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Category: Business

  • MIL-OSI Europe: Finland to receive €235 million in EIB financing for hospital and school upgrades

    Source: European Investment Bank

    • EIB provides €235 million in loans to improve hospitals and schools in Finland´s Uusimaa region.
    • Hospitals in Helsinki, Espoo and Vantaa, as well as schools in Vantaa among beneficiaries. 
    • Part of the EIB’s ongoing support for Finland’s public services, with over €3.8 billion invested in healthcare and education in recent years.

    The European Investment Bank (EIB) is signing two major financing agreements, totalling €235 million, to support critical public infrastructure in southern Finland. The funding will significantly enhance healthcare services across southern Finland and education services in Vantaa.

    The first agreement, worth €135 million, will support the modernisation of hospital infrastructure across the region. This includes improving access to specialised care, strengthening medical education, and enhancing the energy efficiency of hospital buildings. The financing is part of a broader €300 million loan package with the Helsinki University Hospital (HUS)—the joint authority for specialized healthcare in Helsinki and Uusimaa. Major upgrades are planned at hospitals in Meilahti in Helsinki, Jorvi in Espoo and Peijas in Vantaa.

    In parallel, the EIB is also lending €100 million to support the development of modern, energy-efficient educational facilities in Vantaa, a rapidly growing city just north of Helsinki. This tranche is part of a larger €350 million loan package. The initiative will benefit over 11,000 students and deliver more than 160,000 square metres of new and refurbished educational space across more than 30 facilities, including schools, day centers, and sports venues.

    “These projects will directly improve daily life for tens of thousands of people across southern Finland,” said EIB Vice-President Thomas Östros. “We are proud to support Finland in building modern, sustainable infrastructure that delivers better services and meets the highest environmental standards. Investing in healthcare and education is investing in people’s futures.”

    Both loans reflect the EIB’s goals of fostering sustainable urban development, promoting social inclusion, and advancing climate action through energy-efficient infrastructure.

    The major part of hospital upgrades in the Uusimaa region are due to be completed by the end of 2026.

    “The EIB is an important and reliable financier of investments for HUS,” said HUS Chief Financial Officer Jari Finnilä. “The EIB and HUS have a long-time cooperation in financing investments of specialized healthcare.”

    The works on the school buildings in Vantaa are scheduled to be completed within the next five years. “The long-term funding we receive from the EIB is vital to our efforts in renovating and constructing educational facilities,” said Vantaa Mayor Pekka Timonen.

    In Finland, the EIB has provided financing of more than €2.1 billion in healthcare and €1.7 billion in education over the past decade. Recent projects include the Laakso hospital construction and modern school facilities in Tuusula, Helsinki and Turku.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –

    June 13, 2025
  • MIL-OSI: US Lab Partners and SciSure Launch Strategic Partnership to Transform EHS Services and Lab Operations

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Mass., June 13, 2025 (GLOBE NEWSWIRE) — SciSure, the Scientific Management Platform (SMP) designed to unify scientific research, safety, operations, and compliance, today announced a strategic partnership with US Lab Partners, a leader in lab and facility operations and EHS (Environmental Health & Safety) consulting.

    Together, the organizations are launching a transformative “Virtual Incubator Model” that gives emerging and scaling life science organizations affordable access to world-class digital lab infrastructure and operational support.

    Unlocking Modern Lab Management for Scientific Entrepreneurs

    Emerging life science organizations have long faced a costly challenge: accessing high-quality EHS, lab operations, and compliance infrastructure before they have the resources or scale to support large software investments. The new SciSure and US Lab Partners collaboration eliminates this barrier. By combining SciSure’s comprehensive, scalable software suite with US Lab Partners’ expert consulting and implementation services, these organizations can now operate efficient, safe, and compliant labs from day one.

    “Our customers have often told us they needed digital infrastructure long before they had the budget or internal resources to manage it,” said Philip Meer, CEO of SciSure. “This partnership ensures they no longer have to choose between premium software or on-the-ground expert services – they get both, seamlessly integrated.”

    Better Together: A Complete Solution for Emerging Labs

    US Lab Partners provides deep, hands-on expertise in lab setup, operations, and EHS compliance. They become an extension of the customer’s internal team, guiding labs through complex requirements and day-to-day operations. SciSure complements this with an industry-leading platform encompassing Electronic Lab Notebooks (ELN), Laboratory Information Management Systems (LIMS), inventory tracking and EHS workflows, all in one secure and scalable environment.

    “Too often, emerging scientific companies are forced to rely on underpowered tools, systems that create data silos and are little more than glorified spreadsheets,” said Jon Zibell, Vice President of Global Alliances and Marketing at SciSure. “This partnership is designed to change that. We are delivering a seamless digital experience from day one, without sacrificing safety, compliance, or data integrity.”

    “Digitizing lab operations is no longer optional – it’s critical for continuity, safety, and scientific integrity,” said Demet Aybar, CEO and Founder of US Lab Partners. “Together with SciSure, we’re delivering world-class software and hands-on expertise that have traditionally been reserved for Big Pharma, now accessible to startups and academic innovators.”

    Impacting the Future of Scientific Innovation

    This partnership marks a pivotal shift in how scientific organizations can launch and operate. By eliminating the traditional burden of high costs, fragmented systems, and lack of technical resources, the Virtual Incubator Model accelerates innovation while reducing overhead and risk.

    Customers now gain access to a fully digital and seamlessly integrated record-keeping system from day one, end-to-end EHS and inventory management software and services, a robust LMS with training content library, tusted partners who bring both software and service to manage lab setup, safety, and compliance, as well as ELN, LIMS, SOP’s, and Sample Management built-in.

    “This model reflects our shared mission: to help brilliant science thrive without operational bottlenecks,” Aybar added. “We’re here to make world-class lab infrastructure available without compromise.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c90d15db-77a2-4060-ae1b-ef857a726874

    The MIL Network –

    June 13, 2025
  • MIL-OSI: Elite Capital & Co. Limited Moves to 1 Cornhill After 12 Years at 33 St. James Square Amid Financial Sector Expansion

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 13, 2025 (GLOBE NEWSWIRE) — Mr. George Matharu, President and CEO of Elite Capital & Co. Limited, announced today that Elite Capital & Co. has relocated its headquarters from 33 St. James Square to the iconic 1 Cornhill, a landmark building in London’s financial district.

    “This move marks a pivotal moment in our growth. The expansion of our operations in the financial sector, coupled with the integration of NextGen Industrial Development Fund’s team into Elite Capital & Co. Limited, demanded exceptional scalability. 1 Cornhill provides the ideal environment to accommodate our ambitious vision and reinforce our leadership in global finance,” Mr. George Matharu said.

    Elite Capital & Co. Limited is a Financial Management company that provides project-related services, including Management, Consultancy, and Funding, particularly for large infrastructure and mega commercial projects.

    Elite Capital & Co. Limited offers a wealth of experience in Banking and Financial transactions and has a range of specialized advisory services for private clients, medium and large corporations as well as governments. It is also the exclusive manager of the Government Future Financing 2030 Program® and NextGen Industrial Development Fund™.

    Dr. Faisal Khazaal, Chairman of Elite Capital & Co., added, “Leaving 33 St. James Square is bittersweet, it’s where we built a legacy, sealing landmark deals that shaped our identity. Yet, 1 Cornhill represents a bold new chapter, mirroring Elite Capital’s stature not just in London, but as a global force in finance.”

    NextGen Industrial Development Fund redefines industrial financing by replacing debt with equity partnerships, empowering entrepreneurs to build factories without the burden of collateral or loan repayments. Targeting first-time industrialists and global firms expanding into MENA, NextGen provides end-to-end support, from land acquisition and infrastructure construction to cross-border financial solutions, ensuring projects thrive from day one.

    As a fund managed by Elite Capital & Co. Limited, NextGen’s innovative model aligns perfectly with Elite Capital’s vision for scalable, risk-shared growth. Together, they bridge the gap between visionary ideas and tangible industrial success, transforming the financial landscape for large-scale projects worldwide.

    Mr. George Matharu concluded his statement by saying: “Our new home is more than an address; it’s a testament to our clients, partners, and team who drive our success. We invite you to visit us at 1 Cornhill as we write the next era of excellence.”

    Contact Details –

    Elite Capital & Co. Limited
    1 Cornhill, City of London
    England, EC3V 3ND

    Telephone: +44 (0) 203 709 5060
    SWIFT Code: ELCTGB21
    LEI Code: 254900NNN237BBHG7S26

    Website: ec.uk.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5b39113-0481-40a1-9206-ad9b0619ebd8

    The MIL Network –

    June 13, 2025
  • MIL-OSI: Bitcoin Solaris Presale Enters Final Phase as $7 Token Heads for $20 Launch — 233% Growth Potential in Week

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 13, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), one of the year’s most anticipated blockchain launches, has officially entered Phase 7 of its presale, offering investors a final chance to secure tokens at $7 before the price climbs to $8 — and eventually to a fixed launch price of $20.

    This final phase marks a major milestone for the project, with over $3.8 million already raised and 11,000+ unique participants joining the ecosystem ahead of its mainnet debut.

    A Blockchain Built for Performance and Participation

    Bitcoin Solaris is engineered with a hybrid consensus model that combines Proof-of-Work security with Delegated Proof-of-Stake scalability, enabling performance that rivals some of the fastest chains in the industry:

    • Transaction Speed: Over 100,000 TPS with dynamic block sizes
    • Finality: Achieved in under 2 seconds
    • Energy Efficiency: 99.95% lower consumption than traditional mining chains
    • Validator System: 21 rotating validators for decentralized governance
    • Smart Contracts: Rust-based, fully audited by Cyberscope and FreshCoins

    This architecture enables BTC-S to support complex smart contracts, cross-chain interoperability, and enterprise-grade applications — all while remaining accessible to users across mobile, desktop, and web platforms.

    The Final Phase of the Presale Is Creating Real Urgency

    Bitcoin Solaris has entered Phase 7 of its presale. The price has now risen to $7, with the next jump to $8 looming—and a launch price locked at $20. The upside? A built-in 233% potential gain for those who act before the cutoff.

    This isn’t just hype—it’s math backed by growth:

    • Over $3.8M raised
    • 11,000+ unique buyers
    • Less than 8 weeks left before the presale closes
    • One of the fastest and most aggressive crypto launches of the year

    A detailed breakdown by Ben Crypto highlights how BTC-S delivers beyond just price performance—showing why this chain is being seen as a foundational investment, not just a flip.

    Behind the Speed: The Architecture Driving Bitcoin Solaris

    Bitcoin Solaris combines security and scalability in a way few blockchains can match:

    • Proof-of-Work Base Layer using SHA-256 for robust network integrity
    • Delegated Proof-of-Stake Layer (21 validators, rotating every 24 hours)
    • Dynamic block sizes up to 32MB
    • TPS capacity of 100,000+, with 2-second finality
    • 99.95% lower energy use than traditional PoW networks

    All of this allows BTC-S to support heavy smart contract execution, cross-chain interoperability, and enterprise-grade deployments without congestion or bloat.

    Explore the Bitcoin Solaris Ecosystem Now

    Tokenomics That Reinforce Long-Term Value

    Bitcoin Solaris doesn’t just pump and dump. Its fixed supply of 21 million BTC-S tokens is structured to mimic Bitcoin’s scarcity while enabling real-world usability:

    • 66.66% reserved for mining (distributed over decades)
    • 20% for presale participants
    • 5% for liquidity
    • 2% for ecosystem growth
    • 2% for staking incentives
    • 2% for community rewards
    • 2% for marketing
    • 0.33% for team and advisors

    This tokenomics model ensures a healthy distribution curve while aligning incentives for long-term holders, developers, and validators.

    Why Bitcoin Solaris Has Millionaire-Making Potential

    Not every project has the mechanics to turn investors into wealth builders—but BTC-S is different. It’s not just the early entry point that makes it powerful. It’s the structure:

    • Staking rewards, validator rotation, and mining profits are shared across an active ecosystem
    • Smart contracts are fully audited by Cyberscope and Freshcoins, giving developers peace of mind
    • The upcoming release of a mobile-first mining experience will bring in a new wave of users who don’t need advanced hardware to benefit

    This isn’t a network built for whales—it’s built for participation. And the earlier that participation starts, the more rewarding it becomes.

    The Market’s Watching. The Window’s Closing.

    Trump’s pro-crypto stance may have shocked the markets, but it also validated what many in the community already knew: digital assets aren’t going anywhere. Bitcoin Solaris, with its hybrid consensus model, high-speed performance, and locked-in scarcity, is offering one of the last true “early” opportunities in a mature market.

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

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com

    Press Kit: Available upon request

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3d2cec4a-d68e-4f96-9317-4d485e5f0d38

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c365c49b-aea8-49b5-8b4e-50bd8134afd5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d8dd1d1d-9e5e-43f5-ba35-a0903a8ac58d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/196bef8c-32be-4409-803b-a2e7c513a3bc

    The MIL Network –

    June 13, 2025
  • MIL-OSI: Bitget Wallet Launches Pharos and CESS Testnet Campaigns, Distributing 200,000 Tokens

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, June 13, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has launched two new testnet campaigns in collaboration with blockchain infrastructure projects Pharos and CESS. The initiatives will distribute a total of 200,000 testnet tokens to participants, part of the company’s broader push to support early-stage ecosystem engagement through simplified onchain access.

    Pharos is a revolutionary Layer 1 blockchain platform that sets new benchmarks in decentralized technology with its extreme performance and scalability. CESS is a data value infrastructure, offering secure, scalable, and programmable storage and delivery for AI, DePIN, and Web3 applications. Both projects are currently in public testing and are using token incentives to drive user activity and network feedback.

    The Pharos campaign runs from June 13 to July 13 and offers 100,000 PHRS test tokens. CESS is conducting two campaigns: one distributing 100,000 tCESS test tokens from June 13 to July 13, and a separate task-based campaign running from June 13 to June 20 with an additional $50,000 worth of CESS tokens allocated to a reward pool. The reward pool, offered exclusively through Bitget Wallet, is expected to be distributed after the project’s token launch (TGE). All campaigns are accessible directly within Bitget Wallet, with no external forms or social logins required.

    Launched earlier this year, Bitget Wallet’s Testnet Faucet Center serves as a dedicated interface for accessing testnet campaigns across multiple blockchain networks. Designed to reduce friction in user onboarding, it allows participants to claim tokens, complete tasks, and track progress in real time—without needing third-party integrations. The platform is part of Bitget Wallet’s broader strategy to position itself as a gateway for users exploring new protocols and participating in early-stage blockchain ecosystems.

    Find out more on Bitget Wallet’s official channels.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2717b203-c62b-4215-89e2-331561f7f0bb

    The MIL Network –

    June 13, 2025
  • MIL-OSI Africa: Uganda: Museveni preaches benefits of East African Federation, criticises corrupt politicians


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    President Yoweri Museveni has emphasised the benefits of the East African Federation, saying that it will lead to economic prosperity and heightened security in the region.

    President Museveni, who was speaking after the budget presentation by the Minister of Finance, Matia Kasaija, held in Kololo on Thursday, 12 June 2025, rallied lawmakers to appreciate the importance of the federation.

    “Economic and political integration are the correct answer to the question of economic prosperity and security,” said Museveni.

    Making reference to the history of the EAC started in 1967 and collapsed a decade later, Museveni said that the community was re-launched in 1999 in the spirit of patriotism and pan Africanism, following the realisation of the need for market for goods and services in the region.

    “We are glad by 1980, African leaders had started seeing the importance of market integration as part of the Lagos plan of action,” he said.

    Tracing back to the history of other African countries and Uganda’s experience after independence, Museveni said that it was discovered that the internal market for goods and services was not enough.

    “As we speak today, Uganda has got surplus of milk, maize, bananas, cement, etc. Where do we sell all these,” he said, adding that East African and African countries are now buying some of the surpluses.

    “Otherwise, these sectors of the economy would have collapsed by now. That is how the National Resistance Movement developed the second principle of Pan Africanism because we need it for our prosperity,” he said.

    The ready market for goods and services, according to Museveni leads to prosperity of African countries, thereby reducing dependence on foreign aid.

    “The East African Community has now expanded to incorporate Rwanda, Burundi, South Sudan, DRC and Somalia. In addition, we have COMESA and the Continental Free Trade Area. We need to remove all the trade barriers and develop infrastructure to facilitate this trade,” Museveni added.

    He also spoke against trade imbalances, stressing the need to assist countries that are joining the federation.

    “We do not want a common market where some countries benefit and others lose, no, it is very dangerous,” Museveni said.

    Museveni also spoke tough against politicians giving handouts to voters for political support, saying that such leaders are enabling corruption.

    “Politics is about principles and policies. That is what you should be telling the public to choose from,” he said.

    He advised voters against electing leaders based on handouts, saying that they need leaders who will instead help in the fight against corruption.

    “Do not accept petty money from politicians and throw away your power to elect politicians who will help to fight corruption,” said Museveni.

    Local Government District officers were not spared, and the President vowed to take action against those found culpable of mismanaging the Shs1.3 billion meant for road maintenance.

    He said that he discovered that some districts were instead using the funds to construct new roads.

    “In the case of Bunyangabo district, they were mixing up issues. The Shs1.3 billion is for maintenance, not for constructing new roads. I will check and if I find out, there will be casualties among local government officials,” he said.

    Digital number plates targeting criminals

    President Museveni also dismissed claims that the new digital vehicle number plates are meant for collecting fines, but rather aimed at enhancing security, saying that they are traceable through the central command centre.

    “Every vehicle must have a digital number plate. It is about security. Criminals are acting with impunity,” he said.

    Referring to the case in which a 45-year-old Godfrey Wanyengera, a resident of Mukono was killed in a road accident, Museveni said that such criminal activities can be countered with the digital number plates.

    Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

    MIL OSI Africa –

    June 13, 2025
  • MIL-OSI Asia-Pac: Beware of fraudsters posing as HKMA staff

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    ​The Hong Kong Monetary Authority (HKMA) has received enquiries from members of the public about fraudsters posing as HKMA senior staff, issuing forged documents falsely claiming that certain securities or investment companies are “recognised financial institutions”, in an attempt to deceive members of the public into placing funds with these securities companies as a prerequisite for loan approval.

    The HKMA wishes to clarify that the above schemes are fraudulent, and the HKMA will not contact individual members of the public regarding personal financial matters.

    Should members of the public wish to verify whether an institution is authorized by the HKMA, they should refer to the Register of Authorized Institutions and Local Representative Offices available on the HKMA website.

    The HKMA has reported the case to the Hong Kong Police Force.

    Members of the public who suspect that they have become victims of any fraudulent acts should contact the Police or the Commercial Crime Bureau of the Hong Kong Police Force at 2860 5012 for follow-up actions and investigation by the Police.

    MIL OSI Asia Pacific News –

    June 13, 2025
  • MIL-OSI Asia-Pac: SFST made positive progress with signing of CDTA with Norway during his visit

    Source: Hong Kong Government special administrative region

    SFST made positive progress with signing of CDTA with Norway during his visit  
         To unlock new opportunities in the area of maritime finance, Mr Hui met with the Chief Customer Officer, Ms Line Dahle, and Vice President and Head of Analytics, Mr Sigvald Fossum, of Norwegian marine and energy insurance provider Gard, which has a strong presence in Hong Kong’s marine insurance market and provides services to manage maritime risk for clients. He also met with the Vice-President and Director of Group Government and Public Affairs of DNV, Mr Lars Almklov. The global assurance and risk management company DNV has been recognised by the Hong Kong Monetary Authority as an approved external reviewer for the Green and Sustainable Finance Grant Scheme.
     
         Mr Hui told management members of the two companies that Hong Kong and Norway possess complementary strengths that can create a compelling case for financial co-operation. While Norway’s maritime industry is the cornerstone of its economy, Hong Kong’s maritime services industry is also a valued brand in the international arena. Joint ventures in maritime insurance could combine Norway’s expertise in marine risk management with Hong Kong’s accessibility, creating comprehensive solutions for the sector and addressing the new demands arising from geopolitical and climatic challenges. He highlighted that Hong Kong has a sophisticated ecosystem for ship financing and leasing, supported by tax incentives and its strategic location along global trade routes.
     
    On June 12 (Oslo time), Mr Hui paid a courtesy call to the Chinese Ambassador Extraordinary and Plenipotentiary to the Kingdom of Norway, Ms Hou Yue.
     
    He also had a meeting with the Director of Politics and Society of Finance Norway, Mr Jan Erik Fane, and other management staff. Finance Norway is the industry organisation for the financial sector in Norway, representing banks, insurance companies and other financial institutions on regulatory, policy and industry developments.
     
         Mr Hui noted that the Norwegian sovereign fund is one of the largest funds in the world and is positioned as a pioneer in responsible investing with a strong emphasis on Environmental, Social and Governance principles. He said that the shared focus of Hong Kong and Norway on sustainability creates significant opportunities for collaboration.
         At a dinner reception co-organised by the Hong Kong Economic and Trade Office, London, and the Norway-Hong Kong Chamber of Commerce on June 11 (Oslo time), Mr Hui said that even though there is a geographical distance of around 8 600 kilometres between Norway and Hong Kong, the two places share more commonalities in the financial market than perceived.
     
         The first one is the commitment to green and sustainable developments. Hong Kong is striving to achieve carbon neutrality before 2050, and the Government launched a roadmap last December to require publicly accountable entities (PAEs) to adopt the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) and to provide a well-defined pathway for large PAEs to fully adopt the ISSB Standards no later than 2028.
     
         Just last week, Hong Kong issued a new round of Government green bonds and infrastructure bonds to channel market capital to support green projects and promote sustainable developments in Hong Kong. This round of bonds amounts to a total of around US$3.5 billion, denominated in Hong Kong dollars, Renminbi, US dollars and euros. The offering attracted participation from a wide spectrum of investors from more than 30 markets across Asia, Europe, Middle East, and the Americas, with total orders amounting to an equivalent of around US$30 billion, representing a subscription ratio of almost nine times.
     
         The other commonality is expertise in wealth management. Mr Hui noted that Norway’s expertise in long-term asset management driven by its sovereign fund aligns seamlessly with Hong Kong’s position as Asia’s premier wealth management centre. Capitalising on Hong Kong’s advantages of having a solid financial infrastructure and an extensive international client base, abundant co-investment opportunities are available for Norwegian capital in the Asian markets, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
     
         More commonalities lie in fintech and digital finance. Norway is a highly digitalised economy that has fostered advancements in mobile payment systems, blockchain technology, and digital asset management. At the same time, Hong Kong is home to around 1 100 fintech companies and start-ups. The Government endeavours to boost fintech developments through measures such as enhancing fintech infrastructures, nurturing talent, establishing regulatory regimes for digital assets such as the stablecoin regulatory regime to be enacted on August 1. The second edition of a policy statement on digital assets will also be promulgated soon. By combining Norway’s technological innovation with Hong Kong’s access to Asian markets, the partnership could drive cutting-edge solutions that redefine digital finance on a global scale.
     
        Mr Hui has returned to Hong Kong in the evening of June 13.
    Issued at HKT 18:33

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 13, 2025
  • MIL-OSI: Bitget’s May Report Highlights 21% increase in Futures Trading Volume Accelerating it to top #3 exchange

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market.

    In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget’s trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data.

    Bitget added over 500,000 new users in May alone, contributing to more than 2 million new users in Q2 2025. Bitget also recorded an industry-leading 192% Proof of Reserves ratio, and its Protection Fund hit an all-time high of $725 million, reflecting a long-term commitment to transparency, asset security, and user protection.

    May was a milestone month for Bitget Wallet, which rebranded under the “Crypto for Everyone” identity and rolled out major upgrades. Key launches included Paydify integration for seamless LATAM fiat onramps, a “Shop with Crypto” marketplace for spending at 300+ global brands, and Bitget Wallet Alpha, a mobile-native hub for token discovery and one-click trading across 130+ blockchains.

    Bitget forged key partnerships to drive adoption and education, teaming up with Sweat to expand crypto access in Southeast Asia, and collaborating with Cryptita to launch a blockchain encyclopedia for youth, promoting early crypto literacy.

    Product rollouts this month included the highly anticipated launch of Bitget Live, a real-time streaming feature designed to empower creators and expert traders to share their insights directly on the platform. The exchange also unveiled BGUSD, a USDC-pegged stablecoin backed by tokenized real-world assets including US Treasuries. Bitget Wallet became the official wallet for LINE’s Mini Dapp Portal, allowing LINE’s 196 million users to access Kaia chain games and tools via Bitget.

    Bitget continued to expand its listing of new digital assets, welcoming RLUSD, Ripple’s USD-backed stablecoin, to its platform. Bitget also listed Shardeum, a scalable, EVM-compatible Layer 1 blockchain, allowing users to access high-performance DeFi protocols and smart contract applications. The addition of USD1, a stablecoin issued by World Liberty Financial and affiliated with the Trump family, signaled Bitget’s commitment to onboarding digital assets that aim to bridge fiat and crypto for broader user adoption.

    In May, Bitget advanced its social impact efforts through its Blockchain4Youth program, which marked two years with over 8,000 participants and global outreach across 70+ countries. It also supported Google’s “Build With AI” Hackathon, delivered emergency aid to earthquake-affected families in Myanmar, and expanded its Starlink Program in the Philippines to bring satellite internet to underserved islands, supporting long-term digital and blockchain inclusion.

    From its strong on-chain integrations to fiat-crypto innovation, Bitget continues to set new benchmarks in exchange trust, product utility, and real-world Web3 applications. Bitget’s sustained momentum positions it as a key driver in the next phase of crypto evolution.

    For the full transparency report, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5780c3bf-ff65-4550-a482-35cb88758332

    The MIL Network –

    June 13, 2025
  • MIL-OSI: Hyperscale Data’s Subsidiary, Sentinum, Announces Anticipated Annual Bitcoin Mining Run Rate of Approximately $41 Million

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 13, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) expects that starting in July 2025, it should be mining an aggregate of approximately 375.24 Bitcoin per year. Such operations would represent a current Bitcoin mining annual run rate of approximately $41 million worth of Bitcoin. The mining run rate is based upon a recent Bitcoin price of approximately $108,000.

    These projections are based upon the full time, year round usage of approximately (i) 9,100 miners currently operating at Sentinum’s data center in Michigan, (ii) 6,800 miners to be hosted by Montana OP LLC, which are anticipated to be delivered, installed and in operation by the end of June 2025 and (iii) 3,300 miners to be operating at Sentinum’s data center in Montana, of which 2,600 are anticipated to be in operation by the end of June 2025 with the remaining 700 to be in operation during July 2025.

    “We’re proud to reach this milestone,” said Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “Our anticipated annual run rate of $41 million a year in Bitcoin mining highlights the scale we’ve built and our team’s ability to execute in a highly competitive market. We are excited to capitalize on favorable Bitcoin prices and look forward to the Sentinum team placing into operation the 10,100 Bitcoin mining machines over the next month.”

    Hyperscale Data notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to deliver and provide the necessary power for miners, the obligation to deliver Bitcoin mined as payment towards fees and deposits until paid in full, full utilization of the miners for an entire year and other factors that may impact the results of Bitcoin mining production or operations. In addition, Hyperscale Data cautions that revenue will only be recognized to the extent that Bitcoin (or cash upon the sale of Bitcoin) is deposited into our account, which amount will be less than the value of all Bitcoin mined.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

    June 13, 2025
  • MIL-OSI: Navatar Adds Automated LinkedIn Data Enrichment to Its Salesforce CRM Powered Intelligence Engine for Private Equity

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON, June 13, 2025 (GLOBE NEWSWIRE) — Navatar, the CRM platform for alternative assets and investment banking, today announced a new LinkedIn integration that automates data enrichment within its Salesforce-based platform. This new capability allows deal teams to discover previously unknown contacts, track executive moves, and surface relevant news—all seamlessly within the CRM.

    This LinkedIn integration reinforces Navatar’s broader vision: delivering high-impact intelligence automatically—so dealmakers can focus on execution, not data entry. Navatar helps firms win by enabling thematic sourcing, staying close to the right companies, and building conviction early—before deals reach the market.

    This mission—to help dealmakers consistently bring their A-game—inspired the launch of Navatar’s A-Game podcast, which spotlights top private equity professionals sharing the principles, strategies, and insights that drive their edge in a competitive market.

    A Media Snippet accompanying this announcement is available in this link.

    For many firms, their CRM is part of the problem—not the solution. Workflows are manual, fragmented, and frustrating. Intelligence is scattered across inboxes, spreadsheets, and conversations in partners’ heads. Most CRMs ultimately become little more than static lists of deals. By capturing insights from emails, calendars, notes, documents, and now LinkedIn, Navatar continuously connects the dots across firms’ most valuable relationships and investment conversations.

    Navatar flips the model—removing friction, connecting insights behind the scenes, and ensuring that institutional knowledge shows up where and when dealmakers need it. Navatar transforms Salesforce into a dealmaking intelligence engine that captures, connects, and activates firmwide knowledge—without high-touch data entry or rigid workflows.

    Navatar helps deal teams:

    • Stay close to the right companies, bankers, and signals
    • Maximize the value of internal and external relationships
    • Unlock firmwide intelligence—without manual input
    • Make better-informed investment decisions, faster

    Bringing Your A-Game: From Sourcing to Diligence

    1. Relationship & Context Mapping

    • Surfaces who knows who across your firm
    • Tracks who knows what, based on intelligence automatically captured
    • Uncovers hidden relationships among companies, investors, and bankers

    2. Top-of-Funnel Edge

    • Consolidates insights from every relationship
    • Surfaces context that helps you pre-position early
    • Organizes intelligence by company, contact, sector—without manual effort

    3. Thematic Sourcing at Scale

    • Build workspaces around investment theses and subsectors
    • Dynamically summarize intelligence in collaborative clipboards
    • Visualize ecosystems of deals, companies, and people
    • Continuously refine sourcing strategy based on real-time insights

    4. Smarter Deal Evaluation

    • Pull in expert insights and past deal history to sharpen evaluation
    • Surface internal knowledge to strengthen competitive positioning
    • Reduce diligence costs by avoiding duplicated research

    Why Private Equity Firms Have Struggled with Salesforce

    Private equity workflows are nuanced, long-cycle, and driven by relationships. Yet firms often hire professional services teams to “build out” Salesforce with linear deal stages and compliance flows.

    The result? Over-engineered systems packed with automation layers that don’t reflect how dealmakers actually work. CRMs that demand hours of manual input—and return little in actionable insight.

    Even a CRM that perfectly mirrors a firm’s process will fail—if dealmakers see no immediate value.

    Navatar’s Counter-Intuitive Fix: Simplify Everything

    With two decades of Salesforce expertise, Navatar took a bold approach: use the flexibility of Salesforce not to add complexity—but to eliminate it. Navatar brings intelligence to dealmakers without changing how they work.

    Here’s how:

    • No manual data entry — Notes and emails are automatically captured, categorized by company, deal, person, sector, and topic
    • Reveal hidden connections — Between sponsors, buyers, companies, and intermediaries
    • Unify the firm’s knowledge — Track and connect interactions at every stage
    • Collaborate seamlessly — Dynamic, flexible workspaces align the team in real time
    • Stay in sync — CRM, Outlook, LinkedIn, calendar, and third-party data are all connected

    The Bottom Line: Intelligence Wins Deals

    The new LinkedIn integration is now available to all Navatar clients using the Salesforce platform. In a market where speed, insight, and relationships drive returns, private equity firms can no longer afford to rely on static CRMs and scattered workflows. Navatar transforms Salesforce into a low-touch, high-impact intelligence engine—built for how dealmakers actually work. By capturing insights across every conversation and connection, Navatar empowers firms to act earlier, evaluate faster, and compete smarter.

    For more information on Navatar for Private Equity, visit:
    https://www.navatargroup.com/salesforce-for-private-equity-crm-software/

    About Navatar

    Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, is a low-touch, high-impact intelligence engine purpose-built for investment workflows across private markets. Our platform delivers seamless intelligence capture, unifies firmwide relationships, and orchestrates complex deal processes—without requiring high-touch input or behavioral change from investment professionals. Backed by over two decades of CRM expertise, Navatar is used by hundreds of global private markets firms to drive institutional knowledge, create early access to opportunities and streamline execution.

    Sales Team
    Navatar
    sales@navatargroup.com

    The MIL Network –

    June 13, 2025
  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 12 06 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
    N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    MARLOWE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    12 JUNE 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,108,136 3.9583    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,108,136 3.9583    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    50p ORDINARY SALE 5,100 442.02p
    50p ORDINARY PURCHASE 5,100 442.5p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 13 JUNE 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

    June 13, 2025
  • MIL-OSI Europe: Press conference following Council of Ministers meeting no. 131

    Source: Government of Italy (English)

    Vai al Contenuto Raggiungi il piè di pagina

    12 Giugno 2025

    Council of Ministers meeting no. 131 was held at Palazzo Chigi today. Following the meeting, Minister of Enterprises and Made in Italy Adolfo Urso, Minister of Labour and Social Policies Marina Elvira Calderone and Deputy Minister of Economy and Finance Maurizio Leo held a press conference to illustrate the measures adopted.

    MIL OSI Europe News –

    June 13, 2025
  • MIL-OSI Asia-Pac: Senior Police Call AGM cum Luncheon held (with photos)

    Source: Hong Kong Government special administrative region

    Senior Police Call AGM cum Luncheon held  
    Speaking at the luncheon, the Commissioner of Police, Mr Chow Yat-ming, said the SPC has been established for over ten years, aiming at promoting safety, health and community participation of the elderly. The Government adopted measures to promote the silver economy last month to enhance the quality of life for the elderly. In line with the policy direction, the SPC has launched a wide range of activities and training programmes to help its members achieve physical, mental and spiritual health.
     
    In order to enhance the anti-deception awareness among senior citizens and to tackle the various and emerging deception tactics, the SPC launched the “IT Captain” training programme in May this year. This includes the education on the use of the one-stop scam and pitfall search engine “Scameter+”. Together with the “SPC Wealth Management and Anti-Investment Scam Ambassador” programme, the elderly get familiarised with the latest scam tactics and cyber traps, and are encouraged to spread the message of fraud prevention in the community. Trained “IT Captains” will guide elderly and citizens in the community to use the commonly-used mobile apps of the Government, assisting them to integrate into digital life.
     
    An increase of 28 per cent was recorded in the number of deception cases involving elderly victims, reaching 6 345 cases in 2024 compared to 4 929 cases in 2023. There was also an increase of approximately 20 per cent in related fraud cases from January to April this year compared to the same period last year, to over 1 700 cases. Of these, more than half were classified as online frauds, while around 40 per cent were related to telephone scams.
     
    At the AGM today, 44 SPC members were presented with the “Best SPC Captain” and “Most Active SPC Member” awards in recognition of their enthusiastic participation over the past year.
     
    The newly launched “PALS@SPC” initiative this year represents four key themes of the SPC’s activities, with “P” standing for “Participate”, “A” for “Alert”, “L” for “Learn” and “S” for “Safeguard”. The SPC will continue to collaborate with various organisations to roll out a broader range of programmes, encouraging more senior citizens to become SPC members, and to enhance themselves through recreation and sports activities as well as courses and seminars. Being crime-fighting partners of the Police, SPC members join hands to serve the community and achieve the SPC sprit – “Helping Oneself and Others”.

    Issued at HKT 18:11

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 13, 2025
  • MIL-OSI Asia-Pac: Hong Kong’s international gourmet hub status attracts Mainland coconut chicken hot pot chain to open first restaurant in Hong Kong (with photos)

    Source: Hong Kong Government special administrative region

         ​Invest Hong Kong (InvestHK) announced today (June 13) that Runseason World Trade Catering Co Ltd (Runseason), a Mainland catering brand specialising in coconut chicken hot pot, has officially opened its first restaurant in Hong Kong, marking a significant step in its global expansion strategy.

         The new restaurant, located in Causeway Bay, will also serve as a regional office and a strategic launch pad for the company’s ambitions to enter European markets and elevate its brand on the global stage, according to Runseason co-founder Mr Huang Guangchun.

         Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau said, “Runseason’s decision to establish its foothold in Hong Kong underscores the city as the premier choice for Mainland brands to go global. It also highlights Hong Kong’s unique advantages as a launch pad for food and beverage companies aiming to expand internationally. We are delighted to support Runseason in leveraging Hong Kong’s vibrant market and international connectivity to achieve its ambitious expansion goals.”

         Mr Huang said, “Hong Kong’s status as an international culinary hub, with its mature market and diverse consumers, makes it the ideal base for Runseason to refine its product offerings, strengthen its supply chain resilience, and enhance its digital services. Aligning with the company’s ‘family standards and conscientious quality’ philosophy, the Hong Kong restaurant will develop a replicable model for global expansion, showcasing its signature coconut chicken hot pot and innovative dishes to a global audience.”

         He added, “Hong Kong, as an international city where East meets West, provides an unparalleled opportunity for Runseason to introduce our coconut chicken – a delicacy rooted in Eastern dietary wisdom – to international markets. By leveraging Hong Kong’s diverse consumer base and its reputation for culinary excellence, we aim to transform this regional specialty into a global cultural symbol of healthy and sustainable dining.”

         Founded in 2009, Runseason is a subsidiary of Shenzhen Runyuan Four Seasons Catering Co Ltd, offering its signature coconut chicken hot pot, in which the brand sources fresh ingredients directly from its own coconut plantations and Wenchang chicken breeding farm in Hainan, ensuring a premium dining experience. It operates over 20 restaurants across Mainland China, bringing its beloved hot pot to an ever-growing customer base. 

         For more information about Runseason, please visit mp.weixin.qq.com/s/Cn8mevI9TxnrmaIT72fksA.

         For a copy of the photos, please visit www.flickr.com/photos/investhk/albums/72177720326792123.

            

    MIL OSI Asia Pacific News –

    June 13, 2025
  • MIL-OSI: Bitget Onchain Rolls Out Major Feature Upgrades to Empower Smarter Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a series of powerful feature upgrades including limit order, smart position TP/SL, and new token alert, for its Onchain platform, aimed at providing users with more precision, control, and real-time insights into onchain trading.

    The latest updates introduce key enhancements to trading execution, risk management, market tracking, and user experience. Limit order functionality is now live, allowing traders to define their own execution prices with greater precision and efficiency. The Onchain platform also supports smart take-profit and stop-loss tools, enabling users to pre-set target profits or losses and automate position management with a single click. To give traders greater flexibility, gas and slippage settings can now be adjusted across multiple modes.

    Bitget Onchain has also improved its real-time market visibility. K-line candlestick charts are now updated live, ensuring users have access to the most current market data as prices move. A new chart overlay combines price data with market capitalization, offering a dual-layered perspective for more informed decision-making.

    The platform also introduced a new token subscription feature that sends instant alerts when new tokens are listed, helping users stay ahead of emerging opportunities. Search functionality has also been upgraded to support direct queries using contract addresses, making it easier to identify high-potential assets. In addition, Bitget Onchain has launched a new sharing feature that allows users to showcase their open positions and trading performance seamlessly across platforms.

    “At Bitget, we’re committed to building a seamless and intelligent onchain trading environment,” said Gracy Chen, CEO of Bitget. “With these new features, users gain more precision, better automation, and deeper visibility into the market—all essential to staying ahead in a fast-moving space and making smarter trading decisions.”

    Bitget Onchain was officially launched on April 7, 2025, as a frictionless onchain trading solution for all users. By combining the speed and simplicity of a CEX with direct access to onchain assets, it allows users to trade using USDT from their spot accounts across major chains such as Solana, BNB Chain, and Base. To date, Bitget Onchain has included over 230 trendy assets, recorded over 1 million cumulative trading actions, and facilitated over $200 million in total trading volume.

    With CEX-grade security and AI-powered token screening, Bitget Onchain makes DeFi trading simpler, safer, and more accessible, especially for new users seeking early opportunities in emerging markets.

    For more information on Bitget OnChain, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0f2ea8b-9246-40f2-a7f4-0805abd9cfd5

    The MIL Network –

    June 13, 2025
  • MIL-OSI: Bilibili Inc. Announces Completion of the Repurchase Right of Its 1.25% Convertible Senior Notes due 2027

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, June 13, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it has completed its previously announced repurchase right relating to its 1.25% Convertible Senior Notes due 2027 (CUSIP No. 090040AD8) (the “Notes”). The repurchase right expired at 5:00 p.m., New York City time, on Thursday, June 12, 2025. Based on information from Deutsche Bank Trust Company Americas as the paying agent for the Notes, US$66,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right. The aggregate cash purchase price of these Notes is US$66,000. The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    The MIL Network –

    June 13, 2025
  • MIL-OSI Africa: IEC to host the first Symposium on Political Funding in SA

    Source: South Africa News Agency

    IEC to host the first Symposium on Political Funding in SA

    The Electoral Commission is preparing to host a symposium on Political Funding in South Africa. 

    This follows four years of implementing the Political Funding Act of 2018. This law took effect on 1 April 2021. 

    The symposium will be held in Durban, KwaZulu-Natal, on 18 and 19 June 2025.

    The symposium will be held under the theme: “Sustaining Multi-Party Democracy through Enhancing Political Funding Regulation in South Africa”.

    The aim of the symposium is to foster informed dialogue on matters related to the use of money in politics, the required transparency and accountability models, as well as possible reforms to ensure an effective political finance regulatory regime in South Africa.

    The key highlights of the programme of the symposium include opening remarks by the chairperson of the Electoral Commission, Mosotho Moepya.

    The Chief Electoral Officer, Sy Mamabolo, and the political funding unit will outline the experience of implementing the law since its promulgation. This aspect will involve the points of success and areas of challenge. 

    The Human Sciences Research Council will outline the preliminary outcomes of a research study which, amongst others, gathered the views and perspectives of stakeholders and the public on political financing in the country. Several scholars will also present their work in this area.

    The Minister of Finance, Enoch Godongwana, is also scheduled to address the symposium. The Minister is expected to provide a perspective on the public funding of elected representatives to enhance multi-party democracy.

    Highlights of the programme include the following:

    • A global perspective on political funding and campaign finance.

    • The role and mandate of the political funding framework in strengthening democratic governance.

    • Assessing the capacity and commitment of key stakeholders in improving the regulation of political funding.

    • Transparency in public and private political party funding.

    The symposium will convene a wide range of stakeholders, including representatives from political parties, Members of Parliament, academia, civil society, media, the business sector, as well as international and intergovernmental organisations.

    Speaking ahead of the symposium, Mamabolo said a collective commitment to enhancing transparency in the political funding landscape is important to foster a vibrant system of multiparty democracy. 

    “By convening diverse stakeholders, we aim to critically assess our progress and explore avenues for strengthening the current regulatory framework and thus ensure that our democracy remains robust and resilient,” he said. – SAnews.gov.za

    Edwin
    Thu, 06/12/2025 – 15:29

    MIL OSI Africa –

    June 13, 2025
  • MIL-OSI Africa: Government works to boost the agricultural sector

    Source: South Africa News Agency

    Government works to boost the agricultural sector

    Government is implementing comprehensive measures to support small-scale farmers, especially in rural and underdeveloped provinces like the Eastern Cape, Limpopo, and KwaZulu-Natal. 

    This is according to Deputy President Paul Mashatile who outlined key strategies during a parliamentary question-and-answer session. At Thursday’s session, the Deputy President emphasised the importance of enhancing agricultural productivity and improving access to funding.

    Addressing the National Assembly, he stated that the government is improving agricultural productivity through the Agriculture Agro-Processing Master Plan (AAPP) and various support programmes, including the Comprehensive Agricultural Support Programme (CASP) and the Blended Finance Scheme.

    WATCH | Deputy President addresses the National Assembly

    He explained that the Master Plan aims to enhance agricultural products, promote agro-processing, and improve market access by building capacity, accelerating land reform, and providing financial assistance to farmers.

    “We need to support it to promote economic growth, ensure food security and employment creation, particularly in rural areas. 
    “Government is playing a crucial role in ensuring that small farmers become sustainable and thriving enterprises aligned to the country’s land reform and rural development objectives,” he said.

    He announced that government is assisting farmers by offering grants and loans through partnerships with financial institutions like the Land Bank, Development Bank of Southern Africa (DBSA), and the Industrial Development Corporation (IDC). 

    According to the Deputy President, the state is providing blended finance schemes targeting black-owned agricultural enterprises. 

    “We are enhancing collaboration between government and private entities to boost productivity, service delivery and sustainability growth. Infrastructure and technology adoption depend on these collaborations,” he said.

    He told Members of Parliament that efforts are being made to address the challenge of accessing funding from commercial banks by de-risking investments and mobilising Development Finance Institutions (DFIs).

    Meanwhile, the Deputy President said government is also leveraging trade agreements, such as the African Continental Free Trade Area (AfCFTA), to boost regional trade. 

    “If we effectively utilise regional structures like the African Continental Free Trade Area, our smallholder farmers will have a platform to access larger regional markets and potentially benefit from increased demand for their products. 

    “In this regard, continuous industry consultation and reporting are taking place through the agricultural trade forum.” 

    Export opportunities

    He announced that South Africa is exploring export opportunities in strategic markets like Japan and focusing on products such as citrus fruits and avocados. 

    In the meantime, arrangements are currently in place with the European Union and the country’s BRICS partners to fast-track export protocols, enhance biosecurity to meet international standards and ensure international outreach is professional, responsive and strategic.

    BRICS is an intergovernmental organisation comprising 10 countries, including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.

    Funding and market access 

    The country’s second-in-command also took the time to acknowledge the challenges, including commercial banks’ reluctance to fund small farmers due to a lack of collateral. 

    However, he stated that the government is intervening to reduce investment risks and encourage bank participation. 

    According to Deputy President Mashatile, government aims to transform small-scale farming into sustainable enterprises, which will promote economic growth, food security, and job creation in rural areas.

    “We are actively seeking to expand agricultural market access to countries like Japan, particularly for our citrus fruits and avocados.” 

    The Deputy President also took the time to extend his condolences to the families of the people affected by the severe weather conditions in the Eastern Cape. 

    “Our hearts are with you. Government will do everything in its power to assist you. The President will be visiting the Eastern Cape tomorrow,” he said. – SAnews.gov.za

    Gabisile
    Thu, 06/12/2025 – 15:31

    MIL OSI Africa –

    June 13, 2025
  • MIL-OSI United Kingdom: Director of mobile phone shops given suspended sentence for £150,000 Covid loan fraud 

    Source: United Kingdom – Executive Government & Departments

    Press release

    Director of mobile phone shops given suspended sentence for £150,000 Covid loan fraud 

    Zahid Afzal, of Pembrokeshire, fraudulently claimed extra Covid Bounce Back loans for his phone sales and merchandise companies.

    • Zahid Afzal claimed £150,000 in Covid loans – most of which he moved to personal accounts.  

    • He had already received Bounce Back loans for his two companies when he applied for three more.  

    • He was handed a two-year suspended sentence, and 300 hours of unpaid work, at Swansea Crown Court on 12 June 2025.  

    The director of two companies which run mobile phone shops across the UK has been handed a two-year suspended sentence, after he fraudulently claimed £150,000 in Covid Bounce Back loans.  

    Zahid Afzal, the director of Phone Bits Ltd and Phones Onn Ltd, had already received Covid loans for both companies legitimately – totalling £52,500 – when he applied for three more.  

    The 37-year-old, from Haverfordwest, falsely claimed the applications were the first he had made and exaggerated the turnover of each company.  

    He received the three additional loans of £50,000 each – one for Phone Bits Ltd and two for Phones Onn Ltd – between May and November 2020. 

    Afzal was sentenced for three counts of fraud by false representation at Swansea Crown Court on 12 June 2025.   

    The Insolvency Service is seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.   

    Insolvency Service Chief Investigator David Snasdell said:  

    It is clear from our investigations that Zahid Afzal felt he could continue to apply time and time again for loans he was not entitled to.  

    Not satisfied with the substantial funds he had legitimately received, he went on to lie on applications and exaggerate his companies’ turnovers. 

    His sentencing should serve as a reminder to those contemplating fraudulently pocketing taxpayers’ money to think again.

    Afzal’s companies ran mobile phone shops or kiosks in Carmarthen, Shropshire, Andover and North Devon. 

    The Insolvency Service investigation did not find any wrongdoing with the use of his initial loans for Phones Onn Ltd (£20,000) and Phone Bits (£32,500), which he was entitled to and were used entirely for business purposes. 

    But he moved the majority of the £150,000 he received from his second round of loans to personal accounts despite stating they were for business purposes.  

    The Bounce Back loan scheme helped small and medium-sized businesses to borrow between £2,000 and £50,000, at a low interest rate, guaranteed by the Government.    

    The loans were made on the condition that they were not to be used for personal purposes, but could be used, for example, to purchase a company asset such as a vehicle, if it would provide an economic benefit to the business.  

    The money lent to a company had to be paid back, over six or 10 years, with payments starting 12 months after the company received the loan. 

    Further information:  

    • Zahid Afzal: DOB 09/03/1988 of Albert Street, Haverfordwest, Pembrokeshire.  

    • Phone Bits Ltd Company number 10136495, registered in Andover. 

    • Phones Onn Ltd Company number 11771257, registered in London.  

    • Zahid Afzal was charged on three counts in relation to sections 1 and 2 of the Fraud Act 2006. 

    • Read more about the Bounce Back Loan Scheme and the action the Insolvency Service can take if it finds misconduct.    

    • The Insolvency Service can investigate complaints about corporate abuse by live companies. This may include serious misconduct, fraud, scams or dishonest practice in the way the company operates. Further information on our live investigations can be found here   

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Published 13 June 2025

    MIL OSI United Kingdom –

    June 13, 2025
  • MIL-OSI Asia-Pac: Scam alert related to bank

    Source: Hong Kong Government special administrative region

    Scam alert related to bank 

    CategoriesMIL-OSI

    Post navigation

    BankThe HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the scams concerned, should contact the relevant bank with the information provided in the corresponding press release, and report the matter to the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
    Issued at HKT 17:45

    NNNN

    MIL OSI Asia Pacific News –

    June 13, 2025
  • MIL-OSI Global: Older South Africans need better support and basic services – and so do their caregivers

    Source: The Conversation – Africa – By Elena Moore, Professor of Sociology, University of Cape Town

    In South Africa, most long-term care for older people happens at home through the efforts of family members, largely female kin, not through government services.

    With South Africa’s population growing older, combined with reduced funding for community care, higher levels of disability in old age, and widespread poverty and unemployment, family care has become more important than ever and more challenging. But government and policy makers don’t know how it happens, and we can’t just assume it happens.

    The Family Caregiving Programme is the first major programme dedicated to understanding family care of older persons in southern Africa. As part of the research team for this programme we are looking at how family care works and how it can be better supported. The five-year programme aims to improve our understanding of how family care is experienced in South Africa, Malawi, Namibia and Botswana.

    For the latest research report, we worked with 103 caregivers and 96 older persons in 100 family units across seven locations in three South African provinces: the Western Cape, Eastern Cape, and KwaZulu-Natal. We worked in two rural areas, one peri-urban area and four urban areas including two townships.

    Three quarters of the sample of older persons required constant care or supervision.

    We found that all the care needs were being met – but at a significant cost for caregivers, older persons and society.

    Care needs go beyond physiological and cognitive issues and are shaped by the physical and social environment. The environment can make care more challenging and create more dependency. Lack of access to water, sanitation and electricity adds to care work.

    For care needs to be met, older persons need supported caregivers, access to care services and basic services.

    The gaps

    South Africa’s long term care policy encourages “ageing in place”, meaning older people should live in their homes, supported by community-based services. But the reality is that support is limited.

    Of the 5.5 million older people in South Africa, around 4 million receive the Older Person’s Grant, and at least 1.5 million need help with daily activities. Very few receive home-based care or subsidised meals. Even fewer receive assistive devices and materials such as wheelchairs or incontinence products.

    It’s a common assumption that if an older person lives with family, they’re being cared for. But this isn’t always true. Sometimes the available family member isn’t able – physically, emotionally, or financially – to provide proper care. Mental health support is also largely missing. Many older people experience loneliness and depression, but help is hard to find. In our study, one in five older persons experienced feelings of loneliness, anxiety and despair.

    Many older people don’t have running water, proper toilets, wheelchairs, or incontinence products. If basic services are missing, the older person needs more help. Older black people in rural areas and in under-resourced townships are most affected.

    Older people also need help accessing healthcare. High levels of diabetes, hypertension and arthritis in many cases lead to disability in later life. But getting help to access care isn’t always available.

    Mary Mwebu (we have used pseudonyms), who lives in the rural Eastern Cape and has TB of the spine and mobility challenges, has no running water in her home. She also has no accessible and affordable transport, so she hasn’t been to the clinic in 10 years and struggles to manage her pain.

    Care needs of older persons include basic provision of food. Our findings show that older persons and their households spend way below what is needed for a healthy diet.

    The older person’s grant, at R2,315 (US$130) a month in 2025 and similar to the cost of incontinence products for the month, is often the main income in the household and is used to cover the costs for everyone, especially in a context where 64% of people living with an older person are unemployed.

    Food is the biggest cost, often up to two thirds of income. It is the first thing to cut when there’s not enough money.

    Money is particularly tight in black low-income households. In many cases expenditure exceeds income, and older people are left vulnerable. If any unexpected costs like medical needs or hygiene products arise, the older person will often have to sacrifice food.

    Others will obtain loans and so many fall into debt. Borrowing from loan sharks is a way to buy food but high interest rates put people in a worse position the following month.

    Limiting spending, eating less, and limited help from family members are the only other ways to meet their needs.

    Why care is depleting

    The average older person household has five people in it. Large households have many care needs, not just elder care. We found that women – especially daughters and female relatives – are the main caregivers.

    But the findings show that due to HIV/Aids and migration, older people can’t always rely on their children. In such instances care is also provided by nieces, neighbours, and adult granddaughters.

    Looking after an older person often requires caregivers to relocate. Our findings showed that one in five caregivers had to move, often with young children or leaving spouses behind.

    Sometimes older persons need to move to get care. This happened in one in 10 older persons in our sample. Many are reluctant to move from their homes and the process can take years.

    The findings show that family caregiving is not an endless supply of “free” labour. It is physically, emotionally and financially costly, especially for black low-income women.

    Some answers

    The report proposes three key recommendations.

    Firstly, family caregivers and careworkers should be adequately compensated for their work.

    Secondly, we call for expanding home-based care services to ease the load and give caregivers breaks and mental health support.

    And thirdly, care-related items, such as wheelchairs, incontinence products and healthy food, should be made more easily available.

    Supporting family caregivers means supporting the wellbeing of millions of older South Africans. It’s time the country took elder and family care seriously and backed it with real investment and action.

    Elena Moore receives funding from Wellcome Trust and IDRC-CRDI for the work on elder care in Southern Africa.

    Vayda Megannon and Zeenat Samodien 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. Older South Africans need better support and basic services – and so do their caregivers – https://theconversation.com/older-south-africans-need-better-support-and-basic-services-and-so-do-their-caregivers-258409

    MIL OSI – Global Reports –

    June 13, 2025
  • MIL-OSI Africa: Nigerian Content Development and Monitoring Board (NCDMB) Executive Secretary Joins African Energy Week (AEW) 2025 Amid Focus on Enhancing Local Capacity

    Felix Omatsola Ogbe, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB) – the organization tasked with overseeing Nigerian content plans developed by operators -, has joined the African Energy Week (AEW): Invest in African Energies 2025 conference to discuss strategies for enhancing capacity building and local participation across the oil and gas sector.

    As Nigeria strives to boost oil production to two million barrels per day while scaling-up gas capacity, the NCDMB plays an instrumental part in ensuring local content plans established by operators align with national goals spearheaded by the Nigerian Oil and Gas Industry Content Development (NOGID) Act. During AEW: Invest in African Energies 2025, Ogbe will outline how operators can strengthen local content in the industry, particularly as major projects prepare for development.

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

    Recent initiatives reflect the commitment by the NCDMB to enhance local capacity in Nigerian oil and gas. In May 2025, the organization graduated 20 trainees in critical engineering competencies as part of a 12-month capacity building initiative for oil and gas industry operations. Trainees received international certification. In February 2025, the organization donated a fully-equipped Information and Communication Technology center for the Community Secondary School in Brass Local Government Area. These programs signal the NCDMB’s commitment to skills development – from primary and secondary education all the way through to tertiary education.

    In addition to training initiatives, the organization is strengthening its partnerships with international and regional companies to bolster local content. In April 2025, the NCDMB and Nigerian Gas Infrastructure Company agreed to explore opportunities for collaboration to advance national objectives in local content development and energy infrastructure. Meanwhile, in March 2025, the NCDMB reaffirmed its partnership with the African Petroleum Producers Organization to establish African centers of excellence in local content development. The move aligns with ambitions by both organizations to scale-up capacity building in the oil and gas sector.

    Established in 2010 under the NOGID Act, the NCDMB has emerged as a driving force behind developing local capacity across the country’s oil and gas industry. The organization works closely with a variety of stakeholders – from upstream operators to downstream players to educational, financial and technology institutions – to drive local content strategies. Under a mandate to boost Nigerian local capacity to 70% by 2027, the company has developed 150 information and communication technology centers in second schools across the country, while upgraded select technical colleges, revamped primary schools and trained over 16,000 individuals. Looking ahead, the NCDMB aims to enhance training and local content even further, ensuring the Nigerian oil and gas industry becomes a catalyst for inclusive growth in the country. At AEW: Invest in African Energies 2025, Ogbe will share insights into this strategy, highlighting ongoing initiatives and future local content plans.

    “The NCDMB is not only playing an instrumental part in unlocking greater local value in Nigeria, but setting a strong benchmark for other resource-rich countries seeking to enhance local participation in the oil and gas industry. By prioritizing workforce training and skills development, working closely with operators and overseeing their respective content plans, the organization is ensuring Nigeria unlocks greater value from its oil and gas market,” stated Tomás Gerbasio, Vice President of Commercial and Strategic Engagement at the African Energy Chamber.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

    June 13, 2025
  • MIL-OSI Africa: Mauritius tourism and hospitality industry to showcase growth and investment opportunities at the API Mauritius & Indian Ocean Property Investment Forum

    As Mauritius prepares to host the 3rd Annual API Mauritius & Indian Ocean Property Investment Forum on 26 June, industry leaders highlight the island’s pioneering role in sustainable tourism and hospitality development across the Indian Ocean region.

    The forum will serve as a key platform to discuss growth prospects, investment challenges, and innovative partnerships shaping the future of hospitality in Mauritius and beyond.

    Mauritius is increasingly recognised as a leader in sustainable tourism, driven by government initiatives, industry commitment to eco-friendly practices, and real estate developments.

    The government aims to make Mauritius a “Green Destination” by 2030, focusing on reducing the negative effects of tourism like pollution and resource overuse, while increasing positive benefits such as protecting nature, supporting local communities, and preserving culture.

    At the same time, real estate developments also follow green building principles, using energy-efficient designs and renewable energy to reduce carbon footprints. This combined effort from government, industry, and real estate creates a tourism sector that attracts visitors, cares for the environment, and benefits local people.

    Neil George, Partner and Executive Director of Aleph Hospitality, notes that the region faces a significant opportunity to expand eco-certified hotels and circular economic practices in tourism that target waste reduction and promote local sourcing. 

    “Over the next five years, I believe that we will see substantial growth in eco-certified hotels as sustainability becomes a key differentiator. I expect that foreign investment in green hospitality projects will increase as Mauritius strengthens its sustainability credentials,” says George of Aleph Hospitality, which is the largest independent hotel management company in the Middle East and Africa.

    However, he acknowledges that overcoming the perception of “Africa risk” and the somewhat illiquid nature of markets across the African continent remains a barrier to attracting institutional funding.

    In other words, Africa is still widely viewed as lacking transparency, and it can be difficult to quickly buy or sell assets without impacting their prices. As a result, large investors such as banks and financial institutions find it challenging to commit funding. They prefer markets where information is readily available and where they can quickly recover their investments if necessary.

    Investment challenges and innovative solutions

    Institutional funding — traditional debt and equity funding — for hospitality developments in the Indian Ocean is often hindered by perceived market risks and limited liquidity.

    Both Neil George and Govind Mundra, the Head of Development for Middle East & Africa at Wyndham Hotels & Resorts, emphasize these challenges remain perverse but also highlight innovative models to mitigate them.

    Mundra points to branded residences and rental pool resorts as effective strategies that allow developers to pre-sell units and reduce upfront capital burdens while benefiting from global brand management and distribution networks. Wyndham assists developers and investors on this front.

    “Branded residences and rental pools allow developers to pre-sell units—whether villas or condo-style apartments—while retaining them under a hotel management structure, easing both equity requirements and long-term debt burden.

    “It also gives investors the chance to monetize their assets while benefiting from a global brand, unified reservation system, and professional management. For interested investors, we’re always happy to explore these models further after the session. They’ve proven to be a powerful tool, especially when paired with our operational scale and strong visibility in key source markets,” says Mundra.

    Wyndham’s “Wyndham Green” programme also provides a practical roadmap for hotels to achieve sustainability goals, graded across five levels covering energy use, waste reduction, sourcing, and community engagement. This approach aligns with the growing traveller demand for eco-conscious stays, particularly among younger generations, and supports Mauritius’s ambition to become a global benchmark in sustainable hospitality.

    Predictions and growth outlook for the next five years

    Industry leaders foresee a transformative shift in Mauritius’s hospitality sector over the next five years. Sustainable practices will evolve from optional enhancements to mandatory standards for new developments. Eco-certification, digital enablement, and environmental resilience will become prerequisites for new resorts, with guests expecting authentic cultural connections alongside eco-efficiency.

    Aleph Hospitality’s expertise in tailored management solutions offers local entrepreneurs and investors opportunities to optimize operations, improve service quality, and attract international brands and investors through strategic partnerships. This collaborative approach can enhance return on investment from project inception through to exit phases.

    Marriott International, one of the world’s largest hotel companies, has also reaffirmed its commitment to Mauritius, highlighting the island’s rich natural landscapes, cultural heritage, and world-class hospitality.

    Says Jugal Khushalani, the Senior Director of Development for Sub-Saharan Africa at Marriott International: “The destination offers a resilient, high-value tourism offering that has evolved in terms of experience, accessibility, and infrastructure.  It also caters to the rising demand for experiential travel with enhanced luxury offerings, wellness experiences and environmentally conscious initiatives.”

    Marriott International sees strong potential to expand its hotel portfolio in support of Mauritius’s resilient, high-value tourism economy.

    Equally bullish about Mauritius is Radisson Hotel Group, which has reaffirmed its commitment to expanding in the Indian Ocean, building on its strong presence in Mauritius.

    “Mauritius is setting the tone for sustainable hospitality in the region,” says Ramsay Rankoussi, Vice President of Development, Radisson Hotel Group, a major international hospitality company.

    “There’s a clear opportunity to lead with eco-certified hotels, community-integrated experiences, and smart resort design – and we’re eager to be part but also to lead that journey. There’s growing demand from conscious travellers for resorts that integrate environmental stewardship with authentic local experiences which we have made our priority in all the hotels we operate on the island and globally,” says Rankoussi.

    The Radisson Hotel Group is committed to net-zero operations by 2050. The group is also seeking to consolidate its existing presence across Mauritius, Madagascar, Reunion and Maldives but also to eventually enter Seychelles – aiming to bring its diverse portfolio of lifestyle, upper upscale, and eco-conscious brands to more of the region.

    Government and industry collaboration for sustainable tourism

    Mauritius’s government programme for 2025-2029 places eco-tourism at its core, reinforcing the island’s strategic focus on sustainable development. The Tourism Authority’s ongoing initiatives include banning single-use plastics, promoting renewable energy, encouraging local sourcing, and supporting eco-label certifications for hotels, such as Green Globe, held by prominent resorts. These efforts not only reduce the environmental footprint but also enhance the island’s appeal as a responsible travel destination.

    Distributed by APO Group on behalf of API Events.

    Distributed by API Events:
    API Mauritius & Indian Ocean’s Forum enquires: 
    Murray Anderson-Ogle
    Murray@apievents.com
    +27 71 890 77 39
    Website: https://apo-opa.co/4e7j4qY

    About the 3rd annual API Mauritius & Indian Ocean Property Investment Forum:
    The API Mauritius & Indian Ocean Property Investment Forum is an annual event that brings together investors, developers, operators, and government representatives to explore property investment opportunities linked to the tourism and hospitality sectors.  The forum will take place on 26 June at the InterContinental Resort in Mauritius. The forum will highlight Mauritius’s position as a strategic gateway for sustainable tourism development and investment in the Indian Ocean region.

    For more information and to register visit https://apo-opa.co/3SRrmtc

    MIL OSI Africa –

    June 13, 2025
  • MIL-OSI China: AIIB to host 10th annual meeting in Beijing

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

    The Asian Infrastructure Investment Bank (AIIB) will convene its 10th Annual Meeting of the Board of Governors in Beijing from June 24 to 26, with over 3,500 participants from nearly 100 countries and regions expected to attend, Vice President and Corporate Secretary Ludger Schuknecht announced at a recent media briefing.

    Founded in 2016, the Beijing-headquartered multilateral development bank has expanded from 57 to 110 members – representing 81% of the world’s population and 65% of global GDP – while maintaining highest credit ratings from three major rating institutions.

    The bank has approved $60 billion in financing across 318 projects, mobilizing over $200 billion in infrastructure investments.

    Apart from launching a series of events to celebrate a decade of impact, the meeting will convene members, partners, business leaders, and international organizations, as well as global experts from a variety of fields, to engage in discussions, collaborations, and forward-looking dialogue.

    With the theme of “Connecting for Development, Collaborating for Prosperity,” the event will address topics including interconnectivity and regional collaboration, green financing, private capital mobilization, digital transformation, and partnership building in its 17 public forums.

    MIL OSI China News –

    June 13, 2025
  • MIL-OSI China: Suzhou Industrial Park provides fertile ground for innovation

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

    More than 30 years ago, Suzhou Industrial Park (SIP) was just a stretch of low-lying paddy fields on the outskirts of Suzhou, eastern China’s Jiangsu province. Today, towering skyscrapers and modern infrastructure define the skyline of what has become a fertile ground for innovation and entrepreneurship. 

    This combo photo shows a blueprint of the Suzhou Industrial Park drawn in 1994 (top) and an aerial view of the industrial park (bottom) in 2024. [Photo provided to China.org.cn]

    The transformation began in the spring of 1994, when SIP was launched as the first cooperation project between the Chinese and Singaporean governments, aiming to build a world-class industrial zone.

    For three decades, SIP has centered its growth strategy on openness and innovation. In 2024, the park’s GDP reached 400.2 billion yuan (US$55.68 billion), making up nearly one sixth of the entire city’s GDP. Its R&D intensity reached 5.61% this year, among the highest in China’s economic and technological development zones.

    “Opening-up and innovation are the park’s greatest feature,” said Liu Hua, vice chairperson of the Administrative Committee of SIP, during an interview on Wednesday.

    Much of SIP’s growth has been driven by its efforts of supporting enterprises as the main players in its innovative development. The park channels resources to help them launch businesses, tackle technological challenges, and unlock new creative potential.

    So far, SIP is home to more than 10,000 technology companies and over 3,000 national high-tech enterprises. It has also cultivated more than 4,600 small and medium-sized tech firms. 

    “We provide efficient services and support to companies, achieving win-win results through cooperation,” Liu said. She added that SIP has accelerated the development of a modern industrial system centered on artificial intelligence, digital industries, and next-generation information technologies.

    AISpeech is one such company that came to SIP to develop conversational artificial intelligence. Yu Kai, the firm’s co-founder and chief scientist, said Suzhou was the first national development zone in China to support AI development with dedicated policies.

    “Suzhou is very active in attracting investment and boasts strong technological infrastructure,” Yu said. Even before he founded AISpeech in 2007, local officials had visited Cambridge University, where he earned his Ph.D. in engineering, to promote investment opportunities.

    “I chose to set up my company in SIP because Suzhou offers a solid foundation with its strategic planning, efficient governance, and clear support for technology industry policies,” he said.

    Today, AISpeech holds 1,597 intellectual property rights and has developed over 70 national and industry standards. Its clients include major automakers and tech firms such as Mercedes-Benz, BYD, Haier, and Xiaomi.

    Last year, the Yangtze River Delta Innovation Consortium in Language Computing, led by AISpeech, was selected as one of the first 12 Yangtze River Delta innovation consortiums.

    “Through this consortium, companies and institutions work together to accelerate breakthroughs in key technologies and applications,” Yu said. “It will play a key role in advancing the development and application of language intelligence technologies in China.”

    MIL OSI China News –

    June 13, 2025
  • China tells G7 to stop ‘manipulating’ China issues for its own agenda

    Source: Government of India

    Source: Government of India (4)

    China warned the Group of Seven advanced economies on Friday against “manipulating” issues related to the world’s second-largest economy for their own agenda, after they accused Beijing of unfair business practices a year earlier.

    Beijing’s criticism of the G7 and what it represents comes amid a surge in global trade tension between the United States and China this year, as well as within the bloc’s membership.

    In remarks ahead of a three-day G7 summit in Canada set to start from Sunday, Lin Jian, a spokesperson of the Chinese foreign ministry, accused the group of having always upheld a Cold War mentality.

    The bloc should “stop interfering in other countries’ internal affairs, stop undermining other countries’ development, (and) stop manipulating issues related to China,” Lin told a regular news conference.

    The G7 provokes conflicts and confrontations, said Lin, adding that such practices were “doomed to fail”.

    In the communique after its 2024 summit in Italy that mentioned China more than 20 times, the G7 said its companies needed to be protected from China’s unfair business practices.

    It also warned of action against Chinese financial institutions that helped Russia obtain weapons for its war in Ukraine.

    The participation of countries beyond the grouping, such as India and Brazil, in last year’s event also irked China, which viewed the move as a bid to sow discord among countries of the Global South.

    New leaders will represent five of the G7’s members – Britain, Canada, Germany, Japan and the United States – at next week’s summit.

    (Reuters)

    June 13, 2025
  • MIL-OSI: Bitget Sponsors The Inaugural Crypto Jazz Festival at Montreux

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is proud to announce its participation as main partner of the inaugural Crypto Jazz Festival, set to take place from July 9 to 12, 2025. This groundbreaking new event is an integral part of the globally renowned Montreux Jazz Festival, the world’s second-largest jazz festival, which annually draws over 250,000 attendees. Bitget’s participation represents a unique opportunity to bridge the innovative, and decentralized nature of cryptocurrencies with the rich heritage, artistic excellence, and global appeal of the Montreux Jazz Festival.

    Created in 1967 by Claude Nobs and directed by Mathieu Jaton since 2013, the Montreux Jazz Festival has consistently evolved, generating fantastic stories and legendary performances. Each year, the festival expands its offerings, introducing new experiences to keep pace with evolving trends and audience requests. This year marks the exciting launch of the Crypto Jazz Festival, opening its doors to over 25,000 crypto enthusiasts with completely free access, and featuring panels and special events that fuse pioneering technology with the vibrant pulse of live music.

    “On this first edition, we’re particularly excited to partner with Bitget,” said Yannick Fattebert, Co-Founder of the Crypto Jazz Festival. “Our vision for the Crypto Jazz Festival has always been to open up the world of jazz to new audiences, much like the promise of crypto is to open up finance for everyone. Together, we’re not just creating unforgettable melodies; we’re building bridges to a more inclusive and accessible future for all.”

    Bitget is proud to join this iconic celebration, forging a unique partnership that resonates with the festival’s spirit of pioneering vision and global community. Just as jazz pushes boundaries and evolves with each performance, the world of cryptocurrency is reshaping financial landscapes, offering new rhythms of possibility.

    “Montreux is more than just a festival; it’s a global gathering where music lovers connect, share experiences, and celebrate their shared passion,” said Vugar Usi Zade, COO of Bitget. “This sense of community mirrors the ethos of Bitget, where we strive to build a connected, informed, and empowered community of users who share a vision for a more open financial future. We believe that true value is created when people come together.”

    Bitget is leveraging this event to strengthen its bond with its community, offering several exclusive benefits to users. This includes the chance to win tickets to access exclusive concerts, allowing winners to choose from a wide array of renowned artists, including Lionel Richie, Diana Ross, and Raye. Additionally, Whale VIP tickets offering ultra-exclusive access, along with dinner passes and closing party accesses, are among the potential prizes. More information on this exciting initiative can be found here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. It is serving over 100 million users in 150+ countries and regions. It aims to helping users trade smarter with its pioneering copy trading feature and other trading solutions. At the same time, it offers real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

    Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet. It offers an array of comprehensive Web3 solutions and features, including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55aaf642-cb45-4fec-9776-f4670e05c3dd

    The MIL Network –

    June 13, 2025
  • MIL-OSI Economics: Basel Committee publishes framework for voluntary disclosure of climate-related financial risks

    Source: Bank for International Settlements

    • The Basel Committee has published a voluntary framework for disclosing climate-related financial risks for jurisdictions to consider.
    • The framework incorporates flexibility to account for evolving climate-related data.
    • The Committee will monitor relevant developments, including implementation of other reporting frameworks and disclosure practices by internationally active banks.

    The Basel Committee on Banking Supervision has published today its voluntary framework for the disclosure of climate-related financial risks, which includes both qualitative and quantitative information. The Committee has agreed this framework will be voluntary in nature, with jurisdictions to consider whether to implement it domestically.

    The Committee acknowledges that the accuracy, consistency and quality of climate-related data are evolving, and therefore it is necessary to incorporate a reasonable level of flexibility into the final framework. The Committee also recognises that multiple quantitative metrics and qualitative information may be needed to form a comprehensive picture of banks’ exposure to climate-related financial risks. Users need to consider the disclosures holistically, understanding the strengths and shortcomings of the disclosed information.

    The Committee will monitor relevant developments, including implementation of other reporting frameworks and disclosure practices by internationally active banks in member jurisdictions, and consider whether any revisions to the framework would be warranted in future.


    Note to editors: 

    The Basel Committee is the primary global standard setter for the prudential regulation of banks and provides a forum for cooperation on banking supervisory matters. Its mandate is to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. The Committee reports to the Group of Central Bank Governors and Heads of Supervision and seeks its endorsement for major decisions. The Committee has no formal supranational authority, and its decisions have no legal force. Rather, the Committee relies on its members’ commitments to achieve its mandate. The Group of Central Bank Governors and Heads of Supervision is chaired by Tiff Macklem, Governor of the Bank of Canada. The Basel Committee is chaired by Erik Thedéen, Governor of Sveriges Riksbank. 

    More information about the Basel Committee is available here.

    MIL OSI Economics –

    June 13, 2025
  • MIL-Evening Report: Greta Thunberg tried to shame Western leaders – and found they have no shame

    ANALYSIS: By Jonathan Cook in Middle East Eye

    If you imagined Western politicians and media were finally showing signs of waking up to Israel’s genocide in Gaza, think again.

    Even the decision this week by several Western states, led by the UK, to ban the entry of Bezalel Smotrich and Itamar Ben Gvir, two far-right Israeli cabinet ministers, is not quite the pushback it is meant to seem.

    Britain, Australia, Canada, New Zealand and Norway may be seeking strength in numbers to withstand retaliation from Israel and the United States. But in truth, they have selected the most limited and symbolic of all the possible sanctions they could have imposed on the Israeli government.

    Their meagre action is motivated solely out of desperation. They urgently need to deter Israel from carrying through plans to formally annex the Occupied West Bank and thereby tear away the last remnants of the two-state comfort blanket — the West’s solitary pretext for decades of inaction.

    And as a bonus, the entry ban makes Britain and the others look like they are getting tough with Israel on Gaza, even as they do nothing to stop the mounting horrors there.

    Even the Israeli Ha’aretz newspaper’s senior columnist Gideon Levy mocked what he called a “tiny, ridiculous step” by the UK and others, saying it would make no difference to the slaughter in Gaza. He called for sanctions against “Israel in its entirety”.

    “Do they really believe this punishment will have some sort of effect on Israel’s moves?” Levy asked incredulously.

    2500 sanctions on Russia
    Remember as Britain raps two cabinet ministers on the knuckles that the West has imposed more than 2500 sanctions on Russia.

    While David Lammy, the UK’s Foreign Secretary, worries about the future of a non-existent diplomatic process — one trashed by Israel two decades ago — Palestinian children are still starving to death unseen.

    The genocide is not going to end unless the West forces Israel to stop. This week more than 40 Israeli military intelligence officers went on an effective strike, refusing to be involved in combat operations, saying Israel was waging a “clearly illegal” and “eternal war” in Gaza.

    Yet Starmer and Lammy will not even concede that Israel has violated international law.  

    What is clear is that British Prime Minister Keir Starmer’s sighs of regret last month — expressing how “intolerable” he finds the “situation” in Gaza — were purely performative.

    Starmer and the rest of the Western establishment have continued tolerating what they claim to find “intolerable”, even as the death toll from Israel’s bombs, gunfire and starvation campaign grow day by day.

    Those emaciated children — profoundly malnourished, their stick-then legs covered by the thinnest membrane of skin — aren’t going to recover without meaningful intervention. Their condition won’t stabilise while Israel deprives them of food day after day. Sooner or later they will die, mostly out of our view.

    Parents must risk lives
    Meanwhile, desperate parents must now risk their lives, forced to run the gauntlet of Israeli gunfire, in a — usually forlorn — bid to be among the handful of families able to grab paltry supplies of largely unusable, dried food. Most families have no water or fuel to cook with.

    As if mocking Palestinians, the Western media continue to refer to this real-life, scaled-up Hunger Games — imposed by Israel in place of the long-established United Nations relief system — as “aid distribution”.

    We are supposed to believe it is addressing Gaza’s “humanitarian crisis” even as it deepens the crisis.

    On the kindest analysis, Western capitals are settling back into a mix of silence and deflections, having got in their excuses just before Israel crosses the finishing line of its genocide.

    They have readied their alibis for the moment when international journalists are allowed in — the day after the population of Gaza has either been exterminated or violently herded into neighbouring Sinai.

    Or more likely, a bit of both.

    Truth inverted
    What distinguishes Israel’s ongoing slaughter of the two million-plus people of Gaza is this. It is the first stage-managed genocide in history. It is a Holocaust rewritten as public theatre, a spectacle in which every truth is carefully inverted.

    That can best be achieved, of course, if those trying to write a different, honest script are eliminated. The extent and authorship of the horrors can be edited out, or obscured through a series of red herrings, misdirecting onlookers.

    Israel has murdered more than 220 Palestinian journalists in Gaza over the past 20 months, and has been keeping Western journalists far from the killing fields.

    Like the West’s politicians, the foreign correspondents finally piped up last month — in their case, to protest at being barred from Gaza. No less than the politicians, they were keen to ready their excuses.

    They have careers and their future credibility to think about, after all.

    The journalists have publicly worried that they are being excluded because Israel has something to hide. As though Israel had nothing to hide in the preceding 20 months, when those same journalists docilely accepted their exclusion — and invariably regurgitated Israel’s deceitful spin on its atrocities.

    If you imagine that the reporting from Gaza would have been much different had the BBC, CNN, The Guardian or The New York Times had reporters on the ground, think again.

    The truth is the coverage would have looked much as it has done for more than a year and a half, with Israel dictating the story lines, with Israel’s denials foregrounded, with Israel’s claims of Hamas “terrorists” in every hospital, school, bakery, university, and refugee camp used to justify the destruction and slaughter.

    British doctors volunteering in Gaza who have told us there were no Hamas fighters in the hospitals they worked in, or anyone armed apart from the Israeli soldiers that shot up their medical facilities, would not be more believed because Jeremy Bowen interviewed them in Khan Younis rather than Richard Madeley in a London studio.

    Breaking the blockade
    If proof of that was needed, it came this week with the coverage of Israel’s brazen act of piracy against a UK-flagged ship, the Madleen, trying to break Israel’s genocidal aid blockade.

    Israel’s law-breaking did not happen this time in sealed-off Gaza, or against dehumanised Palestinians.

    Israel’s slaughter of the two million-plus people of Gaza is the first stage-managed genocide in history. It is a Holocaust rewritten as public theatre

    Israel’s ramming and seizure of the vessel took place on the high seas, and targeted a 12-member Western crew, including the famed young Swedish climate activist Greta Thunberg. All were abducted and taken to Israel.

    Thunberg was trying to use her celebrity to draw attention to Israel’s illegal, genocidal blockade of aid. She did so precisely by trying to break that blockade peacefully.

    The defiance of the Madleen’s crew in sailing to Gaza was intended to shame Western governments that are under a legal — and it goes without saying, moral — obligation to stop a genocide under the provisions of the 1948 Genocide Convention they have ratified.

    Western citizens wring hands
    Western capitals have been ostentatiously wringing their hands at the “humanitarian crisis” of Israel starving two million people in full view of the world.

    The Madleen’s mission was to emphasise that those states could do much more than tell two Israeli cabinet ministers they are not welcome to visit. Together they could break the blockade, if they so wished.

    Britain, France and Canada — all of whom claimed last month that the “situation” in Gaza was “intolerable” — could organise a joint naval fleet carrying aid to Gaza through international waters. They would arrive in Palestinian territorial waters off the coast of Gaza.

    At no point would they be in Israel territory.

    Any attempt by Israel to interfere would be an act of war against these three states — and against Nato. The reality is Israel would be forced to pull back and allow the aid in.

    But, of course, this scenario is pure fantasy. Britain, France and Canada have no intention of breaking Israel’s “intolerable” siege of Gaza.

    None of them has any intention of doing anything but watch Israel starve the population to death, then describe it as a “humanitarian catastrophe” they were unable to stop.

    The Madleen has preemptively denied them this manoeuvre and highlighted Western leaders’ actual support for genocide — as well as let the people of Gaza know that a majority of the Western public oppose their governments’ collusion in Israel’s criminality.

    ‘Selfie yacht’
    The voyage was intended too as a vigorous nudge to awaken those in the West still slumbering through the genocide. Which is precisely why the Madleen’s message had to be smothered with spin, carefully prepared by Israel.

    The Israeli Foreign Ministry issued statements calling the aid ship a “celebrity selfie yacht“, while dismissing its action as a “public relations stunt” and “provocation”. Israeli officials portrayed Thunberg as a “narcissist” and “antisemite”.

    When Israeli soldiers illegally boarded the ship, they filmed themselves trying to hand out sandwiches to the crew — an actual stunt that should appall anyone mindful that, while Israel was concern-trolling Western publics about the nutritional needs of the Madleen crew, it was also starving two million Palestinians to death, half of them children.

    Did the British government, whose vessel was rammed and invaded in international waters, angrily protest the attack? Did the reliably patriotic British media rally against this humiliating violation of UK sovereignty?

    No, Starmer and Lammy once again had nothing to say on the matter.

    They have yet to concede that Israel is even breaking international law in denying the people of Gaza all food and water for more than three months, let alone acknowledge that this actually constitutes genocide.

    Instead, Lammy’s officials — 300 of whom have protested against the UK’s continuing collusion in Israeli atrocities — have been told to resign rather than raise objections rooted in international law.

    Bypass legal advisers
    According to sources within the Foreign Office cited by former British ambassador Craig Murray, Lammy has also insisted that any statements relating to the Madleen bypass the government’s legal advisers.

    Why? To allow Lammy plausible deniability as he evades Britain’s legal obligation to respond to Israel’s assault on a vessel sailing under UK protection.

    The media, meanwhile, has played its own part in whitewashing this flagrant crime — one that has taken place in full view, not hidden away in Gaza’s conveniently engineered “fog of war”.

    Much of the press adopted the term “selfie yacht” as if it were their own. As though Thunberg and the rest of the crew were pleasure-seekers promoting their social media platforms rather than risking their lives taking on the might of a genocidal Israeli military.

    They had good reason to be fearful. After all, the Israeli military shot dead 10 of their predecessors — activists on the Mavi Marmara aid ship to Gaza — 15 years ago. Israel has killed in cold blood American citizens such as Rachel Corrie, British citizens such as Tom Hurndall, and acclaimed journalists such as Shireen Abu Akleh.

    And for those with longer memories, the Israeli air force killed more than 30 American servicemen in a two-hour attack in 1967 on the USS Liberty, and wounded 170 more. The anniversary of that crime — covered up by every US administration — was commemorated by its survivors the day before the attack on the Madleen.

    ‘Detained’, not abducted
    Israel’s trivialising smears of the Madleen crew were echoed uncritically from Sky News and The Telegraph to LBC and Piers Morgan. 

    Strangely, journalists who had barely acknowledged the tsunami of selfies taken by Israeli soldiers glorifying their war crimes on social media were keenly attuned to a supposed narcissistic, selfie culture rampant among human-rights activists.

    As Thunberg headed back to Europe on Tuesday, the media continued with its assault on the English language and common sense. They reported that she had been “deported” from Israel, as though she had smuggled herself into Israel illegally rather than being been forcibly dragged there by the Israeli military.

    But even the so-called “serious” media buried the significance both of the Madleen’s voyage to Gaza and of Israel’s lawbreaking. From The Guardian and BBC to The New York Times and CBS, Israel’s criminal attack was characterised as the aid ship being “intercepted” or “diverted”, and of Israel “taking control” of the vessel.

    For the Western media, Thunberg was “detained”, not abducted.

    The framing was straight out of Tel Aviv. It was a preposterous narrative in which Israel was presented as taking actions necessary to restore order in a situation of dangerous rule-breaking and anarchy by activists on a futile and pointless excursion to Gaza.

    The coverage was so uniform not because it related to any kind of reality, but because it was pure propaganda — narrative spin that served not only Israel’s interests but that of a Western political and media class deeply implicated in Israel’s genocide.

    Arming criminals
    In another glaring example of this collusion, the Western media chose to almost immediately bury what should have been explosive comments last week from Israeli Prime Minister Benjamin Netanyahu.

    He admitted that Israel has been arming and cultivating close ties with criminal gangs in Gaza.

    He was responding to remarks from Avigdor Lieberman, a former political ally turned rival, that some of those assisted by Israel are affiliated to the jihadist group Islamic State. The most prominent is named Yasser Abu Shabab.

    The Western media either ignored this revelation or dutifully accepted Netanyahu’s self-serving characterisation of these ties as an alliance of convenience: one designed to weaken Hamas by promoting “rival local forces” and opening up new “post-war governing opportunities”.

    The real aim — or rather, two aims: one immediate, the other long term — are far more cynical and disturbing.

    More than six months ago, Palestinian analysts and the Israeli media began warning that Israel — after it had destroyed Gaza’s ruling institutions, including its police force – was working hand in hand with newly reinvigorated criminal gangs.

    Israel’s immediate aim of arming the criminals — turning them into powerful militias — was to intensify the breakdown of law and order. That served as the prelude to a double-barrelled Israeli disinformation campaign.

    Instead of the UN’s trusted and wide distribution network across Gaza, the GHF’s four “aid hubs” were perfectly designed to advance Israel’s genocidal goals

    Prime looting position
    These gangs were put in a prime position to loot food from the United Nations’ long-established aid distribution system and sell it on the black market. The looting helped Israel falsely claim both that Hamas was stealing aid from the UN and that the international body had proven itself unfit to run humanitarian operations in Gaza.

    Israel and the US then set about creating a mercenary front group — misleadingly called the Gaza Humanitarian Foundation — to run a sham replacement operation.

    Instead of the UN’s trusted and wide distribution network across Gaza, the GHF’s four “aid hubs” were perfectly designed to advance Israel’s genocidal goals.

    They are located in a narrow strip of territory next to the border with Egypt. Palestinians are forced to ethnically cleanse themselves into a tiny area of Gaza — if they are to stand any hope of eating — in preparation for their expulsion into Sinai.

    They have been herded into a massively congested area without the space or facilities to cope, where the spread of disease is guaranteed, and where they can be more easily massacred by Israeli bombs.

    An increasingly malnourished population must walk long distances and wait in massive crowds in the heat in the hope of small handouts of food. It is a situation engineered to heighten tensions, and lead to chaos and fighting.

    All of which provide an ideal pretext for Israeli soldiers to halt “aid distribution” pre-emptively in the interests of “public safety” and shoot into the crowds to “neutralise threats”, as has happened to lethal effect day after day.

    Repeated ‘aid hub’ massacres
    The repeated massacres at these “aid hubs” mean that the most vulnerable — those most in need of aid — have been frightened off, leaving gang members like Abu Shabab’s to enjoy the spoils.

    On Wednesday, Israel massacred at least 60 Palestinians, most of them seeking food, in what has already become normalised, a daily ritual of bloodletting that is already barely making headlines.

    And to add insult to injury, Israel has misrepresented its own drone footage of the very criminal gangs it arms, looting aid from trucks and shooting Palestinian aid-seekers as supposed evidence of Hamas stealing food and of the need for Israel to control aid distribution.

    All of this is so utterly transparent, and repugnant, it is simply astonishing it has not been at the forefront of Western coverage as politicians and media worry about how “intolerable the situation” in Gaza has become.

    Instead, the media has largely taken it as read that Hamas “steals aid”. The media has indulged an entirely bogus Israeli-fuelled debate about the need for aid distribution “reform”.

    And the media has equivocated about whether it is Israeli soldiers shooting dead those seeking aid.

    Of course, the media has refused to draw the only reasonable conclusion from all of this: that Israel is simply exploiting the chaos it has created to buy time for its starvation campaign to kill more Palestinians.

    Calibrated warlordism
    But there is much more at stake. Israel is fattening up these criminal gangs for a grander, future role in what used to be termed the “day after” — until it became all too clear that the period in question would follow the completion of Israel’s genocide.

    It comes as no surprise to any Palestinian to hear confirmation from Netanyahu that Israel has been arming criminal gangs in Gaza, even those with affiliations to Islamic State.

    It should not surprise any journalist who has spent serious time, as I have, living in a Palestinian community and studying Israel’s colonial control mechanisms over Palestinian society.

    For years, Israel’s ultimate vision for the Palestinians – if they cannot be entirely expelled from their historic homeland – has been of carefully calibrated warlordism

    Palestinian academics have understood for at least two decades — long before Hamas’ lethal one-day break-out from Gaza on 7 October 2023 — why Israel has invested so much of its energy in dismantling bit by bit the institutions of Palestinian national identity in the occupied West Bank and East Jerusalem.

    The goal, they have been telling me and anyone else who would listen, was to leave Palestinian society so hollowed out, so crushed by the rule of feuding criminal gangs, that statehood would become inconceivable.

    As the Palestinian political analyst Muhammad Shehada observes of what is taking place in Gaza: “Israel is NOT using [the gangs] to go after Hamas, they’re using them to destroy Gaza itself from the inside.”

    For years, Israel’s ultimate vision for the Palestinians — if they cannot be entirely expelled from their historic homeland — has been of carefully calibrated warlordism. Israel would arm a series of criminal families in their geographic heartlands.

    Each would have enough light arms to terrorise their local populations into submission, and fight neighbouring families to define the extent of their fiefdom.

    None would have the military power to take on Israel. Instead they would have to compete for Israel’s favour — treating it like some inflated Godfather —  in the hope of securing an advantage over rivals.

    In this vision, the Palestinians — one of the most educated populations in the Middle East – are to be driven into a permanent state of civil war and “survival of the fittest” politics. Israel’s ambition is to eviscerate Palestinian social cohesion as effectively as it has bombed Gaza’s cities “into the Stone Age”.

    Divinely blessed
    This is a simple story, one that should be all too familiar to European publics if they were educated in their own histories.

    For centuries, Europeans spread outwards — driven by a supremacist zealotry and a desire for material gain — to conquer the lands of others, to steal resources, and to subordinate, expel and exterminate the natives that stood in their way.

    The native people were always dehumanised. They were always barbarians, “human animals”, even as we — the members of a supposedly superior civilisation — butchered them, starved them, levelled their homes, destroyed their crops.

    Our mission of conquest and extermination was always divinely blessed. Our success in eradicating native peoples, our efficiency in killing them, was always proof of our moral superiority.

    We were always the victims, even while we humiliated, tortured and raped. We were always on the side of righteousness.

    Israel has simply carried this tradition into the modern era. It has held a mirror up to us and shown that, despite all our grandstanding about human rights, nothing has really changed.

    There are a few, like Greta Thunberg and the crew of the Madleen, ready to show by example that we can break with the past. We can refuse to dehumanise. We can refuse to collude in industrial savagery. We can refuse to give our consent through silence and inaction.

    But first we must stop listening to the siren calls of our political leaders and the billionaire-owned media. Only then might we learn what it means to be human.

    Jonathan Cook is a writer, journalist and self-appointed media critic and author of many books about Palestine. Winner of the Martha Gellhorn Special Prize for Journalism. Republished from the author’s blog with permission.

    MIL OSI Analysis – EveningReport.nz –

    June 13, 2025
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