NewzIntel.com

Category: Business

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for June 2025 of its Virtune Crypto Top 10 Index ETP – the first crypto index ETP in the Nordics

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 3rd of July 2025 – Virtune today announces the completion of the monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

    In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

    Virtune Bitcoin ETP
    Virtune Stellar ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Litecoin ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Staked Polygon ETP
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP
    Virtune Prime Bitcoin ETP
    Virtune Coinbase 50 Index ETP

    Index allocation as of 30th of June (before rebalancing):

    Bitcoin: 42.02%
    Ethereum: 30.73%
    XRP: 13.36%
    Solana: 8.21%
    Cardano: 2.06%
    Chainlink: 0.91%
    Avalanche: 0.79%
    Stellar Lumen: 0.77%
    Litecoin: 0.68%
    Uniswap: 0.47%

    Index allocation as of 30th of June (after rebalancing):

    Bitcoin: 40.00 %
    Ethereum: 32.33 %
    XRP: 13.58 %
    Solana: 8.11 %
    Cardano: 2.25 %
    Chainlink: 0.91 %
    Stellar: 0.83 %
    Avalanche: 0.80 %
    Litecoin: 0.69 %
    Uniswap: 0.50 %

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Top 10 Index ETP SEK outcome for June was -0.85%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

    In June, the crypto markets showed varied developments. Uniswap led the gains with a notable +17.8% increase, followed by XRP at +2.95% and Bitcoin at +2.40%. These three were the only assets in the Virtune Crypto Top 10 Index ETP to end the month in positive territory. Most other assets declined. Solana and Litecoin saw modest drops of -1.08% and -1.12%, while Ethereum fell slightly more at -1.62%. Chainlink posted a deeper loss of -4.25%. The weakest performers were Avalanche and Cardano, down -13.7% and -16.6% respectively.

    The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in June:

    Uniswap: +17.8%
    XRP: +2.95%
    Bitcoin: +2.40%
    Solana: -1.08%
    Litecoin: -1.12%
    Ethereum: -1.62%
    Chainlink: -4.25%
    Avalanche: -13.7%
    Cardano: -16.6%

    Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network –

  • MIL-OSI Economics: ICC selected to administer Internet domain disputes for second time

    Source: International Chamber of Commerce

    Headline: ICC selected to administer Internet domain disputes for second time

    This renewed collaboration reinforces ICC’s longstanding reputation as a leading provider of dispute resolution services in the technology sector and reflects ICANN’s continued reliance on ICC to support the fair, transparent and equitable resolution of domain name disputes. 

    ICANN is expected to open the application window for gTLD registrations in April 2026, giving third parties the opportunity to file objections against such registrations. ICC will administer the proceedings through which objections will be determined on first instance and on appeal – building on ICC’s experience administering cases arising from gTLD registrations in 2012.    

    Proceedings will result in a binding expert determination and will be administered by the ICC International Centre for ADR pursuant to its Expert Rules and the ICANN Applicant Guidebook, ICANN Dispute Resolution Procedure and ICANN Objection Appeals Procedure. The Centre is currently updating its Expert Rules with the creation of a dedicated appendix addressing the financial aspects of both first instance and appellate proceedings. 

    Alya Ladjimi, Counsel of the ICC International Centre for ADR, said:  

    “We are deeply honoured to have been selected again as ICANN dispute resolution service provider. We will answer the call by contributing our dispute resolution expertise to the administration of expert proceedings arising from applications for new gTLDs, and to support the fair and effective resolution of domain name disputes in today’s fast-evolving digital world.” 

    The Centre will supervise all stages of the proceedings, including the administrative review of objections, appointment of expert panels, scrutiny of draft expert determinations and the fixing of procedural costs. 

    Throughout ICC administered proceedings, parties can explore the possibility of settling their disputes through direct negotiations or mediation, benefitting from the Centre’s extensive experience in administering proceedings under the ICC Mediation Rules. 

    A complete archive of ICC expert determinations issued during the 2012 New gTLD round is available here. 

    MIL OSI Economics –

  • MIL-OSI Russia: Dmitry Chernyshenko: The first championship in professional skills among SVO participants will be held in 15 in-demand competencies

    Translation. Region: Russian Federal

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

    From July 25 to 29, Kazan will host the first championship in professional skills among participants of the special military operation “Abilympics”. It is being held in accordance with the instructions of Russian President Vladimir Putin.

    “At a meeting with the SVO participants, President Vladimir Putin said that people who have consciously chosen to serve the Fatherland and through this achieve their personal success should gradually occupy certain positions in various areas and directions. Today, it is especially important to help our heroes realize themselves in their chosen specialties and find jobs worthy of such highly qualified, responsible specialists. The first championship in professional skills among SVO participants will be held in 15 in-demand competencies at once. Participants of the national championship “Abilympics” will be able to undergo internships and get jobs in the leading organizations of the country,” said Deputy Prime Minister Dmitry Chernyshenko.

    More than 400 people will take part in the competition – these are contestants, experts and accompanying persons. Based on the results, 75 finalists will be selected, who will demonstrate their skills in the final of the national championship “Abilympics” in October 2025.

    “The National Championship of Professional Skills “Abilympics” has won recognition from employers, experts and the inclusive community of our country. This is not just a competition, but a symbol of the fortitude, courage and willpower of defenders. “Abilympics” reveals the heroes as true masters of their craft, who, thanks to perseverance and strength of character, are ready to achieve results for the sake of Russia’s development. I am confident that participation in the championship will help veterans conquer new heights in their chosen specialties,” said State Secretary – Deputy Minister of Defense, Chairperson of the State Foundation “Defenders of the Fatherland” Anna Tsivileva.

    The competition will be held at the production and training center of JSC Kazan Helicopters in 15 competencies: Web Development (Programming), UAV Operator, Photographer, Car Repair and Maintenance, Wood Carving, Performing Arts (Vocals), Massage Therapist, Cooking, Industrial Robotics, Assembly and Disassembly of Electronic Equipment, Welding Technologies, Metalworking, Carpentry, Electrical Installation, and CNC Turning.

    “The Professional Skills Championship is an important stage of comprehensive rehabilitation and social adaptation for the SVO participants, an opportunity to acquire sought-after skills and confidence in their professional future. Now it is important to provide comprehensive support to the returned guys – from training and career guidance to assistance in employment, and the Abilympics movement is actively involved in this process. Each of the veterans of the special operation should have the opportunity to realize their potential, find a decent job and continue developing in the chosen field. After all, their experience, discipline and determination are a valuable contribution to the development of our country,” commented Minister of Education Sergey Kravtsov.

    The opening ceremony of the championship is scheduled for July 25 in the concert hall of the Volga Region State University of Physical Education, Sports and Tourism. The award ceremony for the winners will take place on July 29 in the Bashir Rameev IT Park.

    “It is a great honor and responsibility for us to host this championship. Tatarstan has long been the center of major political and sporting events. We see the attention and care that the President of the country Vladimir Vladimirovich Putin shows to the participants of the SVO. And we are ready to create all the necessary conditions so that our veterans of the special military operation can demonstrate their skills,” said the head of the Republic of Tatarstan Rustam Minnikhanov.

    In addition to the competitive part, the championship includes a business program, which will include a plenary session on the professional development of SVO veterans, round tables on rehabilitation through sports and the role of civil society in supporting SVO participants. Career guidance, excursions and sports events will also be organized for the championship participants.

    In 2025, 228 people from 62 constituent entities of the Russian Federation took part in the regional championships in professional skills among disabled people and people with disabilities “Abilympics” in 43 competencies.

    The organizer of the championship is the Ministry of Education with the support of the Government of Russia and the state fund for supporting participants of the “Defenders of the Fatherland” military military organization, the federal operator is the Institute for the Development of Professional Education, and the regional operator is the government of the Republic of Tatarstan.

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

    MIL OSI Russia News –

  • MIL-OSI Africa: North West engages with youngsters in agriculture

    Source: Government of South Africa

    The North West MEC for Agriculture and Rural Development, Madoda Sambatha, is embarking on a series of engagements with young people in agriculture across the province.

    According to the North West Department of Agriculture and Rural Development, the sessions aim to empower youth to take an active role in shaping the future of the sector, reflecting their commitment to supporting sustainable, youth-led growth in agriculture.

    The first leg of the district engagements kicked off on Monday, 30 June 2025, in Coligny, within the Ngaka Modiri Molema District. 

    The department said that at the heart of this focused intervention is the Youth in Agriculture and Rural Development (YARD) structure, whose elected leadership has been tasked with advancing youth representation and development at all levels of the sector.

    The rollout continues in the Dr Ruth Segomotsi Mompati District on Friday, 4 July, at Mooilagte Farm in the Naledi Local Municipality. 

    This will be followed by engagements in the Dr Kenneth Kaunda District on 11 July at Ga-Matsapola Farm, and in the Bojanala Platinum District on 14 July at the Moses Kotane Local Municipality.

    The initiative brings together key stakeholders, including the National Youth Development Agency (NYDA), North West University Business School, the Small Enterprise Finance and Development Agency (SEFDA), AgriSETA, the Agricultural Research Council (ARC), commercial banks, and development finance institutions. 

    “The sessions serve as a gateway for young people to access critical information on funding, skills development, mentorship, and market access tools essential for building resilient and sustainable agri-enterprises.” 

    Held in partnership with local municipalities through the District Development Model (DDM), the engagements aim to ensure that the needs and aspirations of young farmers are integrated into local economic development plans.

    “In addition to dialogue and presentations, each session includes live demonstrations and planting activities, exposing participants to practical techniques and climate-smart agricultural methods.” 

    Addressing youth during the Coligny engagement held on Monday, Sambatha emphasised the department’s commitment to creating an enabling environment for youth in agriculture.

    “This is not a ceremonial exercise; it is a deliberate strategy to reposition young people as central drivers of agricultural growth and rural development. We are here to remove bottlenecks, unlock opportunities, and invest in future producers,“ Sambatha said.

    The department encourages all young people involved in farming, agri-processing, and rural enterprises to take full advantage of these sessions and the wide range of support offered through government and its partners. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI NGOs: Kenya: Withdrawal of Finance Bill 2024 an Opportunity for an Inclusive and Sustainable Dialogue

    Source: Greenpeace Statement –

    Nairobi, Kenya, 26 June — Greenpeace Africa acknowledges President William Ruto’s decision to decline assenting to the Finance Bill 2024 in response to the widespread outcry from Kenyans. 

    We extend our deepest condolences to the families and communities who mourn their loved ones. The protection of human life and the right to peaceful protest are paramount.

    Greenpeace Africa strongly advocates for an alternative approach to future Finance Bills, based on the principles of fair taxation. Instead of imposing burdensome taxes on the struggling populace, we propose a tax policy targeting polluters’ profits. Corporations, oil and gas industries that contribute significantly to environmental degradation, biodiversity loss and climate crisis should bear financial responsibility for their actions.

    Taxing the super-rich and polluters rather than the poor aligns with the principles of environmental justice and ensures that those responsible for environmental damage, losses and damages contributing to the rising costs of climate adaptation, mitigation and resilience bear the greatest responsibility. We welcome the president’s call to engage the youth and encourage the government to work closely with all stakeholders to develop progressive socio-economic policies that promote environmental sustainability, social equity, economic resilience, and prioritize the well-being of the people.

    Greenpeace Africa remains committed to advocating for a just, equitable, and sustainable society. We support constructive dialogue between the government, the youth, and all concerned parties in Kenya.

    For more information, contact:

    [email protected]

    MIL OSI NGO –

  • MIL-OSI Banking: RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on July 04, 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 04, 2025, as under:

    Sl. No. Notified Amount
    (₹ crore)    		 Tenor (day) Window Timing Date of Reversal
    1 1,00,000 7 10:00 AM to 10:30 AM July 11, 2025
    (Friday)

    2. 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: 2025-2026/648

    MIL OSI Global Banks –

  • MIL-OSI Europe: ESAs sign Memorandum of Understanding with AMLA for effective cooperation and information exchange

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.

    The multilateral MoU outlines how the ESAs and AMLA will exchange information with one another and cooperate in practice to perform their respective tasks in an efficient, effective and timely manner. The memorandum aims to promote supervisory convergence throughout the EU’s financial sector, enable the exchange of necessary information, and foster cross-sectoral learning and capacity building among supervisors in areas of mutual interest. It is part of the overall cooperation framework that AMLA is required to issue in relation to the financial sector and is an important component of the institutional arrangements going forward. 

    Petra Hielkema, Chair of EIOPA and Chair of the Joint Committee of the ESAs said: “The memorandum we signed demonstrates the strong commitment of Europe’s financial supervisors to working closely together to combat money laundering and terrorist financing—crimes that undermine social justice and the well-being of our communities. Uncovering companies that engage in or facilitate such activities demands serious effort and dedication. The ESAs stand ready to support AMLA with all the knowledge and information at our disposal so that it can exercise its new powers to ensure that these illicit activities do not go undetected or unpunished on our soil. We look forward to a productive and efficient EU-wide collaboration with AMLA to protect the integrity of the EU’s financial system and create a safer and fairer financial environment for all.”

    Bruna Szego, Chair of AMLA said: “This Memorandum marks an important step in delivering a risk focused and integrated European AML/CFT framework. Cooperation between AMLA and the ESAs is essential so that we support each other to effectively deliver on our respective mandates and work together for a safer and more resilient Europe . The fight against crime affects all sectors and we are stronger when we work together’.

    Legal background

    Article 91 of the AMLA Regulation requires AMLA to conclude a multilateral MoU with the ESAs by 27 June 2025, which would set out how the Authorities intend to cooperate in the performance of their tasks under Union law.

    About AMLA

    The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has the objective to transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs). AMLA will directly supervise the EU’s highest-risk financial institutions with significant cross-border exposure. It will exercise indirect supervision across both the financial and non-financial sectors, ensuring that national supervisors apply EU AML/CFT rules consistently and effectively.. AMLA coordinates the work of Financial Intelligence Units (FIUs) helping to improve the quality, consistency, and cross-border exchange of financial intelligence.  It complements EU AML/CFT rules by developing regulatory and implementing technical standards and issuing guidelines.

    About the ESAs

    The three European Supervisory Authorities (the EBA, EIOPA and ESMA) have the objective to protect the public interest by contributing to the short, medium, and long-term stability and effectiveness of the financial system, for the Union economy, its citizens, and businesses. The ESAs are tasked with developing and implementing a common regulatory framework and convergent supervisory practices across the EU.

    Through the Joint Committee, the ESAs regularly and closely coordinate their supervisory activities within the scope of their respective responsibilities to ensure consistency in their practices. The Joint Committee’s chairmanship rotates annually among the authorities. In 2025, the forum is chaired by EIOPA.

    MIL OSI Europe News –

  • MIL-OSI Europe: ESAs sign Memorandum of Understanding with AMLA for effective cooperation and information exchange

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.

    The multilateral MoU outlines how the ESAs and AMLA will exchange information with one another and cooperate in practice to perform their respective tasks in an efficient, effective and timely manner. The memorandum aims to promote supervisory convergence throughout the EU’s financial sector, enable the exchange of necessary information, and foster cross-sectoral learning and capacity building among supervisors in areas of mutual interest. It is part of the overall cooperation framework that AMLA is required to issue in relation to the financial sector and is an important component of the institutional arrangements going forward. 

    Petra Hielkema, Chair of EIOPA and Chair of the Joint Committee of the ESAs said: “The memorandum we signed demonstrates the strong commitment of Europe’s financial supervisors to working closely together to combat money laundering and terrorist financing—crimes that undermine social justice and the well-being of our communities. Uncovering companies that engage in or facilitate such activities demands serious effort and dedication. The ESAs stand ready to support AMLA with all the knowledge and information at our disposal so that it can exercise its new powers to ensure that these illicit activities do not go undetected or unpunished on our soil. We look forward to a productive and efficient EU-wide collaboration with AMLA to protect the integrity of the EU’s financial system and create a safer and fairer financial environment for all.”

    Bruna Szego, Chair of AMLA said: “This Memorandum marks an important step in delivering a risk focused and integrated European AML/CFT framework. Cooperation between AMLA and the ESAs is essential so that we support each other to effectively deliver on our respective mandates and work together for a safer and more resilient Europe . The fight against crime affects all sectors and we are stronger when we work together’.

    Legal background

    Article 91 of the AMLA Regulation requires AMLA to conclude a multilateral MoU with the ESAs by 27 June 2025, which would set out how the Authorities intend to cooperate in the performance of their tasks under Union law.

    About AMLA

    The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has the objective to transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs). AMLA will directly supervise the EU’s highest-risk financial institutions with significant cross-border exposure. It will exercise indirect supervision across both the financial and non-financial sectors, ensuring that national supervisors apply EU AML/CFT rules consistently and effectively.. AMLA coordinates the work of Financial Intelligence Units (FIUs) helping to improve the quality, consistency, and cross-border exchange of financial intelligence.  It complements EU AML/CFT rules by developing regulatory and implementing technical standards and issuing guidelines.

    About the ESAs

    The three European Supervisory Authorities (the EBA, EIOPA and ESMA) have the objective to protect the public interest by contributing to the short, medium, and long-term stability and effectiveness of the financial system, for the Union economy, its citizens, and businesses. The ESAs are tasked with developing and implementing a common regulatory framework and convergent supervisory practices across the EU.

    Through the Joint Committee, the ESAs regularly and closely coordinate their supervisory activities within the scope of their respective responsibilities to ensure consistency in their practices. The Joint Committee’s chairmanship rotates annually among the authorities. In 2025, the forum is chaired by EIOPA.

    MIL OSI Europe News –

  • MIL-OSI Europe: ESAs sign Memorandum of Understanding with AMLA for effective cooperation and information exchange

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.

    The multilateral MoU outlines how the ESAs and AMLA will exchange information with one another and cooperate in practice to perform their respective tasks in an efficient, effective and timely manner. The memorandum aims to promote supervisory convergence throughout the EU’s financial sector, enable the exchange of necessary information, and foster cross-sectoral learning and capacity building among supervisors in areas of mutual interest. It is part of the overall cooperation framework that AMLA is required to issue in relation to the financial sector and is an important component of the institutional arrangements going forward. 

    Petra Hielkema, Chair of EIOPA and Chair of the Joint Committee of the ESAs said: “The memorandum we signed demonstrates the strong commitment of Europe’s financial supervisors to working closely together to combat money laundering and terrorist financing—crimes that undermine social justice and the well-being of our communities. Uncovering companies that engage in or facilitate such activities demands serious effort and dedication. The ESAs stand ready to support AMLA with all the knowledge and information at our disposal so that it can exercise its new powers to ensure that these illicit activities do not go undetected or unpunished on our soil. We look forward to a productive and efficient EU-wide collaboration with AMLA to protect the integrity of the EU’s financial system and create a safer and fairer financial environment for all.”

    Bruna Szego, Chair of AMLA said: “This Memorandum marks an important step in delivering a risk focused and integrated European AML/CFT framework. Cooperation between AMLA and the ESAs is essential so that we support each other to effectively deliver on our respective mandates and work together for a safer and more resilient Europe . The fight against crime affects all sectors and we are stronger when we work together’.

    Legal background

    Article 91 of the AMLA Regulation requires AMLA to conclude a multilateral MoU with the ESAs by 27 June 2025, which would set out how the Authorities intend to cooperate in the performance of their tasks under Union law.

    About AMLA

    The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has the objective to transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs). AMLA will directly supervise the EU’s highest-risk financial institutions with significant cross-border exposure. It will exercise indirect supervision across both the financial and non-financial sectors, ensuring that national supervisors apply EU AML/CFT rules consistently and effectively.. AMLA coordinates the work of Financial Intelligence Units (FIUs) helping to improve the quality, consistency, and cross-border exchange of financial intelligence.  It complements EU AML/CFT rules by developing regulatory and implementing technical standards and issuing guidelines.

    About the ESAs

    The three European Supervisory Authorities (the EBA, EIOPA and ESMA) have the objective to protect the public interest by contributing to the short, medium, and long-term stability and effectiveness of the financial system, for the Union economy, its citizens, and businesses. The ESAs are tasked with developing and implementing a common regulatory framework and convergent supervisory practices across the EU.

    Through the Joint Committee, the ESAs regularly and closely coordinate their supervisory activities within the scope of their respective responsibilities to ensure consistency in their practices. The Joint Committee’s chairmanship rotates annually among the authorities. In 2025, the forum is chaired by EIOPA.

    MIL OSI Europe News –

  • MIL-OSI Europe: ESAs sign Memorandum of Understanding with AMLA for effective cooperation and information exchange

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.

    The multilateral MoU outlines how the ESAs and AMLA will exchange information with one another and cooperate in practice to perform their respective tasks in an efficient, effective and timely manner. The memorandum aims to promote supervisory convergence throughout the EU’s financial sector, enable the exchange of necessary information, and foster cross-sectoral learning and capacity building among supervisors in areas of mutual interest. It is part of the overall cooperation framework that AMLA is required to issue in relation to the financial sector and is an important component of the institutional arrangements going forward. 

    Petra Hielkema, Chair of EIOPA and Chair of the Joint Committee of the ESAs said: “The memorandum we signed demonstrates the strong commitment of Europe’s financial supervisors to working closely together to combat money laundering and terrorist financing—crimes that undermine social justice and the well-being of our communities. Uncovering companies that engage in or facilitate such activities demands serious effort and dedication. The ESAs stand ready to support AMLA with all the knowledge and information at our disposal so that it can exercise its new powers to ensure that these illicit activities do not go undetected or unpunished on our soil. We look forward to a productive and efficient EU-wide collaboration with AMLA to protect the integrity of the EU’s financial system and create a safer and fairer financial environment for all.”

    Bruna Szego, Chair of AMLA said: “This Memorandum marks an important step in delivering a risk focused and integrated European AML/CFT framework. Cooperation between AMLA and the ESAs is essential so that we support each other to effectively deliver on our respective mandates and work together for a safer and more resilient Europe . The fight against crime affects all sectors and we are stronger when we work together’.

    Legal background

    Article 91 of the AMLA Regulation requires AMLA to conclude a multilateral MoU with the ESAs by 27 June 2025, which would set out how the Authorities intend to cooperate in the performance of their tasks under Union law.

    About AMLA

    The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has the objective to transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs). AMLA will directly supervise the EU’s highest-risk financial institutions with significant cross-border exposure. It will exercise indirect supervision across both the financial and non-financial sectors, ensuring that national supervisors apply EU AML/CFT rules consistently and effectively.. AMLA coordinates the work of Financial Intelligence Units (FIUs) helping to improve the quality, consistency, and cross-border exchange of financial intelligence.  It complements EU AML/CFT rules by developing regulatory and implementing technical standards and issuing guidelines.

    About the ESAs

    The three European Supervisory Authorities (the EBA, EIOPA and ESMA) have the objective to protect the public interest by contributing to the short, medium, and long-term stability and effectiveness of the financial system, for the Union economy, its citizens, and businesses. The ESAs are tasked with developing and implementing a common regulatory framework and convergent supervisory practices across the EU.

    Through the Joint Committee, the ESAs regularly and closely coordinate their supervisory activities within the scope of their respective responsibilities to ensure consistency in their practices. The Joint Committee’s chairmanship rotates annually among the authorities. In 2025, the forum is chaired by EIOPA.

    MIL OSI Europe News –

  • MIL-OSI Europe: ESAs sign Memorandum of Understanding with AMLA for effective cooperation and information exchange

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.

    The multilateral MoU outlines how the ESAs and AMLA will exchange information with one another and cooperate in practice to perform their respective tasks in an efficient, effective and timely manner. The memorandum aims to promote supervisory convergence throughout the EU’s financial sector, enable the exchange of necessary information, and foster cross-sectoral learning and capacity building among supervisors in areas of mutual interest. It is part of the overall cooperation framework that AMLA is required to issue in relation to the financial sector and is an important component of the institutional arrangements going forward. 

    Petra Hielkema, Chair of EIOPA and Chair of the Joint Committee of the ESAs said: “The memorandum we signed demonstrates the strong commitment of Europe’s financial supervisors to working closely together to combat money laundering and terrorist financing—crimes that undermine social justice and the well-being of our communities. Uncovering companies that engage in or facilitate such activities demands serious effort and dedication. The ESAs stand ready to support AMLA with all the knowledge and information at our disposal so that it can exercise its new powers to ensure that these illicit activities do not go undetected or unpunished on our soil. We look forward to a productive and efficient EU-wide collaboration with AMLA to protect the integrity of the EU’s financial system and create a safer and fairer financial environment for all.”

    Bruna Szego, Chair of AMLA said: “This Memorandum marks an important step in delivering a risk focused and integrated European AML/CFT framework. Cooperation between AMLA and the ESAs is essential so that we support each other to effectively deliver on our respective mandates and work together for a safer and more resilient Europe . The fight against crime affects all sectors and we are stronger when we work together’.

    Legal background

    Article 91 of the AMLA Regulation requires AMLA to conclude a multilateral MoU with the ESAs by 27 June 2025, which would set out how the Authorities intend to cooperate in the performance of their tasks under Union law.

    About AMLA

    The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has the objective to transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs). AMLA will directly supervise the EU’s highest-risk financial institutions with significant cross-border exposure. It will exercise indirect supervision across both the financial and non-financial sectors, ensuring that national supervisors apply EU AML/CFT rules consistently and effectively.. AMLA coordinates the work of Financial Intelligence Units (FIUs) helping to improve the quality, consistency, and cross-border exchange of financial intelligence.  It complements EU AML/CFT rules by developing regulatory and implementing technical standards and issuing guidelines.

    About the ESAs

    The three European Supervisory Authorities (the EBA, EIOPA and ESMA) have the objective to protect the public interest by contributing to the short, medium, and long-term stability and effectiveness of the financial system, for the Union economy, its citizens, and businesses. The ESAs are tasked with developing and implementing a common regulatory framework and convergent supervisory practices across the EU.

    Through the Joint Committee, the ESAs regularly and closely coordinate their supervisory activities within the scope of their respective responsibilities to ensure consistency in their practices. The Joint Committee’s chairmanship rotates annually among the authorities. In 2025, the forum is chaired by EIOPA.

    MIL OSI Europe News –

  • MIL-OSI Europe: ESAs sign Memorandum of Understanding with AMLA for effective cooperation and information exchange

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.

    The multilateral MoU outlines how the ESAs and AMLA will exchange information with one another and cooperate in practice to perform their respective tasks in an efficient, effective and timely manner. The memorandum aims to promote supervisory convergence throughout the EU’s financial sector, enable the exchange of necessary information, and foster cross-sectoral learning and capacity building among supervisors in areas of mutual interest. It is part of the overall cooperation framework that AMLA is required to issue in relation to the financial sector and is an important component of the institutional arrangements going forward. 

    Petra Hielkema, Chair of EIOPA and Chair of the Joint Committee of the ESAs said: “The memorandum we signed demonstrates the strong commitment of Europe’s financial supervisors to working closely together to combat money laundering and terrorist financing—crimes that undermine social justice and the well-being of our communities. Uncovering companies that engage in or facilitate such activities demands serious effort and dedication. The ESAs stand ready to support AMLA with all the knowledge and information at our disposal so that it can exercise its new powers to ensure that these illicit activities do not go undetected or unpunished on our soil. We look forward to a productive and efficient EU-wide collaboration with AMLA to protect the integrity of the EU’s financial system and create a safer and fairer financial environment for all.”

    Bruna Szego, Chair of AMLA said: “This Memorandum marks an important step in delivering a risk focused and integrated European AML/CFT framework. Cooperation between AMLA and the ESAs is essential so that we support each other to effectively deliver on our respective mandates and work together for a safer and more resilient Europe . The fight against crime affects all sectors and we are stronger when we work together’.

    Legal background

    Article 91 of the AMLA Regulation requires AMLA to conclude a multilateral MoU with the ESAs by 27 June 2025, which would set out how the Authorities intend to cooperate in the performance of their tasks under Union law.

    About AMLA

    The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has the objective to transform the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision in the EU and enhance cooperation among financial intelligence units (FIUs). AMLA will directly supervise the EU’s highest-risk financial institutions with significant cross-border exposure. It will exercise indirect supervision across both the financial and non-financial sectors, ensuring that national supervisors apply EU AML/CFT rules consistently and effectively.. AMLA coordinates the work of Financial Intelligence Units (FIUs) helping to improve the quality, consistency, and cross-border exchange of financial intelligence.  It complements EU AML/CFT rules by developing regulatory and implementing technical standards and issuing guidelines.

    About the ESAs

    The three European Supervisory Authorities (the EBA, EIOPA and ESMA) have the objective to protect the public interest by contributing to the short, medium, and long-term stability and effectiveness of the financial system, for the Union economy, its citizens, and businesses. The ESAs are tasked with developing and implementing a common regulatory framework and convergent supervisory practices across the EU.

    Through the Joint Committee, the ESAs regularly and closely coordinate their supervisory activities within the scope of their respective responsibilities to ensure consistency in their practices. The Joint Committee’s chairmanship rotates annually among the authorities. In 2025, the forum is chaired by EIOPA.

    MIL OSI Europe News –

  • MIL-OSI Europe: ASIA/INDIA – Chemical factory explosion: Catholic Church calls for transparency and protection of workers’ dignity

    Source: Agenzia Fides – MIL OSI

    Syro malankara Church Telangana

    Hyderabad (Agenzia Fides) – “The explosion at a chemical factory in the state of Telangana once again raises the serious problem of exploitation and disregard for the dignity of workers. The victims are mostly poor people, members of tribal communities, migrant workers, and daily laborers, who are the most vulnerable. It will be necessary to examine whether there was negligence and whether the authorities and the company that owns the factory complied with all labor protection measures,” said Fr. Stephen Alathara, Deputy Secretary General and Spokesperson of the Catholic Bishops’ Conference of India (CCBI), in an interview with Fides following the explosion on June 30 in the Sangareddy district, north of Hyderabad, the capital of the Indian state of Telangana, which killed at least 40 workers and injured more than 35, many of them still in critical condition.The explosion caused the collapse of a three-story building managed by the pharmaceutical company Sigachi Industries Private Limited. In response to public outrage, the Telangana state government has promised 10 million rupees in compensation to the families of the deceased workers and 1 million rupees in compensation to the injured. Furthermore, a commission of inquiry, composed of experts and scientists, will be established today, July 3, to investigate the explosion. The commission will determine the causes and establish the sequence of events that led to the disaster.”The Indian Church has united in all communities to express its solidarity and to pray for the victims during daily Masses, as requested by the bishops,” Father Alathara told Fides. In an official statement, the Inter-Ritual Bishops’ Conference of India (CBCI) also expressed its “deep sadness and sorrow over the tragic explosion at a chemical factory in Telangana.” “Our condolences go out to the families who lost their loved ones in this sudden and devastating tragedy. We also pray for the speedy and full recovery of all those injured, and that the Lord grants strength and courage to their families and caregivers,” the Indian bishops said in a statement. Many of the victims, the bishops said, originally came from other states and were internal migrants who had come to Telangana to care for their families. The CBCI statement called for “a thorough and transparent investigation to shed light on the causes of the explosion and any deficiencies identified,” and pointed out that “the dignity of every human life and the right to a safe and secure working environment must be upheld as a moral and constitutional responsibility.” “It is necessary to review the labor laws that allow companies to exploit workers,” Father Alathara concluded. “And we must ensure that all the rules established by law were observed. Those who suffer are always the poorest, the defenseless, those who cannot even go to court, the migrants, the tribal people, the weakest. The Church is at their side to help them with all means and in every way.” (PA) (Agenzia Fides, 3/7/2025)
    Share:

    MIL OSI Europe News –

  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

  • PM Modi becomes first Indian Prime Minister to address Ghana’s Parliament, calls for stronger voice for Global South

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday became the first Indian Prime Minister to address a special session of Ghana’s Parliament, underlining India’s commitment to strengthening democratic values and championing the voice of the Global South in global governance.

    Addressing lawmakers, government officials and dignitaries in Accra, PM Modi said he brought with him the goodwill and greetings of 1.4 billion Indians as the representative of the world’s largest democracy.

    “For us, democracy is not merely a system; it is a part of our fundamental values,” the PM said, adding that true democracy promotes debate, discussion, dignity and human rights.

    Recalling the shared history of India and Ghana, both of which bear the scars of colonial rule, the Prime Minister said that despite this past, “our spirits have always remained free and fearless.”

    Quoting Ghana’s first President, Dr. Kwame Nkrumah, PM Modi said, “The forces that unite us are intrinsic and greater than the superimposed influences that keep us apart.” He stressed that the ideals of unity, peace and justice form the foundation of strong and enduring partnerships.

    The PM also noted that the post-World War II global order is changing rapidly, driven by technological revolutions, the rise of the Global South and shifting demographics. He called for credible and effective reforms in global governance, underlining that progress cannot be achieved without giving a stronger voice to emerging nations.

    Highlighting India’s presidency of the G20, PM Modi said the inclusion of the African Union as a permanent member was a step towards ensuring fair representation for Africa and the Global South.

    “Today, India is the fastest-growing emerging economy,” the Prime Minister said, describing the country as a hub for innovation and technology where global companies are keen to invest. He added that a strong India would contribute to a more stable and prosperous world.

    During his speech, PM Modi expressed gratitude to President John Dramani Mahama and the Ghanaian people for the national honour conferred upon him, calling it a symbol of the enduring friendship between the two nations.

    PM Modi praised Ghana’s vibrant parliamentary system and welcomed growing ties between the legislatures of both countries, including the establishment of the Ghana-India Parliamentary Friendship Society.

    Reaffirming India’s resolve to become a developed nation by 2047, the PM assured lawmakers that India would continue to stand “shoulder to shoulder with Ghana in its pursuit of progress and prosperity.”

    The session was convened by Ghana’s Speaker of Parliament, Alban Kingsford Sumana Bagbin, and marked a significant milestone in India-Ghana ties, reflecting shared democratic values and a commitment to deepening bilateral relations.

  • MIL-OSI Africa: Orange Middle East and Africa Releases its 2024 Corporate Social Responsibility (CSR) Report: “Cultivating Impact” for Inclusive and Sustainable Development

    Source: APO

    Orange Middle East and Africa (OMEA) (www.Orange.com) unveils its 2024 Corporate Social Responsibility (CSR) report. Entitled “Cultivating Impact”, the report illustrates Orange’s commitment to a sustainable, inclusive transformation grounded in the realities of the 17 countries in which the brand operates.

    A transformation rooted in usage, skills, and territories

    The report comes at a pivotal time for Africa and the Middle East, where digital, energy, economic and financial transitions are driving deep and progressive societal shifts. One clear guiding principle emerges: human-centered digital technology. It takes shape in everyday uses, built on access to resilient, optimized, and low-carbon digital infrastructure, and a strong commitment to the circular economy through the recovery, refurbishment, and recycling of network and mobile equipment allowing millions to fully experience the digital age, even in the most remote areas. This transformation is accelerated by solutions such as Max it, OMEA’s super-app as a new lever for inclusion, Orange Money and Orange Bank Africa for financial inclusion, and Orange Energies for energy inclusion.

    A commitment rooted in the realities of Africa and the Middle East

    Throughout the report, OMEA’s role as a key player in regional transformation is reflected in a clear and committed vision: a development model that combines economic performance with social responsibility. In the 17 countries where the Group operates, Orange works closely with local realities to meet the specific needs of each territory.
    Driven by its 18,000 employees, this shared ambition is embodied in the company’s operations and in the #OrangeEngageforChange program, which rallies employees around high-impact, socially driven projects. This culture of impact is also reflected in the millions of opportunities made available to youth, women, and entrepreneurs through free inclusion initiatives like the Orange Digital Centers, which have already trained and supported 1.2 million people. The company’s commitment also translates into concrete actions in health, culture, ecosystem preservation, and community resilience.

    Yasser Shaker, CEO of Orange Middle East and Africa, comments: “Cultivating impact means anchoring our mission in people’s daily lives by turning our commitments into meaningful, lasting actions. In 2025 we will continue, together, to accelerate this positive transformation to build a fairer, more inclusive, and more resilient future.”

    Asma Ennaifer, Executive Director, CSR, Orange Digital Center and Communications for Orange Middle East and Africa, concludes: “Our responsibility is to act in a way that is concrete, measurable, and aligned with local challenges. Every action we take only matters if it brings tangible progress for women, youth, entrepreneurs, and the communities we serve.”

    To discover and download Orange Middle East and Africa’s 2024 CSR report: Rapport RSE OMEA 2024 – EN (https://apo-opa.co/4lGtGzz)

    Distributed by APO Group on behalf of Orange Middle East and Africa.

    MIL OSI Africa –

  • MIL-OSI Africa: African Development Bank awards $1 million grant to support green skills development for South Africans, with focus on youth

    Source: APO

    The African Development Bank (www.AfDB.org), through the Fund for African Private Sector Assistance (FAPA), has awarded a $1 million grant to South Africa’s National Business Initiative (NBI) to strengthen efforts to build a dynamic, demand-led skills ecosystem that enables South Africans, particularly young people, to access emerging job opportunities in the green economy. 

    South Africa continues to face significant challenges in youth employment, with StatisticsSA (http://apo-opa.co/3I92YRD) reporting that 46.1% of young people aged 15 to 34 were unemployed in the first quarter of 2025.

    The funding will support the country’s Just Energy Transition Skilling for Employment Programme (JET SEP), led by the National Business Initiative in partnership with the management consultancy Boston Consulting Group. The initiative coordinates private sector efforts to prepare the workforce for the energy transition, in tandem with the government’s JET Skilling Implementation Plan, focused on inclusive workforce development and sustainable job creation. 

    Specifically, the grant will finance the programme’s first phase, including feasibility studies for the design of skills development zones and capacity building within the public technical and vocational education and training system.  Skills development zones will anchor the delivery of inclusive skills and foster local economic growth during the country’s just-energy transition.

    Launched in 2024 and endorsed by the JET Project Management Unit under the presidency of the Government of South Africa, JET SEP has garnered support from over 30 influential South African CEOs, public sector leaders, and civil society leaders in the past year.   

    Of the grant, Kennedy Mbekeani, African Development Bank Director General for Southern Africa, said: “By linking a strong private sector coalition – the engine for job creation – with government, academia, and NGOs, the FAPA grant will play a catalytic role to support informed policy decisions in skills development and labour market programmes. It will also strengthen skills development efforts for the growth of the Micro, Small and Medium Enterprises and the creation of jobs for youth in South Africa’s green economy.”   

    The grant builds on the African Development Bank’s significant investment in South Africa’s energy sector. Since 2007, the Bank has invested $3.4 billion to support energy infrastructure, including renewable energy. The current grant will support the government’s efforts to identify the skills needed for the sector, with a particular focus on renewable energy.

    Shameela Soobramoney, CEO of the National Business Initiative, said: “This grant from the African Development Bank is a critical step toward turning vision into action, strengthening the national skills system, and ensuring that all South Africans are equipped to seize new opportunities in the green economy. We are proud to continue working alongside our partners and stakeholders to build an inclusive future-ready workforce and to stimulate local economies in a way that leaves no one behind.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact:
    African Development Bank    :
    Emeka Anuforo,
    Communication and External Relations Department,
    media@afdb.org  

    NBI:
    Siphokuhle Mkancu, 
    IRM Engagement & Communications Manager:
    Economic Inclusion,
    SiphokuhleM@nbi.org.za,
    +27 76 1292 511 

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Africa: Parliamentary Vice-Minister for Foreign Affairs ERI’s attendance at the symposium “Empowering Lesotho: Unlocking Finance to Drive the Energy Transition in a Land-Locked Developing Country”

    Source: APO


    .

    On July 3rd, Ms. ERI Arfiya, Parliamentary Vice Minister for Foreign Affairs, attended the symposium “Empowering Lesotho: Unlocking Finance to Drive the Energy Transition in a Land-Locked Developing Country”, co-hosted by the United Nations University and the Embassy of Lesotho in Japan, with the presence of the H.M. Letsie III, King of the Kingdom of Lesotho and H.M. Queen Masenate Mohato Seeiso, who are in Japan to participate in the National Day events of the Osaka-Kansai Expo. She delivered a speech on behalf of the Ministry of Foreign Affairs. The outline of the speech is as follows.

    1. At the outset, Parliamentary Vice-Minister ERI welcomed the visit of H.M. Letsie III and H.M. Queen Masenate Mohato Seeiso to Japan, and stated that, since the establishment of diplomatic relations in 1971, Japan and Lesotho have built cordial relations through cooperation in areas such as food security, renewable energy, education, and health.
    2. Parliamentary Vice-Minister ERI mentioned Japan’s goal of achieving carbon neutrality by 2050 and expressed her hope to work with Lesotho, which is actively promoting the transition to renewable energy by leveraging its abundant water resources and high-quality renewable energy resources, to lead global efforts for climate change measures and promote economic development.
    3. Parliamentary Vice-Minister ERI mentioned that the 9th Tokyo International Conference on African Development (TICAD 9) will be held in Yokohama in August this year, and concluded her remarks by expressing her hope to take this opportunity to create innovative solutions that will lead to the prosperity of both Japan and Africa by leveraging Japanese technology and expertise on various topics including the renewable energy sector, which was discussed in this symposium.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs of Japan.

    MIL OSI Africa –

  • MIL-OSI Africa: Promoting inclusive regional trade: Economic Community of West Africa States (ECOWAS) mobilises stakeholders along the Abidjan–Lagos corridor to support women traders

    Source: APO


    .

    The ECOWAS Commission launched on Monday in Abidjan the third edition of its regional information and awareness campaign for small-scale cross-border women traders along the Abidjan–Lagos corridor. This initiative, which will run until 15 July 2025, aims to strengthen women’s economic participation in regional trade by improving their access to information, training, and a safer trading environment.

    The Department of Human Development and Social Affairs and the Department of Economic Affairs and Agriculture of the ECOWAS Commission are co-organising the third edition of the Information and Awareness Campaign for small-scale cross-border women traders along the Abidjan–Lagos corridor, from 30 June to 15 July 2025.

    The objective of this campaign is to build on the achievements and results of the 2023 and 2024 editions conducted along the Tema–Paga and Dakar–Banjul–Bissau corridors, in order to facilitate cross-border trade and improve operations for small-scale women traders by strengthening their knowledge and understanding of the regulations governing cross-border trade and related regional initiatives.

    As part of the implementation of this campaign, an official launch ceremony—co-chaired by the Minister of Trade and Industry and the Minister of Women, Family and Children—was held on 30 June 2025 at the NOOM Hotel in Abidjan. The ceremony was graced by the effective participation of H.E. Mrs. Massandjé TOURE-LITSE, ECOWAS Commissioner for Economic Affairs and Agriculture.

    The official launch of the information and awareness campaign was preceded by a public Town Hall meeting focused on raising awareness about ECOWAS cross-border trade policies and strategies, capacity building for women traders, the toolkit designed for small-scale cross-border women traders (border transparency and the fight against gender-based violence), and GIZ initiatives to boost intra-regional agri-food trade, improve coordination of regional policies, strengthen economic integration, and ensure food security.

    The launch event also saw the participation of the ECOWAS Resident Representative in Côte d’Ivoire, the ECOWAS National Office in Côte d’Ivoire, the Abidjan Chamber of Commerce, representatives of associations of small-scale cross-border women traders, and technical and financial partners.

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

    MIL OSI Africa –

  • MIL-OSI: Riot Announces June 2025 Production and Operations Updates

    Source: GlobeNewswire (MIL-OSI)

    CASTLE ROCK, Colo., July 03, 2025 (GLOBE NEWSWIRE) — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers for high performance compute and bitcoin mining applications, announces unaudited production and operations updates for June 2025.  

    Bitcoin Production and Operations Updates for June 2025

               
            Comparison (%)
    Metric June 20251 May 20251 June 20241 Month/Month Year/Year
    Bitcoin Produced 450 514 255 -12% 76%
    Average Bitcoin Produced per Day 15.0 16.6 8.5 -10% 76%
    Bitcoin Held2 19,273 19,225 9,334 0% 106%
    Bitcoin Sold 397 500 – -21% N/A
    Bitcoin Sales – Net Proceeds $41.7 million $51.3 million – -19% N/A
    Average Net Price per Bitcoin Sold $105,071 $102,591 N/A 2% N/A
    Deployed Hash Rate – Total2 35.5 EH/s 35.4 EH/s 22.0 EH/s 0% 62%
    Avg. Operating Hash Rate – Total4 29.8 EH/s 31.5 EH/s 11.4 EH/s -5% 162%
    Power Credits5 $3.8 million $0.6 million $4.2 million 549% -11%
    Demand Response Credits6 $1.8 million $1.7 million $0.5 million 6% 247%
    Total Power Credits $5.6 million $2.3 million $4.8 million 141% 18%
    All-in Power Cost – Total7 3.4c/kWh 3.8c/kWh 2.7c/kWh -11% 25%
    Fleet Efficiency2 21.2 J/TH 21.2 J/TH 25.8 J/TH -0% -18%
               
    1. Unaudited, estimated.
    2. As of month-end.
    3. Includes 3,300 in restricted bitcoin.
    4. Average over the month.
    5. Estimated power curtailment credits.
    6. Estimated credits received from participation in ERCOT and MISO demand response programs.
    7. Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.

    “Riot mined 450 bitcoin in June, which also represented the start of ERCOT’s Four Coincident Peak (“4CP”) program,” said Jason Les, CEO of Riot. “Riot’s power strategy, which includes economic curtailment and voluntary participation in the 4CP and other demand response programs, significantly contribute to grid stability while enhancing Riot’s competitive positioning.”

    Human Resources Update

    Riot is currently recruiting for positions across the Company. Join our team in building, expanding, and securing the Bitcoin network.  

    Open positions are available at: https://www.riotplatforms.com/careers.

    About Riot Platforms, Inc.   

    Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.   

    Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.

    For more information, visit www.riotplatforms.com.   

    Safe Harbor   

    Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements relating to the Company’s development at its Corsicana Facility and the Company’s plans, projections, objectives, expectations, and intentions about future events and trends that it believes may affect the Company’s financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: risks related to the Company’s growth, the anticipated demand for AI/HPC uses, the feasibility of developing the Company’s power capacity for AI/HPC uses, competition in the markets in which the Company operates, market growth, the Company’s ability to innovate and expand into new markets, the Company’s ability to realize benefits from its implementation of new strategies into its business, estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; our access to electrical power; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; our megawatt capacity under development; risks related to the Company’s inability to realize the anticipated benefits from immersion cooling; the inability to integrate acquired businesses successfully, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; or the failure of the Company to otherwise realize anticipated efficiencies and strategic and financial benefits from our business strategies. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.   
      
    Investor Contact:   
    Phil McPherson   
    303-794-2000 ext. 110   
    IR@Riot.Inc   
      
    Media Contact:   
    Alexis Brock   
    303-794-2000 ext. 118    
    PR@Riot.Inc

    The MIL Network –

  • MIL-OSI United Kingdom: ‘Aberdeen welcomed me when I needed it most’: Eissa’s resilience sees him graduate Eissa Hassan’s journey to graduation has been more challenging than most.

    Source: University of Aberdeen

    Eissa has faced many challenges in his journey to graduation

    Eissa Hassan’s journey to graduation has been more challenging than most.
    After leaving his home in Yemen, the 28-year-old arrived in the UK, determined not to be defined by his past, but his future.
    Eissa explains: “Arriving in the UK as a refugee with nothing but hope, with limited resources, I faced the daunting task of rebuilding my life from the ground up. I sought a place that didn’t just offer education – but transformation.
    “I chose the University of Aberdeen because it embodies opportunity and growth. This institution opened its doors to me at a time I needed it most, nurturing my potential and empowering me to turn hardship into leadership. This University welcomed me with open arms and gave me not just an education, but a community and a future.
    “Entering this new academic environment felt like stepping into a world vastly different from anything I had known. I confronted self-doubt about my ability to integrate and succeed. As a refugee adjusting to unfamiliar cultural and educational norms, I grappled with feelings of uncertainty and isolation.
    “However, this initial apprehension gave way to resilience. Through daily engagement, academic challenges and support from the University community, I began to adapt and grow. This period marked a critical turning point, affirming my capacity to overcome adversity, embrace new opportunities and commit myself to lifelong learning and personal development.”

    Where we begin does not define where we can go” Eissa Hassan

    While studying for his degree in Business Management, Eissa was able to pursue not only his academic passions, but learn more about himself and what he wanted for his future.
    He continues: “Studying Business Management has been both academically enriching and personally empowering. I had the privilege of representing youth voices on climate justice globally, coordinate sustainability programmes and lead community events – all while balancing my studies.
    “One of the most meaningful highlights was working with climate and refugee networks across the UK and internationally, turning my lived experience into leadership. Of course, there were challenges – financial pressure, culture shock and grief after losing my mother, who passed away four months after I arrived in Aberdeen. But I found strength in my purpose and support from peers and staff who believed in me. Aberdeen gave me more than a degree; it gave me the platform to become the change I want to see in the world.”
    His journey has not been easy, but with resilience and support from the University community, Eissa is proud to be celebrating his hard work at his graduation.
    “Graduating fills me with profound gratitude and heartfelt reflection. This milestone represents not only the culmination of my academic journey but also the resilience required to overcome significant challenges. It reaffirms my belief that where we begin does not define where we can go and honours the sacrifices of my late mother. She was such an important part of my life and her dream was always to see me succeed. I was always trying to make her proud and happy and in the end, I feel like she succeeded.
    “This achievement is a testament to the power of perseverance, reminding me of my potential and the meaningful impact that dedication and determination can create. My future aspirations are to advance my work in climate justice, with a particular focus on supporting vulnerable communities disproportionately impacted by climate change. I look forward to leading with purpose, guided by the lessons of my past and hope for the future.”

    MIL OSI United Kingdom –

  • MIL-OSI: As MicroStrategy Buys More BTC, Robinhood Launches Perpetuals, SunnyMining Launches Free Cloud Mining Service

    Source: GlobeNewswire (MIL-OSI)

    Chicago, Illinois, July 03, 2025 (GLOBE NEWSWIRE) — As the global crypto industry enters a new upward cycle, both capital and platforms are accelerating their expansion. Institutional giant MicroStrategy has made a bold move by investing $700 million to acquire 11,900 bitcoins, further reinforcing its leadership in the digital asset space. Meanwhile, Robinhood is expanding its crypto services with the launch of perpetual contracts and staking features, offering retail investors more trading options. In response, cloud mining platform SunnyMining has introduced a free cloud mining plan, allowing new users to effortlessly begin earning daily crypto income—no hardware or upfront cost required.
    Free cloud contract, the real starting point for users to benefit sustainably
    SunnyMining launches free cloud mining contracts for new users, and you can get $15 cloud computing power reward by registering. Unlike some platforms that are limited to experience or have hidden thresholds, all the income of SunnyMining can be directly withdrawn, truly allowing users to start the road of daily crypto passive income with zero investment and zero threshold.

    SunnyMining Core Product Features
    SunnyMining is committed to creating a safe, efficient and flexible cloud mining experience for all types of crypto investors. The core advantages of the platform include:

    Multiple security protections: Integrate McAfee® and Cloudflare® technologies to fully protect account and asset security;

    Zero hidden fees: No management fees, no platform fees, all profits belong to users;

    System stability: The platform’s normal operation rate reaches 99.9%, providing 7×24 hours of technical support;

    Smart multi-currency mining: Supports mainstream currencies such as BTC, LTC, XRP, and the system automatically schedules the highest profit path;

    Daily automatic settlement: The income is distributed to the account every day, and withdrawals are supported at any time without lock-up restrictions.

    How to quickly start SunnyMining free cloud mining
    Register an account: Visit SunnyMining and enter your email address to quickly register;

    Get rewards: After successful registration, the system automatically issues $15 of free cloud computing power;

    Automatic operation and income: After selecting the contract, the system will start mining, and the income will be automatically settled every day, which can be viewed and withdrawn in real time.

    Flexible contract example:

    contract Investment Amount cycle Total income
    New Learner Experience Contract $100 2 Day $100 + $8
    Genesis Contract Plan I $600 7 Day $600 + $54.6
    Genesis Contract Plan II $1,200 10 Day $1,000 + $160.8
    Enhanced Contract Plan I $5,000 22 Day $5,000 + $1,584
    Enhanced Contract Plan II $8,000 27 Day $8000 + $3218
    Enhanced Contract Plan III $12000 35 Day $12000 + $6468
    Advanced Contract Plan I $23,000 42 Day $23,000 + $15,359

    For more contract details, please visit https://www.sunnymining.com. After the contract expires, users can freely renew or upgrade to ensure continuous and stable income.

    Why choose SunnyMining?
    Whether you are a crypto novice or an experienced user, SunnyMining provides a solution that does not require hardware, is easy to operate, and has clear benefits. The platform takes care of equipment operation and energy management, and users can focus on the benefits themselves. At the same time, intelligent computing power scheduling and multi-currency support further amplify the potential for benefits. SunnyMining also actively promotes green mining practices and promotes cloud mining towards a compliant and sustainable development path.

    Future Outlook
    SunnyMining’s free cloud mining plan is an innovation in the traditional mining threshold and a positive response to the democratization trend of digital assets. Through automated systems, multi-currency support and user-friendly interfaces, SunnyMining is committed to making it easy for everyone to participate in the digital economy and share the global crypto dividends. As the market continues to develop, SunnyMining is leading cloud mining towards a more open, stable and environmentally friendly future.

    Download the mobile app: https://sunnymining.com/download
    Visit the official website: https://www.sunnymining.com
    Email: info@sunnymining.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 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 United Kingdom: Standing up for the most vulnerable in society

    Source: Liberal Democrats UK

    Rushed legislation is poor legislation. 

    It should not have taken a major rebellion for the Government to realise that these cuts would cause immense damage to some of the most vulnerable and risk creating a false economy by actually forcing some people out of work.

    To appease their own backbenches, the Government was willing to create a two-tier system, with new Personal Independent Payment (PIP) claimants unable to access the same support as those currently receiving it – only scrapping these plans at the final moment.

    PIP allows people to do the simple activities we all take for granted and stay in work. Cutting it will push more people into poverty and out of employment.

    Liberal Democrats will continue to oppose any system where some disabled people are more equal than others.

    It’s clear that the welfare bill is too high, but if the Government was serious about cutting welfare spending it would get serious about fixing health and social care, to tackle chronic ill-health at its root.

    Carers have been ignored by the Government throughout this whole debacle. Their voices must now be heard loud and clear. Ministers must ensure that this review listens carefully to both carers’ charities to understand the impact these changes will have, on family carers.

    The scale of this week’s rebellion shows that the Government is just not listening, and not delivering on the change that people are crying out for. 

    It is time for the Government to take their fingers out of their ears and realise it is time to change course. They must scrap this flawed legislation, go back to the drawing board, and work cross-party to fairly reduce the need for high welfare spending, by getting more people into work and fixing our broken health and care systems. 

    And when it comes to balancing the books, rather than cutting support for disabled people, ministers should be asking the social media giants, the big banks and the big online gambling companies to pay their fair share of tax.

    Image: ©House of Commons

    MIL OSI United Kingdom –

  • MIL-OSI: Rate Gears Up for Hyak Motorsports at Grant Park 165 with Ricky Stenhouse Jr Behind the Wheel

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 03, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, is hitting the track this weekend with Hyak Motorsports, sponsoring driver Ricky Stenhouse Jr at the Grant Park 165. As part of the growing Rate Racing initiative, the event marks another high-speed moment where Rate’s passion for excellence meets hometown pride.

    “I’m excited to light up the streets of Chicago and represent Rate in front of their hometown crowd,” said Ricky Stenhouse Jr.

    The Grant Park 165 is a key milestone in Rate’s broader push to connect with customers through partnerships that mirror its core values: speed, precision, and high performance. The Hyak Motorsports collaboration builds on that foundation, blending the excitement of racing with the company’s relentless drive to innovate and compete at the highest level.

    “At Rate, we partner with people who play to win. They move fast, take smart risks, and stay locked in on performance,” said Victor Ciardelli, CEO of Rate. “That’s exactly what Ricky Stenhouse Jr and Hyak Motorsports bring to the track. This partnership is built on a shared mindset, whether it’s winning a race or helping someone win a home.”

    All Eyes on Chicago This Weekend
    This weekend’s Chicago Street Race, running July 5–6, brings together top-tier talent, high-performance engineering, and brand-backed momentum. As part of Hyak Motorsports’ race advance, fans can expect a dynamic showing from the team, fueled in part by Rate’s sponsorship and the driving force of Ricky Stenhouse Jr.

    With deep experience and leadership from Hyak Motorsports VP of Sales & Marketing Todd Carte, the team is primed for a standout appearance on one of the most iconic road courses in the country. The partnership with Rate not only brings added visibility but also reinforces Hyak’s ongoing mission to build strategic alliances that elevate motorsport culture and fan engagement.

    More information on Hyak Motorsports can be found at www.hyakmotorsports.com.

    Event Overview
    Event: Grant Park 165
    Time/Date: 2 PM ET on Sunday, July 6
    Location: Chicago Street Course
    Layout: 2.2-mile, 12-turn street course
    Format: 165 miles / 75 laps | Stages: 20 / 45 / 75
    TV/Radio: TNT / MRN / SiriusXM NASCAR Radio

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years. Visit rate.com for more information.

    About Hyak

    Hyak Motorsports is a race-winning NASCAR team co-owned by Gordon Smith, Ernie Cope, Mark Hughes, and Brad Daugherty as of Nov. 18, 2023. The Harrisburg, North Carolina-based organization won the 2023 Daytona 500 with driver Ricky Stenhouse Jr and has accumulated two other wins in the NASCAR Cup Series. For more information, please visit the newly rebranded team at HyakMotorsports.com and on social at Facebook, Instagram, X and LinkedIn.

    Media Contact

    press@rate.com

    The MIL Network –

  • MIL-OSI Russia: Transport links open up new prospects for expanding trade between SCO member countries

    Translation. Region: Russian Federal

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

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

    TIANJIN, July 3 (Xinhua) — Since late June, 29 trainee drivers from Kazakhstan have been undergoing immersive training in the northern Chinese city of Tianjin to master their light rail transit (LRT) driving skills.

    The three-month program, led by Tianjin Rail Transport Corporation, will feature technical solutions for the installation and commissioning of equipment systems, response to adverse weather conditions, equipment procurement and line reconstruction in the first phase of the Astana LRT project in Kazakhstan.

    As stated by the general director of the consulting company of this corporation Wang Qingyun, instead of simply copying the Chinese experience, the team carefully studied the operating conditions and special requirements of Astana, and developed individual training programs and materials.

    Transport has always been a key area of cooperation among the Shanghai Cooperation Organization (SCO) countries. From Tuesday to Wednesday, Tianjin hosted the high-level meeting of the Global Sustainable Transport Forum and the 12th SCO Transport Ministers’ Meeting, where officials from different countries jointly discussed cooperation opportunities and promoted regional connectivity.

    Many Central Asian countries, being deeply continental states, have gained access to the seas and new trade routes thanks to the created and constructed “transport corridors”, which have become a “new engine” for industrial cooperation and economic development.

    On June 30, the first China-Europe train, running along the trans-Caspian route, departed from Beijing to the capital of Azerbaijan, Baku. Transportation of goods from Beijing to Baku involves the use of the multimodal method “railway – sea – rail”. The goods will cover a distance of more than 8 thousand km and arrive in Baku in 15 days.

    “The launch of such a train has created a more convenient and efficient international logistics channel for enterprises in Beijing and surrounding areas, which will effectively promote trade cooperation between China and Azerbaijan and other countries,” said Wang Dong, from the logistics center of the Beijing branch of China State Railway Corporation.

    Last year, Azerbaijan received more than 350 trains from Chinese cities as part of the China-Europe international rail transport. These shipments constantly contribute to the modernization and expansion of trade corridors, said Fariz Aliyev, an official at the Azerbaijani Ministry of Digital Development and Transport.

    China-Europe freight trains have become a clear example of China’s deepening transport links with other SCO countries. According to the Ministry of Transport of China, a total of 19,000 China-Europe trains passed through SCO countries and regions in 2024, up 10.7 percent from the previous year. The region’s transport network is becoming increasingly interconnected.

    Vice Minister of Transport Li Yang assured that China will continue to interact with the world and keep pace with the times, consistently promote global transport cooperation based on the principles of “joint consultation, joint construction and joint use,” and provide new opportunities for the world through its own development. -0-

    MIL OSI Russia News –