Category: Business

  • MIL-OSI Banking: Microsoft announces quarterly dividend

    Source: Microsoft

    Headline: Microsoft announces quarterly dividend

    MIL OSI Global Banks

  • MIL-OSI Russia: Dmitry Chernyshenko: About 11 thousand new rooms in modular hotels will appear in 55 regions of the country

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The moderators of the plenary session were Deputy Prime Minister Dmitry Chernyshenko and Minister of Economic Development Maxim Reshetnikov. The main topic was the changes that tourism brings to regions and cities, and economic sectors.

    The Deputy Prime Minister read out a greeting from Russian President Vladimir Putin, in which the head of state, in particular, noted: “In recent years, tourism in our country has been developing dynamically, its infrastructure has been improving, new routes and popular, creative tourism products aimed at people of different ages have been developed. And of course, the tourism industry serves as an important factor in strengthening the socio-economic potential of cities and entire regions, opens up opportunities for creating modern jobs, increasing entrepreneurial activity in related areas – trade and construction, public catering and folk crafts. It contributes to the preservation and revival of historical, architectural and cultural monuments.”

    A video greeting from Prime Minister Mikhail Mishustin was also shown at the event.

    Dmitry Chernyshenko noted that for the first time at one site, at VDNKh, the tourism potential of the entire country is presented to citizens and foreign guests of Russia: “89 entities, 140 exhibition objects, more than 400 organizations and 4 thousand participants from 30 countries of the world, who from June 10 to 15 will be immersed in the world of tourism and Russian hospitality. An extensive business program is planned within the framework of the forum, more than 50 sessions, where the most important issues of the industry development will be discussed with the participation of 350 speakers.”

    He emphasized that the Government is carrying out extensive and systematic work to develop domestic tourism.

    “Without investments in the industry, there would not be such rapid growth of the industry. It is important to maintain a positive trend and the desire of businesses to invest in domestic tourism. One of the most effective mechanisms of the national project is the preferential lending program. 367 hotels with a total of 78 thousand rooms are being created under this program. The cost of the projects is almost 2 trillion rubles,” said Dmitry Chernyshenko.

    In 2024, Moscow was visited by 26 million people, which is 2 times more than the official population of the capital. The city provides 14% of the tourist flow from the all-Russian one, and in terms of foreign trips, the figure is approaching 50%.

    Another popular measure of the national project is the creation of modular accommodation facilities. Under this program, 13 thousand rooms have already been introduced. Taking into account the demand for the program, the Government decided to extend its validity, and a selection of projects was conducted for the next three years. And just now the Ministry of Economic Development summed up the results of the next selection of projects, within the framework of which it is planned to create about 11 thousand rooms in modular hotels in 55 regions of the country.

    Dmitry Chernyshenko added that the Government has launched programs to support the development of large ski resorts. Currently, the creation of 17 new resorts from the Leningrad Region to Sakhalin is supported with a total investment of 76 billion rubles.

    Also, as part of the national project, a separate federal project “Industrial Support for Tourism” is being implemented to support domestic manufacturers. Demand for equipment has been formed: cable cars, snow cannons, snow groomers, buses, and attractions.

    The government has supported the development of Suzdal in preparation for the millennium since its foundation. This includes the construction of a road from Vladimir, and the modernization of utilities and the urban environment. Suzdal is an example of private capital participating in the formation of a unique environment for tourists and local residents.

    “Our joint goal is to make travel around Russia not just an opportunity, but a natural part of the life of every citizen,” the Deputy Prime Minister concluded.

    Maxim Reshetnikov also focused on measures to support the tourism business. He emphasized the role of a single subsidy for regions, which allows for the creation of in-demand tourism products locally.

    “We provide a significant part of the national project resources to the regions in the form of a single subsidy, giving a fairly large degree of freedom in how to use it. For three years, this is 27 billion rubles, a considerable amount. It can be used to develop the city center, create a new tourist route, navigation or tourist information center. In general, to make travel more comfortable and interesting. The growth potential of the domestic tourism market is large, there will be enough tourists for everyone. But the ability to competently and unconventionally present your local features, flavor, “tricks” comes to the fore in the competition,” noted Maxim Reshetnikov.

    Representatives of small tourism businesses from the regions shared their success stories. Among them are the founder of the Leto-Leto complex from Tyumen, which is implementing the concept of an urban resort, Vladimir Shevchik, the founder of the camping and glamping for active recreation Vetreno from the Yaroslavl region Ksenia Radchenko, the creator of the Russian gastronomic guide GreatList Alexander Sysoev, the director of the Ural design bureau Ratrak-Ural, which is engaged in the production of equipment for ski resorts, Alexander Pashnin, the general director of the ceramics factory from Suzdal Dymov Keramika Vadim Dymov, the general director of the company for the development of high-speed shipping Vodolet from Nizhny Novgorod Nikita Italyantsev.

    The Governor of Krasnodar Krai, Veniamin Kondratyev, spoke about how tourism is developing in one of the most popular holiday destinations.

    Dmitry Chernyshenko and Maxim Reshetnikov presented the Ministry of Economic Development’s badges “For Contribution to Tourism Development” for the first time.

    The Deputy Prime Minister and the guests of the forum also assessed the exhibition area of the updated route “Golden Ring of Russia”. This route received national status on the opening day of the forum. The new status cemented its role as one of the key elements of the country’s cultural and historical heritage, and also opened up new opportunities for the development of tourism infrastructure. The exhibition area of the route unites exhibits from Moscow, Vladimir, Ivanovo, Kostroma, Yaroslavl and Moscow regions. The stands present the new brand of the Golden Ring.

    The Deputy Prime Minister also inspected the exposition of the national tourist route “Silver Necklace” and the stands of the Altai Republic, Crimea, Zaporozhye Region, and Krasnodar Region.

    Among the foreign expositions, the tour program included stands of Cuba and Venezuela, where guests were greeted with Latin American songs and dances. At the stand presented by the ANO “National Priorities”, patriotic routes were discussed with the participation of the Deputy Prime Minister, and at the exposition of the state corporation “Tourism.RF” – promising investment projects for the creation of new Russian resorts and tourist clusters.

    Dmitry Chernyshenko and his delegation assessed the exposition of Russian manufacturers. They participate in the program of import substitution of equipment and machinery for the tourism industry. This is one of the areas of the national project “Tourism and Hospitality”.

    The organizer of the International Tourism Forum “Travel!” is the Roscongress Foundation together with the Ministry of Economic Development with the support of the Government of Russia and the Moscow City Tourism Committee.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: The limit of payment under the European protocol for accidents with disagreements is doubled

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The maximum amount of compensation under OSAGO when drawing up documents about an accident without calling the police (Europrotocol) in case of disagreement between the participants of the accident increases from 100 thousand to 200 thousand rubles. You can count on compensation within this limit if there is photographic evidence of damage. This rule is provided by law, which was adopted by the State Duma.

    In the absence of disagreements, the terms of payment under the European protocol remain the same. The victim receives compensation of up to 400 thousand rubles with photo recording and up to 100 thousand rubles if there is no photo recording.

    The innovation will allow accident victims to receive a larger amount of insurance compensation under the Europrotocol in case of disagreement. This will contribute to the growth of accident registration without the involvement of the State Traffic Safety Inspectorate. According to the Bank of Russia, in 2024, more than 40% of all accidents reported in the OSAGO system were registered under the Europrotocol. The amount of insurance compensation in more than 80% of such cases was less than 100 thousand rubles.

    The rule on increasing the limit will come into effect 10 days after the official publication of the law.

    For more information on the procedure for registering an accident using the Europrotocol, see the section “Questions and Answers”.

    Preview photo: Slexp880 / Shutterstock / Fotodom

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

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

    HTTPS: //VVV.KBR.ru/Press/Event/? ID = 24694

    MIL OSI Russia News

  • MIL-OSI Russia: Chinese Foreign Minister Meets with Foreign Ministers of Several African Countries

    Translation. Region: Russian Federal

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

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

    CHANGSHA, June 10 (Xinhua) — Chinese Foreign Minister Wang Yi on Tuesday held separate meetings with a number of African counterparts who arrived in China to attend the ministerial meeting of the coordinators of the implementation of the Forum on China-Africa Cooperation (FCAC) to be held in Changsha, capital of central China’s Hunan Province.

    The African foreign ministers Wang Yi met with included Kenya’s Musalia Mudavadi, Senegal’s Yassine Fall, Tanzania’s Mahmoud Thabit Kombo, Namibia’s Selma Ashipala-Musawya, Botswana’s Penyo Butale and Angola’s Tete Antonio.

    At the meeting with Mudavadi, Wang Yi, also a member of the Politburo of the CPC Central Committee, said that China is willing to work with Kenya to implement the consensus reached by the heads of state of the two countries, firmly support each other, strengthen mutual trust, consolidate the political foundation of China-Kenya relations, and continuously inject strong impetus into bilateral cooperation.

    Noting that the ministerial meeting is a gathering of Chinese and African countries, the Chinese Foreign Minister expressed confidence that it will certainly strengthen the unity of the countries of the Global South.

    He added that China attaches great importance to Kenya’s role and influence and is willing to strengthen strategic communication and coordination to jointly safeguard the legitimate rights and interests of developing countries and the fundamental norms of international relations.

    M. Mudavadi, for his part, assured that strict adherence to the one-China principle is the cornerstone of Kenya’s foreign policy, and the Kenyan side will continue to firmly stand by China. The diplomat added that Kenya expects to further deepen Kenyan-Chinese cooperation for mutual benefit and common gain.

    During the meeting with Yi Fal, Wang Yi said that China is willing to continue to share new development opportunities with African countries, including Senegal, and promote the modernization of African countries.

    Wang Yi added that China is willing to work with Senegal to uphold the concept of multilateralism and the fundamental norms of international relations, as well as the legitimate rights and interests of developing countries, international fairness and justice.

    For her part, Ya. Fall assured that Senegal firmly adheres to the one-China principle and will defend the strong friendship between the two countries, as well as between Africa and China.

    Senegal hopes to strengthen high-level exchanges with China and promote quality improvement and renewal of bilateral cooperation, the diplomat said, adding that her country welcomes increased investment from China.

    At the meeting with M. T. Kombo, the Chinese diplomat noted that Tanzania has become one of the countries where the results of the Beijing FCAS summit are being implemented most effectively, and the Chinese side appreciates Tanzania’s understanding and support for China’s legitimate position on issues affecting its core interests.

    China hopes to work with Tanzania and Zambia to revitalize the Tanzania-Zambia railway and set a model for mutually beneficial cooperation between China and Africa, Wang said.

    M. T. Kombo, for his part, thanked China for its assistance in Tanzania’s national construction and development and for providing it with a zero customs duty regime, saying that China has become one of Tanzania’s most important trade and economic partners.

    The diplomat assured that Tanzania firmly adheres to the one-China principle and is firmly committed to friendship between the two countries.

    During the meeting with S. Ashipala-Musavi, Wang Yi expressed China’s willingness to work with Namibia to continue the fine traditions of mutual trust, mutual support and sincere attitude towards each other, and help China-Namibia friendship to radiate new vitality in the new era.

    The Chinese Foreign Minister also pointed out that the two sides need to strengthen the alignment of their development strategies, promote the improvement of quality and renew mutually beneficial cooperation so that Namibia can accelerate the industrialization process and bring more benefits to its people.

    S. Ashipala-Musavi, for her part, stated that Namibia looks forward to strengthening its engagement with China and expressed firm confidence that the current ministerial meeting of coordinators will yield significant results.

    At the meeting with P. Butale, Wang Yi recalled that this year marks the 50th anniversary of the establishment of diplomatic relations between China and Botswana, pointing out that China supports Botswana in seeking an independent and self-sufficient development path.

    Noting that China is willing to work with Botswana to achieve more significant results in mutually beneficial cooperation, Wang Yi noted that China intends to further open its market to Botswana and explore opportunities to expand cooperation in areas such as trade and economy, energy, manufacturing and health care.

    P. Butale, for his part, assured that Botswana firmly adheres to the one-China principle and strives to deepen cooperation within the framework of the Belt and Road.

    At the meeting with T. Antonio, Wang Yi said that China adheres to a consistent and stable policy towards Angola, providing assistance without any political conditions.

    Wang Yi said China supports Angola’s efforts to promote national development, encourages and supports Chinese enterprises to increase investment in Angola, and hopes that Angola will protect the legitimate rights and interests of Chinese enterprises and employees in Angola.

    T. Antonio, for his part, expressed gratitude to hundreds of Chinese companies for their contribution to the development of Angola and the construction of infrastructure, adding that his country is ready to strengthen multilateral cooperation with China and properly carry out its duties as the Chairman of the African Union. –0–

    MIL OSI Russia News

  • MIL-OSI USA: Chairman Aguilar: House Democrats will continue to fight for a stronger economy and lower costs

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – June 10, 2025

    WASHINGTON, DC — Today, House Democratic Caucus Chair Pete Aguilar, Vice Chair Ted Lieu and DCCC Chair Suzan DelBene held a press conference highlighting the politically toxic Republican Budget, which throws 16 million people off their health insurance to pay for tax breaks for billionaires.

    CHAIRMAN AGUILAR: I’m grateful, as always, to be joined by Caucus Vice Chair Ted Lieu, and today we’re joined by Chair Suzan DelBene, who shared an update this morning about our path to a House majority in 2026.

    House Democrats are winning on the economy, we are winning on health care and we’re going to win back the fight for the American people to lead this country at this moment. And the weak and cowardly actions of Donald Trump are evidence of this. Just a few days ago, the world’s richest man, and Donald Trump’s biggest campaign contributor, betrayed the President and called on Republicans in the Senate to kill Trump’s signature piece of legislation—which throws 16 million people off of their health insurance to pay for more tax breaks for billionaires. Elon Musk did this not to protect the people who rely on Medicaid and food assistance to meet their basic needs, but because the bill doesn’t go far enough to enrich him and his companies. Musk even said that Trump’s reckless tariffs will cause a recession. Trump knows all of this. He knows that the Republican Budget is politically toxic, he knows that the economy is crashing because of his policies and he is desperate to change the subject. He sees the protests in Los Angeles as an excuse to unleash more chaos and distract the American people from the failing economy and his plans to cut Medicaid and food assistance. Remember: Donald Trump refused to call up the National Guard on January 6th when thousands of violent rioters stormed the U.S. Capitol in search of his own Vice President. This isn’t about law and order or protecting public safety. Donald Trump wants conflict and violence. House Democrats stand on the side of peaceful protests and condemn the violence that Donald Trump is rooting for. We will continue to fight for a stronger economy and lower costs. Vice Chair Ted Lieu.

    VICE CHAIR LIEU: Thank you, Chairman Aguilar. Peacefully protesting is an American right. It’s part of the rich tradition of our country. Burning cars, looting and destroying property are crimes, and anyone who takes advantage of this situation and engages in those crimes should be prosecuted to the fullest extent of the law. State and local law enforcement have repeatedly said they have the resources necessary to handle the situation. It is completely un-American and needlessly provocative for Donald Trump to deploy the National Guard and Marines to Southern California. So, I want to talk about the National Guard first. Their legal authority Trump is using is 10 U.S.C. Section 12406. I encourage all of you to read it. It very specifically says the only way he can do this is through the orders of the Governors of the states. Governor Newsom clearly has not given this order; the National Guard troops are following unlawful orders. I ask every National Guard person who is under this order to read the order, to see if it came from Governor Newsom and then to read the law and then decide for themselves if they are following unlawful orders. It also turns out that when Secretary Hegseth ordered this deployment, and in carrying out those orders, he put all these troops into Southern California without federal funding for food, water, fuel, equipment. They were sleeping on the floor. They were sleeping on each other. It is a complete mess. Secretary Hegseth’s repeated incompetence is next level. He needs to resign. And in terms of the Marines deployment, we should not be deploying Marines against Americans. Marines are trained to kill the enemy. What are they going to do at this protest? They’re going to shoot protesters? What exactly is their role? They are not trained to do crowd control. They are not trained to handle these kinds of situations. They are not trained for law enforcement. So I asked the President to rescind his orders. He’s being needlessly provocative and inflammatory.

    And Chairman Aguilar is right. He is losing on his Big Ugly Bill. It is going to give massive tax breaks to billionaires and it’s going to be funded by the greatest health care cuts in U.S. history. So, do not fall for the trap that the President is laying here with his shiny objects that he’s trying to do. Focus on how he’s messing up the economy, messing up your health care. And with that, I want to introduce our amazing DCCC Chair Suzan DelBene from Washington, she’s going to be the field general that leads us to flipping the House next year.

    DCCC CHAIR DELBENE: Thanks to Chair Aguilar and Vice Chair Lieu. This morning, in Caucus, we presented research on how House Republicans will lose the majority next year because of their One Big Broken Promise. It’s been only two weeks since House Republicans narrowly passed their legislation, and the more people learn about it, the more unpopular it becomes. Across the country, Americans have come out strongly against this tax scam. They’ve held protests outside of Republicans’ district offices against the cuts to Medicaid and nutrition programs. And in the very few in-person town halls that Republicans have held, we’ve seen incredibly large crowds turn out in opposition to their legislation. But, despite the overwhelming local opposition to the Big Ugly Bill from their constituents, vulnerable House Republicans are embracing it and resorting to lies when talking about it. Well, they can lie all they want, but there’s no denying the objective harm that it will cause. Independent, non-partisan analysts have said that instead of lowering costs for everyday people, House Republicans’ Big Ugly Bill raises costs on them. It will kick 16 million Americans off of their health insurance. It cuts food assistance programs, like free school lunch. It takes a chainsaw to these popular programs to pay for tax breaks for the wealthiest few.

    This Big Ugly Bill affirms everything voters already think about Republicans: that they don’t work for the American people, they work for the billionaire class. It’s clear that public support for the Republican agenda is cratering. Recent public polling shows that a majority of voters in House Republican battleground districts oppose the bill. They also revealed that most Americans agree that the GOP tax scam will help the wealthy and hurt working families. These public surveys line up with the internal research we’ve done in partnership with our Senate colleagues, and it’s what we presented to the Caucus this morning. We found that just 25% of voters think the GOP tax scam will help them and their families. The same internal research showed that Republicans’ massive cuts to popular programs are toxic with voters. We see there is a clear argument that is incredibly persuasive to voters. Instead of lowering costs, Republicans are raising costs, cutting health care and food assistance to pay for billionaire tax giveaways. 

    This vote is the defining contrast of the midterms. Remember, every single vulnerable House Republican voted for this disastrous piece of legislation. And since it passed by one vote, each one casts the deciding vote, any one of them could have stood up to stop it. But instead, they sided with the ultra-wealthy, while costs are out of control and everyday Americans are struggling. With this vote, vulnerable House Republicans have already sealed their political fate, and it’s one that they will come to regret next year when House Democrats retake the majority. Thank you. 

    Video of the full press conference and Q&A can be viewed here.

    ###

    MIL OSI USA News

  • MIL-OSI USA: America’s Job Creators Back the One Big Beautiful Bill

    US Senate News:

    Source: US Whitehouse
    Small business owners say taxes are their biggest worry right now — but help is on the way.
    In fact, small business owners overwhelmingly back the historic tax relief in President Donald J. Trump’s One Big Beautiful Bill, according to new polling:
    By a four-to-one margin, small business owners support extending the Trump Tax Cuts by passing the One Big Beautiful Bill.
    71% of small businesses support maintaining and expanding the small business tax deduction (which the One Big Beautiful Bill does).
    70% of small businesses say they’re likely to expand or reinvest in their business, boost worker wages or benefits, hire more employees, or increase charitable giving if the Trump Tax Cuts are extended.
    64% of small businesses say they’re likely to delay expansion, get a loan, reduce inventory, reduce employees, or reduce hours or wages if the Trump Tax Cuts expire.
    63% of small businesses say No Tax on Tips and No Tax on Overtime will make it easier to hire workers.
    Las Vegas Review-Journal: The big beautiful tax bill will bolster small business
    “While there are numerous provisions in this bill that would support America’s small businesses, the update to Section 199A, the qualified business income deduction, would allow small businesses to thrive. This deduction is crucial for small businesses, allowing owners to deduct qualified business income. For many small businesses, this deduction has enabled them to remain afloat despite challenging market conditions.”
    Inc.: Trump’s ‘Big Beautiful Bill’ Offers a Big Tax Win for Small Businesses
    “Among its many provisions are an increased tax deduction for qualified business income at pass-through companies; a higher deduction for state and local taxes; and the extension of various other corporate and individual tax cuts that President Trump passed during his first term, which are otherwise set to expire at the end of this year. The total tax cut included in the bill is estimated to be around $4 trillion.”
    National Federation of Independent Business: One Big Beautiful Bill Act is one of the most pro-small business pieces of legislation in recent history
    “The National Federation of Independent Business (NFIB) supports the One Big Beautiful Bill Act because it is one of the most pro-small business pieces of legislation in recent history. The bill prevents a massive tax hike on over 33 million small business owners, while also providing a tax cut for most small business owners.”

    MIL OSI USA News

  • MIL-OSI Economics: Phillips 66 to Speak at the J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference

    Source: Phillips

    Phillips 66 to Speak at the J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference

    HOUSTON–(BUSINESS WIRE)– Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), will participate in a fireside chat at the J.P. Morgan 2025 Energy, Power, Renewables & Mining Conference at 10:55 a.m. ET on Tuesday, June 24, 2025. Also in attendance will be Kevin Mitchell, executive vice president and CFO, and Jeff Dietert, vice president of Investor Relations.
    To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay will be archived on the Events and Presentations page the day after the event, and a transcript will be available at a later date.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

    Source: Phillips 66

    MIL OSI Economics

  • MIL-Evening Report: Novelty, negativity and no politicians: research reveals what makes some images more engaging than others

    Source: The Conversation (Au and NZ) – By T.J. Thomson, Senior Lecturer in Visual Communication & Digital Media, RMIT University

    T.J. Thomson

    We see hundreds or thousands of images each day – but not all of them stand out to us. Why are some visuals more engaging than others? In an attention economy, where creators and organisations battle for our eyeballs, knowing the answer has never been more important.

    To address this question, we asked about 100 people across three different communities in Australia to rank photos from least to most engaging. We analysed the rankings, and interviewed respondents to understand the “why” behind their choices.

    Our new research reveals three interrelated criteria that affect why audiences engage with some images more than others. These are: the content of an image, how the images is presented, and who is seeing and reacting to it.

    What content makes for an engaging image?

    Who or what is shown, and how, markedly affects how someone engages with an image.

    We found viewers generally considered images with other people in them – and particularly images with faces – as more engaging than those without.

    The number of people or objects in the frame also mattered. Fewer objects resulted in simpler compositions that were easier to parse and, as a result, more eye-catching.

    Along the same lines, images were generally more engaging when they had a focal point (which would ideally be offset from the centre of the frame), compared to those with a lack of a focal point and arbitrary framing.

    However, centring the focal point worked well in symmetrical compositions, or when the frame was square.

    Participants ranked posed photos as less engaging than seemingly candid shots – appreciating the authenticity of the latter. They also ranked text-heavy images, such as those with people standing by or holding signs, as less engaging than action shots.

    In terms of emotional tone, images that showed negativity, conflict, or drama were ranked as more engaging than those that showed positivity. In the words of one interviewee:

    People always have a weird interest in yucky things. You’re like, ‘Oh, is
    someone dead?’ or you’re interested in the ‘Why?’ It’s intriguing.

    Participants preferred images that showed something they didn’t see every day, such as a rare double rainbow, or a visit from a prominent figure to a community.

    Novel camera angles also generated interest. This is partly why drone shots are so popular. They provide a new perspective and tend to be less “cluttered” than vision captured from the ground.

    In terms of visual depth, images with a clear foreground, mid-ground, and background were found to be more visually interesting than those with just a mid-ground and background.

    Presentation factors

    If you’re always tempted to apply black and white or muted filters to your images, think again.

    Our participants regarded images with bright and bold colours as more engaging than drab ones. This was even true for photos with conventionally boring subject matter. Colour, we found, can make or break an image.

    Size mattered, too. Viewers generally regarded larger images as more engaging than their smaller counterparts. Larger images were more eye-catching and could accommodate “busier” compositions, compared to smaller images that might be viewed on smaller smartphone screens.

    Viewers also relied on captions or accompanying descriptions to determine whether an image was relevant, local, or produced by trustworthy or notable figures – all three of which played a role in how “engaging” they found a particular image.

    What you bring to the viewing

    Your personal attributes and experiences shape how you interact with visual media.

    For instance, seeing a photo of the Sydney Opera House when you’ve never been there is different to seeing a photo after you’ve seen it in person. In the latter case, you bring your own memories and experiences to the viewing, and these can positively or negatively affect your engagement.

    We found engagement with an image was likely to be higher if the image depicted faces or places that were “local” to the viewer. For most viewers, obviously posed stock images were forgettable.

    To a degree, engagement behaviours were also shaped by what was interesting to a viewer’s friends, families, and other people they deemed important. As one 70-year-old participant explained:

    My grandchildren play sport, so I’m always interested in [seeing photos of] that.

    Winning and losing themes

    On average, some topics were considered more engaging than others. For example, images related to health and crisis situations were more widely relevant and engaging than sports or education.

    That said, not all widely relevant topics were necessarily engaging. For example, our participants ranked photos of politicians as unengaging. Although they acknowledged politics is important, many said these photos were boring or off-putting.

    How to stand out with your images

    The above insights into engagement behaviours can be used by anyone looking to spruce up their photos.

    When you’re making, editing, or publishing an image, carefully consider its content, the presentation circumstances and your audience.

    One key piece of advice is to focus on the action rather than the outcome. For instance, rather than showing an award-winner with their trophy, show what they did to earn that trophy. Also remember to keep your audience’s attributes in mind, and try to cater for them.

    Doing so will give your images the best chance to stand out among the billions of others circulating online each day.

    T.J. Thomson receives funding from the Australian Research Council. He is an affiliated researcher with the ARC Centre of Excellence for Automated Decision-Making & Society.

    Rachael Anderson 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. Novelty, negativity and no politicians: research reveals what makes some images more engaging than others – https://theconversation.com/novelty-negativity-and-no-politicians-research-reveals-what-makes-some-images-more-engaging-than-others-255612

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Governor Lamont Announces Connecticut Sending Delegation on Business Recruitment Mission to the Paris Air Show

    Source: US State of Connecticut

    (HARTFORD, CT) – Governor Ned Lamont today announced that he will be joining a delegation of Connecticut state officials and business leaders at the 2025 Paris Air Show as part of a business recruitment mission intended to strengthen and support the state’s aerospace industry and the thousands of local jobs that it supports.

    The aerospace industry employs nearly 30,000 people in Connecticut, the third highest concentration of aerospace employment in the U.S. The aerospace and defense industry accounts for more than 32% of Connecticut’s total exports.

    “Connecticut is one of the top places in the world for aerospace companies to grow and develop, and it is our mission to help our state’s existing aerospace companies thrive and meet with international companies that are looking to establish operations in the U.S. market,” Governor Lamont said. “We want more of the world’s aerospace products to be made in Connecticut, where the world’s best and most talented workforce is located.”

    The Paris Air Show is considered one of the most important tradeshows of its kind in the world and is attended by world leaders, governors of several U.S. states, military officials, and some of the top business executives of the commercial aerospace and defense industry. More than 2,454 aerospace and defense companies from throughout the world will be exhibiting.

    Governor Lamont will be attending from June 15 to June 17, and his schedule includes attending industry networking events and meeting with several aerospace companies that have expressed interest in establishing operations in the United States. Other officials who are part of Connecticut’s delegation include Connecticut Department of Economic and Community Development Commissioner Daniel O’Keefe, Connecticut Chief Manufacturing Officer Paul Lavoie, and Advance CT President and CEO John Bourdeaux.

    The State of Connecticut is sponsoring its own booth that will be occupied by ten aerospace companies with operations in the state, whose executives will be working to secure contracts for their products and services. These companies include:

    • Air Industries Group
    • Enjet Aero
    • Precision Sensors
    • NE-XT Technologies
    • Jonal Laboratories
    • Forecast International
    • Reno Machine
    • Production Metals, A Division of Ryerson
    • Mott Corporation
    • New England Airfoil Products (NEAP)

    “We are excited to be in Paris with a full delegation to demonstrate the critical role Connecticut plays in the aerospace industry,” Commissioner O’Keefe said. “We are here to support our aerospace manufacturers, compete for businesses, introduce the show’s participants to our world-class workforce, and make sure that global companies know that our state is one of the top aerospace markets in the world.”

    “We are here because Connecticut is an important player in the global aerospace ecosystem,” Bourdeaux said. “We invest a lot of time and resources into the Paris Air Show because it is a place where business gets done. We must be here to compete against other states, and I am proud to say that Connecticut competes very well in this industry. We have a strong track record in the aerospace sector, and we continue to be successful at bringing new corporate investors to our state.”

    Connecticut is the #1 state in the U.S. for aircraft engine and engine parts manufacturing, which contributes more than $6.6 billion to Connecticut’s GDP. Airbus North America Chairman and CEO Robin Hayes called Connecticut the company’s #1 supplier state, with more than one-third of their total U.S. spend going to Connecticut.

    Connecticut has been participating in the Paris Air Show and the Farnborough International Air Show in England, which are held in alternating years, since 2006. These two tradeshows are considered the two most important events in the world for the global aerospace industry.

    At the 2023 Paris Air Show, conversations between Governor Lamont, AdvanceCT, and Hanwha Aerospace resulted in Hanwha relocating its International Engines Business from South Korea to Cheshire, Connecticut.

     

    MIL OSI USA News

  • MIL-OSI USA: Cortez Masto, Banks Introduce Legislation to Address Excessive Executive Pay Within Federal Home Loan Banks System

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – U.S. Senators Catherine Cortez Masto (D-Nev.) and Jim Banks (R-Ind.) introduced the Curbing Unreasonable Remuneration at Banks (CURB) Act. This bipartisan legislation grants the Director of the Federal Housing Finance Agency the authority to set reasonable compensation levels for senior executives. 
    “While the Federal Home Loan Bank system has continued to fail to meaningfully invest in affordable housing and community development, it pays its executives millions each year,” said Senator Cortez Masto. “This bipartisan legislation gives the Federal Housing Finance Agency more oversight over FHLBanks executives’ compensation to help make sure the system delivers for working families.”
    “Federal Home Loan Banks exist to help Americans buy homes, not to pad the pockets of executives,” said Senator Banks.“This bill keeps FHLBs on mission and empowers President Trump and FHFA Director Pulte to eliminate excessive pay and waste of government resources.”
    Over the years, the Federal Home Loan Banks’ mission of supporting affordable housing and community lending has taken a back seat to incentivizing profit-driven behavior. As government-sponsored enterprises, FHLBs operate with public backing, including access to low-cost borrowing through government-implied guarantees and exemption from income tax, which gives them a unique responsibility to prioritize their mission and the public interest. However, a 2023 report from the FHFA indicated that executives earned bonuses tied to financial performance metrics that did not advance affordable housing goals. The CURB Act direct the Federal Housing Finance Agency to oversee and establish more reasonable salaries and bonuses.
    Full bill text can be found here.
    Throughout her time representing Nevada, Senator Cortez Masto has made reforming the Federal Home Loan Banks a cornerstone of her work. In April, Cortez Masto introduced the Federal Home Loan Banks’ Mission Implementation Act, which would ensure the FHLBanks are re-focused on their mission to support housing finance and community development. In Congress, Senator Cortez Masto has also highlighted the fact that Nevada has been treated unfairly by the system, and she has sought additional investment in Nevada by the FHLBank of San Francisco resulting in the first-in-the nation targeted Affordable Housing Program for the state.

    MIL OSI USA News

  • MIL-OSI USA: Ensuring Access to Mental Health Services

    Source: US State of New York

    overnor Hochul today announced that all Medicaid managed care plans operating in New York State have improved compliance with rules for fair access to mental health and substance use disorder services, even as the Trump Administration rolls back enforcement of these critical protections. Among the plans reviewed by the New York State Office of Mental Health (OMH), the Capital District Physicians’ Health Plan, Inc. and Excellus BlueCross BlueShield were found to be 100 percent compliant with all regulations.

    “While the Trump Administration sleeps on regulations aimed at ensuring access to critical behavioral health services, New York State has achieved landmark reforms and is holding insurance companies accountable so that all New Yorkers can get coverage for this critical care,” Governor Hochul said. “The gains in compliance we’re seeing today reflect our steadfast commitment to ensuring these carriers cover critical mental health services and don’t restrict access to care.”

    Last month, the Trump administration indicated in a federal court filing that it does not intend to enforce certain mental health parity regulations, including rules requiring insurance companies apply fair standards for behavioral health services. These regulations prevent insurers from imposing additional barriers — such as prior authorization requirements or restrictive provider networks — making it harder for patients to access mental health and substance use care as compared to physical health services.

    In contrast, New York State has been actively taking steps to ensure Medicaid managed care plans are complying with regulations and providing New Yorkers with the coverage they are entitled to receive under law. The State Office of Mental Health reviewed six nonquantitative treatment limitations — provisions that are sometimes manipulated by these plans to restrict access to necessary behavioral health care — and found all carriers in compliance.

    In addition, OMH’s comprehensive and rigorous examination also determined that both the Capital District Physicians’ Health Plan, Inc. and Excellus BlueCross BlueShield were fully compliant with all 19 nonquantitative treatment limitations.

    OMH, however, also found that most managed care plans did not fully demonstrate compliance with other provisions with the Mental Health Parity and Addiction Equity Act. Some continually applied a different rate-setting process for behavioral health services and reimbursing providers for less than they would for medical and surgical services.

    New York State has worked to hold managed care plans accountable for these violations. During a similar review of behavioral health claims filed between 2018 to 2020, OMH uncovered high levels of inappropriate denials for specialty services claims, including $39 million between December 2017 and May 2018. New York State took enforcement action on all 15 Medicaid managed care plans, issuing a total of 95 citations between 2019 and 2021, resulting in fines to 11 carriers totaling more than $1 million.

    Resulting fines were used to fund the Community Health Access to Addiction and Mental Healthcare Project, also known as CHAMP. This program is the State’s independent health insurance ombudsman program for behavioral health care, which helps New Yorkers access treatment and insurance coverage for substance use and mental health treatment.

    New York State Office of Mental Health Commissioner Dr. Ann Sullivan said, “Managed care plans have a legal obligation to cover behavioral health services and reimburse this treatment at or above the rates prescribed by law. Our efforts to hold Medicaid insurers accountable is removing barriers to care and helping New Yorkers get the mental health treatment they need. This work reflects Governor Hochul’s commitment to ensuring all New Yorkers have access to quality mental health care throughout our state.”

    New York State Department of Health Commissioner Dr. James McDonald said, “Access to harm reduction and mental health services saves lives and the measures taken under Governor Hochul’s leadership ensures Medicaid managed care plans are complying with the regulations and are creating no limitations to care for New Yorkers who rely on these services. Access to affordable coverage is a matter of health equity and the State Department of Health will continue to work with our state and local partners to expand access to harm reduction and mental health services and eliminate health disparities in New York State.”

    State Senator Samra G. Brouk said, “As the Federal Government rolls back support for Medicaid, New York State is fighting to increase access to behavioral health services. As Chair of the Senate Mental Health Committee, I am working alongside my colleagues to make sure that federal parity rules remain in place, in spite of the Trump Administration’s failures to protect them. I applaud Governor Hochul for prioritizing behavioral health care and ensuring that Medicaid managed care plans are in compliance to provide New Yorkers with the health coverage they deserve.”

    State Senator Nathalia Fernandez said, “Today’s announcement from Governor Hochul reminds us that every New Yorker deserves mental health care. At a time when the federal government is rolling back critical protections, New York is sending a message that we are building a future where every New Yorker can get the help they need, no matter who they are or where they come from.”

    OMH monitors managed care organizations on an ongoing basis to ensure they are properly providing behavioral health services to their members. The agency works in partnership with the Department of Health, which has the legal authority to apply fines and enforce compliance in the Medicaid program.

    Under Governor Hochul’s leadership, New York is leading the nation in requiring health insurers to cover behavioral health services and continues to develop tools to ensure these companies are following all applicable laws. New York State’s new network adequacy standards will go into effect starting in July, entitling New Yorkers to an initial appointment for behavioral health care within 10 business days of the request, or seven calendar days following hospital discharge. Insurers unable to meet these timeframes will have to offer out-of-network mental health or substance use disorder coverage without increasing the cost for the consumer.

    The state now also requires commercial insurers to reimburse covered outpatient mental health and substance use disorder services provided by in-network OMH and Office of Addiction Services and Supports facilities at no less than the Medicaid rate. In the FY 2026 Enacted State Budget, Governor Hochul also secured $1 million to ensure that insurers are providing the mental health care coverage policyholders deserve including new resources to strengthen compliance oversight, educating consumers and providers, and investigating and mediating complaints.

    Governor Hochul also helped secure a state Medicaid waiver to cover social determinants of health, required commercial and Medicaid health plans to use transparent, nonprofit clinical guidelines and cover all medically necessary treatments.

    MIL OSI USA News

  • MIL-OSI USA: FEMA Assistance for Those with Insurance

    Source: US Federal Emergency Management Agency

    Headline: FEMA Assistance for Those with Insurance

    FEMA Assistance for Those with Insurance

    JACKSON, Miss

    – While FEMA cannot pay for the same things your insurance covers, FEMA may be able to provide additional money if your insurance settlement doesn’t cover all your essential disaster damage

       Residents in Covington, Grenada, Issaquena, Itawamba, Jefferson Davis, Leflore, Marion, Montgomery, Pike, Smith, and Walthall counties can apply for FEMA assistance for those repairs as well as for certain personal property lost or damaged in the disaster and not covered by insurance

    Also, if a decision on your insurance settlement for disaster-caused damage has been delayed longer than 30 days from the time you filed the claim, you may be eligible for an insurance advance payment from FEMA

    These funds are considered a loan and must be repaid to FEMA once you receive your settlement from your insurance company

    When you apply with FEMA, you are required to inform FEMA of all insurance (flood, homeowners, vehicle, mobile home, medical, burial, etc

    ) coverage that may be available to you

    How To Apply for FEMA Individual AssistanceApply at DisasterAssistance

    gov

    Visit a FEMA Disaster Recovery Center

    To find your nearest Disaster Recovery Center, visit fema

    gov/drc

    Call FEMA at 800-621-3362

    Help is available in most languages

    If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA your number for that service

    Download and use the FEMA app

    For the latest information about Mississippi’s recovery, visit msema

    org or fema

    gov/disaster/4874

    joy

    li
    Tue, 06/10/2025 – 16:29

    MIL OSI USA News

  • MIL-OSI USA: Disaster Assistance Available at One-Day Events in Oklahoma and Logan Counties

    Source: US Federal Emergency Management Agency

    Headline: Disaster Assistance Available at One-Day Events in Oklahoma and Logan Counties

    Disaster Assistance Available at One-Day Events in Oklahoma and Logan Counties

    OKLAHOMA CITY – In coordination with the State of Oklahoma, FEMA and the U

    S

    Small Business Administration (SBA) will be supporting two community pop-up events this week to help survivors of the March wildfires

    Residents can visit the one-day pop-up sites to meet with representatives from FEMA and SBA

    Representatives can assist with registrations, checking the status of applications, and answering questions regarding disaster assistance

    No appointment is necessary

    The pop-up site locations and hours are:Oklahoma CountyLuther Community Center18120 Hogback Road  Luther, OK  730549 a

    m

    – 6 p

    m

    , Thursday, June 12      Logan CountyMeridian Fire Department12250 Highway 105Guthrie, OK  730589 a

    m

    – 4 p

    m

    , Saturday, June 14 Three additional sites are open throughout the week to assist survivors

    Those locations and hours are:Creek County   First Baptist Church of Mannford105 Greenwood AvenueMannford, OK  74044  9 a

    m

    – 6 p

    m

    Monday – Friday8:30 a

    m

    – 4:30 p

    m

    Wednesday Payne CountyCity of Stillwater Community CenterRoom 102315 W 8th Avenue       Stillwater, OK 740749 a

    m

    to 6 p

    m

    Monday – Friday Transitioning to new facility June 12 Pawnee CountyFirst Baptist Church of Cleveland201 W

    Crestview DriveCleveland, OK  740208 a

    m

    to 5 p

    m

    Monday – Friday  The U

    S

    Small Business Administration (SBA) is offering low-interest disaster loans to homeowners, renters, private nonprofit organizations and businesses of any size

    The SBA disaster loan program is designed to help survivors with their long-term recovery needs

    Oklahomans can also apply for an SBA disaster loan online at SBA

    gov/disaster or by calling 800-659-2955

      SBA representatives are also available to provide one-on-one assistance to disaster loan applicants at:Lincoln CountyCarney High School203 Carney StreetCarney, OK  74832Regular Hours: 9 a

    m

    to 6 p

    m

    Monday – Friday  Logan CountyLogan County Courthouse Annex Old Girl Scout Room312 East Harrison Avenue        Guthrie, OK  730449 a

    m

    to 6 p

    m

    Monday – Friday  Homeowners and renters in Cleveland, Creek, Lincoln, Logan, Oklahoma, Pawnee, and Payne counties affected by the March 14-21 wildfires may be eligible for FEMA assistance for losses not covered by insurance

    Survivors do not have to visit a community site to register for FEMA Assistance

    To apply, homeowners and renters can:Go online to DisasterAssistance

    govDownload the FEMA App for mobile devices Call the FEMA helpline at 800-621-3362 between 6 a

    m

    and 10 p

    m

    CT

    Help is available in most languages

     To view an accessible video about how to apply visit: Three Ways to Register for FEMA Disaster Assistance – YouTubeFor the latest information about Oklahoma’s recovery, visit  fema

    gov/disaster/4866

     Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6/

    thomas

    wise
    Tue, 06/10/2025 – 16:00

    MIL OSI USA News

  • MIL-OSI Russia: Azerbaijan signed a contract with the German company SEFE to increase gas supplies to Europe

    Translation. Region: Russian Federal

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

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

    Baku, June 10 (Xinhua) — Azerbaijan’s state oil and gas company SOCAR and Germany’s state energy company SEFE (Securing Energy for Europe) have signed a 10-year contract on natural gas supplies, SOCAR said on Tuesday.

    According to the document, SOCAR will supply natural gas to Europe for SEFE. The volume of supplies will gradually increase to 15 terawatt-hours /TWh/ annually, which is about 1.5 billion cubic meters of gas.

    The agreement will support investment in production and infrastructure, including gas compressors, which will increase pipeline gas supplies to Europe and strengthen the region’s energy security.

    “This long-term contract underlines the strong partnership between Germany and Azerbaijan. It opens up a new route for significant volumes of gas to Europe, diversifying our portfolio and increasing security of supply for customers,” said SEFE CEO Egbert Lege.

    SOCAR President Rovshan Najaf, for his part, stressed: “The agreement is an important step in strengthening Europe’s energy security. The supply of significant volumes of SEFE gas strengthens cooperation between Azerbaijan and Germany, contributing to energy diversification and sustainable development in Europe.” –0–

    MIL OSI Russia News

  • MIL-OSI: Purpose Unlimited Announces Completion of Steadyhand Acquisition

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 10, 2025 (GLOBE NEWSWIRE) — Purpose Unlimited Inc. (“Purpose” or “Purpose Unlimited”), a rapidly growing Canadian financial services firm, announced today that it has completed its acquisition of Steadyhand Investment Management Ltd. and Steadyhand Investment Funds Inc. (collectively, “Steadyhand”), an independent Vancouver-based wealth management firm with approximately $1.3 billion in assets serving Canadian investors.

    “We’re excited to begin this new chapter with Steadyhand,” said Som Seif, founder and CEO of Purpose Unlimited. “Steadyhand has earned a remarkable reputation for putting investors first, with a disciplined, outcome-focused approach and exceptional client care. While Purpose brings a broader platform and an innovative mindset, we’ve long respected how Steadyhand serves its clients—and we’re committed to preserving what makes it unique, while working together to enhance what’s possible for Canadians as we grow together.”

    The acquisition results in Steadyhand becoming wholly owned by Purpose, bringing together the companies’ resources, management teams, and product offerings and increasing Purpose’s total assets to over $30 billion on its platform.

    Following the closing of the acquisition, all investment funds and portfolios previously managed by Steadyhand Investment Management Ltd. will now be managed by Purpose Investments Inc., Purpose’s asset management business and a wholly owned subsidiary of Purpose.

    “Our clients’ success has always been our north star,” said Tom Bradley, Chair and co-founder of Steadyhand. “Joining forces with Purpose allows us to deepen that commitment, while maintaining the independence and integrity that have defined Steadyhand since day one.”

    About Purpose Unlimited

    Purpose Unlimited is a bold collective reshaping the future of finance to empower Canadians—advisors, investors, and entrepreneurs alike—to live with confidence and pursue their dreams. Founded and led by entrepreneur Som Seif, Purpose is redefining the financial industry by putting people first and delivering innovative solutions that shape the future of finance. With cutting-edge technology and a diverse suite of products and services, Purpose gives Canadians the tools, insights, and confidence they need to go further—whether it’s growing their wealth, building their business, or helping others invest. Purpose’s businesses span asset and wealth management and small business financing, including Purpose Investments, Driven by Purpose, Advisor Solutions by Purpose, and Longevity. For more information, visit purpose-unlimited.com.

    About Steadyhand 

    Steadyhand is a low-fee investment firm with a mission of providing Canadians with a better investing outcome and a simpler, more personalized experience. It offers clear-cut advice, customized plans, and most importantly, a steady hand, to help investors achieve their financial goals. Steadyhand has approximately $1.3 billion of assets under management with offices in Vancouver and Toronto. 

    For further information, please contact: 

    Jeff Gans 
    Chief Client Officer 
    Purpose Unlimited 
    jeff.gans@purpose.ca

    For media inquiries, contact:
    Keera Hart
    keera.hart@kaiserpartners.com 
    905-580-1257

    The MIL Network

  • MIL-OSI: AMSC Announces Proposed Public Offering of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    AYER, Mass., June 10, 2025 (GLOBE NEWSWIRE) — American Superconductor Corporation (Nasdaq: AMSC), a leading system provider of megawatt-scale power resiliency solutions that orchestrate the rhythm and harmony of power on the grid™ and protect and expand the capability and resiliency of our Navy’s fleet, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. AMSC also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. AMSC intends to use the net proceeds from the proposed offering for working capital and general corporate purposes, including potential strategic acquisitions.

    Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering.

    A shelf registration statement relating to the shares of common stock to be issued in the proposed offering was filed with the Securities and Exchange Commission (SEC) and is effective. The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the securities being offered may also be obtained, when available, from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at EquityProspectus@opco.com. Electronic copies of the preliminary prospectus supplement and accompanying prospectus will also be available on the SEC’s website at http://www.sec.gov. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, among other things, statements regarding the completion of the offering and the intended use of net proceeds therefrom, and other statements containing the words “intends,” “believes,” “anticipates,” “plans,” “expects,” “will” and similar expressions. Such forward-looking statements represent management’s current expectations and are inherently uncertain. There are a number of important factors that could materially impact the value of AMSC’s common stock or cause actual results to differ materially from those indicated by such forward-looking statements. These important factors include, but are not limited to: the risk and uncertainties associated with market conditions and satisfaction of customary closing conditions related to the public offering, as well as risks and uncertainties in AMSC’s business, including those risks discussed in the “Risk Factors” section in the preliminary prospectus supplement related to the offering and in Part I, Item 1A of AMSC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025 and AMSC’s other reports filed with the SEC. These important factors, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Any such forward-looking statements represent management’s estimates as of the date of this press release. While AMSC may elect to update such forward-looking statements at some point in the future, AMSC disclaims any obligation to do so, even if subsequent events cause its views to change. These forward-looking statements should not be relied upon as representing its views as of any date subsequent to the date of this press release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Contacts

    Nicol Golez
    Phone: 978-399-8344
    Nicol.Golez@amsc.com

    Investor Relations
    Carolyn Capaccio
    (212) 838-3777
    amscIR@allianceadvisors.com

    Public Relations
    RooneyPartners
    Joe Luongo
    (914) 906-5903
    jluongo@rooneypartners.com

    The MIL Network

  • MIL-OSI: XRP Surges Past $2.40 as Investors Flock to PFM CRYPTO, Redefining AI-Powered Cloud Mining with the Official Launch of Its XRP Mining Project

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 10, 2025 (GLOBE NEWSWIRE) — As XRP prices break above $2.00 and reclaim the spotlight among top cryptocurrencies, a fresh wave of investor attention is turning toward a rapidly emerging but lesser-known project on the XRP Ledger: PFM CRYPTO ( PFMCrypto XRP Mining ).

    Given XRP’s resilience and strong fundamentals, many XRP holders are now looking to PFM CRYPTO—a next-generation, AI-powered XRP mining initiative. By launching a 2-day XRP cloud mining contract, the platform offers investors a flexible and efficient opportunity to grow their XRP holdings. The initiative is designed to unlock strong market demand for low-barrier, high-liquidity XRP investment products.

    Why PFM CRYPTO Is the XRP Mining Project Everyone Is Watching
    While XRP continues to dominate headlines in the broader crypto market, PFM CRYPTO is quietly emerging as one of the most promising XRP mining projects of 2025.

    PFM CRYPTO fills a much-needed gap in the XRP ecosystem by integrating powerful computing power rental services, flexible and efficient contract options, and an AI-driven yield optimization system—all built into a user-first platform. With ultra-low entry thresholds, flexible durations, and stable returns, this XRP mining-focused solution has quickly gained favor among both XRP holders and short-term investors. In just one week, the number of short-term XRP investors on the platform surged by 300%.

    Flexible XRP Mining Plans Now Available on PFM CRYPTO:

    2-Day Strategy: +6.6% Return
    5-Day Strategy: +6.15% Return
    15-Day Strategy: +20.7% Return
    30-Day Strategy: +55.6% Return

    These performance figures are not speculative projections—they’re based on real usage data from millions of users. This is made possible by PFMCrypto’s AI-powered profit optimization engine and results-oriented XRP mining model.

    One of the most attractive aspects of the XRP Mining plans is the ultra-low investment requirement and flexible contract periods. For example, the 2-day XRP Mining strategy starts at just $100.

    Why Getting Started with PFMCrypto XRP Mining Is Easy for Everyone
    No Hardware Required: Users can mine XRP by leveraging the platform’s powerful hash power—no need to purchase costly equipment.

    Zero Maintenance Costs: PFMCrypto covers all electricity, repair, and operational needs. After purchasing a plan, users can sit back and enjoy the returns—even beginners can start mining in just minutes.

    Beginner Friendly: No technical expertise required. New users receive a $10 registration bonus instantly.

    Daily Stable Returns: Daily earnings are withdrawable, and the principal is fully refunded at the end of the contract—ensuring capital protection.

    Since its founding in 2018, PFMCrypto has expanded cloud mining operations across BTC, ETH, LTC, DOGE, and SOL in 192 countries and regions, serving over 9.2 million active users globally. With the launch of the 2-day XRP contract, PFMCrypto is now opening access to its high-performance XRP cloud mining infrastructure, quickly becoming a preferred choice for XRP holders and short-term investors alike.

    How to Start XRP Cloud Mining with PFMCrypto
    1. Register: Sign up today and receive a $10 welcome bonus, plus $0.60 in daily sign-in rewards.

    2. Choose a Contract: Select a mining plan that matches your budget and financial goals. All available plans support XRP Mining.

    3. Start Earning: Once your contract is activated, PFMCrypto’s intelligent platform handles the rest—ensuring seamless and efficient mining operations to maximize your profits.

    About PFMCrypto
    Founded in 2018, PFMCrypto represents a new generation of AI-driven cloud mining technology built on the pillars of data, performance, and trust. The platform supports cloud mining for XRP, BTC, ETH, LTC, DOGE, and SOL. Backed by a fast-growing global user base, PFMCrypto stands out in 2025 as one of the most promising cryptocurrency investment opportunities—especially for those seeking sustainable, long-term returns rather than speculative gains.

    Full details and participation options available at: https://pfmcrypto.net

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ec87f5b9-814a-4596-8866-21353758577c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/017b3645-aa84-4c7b-aaaa-7f333b508b67

    The MIL Network

  • MIL-OSI: ACM Research Announces the Publication of ACM Shanghai’s 2024 ESG Report

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., June 10, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced the availability of an English version of the 2024 Environmental, Social, and Governance (ESG) report prepared by its principal operating subsidiary ACM Research (Shanghai) Inc. (“ACM Shanghai”). The English version is now available here on ACM’s website under the ESG Reports section. The original Chinese version of the report was published here in February 2025 by ACM Shanghai on the Shanghai Stock Exchange website.

    Dr. David Wang, President and Chief Executive Officer of ACM, said, “With the rise of AI to the forefront of consumers’ minds, we expect increased public attention on the environmental impact of semiconductor chip manufacturing. ACM is committed to improved ESG performance for both our internal operations, and in the tools we design. Innovations such as the Tahoe hybrid cleaning system, which significantly reduces sulfuric acid usage, reflect ACM’s dedication to enabling a circular economy and advancing a more sustainable semiconductor ecosystem.”

    Highlights from ACM Shanghai’s 2024 ESG report include:

    • Recorded key ESG metrics to establish a carbon reduction baseline for future greenhouse gas (GHG) emissions targets.
    • Established company target to achieve 75% pure water purification rate by 2030.
    • Recycled 2,800 kg of plastic crates and 1,200 kg of wooden crates in 2024 under circular economy initiatives.
    • ESG risk screening system for suppliers is under development for planned launch in 2025
    • Achieved continued ISO 14001 and ISO 9001 certifications across key facilities.
    • ACM’s Ultra C Tahoe hybrid cleaning tool delivers enhanced cleaning performance with up to 75% reduction in chemical consumption. ACM estimates cost savings of up to $500,000 per year from sulfuric acid alone, with additional environmental and cost benefits from reduced sulfuric acid treatment and disposal requirements.
    • ACM’s Frame Wafer cleaning tool effectively cleans semiconductor wafers during the post-debonding cleaning process. Its innovative solvent recovery system provides significant environmental and cost benefits, achieving nearly 100% solvent recovery and filtration efficiency, thereby reducing chemical consumption during production.

    In addition, ACM reported that it completed its inaugural CDP Climate submission in 2024, establishing a foundation for enhanced climate risk disclosure and environmental transparency.

    About ACM Research, Inc.
    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

    © ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, this trademark appears in this press release without a ™ symbol, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to such trademark.

    For investor and media inquiries, please contact:

    In the United States: The Blueshirt Group
    Steven C. Pelayo, CFA
    +1 (360) 808-5154
    steven@blueshirtgroup.co
       
    In China: The Blueshirt Group Asia
    Gary Dvorchak, CFA
    gary@blueshirtgroup.co

    The MIL Network

  • MIL-OSI: Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date May 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — At the end of the settlement date of May 30, 2025, short interest in 3,184 Nasdaq Global MarketSM securities totaled 13,504,275,894 shares compared with 13,735,568,588 shares in 3,168 Global Market issues reported for the prior settlement date of May 15, 2025. The mid-May short interest represents 2.19 days compared with 2.41 days for the prior reporting period.

    Short interest in 1,632 securities on The Nasdaq Capital MarketSM totaled 2,610,068,615 shares at the end of the settlement date of May 30, 2025, compared with 2,731,907,808 shares in 1,639 securities for the previous reporting period. This represents a 1.00 day average daily volume; the previous reporting period’s figure was 1.00.

    In summary, short interest in all 4,816 Nasdaq® securities totaled 16,114,344,509 shares at the May 30, 2025 settlement date, compared with 4,807 issues and 16,467,476,396 shares at the end of the previous reporting period. This is 1.54 days average daily volume, compared with an average of 1.79 days for the prior reporting period.

    The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.

    For more information on Nasdaq Short interest positions, including publication dates, visit
    http://www.nasdaq.com/quotes/short-interest.aspx
    or http://www.nasdaqtrader.com/asp/short_interest.asp.

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    NDAQO

    Media Contact:
    Maximilian.Leitenberger@nasdaq.com
    646.852.0873

    A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/e2085daf-8db4-4006-9f1c-8ef05c8b102e

    The MIL Network

  • MIL-OSI: Applied Materials Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., June 10, 2025 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.46 per share payable on the company’s common stock. The dividend is payable on Sept. 11, 2025 to shareholders of record as of Aug. 21, 2025.

    The cash dividend is a key component of Applied’s capital allocation strategy. In March 2025, Applied announced a 15-percent increase in the quarterly dividend per share, from $0.40 to $0.46, marking eight consecutive years of dividend increases. Over the past 10 fiscal years through 2024, the company has increased its dividend per share at a compound annual growth rate of approximately 15 percent and distributed nearly 90 percent of free cash flow to shareholders.

    In the second quarter of fiscal 2025, Applied distributed nearly $2.0 billion to shareholders through dividends and share repurchases. The company had approximately $15.9 billion remaining in its share repurchase authorization at the end of the period.

    Forward-Looking Statements
    This press release may contain forward-looking statements, express or implied, regarding future rates of cash dividends and our share repurchase program. While we expect to continue to pay dividends in the future, the declaration of any future dividends or dividends at any particular rate is subject to the discretion of the Board of Directors and will depend on our financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination by the Board of Directors that dividends are in the best interests of our stockholders. The timing and amount of share repurchases will depend on market conditions, our other funding requirements and other considerations. Additional factors that could cause actual results to differ materially from those expressed or implied by such statements are described in our SEC filings, including our recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

    Use of Non-GAAP Financial Measure
    For reconciliation of the GAAP to non-GAAP financial measure related to free cash flow, see non-GAAP reconciliation materials on the Investor Relations website at ir.appliedmaterials.com.

    About Applied Materials
    Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com.

    Contact:
    Ricky Gradwohl (editorial/media) 408.235.4676
    Liz Morali (financial community) 408.986.7977

    The MIL Network

  • MIL-Evening Report: Assessment in the age of AI – unis must do more than tell students what not to do

    Source: The Conversation (Au and NZ) – By Thomas Corbin, Research fellow, Center for Research in Assessment and Digital Learning, Deakin University

    Matheus Bertelli/ Pexels , CC BY

    In less than three years, artificial intelligence technology has radically changed the assessment landscape. In this time, universities have taken various approaches, from outright banning the use of generative AI, to allowing it in some circumstances, to allowing AI by default.

    But some university teachers and students have reported they remain confused and anxious, unsure about what counts as “appropriate use” of AI. This has been accompanied by concerns AI is facilitating a rise in cheating.

    There is also a broader question about the value of university degrees today if AI is used in student assessments.

    In a new journal article, we examine current approaches to AI and assessment and ask: how should universities assess students in the age of AI?




    Read more:
    Researchers created a chatbot to help teach a university law class – but the AI kept messing up


    Why ‘assessment validity’ matters

    Universities have responded to the emergence of generative AI with various policies aimed at clarifying what is allowed and what is not.

    For example, the United Kingdom’s University of Leeds set up a “traffic light” framework of when AI tools can be used in assessment: red means no AI, orange allows limited use, green encourages it.

    For example, a “red” light on a traditional essay would indicate to students it should be written without any AI assistance at all. An “amber” marked essay would perhaps allow AI use for “idea generation” but not for writing elements. A “green” light would permit students to use AI in any way they choose.

    In order to help ensure students comply with these rules, many institutions, such as the University of Melbourne, require students to declare their use of AI in a statement attached to submitted assessments.

    The aim in these and similar cases is to preserve “assessment validity”. This refers to whether the assessment is measuring what we think it is measuring. Is it assessing students’ actual capabilities or learning? Or how well they use the AI? Or how much they paid to use it?

    But we argue setting clear rules is not enough to maintain assessment validity.

    Our paper

    In a new peer-reviewed paper, we present a conceptual argument for how universities and schools can better approach AI in assessments.

    We begin by making the distinction between two approaches to AI and assessment:

    • discursive changes: only modify the instructions or rules around an assessment. To work, they rely on students understanding and voluntarily following directions.

    • structural changes: modify the task itself. These constrain or enable behaviours by design, not by directives.

    For example, telling students “you may only use AI to edit your take-home essay” is a discursive change. Changing an assessment task to include a sequence of in-class writing tasks where development is observed over time is a structural change.

    Telling a student not to use AI tools when writing computer code is discursive. Developing a live, assessed conversation about the choices a student has made made is structural.

    A reliance on changing the rules

    In our paper, we argue most university responses to date (including traffic light frameworks and student declarations) have been discursive. They have only changed the rules around what is or isn’t allowed. They haven’t modified the assessments themselves.

    We suggest only structural changes can reliably protect validity in a world where AI use means rule-breaking is increasingly undetectable.

    So we need to change the task

    In the age of generative AI, if we want assessments to be valid and fair, we need structural change.

    Structural change means designing assessments where validity is embedded in the task itself, not outsourced to rules or student compliance.

    This won’t look the same in every discipline and it won’t be easy. In some cases, it may require assessing students in very different ways from the past. But we can’t avoid the challenge by just telling students what to do and hoping for the best.

    If assessment is to retain its function as a meaningful claim about student capability, it must be rethought at the level of design.

    Phillip Dawson receives funding from the Australian Research Council, and has in the past recieved funding from the Tertiary Education Quality and Standards Agency (TEQSA), the Office for Learning and Teaching, and educational technology companies Turnitin, Inspera and NetSpot.

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

    ref. Assessment in the age of AI – unis must do more than tell students what not to do – https://theconversation.com/assessment-in-the-age-of-ai-unis-must-do-more-than-tell-students-what-not-to-do-257469

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Do you talk to AI when you’re feeling down? Here’s where chatbots get their therapy advice

    Source: The Conversation (Au and NZ) – By Centaine Snoswell, Senior Research Fellow, Centre for Health Services Research, The University of Queensland

    Pexels/Mikoto

    As more and more people spend time chatting with artificial intelligence (AI) chatbots such as ChatGPT, the topic of mental health has naturally emerged. Some people have positive experiences that make AI seem like a low-cost therapist.

    But AIs aren’t therapists. They’re smart and engaging, but they don’t think like humans. ChatGPT and other generative AI models are like your phone’s auto-complete text feature on steroids. They have learned to converse by reading text scraped from the internet.

    When someone asks a question (called a prompt) such as “how can I stay calm during a stressful work meeting?” the AI forms a response by randomly choosing words that are as close as possible to the data it saw during training. This happens so fast, with responses that are so relevant, it can feel like talking to a person.

    But these models aren’t people. And they definitely are not trained mental health professionals who work under professional guidelines, adhere to a code of ethics, or hold professional registration.

    Where does it learn to talk about this stuff?

    When you prompt an AI system such as ChatGPT, it draws information from three main sources to respond:

    1. background knowledge it memorised during training
    2. external information sources
    3. information you previously provided.

    1. Background knowledge

    To develop an AI language model, the developers teach the model by having it read vast quantities of data in a process called “training”.

    Where does this information come from? Broadly speaking, anything that can be publicly scraped from the internet. This can include everything from academic papers, eBooks, reports, free news articles, through to blogs, YouTube transcripts, or comments from discussion forums such as Reddit.

    Are these sources reliable places to find mental health advice? Sometimes.
    Are they always in your best interest and filtered through a scientific evidence based approach? Not always. The information is also captured at a single point in time when the AI is built, so may be out-of-date.

    A lot of detail also needs to be discarded to squish it into the AI’s “memory”. This is part of why AI models are prone to hallucination and getting details wrong.

    2. External information sources

    The AI developers might connect the chatbot itself with external tools, or knowledge sources, such as Google for searches or a curated database.

    When you ask Microsoft’s Bing Copilot a question and you see numbered references in the answer, this indicates the AI has relied on an external search to get updated information in addition to what is stored in its memory.

    Meanwhile, some dedicated mental health chatbots are able to access therapy guides and materials to help direct conversations along helpful lines.

    3. Information previously provided

    AI platforms also have access to information you have previously supplied in conversations, or when signing up to the platform.

    When you register for the companion AI platform Replika, for example, it learns your name, pronouns, age, preferred companion appearance and gender, IP address and location, the kind of device you are using, and more (as well as your credit card details).

    On many chatbot platforms, anything you’ve ever said to an AI companion might be stored away for future reference. All of these details can be dredged up and referenced when an AI responds.

    And we know these AI systems are like friends who affirm what you say (a problem known as sycophancy) and steer conversation back to interests you have already discussed. This is unlike a professional therapist who can draw from training and experience to help challenge or redirect your thinking where needed.

    What about specific apps for mental health?

    Most people would be familiar with the big models such as OpenAI’s ChatGPT, Google’s Gemini, or Microsofts’ Copilot. These are general purpose models. They are not limited to specific topics or trained to answer any specific questions.

    But developers can make specialised AIs that are trained to discuss specific topics, like mental health, such as Woebot and Wysa.

    Some studies show these mental health specific chatbots might be able to reduce users’ anxiety and depression symptoms. Or that they can improve therapy techniques such as journalling, by providing guidance. There is also some evidence that AI-therapy and professional therapy deliver some equivalent mental health outcomes in the short term.

    However, these studies have all examined short-term use. We do not yet know what impacts excessive or long-term chatbot use has on mental health. Many studies also exclude participants who are suicidal or who have a severe psychotic disorder. And many studies are funded by the developers of the same chatbots, so the research may be biased.

    Researchers are also identifying potential harms and mental health risks. The companion chat platform Character.ai, for example, has been implicated in ongoing legal case over a user suicide.

    This evidence all suggests AI chatbots may be an option to fill gaps where there is a shortage in mental health professionals, assist with referrals, or at least provide interim support between appointments or to support people on waitlists.

    Bottom line

    At this stage, it’s hard to say whether AI chatbots are reliable and safe enough to use as a stand-alone therapy option.

    More research is needed to identify if certain types of users are more at risk of the harms that AI chatbots might bring.

    It’s also unclear if we need to be worried about emotional dependence, unhealthy attachment, worsening loneliness, or intensive use.

    AI chatbots may be a useful place to start when you’re having a bad day and just need a chat. But when the bad days continue to happen, it’s time to talk to a professional as well.

    Aaron J. Snoswell previously received research project funding from OpenAI in 2024-2025 to develop new evaluation frameworks for measuring moral competence in AI agents.

    Laura Neil receives funding through the Australian government Research Training Program Scholarship.

    Centaine Snoswell 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. Do you talk to AI when you’re feeling down? Here’s where chatbots get their therapy advice – https://theconversation.com/do-you-talk-to-ai-when-youre-feeling-down-heres-where-chatbots-get-their-therapy-advice-257732

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Family law changes will better protect domestic violence victims – and their pets

    Source: The Conversation (Au and NZ) – By Meri Oakwood, Lecturer in Law, Southern Cross University

    Zivia Kerkez/Shutterstock

    Welcome changes to family law come into effect this week to better support victims of domestic violence in property settlements.

    Importantly, the Family Law Amendment Bill 2024 will provide a new framework for determining ownership of the family pet in divorce and separation proceedings. Pets will no longer be recognised merely as property, but as “companion animals”.

    Family law courts must now consider animal abuse, including threats to harm pets, when deciding which partner is awarded ownership.

    Research suggests up to 15% of all animal cruelty cases involve domestic violence offending. Therefore, the new laws will provide some relief to partners whose beloved pets have suffered abuse.

    Part of the family

    Australia has high pet ownership, with 69% of households owning an animal companion. Some 48% have dogs and 33% have cats.

    For victims of violence, the bond with their pet is very important for emotional support. Because of this attachment, abusers often target animals as one of the ways to control their victims.

    The new laws recognise the strong emotional bond between owners and pets.
    Ksenia Raykova/Shutterstock

    Disturbing research has found animals living in violent households may be kicked, punched, held by their ears, thrown and poisoned. Injuries are common. Pets can be killed.

    When a person experiences family violence in their home, they are often asked “Why don’t you just leave?” The reasons are complicated. Perpetrators of coercive control can make their victims fearful for their own safety and their children’s – and for the safety and wellbeing of their pets.

    If victims do leave an abusive relationship, family pets are often left behind because it is too hard to find suitable accommodation. Also, the pet may be registered in the name of the abuser.

    Court’s past view of pets

    Previously, if a victim asked for ownership of their pet, courts could not consider the animal’s safety or wellbeing.

    In Australian family law, pets were viewed as personal property, similar to other possessions such as cars, furniture and electronic equipment.

    In any dispute about pets, courts would consider the following:

    • who paid for it?
    • was it a gift?
    • whose name is on the ownership documents?
    • who has possession?
    • who paid the expenses?

    In deciding custody, courts were not thinking about where the pet would be out of harm’s way. Instead the focus was on who had the superior right to title, a common question in personal property law.

    The safety and survival of a dog or cat was irrelevant in decision-making.

    Hope on the horizon

    Many Australians do not view pets as just another item of personal property. They see them as treasured family members who should be protected.

    The amended Family Law Act redefines pets as companion animals, rather than as mere property. The shift recognises the deep emotional attachments between pets and their owners.

    Any species of animal owned by a couple as a companion will be covered under the new sections of the Act. However, disputes in family law are more commonly about dogs.

    When a marriage or de facto relationship breaks down, the court will consider any past cruelty towards a pet when deciding future ownership.

    Matters for consideration will include:

    • was there family violence?
    • was there animal abuse, actual or threatened?
    • who has ownership or possession of the animal?
    • is there any attachment by an adult or child to the animal?
    • how much did each person in the household care for the animal?

    Courts will only be able to assign ownership to one party. There will be no joint custody to prevent ongoing disputes over the ownership of the pet.

    Under the new laws, custody of a pet will not be awarded to an abuser.
    Nejec Vesel/Shutterstock

    If an abused partner is confident they would be allowed to keep their companion animal if they leave a violent relationship, there is a greater chance they will seek safety.

    If a victim has fled to accommodation where they cannot keep their pet, the new laws will allow for a court order to transfer the animal to another person. A safe person.

    The sentience of animals – their ability to feel pain and fear – is still not recognised in Australian family law.

    Nevertheless, this week’s changes should lead to large numbers of companion animals gaining protection from future abuse.

    Financial abuse may constitute family violence

    Other changes to family law also come in to force this week.

    Family law courts must consider the economic effects of family violence on the victim when making decisions about property and finances after separation.

    Critically, the definition of family violence is being broadened. It will now include economic or financial abuse-related conduct, such as sabotaging the victim’s employment, forcibly controlling their money or forcing them to go into debt.

    Not paying child support for a long time might also count. Intentionally damaging a property to reduce its value will also be in the equation.

    There will also be greater protections to prevent the misuse of sensitive information that arise from confidential conversations with healthcare professionals, or with specialist support services.

    The property changes will apply to all new and existing proceedings, except where a final hearing has already commenced.

    These reforms to better protect victim-survivors of family violence and the animals they love, are long overdue.

    Meri Oakwood 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. Family law changes will better protect domestic violence victims – and their pets – https://theconversation.com/family-law-changes-will-better-protect-domestic-violence-victims-and-their-pets-258189

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Visual feature: Scanning Australia’s bones

    Source: The Conversation (Au and NZ) – By Vera Weisbecker, Associate Professor in Evolutionary Biology, College of Science and Engineering, Flinders University

    ➡️ View the full interactive version of this article here.

    Vera Weisbecker receives funding from the Australian Research council. She is member of the Australian Greens Party and the Australian Mammal Society.

    Erin Mein is a member of the Australian Archaeological Association and Australian Mammal Society.

    Pietro Viacava performed this work as a research associate at Flinders University, before becoming affiliated with CSIRO.

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

    ref. Visual feature: Scanning Australia’s bones – https://theconversation.com/visual-feature-scanning-australias-bones-257119

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Economics: ECB appoints Thomas Vlassopoulos as Director General Market Infrastructure and Payments

    Source: European Central Bank

    10 June 2025

    • Directorate General Market Infrastructure and Payments oversees and coordinates the operation and development of payment systems and market infrastructure
    • It also leads the digital euro project
    • Mr Vlassopoulos will replace Ulrich Bindseil, who is leaving the ECB

    The Executive Board of the European Central Bank (ECB) has appointed Thomas Vlassopoulos as Director General Market Infrastructure and Payments. Mr Vlassopoulos will replace Ulrich Bindseil, who is leaving the ECB.

    Thomas Vlassopoulos is currently Deputy Director General Market Operations, a post he has held since May 2021. He previously headed the Monetary Analysis Division and was also Deputy Head of the Financial Stability Surveillance Division. Mr Vlassopoulos joined the ECB’s Directorate General Economics in 2008, from the Bank of Greece. Mr Vlassopoulos holds a master’s degree in economics from the London School of Economics and Political Science.

    The Directorate General Market Infrastructure and Payments (DG-MIP) coordinates and supports the operation and development of Eurosystem market infrastructures (TARGET Services), conducts oversight of payment, clearing and settlement systems, and acts as a catalyst for innovation in retail payments as well as exploring new technologies for wholesale central bank money settlement. It is also leading the digital euro project. Mr Vlassopoulos will be responsible for the strategic direction and management of DG-MIP, steering innovation, project workstreams and operational activities for TARGET Services, the digital euro project as well as retail and wholesale payments. He will chair a range of committees and high-level fora, maintaining working relationships with market participants and other stakeholders.

    For media queries, please contact Eszter Miltényi-Torstensson, tel.: +49 171 769 5305.

    Notes

    MIL OSI Economics

  • MIL-OSI Economics: UN Ocean Conference 2025

    Source: WTO

    Headline: UN Ocean Conference 2025

    Your Excellencies H.E. Minister Marina Silva (Brazil) and H.E. Minister Stavros Papastavrou (Greece), the two Co-Chairs of this session, Excellencies, ladies and gentlemen,
    First allow me to thank President Macron and UNSG Guterres and Costa Rica for co-hosting this important conference. (Brazil will host COP30, and Greece hosted “Our Oceans” in 2024)
    I am delighted to be here today.
    We are here because there is no other option but to protect marine and coastal ecosystems from the threats of the triple crisis of climate change, biodiversity loss, and pollution. We know that business as usual, especially in the current global context, is not an option. And trade is part of the solutions we need.
    A little-known fact is that one of the WTO’s fundamental goals, as enshrined in the preamble to our founding agreement, is the optimal use of the world’s resources in accordance with the objective of sustainable development and the protection and preservation of the environment.
    The WTO has been doing its bit – and I am convinced that if we work together, we can do much more.
    I want to make three points.
    Key Point 1: First, our landmark Agreement on Fisheries Subsidies (AFS), which I had the honour to announce to the ocean community at UNOC2 in Lisbon, delivered on SDG 14.6. With 101 WTO Members having ratified the Agreement, we now need only ten more ratifications for it to enter into force. 

    USD 22 billion in harmful fisheries subsidies are provided every year. These contribute to the overexploitation of marine resources and can ultimately lead to the collapse of fish stocks and associated economic activities. Beyond fisheries, there are over USD 2 trillion of harmful subsidies on fossil fuels, agriculture and other purposes that could be redirected.
    The Agreement establishes new multilateral rules that prohibit the most harmful forms of fisheries subsidies, freeing up resources that could be repurposed to support practices that promote healthy fisheries, livelihoods, food security and value added.
    In addition to the BBNJ we need the AFS to enter into force.  Once two-thirds of the WTO’s 166 members formally accept the agreement, its subsidy curbs will enter into force – and so will its provisions to provide developing and least-developed countries with technical and financial support to build the capacity needed to upgrade fisheries management, integrate sustainability considerations into their fisheries policies,  and otherwise implement the new rules.
    Our donor-supported Fish Fund last week launched its first call for proposals from members seeking such support – but disbursements cannot start until we get the ten more ratifications needed for entry into force. So let me once again request WTO Members that have not yet done so to help make history by ratifying the Agreement on Fisheries Subsidies as soon as possible!
    As many of you are aware, WTO Members are working to build on the Agreement on Fisheries Subsidies by agreeing on additional disciplines that will disincentivize overcapacity and overfishing, and support the sustainable management of fishing resources. Here too, I urge WTO members represented here to work with each other to help us get to yes.

    Key Point 2: Second, trade policy alone is not enough. The solutions we need require a coherent multisectoral approach that complements trade policy action with finance and investment to unlock inclusive, sustainable growth from the ocean economy, particularly for coastal developing countries and small island developing States.
    The blue economy is estimated to have an annual value of over US$ 2.6 trillion .  More than 3 billion people either directly or indirectly rely on the oceans for their livelihoods. Over 130 million are directly employed in ocean-based roles.
    Several SIDS, coastal economies and LDCs are seeking to harness the economic potential of the ocean in a sustainable manner by complementing traditional sectors such as tourism, fisheries, and seaport activities with emerging industries like marine biotechnology, energy and mineral exploration.
    They have opportunities to use trade to leverage green and blue comparative advantages – springing from their abundant renewable energy potential, sustainable agriculture, and biodiversity-based ocean products – to tap into emerging sustainable value chains.
    If they can harness these opportunities, it would be ‘re-globalization’ in practice: contributing to sustainable growth, diversification and job creation while making the wider global economy more inclusive and resilient.
    But realizing this vision requires international cooperation to maintain an open and predictable trading environment as well as to de-risk investment. At the WTO, we have another important plurilateral Agreement the Investment Facilitation for Development Agreement (IFDA) with 131 Members that does just this.
    Key Point 3: Third, we can do more to  unlock “win-win” outcomes that leverage trade policy to support economic development while protecting ocean sustainability.
    Let’s look at  a few examples. 

    One is maritime transport. Over 80 % of international trade by volume is shipped by sea.  However, shipping also estimated to account for nearly 3% of global greenhouse gas emissions.  There are other environmental impacts: oil spills and underwater noise pollution in sensitive maritime ecosystems; the spread of invasive alien species in ballast water and so forth.
    Trade policies can help finding solutions to these sustainability challenges. 
    For instance, as public and private stakeholders step up work to decarbonize the shipping industry, with important recent outcomes at the IMO in this regard, governments can amplify their efforts by reducing trade barriers and facilitating the cross-border diffusion of environmentally friendly goods and services for green shipping. WTO work on standards and regulations (TBT), including energy efficiency requirements and promoting international standards for low emission fuels or hydrogen, could similarly lower costs and increase scale economies.. The WTO is a forum for members to share best practices and exchange views on their approaches to reduce shipping emissions. The initiative on fossil-fuel subsidy reforms led by a group of WTO members shows an additional path to help correct incentives for emissions reduction.
    On a related subject, ocean based renewable energy has enormous potential. The global offshore wind energy market was valued at nearly USD 40 billion last year, and pilot projects are underway to harness tidal energy.
    Trade is a necessary means to diffuse renewable energy technologies and related services, particularly to small countries that may have limited domestic production capacity.

    Another area where trade policy can help is plastics and marine pollution.  You all know about the “Great Pacific Garbage Patch” – an area roughly the size of Mongolia. You might not know that 83 WTO members are running a Dialogue on Plastic Pollution (DPP) and environmentally sustainable plastic trade, looking at issues such as plastics value chains, customs and regulatory issues, and how trade policy could help scale up plastic substitutes. Thanks to this work, we are beginning to better understand how trade policies could play a role in helping to tackle the problem – and we have been bringing these insights to our support for the ongoing UN International Plastics Treaty Negotiations (which I’m sure Inger from UN Environment will update you on).
    Excellencies, ladies and gentlemen: let me conclude here, with three requests: 1) Remember that trade is part of the toolkit for the sustainability of marine and coastal ecosystems. 2) Please make sure that what your trade officials say in Geneva aligns with the positions you take in forums like this one. And 3) Please ratify the Fisheries Subsidies Agreement!
    Thank you. I am looking forward to the discussion.

    Share

    MIL OSI Economics

  • MIL-OSI Economics: Trade critical to ocean sustainability — DG Okonjo-Iweala at UN Ocean Conference

    Source: WTO

    Headline: Trade critical to ocean sustainability — DG Okonjo-Iweala at UN Ocean Conference

    DG Okonjo-Iweala highlighted that trade and the WTO can play a key role in harnessing the opportunities from the blue economy and in protecting the oceans’ resources. Underscoring the blue economy’s estimated annual value of over USD 2.6 trillion, she stressed: “The ocean is vital for our food, livelihoods and the health of our planet. More than 3 billion people either directly or indirectly rely on the oceans for their livelihoods.” She also emphasized the importance of the oceans in helping many WTO members meet their development objectives, including coastal and small island developing states (SIDS).
    Noting that marine and coastal ecosystems are threatened by climate change, biodiversity loss and marine pollution, including plastics pollution, she said that conserving and sustainably managing ocean resources is absolutely critical. “Business as usual is not an option” she said, stressing that a coherent approach that connects trade, finance and investment can help unlock inclusive, sustainable growth from the ocean economy.
    DG Okonjo-Iweala said the WTO can support decarbonization efforts by reducing trade barriers and facilitating the cross-border diffusion of environmentally friendly goods, services and technology for maritime shipping and for harnessing renewable energy from the oceans. The WTO also provides a forum for members to share experiences on the trade impact of environmental measures, she noted.
    Highlighting the important role the UN Ocean Conference (UNOC) plays in reinforcing international co-operation for the good of the world’s oceans and those who depend on its resources, DG Okonjo-Iweala stressed the importance of eliminating harmful fisheries subsidies to preserve ocean resources. WTO members have taken a first important step by adopting the Agreement on Fisheries Subsidies in June 2022, she said, noting that only 10 more ratifications are needed for its entry into force – so far 101 members have already ratified.
    DG Okonjo-Iweala was speaking at the opening high-level panel dedicated to conserving, sustainably managing and restoring marine and coastal ecosystems, including deep-sea ecosystems. Her address can be viewed here.
    DG Okonjo-Iweala also joined a high-level occasion hosted by France’s President Emmanuel Macron for heads of state and other dignitaries to celebrate World Ocean Day on 8 June.
    On 13 June, the WTO Secretariat will organize a side-event titled “Sustainable fisheries: The role of trade from oceans to plate”, co-organized with the United Nations Food and Agriculture Organization (FAO), United Nations on Trade and Development (UNCTAD) and UNOC co-hosts France and Costa Rica. The event will be opened by WTO Deputy Director-General Angela Ellard, Costa Rica’s Minister of Foreign Affairs Arnold André Tinoco, and France’s Minister of Maritime Affairs and Fisheries Agnès Pannier-Runacher. The discussion will feature experts from international organizations, the private sector, civil society and academia.
    DDG Angela Ellard will deliver a keynote address on 13 June at a session entitled “The WTO Agreement on Fisheries Subsidies and its Benefits: Perspectives from Science, Economics and Small-Scale Fishers” hosted by the Stop Funding Overfishing Coalition.
    The WTO Secretariat will also participate at panels and side-events during the UN Ocean Conference, and at special events such as the Blue Economy and Finance Forum.
    The WTO Fish Fund opened a Call for Proposals on 6 June, inviting developing and least-developed country (LDC) members that have ratified the Agreement on Fisheries Subsidies to submit requests for project grants aimed at helping them implement the Agreement. More information can be found here.
    Information on UNOC is available here.

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    MIL OSI Economics

  • MIL-OSI NGOs: Resisting Dependency: U.S. Hegemony, China’s Rise, and the Geopolitical Stakes in the Caribbean

    Source: Council on Hemispheric Affairs –

    By Tamanisha J. John

    Toronto, Canada

    Introduction

    The Caribbean region is an important geostrategic location for the United States, not only due to regional proximity, but also due to the continued importance of securing sea routes for trade and military purposes. It is the geostrategic location of the Caribbean that has historically made the region a target for domineering empires and states. As both geopolitical site and geostrategic location, U.S. foreign policy articulations of Caribbean people and the region have been effectively contradictory, but the contradiction has allowed the U.S. to maintain its hegemonic position: Caribbean peoples in U.S. foreign policy are rendered backwards, unstable, and dangerous or targets of xenophobic harassment; while the physical region is rendered as a place where U.S. foreign policy must maintain one-sided power relations, lest these sites come under the influence of other states that the U.S. views as impinging upon its sphere of influence. One can most readily look to Haiti to see these contradictory dynamics at play. Haiti has not had democratic elections for two decades and instead has been under United Nations (UN) sanctioned “tutelage” or occupation via the CORE group, of which the U.S. is a part.[i] Over the past two decades, Haiti has been subject to a massive influx of U.S. manufactured weapons that fuel gun violence and murder in the country.[ii] Meanwhile those Haitians fleeing this violence to the U.S. have been met with whips at the U.S.-Mexico border, deportation flights from the U.S., and dehumanizing mythological hysteria accusing Hatians of  “eating pets.”[iii]

    Given the domineering impact of the U.S. and its allies in Canada and Europe in the Caribbean region, states in the region remain deeply dependent on foreign investment and tourism from these powers. ‘Foreignization’ of Caribbean economies makes it hard for the peoples of the region to make a living. Many Caribbean governments, neoliberal in orientation, willingly support this dependent development scheme by promoting migration for remittances, service industries for tourism, and temporary foreign worker schemes abroad due to lack of worthwhile opportunities at home. A large part of what maintains this dependent relationship—that many would find to be demeaning in most circumstances—is the securitization of the Caribbean region by the U.S. and its allies, as well as the invocation of “shared cultures,” rooted in colonial histories which continue to impose multiple hierarchies of domination on Caribbean peoples.

    Washington’s aim of permanent hegemony in the region is being challenged by an increasingly multipolar world, and this accounts for the US attempt to limit China’s influence in the Caribbean. For example, U.S. tariff assaults on the People’s Republic of China (PRC) stems from U.S. insecurities about China’s economic growth alongside its manufacturing and technological developments.[iv] China’s extension of infrastructural, technological, and other tangible material developments to states lower down on the global value chain, and at smaller costs to them is referred to by the U.S. and other western policy makers as “China’s growing influence.” This includes states in the Caribbean, which have not only become consumers of products from China but have also increased their exports to China since the 2010s. Unsurprisingly, the U.S. fears that China is gaining too much influence in the Caribbean given its developmental hand there. Although the U.S. is not directly competing with China on development initiatives, Washington’s reluctance to support meaningful progress in the Caribbean—where U.S. corporations continue to profit from structural underdevelopment—has led it to pursue strong-arm diplomacy as a symbolic stand against China instead.

    China’s alternative to dependent development challenges Western Hegemony in the Caribbean

    Western capitalist modernity, as an ideological, political, and socioeconomic project, is threatened by improvements to the global value chain. The issue at hand is that the U.S. and the Western-led capitalist system have long relegated states of the ‘Global South’ to lower positions on the global value chain. This has rendered development elusive for many states, to the sole benefit of Western corporations and their allies. Lack of development in places like the Caribbean, Africa, Asia, and Latin America actually benefits capitalist enterprises headquartered in the ‘Global North’ which extract surplus value by exploiting cheap natural resources, labor, and land in these regions. China’s accelerated advancement within the global value chain—alongside the rise of other partner states positioned lower on that chain—has not depended on economic or political subordination to the west. This trajectory is actively interpreted as eroding Western hegemonic dominance—even as the improved developments of states like China within the global value chain, have expanded global capitalism. Since 2018, the U.S. tariff assault on China, which has intensified under the second Trump administration, is a direct response to China’s economic growth propelled by China’s added value to the global value chain. In essence, the fear is China’s rise, while not reliant on the west, has made the West more reliant on importing cheap products and manufactured goods from China.

    After the global 2007/8 financial crisis, China’s expressed strategy was to diversify its exports and import markets through helping other states improve their own conditions in the global trade value system. This of course, was due to the negative impacts felt by China in its export markets from the 2008 global financial crisis. Since then, China has increased the internal demand within China for Chinese goods, which also saw the purchasing power of Chinese citizens rise. This helped the growth of a middle class in China, and also allowed the Communist Party of China (CPC) to think more broadly about its continued growth strategy. By the early 2010s China sought to develop a wider external market that was not dependent on the U.S. and the other Western states. As China began formulating a broader development strategy, the growing purchasing power of Chinese citizens made the U.S. and other Western countries increase demands on China to have unfettered access to China’s internal market. The 2010s thus became rife with false accusations by Western commentators of China manipulating its currency to amass reserve wealth, and maintain competitive exports[v] – which helped to spark Trump’s trade assault on China in 2018, and again during the second Trump administration in 2025.

    While conversations in the West hinged on conspiracy, the CPC acknowledged that neither internal consumption nor reliance on the U.S. and Western markets would promote long-term sustainable development and growth of China’s economy. Greater emphasis was placed on increasing and improving relations with other developing states. In essence, helping the development of states lower down on the global value chain would be necessary—in order to make them consumers (thus importers)—of products from China. This became part of China’s long-term strategy to diversify its import and export markets. Thus, after the 2008 global financial crisis and especially after 2010, China’s investment in places like the Caribbean had a marked and noticeable increase. A decade later, this strategy has proven beneficial to China’s growth and development – as well as to growth and development of other developing countries in Africa, Asia, Latin America and the Caribbean with more states engaging in, and pursuing trade and other relations with, China.

    The impact of U.S. tariffs and fees on the Caribbean

    Despite growing U.S. security concerns over China’s engagement in the Caribbean, the region remains largely dependent on the United States, and Caribbean states consistently run trade deficits in favor of the U.S. These trade deficits usually come at the expense of local Caribbean growers, producers, and artisans. According to Sir Ronald Sanders, Antigua and Barbuda’s Ambassador to the United States: “In 2024, the United States ran a $5.8 billion trade surplus with CARICOM as a whole. For a tangible illustration, Antigua and Barbuda’s imports from the U.S. exceeded $570 million, while its exports in return were a mere fraction of that total.”[vi] Given Caribbean regional economic dependence on the U.S., Canada and Europe, many Caribbean people seeking employment and/or asylum opportunities typically see the U.S. as a destination of choice, contributing to the large Caribbean diasporic communities in North America and Europe. These Caribbean diasporic communities not only send remittances and goods back to their home countries to support family, friends, and communities – but also facilitate Caribbean state’s exports into the U.S. It is important to underscore these dynamics, as the longstanding U.S.-Caribbean relationship—rooted in dependency—remains firmly entrenched, despite growing investments in the region from China.

    The U.S. tariff assault on China extended into a wider tariff assault by the U.S. against multiple countries, including states in the Caribbean. By April 3, 2025 the U.S. had imposed tariffs on 24 Caribbean countries: a 10% tariff on 23 of them,[vii] and a 38% tariff on Guyana[viii]—a Caribbean nation with extensive relations with China[ix]—excluding its exports of oil (dominated by U.S. and other foreign corporations), gold, and bauxite. The U.S. tariffs on Caribbean states—levied amid fragile post-pandemic recovery and lingering hurricane damage—underscores a troubling, though not surprising indifference to the region’s economic vulnerability and ongoing efforts toward stabilization and renewal.[x] During this time, the U.S. introduced a series of tariff increases on China, peaking at a 145% tariff after April 10, 2025, before settling on a 10% rate through an agreement reached on May 13, 2025.[xi] In addition to the tariffs that Washington placed on China, the U.S. also announced that it would issue port fees on Chinese built ships entering U.S. ports. In all, these tariffs and fees being imposed by the U.S. meant that there would likely be negative impacts borne by Caribbean states that import U.S. goods, and Caribbean states that export goods to China. The overall impact of the tariffs and fees would be two-fold: First, U.S. consumers of goods imported from the Caribbean would have to pay more to access those goods. Second, increased costs accrued to Caribbean state’s importing U.S. goods due to port fees, would make it more cost effective for those Caribbean states to import more goods directly from China. However, in the immediate term, Sino-Caribbean trade, lacking established relationships on a wide range of import products, has the potential to lead to import shortages – particularly of food and other essential imports from the U.S.—in the Caribbean. Given global backlash from the shipping industry, the U.S. revised and changed its decision regarding port fees a week later,[xii] and three weeks later, on April 28, it reduced the tariff on Guyana to 10%.

    Political commentators recognize, contrary to the denials by the Guyanese government, that the initially high tariffs placed on Guyana were motivated by U.S. tensions with China. According to former Guyanese diplomat, Dr. Shamir Ally,[xiii] and Guyanese political commentator, Francis Bailey, Guyana “is caught in a geopolitical battle between the US and China. Or more specifically – Washington objects to Beijing’s “very strong foothold” in Guyana.”[xiv] This was made clear, when prior to the Trump administration’s announcement of the tariff’s on Guyana, Guyanese President, Irfaan Ali, pledged that the U.S. would “have some different and preferential treatment” from Guyana[xv]— given a shared stance between the two countries in relation to Venezuela.[xvi] This pledge by Guyana’s president took place within the context of the U.S. Secretary of State Marco Rubio’s visit to the Caribbean, during which Rubio chastised the construction of infrastructure in Guyana that he deemed subpar, and alleged must have been built by China, even though it was not.[xvii] These kinds of geopolitical posturing by Washington stoke antagonisms, ignoring the negative impacts of Caribbean dependency, including that of Guyana. Caribbean economic dependency on the U.S. (Europe and Canada) will not be completely ameliorated by China, and neither will China be able to fill the role of the West for Caribbean exporters who, given histories of enslavement, indentureship, and colonialism, rely on diasporic taste and preferences for ‘niche’ exports (e.g., artisan goods, arts, entertainment). Given the high degree of U.S., Canadian, and European ownership in the Caribbean’s industrial and manufacturing sectors, the region’s capacity to produce “finished products” on an exportable scale remains limited. Despite the continued dependency relation of Caribbean states on U.S. markets, however, China can positively impact Caribbean economies by helping to diversify their trading partners, and by increasing local opportunities for people within Caribbean states, based on the kinds of new (or improved) infrastructure typically developed in partnerships with China.

    Though on the rise, the trade relationship between China and states in the Caribbean is still quite limited. Caribbean states that are a part of the Caribbean Community (CARICOM) saw a notable increase in their exports to China, from less than 1% of their total exports in the 1990s and 2000s, to between 1% and 6 % of exports going to China after the 2010s.[xviii] The majority of exports from the Caribbean to China from the 2010s forward have been agricultural and mineral in nature. Alongside the growing export potential of CARICOM states to China since the 2010s, there has also been an increase in Caribbean states importing Chinese goods. States such as Antigua and Barbuda, Dominica, Guyana, Jamaica, and Suriname import about 10% of their goods from China. On the other hand, states like the Bahamas, Barbados, Grenada, Trinidad and Tobago import less than 10% of their goods from China. The overall trend, then, is that CARICOM states have added some diversification to their trading partners since the 2010s but continue to remain firmly within the Western trading bloc. Given the structured dependency of Caribbean economies, they tend to import more from their trading partners than they export to them. However, as political analyst Daniel Morales Ruvalcaba points out, as a trading partner, China’s commitment to South-South partnerships has meant that trading disparities between itself and CARICOM states are “offset by investments flowing from China to the Caribbean […] broadly categorized into three key sectors: port infrastructure development, resource extraction, and the tourism industry.”[xix] This way of tending to the trade disparity has had beneficial impacts—that can also be seen very visibly by those who live and visit states in the Caribbean. Additionally, China’s investments have not been limited to CARICOM states, or to states that recognize China and not Taiwan. For instance, China invests in Belize, Haiti, St. Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines—these are Caribbean states that recognize Taiwan.[xx]

    While China does not play a dominant import-export role in the Caribbean, given the system of dependency into which the Caribbean is already integrated, it also does not pose a security threat to the Caribbean region, despite Washington’s portrayal of China as a “bad actor.” The PRCs commitment to non-interference makes it extremely unlikely that China would use the Caribbean as a springboard for a security confrontation with Washington and its NATO allies. China does, however, have a strategic partnership with Venezuela, largely limited to a defensive posture given its relations with other states in the region, including the Caribbean. Further, with the large security presence of the U.S. and its allies in the Caribbean, China would have nothing to gain from an offensive military posture in the region. Though self-evident, this explains why the U.S has chosen to frame China’s presence in the Caribbean not in economic terms, but as a technological and geopolitical “threat”—going so far, on multiple occasions, as to allege that China is constructing covert surveillance facilities in Cuba to conduct espionage on the U.S.[xxi]

    The China-Caribbean “threat” from the U.S. Perspective

    In 2018, Washington signaled its intent to limit Chinese investments in infrastructure, energy, and technology abroad; by 2023, U.S. Southern Command identified the Caribbean as a key region where China’s growing economic footprint should be restrained. In its effort to push China out of the Caribbean tech sector, the U.S. has allowed U.S. and other Western companies to develop 5G networks in Jamaica at virtually no cost in the short term—effectively subsidizing the infrastructure to block Chinese involvement and investments in the sector. This campaign has gone so far as to include veiled threats of sanctions toward Jamaica and other regional nations should they pursue connectivity projects with China.[xxii] Since the 1940s, the U.S. has viewed government-controlled economies as threats to the Western capitalist order—a label that readily applies to China. In 2025, the trade offensive against China is markedly more severe, driven by Washington’s explicit goal of curbing the spread and stalling the advancement of China’s high-tech industries—an effort aimed at preserving U.S. dominance in the sector, which is increasingly seen as under threat. The trade war, which began openly during Trump’s first term, has only intensified in his second—driven in part by the growing influence of high-tech capitalists closely aligned with his administration. China’s advances in artificial intelligence, seen with the public release of DeepSeek AI, has only accelerated the U.S. assault.

    According to  U.S. and other pro-Western security analysts who view China as a “threat” in the Caribbean, this threat manifests in three primary ways. First, they point to China’s development of internet-based infrastructure in Caribbean nations which they claim enables Chinese espionage operations that target the U.S. from within the region. Second, they highlight the fact that most Caribbean states recognize the People’s Republic of China, rather than Taiwan, under the One-China policy—a position they attribute to questionable dealings with Beijing, rather than to the exercise of Caribbean political agency in matters of state recognition. And lastly, the Belt and Road Initiative (BRI) is portrayed as a nefarious development scheme that allows China to assert its influence globally. Notably, these accusations that form the “threat” narrative amongst U.S. and other pro-Western security advocates don’t hold up against the slightest scrutiny.

    First, there is no evidence that there are “Chinese spy bases” in Cuba or in any other country in the Caribbean—despite these accusations being levied by both Trump White Houses, and various U.S. Republican politicians in Florida.[xxiii] Second, the PRC does invest in, and maintain diplomatic relations with, Caribbean states that recognize Taiwan.[xxiv]  This suggests that the PRC does not force a One-China policy on states in the Caribbean with which it has cooperative relations. Commenting on Sino-Caribbean relations, Caribbean leaders themselves often note that the recognition of China and not Taiwan is due to support for China safeguarding its sovereignty and territorial integrity, of which they include national reunification.[xxv] Ultimately, the alleged “nefarious” nature of the Belt and Road Initiative stems from its core premise: that developing countries receive meaningful support from China to pursue their own development goals. Such efforts inevitably draw scrutiny from the U.S. and the Westbroadly, as genuine development in the ‘Global South’ is often perceived as a challenge to Western capital and hegemony. The BRI also encourages signatory states to build greater regional relationships with their Caribbean neighbors. It reflects a highly agentic approach, in stark contrast to the traditional way U.S. and other Western initiatives are typically implemented.

    Ultimately, the BRI is seen as a threat by Western policymakers because they would prefer China not pursue its own global initiatives. Given that the BRI also supports states in developing technological infrastructure and other advancements—with backing from China—these efforts are viewed by the U.S. as a strategic threat, ensuring the initiative will remain a target of sustained opposition. In the Caribbean, the U.S. push to end their tech relations with China comes off as brash, given that U.S. technology investments in the region have declined since the mid-1990s, while China technology investments have increased.[xxvi] In fact, the U.S. (and its Western allies) seem to only understand China’s investments, including the BRI, as lost market share. In essence, Washington and its Western allies seek to control economic development in the region. Two years ago for COHA, John (2023) argued that the U.S. and its allies were increasing their “diplomatic” presence in the Caribbean to maintain geostrategic influence, given China’s growing economic investments there.[xxvii] John maintained that the dismal track record of capitalism—led first by the Western European powers and later by the United States—has entrenched Caribbean states in a position of structural dependency within the global capitalist system. Key features of this dependency include persistently high levels of unemployment, underemployment, poverty, and a heavy reliance on labor exportation. This dependence made the region very receptive to Chinese investment.

    John (2023) concluded that influence is gained only where it aligns with local interests—and that investments from the PRC stood in stark contrast to Western strategies, which for decades have indebted Caribbean states, privatized their economies in ways that deepened foreign control, and consistently disregarded regional calls for reparations. This track record, it was argued, would only lead to increased militarization in the Caribbean by the U.S. and its Western allies, who have no tangible goal of helping Caribbean states to develop—but want confrontation with China. Two years later and the concluding remarks still stand.

    Concluding Remarks: Dependent Development is the price of Western Capitalism in the Caribbean

    In the Caribbean, the U.S. and its Western allies have long profited from—and perpetuated—the notion that foreignization is the norm. This extends beyond economic structures to encompass both domestic and foreign policies that effectively surrender the state, and its people, to massive  exploitation by foreigners. Some governments and local elites have been brought on as “shareholders” to maintain this backwards dependent status. That is because imperialism, especially in the Caribbean, has always been intent on establishing what Cheddi Jagan called “a reactionary axis in the Caribbean.”[xxviii] U.S. ‘influence in the Caribbean region has historically centered around controlling the “backwardness” and “unstableness” of its people, in order to keep U.S. geostrategic and geopolitical interests intact. This is done in conjunction with Caribbean political elites, who subject their own Caribbean populations in perpetual servitude to Western capital. Caribbean neoliberal states have a disregard for the rights of their citizens (and diaspora), favoring almost exclusively (and predominantly) Western foreign corporations and wealthy individuals. Cuba, however, stands out as an exception to this trend, and this is why it has been under relentless attack by Washington for more than 62 years.  It is important to point this out, given that some in the Caribbean political elite classes also share the same regressive rhetoric from the Westabout the “threat of China” to produce reactionary mindsets and views amongst large swaths of Caribbean people— so that their hand in maintaining Caribbean dependency is not critiqued.

    Caribbean people struggling to improve their societies for the better are continuously warned by the U.S. and its Western and Caribbean allies that they must maintain themselves in a dependent position. The truth is: So long as the majority of individual Caribbean states are importing finished products and agricultural goods from the U.S., Canada, and Europe—and to a smaller extent now China—the Caribbean will never have trade surpluses with these states. Lack of local businesses and the foreignization of Caribbean economies compound this contradiction that is perpetuated by the entrenched Western-led economic system. Political elites in the Caribbean frequently disregard local protests and locally developed alternatives that could threaten Western foreign corporations and investment. There is a real need for enhanced regional integration for Caribbean people, not only states, to improve their lot within the prevailing system. People will continuously be let down by formations like CARICOM, so long as these associations are dominated by Western development frameworks and have individual member states who care more about aligning their security interests with the West instead of their own region. While neoliberalism in the Caribbean is often attributed to structural constraints and the limited capacity of states to regulate foreign capital, such explanations fail to account for the extent to which Caribbean governments have themselves normalized and actively advanced neoliberal policy frameworks. The promotion of neoliberal policies both prolongs, and makes systemic, foreign dependence and domination.

    U.S. fear mongering about China in the Caribbean is propaganda. It only serves to prevent people from questioning why Caribbean states are dependent and why there is rampant foreignization of Caribbean economies. Who owns these corporate entities that make life hard in the Caribbean? The “threats” from the U.S. perspective boil down to the fact that China, in the Caribbean, is taking advantage of Western policies that make the Caribbean exploitable. It is often noted—and indeed observable—that China imports its own labor for development projects in the Caribbean. However, this practice is neither new nor unique; countries such as the United States, Canada, and various European powers have long employed similar strategies. Understandably, this reliance on imported labor has generated frustration among Caribbean populations, particularly given the region’s high levels of unemployment and underemployment. Many local workers are both willing and able to acquire the necessary skills and trades to work on infrastructure and development projects that come to the region. Local Caribbean firms and entrepreneurs would also seize the opportunity to participate in these projects—including local sourcing of materials. But this beneficial type of development is not presently feasible given how Western capitalists have integrated Caribbean states into the global capitalist system.

    The efforts of the Trump administration to cast China as a security threat in the Caribbean and to portray doing business with China as a security risk, have largely been unsuccessful. In the Caribbean, China simply takes advantage of Western policies that have made the region highly favorable and open to foreign investment, foreign entrepreneurs, and government dealings—in the form of Memorandums of Understanding (MOU) and Letters of Agreement (LOA)—with other states and corporations. The acceptance of these MOUs and LOAs receive minimal, to no input from Caribbean citizens. Debt traps have been normalized in the Caribbean by the Western capitalist system, making the Caribbean one of the most highly indebted regions in the world. Today, propagandists tend to invoke the myth of the  “Chinese debt-trap” to attribute to China this false label of being engaged in “debt trap diplomacy”—a term popularized in 2018 during the first trade assault against China.[xxix] In response to this myth, progressive commentators tend to highlight that China forgives a lot of debt, and has even helped Caribbean states to restructure debts owed to various financial institutions.[xxx] However, the biggest elephant in the room is that even if China ceased to exist in the Caribbean region, the region would still be one of the most indebted within the Western capitalist system. The debt-trap narrative not only deflects attention from the significant role Western powers have played in producing Caribbean indebtedness, but also unjustly shifts the burden onto China to forgive obligations for which Western capital is responsible.[xxxi] Lack of transparency in investment agreements and investor tax benefits, including profit repatriation, in the Caribbean has been normalized by laws first written by various European empires and later by Western capitalists that crafted structural adjustment policies. Yet, such arrangements, historically established by U.S. and Canadian capital interests, are often rebranded as evidence of corruption within the China–Caribbean relationship. Those concerned with the persistence of Caribbean dependency should critically engage with its structural causes and actively challenge Western propaganda regardless of the source from which it emanates.

    Endnotes

    [i] Pierre, Jemima. 2020. “Haiti: An Archive of Occupation, 2004-.” Transforming Anthropology 28(1): 3–23. doi: https://doi.org/10.1111/traa.12174.

    [ii] Kestler-D’Amours, Jillian. “‘A Criminal Economy’: How US Arms Fuel Deadly Gang Violence in Haiti.” Al Jazeera, March 25, 2024. web: https://www.aljazeera.com/news/longform/2024/3/25/a-criminal-economy-how-us-arms-fuel-deadly-gang-violence-in-haiti.

    [iii] Mack, Willie. Haitians at the Border: The Nativist State and Anti-Blackness. Carr-Ryan Commentary. Harvard Kennedy School, 2025. web: https://www.hks.harvard.edu/centers/carr-ryan/our-work/carr-ryan-commentary/haitians-border-nativist-state-and-anti-blackness.

    [iv] Ziye, Chen, and Bin Li. “Escaping Dependency and Trade War: China and the US.” China Economist 18, no. 1 (2023): 36–44.

    [v] Wiseman, Paul. “Fact Check: Does China Manipulate Its Currency?” PBS News, December 29, 2016. https://www.pbs.org/newshour/world/fact-check-china-manipulate-currency.

    [vi] Loop News. “More Caribbean Countries Respond to New US Tariffs,” April 4, 2025, sec. World News. https://www.loopnews.com/content/more-caribbean-countries-respond-to-new-us-tariffs/.

    [vii] TEMPO Networks. “Here Are All The Caribbean Countries Hit By Trump’s New Tariffs.” Tempo Networks, April 3, 2025, sec. News. https://www.temponetworks.com/2025/04/03/here-are-all-the-caribbean-countries-hit-by-trumps-new-tariffs/.

    [viii] Grannum, Milton. “Oil, Bauxite, Gold Exempt from US Tariff.” Stabroek News, April 4, 2025, sec. Guyana News. https://www.stabroeknews.com/2025/04/04/news/guyana/oil-bauxite-gold-exempt-from-us-tariff/.

    [ix] Handy, Gemma. “Was China the Reason Guyana Faced Higher Trump Tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [x] John, Tamanisha J. 2024. “Hurricane Unpreparedness in the Caribbean, Disaster by Imperial Design.” Council on Hemispheric Affairs (COHA). The Caribbean. https://coha.org/hurricane-unpreparedness-in-the-caribbean-disaster-by-imperial-design/.

    [xi] Grantham-Philips, Wyatte. “A Timeline of Trump’s Tariff Actions so Far.” PBS News, April 10, 2025, sec. Economy. https://www.pbs.org/newshour/economy/a-timeline-of-trumps-tariff-actions-so-far.

    [xii] Saul, Jonathan, Lisa Baertlein, David Lawder, and Andrea Shalal. “United States Eases Port Fees on China-Built Ships after Industry Backlash.” Reuters, April 17, 2025, sec. Markets. https://www.reuters.com/markets/global-shippers-await-word-us-plan-hit-china-linked-vessels-with-port-fees-2025-04-17/.

    [xiii] Credible Sources interview on February 26, 2025. Guyana in U.S.-China Crossfire? Ex-Diplomat Weighs In, 2025. https://www.youtube.com/watch?v=UtCNBiKdj-0

    [xiv] Handy, Gemma. “Was China the reason Guyana faced higher Trump tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [xv] Chabrol, Denis. “Guyana Pledges ‘Preferential’ Treatment to US.” Demerara Waves, March 27, 2025, sec. Business, Defence, Diplomacy. https://demerarawaves.com/2025/03/27/guyana-pledges-preferential-treatment-to-us/.

    [xvi] John, Tamanisha J. “Guyana, Beware the Western Proxy-State Trap.” Stabroek News, December 25, 2023, sec. In The Diaspora. https://www.stabroeknews.com/2023/12/25/features/in-the-diaspora/guyana-beware-the-Western-proxy-state-trap/.

    [xvii] Foreign Ministry Spokesperson Guo Jiakun’s Regular Press Conference on April 3, 2025. Beijing Says That Road in Guyana Criticised by Rubio Is Not Built by China, 2025. https://youtu.be/6gljwDyW1qk?si=2QXhDUythljBsIcJ.

    [xviii] Morales Ruvalcaba, Daniel. 2025. “National Power in Sino-Caribbean Relations: CARICOM in the Geopolitics of the Belt and Road Initiative.” Chinese Political Science Review 10: 28–48. doi: https://link.springer.com/article/10.1007/s41111-024-00252-4.

    [xix] Ibid.

    [xx] Ibid. 

    [xxi] Qi, Wang. “Hyping Chinese ‘spy Bases’ in Cuba Slander; Shows US’ Hysteria: Expert.” Global Times, July 3, 2024. https://www.globaltimes.cn/page/202407/1315376.shtml.

    [xxii] Pate, Durrant. “US Warns Jamaica against Chinese 5g.” Jamaica Observer, October 25, 2020. https://www.jamaicaobserver.com/2020/10/25/us-warns-jamaica-against-chinese-5g/.

    [xxiii] Belly of the Beast. Investigative Report. May 30, 2025. Big Headlines, No Proof: Inside the Hype Over “Chinese Spy Bases”  https://www.youtube.com/watch?v=CF87JJp8WIo

    [xxiv] Bayona Velásquez, Etna. “Chinese Economic Presence in the Greater Caribbean, 2000-2020.” In Chinese Presence in the Greater Caribbean: Yesterday and Today, 599–661. Santo Domingo, Dominican Republic: Centro de Estudios Caribeños (PUCMM), 2022.

    [xxv] Loop news. “T&T, Caribbean countries pledge support for One China policy.” May 6, 2022. https://www.loopnews.com/content/tt-caribbean-countries-pledge-support-for-one-china-policy/

    [xxvi] Ricart Jorge, Raquel. “China’s Digital Silk Road in Latin America and the Caribbean.” Real Instituto Elcano, April 21, 2021, sec. Latin America. https://www.realinstitutoelcano.org/en/commentaries/chinas-digital-silk-road-in-latin-america-and-the-caribbean/.

    [xxvii] John, Tamanisha J. 2023. “US Moves to Curtail China’s Economic Investment in the Caribbean.” Council on Hemispheric Affairs (COHA). https://coha.org/us-moves-to-curtail-chinas-economic-investment-in-the-caribbean/.

    [xxviii] Jagan, Cheddi. “Alternative Models of Caribbean Economic Development and Industrialisation.” In Caribbean Economic Development and Industrialisation, 3 (1):1–23. Hungary: Development and Peace, 1980. https://jagan.org/CJ%20Articles/In%20Opposition/Images/3014.pdf.

    [xxix] Chandran, Rama. “The Chinese “Debt Trap” Is a Myth.” China Focus, August 26, 2022,  http://www.cnfocus.com/the-chinese-debt-trap-is-a-myth/

    [xxx] Hancock, Tom. “China renegotiated $50bn in loans to developing countries: Study challenges ‘debt-trap’ narrative surrounding Beijin’s lending.” Financial Times, April 29, 2019, https://www.ft.com/content/0b207552-6977-11e9-80c7-60ee53e6681d

    [xxxi] Kaiwei, Zhang and Xian Jiangnan. “So-called “debt trap” a Western rhetorical trap.” China International Communications Group (CN) , September 14, 2024, https://en.people.cn/n3/2024/0914/c90000-20219659.html

    Featured image: Chinese Foreign Minister Wang Yi (centre) poses for a group photograph with representatives from the Caribbean countries that share diplomatic relations with China, May 12, 2025, at the Diaoyutai State Guesthouse, Beijing
    (Source: Chinese State Media)

    Tamanisha J. John is an assistant professor in the Department of Politics at York University and a member of the US/NATO out of Our Americas Network zoneofpeace.org/ 

    MIL OSI NGO

  • MIL-OSI United Nations: Secretary-General’s press conference at Ocean Conference [scroll down for French]

    Source: United Nations MIL-OSI 2

    ood morning,
     
    We are in Nice on a mission – save the ocean, to save our future.

    That was my message at the Conference opening yesterday, and it is the message I have carried through all my meetings.
     
    The ocean is the lifeblood of our planet.
     
    It produces half of the oxygen we breathe, nourishes billions of people, supports hundreds of millions of jobs, and underpins global trade.
     
    For many, the ocean is more than a source of food and livelihood.
     
    It shapes cultures…anchors identities… and feeds the soul.
     
    Yet, we are treating it like a limitless resource – pretending it can absorb our abuse without consequence.
     
    Every year, we see more troubling signs that our ocean is under siege.
     
    Fish populations are collapsing due to reckless illegal fishing and overexploitation.
     
    Climate change is driving ocean acidification and heating – destroying coral reefs, accelerating sea level rise, and threatening communities worldwide.
     
    And plastic pollution is choking marine life and infesting our food chain – ultimately ending up in our blood and even our brains.
     
    When we poison the ocean, we poison ourselves.
     
    Dear friends,
     
    There’s a tipping point approaching – beyond which recovery may become impossible.
     
    And let us be clear:
     
    Powerful interests are pushing us towards the brink.
     
    We are facing a hard battle, against a clear enemy.
     
    Its name is greed.
     
    Greed that sows doubt… denies science… distorts truth… rewards corruption… and destroys life for profit.
     
    We cannot let greed dictate the fate of our planet.
     
    That is why we are here this week: to stand in solidarity against those forces and reclaim what belongs to us all.
     
    Governments, business leaders, fishers, scientists…  everyone has a responsibility and a vital role to play.
     
    Throughout my many engagements at the Conference, I have highlighted four priorities.
     
    First – we must transform how we harvest the ocean’s bounty.
     
    It is not about fishing, it’s about how we fish.
     
    Sustainable fishing is not a choice – it is our only option.
     
    This means stronger global cooperation, strict enforcement against illegal fishing, and expanded protected areas to rebuild stocks and safeguard marine life.
     
    And it means delivering on the 30 by 30 target – to conserve and manage at least 30 per cent of marine and coastal areas by 2030.
     
    We have a moral duty to ensure future generations inherit oceans swarming with life.
     
    Second – we must confront the plague of plastic pollution.
     
    This means phasing out single-use plastics, overhauling waste systems, and boosting recycling.
     
    All countries must quickly finalize an ambitious, legally binding global treaty to end plastic pollution. And we hope that this will happen this year.
     
    Third – the fight against climate change must extend to the seas.
     
    For decades, the ocean has been absorbing carbon emissions and taking the heat of a warming planet.
     
    That comes at great cost.
     
    As we prepare for COP30 in Brazil, countries must present ambitious national climate action plans.
     
    These plans must align with limiting the rise in global temperature to 1.5 degrees Celsius;
     
    Cover all emissions and the whole economy;
     
    And in line with the commitments countries have made to accelerate the global energy transition and seize the benefits of clean power.
     
    Last year, for the first time, the annual global temperature was 1.5°C hotter than pre-industrial times.
     
    Scientists are clear: that does not mean that the long-term global temperature rise limit to 1.5 degrees is out of reach.
     
    It means we need to fight harder.
     
    The ocean depends on it – and so do we.
     
    I urge countries to champion ocean-based climate solutions – like protecting mangroves, seagrass beds, and coral reefs.
     
    We must also increase financial and technological support to developing countries – so that they can protect themselves from extreme weather and respond when disasters strike.
     
    The survival of coastal communities and Small Island Developing States depends on it.
     
    And fourth – we must implement the recent Agreement on Marine Biodiversity of Areas Beyond National Jurisdiction.
     
    The Agreement is a historic step towards protecting vast areas of our ocean.
     
    I congratulate the 134 countries that have signed and the 49 and counting that have ratified the Agreement – including 18 new signatures and 18 ratifications yesterday alone.
     
    The entry into force is within our sight.
     
    And I call on all remaining nations to join swiftly.
     
    We do not have a moment to lose.
     
    Finally, on seabed mining, we have a collective responsibility to proceed with great caution.
     
    I support the ongoing work of the International Seabed Authority on this important issue.
     
    As I said yesterday, the deep sea cannot become the Wild West.
     
    Ladies and gentlemen of the media,
     
    The urgency of this moment cannot be overstated.
     
    Ocean health is inseparable from human health, climate stability, and global prosperity.
     
    But I leave Nice energized and encouraged by the many pledges already made.
     
    Encouraged by island nations and Indigenous Peoples sharing their stories and expertise…
     
    Encouraged by young activists demanding action and accountability…
     
    Scientists developing innovative solutions for all…
     
    Business leaders investing in the blue economy…
     
    This is the global coalition we need.
     
    I urge everyone to step forward with decisive commitments and tangible funding.
     
    The ocean has given us so much.
     
    It is time we returned the favor.
     
    Our health, our climate, and our future depend on it.
     
    Thank you. Je vous remercie.
     
    Question: Secretary General, you warned against a wild west on deep sea mining. Beyond words, what specific actions would you like countries to take to either stop deep sea mining or put in place strong regulations?
     
    Secretary-General: Well, as I mentioned, there is an institution that has a key role to play, and is playing it, and I trust that they will be doing what is necessary to avoid the Wild West that I mentioned. It is the International Seabed Authority, and I think it’s extremely important not to have any kind of initiative that is beyond whatever will be established by the International Seabed Authority.
     
    Question: Mr. Secretary-General, you said we have to save the ocean. Are you happy with this conference? Do you think it will make a difference?
     
    Secretary-General: I think it is making a difference. There is one aspect that is particularly evident. UNCLOS, the United Nations Convention on the Law of the Sea, took 12 years to enter into force. We are two years from the BBNJ, and we have already, as of today, 49 ratifications [Editor’s Note: 50 including the EU] with 15 commitments to do it soon, which means that it will, in the next few months, reach the entry into force. That is a record – a little bit more than two years. So, I see a momentum and an enthusiasm that was difficult to find in the past.
     
    And the way this meeting was attended – not only by countries, but by civil society, by the business community, by indigenous communities, representing more than double those that came to the Lisbon conference that I attended two years ago – shows the very strong commitment made by countries in relation to enlarging the protection areas. All these shows a momentum that, to be honest, I had never witnessed in conferences of this type. Am I entirely happy? Of course not. I would like things to move much faster.
     
    And let’s not forget that there is a clear link between biodiversity, climate and marine protection. And in that clear link, we still have some dramatic gaps. And one of the most worrying ones is, of course, the impact of climate change on the oceans – the fact that the rising of sea levels is accelerating; the fact that waters are more and more warmer with acidification. We see the impacts in coastal areas. We see the corals bleaching, and we see that climate change became an extremely dramatic threat to the lives of our oceans. And there, I have to say, we are moving slowly, and I hope the COP in Belém will be able to provide the necessary acceleration.
     
    Question: You said that sustainable fishing was the only option left, but for small states like Sri Lanka that’s struggling with bottom trawling – a regional practice  – and IUU fishing [Illegal, unreported and unregulated], we don’t have the capacity to enforce and control external actors like that. What can the UN do to assist small states to protect its fish stocks and marine ecology?
     
    Secretary-General: I think we must develop forms, first of all, of accountability in relation to illegal fishing and in relation to the way fishing resources of developing countries are being exploited by a certain number of predators. So, there is a question of accountability, and we’ll be doing our best to increase the mechanisms of international accountability that for the moment – let us be clear – are extremely limited and inefficient.
     
    Question: CO2 emissions from fossil fuels are a double problem for the ocean because of acidification, and they are hitting the atmosphere and the ocean. At the same time, there’s a lot of oil industry activity that happens in the ocean, which is a continuing risk. What message and agreements do you expect to hear from the countries in this conference regarding the fossil fuel industry or is this not a subject right now in this conference?
     
    Secretary-General: I believe the energy transition will be more central in the COP meeting than in this meeting. But there are two things that, for me, are absolutely evident. First is that 85 per cent of the emissions correspond to fossil fuels. So the problem of climate change is essentially linked to fossil fuels. The second is that we are witnessing an energy transition that demonstrates that the cheapest way to produce energy is through renewables.
     
    You might have heard what I said about greed. There is a dramatic effort from the fossil fuel industry to distort the reality. But one thing for me is inevitable – the fossil fuel age is coming to an end, and the renewable age will be there as the age of the future. The problem is, will that be done on time? And what we need is to accelerate that transition.  And I hope that in the COP there will be a very strong message in this regard.
     
    Question: I wanted to ask if you have concerns generally about the 1.5 target slipping out from policymakers’ speeches as people come to accept that it’s not likely to be met. Are you concerned that people are moving ahead and starting to talk about 2 degrees? How do you keep up the message around 1.5 when the science looks certain that it will be passed?
     
    Secretary-General: I am concerned. Scientists are very clear when they tell us that the 1.5 degrees is still achievable as a limit to global warming. But they are also unanimous in saying that we are on the brink of a tipping point that might make it impossible. So there is a matter of urgency that is extremely important, and that is the reason of my concern. Until now, we have not seen enough urgency, enough speed in making things move fast, in energy transition and in other aspects that are essential to keep 1.5 degrees alive. A lot of progress is being seen, but not yet enough, and we must accelerate our transition. And this is, for me, the most important objective of the next COP, and of the pressure we are making at the present moment on countries to have Nationally Determined Contributions, the so-called national action plans, that are fully compatible with 1.5 degrees, which foresees until 2035 a dramatic reduction of emissions.
     

    ****

     

    [All-French]

    Bonjour à tous,
     
    Nous sommes à Nice en mission : sauver l’océan – pour sauver notre avenir.
     
    C’était le message que j’ai porté à l’ouverture de la Conférence hier.
    Et c’est le message que j’ai répété à chacune de mes rencontres ici.
     
    L’océan est le poumon de notre planète.
     
    Il produit la moitié de l’oxygène que nous respirons… nourrit des milliards de personnes… soutient des centaines de millions d’emplois… et fait tourner le commerce mondial.
     
    Mais pour beaucoup, l’océan est bien plus qu’une ressource.
     
    Il façonne des cultures. Il ancre des identités. Il nourrit l’âme humaine.
     
    Et pourtant, nous le traitons comme une ressource inépuisable – comme s’il pouvait absorber nos abus sans conséquences.
     
    Chaque année, les signes de détresse se multiplient.
     
    Les stocks de poissons s’effondrent sous l’effet de la pêche illégale et de la surexploitation.
     
    Le dérèglement climatique provoque l’acidification et le réchauffement des océans – détruisant les récifs de corail, accélérant la montée des eaux, et mettant en péril des communautés entières.
     
    La pollution plastique étouffe la vie marine et contamine notre alimentation – jusqu’à se retrouver dans notre sang… et même dans notre cerveau.
     
    En empoisonnant l’océan, c’est nous-mêmes que nous empoisonnons.
     
    Chers amis,
     
    Nous approchons un point de bascule – au-delà duquel tout retour en arrière pourrait devenir impossible.
     
    Soyons clairs : des intérêts puissants nous poussent dangereusement vers le précipice.
     
    Nous livrons un combat difficile, contre un ennemi bien identifié.
     
    Son nom, c’est la cupidité.
     
    Une cupidité qui sème le doute… nie la science… déforme la vérité… récompense la corruption… et détruit la vie au nom du profit.
     
    Nous ne pouvons pas laisser la cupidité dicter le sort de notre planète.
     
    C’est pourquoi nous sommes ici cette semaine : pour faire front ensemble face à ces forces – et reprendre ce qui appartient à toutes et à tous.
     
    Les gouvernements, les chefs d’entreprise, les pêcheurs, les scientifiques… chacun a une responsabilité, chacun a un rôle vital à jouer.
     
    Tout au long de la Conférence, j’ai mis en avant quatre priorités.
     
    Premièrement – nous devons transformer la manière dont nous récoltons les richesses de l’océan.
     
    La question n’est pas de pêcher ou non — mais de savoir comment nous pêchons.
     
    La pêche durable n’est pas une option – c’est notre seule voie possible.
     
    Cela exige une coopération internationale renforcée, une lutte implacable contre la pêche illégale, et une extension des aires marines protégées pour reconstituer les stocks et préserver la vie marine.
     
    Cela implique aussi de tenir l’objectif 30-30 : protéger et gérer au moins 30 % des zones marines et côtières d’ici 2030.
     
    Nous avons le devoir moral de transmettre aux générations futures des océans pleins de vie.
     
    Deuxièmement – nous devons combattre le fléau de la pollution plastique.
     
    Cela signifie éliminer progressivement les plastiques à usage unique, réformer les systèmes de gestion des déchets, et renforcer le recyclage.
     
    Tous les pays doivent conclure rapidement un traité mondial ambitieux et juridiquement contraignant pour mettre fin à la pollution plastique. Et nous espérons que cela se produira cette année.
     
    Troisièmement – la lutte contre le changement climatique doit aussi se mener en mer.
     
    Depuis des décennies, l’océan absorbe nos émissions de carbone et la chaleur d’une planète en surchauffe.
     
    Cela a un prix.
     
    À l’approche de la COP30 au Brésil, les pays doivent présenter des plans d’action climatique nationaux ambitieux.
     
    Des plans compatibles avec l’objectif de limiter la hausse des températures à 1,5 °C ;
     
    Qui couvrent toutes les émissions et l’ensemble de l’économie ;
     
    Et conformément aux engagements des pays à accélérer la transition énergétique mondiale, en saisissant les opportunités offertes par les énergies propres.
     
    L’an dernier, pour la première fois, la température mondiale annuelle a dépassé de 1,5 °C les niveaux préindustriels.
     
    Les scientifiques sont clairs : cela ne signifie pas que la limite de 1,5 °C est hors de portée.
     
    Cela signifie que nous devons redoubler d’efforts.
     
    L’océan en dépend — et nous aussi.
     
    J’appelle les pays à soutenir les solutions climatiques basées sur l’océan — comme la protection des mangroves, des herbiers marins et des récifs coralliens.
     
    Nous devons aussi accroître le soutien financier et technologique aux pays en développement – pour qu’ils puissent se protéger face aux phénomènes climatiques extrêmes, et répondre rapidement quand les catastrophes frappent.
     
    La survie des communautés côtières et des petits États insulaires en dépend.
     
    Quatrièmement – nous devons mettre en œuvre l’Accord sur la biodiversité marine des zones situées au-delà des juridictions nationales.
     
    L’ Accord est une avancée historique pour protéger d’immenses espaces marins.
     
    Je félicite les 134 pays qui l’ont signé, et les 49 – et c’est pas fini – qui l’ont déjà ratifié, dont 18 signatures et 18 ratifications enregistrées hier seulement.
     
    L’entrée en vigueur est à notre portée.
     
    J’en appelle à tous les autres États pour de les rejoindre sans attendre.
     
    Nous n’avons pas une minute à perdre.
     
    Enfin, sur l’exploitation minière des fonds marins, nous avons une responsabilité collective d’agir avec une extrême prudence.
     
    Je salue les travaux en cours de l’Autorité internationale des fonds marins sur cette question cruciale.
     
    Comme je l’ai dit hier, les grands fonds ne peuvent devenir le Far West des temps modernes.
     
    Mesdames et Messieurs les journalistes,
     
    L’urgence de ce moment ne peut être exagérée.
     
    La santé de l’océan est indissociable de la santé humaine, de la stabilité climatique et de la prospérité mondiale.
     
    Mais je quitte Nice plein d’énergie et d’espoir, porté par les nombreux engagements déjà pris.
     
    Porté par les récits et l’expertise des nations insulaires et des peuples autochtones…
     
    Par la détermination des jeunes militants qui exigent des comptes…
     
    Par les scientifiques qui inventent des solutions pour toutes et tous…
     
    Et par les acteurs économiques qui investissent dans une économie bleue durable.
     
    C’est cette coalition mondiale dont nous avons besoin.
     
    J’en appelle à chacun : engagez-vous avec clarté, avec ambition, et avec des financements concrets.
     
    L’océan nous a tant donné.
     
    Il est temps de lui rendre la pareille.
     
    Notre santé, notre climat et notre avenir en dépendent.
     
    Je vous remercie.
     

    MIL OSI United Nations News

  • MIL-OSI USA: Kaptur Urges Northwest Ohio Small Businesses and Nonprofits to Apply for SBA Drought Relief Loans Deadline

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC – Today, Congresswoman Marcy Kaptur (OH-09) is urging small businesses and private nonprofit organizations across Northwest Ohio to act swiftly as the July 7 deadline approaches to apply for US Small Business Administration (SBA) Economic Injury Disaster Loans (EIDLs) related to last fall’s drought conditions across Northwest Ohio, and the Buckeye State.

    Businesses in Erie, Hancock, Henry, Lucas, Ottawa, Putnam, Sandusky, Seneca, and Wood counties have until July 7, 2025, to apply for low-interest federal disaster loans to help offset economic losses caused by the prolonged drought conditions that began on September 10, 2024.

    “These loans have proven a lifeline for small businesses and nonprofits in our region feeling the financial aftershocks of last year’s protracted drought,” said Congresswoman Marcy Kaptur (OH-09). “Northwest Ohio’s resilience depends on making sure local enterprises and community institutions have the resources they need to weather economic hardship. I strongly encourage all eligible organizations to apply for this federal farm assistance before the deadline passes.”

    The SBA’s EIDL program provides working capital to help businesses meet financial obligations and operating expenses that could have been met had the disaster not occurred. Loan funds can be used to pay fixed debts, payroll, accounts payable, and other bills. Importantly, businesses do not need to have sustained physical damage to be eligible for this support.
    While agricultural producers, farmers, and ranchers are generally not eligible, small aquaculture businesses may qualify for assistance. Visit the SBA website for full details and application materials.

    # # #

    MIL OSI USA News