NewzIntel.com

Category: Business

  • MIL-OSI: Thomasville Bancshares, Inc. Announces Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    THOMASVILLE, Ga., July 10, 2025 (GLOBE NEWSWIRE) — Thomasville Bancshares, Inc. (OTCID: THVB), the parent company of Thomasville National Bank and TNB Financial Services, reported its financial results for the quarter ended June 30, 2025.

    Second Quarter 2025 Highlights

    • Net Income for the quarter of $11,828,466 compared to $10,206,006 for the same period last year, an increase of 16%.
    • YTD Net Income of $22,331,844 compared to $19,563,994 for the same period last year, an increase of 14%.
    • YTD Earnings per share were $3.48 (basic) and $3.36 (diluted).
    • YTD Return on Average Assets of 2.40% and Return on Average Tangible Equity of 24.88%.
    • Total Assets of $1.927 billion, an increase of $162 million over the same period in 2024.
    • Loans grew to $1.648 billion, an increase of $176 million or 12% year-over-year.
    • Deposits were $1.626 billion, an increase of $104 million or 7% year-over-year.
    • Regulatory Capital was $191 million or 10.21% of assets.
    • TNB Financial, provider of trust and investment services, has client assets over $5 billion.

    Stephen H. Cheney, Chairman and CEO, said “The combination of solid growth, improved margins and excellent operating efficiency continued to drive our strong financial performance for the quarter ended June 30, 2025. We believe that our Bank is well positioned to continue this strong performance throughout the year.”

    Bank President, Charles H. (Bert) Hodges, III stated “Our resilient culture that empowers our bankers to be creative thinkers has become extremely unique in our industry. This continues to set us apart and has led to superior credit quality, solid customer loyalty, and excellent opportunities for growth. The talent, pride and competitive spirit of our bankers makes us more confident than ever about the future of TNB.”

    About Thomasville Bancshares, Inc., and Thomasville National Bank

    Thomasville Bancshares, Inc. was founded in 1995 as the holding company for Thomasville National Bank. Today the Bank has total assets of over $1.927 billion. TNB is consistently recognized as a top performing community bank. In 2025, TNB was ranked 4th nationally in American Banker’s Top 200 Community Banks based upon three years average return on shareholders’ equity. The Bank’s trust and investment division, TNB Financial Services, has client assets over $5 billion under advisement and provides financial planning, investments, trust, brokerage, and other related financial services. TNBFS has offices located in Georgia, Florida, South Carolina, Illinois, and Ohio. The Company is headquartered in Thomasville, Georgia and has over 800 local shareholders. Thomasville National Bank is Member FDIC and an Equal Housing Lender. For more information, call 229-226-3300 or visit www.tnbank.com.

    The MIL Network –

  • MIL-OSI: Caldwell U.S. Dividend Advantage Fund Declares Distributions for Q3 2025

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
    OR FOR DISSEMINATION IN THE UNITED STATES

    TORONTO, July 10, 2025 (GLOBE NEWSWIRE) — Caldwell Investment Management Ltd., the manager of Caldwell U.S. Dividend Advantage Fund (the “Fund”), is pleased to announce the payment of distributions on the actively-managed ETF Series of the Fund to unitholders of record as indicated below. The monthly distribution rate of CAD $0.038 per unit of the ETF Series represents an annualized yield on net assets of approximately 3.2%.

    Record Date Payment Date Distribution per Unit
    July 31, 2025 August 8, 2025 CAD $0.038
    August 29, 2025 September 8, 2025 CAD $0.038
    September 30, 2025 October 7, 2025 CAD $0.038
         

    ETF Series unitholders also have the option to participate in the distribution reinvestment plan (“DRIP”) offered by the Fund, which provides investors with the ability to automatically reinvest distributions and realize the benefits of compounded growth. Unitholders can enroll in the DRIP program by contacting their investment advisor.

    The ETF Series of Caldwell U.S. Dividend Advantage Fund trades on the TSX under the ticker symbol UDA.

    For further information, please visit our website at www.caldwellinvestment.com or contact us at 416-593-1798 or 1-800-256-2441.

    The Fund was first offered to the public as a closed-end investment on May 28, 2015 and was converted into an open-end mutual fund effective as of November 15, 2018, with all outstanding units designated as Series F units. The ETF Series of the Fund was launched on March 18, 2020.  Performance of the Fund prior to the conversion date would have differed had the Fund been subject to the same investment restrictions and practices of the current open-end mutual fund.

    Investors are strongly encouraged to consult with a financial advisor and review the Simplified Prospectus and Fund Facts documents carefully prior to making investment decisions about the Fund. Caldwell Investment Management Ltd. makes no representations or warranties on the accuracy and completeness of the information included herein. Certain statements herein contain forward looking information based on certain historical information of the Fund and represent current expectations as of the date of this press release. Actual future results may differ materially due to but not limited to prevailing market conditions, there being no assurance of realizing capital gains and no assurance that issuers held in the portfolio will pay dividends or distributions on their securities. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund’s performance, rate of return or yield. If distributions paid are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your adjusted cost base (“ACB”) will be reduced by the amount of any returns of capital and should your ACB fall below zero, you will have to pay capital gains tax on the amount below zero.

    The MIL Network –

  • MIL-OSI: Dave Cantin Group to Be Exclusive Automotive Retail M&A Advisory Partner of 2025 Pebble Beach Concours d’Elegance

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) — The Dave Cantin Group (DCG), a leading mergers and acquisitions advisory company to retail automotive groups and their owners, today announced it will be the exclusive automotive retail mergers and acquisitions partner of the 2025 Pebble Beach Concours d’Elegance, the crown jewel of Monterey Car Week. In partnership with the California New Car Dealers Association (CNCDA), DCG will host an exclusive private event for its clients and other industry leaders during the prestigious automotive showcase.

    The Pebble Beach Concours d’Elegance, set for August 17, 2025, is widely regarded as the world’s most prestigious collector car competition. Each year, the event attracts the finest classic and modern automobiles, leading collectors, and top automotive brands that often unveil their latest concept and production models against the breathtaking backdrop of Pebble Beach, California.

    “As the leader in retail automotive M&A, Dave Cantin Group is committed to having the broadest industry reach possible,” said DCG President Brian Gordon. “DCG, along with our partners at CNCDA, are proud to demonstrate our continued commitment to serving dealers at one of the finest industry events in the country.”

    “CNCDA is excited to partner with DCG in offering this memorable opportunity for our members,” CNCDA President Brian Maas said. “Our team is looking forward to reconnecting with our dealers and DCG at this incredible event.”

    DCG and CNCDA’s private event will be an invitation-only experience, bringing together top dealership executives and other industry executives. DCG CEO Dave Cantin and other senior team members will be on-site to welcome guests, strengthen relationships and share thought leadership about how we collectively shape the automotive retail landscape going forward.

    Details for the event, including the exact date, time and location, will be shared directly with invited guests. Those planning to attend Monterey Car Week are encouraged to connect with the DCG team in advance.

    About Dave Cantin Group
    The Dave Cantin Group is a leading automotive M&A advisory company specializing in acquisitions, divestitures, intelligence, and other advisory services. The company is the M&A services provider of choice for North America’s top automotive dealership groups, advising on approximately 40 transactions annually. DCG is differentiated by its advisory approach, long-term lens on client relationships, and commitment to market intelligence tools that inform DCG and client strategies. In 2023, DCG became the only retail automotive M&A company with a significant strategic investor, welcoming Kaltroco to the DCG family.

    Through its M&A intelligence division, DCG produces automotive content and delivers relevant, timely market intelligence, including the automotive industry Market Outlook Report (MOR). Together with CBT News, DCG produces the Inside M&A studio show and podcast to share stories, news, and trends impacting the retail automotive industry. DCG’s proprietary AI-enabled software, Jump IQ, anchors its advisory services that support retail automotive dealers in developing informed M&A strategies and making smarter M&A decisions.

    The company’s nonprofit initiative, DCG Giving, funds child and adolescent cancer research and treatment in communities nationwide and other worthy charitable initiatives. DCG team members regularly feature on the industry speaking circuit and are often cited by top national and global news outlets. For more information, please visit davecantingroup.com.

    Media Contact:
    Katie Merx
    katiemerx@gmail.com
    313.510.5090

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43ecd787-95e8-42b7-9a73-217a8ed8167a

    The MIL Network –

  • MIL-OSI USA: CNBC Names North Carolina the #1 State for Business

    Source: US State of North Carolina

    Headline: CNBC Names North Carolina the #1 State for Business

    CNBC Names North Carolina the #1 State for Business
    lsaito

    Raleigh, NC

    North Carolina has been recognized as the Top State for Business by CNBC. This announcement marks the third time in the last four years that the state has earned the ranking.

    “This confirms what we have known for a long time – that North Carolina is the best state in the country for business,” said Governor Josh Stein. “Our people, state’s business climate, top research universities and excellent community college system, infrastructure, and high quality of life help both companies and workers thrive. I want to thank leaders like former Governor Roy Cooper and state legislators of both parties who have helped North Carolina create a welcoming climate. I am proud of the progress our state has made, and we are just getting started.” 

    “This recognition reflects our relentless commitment to building a competitive, welcoming, and dynamic economy that creates opportunity for everyone,” said N.C. Commerce Secretary Lee Lilley. “From our world-class workforce to our strategic investments in infrastructure, education, and innovation, North Carolina continues to lead the way as a place where businesses thrive, and communities prosper. We share this success with all of our partners across the public and private sectors and look forward to building on this momentum.”

    “North Carolina’s recognition as the best state for business for the third year in the last four is a testament to an economic development strategy that relies on the power of partnerships,” said Christopher Chung, CEO of the EDPNC. “Our strength lies in our ability to connect companies with the workforce, infrastructure, sites, industry ecosystems, and innovation resources needed to support their growth, as well as a business-friendly environment that’s especially valuable in times of economic uncertainty. From one of the nation’s top community college systems and the nation’s oldest public university to our modern transportation networks and robust utility capacity, North Carolina is built for growth.”

    The CNBC study measures states across 10 categories of competitiveness. Weights are assigned to each category based on how frequently states cite it as a selling point. States can earn a maximum of 2,500 points, and North Carolina scored 1,614 to take the top spot. North Carolina has been the top state for business for three out of the last four years, and the state’s biggest strengths this year are Economy, Workforce, and Business Friendliness.  

    Since taking office in January, Governor Stein has announced business expansions or new projects that will yield nearly $17 billion of new capital investment in North Carolina and create more than 20,000 new, good-paying jobs. North Carolina is a leader in the clean energy economy, with more than 100,000 people employed in the sector.  

    Governor Stein believes that North Carolinians should not have to get a traditional four-year degree to get a good job that can support a family. In March, he signed an executive order creating the Council on Workforce and Apprenticeships, a bipartisan group directed to find strategies to strengthen North Carolina’s workforce development and expand access to good jobs with good wages. The council recently released its first report, which outlines 11 goals to ensure more people have the skills to build strong careers and bright futures in a changing economy. Governor Stein recently signed into law Senate Bill 124, which reduces the number of state government jobs that require a four-year college degree.

    To combat North Carolina’s child care crisis, the Governor launched his Task Force on Child Care and Early Education, which seeks to make high-quality child care more accessible, affordable, and sustainable. Governor Stein also established the Advisory Council on Student Safety and Well-Being to ensure that the state’s public schools support students’ learning growth and foster an engaging environment.

    Nine months after Hurricane Helene, Governor Stein remains committed to the economic recovery efforts in western North Carolina. He recently announced the “Rediscover the Unforgettable” tourism initiative in collaboration with Visit NC to encourage travelers to plan their next trips to western North Carolina. In partnership with the Dogwood Health Trust and the Duke Endowment, Governor Stein and the State of North Carolina invested in the Western North Carolina Small Business Initiative. The $55 million program provided grants to more than 2,000 businesses across the region. This week, Governor Stein visited the Town of Clyde to award one of the first grants from the Small Business Infrastructure Grant Program, which is helping local governments rebuild public infrastructure such as sidewalks and downtown parking. Governor Stein continues to urge people to visit western North Carolina and support its small businesses.

    Click here to read CNBC’s report.  

    Jul 10, 2025

    MIL OSI USA News –

  • MIL-OSI USA: CNBC Names North Carolina the #1 State for Business

    Source: US State of North Carolina

    Headline: CNBC Names North Carolina the #1 State for Business

    CNBC Names North Carolina the #1 State for Business
    lsaito

    Raleigh, NC

    North Carolina has been recognized as the Top State for Business by CNBC. This announcement marks the third time in the last four years that the state has earned the ranking.

    “This confirms what we have known for a long time – that North Carolina is the best state in the country for business,” said Governor Josh Stein. “Our people, state’s business climate, top research universities and excellent community college system, infrastructure, and high quality of life help both companies and workers thrive. I want to thank leaders like former Governor Roy Cooper and state legislators of both parties who have helped North Carolina create a welcoming climate. I am proud of the progress our state has made, and we are just getting started.” 

    “This recognition reflects our relentless commitment to building a competitive, welcoming, and dynamic economy that creates opportunity for everyone,” said N.C. Commerce Secretary Lee Lilley. “From our world-class workforce to our strategic investments in infrastructure, education, and innovation, North Carolina continues to lead the way as a place where businesses thrive, and communities prosper. We share this success with all of our partners across the public and private sectors and look forward to building on this momentum.”

    “North Carolina’s recognition as the best state for business for the third year in the last four is a testament to an economic development strategy that relies on the power of partnerships,” said Christopher Chung, CEO of the EDPNC. “Our strength lies in our ability to connect companies with the workforce, infrastructure, sites, industry ecosystems, and innovation resources needed to support their growth, as well as a business-friendly environment that’s especially valuable in times of economic uncertainty. From one of the nation’s top community college systems and the nation’s oldest public university to our modern transportation networks and robust utility capacity, North Carolina is built for growth.”

    The CNBC study measures states across 10 categories of competitiveness. Weights are assigned to each category based on how frequently states cite it as a selling point. States can earn a maximum of 2,500 points, and North Carolina scored 1,614 to take the top spot. North Carolina has been the top state for business for three out of the last four years, and the state’s biggest strengths this year are Economy, Workforce, and Business Friendliness.  

    Since taking office in January, Governor Stein has announced business expansions or new projects that will yield nearly $17 billion of new capital investment in North Carolina and create more than 20,000 new, good-paying jobs. North Carolina is a leader in the clean energy economy, with more than 100,000 people employed in the sector.  

    Governor Stein believes that North Carolinians should not have to get a traditional four-year degree to get a good job that can support a family. In March, he signed an executive order creating the Council on Workforce and Apprenticeships, a bipartisan group directed to find strategies to strengthen North Carolina’s workforce development and expand access to good jobs with good wages. The council recently released its first report, which outlines 11 goals to ensure more people have the skills to build strong careers and bright futures in a changing economy. Governor Stein recently signed into law Senate Bill 124, which reduces the number of state government jobs that require a four-year college degree.

    To combat North Carolina’s child care crisis, the Governor launched his Task Force on Child Care and Early Education, which seeks to make high-quality child care more accessible, affordable, and sustainable. Governor Stein also established the Advisory Council on Student Safety and Well-Being to ensure that the state’s public schools support students’ learning growth and foster an engaging environment.

    Nine months after Hurricane Helene, Governor Stein remains committed to the economic recovery efforts in western North Carolina. He recently announced the “Rediscover the Unforgettable” tourism initiative in collaboration with Visit NC to encourage travelers to plan their next trips to western North Carolina. In partnership with the Dogwood Health Trust and the Duke Endowment, Governor Stein and the State of North Carolina invested in the Western North Carolina Small Business Initiative. The $55 million program provided grants to more than 2,000 businesses across the region. This week, Governor Stein visited the Town of Clyde to award one of the first grants from the Small Business Infrastructure Grant Program, which is helping local governments rebuild public infrastructure such as sidewalks and downtown parking. Governor Stein continues to urge people to visit western North Carolina and support its small businesses.

    Click here to read CNBC’s report.  

    Jul 10, 2025

    MIL OSI USA News –

  • MIL-OSI: Bitget Annual Trading Competition KCGI Launches With $6 Million Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 10, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading crypto exchange and Web3 company, has officially opened registration for KCGI 2025, the most anticipated trading competition of the year, featuring a massive 6 million USDT prize pool, brand-new segments, and early-bird rewards that make joining early a winning move.

    From team battles to bot duels, KCGI 2025 isn’t just a tournament — it’s a spectacle. This year’s edition takes competition to the next level with enhanced challenge modes, region-based leaderboards, and incentives for everyone from strategic captains to high-velocity newcomers. Whether you’re a pro with a polished strategy or a rookie with something to prove, the game is on. There is a spot with your name on it.

    “Every year during KCGI we witness traders across the globe strategize, synchronize and innovate,” said Gracy Chen, CEO at Bitget. “There’s a lot of community and teamwork involved, KCGI is our way of showing gratitude to our top traders. That said, we’re excited to kick off this year’s competition with 6 million USDT up for grabs and a range of dynamic challenges ahead. We’re inviting our community to lead, win, and shape the future of trading.”

    6 Million USDT Promotion Pool

    This year’s 6 million USDT promotion pool is packed with surprises. Top-performing participants may unlock VIP experiences with Bitget partners. Those partners include LALIGA matchday access, MotoGP circuit passes, and other premium rewards that go beyond the charts. It’s not just about who trades best. It’s also about who dares to play big, lead boldly, and win in style.

    KCGI 2025 introduces four high-stakes categories:

    • Team Battle – Form alliances, build your squad, and rise through the ranks together.
    • Copy Trading Showdown – Let your strategy do the talking, or ride with the best.
    • Bot Trading Competition – Code it. Launch it. Dominate the charts.
    • On-chain Arena – The ultimate test of decentralized skill and chain-savvy moves.

    Early registrants unlock exclusive perks like trading bonuses, entry into mystery prize draws, and first dibs on team captaincy slots. Participants from over 100 countries are expected to join. Thus, it has not only become the largest KCGI yet but also the most global, collaborative, and competitive.

    The official Team Battle segment begins July 24, but the smart money moves early. Traders who register now not only secure their seat, but they also set the tone for the event.

    Get in early. Build your team. Shape the leaderboard.

    KCGI 2025: This isn’t just trading, it’s a full-on battle with rewards.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

    Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c7165dcd-738c-44c1-a485-b90d3695b922

    The MIL Network –

  • MIL-OSI: Topnotch Crypto Launches New Cloud Mining Contracts to Support Workers, Savers, and Young Investors

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 10, 2025 (GLOBE NEWSWIRE) —  Topnotch Crypto, a leading provider in the digital mining industry, has officially announced the launch of a new series of cloud mining contracts aimed at supporting individuals facing modern financial challenges. The new offering targets three specific groups: office workers dealing with job instability, savers struggling with inflation, and young investors eager to enter the digital space.

    Designed for the Modern Worker

    As layoffs and unstable income continue to affect office workers worldwide, Topnotch Crypto provides a simplified way to engage with digital mining. The newly launched contracts are easy to activate and require no special equipment or technical knowledge. Users can begin with just an internet connection and a few clicks.

    “Many individuals today are looking for stability in uncertain times,” said a spokesperson for Topnotch Crypto. “We created this solution to be accessible and reliable for everyday people.”

    A Practical Option for Inflation-Weary Savers

    Inflation continues to erode the value of traditional savings. For those watching their money lose value in banks, Topnotch Crypto offers a digital alternative. These cloud mining contracts enable engagement to an enlarging digital ecosystem without the typical risks or difficulties associated with hardware based mining. 

    Additionally, with no hardware purchases and an effortless onboarding process, even first time users can participate comfortably.

    Opening Doors for the Next Generation

    Young individuals are increasingly drawn to digital finance and blockchain. Topnotch Crypto’s new contracts give them a starting point to explore mining safely and independently. It’s a chance to engage with a new financial landscape and gain valuable digital experience.

    The platform simplifies everything—users register, pick a contract, and activate it. The dashboard provides real-time data and easy-to-understand mining metrics, making the process transparent and manageable.

    Simple, Secure, and Accessible

    To get started:

    • Visit https://topnotchcrypto.com
    • Create a free account
    • Choose a mining contract
    • Activate and begin

    Topnotch Crypto ensures every contract runs on secure, professionally managed systems. The platform operates 24/7 and prioritizes transparency and user protection.

    A Responsible Step Forward

    This latest launch showcases Topnotch Crypto’s commitment to corporate responsibility and digital accessibility. By reaching three important groups with solutions designed for their needs, the company reinforces its position as an engaged and progressive participant in cloud mining.

    For more information or to activate a mining contract, visit: https://topnotchcrypto.com

    Media Contact:
    Topnotch Crypto PR Team
    info@topnotchcrypto.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Attachment

    The MIL Network –

  • MIL-OSI: Dedicated E-Signature Provider SignWell Now Integrates with Intuit QuickBooks

    Source: GlobeNewswire (MIL-OSI)

    PORTLAND, Ore., July 10, 2025 (GLOBE NEWSWIRE) — SignWell, a leading e-signature platform trusted by over 65,000 businesses, now seamlessly integrates with Intuit QuickBooks. This integration will empower financial professionals and companies to get estimates and invoices signed faster, eliminate paperwork bottlenecks, and reduce approval delays.

    Business owners and financial professionals, especially accountants and bookkeepers, rely on QuickBooks Online to manage transactions efficiently. This integration streamlines the process of e-signature capture, allowing users to collect legally binding e-signatures directly within QuickBooks workflows, streamlining estimate and invoice approvals, contract execution, and financial documentation.

    “I implemented a new app, SignWell, which I don’t take lightly. I need a compelling reason to bring something new into my tech stack. It has to solve a real problem and improve our workflow,” says Certified Professional Bookkeeper and Tech Enthusiast Kellie Parks. “SignWell solves the issue in QuickBooks Online of getting estimates signed, letting me know when they’re approved, and converting them to invoices. Aside from its many other uses—like getting reports signed off by clients and creating beautiful engagement agreements—it’s a seamless solution for our (and our clients’) AR hiccups.”

    “Speed and compliance are essential for finance teams managing approvals and revenue,” said Sam Wehbe, CEO of SignWell. “By integrating directly with QuickBooks Online, we’ve made it effortless for businesses to move faster, without sacrificing security or audit readiness.”

    Why Finance Teams Use SignWell for QuickBooks Online:

    • Purpose-Built E-Signature Integration for QuickBooks Online – Designed specifically for estimate approvals and invoicing workflows.
    • Audit-Ready Compliance – SignWell is SOC 2 Type 2-certified, with legally binding signatures, secure storage, and full tracking.
    • Eliminate Manual Work – Automate reminders, reduce approval errors, and simplify financial documentation.
    • Cost-Effective – SignWell is one of the most affordable solutions available.

    The SignWell integration is now live in the QuickBooks App Store. QuickBooks Online users can activate the app and start streamlining their approval process today. Follow SignWell on social media to stay up-to-date on future integrations with other popular accounting and banking technology tools. Visit www.signwell.com or explore the integration in the QuickBooks App Store.

    About SignWell

    SignWell is a leading e-signature provider, trusted by over 65,000 businesses worldwide. Backed by SOC 2-certified security, audit-ready tracking, and an intuitive API, SignWell makes document signing effortless, fast, and secure for organizations of all sizes. As the only e-signature software partner integrating with QuickBooks Online, SignWell helps users get estimates approved faster, ensures compliance with legally binding e-signatures, and automates workflows to reduce errors. SignWell is available in the Intuit App Store or sign up at www.signwell.com.

    Disclaimer: Intuit, QuickBooks, and QuickBooks Online are registered trademarks of Intuit Inc. Used with permission.

    The MIL Network –

  • MIL-OSI Analysis: Trump’s budget cuts are adding to risk in life-threatening floods and emergencies

    Source: The Conversation – UK – By Clodagh Harrington, Lecturer in American Politics, University College Cork

    Acclaimed author Michael Lewis wrote a book about the first Trump administration entitled The Fifth Risk, outlining the consequences when people who don’t understand how the government of a vast, complex and multifaceted nation works are put in charge of said government.

    The bestseller was more gripping and fascinating than any work of fiction. It outlined the realities that followed Donald Trump’s 2016 campaign promises to shrink the federal bureaucracy. In it, Lewis quotes lawyer Max Stier, who he describes as the American with the greatest understanding of how his nation’s government worked. Stier offers the truism that “the basic role of governments is to keep us safe.”

    You might deduce that this means those in charge during, and ahead of, emergencies should know what to do and how to do it. And, they have to want to do it. In the case of Trump term one, there was often evidence that some or all of these three elements were lacking. Evidently, planning for distant risk was not something that Trump and his team were interested in prioritising.

    Fast forward to July 2025, and US headlines are filled with images of devastating flash floods in which more than 100 Texans, many of them children, lost their lives. In Kerr County, outside of San Antonio, water levels of the Guadalupe River rose to what was considered a once in a “100-year catastrophe”. Nobody saw it coming, or at least not to the extent that it did. Despite official warnings, the result was one of the worst natural disasters ever faced by the state.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Days earlier, Trump’s “big beautiful bill” was passed in the Senate with a tight 51:50 majority. Republican Texas senator Ted Cruz was among the supporters of a bill which will cut funding for the National Weather Service (NWS) by 6.7% in 2026. These come on the back of earlier resource reductions to the NWS and the National Oceanic and Atmospheric Association (NOAA).

    Within days of the Texas floods, Democrats were calling for an investigation into whether previous budget cuts might have affected capacity for flood preparedness in Kerr County.



    Read more:
    How Donald Trump’s economic policies, including uncertainty around tariffs, are damaging the US economy

    For the bereaved, talk of culpability will hardly bring solace. And any immediate political blame game presents as unseemly in the middle of so much personal tragedy. But a New York Times article reported that “some experts say that staff shortages might have complicated forecasters’ ability to coordinate response”. Such speculative language does not offer clarity or reassurance, and even the often brash president has thus far refrained from finger pointing.

    Nonetheless, uncomfortable conversations are necessary, as it is clear that slashing federal funding does not serve the nation well. Trump already had budget cutting form, as his first-term efforts to slash NOAA and related programme funding demonstrated.

    In 2017, the Environmental Protection Agency (EPA) was also targeted for staff and funding reductions. This came along with the appointment of EPA chiefs who appeared uninterested in prioritising the climate crisis. More recently, the controversial spending cuts agency the Department of Government Efficiency (Doge), headed by Elon Musk, included NOAA in its sights.



    Read more:
    Why Texas Hill Country, where a devastating flood killed dozens, is one of the deadliest places in the US for flash flooding

    Yale University’s Center for Environmental Communication said that while there was no clear evidence that budget cuts had affected weather forecasting in the Texas case, Trump’s planned additional cuts would affect some of NOAA’s key flash flood forecast tools. This includes the Flash project, which improves accuracy, timing and specificity of warnings, such as those that occurred in Texas on July 4. It also said that the weather service had lost many of its most senior staff, which would increase the risks associated with weather-related tragedies.

    Flood water in Texas rose spectacularly fast causing dozens of deaths.

    Cuts and the climate

    Across the board, Doge has targeted other agencies that the public rely on in a crisis, including the Federal Emergency Management Agency (Fema), where plans to reduce staffing by about 20% are currently coming into effect. With responsibility for managing natural and climate-fuelled disasters from hurricanes to floods, the agency has become busier in recent years as disasters have evolved from seasonal to perennial.

    Rob Moore, the director of flooding solutions at the Natural Resources Defense Council, an influential environmental body, argued that “America’s disaster safety net is unraveling.”

    There are likely to be more floods, and other nature-based catastrophes with multiple probable causes and features. While outright prevention may not always be possible, governmental risk and disaster management can help to preclude the devastation seen on July 4 in Texas.

    The problem with responding to long-term risk with short-term or inadequate solutions is that one day, an existential threat could arrive for which the US will not be ready. The danger may not even be as overwhelming as a global pandemic or nuclear threat. It could be as mundane as a local river overflowing. For those who lost their loved ones in Texas, there is nothing distant about their anguish.

    A country with the world’s largest economy does not have to cut federal bureaucracy corners. Wasting tax dollars is never a vote winner, but funding vital emergency services like Fema and the National Weather Service is a fundamental feature of an advanced democracy. As is investing in the technology and personnel to do all possible to predict flash floods. Trump would do well to remember this as he meets the bereaved in Kerr County.

    Clodagh Harrington 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. Trump’s budget cuts are adding to risk in life-threatening floods and emergencies – https://theconversation.com/trumps-budget-cuts-are-adding-to-risk-in-life-threatening-floods-and-emergencies-260710

    MIL OSI Analysis –

  • MIL-OSI Analysis: Women’s Euro 2025: what players do to recover between matches — and how they prepare for their next game

    Source: The Conversation – UK – By Paul Hough, Lecturer Sport & Exercise Physiology , University of Westminster

    Recovery starts for England’s Lionesses as soon as the match ends. Romain Biard/ Shutterstock

    As with many competitions, competitors in the UEFA Women’s Euro 2025 tournament face a gruelling match schedule. There are typically only three or four days between matches during the group stage of international tournaments – with some teams even facing tighter turnarounds depending on scheduling.

    This congested fixture schedule places a significant physical demand on players, increases injury risk and makes it challenging to sustain peak physical performance. This is why recovery strategies are put into action from the moment the match ends so players are in peak condition for the next match.

    The first recovery strategy happens as soon as players arrive in the changing room. There will be a buffet-style food selection with plenty of carbohydrate and protein-based snacks to begin refuelling. Players also typically consume a “recovery” drink. This consists of carbohydrates to restore muscle glycogen (which our body uses for energy), and around 20-30 grams of protein to aid muscle repair.

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    Over the following days, players will follow a meticulously-planned diet with the correct balance of carbohydrates, protein, fats and nutrients (such as the polyphenols found in tart cherry juice) to support muscle repair and adaptation.

    Sweat loss during matches – particularly in summer tournaments – leads to significant dehydration. Players typically sweat around 1.5 litres or more during a match. Immediately after a match, players are given isotonic drinks to replace the water and electrolytes (specifically sodium) they’ve lost through sweating.

    To estimate fluid loss, players’ post-match weight is recorded to guide how much they should drink. A one kilogram reduction in body weight corresponds to roughly one litre of fluid lost through sweating. To re-hydrate, players drink around 1.5 litres per kilogram of weight lost.

    Physical recovery

    Some players might perform around 10-15 minutes of low-intensity aerobic activity immediately following the match – such as cycling. This light activity maintains blood flow to the muscles, which might reduce the feeling of muscle soreness in the following days, although the evidence for this is inconclusive.

    Players often use cold water immersion (ice baths) to reduce inflammation, swelling and muscle soreness. This involves standing or sitting in cold water (which is between 10–15°C) for around 10–15 minutes. Players may also take ice baths in the days between matches. Although there’s debate over whether ice baths speed up recovery, it remains a widely accepted practice in elite sport where rapid recovery is prioritised.

    Another option involves alternating between hot water (around 36°C) and cold water – a practice known as contrast water therapy. Contrast water therapy causes the blood vessels to constrict in the cold water, then dilate in the hot water. This practice may enhance blood flow, reduce swelling and decrease muscle soreness.

    Players often wear compression garments for several hours post-match and overnight. These garments enhance blood flow and reduce swelling. They’re also shown to reduce pain and muscle soreness.

    Recently, inflatable compression leg sleeves have become popular among athletes. These boots inflate and deflate cyclically to promote blood flow and lymphatic drainage. This works similar to a sports massage or contrast water therapy, helping clear inflammatory proteins from the body. This may reduce swelling and decrease the severity of muscle soreness.

    Sleep also plays a crucial role in a player’s physical and mental restoration between tournament matches. Players are encouraged to get eight to ten hours of quality sleep per night. Some players even take a 20-90 minute nap in the early afternoon to increase alertness, improve mood and potentially improve performance.

    Recovery will be tailored to each player.
    Jose Breton- Pics Action/ Shutterstock

    Good sleep hygiene can help players get a good night’s sleep even despite hectic tournament schedules. This involves ensuring their bedroom is cool and dark and minimising screen time before bed.

    Preparing for the next match

    The day after a match, players will perform a recovery session incorporating some sort of light activity – such as cycling, dynamic movements in the swimming pool and foam rolling (a type of self-massage that uses a foam cylinder to apply pressure to different muscles).

    Although light activity does not accelerate muscle recovery, it can offer psychological benefits – such as reducing the feeling of muscle soreness and stiffness. Players may also undergo targeted physiotherapy and massage to reduce muscle soreness, increase mobility and ease pain.

    Recovery time varies between players and the level of fatigue they experience. Fatigue will be influenced by the player’s age and their match demands – with players who run a greater distance or perform more sprints and changes of direction typically taking more time to recover between matches.

    Players’ fatigue is monitored between matches using various methods – including GPS data, biochemical markers of inflammation and muscle damage, and wellness questionnaires. This data is used to individualise training and recovery.

    Players showing elevated fatigue might perform light technical drills, tactical walkthroughs of different plays and strategies the player might use on the field and mobility-focused gym work to maintain sharpness without causing more fatigue. Whereas players whose fatigue levels have returned to close to normal will resume normal training.

    Performing on the world stage with the weight of national pride brings intense pressure. Players must contend with media scrutiny coupled with the expectations of coaches and fans. These factors can disrupt sleep and trigger a biological stress response, which may impair recovery.

    So to help manage mental stress, teams schedule structured downtime, encouraging players to connect with family or engage in hobbies that promote mental recovery and psychological detachment from football. Sports psychologists may also support players during tournaments, providing mental skills training and helping players develop strategies to cope with stress and pressure.

    Paul Hough 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. Women’s Euro 2025: what players do to recover between matches — and how they prepare for their next game – https://theconversation.com/womens-euro-2025-what-players-do-to-recover-between-matches-and-how-they-prepare-for-their-next-game-260248

    MIL OSI Analysis –

  • MIL-OSI Analysis: Plans to relocate Gazans to a ‘humanitarian city’ look like a crime against humanity – international law expert

    Source: The Conversation – UK – By James Sweeney, Professor, Lancaster Law School, Lancaster University

    The Israel Defense Forces (IDF) are refusing to implement a government plan to move hundreds of thousands of Palestinians into a what it calls a “humanitarian city” in Rafah on Gaza’s southern border with Egypt. Lieutenant General Eyal Zamir, chief of the IDF general staff said the plan was not part of the military’s operational plan for destroying Hamas and freeing the remaining hostages.

    Army reservists have reportedly also complained that the plan amounts to a war crime. In my view as an expert in international law, they are correct. Forcibly relocating a population is prohibited, even in war. It is also a crime against humanity and could even amount, under certain circumstances, to genocide.

    There is some important historical context to consider before examining the legal issues at play.

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    The prosecution of crimes against humanity first took place at the Nuremberg trials of surviving senior Nazis after the second world war. By that time the idea of war crimes was clearly established – but they tended to concern what you should not do to the enemy civilian population.

    The problem was that the worst atrocities of the Nazis were committed against their own people – the German Jews (and many, many others too). The idea of crimes against humanity was created to fill this gap, and was used to prosecute the surviving masterminds of the Holocaust.

    Conditions for a ‘crime against humanity’

    Crimes against humanity are a category that contains several separate crimes. If the right conditions are there, you might talk about “the crime against humanity of murder” or the “crime against humanity of rape”. The conditions are that the underpinning crime takes place against a backdrop of a “widespread or systematic” attack on a civilian population.

    The attack does not have to include a literal armed attack: apartheid, for example, was established as a crime against humanity in 1973 in response to the policies of the South African government. It is also not necessary that there is an armed conflict for a particular crime to be a crime against humanity.

    Within the category of crimes against humanity is included “deportation and forcible transfer” (see article 7 of the Rome statute of the International Criminal Court).

    This is what the Israeli government’s plan for moving Palestinians into a “humanitarian city” would appear to amount to. If the plan stopped at leaving Gazan Palestinians in Rafah then it would be “forcible transfer”, and if they were relocated to another country it would be “deportation”.

    Coercion is key to the crime of forcible transfer. It’s fanciful to think that every single Gazan civilian would want to move to Rafah in circumstances where they would be security-checked on entry and thereafter forbidden from leaving.

    How could a liveable city, with all the infrastructure needed, even be created? What of the dentists, doctors, teachers, lawyers, mechanics, entrepreneurs and anyone else who was able to make an honest living? Will they really be given a place to carry out their work?

    Ethnic cleansing

    The term “ethnic cleansing” is sometimes used to describe what is being proposed by the Israeli government. I dislike the term, and it has no meaning in law. It became a commonly used term during the 1990s conflict in the former Yugoslavia when ethnic Serbs, and in some instances ethnic Croats, expelled hundreds of thousands of people of any other ethnicity out of the territory that they held.

    For this practice, the president of the former Yugoslavia, Slobodan Milošević, and a string of Bosnian Serb and Bosnian Croat leaders were charged with crimes against humanity by the International Criminal Tribunal for the former Yugoslavia (ICTY).

    Milošević died before the ICTY could deliver a verdict in his case, but many others were found guilty. The actions of the Bosnian Serb forces in the town of Srebrenica were even found by the ICTY to have been an act of genocide, because they were not just expelling non-Serbs but wiping them out: at one point in July 1995 they killed around 8,000 men and boys in just a few days.

    A lot would depend on the conditions in which the Palestinians would live in the “humanitarian city”. If they were deprived of sufficient food and medical supplies in a way that could only be seen as intended to lead to their deaths, then that too could be held to qualify as an act of genocide.

    Justice and accountability

    It is clear to me that the forced relocation of Gazans to a “humanitarian city” would violate international law. What is not so clear cut is how to hold its instigators to account.

    There are already arrest warrants issued by the International Criminal Court (ICC) for Israel’s prime minister, Benjamin Netanyahu, and his former defence minister, Yoav Gallant. But there is no international police force and so the ICC relies on participating states to arrest suspects on its behalf. Hungary welcomed Netanyahu in April this year, while announcing it would withdraw from the ICC.

    In the same way, Netanyahu flew to Washington DC this week to meet with Donald Trump, but was not arrested because the US doesn’t recognise the ICC. During his visit, Netanyahu announced he would be nominating Trump for the Nobel peace prize.

    South Africa has also sought to hold the state of Israel to account at the International Court of Justice, alleging the crime of genocide. The court has yet to rule, saying only that it is plausible that acts of genocide might occur in Gaza.

    Since Hamas launched its vicious attack on Isreal on the October 7 2023, there has been constant violence and massive loss of life in the region. However, the proposed “humanitarian city” is not, in my view, a lawful route to peace and stability. As for anyone actually facing justice for the many atrocities that we have seen, an international consensus in favour simply doesn’t exist. And, in the current climate, there’s little sign that it will exist any time soon.

    James Sweeney 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. Plans to relocate Gazans to a ‘humanitarian city’ look like a crime against humanity – international law expert – https://theconversation.com/plans-to-relocate-gazans-to-a-humanitarian-city-look-like-a-crime-against-humanity-international-law-expert-260727

    MIL OSI Analysis –

  • MIL-OSI: Quantum Computing Emerging as a Transformative Technology with Potential Applications in Drone Technology

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., July 10, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Quantum computing uses the principles of quantum mechanics to process and manipulate information in ways that differ fundamentally from those used by classical computers while disrupting a growing number of applications and industries. This represents a revolutionary shift in computing. Quantum computers leverage phenomena such as superposition, entanglement, and quantum interference to perform complex calculations and solve problems that are currently intractable for classical computers. The quantum computing market is witnessing rapid growth and innovation, driven by advancements in quantum technology and increasing demand for powerful computing solutions. As businesses and research institutions seek to tackle complex computational problems beyond the capabilities of classical computers, the market for quantum computing is poised for significant expansion. Market trends indicate a surge in investment from both public and private sectors, with major technology companies, governments, and startups dedicating resources to quantum research and development. This influx of investment has fueled breakthroughs in quantum hardware, software, and algorithms, propelling the market forward. A report from Polaris Market Research said that the Quantum Computing Market size was valued at USD $1.187.92 Billion in 2023 and that the market is anticipated to grow from USD $1.410.65 Billion in 2024 to USD $5.714.80 Billion by 2032, exhibiting the CAGR of 19.1% during the forecast period. Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), IonQ (NYSE: IONQ), Red Cat Holdings, Inc. (NASDAQ: RCAT), Quantum Computing Inc. (NASDAQ: QUBT), AgEagle Aerial Systems Inc. (NYSE: UAVS).

    The report continued: “There is a growing market trend toward computational power to address real-world challenges in fields such as cryptography, drug discovery, materials science, and optimization. Quantum computing has the potential to solve intricate problems at an exponential rate compared to classical computing, opening up new avenues for scientific exploration and innovative solutions. The growing concerns about data security and encryption vulnerabilities have triggered a surge in interest for quantum-resistant cryptographic solutions, which has further fueled the demand for quantum computing capabilities. In a period of increasingly complex computational challenges across various industries, traditional computing methods often need help to meet the demands for processing power and speed required to address these issues effectively. Quantum computing offers a revolutionary approach to computing by leveraging the principles of quantum mechanics to perform computations at an unprecedented scale and speed. As demand for quantum computing grows across various industries, including drone operations, surveillance, pharmaceuticals, and cybersecurity, the system segment becomes increasingly vital in delivering comprehensive solutions tailored to meet diverse customer needs.”

    ZenaTech (NASDAQ:ZENA) Creates First Quantum Computing Prototype Enabling Disruptive AI Drone Speed and Precision for Future Commercial and US Defense Applications – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the successful development of its first quantum computing prototype consisting of a framework for the rapid analysis and processing of large datasets for its AI drone solutions. Using weather forecasting algorithms as part of its Clear Sky project as a test case, the company has created a precedent framework for real time analysis of massive amounts of data that can be captured through AI drone sensors while in the air.

    The Company envisions commercial applications ranging from highly efficient precision agriculture to predictive energy infrastructure inspections. Defense applications include enhancing real-time battlefield decision-making with faster and more precise threat detection, reconnaissance, and advance electronic warfare capabilities.

    “We’re not just building smarter drones, we’re building a quantum-intelligent edge where data becomes decisions in an instant, whether it’s a battlefield or a farm field,” said Shaun Passley, Ph.D., ZenaTech CEO. “We believe this quantum framework we are creating is just the beginning as we’ve now demonstrated it can use it for large datasets. We plan to keep expanding R&D capabilities, with the goal of growing our team of 6 to 25 over the coming months. The end goal is clear: accelerate time to market, reduce operational costs, and lead the industry as a true innovator,” added Dr. Passley.

    ZenaTech’s Clear Sky project is one of the company’s quantum computing R&D initiatives focused on weather forecasting that will use AI drones and drone fleets plus quantum to better predict localized weather for more accurate prediction of extreme weather events saving lives and reducing costs and destruction. The weather application and algorithms used for the prototype track and analyze multiple key atmospheric parameters such as temperature, humidity, wind, barometric pressure, and precipitation. Internal testing using historical open-source data has shown a high degree of accuracy with trusted weather platforms and actual data, validating both its accuracy and reliability.

    Quantum computing combined with AI-powered drone applications enables disruptive speed, precision, and autonomy by dramatically accelerating data analysis, optimizing complex decisions, and enhancing real-time responsiveness. In commercial sectors, this means drones can autonomously inspect vast energy grids or farmland, instantly analyze multispectral data, and adjust actions on the fly—leading to lower costs and higher productivity in agriculture, logistics, and infrastructure. In defense, the same capabilities empower autonomous surveillance drones to process sensor data and identify threats in real time, coordinate swarm or drone fleet movements, and dynamically adapt to changing battlefield conditions—all with minimal human input. This fusion of technologies allows drones to make faster, smarter decisions in unpredictable, data-intensive environments—reshaping what’s possible across industries.

    For weather forecasting, quantum computing can rapidly process and simulate complex atmospheric models by analyzing massive datasets from AI-enabled drones equipped with weather sensors, LiDAR, and imaging systems. This allows for highly accurate, real-time weather forecasting and microclimate prediction, improving response times for disaster management, aviation safety, and environmental monitoring.

    Quantum computing is a next-generation computing technology that uses the principles of quantum physics to process information exponentially faster than traditional computers, enabling it to solve highly complex problems that are otherwise unsolvable by even the most powerful classical computers of today. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    IonQ (NYSE: IONQ), a leading commercial quantum computing and networking company, recently extended its congratulations to the Korea Institute of Science and Technology Information (KISTI) on securing a multi-million dollar government award through the “Quantum Computing Service and Utilization System Construction Project.” This initiative marks a pivotal step toward establishing South Korea’s first National Quantum Computing Center of Excellence.

    KISTI will lead the development and operation of a quantum computing service and research platform designed to support both academic and enterprise applications. KISTI has identified IonQ as the primary quantum technology provider for the project, alongside Megazone Cloud, one of South Korea’s leading cloud service and infrastructure providers.

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently issued a statement of support for a series of executive orders from the White House that advance U.S. leadership in uncrewed aircraft systems (UAS) and reinforce the resilience of America’s domestic industrial base.

    The executive actions are expected to remove regulatory barriers and modernize federal approval processes to prioritize U.S.-manufactured drones. Additional provisions include expanded detection and mitigation authority, and streamlined regulations to accelerate the deployment of UAS across federal and commercial sectors.

    Quantum Computing Inc. (NASDAQ: QUBT) recently announced the successful shipment of its first commercial entangled photon source to support research in quantum networking and secure communications. The order, placed by a leading research institution in South Korea, marks a milestone in QCi’s transition of proprietary quantum technologies from the lab to commercial markets.

    The product is a broadband, standalone entangled photon source built on Spontaneous Parametric Down-Conversion (SPDC) using a periodically-poled, bulk format lithium niobate (PPLN) structure. Designed for stability and compatibility, the source operates in the C-band telecommunication range and is compatible with current fiber optics infrastructure. It integrates seamlessly into research environments advancing quantum communication protocols.

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the upcoming demonstration of AI-enabled autonomous Unmanned Aircraft System (UAS) teaming, developed through a strategic partnership with an Israeli defense/technology firm. The system is designed for use in border security, surveillance, and intrusion detection missions and will showcase advanced autonomous capabilities with minimal human intervention while delivering real-time operational intelligence.

    The joint effort integrates AgEagle’s eBee VISION drones with partner-developed AI-powered mission planning and autonomous control tools, enabling the drones to operate as a cohesive, intelligent unit. The system leverages adaptive algorithms and decentralized decision-making within a “system of systems” architecture that dynamically adjusts to mission conditions in real time. This integration is expected to significantly enhance Intelligence, Surveillance, and Reconnaissance (ISR) effectiveness by delivering actionable data with increased speed and precision.

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    The MIL Network –

  • MIL-OSI: Odin Stem Cells Becomes First Nationwide In Home Stem Cell Company Infused with Love Through Groundbreaking Partnership with The World’s Greatest Experiment

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 10, 2025 (GLOBE NEWSWIRE) — In a bold move set to redefine the future of wellness, Odin Stem Cells has announced a transformative partnership with The World’s Greatest Experiment—a global initiative known for uplifting communities in poverty by teaching them to meditate and send love to people, products, and organizations around the world. With this alliance, Odin becomes the first stem cell company in the world whose treatments and clients receive daily love meditations from a global network of meditators, many of whom are rising out of extreme poverty through their participation.

    Odin Stem Cells, co-founded by Nico Seedsman, is a leading regenerative teli-health company specializing in cutting-edge stem cell therapies that support healing, recovery, and overall vitality. Known for their science-backed, non-invasive treatments aimed at reducing inflammation, accelerating repair, and improving quality of life, Odin serves clients ranging from athletes and chronic pain sufferers to those seeking anti-aging and cellular rejuvenation solutions. Now, thanks to this partnership, each treatment comes with something no other clinic in the world offers: love.

    Love as a New Dimension of Healing

    At the heart of this partnership lies a revolutionary idea: that love is medicine. Every Odin client and treatment now receives daily love meditations from trained meditators in The World’s Greatest Experiment. These are not ordinary sessions—they are soulful, focused intentions of well-being, sent by individuals whose lives are being transformed through this very act of giving.

    “Science and spirit have long lived in separate worlds, but we believe they belong together,” said Nico Seedsman. “With The World’s Greatest Experiment, we are pioneering a new frontier of wellness where advanced medicine is complemented by love, intention, and global consciousness.”

    Transforming Lives on Both Ends

    This collaboration isn’t just transforming how healing is delivered—it’s changing lives around the world. Participants in The World’s Greatest Experiment are individuals who were once trapped in cycles of poverty, now empowered through access to food, education, clean water, and shelter. In return, they meditate daily to send love to Odin clients and the greater collective.

    “These are people who once had no hope,” said Aidan, founder of The World’s Greatest Experiment. “Now they are practicing daily meditation, receiving an income, and realizing their purpose in the world—not just surviving, but spiritually thriving. And the love they send is changing lives in clinics and homes around the world.”

    This regenerative cycle of giving and receiving is more than charity. It is a new economic and energetic model, where consciousness becomes a currency—and where healing becomes multidimensional.

    A Call to Conscious Companies

    Odin’s partnership is not just a milestone—it’s a movement. The collaboration signals to other businesses that it’s possible—and powerful—to integrate love and human upliftment into their core offerings.

    “We hope Odin will be the first of many,” said Aidan. “Any product or service can be infused with love. Imagine a world where your coffee, your clothing, your skincare—everything you consume—is connected to a web of people sending it love and lifting themselves out of poverty in the process.”

    The Invitation

    Odin Stem Cells is already seeing a groundswell of interest—not just from clients curious about the added dimension of healing, but from wellness practitioners, researchers, and conscious entrepreneurs eager to participate in this energetic revolution.

    As this partnership unfolds, it serves as a beacon: a new paradigm of commerce, healing, and shared humanity.

    To learn more, visit www.odinstemcells.com and www.theworldsgreatestexperiment.com. Businesses interested in partnering to infuse love into their offerings are encouraged to reach out.

    Media Contacts
    The Worlds Greatest Experiment Inc
    Aidan Uttinger
    connect@twge.org

    Odin Stem Cells
    Lance Paul
    Lance@odinstemcells.com

    The MIL Network –

  • MIL-OSI Africa: Ethiopia: His Excellency Ato Ahmed Shide, Minister of Finance meets the World Bank Executive Director

    Source: APO

    H.E. Ahmed Shide meets with the World Bank Executive Director for Africa Group 1 Constituency, Dr. Zarau Kibwe arrives for a three-day official visit in Ethiopia. Dr. Kibwe represents Ethiopia and a group of 21 other African countries in the World Bank Board. 

    His Excellency briefed the Executive Director on the successful implementation of the macroeconomic reform, strong portfolio performance, and discussed ways to deepen cooperation between Ethiopia and the World Bank. 

    During the meeting, H.E. Minister Ahmed Shide commended the World Bank’s critical role in supporting Ethiopia’s development priorities, with a portfolio exceeding $16 billion across key sectors, including the recent USD 1 billion support for Development Policy Operations II. The Minister mentioned the importance of continued support from IDA21 allocations to sustain the macroeconomic reform and to finance key priority areas, including infrastructure, agricultural productivity, and climate resilience initiatives to further advance the country’s development agenda. 

    The Executive Director congratulated the Government of Ethiopia on concluding the MoU under the G20 Common Framework, praised the macroeconomic reform implementation, and reaffirmed his commitment to supporting the country’s development priorities. 

    During his visit, Dr. Kibwe will also meet with different government officials and stakeholders to discuss collaborative efforts between Ethiopia and the World Bank.

    Distributed by APO Group on behalf of Ministry of Finance, Ethiopia.

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Africa: Benin: Launch of the third edition of the information and awareness campaign for women small-scale cross-border traders along the Abidjan – Lagos corridor

    Source: APO

    On Tuesday 8th of July 2025, the ECOWAS Commission, through its Department of Human Development and Social Affairs, in collaboration with the Department of Economic Affairs and Agriculture, officially launched the Cotonou stage of the third edition of the information and awareness-raising campaign for women small-scale cross-border traders along the Abidjan-Lagos corridor.

    The aim of this initiative is to build on the achievements of previous events held on the Tema-Paga and Dakar-Banjul-Bissau corridors. The aim is to increase women traders’ knowledge of the legislation governing cross-border trade, existing Community initiatives and the tools developed for them, particularly in terms of border transparency and the fight against gender-based violence.

    In Cotonou, the activities began with field visits, notably to the modern market and to an SME run by a woman entrepreneur specialising in the manufacture of cosmetic products distributed nationally and sub-regionally. A visit to the Sèmè-Kraké juxtaposed control post is also planned, with a view to reinforcing exchanges between the various players involved.

    The official launch ceremony was held at the Golden Tulip hotel. It was co-chaired by Benin’s Ministries of Social Affairs and Microfinance, and of Industry and Trade. It was also attended by Her Excellency Professor Fatou Sow Sarr, ECOWAS Commissioner for Human Development and Social Affairs, and His Excellency Amadou DIONGUE, ECOWAS Resident Representative in Benin.

    Other participants included the Deputy Secretary General of the Ministry of Social Affairs and Microfinance, the Director of the ECOWAS National Office in Benin, representatives of the Cotonou Chamber of Commerce, associations of small-scale cross-border traders, and technical and financial partners.

    This third edition marks a major step forward in the ECOWAS’ commitment to the economic empowerment of women and to improving the fluidity of cross-border trade in the West African region.

    Distributed by APO Group on behalf of Economic Community of West African States (ECOWAS).

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Africa: Building Trust through Effective Service Delivery in Africa

    Source: APO


    .

    The World Bank’s annual Country Policy and Institutional Assessment (CPIA) report for Sub-Saharan Africa, released today, reveals that despite a stable average CPIA score for the region, there is an urgent need for governments in Africa to improve the delivery of essential services to promote inclusive, sustainable growth.

    The CPIA Africa report evaluates the quality of policy and institutional reforms in IDA-eligible countries in Sub-Saharan Africa for the calendar year 2024. According to the report, the average CPIA score for the region remained similar to 2023 at 3.1 points (out of 6). While some areas saw strong reforms, poor performance in governance offset these gains, and improvements were concentrated in already well-performing countries.

    The CPIA report underscores that meeting the needs of African citizens will require mobilizing the government to provide services amidst limited external financing. The report serves as a vital guide for policymakers and international investors, identifying specific reform actions to support effective public service delivery and foster a more resilient and prosperous future for Sub-Saharan Africa.

    Against this backdrop, the report notes a trend in public discontent in 2024 – a year that was marked by youth protests and a notable decline in political support for incumbents across the continent. This is mirrored in survey results in the region that have shown growing dissatisfaction with the quality of public services, which continue to lag other regions, particularly in infrastructure, human capital, security, and administrative capabilities.

    “Confidence in a government’s ability to efficiently transform public resources into essential services is fundamental to fostering a shared purpose with citizens and improving trust,” said Andrew Dabalen, World Bank Chief Economist for Africa. “Populations across Africa are clearly asking for more from their leaders to enable them to realize their aspirations. Our CPIA Africa report underscores the urgent need for transparent management of public resources and effective delivery of quality services to address growing dissatisfaction and enable citizens to reach their full potential.”

    The report details significant shortfalls across various public service sectors. Infrastructure-related services, including transport, remain underdeveloped, hindering economic activity and quality of life. High poverty levels are exacerbated by a lack of access to public infrastructure, particularly in sanitation. Human capital development is hampered by poor educational quality and inadequate health services, limiting citizens’ well-being and earning prospects as they enter the workforce. Furthermore, the ability of governments to provide basic security has been undermined, with conflict-related casualties nearly tripling between 2014 and 2024. Administrative services, crucial for a thriving business environment, also lag, with Sub-Saharan Africa performing poorly in areas like business location and financial services.

    Despite these challenges, the report notes some positive developments. Many countries have shown improved fiscal discipline, tackling high wage bills and fuel subsidies, and making progress in debt consolidation. Efforts to implement trade facilitation agreements, leverage digital technologies, and strengthen financial sector regulation are also underway. The report also highlights progress in empowering adolescent girls through legal and policy reforms and strengthening of social protection systems.

    “While some countries have made commendable strides in fiscal prudence and digital transformation, issues of weak governance, limited transparency, and insufficient implementation capacity continue to undermine efforts to deliver essential services. Addressing these fundamental challenges is not just about economic growth; it’s about showing people that governments can work for them to help create a better path for the future,” added Nicholas Woolley, the CPIA report’s lead author.

    Distributed by APO Group on behalf of The World Bank Group.

    MIL OSI Africa –

  • MIL-OSI Africa: Egypt: President El-Sisi Meets Premier of the State Council of China

    Source: APO


    .

    Today, President Abdel Fattah El-Sisi received the Premier of the State Council of China, Li Qiang, in the presence of Prime Minister Dr. Mostafa Madbouly, along with several ministers and senior officials from both sides.

    The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said that the Premier of the State Council of China conveyed the greetings of the Chinese president to President El-Sisi. He also emphasized that President El-Sisi is a dear friend of China and is always warmly welcomed in Beijing. He expressed China’s pride in having close relations with Egypt, which are built on a long history of strategic partnership, mutual respect, and common interests. The Premier noted the rapid development in bilateral relations and the close coordination between the two countries on both regional and international levels, appreciating Egypt’s pivotal role as a cornerstone of stability in the Middle East.

    President El-Sisi affirmed Egypt’s commitment to enhancing cooperation with China in various areas of mutual interest and working to activate the comprehensive strategic partnership between the two countries, especially with the upcoming celebration, to be held in 2026, of the 70th anniversary of the establishment of diplomatic relations between Egypt and China.

    President El-Sisi lauded the contributions of Chinese companies to implementing development projects in Egypt and expressed the country’s interest in attracting more Chinese investments, particularly in the sectors of new and renewable energy and electric vehicle manufacturing. This is in addition to enhancing the flow of Chinese tourism and strengthening cooperation in the manufacturing and development fields in general.

    President El-Sisi also expressed Egypt’s interest in continuing coordination with China on the issue of debt swaps and the effective and efficient implementation of related agreements.

    Views were exchanged on regional and international developments. Both sides stressed the importance of underpinning the ceasefire agreement between Israel and Iran, and resuming the diplomatic path to resolve the crisis through peaceful means. Both parties also underscored the necessity of reaching a ceasefire in the Gaza Strip, ensuring the immediate delivery of humanitarian aid, and the importance of reaching a just and comprehensive solution to the Palestinian issue.

    Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.

    MIL OSI Africa –

  • MIL-OSI Banking: Caroline Abel: Monetary and financial sector issues in Seychelles and how ATI training can help build human capital in these areas

    Source: Bank for International Settlements

    Madam Chair, Hon. Minister of Economy and Finance of Madagascar, Rindra Hasimbelo Rabarinirinarison,

    Director of AFS/ATI Mr Sukhwinder Singh,

    All Colleagues attending the meeting,

    Good afternoon.

    Thank you for the opportunity to briefly share our experience in terms of monetary and financial sector developments, and capacity building received in these areas.

    Major reforms in these two areas began late 2008, when Seychelles embarked on an IMF-supported macroeconomic reform programme. Aside from addressing the prevailing macroeconomic imbalances then, there was also a need to strengthen the regulatory framework and modernise the financial system. In addition, the Bank had to put in place the required market-based instruments to support the introduction of its new monetary policy framework. So, to better understand the extent of the task that laid ahead, we received technical assistance from the IMF in 2007, to assess the Bank’s capacity building needs in the field of foreign exchange, bank supervision and monetary policy, aside from others.

    With regard to monetary policy, reforms were crucial in view of the change in the foreign exchange regime. Whilst we started off with a reserve money targeting framework, over the years, the Central Bank of Seychelles has gradually moved towards providing more guidance to the domestic market. In 2019, the Bank adopted an interest-rate based framework, whereby the focus is on guiding short-term interest rate through the announcement of a Monetary Policy Rate by the Bank. We received extensive technical assistance throughout – from the design of the policy tools to the finer details of communication – and this was complemented by short-term courses that staff attended.

    In terms of capacity building, the IMF, ATI and AFRITAC South have been very supportive. Our staff have benefitted from various training opportunities, both in-person and through online learning platforms. These have been in key areas, such as various aspects of monetary policy analysis and implementation, the Forecasting and Policy Analysis System (FPAS), nowcasting, liquidity forecasting and management, to name a few. To note that, at the Bank, the knowledge acquired is applied in daily operations and underpins many outputs, including the collection of statistics on the monetary, real, and external sectors, which align with IMF manuals and guidelines. With regard to the financial sector, support was received to align the Bank’s supervisory framework with best international practices. These focused on areas such as financial sector policies, bank supervision, AML/CFT, financial stability, and lately, climate change issues, amongst others. The Bank has been pursuing steps to strengthen its supervisory framework, so that it is more risk-sensitive and forward-looking, through its Risk-Based Supervision (RBS) framework. The Bank is also actively pursuing the climate change agenda, given the implications such a phenomenon could have on our economy. This is an area where we have reached out to various partners in an effort to build internal capacity, as we are conscious of the limited expertise that exists out there as well.

    As we operate in an increasingly interconnected world, we also need to move in tune with innovations in the industry. The digitalisation of the financial sector brings countless opportunities and rewards, yet as we are all aware, very high risks. Another area that the Central Bank has been increasingly focusing on is cybersecurity, as this could have far-reaching repercussions. Just last week, the AFS completed a 5-day workshop for the Central Bank staff on strengthening cybersecurity practices, with particular emphasis on their application to both onsite and offsite banking supervision, as well as oversight of financial market infrastructures. The sessions provided valuable insights into identifying and assessing cyber risks, integrating cybersecurity into supervisory frameworks, and enhancing institutional resilience. Practical case studies and supervisory tools were also shared to support the effective implementation of cyber risk oversight across regulated entities and systemically important infrastructures.

    Being a small economy, Seychelles faces certain challenges in terms of human resources. In general, the financial sector finds it difficult to meet its human resource needs, as often times, qualified labour in specialised fields is scarce, and everyone is chasing the same few candidates available. In this context, the training provided by institutions like ATI and AFRITAC South goes a long way in helping to bridge the gap for our existing staff.

    As both global and domestic economies evolve, building capacity remains essential. Current discussions revolve around critical topics such as financing climate change adaptation and mitigation, tackling climate-related risks, FinTech innovations, the increasing role of artificial intelligence and machine learning, and cybersecurity. The IMF and its partners offer a wealth of resources – including training, seminars, conferences and technical assistance – to help member countries enhance their staff’s technical capabilities, ensuring they are equipped to navigate these challenges and seize emerging opportunities.

    To conclude, I would like to underscore the role and importance of organisations like ATI and AFRITAC South in supporting the development of national institutions, enabling the implementation of best practices across various jurisdictions. Moreover, shared experiences among participants and drawing on the knowledge of the lecturers help in building capacity at different levels. As such, I urge members to continue supporting the capacity development programmes of ATI and AFRITAC South, as collectively, we are all benefitting greatly from them.

    Thank you. 

    MIL OSI Global Banks –

  • MIL-OSI Banking: Eddie Yue: Launch of the Anti-Scam Consumer Protection Charter 3.0

    Source: Bank for International Settlements

    Good afternoon everyone. It is my great pleasure to welcome you all to the launch of the Anti-Scam Consumer Protection Charter 3.0.  

    Digitalisation has proven to be positive and constructive in many ways, such as the convenience brought by digital payments and online shopping. Unfortunately, increased digital activities have also made fraud and scams easier to set up and reach members of the public on an unprecedented scale. According to the Police, more than 44,000 cases of deception were recorded in 2024, representing a fourfold increase over the past five years.

    While the Hong Kong Monetary Authority and the banking sector have been at the forefront in fighting digital fraud and scams, this fight cannot be won by any single party or sector alone. It requires cross-sectoral collaboration, bringing together the public and private sectors, as well as the community at large. That is why we launched the first two Anti-Scam Consumer Protection Charters in 2023 and 2024. More than 300 financial institutions and merchants participated in these two earlier Charters, committing not to send out messages with embedded links requesting key personal information, thereby raising public awareness against phishing scams.

    However, digital fraud and scams have evolved far beyond phishing links. The threats of fraud and scams via online instant messaging or social media platforms, phone calls, and SMSs are becoming increasingly sophisticated.  Many of us, including myself, are receiving numerous suspicious messages and phone calls on a frequent basis. Some of these messages or calls may be advertising fake investment or job opportunities, while some pretend to be law enforcement agencies, family members, or friends. Scammers are even using technology such as deepfake to fabricate voices and images of government officials and reputable businessmen to try to make these fake online contents look more convincing.  

    To combat these evolving threats, it is crucial to collaborate with technology and telecommunications companies to tackle the problem at the platform level. Internationally, there is a growing recognition of the need to take down fraudulent contents and check the authenticity of advertisers more efficiently on these platforms. Here in Hong Kong, the Hong Kong Monetary Authority, together with our fellow regulators and great partners in our previous Charter 2.0, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority, have also been proactively reaching out to the technology and telecommunications companies to explore anti-fraud collaborations.

    Today, we are taking a significant step forward by jointly launching the Anti-Scam Consumer Protection Charter 3.0 together with the major technology and telecommunications companies that operate in Hong Kong to combat fraud and scams. We are glad to see many representatives from these companies here today, demonstrating their commitment to this initiative. We are also thankful to the support of the Consumer Council, the Hong Kong Association of Banks, the Hong Kong Police Force and the Office of the Communications Authority to this important initiative. 

    The Anti-Scam Consumer Protection Charter 3.0 consists of six principles specifically designed to proactively prevent and detect fraud and scams on online platforms and telecommunication networks. These principles focus on four main areas:

    • The first area is on reporting.  Under the Charter 3.0, participating firms will provide users with reporting functions and provide financial regulators with a direct and efficient channel for reporting suspected fraud and scams for follow-up in a reasonable manner.
    • The second area is on checking the identity of advertisers and ongoing monitoring of advertisements and contents. Firms participating in the Charter 3.0 will adopt a risk-based approach to facilitate verification of advertisers and put in place internal policies and tools to monitor advertisements and contents that promote financial products or services on their platforms, with a view to creating a safe online environment for users.
    • The third area is on taking down fraudulent advertisements and contents. Participating firms commit to enforcing their own terms of service by detecting and removing financial scam advertisements or contents that violate their platform policies.
    • Finally, educating the public to be aware and capable of recognising suspicious activities is always essential in stopping fraud and scams. We will work closely with participating firms to launch various anti-deception promotional campaigns through a wide range of platforms and channels to raise public awareness. 
    • At the panel discussions later this afternoon, representatives from the technology and telecommunications sectors will elaborate on how they apply the Charter principles in their daily work.

    Charter 3.0 represents an important milestone in the collaboration among the financial, technology, and telecommunications sectors in fighting fraud and scams. It lays the foundation of cooperation from which we will further build upon. We thank the participating firms for your support and commitment to the Charter 3.0 and we will continue to work closely with each other to provide a safe online environment and protect the public from fraud and scams. 

    Thank you very much.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Philip R Lane: The monetary agenda at the European Central Bank

    Source: Bank for International Settlements

    My goal today in these remarks is to outline the current monetary agenda at the ECB. I will start with the monetary policy stance before turning to our updated monetary policy strategy. I will then briefly discuss the euro area bond market before concluding with a monetary perspective on the digital euro project.

    The monetary policy stance

    In a recent speech, I assessed that the challenge of returning inflation to the target after the 2021-2022 inflation surges can be considered to be largely complete. The orientation now for the monetary policy stance is to make sure that the current shocks and prospective new shocks hitting the economy do not lead to medium-term deviations of inflation from our two per cent target.

    In terms of significant data developments in recent months, there has been a marked drop in energy prices and a substantial appreciation of the euro. These forces played an important role in the June 2025 Eurosystem staff macroeconomic projections. In addition, the fiscal outlook has materially changed for the coming years, with the overall fiscal deficit looking set to remain above three per cent over the projection horizon.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Piero Cipollone: Shifting payment landscape – what a digital euro will bring

    Source: Bank for International Settlements

    It is a pleasure to speak to you today.

    The ongoing shift in the way we pay is affecting the fundamental fabric of our economies. Whether we are consumers browsing digital marketplaces, entrepreneurs pursuing digital innovation, or decision-makers facing the digital transition, we are all involved in reshaping payments.

    Payments are more than a means of settling transactions, they are the lifeblood of a modern economy. And in a digital world, our economies will only be as competitive, inclusive, autonomous and resilient as our payments are.

    Slovenia has put the digital transformation at the heart of its economic strategy, aiming to place the country among the top five most digitalised economies in Europe by 2030. An innovative and striving digital payments ecosystem can play a key role in this journey.

    As a central bank, our responsibility is to accompany and enable this transition. We must ensure that the shift to digital payments enhances accessibility and efficiency, without creating fragmentation or new dependencies.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Joachim Nagel: Target achieved, but challenges still remain – monetary policy since the 2021 strategy review

    Source: Bank for International Settlements

    Check against delivery 

    1 Introduction

    Ladies and gentlemen,

    It’s a great pleasure for me to be here in Tübingen and to be giving the 10th Bundesbank IAW Lecture. Many thanks to the Institute for Applied Economic Research and my colleagues from Stuttgart for organising this event.

    Let me start with a quote.

    I acknowledge that our strategy is complex. However, we have to recognise that we live in a rather complex economic world (-). It would therefore be impossible for the Eurosystem to conduct a successful policy by mechanistically following a simple rule (-).

    The person who said this would have celebrated his 90th birthday today. It was Wim Duisenberg, the first President of the European Central Bank (ECB). Unfortunately, the Dutchman passed away back in 2005, not long after the end of his presidency. 

    He played a key role in the successful establishment of the ECB’s reputation as a credible and stability-oriented central bank. This success was due not least to the ECB’s monetary policy strategy. 

    MIL OSI Global Banks –

  • MIL-OSI USA: WHAT THEY ARE SAYING: Stakeholder Support for the Big, Beautiful Bill Act

    Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

    Headline: WHAT THEY ARE SAYING: Stakeholder Support for the Big, Beautiful Bill Act

    WASHINGTON, D.C. – Last week, President Trump signed H.R. 1, the Big, Beautiful Bill Act, into law. This legislation delivers tax relief for working families and small businesses, protects nuclear energy investments, and strengthens the agriculture industry. 

    Here’s what they are saying about the Big, Beautiful Bill Act (H.R. 1): 

    Michelle Hennings, Executive Director, Washington Association of Wheat Growers, said, “We want to recognize Congressman Newhouse’s efforts to make sure our growers have the support they need to continue supplying the nation and the world with top quality wheat. The increase in the wheat reference price will more closely match the actual cost of production, giving much-needed support to growers who are struggling to make a profit when prices are low. We are also appreciative of the Congressman’s work to protect crop insurance, making it more affordable for farmers to adequately cover their crops in the face of drought or other natural disasters.” 

    Bob Schuetz, CEO, Energy Northwest, said, “I am pleased that Congress acknowledges the key role of nuclear power for America’s energy future. While policymaking involves hard choices, Representative Newhouse has consistently championed the U.S. as a leader in advanced nuclear technology. I am excited about actively pursuing the expansion of carbon-free and reliable electricity, marking the next chapter for nuclear energy in America.” 

    Former Congressman Rodney Davis, Head of Government Affairs, U.S. Chamber of Commerce, said, “The One Big Beautiful Bill not only prevented the largest tax increase on the American people in history, it made permanent critical pro-growth provisions that will enable businesses of all sizes, especially small businesses, to grow and thrive. This will strengthen America’s economy and result in greater economic prosperity for all. We thank Congressman Newhouse for his leadership and for supporting this crucial legislation.” 

    David Reeploeg, Vice President for Federal Programs, TRIDEC, said, “Congressman Newhouse worked incredibly hard to prevent nuclear energy tax credits from being removed from H.R. 1. Retaining these tax credits will help our existing nuclear energy facilities while also supporting advanced nuclear development, which is an area where we see huge opportunities for the Tri-Cities. Not only do the power plants create direct jobs, they also provide the baseload energy needed to attract industry and create even more family wage jobs. We sincerely appreciate Congressman Newhouse’s understanding of how important these tax credits, and nuclear energy, are for his district.” 

    Ted Tschirky, 2025 President, National Potato Council, and grower from Pasco, said, “We give great credit to Congressman Newhouse and the Chairmen of the House and Senate Agriculture Committees for taking the opportunity to deliver on key priorities for the specialty crop industry. The tax certainty provided by the bill, coupled with the historic enhancements in essential Farm Bill programs serving specialty crops will significantly improve our competitiveness against foreign competition well into the future.” 

    Clay Sell, CEO, X-energy, said, “For next-generation advanced nuclear companies, tax credits are more than just financial incentives—they’re a catalyst for market entry. For early movers, these credits significantly reduce capital risk, unlock private investment, and enable us to compete on a level footing with other energy technologies. Without them, commercialization slows and investor confidence erodes. With them, we’re positioned to scale faster and deliver reliable, always-on abundant power to the market.” 

    Bill Lampson, Chairman and CEO, Lampson International LLC, said, “Congressman Dan Newhouse’s support of the Big Beautiful Bill was essential for all Americans to avoid the Largest Tax Hike in history, which would have crippled future investments of all types. In our case, we have watched the construction industry struggle with the high cost of overly burdensome regulations, costly and lengthy permitting process and high taxes of all types.  The Big Beautiful Bill will allow the construction industry to flourish and create real jobs for many that would have otherwise gone without opportunity.   We are so thankful to have a Congressman who truly cares about the ability of his constituents to make a decent living and care for their families.

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    MIL OSI USA News –

  • MIL-OSI USA: Newhouse Statement on Secretary of Agriculture Joining CFIUS

    Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

    Headline: Newhouse Statement on Secretary of Agriculture Joining CFIUS

    WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) released the following statement upon the announcement of a Memorandum of Understanding placing the United States Secretary of Agriculture on the Committee on Foreign Investment in the United States (CFIUS).

    “Over the past few years, we have learned about the significant threat the Chinese Communist Party poses to our supply chains and economy here at home. As a member of the House Appropriations Committee and Select Committee on the Chinese Communist Party, I have worked to ensure the CCP does not take roots on American farmland and around sensitive national security sites. Today, I’m encouraged to see the Secretary of Agriculture finally take a seat at the CFIUS table, and I look forward to working with Secretary Brooke Rollins to keep the CCP out of our backyards and away from American farms.” 

    This Memorandum between the Department of the Treasury and the Department of Agriculture implements a provision Rep. Newhouse secured in the Fiscal Year 2024 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations bill to add the Secretary of Agriculture to CFIUS.

    Specifically, it implements Section 787 of the Consolidated Appropriations Act, 2024 (P.L. 118-42).  

    Read the Memorandum here. 

    Background 

    Rep. Newhouse has led the effort in Congress to add the Secretary of Agriculture to CFIUS. 

    In addition to securing the provision in the appropriations legislation, Rep. Newhouse passed a bill out of the House of Representatives in September 2024 to add the Secretary to CFIUS. 

    In addition to securing the provision in the appropriations legislation, Rep. Newhouse passed a bill out of the House of Representatives in September 2024 to add the Secretary to CFIUS. 

    Rep. Newhouse is a founding member of the House Select Committee on the Chinese Communist Party tasked working on a bipartisan basis to build consensus on the threat posed by the CCP and develop a plan of action to defend the American people, our economy, and our values. 

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    MIL OSI USA News –

  • MIL-OSI USA: Newhouse Commends Latest Administrative Action Protecting Lower Snake River Dams

    Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

    Headline: Newhouse Commends Latest Administrative Action Protecting Lower Snake River Dams

    WASHINGTON, D.C. – Today, Rep. Dan Newhouse (WA-04) released the following statement after the Army Corps of Engineers and Bureau of Reclamation announced the withdrawal of the Notice of Intent to prepare a Supplemental Environmental Impact Statement (SEIS) for the Columbia River Systems Operations.

    “This decision is in line with what we have known for years; we can benefit from the Lower Snake River dams while working to improve salmon populations,” said Rep. Newhouse. 

    Newhouse continues, “The 2020 EIS reflects the scientific evidence, community input, and stakeholder engagement that should be at the center of these discussions. Unfortunately, the Biden administration disregarded these key parts of the process. I am glad to see this administration’s Army Corps of Engineers and the Bureau of Reclamation reverse course and rescind the plan for a supplemental EIS targeting our dams.”  

    Background: 

    In September 2020, the “Columbia River System Operations Environmental Impact Statement Record of Decision” for the Columbia River System Operation Environmental Impact Statement (CRSO EIS) published by the co-lead agencies, found that the Lower Snake River Dams should not be breached. Instead, it found that efforts should be focused on improving and maintaining hydropower assets while working to improve salmon passage and conditions.

    Subsequently, in December of 2023, the Biden Administration announced a 10-year stay in the CRSO mediation, alongside the new Resilient Columbia Basin Initiative (RCBI), an agreement that provides taxpayer dollars for wild fish restoration in the Columbia Basin. The RCBI includes U.S. government commitments that are detrimental to the operations of the CRSO and include a number of initiatives designed to weaken the operation of the Lower Snake River Dams and lead to their eventual breach. One of these commitments included a review of existing environmental compliance documents and initiating any supplemental compliance documents, which the previous administration deemed necessary when it issued a notice of intent (NOI) to supplement the 2020 EIS. This all occurred without the input of key regional stakeholders and was justified through unscientific studies.

    On June 12, 2025, President Trump signed a Memorandum revoking the Biden Administration’s “Restoring Healthy and Abundant Salmon, Steelhead, and Other Native Fish Populations in the Columbia River Basin” Memorandum. 

    The Memorandum directs the Secretary of Energy, the Secretary of the Interior, the Secretary of Commerce, and the Assistant Secretary of the Army for Civil Works to withdraw from agreements stemming from Biden’s misguided executive action, including the December 14, 2023, Memorandum of Understanding (MOU) filed in connection with related litigation. 

    Rescinding the NOI for a Supplemental EIS is the latest step in reversing the Biden administration’s executive actions targeting the Lower Snake River dams.  

    ### 

    MIL OSI USA News –

  • MIL-OSI Security: Ponte Vedra Beach Man Pleads Guilty In Fraud Scheme Involving COVID-19 Personal Protective Equipment

    Source: United States Department of Justice (National Center for Disaster Fraud)

    Jacksonville, Florida – United States Attorney Gregory W. Kehoe announces that James Elliott Davis, II (36, Ponte Vedra Beach) has pleaded guilty to bank fraud, wire fraud, money laundering, and theft of mail. Davis faces up to 30 years in federal prison on the bank fraud count, up to 20 years in prison on the wire fraud count, up to 10 years in prison on the money laundering count, up to 5 years in prison on the theft of mail count and payment of restitution to the victims he defrauded. Davis has agreed to forfeit between $6.7 and $8.8 million, which are traceable to proceeds of the crimes he committed. No sentencing date has been set.   

    According to court documents, from March 2018 through 2022, Davis ran a purported medical supply company named Medisale Inc. Using false representations, Davis enticed individuals and business entities to invest large sums of money in Medisale. He falsely represented to victim-investors that Medisale was making significant profits on the sale of COVID-19 Personal Protective Equipment (PPE). He claimed to have contact with CEOs at various hospitals and that Medisale had contracts with hospitals to sell large volumes of N95 masks and other PPE. In convincing victim-investors to give him money, Davis showed fraudulent bank statements with large balances, claiming the money was from the sale of PPE.

    In reality, Medisale had no such contracts and had no true revenue from the sale of PPE. Instead, Davis kited checks and conducted fraudulent ACH/wire transfers between multiple financial institutions in order to artificially inflate the apparent balances on his bank accounts. Utilizing victim-investor funds, Davis paid off previous debts, paid other investors purported profits from the sale of PPE, and paid personal expenses. This included Davis using victim-investor money to purchase a membership at a luxury club in Ponte Vedra Beach and spending more than $27,000 on custom clothing. 

    This case was investigated by the Federal Deposit Insurance Corporation – Office of Inspector General, Florida Department of Law Enforcement, and the Internal Revenue Service Criminal Investigation. It is being prosecuted by Assistant United States Attorney Kevin C. Frein. The asset forfeiture is being handled by Assistant United States Attorney Jennifer M. Harrington.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by visiting the Justice Department’s National Center for Disaster Fraud (NCDF) via the NCDF Web Complaint Form at www. justice. gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI –

  • MIL-OSI Economics: RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on July 11, 2025

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, July 11, 2025, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor (day) Window Timing Date of Reversal
    1 2,50,000 7 10:00 AM to 10:30 AM July 18, 2025
    (Friday)

    2. Further, on a review of evolving liquidity conditions, it has been decided not to conduct the 14-day main operation on Friday, July 11, 2025, for the ensuing fortnight.

    3. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    Ajit Prasad          
    Deputy General Manager
    (Communications)     

    Press Release: 2025-2026/691

    MIL OSI Economics –

  • MIL-OSI Economics: RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on July 11, 2025

    Source: Reserve Bank of India

    On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, July 11, 2025, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor (day) Window Timing Date of Reversal
    1 2,50,000 7 10:00 AM to 10:30 AM July 18, 2025
    (Friday)

    2. Further, on a review of evolving liquidity conditions, it has been decided not to conduct the 14-day main operation on Friday, July 11, 2025, for the ensuing fortnight.

    3. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

    Ajit Prasad          
    Deputy General Manager
    (Communications)     

    Press Release: 2025-2026/691

    MIL OSI Economics –

  • MIL-OSI Economics: Identity fraud: BaFin warns consumers about the website allianz-invest.com

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The unknown operators are using the email address info (at) allianz-invest.com to contact consumers, claiming that their offer is from Allianz SE. However, these claims are not correct. This is a case of identity fraud. Allianz SE is not associated with the website allianz-invest.com or the services offered on the website.

    BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin warns consumers about fraudulent term deposit offers.

    You can view BaFin’s current warnings about companies operating without the required authorisation and find out how to protect yourself from fraudsters on the financial market in the “Recognising financial fraud” section of our website.

    MIL OSI Economics –

  • MIL-OSI USA: Griffith Visits LewisGale Hospital Montgomery in Blacksburg

    Source: United States House of Representatives – Congressman Morgan Griffith (R-VA)

    U.S. Representative Morgan Griffith (R-VA), Chairman of the House Committee on Energy and Commerce Subcommittee on Health, visited LewisGale Hospital Montgomery in Blacksburg, Virginia. The visit featured a roundtable discussion on rural health care issues with hospital leadership and staff.

    “As the new chairman of the Health Subcommittee, it is my responsibility to explore policies that positively impact the health outcomes of Americans, including those in rural communities,” said Representative Morgan Griffith.  “It is critical to assess and determine solutions that help our rural hospitals serve patients. I appreciate the dedication of LewisGale Hospital Montgomery and all of our hospitals and their interest in discussion about hospital operations and challenges.”

    “We were honored to host Congressman Griffith at LewisGale Hospital Montgomery today to discuss the challenges currently facing hospitals, especially those in rural areas,” said LewisGale Hospital Montgomery CFO Rachael Stanton.

    Pictured: Representative Griffith in discussion with LewisGale Hospital Montgomery leadership and staff.

    BACKGROUND

    This July, Representative Griffith was named Chairman of the House Committee on Energy and Commerce Subcommittee on Health. 

    In a recent Rules Committee hearing, Congressman Griffith committed to working with Energy and Commerce Committee Chairman Brett Guthrie to analyze the status of our rural hospitals and explore improvements to health care access for rural communities.

    LewisGale Hospital Montgomery operates under HCA Healthcare.

    Other hospital health systems that serve communities in Virginia’s Ninth District include Centra Health, Carilion Clinic, Lifepoint Health, Ballad Health and Sovah Health.

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    MIL OSI USA News –