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Category: Banking

  • MIL-OSI Economics: ECB appoints Thomas Vlassopoulos as Director General Market Infrastructure and Payments

    Source: European Central Bank

    10 June 2025

    • Directorate General Market Infrastructure and Payments oversees and coordinates the operation and development of payment systems and market infrastructure
    • It also leads the digital euro project
    • Mr Vlassopoulos will replace Ulrich Bindseil, who is leaving the ECB

    The Executive Board of the European Central Bank (ECB) has appointed Thomas Vlassopoulos as Director General Market Infrastructure and Payments. Mr Vlassopoulos will replace Ulrich Bindseil, who is leaving the ECB.

    Thomas Vlassopoulos is currently Deputy Director General Market Operations, a post he has held since May 2021. He previously headed the Monetary Analysis Division and was also Deputy Head of the Financial Stability Surveillance Division. Mr Vlassopoulos joined the ECB’s Directorate General Economics in 2008, from the Bank of Greece. Mr Vlassopoulos holds a master’s degree in economics from the London School of Economics and Political Science.

    The Directorate General Market Infrastructure and Payments (DG-MIP) coordinates and supports the operation and development of Eurosystem market infrastructures (TARGET Services), conducts oversight of payment, clearing and settlement systems, and acts as a catalyst for innovation in retail payments as well as exploring new technologies for wholesale central bank money settlement. It is also leading the digital euro project. Mr Vlassopoulos will be responsible for the strategic direction and management of DG-MIP, steering innovation, project workstreams and operational activities for TARGET Services, the digital euro project as well as retail and wholesale payments. He will chair a range of committees and high-level fora, maintaining working relationships with market participants and other stakeholders.

    For media queries, please contact Eszter Miltényi-Torstensson, tel.: +49 171 769 5305.

    Notes

    MIL OSI Economics –

    June 11, 2025

  • MIL-OSI Australia: Banker confronts criminal behind $50k scam

    Source: Premier of Victoria

    • 84-year-old customer saved from scam
    • Banker confronts “spineless coward” scammer after he threatened elderly customer
    • Customers warned of callers pressuring them to move money

    When Stella* walked into her local NAB branch and asked to increase her internet banking limit, the East Maitland team immediately knew something didn’t add up.

    The 84-year-old nervously asked for her daily limit to be lifted from $5,000 to $50,000 so she could transfer money to her son’s account.

    Behind the counter of the branch in NSW’s Hunter Valley, customer advisor Tiffany Bailey noticed Stella was on the phone to someone.

    “The phone line went dead as soon as the caller heard my voice. Alarm bells started ringing for me straight away. I knew from my training and experience that something is not right here,” Ms Bailey said.

    Tiffany then Googled the phone number, which revealed it was linked to a known scam.

    “That’s when we were able to sit down with Stella and ask what was really going on,” Ms Bailey said.

    “Stella burst into tears, telling us she was being threatened by a man claiming to be from a major tech company. He’d been pressuring her for days into making a $50,000 transfer to settle an outstanding debt. Stella’s adult son was waiting out the front of the branch. He had no idea she was being scammed.”

    The criminal also gained remote access to Stella’s computer, generated images to convince her of the debt and coached her what to say to bank staff.

    It was then he started calling again.

    Branch manager Vanessa Kruger offered to answer the call and Stella agreed. “I told him that we were from NAB and we were on to him,” Ms Kruger said.

    “I told him to stop calling Stella and leave her alone. We’d also be reporting him to police. He hung up straight away like a spineless coward.”

    The branch team put a temporary block on Stella’s accounts and reassured her no money had been taken. They also sought advice from NAB’s Fraud Operations team, based in Melbourne, who advised Stella her computer should be cleaned.

    “She was instantly relieved. It could have so easily been my grandmother in that situation,” Ms Bailey said.

    The following week Stella came back into the branch to thank the team.

    “She came up to me and gave me a big hug to say thank you. She was still rattled but feeling a lot better. Stella told us she would have been wiped out financially,” Ms Bailey said.

    NAB Executive, Group Investigations Chris Sheehan said NAB remained focused on its fight against criminals as part of a bank-wide scam strategy to help protect customers.

    “Remote access scams often start with a phone call or computer pop up from someone claiming there’s a problem they can help ‘fix’,” Mr Sheehan, a former Australian Federal Police executive, said.

    “Recognising scam red flags is crucial. These include a sense of urgency, unexpected contact, being asked to grant someone access to your device and ‘needing’ to move money to keep it ‘safe’.

    “If you’re unsure, call the organisation the person claims to be from using details you’ve found yourself. For example, look up the organisation’s website or log in to its app.

    “Stopping scams is like playing whack-a-mole. That’s why Australia’s all of ecosystem approach to tackling scams is world-leading.”

    MIL OSI News –

    June 11, 2025

  • MIL-OSI Canada: Reaching out for a clearer view of the economy

    Source: Bank of Canada

    We’re gathering more information

    Traditional data on inflation, jobs and housing are key to our decisions about whether to lower, raise or maintain our policy interest rate. But they often just give the big picture. And they show what has already happened, weeks later.

    Non-traditional data can help us see what’s happening under the surface—and in a timelier way. That’s especially helpful in uncertain and rapidly changing situations.

    • At the start of the COVID-19 pandemic, we used data on restaurant reservations, flight bookings and credit card transactions to see how consumer spending patterns were shifting in real time.
    • Today, to gauge the early impact of tariffs, we’re looking at changes in the number of trucks crossing the Canada-US border and the volume of ships entering and leaving ports.

    Similarly, our surveys give us a clearer sense of the evolution of the economy, and timelier insights from Canadians across regions and sectors. The quarterly Business Outlook Survey (BOS), the monthly Business Leaders’ Pulse (BLP) and the quarterly Canadian Survey of Consumer Expectations have been especially helpful in recent years.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Speech: C.D. Howe Institute

    Source: Bank of Canada

    The Canadian economy ended 2024 in a strong position. However, the trade conflict and tariffs are expected to slow growth and add to price pressures. The outlook is very uncertain because of the unpredictability of US trade policy and the magnitude of its impact on the Canadian economy.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Bank of Canada Media Interview – This Matters podcast

    Source: Bank of Canada

    The Canadian economy ended 2024 in a strong position. However, the trade conflict and tariffs are expected to slow growth and add to price pressures. The outlook is very uncertain because of the unpredictability of US trade policy and the magnitude of its impact on the Canadian economy.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Bank of Canada Media Interview – Des matins en or

    Source: Bank of Canada

    Nicolas Vincent, Deputy Governor of the Bank of Canada, will speak to David Chabot of Ici Radio-Canada Première’s Des matins en or at around 6:45 a.m. (ET). Check your local listings or the Radio-Canada website for programming information. The interview will also be posted online.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Bank of Canada holds policy rate at 2¾%

    Source: Bank of Canada

    The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

    Since the April Monetary Policy Report, the US administration has continued to increase and decrease various tariffs. China and the United States have stepped back from extremely high tariffs and bilateral trade negotiations have begun with a number of countries. However, the outcomes of these negotiations are highly uncertain, tariff rates are well above their levels at the beginning of 2025, and new trade actions are still being threatened. Uncertainty remains high.

    While the global economy has shown resilience in recent months, this partly reflects a temporary surge in activity to get ahead of tariffs. In the United States, domestic demand remained relatively strong but higher imports pulled down first-quarter GDP. US inflation has ticked down but remains above 2%, with the price effects of tariffs still to come. In Europe, economic growth has been supported by exports, while defence spending is set to increase.  China’s economy has slowed as the effects of past fiscal support fade. More recently, high tariffs have begun to curtail Chinese exports to the US. Since the financial market turmoil in April, risk assets have largely recovered and volatility has diminished, although markets remain sensitive to US policy announcements. Oil prices have fluctuated but remain close to their levels at the time of the April MPR.

    In Canada, economic growth in the first quarter came in at 2.2%, slightly stronger than the Bank had forecast, while the composition of GDP growth was largely as expected. The pull-forward of exports to the United States and inventory accumulation boosted activity, with final domestic demand roughly flat. Strong spending on machinery and equipment held up growth in business investment by more than expected. Consumption slowed from its very strong fourth-quarter pace, but continued to grow despite a large drop in consumer confidence. Housing activity was down, driven by a sharp contraction in resales. Government spending also declined. The labour market has weakened, particularly in trade-intensive sectors, and unemployment has risen to 6.9%. The economy is expected to be considerably weaker in the second quarter, with the strength in exports and inventories reversing and final domestic demand remaining subdued.  

    CPI inflation eased to 1.7% in April, as the elimination of the federal consumer carbon tax reduced inflation by 0.6 percentage points. Excluding taxes, inflation rose 2.3% in April, slightly stronger than the Bank had expected. The Bank’s preferred measures of core inflation, as well as other measures of underlying inflation, moved up. Recent surveys indicate that households continue to expect that tariffs will raise prices and many businesses say they intend to pass on the costs of higher tariffs. The Bank will be watching all these indicators closely to gauge how inflationary pressures are evolving.

    With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts. We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.

    Governing Council is proceeding carefully, with particular attention to the risks and uncertainties facing the Canadian economy. These include: the extent to which higher US tariffs reduce demand for Canadian exports; how much this spills over into business investment, employment and household spending; how much and how quickly cost increases are passed on to consumer prices; and how inflation expectations evolve. 

    We are focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval. We will support economic growth while ensuring inflation remains well controlled.

    Information note

    The next scheduled date for announcing the overnight rate target is July 30, 2025. The Bank will publish its next MPR at the same time.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Bank of Canada Media Interview – Midi info

    Source: Bank of Canada

    Tiff Macklem, Governor of the Bank of Canada, will speak to Alec Castonguay of Ici Radio-Canada Première’s Midi info at around 12:10 p.m. (ET). Check your local listings or the Radio-Canada website for programming information. The interview will also be posted online. 

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Bank of Canada Media Interview – The Canadian Press

    Source: Bank of Canada

    The Canadian economy ended 2024 in a strong position. However, the trade conflict and tariffs are expected to slow growth and add to price pressures. The outlook is very uncertain because of the unpredictability of US trade policy and the magnitude of its impact on the Canadian economy.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Speech by Sharon Kozicki, Deputy Governor of the Bank of Canada

    Source: Bank of Canada

    OTTAWA – On Thursday, June 5, 2025, Sharon Kozicki, Deputy Governor of the Bank of Canada, will speak before C.D. Howe Institute in Toronto.

    Topic

    Talking to Canadians: How real-world insights shape monetary policy

    Time

    12:35 (Eastern Time)

    Place

    Toronto, ON

    Lock-Up

    At 10:50 (ET), journalists are invited to review copies of the speech, under embargo, at the Bank’s head office in Ottawa. Please use the Bank of Canada Museum entrance, located at 30 Bank Street (corner of Bank and Wellington), and bring photo ID.

    For security reasons, journalists wishing to attend must confirm their presence by contacting Media Relations before 14:00 (ET) on Wednesday, June 4, 2025. Those who have not registered will not be admitted to the lock-up.

    The embargo will be lifted at 12:20 (ET).

    Distribution

    The Deputy Governor’s text will be available on the Bank’s website at 12:20 (ET).

    Media Availability

    There will be no media availability for this event.

    Accredited journalists who wish to participate remotely must contact Media Relations for connection information before 14:00 (ET) on Wednesday, June 4, 2025.

    Audience Q&A

    There will be an audience Q&A period.

    Webcast

    Audio and video webcasts of the speech and media questions will be available.

    Note

    Media wishing to attend the event need to email
    to register.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI United Kingdom: Israel and the OPTs: Minister for the Middle East Statement

    Source: United Kingdom – Government Statements

    Written statement to Parliament

    Israel and the OPTs: Minister for the Middle East Statement

    Minister for the Middle East statement to Parliament on UK sanctions on Israeli government ministers Itamar Ben-Gvir and Bezalel Smotrich

    With permission, Mr Speaker, I will make a statement on Israel and the Occupied Palestinian Territories.

    The two-state solution is in peril.

    Catastrophic conflict in Gaza…

    and a shocking deterioration in the West Bank.

    This is an affront to the rights of Palestinians…

    but is also against the interests of Israelis…

    against their long-term security and their democracy.

    Today, I will update the House on new actions we are taking…

    to uphold human rights…

    and defend the vision and viability of two sides living side-by-side in peace.  

    Mr Speaker, 2024 saw the worst settler violence against Palestinians in the West Bank in the last two decades.

    2025 is on track to be just as violent.

    Between 1996 and 2023, an average of seven illegal settler outposts were established annually.

    In 2024, settlers erected 59.

    These outposts are illegal under both Israeli and international law.

    Two weeks ago, the Israeli government itself announced 22 new settlements in the West Bank.

    Every outpost…

    every building the settlers erect…

    is a flagrant breach of international law…

    and disregards the views of Israel’s partners.

    There are now in excess of five hundred thousand settlers living in the West Bank…

    and over 100,000 in East Jerusalem…

    the territory that must form the heart of a sovereign, viable and free Palestine.

    Mr Speaker, the sharp growth in settlements alone is dangerous enough.

    But it has been accompanied by a steep rise in settler violence and extremist rhetoric.

    Itamar Ben-Gvir has led seven provocative intrusions into Haram Al Sharif/Temple Mount since 2022.

    In 2023, settlers rampaged through the village of Huwara…

    in what Israel’s own West Bank military commander described as a “pogrom done by outlaws”.

    Last month, the villagers of Mughayyir ad-Deir fled their homes in fear after the construction of an illegal outpost 100m away.

    This month, settlers attacked the town of Deir Dibwan…

    setting fire to houses and injuring residents.

    This violence and rhetoric is deeply concerning.

    An assault not just on Palestinian communities…

    but on the very fundamentals of a two-state solution.

    An attempt to entrench a one-state reality, where there are no equal rights.

    The two-state solution remains the only viable framework for a just and lasting peace…

    I know it is supported on every side of this House.

    Israelis living in secure borders…

    recognised and at peace with their neighbours…

    free from the threat of terrorism.

    Palestinians living in their own state…

    with dignity and security…

    free of occupation.

    Mr Speaker, we are steadfastly committed to defending that vision…

    not just with words, but with action.

    That is why we have pledged £101m in additional support to the Palestinian people this year.

    Why we are working to strengthen and reform the Palestinian Authority…

    Why My Right Honourable Friend the Foreign Secretary signed a landmark agreement with Prime Minister Mustafa…

    and why my Right Honourable Friend the Prime Minister welcomed him to Downing Street.

    Why we are clear that Hamas must release the hostages immediately and unconditionally, and that Hamas can have no role in Palestinian governance.

    Why we are committed to working with civil society – Israeli and Palestinian – to support those who believe in peace and coexistence.

    However, Mr Speaker, the gravity of the situation demands further action.

    The reality is that these human rights abuses…

    incitement to violence…

    the extremist rhetoric…

    comes not just from an uncontrolled fringe…

    but from individuals who are Ministers in this Israeli government.

    We have to hold them to account and protect the viability of the two-state solution.

    And so today, we are sanctioning Bezalel Smotrich and Itamar Ben-Gvir…

    acting alongside Australia, Canada, New Zealand, and Norway…

    who have also announced their own measures today.

    These two men are responsible for inciting settler violence against Palestinian communities in the West Bank…

    violence which has led to the deaths of Palestinian civilians and the displacement of whole towns and villages.

    This violence constitutes an abuse of Palestinians human rights.

    It is cruel and degrading…

    and completely unacceptable.

    We have told the Israeli Government repeatedly that we would take tougher action if this did not stop.

    It still didn’t.

    The appalling rhetoric has continued unchecked.

    Violent perpetrators continue to act with encouragement and impunity.

    So let me tell the House now…

    when we say something, we mean it.

    Today, with our partners…

    we have shown the extremists we will not sit by while they wreck the prospects of future peace.

    Mr Speaker, our actions today do not diminish our support for the security of Israel and the Israeli people.

    The agendas of these two men are not even supported by the majority of Israelis…

    Israelis recognise that these individuals are not working in their interest.

    As the Foreign Secretary said to this House last month…

    we want a strong friendship with Israel based on shared values and our many close ties.

    Our condemnation of Hamas, a proscribed organisation…

    and the appalling attacks of October 7th is unequivocal.  

    Our commitment to Israel’s security and future is unwavering.

    We will continue to press for an immediate ceasefire in Gaza…

    the release of the hostages still held so cruelly by Hamas…

    a ramping up of aid to those Gazans in desperate need.

    The repeated threats by Hamas to the lives of the hostages are grotesque…

    and prolongs the agony of their families and loved ones.

    Hamas should release all the hostages immediately and unconditionally.

    Mr Speaker, the situation in the West Bank cannot be seen in isolation from events in Gaza.

    Extremist rhetoric advocating forced displacement of Palestinians…

    denial of essential aid…

    the creation of new Israeli settlements in the Strip…

    is equally appalling and dangerous.

    This Government will never accept the unlawful transfer of Gazans from or within Gaza…

    nor any reduction in the territory of the Gaza Strip.

    The humanitarian situation in Gaza remains catastrophic.

    While Israel’s ground and air operations expand, Gazans have been pushed into less than 20% of the territory.

    Hospitals have been destroyed and damaged.

    Gaza’s entire population is at risk of famine.

    Meanwhile, Israel’s newly introduced measures for aid delivery endanger civilians and foster desperation.

    They are inhumane.

    The Red Cross Field Hospital in Rafah reported last week that it has responded to an unprecedented five mass casualty incidents in the two weeks prior…

    in each case, Palestinians have been killed or injured trying to access aid sites in Gaza.

    Desperate civilians who have endured twenty months of war should never face the risk of death or injury simply to feed themselves and their families.

    We need further action from the Israeli government now…

    to lift all restrictions on aid…

    to enable the UN and aid partners to do their work…

    and to ensure food and other critical supplies can reach people safely wherever they are.

    We will continue to support the UN and other trusted NGOs as the most effective and principled partners for aid delivery.

    Our support has meant over 465,000 people have received essential healthcare…

    640,000 have received food…

    and 275,000 people have improved access to water, sanitation and hygiene services.

    We support the efforts led by the United States, Qatar and Egypt to secure an immediate ceasefire in Gaza.

    And we welcome France and Saudi Arabia’s initiative to chair an international conference later this month to advance a two-state solution.

    Mr Speaker, it is a two-state solution that is the only way to bring the long-lasting peace that both Israelis and Palestinians deserve.

    But it must not remain an empty slogan…

    repeated by generations of diplomats and politicians…

    but increasingly divorced from the reality on the ground.

    Mr Smotrich said there is no such thing as a Palestinian nation.

    Mr Ben Gvir has spoken of his rights in the West Bank…

    a territory his government is occupying…

    as more important than the rights of millions of Palestinians.

    Their own words condemn them, Mr Speaker.

    To defend those Palestinians’ rights…

    to protect the two-state solution…

    to see Israelis and Palestinians living side by side in safety and security…

    this Government is taking action.

    I commend this statement to the House.

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom –

    June 11, 2025

  • MIL-OSI Canada: Talking to Canadians: How real-world insights shape monetary policy

    Source: Bank of Canada

    Surveying Canadians

    Now on to another important tool: surveys.

    Like other central banks, the Bank conducts a number of surveys with the financial sector. The results provide us with information on important issues like lending conditions as well as the demand for and supply of credit. We also gain important insights on risks and resiliency in the financial system. And we talk to financial market professionals to hear their views on where the economy and inflation are headed.

    But today, in talking about surveys, I want to focus more on how our regional offices inform our monetary policy deliberations by reaching out to households and businesses.

    Since the late 1990s, the Bank has been expanding its reach into the diverse regions that make up this great country. This work has included opening regional offices, and surveying businesses and consumers about their economic views. Our regional staff are well positioned to strengthen our ties with key local stakeholders such as industry, government, educational institutions and community organizations.

    Currently, the Bank’s regional offices conduct three key macroeconomic surveys: the Business Outlook Survey, the Business Leaders’ Pulse and the Canadian Survey of Consumer Expectations., , 

    I’ll go over each one in greater detail in a moment. But overall, surveys like these accomplish three main goals.

    First, they help inform our outlooks for the economy and inflation. We hear from individuals and businesses about how they’re feeling—a measure of their current levels of confidence. We also ask what they expect to happen to prices and their own spending in the future.

    This gives the Bank forward-looking views on economic activity, demand, capacity pressures and inflation. That makes surveys particularly helpful in providing early indications of how the economy is reacting during times of great uncertainty, like the current trade conflict.

    Surveys also shine a light on trends that may be simmering beneath the surface. They help us understand behavioural changes that don’t always show up in aggregated data reports—at least not immediately.

    Finally, these surveys help us gather a wide range of views on how current economic conditions are playing out in communities across Canada.

    Our national economy is made up of diverse regional economies. Economic conditions may differ across regions, and regions may respond differently to broad-based upswings and downturns. Survey data give us a clearer view of the differences in how households and businesses are experiencing the economy.

    Let me now turn to each of the surveys.

    The Business Outlook Survey—or BOS for short—is a quarterly survey of businesses across the country. It has existed since 1997, which provides us a rich, long dataset for comparisons.

    Staff in our regional offices meet with local business leaders to discuss their views on the economy. We ask about their expectations for sales and demand, as well as their investment intentions. We probe their views about labour shortages, as well as hiring and wages. And we ask for their outlooks on costs and pricing, as well as economy-wide inflation. This gives us a broad range of perspectives about how businesses view the economy.

    For example, the results of the BOS for the fourth quarter of 2021 helped us better understand how the COVID-19 pandemic was affecting firms. For the first time since the start of the pandemic, we saw that businesses were planning to pass along cost increases stemming from supply chain pressures. They had concluded that customers understood these pressures and were willing to accept price increases.

    More recently, firms told us that uncertainty about tariffs has been affecting them in multiple ways. These impacts include weaker demand from their business customers that would be directly affected by tariffs.

    Now on to the Business Leaders’ Pulse, or BLP for short. This is our newest survey, created in 2021. It’s a short monthly online questionnaire to assess firms’ expectations for growth in sales and employment. It also asks about perceived risks to their business outlook, and poses other topical questions.

    The BLP provides a flexible and nimble pulse of evolving situations. It complements the BOS with timely feedback from firms about the effects of rapid changes in the economy.

    And the BLP has been very helpful in monitoring effects from the situation south of the border. For example, businesses were reporting an increase in both uncertainty and inflation expectations as early as November 2024. In December, we also began noting a decline in business sentiment—even before the new US administration was sworn in.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Russia: World Bank cuts global growth forecast due to trade barriers and political uncertainty

    Translation. Region: Russian Federal

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

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

    NEW YORK, June 10 (Xinhua) — The World Bank on Tuesday cut its global economic growth forecast, citing rising trade tensions and political uncertainty.

    The economic turmoil has led to lower growth forecasts for nearly 70 percent of economies across all regions and income groups, according to the bank’s latest semi-annual Global Economic Prospects report, released on Tuesday.

    The report cut its global economic growth forecast for 2025 to 2.3 percent from 2.7 percent projected in January, and its growth forecast for 2026 to 2.4 percent from 2.7 percent.

    Advanced economies are expected to grow by 1.2 percent in 2025, down from the previously forecast 1.7 percent, while emerging market and developing economies have seen their growth forecast cut by 0.3 percentage points to 3.8 percent.

    In particular, in 2025, US GDP is expected to grow by 1.4 percent, which is 0.9 percentage points less than the previous forecast and only half of the 2.8 percent growth recorded in 2024.

    Growth in the eurozone and Japan is expected to be 0.7 percent this year, down 0.3 and 0.5 percentage points respectively from previous estimates, while China’s growth forecasts for 2025 and 2026 remain unchanged.

    The report notes that the global economy is once again facing turbulence, although just six months ago it seemed that it was entering a “soft landing” trajectory.

    “Without a rapid course correction, the damage to living standards could be profound,” the report’s authors warn.

    “Outside Asia, the developing world is becoming a development-free zone,” said Indermit Gill, chief economist and senior vice president for development economics at the World Bank Group. –0–

    MIL OSI Russia News –

    June 11, 2025

  • MIL-OSI USA: Congressman Nick Langworthy Introduces Stop Dangerous Sanctuary Cities Act of 2025; Stands with ICE and Condemns Violent Political Protests

    Source: US Congressman Nick Langworthy (NY-23)

    WASHINGTON, D.C. – Today, Congressman Nick Langworthy (NY-23) introduced the Stop Dangerous Sanctuary Cities Act of 2025 to block federal funding for sanctuary jurisdictions that prohibit or restrict local law enforcement from sharing immigration status information or cooperating with federal immigration enforcement efforts. Sanctuary cities are actively undermining federal immigration enforcement by refusing to cooperate with ICE detainer requests and releasing dangerous criminals back onto our streets. It’s time to hold them accountable. 

    “The violence we are seeing happen in LA right now is a cautionary tale for New York, another sanctuary state catering to criminal illegal immigrants and left-wing extremists,” said Congressman Langworthy. “State and local governments MUST comply with federal immigration enforcement efforts, and if they don’t, the Stop Dangerous Sanctuary Cities Act would withhold federal financial assistance from them. We must stand with our heroic ICE officers, our men and women in blue, and with the American people who cry out for safety and common sense in their local governments.”

     

    Additionally, this legislation clarifies legal authority for local and state law enforcement to honor federal immigration detainer requests by deeming officers who comply to be acting as federal agents. It protects law enforcement by shielding officers and jurisdictions from liability when they cooperate with federal immigration enforcement. The bill also encourages compliance with federal immigration law by targeting jurisdictions that defy lawful detainer requests and shield illegal immigrants from removal. 

     

    Read the bill text here. 

     

    Original cosponsors of this legislation in the House include Reps. Byron Donalds (R-FL), Buddy Carter (R-GA), Clay Higgins (R-LA), Chuck Edwards (R-NC), Dave Taylor (R-OH), Derek Schmidt (R-KS), Diana Harshbarger (R-TN), Elise Stefanik (R-NY), John McGuire (R-VA), Lauren Boebert (R-CO), Mike Collins (R-GA), Pat Harrigan (R-NC), John Rose (R-TN), Pete Stauber (R-MN), Van Orden (R-WI), and William Timmons (R-SC).

     

    “Sanctuary cities in New York State shield criminal illegals while hurting law-abiding citizens,” said Chairwoman Stefanik. “Under the failed Far Left Democrat leadership of Governor Kathy Hochul, sanctuary cities incentivize illegal migration into New York State overrunning social services, drive up housing costs, and reduce wages.”

     

    The Senate companion, led by Senator Ted Cruz, has the support of Republican Senators Tim Sheehy (MT), Ron Johnson (WI), James Lankford (OK), Ted Budd (NC), Chuck Grassley (IA), Pete Ricketts (NE), Rick Scott (FL), Shelley Moore Capito (WV), Kevin Cramer (ND), Deb Fischer (NE), Bill Hagerty (TN), John Hoeven (ND), Cindy-Hyde Smith (MS), Jim Banks (IN), Eric Schmitt (MO), Bernie Moreno (OH), and Katie Britt (AL).

     

    Read the Fox News exclusive here.

     

    ###

     

    MIL OSI USA News –

    June 11, 2025

  • MIL-OSI Russia: Nepal: IMF Reaches Staff-level Agreement on Sixth Review Under the Extended Credit Facility

    Source: IMF – News in Russian

    June 10, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Nepali authorities and the IMF team have reached staff-level agreement to conclude the sixth review of Nepal’s economic reform program supported by the IMF’s Extended Credit Facility (ECF) arrangement. Once the review is approved by IMF Management and completed by the IMF Executive Board, Nepal will have access to about $42.7 million in financing.
    • The growth recovery is expected to gather pace in FY2025/26 underpinned by policy measures announced in the budget aimed at improving project execution and boosting private sector confidence, while lending rates remain accommodative. However, timely and full execution of budget spending is important to durably strengthen economic growth.
    • Completion of the sixth review by the IMF’s Executive Board will require completing a prior action relating to further progress with the loan portfolio review.

    Washington, DC: An International Monetary Fund (IMF) team led by Ms. Sarwat Jahan visited Kathmandu during May 26 to June 10, 2025. After constructive discussions, Ms. Jahan issued the following statement at the end of the mission: “The Nepali authorities and IMF staff reached staff-level agreement on the policies and reforms needed to complete the sixth review under the ECF (see Press Release No. 22/6)[1]. The agreement is subject to approval by the IMF’s Executive Board. Upon completion of the Executive Board Review Nepal would have access to SDR 31.4 million (about US$42.7 million), bringing the total IMF financial support disbursed under the ECF to SDR 251.1 million (about US$331.8 million), from a total of SDR 282.4 million.

    “Nepal continues to make progress with the implementation of the ECF-supported program. Program performance has been satisfactory, with all quantitative performance metrics for mid‑January 2025 met except for the indicative target on child welfare grants. The implementation of structural benchmarks has gained momentum while reforms in some areas are still ongoing. Key reforms that have been completed or are on-track to be completed soon as part of the sixth review include completion of a tax expenditure report, publication of revised National Project Bank guidelines, and finalization of a post-Loan Portfolio Review (LPR) roadmap. Significant progress was made on bringing key recommendations from the IMF’s 2021 Safeguard Assessment and 2023 Financial Sector Stability Report into draft Nepal Rastra Bank (NRB) Act amendments in preparation for submission to Parliament. The NRB remains committed to completing the LPR and is finalizing the selection of the independent international consultant to assist with the LPR. The completion of the sixth review by the IMF’s Executive Board is contingent on NRB making further progress with the loan portfolio review.

    “Domestically, economic activity has continued to gradually recover, underpinned by a rebound in construction and manufacturing, continued expansion of hydropower capacity, and a good harvest that helped offset the impact of the September 2024 floods. Growth in FY2024/25 is estimated to exceed 4 percent, although still below potential. Inflation, which spiked temporarily following the floods, decelerated to 3.4 percent y/y in April 2025. The external position continued to strengthen, with robust growth in exports, remittances, and tourism receipts outpacing the recovery in imports.

    “Financial sector vulnerabilities have not yet eased, with non‑performing loans (NPLs) increasing to 5.2 percent in April 2025, impacting bank capital. The financial health of the savings and credit cooperatives (SACCOs) remains challenging.

    “Looking ahead, growth is projected to strengthen in FY2025/26, while inflation is expected to remain contained within the NRB’s tolerance level. However, the outlook is subject to important downside risks, including under-execution of capital projects, an increase in financial sector vulnerabilities, elevated global trade tensions and uncertainty, and potential disruptions to domestic policy continuity and reform implementation.

    “Against this background, policies and reforms envisaged under the ECF-supported program remain well-placed to help preserve macroeconomic stability and strengthen Nepal’s policymaking framework. The FY2025/26 budget is broadly consistent with the program objective to maintain fiscal and debt sustainability, while initiating reforms to increase capital spending, providing further incentives to encourage private sector investment, and expanding the public school midday meal program.

    “Monetary policy continues to follow a cautious data-driven approach, with maintaining focus on price and external stability a key to supporting growth. Amendments to the NRB Act would strengthen the central bank’s independence and governance and make the bank resolution regime more robust. Rising financial sector vulnerabilities warrant increased vigilance. In this context, it is essential to launch the LPR in a timely manner and prioritize measures to deal with problematic SACCOs. Creation of an Asset Management Company should be approached with extra caution given the risks involved and should be made conditional on improvements to the debt recovery framework, including the insolvency law, and a thorough review of the business case for such an entity. The authorities have continued to make tangible improvements to the anti-money laundering/countering the financing of terrorism (AML/CFT) legal framework, and are now shifting their focus to effective implementation of Nepal’s AML/CFT Action Plan.

    “The IMF team held meetings with the Honorable Deputy Prime Minister and Finance Minister Mr. Bishnu Prasad Paudel, the National Planning Commission Vice-Chairman Honorable Dr. Shiva Raj Adhikari, the Nepal Rastra Bank Governor Dr. Biswo Nath Poudel, and other senior government and central bank officials. The IMF team also met with representatives from the private sector, think tank and development partners.”

    “The IMF team is grateful to the Nepali authorities for their hospitality and for open and constructive discussions.”

    [1] The Extended Credit Facility (ECF) provides financial assistance to countries with protracted balance of payments problems. It supports countries’ economic programs aimed at moving toward a stable and sustainable macroeconomic position consistent with strong and durable poverty reduction and growth. The ECF is expected to help catalyze additional foreign aid.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/10/pr-25191-nepal-imf-reaches-agreement-on-6th-review-under-the-ecf

    MIL OSI

    MIL OSI Russia News –

    June 11, 2025

  • MIL-OSI United Kingdom: GAZA: Israel’s illegal interception of Madleen aid ship must spark international action

    Source: Scottish Greens

    10 Jun 2025 External Affairs

    The UK cannot continue to support Israel while it openly breaks international law.

    More in External Affairs

    Scottish Greens Co-Leader Patrick Harvie MSP has condemned the capture of a British registered ship the ‘Madleen’ that was carrying 12 humanitarian aid volunteers, including Greta Thunberg and Rima Hassan MEP, by Israeli forces in international waters. 

    At 02:50am (EEST) Israeli forces began an ‘assault’ in international waters on the Madleen according to the organisation behind the aid effort, the Freedom Flotilla Coalition. It was reported that the ship was boarded and its volunteers taken by Israeli authorities.

    The UN Convention on the Law of the Sea prohibits the interception of vessels in international waters without lawful cause. It was also reported that just hours before the Israeli forces boarded the ship carrying crucial humanitarian aid that a UK spy plane was sent over the Palestinian territory.

    Responding to the news of the Madleen’s capture, Scottish Greens Co-Leader Patrick Harvie MSP said:

    “This is another horrifying violation of international law by the Israeli authorities. There can be no justification for capturing an unarmed humanitarian aid ship in international waters, and we can’t let them get away with this yet again. 

    “We must see the immediate and unconditional release of all Madleen crew members. And we desperately need immediate and unimpeded entry of humanitarian aid to Gaza. 

    “Palestinians urgently need food, water, and medical supplies but it has been denied time and again by Israel. The objective of this flotilla was to put all eyes on Gaza and end the illegal Israeli aid blockade, that must now happen. The world needs to act.

    “Yet, the UK Government remains complicit in the Israeli regime’s horrific war crimes in Gaza and the West Bank, from arms sales to reconnaissance missions. The UK Government has blood on its hands.

    “Now with a British vessel being boarded and captured by Israeli military forces this Labour government’s silence says it all. 

    “All governments must stand up to Israel, stop all funding and support for Netenyahu’s genocidal regime, and ensure urgent humanitarian aid is delivered to the people of Gaza.”

    MIL OSI United Kingdom –

    June 11, 2025

  • MIL-OSI USA: Kennedy, Cassidy, colleagues urge FEMA to end unaffordable Risk Rating 2.0 program

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Banking Committee, today joined Sen. Bill Cassidy (R-La.) and seven Republican colleagues in sending a letter to acting Federal Emergency Management Agency (FEMA) Administrator David Richardson urging the agency to end the Biden administration’s failed Risk Rating 2.0 program.
    Under Risk Rating 2.0, an estimated 80 percent of Louisiana National Flood Insurance Program (NFIP) policyholders experienced monthly flood insurance premium increases in 2025.
    “Since the Biden Administration’s rollout of Risk Rating 2.0, premiums under the National Flood Insurance Program (NFIP) increased in every state. By FEMA’s own estimates, 77 percent of all NFIP policies now pay more than under the old system,” the senators wrote.
    “The lack of transparency surrounding Risk Rating 2.0 is beyond troubling. FEMA has never allowed for meaningful public comment nor has it published the underlying data or assumptions used to justify the steep premium increases and refuses to disclose its actuarial model. Without transparency, communities cannot plan mitigation projects, lenders cannot accurately underwrite mortgages, and citizens cannot appeal punitive rate increases. Worse still, rising costs encourage policy lapses—shifting risk back to taxpayers when disasters strike,” they continued.
    “Each month that Risk Rating 2.0 continues unchecked, more families are forced to abandon their insurance coverage, neighborhoods face economic strain, and entire communities risk collapse after the next disaster,” the lawmakers added. 
    Sens. Cindy Hyde-Smith (R-Miss.), Roger Wicker (R-Miss.), Shelley Moore Capito (R-W.Va.), Jim Justice (R-W.Va.), Katie Britt (R-Ala.), Tommy Tuberville (R-Ala.) and John Cornyn (R-Texas) also joined the letter.
    Background:
    In 2023, Kennedy introduced the Risk Rating 2.0 Transparency Act, which would require FEMA to publish an explanation of how the agency is determining flood insurance prices under Risk Rating 2.0. 
    In 2023, Kennedy also introduced the Flood Insurance Affordability Act, which would cap annual flood insurance premium increases.
    In 2024, Kennedy spoke in the Senate Banking Committee about FEMA’s dishonesty concerning the Risk Rating 2.0 program, noting that the agency “said a million people of the 5 million people [who hold NFIP policies] will see their rates go down. I haven’t talked to a single person who’s seen their rates go down.”
    The full letter is available here.

    MIL OSI USA News –

    June 11, 2025

  • MIL-OSI Canada: Backgrounder – Canada imposes fourth round of sanctions on facilitators of extremist settler violence against civilians in the West Bank

    Source: Government of Canada News

    The Regulations Amending the Special Economic Measures (Extremist Settler Violence) Regulations designate two (2) officials of the State of Israel. There are reasonable grounds to believe that these individuals have engaged in activities that undermine the peace and security of the State of Israel and the occupied Palestinian territories by directly facilitating, supporting, providing funding for or contributing to the use of violence by Israeli extremist settlers against Palestinian civilians or their property in the West Bank.

    Canadian measures

    Persons (individuals and entities) in Canada or Canadians outside Canada are thereby prohibited from dealing in the property of, entering into transactions with, providing services to, transferring property to, or otherwise making goods available to these listed individuals. These measures will also render these individuals inadmissible to Canada under the Immigration and Refugee Protection Act. Under the Special Economic Measures (Extremist Settler Violence) Regulation, a listed person may apply to the Minister of Foreign Affairs to have their name removed from the Schedule of designated persons. The Minister must determine whether there are reasonable grounds to make a recommendation to the Governor in Council for removal.

    The specific prohibitions are set out in the Special Economic Measures (Extremist Settler Violence) Regulations.

    The names of the individuals added to the Schedule of these regulations are the following:

    • Itamar Ben-Gvir
    • Bezalel Yoel Smotrich

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Protecting Canada’s livestock industry with a new vaccine bank

    Source: Government of Canada News (2)

    Canada is making significant progress towards the creation of a dedicated foot-and-mouth disease (FMD) vaccine bank, which will build on existing protections for the livestock industry and equip producers with another tool to control and eliminate the disease should an outbreak occur.

    Following a competitive procurement process, Public Services and Procurement Canada, on behalf of the Canadian Food Inspection Agency, awarded contracts to Boehringer Ingelheim Animal Health and Biogénesis Bagó SA to supply multiple types of vaccine products and develop Canada’s first FMD vaccine bank. This FMD vaccine bank complements Canada’s current access to vaccines through the North American Foot and Mouth Disease Vaccine Bank, ensuring readily available vaccines for Canadian producers.

    FMD is a highly contagious and severe disease that affects cattle, sheep, swine, and other cloven-hoofed animals. An FMD infection can cause painful blisters that make it hard for animals to eat, walk, and produce milk, leaving them weak and sick.

    Preparedness efforts, including building a Canadian FMD vaccine bank, are key to protecting Canadian animals and agriculture. Having a ready supply of FMD emergency vaccines will strengthen our ability to respond effectively to an outbreak should one occur. It could also reduce the number of cases and the duration of the outbreaks. 

    Collaboration between Canada’s federal, provincial and territorial governments along with stakeholders plays a key role in Canada’s FMD prevention and preparedness plans. These efforts, combined with Canada’s existing strict import requirements, on-farm biosecurity measures, and disease surveillance, continue to protect the health of Canadian animals and the economic prosperity of our producers and farming communities.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI: Emergency Loans Online for Low Credit & Bad Credit Borrowers – A New Initiative by Wizzay

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 10, 2025 (GLOBE NEWSWIRE) — In times of unexpected economic turmoil, individuals will tend to look for emergency loans as a potential means of respite. Emergency loans are typically designed to provide speedy access to funds for urgent expenditures such as medical bills, emergency work, or unavoidable travel. With the surge of online lending sites, the term “emergency loans online guaranteed approval” has gained much more visibility.

    Wizzay Loan is an online platform in the nature of a loan referral network that brings together borrowers and lenders who might provide financial support regardless of credit issues. Wizzay Loan does not lend funds directly but provides access to a pool of third-party lenders.

     <<>>

    Wizzay Loan – Now Offering Emergency Loans Online With Guaranteed Approval

    Emergency loans are temporary borrowing options that are meant to help pay for surprise or immediate expenses like medical charges, car repairs, or utility bills. When made available online, they offer a guarantee of convenience and speed when applying and being approved.

    The word “guaranteed approval” is often placed in advertisements but needs to be interpreted cautiously. Practically, no serious lender can guarantee approval without reviewing important eligibility factors like income, identification, and credit worthiness. Rather, sites that employ this terminology often tend to offer loan matching services or platforms in which approval chances are more feasible because there are various lenders available.

    Emergency loans online generally range from moderate to small sizes with short loan terms. Interest rates and charges are quite diverse, based on lender type and borrower credit profile. Borrowers need to use caution with guaranteed approval promises and ask for full disclosure of loan terms prior to commitment.

    Why Wizzay Loan Stands Out in a Crowded Direct Lender Marketplace

    Wizzay Loan is mostly a loan matching website, allowing clients to get access to a network of lenders that have expertise in personal and emergency loans. It does not directly offer loans like direct lenders but makes connections based on the information of the applicants.

    The site addresses people who might find it challenging to get credit from conventional financial institutions, such as individuals with poor or limited credit scores. Through the use of various lender relationships, Wizzay Loan provides users the potential of loan matches that can accommodate diverse financial circumstances.

    Its prominence in the online lending market stems from the volume of lender partners and the streamlined application process it provides. While it markets itself as offering “guaranteed approval,” this claim refers more to the broad reach of its lender network rather than an unconditional loan guarantee.

     <<>>

    How Wizzay Loan Helps Access Personal Loans Without Delay

    The urgency of emergency expenses requires fast access to funds. Wizzay Loan aims to expedite the loan search and application process by centralizing borrower information and submitting it to multiple lenders simultaneously.

    Key aspects of its approach include:

    • Single Application Process: Borrowers complete one form, reducing repetitive submissions.
    • Network Matching: Information is sent to several lenders within the network to identify potential matches quickly.
    • Speed of Decision: Numerous lenders who participate use automated underwriting, allowing quick decisions, even in minutes.
    • Diverse Loan Options: The platform offers different types of loans, such as payday loans, installment loans, and other short-term credit offerings.

    But applicants should realize that though the platform makes the search easier, actual loan approval periods and funding are subject to the policies of individual lenders and borrower eligibility.

    Finding Instant Payday Loans Online Guaranteed Approval Through Wizzay Loan

    Online payday loans guaranteed approval instantly are often marketed as a quick and convenient financial answer. Payday loans are short-term, usually small-dollar loans that are to be repaid at the borrower’s next payday.

    While a few lenders offer quick approval and same-day funding, the term guaranteed approval needs to be carefully examined. Legitimate lenders need to consider risk factors before approving credit, so not all applicants are approved instantly or without stipulation.

    Criteria that influence immediate approval are:

    • Income and Employment Verification: Income proof is usually necessary.
    • Identity Verification: To avoid fraud and meet regulations.
    • Debt-to-Income Ratio: To assess ability to pay back.
    • Credit History: While there are payday lenders who advance cash to those with poor credit, very negative histories or recent bankruptcies could restrict the possibility of approval.

    Payday Loans Online via Wizzay Loan – Risks, Terms, and Availability

    Payday loans online are easily accessible via lender networks and referral services, such as platforms like Wizzay Loan. The loans are defined by brief repayment terms (typically two to four weeks) and comparatively high interest rates versus conventional loans.

    The following are key things to consider:

    • High Cost of Borrowing: Rates and charges can be extremely high, reaching more than 300% annual percentage rate (APR).
    • Short Repayment Period: Repayment is usually due in one lump sum on the next paycheck of the borrower, which can be stressful on finances.
    • Risk of Debt Cycle: Borrowers who cannot repay soon might roll over or renew loans, causing debt accumulation.
    • Availability: Payday loans are governed differently by state or nation; they are restricted or banned in some jurisdictions, impacting availability.

    Borrowers must consider these factors thoughtfully and use alternative forms of finance whenever possible.

     <<>>

    Getting Quick Cash Loans Through Wizzay Loan’s Lender Network

    Lender networks make it easier to get different quick cash loan products by sending borrower applications to a network of lenders. Networks help to bring approval opportunities, especially for borrowers with less-than-perfect credit.

    Different Types of Loans: Networks could offer payday loans, installment loans, title loans, and personal loans.

    Multiple Lending Criteria: Different lenders have different criteria for approval.

    • Data Sharing: Personal and financial details are shared with several parties, which brings privacy issues to the fore.
    • Potential Multiple Offers: Candidates may be offered several loans to shop around.
    • Fees and Terms: Both very different between lenders, stressing the importance of careful examination.

    Knowledge of these factors may assist borrowers in making well-informed choices regarding which type of loan best meets their requirements.

    Navigating the Credit Check Landscape with Wizzay Loan

    Credit checks are an integral part of most loan determinations. Sites such as Wizzay Loan work around credit checks by providing loan choices along a range of credit profiles.

    Credit check types include:

    1. Soft Credit Checks: Do not impact credit scores and tend to be employed in prequalification processes.
    2. Hard Credit Checks: Conducted by lenders to evaluate risk in a formal manner; will temporarily impact credit scores.

    Wizzay Loan’s network can consist of lenders who would be prepared to deal with borrowers who have:

    • Low credit scores.
    • Poor credit histories.
    • Recent financial problems.

    Applicants need to note that even though there might be some lenders providing “no credit check” loans, these normally come at a higher price or with tighter conditions.

     <<>>

    Wizzay Loan Facilitates Same Day and Instant Approval for Emergency Lending

    Same day or immediate approval conditions describe quick underwriting decisions and quick funding practices. It can be imperative for emergency loans where speed is most important.

    The main influencers of speed are:

    • Automated Underwriting Systems: Technology is used by many lenders to quickly assess applications.
    • Prequalification Processes: Soft inquiries and initial reviews accelerate decisions.
    • Funding Methods: Electronic fund transfers and direct deposit enable quick disbursement.
    • Verification Requirements: Extra documentation requests can slow funding.

    While some borrowers receive approval and funds on the same day, others may experience delays depending on lender procedures and individual circumstances.

    Wizzay Loan Eligibility: Who Qualifies for Emergency Loans with Bad Credit?

    Eligibility for emergency loans with bad credit varies by lender but generally depends on several factors beyond credit scores:

    • Minimum age of 18
    • Proof of income or employment
    • U.S. citizenship or permanent residency
    • Valid bank account

    Subprime borrowers with poor credit need to thoroughly examine lender requirements and the cost of subprime emergency loans.

    The Application Process at Wizzay Loan

    Getting emergency loans from Wizzay Loan consists of a few stages meant to make borrowing easy:

    • Single Online Application Completion: The applicant supplies personal, financial, and employment data.
    • Review of Information: Submitted information is reviewed for completeness by the platform.
    • Submission to Lender Network: The application is submitted to several lending partners.
    • Loan Matches and Offers: Borrowers receive possible loan offers based on qualification.
    • Selection and Finalization: Applicants select a loan offer and fulfill lender-specific requirements, including identity confirmation and agreement signing.

    This streamlined process seeks to simplify application complexity while enhancing access to loan alternatives.

     <<>>

    Wizzay Loan Maintains Transparency and Compliance Standards in Emergency Lending

    Transparency and regulatory compliance are paramount in the emergency lending industry given the susceptibility of the borrowers and predatory behavior potentials.

    Regulatory aspects encompass:

    • Disclosure of Terms: Interest rates, charges, payment terms, and penalties shall be clearly disclosed by lenders.
    • Consumer Protections: Such regulations frequently involve caps on interest rates, amounts to be loaned, and rollover practices.
    • Privacy Policies: Safeguarding personal information according to legal requirements.
    • Licensing Requirements: Lenders and referral services must comply with applicable state or national licensing laws.

    Platforms like Wizzay Loan are subject to these regulatory frameworks, and borrowers are encouraged to review terms carefully and verify lender credentials.

    Wizzay Loan Expands Access to Alternative Lending Options for Bad Credit Borrowers

    Beyond payday and emergency loans, several alternative financing options exist for consumers facing urgent financial needs:

    • Credit Union Loans: Often offer lower rates and more flexible terms.
    • Installment Loans: Longer terms with regular monthly payments.
    • Peer-to-Peer Lending: Individual investors finance loans through online sites.
    • Credit Card Advances: Ready money through credit cards but at exorbitant interest charges.
    • Employer Pay Advances: Paycheck advances are provided by some employers as an employee benefit.

    All alternatives have unique strengths and weaknesses, stressing the need to compare several alternatives before taking a loan.

    Wizzay Loan Helps Borrowers Cover Emergency Expenses Beyond Traditional Credit

    For those who cannot or will not go through traditional credit, alternative strategies can cover emergency costs:

    • Personal Savings: Employing emergency savings targeted for unexpected expenses.
    • Assistance Programs: Government or non-profit organizations can provide grants or assistance.
    • Negotiating Payment Plans: Working with creditors or service providers to make payments in the future.
    • Borrowing from Friends or Family: Unofficial loans without interest, but with personal factors.

    These methods sometimes reduce the necessity of high-cost emergency loans.

     <<>>

    Wizzay Loan’s Referral Network Model Connects Borrowers with Multiple Direct Lenders

    Direct lenders and loan referral networks play different roles in the online lending economy:

    • Direct Lenders: Banks or institutions that give loans and handle the entire loan process.
    • Loan Referral Networks: Sites that gather borrower data and match borrowers with several lenders without directly funding loans.

    Referral networks increase access to loan options but entail sharing information with multiple entities. Direct lenders create a more immediate relationship but could have more stringent eligibility requirements.

    Knowing these distinctions assists borrowers in making effective choices.

    What Makes Wizzay Loan’s Network Unique Among Online Lenders

    Wizzay Loan is unique in providing access to a wide array of lenders for different credit profiles. Its efficient application process and extensive network of lender relationships offer a convenient platform for consumers who need funds immediately.

    Key features are:

    • Single application to several lenders at the same time.
    • Access to lenders who provide subprime and no-credit-check loans.
    • Multiple loan products such as payday and installment loans available.
    • Rapid matching and initial approvals enabled by technology.

    This model differs from single-lender sites by maximizing potential loan matches without the need for numerous individual applications.

     <<>>

    Final Thoughts: When Wizzay Loan Emergency Loans Are Your Best Option

    Emergency loans online with guaranteed approval promises may provide relief for unexpected financial needs, particularly among borrowers with credit issues. Nonetheless, borrowers should proceed with such loans with extreme caution considering terms, charges, and options.

    It is important to understand the terms of loan referral websites such as Wizzay Loan, realities of approval procedures, and consequences of borrowing. Responsible borrowing with knowledge about consumer safeguards and other available choices can assist individuals in managing emergency financial crises in a better way.

    The above press release has tried to provide a balanced overview to help readers make knowledgeable choices regarding emergency loans and other allied financial products.

    Attachment

    The MIL Network –

    June 11, 2025

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 10.6.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  10.6.2025
         
         
    Siili Solutions Plc: Share Repurchase 10.6.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           10.6.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 000 Shares
    Average price/ share    6,3338 EUR
    Total cost            6 333,80 EUR
         
         
    Siili Solutions Plc now holds a total of 8 198 shares
    including the shares repurchased on 10.6.2025  
         
    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

    • SIILI 10.6.2025 Trades

    The MIL Network –

    June 11, 2025

  • MIL-OSI: Kvika banki hf.: Moody’s places Kvika Banki’s ratings on review for upgrade

    Source: GlobeNewswire (MIL-OSI)

    Moody’s Ratings (“Moody’s”) has today placed Kvika Banki hf.’s (“Kvika”) deposit and issuer ratings on review for upgrade. The rating action follows the separate announcements from Arion Banki hf. and Íslandsbanki hf. that their respective boards of directors have proposed opening merger talks with the board of directors of Kvika. No decision has been made by Kvika’s board of directors regarding next steps.

    Please find the release from Moody’s attached.

    For further information please contact Kvika‘s investor relations, ir@kvika.is.

    Please note that this notice is a disclosure of inside information per article 7 of regulation (EU) No 596/2014 on market abuse (“MAR”), which is implemented into Icelandic law with the act on measures against market abuse No 60/2021.

    Attachment

    • Rating_Action-Moodys-Ratings-places-Kvika-10Jun2025-PR_508242

    The MIL Network –

    June 11, 2025

  • MIL-OSI: Societe Generale: shares & voting rights as of 31 May 2025

    Source: GlobeNewswire (MIL-OSI)

    NUMBER OF SHARES COMPOSING CURRENT SHARE CAPITAL AND TOTAL NUMBER OF VOTING RIGHTS AS OF 31 MAY 2025

    Regulated Information

    Paris, 10 June 2025

    Information about the total number of voting rights and shares pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulations.

    Date Number of shares composing current share capital Total number of
    voting rights
    31 May 2025 800,316,777

    Gross: 887,657,909

    Press contacts:

    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    • Societe-Generale-shares-voting-rights-as-of-31-05-2025

    The MIL Network –

    June 11, 2025

  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to Turkmenistan

    Source: IMF – News in Russian

    June 10, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • Growth slowed in 2024 due to weak hydrocarbon exports. The main economic challenge is to translate hydrocarbon wealth into more diversified, sustainable, and inclusive growth.
    • A more market-based strategy, reforms to the monetary and exchange rate frameworks, increased public spending efficiency, and enhanced governance and transparency would support the transition to a more diversified and robust economy.
    • Further improvements in the availability, quality, and reliability of economic statistics would help inform policy makers and increase transparency and credibility.

    Washington, DC: An International Monetary Fund (IMF) mission led by Ms. Anna Bordon visited Ashgabat during May 21-June 3, 2025. The purpose of the visit was to review the country’s economic landscape, including its financial developments, economic outlook, risks, and policies aimed at promoting diverse, inclusive, and sustainable growth. The mission met with senior government officials, representatives of the private and financial sectors, and the diplomatic community. At the end of the visit, Ms. Bordon issued the following statement: 

    “Economic activity moderated in 2024, and inflation softened in recent months. IMF staff estimate that growth slowed to 3.0 percent in 2024 from 4.5 percent in 2023, owing to weak hydrocarbon exports. Inflation decelerated from 3.8 percent at end 2024 to 1.1 percent in March 2025 owing to a sharp slowdown in food inflation combined with deflation in non-food items and low inflation in services. Credit growth and monetary conditions have been tighter since the second half of 2023, while the parallel market exchange rate has remained broadly stable. The current account surplus narrowed from 5.9 percent of GDP in 2023 to 4.4 percent in 2024.

    “Looking ahead the economy is expected to expand at around 2.3 percent in 2025 and over the medium term. Hydrocarbon exports growth is expected to be negative in 2025, but to gradually pick up to around 2 percent over the medium term while non-hydrocarbon growth is expected to remain subdued, given the challenging business environment, investment inefficiencies, significant real exchange rate overvaluation, and protectionism. Inflation is projected to pick up gradually over the medium term due to looser monetary conditions, returning to its recent historical average of 8 percent, which is primarily fueled by the long-standing policy of increasing public sector wages and pensions by 10 percent annually. The external position is projected to gradually deteriorate, shifting from a surplus to a deficit, driven by lower hydrocarbon prices, declining oil exports, and an overvalued currency. Rising wages are also expected to fuel import demand, further weakening the trade balance. Risks to the outlook remain tilted to the downside.

    “The nonhydrocarbon primary balance improved in 2024, with higher revenues more than offsetting an increase in capital spending. Looking ahead, the deficit is anticipated to narrow further over the medium term, with capital spending expected to moderate. To leverage this positive trajectory, it is crucial for Turkmenistan to focus its spending on enhancing physical and human capital. This will require improving spending efficiency and public investment management, transitioning towards performance-based public wage increases, and reforming state-owned enterprises (SOEs).

    “Strengthening fiscal reporting and public financial management (PFM) should be a top priority. Turkmenistan should expedite the implementation of medium-term budgeting, establishment of a single treasury account, and the expansion of fiscal reporting coverage. Reforming SOEs is also pivotal in managing fiscal risks, enhancing fiscal transparency, and fostering private sector development by reducing the state footprint.

    “The Central Bank of Turkmenistan (CBT) should focus on price and financial stability. Until recently, the CBT had typically kept monetary policy loose to support the government’s long-term development objectives. Since the second half of 2023, however, CBT net lending to banks has slowed considerably, owing to SOE repayments. Going forward, commercial bank lending for development purposes, if needed, should be supported by the state budget, and not by the CBT. The CBT should also modernize its central bank operations and accelerate its efforts to strengthen financial regulation, supervision, and crisis management.

    “Unifying the exchange rates would support Turkmenistan’s diversification objectives and reduce economic distortions and governance vulnerabilities. Turkmenistan should consider a significant upfront adjustment of the official exchange rate combined with sufficiently tight macroeconomic policies, a clear communication strategy, and enhanced social benefits to protect the most vulnerable. Post-adjustment, the devalued official exchange rate can remain the monetary anchor, with the CBT ready to provide FX to meet demand. Exchange restrictions on current international transactions should also be eliminated, to create a level-playing field, improve efficiency, and alleviate FX shortages. The adjustment measures and supporting reforms need to be sequenced carefully, while recognizing inherent uncertainties.

    “Turkmenistan is adequately prioritizing economic diversification. A pre-requisite for diversification is macroeconomic stability, including as a core element the unification of the exchange rates and elimination of exchange restrictions. Moving away from a centrally planned economy will require continued efforts to liberalize prices and reduce the state footprint to allocate resources more efficiently. A more market-oriented economy will also require improving governance, skills, infrastructure, digitalization, and logistics while accelerating the efforts toward WTO accession.

    “Further improvements in the availability, quality, and reliability of economic statistics would help inform policy makers and increase transparency and credibility.   

    “The IMF team is grateful to the authorities and other stakeholders for their warm hospitality and insightful and candid discussions.”

    Turkmenistan: Selected Economic and Financial Indicators, 2022–26

    		  
       

     

     

     

     

     

     

    		    
     

    Est.

    Est.

    Est.

    Proj.

    Proj.

    		    

     

    2022

    2023

    2024

    2025

    2026

    		    
       

     

    Output and prices

    (Annual percentage change)

    		    

    Real GDP 1/

    3.0

    4.5

    3.0

    2.3

    2.3

    		    

    Real hydrocarbon GDP

    -6.4

    -0.6

    -10.6

    -2.6

    1.8

    		    

    Real nonhydrocarbon GDP

    5.2

    5.6

    5.7

    3.0

    2.3

    		    

    Consumer prices (end of period)

    3.0

    1.4

    3.8

    4.0

    6.0

    		    

    Consumer prices (period average)

    11.2

    -1.6

    4.6

    3.9

    5.0

    		    
     

    Investment and savings

    (In percent of GDP)

    		    

    Gross investment

    18.2

    17.0

    16.0

    13.0

    12.9

    		    

             Of which: State budget

    0.5

    0.9

    1.6

    0.7

    0.7

    		    

    Gross savings

    27.9

    22.9

    20.4

    15.1

    13.3

    		    
     

    Fiscal sector

    (In percent of GDP)

    		    

    Overall fiscal balance 2/

    3.4

    0.1

    -0.1

    0.3

    -0.3

    		    

          Revenue

    16.4

    13.8

    14.4

    14.1

    13.7

    		    

          Expenditure

    13.0

    13.7

    14.5

    13.8

    14.1

    		    

    Total public debt 3/

    7.9

    5.8

    3.6

    3.3

    3.1

    		    
     

    Monetary sector

    (12-month percent change, unless otherwise indicated)

    		    

    Credit to the economy 4/

    8.2

    0.3

    2.2

    5.4

    5.9

    		    

    Credit to GDP ratio

    58.6

    53.1

    49.6

    49.9

    49.6

    		    

        Broad money, incl. foreign currency deposits at CBT

    -2.6

    -2.5

    10.1

    5.3

    6.7

    		    
     

    External sector

    (In percent of GDP, unless otherwise indicated)

    		    

    Exports of goods (In millions of US$)

    14,727

    12,963

    12,168

    11,218

    11,068

    		    

    Imports of goods (In millions of US$)

    7,188

    7,401

    7,665

    8,407

    9,085

    		    

    Current account balance

    9.7

    5.9

    4.4

    2.1

    0.4

    		    

    Foreign direct investment

    2.0

    0.9

    0.4

    0.0

    0.0

    		    

    Total public sector external debt

    7.9

    5.8

    3.6

    3.3

    3.1

    		    
             

    Memorandum items:

    		          

    Nominal GDP (in millions of manat)

    198,371

    219,848

    240,363

    251,884

    268,110

    		    

    Nominal GDP (in millions of US$)

    56,677

    62,814

    68,675

    71,967

    76,603

    		    
       
       

    Sources: Turkmen authorities; and Fund staff estimates and projections.

    		        

    1/ Staff uses its own GDP estimates given that the narrative underlying the official GDP growth estimates is hard to reconcile with other available data. In particular, official GDP growth is extremely stable, despite shocks, including the pandemic.

    		                    

    2/ Excluding receipts from government bond issuance and privatization proceeds.

    		                  

    3/ Includes domestic state government debt and external public and publicly guaranteed debt.

    		                

    4/ Including credit to SOEs.

     

     

     

    		                      
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Mayada Ghazala

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/10/pr-25190-turkmenistan-imf-completes-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

    June 11, 2025

  • MIL-OSI Economics: Apple services deliver powerful features and intelligent updates to users this fall

    Source: Apple

    Headline: Apple services deliver powerful features and intelligent updates to users this fall

    June 10, 2025

    UPDATE

    Apple services deliver powerful features and intelligent updates to users this fall

    New features include AutoMix and updates to Lyrics in Apple Music; preferred routes and Visited Places in Apple Maps; easy-to-track orders with Apple Intelligence in Apple Wallet; the introduction of Digital ID; and more

    With the release of iOS 26, iPadOS 26, macOS Tahoe 26, tvOS 26, visionOS 26, and watchOS 26 this fall, Apple is bringing exciting new features and adding more intelligence across its services, delivering even greater everyday functionality to users. This includes an enhanced listening experience in Apple Music; easier navigation with preferred routes and Visited Places in Apple Maps; new ways to make and track purchases with Apple Intelligence in Apple Wallet; customized playback experiences with Apple Podcasts; a refreshed boarding pass in Wallet; the introduction of Digital ID; and more.

    “Apple’s services are integral to many parts of a user’s day, and we’re excited to bring features that pack even more power and fun into their everyday moments,” said Eddy Cue, Apple’s senior vice president of Services. “These updates will help users better navigate and explore the world around them with Apple Maps, offer an enhanced Apple Music experience, elevate how they shop with Apple Pay and Apple Wallet, and so much more.”

    “AI and machine learning are a core part of what makes Apple’s services feel so personal and intuitive to our users around the world,” said Jeff Robbin, Apple’s vice president of Services Engineering. “They love the ease and simplicity that intelligent features like natural language search and App Store review summaries have brought, and we’re excited to continue adding thoughtful, tailored experiences to Apple’s services — including AutoMix, which mixes songs like a DJ in Apple Music, the option to use Enhance Dialogue to isolate voices and make them sound clearer in Apple Podcasts, and more.”

    Apple Music Introduces AutoMix, Upgrades to Lyrics, and More

    Apple Music delivers an elevated listening experience with AutoMix, which mixes one song into the next, just like a DJ. Using AI to analyze audio features, it crafts unique transitions between songs with time stretching and beat matching to deliver continuous playback and an even more seamless listening experience.

    This fall, Apple Music brings Lyrics Translation, which lets users understand the meaning of their favorite songs, and Lyrics Pronunciation, which enables users to sing along when lyrics are in another language. The new features use machine learning to translate lyrics — with fine-tuning from language experts — to ensure the emotion, cultural context, and lyrical intent are fully preserved.

    With Sing, the sing-along experience reaches a whole new level, allowing users to transform iPhone into a handheld microphone for Apple TV and have their voice amplified as they belt out their favorite songs with friends. And with real-time lyrics and visual effects that light up the screen, Sing reaches a new level of fun.

    Additionally, users can pin their favorite music to the top of their Library in Apple Music for easy access.

    Apple Maps Gets More Intelligent and Personalized with Preferred Routes and Visited Places

    Apple Maps makes everyday life easier with new enhancements that help users navigate their preferred routes and keep track of places they’ve previously visited, all while protecting user privacy.1 iPhone can now use on-device intelligence to learn and understand the routes users take between the places they frequently visit, like home and work. The Maps widget then shows users a preview of their commute so they know what to expect before they leave, and commute notifications alert users of significant delays and offer alternate routes, even before their journey begins.

    With Visited Places, users can allow iPhone to intelligently detect the places they visit and spend time in — like restaurants or shops — and they’ll automatically be saved to Maps. Users can search for places they’ve visited, and easily share them with family and friends. Visited Places are built with privacy in mind; they’re protected with end-to-end encryption, cannot be accessed by Apple, and can be easily removed with just a swipe.

    A Customized Playback Experience with Apple Podcasts

    Apple Podcasts delivers more customization to the listening experience, including a wider range of playback speeds and Enhance Dialogue. Users will be able to find the perfect listening speed for them, with speed options from 0.5x to 3x, and save their preferred setting for each show. Using real-time audio processing and machine learning, users can turn on Enhance Dialogue to hear speech more clearly over background sounds.

    New Ways to Track Orders with Apple Intelligence and Apple Wallet, and Make Purchases with Apple Pay

    Apple Wallet now uses Apple Intelligence to automatically identify, summarize, and display order tracking details from emails sent from merchants or delivery carriers. This works across all orders, giving users the ability to see their full order details, progress notifications, and more, all in one place.

    Additionally, Apple Pay expands the ability to pay with rewards and installments to in-store purchases for added flexibility and choice. Users can view and pay with rewards — as well as access installment loan offers from eligible credit or debit cards — when making an Apple Pay purchase in person with iPhone.

    The ability to access installments from credit and debit cards, including from pay-over-time providers, when making an in-store Apple Pay purchase will roll out in the U.S. with Affirm, Cash App Afterpay, Klarna, Synchrony, and U.S. Bank; in the UK with Monzo and Klarna; and in Canada with Klarna. The ability to redeem rewards for in-store purchases with Apple Pay will be available beginning in the U.S. with Synchrony and U.S. Bank.2

    Send and Receive Money in Group Chats with Apple Cash

    Apple Cash provides a convenient way for users to request, send, and receive money directly within group conversations in Messages, making it easier to settle up after dinner or pay friends back for concert tickets.3 Users can send money to an individual or request money from everyone in the group.

    More Convenient Travel with a Refreshed Boarding Pass Experience and Digital ID in Wallet

    In Apple Wallet, a refreshed boarding pass experience delivers rich, relevant information straight to users’ fingertips with Live Activities that offer real-time updates about their flights. For added convenience, users can also share their flight’s Live Activities so friends and family can stay up to date on their journeys.

    Refreshed boarding passes also allow users to conveniently access Maps to navigate airports and explore local recommendations, all in one place from their pass; quickly use Find My to track important items and report lost baggage; view key services on an airline’s app, such as seat upgrades and standby lists; and more. Refreshed boarding passes will be available starting with Air Canada, American Airlines, Delta Air Lines, JetBlue, Jetstar, Lufthansa Group, Qantas, Southwest Airlines, United Airlines, and Virgin Australia.

    Digital ID offers a secure and private new way for users to store and present their ID information using their iPhone and Apple Watch. Users can seamlessly create and add a Digital ID to Apple Wallet using a U.S. passport.

    With REAL ID implementation in effect, at launch, Digital ID provides another way for users to conveniently and securely present an ID in person at select TSA checkpoints for identity verification purposes during domestic travel. Digital ID is not a replacement for a physical passport, and cannot be used for international travel and border crossing in lieu of a U.S. passport. Like all IDs in Apple Wallet, this new solution takes advantage of the privacy and security features already built into iPhone and Apple Watch.

    Additionally, Verify with Wallet on the Web enables users to seamlessly and securely present their eligible driver’s license or state ID in Wallet to websites for age and identity verification, starting with Chime, Turo, Uber Eats, and U.S. Bank, as well as the Arizona MVD, Georgia DDS, and Maryland MVA.

    Ready-Made Custom Plans Unlock Consistent Routines in Apple Fitness+

    Custom Plans in Apple Fitness+ make it simpler than ever to follow a personalized schedule, automatically creating plans based on users’ workout and meditation preferences, including their top activities, durations, trainers, music, and more.

    To keep users motivated, Stay Consistent provides a premade schedule of activities that matches their current routine. With Push Further, users receive a plan that increases the time of each day’s workout sessions — or even adds another day — making it perfect for those looking to challenge themselves. For anyone new to Fitness+, Get Started provides a ready-made plan built from selected interests or popular activities, giving users a helpful starting point. Additionally, Custom Plans are now centrally located in a dedicated Plans page.

    A New Daily Puzzle Brings a Fresh, Friendly Challenge to Apple News+

    Apple News adds Emoji Game to Apple News+ Puzzles, joining Crossword, Mini-Crossword, Quartiles, and Sudoku. Emoji Game brings to life one of users’ favorite ways to communicate in a fun and engaging way, with players challenged to use emoji to complete three phrases, with the goal of solving the puzzle in as few moves as possible. Users can share puzzles, track stats and streaks, and compete with others through Game Center leaderboards. Emoji Game features a daily puzzle available in the U.S. and for English-speaking users in Canada, and can be accessed from the Following tab in the News app.

    Apple’s services make everyday activities more personal, productive, and enjoyable, and these new features and additional intelligent updates continue to deliver thoughtful, tailored experiences to users across the globe.

    Availability

    The Apple Intelligence features detailed require supported devices, which include all iPhone 16 models, iPhone 15 Pro, iPhone 15 Pro Max, iPad mini (A17 Pro), and iPad and Mac models with M1 and later that have Apple Intelligence enabled and Siri and device language set to the same supported language: English, French, German, Italian, Portuguese (Brazil), Spanish, Japanese, Korean, or Chinese (simplified). More languages will be coming by the end of this year: Danish, Dutch, Norwegian, Portuguese (Portugal), Swedish, Turkish, Chinese (traditional), and Vietnamese. For more information, visit apple.com/apple-intelligence. Features are subject to change. Some features may not be available in all languages or regions, and availability may vary due to local laws and regulations. For more information about availability, visit apple.com.

    1. Preferred routes and Visited Places are not available in all regions.
    2. Available on cards from participating banks and card providers in certain markets. Subject to eligibility and approval. In the U.S., Apple Pay is a service provided by Apple Payments Services LLC, a subsidiary of Apple Inc. Neither Apple Inc. nor Apple Payments Services LLC is a bank. Any card used in Apple Pay is offered by the card issuer.
    3. Apple Cash services are provided by Green Dot Bank, Member FDIC. Apple Payments Services LLC, a subsidiary of Apple Inc., is a service provider of Green Dot Bank for Apple Cash accounts. Neither Apple Inc. nor Apple Payments Services LLC is a bank. Learn more about the terms and conditions. Only available in the U.S. on eligible devices.

    Press Contacts

    Heather Norton

    Apple

    heather_norton@apple.com

    Kimberly Mai

    Apple

    k_mai@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

    June 11, 2025

  • MIL-OSI Europe: ECB appoints Thomas Vlassopoulos as Director General Market Infrastructure and Payments

    Source: European Central Bank

    10 June 2025

    • Directorate General Market Infrastructure and Payments oversees and coordinates the operation and development of payment systems and market infrastructure
    • It also leads the digital euro project
    • Mr Vlassopoulos will replace Ulrich Bindseil, who is leaving the ECB

    The Executive Board of the European Central Bank (ECB) has appointed Thomas Vlassopoulos as Director General Market Infrastructure and Payments. Mr Vlassopoulos will replace Ulrich Bindseil, who is leaving the ECB.

    Thomas Vlassopoulos is currently Deputy Director General Market Operations, a post he has held since May 2021. He previously headed the Monetary Analysis Division and was also Deputy Head of the Financial Stability Surveillance Division. Mr Vlassopoulos joined the ECB’s Directorate General Economics in 2008, from the Bank of Greece. Mr Vlassopoulos holds a master’s degree in economics from the London School of Economics and Political Science.

    The Directorate General Market Infrastructure and Payments (DG-MIP) coordinates and supports the operation and development of Eurosystem market infrastructures (TARGET Services), conducts oversight of payment, clearing and settlement systems, and acts as a catalyst for innovation in retail payments as well as exploring new technologies for wholesale central bank money settlement. It is also leading the digital euro project. Mr Vlassopoulos will be responsible for the strategic direction and management of DG-MIP, steering innovation, project workstreams and operational activities for TARGET Services, the digital euro project as well as retail and wholesale payments. He will chair a range of committees and high-level fora, maintaining working relationships with market participants and other stakeholders.

    For media queries, please contact Eszter Miltényi-Torstensson, tel.: +49 171 769 5305.

    Notes

    MIL OSI Europe News –

    June 11, 2025

  • MIL-OSI Banking: New Power BI Copilot experiences include chatting with your data

    Source: Microsoft

    Headline: New Power BI Copilot experiences include chatting with your data

    This week, we’re excited to announce the availability of two new Copilot experiences in Power BI. The Chat with your Data experience, which was announced at Build 2025, has now been fully deployed. Additionally, Copilot is now supported in securely embedded Power BI reports for portals and websites, enabling users to engage with the Copilot Report Pane directly within embedded report experiences.

    Chat with your data available now

    This dedicated, full-screen Copilot interface enables seamless content discovery and provides precise answers to your most critical business inquiries, drawing from any data you are authorized to access. Just ask your question, and Copilot will find the right data and use it craft a visual or summary to answer your question.

    Using the standalone Copilot experience to find a report and answer a data question

    The feature is off by default for now, so to take advantage of this experience, make sure to turn on the Users can access a standalone, cross-item Power BI Copilot experience tenant setting.

    To learn more about the requirements to get started, refer to the Copilot requirements documentation.

    Copilot in Embedded Reports for Portals and Websites (Now Available)

    Our second announcement is that Copilot is now supported in securely embedded Power BI reports for portals and websites. This means users can now engage with the Copilot Report Pane directly within the embedded report experience.

    To enable this feature, simply check the ‘Enable Copilot’ option when setting up your embedded report. Make sure Copilot is enabled for your organization, and that your workspace is backed by Power BI Premium or Fabric capacity. Check our documentation to learn more about Copilot requirements and for more details on enabling Copilot in secure embedded reports.

    Try it out today!

    There’s much more to come in this space, and you’ll continue to see new features and improved quality week over week and month over month. So, make sure to give these features a try and let us know what you think in the comments below!

    MIL OSI Global Banks –

    June 11, 2025

  • MIL-OSI Russia: Simpler and clearer – by 2026 the Ministry of Digital Development will change the procedure for processing tax deductions

    Translation. Region: Russian Federal

    Source: Mainfin Bank –

    What will change in the procedure for receiving a tax deduction by 2026?

    The registration of a deduction for personal income tax allows Russians to return part of the tax paid when buying a home, paying for medical, sports and educational services, and also to reduce the tax base when selling real estate and transport. You can take advantage of the benefit through State Services – by 2026, the Ministry of Digital Development promises to change the procedure:

    The Federal Tax Service will independently calculate the amount of tax to be deducted; taxpayers will not have to fill out a declaration when selling apartments and cars; an automatic notification service will appear – citizens will receive a mailing about the status of 3-NDFL inspections, which will allow them to track what stage the declaration is at.

    “The innovations are intended to simplify and make the process of processing deductions more transparent – the procedure will become more convenient for taxpayers,” the Ministry of Digital Development stated.

    Let us recall that persons paying personal income tax (most often, hired workers) can return 13% of certain types of expenses in Russia. Individual entrepreneurs and persons operating on the basis of a civil-law contract are also entitled to certain benefits.

    What other changes in the area of tax deductions await Russians?

    Simplifying the procedure for processing tax deductions is not the only change planned for the near future. The authorities are also discussing other innovations:

    introduction of a tax deduction for individuals who pass the GTO and undergo regular medical examinations – Vladimir Putin made the proposal; the limit for the personal income tax deduction for the purchase of housing may be increased to 6 million rubles – the Ministry of Construction supported the initiative; work on the launch of a multifunctional service that will allow for the automation of deductions will be completed by the end of the year.

    At the same time, the indicated changes regarding the introduction of new types of benefits and increasing limits have not yet been adopted at the legislative level – currently, discussions are underway on amendments that may be adjusted during the review process.

    15:00 10.06.2025

    Source:

    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: //Mainfin.ru/novosti/ Obrase- and-in-Knight-K-2026-Minzifry-Menit-Procedure-Registration-Nailural-Provisions

    MIL OSI Russia News –

    June 11, 2025

  • MIL-OSI Canada: Joint statement by the Foreign Ministers of Australia, Canada, New Zealand, Norway and the United Kingdom on measures targeting Itamar Ben-Gvir and Bezalel Smotrich

    Source: Government of Canada News

    June 10, 2025 – Ottawa, Ontario – Global Affairs Canada

    Today, the Foreign Ministers of Australia, Canada, New Zealand, Norway and the United Kingdom have announced sanctions and other measures targeting Itamar Ben-Gvir and Bezalel Smotrich for inciting violence against Palestinians in the West Bank.

    Settler violence is incited by extremist rhetoric which calls for Palestinians to be driven from their homes, encourages violence and human rights abuses and fundamentally rejects the two-state solution. Settler violence has led to the deaths of Palestinian civilians and the displacement of whole communities.

    We are steadfastly committed to the two-state solution which is the only way to guarantee security and dignity for Israelis and Palestinians and ensure long term stability in the region, but it is imperilled by extremist settler violence and settlement expansion.

    Itamar Ben-Gvir and Bezalel Smotrich have incited extremist violence and serious abuses of Palestinian human rights. Extremist rhetoric advocating the forced displacement of Palestinians and the creation of new Israeli settlements is appalling and dangerous. These actions are not acceptable. We have engaged the Israeli Government on this issue extensively, yet violent perpetrators continue to act with encouragement and impunity. This is why we have taken this action now – to hold those responsible to account. The Israeli Government must uphold its obligations under international law and we call on it to take meaningful action to end extremist, violent and expansionist rhetoric.

    The measures announced today do not deviate from our unwavering support for Israel’s security and we continue to condemn the horrific terror attacks of 7 October by Hamas.  Today’s measures are targeted towards individuals who in our view undermine Israel’s own security and its standing in the world. We continue to want a strong friendship with the people of Israel based on our shared ties, values and commitment to their security and future.

    Today’s measures focus on the West Bank, but of course this cannot be seen in isolation from the catastrophe in Gaza. We continue to be appalled by the immense suffering of civilians, including the denial of essential aid. There must be no unlawful transfer of Palestinians from Gaza or within the West Bank, nor any reduction in the territory of the Gaza Strip. We will continue to work with the Israeli Government and a range of partners. We will strive to ensure an immediate ceasefire, the release now of the remaining hostages and for the unhindered flow of humanitarian aid including food. We want to see a reconstructed Gaza no longer run by Hamas and a political pathway to a two-state solution.

    MIL OSI Canada News –

    June 11, 2025

  • MIL-OSI Canada: Canada imposes fourth round of sanctions on facilitators of extremist settler violence against civilians in West Bank

    Source: Government of Canada News (2)

    June 10, 2025 – Ottawa, Ontario – Global Affairs Canada

    The Honourable Anita Anand, Minister of Foreign Affairs, today announced that Canada is imposing new sanctions under the Special Economic Measures (Extremist Settler Violence) Regulations.

    This round of sanctions lists two individuals for their crucial role in facilitating the significant expansion of settlements and outposts in the West Bank, offering political cover to perpetrators of settler violence, and actively contributing to a more permissive environment for higher levels of harassment and violence by Israeli extremist settlers against Palestinian civilians.

    Extremist settler violence is leading to greater destabilization in the West Bank, resulting in the forced displacement of Palestinian communities, and increasingly threatening the viability of a two-state solution, as well as regional peace and security.

    Today’s sanctions are in coordination with the United Kingdom, Australia, New Zealand, and Norway, and are in response to the recent escalation of violence by Israeli extremist settlers and affiliates against Palestinian civilians and their property in the West Bank, including East Jerusalem, contributing to insecurity for both Palestinians and Israelis.

    The two individuals are the following:

    • Itamar Ben-Gvir
    • Bezalel Smotrich

    The measures announced today do not deviate from our unwavering support for Israel’s security and we continue to condemn the horrific terror attacks of 7 October by Hamas. Canada continues to oppose the expansion of settlements in the West Bank and East Jerusalem and is committed to a comprehensive, just and lasting peace in the Middle East.

    These measures focus on the West Bank, but of course this cannot be seen in isolation from the catastrophe in Gaza. Canada continues to be appalled by the immense suffering of civilians, including the denial of essential aid. There must be no unlawful transfer of Palestinians from Gaza or within the West Bank, nor any reduction in the territory of the Gaza Strip. Canada will continue to work with the Israeli Government and a range of partners. Canada will strive to ensure an immediate ceasefire, the release now of the remaining hostages and for the unhindered flow of humanitarian aid including food. Canada wants to see a reconstructed Gaza, where Hamas can play no part, and ultimately a political pathway to a two-state solution.

    MIL OSI Canada News –

    June 11, 2025
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