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Category: Banking

  • MIL-OSI Economics: Issue of ₹10 and ₹500 Denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor

    Source: Reserve Bank of India

    The Reserve Bank of India will shortly issue ₹10 and ₹500 denomination Banknotes in Mahatma Gandhi (New) Series bearing the signature of Shri Sanjay Malhotra, Governor. The design of these notes is similar in all respects to ₹10 and ₹500 banknotes in Mahatma Gandhi (New) Series. All banknotes in the denomination of ₹10 issued by the Reserve Bank in the past will continue to be legal tender. All banknotes in the denomination of ₹500 in Mahatma Gandhi (New) Series issued by the Reserve Bank in the past will also continue to be legal tender.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/36

    MIL OSI Economics –

    April 4, 2025
  • MIL-OSI Europe: 2025 One World Media awards: longlist unveiled

    Source: European Investment Bank

    Each year, the One World Media Awards celebrates the finest journalism and documentary filmmaking from across the Global South. For the 2025 Awards, 559 entries were received from over 100 countries.

    The judges have spent countless hours reviewing powerful and thought-provoking stories — ones that challenge stereotypes, reshape narratives, and build connections across borders. They showcase stories of people across the globe, from Afghanistan and Argentina to China, Fiji, India, Gaza, Myanmar, Nigeria, Sweden, Yemen — and so many more.

    With such a high calibre of work, narrowing down the selection in each category was tougher than ever.

    Discover the Longlist for the 13 categories, including the Women’s Solutions Reporting award, supported by the European Investment Bank:

    This award celebrates excellence in media coverage of stories featuring solutions by and for girls and women that tackle current challenges.

    The final three nominees will be announced on 7 May and the winners will be presented at the Awards Ceremony in June 2025.

    Stay tuned for more news!

    One World Media Awards

    MIL OSI Europe News –

    April 4, 2025
  • MIL-OSI Europe: Spain: EIB and Aragón regional government sign €234 million loan financing projects to back the green and digital transition, small businesses, innovation, jobs and rural development

    Source: European Investment Bank

    • The Aragón regional government will use this loan to co-finance investments under European regional development funds.
    • The investments will go to various projects to offer more public services, promote the dual green and digital transition, innovation, business competitiveness, employability and economic development in rural areas affected by depopulation.
    • The loan will make it possible to finance specific projects for the province of Teruel with a focus on the energy transition and environmental sustainability, entrepreneurship, social infrastructure and more.
    • The agreement will make a significant contribution to climate action and economic, social and territorial cohesion, two of the EIB Group’s strategic priorities.

    The European Investment Bank (EIB) has signed a €234 million loan with the government of the Spanish region of Aragón to co-finance investments promoting the dual green and digital transition, boosting the competitiveness of local industry, helping to provide better public services and supporting economic development in rural areas at risk of depopulation. This is the first tranche of a loan totalling €260 million approved by the EIB.

    The loan will co-finance diverse projects including transferring knowledge in advanced technologies to businesses in Aragón; the One Health Teruel health biotechnology project; the reuse of local waste and decontamination of land affected by lindane use; improved energy efficiency in public healthcare and educational buildings in Aragón; and local social employment and active inclusion initiatives.

    The finance contract falls under the EU regional development and cohesion funds operational programme for 2021-2027 and will channel financing from the European Regional Development Fund (ERDF), the European Social Fund Plus (ESF+) and the Just Transition Fund.

    The EU Just Transition Fund aims to support regions facing serious socioeconomic challenges in transitioning to climate neutrality. Here, its financing will focus on the province of Teruel, funding projects in green industrial transformation, sustainable mobility, the circular economy, energy efficiency, renewable energy (including self-consumption, energy storage and green hydrogen), support for small and medium-sized enterprises (SMEs) and entrepreneurs, research, development and innovation (RDI), digitalisation, environmental restoration and conservation, sustainable tourism and social infrastructure, among other things.

    This agreement highlights the commitment of the European Investment Bank Group (EIB Group) to climate action and economic, social and territorial cohesion, two of the eight core priorities outlined in the Group’s Strategic Roadmap for 2024-2027.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –

    April 4, 2025
  • MIL-OSI Europe: Sweden: EIB finances ground-breaking carbon capture plant in Stockholm

    Source: European Investment Bank

    • Project to capture CO2 volumes corresponding to more than the emissions of all of Stockholm’s road traffic in one year
    • This is EIB’s first carbon capture financing operation and part of climate strategy
    • Investment contributes to Sweden’s goal of net zero emissions by 2045

    The European Investment Bank (EIB) has granted a loan of €260 million to Stockholm Exergi for the construction of Sweden’s first large-scale bioenergy plant with carbon capture and storage (BECCS).

    Beccs Stockholm, which will begin construction at Värtaverket, is expected to be fully operational in 2028 and is projected to capture up to 800,000 tonnes of carbon dioxide per year. The captured carbon dioxide corresponds to more than the total emissions from Stockholm’s road traffic during a year. The technology is based on the separation, liquefaction and permanent storage of biogenic carbon dioxide from the combustion of biofuels – resulting in so-called negative emissions.

    After capture, the carbon dioxide will be temporarily stored and then shipped to Norway where it will be permanently stored in the bedrock under the North Sea. This is done in collaboration with the Northern Lights project, a joint venture between Equinor, Shell and TotalEnergies.

    This is the first CCS project to be financed by the EIB and an important contribution to achieving the world’s climate goals and establishing negative emissions as a new global industry. There is currently a consensus that global warming cannot be limited to 1.5 or below 2 degrees Celsius without negative emissions. The technology also contributes to improved air quality in urban environments and strengthens Europe’s leadership in the climate transition.

    “With this initiative, Sweden shows that it is possible to combine technological leadership with concrete climate benefits, said EIB vice-president Thomas Östros. “By supporting Beccs Stockholm, we are taking an important step to enable negative emissions in Europe and globally. It is an example of how the EIB’s climate mission is being implemented in practice.”

    Stockholm Exergi has also signed extensive agreements for future deliveries of negative emissions in the voluntary carbon market, including a record-breaking commitment from Microsoft – the largest single agreement of its kind to date globally.

    “We have a very constructive and trusting dialogue with the EIB, and I look forward to continuing our cooperation,” said Stockholm Exergi chief executive officer Anders Egelrud. “Their support enables the construction of one of the world’s largest facilities for the capture and permanent storage of biogenic carbon dioxide. Together, we are laying the foundation for a new, green and competitive Nordic industry – an industry that will play a crucial role in achieving the long-term climate goals.”

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    Bio-CCS och Beccs Stockholm

    Bio-CCS is a technology that captures biogenic carbon dioxide before it reaches the atmosphere and is then permanently stored in the bedrock, which creates negative emissions because the carbon dioxide is separated from the biogenic cycle. Permanent negative emissions are the tool that can be used to counteract emissions that are not possible or will be very difficult to avoid. It is a necessary piece of the puzzle to achieve the climate goals and net-zero emissions. 

    Stockholm Exergi’s facility, Beccs Stockholm, will be built in the Energy Port in Värtan.  Värtaverket already produces sustainable heat and electricity from residual products from the forestry and sawmill industry, such as wood chips, branches and tops. By now adding capture and storage of the biogenic carbon dioxide, we create even more climate benefits.

    Beccs Stockholm is made possible through a combination of support from the EU Innovation Fund, state aid and private purchases of certificates for negative emissions from companies with high climate ambitions.

    Stockholm Exergi

    Stockholm Exergi is the energy company of Stockholmers and with resource-efficient solutions, we secure the growing Stockholm region’s access to heating, electricity, cooling and waste services. We heat over 800,000 Stockholmers and our 300-mile long district heating network is the hub for the societal benefits that we create together with our customers and partners. Through Beccs Stockholm, we are pushing for negative emissions to become a reality. We are owned by the City of Stockholm and Ankhiale, a consortium of leading European pension funds (APG, PGGM, Alecta, Keva and AXA IM Alts), and have over 800 employees who work every day to reduce Stockholmers’ climate impact.

    MIL OSI Europe News –

    April 4, 2025
  • MIL-OSI Europe: Households and non-financial corporations in the euro area: fourth quarter of 2024

    Source: European Central Bank

    4 April 2025

    • Households’ financial investment increased at broadly unchanged annual rate of 2.4% in fourth quarter of 2024
    • Non-financial corporations’ financing increased at annual rate of 0.9%, compared with 1.1% in previous quarter
    • Non-financial corporations’ gross operating surplus decreased at unchanged annual rate of ‑1.4%

    Chart 1

    Household financing and financial and non-financial investment

    (annual growth rates)

    Sources: ECB and Eurostat.

    Data for household financing and financial and non-financial investment

    Chart 2

    NFC gross-operating surplus, non-financial investment and financing

    (annual growth rates)

    Source: ECB and Eurostat.

    Data for NFC gross-operating surplus, non-financial investment and financing

    Households

    Household gross disposable income increased in the fourth quarter of 2024 at a broadly unchanged rate of 4.4%. The compensation of employees grew at a lower rate of 4.9% (after 5.5% in the previous quarter), and gross operating surplus and mixed income of the self-employed increased at a lower rate of 2.9% (after 3.6%). Household consumption expenditure increased at a higher rate of 3.6% (after 3.2%).

    The household gross saving rate increased to 15.4% in the fourth quarter of 2024, compared with 15.2% in the previous quarter.

    Household gross non-financial investment (which refers mainly to housing) decreased at a more negative annual rate (-1.5%) in the fourth quarter of 2024 (after -0.9%). Loans to households, the main component of household financing, grew at a higher rate of 1.2% (after 0.9%).

    Household financial investment increased at a broadly unchanged annual rate of 2.4% in the fourth quarter of 2024. Currency and deposits grew at a higher rate of 2.8% (after 2.5%), while investment in debt securities increased at a lower rate of 9.0% (after 15.9%). Investment in shares and other equity grew at a higher rate of 2.0% (after 1.1%) due to accelerating investments in investment fund shares (7.7% after 5.4%). Investment in life insurance grew at a higher rate of 1.1% (after 0.8%) and in pension schemes at a lower rate of 2.1% (after 2.3%).

    Household net worth increased at an annual rate of 4.4% in the fourth quarter of 2024, after 5.7% in the previous quarter. Net financial and non-financial assets grew due to valuation gains in addition to investments. Housing wealth, the main component of non-financial assets grew at a higher rate of 3.4% (after 2.8%). The household debt-to-income ratio decreased, to 81.9% in the fourth quarter of 2024 from 85.0% in the fourth quarter of 2023.

    Non-financial corporations

    Net value added by NFCs increased at a broadly unchanged annual rate of 2.5% in the fourth quarter of 2024. Gross operating surplus decreased at an unchanged rate of -1.4%, while net property income – defined in this context as property income receivable minus interest and rent payable – increased. As a result gross entrepreneurial income (broadly equivalent to cash flow) increased at a rate of 0.8% (after -1.4%).[1]

    NFCs’ gross non-financial investment increased at lower annual rate of 1.0% in the fourth quarter of 2024 (after 2.8%)[2]. Financial investment grew at lower annual rate of 1.8% (after 2.2%). Among its components, loans granted increased at a lower rate of 2.5% (after 3.3%), and investment in shares and other equity grew at a lower rate of 1.0% (after 1.3%).

    Financing of NFCs increased at a lower rate of 0.9% in the fourth quarter of 2024 (after 1.1%). Loan financing (1.2% after 1.4%)[3] and financing via shares and other equity (0.4% after 0.6%) grew at lower rates. Financing via debt securities increased at a broadly unchanged rate of 2.4%, while financing via trade credits accelerated (3.5% after 3.1%).

    The NFC debt-to-GDP ratio (consolidated measure) decreased to 67.3% in the fourth quarter of 2024, from 68.8% in the same quarter of the previous year; the non-consolidated, wider debt measure decreased to 138.7% from 140.7%.

    For queries, please use the Statistical Information Request form.

    Notes

    • This statistical release incorporates revisions to the data since the first quarter of 2021.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • The euro area and national financial accounts data of non-financial corporations and households are available in an interactive dashboard.
    • Hyperlinks in the main body of the statistical release are dynamic. The data they lead to may therefore change with subsequent data releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
    • The ECB publishes experimental Distributional Wealth Accounts (DWA), which provide additional breakdowns for the household sector. The release of results for 2024 Q4 is planned for 30 May 2025 (tentative date).

    MIL OSI Europe News –

    April 4, 2025
  • MIL-OSI Europe: Euro area quarterly balance of payments and international investment position: fourth quarter of 2024

    Source: European Central Bank

    4 April 2025

    • Current account surplus at €426 billion (2.8% of euro area GDP) in 2024, after a €243 billion surplus (1.7% of GDP) a year earlier.
    • Geographical counterparts: largest bilateral current account surpluses vis-à-vis United Kingdom (€197 billion) and Switzerland (€76 billion) and largest deficit vis-à-vis China (€105 billion).
    • International investment position showed net assets of €1.66 trillion (10.9% of euro area GDP) at end of 2024.
    • Bilateral current account vis-à-vis the United States: surplus of €3 billion (0.0% of euro area GDP) in 2024, following a deficit of €30 billion (0.2% of GDP) in 2023. For more details see dedicated section on economic and financial linkages between the euro area and the United States.

    Current account

    The current account of the euro area recorded a surplus of €426 billion (2.8% of euro area GDP) in 2024, following a €243 billion surplus (1.7% of GDP) a year earlier (Table 1). This development was driven by larger surpluses for goods (from €264 billion to €372 billion), services (from €127 billion to €169 billion) and primary income (from €20 billion to €54 billion). The deficit for secondary income increased moderately from €167 billion to €168 billion.

    The estimates on goods trade broken down by product group show that in 2024 the increase in the goods surplus was mainly due to a reduction in the deficit for energy products (from €314 billion to €260 billion). In addition, the surpluses for chemical products and machinery and manufactured products increased (from €244 billion to €268 billion and from 283 billion to €300 billion, respectively).

    The larger surplus for services in 2024 was mainly due to widening surpluses for telecommunication, computer and information (from €169 billion to €203 billion) and travel (from €52 billion to €61 billion), and a lower deficit for other business services (from €60 billion to €28 billion). These developments were partly offset by a widening deficit for charges for the use of intellectual property (from €100 billion to €126 billion).

    In 2024, the increase in the primary income surplus was mainly due to larger surpluses in direct investment (from €72 billion to €104 billion), portfolio debt (from €59 billion to €79 billion), and other primary income (from €3 billion to €15 billion), which were partly offset by a larger deficit in portfolio equity (from €163 billion to €194 billion).

    Table 1

    Current account of the euro area

    (EUR billions, unless otherwise indicated; transactions during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Goods by product group is an estimated breakdown using a method based on statistics on international trade in goods. Discrepancies between totals and their components may arise from rounding.

    Data for the current account of the euro area

    Data on the geographical counterparts of the euro area current account (Chart 1) show that in 2024, the euro area recorded its largest bilateral surpluses vis-à-vis the United Kingdom (€197 billion, down from €220 billion a year earlier) and Switzerland (€76 billion, up from €65 billion). The euro area also recorded surpluses vis-à-vis other emerging countries (€155 billion, up from €135 billion a year earlier) and other advanced countries (€114 billion, up from €80 billion). The largest bilateral deficit was recorded vis-à-vis China (€105 billion, down from €109 billion a year earlier) and a deficit was also recorded vis-à-vis the residual group of other countries (€96 billion, down from €142 billion).

    The most significant changes in the geographical components of the current account in 2024 relative to 2023 were as follows: the goods surpluses increased vis-à-vis the United States (from €179 billion to €213 billion) and vis-à-vis other advanced countries (from €27 billion to €50 billion), while the goods deficit vis-à-vis China increased from €131 billion to €141 billion. In services, the deficit vis-à-vis the United States increased (from €124 billion to €156 billion), while the balance vis-à-vis offshore centres shifted from a deficit (€8 billion) to a surplus (€16 billion). In primary income, the balance vis-à-vis the United Kingdom shifted from a surplus (€31 billion) to a deficit (€4 billion) while a smaller deficit was recorded vis-à-vis the United States (from €84 billion to €52 billion). The deficit in secondary income vis-à-vis the EU Member States and EU institutions outside the euro area decreased slightly (from €76 billion to €73 billion).

    Chart 1

    Geographical breakdown of the euro area current account balance

    (four-quarter moving sums in EUR billions; non-seasonally adjusted)

    Source: ECB.
    Note: “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. “Other advanced” includes Australia, Canada, Japan, Norway and South Korea. “Other emerging” includes Argentina, Brazil, India, Indonesia, Mexico, Saudi Arabia, South Africa and Türkiye. “Other countries” includes all countries and country groups not shown in the chart, as well as unallocated transactions.

    Data for the geographical breakdown of the euro area current account

    International investment position

    At the end of 2024, the international investment position of the euro area recorded net assets of €1.66 trillion vis-à-vis the rest of the world (10.9 % of euro area GDP), up from €1.25 trillion in the previous quarter (Chart 2 and Table 2).

    Chart 2

    Net international investment position of the euro area

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    Data for the net international investment position of the euro area

    The €407 billion increase in net assets was mainly driven by larger net assets in portfolio debt (up from €1.27 trillion to €1.42 trillion), direct investment (up from €2.54 trillion to €2.66 trillion) and reserve assets (up from €1.32 trillion to €1.39 trillion).

    Table 2

    International investment position of the euro area

    (EUR billions, unless otherwise indicated; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. Net financial derivatives are reported under assets. “Other volume changes” mainly reflect reclassifications and data enhancements. Discrepancies between totals and their components may arise from rounding.

    Data for the international investment position of the euro area

    The developments in the euro area’s net international investment position in the fourth quarter of 2024 were driven mainly by positive exchange rate changes, and to a lesser extent by positive transactions and other volume changes (Table 2 and Chart 3).

    At the end of the fourth quarter of 2024, direct investment assets of special purpose entities (SPEs) amounted to €3.58 trillion (28% of total euro area direct investment assets), up from €3.53 trillion at the end of the previous quarter (Table 2). Over the same period, direct investment liabilities of SPEs increased from €3.10 trillion to €3.13 trillion (31% of total direct investment liabilities).

    At the end of the fourth quarter of 2024 the gross external debt of the euro area amounted to €16.70 trillion (110% of euro area GDP), up by €1 billion compared with the previous quarter.

    Chart 3

    Changes in the net international investment position of the euro area

    (EUR billions; flows during the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Note: “Other volume changes” mainly reflect reclassifications and data enhancements. 

    Data for changes in the net international investment position of the euro area

    At the end of 2024 euro area direct investment assets were €12.62 trillion, 23% of which was invested in the United States and 19% in the United Kingdom (see Table 3). Euro area direct investment liabilities were €9.96 trillion, with 28% being investments from the United States, 19% from offshore centres and 18% from the United Kingdom.

    In portfolio investment, euro area holdings of foreign securities amounted to €7.57 trillion in equity and €7.09 trillion in debt securities at the end of 2024. The largest holdings of equity were in securities issued by residents of the United States (accounting for 60%). In debt securities, the largest euro area holdings were in securities issued by residents of the United States (accounting for 38%), the United Kingdom (17%) and the EU Member States and EU institutions outside the euro area (16%).

    On the portfolio investment liabilities side, non-residents’ holdings of securities issued by euro area residents stood at €10.84 trillion in equity and at €5.67 trillion in debt at the end of 2024. The largest holder countries of euro area equity were the United States (27%) and the United Kingdom (13%), while for euro area debt securities the largest holders were the BRIC group of countries (14%), the United States (13%) and Japan (11%).

    In other investment, euro area residents’ claims on non-residents amounted to €7.18 trillion, 29% of which was vis-à-vis the United Kingdom and 24% vis-à-vis the United States. Euro area other investment liabilities amounted to €7.71 trillion, with the United Kingdom accounting for 25% and the United States for 19%.

    Table 3

    International investment position of the euro area – geographical breakdown

    (as a percentage of the total, unless otherwise indicated; at the end of the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “Equity” comprises equity and investment fund shares. “EU non-EA” comprises the non-euro area EU Member States and those EU institutions and bodies that are considered for statistical purposes as being outside the euro area, such as the European Commission and the European Investment Bank. The “BRIC” countries are Brazil, Russia, India and China. “Other advanced” includes Australia, Canada, Norway and South Korea. “Other emerging” includes Argentina, Indonesia, Mexico, Saudi Arabia, South Africa and Türkiye. “Other countries” includes all countries and country groups not listed in the table as well as unallocated positions.

    Data for the international investment position of the euro area – geographical breakdown

    Economic and financial linkages between the euro area and the United States

    This statistical release provides a longer-term perspective on the euro area’s bilateral current account balance and international investment position vis-à-vis the United States by presenting developments over the past decade.

    In 2024 the euro area recorded a current account surplus of €3 billion (0.0% of euro area GDP) vis-à-vis the United States, following a deficit of €30 billion (0.2% of GDP) in 2023 (see Chart 4). The euro area had recorded a rather stable current account surplus vis-à-vis the United States of around 1.0% of GDP between 2015 and 2019, which gradually declined subsequently and turned into a deficit in 2022. Since 2015 the euro area has run a persistent and sizeable goods surplus vis-à-vis the United States, rising from €127 billion in 2015 to €213 billion in 2024. The marked decline in the euro area current account surplus vis-à-vis the United States over the past decade was mainly due to a pronounced widening in the deficit for services (from €21 billion in 2015 to €156 billion in 2024), driven by an increasing deficit in charges for the use of intellectual property (from €5 billion to €168 billion). In addition, the euro area’s primary income balance vis-à-vis the United States changed from a surplus of €2 billion in 2015 to a deficit of €52 billion in 2024, largely due to a widening deficit in direct investment income. The developments in the euro area’s bilateral current account balance vis-à-vis the United States, in particular the significant changes observed since 2019, are partly connected to the activities of US multinational enterprises in the euro area.

    Chart 4

    Euro area current account balance vis-à-vis the United States

    (left-hand scale: four-quarter moving sums in EUR billions; right-hand scale: four-quarter moving sums as a percentage of GDP; non-seasonally adjusted)

    Source: ECB.

    Data for the current account of the euro area vis-a-vis the United States

    At the end of 2024, the euro area’s bilateral investment position vis-à-vis the United States showed net assets equivalent to 26% of euro area GDP, up from 18% of GDP at the end of 2023 and 4% of GDP at the end of 2015 (Chart 5). Net asset positions in portfolio investment debt (13% of GDP) and portfolio investment equity (11% of GDP) contributed most to the euro area’s bilateral net asset position at the end of 2024. The increase in the euro area bilateral net asset position since 2015 was driven mainly by a shift in portfolio investment equity from a net debtor to a net creditor position, as euro area portfolio investment equity assets vis-à-vis the United States rose more strongly than the corresponding liabilities. Developments in portfolio investment debt and direct investment also contributed, albeit to a lesser extent, to the increase in total net assets vis-à-vis the United States.

    Chart 5

    vis-à-vis the United States

    Euro area net investment position

    (net amounts outstanding at the end of the period as a percentage of four-quarter moving sums of GDP)

    Source: ECB.

    Notes: “Total net position” refers to the sum of net direct investment, net portfolio investment, net other investment and net financial derivatives. Reserve assets are not included in the total. Net positions are computed as the asset positions minus the liability positions of the respective item. Discrepancies between totals and their components may arise from rounding.

    The United States is the largest destination country for euro area cross-border financial investment. Euro area financial assets vis-à-vis the United States amounted to €12.38 trillion at the end of 2024 (82% of euro area GDP), with an 83% increase since the end of 2015 (see Table 4). This development increased the share of the United States in euro area external assets from 27% to 33%. The increase was mainly due to euro area holdings of portfolio investment equity issued by residents of the United States, which have risen by 286% since the end of 2015, mainly as a result of positive price revaluations. At the same time, euro area holdings of portfolio investment debt securities have increased by 91% since the end of 2015.

    The United States is also the largest source country for euro area cross-border financial investment, accounting for bilateral financial liabilities of €8.41 trillion (56% of euro area GDP) at the end of 2024, a 32% increase since the end of 2015. Over the same period, the share of the United States in euro area external liabilities remained broadly stable at 22%. This development mainly reflected an increase of 97% in portfolio investment equity liabilities vis-à-vis the United States, while direct investment liabilities vis-à-vis the United States declined by 9%.

    Table 4

    Euro area international investment position vis-à-vis the United States

    (at the end of the period; non-working day and non-seasonally adjusted)

    Source: ECB.
    Notes: “p.p.” refers to percentage points. “Equity” comprises equity and investment fund shares. “Total assets/liabilities” refers to the sum of direct investment, portfolio investment, other investment and financial derivatives. Reserve assets are not included in the total. Around 17% of the Eurosystem’s total reserve assets of €1.3 trillion are held in the form of securities, of which an undisclosed part is invested in securities issued in the United States. Financial derivatives are reported separately in gross terms under assets and liabilities. Discrepancies between totals and their components may arise from rounding.

    Data for the international investment position of the euro area – vis-à-vis the US

    Data revisions

    This statistical release incorporates revisions to the data for the reference periods between the first quarter of 2021 and the third quarter of 2024. The revisions reflect revised national contributions to the euro area aggregates because of the incorporation of newly available information.

    MIL OSI Europe News –

    April 4, 2025
  • MIL-OSI Economics: Samsung Launches Galaxy Tab S10FE Series in India, Starting at INR 42999

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today announced the launch of Galaxy Tab S10 FE and Galaxy Tab S10 FE+, offering new entry points to the Galaxy ecosystem on a premium tablet design. Equipped with the largest screen yet on the Galaxy Tab S10 FE series and slimmer bezels that expand its display, the Galaxy Tab S10 FE+ provides a fun, immersive viewing experience for everything from entertainment to studying and day-to-day tasks. Samsung’s intelligent features empower users to get more done with ease, while a slimmer design helps users to achieve their creativity and productivity on the go.
     
    “At Samsung, we are committed to bringing world-class innovation to everyone, and the launch of the new Galaxy Tab S10FE series is a testament to that vision. With Galaxy AI capabilities making their debut on our FE tablets, we are making cutting-edge technology more accessible than ever. The Galaxy S10 FE series will empower Galaxy users to maximize their creativity and productivity, and help us consolidate our market leadership in India’s tablet segment,” said Aditya Babbar, Vice President, MX Business, Samsung India.
     
    Stunning Display
    Combining the Galaxy Tab S series’ heritage design with slim bezels, the Galaxy Tab S10 FE+’s 13.1-inch display offers immersive entertainment on a screen that’s almost 12% larger than its predecessor. Smooth visuals enabled by a 90Hz refresh rate and new levels of visibility that goes up to 800 nits in High Brightness Mode (HBM) ensure an optimal viewing experience when watching videos and gaming on the Galaxy Tab S10 FE series. The Vision Booster’s automatic adjustments enhance brightness and visibility even in ever-changing outdoor environments while blue-light emissions are safely reduced to minimize eye strain, meeting every unique viewing need.
     
    Robust Performance and Versatile Design
    The Galaxy Tab S10 FE series boosts productivity when working or studying, and delivers fast, smooth gameplay without interruption. The performance upgrades enable the Galaxy Tab S10 FE series users to switch effortlessly between multiple apps, allowing for improved multitasking. And when capturing everyday moments in the classroom or in workspaces, a newly upgraded 13MP rear camera produces clear and vivid photos.
     
    These versatile experiences, from powerful work to seamless play, accompany users everywhere they go. Now more than 4% lighter than its predecessor, Galaxy Tab S10 FE is even easier to carry around. The Galaxy S10 Tab FE series offers hassle-free storage and mobility at home, on campus, in the workplace and elsewhere with its slim design. Engineered for resilience and durability to withstand the elements, the FE series comes with IP68 rating.
     
    Advances Features
    Building on Samsung’s legacy of delivering premium experiences across the Galaxy ecosystem, the Galaxy Tab S10 FE+ and Galaxy Tab S10 FE are the first models in the FE series to come equipped with cutting-edge AI capabilities right out of the box, fueling user productivity.
     
    Fan-favourite Circle to Search with Google allows you to search what you see on your tablet without switching apps. Quickly get the info you need, translate text on screen or get homework help with step-by-step explanations – all on one large screen.
    Samsung Notes features like Solve Math for quick calculations of handwriting and text, and Handwriting Help to tidy up notes easily, make notetaking easier than ever so users can stay focused in the moment.
    AI assistants are instantly launched with a single tap of the Galaxy AI Key on the Book Cover Keyboard. Plus, AI assistants can be customized based on users’ preferences for a more personalized experience.
    An upgraded Object Eraser lets users effortlessly remove unwanted objects from photos, with automatic suggestions for quick and easy edits.
    Newly introduced Best Face ensures perfect group photos by selecting and combining the best expressions and features.
    Auto Trim brings cherished moments to life by sifting through multiple videos to seamlessly compile highlight reels.
    The Galaxy Tab S10 FE series also serves as the perfect canvas for creativity with pre-loaded apps and tools including LumaFusion, Goodnotes, Clip Studio Paint and more, alongside other spotlight apps like Noteshelf 3, Sketchbook and Picsart.
     
    For an even more intuitive AI experience, the FE series seamlessly integrates with other Samsung Galaxy devices. Similar to the Galaxy Tab S10 series, users can access a comprehensive overview of their home status with the Home Insight widget dashboard and 3D Map View feature. Summarized status updates of SmartThings-enabled devices give users peace of mind when out and about.
     
    Knox Security
    As with any Galaxy device, the Galaxy Tab S10 FE series is fortified by Samsung Knox, Samsung’s defense-grade, multi-layer security platform built to safeguard critical information and protect against vulnerabilities with end-to-end hardware, real-time threat detection and collaborative protection.
     
    Price and Offers
    Product
    Variant
    Price
    Bundle Offers
    Other Offers
     
     
     
     
     
     
     
     
    Galaxy Tab S10FE
     
     
     
     
     
     
     
     
     
    WiFi (8GB+128GB)
     
     
     
     
     
     
     
     
     
     
    INR 42999
     
     
     
     
    ·         Galaxy Tab S10 FE: Keyboard Cover worth INR 15999 at just INR 7999
     
    OR
     
    ·         Galaxy Buds3 worth INR 14999 at Just INR 6999
     
     
     
     
     
     
     
     
    ·         Galaxy Tab S10FE +: Keyboard Cover worth INR 18999 at just INR 10999
    OR
     
    ·         Galaxy Buds3 worth INR 14999 at Just INR 6999
     
     
     
     
     
     
    ·         Bank cashback of INR 4000 on the purchase of Galaxy Tab S10FE
     
     
     
     
    WiFi (12GB+256GB)
    INR 53999
     
    LTE (8GB+128GB)
    INR 50999
     
    LTE (12GB+256GB)
    INR 70999
     
     
     
     
    Galaxy Tab S10 FE +
    WiFi (8GB+128GB)
    INR 64999
     
    WiFi (12GB+256GB)
    INR 75999
    ·         Bank cashback of INR 3000 on the purchase of Galaxy Tab S10 FE+
     
    ·         Upto INR 3000 upgrade bonus on the purchase of Galaxy Tab S10FE or Galaxy Tab S10FE +
     
    ·              Up to 12 months No Cost EMI
     
    LTE (8GB+128GB)
    INR 75999
     
    LTE (12GB+256GB)
    INR 86999
     
     

    MIL OSI Economics –

    April 4, 2025
  • MIL-OSI: Subsea7 awarded contract in the US

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 4 April 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today the award of a sizeable1 contract by Shell Offshore Inc. for the Sparta deepwater development in the US.

    The project involves the transportation and installation of a floating production system (FPS) at Garden Banks block 959, which is located off the southeastern coast of Louisiana at water depths of up to 1,635 metres. 

    Project management and engineering activities will begin immediately at Subsea7’s office in Houston, Texas, with offshore operations expected to start in 2027.

    Craig Broussard, Senior Vice President for Subsea7 Gulf of Mexico, said, “We are proud to continue our collaboration with Shell in the US, building on past projects, including the recent Vito development. We look forward to playing a key role in the successful delivery of the Sparta project.” 

    1. Subsea7 defines a sizeable contract as being between $50 million and $150 million.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Ashley Shearer
    Communications Manager
    Tel +1 713 300 6792
    ashley.shearer@subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 4 April 2025 at 08:00 CET.

    Attachment

    • SUBC Sparta

    The MIL Network –

    April 4, 2025
  • MIL-OSI: Indosuez Wealth Management plans to acquire Banque Thaler

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Geneva / Paris / Brussels, 4 April 2025

    Indosuez Wealth Management plans to acquire Banque Thaler

    Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, has announced that its entity in Switzerland has signed an agreement to purchase the entire capital of Banque Thaler, a Swiss banking institution recognised for the excellence of its services and its long-term expertise in wealth management.

    This acquisition is fully in line with Indosuez Wealth Management’s development strategy, strengthening its position in the Swiss market, the global hub for wealth management, where Indosuez has been present since 1876. Banque Thaler, founded in 1982, is renowned for the excellence of its services and its long-term expertise in wealth management.

    With this acquisition, Banque Thaler and Indosuez clients will have access to a broader range of products and expertise. In particular, Banque Thaler’s clients will be able to benefit from the Group’s solidity, its international network and its multiple capabilities in financing, corporate finance, fund servicing and asset management.

    For Jacques Prost, Chief Executive Officer of Indosuez Wealth Management: “This acquisition strengthens our position in Switzerland and illustrates our determination to provide our clients with solutions that are increasingly tailored to their needs. Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is now a major stakeholder in wealth management in Europe.” Marc-André Poirier, Chief Executive Officer of Indosuez in Switzerland, adds: “We are delighted to welcome Banque Thaler. Following record revenue in 2024, this acquisition will bring our assets under management to nearly €50 billion1. We will work with Banque Thaler’s teams to make this acquisition a success for both clients and employees.”

    Dirk Eelbode, Chief Executive Officer of Banque Thaler: “Indosuez Wealth Management in Switzerland is the ideal partner for Banque Thaler. What our management can offer will not only be maintained but enhanced thanks to the substantial resources made available by a major banking group with exceptional financial strength. This can only benefit our clients. At Indosuez we also find the entrepreneurial spirit that characterises Banque Thaler, and this is a great opportunity for all our employees to join an ambitious growth project. These are all positives that will contribute to our continued goal of being the leading player in Switzerland for our clients.”

    The finalisation of the transaction remains subject to the prior approval of the relevant supervisory authorities, and is expected to be completed in the second half of 2025. This acquisition would bring Indosuez Wealth Management’s total assets under management to nearly €220 billion.
    The impact on Crédit Agricole S.A.’s CET1 ratio would be limited.

    ****

    Indosuez Wealth Management contacts

    Indosuez Wealth Management: Jenny Sensiau I jenny.sensiau@ca-indosuez.com I +33 7 86 22 15 24 
    Indosuez Wealth Management: Melinda Raverdy | melinda.raverdy@ca-indosuez.ch | +41 79 258 7829

    About Indosuez Wealth Management

    Indosuez Wealth Management is the global wealth management brand of the Crédit Agricole Group, the world’s 9th largest bank by balance sheet (The Banker 2024).

    For over 150 years, Indosuez Wealth Management has been helping major private clients, families, entrepreneurs and professional investors to manage their private and professional assets. The bank offers a customised approach enabling each of its clients to preserve and develop their wealth in line with their aspirations. Its teams offer a continuum of services and products including Advisory & Financing, Investment Solutions, Fund Servicing & Technology and Banking Solutions.

    Indosuez Wealth Management employs more than 4,500 people in 16 territories around the world: in Europe (Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (Dubai, Abu Dhabi) and Canada (representative office).

    With €215 billion in client assets at the end of December 2024, Indosuez Wealth Management is one of Europe’s leading wealth management companies.

    Find out more at https://ca-indosuez.com/.

    About Indosuez in Switzerland

    Indosuez Wealth Management is one of Switzerland’s leading financial institutions, and is now one of the country’s top three foreign banks.
    The bank in Switzerland handles wealth management, transactional commodity financing and commercial banking. Its roots date back to 1876, when it was established in Geneva. Its teams include more than 800 specialists based in Geneva, Lugano and Zurich, as well as in Asia (Hong Kong and Singapore) and in the Middle East (Abu Dhabi and Dubai). They combine their knowledge of the local environment with the extensive expertise and scope for action of the global network of Indosuez, Crédit Agricole CIB and the Crédit Agricole Group.

    The Swiss platform is in charge of developing Indosuez Wealth Management’s activities in Switzerland, the Middle East and Asia.

    Find out more at www.ca-indosuez.com and at https://switzerland.ca-indosuez.com/

    About Banque Thaler
    Banque Thaler is a Swiss wealth management bank that became independent in 1999 and is mainly owned by its directors. Throughout its existence, it has stood out for its focus on a targeted client base and on its discretionary management services. Serving families and entrepreneurs, its management is based on dynamic asset allocation by integrating solid expertise in selecting alternative funds and private equity. The bank has offices in Geneva and Zurich.

    https://banquethaler.ch/


    1 For CA Indosuez (Switzerland) SA – Pro forma to date

    Attachment

    • EN 04 04 2025 Indosuez Wealth Management plans to acquire Banque Thaler

    The MIL Network –

    April 4, 2025
  • MIL-OSI Banking: Result of the Daily Variable Rate Repo (VRR) auction held on April 04, 2025

    Source: Reserve Bank of India

    Tenor 3-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 12,419
    Amount allotted (in ₹ crore) 12,419
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.26
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/33

    MIL OSI Global Banks –

    April 4, 2025
  • MIL-OSI Banking: African Development Bank and Lake Chad Basin Commission Sign $10 Million Grant Agreement to Revitalize Lake Chad

    Source: African Development Bank Group
    The African Development Bank Group and the Lake Chad Basin Commission (CBLT) have signed a $10.2 million grant agreement to implement the Technical Support Project for the Restoration of the Ecological and Economic Functions of the Lake Chad Basin (PARFEBALT).

    MIL OSI Global Banks –

    April 4, 2025
  • MIL-OSI Banking: The African Development Bank Joins Côte d’Ivoire’s International Women’s Day Celebrations

    Source: African Development Bank Group
    During the month of March, the African Development Bank’s Gender and Women Empowerment Division demonstrated the institution’s commitment to gender equality and women empowerment by joining several activities organized by the Government of Côte d’Ivoire to mark International Women’s Day and Month.

    MIL OSI Global Banks –

    April 4, 2025
  • MIL-OSI Economics: Result of Underwriting Auction conducted on April 04, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on April 04, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (paise per ₹100)
    6.64% GS 2027 6,000 3,003 2,997 6,000 0.04
    6.79% GS 2034 30,000 15,015 14,985 30,000 0.08
    Auction for the sale of securities will be held on April 04, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/32

    MIL OSI Economics –

    April 4, 2025
  • MIL-OSI Economics: Money Market Operations as on April 03, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,85,663.18 5.67 0.01-6.90
         I. Call Money 16,939.32 5.99 5.00-6.10
         II. Triparty Repo 3,88,306.40 5.61 5.02-6.00
         III. Market Repo 1,78,887.56 5.76 0.01-6.90
         IV. Repo in Corporate Bond 1,529.90 6.04 6.00-6.10
    B. Term Segment      
         I. Notice Money** 197.00 5.79 5.75-6.05
         II. Term Money@@ 617.00 – 6.10-6.30
         III. Triparty Repo 3,917.95 5.77 5.50-6.10
         IV. Market Repo 2,557.85 6.27 6.20-6.30
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Thu, 03/04/2025 1 Fri, 04/04/2025 6,012.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 03/04/2025 1 Fri, 04/04/2025 1,494.00 6.50
    4. SDFΔ# Thu, 03/04/2025 1 Fri, 04/04/2025 4,13,054.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -4,05,548.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       6,465.93  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     1,89,429.93  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,16,118.07  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on April 03, 2025 8,85,497.50  
         (ii) Average daily cash reserve requirement for the fortnight ending April 04, 2025 9,28,983.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ April 03, 2025 6,012.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on March 07, 2025 54,323.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/31

    MIL OSI Economics –

    April 4, 2025
  • MIL-OSI New Zealand: Climate – March was dry for most; warm for the South Island – NIWA’s Monthly Climate Summary March 2025

    Source: NIWA

    March was dry for most parts of New Zealand, and warm for the South Island, according to the Monthly Climate Summary issued by the National Institute of Water and Atmospheric Research (NIWA).
    Below normal rainfall or well below normal rainfall was observed across much of the North Island, and northern, western and inland parts of the South Island. Above normal rainfall or well above normal rainfall was observed in Gisborne, northern Hawke’s Bay, and the eastern South Island. The highest 1-day rainfall was 186 mm, recorded at Milford Sound on 17 March.
    Over March 2025, temperatures were above average or well above average for most of the South Island, as well as parts of Wellington, Taranaki, northern Hawke’s Bay, Bay of Plenty, and Northland. Temperatures were typically near average for the remainder of the country. The highest temperature was 33.6°C, observed at Timaru on 17 March.
    At the end of March, soil moisture levels were well below normal for most of the North Island, and northwestern parts of the South Island. Soil moisture levels were above normal about Banks Peninsula, Selwyn District, and southern and northern parts of Hawke’s Bay. Elsewhere, soil moisture levels were mostly near normal.
    Of the six main centres in March 2025, Auckland and Tauranga were the equal-warmest, Tauranga was the driest and sunniest, Christchurch was the wettest, and Dunedin was the coolest and least sunny. The sunniest three locations so far in 2025 are Taranaki, Bay of Plenty and Auckland. 

    MIL OSI New Zealand News –

    April 4, 2025
  • MIL-OSI USA: Kaine Statement on Effort to Block Select Weapons Transfers to Israel

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA), a member of the Senate Armed Services and Foreign Relations Committees, released the following statement regarding resolutions that will come to the Senate floor for a vote to block two out of over 100 separate weapons transfers to Israel by the Biden and Trump Administrations since October 7, 2023:

    “For over a year, I have called for the U.S. to support the protection of the Israeli people through the robust provision of defensive weapons, such as those that regularly defeat drone and missile attacks from Iran and Hamas. But I continue to urge a pause in the transfer of offensive weapons because of the harm they are likely to cause to innocent Palestinian civilians and my serious concerns that they will generate further instability across the region that will put U.S. servicemembers at risk. It’s clear that a durable ceasefire between Israel and Hamas, resulting in the return of all hostages to their families and a surge of humanitarian assistance into Gaza, is the only path to stability in the region—as evidenced by the fact that the Houthis stopped attacking container ships in the Red Sea during the most recent ceasefire, only to start back up after the agreement collapsed. Our focus must remain on encouraging a long-term peace, not packing a tinder box, and therefore, consistent with my long-standing view, I will oppose the transfer of these offensive weapons.”

    Kaine has repeatedly reiterated his support for Israel’s right to defend itself against Hamas following Hamas’ horrific October 7 terrorist attacks, and helped gain Senate support for the national security supplemental funding package that passed in April 2024 and included over $14 billion in security assistance funding for Israel. He has also been a leading voice in Congress regarding the need to address the humanitarian crisis in Gaza. He’s taken a series of steps to prioritize the release of hostages taken by Hamas, protect civilians in Gaza and the West Bank, and counter threats to Israel from Hamas and Iran.

    Consistent with Kaine’s years-long efforts to ensure that Congress plays an assertive and deliberate role in matters of war and peace, Kaine raised concerns over the Biden Administration’s decision in December 2023 to transfer weapons to Israel without congressional oversight. In February 2024, following reports of a pending major weapons transfer from the U.S. to Israel, Kaine urged the Biden Administration to ensure that the transfer is comprised primarily of defensive weapons critical to the security of the Israeli people, such as restocking the Iron Dome and David’s Sling air defense systems. In September 2024, Kaine opposed the transfer of three offensive weapons systems to Israel.

    MIL OSI USA News –

    April 4, 2025
  • MIL-OSI: Texas Capital Bancshares, Inc. Announces Date for Q1 2025 Operating Results

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 03, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced that it expects to issue financial results for the first quarter of 2025 before market on Thursday, April 17, 2025. Executive management will host a conference call and webcast to discuss first quarter 2025 operating results on Thursday, April 17, 2025, at 9:00 a.m. EDT.

    Participants may pre-register for the call by visiting https://www.netroadshow.com/events/login?show=c5d392d2&confId=80603 and will receive a unique PIN number to be used when dialing in for the call for immediate access.

    Alternatively, participants may call 833.470.1428 and use the access code 580174 at least fifteen minutes prior to the call to join through an operator.

    The live webcast can be found at https://events.q4inc.com/attendee/299753902. Corresponding presentation slides can be accessed on the company’s investor website at http://investors.texascapitalbank.com.

    An audio replay will be available one hour after the conclusion of the call on the company’s investor website.

    ABOUT TEXAS CAPITAL BANCSHARES, INC.
    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

    The MIL Network –

    April 4, 2025
  • MIL-OSI United Nations: Following Discovery of Mass Grave in Gaza with Bodies of 15 Aid Workers, Human Rights Chief Warns Security Council about Heightened Risk of Atrocity Crimes

    Source: United Nations MIL OSI b

    Note: Full coverage of this afternoon’s meeting of the Security Council will be available Friday, 4 April.

    Following the recent discovery of a mass grave in Gaza — in which the bodies of 15 humanitarian workers were interred — the United Nations human-rights Chief warned the Security Council today of a high and increasing risk that atrocity crimes are being committed in the Occupied Palestinian Territory.

    “I am appalled by the recent killing of 15 medical personnel and humanitarian aid workers, which raise further concerns over the commission of war crimes by the Israeli military,” said Volker Türk, United Nations High Commissioner for Human Rights.  Additionally, he observed that the temporary relief granted by the ceasefire “has been shattered”.  According to the Ministry of Health in Gaza, Israeli military operations have killed more than 1,200 Palestinians, including at least 320 children, since 1 March. Bombardments of residential buildings, tents, hospitals and schools continue, including places where Palestinians have been ordered to move.

    Pointing out that a month has passed since the Israeli military imposed a complete blockade on vital aid and supplies to Gaza, he underscored: “The blockade and siege imposed on Gaza amount to collective punishment and may also amount to the use of starvation as a method of war.”  He also noted that, as of 1 April, the World Food Programme (WFP) shut its 25 bakeries in Gaza — leaving many without access to bread — and he spotlighted a “return to the breakdown of social order that preceded the ceasefire”. Additionally, he said that inflammatory rhetoric by senior Israeli officials regarding seizing, dividing and controlling territory “raises grave concerns about the commission of international crimes”.

    Further noting that the situation in the West Bank is “extremely alarming”, he said that the announcement that residents must not return to their homes for a year “raises serious concerns about long-term mass displacement”.  While “nothing can justify” the horrific attacks committed on 7 October 2023, he stressed that the same is true for the collective punishment of the Palestinian people.  Urging immediate restoration of the ceasefire in Gaza, he warned:  “There is a high and increasing risk that atrocity crimes are being committed in the Occupied Palestinian Territory.”

    ‘Many Appalling Records’ Broken in Gaza, with Highest Number of Aid Workers Killed in Any Conflict

    “Many appalling records have been broken in this war,” observed Younes Al-Khatib, President of the Palestine Red Crescent Society.  The war on Gaza, he said, has seen the greatest number of aid workers killed in any conflict.  Recently, a mission coordinated by the Office for the Coordination of Humanitarian Affairs uncovered a mass grave, where 15 first responders — including eight Palestine Red Crescent Society paramedics, six civil-defence members and one UN officer — were buried.  “They were killed while on mission to save lives,” he said.

    Noting the Society’s documentation of the mission’s timeline, as well as dispatch communications and what one team “had witnessed when they went back to the scene”, he added that Asad Al-Nasasra, a Society member, had reported that his team was being fired upon and that several colleagues were injured.  He is still missing.  “We call on the Israeli occupation forces to provide information on his fate,” he urged. Also calling for a thorough investigation and the immediate resumption of aid delivery, he added:  “We call on the Security Council — and on the whole international community — to spare no effort to return to the ceasefire.”

    …

    MIL OSI United Nations News –

    April 4, 2025
  • MIL-OSI Security: New Hampshire Man Charged with Discharging a Firearm During Assault on a Federal Officer

    Source: Office of United States Attorneys

    Burlington, Vermont – The Office of the United States Attorney for the District of Vermont announced that on April 3, 2025, a federal grand jury returned a second superseding indictment charging  Douglas Reynolds, 37, of New Hampshire, with using a firearm to assault a federal officer and discharging the firearm during the assault. Reynolds was previously charged with other firearm-related charges and those charges remain pending.

    Reynolds’s arraignment on the second superseding indictment has not yet been scheduled. He is being held in custody during these proceedings.

    According to court records, on October 24, 2024, Reynolds led law enforcement on a car chase that started in New Hampshire and ended near Ryegate, Vermont. The pursuit reached speeds of at least 100 miles per hour. At the end of the chase, Reynolds pointed a firearm out of his car and fired a shot. Law enforcement returned fire and then apprehended Reynolds.

    The United States Attorney’s Office emphasizes that an indictment contains allegations only and that Reynolds is presumed innocent until and unless proven guilty. Reynolds faces up to a lifetime of imprisonment, and a mandatory minimum sentence of 10 years of imprisonment, if convicted. The actual sentence, however, would be determined by the District Court with guidance from the advisory United States Sentencing Guidelines and the statutory sentencing factors.

    Acting United States Attorney Michael P. Drescher commended the investigative efforts of the Federal Bureau of Investigation, the United States Marshals Service, and the Vermont State Police.

    The prosecutor is Assistant United States Attorney Joshua L. Banker. Reynolds is represented by Assistant Federal Public Defender Carmen Brooks.

    This case is part of Operation Take Back America a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

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

    MIL Security OSI –

    April 4, 2025
  • MIL-OSI Russia: Financial news: Bank of Russia to hold fine-tuning repo auction on April 7 (03.04.2025)

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    In order to increase the ability of credit institutions to manage their own liquidity at the end of the averaging period of required reserves and to maintain conditions for the formation of overnight money market rates close to the key rate, the Bank of Russia will hold a fine-tuning repo auction on April 7, 2025, with the first part of the transactions executed on the day of the auction and the second part on April 9, 2025.

    The maximum amount of funds provided at the auction will be set on April 7, 2025. The schedule and parameters of the auction will be available on the pages of the Bank of Russia website “Schedule of repo operations in rubles” And“Parameters of repo auctions in rubles” respectively.

    The Bank of Russia will continue to monitor the liquidity situation in the Russian banking sector and, taking this into account, will adjust the volumes of operations to provide or absorb liquidity. The purpose of the Bank of Russia’s operations is to maintain money market rates close to the key rate.

    When using the material, a link to the Press Service of the Bank of Russia is required.

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

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

    HTTPS: //vv. KBR.ru/Press/PR/? File = 6387929605968544444444444444444444444444DKP.HTM

    MIL OSI Russia News –

    April 4, 2025
  • MIL-OSI: FinWise Bancorp to Host First Quarter 2025 Earnings Conference Call and Webcast on Wednesday, April 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    MURRAY, Utah, April 03, 2025 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced that it will report its first quarter 2025 results and host a conference call and webcast after the market close on Wednesday, April 30, 2025.

    Conference Call Information

    The conference call will be held at 5:30 p.m. ET to discuss financial results for the first quarter of 2025. The dial-in number is 1-877-423-9813 (toll-free) or 1-201-689-8573 (international). The conference ID is 13752183. Please dial the number 10 minutes prior to the scheduled start time.

    Webcast Information

    The webcast will be available on the Company’s website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call.

    Submission of Conference Call Questions

    In addition to questions asked live by analysts during the call, the Company will also accept for consideration questions submitted via email prior to 5:30 p.m. ET on Wednesday, April 30, 2025. Please email questions to investors@finwisebank.com.

    About FinWise Bancorp

    FinWise provides Banking and Payments solutions to fintech brands. The Company is expanding and diversifying its business model by incorporating Payments (MoneyRailsTM) and BIN Sponsorship offerings. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. Through its compliance oversight and risk management-first culture, the Company is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

    For more information on FinWise Bank, visit https://investors.finwisebancorp.com.

    Contacts:
    investors@finwisebank.com
    media@finwisebank.com

    The MIL Network –

    April 4, 2025
  • MIL-OSI United Kingdom: Aid workers should not have to risk their lives to help those in need in Gaza: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Speech

    Aid workers should not have to risk their lives to help those in need in Gaza: UK statement at the UN Security Council

    Statement by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the UN Security Council meeting on the escalating situation in the Occupied Palestinian Territories.

    I’d like to thank High Commissioner Volker Türk and Dr. Younes Al-Khatib for your sobering briefings.  

    Our thoughts and deepest condolences are with the families of the Red Crescent medics and other humanitarians who were killed while bravely working to save lives in Gaza.  

    Their deaths are an outrage and we expect this incident to be investigated fully, transparently and for those responsible held to account.  

    Gaza remains the most dangerous place for humanitarians in the world.  

    If Israel does not respect deconfliction notifications from aid workers, to allow them to operate without coming under attack, there will be more appalling deaths like these ones. Aid workers should not have to risk their lives to help those in need. 

    So we urge Israel to cooperate with the UN fact-finding mission into the hit on a UN compound on 19 March, conduct thorough investigations into all incidents involving aid workers and medical personnel, and ensure accountability for those responsible. 

    President, I have three points to make.
    First, the UK reiterates its call for the immediate and unconditional release of all hostages, including Avinatan Or, Yossi Sharabi and Shay Levinson, who have links to the UK. And we are clear Hamas must be held accountable for their despicable actions.  

    But the UK strongly opposes Israel’s decision to resume and expand its military operations in Gaza. Since operations restarted over 1000 Palestinians have lost their lives, including at least 322 children. And civilians are being compressed into ever-smaller areas. 

    Further fighting and bloodshed is in nobody’s interest and takes us further away from a deal to get the hostages home.  

    Second, the humanitarian situation in Gaza is horrific and there is reportedly less than a week of food left for distribution in Gaza. We urge Israel to reinstate the flow of humanitarian aid immediately.

    Blocking supplies and electricity from entering Gaza risks violating international humanitarian law. 

    The UK is deeply concerned that the UN and humanitarian organisations have been forced to reduce operations in Gaza because it is so unsafe. Without their life-saving work, even more Palestinians will suffer. 

    Third, the UK condemns remarks by Defence Minister Katz on the annexation of land in Gaza. There must be no forced displacement of Palestinians or reduction in the territory of Gaza. 

    This would only further drive instability and undermine security for Israelis and Palestinians alike. 

    And we condemn recent Israeli decisions to accelerate the establishment of settlements and outposts in the West Bank.

    President, in conclusion, the lesson we have learnt time and again in this Council, is that diplomacy, not violence, is the only way to bring lasting peace. 

    We urge the parties to return to a ceasefire, to end appalling loss of life, bring the hostages home and make credible efforts towards a two-state solution.

    Updates to this page

    Published 3 April 2025

    MIL OSI United Kingdom –

    April 4, 2025
  • MIL-OSI: Wintrust Board Members Edward Wehmer and Scott Heitmann to Conclude Long-time Board Service

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 03, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (NASDAQ: WTFC) (“Wintrust”) today announced Edward J. Wehmer and Scott K. Heitmann will conclude their long-time service as members of the Board of Directors at the Annual Meeting of Shareholders to be held May 22, 2025.

    “The leadership and expertise Ed and Scott have brought to our Board of Directors throughout their tenures cannot be summed up in a few words,” said H. Patrick Hackett, Jr., Wintrust Chairman of the Board. “We are immensely grateful to both Ed and Scott for their Board service as Wintrust has grown to the very successful $65 billion financial services enterprise it is today.”

    Wehmer opened the first Wintrust Community Bank location in 1991 when he launched Lake Forest Bank & Trust. He has served on the Board since the initial formation of Wintrust as a public company in 1996 and was President and Chief Executive Officer until May 2023. At that time, under the previously announced transition plan, Tim Crane was appointed President and Chief Executive Officer and Wehmer transitioned to Executive Chairman, a role he held until May 2024, as well as Founder and Senior Advisor, a role he continues to hold. He will be appointed Chairman Emeritus following the 2025 Annual Meeting.

    “Wintrust is coming off its best year ever,” Wehmer said. “The future for our company is bright. I will very much continue to be a resource and a sounding board for Tim and the management team in my role as Founder and Senior Advisor of the company. Of course, I remain a passionate advocate for Wintrust and our different approach to serving our customers across all of our businesses.”

    Heitmann joined the Board in 2008, bringing his vast banking industry experience with LaSalle Bank Corp., Standard Federal Bank and the Federal Home Loan Bank of Chicago to Wintrust as the company navigated a challenging banking environment.

    “Scott’s deep experience in banking provided us with valuable counsel as we realized opportunities to grow our Wintrust Community Banks, as well as support to navigate challenges our industry has faced over the last 17 years,” Hackett said.

    The remaining 13 Board members are seeking re-election, as noted in the 2025 Proxy Statement available at ir.wintrust.com.

    About Wintrust
    Wintrust is a financial holding company with $64.9 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.

    Forward-Looking Information
    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in Wintrust’s Annual Report on Form 10-K for the most recently ended fiscal year. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

    For more information, media may contact Amy Yuhn at 847-939-9591 or ayuhn@wintrust.com or Tim Crane at 847-939-9000. For investor relations inquiries, please contact Dave Dykstra at 847-939-9000.

    The MIL Network –

    April 4, 2025
  • MIL-OSI United Nations: Gaza: UN rights chief calls for probe into killings of medical workers

    Source: United Nations MIL OSI b

    3 April 2025 Peace and Security

    The recent killings of 15 medical personnel and humanitarian aid workers in Gaza raise further concerns over the commission of war crimes by the Israeli military, the UN High Commissioner for Human Rights told the Security Council on Thursday. 

    Volker Türk said he was pained to brief the Council once again on the “catastrophic suffering” of people in the enclave, noting that “the temporary relief of the ceasefire, which gave Palestinians a moment to breathe, has been shattered.” 

    He reported that since 1 March, Israeli military operations have killed more than 1,200 Palestinians, including at least 320 children, according to the Gaza health authorities.

    Call for investigation

    Mr. Türk said he was appalled by the killing of the medical and humanitarian personnel. 

    “There must be an independent, prompt and thorough investigation into the killings, and those responsible for any violation of international law must be held to account,” he said.

    He highlighted that there is nowhere safe to go in Gaza amid ongoing bombardment. Furthermore, half of the territory is now under mandatory evacuation orders or has been declared a no-go zone.

    At the same time, Hamas and other Palestinian armed groups continue to launch indiscriminate rockets from Gaza into Israel, in breach of international humanitarian law. 

    “I am also deeply concerned about the fate and well-being of Israeli hostages still held in Gaza,” he said.

    Humanitarian aid blockade

    Meanwhile, a month has passed since Israel imposed a complete blockade on vital humanitarian aid and supplies entering Gaza, including food, water, electricity, fuel and medicines. 

    “The blockade and siege imposed on Gaza amount to collective punishment and may also amount to the use of starvation as a method of war,” he said.

    The UN rights chief was alarmed by the inflammatory rhetoric by senior Israeli officials around seizing, annexing and dividing territory, and about transferring Palestinians outside Gaza.

    “This raises grave concerns about the commission of international crimes and runs counter to the fundamental principle of international law against the acquisition of territory by force,” he said.

    West Bank violence

    Mr. Türk also addressed the “extremely alarming” situation in the West Bank, including East Jerusalem, where Israeli operations have killed hundreds, destroyed entire refugee camps and displaced over 40,000 Palestinians.

    “Illegal settlement expansion continues unabated as some Israeli ministers advocate for Israeli sovereignty in the occupied territory,” he added.

    The High Commissioner urged the immediate restoration of the ceasefire and unimpeded humanitarian access throughout Gaza.

    He stressed that “nothing can justify the horrific attacks committed against Israeli communities on 7 October 2023. And nothing can justify the collective punishment of the Palestinian people.”

    More to follow on this story… 

    MIL OSI United Nations News –

    April 4, 2025
  • MIL-OSI United Nations: After Winning an Oscar for No Other Land, Palestinian Filmmakers Returned Home to ‘Same Reality’ of Occupation, Violence, Palestinian Rights Committee Hears

    Source: United Nations MIL OSI b

    Speakers Discuss Growing Collusion Between Israeli Settlers, State Apparatus

    After winning the Oscar for No Other Land, the film’s Palestinian co-directors returned to occupation and violence, the Committee on the Exercise of the Inalienable Rights of the Palestinian People heard today in a meeting where several speakers drew attention to the increasing collusion between Israeli settlers and the State apparatus.

    Basel Adra, one of the three co-directors of No Other Land, said he grew up seeing bulldozers entering Palestinian communities and destroying homes.  But this was so routine that journalists were not interested in covering it.  So, as a teenager, he started carrying a camera and filming because he wanted the world to see what it was like to live under brutal occupation. 

    Five years ago, he started working on the documentary with friends, he said, adding that the movie succeeded beyond expectations.  “But even after winning the Oscar, we went back to the same reality,” he observed.  He detailed many harrowing stories of violence, destruction and arbitrary detention.  Three weeks after the Oscars, settlers attacked a mosque in the village of one of his co-directors, Hamdan Ballal.  About 20 settlers started vandalizing the village.  Hamdan tried to protect his family by locking the door of his house and standing outside, but two soldiers started beating him, and then abducted him and two other Palestinians to a military base.  He spent 20 hours in the base, handcuffed and blindfolded while soldiers mistreated him — when he was brought to interrogation, he was accused of attacking the settler and only after he paid a fine was he able to leave and get medical treatment.

    Detailing several such stories of violence, destruction and detention, Mr. Adra said it is Israeli State policy to enable radical right-wing terrorist settlers.  The soldiers and police provide not only impunity but also support to settlers attacking communities in the West Bank.  He also highlighted an Israeli court decision to designate the area of Masafer Yatta, which contains several Palestinian villages, as a “firing zone” for the Israeli military to do military exercises.  The struggle against the occupation is something he inherited from his father and grandfather, he said, hoping that his daughter will be able to live without the weight of occupation.

    Events in Masafer Yatta Village in West Bank Part of Larger Policy to Create Settler Regime

    What is happening in Masafer Yatta is part of a larger policy of creating a “settler regime”, Netta Amar-Shiff, human rights lawyer, speaking via video, said.  The village of Jinba in Masaffer Yatta that was attacked repeatedly last week was long a vital economic and cultural centre, she said.  She also detailed a court case in which Palestinians presented the history of Masafer Yatta and requested that its designation as a “firing zone” be overturned.  Sharing some of the historical evidence presented to the court, she showed an 1879 Palestine Exploration Fund Map as well as pages from a book about the Hebron Hill cave dwellers.  The book details an archaeological study of the region, including the discovery of ancient grain containers called ”suma’a” — the author concludes that their presence is a signal of historic permanent residency.  Regardless, the court dismissed all these findings. 

    Masafer Yatta has been a target of extensive settlement activities since 7 October 2023, she said.  But “this is not the same military we know from before 7 October,” she said, adding that while settler violence has long been linked with Israel’s expansion, now armed settlers have been formally incorporated into the regular military forces — they receive drones, vehicles, arms and technology.  Human rights lawyers such as her are fast running out of solutions as judicial remedies disappear, she said, adding that an immediate international intervention is crucial.  From her Mizrahi Jewish perspective, she said, “it is not just a necessity to end the conflict, it is an honour and a blessing.”

    Humanitarian Workers, More Aid Cannot Resolve Conflict; Solution Is Political

    The Committee also heard from Younis Khatib, President of the Palestine Red Crescent Society, who recalled how his organization used to have a training centre in Masafer Yatta to train young Palestinians until six years ago when the Israeli army prevented the Red Crescent from reaching that area.  Recently, the Israeli Defence Minister, Israel Katz, said that the West Bank is the heart of Israel, he said, adding that what is happening right now in Masafer Yatta is part of the larger Israeli plan for the West Bank.  Most Palestinian cities in the West Bank are totally controlled by Israel.

    “There will be more and more evictions if the international community allows it,” he said, asking how the two-State solution can be implemented if one side does not believe that the other side should be able to exercise their rights as human beings.  He also highlighted the dehumanization of Palestinians, noting that pre-fab building materials for temporary housing in Gaza had to be negotiated in the recent ceasefire agreement.  Denying Palestinians a dignified life is intentional — from day one, the objective was to push the Palestinians out of the Gaza Strip.  “This is a continuation of 1948,” he said. 

    This cannot be solved with more humanitarian aid to the West Bank and Gaza, he said, stressing that the resolution is political.  “Don’t expect that humanitarians will do your job,” he stressed.  It is the responsibility of the United Nations and the international community to stop the killing of aid workers.  Referring to the aid workers — including the eight staff from his organization — who were killed and buried in a mass grave in Rafah, the bodies discovered a few days ago, he said:  “We don’t train our paramedics to risk their lives; we train them to save lives.”  The war in Gaza has been the conflict with the largest number of killed aid workers.  “Khalas, stop counting for God’s sake,” he said, underscoring that these are not numbers, but lives.  These are colleagues, friends and sons, he said, adding:  “The souls of our colleagues ask for justice.”

    No Other Land Brings to Life How Land Is at Heart of Illegal Occupation 

    James Turpin, Chief of the Prevention and Sustaining Peace Section of the Office of the High Commissioner for Human Rights, said the documentary film, No Other Land, brings to life, in a compelling and accessible way, what the UN has documented in countless reports.  Land is at the heart of the occupation of the Occupied Palestinian Territory, he said, detailing how Israel’s settlement policy is eroding Palestinian rights.  Israel continues to transfer its civilian population to East Jerusalem — there are now around 737,000 Israeli settlers in the West Bank, and almost a third of them are in East Jerusalem alone.  Steps are regularly taken to accelerate construction of additional housing units.  “This is accompanied by demolition of Palestinian properties and structures — mostly under the pretext of lacking building permits, which are almost impossible for Palestinians to obtain,” he pointed out. 

    Israel also undertakes the illegal appropriation of occupied land for Israeli settlements through declarations of “State land”, and the establishment of military zones (as seen in No Other Land), nature reserves, and cultural and archaeological sites.  Livelihoods centred around olive production are particularly targeted by Israeli State and settler violence, he said, adding that “many Palestinian farmers are unable to harvest their trees due to violence and movement restrictions”.  Israel’s provision of services for settlers in settlements and outposts institutionalizes control of the Occupied Palestinian Territory.  “The line between settler and State violence has blurred to a vanishing point, further enabling violence and impunity,” he said.

    But “while there may be obfuscation on the ground”, international law is very clear, he said, stressing that Israel’s unlawful presence in the Occupied Palestinian Territory must end, as affirmed by the International Court of Justice. 

    Return to Ceasefire Key for Implementing Arab Plan for Gaza’s Reconstruction 

    Riyad Mansour, Permanent Observer of the State of Palestine, also briefed the Committee, noting that he just came from a meeting with the Group of Friends of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), stressed the indispensable role of that Agency.  The group was formed when the Israeli Government started unleashing its campaign against UNRWA.  There is tremendous frustration in the international community, from the Arab Group to European countries, that the Israeli authorities broke the ceasefire, he said.  Highlighting the Arab plan for reconstruction of Gaza, he said that the first stage of the plan is to build temporary housing in the Gaza Strip.  In order to make that happen, “we need this ceasefire to be put back in place,” he underscored.

    Early next month, a meeting will take place in Egypt to move the Plan forward, he said, also noting the conference to be held in New York in June, co-chaired by Saudi Arabia and France, towards creating conditions conducive to the implementation of a two-State solution.  Ending the illegal Israeli occupation is crucial for that, he said.  His delegation will continue its “political offensive” in the General Assembly in order to take actions on the decisions that will be taken in Cairo and New York.

    MIL OSI United Nations News –

    April 4, 2025
  • MIL-OSI New Zealand: Explore the seafloor: new maps launched in Akaroa

    Source: Environment Canterbury Regional Council

    The maps are the result of extensive fieldwork and modelling, and will help rūnanga, communities and agencies make more informed decisions about ecosystem management.

    Iongairo is a partnership between papatipu rūnanga of Te Pātaka o Rākaihautū, the Department of Conservation, and us, with the University of Otago serving as the project’s science partner. ‘Iongairo’ represents the relationship between Papatūānuku and Tangaroa in Te Ao Māori — signifying the special relationship between the whenua/land and the moana/ocean.

    View the

    seafloor maps

    Insights into marine ecosystems

    Ōnuku Rūnanga Chairperson, Rik Tainui, said it was the opportunity of a lifetime for Ōnuku.

    “We hadn’t done any extensive work with any agency in the harbour before and I just thought, this is brilliant. We’re going to use the data that’s been collected to help us determine where we should plant, and do things that can slow down sedimentation which isn’t helping our moana. We won’t have to guess like we’ve done in the past.”

    Wairewa Rūnanga mana whenua mana moana team leader, Robin Wybrow, said the most important part of the project was the collaboration and relationships.

    “A really important part of the mahi was the foundation work, with all the partners coming together to determine how the research project would take place, our shared values, and the direction it needed to take. The group just clicked, which was a pleasant surprise.”

    Environment Canterbury chief scientist, Dr Fiona Shanhun, said that this resource represents a significant collaborative effort to help enhance the way we look after coastal marine ecosystems, now and for future generations.

    “The Iongairo project has provided incredible insights into the marine ecosystems around Te Pātaka o Rākaihautū, enriching our knowledge of diverse seafloor habitats and offering more information than ever before to enable kaitiaki and coastal managers to explore connections between the land and the sea.”

    “Data collected will also help researchers detect and assess possible impacts from climate change and human activities on key habitats and taonga species.”

    Launch event in Akaroa

    Department of Conservation Marine Ranger, Tom MacTavish agrees that information is paramount for conservation.

    “Better marine conservation relies on improving our understanding of what we have here in the moana, where these habitats are and how these ecosystems are affected by what’s happening on the land.”

    University of Otago research fellow, Dr Matthew Desmond, echoed that the Iongairo project was a great opportunity to develop more accurate models and datasets for the area.

    “By understanding on a finer scale what’s happening in each reef system, we can better manage them and understand their health. What we achieved by having all these partners on board was greater than what we could have achieved on our own.”

    About the kaupapa/project:

    • In 2021, Toitū Te Whenua Land Information New Zealand (LINZ) conducted hydrographic survey work around Te Pātaka o Rākaihautū/Banks Peninsula for navigational shipping purposes. The survey extended along the coast from Awaroa/Godley Head to Birdlings Flat, including Akaroa Harbour, and out to five kilometres offshore.
    • Through a financial commitment by us (in the 2021-31 Long-Term Plan) and the Department of Conservation, and with support from rūnanga, the hydrographic survey was expanded to include important shallow water (<10 m) areas of the coastline from Birdlings Flat to Goat Point that would otherwise not have been mapped.

    • Combining this additional work with LINZ’s survey provided an opportunity to leverage funding to improve rūnanga, community and agency understanding and management of seafloor habitats and ecosystems around Te Pātaka o Rākaihautū/Banks Peninsula.

    • Outputs from the Iongairo project represent the most detailed information on any coastal marine environment in Waitaha/Canterbury. The extensive fieldwork has generated a rich pool of environmental data.

    • The core project output is an interactive online map that documents the geological and biological characteristics of seafloor habitats around Te Pātaka o Rākaihautū/Banks Peninsula. Information available via the interactive map transforms our ability to make informed coastal planning and environmental management decisions.

    Learn more about the Iongairo project:

    MIL OSI New Zealand News –

    April 4, 2025
  • MIL-OSI New Zealand: Community groups receive funding to protect indigenous biodiversity

    Source: Environment Canterbury Regional Council

    Date: 31 Mar 2025

    Successful biodiversity projects

    We received a total of 31 applications requesting more than $1.6m. Through a structured selection process, we awarded funding for eight projects. The organisations, the project titles and the self-described project purposes are listed below.

    Banks Peninsula Conservation Trust, $72,550

    Control of infestation and monitoring impacts of pig’s ear (Cotyledon orbiculata) on naturally rare coastal ecosystems on Banks Peninsula.

    This project seeks to document impacts of the invasive weed pig’s ear (Cotyledon orbiculata) on coastal cliffs, basic tors (rocky outcrops), scarps and rocklands, as well as the coastal forest and scrub remnants and grasslands of Banks Peninsula.

    Additionally, it will examine the features driving spread into interior vegetation communities and determine the effects of chemical control of pig’s ear on these ecological communities, using the 1,800-hectare area between Menzies Bay and Little Akaloa in the north-eastern bays of Banks Peninsula as a case study. 

    Banks Peninsula Conservation Trust, $65,810

    Pest Free Community Activator position.

    This project will continue the funding of a Pest Free Community Activator position, to work with community trapping groups across Christchurch and Banks Peninsula. The Activator will deliver training and support, and a range of resources, to support community groups to positively impact biodiversity outcomes. 

    Summit Road Society Incorporated, $58,500

    Linda Woods Reserve (Avoca Valley) plant maintenance project.

    Linda Woods Reserve is a 233ha reserve, made up of Horotane and Avoca Valleys, which is owned and managed by the Summit Road Society. Supporting the Society’s aim of restoring lowland dry podocarp hardwood forest to the reserve, this project is for maintenance of 14,000 native plants in Avoca Valley, focusing on weed control and protective plant guard removal and recycling.

    Diamond Harbour Community Association Inc, $54,108

    Weeding Waipapa’s wilds.

    This project aims to increase the extent of indigenous coastal forest through weed control, natural regeneration, and community tree planting from Purau to Te Waipapa Diamond Harbour. It will reduce environmental weed sources through control of outlier populations and, through community engagement and outreach, inspire and educate local gardeners to remove weeds from their gardens. 

    Port Hills Park Trust Board, $50,000

    Mt Vernon’s rocky outcrops — protection, investigation, enhancement and engagement.

    This project involves the protection, enhancement, research and monitoring, and education and engagement on rocky outcrops of significance within Mt Vernon. The rstoration work within Mt Vernon will be supported by collaboration with research and restoration communities to document and monitor various restoration/intervention strategies and external impacts and influences. 

    Orton Bradley Park Board, $45,000

    Te Wharau Stream restoration.

    This project will involve the protection and enhancement of the Te Wharau Stream catchment to ensure improved biodiversity habitat, improved freshwater quality, higher carbon capture, and higher survival rates for native flora and fauna. 

    Te Ahu Pātiki Charitable Trust, $37,117

    Protecting special areas: selective gorse control on Te Ahu Pātiki.

    This project will protect identified areas on the summit of Te Ahu Pātiki and designated special areas on Mt. Bradley. Te Ahu Pātiki is host to a variety of nationally and regionally rare species, which are all under threat from recent gorse incursion.

    Rod Donald Banks Peninsula Trust, $20,000

    Transformation of the wetland edge of Te Roto o Wairewa.

    This project will control problematic weeds in the wetland edge of Te Roto o Wairewa that the Little River Rail Trail runs through. Weed control in this area will also prevent significant incursion into other high value areas that have recently had extensive weed control treatment.

    We look forward to supporting these projects and working with these community groups.

    Please note that the Biodiversity Fund has only been made available for the 2024/25 year. No decisions have been made on whether this fund will be available in the future.

    Environment Canterbury © 2025
    Retrieved: 9:20am, Fri 04 Apr 2025
    ecan.govt.nz/get-involved/news-and-events/2025/community-groups-receive-funding-to-protect-indigenous-biodiversity/

    MIL OSI New Zealand News –

    April 4, 2025
  • MIL-OSI: FinWise Bancorp to Host First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    MURRAY, Utah, April 03, 2025 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced that it will report its first quarter 2025 results and host a conference call and webcast after the market close on Wednesday, April 30, 2025.

    Conference Call Information

    The conference call will be held at 5:30 p.m. ET to discuss financial results for the first quarter of 2025. The dial-in number is 1-877-423-9813 (toll-free) or 1-201-689-8573 (international). The conference ID is 13752183. Please dial the number 10 minutes prior to the scheduled start time.

    Webcast Information

    The webcast will be available on the Company’s website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call.

    Submission of Conference Call Questions

    In addition to questions asked live by analysts during the call, the Company will also accept for consideration questions submitted via email prior to 5:30 p.m. ET on Wednesday, April 30, 2025. Please email questions to investors@finwisebank.com.

    About FinWise Bancorp

    FinWise provides Banking and Payments solutions to fintech brands. The Company is expanding and diversifying its business model by incorporating Payments (MoneyRailsTM) and BIN Sponsorship offerings. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. Through its compliance oversight and risk management-first culture, the Company is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

    For more information on FinWise Bank, visit https://investors.finwisebancorp.com.

    Contacts:
    investors@finwisebank.com
    media@finwisebank.com

    The MIL Network –

    April 4, 2025
  • MIL-OSI USA: PREPARED REMARKS: Sanders Speech on Senate Vote to Block $8.8 Billion Sale of Heavy Bombs to Israel

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders

    WASHINGTON, April 3 – After filing Joint Resolutions of Disapproval (JRDs) to block the sale of two of the most egregious Trump Administration offensive arms sales to Israel, Sen. Bernie Sanders (I-Vt.) today rose to bring the JRDs up for a vote by the full Senate.

    The sales would provide almost $8.8 billion more in heavy bombs and other munitions to Netanyahu, including more than 35,000 massive 2,000-pound bombs.

    • The first resolution, S.J.Res 33, would block a sale of $2.04 billion for 35,329 MK 84 2,000 lb. bombs and 4,000 I-2000 Penetrator warheads.
    • The second resolution, S.J.Res.26, would block $6.75 billion for 2,800 500-pound bombs, 2,166 Small Diameter Bombs, and tens of thousands of JDAM guidance kits.

    All of these systems have been linked to dozens of illegal airstrikes, including on designated humanitarian sites, resulting in thousands of civilian casualties. None of these systems are necessary to protect Israel from incoming drone or rocket attacks.

    The JRD is the only formal mechanism available to Congress to prevent an arms sale noticed by the administration from advancing.

    Sanders’ remarks introducing the vote today, as prepared for delivery, are below and can be watched live HERE:

    M. President, let me begin by telling the American people something they already know, and that is, as a result of the disastrous Citizens United Supreme Court decision, we now have a corrupt campaign finance system that allows billionaires to buy elections and to influence major pieces of legislation. That, I think, is not a secret to the American people.

    If you’re a Republican and you vote against the Trump administration in one way or another, you have to look over your shoulder and worry that you’re going to get a call from Elon Musk, the wealthiest man in the world. And he will tell you that if you vote against what he wants, he will spend unlimited amounts of money to defeat you in the next election. That’s not a great secret. That’s what Musk has been saying publicly. 

    If you’re a Democrat, you have to worry about the billionaires who fund AIPAC, the American Israel Public Affairs Committee. If you vote against Israeli Prime Minister Benjamin Netanyahu and his horrific war in Gaza, AIPAC will punish you with millions of dollars in advertisements to see that you’re defeated. AIPAC’s PAC and Super PAC spent nearly $127 million combined during the 2023-2024 election cycle, according to the Federal Election Commission.

    And I must confess that AIPAC has been successful. Last year, they defeated two members of the U.S. House who opposed providing military aide to Netanyahu’s extremist government.

    Given all of that, I would hope that Democrats and Republicans who understand that they were elected to protect the interests of their constituents, not billionaire campaign contributors, would support the ending of Citizens United and the movement toward public funding of elections so billionaires could not continue to control the political and legislative process.

    Further, I would hope that both parties would move to end super PAC funding in their primaries. I would hope that would be the case so that we can once again become a government of the people, by the people, for the people – and not a government run by the billionaire class. 

    M. President, I trust that every American – and certainly every member of the Senate – understands that Hamas, a terrorist organization, began this terrible war with its barbaric October 7, 2023, attack on Israel, which killed 1,200 innocent people and took 250 hostages. The International Criminal Court was correct in indicting the leaders of Hamas as war criminals for those atrocities. Clearly, Israel had the right to defend itself against Hamas.

    But most Americans also understand that, while Israel had a right to wage war against Hamas, it did not and does have the right to wage war against the entire Palestinian population. Tragically, that is exactly what we have seen over the last year and a half.

    Let us be clear: Prime Minister Netanyahu’s racist and extremist government has waged an all-out barbaric war against the Palestinian people and made life unlivable in Gaza. Within Gaza’s population of just 2.2 million people, more than 50,000 people have been killed and more than 113,000 have been injured – 60 percent of whom are women, children, and elderly people. That is 7.4 percent of the population of Gaza killed or wounded. If those same percentages were applied to the United States, it would mean that over 25 million Americans would have been killed or wounded.

    In total, since the war began, 15,000 children in Gaza have been killed, and today there are more than 17,000 orphans. But it’s not just the dead and the wounded. Israel’s indiscriminate bombardment has damaged or destroyed two-thirds of all structures in Gaza, including 92 percent of the housing units.

    Almost no part of Gaza has been left unscathed. Most of the population now is living in tents or other makeshift structures.

    M. President, most of the territory’s hospitals and primary healthcare facilities have been bombed, leaving virtually all Gazans without basic medical care. Think about what that means. I have met repeatedly with American doctors and others who have served in Gaza. And they are treating hundreds of patients a day without electricity, without anesthesia, without clean water, including dozens of children arriving with gunshot wounds to the head. I have seen the photographs and the videos.

    Gaza’s civilian infrastructure has been totally devastated, including almost 90 percent of water and sanitation facilities. Most of the roads in Gaza have been destroyed and made impassable.

    Gaza’s educational system has been obliterated. Children are not going to school. According to the World Bank, more than 2,000 educational facilities, ranging from kindergartens to universities, have been destroyed. Hundreds of schools have been bombed, as has every single one of Gaza’s 12 universities.

    And M. President, there has been no electricity in Gaza for 17 months.

    Put simply, Netanyahu and his extremist government have killed or wounded over 7 percent of Gaza’s population and have turned Gaza into a wasteland unfit for human life.

    That is what has been going on over the last year and a half.

    M. President, in terms of where we are today: the Netanyahu government broke the ceasefire two weeks ago, endangering the well-being of the remaining hostages held by Hamas.

    Further, in the last two weeks, they have intensified their assault against the Palestinian people. According to UNICEF, since Netanyahu broke the ceasefire, more than 1,000 people have been killed, including over 300 children, and more than 600 children have been wounded. UNICEF says that most of these children were killed while sheltering in makeshift tents or damaged homes. Just in the last 24 hours, 97 more people have been killed in Gaza.

    Since Netanyahu broke the ceasefire, even more aid workers have been killed, putting the total over 400 since the war began. Earlier this week, the United Nations announced that they had recovered the bodies of 15 emergency aid workers, who were killed by Israeli forces while wearing their emergency responder uniforms and then dumped in a mass grave in southern Gaza. They were buried alongside their destroyed emergency vehicles – clearly marked ambulances, a fire truck, and a UN car.

    M. President, with the resumption of bombing, hundreds of thousands of Gazans are once again being forcibly displaced by bombing and evacuation orders. This week, Israeli authorities issued displacement orders for most of Rafah, where about 150,000 people were estimated to be sheltering.

    Think about what all of this means in human terms.

    Throughout this war, millions of desperately poor people in Gaza have been repeatedly driven from their homes. They have been forced to pick their way through a demolished landscape, again and again, with nothing more than the clothes on their backs. Families have been herded into so-called “safe zones,” only to face continued bombardment.

    The children of Gaza have suffered a level of physical and emotional torture that is almost beyond comprehension and that will clearly stay with each and every one of them for the rest of their lives.

    These children are hungry. They are thirsty. It is hard to get clean water. They have been denied healthcare, and have witnessed the death of their parents, their family members, their homes, and virtually everything around them. And they have been picked up and moved from one place to another, all the while drones are above them shooting or photographing what they are doing.

    M. President, throughout this war, Israel’s restrictions on humanitarian aid have left hundreds of thousands of people, including tens of thousands of children, facing malnutrition and starvation. Children have literally starved to death while aid sat just miles away, blocked by Israeli forces. The UN, the United States, and every aid organization working in Gaza has been clear throughout this war: Israel’s unreasonable and unnecessary restrictions on humanitarian aid have contributed to massive death and profound suffering.

    But as bad as the last year and a half has been, at least Israel let some aid through – not enough, but some.

    But what is happening now is truly unthinkable.

    Today, it is 31 days and counting with absolutely NO humanitarian aid getting into Gaza. Nothing. No food, no water, no medicine, no fuel for over a month. That is as clear a violation of the Geneva Convention, the Foreign Assistance Act, and basic human decency. It is a war crime.

    You don’t starve children. And it is pushing things toward an even deeper catastrophe.

    Earlier this week, 25 bakeries supported by the World Food Programme were forced to close because they ran out of flour and cooking gas. The UN is still trying to distribute its remaining stocks of food already in Gaza, but says that “the situation remains extremely critical since the cargo closure of the crossings almost a month ago.”

    M. President, all of this is unconscionable. What we are talking about is a mass atrocity.

    And what makes it even worse, why I am here today, and why I have introduced these resolutions that we will soon be voting on, is that we, as Americans, are deeply complicit in what is happening in Gaza.

    This is not some terrible event. This is not an earthquake in Myanmar. It’s not something that we had nothing to do with.  We are deeply complicit in all of this death and suffering.

    Last year alone, the United States provided $18 billion in military aid to Israel and delivered more than 50,000 tons of military equipment. It is American bombs and American military equipment being used to destroy Gaza, kill 50,000 people, and injure over 110,000 people.

    We cannot hide from that reality.

    M. President, if we condone the barbarism that is taking place in Gaza today, we will have no standing in the world to condemn the horrors and war crimes that other countries may commit. You’re not going to be able to look at China or Russia or Saudi Arabia or any other country. We will have no credibility.

    M. President, today is the day to stand up to barbarism in Gaza and to do our best to prevent future barbaric acts all over the world. 

    It is no secret to anyone how these U.S. weapons have been used.

    Israel has bombed indiscriminately, killing civilians, journalists, paramedics, children, and humanitarian workers in record numbers. They have used massive 2,000-pound bombs in densely-populated Gaza, despite the fact studies show that 90 percent of victims of explosive weapons used in a populated area are civilians. These bombs have a blast radius of more than 350 meters, yet Israel has dropped them into crowded apartment buildings, killing hundreds of civilians to take out a handful of Hamas fighters.

    All of that is illegal and immoral and against American law.

    The Foreign Assistance Act and the Arms Export Control Act, what we’re talking about today, are very clear: the United States cannot provide weaponry to countries that violate internationally recognized human rights or block U.S. humanitarian aid.

    According to the UN, much of the international community, and every humanitarian organization on the ground in Gaza, Israel is clearly in violation of these laws. Under these circumstances, it is illegal for the United States government to provide Israel with more offensive weaponry. It is simply against our laws.

    Despite all of that, in the last month the Trump administration has announced its intention to transfer some $12.5 billion more in offensive weapons to Netanyahu’s government, in clear violation of U.S. law.

    M. President, that is why we are here today. Joint Resolutions of Disapproval are Congress’ tool to enforce American law.

    Today, we will vote on two resolutions to block two of the most egregious of these Trump administration offensive arms sales, which would provide almost $8.8 billion more in heavy bombs and other munitions to Netanyahu, including more than 35,000 massive 2,000-pound bombs that have killed so many civilians.

    The first resolution, S.J.Res 33, would block a sale of over $2 billion for 35,000 MK 84 2,000 lb. bombs and 4,000 I-2000 Penetrator warheads.

    The second resolution, S.J.Res.26, would block almost $7 billion for 2,800 500-pound bombs, 2,100 Small Diameter Bombs, and tens of thousands of JDAM guidance kits.

    All of these systems have been linked to dozens of illegal airstrikes, including on designated humanitarian sites, resulting in thousands of civilian casualties. These strikes have been painstakingly documented by human rights monitors. There is no debate. And none of these systems are defensive, none of them are necessary to protect Israel from incoming drone or rocket attacks.

    M. President, for those of my colleagues who are ambivalent about these resolutions, let me say a word about how the Trump administration is ignoring the law in advancing these arms sales, in terms of the process. Unlike Biden, whose policies on Gaza I strongly opposed, President Trump is trying to circumvent Congress with these transfers, ignoring the Foreign Assistance Act by issuing a bogus “emergency declaration” to bypass Congressional review.

    There is no emergency to justify cutting Congress out of the process. In fact, some of the systems the Trump administration claims are part of this “emergency” sale have not yet been produced.

    This is also part of a broader Trump administration effort to cut Congress out of the arms sale process.

    M. President, it is no great secret that Congress is way out of touch with where the American people are on issue after issue. Everybody knows, Congress is way out of touch.

    The billions of dollars that we are providing to the Netanyahu extremist government is just one more example of how out of touch we are with the American people. 

    According to a recent Economist/YouGov poll in March, just 15 percent of the American people support increasing military aid to Israel, while 35 percent support decreasing military aid to Israel or stopping it entirely.

    To my Democratic colleagues, I would mention that just eight percent of Democrats support increasing military aid to Israel. 47 percent support decreasing military aid to Israel or stopping it entirely. Among Republicans, nine percent are for decreasing military aid and 15 percent are for stopping all. 

    M. President, I would ask that this poll be entered into the Congressional record. 

    And according to a J Street poll of Jewish voters in November, 62 percent of American Jews support withholding “shipments of offensive weapons like 2,000-pound bombs until Prime Minister Netanyahu agrees to an American proposal for an immediate ceasefire in Gaza in exchange for a release of Israeli hostages.” And 71 percent of Jewish voters support increasing humanitarian aid to the Palestinians.

    Finally, M. President, as unbelievably horrific as the situation in Gaza is and has been for the last year and a half, there is another development that could make it even worse.

    In recent months, President Trump and Israeli officials have openly talked about forcibly expelling the 2.2 million people who live in Gaza to make way for what Trump calls a “Riviera” – some billionaires’ playground.

    A few years ago, Trump’s son-in-law Jared Kushner said that he felt “Gaza’s waterfront property could be very valuable,” floating the idea of redeveloping it. I think that many people at the time thought that was a weird and terrible joke. But it turns out that his father-in-law Donald Trump took it seriously.

    Here’s what Trump has said, repeatedly, in recent months:

    “The U.S. will take over the Gaza Strip and we will do a job with it.”

    “We’re going to take over that piece, we’re going to develop it.”

    “I do see a long-term ownership position… Everybody I’ve spoken to loves the idea of the United States owning that piece of land.”

    I guess he didn’t speak to too many Palestinians who live on that land.

    On Truth Social, Trump wrote, “The Gaza Strip would be turned over to the United States by Israel at the conclusion of fighting.”

    And what about the Palestinians who have lived in Gaza for their entire lives?

    Trump said, “I don’t think people should be going back to Gaza.” “They live like they’re living in hell. Gaza is not a place for people to be living.”

    Gaza could become “the Riviera of the Middle East … This could be something that could be so valuable, this could be so magnificent.”

    Throw 2.2 million people who have suffered incalculably out of the land in which they live in order to create a billionaire’s playground. 

    M. President, there is a name and a term for forcibly expelling people from where they live. It is called ethnic cleansing. It is illegal. It is a war crime.

    M. President, the United States must not continue to be complicit in the destruction of the Palestinian people in Gaza. History will not forgive us for this.

    The time is long overdue for us to tell the Netanyahu government that we will not provide more weapons of destruction to them. Instead, we must demand an immediate ceasefire, a surge in humanitarian aid, the release of the hostages, and the rebuilding of Gaza for the Palestinian people.

    For all of these reasons, I urge my colleagues to vote YES on these two resolutions which would prevent illegal and immoral arms sales to Netanyahu, would uphold Congressional power and the rule of law, and would protect innocent life.

    MIL OSI USA News –

    April 4, 2025
  • MIL-OSI: Ninepoint Partners Announces Second Closing of Ninepoint 2025 Flow-Through Limited Partnership

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 03, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2025 Flow-Through Limited Partnership (the “Partnership”) has completed the second closing in connection with its offering of Class A and Class F limited partnership units (the “Units”) pursuant to a prospectus dated January 30, 2025. The Partnership raised $15,428,900 on the sale of an additional 617,156 Units for aggregate gross proceeds of $37,005,700. The Partnership will have a third and final closing in respect of the Units on or about April 30, 2025. The Units are being offered at a price per Unit of $25.00 with a minimum subscription of 100 Units ($2,500).

    The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2027 to February 28, 2027.

    Investment Objective of the Partnership
    The Partnership’s investment objective is to achieve capital appreciation and significant tax benefits for limited partners by investing in a diversified portfolio of Flow-Through Shares (as defined in the Prospectus) and other securities, if any, of Resource Issuers (as defined in the Prospectus).

    Attractive Tax-Reduction Benefits
    Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

    Resource Expertise
    The Partnership will be sub-advised by Sprott Asset Management LP (“Sprott”), one of Canada’s leading investment advisors in small and mid-cap resource companies. Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

    Portfolio manager Jason Mayer will manage the portfolio of the Partnership and will be supported by Sprott’s broader team of experienced resource investment professionals.

    Agents
    The offering is being made through a syndicate of agents led by RBC Dominion Securities Inc. which includes
    CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., Manulife Wealth Inc., iA Private Wealth Inc., Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc., Ventum Financial Corp. and Wellington-Altus Private Wealth Inc.

    About Ninepoint Partners LP
    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expects”, “intends”, “anticipates”, “will” and similar expressions to the extent that they relate to the Partnership. The forward-looking statements are not historical facts but reflect the Partnership’s, Ninepoint’s and Sprott’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Partnership, Ninepoint and Sprott believe the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the Partnership, nor Ninepoint or Sprott undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

    This offering is only made by prospectus. The Partnership’s prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above. Investors should read the prospectus before making an investment decision.

    The MIL Network –

    April 4, 2025
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