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  • MIL-OSI Economics: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure



    IMCA delegation briefs European Parliament and European Commission













    A delegation of senior IMCA representatives briefed Members of the European Parliament (MEPs) and senior representatives from the European Commission at a lunchtime briefing on the marine contracting sector’s essential role in securing critical offshore infrastructure. 

    The event, hosted by Walter Beke MEP at the end of June, continued IMCA’s ongoing work to inform elected representatives and civil servants of the offshore contracting sector’s critical role as a strategic enabler of Europe’s energy and climate ambitions. 

    The interest among EU audiences was strong, with 13 MEPs in attendance from the European Parliament’s Security, Energy, and Transport Committees, and from the Seas, Rivers, Islands & Coastal Areas (SEArica) intergroup. They were joined by two senior officials from the European Commission, and two representatives from EU member states, testament to the growing importance of this topic. 

    Submarine communication cables carry 99% of inter-continental internet traffic, while submarine electricity cables are key to energy security, connecting electricity markets and bringing offshore renewable energy to shore.  

    However, Mr Beke welcomed guests to the briefing, held under the title ‘securing critical offshore and underwater infrastructures’, by outlining the growing threat to this marine infrastructure from malicious actors. 

    In his welcome address, IMCA President Luca Gentili, from the global contractor SAIPEM, outlined the essential role of Europe’s marine contractors in delivering a “safe, more sustainable energy mix”, and pledged that IMCA “through its technical work, and as an advisor to regulators and governments” stood ready to “contribute to the security of Europe”. 

    The meeting then heard two presentations, from IMCA CEO Iain Grainger on protecting undersea infrastructure, and from IMCA Director of Strategy and Energy Transition Lee Billingham, who outlined the findings of IMCA’s recent Economic Impact Assessment, authored by PA Consulting. 

    Brussels 2025

    They were supported with insight from IMCA Vice-President Hugo Bouvy from DEME Offshore, Michel Hendriks from IMCA Board member Heerema, Jack Wattel from IMCA Board member N-Sea, and by IMCA Head of Communications Patrick Clift. 

    Iain outlined the scale of Europe’s undersea infrastructure, which includes 1,200 active oil and gas facilities, 20,000km of oil and gas pipelines, and over 10,000km of cables. The EU’s target to generate 300GW of offshore renewable energy by 2050 could necessitate the construction of an additional 20,000 wind turbines, dramatically increasing the amount of infrastructure that could be targeted by saboteurs. 

    The owners of telecoms cables have mature strategies in place to manage repairs – including through cooperative agreements such as ACMA, a non-profit cooperative subsea maintenance agreement of nearly 60 members that has three repair vessels on permanent standby in North America, the Caribbean, the North Sea, and West Africa, and MECMA, a similar body covering the Mediterranean region.  

    However, power cables are much more challenging to repair at speed, Iain said, given the absence of such ‘repair clubs’, and the additional complexity of fixing them. 

    Iain highlighted that Europe’s offshore sector had 61 vessels capable of laying and repairing cables, more than any other country or region in the world. To enable the fleet to invest and play its part in protecting undersea infrastructure, he highlighted:  

    Presenting the results of IMCA’s Economic Impact Assessment, Lee Billingham outlined that the European marine contracting industry was a world leading, highly specialised fleet of vessels that are critical to meeting Europe’s clean energy ambitions. Using the example of Dogger Bank A in the North Sea, he illustrated that it required 49 individual vessels, each including specialised workers and equipment, to install a single 1.2GW wind farm. 

    Citing data from Clarksons, he said that Europe’s fleet comprises around 3,490 vessels, 26% of the 13,372 vessels in the global fleet, and twice the percentage of the next largest regional block, China, which has 13% of the total. 

    As well as enabling the development of all offshore energy infrastructure, including carbon capture and storage, he revealed that the European marine contracting sector is expected to provide over 490,000 skilled jobs and contribute over €80bn in economic value this year, including indirect effects, in the EU, Norway, and the UK, as well as €15bn in taxes. Its wider contribution includes driving investment in port infrastructure, supporting European energy security, and facilitating international data exchange. 

    IMCA finished the meeting by delivering a call for EU institutions to:  

    Offshore sector contribution

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    MIL OSI Economics –

  • MIL-OSI Economics: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA delegation briefs European Parliament and European Commission on marine contractors’ vital role in securing critical offshore infrastructure



    IMCA delegation briefs European Parliament and European Commission













    A delegation of senior IMCA representatives briefed Members of the European Parliament (MEPs) and senior representatives from the European Commission at a lunchtime briefing on the marine contracting sector’s essential role in securing critical offshore infrastructure. 

    The event, hosted by Walter Beke MEP at the end of June, continued IMCA’s ongoing work to inform elected representatives and civil servants of the offshore contracting sector’s critical role as a strategic enabler of Europe’s energy and climate ambitions. 

    The interest among EU audiences was strong, with 13 MEPs in attendance from the European Parliament’s Security, Energy, and Transport Committees, and from the Seas, Rivers, Islands & Coastal Areas (SEArica) intergroup. They were joined by two senior officials from the European Commission, and two representatives from EU member states, testament to the growing importance of this topic. 

    Submarine communication cables carry 99% of inter-continental internet traffic, while submarine electricity cables are key to energy security, connecting electricity markets and bringing offshore renewable energy to shore.  

    However, Mr Beke welcomed guests to the briefing, held under the title ‘securing critical offshore and underwater infrastructures’, by outlining the growing threat to this marine infrastructure from malicious actors. 

    In his welcome address, IMCA President Luca Gentili, from the global contractor SAIPEM, outlined the essential role of Europe’s marine contractors in delivering a “safe, more sustainable energy mix”, and pledged that IMCA “through its technical work, and as an advisor to regulators and governments” stood ready to “contribute to the security of Europe”. 

    The meeting then heard two presentations, from IMCA CEO Iain Grainger on protecting undersea infrastructure, and from IMCA Director of Strategy and Energy Transition Lee Billingham, who outlined the findings of IMCA’s recent Economic Impact Assessment, authored by PA Consulting. 

    Brussels 2025

    They were supported with insight from IMCA Vice-President Hugo Bouvy from DEME Offshore, Michel Hendriks from IMCA Board member Heerema, Jack Wattel from IMCA Board member N-Sea, and by IMCA Head of Communications Patrick Clift. 

    Iain outlined the scale of Europe’s undersea infrastructure, which includes 1,200 active oil and gas facilities, 20,000km of oil and gas pipelines, and over 10,000km of cables. The EU’s target to generate 300GW of offshore renewable energy by 2050 could necessitate the construction of an additional 20,000 wind turbines, dramatically increasing the amount of infrastructure that could be targeted by saboteurs. 

    The owners of telecoms cables have mature strategies in place to manage repairs – including through cooperative agreements such as ACMA, a non-profit cooperative subsea maintenance agreement of nearly 60 members that has three repair vessels on permanent standby in North America, the Caribbean, the North Sea, and West Africa, and MECMA, a similar body covering the Mediterranean region.  

    However, power cables are much more challenging to repair at speed, Iain said, given the absence of such ‘repair clubs’, and the additional complexity of fixing them. 

    Iain highlighted that Europe’s offshore sector had 61 vessels capable of laying and repairing cables, more than any other country or region in the world. To enable the fleet to invest and play its part in protecting undersea infrastructure, he highlighted:  

    Presenting the results of IMCA’s Economic Impact Assessment, Lee Billingham outlined that the European marine contracting industry was a world leading, highly specialised fleet of vessels that are critical to meeting Europe’s clean energy ambitions. Using the example of Dogger Bank A in the North Sea, he illustrated that it required 49 individual vessels, each including specialised workers and equipment, to install a single 1.2GW wind farm. 

    Citing data from Clarksons, he said that Europe’s fleet comprises around 3,490 vessels, 26% of the 13,372 vessels in the global fleet, and twice the percentage of the next largest regional block, China, which has 13% of the total. 

    As well as enabling the development of all offshore energy infrastructure, including carbon capture and storage, he revealed that the European marine contracting sector is expected to provide over 490,000 skilled jobs and contribute over €80bn in economic value this year, including indirect effects, in the EU, Norway, and the UK, as well as €15bn in taxes. Its wider contribution includes driving investment in port infrastructure, supporting European energy security, and facilitating international data exchange. 

    IMCA finished the meeting by delivering a call for EU institutions to:  

    Offshore sector contribution

    Download our brochure to learn more

    We may use anonymised cookies for some functionality on this site. With your consent, we would also like to use tracking to improve our online offering. Find out more.

    Your cart has been updated

    Course type:

    Format:

    Location:

    Contact:

    Link copied to clipboard!

    MIL OSI Economics –

  • MIL-OSI Economics: New Development Bank and State Grid Brazil Holding Sign Memorandum of Understanding to Boost Brazil’s Energy Capacity

    Source: New Development Bank

    Rio de Janeiro, Brazil – On July 3, 2025, the New Development Bank (NDB) signed a Memorandum of Understanding with State Grid Brazil Holding (SGBH), with the aim of enhancing electricity transmission capacity in Brazil, to meet the immediate needs of the nation’s power sector.

    The signing of this Memorandum took place on the sidelines of NDB’s 10th Annual Meeting, held on July 4 and 5 in Rio de Janeiro.

    The project, known as the Graca Aranha Silvania Transmissora de Energia (“GATE”), will be implemented by a subsidiary of SGBH.

    The implementation of the GATE Project will address immediate needs of the electricity sector in Brazil – increasing power transmission capacity, decongesting the transmission corridor, reducing curtailment of existing renewable energy projects, and enabling investments in future wind and solar projects in the Northeast region of Brazil, and hence leading to a more diversified electricity mix in the country.

    Out of the total project capex of around BRL 18 billion, more than two-thirds will be sourced from Brazil, thereby significantly promoting economic and social development, by creating more than 10,000 employment opportunities during construction, in the Northeast (Maranhão and Tocantins) and the Center-West (Goiás) regions of the country.

    NDB is considering financing the Project in Chinese renminbi, with an estimated amount of RMB 2,150 million (approximately USD 300 million). The loan demonstrates NDB’s commitment to expanding non-sovereign operations and increasing cross-border use of its member countries’ currencies, as envisaged in NDB’s General Strategy.

    “The GATE project signifies a leap in cooperation among NDB member countries and promotes the use of local currencies. When signed, this will be our second cross-border RMB-denominated loan, which will leverage Brazil’s clean energy potential to address urgent electricity demands and benefit millions or people while generating new jobs,” said H.E. Mrs. Dilma Rousseff, President of NDB. “By expanding investments in green infrastructure, renewable energy, and sustainable development projects, the New Development Bank aims to support Brazil in achieving its climate goals.”

    This strategic partnership marks a significant step toward a more sustainable and efficient energy landscape in Brazil, aligning with NDB’s commitment to supporting development initiatives that foster economic growth and environmental sustainability.

    Since its inception in 2015, NDB has approved 29 projects in Brazil alone with USD 7 billion in approved financing. These projects are spread across several states and municipalities in Brazil, helping improve clean energy, transport, water and sanitation, and social infrastructure. NDB also has a growing portfolio of private sector loans in the country.

    Background Information

    NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

    MIL OSI Economics –

  • MIL-OSI Economics: New Development Bank and State Grid Brazil Holding Sign Memorandum of Understanding to Boost Brazil’s Energy Capacity

    Source: New Development Bank

    Rio de Janeiro, Brazil – On July 3, 2025, the New Development Bank (NDB) signed a Memorandum of Understanding with State Grid Brazil Holding (SGBH), with the aim of enhancing electricity transmission capacity in Brazil, to meet the immediate needs of the nation’s power sector.

    The signing of this Memorandum took place on the sidelines of NDB’s 10th Annual Meeting, held on July 4 and 5 in Rio de Janeiro.

    The project, known as the Graca Aranha Silvania Transmissora de Energia (“GATE”), will be implemented by a subsidiary of SGBH.

    The implementation of the GATE Project will address immediate needs of the electricity sector in Brazil – increasing power transmission capacity, decongesting the transmission corridor, reducing curtailment of existing renewable energy projects, and enabling investments in future wind and solar projects in the Northeast region of Brazil, and hence leading to a more diversified electricity mix in the country.

    Out of the total project capex of around BRL 18 billion, more than two-thirds will be sourced from Brazil, thereby significantly promoting economic and social development, by creating more than 10,000 employment opportunities during construction, in the Northeast (Maranhão and Tocantins) and the Center-West (Goiás) regions of the country.

    NDB is considering financing the Project in Chinese renminbi, with an estimated amount of RMB 2,150 million (approximately USD 300 million). The loan demonstrates NDB’s commitment to expanding non-sovereign operations and increasing cross-border use of its member countries’ currencies, as envisaged in NDB’s General Strategy.

    “The GATE project signifies a leap in cooperation among NDB member countries and promotes the use of local currencies. When signed, this will be our second cross-border RMB-denominated loan, which will leverage Brazil’s clean energy potential to address urgent electricity demands and benefit millions or people while generating new jobs,” said H.E. Mrs. Dilma Rousseff, President of NDB. “By expanding investments in green infrastructure, renewable energy, and sustainable development projects, the New Development Bank aims to support Brazil in achieving its climate goals.”

    This strategic partnership marks a significant step toward a more sustainable and efficient energy landscape in Brazil, aligning with NDB’s commitment to supporting development initiatives that foster economic growth and environmental sustainability.

    Since its inception in 2015, NDB has approved 29 projects in Brazil alone with USD 7 billion in approved financing. These projects are spread across several states and municipalities in Brazil, helping improve clean energy, transport, water and sanitation, and social infrastructure. NDB also has a growing portfolio of private sector loans in the country.

    Background Information

    NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development.

    MIL OSI Economics –

  • MIL-OSI Europe: Over €3 billion from EU emissions trading revenues to be invested in cleaner energy systems

    Source: European Union 2

    The European Commission and the European Investment Bank will jointly support 34 energy-related projects in nine EU countries. Funded by revenues from the EU Emissions Trading System, the €3.66 billion investment will help modernise energy systems in the EU to cut greenhouse gas emissions.

    MIL OSI Europe News –

  • MIL-OSI Banking: ICC announces new leadership of Global Marketing and Advertising body

    Source: International Chamber of Commerce

    Headline: ICC announces new leadership of Global Marketing and Advertising body

    Following a robust response to a call for nominations leveraging input from ICC’s global network of national committees, the commission’s new leadership has been confirmed for a three-year mandate, reflecting ICC’s commitment to expertise and effective governance.

    The new leaders are:

    Chair:

    • Alice Himsworth, Senior Counsel, Google (United Kingdom)

    Vice-Chairs:

    • Ludovic Basset, Director General, European Advertising Standards Alliance (Belgium)
    • Jeffrey A. Greenbaum, Managing Partner, Frankfurt Kurnit Klein and Selz PC (United States)
    • Alexander Montgomery, Principal Corporate Counsel, Microsoft (United States)
    • Gabriel Peeradon, Founder and Regional Managing Director, Yell International (Thailand)
    • Victoria N. Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestlé (Nigeria)

    Fayola Ferdinand, Director, Global Policy and Sustainability, Coca-Cola (United States) and Karolina Gutiez, Corporate Communications Senior Manager, Schneider Electric (Brazil) also continue in their roles as commission Vice-chairs.

    “This new team brings a wealth of experience across sectors and regions, ensuring that the commission remains at the forefront of shaping responsible marketing practices globally. We are confident that this dynamic leadership will drive ICC’s strategic priorities and further strengthen trust in marketing and advertising standards worldwide.”

    ICC Global Marketing and Advertising Commission Manager Georgiana Degeratu

    Learn more about ICC’s work marketing and advertising or how to get involved.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN Meets with the Minister of Foreign Affairs, National Community Abroad and African Affairs of Algeria

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today held a bilateral meeting with the Minister of Foreign Affairs, National Community Abroad and African Affairs of Algeria, Ahmed Attaf, on the sidelines of the 58th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings in Kuala Lumpur, Malaysia. They discussed ways to promote ASEAN-Algeria cooperation, following Algeria’s accession to the Treaty of Amity and cooperation in Southeast Asia.

    The post Secretary-General of ASEAN Meets with the Minister of Foreign Affairs, National Community Abroad and African Affairs of Algeria appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI United Nations: Aid cuts threaten to roll back progress in ending maternal mortality

    Source: United Nations MIL OSI b

    Furthermore, unprecedented aid cuts are putting global progress to end maternal deaths at risk, UN agencies have warned in a new report that calls for greater investment in midwives and other health workers.

    The Trends in maternal mortality report was published by the UN Children’s Fund (UNICEF), the World Health Organization (WHO) and UN sexual and reproductive health agency UNFPA, in observance of World Health Day on 7 April.

    It shows that maternal deaths declined by 40 per cent between 2000 and 2023, largely due to improved access to essential health services.

    However, the pace of improvement has slowed significantly since 2016, and an estimated 260,000 women died in 2023 due to complications during pregnancy and childbirth, or roughly one death every two minutes.

    Deadly peril in Sudan

    Frontline health workers have long raised alarms about the perils of giving birth in conflict settings.

    In Sudan’s Al Jazirah State, a midwife named Awatef told UNFPA that she helped four women deliver babies while fleeing violence: “I delivered them in the bush, with only very basic sterilization – I had nothing but water and soap.”

    One woman, Amina, had to give birth by Caesarean section – on the floor of a stranger’s home where a local doctor was assisting deliveries – while listening to the drum of gunfire just outside. “I had to start walking again just six hours later, carrying my baby while my wounds were still fresh and painful,” she said.

    Urgent action needed

    As aid funding cuts force countries to roll back vital services for maternal, newborn and child health, the UN agencies appeal for urgent action to prevent maternal deaths, particularly in humanitarian settings where numbers are already alarmingly high.

    “While this report shows glimmers of hope, the data also highlights how dangerous pregnancy still is in much of the world today – despite the fact that solutions exist to prevent and treat the complications that cause the vast majority of maternal deaths,” said WHO Director-General Tedros Adhanom Ghebreyesus.

    “In addition to ensuring access to quality maternity care, it will be critical to strengthen the underlying health and reproductive rights of women and girls – factors that underpin their prospects of healthy outcomes during pregnancy and beyond.”

    Pregnancy and the pandemic

    The report also provides the first global account of the coronavirus“>COVID-19 pandemic’s impact on maternal survival.

    An estimated 40,000 more women died due to pregnancy or childbirth in 2021, rising to 282,000 in 2022, and to 322,000 the following year.

    This increase was linked not only to direct complications caused by COVID-19 but also widespread interruptions to maternity services, highlighting the importance of ensuring that this care is available during pandemics and other emergencies.

    Invest in midwives

    “When a mother dies in pregnancy or childbirth, her baby’s life is also at risk. Too often, both are lost to causes we know how to prevent,” said UNICEF Executive Director Catherine Russell.

    With global funding cuts putting more mums-to-be at risk, especially in the most fragile settings, “the world must urgently invest in midwives, nurses, and community health workers to ensure every mother and baby has a chance to survive and thrive,” she added.

    Inequalities and slowdowns

    The report also highlights persistent inequalities between regions and countries, as well as uneven progress.

    With maternal mortality declining by around 40 per cent between 2000 and 2023, sub-Saharan Africa achieved significant gains. It was also among just three UN regions to see significant drops after 2015, with the others being Australia and New Zealand, and Central and Southern Asia.

    Yet, sub-Saharan Africa still accounted for approximately 70 per cent of the global burden of maternal deaths in 2023 due to high rates of poverty and multiple conflicts.

    Meanwhile, five regions saw progress stagnate after 2015: Northern Africa and Western Asia, Eastern and South-Eastern Asia, Oceania (excluding Australia and New Zealand), Europe and North America, and Latin America and the Caribbean.

    UNFPA Sudan

    A midwife visiting pregnant women in a shelter for internally displaced persons in Sudan.

    A global responsibility

    Dr. Natalia Kanem, UNFPA’s Executive Director, upheld that access to quality maternal health services is a right, not a privilege.

    She stressed the urgent responsibility to build well-resourced health systems that safeguard the lives of pregnant women and newborns.

    “By boosting supply chains, the midwifery workforce, and the disaggregated data needed to pinpoint those most at risk, we can and must end the tragedy of preventable maternal deaths and their enormous toll on families and societies,” she said.

    Childbirth in crisis settings

    The report also highlighted the plight of pregnant women living in humanitarian emergencies, who face some of the highest risks globally.  Nearly two-thirds of global maternal deaths now occur in countries affected by fragility or conflict.

    Beyond ensuring critical services during pregnancy, childbirth and the postnatal period, the report emphasized the importance of efforts to enhance women’s overall health by improving access to family planning services, as well as preventing underlying health conditions that increase risks, such as anaemia, malaria and noncommunicable diseases.

    Furthermore, it is also vital to ensure that girls stay in school, and that they and women have the knowledge and resources to protect their health.

    Source: WHO/UNICEF/UNFPA/World Bank/UN Population Division

    Maternal mortality ratio (MMR) trends by region.

    MIL OSI United Nations News –

  • MIL-OSI Analysis: The US has high hopes for a new Gaza ceasefire, but Israel’s long-term aims seem far less peaceful

    Source: The Conversation – Global Perspectives – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University

    US President Donald Trump has hosted Israeli Prime Minister Benjamin Netanyahu for dinner at the White House, where he has declared talks to end the war in Gaza are “going along very well”.

    In turn, Netanyahu revealed he has nominated Trump for the Nobel Peace Prize, saying:

    he is forging peace as we speak, in one country, in one region, after the other.

    Despite all the talk of peace, negotiations in Qatar between Israeli and Palestinian delegations have broken up without a breakthrough. The talks are expected to resume later this week.

    If an agreement is reached, it will likely be hailed as a crucial opportunity to end nearly two years of humanitarian crisis in Gaza, following the October 7 attacks in which 1,200 Israelis were killed by Hamas-led militants.

    However, there is growing scepticism about the durability of any truce. A previous ceasefire agreement reached in January led to the release of dozens of Israeli hostages and hundreds of Palestinian prisoners.

    But it collapsed by March, when Israel resumed military operations in Gaza.

    This breakdown in trust on both sides, combined with ongoing Israeli military operations and political instability, suggests the new deal may prove to be another temporary pause rather than a lasting resolution.

    Details of the deal

    The proposed agreement outlines a 60-day ceasefire aimed at de-escalating hostilities in Gaza and creating space for negotiations toward a more lasting resolution.

    Hamas would release ten surviving Israeli hostages and return the remains of 18 others. In exchange, Israel is expected to withdraw its military forces to a designated buffer zone along Gaza’s borders with both Israel and Egypt.

    The agreement being thrashed out in Doha includes the release of Israeli hostages, held in Gaza for the past 22 months.
    Anas-Mohammed/Shutterstock

    While the specific terms of a prisoner exchange remain under negotiation, the release of Palestinian detainees held in Israeli prisons is a central component of the proposal.

    Humanitarian aid is also a key focus of the agreement. Relief would be delivered through international organisations, primarily UN agencies and the Palestinian Red Crescent.

    However, the agreement does not specify the future role of the US-backed Gaza Humanitarian Fund, which has been distributing food aid since May.

    The urgency of humanitarian access is underscored by the scale of destruction in Gaza. According to Gaza’s Health Ministry, Israel’s military campaign has killed more than 57,000 Palestinians. The offensive has triggered a hunger crisis, displaced much of the population internally, and left vast areas of the territory in ruins.

    Crucially, the agreement does not represent an end to the war, one of Hamas’s core demands. Instead, it commits both sides to continue negotiations throughout the 60-day period, with the hope of reaching a more durable and comprehensive ceasefire.

    Obstacles to a lasting peace

    Despite the apparent opportunity to reach a final ceasefire, especially after Israel has inflicted severe damage on Hamas, Netanyahu’s government appears reluctant to fully end the military campaign.

    There is scepticism a temporary ceasefire would lead to permanent peace.
    Anas-Mohammed/Shutterstock

    A central reason is political: Netanyahu’s ruling coalition heavily relies on far-right parties that insist on continuing the war. Any serious attempt at a ceasefire could lead to the collapse of his government.

    Militarily, Israel has achieved several of its tactical objectives.

    It has significantly weakened Hamas and other Palestinian factions and caused widespread devastation across Gaza. This is alongside the mass arrests, home demolitions, and killing of hundreds of Palestinians in the West Bank.

    And it has forced Hezbollah in Lebanon to scale back its operations after sustaining major losses.

    Perhaps most notably, Israel struck deep into Iran’s military infrastructure, killing dozens of high-ranking commanders and damaging its missile and nuclear capabilities.

    Reshaping the map

    Yet Netanyahu’s ambitions may go beyond tactical victories. There are signs he is aiming for two broader strategic outcomes.

    First, by making Gaza increasingly uninhabitable, his government could push Palestinians to flee. This would effectively pave the way for Israel to annex the territory in the long term – a scenario advocated by many of his far-right allies.

    Speaking at the White House, Netanyahu says he is working with the US on finding countries that will take Palestinians from Gaza:

    if people want to stay, they can stay, but if they want to leave, they should be able to leave.

    Second, prolonging the war allows Netanyahu to delay his ongoing corruption trial and extend his political survival.

    True intentions

    At the heart of the impasse is the far-right’s vision for total Palestinian defeat, with no concession and no recognition of a future Palestinian state. This ideology has consistently blocked peace efforts for three decades.

    Israeli leaders have repeatedly described any potential Palestinian entity as “less than a state” or a “state-minus”, a formulation that falls short of Palestinian aspirations and international legal standards.

    Today, even that limited vision appears to be off the table, as Israeli policy moves towards complete rejection of Palestinian statehood.

    With Palestinian resistance movements significantly weakened and no immediate threat facing Israel, this moment presents a crucial test of Israel’s intentions.

    Is Israel genuinely pursuing peace, or seeking to cement its dominance in the region while permanently denying Palestinians their right to statehood?

    Following its military successes and the normalisation of relations with several Arab states under the Abraham Accords, Israeli political discourse has grown increasingly bold.

    Some voices in the Israeli establishment are openly advocating for the permanent displacement of Palestinians to neighbouring Arab countries such as Jordan, Egypt and Saudi Arabia. This would effectively erase the prospect of a future Palestinian state.

    This suggests that for certain factions within Israel, the end goal is not a negotiated settlement, but a one-sided resolution that reshapes the map and the people of the region on Israel’s terms.

    The coming weeks will reveal whether Israel chooses the path of compromise and coexistence, or continues down a road that forecloses the possibility of lasting peace.

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

    – ref. The US has high hopes for a new Gaza ceasefire, but Israel’s long-term aims seem far less peaceful – https://theconversation.com/the-us-has-high-hopes-for-a-new-gaza-ceasefire-but-israels-long-term-aims-seem-far-less-peaceful-260286

    MIL OSI Analysis –

  • MIL-OSI: SEC, Quidax Bring Together Top Banks, Asset Managers to Drive Digital Assets Adoption in Nigeria

    Source: GlobeNewswire (MIL-OSI)

    L-R: Anya Edmund Duroha Chairman, African Founders Launchpad; Buchi Okoro, Co-founder and Chief Executive Officer of Quidax; Pascal Maguire, Sales Director for Africa at Fireblocks; Ajibade Laolu Adewale, Chairman of the Committee of E-Business Heads in Nigerian Banks and Chief Partnership Officer at Wema Bank; Ugodre Obi-Chukwu, Founder and CEO at Nairametrics; Abdulrasheed Dan Abu, Head of FinTech and Innovation at the Securities and Exchange Commission (SEC).

    LAGOS, Nigeria, July 08, 2025 (GLOBE NEWSWIRE) — The Securities and Exchange Commission (SEC) Nigeria, in collaboration with leading digital assets exchange Quidax, hosted an educational series aimed at equipping Nigerian finance professionals with the knowledge and tools needed to navigate the evolving digital assets ecosystem.

    The exclusive two-day event, held at the prestigious Capital Club in Victoria Island, Lagos, convened representatives from commercial banks, asset management firms, pension fund administrators, and securities traders. Some of the participants at the event were from Zenith Bank, ARM, Investment One, FBNQuest, Interswitch, Ecobank, Africa Prudential, Meristem, Wema Bank, Capitafield, Sterling Bank, and several other companies.

    Driving Adoption Through Education and Regulation

    Speaking at the event, Abdulrasheed Dan Abu, Head of FinTech and Innovation at the Securities and Exchange Commission, underscored the programme’s significance. He stated that the initiative reflects the commission’s statutory responsibility not only to regulate the capital market but also to actively develop it.

    Dan Abu emphasized the integral role of traditional financial institutions in the growth of the digital asset ecosystem. “The banks hold fiat currency. If they don’t understand what is going on, it creates a disconnect in the value chain. The more banks that understand digital assets, the better the playing field for users,” he explained.

    This educational series builds on a series of significant regulatory milestones in Nigeria’s digital finance space. On 29 March 2025, President Bola Tinubu signed into law the Investments and Securities Act (ISA) 2025, which formally classifies cryptocurrencies and other virtual assets as securities, thereby placing them under the SEC’s purview. Prior to this, in June 2024, the commission issued rules for Virtual Asset Service Providers, providing crucial regulatory backing to exchanges and other entities operating in the space.

    Quidax’s Pan-African Mission and the Importance of Collaboration

    Buchi Okoro, Co-founder and Chief Executive Officer of Quidax, highlighted the event’s core purpose: supporting adoption by educating both beginners and advanced participants within the financial industry. “Adoption starts with education. This session caters to people at different knowledge levels, from total beginners to those who have conducted blockchain pilots,” he said.

    Okoro reiterated Quidax’s ambitious Pan-African mission, noting that the exchange already operates in nine countries and plans to expand to all 54 African nations. “We’re solving African problems for Africans, and this event partnership with the SEC helps us do that within regulatory guardrails,” he added.

    Industry Leaders Endorse the Initiative

    The event garnered strong support from other key industry players, reinforcing the collaborative spirit essential for digital asset integration.

    Pascal Maguire, Sales Director for Africa at Fireblocks, stressed the need for such forums: “We need more finance and payments experts and decision makers to attend such forums as this enables them to see that they have trusted partners in firms like Quidax, Fireblocks, and the SEC who can both educate them and guide them on their adoption and innovation journey.”

    Ajibade Laolu Adewale, Chairman of the Committee of E-Business Heads in Nigerian Banks and Chief Partnership Officer at Wema Bank, a panelist at the event, highlighted the pressing need for digital assets due to inefficiencies in traditional banking. “Today, moving money internationally still takes days and depends on informal channels. With blockchain, you can transfer value instantly and securely,” he stated.

    Attendees also expressed their positive reception. Sunday Joseph Olaniyan, Head of E-Business at Sun Trust Bank, remarked, “Events like these bring such awareness even closer to us as institutions here in Nigeria and presents us with the opportunity to not be left out of this wave of change. People like myself who have been aware of digital assets are now even more sensitized to the global trend and I sure do not want to be left behind at all.”

    Adding to the sentiment, Bukola James-Cole, Director of Capital Market at Africa Prudential PLC, spoke about the natural evolution of money. She emphasized, “Whether we like it or not it will happen so the earlier we start getting educated about digital assets the better for the industry.”

    About Quidax

    Quidax is an African-founded cryptocurrency exchange that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies. Quidax additionally enables OTC trading and gives fintechs the tools to offer cryptocurrency services to customers through a dedicated crypto API.

    Quidax was officially launched in 2018 and has customers in over 70 countries.

    Contact:
    Pearl
    pearl@quidax.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ea4400e-9377-4b98-b4be-b7fb6531a1d5

    The MIL Network –

  • MIL-OSI: Hanmi Financial Corporation Announces Second Quarter 2025 Earnings and Conference Call Date

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 08, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report second quarter 2025 financial results after the market close on Tuesday, July 22, 2025. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.

    Investment professionals and all current and prospective shareholders are invited to access the live call on July 22 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code “Hanmi Bank”. To listen to the call online visit the investor relations page of Hanmi’s website at www.hanmi.com. The webcast will also be available for replay approximately one hour following the call.

    About Hanmi Financial Corporation
    Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

    Contact
    Romolo (Ron) Santarosa
    Senior Executive Vice President & Chief Financial Officer
    213-427-5636

    Lisa Fortuna
    Investor Relations
    Financial Profiles, Inc.
    310-622-8251

    Source: Hanmi Bank

    The MIL Network –

  • MIL-OSI: Hanmi Financial Corporation Announces Second Quarter 2025 Earnings and Conference Call Date

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 08, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report second quarter 2025 financial results after the market close on Tuesday, July 22, 2025. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.

    Investment professionals and all current and prospective shareholders are invited to access the live call on July 22 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code “Hanmi Bank”. To listen to the call online visit the investor relations page of Hanmi’s website at www.hanmi.com. The webcast will also be available for replay approximately one hour following the call.

    About Hanmi Financial Corporation
    Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

    Contact
    Romolo (Ron) Santarosa
    Senior Executive Vice President & Chief Financial Officer
    213-427-5636

    Lisa Fortuna
    Investor Relations
    Financial Profiles, Inc.
    310-622-8251

    Source: Hanmi Bank

    The MIL Network –

  • MIL-OSI: AAC Clyde Space to Present at the AI & Technology Virtual Investor Conference July 10th

    Source: GlobeNewswire (MIL-OSI)

    UPPSALA, Sweden, July 08, 2025 (GLOBE NEWSWIRE) — AAC Clyde Space (OTC: ACCMF), based in Uppsala, Sweden, focused on small satellite technologies and services that help governments, businesses and institutions access high-quality data from space, today announced that Luis Gomes, CEO, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 10, 2025.

    DATE: July 10th
    TIME: 10:30 AM ET
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at virtualinvestorconferences.com.

    Recent Company Highlights

    • 30 June: AAC Clyde Space has resolved to carry out a directed share issue amounting to approximately SEK 64.5 million
    • 18 June: AAC Clyde Space wins strategic order for first phase of ESA-backed satellite swarm mission
    • 23 May: Major General Lars-Olof Corneliusson elected to the Board of Directors of AAC Clyde Space

    About AAC Clyde Space
    AAC Clyde Space provides small satellite technologies and services that help governments, businesses and institutions access high-quality data from space. Covering satellite components, mission services and space-based data delivery, the company offers end-to-end solutions that turn space-based intelligence into real-world impact. Applications include weather monitoring, maritime safety, security and defence, agriculture and forestry.
    AAC Clyde Space is headquartered in Uppsala, Sweden, with main operations also in the UK, Netherlands, South Africa and the USA. The company’s shares are traded on Nasdaq First North Premier Growth Market in Stockholm (Ticker: AAC) and on the US OTCQX Market (Symbol: ACCMF). The Company’s Certified Adviser is DNB Carnegie Investment Bank AB.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    AAC Clyde Space
    Håkan Tribell
    Director of Communications
    +46 707 230 382
    investor@aac-clydespace.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: AAC Clyde Space to Present at the AI & Technology Virtual Investor Conference July 10th

    Source: GlobeNewswire (MIL-OSI)

    UPPSALA, Sweden, July 08, 2025 (GLOBE NEWSWIRE) — AAC Clyde Space (OTC: ACCMF), based in Uppsala, Sweden, focused on small satellite technologies and services that help governments, businesses and institutions access high-quality data from space, today announced that Luis Gomes, CEO, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 10, 2025.

    DATE: July 10th
    TIME: 10:30 AM ET
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at virtualinvestorconferences.com.

    Recent Company Highlights

    • 30 June: AAC Clyde Space has resolved to carry out a directed share issue amounting to approximately SEK 64.5 million
    • 18 June: AAC Clyde Space wins strategic order for first phase of ESA-backed satellite swarm mission
    • 23 May: Major General Lars-Olof Corneliusson elected to the Board of Directors of AAC Clyde Space

    About AAC Clyde Space
    AAC Clyde Space provides small satellite technologies and services that help governments, businesses and institutions access high-quality data from space. Covering satellite components, mission services and space-based data delivery, the company offers end-to-end solutions that turn space-based intelligence into real-world impact. Applications include weather monitoring, maritime safety, security and defence, agriculture and forestry.
    AAC Clyde Space is headquartered in Uppsala, Sweden, with main operations also in the UK, Netherlands, South Africa and the USA. The company’s shares are traded on Nasdaq First North Premier Growth Market in Stockholm (Ticker: AAC) and on the US OTCQX Market (Symbol: ACCMF). The Company’s Certified Adviser is DNB Carnegie Investment Bank AB.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    AAC Clyde Space
    Håkan Tribell
    Director of Communications
    +46 707 230 382
    investor@aac-clydespace.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI Africa: Malawi’s Mining Minister to Speak at African Mining Week (AMW) as Global Investor Interest in Country Surges

    Source: APO – Report:

    .

    Malawi’s Minister of Mining, Ken Zikhale Reeves Ng’oma, has confirmed his participation as a speaker at the upcoming African Mining Week (AMW) 2025, Africa’s premier gathering for mining stakeholders. Minister Ng’oma will feature in the Ministerial Forum, showcasing policy frameworks and investment incentives aimed at accelerating mineral exploration, production and beneficiation in Malawi and across the continent.

    Malawi – under the leadership of Minister Ng’oma – is attracting attention from major investors targeting its rare earths, uranium, titanium, graphite and downstream value chains. In June, Minister Ng’oma signed a $7 billion deal with China’s Hunan Sunwalk, marking the largest-ever foreign investment in the country’s mining sector. The deal covers the development of titanium extraction and processing facilities in Salima, alongside major commitments to skills development, technology transfer and community investment. The country also secured $5 billion at China’s Xidian International Stock Exchange to develop a Special Economic Zone in Chipoka. Up to $1 billion worth of mining, infrastructure and agri-industrial projects will be deployed within the first year as part of the deal. The China-Africa Cooperation on Critical Minerals Roundtable at AMW provides an ideal platform for Minister Ng’oma to forge new investment partnerships with Chinese investors.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    In addition to Chinese investors, major financial institutions across the globe are also supporting cornerstone projects. Malawi’s Ecobank has proposed a $30 million loan, the European Investment Bank a $40 million facility and Gerald Group a $50 million loan to fund the Kangankunde Rare Earths Project. Operated by Australia’s Lindian Resources, the project will be one of the world’s largest rare earths production facilities once operational in 2026.

    In the uranium sector, Lotus Resources secured $38.5 million from South African banks First Capital Bank and Standard Bank to advance the Kayelekera Uranium Project, with first production scheduled for Q3 2025. Additionally, Sovereign Metals raised $40 million in March to support the Kasiya Rutile-Graphite Project, home to the world’s largest known rutile deposit and second-largest graphite reserve. With projected annual outputs of 245,000 tons of rutile and 288,000 tons of graphite over 25 years, the project will position Malawi as a major player in global critical minerals supply.

    Amid this surge in investment, Malawi’s mining sector has the potential to generate up to $30 billion in mineral exports between 2026 and 2040. Against this backdrop, AMW 2025 provides a timely platform for Minister Ng’oma to engage global investors, spotlight Malawi’s growing mining sector and drive new partnerships. Held under the theme From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth, AMW will feature high-level panel discussions and strategic project showcases amplifying Malawi’s role in the continent’s mining future.

    – on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI Africa: Securities and Exchange Commission (SEC), Quidax Bring Together Top Banks, Asset Managers to Drive Digital Assets Adoption in Nigeria

    Source: APO – Report:

    The Securities and Exchange Commission (SEC) Nigeria, in collaboration with leading digital assets exchange Quidax (www.Quidax.io), hosted an educational series aimed at equipping Nigerian finance professionals with the knowledge and tools needed to navigate the evolving digital assets ecosystem.

    The exclusive two-day event, held at the prestigious Capital Club in Victoria Island, Lagos, convened representatives from commercial banks, asset management firms, pension fund administrators, and securities traders. Some of the participants at the event were from Zenith Bank, ARM, Investment One, FBNQuest, Interswitch, Ecobank, Africa Prudential, Meristem, Wema Bank, Capitafield, Sterling Bank, and several other companies.

    Driving Adoption Through Education and Regulation

    Speaking at the event, Abdulrasheed Dan Abu, Head of FinTech and Innovation at the Securities and Exchange Commission, underscored the programme’s significance. He stated that the initiative reflects the commission’s statutory responsibility not only to regulate the capital market but also to actively develop it.

    Dan Abu emphasized the integral role of traditional financial institutions in the growth of the digital asset ecosystem. “The banks hold fiat currency. If they don’t understand what is going on, it creates a disconnect in the value chain. The more banks that understand digital assets, the better the playing field for users,” he explained.

    This educational series builds on a series of significant regulatory milestones in Nigeria’s digital finance space. On 29 March 2025, President Bola Tinubu signed into law the Investments and Securities Act (ISA) 2025, which formally classifies cryptocurrencies and other virtual assets as securities, thereby placing them under the SEC’s purview. Prior to this, in June 2024, the commission issued rules for Virtual Asset Service Providers, providing crucial regulatory backing to exchanges and other entities operating in the space.

    Quidax’s Pan-African Mission and the Importance of Collaboration

    Buchi Okoro, Co-founder and Chief Executive Officer of Quidax, highlighted the event’s core purpose: supporting adoption by educating both beginners and advanced participants within the financial industry. “Adoption starts with education. This session caters to people at different knowledge levels, from total beginners to those who have conducted blockchain pilots,” he said.

    Okoro reiterated Quidax’s ambitious Pan-African mission, noting that the exchange already operates in nine countries and plans to expand to all 54 African nations. “We’re solving African problems for Africans, and this event partnership with the SEC helps us do that within regulatory guardrails,” he added.

    Industry Leaders Endorse the Initiative

    The event garnered strong support from other key industry players, reinforcing the collaborative spirit essential for digital asset integration.

    Pascal Maguire, Sales Director for Africa at Fireblocks, stressed the need for such forums: “We need more finance and payments experts and decision makers to attend such forums as this enables them to see that they have trusted partners in firms like Quidax, Fireblocks, and the SEC who can both educate them and guide them on their adoption and innovation journey.”

    Ajibade Laolu Adewale, Chairman of the Committee of E-Business Heads in Nigerian Banks and Chief Partnership Officer at Wema Bank, a panelist at the event, highlighted the pressing need for digital assets due to inefficiencies in traditional banking. “Today, moving money internationally still takes days and depends on informal channels. With blockchain, you can transfer value instantly and securely,” he stated.

    Attendees also expressed their positive reception. Sunday Joseph Olaniyan, Head of E-Business at Sun Trust Bank, remarked, “Events like these bring such awareness even closer to us as institutions here in Nigeria and presents us with the opportunity to not be left out of this wave of change. People like myself who have been aware of digital assets are now even more sensitized to the global trend and I sure do not want to be left behind at all.”

    Adding to the sentiment, Bukola James-Cole, Director of Capital Market at Africa Prudential PLC, spoke about the natural evolution of money. She emphasized, “Whether we like it or not it will happen so the earlier we start getting educated about digital assets the better for the industry.”

    – on behalf of Quidax.

    About Quidax:
    Quidax is an African-founded cryptocurrency exchange (https://apo-opa.co/3TvxUhk) that makes it easy for anyone to buy, sell, store and transfer cryptocurrencies. Quidax additionally enables OTC trading (https://apo-opa.co/3IiELby) and gives fintechs the tools to offer cryptocurrency services to customers through a dedicated crypto API.

    Quidax was officially launched in 2018 and has customers in over 70 countries.

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Banking: Geoeconomic Fragmentation: Implications for Ireland

    Source: International Monetary Fund

    Summary

    Ireland’s economy is deeply connected to the global trade network and relies on foreign direct investment (FDI), notably from the US. This paper presents a framework to estimate the impact of geo-economic fragmentation through three channels: (1) supply chain disruptions, (2) trade distortions resulting from tariff increases, and (3) FDI relocation, including driven by tax policy changes. Our findings suggest that while the impact of supply disruptions and higher tariffs would be relatively contained under moderate shock assumptions, potential FDI relocations would be associated with a sizeable loss of value added but more limited impact on the indigenous economy.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Benchmarking Public Spending Efficiency in Education, Health, and Infrastructure in Ireland

    Source: International Monetary Fund

    Preview Citation

    Format: Chicago

    Yen N Mooi. “Benchmarking Public Spending Efficiency in Education, Health, and Infrastructure in Ireland”, Selected Issues Papers 2025, 090 (2025), accessed July 8, 2025, https://doi.org/10.5089/9798229016872.018

    Export Citation

    • ProCite
    • RefWorks
    • Reference Manager

    • BibTex
    • Zotero

    Summary

    The paper benchmarks Ireland’s public spending efficiency to peer countries in infrastructure, health, and education using a variety of indicators and maps the efficiency frontiers in these sectors using the Data Envelopment Analysis (DEA) method. It finds that while Ireland is at the efficiency frontier for education spending, there is room for potential gains in public spending efficiency on health and infrastructure. Achieving these gains could create further fiscal space to improve Ireland’s buffers for shocks in an environment of heightened global uncertainty and structural shifts.

    Subject: Capital spending, Current spending, Education, Education spending, Expenditure, Expenditure efficiency, Health, Health care, Health care spending, Infrastructure, National accounts

    Keywords: Capital spending, Current spending, Data Envelopment Analysis, Education spending, Expenditure efficiency, General government spending, Health care, Health care spending, Infrastructure, Public Spending Efficiency, Total expenditures

    Publication Details

    MIL OSI Global Banks –

  • MIL-OSI Europe: The EBA launches consultation on its draft Guidelines on third-party risk management with regard to non-ICT related services

    Source: European Banking Authority

    The European Banking Authority (EBA) today launched a public consultation on the draft Guidelines on the sound management of third-party risk. The draft Guidelines focus on third-party arrangements in relation to non-ICT related services provided by third-party service providers and their subcontractors with a particular focus on the provision of critical or important functions. These Guidelines revise and update the previous EBA Guidelines on outsourcing, published in 2019, in line with the Digital Operational Resilience Act (DORA). The consultation runs until 8 October 2025.

    The draft Guidelines specify the steps to be taken by financial entities for the life cycle of third-party arrangements (i.e. risk assessment, due diligence, contractual phase, sub-contracting, monitoring, exit strategies and termination processes) to ensure consistency with the requirements under the DORA framework to the extent possible. The draft Guidelines provide specific criteria for the application of the proportionality principle.

    In addition, the draft Guidelines ensure consistency with the DORA register by allowing financial institutions to store consistent information for both ICT and non-ICT services, including the possibility of using one single register. Taking into account the application of proportionality, the level of information to be documented has been limited to reduce the burden on both financial entities and competent authorities.

    To ensure a smooth and efficient transition, financial entities falling under the scope of the updated Guidelines have a transitional period of two years to review and amend their existing third-party arrangements (TPA) and to update the register for non-ICT TPA.

    Consultation process

    Comments to the consultation paper can be sent by clicking on the “send your comments” button on the EBA’s consultation page. The deadline for the submission of comments is 8 October 2025.

    The EBA will hold a virtual public hearing on 5 September from 09:00 to 13:00 – Paris time. The EBA invites interested stakeholders to register using this link by 1 September (16:00 CEST). The dial-in details will be communicated to those who have registered for the meeting.

    All contributions received will be published following the end of the consultation, unless requested otherwise.

    Legal basis

    The draft Guidelines have been developed in accordance with Article 74 of Directive 2013/36/EU which mandates the EBA to further harmonise institutions’ governance arrangements, processes and mechanisms across the EU. Article 11 of Directive (EU) 2015/2366/EU (PSD2), Article 26 of Directive 2019/2034/EU (IFD), Article 16 of Directive (EU) 2014/65 (MiFID II), Article 34 of Regulation (EU) 2023/1114 (MiCAR) and Article 16 of Regulation (EU) No 1093/2010 have also been taken into account.

    MIL OSI Europe News –

  • MIL-OSI: Lucinity Achieves Microsoft Certified Software for Financial AI

    Source: GlobeNewswire (MIL-OSI)

    REYKJAVIK, Iceland, July 08, 2025 (GLOBE NEWSWIRE) — Lucinity, a leading provider of anti-financial crime software, announced today that its platform is now officially recognized as Microsoft Certified Software for Financial AI. This certification confirms that Lucinity meets Microsoft’s rigorous requirements for technical quality, security, and interoperability within the Azure ecosystem.

    The Microsoft certification process evaluated Lucinity’s architecture, security model, and interoperability. Lucinity’s infrastructure follows Azure’s best practices, ensuring that customer data is always accessed and processed through secure, access-controlled pathways. Interoperability with Microsoft environments enables institutions to easily connect existing systems and tools—such data sources or analytics platforms—with Lucinity’s software, removing integration barriers and accelerating time to value.

    “This certification reflects our commitment to helping financial institutions fight financial crime with trusted, innovative AI,” said Guðmundur Kristjánsson (GK), founder and CEO of Lucinity. “Built on Microsoft Azure, our platform has been tested, certified, and proven to meet the high standards expected by the world’s leading banks. This certification gives our customers confidence that Lucinity is secure, scalable, and ready to integrate seamlessly into their existing infrastructure.”

    Lucinity provides a complete FinCrime operating system that combines intelligent automation with core compliance capabilities. The platform includes Case Manager for unified alert and investigation workflows, Transaction Monitoring with configurable scenario detection, Customer 360 for enriched intelligence, Regulatory Reporting for efficient SAR filing, and the Luci AI Agent.

    The Luci AI Agent leverages Azure’s advanced Large Language Models in a multi-LLM framework to deliver explainable, audit-ready automation. Its AI skills—such as case summarization, money flow analysis, and adverse media search—can be easily configured via the no-code Luci Studio. These capabilities are also accessible through the Luci AI Agent plugin, which brings AI directly into familiar enterprise tools like Excel, CRM systems, and case managers without the need for complex integrations. Together, these components provide a seamless, scalable infrastructure for fighting financial crime with speed, accuracy, and confidence.

    Lucinity is also available through the Microsoft Azure Marketplace, allowing financial institutions to purchase and deploy the platform using existing cloud commitments while streamlining procurement. A recent deployment through the Marketplace with a global financial services provider—specializing in cross-border payments for millions of businesses—demonstrates Lucinity’s enterprise-ready architecture.

    With this certification, Lucinity reinforces its position as a trusted partner for financial institutions seeking intelligent, interoperable, and secure AI solutions for fighting financial crime.

    About Lucinity

    Lucinity is a Reykjavík-based software company founded in 2018. It helps banks, fintechs, and payment companies fight financial crime with greater speed and efficiency. Lucinity’s FinCrime operating system includes Case Manager, Customer 360, Transaction Monitoring, Regulatory Reporting, and the AI Agent Luci—working together to reduce investigation time from hours to minutes.

    The platform is user-friendly, configurable, and self-serve, helping compliance teams improve productivity, cut costs, and make auditable, explainable decisions. Lucinity’s customers include Visa, Trustly, Tandem Bank, Finshark, and Arion Bank. Lucinity also invests in AI innovation through Lucinity Labs, which holds patents in federated learning and PII encryption.

    Contact
    celina@lucinity.com

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Advances Toward Market Launch with Strategic Exchange and Rollback Update

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, July 08, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a next-generation blockchain project focused on speed, decentralization, and mobile accessibility, has announced its confirmed listing on global cryptocurrency exchange LBank. To mark this milestone, the project has launched a limited-time rollback event, temporarily reducing the token price to $5, significantly below its final listing price of $20.

    As digital asset adoption continues to accelerate globally, Bitcoin Solaris is gaining traction for its performance-driven architecture and mobile-first approach. With its dual-consensus framework and high-speed transaction capabilities, BTC-S is positioning itself as a user-centric platform designed to support the next wave of scalable blockchain innovation.

    Bitcoin Solaris: The Tech and the Mission

    Bitcoin Solaris positions itself as a forward-compatible evolution of Bitcoin’s original principles. It introduces a powerful dual-consensus structure combining Proof-of-Work and delegated proof-of-stake, delivering decentralized security and lightning-speed transaction finality. While Bitcoin takes minutes to settle, BTC-S hits confirmation in just 2 seconds with over 10,000 TPS achieved in testing. That’s not a theory; it’s already running.

    Its architecture is built on two layers:

    • The Base Layer, secured by traditional mining for decentralization.
    • The Solaris Layer, optimized with fast block production and validator rotation.

    This design ensures resilience during high load periods and keeps energy use 99.95 percent lower than Bitcoin.

    Additional highlights:

    • Cross-chain bridge infrastructure in development.
    • Smart contract compatibility enabling future DeFi tools.
    • Adaptive mobile mining logic integrated into the upcoming Solaris Nova app.

    These are not buzzwords. They are features shaping a scalable, user-first financial layer that aims to outperform legacy networks.

    Mobile Mining: Wealth in Your Pocket

    What makes Bitcoin Solaris radically different is how it brings mining to the people. With the upcoming Solaris Nova app, users will be able to mine directly from their smartphones using optimized, battery-safe processes. You can track your projected profits through the Solaris mining calculator and see how much power you’re stacking without expensive hardware.

    This concept changes the game:

    • No rigs required.
    • No massive electricity bills.
    • No technical knowledge barrier.

    It opens up digital wealth building to over 3 billion smartphone users.

    Community, Validation, and Real Influencer Buzz

    With more than 13,900 unique users already involved and over $6.3 million raised, Bitcoin Solaris is proving it isn’t just hype. Detailed reviews from major influencers add to the excitement:

    • Token Galaxy breaks down how BTC-S delivers utility that aligns with mobile-first scalability.
    • Crypto Show dives into the performance benchmarks and community potential.

    There’s also growing buzz on social platforms like Telegram and X, where early adopters are rallying around the project. And let’s not forget the security angle. Bitcoin Solaris is fully audited by Cyberscope and Freshcoins, delivering peace of mind to even the most cautious investors.

    Say Goodbye to Slow Chains BTC-S Moves at 10,000 TPS

    The Presale: Rollback, Rewards, and Rare Timing

    BTC-S is currently in phase 11 of its presale at a price of $11 per token, with a confirmed launch price of $20. That’s a 150 percent return for those who act now. But what’s driving the real excitement is the new Rollback Event. For a limited time only, Bitcoin Solaris has slashed the price down to $5, creating what many are calling the final entry opportunity before the big run.

    This isn’t marketing fluff. The numbers are there:

    To receive your tokens on launch day, Bitcoin Solaris recommends using Trust Wallet or Metamask for seamless delivery.

    It’s also worth noting that this might be the shortest explosive presale we’ve seen in the 2024-2025 cycle.

    A Strategic Future with Flexible Architecture

    Bitcoin Solaris isn’t just racing for attention. It’s building a long-term foundation with cutting-edge mechanics that include:

    • Validator rotation for enhanced decentralization.
    • 2-second finality combined with smart contract triggers.
    • Cross-chain bridges enabling asset transfers across ecosystems.

    With bitcoinsolaris.com becoming a hub for updates and new development rollouts, BTC-S is rapidly positioning itself as more than just a coin. It’s a decentralized operating layer built for today’s pace.

    Final Verdict

    The market is shifting. The real innovation is happening with projects like Bitcoin Solaris. With fast finality, real-world mobile mining, and a limited-time rollback opportunity, BTC-S is capturing both the technical edge and community momentum.

    Early investors are not just betting on a coin. They’re backing a smarter system designed for performance, accessibility, and long-term growth. While others speculate on the next bull cycle, Bitcoin Solaris is building it.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
     Telegram: https://t.me/Bitcoinsolaris
     X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f5f00294-eeff-472b-a624-c3c4c3ab577d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/68c308e9-82fe-477c-bcd8-4da7f147da55

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a3158611-efd9-40d4-82ba-255efbc58e2b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8c80667e-f243-4b18-ab06-fd66527085ed

    The MIL Network –

  • MIL-OSI: HBT Financial, Inc. to Announce Second Quarter 2025 Financial Results on July 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    BLOOMINGTON, Ill., July 08, 2025 (GLOBE NEWSWIRE) — HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”), the holding company for Heartland Bank and Trust Company, today announced that it will issue its second quarter 2025 financial results before the market opens on Monday, July 21, 2025. A copy of the press release announcing the second quarter 2025 financial results and an investor presentation will be made available on the Company’s investor relations website at https://ir.hbtfinancial.com.

    About HBT Financial, Inc.

    HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, and has banking roots that can be traced back to 1920. HBT Financial provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and eastern Iowa through 66 full-service branches. As of March 31, 2025, HBT Financial had total assets of $5.1 billion, total loans of $3.5 billion, and total deposits of $4.4 billion.

    CONTACT:
    Peter Chapman
    HBTIR@hbtbank.com
    (309) 664-4556

    The MIL Network –

  • MIL-OSI: Sergei Guriev, Dean of London Business School, Joins the Group of Thirty

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON and LONDON, July 08, 2025 (GLOBE NEWSWIRE) — London Business School is pleased to announce that Professor Sergei Guriev, the School’s Dean, has joined The Group of Thirty (G30).

    Sergei Guriev brings a unique breadth of expertise, in areas ranging from corporate governance and contract theory to political economics, labor mobility, and the economics of development and transition. He is currently Dean of London Business School, Research Fellow at the Centre for Economic Policy Research, Senior Member of the Institut Universitaire de France, and a Global Member of the Trilateral Commission. Guriev previously served as Professor of Economics and Provost at Sciences Po, Paris and Chief Economist at the European Bank for Reconstruction and Development. He was earlier Rector of the New Economic School in Moscow from 2004-2013, and served on various Russian councils including the Commission on Open Government.

    The Group of Thirty, founded in 1978, is an independent global body comprised of economic and financial leaders from the public and private sectors and academia. It aims to deepen understanding of economic and financial issues, and of the international repercussions of decisions taken in the public and private sectors. Members participate in the Group in their personal capacities, not on behalf of any organization, public or private, to which they may be affiliated. A full list of current G30 members is available at http://group30.org/members.

    Tharman Shanmugaratnam, Chair of the Board of Trustees, stated: “We are delighted to welcome Sergei into the Group of Thirty. He brings an outstanding record in academia, unique insights on economies at various stages of advancement, and political economy. He will be a valuable addition to our debates.”

    Raghuram Rajan, Chair of the G30, said: “I look forward to Sergei’s contributions to the Group’s meetings and work program. His background and research on geo-politics and corruption, as well as his exemplary contributions to public service, will no doubt expand the Group’s discussions as we navigate an increasingly polarized and volatile world.”

    Sergei Guriev stated: “I thank Tharman, Raghu, and the G30 for the offer of membership. I’m honored to be part of the Group and look forward to actively contributing in the years to come on shared priorities and concerns.”

    For media enquiries, contact Christopher Moseley on +44 7511 577803 / email cmoseley@london.edu.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6fe8db0e-0fd1-45e6-a6af-90881cafeeb3

    The MIL Network –

  • MIL-Evening Report: Academic slams NZ government over ‘compromised’ foreign policy

    Asia Pacific Report

    A prominent academic has criticised the New Zealand coalition government for compromising the country’s traditional commitment to upholding an international rules-based order due to a “desire not to offend” the Trump administration.

    Professor Robert Patman, an inaugural sesquicentennial distinguished chair and a specialist in international relations at the University of Otago, has argued in a contributed article to The Spinoff that while distant in geographic terms, “brutal violence in Gaza, the West Bank and Iran marks the latest stage in the unravelling of an international rules-based order on which New Zealand depends for its prosperity and security”.

    Dr Patman wrote that New Zealand’s founding document, the 1840 Treaty of Waitangi, emphasised partnership and cooperation at home, and, after 1945, helped inspire a New Zealand worldview enshrined in institutions such as the United Nations and norms such as multilateralism.

    Professor Robert Patman . . . “Even more striking was the government’s silence on President Trump’s proposal to own Gaza with a view to evicting two million Palestinian residents.” Image: University of Otago

    “In the wake of Hamas’ terrorist attacks in Israel on October 7, 2023, the National-led coalition government has in principle emphasised its support for a lasting ceasefire in Gaza and the need for a two-state solution to the Israeli-Palestinian conflict over the occupied territories of East Jerusalem, Gaza and the West Bank,” he wrote.

    However, Dr Patman said, in practice this New Zealand stance had not translated into firm diplomatic opposition to the Netanyahu government’s quest to control Gaza and annex the West Bank.

    “Nor has it been a condemnation of the Trump administration for prioritising its support for Israel’s security goals over international law,” he said.

    Foreign minister Winston Peters had described the situation in Gaza as “simply intolerable” but the National-led coalition had little specific to say as the Netanyahu government “resumed its cruel blockade of humanitarian aid to Gaza in March and restarted military operations there”.

    Silence on Trump’s ‘Gaza ownership’
    “Even more striking was the government’s silence on President Trump’s proposal to own Gaza with a view to evicting two million Palestinian residents from the territory and the US-Israeli venture to start the Gaza Humanitarian Foundation (GHF) in late May in a move which sidelined the UN in aid distribution and has led to the killing of more than 600 Palestinians while seeking food aid,” Dr Patman said.

    While New Zealand, along with the UK, Australia, Canada and Norway, had imposed sanctions on two far-right Israeli government ministers, Bezalel Smotrich and Itamar ben Gvir, in June for “inciting extremist violence” against Palestinians — a move that was criticised by the Trump administration — it was arguably a case of very little very late.

    “The Hamas terror attacks on October 7 killed around 1200 Israelis, but the Netanyahu government’s retaliation by the Israel Defence Force (IDF) against Hamas has resulted in the deaths of more than 56,000 Palestinians — nearly 70 percent of whom were women or children — in Gaza.

    Over the same period, more than 1000 Palestinians had been killed in the West Bank as Israel accelerated its programme of illegal settlements there.

    ‘Strangely ambivalent’
    In addition, the responses of the New Zealand government to “pre-emptive attacks” by Israel (13-25 June) and Trump’s United States (June 22) against Iran to destroy Iran’s nuclear capabilities were strangely ambivalent.

    Despite indications from US intelligence and the International Atomic Energy Agency (IAEA) that Iran had not produced nuclear weapons, Foreign Minister Peters had said New Zealand was not prepared to take a position on that issue.

    Confronted with Trump’s “might is right” approach, the National-led coalition faced stark choices, Dr Patman said.

    The New Zealand government could continue to fudge fundamental moral and legal issues in the Middle East and risk complicity in the further weakening of an international rules-based order it purportedly supports, “or it can get off the fence, stand up for the country’s values, and insist that respect for international law must be observed in the region and elsewhere without exception”.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Academic slams NZ government over ‘compromised’ foreign policy

    Asia Pacific Report

    A prominent academic has criticised the New Zealand coalition government for compromising the country’s traditional commitment to upholding an international rules-based order due to a “desire not to offend” the Trump administration.

    Professor Robert Patman, an inaugural sesquicentennial distinguished chair and a specialist in international relations at the University of Otago, has argued in a contributed article to The Spinoff that while distant in geographic terms, “brutal violence in Gaza, the West Bank and Iran marks the latest stage in the unravelling of an international rules-based order on which New Zealand depends for its prosperity and security”.

    Dr Patman wrote that New Zealand’s founding document, the 1840 Treaty of Waitangi, emphasised partnership and cooperation at home, and, after 1945, helped inspire a New Zealand worldview enshrined in institutions such as the United Nations and norms such as multilateralism.

    Professor Robert Patman . . . “Even more striking was the government’s silence on President Trump’s proposal to own Gaza with a view to evicting two million Palestinian residents.” Image: University of Otago

    “In the wake of Hamas’ terrorist attacks in Israel on October 7, 2023, the National-led coalition government has in principle emphasised its support for a lasting ceasefire in Gaza and the need for a two-state solution to the Israeli-Palestinian conflict over the occupied territories of East Jerusalem, Gaza and the West Bank,” he wrote.

    However, Dr Patman said, in practice this New Zealand stance had not translated into firm diplomatic opposition to the Netanyahu government’s quest to control Gaza and annex the West Bank.

    “Nor has it been a condemnation of the Trump administration for prioritising its support for Israel’s security goals over international law,” he said.

    Foreign minister Winston Peters had described the situation in Gaza as “simply intolerable” but the National-led coalition had little specific to say as the Netanyahu government “resumed its cruel blockade of humanitarian aid to Gaza in March and restarted military operations there”.

    Silence on Trump’s ‘Gaza ownership’
    “Even more striking was the government’s silence on President Trump’s proposal to own Gaza with a view to evicting two million Palestinian residents from the territory and the US-Israeli venture to start the Gaza Humanitarian Foundation (GHF) in late May in a move which sidelined the UN in aid distribution and has led to the killing of more than 600 Palestinians while seeking food aid,” Dr Patman said.

    While New Zealand, along with the UK, Australia, Canada and Norway, had imposed sanctions on two far-right Israeli government ministers, Bezalel Smotrich and Itamar ben Gvir, in June for “inciting extremist violence” against Palestinians — a move that was criticised by the Trump administration — it was arguably a case of very little very late.

    “The Hamas terror attacks on October 7 killed around 1200 Israelis, but the Netanyahu government’s retaliation by the Israel Defence Force (IDF) against Hamas has resulted in the deaths of more than 56,000 Palestinians — nearly 70 percent of whom were women or children — in Gaza.

    Over the same period, more than 1000 Palestinians had been killed in the West Bank as Israel accelerated its programme of illegal settlements there.

    ‘Strangely ambivalent’
    In addition, the responses of the New Zealand government to “pre-emptive attacks” by Israel (13-25 June) and Trump’s United States (June 22) against Iran to destroy Iran’s nuclear capabilities were strangely ambivalent.

    Despite indications from US intelligence and the International Atomic Energy Agency (IAEA) that Iran had not produced nuclear weapons, Foreign Minister Peters had said New Zealand was not prepared to take a position on that issue.

    Confronted with Trump’s “might is right” approach, the National-led coalition faced stark choices, Dr Patman said.

    The New Zealand government could continue to fudge fundamental moral and legal issues in the Middle East and risk complicity in the further weakening of an international rules-based order it purportedly supports, “or it can get off the fence, stand up for the country’s values, and insist that respect for international law must be observed in the region and elsewhere without exception”.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Europe: Bulgaria to join euro area on 1 January 2026

    Source: European Central Bank

    8 July 2025

    • Conversion rate of lev fixed at 1.95583 = EUR 1
    • Bulgaria joined the ERM II in 2020
    • Bulgarian banks supervised by ECB since 2020

    Today the Council of the European Union formally approved the accession of Bulgaria to the euro area on 1 January 2026 and determined a Bulgarian lev conversion rate of 1.95583 per euro. This is the current central rate of the lev in the Exchange Rate Mechanism (ERM II), which the currency joined on 10 July 2020. The European Central Bank (ECB) and Българска народна банка (Bulgarian National Bank) agreed to monitor developments in the Bulgarian lev against the euro on the foreign exchange market until 1 January 2026.

    With the entry into force of the close cooperation framework between the ECB and Българска народна банка (Bulgarian National Bank), the ECB has been responsible for directly supervising four significant institutions and overseeing 13 less significant institutions in Bulgaria since 1 October 2020.

    For media queries, please contact Benoit Deeg, tel.: +49 172 1683 704.

    Notes

    • The agreement to monitor the lev is in the context of ERM II. Participation in ERM II and observance of the normal fluctuation margins for at least the last two years is one of the convergence criteria to be fulfilled ahead of euro area accession.
    • The conversion rate of the lev is set by way of an amendment to Regulation (EC) No 2866/98, which will become effective on 1 January 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Bulgaria to join euro area on 1 January 2026

    Source: European Central Bank

    8 July 2025

    • Conversion rate of lev fixed at 1.95583 = EUR 1
    • Bulgaria joined the ERM II in 2020
    • Bulgarian banks supervised by ECB since 2020

    Today the Council of the European Union formally approved the accession of Bulgaria to the euro area on 1 January 2026 and determined a Bulgarian lev conversion rate of 1.95583 per euro. This is the current central rate of the lev in the Exchange Rate Mechanism (ERM II), which the currency joined on 10 July 2020. The European Central Bank (ECB) and Българска народна банка (Bulgarian National Bank) agreed to monitor developments in the Bulgarian lev against the euro on the foreign exchange market until 1 January 2026.

    With the entry into force of the close cooperation framework between the ECB and Българска народна банка (Bulgarian National Bank), the ECB has been responsible for directly supervising four significant institutions and overseeing 13 less significant institutions in Bulgaria since 1 October 2020.

    For media queries, please contact Benoit Deeg, tel.: +49 172 1683 704.

    Notes

    • The agreement to monitor the lev is in the context of ERM II. Participation in ERM II and observance of the normal fluctuation margins for at least the last two years is one of the convergence criteria to be fulfilled ahead of euro area accession.
    • The conversion rate of the lev is set by way of an amendment to Regulation (EC) No 2866/98, which will become effective on 1 January 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Bulgaria to join euro area on 1 January 2026

    Source: European Central Bank

    8 July 2025

    • Conversion rate of lev fixed at 1.95583 = EUR 1
    • Bulgaria joined the ERM II in 2020
    • Bulgarian banks supervised by ECB since 2020

    Today the Council of the European Union formally approved the accession of Bulgaria to the euro area on 1 January 2026 and determined a Bulgarian lev conversion rate of 1.95583 per euro. This is the current central rate of the lev in the Exchange Rate Mechanism (ERM II), which the currency joined on 10 July 2020. The European Central Bank (ECB) and Българска народна банка (Bulgarian National Bank) agreed to monitor developments in the Bulgarian lev against the euro on the foreign exchange market until 1 January 2026.

    With the entry into force of the close cooperation framework between the ECB and Българска народна банка (Bulgarian National Bank), the ECB has been responsible for directly supervising four significant institutions and overseeing 13 less significant institutions in Bulgaria since 1 October 2020.

    For media queries, please contact Benoit Deeg, tel.: +49 172 1683 704.

    Notes

    • The agreement to monitor the lev is in the context of ERM II. Participation in ERM II and observance of the normal fluctuation margins for at least the last two years is one of the convergence criteria to be fulfilled ahead of euro area accession.
    • The conversion rate of the lev is set by way of an amendment to Regulation (EC) No 2866/98, which will become effective on 1 January 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Bulgaria to join euro area on 1 January 2026

    Source: European Central Bank

    8 July 2025

    • Conversion rate of lev fixed at 1.95583 = EUR 1
    • Bulgaria joined the ERM II in 2020
    • Bulgarian banks supervised by ECB since 2020

    Today the Council of the European Union formally approved the accession of Bulgaria to the euro area on 1 January 2026 and determined a Bulgarian lev conversion rate of 1.95583 per euro. This is the current central rate of the lev in the Exchange Rate Mechanism (ERM II), which the currency joined on 10 July 2020. The European Central Bank (ECB) and Българска народна банка (Bulgarian National Bank) agreed to monitor developments in the Bulgarian lev against the euro on the foreign exchange market until 1 January 2026.

    With the entry into force of the close cooperation framework between the ECB and Българска народна банка (Bulgarian National Bank), the ECB has been responsible for directly supervising four significant institutions and overseeing 13 less significant institutions in Bulgaria since 1 October 2020.

    For media queries, please contact Benoit Deeg, tel.: +49 172 1683 704.

    Notes

    • The agreement to monitor the lev is in the context of ERM II. Participation in ERM II and observance of the normal fluctuation margins for at least the last two years is one of the convergence criteria to be fulfilled ahead of euro area accession.
    • The conversion rate of the lev is set by way of an amendment to Regulation (EC) No 2866/98, which will become effective on 1 January 2026.

    MIL OSI Europe News –

  • Sensex gains 270 points; investors eye relief in India-US trade talks

    Source: Government of India

    Source: Government of India (4)

    The Indian stock markets closed higher on Tuesday, recovering from a flat opening after reports of a possible mini trade deal between India and the United States surfaced late last night.

    Markets opened under pressure as concerns over US President Donald Trump’s fresh tariff measures weighed on sentiment.

    At the end of the trading session, the Sensex gained 270.01 points or 0.32 per cent to close at 83,712.51, while the Nifty rose 61.20 points or 0.24 per cent to settle at 25,522.50.

    Financial heavyweights helped the Nifty and Nifty Bank end in the green. Kotak Bank led the gains, rising over 3 per cent after a strong first-quarter update.

    On the other hand, Titan was the top loser on the Nifty, slipping 6 per cent after reporting lower-than-expected growth in its jewellery segment.

    “Today marked the third consecutive session where the Nifty opened and closed within a narrow range of 25,400 to 25,500. This shows the market is waiting for a trigger before the next move at the index level,” said VLA Ambala, Co-Founder of Stock Market Today.

    “The market remains in an uptrend with no signs of reversal yet, but volatility is expected as crude oil, gold, and dollar prices may fluctuate depending on the outcome of Donald Trump’s trade deal,” she added.

    Sundar Kewat, Technical and Derivatives Analyst at Ashika Institutional Equity, Ashika Stock Broking, noted that despite global uncertainties triggered by Trump’s announcement of 25–40 per cent tariffs on 14 countries, Indian equity markets opened flat and traded largely sideways throughout the session.

    “Trump’s tariffs took centre stage on Monday as letters detailing the new duties were issued to 14 countries. Markets reacted moderately and did not panic like they did from April 2nd to 9th. Over the past 90 days, markets have become more resilient, looking past Trump’s policy ambiguity to actual measures,” Ajay Bagga, Banking and Market Expert, said.

    He further added, “The key takeaway on Monday was that the July 9th tariff imposition deadline has now been moved to August 1st, giving another 23 days for negotiations with the affected countries.”

    (ANI)