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Category: Business

  • MIL-OSI: $KAPPA Reaches 10,000 Holders After Launch on Bonkfun, Backed by $MANEKI Team

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 24, 2025 (GLOBE NEWSWIRE) — The team behind the $MANEKI memecoin has officially announced a major early milestone for their latest project, $KAPPA. Launched earlier this month on the Bonkfun platform, $KAPPA has surpassed 10,000 unique holders within its first few weeks, marking a strong start for the folklore-themed token rooted in Japanese mythology and digital culture.

    Developed as a collaboration between the $MANEKI team and its longtime supporters, $KAPPA draws inspiration from the Japanese “kappa” — a legendary trickster creature — and the internet-famous Kappa emote. The project seeks to blend storytelling, community, and digital expression in a memecoin format native to the Solana ecosystem.

    The project launched on Bonkfun, one of the fastest-growing memecoin platforms, and is backed by the BONK community. Since its debut, $KAPPA has been listed on MEXC, CoinGecko, and CoinMarketCap, and is verified on Jupiter Aggregator, providing wide accessibility for new users. Billboards featuring $KAPPA have also appeared in several cities as part of the team’s community-driven awareness campaign.

    “With $KAPPA, we wanted to create something that unfolds slowly — building trust and intrigue through narrative, not hype,” said a spokesperson for the team. “We’re thrilled to see so much early support, and we look forward to growing this alongside the Solana community.”

    Unlike typical memecoins, $KAPPA did not rely on VC funding, influencer presales, or large team allocations. Instead, it adopted a fair and transparent launch model, designed to prioritize community engagement and decentralized growth.

    The founding team previously launched $MANEKI, which reached a $270 million market cap and partnered with football clubs such as Napoli SC and Sheffield United, even appearing on a Nasdaq billboard in Times Square and at the NYSE trading floor. With $KAPPA, they’ve shifted toward a more gradual, story-driven approach.

    The early traction signals growing interest in culturally infused tokens and signals that $KAPPA may be carving out a unique position within the memecoin space.

    For ongoing updates, visit https://kappameme.com or follow @kappaticker on X.

    Media Contact:
    KAPPA
    team@kappameme.com
    https://kappameme.com
    X (Twitter): @kappaticker
    7424 Sunset Blvd, Los Angeles, CA 90046

    Disclaimer: This press release is provided by the KAPPA. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c015bb6-b86f-4d6d-8030-27924dbb24f3

    The MIL Network –

    June 24, 2025

  • MIL-OSI United Kingdom: CMA takes first steps to improve competition in search services in the UK

    Source: United Kingdom – Executive Government Non-Ministerial Departments

    Press release

    CMA takes first steps to improve competition in search services in the UK

    The Competition and Markets Authority (CMA) is today proposing to designate Google with ‘strategic market status’ (SMS) in general search and search advertising.

    • CMA proposes to designate Google with strategic market status under the new Digital Markets Competition Regime
    • Roadmap published setting out potential early actions to improve outcomes for consumers and businesses
    • Measures could help unlock broader growth, investment and innovation in the UK tech sector and wider economy

    The CMA will consult on the proposal ahead of a final decision in October. If designated, the CMA would be able to introduce targeted measures to address specific aspects of how Google operates search services in the UK.

    The CMA has also published a roadmap of potential actions it could prioritise were Google to be designated. Early priorities include: requiring choice screens for users to access different search providers; ensuring fair ranking principles for businesses appearing on Google search; more transparency and control for publishers whose content appears in search results; and portability of consumer search data to support innovation in new products and services.

    Search in the UK    

    Google search accounts for more than 90% of all general search queries in the UK – with millions of people relying on it as a key gateway to the internet and more than 200,000 businesses in the UK relying on Google search advertising to reach their customers. These services matter to our economy and society – so it is vital that competition works well.

    The CMA’s investigation has heard concerns, including:

    • Google’s index of billions of websites, its access to trillions of historical searches, and its ecosystem of information, are extremely hard for others to replicate
    • Higher costs of search advertising than would be expected in a more competitive market
    • Limited transparency and fairness in how Google ranks and presents search results
    • Publishers can face challenges in securing fair terms and control over how their content is used in Google’s search and AI-generated responses
    • Default agreements with mobile device manufacturers can make it more difficult for competitors to reach customers
    • Innovative businesses can struggle to compete as people can’t easily share their search data with firms developing new services

    A proportionate, pro-innovation approach

    The UK’s new Digital Markets Competition Regime can help unlock opportunities for innovation and growth, by promoting competition in digital markets while protecting UK consumers and businesses from unfair or harmful practices. It is flexible and highly targeted, with the CMA able to design proportionate, bespoke interventions to address specific aspects of the way a firm engages in a digital activity. It includes a participative engagement process involving diverse stakeholders, from the largest firms to challengers and consumer groups. The CMA is also applying its ‘4Ps’ – Proportionality, Pace, Predictability and Process – to avoid any action taken hampering innovation or creating uncertainty for investors.

    To support pace and provide greater predictability for Google and other market participants, the CMA has published a Roadmap of how it would prioritise actions taken during the first half of any designation period. Measures are designed to promote competition and innovation in ways that benefit the UK economy, while ensuring that UK consumers and businesses are treated fairly.

    Early priority measures outlined in the roadmap include:

    • Requiring choice screens to help people easily select and switch between search services (potentially including AI assistants)
    • Ensuring fair and non-discriminatory ranking of search results
    • More control and transparency for publishers over how their content collected for search is used, including in AI-generated responses and search results more generally
    • Supporting data portability to help new businesses bring innovative products to market

    The CMA plans to consider a second category of actions to address more complex issues over a longer period (starting in the first half of 2026). These include concerns about the impact of Google’s bargaining position on publishers, its treatment of rival specialised search firms, and concerns about transparency and control in relation to search advertising.

    The CMA has carefully considered how generative AI is changing the search landscape. While use of AI assistants is growing, it remains significantly smaller than Google search. Google is already incorporating generative AI features – such as AI Overviews – into its search products and developing its own assistant, Gemini. The CMA’s proposed SMS designation would include AI-based search features, though not Gemini AI Assistant itself. This position will be kept under review as usage evolves.

    Sarah Cardell, Chief Executive of the CMA, said:

    Google is the world’s leading search tool and plays an important role in all our lives, with the average person in the UK making 5 to 10 searches a day. It is equally critical for over 200,000 UK businesses which rely on Google to reach their customers. Google search has delivered tremendous benefits – but our investigation so far suggests there are ways to make these markets more open, competitive and innovative.

    Today marks an important milestone in our implementation of the new Digital Markets Competition Regime in the UK. Alongside our proposed designation of Google’s search activities, we have set out a roadmap of possible future action to improve outcomes for people and businesses in the UK.

    These targeted and proportionate actions would give UK businesses and consumers more choice and control over how they interact with Google’s search services – as well as unlocking greater opportunities for innovation across the UK tech sector and broader economy.

    The CMA welcomes views on its proposed designation decision and accompanying roadmap. A final decision on SMS designation will be made by the deadline of 13 October.

    Alongside its live SMS designation investigations into search and mobile ecosystems, the CMA has been keeping under review the timing and scope of any further SMS designation investigations. The CMA is focused on progressing current SMS investigations and associated actions to improve outcomes in those markets for the remainder of 2025. We will keep under review possible options for a further designation investigation and anticipate this will be considered by the CMA Board in early 2026.

    More information about the investigation is available on the case page.

    Notes to editors

    1. All enquiries from journalists should be directed to the CMA press office by email on press@cma.gov.uk or by phone on 020 3738 6460.
    2. Sarah Cardell has also written a blog post about the investigation.
    3. Search advertising is where an advertiser pays for its advert to appear next to the results from a user’s search. The investigation relates to Google’s general search and search advertising activities.
    4. A finding that Google has SMS does not imply that it has acted anti-competitively. If the CMA designates Google as having SMS, it would then be able (subject to a legal framework that includes further public consultation and showing that measures are proportionate) to introduce interventions (including as set out in the roadmap) to unlock competition, increase innovation, and protect consumers.
    5. In line with the CMA’s prioritisation principles and the strategic steer from government, the CMA’s roadmap considers targeted measures where it can make a difference in the UK, and which fit with steps taken, or proposed, in other jurisdictions such as the EU and US.
    6. The CMA is also considering additional measures to ensure general search and search advertising is open to competition, including from AI services, by addressing barriers to entry and expansion. However, these complex issues are being scrutinised around the world and the CMA recognises that any action taken must fit with decisions being taken elsewhere.
    7. The CMA will be consulting with affected businesses and consumer groups widely over the coming months. The CMA expects to consult on a first set of priority interventions shortly after any designation decision and will publish an updated roadmap addressing our approach to the more complex issues we have identified in early 2026.

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    Published 24 June 2025

    MIL OSI United Kingdom –

    June 24, 2025

  • MIL-OSI: LLVision Launches Leion Hey2 AR Translation Glasses in Seoul, Breaking Language Barriers

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, KOREA, June 24, 2025 (GLOBE NEWSWIRE) — LLVision, an international augmented reality (AR) company, unveiled its newest consumer product, the Leion Hey2 AR translation glasses, at a global launch event in Seoul. These lightweight glasses provide real-time AI translation in over 100 languages, enabling wearers to see live subtitles of spoken dialogue in their field of view. Within two hours of the debut, LLVision reported more than 10,000 pre-orders, highlighting strong demand worldwide.

    Designed for everyday multilingual life, Leion Hey2 is ideal for scenarios like participating in international business meetings, global business traveling or oversea study. The device instantly overlays translated text in the user’s visual field, so they can converse naturally without looking down at a phone. LLVision’s tagline for the product is “Look up, speak out,” reflecting its mission to restore face-to-face communication across language barriers. “Everything we do is to bring communication back to what it should be — natural, human,” said Roy Lou, COO of LLVision.

    At the Seoul event, Hey2 showcased its seamless performance in high accuracy, low lentancy and super long battery life. Behind the scenes, the system uses 360° spatial audio capture and advanced noise reduction to achieve up to 98% speech recognition accuracy even in noisy environments. In one highlight, LLVision’s founder and CEO Wu Fei spoke unscripted in Chinese to the international audience; attendees wearing Hey2 saw live English, Korean, and Japanese subtitles as he spoke, earning applause and demonstrating the device’s real-time translation capability. A fully integrated low-power system and portable charging case allow up to 8 hours of continuous use on a single charge (extendable to 96 hours with the case), which is nearly 3 times more than a benchmark in the AR industry.

    Beyond translation, Leion Hey2 introduces Hey Agent, an onboard AI assistant. With a touch or voice command, Hey Agent can switch languages, take notes or reminders, check weather and finance updates, and auto-generate multi-language meeting summaries. This lightweight voice-activated helper brings LLVision’s advanced AR and AI expertise into everyday tasks, making the glasses a versatile smart device.

    Despite its advanced features, Leion Hey2 maintains an ultra-lightweight design. The glasses weigh just 49 grams and incorporate state-of-the-art waveguide optics (lenses only 0.4 mm thick) to display high-contrast subtitles (up to 2500 nits brightness) even in bright daylight.

    Recently, LLVision showcased Leion Hey2 at the “Accessibility for All Exhibition: Building an Inclusive Future” , held at the Palais des Nations in Geneva by the United Nations Office. Attendees experienced firsthand how this AR translation technology can drive social inclusion and break down communication barriers for people with disabilities.

    Founded in 2014, LLVision is an international AR technology company with offices in Singapore and Beijing. With over 270 AR patents and a leading position in the enterprise AR market, the company has earned more than 180 industry awards. Its AR solutions include smart glasses for the hearing-impaired (winner of a UNESCO innovation award in 2022) and an AR maintenance platform cited alongside ChatGPT in Harvard Business Review’s 2024 technology trends. These achievements underscore LLVision’s vision of using AR and AI as a bridge for global understanding.

    The Leion Hey2 translation glasses will begin shipping to consumers later in 2025. With this launch, LLVision is poised to make AR translation an everyday reality, enabling people everywhere to “hear” the world in their own languages.

    Media contact
    Brand Name : LEION Hey / LLVision
    Contact Person: Roy LOU
    Email: lousq@llvision.com
    Tele: +65 98851629
    Website: https://leion.llvision.com

    The MIL Network –

    June 24, 2025

  • MIL-OSI: LLVision Launches Leion Hey2 AR Translation Glasses in Seoul, Breaking Language Barriers

    Source: GlobeNewswire (MIL-OSI)

    SEOUL, KOREA, June 24, 2025 (GLOBE NEWSWIRE) — LLVision, an international augmented reality (AR) company, unveiled its newest consumer product, the Leion Hey2 AR translation glasses, at a global launch event in Seoul. These lightweight glasses provide real-time AI translation in over 100 languages, enabling wearers to see live subtitles of spoken dialogue in their field of view. Within two hours of the debut, LLVision reported more than 10,000 pre-orders, highlighting strong demand worldwide.

    Designed for everyday multilingual life, Leion Hey2 is ideal for scenarios like participating in international business meetings, global business traveling or oversea study. The device instantly overlays translated text in the user’s visual field, so they can converse naturally without looking down at a phone. LLVision’s tagline for the product is “Look up, speak out,” reflecting its mission to restore face-to-face communication across language barriers. “Everything we do is to bring communication back to what it should be — natural, human,” said Roy Lou, COO of LLVision.

    At the Seoul event, Hey2 showcased its seamless performance in high accuracy, low lentancy and super long battery life. Behind the scenes, the system uses 360° spatial audio capture and advanced noise reduction to achieve up to 98% speech recognition accuracy even in noisy environments. In one highlight, LLVision’s founder and CEO Wu Fei spoke unscripted in Chinese to the international audience; attendees wearing Hey2 saw live English, Korean, and Japanese subtitles as he spoke, earning applause and demonstrating the device’s real-time translation capability. A fully integrated low-power system and portable charging case allow up to 8 hours of continuous use on a single charge (extendable to 96 hours with the case), which is nearly 3 times more than a benchmark in the AR industry.

    Beyond translation, Leion Hey2 introduces Hey Agent, an onboard AI assistant. With a touch or voice command, Hey Agent can switch languages, take notes or reminders, check weather and finance updates, and auto-generate multi-language meeting summaries. This lightweight voice-activated helper brings LLVision’s advanced AR and AI expertise into everyday tasks, making the glasses a versatile smart device.

    Despite its advanced features, Leion Hey2 maintains an ultra-lightweight design. The glasses weigh just 49 grams and incorporate state-of-the-art waveguide optics (lenses only 0.4 mm thick) to display high-contrast subtitles (up to 2500 nits brightness) even in bright daylight.

    Recently, LLVision showcased Leion Hey2 at the “Accessibility for All Exhibition: Building an Inclusive Future” , held at the Palais des Nations in Geneva by the United Nations Office. Attendees experienced firsthand how this AR translation technology can drive social inclusion and break down communication barriers for people with disabilities.

    Founded in 2014, LLVision is an international AR technology company with offices in Singapore and Beijing. With over 270 AR patents and a leading position in the enterprise AR market, the company has earned more than 180 industry awards. Its AR solutions include smart glasses for the hearing-impaired (winner of a UNESCO innovation award in 2022) and an AR maintenance platform cited alongside ChatGPT in Harvard Business Review’s 2024 technology trends. These achievements underscore LLVision’s vision of using AR and AI as a bridge for global understanding.

    The Leion Hey2 translation glasses will begin shipping to consumers later in 2025. With this launch, LLVision is poised to make AR translation an everyday reality, enabling people everywhere to “hear” the world in their own languages.

    Media contact
    Brand Name : LEION Hey / LLVision
    Contact Person: Roy LOU
    Email: lousq@llvision.com
    Tele: +65 98851629
    Website: https://leion.llvision.com

    The MIL Network –

    June 24, 2025

  • MIL-OSI Banking: Panasonic’s nanoe(TM) inhibits dust mite allergens hidden within bedding fibers, a common cause of sleep disturbances during the rainy season

    Source: Panasonic

    Headline: Panasonic’s nanoe(TM) inhibits dust mite allergens hidden within bedding fibers, a common cause of sleep disturbances during the rainy season

    Osaka, Japan, June 24, 2025 – Panasonic Corporation (https://holdings.panasonic/global/) (Panasonic) today announced that it has demonstrated that nanoe (hydroxyl radicals contained in water) technology can inhibit dust mite allergens*1 located 1 cm beneath the surface of bedding, which are considered one of the causes of sleep disturbances. The demonstration was conducted under the supervision of Dr. Shuichiro Shirakawa, Ph.D., Director of Sleep Assessment & Research Institute, Inc. In addition, joint research with Associate Professor Tomoki Fukuyama of the School of Veterinary Medicine at Azabu University verified at the cellular level that the immune response involved in the itching and inflammation caused by dust mite allergens was also inhibited.
    According to the Ministry of Health, Labour and Welfare, approximately one in two Japanese people has an allergic disease,*2 with dust mite allergies being the second most common allergy in terms of the number of patients.*3 Many dust mite allergens are hidden in bedding such as futons and pillows. It is said that there are more than 140,000 dust mites per 2 m2 (equivalent to one futon).*4 Dr. Shirakawa points out that dust mite-derived allergens within 1 cm of the bedding surface are stirred into the air by turning over in bed, becoming one of the factors that can trigger allergic symptoms and disrupt sleep.*1 In particular, from the rainy season in June to the height of summer in August, the humid environment favored by dust mites promotes their peak proliferation.*5
    The verification test was conducted based on the hypothesis that nanoe (hydroxyl radicals contained in water), consisting of nano-sized particles one hundred-thousandth the size of a hair, could inhibit dust mite allergens hidden within the fibers. As a result of the verification, two new findings were obtained: nanoe (hydroxyl radicals contained in water) inhibited both dust mite allergens hidden within bedding and the cellular reactions that lead to itching and inflammation caused by them. The verification found that nanoe (hydroxyl radicals contained in water) technology holds new potential to surpass spatial purification and enhance the quality of the sleep environment. Note that this verification was conducted based on the test conditions described below and did not assess effectiveness in an actual usage environment.
    Panasonic aims to contribute to society by providing safe and secure spaces and will continue to evolve nanoe (hydroxyl radicals contained in water) technology while exploring its future potential.

    ■Comments from Dr. Shuichiro Shirakawa, Director, Sleep Assessment & Research Institute, Inc.

    There are more dust mites hidden in futons and pillows than you might imagine. We believe that this is an unavoidable issue when seeking high-quality sleep. We know that bedding care can be provided through methods such as sun drying, cleaning, or washing, but these are time-consuming, and frequent care can be burdensome. On the other hand, this verification test demonstrated that nanoe (hydroxyl radicals contained in water) can inhibit dust mite allergens without the need for human intervention. We believe this technology has the potential to contribute to creating a comfortable bedroom environment.
    * Panasonic requested comments from Dr. Shirakawa, which were subsequently edited and published here.

    ■Comments from Associate Professor Tomoki Fukuyama, School of Veterinary Medicine, Azabu University

    It is no exaggeration to say that dust mite allergies, like hay fever, are a widespread condition affecting many people and are one of the causes of sleep disturbances. This test verified that nanoe (hydroxyl radicals contained in water) technology can inhibit the immune response that leads to itching and inflammation by inhibiting dust mite allergens. Based on these results, we believe that nanoe (hydroxyl radicals contained in water) technology has the potential to alleviate the symptoms of dust mite allergies and reduce their sleep-disrupting effects.
    * Panasonic requested comments from Associate Professor Tomoki Fukuyama, which were subsequently edited and published here.

    ■Key points of this verification

    Dust mite allergens typically reside within 1 cm of the surface of bedding and are considered one of the factors that disrupt sleep. This verification demonstrated that nanoe (hydroxyl radicals contained in water) can inhibit them.
    Exposing cells to dust mite allergens inhibited by nanoe (hydroxyl radicals contained in water) technology demonstrated that nanoe inhibited the activity of the cells leading to inflammation and itching.

    ■Principle of nanoe (hydroxyl radicals contained in water) generation

    Figure 5. nanoe (hydroxyl radicals contained in water) generator

    nanoe (hydroxyl radicals contained in water), approximately 5 to 20 nanometers in size and containing hydroxyl radicals, is generated by cooling the atomizing electrode with a Peltier element, condensing moisture from the air into water, and applying a high voltage between the atomizing electrode and the counter electrode.

    ◆Click here for a summary of this press release.https://www.panasonic.com/global/consumer/nanoe/ja/topics/2506XX.html
    ◆Click here for the research results of nanoe (hydroxyl radicals contained in water) technologyhttps://www.panasonic.com/global/consumer/clean/hydroxyl.html

    Notes:
    *1: Reference: Shuichiro Shirakawa, “Interview on factors that disrupt sleep”
    *2: Reference: Ministry of Health, Labour and Welfare, “Rheumatism and Allergy Countermeasures Committee Report”
    *3: Reference: Takechika Ohmori, “Trends in Outpatient Therapy for Allergies”
    *4: Reference: Hiroki Kamezaki, “Fauna and spatial distribution of house-dust mites in Japanese mattress”
    *5: Reference: Junko Miyamoto, “Ecological studies of house dust mites—Seasonal changes in mite populations in house dust in Japan”

    Media Contact:

    Living Appliances and Solutions Company, Panasonic CorporationPublic Relations, Corporate Policy Department, Corporate Planning CenterEmail: las-pr@gg.jp.panasonic.com

    Customer Contact:

    Living Appliances and Solutions Company, Panasonic CorporationDevices Products Business Unit, Beauty and Personal Care Business DivisionTelephone: +81-(0)749-27-0485 (available 9:30 a.m. to 5:00 p.m. excluding Saturdays, Sundays, and public holidays)

    MIL OSI Global Banks –

    June 24, 2025

  • MIL-OSI Russia: Scientists and NSU graduates have developed an algorithm for controlling a swarm of drones using the “detection-delivery” scheme

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    Scientists from NSU, engineers from Smart Drones LLC (SmartDrones platform) and specialists from the Siberian Fire and Rescue Academy of the State Fire Service of the Russian Emergencies Ministry presented a joint development — an algorithm for controlling a swarm of drones, online detection and determination of the coordinates of detected objects using AI. The technology was tested at an off-site meeting dedicated to the introduction of innovative technologies in the work of agricultural producers, which took place in the Ordynsky District on June 20 with the participation of Deputy Governor of the Novosibirsk Region Irina Manuilova, Minister of Science and Innovation Policy of the Novosibirsk Region Vadim Vasiliev and Minister of Agriculture of the region Andrei Shindelov. The off-site meeting of representatives of science, developers of advanced technologies and innovative projects was held at the production site of Dary Ordynska OPKh LLC.

    The researchers demonstrated the ability of drones to interact in space using the detection-delivery scheme, distributing tasks: one of them detects an object, determines and transmits coordinates to another drone, which carries out delivery according to the specified coordinates. The control algorithm can be scaled to any number of devices and different types of recognized objects.

    The joint development is the result of agreements that were reached after testing drone delivery in April. Then, a new model of an unmanned aerial vehicle, developed by NSU scientists for delivering goods to hard-to-reach areas, successfully covered a distance of 4.5 km across the Ob River and delivered the goods to their destination. The test flight was part of the first tests in Siberia of SmartDrones Fires technology for detecting and extinguishing fires using a swarm of drones and AI technologies, jointly with the Main Directorate of the Ministry of Emergency Situations of Russia for the Novosibirsk Region.

    — Based on the results of the tests, we decided to combine the two technologies and try to work them out in a complex, namely: one drone, controlled using specialized SmartDrones software developed by our company, automatically analyzes data from a video camera, detects a person and transmits his coordinates to the second drone developed by NSU. The second UAV automatically delivers the necessary parcel, which may include water, medicine, etc., according to the specified coordinates. In two months, we took the necessary steps for integration and presented the new technology in action at an off-site meeting that took place at the end of last week, — said Alexey Meleshikhin, founder of the Smart Drones company, a graduate of the Physics Department of NSU.

    In the future, NSU researchers and engineers from the SmartDrones startup will work together to improve the technology for controlling a swarm of drones using the “detection-delivery” scheme and plan to create a full-fledged digital platform that will find application in various areas – agriculture, tourism, emergency prevention, etc.

    — Now we have worked out the interaction of two drones and tested the algorithm “detection and delivery of water”. We have shown how the automatic data transfer from the first drone to the second one works, so that the latter arrives at these coordinates and makes the delivery. In the future, we plan to conduct testing on a larger number of devices, when we can have several drones, each of them monitoring its own square and solving the problem of detecting different types of objects that need different types of delivery – water, medicine, life jacket, etc. In the future, the technology can be scaled to an unlimited number of devices. In addition, the platform being developed will allow drones to make various joint decisions. For example, to calculate the distance of an object and determine who will fly to it faster and deliver, for example, a first aid kit to a victim; what to do in case of loss of communication with one of the UAVs, etc. All these algorithms will be worked out and implemented on the basis of the SmartDrones digital platform, — explained Alexey Meleshikhin.

    The Smart Drones company, founded by NSU graduates and developing the SmartDrones Fires hardware and software complex for automatic fire detection and calculation of the forces and means required to extinguish them using a swarm of drones and AI technologies, is a resident of AkademPark and the winner of the spring, 30th, anniversary accelerator A:START.

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

    MIL OSI Russia News –

    June 24, 2025

  • MIL-OSI: Zinemx Exchange Launches Multi-Functional Crypto Wallet to Enhance Asset Management

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 24, 2025 (GLOBE NEWSWIRE) — According to crypto asset security reports, software vulnerabilities, forgotten passwords, lost devices, paper wallets destroyed in incidents like the Los Angeles wildfire, and unbacked data can all lead to asset loss. To address these issues, Zinemx Exchange has introduced an innovative wallet security solution. Zinemx Wallet supports multi-chain asset management, encrypted private key storage, and multi-factor authentication, providing a more secure and convenient crypto asset management service.

    Multi-Chain Asset Management

    Zinemx Wallet supports mainstream crypto assets such as BTC, ETH, and USDT, and is compatible with major token standards, allowing users to manage various crypto assets within a single wallet—eliminating the need to switch between multiple platforms. The wallet features a built-in intelligent asset management system, enabling users to easily view asset allocation, transaction history, and real-time market data, helping investors manage and optimize their crypto portfolios more efficiently.

    Encrypted Private Key Storage

    To maximize user asset security, Zinemx Wallet employs local encrypted private key storage technology, ensuring that private keys are never stored on any centralized server, thereby eliminating the risk of hacking or data breaches. The wallet utilizes multi-party computation technology for private key sharding, so even if a device is lost, users can recover their assets through a recovery mechanism. The wallet also supports offline signing, ensuring transactions can be securely executed in offline environments and preventing assets from being stolen by malicious software or phishing attacks.

    Expanding Web3 Applications

    Zinemx Exchange plans to launch more crypto products, including decentralized identity, asset custody, and data analytics systems. Zinemx Wallet will further optimize cross-chain technology, improve asset transfer efficiency, and add more on-chain interaction features.

    Zinemx Exchange is deepening its crypto financial ecosystem, striving to provide users with more comprehensive asset management solutions. Amid the rapid growth of the crypto asset market, Zinemx will continue to drive technological innovation, helping global users manage their crypto assets with ease and embrace the future of crypto finance.
    Media contact: support@zinemx.org
    Disclaimer: This press release is provided by Zinemx Exchange. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e2deb3e9-43b2-404f-8423-21f991f248bd

    The MIL Network –

    June 24, 2025

  • MIL-OSI: Zinemx Launches Options Trading to Empower Investors with Diversified Trading Opportunities

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 24, 2025 (GLOBE NEWSWIRE) — As global listed companies and funds accelerate their deployment in crypto assets, Zinemx Exchange has introduced options trading, supporting a variety of options strategies to provide institutional investors with more flexible risk management and profit opportunities. The options profit calculator and strategy simulation system help clients develop optimal investment plans and reduce uncertainties caused by market volatility.

    At Zinemx Exchange, investors can use options to hedge against market fluctuations, minimizing potential losses during periods of sharp price movements. The leverage effect allows investors to control larger market positions with relatively small capital input, improving capital efficiency. Investors can also employ different options combination strategies to profit flexibly in both rising and falling markets.

    To help investors better understand and utilize options trading, Zinemx Exchange has launched a suite of intelligent trading tools. The options profit calculator enables users to input different market assumptions and instantly calculate the profitability of options positions, ensuring precise trading decisions.

    The strategy simulation system allows investors to simulate the performance of various options combinations in real market environments, optimizing trading strategies and reducing uncertainties brought by market volatility. The market data analytics of Zinemx Exchange provide real-time options market data, helping users keep abreast of market trends.

    The options trading functionality of Zinemx Exchange is designed not only for individual investors but also offers a more reliable trading environment for institutional clients. The platform supports large order matching, batch trading APIs, intelligent risk control systems, and provides customized liquidity solutions to meet the professional needs of institutional investors in crypto derivatives.

    The launch of options trading marks a significant breakthrough for Zinemx Exchange in crypto financial innovation. In the future, the platform plans to further expand its derivatives market, introduce more innovative trading tools, and remain committed to building a more comprehensive crypto asset trading ecosystem, delivering superior trading services to investors.
    Media contact: support@zinemx.org
    Disclaimer: This press release is provided by Zinemx Exchange. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ae82a8b-0d56-43ce-87a8-78efd21cdf1d

    The MIL Network –

    June 24, 2025

  • Indian stock market opens higher as geopolitical tensions ease

    Source: Government of India

    Source: Government of India (4)

    Equity benchmarks opened on a strong note on Tuesday, buoyed by easing geopolitical tensions in West Asia and positive cues from global markets. The rally followed an announcement by U.S. President Donald Trump declaring a ceasefire between Iran and Israel.

    The BSE Sensex rose 756.5 points, or 0.92%, to 82,653.33 in early trade, while the NSE Nifty climbed 229 points, or 0.92%, to 25,200.90. Broad-based buying was seen across sectors, with auto, IT, PSU banks and financial services stocks leading the gains.

    Analysts noted that the de-escalation in West Asia is likely to reduce volatility in crude oil and equity markets. “The sharp reactions in the crude oil and stock markets suggest the geopolitical situation is limping back to normalcy,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    The Nifty Bank index gained 557.25 points, or 0.99%, to trade at 56,616.60. The Nifty Midcap 100 rose 411 points, or 0.71%, to 58,617.80, while the Nifty Smallcap 100 was up 123.05 points, or 0.67%, at 18,443.95.

    Aakash Shah, Technical Research Analyst at Choice Broking, said the recovery in the Nifty and Bank Nifty indicates buying interest at lower levels, but added that a breakout above 25,200 and 56,300 respectively would be needed for a sustained rally. “Given the current environment of heightened volatility, investors should remain cautiously optimistic,” he said.

    In the Sensex pack, Adani Ports, M&M, UltraTech Cement, L&T, Titan, SBI, Asian Paints, Bajaj Finance and Bajaj Finserv were among the top gainers. NTPC, BEL and Trent were trading in the red.

    On the institutional front, foreign institutional investors (FIIs) were net sellers on June 23, offloading equities worth ₹1,874.38 crore. In contrast, domestic institutional investors (DIIs) bought stocks worth ₹5,591.77 crore.

    Asian markets mirrored the optimism, with indices in Bangkok, Tokyo, Shanghai, Seoul, Hong Kong and Jakarta trading in positive territory.

    Overnight in the U.S., the Dow Jones closed at 42,581.78, up 374.96 points (0.89%). The S&P 500 gained 0.96% to end at 6,025.17, while the Nasdaq advanced 0.94% to 19,630.97.

    -IANS

    June 24, 2025

  • MIL-Evening Report: A carbon levy on global shipping promises to slash emissions. We calculated what that means for Australia’s biggest export

    Source: The Conversation (Au and NZ) – By Michael Brear, Director, Melbourne Energy Institute, The University of Melbourne

    Costfoto/NurPhoto via Getty Images

    Moving people and things around the world by sea has a big climate impact. The shipping industry produces almost 3% of global greenhouse gas emissions – roughly the same as Germany – largely due to the movement of container ships, bulk carriers and tankers.

    Under international rules, these emissions are not included in any nation’s greenhouse gas reporting. That means they often escape scrutiny.

    Unlike cars, international shipping can’t shift to using low-emissions electricity – the batteries required are too big and heavy. So clean fuels must play a role.

    A proposed shake-up of the global shipping industry would encourage the use of clean fuels and penalise shipping companies that stick to cheaper, more polluting fuels. Should it proceed, emissions from global shipping would be regulated for the first time.

    Using our peer-reviewed modelling, we investigated how the changes might affect Australia’s largest export: iron ore.

    What is the proposed carbon levy all about?

    The International Maritime Organisation (IMO) is the United Nations body responsible for regulating international shipping. It recently approved a draft plan to tackle the shipping sector’s contribution to climate change through a type of “cap and trade” scheme.

    The plan would involve setting a limit, or cap, on how much each shipping company can emit. Companies must then either buy credits or be penalised if they go over their limit. Companies that stay under their limit – for example, by using cleaner fuels – would earn credits, which they could then sell.

    In this way, high-emitting shipping companies are penalised and low-emitting companies are rewarded.

    Under the plan, the total limit for emissions from global shipping would fall each year. This increases the incentive for companies to switch to lower emission fuels and makes higher-emission fuels progressively more expensive to use.

    The plan is scheduled to be adopted by the shipping industry in October this year and would begin in 2027.

    Not all fuels are the same

    The proposed change is particularly significant for Australia. As a remote island nation, our imports and exports are heavily reliant on massive ships. This is most important for our commodity exports – iron ore in particular.

    Our recently published modelling estimated the emissions and financial impacts of various low-emission shipping options for Australia’s exports.

    We estimated Australia’s commodity exports create about 34 million tonnes of greenhouse gases a year. This is about 8% of Australia’s domestic greenhouse gas emissions, but it’s not included in Australia’s national reporting.

    Using the same modelling, we then examined how the proposed new regulation would affect the cost of shipping Australia’s largest export, iron ore. We chose a common route from Port Hedland in Western Australia to Shanghai in China.

    First, we looked at current fuel costs, as well as overall shipping costs measured per tonne of delivered ore. Shipping costs include both the fuel costs and the cost of the ships designed to use it. Then we estimated how much fuels and shipping might cost from 2030, assuming the proposed regulation has come into force.

    We also examined three types of fuel.

    The first was heavy fuel oil (HFO), one of the main fuels used in international shipping. It’s traditionally the cheapest shipping fuel and also has the highest greenhouse gas emissions.

    The second was “blue” ammonia. This fuel is typically made from natural gas using a manufacturing process where the carbon in the natural gas is captured and stored. It has lower greenhouse gas emissions than heavy fuel oil, but it is not a “green” fuel.

    Thirdly, we looked at “green” ammonia, which is produced using renewable energy. We examined two types of green ammonia – that produced using current technology, and “advanced” green ammonia, made using new technologies in development.

    Is green ammonia an answer?

    From about 2030, the overall cost of shipping powered by heavy fuel oil will start to rise significantly under the proposed regulation. That’s because shipping companies using this fuel must purchase credits from those using cleaner options.

    Blue ammonia may then make it cheaper to ship iron ore from Australia to Asia. Users of this fuel could generate and sell credits that higher-emitting fuel users buy, offsetting some of the shipping costs associated with using blue ammonia.

    But if international shipping is to reach the IMO’s goal of net-zero emissions by about 2050, this is very likely to require a green fuel.

    However, green ammonia is more expensive than heavy fuel oil and blue ammonia with current technology. And our analysis found the proposed regulation – and associated subsidy – doesn’t make it the lowest cost shipping option from 2030 onwards either.

    This is why technological innovation is important. CSIRO projections of the future costs of renewable energy and green-fuel manufacture suggest that, should technologies improve, green ammonia may compete on cost with heavy-fuel oil in the 2030s, even without subsidies.

    If so, this zero-emission fuel could become the cheapest way to export Australian iron ore.

    Looking ahead to net-zero

    As our calculations show, a combination of regulation and innovation could help international shipping achieve its goal of net-zero emissions.

    These fuels could be made in Australia, and potentially used by other industries such as rail, mining, road freight and even aviation.

    Such an industry would therefore contribute significantly to the world’s emission-reduction goals, and could help Australia realise its ambition to become a major global exporter of green fuels and other green products.

    Michael Brear receives research funding from the Australian Renewable Energy Agency, the Australian Research Council, the Future Energy Exports CRC and the Clean Marine Fuel Institute. He also receives funding from other government and industry organisations for work on other aspects of energy and transport decarbonisation.

    Gerhard (Gerry) F. Swiegers is an ARC Industry Laureate Fellow and the Chief Technology Officer of Hysata. Hysata is a manufacturer of electrolysers which are used for green hydrogen manufacture. Green hydrogen is a key feedstock for the manufacture of green ammonia.

    Michael Leslie Johns receives funding from the ARC and Future Energy Exports CRC.

    Nguyen Cao receives funding from the Future Energy Exports CRC and the Clean Marine Fuel Institute.

    Rose Amal is the leader of the Particles and Catalysis Research Group, Co-Director of ARC Training Centre for the Global Hydrogen Economy and the Lead of the PowerFuels Network under NSW Decarbonisation Innovation Hub. Rose receives funding from Australian Research Council (ARC) and Department of Industry, Science, Energy and Resources, Department of Education (Trailblazer Recycling and Clean Energy program), ARENA and NSW Environmental Trust. She was an ARC Laureate Fellow.

    – ref. A carbon levy on global shipping promises to slash emissions. We calculated what that means for Australia’s biggest export – https://theconversation.com/a-carbon-levy-on-global-shipping-promises-to-slash-emissions-we-calculated-what-that-means-for-australias-biggest-export-258915

    MIL OSI Analysis – EveningReport.nz –

    June 24, 2025

  • MIL-OSI Banking: Media release: Vic Government’s rethink on gas ban recognises Victorians want choice – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media release: Vic Government’s rethink on gas ban recognises Victorians want choice – Australian Energy Producers

    The Victorian Government’s partial backdown on its proposed ban on new gas appliances is welcome acknowledgment that Victorians want choice for their homes and businesses, but more needs to be done to address gas shortfalls facing the state, Australian Energy Producers Victorian Director Peter Kos said.

    “This is a welcome and pragmatic shift from the wider gas appliance ban the Victorian Government proposed earlier this year, which would have increased costs for households and businesses, stifled crucial gas investment and left Victorians facing higher energy bills and reduced energy security,” Mr Kos said.

    “It shows the Government has heard the clear message from households and industry that gas remains vital to Victoria’s energy security and that Victorians want to keep using gas.

    “However, the plan to force homes off gas hot water and banning gas connections in new commercial developments further adds to the Government’s mixed messages on gas and does not address the urgent need for more gas supply to avoid structural shortfalls forecast for Victoria from 2029.”

    Mr Kos said Victoria’s gas industry is committed to bringing new supply to market, but needs evidence-based energy policy that recognises the long-term role of gas in Victoria’s energy mix to encourage investment in new gas exploration and development.

    “Victoria has vast untapped gas reserves in Gippsland and the Otway Basin. The Government should work with industry to unlock this opportunity and ensure Victorians continue to have reliable and affordable energy,” Mr Kos said.

    Australian Energy Producers’ submission to the draft Regulatory Impact Statement highlighted the critical role of gas in Victoria’s energy mix, with over 2 million homes and businesses connected to the gas network. The natural gas industry employs over 40,000 Victorians and contributes $22 billion to the Victorian economy each year.

    MIL OSI Global Banks –

    June 24, 2025

  • MIL-Evening Report: Iran’s internet blackout left people in the dark. How does a country shut down the internet?

    Source: The Conversation (Au and NZ) – By Mohiuddin Ahmed, Senior Lecturer of Computing and Security, Edith Cowan University

    Dylan Carr/Unsplash

    In recent days, Iranians experienced a near-complete internet blackout, with local service providers – including mobile services – repeatedly going offline. Iran’s government has cited cyber security concerns for ordering the shutdown.

    Shutting off the internet within an entire country is a serious action. It severely limits people’s ability to freely communicate and to find reliable information during times of conflict.

    In countries that have privatised mobile and internet providers, control is often exercised through legislation or through government directives – such as age restrictions on adult content. By contrast, Iran has spent years developing the capacity to directly control its telecommunications infrastructure.

    So how can a country have broad control over internet access, and could this happen anywhere in the world?

    How does ‘blocking the internet’ work?

    The “internet” is a broad term. It covers many types of applications, services and, of course, the websites we’re familiar with.

    There’s a range of ways to control access to internet services, but broadly speaking, there are two “simple” methods a nation could use to block citizens’ internet access.

    Hardware

    A nation may opt to physically disconnect the incoming internet connectivity at the point of entry to the country (imagine pulling the plug on a telephone exchange).

    This allows for easy recovery of service when the government is ready, but the impact will be far-reaching. Nobody in the country, including the government itself, will be able to connect to the internet – unless the government has its own additional, covert connectivity to the rest of the world.



    Read more:
    Undersea cables are the unseen backbone of the global internet

    Software and configuration

    This is where it gets more technical. Every internet-connected endpoint – laptop, computer, mobile phone – has an IP (internet protocol) address. They’re strings of numbers; for example, 77.237.87.95 is an address assigned to one of the internet service providers in Iran.

    IP addresses identify the device on the public internet. However, since strings of numbers are not easy to remember, humans use domain names to connect to services – theconversation.com is an example of a domain name.

    That connection between the IP address and the domain is controlled by the domain name system or DNS. It’s possible for a government to control access to key internet services by modifying the DNS – this manipulates the connection between domain names and their underlying numeric addresses.

    An additional way to control the internet involves manipulating the traffic flow. IP addresses allow devices to send and receive data across networks controlled by internet service providers. In turn, they rely on the border gateway protocol (BGP) – think of it like a series of traffic signs which direct internet traffic flow, allowing data to move around the world.

    Governments could force local internet service providers to remove their BGP routes from the internet. As a result, the devices they service wouldn’t be able to connect to the internet. In the same manner, the rest of the world would no longer be able to “see” into the country.



    Read more:
    Internet shutdowns: here’s how governments do it

    How common is this?

    In dozens of countries around the world, the internet is either routinely controlled or has been shut down in response to major incidents.

    A recent example is a wide-scale internet blackout in Bangladesh in July 2024 during student-led protests against government job quotas.

    In 2023, Senegal limited internet access to handle violent protests that erupted over the sentencing of a political leader. In 2020, India imposed a lengthy internet blackout on the disputed Himalayan region of Kashmir. In 2011, the Egyptian government withdrew BGP routes to address civil unrest.

    These events clearly show that if a government anywhere in the world wants to turn off the internet, it really can. The democratic state of the country is the most significant influence on the willingness to undertake such action – not the technical capability.

    However, in today’s world, being disconnected from the internet will heavily impact people’s lives, jobs and the economy. It’s not an action to be taken lightly.

    How can people evade internet controls?

    Virtual private networks or VPNs have long been used to hide communications in countries with strict internet controls, and continue to be an effective internet access method for many people. (However, there are indications Iran has clamped down on VPN use in recent times.)

    However, VPNs won’t help when the internet is physically disconnected. Depending on configuration, if BGP routes are blocked, this may also prevent any VPN traffic from reaching the target.

    This is where independent satellite internet services open up the most reliable alternative. Satellite internet is great for remote and rural areas where traditional internet service providers have yet to establish their cabling infrastructure – or can’t do so.

    Even if traditional wired or wireless internet connections are unavailable, services such as Starlink, Viasat, Hughesnet and others can provide internet access through satellites orbiting Earth.

    To use satellite internet, users rely on antenna kits supplied by providers. In Iran, Elon Musk’s Starlink was activated during the blackout, and independent reports suggest there are thousands of Starlink receivers secretly operating in the country.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Iran’s internet blackout left people in the dark. How does a country shut down the internet? – https://theconversation.com/irans-internet-blackout-left-people-in-the-dark-how-does-a-country-shut-down-the-internet-259546

    MIL OSI Analysis – EveningReport.nz –

    June 24, 2025

  • MIL-OSI Russia: NSU students won six medals at the “I am a professional” Olympiad

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    The results of the All-Russian Student Olympiad “I am a Professional” – one of the largest educational projects in the country – have been summed up. NSU students won six medals: three gold and three bronze.

    Master’s student Faculty of Information Technology Ivan Baksheev won the gold medal and became the winner of the Olympiad for the fourth time. This year, he immediately went to the final as last year’s medalist. The Olympiad included two rounds: theoretical and practical, both under strict online proctoring.

    — I have been participating in the Olympiad for several years now. This year was my last chance, as the Olympiad is not held for postgraduates. The most difficult tasks were those on the physical protection of critical facilities, but in the end I solved them best. And in the practical round, I had to urgently deal with memory dumps — quickly find the necessary software, install and use it. The results were expected: judging by the scores, it was already clear in April that the gold was in my pocket, — Ivan shares.

    The student is currently continuing his research work, with his interests focused on various aspects of information theory, including issues related to data protection:

    “I am studying various aspects of information theory and plan to enroll in graduate school at NSU or one of the institutes of the Siberian Branch of the Russian Academy of Sciences, continuing to work in this field,” he says.

    The gold medal in the Psychology track was won by Lyubov Pecherina, a student at the Institute of Medicine and Medical Technologies of NSU. The Olympiad was held in two stages – an online qualifying round and an in-person final, which Lyubov wrote at the TSU site.

    — During my school years, I actively participated in Olympiads — I won and took prizes. In my fourth year, I wanted to test my knowledge again, but in the direction of my studies at the university, that is, psychology. The result was the status of a gold medalist, that is, first place. The Olympiad tasks were really interesting, and completing them brought me considerable pleasure. I think the most difficult task was the one in which I had to read an English-language article from a scientific journal on cognitive sciences and write an abstract for it, also in English. But what I liked most was the task about the problems of the modern urban environment and the psychological consequences of living in the city, which required multidisciplinary knowledge. I was once again convinced that the main thing when solving problems in the Olympiad is not to be afraid to think and always go beyond the curriculum, to act creatively. I was amazed at such a high result. When I saw my gold medal diploma, tears came to my eyes, and I realized that all the effort I put into my studies was not wasted, says Lyubov.

    Lyubov is currently studying the characteristics of self-perception in people with autism spectrum disorders and is preparing to enter the NSU Master’s program in counseling and clinical psychology.

    — I study autism spectrum disorder, namely, what characterizes and distinguishes the perception of the surrounding world, oneself, one’s body and emotions in people with ASD from neurotypical people. In the future, I plan to enroll in a master’s program at NSU, finish and publish an article dedicated to the peculiarities of self-perception in autistic people, and, of course, take part in the Olympiad again, — Lyubov shares.

    Another gold medal winner is Alexander Tomilov, a student Faculty of Natural SciencesHe became the winner in the track “Chemistry”.

    — I have been participating in this Olympiad for the second year, because it gives an opportunity to demonstrate my knowledge and receive a reward in the form of an increased scholarship or cash prizes for medalists. This year I managed to become a gold medalist in Chemistry and a prize winner in Physics, which I am very happy about. The selection was held online, the semi-final included theoretical problems, and the final at Moscow State University was a practical course. There, it was necessary to work in a chemical laboratory: prepare solutions, carry out synthesis and analyze products. This year, the problems were closer to those we solve at the department, so I coped with them more confidently. The medal is both recognition and financial support, — says Alexander.

    Nazim Mustafin, a student of the Faculty of Natural Sciences, became a two-time bronze medalist of the Olympiad in two tracks at once: Chemistry and Biotechnology.

    — There is a qualifying round for both Olympiads, but I only wrote the chemistry qualifying round, since my diploma in biotechnology was accepted last year. The chemistry qualifying round was quite difficult, so I didn’t think I would make it to the final. However, I was lucky, — says Nazim.

    The final of the chemical track took place at Moscow State University. Nazim managed to meet friends in Moscow, visit various museums and become a prize winner.

    — Last year I won a silver medal in biotechnology and fourth place in chemistry — this year the results have shifted a little. The student track for the master’s degree is more difficult: I had to compete with graduates of the master’s degree. The final in chemistry itself was easier this year — I scored 99 points out of 100 for the practical. But in biotechnology they added a choice of problems, and it became more difficult to calculate the time correctly, — Nazim admits.

    Nazim calls participation in the Olympiad a challenge and an opportunity to earn money – there is a solid cash prize for medals. Next year, he plans to try his hand at mathematics and quantum computing.

    — I am very happy with this victory. Now the period of active study is over, so I plan to delve into the theoretical foundations of what I do in the laboratory, at the same time I am working there on a project to assemble an experimental setup, — the prize winner concludes.

    Also, a bronze medal in biotechnology was won by a student of the Faculty of Natural Sciences Anna Skotareva. This is her first participation in this track, and immediately – a prize place.

    — I have been participating in Olympiads since the first grade. At university I decided to continue — this year I tried myself in biotechnology for the first time and unexpectedly received bronze. The tasks were classic, without surprises. The topics about industrial ecology and synthetic structures turned out especially well — they are close to what I do, — Anna shares.

    In addition, Anna became the winner in the track “Ecology”. Now she studies genes associated with antibiotic resistance in prokaryotes, is interested in systems biology and bioinformatics.

    “These days it’s difficult to be a specialist in one field; you need to be able to adapt quickly,” says Anna.

    The All-Russian Olympiad “I am a Professional” is the flagship project of the presidential platform “Russia – the Land of Opportunities”. It is held with the support of the Ministry of Education and Science of the Russian Federation, more than 35 leading universities in the country and over 500 companies, including Yandex, Sber, VTB, Rosatom, Russian Railways and others.

    Congratulations to the winners and prize winners!

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

    MIL OSI Russia News –

    June 24, 2025

  • MIL-OSI New Zealand: Police formally identify man found deceased in Waikato River

    Source: New Zealand Police

    Police have formally identified a man located deceased in a car in the Waikato River last year.

    He was Michael Murdoch, aged 44, from Ngāruawāhia, who had been missing since September 2019.

    Michael’s body was found in his car in the Waikato River on 13 August 2024, by a company which removes wrecked cars and other hazardous materials from the river.

    Formally identifying Michael was a complex and lengthy process, due to having been in the river for a significant period of time.

    Michael’s death is being treated as unexplained and has been referred to the Coroner.

    Note for media: Michael’s family has requested privacy and do not wish to be contacted by media outlets.

    ENDS

    Issued by Police Media Centre. 

    MIL OSI New Zealand News –

    June 24, 2025

  • MIL-OSI USA: Dr. Rand Paul Introduces “End the Fed’s Big Bank Bailout Act”

    US Senate News:

    Source: United States Senator for Kentucky Rand Paul

     

    FOR IMMEDIATE RELEASE:

    June 20th, 2025

     Contact: Press_Paul@paul.senate.gov, 202-224-4343

    Dr. Rand Paul Introduces “End the Fed’s Big Bank Bailout Act”

    WASHINGTON, D.C. — U.S. Senator Rand Paul (R-KY)  introduced the End the Fed’s Big Bank Bailout Act, legislation to prohibit the Federal Reserve from paying interest on balances held at Federal Reserve banks by or on behalf of depository institutions.

    “Our country is over $36 trillion in debt,” said Dr. Paul. “But no one pays attention to the hundreds of billions of dollars the Federal Reserve unnecessarily paid to banks to NOT lend money to consumers.”

    Until 2008, the Federal Reserve paid no interest to banks on reserve balances. That changed after the financial crisis, when Congress authorized the payments as a tool to control the money supply. From 2008 to 2016, interest payments averaged just $5 billion annually. But with the Fed’s rate now above 4 percent, these payments have exploded.

    “In 2022, the Fed paid $60 billion to banks. In 2023, the Fed payments to banks rose to over $176 billion. And in 2024, the Fed’s subsidy to banks rose to about $186 billion. The Fed has been operating at a loss since September 2022,” Dr. Paul continued. “While the Fed no longer has profits and ceased returning those profits to the taxpayers by remitting those funds to the Treasury, it still, to this very day, pays what has amounted to hundreds of billions of dollars to banks.”

    The End the Fed’s Big Bank Bailout Act amends Section 19 of the Federal Reserve Act to eliminate the Fed’s authority to make these interest payments. Senator Paul argues this simple change could save more than a trillion dollars over the next decade.

    “At a time of persistent and self-imposed worsening losses at the Fed, the manipulators of the American economy continue to pay banks to do nothing but have their funds sit in a safe,” said Dr. Paul. “How can anybody, especially the populist Republicans and the entire Democratic Caucus, defend such a subsidy when supposed income inequality and the national debt is at the top of the political agenda?”

     Read the bill HERE.

    MIL OSI USA News –

    June 24, 2025

  • MIL-OSI USA: Dr. Rand Paul Introduces the Restore Prescription Drugs Discount Act 

    US Senate News:

    Source: United States Senator for Kentucky Rand Paul

    FOR IMMEDIATE RELEASE:

    June 23rd, 2025

     Contact: Press_Paul@paul.senate.gov, 202-224-434

    WASHINGTON, D.C. — U.S. Senator Rand Paul (R-KY) today introduced the Restore Prescription Drugs Discount Act, a bill to eliminate an outdated antitrust law that hinders insurers and employers from negotiating upfront discounts for better prices on prescription drugs.

    As a result of a class action lawsuit in the 1990s, the Robinson-Patman Act of 1936 prohibits insurers and employers from negotiating upfront discounts with pharmaceutical companies to drive the cost of prescription drugs down. To comply with this ruling, drug manufacturers shifted from offering upfront discounts to retroactive discounts, also known as rebates, provided upon proof of sales. Simply put, the Robinson-Patman Act’s ban on upfront discounts leaves insurers and employers without leverage to negotiate, leading to higher costs for patients.

    Dr. Paul’s bill would fully repeal the law and give insurers the ability to negotiate savings more transparently, helping drive down drug prices for patients.

    “The Robinson-Patman Act is a relic from the Great Depression,” said Dr. Paul. “It punishes direct discounting and drives up costs for patients. Repealing it will remove an unnecessary legal barrier and bring transparency and competition back to the prescription drug market.”

    Read the full bill HERE.

    MIL OSI USA News –

    June 24, 2025

  • MIL-OSI China: China maps new healthcare blueprint for world

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

    How can people in remote and underdeveloped areas access advanced healthcare services? Can tailored medical solutions meet their unique needs? China, with such questions in mind, is boosting technological advancements to map a healthcare blueprint that benefits the world.

    Jotham Kimondo, a 35-year-old doctoral student from Tanzania, is currently studying at the University of Electronic Science and Technology of China in Chengdu, capital of southwest China’s Sichuan Province.

    Under the supervision of Wu Zhe, a professor at the university and director of the Chengdu Tianfu Jincheng Frontier Medical Equipment Research Institute, Kimondo is focusing on the design of ultrasonic medical devices.

    As a faculty member in Tanzania, Kimondo aims to learn ultrasonic instrument design and manufacturing in China to benefit his home country.

    “My research involves innovative design of ultrasonic medical instruments to monitor the pathological changes of human tissues, which is an important indication of disease. Women in Tanzania still rely on traditional methods like physician’s palpation to check for lumps in the mammary examination. This approach greatly depends on physicians’ individual experience and is not always accurate. And some women are not willing to do breast examinations,” said Kimondo.

    Kimondo added that many diseases still plague the people of Tanzania. “I want to improve healthcare in Tanzania, helping people to maintain health. If we develop more innovative ultrasonic medical equipment together in the future, it would be highly beneficial for early screening of breast diseases and other illnesses in Tanzania, especially after those devices become more convenient and cheaper, and can be better promoted across African countries.”

    At the Tianfu Jincheng Lab City of Future Medicine, over 53 registered companies related to frontier medicine have been attracted to explore the cutting edge of future medical innovation and integrated medicine.

    Recently, at the Remote Ultrasound Center of the Tianfu Jincheng institute, a doctor was talking online with another doctor at the Ultrasound Department of Chengdu Eastern New Area Second People’s Hospital, guiding the use of a portable ultrasound device on a patient’s carotid artery.

    Real-time imaging and relevant data of the ultrasound inspection were displayed on a shared screen, allowing the two doctors to communicate directly, discuss pathological conditions and give professional diagnostic results.

    “Traditional high-end ultrasound machines are expensive, costing millions. Rural residents in China’s western regions often need to seek ultrasound examinations in higher-level county hospitals,” Wu explained.

    “Our research efforts aim to enable portable ultrasound devices to be widely used in rural areas of western China for early disease screening and chronic disease management. Compared to high-end ultrasound machines, our portable device significantly lowers costs. Additionally, it is simpler and more convenient to use in grassroots hospitals,” Wu added.

    Use of this portable ultrasound device, which is the size of a smartphone, has already been implemented in over 10 health centers in eastern Chengdu — providing free carotid and thyroid screenings to more than 2,000 residents.

    With the continuous improvement of China’s industrial design and manufacturing capabilities and medical research levels, innovation in the development of medical devices is soaring. The growing recognition of Chinese medical devices in overseas markets is resulting in increasing international orders, encouraging more Chinese medical companies to go global.

    In the City of Future Medicine, an industrial park, workers at Chengdu Seamaty Technology Co., Ltd. are packing biochemical analysis reagents. This batch of goods is set to be shipped globally from Chengdu.

    This “Little Giant” firm, which refers to novel and elite small and medium-sized enterprises that specialize in a niche market, boast cutting-edge technologies and show great potential, focuses on the research and production of point-of-care testing (POCT) medical devices, and has already sold its medical products to more than 150 countries and regions worldwide.

    In its quality inspection center, hundreds of fully automated biochemical analyzers undergo pre-shipment quality checks.

    “This shipment of instruments will be sent to Europe. Last year, our company’s total sales reached 320 million yuan (about 44.6 million U.S. dollars), and in the first five months of this year, our international business has increased by 59 percent compared to the same period last year,” said Wang Bin, deputy general manager of the company, highlighting that the growth in overseas orders reflects an increasing acceptance of Chinese medical device manufacturing products in international markets.

    Innovative technologies such as 3D printing, organ-on-chip systems, nanorobots and brain-computer interfaces are advancing the scientific research applications of medical devices in China, presenting a future-oriented medical landscape.

    At Chengdu Tianqi Additive Intelligent Manufacturing Co., Ltd., personalized patient-matched medical solutions are being precisely created with 3D printing technology. It uses computer-aided design and manufacturing (CAD/CAM) modeling, and a layer-by-layer printing process, to turn virtual designs into physical products, making the envisioned design a tangible reality.

    In a modern manufacturing workshop, dozens of industrial printers operate in an orderly manner, with a laser engraver precisely etching patterns in titanium alloy powder to an accuracy of 0.01 millimeters.

    Within just a few hours, products such as patient-matched maxillofacial bone plates are printed. This seemingly ordinary industrial scene reflects significant advancements that China has made in the realm of precision medical manufacturing.

    Compared to the handmade bending of bone plates in the past, 3D printing offers a more precise, convenient, safe and stable way to create customized products.

    “We are currently conducting custom production for a case in Singapore. Engineers input patient data transmitted from the hospital into the system, and the AI algorithms aid designers in creating personalized data models for patient facial reconstruction, which are then integrally formed via metal 3D printers,” Gao Bangkui, marketing director of Chengdu Tianqi Additive lntelligent Manufacturing Co., Ltd said.

    Gao added that in the future, the company will prioritize serving the Middle East, Africa and Southeast Asia to meet the customized medical needs of countries and regions participating in the Belt and Road Initiative. 

    MIL OSI China News –

    June 24, 2025

  • MIL-OSI Banking: Money Market Operations as on June 23, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 6,18,964.90 5.19 1.50-6.55
         I. Call Money 16,996.13 5.27 4.75-5.35
         II. Triparty Repo 4,18,203.05 5.23 5.01-5.27
         III. Market Repo 1,81,187.07 5.09 1.50-5.40
         IV. Repo in Corporate Bond 2,578.65 5.48 5.40-6.55
    B. Term Segment      
         I. Notice Money** 95.00 5.17 5.00-5.25
         II. Term Money@@ 960.00 – 5.60-5.80
         III. Triparty Repo 1,250.00 5.30 5.27-5.32
         IV. Market Repo 0.00 – –
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Mon, 23/06/2025 1 Tue, 24/06/2025 906.00 5.75
    4. SDFΔ# Mon, 23/06/2025 1 Tue, 24/06/2025 2,51,686.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,50,780.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,032.31  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,032.31  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,43,747.69  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 23, 2025 9,41,341.97  
         (ii) Average daily cash reserve requirement for the fortnight ending June 27, 2025 9,54,173.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 23, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 30, 2025 5,84,684.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/581

    MIL OSI Global Banks –

    June 24, 2025

  • MIL-OSI USA: House Passes Congressman Valadao’s Romance Scam Prevention Act

    Source: United States House of Representatives – Congressman David G Valadao (CA-21)

    WASHINGTON – Today, the House of Representatives unanimously passed H.R. 2481, the Romance Scam Prevention Act. Congressman David Valadao (CA-22) introduced the bipartisan legislation in April alongside Reps. Brittany Pettersen (CO-07), Tom Suozzi (NY-03), and Craig Goldman (TX-12). This bill would require dating apps and services to issue fraud ban notifications to users who have interacted with a person removed from the app for fraudulent activity.

    Senators Marsha Blackburn (R-TN) and John Hickenlooper (D-CO) introduced the companion bill in the Senate, which passed out of the Senate Committee on Commerce, Science, and Transportation on March 12, 2025.

    “Millions of Americans use online dating platforms to connect with romantic partners, but unfortunately, they’ve also become a way for scammers to target and exploit unsuspecting victims,” said Congressman Valadao. “As criminals become more sophisticated, it’s important we have safeguards in place to protect users. The Romance Scam Prevention Act is a bipartisan effort to enhance online safety and combat financial fraud, and I look forward to working with my Senate colleagues to get this bill across the finish line.”

    “Online dating services are being used as a platform for bad actors to target and exploit individuals, yet protections continue to lag behind,” said Rep. Pettersen. “Notifying users if they have been in contact with a potential scammer is a basic security feature that every online dating service should provide. This bipartisan bill will help reduce online crime and keep people safe from online scammers. I’m grateful this legislation has passed the House with bipartisan support, and I will keep working to see it signed into law.”

    “These aren’t just creepy or shady tactics—they are life-ruining attacks that disproportionately target the elderly, as well as young men and women,” said Rep. Suozzi. “As a father, a former mayor and as a member of Congress, I’ll never stop fighting to protect people from exploitation—online or anywhere else.”

    Congressman Valadao spoke on the House Floor during debate on the legislation. Watch his remarks here or read as prepared below:

    Mr. Speaker,

    I rise to urge support for my bill, the Romance Scam Prevention Act. 

    Every year, millions of Americans from all ages and backgrounds use dating apps and websites to make connections. For many, online dating has made it easier to build relationships, but unfortunately there are countless stories of criminals using these sites for fraudulent activity.

    While it’s sadly common to see users lie about things like their age or occupation, romance scammers use fake profiles to develop connections and emotionally or financially exploit unsuspecting users.

    According to the Federal Trade Commission, Americans lost over $1.1 billion in 2023 alone, with senior citizens being the most at-risk age group.

    There have been countless stories of people being conned out of their entire life savings, all because they believed they had found love online.

    People who meet online often take their conversations to other communication platforms and might not know they are talking to someone who has been removed. 

    This bill requires dating platforms to issue fraud ban notifications to users who have interacted with an account who has been removed for fraudulent activity.

    As criminals are becoming more sophisticated when it comes to exploiting victims online, it’s time to put safeguards in place to protect users from financial fraud. 

    I want to thank Chairman Guthrie and his staff at the Committee on Energy & Commerce for their work on this important bill as well as my co-leads, Reps. Brittany Pettersen, Tom Suozzi, and Craig Goldman.

    Thank you, and I yield back.

    Background:

    Over 60 million Americans used an online dating service in 2023, and the Federal Trade Commission (FTC) reported that romance scams resulted in victims losing over $1.1 billion. Criminals use false names and stories to lure individuals into conversation before manipulating them to give up sensitive information. When an online dating service provider becomes aware of a user committing fraudulent activity, like illegally obtaining money, the online dating service provider immediately deactivates the fraudulent user’s account. However, individuals who meet online often take their conversations to other communication platforms, so even when a fraudulent account is removed, an individual might not know they are still communicating with someone who was banned from the platform.

    Read the full bill here.

    ###

    MIL OSI USA News –

    June 24, 2025

  • MIL-OSI: Sompo announces leadership changes for its Hong Kong Commercial P&C Insurance business

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 24, 2025 (GLOBE NEWSWIRE) — Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced leadership changes to its Commercial P&C Insurance business in Hong Kong.

    Li Sheung Kin (S.K.) will retire from his role as Chief Executive Officer (CEO) of Sompo Insurance (Hong Kong) Co., Ltd. (“Sompo Hong Kong”). Mr Li has held several leadership roles during his 24-year career with Sompo Hong Kong. He was appointed CEO in 2016 and has been instrumental in strengthening Sompo’s Hong Kong business. Mr Li will remain with Sompo Hong Kong until the end of 2025 to ensure a smooth and seamless transition.

    Alasdair Walker will succeed Mr Li as CEO of Sompo Hong Kong, subject to appropriate local regulatory and immigration approvals. In his new role, Mr Walker will be responsible for driving Sompo Hong Kong’s profitability and capabilities as a key Commercial business hub in the Asia Pacific region. He will report into Kenneth Reilly, CEO, Insurance, Asia Pacific and Deputy CEO, Commercial Insurance, Sompo Japan.

    Mr Walker joined Sompo in 2023 from another major international carrier where he held positions in London, Johannesburg and Singapore, and was Regional Head of Distribution.

    Mr Reilly said: “I want to extend my heartfelt thanks to S.K. for his years of dedication and significant contributions to Sompo. We wish him the very best in his future endeavors. I am also pleased to welcome Alasdair to the Hong Kong and Asia Pacific leadership teams. With 15 years of international insurance experience across three continents in both underwriting and distribution, Alasdair is perfectly placed to oversee and execute our strategic plans in this important region for our insurance business.”

    About Sompo

    We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 135 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.

    “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.

    To learn more please follow us on LinkedIn or visit sompo-asia.com.

    Sompo Contacts  

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/935ad383-0d31-4b1c-9bfb-6baf5c23d27d

    The MIL Network –

    June 24, 2025

  • MIL-OSI: Sompo announces leadership changes for its Hong Kong Commercial P&C Insurance business

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 24, 2025 (GLOBE NEWSWIRE) — Sompo, a leading global provider of commercial and consumer property and casualty (re)insurance, today announced leadership changes to its Commercial P&C Insurance business in Hong Kong.

    Li Sheung Kin (S.K.) will retire from his role as Chief Executive Officer (CEO) of Sompo Insurance (Hong Kong) Co., Ltd. (“Sompo Hong Kong”). Mr Li has held several leadership roles during his 24-year career with Sompo Hong Kong. He was appointed CEO in 2016 and has been instrumental in strengthening Sompo’s Hong Kong business. Mr Li will remain with Sompo Hong Kong until the end of 2025 to ensure a smooth and seamless transition.

    Alasdair Walker will succeed Mr Li as CEO of Sompo Hong Kong, subject to appropriate local regulatory and immigration approvals. In his new role, Mr Walker will be responsible for driving Sompo Hong Kong’s profitability and capabilities as a key Commercial business hub in the Asia Pacific region. He will report into Kenneth Reilly, CEO, Insurance, Asia Pacific and Deputy CEO, Commercial Insurance, Sompo Japan.

    Mr Walker joined Sompo in 2023 from another major international carrier where he held positions in London, Johannesburg and Singapore, and was Regional Head of Distribution.

    Mr Reilly said: “I want to extend my heartfelt thanks to S.K. for his years of dedication and significant contributions to Sompo. We wish him the very best in his future endeavors. I am also pleased to welcome Alasdair to the Hong Kong and Asia Pacific leadership teams. With 15 years of international insurance experience across three continents in both underwriting and distribution, Alasdair is perfectly placed to oversee and execute our strategic plans in this important region for our insurance business.”

    About Sompo

    We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 135 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.

    “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.

    To learn more please follow us on LinkedIn or visit sompo-asia.com.

    Sompo Contacts  

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/935ad383-0d31-4b1c-9bfb-6baf5c23d27d

    The MIL Network –

    June 24, 2025

  • MIL-OSI Video: Next Steps for Climate Resilience

    Source: World Economic Forum (video statements)

    Next Steps for Climate Resilience

    Businesses investing in climate resilience and adaptation could see tangible returns – $2-$19 in value for every dollar spent – while taking the necessary steps to avoid annual profitability declines from climate impacts of up to 7% by 2035.

    How can new strategies, from partnerships to technology and innovation, be leveraged to strengthen these efforts?

    https://www.youtube.com/watch?v=O6plkT8WlTU

    MIL OSI Video –

    June 24, 2025

  • MIL-OSI Russia: The National Bank of Belarus raises the refinancing rate to 9.75 percent per annum

    Translation. Region: Russian Federal

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

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

    MINSK, June 24 /Xinhua/ — The National Bank of Belarus will raise the refinancing rate from 9.5 percent to 9.75 percent from June 25. This decision was made at a meeting of the board of the National Bank of the country dedicated to the development of the situation in the economy and monetary sphere. The relevant information was published by the press service of the Belarusian National Bank on Monday.

    As noted by the National Bank of Belarus, despite the continued positive dynamics of economic growth, the macroeconomic imbalance caused by the widening gap between the growth rates of labor productivity and wages is increasing. As a result of the increase in wages, consumption increases, leading to a significant increase in consumer imports. Income growth increases the creditworthiness of citizens, which, in turn, leads to increased demand for imported durable goods. The increase in consumer imports for the four months of 2025 amounted to 14.5 percent, which also indicates the risks of increased pressure on the current account balance of the balance of payments.

    At the same time, there is a stable liquidity surplus in the banking system and an annual growth of the money supply at a level above 15 percent. Given the emerging high inflation trajectory, the Board of the National Bank of Belarus considers it necessary to make decisions aimed at increasing the attractiveness of savings in the economy and, as a consequence, the growth of the resource base for investment activity.

    “In order to mitigate the above risks and stimulate investment activity, a decision was made to increase the refinancing rate by 25 basis points to 9.75 percent per annum from June 25, 2025, and the rates on permanently available liquidity support operations /overnight credit, overnight SWAP/ and bilateral liquidity support operations /lombard loans at a fixed rate and SWAP transactions/ by 25 basis points to 11.25 percent per annum,” said Roman Golovchenko, Chairman of the Board of the National Bank of Belarus. –0–

    MIL OSI Russia News –

    June 24, 2025

  • MIL-OSI USA: Case Opposes Proposed Funding Bill That Cuts Food Assistance To Hawaii Residents

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01), a member of the House Appropriations Committee, tonight voted against the proposed Fiscal Year (FY) 2026 Agriculture, Rural Development, Food and Drug Administration (FDA) and Related Agencies funding measure.  

    The measure would provide $25.5 billion, a $1 billion decrease from the current year, for U.S. Department of Agriculture (USDA) agriculture and rural development programs, the Farm Credit Administration, Commodity Futures Trading Commission and the FDA.

    It is the third of twelve separate bills developed and approved by the Appropriations Committee that would fund the federal government at some $1.6 trillion for FY 2026 commencing October 1st of this year. 

    “While the measure funds many critical Hawai‘i priorities, I regrettably had to vote against it because it would cut food assistance for vulnerable families and make it even harder for Hawai‘i farmers to make ends meet,” said Case, who is in his seventh year on Appropriations and previously served on the House Committee on Agriculture.  

    “At a time when families around the country and our state are struggling with the high cost of living and rising food costs, and when Hawai‘i agriculture is struggling with high production costs and the consequences of the administration’s rash and chaotic tariff war, we should be maintaining our time-tested federal programs, not reducing or even eliminating them.” 

    The bill:  

    ·        Cuts $100 from the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) and fails to support the cash benefit for fruits and vegetables that ensures women, infants and children get the nutrients they need.  

    ·        Reduces staffing for the Farm Service Agency (FSA), which operates offices across the country that assist farmers in getting needed federal assistance. The bill provides $110 million less for FSA staffing than what was provided in FY 2025.  

    ·        Cuts funding for the Natural Resources Conservation Service Conservation Operations by 5 percent below FY 2025 funding levels.

    ·        Cuts rural housing and water and waste-water grants.

    In addition, the bill eliminates key programs for Hawai‘i, like the Reimbursement Transportation Cost Payment Program for Geographically Disadvantaged Farmers and Ranchers. This program helps our local farmers with the cost of getting their produce to the mainland markets. Additionally, the Micro-Grants for Food Security Program, which increases the quantity and quality of locally grown food through small-scale gardening, herding and livestock and apiary operations, was eliminated.  

    Case especially objected to large cuts in critical foreign food assistance programs, including $900 million for Food for Peace, almost 50% down to its lowest level since 2002, and $220 million for the McGovern-Dole International Food for Education and Child Nutrition program, $20 million below the FY 2025 level. 

    “Cutting our international food assistance programs is contrary to our values and harms our national security. Global food insecurity leads to political instability, making countries more vulnerable to conflict and extremism, and helping other countries and peoples with their food needs knits together alliances and partnerships which are critical to our national defense,” said Case, a member of the Defense Appropriations Subcommittee.  

    Despite these and other significant problems with the bill, Case highlighted positive provisions he requested including important victories for Hawai‘i, including $216 million for the Specialty Crop Pests Program, which helps to protect our topical crops from invasive species. In addition, $15 million was included for Minor Crop Pest Management, which provides expert assistance for effective minor/specialty crop protection. The bill also provides research and education funds for Alaska Native and Native Hawaiian-Serving institutions, in addition to funding for our land-grant universities like the University of Hawai‘i.  

    “Invasive species pose a significant ecological and economic threat to our Hawai‘i, with specially damaging impacts on local agriculture,” said Case.  

    “This agriculture funding bill provides support for our local farmers, farmers markets and food promotion programs, which combined will help our Hawai‘i deal with the soaring cost of food, much of which is imported to our islands,” said Case.  

      Provisions in the bill of interest to Hawai‘i that Case worked to secure include:  

    ·        $5 million for Education Grants for Alaska Native and Native Hawaiian-Serving Institutions. This program addresses the educational needs of food and agricultural sciences-related disciplines and prepares low-income students for careers related to food, agricultural and natural resources.  

    ·        $123 million for the USDA Wildlife Damage Management Program, which helps to prevent the spread of the Brown Tree Snake to Hawai‘i.  

    ·        $3 million for Agricultural Canine Detection and Surveillance of invasive species and diseases, an increase of $500,000.  

    ·        $1.1 billion for the Animal and Plant Health Inspection Service, including $216 million for combating specialty crop pests.  

    ·        $36 million for Agriculture Quarantine Inspections to prevent infestations of pests and diseases.  

    ·        $15 million for the Minor Crop Pest Management Program to provide expert assistance to minor and specialty crop producers.  

    ·        $8 million for the Grassroots Source Water Protection Program that is designed to prevent water source pollution.  

    ·        $5 million for Aquaculture Centers and $2 million for aquaculture research programs.  

    ·        $1 million for Tropical and Subtropical Agricultural Research Grants for Insular Areas.  

       The measure also:  

    ·        Directs the Agricultural Research Service to continue research on tropical and subtropical crops, emphasizing the need to combat invasive pests.

    ·        Directs the Animal and Plant Health Inspection Service to report on existing protocols protecting Hawai‘i from invasive species and evaluate options for enhancing this protocol.  

      A summary of the agriculture funding bill is available here.  

      ###

     

     

    MIL OSI USA News –

    June 24, 2025

  • MIL-OSI Australia: National Early Years Policy Summit

    Source: Murray Darling Basin Authority

    I acknowledge the traditional owners of the land we meet on today – the Jagera and Turrbal peoples – and pay my respects to their elders past and present.

    I extend that respect to all Aboriginal and Torres Strait Islander people here today.

    Ministers don’t get to choose their portfolio, but if I did, it would have been Early Childhood Education and Care.

    I’m proud to have been an early years advocate for many years, in my time representing educators with the Big Steps campaign – to respect and value this overwhelmingly female workforce.

    A workforce that was expected to love their work, but live with their low wages, for way too long.

    So it was already an honour to be a member of the Albanese Government team, and to be there in the chamber, with educators in the gallery, when Treasurer Jim Chalmers announced we would fund educators’ historic 15 percent payrise last May.

    And it’s a huge honour to continue our work, now as Minister, and to have the job of helping to deliver the Prime Minister’s ambition of universal early education for every child, no matter their postcode or what their parents do.

    “Together for our children”

    Today marks only five weeks in the job – so I feel like a combination of veteran and new starter.

    It is wonderful to have the opportunity to be in a room with so many experts and advocates who have been at the forefront of advancing early childhood development, with such impact. Big congrats to the Investment Dialogue for Australia’s Children for bringing together an amazing room of leaders.

    And I‘m really pleased that you’ll hear tomorrow from my friend and colleague Tanya Plibersek.

    The theme of the summit – Together for our children – couldn’t be more appropriate or timely.

    And I really look forward to working together with you to extend the benefits of quality early education to more children, in more families, in the locations that need it most.

    Value of ECEC – the opportunity

    I don’t need to tell people in this room the benefits of giving children the best start in life.

    And I don’t need to tell you about the evidence.

    We have known the benefits of high quality early learning for decades.

    In particular, the importance of play-based learning to support language development, problem-solving, and emotional regulation.

    To foster curiosity and confidence.

    To ready children for school and for life.

    And if high quality early learning is good for all children, we know it is even better for children from disadvantaged backgrounds.

    So if we care about all children having the best start, we have to care about quality education and care.

    I know that for many people in this room, this week’s release of the 2024 Australian Early Development Census only serves to underscore the importance of continued government investment in quality early learning.

    There is more to do.

    And when there’s work to be done, it’s always important to consider where we’ve come from, to chart the best path forward.

    Ambition and past progress

    This country has a proud history of great reforms in early education.

    Reforms like those of the Rudd-Gillard Government to:
    •    Deliver our world-leading National Quality Framework
    •    Mandate educator to child ratios
    •    Establish minimum qualifications for educators
    •    Increase access to early learning for indigenous children
    •    And launch the first national curriculum

    And as a result of these reforms, the trajectory of quality in early education has consistently been one of improvement, to this day.

    These historic reforms happened because of a combination of values and leadership, and unity of purpose.

    Values that every child deserves the opportunity to grow and learn and be ready for the future, no matter where they live or what their parents do.

    Leadership like that shown by Julia Gillard, Jenny Macklin and Kate Ellis who knew the evidence that early education is a gamechanger, and acted on it.

    Leadership reflected in the advocacy of so many in this room, to achieve so much reform in those critical years.  

    And unity of purpose, as the sector came together to engage with government to advance their commitment to professionalisation and quality.

    Towards universal ECEC

    Those same values and leadership have underpinned the work of my colleague and Cabinet Minister Jason Clare and my predecessor Anne Aly who have continued the significant journey of the previous Labor government.

    Their focus has been to build out four pillars of universal early education.

    And critically, again, the sector has united to embrace reform and make it happen.

    In particular, to build the first pillar of reform – a stable and respected workforce.

    We know that our 15% payrise is already paying big dividends.

    I’ve heard the difference its made again and again as I’ve visited centres. It helps with the bills. It helps educators to save more and stress less.

    And by valuing our dedicated educators in their pay packets, we are seeing significant reductions in staff turnover, as educators see a future in the jobs they love.

    And that future means more children are enjoying the ongoing relationships and connections with educators that they need to thrive.

    It means more quality early education delivered to families.

    Second, we are building more affordable early education and care through:
    •    Our changes to the Child Care Subsidy. Today a family on $120,000 per year is more than $4,600 better off – having cut their out of pocket costs by more than a third.

    •    And through our 3 Day Guarantee replacing the Activity Test – a test which excludes children from early learning based on what their parents do, not what’s best for them.

    •    The 3 Day Guarantee will be in effect from January, with an entitlement for every child of 72 hours per fortnight subsidised early learning.   And for First Nations children that is a full 100 hours per fortnight.

    The third pillar is building supply in areas that need it the most, with our billion dollar Building Early Education Fund to deliver early learning in underserved areas in outer suburbs and regions.

    A big commitment from the Commonwealth to extend early education into those child care deserts that leave so many children behind.

    And the final pillar is quality and safety.

    There is no quality without a stable workforce that can stay in jobs they love.

    And there is no quality without putting safety first.

    In recent months we have all seen images which are hard to watch.

    It can both be true that the actions we have seen are utterly unacceptable and must be stopped, and that the vast majority of children are safe and well cared for by outstanding professionals.

    Professionals who tell me they feel betrayed by what they are seeing and reading.

    Yesterday we announced tougher child safety rules that have  been agreed by all governments, including 24 hour mandatory reporting, and restrictions on the use of personal mobile devices in centres.

    And, the Commonwealth is exploring using our powers to crack down on dodgy operators that put profit before children’s safety by restricting their access to Commonwealth funding – cutting off the Child Care Subsidy for existing repeat offenders, and preventing further expansion.

    Ensuring that children are safe, and that their families are confident of this, underpins everything we are doing now, and all of the reform that we want to lead.

    Bringing the system “together for our children” to create change

    To conclude, right now, we are building the pillars of universal early education – workforce, affordability, accessibility, and quality.

    As we build towards universal early learning and care, we have:
    •    A mountain of evidence of the benefits; 
    •    Shared values and leadership, in this room and beyond 
    •    A sector uniting for reform
    •    And – critically – a Prime Minister who sees and understands the benefits of universal early education, and is ready to build on our proud Labor legacy in the early years.

    Everyone in this room has a stake in helping to build that future, and nobody can do it alone.

    And I know you have many ideas and much expertise to make change happen.

    Change that gives children the best start, no matter their postcode or what their parents do.

    I look forward to working with all of you to deliver that future. 
     

    MIL OSI News –

    June 24, 2025

  • MIL-OSI China: China to promote high-quality development of gold industry

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

    China will promote the high-end, intelligent, green and safe development of its fast-growing gold industry, according to the Ministry of Industry and Information Technology (MIIT) on Monday.

    Recently, the ministry and eight other government departments, including the National Development and Reform Commission, the Ministry of Commerce and the Ministry of Natural Resources, issued an action plan for the high-quality development of the gold industry from 2025 to 2027.

    The introduction of the action plan aims to balance industrial growth with enhanced security while capitalizing on China’s existing strengths in gold smelting, processing capacity and operational management, according to the MIIT.

    China’s capacity to ensure gold resources and the innovation level of its industrial chain will be improved significantly by 2027, per the plan. The country’s gold resources will increase by 5 percent to 10 percent during the period, and its output of gold and silver will grow by more than 5 percent.

    By 2027, breakthroughs will be achieved in multiple areas of key technology and equipment. Additionally, industrial upgrades will ensure that mines with a daily gold-processing capacity exceeding 500 tonnes account for over 70 percent of the national total.

    China will promote green, efficient resource utilization through such actions as establishing green mines and factories, and it will accelerate digital transformation through the adoption of artificial intelligence and other technologies, according to the plan.

    As the global leader in both gold production and consumption, China reported a gold output of 377.24 tonnes and a gold consumption of 985.31 tonnes in 2024, data from the China Gold Association shows. 

    MIL OSI China News –

    June 24, 2025

  • MIL-OSI China: European stock markets outperform US amid shift in investor focus

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

    European stock markets were bullish in the first half of the year as investors in the United States increasingly turned to European capital markets in an effort to diversify, German media reported on Monday.

    According to the German news agency DPA, European stock markets have outpaced their U.S. counterparts in terms of growth, an unseen development in years.

    Despite the sluggish economy, the German stock markets have grown strongly and the benchmark DAX index has soared by 16 percent since the beginning of this year. Stock exchanges in Spain and Italy also recorded double-digit growth, in contrast to the moderate growth of less than two percent in the U.S. markets.

    Analysts from Munich Alliance and Deutsche Bank, cited by DPA, pointed to indications of capital shifting from the United States to Europe. They attributed this trend to investor concerns over the uncertainty sparked by erratic U.S. trade policies and the depreciation of the U.S. dollar.

    European Central Bank President Christine Lagarde also noted the trend during the monetary policy press conference earlier this month, highlighting growing investor confidence in Europe.

    “We perceive a serious momentum to improve, to change, to simplify, to streamline, and to encourage and … welcome capital into Europe,” Lagarde said. 

    MIL OSI China News –

    June 24, 2025

  • MIL-OSI China: Britain unveils 10-year industrial strategy to cut energy costs, support key sectors

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

    The British government on Monday unveiled a comprehensive 10-year Industrial Strategy designed to tackle long-standing structural challenges facing British industry, including high energy costs and lengthy delays in electricity grid connections.

    The plan also outlines targeted support for eight high-growth sectors, including advanced manufacturing, clean energy, and digital technology.

    A major component of the strategy is the British Industrial Competitiveness Scheme, which aims to reduce electricity bills by up to 25 percent for more than 7,000 energy-intensive businesses – including those in the steel and chemicals sectors – starting in 2027. These savings will come from removing several existing charges on electricity bills that currently fund renewable energy generation and backup supply systems.

    Complementing this initiative, the British Industry Supercharger program will expand support for approximately 500 companies in sectors such as ceramics, glass, and aluminum. These firms currently receive a 60 percent discount on electricity network charges, which will increase to 90 percent from 2026, a move expected to lower operating costs and enhance global competitiveness.

    To address persistent delays in connecting to the electricity grid, the government plans to launch a Connections Accelerator Service by the end of 2025. The service will work in coordination with energy providers, devolved governments, and local authorities to expedite grid access for major investment projects.

    British Prime Minister Keir Starmer hailed the strategy as “a turning point for Britain’s economy and a clear break from the short-termism and sticking plasters of the past.”

    Chancellor of the Exchequer Rachel Reeves emphasized the plan’s investment-friendly approach, noting that it would ease business energy costs, unlock funding for advanced technologies, and support job creation. “It will boost our economy and create jobs that put more money in people’s pockets,” she said.

    The government stressed that the reforms would not lead to higher taxes or household energy bills. Instead, they will be financed through adjustments to the national energy system and increased revenues from carbon pricing.

    Beyond energy reforms, the strategy includes sector-specific support for eight high-potential industries: advanced manufacturing, clean energy, creative industries, defense, digital and technologies, financial services, life sciences, and professional and business services. Each sector will receive tailored policy frameworks and funding packages over the next decade.

    While industry representatives have broadly welcomed the announcement, some experts and business leaders have voiced reservations. Critics argue that although the electricity price reforms may enhance competitiveness, they are unlikely to fully close the gap with lower industrial power costs in countries like France and Germany. Britain’s electricity prices remain closely linked to wholesale gas markets, which still account for a larger share of Britain’s energy mix than in many European countries.

    Others questioned the government’s ability to follow through on its long-term commitments, citing past inconsistencies in industrial policy. Several industry voices also called for faster implementation amid intensifying global competition for green investment.

    The government said detailed action plans for each sector will be published in phases over the coming months. 

    MIL OSI China News –

    June 24, 2025

  • MIL-OSI China: World embraces ‘cool’ Chinese creativity with zeal

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

    Right beside the Louvre in Paris, a limited-edition Mona Lisa-inspired collectible toy known as Labubu was fueling a buying frenzy at a store of Chinese toy giant Pop Mart.

    Also, in Times Square, New York, the fiery-wheeled Ne Zha appeared on a giant screen earlier this year, kicking off a wave of overseas screenings of this Chinese animated hit.

    Additionally, at the ongoing Expo 2025 in Osaka, China-chic interactive experiences such as a Wukong with artificial intelligence (AI) at the China Pavilion have attracted hundreds of thousands of visitors within just a month of its opening.

    Notably, an increasing number of creative and diverse Chinese cultural products have become global sensations in recent times. Empowered by this trend, China’s cultural presence abroad is undergoing a paradigm shift while unveiling a youthful image, with many overseas audiences expressing admiration for how “cool” the country is becoming.

    LABUBU’S GLOBAL REACH

    At the Pop Mart store in K11 Art Mall in Hong Kong Special Administrative Region in south China, long queues form regularly. Thai tourist Bonn patiently followed the crowd and finally secured her shopping fix after nearly 30 minutes of waiting. During her trip to Hong Kong, she had spent around 3,000 Hong Kong dollars (about 382 U.S. dollars) on merchandise.

    “Wherever I go, I always visit the local Pop Mart to stock up,” Bonn said. She especially adores the cute Labubu character and has collected hundreds of differently costumed figurines since getting hooked last year.

    “I dress the figurines up and even take them traveling with me,” she added.

    Recently, this sharp-toothed, rabbit-eared forest sprite has gained global popularity. Stores frequently sell out, while prices surge in secondary markets. According to Pop Mart, thanks to original IPs like Labubu, the company’s overseas revenue in the first quarter of 2025 had surged by 475 to 480 percent year on year.

    Created by a Hong Kong artist and blending Nordic mythology with Chinese design, Labubu has struck a global emotional chord. Thai authorities labeled it an “Amazing Thailand Experience Explorer,” its theme song was sung on the streets of Barcelona, and it was even “invited” to attend Milan Fashion Week.

    “Great intellectual properties (IPs) have the power to transcend cultures,” said Chen Xiaoyun, vice president of Pop Mart International Group Limited, adding that the company is committed to creating IPs with diverse aesthetics and gathering global creativity.

    “The export of such new mass culture shows the world what a ‘Cool China’ looks like, while offering universal appeal that resonates through cultural creativity,” wrote Zhang Yiwu, a professor at Peking University.

    TECH-DRIVEN CULTURAL INNOVATION

    The video game “Black Myth: Wukong” is another recent cultural phenomenon from China that is yielding international acclaim. Not long after the game was released, a reaction clip posted by British gaming streamer “itsjavachip” went viral, as she was moved to tears by the emotional storyline of Bajie in the game, earning her a fanbase of Chinese followers.

    Last month, “itsjavachip” was invited to China to visit the production set of another original martial arts-themed Chinese game. At the studio, she learned martial arts moves, donned a black outfit and experienced wire-assisted motion capture firsthand.

    Calling it an “absolutely amazing” experience, she said that playing a character in the game would be a dream come true.

    Employing cutting-edge simulation technologies, “Black Myth: Wukong” immerses players in scenes such as ancient buildings in Shanxi and the picturesque landscapes of the Jiangnan region. As of the end of last year, the game had sold 28 million copies worldwide, generating over 9 billion yuan (about 1.24 billion U.S. dollars) in revenue within five months of its release.

    In 2024, domestically developed Chinese games generated actual overseas sales revenue of more than 18.55 billion U.S. dollars, marking a year-on-year increase of 13.39 percent. The success of Chinese games abroad highlights the dual driving forces of traditional culture and intelligent digital technology.

    In the realm of traditional culture, digitization is also breaking geographical barriers and becoming a “digital window” helping global audiences to better understand China.

    As of May this year, the Palace Museum had digitized about 52 percent of its collection; the flying apsaras of Dunhuang “dance gracefully” on the screen through digital technology; the Zenghouyi chime bells are “struck” in a digital world…

    “I can directly scan artifacts and learn relevant information through it,” said Italian blogger Massimo, who couldn’t help but exclaim while holding the AR guide at Henan Museum.

    Such “coolness” can help China’s content industry attract a wider global audience, said Kevin Kelly, founding executive editor of Wired magazine.

    FROM CONNECTION TO CO-CREATION

    Through China’s cultural exports, global audiences are not only able to connect and empathize with their content, but are also co-creating something even bigger.

    British web fiction writer JKSManga was initially a devoted reader of Eastern fantasy web novels such as “Soul Land.” A few years ago, he registered on WebNovel, an online literature platform under China Literature Limited, and started writing his own works. His breakout series “My Vampire System” has garnered over 73 million reads and has been adapted into multiple formats.

    For JKSManga, being urged by readers to update his stories is a source of great joy. He describes the writing process as a form of social interaction, a sharing based on shared values.

    As of November last year, WebNovel had around 6,000 translated Chinese web novels and was home to nearly 450,000 overseas authors and 680,000 original works by overseas authors.

    Hou Xiaonan, CEO and president of China Literature Limited, said that online literature has become a global cultural phenomenon, not only because of the global spread of Chinese IP, but also thanks to the globalization of the Chinese IP model itself.

    Meanwhile, Ye Xiu, protagonist of the popular Chinese web novel “The King’s Avatar,” was recently “invited” by Swiss authorities to serve as a “travel ambassador,” offering fans an innovative immersive experience.

    Wei Pengju, senior researcher at the Central University of Finance and Economics in Beijing, said China’s cultural trade has evolved into a hybrid export model of “digital content + IP operations + technological services,” and that Chinese cultural exports have entered a new phase highlighting content, empowered by technology, and featuring co-creation.

    Via such cultural interactions, with wider opening up, broader innovation and deeper cooperation, China stands ready to share with the rest of the world an ever-cooler China. 

    MIL OSI China News –

    June 24, 2025

  • MIL-OSI: Cielo Provides Update on Settlement Agreement, Shareholder Meeting and Webinar, and Units for Debt Transactions

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) today provides an update on the Settlement Agreement, Securities for Debt Transactions, and Shareholder Meeting (each as defined below).

    Settlement Agreement

    Cielo had previously announced the execution of a settlement agreement (the “Settlement Agreement”) with Expander Energy Inc. (“Expander”) and certain directors, shareholders and related parties of Expander (collectively and together with Expander, the “Settlement Parties”). The Settlement Agreement provides for the effective unwinding, to the extent possible, of certain previously disclosed transactions (the “Transactions”) completed between Cielo and the applicable Settlement Parties, including Expander, pursuant to and in connection with an amended and restated asset purchase agreement dated November 8, 2023, as amended on September 16, 2024 (the “APA”). The unwinding was expected to take effect on June 13, 2025 (the “Closing Date”), subject to completion of certain closing conditions, including the payment of an aggregate amount of C$748,208.79 (the “Payment”) to the applicable Settlement Parties, including Expander, in full and final satisfaction of all and any outstanding fees owing by the Company. Cielo was unable to make the Payment in accordance with the Settlement Agreement. Cielo has received a notice of breach of the Settlement Agreement from Expander as a result however Cielo continues to make efforts to make the Payment and is in discussions with Expander and the Settlement Parties with respect to the extension of the Closing Date on mutually agreeable terms.

    Shareholder Meeting and Webinar

    As previously disclosed, Cielo’s shareholder meeting (the “Shareholder Meeting”) will be held on Tuesday, June 24, 2025. As the Company has received no advance notice of any other nominations in accordance with Cielo’s Advance Notice Policy, only the incumbent directors of the Company, being Mr. Ryan Jackson, Ms. Sheila Leggett, Mr. Peter MacKay and Mr. Larry Schafran, will be considered, and are anticipated to be elected, at the Shareholder Meeting.  

    Details on the Shareholder Meeting are contained in a Notice of Meeting and Management Information Circular (the “Meeting Materials”) that was mailed to shareholders of Cielo as of the record date filed on SEDAR+, and are also available on the Company’s profile on www.sedarplus.ca.

    The Shareholder Meeting will be held in person at 11am Mountain Time/1 pm Eastern Time. The formal portion of the Shareholder Meeting will be followed by a presentation and question answer period in person and by webcast (the “Webinar”). Shareholders who attend the Webinar will be able to hear the formal portion of the Shareholder Meeting but will not be able to vote at or otherwise participate. Once the formal portion of the Shareholder Meeting has concluded, those who attend the Webinar may view the presentation and participate in the question-and-answer period. Those who wish to attend the Webinar may register in advance of the Shareholder Meeting using the following link: Cielo AGM Webinar

    Securities for Debt Transactions

    In a news release issued on May 16, 2025 (the “May 16 PR”), Cielo announced the anticipated settlement of an aggregate $1,797,195 (the “Original Aggregate Debt Amount”) through the issuance of securities of the Company (the “Securities for Debt Transactions”), subject to the approval of the TSX Venture Exchange (the “Exchange”). The Company would like to make a correction to the May 16 PR, which stated that the Company anticipated the issuance of 35,943,847 Repayment Units (as defined below), whereas the correct number of Repayment Units anticipated to be issued at the time of the May 16 PR was 33,433,120 Repayment Units.

    The Company has also agreed to increase the Original Debt Amount to $1,967,766 (the “Aggregate Debt Amount”). As a result of the increase, the Company intends to issue:

    • 33,523,132 units of the Company (each, a “Repayment Unit”, collectively the “Repayment Units”) in aggregate to the Creditors at a price of $0.05 per Unit, to settle $1,676,167 of the Aggregate Debt Amount (the “Units for Debt Transactions”), the terms of which were described in the May 16 PR; and
    • 5,832,180 common shares of the Company (the “Repayment Shares”, together with the Repayment Units, collectively the “Repayment Securities”) at a price of $0.05 per Repayment Share (the “Shares for Debt Transactions”) to two (2) Insiders of the Company (as that term is defined in the policies of the Exchange) to settle $291,609 of the Aggregate Debt Amount owing to the Insiders. No warrants will be issued to the Insiders.

    The Shares for Debt Transactions with the Insiders are considered to be “related party transactions” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction (“MI 61-101”). The Company will rely upon the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in section 5.5 (a) and 5.7(1) (a), as the fair market value of the Shares for Debt Transactions does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

    The Units for Debt Transactions and the Shares for Debt Transactions are subject to the approval of the Exchange. Upon approval and issuance, the Repayment Securities will be subject to a hold period of 4 months.

    This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    ABOUT CIELO

    Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value renewable fuels. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society ‘change the fuel, not the vehicle’, which the Company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

    For further information please contact:

    Cielo Investor Relations

    Ryan C. Jackson, CEO
    Phone: (403) 348-2972
    Email: investors@cielows.com

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. The Company is making forward-looking statements, including but not limited to, with respect to: the Settlement Agreement, including any extension to the Closing Date and related terms; the Shareholder Meeting, including the date thereof, the re-election of incumbent directors, and the Webinar; and the Securities for Debt Transactions, including the amounts and other terms of the Units for Debt Transactions and Shares for Debt Transactions, including but not limited to the number of Repayment Shares and Repayment Units to be issued, the price, and the MI 61-101 exemptions to be relied upon.

    Investors should continue to review and consider information disseminated through news releases and filed by Cielo on SEDAR+. Although the Company has attempted to identify crucial factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Cielo’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    The MIL Network –

    June 24, 2025
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