Category: Business

  • MIL-OSI Global: Ukraine’s Operation Spider Web destroyed more than aircraft – it tore apart the old idea that bases far behind the front lines are safe

    Source: The Conversation – Global Perspectives – By Benjamin Jensen, Professor of Strategic Studies at the Marine Corps University School of Advanced Warfighting; Scholar-in-Residence, American University School of International Service

    A sitting duck? A Russian Tu-160 strategic bomber on the ground on Feb. 22, 2024. Alexander KazakovAFP via Getty Images

    A series of blasts at airbases deep inside Russia on June 1, 2025, came as a rude awakening to Moscow’s military strategists. The Ukrainian strike at the heart Russia’s strategic bombing capability could also upend the traditional rules of war: It provides smaller military a blueprint for countering a larger nation’s ability to launch airstrikes from deep behind the front lines.

    Ukraine’s Operation Spider Web involved 117 remote-controlled drones that were smuggled into Russia over an 18-month period and launched toward parked aircraft by operators miles away.

    The raid destroyed or degraded more than 40 Tu-95, Tu-160 and Tu-22 M3 strategic bombers, as well as an A-50 airborne-early-warning jet, according to officials in Kyiv. That would represent roughly one-third of Russia’s long-range strike fleet and about US$7 billion in hardware. Even if satellite imagery ultimately pares back those numbers, the scale of the damage is hard to miss.

    The logic behind the strike is even harder to ignore.

    Traditional modern military campaigns revolve around depth. Warring nations try to build combat power in relatively safe “rear areas” — logistics hubs that are often hundreds if not thousands of miles from the front line. These are the places where new military units form and long-range bombers, like those destroyed in Ukraine’s June 1 operation, reside.

    Since the invasion of Ukraine in 2022, the Kremlin has leaned heavily on its deep-rear bomber bases — some over 2,000 miles from the front in Ukraine. It has paired this tactic with launching waves of Iranian-designed Shahed attack drones to keep Ukrainian cities under nightly threat.

    The Russian theory of victory is brutally simple: coercive airpower. If missiles and one-way drones fall on Kyiv often enough, civilian morale in Ukraine will crack, even as the advance of Russian ground forces get bogged down on the front line.

    For Kyiv’s military planners, destroying launch platforms undercuts that theory far more cheaply than the only other alternative: intercepting every cruise missile in flight, which to date has achieved an 80% success rate but relies heavily on Western-donated equipment coming increasingly in short supply.

    Airfield vulnerability

    Airfields have always been critical targets in modern warfare, the logic being that grounded bombers and fighters are more vulnerable and easier to hit.

    In the North African desert during World War II, the United Kingdom’s Special Air Service used jeep raids and delayed-action explosives to knock out an estimated 367 enemy aircraft spread across North Africa — firepower the Luftwaffe never regenerated. That same year, German paratroopers seized the airstrips on Crete, denying the British Royal Air Force a forward base and tipping an entire island campaign.

    A generation later in Vietnam, Viet Cong and North Vietnamese Army assault teams armed with satchel charges and mortars repeatedly penetrated U.S. perimeters at Phan Rang, Da Nang and Bien Hoa, burning fighters on the ramp and forcing the diversion of thousands of American soldiers to base security.

    The underlying playbook of hitting aircraft on the ground remains effective because it imposes cascading costs. Every runway cratered and every bomber torched obliges the military hit to pour money into ways to frustrate such attacks, be it hardened shelters or the dispersal of squadrons across multiple bases. Such air attacks also divert fighters from the front lines to serve as guards.

    U.S. soldiers look at wreckage of an Air Force B-57 Canberra bomber after Viet Cong mortars destroyed 21 planes at Bien Hoa airbase in 1964.
    AP Photo

    A new age of drone warfare

    In Operation Spider Web, Ukraine has sought to repeat that strategy while also leveraging surprise to achieve psychological shock and dislocation.

    But the Ukraine operation taps into a uniquely 21st-century aspect of warfare.

    The advent of unmanned drone warfare has increasingly seen military practitioners talk of “air littorals” — military speak for the slice of atmosphere that sits above ground forces yet below the altitude where high-performance fighters and bombers traditionally roam.

    Drones thrive in this region, where they bypass most infantry weapons and fly too low for traditional radar-guided defenses to track reliably, despite being able to incapacitate targets like fuel trucks or strategic bombers.

    By smuggling small launch teams of drones within a few miles of each runway, Kyiv created pop-up launchpads deep into Russia and were able to catch the enemy off guard and unprepared.

    The economic benefits of Ukraine’s approach are stark. Whereas a drone, a lithium-battery and a warhead cost well under $3,000, a Russian Tu-160 bomber costs in the region of $250 million.

    The impact on Russia

    Ukraine’s Operation Spider Web will have immediate and costly consequences for Russia, even if the strikes end up being less destructive than Kyiv currently claims.

    Surviving bombers will need to be relocated. Protecting bases from repeat attacks will mean erecting earthen revetments, installing radar-guided 30 mm cannons and electronic-warfare jammers to cover possible attack vectors. This all costs money. Even more importantly, the operation will divert trained soldiers and technicians who might otherwise rotate to the front line in support of the coming summer offensive.

    Russian MiG-31bm fighter jets, a Tu-160 strategic bomber and an Il-78 aerial refueling tanker fly over Moscow during a rehearsal for the WWII Victory Parade on May 4, 2022.
    Kirill Kudryavtsev/AFP via Getty Images

    The raid also punches a hole in Russia’s nuclear weapons capabilities.

    Losing as many as a dozen Tu-95 and Tu-160 aircraft, which double as nuclear-capable bombers, would be strategically embarrassing and may prod the Kremlin to rethink the frequency of long-range air patrols.

    Beyond the physical and financial damage to Russia’s fleet, Ukraine’s operation also comes with a potent psychological effect. It signals that Ukraine, more than three years into a war aimed at grinding down morale, is able to launch sophisticated operations deep into Russian territory.

    Ukraine’s security service operation unfolded in patient, granular steps: 18 months of smuggling disassembled drones and batteries across borders inside innocuous cargo, weeks of quietly reassembling kits, and meticulous scouting of camera angles to ensure that launch trucks would be indistinguishable from normal warehouse traffic on commercial satellite imagery.

    Operators drove those trucks to presurveyed firing points and then deployed the drones at treetop height.

    Because each of the drones was a one-way weapon, a dozen pilots could work in parallel either close to the launch site or remotely, steering live-video feeds toward parked bombers. Videos of the strike suggest multiple near-simultaneous impacts across wide swaths of runway — enough to swamp any ad hoc small-arms response from perimeter guards.

    A new front line?

    For Ukraine, the episode demonstrates a repeatable method for striking deep, well-defended assets. The same playbook can, in principle, be adapted to missile storage depots and, more importantly, factories across Russia mass-producing Shahed attack drones.

    Kyiv has needed to find a way to counter the waves of drones and ballistic missile strikes that in recent months have produced more damage than Russian cruise missiles. The Center for Strategic and International Studies’ Firepower Strike Tracker has shown that Shaheds are now the most frequent and most cost-effective air weapon in Russia’s campaign.

    But the implications of Operation Spider Web go far beyond the Russia-Ukraine conflict by undermining the old idea that rear areas are safe. Comparatively inexpensive drones, launched from inside Russia’s own territory, wiped out aircraft that cost billions and underpin Moscow’s long-range strike and nuclear signaling. That’s a strategy than can be easily replicated by other attackers against other countries.

    Anyone who can smuggle, hide and pilot small drones can sabotage an adversary’s ability to generate air attacks.

    Air forces that rely on large, fixed bases must either harden, disperse or accept that their runway is a new front line.

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

    ref. Ukraine’s Operation Spider Web destroyed more than aircraft – it tore apart the old idea that bases far behind the front lines are safe – https://theconversation.com/ukraines-operation-spider-web-destroyed-more-than-aircraft-it-tore-apart-the-old-idea-that-bases-far-behind-the-front-lines-are-safe-258056

    MIL OSI – Global Reports

  • MIL-OSI Global: Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges

    Source: The Conversation – Africa – By Julie Zollmann, Digital Planet Fellow, The Fletcher School, Tufts University

    Many argue that gig work involves exploitation, as research and media coverage have highlighted. But that doesn’t seem to deter ride hailing drivers on platforms like Uber and Bolt.

    In Kenya, in fact, many new drivers continued to join platforms even as fares were slashed starting in 2016.

    As a PhD student studying the role of digitalisation in development, I spent several years trying to understand how digital drivers experienced the quality of their work. My research found that in 2019, a typical digital driver in Nairobi worked about 58 hours a week and earned well below the minimum wage on an hourly basis. What made this work attractive? Why did drivers stay?

    In a new paper, I draw on a 2019 survey of 450 drivers in Nairobi and 38 subsequent qualitative interviews in Nairobi and Kenya’s second largest ride hailing market, Mombasa, in 2021 that explored drivers’ experiences in detail.

    In addition to measuring working hours and incomes, my survey team asked drivers if they considered their work “dignified”. Nearly eight in ten (78%) of our survey participants said yes. While that specific share of drivers may have changed since then, the underlying reasons drivers found the work dignified remain unchanged.

    In the global north, scholars have rung alarm bells about what “gig work” means for the erosion of standard jobs with legal protections around working hours, minimum wage and other benefits. But the drivers my team and I spoke with in Kenya felt that digital driving was a step towards formalisation rather than a drift away from an ideal formal job. Driving had diginity in contrast to the indignities of low-wage work and the vast informal sector, which was their realistic alternative for making a living.

    My findings highlight that workers’ experiences on global platforms like Uber are not universal and that digitisation may deliver some improvements in work quality relative to informal work in African contexts.

    How did digital work deliver dignity?

    Drivers explained that app companies imposed rules and structure that provided “discipline” in a transport sector more broadly associated with rudeness, unruliness, and disrespect towards passengers. Requirements for things like driving licences, proof of insurance, and ratings seemed to make drivers feel more professional and make passengers see them as such.

    Drivers felt proud to be part of a driver community that behaved professionally under these conditions. A 38-year-old male driver in Nairobi who had been working on the platforms for three years told us:

    We are very respected … Everyone trusts you to carry them. It’s not like the old days, when the taxi driver might rob you and dump you or even kill you. We are getting attraction from the society, even in the slums. They know you are an app driver, and they trust you because app drivers are good people. They know you can deliver, that you will be honest.




    Read more:
    Zimbabwe’s economy crashed — so how do citizens still cling to myths of urban and economic success?


    On platforms, drivers were matched digitally with riders. Respondents said this brought dignity by ensuring drivers would receive a fairly steady stream of clients. This meant that a driver could rest assured he would earn money every day.

    The alternative was to “hustle” in the informal economy to shake loose opportunities and constantly solicit those who might use their labour and beg for payment after a job was done. Constant solicitation and bargaining were exhausting and degrading.

    One driver explained:

    Most of us are poor. I have never walked out every morning sure that I would do a job. But now I know that if my car has been serviced and my phone is charged and working, I am going to work and not to some charity job. I used to wait at the base all day without getting a customer. Now, ….. at least two, three days are going to be good for you.

    Digital matchmaking also meant that drivers were not limited to serving the few clients they already knew or who happened to pass them at a fixed base. They found themselves serving new parts of the city and carrying important people, including business people, celebrities and local politicians. Serving these high-end customers made them feel proud and important. Wealthy neighbourhoods, luxury hotels and high-end restaurants felt more open to them in otherwise exclusionary and segregated cities.

    Some drivers felt that digitalisation had removed barriers to entry for taxi driving, like paying to join a parking base and building a client list.

    The app did away with parking bases, and about half of drivers joined the system through a “partner”, paying a fixed weekly fee to rent their car instead of buying it themselves.

    In efforts to make rides cheaper, in 2018 app companies in Kenya allowed smaller, less expensive cars on their platforms, lowering costs of ownership. Drivers in our survey showed that both formal and informal financiers were willing to offer loans to digital drivers, knowing they would have regular revenue to service their debt.

    Buying a car was seen as a huge, dignifying accomplishment. One driver in the survey told us:

    Growing up, I thought vehicles were owned only by the rich, but now digital driving has provided a means for me to own one and earn the respect of society.

    David Muteru, then chairman of the Digital Taxi Association of Kenya, echoed this sentiment: “Owning a vehicle, that’s an asset”.

    Dignity not always guaranteed

    The dignifying value of order was only possible when app companies enforced their own rules and did so fairly. Drivers preferred the stringent rule enforcement of one major app over the lax enforcement of another, which made for more stressful and undignified interactions with riders.

    When the rules were enforced, drivers could be sure that the app company would help if a rider refused to pay or if there was a dispute with the client. Drivers felt the stricter environment kept bad actors out.

    Over time, though, app companies slashed prices, competing for market share. Drivers felt less respected by riders who saw them as desperate for money. Low fares pressed drivers to negotiate with riders for offline trips and higher rates, reintroducing the indignity of haggling.

    Lessons for the future

    Digitally mediated work raises many questions about labour standards.

    This research shows how important it is to keep local context in mind. Digital driving is not the same experience for drivers in every context. Where people suffer indignities and deprivations in the informal sector, digitalisation may offer gains. But this potential depends on rule enforcement and pay. Material and subjective dignity are intertwined.

    Julie Zollmann received funding from Mastercard Foundation.

    ref. Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges – https://theconversation.com/kenyas-ride-hailing-drivers-say-their-jobs-offer-dignity-despite-the-challenges-257845

    MIL OSI – Global Reports

  • MIL-OSI Africa: Work underway to eliminate waste in government spending

    Source: South Africa News Agency

    In an ongoing effort to ensure that government manages its finances efficiently, the state is currently consulting on options for a formal fiscal anchor.

    This was outlined in the March 2025 discussion document issued by the National Treasury to prevent a recurrence of the cycle of high spending, large deficits, and rising debt.

    “Efficiency reforms continue to underpin our broader agenda. We are closing underperforming programmes, eliminating ghost workers through improved payroll systems, and establishing a centralised state-owned entity holding company to strengthen governance. 

    “Our tax administration continues to improve, with enhanced data systems and compliance measures supporting higher revenue performance,” Finance Deputy Minister, Ashor Sarupen, said on Thursday in Johannesburg.

    He was addressing the launch of the Organisation for Economic Cooperation and Development (OECD) research on South Africa’s economy.

    The OECD Economic Survey of South Africa is an independent and internationally peer-reviewed assessment of South Africa’s macroeconomic trends, structural reforms, and policy challenges.

    It suggested, among the other recommendations, that South Africa introduce stricter spending controls, reinforce spending rules and improve governance and administrative efficiency and reform state-owned enterprises (SOEs) to reduce fiscal transfers.

    The Deputy Minister noted the OECD’s recommendations while asserting that South Africa was already working towards achieving sustainable public finances.

    “We find strong alignment between our national reform agenda and the OECD Survey’s five priority recommendations for South Africa, which include enhancing fiscal sustainability while promoting inclusive growth, maintaining low and stable inflation, expanding job creation and workforce integration, enabling a just climate transition, and reforming the electricity sector.

    “Our commitment to inclusive economic growth and development remains firm, with 61% of non-interest spending being directed toward the social wage. 

    “Even as baseline spending has been reduced, we have shielded frontline services and protected the most vulnerable, focusing priority support on health, education, and social protection,” the Deputy Minister said.

    At the same time, government is investing boldly to drive growth and economic transformation. 

    Over R1 trillion has been allocated to infrastructure over the medium term, with a focus on energy, transport and water. Inclusive growth also requires labour market integration to spur job creation. 

    Government is scaling up youth employment programmes, technical training, and informal sector support.

    Operation Vulindlela

    Furthermore, government launched Phase 2 of Operation Vulindlela as a step toward further accelerating structural reform.

    Phase 2 focuses on digital infrastructure, dynamic cities, and improved basic services. 

    This work complements government’s broader strategy to build a capable state and reduce regulatory and infrastructure bottlenecks – priorities the OECD has rightly emphasised.

    Operation Vulindlela is a joint initiative between The Presidency and National Treasury which focuses on accelerating structural reforms to enable economic growth and job creation.

    With the OECD’s recommendations to revise municipal funding models and better align electricity revenues with infrastructure investment, the Deputy Minister highlighted work that was already taking place.

    “As part of Operation Vulindlela Phase 2, we are working to shift both water and electricity services to a utility model. This will help ensure that municipal services are financially sustainable and better managed. 

    “A broader review of the local government funding model is also underway to strengthen how infrastructure is funded and delivered at the local level.

    “Nowhere is the impact of reform more visible – or more necessary – than in the electricity sector. Load shedding has declined markedly, supported by improvements in generation capacity and the growing participation of the private sector. Investments in embedded generation are rising, and procurement has accelerated, helping to unlock new capacity and diversify the energy mix,” he said.

    The operationalisation of the National Transmission Company (NTCSA) marks a major milestone in the unbundling of Eskom. 

    “It lays the foundation for a more competitive and transparent electricity market. Independent power producers are expanding their footprint. At the same time, we are scaling up investment in the transmission network and addressing long-standing weaknesses in distribution. 

    “Restoring energy security remains essential to unlocking growth and enabling a just transition. A sentiment echoed by both ourselves and the OECD.

    “Looking ahead, we will deepen these reforms by prioritising the full restructuring of Eskom, establishing an independent transmission system operator, and creating a wholesale electricity market under Operation Vulindlela Phase 2,” Sarupen said. –SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: ACSA ordered to engage in mediation efforts with ACS

    Source: South Africa News Agency

    The Minister of Transport, Barbara Creecy, has issued a ministerial order to the Airports Company SA (ACSA) Board to engage in a mediation process with a company that conducts the baggage screening at its airports.

    This follows various engagements with the ACSA Board on several occasions to discuss its dispute with the Airports Co-ordination Services (ACS) Pty Ltd in relation to hold baggage screening and related services at ACSA’s airports.

    ACSA is an entity of the Department of Transport.

    The dispute also involves the South African Civil Aviation Authority.

    The order was issued in terms of section 10(1)(a) of the Airports Company Act No. 44 of 1993, which empowers the Minister to take necessary steps to safeguard national security where a risk to critical infrastructure, public safety, or the national interest has been identified.

    “I am concerned about the negative impact the protracted litigation could have on the integrity and reliability of hold baggage screening (HBS) as the first line of defence against threats in the aviation system at ACSA’s airports,” Creecy said on Thursday.

    The dispute has resulted in multiple review applications, interdictory proceedings, and related appeal proceedings in the High Court.

    “In this regard, I am satisfied that intervention is necessary to prevent potential disruption, compromise of national security, and reputational harm.

    “As such, my engagements with the ACSA Board have, in the main, related to finding a solution to resolve the dispute amicably and timeously to obviate any destabilisation of an essential national security function,” the Minister said.

    The objective of the mediation is to reach a settlement within the parameters of the applicable regulatory framework, which avoids a protracted legal dispute and safeguards national security.

    The board has therefore been ordered to finalise and execute a mediation agreement, which contains the following terms of reference:
    • Prepare and submit a comprehensive report within two weeks of the order setting out the total costs incurred in relation to the dispute to date. This report must include a detailed breakdown of all the legal fees, disbursements, and any other associated expenses borne by the State.
    • Negotiate, during the mediation proceedings must be in good faith as the legal prescripts require that parties to the mediation, act in the best interests of national security.
    • The long-term issues relate to the provision of service of HBS and its maintenance, compliance with the applicable regulatory frameworks, budgetary and fiscal constraints, the safety of passengers who use ACSA’s airports, potential revision of agreements, and the commercial relations between the parties.
    • Transitional – there is a short-term issue relating to the continued and efficient functioning of the HBS system at ACSA’s airports and compliance with regulatory and international frameworks; compliance with international safety standards, which include the implementation of interim measures relating to the maintenance regime; and whether ACS / ACSA can or should install any HBS maintenance-related equipment, including the back-up HBS units.
    • That the dispute pertaining to the entity that is statutorily responsible for the provision of the HBS and interrelated services, and by implication, the application of Section 217 of the Constitution, be addressed at the mediation. – SAnews.gov.za
     

    MIL OSI Africa

  • MIL-OSI Africa: Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges

    Source: The Conversation – Africa – By Julie Zollmann, Digital Planet Fellow, The Fletcher School, Tufts University

    Many argue that gig work involves exploitation, as research and media coverage have highlighted. But that doesn’t seem to deter ride hailing drivers on platforms like Uber and Bolt.

    In Kenya, in fact, many new drivers continued to join platforms even as fares were slashed starting in 2016.

    As a PhD student studying the role of digitalisation in development, I spent several years trying to understand how digital drivers experienced the quality of their work. My research found that in 2019, a typical digital driver in Nairobi worked about 58 hours a week and earned well below the minimum wage on an hourly basis. What made this work attractive? Why did drivers stay?

    In a new paper, I draw on a 2019 survey of 450 drivers in Nairobi and 38 subsequent qualitative interviews in Nairobi and Kenya’s second largest ride hailing market, Mombasa, in 2021 that explored drivers’ experiences in detail.

    In addition to measuring working hours and incomes, my survey team asked drivers if they considered their work “dignified”. Nearly eight in ten (78%) of our survey participants said yes. While that specific share of drivers may have changed since then, the underlying reasons drivers found the work dignified remain unchanged.

    In the global north, scholars have rung alarm bells about what “gig work” means for the erosion of standard jobs with legal protections around working hours, minimum wage and other benefits. But the drivers my team and I spoke with in Kenya felt that digital driving was a step towards formalisation rather than a drift away from an ideal formal job. Driving had diginity in contrast to the indignities of low-wage work and the vast informal sector, which was their realistic alternative for making a living.

    My findings highlight that workers’ experiences on global platforms like Uber are not universal and that digitisation may deliver some improvements in work quality relative to informal work in African contexts.

    How did digital work deliver dignity?

    Drivers explained that app companies imposed rules and structure that provided “discipline” in a transport sector more broadly associated with rudeness, unruliness, and disrespect towards passengers. Requirements for things like driving licences, proof of insurance, and ratings seemed to make drivers feel more professional and make passengers see them as such.

    Drivers felt proud to be part of a driver community that behaved professionally under these conditions. A 38-year-old male driver in Nairobi who had been working on the platforms for three years told us:

    We are very respected … Everyone trusts you to carry them. It’s not like the old days, when the taxi driver might rob you and dump you or even kill you. We are getting attraction from the society, even in the slums. They know you are an app driver, and they trust you because app drivers are good people. They know you can deliver, that you will be honest.


    Read more: Zimbabwe’s economy crashed — so how do citizens still cling to myths of urban and economic success?


    On platforms, drivers were matched digitally with riders. Respondents said this brought dignity by ensuring drivers would receive a fairly steady stream of clients. This meant that a driver could rest assured he would earn money every day.

    The alternative was to “hustle” in the informal economy to shake loose opportunities and constantly solicit those who might use their labour and beg for payment after a job was done. Constant solicitation and bargaining were exhausting and degrading.

    One driver explained:

    Most of us are poor. I have never walked out every morning sure that I would do a job. But now I know that if my car has been serviced and my phone is charged and working, I am going to work and not to some charity job. I used to wait at the base all day without getting a customer. Now, ….. at least two, three days are going to be good for you.

    Digital matchmaking also meant that drivers were not limited to serving the few clients they already knew or who happened to pass them at a fixed base. They found themselves serving new parts of the city and carrying important people, including business people, celebrities and local politicians. Serving these high-end customers made them feel proud and important. Wealthy neighbourhoods, luxury hotels and high-end restaurants felt more open to them in otherwise exclusionary and segregated cities.

    Some drivers felt that digitalisation had removed barriers to entry for taxi driving, like paying to join a parking base and building a client list.

    The app did away with parking bases, and about half of drivers joined the system through a “partner”, paying a fixed weekly fee to rent their car instead of buying it themselves.

    In efforts to make rides cheaper, in 2018 app companies in Kenya allowed smaller, less expensive cars on their platforms, lowering costs of ownership. Drivers in our survey showed that both formal and informal financiers were willing to offer loans to digital drivers, knowing they would have regular revenue to service their debt.

    Buying a car was seen as a huge, dignifying accomplishment. One driver in the survey told us:

    Growing up, I thought vehicles were owned only by the rich, but now digital driving has provided a means for me to own one and earn the respect of society.

    David Muteru, then chairman of the Digital Taxi Association of Kenya, echoed this sentiment: “Owning a vehicle, that’s an asset”.

    Dignity not always guaranteed

    The dignifying value of order was only possible when app companies enforced their own rules and did so fairly. Drivers preferred the stringent rule enforcement of one major app over the lax enforcement of another, which made for more stressful and undignified interactions with riders.

    When the rules were enforced, drivers could be sure that the app company would help if a rider refused to pay or if there was a dispute with the client. Drivers felt the stricter environment kept bad actors out.

    Over time, though, app companies slashed prices, competing for market share. Drivers felt less respected by riders who saw them as desperate for money. Low fares pressed drivers to negotiate with riders for offline trips and higher rates, reintroducing the indignity of haggling.

    Lessons for the future

    Digitally mediated work raises many questions about labour standards.

    This research shows how important it is to keep local context in mind. Digital driving is not the same experience for drivers in every context. Where people suffer indignities and deprivations in the informal sector, digitalisation may offer gains. But this potential depends on rule enforcement and pay. Material and subjective dignity are intertwined.

    – Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges
    – https://theconversation.com/kenyas-ride-hailing-drivers-say-their-jobs-offer-dignity-despite-the-challenges-257845

    MIL OSI Africa

  • MIL-OSI USA: King Calls for Answers on Cancellation of Protected Status for Afghans Living in U.S.

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. – Today, U.S. Senator Angus King (I-ME), a senior member of the Senate Armed Services Committee (SASC) and long a fierce advocate to protect Afghans who supported and protected American troops, joined 28 of his Senate colleagues to call on the White House for answers on the cancellation of Temporary Protected Status (TPS) for those who served alongside America’s military. In a letter to Secretary of Homeland Security Kristi Noem and Secretary of State Marco Rubio, the Senators note the devastating impact of this decision, including on the many Afghans who supported the U.S. military during the war in Afghanistan and who face significant danger upon their return.
    “We write with deep concern about the Department of Homeland Security’s termination of Temporary Protected Status (TPS) for Afghanistan, which is scheduled to take effect on July 14, 2025. This decision is devastating for resettled Afghan nationals in the United States who have fled widespread violence, economic instability, challenging humanitarian conditions, and human rights abuses in their home country. Many of these Afghans fearlessly served as strong allies to the United States military during the war in Afghanistan, and we cannot blatantly disregard their service. We respectfully ask that you redesignate Afghanistan for TPS to ensure Afghan nationals in the U.S. are not forced to return to devastating humanitarian, civic, and economic conditions,” the lawmakers began.
    They continued, “The Secretary of Homeland Security ‘may designate a foreign country for TPS due to conditions in the country that temporarily prevent the country’s nationals from returning safely, or in certain circumstances, where the country is unable to handle the return of its nationals adequately.’  This is why, following the withdrawal of American troops and the return of the Taliban to power in Afghanistan, in May 2022 the U.S. designated Afghanistan for TPS.”
    “The grave conditions that forced Afghan nationals to flee and seek refuge in the U.S. following the return of the Taliban to power remain. Because of this harsh reality, forcing Afghan nationals in the U.S. to return to Afghanistan would be reckless and inhumane, and would threaten the safety and well-being of thousands of individuals and families, especially women and girls,” the lawmakers concluded.
    In addition to King, the letter was signed by Senators Chris Van Hollen (D-MD), Amy Klobuchar (D-MN), Angela Alsobrooks (D-MD), Tammy Baldwin (D-WI), Richard Blumenthal (D-CT), Corey Booker (D-NJ), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), Tammy Duckworth (D-IL), Dick Durbin (D-IL), John Fetterman (D-PA), Kristen Gillibrand (D-NY), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Tim Kaine (D-VA), Mark Kelly (D-AZ), Andy Kim (D-NJ), Ed Markey (D-MA), Alex Padilla (D-CA), Jack Reed (D-RI), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Adam Schiff (D-CA), Tina Smith (D-MN), Mark Warner (D-VA), Raphael Warnock (D-GA), Peter Welch (D-VT), and Ron Wyden (D-OR).
    Senator King has long supported the Special Immigrant Visa (SIV) program for America’s Afghan allies who assisted the U.S. government during the war in Afghanistan. More specifically, he cosponsored the Afghan Allies Protection Act to increase the number of authorized visas for Afghan civilians who risked their lives to support the U.S. mission, remove extraneous paperwork requirements and improve the program’s efficiency during the withdrawal of U.S. troops from Afghanistan. 
    The full text of the letter is available here and below.
    +++
    Dear Secretary Noem and Secretary Rubio:
    We write with deep concern about the Department of Homeland Security’s termination of Temporary Protected Status (TPS) for Afghanistan, which is scheduled to take effect on July 14, 2025. This decision is devastating for resettled Afghan nationals in the United States who have fled widespread violence, economic instability, challenging humanitarian conditions, and human rights abuses in their home country. Many of these Afghans fearlessly served as strong allies to the United States military during the war in Afghanistan, and we cannot blatantly disregard their service. We respectfully ask that you redesignate Afghanistan for TPS to ensure Afghan nationals in the U.S. are not forced to return to devastating humanitarian, civic, and economic conditions.
    The Secretary of Homeland Security “may designate a foreign country for TPS due to conditions in the country that temporarily prevent the country’s nationals from returning safely, or in certain circumstances, where the country is unable to handle the return of its nationals adequately.”  This is why, following the withdrawal of American troops and the return of the Taliban to power in Afghanistan, in May 2022 the U.S. designated Afghanistan for TPS.  In September 2023, the U.S. extended and redesignated TPS for Afghanistan. The Administration’s decision to terminate TPS for Afghanistan negatively impacts approximately 9,000 Afghan nationals.
    In your announcement, you state that “there are notable improvements in the security and economic situation such that requiring the return of Afghan nationals to Afghanistan does not pose a threat to their personal safety due to armed conflict or extraordinary and temporary conditions.”  But you also concede that threats of violence and terrorism, as well as humanitarian concerns, remain.  The Islamic State Khorasan Province (ISKP), the Afghan affiliate of the Islamic State (ISIS), continues to launch attacks against ethnic and religious minorities and against the Taliban, leading to innocent civilian casualties. If Afghan nationals are forced to return to Afghanistan, they will be caught in the crossfire between the Taliban and ISKP.  According to Human Rights Watch, in 2024, Taliban authorities intensified their crackdown on human rights, especially against women and girls. Women and girls are banned from attending secondary school or university and are unable to move freely. The Taliban also continues to detain and torture journalists, curtailing free speech and media. The 2023 U.S. State Department Human Rights Report covering Afghanistan found that women’s rights rapidly declined and restrictions on freedom of expression increased. The horrific human rights conditions in Afghanistan are unsafe for Afghan nationals to return to and returning would put their personal safety at immediate risk.
    We are also deeply concerned about the State Department Human Rights Report finding that widespread arbitrary and unlawful killings against officials associated with the pre-August 2021 government have occurred. Afghan nationals who assisted the U.S. military should not be put in harm’s way because they supported the U.S. in its fight against the Taliban. This would be a betrayal of those who bravely served alongside our servicemembers for nearly two decades.
    Afghan civilians still face devastating humanitarian and economic conditions. Over half of the population in Afghanistan needs urgent humanitarian assistance. Human Rights Watch reports that in 2024, 12.4 million people were facing food insecurity and 2.9 million were at emergency levels of hunger.  The World Bank also found that in Afghanistan, as of May 2025, “per capita income has stagnated, while poverty and food insecurity remain pressing challenges, exacerbated by high unemployment and restrictions on women’s economic participation.” 
    The grave conditions that forced Afghan nationals to flee and seek refuge in the U.S. following the return of the Taliban to power remain. Because of this harsh reality, forcing Afghan nationals in the U.S. to return to Afghanistan would be reckless and inhumane, and would threaten the safety and well-being of thousands of individuals and families, especially women and girls.
    In August 2021, Americans welcomed Afghan nationals at Washington Dulles International Airport in Virginia with open arms, and we refuse to turn our backs on them now.  We strongly urge you to reconsider your decision to terminate TPS for Afghanistan and ask that you respond to the following requests no later than two weeks of receipt of this letter:
    Please provide any reports that credibly determine that conditions have improved in Afghanistan since 2023. 
    The TPS termination announcement stated that “there are recipients who have been under investigation for fraud and threatening our public safety and national security.” Please provide additional details on how the Administration made this determination and how widespread these allegations of fraud and threats are.
    Describe the collaboration with the Department of Homeland Security and Department of State to reach the determination that Afghanistan no longer meets the conditions for designation for TPS.
    Please provide any reports that indicate the Taliban is no longer a threat to Afghan nationals that assisted the United States military during the war in Afghanistan.
    What steps are you taking to ensure that Afghan nationals who previously had TPS will not be sent back to persecution or torture in Afghanistan?
    Thank you for your attention to this urgent matter and we hope to receive your responses soon.

    MIL OSI USA News

  • MIL-OSI Video: WEIDE Fund: Partner in Mongolia

    Source: World Trade Organization – WTO (video statements)

    The Mongolian National Chamber of Commerce and Industry (MNCCI) signed a memorandum of understanding with the WTO and ITC on 4 June as a partner of the Women Exporters in the Digital Economy (WEIDE) Fund.

    MNCCI will support
    the WEIDE Fund’s operation in Mongolia, one of four countries which are part of the WEIDE’s Fund first activities.

    More info: https://www.wto.org/english/tratop_e/womenandtrade_e/weide_e.htm

    Download this video from the WTO website:
    https://www.wto.org/english/res_e/webcas_e/webcas_e.htm

    https://www.youtube.com/watch?v=B6BZ9kBttnk

    MIL OSI Video

  • MIL-OSI Video: Experts Explain | Daniel Susskind | How can we rethink growth?

    Source: World Economic Forum (video statements)

    Given the overlapping crises facing the world today—widening inequality, accelerating climate change, rising political instability, and slowing progress in poverty reduction—it’s no longer enough to ask whether economies are growing. We need to ask at what costs and in what ways.

    In our latest episode of Experts Explain, Oxford professor and author Daniel Susskind discusses how we found ourselves in today’s growth dilemma and why confronting today’s challenges demands a total rethink of prosperity, how we measure it and what we truly value.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=Cr0_u_YpVeg

    MIL OSI Video

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Luxembourg

    Source: IMF – News in Russian

    June 5, 2025

    • Luxembourg’s fundamentals remain strong and economic recovery is projected to slowly gain pace amidst external headwinds. Downside risks prevail in the short term.
    • Surprising on the upside, the fiscal balance improved to a surplus of 1 percent of GDP in 2024, boosted by one-off revenues. Given structurally high revenue volatility, prudent fiscal policy should be based on a more efficient use of fiscal space.
    • The financial sector is resilient, with well-capitalized and liquid banks. While the risks are manageable, the housing market, and other pockets of vulnerabilities should continue to be closely monitored.

    Washington, DC: On May 30, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV Consultation[1] with Luxembourg, and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    Luxembourg’s fundamentals remain strong, but its economic performance has been lackluster. Public debt is low and the 2024 FSAP found the financial sector sound and well-diversified. After contracting by 0.7 percent in 2023, GDP growth turned positive at 1 percent in 2024, mainly driven by public consumption. Private domestic demand though remained lackluster amidst tight financial conditions and a lack of confidence in the real estate sector. The labor market is cooling, following a sizeable increase in labor costs in past years. While the headline fiscal deficit showed a large improvement from one-off revenues, the underlying structural deficit has widened, reflecting a shift from temporary to permanent support. Financial conditions remain tight, and the financial cycle has not yet decisively turned. Despite some deterioration in asset quality, the financial sector remains resilient overall.

    An economic recovery is projected to slowly gain pace amidst external headwinds. Growth is projected to increase to 1.6 percent in 2025 and accelerate in 2026–27 supported by improved confidence and a gradual recovery in external demand. The unwinding of labor hoarding and lingering uncertainty would weigh on job creation and unemployment is likely to rise in the near term, before slowly declining to its historical average. Inflation is projected to decline to about 2 percent in 2025 and stay at that level over the medium term. Downside risks prevail in the short term, with headwinds from weaker external demand and tighter and/or more volatile financial conditions triggered by trade policy uncertainty, geopolitical tensions, and possibly higher interest rates for longer. Risks to growth are more balanced over the medium term, but fiscal risks are assessed to be high.

    Executive Board Assessment[3]

    Luxembourg’s recent economic performance has been lackluster and a projected recovery faces headwinds. Anchored in strong economic fundamentals, the economy is expected to gradually recover from a protracted slowdown. Yet, the global situation is fluid, and there are risks of setbacks stemming from weaker external demand and higher financial market volatility, alongside domestic challenges in the real estate sector and the labor market. Moreover, productivity has been declining, and Luxembourg faces fiscal pressures and risks. While Luxembourg’s current external position is assessed to be substantially stronger than the level implied by medium-term fundamentals, the assessment is subject to several limitations. The country’s specific economic features—a small open economy with a global financial center and a large share of cross-border workers —make the external position subject to significant volatility. This, together with the long-term challenges due to aging costs, call for more prudent policies while incentivizing private sector investment.

    Prudent fiscal policy calls for a more efficient use of fiscal space. For 2025, a less expansionary fiscal stance would have been welcome, given low fiscal multipliers and the need to make room for more private sector-led growth. There is scope for reviewing the effectiveness and targeting of current measures, while preserving possible savings from revenue overperformance or budget execution. The authorities’ medium-term expenditure path is broadly appropriate to accommodate future spending pressures, but should be underpinned by measures, which will require containing the growth of the wage bill, enhancing spending efficiency, and avoiding any further erosion of the tax base.

    There is scope for increasing revenue resilience. Luxembourg’s revenue performance depends to a large extent on a concentrated and volatile revenue base. Tax reforms should thus aim at diversifying revenue sources. This will help reduce volatility and uncertainty of fiscal receipts.

    Fiscal policies should be better anchored in a medium-term perspective. The public consultations on pension reform are welcome, as there is a need for early reforms, including reducing the generosity of benefits—the highest in Europe, increasing both the effective and statutory retirement ages, and a well-calibrated increase in contributions to minimize the negative impact on the labor market. Strengthening the medium-term fiscal framework would enhance policy predictability. The planned implementation of a national fiscal rule is welcome and should combine a debt anchor with a net spending ceiling that consider revenue uncertainty and allow appropriate flexibility. Additional reforms of the budgeting framework and strengthening of the fiscal council are necessary to make the new framework more effective.

    Risks in the financial sector, while manageable, should continue to be closely monitored. The financial sector appears broadly resilient. However, persistent solvency and liquidity risks in the corporate sector—especially in real estate—and the potential impact of rising financial market volatility warrant close monitoring. The authorities should continue ensuring adequate provisioning, collateral valuation, and loss absorption capacity. At the same time, continued oversight of the large nonbank financial sector—notably pockets of liquidity mismatches and leverage—and a better understanding of the intermediation role of the OFI sector should be prioritized.

    Macroprudential policy should remain agile. The current CCyB level is appropriate. Should the recovery firm up, the authorities should strengthen releasable capital buffers and address still elevated household indebtedness by introducing income-based measures in line with FSAP recommendations. In the event of continued credit pressure, some loosening of the CCyB could be envisaged. Capitalizing on the commendable progress in implementing the 2024 FSAP recommendations in the supervision of banks and investment funds, the authorities should strengthen the macroprudential policy framework.

    Structural reforms are needed to boost private sector-led growth and sustain living standards. Wage indexation has become a key constraint on competitiveness, and more labor market flexibility is called for. The authorities should also aim at boosting productivity and containing the cost of living by streamlining the regulatory and administrative burden, removing barriers to entry in some sectors, and addressing housing and infrastructure supply bottlenecks. Efforts should continue to capitalize on the country’s comparative advantages in AI adoption and financial sector development while minimizing potential costs of the transition. Recent measures to enhance technology diffusion and ongoing upskilling programs are welcome.   

    Table 1. Luxembourg: Selected Economic Indicators, 2023–26

    Est.

    Proj.

     

     

    2023

    2024

    2025

    2026

    Real Economy (percent change)

    Gross domestic product

    -0.7

    1.0

    1.6

    2.2

        Total domestic demand

    1.1

    0.1

    1.7

    2.6

        Foreign balance 1/

    -1.4

    1.1

    0.0

    0.4

    Labor Market (thousands, unless indicated)

        Unemployed (average)

    16.2

    18.0

    19.5

    20.1

             (Percent of total labor force)

    5.2

    5.7

    6.1

    6.2

        Total employment

    512.0

    517.8

    524.8

    533.9

             (Percent change)

    2.1

    1.1

    1.4

    1.7

    Prices and costs (percent change)

        GDP deflator

    6.3

    5.2

    2.6

    1.2

        CPI (harmonized), p.a.

    2.9

    2.3

    2.2

    2.1

        CPI core (harmonized), p.a.

    3.9

    2.5

    2.1

    2.1

        CPI (national definition), p.a.

    3.7

    2.1

    2.1

    2.0

    Public finances (percent of GDP)

        General government revenues

    46.2

    47.9

    47.4

    47.6

        General government expenditures

    47.0

    46.9

    48.3

    49.0

        General government balance

    -0.8

    1.0

    -0.8

    -1.3

        General government cyclically-adjusted balance

    0.0

    0.8

    -1.0

    -1.3

        General government structural balance

    1.8

    0.8

    -0.7

    -1.3

        General government gross debt

    25.0

    26.3

    26.7

    27.6

    Balance of Payments (percent of GDP)

    Current account

    11.2

    13.8

    8.8

    7.8

    Balance on goods

    0.4

    1.7

    1.8

    1.6

    Balance on services

    43.5

    43.6

    42.9

    42.0

    Net factor income

    -31.5

    -31.1

    -35.5

    -35.4

    Balance on current transfers

    -1.1

    -0.4

    -0.4

    -0.4

    Exchange rates, period averages

        U.S. dollar per euro

    1.08

    1.08

        Nominal effective rate (2010=100)

    105.3

    106.3

        Real effective rate (CPI based; 2010=100)

    98.7

    98.5

    Credit growth and interest rates

        Nonfinancial private sector credit (eop, percent change) 2/

    -2.9

    -4.7

    1.6

    3.8

        Government bond yield, annual average (percent)

    3.1

    2.7

    Potential output and output gap

    Output gap (percent deviation from potential)

    -1.4

    -2.0

    -2.1

    -1.6

    Potential output growth

    1.6

    1.7

    1.7

    1.7

      Sources: Luxembourg authorities; IMF staff estimates and projections.

      1/ Contribution to GDP growth.

      2/ Including a reclassification of investment companies from financial to non-financial institutions in 2015.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepare a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/luxembourg page.

    [3] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva-Maria Graf

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/04/pr-25177-luxembourg-imf-concludes-2025-art-iv-consultation

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Security: Florida Man Sentenced to Over Four Years in Prison for Embezzling $5.8 Million From Employer

    Source: Office of United States Attorneys

    Defendant cut his court ordered location monitoring device while on pre-trial release

    BOSTON – The former finance director of a Florida-based company has been sentenced in federal court in Boston for embezzling more than $5.8 million from his employer.

    Paul Schnitzer, 52, of Clermont, Fla., was sentenced by U.S. District Court Judge Leo. T. Sorokin to 54 months in prison to be followed by three years of supervised release. Schnitzer was also ordered to pay $5,831,829 in restitution and to forfeit various assets that he obtained through his crime, including the full balances of two financial accounts, subscription ownership shares in certain artwork, and up to $50,000 in cash on deposit with Bulgari, the luxury jeweler.

    Between January 2022 and May 2024, Schnitzer made over 100 transfers, most disguised as “equity distributions,” from his employer’s operating account into his personal account. He also secretly used a line of credit to replenish the company’s operating account after he had stolen from it and to transfer additional funds to his account. To hide these transfers, Schnitzer provided falsified financial reports with inflated cash balances for the company, to the Massachusetts-based investment firm that owned the company. He also spoofed email addresses and posed as representatives of the company’s bank and customers to send falsified confirmations to the company’s audit firms.

    While on pre-trial release, Schnitzer was arrested after cutting his location monitoring device in June 2024 and using a company credit card to make over $10,000 in purchases in August 2024.

    United States Attorney Leah B. Foley and Kimberly Milka, Acting Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney David M. Holcomb of the Criminal Division prosecuted the case. Assistant U.S. Attorney Carol E. Head, Chief of the Asset Recovery Unit handled the forfeiture aspects of the case.

    MIL Security OSI

  • MIL-OSI Security: Coral Springs Man Charged with Operating $158 Million Ponzi Scheme Through His Trucking Company, Sentenced to 23 Years in Prison

    Source: US FBI

    MIAMI – Sanjay Singh, 45, of Coral Springs, Florida, has been sentenced to 23 years in a federal prison for a $158 million investment fraud (Ponzi) scheme run through his over-the-road trucking company, Royal Bengal Logistics, Inc. (“RBL”).

    In November, a jury convicted Singh on all 8 counts of an indictment that alleged that he violated federal laws criminalizing conspiracy to commit wire fraud, wire fraud, and engaging in transactions in unlawful proceeds.

    According to the indictment, Singh, RBL’s founder and president, organized and ran a substantial Ponzi scheme with co-conspirators. The conspiracy began in January 2020 and was ongoing at the time of his arrest. Singh and his co-conspirators held RBL out to potential investors as a thriving and successful trucking business, all while RBL’s actual trucking business lost money. In the process, Singh and his co-conspirators made material misrepresentations and material omissions about the riskiness of investing in RBL, the profitability of RBL’s trucking operations, how RBL would pay its investors, and how RBL would use investor funds. Through these material misrepresentations and omissions, Singh and his co-conspirators raised over $158 million from investors, which Singh and his co-conspirators then used in part to pay existing investors promised returns.

    The indictment also alleged that Singh misappropriated millions of dollars of investor funds to renovate his home, make mortgage payments, pay for personal expenses, and trade stocks on margin.

    U.S. Attorney Hayden O’Byrne for the Southern District of Florida; Acting Special Agent in Charge Brett Skiles of the FBI, Miami Field Office; Special Agent in Charge Joseph Harris of the Department of Transportation Office of Inspector General (“DOT-OIG”), Southern Region; and Russell C. Weigel, III, Commissioner, Florida Office of Financial Regulation (“OFR”), made the announcement.

    U.S. Attorney O’Byrne commended the investigative efforts of the FBI, DOT-OIG, and OFR in this matter. He thanked the United States Securities and Exchange Commission Miami Regional Office for their assistance. Assistant U.S. Attorney Robert F. Moore and Roger Cruz prosecuted the case. Assistant U.S. Attorney Marx Calderon is handling asset forfeiture.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 23-cr-60117.

    ###

    MIL Security OSI

  • MIL-OSI: Columbus Circle Capital Corp I Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 9, 2025

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 05, 2025 (GLOBE NEWSWIRE) — Columbus Circle Capital Corp I (Nasdaq: CCCMU) (the “Company”) announced today that, commencing June 9, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “CCCM” and “CCCMW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “CCCMU.”

    Cohen & Company Capital Markets, a division of Cohen & Company Inc.’s broker-dealer subsidiary, J.V.B. Financial Group, LLC, acted as the lead book-running manager for the offering. Clear Street LLC acted as joint book-runner.

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

    About Columbus Circle Capital Corp. I

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any industry or geographical location.

    Forward-Looking Statements

    This press release may include, and oral statements made from time to time by representatives of the Company may include, “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. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact Information:

    Columbus Circle Capital Corp I

    Gary Quin, Chief Executive Officer

    gquin@cohencm.com

    The MIL Network

  • MIL-OSI: Davidson Kempner Capital Management LP : Form 8.3 – Aviva plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: Davidson Kempner Capital Management LP
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Aviva Plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    04/06/2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    Yes, Direct Line Insurance group PLC

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 32 17/19p ordinary
    (ISIN -GB00BPQY8M80)
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled:        
    (2)   Cash-settled derivatives:     10,815,442 0.4
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

        10,815,442 0.4

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    32 17/19p ordinary
    (ISIN -GB00BPQY8M80)
    CFD Increasing a short position 705,282 GBP 6.1000

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

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit

    (ii)        Exercise

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

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

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    None

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

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

    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 05/06/2025
    Contact name: Alex McMillan
    Telephone number: 646 282 5805

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

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

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

    The MIL Network

  • MIL-OSI Russia: IMF Staff Concludes Mission to Lebanon

    Source: IMF – News in Russian

    June 5, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

    • The IMF mission held productive discussions with the Lebanese authorities on a comprehensive economic reform program. Discussions are expected to continue, both from IMF headquarters and through follow-up missions.
    • Bank restructuring remains a critical priority to restore the health of the banking sector, move away from the cash-based economy, restart credit to the private-sector, and protect depositors to the maximum extent possible.
    • Given Lebanon’s substantial reconstruction needs, limited fiscal space, and lack of capacity to borrow, the country will require significant support from external partners on highly concessional terms.

    BEIRUT, Lebanon: At the authorities’ request, an International Monetary Fund (IMF) mission led by Ernesto Ramirez Rigo visited Lebanon from May 28 to June 5, 2025, to initiate discussions on policies and a reform program that could be supported by an IMF arrangement.

    At the conclusion of the mission, Mr. Ramirez Rigo issued the following statement:

    “The IMF mission held productive discussions with the Lebanese authorities on a comprehensive economic reform program aimed at restoring macroeconomic sustainability and supporting financing for reconstruction. These initial discussions covered several reform areas, including (i) restoring the viability of the banking sector and protecting depositors to the maximum extent possible, (ii) achieving fiscal and debt sustainability, while enhancing social safety nets and rebuilding institutional capacity, (iii) establishing credible monetary and exchange rate policy frameworks, (iv) strengthening governance and transparency, (v) enhancing the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime, and (vi) reforming state-owned enterprises.

    It was agreed that the rehabilitation of the banking system remains a critical priority to rebuild confidence in banks, move away from the current cash-based economy, and restart credit to the private-sector, which is necessary for growth. The authorities have made some progress recently, including the amendment of the Bank Secrecy Law and submission of a new bank resolution law to Parliament. The next step is for Parliament to approve this legislation, which will establish powers to underpin the recovery of orderly banking intermediation, while safeguarding the public interest. The mission also engaged with the authorities on their emerging bank restructuring and deposit recovery strategy. More work in close cooperation with the authorities will be needed to ensure this strategy is aligned with international standards and debt sustainability requirements.

    “The mission also discussed the 2026 Budget and the development of a medium-term fiscal framework. For the 2026 Budget, given the limited fiscal space and available financing, it is critical that any additional expenditures be fully offset by corresponding revenue efforts, including by strengthening enforcement and compliance in tax and customs administration. An ambitious medium-term revenue mobilization and expenditure rationalization strategy along with improved fiscal transparency and public financial management is needed to strengthen public finances and create space for increased social protection and capital expenditures. The medium-term fiscal framework should also support the restructuring of Eurobonds to restore debt sustainability. Given Lebanon’s substantial reconstruction needs, the authorities’ reform efforts will require significant support from external partners, preferably on highly concessional terms. Enhanced support to Lebanon is also needed to help the country shoulder the continued burden of hosting a large refugee population.

    “Building on these key reform pillars, discussions on formulating a comprehensive reform program are expected to continue, both from IMF headquarters and through follow-up missions. The mission reaffirmed the Fund’s commitment to supporting Lebanon during this challenging period, consistent with its mandate and policies.

    “The mission thanks the Lebanese authorities and all stakeholders for their cooperation and constructive engagement.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/05/pr-25182-lebanon-imf-staff-concludes-mission-to-lebanon

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: Up to $100M Available for Community Centers

    Source: US State of New York

    overnor Kathy Hochul today announced that funding is available from the new $100 million Building Recreational Infrastructure for Communities, Kids and Seniors (NY BRICKS) capital grant program. Governor Hochul secured this funding in the FY 2026 Enacted Budget to support municipalities and nonprofit organizations in building or renovating community centers that promote physical health, mental well-being, and community connections for youth and older adults. NY BRICKS will offer grants of up to $15 million to fund design, construction, renovation, and land acquisition for these centers. Priority will be given to projects in underserved communities, as well as those offering affordable services like childcare, eldercare, and mental health counseling. The program aims to make transformative, high-impact investments in local communities. This announcement builds on Governor Hochul’s ‘Unplug and Play’ initiative to get kids off of their phones by funding playgrounds, community centers, affordable sports programs and recreational opportunities.

    “Every New Yorker deserves a safe, welcoming space to grow, connect, and thrive,” Governor Hochul said. “We’re investing in the future of our communities — creating vibrant centers where kids can play, seniors can stay active, and families can access the support they need. This is about building more than infrastructure — it’s about building opportunity, equity, and well-being in every corner of our state.”

    As part of Governor Hochul’s FY 2026 Enacted Budget and State of the State proposals, NY BRICKS offers grants between $250,000 and $15 million to acquire, design, construct or reconstruct facilities, provide major renovations, improvements, and modernization or rehabilitation of community centers. The Request for Applications (RFA) for funding was posted today at dasny.org and parks.ny.gov.

    The application period for the NY BRICKS capital grant program will open on July 14, 2025 and applications must be submitted by August 15, 2025. Awards are expected to be announced no earlier than November 1, 2025. Applications will be evaluated on characteristics of projects’ need, impact, and viability. NY BRICKS grants will require applicants to provide a 20 percent matching contribution towards the overall project cost. Not-for-profit entities must receive approved prequalification status in the Statewide Financial System (SFS) prior to the submission of their application and must remain prequalified through the execution of the Grant Disbursement Agreement and payment of all requisitions.

    Dormitory Authority of the State of New York President and CEO Robert J. Rodriguez said, “DASNY is proud to administer NY BRICKS grants that will strengthen communities across New York State. These investments in community centers represent more than just buildings — they’re foundations for healthier, more connected neighborhoods. We thank Governor Hochul for her leadership in securing this critical funding that will help municipalities and nonprofits create spaces where families and communities can thrive.”

    New York State Office of Parks, Recreation and Historic Preservation Commissioner Pro Tempore Randy Simons said, “I applaud Governor Hochul for prioritizing strategic investments in New Yorkers’ mental and physical wellness. The NY BRICKS program will offer New York families more options to disconnect from life’s daily stresses and incorporate healthy activity into their lives. Our agency looks forward to working with DASNY to launch this initiative with community partners across the state and help New Yorkers enjoy the proven benefits that come with year-round recreation and physical activity.”

    State Senator José Serrano said, “As the Chair of the Committee on Cultural Affairs, Tourism, Parks and Recreation, I am a firm believer that community centers serve as a way to connect with one another and promote physical and mental well-being. The NY BRICKS capital grant program would help to expand much-needed services to people of all ages in today’s fast-paced world. My sincere thanks to Governor Kathy Hochul, the OPRHP, and DASNY for these transformative, high-impact investments in our communities.”

    Governor Hochul’s Unplug and Play Initiative
    The Governor’s new Unplug and Play initiative earmarks $100 million for the construction and renovation of community centers through the Build Recreational Infrastructure for Communities, Kids and Seniors (NY BRICKS); $67.5 million for the Places for Learning, Activity and Youth Socialization (NY PLAYS) initiative helping New York communities construct new playgrounds and renovate existing playgrounds; and an additional $90 million for the continuation of the Statewide Investment in More Swimming (NY SWIMS) initiative including $50 million for a competitive grant program supporting municipalities in the renovation and construction of swimming facilities and $40 million for other swimming-based investments. Additionally, “Get Offline, Get Outside,” is an initiative launched by Governor Hochul to promote physical and mental health by encouraging kids and families to put down their screens, take a break from social media, enjoy recreation and the outdoors, and put their mental and physical health first.

    The Governor’s Office, NYS Office of Parks, Recreation and Historic Preservation (OPRHP) and DASNY are committed to helping potential applicants prepare competitive applications. The open application question period begins on June 5, 2025, and all questions must be submitted via the NY BRICKS SurveyMonkey form accessible here. A webinar video will be posted on the NYS OPRHP and DASNY NY BRICKS websites (www.dasny.org and www.parks.ny.gov) on June 25, 2025. This video will address questions received by June 20, 2025 and review the RFA and application process. Questions received after the webinar video has been posted on June 25, 2025, and prior to 3:00 p.m. on June 27, 2025 will be made available on the same websites by July 11, 2025. Details regarding the submission of questions are provided in the RFA and on the NYS OPRHP and DASNY websites. All potential applicants are strongly encouraged to review the RFA, submit questions in writing, and view the Webinar as the NY BRICKS Grant Application process will be explained in the webinar video.

    MIL OSI USA News

  • MIL-OSI: Stamper Announces Proposed Brokered Private Placement of Subscription Receipts of BISP Exploration Inc.

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

    VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) — Stamper Oil & Gas Corp. (“Stamper” or the “Company”) (TSX-V: STMP) is pleased to announce that further to the Company’s press release dated May 14, 2025 announcing the entering into of an acquisition agreement dated May 12, 2025 with BISP Exploration Inc. (“BISP”) pursuant to which the Company will acquire all of the issued and outstanding common shares of BISP (the “Transaction”), BISP will undertake a “best efforts” brokered private placement of subscription receipts (the “Financing”).

    In connection with the Transaction, BISP has engaged Ventum Financial Corp. (the “Lead Agent”) to act as lead agent and sole bookrunner (on its own behalf and on behalf of a syndicate of agents which may be formed, and collectively with the Lead Agent, the “Agents”) in connection with the Financing of up to 80,000,000 subscription receipts (the “Subscription Receipts”) at a price of $0.20 per Subscription Receipt (the “Offering Price”) to raise gross proceeds of up to $16 million (the “Escrowed Funds”), which will be held in escrow by Endeavor Trust Corporation (the “Subscription Receipt Agent”). BISP has granted to the Agents an over-allotment option, exercisable at any time prior to the Closing Date (as defined below), to offer up to an additional 15% of the Subscription Receipts at the Offering Price. The Subscription Receipts will be issued pursuant to a subscription receipt agreement (the “Subscription Receipt Agreement”) to be entered into among BISP, the Lead Agent, and the Subscription Receipt Agent. Upon satisfaction of the escrow release conditions, which will be further outlined in the Subscription Receipt Agreement and include, but not limited to, satisfaction of all conditions precedent of the Transaction, each Subscription Receipt will entitle the holder thereof, without payment of any additional consideration and without further action on the part of the holder thereof, to one unit of BISP (a “BISP Unit”), and the Escrowed Funds, together with any interest earned thereon, will be released to BISP. If the escrow release conditions are not satisfied or waived within six (6) months of the Closing Date, the Subscription Receipts will be cancelled, and the Escrowed Funds, together with any interest earned thereon, will be returned by the Subscription Receipt Agent to subscribers on a pro rata basis.

    Each BISP Unit will consist of one common share in the capital of BISP (a “BISP Share”) and one-half (0.5) of one (1) common share purchase warrant of BISP (each whole warrant, a “BISP Warrant”). The BISP Shares and the BISP Warrants will then be exchanged for common shares of Stamper (on a post-Split (as defined herein) basis) (the “Resulting Issuer Shares”) and common share purchase warrants of Stamper (on a post-Split basis) (the “Resulting Issuer Warrants”), respectively, on a one-for-one basis. Each whole Resulting Issuer Warrant will be exercisable to purchase one post-Split Resulting Issuer Share at an exercise price of $0.35 for a period of 36 months from the closing date of Financing (the “Closing Date”). In connection with the Transaction, Stamper will subdivide the common shares in the capital of Stamper (the “Stamper Shares”) on the basis of 3.8 post-split Stamper Shares for each one (1) pre-split Stamper Share (the “Split”). All Stamper Shares issued in connection with the Transaction will be on a post-Split basis.

    BISP will pay the Agents a cash commission equal to 7.0% of the gross proceeds of the Financing which shall be reduced to 2.0% with respect to any subscriptions received from subscribers on the president’s list provided by BISP, such president’s list to be a minimum of $10,000,000 and up to a maximum of $12,000,000 in the aggregate (the “President’s List”), and issue broker warrants (the “Broker Warrants”) exercisable to acquire that number of BISP Units equal to 7.0% of the number of Subscription Receipts sold under the Financing, which shall be reduced to 2.0% with respect to any subscriptions from subscribers on the President’s List. Such Broker Warrants shall be exercisable at a price of $0.20 per BISP Unit, for a period of 36 months from the Closing Date. BISP will pay to the Agents, on the completion of the Financing, the cash commission and issue the Broker Warrants to the Agents. Provided the escrow release conditions are satisfied, pursuant to the Transaction, each Broker Warrant will be exchanged for one broker warrant of the Resulting Issuer, which shall entitle the holder thereof to subscribe for post-Split Resulting Issuer units on the same terms as the BISP Units. BISP will also reimburse the Agents for all reasonable expenses and fees incurred with respect to the Financing. BISP will have the right to include on the President’s List subscribers that will purchase up to 60,000,000 Subscription Receipts at the Offering Price for gross proceeds of up to $12,000,000.

    The Subscription Receipts will be subject to resale restrictions under applicable securities legislation. The Subscription Receipts will not be transferable under the laws of Canada, except pursuant to applicable statutory exemptions, until the date that is four months and a day after the date BISP becomes a reporting issuer in any province or territory of Canada. The Resulting Issuer Shares and the Resulting Issuer Warrants issuable upon the exchange of the BISP Shares and the BISP Warrants that are issued upon conversion of the Subscription Receipts will be freely tradeable for Canadian holders pursuant to applicable Canadian securities laws. The net proceeds of the Financing will primarily be used to fund the cash portion of the Transaction, fund exploration operations, to meet the working capital requirements of the Resulting Issuer, and for general corporate purposes.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or to any “U.S. Person” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”)) of any equity or other securities of the Company. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or under any state securities laws and may not be offered or sold in the United States or to a U.S. Person absent registration under the U.S. Securities Act and applicable securities laws or an applicable exemption therefrom. Any failure to comply with these restrictions may constitute a violation of U.S. securities laws.

    About Stamper Oil & Gas

    Stamper Oil & Gas Corp. (TSX-V: STMP) is an “Energy Commodity Focused” resource company, seeking to acquire interests in mineral and/or oil & gas resource properties focused on energy creation, storage or delivery. The Company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

    ON BEHALF OF THE BOARD OF DIRECTORS

    “Bryson Goodwin”
    Bryson Goodwin, President & CEO
    Chairman of Board of Directors

    For further information, please contact:
    Phone: 604-341-1531
    Email: brysongoodwin@shaw.ca

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

    Forward-Looking Statements

    This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward looking statements in this news release include the closing of the Financing and Transaction, the issuance of securities of the Company and the Resulting Issuer pursuant to the Subscription Receipts, and the anticipated use of proceeds of the Financing. Factors that could cause the actual results to differ materially from those in forward-looking statements include the receipt of regulatory approvals, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

    The MIL Network

  • MIL-OSI: 11th.com Named Tech Disruptor Finalist in the Wealth Management 2025 Industry Awards

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, June 05, 2025 (GLOBE NEWSWIRE) — 11th.com, the leading automated investor recovery platform for RIAs, announced today that it has been named a Finalist in the Wealth Management 2025 Industry Awards (the “Wealthies”) for Disruption in Investor Recovery Technology.

    11th.com Named Finalist for Tech Disruptor at the Wealth Management Industry Awards

    11th.com is a first-of-its-kind technology that automates the recovery of funds owed to investors from securities class actions and shareholder settlements. Built for RIAs, wealth managers, and financial institutions, it identifies, files, and collects eligible claims on behalf of their clients—with no manual effort required. 11th.com turns a historically overlooked process into a seamless, value-added service that strengthens client relationships and enhances firm growth.

    “We’re honored to receive this prestigious award from WealthManagement.com,” said Stan Vick, Founder & CEO. “Being recognized alongside some of the most influential players in wealth management reinforces our mission to modernize the recovery of billions in missed investor funds.”

    Now in its 11th year, the Wealth Management Industry Awards is the only awards program of its kind to honor outstanding achievements by companies, organizations, and individuals that support financial advisor success.

    A panel of judges made up of top names in the industry, led by WealthManagement.com director of editorial strategy and operations David Armstrong, chose the finalists and will determine the winners, which each year recognizes the firms and individuals who are bringing new innovations to market that make a real difference to the daily activities of financial advisors. Winners will be announced at a gala and awards ceremony in New York City on September 4th.

    “The Industry Awards are a beacon, illuminating the trailblazers and innovators who are shaping the future of the financial services industry,” said David Armstrong, director of editorial strategy and operations. “They serve as a leading indicator of future activity, and as a barometer for the dynamic ecosystem of companies and organizations that empower, support and enable advisor success who are driving the industry forward.”

    About 11th.com

    11th.com is the first technology platform that empowers RIAs and wealth managers to automatically recover funds from securities class actions and shareholder settlements. Through its patented engine, 11th.com has claimed over $250 million for more than 50,000 clients—including RIAs, wealth managers, and individual investors. Designed for scale, the platform handles unlimited clients and claims, no matter the legal or technical complexity.

    About WealthManagement.com

    WealthManagement.com, an Informa business, provides everything wealth professionals need to know to stay knowledgeable about the industry, build stronger relationships, improve their practice, and grow their business. WealthManagement.com offers financial services organizations a broad array of marketing services designed to help them influence the industry’s leading audience of wealth management professionals.

    Press inquiries

    11th.com
    https://11th.com
    Stan Vick
    pr@11th.com
    (302) 261-8626

    The MIL Network

  • MIL-OSI: Databricks and Noma Security Announce Partnership to Accelerate Enterprise AI Security

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, June 05, 2025 (GLOBE NEWSWIRE) — Noma Security, the unified AI security and governance platform, today announced a strategic partnership with Databricks, the Data and AI company, to address the challenge of balancing rapid enterprise AI innovation and adoption with robust AI security and governance.

    Noma Security also announced today a strategic investment from Databricks Ventures. This investment comes after Noma Security launched from stealth with a $32M Series A funding round led by Ballistic Ventures and Glilot Partners.

    “Many Databricks customers are already using Noma Security for security and governance across the AI lifecycle. The Noma Security platform directly addresses the AI security uncertainties that often hinder enterprise AI adoption,” said Andrew Ferguson, Vice President of Databricks Ventures. “Our partnership and investment underscore our commitment to equipping Databricks customers with trusted, secure AI solutions that accelerate innovation.”

    The partnership integrates the Noma Security end-to-end AI security and governance platform directly into Databricks AI environments, creating a comprehensive solution that secures AI systems from initial development through production deployment. This integration helps Fortune 500 organizations accelerate AI adoption while maintaining security, compliance, and governance standards required by emerging regulations like the EU AI Act.

    The integrated Noma Security and Databricks solution delivers value to innovative organizations and enterprise CISOs in these four categories:

    • AI discovery and governance for complete visibility into AI assets generating an AI bill of materials;
    • Secure AI by design through proactive vulnerability detection and automated policy enforcement through AI infrastructure and supply chain scanning, and AI red teaming;
    • AI runtime protection against prompt attacks and data leakage;
    • AI agent security covering complex AI agent architectures and MCP server scanning.

    “As enterprise organizations race to deploy AI at scale, security and governance is at the top of every CISOs priority list,” said Niv Braun, CEO and co-founder of Noma Security. “Our partnership with Databricks creates a comprehensive and secure AI environment for enterprise organizations – from supply chain protection to runtime monitoring to AI agent governance. Together, we’re enabling confident and responsible AI innovation.”

    The partnership also supports alignment with leading AI security frameworks including OWASP Top 10 for LLMs, MITRE ATLAS, and Databricks AI Security Framework (DASF 2.0), helping organizations prepare for evolving regulations such as the EU AI Act and achieve certifications like ISO 42001.

    Connect at Databricks Data + AI Summit next week
    Join Noma Security and Databricks at the Databricks Data + AI Summit in San Francisco, June 9-12, 2025, to see the integrated solution in action. Contact us to schedule time with our experts on site or if you can’t attend in person, request a demo.

    Attend the Databricks and Noma Security webinar on June 26
    Learn the top best practices to secure and govern AI using Databricks and Noma Security by registering for this joint webinar titled, “AI Security Best Practices to Confidently Accelerate Enterprise AI Adoption.” Register today and join Databricks and Noma Security experts on Thursday, June 26, 2025, at 11:00pm Eastern.

    About Noma Security
    Noma Security is the AI security and governance platform giving enterprise organizations the confidence to rapidly build and deploy AI at scale. Noma Security uniquely provides cybersecurity teams with control of AI risk through continuous discovery and inventory, supply chain security, red teaming, and runtime protection to ensure compliance and risk mitigation. Backed by Ballistic Ventures, Glilot Capital, Cyber Club London, Databricks Ventures and SVCI, Noma Security is widely adopted by Fortune 500 customers and has been recognized by Gartner as a leading AI TRiSM solution. For more information visit https://noma.security

    About Databricks
    Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more visit www.databricks.com

    The MIL Network

  • MIL-OSI: No KYC, 100x Leverage for All — Double Deposit Bonus & $50 Welcome Now on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 05, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin surpassed the $100,000 mark and subsequently stabilized above $100,000, many analysts believe that it will enter a long-term high-volatility market. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP,and 50+ others futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC and 1M USDT in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (Deposit greater than 0.001BTC or 100 USDT, complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com 

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6c8ebafa-00e4-4543-9b07-e65790e4713a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/828c2294-7355-42e4-8b31-3989f17b37ca

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9f37cd71-1603-4d60-9fef-38177448a291

    https://www.globenewswire.com/NewsRoom/AttachmentNg/329ecdb9-cda3-4d25-a997-e7755e463fb8

    The MIL Network

  • MIL-OSI: DNO Annual General Meeting Held; All Resolutions Passed by Shareholders

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 5 June 2025 – DNO ASA, the Norwegian oil and gas operator, today held its 2025 Annual General Meeting in Oslo, Norway. All resolutions received shareholder approval. The minutes from the meeting are attached.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    Attachment

    The MIL Network

  • MIL-OSI Global: A new observatory is assembling the most complete time-lapse record of the night sky ever

    Source: The Conversation – UK – By Noelia Noël, Senior Lecturer, School of Mathematics and Physics, University of Surrey

    On 23 June 2025, the world will get a look at the first images from one of the most powerful telescopes ever built: the Vera C. Rubin Observatory.

    Perched high in the Chilean Andes, the observatory will take hundreds of images of the southern hemisphere sky, every night for 10 years. In doing so, it will create the most complete time-lapse record of our Universe ever assembled. This scientific effort is known as the Legacy Survey of Space and Time (LSST).

    Rather than focusing on small patches of sky, the Rubin Observatory will scan the entire visible southern sky every few nights. Scientists will use this rolling deep-sky snapshot to track supernovae (exploding stars), asteroids, black holes, and galaxies as they evolve and change in real time. This is astronomy not as a static snapshot, but as a cosmic story unfolding night by night.

    At the heart of the observatory lies a remarkable piece of engineering: a digital camera the size of a small car and weighing over three tonnes. With a staggering 3,200 megapixels, each image it captures has enough detail to spot a golf ball from 25km away.


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    Each image is so detailed that it would take hundreds of ultra-high-definition TV screens to display it in full. To capture the universe in colour, the camera uses enormous filters — each about the size of a dustbin lid — that allow through different types of light, from ultraviolet to near-infrared.

    The observatory was first proposed in 2001, and construction at the Cerro Pachón ridge site in northern Chile began in April 2015. The first observations with a low-resolution test camera were carried out in October 2024, setting up the first images using the main camera, to be unveiled in June.

    Big questions

    The observatory is designed to tackle some of astronomy’s biggest questions. For instance, by measuring how galaxies cluster and move, the Rubin Observatory will help scientists investigate the nature of dark energy, the mysterious force driving the accelerating expansion of the Universe.

    As a primary goal, it will map the large-scale structure of the Universe and investigate dark matter, the invisible form of matter that makes up 27% of the cosmos. Dark matter acts as the “scaffolding” of the universe, a web-like structure that provides a framework for the formation of galaxies.

    The observatory is named after the US astronomer Dr Vera Rubin, whose groundbreaking work uncovered the first strong evidence for dark matter – the very phenomenon this telescope will explore in unprecedented detail.

    As a woman in a male-dominated field, Rubin overcame numerous obstacles and remained a tireless advocate for equality in science. She died in 2016 at the age of 88, and her name on this observatory is a tribute not only to her science, but to her perseverance and her legacy of inclusion.

    Closer to home, Rubin will help find and track millions of asteroids and other objects that come near Earth – helping warn astronomers of any potential collisions. The observatory will also monitor stars that change in brightness, which can reveal planets orbiting them.

    And it will capture rare and fleeting cosmic events, such as the collision of very dense objects called neutron stars, which release sudden bursts of light and ripples in space known as gravitational waves.

    What makes this observatory particularly exciting is not just what we expect it to find, but what we can’t yet imagine. Many astronomical breakthroughs have come from chance: strange flashes in the night sky and puzzling movements of objects. Rubin’s massive, continuous data stream could reveal entirely new classes of objects or unknown physical processes.

    The observatory is equipped with the world’s largest digital camera.
    RubinObs/NOIRLab/SLAC/DOE/NSF/AURA

    But capturing this “movie of the universe” depends on something we often take for granted: dark skies. One of the growing challenges facing astronomers is light pollution from satellite mega-constellations – a group of many satellites working together.

    These satellites reflect sunlight and can leave bright streaks across telescope images, potentially interfering with the very discoveries Rubin is designed to make. While software can detect and remove some of these trails, doing so adds complexity, cost and can degrade the data.

    Fortunately, solutions are already being explored. Rubin Observatory staff are developing simulation tools to predict and reduce satellite interference. They are also working with satellite operators to dim or reposition spacecraft. These efforts are essential – not just for Rubin, but for the future of space science more broadly.

    Rubin is a collaboration between the US National Science Foundation and the Department of Energy, with global partners contributing to data processing and scientific analysis. Importantly, much of the data will be publicly available, offering researchers, students and citizen scientists around the world the chance to make discoveries of their own.

    The “first-look” event, which will unveil the first images from the observatory, will be livestreamed in English and Spanish, and celebrations are planned at venues around the world.

    For astronomers, this is a once-in-a-generation moment – a project that will transform our view of the universe, spark public imagination and generate scientific insights for decades to come.

    Noelia Noël 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. A new observatory is assembling the most complete time-lapse record of the night sky ever – https://theconversation.com/a-new-observatory-is-assembling-the-most-complete-time-lapse-record-of-the-night-sky-ever-258231

    MIL OSI – Global Reports

  • MIL-OSI Video: President Lagarde presents the latest monetary policy decisions – 5 June 2025

    Source: European Central Bank (video statements)

    Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.

    Listen to President Christine Lagarde present today’s decisions. The statement also covers:
    • how the economy is performing
    • how we expect pri¬ces to develop
    • the risks to the economic outlook
    • the dynamics behind financial and monetary conditions

    Our monetary policy statement at a glance, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_june.en.html

    Christine Lagarde, Luis de Guindos: Monetary policy statement, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250605~f00a36ef2b.en.html

    Monetary policy decisions, 5 June 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250605~3b5f67d007.en.html

    Combined monetary policy decisions and statement, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250605~dc79b630e3.en.pdf?1ae87c3b33214537469188411c6fec52

    Macroeconomic projections, 5 June 2025 https://www.ecb.europa.eu/press/projections/html/ecb.projections202506_eurosystemstaff~16a68fbaf4.en.html

    European Central Bank
    https://www.ecb.europa.eu/home/html/index.en.html

    Published and recorded during our press conference on 5 June 2025

    https://www.youtube.com/watch?v=jX9VdQfDRbA

    MIL OSI Video

  • MIL-OSI United Kingdom: Wolverhampton Council first to use contactless technology for taxi and private hire driver licence checks

    Source: City of Wolverhampton

    Contactless technology has been introduced into driver’s ID cards, meaning passengers can view a digital version of their driver’s private hire or taxi driver licence simply by tapping the card with a Near Field Communication (NFC) enabled smartphone.

    This will provide reassurance about the driver’s identity and confirm to passengers whether their private hire or taxi licence is current and valid.

    Details of all taxi and private hire driver licences are held on the council’s driver database. The database is checked and revised every day, meaning information sent to the passenger will be accurate and up to date.

    Existing identity cards, used by taxi and private hire drivers across the country, are susceptible to being copied and used fraudulently which can pose a risk to passengers.

    But the new contactless ID cards, which will be used by the council’s licensed private hire and black cab drivers, contain a range of security features which make them extremely difficult to fake.

    These features include a hologram, optically variable inks and guilloche patterns, similar to those seen on banknotes and passports, as well as a number of other forensic features.  

    Most importantly, the technology they contain will enable passengers, police and other councils to verify the identity of the driver as well as their licence status.

    Many modern smartphones support NFC technology. It is most commonly used in contactless payments, to make secure transactions, exchange digital content, and to connect electronic devices. But this is believed to be the first time the contactless technology is being used to digitally verify a driver’s licence status.

    The new contactless ID cards have already been issued to around 15,000 drivers licensed by the council and have been tapped more than 40,000 times. Those renewing their licences over the next 3 years will receive their new ID cards in the post.

    Passengers are encouraged to tap their driver’s ID card, positioned in the front windscreen on the passenger’s side of the vehicle. The card can be tapped through the glass, before customers get in.

    Instant results will be available on the passenger’s smartphone. If the licence status shows as invalid, they are advised not to get in the vehicle and report the driver to the council.

    If passengers are unable to use the NFC function, they can check the driver against the council’s online registers at Online Licence Registers

    The cards have been developed in partnership with UK based firm Euclid, which specialises in contactless cards and ID cards. The company works with governments around the world on national identity and passport schemes.

    Councillor Bhupinder Gakhal, cabinet member for resident services at City of Wolverhampton Council, said: “Once again, Wolverhampton is leading the way by using cutting edge technology in taxi and private hire licensing.

    “We have worked with our supplier, Euclid, to create cards that use ingenious technology to improve the public’s trust in their drivers. This technology makes checking your driver’s licence and identity far simpler than calling the council and the security features in the card also make it much harder for potential fraudsters.

    “Not only do the new cards offer extra reassurance, they are also more environmentally friendly and prevent the need for tens of thousands of plastic licences to be printed every year.”

    Geoff Neal, managing director of Euclid Ltd, said: “Euclid has been delighted to offer their expertise in support of City of Wolverhampton Council on this exciting opportunity, bringing innovative enhancements to their Taxi Licensing service, especially in regard to improving safety for passengers, by giving them confidence that their driver is both genuine and licensed.” 

    If passengers have any concerns about their driver, they are encouraged to contact the council by calling 01902 55 TAXI (8294) or completing our webform at Taxi Complaints – Report a taxi driver.

    MIL OSI United Kingdom

  • MIL-OSI USA: Marine Economy Satellite Account, 2023

    Source: US Bureau of Economic Analysis

    The Marine Economy Satellite Account statistics released today by the U.S. Bureau of Economic Analysis show the marine economy accounted for $511.0 billion, or 1.8 percent, of current-dollar U.S. gross domestic product in 2023, an increase from $482.4 billion in 2022 (tables 2 and 3). The marine economy accounted for $826.6 billion, or 1.7 percent, of current-dollar gross output in 2023 (table 8).

    Real (inflation-adjusted) gross domestic product (GDP) for the marine economy increased 2.9 percent from 2022 to 2023 (table 1), compared with a 2.9 percent increase for the overall U.S. economy. Marine economy compensation increased 9.4 percent, or $19.1 billion, and employment increased 4.5 percent, or 111,000 full- and part-time employees.

    Today’s release also reflects updated statistics for 2014–2022. Gross output, value added, employment, and compensation were updated to include the results of the 2023 comprehensive update and the 2024 annual update of the National Economic Accounts, which includes the Industry Economic Accounts. The updated statistics reflect newly available and revised source data.

    Marine economy by activity

    To estimate the marine economy by activity, this satellite account reorganizes industry value added (or GDP) and gross output statistics and presents the data in a framework that reflects marine-related activities. Marine economy activities fall into the following 10 general categories:

    1. Living resources, marine
    2. Construction, coastal and marine
    3. Research and education, marine
    4. Transportation and warehousing, marine
    5. Professional and technical services, marine
    6. Minerals, offshore
    7. Utilities, coastal
    8. Ship and boat building, nonrecreational
    9. Tourism and recreation, coastal and offshore
    10. National defense and public administration

    Marine economy real gross output—principally a measure of the marine economy’s inflation-adjusted sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)—increased 3.5 percent, or $22.7 billion, in 2023 (tables 7 and 9). Marine economy activity highlights for 2023 include the following:

    • Tourism and recreation, coastal and offshore increased $8.6 billion, or 4.0 percent, to a level of $225.1 billion, making it the largest contributor to the growth in 2023 marine economy real gross output.
    • Minerals, offshore increased $6.8 billion, or 9.6 percent, to $77.2 billion, making it the second-largest contributor to the overall growth.
    • Living resources, marine increased $1.7 billion, or 5.1 percent, to $34.4 billion.
    • Ship and boat building, nonrecreational decreased $68 million, or 0.3 percent, to $19.5 billion, making it the largest offset to the overall growth in 2023 marine economy real gross output.

    Marine economy by industry

    Industry statistics show the contributions of industries to the marine economy, including their impact on value added (or GDP by industry), gross output, employment, and compensation.

    Marine economy industry highlights for 2023 include the following:

    • Government, as a share of marine economy current-dollar value added, was the largest industry group and accounted for 32.6 percent, or $166.4 billion (table 6), and was the largest industry group for compensation ($101.3 billion) and for employment (about 793,000 full- and part-time jobs).
    • Finance, insurance, real estate, rental, and leasing was the second-largest industry group as a share of the marine economy and accounted for 12.7 percent, or $64.7 billion, of current-dollar value added.
    • Transportation and warehousing accounted for 10.7 percent, or $54.7 billion, of marine economy value added.
    • Arts, entertainment, recreation, accommodation, and food services accounted for 10.3 percent, or $52.6 billion, of value added and was the second-largest industry group for employment (about 652,000 full- and part-time jobs) in 2023, with the second-largest level of compensation ($26.8 billion).

    The Marine Economy Satellite Account Estimation Methods

    The Marine Economy Satellite Account (MESA) measures the economic activity associated with the marine economy, identifies the industries responsible for producing these goods and services, and measures the output, value added, compensation, and employment associated with that production. Like other BEA satellite accounts, the MESA was built on BEA’s comprehensive supply and use framework. The supply and use tables (SUTs) provide a detailed look at the relationships among industries and how each industry contributes to GDP. In practice, the MESA is a rearrangement of the published SUTs with new estimation methods that isolate marine-related spending and production. A variety of private and public data sources were used to identify marine-related spending and production to develop the MESA estimates.

    An important feature of the MESA is the presentation of estimates of gross output and value added by marine economic activity, in addition to the standard presentation of estimates by industry. This allows for the marine economy to be better analyzed in areas where significant economic activity occurs across a variety of industries.

    The geographic scope of the MESA includes the Atlantic, Pacific, and Arctic Oceans within the Exclusive Economic Zone (approximately 200 nautical miles off the U.S. coast) as well as marginal seas, such as the Chesapeake Bay, Puget Sound, Long Island Sound, San Francisco Bay, and others. Also included is the U.S. shoreline directly along these bodies of water. Furthermore, the Great Lakes are included up to the international boundary with Canada.

    For additional information on the marine economy statistics as well as the data sources and methodology that underlie their preparation, refer to “Defining and Measuring the U.S. Ocean Economy.”

    The Marine Economy Satellite Account was produced in partnership with the National Oceanic and Atmospheric Administration.

    Data Availability

    The complete set of detailed annual statistics for 2014–2023 are available on BEA’s website. Statistics include data on marine economy gross output and value added presented by both industry and activity as well as employment and compensation presented by industry.

    For Marine Economy Satellite Account definitions and more, visit “Additional Information.”

    Next release: Spring 2026
    Marine Economy Satellite Account, 2024

    MIL OSI USA News

  • MIL-OSI: BTCC Exchange Enhances Demo Trading Feature with Self-Service Virtual Funding and Reward System to Support Crypto Beginners

    Source: GlobeNewswire (MIL-OSI)

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

    VILNIUS, Lithuania, June 05, 2025 (GLOBE NEWSWIRE) — BTCC, a leading cryptocurrency trading platform with 14 years of secure operations, has launched significant upgrades to its demo trading feature designed to better serve cryptocurrency beginners. The enhanced upgrade now allows users to independently top up their virtual funds while earning real rewards through completing various demo trading tasks.

    The upgraded demo trading feature introduces two key improvements that reflect BTCC’s commitment to making cryptocurrency trading more accessible. Users can now top up virtual funds by themselves, accessing up to 500,000 USDT per week without requiring approvals. This self-service feature allows traders to instantly access more funds, giving new users more opportunities to practice trading.

    Additionally, users can now complete demo trading tasks to earn trading fund rewards, which can be used to open positions in live trading. This innovative approach bridges the gap between demo and real trading, helping beginners transition more confidently while reducing their initial trading costs.

    “We recognized that learning crypto trading requires extensive practice, and while our previous 100,000 USDT virtual balance was already generous compared to other exchanges, we wanted to go further,” said Alex, Head of Operations at BTCC Exchange. “By allowing users to self-manage their virtual funds and earn real trading rewards, we’re empowering beginners to gain the comprehensive experience they need to succeed in live trading.”

    Dan Liu, CEO of BTCC, reinforced the platform’s commitment to user education: “At BTCC, we believe that true crypto adoption begins with understanding. This upgraded demo trading feature lowers the barrier to entry and gives new users the freedom to explore, learn, and grow—at their own pace, without pressure.”

    To celebrate the feature upgrade, BTCC is hosting a special Trade Your First Win demo trading competition on its official X account, featuring prizes including Amazon Gift Cards and additional bonuses.

    This upgrade reinforces BTCC’s mission to make crypto trading reliable and accessible to everyone. Since its establishment in 2011, BTCC has maintained an unmatched security record with zero security breaches over 14 years of operations. The platform continues to support beginners through comprehensive guides, copy trading feature, and extensive educational resources.

    The enhanced demo trading feature is now available to all BTCC users, further solidifying the platform’s position as a beginner-friendly cryptocurrency exchange focused on security, accessibility, and user education.

    About BTCC Exchange

    Founded in 2011, BTCC is one of the world’s longest-serving cryptocurrency exchanges, offering secure and user-friendly trading services to millions of users globally. With a commitment to security, innovation, and community building, BTCC continues to be a trusted platform in the evolving cryptocurrency landscape.

    Website: https://www.btcc.com/en-US

    X: https://x.com/BTCCexchange

    Contact: press@btcc.com

    The MIL Network

  • MIL-OSI: Fueling the Future of Finance: Bectran Launches a Mission-Critical AR Command Center

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 05, 2025 (GLOBE NEWSWIRE) — Bectran, Inc., the connected intelligence platform for end-to-end credit, collections, and AR management, has introduced a new Accounts Receivable (AR) Homepage — designed to meet the demands of modern receivable specialists who need clarity, speed, and control at every turn.

    The new homepage brings real-time visibility, task urgency, and risk signals into a single, centralized view. Built as a command post, it empowers finance professionals with the infrastructure necessary to act quickly, prioritize what matters, and stay ahead of risk.

    “We didn’t set out to redesign a screen — we set out to make accounts receivable more deliberate,” said Ali Kidwai, Bectran’s Head of Product & Engineering. “This homepage turns data into direction. It cuts the clutter, flags the risks, and sharpens focus on the tasks that matter most — helping every user operate with the urgency and precision today’s AR demands.”

    An Interface Designed for Action

    In today’s environment, the cost of disjointed systems and delayed action compounds quickly. Teams are often forced to work across various interfaces, pulling reports from one place, resolving disputes in another, and managing follow-ups through separate tools. As a result, critical insights are missed, handoffs are delayed, and the urgency of collections and approvals becomes overwhelming to manage at scale.

    To address these operational blind spots, Bectran has consolidated key receivable workflows into a single command center, providing clarity to both the state of the portfolio and the actions it demands. The AR Homepage presents two primary views: a live dashboard of portfolio activity, and a task feed organized by urgency. Performance signals — collections, claims, payments, order holds — are displayed alongside time-sensitive actions such as account reviews, failed payments, and pending approvals.

    By combining operational metrics with task-level visibility, teams gain immediate context without switching views or piecing together information from disparate systems. Each element is structured to reduce manual legwork in the decision-making process — whether releasing a hold, resolving a dispute, or identifying risk in the portfolio.

    “Rather than building another tool, we created a data-driven workspace that helps AR teams act faster and smarter,” said Louis Ifeguni, CEO of Bectran. “It streamlines decision-making without sacrificing control.”

    About Bectran 

    Bectran is the creator of Intelligent CreditOps — an enterprise-grade solution that modernizes the core of credit, collections, and receivables. While most finance tools are fragmented or retrofitted, Bectran offers a unified foundation purpose-built to automate routine and deeply analytical processes, connect real-time data, and scale credit operations with confidence.

    Trusted by finance teams at every stage of growth — from mid-market leaders to Fortune 100 enterprises — Bectran replaces manual, error-prone processes with intelligent, adaptable workflows across the order-to-cash cycle, giving companies the clarity, control, and confidence to drive growth without increasing risk.

    Contact

    Adam Coyner
    Marketing Specialist
    Bectran Inc
    (888) 791-6620
    PR@Bectran.com

    The MIL Network

  • MIL-OSI Economics: Samsung Launches Color E-Paper, Delivering High-Impact, Energy-Efficient Digital Signage for Businesses

    Source: Samsung

    Samsung Electronics today announced the global launch of its 32-inch Color E-Paper (EM32DX model), expanding its portfolio of energy-efficient digital signage solutions. Featuring advanced digital ink technology, this latest model delivers ultra-low power consumption, high visibility and a lightweight design, offering businesses a sustainable and flexible display alternative.
    “Samsung is committed to pushing the boundaries of display innovation with solutions that enhance engagement while reducing energy consumption,” said Hoon Chung, Executive Vice President of Visual Display Business at Samsung Electronics. “Samsung’s Color E-Paper empowers businesses with a highly efficient, customizable signage solution that combines sustainability and performance.”

    Energy-Efficient Digital Signage with Vivid Color
    With a fully charged integrated battery, users have the ability to install and use Color E-Paper freely without being connected to a power source. During content updates, the display still uses significantly less energy than LCD digital signage, which helps reduce operational costs.
    Equipped with QHD (2,560 x 1,440) resolution, Color E-Paper leverages Samsung’s advanced color imaging algorithm to optimize color accuracy and readability. This optimization softens the edges of the image while creating smoother and more vibrant colors for an eye-catching display resembling traditional paper posters and retail promotional stands. For businesses, Color E-Paper enables a seamless transition from printed materials to enhanced digital displays.

    “Businesses today are seeking versatile solutions to engage customers in effective ways while being mindful of their own energy use and impact,” said David Phelps, Head of Display Division, Samsung Electronics America. “With the launch of our new 32-inch Color E-Paper display, we’re helping organizations deliver dynamic, captivating content with an innovative alternative to printed materials—one that supports both their business objectives and sustainability goals.”
    Slim, Lightweight and Easy to Deploy
    Weighing only 5.5 lbs3 and measuring 17.9mm thick, the display allows for versatile placement on walls and from ceilings using the hanging accessories that come with it4. The display’s even bezels (13.9mm) on all sides of the display provide high usability in both landscape and portrait modes, while its Video Electronics Standards Association (VESA) mount compatibility further expands installation options and enhances convenience for businesses.

    With two USB-C ports, Wi-Fi, Bluetooth connectivity, and 8GB of onboard storage, the display offers seamless integration for businesses to manage their content with ease.
    Smart Content Management for Businesses
    Available on Android and iOS mobile devices,5 the dedicated Samsung E-Paper app allows users easy control to create content, schedule display times and set up content on Color E-Paper devices locally. Additionally, the Samsung VXT6 platform provides intuitive remote control and content management, allowing users to schedule content, adjust settings and manage multiple displays effortlessly.
    For enterprises, Samsung VXT supports real-time monitoring7 and centralized device management as well, streamlining content deployment across multiple locations. Powered by Samsung Tizen 8.0, businesses can integrate the display seamlessly into existing systems via Tizen Enterprise APIs.

    Additionally, as part of Samsung’s broader commitment to sustainability, the Color E-Paper is made with recycled materials8 and comes in paper-based packaging, reflecting the brand’s efforts to reduce environmental impact.
    For more information about Samsung Color E-Paper, please visit www.samsung.com/business.

    MIL OSI Economics

  • MIL-OSI Global: Rosemary has been linked to better memory, lower anxiety and even protection from Alzheimer’s

    Source: The Conversation – UK – By Dipa Kamdar, Senior Lecturer in Pharmacy Practice, Kingston University

    Anna Nahabed/Shutterstock

    Rosemary (Rosmarinus officinalis), the aromatic herb native to the Mediterranean, has long been treasured in kitchens around the world. But beyond its culinary charm, rosemary is also gaining recognition for its impressive health benefits, especially when it comes to brain health, inflammation and immune function.

    Research suggests rosemary may even hold promise in the fight against Alzheimer’s disease, the leading cause of dementia worldwide.

    Historically, rosemary has been linked to memory and mental clarity. In ancient Greece and Rome, students and scholars used rosemary in the hope of sharpening concentration and recall.

    Modern science is finding there may have been something in this: in one study, people who inhaled rosemary’s scent performed better on memory tasks compared to those in an unscented environment.

    So how does rosemary work on the brain? There are several mechanisms at play. For starters, rosemary stimulates blood circulation, including to the brain, helping deliver more oxygen and nutrients, which may improve mental clarity. It also has calming properties; some studies suggest its aroma can reduce anxiety and improve sleep. Lower stress can mean better focus and memory retention.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    Rosemary contains compounds that interact with the brain’s neurotransmitters. One such compound, 1,8-cineole, helps prevent the breakdown of acetylcholine, a brain chemical essential for learning and memory. By preserving acetylcholine, rosemary may help support cognitive performance, especially as we age.

    Another bonus? Rosemary is packed with antioxidants, which help protect brain cells from damage caused by oxidative stress – a major factor in cognitive decline.

    Rosemary is rich in phytochemicals, plant compounds with health-enhancing effects. One of the most powerful is carnosic acid, an antioxidant and anti-inflammatory agent that helps shield brain cells from harm, particularly from the kinds of damage linked to Alzheimer’s disease.




    Read more:
    Chronic stress contributes to cognitive decline and dementia risk – 2 healthy-aging experts explain what you can do about it


    In 2025, researchers developed a stable version of carnosic acid called diAcCA. In promising pre-clinical studies, this compound improved memory, boosted the number of synapses (the connections between brain cells), and reduced harmful Alzheimer’s related proteins like amyloid-beta and tau.

    What’s especially exciting is that diAcCA only activates in inflamed brain regions, which could minimise side effects. So far, studies in mice show no signs of toxicity and significant cognitive improvements – raising hopes that human trials could be next.

    Researchers also believe diAcCA could help treat other inflammatory conditions, such as type 2 diabetes, cardiovascular disease and Parkinson’s disease.

    Beyond brain health

    Rosemary’s benefits could extend well beyond the brain. It’s been used traditionally to ease digestion, relieve bloating and reduce inflammation.

    Compounds like rosmarinic acid and ursolic acid are known for their anti-inflammatory effects throughout the body. Rosemary may even benefit the skin – a review suggests it can help soothe acne and eczema, while carnosic acid may offer anti-ageing benefits by protecting skin from sun damage.

    Rosemary oil also has antimicrobial properties, showing promise in food preservation and potential pharmaceutical applications by inhibiting the growth of bacteria and fungi.

    For most people, rosemary is safe when used in food, teas or aromatherapy. But concentrated doses or extracts can pose risks. Consuming large amounts may cause vomiting or, in rare cases, seizures – particularly in people with epilepsy.

    There’s also a theoretical risk of rosemary stimulating uterine contractions, so pregnant people should avoid high doses. Because rosemary can interact with some medications – such as blood thinners – it’s best to check with a healthcare provider before taking large amounts in supplement form.

    Rosemary is more than just a kitchen staple. It’s a natural remedy with ancient roots and modern scientific backing. As research continues, particularly into breakthrough compounds like diAcCA, rosemary could play an exciting role in future treatments for Alzheimer’s and other chronic conditions.

    In the meantime, adding a little rosemary to your life – whether in a meal, a cup of tea, or a breath of its fragrant oil – could be a small step with big health benefits.

    Dipa Kamdar 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. Rosemary has been linked to better memory, lower anxiety and even protection from Alzheimer’s – https://theconversation.com/rosemary-has-been-linked-to-better-memory-lower-anxiety-and-even-protection-from-alzheimers-256920

    MIL OSI – Global Reports

  • MIL-OSI Global: Why Hulu’s The Handmaid’s Tale failed as feminist television

    Source: The Conversation – UK – By Roberta Garrett, Senior Lecturer in Literature and Cultural Studies, University of East London

    Warning: this article contains spoilers for all seasons of The Handmaid’s Tale.

    Hulu’s television adaptation of Margaret Atwood’s landmark 1985 feminist novel, The Handmaid’s Tale, has now come to an end.

    The series focused on female oppression within the imagined future religio-fascist state of Gilead. So, in light of the Donald Trump-led Republican party’s infringements on the reproductive rights of women, it seems appropriate that the first series launched in 2017, a year after Trump was elected, and the final series aired shortly after his current tenure began.

    Following Trump’s first election, the iconography of the handmaids’ costumes – hooded scarlet cloaks and white bonnets – were adopted as symbols of resistance at women’s rights protests around the world.

    The adaptation has been a popular and critical success. However, as I argue in The Routledge Handbook of Motherhood on Screen, despite its strong association with women’s protest movements, Hulu’s adaptation misrepresents the themes of Atwood’s biting feminist dystopia. In fact, it reinforces certain attitudes that Atwood, and other feminist writers and thinkers, have been criticising for decades.

    In particular, the series idealises white biological mothers, while demonising or marginalising other female figures. Here are three examples of how it does this.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    1. Childless women are bitter spinsters or wicked stepmothers

    Atwood’s novel focuses chiefly on the horror of the rape and forced impregnation of the handmaids. But Hulu’s adaptation gives more weight to the theme of maternal loss and the handmaids’ desire to keep their biological offspring.

    The characters of the television show evolve over six series. This means they require extended character arcs, backstories and more emphasis on psychology than the novel. Hulu’s adaptation evolved into a dark maternal melodrama, where the moral worth of female characters is tied to their ability to bear children.

    Like a traditional fairy tale, the adaptation depicts infertile women, older spinsters and adoptive mothers in an overwhelmingly negative light. They are frequently shown to be unfit mothers, or cruel women.

    Atwood’s novel uses relatively flat characterisation in order to accentuate Gilead’s authoritarian structure, rather than individual psychology or motivations. In contrast, Hulu’s The Handmaid’s Tale develops the character of Aunt Lydia (one of the older, childless women who train, bully and discipline the handmaids) and Serena Joy (the commander’s wife in the household that June is sent to) as central characters.

    The trailer for season six of The Handmaid’s Tale.

    Aunt Lydia’s (Ann Dowd) backstory in season three reveals that in her pre-Gilead life, she was a lonely, ageing school teacher who suffers sexual rejection. She responds to this by spitefully removing a child from the care of his loving but overworked young, single mother.

    The moral worth attached to fertile and infertile women in the series is even more evident in the treatment of Serena (Yvonne Strahovski). In the novel Serena is an outspoken advocate for traditional female roles. The series takes this further. It shows baby‑crazed Serena actively creating the laws of Gilead – and the handmaid system – to obtain a child. She was apparently made infertile after being shot by a protester during a speaking engagement.

    Serena is the series’ chief antagonist throughout the first four seasons. This changes in season five. Now pregnant, Serena finds herself at the mercy of another angry infertile woman who wants to steal her baby. Once pregnant, Serena mellows and becomes a more sympathetic character. This evolution can be seen to reinforce the idea that infertile women are unfulfilled, unhappy women who can only be redeemed through pregnancy and childbirth.

    In its overall view, the series presents the spinsterish aunts as sadists who delight in punishing the fertile handmaids, and the infertile commanders’ wives as cold and shallow. Unlike the sisterly handmaids, the latter secretly loathe one another. They appear to only value children as status symbols.

    2. It endorses intensive, ‘natural’ mothering

    As many feminist critics have pointed out, the model of child-rearing currently favoured by society is “intensive”, and endorses so-called “natural” practices and behaviour (such as unmedicated birth and extended breastfeeding). These place considerable pressure on new mothers.

    This mode of mothering is displayed by handmaid heroines June (Elisabeth Moss) and Janine (Madeline Brewer). They show no difficulty in bonding with babies produced through rape, breastfeed with ease, have an innate ability to comfort their offspring and – in June’s case – even successfully give birth entirely alone.

    In contrast, the adoptive mothers are cack-handed with their babies and quickly resent their maternal duties. This suggests that good mothering is the preserve of biological mothers, to whom it comes naturally.

    A recap of seasons one to five of The Handmaid’s Tale.

    3. It consigns black women to side roles

    Series one to three focuses largely on white handmaids. Although June’s husband (O-T Fagbenle) and best friend Moira (Samira Wiley) are black, they escape to Canada in the first season, so feature only minimally in the drama that follows. Black characters occupy minor roles as servants or nannies (known as “Marthas”), who are readily sacrificed by June in her child-saving crusade.

    June casually causes the execution of the Martha who cares for her first daughter by pestering her to allow her to make contact. The Martha pleads with her to stop, but June responds with her usual maternal piety: “You know I can’t stop.” As the audience barely knows the Martha, their sympathies are directed towards June. Her desire to see her daughter is presented as a legitimate reason to endanger the life of a black non-mother.

    Only Rita (Amanda Brugel), the Martha assigned to June’s household, has a consistent, if marginal, onscreen presence. Rita is a key part of the resistance movement, but her role as resistance fighter diminishes when June assumes leadership. As communications professor Meredith Neville-Shepard argues, Rita spends much of the later episodes thanking “white saviour” June for facilitating her escape to Canada.

    For these reasons, although The Handmaid’s Tale succeeds as a compelling female-centered drama, unlike Atwood’s novel, it foregrounds the rights of biological mothers over the issue of women’s reproductive choice. While Atwood criticised forced impregnation, Hulu’s Handmaid’s tale became increasingly invested in an idealised view of white “natural mothers” that is oppressive to many women.

    Roberta Garrett 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. Why Hulu’s The Handmaid’s Tale failed as feminist television – https://theconversation.com/why-hulus-the-handmaids-tale-failed-as-feminist-television-258122

    MIL OSI – Global Reports

  • MIL-OSI Global: How to design landscapes that enhance natural sounds and minimise noise pollution

    Source: The Conversation – UK – By Carlos Abrahams, Senior Lecturer in Environmental Assessment – Director of Ecoacoustics, Nottingham Trent University

    Superblocks in Barcalona, Spain, keep traffic noise to the periphery of residential areas. David Alf/Shutterstock

    Sounds are integral parts of any landscape. Think of the calls of grouse and curlew on the Pennine Moors. Wind sieving through reed beds in the Norfolk Broads. Church bells chiming out over the hustle and bustle of central London. Every locale across the Earth, beneath our oceans, lakes and rivers, and even underground, has its own distinctive “soundscape”.

    Soundscapes are created by a combination of biological sounds – the voices of birds, bats and insects – alongside environmental sounds from rainfall, waves crashing on the shore and low-frequency seismic rumbles. Layered over these natural sound sources are human-made noises from planes, trains, traffic and other elements of 21st-century life.

    This human-made noise can be so loud and so pervasive in some areas that it blocks the natural sounds that would otherwise be audible. This affects the behaviour and life cycles of wildlife, because many species rely on sound for breeding activity, social communication and predator detection. Masking these important signals can reduce breeding success and drive populations away from the disturbed habitats.

    Noise pollution also reduces our own health and wellbeing. Chronic noise exposure is linked to elevated stress levels, impaired cognitive function and an increased risk of cardiovascular disease. The damaging soundscapes of European urban areas contribute to 12,000 premature deaths and cost €40 billion (£34 billion) every year.


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    As soundscape researchers, we are trying to both understand and learn how to minimise the effects of noise on both wild nature and humans. Part of the solution involves adapting landscape design to build towns and cities that don’t just limit adverse noise pollution, but produce beneficial soundscapes. These can help people and wildlife engage with their surroundings and navigate more easily through them.

    For example, people might be drawn to vibrant chatter from a nearby street or use the sound of a river to place ourselves within the mental map of our neighbourhood. Paying attention to soundscapes within the landscape design process can create a stronger sense of place, linking us more closely to our surroundings.

    Many cities tackle noise at its source through urban design. In Barcelona, 57% of people are regularly exposed to excessive noise levels. The “superblocks” initiative – where motorised traffic is limited to peripheral roads around groups of buildings in the city – has allowed the pedestrianised inner streets to be opened up for people, planting and wildlife. This has created tranquil and rich local soundscapes and improved the population’s health in these areas.

    Landscape interventions, such as tree buffers, earth banks and noise walls, can limit noise propagation through the environment. At Buitenschot Park in the Netherlands, landscape architects have designed ridges or earth banks that absorb and disperse ground-level noise from the nearby Schiphol airport. These sculptural landforms were inspired by local observations that noise reduced with the ploughing of fields near the airport. The similar use of noise reduction surfaces, such as the low-noise asphalt currently being tested in Paris, also help to limit the spread of unwanted sound.

    Changes to the landscape also alter the perception of noise by the listener. Adding favourable sounds, such as flowing water, can draw attention away from traffic noise. Soundscape projects that include green spaces help increase biodiversity and engage citizens at the heart of the city. Some UK initiatives such as Bristol soundwalks and London’s Sounder City strategy involve the mapping of such quiet spaces to explain their purpose and encourage their use.

    Noise beyond cities

    Noise is not just an urban issue. Rural landscapes are adversely affected by agriculture, quarrying and tourism. Historically, rural landscapes have been afforded greater protection from noise than their urban counterparts. The UK national parks were originally designated to allow for the “quiet enjoyment”
    of countryside areas, while the tranquillity maps published two decades ago by the countryside charity Campaign to Protect Rural England sought to protect peaceful areas across the country.

    Today, rewilding and habitat restoration can play an important role in returning more natural soundscapes with a better balance of non-human and human soundmakers. Restoring wetlands, woodlands and grasslands increases vocalising species, like birds. This benefits both wildlife and people, enabling nature connection and improving environmental quality. By considering sound as a key element of sustainability and resilience, spaces can support biodiversity while enhancing the wellbeing and quality of life of the people in these communities.


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    Carlos Abrahams works for the ecological consultancy Baker Consultants Ltd and owns shares in Soil Acoustics Ltd. He has received research funding from Innovate UK in leration to soil ecoacoustics.

    Usue Ruiz-Arana 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. How to design landscapes that enhance natural sounds and minimise noise pollution – https://theconversation.com/how-to-design-landscapes-that-enhance-natural-sounds-and-minimise-noise-pollution-252859

    MIL OSI – Global Reports