline for trade finance, infrastructure development, and crisis response. Undermining its legal protections weakens the continent’s capacity for self-reliant development.

    Afreximbank was created under the auspices of the African Development Bank (AfDB) in 1993. It was set up with a public interest mandate to develop African trade and promote integration. Its legal status and structural features place it closer to international multilateral development banks than to private creditors, justifying its treatment as a preferred creditor.

    The decision by Accra and Lusaka signals lack of confidence in African financial institutions. It suggests that they do not trust them to the same extent as global institutions like the International Monetary Fund and World Bank. These are treated as preferred creditors, on the assumption that they will lend to countries in crisis or distress when commercial lenders retreat.

    The actions of Ghana and Zambia set a dangerous precedent by sidelining African financial institutions in favour of external creditors. That risks weakening Africa’s financial institutions and undermining the very concept of African solutions to African problems. Investors will become more sceptical and pessimistic, demanding more interest.

    The continent needs to develop an ability to independently design, finance and implement its economic development policies without support from external financial institutions. Afreximbank helps to achieve this through financing African-designed infrastructure and counter-cyclical lending.

    Ghana and Zambia still have an opportunity to correct course. In my view they should do so for the sake of the bank, its member states and the future of African economic sovereignty.

    The background

    Ghana and Zambia have both defaulted on their external bonds in the last four years. Zambia in October 2020 and Ghana in December 2022. This forced them to negotiate new sustainable terms with creditors.

    During their respective debt negotiations, both countries have announced that they would include African multilateral development banks such as Afreximbank and the Trade and Development Bank in the debt restructuring.

    This followed private and bilateral creditors contesting unequal distribution of restructuring burdens, where they face losses while some multilateral institutions are shielded. The International Monetary Fund and World Bank, which are preferred creditors, do not fund infrastructure, they only offer balance of payments support.

    The decision by Ghana and Zambia to relegate Afreximbank was made during an ongoing comprehensive debt restructuring. Ghana and Zambia have been negotiating with creditors for over a year in an attempt to resolve their sovereign debt crises.

    The two countries were complying with International Monetary Fund supported restructuring terms. Bilateral creditors were also demanding fair burden sharing with African multilateral banks.

    Afreximbank: not just another lender

    Ghana and Zambia don’t have a legal leg to stand on.

    Afreximbank’s preferred creditor status is not an informal privilege but derives from Article VX(1) of its founding agreement. The agreement has been signed and ratified by member states into national laws, including Ghana and Zambia.

    This status is further reinforced by the bank’s diplomatic immunities and privileges and its ability to operate across African jurisdictions under protected legal frameworks. The role of Afreximbank, therefore, goes beyond that of a traditional commercial bank.

    Preferred creditor status protects development finance institutions in a number of ways. The biggest protection is that lenders are prioritised for repayment. This protects their balance sheets, enabling them to continue lending when others cannot.

    A preferred creditor status is accorded for a reason. It is to ensure that development finance institutions can lend in times of distress with confidence, on the guarantee that they will be repaid ahead of other creditors. Country actions that violate this principle disrupt the implicit covenant that enables counter-cyclical financing. This is breaking the financial lifeline that countries might need when nobody else is willing to help them. This is precisely the kind of support that Ghana and Zambia relied on during their respective debt crises in December 2022 and October 2020, respectively.

    A bank that has consistently stepped up

    It is worth recalling that during the COVID-19 pandemic (2019–2021) and again when global markets closed access to Eurobond issuances for African countries, investors didn’t want to lend African countries for fear of defaulting. Afreximbank was one of the few institutions that continued to lend to African sovereigns. This included US$750 million to Ghana and US$45 million to Zambia.

    When Ghana, Zambia and other commodity export-dependent countries faced acute foreign currency shortages and tightening global liquidity caused by the 2015/16 commodity crisis of low prices, Afreximbank did not hesitate to deploy resources.

    Zambia has also benefited significantly from Afreximbank’s trade and development finance in energy, agriculture and healthcare. These are areas that many commercial banks view as too risky or low-margin.

    For Zambia and Ghana to classify Afreximbank in the same category as hedge funds, bondholders or purely commercial lenders, is ahistorical and unwarranted.

    Restructuring loans from Afreximbank risks inadvertently raising the cost of capital for African countries. If Afreximbank can no longer be shielded under preferred creditor status norms, it may be forced to adopt more conservative lending practices, charge higher risk premiums or retreat from high-risk markets altogether.

    The knock-on effect is reduced access to affordable, timely financing for countries that need it most.

    Afreximbank has rejected the idea that its loans ought to be restructured.

    Ghana and Zambia should correct course

    Ghana and Zambia still have an opportunity to correct course. They can reaffirm Afreximbank’s preferred creditor status, exclude it from restructuring tables meant for commercial creditors, and honour their legal commitments.

    In doing so, they would not only preserve their reputations as reliable debtors but also strengthen the broader fabric of African financial solidarity.

    African countries must be cognisant that no one else will build their institutions for them. If they do not defend and respect them, they cannot expect the rest of the world to do so. The credibility, sustainability and legitimacy of Africa’s financial independence depends, in large part, on how they treat the institutions they have built.

    The decision to treat Afreximbank and the Trade and Development Bank like commercial lenders is short-sighted and self-defeating. It must be reversed.

    – Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course
    – https://theconversation.com/ghana-and-zambia-have-snubbed-africas-leading-development-bank-why-they-should-change-course-258467

    MIL OSI Africa –

  • MIL-OSI Russia: Financial News: Convertible Bond Market: What Was and What Will Be

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The first set of amendments to the rules for issuing convertible bonds was introduced in 2018–2019. However, such securities were issued rarely. Issuers lacked flexibility in setting conversion parameters, and investors were in no hurry to purchase such a complex product, since it requires a more complex analysis of the risk-return ratio. In addition, the situation was negatively affected by macroeconomic uncertainty and the departure of large venture funds from the Russian market.

    In order to increase the demand for convertible bonds, the Bank of Russia proposes to create conditions for their use at the pre-IPO stage (thanks to this, the issuer will be able to attract financing on more favorable terms before acquiring public status), and also to consider the possibility of switching from a fixed to a variable conversion rate. Such changes will allow companies to better adapt the instrument to their needs and the market situation.

    Preview photo: ABCDstock / Shutterstock / Fotodom

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

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

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24705

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Bank of Russia decisions regarding financial market participants

    Translation. Region: Russian Federal

    Source: Central Bank of Russia (2) –

    All segments

    Licensing measures

    Control of insolvency restoration procedures

    On the reorganization of the non-state pension fund

    On the introduction of a ban

    On termination of a mutual investment fund

    On lifting the previously imposed ban

    Qualification certificates

    On the results of inspections of non-credit financial institutions

    About joining the SGP

    Control of insolvency restoration procedures

    Licensing measures

    Maintaining registers

    Control of insolvency restoration procedures

    Maintaining registers

    On filing a bankruptcy petition with the court

    Licensing

    Access to the financial market

    Registration actions

    Operations Prohibition

    Accreditation of organizations

    Maintaining registers

    Qualification certificates

    Licensing

    Response measures

    On the issue of securities

    Registration actions

    Licensing measures

    State control over the acquisition of shares

    On extending the period for eliminating the violation

    Accreditation

    Accreditation of news agencies

    Prescriptions

    Control of insolvency restoration procedures

    Prescriptions

    Entry into the register

    Exclusion from the registry

    Maintaining registers

    Transfer of insurance portfolio

    Agreements with the Bank of Russia

    Maintaining registers

    Restriction of activities of the OIS/OOTSFA

    Replacement of an official of the OIS/OOCFA

    Restriction of the activities of the OFP

    Maintaining registers

    Accreditation of investment advisory programs

    Maintaining registers

    Restriction of activities of the OIP

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

    MIL OSI Russia News –