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Category: Business

  • MIL-OSI Russia: Financial news: The deposit auction of the Moscow Small Business Lending Assistance Fund will take place on 24.03.2025

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    Parameters: Date of the deposit auction 03/24/2025 Placement currency RUB Maximum amount of funds placed (in the placement currency) 160,000,000.00 Placement term, days 88. Date of depositing funds 03/24/2025 Date of refunding funds 06/20/2025 Minimum placement interest rate, % per annum 20.00 Terms of the conclusion, urgent or special (Urgent). Minimum amount of funds placed for one application (in the placement currency) 160,000,000.00 Maximum number of applications from one Participant, pcs. 1 Auction form, open or closed (Open).

    The basis of the Agreement is the General Agreement. Schedule (Moscow time). Applications in preliminary mode from 12:00 to 12:10. Applications in competitive mode from 12:10 to 12:15. Setting the cutoff percentage rate or declaring the auction invalid before 12:25.

    Additional conditions – Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by clause 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, interest payment monthly, on the last business day of the month, without replenishment.

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

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

    HTTPS: //VVV. MOEX.K.M.M.

    MIL OSI Russia News –

    March 25, 2025

  • MIL-OSI Russia: Yuri Trutnev: The state of the Far East economy and the security of the state as a whole depend on technological development

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The issues of technological development of the Far East and preparations for the celebration of the 80th anniversary of Victory in the Great Patriotic War of 1941-1945 were discussed at a meeting of the Council of the Far Eastern Federal District, which was held with the participation of the heads of regions under the leadership of Deputy Prime Minister – Plenipotentiary Representative of the President in the Far Eastern Federal District Yuri Trutnev.

    “Technological development is acute today. The state of the economy and the security of the state as a whole depend on this. This week, the head of state, speaking at the Congress of the RSPP, noted that, according to the Ministry of Finance of Russia, more than 28 thousand sanctions were introduced against Russian companies and individuals. It is important to understand that sanctions are not just temporary restrictions. Their main goal is to weaken the economy of the state. That is why we must strive with technological independence in all directions with all our means. Already today we have positive changes. In almost all regions, drones gather, including civil purposes, in Yakutia, electric motorcycles are produced, in the Khabarovsk Territory – Baggi. Of course, these results were achieved, among other things, thanks to the action of the “Patriotic“ mechanism ”. The construction of an innovative scientific and technological center on the island of Russian is underway, and these are, in turn, the prospects for the development of such areas as biomedicine, information technology. Created the Vostok Venture Foundation. Highly technologies are being introduced, atomic stations of low power are built. Literally, literally, literally. Literally. Literally. The other day, in Komsomolsk-on-Amur, for the first time, flying tests of the Superjate 100 aircraft were carried out with the domestic PD-8 engine. This is an important step towards technological independence. The economic development and safety of the macroregion and the country as a whole depends on the quality and speed of its solution, ”Yuri Trutnev opened the discussion.

    Sakhalin Region Governor Valery Limarenko reported on the scientific and technological development of the island region. On behalf of the head of state, the construction of the international-level campus “SakhalinTech” is underway on Sakhalin. This year, the first stage of the campus will be commissioned – a student town for 1.5 thousand people, and in 2026 – a scientific and educational center. Construction is proceeding at an accelerated pace. In parallel with the construction, the university is being transformed into “University 4.0”. An advanced engineering school has been opened in the region. An electrical engineering laboratory operates on the basis of the SKB SAMI academic institute. An oil and gas chemical analytical laboratory is being created. A hydrogen cluster is being formed, where projects are already being implemented. The first stage of the Oil and Gas Industrial Park has been launched. A research and production center for the development of unmanned systems, accredited by the Ministry of Industry and Trade, has been created on Sakhalin. A unified Far Eastern unmanned airline, Aurora BAS, was created on the basis of the Far Eastern airline Aurora. An aviation training center for manned and unmanned aircraft was opened. Eight more such training grounds will be created in the near future.

    “It is important for us not only to develop the gas chemical cluster and the Vostochny Cosmodrome, the construction of which is proceeding according to schedule, but also everything related to the use of modern technologies. The implementation of such projects is facilitated by the regime of advanced development territories. Now we are planning to create an industrial park, the residents of which will, among other things, be engaged in deep processing of polymers. We are discussing the construction of a plant for the production of mineral fertilizers in the industrial park. The enterprise will be important not only for the agriculture of the Far East, it will be focused on exports to China and, as a result, will affect the development of the logistics industry,” said Vasily Orlov, Governor of the Amur Region.

    “Vitus Bering Kamchatka State University has been participating in the Priority 2030 program for the third year. As part of it, we are rebooting the university, making it a university of entrepreneurs – with an emphasis on the expedition component and interaction with leading research centers in Russia. Specific projects have been launched with a number of leading Russian universities. Projects with practical implementation in the field of geothermal energy are being developed, including low-power geothermal stations. We are currently launching one of these projects for testing in Kamchatka, which is called a natural laboratory. We want to offer a unique format of a floating university, when leading researchers gather on a ship, study the features of aquatic biological resources, the dynamics of water temperature and salinity of the ocean, and generally outline the prospects for ocean research. Particular attention is paid to projects that help our victory. Thanks to the Patriotic Priority Development Area, we have launched the production of unmanned aerial vehicles. We are consistently increasing the depth of localization, moving from simple assembly to development,” said Kamchatka Krai Governor Vladimir Solodov.

    The preparations for the celebration of the 80th anniversary of the Victory in the Great Patriotic War were discussed. “This is a special holiday for our entire country, our citizens. There is not a single family that was not affected by that war. The significance of the Victory in the Great Patriotic War for the fate of Russia is difficult to overestimate. Attempts are currently being made to falsify history, to diminish the significance of the feat of our ancestors. An important task for us is for the younger generation to know and remember the history of their country, their native region. The head of state has also declared this year the Year of the Defender of the Fatherland. Now our children, like their fathers and grandfathers, heroically and selflessly defend their homeland and their families. May 9 is a special holiday for every family in our country. As part of the celebration of the 80th anniversary of the Victory in the district, we have planned about 450 different events, including five events to be held abroad. Victory parades are planned in all regions. It is also important to ensure the safety of mass events. I ask all governors and representatives of law enforcement agencies to take this issue extremely seriously,” noted Yuri Trutnev.

    The holding of ceremonial events and Victory parades in Khabarovsk and Vladivostok was considered. This year, Khabarovsk will host two anniversary Victory parades – on May 9 and September 3. The parade in September will be dedicated to the defeat of militarist Japan and the end of World War II. Primorsky Krai is preparing for the Victory Parade in Vladivostok in cooperation with the Pacific Fleet. The Immortal Regiment procession will take place in the capital of Primorye. An extensive program will be organized for residents and guests of the Far Eastern capital with a festive concert, thematic local sites, exhibitions, interactive activities, photo zones, and master classes. In Vladivostok, the key event on May 9 will be the holding of the “Victory Streets” campaign. Thematic banners and stands with photographs of veterans of the Great Patriotic War will be placed on the Tsarevich Embankment. An exhibition of captured equipment from the special military operation zone will be organized. And on September 3, a series of festive events are planned in Vladivostok on the territory of Primorsky Krai, including a large festive concert on the central square of Vladivostok, “Vladivostok Seasons”.

    The progress of creating a museum on Shumshu dedicated to the Kuril landing operation, the last major battle of the USSR against militarist Japan, was separately considered. During the Great Patriotic War, Shumshu Island was the northern stronghold of Japanese troops on the Kuril Islands and was considered impregnable. The landing of Soviet paratroopers on Shumshu became a decisive event during the entire Kuril landing operation. “We are preparing an open-air museum. This is a bright page in the heroism of our soldiers, and we must support this memory. This initiative was supported by the President of the Russian Federation Vladimir Vladimirovich Putin. Our task is simply to implement it. We will try to ensure that the first events on Shumshu dedicated to the celebration of the 80th anniversary of Victory in the Great Patriotic War take place on May 9,” said Yuri Trutnev.

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

    MIL OSI Russia News –

    March 25, 2025

  • MIL-OSI Russia: Marat Khusnullin: Construction of overpasses of the transport interchange has begun at the intersection of the Central Ring Road and Dmitrovskoe Highway

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    March 24, 2025

    Construction of a transport interchange at the intersection of the Central Ring Road and Dmitrovskoe Highway

    In the Moscow Region, construction is underway on a transport interchange at the intersection of the Central Ring Road and Dmitrovskoye Highway. At the site, they have begun to install the foundations of three overpasses of the future road structure complex, Deputy Prime Minister Marat Khusnullin reported.

    “When developing the road framework, it is important to link the highways together so that drivers can comfortably build the necessary routes. In addition, a single connection and a sufficient number of interchanges help to free up the most congested areas and save travel time. One of such interchanges is being built near the intersection of the third launch complex of the Central Ring Road and Dmitrovskoye Highway in the Moscow Region. It will improve the accessibility of nearby areas, will increase the capacity of the A-107 Moscow Small Ring Road by redistributing vehicle flows from this highway to the Central Ring Road. The new road facility will also eliminate the intersection of traffic flows at one level and improve traffic safety. Specialists have begun to build the foundations of three overpasses of the future interchange, are rebuilding utility lines, and are working on installing culverts and a roadbed,” said Marat Khusnullin.

    The Deputy Prime Minister added that the new infrastructure facility will meet all modern requirements, including being equipped with an automated traffic control system.

    On one of the overpasses, 66 m long, all the piles have already been driven in, and workers have begun to install grillages. For the second overpass, 166 m long, 70% of the piles have been driven in, and for the third, 72 m long, 60%.

    According to the Chairman of the Board of the state company Avtodor, Vyacheslav Petushenko, the construction of the transport interchange is divided into two stages.

    “The first stage is currently being implemented. It includes the construction of four exits with a total length of about 2.7 km with the construction of three overpasses, as well as the reconstruction of a section of the federal highway A-107 “Moscow Small Ring” with a length of about 2.3 km,” noted Vyacheslav Petushenko.

    Currently, there are about 150 people and about 60 units of special equipment and dump trucks involved in the project. The commissioning of the transport interchange is planned for 2026.

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

    MIL OSI Russia News –

    March 25, 2025

  • MIL-OSI Russia: Financial news: Bank of Russia to hold fine-tuning repo auction on March 27 (03/24/2025)

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    In order to increase the ability of credit institutions to manage their own liquidity and maintain conditions for the formation of overnight money market rates close to the key rate, the Bank of Russia will hold a fine-tuning repo auction on March 27, 2025, with the first part of the transactions executed on the day of the auction and the second part on March 31, 2025.

    The maximum amount of funds provided at the auction will be set on March 27, 2025. The schedule and parameters of the auction will be available on the pages of the Bank of Russia website “Schedule of repo operations in rubles” And“Parameters of repo auctions in rubles” respectively.

    In 2025, a gradual reduction in the liquidity surplus and a transition to a stable structural deficit is expected approximately in the middle of the year. At the same time, the need for liquidity is formed earlier for individual credit institutions than for the sector as a whole. In this regard, seasonally high annual taxes paid to the budget at the end of March may cause significant short-term fluctuations in the liquidity of the banking sector and may have a more significant than usual impact on the need for individual banks to attract funds.

    As the transition to a structural deficit takes place, the Bank of Russia will begin holding weekly auctions to provide funds instead of weekly auctions to absorb liquidity. The need for this may arise before the transition to a sustainable structural deficit.

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

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

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

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

    HTTPS: //vv. KBR.ru/Press/PR/? File = 638784351626636684DKP. CHTM

    MIL OSI Russia News –

    March 25, 2025

  • MIL-OSI Russia: Dmitry Patrushev: The mineral fertilizer market should develop taking into account the needs of the state and the interests of business

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Dmitry Patrushev held a meeting with mineral fertilizer producers. It was attended by heads of leading industry companies and relevant departments.

    “The current indicators of the mineral fertilizer market allow us to say with confidence that the industry formed in Russia is one of the strongest in the world. In terms of mineral fertilizer production volumes, we occupy the second line of the global rating. Indeed, we have recorded annual growth. In 2024, production exceeded 63 million tons. This is 7% higher than the year before. And the forecast calculations for 2025 again include a systematic increase in indicators. Thus, we can fully meet our own needs, and this applies to both volumes and the range of products. Saturation of our market is our key task, since the availability of fertilizers directly affects the implementation of strategic plans for agriculture,” said Dmitry Patrushev.

    The Deputy Prime Minister recalled that in order to implement the decree of the President of Russia, according to which the agricultural industry should increase production by 25% by 2030, it is important to ensure stability in the domestic fertilizer market. Therefore, special regulatory measures have been in place for several years now.

    “Impressive volumes of fertilizer production allow Russia to increase export deliveries year after year. We have the status of one of the largest exporters. And this is our contribution to global food security. However, given the enormous opportunities, we need to develop further in a balanced manner, taking into account the needs of the state and the interests of business,” the Deputy Prime Minister said.

    Dmitry Patrushev noted that currently about 60 major investment projects are being implemented in the fertilizer industry and according to plans, more than 70 million tons of mineral fertilizers can be produced in Russia by 2027, and up to 80 million tons by 2030.

    Following the meeting, the participants outlined further steps for the development of the industry, which will allow taking into account the interests of the state and business.

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

    MIL OSI Russia News –

    March 25, 2025

  • MIL-OSI Global: Ten years after the Modern Slavery Act, why has this ‘world-leading’ legislation had so little impact?

    Source: The Conversation – UK – By Alex Balch, Professor, Department of Politics, University of Liverpool

    Seika Chujo/Shutterstock

    The UK’s 2015 Modern Slavery Act is ten years old on March 26. When it was passed, it was billed as “world-leading” legislation – the first of its kind to introduce a dedicated legal framework to deal with modern slavery.

    But ten years on, the evidence tells a different story. The numbers of people identified as potential victims are higher than they have ever been. Yet very few people have been prosecuted. What went wrong with this “groundbreaking” law?

    The Modern Slavery Act was the final piece of legislation under the 2010-15 coalition government. Championed by then home secretary Theresa May, the act was primarily about beefing up the criminal justice approach. While criminal offences like human trafficking, forced labour, slavery and servitude were previously dealt with in different pieces of legislation, the act consolidated them into one place.

    The aim was to make it easier to identify and prosecute traffickers (who May referred to as “the slave-drivers”), while offering some protection to their victims.

    It also included a role for the private sector through a “transparency” clause. This required bigger businesses to report what they are doing to prevent modern slavery in their supply chains. And, it created an Independent Anti-Slavery Commissioner to “encourage good practice”. Other new measures included a legal defence to victims who had been forced to commit crimes, and giving law enforcement new powers to confiscate assets from traffickers.

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    However, the act did little to stop modern slavery happening in the first place. The prevention strategy mainly consisted of poster campaigns in airports and immigration processing centres.

    Some argued that the act dodged the big issues around work and immigration. For example, by not addressing weaknesses in labour protections and the additional vulnerabilities migrant workers faced thanks to May’s “hostile environment” migration policies.

    As prime minister, May touted the UK’s “world-leading” efforts on modern slavery to the global stage at the UN General Assembly. But a decade later, the impacts have been less than stellar.

    What has been its impact?

    The act has certainly raised the issue’s profile in the last ten years. Businesses now have to report on what steps they are taking to tackle modern slavery. But there are no penalties if they do not comply, and there has been limited progress on exploitation in supply chains. Recent cases involving McDonald’s and other supermarkets prove that businesses are not spotting the signs or acting effectively to prevent the issue.

    The number of people identified as potential victims of modern slavery has increased significantly in the last ten years: 19,125 in 2024, nearly six times as many as in 2015. That’s at least partly because the act has improved awareness among frontline responders (organisations who refer potential victims for support).

    But while more people who may have experienced modern slavery are being identified, prosecutions are very low. Only 64 adult offenders were sentenced between 2017-19 for over 22,756 potential victims of modern slavery identified over the same period. There are many reasons for this, but one is that victims may not come forward, fearing they may be detained or deported.

    Immigration policies passed by the last Conservative government have also rolled back protections for modern slavery victims. In passing the Nationality and Borders Act and Illegal Migration Act, the government argued that people arriving on small boats were abusing the protections offered through the Modern Slavery Act to evade deportation. Far from world-leading, the UK became non-compliant with international anti-trafficking and human rights laws.

    Many of the concerns raised during the drafting of the legislation have proven accurate. Despite repeated commitments to create a unified labour inspectorate, successive governments have dodged reform of labour market regulation.

    The UK’s immigration and work visa system has also led to the potential for exploitation. Even legal migration routes and the sponsorship visa scheme have created conditions for people to be exploited. For example, in sectors such as agriculture or social care, where intermediaries sell false promises regarding employment and conditions in the UK.



    Read more:
    How visas for social care workers may be exacerbating exploitation in the sector

    Added to this, the system of support which recognised victims of modern slavery can access is creaking under pressure. It has expanded beyond what was envisaged in its original design, and there are backlogs in decision-making and questions over how appropriate it is. Thousands have declined formal identification and support because they do not feel it is worthwhile or appropriate for them.

    Research has also shown that victims are not necessarily getting the support or legal defence they are entitled to. An unknown number of victims are likely to be in the UK’s prisons, where they may be subject to further exploitation.

    Stopping modern slavery

    The theory behind the Modern Slavery Act was that if you “get tough” on criminals and improve support for victims, you can reduce exploitation. But that hasn’t worked – modern slavery is still a huge problem in the UK.

    Changing this means taking prevention seriously, and addressing the conditions and inequalities that lead to exploitation in the first place. Like other global challenges, modern slavery stems from issues like poverty, inequality and discrimination and gender-based violence.

    My colleagues and I at the Modern Slavery and Human Rights Policy and Evidence Centre recently noted in our report on policy priorities that the government has an opportunity to prevent modern slavery through some of its other crime prevention efforts, as well as in forthcoming legislation such as the employment rights bill.

    Without a clear and evidence-based strategy, modern slavery in the UK will persist or even grow, and the Modern Slavery Act will remain an innovative, but ultimately ineffective tool in the fight against exploitation.

    Alex Balch is Professor of Politics at the University of Liverpool and is Research Director of the Modern Slavery and Human Rights Policy and Evidence Centre (PEC) based at the University of Oxford. The Modern Slavery PEC is supported by the UK’s Arts and Humanities Research Council and funds research to improve understanding of modern slavery and inform better policies to address it.

    – ref. Ten years after the Modern Slavery Act, why has this ‘world-leading’ legislation had so little impact? – https://theconversation.com/ten-years-after-the-modern-slavery-act-why-has-this-world-leading-legislation-had-so-little-impact-252316

    MIL OSI – Global Reports –

    March 25, 2025

  • MIL-OSI Global: The peculiar Turkish corruption issue behind Istanbul mayor’s arrest – and how it became a tool of political oppression

    Source: The Conversation – UK – By Tulin Dzhengiz, Lecturer in Sustainability, Manchester Metropolitan University

    Turkey is in turmoil after Istanbul’s mayor, Ekrem İmamoğlu, a leading opposition figure and potential challenger to Turkey’s president, Recep Tayyip Erdoğan, was arrested on March 19 on charges of corruption.

    More than 1,000 people who protested against the arrest have also been detained as hundreds of thousands of demonstrators took to the streets in anger at what they say is a major blow against democracy. İmamoğlu, who denies all charges against him, has since been endorsed as the candidate for the 2028 presidential elections for the Republican People’s Party (CHP).

    Central to the allegations of corruption is what is known in Turkey as “naylon faturacılık”. This literally means “nylon invoicing” and refers to the issuing of fake invoices. It doesn’t refer to simple clerical errors or accounting mishaps, but deliberate attempts to fabricate transactions, inflate expenses, or obscure real beneficiaries.

    Technically illegal, the practice is nonetheless widespread in Turkey. It forms part of what many see as the country’s informal economy.

    The informal economy in Turkey spans everything from street vending and informal recycling to complex tax evasion schemes involving registered firms. Naylon faturacılık illustrates how corruption doesn’t always sit outside the system, but often thrives from within it.

    It exposes a blurry boundary between formal and informal economic activity, revealing how some formal businesses manipulate legal frameworks to appear compliant while engaging in illicit practices. In September 2024, Turkey’s Ministry of Finance uncovered 3 billion Turkish Lira (£61 million) worth of fake invoices in an investigation targeting around 4,500 large taxpayers.

    Over the past four years, I’ve interviewed more than 60 business owners, workers, and entrepreneurs across Turkey – from informal micro-enterprises to firms embedded in formal supply chains. One theme surfaced again and again: naylon faturacılık, or fake invoicing.

    People described it not as an exception but as “just part of doing business” in an informal economy. In an economy shaped by patchy enforcement and institutional fragility, this practice has become normalised over the past decade. It’s not legally accepted, but has unfortunately become socially expected.

    Under Turkish law, issuing or using fake invoices is a serious offence, punishable by three to eight years in prison. Yet many of my interviewees, especially those operating in or alongside the informal economy, saw fake invoicing as a necessary way of doing business. They described it as a viable response to rising costs, bureaucratic hurdles and a system that often punishes formality.



    Read more:
    Turkey: a favourable international climate is spurring Erdoğan’s crackdown on democracy

    Opposition leaders, including CHP leader Özgür Özel, argue that İmamoğlu’s arrest is politically motivated – an attempt to discredit their candidate ahead of the presidential election. Özel condemned the operation as a “coup attempt” against Turkey’s democratic future.

    In a press conference, he revealed that most of the people detained alongside İmamoğlu are linked to companies that won public contracts from the Istanbul Metropolitan Municipality (İBB) under the control of İmamoğlu. Moreover, some of those arrested, he claimed, are students or relatives with no actual involvement in procurement decisions or public bids.

    The key accusation is that these companies issued fake invoices – billing for work never done, or for services exaggerated or duplicated. Yet Özel contends that no concrete evidence has been presented thus far and much of the government’s case comprises testimony and vague associations from gizli tanık (secret witnesses).

    One such witness reportedly named a communications or media firm that had worked with both İBB and the central government – including on campaigns commissioned by the presidency’s Directorate of Communications that work directly with Erdoğan. When the same activity, individuals or businesses, can be framed as legitimate under one administration and criminal under another, the line between legality and politics becomes dangerously thin.

    While opposition mayors in Turkey face swift legal action against corruption, serious corruption allegations against former Ankara mayor Melih Gökçek, which he denies, involving nearly 46 billion Turkish lira in public losses remain uninvestigated. Gökçek was a member of Erdoğan’s government Justice and Development Party (AK).

    A total of 97 complaints were filed over alleged misconduct during Gökçek’s tenure as mayor of Ankara until 2017, but nothing was done. Critics say this reflects politically selective justice.

    One law for some

    This isn’t just a story about fake invoices. It is about contexts where rules are unevenly enforced, where legal grey zones are abundant and where informality becomes a flexible instrument of control. A practice such as naylon faturacılık tolerated in one political moment can become a liability in another. A company can operate legally while it enjoys good relations with the government – and suddenly find itself under suspicion when that changes.

    In Turkey today, the question is often not whether an act is legal or illegal. It’s more about who is involved and whose power is being threatened. The lines between formal, informal or illegal is not merely economic – it is profoundly political. That’s why the nylon invoicing issue is so revealing. Far from being a fringe practice, it exposes the everyday intersections of power, legitimacy and corruption.

    In a climate of deepening polarisation and eroding institutional trust, many believe that who gets punished for corruption depends less on the act itself and more on which side of the political divide they fall.

    Protests in Turkey callling for ‘rights! law! justice!’

    Turkey’s democracy and justice system are being tested – not only by corruption, but by how selectively corruption is investigated and enforced. In this uncertain moment, the challenge is not only to hold people accountable, but to rebuild trust in institutions and ensure that justice is applied fairly. The protestors’ slogan “hak, hukuk, adalet” (rights, law, justice) carries a deeper warning: power is temporary, but justice must endure.

    As many demonstrators in Turkey are now reminding the Erdoğan government: when the balance shifts, those in power today may find themselves in need of the very fair and independent legal system they are now so determined to undermine.

    Tulin Dzhengiz research on the informal economy received funding from Manchester Metropolitan University.

    – ref. The peculiar Turkish corruption issue behind Istanbul mayor’s arrest – and how it became a tool of political oppression – https://theconversation.com/the-peculiar-turkish-corruption-issue-behind-istanbul-mayors-arrest-and-how-it-became-a-tool-of-political-oppression-252933

    MIL OSI – Global Reports –

    March 25, 2025

  • MIL-OSI Global: Five ways cannabis can contribute to a green future

    Source: The Conversation – UK – By Julyan Levy, PhD Candidate, Social Sciences, Coventry University

    24K-Production/Shutterstock

    Cannabis legalisation could raise £1.5 billion for the UK economy, according to a recent report from the charity Transform. But aside from this plant’s economic benefits, cannabis also has many ecological advantages.

    My research into the potential role of cannabis in shaping a fairer and healthier world never fails to excite me. Cannabis flowers became legally allowed as a medicine in the UK in 2018, but its origins as a medicinal herb in Britain dates back to at least Anglo-Saxon times. Its popularity is evident in the many place names scattered across the country, from Hemel Hempstead in Hertfordshire to Littlehempston in Devon.

    Hemp is a colloquial term for the cannabis plant, Cannabis sativa. Hemp often refers to strains of cannabis that have had its main psychoactive chemical, tetrahydrocannabinol (THC), bred out of the female flowers.

    Due to the negative associations cannabis has picked up over the past 50 years of prohibition, hemp farmers have distanced themselves from using the term cannabis. In the UK, this association has resulted in strict conditions for growing hemp creating a barrier for farmers.

    In recent years, cannabidiol (CBD), the main non psychoactive chemical found in female cannabis flowers, has become popular as a wellness product. CBD is abundant in low-THC hemp flowers, so it’s easy for the lines between hemp and cannabis to become blurred.

    It’s all cannabis. This plant has some incredible environmental benefits, from improving soil health to storing carbon. Here are five ways that cannabis plants can contribute to a greener planet:

    1. Productive harvests

    Hemp stems have a woody core, known as shivs, that can be mixed with lime to make hempcrete, a carbon-neutral alternative to concrete. Concrete production is one of the major sources of global greenhouse gas emissions. Hempcrete could be used to build eco-friendly social housing across the UK.

    Hemp seeds are a nutritious food source, high in protein and omega-3. With the UK’s food system in crisis, hemp seeds and the oil they produce could be a more widespread sustainable homegrown food source if hemp could be grown on an industrial scale.

    But industrial monocultures of crops are harmful to biodiversity. One alternative is agroecology – working with nature to prioritise biodiversity through small-scale farming.

    Hemp is ideally suited to agroecology, but it’s not an easy crop to grow in the UK
    because licensing laws make it very difficult for hemp farmers to tap into a global market worth billions.

    Farmers at one community farm, Hempen in Oxfordshire, sowed their first hemp crop over an area of 30 acres. In 2019, Hempen were forced to destroy their CBD harvest as their licence wasn’t renewed.

    In California, THC strains are allowed. One farming community started producing its own CBD-based medicines on just one acre of land. Others use the plant in other interesting ways, from rehabilitating formally incarcerated people to off-grid market gardens.

    Hemp offers potential as a fast-growing crop that enriches soil health.
    MAR007/Shutterstock

    2. Healthy soils

    Soil is essential for growing 98.8% of our food. Yet, it is often contaminated with toxic chemicals from industrial processes or the legacies of war.

    A process known as phytoremediation cleans the soil of these toxic contaminants. Hemp’s deep roots have a high tolerance for absorbing dangerous heavy metals. It is also a great break crop – this is a way for farmers to rotate the types of crops they grow to keep the soil healthy.



    Read more:
    Hemp is more sustainable than timber – here’s how it could transform low-carbon construction

    3. Plastic alternatives

    Plastic is poisoning our bodies and our planet. Recent reports suggest that the human brain may contain enough microplastics to make a spoon.

    Bioplastics made from hemp are biodegradable, composting down into organic matter leaving no microplastics. Hemp bioplastics are already being used by a number of commercial companies from building cars to packaging.

    Bioplastics do not offer a complete solution, but with the right infrastructure they could help reduce the need to derive more plastics from fossil fuels.

    4. Carbon storage

    Trees and other plants remove carbon dioxide from the air through the process of photosynthesis. Hemp is great at this, storing twice as much carbon dioxide than trees.

    Hemp is easy to grow without synthetic chemical inputs. It requires virtually no pesticides and reaches maturity much more quickly than trees. Once it absorbs the carbon, it’s easily stored in hempcrete blocks that can be used in construction.

    5. Energy storage

    It’s very difficult to store excess energy from renewable sources for use at a later date when the sun might not be shining or the wind isn’t blowing. Big batteries are one solution but these require mining precious metals.

    Another solution are supercapacitors – mega-efficient energy storage solutions that can be as small as a coin. Graphene, a flat material stronger than steel, is an essential element in the production of supercapacitors but it’s expensive and energy-intensive to make.

    The whole stem biomass (unused plant waste) from cannabis could provide a low-cost way to make graphene. Research shows that supercapacitors using hemp-based graphene perform much more efficiently than current commercial models.

    Hemp has many other known uses, from textiles to paper. The UK could lead the way in hemp innovation. The previous UK government did announce some minor changes to hemp licensing. Now, further changes to legislation could help farmers to harness the potential of this wondercrop in the fight against climate change.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

    Julyan Levy is affiliated with The Green Party of England and Wales.

    – ref. Five ways cannabis can contribute to a green future – https://theconversation.com/five-ways-cannabis-can-contribute-to-a-green-future-251523

    MIL OSI – Global Reports –

    March 25, 2025

  • MIL-OSI Global: How our perception of waste shapes our reality

    Source: The Conversation – UK – By John Scanlan, Research Fellow in Place and Culture, University of Central Lancashire

    lassedesignen/Shutterstock

    Recently, a leaflet was delivered to my home from Nuclear Waste Services, the company that is overseeing the final disposal of some of the most dangerous waste that exists. It reminded me that the small village where I live in Cumbria is one of three proposed locations for the burial of nuclear waste. If realised, it would be a site that has to be secure and safe for at least 100,000 years.

    Such a timescale makes the markers around which we otherwise plan our lives (the birthdays, holidays, anniversaries and so on) seem almost infinitely small. This presents a challenge to any attempts to make us take ownership of such waste.

    When you think about waste, you probably imagine the mundane leftovers of your everyday experience. Because of their proximity to our daily lives, cultural historians like me can learn a lot from the history of such leftovers.

    Contemporary artists like Michael Landy and curators at the EU House of History’s year-long exhibition, Throwaway, have also explored this everyday aspect of waste.

    But between such extremes of everyday life and the abstract future, we can find waste everywhere. After spending more than two decades thinking about what waste actually is and what we might learn from it, I have learned that waste, as a thing, an idea, a problem, is always wholly determined from a human standpoint.

    There is no waste in nature. And what is waste in human life only remains so if it cannot be reused or reconfigured for human ends or absorbed by nature.

    Contemporary waste

    If we can say that nuclear waste was a development of the 20th century, then it is clear that we can think of waste through the particular historical forms it has taken. An example of 21st-century waste is the immaterial digital leftovers that we now unconsciously generate. This data waste, generated from the technologies and media platforms that now facilitate much of our work and leisure time, is harvested and recycled by a multitude of corporate, business, government and other interests. Such leftovers will outlive us, but they are more or less invisible to us.

    What we can learn from this, as I explore in my new book, The Idea of Waste, is not only that there are forms of waste originating in certain times or places, but that waste is very much a contemporary phenomenon. It is always an idea that is taking new forms, while at the same time continuing to exist in all prior forms.

    A new waste consciousness emerged in the late 1960s in response to consumer society and the new packaging wastes it created. It was summed up by the concept of recycling (a word almost unknown before that time).

    There was a dual meaning in environmental activist campaign messages such as “Don’t waste waste – recycle!”. The point was that waste was not just a material thing, it was a way of perceiving or thinking about such material things. Promoting notions like zero waste hinges on how we perceive what is valuable or what is worthless, which varies according to our knowledge at any given time.

    This is why designers and architects, tech startups and various upcyclers can position themselves as visionaries who are able to shape how we think about wastes: they understand that waste is not always waste.

    But even their efforts to minimise or reduce waste to zero still have to face the fact that in any act of making or creating, energy and resources will have been expended. The life cycle of designed or upcycled materials that embody circular ideals will also come to an end, returning us once again to remainders and leftovers. In that sense, zero waste is an ideal that is intended to design a new human consciousness.

    The lesson we may draw from all of this is that there can be no history of waste that charts a path of victory. It is impossible to say that we conquered one form of waste and then moved on the next one. Waste is always with us. But it is also always taking new forms and without constant vigilance, it will, in one form or another, overwhelm us.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

    John Scanlan 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. How our perception of waste shapes our reality – https://theconversation.com/how-our-perception-of-waste-shapes-our-reality-251981

    MIL OSI – Global Reports –

    March 25, 2025

  • MIL-OSI Banking: CNB Governor Aleš Michl wins second international award

    Source: Czech National Bank

    Czech National Bank Governor Aleš Michl has been named Central Banker of the Year for Europe by The Banker, a member of the Financial Times Group. The prestigious award highlights his successful strategy for curbing extremely high inflation and achieving the 2% target in 2024. This is the second international award he has received this year.

    With Governor Aleš Michl at the helm, the Bank Board stabilised interest rates at the restrictive level of 7% in 2022 while betting on a strong koruna policy. Thanks to these monetary conditions, which were the tightest in 20 years, inflation returned to exactly 2% in February 2024 – one of the first in the region to do so. The jury noted that the Governor thus kept the promise he made upon his appointment to bring the country’s high inflation down to the 2% target within two years.

    “When I became Governor in 2022, I pledged to bring inflation down to 2% within two years – and we have delivered on that promise. A key factor in this was a change in monetary policy strategy, which I outlined in my ‘Policy for a strong koruna’ speech in autumn 2022. By spring 2023, the exchange rate of the koruna against the euro was at its strongest ever level. This made imports of then-expensive commodities cheaper and simultaneously tightened monetary conditions for exporters borrowing in euros. Monetary policy thus became the tightest it had been in 20 years. We communicated that key interest rates would remain high for longer. Only then did monetary policy start to take effect – despite no change to the CNB’s key rates – and inflation began to fall. Sometimes, less is more. A consistent, long-term approach to monetary policy is better than keeping interest rates at zero for over ten years and then being surprised when inflation sets in. Thinking we can magically solve it by quickly raising rates on the assumption that inflation is a ‘monetary phenomenon’, is not entirely realistic,” said CNB Governor Aleš Michl.

    With this prestigious award from The Banker magazine, Aleš Michl has joined the ranks of the world’s most prominent central bankers who have actively contributed to price stability and strengthened investor confidence. The Banker, published by the Financial Times, annually recognises leading figures in international central banking. This year, the title of Central Banker of the Year at the global level was awarded to US Federal Reserve Chair Jerome Powell for his leadership during a challenging economic period.

    In addition to The Banker’s Central Banker of the Year for Europe this year, Aleš Michl has also succeeded at the global level. In the international Central Banking Awards, organised under the auspices of the renowned Central Banking magazine, he was named Governor of the Year – becoming the first central banker in the history of the Czech Republic to receive this distinction.

    More information: https://www.thebanker.com/content/002ece2a-c11f-5853-8e00-3b8ae34b8d48

    Jakub Holas
    Director, CNB Communications Division

    MIL OSI Global Banks –

    March 25, 2025

  • MIL-OSI: EMGS Receives Contract Related to Previously Announced Letter of Award for Survey in India

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 15 January 2025 wherein EMGS announced that the Company had received a Letter of Award for a CSEM survey in India.

    The Company is pleased to announce that the final contract has now been signed. Under the signed contract, the final contract value remains approximately USD 10 million, i.e. in accordance with the expectation under the Letter of Award.  


    Contact
    Anders Eimstad, CFO, +47 948 25 836

    This information is published in accordance with the Norwegian Securities Trading Act § 5-12.

    About EMGS
    EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company’s services enable the integration of EM data with seismic and other geophysical and geological information to give explorationists a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel. CSEM technology can also be used to detect the presence of marine mineral deposits (primarily Seabed Massive Sulphides) and EMGS believes that the technology can also be used to estimate the mineral content of such deposits. The Company is undertaking early-stage initiatives to position itself in this future market.

    The MIL Network –

    March 25, 2025

  • MIL-OSI: Bitget Wallet Launches Super Month with $500K Prize Pool to Celebrate Super DEX Upgrade

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, March 25, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has officially launched Super Month, a four-week trading campaign with a total prize pool of $500,000, marking the debut of Super DEX, an upgraded Swap experience within Bitget Wallet.

    Running from March 17 to April 14, Super Month features weekly themed trading events and exclusive community AMAs, inviting users to explore the full capabilities of Super DEX. Each week introduces new rewards and incentives designed to encourage active participation and showcase the platform’s advanced trading performance. The campaign kicked off with a $90,000 reward pool in Week 1 for users who deposited and traded via Bitget Wallet.

    In Week 2, Bitget Wallet partnered with BNB Chain to host a dedicated trading challenge, offering a $60,000 prize pool. Open to both new and existing users, the campaign encourages trading of BNB Chain-based tokens, with additional rewards for first-time users of Super DEX. The platform will spotlight daily trending tokens on BNB Chain, further boosting visibility for emerging projects while expanding the use cases of Bitget Wallet’s trading infrastructure.

    Super DEX is Bitget Wallet’s next-generation multi-chain aggregator, supporting over 130 blockchains and integrating seven key features including cross-chain swap execution, intelligent routing, Alpha signal discovery, and MEV protection. Designed for seamless and secure onchain trading, Super DEX enables users to access long-tail assets, optimize transaction efficiency, and capture new market opportunities — all within a single interface.

    “Super Month is a celebration of how far we’ve come in redefining the onchain trading experience,” said Alvin Kan, COO of Bitget Wallet. “With Super DEX, we’ve built a powerful product that bridges accessibility and performance. As we continue to expand through ecosystem partnerships like BNB Chain and more, our goal is to empower users with smarter tools and deeper opportunities in Web3.”

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser and crypto payment solutions. Supporting over 130 blockchains, 20,000+ DApps, and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3370e3b7-3b8f-4c7c-9a1b-513ea17202e4

    The MIL Network –

    March 25, 2025

  • MIL-OSI Europe: Briefing – EU energy relations with the Western Balkans – 24-03-2025

    Source: European Parliament 2

    The six countries that make up the region known as the Western Balkans differ in terms of size, population, economy, energy mix and energy import dependency. At the same time, they share common elements because of their geographical proximity, and – in some cases – common policies adopted in the past. An example is their ageing infrastructure dating back to the 1970s, which was damaged during the conflicts in former Yugoslavia. Another common element (except for Albania) is their reliance on solid fossil fuels (mainly coal), and their dependency on imports of fossil fuels. The EU is the leading trade partner for the countries of the Western Balkans and an important investor in the region. In addition, it is the largest provider of financial assistance to the region, supporting the six countries’ development and reforms, as well as its transition towards sustainable energy, with financial and technical assistance. The EU provides assistance through the Instrument for Pre-accession Assistance, the Western Balkans Investment Framework and the European Investment Bank. While the EU has an important role in the region, Russia and China are major players, too. Russia has been active for decades in the Western Balkans, while China has started engaging more recently. Their strategy also differs, with Russia more focused on exporting its fossil fuels to the region, and China investing through its Belt and Road Initiative. Nonetheless, such involvement creates dependencies, which could hamper these countries’ integration into the EU – from both a political and an energy/economic perspective – as well as the functioning of the EU itself. In this context, experts have noted what steps the EU and the countries in the region could take to lessen these dependencies, while enhancing the Western Balkan countries’ energy security and helping them take the necessary steps towards the green transition.

    MIL OSI Europe News –

    March 25, 2025

  • MIL-OSI Europe: Briefing – EU and Ukraine: Potential for stronger energy cooperation on the path to integration – 24-03-2025

    Source: European Parliament 2

    Ukraine is the second largest country on the European continent after Russia. Its oil, coal and gas reserves, as well as its geostrategic position, ensured its important role in energy trade, both during the Soviet Union and after its collapse. However, Russia’s initial invasion of Ukraine (since 2014), followed by a full-scale war of aggression against the country, have had severe human and economic impacts. In the energy area, for example, Russia’s strategy has been to weaponise (e.g. the occupation of Zaporizhzhia nuclear power station) or destroy (hydro and coal-fired power plants, as well as electricity grid substations) energy infrastructure. As a result, Ukraine’s electricity generation capacity has been severely limited. Moreover, its choice to be less dependent on Russian energy, and to apply for EU membership, means that, within a short time frame, it must rebuild its energy grid and orient it towards a future with less fossil fuels; all this while being in a war. Energy relations between the EU and Ukraine are multifaceted (e.g. the Energy Community; the memorandum of understanding on energy in 2005, updated in 2016; the association agreement signed in 2014). In future, they are due to be reframed under the institutional arrangements for the enlargement talks (after Ukraine was granted EU candidate status in 2022). Since the Russian invasion in 2022, to help Ukraine cope with the multiple challenges its energy grid has been facing, the EU has used several mechanisms and initiatives, such as successfully synchronising the Ukrainian grid with the Continental European Synchronous Area; the EU civil protection mechanism; the Ukraine Facility; the Ukraine Energy Support Fund; and the European Investment Bank. The outcome of the war is uncertain, and some see recent statements by the new United States administration as a significant setback for Ukraine. Others focus instead on the possibilities for further collaboration between Ukraine and the EU. They bring as examples the country’s vast gas reserves and infrastructure both to transport and to store natural gas, nuclear power or green hydrogen, provided that the country engages in the development of relevant infrastructure.

    MIL OSI Europe News –

    March 25, 2025

  • MIL-OSI: Johns Hopkins University School of Medicine Student Receives SBB Research Group Foundation STEM Scholarship

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 24, 2025 (GLOBE NEWSWIRE) — The SBB Research Group Foundation named Lisa Young a recipient of its STEM scholarship. The $2,500 award empowers students to create value for society by pursuing higher learning through interdisciplinary combinations of Science, Technology, Engineering, and Mathematics (STEM).

    Lisa Young, a fourth-year medical student, studies at the Johns Hopkins University School of Medicine. She is a Medical Student Anesthesia Research Fellow. She has conducted research in a neural engineering lab to investigate the effects of transcutaneous spinal cord stimulation on fine motor function in rats with cervical spinal cord injuries.

    “Lisa is working in extremely competitive areas of the medical field, and we are excited to see what she does with her experience,” said Matt Aven, co-founder and board member of the SBB Research Group Foundation.

    For eligibility criteria and more information on the Foundation’s STEM scholarship, please visit http://www.sbbscholarship.org.

    About the SBB Research Group Foundation

    The SBB Research Group Foundation is a 501(c)(3) nonprofit that furthers the philanthropic mission of SBB Research Group LLC (SBBRG), a Chicago-based investment management firm led by Sam Barnett, Ph.D., and Matt Aven. The Foundation sponsors the SBB Research Group Foundation STEM Scholarship, supporting students pursuing Science, Technology, Engineering, and Mathematics (STEM) degrees. In addition to its scholarship program, the Foundation provides grants to support ambitious organizations solving unmet needs with thoughtful, long-term strategies.

    Contact: Erin Noonan
    Organization: SBB Research Group Foundation
    Email: scholarship@sbbrg.org
    Address: 450 Skokie Blvd, Building 600, Northbrook, IL 60062 United States
    Phone: 1-847-656-1111
    Website: https://www.sbbscholarship.com/

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a3eb157a-17c0-4f39-9d3d-dcdb07edc9ef

    The MIL Network –

    March 25, 2025

  • MIL-OSI USA: Bonamici, NW Members Demand Trump Admin Not Close Portland, Seattle Housing Offices

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    March 21, 2025

    WASHINGTON DC [3/21/25] – Today Congresswoman Suzanne Bonamici (OR-1) led Senators Patty Murray (D-WA), Ron Wyden (D-OR), Jeff Merkley (D-OR) and Representatives Adam Smith (WA-9), Suzan DelBene (WA-1), Val Hoyle (OR-4), Andrea Salinas (OR-6), and Maxine Dexter (OR-03) in demanding that the Trump administration abandon plans to close the Department of Housing and Urban Development’s field office in Portland and regional office in Seattle.

    The Trump administration is reportedly planning to close a majority of HUD offices across the country, including the offices in Portland and Seattle. This move would be especially harmful to Region X, which includes Oregon, Washington, Idaho, and Alaska. The members noted that federal law requires HUD to maintain an office in every state, and that closing the offices in Portland and Seattle would mean the nearest HUD office will be in San Francisco, CA, more than 650 miles from Portland and 850 miles from Seattle.

    “We know how devastating it can be when services are moved out of state and implore you to keep the Seattle regional office and Portland field office open,” the Members wrote. “The Pacific Northwest is already experiencing a significant housing shortage. The closure of these regional and field offices would significantly hinder the ability of state agencies, public housing authorities, community-based organizations, and private developers and landlords to develop new housing and address this housing crisis.”

    The Members of Congress explained that regional staff have the expertise needed to meet local needs and are essential to provide vital services and technical assistance with mortgage assistance, affordable housing developments, fair housing claims, and more.

    “Field offices are the most direct touchpoint to navigate the complexities of federal housing assistance programs by providing eviction prevention assistance and other housing quality services to individuals and families with few or no other options,” the Members wrote. “The closure of these offices would result in undue risk for our constituents.”

    The full text of the letter can be found here and below.

    Dear Secretary Turner:

    We write to you with deep concern about recent reports indicating that your agency may plan to close a majority of its field and regional offices across the country. Specifically, we are concerned about the reported plan to close the regional office in Seattle, WA, and the field office in Portland, OR, which would leave our constituents without any support. Given the immense benefit these offices provide across the region, and the Department of Housing and Urban Development’s (HUD) statutory responsibility to maintain an office in every state  and to thoroughly analyze and publicly report on the impacts of any field office closures on costs, the local economy, and service delivery , we urge you to retain HUD’s footprint by keeping these offices open.

    Field office staff serve as primary points of contact who have both specialized expertise in housing assistance programs and an understanding of the local context. HUD field staff help communities problem solve, navigate administrative challenges, and respond to urgent needs and emergencies. Those staff are best able to perform these duties when they have a deep understanding of the local market and strong relationships with local partners. Should HUD decide to move forward with the planned closures, the nearest HUD office will be in San Francisco, CA, more than 650 miles from Portland and 850 miles from Seattle. These closures would have devastating effects on our communities as many projects currently in development would be delayed and specific program expertise lost.

    Regional and field offices provide a range of vital services and technical assistance to our constituents and the federal government, including processing applications for mortgage insurance for single-family homes, affordable housing developments, and other facilities. Regional and field offices also assist individual tenants, landlords, and municipalities with housing properties and resolve fair housing claims.  Field offices are the most direct touchpoint to navigate the complexities of federal housing assistance programs by providing eviction prevention assistance and other housing quality services to individuals and families with few or no other options. The closure of these offices would result in undue risk for our constituents.

    Housing stakeholders, including community members, State and local governments, Public Housing Authorities, and Housing Finance Agencies, also rely on HUD field offices to provide support for a wide range of needs and help navigate administrative challenges. For Public Housing Authorities, HUD field offices are the first point of contact for HUD concerns, support communities when disasters strike, and conduct environmental review of projects to determine if the project meets federal, state, and local environmental standards. For Housing Finance Agencies, HUD field offices are invaluable in bringing partners to the table to work together to provide financing and other services for multifamily affordable housing. HUD field offices have also been important to facilitating and supporting place-based community partnerships, like Promise Zones, EnVision Centers, and Opportunity Zones.

    We know how devastating it can be when services are moved out of state and implore you to keep the Seattle regional office and Portland field office open. In past years, HUD moved to transfer all of Oregon’s Multifamily Section 8 work to the regional office in San Francisco. This decision hurt the state’s ability to execute Multifamily Section 8 work, and Portland’s field office lost significant capacity to work through challenges. The Pacific Northwest is already experiencing a significant housing shortage. The closure of these regional and field offices would significantly hinder the ability of state agencies, public housing authorities, community-based organizations, and private developers and landlords to develop new housing and address this housing crisis.

    We request that you reevaluate any consideration of closure of field offices across the country and urge you to keep the Portland field office and Seattle regional office open. If these closures are under consideration, we ask that you explain why your agency is considering closing these offices, adhere to all statutory requirements to assess and publicly report on impacts before any staff changes are made, and respond to the concerns we raised about the lack of access to services that would result from any closures. Thank you for your immediate attention to this matter. We stand ready to work with you to keep these important services accessible to our constituents, and we look forward to receiving a response from you no later than Thursday, April 3, 2025.

    MIL OSI USA News –

    March 25, 2025

  • MIL-OSI United Kingdom: ‘Labour austerity will increase poverty and exacerbate inequality in Wales’ – Plaid Cymru

    Source: Party of Wales

    Ben Lake MP outlines alternative fiscal options instead of wide-ranging cuts

    Plaid Cymru’s Treasury spokesperson, Ben Lake MP, has written to Chancellor of the Exchequer Rachel Reeves ahead of the 2025 Spring Statement, urging the UK Government to reconsider planned spending cuts and ensure Wales receives fair funding.

    The Spring Statement, set to be delivered in the House of Commons on Wednesday, 26 March, will provide an update on the UK economy, public finances, and the Government’s economic objectives. The Office for Budget Responsibility (OBR) will publish its latest economic and fiscal forecast alongside the statement, with expectations that the UK’s economic outlook will be downgraded.

    Ben Lake MP has raised concerns that the UK Government’s response to this downturn – cutting public spending – will disproportionately impact the most vulnerable communities in Wales, exacerbating poverty and inequality.

    He has also highlighted the potential financial implications for Wales of England-only decisions, such as the abolition of NHS England, which could reduce the funds allocated to Wales through the Barnett Formula.

    In his letter, Ben Lake MP proposes several alternatives to the Chancellor’s current fiscal approach. These include:

    • Charging National Insurance on limited liability partnerships, such as large corporate law firms;
    • Closing tax loopholes that allow overseas-based online vendors to avoid VAT;
    • Ending subsidies for oil and gas companies.

    The Plaid Cymru MP also calls on the Chancellor to address the longstanding funding disparities faced by Wales. He notes that Northern Ireland’s Barnett Formula allocation is 9% higher than that of Wales, leaving Welsh public services underfunded. 

    In his letter, Ben Lake MP writes:

    “The Office for Budget Responsibility is widely expected to downgrade the performance of the UK economy, and I am concerned that the Government’s response to cut public spending will harm the most vulnerable in Wales by increasing poverty and exacerbating inequality.

    “Spending decisions which apply to England only, such as the decision to abolish NHS England, will nevertheless have implications for Wales by potentially reducing the amount received through the Barnett Formula.

    “I note that several practical alternatives have been proposed to raise additional revenue for the UK Government, and I would be grateful to understand whether they have been considered in advance of the Spring Statement. It has been estimated that charging National Insurance on limited liability partnerships such as large corporate law firms, for example, or closing loopholes allowing overseas-based online vendors to avoid paying VAT, in addition to cutting the subsides for oil and gas companies could raise billions to help meet the Government’s current fiscal rules without the need for further austerity.

    “The Spring Statement is also an opportunity to give Wales financial parity with the devolved nations so that the Welsh Government has the economic levers to grow the economy and improve livelihoods. For instance, Northern Ireland’s Barnett Formula needs-based funding is 9% higher than Wales’s which means Welsh public services such as health and housing are missing out on additional funding. Wales also lacks the ability to invest in infrastructure such as schools, hospitals and transport projects given that the Welsh Government has an annual capital borrowing limit of £150 million compared to the Scottish Government’s £450 million. I would be grateful to know whether the UK Government will look to address these inequalities as part of its ongoing negotiations with the Welsh Government on the Welsh Government Fiscal Framework.

    “I urge you to use this Spring Statement to fulfil the UK Government’s promise of not returning to a policy of austerity, and to introduce fair funding and investment powers for Wales.”

    MIL OSI United Kingdom –

    March 25, 2025

  • MIL-OSI Security: Minneapolis Man Pleads Guilty; Forty-Fifth Conviction in the $250 Million Feeding Our Future Fraud Scheme

    Source: Office of United States Attorneys

    MINNEAPOLIS – Abdihakim Ali Ahmed, a Minneapolis man, has pleaded guilty to wire fraud and money laundering for his role in the $250 million fraud scheme that exploited a federally funded child nutrition program during the COVID-19 pandemic, announced Acting U.S. Attorney Lisa D. Kirkpatrick.

    According to court documents, from September 2020 through January 2022, Abdihakim Ali Ahmed, 40, claimed to be operating a child nutrition site in St. Paul, Minnesota. As part of the scheme, on or about September 4, 2020, Ahmed registered ASA Limited LLC with the Minnesota Secretary of State. Four days later, Ahmed applied for ASA Limited to operate a purported food site in the Federal Children Nutrition Program under the sponsorship of Feeding Our Future at the Gurey Deli, a small market located in a St. Paul strip mall.  Ahmed submitted his application together with Aimee Bock, Feeding Our Future’s executive director. Within just three weeks of creating the ASA Limited site, Ahmed and his co-conspirators falsely claimed to be serving meals to 2,000 or 3,000 children each day, seven days a week. During the one-year period from September 2020 to September 2021, Ahmed his co-conspirators fraudulently claimed to have served more than 1.6 million meals at the ASA Limited site.

    To accomplish his scheme, Ahmed submitted multiple fake attendance rosters that purported to identify both the names and ages of approximately 2,000 children who attended the ASA Limited site’s “after-school program” in September through December 2021. The lists of names and ages were fake, and Ahmed’s roster spreadsheets contained a formula that inserted a random number between 7 and 17 in the age column for each “child” on the list.

    According to court documents, rather than use fraudulently obtained money to serve meals or feed children, Ahmed and his co-conspirators misappropriated much of it. Ahmed transferred hundreds of thousands of dollars to himself and other co-conspirators, which included transferring fraud proceeds to a shell company he created called 1130 Holdings Inc. He and his co-conspirators also created another shell company called Five A’s Projects LLC, where they transferred more than $1 million in Federal Child Nutrition Program funds. Ahmed used these proceeds to purchase the former location of Kelly’s 19th Hole, a bar and restaurant in Brooklyn Park, Minnesota, which will be now forfeited to the United States. Ahmed used more fraudulent proceeds to purchase a 2022 Mini Cooper vehicle, which has been seized and will be forfeited to the United States.

    According to court documents, Ahmed paid more than $49,000 in bribes and kickbacks to Abdikerm Eidleh, a Feeding Our Future employee, in exchange for sponsoring and facilitating ASA Limited’s fraudulent participation in the Federal Child Nutrition Program. In exchange, Feeding Our Future received nearly $400,000 in administrative fees for sponsoring ASA Limited’s participation in the program.  

    In total, Ahmed and his co-conspirators caused a loss of $7.3 million to Federal Child Nutrition Programs based on fraudulent claims submitted through Feeding Our Future.  

    “I am proud of the unrelenting efforts of our prosecution team to hold the defendants—who engaged in a massive pay-to-play fraud scheme that exploited Minnesota and the Federal Child Nutrition Program—accountable,” said Acting U.S. Attorney Lisa D. Kirkpatrick.  

    Ahmed pleaded guilty today in U.S. District Court before Judge Nancy E. Brasel. A sentencing hearing will be scheduled at a later date.

    The case is the result of an investigation by the FBI, IRS – Criminal Investigation, and the U.S. Postal Inspection Service.

    Assistant U.S. Attorneys Joseph H. Thompson, Matthew S. Ebert, Harry M. Jacobs, and Daniel W. Bobier are prosecuting the case. Assistant U.S. Attorney Craig Baune is handling the seizure and forfeiture of assets.

    MIL Security OSI –

    March 25, 2025

  • MIL-OSI: WithSecure Corporation: SHARE REPURCHASE 24.3.2025

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, STOCK EXCHANGE RELEASE, 24 March 2025 at 6.30 PM (EET)
         
         
    WithSecure Corporation: SHARE REPURCHASE 24.3.2025
         
    In the Helsinki Stock Exchange    
         
    Trade date           24.3.2025  
    Bourse trade         Buy  
    Share                  WITH  
    Amount             15 000 Shares
    Average price/ share    0,9489 EUR
    Total cost            14 233,50 EUR
         
         
    WithSecure Corporation now holds a total of 241 890 shares
    including the shares repurchased on 24.3.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
         
    On behalf of Withsecure Corporation  
         
    Nordea Bank Oyj    
         
    Janne Sarvikivi           Sami Huttunen  
         
         
    Contact information:    
    Laura Viita    
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation    
    Tel. +358 50 4871044    
    Investor-relations@withsecure.com    
         
         
         
         
         
         
         
         
         

    Attachment

    • WithSecure 24.3.2025

    The MIL Network –

    March 25, 2025

  • MIL-OSI United Kingdom: Road maintenance in England

    Source: United Kingdom – Executive Government & Departments

    Written statement to Parliament

    Road maintenance in England

    Local highway authorities will receive £500 million to fix potholes and £4.8 billion investment for National Highways to keep the strategic road network working.

    Today (24 March 2025) I am announcing 2 key measures to boost funding for transport as part of the government’s commitment to renew national infrastructure, improve England’s road network and drive growth as part of the Plan for Change.

    First, I am setting out the details of what local highway authorities across England will need to do to unlock their full share of the £500 million funding uplift that the government has announced for the 2025 to 2026 financial year. This will help ensure that every penny of taxpayer funding for road repairs is delivering results and will help tackle the pothole plague that is the result of a decade of underinvestment by the previous government.

    For the first time ever, local highway authorities will have to publish a succinct report in plain English by the end of June detailing what they are doing to improve the state of their local roads. This will shine a spotlight on what councils are doing with taxpayers’ money and allow local people to hold their councils to account. It will help ensure that the additional funding provided by my department will be spent delivering the improvements that local people have every right to expect.

    The department has provided a template for these reports, which sets out the information that is required. Each authority will need to explain how much it is spending on highway maintenance and how this has changed over time. Authorities will also need to give an overall picture of the condition of their roads, and a summary of how many potholes they have filled in each of the last 5 years, as well as what they are doing to shift their focus to long-term preventative maintenance. They will need to explain what they are doing to minimise the disruption caused by utility companies’ streetworks and to make their highway networks more resilient to the changing climate.

    Local highway authorities will also be required to send some further, more technical information to the department by the end of October. This will summarise what each authority is doing to follow best practice and deliver innovation and efficiency. Authorities will have to provide information on matters such as whether or not they carry out customer satisfaction surveys to allow the public to have a say on local priorities; and whether they benchmark their performance with other authorities.

    Authorities that comply in full with the requirements will receive their full share of the £500 million funding uplift, which for most authorities will mean an increase of almost 40% on average in highway maintenance funding compared to the current financial year. Authorities that do not meet these requirements will forfeit the final 25% of the funding uplift, with this money then redistributed to other councils to allow them to do even more to fix their local roads. Second, I am providing details of a £4.8 billion interim settlement for National Highways in 2025 to 2026 to keep the strategic road network working for the people and businesses that rely on it every day.

    Delivery of this investment focuses heavily on operating, maintaining, and enhancing the strategic network. Crucially, there is also a record investment in renewals, essential to keeping this vital network in good repair to avoid unplanned disruption, drive productivity and better connect people and business to support growth across the country.

    The current Road Investment Strategy (RIS) expires at the end of March 2025, and we intend to set a new multi-year strategy. But this requires time to plan and the choices we make in that strategy will be informed by this year’s Spending Review.

    In the absence of a RIS, I am laying in Parliament statutory directions and guidance to National Highways to cover the exercise of its functions beyond the expiry of the second Road Investment Strategy, from 1 April 2025 to 31 March 2026 inclusive.

    Updates to this page

    Published 24 March 2025

    MIL OSI United Kingdom –

    March 25, 2025

  • MIL-OSI United Kingdom: New sensory room for Little Explorers

    Source: City of Portsmouth

    The new sensory room features musical touch pads, liquid floor tiles, soft blocks and shapes, calming sensory lighting, a trampoline, a mini climbing wall, and much more. It offers an engaging environment where children can interact, explore, and enjoy sensory-rich activities.

    This latest addition complements Exploria’s original sensory room, which remains a popular attraction, offering exciting lights, sounds, and interactive touch features.

    Designed in partnership with occupational therapists from Hampshire and Isle of Wight Healthcare NHS Foundation Trust, the new sensory room has been created with accessibility in mind, ensuring it meets the needs of all Little Explorers, including those with additional needs.

    Entry to both sensory rooms is included in Exploria’s weekly SEN Play and SEN Play & Bounce sessions, as well as Play & Bounce and Weekday Play sessions for under-2s and 2-8-year-olds.

    Cllr Steve Pitt, Leader of Portsmouth City Council, said:
    “It’s great we’ve been able to provide a second sensory room at Exploria. It will give even more children access to a space designed to encourage learning, play, and social interaction in a safe and engaging environment.”

    On behalf of BH Live, Rob Cunningham, Director of Leisure and Business Development shared: “The new sensory room is a fantastic addition to Exploria’s fun-filled facilities. We hope this will encourage more young people across the city to explore what’s on offer at the centre, creating a safe space for visitors to learn and play.”

    Play & Bounce sessions are also included in selected BH Live Active Family and Junior membership packages. Sessions can be booked online at exploria.org.uk.

    ENDS

    MIL OSI United Kingdom –

    March 25, 2025

  • MIL-OSI: Purpose Unlimited to Acquire Steadyhand, a Canadian Investment and Wealth Management Company 

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 24, 2025 (GLOBE NEWSWIRE) — Purpose Unlimited Inc. (“Purpose”), a rapidly growing Canadian financial services firm known for helping advisors deliver outstanding client experiences through its asset management and wealth platforms, announced today that it has entered into a binding agreement to acquire all the issued and outstanding shares of Steadyhand Investment Management Ltd. (“ShIM”) and Steadyhand Investment Funds, Inc. (“SIFI,” and together with ShIM, “Steadyhand” or the “Company”), an independent wealth management firm serving Canadian investors based in Vancouver (the “Transaction”).  

    Founded in 2006, with more than $1.3 billion in assets across 3,900 investors, Steadyhand is a trusted investment manager for Canadians. With a focus on outcome-based investing and low-fee mutual funds, Steadyhand strives to deliver personalized advice with a human touch, ensuring a meaningful experience for every client. 

    The Transaction will increase Purpose’s total assets to over $30 billion and will combine Steadyhand’s personalized client service with Purpose’s advanced technology platform and investment management capabilities. This will accelerate both companies’ commitment to empowering Canadian investors with the tools and advice they need to succeed.  

    “Purpose is focused on improving the financial services experience through technology, innovative investment solutions, and a deep commitment to client service, so that it’s easier for Canadians to reach their financial goals,” said Som Seif, CEO and founder of Purpose. “Tom Bradley and the Steadyhand team share our passion for exceptional client service and goal-based investing, and we’re excited to bring their team onboard to accelerate our vision to empower more people to take control of their financial futures and build lasting success.”  

    “Steadyhand has been pursuing new opportunities to partner with a leading firm that will create long-term value for our clients,” said Tom Bradley, Chair and co-founder of Steadyhand. “Purpose stood out to us because of their commitment to client-focused innovation in wealth management. Purpose shares our vision of offering Canadian investors a fresh alternative—one that empowers them with cutting-edge technology and personalized service, instead of making trade-offs between high fees or impersonal service that doesn’t reflect their financial needs.” 

    Leveraging Purpose’s investment capabilities and wealth platforms, Purpose and Steadyhand together will focus on providing tailored solutions for individuals and families who are looking for more personalized wealth management services—whether they are saving for retirement, planning for a major life event, or seeking to simplify their investment strategies.  

    At the heart of this strategic Transaction is a shared respect for the client-centric cultures that both Purpose and Steadyhand have nurtured. Steadyhand’s strong relationships with clients will continue, and the Company will remain steadfast in its dedication to delivering high-quality, personalized advice. Every effort will be made to ensure continuity and a superior level of service for Steadyhand clients.  

    “At the end of the day, the Transaction will allow our team to do what we do best—provide responsive service, personalized advice and, most importantly, a steady hand,” concluded Bradley. 

    Other Transaction Details 

    In addition to customary closing conditions including required regulatory approvals, unitholders of the relevant Funds (as defined below) will be asked to approve the change of manager to Purpose Investments Inc. (“Purpose Investments”), Purpose’s asset management business and a wholly owned subsidiary of Purpose, and technical changes to the investment objectives of the Funds at special meetings. Details regarding the changes will be contained in the meeting materials to be mailed to unitholders of the Funds, which will be made available under each Steadyhand Fund’s profile at www.sedar.com. The Transaction is expected to close in [Q2 2025].  

    Following the closing of the Transaction, Steadyhand will amalgamate with Purpose Investments and all investment funds and portfolios managed by Steadyhand (the “Funds”) will be managed by Purpose Investments such that Purpose Investments will act as manager and/or trustee and/or portfolio manager in respect of the Funds going forward. SIFI will continue operating as a subsidiary of Purpose. 

    In connection with the proposed Transaction, Steadyhand referred the Transaction to the Independent Review Committee (the “IRC”) of the Funds, which acts in an advisory capacity representing the interests of the Funds and securityholders with respect to conflict of interest matters. The IRC has reviewed the Transaction and determined that if implemented, the Transaction, including the change in manager, would achieve a fair and reasonable result for each Fund. 

    Purpose was advised by Osler, Hoskin & Harcourt LLP. Steadyhand was advised by Relay Transition Partners and McCarthy Tétrault LLP. 

    About Purpose Unlimited 

    Purpose Unlimited is a growing independent financial services firm on a mission to redefine the industry by putting customers first and delivering innovative solutions that shape the future of finance. Purpose offers cutting-edge technology and a diverse suite of financial products and services to empower Canadians with the tools and advice they need to succeed. Founded and led by entrepreneur Som Seif, the firm’s businesses span asset and wealth management and small business financing and include Purpose Investments, Driven by Purpose, Advisor Solutions by Purpose and Longevity. For more information, please visit: https://www.purpose-unlimited.com/  

    About Steadyhand 

    Steadyhand is a low-fee investment firm with a mission of providing Canadians with a better investing outcome and a simpler, more personalized experience. It offers clear-cut advice, customized plans, and most importantly, a steady hand, to help investors achieve their financial goals. The firm has approximately $1.3 billion of assets under management with offices in Vancouver and Toronto. 

    For further information, please contact: 

    Jeff Gans 
    Chief Client Officer 
    Purpose Unlimited 
    jeff@purposeadvisorsolutions.com 

    David Toyne 
    Chief Development Officer 
    Steadyhand Investment Funds Inc. 
    1-888-888-3147 

    For media inquiries, contact:  
    Keera Hart  
    keera.hart@kaiserpartners.com  
    905-580-1257  

    The MIL Network –

    March 25, 2025

  • MIL-OSI Global: Giorgia Meloni’s government is still supporting Ukraine and backing NATO. Italy’s aerospace and defence sectors help explain why

    Source: The Conversation – France – By Jean-Pierre Darnis, Full professor at the University of Côte d’Azur, director of the master’s programme in “France-Italy Relations”. Associate fellow at the Foundation for Strategic Research (FRS, Paris) and adjunct professor at LUISS University (Rome), Université Côte d’Azur

    US President Donald Trump’s pivot toward Russia amid its war in Ukraine has collided with the stance of Italian Prime Minister Giorgia Meloni’s government, which has always shown unwavering support for Kyiv as well as loyalty to Washington. When Trump came to power, Meloni wanted to appear connected to his administration, hoping to play the role of a bridge with Europe while France and Germany were in unfavourable political cycles. Trump’s pivot led to a revival of France’s role in Europe, while Germany emerged from its electoral period with its likely next chancellor, Friedrich Merz, calling for European defence’s “independence from the USA”.

    Meloni’s position is not only weakening within the European context, where France, Germany and the UK play leading roles, but also in Italian politics, as US policy has created rifts within the three-part governing coalition. Meloni’s party, Fratelli d’Italia, supports Ukraine and Europe, as does Forza Italia. But the leader of Lega, Matteo Salvini, has come to embody Trumpism in Italy, taking an openly pro-Russian position and opposing European rearmament. If a break with Lega were to occur, it could call into question the viability of the government, as it would no longer hold an absolute majority in parliament.

    Anti-French rhetoric

    For her part, Meloni always tends to push back against any “European-only” defence solution proposed by France. This position is a way for Italy to avoid facing the fact that NATO has weakened. It also reactivates an anti-French rhetoric that is a classic refrain among Italian nationalists. Salvini has recently accused French President Emmanuel Macron of being “crazy” and calling for Europe to prepare for nuclear war.

    However, Macron has not made any significant missteps toward Italy. Since the first informal emergency meeting in Paris after Trump’s policy shift toward Ukraine (a gathering that included the UK, Germany, Italy, Denmark, the Netherlands, Spain and Poland), the Italian government has always been involved. Moreover, Macron’s policy convergence with UK Prime Minister Keir Starmer has dulled criticisms, because Rome is traditionally close to London.

    Both Meloni’s government and the opposition have put forward complicated if not unrealistic proposals for the war in Ukraine, such as a UN peacekeeping mission after a ceasefire, and repeatedly reaffirmed their commitment to NATO. In terms of public opinion, a poll published in mid-February – two weeks before Trump scolded Ukrainian President Volodymyr Zelensky during a White House visit – found that 69 percent of Italians “are favourable toward a common European army”.

    There is also a growing debate in Italy on nuclear deterrence. This issue had been taboo until now, with Italy benefitting from an arrangement in which US nuclear bombs are stored in bases on Italian soil. While Germany and Poland have expressed interest in an expansion of the French nuclear umbrella, Italian media and policymakers are also beginning to discuss it. The discussion may reflect doubts about US reliability within NATO, including Washington’s commitment to the alliance treaty’s Article 5, which holds that “an armed attack” on one member “shall be considered an attack against them all”.



    À lire aussi :
    French nuclear deterrence for Europe: how effective could it be against Russia?

    Defence ties to Europe

    There are also significant signals coming from Italian industry. While, in recent months, the Italian government appeared to want to use the telecommunications services of Starlink, the satellite network created by Elon Musk, for its defence needs, a contract no longer seems to be on the agenda. Musk’s fluctuating stance about the Starlink service provided to Kyiv, as well as the US decision that temporarily cut aid to Ukraine, introduced questions about reliability. This explains how, in just a few weeks, the French company Eutelsat, which owns the OneWeb constellation, has seen a resurgence of interest, as many countries assess its services as alternatives to Starlink. Following this turmoil, the Italian company Leonardo recently announced that it is planning to launch a constellation of 18 telecommunications satellites for defence purposes.

    These developments also tie into Italy’s industrial position in aerospace and defence, because Leonardo and Fincantieri, another large, publicly owned company, do not limit their markets to the Italian armed forces. As part of a European strategy, Leonardo concluded an agreement with the German company Rheinmetall in 2024 to jointly produce battle tanks, and recently announced an agreement with the Turkish company Baykar to produce drones. Leonardo is part-owner, along with French defence company Thales, of Telespazio and of Thales Alenia Space, and is also in discussions with Airbus to form a European satellite production group. In the missile sector, Leonardo’s participation in European joint venture MBDA allowed Italy and France to produce the SAMP/T anti-missile system, which could lead to further developments for the European missile-defence network. In shipbuilding, Fincantieri has expressed interest in merging its activities with the German group Thyssen Krupp Marine Systems. And in aircraft, Italy is participating in the Global Air Combat Programme, which includes the UK and Japan in the production of fighter jets. These examples show that Italian aerospace and defence development is intrinsically linked to European collaborations and export markets.

    Both in terms of industrial interests and politics, Italy is firmly anchored in the European camp. The positive stance that the Meloni government took toward Washington does not mean Rome is considering an alternative to EU affiliation. Italy is also facing continuous cyberattacks from Russian groups, which feeds a clear threat perception. The prime minister has stressed her differences with France and the UK during the recent European security summits, but while Italy may be reluctant to deploy peacekeeping troops in Ukraine, it cannot distance itself too much from the future defence architecture of Europe.

    Jean-Pierre Darnis ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’a déclaré aucune autre affiliation que son organisme de recherche.

    – ref. Giorgia Meloni’s government is still supporting Ukraine and backing NATO. Italy’s aerospace and defence sectors help explain why – https://theconversation.com/giorgia-melonis-government-is-still-supporting-ukraine-and-backing-nato-italys-aerospace-and-defence-sectors-help-explain-why-252683

    MIL OSI – Global Reports –

    March 25, 2025

  • MIL-OSI USA: Duckworth Visits Quad Cities International Airport, Underscores How Trump’s Illegal Funding Freeze Hurts Local Infrastructure and Jobs

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    March 22, 2025

    [MOLINE, IL] – U.S. Senator Tammy Duckworth (D-IL)—member of the U.S. Senate Committee on Commerce, Science and Transportation (CST) and Ranking Member of the Subcommittee on Aviation, Space and Innovation—today met with Quad Cities International Airport Director Benjamin Leischner and airport leadership to hear concerns about the impacts of Trump’s Federal Aviation Administration (FAA) staff cuts. Duckworth also discussed the over $2.7 million in federal funding she secured last year through the Airport Improvement Plan (AIP) for airfield safety. Photos of today’s visit are available on the Senator’s website.

    “Quad Cities International Airport is an essential economic hub for our state and the region,” Duckworth said. “During our meeting, we discussed how Donald Trump and Elon Musk’s FAA layoffs are jeopardizing safety at a time when we should be investing more in our aviation system—not less. As we continue to face an aviation safety crisis, I will keep working alongside QC Airport leadership to advocate for federal investments that will make our skies safer, modernize infrastructure and support economic development across the Quad Cities.”

    In September, Duckworth and U.S. Senate Minority Whip Dick Durbin (D-IL) announced a total of $37,031,074 in federal funding for infrastructure improvements at airports across Illinois—including $2,765,727 for the Quad Cities International Airport through the Airport Improvement Program (AIP). This funding, provided by the U.S. Department of Transportation’s Federal Aviation Administration, supports airport improvement projects across the state such as reinforcing taxiway structural integrity, expanding terminal buildings to accommodate more passengers and aircraft operations and implementing modernization measures. These measures include reducing noise pollution for nearby residents, increasing clean energy opportunities, improving drainage infrastructure and mitigating wildlife attractants.

    Earlier this month, Duckworth and Durbin sent a letter to Secretary of Transportation Sean Duffy criticizing the Trump Administration’s mismanagement of federal funding for Illinois transportation and infrastructure projects. In their letter, the Senators called for more clarity on the future of transportation and infrastructure grants and formula funding for states that were included in the Bipartisan Infrastructure Law, which was strongly supported by both Duckworth and Durbin.

    -30-

    MIL OSI USA News –

    March 25, 2025

  • MIL-OSI USA: Duckworth Visits Parr Instruments to Discuss Economic Impacts of Trump’s Tariffs on Illinois Manufacturing

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    March 22, 2025

    [MOLINE, IL] – U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Committee on Commerce, Science and Transportation (CST)—visited Parr Instrument Company yesterday to tour the facility and discuss with company leaders and members of the Illinois Manufacturing Excellence Center (IMEC) how Trump’s tariffs threaten Illinois’s manufacturing industry. For over 125 years, Parr Instrument Company has designed and built high precision laboratory equipment. However, because of President Trump’s reckless, blanket tariffs on critical materials such as steel and aluminum, Parr could face increased costs and supply chain disruptions, threatening jobs and the stability of their workforce. Photos of yesterday’s visit are available on the Senator’s website.

    “Trump’s chaotic, sweeping tariffs will negatively impact Illinois’s workforce and manufacturers, while harming our nation’s allies around the world,” Duckworth said. “The consequences of Trump’s needless trade wars will hurt key Illinois manufacturers like Parr Instrument Company, which employs many hardworking, middle-class workers across the Quad Cities. I’m proud to work alongside Illinois manufacturing leaders as we continue to push back against Trump and his one-sided political interests.”

    “It was a pleasure and honor to host Senator Duckworth at our facilities at Parr Instrument Company,” said Jim Nelson, President and Chief Executive Officer of Parr. “I appreciated the Senator’s sincere interest in the challenges small and mid-size manufactures are facing in today’s world. She takes a pragmatic approach to the issues and works in a bipartisan manner in her your representation of her constituents.”

    Duckworth is a proven leader in securing international investments that drive commerce and job growth in Illinois—all while strengthening economic ties with Indo-Pacific nations and improving security in the region. As a member of the U.S. Senate Foreign Relations Committee, Duckworth led a bipartisan delegation of her Senate colleagues to Taiwan last year to further enhance our bilateral economic ties, including deepening our trade ties on chip manufacturing and agricultural investments.

    Parr Instrument Company, based in Moline, Illinois, designs, manufactures, and sells laboratory instruments for testing fuels and conducting chemical reactions under heat and pressure. Its equipment is used in chemical, petrochemical, pharmaceutical, and biotech research labs. The company employs about 100 skilled professionals and machinists at its Moline plant and operates a sales and service branch in Frankfurt, Germany.

    -30-

    MIL OSI USA News –

    March 25, 2025

  • MIL-OSI: Subsea 7 S.A. – 1Q25 earnings call notification

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg –24 March 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its first quarter 2025 results for the period ended 31 March 2025 on Wednesday 30 April 2025 at 08:00 CET.

    A conference call and simultaneous webcast for the investment community will be held on Wednesday 30 April 2025 at 12:00 UK / 13:00 CET.

    From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website: www.Subsea7.com

    Conference call registration:
    Phone: https://register-conf.media-server.com/register/BI419d51592b6f40e8823c7efe91ab9dab
    Webcast: https://edge.media-server.com/mmc/p/3v6564ut/        

    Please note that questions can only be submitted from a phone line.

    *******************************************************************************
    Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

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

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

    Contact for investor enquiries:
    Katherine Tonks
    Head of Investor Relations
    Subsea 7 S.A.
    Tel +44 20 8210 5568
    ir@subsea7.com

    www.subsea7.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 24 March 2025 at 16:30 CET.

    Attachment

    • SUBC 1Q25 Conference Call

    The MIL Network –

    March 25, 2025

  • MIL-OSI: Registration of share capital increase in IDEX Biometrics 24 March 2025

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the announcement by IDEX Biometrics ASA on 18 March 2025 regarding the results of the exercise of Warrants A.

    A total of 17,258 Warrants A were exercised, resulting in an aggregate subscription for 17,258 new shares, each Warrant A having an exercise price of NOK 0.15.

    The share capital increase has been registered in the Norwegian Register of Business Enterprises. Following the issue, IDEX Biometrics ASA share capital is NOK 124,739,134.80, divided into 831,594,232 shares, each with a nominal value of NOK 0.15.

    For further information contact:

    Marianne Bøe, Head of Investor Relations, Tel: +47 91800186

    Kristian Flaten, CFO, Tel: +47 95092322

    E-mail: ir@idexbiometrics.com

    About IDEX Biometrics:

    IDEX Biometrics ASA (IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com .

    About this notice

    This notice was published by Kristian Flaten, CFO, 24 March 2025 at 16:35 CET on behalf of IDEX Biometrics ASA.  This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.

    The MIL Network –

    March 25, 2025

  • MIL-OSI Africa: Cameroon: African Development Bank Group approves €330 million loan to upgrade Ngaoundéré-Garoua road to improve connectivity and strengthen regional integration

    Source: Africa Press Organisation – English (2) – Report:

    YAOUNDE, Cameroon, March 24, 2025/APO Group/ —

    The African Development Bank Group (www.AfDB.org) has given the green light to a loan of €330.48 million to Cameroon to redevelop and widen a key section of the Douala-Ndjamena economic corridor, a vital part of plans promoting strengthened regional integration.

    The financing agreement for the 246-km-long Ngaoundéré-Garoua section of the Douala-Ndjamena economic corridor, one of the most strategic corridors in Central Africa, comes under  part of Phase 4 of the Transport Sector Support Programme (PAST4).

    It was signed on 19 March 2025 in Yaoundé by Solomane Koné, the African Development Bank Group’s Acting Director General for Central Africa, and Alamine Ousmane Mey, Minister of Economy, Planning and Regional Development and Governor of the Bank for Cameroon.

    “The redevelopment of the Ngaoundéré-Garoua road section is crucial to the competitiveness of our economy, due to improved connectivity and easier movement,” said Mey. “[…] It will also enable us to make better use of the agro-pastoral and commercial potential of the areas it crosses, to the great benefit of local communities.”

    Koné added: “Phase 4 of the Transport Sector Support Programme, approved by the Board of Directors of the African Development Bank on 13 December 2024, was designed to amplify the impact of the Bank Group’s previous actions and to support its leadership and its dynamic cooperation with Cameroon within the transport sector.”

    The ceremony was attended by Hilarion Etong, Senior Deputy Speaker of Cameroon’s National Assembly, and several members of the government, including Jean Ernest Ngallé Bibéhè, Minister of Transport, Emmanuel Nganou Djoumessi, Minister of Public Works, and Ibrahim Talba Malla, Minister Delegate to the Presidency in charge of Public Contracts, as well as local elected representatives and governors of regions such as Adamaoua and the North.

    The Bank Group will provide 97 per cent of the total cost of Phase 4 of the Transport Sector Support Programme, which amounts to €340.7 million. The Government of Cameroon will contribute €9.14 million.

    The aim of the programme is to modernise a strategic section of Cameroon’s road network, which is essential for transporting people and goods between the north and south of the country. To enhance traffic flow, three interchanges are also planned. The programme includes measures to improve transport and support local residents, specifically through the construction of socio-economic infrastructure such as markets, schools and health centres. Bringing this stretch of road up to international standards will have a highly positive impact on the competitiveness of the economy and the dynamics of integration in the sub-region.

    “Cameroon’s geostrategic position places our country at the core of the integration challenges facing the CEMAC (https://apo-opa.co/41UocZF) (Economic and Monetary Community of Central Africa) region,” explained Mey. “An improved Ngaoundéré-Garoua section will undoubtedly boost cross-border trade by significantly increasing traffic on the Garoua-Maroua-Kousseri-Ndjamena road (in Chad) and the Garoua-Magada-Yagoua-Bongor-Ndjamena road.”

    Phase 4 of the Transport Sector Support Programme is in keeping with Cameroon’s National Development Strategy for 2020-2030 (SND30) and the Bank Group’s priorities in Cameroon’s Country Strategy Paper for 2023-2028, which is aligned with the objective of diversifying Cameroon’s economy, in particular by facilitating access to markets for agricultural and industrial producers in the north of the country.

    The African Development Bank Group and Cameroon are strategic partners, particularly in the infrastructure sector, with investments of $1.88 billion in transport infrastructure. The Bank Group’s commitment is reflected in major investments in the construction and upgrading of roads, bridges and strategic corridors, thereby facilitating the movement of people and the transport of goods on a national and regional scale. By adopting an integrated and inclusive approach in line with its Ten-Year Strategy 2024-2033, the Bank Group is stimulating the structural transformation of the economy and regional integration, with a view to sustainable growth and job creation for the benefit of inhabitants.

    MIL OSI Africa –

    March 25, 2025

  • MIL-OSI United Nations: UNAIDS chief warns of ‘real surge’ in deaths unless US restores funding

    Source: United Nations 2

    24 March 2025 Health

    Amid continuing uncertainty about the impact of deep US funding cuts to humanitarian work worldwide, the head of the UN agency coordinating the fight against HIV-AIDS warned that an addition 6.3 million people will die in the next four years, unless support is reinstated.

    “We will see a …real surge in this disease – [we] will see it come back and we see people dying the way we saw them in the 90s and in 2000s,” said Winnie Byanyima, UNAIDS Executive Director, pointing to a “tenfold increase” from the 600,000 AIDS-related deaths recorded globally in 2023.

    “We also expect an additional 8.7 million new infections. At the last count, there were 1.3 million new infections globally (in) 2023”.

    Speaking in Geneva, Ms. Byanyima noted that the funding freeze announced by the White House on 20 January was due to end next month, after a 90-day review.

    “We have not heard of other governments pledging to fill the gap,” she told journalists.

    Already, drop-in centres where HIV patients can pick up the anti-retroviral medicines they need are not reopening, “for fear that this might not be consistent with the new guidelines”, she maintained.

    “This sudden withdrawal of US funding has led (to) shutting down of many clinics, laying off of thousands of health workers, these are nurses, doctors, lab technicians, pharmacy workers…it’s a lot.”

    Focus on Africa

    Focusing on Africa – where the east and south of the continent share 53 per cent of the global HIV burden – Ms. Byanyima warned that closing down “all of a sudden drop-in centres for girls and young women will be disastrous, because more than 60 per cent of new infections – amongst young – new infections on the continent are amongst girls and young women”.

    Speaking to UN News earlier this month, the head of the UNAIDS office in the Democratic Republic of the Congo (DRC), Susan Kasedde, said there were still major questions over the extent and scope of cuts due to be made to US PEPFAR initiative programmes, which began in 2003 to prevent and contain HIV infections – the presidency’s emergency plan which has saved an estimated 26 million lives.

    There are currently around 520,000 people living with HIV in the DRC, including 300,000 women and 50,000 children. The epidemic continues to grow, as the number of new infections is almost double the number of deaths linked to the disease.

    PEPFAR’s expected contribution for the 2025 fiscal year was due to be $105 million, and it aims to provide treatment half of the population living with HIV in the DRC – some 209,000 people.

    “This means that we currently have 440,000 people living with HIV who are on treatment. Thanks to this treatment, they are alive”, said Ms. Kasedde.

    “And then treatment cannot work without operational capacity, treatment cannot be provided if there is not a proper-functioning supply chain”, she stressed, pointing out that the response to HIV in the DRC involve largely interdependent programmes which reinforce each other.

    Global impact of cuts

    Several other UN agencies that are heavily reliant on US funding have also warned that the cut in support – in addition to chronic under-investment in humanitarian work globally – is already having a serious impact on the communities they serve.

    On Friday, the UN refugee agency, UNHCR, said that thousands have been left without lifesaving aid in the war-torn eastern Democratic Republic of the Congo.

    The UN International Organization for Migration (IOM) also announced that funding cuts have severe repercussions for vulnerable migrant communities, exacerbating humanitarian crises and undermining essential support systems for displaced populations.

    Together with IOM, the UN Children’s Fund (UNICEF) warned last Friday that that the liquidity crunch has jeopardized lifesaving work, including progress in reducing child mortality, which has fallen by 60 per cent since 1990.

    “It is reasonable for the United States to want to reduce its funding – over time. But the sudden withdrawal of lifesaving support is having a devastating impact across countries, particularly Africa, but even in Asia and Latin America,” said UNAIDS’ Ms. Byanyima.

    “We urge for a reconsideration and an urgent restoration of services – of life-saving services.”

    Presidential appeal

    And in a direct appeal to President Donald Trump, the UNAIDS chief noted that just as President George W Bush had introduced the groundbreaking PEPFAR initiative, the new White House incumbent could also be part of the “prevention revolution”, involving injectable HIV injections that are required just twice a year to provide protection.

    “The deal is that an American company is enabled to produce and to license generics across the regions to produce millions and roll out this injectable to those who really need it,” she insisted.

    According to UNAIDS, approximately 40 million people globally live with HIV, based on 2023 data. Of this number, some 1.3 million became newly infected with HIV in the same year and 630,000 people died from AIDS-related illnesses.

    MIL OSI United Nations News –

    March 25, 2025

  • MIL-OSI: XploraDEX Launches Secure, Transparent AI-Powered DEX on XRP Blockchain—$XPL Presale Now Live

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, Switzerland, March 24, 2025 (GLOBE NEWSWIRE) — Security and transparency are the cornerstones of any truly sustainable DeFi ecosystem and that’s exactly where XploraDEX stands out. As the first AI-powered decentralized exchange on XRPL, XploraDEX is rewriting the rules for how trust is built in Web3 trading environments.

    While other DEXs rely on complex user interfaces, opaque operations, and centralized decision-making, XploraDEX provides a fully decentralized, AI-enhanced trading platform with real-time visibility, verified on-chain activity, and non-custodial architecture from day one.

    With $XPL Token Presale currently live, early investors now have the opportunity to support and benefit from a platform committed to long-term trust, security, and innovation.

    The Challenge: DeFi Users Still Struggle with Transparency and Safety

    Despite DeFi’s growth, traders and liquidity providers still face major concerns:

    Hidden token mechanics and governance changes

    Security vulnerabilities in smart contracts

    Exploitable liquidity and rug pull risks

    Centralized control over supposedly decentralized platforms

    XploraDEX is built from the ground up to solve these problems using advanced AI logic and bulletproof smart contract design.

    GET $XPL TOKENS NOW

    The XploraDEX Security & Transparency Advantage

    Here’s how XploraDEX sets a new standard for trust in DeFi:

    Fully Audited Smart Contracts – Developed and stress-tested for resilience and exploit protection.

    On-Chain AI Execution Logs – Every trade executed by the AI engine is visible, traceable, and verifiable by the community.

    Non-Custodial Trading Framework – Users maintain 100% control of their assets with no third-party risk.

    AI-Powered Fraud Detection – Real-time detection of suspicious trading behavior and liquidity manipulation.

    Decentralized Governance – All protocol upgrades, liquidity program changes, and AI enhancements are subject to $XPL holder voting.

    Security + Transparency = Trust. And trust is the most valuable currency in DeFi.

    PARTICIPATE IN $XPL PRESALE

    $XPL Token – Empowering a Transparent DeFi Future

    The $XPL Token is not only the utility engine of the XploraDEX ecosystem—it’s also the key to community-led trust and governance.

    Holders of $XPL Gain:

    Access to AI features and trade automation

    Trading discounts and platform rewards

    Voting rights on protocol and AI system upgrades

    Staking incentives for long-term platform supporters.

    By participating in $XPL Presale, investors get early access to a token that isn’t just about hype—it’s about building DeFi infrastructure that lasts.

    Buy $XPL token at discounted early-stage pricing: https://sale.xploradex.io

    Don’t Just Trade—Trade Transparently with XploraDEX

    As DeFi continues to grow, trust will be the deciding factor in which platforms thrive—and which ones disappear. XploraDEX’s AI-enhanced security and real-time transparency model make it one of the most sustainable, user-focused launches on XRPL.

    With the $XPL presale live now, early adopters can:

    Get $XPL at discounted prices before public release

    Join a fast-growing, security-first trading ecosystem

    Participate in a community-led governance model from day one, Be part of the most secure and transparent DEX on XRPL.

    Secure your $XPL Tokens today: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

    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/99231e32-d928-400b-b24b-f5a354609d61

    The MIL Network –

    March 25, 2025
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