Category: Business

MIL-OSI China: China to enhance review, approval of rare-earth export license applications: Commerce ministry

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

An undated file phto shows the entrance to China’s Ministry of Commerce in Beijing. [Photo/Xinhua]

China will continue to enhance its review and approval of compliant export license applications for rare-earth-related items, a spokesperson for the country’s Ministry of Commerce said on Thursday.

Spokesperson He Yadong made the remarks at a regular press briefing when answering a relevant question.

In accordance with laws and regulations, China has reviewed and approved a certain number of export license applications for rare-earth-related items, taking the reasonable demands and concerns of various countries for the civilian purposes fully into account, He said.

Rare-earth-related items have dual-use attributes, with both military and civilian purposes, the spokesperson stressed, noting that imposing export controls on such items is in line with international practices.

China will continue enhancing its review of compliant applications, and is ready to enhance communication and dialogue on export controls with relevant countries to facilitate compliant trade, the spokesperson said.

MIL OSI China News –

June 13, 2025
MIL-OSI China: China-Africa expo opens with focus on economic ties, new deals

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

A file photo taken on May 9, 2024 shows a view of the China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 in Nairobi, Kenya. [Photo/Xinhua]

The fourth China-Africa Economic and Trade Expo opened on Thursday in the central Chinese city of Changsha, highlighting the commitment of the world’s largest developing country to strengthening ties with Africa, the continent with the largest number of developing nations.

Nearly 4,700 Chinese and African companies as well as over 30,000 participants will attend the four-day event, themed “China and Africa: Together Toward Modernization.” The value of cooperation projects preliminarily agreed upon surpasses 11 billion U.S. dollars, according to organizers.

Chinese Foreign Minister Wang Yi attended the opening ceremony on Thursday, expressing the belief that the expo will create more opportunities for China-Africa cooperation and yield more results.

“No matter how the international landscape may change, China will always stand firmly with Africa, offering strong support for the continent’s modernization and serving as a true friend and sincere brother in Africa’s journey toward development,” said Wang, who is also a member of the Political Bureau of the Communist Party of China Central Committee.

Ugandan Prime Minister Robinah Nabbanja, Liberian Vice President Jeremiah Kpan Koung and Kenyan Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi also attended the opening ceremony.

Achieving modernization is a shared aspiration of the more than 2.8 billion people in China and Africa, and a key theme of a China-Africa community of a shared future, Wang said.

He said China will continue to carry out exchanges of governance experience with African countries and strengthen the synergy of development strategies between the two sides to fast-track the implementation of the ten partnership actions for modernization.

Wang pledged China’s efforts to further open up to Africa by signing more deals of economic partnerships and encouraging the import of more African goods.

China will also deepen practical cooperation to facilitate Africa’s industrialization and digital transformation, Wang added.

MIL OSI China News –

June 13, 2025
MIL-OSI China: China’s foreign trade shows resilience amid complex global environment: ministry

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

This aerial photo taken on March 13, 2023 shows a container terminal of Taicang Port, east China’s Jiangsu province. [Photo/Xinhua]

China’s Ministry of Commerce on Thursday said that the country’s foreign trade has demonstrated resilience and vitality so far this year despite a complex external environment, with growth recorded in both the scale and quality of trade in goods.

In the first five months of this year, China’s imports and exports with Belt and Road partner countries, ASEAN member states and Africa grew 4.2%, 9.1% and 12.4%, respectively, according to ministry spokesperson He Yadong.

These figures show that China’s trade network is becoming increasingly diverse, with emerging markets driving incremental growth, He said at a regular press briefing.

The country’s high-tech and high-value-added products have become more competitive, with exports of electromechanical products rising 9.3% in the first five months of the year, accounting for 60% of China’s total exports.

During the same period, imports and exports by private enterprises grew 7%, accounting for 57.1% of China’s total foreign trade.

In the face of a complex and volatile external environment, China will steadfastly expand its high-standard opening-up and address the uncertainty of drastic changes in the external environment with the certainty of its own high-quality development, the spokesperson said.

China looks forward to working with more trade partners to address risks and challenges, and to promote mutually beneficial cooperation, he added.

MIL OSI China News –

June 13, 2025
MIL-OSI China: China urges US to adhere to WTO rules, work with China to promote trade relations

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

A file photo shows the national flags of China (R) and the United States as well as the flag of Washington D.C. on the Constitution Avenue in Washington, capital of the United States. [Photo/Xinhua]

China has urged the United States to adhere to World Trade Organization (WTO) rules and work with China, based on the principles of mutual respect, peaceful coexistence, and win-win cooperation, to jointly promote the stable and sustainable development of China-U.S. economic and trade relations, a spokesperson with the Ministry of Commerce said Thursday.

Spokesperson He Yadong made the remarks at a regular press briefing while answering a relevant question, noting that China’s position against unilateral tariff increases is consistent.

He said that from June 9 to 10, the economic and trade teams of China and the United States held the first meeting of the China-U.S. economic and trade consultation mechanism in London.

The two sides reached principled agreement on implementing the important consensus reached by the two heads of state during their phone call on June 5 and the framework of measures to consolidate the outcomes of the economic and trade talks in Geneva, and made new progress in addressing each other’s economic and trade concerns.

Next, the two sides will make better use of the China-U.S. economic and trade consultation mechanism, maintain communication and dialogue, enhance consensus, reduce misunderstanding, and strengthen cooperation to jointly promote the stable and long-term development of China-U.S. economic and trade relations, He said.

MIL OSI China News –

June 13, 2025
MIL-OSI Asia-Pac: Speech by FS at Reception in Celebration of 127th Anniversary of Proclamation of Philippine Independence (English only)

Source: Hong Kong Government special administrative region

Speech by FS at Reception in Celebration of 127th Anniversary of Proclamation of Philippine Independence (English only)
Good evening. It is a great pleasure to join you tonight in celebrating the 127th anniversary of the Republic of the Philippines’ proclamation of independence.

Let me take this opportunity to extend a formal and warm welcome to Consul General Israel, who assumed his new post in Hong Kong this April. With your extensive diplomatic career in the Philippines and abroad, I am confident that your experience and insight will further help strengthen the close ties between Hong Kong and the Philippines.
Tourism is a shining example. Last year, we welcomed nearly 1.2 million visitors from the Philippines, a remarkable increase of over 55 per cent compared to 2023. This positive momentum has continued, with over 550 000 Filipino visitors arriving in the first five months of this year, representing a 27 per cent year-on-year growth.

Our trade relationship remains robust. Hong Kong plays a vital role as a gateway for China’s exports to the Philippines. Hong Kong is the Philippines’ fifth largest trading partner. Last year, our value of merchandise trade grew to HK$108 billion. Hong Kong handled around 13 per cent of the total merchandise trade between China and the Philippines.

Besides, I am pleased to note that we have started negotiations on a Comprehensive Avoidance of Double Taxation Agreement. I trust such an agreement will further simulate our bilateral trade and investments.

All these encouraging developments point to a future of even closer business ties and new opportunities for collaboration.

The Philippines stands out as one of the fastest-growing economies in ASEAN (Association of Southeast Asian Nations). I am pleased to learn that your Government is making proactive efforts to implement pro-business reforms to simplify company formation process, lower entry barriers and attract foreign businesses. These measures will facilitate trade and investments with your economic and trade partners. Meanwhile, more infrastructure flagship projects will bolster the economy, improve connectivity and make your country more attractive to businesses from abroad.

In an era marked by rising protectionism and increasing geopolitical uncertainty, globalisation is facing backlashes. Countries are seeking to diversify their export markets and development drivers. In this context, enhancing intra-regional trade and collaboration will be key to achieving sustainable growth. In this connection, we greatly appreciate the Philippines’ continued support for our accession to the Regional Comprehensive Economic Partnership (RCEP).

Under the “one country, two systems” arrangement, Hong Kong is a “super connector” and “super value-adder” between the Chinese Mainland and the rest of the world. We steadfastly uphold our free port status, with the free movement of goods, capital, information and talent. Our world-class transport and logistics infrastructure provides a perfect springboard for your country’s products and services to reach the Mainland, across North Asia, and beyond.

Now, given the policy uncertainties in the US and shifting global investment landscape, Hong Kong has emerged as a safe harbour for international capital. This is reflected by capital inflows and investors’ optimism. Our stock market has performed exceptionally well, rising by 20 per cent so far this year, on top of the 18 per cent increase last year. It is one of the top-performing markets globally.

With deep liquidity and a comprehensive suite of funding options, Hong Kong offers an ideal platform for Filipino enterprises to raise funds to support their business development. They can consider listing on our Stock Exchange, or connecting with angel investors, venture capital and private equity for collaboration.

For sure, Hong Kong has more to offer. You will find Hong Kong an ideal location to raise funds for quality infrastructure and green transition projects. Beyond traditional means, such as bond issuance, there are innovative financing models such as infrastructure loan securitisation, or catastrophe bonds, which are designed to share natural disaster risks with investors. Hong Kong has already issued seven catastrophe bonds, covering events from earthquakes to storms across Asia and the Americas.

In short, the potential for deeper co-operation between our two economies is vast and far-reaching.

Before I conclude, I would like to express my heartfelt appreciation to the more than 220 000 Filipino nationals in Hong Kong. They are an integral part of our community and have made invaluable contributions to the economic and social fabric of this city.

On behalf of the Hong Kong SAR Government, I extend my warmest congratulations to the people of the Philippines on your Independence Day. May the friendship between Hong Kong and the Philippines continue to flourish and prosper for years to come.

I wish you all a most enjoyable evening. Thank you very much.
Issued at HKT 19:30

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CategoriesMIL-OSI

MIL OSI Asia Pacific News –

June 13, 2025
MIL-OSI: LIS Technologies Inc. Appoints Former Deputy Administrator of the National Nuclear Security Administration Brent Park Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy
Source: GlobeNewswire (MIL-OSI)

Oak Ridge, Tennessee, June 12, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has appointed Brent Park, Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy.

“LIST’s technology arrives at a pivotal moment, as the United States accelerates efforts to build a secure, domestic nuclear‑fuel supply chain,” said Brent Park, Ph.D., Executive Director of Nuclear Security and Safeguards Policy of LIS Technologies Inc. “This proprietary technology can be a key step toward reducing reliance on foreign sources of enriched uranium and strengthening our national energy independence. I’m honored to join the Company and look forward to advising the leadership team as they advance the CRISLA technology from revival to commercialization.”

Brent is a nuclear physicist and a former government official with demonstrated leadership experience at Los Alamos National Laboratory (LANL), Nevada Test Site (NTS), and Oak Ridge National Laboratory (ORNL). Between 2018 and 2021, with Senate confirmation just 6 weeks after being nominated by President Donald J. Trump, Brent served as Deputy Administrator at the National Nuclear Security Administration (NNSA). He led Defense Nuclear Nonproliferation programs to support the nation’s efforts in nonproliferation treaties and international arms control, international nuclear security, safeguards, and export control policies. Prior to joining NNSA, Brent was Associate Laboratory Director at ORNL, leading the science-to-application efforts for national security programs. Research topics are wide-ranging, with particular focus on materials science and engineering, cybersecurity, high-performance computing and big data analytics, artificial intelligence, and nuclear science and engineering.

Figure 1 – LIS Technologies Inc. Appoints Brent Park, Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy.

Previously, Brent was the director of NNSA’s Remote Sensing Laboratory, where he led efforts to advance and field cutting-edge diagnostics and communications instruments in support of counterterrorism and radiological incident response for the nation. As the NNSA’s non-proliferation chief, he led efforts and engagements to prevent nuclear weapons proliferation and to reduce the threat of nuclear and radiological terrorism around the world. Earlier, Brent managed and contributed to basic and applied research programs at LANL in the areas of physics and engineering, modeling and analysis, and nuclear weapons physics and engineering in support of stockpile stewardship, as well as nuclear emergency response and nuclear facility operations. Brent earned a bachelor’s degree in physics and mathematics at Illinois State University and a master’s degree in physics with an emphasis on remote sensing at Indiana State University. Later he shifted the direction of his research to nuclear physics and earned a master’s degree at Indiana University. Brent performed a thesis experiment using the spallation neutron source at LANL and earned a PhD in physics at Ohio University. He held a prestigious Physics Division postdoctoral fellowship at LANL before becoming a technical staff member.

“Brent steps into this role with real enthusiasm, and we’re honored to welcome him to our team,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “A distinguished leader, public official, and scientist, he brings a depth of experience that will benefit the Company both now and well into the future. During his tenure at the NNSA, Brent worked with some of the most advanced nuclear technologies in the industry. Now, his decision to join LIST reflects the promise of our patented, proprietary and U.S.-based CRISLA technology and the dedication that has shaped our company’s growth.”

“Brent’s depth of experience and extensive network are a testament to his distinguished career, and it is a pleasure to welcome him to LIS Technologies,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “His technical expertise, combined with his longstanding relationships across key institutions, will be instrumental as we navigate complex licensing, regulatory and non-proliferation pathways and advance our CRISLA technology through testing, demonstration activities and eventually to commercialization.”

About LIS Technologies Inc.

LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

For more information please visit: LaserIsTech.com

For further information, please contact:
Email: info@laseristech.com
Telephone: 800-388-5492
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Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

Attachment
- LIS Technologies Inc.
The MIL Network –
June 13, 2025
MIL-OSI: Zinemx Establishes International Compliance Centers to Advance Global Compliance Framework

Source: GlobeNewswire (MIL-OSI)

DENVER, June 12, 2025 (GLOBE NEWSWIRE) — Amid the wave of regulatory changes in the cryptocurrency market, Zinemx Exchange recently announced new developments in its compliance initiatives. The platform has established compliance centers in several major markets and expanded its compliance team by over 100 members. Treating compliance as a top priority, Zinemx is actively building a more comprehensive compliance system to address the complexities of the global crypto landscape.

As many countries introduce new regulatory policies, compliance has become a critical pillar for the long-term development of crypto enterprises. Zinemx Exchange has responded swiftly to industry compliance trends by building a network of cross-border compliance centers and investing significant resources in human capital, technological support, and policy adaptation, thereby creating a widely adaptable compliance ecosystem.

Currently, Zinemx has completed the deployment of compliance centers in major markets such as the United States, establishing local compliance teams and data compliance monitoring networks. At the institutional level, Zinemx has built a robust compliance management system. Comprehensive identity verification processes, blockchain-native on-chain anti-money laundering monitoring tools, and AI-powered anti-scam systems have all significantly enhanced the global compliance capabilities of the platform.

Zinemx believes that globalization and localization are mutually reinforcing. The establishment of international compliance centers essentially represents an upgrade in local service capabilities. The platform plans to replicate its compliance center strategy in more markets, including Europe and Southeast Asia, by forming diversified teams specializing in policy analysis, compliance training, legal research, and data protection. This forward-looking and execution-driven compliance expansion strategy has become a key advantage for Zinemx in attracting global investors.

Looking ahead, Zinemx Exchange will continue to build a more robust compliance framework, working closely with international financial regulatory authorities to set new industry standards in compliant operations, investor protection, and market transparency. As crypto regulations become increasingly stringent, compliant crypto trading platforms will gain greater competitive advantages. Zinemx is steadily advancing its international market presence, committed to creating a compliant and secure crypto trading ecosystem.

Media Contact: support@zinemx.org

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b0352b3d-ea1b-49c9-8e78-742930b1b418

The MIL Network –

June 13, 2025
PM Modi, world leaders react after Air India plane with 242 on board crashes in Ahmedabad

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi has expressed deep shock over the Air India plane crash in Ahmedabad, describing the incident as “heartbreaking beyond words.”

“The tragedy in Ahmedabad has stunned and saddened us. It is heartbreaking beyond words. In this sad hour, my thoughts are with everyone affected by it. I have been in touch with ministers and authorities who are working to assist those affected,” PM Modi said in a post on X on Thursday.

An Air India plane headed to London with 242 people on board crashed minutes after taking off from Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday, airline and police officials said.

The Directorate General of Civil Aviation (DGCA) confirmed that the Boeing 787-8 aircraft, registered as VT-ANB, was operating Flight AI-171 to Gatwick Airport when it went down shortly after departure. The aircraft was carrying 2 pilots, 10 cabin crew members, and 230 passengers.

Finance Minister Nirmala Sitharaman also expressed her heartfelt condolences following the crash of an Air India aircraft near Ahmedabad Airport, which was carrying 242 people, including crew members.

“Distressed on hearing about the flight crash in Ahmedabad. My prayers are with all families and friends of those on board the flight,” said Sitharaman.

Commerce and Industry Minister Piyush Goyal said he was “deeply pained to learn about the plane crash in Ahmedabad.”

“I convey my deepest condolences to the families of those who have lost their loved ones. We stand firmly with those grieving and pray for the quick recovery of the injured. Om Shanti,” he posted.

Offering his condolences, UK Prime Minister Keir Starmer said his thoughts were with the passengers and their families.

“The scenes emerging of a London-bound plane carrying many British nationals crashing in the Indian city of Ahmedabad are devastating,” Starmer wrote on X.
“I am being kept updated as the situation develops, and my thoughts are with the passengers and their families at this deeply distressing time,” he added.

British Foreign Minister David Lammy said he was deeply saddened by the news and that the UK was working with Indian authorities.

“Deeply saddened by news of a devastating plane crash in Ahmedabad, India,” Lammy said on X. “My thoughts are with all those affected. The UK is working with local authorities in India to urgently establish the facts and provide support.”

Speaking later in the British Parliament, Lammy said the UK had activated a crisis team in both India’s capital, New Delhi, and in London.

Ukrainian President Volodymyr Zelenskyy also extended his condolences.
“Horrible news of a passenger plane crash in India. My deepest condolences to Prime Minister @narendramodi and the entire people of India on this tragic day. Our thoughts are with all victims’ relatives and close ones in India, the UK, Portugal, and Canada. We share your shock and grief. We pray for as many lives to be saved as possible and wish a speedy recovery to the injured,” he said in a post on X.

The Airports Authority of India (AAI) said an operational control room had been activated “to oversee and coordinate all necessary response measures.”

It also shared emergency contact numbers for assistance and information: the Delhi control room can be reached at 011-24610843 and 9650391859, while the Ahmedabad control room can be contacted at 9978405304 and 079-23251900.

June 13, 2025
MIL-OSI United Kingdom: Yorkshire second region in England to move into drought status
Source: United Kingdom – Executive Government & Departments

Press release

Yorkshire second region in England to move into drought status

Yorkshire has become the second region to enter drought status following the driest spring in 132 years.
Yorkshire has become the second region to enter drought status following the driest spring in 132 years.

The Environment Agency announced the change in status today (12th June 2025) following declining river flows and groundwater levels because of the dry March, April and May.

The decision sees the regulator stepping up its operational response in Yorkshire, whilst making sure water companies deliver the actions agreed in their drought plans.

This includes speeding up the fixing of leaks and communicating with customers on how to reduce demand to preserve supplies.

In the meantime, the National Drought Group will continue to meet regularly over the summer and is receiving updates on the situation.

Claire Barrow, Yorkshire Environment, Planning and Engagement Manager, said:

Our climate is changing, and we had 22 days of almost no recorded rainfall in May.

While we have had some rain at the start of June, it has not been enough to reverse the impacts of the prolonged dry weather.

We are working with Yorkshire Water to make sure they enact their drought plans. We also encourage people to be aware of the environmental impacts of droughts as we enter the summer period and note the small steps we can all take to save water.

Water Minister Emma Hardy said:

I am receiving regular updates from the Environment Agency.

I’m doing everything in my power to hold Yorkshire Water to account to ensure we have the regular supply of water that is needed across the region.

The government is taking decisive action to secure our water supply for the decades to come. That’s why we are building nine new reservoirs and upgrading pipes to cut leakage by 17%.

The north-west of England entered drought status on 21st May. The recent wet weather in the region has helped stabilise the situation and improve reservoir levels, but the area remains in drought.

Yorkshire received 66% of the long-term average May rainfall while England has experienced its driest spring since 1893.

Across the country, England has only seen 57% of the long-term average rainfall for last month. Three areas – the north-east, east and west midlands – are also experiencing prolonged dry weather.

Periods of dry weather and low rivers can have several consequences for the environment and wildlife. Low oxygen levels in water can lead to fish kills, as well as more algal blooms and lower river flows prevent wildlife from moving up or downstream.  The EA has moved over 500 native, white-clawed crayfish to a safer location as experts are concerned about water flow in the area.

Hot and dry weather can increase wildfires, severely damaging vulnerable areas of heathland and moorland. Yorkshire has seen several wildfires on the Pennine moorland, including large fires at Marsden Moor, Wessenden, and Rishworth Moor.

Crop failure is also a major impact of drought while low water levels make navigation difficult on canals and some rivers.

There are a number of closures and restrictions in place to preserve water across the Canal & River Trust network, predominantly on the Leeds & Liverpool Canal.

There are simple ways people can help save water, including taking shorter showers, using water from the kitchen to water plants, and fixing leaky toilets.

Read more about drought here: Drought explained – Creating a better place

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Published 12 June 2025
MIL OSI United Kingdom –
June 12, 2025
India’s digital economy expected to contribute one-fifth of national income by 2029-30

Source: Government of India

Source: Government of India (4)

As Prime Minister Narendra Modi marks 11 years in office, India’s digital economy is poised to become a cornerstone of national growth, projected to account for nearly one-fifth of the country’s income by 2029-30. According to the State of India’s Digital Economy Report 2024, India ranks as the third most digitized economy globally and 12th among G20 nations for individual user digitalization, reflecting remarkable progress in digital transformation over the past decade.

The digital economy, contributing 11.74% of India’s GDP (Rs. 31.64 lakh crore or USD 402 billion) in 2022-23, is growing nearly twice as fast as the overall economy. Employing 14.67 million workers—2.55% of the workforce—it is almost five times more productive than other sectors. Under PM Modi’s leadership, this sector has flourished, driven by digital-enabling industries like ICT services, electronic component manufacturing, and communication equipment, which account for 7.83% of Gross Value Added (GVA). Digital platforms and intermediaries contribute an additional 2% of GVA, while digitalization in traditional sectors such as banking, financial services, insurance (BFSI), retail, and education adds another 2%.

By 2029-30, the digital economy is expected to outpace agriculture and manufacturing, fueled by rapid adoption of artificial intelligence (AI), cloud services, and the expansion of global capability centers (GCCs). India hosts 55% of the world’s GCCs, which are offshore hubs established by multinational corporations for services like R&D, IT support, and business process management. The growth of digital intermediaries and platforms is anticipated to lead in the short term, with broader digital diffusion across the economy reducing the relative share of ICT industries over time.

Digital transformation is reshaping traditional sectors unevenly. In BFSI, over 95% of banking payment transactions are digital, but revenue-generating activities like loans and investments remain largely offline. Retail is embracing omni-channel models, with e-tailers adding physical stores and leveraging AI chatbots and digital inventory tools for efficiency. Education is adopting hybrid models combining offline and online learning, while hospitality and logistics are integrating AI, metaverse technologies, and digital tools, though smaller firms lag behind larger ones in full digitalization.

The digital economy’s growth rate of 17.3% over the past decade surpasses the overall economy’s 11.8%. Digital platforms, in particular, are projected to grow at approximately 30% in the coming years. In 2022-23, the sector employed 14.67 million workers, with 58.07% in digital-enabling industries. Notably, digital platforms are creating job opportunities for women, overcoming barriers related to mobility and safety, though the workforce remains predominantly male.

June 12, 2025
MIL-OSI New Zealand: Concerns about ongoing Cook Strait ferry issues

Source: Maritime Union of New Zealand

The Maritime Union of New Zealand says the Cook Strait ferry service is struggling, with the entire Interislander fleet currently either suffering breakdowns, wave damage or being taken out of service for audit.

Maritime Union of New Zealand National Secretary Carl Findlay says the vital transport link is hanging by a thread, with ongoing disruption.

He says the Aratere has once again experienced technical issues, following engine shaft problems in Picton on Wednesday evening that caused several hours of delays. Crew members and passengers had to remain on board before being able to disembark in Wellington.

Over the previous weekend, Kaiarahi had its bow door damaged in rough seas, which will be welded shut to allow it to continue to operate until a scheduled dry dock in Singapore in July.

Kaitaki is being pulled from service this weekend for a Maritime NZ audit.

KiwiRail announced in May 2025 it would remove the rail-enabled Aratere ferry from service in August 2025, and is now seeking to cut 70 jobs for MUNZ members in the deck and catering departments on the Aratere.

Mr Findlay says the Union had flagged the dangers of removing a key vessel from service, and the current situation showed that KiwiRail needed to rethink their plan.

He says technical problems with Cook Strait ferries extended to the private operator Strait Shipping, and had their roots in a failure to invest in modern shipping and infrastructure by the Government and private operators.

Mr Findlay says the cancellation of the iRex project by Finance Minister Nicola Willis was going to cause years of disruption as the iRex ferries would have been entering into service over the next year or two.

New ferries announced by Minister of Rail Winston Peters are now not expected until at least 2029.

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MIL OSI New Zealand News –

June 12, 2025
MIL-OSI: Nuveen Selects Molecule Software’s ETRM to Scale Renewable Trading Capabilities

Source: GlobeNewswire (MIL-OSI)

HOUSTON, June 12, 2025 (GLOBE NEWSWIRE) — Molecule Software is today announcing that global investment leader Nuveen, a TIAA company, has selected Molecule’s future-ready ETRM software to accelerate its expanding renewable power trading operations.

Nuveen, one of the world’s largest asset managers, manages a diverse power trading portfolio across large markets, including the United States, Europe, and Asia. As their renewable power business grows, an agile ETRM platform that can handle the increasing complexities of their portfolio has become a top priority.

“We have ambitious goals to grow our portfolio,” said Jordi Francesch, MD, Head of Global Asset Management, Clean Energy at Nuveen. “As we scale up our portfolio of energy generation assets, we encounter technical challenges across the different geographies in which we operate and different market risks in those geographies.

“Therefore, the need to have a state-of-the-art energy trading risk management system that allows for scalability, risk control, and best-in-class management features becomes business critical.”

Molecule, which has been expanding its footprint in Europe with the addition of a new EU production environment, EU- and UK-based sales, implementation, and support staff, and a growing list of new customers (including Nuveen), was selected for its tech-forward capabilities, ease of use, agility, and ability to handle the complexities of Nuveen’s growing portfolio.

“We really need to be quite efficient in terms of decision-making and deployment of our strategy,” said Francesch. “We knew that a bulky, complicated ETRM would not help us achieve that goal. Molecule provides a more agile solution that can scale with our business”

”We’re so pleased to be working with the fantastic team at Nuveen,” said Sameer Soleja, Founder and CEO at Molecule. “They’re using Molecule as a force multiplier – as an ETRM should be – and we look forward to partnering with them as their portfolio grows.”

About Molecule
Molecule is the ETRM built for the future of energy. Cloud-native with an intuitive, easy-to-use experience at its core, Molecule is the alternative to the convoluted systems of the past. With near real-time reporting, 30+ integrations, and headache-free implementations, Molecule gets your ETRM out of your way – because you have more valuable things to do with your time. Find out more at molecule.io.

About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 December 2024 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

Media Contact
Kari Foster, VP of Marketing
Molecule
Phone: +1 832.464.4037
Email: kari@molecule.io

The MIL Network –

June 12, 2025
MIL-OSI Economics: IMCA launches IMCA Awards 2025 celebrating innovation and impact in marine contracting
Source: International Marine Contractors Association – IMCA

Headline: IMCA launches IMCA Awards 2025 celebrating innovation and impact in marine contracting

This year’s IMCA Awards are now open for entries, with new categories celebrating outstanding achievement in Innovation and Technology, and People Development, as well as a new Rising Star award to recognise the next generation of talented marine contractors.

The marine contracting industry’s premier awards – sponsored this year by global marine contractor McDermott International and diving contractor Unidive Subsea – return in 2025 to showcase innovative and impactful projects led by IMCA Members.

Last year’s three award categories, Health and Safety Project of the Year, Environmental Sustainability Project of the Year, and the Greenhouse Gas Reduction Project of the Year, which recognises progress in reducing greenhouse gas emissions – all return in 2025.

The winners will be announced at IMCA’s Global Summit Gala Dinner, which will take place on 26 November in Kuala Lumpur, Malaysia, on the middle night of IMCA’s two-day flagship event. Global Summit tickets, which include entry to the Gala Dinner, are available at a reduced rate until 30 June – find out more here.
Jim Cullen, Technical Director, IMCA said: “We’re excited to share the return of the IMCA Awards, which are a great opportunity to celebrate outstanding achievement, promote innovative projects and approaches, and champion best-practice from across our membership.

“AI and new technology are rapidly changing our industry and creating the need for new skills and training, so it is only right that our Members’ work in response to these opportunities is celebrated through new awards for technological innovation and people development. We also want to celebrate the next generation of talented early-career professionals that are coming through the ranks.

“I would like to offer my thanks to McDermott International and Unidive Subsea for becoming our first IMCA Award sponsors.”

The awards are open to IMCA Members only. A judging panel, made up of selected Committee members, IMCA Secretariat leads, Committee Chairs, and IMCA Global Summit sponsors, will review the entries in a formal and independent scoring process. Shortlisted companies will be announced in the Autumn. The deadline for entries is Monday 1 September 2025.

Find out more about the judging process and criteria, and enter IMCA Awards 2025, here.

For the first time, sponsorship opportunities are available to sponsor individual awards. To find out more about sponsorship and exhibition opportunities at the IMCA Awards and IMCA Global Summit, please contact events@imca-int.com.

The full list of IMCA Awards can be seen below:

Health and Safety Project of the Year – Recognising excellence in health and safety performance.

Greenhouse Gas Reduction Project of the Year – Promoting success in reducing operational and value chain emissions.

Environmental Sustainability Project of the Year – Highlighting projects designed to support environmental sustainability in offshore or marine environments.

People Development Project of the Year – Recognising people-focussed initiatives including skills and training, diversity initiatives, and projects to attract new talent to the sector.

Innovation and Technology Project of the Year – Rewarding advancements in digital transformation, AI, and technological innovation.

Rising Star Award – Celebrating the achievements of an early-career professional with fewer than five years’ experience in the marine contracting industry.

Discover last year’s winning entries, submitted by DeepOcean, Subsea7 and the National Oceanography Centre, and Solstad Offshore, here.
MIL OSI Economics –
June 12, 2025
MIL-OSI Economics: IMCA announces results of South America Committee elections

Source: International Marine Contractors Association – IMCA

Headline: IMCA announces results of South America Committee elections

IMCA has welcomed four new industry experts including a representative from Marinha do Brasil – the Brazilian Navy – to its South America Committee following elections among IMCA Members.

The successful candidates, who were all nominated and voted for by IMCA Members from across the region, are:

Fugro’s John Chatten and Daniel Marins from Subsea7 were re-elected for a third two-year session, as Committee Chair and Vice Chair, respectively, alongside Renata Cortês and Patricia Gomes from Companhia Brasileira de Offshore – Grupo CBO, Cicero Ricardo Batista Lopes from Posidonia Shipping and Trading, Nelsiane Carrara from TechnipFMC, and Michel Teicher from SISTAC Sistemas de Acesso SA.

The South America Committee supports the development of our industry across the region, promoting IMCA’s campaigns to improve safety and sustainability among key stakeholders, and regularly bringing local Members together to share their insights and experiences. Recent in-person meetings have taken place in Rio de Janeiro, Brazil.

The Committee works in partnership with energy company Petrobras, and Marinha do Brasil.

For further information, contact jennifer.evans@imca-int.com.

MIL OSI Economics –

June 12, 2025
MIL-OSI: Rumble Names Ben Torres Ezrick, Former Marketing Leader with Zoom and Google, as First-Ever CMO

Source: GlobeNewswire (MIL-OSI)

LONGBOAT KEY, Fla., June 12, 2025 (GLOBE NEWSWIRE) — Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, today named its first-ever Chief Marketing Officer, Ben Torres Ezrick, a marketing leader with a career spanning the tech, content, and agency sectors. As the company’s first CMO, he will be vital to Rumble’s aggressive efforts to grow new audiences and customer bases as a content-rich video platform, cloud provider, and future home of a non-custodial crypto wallet.

Ezrick most recently served as Head of Brand for Zoom Communications after stints as Head of Brand and Growth for Google Maps and Head of Consumer Marketing for Waze.

“Ben Torres Ezrick is a top-tier marketing professional, and we are bringing him into Rumble at a key time,” said Rumble Chief Executive Officer Chris Pavlovski. “The growth Rumble has seen over the last few years has been completely organic and is the result of the amazing content creators and audiences drawn to our adherence to the principles of free speech. It’s time to take advantage of Rumble’s rising profile and be more aggressive with our first-ever Chief Marketing Officer to help grow all of our businesses. We can’t wait to get started with Ben.”

“Rumble deeply understands the power of its audience, and I look forward to helping to connect businesses and advertisers with these users,” Ezrick said. “You can’t have free enterprise without free speech, and I am proud to be joining the team at Rumble where the innate human right to free expression is the driving principle.”

As Head of Brand at Zoom, Ben Torres Ezrick introduced the company’s AI Companion and led efforts to reposition Zoom beyond video meetings into a full collaboration platform. At Google, he held multiple leadership roles, including leading user-generated content marketing across Search and Maps, where he evolved Maps into a daily local discovery experience.

Prior to that, Ben launched the Ad Sales Marketing function at AT&T. He also supported C-suite clients through growth strategy and market disruption at MediaLink, led sales development for branded content at Katalyst Media, and worked at Ogilvy on digital innovation and media strategy. He currently serves on the ANA Global CMO Growth Council.

ABOUT RUMBLE

Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.

Contact: press@rumble.com.

###

The MIL Network –

June 12, 2025
MIL-OSI Economics: Secretary-General of ASEAN visits the BIR AS in Bergen, Norway

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, visited the BIR AS, one of Norway’s largest waste management companies located in Bergen, Norway, on 12 June 2025. The visit highlighted the importance of strengthening cooperation between ASEAN and Norway on innovative waste management solutions, where Norway has been a major player in the waste management sector.

The post Secretary-General of ASEAN visits the BIR AS in Bergen, Norway appeared first on ASEAN Main Portal.

MIL OSI Economics –

June 12, 2025
MIL-OSI Economics: Thales ranked No.1 most attractive employer among engineering students in France in 2025

Source: Thales Group

Headline: Thales ranked No.1 most attractive employer among engineering students in France in 2025

12 Jun 2025

Share this article

Thales has secured the top spot in the 2025 ranking of the most attractive employers for engineering students in France, in a survey conducted by the Universum research institute. The survey covered 23,376 students, including 11,556 from engineering schools. Thales also ranked 4th among IT students.

Students notably praised the Group’s capacity for innovation and the wide range of career development opportunities it offers.
As a global leader in high technology across Defence, Aerospace, Cybersecurity and Digital Identity, Thales provides the opportunity to work in critical environments involving artificial intelligence, quantum technologies or cloud computing. The company offers a very broad array of career paths, backed by a strong industrial and academic presence across 68 countries. For the past three years, Thales has also invested heavily in a global upskilling initiative called the “Learning Company” programme, delivered by 2,000 in-house trainers. It brings together 13 Domain Academies (Radar, Radio, Naval, Tubes, Pyrotechnics…) and 19 Functional Academies (Engineering, Industry, HR, Finance, Communications…).

The preference expressed by young engineering students for Thales also reflects the Group’s efforts to reach out to younger generations. Last year, Thales engaged with over 150,000 young people through 600 events. In 2025, in France alone, the Group expects to welcome more than 3,000 interns and apprentices in higher education, with around 25% going on to secure permanent or fixed-term roles. Nearly 1,500 students in Year 10 and Year 11 will also be welcomed for short-term work experience across around 40 Thales sites in mainland France, helping to spark interest in science and technology careers.

“Attracting engineers – and diverse talent more broadly – to Thales is essential to staying at the forefront of innovation. We firmly believe that mathematics and science are key to understanding the world around us and tackling society’s greatest challenges. Joining Thales means continuing to learn throughout your career and helping to address the major societal challenges we are working on through our activities.”
Patrice Caine, Chairman & CEO of Thales

Interested candidates can learn more and apply online at
https://careers.thalesgroup.com/global/en

MIL OSI Economics –

June 12, 2025
MIL-Evening Report: Grattan on Friday: the galahs are chattering about ‘productivity’, but can Labor really get it moving?

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

Former prime minister Paul Keating famously used to say the resident galah in any pet shop was talking about micro-economic policy. These days, if you encounter a pet shop with a galah, she’ll be chattering about productivity.

Productivity is currently the hot topic for a conversation on economic reform. Australia, like many other countries, has a serious problem with it. Our productivity hasn’t significantly increased for more than a decade (apart from a temporary spike during the pandemic).

Now Treasurer Jim Chalmers has named productivity as his priority for Labor’s second term; assistant minister Andrew Leigh, part of the government’s economic team, has had it inserted into his title; the Productivity Commission has put out 15 potential reform areas for discussion, and Prime Minister Anthony Albanese has announced a roundtable to canvass the way ahead.

The roundtable appears to be a prime ministerial initiative. Announcing it at the National Press Club on Tuesday, Albanese made a point of saying he had asked Chalmers to convene it. Perhaps it’s a case of the prime minister emulating his forerunner Bob Hawke, with his penchant for summits, while Chalmers seeks to be a contemporary Keating, as he searches for reforms to promote.

It would be a major achievement if people were able to remember the second-term Albanese government for paving the way for a significant lift in Australia’s productivity. It would probably also be an economic and political miracle.

Let’s never knock a summit, but let’s not be taken in by the suggestion that the planned August meeting, involving employers, unions and the government, will mark some breakthrough moment. Business representatives are approaching it with a degree of cynicism; they saw the 2022 jobs and skills summit as preparing the ground for the new government to meet union demands.

This summit is expected to have fewer participants than the 2022 meeting, and may be briefer. Albanese described it as “a more streamlined dialogue than the jobs and skills summit, dealing with a more targeted set of issues”. Chalmers will announce more details next week. We can expect the government will package a collection of initiatives at least for further work, and perhaps a few for early action.

While many stakeholders give lip service to improving productivity, there are huge obstacles to actually doing so.

There’s perennial talk about tax reform – from business and economists, rather than the government. But serious change produces winners and losers, and having “losers” has become a political no-no, especially when there is not enough money to compensate them.

The housing crisis could be eased, with more homes built faster, if there were less onerous regulations, notably at state and local level. Governments are working around the edges of this, but attempting to seriously slash regulation immediately runs into opposition from those who, variously, argue that will harm city-scapes, the environment, safety or the like.

Red tape hampers big projects, but interest groups concerned about fauna, flora or the climate defend extensive hurdles and appeals processes as important for other priorities.

We’d be more productive if people with skills (whether immigrants or those moving between states) faced fewer complexities in getting their credentials recognised. But critics would point to the risk of underqualified people getting through.

Regulations are both barriers and protections. Whether you see particular regulations as negative or positive will depend where you are coming from. Less regulation can enhance productivity – but in certain cases the trade-off can be less protection and/or more risk. We have, for good or ill, become a more risk-averse community.

Employers say various industrial relations laws and regulations restrict changes that could boost productivity. A Labor government interlocked with the union movement is going to listen to its industrial base on that one. Asked on Tuesday whether his message to business groups going to the summit was, “don’t waste your breath if you’re going to raise IR” Albanese said, “People are entitled to raise whatever they want to raise. But I’m a Labor prime minister.”

Artificial Intelligence presents great opportunities to advance productivity. But it will cost some jobs and produce dislocation. Industry Minister Tim Ayres said recently, “I will be looking in particular at how we can strengthen worker voice and agency as technology is diffused into every workplace in the Australian economy. I look forward to working with our trade union movement on all of this.” Employers’ ears pricked at the union reference.

While the government is signalling it wants to do something meaningful on productivity, the prime minister is also highly cautious when it comes to getting ahead of what he considers to be the government’s electoral mandate. Nor is he one to gamble political capital.

He is not like, for example, John Howard, who before the 1996 election said he would “never ever” have a GST, then brought forward an ambitious GST package that he took to the 1998 election. That package had plenty of compensation for losers but Howard, who had a big parliamentary majority, was nearly booted out of office.

Reform is more difficult than it was in the Hawke–Keating era – though it wasn’t as easy then as is often portrayed now. The voters are less trusting of government, and less willing to accept the downsides of change.

The voices of those wanting to say “no” to various proposed changes are greatly amplified, in a highly professionalised political milieu and ubiquitous media opportunities. In the era of the “permanent campaign”, opinion polling has become so constant that politicians are always measuring their support in the moment, making a government hyper-nervous.

Progress on productivity is also harder these days because the easier things have been done, and because changes in our economy – especially the growth of the care economy – mean in some sectors efficiencies are not so readily available, or measurable.

We don’t actually need more inquiries, or a roundtable, to come up with ideas for what could or should be done on productivity. There have been multiple reports and thousands of recommendations. What is required is for the government to devise a bold program, have the will and the skill to implement it, and the ability to sell it to the public. But that runs into the problem of not having sought permission from the voters – which forces the government back to incrementalism.

Whatever the problems, it is not too fanciful to see Chalmers hanging his hat on the productivity peg in his longer-term bid to be the next Labor prime minister. We’ll see how he goes.

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

– ref. Grattan on Friday: the galahs are chattering about ‘productivity’, but can Labor really get it moving? – https://theconversation.com/grattan-on-friday-the-galahs-are-chattering-about-productivity-but-can-labor-really-get-it-moving-257337

MIL OSI Analysis – EveningReport.nz –

June 12, 2025
11 years of Modi govt: Digital finance drives unprecedented financial inclusion

Source: Government of India

Source: Government of India (4)

During the 11 years of Prime Minister Narendra Modi-led NDA government, India has emerged as a global leader in digital finance and inclusion, harnessing technology to deliver accessible, efficient, and transparent financial services to every corner of the country. This digital transformation has played a pivotal role in bridging the urban-rural divide and reshaping India’s economic landscape.

The Unified Payments Interface (UPI) has revolutionised digital transactions, with over 1,867.7 crore transactions worth ₹24.77 lakh crore recorded in April 2025 alone. Now used by nearly 460 million individuals and 65 million merchants, UPI has gone global, with its presence in more than seven countries, including the UAE, Singapore, and France. According to ACI Worldwide’s 2024 report, India accounted for 49% of all global real-time transactions in 2023, underscoring its leadership in digital payments innovation.

The Aadhaar-enabled e-KYC system has simplified access to banking and public services, with over 141.88 crore Aadhaar IDs issued as of April 2025. It has become a foundational pillar of India’s digital infrastructure, ensuring faster verification and enhanced transparency.

Direct Benefits Transfer (DBT), backed by Aadhaar authentication, has streamlined welfare delivery. Over ₹44 lakh crore has been transferred directly to beneficiaries’ accounts as of May 2025, eliminating middlemen and fake beneficiaries. This has saved the exchequer more than ₹3.48 lakh crore since 2015. The system has also removed over 5.87 crore ineligible ration card holders and 4.23 crore fake LPG connections, making welfare schemes more targeted.

In the realm of e-commerce, the Open Network for Digital Commerce (ONDC), launched in 2022, has expanded to over 616 cities, empowering small sellers and service providers. By January 2025, more than 7.64 lakh sellers had joined the platform, boosting MSME participation in the digital economy.

Similarly, the Government e-Marketplace (GeM), launched in 2016, has transformed public procurement. By January 2025, GeM had achieved a gross merchandise value (GMV) of ₹4.09 lakh crore in just 10 months of FY 2024–25, marking nearly 50% growth over the previous year. With over 1.6 lakh government buyers and 22.5 lakh sellers, GeM continues to enhance transparency and efficiency in government transactions.

Together, these initiatives reflect a decade of digital empowerment under the Modi government, setting the foundation for a more inclusive, transparent, and resilient financial ecosystem.

June 12, 2025
MIL-OSI Asia-Pac: Cultural and Creative Industries Development Agency leads industry delegation to participate in Annecy International Animation Film Festival and Market 2025 in France

Source: Hong Kong Government special administrative region

Cultural and Creative Industries Development Agency leads industry delegation to participate in Annecy International Animation Film Festival and Market 2025 in FranceIssued at HKT 16:40

The Cultural and Creative Industries Development Agency (CCIDA) of the Culture, Sports and Tourism Bureau led an industry delegation to participate in the Annecy International Animation Film Festival and Market 2025 in France and joined forces with the Hong Kong Digital Entertainment Association (HKDEA) to set up the Hong Kong Pavilion themed “AI-assisted Animation Production” and organised a series of activities, with the aim of increasing overseas exposure of Hong Kong original animation works and creative teams, enhancing their reach in market development, and enabling them to explore collaboration opportunities.

As the international animation film festival with a rich history and the largest scale of its kind, the Annecy International Animation Film Festival commands high respect from the global animation industry. Its film market, the Annecy International Animation Film Market, is a prominent annual business-oriented exhibition that takes place from June 10 to 13 (Annecy time). In the opening ceremony of the Hong Kong Pavilion held on June 10, the Assistant Commissioner for Cultural and Creative Industries, Mrs Lowell Cho, expressed hope that through a series of activities during this promotion, the CCIDA and the industry join hands to promote Hong Kong animation works to the animation industry professionals and audiences from all over the world, hence enabling the original animation by Hong Kong to shine bright on the international stage and to strive for opportunities to strengthen ties with global industry counterparts. She also warmly congratulated the film “Another World”, funded by the Film Development Fund (FDF) and produced by an animation creative team from Hong Kong, for being selected for the non-competitive section of the Annecy International Animation Film Festival 2025 and that it will be screened at the “Midnight Specials” session on the evening of June 13 (Annecy time). “Another World” brings international recognition, which serves as a significant booster for the Hong Kong animation industry, showcasing the global appreciation for Hong Kong animation.

The Hong Kong animation film “Another World” is directed by Tommy Ng, and produced and scripted by Polly Yeung. The production team attended the Annecy International Animation Film Festival in person to engage with audiences and industry counterparts. In 2019, the team participated in the sixth Animation Support Program, a project funded by the CCIDA through the CreateSmart Initiative (CSI), and was granted a subsidy to initiate the production of the short version of “Another World”, which won the Gold Award under the Small Animation Enterprises (Advanced Production) category. Subsequently, the team, with its proposal to develop “Another World” into a feature-length animation film, successfully applied for the Film Production Financing Scheme under the FDF and was granted the subsidy to bring the debut animation feature film directed by Ng into fruition, paving the way for the film’s global premiere at the Annecy International Animation Film Festival. Yeung was also invited by the Hong Kong Film Development Council to participate in the 81st Venice International Film Festival in Italy and the 78th Cannes Film Festival in France to seek production investment, attend various producer matching activities, and exchange ideas with filmmakers from all over the world, increasing publicity for “Another World” and opening doors for overseas distribution of the film project.

During the exhibition period, a series of networking and exchange activities were launched at the Hong Kong Pavilion, and six short original animated works created with AI assistance were also showcased, demonstrating to the international market the creativity and unique charisma of Hong Kong productions. The Hong Kong Partner Pitches was held on June 11, where the six Hong Kong companies selected under the 2nd Future Animation – AI-assisted Animation Production Support Scheme organised by the HKDEA and sponsored by the CCIDA, namely 924 Studio Limited, Astro Heart Limited, Free-D Workshop, ManyMany Creations Ltd, Morph Workshop and Stepc, conducted exchanges with elite animation companies from all over the world. They took the opportunity to broaden their horizons, enhance their promotion to overseas practitioners and investors, and pursue more collaboration possibilities.

The Animation Support Program, a government-funded project under the CSI, is now in its 12th edition. It focuses on supporting local start-ups and small animation companies and cultivating local animation talent. Over the years, it has assisted more than 250 local animation companies and enabled them to produce more than 270 original animation works. As a scheme under the FDF with the longest history and well-received by the film industry, the Film Production Financing Scheme aims to provide government financing for film productions with small-to-medium production budgets. As of the end of May 2025, approved films have received more than 150 local and international film awards.

Ends/Thursday, June 12, 2025
Issued at HKT 16:40

MIL OSI Asia Pacific News –

June 12, 2025

MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – RICARDO PLC – Ordinary Shares

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”)

KEY INFORMATION

(a)

Full name of discloser:

Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.

(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.

(c)

Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree

Ricardo PLC

(d)

If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:

(e)

Date position held/dealing undertaken:
For an opening position disclosure, state the latest practicable date prior to the disclosure

11 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”

N/a

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:

25p ordinary (GB0007370074)

Interests

Short Positions

Number

(1)

Relevant securities owned and/or controlled:

889,716

1.43 %

(2)

Cash-settled derivatives:

(3)

Stock-settled derivatives (including options) and agreements to purchase/sell:

Total

889,716 *

1.43 %

* Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 7,529 shares that are included in the total above.

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:

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

(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

(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

(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)

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?

Date of disclosure

25 June 2025

Contact name

Thomas Hone

Telephone number

+44 20 3033 3419

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 12, 2025

MIL-OSI Banking: Scheduled Banks’ Statement of Position in India as on Friday, May 30, 2025

Source: Reserve Bank of India

(Amount in ₹ crore)
		SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs)			ALL SCHEDULED BANKS
		31-May-2024	16-May-2025*	30-May-2025*	31-May-2024	16-May-2025*	30-May-2025*
I	LIABILITIES TO THE BKG.SYSTEM (A)
	a) Demand & Time deposits from banks	283850.22	356142.91	365140.08	287722.27	362130.00	370999.12**
	b) Borrowings from banks	163095.32	112740.77	110567.25	162607.11	112743.77	110589.25
	c) Other demand & time liabilities	76511.12	24239.07	25102.81	76730.29	24626.53	25497.28
II	LIABILITIES TO OTHERS (A)
	a) Deposits (other than from banks)	21087206.37	22887587.39	23172559.90	21674968.79	23379288.75	23662791.19
	i) Demand	2506492.91	2841915.80	2988913.58	2567382.20	2892062.41	3038372.32
	ii) Time	18580713.47	20045671.59	20183646.31	19107586.59	20487226.34	20624418.87
	b) Borrowings @	738925.22	893728.27	895727.00	743952.27	898148.91	900193.89
	c) Other demand & time liabilities	967360.63	999529.93	1030639.78	983261.53	1012437.72	1043774.13
III	BORROWINGS FROM R.B.I. (B)	71305.00	23081.00	6516.00	71305.00	23081.00	6516.00
	Against usance bills and / or prom. Notes			0.00			0.00
IV	CASH	90895.20	85968.10	87179.07	93788.10	88775.09	89604.92
V	BALANCES WITH R.B.I. (B)	951109.00	928136.28	956086.24	971105.00	947302.36	975236.91
VI	ASSETS WITH BANKING SYSTEM
	a) Balances with other banks
	i) In current accounts	8067.70	11102.45	11433.47	11788.66	13341.32	13852.12
	ii) In other accounts	177529.41	233058.58	255330.58	228433.60	295070.10	318135.43
	b) Money at call & short notice	13028.13	17715.86	22812.64	33944.85	35986.40	40349.51
	c) Advances to banks (i.e. due from bks.)	51405.37	39786.83	36147.80	54043.23	42530.76	38542.46Â£
	d) Other assets	112400.95	78068.21	78094.05	118837.65	82032.05	82801.64
VII	INVESTMENTS (At book value)	6183502.03	6684475.70	6706717.24	6391944.79	6838726.32	6861687.29
	a) Central & State Govt. securities+	6182472.76	6683947.50	6706168.85	6378531.37	6830276.71	6853140.24
	b) Other approved securities	1029.27	528.19	548.39	13413.42	8449.61	8547.05
VIII	BANK CREDIT (Excluding Inter-Bank Advances)	16782881.64	18227711.87	18287596.63	17346530.02	18694728.44	18753960.67
	a) Loans, cash credits & Overdrafts $	16469359.59	17890954.33	17949974.58	17029508.57	18354554.88	18412998.48
	b) Inland Bills purchased	64366.78	79832.65	79467.07	64372.00	81180.34	80743.89
	c) Inland Bills discounted	208274.29	221259.31	222652.60	211137.16	222739.64	224160.09
	d) Foreign Bills purchased	16125.00	14020.55	13866.49	16347.72	14241.01	14063.24
	e) Foreign Bills discounted	24755.98	21645.03	21635.88	25164.57	22012.57	21994.97

NOTE
*	Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
(A)	Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
**	This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
@	Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
(B)	The figures relating to Scheduled Commercial Banks’ Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to Review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo / Term Repo / MSF are reflected under ‘Borrowings from RBI’.
Â£	This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
+	Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
$	Includes advances granted by Scheduled Commercial Banks and Scheduled Cooperative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium).

Food Credit Outstanding as on
(Amount in ₹ crore)
Date	31-May-2024	16-May-2025	30-May-2025
Scheduled Commercial Banks	40258.89	68078.36	70580.71
Scheduled Co-operative Banks	50623.09	51972.99	51972.99

The expression ‘Banking System’ or ‘Banks’ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934.

No. of Scheduled Commercial Banks as on Current Fortnight:135

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/533

MIL OSI Global Banks –

June 12, 2025

MIL-OSI Banking: Secretary-General of ASEAN visits the Bir Privat AS in Bergen, Norway

Source: ASEAN – Association of SouthEast Asian Nations

Secretary-General of ASEAN, Dr. Kao Kim Hourn, visited the Bir Privat AS, one of Norway’s largest waste management companies located in Bergen, Norway, on 12 June 2025. The visit highlighted the importance of strengthening cooperation between ASEAN and Norway on innovative waste management solutions, where Norway has been a major player in the waste management sector.

The post Secretary-General of ASEAN visits the Bir Privat AS in Bergen, Norway appeared first on ASEAN Main Portal.

MIL OSI Global Banks –

June 12, 2025
MIL-OSI United Kingdom: Plymouth celebrates double win at national awards

Source: City of Plymouth

Plymouth is celebrating a proud moment after scooping two prestigious awards last night – recognising the city’s leadership in both environmental innovation and inclusive employment.

The prestigious Local Government Chronicle (LGC) Awards 2025, recognise the best in local government, with judges having to consider over 1,000 submissions from councils across the UK.

At a ceremony last night, the city was honoured in the Environmental Services category for our pioneering Habitat Bank, and in Diversity and Inclusion for our transformative Supported Internships programme.

These awards shine a spotlight on the incredible work being done across Plymouth to build a greener, fairer future – and the dedicated teams making it happen.

Plymouth’s Habitat Bank, delivered through the city’s green finance vehicle Ocean City Nature, will deliver an impressive £7m in investment to restore and enhance habitats across the city. The initiative is creating a local market for Biodiversity Units, helping developers meet planning requirements while delivering real gains for nature and communities with work on the first site at Ham Woods already underway.

Councillor Tom Briars Delve, Plymouth City Council Cabinet Member for Climate Change and Environment, said: “This award is a huge recognition of the bold, creative work happening in Plymouth to tackle the ecological emergency. The Habitat Bank is a brilliant example of how we can use green finance to deliver real, lasting benefits for wildlife and communities. I’m incredibly proud of the team behind this – their passion and innovation are helping to put Plymouth on the map as a leader in nature recovery.”

At the same time, the city’s Supported Internships programme scooped the top award in its category. Run in partnership with Discovery College – the programme has grown from just nine participants to 67 in just two years. The programme supports young people with learning difficulties or disabilities to gain meaningful, sustainable employment through a blend of tailored work placements, coaching and classroom learning. Every single participant has gone on to secure a job – a remarkable achievement that’s changing lives.

Councillor Sally Cresswell, Cabinet Member for Education, Skills and Apprenticeships, added: “This award is a celebration of the young people who’ve taken part in Supported Internships – and the incredible staff who’ve supported them every step of the way. It shows what’s possible when we believe in people’s potential and invest in inclusive opportunities. This work is vital to building a city where everyone can thrive.”

MIL OSI United Kingdom –

June 12, 2025
MIL-OSI: From Talent to Success: Axi Select Announces Fourth Pro M Trader, Now Managing $1 Million USD of Axi Funds

Source: GlobeNewswire (MIL-OSI)

SYDNEY, June 12, 2025 (GLOBE NEWSWIRE) — Following the recent announcements that three Axi Select traders reached the top milestone of the program, leading online FX and CFD broker Axi has proudly announced the promotion of its fourth overall – Pro M trader: Looi Sook Yen from Asia.

This breakthrough reflects the broker’s ongoing commitment to empower ambitious and talented traders through a program that is designed to unlock and maximise their full trading and profit potential.

Louis Cooper, Chief Commercial Officer at Axi, shares his excitement for the program’s latest success, noting “We’re proud to see our program continue to elevate traders, helping them trade and improve their trading skills all the way to the top. Since launching Axi Select in 2023, we’ve been confident in its ability to harness the talent of all traders to new heights – regardless of gender or experience level. Today, we celebrate a landmark moment: our fourth Pro M trader and the first woman to reach the program’s top stage and secure a $1M allocation. Ms. Looi demonstrated outstanding skill, talent, and discipline – and with the right tools and support, she now manages $1M of Axi funds.”

A few months ago, Axi Select announced its first three $1M funded traders: Francisco Quesada Godines, Daniel Gutiérrez Viñas, and 21-year-old trader, Kayan Freitas. The program offers traders the opportunity to access capital funding up to $1,000,000 USD and earn up to 90% of their profits, as well as the advantage to join the program with zero registration or monthly fees*. Moreover, Axi Select uses a Standard or a Pro live account, unrestrictive trading conditions, an exclusive trading room, and more. Recently, the broker was recognised with the ‘Best Funded Trader Programme’ award by the ADVFN International Financial Awards, and, among others, was honoured by Finance Feeds with the ‘Most Innovative Proprietary Trading Firm’ award.

The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. *Standard trading fees apply.

Watch announcement video here.

About Axi

Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

For more information or additional comments from Axi, please contact: mediaenquiries@axi.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da30a690-7ae0-4ccb-b753-b387e16c7313

The MIL Network –

June 12, 2025
MIL-OSI: Black Gold Confirms Multiple Pay Zones at Fritz 2-30

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, B.C., June 12, 2025 (GLOBE NEWSWIRE) — Black Gold Exploration Corp. (the “Company” or “BGX”) (CSE: BGX) (OTCQB: BGXCF) (FRA: BLGX) is pleased to announce another significant development in its Illinois Basin operation. Through its joint venture partner LGX Energy Corp. (“LGX”), the Company has confirmed the presence of four discrete, hydrocarbon- bearing formations within a single vertical column at the now-producing Fritz 2-30 oil and gas well (the “Well”) in Clay County, Indiana, highlighting the potential for multi-zone development at the Well.

Stacked Pay Zones: Four Formations, One Platform

In addition to the Geneva Dolomite zone, which is currently in production, three additional pay zone formations have now been identified within the same platform, including the Jeffersonville Limestone Formation, the North Vernon Formation, and the Carper Sand Formation.

“This is the kind of stacked pay profile we hoped for as a Company, where it is not just one pay zone but the opportunity for up to four pay zones from just one well,” said Francisco Gulisano, CEO of BGX.

“We are now setting ourselves up to systematically unlock the multiple pay zones of value sitting beneath the Fritz platform, formation by formation.” continued Mr. Gulisano.

A Platform for Scalable, Repeatable Growth

The multi-zone architecture of the Well allows for selective perforation and staged stimulation, minimizing risk and maximizing reservoir management. Also, the platform’s data-rich profile will guide the Company’s next wave of wells, giving the Company a clear runway for development of additional offset wells across these new formations.

“I believe we are just starting to unlock the potential in this region and we at LGX are delighted to have BGX as a partner in the Basin,” stated Howard Crosby, CEO of LGX.

On behalf of the Company, Francisco Gulisano
236-266-5174
Chief Executive Officer

About BGX

BGX is an oil and gas exploration and production company dedicated to creating shareholder value in the Illinois Basin. With an experienced technical team and a growing asset base, BGX is unlocking value using modern drilling and completion technologies. For more information visit https://www.bgxcorp.com.

Joint Venture with LGX

The Company has a joint-venture agreement with LGX which gives it a 30% interest in strategically positioned parcels of 911 acres located in the Illinois Basin. The Company has a 10% interest in the Fritz 2-30 well and has the ability to take a 10% interest across a 210 acre Area of Mutual Interest surrounding the Fritz well.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. It should be noted that there are inherent risks and uncertainties in oil and gas exploration. Forward- looking statements in this news release include, but are not limited to statements respecting: (i) the confirmation of additional pay zones highlighting the potential for multi- zone development at the Well; (ii) the Company setting itself up to systematically unlock the value sitting behind the Fritz platform; (iii) the platform’s data-rich profile guiding the Company’s next wave of wells, giving the Company a clear runway for development of additional offset wells across the new formations; (iv) Mr. Crosby’s statement that the parties are just scratching the surface of unlocking the potential in the region. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. For a comprehensive overview of all risks that may impact the Company, please see the Company’s continuous disclosure documents filed on SEDAR+.

Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the policies of the CSE) accept responsibility for the accuracy of this release.

SUITE 2400 | 1055 WEST GEORGIA STREET | VANCOUVER, BC | V6E 3P3 | TEL. +1 (236) 266-5174 | info@bgxcorp.com | bgxcorp.com
1412-7791-5927, v. 1

The MIL Network –

June 12, 2025
MIL-OSI: The Eclipse Foundation Launches the S-CORE Project: The Automotive Industry’s First Open Source Core Stack for Software-Defined Vehicles

Source: GlobeNewswire (MIL-OSI)

BRUSSELS, June 12, 2025 (GLOBE NEWSWIRE) — The Eclipse Foundation, one of the world’s largest open source software foundations, today announced the upcoming 0.5 release of the Safety Open Vehicle Core (S-CORE) project, the first open source core software stack specifically designed for Software-Defined Vehicles (SDVs). Targeting embedded high-performance Electronic Control Units (ECUs), S-CORE represents a significant milestone in the automotive industry’s transition toward open, community-driven software platforms.

With support from a growing group of major industry leaders, including BMW Group, Mercedes-Benz, Bosch, ETAS, QNX, Qorix, and Accenture, the S-CORE project is building an open source foundation that allows automakers and suppliers to accelerate the development of next-generation automotive software, while allowing them to concentrate on building their own differentiated features and applications.

“Open collaboration is key to managing complexity in modern vehicle software architectures,” said Mike Milinkovich, executive director of the Eclipse Foundation. “With S-CORE, we’re providing developers with a reliable, safety-grade runtime environment that allows the industry to focus on innovation while reducing duplication of effort. This project offers the entire sector a jumpstart in building the custom solutions that will define the future of mobility.”

Often described as “middleware,” S-CORE sits between the operating system and application layer, delivering core, non-differentiating services that all software-defined vehicles require. By providing a common set of baseline functions, such as application orchestration, inter-process communication (IPC), logging, and data persistence, S-CORE aims to streamline development, lower costs, and accelerate time-to-market for companies building software-defined vehicles.

The 0.5 release, targeted for availability in October 2025, will mark the project’s first public milestone, providing an initial set of functional building blocks for industry adoption and feedback. The reference platform for this release will run on QNX SDP 8.0, which is available for non-commercial prototyping and experimentation via the company’s recently launched QNX Everywhere program. Additional operating system support, including Linux, is planned for future releases.

In parallel, the S-CORE development process, currently under audit by a certification agency, aims to define a methodology for producing open source software suitable for safety-critical automotive standards such as ISO 26262.

As software increasingly defines vehicle functionality, S-CORE’s open approach helps address one of the automotive industry’s most pressing challenges: developing complex, high-performance vehicle software that is safe, cost-effective, and scalable, while still allowing room for innovation. By enabling automakers, suppliers, and technology companies to collaborate on shared core components, S-CORE allows development teams to focus their efforts on areas that create the most value, such as differentiated features, enhanced customer experiences, and brand-defining innovations.

Join the Eclipse SDV Community
The Eclipse Software Defined Vehicle (SDV) Working Group is a global hub for open source collaboration in automotive software. Our diverse membership of automakers, suppliers, and technology leaders is driving real-world innovation that is shaping the future of mobility. We provide an inclusive platform where companies of all sizes can contribute on equal footing. Learn more about participation opportunities at sdv.eclipse.org/membership.

For additional details on the S-CORE project and its upcoming release, visit Eclipse Safe Open Vehicle Core

About Eclipse Software Defined Vehicle
Eclipse Software Defined Vehicle (SDV), a working group within the Eclipse Foundation, supports the open source development of cutting-edge automotive technologies that power the programmable vehicles of the future where software defines features, functionality, and operations. With over 50 members, including leading automotive manufacturers, global cloud providers, technology innovators, and key supply chain partners, the initiative has strong industry backing. The working group’s mission is to provide a collaborative forum for developing and promoting open source solutions tailored to the global automotive industry. Adopting a “code first” approach, Eclipse SDV focuses on building the industry’s first open source software stacks and associated tools that will support the core functionalities of next-generation vehicles.

About the Eclipse Foundation
The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and edge applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 300 members. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.
Third-party trademarks mentioned are the property of their respective owners.

Media contacts:
Schwartz Public Relations (Germany)
Julia Rauch/Marita Bäumer
Sendlinger Straße 42A
80331 Munich
EclipseFoundation@schwartzpr.de
+49 (89) 211 871 -70/ -62

514 Media Ltd (France, Italy, Spain)
Benoit Simoneau
benoit@514-media.com
M: +44 (0) 7891 920 370

Nichols Communications (Global Press Contact)
Jay Nichols
jay@nicholscomm.com
+1 408-772-1551

The MIL Network –

June 12, 2025
MIL-OSI: Radware Cyber Survey Uncovers Critical Weaknesses in Application Security Measures
Source: GlobeNewswire (MIL-OSI)
- Only 8% of organizations use AI-based protection solutions
- Just 6% of respondents have full documentation for all their APIs
- Half of respondents don’t know what third-party code is being used by their apps
- Only 29% of security staff are fully trained to handle API business logic attacks
MAHWAH, N.J., June 12, 2025 (GLOBE NEWSWIRE) — Radware^® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today released its new report, 2025 Cyber Survey: Application Security at a Breaking Point. The survey reveals threat areas of rapidly growing concern as organizations’ cyber defenses lag well behind. This includes a major lack of protection against AI threats, as well as API and business logic attacks, among others.

“The weaponization of AI by malicious actors is intensifying cybersecurity threats and drawing even more attention to areas where companies are simply ill-protected,” said Shira Sagiv, Radware’s vice president of product portfolio. “Internal alarms should be sounding. Companies openly admit to major concerns about gaps in cyber protection and lack of readiness, especially around web applications and APIs; yet their usage continues to climb creating even more risk and exposure.”

KEY FINDINGS

The scramble is on to catch up with AI
According to the report, the use of AI to improve and intensify hacking tradecraft is of greatest concern. Organizations have significant concerns about threat actors using AI to generate new attacks at a faster cadence, bypassing existing defenses and compromising areas that were previously too difficult to attack.
- Top concerns: The following percentage of respondents are highly or extremely concerned about hackers using AI:
  - To create/improve hacking tools – 70%.
  - To generate a larger volume of cyberattacks – 67%.
  - To launch new zero-day attack vectors – 66%.
- Large readiness gap: Despite the concerns about hackers embracing AI, only 8% of organizations are currently using AI-based solutions for defenses.
- AI adoption: Four out of five organizations plan to implement AI-based cybersecurity solutions within the next 12 months.
Security fails to keep up with sprawling API ecosystems
APIs are in a constant state of fluctuation. Organizations are increasing their use of APIs even while they remain ill-protected.
- Surge in API usage and updates: In 2025, API usage is up 42% compared to the highest rate of usage in 2023, with multiple daily updates to APIs surging 6X during the same time frame.
- Widespread third-party usage: On average, organizations are using 19 third-party APIs per application, which introduces new types of threats around data compromise that cannot be mitigated at a coding level.
- Poor business logic attack mitigation: Business logic attacks, a common form of API attacks, represent a threat area of rapidly growing concern. While 81% of respondents say it is very or extremely important to have real-time protection measures in place:
  - Just half have deployed runtime business logic protections.
  - Only 29% have security staff fully trained to detect and mitigate these attacks.
- Lack of preparedness:
  - On average, only 6% of respondents have full documentation for all their APIs.
  - Half of respondents don’t know what third-party code is being used by their web applications, which data is being leaked to third-party services, and when malicious scripts and services are introduced.
Risks to resilience continue to rise
Survey respondents expressed a lack of confidence in the effectiveness of their defensive posture against growing threats.
- Third-party breaches: Only 16% of respondents are confident in their current protection against data breach attempts of third-party services code running on their web applications.
- Costly DDoS disruptions: Downtime caused by an application DDoS attack averages $6,100 per minute or $366,000 per hour.
- High compliance pressures: An average of 54% of respondents express high or extreme concern about a range of regulations, including NIS2, HIPAA, SEC, PCI DSS 4, GDPR, DORA, and SOX.
Methodology
The survey, which was conducted with Osterman Research, includes responses from compliance, chief risk, and data privacy officers; vice presidents of research and development; senior network security administrators; senior DevOps and DevSecOps administrators; cloud security; API architects; among other titles. The survey was conducted in nine countries across North America, EMEA, APAC, and LATAM.

Radware’s complete 2025 Cyber Survey: Application Security at a Breaking Point can be downloaded here.

About Radware
Radware^® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

THIS PRESS RELEASE AND THE 2025 CYBER SURVEY: APPLICATION SECURITY AT A BREAKING POINT ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE’S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.

Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

Safe Harbor Statement
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that the weaponization of AI by malicious actors is intensifying cybersecurity threats and drawing even more attention to areas where companies are simply ill-protected and that their usage continues to climb creating even more risk and exposure, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

Media Contact:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/f5342914-5ae1-430e-a838-b75e663c5eb4

https://www.globenewswire.com/NewsRoom/AttachmentNg/83a75b37-0294-485f-a2b8-c968fd9fce15

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The MIL Network –
June 12, 2025
MIL-OSI: Cenovus Energy restores full production at Christina Lake

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, June 12, 2025 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has now safely ramped up production at its Christina Lake oil sands asset following wildfire activity in the area. Production operations restarted on June 3 and production was ramped up over the course of the week.

Site inspections confirmed there was no damage to Cenovus infrastructure. The company continues to closely monitor the overall wildfire situation in Alberta, with a focus on the safety of its people and assets. It appreciates the continued efforts of its teams who are working to keep the company’s people and assets safe, and for the provincial emergency management teams and firefighters keeping communities safe.

Cenovus Energy Inc.
Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is committed to maximizing value by developing its assets in a safe, responsible and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.

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The MIL Network –

June 12, 2025
MIL-OSI: Zinemx Exchange Upgrades Security Architecture to Safeguard User Assets

Source: GlobeNewswire (MIL-OSI)

DENVER, June 12, 2025 (GLOBE NEWSWIRE) — Recently, Zinemx Exchange has upgraded its platform security architecture, introducing a more rigorous multi-layer protection system to further enhance the security of assets and transactions. Multiple security measures, such as cold and hot wallet segregation and real-time security monitoring, ensure the platform is protected against hacker attacks and malicious operations. In the face of increasingly severe security challenges in the crypto market, Zinemx will continue to strengthen its technical defenses and compliance risk controls, providing investors with a safer and more stable trading environment.

This upgrade focuses on optimizing the cold and hot wallet segregation mechanism of Zinemx Exchange to ensure user assets receive the highest level of protection. The cold wallets employ multi-signature technology and are isolated from external networks, mitigating the risk of hacker attacks. Hot wallets implement strict fund management strategies, retaining only the necessary liquidity, and are combined with real-time fund monitoring and approval mechanisms to prevent unauthorized large fund transfers.

Zinemx Exchange adopts advanced Multi-Party Computation (MPC) technology to optimize private key storage solutions, further enhancing account security. The intelligent risk control system of the platform monitors trading activities around the clock. When abnormal trading behavior is detected, the system immediately issues an alert and takes necessary protective measures to maximize the security of user assets. The intelligent anti-scam system automatically scores user trading behavior, accurately identifying malicious attacks and preventing account theft.

To meet the diverse trading needs of investors, Zinemx Exchange offers a wide range of trading products, including spot, futures, and options. This upgrade also optimizes API interfaces, improving trading execution efficiency for institutional investors and enabling the efficient completion of large trades.

Looking ahead, Zinemx Exchange will continue to increase investment in security technology, further optimize its trading system, enhance anti-scam capabilities, and collaborate with leading international security institutions. The platform will strengthen multi-dimensional security measures, including data encryption, identity authentication, and market surveillance, to provide investors with a trustworthy crypto trading environment.

Media Contact: support@zinemx.org

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87d0bd4b-ab93-45b6-9317-8dc82993b2c2

The MIL Network –

June 12, 2025

Investors	Media
Investor Relations general line 403-766-7711	Media Relations general line 403-766-7751

Category: Business

Yorkshire second region in England to move into drought status

Claire Barrow, Yorkshire Environment, Planning and Engagement Manager, said:

Water Minister Emma Hardy said:

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