Category: Business

MIL-OSI Russia: Breaking: China supports strengthening of New Development Bank – Premier of the State Council of China

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

An important disclaimer is at the bottom of this article.

Source: People’s Republic of China – State Council News

RIO DE JANEIRO, July 7 (Xinhua) — China supports the New Development Bank in strengthening and expanding its scale, Chinese Premier Li Qiang said here Monday.

Li Qiang made the statement at the plenary session of the 17th BRICS summit, calling for progress in reviewing the World Bank’s fairness and adjusting the IMF’s quota share.

He also called for greater representation and voice for developing countries. –0–

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL OSI Russia News –

July 8, 2025
MIL-OSI Asia-Pac: Speech by SJ at business seminar and dinner in Amsterdam, Netherlands (English only) (with photo)

Source: Hong Kong Government special administrative region

Following are the welcome remarks by the Secretary for Justice, Mr Paul Lam, SC, at a business seminar and dinner organised by the Netherlands Hong Kong Business Association with the support of the Hong Kong Economic and Trade Office in Brussels and Invest Hong Kong on July 7 (Amsterdam time):

His Excellency Mr Tan Jian (Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Kingdom of the Netherlands), dear friends from the Association, and distinguished guests in the Netherlands,

Firstly, I’m really delighted and honoured to be given the chance to speak to these distinguished audience this evening. Perhaps I should begin by telling you a little bit more about myself and the purpose of my present trip. I have used to practice in Hong Kong as a civil and commercial barrister. I’ve been practicing in Hong Kong for almost 30 years and then joined the Government about three years ago. So that’s when I became the Secretary for Justice.

I had considered to come to the Netherlands and this part of the world for a very long time. Unfortunately, for many reasons I was unable to do this until this occasion. So this is in fact my first trip to Europe after I took my office. So I’ve chosen the Netherlands.

For personal reasons, I love travelling in the past. I travelled quite a lot. Amsterdam is very top on my list, I always come to Amsterdam to stay a couple of days, go to museums, restaurants, just to walk around, and then I move on as a stopover, and move on to other destinations. But Amsterdam is always a stop that I could not miss, so I have very good personal reasons to come to Amsterdam once again.

For official reasons, the Netherlands is the second-largest trading partner of Hong Kong within Europe. There are more than 170 companies in Hong Kong. And I was invited to join the National Day Reception in late April. So, I have too many reasons to choose the Netherlands as my best destination.

Returning to today’s seminar, I understand that you have heard from many eminent speakers this afternoon who have shared with you many important information about the latest development in Hong Kong in different areas. I know that you are all very keen supporters of Hong Kong and there must be reasons why you were attracted to Hong Kong. Maybe the probable reason is that you see Hong Kong as a very open society. We offer a very fair, transparent, predictable environment for you to explore business opportunities, either in Hong Kong, in China, or the Asia Pacific region. But I think all these characteristics are highly concerned with the political and legal landscape of Hong Kong. This is an important point in the sense that we are living at a rather difficult time. And Hong Kong has faced a lot of challenges in recent years. You are all keen supporters of Hong Kong. But outside this room, I’m clearly aware of the fact that many people do have a lot of questions about the future of Hong Kong. They may not be as confident as you of the future of Hong Kong. There are a lot of misgivings, misunderstandings, so on and so forth. I do believe that it’s my duty, not simply as a government official, but as a Hong Kong citizen, to bite the bullet, to face the music, to try to convince people why Hong Kong is still the Hong Kong that you are familiar with, why Hong Kong is still the Hong Kong that we all love.

There’s one single message that I wish to convey, and that is “Hong Kong is still Hong Kong”. I wish to perhaps look at the latest development or something that I regard to be of great importance insofar as political landscape and legal landscape are concerned. Let me begin by the political landscapes of Hong Kong. I make it all boiled down to one very important thing. The gist of the matter is the principle of “one country, two system”. It’s because of “one country, two systems”, Hong Kong enjoys a number of very unique strengths and characteristics which are unparalleled. For example, we have our own independent legal system based on common law, our own independent financial system, our own currency, free flow of capital, we have trade port, we have no tariffs, no trade barriers, but all these things are because of the fact that we have “one country, two systems”.

So the elephant in the room is this, is the principle of “one country, two systems” to be maintained, or is it going to be changed in whatever way in future? I wish to give you three reasons, why there shouldn’t be any worry or concern that the principle of “one country, two systems” will be altered or changed in future. The first reason is that the principle of “one country, two systems”, notwithstanding the fact that it’s a political concept, but actually it’s constitutional entrenched in the sense that its implementation is guaranteed by a constitutional document which is the Basic Law. I’m sure that many people in this room is familiar with the Basic Law. But what I wish to highlight is that on July 1, we celebrated the 28th anniversary of China’s resumption of sovereignty over Hong Kong. And for 28 years, and notwithstanding the fact that we had encountered a number of difficulties and challenges, not a single word, not a single clause in our Basic Law had been changed.

Secondly, which is a matter of law, I think lawyers would be interested in what I am saying. In the Basic Law, there’s a provision which allows amendment to be made to the Basic Law, subject to a very important qualification. There’s a very clear, expressed provision, that any amendment cannot contravene, or cannot change the basic policy of the People’s Republic of China regarding Hong Kong, and that basic policy is precisely “one country, two systems”. So legally speaking, as a matter of constitutional, our constitutional order, you cannot really change the fundamental principle of “one country, two systems”. So if you feel that I’m not too legalistic, I move on to my second point, my second reason.

The second reason is highly political, but it’s of crucial importance in the present context. That goes to the reassurances given by the top state leaders of the People’s Republic of China. I would mention three very important speeches, two made by President Xi Jinping. And the last speech was given by Wang Yi, the Minister of Foreign Affairs. First, President Xi Jinping said on July 1, 2022, it was the 25th anniversary of China’s resumption of sovereignty over Hong Kong. It was when I assumed my current position as the Secretary for Justice. In his very important speech, he made a very important point. He said that the principal of “one country, two systems” is a good policy that must be adhered to in the long run. I think he was trying to convey a very important message, to dispel any misgivings, any doubts that Beijing had any intention whatsoever to change its basic policy towards Hong Kong. The “one country, two systems” principle also applies to Macau. So more recently, on December 20, 2024, also at the 25th anniversary of China’s resumption of sovereignty over Macau, President Xi Jinping made another very important speech, repeating why the principle of “one country, two systems” is a good system. At the end, he said that the principle of “one country, two systems” actually embodies very important universal values – peace, openness, inclusiveness, and sharing. And he said that these values are valuable, important, not just to China, Macau, or even China as a whole, but to the whole world. So the China’s national strategy is to make use of this principle of “one country, two systems” to assist its modernisation. So as a matter of logic and common sense, it’s unthinkable that either HKSAR (Hong Kong Special Administrative Region) or Beijing would shoot ourselves in the foot by damaging or destroying the most valuable asset which makes Hong Kong being in a position to contribute to the success or even survival of Hong Kong.

The last speech was given by Mr Wang Yi, the Minister of Foreign Affairs, when he attended the signing ceremony of a very important international convention. It’s known as the Convention on the Establishment of the International Organization for Mediation. It is an international treaty signed by 33 countries, including China. And most of these countries include countries in Southeast Asia, Africa, and even one in Europe, Serbia. The Swiss foreign minister came to Hong Kong to give a speech. The purpose of the convention is to set up the first inter-governmental international organisation, which is devoted to use mediation as a means to resolve different types of international disputes, including disputes between sovereign states, disputes between states and foreign nationals, say, for example, investor-state disputes, and even international civil and commercial disputes. The important thing is that the state parties, in particular China, supported that the headquarters of this new organisation will be situated in Hong Kong. The question is why. Just imagine for Beijing or even other countries, they have a lot of options. Why not in Beijing, why not in Shanghai, why not in Shenzhen or anywhere? But Hong Kong, why Hong Kong? I think Mr Wang Yi gave the answer in his important speech. He mentioned once again it’s because of “one country, two systems”. Because under “one country, two systems”, Hong Kong inherits the common law tradition, but at the same time, the Mainland China practises a civil law system. There’s a synergy between the systems. So we are the best of both worlds, so to speak. And that’s precisely the reason why such an important international organisation, the headquarters of such an organisation will be situated in Hong Kong. This is a very important message. It is a very strong vote of confidence and given by not just China, but other state parties in the future of Hong Kong. So that’s my second reason.

The third reason concerns a piece of law passed last year in Hong Kong. For people familiar with Hong Kong, you would be aware that all lands in Hong Kong are held pursuant to government leases, except for St. John’s Cathedral. For people who have been to Hong Kong, you know that St. John’s Cathedral is a freehold land for historical reasons. But otherwise, all lands in Hong Kong that were held pursuant to government leases, which means that they were for a fixed time, very often for 99 years. And the reality is that many of these government leases, hundreds and thousands, will expire by 2047. That is 50 years after China’s resumption of sovereignty over Hong Kong. So last year, we passed a legislation, the effect of which is that all these leases, which are going to expire before, or by 2047 will be automatically renewed for 50 years, without any additional premium. That means that these land ownership will be guaranteed, they will continue, they will go beyond 2047. Of course, land ownership is extremely important. It is not simply concerned with the provision of shelter or home for people. It serves as very important security, a very valuable asset for business people, for financial institution. So that’s the way we assure people that our system will not change because I cannot find a more important example showing the distinguished feature of “one country, two systems” by referring to our land ownership system. So I think this is a very compelling piece of evidence. I have three pieces of evidence to convince people that any misgiving would be misplaced. So this is about the political landscape.

What about the legal landscape? I mentioned a moment ago that one of the essential characteristics of “one country, two systems” is the fact that we are still using the common law system. I wish to highlight three very important features of our common law system that will be maintained, enhanced, and of great importance in ensuring Hong Kong’s continued success in the future.

Firstly, the credibility of our common law system. Our people are willing to come to Hong Kong because they believe in Hong Kong’s legal system. And one of the key reasons is that in Hong Kong we have a very reputable and credible independent judiciary. Judicial independence is a very key element of a legal system. How do we show to people that Hong Kong’s judicial system, Hong Kong’s judiciary, will remain independent? The answer is that we are a very open system. We have invited many eminent foreign judges from other common law jurisdictions to sit in our court. I wish to give two very concrete examples. Under the Basic Law, Hong Kong enjoys the power of final adjudication, because before 1997, all the final appeal cases would have to be heard in Privy Council in London. But after 1997, we enjoy the final power of adjudication. So the highest court will be the Court of Final Appeal and that’s a very special arrangement, which I’m sure that some of you would be aware of. We are at liberty, we are permitted to invite judges from other common law jurisdictions to sit as foreign non-permanent judges. At the moment, and I would say that even after 2019 and 2020 when Hong Kong experienced some challenges, even after 2020, or since 2020, we have three foreign judges agreeing to come to Hong Kong. So for the time being, there are altogether six foreign non-permanent judges. Two from England, Lord Hoffmann and Lord Neuberger. For lawyers, they would be very familiar names. And then three judges from Australia, and one from New Zealand. The most recent appointment was Sir William Young, a former judge of the Supreme Court of New Zealand. He was appointed in June, so less than a month ago. So why would these eminent judges agree to come to Hong Kong if they are not confident and do not believe in Hong Kong itself? The other thing is that even at the Court of First Instance level, the judiciary has been inviting judges from other common law jurisdictions to sit as part-time judges. And I can also give a very recent example. I know that very soon, a judge who is a British, a very eminent British lawyer, will come to Hong Kong to sit in commercial cases. So these are the continuous efforts made by Hong Kong to ensure that we will retain the international characteristic to give people confidence.

And of course, I have to mention, it’s something that I hesitate to mention, that the Government still loses cases from time to time, but it’s the most compelling evidence to prove the existence of judicial independence. Of course I would not say that I was very happy with the outcome, but I described it as a very healthy phenomenon. It’s very cogent and conclusive proof of the fact that our legal and judicial system functions properly. So this is my first point, the credibility of a judicial system.

The second characteristic goes to the fact that we have a very user-friendly system – common law system. One thing that may be very often can be overlooked is that Hong Kong is the only bilingual common law system using both English and Chinese.

Notwithstanding that China has resumed sovereignty over Hong Kong, one would have naturally expected that Chinese would be the only authentic language, but that’s not true. Even in our legislation, in our court judgments, things would be written in both languages, which is of course important to the international community.

The second thing is that we have made tremendous effort to ensure that our law will meet the changing needs of society, not just within Hong Kong but also the international community. I give two examples. The first example is that we have just amended our company ordinance, which came into effect in late May. It provides a scheme to enable companies being operated overseas to re-domicile to Hong Kong, by a very simple mechanism, so that they can enjoy tax advantage, a relatively simple regulatory regime, so on and so forth. I understand that two major insurance companies have indicated that they will re-domicile to Hong Kong probably in November this year. The second example goes to digital assets, the Stablecoins Ordinance. The ordinance will come into effect on August 1. I think it’s an indication of our determination to strike a balance. You have to have some sort of regulation, some sort of licensing, but at the same time, you have to enable this digital thing to be able to develop in a healthy manner. So this is my second point, we have a very user-friendly common law system.

The last point, which is really unique, which is something that cannot be found, is our connection with the Mainland legal system. Under “one country, two systems”, we have our common law system, we do not use the Mainland legal system. It doesn’t mean that there’s no connection or no linkage between the two systems. On the contrary, there are very important connections between the two legal systems, which are of great practical importance to the international business community. And once again, I wish to use some examples. The first example concerns arbitration. Can arbitration awards in Hong Kong be recognised or enforced in Mainland China? The answer is that we have a very special mutual legal assistance arrangement with Mainland China. There are altogether nine, but suffice for me to mention that’s an arrangement which enables an arbitration award in Hong Kong to be easily recognised and enforced in China. It’s modelled on a well-known New York convention. So it’s no different as any other international award. And another special thing which also about arbitration is that Hong Kong and Mainland China has entered into a very special arrangement to enable arbitration to start or commence in Hong Kong. People engaged in this sort of arbitration would be entitled to apply for interim measures like interim injunction to freeze the assets of the opposing party to preserve evidence in Mainland China by making application in the Mainland court. For example, you start an arbitration in Hong Kong, then you can go to the Mainland court to apply to freeze the assets of your opponent to preserve evidence. I can give you the statistics to see how important and how successful this arrangement is. The arrangement came into existence on the October 1, 2019, and up to mid-May this year, there were altogether around 146 applications. And the value of assets which were subject to this interim preservation order would be around US$5 billion. That will be a very important and practical legal tool to use Hong Kong as a legal dispute resolution centre. And the second more recent example, that I wish to introduce to you, concerns the Greater Bay Area (GBA). The Greater Bay Area consists of Hong Kong, Macau, and mainly the nine important cities in the Guangdong province. The population is 86 million. I think the size is more like Croatia, but the GDP has exceeded Australia. I think it would be top 10 as it seen as a single entity. So a lot of opportunities. So just on the February 14, we have introduced special measures to enable Hong Kong enterprise, if they set up an office or their own company in GBA cities, they would have the right to choose Hong Kong law to govern their contracts. In the old days, there were very serious restrictions. Even if you’re a foreign company, a Hong Kong company, if you set up your company in Mainland China, you have no option. You have to use Mainland law to govern your contractual relationship. The second thing is that you can also choose Hong Kong as the seat of arbitration to resolve any potential dispute. And once again, in the past, that option would not be open. You have to use the dispute resolution mechanism or arbitration in Mainland China. So these are special measures which were recently introduced to give people more options. We can readily understand that, in particular for people outside Hong Kong, they may feel more familiar with Hong Kong’s legal system, whether it’s used as the governing law or whether it’s used as the place to resolve disputes. The choice belongs to the end users, but you have to give people the choice. So we are offering people this choice.

Another important thing is the definition of Hong Kong enterprise. It doesn’t mean that it has to be a 100 per cent owned Hong Kong company. So long as there’s some Hong Kong interest, say 1 per cent Hong Kong interest. So if you get a business partner who’s willing to invest 1 per cent in a business venture, then you will be qualified to be a Hong Kong enterprise. And if you use this in the name of this Hong Kong enterprise, you go into a GBA area, then you can take advantage of the measures that I have just mentioned. I’m using this example to highlight the very unique connection between the Hong Kong common law system and the Mainland legal system, which offers very important practical advantages to the international business community.

Lastly, you may say that I’m just selecting the good news. What about external views on the state of the rule of law in Hong Kong? I wish to refer to two very recent international surveys to support that what I have been telling you is not some sort of self-serving statement trying to paint a rosy picture. Firstly, the IMD, the Institute for Management Development in Switzerland, published a competitiveness survey in June, so about a month ago. In terms of global competitiveness, Hong Kong is the third. In the last survey, we were the fifth, so we moved two places up. We ranked second in terms of government efficiency and also business efficiency. And most importantly, Hong Kong ranked the first when it comes to business legislation, which means our business law and also our tax policy. This is the external view based on a very credible international survey. The second international survey that I wish to refer to is an international survey concerning international arbitration. It’s a survey done by the Queen Mary University of London, together with the law firm White & Case. It’s a regular survey done once every three or four years. In the very recent survey, Hong Kong is regarded to be the second most preferred seat of arbitration in the world. Hong Kong and Singapore both enjoy the second place. And in fact, Hong Kong is the most preferred place for arbitration in the Asia-Pacific region. So once again, this serves as a very strong piece of objective evidence to demonstrate people’s confidence in our legal system.

We are living at a time of uncertainties and challenges, many of these challenges were caused by reasons or factors beyond our control. Some of them goes to geopolitical situations, things like that. The role of Hong Kong can play from the perspective be considered in a wider context, not just as a matter of bilateral relationship between Hong Kong and the Netherlands. It has to be perhaps considered in the wider context of the overall relationship between Europe and China, or perhaps Europe and Asia-Pacific, as a whole. I think the relationship between Europe and China and Hong Kong has become even more relevant and important at this time of great uncertainties and challenges. But amid all these challenges and difficulties, in sharp contrast to these challenges and difficulties, what Hong Kong can offer would be certainty and opportunities. Certainty that you will have a very secure, very user-friendly, very credible legal system to safeguard interests, to manage risk, but enormous opportunities to be found, not just in Hong Kong, not just in the GBA, but China as a whole.

So I do believe, I speak from the bottom of my heart that there are very good reasons for us to remain very confident and optimistic in the future of Hong Kong. And for this, of course, I’m most grateful to the continued support by our friends in this room. I do ask you to continue your support. Whenever people speak in front of you, express any doubt, I do invite you to speak on our behalf to convince them that there’s no reason whatsoever to feel pessimistic. There’s no reason whatsoever for them to be concerned about the future of Hong Kong, because Hong Kong will still be the Hong Kong that we all love, that we are all familiar with. This is all I wish to say. Thank you very much.

MIL OSI Asia Pacific News –

July 8, 2025
MIL-OSI Russia: 07/08/25 the bank’s office in Khabarovsk is operating in a limited mode due to an Internet provider line failure

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

We inform you that as of 07/08/25, the Internet provider line failure has not been eliminated, therefore, on 07/08/25, the office of JSC Solid Bank in Khabarovsk continues to operate in a limited mode. The time frame for eliminating the consequences of the failure is unknown, therefore, the resumption of the office’s work will be announced separately. The office operates in consultation mode.

Please take this information into account when planning a visit to the bank office.

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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MIL OSI Russia News –

July 8, 2025
MIL-OSI China: Trump announces 25-40 pct tariffs on 14 countries

Source: People’s Republic of China – State Council News

White House Press Secretary Karoline Leavitt showcases U.S. President Donald Trump’s letter to the Japanese prime minister during a press briefing at the White House in Washington, D.C., the United States, on July 7, 2025. [Photo/Xinhua]

U.S. President Donald Trump said Monday on social media that 25-percent tariffs will be imposed on imports from Japan and the Republic of Korea (ROK), respectively, beginning Aug. 1.

In his letters addressed to the leaders of the two countries, Trump said the new tariffs will be separate from all other sectoral tariffs.

Later on, he announced that similar letters were sent to the leaders of 12 other countries, namely Malaysia, Kazakhstan, South Africa, Myanmar, Laos, Tunisia, Indonesia, Bangladesh, Serbia, Bosnia and Herzegovina (BiH), Cambodia, and Thailand, informing them that tariffs ranging 25 percent to 40 percent will be charged starting next month.

The tariffs rate on Malaysia, Kazakhstan and Tunisia will be 25 percent, and it will be 30 percent for South Africa and BiH. Indonesia will face a tariffs rate of 32 percent, and Bangladesh and Serbia will see 35 percent. Tariffs rate on Cambodia and Thailand will be 36 percent, and for Laos and Myanmar it will be as high as 40 percent.

In the almost identical letters, Trump asked leaders of these countries to understand that the tariffs rates number “is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country.”

Trump warned that if these countries raise their tariffs in response, the United States will increase its tariffs by the same amount.

He said that there will be no tariff if these countries or their companies decide to build or manufacture products within the United States, and that “in fact, we will do everything possible to get approvals quickly, professionally, and routinely — In other words, in a matter of weeks.”

He also said that “if you wish to open your heretofore closed Trading Markets to the United States, and eliminate your Tariff, and Non Tariff, Policies and Trade Barriers, we will, perhaps, consider an adjustment to this letter.”

White House Press Secretary Karoline Leavitt said Monday afternoon that Trump plans to issue an executive order to extend the pause on “reciprocal tariffs” from July 9 to Aug. 1.

“So, the reciprocal tariff rate or these new rates that will be provided in this correspondence to these foreign leaders will be going out the door within the next month or deals will be made,” said Leavitt.

On Wednesday, Trump said that the United States had struck a trade deal with Vietnam that includes a 20-percent tariff on the Southeast Asian country’s exports to the United States.

MIL OSI China News –

July 8, 2025
MIL-OSI China: Global industrial software giant doubles down on China amid faster digital shift

Source: People’s Republic of China – State Council News

AVEVA, a leading global industrial software provider, has underscored its optimism about China’s market potential, highlighting the country’s role as a key growth driver and the company’s commitment to deepening local engagement.

Chris Lee, AVEVA’s senior vice president and head of Asia Pacific, noted that China is the clear leader in the Asia-Pacific region for the company, and has generated abundant successful industrial digital transformation cases.

“China is the leading force in our Asia-Pacific operations,” Lee said, adding that the region is rapidly reaping the benefits of transformation. With nearly half of the Asia-Pacific’s resources allocated to China, Lee said AVEVA was sending a strong message to its Chinese clients: “We are committed to growing alongside them.”

Cui Jingyi, the company’s vice president and head of AVEVA China, observed that China has evolved from a follower to a leader in the global digital transformation wave, driven by its mature industrial system, thriving digital economy, and open attitude toward new technologies.

The company’s optimism aligns with China’s ongoing efforts to advance digitalization, especially in the industrial sector. By mid-March, the country had established over 30,000 basic-level smart factories, 1,200-plus advanced-level smart factories, and more than 230 excellence-level smart factories.

The country has issued nearly 500 national standards for smart manufacturing, with plans to develop over 100 more national and industrial standards by 2026. The recent implementation of a national standard for digital transformation management, the first of its kind in China, provides a framework for enterprises to upgrade their artificial intelligence (AI) applications and accelerate digital transformation.

In addition to traditional industrial sectors, Cui highlighted the significant potential in sectors like fast-moving consumer goods and food & beverage, where digital transformation demands are rising and market opportunities are vast.

She also noted Chinese clients’ surging interest in AI applications, particularly since the launch of DeepSeek.

“Many clients have proactively adopted DeepSeek and are exploring how AI can transform their operations,” Cui said. However, she emphasized the unique challenges of deploying AI in industrial settings, where high-quality data is critical for training models that meet strict requirements for precision, accuracy, and safety.

Shenoy Janardhan, the company’s vice president and head of presales for Asia Pacific, outlined AVEVA’s vision for AI in industrial software, including transforming non-intelligent information into smart data and exploring applications like humanoid AI.

“We’re looking at natural language processing models to enable voice recognition and direct user interaction,” Janardhan said, adding that AI will also be used to simplify user interfaces for better usability.

Despite global uncertainties, AVEVA executives said the company remained committed to increasing its investment in China, aiming to grow in sync with the country and continue its partnership with Chinese clients on their digital transformation journeys.

A key milestone in AVEVA’s China strategy is the recent launch of its China Intelligent Innovation Center, the first product R&D hub the company has established in the country.

“This center allows us to better address local market requirements and adapt our software to China’s evolving infrastructure and technology landscape,” Cui said. It will also focus on fostering open collaboration with local clients and partners to accelerate the deployment of AI solutions in industrial settings.

“AVEVA is confident in China’s economic development and proud to be part of China’s digitalization drive,” she said. “Our commitment to ‘In China, For China’ is not just a slogan but a tangible action.”

MIL OSI China News –

July 8, 2025
MIL-OSI China: EU races to finalize trade deal with US before July 9 tariff deadline

Source: People’s Republic of China – State Council News

The European Union (EU) is intensifying its efforts to finalize a trade agreement with the United States before the looming July 9 deadline, aiming to avert a new wave of punitive tariffs.

European Commission spokesperson Olof Gill confirmed on Monday that “political and technical contacts” between Brussels and Washington are ongoing, with the EU still committed to securing an agreement in principle by Wednesday.

While hopes for a comprehensive trade deal have been abandoned due to time constraints, the EU remains focused on establishing a framework that can prevent further tariff increases. If no agreement is reached, U.S. tariffs on most EU imports are expected to rise from the current 10 percent to 20 percent, and potentially up to 50 percent, in line with rates announced by U.S. President Donald Trump on April 2.

On Friday, the European Commission held consultations with EU member states to assess the situation. Further high-level engagement took place over the weekend, with Commission President Ursula von der Leyen speaking by phone with President Trump on Sunday. Although no formal breakthrough was reported, officials described the call as a “good exchange.”

On Sunday, U.S. Treasury Secretary Scott Bessent said that tariffs for countries that had not reached an agreement with the United States would take effect on Aug. 1 instead of July 9. Trump said that the United States would begin issuing tariff notification letters to a dozen countries starting Monday at 12 p.m. Eastern Time (1600 GMT).

The European Commission continues to weigh its options. A retaliatory tariff list has been prepared and reviewed with member states and industry stakeholders. However, according to Gill, there are no immediate plans to activate it, as “diplomatic efforts remain the priority.”

Germany, France, and Italy remain closely engaged in the negotiations. German Chancellor Friedrich Merz has emphasized the need for a deal to protect industries vulnerable to tariffs, including the automotive and pharmaceutical sectors.

As the July 9 deadline approaches, analysts remain skeptical about the feasibility of concluding multiple lasting agreements within such a short period.

“Trade deals typically take years to negotiate. It would be surprising to see long-term deals materialize so quickly,” said Andrew Lapping, chief investment officer at Ranmore Fund Management.

“Trump is in a teasing mood, hinting at more deals while keeping markets guessing. Investors are bracing for fresh volatility,” said Susannah Streeter, head of Money and Markets at Hargreaves Lansdown, a British financial services company.

MIL OSI China News –

July 8, 2025
MIL-OSI China: New talent system benefits over 3,700 foreign businesspeople in China’s Yiwu

Source: People’s Republic of China – State Council News

Foreigners carry a suitcase for sample purchasing at Yiwu International Trade Market in Yiwu, east China’s Zhejiang Provence, May 16, 2025. [Photo/Xinhua]

A total of 3,716 foreign businesspeople operating in the city of Yiwu, east China’s Zhejiang Province, have been recognized as talent by the local government as of the end of June.

The group includes 37 classified as A-level (foreign high-end talent) and 3,679 as B-level (foreign professional talent), according to Yiwu’s science and technology bureau.

The city has pioneered a novel “contribution-based evaluation system” for identifying foreign talent. Factors such as annual export volumes, job creation for local workers, and sustained contributions to the local economy are key determinants.

Foreign investors/businesspeople can qualify as A-level talent if they meet certain conditions, such as annual sales of their company exceeding 50 million yuan (about 6.99 million U.S. dollars) while they receive an annual salary of over 600,000 yuan each; or the company employing over 10 local workers while they have worked in Zhejiang continuously for 10 years with a similar salary.

B-level status is attainable through metrics such as foreign exchange settlements of a company exceeding 500,000 U.S. dollars annually, or generating annual import-export volumes surpassing 10 million yuan.

A-class talent receive longer work permits valid for five years and prioritized approval services, while B-level talent qualify for work permits lasting two to four years, according to the policy.

Renowned as the “world supermarket,” Yiwu maintains trade links with over 230 countries and regions. With over 28,000 foreign merchants daily — constituting about one-fifth of Zhejiang’s total — the city launched this foreign business talent pilot program in September 2024 to further attract investment.

MIL OSI China News –

July 8, 2025
MIL-OSI: The Keg Royalties Income Fund Announces Receipt of Interim Order and Filing of Special Meeting Materials in Respect of Proposed Transaction with Fairfax

Source: GlobeNewswire (MIL-OSI)

Not for distribution to U.S. News wire services or dissemination in the U.S.

VANCOUVER, British Columbia, July 07, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that, further to the arrangement agreement entered into among the Fund, 1543965 B.C. Ltd. (the “Purchaser”), a subsidiary of Fairfax Financial Holdings Limited (“FFHL” and together with the Purchaser and its affiliates, “Fairfax”), and FFHL and the transactions contemplated thereunder (collectively, the “Transaction”) as previously announced on June 17, 2025, on July 3, 2025, the Supreme Court of British Columbia granted an interim order authorizing various matters in connection with the Transaction, including the holding of the upcoming special meeting (the “Meeting“) of the holders (“Unitholders”) of units of the Fund (“Units”) and holders (“Exchangeable Securityholders”) of securities exchangeable for Units and the mailing of the management information circular (the “Circular“) in respect thereof. As such, the Fund has now filed on SEDAR+, and is in the process of mailing, the Circular and related materials in respect of the Meeting.

The Meeting will be held at the offices of Lawson Lundell LLP, 925 West Georgia St., Suite 1600, Vancouver, BC, V6C 3L2 on August 1, 2025 at 10:00 a.m. (Vancouver Time). Registered Unitholders and registered Exchangeable Securityholders as of the record date, June 27, 2025, are entitled to receive notice of and vote at the Meeting. In order for the Transaction to become effective, the Arrangement Resolution (as defined in the Circular) must be approved by (a) more than two thirds (66 2/3%) of the votes cast by Unitholders (including for this purpose Exchangeable Securityholders) present in person or represented by proxy at the Meeting and (b) a simple majority of the votes cast by Unitholders present in person or represented by proxy at the Meeting, excluding the votes of Fairfax and any other Unitholders whose votes are required to be excluded for the purposes of “minority approval” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

The Board of Trustees Unanimously Recommends Unitholders Vote FOR the Arrangement Resolution.

The Circular provides Unitholders with important information and Unitholders are urged to read the Circular and related materials carefully and in their entirety, and, if assistance is required, Unitholders are urged to consult their financial, legal, tax or other professional advisors. The Circular and related materials are available on the SEDAR+ profile of the Fund at www.sedarplus.ca.

Advisors

Capital West Partners and Lawson Lundell LLP are acting as financial advisor and legal advisor, respectively, to the trustees of the Fund (“Trustees”) in respect of the Transaction. Torys LLP is acting as legal advisor to Fairfax in respect of the Transaction.

Forward Looking Information

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. This information includes, but is not limited to, statements concerning the Fund’s objectives, its strategies to achieve those objectives, as well as statements made with respect to the Trustees’ beliefs, plans, estimates, projections and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “estimates”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will”, “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent the Trustees’ expectations, estimates and projections regarding future events or circumstances. Forward-looking information in this news release, which includes, among other things, statements relating to the Meeting, is necessarily based on a number of opinions and assumptions that the Trustees considered appropriate and reasonable as of the date such statements are made in light of their experience, current conditions and expected future developments.

Risks and uncertainties related to the Transaction include, but are not limited to: the possibility that the Transaction will not be completed on the terms and conditions currently contemplated; failure of the Fund and Fairfax to obtain the required regulatory, court, stock exchange and Unitholder approvals for, or satisfy other conditions to effect, the Transaction; the risk that the Transaction may involve unexpected costs, liabilities or delays; the risk of a change in general economic conditions; the risk that, prior to the completion of the Transaction, the business of KRL (as defined below) may experience significant disruptions; the risk that any legal proceedings may be instituted against the Fund or determined adversely to the interests of the Fund; and other risk factors contained in filings made by the Fund with the Canadian securities regulators, including the Circular, the Fund’s annual information form dated March 25, 2025 and financial statements and related management discussion and analysis for the financial year ended December 31, 2024 filed with the securities regulatory authorities in certain jurisdictions of Canada and available at www.sedarplus.ca.

Although the Trustees have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to them or that they presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this news release represents the Fund’s expectations as of the date of this news release (or as the date they are otherwise stated to be made) and are subject to change after such date. However, the Fund disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws in Canada. All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.

About The Keg Royalties Income Fund

The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants in Canada and has a substantial presence in select regional markets in the United States. KRL has been named the number one restaurant company to work for in Canada in the latest edition of Forbes “Canada’s Best Employers 2025” survey.

About Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

The MIL Network –

July 8, 2025
MIL-OSI New Zealand: Legislation – Sound law-making needed – BusinessNZ

Source: BusinessNZ

Sound law-making is needed for NZ to attract investment and achieve economic growth, BusinessNZ says.

Chief Economist John Pask presented BusinessNZ’s submission on the Regulatory Standards Bill to the Finance and Expenditure Select Committee today.

He said the Bill was an important step towards improving the quality of regulation and reducing the compliance burden on businesses.

“While Parliament is sovereign and can change legislation at any time it sees fit, there is benefit from placing appropriate scrutiny on decision-makers when law is made,” Mr Pask said.

“This Bill is not a silver bullet, but it is another good tool in the toolbox to improve the quality of regulation in NZ.”

He said it was important that the Bill more clearly covered regulatory takings, where an individual or business had their property restricted or confiscated by regulation, and provided for the principle of compensation in such cases.

BusinessNZ recomm

MIL OSI New Zealand News –

July 8, 2025
MIL-OSI New Zealand: Tech Policy – National AI strategy will boost business large and small – BusinessNZ

Source: BusinessNZ

BusinessNZ welcomes a national strategy for artificial intelligence, saying the potential boosts to innovation, productivity and wellbeing can positively impact all sectors.

Director of Advocacy Catherine Beard says the emerging technology could be worth billions to New Zealand’s GDP over the next decade.

“BusinessNZ strongly supports guidance material from the Government to help answer any questions businesses may have, and be more confident in their AI decision-making process.

“Artificial intelligence is already reframing the way we work, learn and interact daily. We’ve seen an increased uptake of generative models and more across the economy, but currently large businesses are more willing to make use of AI than smaller businesses.

“AI and the benefits that come with it are for all businesses. There are ways in which small businesses could benefit from even a basic understanding of the technology to boost productivity.

“While we should set rules that best advantage New Zealand, we don’t need to be entirely bespoke in the way we approach AI. So, it’s reasonable that New Zealand adopts policy aligned with other OECD countries.

“By reducing regulatory barriers, leading the way and promoting the responsible use of AI, the Government can support businesses as they ‘go for growth’ with modern tools at their disposal.

The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

MIL OSI New Zealand News –

July 8, 2025
MIL-OSI New Zealand: Government AI Strategy to boost productivity

Source: New Zealand Government

Science, Innovation and Technology Minister Dr Shane Reti has launched New Zealand’s first AI Strategy to boost productivity and grow a competitive economy.
“AI could add $76 billion to our GDP by 2038, but we’re falling behind other small, advanced economies on AI-readiness and many businesses are still not planning for the technology,” says Dr Reti.
“We must develop stronger Kiwi AI capabilities to drive economic growth, and this Strategy sends a strong signal that New Zealand supports the uptake of AI.
“The Government’s role in AI is to reduce barriers to adoption, provide clear regulatory guidance, and promote responsible AI adoption.
“We’re taking a light-touch approach, and the Strategy sets out a commitment to create an enabling regulatory environment that gives businesses confidence to invest in the technology.
“Private sector AI adoption and innovation will boost productivity by unlocking new products and services, increasing efficiency, and supporting better decision-making.
“New Zealand’s strength lies in being smart adopters. From AI-powered precision farming techniques to diagnostic technology in healthcare, Kiwi businesses can tailor AI to solve our unique challenges and deliver world-leading solutions.”
The Strategy aligns with OECD AI Principles and the Government will continue to work with international partners on global rules to support the responsible use and development of AI.
“New Zealanders will need to develop trust and give social licence to AI use, so the Government has also released Responsible AI Guidance to help businesses safely use, develop and innovate with the technology,” says Dr Reti.
The Government will use existing legislation and regulations such as privacy, consumer protection and human rights, to manage risk and privacy concerns.
New Zealand’s Strategy for Artificial Intelligence and the Responsible AI Guidance for Businesses can be found on the MBIE website.

MIL OSI New Zealand News –

July 8, 2025
MIL-Evening Report: First it was ‘protein goals’, now TikTok is on about ‘fibre goals’. How can you meet yours?
Source: The Conversation (Au and NZ) – By Saman Khalesi, Senior Lecturer and Head of Course Nutrition, HealthWise Research Group Lead, Appleton Institute,, CQUniversity Australia

Westend61/Getty Images

“Protein goals” have long been a thing on TikTok and Instagram. But now social media users are also talking about “fibre goals”. This reflects a positive broader shift toward overall health and wellbeing rather than a narrow focus on weight loss or muscle gain.

Foods high in fibre are among the healthiest we can eat. Not getting enough can lead to constipation, haemorrhoids and boost the risk of chronic diseases such as heart disease, type 2 diabetes, and bowel cancer.

So what’s the expert evidence say about “fibre goals” and how to hit them?

Different types of fibre

Dietary fibres are indigestible parts of plant foods. Unlike other carbohydrates that break down into sugar, these complex carbs pass through our digestive tract mostly unchanged.

There are two main types of dietary fibre:

Soluble fibres dissolve in water to form gel-like substances. You can find these in fruits such as apples and berries, vegetables such as sweet potatoes and carrots, as well a legumes and oats.

Soluble fibres can slow down digestion and help us feel fuller for longer. They support heart health, lower blood cholesterol and help regulate blood sugar levels.

Insoluble fibres don’t dissolve in water, but add bulk to food. You can get this type of fibre from wheat bran, fruits and vegetable skins, nuts and seeds, beans and whole grain foods.

Insoluble fibres add bulk to the stool and help regulate bowel movements and reduce constipation.

Resistant starch is also a type of complex carb that isn’t technically a fibre, but behaves like one; it resists digestion and feeds gut bacteria. These are found in legumes, cooked potato, and undercooked pasta.

Unlike many fibre supplements (which often only offer one type of fibre) most sources of fibre we eat contain both soluble and insoluble forms. For example, oats, apples and avocado have both.

Both soluble and insoluble fibre benefit our gut and overall health.

Both can be fermented by good gut bacteria, although soluble dietary fibres (and resistant starches) tend to ferment more readily.

Our gut bacteria rely on fermenting these fibres as a fuel to help digest foods, fight against pathogenic microbes such as germs and viruses, and improve physical and mental health.

Avocados are high in fibre.
Rouzes/Getty Images

What should my fibre goal should be?

Sadly, there’s no quick lab test to measure it.

A simple indicator is how well your digestion works. If you’re rarely constipated, you’re likely getting enough fibre.

The National Health and Medical Research Council recommends daily fibre intakes vary by age and gender.

But in general, adult men should have about 30 grams of fibre per day. Women should have about 25 grams.

There are many apps and websites to help you calculate your current fibre intake.

It’s hard to have too much dietary fibre; even eating 50g per day is not considered harmful.

How do I meet that goal without overthinking it?

Foods rich in fibre include:
- fruits
- vegetables
- nuts
- seeds
- legumes
- beans
- wholegrain or wholemeal breads and cereals.
Aim for variety in your diet, so you don’t get bored of the same foods.

The federal government’s Australian Dietary Guidelines suggest a daily intake of:
- two serves of medium-sized fruits
- five serves of vegetables (one serve is half a cup of cooked veggies or one cup of salad greens)
- two to three serves of nuts and seeds (where one serve is about 30g or a handful) or two to three serves of legumes/beans (where one serve is a cup of cooked beans, lentils, chickpeas, split peas).
What not to do

Here are some important things to remember:
1. avoid drastic changes such as cutting out entire food groups or nutrients (such as carbohydrates) unless advised by your health practitioner. Even low-fibre food groups (such as dairy or lean meats) provide important nutrients. Avoiding them can potentially cause other health problems
2. avoid focusing on just one type of fibre (soluble or insoluble). Each has different benefits, so incorporating both is best
3. avoid a sudden increase in fibre. It can cause abdominal pain and increased flatulence. Start by adding just one or two high-fibre foods each day and slowly increase this over a few weeks
4. fibre needs water to work effectively, so drink plenty of fluids. Aim for at least eight to ten glasses of water per day.
How do I hit my goal without being a weirdo about it?

Eating well doesn’t need to be a competition.

It’s great people are sharing ideas on social media about increasing fibre intake and setting fibre goals, but we can do it without constantly obsessing over food.

Focus on gradual changes and incorporating fibre-rich foods naturally into your diet. Start by eating more fresh fruit and vegetables, and adding legumes and pulses (such as kidney beans and chickpeas) to meals.

Simple switches can go a long way. For example, swap refined grain products (such as white rice or white bread) for wholemeal or wholegrain varieties. If you like breakfast cereals, choose one with at least 5g of fibre per serve (read the nutrition panel on the packet).

Finally, listen to your body. If you experience any digestive discomfort or have certain conditions, such as irritable bowel syndrome that requires managing your fibre intake, consult with a health-care professional.

Saman Khalesi is a committee member for Nutrition Society Australia Queensland Group and Queensland Cardiovascular Research Network.

Chris Irwin is a committee member for Nutrition Society Australia Queensland Regional Group.

Seyed Farhang Jafari 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. First it was ‘protein goals’, now TikTok is on about ‘fibre goals’. How can you meet yours? – https://theconversation.com/first-it-was-protein-goals-now-tiktok-is-on-about-fibre-goals-how-can-you-meet-yours-258694
MIL OSI Analysis – EveningReport.nz –
July 8, 2025
MIL-OSI New Zealand: Local Water Done Well delivers first water services entity

Source: New Zealand Government

Selwyn District is the first council in the country to launch its new water services entity, Selwyn Water, meaning safe, reliable, and affordable drinking water and wastewater for ratepayers, Local Government Minister Simon Watts says.

“The launch of Selwyn District’s water service entity today marks a significant milestone of water reform, and I look forward to seeing similar Local Water Done Well plans progress in the coming months,” Mr Watts says.

“Selwyn District Council is also the first council to have a Water Services Delivery Plan accepted and approved by the Secretary for Local Government, Paul James and the first to establish a water services council-controlled organisation (CCO) under the Coalition Government’s Local Water Done Well policy.

“Selwyn District has demonstrated it has a financially sustainable plan for the delivery of water services that meet health, quality, and environmental standards, along with community expectations.

“I will be watching with interest how Selwyn Water manages the projected price increases for consumers during the initial years of their plan. I expect the Commerce Commission, as the economic regulator, will closely monitor to ensure the delivery of forecast levels of capital investment, justify the price.

“It is also my expectation that Selwyn Water will keep a close eye on its charges for new infrastructure to ensure that growth pays for growth.

“I am encouraged by advice from officials that future partnership opportunities with neighbouring councils are a core consideration in Selwyn District Council’s Plan.

“These future partnership opportunities have significant potential to deliver greater efficiencies, standardisation, knowledge sharing, and ultimately, lower costs for consumers.

“Selwyn Water’s constitution provides flexibility if other councils and communities seek the benefits of a regional water services CCO. This option bodes well for the future of water services in the wider region.

“The Department of Internal Affairs will continue to encourage councils to progress discussions with neighbours regarding future consolidation of water services for the benefit of consumers.”

Mr Watts says Selwyn’s progress demonstrates the effectiveness of local leadership when backed by sound, practical Government policy and legislation, including Local Water Done Well.

“Selwyn Mayor Sam Broughton, his councillors and staff have the Government’s congratulations for their vision and hard work in making such swift progress.”

MIL OSI New Zealand News –

July 8, 2025
MIL-OSI USA: Cassidy Announces $1.1 Million for Opelousas Airport Safety Improvements from His Infrastructure Law

US Senate News:

Source: United States Senator for Louisiana Bill Cassidy

WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) announced the Federal Aviation Administration (FAA) is awarding $1,125,000.00 to St. Landry Parish for safety improvements at the St. Landry Parish Airport (OPL) in Opelousas. The funding comes through Cassidy’s Infrastructure Investment and Jobs Act (IIJA).
“Investing in airport safety protects families and strengthens the local economy,” said Dr. Cassidy. “This funding will ensure St. Landry Parish Airport is safer and better equipped to serve Opelousas and the surrounding communities for years to come.”
This grant will provide federal funding to support the St. Landry Parish Airport Safety Improvement Program.

MIL OSI USA News –

July 8, 2025
MIL-OSI USA: Senator Marshall: When You Cut Taxes, The Economy Grows

US Senate News:

Source: United States Senator for Kansas Roger Marshall

Senator Marshall Joins Fox Business to Discuss the Yale Budget Lab and the Reconciliation Bill.
Washington – On Monday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Jason Chaffetz on Fox Business’ The Evening Edit to discuss the Yale Budget Lab and their incorrect read on the impact the reconciliation bill will have on hard-working American families and the American economy.

Click HERE or on the image above to watch Senator Marshall’s full remarks.
On the Yale Budget Lab being a partisan, left-wing think tank:
“This Yale lab is actually another Democrat think tank … they’re the type of economists that got it wrong under John F. Kennedy’s tax cuts and President Reagan’s tax cuts, and Trump 45 tax cuts as well. They don’t realize that when you cut taxes, the economy grows. And that’s where the biggest difference is when you listen to their opinion versus our opinion, versus this White House’s opinion – that we read these tax cuts as giving tax breaks for small businesses and for manufacturing, that’s going to help the economy grow, especially as well. You know, I think about being able to write off new manufacturing equipment, being able to write off accelerated depreciation, those types of things.”
On how the Reconciliation Bill will help save Medicaid:
“I want to emphasize that on our Medicaid plan, we actually increase the spending. We increase the spending faster than the rate of inflation – $200 billion a year more. That we’re trying to strengthen Medicaid and save it for those who really need it the most. So, we’re going to make sure that seniors in nursing homes, people with disabilities, pregnant women, and children that they have Medicaid.
“The only ones that are going to lose Medicaid going forward are people that were on that are fraudulently on it, or people that are unwilling to work, even just 20 hours a week. Or they can go to school, or they can volunteer. You know, I’ve said this before, but we have folks back home harvesting wheat that are working 20 hours a day. So that’s not too much to ask of people. And by the way, I think helping people get a job is a good thing.”

MIL OSI USA News –

July 8, 2025
MIL-OSI USA: Senator Marshall: When You Cut Taxes, The Economy Grows

US Senate News:

Source: United States Senator for Kansas Roger Marshall

Senator Marshall Joins Fox Business to Discuss the Yale Budget Lab and the Reconciliation Bill.
Washington – On Monday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Jason Chaffetz on Fox Business’ The Evening Edit to discuss the Yale Budget Lab and their incorrect read on the impact the reconciliation bill will have on hard-working American families and the American economy.

Click HERE or on the image above to watch Senator Marshall’s full remarks.
On the Yale Budget Lab being a partisan, left-wing think tank:
“This Yale lab is actually another Democrat think tank … they’re the type of economists that got it wrong under John F. Kennedy’s tax cuts and President Reagan’s tax cuts, and Trump 45 tax cuts as well. They don’t realize that when you cut taxes, the economy grows. And that’s where the biggest difference is when you listen to their opinion versus our opinion, versus this White House’s opinion – that we read these tax cuts as giving tax breaks for small businesses and for manufacturing, that’s going to help the economy grow, especially as well. You know, I think about being able to write off new manufacturing equipment, being able to write off accelerated depreciation, those types of things.”
On how the Reconciliation Bill will help save Medicaid:
“I want to emphasize that on our Medicaid plan, we actually increase the spending. We increase the spending faster than the rate of inflation – $200 billion a year more. That we’re trying to strengthen Medicaid and save it for those who really need it the most. So, we’re going to make sure that seniors in nursing homes, people with disabilities, pregnant women, and children that they have Medicaid.
“The only ones that are going to lose Medicaid going forward are people that were on that are fraudulently on it, or people that are unwilling to work, even just 20 hours a week. Or they can go to school, or they can volunteer. You know, I’ve said this before, but we have folks back home harvesting wheat that are working 20 hours a day. So that’s not too much to ask of people. And by the way, I think helping people get a job is a good thing.”

MIL OSI USA News –

July 8, 2025
MIL-OSI China: China supports stronger New Development Bank — Premier Li

Source: People’s Republic of China – State Council News

RIO DE JANEIRO, July 7 — China supports the New Development Bank in growing its strength and scale, said Chinese Premier Li Qiang here on Monday.

Li made the remarks when addressing a plenary session of the 17th BRICS Summit, urging progress in the World Bank’s equity review and the IMF quota share adjustment.

He also called for increasing the representation and voice of developing countries.

MIL OSI China News –

July 8, 2025
MIL-OSI China: Trump calls Musk’s new political party ‘ridiculous’

Source: People’s Republic of China – State Council News

U.S. President Donald Trump has dismissed billionaire entrepreneur Elon Musk’s threats to form a third political party.

“I’m saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump posted on social media Sunday night.

He was referring to Musk’s threats to form a third political party to rival Democrats and Republicans.

The president called that idea “ridiculous,” adding that it would cause confusion.

The feud between the two billionaires began in early June after Musk blasted Trump’s landmark One Big Beautiful Bill, a gargantuan tax and spending package that Trump signed into law on Friday, the Independence Day.

Musk lambasted the legislation, saying it could add trillions of U.S. dollars to the national debt.

“Today, the America Party is formed to give you back your freedom,” Musk said on social media.

In response, Trump posted on social media that third parties “have never succeeded in the United States,” adding that “the one thing (they) are good for is the creation of Complete and Total DISRUPTION & CHAOS.”

Musk’s announcement caused shares of his company Tesla to take a dive. On Monday, the stock saw its largest single-day loss since June 5.

Christopher Galdieri, a political science professor at Saint Anselm College in the northeastern state of New Hampshire, told Xinhua: “Right now, Republicans have narrow margins in both chambers of Congress. If Musk were to fund primary challengers or independent general election candidates… that could cost Republicans in next year’s midterms.”

“Building a real party, rather than a vanity project, would involve finding and running credible candidates up and down the ballot, for unglamorous offices like school board and city council,” Galdieri said.

Clay Ramsay, a researcher at the Center for International and Security Studies at the University of Maryland, told Xinhua: “Things like this have been tried not very long ago… The problem is that a political party needs a core idea.”

“This venture would have to attract people younger than 45 who are already politicians on some level, and who have real political talent,” Ramsay said.

“If Musk were to just concentrate on knocking out specific Republican senators and members, that would be a slightly better plan than starting a new political party,” Ramsay added.

Brookings Institution Senior Fellow Darrell West told Xinhua: “There are lots of people who would like choices between the two major parties. Each has moved to the extremes and does not represent the broad swathe of America.”

“He needs to find someone to lead the party who could appeal to more people,” West said.

MIL OSI China News –

July 8, 2025

MIL-OSI: Ripple’s national license is imminent, and RICH Miner helps XRP investors create higher real value

Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 07, 2025 (GLOBE NEWSWIRE) — Ripple (XRP) is gradually getting rid of the regulatory shadow of the U.S. Securities and Exchange Commission (SEC). As its long-term legal dispute with the SEC draws to a close, Ripple is moving towards the mainstream financial system.

Ripple CEO Brad Garlinghouse once said on the social platform: “@Ripple adheres to our long-standing compliance principles and is applying for a national banking license from the OCC.” He added: “If approved, Ripple will become an institution regulated by both the state (NYDFS) and the federal government, which will establish an unprecedented trust standard for the stablecoin market.”

Against this favorable background, RICH Miner, the world’s leading smart cloud mining platform, is providing XRP users with a more compliant, secure and sustainable value-added path. Users can use RICH Miner’s cloud mining platform to use the XRP they hold to open mining contracts, obtain stable daily passive income, and realize asset appreciation.

If Ripple wins a banking license, what does it mean for XRP?

Ripple Labs has long been one of the most well-capitalized crypto companies. Once it successfully obtains a national banking license, it will become the first federally licensed crypto payment company in the United States. This move will greatly enhance the importance of XRP in the legitimacy, financial acceptance and stablecoin ecosystem.

And RICH Miner has seized this historic node and provided coin holders with an ideal platform to respond to regulatory directions and increase asset value.

How does RICH Miner help users gain benefits?

RICH Miner brings stable mining benefits to users through multi-dimensional intelligent systems and green infrastructure:

✅ AI intelligent computing power scheduling: dynamically adjust mining strategies to match the optimal profit path
✅ Global distributed node system: deploy cloud servers in multiple locations to improve stability and computing power efficiency
✅ Green energy drive: use renewable energy for mining, reduce costs, and give back to users
✅ Invitation rebate mechanism: every time you invite a friend, you can get up to 3% additional rebate

How do XRP holders make money through RICH Miner mining?
The operation is simple and the threshold is extremely low. XRP users only need three steps to start the road to profit:

1. Visit the official website: https://richminer.com to register an account and receive a new user reward worth $15

2. Select a contract: Choose cloud mining contracts of different terms and amounts according to your own investment plan, and you can participate with a minimum of 50 XRP

Contract Price	Contract duration	Daily income	Total revenue
$100	2	$3	$100.00 + $6
$600	8	$7.20	$500.00 + $57.60
$1,300	13	$17.30	$1300.00 + $221.39
$3,000	17	$42.30	$3000.00 + $719.10
$5,000	24	$75.00	$5000.00 + $1800.00
$12,000	32	$204.00	$12000.00 + $6528.00

Click here to view the full contract

3. Daily income arrives: The system runs automatically, daily income is settled in real time, and withdrawal or reinvestment is supported at any time

Use XRP to “activate” computing power and empower assets

Although XRP itself cannot be mined directly like BTC, in RICH Miner’s cross-chain mining architecture, XRP can be used to purchase cloud computing power contracts for currencies such as BTC, DOGE, and LTC.

This means: XRP can become the “asset key” to start mining other mainstream currencies, further expanding the profit path of coin holders.

For users who are wavering between holding coins and waiting for appreciation and leaving their assets idle, RICH Miner’s compliance model and smart contract mechanism are bringing unprecedented “actual use value” to XRP.

Summary: Grasp the new regulatory trend and use RICH Miner to plan the future of crypto income in advance

As Ripple actively applies for a national banking license and XRP is included in the compliant financial system, holding coins to earn interest has become an effective strategy to deal with market uncertainty. RICH Miner grasps this trend and is committed to providing a compliant, secure and intelligent cloud mining income path for XRP users around the world.

In this compliance revolution, RICH Miner is not just a platform, but also a key tool for you to unleash the potential of crypto assets.

Official website: https://richminer.com
Contact email: info@richminer.com

APP download: https://richminer.com/xml/index.html#/app

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RICH-MINER

The MIL Network –

July 8, 2025