NewzIntel.com

Category: Business

  • MIL-OSI New Zealand: More funding to grow international tourism

    Source: New Zealand Government

    The Government is increasing funding for attracting overseas visitors and investing in tourism infrastructure as part of its new Tourism Growth Roadmap, Tourism and Hospitality Minister Louise Upston says.
    “We’re investing $35 million to deliver the first stage of the Roadmap, which sets out the Government’s plan to double the value of tourism,” Louise Upston says.
    “International visitors bring billions of dollars into New Zealand, from big ticket spends to everyday purchases in local cafes and accommodation. 
    “We want to welcome more visitors to New Zealand, and we want our regional communities to improve their capacity to look after those visitors.
    “The Government must work with industry to unlock the full potential of our tourism sector, and the Roadmap lays out initiatives and investments to ensure our infrastructure, workforce and communities can support further growth.
    “For the 2025/26 financial year, we’re investing $6 million in international marketing across emerging tourism markets, $3 million to increase the number of business events hosted in New Zealand, and an additional $5 million towards the Major Events Fund.
    “These commitments follow the recent announcements of $13.5 million invested in international tourism marketing and $4 million of investment towards improving the visitor experience along the Milford Road corridor.
    “Recent tourism funding has been about boosting visitor numbers. As those higher numbers become established, the Roadmap will shift over time to focus more on supporting communities to look after them well,” Louise Upston says. 
    This investment comes from the International Visitor Conservation and Tourism Levy. This levy is charged to most international visitors, and ensures they are contributing to the public services, facilities and natural environment they will enjoy while in New Zealand.
    More information can be found on the MBIE website.
    Notes to editor: 
    The Tourism Growth Roadmap is attached as a separate document.
    New tourism investments for the 2025/26 financial year include:

    $6 million in Tourism New Zealand’s marketing in the emerging markets of India and Southeast Asia,
    $3 million to increase the number of business events hosted in New Zealand, as part of Tourism New Zealand’s collaboration with Business Events Industry Aotearoa,
    An additional $5 million towards the Major Events Fund,
    $13.5 million in Tourism New Zealand’s marketing in core markets of Australia, the United States and China,
    $4 million towards a wider package of work to improve visitor experiences and reduce congestion along the Milford Road corridor. 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Tourism Growth Roadmap speech to Business Events Industry Aotearoa (BEIA)

    Source: New Zealand Government

    Tēnā koutou katoa. Thank you for the warm welcome. It is my pleasure to welcome you all to MEETINGS 2025.

    First, I would like to acknowledge Mayor Wayne Brown attending MEETINGS 2025 today and a special acknowledgment to Ngāti Whatua Orakei for their pōwhiri and welcome. 

    I would also like to recognise Tataki Auckland Unlimited and in particular the Auckland Convention Bureau for their dedication and hard work advocating for Auckland as a world-class visitor destination.

    Last but not the least, I’d like to extend a heartfelt thank you to some incredible individuals who make events like this possible, a huge thank you again to BEIA Chief Executive Lisa Hopkins and Board Chair Martin Snedden.

    Your leadership across the business events in New Zealand and creating such vibrant and energetic gatherings like MEETINGS 2025 are truly appreciated and make a difference to New Zealand.

    To our local and international buyers, exhibitors and media – thank you for making the journey from around the world to join us in Auckland. 

    Events like MEETINGS are so important for bringing incredible opportunities to our regions, building valuable connections with our offshore markets and strengthening our business events sector.

    There is no doubt that New Zealand’s business events industry is on the rise – and that’s thanks to the fantastic organisations and individuals like you in this room today. 

    You are the driving force behind a growing pipeline of high-value deals across sectors. These opportunities are helping boost productivity, support local communities, and grow our regions.

    Together, we are putting New Zealand as a top place to do business – and the conversations and connections you make over the next few days will help us even further.

    Events like this are a powerful reminder of what it takes to deliver world-class experiences – whether its state-of-the-art venues, exceptional food and catering, smooth logistics, or engaging content. 

    Beyond their direct economic benefits, business events connect us, foster new ideas and drive innovation across industries. I want to acknowledge the vital role you all play – not just as the professionals of tourism and hospitality, but as ambassadors of New Zealand.

    Your commitment lay the foundation for successful events and help position our country as a world leader in the excellence we are known for.

    Increasing tourism and creating a strong economy is a key focus for the next few years, and the economic contribution of the business events sector is a critical element to success. 

    Business events punch well above their weight in attracting high-value international conferences to our regions and main centres throughout the year, and MEETINGS is a prime example of this. 

    I hope you enjoy your Auckland experience and participate in the amazing visitor experience while you are here. 

    As Minister for Tourism and Hospitality, I have two priorities for the portfolio. 

    My first priority is to grow international tourism by both increasing the number of international visitors to New Zealand in the short term, and doubling the value of tourism exports by 2034.

    My second priority is to grow the number of Kiwis in tourism and hospitality jobs which will further support our wider economic growth objectives.

    Our business events sector plays a huge role in showcasing New Zealand as a progressive, entrepreneurial destination and will play a significant role in achieving our goal of doubling tourism exports. 

    Business event participants spend an average of $175 more per day than other visitors, and importantly, often visit in the off-peak period between March and November, boosting tourism and economic activity year-round. This is exactly why we are making positive changes to support its growth.

    In April, alongside the Minister of Health and the Minister for Regulation, I was thrilled to announce a change to the Medicines Act. The change will allow for medicines to be advertised that have not yet been consented by Medsafe at medical conferences in New Zealand. 

    This shift removes a long-standing barrier and opens the door to hosting more international medical conferences and trade shows, unlocking an estimated $90 million in future revenue. 

    On top of that, we’re continuously working to attract high-value incentive business to New Zealand. It’s all part of our effort to make our country a go-to place for significant business events.

    As part of my Tourism Boost package, I provided $3 million to Tourism New Zealand to make an additional 15-20 bids for business events in 2026 and beyond through its existing Conference Assistance Programme. 

    This investment has already supported Tourism New Zealand to win three bids valued at $7.5 million.

    Our message is clear, New Zealand is open for business. We are looking forward to welcoming more business events and conferences to New Zealand and hosting them in our great facilities.

    Tourism is our second largest export earner and a crucial component of our workforce, and we cannot understate the benefits it provides to our country.

    We’re committed to continue growing the sector, which is why today, I am announcing the launch of the Tourism Growth Roadmap. The Roadmap follows my recent Tourism Boost package and is the second step towards doubling our tourism export value by 2034.

    The final Roadmap has been carefully developed based on the conversations I have had with industry leaders since taking over the portfolio and reflects what I’ve heard is important to you. 

    The first package of investment will continue to prioritise increasing international visitor volumes, with around 80 per cent of the investment going towards demand initiatives and 20 per cent towards supply initiatives.

    I am also announcing a $35 million investment from the International Visitor Conservation and Tourism Levy to deliver the first stage of the Roadmap.

    Yesterday, the Prime Minister and I announced $13.5 million in new funding to Tourism New Zealand to uplift marketing activity in our core markets of Australia, the United States and China. 

    This investment is expected to generate around $300 million in spending and deliver an extra 72,000 international visitors to our shores.

    These are big numbers, but this is only part of the full $35 million package we’re unveiling today.

    I am also committing a further $6 million in new funding to uplift marketing activity in our emerging markets of India and Southeast Asia. 

    We know that Tourism New Zealand does an important job of marketing our country internationally, acting as the primary influence for approximately 14 per cent of international holiday visitors. I expect these investments to result in almost $360 million in incremental visitor spend in the economy.

    As I have been saying today, I see the business events sector as an incredibly valuable visitor market for supporting tourism growth.

    That is why I’m thrilled to announce I am committing an additional $3 million to Tourism New Zealand to boost business events attraction for a further year. This reinforces the important role that all of you play, and I am excited to see the positive outcomes from this investment. 

    I am also providing a $5 million boost for major events attraction. Major events drive economic benefits to New Zealand through international visitation and additional direct spend in the host region. 

    To complement these demand initiatives, I am investing in specific regional tourism infrastructure projects. 

    Last week, alongside Minister Potaka, I announced $4 million to improve visitor experiences along the Milford Road corridor. This investment is co-funded and will be delivered by the Department of Conservation.

    As you all know, Milford Sound Piopiotahi is one of our most iconic destinations and a huge drawcard for international visitors. This investment will support improved visitor experiences, infrastructure and reduced congestion. 

    We have an enormous opportunity on our hands. 

    Tourism has the potential to become our biggest export earner – we’ve done it before, and I believe we can do it again. It will take significant effort from us all, and the industry is united with shared purpose, aspirations, and enthusiasm.

    Achieving this will require action on the supply-side and I have asked my officials to begin a review of our tourism system to support this. This includes looking at issues surrounding our workforce:

    • data
    • infrastructure
    • funding
    • our regions and communities
    • aviation and cruise connectivity
    • and the overall visitor experience that we offer.

    We’re looking at what is working well and what do we need to change to ensure we are fit for the future.

    The key to our success will be working together.

    There is plenty of work to do and I am excited to continue working alongside the tourism and hospitality sector to build on the incredible foundations already in place. 

    Ladies and Gentlemen, the next few days are packed with opportunities. 

    New Zealand is open for business, and we welcome the opportunity to attract more business, exhibition and incentive travellers to New Zealand and grow our economy. Together, let’s maximise the value tourism brings to our beautiful country!

    Thank you again.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Local News – ELECTRIFY QUEENSTOWN TO RETURN IN 2026

    Source: Destination Queenstown

    Queenstown, New Zealand (10 June 2025) – Electrify Queenstown will return for a third year, following the huge success of the 2025 event which built strong momentum across the region.

    Now a cornerstone event in Queenstown’s calendar, Electrify Queenstown will take place from 17 – 19 May 2026, bringing together industry leaders, innovators, politicians and policymakers to share practical, cost-effective ways for businesses and households to electrify.

    Mat Woods, Chief Executive of Destination Queenstown and Lake Wānaka Tourism, says Electrify Queenstown is an event designed to turn ideas into action.

    “The energy this year was incredible with hundreds of people turning up to explore new and emerging technologies and future-focused solutions that not only save you money, but are good for the environment too.” he said.

    Attendees this year included local residents, visitors from around New Zealand, business owners, and change makers all eager to share the opportunities and challenges involved in a low-emissions future.

    The event featured bold announcements including plans for a low-emissions urban cable car network in Queenstown, the debut of new electric marine propulsion technology on Lake Whakatipu, and the release of Rewiring Aotearoa’s policy manifesto.

    Mike Casey, CEO of Rewiring Aotearoa, says there’s an exciting opportunity for New Zealand to lead the global energy transition, and events like Electrify Queenstown are helping educate kiwis about what’s possible.  

    “Aotearoa New Zealand is one of the few countries that has reached the electrification tipping point where it’s cheaper to electrify than use the fossil fuel alternative.

    “Whether you’re in it for the cost savings, lowering emissions, or energy security, we all win by going electric.” Mike said.

    Electrify Queenstown is proving to be a valuable platform for businesses and innovators to showcase energy-efficient solutions for homes and enterprises.  

    Sharon Fifield, CEO of Queenstown Business Chamber of Commerce, says it’s inspiring to see the momentum that’s been built since the inaugural one-day event in 2024.

    “Businesses are seeing the economic value of electrification alongside the environmental benefits, and there’s genuine enthusiasm to get involved and make a difference.” Sharon said.

    With strong interest from locals eager to lower their bills, become more energy efficient and resilient, organisers say Electrify Queenstown 2026 will again cater to everyone with even more opportunities for collaboration and innovation.

    “Each year, more people are seeing what’s possible through electrification and it’s exciting to think about what 2026 will bring.” Mat added.

    Electrify Queenstown 2026 will take place at the Queenstown Events Centre, Sunday 17 May – Tuesday 19 May 2026.

    The event supports Queenstown Lakes’ destination management plan and the broader goal of regenerative tourism and a carbon-zero visitor economy by 2030.

    MIL OSI New Zealand News –

  • MIL-OSI: AMD EPYC Processors Now Power Nokia Cloud Infrastructure for Next-Gen Telecom Networks

    Source: GlobeNewswire (MIL-OSI)

    — Nokia Cloud Platform will use 5thGen AMD EPYC CPUs for leadership performance and energy efficiency across virtualization deployments —

    SANTA CLARA, Calif., June 10, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today announced that Nokia has included 5th Gen AMD EPYC™ processors to power the Nokia Cloud Platform, bringing the leadership performance and performance per watt to next-generation telecom infrastructure.

    “Telecom operators are looking for infrastructure solutions that combine performance, scalability, and power efficiency to manage the growing complexity and scale of 5G networks,” said Dan McNamara, senior vice president and general manager, Server Business, AMD. “Working together with Nokia, we’re using the leadership performance and energy efficiency of the 5th Gen AMD EPYC processors to help our customers build and operate high-performance, and efficient networks.”

    “This expanded collaboration between Nokia and AMD brings a multitude of benefits and underscores Nokia’s commitment to innovation through diverse chip partnerships in 5G network infrastructure. The new 5th Gen AMD EPYC processors offer high performance and impressive energy efficiency, enabling Nokia to meet the demanding needs of its 5G customers while contributing to the industry’s sustainability goals,” said Kal De, senior vice president, Product and Engineering, Cloud and Network Services, Nokia.

    The processors will be deployed within Nokia Cloud Platform, a key component that supports containerized workloads foundational to 5G Core, edge, and enterprise applications. By integrating the AMD EPYC 9005 Series processors into Nokia Cloud Platform, Nokia will deliver impressive performance per watt—a critical factor in delivering both computing power and energy efficiency for modern telecom networks that must meet growing data demands while minimizing environmental impact.

    Supporting Resources

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages.

    AMD, the AMD Arrow logo, EPYC and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    The MIL Network –

  • MIL-OSI: Dai-ichi Life Group and Capgemini sign multi-year agreement to establish a Global Capability Center in India to drive international digital transformation

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Pek Kee Sum
    Tel.: +65 89 40 71 98
    E-mail: pek-kee.sum@capgemini.com

    Dai-ichi Life Group and Capgemini sign multi-year agreement to establish a Global Capability Center in India to drive international digital transformation

    Singapore, June 10, 2025 – Capgemini and Dai-ichi Life Holdings, today announced the signing of a multi-year agreement to establish a Global Capability Center (GCC) in India.

    This landmark agreement is poised to accelerate Dai-ichi Life Group’s digital transformation globally. The GCC aims to tap into India’s deep pool of skilled professionals to support and enhance its IT and digital strategies. As a result, Dai-ichi Life Group’s goal is to significantly strengthen its in-house digital capabilities and technology platforms, driving innovation and operational efficiency on a global scale.

    This strategic collaboration with Capgemini, which initially spans Japan, the United States, and Australia, will leverage a broad spectrum of the GCC’s digital capabilities including advanced software development, infrastructure modernization, AI & data solutions, and robust cybersecurity measures. It is designed with the flexibility to expand into other countries based on market needs and potential, to support the global ambitions of Dai-ichi Life Group.

    “This strategic partnership with Capgemini supports our long-term ambition to build differentiated, internal capabilities through the establishment of our Global Capability Center,” said Tetsuya Kikuta, President and CEO at Dai-ichi Life Holdings. “By adopting a Build-Operate-Transfer model, we are not only accelerating our digital transformation but also laying the foundation for in-house expertise in critical areas such as AI, data, and cybersecurity. This approach sets us apart and strengthens our ability to deliver innovative, high-impact solutions across the Dai-ichi Life Group.”

    Capgemini will bring its end-to-end capabilities at scale, including its strong presence and delivery track record in Japan, the Asia Pacific region and globally, to enable Dai-ichi Life Group’s transformation agenda. The partnership will focus on co-innovating solutions that streamline operations, harness the power of data analytics and artificial intelligence, and fortify cybersecurity defenses, all while helping to ensure a seamless and enhanced experience for Dai-ichi Life Group’s customers.

    “This strategic collaboration with Dai-ichi Life Group, a distinguished leader in the insurance sector, comes at a crucial time for the industry. Today, customer service remains one of the most powerful tools for encouraging loyalty and shaping brand perception, and this is increasingly enabled through technology,” said Aiman Ezzat, Chief Executive Officer at Capgemini. “This partnership is built on a shared vision to leverage technology and innovation to not only meet but exceed consumer expectations. By combining Dai-ichi Life’s deep industry knowledge with Capgemini’s global business and technology transformation expertise, including our proven ability to deliver complex solutions, our partnership will help unlock new value for the Dai-ichi Life Group and set new benchmarks in customer service and operational efficiency.”

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
    Get The Future You Want | www.capgemini.com

    About Dai-ichi Life Group
    Dai-ichi Life Group was founded in 1902 as Japan’s first mutual life insurance company. It became a joint-stock company and was listed on the stock exchange in 2010, before transitioning to a holding company structure in 2016. The Group has since expanded its operations globally, including across the Asia-Pacific region and North America, and now serves over 50 million customers while managing approximately USD 430 billion in consolidated assets. Our IT and Digital strategies enable us to innovate, improve efficiency, and enhance customer experience, while driving long-term growth and sustainability.
    By your side, for life | www.dai-ichi-life-hd.com

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Greens denounce Labour’s Spending Review as ‘spreadsheet Britain’ and call for a ‘hopeful vision for a better future’  

    Source: Green Party of England and Wales

    Ahead of Wednesday’s Spending Review, Adrian Ramsay MP, co-leader of the Green Party, accused the government of lacking a vision for a better future. He said: “This Spending Review shows that the government knows the cost of everything but the value of nothing.” 

    He went on to say: 

    “This looks like a spreadsheet Britain approach, leading the country into deliberate decline, when we need a hopeful vision for a better future.  

    “Austerity has meant our hospitals, schools and transport services have sustained real terms budget cuts, and long-term capital investment will not deliver fast enough to impact people’s lives. Millions of people are facing financial, health and housing insecurity right now. The Spending Review will fail those children stuck in poverty today – children who need warm homes and enough to eat.” 

    “We need to invest in a more secure future for everyone. Real security comes from people feeling warm and comfortable in their homes, valued in their communities and secure in the knowledge that climate action will safeguard the future for their children and grandchildren.” 

    Ramsay said there should be a much stronger focus on building, providing and retrofitting social homes. He said: 

    “Rather than turning the screw further on councils which are already on their knees, the Chancellor must commit the billions that councils need to buy, build and design social housing instead of offering a blank cheque to developers to build executive homes that few can afford.  

    “We know this is what people want. A new YouGov survey commissioned by the Greens has found that people are three times more likely to want the Government to build more social housing than encouraging developers to build more private homes.” 

    Ramsay also repeated calls for a fairer tax system to raise money and reverse chronic underspending in public services.    

    “A wealth tax of 1% on assets over £10 million and 2% on assets above £1 billion could raise £24 billion a year. Cutting support to disabled people while billionaires are gaining £35 million a day in wealth is indefensible. We are one of the wealthiest countries in the world – it’s time the super-rich paid up and for Labour to start taxing wealth fairly. 

    Adrian Ramsay MP concluded: 

    “From child poverty to climate breakdown, the challenges we face are not small – and neither should be our response. People want a government that invests in them, in their homes, in their services, in building a resilient future. Cuts don’t create hope. Investment does. We need public services that are fit for purpose, homes that are warm and affordable, and a tax system that serves the many, not the wealthy few.”

    MIL OSI United Kingdom –

  • MIL-Evening Report: Australia should stand up for our feta and prosecco in trade talks with the EU

    Source: The Conversation (Au and NZ) – By Hazel Moir, Honarary Associate Professor; economics of patents, geographical indications and other “IP”; trade treaties, Australian National University

    TY Lim/Shutterstock

    Trade Minister Don Farrell has confirmed Australia and the European Union will restart negotiations for a free trade agreement immediately. Two years ago, Australia walked away over a disappointing market access offer for our beef, sheep, dairy and sugar exporters.

    But with US President Donald Trump’s unilateral tariff increases, the world has changed. The chances of successfully completing the negotiations with the EU on increasing access for some agricultural products and cutting red tape now seem good.

    Australia wants improved access for its beef and lamb exports to Europe, but European farmers have significant political influence. The 2023 offer from the EU would have accounted for just 0.3% of its agricultural imports. It was also less than that offered to other trading partners.

    Another major stumbling block was the EU’s demand that Australia give up naming rights for hundreds of food and drink products.

    The EU wants Australia to adopt its system of regulating names for regional food and spirit specialties. If accepted, this could negatively impact on consumers, Australian dairies and boutique spirit makers.

    What is the EU asking for?

    The EU wants Australia to adopt its so-called “geographical indications” approach to protect the names of European products. It has listed 170 food names and 236 spirit names for Australia to give up.

    The EU argues Australia should allow only Greek feta to be sold here; currently Australian, Greek, Danish and Bulgarian feta are all sold in our shops. It also wants the names prosecco and parmesan reserved for European producers.

    Australia approaches food product labels differently, mainly through consumer protection laws. Further, there is little culture of fraud here, while the European system was originally introduced for wines because of widespread fraud, before it spread to food products.

    Problems arise with the specific food and spirit names the EU wants reserved for their producers. Australia argues these are common names for the food items and we shouldn’t lose access to them.

    Intellectual property privileges limit what other producers can do. So there is always a process to allow other parties to object. Our trade agreements also provide for objections processes.

    In 2019, the Australian government called for producers to raise any objections, but provided no follow-up and no process for the resolution of objections. Producers have received no feedback. This denies those affected by the European naming demands access to due process of law.

    The problem with parmesan

    The worst problems are with the common names that, in Australia, are recognised as generic product names.

    Prosecco grapes growing in the Veneto region of Italy. The EU wants to restrict use of the name prosecco.
    StevanZZ/Shutterstock

    The EU does recognise many food names as common names, such as gouda, brie, edam and camembert cheese. But they want Australia to declare that feta, parmesan and prosecco are not common names in Australia. Australian producers, retailers and consumers would disagree.

    The Europeans argue parmesan is a translation of its geographical indication, Parmigiano Reggiano. It refuses to accept that in Australia consumers recognise parmesan as the common name for a hard cheese while Parmigiano Reggiano is an Italian cheese.

    In 2024, the Singapore Court of Appeal ruled parmesan is not a translation of Parmigiano Reggiano in Singapore and is available for use in Singapore as a common name. It is also clearly recognised as a common name in the EU-Korea trade agreement.

    Carve-outs for feta producers

    Feta is not a place name (it means slice). Canada solved the feta problem in its trade deal with Europe by accepting feta as a geographical indication, but grandfathered the right of all existing Canadian producers to continue to produce and sell feta. Vietnam achieved similar safeguards.

    Australia could ask for the same deal as provided to Canada, and this would ensure no negative impacts on producers or Australian consumers. To protect Australian consumers, who are currently also able to buy Danish and Bulgarian feta, Australia should ensure this exception includes companies exporting into Australia.

    Who can make prosecco?

    Prosecco is specified as a grape variety in the 1994 Australia-Europe bilateral wine treaty, and in Italy until 2009.

    Since then the Italian government took action to privatise the name prosecco and the EU endorsed prosecco as a proprietary name.

    However, all treaties with geographical indications provisions recognise that animal breed and plant variety names should remain free for common use. Our prosecco producers make wine with the prosecco grape, and should be allowed to label it as such. Just like pinot noir is labelled as pinot noir, the grape variety, and not Burgundy, the region.

    If the EU does not provide better access to its agricultural markets, and demands naming provisions which hurt Australian dairies and consumers, and our boutique spirits industry, we would be better to walk away from the proposed treaty.

    Hazel Moir is affiliated with the Centre for European Studies in the Research School of Social Sciences at the Australian National University. From 2017-2019 she was lead researcher in a co-funded ANU and EU’s Erasmus+ Programme study which involved a meta-analysis of the available empirical evidence on the impact of GIs on farmers and regional development. The project funding was purely for research costs and involved no personal remuneration.

    John Power worked for the Department of Agriculture, Fisheries and Forestry from 2003 to 2019. He contributed to negotiations of the 2010 Australia-EU Trade in Wine Agreement and Australia’s FTAs. John led the amendments of the Wine Australia Act 2013 that introduced an objections process for wine GIs. In 2020 he joined the Department of Foreign Affairs and Trade as a GI specialist negotiator.

    – ref. Australia should stand up for our feta and prosecco in trade talks with the EU – https://theconversation.com/australia-should-stand-up-for-our-feta-and-prosecco-in-trade-talks-with-the-eu-258392

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Banking: Result of the Daily Variable Rate Repo (VRR) auction held on June 10, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 3,853
    Amount allotted (in ₹ crore) 3,853
    Cut off Rate (%) 5.51
    Weighted Average Rate (%) 5.51
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/518

    MIL OSI Global Banks –

  • MIL-OSI Australia: New Secretary to the Treasury

    Source: Australian Parliamentary Secretary to the Minister for Industry

    I welcome the Prime Minister’s announcement today that Jenny Wilkinson will serve as the next Secretary to the Treasury and I thank him for the way he has involved and included Katy Gallagher and me in his decision.

    I am really excited by this opportunity to work even more closely with Jenny, whose contribution as the Secretary of the Department of Finance has been instrumental to our first four budgets and so much of the broader work of our government.

    I’m so grateful to Steven Kennedy for our very close and effective partnership over the past three years, for his friendship over a much longer period, for his service to my predecessor as well, and for the chance to work with him now in his new role.

    It was such a valued opportunity to work with him at Treasury.

    Steven and Jenny are the best of the best. Outstanding public servants and even better people. I’m really happy for them both and they should be very proud.

    Australia was incredibly fortunate to have someone of Steven’s calibre leading the Treasury, and is just as fortunate having him now lead the Australian Public Service.

    I pay tribute again to outgoing Prime Minister and Cabinet Secretary Glyn Davis, another friend, and thank him for his friendship and service.

    Jenny will make history as the first woman to lead the Treasury. Under our government women now lead the Treasury, Reserve Bank and Productivity Commission all for the first time.

    Jenny is one of Australia’s most distinguished and experienced economists and public servants and has served with distinction under governments of both political persuasions.

    I am really pleased that someone with her skills and experience will guide and lead the department, as we continue to develop and implement our economic agenda.

    Jenny holds a Masters Degree in Public Affairs from Princeton University, a Bachelors Degree in Economics (with Honours) from the Australian National University, and was awarded a Public Service Medal in 2021.

    Thank you Steven and Jenny for agreeing to serve and to the Prime Minister for appointing them to these key roles at such an important time.

    MIL OSI News –

  • MIL-Evening Report: Australia’s government is pledging better protection for our vulnerable seas – but will it work?

    Source: The Conversation (Au and NZ) – By Carissa Klein, Associate Professor in Conservation Biology, The University of Queensland

    Nigel Marsh/Getty

    Ahead of this week’s crucial United Nations ocean conference, federal Environment Minister Murray Watt promised that by 2030, 30% of Australian waters would be “highly protected”.

    This is a telling pledge. After all, 52% of Australian waters are now protected following years of rapid expansion. But many are “paper parks” – lines on a map with very little real protection.

    Watt is proposing to expand the area under gold-standard protection, meaning fishing, mining and drilling would be banned inside the parks. This is welcome. But it must be done strategically, protecting ecologically representative and high biodiversity areas.

    If Watt is serious, he must ensure these upgraded marine parks cover poorly protected habitats important for biodiversity. These include shallow coastal zones, submarine canyons, seamounts and rocky reefs on the continental shelf. It’s not just about protecting 30% of the seas – marine parks must protect the full range of species and habitats in Australia.

    Bottom trawling and other fishing practices can do great damage to underwater ecosystems.
    mjstudio.lt/Shutterstock

    Impressive on paper

    Australia’s waters cover all five of the world’s climate zones, from the coral reefs of the tropics to the icy shores of Antarctica. At least 33,000 marine species are found in the nation’s marine boundaries – the most on Earth. Australia also has the most endemic marine species.

    For more than 30 years, successive federal and state governments in Australia have claimed global leadership roles in conserving ocean areas. Just last year, the Albanese government claimed the latest expansion meant Australia now protected “more ocean than any other country on earth”.

    When 196 countries committed to the goal of “30% by 2030” – the effective protection and management of at least 30% of the world’s coastal and marine areas by decade’s end – Australia was already well past that in terms of the size of areas considered marine protected areas.

    About 45% of marine waters were protected in 2022, up from 7% in 2002. Now that figure is 52%.

    Job done? Not even close. Even as Australia’s marine protected areas have rapidly expanded, marine species populations have shrunk while entire ecosystems hover on the brink.

    More than half of Australia’s marine parks allow commercial fishing and mining. The latest large protection around the sub-Antarctic Heard and McDonald Islands doesn’t give strong protection to species-rich areas such as seamounts and undersea canyons.

    Losses everywhere

    Tasmania’s giant kelp forests once ringed the island state. At least 95% have vanished since the 1990s, wiped out by warmer waters and voracious sea urchins.

    Before European settlement, oyster reefs carpeted shallow sea floors in temperate east coast waters. But 99% of these have gone.

    Half the Great Barrier Reef’s coral cover died between 1995 and 2017 – a period with only two mass bleaching events. Bleaching has become more regular and more severe since then.

    Many marine species are in serious trouble. The most comprehensive assessment to date found populations of 57% of species living on coral, rocky and kelp reefs had fallen between 2011 and 2021. In 2020, a Tasmanian endemic species, the smooth handfish, became the first marine fish officially listed as extinct on the IUCN Red List of Threatened Species.

    As the oceans get hotter, coral reefs are forecast to be wiped out. Poor marine water quality is drowning coastal species and ecosystems in sediments, nutrients, chemicals, and pathogens, including in The Great Barrier Reef.

    That’s not to say marine park expansion and other government efforts have been worthless. Far from it.

    Some whales have rebounded strongly due to the moratorium on commercial whaling. Good management of the southern bluefin tuna led to its removal from the threatened species list last year.

    Efforts to phase out gill net fishing are bearing fruit, while water quality has improved a little in the Great Barrier Reef.

    But these wins don’t offset an overall rapid decline.

    Action needed on climate and improving marine parks

    Giving Australia’s marine parks better protection won’t solve the problem of hotter, more acidic oceans due to climate change.

    Australia’s current emission target is consistent with a 2°C warming pathway. That level of warming would mean the loss of 99% of the world’s coral reefs.

    Australia is one of the world’s biggest producers of coal and liquefied natural gas and still has one of the world’s highest rates of land clearing, accounting for up to 12% of the country’s total emissions in some years.

    Protecting life in the seas means Australia must dramatically reduce emissions, end widespread land clearing and halt the approval of new coal and gas projects.

    Better protection inside marine parks will stop other major threats, such as seabed mining, gas and oil exploration and fishing.

    To date, Australia’s marine parks with high levels of protection are typically in remote areas with minimal human activity threatening biodiversity.

    From paper parks to real conservation leadership

    For decades, Australian leaders have touted their efforts to protect the seas. It’s now abundantly clear that paper protection isn’t enough.

    To arrest the steep decline in marine life, Australia must properly protect its marine areas by preventing fishing and mining in areas important for all marine species, while expanding its highly protected marine parks to save unprotected ecosystems.

    Minister Watt’s pledge is welcome. But it must actually prevent damaging human activities such as fishing and oil and gas extraction which are major contributors to the extinction crisis.

    Leaders must also focus on sustainable production and consumption of seafood and ramp up their ambition to tackle climate change and marine pollution.

    If Australia continues to expand paper parks without doing the hard work of genuine protection, it will set a dangerous precedent.

    Carissa Klein receives funding from the Australian Research Council

    James Watson has received funding from the Australian Research Council, National Environmental Science Program, South Australia’s Department of Environment and Water, Queensland’s Department of Environment, Science and Innovation as well as from Bush Heritage Australia, Queensland Conservation Council, Australian Conservation Foundation, The Wilderness Society and Birdlife Australia. He serves on the scientific committee of BirdLife Australia and has a long-term scientific relationship with Bush Heritage Australia and Wildlife Conservation Society. He serves on the Queensland government’s Land Restoration Fund’s Investment Panel as the Deputy Chair.

    Amelia Wenger 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. Australia’s government is pledging better protection for our vulnerable seas – but will it work? – https://theconversation.com/australias-government-is-pledging-better-protection-for-our-vulnerable-seas-but-will-it-work-258286

    MIL OSI Analysis – EveningReport.nz –

  • Market trade flat after early gains; US-China talks in focus

    Source: Government of India

    Source: Government of India (4)

    Equity benchmarks opened higher on Tuesday, extending their winning streak for a fifth consecutive session, but pared early gains to trade largely flat as investors awaited the outcome of key US-China talks.

    At 9:17 a.m., the BSE Sensex was up 28.49 points or 0.03% at 82,473.70, while the NSE Nifty rose 21.15 points or 0.08% to 25,124.35.

    Technology, metal, and media stocks led sectoral gains, while banking counters witnessed mild selling pressure amid profit booking. Broader markets outperformed, with both midcap and smallcap indices rising up to 0.5%, reflecting broader participation.

    Akshay Chinchalkar, Head of Research at Axis Securities, said Monday’s performance was a continuation of Friday’s breakout. “Whether the index is breaking out of a pennant or a rectangle pattern, the implication is bullish with a target of 25,800. The 25,200 level is crucial on the upside, and as long as the index holds above 24,800, the momentum remains with the bulls,” he said, adding that the outcome of US-China talks could be the next major trigger.

    Vikram Kasat, Head of Advisory at PL Capital, said while efforts to ease tensions between the US and China are welcome, a comprehensive deal could take longer to materialise. “Investors are also eyeing progress on agreements with other trading partners,” he added.

    Analysts noted that with valuations stretched after the recent rally, selective profit booking may be prudent to guard against potential volatility.

    Globally, Wall Street ended marginally higher on Monday, supported by gains in Amazon and Alphabet, as markets closely monitored developments in US-China negotiations. Asian shares also edged up on hopes of a positive outcome.

    On the institutional front, foreign institutional investors (FIIs) continued to support the market, buying equities worth ₹1,992 crore on Monday. Domestic institutional investors (DIIs) were net buyers for the 15th straight session, purchasing stocks worth ₹3,503 crore.

    — IANS

  • MIL-OSI: Virtu Financial Announces Strategic TradeOPS Collaboration, Welcoming First Joint Client

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM and NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT), a global leader in trading and execution services, and Limina, a leading provider of cloud-native Investment Management Solutions, are proud to announce a strategic collaboration around Virtu’s TradeOPS platform.

    Virtu’s TradeOPS is a streamlined, consolidated platform that covers clients’ matching, settlements and payment requirements. Designed and built specifically to automate post-trade workflows, including allocation matching and settlements, exception-based processing in TradeOPS is designed to significantly reduce settlement delays, financial penalties, and workload for buyside firms. Combined with Limina’s cloud-native Order and Portfolio Management System (O/PMS), this collaboration enables buyside firms to access a fully-integrated, front-to-back workflow—seamlessly and efficiently.

    The collaboration has welcomed its first joint client, Cliens, who is now benefiting from Virtu’s TradeOPS capabilities using DTCC-CTM via Limina’s platform.

    “We’re excited to work with Limina to deliver an integrated and modern workflow for our TradeOPS clients,” said Pegah Esmaeili, Head of Nordic Region at Virtu. “This integration supports our mission to deliver scalable, outsourced trading solutions by collaborating with innovative local firms like Limina—allowing us to efficiently extend our market-leading products to clients across the region.”

    Prem Balasubramanian, Head of Virtu’s TradeOPS platform highlighted that recent changes in post-trade settlement, such as the shift to T+1 and the migration from SWIFT MT to MX, have introduced new operational challenges for buyside firms. “By providing streamlined and effective solutions tailored to clients’ needs, we can significantly reduce the operational burden and allow firms to refocus on what truly matters: managing investments and driving performance.” Prem also added, “Working with Limina is a pleasure. The turnaround has been impressively fast, and we’re looking forward to continued collaboration ahead.”

    “This partnership was an obvious choice to further strengthen the integration capabilities of Limina’s Order Management System, not only to DTCC CTM but to all venues that tie into Virtu TradeOPS including SWIFT and more,” says Kristoffer Fürst, CEO of Limina. 

    “The integrated solution that Virtu and Limina offer Cliens helps us extend our straight-through process, giving time to more productive tasks which adds value to our customer,” says Martin Öqvist, CEO of Cliens.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    About Limina
    Limina’s modern Investment Management Platform helps investment managers increase productivity, decrease cost and manage operational risks through a unified platform spanning the entire investment lifecycle. Founded in 2014, and headquartered in Sweden, Limina serves a growing global client base of institutional asset managers, asset owners and hedge funds with our award-winning cloud-native SaaS offering.

    About Cliens
    Cliens is a Swedish active fund manager focusing on delivering long-term high returns. Our funds and discretionary mandates vary from equity to fixed income and investments are made in Swedish all caps as well as Nordic and Global small caps.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    media@virtu.com
    investor_relations@virtu.com

    The MIL Network –

  • Apple opens its AI to developers but keeps its broader ambitions modest

    Source: Government of India

    Source: Government of India (4)

    Apple AAPL.O announced on Monday a slew of artificial intelligence features including opening up Apple Intelligence’s underlying technology in a modest update of its software and services as it lays the groundwork for future advances.

    The presentations at its annual Worldwide Developers Conference focused more on incremental developments, including live translations for phone calls, that improve everyday life rather than the sweeping ambitions for AI that Apple’s rivals are marketing.

    A year after it failed to deliver promised AI-based upgrades to key products such as Siri, Apple kept its AI promises to consumers low-key, communicating that it could help with tasks like finding where to buy a jacket similar to one they have seen online.

    Behind the scenes, Apple hinted at a strategy of offering its own tools to developers alongside those from rivals, similar to a strategy by Microsoft last month. Apple software chief Craig Federighi said the company will offer both its own and OpenAI’s code completion tools in its key Apple developer software and that the company is opening up the foundational AI model that it uses for some of its own features to third-party developers.

    “We’re opening up access for any app to tap directly into the on-device, large language model at the core of Apple,” Federighi said.

    In an early demonstration of this at work, the company added image generation from OpenAI’s ChatGPT to its Image Playground app, saying that user data would not be shared with OpenAI without a user’s permission.

    “You could see Apple’s priority is what they’re doing on the back-end, instead of what they’re doing at the front-end, which most people don’t really care about yet,” said Ben Bajarin, chief executive of analyst firm Creative Strategies.

    Apple is facing an unprecedented set of technical and regulatory challenges as it kicked off its software developer conference.

    Shares of Apple, which were flat before the start of the event, closed 1.2% lower on Monday.

    “In a moment in which the market questions Apple’s ability to take any sort of lead in the AI space, the announced features felt incremental at best,” Thomas Monteiro, senior analyst at Investing.com, said. Compared with what other big AI companies are introducing, he added, “It just seems that the clock is ticking faster every day for Apple.”

    That is a contrast to the ambitious vision laid out by Apple last year.

    “They went from being visionary and talking about agents before a lot of other people did, to now realizing that, at the end of the day, what they need to do is deliver on what they presented a year ago,” said Bob O’Donnell, chief analyst at Technalysis Research.

    Apple executives said that developers will have access only to Apple’s on-device version of Apple Intelligence, which does not tap into special data centers Apple built for its AI efforts. The on-device model is about 3 billion parameters, a measurement of the model’s level of sophistication, meaning that it cannot handle the more complex tasks that cloud-based models can.

    As Apple executives discussed new features at the event in Cupertino, California, OpenAI announced a new financial milestone on Monday, reaching $10 billion in annualized revenue run rate as of June.

    OS UPDATES

    Federighi also said Apple plans a design overhaul of all of its operating systems.

    Apple’s redesign of its operating systems centered on a design it calls “liquid glass” where icons and menus are partially transparent, a step Apple executives said was possible because of the more powerful custom chips in Apple devices versus a decade ago.

    Federighi said the new design will span operating systems for iPhones, Macs and other Apple products. He also said Apple’s operating systems will be given year names instead of sequential numbers for each version. That will unify naming conventions that have become confusing because Apple’s core operating systems for phones, watches and other devices kicked off at different times, resulting in a smattering of differently numbered operating systems for different products.

    Some analysts told Reuters that Apple’s decision to introduce familiar Mac capabilities, such as a multitasking interface and menu bar, to iPad could portend a shift in priorities around which devices it markets to consumers.

    In other new features, Apple introduced “Call Screening” where iPhones will automatically answer calls from an unknown number and ask the caller the purpose of their call. Once the caller states their purpose, the iPhone will show a transcription of the reason for the call, and ring for the owner.

    Apple also said it will add live translation to phone calls, as well as allow developers to integrate its live translation technology into their apps. Apple said the caller on the other end of the phone call will not need to have an iPhone for the live translation feature to work.

    Apple’s Visual Intelligence app – which can help users find a pair of shoes similar to ones at which they have pointed an iPhone camera – will be extended to analyzing items on the iPhone’s screen and linked together with apps. Apple gave an example of seeing a jacket online and using the feature to find a similar one for sale on an app already installed in the user’s iPhone.

    (Reuters)

  • India building alternative rare earth supply chain amid curbs China curbs: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    Commerce and Industry Minister Piyush Goyal on Monday described China’s rare earth export restrictions as a global “wake-up call,” underscoring India’s efforts to build alternative supply chains and position itself as a reliable partner for international businesses seeking to reduce dependence on Chinese suppliers.

    Speaking to reporters during his official visit to Switzerland—where he met with Swiss government officials and business leaders—Goyal acknowledged that China’s export curbs would pose short-term challenges for India’s automotive and white goods sectors.

    However, he expressed confidence that collaborative efforts among the government, industry, and innovators would turn these challenges into long-term opportunities.

    The minister outlined a multi-pronged strategy to address the crisis. This includes diplomatic engagement through ongoing dialogue between the Indian embassy and Chinese authorities, as well as the commerce ministry’s push to identify alternative sources. The government is also strengthening Indian Rare Earths Limited by providing resources to accelerate domestic production.

    “This situation serves as a wake-up call for all those who have become over-reliant on certain geographies,” Goyal said. “It’s a wake-up call for the whole world—you need trusted partners in your supply chain.”

    India’s automotive industry has requested the government’s assistance in expediting the approval process for importing rare earth magnets from China—critical components used in passenger vehicles and various automotive applications.

    China currently controls over 90% of global magnet production capacity, creating substantial vulnerabilities across industries. These materials are essential to sectors ranging from automobiles and home appliances to clean energy systems.

    The new Chinese regulations, effective April 4, require special export licenses for seven rare earth elements and related magnetic products.

    “There are clearly issues around the suspension of permanent magnet supplies from China to India, which will particularly affect our auto sector and several white goods manufacturers,” Goyal explained. “Some companies have submitted their applications, and we hope pragmatic considerations will prevail, allowing them to receive the necessary approvals.”

    Asked about possible government support through production-linked incentive (PLI) schemes, Goyal shared that discussions with automotive manufacturers have been encouraging.

    The companies have expressed strong confidence in addressing supply chain challenges through partnerships with domestic innovators and startups.

    “They are actively engaging with our innovators and startups, indicating their willingness to provide funding or pricing adjustments to accelerate growth in this sector,” the minister said.

    Goyal also praised the evolving mindset of Indian industry, noting a shift away from reliance on government subsidies.

    “More and more Indian businesses are moving beyond the old belief that subsidies alone will sustain operations. They are becoming bigger and bolder in their approach,” he said.

    The minister highlighted emerging technologies being developed in India as potential alternatives to Chinese rare earth supplies.

    “There are some technologies that India is developing,” he noted, stressing the importance of the collaborative approach among government, industry, startups, and innovators. “We are all working as a team and remain confident that, while short-term challenges exist, we will emerge as winners in the medium to long term.”

    Goyal concluded by framing the current disruption as a strategic opportunity for India’s manufacturing ecosystem. He believes it will accelerate the push for self-reliance and the formation of trustworthy global supply chain partnerships.

    “There is opportunity even in this crisis,” he said. “More and more companies and people in India will realise the importance of being self-reliant and having trusted partners in supply chains. The world increasingly wants India to be a part of their supply chains, because we are seen as a trusted partner.”

    (ANI)

  • MIL-OSI Video: What’s in a Soldier’s Ruck? Then vs. Now

    Source: US Army (video statements)

    About the U.S. Army: The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force. Interested in joining the U.S. Army? Visit:
    spr.ly/6001igl5L
    Connect with the U.S. Army online: Web:
    https://www.army.mil
    Facebook:
    https://www.facebook.com/USarmy/
    X:

    Instagram:
    https://www.instagram.com/usarmy/
    LinkedIn:
    https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts #Army

    https://www.youtube.com/watch?v=SpLXUEiYjq0

    MIL OSI Video –

  • MIL-Evening Report: There are clear laws on enforcing blockades – Israel’s interception of the Madleen raises serious questions

    Source: The Conversation (Au and NZ) – By Shannon Bosch, Associate Professor (Law), Edith Cowan University

    On June 9, the Madleen, a UK-flagged civilian ship carrying humanitarian aid to Gaza, was stopped by Israeli forces in international waters, about 200 kilometres off the coast.

    The Freedom Flotilla Coalition had organised the voyage, setting sail from Sicily on June 1. The vessel’s 12 passengers included climate activist Greta Thunberg, European Parliament member Rima Hassan, two French journalists and several other activists from around the world.

    The Israeli military boarded the ship and diverted it to the Israeli port of Ashdod. The aid it carried — baby formula, food, medical supplies, water desalination kits — was confiscated. All passengers were detained and now face deportation.

    This interception has sparked international condemnation. Importantly, it also raises questions about whether Israel’s actions comply with international law.

    Legal conditions for naval blockades

    Naval blockades are not automatically illegal. Under the San Remo Manual on International Law Applicable to Armed Conflicts at Sea (1994), a blockade may be used in wartime, but only if five legal conditions are met:

    • it must be formally declared and publicly notified
    • it must be effectively enforced in practice
    • it must be applied impartially to all ships
    • it must not block access to neutral ports or coastlines
    • it must not stop the delivery of humanitarian aid to civilians.

    If even one of these conditions is not met, the blockade may be considered illegal under customary international humanitarian law.

    The fifth condition is especially important here. According to a comprehensive study of international humanitarian law conducted by the International Committee of the Red Cross, the parties to a conflict must allow the rapid and unimpeded delivery of humanitarian relief to civilians in need.

    A blockade that prevents this could be in breach of international law.

    Israel and Egypt have imposed a blockade of varying degrees on Gaza since 2007 when Hamas came to power. Israeli Defence Minister Israel Katz claims the purpose of the blockade is to “prevent the transfer of weapons to Hamas”. Critics say it amounts to collective punishment.

    The Madleen was operating in compliance with three binding International Court of Justice orders (from January 2024, March 2024 and May 2024) requiring unimpeded humanitarian access to Gaza.

    Freedom of navigation

    International law also strongly protects the freedom of navigation, particularly in international waters beyond any state’s territorial limits.

    There are only a few exceptions when a country can lawfully stop a foreign ship in international waters – if it is involved in piracy, slave trading, unauthorised broadcasting, or the vessel itself is stateless. A country can also stop a ship if it is enforcing a lawful blockade or acting in self-defence under Article 51 of the UN Charter.

    So, if Israel’s actions do not fully meet the international legal requirements for enforcing a blockade during wartime, it would not have the right to intercept the Madleen in international waters.

    Protections for humanitarian workers

    More broadly speaking, international humanitarian law, including the Fourth Geneva Convention, protects civilians during conflict. This protection extends to people delivering humanitarian aid, so long as they do not directly take part in hostilities.

    To be considered directly participating in hostilities, a person must:

    • intend to cause military harm
    • have a direct causal link to that harm, and
    • be acting in connection with one side of the conflict.

    Bringing aid to civilians, even if politically controversial, does not meet this legal threshold. As a result, the Madleen’s passengers remain protected civilians and should not be treated as combatants or detained arbitrarily.

    International law also sets out how civilians detained in conflict situations must be treated. Under the Fourth Geneva Convention, detainees must be given access to medical care, lawyers and consular representatives. They must also not be punished without fair legal processes.

    Reports that Madleen passengers have been detained and are facing deportation raise concerns about whether these standards are being upheld.

    In response to the ship’s interception, the Hind Rajab Foundation, a nonprofit advocacy group, has filed a complaint with the UK Metropolitan Police War Crimes Unit. The complaint alleges a number of breaches of international humanitarian law, including forcible detention, obstruction of humanitarian relief, and degrading treatment.

    Previous flotilla intercepted

    This is not the first time Israel has stopped an aid ship and faced accusations of violating the law of the sea and humanitarian law.

    In 2010, the Israeli military raided a flotilla of six ships organised by international activists aiming to deliver humanitarian aid to Gaza and challenge the blockade.

    Violence broke out on the largest vessel, the Mavi Marmara, resulting in the deaths of nine Turkish nationals and injuries to dozens of others. The incident drew international condemnation. Israel agreed to ease its blockade after the incident.

    A fact-finding mission established by the UN Human Rights Council found that Israel violated a number of international laws and that its blockade was “inflicting disproportionate damage upon the civilian population”.

    This is not just a political or moral issue – it’s a legal one. International law lays out clear rules for when and how a country can enforce blockades, intercept vessels and treat civilians.

    Based on these rules, serious legal questions remain about Israel’s handling of the Madleen and its passengers.

    Shannon Bosch 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. There are clear laws on enforcing blockades – Israel’s interception of the Madleen raises serious questions – https://theconversation.com/there-are-clear-laws-on-enforcing-blockades-israels-interception-of-the-madleen-raises-serious-questions-258562

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: China extends visa-free access to 4 Gulf countries

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

    Tourists from Australia pose for photos at the Tiantan (Temple of Heaven) Park in Beijing, capital of China, May 1, 2025. [Photo/Xinhua]

    China this week launched a trial policy that grants unilateral visa-free entry to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain, expanding its unilateral visa-free access list to 47 countries.

    Under the policy, which will remain in effect through June 8, 2026, holders of ordinary passports from these four countries can enter China without a visa for up to 30 days for purposes such as business, tourism, family visits, cultural exchange, and transit.

    Both the United Arab Emirates (UAE) and Qatar have established reciprocal visa-free arrangements with China since 2018, which means all six member states of the Gulf Cooperation Council (GCC) now enjoy visa-free access to China.

    The expansion has been warmly welcomed across the Gulf region and is expected to boost bilateral exchanges, strengthen cultural and people-to-people ties, and inject new momentum into broader China-GCC cooperation.

    In a statement posted on platform X following China’s announcement in late May, the Saudi Ministry of Foreign Affairs said the move would “contribute to encouraging mutual visits and deepening the bonds of friendship between the two friendly peoples.”

    Emirati travel influencer Abdulla Alblooshi praised the policy in a video on social media, calling it a major benefit for Gulf travelers. “Now, all you need is your passport to travel to China,” he said.

    Naif Awlia, director of tourism and engagement at Saudi tourism developer Diriyah Company, also hailed the policy as a positive step forward. “Friendly ties are the foundation of long-term cooperation, and we look forward to deepening our partnership with China,” he said.

    Kanoo Travel, one of the largest travel companies in the Gulf region and an early mover in promoting outbound tourism to China, has launched new travel packages since the announcement, targeting residents of the UAE, Bahrain, and Saudi Arabia.

    Harvey Lines, Acting CEO of Kanoo Travel, called the new policy “a gateway to expanded China-Arab cooperation,” adding that the company is committed to facilitating closer people-to-people exchanges between China and the Gulf region — and the broader Arab world.

    China and Gulf countries already enjoy strong air travel connectivity, and the new visa-free policy is anticipated to further boost travel volume.

    Currently, about 20 direct flights operate weekly between major Chinese cities — including Beijing, Shanghai, Guangzhou, and Shenzhen — and Saudi destinations such as Riyadh and Jeddah. The UAE is connected to 13 cities across the Chinese mainland with direct flights.

    Looking ahead, Chinese carrier Hainan Airlines plans to launch a direct Haikou-Jeddah route on June 28, while UAE carrier Emirates will begin daily nonstop service between Dubai and Shenzhen on July 1.

    Observers say the new policy reflects the growing political, economic, and cultural ties between China and the Gulf region. In 2024, trade between China and GCC countries reached 288.09 billion U.S. dollars, making the GCC China’s sixth-largest trading partner.

    Wen Shaobiao, a Middle East researcher at Shanghai International Studies University, noted that the visa-free policy will significantly reduce travel time costs and facilitate large-scale, two-way mobility.

    “It will encourage people-to-people exchanges and academic collaboration while helping to advance trade, investment, and joint projects, aligning with business sector expectations,” Wen said.

    The latest step underscores China’s continued push to open its doors wider to global visitors, in line with its commitment to high-level opening-up.

    Since late 2023, China has introduced a series of traveler-friendly policies. Starting June 1, holders of ordinary passports from Brazil, Argentina, Chile, Peru, and Uruguay are eligible for unilateral visa-free entry — the first time such access has been extended to Latin American and Caribbean nations.

    Additionally, the visa-free transit period has been extended to 240 hours for travelers from 54 countries.

    These initiatives have already had a noticeable impact. In 2024, China recorded 3.39 million entries under its unilateral visa-free policy, a year-on-year surge of 1,200 percent. During the recent three-day Dragon Boat Festival holiday, 231,000 foreigners entered China without a visa, up 59.4 percent from a year earlier.

    Dai Bin, president of the China Tourism Academy, said foreign travelers come not only to visit China’s landscapes and cities but also to experience everyday life. “These visits offer opportunities to discover the real China,” he said.

    MIL OSI China News –

  • MIL-OSI China: Youth leaders gather for World Youth Energy Partner Dialogue

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

    International youth leaders and experts gathered for the World Youth Energy Partner Dialogue on June 8 as part of the World Youth Energy Tour (WYET) 2025, exchanging views on critical topics like energy transition and international cooperation in renewable energy. 

    The event, co-hosted by China International Communications Group (CICG) and CHN Energy Investment Corporation (CHN Energy), brought together 14 youth leaders from eight countries to discuss cross-cultural perspectives and innovative solutions for building a multilateral, collaborative and tech-driven paradigm for sustainable energy development.

    Participants in the World Youth Energy Tour (WYET) 2025 pose for a group picture, June 8, 2025. [Photo provided to China.org.cn]

    “Youth are the architects, not just beneficiaries, of the energy transition,” said Kevin Tu, managing director of Agora Energy China and leading spokesperson of the event. “China’s experience proves young innovators drive breakthroughs, from AI-powered grids to offshore wind megaprojects.”

    The attending youth leaders also shared their insights on the event and energy issues through engaging picture stories, highlighting their unique experiences and innovative ideas.

    Participants in the World Youth Energy Tour (WYET) 2025 watch a presentation, June 8, 2025. [Photo provided to China.org.cn]

    “Crisis cannot be overcome alone. Crisis needs teamwork,” noted Jose Renato Peneluppi, a Brazilian lawyer specializing in development policies and energy transition. He spoke highly of China’s energy progress in recent years and expressed hope for future energy collaboration between China and Brazil.

    Kaldybayev Dastan, a PhD student from Kazakhstan at Tsinghua University, praised China’s efforts in green infrastructure and its wind and solar power capacity. “The future of energy is green, smart and global. Together through collaboration and innovation, we can build the future,” he added.

    “I’m so grateful that China has supported us like our older brother. I’m so amazed and happy to see China is working very hard, leading globally in green initiatives,” said Umer Farooq Sansi, CEO of the Hunan Sansi Group and a contributor to China-Pakistan relations.

    MIL OSI China News –

  • MIL-OSI New Zealand: Rural News – Restrictions on carbon forestry long overdue – Federated Farmers

    Source: Federated Farmers

    Federated Farmers’ ‘Save our Sheep’ campaign has taken a major step forward this morning with the Government introducing legislation to stop carbon forestry on productive farmland.
    “This legislation is a really positive step forward – but from a farmer’s perspective, it’s long overdue,” says Federated Farmers meat & wool chair Toby Williams.
    “The Prime Minister and Minister for Agriculture stood up on a stage in Gore at a Federated Farmers event on December 4 last year and announced these changes would be coming.
    “Since that announcement was made, farmers have been incredibly frustrated as we’ve watched tens of thousands of hectares of productive land continue to be planted in pines.
    “The Government have been very clear on their intention but a lack of action has caused huge uncertainty and heartache for farmers and rural communities.”
    The ‘Save our Sheep’ platform has been getting plenty of traction in recent weeks with a viral social media campaign and a strategically placed billboard directly opposite the Beehive.
    “The Emissions Trading Scheme (ETS) has been screwing the scrum in favour of forestry over farming by subsidising pine trees to offset fossil fuel emissions,” Williams says.
    “These new restrictions will put the squeeze on wholesale pine planting driven by carbon returns but won’t hinder genuine production forestry or smaller farm woodlots.
    “Federated Farmers aren’t anti-forestry. Exotic trees have a place and a role to play when it comes to sensible land use and income diversification – but carbon forestry is out of control.”
    Williams says farmers will be raising serious questions about 15,000 hectares of LUC 6 farmland being allocated by a ballot process each year.
    “That is a huge amount of land still going into pine trees and that’s what farmers will currently be using as breeding country – we can’t afford to lose 150,000 hectares in the next decade.
    “You can’t plant that land in pine trees while maintaining a sustainable sheep industry. We would lose more than 750,000 breeding ewes if that were to happen.”
    Federated Farmers were more positive about the clause ensuring 25 per cent of LUC 1-6 land will be registered against the property’s title to restrict further planting as a result of subdivision.”
    Williams says Federated Farmers still has serious concerns about exploitation of loopholes and the impact of badly broken ETS rules on rural communities.
    “The statement from the Government today says the time-limited transitional exemptions under ‘intention to plant’ rules are for ‘rare cases’ only.
    “I’m not convinced these criteria are anywhere near tight enough, particularly when it comes to things like the purchase of seedlings when the forester didn’t already own the land to plant.
    “If you didn’t own the land with a clear intention to plant it for carbon forestry before the announcement on December 4 last year, you should told ‘sorry, but you’re out of luck’.”
    As the legislation is currently written, simply having purchased seedlings is enough to show intent even if they didn’t own land to plant them on.
    Federated Farmers says that is simply nonsense and needs to be changed.
    Alongside restriction on whole farm conversions to pine trees for carbon farming, Federated Farmers are also calling for sweeping reforms of the forestry sector.
    “Pine forests are breeding grounds for pests like pigs and deer that are causing huge issues for farmers and costing us a fortune,” Williams says.
    “To put it bluntly, foresters simply aren’t doing enough pest management to get the issue under control – and it’s time for the Government to step in.”
    Federated Farmers says urgent changes need to be made to the Overseas Investment Act.
    “Applications to purchase farmland to convert to forestry should be assessed under the farmland test rather than the general benefit to New Zealand test,” Williams says.
    “This would mean that applications from oversees investors to purchase land for forestry would be on an even playing field with other land purchases.
    “Some of the applications we’re seeing approved at the moment are absolutely appalling and will have little or no benefit for New Zealand or our rural communities.”
    Williams also wants to see changes to the ETS to end the ability of carbon dioxide emitters to offset 100 percent of their emissions with emissions units from carbon farming.
    New Zealand is the only country in the world that allows 100% carbon offsetting through forestry, with other countries recognising the risk and putting restrictions in place.
    Federated Farmers is now calling on the Government to urgently review the ETS and fix the rules to either limit or stop the offsetting of fossil fuel emissions with forestry.
    You can sign the petition pushing for change at www.saveoursheep.nz

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Increase in COVID, flu and RSV in Victoria

    Source: FairTrading New South Wales

    Key messages

    • There is an increased risk of respiratory illnesses heading into the winter months.
    • Immunisations are available for many respiratory illnesses such as influenza (flu), COVID-19 and respiratory syncytial virus (RSV). It is never too late to get vaccinated.
    • Early antiviral treatments for influenza and COVID-19 can help to reduce severe disease for high-risk individuals.
    • Simple hygiene and preventive measures like covering coughs and sneezes, regular hand washing and staying home when unwell can help reduce the spread of respiratory illnesses.

    What is the issue?

    There is an increased risk of respiratory illnesses heading into the winter months. In Victoria, the increase in COVID-19 cases between April and May this year was 2.5 times higher than the same time last year, and hospitalisations have been increasing. Flu and RSV cases are also increasing.

    Young children and older adults are particularly vulnerable to respiratory illnesses and may experience more severe illness requiring hospitalisation.

    Who is at risk?

    People most at risk of severe illness with respiratory conditions include Aboriginal and Torres Strait Islander people, children under the age of 5 years old, elderly people, pregnant women, those who are immunocompromised, and those with certain medical conditions including diabetes, cardiac disease and chronic respiratory conditions.

    While some people may be at a higher risk of severe illness, it is possible for anyone to be infected and become unwell.

    Symptoms and transmission

    Symptoms of respiratory illnesses such as flu, COVID-19 and RSV can be quite similar and include fever, coughing, sneezing, sore throat, runny nose, body aches and fatigue.

    These illnesses are very infectious and spread via droplets produced through coughing and sneezing, or by coming in close contact with infected people.

    Recommendations

    For the public

    There are some simple steps you can do to help protect yourself and others from severe illness.

    Immunisations are available for many respiratory illnesses including flu, COVID-19 and RSV. These can be accessed through GPs, pharmacies, local councils and Aboriginal Controlled Community Health Organisations.

    Some Victorians may be eligible for free immunisations. For further information, talk to your doctor or visit:

    Other things you can do to keep yourself and others healthy include:

    • Wash or sanitise your hands thoroughly and regularly, particularly before and after touching your face
    • Cough or sneeze into your elbow
    • Stay home if you are unwell
    • Wear a face mask if you have symptoms or visiting sensitive settings, such as aged care facilities
    • Talk with your doctor now if you are at higher risk for complications from COVID-19 or the flu. Discuss what to do if you get sick, including testing options and whether you are eligible for antiviral treatment
    • If you experience serious symptoms, seek medical attention.

    For clinicians

    • Offer annual influenza vaccination to everyone aged 6 months and older.
    • Ensure those most at risk of severe illness are up to date with their flu and COVID-19 vaccinations.
    • Offer Abrysvo® RSV vaccine to eligible pregnant women (28 to 36 weeks pregnancy) and nirsevimab (Beyfortus™) RSV monoclonal antibody to eligible infantsExternal Link. RSV vaccines are not approved for use in infants and children.
    • Discuss RSV vaccinationExternal Link options with older adults.
    • Encourage catch up vaccination for patients who are not up to date with routine immunisations.
    • Discuss early use of anti-viral treatment for flu and COVID-19 for high-risk individuals.

    MIL OSI News –

  • MIL-OSI Banking: Money Market Operations as on June 09, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 5,80,215.04 5.22 0.01-6.55
         I. Call Money 14,727.29 5.30 4.75-5.40
         II. Triparty Repo 3,74,905.75 5.20 5.05-5.28
         III. Market Repo 1,86,432.00 5.25 0.01-6.25
         IV. Repo in Corporate Bond 4,150.00 5.48 5.39-6.55
    B. Term Segment      
         I. Notice Money** 79.40 5.27 5.05-5.30
         II. Term Money@@ 1,042.00 – 5.50-5.80
         III. Triparty Repo 1,925.00 5.26 5.20-5.30
         IV. Market Repo 1,395.17 5.27 1.00-5.44
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Mon, 09/06/2025 1 Tue, 10/06/2025 3,711.00 5.51
         (b) Reverse Repo          
    3. MSF# Mon, 09/06/2025 1 Tue, 10/06/2025 2,123.00 5.75
    4. SDFΔ# Mon, 09/06/2025 1 Tue, 10/06/2025 2,58,855.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,53,021.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,321.86  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     8,321.86  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,44,699.14  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 09, 2025 9,32,180.72  
         (ii) Average daily cash reserve requirement for the fortnight ending June 13, 2025 9,41,551.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 09, 2025 3,711.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 16, 2025 3,48,763.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/517

    MIL OSI Global Banks –

  • Global stocks rise, dollar tentative ahead of US-China talks outcome

    Source: Government of India

    Source: Government of India (4)

    Stocks were buoyant and the dollar remained on guard on Tuesday as trade talks between the United States and China were set to extend to a second day, with tentative signs tensions between the world’s two largest economies could be easing.
     
    U.S. President Donald Trump put a positive spin on the talks at Lancaster House in London, which wrapped up for the night on Monday and were set to resume at 0900 GMT on Tuesday.
     
    “The fact that we’re still up here near record highs, does suggest that we are seeing the market accept what has been said by Trump and when you look at some of the other comments from Lutnick and Bessent, to me it seems to suggest that they are relatively happy with the progress,” said Tony Sycamore, a market analyst at IG.
     
    “But the market always likes to see some concrete announcements.”
     
    As Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer were set to meet for the second day with their Chinese counterparts, much of investors’ focus has been on the progress of the talks.
     
    Any progress in the negotiations is likely to provide relief to markets given Trump’s chaotic tariffs and swings in Sino-U.S. trade ties have undermined the world’s two biggest economies and hobbled global growth.
     
    Stocks advanced in Asia, extending their rise from the start of the week.
     
    MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.5%, while Nasdaq futures gained 0.62%. S&P 500 futures edged 0.43% higher.
     
    EUROSTOXX 50 futures and FTSE futures both added roughly 0.1% each.
     
    In Tokyo, attention was also on the Japanese government bond (JGB) market, following news that Japan is considering buying back some super-long government bonds issued in the past at low interest rates.
     
    The yield on the 10-year JGB fell one basis point to 1.46% in early trade, while the 30-year yield slid 5 bps to 2.86%.
     
    Yields on super-long JGBs rose to record levels last month due to dwindling demand from traditional buyers such as life insurers, and jitters over steadily rising debt levels globally.
     
    “The volatility at the super-long segment of the curve stems from a supply-demand imbalance that has been brewing since the BOJ embarked on balance sheet normalisation,” said Justin Heng, APAC rates strategist at HSBC Global Investment Research.
     
    Japanese Finance Minister Katsunobu Kato said on Tuesday the government will conduct appropriate debt management policies while communicating closely with market participants.
     
    In currencies, the dollar attempted to regain its footing after falling on Monday.
     
    Against the yen, the dollar was up 0.45% to 145.25. The euro fell 0.28% to $1.1387 while sterling slipped 0.2% to $1.3523.
     
    Trump’s erratic trade policies and worries over Washington’s growing debt pile have dented investor confidence in U.S. assets, in turn undermining the dollar, which has already fallen more than 8% for the year.
     
    The next test for the greenback will be on Wednesday, when U.S. inflation data comes due. Expectations are for core consumer prices to have picked up slightly in May, which could push back against bets of imminent Federal Reserve rate cuts.
     
    The producer price index (PPI) report will be released a day later.
     
    “May’s U.S. CPI and PPI data will be scrutinised for signs of lingering inflationary pressures,” said Convera’s FX and macro strategist Kevin Ford.
     
    “If core CPI remains elevated, expectations for rate cuts could be pushed beyond the June 18 FOMC meeting.”
     
    Traders see the Fed keeping rates on hold at its policy meeting next week, but have priced in roughly 44 bps worth of easing by December.
     
    In the oil market, prices edged up, with Brent crude futures gaining 0.24% to $67.20 a barrel. 
     
    U.S. West Texas Intermediate crude was last up 0.25% at $65.45 per barrel after hitting a more than two-month high earlier in the session.
     
    Spot gold fell 0.5% to $3,310.40 an ounce.
     
    (Reuters)

  • MIL-Evening Report: What is the World Test Championship and how did Australia qualify for the final?

    Source: The Conversation (Au and NZ) – By Vaughan Cruickshank, Senior Lecturer in Health and Physical Education, University of Tasmania

    HENRY NICHOLLS/AFP via Getty Images

    Cricket’s third World Test Championship final will begin on Wednesday night in London. Reigning champions Australia will compete with South Africa to be crowned the world’s best men’s Test cricket team.

    This new tournament has faced controversy because of the points system used to determine the two finalists, with South Africa also criticised in recent years for allowing many key players to compete in T20 tournaments instead of Test matches.

    Despite this, South Africa has earned its right to take on the Australians at Lord’s Cricket Ground.

    What is the World Test Championship?

    The World Test Championship is a tournament played between nine full members of the International Cricket Council (ICC): Australia, Bangladesh, England, India, New Zealand, Pakistan, South Africa, Sri Lanka and the West Indies.

    The previous winners were New Zealand (2021) and Australia (2023).

    The ICC introduced this tournament as a way to increase the relevance and importance of Test cricket in a world dominated by popular Twenty 20 tournaments such as the Big Bash and Indian Premier League.

    Each country plays three series of between two and five Test matches at home, and three away.

    The tournament takes two years to complete because each Test match can take five days and there are no dedicated times for Test match cricket throughout the year. This is because many cricketers also play in T20 and one-day tournaments.

    Teams are awarded points for wins (12 points), ties (six) and draws (four) – there are zero points for a loss. Teams lose points if they bowl their overs too slowly.

    While this point system is simple enough, ranking teams in the results table is more confusing, because some teams play more Tests than others.

    Bigger, wealthier countries such as England, India and Australia commonly play four or five Tests in a series, whereas less affluent countries often play series with only two or three Tests.

    Because of this difference, the results table is based on the percentage of points teams have won (how many points they won divided by how many points they could have won).

    For example, if a team played ten tests, the maximum points they could earn would be 120 (10 x 12 points for each win). If they earned 60 points, then they would be ranked on the results table as winning 50% (60 divided by 120).

    How did Australia and South Africa reach the final?

    South Africa finished on top of the table by winning series against the West Indies, Bangladesh, Sri Lanka and Pakistan. They also drew with India and lost to New Zealand.

    Australia beat Pakistan and India at home and New Zealand and Sri Lanka away. They also drew series with England (away) and the West Indies (home).

    The final will be played at the “home of cricket”: Lord’s in London.

    Neutral territory

    Test matches are rarely played at neutral venues but the World Test Championship final is played in England for a variety of reasons.

    The current two-year World Test Championship cycle ends in June, which is early summer in England and winter or monsoon season in most other major cricket nations.

    England also offers good infrastructure, strong crowds, a time zone that aligns favourably with prime time viewing hours in India, and pitches that offer a fair contest between bat and ball, allowing for exciting and competitive cricket.

    Despite these reasons, the repeated scheduling of finals in England has been criticised, predominantly by India.

    Criticisms of the championship

    South Africa’s qualification for the final has been criticised because they have played the least number of Tests and avoided playing some stronger teams.

    While these criticisms are not unfounded, they are also not South Africa’s fault: the ICC is responsible for ensuring scheduling is fair.

    Richer countries such as Australia, England and India face a dilemma in that five-Test series between them are generally high quality, exciting and profitable but are also difficult to win.

    Smaller nations playing two-Test series receive less interest and money but also easier opponents and less fixture fatigue. This situation can make it easier for smaller, less affluent teams to have a higher winning percentage.

    Other criticisms have focused on the points deductions for slow overs and the exclusion of Test playing nations Afghanistan, Ireland and Zimbabwe. When the World Test Championship was launched in 2019, only the nine full members were included. No specific reasons were given for the exclusion of Zimbabwe, Afghanistan and Ireland.

    Including these countries and having two six-team divisions – with teams being relegated and promoted each year – has been suggested as way to make the Test championship more fair and more competitive.

    However, this idea has also been criticised as focusing on profits instead of protecting and nurturing the game around the world.

    These deductions and divisions, and other potential changes, were considered at a recent ICC meeting but no changes were made.

    Final preparations

    Australian players have prepared for the final in a variety of ways, such as playing in the IPL, county cricket in the United Kingdom and practice sessions at home.

    They are favourites for the final and have a strong squad to choose from.

    South Africa also has a strong team with several key players returning from injuries and a drugs ban.

    A win for Australia would solidify its standing as the premier Test cricket team in the world. For South Africa, a victory would showcase a remarkable turnaround after being criticised for picking a weak squad for a tour of New Zealand, with most of its better players instead competing in T20 tournaments.

    There is also record prize money at stake.

    If the match is a draw, tie or washed out, Australia and South Africa will share the trophy. But there is a reserve day available in case of wet weather.

    Vaughan Cruickshank 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. What is the World Test Championship and how did Australia qualify for the final? – https://theconversation.com/what-is-the-world-test-championship-and-how-did-australia-qualify-for-the-final-256999

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: US stocks close mixed as investors monitor trade talks

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

    U.S. stocks ended mixed on Monday, as investors looked ahead to a key round of China-U.S. trade negotiations.

    The Dow Jones Industrial Average edged down 1.11 points to 42,761.76. The S&P 500 added 5.52 points, or 0.09 percent, to 6,005.88. The Nasdaq Composite Index increased by 61.28 points, or 0.31 percent, to 19,591.24.

    Six of the 11 primary S&P 500 sectors ended in red, with utilities and financials leading the laggards by losing 0.66 percent and 0.55 percent, respectively. Meanwhile, consumer discretionary and materials led the gainers by going up 1.08 percent and 0.62 percent, respectively.

    The first meeting of the China-U.S. economic and trade consultation mechanism opened in London on Monday. Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, attended the meeting with U.S. representatives.

    In an interview with American outlet CNBC, Kevin Hassett, director of the National Economic Council at the White House, on Monday said that the U.S. expectation was that “immediately after the handshake, any export controls from the U.S. will be eased, and the rare earths will be released in volume, and then we can go back to negotiating smaller matters.”

    Meanwhile, investors are also keeping a wary eye on escalating tensions in Los Angeles after U.S. President Donald Trump sent in the National Guard to deal with anti-deportation protests.

    Shares of major technology companies, which have been central to the market’s momentum, were mostly higher. Amazon and Alphabet both advanced nearly 1.5 percent, while Tesla rose 4.55 percent, continuing its volatile stretch following last week’s public clash between its CEO Elon Musk and Trump. Microsoft and Nvidia posted modest gains. In contrast, Apple shares slipped 1.2 percent as the company’s Worldwide Developers Conference opened with a keynote from Apple’s CEO Tim Cook. Broadcom and Meta also fell.

    Semiconductor stocks posted strong gains to start the week. The iShares Semiconductor ETF jumped 2.36 percent, fueled by a 4.77 percent gain in Advanced Micro Devices, a 4.41 percent rise in ON Semiconductor, and a 4.13 percent surge in Arm Holdings.

    Elsewhere, shares of Robinhood Markets and Applovin declined by 1.98 percent and 8.2 percent, respectively. Both companies had recently hit milestones that raised speculation about their potential addition to the S&P 500, but the index’s rebalancing did not include either stock, disappointing some investors.

    Wall Street strategists are growing more confident about the outlook for U.S. equities, with analysts at Morgan Stanley and Goldman Sachs now signaling a more optimistic tone. “We have high conviction that the sharp drawdown in April was the end of a much longer correction that began a year ago with the peak rate of change on earnings revisions breadth,” Morgan Stanley strategist Michael Wilson wrote in a note. A pick-up in analyst upgrades “keeps us positive on U.S. equities on a 12-month basis.”

    MIL OSI China News –

  • MIL-OSI China: Bank of Spain cuts growth forecasts amid US tariff uncertainty

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

    The Bank of Spain has revised downward its economic growth forecasts for the country, cutting the projection for 2025 from 2.7 percent to 2.4 percent, and that for 2026 to 1.8 percent, due to uncertainty stemming from U.S. tariff policies.

    Jose Luis Escriva, the bank’s governor, made the announcement on Monday during a speech to parliament’s economic commission, ahead of the publication of the bank’s quarterly report on the Spanish economy, scheduled for June 10.

    Escriva used the word “uncertainty” no fewer than 18 times in his speech, underlining that while Spain’s direct trade exposure to the U.S. is lower than that of other major European Union economies, the country is indirectly vulnerable, particularly in sectors such as chemicals, due to its integration into global value chains.

    He also warned that prolonged uncertainty could increasingly weigh on Spain’s economy. He noted that uncertainty remains the major concern for businesses, with many Spanish companies reporting impacts from the tariffs.

    Despite the downgraded growth forecast, the bank has retained its projection for the unemployment rate in 2025 at 10.5 percent, while slightly improving the estimate for 2026, lowering it to 10.2 percent from the previous report. 

    MIL OSI China News –

  • MIL-OSI China: China’s rare earth regulations responsible step toward sustainable global supply, security

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

    China’s rare earth regulations responsible step toward sustainable global supply, security

    An aerial drone photo shows a container vessel berthing at Qianwan Port in Qingdao, east China’s Shandong Province, Jan. 13, 2025. (Photo by Yu Fangping/Xinhua)

    China’s recent announcement of new regulations to strengthen export control measures on certain rare earth-related items is a measure driven by its domestic industrial sustainable development needs. The move aligns with international management standards and reflects China’s responsibilities as a major country — and is not, as some claim, a so-called “tactical countermeasure.”

    This step also underscores China’s sense of responsibility as a key global supplier of critical minerals and its commitment to advancing shared global development.

    China’s export controls on certain rare earth-related items are not trade barriers targeting specific countries, but a responsible measure to uphold international non-proliferation obligations. Implemented under the principle of non-discrimination, these controls reflect China’s commitment to maintaining global peace and regional stability.

    Rare earth elements are not only crucial for manufacturing new energy vehicles, consumer electronics and wind turbines, but also play an indispensable role in advanced military equipment such as fighter jets and nuclear facilities. Preventing such strategic resources from being used to undermine international peace and security is a shared non-proliferation obligation for all nations.

    In fact, export controls on dual-use strategic materials are an internationally accepted practice and a legitimate right of sovereign states to safeguard national security and fulfill international responsibilities.

    What is more, China’s new rare earth regulations reflect necessary industrial reforms. In the past, extensive and unregulated development led to the undervaluation of resources and severe ecological damage. This unsustainable model not only depleted the country’s natural resource endowment but also posed risks to the long-term stability of global industrial supply chains.

    China’s new moves, including new regulations on rare earth administration announced in 2024, have demonstrated China’s commitment to transitioning toward high-quality and sustainable development. These measures not only safeguard the domestic ecosystem but also ensure more reliable and transparent rare earth supplies for global industrial chains. A well-regulated and eco-friendly Chinese rare earth industry will ultimately benefit global users.

    Despite misleading hype from some Western media, China’s objective is to regulate exports and not ban them, and to facilitate trade that adheres to established regulations rather than disrupt normal commercial activity. For example, in response to concerns raised by the European Union (EU) and others recently, China’s Minister of Commerce Wang Wentao assured the EU side that China is willing to establish a green channel for eligible applications and expedite the approval process. Relevant work teams have also been instructed to maintain timely communication on this matter.

    These constructive responses and practical adjustments demonstrate China’s sincere commitment to working with its partners to minimize the impact of regulatory measures on legitimate trade.

    As China-U.S. economic and trade frictions deepen and critical technology sectors face unjustified restrictions, China’s efforts to strengthen the management of its strategic resources have often become subject to speculation. However, viewing these measures as mere short-term bargaining tools underestimates the strategic depth of China’s policy decisions.

    China’s rare earth regulations are a prudent decision grounded in widely accepted international norms, the country’s need for sustainable industrial development, and its responsibilities as a major country.

    Rather than succumbing to anxiety over “decoupling” or misconceptions of rare earths as a “strategic weapon,” it would be more constructive for the West to focus on understanding and adapting to China’s new measures.

    Only through candid dialogue and cooperation can all parties help ensure that this critical resource continues to support global technological advancement and the green transition within a peaceful and sustainable framework.

    MIL OSI China News –

  • MIL-Evening Report: What is cricket’s World Test Championship and how did Australia qualify for the final?

    Source: The Conversation (Au and NZ) – By Vaughan Cruickshank, Senior Lecturer in Health and Physical Education, University of Tasmania

    HENRY NICHOLLS/AFP via Getty Images

    Cricket’s third World Test Championship final will begin on Wednesday night in London. Reigning champions Australia will compete with South Africa to be crowned the world’s best men’s Test cricket team.

    This new tournament has faced controversy because of the points system used to determine the two finalists, with South Africa also criticised in recent years for allowing many key players to compete in T20 tournaments instead of Test matches.

    Despite this, South Africa has earned its right to take on the Australians at Lord’s Cricket Ground.

    What is the World Test Championship?

    The World Test Championship is a tournament played between nine full members of the International Cricket Council (ICC): Australia, Bangladesh, England, India, New Zealand, Pakistan, South Africa, Sri Lanka and the West Indies.

    The previous winners were New Zealand (2021) and Australia (2023).

    The ICC introduced this tournament as a way to increase the relevance and importance of Test cricket in a world dominated by popular Twenty 20 tournaments such as the Big Bash and Indian Premier League.

    Each country plays three series of between two and five Test matches at home, and three away.

    The tournament takes two years to complete because each Test match can take five days and there are no dedicated times for Test match cricket throughout the year. This is because many cricketers also play in T20 and one-day tournaments.

    Teams are awarded points for wins (12 points), ties (six) and draws (four) – there are zero points for a loss. Teams lose points if they bowl their overs too slowly.

    While this point system is simple enough, ranking teams in the results table is more confusing, because some teams play more Tests than others.

    Bigger, wealthier countries such as England, India and Australia commonly play four or five Tests in a series, whereas less affluent countries often play series with only two or three Tests.

    Because of this difference, the results table is based on the percentage of points teams have won (how many points they won divided by how many points they could have won).

    For example, if a team played ten tests, the maximum points they could earn would be 120 (10 x 12 points for each win). If they earned 60 points, then they would be ranked on the results table as winning 50% (60 divided by 120).

    How did Australia and South Africa reach the final?

    South Africa finished on top of the table by winning series against the West Indies, Bangladesh, Sri Lanka and Pakistan. They also drew with India and lost to New Zealand.

    Australia beat Pakistan and India at home and New Zealand and Sri Lanka away. They also drew series with England (away) and the West Indies (home).

    The final will be played at the “home of cricket”: Lord’s in London.

    Neutral territory

    Test matches are rarely played at neutral venues but the World Test Championship final is played in England for a variety of reasons.

    The current two-year World Test Championship cycle ends in June, which is early summer in England and winter or monsoon season in most other major cricket nations.

    England also offers good infrastructure, strong crowds, a time zone that aligns favourably with prime time viewing hours in India, and pitches that offer a fair contest between bat and ball, allowing for exciting and competitive cricket.

    Despite these reasons, the repeated scheduling of finals in England has been criticised, predominantly by India.

    Criticisms of the championship

    South Africa’s qualification for the final has been criticised because they have played the least number of Tests and avoided playing some stronger teams.

    While these criticisms are not unfounded, they are also not South Africa’s fault: the ICC is responsible for ensuring scheduling is fair.

    Richer countries such as Australia, England and India face a dilemma in that five-Test series between them are generally high quality, exciting and profitable but are also difficult to win.

    Smaller nations playing two-Test series receive less interest and money but also easier opponents and less fixture fatigue. This situation can make it easier for smaller, less affluent teams to have a higher winning percentage.

    Other criticisms have focused on the points deductions for slow overs and the exclusion of Test playing nations Afghanistan, Ireland and Zimbabwe. When the World Test Championship was launched in 2019, only the nine full members were included. No specific reasons were given for the exclusion of Zimbabwe, Afghanistan and Ireland.

    Including these countries and having two six-team divisions – with teams being relegated and promoted each year – has been suggested as way to make the Test championship more fair and more competitive.

    However, this idea has also been criticised as focusing on profits instead of protecting and nurturing the game around the world.

    These deductions and divisions, and other potential changes, were considered at a recent ICC meeting but no changes were made.

    Final preparations

    Australian players have prepared for the final in a variety of ways, such as playing in the IPL, county cricket in the United Kingdom and practice sessions at home.

    They are favourites for the final and have a strong squad to choose from.

    South Africa also has a strong team with several key players returning from injuries and a drugs ban.

    A win for Australia would solidify its standing as the premier Test cricket team in the world. For South Africa, a victory would showcase a remarkable turnaround after being criticised for picking a weak squad for a tour of New Zealand, with most of its better players instead competing in T20 tournaments.

    There is also record prize money at stake.

    If the match is a draw, tie or washed out, Australia and South Africa will share the trophy. But there is a reserve day available in case of wet weather.

    Vaughan Cruickshank 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. What is cricket’s World Test Championship and how did Australia qualify for the final? – https://theconversation.com/what-is-crickets-world-test-championship-and-how-did-australia-qualify-for-the-final-256999

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: EBC Financial Group and Brokeree Solutions Forge Strategic Knowledge Partnership to Empower Global Trading Community

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 09, 2025 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), a global leader in financial brokerage and asset management, is proud to announce a strategic knowledge partnership with Brokeree Solutions, a cutting-edge technology provider serving multi-asset brokers worldwide. This collaboration marks a significant milestone in EBC’s mission to build a transparent, education-driven investment community, bringing together two industry leaders to share expertise, innovative technologies, and actionable insights for the benefit of traders and investors around the globe.

    At the heart of this partnership is a joint commitment to knowledge sharing, with a strong focus on copy trading, a fast-evolving space that empowers both novice and seasoned traders. EBC and Brokeree will co-develop educational content and practical insights tailored to traders, brokers, and signal providers, helping them apply effective risk management tools, adopt best practices, and enhance their overall trading performance.

    “At EBC Financial Group, our mission is to build a transparent, inclusive investment community where traders are empowered through access to the right tools, insights, and education,” said David Barrett, CEO of EBC Financial Group (UK) Ltd. “This knowledge partnership with Brokeree Solutions goes beyond technology — it’s about leveraging shared expertise to create a more confident, results-driven trading environment. Together, we’re building a platform where both new and experienced traders can learn, grow, and thrive.”

    A Technology-Backed Knowledge Partnership

    Brokeree Solutions contributes its turnkey Social Trading investment system, enabling users to register as either professional traders or followers directly through a broker’s platform. The system features advanced stop-loss/take-profit controls, proportional trade copying, and symbol-specific signal filtering, all designed to support safe, flexible trading.

    EBC complements this with its global market expertise, investor-centric approach, and commitment to transparency, helping traders understand and apply copy trading as an educational tool, especially valuable in today’s complex financial landscape. By making professional-level tools accessible to a wider audience, the partnership transforms copy trading into a gateway for skill development and market participation.

    Content and Webinar Series to Strengthen Trading Knowledge

    As part of this knowledge-driven collaboration, EBC and Brokeree are introducing a monthly article series starting this May, covering a wide range of trading and investment topics. These insights will be designed to address real-world challenges faced by traders and provide actionable strategies to improve performance, risk control, and decision-making. Each article will tap into the shared expertise of both companies and will be published across digital channels to benefit the wider trading community.

    Additionally, the partnership will feature a quarterly webinar series, bringing traders, brokers, and signal providers together for deep-dive discussions on high-impact topics. The first webinar, launching soon, will explore Risk Management, a critical area for both individual and institutional traders. The session will examine practical techniques, platform-level risk tools, and best practices to help participants strengthen their trading discipline and capital protection.

    These initiatives aim not only to educate but also to foster engagement and dialogue within the trading community, ensuring that knowledge flows both ways, from experts to users, and from the front lines of trading back to those shaping the technology and strategy.

    “We value our clients’ trust in our technology and expertise. The partnership will provide traders and signal providers worldwide to examine advanced copy trading features that will help adjust copy trading strategy and increase the efficiency of risk management tools applied,” said Tatiana Pilipenko, Regional Head of Business Development (APAC, UK, Americas) at Brokeree Solutions. “This platform empowers brokers to cultivate a more inclusive and risk-informed trading environment, ultimately driving growth and strengthening relationships with trading communities.”
    This knowledge partnership underscores the shared vision of EBC and Brokeree: a future where technology, education, and transparency converge to empower traders worldwide. As financial markets grow increasingly complex, the collaboration aims to equip every trader – from beginners to experts – with the tools, confidence, and understanding they need to make smarter, more informed decisions.

    Through these collaborations, EBC and Brokeree are not just advancing the future of copy trading, they are laying the foundation for a more informed, connected, and resilient investment community.

    For more information on EBC and Brokeree, please visit https://www.ebc.com. and brokeree.com.

    Disclaimer:

    Trading Contracts for Difference (CFDs) entails a substantial risk of swift financial loss due to leverage, rendering it inappropriate for all investors; thus, a thorough evaluation of your investment objectives, expertise, and risk appetite is imperative prior to engagement.

    About EBC Financial Group  
    Founded in London’s esteemed financial district, EBC Financial Group (EBC) is renowned for its expertise in financial brokerage and asset management. With offices in key financial hubs—including London, Sydney, Hong Kong, Singapore, the Cayman Islands, Bangkok, Limassol, and emerging markets in Latin America, Asia, and Africa—EBC enables retail, professional, and institutional investors to access a wide range of global markets and trading opportunities, including currencies, commodities, shares, and indices.   

    Recognised with multiple awards, EBC is committed to upholding ethical standards and these subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC);  EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).  

    At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.   

    As the Official Foreign Exchange Partner of FC Barcelona, EBC provides specialised services across Asia, LATAM, the Middle East, Africa, and Oceania. Through its partnership with the UN Foundation and United to Beat Malaria, the company contributes to global health initiatives. EBC also supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, helping to demystify economics and its application to major societal challenges, fostering greater public understanding and dialogue.  

    https://www.ebc.com/ 

    About Brokeree Solutions

    Founded in 2013, Brokeree Solutions has consistently enhanced the technologies for multi-asset brokers worldwide. Leveraging extensive experience, the company contributed to the fintech area of the online trading industry by developing innovative solutions, streamlining operational procedures, and setting up advanced risk management systems.

    Brokeree’s flagship offerings include cross-platform Social Trading, Prop Pulse, Liquidity Bridge, and cross-server PAMM. Additionally, Brokeree provides over 50 solutions and tools designed to help brokers enhance their operations in areas such as account management, risk management, and liquidity management, accessible to brokers using MT4, MT5, cTrader, and DXtrade CFD trading platforms.

    brokeree.com

    Media Contact:
    Savitha Ravindran
    Global Public Relations Manager
    savitha.ravindran@ebc.com

    Michelle Siow
    Brand & Communications Director
    michelle.siow@ebc.com  

    The MIL Network –

  • MIL-OSI: BEN Reports First Quarter 2025 Results and Business Highlights

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., June 09, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced its results and key business highlights for the first quarter ended March 31, 2025.

    “Q1 marked a strong start to 2025, as we launched our iSKYE platform and deepened strategic partnerships that demonstrate the growing demand for secure, scalable AI solutions,” said Paul Chang, CEO of Brand Engagement Network. “We’ve enhanced our platform with features that deliver greater accuracy and relevance for users, while providing the control and engagement enterprise clients want. Looking ahead, iSKYE’s modular architecture positions us to easily support new industries and applications. This flexibility opens doors to larger opportunities and broader AI-powered engagement across diverse sectors.”

    Q1 2025 Key Business Highlights:

    • iSKYE AI Platform Launch: BEN has officially launched the iSKYE platform, offering businesses a customizable, scalable solution to integrate AI with existing business processes, inject a rules engine to manage the interactions, and provide full control of the user experience. Key capabilities include customizable 3D avatars, low-cost deployment, enterprise-grade security, and the ability to mitigate AI hallucinations while integrating seamlessly into existing systems.
    • Global AI Insurance Partnership with Swiss Life: BEN partnered with Swiss Life Global Solutions to deliver secure, scalable generative AI solutions that enhance digital health, mental health, and financial wellbeing services. The collaboration aims to streamline insurance sales, reduce call center volume, and improve member services with AI-powered tools.
    • Expanded Partnership with Vybroo and Grupo Siete: BEN expanded its partnership with Vybroo and Grupo Siete to deploy AI-powered brand ambassadors and voice agents across Latin America and Southern Europe, enhancing its digital media presence and unlocking new revenue opportunities in high-growth markets.
    • Advocating for Responsible AI Privacy Standards: BEN supported and advised on California Assembly Member Carl DeMaio’s proposed AI data privacy legislation bill, which aims to prevent the offshore storage of sensitive user data and underscores the Company’s commitment to secure, closed-loop AI systems focused on trust and compliance.

    Conference Call and Webcast Information
    The Company will host a conference call and webcast tomorrow, Tuesday, June 10, 2025, at 6:00 p.m. ET. CEO Paul Chang and CFO and COO Walid Khiari will lead the call and provide an overview of the company’s financial performance, key business highlights, and strategic outlook.

    Participants can register here to access the live webcast of the conference call. Those who prefer to join the call via phone can register using this link to receive a dial-in number and unique PIN.

    The webcast will be archived for one year following the conference call and can be accessed on BEN’s investor relations website at https://investors.beninc.ai/.

    About Brand Engagement Network (BEN)
    Brand Engagement Network Inc. (NASDAQ: BNAI) innovates in AI-powered customer engagement, delivering safe, intelligent, and scalable solutions. Its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture enable highly personalized interactions supported by customers’ curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based or on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement. For more information, visit www.beninc.ai.

    Forward-Looking Statements
    This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are not historical facts, and involve risks and uncertainties that could cause actual results of BEN to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipates,” “believes,” “continue,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” or “would,” or, in each case, their negative or other variations or comparable terminology.
    These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside BEN’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: uncertainties as to the timing of the acquisition with Cataneo Gmbh (the “Acquisition”); the risk that the Acquisition may not be completed on the anticipated terms in a timely manner or at all; (the failure to satisfy any of the conditions to the consummation of the Acquisition, including the ability to obtain financing to fund the Acquisition on terms that are acceptable or at all; the possibility that any or all of the various conditions to the consummation of the Acquisition may not be satisfied or waived; the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; the effect of the announcement or pendency of the transactions contemplated by the purchase agreement on the Company’s ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; risks related to diverting management’s attention from the Company’s ongoing business operations; uncertainty as to the timing of completion of the Acquisition; risks that the benefits of the Acquisition are not realized when and as expected; risks relating to the uncertainty of the projected financial information with respect to BEN; uncertainty regarding and the failure to realize the anticipated benefits from future production-ready deployments; the attraction and retention of qualified directors, officers, employees and key personnel; our ability to grow our customer base; BEN’s history of operating losses; BEN’s need for additional capital to support its present business plan and anticipated growth; technological changes in BEN’s market; the value and enforceability of BEN’s intellectual property protections; BEN’s ability to protect its intellectual property; BEN’s material weaknesses in financial reporting; BEN’s ability to navigate complex regulatory requirements; the ability to maintain the listing of BEN’s securities on a national securities exchange; the ability to implement business plans, forecasts, and other expectations; the effects of competition on BEN’s business; and the risks of operating and effectively managing growth in evolving and uncertain macroeconomic conditions, such as high inflation and recessionary environments. The foregoing list of factors is not exhaustive.
    BEN cautions that the foregoing list of factors is not exclusive. BEN cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. BEN does not undertake nor does it accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, and it does not intend to do so unless required by applicable law. Further information about factors that could materially affect BEN, including its results of operations and financial condition, is set forth under “Risk Factors” in BEN’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q subsequently filed with the Securities and Exchange Commission.

    Media Contact 
    Amy Rouyer
    P: 503-367-7596
    E: amy@beninc.ai

    Investor Relations
    Susan Xu
    P: 778-323-0959
    E: sxu@allianceadvisors.com

    The MIL Network –

  • MIL-Evening Report: Bangarra Dance Theatre’s Illume is spectacle with heart and spirit, a thrilling manifestation of Country

    Source: The Conversation (Au and NZ) – By Erin Brannigan, Associate Professor, Theatre and Performance, UNSW Sydney

    Bangarra/Daniel Boud

    The stage is covered in stars that fill the depth of the space. When the 18 dancers slowly gather, they move through a night sky.

    This sky, and the scenes that unfold in Bangarra’s Illume are tied to the Goolarrgon clan of the Bardi Jawi people, the First Peoples of the Dampier Peninsula on the west coast of the Kimberley. Choreographer Frances Rings chose as her primary collaborator visual artist Darrell Sibosado who brings his cultural knowledge of that Country to the work, alongside cultural consultants Trevor Sampi and Audrey (Pippi) Bin Swani, also from Bardi Country.

    The 70-minute work moves through 11 sections, and over three phases. A short synopsis for each in the program guides visitors through this manifestation of Country.

    The opening segments are immersive, integrated worlds where the dancers move at one with the design elements.

    In Niman Aarl (Many Fish), a thrilling whirlpool of tiny light fish spiral around a giant conch shell. The dancers spiral among them with flowing, fluid movements.

    The central section, Light Pollution, interrupts the flow, representing the displacement caused by settler invasion. The dancers carry brown blocks, simply and effectively introducing inorganic and uniform shapes into this natural environment. They are suggestive of bricks, burdens and baggage. Movements depict trauma and a burning crucifix-like form that brings religious movements (as if seated at prayer) and music themes (church bells) to a dramatic climax.

    Brown blocks are suggestive of bricks, burdens and baggage.
    Bangarra/Daniel Boud

    The final sections return us to the sea and land. The work culminates with a beautifully crafted kaleidoscope of mother of pearl opalescence that washes over the front scrim.

    Bringing remote cultures to broad audiences

    Coinciding with Sydney’s Vivid light festival, the difference could not be starker between the tired, candy-coloured neon display spilling across Sydney Harbour and the immersive, detailed and sometimes breathtaking light (designed by Damien Cooper) and video design (from Craig Wilkinson) that gives this work its name.

    The stage floor shimmers: Charles Davis’ set is a reflective surface that amplifies the stunning light work. Upstage left, poles cluster like a stand of trees and occasionally pulse with light in time with the score from Brendon Boney.

    On the back scrim, lights twinkle and constellate. Many images emerge, including what seem to be fragments of a stuttering calligraphy.

    The stage floor shimmers.
    Bangarra/Daniel Boud

    In the final moments of the work, the lights consolidate into an intriguing set of symbols. These echo previous work of Sibosado, such as Galalan at Gumiri featured at the 2024 Biennale of Sydney.

    Blocky, maze-like, and recalling Aztec or Indonesian patterns, these designs appear like a collision of more familiar Indigenous pattern work, south-east Asian influences, and contemporary abstraction.

    Sibosado works primarily with Bardi Jawi riji – pearl shell carving designs from his Country Lullmardinard/Lombadina. He enlarges the small pearl carvings in scale and fabricates them using contemporary materials such as metal and light.

    Designs appear like a collision of Indigenous pattern work, south-east Asian influences, and contemporary abstraction.
    Bangarra/Daniel Boud

    Sibosado is an alumnus of NAISDA, Australia’s National Indigenous dance college and feeder program for the Bangarra company. He has described how he brings story elements usually held in dance and song into his visual art, demonstrating an integration of the creative disciplines characteristic of many NAISDA graduates’ work.

    NAISDA’s practice of working with Indigenous communities from across the country makes the College a living repository of ephemeral and material culture.

    This approach to First Peoples’ culture continues at Bangarra. Bangarra’s deep dive into the traditional knowledges of the Bardi Jawi people through the creative practice of Sibosado, alongside cultural consultants Trevor Sampi and Audrey (Pippi) Bin Swani, brings remote cultures to broad audiences.

    Ambitious, smart and timely

    Watching the show from the dress circle, the impact of all the elements was clear but it was difficult to distinguish individual dancers. The large company was well rehearsed with some stellar performances throughout. However, the choreographic detail was largely absorbed into the overall effects of the work.

    Rings demonstrates her finely tuned attention to movement language specific to each section. From the snaking arms forming the branches of the Manawan or Wollybutt trees, to the south-east Asian inflections in the Mother of Pearl (Guan) sections referencing the pearl divers from that region who were part of the local industry (sometimes against their will), Rings’ choreographic vision is clear – if not always given space and focus among the design.

    Rings demonstrates her finely tuned attention to movement language.
    Bangarra/Daniel Boud

    Rings’ ability to lead a collaborative vision is made possible through the creative team she has gathered. Rings’ and Sibosado’s vision is supported by the set, lighting and video design. Costume designer Elizabeth Gadsby, working with emerging costumer Rika Hamaguchi, has produced unique looks for each section of the work. Boney’s compositions strike a balance between ancient sounds and rhythms and a synthetic sheen that parallels the glossy production elements.

    Illume is ambitious, smart and timely, with its powerful combination of visual and choreographic arts and stories from the ecologically precious and precarious Kimberley region.

    Bangarra is our leading Indigenous performing arts company whose work extends from a rich education and outreach program to their stellar track in international touring. With this work, Bangarra is giving Australia’s other major performing arts companies an object lesson in spectacle with heart and spirit.

    Illume is at the Sydney Opera House until June 14, then touring nationally.

    Erin Brannigan 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. Bangarra Dance Theatre’s Illume is spectacle with heart and spirit, a thrilling manifestation of Country – https://theconversation.com/bangarra-dance-theatres-illume-is-spectacle-with-heart-and-spirit-a-thrilling-manifestation-of-country-257963

    MIL OSI Analysis – EveningReport.nz –