Category: Business

  • MIL-OSI: BexBack Launches Limited-Time $50 Welcome Bonus and 100% Deposit Match for New Crypto Futures Traders

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 28, 2025 (GLOBE NEWSWIRE) — BexBack, a rapidly growing crypto derivatives exchange, has announced a limited-time promotional campaign offering new users a $50 welcome bonus and a 100% deposit match when they join the platform. Amid renewed volatility in the crypto market, the campaign aims to help retail traders take advantage of 100x leveraged futures trading with zero KYC requirements. The offer is available now for a short window, providing users with an accessible, high-reward opportunity to capitalize on market momentum.

    Whether you’re aiming to capitalize on Bitcoin’s price swings or tap into the momentum of emerging altcoins, BexBack empowers every trader with institutional-grade tools and unmatched promotional offers.

    Why 100x Leverage Matters in Today’s Market

    In times of uncertainty, leverage transforms small price moves into big opportunities. With 100x leverage, traders can:

    • Multiply Profit Potential: Open positions worth 100x your initial margin, significantly amplifying gains.
    • Maximize Capital Efficiency: Put less in, get more out. Keep the rest of your capital flexible.
    • Trade Both Directions: Go long or short. Make profits whether prices rise or fall.
    • Respond Quickly: High-frequency opportunities become viable with minimal capital.
    • Level the Playing Field: Retail traders now have access to strategies once reserved for institutions.

    A Real Example: How 100x Leverage Boosts ROI

    Let’s say Bitcoin is priced at $100,000. You open a long position with 1 BTC using 100x leverage—equivalent to $10 million in market exposure. If BTC rises to $105,000:

    • Your profit is 5 BTC, or 500% ROI on your initial margin.
    • With BexBack’s 100% deposit bonus, your trading power doubles, potentially increasing that profit to 10 BTC—a 1000% return.

    Note: Leverage can amplify both gains and losses. Always manage risk wisely.

    How the BexBack Bonuses Work

    • 100% Deposit Bonus: Double your margin power. The bonus is credited to your account and usable for trading and loss coverage.
    • $50 Welcome Bonus: New users who make their first deposit (More than 100 USDT or 0.001 BTC) and trade within 7 days will receive an instant $50 credit in their USDT-M account.
    • No KYC Required: Sign up, deposit, and start trading within minutes—no complex verification needed.

    Why Choose BexBack?

    BexBack is a next-generation crypto derivatives exchange trusted by over 500,000 global traders, offering futures contracts on BTC, ETH, XRP, ADA, SOL, and 50+ top assets. With headquarters in Singapore and operations in Hong Kong, Japan, the U.S., the U.K., and Argentina, BexBack is fully licensed with a U.S. MSB (Money Services Business) registration.

    Key Highlights:

    • 100x Leverage across all major cryptocurrencies
    • 100% Deposit Bonus with no hidden fees
    • $50 Welcome Bonus for new users
    • No KYC Required — Privacy-first trading
    • Zero Deposit Fees — Keep more of your crypto
    • Demo Account with 10 BTC for practice
    • No Spread, No Slippage — Just precise execution
    • Available Worldwide, including the U.S., Canada, and Europe
    • 24/7 Multilingual Support — Real humans, real fast
    • Up to 50% Commission for Affiliates — Invite & earn

    Join the Next Wave of Crypto Success

    The crypto market waits for no one. If you missed the last bull run, now is the time to get ahead. With BexBack’s cutting-edge features and unbeatable offers, every trader—from beginner to pro—can trade like a whale.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4a986727-71d0-4c8b-9443-a773107d101f
    https://www.globenewswire.com/NewsRoom/AttachmentNg/db119e10-fe18-4d72-8454-47b686fc6bad
    https://www.globenewswire.com/NewsRoom/AttachmentNg/126f6d03-b53d-45d0-b3a1-884e1d0294b5
    https://www.globenewswire.com/NewsRoom/AttachmentNg/0e1312b5-f75e-4566-b309-315fd75bc1ed

    The MIL Network

  • MIL-OSI: PFMCrypto Launches 2-Day XRP Cloud Mining Contracts See Unprecedented Demand

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 28, 2025 (GLOBE NEWSWIRE) — As XRP edges closer to a major price breakout, investors are flocking to leading AI-driven cloud mining platform PFMCrypto, drawn by surging demand for its newly launched XRP mining contracts. Market analysts anticipate a bullish phase for XRP, and PFMCrypto’s innovative solution offers investors a low-barrier, high-efficiency way to capitalize on the expected upside.

    [Click here to explore PFMCrypto]

    Why PFMCrypto’s XRP Mining Is Gaining Massive Traction
    While XRP’s market performance continues to dominate headlines, PFMCrypto has emerged as a game-changer in the XRP ecosystem by offering AI-optimized cloud mining contracts with flexible terms and stable returns. The platform eliminates the need for expensive hardware, making XRP mining accessible to both seasoned investors and beginners alike.
    Within just a few weeks of launch, demand for PFMCrypto’s short-term XRP mining contracts has soared. User registration has jumped by over 380%, with 2-day, 5-day, 15-day, and 30-day contracts proving especially popular among those looking to maximize gains ahead of XRP’s anticipated surge.

    PFMCrypto’s XRP Mining Contracts — Flexible, Daily-income
    The platform offers over 10 different XRP mining contract options, allowing users to select plans that match their budget and financial objectives:
    $100 XRP Plan – 2-Day Term – Earn $3.00 per day (plus a $2 bonus)
    $1,000 XRP Plan – 9-Day Term – Earn $13.10 per day
    $5,000 XRP Plan – 30-Day Term – Earn $78.50 per day
    $10,000 XRP Plan – 40-Day Term – Earn $180.00 per day
    Unlike speculative investments, PFMCrypto’s AI-driven mining model delivers consistent daily income, with full capital refunded at the end of each contract—offering both liquidity and capital protection.

    [Click here to explore more mining contracts]

    What Makes PFMCrypto Stand Out in XRP Mining
    – No Hardware Required: Users can rent industrial-grade hash power from PFMCrypto’s network with zero setup or equipment.
    – Zero Maintenance Costs: All electricity, repairs, and operational overhead are fully covered by PFMCrypto.
    – Beginner-Friendly: No tech knowledge needed. Users simply register and select a plan. New users receive a $10 welcome bonus instantly.
    – Daily Withdrawals & Capital Protection: Daily earnings can be withdrawn anytime, and the initial investment is fully refunded at contract maturity—ensuring both potential profits and safety.

    A Trusted Leader in Cloud Mining
    Since 2018, PFMCrypto has served over 9.2 million users across 192 countries and regions, offering cloud mining services for BTC, ETH, LTC, DOGE, and SOL. The launch of XRP mining contracts further strengthens its position as the platform of choice for crypto investors seeking low-risk, high-reward opportunities.

    How to Start XRP Mining with PFMCrypto
    1. Register – Sign up to receive a $10 welcome bonus and daily login rewards.
    Click here to register an account.
    2. Choose a Plan – Choose a mining contract that meets each user’s investment goals.
    3. Earn Passively – Let PFMCrypto’s AI-powered system handle the mining and optimize returns.
    With XRP’s breakout around the corner, PFMCrypto offers a perfect entry point to profit from the upside—without the complexity of traditional mining.

    About PFMCrypto
    Founded in 2018, PFMCrypto is an AI-powered cloud mining platform that removes technical and financial barriers to crypto mining. Committed to transparency, ease of use, and capital protection, PFMCrypto offers one of the most scalable and reliable mining ecosystems in the crypto space.
    Learn more and join now: https://pfmcrypto.net   

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f8068879-60eb-46a9-990e-f11d6f3d65ef

    The MIL Network

  • MIL-OSI Africa: Afreximbank Appoints Dr. George Elombi as Next President

    The shareholders of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. He becomes the fourth President to lead the Bank since its establishment in 1993.

    His appointment was one of the key decisions of the 32nd Afreximbank group annual meetings and associated events held in Abuja, Nigeria, from 25 to 28 June, with the formal annual general meeting of shareholders taking place on Saturday, 28 June 2025.

    He succeeds Professor Benedict Oramah, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September 2025.

    A Cameroonian national, George Elombi has been with Afreximbank since 1996, joining as a Legal Officer. He rose through the ranks to become Executive Vice President, Governance, Legal and Corporate Services. Over his nearly three decades at the Bank, he has served as Director and Executive Secretary (2010–2015); Deputy Director, Legal Services / Executive Secretary (2008–2010); Chief Legal Officer (2003–2008); and Senior Legal Officer (2001–2003). 

    Prior to joining Afreximbank, he taught law at the University of Hull, United Kingdom.

    Dr. Elombi played a pivotal role in establishing Afreximbank group’s structure, including the formation of key subsidiaries that have expanded the Bank’s capacity to deliver on its mandate. As Chair of the Emergency Response Committee, he led the Bank’s response to the COVID-19 crisis, mobilising over $2 billion for vaccine acquisition and deployment across African and Caribbean nations. Under his supervision of the Equity Mobilisation and Investor Relations department, the Bank’s total ordinary equity mobilised amounted to USD 3.6 billion as at April 2025. 

    In his acceptance speech, Dr. Elombi expressed a deep commitment to the Bank’s mission and future, stating:

    “I have worked alongside remarkable colleagues and extraordinary leaders to help shape this institution’s vision, its mandate as well as its growth. As we look to the future, I see Afreximbank as a force for industrialising Africa and for re-gaining the dignity of Africans wherever they are. I will work to preserve this important asset.”

    He accepted the shareholders’ desire as expressed by his predecessor to make the institution a US$250 billion bank in ten years.

    Dr. George Elombi holds a Master of Laws (LL.M.) from the London School of Economics, University of London, and a Ph.D. in commercial arbitration from the same university. He obtained a ‘Maitrise-en-Droit’ from the University of Yaoundé in 1989.

    His appointment followed a rigorous selection process initiated in January 2025, which included a global call for applications published in international media and on the Afreximbank website. Shortlisted candidates were interviewed by an international human resource executive search firm. The top candidates were presented to the Board of Directors, which recommended Dr. Elombi to the General Meeting of Shareholders for final approval.

    Under the Afreximbank Charter, a president is appointed by the general meeting of shareholders upon the recommendation of the Board of Directors for a term of five years, renewable once.

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

    Follow us on:
    Twitter
    Facebook
    LinkedIn
    Instagram

    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

    MIL OSI Africa

  • MIL-OSI: Bitcoin Solaris Presale Crosses $5M as Mobile Mining App “Solaris Nova” Nears Release

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 28, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S) has officially passed $5 million in presale funding as it prepares to launch its groundbreaking mobile mining application, Solaris Nova. The app—designed to let anyone mine BTC-S with just a smartphone—is expected to unlock access for thousands of new users globally. With less than six weeks until token launch and growing community buzz, Bitcoin Solaris is positioning itself as one of the most inclusive and high-performance blockchain ecosystems of 2025.

    Bitcoin Solaris: Core Features Driving Adoption

    Bitcoin Solaris introduces a new standard in accessibility and financial empowerment.
    The upcoming Solaris Nova app will introduce mobile-first mining to millions who have been priced out of traditional crypto. You won’t need a mining rig or technical know-how—just your smartphone and a few taps. Through the exciting release of this tool, Bitcoin Solaris places the power of wealth generation directly into users’ hands.

    But it goes far beyond mining. At its core, BTC-S is engineered around a dual-layer blockchain design that delivers:

    • Proof-of-Work base layer for robust security
    • Delegated Proof-of-Stake Solaris Layer for blazing-fast throughput
    • Up to 10,000 TPS with 2-second finality for real-time transactions
    • Adaptive energy-efficient mining models to reduce environmental impact

    All of it is tied together with seamless multi-chain integration that allows assets to move across ecosystems without friction.

    How BTC-S Uses Multi-Chain Architecture to Scale

    While most coins struggle with scaling due to monolithic designs, Bitcoin Solaris leverages a smart separation of duties. The base layer handles security and integrity, while the upper Solaris Layer drives transaction throughput. This multi-chain model is further enhanced with validator rotation and a fork-resistant consensus that ensures consistent uptime, performance, and decentralization.

    Add to that upcoming bridges for cross-chain asset transfers, and BTC-S is building toward a genuinely interoperable future.

    The Future of DeFi Doesn’t Run on Hype It Runs on BTC-S

    Why Investors Are Rushing In

    Bitcoin Solaris has already surpassed $5 million in presale funding. Over 12,300 unique users have jumped in, helping position it as one of the most explosive launches this year. And we’re still in phase 9. The current price is just $9. With less than six weeks left before launch, the price is set to rise to $10 next, then hit $20 at launch. That’s a built-in potential 150 percent return, and it’s fueling a frenzy.

    This is one of the shortest presales in crypto history. And it’s gaining momentum fast.

    You can secure your BTC-S through the official Bitcoin Solaris presale while it lasts.

    Real Wealth, Real Access: The New Crypto Class

    Bitcoin Solaris is not just about tech—it’s about access. Anyone, anywhere, can now mine from their phone through a built-in mining calculator and earn real value. The barrier to entry has never been lower, creating a new class of empowered crypto participants.

    Security is locked in with full audits by Cyberscope and Freshcoins. Transparency, speed, and utility are finally meeting in one powerful package.

    Even its social momentum is undeniable. The Telegram and X communities are surging with new users daily, echoing the excitement.

    Final Verdict: This Is What the Next Crypto Titan Looks Like

    Bitcoin Solaris is engineered for 2025 and beyond. With a performance layer built for DeFi, real-world usability, and mobile-first wealth tools, BTC-S checks every box. Multi-chain integration, institutional-grade throughput, and a community-powered launch are placing it in a category of its own.

    With one of the shortest and most explosive presales to date, and a growing army of supporters, Bitcoin Solaris is no longer a hidden gem—it’s quickly becoming a model for the next generation of blockchain innovation.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X (Twitter): https://x.com/BitcoinSolaris

    Media Contact
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5adcdd47-c717-4766-a9db-5dd28c69777f
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9c7835c0-c6eb-4362-8071-7f67619880a0
    https://www.globenewswire.com/NewsRoom/AttachmentNg/31d524c5-244f-4c07-9b54-089d10444233
    https://www.globenewswire.com/NewsRoom/AttachmentNg/498d1609-0bd8-40bd-9dc7-deffeb047226

    The MIL Network

  • MIL-OSI: BAY Miner upgrades to support BTC, SOL, and XRP cloud mining services, helping investors seize opportunities in market fluctuations

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, California, June 28, 2025 (GLOBE NEWSWIRE) — With increased price volatility in major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), global investors are seeking more flexible and intelligent participation methods. Today, BAY Miner announced a comprehensive platform upgrade, officially expanding its cloud mining support to include BTC, SOL, XRP, DOGE, ETH, and LTC. The upgrade also introduces an AI-powered computing power allocation system, enhancing user experience and long-term earning potential.

    Increased Cryptocurrency Market Volatility Focuses Global Investor Attention on Cloud Mining

    According to reports from multiple crypto financial media, Bitcoin is currently in a critical range of fluctuations, with short-term support and resistance strongly intertwined. Solana and XRP are volatile due to ecological updates and cross-chain applications, respectively. With market uncertainty, more and more crypto investors are turning their attention to the “low-cost, high-stability” cloud mining method, using smart contracts to participate in the mining process and avoid the investment risks of traditional mining equipment.

    Core Highlights of BAY Miner Cloud Mining

    BAY Miner focuses on compliance, security and intelligent allocation technology, and is committed to providing new and old users with a transparent and efficient digital asset value-added channel. This product upgrade mainly includes:

    – Six major currency support: Full support for BTC, ETH, SOL, XRP, DOGE, LTC cloud mining contracts

    – AI computing power intelligent allocation system: The platform can adjust the allocation strategy according to the real-time computing power and currency price on the chain to optimize the output efficiency

    – Convenient operation on the mobile terminal: Users can view the income and contract status in real time through the APP, and support reinvestment or withdrawal

    – Low threshold participation experience: No need to purchase mining machines or bear the cost of electricity maintenance, new users can familiarize themselves with the process through trial contracts.

    How BAY Miner Works

    1. Account Creation: Users register through the BAY Miner website or app.
    2. Contract Selection: Users choose a mining plan based on budget and asset preference.
    3. Wallet Funding: Accepted tokens for recharge include USDT (TRC20/ERC20), BTC, ETH, DOGE, XRP, and SOL.
    4. Contract Activation: Mining begins automatically after purchase.
    5. Daily Earnings: Rewards are calculated and credited daily.
    6. Payout Management: Users may withdraw earnings or reinvest them in new contracts.
    7. Diversified contracts are available:

    The table below shows the potential income you can achieve
    BTC [New User Experience Contract]: Investment amount: $100, potential total net profit: $100 + $10
    BTC [Core Contract Plan]: Investment amount: $600, potential total net profit: $600 + $43.2
    DOGE [Core Contract Plan]: Investment amount: $3,000, potential total net profit: $3,000 + $825.3
    BTC [Electricity Contract Plan]: Investment amount: $8,000, potential total net profit: $8,000 + $4340
    BTC[Electricity Contract Plan]: Investment Amount: $30,000, Potential Total Net Profit: $30,000 + $23,220
    Note: Profit estimates depend on network conditions and market volatility.

    Click here for full contract details

    The marketing director of BAY Miner said: “The greater the market uncertainty, the more investors need a stable and controllable way to participate in assets. The flexibility and security of BAY Miner’s cloud mining solution are designed to meet this trend.”

    A future-oriented low-threshold digital asset participation method

    In the current international situation and the context of surging hardware mining costs, BAY Miner’s pure cloud model is becoming a sustainable and highly adaptable solution. Whether you are a senior cryptocurrency investor or a new user, you can participate in the network construction of mainstream crypto assets at a low cost through the BAY Miner platform and enjoy contract income every day.

    Global layout, continuous optimization of user participation experience

    The BAY Miner technical team has deployed multiple cloud computing nodes around the world to effectively improve system stability and block speed. At the same time, the platform has launched a multi-language version update plan, launching more than 10 language interface supports for global investors to optimize the global user participation experience.

    Conclusion

    BAY Miner is committed to redefining cloud mining by offering a seamless, low-barrier way to engage with top digital assets—securely, intelligently, and from anywhere.

    Media Contact:
    BAY Miner
    info@bayminer.com
    www.bayminer.com

    Click to download the mobile app: https://bayminer.com/app/download

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. You are strongly advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Attachment

    The MIL Network

  • MIL-OSI Analysis: Iran emerged weakened and vulnerable after war with Israel − and that could mean trouble for country’s ethnic minorities

    Source: The Conversation – Global Perspectives – By Shukriya Bradost, Ph.D. Student of Planning, Governance and Globalization, Virginia Tech

    Iranians celebrate the ceasefire in downtown Tehran, but many blame their own leaders for the escalation. Morteza Nikoubazl/NurPhoto via Getty Images

    The 12-day confrontation between Iran and Israel in June 2025 may not have escalated into a full-scale regional war, but it marks a potentially critical turning point in Iran’s internal political landscape.

    Though the Islamic Republic has entered into direct conflict with a foreign adversary before, it has never done so while so militarily weakened, internally fractured and increasingly alienated from its own population.

    And unlike the Iran-Iraq war of the 1980s, when national unity coalesced around the defense of Iranian sovereignty, this time the government appeared to fight without significant public support. While accurate polling from within Iran is hard to come by, the lack of pro-government rallies, the low approval numbers for the government ahead of the war and the government’s subsequent crackdown since tell their own stories.

    As a researcher of different ethnic groups within the country, I know that many Iranians – especially those from historically marginalized communities – viewed the conflict with Israel not as a defense of the nation but as a reckless consequence of the government’s ideological adventurism and regional proxy campaigns. It puts the Islamic Republic in its most vulnerable position since its establishment after the Iranian Revolution in 1979.

    Hard and soft power diminished

    It is worth taking a snapshot of just how diminished the Iranian government is following the recent series of blows.

    Its soft power – once built on revolutionary legitimacy, Shiite ideological influence and anti-Western propaganda – has eroded dramatically.

    For decades, the Islamic Republic relied on a powerful narrative: that it was the only government bold enough to confront the United States and Israel, defend Muslim causes globally and serve as the spiritual leader of the Islamic world. This image, projected through state media, proxy militias and religious rhetoric, helped the government justify its foreign interventions and massive military spending, particularly on nuclear development and regional militias.

    But that narrative no longer resonates the way it once did. The leaders of Iran can no longer claim to inspire unity at home or fear abroad. Even among Shiite populations in Lebanon, Iraq and Yemen, support during the Israel-Iran confrontation was muted. Inside Iran, meanwhile, propaganda portraying Israel as the existential enemy has lost its grip, especially among the youth, who increasingly identify with human rights movements rather than government slogans.

    It is also clear that Iran’s hard power is getting weaker. The loss of senior commanders and the destruction of important military infrastructure have shown that the government’s intelligence and security systems are severely compromised.

    Even before Israel’s attack, a number of reports showed that Iran’s military was in its weakest state in decades. The real surprise in the recent war came not from the scale of the damage by Israeli and U.S. bombs but from how deeply Israel had penetrated the upper echelons of the Iranian military and intelligence sectors. The recent conflict amounted to a security as well as a military failure.

    Externally defeated, internally adrift

    As its power across the region appears diminished, so too is the Iranian government’s grip loosening internally. A 2024 survey by Iran’s Ministry of Culture revealed “discontent” among the population, with over 90% of Iranians “dissatisfied” with the country’s current position. Elections in November 2024 saw a turnout of under 40%, further underscoring Iranians’ discontent with the political process.

    And reporting from inside Iran suggests many Iranians blame government policies for the war with Israel. “I place the blame on this country’s decision-makers,” one resident of Rasht told Reuters, “their policies have brought war and destruction upon us.”

    The government has responded with a tactic it has used before: repression. According to government-aligned media, over 700 people were arrested during and immediately after the conflict, accused of collaborating with the Mossad, the Israeli intelligence agency.

    As in past crackdowns, ethnic minority regions – particularly Kurdish areas – have been targeted.

    One day after the ceasefire with Israel, the government executed three Kurdish cross-border laborers who rely on smuggling goods to survive in Iran’s underdeveloped Kurdish provinces.

    These executions, which were done without a trial or legal counsel, fit a pattern of how the government uses ethnic scapegoating to stay in power. And it echoes a historic pattern: When the government feels threatened, it strikes the Kurds first.

    A historical pattern of repression

    Kurds are estimated to number 10-12 million in Iran, composing roughly 12% to 15% of the country’s total population – making them the third-largest ethnic group after Persians and Azeris. Iran also includes significant Baluch and Arab minorities.

    When the Islamic Republic was established in 1979, many ethnic groups supported the revolution. They hoped for a more inclusive and democratic Iran than what preceded it – the brutal autocracy of the shah that had frequently targeted minorities.

    Those hopes were quickly dashed. By rejecting pluralism and promoting a unifying ideology centered on Shiite Islam and Persian identity, Ayatollah Ruhollah Khomeini marginalized non-Persian and non-Shiite groups.

    Other ethnic groups were viewed with suspicion, while Shiite Azerbaijanis were mainly co-opted into the system.

    Khomeini declared jihad against Kurdish resistance groups, labeling them infidels, separatists and agents of Israel and the United States.

    Armed with advanced weaponry inherited from the last Pahlavi shah, the government launched a military campaign in Kurdistan province. Many Kurdish villages and towns were destroyed, and approximately 50,000 Iranian Kurds were killed between 1979 and 1988.

    The region was turned into a militarized zone – a status that continues today.

    Campaign against Kurds

    After the Iran-Iraq war ended in August 1988, the government – economically strained and militarily weakened – feared a domestic uprising.

    But instead of embracing political reform, it responded with one of the most brutal crackdowns in Iran’s history. Khomeini issued a fatwa, or religious edict, ordering the execution of political prisoners, including large numbers of Kurdish dissidents.

    Between late July and September 1988, thousands of political prisoners were executed – many without trial or any legal process. At least 5,000 people were killed and buried in unmarked mass graves, according to Amnesty International.

    Khomeini labeled them “mohareb,” or “warriors against God,” and criticized the Revolutionary Courts for not sentencing them to death sooner. This mass execution campaign signaled the government’s resolve to eliminate all dissent, regardless of legal precedent or human rights norms.

    In the years that followed, the government systematically assassinated prominent Kurdish leaders and other opposition leaders, both in Iran and overseas.

    This targeted elimination of Kurdish leadership, combined with the mass executions of political prisoners, was a deliberate strategy to decapitate any organized opposition before it could challenge the government’s survival.

    A new crisis, the same strategy

    The Islamic Republic appears to be using the same playbook now, but under far more fragile conditions.

    Given the precarious state of the government, it is fair to ask why there are not more protests now, especially in ethnic minority regions. For many, the answer is fear over what happens next.

    Many Kurds have learned from previous uprisings – particularly the 2022 “Women, Life, Freedom” movement – that when they lead protests, they face the harshest crackdown. Over 56% of those killed and persecuted in the subsequent crackdown were Kurds.

    Meanwhile, the overall opposition remains fractured and leaderless, both along ethnic lines and in terms of goals. The main opposition groups have traditionally been reluctant to acknowledge ethnic rights, let alone include them in any vision for a future Iran. Rather, they insist on “territorial integrity” as a precondition for any dialogue, echoing the Islamic Republic’s rhetoric.

    This is a key legacy of the Islamic Republic: Its propaganda has not only shaped domestic opinion but also influenced the opposition, dividing Iranians at home and abroad. And it has long mobilized the dominant ethnic group against minorities, especially Kurds, by portraying them as internal enemies.

    Shukriya Bradost does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Iran emerged weakened and vulnerable after war with Israel − and that could mean trouble for country’s ethnic minorities – https://theconversation.com/iran-emerged-weakened-and-vulnerable-after-war-with-israel-and-that-could-mean-trouble-for-countrys-ethnic-minorities-259753

    MIL OSI Analysis

  • MIL-OSI: XY Miners Introduces Cloud-Based Crypto Earning Platform with Daily Passive Income and Green Energy Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    Brighton, UK, June 28, 2025 (GLOBE NEWSWIRE) — XY Miners, a UK-registered cloud miners provider, has announced the official launch of its fully automated crypto contract platform, designed to offer users around the world accessible and sustainable entry into cryptocurrency earnings. With short-term contract options, daily settlements, and no hardware requirements, the platform supports both new and experienced users looking for low-barrier digital asset income.

    The platform allows users to activate earning contracts remotely via web or mobile interface, eliminating the need for technical setup or investment in physical mining equipment. All operations are conducted through environmentally friendly mining facilities powered by renewable energy sources.

    XY Miners was created to simplify access to cryptocurrency income while keeping sustainability at the core of our infrastructure,” said a company spokesperson. “Our system automates the entire contract process—from activation to payout—making it easier than ever for users to earn crypto securely.”

    How XY Miners Works

    XY Miners users can begin earning in just three steps:

    1. Register for an account and receive a $15 welcome bonus.
    2. Select a contract, with durations ranging from 1 to 50 days.
    3. Begin earning automatically, with daily rewards credited every 24 hours. Users may withdraw or reinvest funds at their convenience.

    All contracts are processed through secure backend systems, allowing users to monitor earnings and contract status in real time. There is no need for hardware installation, manual wallet syncing, or maintenance.

    Key Platform Features

    • No Hardware or Technical Setup Required
      Users only need to register and activate a contract. All processing is cloud-based.
    • Green Energy-Powered Operations
      XY Miners’ infrastructure is located in regions with abundant renewable energy, including Northern Europe, Canada, and parts of Asia.
    • Wide Cryptocurrency Support
      Supported currencies include BTC, ETH, DOGE, XRP, LTC, SOL, USDC, and USDT (ERC20 & TRC20).
    • Transparent Fee Structure
      The platform offers clear contract pricing with no hidden service or management fees.
    • Referral Incentives
      The affiliate program enables users to earn up to 3% on direct referrals and an additional 1.5% through secondary invitations, with cumulative bonuses reaching up to $30,000.
    • User-Friendly Interface
      Designed for both new and experienced users, the platform is mobile-optimized and includes multilingual support.
    • Compliance and Legal Registration
      XY Miners is legally registered in the United Kingdom, supporting user confidence through transparent and regulated operations.

    Example Contracts

    Contract Name Asset Investment Duration Daily Reward Total Return*
    Free Starter Plan BTC $0 3 Days $1.00 $3.00
    DOGE Standard Plan DOGE $100 7 Days $4.50 $131.50
    ETH Growth Plan ETH $500 21 Days $22.00 $962.00
    BTC Premium Plan BTC $10,000 35 Days $420.00 $24,700.00

    *Figures shown are for illustrative purposes only. Real-time returns may vary based on asset performance and contract selection. Visit xyminers.com for current rates and terms.

    Commitment to Sustainability and Transparency

    All of XY Miners’ data centers are built around green mining technologies, with an emphasis on clean power and efficient infrastructure. The company maintains 24/7 system monitoring and employs strict internal auditing to ensure income tracking, compliance, and user fund protection.

    About XY Miners
    XY Miners is a UK-registered provider of cloud-based cryptocurrency earning services. Through fully automated short-term contracts, green energy infrastructure, and a secure digital interface, the company enables users globally to access passive crypto income without the burden of physical hardware or technical complexity.

    Attachment

    The MIL Network

  • MIL-OSI Economics: Côte d’Ivoire: African Development Bank Group Approves Second Partial Credit Guarantee to Support Green Projects

    Source: African Development Bank Group

    The Board of Directors of the African Development Bank Group has approved a second partial credit guarantee to help Côte d’Ivoire raise funds for strategic green and social projects. This risk-sharing instrument will enable the country to access competitive financing from international commercial banks, including funding in local currency. The transaction builds on a successful €533 million Bank-guaranteed facility completed in 2023.

    Côte d’Ivoire continues to show economic resilience and improved credit ratings. The West African country is committed to increasing revenue mobilization while ensuring prudent debt management.

    The guarantee allows Côte d’Ivoire to diversify its funding sources and secure longer-term loans that align with its Medium-Term Debt Management Strategy for 2024-2028. It also provides access long-term local currency financing, helping address structural liquidity challenges in the regional financial market.

    Proceeds will fund sectors aligned with the Sustainable Development Goals and Côte d’Ivoire’s National Development Plan 2021-2025. Priority areas include sustainable agriculture, water and sanitation, renewable energy, health, affordable housing, education, and financial inclusion.

    “This operation reflects the Bank’s strategic use of risk mitigation instruments to help regional member countries access affordable, long-term capital for transformational investments,” said Solomon Quaynor, Vice-President for Private Sector, Infrastructure and Industrialization at the African Development Bank Group. “The guarantee supports Côte d’Ivoire’s efforts to embed sustainability into its financing strategy while strengthening investor confidence in the country’s macroeconomic and policy frameworks.”

    The local currency component addresses chronic CFA franc liquidity shortages in the West African Monetary Union regional financial market, supporting both debt sustainability and regional capital market development.

    “Over the past three years, we have approved seven guarantees to unlock close to $3 billion of competitively priced sustainable financing for our Regional Member Countries,” said Ahmed Attout, Bank Group Director for Financial Sector Development. The first guarantee’s €533 million proceeds were allocated to projects covering basic infrastructure projects, basic services, and employment and competitiveness projects, benefiting millions of Ivorians.

    The new guaranteed facility will support Côte d’Ivoire’s vision of achieving upper-middle-income status by 2030 through sustainable economic transformation.

    MIL OSI Economics

  • MIL-OSI Africa: Qatar Affirms Importance of Protecting Rights of Children in Education

    Source: Government of Qatar

    New York, June 27, 2025

    The State of Qatar emphasized the importance of promoting and protecting children’s right to education, especially in countries affected by conflict, highlighting its leading efforts in this field, which have received international recognition.

    This came in the State of Qatar’s statement delivered by HE Permanent Representative of the State of Qatar to the United Nations Sheikha Alya Ahmed bin Saif Al-Thani, during the UN Security Council’s open debate on effective strategies to end and prevent grave violations against children in armed conflict, held at UN headquarters in New York.

    Her Excellency referred to the State of Qatar’s key partnerships with the United Nations, which reflect the country’s commitment to supporting international efforts to protect children affected by armed conflicts. She pointed to the State of Qatar’s hosting and support of the Analysis and Outreach Hub of the Office of the Special Representative for Children and Armed Conflict, noting that the center continues to play a vital role in advancing child protection efforts in conflict areas.

    Her Excellency also noted that this year marks the 20th anniversary of Security Council Resolution 1612 (2005), which was a landmark step and solid framework for improving the protection of children affected by armed conflict. It led to the creation of a monitoring and reporting mechanism focused on children and armed conflict. She stressed that all commitments must now be translated into concrete actions.

    Her Excellency expressed the State of Qatar’s deep concern over the increasing number of grave violations against children, citing the UN Secretary-General’s report that said violence against children in armed conflict reached its highest level in 2024, and added that children have borne the brunt of relentless hostilities and indiscriminate attacks.

    Her Excellency also strongly condemned the grave violations of international humanitarian law committed by the Israeli occupation against children in the Gaza Strip, calling on the international community to urgently act to compel Israel to comply with international laws, end its brutal war on Gaza immediately, and address the resulting catastrophic humanitarian conditions.

    Her Excellency said that it was extremely alarming what the report documented regarding the scale of grave violations against children in the occupied Palestinian territories, particularly the widespread use of explosive weapons in densely populated areas, the sharp increase in violations in Gaza, and the escalation of violence in the West Bank, including East Jerusalem.

    Her Excellency emphasized that it is absolutely unacceptable for children to remain victims of grave violations in ongoing conflicts, and underscored the importance of ensuring their protection in such areas.

    In conclusion, Her Excellency expressed her appreciation for HE Special Representative of the Secretary-General of the United Nations for Children and Armed Conflict Virginia Gamba, praising her tireless efforts and extensive expertise.

    MIL OSI Africa

  • MIL-OSI Europe: Audience with members of the Delegation of the Ecumenical Patriarchate

    Source: The Holy See

    Audience with members of the Delegation of the Ecumenical Patriarchate, 28.06.2025
    This morning, the Holy Father Leo XIV received in audience the members of the Delegation of the Ecumenical Patriarchate of Constantinople, on the occasion of the feast of Saints Peter and Paul.
    The following is the address delivered by the Holy Father to those present at the meeting:

    Address of the Holy Father
    Your Eminences,Dear Brothers in Christ,
    I am especially happy to welcome, for the first time after my election as Bishop of Rome and successor of the Apostle Peter, this Delegation representing the sister Church of Constantinople as we celebrate the Feast of Saints Peter and Paul, Patrons of the Church of Rome. This traditional exchange of Delegations between the two Churches on the occasion of the respective feasts of their Patron Saints is a sign of the profound communion already existing between us, and a reflection of the fraternal bond that united the Apostles Peter and Andrew.
    After centuries of disagreements and misunderstanding, the resumption of genuine dialogue between the sister Churches of Rome and Constantinople was made possible through courageous and farsighted steps taken by Pope Paul VI and Ecumenical Patriarch Athenagoras. Their venerable successors to the Sees of Rome and Constantinople have pursued with conviction the same path of reconciliation, thus further strengthening our close relations. Here I would like to mention the witness of sincere closeness to the Catholic Church given by the Ecumenical Patriarch, His All Holiness Bartholomew, by his personal participation in the funeral of the late Pope Francis, and again at the Mass inaugurating my Pontificate.
    As I think back with gratitude on the progress made thus far, I assure you of my desire to persevere in the effort to restore full visible communion between our Churches. The attainment of this goal can only come about, with God’s help, through a continued commitment to respectful listening and fraternal dialogue. For this reason, I am open to any suggestions that you may offer in this regard, always in consultation with my brother Bishops of the Catholic Church who, each in his own way, share with me the responsibility for the complete and visible unity of the Church (cf. Second Vatican Ecumenical Council, Dogmatic Constitution Lumen Gentium, 23).
    Your Eminences, dear brothers in Christ, I thank you most heartily for your presence in Rome on this solemn occasion. I ask you kindly to convey my cordial greetings to Patriarch Bartholomew and the members of the Holy Synod, together with my gratitude for sending a Delegation again this year. May Saints Peter and Paul, Saint Andrew and the Holy Mother of God, who live eternally in the perfect communion of the saints, accompany and sustain us in our efforts in the service of the Gospel. Thank you!

    MIL OSI Europe News

  • MIL-OSI USA: Chairman Graham Releases Full Senate Text Of President Trump’s One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham
    WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina), Chairman of the Senate Budget Committee, today released the Senate’s full legislative text of President Trump’s One Big Beautiful Bill.
    “If you like higher taxes, open borders, a weak military and unchecked government spending, this bill is your nightmare.
    “I am proud to present to the public the Big Beautiful Bill. By making the Trump tax cuts permanent, working families will avoid a four trillion-dollar tax increase. Our bill provides full funding to secure the border in perpetuity and injects a much-needed $150 billion into our military to keep our nation safe. In addition, the bill raises the debt ceiling so that we do not default and crash the economy.
    “Equally important, our bill reforms Medicaid – which has grown by nearly 50 percent in five years. It eliminates waste, fraud and abuse – and requires able-bodied Medicaid recipients to work.  This bill is the largest reduction in government spending in recent memory, and is a down payment on fiscal reform.
    “The Big Beautiful Bill contains all of President Trump’s domestic economic priorities. By passing this bill now, we will make our nation more prosperous and secure.”
    View the full text HERE.        
    View the one-pager HERE.
    For more information on the:
    Senate Agriculture, Nutrition and Forestry Committee Title, click HERE for a section-by-section and HERE for a one-pager. 
    Senate Armed Services Committee Title, click HERE.
    Senate Banking, Housing and Urban Affairs Committee Title, click HERE.
    Senate Commerce, Science and Transportation Committee Title, click HERE.
    Senate Energy and Natural Resources Committee Title, click HERE for a section-by-section and HERE for a one-pager.
    Senate Environment and Public Works Committee Title, click HERE for a section-by-section and HERE for a one-pager.
    Senate Finance Committee Title, click HERE.
    Senate Health, Education, Labor, and Pensions Committee Title, click HERE for a section-by-section and HERE for a one-pager.
    Senate Homeland Security and Governmental Affairs Committee Title, click HERE for Homeland Security and HERE for Governmental Affairs.
    Senate Judiciary Committee Title, click HERE for a section-by-section and HERE for a one-pager.

    MIL OSI USA News

  • MIL-OSI Global: Love summer but hate winter? Here’s why your mood shifts so much with the seasons

    Source: The Conversation – UK – By Dan Baumgardt, Senior Lecturer, School of Physiology, Pharmacology and Neuroscience, University of Bristol

    Many people find their mood gets a boost in the summer. Volodymyr TVERDOKHLIB/ Shutterstock

    Summer is the UK’s best-loved season. It’s easy to see why, with the warmer, sunnier weather it brings. But the temperature isn’t the only reason people prefer midsummer to the dark days of winter. Many also report their mood is better during the warmer months.

    But why is it that our mood changes so much through the seasons? While there are many complex reasons why the weather can have such a significant affect on our mood and wellbeing, the key answer lies in our brain – and the way almost all of our body’s systems are hardwired to respond to what’s going on around us.

    Your body’s core temperature is set at 37°C. Temperature is regulated by an area of the brain known as the hypothalamus. This nerve centre receives information about temperature from all over the body and initiates actions to either cool down or warm up accordingly.

    The outside temperature can also affect our biological clock – otherwise known as our circadian rhythms. These govern, among other functions, our sleep-wake cycles.

    Our circadian rhythms are also regulated by the hypothalamus – more specifically, a part of it called the suprachiasmatic nucleus. The fact that both temperature control and sleep-wake cycles are governed from within the same region of the brain suggests they are inextricably connected.

    This connection can also partly help to explain why our moods can shift so much from winter to summer. It’s the interaction between these nervous pathways that are believed to impact mood through their effect on sleep, mood-influencing neurotransmitters, and more.

    For instance, in winter, many people find their mood takes a dip – especially during the long, dark days of midwinter. Some people even develop seasonal affective disorder (Sad), a condition associated with depressive episodes that fluctuate with the comings-and-goings of the different seasons – though it’s typically more common in the winter because of the darker days and cold temperatures.

    Sad can also cause sleep disturbances, lethargy and appetite changes – particularly cravings for carbohydrates. As the summer months arrive, people with winter Sad usually find their symptoms significantly improve.

    There’s some evidence that Sad is linked to secretion of a hormone called melatonin – a hormone that’s also linked to our circadian rhythms. Melatonin is produced by the pineal gland, which shares nervous connections with the hypothalamus and acts to control timing and quality of sleep.

    Dark winter days appear to be the reason our mood takes a dip this time of year.
    Nicoleta Ionescu/ Shutterstock

    Melatonin levels typically remain relatively low during the day – but levels start to creep up in the evening, reaching their highest levels in the middle of the night. But the lower levels of daylight in the winter can cause dysfunction with melatonin levels, typically increasing it’s secretion. This probably explains why people feel sleepier and more fatigued in winter – and which may in turn trigger depression.

    But it’s not just melatonin that’s linked to Sad. Other neurotransmitters which act as mood boosters (such as serotonin) appear to be affected by dark and cold days too. There also seems to be a link with geographical location – with evidence showing the condition is more common in regions furthest from the equator, where there are extremes of daylight and temperature.

    Summertime sadness

    When summer finally makes an appearance, the effect of sunshine and heat upon the energy-boosting neurotransmitters (such as serotonin) makes a notable difference to mood. This may be partly due to increased amounts of vitamin D – which is made in the skin, and requires sunlight exposure to reach higher levels. Vitamin D has been proven to positively affect serotonin levels.

    But not everyone finds themselves pleased by summer’s hotter temperatures and longer days. Some may find they feel more miserable this season.

    There’s another variation of Sad, albeit rarer (affecting less than 10% of Sad patients) that actually gets worse in summer.

    It’s less clear why some people get Sad in the summertime – and is probably due to a range of factors. It may be due to the heat and humidity or even feelings of self-consciousness. It could possibly even be due to sleep disruptions – since the longer days might disrupt our circadian rhythm.




    Read more:
    Why it can be harder to sleep during the summer – and what you can do about it


    Certain health conditions may also influence how we cope with the warmer temperatures. Take the menopause, where symptoms such as hot flushes may be exacerbated by the warmer weather. Those dealing with these symptoms may find it becomes even more difficult during heat waves – and this may take a toll on their mental wellbeing.

    Some research does show that rising temperatures can be a precipitant for acute mental illness. One study examined a population of patients with bipolar disorder and found there was a significant peak in the number of hospital admissions in the summer months compared to patients with other psychiatric disorders. Their statistical analysis demonstrated that higher temperatures and solar radiation levels were the most significant determinants of acute episodes.

    Another study has also suggested a link between increased temperatures and risk of suicidal behaviour.

    The body’s natural responses to heat also feeds into the biological stress response. The mechanisms by which the body cools down, such as sweating and promoting blood flow to the skin, can cause dehydration and skin flushing. This may make people feel of frustrated and irritable, have trouble concentrating and may even impact the quality of sleep.

    The interplay between temperature, sunlight, the body’s circadian clock and mood is a complex and intriguing conundrum – and one which is as unique as each person. While some of us are hard-wired to be sunchasers, others eagerly look forward to the dark days of winter. But in a world where climate change is a definite reality, we need to better understand how a warming world is going to affect our wellbeing.

    Dan Baumgardt does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Love summer but hate winter? Here’s why your mood shifts so much with the seasons – https://theconversation.com/love-summer-but-hate-winter-heres-why-your-mood-shifts-so-much-with-the-seasons-259323

    MIL OSI – Global Reports

  • MIL-OSI Global: The Waldorf Astoria: what the history of this legendary hotel says about today’s crisis of the American establishment

    Source: The Conversation – UK – By Alex Prior, Lecturer in Politics with International Relations, London South Bank University

    The Waldorf Astoria hotel on Park Avenue, New York City. Shutterstock/Gordon Bell

    After eight years of renovations, the Waldorf Astoria in New York has reopened and is welcoming new guests. The Waldorf – as most people know it – introduced room service, velvet ropes, red-velvet cake and Thousand Island dressing. It gave its name to a salad, a chain of lunchrooms, as well as a now obscure form of democracy.

    In 1907, the novelist Henry James said the Waldorf embodied what he called the “hotel spirit”: it was a place where everyone was equal – as long as they could afford the price of admission. To James, hotels defined America’s emerging culture and ideals. He said this new “spirit” was one of opportunity; of a new elite that was accessible not only by lineage, but by money.

    As the historian and journalist David Freeland wrote, the Waldorf generally made room for all who were “able and ready to pay” and who displayed a willingness to “conduct themselves properly”. The Waldorf ethos was developed by its first maître d’, Oscar Tschirky – known simply as “Oscar of the Waldorf” because people struggled to pronounce his name. “Our innovations were startling and sensational”, Tschirky said in his ghost-written autobiography in 1943, “but they were always genteel”.

    Those early innovations included the invention of the “presidential suite”, which saw the hotel become an unlikely early force for American feminism when it became a hub of high-level talks between suffragists and President Woodrow Wilson.

    The Waldorf, then, is an American institution – or, at least, it used to be.
    It is now in the hands of Chinese owners and has been shunned by presidents since Barack Obama, worried over potential security risks. The brand itself has been watered down as there are currently 32 “Waldorf Astorias” dotted around the globe.

    The story of the Waldorf encapsulates modern America’s crisis of the establishment. Few places better personify the creation of the US version of the establishment (much more about money than breeding or class). And in the past decade, the hotel’s position, like the US establishment more generally, has come under assault by a rival hotel owner, Donald Trump.


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


    Trump has his own ideas about how to use these modern palaces to project power – and his innovations are anything but genteel. So what can the beginnings of this former American institution tell us about America today? As a researcher of political and democratic institutions, I have been examining the role of hotels in the story of American democracy. And this particular story begins with a Swiss-born waiter.

    Oscar of the Waldorf

    Tschirky was born in the Swiss Alpine village of Le Locle in 1866. He and his mother boarded the steamer La France in 1883, bound for New York. In his book, he recalled his mother’s announcement:

    Yes, Oscar, we’re going to go to America and live with your brother in that great land of plenty where we can have everything we’ve always wanted.

    That night, according to his book, was “the beginning of Oscar’s career as beloved servitor and counsellor to the great and near great of this world”.

    Although it would be ten years after arriving in New York, that Tschirky would join the Waldorf (which was just about to open) as maître d’. His contract and salary commenced on January 1 1893, ahead of the grand opening of the Fifth Avenue hotel in March. He would occupy his post for the next half-century as “host to the world”.

    Tschirky would remain in place as the hotel expanded in 1897 when John Jacob Astor IV built and connected the larger, taller Astoria Hotel next door. Then in 1931 the hotel was forced to relocate when its Fifth Avenue location was razed for the Empire State Building. The “new” Waldorf Astoria New York reopened on Park Avenue with the addition of its famous towers, making it the tallest hotel in the world at the time.

    Tschirky was born just one year after the end of the American Civil War. It was an America of Jim Crow laws and segregation. He would live to see women’s suffrage, but not the civil rights reforms of the mid-1960s.




    Read more:
    Activists are warning of a return to the Jim Crow era in America. But who or what was Jim Crow?


    In this turbulent context, it appears that Tschirky did his best to keep the Waldorf out of politics. He stuck to the advice given by the Waldorf’s manager, George Boldt (himself a German immigrant) who told him that it was “not up to the hotel to settle international affairs”.

    Tschirky came to understand, realise, and represent the “hotel spirit” of a new America as he presided over the establishment of hotels as American palaces: not only for visitors, but for the new American aristocracy.

    A presidential palace

    The Waldorf famously hosted every US president from Grover Cleveland to Franklin Roosevelt. In spring 1897, Cleveland was at the Waldorf with members of his former cabinet, who wanted him as Democratic candidate in the 1900 election. This was the first reported instance of “Waldorf democracy” – in this case, the term was used to identify this new group within (and in some respects differentiate it from) “the democracy”, that was the Democrats.

    President Grover Cleveland (sitting on the far left) and his cabinet, between 1895 and 1896.
    Shutterstock/Everett Collection

    This politics was not embraced by all. As reported in The Ohio Democrat, Congressman Edward W. Carmack of Tennessee dismissed it as “the walled-off Democracy, because they are by themselves, representing nobody, and unable to influence a vote”.

    Nevertheless, political elites liked the luxury that the Waldorf offered. Presidential suites were established during Woodrow Wilson’s presidency (1913-21). In the Waldorf, this famous suite emulates the furniture of the White House and still contains several presidential souvenirs, (including John F. Kennedy’s rocking chair).

    The hotel was also popular among the famous “Four Hundred of the Gilded Age” – the highest echelons of New York society. The group was originally led by Caroline Schermerhorn Astor. The Astors’ ancestral family home, the town of Walldorf, in western Germany, had even given the hotel its name. According to Tschirky’s book, the Waldorf’s grand ballroom was:

    … where Teddy Roosevelt had dined, where presidents McKinley, Taft, Wilson, Harding, Coolidge and Hoover had spoken historic words to the nation, where princes of royal blood had been welcomed, where the great people in every walk of life had been honored.

    The Waldorf proved a suitable palace for US presidents and their entourages and Tschirky, a suitable “servant”. When interviewed by Washington DC’s Evening Star, Tschirky “wouldn’t talk about presidents except to say that Franklin D. Roosevelt calls him, ‘my neighbor across the Hudson’”.

    But Tschirky, “for all his celebrity acquaintances, never forgot that he was, in the end, a servant”, as Freeland wrote. The Waldorf likewise applied the term to its staff.

    Exclusivity, exclusion and ‘democracy’

    The world famous hotelier Conrad Hilton, who acquired the Waldorf in 1949, recalled in his autobiography, Be My Guest:

    Originally the Waldorf was said to purvey exclusiveness to the exclusive. Later [the writer and artist] Oliver Herford announced that it ‘brought exclusiveness to the masses’. But that exclusiveness remained whether the hotel catered to a convention of three thousand or a tête-à-tête between crowned heads.

    The Waldorf ethos projected “taste” and imbued it in others. Tschirky “subtly schooled Americans in fine European dining”. In 1956 – six years after Tschirky’s death – the New York Times recalled that, alongside Boldt, he undertook to teach people how to spend their money. The Waldorf embodied good taste by enforcing it, for example in its expectation of “proper conduct”.

    But with exclusivity comes exclusion. Hence, the hotel’s introduction of the velvet rope. According to the Waldorf’s luxury suite specialists, this was done “to create order … the fact that it created a sense of stature and separation was secondary”.

    Tschirky’s statement that “all who pay their bills are on an equal footing” reflects one of his “rules for success”:

    … be as courteous to the man in a five dollar room as to the occupant of the royal suite. It is an old rule, but it never changes.

    We can see from this mindset how the hotel was seen to possess, as American Studies scholar Annabella Fick put it, “a democratic quality … even though it is also elitist. In that, it invokes the democratic understanding of early America, which also differentiated between land-owning gentry and the mob”.

    This was not the only differentiation. Just two years after the Waldorf opened, the 1895 New York State Equal Rights Law (commonly known as the Malby Law) – which aimed to abolish racial discrimination in public places – had aroused Boldt’s indignation. According to Freeland, Boldt described the law to reporters as “an outrage, as it prevents us from making any selection of our patrons. A man who runs a first-class hotel must respect the wishes of his guests as to the sort of people that he entertains, and the law should not dictate to him.”

    In his paradoxical desire for the freedom to discriminate and persecute as he wished – and on behalf of his customers, real or imagined – Boldt illustrated the exclusion inherent in exclusivity. Boldt’s statement also presaged a system of informal segregation, in which Black Americans were allowed in the Waldorf (and elsewhere), but were certainly not welcome.

    Despite this the Waldorf was at the heart of a fundamental shift in American culture which “invited” ordinary Americans access beyond the velvet rope – as long as they could afford it. As James McCarthy and John Rutherford said in their 1931 book, Peacock Alley: “The average man and woman … frowned upon grand display – chiefly because the average person knew it was beyond his or her own horizon of enjoyment. The arrival of the Waldorf, however, was an invitation to the public to taste of this grandeur.”

    And it wasn’t just the paying customers. During its 30th anniversary in 1923, the Waldorf elevated its staff – its servants – to the level of guests. Reporters for the Birmingham Age-Herald noted: “Practically the entire staff of the hotel were guests … the affair reached the topnotch of Waldorf democracy, for the waiters and financiers, telephone girls and captains of industry, coat-room clerks and merchant princes sat side by side and swapped reminiscences with each other.” The article continues:

    Oscar sat [at] the head of his own table as guest of honor. For a brief time Oscar was no longer the solicitous host … For an hour or two Oscar was himself the guest, and the entire kitchen menage of the Waldorf-Astoria was kept hopping filling his wants and those of his fellow guests.

    Oscar and his wife Louise, in the Birmingham Age-Herald above ‘Father Knickerbocker’ – a personification of New York City (hence The Knicks) – celebrating the Waldorf at 30.
    Library of Congress

    But being a guest was a temporary experience.

    The “Waldorf democracy” described during this event – of people from every walk of life and status mixing and socialising – was very different to that of the Cleveland entourage. It was not party-political, but institutional.

    Democracy meant different things, at different times, within the Waldorf; just like in the broader US. The Waldorf, in turn, began to change, and perhaps even lose its meaning within the US by the time of Obama’s presidency.

    Chinese ownership

    The Waldorf lost its status as presidential palace in 2014. It was bought for $1.95bn by a Chinese company that was later seized by the Chinese government. Security concerns a year later prompted President Obama to stay at the Lotte New York Palace Hotel instead.

    Obama’s choice of where to stay – and where not to stay – was widely discussed in the media. The decision was seen to “break with decades of tradition”. ABC News recognised and portrayed it as the end of an era, bidding “Goodbye to the Waldorf Astoria, welcome to the Lotte New York Palace Hotel”. This new era was also framed in geopolitical terms, for example by the New York Times:

    With Chinese spies rummaging through White House emails, President Obama has decided not to risk making their spying any easier: He will break with tradition and abandon the Waldorf Astoria … Mr. Obama and other officials will instead take up residence a few blocks away at the Lotte New York Palace.

    The same article also pointed out that “hotels have long represented a weak link in security for travelling officials and others”. In fact, Nikita Khrushchev had once got stuck in an elevator at the Waldorf, and “probably thought it was an attempt to assassinate him”.

    Covering up an assassination as an “elevator accident” is probably not what Hilton had in mind when he envisaged his hotels as “a means of combating communism”. On the contrary – as Professor Mairi Maclean, a researcher of business elites, put it – Hilton envisaged hotels as a means of “facilitating world peace through international trade and travel”.

    Women’s suffrage

    It may not have brought about world peace, but the Waldorf did play a part in certain moments of US history because it was always seen as a key arena to lobby rulers, most notably in 1916. Women’s suffrage in America was still four years away. On one side of the debate (and the Waldorf itself) were two hundred suffragists, occupying the East Room. On the other was Woodrow Wilson, occupying the Presidential Suite.

    Tschirky recalled being “appointed diplomatic courier … and delegated to carry the first communiqué of the morning … In the midst of it all I stood my ground, swearing myself an ice cold neutral”.

    Though neutral on the question of suffrage, Tschirky was willing to reduce boundaries within the hotel, especially if it was good for business. Even as the hotel was being built, Tschirky remembered that “there was not, in all America, such a thing as a motor car, a radio … Nor were cocktails ever seen in private homes; or divorces tolerated in society; nor did women smoke, or wear dresses above their ankles”.

    Then in 1907 a notice was put up in the Waldorf: “Women would be served in the hotel restaurants at any time, with or without male escorts.” Freeland noted Tschirky’s simple confirmation that: “We will serve women. What else can you do in a hotel?”

    Crowd of women’s suffrage supporters demonstrating with signs reading, ‘Wilson Against Women’, in Chicago on October 20, 1916. Wilson withheld his support for Votes of Women until 1918.
    Shutterstock/Everett Collection

    A few years later, discussing women’s right to smoke in the dining rooms, Tschirky said: “We do not regulate the public taste. Public taste does and should regulate us.”

    During the Waldorf’s 30th anniversary in 1923, newspapers such as El Imparcial celebrated it as “a civic asset of unique importance. And to its other accolades must be added that of contributing effectively to the progress of feminism. It was a memorable day in the women’s rights movement when The Waldorf Astoria granted female access to the Peacock Alley.”

    Nevertheless, even the naming of Peacock Alley – a corridor in the hotel that became an important place of congregation, especially for women – was a recognition of exclusivity. It was where people gathered to parade themselves. As the recollection goes in Tschirky’s memoirs: “The Waldorf Hotel was a triumphant picture of the Best People at their best”.

    Trump

    With their ostentatious decor and gilded interiors, Trump’s hotels could be seen as the modern incarnation of Peacock Alley.

    But the tenets of politeness, respect and decorum that Tschirky set down seem like echoes from another age when compared to a recent AI video showing Trump and Israeli Prime Minister Benjamin Netanyahu sitting shirtless at a pool with drinks at an imaginary “Trump Gaza hotel”. The video appears to have been a spoof, but that didn’t stop the president from sharing it on Truth Social, his own social media platform, and Instagram.

    Like Hilton (who was immortalised in Mad Men, demanding a Hilton on the moon) hotels have always been a part of Trump’s brand. Trump recalled, in How to Get Rich, that his “first big deal, in 1974, involved the old Commodore Hotel site near Grand Central Station” on 42nd Street.

    The former Trump International Hotel in Washington DC, opened in 2016, was described as “the epicenter of the president’s business interests in [the capital]”. It was also “a popular choice for lobbyists and Republican Congress members during Trump’s presidency”.

    “The Trump Organization sold the hotel’s lease to CGI in 2022, when the hotel was reflagged as a Waldorf Astoria”, though Trump’s firm is rumoured to be in talks to reacquire it.

    Another similarity between Hilton and Trump is their use of hotels as symbols for the nation. Each hotel of Hilton’s was envisaged as a “Little America”, “to show the countries most exposed to communism the other side of the coin”.

    In the run up to the 2016 US presidential election, at an opening for the Trump International Hotel, Trump “tried to turn the hotel into a metaphor for America”, according to an editorial in Vox. Trump went on to say:

    It had all of the ingredients of greatness, but it had been neglected and left to deteriorate for many many decades … It had the foundation of success. All of the elements were here. Our job is to restore our former glory, honor its heritage, but also imagine a brand new and exciting vision for the future.

    Forbes commented that this event “could’ve easily been mistaken for a Trump rally”, for example in his statement that “my theme today is five words: ‘under budget and ahead of schedule’ … We don’t hear those words too often in government – but you will!”

    Similarly, in an interview with the New York Post, Trump’s son Eric Trump used familiar Maga rhetoric: “Our family has saved the hotel once. If asked, we would save it again”.

    What would Tschirky have made of all this? As a political neutral he would have decried Trump’s frequent hotel plugs during political campaigns. No doubt his behaviour would have seemed crass.

    Perhaps this reflects two different eras of hotels and their intended functions. Grand hotels such as the Waldorf were shaped by European colonialism, by immigrants like Tschirky and Boldt. But as historian Annabel Wharton describes, the Hiltons “were constructed not, as in the nineteenth century, to meet an established need, but to create one. They suggest that this pressure was not produced simply by the desire for profit, but from a remarkable political commitment to the system that promoted profit-making”. I think we can read Trump’s hotels, and now his politics, in the same way.

    The hotel spirit has entered a new phase with Trump’s proposals to “own, level, and develop” the Gaza Strip and create a “Riviera of the Middle East” – riding roughshod over the democratic will of Palestinians in Gaza who dismissed Trump’s vision.

    Less than two decades after opening, Tschirky remarked that “many of the great events, financial, diplomatic, political, had had their inception within [the Waldorf’s] stone walls”. For him, it was “an international crossroad where men from all lands came to exchange goods and ideas” and to plan the changes in the world which he would later see come to pass.

    Tschirky saw hotels as the most democratic places on Earth. But the “hotel spirit” he espoused – that uniquely American narrative within which he “became a citizen almost overnight” (a feat that seems vanishingly unlikely today) – seems to have been consigned to the past.

    “I know that better times will come again”, he says in the preface to his book, “but in terms of the past, I think I have seen the best. New York has changed. America has changed.”


    For you: more from our Insights series:

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    Alex Prior does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. The Waldorf Astoria: what the history of this legendary hotel says about today’s crisis of the American establishment – https://theconversation.com/the-waldorf-astoria-what-the-history-of-this-legendary-hotel-says-about-todays-crisis-of-the-american-establishment-256372

    MIL OSI – Global Reports

  • MIL-OSI USA: SPC Jun 28, 2025 0600 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 280541

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1241 AM CDT Sat Jun 28 2025

    Valid 281200Z – 291200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS FROM THE UPPER
    MIDWEST TO THE BLACK HILLS REGION…

    …SUMMARY…
    Scattered strong to severe thunderstorms, perhaps including one or
    two organizing clusters, will pose a risk for severe hail, wind and
    perhaps a couple of tornadoes across parts of the Upper Midwest into
    the Plains of South Dakota and Nebraska.

    …Upper Midwest to the Black Hills of South Dakota…

    Seasonally typical early summer pattern will be noted today as
    stronger westerlies are confined to the northern U.S., and much
    weaker flow is observed across the southern two-thirds of the CONUS.
    Latest water-vapor imagery suggests a few weak disturbances are
    translating across the northern Rockies toward the northern Plains
    and this will shunt the primary synoptic boundary across much of the
    Dakotas into the upper MS Valley by early evening. This boundary
    will prove instrumental in focusing deep convection during the
    afternoon/evening hours.

    Early this morning, scattered clusters of strong/severe
    thunderstorms are propagating southeast across the eastern Dakotas.
    This activity will advance into the upper MS Valley early in the
    period as LLJ focuses across eastern SD into northern MN. While some
    severe threat will be noted with a possible MCS at daybreak,
    convective outflow will largely influence subsequent regeneration.
    Latest model guidance suggests an east-west boundary will drape
    itself across western WI/southern MN by 18z, likely modified by the
    aforementioned early-day MCS. Boundary-layer heating is expected to
    aid buoyancy across the Dakotas southeast of the cold front, and
    scattered thunderstorms should readily develop along this wind shift
    by late afternoon, aided in part by a weak short wave trough.
    Additional convection is also possible along the outflow. Wind
    profiles favor some supercell development, along with possible
    clusters. Very large hail could accompany supercells. The east-west
    boundary should enhance low-level shear such that a higher
    probability for tornadoes will exist across southern portions of MN.

    Stronger heating across the Plains of NE into eastern WY will aid
    isolated-scattered thunderstorms across this portion of the SLGT
    Risk. Higher-based updrafts, but steep lapse rates suggest hail/wind
    will be the primary concerns.

    …Northern Middle Atlantic region and upper Ohio Valley…

    Weak short-wave trough is advancing east across the upper Great
    Lakes region early this morning. Southern influence of this feature
    will encourage convective development by 18z across the upper OH
    Valley into upstate NY. Modest west-southwesterly flow at mid levels
    suggests some convective organization is possible; however, poor
    lapse rates and modest instability should result in mainly a
    damaging wind threat with the most organized convection. Some
    consideration was given for higher probabilities across portions of
    the northern Middle Atlantic into southern NY, but weak lapse rates
    are concerning and deep-layer shear is not that strong. Even so,
    gusty winds will likely be noted with this activity as it spreads
    across PA/NY toward the western parts of southern New England.

    ..Darrow/Lyons.. 06/28/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    NOTE: THE NEXT DAY 1 OUTLOOK IS SCHEDULED BY 1300Z

    MIL OSI USA News

  • MIL-OSI China: China issues nearly 2 trillion yuan in new local govt bonds in Jan-May

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

    China’s local governments issued new bonds worth an approximate total of 1.98 trillion yuan (about 277 billion U.S. dollars) in the first five months of this year, data from the Ministry of Finance showed on Friday.

    Of that total, general-purpose bond issuance came in at 351 billion yuan, and special-purpose bond issuance amounted to over 1.63 trillion yuan.

    From January to May, local government bonds were issued with an average term of 16.4 years and at an average interest rate of 1.95 percent.

    By the end of May, China’s outstanding local government debts stood at approximately 51.25 trillion yuan, the ministry said.

    China has pledged a more proactive fiscal policy this year to shore up sustained economic and social development. The country plans to issue 4.4 trillion yuan in local government special-purpose bonds in 2025, marking an increase of 500 billion yuan from last year, according to this year’s government work report.

    MIL OSI China News

  • MIL-OSI Banking: Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators

    Source: Reserve Bank of India

    RBI/2025-26/63
    CO.DPSS.POLC.No.S339/02-01-001/2025-2026

    June 27, 2025

    The Chairman / Managing Director / Chief Executive
    All Scheduled Commercial Banks including RRBs /
    Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks / National Payments Corporation of India (NPCI)

    Madam / Dear Sir,

    Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators

    Aadhaar Enabled Payment System (AePS) is a payment system operated by National Payment Corporation of India (NPCI) that facilitates interoperable transactions using Aadhaar enabled authentication. AePS plays a prominent role in enabling financial inclusion.

    2. In recent times, there have been reports of frauds perpetuated through AePS due to identity theft or compromise of customer credentials. To protect bank customers from such frauds, and to maintain trust and confidence in the safety and security of the system, a need is felt to enhance the robustness of AePS. Accordingly, as announced in Statement on Developmental and Regulatory Policies dated February 08, 2024, it has been decided to issue directions for streamlining the process for onboarding of AePS touchpoint operators and strengthening fraud risk management. Detailed instructions are placed in the Annex.

    3. These directions are issued under Section 18 read with Section 10(2) of the Payment and Settlement Systems (PSS) Act, 2007 (Act 51 of 2007) and shall come into effect from January 01, 2026.

    Yours faithfully,

    (Gunveer Singh)
    Chief General Manager-in-Charge

    Encl.: Annex


    Annex

    CO.DPSS.POLC.No.S339/02-01-001/2025-2026

    June 27, 2025

    Aadhaar Enabled Payment System –
    Due Diligence of AePS Touchpoint Operators

    1. Definitions

    I. In these directions, the terms herein shall bear the meanings assigned to them below:

    1. Aadhaar Enabled Payment System (AePS): It is a Payment System in which transactions are enabled through Aadhaar number and biometrics or OTP authentication providing financial services such as cash withdrawal, cash deposit, fund transfer, and non-financial services such as mini statement and balance enquiry. etc.

    2. Acquiring bank: The bank which onboards the AePS touchpoint operators.

    3. AePS Touchpoint: The terminal deployed by acquirer banks to facilitate AePS transactions, which shall include both mobile and fixed points.

    4. AePS Touchpoint Operator (ATO): The individual onboarded by the acquiring bank who operates the AePS touchpoint.

    II. Terms pertaining to Aadhaar, Aadhaar biometric authentication, etc., shall have the same meaning as assigned to them in the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016), and the rules made thereunder.

    III. Words and expressions used but not defined in I and II above and defined in the Payment and Settlement Systems Act, 2007 shall have the meanings assigned to them in that Act.

    2. Due diligence of AePS Touchpoint Operators

    2.1 The acquiring bank shall carry out due diligence of all ATOs before onboarding them, adopting the same process as indicated in the Customer Due Diligence procedure for individuals, stipulated in paragraph 16 of Part-I, Chapter-VI of the Master Direction – Know Your Customer Direction, 2016 (as updated from time to time), issued by the Reserve Bank. However, if the due diligence of ATOs has already been done in their capacity as Business Correspondent / sub-agent, then the same may be adopted. The acquiring bank shall also carry out periodic updation of KYC of ATOs.

    2.2 In cases where an ATO has remained inactive, i.e. has not performed any financial / non-financial transaction for a customer for a continuous period of three months, acquiring bank shall carry out KYC of ATO before enabling him / her to transact further.

    3. Risk Management

    3.1 The acquiring bank shall monitor the activities of ATOs through their transaction monitoring systems on an ongoing basis and set operational parameters, based on business risk profile of the ATOs. Aspects such as location and type of the ATO, volume and velocity of transactions, etc. shall form part of bank’s fraud risk management framework.

    3.2 The operational parameters regarding ATOs shall be reviewed on a periodic basis, reflecting emerging fraud trends.

    3.3 The acquiring bank shall put in place adequate system level controls to ensure that any technological integrations like APIs are used only for enabling AePS operations.

    MIL OSI Global Banks

  • MIL-OSI USA: Miller Participates in Ways and Means Health Hearing on Digital Health Data

    Source: United States House of Representatives – Congresswoman Carol Miller (R-WV)

    Washington, D.C. – Today, Congresswoman Carol Miller (R-WV) participated in a Ways and Means Health subcommittee hearing discussing the benefits of wearable medical devices for rural patients and the challenges health care providers face adopting this technology. A video and transcript of the Congresswoman’s questions and provided responses can be found below. 

    Congresswoman Miller began by discussing the challenges rural patients face accessing medical care.

    “The majority of my work in the health care space is focused on ensuring robust patient access to care, particularly for rural patients. In my district, many patients have to travel hours to see a physician or specialist. Additionally, 70 percent of people in West Virginia have at least one chronic disease. This leaves the vast majority of patients in my state with some tough decisions about how to manage their health care. Many patients often don’t seek care as much as they might need because of costs, lack of transportation, or an inability to take a day off of work to see a doctor.

    Wearable devices seem to be a very good solution to some of these problems. If a patient can have a device tracking their vitals, glucose levels, or heart rate on their wrist or finger – they can have some peace of mind about their health. They also will have a better picture of when it might be time to get themselves to the doctor,” said Congresswoman Miller.

    The Congresswoman then asked Dr. Holmes, Global Head of Human Performance at WHOOP, how wearable medical devices can help patients track their vitals and anticipate health conditions that would require medical intervention.

    “Dr. Holmes, I’m sure you’ve worked with many patients to help them get the most out of your company’s technology. What are some of the benefits rural patients can see with wearable health devices and are the patients able to see and share that data from your device with their physician?” asked Congresswoman Carol Miller.

    “Yes, we have mechanisms inside the app that allow for really easy sharing with your healthcare provider. I think one really good example is actually preterm pregnancy research we did with Dr. Sean Rowan at University of West Virginia Medical where we were able to actually identify a digital biomarker that can basically diagnose or alert to potential preterm birth. What’s happening physiologically is seven weeks prior to delivery, we were able to notice that there is a sharp increase in one of the metrics that we track, heart rate variability, and a sharp decrease in resting heart rate. Seven weeks prior to delivery, regardless of gestational age. So you can imagine a woman in rural West Virginia who sees this inflection point and can then at least call a doctor and say, ‘Hey, what’s going on here?’ So that was, I think, a really neat breakthrough on this. These data are published in Plus One and this, I think, was a really great example of how we can help, in this case, women specifically understand their bodies a bit better and use the data to get ahead of what could be a serious issue,” responded Dr. Holmes.

    Congresswoman Miller then discussed privacy concerns associated with sharing personal medical information with a device company and what safeguards are in place to ensure confidentiality and data security.

    “My constituents take their data privacy very seriously and I think patients being able to share their data with their physician is important, but many of them are reluctant to simply give their data to a device company. Mr. Zengilowski, what are some of the common misconceptions about data privacy with wearable technology and how do remote patient monitoring companies, which facilitate the exchange of information from the device to the providers, ensure patient data is protected?” asked Congresswoman Miller.

    “Thank you for the question. I appreciate it and patient information security is paramount. So first, just to understand, there is a difference between a consumer wearable device and […] the medical grade, FDA cleared device used in a remote patient monitoring program. We, Coach Care, signed business associate agreements with all of the practices and hospitals that we work with, which make us a covered entity under HIPAA regulations, so we are required to follow HIPAA. I will share with you, CPT code 99454 reimburses for the technology for remote patient monitoring and the average Medicare reimbursement is approximately $45. We spend $10 per patient on security, on IT infrastructure security. So, just to give you a sense of what we’re investing to protect the patient data that we collect,” responded Mr. Zengilowski.

    Congresswoman Miller concluded by discussing the possible benefits wearable medical devices could have in detecting fall risks for elderly patients. 

    “Another issue I take seriously is fall prevention and detection. In my state and the country, people are rapidly aging, and unintentional falls are a leading cause of injury and death among seniors. Many seniors don’t know that they’re at a fall risk and can suffer a fall. So, Dr. Holmes, do you think that wearable technology can help with this issue among seniors and what types of technologies exist to track balance or falls?” asked Congresswoman Miller.

    “I think this whole conversation really needs to go back to prevention. We need to help seniors understand earlier what is going to prevent a fall. You know, we need to get […] I think the national conversation has to shift, right? A lot of the things that we’re talking about are absolutely preventable. We just need Americans to understand that they need to lift heavy weights. I, and it sounds so simple, but everything that we’re talking about here is democratically available and free. It doesn’t cost a dime, right? You can do body squats. Americans just need to understand that they have the power to take control of their own health. And so I think we need to get that information out there,” said Dr. Holmes.

    ###

    MIL OSI USA News

  • MIL-OSI: Somerset Asset Management Expands Operations in Europe and Middle East

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, June 28, 2025 (GLOBE NEWSWIRE) — Somerset Asset Management, renowned for offering personalized wealth management services to high-net-worth individuals, families, non-profit organizations, and corporate retirement plans, is excited to announce the expansion of its client acquisition operations in Europe and the Middle East. This strategic move enhances the company’s ability to serve a growing global client base with tailored wealth management solutions designed to meet a wide range of needs.

    The expansion allows Somerset to support its international clients better, providing bespoke strategies that focus on growing, protecting, and managing wealth. By delivering independent, unbiased financial advice, the company ensures that every recommendation aligns with clients’ financial needs and objectives.

    Tailored Wealth Management with a Personal Touch

    “Our team has always been driven by a shared vision of offering exceptional financial services globally,” said Jake Taylor, Chief Client Officer at Somerset Asset Management. “Expanding our operations in Europe and the Middle East allows us to bring our client-first approach to an even broader audience, helping clients make well-informed decisions while securing their financial futures.”

    Building Long-Term Relationships with Clients

    At Somerset Asset Management, building long-term relationships based on trust and mutual respect is central to its philosophy. By continuously putting client interests first, the firm develops comprehensive financial roadmaps that evolve to meet clients’ changing needs and aspirations over time.

    About Somerset Asset Management

    Somerset Asset Management specializes in crafting personalized wealth management solutions for high-net-worth individuals, families, and institutions. With decades of experience, the company combines its independent, unbiased approach with a focus on long-term relationships, empowering clients to achieve their financial goals and build lasting financial security.

    For more information, please contact:

    Angela Lin, Chief Communications Officer

    a.lin@somersetassetmanagement.com

    +86 7553 331 8533

    www.somersetassetmanagement.com

    Disclaimer: This press release is provided by the Somerset Asset Management. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b2699460-7cd6-47d4-b9ba-ae043f0f85f3

    The MIL Network

  • MIL-OSI: Somerset Asset Management Expands Operations in Europe and Middle East

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, June 28, 2025 (GLOBE NEWSWIRE) — Somerset Asset Management, renowned for offering personalized wealth management services to high-net-worth individuals, families, non-profit organizations, and corporate retirement plans, is excited to announce the expansion of its client acquisition operations in Europe and the Middle East. This strategic move enhances the company’s ability to serve a growing global client base with tailored wealth management solutions designed to meet a wide range of needs.

    The expansion allows Somerset to support its international clients better, providing bespoke strategies that focus on growing, protecting, and managing wealth. By delivering independent, unbiased financial advice, the company ensures that every recommendation aligns with clients’ financial needs and objectives.

    Tailored Wealth Management with a Personal Touch

    “Our team has always been driven by a shared vision of offering exceptional financial services globally,” said Jake Taylor, Chief Client Officer at Somerset Asset Management. “Expanding our operations in Europe and the Middle East allows us to bring our client-first approach to an even broader audience, helping clients make well-informed decisions while securing their financial futures.”

    Building Long-Term Relationships with Clients

    At Somerset Asset Management, building long-term relationships based on trust and mutual respect is central to its philosophy. By continuously putting client interests first, the firm develops comprehensive financial roadmaps that evolve to meet clients’ changing needs and aspirations over time.

    About Somerset Asset Management

    Somerset Asset Management specializes in crafting personalized wealth management solutions for high-net-worth individuals, families, and institutions. With decades of experience, the company combines its independent, unbiased approach with a focus on long-term relationships, empowering clients to achieve their financial goals and build lasting financial security.

    For more information, please contact:

    Angela Lin, Chief Communications Officer

    a.lin@somersetassetmanagement.com

    +86 7553 331 8533

    www.somersetassetmanagement.com

    Disclaimer: This press release is provided by the Somerset Asset Management. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b2699460-7cd6-47d4-b9ba-ae043f0f85f3

    The MIL Network

  • MIL-OSI: Somerset Asset Management Expands Operations in Europe and Middle East

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, June 28, 2025 (GLOBE NEWSWIRE) — Somerset Asset Management, renowned for offering personalized wealth management services to high-net-worth individuals, families, non-profit organizations, and corporate retirement plans, is excited to announce the expansion of its client acquisition operations in Europe and the Middle East. This strategic move enhances the company’s ability to serve a growing global client base with tailored wealth management solutions designed to meet a wide range of needs.

    The expansion allows Somerset to support its international clients better, providing bespoke strategies that focus on growing, protecting, and managing wealth. By delivering independent, unbiased financial advice, the company ensures that every recommendation aligns with clients’ financial needs and objectives.

    Tailored Wealth Management with a Personal Touch

    “Our team has always been driven by a shared vision of offering exceptional financial services globally,” said Jake Taylor, Chief Client Officer at Somerset Asset Management. “Expanding our operations in Europe and the Middle East allows us to bring our client-first approach to an even broader audience, helping clients make well-informed decisions while securing their financial futures.”

    Building Long-Term Relationships with Clients

    At Somerset Asset Management, building long-term relationships based on trust and mutual respect is central to its philosophy. By continuously putting client interests first, the firm develops comprehensive financial roadmaps that evolve to meet clients’ changing needs and aspirations over time.

    About Somerset Asset Management

    Somerset Asset Management specializes in crafting personalized wealth management solutions for high-net-worth individuals, families, and institutions. With decades of experience, the company combines its independent, unbiased approach with a focus on long-term relationships, empowering clients to achieve their financial goals and build lasting financial security.

    For more information, please contact:

    Angela Lin, Chief Communications Officer

    a.lin@somersetassetmanagement.com

    +86 7553 331 8533

    www.somersetassetmanagement.com

    Disclaimer: This press release is provided by the Somerset Asset Management. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b2699460-7cd6-47d4-b9ba-ae043f0f85f3

    The MIL Network

  • MIL-OSI Russia: Significant influx of Chinese tourists to boost Malaysia’s tourism growth

    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

    KUALA LUMPUR, June 28 (Xinhua) — Despite the gloomy economic outlook, Hong Leong Investment Bank predicts that Malaysia’s tourism growth will remain unchanged, driven by a significant influx of Chinese tourists.

    The research house said in a report released on Thursday that Malaysia’s tourism performance in the first quarter was strong. Tourist arrivals and revenues rose 10 percent and 24 percent year-on-year to RM6.4 million and RM27.5 billion (US$6.5 billion), respectively, while average expenditure per tourist rose to RM4,300.

    “This may be due to the sharp increase in the number of Chinese tourists in the first three months of this year (up 27 percent year-on-year),” the report said.

    Malaysia has set an ambitious tourism target for 2025: to welcome 31.3 million tourists and generate RM125.5 billion in revenue, which would translate into year-on-year growth of 25 percent and 23 percent, respectively.

    In its report, Hong Leong Investment Bank highlighted that Chinese tourists tend to stay longer in Malaysia and spend more. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Canadian PM calls US talks ‘difficult’

    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

    OTTAWA, June 28 (Xinhua) — Canadian Prime Minister Mark Carney on Friday called negotiations with the United States “difficult” in response to U.S. President Donald Trump’s announcement to end all trade talks with Canada over new tariffs.

    “We will continue to engage in these difficult negotiations based on the interests of Canadian citizens,” Mr. Carney told local media.

    D. Trump announced on Friday that the United States would end all trade talks with Canada over Ottawa’s plan to impose a digital services tax on American tech companies.

    On his Truth Social page, the American leader wrote that Canada had just announced a digital services tax on American tech companies, which is a direct and blatant attack on the United States.

    The new digital services tax will go into effect on June 30. American tech giants like Amazon, Google, Meta, Uber and Airbnb will be forced to pay a 3 percent tax on revenue generated from digital services to Canadian users.

    Canada and the United States are in talks to end Trump’s tariffs on Canadian goods, which have already caused a severe economic downturn. –0–

    MIL OSI Russia News

  • MIL-OSI NGOs: New wealth of top 1% surges by over $33.9 trillion since 2015 – enough to end poverty 22 times over, as Oxfam warns global development “abysmally off track” ahead of crunch talks

    Source: Oxfam –

    • Oxfam condemns “private finance takeover” of development efforts, as over 3.7 billion people remain in poverty ten years after the Sustainable Development Goals were agreed. 
       
    • New Oxfam analysis unveils “astronomical rise in private wealth”. Between 1995 and 2023, global private wealth grew by $342 trillion – 8 times more than public wealth.  
       
    • Oxfam analysis also shows governments are making the largest cuts to life-saving aid since aid records began. Aid cuts could cause 2.9 million more children and adults to die by 2030, from HIV/AIDS causes alone. 
    • Results of a new global survey show 9 out of 10 people support paying for public services and climate action through taxing the super-rich. 
    • Oxfam urges new strategic alliances to address inequality; urgently revitalize aid and tax the super-rich; and assert new “public-first” approach over private finance. 

    The world’s richest 1% increased their wealth by more than $33.9 trillion in real terms since 2015, reveals new Oxfam analysis ahead of the world’s largest development financing talks in a decade, in Seville, Spain. This is more than enough to eliminate annual poverty 22 times over at the World Bank’s highest poverty line of $8.30 a day. The wealth of just 3,000 billionaires has surged $6.5 trillion in real terms since 2015, and now comprises the equivalent of 14.6% of global GDP.

    Oxfam’s new briefing paper, “From Private Profit to Public Power: Financing Development, Not Oligarchy”, launches today ahead of the June 30 fourth International Conference on Financing for Development, hosted by Spain and joined by over 190 countries.  

    Wealthy governments are making the largest cuts to life-saving development aid since aid records began in 1960. Oxfam analysis finds that G7 countries alone, who account for around three-quarters of all official aid, are cutting aid by 28% for 2026 compared to 2024. Whilst critical aid is cut, the debt crisis is bankrupting governments – 60% of low-income countries are at the edge of a debt crisis – with the poorest countries paying out far more to repay their rich creditors than they are able to spend on classrooms or clinics. Only 16% of the targets for the Global Goals are on track for 2030. 

    Oxfam’s new analysis examines the failures of a private investor-focused approach to funding development. A decade-long effort by major development actors to recast their mission as one of supporting powerful Global North financial actors has led in fact to a host of harms and at the same time only mobilized paltry sums. The analysis also looks at the role of private creditors, who now outpace bilateral lenders by five times and account for more than half the debt owed by low- and middle-income countries, in exacerbating the debt crisis with their refusal to negotiate and their punitive terms. 

    Seville is the first major gathering of countries worldwide at a time that life-saving aid is being decimated, a trade war has started, and multilateralism being fractured – all in the backdrop of the second Trump administration. There is glaring evidence that global development is desperately failing because – as the last decade shows – the interests of a very wealthy few are put over those of everyone else,” said Amitabh Behar, Executive Director of Oxfam International. 

    What the World Bank described as a “billions to trillions” paradigm shift has been a boon for wealthy investors the richest 1% own 43% of global assets but now faces overwhelming evidence of failure, even according to former champions. Alarmingly, there is new momentum behind the idea of diverting the little aid that remains to private financial actors. 

    Rich countries have put Wall Street in the driver’s seat of global development. It’s a global private finance takeover which has overrun the evidence-backed ways to tackle poverty through public investments and fair taxation. It is no wonder governments are abysmally off track, be it on fostering decent jobs, gender equality, or ending hunger. This much wealth concentration is choking efforts to end poverty”, said Behar. 

    New Oxfam analysis shows that between 1995 and 2023, global private wealth grew by $342 trillion – 8 times more than global public wealth, which grew by just $44 trillion. Global public wealth as a share of total wealth actually fell between 1995 and 2023.  

    Oxfam is urging governments to rally behind policy and political proposals that offer a change in course by tackling extreme inequality and transforming the development financing system:  

    • New strategic alliances against inequality. Governments must band together in new coalitions to oppose extreme inequality. Countries such as Brazil, South Africa and Spain are offering leadership to do so internationally. A new ‘Global Alliance Against Inequality’ supported by Germany, Norway, Sierra Leone and others sets an example for nations to back.  
    • Public-first approach – reject the Wall Street Consensus. Governments should reject private finance as the silver bullet to funding development. Instead, governments should invest in state-led development – to ensure universal high-quality healthcare, education and care services, and explore publicly-delivered goods in sectors from energy to transportation.  
    • Total rethink of development financing – tax the ultra-rich, revitalize aid, reform debt architecture, and move beyond GDP indicators. Global North donors must urgently reverse catastrophic cuts to lifesaving aid and meet the 0.7% ODA target as minimum. Governments must back efforts for a new UN debt convention, and support the UN tax convention, building on Brazil’s G20 effort to tax high-net-worth-individuals.   

    “Trillions of dollars exist to meet the global goals, but they’re locked away in private accounts of the ultra-wealthy. It’s time we rejected the Wall Street Consensus and instead put the public in the driving seat. Governments should heed widespread demands to tax the rich – and match it with a vision to build public goods from healthcare to energy. It’s a hopeful sign that some governments are banding together to fight inequality – more should follow their lead, starting in Seville”, said Behar. 

    Oxfam’s media briefing note, “From Private Profit to Public Power: Financing Development, Not Oligarchy” can be downloaded here 

    Oxfam’s analysis of the historic cuts to development aid and their impact on the poorest can be found here. The modelling on HIV/AIDS deaths was published in the Lancet HIV. 

    The study that surveyed global opinion on taxing the super-rich was commissioned by Greenpeace and Oxfam International. The research was conducted by first party data company Dynata in May-June 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US. The survey had approximately 1200 respondents per country, with a margin of error of +-2.83%. Together, these countries represent close to half the world’s population. See the results here. 

    The cost of ending poverty is based on the annual cost of ending poverty in 2024 for one year, for the over 3.7 billion people living below the $8.30 a day poverty line, according to World Bank data. The increase in wealth of the 1% since 2015 would be more than enough to meet this cost 22 times over. Another way of expressing this is that the total amount is more than enough to completely end poverty for 22 years. This is only indicative, as the cost of ending poverty would likely fall over the next 22 years anyway as the numbers living in poverty reduce, and the value of the wealth would increase as it would not be spent all at once. But nevertheless this comparison indicates the extent to which more wealth, which is being greatly concentrated in the hands of a few, could be directed to ending poverty instead of further inflating the fortunes of the richest. For further information on the calculations see the media briefing paper. 

    Oxfam will be hosting a major high-level event together with Club de Madrid, at 7pm on July 1, 2025, in Seville, joined by high-level government representatives on the media briefing note. Journalists are invited to attend and will be prioritized for questions. Please register here. 

    Moreover, an official side event on inequality and tax reform will take place at 2.30pm on July 1, 2025, at the FIBES Exhibition Centre room 20 joined by high-level government representatives from Brazil, Spain and South Africa, international organizations and global experts. See note here. 

    MIL OSI NGO

  • Early months of FY26 indicate resilient economy, outlook remains positive: Centre

    Source: Government of India

    Source: Government of India (4)

    High-frequency indicators for the first two months of FY26 indicate resilient performance of the domestic economy amid the heightened geopolitical situation, Finance Ministry’s ‘Monthly Economic Review for May 2025’ said on Friday, adding that overall, the outlook for the Indian economy remains positive.

    The economy demonstrates resilience amid a turbulent global environment, supported by robust domestic demand, easing inflationary pressures, a resilient external sector, and a steady employment situation.

    “The positive trajectory appears to be continuing in FY26, with initial high-frequency indicators (HFI) indicating that economic activity has remained resilient. HFIs such as e-way bill generation, fuel consumption, and PMI indices point to continued resilience,” the Economic Review noted.

    Rural demand has strengthened further, supported by a healthy rabi harvest and a positive monsoon outlook. Urban consumption is being supported by increased leisure and business travel, as seen in the rise of air passenger traffic and hotel occupancy.

    “However, there are signs of softening in areas like construction inputs and vehicle sales. Retail and food price inflation registered a sustained and broad-based decline in May 2025, driven by robust agricultural production and effective government interventions,” the Economic Review emphasised.

    While domestic indicators have remained largely positive, financial markets experienced volatility as a result of external developments. The significant escalation of trade tensions in early 2025, followed by a partial de-escalation in the second quarter, contributed to considerable volatility in the financial markets.

    However, the Indian government bond market exhibited stability and certainty in May, driven by factors such as the announcement of a record surplus dividend by the RBI and a robust growth reading of Q4 FY25. Consequently, the risk premium on India’s government bonds decreased to 182 basis points as of May 30.

    On the external front, India’s total exports (merchandise and services) recorded a YoY growth rate of 2.8 per cent in May 2025, reflecting the resilience of our exports amid tariff uncertainties and subdued global economic conditions, said the Review.

    As of June 13, foreign exchange reserves remain strong, standing at $699 billion, which provides an import cover of 11.5 months. Additionally, the Indian rupee has experienced moderate volatility, in contrast to the more pronounced adjustments observed in other economies.

    The labour market indicators show signs of stability. White-collar hiring witnessed a rise in hiring with core sectors such as AI/ML professionals, Insurance, Real Estate, BPO/ITES, and Hospitality leading the hiring growth.

    “The employment sub-indices of the PMI indicate strong employment growth, with the employment sub-indices reaching a high. Formal job creation is also on the rise, as indicated by the growing net payroll additions under the Employee Provident Fund Organisation,” the Review noted.

    Steady economic performance in FY25 underscores the resilience of domestic growth drivers amid a challenging global environment. Robust private consumption and resilient services sector activity were key contributors to overall economic expansion.

    “The positive momentum has been extended into the early months of FY26, as reflected in the performance of high-frequency indicators such as e-way bill generation, fuel consumption and PMI indices among others,” according to the Economic Review.

    (IANS)

  • MIL-OSI Europe: Recession lingers, but economic recovery in sight

    Source: Government of Sweden

    The Swedish economy is in a protracted recession, but recovery is expected to begin in early 2025. Inflation is expected to be around the inflation target going forward. These are the conclusions of the Ministry of Finance in a new economic forecast.

    MIL OSI Europe News

  • MIL-OSI Europe: Legislation to enable applications for state aid for investments in new nuclear power

    Source: Government of Sweden

    Sweden needs new nuclear power to cover energy needs, provide a secure supply of electricity to the national grid and carry out the energy transition. As of 1 August 2025, companies seeking to build reactors will be able to apply for state aid. The Government has now approved a new ordinance regulating the application process.

    MIL OSI Europe News

  • MIL-OSI Europe: Excellent research and innovation are encouraged in largest-ever research and innovation bill

    Source: Government of Sweden

    Sweden aims to be one of the world’s leading countries in research and innovation. In the research and innovation bill, the Government is investing SEK 6.5 billion on research and innovation of the highest quality. Investments include funding for excellent research, increased and competitive funding for higher education institutions, enhanced research infrastructure and investments in groundbreaking technologies to position Sweden at the forefront.

    MIL OSI Europe News

  • MIL-OSI NGOs: Greenpeace activists rebrand NZ bottom trawler ‘ocean killer’ on Chatham Rise

    Source: Greenpeace Statement –

    Aotearoa – Greenpeace Aotearoa activists have confronted a bottom trawler off the East Coast of New Zealand, writing “ocean  killer” on the side of the ship, after bearing witness to it hauling in a net straining with marine life.

    Launching from the Greenpeace vessel the Rainbow Warrior, activists came alongside the New Zealand-flagged vessel, Talley’s Amaltal Atlantis, on the Chatham Rise[1], an area of ocean floor to the east of New Zealand, and painted the message on its side using non-toxic paint. The vessel is owned by seafood group Talley’s.

    Speaking from onboard the Rainbow Warrior, Greenpeace Aotearoa oceans campaigner Juan Parada says:

    “Activists rebranded this Talley’s vessel today to expose the bottom trawling industry for what they are: ocean killers. When Talley’s drag their heavy trawl nets across the seafloor and over seamounts, they bulldoze everything in their path, including killing precious coral.

    “Faced with a fishing industry that profits from trashing the ocean, and a government that condones bottom trawling, ocean defenders have taken peaceful action today to call out this destruction and demand that bottom trawling stop.

    “The Amaltal Atlantis trawls extensively in the waters of Aotearoa and has previously received permits to trawl in the High Seas of the South Pacific. Their trail of destruction is wide and long-lasting,” says Parada.

    Talley’s has a long history of carrying out bottom trawling destruction.  In 2018, the Amaltal Apollo trawled in a protected area on the Lord Howe Rise, in the international waters of the Tasman Sea. The Amaltal Mariner was convicted of trawling in a marine reserve off Kaikōura in 2019. 

    The at-sea action comes just months after a deep sea expedition led by Greenpeace Aotearoa documented whole swathes of destroyed coral in areas of the Tasman Sea that have been intensively trawled by New Zealand bottom trawlers. This area has been earmarked for one of the first high seas ocean sanctuaries, using the Global Ocean Treaty.

    New Zealand is the only country still bottom trawling in the High Seas of Tasman. 

    Parada says, “As the rest of the world moves towards more comprehensive ocean protection for international waters, New Zealand is standing in the way of progress by continuing to advocate for the bottom trawling industry.” 

    “From depleted fish numbers to smashed coral, dead sharks and seabirds, the cost of bottom trawling is too high. To protect the ocean for the future and safeguard the ocean we all love, bottom trawling must stop.”

    In response to the activist’s painting activity, Talley’s responded saying they would seek legal action which “may include the arrest of the Rainbow Warrior.”

    ENDS

    Photos and videos from the at-sea action are available in the Greenpeace Media Library.

    Notes:

    [1] The action took place in the Chatham Rise area, where it was recently revealed a New Zealand vessel dragged up six tonnes of coral in a single trawl.

    Contacts:

    Nick Young, Greenpace Aoteaora, Head of Communications, +64-21-707727, [email protected]

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • MIL-OSI Russia: US to End All Trade Talks with Canada – D. Trump

    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

    NEW YORK, June 27 (Xinhua) — U.S. President Donald Trump announced on Friday that the United States will halt all trade talks with Canada over Ottawa’s plan to impose a digital services tax on American tech companies.

    On his Truth Social page, the American leader wrote that Canada had just announced a digital services tax on American tech companies, which is a direct and blatant attack on the United States.

    “Based on this outrageous tax, we are ending all trade discussions with Canada, effective immediately,” Trump said.

    He said the United States would notify Canada within the next seven days of the amount of duties it would have to pay for doing business with the United States.

    Canada is copying the actions of the European Union by introducing a tax on digital services, D. Trump noted.

    The United States is trying to complete trade talks with a number of trading partners as the government’s July 9 deadline approaches.

    However, White House Press Secretary Caroline Leavitt said on Thursday that Trump might push back the deadline. –0–

    MIL OSI Russia News

  • MIL-OSI China: More policy support for trade-ins

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

    China will further ramp up policy support and reinforce funding for large-scale equipment renewals and consumer goods trade-in programs to boost consumption and stabilize economic growth, officials and experts said.

    Amid a complex and challenging external environment, China’s economy is operating on a generally stable trajectory, with policymakers implementing more proactive macroeconomic policies and accelerating measures to stabilize employment and growth, according to the National Development and Reform Commission.

    The World Bank and the Organization for Economic Cooperation and Development have recently revised down their global growth forecasts by 0.4 and 0.2 percentage points, respectively, while maintaining largely stable projections for China’s economic growth.

    “With new measures being rolled out successively, we have the confidence and capability to minimize uncertainties and adverse impacts from external shocks, thereby promoting sustained and sound economic development,” Li Chao, deputy director of the policy research office of the NDRC, said in Beijing on Thursday.

    Funding support for equipment renewal through ultra-long special treasury bonds totals 200 billion yuan ($27.9 billion) this year. The first batch of approximately 173 billion yuan has been allocated to about 7,500 projects across 16 sectors, under the principle of dual review by local and central governments, according to NDRC.

    The application for the second batch of funds is currently undergoing concurrent project review and selection, Li added.

    “The NDRC will step up whole-process management of large-scale equipment renewal projects, accelerate project construction, enhance fund oversight and roll out discounted-interest loan policy to further reduce financing costs for business entities,” she said.

    When it comes to the consumer goods trade-in program, Li said that funding support from ultra-long special treasury bonds totals 300 billion yuan and the third batch of subsidies will be disbursed in July, after the first two batches totaling 162 billion yuan were disbursed in January and April, respectively.

    The NDRC will coordinate with relevant agencies to formulate sector-specific monthly and weekly implementation plans for central government subsidies, ensuring orderly year-round execution of the consumer goods trade-in program, Li noted.

    “As a key policy instrument, the timely disbursement and effective deployment of central government subsidies in the market demonstrate policy stability and sustainability,” said Zhou Mi, a researcher at the Chinese Academy of International Trade and Economic Cooperation.

    Regarding the development of related industries, Zhou said that reinforced policy support will deliver more sustainable assistance to the production and supply ecosystems of consumer goods.

    “Enhanced optimization of equipment renewal projects will help lower financing costs for relevant companies, advance technological upgrades and high-end equipment adoption among enterprises, boosting innovation in emerging sectors,” said Wang Peng, a researcher at the Beijing Academy of Social Sciences.

    For consumers, Wang said that streamlined subsidy procedures, expanded product choices and balanced fund disbursement will lower the cost of upgrading their consumer goods.

    “Driven by the dual engines of investment and consumption, the measures will propel industrial upgrading and green transition, optimizing China’s economic structure,” Wang said.

    MIL OSI China News