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  • MIL-OSI Russia: Visitors to the Moscow Estates festival can take quizzes in the Russpass game

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Residents and visitors of the capital will be able to test their knowledge of Moscow in quizzes of a virtual game, which is available in a mobile application tourist service Russpass. Completing them will help you earn bonuses faster to buy tickets to museums and other venues with a discount of up to 99 percent within the Russpass bonus program. You can go on your first game journey to the festival venues of the Moscow Estates project.

    How to participate in the quiz

    Virtual characters of the game – cartoons – live near historical landmarks, on the capital’s streets and in parks. You can find them using your smartphone and explore the city from a new angle. It is absolutely necessary to complete a quiz if such a task is offered by a cartoon. But in this case, more bonuses are awarded than just for catching cartoon characters.

    The quiz questions are about museum exhibits, the histories of masterpieces, architectural innovations and features of estates. For example, where does the name “Basmanny” come from? What architectural innovation emphasized the status of houses in the Arbatsky district in the 19th century? What is unique about the building of the Leo Tolstoy Museum-Estate in Khamovniki?

    To get a bonus, it is enough to answer at least two questions correctly. One quiz can be taken three times. Hints are available – the correct answers are on the exhibition stands inside the estate clusters. Hints can also be found on a special page of the service Ruspassdedicated to the festival. In order not to miss new quizzes, on the map with cartoons in the filter you should put a tick next to the swan icon.

    Residents of the capital and tourists over the age of 14 can take part in the game. To do this, you need to download the application Ruspass. After registration, a map of Moscow will open with the habitats of cartoons in different districts. The game sites are constantly changing so that the characters can visit different iconic places of the city. Bonuses received in the game can be spent on buying tickets to museums – partners of Russpass, on attractions, trips to master classes and more. Recently, the game became interregional: cartoons can be caught in St. Petersburg and Kazan.

    In addition, the augmented reality game based on the Russpass mobile application has been replenished with new summer cartoons that can be caught on the streets of the capital near the sights. They are created in the special style of the Summer in Moscow project. Among them are a butterfly, a bird, a squirrel, a robot and a cat — the mascot of the Russpass service. The cartoons will appear at more than 90 sites of the main project of the season — in parks, swimming pools, near the Made in Moscow art pavilions, on boulevards and central streets.

    Interesting Moscow

    The large-scale project “Moscow Estates”, which is held as part of the “Summer in Moscow” project, introduces city residents and tourists to the rich history and cultural heritage of the capital. In the new season, visitors will enjoy masterpieces of classical music, immersive performances, master classes for the whole family and other interactive formats that will help immerse themselves in the atmosphere of ancient estates – more than two thousand events in total. This summer, the number of venues increased to 50, and the festival program united three estate clusters in Khamovniki, on Arbat and in the Basmanny District.

    In 2020, the digital tourism service Russpass began operating. It was created on the initiative of the Moscow Government. The project is supervised by the capital Tourism Committee together withDepartment of Information Technology.

    Since its creation, the Russpass service has grown into a full-fledged ecosystem. Thanks to the service, it is easy to plan a trip, book tickets and a hotel, and select excursions. The online publication “Russpass-magazine” will help you learn everything about traveling around Russia. And for representatives of the tourism industry, the portal “Russpass. Business” has been operating since June 2023.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and the new season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Children will be able to explore the capital’s sights as part of “Summer in Moscow”

    Quickly find out the main news of the capital inofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/155869073/

    MIL OSI Russia News –

  • MIL-OSI Russia: /China Focus/ 2025 Summer Davos Discusses Interaction of Sustainable Development and AI in Global Cooperation

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    TIANJIN, June 26 (Xinhua) — Summer Davos 2025, a leading barometer of global economic trends and industrial transformation, has attracted a record number of participants in recent years, with more than 1,700 representatives from around the world.

    Its popularity is a testament to both the influence of the forum, which runs from Tuesday to Thursday in the northern Chinese city of Tianjin, and the unprecedented appeal of China’s mega-market.

    The forum, also known as the 16th annual meeting of the World Economic Forum (WEF) of emerging global leaders, is being held this year under the theme “Entrepreneurial Spirit for a New Era”.

    “This theme, which has been at the core of the meeting’s DNA since its inception, places particular emphasis on how innovation, entrepreneurship and technological advancement can unlock the potential for growth, competitiveness and productivity,” WEF Managing Director Mirek Dušek said at the forum’s opening press conference on Tuesday.

    This year’s event focuses on five key areas: interpreting the global economy, China’s prospects, industries in a changing world, investing in people and the planet, and new energy and materials.

    Unlike the WEF’s annual meeting in January in Davos, Switzerland, “Summer Davos” focuses more on the future of business and technological progress. This year’s forum not only showcases China’s achievements in high-quality economic development and its strong commitment to high-level opening up to the outside world, but also serves as a platform for actively sharing the opportunities and dividends of its development with the rest of the world.

    GREEN TRANSFORMATION

    On the roof of the Tianjin National Exhibition and Convention Center, where Summer Davos is being held for the first time, solar panels provide a continuous supply of clean energy to power the event site.

    According to State Grid Corporation of China, the forum achieved 100 percent green power supply for its facilities, using a total of 800,000 kWh of renewable electricity, equivalent to saving about 300 tons of standard fuel and reducing carbon emissions by about 600 tons.

    The event venue uses photovoltaic energy generation and sponge city technologies to replace traditional energy sources with renewable ones, reduce the carbon footprint of infrastructure and significantly improve the efficiency of energy, water and materials use.

    Sustainability is at the heart of WEF events, said Severin Podolak, Head of Event Management at WEF, adding that sofas and other furniture at venues are made from materials recycled in 2023, and some of the paint used in decoration comes from renewable resources such as fishing nets.

    In addition, a fleet of hundreds of electric vehicles from six leading car manufacturers, including Audi FAW, provides clean and low-carbon transportation for forum participants, contributing to the event’s carbon neutrality goals.

    The concept of green development was carefully and comprehensively integrated everywhere: from the design of the venues to the brochure with the forum agenda, where key topics such as Asian carbon markets and further steps in climate change adaptation became central points of discussions directly related to sustainable development.

    Green nitrogen fixation has been included in the WEF’s “Top 10 Breakthrough Technologies for 2025” list, alongside innovations such as participatory sensing and autonomous biosensing, further highlighting the trend towards sustainable development becoming a global priority.

    Today, China is the world leader in renewable energy investment and has pioneered transformative technologies in batteries and electric vehicles, creating millions of quality jobs in these promising sectors, said WEF Managing Director Jim Hui Neo.

    “I think there is huge potential in this area to learn from the Chinese experience, where constructive partnerships can be formed between China and other parts of the world to support the global energy transition,” she said, adding that “the climate emergency and the planetary crisis cannot be resolved unless everyone is united in this journey.”

    AI REVOLUTION

    The futuristic exhibition area has become a major attraction, where cutting-edge AI products such as humanoid robots, brain-computer interfaces, and fully autonomous drone inspection systems attract numerous visitors. These innovations vividly showcase the technological breakthroughs of Chinese enterprises and the pioneering application of AI.

    “China may have found the key to restarting global economic growth – its ‘AI Plus’ strategy,” said Liu Gang, chief economist at the China Institute of Next-Generation Artificial Intelligence Development Strategies.

    He explained that the integration of artificial intelligence with the real sector of the economy provides remarkable economic advantages. For example, his team’s research shows that the use of AI in the development of new materials can increase efficiency by 100-1000 times.

    Discussions on AI are unfolding with unusual intensity across the various sessions at Summer Davos 2025, mirroring the heated debates at other leading global forums. Notably, a special session on “Understanding China’s Approach to AI” will be convened, highlighting the growing international recognition of China’s key role in global AI development.

    “It will be like an industrial revolution,” former British Prime Minister Tony Blair said, speaking about new technologies at the forum. Countries that embrace it go up, and countries that don’t go down, he said.

    “I think understanding, harnessing and using the technological revolution is the greatest government challenge of the 21st century,” he said.

    GLOBAL SYNERGY

    Global growth forecasts are at their lowest in decades, according to the WEF. Reviving the spirit of cooperation will require unprecedented commitment and creativity.

    Nankai University Professor Tong Jiadong, who has long led the China Agenda Research Team for the Tianjin Summer Davos, noted that the event has evolved from a leading global summit of thought leaders into a dynamic platform for promoting international exchange and cooperation.

    Zhao Yan, Chairman and CEO of China’s Bloomage Biotech, is a regular participant in Summer Davos. Over the years, the company has built a global supply network in more than 70 countries and regions around the world.

    “Despite complex uncertainties, the enterprise has never resorted to isolationism, but instead strives to reformat the global rules of competition through open innovation,” Zhao Yan said.

    In the first five months of this year, China’s total import and export volume of goods grew by 2.5 percent year on year, and the consumption enthusiasm of foreign visitors to China increased significantly.

    “We value our cooperation with China very much. We are seeing increasing interest and engagement here,” said WEF President Borge Brende. “I am relatively optimistic about the Chinese economy in both the medium and long term,” he added. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Norway: Staff Concluding Statement for the 2025 Article IV Consultation Mission

    Source: IMF – News in Russian

    June 26, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Norway’s economy has shown resilience amid global uncertainty, supported by strong fiscal buffers and credible policy frameworks. Mainland real GDP growth is forecast to increase to 1.5 percent in 2025 (from 0.6 percent in 2024) and is projected to remain steady at around that level over the medium term. The labor market has held firm. Despite contractionary monetary policy, inflation remains above target; bringing inflation back to target is the most pressing near-term policy priority. The financial system is sound, and buffers are robust, but systemic vulnerabilities remain elevated, reflecting high levels of household debt and concentrated exposures to real estate. At the same time, macroprudential policy settings have been eased with the increase in the loan-to-value limit for mortgages earlier this year. Risks to the growth outlook are to the downside, driven by rising global policy and trade uncertainty; risks to the inflation outlook are balanced. The IMF staff’s main policy recommendations are: i) maintain the restrictive monetary policy stance until there is additional evidence that the recent easing of inflation has fully solidified; ii) do not ease macroprudential policy settings further, as financial stability risks could increase if downside risks to growth or upside risks to inflation materialize; iii) move towards a broadly neutral fiscal stance to enhance the coherence of the macroeconomic policy mix and lower the burden on monetary policy; and iv) continue advancing structural reforms aimed at increasing labor supply and inclusion.

    Context

    Norway’s economy has remained resilient despite tight financial conditions and ongoing global uncertainty. GDP continued to expand moderately last year, supported by high employment and supportive fiscal policy. Inflation has declined, though it remains above target, and financial stability risks, while elevated due to high household debt levels and concentrated exposures to the real estate sector, remain contained.

    Recent developments, outlook, and risks

    Economic activity strengthened in 2024. Overall real GDP grew by 2.1 percent, driven by record-high natural gas extraction. Mainland GDP expanded by 0.6 percent, primarily due to increased public spending, as activity in the construction and fishing sectors contracted, reflecting high borrowing costs and sector-specific challenges. Employment and hours worked increased, although the unemployment rate edged up to 4 percent. National accounts data and high frequency survey indicators point to resilient activity in the first part of 2025. Mainland GDP growth is forecast to rise to 1.5 percent in 2025, supported by easing financial conditions, an expansionary fiscal stance, and recovering real incomes. Over the medium-term, mainland GDP growth is expected to remain around its potential (1.5 percent).

    Inflation, despite a steady decline, remains above target. Services inflation and wage pressures have contributed to keeping inflation above the 2 percent target. However, recent developments point to slower-than-expected momentum in both headline and core inflation, partly due to one-off and base effects. Fiscal measures—such as those to stabilize electricity prices and reduce childcare costs—could lower inflation in the second half of the year. Under staff’s baseline scenario, headline and core inflation will fall to 2.2 and 2.6 percent by end-2025 and return to target by 2027. After holding the policy rate steady at 4.5 percent from January 2024, Norges Bank began normalizing monetary policy by lowering the rate to 4.25 percent in June and signaled that the policy rate will be reduced further in the course of 2025.

    The fiscal stance has become increasingly expansionary. While additional support to Ukraine in the revised budget is not expected to provide stimulus to the economy, overall, the 2025 budget implies a significant fiscal impulse. The structural non-oil deficit is projected to reach about 13 percent of trend mainland GDP, even as withdrawals from the Government Pension Fund Global (GPFG) are expected to remain below the fiscal rule’s 3 percent guideline (at around 2.7 percent of the GPFG’s 2024 market value). The government has also signaled alignment with NATO discussions to progressively increase defense spending toward 5 percent of GDP over the medium term.

    Risks to the growth outlook are tilted to the downside, while inflation risks are balanced. On growth, global tensions, including higher trade tariffs, could weigh on exports and investment, and continued tight financial conditions could further pressure highly indebted households and firms at a time when financial risks are elevated. Over the longer term, demographic headwinds and the expected structural erosion of oil-related revenues will weigh on economic resilience. Inflation could take longer to converge to target if domestic demand recovers faster than expected or higher oil prices put pressure on headline inflation. By contrast, further currency appreciation and higher productivity gains (e.g., from a faster-than-anticipated uptake of AI or automation) could bring inflation back to target more rapidly.   

    Policy recommendations

    Norges Bank should proceed cautiously with monetary policy normalization, ensuring there is further evidence that underlying inflation is firmly on a path back to target. Under staff’s baseline scenario, the current restrictive monetary policy is broadly appropriate to bring core inflation to target by 2027, even as medium-term inflation expectations and underlying inflation remain above target. The output gap is broadly closed, and inflation risks are balanced. While recent inflation developments are encouraging, further evidence of a decline in the trend of underlying inflation is needed to continue with the normalization of monetary policy.

    Norway’s strong monetary policy framework has served the economy well. After the adoption of inflation targeting in 2001, Norges Bank has operated with a high level of credibility and ranks among the most transparent central banks in the world. However, the current highly uncertain global outlook can present challenges for monetary policy formulation and implementation. Navigating rapidly evolving global developments and volatile data may require enhancements to the policy process. This could include expanding the use of scenario analysis—an approach Norges Bank has employed in the past—and refining communication strategies to maintain well-anchored expectations.

    The recent relaxation of the loan-to-value (LTV) limit for mortgages could increase financial vulnerabilities. Although households’ debt burden has stabilized, it remains high. A higher LTV limit may fuel further increases in house prices and household indebtedness, contributing to higher financial stability risks, particularly if downside risks to growth or upside risks to inflation materialize. Lasting improvements in housing affordability will require structural measures to address factors that keep prices elevated, including a relatively small rental market, limited land availability in urban areas, high construction costs, and a tax system that encourages mortgage debt. Gradually phasing-out mortgage interest deductibility (starting with a cap on income-tax deductions) would help curb speculative housing demand and enhance tax efficiency. Tightening eligibility for subsidized mortgages would also help manage housing demand and public spending.

    The financial system is sound with strong buffers, but further macroprudential easing should wait until systemic risks recede or financial disintermediation risks emerge. Continued close financial system monitoring is essential. Participation in the initiative to undertake a Nordic-Baltic regional stress test exercise would enhance the assessment of cross-border financial interlinkages and risks. Measures to address increased bank reliance on covered bonds are also welcome and would help mitigate interconnectedness risks. The current countercyclical capital buffer setting remains appropriate, but Norges Bank should be prepared to raise it if cyclical vulnerabilities increase. Priority should be given to preserving capital buffers, including by ensuring that banks’ models properly reflect credit risks and to strengthening contingency planning amid continued pressure on the commercial real estate (CRE) sector. Over the medium term, broadening the toolkit for CRE vulnerabilities could help address these in a more targeted manner during future upswings, and borrower-based-measures on CRE lending, as well as sector-specific capital surcharges to address risks from the insurance sector’s CRE exposures could be considered. Work to address the findings of the 2024 Nordic-Baltic crisis management exercise and the 2020 FSAP recommendations should continue.

    Moving towards a broadly neutral fiscal policy stance would support the disinflation effort and improve the coherence of the overall macroeconomic policy mix. The 2025 budget further expands the fiscal stimulus, with an estimated fiscal impulse of about 2.5 percent of trend mainland GDP. While the impact on domestic activity may be dampened by the composition of spending (including through imports and transfers abroad), the stimulus is still expected to provide a significant boost to the domestic economy.

    Enhancements to Norway’s robust fiscal framework would help ensure continued delivery of strong economic and social outcomes. Reinforcing countercyclicality and spending discipline would enhance fiscal resilience. Complementing the fiscal rule with explicit medium-term expenditure limits could reduce exposure to volatility from market-driven changes in the large and growing value of the GPFG and improve fiscal planning. Strengthening multi-year budgeting, improving public investment management, conducting more systematic spending reviews and setting efficiency targets would support more strategic resource allocation and enhance public service delivery. Benchmarking the setup of the Advisory Panel on Fiscal Policy Analysis against best international practices for independent fiscal councils and expanding its mandate would help further enhance the fiscal framework.

    Advancing fiscal reforms is essential to bolster resilience and support long-term growth. Tax reforms aimed at improving efficiency and broadening the revenue base remain a priority. Consolidating multiple VAT rates and enhancing incentives for work and investment would improve resilience of the tax system. Further measures to reform disability and sickness benefits, along the lines of past IMF recommendations, are needed to reduce work disincentives, increase labor force participation, and contain long-term fiscal costs. Sustained reform efforts are crucial to ensure long-term sustainability of fiscal policy in the face of rising structural spending pressures.

    A broad and ambitious reform agenda is essential to accelerate productivity growth and mitigate the effects of geoeconomic fragmentation. Advancing the “reinforced work line” agenda would reduce reliance on disability benefits, raise labor force participation among underrepresented groups—including youth and immigrants—and increase total hours worked. Strengthening education-to-work transitions, promoting full-time employment, and accelerating digitalization would further support productivity. Finally, further measures are likely to be needed to achieve Norway’s 2035 emission reduction targets.

    The IMF team thanks the Norwegian authorities and other counterparts for their hospitality and the constructive and insightful discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva-Maria Graf

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/25/norway-staff-concluding-statement-for-the-2025-article-iv-consultation-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Futu Announces Investment Grade Rating Reaffirmed by S&P Global Ratings

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that S&P Global Ratings (“S&P”) maintained stable outlook on the long-term rating and reaffirmed the Company’s long-term issuer credit rating at “BBB-”. Futu group, including the Company and all its subsidiaries, has a stand-alone credit profile of “bbb”.

    According to S&P, Futu demonstrates strong market positioning in Hong Kong and benefits from its substantial capital base and effective risk control mechanisms. S&P expects Futu to maintain steady growth in its overseas business by leveraging its robust brand equity, superior user experience, and cutting-edge technology infrastructure. Additionally, Futu will continue to uphold an adequate funding profile to support its business growth.

    About Futu Holdings Limited

    Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

    Investor Contact

    Investor Relations
    Futu Holdings Limited
    ir@futuholdings.com

    The MIL Network –

  • MIL-OSI: Futu Announces Investment Grade Rating Reaffirmed by S&P Global Ratings

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 26, 2025 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that S&P Global Ratings (“S&P”) maintained stable outlook on the long-term rating and reaffirmed the Company’s long-term issuer credit rating at “BBB-”. Futu group, including the Company and all its subsidiaries, has a stand-alone credit profile of “bbb”.

    According to S&P, Futu demonstrates strong market positioning in Hong Kong and benefits from its substantial capital base and effective risk control mechanisms. S&P expects Futu to maintain steady growth in its overseas business by leveraging its robust brand equity, superior user experience, and cutting-edge technology infrastructure. Additionally, Futu will continue to uphold an adequate funding profile to support its business growth.

    About Futu Holdings Limited

    Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

    Investor Contact

    Investor Relations
    Futu Holdings Limited
    ir@futuholdings.com

    The MIL Network –

  • MIL-OSI: Apollo Funds Agree to Sell MAFTEC to Advantage Partners

    Source: GlobeNewswire (MIL-OSI)

    TOKYO and NEW YORK, June 26, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that funds managed by its affiliates (the “Apollo Funds”) have agreed to sell their interest in MAFTEC Group Co., Ltd. (“MAFTEC” or the “Company”), a Japan based global leader in ultra-high temperature heat insulating solutions serving the automotive and industrial end-markets, to funds managed by Advantage Partners.

    MAFTEC was formed through the separation of Mitsubishi Chemical’s Thermal and Emission Control Materials business, which was acquired by the Apollo Funds in March 2022. As a strategic partner, the Apollo team played a pivotal role in supporting the design and launch of the MAFTEC™ product suite, which helped to form the Company’s foundation in the marketplace and drove significant EBITDA expansion over the past three years.

    “We are proud to have supported MAFTEC’s launch as a standalone company and of the strong results the management team has achieved during our funds’ ownership. Driven by innovative material processing technology, the Company has developed leading new products and delivered significant growth and profitability in a challenging global business environment. We are confident that MAFTEC is well-positioned for long-term growth, and we wish the entire team continued success in its next chapter,” said Tetsuji Okamoto, Lead Partner, Japan, and Head of Private Equity – Asia Pacific at Apollo.

    Kosuke Matsuzaki, Representative Director and CEO of MAFTEC, said, “Apollo’s industry and operational expertise were instrumental to successfully executing MAFTEC’s separation from Mitsubishi Chemical and its standalone strategy, and we thank the Apollo team for their unfailing support and world-class partnership. I look forward to working with the Advantage Partners team to continue building our business in a way that benefits our customers, our employees and our investors.”

    The Apollo Funds’ investment in MAFTEC showcases Apollo’s track record as a solution provider and strategic partner of choice to some of Japan’s leading conglomerates. Apollo Funds’ private equity investments in Japan include Panasonic Automotive Systems and Altemira, the holding company for Resonac and Mitsubishi Materials’ aluminum beverage can business.

    The transaction is expected to close in the second half of 2025, subject to satisfaction of closing conditions.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

    Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: CloudBees accelerates European momentum

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 26, 2025 (GLOBE NEWSWIRE) —  CloudBees, a world-leading enterprise DevOps development solution, has reached significant milestones in its European expansion, following the 2022 appointment of CEO Anuj Kapur.

    With more than 110,000 developers using CloudBees across its EMEA business, the region now accounts for about a quarter of the global ARR and customer base, cementing the company’s position as a key player in the region. This presence builds on the sustained investment from CloudBees across the region, where there are now over 160 employees and the business continues to actively hire across main hubs in the UK, France, Germany, and the Middle East region.

    As of March 2025, the company supports over 100 enterprise customers across Europe, including HSBC, BNP Paribas, DZ Bank, Worldpay, and Tesco Bank. It continues to attract marquee ‘Global 2000’ brands from a wide range of industries, reflecting growing demand for enterprise-ready DevOps solutions in the region.

    “EMEA is one of the fastest-growing regions for enterprise software delivery, and CloudBees is making an important investment to meet that momentum,” said Philippe Van Hove, VP, Sales EMEA at CloudBees, who joined in April 2024 in this newly created role.

    “We’re building an expert team across the region to support our customers’ most complex DevOps challenges, from hybrid cloud environments to AI-enhanced delivery. This expansion marks the beginning of a long-term commitment to helping organizations scale securely, ship faster, and stay ahead.”

    Global momentum
    15 years since its founding, CloudBees has grown into a team of over 500, surpassed $150 million USD in global ARR, achieved profitability, and now supports over 500,000 developers.

    Today, the company enables hundreds of enterprises to accelerate innovation, improve efficiency, and reduce security risks. As part of its go-to-market strategy, CloudBees has built a robust global partner network, including AWS, Perficient, Aliado, Cognizant, and SPKAA and a global customer base, such as Salesforce, Adobe, Accenture, Mount Sinai Health System and others.

    In recent weeks, CloudBees announced CloudBees Unify, the industry’s most open and flexible DevOps solution, which enables organizations to consolidate governance, standardise security, and accelerate delivery without discarding existing systems. Unlike traditional DevOps platforms, CloudBees Unify acts as an operating layer on top of any existing toolchain, using an open and modular architecture that connects seamlessly with popular tools like GitHub Actions and Jenkins.

    Pioneering AI-powered software development
    Following its 2024 acquisition of AI-driven testing company Launchable, CloudBees launched “CloudBees Smart Tests”, an AI-augmented QA testing tool. Early customers, including LY Corporation and GoCardless, have reported dramatic improvements in testing efficiency – including a 50% reduction in machine hours, 90% decrease in test execution time, and 40% reduction in build times.

    The acquisition saw former CloudBees employee Jenkins-creator Kohsuke Kawaguchi return to the company at this critical growth stage.

    “We’re proud to be helping some of Europe’s leading enterprises solve their most complex development challenges. As developer demands grow, our focus remains on delivering scalable, secure, and compliant solutions that help teams move faster and thrive in the AI era,” said Anuj Kapur, CEO of CloudBees, who served as Chief Strategy Officer at Cisco and President at SAP before taking the helm at CloudBees in 2022.

    In 2024, Forrester reported that using CloudBees’ product suite brought its customers’ downtime to almost zero, and efficiency and security gains saw an ROI of 426%. By year two of partnering with CloudBees, total lost developer hours reduced by 99%, saving $4.5 million, which reached $10.6 million by year three. Software pipelines also increased by as much as 60% over a five-year period.

    About CloudBees

    CloudBees is a leading DevOps solution for enterprises navigating the complexity of modernizing software development at scale. Built for global enterprises, CloudBees bridges the gap between legacy systems and emerging technologies, helping organizations innovate securely, intelligently, and on their own terms.

    As the industry’s most open and flexible DevOps solution, CloudBees integrates with any developer tool, allowing teams to build better, faster, and safer across any environment. CloudBees automates and optimizes software delivery at scale with continuous compliance and enterprise-grade governance built-in, accelerated with AI capabilities.

    Founded in 2010, CloudBees is backed by Goldman Sachs, Morgan Stanley, Bridgepoint Capital, HSBC, Golub Capital, Delta-v Capital, Matrix Partners, and Lightspeed Venture Partners.

    Visit us at www.cloudbees.com.

    Contact

    Toby Andrews – Ballou PR
    cloudbeeseu@balloupr.com

    The MIL Network –

  • MIL-OSI United Kingdom: If you take a GLP-1 medicine and have been hospitalised by acute pancreatitis, the Yellow Card Biobank wants to hear from you 

    Source: United Kingdom – Executive Government & Departments

    Press release

    If you take a GLP-1 medicine and have been hospitalised by acute pancreatitis, the Yellow Card Biobank wants to hear from you 

    GLP-1 medicines are licensed for Type 2 diabetes and weight management, and include the branded products Ozempic, Mounjaro and Wegovy 

    The pioneering Yellow Card Biobank, launched by the Medicines and Healthcare products Regulatory Agency (MHRA) and Genomics England, will start investigating whether the risk of acute pancreatitis (inflamed pancreas) from GLP-1 injections for weight loss and Type 2 diabetes may be influenced by an individual’s genes.   

    Patients who have been hospitalised with acute pancreatitis suspected to be related to glucagon-like peptide-1 receptor agonists (GLP-1 medicines), such as Ozempic and Mounjaro, are being asked to report it to the MHRA’s Yellow Card scheme. These medicines are sometimes referred to colloquially as “skinny jabs” although they are licensed for both weight loss and Type 2 diabetes.   

    Healthcare professionals are also being asked to help recruit for the study by reporting Yellow Cards on behalf of patients experiencing acute pancreatitis while taking GLP-1 medicines.    

    When a Yellow Card report is received, the MHRA will contact patients to ask if they would be willing to take part in the Biobank study. This would involve providing further information and submitting a saliva or spit sample which will be used to explore whether some people are at a higher risk of acute pancreatitis when taking these medicines due to their genetic makeup, with the overall aim of reducing the occurrence of these side effects in the future.  

    Dr Alison Cave, MHRA Chief Safety Officer said: 

    Evidence shows that almost a third of side effects to medicines could be prevented with the introduction of genetic testing. It is predicted that adverse drug reactions cost the NHS more than £2.2 billion a year in hospital stays alone.    

    Information from the Yellow Card Biobank will help us to better predict those most at risk of adverse reactions – enabling patients across the UK to receive the safest medicine for them, based on their genetic makeup.  

    To help us help you, we’re asking anyone who has been hospitalised with acute pancreatitis while taking a GLP-1 medicine to report this to us via our Yellow Card scheme.   

    Even if you don’t meet the criteria for this phase of the biobank study, information about your reaction to a medication is always extremely valuable in helping to improve patient safety.

    Professor Matt Brown, Chief Scientific Officer of Genomics England, said:     

    GLP-1 medicines like Ozempic and Wegovy have been making headlines, but like all medicines there can be a risk of serious side effects. We believe there is real potential to minimise these with many adverse reactions having a genetic cause.   

    This next step in our partnership with the MHRA will generate data and evidence for safer and more effective treatment through more personalised approaches to prescription, supporting a shift towards an increasingly prevention-focused healthcare system.

    Although infrequent, acute pancreatitis has been reported with GLP-1 medicines. This can be serious. The main symptom of this is severe pain in the stomach that radiates to the back and does not go away. Anyone who experiences this should seek immediate medical help.  

    The Yellow Card Biobank aims to help understand how a patient’s genetic makeup can impact the safety of their medicines and forms part of a long-term vision for more personalised medicine approaches. Approved scientists will use the genetic information in the Yellow Card Biobank to investigate whether a side effect from a medicine was caused by a specific genetic trait. Ultimately this will enable healthcare professionals to personalise prescriptions using rapid screening tests, so patients across the UK will receive the safest medication for them, based on their genetic makeup.  

    Side effects continue to be a significant burden on the NHS and studies have shown they account for one in six hospital admissions. Screening tests provide the opportunity to reduce the likelihood of these adverse drug reactions from happening.  

    The MHRA will request a saliva sample from everyone who takes part in the Yellow Card Biobank study. Saliva testing kits will be posted to participants at their home. It is quick and easy to provide a sample. Instructions will be provided along with a prepaid postage envelope.   

    Notes to Editors  

    • Glucagon-like peptide-1 receptor agonists (GLP-1 or GLP-1 RAs) are medicines that help people feel fuller by mimicking a natural hormone released after eating. Some newer medicines, like Mounjaro, also act on a second hormone involved in appetite and blood sugar control. These have been referred to in the media as “weight loss injections” or “skinny jabs”, but not all are authorised for weight loss.    

    • The Yellow Card Biobank is looking to recruit patients across the UK aged 18 or over who were hospitalised after experiencing acute pancreatitis after taking a GLP-1 medicine. If you are unsure whether you are or were taking one of these medicines, check the label to see what the active ingredient is – it should say semaglutide, liraglutide, lixisenatide, dulaglutide, exenatide or trizepatide. Alternatively, speak to a healthcare professional.  

    • Healthcare professionals are asked to report Yellow Cards on behalf of patients who are taking GLP-1 medicines (including dual GLP-1 and GIP agonists) and experience acute pancreatitis. While completing the Yellow Card, select “Yes” when asked if you agree to be contacted about the Yellow Card Biobank. If the patient is eligible, the team will be in touch to ask for your help in contacting the patient. The Yellow Card Biobank also works directly with healthcare professionals to refer patients, please see the website for more information or to get in touch with the team.    

    • The MHRA has issued recent guidance on how to use these medicines safely.   

    • The first phase of the Biobank campaign was to recruit patients who experienced severe reactions to direct oral anticoagulants (DOACs) and allopurinol.    

    • The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe.  All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks.  

    • The MHRA is an executive agency of the Department of Health and Social Care.  

    • Genomics England is a company established and wholly owned by the Department for Health and Social Care. It is a global leader in enabling genomic medicine and research, focused on creating a world where everyone benefits from genomic healthcare. Building on the 100,000 Genomes Project, it supports the NHS’s world-first national whole genome sequencing service and runs the growing National Genomic Research Library alongside delivering numerous major genomics initiatives.  

    • This project forms part of the Government’s Life Sciences Vision.    

    • For media enquiries, please contact the newsdesk@mhra.gov.uk or call 020 3080 7651

    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom –

  • India’s strategic partnership with G7 to boost world trade: Study

    Source: Government of India

    Source: Government of India (4)

    A strategic collaboration in areas including clean and renewable energy, climate finance, Digital Public Infrastructure, trade and supply chain resilience, as well as, healthcare and pharma will drive a mutually beneficial growth trajectory between India and the G7 advanced countries, according to a study released on Thursday.

    The study released by the PHD Chamber of Commerce and Industry also mentioned the importance of maritime and Indo-Pacific security as a strategic factor that further cements the relationship between India and the G7 countries.

    The report highlighted that India’s merchandise trade with G7 countries has surged by 61 per cent, rising from $154 billion in FY 2020–21 to $248 billion in FY 2024–25, maintaining a steady trade surplus. This reflects India’s growing export competitiveness as indicated by the commodity net export price index, bolstering its external sector resilience, the report pointed out.

    “India’s consistent real GDP growth makes the country a key growth driver for the world economy. The transformative reforms, including GST, Insolvency and Bankruptcy Act, Production Linked Incentive Scheme, growing digital infrastructure (Aadhaar, UPI) and ‘Make in India’ are strengthening India’s ascendancy in the World,” said Hemant Jain, president, PHD Chamber of Commerce and Industry.

    With an average real GDP growth of more than 8 per cent from 2021 to 2024, India has consistently outpaced all G7 members. IMF’s 2025 projections indicate that India will maintain an average growth trajectory above 6 per cent through 2029, supported by robust domestic demand, sound macroeconomic fundamentals, and its demographic dividend.

    In terms of purchasing-power-parity (PPP) terms, India’s share in global GDP has surged from 7 per cent in 2020 to 8.3 per cent in 2024, and is anticipated to exceed 9 per cent by 2029, the report points out.

    A crucial underlying factor is the demographic divergence between India and the G7. India’s working-age population (15–64 years) is projected to increase in the coming years, with over 68 per cent of its population currently between 15-64 years. This demographic dividend supports labour supply expansion, boosts domestic consumption, and enhances the innovation ecosystem through a vibrant startup culture and rising tertiary education enrolment, the report states.

    Further, India’s share of the total population aged 65 and above constitutes less than 5 per cent (2025). Conversely, G7 nations are confronting demographic headwinds as their share is more than 10 per cent, highlighting rapidly ageing populations, shrinking labour pools, and rising old-age dependency ratios.

    By 2030, this share is expected to double or more than double for the G7 economies. This is likely to slow potential output, reduce consumer demand, and increase fiscal burdens related to pensions and healthcare, the report further states.

    Prime Minister Narendra Modi, in his address at the G7 summit, underscored India’s leadership in clean energy transition, climate action, and digital innovation. Key global initiatives led by India – the International Solar Alliance, Mission LiFE, and the Global Biofuels Alliance – are shaping a greener, more inclusive world.

    In the technology and digital governance space, India highlighted its commitment to a human-centric and ethical approach to AI, showcasing initiatives like BHASHINI and Digital Public Infrastructure (DPI) as global models, he said.

    The Prime Minister urged for global cooperation on AI governance, resilient tech supply chains, and curbing the misuse of emerging technologies.

    (With inputs from IANS)

  • India’s strategic partnership with G7 to boost world trade: Study

    Source: Government of India

    Source: Government of India (4)

    A strategic collaboration in areas including clean and renewable energy, climate finance, Digital Public Infrastructure, trade and supply chain resilience, as well as, healthcare and pharma will drive a mutually beneficial growth trajectory between India and the G7 advanced countries, according to a study released on Thursday.

    The study released by the PHD Chamber of Commerce and Industry also mentioned the importance of maritime and Indo-Pacific security as a strategic factor that further cements the relationship between India and the G7 countries.

    The report highlighted that India’s merchandise trade with G7 countries has surged by 61 per cent, rising from $154 billion in FY 2020–21 to $248 billion in FY 2024–25, maintaining a steady trade surplus. This reflects India’s growing export competitiveness as indicated by the commodity net export price index, bolstering its external sector resilience, the report pointed out.

    “India’s consistent real GDP growth makes the country a key growth driver for the world economy. The transformative reforms, including GST, Insolvency and Bankruptcy Act, Production Linked Incentive Scheme, growing digital infrastructure (Aadhaar, UPI) and ‘Make in India’ are strengthening India’s ascendancy in the World,” said Hemant Jain, president, PHD Chamber of Commerce and Industry.

    With an average real GDP growth of more than 8 per cent from 2021 to 2024, India has consistently outpaced all G7 members. IMF’s 2025 projections indicate that India will maintain an average growth trajectory above 6 per cent through 2029, supported by robust domestic demand, sound macroeconomic fundamentals, and its demographic dividend.

    In terms of purchasing-power-parity (PPP) terms, India’s share in global GDP has surged from 7 per cent in 2020 to 8.3 per cent in 2024, and is anticipated to exceed 9 per cent by 2029, the report points out.

    A crucial underlying factor is the demographic divergence between India and the G7. India’s working-age population (15–64 years) is projected to increase in the coming years, with over 68 per cent of its population currently between 15-64 years. This demographic dividend supports labour supply expansion, boosts domestic consumption, and enhances the innovation ecosystem through a vibrant startup culture and rising tertiary education enrolment, the report states.

    Further, India’s share of the total population aged 65 and above constitutes less than 5 per cent (2025). Conversely, G7 nations are confronting demographic headwinds as their share is more than 10 per cent, highlighting rapidly ageing populations, shrinking labour pools, and rising old-age dependency ratios.

    By 2030, this share is expected to double or more than double for the G7 economies. This is likely to slow potential output, reduce consumer demand, and increase fiscal burdens related to pensions and healthcare, the report further states.

    Prime Minister Narendra Modi, in his address at the G7 summit, underscored India’s leadership in clean energy transition, climate action, and digital innovation. Key global initiatives led by India – the International Solar Alliance, Mission LiFE, and the Global Biofuels Alliance – are shaping a greener, more inclusive world.

    In the technology and digital governance space, India highlighted its commitment to a human-centric and ethical approach to AI, showcasing initiatives like BHASHINI and Digital Public Infrastructure (DPI) as global models, he said.

    The Prime Minister urged for global cooperation on AI governance, resilient tech supply chains, and curbing the misuse of emerging technologies.

    (With inputs from IANS)

  • MIL-OSI China: China’s clean energy drive powers global sustainable development

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

    Despite the scorching heat, indoor spaces at the Summer Davos Forum venue in the northern Chinese city of Tianjin stay cool as green electricity keeps the air conditioning running smoothly.

    Two local renewable energy providers supply 800,000 kWh of green electricity — ensuring 100 percent renewable power for the entire event held at the National Convention and Exhibition Center (Tianjin). That’s equivalent to replacing approximately 300 tonnes of standard coal consumption and cutting carbon dioxide emissions by 600 tonnes, according to State Grid Corporation of China (State Grid).

    In addition, solar panels on the venue’s rooftop are also providing a steady supply of green electricity for the event.

    Themed “Entrepreneurship for a New Era,” the 16th Annual Meeting of the New Champions, also known as the Summer Davos, has been held from June 24 to 26 at the 1.38 million-square-meter National Convention and Exhibition Center (Tianjin). The event has attracted over 1,700 leading figures from more than 90 countries and regions.

    During the forum, clean energy — particularly its rapid development in China and global influence — has become a heated topic of discussion.

    “We have already seen great results in China for its application of new technologies, for example, solar energy. China has been leading very much in the field of renewables,” World Economic Forum President Borge Brende highlighted during the event.

    China has been taking concrete steps toward its commitment to peak carbon emissions before 2030 and achieve carbon neutrality before 2060. Over the years, the country has made remarkable progress in clean energy development, emerging as a global leader driving both domestic decarbonization and international sustainable development.

    In 2024, 86 percent of newly installed power capacity in China came from renewable energy sources, while the share of cumulative installed renewable capacity rose to a record high of 56 percent of the national total, official data showed.

    “China’s robust industrial foundation is accelerating the growth of green industries, including renewable equipment manufacturing, green transportation, eco-friendly infrastructure, and low-carbon construction. On the path toward global decarbonization, China has become an indispensable force,” said Yin Zheng, executive vice president of China and East Asia Operations at Schneider Electric, a global leader in energy management and industrial automation. The company has been a regular participant at Summer Davos.

    “By leveraging China’s industrial development momentum, Schneider Electric has been globalizing its green R&D achievements cultivated in China,” Yin said, adding that the company is collaborating with Chinese partners to develop energy infrastructure projects in Belt and Road Initiative participating countries, facilitating local energy transitions and economic growth.

    Schneider Electric plans to empower China’s green industrial upgrade with more innovative technologies and solutions, extending the benefits of sustainable productivity worldwide, he noted.

    JinkoSolar, a leading photovoltaic supplier, has expanded its clean energy products to many countries, including the United States, United Arab Emirates, Saudi Arabia and Chile.

    “Sunlight knows no borders, and neither should clean energy. We are committed to globalizing our technological innovations to benefit communities worldwide,” said Qian Jing, global vice president of JinkoSolar Holding Co., Ltd. 

    MIL OSI China News –

  • MIL-OSI China: AI drives smart upgrade of China’s manufacturing industry

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

    Artificial intelligence has accelerated the transformation of traditional manufacturing in China, helping the country shift from a manufacturing giant to an innovation powerhouse, said industry leaders at the ongoing Summer Davos Forum in north China’s Tianjin Municipality.

    Li Dongsheng, co-chair of this year’s Davos and chairman of Chinese electronics giant TCL, said technologies, such as AI and robots will lead a new round of industrial transformation and transform economic growth models.

    TCL is investing heavily in key technologies, including edge intelligence, AI, and digital twins to strengthen digital manufacturing capabilities, according to the company.

    For instance, its China Star Optoelectronics Technology (CSOT) has applied an AI-based detection system in the production of liquid-crystal displays (LCDs) to monitor processes in real time. With smarter equipment operations, the company has enhanced product yield and increased efficiency by 70 percent.

    Another Chinese company Tianjin Huabei Group has also undergone a major digital shift. “Based on historical production data and AI algorithms, we have developed an intelligent mapping model that enables post-order product customization,” said Ling Yulan, CEO of the company. “The system can automatically match the optimal production parameters to meet personalized demands while improving delivery efficiency.”

    She emphasized that achieving intelligent manufacturing requires both technological upgrades and shifts in development mindset. “Through the forum, we hope to explore cutting-edge solutions, deepen industrial chain cooperation and promote the development of new quality productive forces of enterprises.”

    Similar transformations have also taken place in Chinese liquor producer Luzhou Laojiao. It has shifted from “experience-based decision-making” to “data-driven operations” through digital twin technologies.

    Liu Miao, chairman of the company said that the company has digitally replicated its facilities at a 1:1 scale and utilized digital twin simulations to streamline material flows before construction.

    “This system has increased equipment utilization by 45 percent, improved emergency response efficiency by 40 percent, and reduced operation and maintenance costs by 25 percent,” Liu said.

    China is now home to more than 30,000 basic-level smart factories, 1,200 advanced-level and over 230 excellence-level smart factories.

    The 230 excellence-level factories cover over 80 percent of manufacturing sectors. This achievement highlights the significant progress that has been made in reshaping the country’s manufacturing landscape.

    On average, they have shortened research and development cycles by 28.4 percent, boosted productivity by 22.3 percent, reduced defect rates by 50.2 percent, and cut carbon emissions by 20.4 percent.

    The rise of smart manufacturing is also reflected in economic data.

    Data from the National Bureau of Statistics shows that in May of this year, the value-added output of digital product manufacturing above designated size increased by 9.1 percent, while output of intelligent equipment and electronic components and equipment manufacturing industries rose by 17.5 percent and 11 percent respectively.

    Driven by large AI models, the output of servers has increased by 2.2 times, and the output of intelligent products such as 3D printing equipment, industrial robots, and service robots has increased by 40.0 percent, 35.5 percent, and 13.8 percent respectively.

    Themed “Entrepreneurship for a New Era,” this year’s Summer Davos has seen record attendance for recent years, with over 1,700 participants traveling from around the world.

    Cutting-edge AI products displayed at the forum such as humanoid robots, brain-computer interfaces and fully autonomous drone inspection systems are drawing large crowds of attendees. These innovations vividly showcase Chinese enterprises’ technological breakthroughs and pioneering applications of AI.

    MIL OSI China News –

  • MIL-OSI United Kingdom: NDA launches pioneering robotics partnership to manage nuclear waste

    Source: United Kingdom – Executive Government & Departments 2

    News story

    NDA launches pioneering robotics partnership to manage nuclear waste

    Nuclear Decommissioning Authority (NDA) group announces pioneering partnership to deploy innovative technology to manage radioactive waste.

    Demo robotic arm to sort and segregate waste

    The Nuclear Decommissioning Authority (NDA) group has today announced a pioneering partnership which will see innovative technology deployed for the first time on a nuclear site to remotely and autonomously sort and segregate radioactive waste.

    The NDA has committed to invest up to £9.5m in the project over four years, which is a collaboration with Nuclear Restoration Services (NRS), Sellafield and Nuclear Waste Services (NWS).

    The project, Auto-SAS, will be delivered jointly by AtkinsRéalis and Createc, working in partnership as ARCTEC to combine their joint experience and track record of developing automated systems and robotics in nuclear. They will take learning from the solutions they developed in an earlier innovation competition to develop a system which will be deployed on the NRS Oldbury, former nuclear site.

    Melanie Brownridge, NDA Chief R&D Officer, said:

    This is a hugely exciting project for us, using robotics to autonomously sort and categorise waste and has the potential to save hundreds of millions of pounds in waste storage and disposal costs.

    It’s a great example of collaboration across the NDA group and supply chain to develop transformative solutions to decommissioning challenges which enable us to deliver our mission safely and efficiently.

    Our ambition is to use what we learn here to benefit multiple sites in the NDA group and potentially beyond.

    Manual segregation of radioactive waste is complex and hazardous due to the nature of the material, so caution is exercised and where waste is mixed it’s currently all categorised as Intermediate Level Waste (ILW) or Plutonium Contaminated Material (PCM) rather than being sorted by type or radioactivity.

    Using robotics provides the ability to use technology to more accurately categorise the waste, avoiding using more costly waste routes when they aren’t required, while also removing people from hazardous environments and giving them the opportunity to develop new skills.

    Energy Minister, Michael Shanks, said:

    This cutting-edge partnership represents exactly the kind of innovation the UK needs to lead the world in safe, efficient nuclear decommissioning. It will put the Nuclear Decommissioning Authority at the forefront of using robotics to sort nuclear waste. Not only will this help protect and upskill workers, but by investing in technologies like this, we can ensure better value for taxpayers and potentially save hundreds of millions of pounds.

    Auto-SAS will be deployed on the NRS Oldbury site in South Gloucestershire initially and will be used to separate low level waste from intermediate level waste which has been retrieved from the vaults on site – created when the power station was operational.

    Andrew Forrest, NRS Chief Technical Officer, commented:

    This collaboration brings a game changing opportunity to accelerate our waste management and help deliver the decommissioning mission sooner, safely and cost effectively. I know the Oldbury team is excited to be part of the project and be a centre of innovation for the NDA group.

    The ARCTEC system will use a combination of sensors to categorise the waste before robotic manipulators grasp and consign waste items to the most appropriate waste route.

    Robert Marwood, Head of Robotics and Technology for AtkinsRéalis said on behalf of ARCTEC:

    This is an ambitious project with the potential to automate a time-consuming process and develop a scalable system that segregates hazardous materials safely and efficiently.

    AtkinsRéalis and Createc have a strong track record in developing and deploying advanced robotic systems in nuclear decommissioning. We are excited to be able to combine this expertise to collaborate and help the NDA achieve effective and optimised waste management for the UK’s legacy nuclear sites.

    The ambition is to transfer learning to support future deployments at other NDA group sites, for example Sellafield.

    Rav Chunilal, Head of Robotics and Artificial Intelligence at Sellafield Ltd, said:

    At Sellafield we’ve experienced first-hand how robotics and autonomous systems can revolutionise nuclear operations.

    Auto-SAS builds on that momentum, protecting our people and unlocking new levels of precision and efficiency in waste categorisation. And it has great potential to set a new standard for waste management across the NDA group.

    Gareth Garrs, Head of Waste Inventory and Compliance at Nuclear Waste Services, said:

    This is another strong example of collaboration across the NDA group, with NWS providing waste management advice and expertise to the nuclear industry around future waste disposals.

    With the increased deployment of these types of innovative technologies, NWS brings unique expertise in the management of radioactive waste which will ensure we deliver the significant benefits in terms of safety and efficiency.

    The project is being undertaken in two phases. Phase 1 runs from June 2025 to August 2027 and will deliver a fully operational system in an inactive environment. Phase 2 will deliver an active demonstration of the system at Oldbury.

    To find out more about this project and previous competitions on Autonomous sort and segregation of nuclear waste visit: Five UK companies have progressed through to the next phase of a £5.5 million radioactive waste segregation competition. – GOV.UK or watch: ISOSort – Sorting and Segregating Nuclear Waste.

    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Speech by SCED at US Independence Day reception (English only)

    Source: Hong Kong Government special administrative region

    Following is the speech by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the United States of America (US) Independence Day reception today (June 26):
     
    Consul General May (Consul General of the US in Hong Kong and Macau, Mr Gregory May), ladies and gentlemen,
     
    Good afternoon. I am pleased to join you all today. This is a special occasion to acknowledge the deeply rooted ties between Hong Kong and the US. In fact, this year marks the 182nd anniversary of the US’s diplomatic presence in Hong Kong. The longstanding ties that connect Hong Kong and the US, in the fields of economics, trade, culture, and many more, are very important.
     
    In the latest World Competitiveness Yearbook 2025 published by the International Institute for Management Development, Hong Kong’s global competitiveness rises by another two places to third globally. And in the 2025 Business Sentiment Survey conducted by the American Chamber of Commerce in Hong Kong (AmCham), 75 per cent of respondents viewed Hong Kong as highly competitive or competitive as an international business hub. Hong Kong adds value to US enterprises and business people, their services and their future.
     
    In the area of trade, over the past decade alone, the US has enjoyed a trade surplus of US$271.5 billion with Hong Kong, one of the highest among the US’s trading partners. Also, in 2024, the number of US regional headquarters, regional offices and local branches in Hong Kong has increased from around 1 200 to 1 390. According to AmCham, the US’s trade in goods with Hong Kong supports about 140 000 jobs in the US, covering a wide range of sectors from agriculture to fashion and manufacturing. The US enjoys significant economic benefits in Hong Kong.
     
    The figures I just outlined speak for the fact that free trade unimpeded by protectionist measures, including the so-called reciprocal tariff, is the formula for growth and mutual benefits. As the freest economy in the world, we have all along supported and practised free trade. We strongly disapprove of the additional duty imposed by the US on products from Hong Kong, which is illogical given Hong Kong’s status as a free port. It harms the interests of both sides and is inconsistent with WTO (World Trade Organization) rules. We call for the early rectification of these unfair and unjustified trade-impeding measures.
     
    Notwithstanding the challenges brought by an uncertain global economic outlook and the impact of geopolitics, we remain firmly committed to the rules-based multilateral trading system and free trade. The continued implementation of free trade policies and zero-customs tariffs provides the much needed certainties for businesses in Hong Kong. We will continue to strengthen our international ties and open up more overseas markets.
     
    In 2024, Invest Hong Kong assisted 539 enterprises in establishing and expanding their businesses in Hong Kong, representing an increase of over 40 per cent as compared with the full year figure of 2023. Apart from the Mainland being the largest place of origin, the US ranked second. I would like to assure all of you that Hong Kong welcomes all sorts of overseas investments including those from the US, and we remain your trusted partner and the preferred platform for collaboration in international trade and businesses.
     
    Ladies and gentlemen, the shared interests between Hong Kong and the US have allowed us to develop a multifaceted and longstanding relationship over the past 182 years. Though there are differences, we may set our eyes on our shared interests based on the principles of mutual respect and fairness, which are instrumental in the mutual success of Hong Kong and the US. We hope our friends in the US will share this thought and join us to navigate the Hong Kong-US relationship into a better future.
     
    Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Northern Markets Arms Investors for Volatile Markets

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 26, 2025 (GLOBE NEWSWIRE) — Northern Markets, a global investment firm, has launched its new “Volatility Toolkit” to help traders handle unpredictable market conditions. The new tools are designed to support faster, more focused decisions when markets are moving quickly.

    With market swings becoming more common, many investors are struggling to manage risks. Northern Markets says the new toolkit offers practical features that give users better control and awareness during uncertain times.

    Helping Traders Stay Focused in Fast Markets

    The Volatility Toolkit includes real-time market indicators, new risk control settings, and simpler access to hedging tools. All features are built directly into the platform dashboard. This makes it easier for users to track market changes without needing extra software or switching screens.

    Northern Markets says these tools don’t predict the market but are made to help users stay clear-headed and organized when prices move suddenly.

    “When things get wild, people just want clear info and quick options,” the spokesperson added. “We built these tools to cut the noise and help users stay calm and make smarter choices.”

    The features are available to traders across all asset classes, including crypto, stocks, indices, and commodities. The toolkit works for both beginners and experienced users.

    Real-Time Alerts and Better Visibility

    The upgrade includes real-time notifications that notify users of sudden changes in the market or in risk levels, in addition to the basic features. With the aid of these notifications, investors may take swift action without spending all day staring at charts.

    The platform’s chart system has also been upgraded to respond faster, even during busy trading hours. This means less delay and better visibility during critical moments.

    “This update is really about staying in the loop,” the spokesperson said. “When markets go crazy, emotions take over. This gives people a way to stay focused and avoid panic.”

    The company clarified that although the toolkit is beneficial, it does not make losses inevitable. Its primary aim is to make the investors remain vigilant and make sound choices in difficult circumstances.

    Listening to What Traders Want

    Northern Markets says the new toolkit was shaped by direct feedback from users. Many traders asked for simpler tools and quicker access to key market signals. The company took that feedback and built features that respond to those needs.

    “A lot of traders told us they feel overwhelmed when markets shift fast,” said the spokesperson. “We really listened. This update is about giving people what they actually asked for.”

    The company says more updates are planned to improve the toolkit based on ongoing feedback.

    Looking Ahead

    Northern Markets will collect user feedback over the next few weeks to see how the toolkit performs. Future updates may include custom alerts and more tools to help users build better strategies.

    The company says this launch is part of a larger plan to create a smoother trading experience, no matter what the market looks like. More upgrades are expected later this year.

    About Northern Markets

    Northern Markets is a global investment firm offering access to a diverse range of financial instruments, including cryptocurrencies, equities, indices, and commodities. Known for its data-driven approach and personalized account management, Northern Markets empowers clients with tools, insights, and support to navigate today’s complex financial landscape. With a strong focus on transparency and regulatory alignment, the company continues to be a trusted resource for modern investors worldwide.

    Media Contact:
    Name: Daniel Simon
    Email: support@northmarkets.email
    Website: https://northmarkets.io/

    Disclaimer: This press release is provided by Northern Markets. 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 in crypto and mining related opportunities 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. 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.Speculate only with funds that you can afford to lose.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.

    The MIL Network –

  • MIL-OSI: Northern Markets Arms Investors for Volatile Markets

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 26, 2025 (GLOBE NEWSWIRE) — Northern Markets, a global investment firm, has launched its new “Volatility Toolkit” to help traders handle unpredictable market conditions. The new tools are designed to support faster, more focused decisions when markets are moving quickly.

    With market swings becoming more common, many investors are struggling to manage risks. Northern Markets says the new toolkit offers practical features that give users better control and awareness during uncertain times.

    Helping Traders Stay Focused in Fast Markets

    The Volatility Toolkit includes real-time market indicators, new risk control settings, and simpler access to hedging tools. All features are built directly into the platform dashboard. This makes it easier for users to track market changes without needing extra software or switching screens.

    Northern Markets says these tools don’t predict the market but are made to help users stay clear-headed and organized when prices move suddenly.

    “When things get wild, people just want clear info and quick options,” the spokesperson added. “We built these tools to cut the noise and help users stay calm and make smarter choices.”

    The features are available to traders across all asset classes, including crypto, stocks, indices, and commodities. The toolkit works for both beginners and experienced users.

    Real-Time Alerts and Better Visibility

    The upgrade includes real-time notifications that notify users of sudden changes in the market or in risk levels, in addition to the basic features. With the aid of these notifications, investors may take swift action without spending all day staring at charts.

    The platform’s chart system has also been upgraded to respond faster, even during busy trading hours. This means less delay and better visibility during critical moments.

    “This update is really about staying in the loop,” the spokesperson said. “When markets go crazy, emotions take over. This gives people a way to stay focused and avoid panic.”

    The company clarified that although the toolkit is beneficial, it does not make losses inevitable. Its primary aim is to make the investors remain vigilant and make sound choices in difficult circumstances.

    Listening to What Traders Want

    Northern Markets says the new toolkit was shaped by direct feedback from users. Many traders asked for simpler tools and quicker access to key market signals. The company took that feedback and built features that respond to those needs.

    “A lot of traders told us they feel overwhelmed when markets shift fast,” said the spokesperson. “We really listened. This update is about giving people what they actually asked for.”

    The company says more updates are planned to improve the toolkit based on ongoing feedback.

    Looking Ahead

    Northern Markets will collect user feedback over the next few weeks to see how the toolkit performs. Future updates may include custom alerts and more tools to help users build better strategies.

    The company says this launch is part of a larger plan to create a smoother trading experience, no matter what the market looks like. More upgrades are expected later this year.

    About Northern Markets

    Northern Markets is a global investment firm offering access to a diverse range of financial instruments, including cryptocurrencies, equities, indices, and commodities. Known for its data-driven approach and personalized account management, Northern Markets empowers clients with tools, insights, and support to navigate today’s complex financial landscape. With a strong focus on transparency and regulatory alignment, the company continues to be a trusted resource for modern investors worldwide.

    Media Contact:
    Name: Daniel Simon
    Email: support@northmarkets.email
    Website: https://northmarkets.io/

    Disclaimer: This press release is provided by Northern Markets. 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 in crypto and mining related opportunities 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. 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.Speculate only with funds that you can afford to lose.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.

    The MIL Network –

  • MIL-OSI: Northern Markets Introduces Planning Tools for Smarter Investing

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 26, 2025 (GLOBE NEWSWIRE) — Northern Markets, an international investment firm, has introduced a new collection of planning tools that assist investors in managing their portfolios in contemporary unstable markets. These tools are aimed at facilitating the process where the users can plan their strategies and respond to global financial changes with more comfort.

    The new strategic planning frameworks are part of the firm’s efforts to support clients beyond just trading access. As market conditions become more unpredictable, Northern Markets is offering structured tools to help clients stay organized and think ahead.

    A company spokesperson shared how this development came to be. “A common sentiment among our clients is a sense of unease regarding the continuous shifts in the market,” the spokesperson commented. “They require more effective approaches to inform their strategic choices, and these resources are provided to furnish a clear bedrock for sustained foresight.”

    The planning tools include simple models and checklists focused on setting goals, managing risks, and adjusting for market events. They are made to be easy to use and flexible enough for different investment styles and levels of experience.

    Helping Investors Make Better Decisions

    The tools aim to support a growing group of investors who are new to financial markets. Many users want more control over their money but aren’t sure how to build a plan. The company says these frameworks were shaped by feedback from users in different regions who want clearer, more practical ways to plan.

    “Our objective was to maintain simplicity,” stated the company’s expert. “While it’s easy to be swayed by immediate headlines or short-term market fluctuations, individuals require a method to gain perspective on their financial decisions. These tools are designed to facilitate that critical evaluation.”

    The frameworks are compatible with the existing platform of the firm and accessible to all clients. They do not substitute what the professionals can offer; however, they provide the users with an opportunity to arrange and sort out their thoughts and design their own strategies.

    Designed for Daily Use and Long-Term Goals

    According to Northern Markets, customers are using these tools for both routine check-ins and long-term planning. The idea is to provide people with more assurance about their future, particularly in times of market uncertainty.

    “Clients that are currently exploring and using these tools are already providing us with feedback,” the spokesperson stated. “Many say their goals are now clearer, and some are using the tools to do in-depth strategic research. The first reaction has been really positive.”

    The firm also mentioned that more tools will be added in the future. Plans include features for retirement planning, sector focus, and tracking investor sentiment. These updates will be based on how clients use the current tools and the feedback they share.

    Keeping It Simple in a Complex Market

    Northern Markets says one of its main goals is to help investors cut through the noise. The company believes that making long-term planning more approachable is a possibility by providing such tools that are not difficult to comprehend.

    “Our customers desire user-friendly financial management solutions that do not necessitate a deep understanding of finance,” commented the company spokesperson. “We are committed to delivering highly functional and practical tools to meet this demand.”

    As the financial world keeps changing, the firm says it will keep building tools that help investors stay focused and better prepared for whatever comes next.

    About Northern Markets

    Northern Markets is a global investment firm offering access to a diverse range of financial instruments, including cryptocurrencies, equities, indices, and commodities. Known for its data-driven approach and personalized account management, Northern Markets empowers clients with tools, insights, and support to navigate today’s complex financial landscape. With a strong focus on transparency and regulatory alignment, the company continues to be a trusted resource for modern investors worldwide.

    Media Contact:
    Name: Daniel Simon
    Email: support@northmarkets.email
    Website: https://northmarkets.io/

    Disclaimer: This press release is provided by Northern Markets. 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 in crypto and mining related opportunities 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. 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.Speculate only with funds that you can afford to lose.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.

    The MIL Network –

  • MIL-OSI Africa: President Museveni Welcomes Former Opposition Youth To National Resistance Movement (NRM), Commends Them For The Wise Decision


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    The converts from the districts of Mubende, Kassanda and Mityana have been undergoing a two-week ideological training at the National Leadership Institute (NALI) in Kyankwanzi.

    The 2025/2026 cohort of youth converts comprised 145 males and 46 females.  They were introduced to the principles of the NRM, its ideology, and other patriotic values.

    During a meeting held at State House Entebbe, the President commended the youth for making what he called a wise and courageous decision.

    President Museveni also pledged Shs 100m to support their SACCO as a token of encouragement and empowerment.

    He also lauded the converts for abandoning political factions that, according to him, have long misled the youth and discouraged them from engaging in government programs meant to fight poverty and foster economic transformation.

    “Those opposition groups are merciless. They use you for foreign-funded agendas and then tell you to shun government programs,” the President remarked.

    “When we were giving out coffee seedlings under Operation Wealth Creation, they said the seedlings wouldn’t help them, but you have made the right choice, and I congratulate and welcome you.”

    President Museveni further drew on his own political journey, sharing that he too was once an opposition supporter.

    “I was in the Democratic Party from 1960 to 1970. Even though UPC rigged the elections in 1962, I told my fellow DP supporters, Obote may have stolen votes, but he didn’t steal your food. We had to be smart and take full advantage of the government’s programs,” he said.

    He commended the youth instructors for equipping the converts with a strong understanding of NRM’s core principles particularly the third mission: socio-economic transformation.

    “I am happy that your instructors taught you the mission of socio-economic transformation. As Africans, we must move from subsistence living to the money economy,” he said.

    Modernizing African Livelihoods:

    The President illustrated how daily life for most Africans still relies on outdated practices that need urgent modernization.

    “In developed countries, machines fetch water. Here, our girls still carry jerry cans on their heads. We cook with firewood while others use gas or electricity. That’s what the NRM seeks to change,” he said.

    The President also emphasized education as a key driver of transformation, highlighting the role of the government’s Universal Primary and Secondary Education (UPE and USE) programs as well as the Presidential Skilling Hubs.

    “The skilling hub in Kassanda is proof that youth can access quality training for free. If we fully embrace free education, it will play a major role in changing lives.”

    President Museveni further revisited his Four-Acre Model, a strategy he first introduced in the 1996 NRM Manifesto to guide smallholder farmers towards profitable and calculated farming.

    “If you have only two acres and grow cotton or tobacco, you’ll remain poor. But if you plan well, with ekibalo (calculation) you can generate serious income,” he explained.

    For those with four acres, the President advised; One acre for coffee (earning up to Shs15 million per year), one for fruits, one for pasture to support up to eight cows, and one for food crops.

    He added that backyard farming activities like poultry, piggery (for non-Muslims), and fish farming could generate even more income.

    “Fish farming, for instance, can bring in up to Shs 80 million a year from one acre of ponds,” President Museveni revealed.

    Industrialization and ICT as Game Changers:

    He also pointed to Uganda’s manufacturing sector, which now employs over 1.2 million people, more than double the public service sector’s 480,000.

    “From small dairy coolers to big factories, manufacturing has become a major source of jobs and wealth,” he said.

    The President also praised growth in the services sector particularly tourism, transport, professional services, and religious work which employs about four million Ugandans.

    Finally, he underscored the transformative potential of ICT, especially in business Process Outsourcing (BPO).

    “With our strong internet and telecom infrastructure, Ugandans can now work for international companies and earn globally competitive salaries right from here,” President Museveni noted.

    Ms. Hellen Seku, the Commissioner of the National Secretariat for Patriotism Corps (NSPC), expressed gratitude to President Museveni for hosting the youth converts from parishes, villages, and sub-counties in the three districts.

    “We thank Your Excellency for welcoming these young people, many of whom were once leaders in the opposition. This meeting marks a turning point in their journey of transformation,” Ms. Seku said.

    “These youth have been receiving ideological training focused on civic duty, patriotism, and the core principles of the NRM. The goal has been to equip them to become responsible, value-driven citizens who contribute meaningfully to their communities,” she explained.

    Ms. Seku also emphasized that the training covered key themes such as teamwork, peacebuilding, national unity, embracing government programs, and serving the country with loyalty and discipline.

    “We have taught them the pillars of society, how to protect the peace we have, and the importance of working together as one. These young people are now prepared to return home and help drive progress in their areas,” she added.

    She further urged the youth to be responsible citizens and take care of both the environment and their personal health.

    “Go back and plant trees in your communities. Let us care for our environment. Above all, maintain discipline in your health. HIV/AIDS has become rampant in our societies. Guard yourselves. It is spreading like wildfire, and we must stop it,” she advised.

    On his part, Col. Okei Rukogota, the Director of NALI expressed his appreciation to President Museveni for his unwavering efforts in empowering young people through anti-poverty programs.

    “Your Excellency, I thank you for your tireless fight against poverty among the youth. Your leadership continues to create opportunities for transformation,” Col. Rukogota said.

    He also commended the NALI team for their dedication and commitment in organizing and facilitating the ideological training for the youth.

    “To the entire NALI team, thank you. Without your hard work and support, this success would not have been possible,” he added.

    Col. Rukogota further applauded the converts for their commitment to learning and embracing the values and principles taught during the retreat.

    “I also thank the youth converts. Your willingness to learn and change is a sign of true patriotism. Uganda needs you,” he said.

    Speaking on behalf of the group, Mr. Mutumba Byakatonda, a youth representative and councilor from Mubende Municipal Council, said the converts were once affiliated with opposition political parties but have now decided to cross to the NRM.

    “Your Excellency, I personally crossed to the opposition after you commissioned the Mubende Central Market. However, today, I stand before you as a proud convert back to the NRM,” he said.

    “Your Excellency, for a while, many of us were misled by opposition narratives. We were persuaded into ideologies that alienated us from government programs aimed at creating wealth and improving livelihoods,” Mr. Byakatonda explained.

    “We sincerely thank the Director and entire staff at NALI for the training, mentorship, and welfare support. Through lessons on the principles and ideology of the NRM, we have experienced a complete mindset change.”

    He thanked the President for his continued facilitation, time, and attention, saying: “We are deeply grateful for your support and for sparing time out of your busy schedule to meet us today. We do not take it for granted.”

    As part of their next steps, the group expressed interest in registering a Youth Converts SACCO across their districts.

    “We plan to form a SACCO where we can access funds at low interest rates and start small businesses. Your Excellency, we also humbly request coffee seedlings under Operation Wealth Creation to help us kick-start our income-generating activities and contribute to the national development agenda,” Mr. Byakatonda said.

    He concluded by reaffirming their loyalty to the NRM government.

    “We are ready to enroll fully into the NRM and support you in building a transformed and prosperous Uganda,” he added.

    Distributed by APO Group on behalf of State House Uganda.

    MIL OSI Africa –

  • NMDC invites applications for tribal education schemes in Chhattisgarh

    Source: Government of India

    Source: Government of India (4)

    NMDC Limited, India’s largest iron ore producer, has invited applications for two fully sponsored educational initiatives aimed at empowering tribal youth in Chhattisgarh. These initiatives — the Balika Shiksha Yojana and the newly introduced Medical Technology Program — are part of the company’s ongoing commitment to inclusive growth and social development under its Corporate Social Responsibility (CSR) framework.
     
    The Balika Shiksha Yojana is designed specifically for tribal girls belonging to the Scheduled Tribe (ST) category from the districts of Bastar, Dantewada, Sukma, Kondagaon, Bijapur, and Narayanpur. Through this scheme, NMDC is offering full financial support for professional nursing education. A total of 200 seats are available across two programs — 110 seats for the four-year B.Sc. Nursing course and 90 seats for the three-year General Nursing and Midwifery (GNM) course. These courses will be conducted at reputed institutes such as the Apollo School of Nursing, Yashoda School of Nursing, and KIMS College of Nursing, all located in Hyderabad.
     
    The initiative will cover all expenses, including tuition fees, hostel accommodation, and academic costs, with an investment of ₹12 to ₹15 lakh per student. To be eligible, applicants must belong to the ST category and come from families with an annual income not exceeding ₹72,000. The application deadline for this programme is June 28, 2025.
     
    NMDC has also launched a Medical Technology Program in partnership with Apollo University, Chittoor. This fully sponsored programme is open to ST students from the Dantewada and Bastar districts. A total of 90 seats are being offered, with 60 percent reserved for girls and 40 percent for boys.
     
    Under this initiative, selected students will receive full sponsorship to pursue specialized B.Sc. programmes in Emergency Medical Technology, Medical Lab Technology, Anaesthesiology and Operation Theatre Technician, Imaging Technology, Physician Assistant, and Renal Dialysis Technology. Like the nursing programme, this initiative also carries an investment of ₹12 to ₹15 lakh per student and covers all educational and residential expenses. Applications will be accepted until June 30, 2025.
     
    For more than six decades, NMDC has played a key role in the development of Chhattisgarh through its mining operations and community-focused initiatives. These latest educational programmes are expected to open new career pathways for tribal youth, enabling them to acquire professional qualifications and build sustainable livelihoods.

  • NMDC invites applications for tribal education schemes in Chhattisgarh

    Source: Government of India

    Source: Government of India (4)

    NMDC Limited, India’s largest iron ore producer, has invited applications for two fully sponsored educational initiatives aimed at empowering tribal youth in Chhattisgarh. These initiatives — the Balika Shiksha Yojana and the newly introduced Medical Technology Program — are part of the company’s ongoing commitment to inclusive growth and social development under its Corporate Social Responsibility (CSR) framework.
     
    The Balika Shiksha Yojana is designed specifically for tribal girls belonging to the Scheduled Tribe (ST) category from the districts of Bastar, Dantewada, Sukma, Kondagaon, Bijapur, and Narayanpur. Through this scheme, NMDC is offering full financial support for professional nursing education. A total of 200 seats are available across two programs — 110 seats for the four-year B.Sc. Nursing course and 90 seats for the three-year General Nursing and Midwifery (GNM) course. These courses will be conducted at reputed institutes such as the Apollo School of Nursing, Yashoda School of Nursing, and KIMS College of Nursing, all located in Hyderabad.
     
    The initiative will cover all expenses, including tuition fees, hostel accommodation, and academic costs, with an investment of ₹12 to ₹15 lakh per student. To be eligible, applicants must belong to the ST category and come from families with an annual income not exceeding ₹72,000. The application deadline for this programme is June 28, 2025.
     
    NMDC has also launched a Medical Technology Program in partnership with Apollo University, Chittoor. This fully sponsored programme is open to ST students from the Dantewada and Bastar districts. A total of 90 seats are being offered, with 60 percent reserved for girls and 40 percent for boys.
     
    Under this initiative, selected students will receive full sponsorship to pursue specialized B.Sc. programmes in Emergency Medical Technology, Medical Lab Technology, Anaesthesiology and Operation Theatre Technician, Imaging Technology, Physician Assistant, and Renal Dialysis Technology. Like the nursing programme, this initiative also carries an investment of ₹12 to ₹15 lakh per student and covers all educational and residential expenses. Applications will be accepted until June 30, 2025.
     
    For more than six decades, NMDC has played a key role in the development of Chhattisgarh through its mining operations and community-focused initiatives. These latest educational programmes are expected to open new career pathways for tribal youth, enabling them to acquire professional qualifications and build sustainable livelihoods.

  • MIL-OSI Australia: Investment mission takes off to Singapore and Malaysia

    Source: Australian Attorney General’s Agencies

    In April, the Albanese Labor Government pledged to send five new trade and investment missions to priority markets. I am pleased this week to see the third mission get underway with a delegation visiting Singapore and Malaysia.

    Southeast Asia is experiencing rapid economic growth, and Singapore and Malaysia serve as vital gateways to access these markets for Australian exporters, investors and businesses.

    Delegates on this investment mission will gain firsthand insights into Singapore’s role as a regional industrial and investment hub and Malaysia’s emergence as a key industrial and trade gateway in Southeast Asia.

    The mission brings together representatives from 16 leading Australian companies. It is led by Shayne Elliott, Australia’s Business Champion to Singapore and former CEO of ANZ Bank, and Tony Lombardo, Business Champion for Malaysia and Group CEO of Lendlease.

    Since the launch of our government’s Southeast Asia Economic Strategy to 2040, the $2 billion Southeast Asia Investment Financing Facility, and the deployment of dedicated Investment Deal Teams, engagement with the region has surged.

    Australian businesses supported by Austrade recorded more than $1 billion in trade outcomes across Southeast Asia last year, a 45% increase on previous years.

    When Australian businesses grow their footprint in Southeast Asia, the benefits flow back home creating jobs, opening markets, and strengthening our economy.

    MIL OSI News –

  • MIL-OSI Australia: Court action regarding 2024 Northern Minerals Disposal Orders

    Source: Australian Parliamentary Secretary to the Minister for Industry

    Today I have taken action in the Federal Court of Australia against Indian Ocean International Shipping and Service Company Ltd (Indian Ocean) and its former associate for not complying with Australia’s foreign investment law.

    Foreign investors in Australia are required to follow Australian law.

    We are doing what is necessary to protect the national interest and the integrity of our foreign investment framework.

    On 2 June 2024, I issued Disposal Orders directing five foreign investors, including Indian Ocean, to dispose of shares in Northern Minerals Limited (Northern Minerals) to persons who were not their associates, by 2 September 2024.

    The Disposal Order was issued to Indian Ocean to address risk to national security posed by its acquisitions of shares in Northern Minerals, which is an important Australian critical minerals company.

    This is the first case to be brought by a Treasurer before the Federal Court for an alleged breach of the foreign investment laws.

    In May 2024 I announced reforms to strengthen and streamline Australia’s foreign investment framework to ensure foreign investment is in our national interest.

    Through the proceedings, I am seeking penalties, declarations, and costs. The Federal Court will make the court filings available in due course.

    MIL OSI News –

  • MIL-Evening Report: Politics with Michelle Grattan: Ken Henry on changing the tax system to give struggling workers a fairer go

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    In August, the Albanese government will hold an economic “roundtable” that will discuss productivity, budget sustainability and resilience. Australia’s tax system will be one of the central issues, and stakeholders are gearing up with their varying arguments for changes.

    Ken Henry, a former secretary of the Treasury, has been part of the tax debates of the past 40 years. He was a treasury official working on tax at the time of the Hawke government’s 1985 tax summit and led the major review of the tax system commissioned by the Rudd government.

    Henry is a passionate advocate of bold tax reform, especially reform that tackled intergenerational inequity, and he joins the podcast to discuss the issues.

    Looking forward to the roundtable, Henry outlines some of the many changes that he thinks should be considered,

    Firstly we’ve got to get rid of the remaining transactions taxes like stamp duty on property conveyancing and so on […] that alone means there has to be a commonwealth-state exercise.

    Secondly, we’ve got to extract more revenue from the taxation of natural resources and also land.

    Thirdly, we’ve got to get more revenue from the taxation of environmental externalities. In the tax review published in 2010, we were developing that at the same time as the Treasury and other departments were developing the Rudd government’s carbon pollution reduction scheme. We thought that there was going to be quite a significant carbon price in Australia. We don’t have it today – we should.

    Henry wants a tax system that does not disadvantage younger people who are in the workforce; he says the present “lazy” reliance on bracket creep to “bring the budget back to anything approaching balance is doing enormous damage to younger people in particular”.

    On reform generally, Henry says he’s “disappointed” that more hasn’t been done on the recommendations from his review.

    I’m very disappointed, but I guess one would expect me to be very disappointed. And he laments Australia’s “abysmal” productivity performance over the last quarter century.

    When I then reflect on what’s happened to Australia’s productivity performance, I mean we were saying in 2002 that we really should aim to get the productivity growth rate up from 1.75% to 2.25% a year and in fact if you look back now over the first 25 years of this century right what we actually achieved was only three quarters of one percent a year. That productivity performance is just abysmal.

    To put it in terms that everybody will understand, had we achieved the two and a quarter percent a year rather than three quarters of a percent a year, the average wage and salary earner in Australia, their income would be 45% higher today than it is. This is not small stuff, this is huge stuff.

    Despite backing significant reform, Chalmers has been a long-term opponent of GST reform, although not ruling it out completely. Henry says all options should be left on the table,

    It would be better not to constrain the reform process by ruling the GST out and that was a shame for those of us who worked on the Rudd government’s tax review  […] that the terms of reference that we were given said that you’re not to make any recommendations concerning the GST.

    Those who are having a good hard look at how to restructure the Australian taxation system should not have one hand tied behind their backs. Having said that, I do think it’s possible to achieve major reform of the Australian taxation system without necessarily increasing the rate or extending the base of the GST.

    On Chalmers’ plan to tax unrealised capital gains on big superannuation balances, while not directly opposed, Henry says there are other ways to make the system fairer,

    I’m not opposed to it. It’s just that I think there are other ways of increasing the taxation that applies to high superannuation balances and improving the intergenerational equity of the superannuation system. In the tax review that the Rudd government Commissioned, which I led, which was published in 2010, we spent quite a lot of time detailing how we thought the taxation arrangements applying to superannuation could be improved.

    The thing that stands out is this big difference between the taxation of superannuation fund earnings in the so-called accumulation phase and the treatment that they get in the so-called pension phase, So […] these poor young workers, struggling, see the earnings on their accumulating superannuation balance as being taxed at 15%, whilst those who have big superannuation balances and are in the retirement, the earnings in their superannuation funds are completely tax-exempt, And that just seems rather weird.

    Michelle Grattan 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. Politics with Michelle Grattan: Ken Henry on changing the tax system to give struggling workers a fairer go – https://theconversation.com/politics-with-michelle-grattan-ken-henry-on-changing-the-tax-system-to-give-struggling-workers-a-fairer-go-259887

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: Capital companies are increasing production of paper products

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the first four months of this year, the production of paper products in Moscow increased by 10 percent compared to the same period last year. This was reported by the Minister of the Moscow Government, Head of the Department of Investment and Industrial Policy Anatoly Garbuzov.

    “In Moscow, over 700 companies produce paper and cardboard products, packaging, books and other products that are in demand in many industries. With the city’s support, enterprises regularly increase production and shipment volumes, and expand their product range. In January-April 2025, companies increased their paper product output by 10 percent year-on-year, shipments increased by 2.2 percent and amounted to more than 17 billion rubles,” Anatoly Garbuzov emphasized.

    For example, one of the leading Russian manufacturers of packaging products, PJSC Lambumiz, produces over 600 million units of goods annually. The range includes cardboard and flexible packaging, laminated cardboard of different densities and formats, and disposable tableware made of white and kraft cardboard. The company has recently begun to develop the production of aseptic packaging with a long shelf life for dairy products and juices.

    This year, the company received the status of an industrial complex and the right to tax benefits provided by Moscow legislation. Now the real estate tax for it is 50 percent of the calculated amount, the land tax is 20 percent of the calculated amount, and the land lease rate is 0.3 percent of the cadastral value of the plot.

    Sobyanin awarded industrial complex status to one of the leading packaging manufacturersThe capital’s industrial complex received a land lease benefit from the city

    According to the Chairman of the Board of Directors of the company Sergey Botvin, the tax benefits provided are not just an economic benefit for the enterprise, but also a powerful incentive for further development and modernization of production, creation of jobs and increasing competitiveness in the Russian and international markets. The status of an industrial complex is also a great responsibility. The company will continue to make a significant contribution to the economy of Moscow, developing innovative technologies in the packaging industry and creating high-quality products for consumers.

    Another capital company, ISBC, produces RFID products for various industries and the economy. Thus, the paper smart cards issued by the enterprise are widely used in the field of transport. In addition, they are used to create gift cards, tickets and business cards with NFC.

    A comfortable investment climate has been created in Moscow to develop production potential. More than 20 comprehensive support measures are available to enterprises. These include preferential investment loans, the opportunity to lease land from the city at a preferential rate when building an enterprise as part of large-scale investment projects, the assignment of special statuses, and other tools.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/155849073/

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: President Lai meets Japan’s former Economic Security Minister Kobayashi Takayuki

    Source: Republic of China Taiwan

    Details
    2025-06-16
    President Lai meets delegation led by Representative Bera, co-chair of US Congressional Taiwan Caucus
    On the morning of June 16, President Lai Ching-te met with a delegation led by Representative Ami Bera, co-chair of the US Congressional Taiwan Caucus. In remarks, President Lai thanked the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives to strengthen Taiwan-US ties, helping expand Taiwan’s international space and continuing to place focus on peace and stability across the Taiwan Strait. The president said that we will continue to strengthen bilateral investment and industrial cooperation and create a more comprehensive environment for economic and trade exchanges to jointly enhance economic and developmental resilience. A translation of President Lai’s remarks follows: I am delighted to meet with the delegation and welcome Congressman Bera back to the Presidential Office. Last January, he visited after the presidential election, demonstrating the steadfast backing of the US Congress for democratic Taiwan. This time, as head of a delegation of new members of the House Armed Services Committee and the Foreign Affairs Committee, he is continuing to foster US congressional support for Taiwan. On behalf of the people of Taiwan, I extend a sincere welcome to Congressman Bera and all our esteemed guests. Over the years, staunch bipartisan US congressional backing of Taiwan has been a key force for steadily advancing our bilateral relations. I thank the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives, thereby strengthening Taiwan-US ties, helping expand Taiwan’s international space, and continuing to place focus on peace and stability across the Taiwan Strait. I want to emphasize that Taiwan has an unwavering determination to safeguard peace and stability in the Indo-Pacific region. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience and accelerate reform of national defense. The government is also prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP this year. I hope that Taiwan-US security cooperation will evolve beyond military procurement to a partnership that encompasses joint research and development and joint production, further strengthening cooperation and exchange in the defense industry. Regarding industrial exchanges, last month, Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Minister of Economic Affairs Kuo Jyh-huei (郭智輝) each visited Texas to see firsthand Taiwan-US collaboration in AI and semiconductors. And the delegation led by Executive Yuan Secretary-General Kung Ming-hsin (龔明鑫) sent by Taiwan to this year’s SelectUSA Investment Summit in Washington, DC, was again the largest of those attending. All of this demonstrates Taiwan’s commitment to working alongside the US to create mutual prosperity. In the future, we will continue to strengthen bilateral investment and industrial cooperation. And I hope that the legislation addressing the issue of Taiwan-US double taxation will become law this year. I want to thank Congressman Bera for co-leading a joint letter last November signed by over 100 members of Congress calling for such legislation. I believe that by creating a more comprehensive environment for economic and trade exchanges, Taiwan and the US can enhance economic and developmental resilience. In closing, I thank you all for making the long journey here to advance Taiwan-US relations. Let us continue working together to promote the prosperous development of this important partnership. Congressman Bera then delivered remarks, saying that on behalf of the delegation, it is an honor for him to be here once again, it being last January that he and Congressman Mario Díaz-Balart visited and congratulated President Lai on his election victory, noting that theirs was the first congressional delegation to do so. Congressman Bera said that this is an important time, not just for the US and Taiwan relationship, but for all relationships around the world. When we look at conflicts in Europe and in the Middle East, he said, it is incumbent upon democracies to hold the peace in Asia. He emphasized that is why it is important for them to bring a delegation of members of the Foreign Affairs Committee and the Armed Services Committee, adding that he believes for all of them it is their first trip to Taiwan.  Congressman Bera said that while this is a delegation of Democratic members of Congress, in a bipartisan way all of Congress continues to support the people of Taiwan. As such, in this visit he brings support from his co-chairs on the Taiwan caucus, Congressman Díaz-Balart and Congressman Andy Barr. He also took a moment to recognize the passing of Congressman Gerald Connolly, who was a longtime friend of Taiwan and one of their co-chairs on the caucus. Congressman Bera mentioned that there is always a special bond between himself and President Lai because they are both doctors, and as doctors, their profession is about healing, keeping the peace, and making sure everybody has a bright, prosperous future. In closing, he highlighted that it is in that spirit that their delegation visits with the president. The delegation also included members of the US Congress Gabe Amo, Wesley Bell, Julie Johnson, Sarah McBride, and Johnny Olszewski.

    Details
    2025-06-13
    President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel
    On the morning of June 12, President Lai Ching-te met a delegation led by Marie-Noëlle Battistel, chair of the French National Assembly’s Taiwan Friendship Group. In remarks, President Lai thanked the National Assembly for its long-term support for Taiwan’s international participation and for upholding security in the Taiwan Strait, helping make France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. The president also said that exchanges and cooperation between Taiwan and France are becoming more frequent, and that he hopes this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations and help build closer partnerships in the economy, trade, energy, and digital security.  A translation of President Lai’s remarks follows: First, I would like to welcome Chair Battistel, who is once again leading a visiting delegation. Last year, Chair Battistel co-led a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao. This is her fourth visit, and first as chair of the Taiwan Friendship Group, which makes it especially meaningful. This delegation’s visit demonstrates strong support for Taiwan, and on behalf of the people of Taiwan, I want to express my sincerest welcome and thanks. France is a pioneer in promoting free and democratic values. These are values that Taiwan cherishes and is working hard to defend. I want to express gratitude to the French Parliament for their long-term support for Taiwan’s international participation, and for upholding security in the Taiwan Strait. The French Parliament’s two chambers have continued to strongly support Taiwan, with the passage of a resolution supporting Taiwan’s participation in international organizations in 2021, as well as the passage of the seven-year Military Programming Law in 2023. This has made France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. Through it all, the Taiwan Friendship Group has played a key role, and I want to thank all of our distinguished guests for their efforts. Over the past few years, Taiwan and France have continued to deepen cooperation in areas including the economy, technology, culture, and sports. At the Choose France summit held in Paris last month, Taiwanese and French enterprises also announced they will launch cooperation in the semiconductor and satellite fields. The VivaTech startup exhibition, now being held in France, also has many Taiwanese vendors participating. Exchanges and cooperation between Taiwan and France, whether official or people-to-people, are becoming more and more frequent. I hope that this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations, building closer partnerships in the economy, trade, energy, and digital security.  To address current geopolitical and economic challenges, Taiwan will continue to join forces with France and other like-minded countries to jointly safeguard peace and stability in the Indo-Pacific region, and contribute our concerted efforts to global prosperity and development. Once again, I want to welcome our visitors to Taiwan. I hope to continue our joint efforts to create a more prosperous future for both Taiwan and France.   Chair Battistel then delivered remarks, thanking President Lai for extending this invitation. Last year on May 20, she said, she and her delegation attended the presidential inauguration ceremony, so she was delighted to visit Taiwan once again with the French National Assembly’s Taiwan Friendship Group and bear witness to their friendship with Taiwan. Chair Battistel noted that this visit has given them an opportunity to strengthen Taiwan-France relations in areas including the economy, culture, the humanities, and diplomacy, and conduct exchanges with numerous heads of government agencies and research institutes. It has also been an opportunity, she said, to witness the importance of exchanges and cooperation with Taiwan in areas including energy, semiconductors, youth, and culture, and the impact created by important issues of mutual concern, including AI and disinformation, on the security of many countries. Chair Battistel praised Taiwan for its youth development efforts, and said that under the Taiwan Global Pathfinders Initiative, 30 Taiwanese young people have embarked on a visit to France, with itineraries including the United Nations Ocean Conference and the VivaTech exhibition, as well as the city of Toulouse, which is strategically important for the aerospace industry. Members of the group are also conducting exchanges at the French National Assembly, she said.  Chair Battistel stated that the Taiwan-France partnership is growing closer, and that she hopes to continue to strengthen bilateral exchanges and cooperation, as supporting peace for Taiwan supports peace around the world.  The delegation also included Taiwan Friendship Group Vice Chair Éric Martineau, as well as National Assembly Committee on Foreign Affairs Vice Chair Laetitia Saint-Paul and Deputies Marie-José Allemand and Claudia Rouaux. The delegation was accompanied to the Presidential Office by French Office in Taipei Deputy Director Cléa Le Cardeur.

    Details
    2025-06-05
    President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  
    At noon on June 5, President Lai Ching-te hosted a state banquet at the Presidential Office for President Bernardo Arévalo of the Republic of Guatemala and his wife. In his remarks, President Lai noted that Taiwan and Guatemala have both undergone an arduous democratization process, and therefore, in face of the continuous expansion of authoritarian influence, must join hands in brotherhood and come together in solidarity to safeguard our hard-earned freedom and democracy. President Lai also expressed hope that both countries will work together and continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. A translation of President Lai’s remarks follows: Once again, I would like to offer a warm welcome to President Arévalo and First Lady Lucrecia Peinado, who are leading this delegation to Taiwan. President Arévalo’s previous visit to Taiwan was 31 years ago. Back then, Taiwan did not have direct presidential elections, and the nation was continuing to make progress toward democratization. Today, 31 years later, Taiwan has conducted direct presidential elections eight times, with three transfers of power between political parties. On this visit, I am sure that President Arévalo will gain a deep appreciation for Taiwan’s free and democratic atmosphere.  Taiwan and Guatemala have both undergone an arduous democratization process. A little over 200 years ago, the people of Guatemala took a stand against colonial oppression, seeking national dignity and the freedom of its people. Eighty-one years ago, President Arévalo’s father, Juan José Arévalo, became Guatemala’s first democratically elected president, establishing an important foundation for subsequent democratic development.  Our two peoples have democracy in their blood. Both know the value of freedom and democracy and are willing to take a stand for those values. Therefore, in face of the continuous expansion of authoritarian influence, our two countries must join hands in brotherhood to respond to threats and challenges, and come together in solidarity to safeguard our hard-earned freedom and democracy. I hope that both countries will work together to continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. I hope that on this visit, in addition to gaining a deeper understanding of Taiwan’s political, economic, and social development, President Arévalo can also reacquaint himself with the democratic vitality and cultural diversity of Taiwan by sampling various gourmet delicacies and once again experiencing the beauty of our scenery and warmth of our people. Guatemala is a very beautiful country. In the future, I hope to have a chance to personally experience that beauty, explore Mayan civilization, and savor local Guatemalan coffee. In closing, I wish the visiting delegation a smooth and successful trip, and beautiful, unforgettable memories. May President Arévalo enjoy the best of health, and may the diplomatic friendship between our two countries endure. President Arévalo then delivered remarks, stating that at different times and by different means, the people of Taiwan and Guatemala have relentlessly sought to defend freedom and democracy. We share the same expectations, he said, and are walking the right path amid today’s complex international circumstances.  President Arévalo stated that Taiwan and Guatemala are true democratic nations, where the government’s goal is to serve all the people. He noted that this is far from easy under current circumstances, as many authoritarian regimes use their long-term hold on power to safeguard the interests of select groups and neglect the wellbeing of the population as a whole. President Arévalo said that last week Guatemala commemorated the 40th anniversary of its constitution, which was enacted in 1985 and is Guatemala’s ultimate guide, setting the foundation for democracy and clearly outlining the path ahead. He said that over the past 40 years, Guatemala has continued to follow the democratic blueprint established by the constitution and end the civil war so that the nation could make the transition to real democracy. Although more than a few ambitious people have attempted to destroy that process from within, he noted, the people of Guatemala have never given up the pursuit of democracy as an ideal. President Arévalo stated that our two sides’ coming together here is due to such shared values as freedom and democracy as well as the idea of serving all the people. He underlined that the governments of both countries will continue to work hard and provide mutual support to smooth out each other’s path of democracy, freedom, and justice. President Arévalo emphasized that the government of Guatemala will always be Taiwan’s ally, and that he firmly believes Taiwan is Guatemala’s most reliable partner on the path of democracy and economic prosperity and development. The president said he hopes this visit will be the first step towards setting a new course for the governments and peoples of both countries. Also in attendance at the banquet were Guatemala Minister of Foreign Affairs Carlos Ramiro Martínez, Minister of the Economy Gabriela García, and Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

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    2025-06-03
    President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  
    At noon on June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, conferred a decoration upon President Hilda C. Heine of the Republic of the Marshall Islands, and hosted a state banquet for President Heine and her husband at the Presidential Office. In remarks, President Lai thanked President Heine for her commitment to deepening the diplomatic partnership between our nations and speaking up for Taiwan in the international arena. He also expressed hope for Taiwan and the Marshall Islands to work together to address various challenges through an even greater diversity of exchanges, and that together, we can contribute even more to peace, stability, and development throughout the Pacific region. At the decoration ceremony, President Lai personally conferred the Order of Brilliant Jade with Grand Cordon on President Heine before delivering remarks, a translation of which follows:  The Marshall Islands was the first Pacific ally that I visited after taking office as president. When I arrived there, I was immediately drawn to its beautiful scenery. And I received a very warm welcome from the local people. This gesture showed the profound friendship between our two nations. I was truly touched. I also remember trying your nation’s special Bob Whisky for the first time. The flavor was as unique and impressive as the landscape of the Marshall Islands.  In addition to welcoming our distinguished guests today, we also presented President Heine with the Order of Brilliant Jade with Grand Cordon. On behalf of the people of Taiwan, I want to thank President Heine for her commitment to deepening the diplomatic partnership between our nations, and for staunchly speaking up for Taiwan in the international arena. Both I and the people of Taiwan are profoundly grateful to President Heine for her friendship and support. Over the past few years, cooperation between Taiwan and the Marshall Islands has grown ever closer. And this visit by our distinguished guests will allow our two countries to further expand areas of bilateral exchange. I have always believed that only through mutual assistance and trust can two countries build a longstanding and steadfast partnership. I once again convey my sincere aspiration that Taiwan and the Marshall Islands work together to address various challenges through an even greater diversity of exchanges. Together, we can contribute even more to peace, stability, and development throughout the Pacific region. In closing, I want to thank President Heine and First Gentleman Thomas Kijiner, Jr. for leading this delegation to Taiwan, which deepens the foundations of our bilateral relationship. May our two nations enjoy a long and enduring friendship. President Heine then delivered remarks, stating that she felt especially privileged to receive the Order of Brilliant Jade with Grand Cordon of the Republic of China (Taiwan), and humbly accepted the honor with the utmost gratitude, humility, and deep responsibility. This is a deep responsibility, she said, because she understands that since its inception in 1933, this order has been bestowed upon a select few. She then thanked President Lai for this great honor. President Heine stated that the banquet was not just a celebration of our bilateral friendship, but a true reflection of the generosity of the Taiwan spirit and a testament to the enduring ties between our nations, founded on shared values and aspirations, including a respect for the rule of law, the preservation of human dignity, and a deep commitment to democracy. President Heine stated that the Taiwan-Marshall Islands partnership continues to evolve through practical cooperation and mutual support. In recent years, she said, our countries have worked hand in hand across a range of vital sectors, including the recent opening of the Majuro Hospital AI and Telehealth Center and the ongoing and successful Taiwan Health Center, various technical training and scholarship programs, and various climate change adaptation projects in renewable energy, coastal resilience, and sustainable agriculture.   President Heine emphasized that the Marshall Islands continues to be a proud and vocal supporter of Taiwan’s meaningful participation in the United Nations system and other international organizations. Taiwan’s exclusion from these platforms, she said, is not only unjust, but is bad for the world, and the global community needs Taiwan’s voice and expertise.  President Heine also expressed sincere appreciation to all of the Taiwanese friends who have contributed their efforts to deepening bilateral relations, including government officials, healthcare workers, teachers, engineers, and volunteers. The people of the Marshall Islands, she said, deeply appreciate and value everyone’s efforts and service. President Heine said that as we celebrate our partnership, let us look to the future with hope and determination, continue to work together, learn from one another, and support one another to champion a world where all nations can chart their own course based on peace and international law. Also attending the state banquet were Marshall Islands Council of Iroij Chairman Lanny Kabua, Minister of Foreign Affairs and Trade Kalani R. Kaneko, Minister of Finance David Paul, Nitijela Standing Committee on Foreign Affairs and Trade Chairperson Joe Bejang, and Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: KC Man Pleads Guilty for Computer Hacking

    Source: Office of United States Attorneys

    KANSAS CITY, Mo. – A Kansas City, Mo., man has pleaded guilty for hacking into the computer system at an area nonprofit.

    Nicholas Michael Kloster, 32, admitted during his plea that he caused reckless damage to a protected computer owned by an area nonprofit during unauthorized access. Kloster admitted that he entered the premises of a nonprofit corporation on May 20, 2024. Kloster entered an area that is not available to the public and accessed a computer with access to the company’s network.

    Kloster specifically admitted that he utilized a boot disk to access the computer through multiple user accounts. By accessing the computer in this manner, Kloster was able to circumvent the password requirements by changing the password assigned to one or more users. Kloster was then able to install a virtual private network on this computer. Since Kloster’s intrusion into its computer and its network, the company has sustained significant losses in an attempt to remediate the effects from this intrusion.

    Under federal statutes, Kloster is subject to a sentence of up to five years’ imprisonment in federal prison without parole, a fine of up to $250,000, up to three years of supervised release, and an order of restitution. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    This case is being prosecuted by Assistant U.S. Attorneys Nicholas Heberle and Patrick D. Daly. It was investigated by the Federal Bureau of Investigation and the Kansas City, Missouri Police Department.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of Over $628,000

    Source: Office of United States Attorneys

    SALT LAKE CITY, Utah – A Utah entrepreneur was sentenced today to 18 months’ imprisonment after he fraudulently obtained $628,307 from a COVID-19 Paycheck Protection Program (PPP) Loan in 2021 by submitting a fraudulent loan application in the name of his business.

    The COVID-19 PPP Loans were provided to small businesses for funding to meet specific obligations, including payroll and rent during the pandemic.

    Marcelo Federico Torre, 42, of Draper, Utah, pleaded guilty to wire fraud, and possession of stolen mail on April 10, 2025. In addition to his sentence, and credit for time served, Senior U.S. District Court Judge Clark Waddoups sentenced Torre to three years’ supervised release and ordered him to pay $628,307 in restitution. Torre also forfeited a money judgement in the amount of $628,307.

    According to court documents and statements made at Torre’s change of plea and sentencing hearings, from April 27, 2021 to May 5, 2021, Torre fraudulently submitted a PPP Loan application through U.S. Bank for approximately $628,307 on behalf of his company, Offerworks Inc., a company he owned and controlled. By fraudulently submitting the Loan application, he lied to U.S. Bank and the United States government in order to be approved for the PPP Loan. Some of the false statements Torre made on the PPP Loan application included that his company, Offerworks Inc., had been in operation as of February 15, 2020, when it had not; his company had 37 employees, when it did not; and that Offerworks Inc., had an average monthly payroll of $251,323 in 2020, when it did not.

    “The amount of money Mr. Torre stole from the U.S. government and taxpayers, which was intended to keep businesses open and provide salaries for employees and their families during the COVID-19 pandemic, is significant and his fraud and will not go unpunished,” said Acting U.S. Attorney Felice John Viti of the District of Utah. “It is our hope Mr. Torre’s sentence will deter him and others who seek to take criminal advantage of government programs meant to help honest and hardworking business owners and their employees during a crisis.”

    The case was investigated jointly by the U.S. Postal Investigation Service, Draper City Police Department, U.S. Probation and Pretrial Services Office, Salt Lake City Police Department, Internal Revenue Service – Criminal Investigation Division, U.S. Small Business Administration – Office of Inspector General (SBA-OIG), and the U.S. Treasury Inspector General for Tax Administration (TIGTA).

    Assistant United States Attorney Todd C. Bouton of the U.S. Attorney’s Office for the District of Utah prosecuted the case.

    Paycheck Protection Program (PPP)
    The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the Paycheck Protection Program (PPP). Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at Justice.gov/OPA/pr/justice-department-takes-action-against-covid-19-fraud.
     

    MIL Security OSI –

  • MIL-OSI Security: Utah Businessman Sentenced to Prison for Defrauding the COVID-19 Paycheck Protection Program Out of Over $628,000

    Source: Office of United States Attorneys

    SALT LAKE CITY, Utah – A Utah entrepreneur was sentenced today to 18 months’ imprisonment after he fraudulently obtained $628,307 from a COVID-19 Paycheck Protection Program (PPP) Loan in 2021 by submitting a fraudulent loan application in the name of his business.

    The COVID-19 PPP Loans were provided to small businesses for funding to meet specific obligations, including payroll and rent during the pandemic.

    Marcelo Federico Torre, 42, of Draper, Utah, pleaded guilty to wire fraud, and possession of stolen mail on April 10, 2025. In addition to his sentence, and credit for time served, Senior U.S. District Court Judge Clark Waddoups sentenced Torre to three years’ supervised release and ordered him to pay $628,307 in restitution. Torre also forfeited a money judgement in the amount of $628,307.

    According to court documents and statements made at Torre’s change of plea and sentencing hearings, from April 27, 2021 to May 5, 2021, Torre fraudulently submitted a PPP Loan application through U.S. Bank for approximately $628,307 on behalf of his company, Offerworks Inc., a company he owned and controlled. By fraudulently submitting the Loan application, he lied to U.S. Bank and the United States government in order to be approved for the PPP Loan. Some of the false statements Torre made on the PPP Loan application included that his company, Offerworks Inc., had been in operation as of February 15, 2020, when it had not; his company had 37 employees, when it did not; and that Offerworks Inc., had an average monthly payroll of $251,323 in 2020, when it did not.

    “The amount of money Mr. Torre stole from the U.S. government and taxpayers, which was intended to keep businesses open and provide salaries for employees and their families during the COVID-19 pandemic, is significant and his fraud and will not go unpunished,” said Acting U.S. Attorney Felice John Viti of the District of Utah. “It is our hope Mr. Torre’s sentence will deter him and others who seek to take criminal advantage of government programs meant to help honest and hardworking business owners and their employees during a crisis.”

    The case was investigated jointly by the U.S. Postal Investigation Service, Draper City Police Department, U.S. Probation and Pretrial Services Office, Salt Lake City Police Department, Internal Revenue Service – Criminal Investigation Division, U.S. Small Business Administration – Office of Inspector General (SBA-OIG), and the U.S. Treasury Inspector General for Tax Administration (TIGTA).

    Assistant United States Attorney Todd C. Bouton of the U.S. Attorney’s Office for the District of Utah prosecuted the case.

    Paycheck Protection Program (PPP)
    The Fraud Section leads the Criminal Division’s prosecution of fraud schemes that exploit the Paycheck Protection Program (PPP). Since the inception of the CARES Act, the Fraud Section has prosecuted over 150 defendants in more than 95 criminal cases and has seized over $75 million in cash proceeds derived from fraudulently obtained PPP funds, as well as numerous real estate properties and luxury items purchased with such proceeds. More information can be found at Justice.gov/OPA/pr/justice-department-takes-action-against-covid-19-fraud.
     

    MIL Security OSI –

  • MIL-OSI: Chief People Officer, Lorna Gibb to leave Nokia

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    26 June 2025 at 10:00 EEST

    Chief People Officer, Lorna Gibb to leave Nokia

    Espoo, Finland – Nokia today announces that its Chief People Officer, Lorna Gibb, has decided to leave the company and step down from its Group Leadership Team to pursue another opportunity, effective today. A recruitment process has begun for her successor.

    Lorna joined Nokia in 2020 and has been the Chief People Officer and a member of the Group Leadership Team since June 2024. She has been responsible for evolving Nokia’s people strategy and driving forward our talent and leadership programs.

    Esa Niinimäki, Chief Legal Officer, will assume Lorna’s responsibilities in the interim period as the search commences.

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

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

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

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

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

    The MIL Network –

  • MIL-OSI Economics: Development Asia: Bridging Transport and Health: Why Post-Crash Care is Critical for Road Safety Progress in Asia

    Source: Asia Development Bank

    For a post-crash response to be effective, it requires a systematically coordinated, well-integrated, and geographically organized approach. It demands a seamless delivery of inclusive and comprehensive care across the continuum—from the time of injury to transport to acute facilities, and to rehabilitation.

    Key approaches to improve trauma-care response are as follows:

    Prehospital care (provided at the scene of the crash):

    • Communication – An effective emergency response system relies on a single, universally-recognized, and easy-to-remember emergency number. Many low and middle-income countries face fragmented emergency services, often operating multiple systems with different contact numbers, which hampers timely response.
    • Emergency Transport – A well-organized system facilitates timely dispatch of appropriately equipped ambulances based on accurate information from the scene. A clear guideline on different types of transportation available depending on the severity and urgency of the case can minimize the risk of resource overuse. Many low and middle-income countries lack sufficient and properly equipped emergency transport services.
    • Triage – Efficient triage systems help assess the severity of injuries, prioritize treatment needs, and allocate medical resources accordingly. This process ensures that patients receive the right care at the right time for improved overall outcomes.
    • First aid management – In the absence of trained personnel, immediate care may be provided by bystanders or lay first-responders to stabilize victims quickly in remote or underserved areas. Therefore, community health literacy and basic first-aid training for the general public are essential.

    Hospital care:

    • Human Resources – An adequate number of staff who are well trained and equipped in the case of emergency crisis, and who receive appropriate administrative support can provide timely and effective care.
    • Infrastructure – Hospitals equipped with appropriate trauma facilities, medical equipment, and sufficient supplies can manage a wide range of injuries and conditions effectively.
    • Definitive care – Clear protocols that guide hospital admission, treatment, and discharge, or guidelines on stabilizing the patient and transferring to a higher-level facility for treatment can make post-care more effective.

    Posthospital care (care provided at follow-up, focused on recovery and restoring of functions):

    Rehabilitation should be integrated in the system. Rehabilitation care needs to be an integral part of the treatment plan to improve the long-term wellbeing and functionality of injured persons. It could include physical and occupational therapy but also extends to mental health services and other rehabilitation care that will improve functioning.

    Surveillance systems

    Such devices are essential tools for the health and transport sector alike, to monitor road traffic injuries, assess patient outcomes, and pinpoint high-risk groups or locations. These insights inform targeted enhancements in trauma care, guide effective resource allocation, and support coordinated responses among emergency services.

    Multiagency collaboration

    Multiagency involvement across the system can make response more effective. The transport sector may ensure the development and availability of emergency transport vehicles and accessible transport routes (roads, air transport), while the health sector may ensure the development and availability of health infrastructure, resources, emergency services, facilities, supplies, and human resources, among several others.

    MIL OSI Economics –