Category: Business

  • MIL-OSI USA: Support Pours in for President Trump, VP Vance’s America First Strength

    US Senate News:

    Source: The White House
    Today, President Donald J. Trump and Vice President JD Vance made clear to the world that the United States will not be taken advantage of — a sentiment echoed by the cabinet and members of Congress from across the country.
    Secretary of State Marco Rubio: “Thank you @POTUS for standing up for America in a way that no President has ever had the courage to do before. Thank you for putting America First. America is with you!”
    Sen. Lindsey Graham: “I’ve never been more proud of President Trump for showing the American people — and the world — you don’t trifle with this man … He wanted to get a ceasefire. He wants to end the war and Zelenskyy felt like he needed to bait Trump in the Oval Office.”
    Secretary of Homeland Security Kristi Noem: “I am so proud of our Commander-in-Chief. Thank you President @RealDonaldTrump and @VP for standing up for America. We will not tolerate the political games and disrespect of America. America is back.”
    Secretary of Defense Pete Hegseth: “Amen, Mr. President.”
    Secretary of the Treasury Scott Bessent: “Thank you, President Trump, for standing up for the American people and our nation on the global stage.”
    Secretary of the Interior Doug Burgum: “Thank you @POTUS for standing strong for America while working to end the killing abroad.”
    Secretary of Agriculture Brooke Rollins: “American leadership is back — in the Oval Office — and on the world stage. FEARLESS. BOLD. RELENTLESS. We will save America.”
    Secretary of Transportation Sean Duffy: “Thank you @POTUS for standing up for the United States. The American people will not stand for disrespect of our President, Oval Office, or our generous taxpayers. Peace is only accomplished through strength and our allies need to understand that.”
    Secretary of Housing and Urban Development Scott Turner: “President Trump is standing up for forgotten Americans, not endless foreign wars. Biden’s legacy — increased homelessness, record high interest rates, all-time highs to buy a house, and Americans footing the bill. That ended January 20th. The American people are behind @POTUS.”
    Sen. Jim Banks: “Thank you President Trump for standing up for America!”
    Sen. Marsha Blackburn: “Thank you President Trump and VP Vance or standing up for America.”
    Sen. Bill Hagerty: “The United States of America will no longer be taken for granted. The contrast between the last four years and now could not be more clear. Thank you, Mr. President.”
    Sen. Josh Hawley: “Remember: the U.S. Senate has repeatedly and for years voted BILLIONS of taxpayer dollars to Ukraine with no strings attached and with no true oversight. It’s time for some ACCOUNTABILITY.”
    Sen. Jim Justice: “Glad to have a @POTUS and @VP in charge that absolutely put America FIRST.”
    Sen. Mike Lee: “Thank you for standing up for OUR COUNTRY and putting America first, President Trump and Vice President Vance!”
    Sen. Bernie Moreno: “Finally we have a President who will speak the TRUTH and stand up against Washington’s endless wars. American taxpayers have been funding this war, it’s time to stop the killing and stop risking World War 3!”
    Sen. Markwayne Mullin: “Under this President— the greatest, freest, and most generous nation on Earth is putting America First. I’d encourage anyone who has a problem with that to reevaluate their priorities.”
    Sen. Rick Scott: “Thank you President Trump for standing up for America.”
    Sen. Eric Schmitt: “It’s about time we have leaders who say what the American people are really thinking and prioritize the core national interests of America. The American taxpayer is tapped out, and President Trump and VP Vance are spot on.”
    Sen. Tommy Tuberville: “Thank you Mr. President and Vice President Vance for putting America first”
    Majority Leader Steve Scalise: “President Trump is fighting for PEACE around the world and is putting America First as our best negotiator—he’s the only one to get Russia to the table to consider a serious and lasting peace agreement with Ukraine.”
    Chairwoman Lisa McClain: “President Trump inherited this war. He has said from the beginning he wants to bring peace. @POTUS is a strong leader, and I know his negotiations will bring a deal together.”
    Rep. Andy Biggs: “Gone are the days of foreign leaders walking all over us and snubbing their noses at America’s generosity. There’s a new President and Vice President in town. World leaders would be wise to humble themselves.”
    Rep. Tim Burchett: “Job well done by @realDonaldTrump and our VP @JDVance. Give respect to get respect.”
    Rep. Mike Collins: “Thank God we finally have a @POTUS who is willing to put America FIRST. Blessed are the peacemakers.”
    Rep. Eli Crane: “America First. Thank you, President Trump and Vice President Vance.”
    Rep. Dan Crenshaw: “If you are the leader of a country in a dire situation with no path to peace without American support, do not come into the Oval Office and argue with the President of the United States in public. Just a word of advice.”
    Rep. Andrew Clyde: “President Trump and Vice President Vance are standing up for the AMERICAN PEOPLE. Our great country will NOT be taken advantage of or disrespected.”
    Rep. Byron Donalds: “This is what putting the AMERICAN PEOPLE FIRST looks like. Thank you @realdonaldtrump and @JDVance for standing up for our nation.”
    Rep. Brandon Gill: “America First in action. Thank you, @realdonaldtrump and @JDVance, for prioritizing our people and for promoting peace!”
    Rep. Lance Gooden: “President @realdonaldtrump and Vice President @JDVance will never allow the United States to be disrespected or taken advantage of. America First, always!”
    Rep. Paul Gosar: “Thank you, Mr. President and Vice President. The days of the USA getting pushed around are clearly over.”
    Rep. Marjorie Taylor Greene: “President Trump and Vice President Vance will put America First every single time. Putting Zelensky in his place while he disrespects the U.S. in the Oval Office is exactly what American leadership should look like. This is what We The People want to see!”
    Rep. Pat Harrigan: “America’s priorities come first. @POTUS and @VP made it clear—Ukraine’s interests are not America’s interests. We’ve spent hundreds of billions with no accountability, no clear objectives, and no plan for peace. It’s time to put America first and end this war.”
    Rep. Mark Harris: “Thank you, President Trump and Vice President Vance, for boldly defending America’s interests. This is PEACE THROUGH STRENGTH”
    Rep. Diana Harshbarger: “The act displayed by Zelenskyy in the Oval Office was nothing short of a massive show of disrespect for the Trump Administration and the American people. Despite this, President Trump and Vice President Vance are holding the line and trying to end this conflict peacefully. God bless them both.”
    Rep. Wesley Hunt: “You do NOT blame the people fighting to save your country! America leads—no more excuses!”
    Rep. Nancy Mace: “Peace through strength live from the Oval”
    Rep. Thomas Massie: “Is this the end of Zelensky’s presidency? He hitched his wagon to Biden and the deep state. They lost and now he doesn’t seem to be playing his cards well.”
    Rep. Brian Mast: “American won’t be taken advantage of and America won’t be taken for granted. Thank you, President Trump and Vice President Vance for standing up for America.”
    Rep. Addison McDowell: “AMERICA AND THE AMERICAN TAXPAYER ALWAYS COME FIRST”
    Rep. Mary Miller: “What has happened in Ukraine is a travesty. Joe Biden threw “gas on the fire.” Ukraine lost an entire generation, and Americans hundreds of billions in tax dollars. We thank God for giving us strong leadership. Thank you @POTUS and @VP for putting America’s interests first, and working to end this terrible war.”
    Rep. Riley Moore: “It is amazing to have a President and VP who put America First! Thank you President Trump and VP Vance for fighting for our country and our people!”
    Rep. Troy Nehls: “President Trump and Vice President Vance are standing up for the American people. This is America First leadership on display. Thank you POTUS and VP!”
    Rep. Ralph Norman: “THIS is strong leadership that is ensuring we put the American people FIRST. Thank you @realDonaldTrump and @JDVance for standing up for our nation.”
    Rep. Andy Ogles: “This is what it looks like to stand up for America.”
    Rep. Mike Rulli: “You don’t have the cards!”
    Rep. Keith Self: “TOUGH and FAIR. The world is witnessing American leadership back in the White House. Thank you President Trump and Vice President Vance.”
    Rep. Victoria Spartz: “Zelensky is doing a serious disservice to the Ukrainian people insulting the American President and the American people – just to appease Europeans and increase his low polling in Ukraine after he failed miserably to defend his country. This is not a theater act but a real war!”
    Rep. Greg Steube: “Ridiculous grandstanding by Zelensky in the Oval Office. The United States has spent hundreds of billions of dollars to defend Ukraine. And this is the thanks the American people get?  It’s time to end this war.”
    Rep. Marlin Stutzman: “TRUMP IS THE GREATEST NEGOTIATOR AMERICA HAS EVER HAD! AMERICA IS BEING MADE GREAT BEFORE OUR VERY EYES!”
    Rep. Andy Weber: “America FIRST. Strong, unapologetic leadership on the world stage is BACK!”
    Rep. Joe Wilson: “I agree with President Trump that Ukrainian soldiers have been unbelievably brave! Critical Minerals Deal a major step forward toward ending the war responsibly. More sanctions on Russia & arms for Ukraine create maximum leverage for FULL land swap Art of the Deal!”

    MIL OSI USA News

  • MIL-OSI USA: Duckworth, Booker, Blunt Rochester Urge Trump Administration to Reopen EPA Environmental Justice Office That Helped Most Disadvantaged Communities Solve Environmental and Public Health Challenges

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    February 28, 2025

    [WASHINGTON, D.C.] – Today, U.S. Senators Tammy Duckworth (D-IL) and Cory Booker (D-NJ)—founding co-chairs of the Senate’s first-ever Environmental Justice Caucus—along with U.S. Senator Lisa Blunt Rochester urged EPA Administrator Lee Zeldin to reopen the EPA’s Office of Environmental Justice and External Civil Rights (OEJECR), which Duckworth and Booker led the charge to create, so the office can continue helping our most disadvantaged communities in rural, urban and tribal areas by improving access to clean drinking water, addressing legacy pollution that has led to higher cancer, asthma and death rates and more. Additionally, the Senators are demanding a more detailed explanation behind why the Trump Administration decided to abolish such a critical office and how the Administration is planning to ensure victims of environmental harm receive the attention, resources and protections they deserve.

    “The closure of this office which assisted underserved communities across the country leaves us seriously questioning your commitment to adhere to the Congressional appropriations process of the agency and address the impacts of pollution on communities in urban, suburban, and rural America,” wrote the lawmakers. “The 168 EPA staff placed on administrative leave were dedicated, trusted in their community, and worked to help Americans overcome the public health and economic effects of pollution. We strongly urge you to reinstate this workforce and to provide Congress and the American people a reasonable strategy to make their communities healthier and cleaner.”

    In addition to Duckworth, Booker and Blunt Rochester, the letter is co-signed by U.S. Senators Angela Alsobrooks (D-MD), Richard Blumenthal (D-CT), Chris Coons (D-DE), Dick Durbin (D-IL), Andy Kim (D-NJ), Ed Markey (D-MA), Jeff Merkley (D-OR), Alex Padilla (D-CA), Bernie Sanders (I-VT), Adam Schiff (D-CA), Tina Smith (D-MN), Chris Van Hollen (D-MD), Sheldon Whitehouse (D-RI) and Ron Wyden (D-OR).

    The full text of the letter is available on Senator Duckworth’s website and below:

    Dear Administrator Zeldin,

    We write to you today to express our deep concern regarding the Environmental Protection Agency’s (EPA) recent decision to shut down the Office of Environmental Justice and External Civil Rights (OEJECR). In the United States, communities across the country lack access to safe and reliable drinking water and sewer systems, and remain exposed to pollution that causes cancer and respiratory illnesses. These issues impact every state and community type from cities to rural and farming communities, to tribal lands. Many of these areas were deliberately targeted due to their demographics for the siting of polluting activities.

    The closure of this office which assisted underserved communities across the country leaves us seriously questioning your commitment to adhere to the Congressional appropriations process of the agency and address the impacts of pollution on communities in urban, suburban, and rural America. The 168 EPA staff placed on administrative leave were dedicated, trusted in their community, and worked to help Americans overcome the public health and economic effects of pollution. We strongly urge you to reinstate this workforce and to provide Congress and the American people a reasonable strategy to make their communities healthier and cleaner. Established in 1992 under a different name by President George H.W. Bush, OEJECR has played a pivotal role in ensuring that these communities, often marginalized and ignored, receive the attention, resources, and protections they deserve.

    This office and its staff ensure the EPA prioritizes its work to lend a hand for these communities in their fight to reduce environmental disparities and promote health outcomes. This office ensured the EPA centered its work on the experiences and concerns of Americans. Its closure, especially without an adequate replacement, suggests that EPA’s posture will be one that ignores the concerns of families experiencing the health and economic effects of a polluted environment.

    We are seriously concerned that the closure of this successful office comes with no alternative vision or strategy to help Americans overcome the public health issues pollution poses to their communities. For example, in February 2023, the EPA worked with the U.S. Department of Justice to file a suit against Denka Performance Elastomer for emitting cancerous air pollutants 14 times the recommended level 450 feet from a majority Black elementary school. Also, in June of 2023, a settlement agreement with the City of Houston was announced because of illegal dumping taking place in a majority Black and Latino neighborhood. Lastly, in July 2024, the EPA announced a settlement agreement with Marathon Oil arising out of the company’s violation of air emission regulations and permit laws at nearly 90 oil and natural gas production facilities on the Fort Berthold Indian Reservation in North Dakota. These are only a few legal actions initiated by the EPA that displays the need of a dedicated office tasked with engaging and providing resources to communities who are the victims of environmental harm.

    Without the specialized expertise of this office and its 168 employees, the EPA will be ill equipped to achieve your stated outcome that “every American should have access to clean air, land, and water.” Instead, what we fear is an EPA that is devoid of the strategies necessary to confront the challenges faced by environmental justice communities disproportionately affected by the impacts of environmental degradation and climate change. Further, OEJECR managed the environmental justice mapping tool, EJScreen, which you have scrubbed from your website. EJScreen is a valuable tool, not only for EPA to ensure fully informed permitting, enforcement, outreach, and compliance decisions, but also for other federal agencies, state and local partners, industry, and communities across the country.

    Absent strong leadership by the EPA and the resources to address these concerns, a dangerous precedent will be set, signaling that the federal government will no longer be a resource to all Americans, especially those in areas overburdened by pollution and the accompanying health burden. Congress has been clear that the EPA must prioritize combating pollution in marginalized communities around the country. It has directed appropriations toward offices like the OEJECR and programs that address environmental justice. For many years, the EPA has had an environmental justice line item under the agency’s enforcement unit. Congress explicitly directed the EPA to work on environmental justice in the explanatory statement to Public Law 117-103, going so far as to direct the EPA to provide to Congress a “comprehensive briefing” on how environmental justice work will be executed by the Agency and to create a proposal of a “national program office” centered on the work.

    We strongly urge you to reinstate the Office of Environmental Justice and External Civil Rights and its workforce. Further, to better help us understand how and why you reached this decision and your strategies to combat these real public health concerns, please provide responses to the following requests for information by no later than March 17, 2025:

    1. Please explain in detail the process by which this decision was made and how it was communicated to staff.
    1. Please explain thoroughly how you will continue to execute programs such as the Environmental Justice Community Change Grants Program, Environmental Justice Thriving Communities Grantmaking Program, the Environmental Justice Small Collaborative Problem Solving Grants Program, the Environmental Justice Government to Government Grants Program, and the Thriving Communities Technical Assistance Centers Program initiatives that help communities access grants to address water contamination, air pollution, and lead reduction. a. Will you continue to provide technical assistance so the most impacted communities can have a chance to compete for EPA’s national federal funding programs?
    1. Please explain in detail how the agency will ensure fair access to grant programs and support economically and socially disadvantaged communities – including communities of color, rural and farm communities, and Tribal communities – in competing for funding and addressing critical issues in their community.
    1. What is your strategy to combat pollution in marginalized communities across the country?
    1. What plans do you have for continuing to engage with community organizations and local governments on environmental justice issues in the absence of the office?
    1. How do you intend to work with local governments to expand access to clean water and improve air quality?
    1. How will the agency assist local governments in developing and enforcing pollution reduction regulations?
    1. Explain how you intend to support local leaders and officials in building capacity and expertise in environmental justice work at the community level?
    1. How will EPA identify areas that may have higher environmental burdens without access to EJScreen, what agency personnel will be tasked with maintaining that information, and how will EPA proactive share that information with the public?
    1. How will you ensure transparency and accountability in the agency’s environmental justice work after the closure of the office?
    1. How will you rebuild trust with community-based organizations after the closure of this office and work to ensure they have the necessary resources to combat pollution?
    1. How will you rebuild trust with local government, communities, Tribes and stakeholders who are now concerned about the lack of budget assurance for millions of dollars in projects funded through with Congressional allocated Bipartisan Infrastructure Law and Inflation Reduction Act resources?

    You stated to the Environment and Public Works Committee that you believe “every American deserves access to clean air and water” and that you would “commit to working hard to meet the needs of all communities.” We trust that you will stand by your commitment to communities across the nation who rely on the EPA’s commitment to environmental justice and work to ensure that the agency continues to serve all Americans fairly and effectively.

    Sincerely,

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Duckworth Joins Senate Foreign Relations Committee Democrats’ Statement Blasting Trump Administration’s Reckless Termination of U.S. Foreign Assistance Programs

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    February 28, 2025

    [WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Foreign Relations Committee—joined her fellow SFRC Democratic colleagues Jeanne Shaheen (D-NH), Chris Coons (D-DE), Chris Murphy (D-CT), Tim Kaine (D-VA), Jeff Merkley (D-OR), Cory Booker (D-NJ), Brian Schatz (D-HI), Chris Van Hollen (D-MD) and Jacky Rosen (D-NV) in issuing the following statement on the Trump Administration’s reckless termination of nearly all U.S. foreign assistance programs: 

    “It is clear that the Trump Administration’s foreign assistance ‘review’ was not a serious effort or attempt at reform but rather a pretext to dismantle decades of U.S. investment that makes America safer, stronger and more prosperous. There is no indication Secretary Rubio conducted a program-by-program review of the more than 9,000 awards or considered the dire national security implications of these rash actions. Ending programs first and asking questions later only jeopardizes millions of lives and creates a power vacuum for our adversaries like China and Russia to fill. 

    “While it’s easy to assume that these cuts will only affect people thousands of miles away, the fact is, the impact will be felt by American farmers who will no longer get top dollar for their crops to feed the hungry, churches who will no longer have the support of the U.S. government in their missions, American families who fall sick when diseases like Zika, Ebola and Malaria once again reach our shores and U.S. biotech companies who will no longer sell their drugs to treat the vulnerable overseas. Secretary Rubio should immediately come before our Committee. We expect him to not only consult with Congress but follow the law,” said the Senators in their statement.

    -30-



    MIL OSI USA News

  • MIL-OSI Security: United States Files Civil Complaint To Forfeit 9,000 Boys’ Suits Imported From China That Contained Unsafe Levels Of Lead

    Source: Office of United States Attorneys

    NEWARK, N.J. – The United States Attorney’s Office filed a civil complaint today to forfeit more than 9,000 boys’ suits that were intercepted at the Port of New York/Newark after being imported from China, Acting U.S. Attorney Vikas Khanna announced.

    As alleged in the civil forfeiture complaint, the boys’ suits were seized by the Department of Homeland Security, U.S. Customs and Border Protection, in March 2020, after the buttons on the boys’ suits were tested by the U.S. Consumer Product Safety Commission and found to contain prohibited levels of lead. Further, and as alleged in the civil forfeiture complaint, this was at least the third instance in which the importer, Angels New York US, Inc., attempted to import children’s clothing that contained unsafe levels of lead.

    Acting U.S. Attorney Khanna credited members of the U.S. Customs and Border Protection at the Port of New York/Newark, under the direction of Port Director Jeffrey Greene, and members of the U.S. Consumer Product Safety Commission.

    The government is represented by Assistant U.S. Attorney Peter A. Laserna of the Bank Integrity, Money Laundering and Recovery Unit.

    The accusations in the complaint, and the description of the complaint, constitute only allegations.
     

    MIL Security OSI

  • MIL-OSI Security: Northborough Man Sentenced to Two Years in Prison for Embezzling Over $360,000 From Non-Profit

    Source: Office of United States Attorneys

    BOSTON – A Northborough man was sentenced today in federal court in Worcester for wire fraud and money laundering charges after embezzling approximately $366,477 from a non-profit organization in Sturbridge.

    Kyriakos Kapiris, a/k/a Rick Kapiris, 38, was sentenced by U.S. District Court Judge Margaret R. Guzman to two years in prison, to be followed by five years of supervised release. Kapiris was also ordered to pay $371, 088.97 in restitution. In June 2022, Kapiris pleaded guilty to two counts of wire fraud and one count of money laundering.

    From April 2015 to May 2020, Kapiris worked as the Information Technology Manager at Venture Community Services (VCS), a non-profit organization in Sturbridge, Mass. that services developmentally disabled members of the community. As part of his responsibilities, the organization provided Kapiris access to two company credit cards to purchase equipment and services as needed. Beginning in 2016, Kapiris used the two company credit cards to purportedly purchase equipment from two vendor accounts on the web app Square and one account on Amazon. In reality, Kapiris created the three vendor accounts to embezzle the funds and fabricated sales invoices for purportedly purchased equipment to conceal the scheme. Kapiris used the names of legitimate Massachusetts companies for the two Square accounts and created the Amazon account in the name of a company that he controlled, “NetworkingPlus.”  

    Kapiris linked the three vendor accounts to several of his own personal accounts at Bank of America into which he transferred the fraudulent proceeds. Kapiris then used the stolen funds for personal expenses, including to build a house. The house was forfeited by the government and sold.  

    At sentencing, the Court noted that the defendant had been previously convicted of stealing from a prior employer and was on probation for that offense at the time of his theft from VCS.

    United States Attorney Leah B. Foley and Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement. Valuable assistance was provided by the Sturbridge and Northborough Police Departments. Assistant U.S. Attorneys Lucy Sun and Kristen Noto of the Worcester Branch Office prosecuted the case.
     

    MIL Security OSI

  • MIL-OSI: Nokia Corporation: Repurchase of own shares

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    28 February 2025 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 28.02.2025

    Espoo, Finland – On 28 February 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,400,000 4.65
    CEUX
    BATE
    AQEU
    TQEX
    Total 1,400,000 4.65

    * Rounded to two decimals

    On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.

    Total cost of transactions executed on 28 February 2025 was EUR 6,507,900. After the disclosed transactions, Nokia Corporation holds 135,282,828 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 931 580 507
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network

  • MIL-OSI: The Tech Forecaster Who Called the Biggest Trends Now Says This is the Next Big Shift

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Feb. 28, 2025 (GLOBE NEWSWIRE) — James Altucher, technology forecaster known for his early predictions on major tech disruptions, is now turning his attention to what he calls the next great technological transformation: Elon Musk’s Starlink. According to Altucher, all indicators point to Musk making a historic announcement as soon as March 13, 2025, unveiling what he believes will be the largest internet transformation of the modern era.

    A Revolution in Global Connectivity

    Starlink, a division of SpaceX, has already upended traditional internet service providers by deploying an advanced satellite-based network. Unlike conventional broadband and 5G systems that rely on physical infrastructure, Starlink operates through a constellation of low-Earth orbit satellites, providing high-speed, uninterrupted internet access to even the most remote regions.

    Altucher explains that Starlink could be the key to eliminating the world’s connectivity gaps, enhancing global communications, and potentially rendering legacy telecom companies obsolete. With over 2.6 million active users and growing demand, Starlink is rapidly establishing itself as the definitive internet provider of the future.

    Why March 13, 2025, Could Be a Defining Moment

    Altucher highlights several key factors fueling speculation about an upcoming major announcement:

    Altucher’s Take on the Future of Internet Technology

    James Altucher has built a reputation for spotting emerging tech trends before they go mainstream, and he is convinced that Starlink represents the biggest internet breakthrough of the 21st century.

    “This isn’t just another telecom company; this is a full-scale reinvention of how the world connects. Mark my words: Starlink will reshape the entire global communications industry.”

    Altucher further explains, “Every time a massive shift like this happens, those who see it early are in a rare position to benefit. This is a once-in-a-generation technological shift, and it’s happening now.”

    About James Altucher

    James Altucher is a technology forecaster, entrepreneur, and bestselling author recognized for his ability to identify industry-defining trends before they go mainstream. With a background spanning finance, technology, and media, Altucher has founded multiple successful companies, contributed to leading financial and tech publications, and has been a sought-after expert on platforms such as The Wall Street Journal, CNBC.

    Media Contact:

    Derek Warren
    Public Relations Manager
    Paradigm Press Group
    Email: dwarren@paradigmpressgroup.com

    The MIL Network

  • MIL-OSI Africa: Afreximbank and Kenyan government ink milestone agreements to promote industralisation

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

    MOMBASA, Kenya, February 28, 2025/APO Group/ —

    • Afreximbank to finance development and operationalisation of industrial parks and special economic zones to bolster industralisation and export manufacturing
    • Afreximbank also commits to three-year US$3 billion Kenya country programme to support trade and trade-related investments

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Africa’s foremost trade development Bank, today in Mombasa, Kenya, ratified a series of initiatives designed to support Kenya’s industrialisation and export-led development agenda. Under the terms of the initiatives, formalised at a signing ceremony with the Kenyan authorities, Afreximbank will finance the development and operationalisation of industrial parks (IPs) and special economic zones (SEZs) to bolster the country’s industrialisation and export manufacturing.

    The proposed industrial parks, to be developed by Afreximbank through its affiliate company, Arise Integrated Industrial Platforms (Arise IIP), will create and sustain an environment in which export-oriented industries can thrive, by leveraging economies of scale, shared infrastructure and access to global markets.

    Two projects to be undertaken by Afreximbank, with the support of the Government of Kenya and other strategic collaborators, are the development of the Dongo Kundu Integrated Industrial Park and the Naivasha Special Economic Zone II (Naivasha II), for which, having secured leases of the relevant land, Afreximbank intends to leverage the expertise and experience of Arise IIP, a special economic zone developer with experience in the development of integrated industrial parks in Africa.

    Both the Dongo Kundu Integrated Industrial Park and the Naivasha Special Economic Zone II are included in the Fourth Medium Term Plan (2023-2027) of the Kenyan government’s Vision 2030, entitled “Bottom-Up Economic Transformation Agenda for Inclusive Growth”, reflecting the high priority which state institutions are giving to measures that strengthen, expand and accelerate Kenya’s capacity to export value-added goods within Africa and globally.

    Speaking on the signing, the President of the Republic of Kenya, H.E. Dr. William S. Ruto said; “We have a responsibility to steer the country in the right direction, harnessing the immense potential of manufacturing, industrialization, agro-processing, and value addition within Special Economic Zones. The signing of these agreements today marks a significant milestone in Kenya’s development, expanding opportunities to enhance our manufacturing sector and create a more conducive environment for investment. We convene here today to sign an investment – and not a loan – undertaken by people whose faith in this country and its possibilities motivates their decision. This is our country, let’s continue to do whatever it takes to make it an attractive destination for those who want to invest.”

    In his own comments, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, said:

    “Africa has been heralded as a land of opportunity, blessed with resources that power the world. Yet, we have struggled to translate this wealth into lasting prosperity for our people. For decades, we have watched as others reap the rewards of our natural resources, leaving us tethered to a cycle of dependency—exchanging our riches for aid and loans that kept us on the fringes of the global breadbasket.

    “Those days are behind us. Today, Kenya takes a bold step to reshape this story in a profound and impactful manner. These Parks are an integral part of the Government’s plan to boost the country’s economic growth under the Vision 2030 development blueprint.

    Today’s signatures are more than ink on paper—they are a promise to the people of Kenya, a pledge that the country will rise as a beacon of industrial might and self-reliance.” 

    Mrs. Oluranti Doherty, Managing Director of Export Development at Afreximbank, and Captain William K. Ruto, Managing Director of the Kenya Ports Authority, signed the Dongo Kundu Special Economic Zone agreement. Dr. Kenneth Chelule, Chief Executive Officer of the Special Economic Zones Authority, and Mrs. Doherty signed the Naivasha Special Economic Zone agreement, with H.E. Dr. William Ruto, President of the Republic of Kenya, and Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, witnessing the signing of both agreements for the State and for the Bank, respectively.

    The Dongo Kundu Industrial Park within the Mombasa SEZ is expected, upon completion, to boost the area with a state-of-the-art industrial park that will contribute significantly to economic growth and industrialisation efforts in Mombasa County and in Kenya as a whole.

    The Naivasha II Special Economic Zone – Naivasha II project is located at Mai Mahiu and will include a free trade zone, an industrial park, a logistics zone and a public utility area with a supporting road network. The project will occupy an area of approximately 5000 acres.

    The Naivasha II project will also derive value from its strategic geographic position as it sits on the gateway to East and Central Africa through the Northern Corridor Transport System, which comprises both a standard gauge railway and a major highway. Moreover, the SEZ will be close to the Naivasha Inland Container Depot, which serves the East African hinterland countries of Burundi, the Democratic Republic of Congo, Kenya, Rwanda, South Sudan and Uganda.

    Other dignitaries in attendance included Mrs Oluranti Doherty, Managing Director, Export Development, Afreximbank; Hon. Davis Chirchir E.G.H, Roads and Transport Cabinet Secretary; Hon. Hassan Ali Joho, Cabinet Secretary for Mining, Blue Economy and Maritime Affairs; Hon. Salim Mvurya, Cabinet Secretary for Youth Affairs, Creative Economy and Sports of Kenya and Honourable Lee Kinyanjui, Cabinet Secretary, Ministry of Investment, Trade and Industry. Additionally, Captain William K. Ruto, Managing Director, Kenya Ports Authority; Dr. Kenneth Chelule, Chief Executive Officer, Special Economic Zones Authority; His Excellency Abdulswamad Shariff Nassir, Governor of Mombasa County; the Honourable Benjamin Tayari, Chairman, Kenya Ports Authority, and Mr. Fredrick Muteti, EBS, Chairperson, Special Economic Zones Authority attended the event.

    MIL OSI Africa

  • MIL-OSI Global: US inflation has increased since Trump took office – why prices are unlikely to come down soon

    Source: The Conversation – UK – By Conor O’Kane, Senior Lecturer in Economics, Bournemouth University

    The cost of living crisis, which saw inflation in the US peak at a four-decade high of 9.1% in 2022, played a significant role in determining the outcome of last November’s presidential election.

    Exit polls across ten of the key battleground states showed 32% of voters considered the economy to be the most important election issue. Among that group of voters, a staggering 81% voted for Donald Trump.

    Trump had spent most of his election campaign saying his administration would tackle high prices – even vowing to bring them down on day one. However, the latest figures suggest inflation in the US has increased since he took office, rising unexpectedly to a six-month high of 3% in January.

    This rise is largely because of the economy Trump inherited. But some experts have expressed concerns that his stated economic strategy, including trade tariffs, major tax cuts and lower interest rates, will only add to inflation.

    While tax cuts and interest rate changes are familiar policies, the use of tariffs has been less common in recent decades. These are used by governments to balance trade relationships or in retaliation to tariffs imposed by other countries. They generally make foreign imported goods more expensive while also raising tax revenues for governments.

    The Trump administration has set tariffs of 25% on all steel and aluminium imports, and imposed 10% trade tariffs on a wide range of consumer imports from China. While proposed tariffs of 25% on imports from Mexico and Canada have been temporarily paused, the US has signalled its intention to introduce tariffs on imports from the European Union.

    A General Motors car assembly facility in Ontario, Canada, where economists predict the proposed tariffs would have a catastrophic effect.
    JHVEPhoto / Shutterstock

    Will tariffs lead to inflation?

    Trump’s aides insist the tariffs won’t have a negative impact on American consumers and businesses. On February 18, Peter Navarro, senior counsel for trade and manufacturing at the White House, told the New York Times: “It’s not going to be painful for America. It’s going to be a beautiful thing.”

    Navarro argues that foreign exporters, concerned about losing market share, will reduce the pre-tariff price they charge US importers.

    But economic theory suggests that tariffs generally do lead to higher prices. Peter Lavelle, a trade expert at the UK’s Institute for Fiscal Studies, says that evidence from Trump’s first term – when tariffs were imposed on solar panels, washing machines, steel and aluminium – shows these costs were “almost entirely passed on to domestic consumers”, thus adding to inflation.

    A key reason for the tariffs is to make US domestic manufacturing more competitive on the international stage. This could bring manufacturing jobs back to the US. Manufacturing employment declined by 35% in the US from its peak of 19.6 million in 1979 to 12.8 million in 2020.

    However, there was no evidence of tariffs bringing manufacturing jobs back to the US during Trump’s first term. In fact, manufacturing employment remained static between 2017 and 2021.

    There are fears that tariffs could instead trigger a trade war, where countries retaliate with tariffs of their own. Canadian officials, for instance, have made it clear they will introduce retaliatory tariffs on the US – “selected in order to hit particularly red and purple [Trump-supporting] states”.

    Economists analyse such scenarios using game theory. A trade war takes the form of what economics-speak calls a “non-cooperating Nash equilibrium”, where the economic outcome is negative for all countries involved.

    Some recent modelling on the impact of Trump’s proposed tariffs on Canada and Mexico supports this view. Tariff retaliation is likely to raise inflation rates even further than otherwise in all three economies.

    A trade war could also squeeze profit margins for exporting producers in the US, by making some US-produced goods relatively more expensive. This would show up in lower real income through reduced employment and wages. This outcome, like higher prices, is unlikely to be popular with US voters.


    Given the evidence from Trump’s first term, it is difficult to see how tariffs will be anything but inflationary. Trump’s proposed tax cuts valued at US$5-11 trillion would also add to inflationary pressures, as would the lower interest rates he has called for.

    Ana Swanson, a trade and international economist at the New York Times, believes the threat of tariffs is being used merely as a negotiating strategy. However, like many other economists, Swanson sees uncertainty as the biggest impact of Trump’s tariff policy.

    In a podcast on February 4, she said: “If you, as the business, are watching out for the threat of tariffs, are you going to make an investment in a new factory or hire new workers?” Uncertainty leads to reduced investment and lower growth.

    Realistically, Trump was never going to bring down prices for US consumers. To do that would be deflationary, and economists generally fear deflation even more than inflation. Falling prices lead to deferred spending and can be devastating for economic growth.

    The best outcome for US consumers is that prices increase at a slower rate, close to the US Federal Reserve’s inflation target of 2%. However, given the recent uptick in inflation, as well as Trump’s strategy of tariffs, tax cuts and lower interest rates, the direction of travel all points towards higher price rises.

    Recent evidence from elections in many advanced economies shows that voters do not like inflation, and will punish administrations who are in power during inflationary periods.

    Since inflation peaked in many advanced economies in 2022, more than 70% of incumbent administrations have been voted out of government. Trump should keep this in mind as he embarks on his quest to make America’s economy great again.

    Conor O’Kane 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. US inflation has increased since Trump took office – why prices are unlikely to come down soon – https://theconversation.com/us-inflation-has-increased-since-trump-took-office-why-prices-are-unlikely-to-come-down-soon-249956

    MIL OSI – Global Reports

  • MIL-OSI Global: Elon Musk is firing thousands of workers – why this could be the biggest jobs cut in US history

    Source: The Conversation – UK – By Thomas Gift, Associate Professor and Director of the Centre on US Politics, UCL

    Elon Musk is wielding a chainsaw against US government departments, potentially culling tens of thousands of jobs, as part of a huge plan to shrink the government and slash federal spending.

    This large-scale purge of public servants, coordinated through Musk’s Department of Government Efficiency (Doge), may end up creating one of the biggest employment cuts in US history. Tech company IBM laid off 60,000 people in 1993, and about 25,000 workers (some outside the US) lost their jobs when Lehman Brothers bank went bust in 2008, but this swathe of job losses could outstrip them both, with numbers predicted to hit around 300,000.

    On Friday February 21, Musk sent a “productivity email” to all federal employees demanding that they summarise the work they’d done in the past week. President Donald Trump hailed Musk’s ultimatum as “ingenious” and echoed that failure to comply would mean that employees would be “semi-fired or fired”.

    By the Monday, chaos reigned in Washington. The bedlam left career civil servants unsure of how, or even whether, to reply, marking the latest flashpoint in a tumultuous last month created by Doge and aimed at trimming the federal workforce. Adding insult to injury, Musk later admitted the email was a ruse to test whether federal workers “had a pulse”. A follow-up email is rumoured to be coming this weekend.

    On X, Musk doubled down, posting an image of the cartoon character SpongeBob SquarePants looking at a “Got Done Last Week” list that included: “Cried about Trump, Cried about Elon, Cried about Trump and Elon some more.” Days earlier, at the annual gathering of the US right wing, the Conservative Political Action Conference, Musk brandished a chainsaw and screamed “Chainsaw!” to show the uproarious Maga crowd how he intended to eviscerate the federal bureaucracy.

    Political payback?

    Doge’s proposed job cuts are vast and deep. So far, much of Musk’s ire has been directed at the US Agency for International Development (USAid), where 4,700 employees have already been put on leave – with 1,600 of those positions terminated.

    It’s perhaps no surprise that Doge started with this soft target. Although the US spends only about 1% of federal money on development aid, polls consistently show that Americans, especially Republicans, think Washington overspends on foreign assistance.

    The cuts also come amid rising speculation that these firings could be part of a political retaliation by the White House. Influential adviser Stephen Miller claimed, without showing evidence, that 98% of workers at USAid “either donated to Kamala Harris or another leftwing candidate”.

    The Trump administration has also forced out dozens of officials across the Federal Bureau of Investigation (FBI) and the Cybersecurity and Infrastructure Security Agency charged with investigating attempts at foreign interference in US elections.

    Yet it’s not just these institutions where federal jobs are under threat. From the Department of Education to the National Parks Service, Musk is revving up his chainsaw.

    Even the Pentagon, traditionally a “third rail” for Republican presidents when it comes to spending reductions, is feeling the squeeze. The US secretary of defense, Pete Hegseth, has promised to slash military spending by 8% over the next five years from its US$850 billion (£674 billion) annual budget. While US service members in uniform are currently exempt from job losses, many expect civilian workers, especially those in their probationary period, to be shown the door soon.

    There are many thousands of federal jobs across the US.

    Washington DC, which voted for former vice-president Harris over Trump by a margin of 92.5% to 6.6%, is home to the largest number of government jobs: about 2.2 million civilians. However, federal workers are spread across the US. That includes red states where Trump won in 2024. For example, there are more than 129,000 federal jobs in Texas, more than 94,000 in Florida, and more than 79,000 in Georgia.

    For Trump, this complicates the Doge agenda to make a dent in America’s US$36 trillion (£28.6 trillion) debt through mass job terminations. While many Maga supporters cheered campaign pledges to eliminate government “waste, fraud and abuse”, many now confront the stark reality of job losses in their communities (or even their own jobs).

    Trump has promised to get spending by the national government under control, but without addressing reform of essential services – such as Medicare and social security – it’s unclear how he can achieve this goal.

    Backlash and legal battles

    Public opinion towards Musk breaks sharply along partisan lines. According to recent polling by YouGov, 42% of Americans have a positive view of Musk (52% unfavourable), including 79% of Republicans but just 10% of Democrats. The same percentage, 42%, think favourably of Doge, with similar partisan divides. But the number of Americans who rate Musk positively has been dropping in the past few weeks, although he is seen as increasingly influential.

    Contributing to negativity, Musk’s rollout of Doge to oversee cuts to the federal labour force hasn’t come without major flubs. For example, he recently fired (before un-firing) workers at the National Nuclear Security Administration, tasked with overseeing the country’s nuclear weapons stockpiles.

    Even some Trump loyalists are pushing back. After Musk’s “document work or resign” email was blasted to the FBI, newly minted director Kash Patel sent his own message telling employees not to respond, declaring: “The FBI, through the Office of the Director, is in charge of all of our review processes.”

    On X, Harvard political scientist Maya Sen called the reaction “probably a good development for the rule of law”, adding: “Musk got a head start but separate & distinct interests of new political appointees over their own workforces will clash more and more w/Musk.”

    The Trump administration now faces mounting legal challenges to Doge’s agenda. An amended lawsuit filed by a cadre of unions, including the nation’s largest federation of unions, AFL-CIO, alleged that mass firings of probationary workers is illegal, and that only federal agencies have control over human resources decisions.

    Beyond legal chokepoints, Musk confronts increasing scepticism – even within Doge itself. On Tuesday February 25, 21 employees from Doge resigned, saying they would not use their professional skills to “dismantle critical public services”.

    Even among some Republican lawmakers, there’s worry about the breakneck speed of firings. Republican representative Jeff Van Drew, for example, said that “we have to be really careful that we’re cutting things that don’t hurt everyday people”. Some have criticised Musk’s flippant attitude toward longstanding public servants. Others think Musk is taking a hatchet to a problem that requires a scalpel.

    Whether a hatchet, a scalpel or a chainsaw, Musk’s slash-and-burn approach carries risks. By the 2026 midterms (when 35 of the 100 Senate seats will be up for election), the picture of Musk gleefully slicing government jobs could be less a symbol of efficiency, more a symbol of Trump-era hubris.

    Thomas Gift 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. Elon Musk is firing thousands of workers – why this could be the biggest jobs cut in US history – https://theconversation.com/elon-musk-is-firing-thousands-of-workers-why-this-could-be-the-biggest-jobs-cut-in-us-history-250854

    MIL OSI – Global Reports

  • MIL-OSI USA: Disaster Recovery Center Opens in Perry County

    Source: US Federal Emergency Management Agency 2

    RANKFORT, Ky — A Disaster Recovery Center will open in Perry County today, Feb. 28, in areas affected by the February floods. 
    Disaster Recovery Centers, operated by the Kentucky Division of Emergency Management and FEMA, offer in-person support to survivors in declared counties as the result of severe storms, straight-line winds, flooding, landslides and mudslides from Feb. 14, 2025, and continuing.   
    PERRY COUNTY
    Hazard Community College, 1 Old Community College Dr, Hazard, Ky 41701
    Disaster Recovery Centers operate from 7 a.m. to 7 p.m. ET Monday through Saturday and 1 – 7 p.m. on Sundays, unless otherwise noted. 
    FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect 
    survivors with resources for their recovery needs. The deadline to apply for federal assistance is April 25, 2025.
    Other centers are open in the following locations:
    PIKE COUNTY
    Pike Public Library, 126 Lee Ave, Pikeville, Ky 41501
    Belfry Public Library, 24371 US-119 North, Belfry, Ky 41514
    Additional Disaster Recovery Centers will open across the Commonwealth disaster area in the coming days. 
    In addition to FEMA personnel, representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U.S. Small Business Administration (SBA) will be available at the recovery centers to assist survivors.
    You do not need to visit a center to apply with FEMA.
    If you are unable to visit the center, there are other ways to apply: you can apply online at DisasterAssistance.gov, by calling 800-621-3362, or by using the FEMA mobile app. If you use a relay service, such as video relay (VRS), captioned telephone or other service, give FEMA the number for that service.
    When you apply, you will need to provide:

    A current phone number where you can be contacted.
    Your address at the time of the disaster and the address where you are now staying.
    Your Social Security Number.
    A general list of damage and losses.
    Banking information if you choose direct deposit.
    If insured, the policy number or the agent and/or the company name.

    For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.
    For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860. Follow the FEMA Region 4 X account at x.com/femaregion4.

    MIL OSI USA News

  • MIL-OSI USA: With Fierce Work Ethic, Business Students Take First Place in American University Case Challenge

    Source: US State of Connecticut

    A fierce work ethic, great research, and many hours of practice helped the Husky Case Competition Club win the top prize at the 32nd Kogod Case Competition at American University earlier this month.

    This is the second consecutive year that the UConn team took home the top prize. A new team competed this year, and all five participants are second-year business students who had never entered a case competition before.

    “Our ideas were super niche and I think that took the judges by surprise,’’ said Sophia Viar, a finance major and the president of the club. “They were intrigued by the complexity of what we had done.’’

    The team prepared for months, sometimes putting in five hours a day to fine-tune their case and improve their presentation.

    “We practiced over and over in the School of Business Board Room,’’ Viar said. “We basically asked each other questions over and over. We drilled. We were ready for every question that the judges threw at us.’’

    Other team members included: Maria Cayward (analytics and information management), David Lu (finance), Kabir Ramnani (finance) and Daniel Barberi (finance and economics). None of the team members knew each other well before they started the competition.

    The Challenge: Using AI to Help a Fortune 500 Company

    The case competition involved integrating artificial intelligence into Xylem Inc., an American water technology provider and Fortune 500 company, that does business in more than 150 countries.

    In their final presentation, the Husky team proposed using Novable software, which sources startups that match a company’s needs. They also recommended exploring the offerings of Oxyle, a company with a new filter that can destroy PFAS contaminants.

    “One of the judges, who works for Xylem, said, ‘You hit the nail on the head. You guys are amazing!’ ’’ Viar said. The UConn team defeated four teams from American University, as well as teams from the University of Pennsylvania and Boston University. They also took the prize for Best Q&A when the competition concluded on Feb. 15 in Washington, DC.

    The victory reflects the enormous effort that the team put into the project.

    “We started working on the case in November and there was a lot of back and forth with the team,’’ Viar said. “We had four months to develop our idea, and we changed direction often. It was pretty rocky in the first months until we nailed it down.’’

    Ramnani said the team had incredible spirit and dedication, despite some mumbling about having to work over the holiday break.

    “All of us had a hunger for it. We wanted to put our best foot forward,’’ Ramnani said. “I think one of the key lessons I learned is how to articulate ideas in a concise way. If you over-speak, you overcompensate. What matters is the quality of what you say. I learned to make my answers concise and deliberate.’’

    Competition Will Enhance Careers Down the Road

    Viar is planning a career in management consulting and said the competition is well aligned with her career aspirations. She looks forward to discussing her case-competition achievement in job interviews.

    Ramnani agreed, saying the competition highlighted the problem-solving skills of every team member.

    “I really didn’t know anything about the water industry until I started working on the case competition. I had to learn so much,’’ he said. “I also learned that sometimes you have to cut your losses. If we worked on an idea for a week and it wasn’t working out, I learned not to be emotionally attached to the idea, to move on and try something new.’’

    MIL OSI USA News

  • MIL-OSI: Superior Energy Services Acquires Rival Downhole Tools

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 28, 2025 (GLOBE NEWSWIRE) — Superior Energy Services, Inc (“Superior”) announced the acquisition of Rival Downhole Tools (“Rival”), an industry-leading provider of premium downhole drilling tools.

    “This acquisition is part of Superior’s ongoing efforts to expand our position in the oilfield services sector by providing technologies that enhance our customers’ efficiencies and reduce their costs,” said Dave Lesar, Superior’s Chairman and Chief Executive Officer. “Rival is a recognized leader in downhole drilling solutions and, as it’s combined with our existing Stabil Drill business, will create a premier drilling rental product offering for our customers. We are proud to bring them under the Superior banner.”

    Founded in 2017, Rival has long been known for its portfolio of innovative downhole tools engineered to mitigate customer drilling challenges, including the JOLT™ friction reduction system, the STORM™ oscillation reduction tool, and its most recent offering, the AXE™ anti-shock and anti-vibration tool.

    Neil Fletcher, CEO of Rival, will join Superior and serve as the leader of the combined Stabil Drill and Rival businesses.

    “Stabil Drill is the natural fit for Rival’s downhole tools,” said Fletcher. “This combination will open new markets for the Rival products while simultaneously strengthening Superior’s place as a leader in downhole drilling tool solutions.”

    “We are excited to welcome the Rival team to the Superior family,” added Jim Brown, President and COO of Superior. “Stabil Drill is already one of the industry’s most comprehensive providers of mission-critical downhole components. The addition of Rival is a significant step forward for Superior to continue to innovate on behalf of customers around the globe.”

    The transaction closed on February 28, 2025.

    About Superior Energy Services
    Superior Energy Services serves the drilling, completion and production-related needs of oil and gas companies through a diversified portfolio of specialized oilfield services and equipment that are used throughout the economic life cycle of oil and gas wells. In addition to operations in North America, both on land and offshore, Superior Energy Services operates in approximately 47 countries internationally. For more information, visit: www.superiorenergy.com.

    Forward-Looking Statements
    This press release contains forward-looking statements that reflect our current views regarding the Company’s financial position and results, financial performance, liquidity, strategic alternatives (including dispositions, acquisitions, and the timing thereof), market outlook, future capital needs, capital allocation plans, business strategies and other plans and objectives of our management for future operations and activities. These statements are based on certain assumptions and analyses made by the Company’s management in light of its experience and prevailing circumstances on the date such statements are made. Such forward-looking statements, and the assumptions on which they are based, are inherently speculative and are subject to a number of risks and uncertainties outside of the Company’s control, including but not limited to conditions in the oil and gas industry, U.S. and global market and economic conditions generally and macroeconomic conditions worldwide, (including inflation, interest rates, supply chain disruptions and capital and credit markets conditions) that could cause the Company’s actual results to differ materially from such statements. We undertake no obligation to update these statements except as required by law.

    FOR FURTHER INFORMATION CONTACT:
    Joanna Clark, Corporate Secretary
    1001 Louisiana St., Suite 2900
    Houston, TX 77002
    Investor Relations, ir@superiorenergy.com, (713) 654-2200

    The MIL Network

  • MIL-OSI: NANO Nuclear Energy Announces Active Corporate Role for Veteran Investment & Merchant Banker Darlene T. DeRemer as its Executive Director of Corporate Finance

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., Feb. 28, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that Darlene T. DeRemer, previously Chairwoman of NANO Nuclear’s Executive Advisory Board for Institutional Finance, has now transitioned to a new, active corporate role with NANO Nuclear as its Executive Director of Corporate Finance.

    In her new role, Ms. DeRemer will assist NANO Nuclear’s executive management as a consultant in the continuing development and execution of the Company’s financing strategies and its corporate processes and procedures, all with a view towards supporting NANO Nuclear’s long-term growth.

    This appointment follows a similar, previously announced, leadership transition for the Hon. John G. Vonglis, who now serves as NANO Nuclear’s Executive Director of Global Government Affairs after having served on the Company Executive Advisory Board. These appointments highlight the confidence of leading professionals in NANO Nuclear’s mission and potential. Since its inception, NANO Nuclear has attracted highly qualified and proven leaders in finance, regulation, and science. Ms. DeRemer’s appointment adds to a growing roster of exemplary professionals dedicated to NANO Nuclear’s emerging status at the forefront of the advanced nuclear energy technology industry.

    “Working alongside Jay and James on NANO Nuclear’s Executive Advisory Board confirmed my confidence in NANO Nuclear’s mission and leadership, and I’m thrilled to step into a more active role where I can contribute to NANO Nuclear’s continued success,” said Darlene T. DeRemer, Executive Director of Corporate Finance of NANO Nuclear Energy. “I believe that the future of the nuclear energy industry and NANO Nuclear’s mission are closely aligned, given the innovative potential of our technologies to provide reliable, robust, and secure power to data centers, remote communities, mining projects, military installations, and beyond.”

    Figure 1 – NANO Nuclear Energy Executive Advisory Board Member Darlene T. DeRemer Transitions to Active Role within the Company as its Executive Director of Corporate Finance.

    Darlene DeRemer is the Chair of the ARK Invest ETF Trust Board and co-founder of Grail Partners LLC, a merchant banking firm where she leads the firm’s Boston office. As a senior banker, she focuses on the global asset management industry, advising clients on a wide range of strategic transactions. With over 25 years of experience as a leading adviser in the financial services industry, Ms. DeRemer specialized in strategic marketing, product design, and the implementation of innovative service strategies.

    Before transitioning into investment banking, Ms. DeRemer led or participated in numerous advisory transactions. Her current clients include institutional and mutual fund managers in the U.S., as well as alternative investment firms seeking to access public markets both domestically and internationally. Previously, Ms. DeRemer ran NewRiver’s eBusiness Advisory unit for four years and operated her own strategy firm, DeRemer + Associates, for 18 years. Founded in 1987, DeRemer + Associates was the first consultancy focused on the U.S. mutual fund industry. Darlene holds a B.S. in finance and marketing (summa cum laude, 1977) and an MBA with distinction (1979) from Syracuse University.

    “I’m pleased to welcome Darlene to her new role at NANO Nuclear and thank her for her contributions as Chairwoman of our Executive Advisory Board for Institutional Finance,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Her extensive background in guiding growing companies will be hugely beneficial as we expand and strengthen our operations in both the near and long term. I look forward to working with Darlene to ensure that NANO Nuclear has the financial capabilities to achieve our ambitious goals and as we seek to establish ourself as leader in the advanced nuclear energy industry.”

    “Darlene’s decision to move into a more active role with our company underscores both the great promise of our ambitions and our track record of achievements to date,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “Her leadership abilities and finely honed expertise will be tremendous assets as we continue to expand. In particular, her extensive network and talent for navigating complex financial landscapes will be vital as NANO Nuclear looks to capitalize on the growing momentum in the nuclear energy industry.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. NANO Nuclear is also developing patented stationary KRONOS MMR Energy System and space focused, portable LOKI MMR.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

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    Cautionary Note Regarding Forward Looking Statements

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  • MIL-OSI Global: Homeless Britons say cost of addiction is forcing them into modern slavery – so why are they not being recognised as victims?

    Source: The Conversation – UK – By Emily Kenway, PhD Candidate, Social Policy, University of Edinburgh

    A homeless man asleep in Edinburgh, where the author carried out research into the link between drug use and exploitation. Serge Bertasius Photography/Shutterstock

    All names have been changed to protect the identities of interviewees.


    Patrick is 32 years old and has been homeless on and off in Edinburgh since growing up in care. He speaks with a rasping quality due to the ravages of sleeping outdoors in cruel Scottish winters. Until recently, he was one of thousands of people in the UK trapped in exploitation, often referred to as modern slavery.

    In the UK over the past five years, more than 59,000 people have been identified as possible victims of exploitation – sometimes having been trafficked into the country for this express purpose. Some are forced into criminal forms of labour, like growing marijuana, or put to work in agriculture, hospitality, care or construction in illegal conditions. Still more are trapped in private homes in what is termed “domestic servitude”.

    And there is Patrick’s category, which is sexual exploitation.

    Patrick began taking drugs at 14 years old while in care. Two years later, he was kicked out of the children’s home and met an older man who introduced him to gammahydroxybutrate, or “G” as Patrick calls it. This is known as a “chemsex” drug due to its ability to induce arousal and reduce inhibitions.

    The dealer began having sex with him and taking him to sex parties with other men. Soon, Patrick was addicted to G and, over time – the precise length is unclear as, like many people who’ve experienced trauma and addiction, his memories are highly fragmented – the man began to control him. If Patrick wanted more G, he had to have sex with the older man or with other people he selected. Specific sex acts were demanded, regardless of Patrick’s consent.

    This controlling behaviour escalated: if Patrick wanted heating in the room in which he slept, if he wanted access to electricity to charge his phone, if he wanted clean clothes or food, if he wanted to avoid being hit, sex was required.

    “I never had a choice,” Patrick tells me about his time living in that house. “If I hadn’t got the drugs, I’d die.”

    The man kept him on a chemical leash for years. He was not physically restrained in the house, and he had access to his own bank account and benefits payments. Sometimes he slept rough to escape the abuse – but he always returned, because he lived in fear of “rattling”, as he calls withdrawal.

    It wasn’t just fear of the physical suffering involved in going without the drug. Patrick’s father murdered his mother when he was a small child. He describes his addiction as a chance to feel free of that trauma – to feel “like superman, like flying”.

    A man sleeping next to passersby in the centre of Edinburgh.
    Jaroslav Moravcik/Shutterstock

    The link between addiction and exploitation

    Addiction was a driving force in Patrick’s exploitation. And he isn’t alone: several court cases involving the exploitation of homeless people have acknowledged the role of addiction in their victimisation.

    In 2013, R v Connors found that the Connors family, which ran a casual construction business in Bedfordshire, had recruited homeless men into their service. The men were promised accommodation, food and reasonable wages, only to receive “something like £10 per day” – if they were paid at all. They worked long hours in poor conditions without necessary equipment or clothing, and “on occasion they were subjected to violence or the threat of violence”.

    As a result, three members of the Connors family received custodial sentences of between four and 14 years. The court judgement noted that their victims “were chosen deliberately. Usually they were homeless, addicted to alcohol, friendless and isolated.”

    Three years later, the case of R v Rooney found that 11 members of the Rooney family had victimised at least 18 people in Lincolnshire, forcing them to work without pay and to live in squalid conditions for up to 26 years. In one instance, they made a victim dig his own grave to force him to sign a contract of lifelong servitude. Nine members of the family were sentenced to jail, with most receiving sentences of five years or more.

    After a subsequent unsuccessful appeal, the judge drew a direct link between victimisation, addiction and homelessness, stating: “The appellants were said to have manipulated and controlled these men by withholding pay [and] feeding their vulnerabilities and addictions, such as to alcohol or cannabis.”

    It didn’t end there. In 2020, the office of the UK’s Independent Anti-Slavery Commissioner examined Operation Fort, “the UK’s largest anti-slavery prosecution”, which took four years to conclude. It found that some of the victims had been recruited from homeless shelters and were addicted to drugs or alcohol.



    Illicit drug use is damaging large parts of the world socially, politically and environmentally. Patterns of supply and demand are changing rapidly. In our longform series Addicted, leading experts bring you the latest insights on drug use and production as we ask: is it time to declare a planetary emergency?


    The role of addiction in all these cases is important to acknowledge – as is recognising that homelessness isn’t a singular thing. Some people experience homelessness only once; others are homeless repeatedly and for years. There are people for whom lacking shelter is the main measure by which they are disadvantaged, which differs to those who are “multiply excluded” or who have “severe and multiple disadvantages” – including histories of institutional care, substance dependency, and criminal records. And that’s without layering on additional factors such as race, ethnicity, sexuality and gender.

    As part of my PhD research, I spent several months investigating Edinburgh’s street community, delving into homeless people’s experiences of exploitation, and finding out how and why these experiences occurred.

    I chose to work exclusively with people who, like Patrick, were either British or had migration statuses that afforded them the same rights as British people (such as access to benefits). Other statuses – like being an asylum seeker, being on highly restrictive work visas or being undocumented – are widely recognised to make people more vulnerable to being exploited. Removing this factor enabled me to focus on victimisation that could not be explained by immigration policy, and which might point to new or under-explored territories.

    I uncovered many cases like Patrick’s: homeless British people who had been exploited. But I also met people who were homeless and had not been exploited. And one of the main differences was addiction. Everyone who had been exploited while homeless had a substance dependency. And it seemed to be this, more than homelessness, which had put them in harm’s way.

    Debt bondage on the streets of Edinburgh

    Like Patrick, Paul is a white Scottish man in his 30s. He began sofa-surfing at the age of 11 after leaving his abusive family home. Since then, his life has been chronically chaotic: rough sleeping, prison, time in hostels, social housing and back again. Addiction has been the sole stable feature – in his case, a heroin habit which started “when I was 22, in prison”.

    Paul has done various things for money over the years: begging (but only once because “I couldn’t deal with the shame of sitting down with people I knew walking past”); house-breaking (“shit stuff I wish I could take back”); shoplifting and reselling (“bacon, cheese, booze, anything that was more expensive”); and also drug running. It was this last method where he got into trouble.

    A homeless man sleeping outside a branch of Barclays bank in Princes Street, central Edinburgh.
    Serge Cornu/Shutterstock

    Paul was shoplifting and wasn’t making much money when he “got an offer” to become a drug runner instead. Although movies would have us believe that most modern slavery is the result of kidnapping or abduction, it’s usually the result of a subtler process. The potential victim is offered something they need, such as money or passage to a different country, and it goes wrong.

    For Patrick and Paul, what they needed was drugs. Paul accepted the offer and began working as a runner, taking drugs from the dealer’s house to the customers and risking arrest on the way. He was paid in small amounts of heroin for his personal use. Looking back, he sees the dealer as “basically getting me deeper and deeper into trouble”, by escalating his addiction and using it as a control mechanism to keep him working – like the chemical leash experienced by Patrick.

    For Jack, a third Scottish homeless man, it was worse. Initially, he bought drugs (both heroin and crack cocaine) using cash, but then a dealer began giving him more than he could afford. “I’d say I only want a half-ounce … and he’d say nah, he’s gonna give me the full one.”

    Over time, Jack’s debt grew. He tried to repay it by working as a drug runner for the man, but the money could never be paid off. This was partly because he always needed his next hit, but also because the dealer was inflating the debt each time. There was no way out.

    The dealer was also, according to Jack, “quite a fuckin’ scary bloke” – which turned out to be Jack’s way of disclosing that he had been threatened when he tried to leave for a different dealer. At least once, he had been hit.




    Read more:
    ‘There has never been a more dangerous time to take drugs’: the rising global threat of nitazenes and synthetic opioids


    The Gangmasters and Labour Abuse Authority describes debt bondage as when “an employer or controller will use different tactics to trap the victim in an endless cycle of debt which can never be repaid”. In Jack’s case, as with others in my investigation, it was a particular instrumentalisation of that chemical leash.

    “We call it ‘in your pocket’,” Jack explains. “That’s what they say: ‘I’ve got him in my pocket now.’”

    Paul and Jack had experienced localised permutations of what government and police call county lines – the transporting of drugs by children or vulnerable adults under coercion.

    It may have a special label, but this is a normal part of the drug dealing business model. When I recount Paul’s and Jack’s experiences to Ryan, another homeless Scottish man who is familiar with the drug economy thanks to his dealer dad, he snorts: “Well aye, obviously.”

    Into the arms of would-be exploiters

    Patrick, Paul and Jack had all been exploited within the drug economy in one way or another, and this is where government-approved county lines strategies are focused. But addiction drives exploitation more broadly than the drug sector itself; as in the Rooney and Connors cases, legal employment sectors including construction and farmwork are subject to addiction-fuelled exploitation too.

    When Jack was approached to paint scaffolding poles for £80 a day, he jumped at the chance – it looked like good money for an easy task. But the job wasn’t what it seemed. The recruiter knew Jack was an addict and dropped him off alone at a warehouse with a bag of speed, so he would work through the night with no sleep. This happened for four weekends in a row, with the man alternating between treating Jack well (“made me feel like I was ‘the man’”) and frightening him (“he pure intimidated me”). The £80 per day never materialised.

    In Paul’s case, he was offered farmwork by a man outside a soup kitchen he frequented. Paul says he didn’t trust the guy “just from looking at him … and the way he went about it, like strolling up to a homeless place. That’s where most serial killers go to get victims.”

    Paul was warned off by street acquaintances who’d heard of people being treated badly at the farm. “They were living in, basically, homeless situations – in a barn or something with no heating and stuff like that, being worked when the guy says … You’ve no money to get home, you don’t know where you are.”

    Yet even with this information, when it happened a second time, Paul decided to go. He needed money for his heroin habit. Thankfully, he was too slow to say yes and he lost out to two other men. He doesn’t know what happened to them.

    When Paul and I met, he was staying off heroin, thanks to methadone and various other prescription drugs. I asked what he’d do if someone approached him with the same kind of job offer now. He said he’d decline; he no longer needs the money for heroin.

    Video: BBC Scotland.

    Lorraine, in her 40s and also Scottish, spent years doing sex work. She’d been in various situations during that time, including being deceived into brothel work based on potential earnings which turned out to be untrue, and being pimped by someone who “was supposed to be a friend”.

    When we met, Lorraine was no longer doing sex work for anyone but herself. I asked what had changed. Along with getting a place in an emergency shelter, she said it was “because I’m not using [drugs], you know; I’m not using any more. I used to be a prolific crack and heroin addict.”

    Paul and Lorraine aren’t alone. Nearly everyone I’ve interviewed draws a direct line between the high cost of illegal drugs and the likelihood of being exploited. In contrast, those who’ve got clean are free from coercion and able to get by on their benefits – benefits they receive, in general, for severe mental health conditions and learning disabilities.

    Can criminals be victims too?

    Ryan was right when he snorted “aye, obviously” to me: the link between addiction and exploitation should be plain to see. There are passing mentions of addiction issues among homeless survivors peppered in the Rooney, Connors, Operation Fort and other case documents. So why had all bar one of the people whom I met, and who shared their stories of exploitation with me, not been flagged as possible victims by services?

    The one exception to this rule offers some answers.

    Piotr came to the UK after seeing an advert for a job in a car garage. He liked that first job. Even though it paid lower than the minimum wage, it was enough to meet his needs and the boss was reasonable. But when that garage closed and his long-distance marriage broke down, Piotr relapsed into alcoholism. He needed to find a new job so he could fund his daily intake.

    Another garage owner who was aware of Piotr’s dependency offered him work. They didn’t make an agreement about money, but Piotr told me he’d hoped to get around £20 a day plus some food or cigarettes. That may sound bad to people accustomed to legal minimum wages, but the reality turned out much worse.

    Piotr wasn’t paid at all. He slept in a caravan on the garage site, and if he wanted to use gas or electricity, he had to pay for it … with no wages. He told me how the boss would shout at him, and sometimes hit him too.

    Thankfully, after around a year, Piotr was able to leave and, during the period we met, he was working somewhere that treated him better and paid him consistently – though still below the legal minimum.

    It was while Piotr was working at this new and better place that homelessness support workers encountered him and began to wonder whether he’d been exploited. The fact they were correct isn’t the point here; rather, why had they flagged his victimisation but not Patrick’s, Paul’s, Lorraine’s or Jack’s? And what might this tell us about homelessness and exploitation more broadly?


    The Insights section is committed to high-quality longform journalism. Our editors work with academics from many different backgrounds who are tackling a wide range of societal and scientific challenges.


    The answer may lie in a concept introduced nearly 40 years ago by criminologist Nils Christie. The “ideal victim” is the notion that we’re more willing to view some people as victims than others. Christie suggested various criteria that make people more likely to receive the social label of “victim”: including that they’re weaker than the perpetrator; that they’re carrying out a respectable project at the time of the harm occurring; and that their general behaviour is blameless – namely, they were doing nothing illegal nor putting themselves at risk.

    In this analysis, it should be obvious that Patrick, Paul, Lorraine and Jack are all non-ideal victims. Most have been in prison, some multiple times, and all regularly commit crimes by taking drugs or earning money in illegal (drug running, stealing) or semi-legal (sex work) ways. In contrast, Piotr does none of these things.

    But while social bias goes against viewing Patrick, Paul, Lorraine and Jack as victims, empirical data tells us otherwise. Studies show that “engagement in offending behaviour is one of the strongest correlates of victimisation”. Substance abuse in particular is recognised to put people at greater risk of becoming victims of crime.

    Yet the support workers I interviewed make it clear that, in general, their homeless clients are not asked about their various criminal activities. Their rationale varied: some felt that asking probing questions about these activities might harm their relationship, making clients suspicious of their motives and damaging their ability to support them. Others felt it was simply none of their business how or whether clients earned money illegally, either because of their perceived remit of their work, or because they viewed the activities as distasteful or shameful.




    Read more:
    We analysed 101 companies’ statements on modern slavery – here’s what we found


    Drinking alcohol was safe to ask about, as was working in legal sectors like car garages – but not heroin, not crack cocaine, not G, not sex work, not drug running, and so on.

    Paradoxically, then, the very aspects of someone’s life which may instinctively put off support workers, police, medical professionals and others from viewing them as possible victims are the same aspects which make them more at risk of victimisation.

    Compounding this, Piotr is not British while all the others are. There is very limited data on exploitation in the homelessness community but, according to information published by the charities Unseen and The Passage, most people who are identified as victims of exploitation have been migrants. Two-thirds of those highlighted by the latter have “no recourse to public funds”, a particularly precarious form of migration status which bans people from accessing benefits and other forms of social assistance.

    In theory, this should have meant that my investigation – which excluded anyone in that precarious category, solely interviewing British people or migrants who have the same protections as UK citizens – wouldn’t have easily found victims. But when I spent lots of time getting to know people living on the streets of Edinburgh, I found this wasn’t the case.

    That doesn’t mean Unseen or The Passage are wrong in their activities or data, far from it. Victimisation is not a zero-sum game: multiple categories of homeless people can be at especially high risk. Rather, it brings an additional population into view for deeper consideration.

    A tent pitched in New Calton burial ground in Calton Hill, Edinburgh.
    Fotokon/Shutterstock

    Following Christie’s concept, academics have considered how migration and victimhood intersect, noting that migrants’ perceived “weakness, frailty and passivity” aligns with the ideal victim idea. On exploitation specifically, a great deal of research and action has taken place to highlight the ways in which the UK’s “hostile environment” migration policy renders migrants vulnerable to exploitation.

    This combination of perception and policy makes it plausible that homeless people of foreign origin are more easily recognised as victims than people who have remained in the area in which they grew up, like the Scottish people encountered in my investigation – and especially those exhibiting some of the other “unideal” factors I’ve described.

    What does this mean?

    The finding that addiction is an important driver of exploitation among the homeless community offers guidance for targeted intervention. People who are homeless and have substance dependencies should be considered higher risk for exploitation than people who are homeless without addictions.

    While there are many factors which contribute to victimisation, and this article is the product of a broader body of research, it does offer a strong indication of one place we should look for harm.

    Second, police and other frontline services should consider biases that may be blinding them to some victims, specifically British people with offending records.

    Third, my investigation points to a broader question: if addiction is driving vulnerability to exploitation, what does this mean for drug and alcohol policy? In England, funding of local council addiction services has halved over the past ten years; while in Scotland as well as England and Wales, the high rate of drug-related deaths demonstrates a desperate need for more intervention.

    Meanwhile, the National Police Chiefs’ county lines policing strategy for 2024-2027 doesn’t mention addiction even once. There is a glaring need for a better-funded, more joined-up approach to understanding and addressing addiction, thereby reducing exploitation crimes.

    Going further, one useful response could be the UK-wide introduction of “safe consumption rooms”, whose main purpose is to reduce drug-related harms including contamination and overdose. After much political debate, the first such facility in Scotland, called the Thistle and located in Glasgow, opened on January 13 2025.

    Video: Channel 4 News.

    In the context of exploitation, these safe consumption rooms could remove the obstacle of illegality from identification. In a space in which drug-taking is explicit, people may feel safer to disclose harm, and support workers may feel safer to probe into people’s lifestyles.

    This builds on my forthcoming study, to be published in a collection from Amsterdam University Press. It shows how health clinics and social spaces that are explicitly run by and for sex workers, and which have no links to policing, are able to identify victims of exploitation who have otherwise gone unnoticed or avoided sharing their victimisation out of fear of being criminalised, because of their involvement with the sex industry or their migration statuses. By creating safe spaces free from judgement or criminalisation, we open new opportunities for support.

    Being able to regulate drugs by decriminalising them may also be beneficial. It would not remove the problem – alcohol is legal and Piotr was still exploited – but it could blunt the instrumentalisation of addiction by would-be exploiters, making it harder to construct “drug debt bondage” like that experienced by Jack, and more difficult to hold the threat of imposed withdrawal over victims, as experienced by Patrick.

    But, regardless of which policy levers exist, successive UK governments’ track records on tackling modern slavery do not bode well. While they purport to take “anti-slavery” action, they have consistently sidestepped the policies which construct vulnerability to exploitation in the first place. From maintaining visas that push migrants into domestic slavery to restricting benefits and pushing impoverished people into the arms of abusers, one hand creates what the other purports to tackle.

    So far, the Labour government appears to be continuing this disappointing track record. In its election manifesto, it pledged to introduce “a new offence of criminal exploitation of children, to go after the gangs who are luring young people into violence and crime”. But this reinforces the “ideal victim” problem: children are innocents, but what of their adult, addicted counterparts? And what about the drug policies underlying this illicit economy?

    Since taking office, and as we approach the ten-year anniversary of the UK’s “world-leading” Modern Slavery Act, the government has committed to a “holistic victim-centred approach”, but there is no indication that this will include people like Patrick, Paul and Jack.

    We have known the factors driving modern slavery for years. This investigation provides more evidence that we must address drug policy and addiction support as part of any effective strategy to reduce the deeply damaging effects of exploitation.


    For you: more from our Insights series:

    To hear about new Insights articles, join the hundreds of thousands of people who value The Conversation’s evidence-based news. Subscribe to our newsletter.

    Emily Kenway receives funding from the University of Edinburgh and is on the boards of National Ugly Mugs (trustee) and the New Economy Organisers Network (chair). She is the author of Who Cares: The Hidden Crisis of Caregiving, and How We Solve It (Headline, 2023), which was a finalist for the Orwell Prize for Political Writing.

    ref. Homeless Britons say cost of addiction is forcing them into modern slavery – so why are they not being recognised as victims? – https://theconversation.com/homeless-britons-say-cost-of-addiction-is-forcing-them-into-modern-slavery-so-why-are-they-not-being-recognised-as-victims-247270

    MIL OSI – Global Reports

  • MIL-OSI Global: Miss Austen: the TV show about the Georgian writer’s life embraces her love of fiction

    Source: The Conversation – UK – By Gillian Dow, Associate Professor of English, University of Southampton

    At the heart of the BBC’s new series Miss Austen is a fictional Cassandra Austen (played by Keeley Hawes). Reviews have stressed that the real life Cassandra’s destruction of her sister Jane Austen’s letters has been considered one of the greatest acts of literary vandalism in history. These letters would have provided an invaluable insight into the author who died so young.

    Why Cassandra destroyed her sister’s correspondence – and what she destroyed – cannot be known. But Miss Austen gives us intriguing speculation. It deals with family relationships, and with what gets passed down to subsequent generations.

    In Miss Austen, Mary Austen is considering encouraging her son James Edward to write a biography of his literary father and aunt. Cassandra must find her sister’s letters before they get into the wrong hands. What happens next is a clever blend of fact and fiction.

    James Edward Austen-Leigh did publish the first full biography of his aunt with the help of his sisters, although not until 1869.

    However, the series also deviates from fact in its depiction of an incident in Jane’s life in the early 1800s. She may have met a young gentleman at a seaside resort in Devon. This young man may have admired Jane and she may have admired him in turn.

    This story was recounted to James Edward Austen-Leigh by his sister when he was preparing a second edition of his Jane Austen memoir. She had been told the story by Cassandra and, though she could not remember the young man’s name, she knew he died shortly after Jane’s encounter with him.

    Miss Austen picks up on the suggestion of Jane’s shadowy seaside encounter, locates the events firmly in Sidmouth, names the gentleman Mr Hobday and gives the encounter an intriguing twist by making it Cassandra’s, not Jane’s, romance.

    Jane Austen might have enjoyed this fictionalisation.


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    A love of fiction and an aversion to history

    In the concluding paragraphs of Mansfield Park (1814), Austen’s narrator purposely abstains from dates, “that every one may be at liberty to fix their own”. In Northanger Abbey, the heroine Catherine Morland has no taste for “real, solemn History.” Instead, the novels of Maria Edgeworth and Frances Burney are championed as “works in which the greatest powers of the mind are displayed”.

    Miss Austen’s Jane is played by Patsy Ferran as witty, acerbic and, crucially, devoted to fiction. She is utterly determined to become a published author and her family support her in this pursuit. This Austen is true to the version of the author that scholars and biographers have presented in recent years.

    Jane Austen’s novels are not about the union of one couple. They explore communities and dependence, particularly that of women. Foremost in these explorations are sisterly bonds.

    In Austen’s fiction, these bonds may indeed be mutually supportive and fulfilling. But they are always complex too. It is the truth of these complexities that the series Miss Austen captures so beautifully, via Isabella Fowle and her relationship with her sisters, and of course via Cassandra’s relationship with hers.

    This adaptation should send viewers to read Gill Hornby’s novel, and to read and reread Jane Austen. Miss Austen embraces the possibilities of fiction in rethinking the lives of the past.

    I hope viewers of Miss Austen will think more favourably about the real Cassandra too.

    She kept letters and Jane’s manuscripts, leaving them to her nieces on her death. Jane and Cassandra had six brothers.

    She was not the only one who had letters that gave insight into Jane Austen’s mind. She must have also written countless more to her other brothers and their wives, her nieces and nephews and her friends.

    Many of these are now lost to us. But Cassandra’s curation of her sister’s correspondence can be seen in a positive light when we reflect on what she preserved in relation to what was lost.

    Gillian Dow 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. Miss Austen: the TV show about the Georgian writer’s life embraces her love of fiction – https://theconversation.com/miss-austen-the-tv-show-about-the-georgian-writers-life-embraces-her-love-of-fiction-249783

    MIL OSI – Global Reports

  • MIL-OSI Global: How does toothpaste affect the good bacteria in your mouth?

    Source: The Conversation – UK – By Niamh Coffey, Senior Lecturer, Dentistry, RCSI University of Medicine and Health Sciences

    Ground Picture/Shutterstock

    The goal of brushing one’s teeth is to have fresh breath and prevent cavities. But the effect of toothpaste on the complex ecosystem of bacteria in our mouths — the oral microbiome — is often overlooked.

    Recent research has highlighted just how crucial the oral microbiome is for our overall health. A well-balanced microbiome helps regulate harmful bacteria, aids digestion and protects the gums. But does toothpaste support this balance, or could it be disrupting it? And could the toothpaste of the future be designed to work with the oral microbiome rather than against it?

    The mouth is one of the most densely populated microbial habitats in the body, home to more than 700 species of bacteria. These bacteria inhabit not only the surfaces of the teeth and gums in biofilm – a sticky, structured community that can be both beneficial and harmful – but also thrive in our saliva, contributing to the dynamic oral microbiome.

    A healthy microbiome includes bacteria that help regulate pH levels (a measure of how acidic or alkaline a substance is), break down food and even produce natural antimicrobial compounds. But when the balance is disrupted — often due to diet, poor oral hygiene or certain medical conditions — harmful bacteria can take over. This imbalance, known as dysbiosis, is linked to tooth decay and gum disease.

    What does toothpaste actually do?

    The main function of toothpaste isn’t to kill bacteria outright but to disrupt the biofilm that allows harmful bacteria to thrive. Brushing mechanically removes this biofilm from teeth and gums, while abrasives in toothpaste help break it up further.

    Many toothpastes also contain fluoride, which strengthens tooth enamel and helps prevent cavities. Interestingly, fluoride itself doesn’t kill bacteria, but it makes it harder for acid-producing bacteria like Streptococcus mutans, a key player in tooth decay, to cause damage.

    Some toothpastes include antibacterial agents, such as triclosan (now banned in some countries due to safety concerns) or newer alternatives like stannous fluoride and zinc compounds. These ingredients target harmful bacteria, but there’s still debate about whether they also disrupt beneficial microbes in the process.

    Despite toothpaste being a daily staple, research into its effects on the oral microbiome is still evolving. Some studies suggest that certain antibacterial agents reduce both harmful and beneficial bacteria, potentially changing the microbiome in ways we don’t yet fully understand. Others indicate that the microbiome recovers quite quickly after brushing, making any disruption temporary.

    Scientists are now exploring whether future toothpaste formulations could take a more targeted approach, reducing harmful bacteria while preserving beneficial species. Some emerging research looks at probiotics and prebiotics — ingredients that could actively support a healthier oral microbiome rather than simply disrupting it.

    Keeping the oral microbiome in balance isn’t just about avoiding cavities. There’s growing evidence linking gum disease to heart disease, diabetes and harms during pregnancy. Inflammation triggered by harmful oral bacteria can spread beyond the mouth, potentially contributing to long-term health problems.

    Brushing with fluoride toothpaste twice a day and cleaning between the teeth helps reduce the bacterial load in the mouth, lowering the risk of both oral and systemic diseases.

    Tooth decay is linked to a number of systemic diseases.
    Jo Panuwat D/Shutterstock

    Microbiome-friendly toothpaste?

    As our understanding of the oral microbiome grows, toothpaste may evolve to become more selective in its action. Instead of broad-spectrum antibacterial agents, future formulations might include ingredients that support beneficial bacteria while keeping harmful species in check.

    Some promising candidates include arginine, a naturally occurring amino acid that promotes the growth of beneficial bacteria, and plant-derived antimicrobials that disrupt harmful biofilms without killing good bacteria. However, research in this area is still in its early stages, and more evidence is needed to determine the long-term effects of these ingredients.

    Toothpaste plays a key role in oral health by breaking up bacterial biofilm, reducing the risk of tooth decay and gum disease. While some ingredients may affect the oral microbiome, research suggests that brushing and flossing remain the most effective ways to maintain a healthy mouth.

    Future toothpaste innovations may shift towards microbiome-friendly formulations but, for now, the best advice remains the same: brush twice a day with fluoride toothpaste, spit out the excess and clean between your teeth daily.

    Nothing to disclose.

    Albert Leung and Niamh Coffey do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. How does toothpaste affect the good bacteria in your mouth? – https://theconversation.com/how-does-toothpaste-affect-the-good-bacteria-in-your-mouth-250826

    MIL OSI – Global Reports

  • MIL-OSI Banking: Verizon to speak at Morgan Stanley TMT Conference March 4

    Source: Verizon

    Headline: Verizon to speak at Morgan Stanley TMT Conference March 4

    NEW YORK – Tony Skiadas, executive vice president and chief financial officer for Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Morgan Stanley Technology, Media and Telecom Conference on Tuesday, March 4, at 11:30 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors.

    MIL OSI Global Banks

  • MIL-OSI Banking: WHO, WIPO and WTO hold first joint briefing for Geneva-based officials

    Source: WTO

    Headline: WHO, WIPO and WTO hold first joint briefing for Geneva-based officials

    The imperative to adopt an integrated approach to issues at the crossroads of health, IP and trade has been at the heart of the longstanding collaboration among the three Geneva-based organizations.
    Governments and policymakers are faced with the challenging task of identifying the right mix of policy options to best advance domestic policy objectives to facilitate sustainable innovation. Participants discussed how to facilitate ongoing domestic and regional policy discussions through a more coherent and comprehensive approach.
    Members with diverse levels of development and from different regions of the world shared valuable experiences about the implementation of laws and policies in support of sustainable innovation ecosystems and access to the outcomes. This was followed by a roundtable discussion and further complemented by information provided by the three organizations on trilateral and other relevant work.
    The WHO-WIPO-WTO Technical Assistance Platform was also briefly introduced at the meeting. It allows members to easily request joint technical assistance from the three organizations to access the full range of expertise at the intersection of health, trade and IP in a coordinated manner.
    The Trilateral Briefing series is a set of closed meetings for members.
    The next briefing session for Geneva-based health, IP and trade attachés is tentatively scheduled to take place in September 2025.

    Share

    MIL OSI Global Banks

  • MIL-OSI USA: Continuing Defense of Georgia Consumers, Senator Reverend Warnock Questions Nominee to Lead CFPB

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Continuing Defense of Georgia Consumers, Senator Reverend Warnock Questions Nominee to Lead CFPB

    Senator Reverend Warnock questioned Jonathan McKernan, the Trump Administration’s nominee to lead the Consumer Financial Protection Bureau (CFPB)

    In partnership with Senator Reverend Warnock, the CFPB addressed 266,560 complaints from Georgians, including 20,168 from servicemembers in the state

    The hearing followed the recent news of the dissolution of CFPB, one of multiple federal agencies gutted by the Elon Musk-led Department of Government Efficiency (DOGE)

    Senator Reverend Warnock is a member of the Subcommittee on Financial Institutions and Consumer Protection, which he chaired last Congress, and which oversees the CFPB

    Senator Reverend Warnock during the hearing: “You’ve [Jonathan McKernan] raised your hand to run the agency. I think you ought to know whether you think it’s a good thing to get rid of”

    Watch Senator Reverend Warnock at Thursday’s hearing HERE

    Washington, D.C. – Yesterday, U.S. Senator Reverend Raphael Warnock (D-GA), a member and former chair of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection, which oversees the Consumer Financial Protection Bureau (CFPB), questioned Jonathan McKernan and William Pulte, the Trump Administration’s nominees to lead the CFPB and the Federal Housing Finance Agency, respectively.

    Last Congress, Senator Warnock worked extensively with the CFPB to return funds and protect Georgians from future financial hardship, helping to address 266,560 complaints from Georgians, including 20,168 from servicemembers in the state. Additionally, Senator Warnock spearheaded several efforts to return dollars to hardworking Americans, including: remove medical debt from credit reports, rule ending an overdraft loophole, highlighting harmful practices in the private student lending market, safeguard Americans from ‘Buy Now, Pay Later’ debts, and much more.

    During Senator Warnock’s line of questioning for Mr. McKernan, he highlighted the recent news of the dissolution of CFPB, one of many federal agencies gutted by the Elon Musk-led Department of Government Efficiency (DOGE), and if Mr. McKernan shared President Trump’s disturbing view that the agency is “a very important thing to get rid of.”

    “President Trump has said the CFPB is, quote, ‘A very important thing to get rid of.’ Yes or no. Do you agree with the President on that point?” asked Senator Warnock.

    “Senator, I think our elected officials decide normative questions like that,” said Mr. McKernan.

    “You’ve raised your hand to run the agency. I think you ought to know whether you think it’s a good thing to get rid of,” said Senator Warnock.

    The nomination hearing followed a special hearing earlier in the week that was organized by Ranking Member of the Banking Committee, Senator Elizabeth Warren (D-MA) and aimed to highlight the repercussions of dismantling the CFPB.

    Watch the Senator’s full remarks and line of questioning HERE. 

    See below transcript of the key exchange between Senator Warnock and CFPB Director nominee Jonathan McKernan:

    Senator Reverend Warnock (SRW): “Congress created the Consumer Financial Protection Bureau – the CFPB – in the wake of the financial crisis, during which Americans saw Wall Street bankers get bailed out, while millions of working folks lost their jobs, their homes, their retirements, their life savings. That’s the situation out of which the CFPB emerged.” 

    “Mr. McKernan, thank you. I enjoyed our meeting yesterday. Good to meet you. And I want to follow up on our discussion about the Trump administration’s efforts to dismantle the CFPB, the agency you’ve been nominated to run. President Trump has said the CFPB is, quote, ‘A very important thing to get rid of.’ Yes or no. Do you agree with the President on that point?”

    Jonathan McKernan (JM): “Senator as I’ve said, the CFPB is a product of statute. That is a question for our elected official. It’s…”

    SRW: “Yes or no question, do you agree that it’s a very good thing to get rid of?”

    JM: “Senator, I think our elected officials decide normative questions like that.” 

    SRW: “You’ve raised your hand to run the agency. I think you ought to know whether you think it’s a good thing to get rid of.”

    JM: “Well, I will say this. I certainly think that consumer protection is a very good thing, it’s a critical thing. A federal consumer protection role is a very important thing. That’s a lesson I learned from my experience in the 2008 financial crisis. We need to have a regulatory system that works for everyday Americans, and that includes consumer protection.” 

    SRW: “I’ll take that as you agree with the President, that we don’t necessarily need the CFPB. We need consumer protection, but not the CFPB. Is that your answer?”

    JM: “We need, we need to have a strong consumer protection function.”

    SRW: “President Trump and Elon Musk have basically gotten rid of the CFPB, which is why the question is so urgent, and the bureau has seen dozens of key employees fired. They’ve been told not to engage in its core supervisory or examination duties required by the law, and has even had its physical headquarters closed and locked.”

    “I think that’s a pretty clear message. If someone closes down the office that you’ve been nominated to run.”

    “With the CFPB effectively eliminated. How on earth do you plan to lead a shell agency that’s been completely gutted?”

    JM: “Senator, I’m not aware of the situation both this the staffing and resources at the CFPB. Well, what I will point to is just what the administration has said in its filings, and some of the litigation ongoing here, and they have said that we are going to have a CFPB that is streamlined and efficient. And quoting, I think, from the brief here, it says, ‘A predicate of that is there will be a CFPB’ again, though this is a question for our elected officials, my job is to follow the law and execute on my mandate.”

    SRW: “In the last three months alone, the CFPB has received more than 80,000 complaints from Georgians, with the Bureau currently seeking resolution to more than 40,000 of those complaints with the CFPB shuttered by President Trump and Elon Musk, what’s your plan to ensure that the bureau resolves those 40,000 pending complaints from my constituents in Georgia?”

    JM: “Senator like I said, the consumer complaint function is a statutorily required function that’s in 1021c and so my mandate, if I’m confirmed, is to fulfill faithfully, fully that statutory mandate.”

    MIL OSI USA News

  • MIL-OSI Russia: Financial news: The deadlines for sending notifications to the Bank of Russia have changed when individual officials of financial organizations change

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    From March 1, 2025 the terms are increasing sending to the Bank of Russia notifications of dismissal from office (termination of temporary performance of official duties) of heads of internal control, internal audit and risk management services of a credit institution, special officials responsible for the implementation of internal control rules in a credit institution for the purpose of countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction.

    In addition, the amendments will make it possible to clearly determine from what moment the period for sending to the Bank of Russia notifications of appointment to a position (dismissal from a position), temporary performance of official duties (termination of official duties) of individual officials of credit institutions, insurance organizations, non-state pension funds, management companies of investment funds, mutual investment funds and non-state pension funds, microfinance companies is calculated.

    Preview photo: PATCHARIN.IN / Shutterstock / Fotodom

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

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

    HTTPS: //VVV.KBR.ru/Press/Event/? ID = 23424

    MIL OSI Russia News

  • MIL-OSI Russia: Financial News: How Weekend Trading Should Work

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    The Bank of Russia has defined the conditions for trading on weekends in order to minimize risks for exchanges and their clients. Trading on Saturday and Sunday will not be considered as separate days, but as additional sessions on Monday. This will allow not to conduct clearing and settlements on weekends. The regulator sent the corresponding order to the organizers of trading.

    At the first stage, the exchanges must set the size of the price corridor within 3% (both up and down) of the value of the securities that formed by the end of Friday. The Bank of Russia recommends including highly liquid shares in the list of securities admitted to weekend trading. Such restrictions are aimed at avoiding increased volatility in the market.

    In the future, the Bank of Russia will monitor the trading activity of participants, the quality of pricing, and what financial instruments are traded on exchanges. All this will allow us to assess the possibility of scaling up trading on weekends and will be taken into account when deciding on the need to introduce additional restrictions.

    Preview photo: ShishkinStudio / Shutterstock / Fotodom

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

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

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 23425

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Immigration Department smashes illegal workers syndicate (with photos)

    Source: Hong Kong Government special administrative region

         The Outside Investigation Section of the Immigration Department (ImmD) conducted a surprise raid to a dishwashing company and successfully neutralised an illegal worker syndicate yesterday (February 27). Six syndicate members and one illegal worker were arrested, and copies of forged Hong Kong identity cards were seized.

         The ImmD discovered a dishwashing company suspected to have arranged illegal workers to various restaurants to perform dishwashing duties. After in-depth investigation and intelligence analysis, the illegal worker syndicate was identified. From December 2024 to February 2025, enforcement officers of the ImmD performed a number of territory-wide anti-illegal employment operations. A total of 25 restaurants were raided, and arrested a total of 14 suspected illegal workers. During investigation, it was found that the illegal workers had used forged Hong Kong identity cards, copies of forged Hong Kong identity cards or identity cards in relation to other persons for job interviews. It is highly suspected that the company did not take practicable steps to ensure the employees are lawfully employable. After the illegal workers were employed, they were deployed to various restaurants to work, and were paid $70 per hour, involving an estimated amount of around $2 million. 

         During the operation yesterday, the ImmD had raided the office of the dishwashing company located in Lai Chi Kok, and arrested three male and three female Hong Kong resident staff aged from 24 to 39. They were all key members of the syndicate and were suspected of aiding and abetting illegal workers to take up employment and in possession of copies of forged Hong Kong identity cards. At scene, enforcement officers intercepted a 55 years old Chinese female overstayer. She was suspected of working illegally and in possession of suspected forged Hong Kong identity card. Twenty-two copies of suspected forged Hong Kong identity cards and employment records of the illegal workers previously arrested were unearthed. The investigation is still ongoing, and more persons involved in the case may be arrested.

         An ImmD spokesman said, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.”

         The spokesman reiterated that it is a serious offence to employ people who are not lawfully employable. Under the Immigration Ordinance, the maximum penalty for an employer employing a person who is not lawfully employable, i.e. an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land, has been significantly increased from a fine of $350,000 and three years’ imprisonment to a fine of $500,000 and 10 years’ imprisonment to reflect the gravity of such offences. The director, manager, secretary, partner, etc, of the company concerned may also bear criminal liability. The High Court has laid down sentencing guidelines that the employer of an illegal worker should be given an immediate custodial sentence.

         According to the court sentencing, employers must take all practicable steps to determine whether a person is lawfully employable prior to employment. Apart from inspecting a prospective employee’s identity card, the employer has the explicit duty to make enquiries regarding the person and ensure that the answers would not cast any reasonable doubt concerning the lawful employability of the person. The court will not accept failure to do so as a defence in proceedings. It is also an offence if an employer fails to inspect the job seeker’s valid travel document if the job seeker does not have a Hong Kong permanent identity card. Offenders are liable upon conviction to a maximum fine of $150,000 and to imprisonment for one year. In that connection, the spokesman would like to remind all employers not to defy the law by employing illegal workers. The ImmD will continue to take resolute enforcement action to combat such offences.      

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: SIMPLIFICATION AND TRANSPARENCY IN FINANCIAL LAWS HAVE PROVIDED AN ENABLING ENVIRONMENT FOR INVESTMENT IN INDIA: LOK SABHA SPEAKER

    Source: Government of India (2)

    SIMPLIFICATION AND TRANSPARENCY IN FINANCIAL LAWS HAVE PROVIDED AN ENABLING ENVIRONMENT FOR INVESTMENT IN INDIA: LOK SABHA SPEAKER

    TODAY’S INDIA WITH DEEPER DEMOCRATIC SPIRIT, STABLE GOVERNMENT AND VISIONARY LEADERSHIP, IS A LAND OF IMMENSE OPPORTUNITIES FOR INVESTMENT: LOK SABHA SPEAKER

    FOR THE FIRST TIME IN INDIA, AN EFFORT HAS BEEN MADE TO CHANGE COLONIAL LAWS, TO REPEAL REDUNDANT LAWS AND TO MAKE NEW LAWS IN SYNC WITH HOPES AND ASPIRATIONS OF PEOPLE: LOK SABHA SPEAKER

    NEW LAWS ARE SIMPLE, TRANSPARENT, PROGRESSIVE AND INCLUSIVE: LOK SABHA SPEAKER

    OUR FINANCIAL INSTITUTIONS COMMAND RESPECT ALL OVER THE WORLD: LOK SABHA SPEAKER

    LOK SABHA SPEAKER ADDRESSES INAUGURAL SESSION OF A TWO-DAY SYMPOSIUM ON ‘ADOPTION TO CHANGING LANDSCAPE: MY VIKSIT BHARAT – 2047’ ORGANISED BY THE INSTITUTE OF COST ACCOUNTANTS OF INDIA

    Posted On: 28 FEB 2025 8:48PM by PIB Delhi

    Lok Sabha Speaker Shri Om Birla today stressed that the recent initiatives in simplification and transparency in financial laws have provided an enabling environment for investment in India. Today’s India with deeper democratic spirit, stable government and visionary leadership, is a land of immense opportunities for the investors, he noted. The fastest growing economy in the world is a favourite destination for investment across the world, he added.

    Shri Birla made these remarks in his inaugural address at the two day symposium on ‘Adoption to Changing landscape: My Viksit Bharat – 2047′ organized by the Northern India Regional Council, Institute of Cost Accountants of India (ICAI) at New Delhi. Shri Faggan Singh Kulaste, Ms. Bansuri Swaraj, both Members of Parliament, and other dignitaries graced the occasion.

    Referring to legal reforms in India, Shri Birla noted that for the first time in India, an effort has been made to change colonial laws, to repeal the redundant laws and to make new laws which are in sync with the hopes and aspirations of people of New India. Mentioning about GST, proposed income tax legislation, changes in labour laws and company laws, Shri Birla emphasized that these initiates reflect the vision of the leadership to take the country on the path of progress and prosperity. New laws are not only simple, transparent and progressive but also inclusive to improve the life of the last person in the society, he observed. Progressive laws always take into consideration the changing requirements of the country and the society and the changing international scenario, he added.

    Stating that developments in the fields of infrastructure, road connectivity, rail connectivity, air connectivity have augmented the capacity to bring in more investment to the country, Shri Birla observed that these investments will ultimately benefit the society at large. He also mentioned about the clarion call of the Prime Minister to pursue sustainable living for a better future. India is leading the world in inspiring the people to pursue the path of sustainable living, he added.

    Mentioning that India’s financial institutions are its strength, Shri Birla noted that our financial institutions command respect all over the world. Hailing the contributions of the ICAI, Shri Birla opined that this institution not only plays an important role in ensuring transparency in financial system but also for guiding the country on mass production with minimum cost. Playing a vital role in strengthening economic potential of the country, the ICAI, with its management skills, is improving the lives of the people.  He expressed hope that the two day symposium would provide a roadmap about the contributions of the ICAI to fulfill the resolve of the Prime Minister to make India a developed country by 2047 a reality.

    Lok Sabha Speaker Shri Om Birla addressed the inaugural session of a two-day symposium on ‘Adoption to Changing landscape: My Viksit Bharat – 2047’ organised by The Institute of Cost Accountants of India in New Delhi on 28 February, 2025.

    ***

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  • MIL-OSI Asia-Pac: “India’s Science Budget witnessed quantum leap under visionary leadership of Prime Minister Narendra Modi: Testimony of his patronage to innovation and Science” says Dr. Jitendra Singh

    Source: Government of India (2)

    “India’s Science Budget witnessed quantum leap under visionary leadership of Prime Minister Narendra Modi: Testimony of his patronage to innovation and Science” says Dr. Jitendra Singh

    Union Minister Dr. Jitendra Singh recalls Prime Minister Modi’s clarion call in Man Ki Baat to celebrate this year’s National Science Day with festive fervour

    S&T Minister Dr. Jitendra Singh, launches Electric Vehicle Solutions led by Startups Under the DST’s new initiative

    India embarked on a bold and transformative journey to establish itself as a global hub for research, innovation, and scientific excellence to become Viksit Bharat@2047

    India’s 5352 Scientists feature in Top 2 percent of Scientific Minds according to a survey shares Dr. Singh

    Posted On: 28 FEB 2025 7:09PM by PIB Delhi

    NEW DELHI, February 28: Union Minister Dr. Jitendra Singh states the quantum budgetary increase to science departments highlighting the Government’s commitment to the progress of Science Technology and innovation. He calls it the patronage of Prime Minister Narendra Modi to innovation and Science during his speech at the National Science Day 2025 celebrations at Vigyan Bhavan, New Delhi.

    Dr. Jitendra Singh stated that the budget allocations for various departments have seen significant growth over the years. The Department of Science and Technology (DST) received an allocation of ₹2777 crore in 2013-14, which has surged to ₹28,509 crore in 2024-25, marking a 926% increase. Similarly, the Department of Science and Industrial Research (DSIR) saw its budget rise from ₹2013 crore in 2013-14 to ₹6658 crore in 2024-25, reflecting a 230% increase. The Department of Space (DOS) experienced a budget growth from ₹5615 crore in 2013-14 to ₹13,416 crore in 2024-25, resulting in a 139% increase.

    Addressing the celebration, Dr. Jitendra Singh recalls Prime Minister Modi’s clarion call in Man Ki Baat to celebrate this year’s National Science Day with festive fervor.

    The National Science Day is celebrated on February 28th each year in India to honor the discovery of the Raman Effect by Indian physicist C.V. Raman in 1928. This discovery was a groundbreaking achievement in the field of light scattering, for which C.V. Raman was awarded the Nobel Prize in Physics in 1930.

    During the programme, The Science and Technology Minister, Dr. Jitendra Singh, launched the DST’s new initiative for Electric Vehicle Solutions, which is led by startups for component manufacturing in collaboration with the Ministry of Heavy Industries and ACMA.

    Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space said “India embarked on a bold and transformative journey to establish India as a global hub for research, innovation, and scientific excellence to become Viksitbharat@2047”.

    Reflecting on the past decade of India’s scientific journey, the minster emphasized that India has transformed into the third-largest startup ecosystem globally, with a growing base of innovative, youth-led deep-tech startups. These startups are not only addressing domestic challenges but are also creating solutions for global issues such as communication, cybersecurity, data privacy, sustainable energy, healthcare advancements, and smart manufacturing.

    Dr. Singh shared that according to the survey with a cutoff date of 31st December has found that 5352 Indian Scientific Minds feature in Top 2 percent. Referring to India’s progress in the Global Innovation Index, Dr. Singh said, “In just ten years, India has ascended from 80th to 39th position, cementing its place among the world’s most innovative nations.”

    Dr. Singh touched upon India’s groundbreaking scientific breakthroughs that have been a source of national pride, most notably the successful landing of Chandrayaan-3 on the moon’s south pole—making India the first country to achieve this extraordinary feat. He also highlighted the successful launch of ISRO’s SPADEX mission on December 30, 2024, a pioneering project in spacecraft rendezvous, docking, and undocking.

    Dr. Singh underscored that India is poised to make its mark in the global quantum technology landscape, with a focus on quantum computing, quantum communication, and quantum cryptography. Indian youth-led startups in deep-tech are at the forefront, developing solutions for global challenges.

    Emphasizing on this year’s theme i.e. “Empowering Indian Youth for Global Leadership in Science & Innovation for Viksit Bharat,” was emphasized by Dr. Singh as a reflection of India’s growing investment in its young scientists. He also dedicated the National Science Day to the youth of the country and seeks to enable the youth to undergo capacity building and prepare them to be the architects of 2047.

    In his presence, nine new institutes were included in NIDHI- iTBIs Inclusive Technology Business Incubators with 50 Institutes already present

    1. National Engineering College, Kovilpatti, Tamil Nadu
    2. GITAM, Visakhapatnam, Andhra Pradesh
    3. Indian Institute of Management, Jammu, J&K
    4. Sri Sri University, Cuttack, Odisha
    5. Sanskriti University, Mathura, UP
    6. AIIMS, Patna, Bihar
    7. Sona College of Technology, Salem, Tamil Nadu
    8. Assam Down Town University, Assam
    9. Sangam University, Bhilwara, Rajasthan

    An MoU was exchanged between IIT Kanpur and HAB Biomass Pvt. Ltd. on a Green Corrosion Inhibitor from Manure developed by the SHRI Cell of DST. The celebration also witnessed a technology transfer between CSIR-NBRI and Ankur Seeds, Nagpur. Dr. Singh also released the Compendium of Selected Projects of the 31st NCSTC.

    Today 9 more Universities under PURSE were supported on diverse scientific themes and different geographical regions with Rs 75 Cr

    1. Central University of South Bihar
    2. Central University of Tamil Nadu
    3. Guru Ghasidas Vishwavidyalaya, Chattisgarh
    4. Hemvati Nandan Bahuguna Garhwal University, Uttarakhand;
    5. Maharshi Dayanand University Rohtak, Haryana
    6. Punjab Engineering College, Chandigarh
    7. Rashtrasant Tukadoji Maharaj Nagpur University; Maharashtra
    8. Tezpur University; Assam
    9. Veer Bahadur Singh Purvanchal University, Uttar Pradesh

    In another landmark initiative, Dr. Singh shared that ₹1,000 crore venture capital fund exclusively for the space sector. Approved by the Cabinet, this fund aims to foster India’s growing base of nearly 300 space startups, positioning India as a leader in the space industry.

    The government has also allocated Rs 2,000 crore for Mission Mausam, a national program focused on enhancing weather forecasting capabilities. Additionally, the launch of the Anusandhan National Research Fund (NRF) with a corpus of ₹50,000 crore marks a giant leap toward ensuring that India’s scientific advancements are driven by research excellence and innovation.

    Dr. Singh reiterated the government’s commitment to fulfilling the vision of ‘Atmanirbhar Bharat’ by developing indigenous technologies tailored to India’s unique needs. The Ministry of Science and Technology is working relentlessly to ensure that innovations move from the lab to land, benefiting local communities while positioning India as a global leader in science and technology.

    Dr. Jitendra Singh emphasized the importance of collaboration between various departments of science and the private sector. The government’s efforts are focused on creating an enabling environment for scientific innovation, ensuring that research and development align with the needs of both the public and private sectors.

    The celebration was graced by Prof. A.K. Sood, Principal Scientific Advisor to the Government of India; Dr. N. Kalaiselvi, DG-CSIR and Secretary of DSIR; Prof. Ashutosh Sharma, President of INSA; Prof. Abhay Karandikar, Secretary of DST; Dr. Rajesh S. Gokhale, Secretary of DBT; Sh. V. Narayanan, Chairman, ISRO and Secretary, Department of Space; along with Dr. Rashmi Sharma, Head, NCSTC. Senior Officials of State S&T Councils, School & College students from 22 States across India joined the Science Day celebrations in Online mode.

    ******

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  • MIL-OSI Asia-Pac: Joint Statement: Second Meeting of the India-EU Trade and Technology Council, New Delhi (February 28, 2025)

    Source: Government of India

    Posted On: 28 FEB 2025 6:25PM by PIB Delhi

    The second meeting of the India-EU Trade and Technology Council (TTC) took place in New Delhi on 28 February 2025. It was co-chaired on the Indian side by India’s External Affairs Minister Dr. S. Jaishankar; Commerce and Industry Minister Shri Piyush Goyal; and Minister for Electronics and Information Technology Shri Ashwini Vaishnaw. Executive Vice-President for Tech Sovereignty, Security and Democracy Ms. Henna Virkkunen, Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency Mr. Maros Šefčovič and Commissioner for Startups, Research and Innovation Ms Ekaterina Zaharieva co-chaired on the EU side.

    Prime Minister Narendra Modi and European Commission President Ursula von der Leyen had established the India-EU TTC in April 2022 as a key bilateral platform to address challenges at the confluence of trade, trusted technology and security. India and the European Union, as two large and vibrant democracies with open market economies, shared values and pluralistic societies, are natural partners in a multipolar world.

    The deepening of bilateral relations and the growing strategic convergence between the EU and India respond to the shifting dynamics of the global geopolitical landscape and a common interest in promoting global stability, economic security, and sustainable and inclusive growth. In that respect, both sides emphasized again the importance of the rules-based international order and the full respect for the principles of sovereignty, territorial integrity, transparency, and peaceful resolution of disputes. The TTC reflects a shared acknowledgement between the EU and India of the increasingly critical links between trade and technology, the potential of cooperation on these issues to enhance the economies of both partners, and the need to work together on the related security challenges. Both sides note the potential of their partnership to increase resilience, strengthen connectivity and drive forward the development of green and clean technologies.

    The first meeting of the India-EU TTC was held in Brussels on 16 May 2023. The TTC Ministerial Meeting provided political guidance for the way forward. Subsequently on 24 November 2023, a stock-taking meeting in virtual mode reviewed the progress made by the three TTC working groups.

    Working Group 1 on Strategic Technologies, Digital Governance, and Digital Connectivity

    India and the European Union reaffirmed the importance of deepening their digital cooperation in line with their shared values through the Working Group 1 on Strategic Technologies, Digital Governance, and Digital Connectivity. Both sides committed to leverage their respective strengths to accelerate a human-centric digital transformation and the development of advanced and trustworthy digital technologies such as AI, semiconductors, High-Performance Computing and 6G, which will benefit both economies and societies. Both sides committed to work jointly to strengthen EU-India research and innovation for this purpose to further enhance competitiveness, while increasing their economic security. Both sides committed to promoting global connectivity in a cyber-secure digital ecosystem.

    Recognizing the importance of Digital Public Infrastructure (DPI) for the development of open and inclusive digital economies and digital societies, India and the European Union agreed to collaborate on working towards interoperability of their respective DPIs that respect human rights and protect personal data, privacy, and intellectual property rights. Both sides further committed to jointly promote DPIs solutions to third countries and further emphasized the need of mutual recognition of e-signatures to enhance cross-border digital transactions and foster mutual economic growth.

    Both sides emphasized their commitment to further strengthen the resilience of semiconductor supply chains and promote collaboration in the field of semiconductors. To that end, they agreed to explore joint R&D in the field of chip design, heterogeneous integration, sustainable semiconductor technologies, technology development for advanced processes for process design kit (PDK), among others. Both sides shall promote the strengthening of the EU and Indian semiconductor ecosystems to enhance technological capabilities and ensure supply chain resilience by developing sustainable, secure and diversified semiconductor production capacities. Furthermore, they committed to developing a dedicated programme that will facilitate talent exchanges and foster semiconductor skills among students and young professionals.

    The two sides reiterated their commitment to safe, secure, trustworthy, human-centric, sustainable and responsible Artificial Intelligence (AI) and to promote this vision on the international level. In addition, with a view to ensuring continued and impactful cooperation on AI, the European AI Office and India AI Mission agreed to deepen cooperation, encouraging an ecosystem of innovation and fostering information exchange on common open research questions for developing trustworthy AI. They also agreed to enhance cooperation on large language models, and to harness the potential of AI for human development and common good, including through joint projects such as developing tools and frameworks for ethical and responsible AI. These will build on the progress made under R&D collaboration on high-performance computing applications in the areas of natural hazards, climate change, and bioinformatics.

    India and the EU welcomed the signing of a memorandum of understanding between the Bharat 6G Alliance and the EU 6G Smart Networks and Services Industry Association for aligning research and development priorities and creating secured and trusted telecommunications and resilient supply chains. Both sides will also enhance cooperation on IT and telecoms standardisation with a particular focus on promoting interoperable global standards.

    Furthermore, the two sides agreed to work towards bridging the digital skills gap, explore mutual recognition of certifications, and promote legal pathways of skilled professionals and exchange of talent.

    Both sides agreed to collaborate on the implementation of the Global Digital Compact, agreed by consensus at the UN General Assembly in September 2024, as a key instrument for delivering on their shared objectives. They noted the need to ensure that the forthcoming World Summit on Information Society +20 maintains global support for and enhances the multi-stakeholder model of Internet governance.

    Working Group 2 on Clean and Green Technologies

    India and the European Union recalled the importance of the priority workstreams identified under Working Group 2 on Clean and Green Technologies for achieving net zero emissions by 2070 and 2050 for India and the European Union, respectively. Achieving these targets will require significant investment in new clean technologies and standards. An emphasis on research and innovation (R&I) will foster technological collaboration and exchange of best practices between the EU and India. In parallel, supporting technological innovations for market uptake will enhance access to the respective markets by Indian and EU enterprises and facilitate wide adoption of innovative technologies. This opens perspectives for cooperation between Indian and EU incubators, SMEs and start-ups and building human resource capability and capacity in such technologies.

    In this regard, both sides agreed on joint research cooperation through exceptional coordinated calls on recycling of batteries for electric vehicles (EVs), marine plastic litter, and waste-to-hydrogen. The estimated total joint budget will be about EUR 60 million from the Horizon Europe programme and from matching Indian contributions. On recycling of batteries for EVs, the focus will be on battery circularity through different kinds of flexible/low cost/easy to recycle batteries. In marine plastic litter, the focus will be on developing technologies for detection, measurement and analysis of aquatic litter and for mitigation of the cumulative impact of pollution on the marine environment. On waste-to-hydrogen, the focus will be on developing technologies with greater efficiency to produce hydrogen from biogenic wastes.

    The two sides recalled the importance of the substantive exchanges between experts in the identified areas of cooperation as the basis for future action. Indian experts have participated in a training and mutual learning exercise on EV interoperability and Electromagnetic Compatibility (EMC) at the Joint Research Centre (JRC) E-Mobility Lab in Ispra, Italy in January 2024. Furthermore, a joint hybrid workshop on EV Charging Technologies (Standardisation and Testing) was organised at the Automotive Research Association of India (ARAI), Pune, India and online, to deepen the EU-Indian dialogue and the industry’s engagement in charging infrastructure standardisation processes with India. The two sides also concluded a Matchmaking Event to identify, support and organise exchanges between Indian and EU startups in technology for recycling of batteries for EVs. Experts also jointly discussed assessment and monitoring tools for marine plastic litter. Finally, an “Ideathon” fostering EU-India collaboration to co-create practical solutions involving all stakeholders for addressing marine plastic pollution effectively is in preparation.

    Both sides agreed to explore cooperation on harmonising standards for EV charging infrastructure, including cooperative, pre-normative research for harmonised testing solutions and knowledge exchange in the domain of e-mobility. They also agreed to explore how to enhance collaboration in the field of hydrogen-related safety standards, the science of standards as well as the market uptake of wastewater treatment technologies as outcomes of previous jointly conducted research projects.

    Working Group 3 on Trade, Investment and Resilient Value Chains

    India and the European Union noted productive discussions under Working Group 3 on Trade, Investment and Resilient Value Chains with a view to building a closer economic partnership between India and the European Union. In an increasingly challenging geopolitical context, both sides committed to work together for creating wealth and shared prosperity. The work under Working Group 3 complements the ongoing negotiations on a Free Trade Agreement (FTA), an Investment Protection Agreement (IPA) and a Geographical Indications Agreement which are proceeding on separate tracks.

    Both sides committed to fostering resilient and future-ready value chains by prioritizing transparency, predictability, diversification, security and sustainability. Both sides expressed satisfaction with the progress made on Agri-food, Active Pharmaceutical Ingredients (APIs) and Clean Technologies sectors and agreed on work plans in these three fields with the aim of promoting value chains that can withstand global challenges.

    In agriculture, India and the EU intend to collaborate on contingency planning for food security and welcomed common efforts on shared research and innovations needs regarding climate-resilient practices, crop diversification and infrastructure improvements as promoted for cooperation through the G20 framework. In the pharmaceutical sector, both sides aim to enhance transparency and security in Active Pharmaceutical Ingredients (APIs) supply chains by mapping vulnerabilities, promoting sustainable manufacturing, and establishing early warning systems to prevent disruptions. Clean technology cooperation centers on strengthening supply chains for solar energy, offshore wind, and clean hydrogen by exchanging information on sectoral capabilities and investment incentives and Research, Development and Innovation priorities as well as on methodologies to assess vulnerabilities, discussing approaches to minimize trade barriers and exploring possible synergies of the supply chains. Across these sectors, India and the EU are working to foster investment, exchange best practices, and mitigate risks through regular dialogues, research collaborations, and business-to-business engagements, ensuring supply chain resilience and sustainable economic growth.

    Both sides acknowledged that relevant priority market access issues are being addressed through cooperation within the TTC framework. The EU side appreciated the Indian initiatives to approve the marketing of several EU plant products while the Indian side appreciated the listing of a number of Indian aquaculture establishments and taking up the issue of equivalence for agricultural organic products. Both sides agreed to pursue their efforts on these topics, under the TTC review mechanism, and to continue their engagement on remaining issues flagged by each other.

    The two sides noted the exchanges regarding best practices in the screening of Foreign Direct Investments, which is an area of growing importance to foster economic security.

    India and the EU strengthened their commitment towards the multilateral trading system as an anchor in the current challenging geopolitical context. At the same time, they recognized the need to bring necessary reform to the WTO so that it is able to address efficiently and effectively issues of interest to Members. Both sides also recognized the importance of a functioning dispute settlement system. For this purpose, they agreed to deepen their dialogue and engagement to help the WTO deliver concrete outcomes, including at MC14.

    Both sides have held in-depth discussions on trade and decarbonization through several bilateral channels and have engaged jointly with stakeholders, especially on the implementation of the EU’s carbon border mechanism (CBAM). Both sides discussed the challenges arising out of CBAM implementation, in particular for the small and medium enterprises and agreed to continue addressing them.

    The co-chairs reaffirmed their commitment to expanding and deepening their engagement under the TTC and to working together to fulfill the goals laid out in this successful second meeting of the TTC. They agreed to meet again for the third meeting of TTC within one year from now.

     

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    MJPS/ST

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Ministry of Mines Awards Letter of Intent to JNPA for Construction Sand Block in the Offshore Area

    Source: Government of India

    Posted On: 28 FEB 2025 6:18PM by PIB Delhi

    Union Minister of Mines & Coal, Shri G. Kishan Reddy, and Chief Minister of Maharashtra, Shri Devendra Fadnavis handed over the Letter of Intent (LoI) for grant of Composite licence in respect of offshore Blocks of construction sand to Chairman, Jawaharlal Nehru Ports Authority (JNPA) in Mumbai today. The construction sand from the offshore mineral block, located off the coast of Maharashtra, will be used for the reclamation and development of the Greenfield Port at Vadhavan, Palghar, Maharashtra by JNPA. The offshore sand block is located off the Daman coast about 50 km from the proposed Vadhavan Port site at a depth varying from 20 m. to 25 m.

    The offshore construction sand block will meet the requirement of reclamation of about 200 million cubic metres of sand for the development of an all-weather Greenfield Major Port at Vadhavan in the State of Maharashtra. The Vadhavan Port is being developed at a total cost of Rs. 76,220 Cr and will create a cumulative capacity of 298 million metric tons per annum, including 23.2 million TEUs (Twenty Foot Equivalent Units) of container handling capacity, and will comprise 9 container terminals, each of 1000 meters length, 4 multipurpose berths etc. JNPA, as one of India’s leading port authorities, has played a pivotal role in driving the nation’s trade and logistics ecosystem

    This is the first time a mineral block is being allocated for exploration and production of minerals in the offshore areas of India. The Parliament amended the Offshore Areas Mineral (Development & Regulation) Act, 2002, in August, 2023 which, inter alia, introduced provision of reservation of mineral blocks to the Government, Government companies or Corporations for the purposes of the Central Government.

    At the request of the Ministry of Ports, Shipping and Waterways (MoPSW), the Ministry of Mines reserved the offshore area for the purpose of Central Government under the amended Act vide notification dated 21.12.2023. Today’s grant of Letter of Intent will allow the JNPA to obtain clearances for grant of composite licence in respect of the offshore block.

    The identification of the offshore block was made after due consultation with the concerned Ministries and Departments, ensuring a holistic and well-coordinated approach towards offshore mineral development. The Letter of Intent awarded to JNPA today is a testament to these reforms, reinforcing commitment to responsible, efficient, and globally competitive offshore mineral development.

    The allocation of the block will significantly reduce land-based dependence of construction sand for development and port operations of JNPA. This project is expected to generate employment, boost local industries, and support the government’s vision for Viksit Bharat by 2047.

    JNPA will be adopting state-of-the-art dredging technology to ensure minimal disruption to marine biodiversity and adhere to the highest environmental standards. JNPA is expected to adhere to Harit Sagar Guidelines and Maritime India Vision 2030, ensuring responsible extraction, land reclamation, and long-term ecological balance with its future-ready, sustainable port.

    This initiative reflects government’s unwavering commitment to economic growth that is both inclusive and environmentally sustainable. This milestone reflects government’s proactive approach in unlocking the vast potential of maritime economy and India’s vast offshore resources.

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    Shuhaib T

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: “TDB-DST supports M/s APChemi Pvt. Ltd., Navi Mumbai to Advance Plastic Circularity with Indigenous Pyrolysis Oil Purification Technology”

    Source: Government of India (2)

    Posted On: 28 FEB 2025 6:12PM by PIB Delhi

    The Technology Development Board (TDB) has signed an agreement with M/s APChemi Pvt. Ltd., Navi Mumbai, for their project titled “Production and Commercialization of Purified Pyrolysis Oil to Enable Downstream Production of Circular Plastics and Sustainable Chemicals.” Under this agreement, TDB has sanctioned financial assistance, reaffirming its commitment to fostering indigenous technological advancements in sustainability.

    (Pic- Sh. R.K.Pathak, Secretary (TDB) exchanging agreement with Mr. Suhas Dixit, CEO, M/s APChemi Pvt. Ltd. along with other officials from TDB & AlChemi Pvt. Ltd.)

    APChemi, a pioneer in plastic and biomass pyrolysis with 12 patents (including five granted), has developed a transformative technology that converts non-recyclable, end-of-life plastic waste into high-value, refinery-grade pyrolysis oil. Their patented PUREMAX™ technology offers an innovative and cost-effective method for purifying pyrolysis oil, making it suitable for producing PUROIL™, a feedstock validated by leading global petrochemical and FMCG companies for food-grade circular plastics.

    With the global plastic waste crisis escalating—where less than 10% of the 350 million metric tonnes generated annually is effectively recycled—this project is poised to accelerate plastic circularity by processing 1.2 to 6 kilotonnes of waste per year. Additionally, it is expected to generate approximately 100 jobs while significantly curbing plastic pollution and lowering carbon emissions associated with incineration and landfilling.

    One of the key strengths of this technology lies in its capability to process complex multi-layer packaging waste containing PET and PVC, with an impurity removal efficiency of up to 99.7% for chlorine. This breakthrough has already garnered interest from eight global corporations, including Shell, BASF, Unilever, and PepsiCo, which have issued Letters of Intent for integrating PUROIL™ into their supply chains to advance circularity in plastics.

    Sh. Rajesh Kumar Pathak, Secretary, TDB, emphasized the project’s alignment with national priorities, stating, APChemi’s innovative approach exemplifies the kind of indigenous solutions that TDB is dedicated to supporting—technologies that not only address pressing environmental challenges but also strengthen domestic capabilities and create economic opportunities. This initiative will significantly contribute to establishing a sustainable and self-reliant circular economy for plastics in India, reducing reliance on imported crude oil and fostering employment generation.”

    Mr. Suhas Dixit, CEO, APChemi, highlighted the significance of this initiative, stating, “The partnership with TDB marks a significant milestone in our mission to turn the plastic waste crisis into an economic opportunity while restoring environmental balance. Our technology bridges a crucial gap in plastic circularity by eliminating corrosives and catalyst poisons from pyrolysis oil, enabling the production of high-value circular plastics from waste that would otherwise contribute to pollution.”

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Leaders’ Statement: Visit of Ms. Ursula von der Leyen, President of the European Commission and EU College of Commissioners to India (February 27-28, 2025)

    Source: Government of India (2)

    Posted On: 28 FEB 2025 6:05PM by PIB Delhi

    Prime Minister Shri Narendra Modi and President of the European Commission Ms. Ursula von der Leyen affirmed that the EU-India Strategic Partnership has delivered strong benefits for their peoples and for the larger global good. They committed to raise this partnership to a higher-level, building upon 20 years of India-EU Strategic Partnership and over 30 years of India-EC Cooperation Agreement.

    President von der Leyen was on her landmark official visit as she led the European Union College of Commissioners to India on 27-28 February 2025. This is the first visit of the College of Commissioners outside the European continent since the start of their new mandate and also the first such visit in the history of India-EU bilateral ties.

    As the two largest democracies and open market economies with diverse pluralistic societies, India and EU underscored their commitment and shared interest in shaping a resilient multipolar global order that underpins peace and stability, economic growth and sustainable development.

    The leaders agreed that shared values and principles including democracy, rule of law, and the rules-based international order in line with the purposes and principles of the UN Charter make India and the EU like-minded and trusted partners. The India-EU Strategic partnership is needed now, more than ever, to jointly address global issues, foster stability, and promote mutual prosperity.

    In this context, they stressed the importance of intensifying cooperation between India and Europe in trade and de-risking of supply chains, investment, emerging critical technologies, innovation, talent, digital and green industrial transition, space and geospatial sectors, defence and people-to-people contacts. They also highlighted the need to cooperate on tackling common global challenges, including climate change, the governance of Artificial Intelligence, development finance, and terrorism in an interdependent world.

    The two leaders welcomed the progress made by the second ministerial meeting of the India-EU Trade and Technology Council (TTC) that took place during the visit in fostering deeper collaboration and strategic co-ordination at the intersection of trade, trusted technology, and green transition.

    They also welcomed the specific outcomes emerging from deliberations conducted between the EU College of Commissioners and their Indian counterpart Ministers.

    The leaders committed to as follows:

    i. Task their respective negotiating teams to pursue negotiations for a balanced, ambitious, and mutually beneficial FTA with the aim of concluding them within the course of the year, recognizing the centrality and importance of growing India EU trade and economic relations. The leaders asked the officials to work as trusted partners to enhance market access and remove trade barriers. They also tasked them to advance negotiations on an Agreement on Investment Protection and an Agreement on Geographical Indications.

    ii. Direct the India-EU Trade and Technology Council to further deepen its engagement to shape outcome-oriented cooperation in areas of economic security and supply chain resilience, market access and barriers to trade, strengthening of semiconductor ecosystems, trustworthy and sustainable Artificial Intelligence, high-performance computing, 6G, Digital Public Infrastructure, joint research and innovation for green and clean energy technologies with a focus on trusted partnerships and industry linkages across these sectors, including the recycling of batteries for electric vehicles (EVs), marine plastic litter, and waste to green/renewable hydrogen. In this context, they welcomed the progress in the implementation of MoU on semiconductors for boosting the semiconductor supply chains, leveraging complementary strengths, facilitating talent exchanges and fostering semiconductor skills among students and young professionals; as well as the signing of MoU between Bharat 6G alliance and the EU 6G Smart Networks and Services Industry Association for creating secured and trusted telecommunications and resilient supply chains.

    iii. Further expand and deepen cooperation under India-EU partnerships in areas of connectivity, clean energy and climate, water, smart and sustainable urbanization, and disaster management as well as work to intensify cooperation in specific areas such as clean hydrogen, offshore wind, solar energy, sustainable urban mobility, aviation, and railways. In this context, they welcomed the agreement on holding an India-EU Green Hydrogen Forum and the India-EU Business Summit on Offshore Wind Energy.

    iv. Develop new specific areas of co-operation identified during the bilateral discussions between the EU Commissioners and Indian Ministers to be reflected in the future joint Strategic Agenda to drive mutual progress.

    v. Undertake concrete steps for the realization of the India-Middle East-Europe Economic Corridor (IMEC) announced during the G20 Leaders’ Summit in New Delhi, deepen their cooperation in the framework of the International Solar Alliance (ISA), the Coalition for Disaster Resilient Infrastructure (CDRI), Leadership Group for Industry Transition (LeadIT 2.0), and Global Biofuels Alliance.

    vi. Strengthen people-to-people ties especially in the areas of higher education, research, tourism, culture, sports, and between their youths, and create an enabling environment for enhancing such exchanges. Also to promote legal, safe and orderly migration in areas of skilled workforce and professionals in view of India’s growing human capital and taking into account EU member states’ demographic profile and labour market needs.

    The leaders reaffirmed their commitment to promote a free, open, peaceful and prosperous Indo-Pacific built on international law and mutual respect for sovereignty and peaceful resolution of disputes underpinned by effective regional institutions. India welcomed the EU joining the Indo-Pacific Oceans Initiative (IPOI). Both sides also committed to explore trilateral co-operation including in Africa and the Indo-Pacific.

    The two leaders expressed satisfaction at growing cooperation in the defence and security domain, including joint exercises and collaboration between Indian Navy and EU Maritime security entities. The EU side welcomed India’s interest in joining the projects under the EU’s Permanent Structured Cooperation (PESCO) as well as to engage in negotiations for a Security of Information Agreement (SoIA). The leaders also committed to explore a security and defence partnership. They reiterated their commitment to international peace and security, including maritime security by tackling traditional and non-traditional threats to safeguard trade & sea lanes of communication. They emphasised the need to deepen collaboration in counter terrorism and to strengthen international cooperation to combat terrorism, including cross-border terrorism and terrorism financing in a comprehensive and sustained manner.

    The two leaders also discussed key international and regional issues, including on the situation in the Middle-East and the war in Ukraine. They expressed support for a just and lasting peace in Ukraine based on respect for international law, principles of the UN charter and territorial integrity and sovereignty. They also reiterated their commitment to the vision of the two-State solution with Israel and Palestine living side by side in peace and security within recognized borders, consistent with international law.

    The Leaders recognized the productive and forward-looking nature of the discussions and agreed on the following concrete steps:

    (i) Expedite the conclusion of the FTA by the end of the year.

    (ii) Further focused discussions on defence industry and policy to explore opportunities from new initiatives and programmes.

    (iii) A review meeting with partners to take stock on the IMEC initiative.

    (iv) Engage on maritime domain awareness with a view to promoting shared assessment, coordination and interoperability.

    (v) Convene the next meeting of the TTC at an early date to deepen cooperation in semiconductors and other critical technologies.

    (vi) Enhance the dialogue on clean and green energy between governments and industry, with a focus on green hydrogen.

    (vii) Strengthening collaboration in the Indo-Pacific including through trilateral cooperation projects.

    (viii) Strengthen cooperation on Disaster Management through the development of appropriate arrangements including on policy and technical level engagement for preparedness, response capacities and coordination.

    Both leaders expressed confidence that this momentous visit will mark the beginning of a new chapter in the history of relations and reaffirmed their commitment to further expand and deepen the India-EU Strategic Partnership. They looked forward to the next India EU Summit being organized in India at the earliest mutually convenient time and to the adoption of a new joint Strategic Agenda on that occasion. President von der Leyen thanked Prime Minister Modi for his warm hospitality.

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    MIL OSI Asia Pacific News

  • MIL-OSI Video: Monday Briefings, Secretary-General & other topics – Daily Press Briefing

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    – Monday Briefings
    – Secretary-General
    – Occupied Palestinian Territory
    – Syria
    – Democratic Republic of the Congo/Peacekeeping
    – Democratic Republic of the Congo
    – South Sudan
    – Biodiversity
    – International Days
    – Jane

    MONDAY BRIEFINGS
    On Monday there will be a briefing here by Ambassador Christina Markus Lassen, whom as you know is the Permanent Representative of Denmark, but she will be here in her capacity as President of the Security Council for the month of March. She will of course brief on the Council’s programme for the month. The briefing will be in person only, so if you want to ask questions you will need to have your backside in the seats. You can obviously follow it on the webcast.
    Then, at 2:15 p.m., there will be a briefing here on the Third Meeting of States Parties to the Treaty on the Prohibition of Nuclear Weapons. Speakers will include Akan Rakhmetullin, the First Deputy Foreign Minister of Kazakhstan and President of the Meeting, and he will be joined by Melissa Parke, the Executive Director of the International Campaign to Abolish Nuclear Weapons.

    SECRETARY-GENERAL
    You will have seen that early this morning, the Secretary-General in his remarks expressed his deep concern about information received in the last 48 hours by UN agencies — as well as many humanitarian and development NGOs — regarding severe cuts in funding by the United States. The consequences, he said, will be especially devastating for vulnerable people around the world.
    The Secretary-General expressed his hope that these decisions can be reversed based on more careful reviews, adding that in the meantime, every United Nations agency stands ready to provide the necessary information and justification for its projects.
    The Secretary-General also announced that next Tuesday, he will be in Cairo to join the Extraordinary Summit of the League of Arab States to discuss the issue of the reconstruction of Gaza.

    OCCUPIED PALESTINIAN TERRITORY
    And turning to Gaza, the Office for the Coordination of Humanitarian Affairs tells us that since last month, our humanitarian partners have screened more than 100,000 children under the age of five for malnutrition, enrolling those who need it for treatment. They also continue to distribute nutrient supplements to infants and young children.
    For its part, UNRWA [the Relief and Works Agency] tells us that more than half a million people across the five governorates of the Gaza Strip have received blankets, mattresses, floor mats, clothes, and other items including tarpaulins for rain protection.
    Turning to the West Bank, our colleagues at OCHA remind us that the ongoing Israeli forces’ operation has entered its sixth week. Tens of thousands of people remain displaced in Jenin and Tulkarm.
    On 25 and 26 of this month, OCHA and its partners led a mission to assess the needs of people displaced in Jenin and Tulkarm. Many of these families have been displaced multiple times. They lost their livelihoods and are no longer able to cover the basic needs of their families. Access to food is limited, with some displaced people reporting a reduction in meals consumed each day.
    Children in schools have lost more than one month of learning and have been subjected to high levels of anxiety and distress.
    In a report published yesterday, partners called for the protection of children and their right to live and access education, healthcare and other basic services.
    Meanwhile, Israeli settlers continue to attack Palestinian communities across the West Bank. Since 2020, settler-related incidents targeting Palestinian Bedouin and herding communities have increased almost sevenfold.
    Documented incidents rose to 330 in 2024 – compared to just 50 in 2020.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=28%20February%202025

    https://www.youtube.com/watch?v=cw4yCJbG0vw

    MIL OSI Video