NewzIntel.com

Category: Business

  • MIL-OSI Economics: Adriana D Kugler: Opening remarks

    Source: Bank for International Settlements

    Thank you, Olesya, and thank you for the invitation to speak to you today. It is such a pleasure to contribute to this conference.

    Our profession has increasingly recognized, especially after the Global Financial Crisis, that research in the interdisciplinary topics between macroeconomics and finance is indispensable both for monetary policy and for promoting financial stability. As a researcher myself, and having spent many years in academia, I place great value on the social contribution of research and its potential to improve policymaking.

    I want to express my appreciation for your efforts in using macro-financial data and theoretical models to enlighten us on several critical issues. For instance, let me cite a few topics of the conference that shed light on important issues:

    • The work on the transmission of monetary policy to both households and firms provides insights into how policy decisions ripple through the economy, a topic I recently addressed in a speech at the University of Minnesota. In this speech, I discussed my approach to monitoring monetary policy transmission and highlighted some of its key elements, such as the long and variable lags associated with policy effects.
    • The exploration of the neutral rate of interest-that which neither slows nor stimulates economic activity-provides another angle to this important concept. This is a topic I have addressed in previous remarks, and I am especially interested in the potential factors that can affect the neutral rate.
    • The work on how and why financial conditions faced by firms and households change with data releases and underlying macroeconomic conditions also enhances our grasp of the complex interplay between economic indicators and real-world financial experiences.
    • The research on the functioning of the Treasury securities market and how it is affected by regulatory constraints sheds light on a crucial aspect of our financial system.

    I commend you for pushing ahead with a research agenda that furthers our understanding of topics so relevant to our monetary policymaking.

    In the spirit of stimulating your research appetite, I’d like to mention some topics that have captured my attention recently. These represent emerging challenges and opportunities in the field, and I believe they warrant further investigation.

    First, recently, I have been paying attention to the possible interaction between the financial vulnerabilities of firms and their exposure to trade. As global economic tensions rise and supply chains evolve, understanding how a company’s financial health intersects with its international trade exposure becomes increasingly crucial. This research could provide valuable insights for both policymakers and business leaders navigating an uncertain global economic landscape.

    Second, lately, I have been monitoring the financial stability implications of the potential lower desirability of U.S. financial assets in flight-to-safety events. Traditionally, U.S. assets have been seen as a safe haven during times of global economic uncertainty. One notable example of this was during the Global Financial Crisis. However, we recently saw instances in which the VIX went up, stock prices went down, long-term yields from U.S. Treasury securities went up, and the U.S. dollar depreciated against the currencies of advanced foreign economies (AFEs), with a notable role for the euro. Importantly, the historical relationships and the observed moves in the VIX and interest rates of AFEs would have been associated with a decrease in long-term yields from U.S. Treasury securities and an appreciation of the dollar. As the global economic landscape shifts, it is crucial to examine how possible changes in the role of U.S. financial assets as a safe haven might affect financial stability both domestically and internationally.

    Lastly, I have been keenly interested, for some time now, in how stresses in the commercial real estate (CRE) sector could potentially spill over to the rest of the U.S. economy. The CRE sector continues to face challenges from low vacancy rates and valuation losses, especially in urban centers for the office sector. Another challenge is that some banks, insurers, and securitization vehicles continued to have concentrated exposures to CRE. As we have seen in past crises, such as the Global Financial Crisis, vulnerabilities in specific sectors can have far-reaching consequences for the financial system. Understanding potential vulnerabilities and potential domino effects are vital for maintaining overall economic stability and crafting preemptive policies.

    These, I believe, represent some of the most pressing questions facing our field today. They offer rich opportunities for groundbreaking research that could significantly influence future policy decisions.

    In conclusion, I want to reiterate my gratitude for the vital work you are all doing. Your research not only advances our understanding, but it also provides a solid foundation for informed policymaking. As we navigate the complex interplay of macroeconomics and finance in an ever-changing global landscape, the importance of your work cannot be overstated.

    I encourage you to continue pushing the boundaries of our knowledge, to ask the difficult questions, and to pursue the answers with rigor and dedication. Your efforts today will shape the policies of tomorrow, influencing the economic well-being of millions.

    Thank you for your attention, and I look forward to the insightful discussions and presentations that will unfold during this conference.

    MIL OSI Economics –

  • MIL-OSI Economics: Sarah Hunter: Joining the dots – exploring Australia’s economic links with the world economy

    Source: Bank for International Settlements

    Introduction

    I’d like to begin by acknowledging the Traditional Owners of the land on which we meet today, the Yuggera and Turrbal people of Meanjin and pay my respects to Elders past and present.

    And thank you to the Economic Society of Australia [Queensland Branch] for giving me this opportunity to talk to all of you.

    I’m sure many are familiar with the Lenin quote ‘There are decades where nothing happens; and there are weeks where decades happen’. It certainly feels like the last few months fit into the latter category. The broad-based nature of the proposed US tariffs, retaliation from major partners and other policy shifts all have the potential to structurally alter the world economy. As recently discussed by our Deputy Governor Andrew Hauser, what happens overseas matters for the Australian economy and is therefore a key factor in monetary policy settings.

    In the recently released Statement on Monetary Policy (SMP) we outlined our thinking on how recent developments will influence the Australian economy. To help us understand the implications for Australia, we have developed a framework that captures the key transmission channels and combined this with a set of alternative scenarios that flex key assumptions and judgements. Together they underpin our thinking about how this environment will flow through the global economy and how Australia is exposed.

    MIL OSI Economics –

  • MIL-OSI Russia: Experts will prepare NGOs for the Moscow Mayor’s grant competition

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Applications for participation have begunMoscow Mayor’s Grant Competition for socially oriented non-profit organizations (NPOs). To help participants, the network of NPO coworking centers has launched a special course. It includes classes in face-to-face and distance learning formats.

    “The Moscow Mayor’s Grant Competition is the largest city program to support social initiatives in a variety of areas: from charity and assistance to children to sports and ecology. Knowing the current requirements of the competition is a key factor in successfully submitting an application. That is why we are preparing for it, so that all participants have the best chance of winning,” she said.

    Ekaterina Dragunova, Chairman of the capital’s Committee for Public Relations and Youth Policy.

    Representatives of socially oriented NPOs planning to participate in the competition are invited to the classes. Experts will help refine an idea or a finished project, advise on how to correctly draw up an estimate and fill out an application in accordance with the requirements.

    Webinars, master classes and consultations

    First webinar will take place on June 4 at 16:00. Daria Veselova, Head of the Department for the Development of Volunteer Activities and Support of Charitable Organizations, will talk about the rules for accepting applications this year. Webinar participants will receive step-by-step instructions for preparing an application and a template for its execution.

    At the June 5 class, Angela Allayarova, head of educational programs at the Finance Department of the Institute of Management of the Russian Presidential Academy of National Economy and Public Administration, will talk about the structure of a successful project. Together with the participants, she will analyze typical mistakes made when applying for a competition. Starts at 16:00

    You can learn about the evaluation criteria and new requirements of the competition, as well as tools for measuring the project results at the webinar on June 9. Starts at 16:00.

    Since 2023, the Moscow Mayor’s Grant Competition has been fully digitalized: all stages from submitting an application to providing reporting documents are available to organizations in electronic format. Webinar June 10 will be dedicated to working in the electronic system. Participants will analyze the features, rules for filling out all sections of the application and requirements for attached documents. Start at 16:00.

    Check out webinar program You can on the website.

    In addition, the program of preparation for the competition includes in-person classes — master classes and educational intensives. They will be held at the sites of NPO coworking centers in different districts of the capital. For example, on June 16, the educational intensive will be held at the NPO coworking center of the Western Administrative District on Rublevskoye Highway (81, building 1). Maria Bolshakova, Chair of the Expert Council of the Moscow Mayor’s Grant Competition, will talk about the correct design of partner support letters. Participants will receive up-to-date information on the requirements and stages of the competition.

    The full schedule of in-person classes is on the website grantymera.dushevnaya.moskva in the section “Project Workshop”. During the preparation for the competition, applicants for the Moscow Mayor’s grant have access to free consultations by phone. You can ask your question on weekdays from 09:00 to 18:00 by calling: 7 495 657-65-38. In addition, for the first time this year, individual consultations will be held not only in person, but also online. Sign up and choose a convenient consultation format You can on the website.

    The competition preparation program is based on the network NGO coworking centers and will last until July 3.

    Sergei Sobyanin: More than 30 thousand NGOs are registered in MoscowMore than 380 events have been held at NPO coworking centers since the beginning of the year

    Grants from the Mayor of Moscow have been allocated for NPO projects since 2002. During this time, more than 3,600 social initiatives have been implemented for 10.5 million people. Participants have 12 nominations to choose from. The total budget of the competition is 600 million rubles. The grant amounts depend on the length of the NPO’s work in the capital and the scale of the projects: organizations with more than a year of experience receive up to five million rubles, with a registration period of six months – up to 500 thousand rubles. Last year, more than 900 people took part in the program to prepare for the competition.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154723073/

    MIL OSI Russia News –

  • MIL-OSI Russia: “Walk and Help”: A New Free Tour Has Been Prepared for Muscovites and Tourists

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    A new excursion of the project “Walk and Help” to places connected with charity has become available for citizens and tourists. The route “From Donskaya to Bolshaya Ordynka” runs along streets where buildings of hospitals, schools, shelters and almshouses founded by patrons of the past have been preserved.

    “Our tour is intended to pay tribute to the people who shaped the image of Moscow and society as a whole, who saved, treated and helped those who might not otherwise cope with life’s difficulties. The “Walk and Help” project is dedicated to them and their legacy,” said

    Ekaterina Dragunova, Chairman of the Committee for Public Relations and Youth Policy of Moscow.

    The tour is free and accessible. on the website. The route can be walked or cycled with an audio guide. The initiative’s partner is the Velobike company. Using a promo code inside the tour, you can get a discount on bicycle rental.

    The tour begins at the Donskoy Monastery, located at 1–3 Donskaya Square. The route then continues to the former Arnoldo-Tretyakov School for the Deaf, which today houses a children’s center. The route also includes the almshouse named after Alexei Ivanovich and Alexandra Kirillovna Kolesov, the former Alexander-Mariinsky School, which taught boys and girls of all classes, and the now-restored Martha and Mary Convent of Mercy, founded 115 years ago by Grand Duchess Elizabeth Feodorovna.

    The walk ends in Lavrushinsky Lane (house 3/8) – at the shelter for widows and orphans of Russian artists named after P.M. Tretyakov. Each point on the route map is associated with important names of past figures who devoted a lot of time to charity and good deeds.

    To listen to the tour, you need to turn on the audio guide on the websiteDuring the route, guests will be able to take more than 8.3 thousand steps or cover 6.7 kilometers by bike.

    The new excursion route “From Donskaya to Bolshaya Ordynka” was created by the project team “City of the caring” with the participation of Museum of Entrepreneurs, Patrons and Philanthropists.

    First excursion “Walk and help” invites you to take a walk around Kuznetskaya Sloboda. It gives you the opportunity to learn more about the history of the area and about charity in pre-revolutionary Moscow. Guests are told, for example, why Kuznetsky Most Street has such a name, where the first telephone exchange in the country was located, and also that the history of the Moscow trading house began with a romantic episode during the Napoleonic Wars.

    The “Walk and Help” excursions have become part of the “Atlas of a Philanthropist” project, a series of podcasts about how charity is organized and how it began. third season, which premiered in early May, the main characters are the descendants of patrons of the past. You can listen to the podcast on the website or on the Yandex Music and VK Music platforms (Podcasts section).

    You can learn more about charity and good deeds on the website and pages “Cities of the Caring” in social networks. The project was founded with the support of Committee for Public Relations and Youth Policy of the City of Moscow.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154757073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Moscow manufacturers have increased textile production by 32 percent since the beginning of the year

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the first quarter of 2025, Moscow factories increased the volume of production of interior, home and other types of textiles by 32 percent. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “The city continues to develop light industry on the instructions of Sergei Sobyanin. Today, there are over 340 enterprises operating in the capital, employing approximately 11.5 thousand people. The companies regularly increase the production of high-quality, in-demand products. According to the results of the first quarter of 2025, Moscow enterprises increased the production of textile products by 32.8 percent compared to the same period last year. The volume of shipments of such companies exceeded 8.13 billion rubles,” Maxim Liksutov emphasized.

    In particular, in January-March 2025, the production of textile fabrics increased by 42.9 percent. The capital’s enterprises produced more than 67 thousand square meters of finished fabrics and more than 43 thousand square meters of fabrics from synthetic and artificial fibers.

    “Light industry enterprises create new products and meet the growing demand of consumers. They produce tablecloths, towels, blankets, bed linen, tulle, curtains, bags and other products. In the first three months of 2025, Moscow companies produced a significant volume of products: more than five thousand quilted blankets, bolsters, pillows and poufs, more than 4.6 thousand travel blankets. These figures indicate the dynamic development of the industry and its ability to provide high quality and variety of goods for consumers,” said the Minister of the Moscow Government, head of the Moscow Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    In addition, Moscow enterprises increased the production of curtains and drapery fabrics by one and a half times.

    Thus, the capital’s manufacturer of interior products has increased its production volume by 15 percent since the beginning of the year compared to the same period in 2024. The company’s range includes roller and Roman blinds, pleated blinds and various types of blinds.

    Particular attention is paid to the quality of materials. All products are manufactured using components that are resistant to fading in the sun, have antibacterial and antistatic properties. For owners of country houses, special materials have been developed that are suitable for use on open verandas and in gazebos, and are resistant to atmospheric influences.

    The company is also actively developing the natural materials sector. The range now includes innovative paulownia slats, presented in a trendy color range: from classic white to noble black. Of particular value are brushed models, preserving the natural texture and grain of such wood species as ash, eucalyptus and teak.

    Textile production volume in Moscow increased by more than 10 percent

    Another Moscow enterprise produces high-quality table linen and home accessories from natural materials with designer embroideries and prints in the best traditions of family manufactories. Only natural fabrics are used in production – softened linen and cotton, which ensures comfort in use and durability of products. The range includes tablecloths, runners, napkins, placemats and other table decor items.

    Another capital company is engaged in the production of women’s fabric bags. In the first quarter of 2025, the enterprise increased production by two percent (compared to the same period last year). Every year, the enterprise produces more than five thousand units of products. The range includes a wide variety of products: from mini bags to large shoppers with different types of handles and fasteners, as well as children’s handbags, textile phone cases and knitted cotton blankets.

    Particular attention is paid to the environmental friendliness of production. Currently, they create products from fabric with water-repellent impregnation, and in the near future they plan to switch to an innovative material – fabric from recycled plastic. Eco-friendly and easily replaceable cardboard is used to seal bag parts.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154765073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Recycling and eco-doodle: what awaits guests of the eco-festival at the Southern River Station

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    On June 7, the already traditional eco-festival will take place at the Southern River Terminal, subordinate to the State Unitary Enterprise Mosgortrans.

    “On June 7, the Southern River Terminal will host a busy program. This day will be dedicated to caring for nature and active recreation. On the instructions of Sergei Sobyanin, we continue to develop environmentally friendly solutions in urban transport and introduce them to the residents of the capital,” said Deputy Mayor of Moscow for Transport and Industry

    Maxim Liksutov.

    On the first floor of the Southern River Terminal, visitors will be able to take part in the process of recycling plastic and make themselves memorable souvenirs from the Sborka eco-center. There will be a museum of recycling and eco-friendly lifestyle and a game library with board games.

    On the second floor, starting at 12:00, everyone will be able to see how useful resources are mined on the Moon, using the virtual reality simulator of the Main Directorate of the Ministry of Emergency Situations of Russia for the city of Moscow. In addition, guests will be able to take part in creative master classes at the Moscow Transport Museum on ecodoodle And creation of an eco-primer. You must register for the classes. At 15:00, children will be offered to make a mosaic picture from recyclable materials: plastic caps, pieces of fabric, parts of packaging and everything that can be found in pockets. At the master class, children will learn to look at the reasonable use of materials from a creative angle.

    At 12:30 in the conference hall, students from the National Research University Higher School of Economics will help make a collage from magazines in their master class. And at 14:00, an animation program with games, entertainment and gifts from the heroes of the animated series Turbosaurs will be held for young visitors.

    During the day, the library will host an educational quiz with souvenirs and a collection of used batteries for everyone.

    Throughout the day, visitors will be able to enjoy the recreation areas of the Velobike city rental service and the hypermarket chain. In addition, artists from the Music in the Metro project will perform here, and entertaining games such as Balansir and Shuffleboard will be held. Guests will be able to rent a bicycle. Representatives of the All-Russian public and state movement of children and youth, the Movement of the First, will remind about the rules for using personal mobility equipment, conduct interactive classes on road safety, and a master class on bicycle tourism.

    You can bring your own potted plant sprouts to the event and exchange them with visitors. During the day, anyone can take a photo with special guests – Electric Bus and Turbosaurus.

    Moscow is developing river transport. After the renovation, the Northern and Southern river terminals became key objects of the capital’s water transport. During the summer navigation, motor ships depart from their berths to dozens of cities and tourist centers of Russia.

    In addition, the Northern and Southern river terminals have become popular places for Muscovites and tourists to relax. Creative workshops, sports training, lectures, and film screenings for children and adults are held here all year round. City holidays are celebrated at the terminals and large-scale festivals are held.

    The capital has begun testing a new extra-large electric busTelegram bot will help city residents join the waste separation program

    GUP Mosgortrans takes an active part in maintaining the city’s ecology. The company is developing a network of environmentally friendly urban transport. Electric buses already carry passengers on 200 routes. Replacing even one bus with innovative electric transport reduces carbon dioxide emissions by more than 60 tons per year.

    Get the latest news quickly official telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154795073/

    MIL OSI Russia News –

  • MIL-OSI New Zealand: Guidance to develop your Investment Plan

    Source: Tertiary Education Commission

    On this page:

    Resources for developing your Plan
    Our role at the Tertiary Education Commission (TEC) is to make high-quality investment decisions that support the tertiary education system to deliver quality learning, and equip learners, employers, industry and communities for economic and social success.
    We provide resources to help tertiary education providers develop their Investment Plans:

    When creating your Plan, you should read Plan Guidance, the Investment Plan Gazette notice, and Supplementary Plan Guidance alongside each other.
    This year we have published the Response Framework for Educational Delivery and Performance. It describes the TEC process for managing educational delivery and performance where it needs to improve.
    You can also find templates for the strategic intent and learner success parts of your Plan, as well as our newly developed Disability Action Plan progress update template.

    All these documents should inform your discussions with your Relationship Manager or our Customer Contact Group.
    Please refer to Plan Guidance and Supplementary Plan Guidance, once available, for our investment information.
    Plan Guidance 2026
    Plan Guidance is an important document that provides information about what providers need to submit in their Investment Plan, how we will assess it, and our priorities for investment.
    Plan Guidance for providers submitting Plans for funding from 1 January 2026 (PDF 8.5 MB)
    Supplementary Plan Guidance
    Supplementary Plan Guidance will provide you with further information to support you to develop your Investment Plan and any relevant Budget 2025 information. This will be available in June 2025.
    Investment Round Timeline

    Activity
    Timing

    TEC publishes notice in the New Zealand Gazette setting out requirements for Plan content, timetable, assessment and Plan summaries
    Early March 2025

    TEC releases Plan Guidance, and Plan engagement begins
    Early March 2025

    Government announces Budget 2025
    May 2025

    TEC provides indicative allocations
    From 3 June 2025

    TEC releases Plan-related templates
    From 9 June 2025

    TEC publishes Supplementary Plan Guidance to reflect any policy or Budget changes
    June 2025

    Providers submit proposed Plans
    By 4 July 2025

    TEC reviews proposed Plans and has further discussion with providers as needed
    July–October 2025

    Providers are notified of decisions in writing
    From November 2025

    First payment made against Plans: Plan delivery begins
    January 2026

    Gazette notice 2025 for investment in 2026
    The Gazette notice is a legal instrument where the TEC sets criteria for the content of Investment Plans, Plan summaries, the submission process, the timetable, and how Plans will be assessed. These are published in the New Zealand Gazette and on our website.
    2025 Investment Plan Gazette notice for investment in 2026 – TEC website
    2025 Investment Plan Gazette notice for investment in 2026 – Gazette.govt.nz

    Templates
    Many of the templates you require for drafting and submitting your Plan (for example Mix of Provision (MoP) templates) are available in DXP Ngā Kete.
    Please refer below for other relevant templates.
    Strategic Intent template
    Template for Strategic Intent section of Investment Plans for Investment in 2026 (DOCX 338 KB)
    Tertiary education organisations (TEOs) can use this template to structure the strategic intent component of their Investment Plan (Plan). It sets out the requirements for proposed Plans and ensures we have all the information we require to make informed investment decisions.
    Who needs it: All providers submitting a full Investment Plan must submit a Strategic Intent.
    Submission deadline: By 4 July 2025
    Learner Success Plan template
    Template for Learner Success Plans for Investment from 2026 (DOCX 279 KB)
    TEOs are encouraged to use the template, or to use the headings provided to guide their own document. To help you complete your Learner Success Plan we have provided the following guidance:
    Guidance for TEOs submitting Learner Success Plans for funding from 2026 (PDF 383 KB)
    This includes what you need to consider in each section of your submission.
    Who needs it: TEOs must submit a Learner Success Plan if they:

    receive $5 million or more in on-Plan funding in 2025
    do not currently have a Learner Success Plan, and
    are submitting a full Plan (including a Strategic Intent this year).

    Submission deadline: By 4 July 2025.
    Learner Success progress update template
    Template for Learner Success Progress Update for Investment from 2026 (DOCX 279 KB)
    TEOs are encouraged to use the template, or to use the headings provided to guide their own document. To help you complete your Learner Success progress update, we have provided the following guidance:
    For guidance for TEOs submitting a progress update, see:
    Guidance for TEOs submitting Learner Success Plans for funding from 2026 (PDF 383 KB)
    This includes who needs to submit an update and what you need to consider in each section of your submission.
    Who needs it: TEOs must submit Learner Success progress updates if they:

    receive $5 million or more in on-Plan funding in 2025  
    have a current Learner Success Plan, and
    are submitting a full Plan (including a Strategic Intent this year).

    Submission deadline: By 4 July 2025. 
    Disability Action Plan progress update template
    Template for Disability Action Plan progress update for Investment from 2026 (DOCX 277 KB)
    TEOs are encouraged to use the template, or to use the headings provided to guide their own document. To help you complete your Disability Action Plan (DAP) progress update, we have provided the following guidance. This also supports TEOs developing a DAP for the first time:
    Guidance for TEOs submitting Disability Actions Plans (DAP) or a progress update from 2026 (PDF 424 KB) 
    Who needs it: TEOs must submit a Disability Action Plan progress update if they:

    receive $5 million or more in on-Plan funding in 2025
    have a Disability Action Plan, and
    are submitting a full Plan (including a Strategic Intent this year).

    Submission deadline: By 4 July 2025.
    New provider process
    The process for providers wishing to apply for TEC Investment Plan (“on-Plan”) funding for the first time is outlined at Application to receive TEC funding.
    You need to contact us before applying.
    Who needs it: Any TEO that has not received on-Plan funding in the last 12 months.
    Submission deadline: By 4 July 2025. 

    Additional funding information
    For more information on 2025 in-year additional funding, see 2025 in-year additional funding requests.
    Submitting your documents
    All your Plan documents, including your Strategic Intent, Learner Success Plan, Disability Action Plan, MoPs and Educational Performance Indicator Commitments (EPICs) must be submitted through DXP Ngā Kete.
    Please do not submit these documents by email, as this can result in delays.
    Additional resources to support investment plans
    Introduction to the TEC’s investment process
    This process describes TEC’s investment process, as well as who’s responsible for each part of the process and what the different stakeholders in the system do. It is designed to support TEOs and other stakeholders to understand how the investment process works.Investment Framework for Learner (Delivery) Funds
    The Investment Framework for Learner (Delivery) Funds describes the current way we make investment decisions, what goes into our decision-making, and examples of how this works in practice.
    Response Framework for Education Delivery and Performance
    This describes how we manage performance where it needs to improve. It describes the information we consider in making a response decision, what other factors affect these decisions, and what options and levers we use. It provides greater transparency about what to expect if your performance needs to improve.Learner Success Framework
    This provides a blueprint for developing and implementing learner-centric operating models. It provides you with tools to understand your learners and address why and how your organisational model supports (or does not support) learner success.
    Kia Ōrite Toolkit – achieving equity for disabled learners
    The Kia Ōrite Toolkit provides current, New Zealand-specific guidance to help tertiary education organisations better support disabled learners.
    Previous year resources

    MIL OSI New Zealand News –

  • MIL-OSI Russia: US sanctions against Brazil’s Federal Supreme Court judge ‘unacceptable’ – L.I. Lula da Silva

    Translation. Region: Russian Federal

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

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

    SAO PAULO, June 4 (Xinhua) — Brazilian President Luiz Inacio Lula da Silva on Tuesday called the U.S. visa restrictions on Brazil’s Supreme Federal Court (SFC) judge Alexandre de Morais “unacceptable.”

    “It is unacceptable for the president of any country to comment on decisions made by the Supreme Court of another country,” the head of state said at a press conference.

    Recall that a few days ago, US Secretary of State Marco Rubio announced new visa restrictions for foreign officials accused of “censorship against American citizens or companies.” A. de Morais, who in 2024 suspended access to the social network X (formerly Twitter) due to non-compliance with Brazilian law, clearly falls under Washington’s new visa policy.

    L.I. Lula da Silva promised to defend A. de Morais and any Supreme Court judge facing sanctions.

    A. de Morais is currently trying the case against former Brazilian President Jair Bolsonaro, who is accused of attempting a coup d’état on January 8, 2023. The politician’s son Eduardo, a federal deputy currently living in the United States, called on Washington to impose sanctions against the judge.

    “It is regrettable that a Brazilian congressman, the son of a former president, calls for foreign interference in our internal affairs. This is serious. It is unpatriotic – it is a terrorist act,” said L. I. Lula da Silva.

    E. Bolsonaro is under investigation in Brazil for obstructing justice and pressuring officials by involving the United States in the A. de Morais case. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Gasoline and diesel prices rise in China

    Translation. Region: Russian Federal

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

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

    BEIJING, June 4 (Xinhua) — China’s National Development and Reform Commission (NDRC) on Tuesday announced a price hike for gasoline and diesel fuel.

    Due to changes in prices on the international oil market, retail prices of gasoline and diesel fuel will increase by 65 yuan (about $9.04) and 60 yuan per ton, respectively, from Wednesday, the department said.

    The department demanded that leading Chinese oil companies, including PetroChina, Sinopec and CNOOC, make efforts to ensure stability of market supplies and implement this pricing policy throughout the country.

    The committee said that in order to ensure order in the market, relevant departments in various regions should take strict measures to curb activities that violate national pricing policies, the department said in a statement. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ21: Employees Retraining Board courses

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Chan Pui-leung and a written reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (June 4):
     
    Question:
     
         Training courses of the Employees Retraining Board (ERB) offered by the appointed Training Bodies (retraining courses) aim at assisting service targets in entering the employment market and continuously upgrading their skills. It has been reported that at present, the ERB had a balance of over $13 ‍billion but an annual deficit of about $800 million to $900 million, which has aroused public concern about issues such as the effectiveness and coverage of its courses, as well as the adequacy of its financial resources in the long run. In this connection, will the Government inform this Council:
     
    (1) whether it knows the overall placement rate of trainees who had completed retraining courses in each of the past three years, together with a breakdown by training course;
     
    (2) whether it knows if the ERB has followed up on a long-term basis the employment situation of trainees who have completed placement-tied courses and collected the relevant data (e.g. the average time taken to successfully secure employment, the proportion of trainees who have not successfully secured employment and the reasons for that); whether the ERB has provided trainees with the relevant employment advice; if the ERB has, of the details; if not, the reasons for that;
     
    (3) as it is learnt that some people have repeatedly attended retraining courses for the purpose of applying for retraining allowance, leading to abuse and waste of resources, whether the Government has followed up in this regard; if so, of the details; if not, the reasons for that;
     
    (4) as there are views that the contents of some retraining courses are overlapping and outdated, whether the Government knows if the ERB will consider keeping abreast of the times and further enhancing the courses, as well as adding more relevant courses to tie in with the current market demand; if the ERB will, of the details; if not, the reasons for that;
     
    (5) whether the Government has assessed the effectiveness of retraining courses; as there are views pointing out that the enrolment rate of young people in retraining courses is relatively low, how the authorities promote and attract trainees of different age groups to enrol in such courses; and
     
    (6) given that the ERB currently has an annual deficit of about $800 million to $900 million, how the Government ensures its long-term financial sustainability so that it can continue to provide retraining courses?

    Reply:
     
    President,
     
         Since its establishment in 1992, the Employees Retraining Board (ERB) has been playing an important part of the training strategy for the labour force. The 2024 Policy Address announced the reform of the ERB to enhance its role and positioning from providing employment-related training for low-skilled workers to devising skills-based training programmes and strategies for the entire workforce. Since January 2025, the ERB lifted the restriction on educational attainment of trainees and expanded the service targets to the entire workforce; increased the annual number of training places by at least 15 000; strengthened collaboration with higher education institutions and leading enterprises, etc; and enhanced career planning and job matching services, etc. In addition, the ERB is working out the details and timetable for medium- to long-term work, including how it could gauge and project future skills requirements, reposition itself and build a new branding, adjust its structure and staffing and amend the Employees Retraining Ordinance (the Ordinance). The ERB will submit its recommendations by the end of this year.
     
         The ERB’s operation is funded by the Employees Retraining Fund (ERF) under its administration. At present, the major sources of income of the ERF are investment return, Employees Retraining Levy (Levy) and course fees. In 2014, the Government injected $15 billion into the ERF for generating investment income to finance the services and operation of the ERB. In addition, the Government injected $2.5 billion into the ERF in 2020 to enable the ERB to implement the “Love Upgrading Special Scheme” and to meet the anticipated commitment arising from the increase in the statutory cap of monthly training allowance per trainee. On the Levy, all employers of workers imported under the labour importation schemes designated under the Ordinance are required to pay the Levy. The Levy is transferred to the ERF for the provision of training and retraining to local workers. In 2021-22 to 2023-24, the average annual Levy income was around $59 million. The ERB has to optimise the use of the Government injection and strive to operate on a financially sustainable basis with due regard to cost effectiveness.
     
         On the Member’s question, in consultation with the ERB, my reply is as follows:
     
    (1) and (2) At present, the ERB provides three main types of training courses, namely placement-tied courses, skills upgrading courses and generic skills courses. Of these, placement-tied courses are tailored for the unemployed to assist them in acquiring industry-specific vocational skills to enhance their employability.
     
         Training bodies appointed by the ERB provide three to six-month placement follow-up services to all trainees who completed placement-tied courses (i.e. with an attendance rate of at least 80 per cent), such as provision of job vacancy information, arrangement of placement counselling and recruitment activities, to help them enter the employment market. In light of the reform measures recommended in the 2024 review, the ERB has strengthened its career planning and job matching services, etc. The ERB will explore ways to enhance the level of its career planning and employment support services, thereby providing more comprehensive career development support for its service targets.
     
         The employment decisions of trainees are affected by multiple factors such as the prevailing market situation, family factors and personal plans. In the past three years (2022-23 to 2024-25), the overall placement rates of ERB’s placement-tied courses were above 80 per cent. The ERB is unable to breakdown the placement rate by training courses as the number of such courses is substantial.
     
    (3) At present, retraining allowance will be provided for full-time placement-tied courses with duration of seven days or more to subsidise trainees’ expenses for transport and meals during the period for attending the courses, with a view to encouraging and supporting citizens in receiving training. Trainees in placement-tied courses are required to pass the interviews conducted by training bodies to ascertain their intention to engage in employment. Only trainees who attain an attendance rate of at least 80 per cent are eligible to apply for retraining allowance. In addition, trainees can enrol in no more than two placement-tied courses within one year, and they are not allowed to apply for the same course, or course at a similar or lower level of competency in the same discipline as the course previously enrolled.
     
         The ERB keeps under review the arrangement for disbursement of retraining allowance and implements enhancements in a timely manner to ensure the effective use of training resources. Starting from April 1 this year, the ERB has tightened the number of times a trainee can apply for retraining allowance each year, from a maximum of two times within one year and four times within three years to no more than once a year, to ensure effective use of the ERB’s resources and that more citizens have access to training opportunities.
     
    (4) The ERB closely observes the latest developments in the local employment market. To ensure that training courses meet the market demand, the ERB, during course development, conducts market research and demand analysis, consults stakeholders of various sectors such as employer associations, trade unions, the ERB’s relevant industry consultation networks, industry experts and technical advisors. This is to ensure that the training courses meet the market needs and complement the industry’s training needs. The ERB also conducts regular reviews of courses and make adjustments as needed after rolling out the courses.
     
         In terms of medium- to long-term measures, the ERB will strengthen its research capabilities to grasp the trends for prevailing and future skills demands and the manpower needs of different industries (including emerging sectors). The ERB will formulate an appropriate training framework to guide its training bodies to develop suitable courses to meet the upskilling needs of people with different backgrounds and educational attainments. The ERB will also strengthen collaboration with higher education institutions and leading enterprises to offer more and a wider diversity of courses on skills upgrading. 
         Apart from training courses for the general public, the ERB also provides dedicated youth programmes for young people aged 15 to 29 to assist them in acquiring vocational skills training and placement services. In the past three years (2022-23 to 2024-25), the number of intakes aged 15 to 29 was around 6 per cent of the total number of intakes of ERB courses. The number of intakes of the dedicated youth programmes was also on the rise.
     
         The ERB convenes regular meetings of the “Focus Group on Training for Youth” with representatives of employers, youth concern groups, social service sector, training bodies and the relevant government departments to review the dedicated youth programmes. The ERB also collects information on the employment and further studies of the graduates of placement-tied courses, to ensure that the courses align with the latest development and cater for the needs of the youth. The reformed ERB will continue to explore development of more skills-based and a wider diversity of courses to meet the upskilling needs of people with different backgrounds and educational attainments (including the youth).
     
    (6) As of March 31, 2024, the ERF’s balance was around $13.5 billion. In 2021-22 to 2023-24, the ERF recorded deficits of around $970 million, $880 million and $930 million respectively. During the same period, the incomes of the ERF was around $610 million, $730 million and $640 million respectively, with interest income being the major income source; the ERB’s expenditure was around $1.59 billion, $1.6 billion and $1.57 billion respectively, with training courses and programme expenses being the major expenditure. The ERB will continue to closely monitor its financial position and report regularly to the full Board and its Finance and Administration Committee.
     
         The medium- to long-term work recommended in the comprehensive review comprises reforming the ERB’s functions, organisational structure and operating mode and consolidation of training resources. These involve amendments to the Ordinance and resources deployment. The ERB is further studying the medium- to long-term reform work with a view to submitting its recommendations to the Government by the end of this year. The Government will then study the follow-up work with the ERB and jointly implement the reform.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: New surface runoff treatment facility to appear in western Moscow

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The capital has approved a land use planning project for the construction of the Filka wastewater treatment facility. It will serve the Fili-Davydkovo district of the Western Administrative District. This was reported by Juliana Knyazhevskaya, Chairman of the Committee for Architecture and Urban Development of Moscow (Moskomarkhitektura).

    “This is an important project aimed at cleaning the surface runoff from the Filka River catchment area, which covers an area of 1,650 hectares and is located in part of the Filevsky Park, Krylatskoye, Kuntsevo, and Fili-Davydkovo districts, including the 58th and 59th quarters, where the renovation program is being implemented. The existing and planned development, the street and road network of the Western Administrative District are also included in the territory planning project. The construction of the treatment facility will not only improve the quality of water in the river, but also ensure the smooth and reliable operation of the city’s engineering infrastructure,” said Yuliana Knyazhevskaya.

    The work will be carried out within the framework of the Moscow Targeted Investment Program.

    The new structure will improve the ecological and sanitary conditions in the area of wastewater discharge from the Filki River collector. The length of the pipelines will be 150 meters and can be specified at the design stage.

    Get the latest news quickly official telegram channelthe city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154787073/

    MIL OSI Russia News –

  • MIL-OSI: Egypt and Saudi Arabia are the easiest countries for doing business in the Middle East, says GBCI 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 04, 2025 (GLOBE NEWSWIRE) — The Middle East is positioned as a mid-complexity region for doing business in the Global Business Complexity Index (GBCI) recently launched by TMF Group.

    The report ranks 79 jurisdictions, accounting for 94% of the world’s GDP, based on their business complexity, with 1 being the most complex and 79 the least complex. Within the Middle East, Egypt is ranked 37th globally, followed closely by the Kingdom of Saudi Arabia at 38th, the United Arab Emirates (UAE) at 39th and Qatar at 44th.

    Egypt has decreased in complexity from last year’s position of 28th, mainly due to several strategic efforts and developments. For example, the country’s adoption of diverse logistic solutions and strengthening of trade corridors has played a pivotal role in mitigating economic pressures and geopolitical risks. The establishment of integrated logistics corridors and free zones, coupled with incentives like simplified customs procedures, has also enhanced accessibility for foreign businesses.

    Saudi Arabia has also improved its position, ranking 38th this year (one point less complex than last year), with resilience amid geopolitical disruptions and Vision 2030 initiatives being highlighted as key drivers of the ease of complexity. The country’s strategy to diversify its economy beyond oil dependency continues at the forefront, as the Kingdom invests in trade infrastructure and regulatory frameworks, enhancing supply chain resilience. In addition, under Vision 2030, Saudi Arabia is striving to reduce its vulnerability to geopolitical threats. Parallelly, investments in infrastructure aim to establish the Kingdom as a global logistics hub.

    The UAE, ranking 39th this year, continues to position itself as a resilient hub amid global geopolitical disruptions. Strict regulations in place aim to ensure operations are compliant and secure, and contribute to the UAE being seen as a ‘safe haven’ for a diverse range of sectors. These regulations help mitigate risks and provide stability for businesses, fostering confidence among investors and enterprises. With multiple entry points and robust infrastructure, the UAE offers reliable trade corridors.

    With a slight increase in its complexity, Qatar is ranked 44th (last year, it ranked 48th). The geopolitical landscape remains volatile, with Qatar being involved in multiple peace talks, which underscores regional unpredictability and contributes to the heightened sense of uncertainty in the business environment. Additionally, the labour market faces challenges such as increased staff turnover and wage inflation, impacting cost efficiency.

    Achin Malik, TMF Group’s Middle East, India and Africa Market Head, commented:

    “Complexity is no longer the biggest challenge for business worldwide: uncertainty is. At a time of great instability in global trade and rising geopolitical tensions, the Middle East is increasingly strengthening its trade corridors — and exploring new ones. This positions countries like Egypt, Saudi Arabia, UAE and Qatar as resilient hubs for businesses amid geopolitical and natural disruptions, in a context of increased unpredictability.”

    Global top and bottom ten (1= most complex, 79= least complex) 
    1. Greece  79. Cayman Islands 
    2. France  78. Denmark 
    3. Mexico  77. New Zealand 
    4. Turkey  76. Hong Kong, SAR 
    5. Colombia  75. Jersey 
    6. Brazil  74. Netherlands 
    7. Italy  73. Jamaica 
    8. Bolivia  72. British Virgin Islands 
    9. Kazakhstan  71. Curaçao 
    10. China  70. Czech Republic 

    Media Contacts

    TMF Group

    Marina Llibre Martín, Global PR Manager
    marina.llibremartin@tmf-group.com

    The MIL Network –

  • MIL-OSI: CSC, SURF and Nokia Achieve 1.2 Tbit/s Data Transfer to prepare long haul network for new LUMI-AI supercomputer and AI Factories

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    CSC, SURF and Nokia Achieve 1.2 Tbit/s Data Transfer to prepare long haul network for new LUMI-AI supercomputer and AI Factories

    • Trial helps researchers prepare network for high performance computing (HPC) clusters and AI Factories handling massive datasets and high-intensity workloads.
    • Results confirm that multi-domain, high-capacity data transfers across European research networks are both feasible and future-ready.

    4 June 2025
    Espoo, Finland – Nokia, CSC – IT Center for Science and SURF have successfully tested a high-capacity, quantum-safe fibre-optic connection exceeding 1.2 terabit per second (Tbit/s) between Amsterdam, the Netherlands and Kajaani, Finland with data traversing over 3500 kilometers. The trial, which was conducted in May 2025, demonstrated the potential of ultra-fast, cross-border connectivity for research.

    Tests were carried out along several routes, including the longest which spanned 4,700 km through Norway at a capacity of 1Tbit/s. To put this in perspective, 1 Tbit/s is enough to stream 200,000 full HD movies (at 5 Mbit/s each) simultaneously. 

    These results are particularly promising as the research community prepares for supercomputers and AI Factories to come online – where reliable, scalable, and secure connections will be critical to supporting some of the world’s largest datasets and most demanding workloads.

    The test used a combination of real research data and synthetic data, transferred directly from disk to disk – from SURF’s facility in Amsterdam to CSC’s data center in Kajaani, across five production research and education networks: SURF (the Netherlands), NORDUnet (Nordic backbone), Sunet (Sweden), SIKT (Norway) and Funet (CSC’s network in Finland).

    The network solution was based on Nokia’s IP/MPLS routing and quantum-safe optical networking gear. Nokia’s IP technology successfully demonstrated Flexible Ethernet (FlexE) to accommodate “elephant flows”, or very large continuous flows of data, and its high-capacity optical transport technology showed the ability to handle massive data sets generated by HPCs over long distances.

    With the exponential growth of research data, especially for training large-scale AI models, the need for resilient, high-throughput and secure connectivity is more critical than ever. This test confirms that multi-domain, high-capacity data transfers across European research networks are both feasible and future-ready. Testing an operational network connection over long distances provides unique insights into data transport and storage of large data volumes. The tests are crucial for improving the infrastructure for data-intensive research. 

    “We design research networks with future needs in mind. CSC’s data center in Kajaani already hosts the pan-European LUMI supercomputer and with the upcoming LUMI-AI supercomputer and AI Factory coming online, reliable and scalable data connections throughout Europe are essential. Even though the geographical distance is significant, it poses no obstacle to data traffic,” said Jani Myyry, Senior Network Specialist, CSC.

    “As SURF we are ready to take the next step in aligning the European supercomputers. These efforts offer future perspectives to train GPT-nl on LUMI or for a researcher to compute on LUMI with very large datasets hosted at SURF, such as the KNMI (The Royal Netherlands Meteorological Institute) datasets. We are very grateful to our Nordic partners for their help setting up this trial connection. This is again an example of the continued good cooperation between NRENs to create the best possible international infrastructure for research and education,” said Arno Bakker, Senior Network Specialist, SURF.

    “Groundbreaking trials like this highlight how advanced networks are foundational to unlocking the full potential of AI and high-performance computing. This successful collaboration with CSC and SURF is a testament to the innovation and leadership of the scientific community, and to what’s possible when we work together. As the network prepares for the next wave of supercomputers and AI Factories, we are proud to deliver the quantum-safe, high-capacity, and resilient IP/MPLS and optical infrastructure that makes these systems viable. We look forward to continuing our support for global research and education networks, helping them scale with confidence and drive the next generation of discovery and innovation,” said Mikhail Lenko, Customer Solutions Architect, Nokia.

    Resources and additional information
    Product Page: 7750 Service Router
    Product Page: 1830 Photonic Service Switch (PSS)
    Product Page: 1830 Photonic Service Interconnect – Modular (PSI-M)
    Web Page: Quantum-safe networks

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About CSC – IT Center for Science
    CSC is a Finnish center of expertise in ICT that provides world-class services for research, education, culture, public administration and enterprises, to help them thrive and benefit society at large. csc.fi

    About SURF 
    SURF is the ICT cooperative of Dutch education and research institutions. The members, the owners of SURF, join forces to develop or procure the best possible digital services, work together on complex innovation issues and develop and share knowledge with each other. 
    SURF actively collaborates with other European NRENs united in GÉANT and participates in global consortia like the Advanced North Atlantic (ANA) and Asia Pacific Europe Ring (AER).
    NetherLight, SURF’s Global Exchange Point (GXP) dedicated to research and education data in Amsterdam connects similar GXPs and advanced high-capacity networks for scientific and educational collaboration. The NetherLight GXP plays a major and vital role in the federation of research and education networks worldwide, also known as the Global Research and Education Network (GREN). www.surf.nl

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Nokia Media Relations
    Sarah Miller
    Phone: +1 613-720-9716
    Email: sarah.miller@nokia.com

    CSC Media Relations
    Sanna Kostiainen
    Phone: +358 40 0712072
    Email: viestinta@csc.fi

    SURF Spokesperson
    Tom Hoven
    Phone: +31 641 439 398
    Email: tom.hoven@surf.nl 

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    The MIL Network –

  • MIL-OSI: Sterling launches overnight global trading in US NMS equities

    Source: GlobeNewswire (MIL-OSI)

    Chicago , June 04, 2025 (GLOBE NEWSWIRE) — Sterling Trading Tech (Sterling), a leading global provider of technology in order management, risk and margin, and trading, today announced the launch of 24×5 global trading in US National Market System (NMS) equities. Through Sterling OMS, clients can now trade overnight via Blue Ocean ATS.

    This marks the latest milestone in Sterling’s ongoing global expansion strategy. On the product front, Sterling continues to enhance its OMS, risk, and trading capabilities. These now span multi asset classes, including US and international equities and options, futures, fixed income, mutual funds, FX, and crypto.

    All Sterling routing venues currently onboarded with Blue Ocean are available for overnight trading. Clients also benefit from market data and direct routing to Blue Ocean ATS. Additionally, Sterling has rolled out enhanced APIs, enabling clients to automate margin rate adjustments to account for overnight trading.

    Said Jen Nayar, Sterling President & CEO: “At Sterling, we are committed to providing our clients with global access to trading in US equities, now extending into overnight hours. At the same time, we continue to advance our OMS and intraday risk and margin measurement capabilities. These enhancements enable our clients to confidently navigate today’s volatile, unpredictable, and complex global markets.”

    -END-

    About Sterling Trading Tech
    Sterling Trading Tech (Sterling) is a leading provider of professional trading technology solutions for the global equities, equity options, futures, fixed income, mutual funds, FX and crypto markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, Sterling provides solutions tailored to clients’ needs. Sterling is committed to providing fast, stable technology along with outstanding customer service. For more information, please visit www.sterlingtradingtech.com.

    Media Contact:
    Magdalena Mayer
     magdalena.mayer@sterlingtradingtech.com
    (312) 346-9600 

    The MIL Network –

  • MIL-OSI Economics: Kazuo Ueda: Economic activity and prices, and monetary policy in Japan

    Source: Bank for International Settlements

    Introduction

    Thank you for the opportunity to speak today at the Naigai Josei Chosa Kai. It was two years ago at this event that I gave my first speech after becoming Governor of the Bank of Japan. In that speech, I stated that I would endeavor to make logical decisions and provide explanations as clearly as possible in fulfilling my duties as Governor. Moreover, with a view to carrying out the Bank’s mandate of achieving price stability, I highlighted the importance of carefully supporting “nascent developments,” which were finally in sight at that time, in maturing toward achieving the price stability target of 2 percent.

    Fortunately, Japan’s economic activity and prices have continued to improve since then, and the “nascent developments” toward achieving the 2 percent target have steadily gained momentum, accompanied by wage increases. In March 2024, the Bank judged it was within sight that the price stability target of 2 percent would be achieved in a sustainable and stable manner, and changed its large-scale monetary easing framework, which had lasted for over a decade. Thereafter, it adjusted the degree of monetary accommodation by raising the policy interest rate in July 2024 and again in January 2025.

    However, the scale of the tariffs announced by the U.S. administration since early spring of this year was considerably larger than what many people had expected, and the environment surrounding economic activity and prices at home and abroad is changing significantly. While the environment surrounding Japan’s economic activity and prices also has become increasingly complex, today I would like to return to what I stated as my intention when I spoke here two years ago and explain, as clearly as possible, the Bank’s view on Japan’s economic activity and prices and its thinking on the conduct of monetary policy.

    MIL OSI Economics –

  • MIL-OSI Economics: Jerome H Powell: Opening remarks

    Source: Bank for International Settlements

    Thank you, Beth Anne.

    I want to start by offering my condolences to the family and friends of former Vice Chair Stanley Fischer. Stan was a colleague of ours at the Fed, and a giant in the field of international economics. In addition to reaching the highest levels of the field in his own right, he was a trusted and generous mentor and teacher to a generation of the most important economic thinkers, including many heads of global central banks, advisers to presidents, and countless economists. We will miss him.

    Congratulations to Division of International Finance (IF) on 75 years of outstanding work in service to the Federal Reserve Board and, by extension, to all Americans. Many current staff members are here to celebrate today, as well as a number of IF alumni, including past division directors Ted Truman, Karen Johnson, Nathan Sheets, and Steve Kamin. The division has produced many other notable alums, including Chair and Secretary Janet Yellen; professor, author, chess grandmaster, and our keynote speaker, Ken Rogoff; and humanitarian and economist Albert Hirschman, famous for the Herfindahl–Hirschman Index and more recently as a character in Netflix’s Transatlantic, to name just a few.

    In my time at the Fed, the IF division has provided invaluable insight into global economic activity, international trade and capital flows, and developments in foreign financial markets. Division staff have also played a key role during episodes of global financial stress. And your research and analysis are critical inputs into our monetary policy decisions. Thank you to all that have served in this division over the past 75 years. Today I will kick off this conference by briefly reviewing why the division was created and highlighting a few of its many accomplishments over the years, before turning you over to a robust set of presentations and panels.

    New Era for Global Economy

    The IF division was created on July 1, 1950, but the idea began to germinate a few years earlier. The U.S. emerged from World War II as a global economic superpower. The Bretton Woods Agreement placed the U.S., and the Fed, in a central position in the global economy. Our mission then, as it is now, was to serve the American people. But it was clear at that moment that the Fed needed to have better knowledge of global developments to achieve our dual-mandate goals.

    A 1948 memo proposing to create this division stated, “Problems of international economics and finance have become increasingly large, complex, and significant in recent years, and our foreign economic relations will undoubtedly continue to give rise to issues of the first magnitude.” That is the rare economic forecast that turned out to be spot on!

    Seventy-five years later, it remains critical that the Fed understand the policies and practices of other governments and central banks, and their implications for the U.S. economy and financial markets. Exchange rate policy, of course, is now firmly in the hands of the U.S. Treasury. However, the end of the Bretton Woods era in the 1970s fundamentally changed the conduct of monetary policy, as policymakers had to understand the effects of potentially more volatile movements of the U.S. dollar on American families and businesses.

    Understanding global trade and capital movements has only grown in importance since 1950, as we saw during the pandemic. The IF division helps produce the data on international capital flows, and has spent decades researching the effects of these flows and international trade on U.S. and foreign economies. Understanding this complex and interconnected web is essential for us to anticipate the path of employment and inflation.

    Another important development in the 1970s was the increasing use of macroeconomic modeling, which greatly influenced the division’s work. Under the direction of former Division Director Ralph Bryant, IF developed its first multicountry model. Always on the forefront, over the years, economists in the division-many of whom are in this room today-developed increasingly sophisticated models, with each new generation expanding the capability to tackle the international risks and issues of the day. These models have proven useful for understanding how international shocks transmit through the economy and financial markets, for assessing risks and uncertainties through alternative scenarios, and for better comprehending the implications of various shocks for the U.S. and global economy. The results have informed research papers, Board memos and briefings, as well as the risks and uncertainty assessment that Federal Open Market Committee members receive in advance of every meeting.

    Prepared for Crisis

    The IF division has also played an important role in responding to global economic turbulence. A prime example is the Latin American debt crisis of the 1980s. That episode required analytical thinking about the macroeconomic repercussions of the crisis as it played out around the world. Work by division, and by the International Monetary Fund and other institutions, led to the establishment of emergency facilities to prevent more dire financial outcomes. As global capital flows increased, other episodes of financial distress surfaced across the world, including in Mexico, Asia, and Russia. International capital flows and spillovers became, and remain, a recurrent feature in the division’s analytical and monitoring work.

    The expertise generated through study and response to those global challenges proved invaluable when stress hit closer to home during the Global Financial Crisis and the pandemic. Both of those events required immediate, broad, and, in many cases, unprecedented responses to avoid disrupting the availability of credit to American households and businesses. The nation, and the world, looked to the Federal Reserve to lead in these moments. During the Global Financial Crisis, when global funding markets came under stress, the IF division worked to establish swap line arrangements with several major central banks that helped restore stability in U.S. dollar funding markets. And during the pandemic, the IF division helped lead efforts to expand the provision of dollar liquidity by setting up the FIMA Repo Facility.1

    These periods of acute financial stress and uncertainty prompted the division to develop new tools and analytical products that could be used to understand and respond to the events unfolding on the ground. For instance, the division has devised new methods to measure and assess the effect of various types of uncertainty on economic activity, including new indexes that were built to track geopolitical risk, inflation, trade policy, and economic uncertainty. As we continue to navigate the current period of heightened uncertainty, this work is critical to understanding the quantitative implications of uncertainty shocks.

    Conclusion

    I will conclude by saying that, for 75 years, nine Fed chairs and countless Board members have greatly benefited from the guidance and counsel of IF staff-and not just when responding to crisis. This team helps assure we are well prepared for our international engagements, by providing detailed materials ahead of time and often by traveling with us. IF staff are always welcome and productive companions. In these and other endeavors, we benefit from the robust relationships you establish and maintain with our global counterparts.

    Thank you to Beth Anne and all the staff here that organized this wonderful event. And, finally, thank you again to all the current and former IF staff for what you have done and continue to do to help us be a globally knowledgeable and responsive central bank, so that we can deliver on our dual mandate for all Americans.

    MIL OSI Economics –

  • MIL-OSI Russia: Guests of the festival “Moscow – on the wave. Fish week” will see performances and concerts

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The festival program includes: “Moscow is on the wave. Fish week”, which is carried out within the framework of the project “Summer in Moscow”, a special place is occupied by performances on stage. The festival grounds feature theatrical productions and bright musical numbers. Guests can expect more than 350 hours of performances.

    On Shkolnaya Street, where the large-scale fish market of the festival “Moscow – on the Wave. Fish Week” is located, you can see performances by musical groups and soloists, as well as fun, exciting and educational performances on a marine theme.

    Thus, on June 6 at 15:00 the theater “Dami” will show the play “Stories of Sailors”, and at 16:00 the clowns of the group will present the funny and touching “Sailor Show”. On the same day at 19:00 the group Black Cupro will play original compositions filled with the energy of warmth and love.

    Here you can also watch the performances of the street theater LUMidea. The artists will show a family performance-journey non-stop. The audience will meet sea creatures and fairy-tale creatures. The performance consists of original plastic numbers, a procession and dance interaction.

    On June 7 at 15:00, singer and composer Andrey Grizli will perform. At 16:00, actors from the Happy People theater will show the play “The World of Dark Waters” about the inhabitants of the world’s oceans, mermaids, pirates and sea monsters.

    On June 8 at 2:00 PM, the Parabasis group will perform an interactive performance called Buyan Island, in which the artists and the audience will explore the most mysterious place in Russian folklore. At 3:00 PM, guests will hear hits from the Moscow group Goroda.

    The Invitation trio will perform in Serebryakov Passage on June 5 at 6:00 pm.

    On June 6 at 15:00 on Svyatoozerskaya Street, Sergey Pakhomov’s blues band will perform a musical show. Each viewer will become its participant. Guests will enjoy world hits in different styles – blues, jazz, rock and roll, funk, rock, country. In addition, Sergey Pakhomov will perform his own compositions.

    On June 5 at 15:00 on Gorodetskaya Street, the Moscow jazz band “Good Old Dixieland” will perform hits from the early 20th century. Here, on June 6 at 15:00, guests will see a performance by the Boom BrassBand. The cover band consists of six musicians and promotes live performances on brass instruments.

    On Volgogradsky Prospekt on June 7 at 14:00 the trio “Back to the Future” will take the stage, consisting of artists of different ages. The musicians perform live in many styles. The same singers can be heard in the Golyanovo district on June 8 at 18:00.

    On June 6 at 15:00 on Teply Stan Street, the Skazka iz Karmana Theatre will show a performance for children called Vasilisa the Beautiful. The same magical story can be seen on June 6 at 18:00 on Admirala Rudneva Street and on June 7 at 14:00 in the Kurkino district.

    On June 8 at 2:00 PM on Orekhovy Boulevard they will be showing “The Snail and the Whale” — a musical performance by the independent theater project Panama, based on the fairy tale of the same name by Julia Donaldson. The same production can be seen on June 7 at 2:00 PM in the park near the Nekrasovka metro station.

    Details about the festival can be found on the page “Moscow Seasons”.

    The gastronomic festival “Moscow – on the wave. Fish week”, organized as part of the “Moscow seasons” cycle with the support of the Moscow Government, began in the capital on May 30. Leading fishing and fish processing companies from all over the country brought the freshest delicacies to Moscow, and guests can enjoy entertainment, master classes and sports events.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and the new season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154742073/

    MIL OSI Russia News –

  • MIL-OSI Russia: A new college will be built near Volokolamsk Highway in South Tushino

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Changes have been made to the land use and development rules for the construction of a college in Yuzhnoye Tushino. It will appear in Pokhodny Proezd (property 6) not far from the stations of the second Moscow Central Diameter (MCD) and the metro. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “The college is planned to be built on a land plot of three hectares. The maximum area of the building will be 50 thousand square meters. The educational facility is planned to be built within the framework of the Targeted Investment Program. The educational institution will complement the social infrastructure of the North-West District,” said Vladimir Efimov.

    Land use and development regulations govern how land can be used and what can be built on it. They determine what activities are permitted in certain locations and what requirements must be met when designing and constructing buildings.

    “The college building will be located next to Volokolamskoe Highway. Its convenient location will provide easy access to the facility for both students and teachers. The college can be reached on foot from the Trikotazhnaya and Tushinskaya MCD stations, as well as from the Tushinskaya metro station. This will help avoid traffic jams and save travel time,” she added.

    Juliana Knyazhevskaya, Chairman of the Committee for Architecture and Urban Development of the City of Moscow.

    Earlier Sergei Sobyanin told, that in Moscow by 2032 it is planned to renovate about 700 school buildings.

    The construction of social facilities in Moscow corresponds to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154798073/

    MIL OSI Russia News –

  • MIL-OSI: BW Offshore: Ex dividend USD 0.0625 today

    Source: GlobeNewswire (MIL-OSI)

    Ex dividend USD 0.0625 today

    The shares in BW Offshore Limited will trade ex dividend USD 0.0625 per share as from today, 4 June 2025.

    Dividend payment to shareholders will be on or about 12 June 2025.

    This information is published in accordance with the requirements of the Continuing Obligations.

    IR@bwoffshore.com   www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

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

    The MIL Network –

  • MIL-Evening Report: Extreme weather events have slowed economic growth, adding to the case for another rate cut

    Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate Professor, School of Economics, University of Sydney

    Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter.

    The national accounts report from the Australian Bureau of Statistics (ABS) showed annual growth steady at 1.3%, below market forecasts for an improvement to 1.5%.

    The result is also weaker than the Reserve Bank of Australia’s forecasts.

    The ABS said: “Extreme weather events further dampened domestic demand and reduced exports”, with the impact particularly evident in mining, tourism and shipping.

    This report on Gross Domestic Product (GDP) will be a key consideration for the Reserve Bank’s next meeting on July 7–8, helping shape its decision on whether to cut rates again. In May, the central bank cut the cash rate by 0.25% to 3.85%.

    On balance, the softer than expected pace of growth makes another rate cut in July a bit more likely.

    Private demand drives growth as public spending slumps

    Household spending slowed to 0.4% in the quarter from 0.7%. Essential spending led the way, with a sharp 10.2% rise in electricity costs due to a warmer-than-usual summer and reduced electricity bill rebates. Food spending also increased as Queenslanders stocked up ahead of Tropical Cyclone Alfred.

    Investment also contributed to growth, though its composition shifted. Private investment rose 0.7%, driven by a rebound in house building and strong non-dwelling construction, particularly in mining and electricity projects. But business investment in equipment and machinery slumped.

    Public investment fell 2.0%, ending a run of positive growth since September 2024. This decline, which detracted 0.1 percentage points from GDP, reflected the completion or delay of energy, rail and road projects.

    “Public spending recorded the largest detraction from growth since the September quarter 2017”, the ABS said.

    Disappointing trade performance

    Exports unexpectedly became the main drag on growth in the March quarter, marking a sharp turnaround from December 2024.

    Total exports fell 0.8%, led by a drop in services – particularly travel – due to weaker foreign student arrivals and lower spending. Goods exports also declined as bad weather disrupted coal and natural gas shipments, and demand from key markets like China and Japan softened.

    The growth outlook is soft

    Given the weaker-than-expected growth in the March quarter, Australia’s economic outlook remains soft.

    A disappointing sign in the report was another fall in GDP per head of population, known as GDP per capita. This measure declined by 0.2%, after just one quarterly rise and seven previous quarters of a “per capita recession”, when population growth outpaces economic growth.

    The household saving rate continue to rise in the March quarter, back to pre-COVID levels at 5.2%. This is because income grew faster than spending, and households remain cautious amid economic uncertainty. Additional government support also boosted savings.

    The economic slowdown reflects weak household spending and a notable pullback in public sector investment. With domestic demand under strain, short-term growth prospects appear limited as the economy continues to adjust to past interest rate hikes and the early effects of the recent cuts.

    The Reserve Bank began cutting official rates in February – its first move after 13 consecutive hikes between May 2022 and November 2023 – but the impact has yet to flow through. The next GDP figures, due on September 3, will offer a clearer picture of how the February and May rate cuts are shaping the recovery.

    Trade tensions add uncertainty

    Global conditions have become more unsettled, with rising trade tensions and shifting geopolitical alliances putting pressure on international trade. Renewed tariff threats – particularly from the US – are disrupting global supply chains. For export-reliant Australia, this increases the risk of weaker trade volumes and greater exposure to external shocks.

    At the same time, China’s post-pandemic recovery is losing momentum, dragged down by weak consumer demand and a struggling property sector.

    Given Australia’s close trade ties with China, any sustained slowdown there poses a clear threat to export earnings and broader economic growth. Together, these global headwinds are adding to the uncertainty surrounding Australia’s economic outlook.

    A balancing act on rates

    With demand soft and the economy losing momentum, the Reserve Bank may cut interest rates again at its July meeting to help boost growth. Key sectors like household spending, public services and mining have been under pressure. A further rate cut could support confidence and encourage more spending.

    However, the monthly inflation report for April adds uncertainty. While headline inflation held steady at 2.4% over the year to April, underlying measures ticked higher.
    The monthly rate excluding volatile items such as fuel and fresh food rose to 2.8%, up from 2.6%. That suggests price pressures are becoming more widespread.

    These mixed signals leave the RBA facing a delicate balancing act. Upcoming data, particularly the employment report on June 19 and the May monthly inflation indicator on June 25, will be critical in determining whether inflation is easing enough to justify another cut or showing signs of persistence that call for caution.

    The Conversation

    Stella Huangfu 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. Extreme weather events have slowed economic growth, adding to the case for another rate cut – https://theconversation.com/extreme-weather-events-have-slowed-economic-growth-adding-to-the-case-for-another-rate-cut-257962

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Serious Financial Crime Taskforce case studies

    Source: New places to play in Gungahlin

    Most people comply with their tax obligations. However, there are a small number of people who deliberately do the wrong thing. The ATO-led SFCT was established to respond to this, targeting the more serious financial crimes in Australia.

    The case studies on this page reinforce that those who deliberately cheat the system will be held to account.

    Stay up to date on the latest SFCT outcomes by subscribing to general email updates. Subscribers will receive updates on all new general content on our website, including the latest SFCT case studies.

    Government fraudster sentenced to jail

    Paolo Esmaquel was sentenced on 28 May 2025 in the Melbourne County Court to 18 months of imprisonment in addition to the jail time previously imposed for similar federal offences in November 2024.

    She was charged with 3 categories of offending against Government at both federal and state levels: tax fraud, identity and counterfeiting fraud, and social security fraud.

    The ATO worked collaboratively with other partner agencies across Government to hold Ms Esmaquel to account for her actions.

    An operation conducted by the ATO-led SFCT uncovered her elaborate scheme to commit tax fraud by stealing the identities of 3 different individuals.

    One of the assumed identities was registered by Ms Esmaquel as a tax practitioner with the Tax Practitioners Board (TPB). To do this, she submitted forged documents to the TPB that falsely claimed she completed the required tertiary education to become a tax agent and forged a declaration from a chartered accountant.

    Following this, she set up a tax agent profile on ATO Online Services and linked several taxpayers to her account. Ms Esmaquel then lodged 10 fraudulent business activity statements on behalf of these taxpayers without their knowledge or consent.

    As a result of the investigation, the TPB cancelled her tax agent registration.

    Acting Deputy Commissioner and Serious Financial Crime Taskforce (SFCT) Chief Kath Anderson acknowledges the prevalence of identity crime, saying ‘With a rise in scammers and cyber criminals out in the community, it’s more important than ever to protect your personal identifying information. This case shows how far criminals will go to commit identity fraud and exploit the tax and super system.’

    ‘We have strengthened our systems against fraud and financial crime through prevention, early detection, containment and consequences, such as the jail time Ms Esmaquel received’.

    Read more in the media release.

    Former registered liquidator sentenced to prison

    Former liquidator Peter Amos has been sentenced to 4 years imprisonment for dishonestly gaining an advantage for his business and himself contrary to the Corporations Act.

    Mr Amos was a registered liquidator and business owner of Amos Insolvency Pty Ltd (Amos Insolvency).

    Between 6 October 2016 and 31 December 2022, Mr Amos transferred $2,498,546 from the accounts of Mikcon Employment Services Pty Ltd, TPC (Vic) Pty Ltd, P O W 4X4 Pty Ltd, A-Force Electrics Pty Ltd, and Conomi Group Pty Ltd to Amos Insolvency.

    ATO Deputy Commissioner and Serious Financial Crime Taskforce Chief John Ford welcomed the court’s decision, saying the sentencing is a warning to those looking to use their position to exploit the system.

    ‘This outcome sends a clear message to those who look to game the system to gain an unfair advantage – you will be caught,’ Mr Ford said.

    Read more about the outcome in the media releaseExternal Link.

    Woman sentenced for false claims and forged documents

    On 1 October 2024, Ashmita Sharma appeared before the Downing Centre Local Court in NSW for sentence.

    Ms Sharma received two 18-month suspended sentences, to be served concurrently. She pleaded guilty to committing GST fraud, JobKeeper fraud and attempting to pervert the course of justice, contrary to sections 134.2(1) of the Criminal Code (Cth) and 43(1) of the Crimes Act 1914 (Cth) respectively.

    Ms Sharma was also ordered to be of good behaviour for 3 years and repay the remaining $26,426 in stolen funds to us.

    In August 2020, Ms Sharma lodged:

    • a false COVID-19 JobKeeper application on behalf of a dormant company that listed her father as the sole director, without his knowledge or authorisation
    • 3 separate business activity statements
    • a false claim for a Cashflow Boost Stimulus which was taken into account on sentence.

    In total, Ms Sharma received $30,926 as a result of the offending.

    During the course of the matter, Ms Sharma was also charged with one count of attempting to pervert the course of justice by forging a medical certificate to avoid attending court.

    Operation Hyacinth is part of a broader investigation by the SFCT into the misuse of government funds. Our message is clear; those who think they can steal and cheat the system for their own financial gain will be caught. Attempting to avoid these consequences can make the situation worse.

    This SFCT matter was prosecuted by the Office of the Director of Public Prosecutions (Cth) (CDPP) following a referral from the ATO.

    To report any known or suspected illegal behaviour you can either complete the tip-off form or phone us on our tip-off hotline on 1800 060 062.

    Find out more about the Serious Financial Crime Taskforce.

    Attempts to commit gold bullion fraud didn’t have the outcome 2 fraudsters had planned.

    The investigation, conducted under the ATO-led SFCT, revealed that Cedric Adrian Millner and Jonatan Kelu purchased GST-free gold bullion, refashioned it into scrap and then sold it inclusive of GST to a refiner. Millner and Kelu claimed GST input tax credits by falsely stating that the GST-free gold bullion was purchased inclusive of GST under the GST second-hand rules.

    The reward for engaging in this complex $40 million fraud activity was a sentence of 8 years in jail for both men, handed down in the Supreme Court of NSW.

    These criminals thought their actions would go undetected, but our expert team of investigators uncovered the fraud and worked to solve the case, bringing together thousands of documents and multiple data sets to form a solid brief that would ultimately be their downfall.

    Operation Nosean was established to look at network participants in the gold bullion and precious metals industry. This included refiners, bullion dealers, gold kiosks, dealers and buyers within established supply chains involved in gold recycling arrangements, seeking to exploit the GST rules in relation to precious metals.

    New laws were introduced in April 2017 to combat fraud in the gold bullion and precious metals industry.

    Our message is clear to those who seek to evade or cheat the tax system: there is no place for you to hide and we will not tolerate this behaviour.

    For more information see:

    Second sentencing for Australia’s largest tax fraud case

    On 29 March 2018, Michael Issakidis faced the Supreme Court of NSW for his involvement in the largest prosecuted tax fraud case in Australia’s history.

    Alongside his co-conspirator Anthony Dickson, Issakidis deliberately absorbed $450 million of otherwise assessable income. He did this using complex domestic and international trust and tax evasion structures. This caused a loss to the Commonwealth of $135 million. By creating a web of false identities and siphoning money offshore, the pair acquired approximately $63 million.

    Issakidis was sentenced to 10 years and 3 months jail for his involvement in the operation. This followed the 2015 sentencing of Dickson, whose original 11-year sentence was increased to 14 years on appeal.

    The significant penalties handed down to both Issakidis and Dickson demonstrate the success of the SFCT in dealing with those who deliberately cheat the system. As a member of the SFCT, we are equipped with the resources, data-matching capability and international and domestic intelligence-sharing relationships to uncover even the most complex tax evasion schemes.

    People who deliberately avoid paying the correct amount of tax will be caught and will face the full force of the law.

    For more information see:

    MIL OSI News –

  • MIL-OSI: WISeKey International Holding Ltd Announces Adjournment of 2025 Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    WISeKey International Holding Ltd Announces Adjournment of 2025 Annual General Meeting

    Zug, Switzerland, June 4, 2025 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), leading global cybersecurity, blockchain, and IoT company, announced today that the Board of Directors has decided, for logistical reasons, to ajourn the 2025 Annual General Meeting of Shareholders (“AGM“) from June 19, 2025, 2:00 p.m. Swiss time, to June 27, 2025, at 2:00 p.m. Swiss time.

    The venue of the 2025 AGM will remain the offices of Homburger AG, Prime Tower, Hardstrasse 201, 8005 Zurich, Switzerland. Admittance to the 2025 AGM will start at 1:30 p.m. Swiss time.

    Other than the date of the AGM, nothing will change. In particular, the items on the agenda of the AGM and the related proposals of the Board of Directors remain unchanged.

    About WISeKey
    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Press and investor contacts:

    WISeKey International Holding Ltd 
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com    		 WISeKey Investor Relations (US) 
    Contact:  Lena Cati
    The Equity Group Inc.
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    Disclaimer:
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    The MIL Network –

  • Sensex, Nifty open higher amid positive global cues

    Source: Government of India

    Source: Government of India (4)

    India’s benchmark indices opened in the green on Wednesday, tracking upbeat cues from Asian markets that bolstered investor sentiment.

    The Sensex climbed 155.81 points, or 0.19 percent, to 80,893.32, while the NSE Nifty gained 60 points, or 0.25 percent, to 24,602.80 in early trade.

    Broader market participation remained strong, with midcap and smallcap stocks continuing their upward momentum. The Nifty Midcap 100 advanced 309.30 points, or 0.54 percent, to 57,826.40, and the Nifty Smallcap 100 rose 88.40 points, or 0.49percent, to 18,210.75.

    Top gainers in early trade included Bharti Airtel, Zomato (Eternal), Tata Motors, M&M, IndusInd Bank, Maruti Suzuki, Tech Mahindra, Bajaj Finance, ITC, HUL, and Infosys. TCS, Ultratech Cement, ICICI Bank, Titan, and Sun Pharma were among the major laggards.

    Asian markets traded higher, with indices in Tokyo, Shanghai, Hong Kong, Seoul, and Jakarta posting gains. Overnight, U.S. stocks also ended in positive territory, lending further support to sentiment.

    On the institutional side, foreign institutional investors (FIIs) extended their selling streak for the third consecutive session on Tuesday, offloading equities worth Rs 2,853.83 crore. Meanwhile, domestic institutional investors (DIIs) remained steady buyers for the 11th session in a row, infusing Rs 5,907.97 crore into equities.

    Analysts highlighted that India’s benign CPI inflation provides the Reserve Bank of India (RBI) with scope for at least two more rate cuts in 2025. While this could impact bank margins, large private lenders are expected to deliver 12–15 percent returns over the next year, supported by strong fundamentals.

    (With inputs from IANS)

  • MIL-OSI Russia: Capital enterprises increase furniture production

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the first quarter of 2025, the furniture production index increased by 7.3 percent compared to the same period last year, and shipments increased more than 2.6 times. This was reported by the Minister of the Moscow Government, head of the capital’s Department of Investment and Industrial Policy Anatoly Garbuzov.

    The capital’s furniture industry enterprises produce a wide range of products – from office and designer to medical. Companies are developing new lines, increasing production areas and increasing supplies.

    “Over 140 Moscow furniture manufacturers are creating new products and satisfying the growing demand of consumers. Thus, the companies produced 7.3 percent more furniture than in the same period last year. Moreover, they shipped products to customers for almost 11.9 billion rubles, which is more than 2.6 times higher than the 2024 figure. In particular, about 2.8 thousand units of metal household furniture, over nine thousand units of metal office furniture, as well as more than 12 thousand pieces of seating furniture, mainly with a metal frame, were produced,” noted Anatoly Garbuzov.

    For example, the furniture company Felix has completed the construction of a production building in Moscow. According to forecasts, production will increase by 50 percent, and more than 130 jobs will be created. The construction of the new building next to the existing production and warehouse complex was carried out as part of the implementation of a large-scale investment project (MaIP) with the support of the Moscow Government.

    Sergei Sobyanin told how Moscow helps the capital’s business develop

    According to the company’s CEO Andrey Mikhailov, the company was actively assisted at all stages – from project approval to completion of the work. The implementation of targeted prospective support for manufacturers in Moscow in the MaIP format is relevant and timely. Preferential financing conditions allow for the expansion of production, an increase in the number of modern high-tech jobs, and an increase in tax deductions.

    Another capital company, Meditsinoff, with its own production, design bureau and logistics service, produces medical, laboratory and cabinet furniture. The company continues to expand the range of medical equipment that meets modern standards.

    So, recently this manufacturer announced the launch of serial production of two models of mechanical electric beds. The first is a reliable stationary model – a four-section bed in various modifications. The second model is a full-fledged resuscitation bed with advanced functions. The product It is comfortable and safe for patients and is intended for resuscitation departments and intensive care units. As noted by the general director of the enterprise Alexander Beloglazov, the launch of serial production will be an important stage in the development of the company.

    Get the latest news quicklythe city’s official telegram channel Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154705073/

    MIL OSI Russia News –

  • MIL-OSI Australia: Keep up to date with the taskforce

    Source: New places to play in Gungahlin

    Taskforce results

    The Serious Financial Crime Taskforce (SFCT) started operation on 1 July 2015.

    From this date until 31 March 2025, the Taskforce has progressed cases that have resulted in:

    • completion of 2,526 audits and reviews  
    • conviction and sentencing of 71 people
    • raised over $2.9 billion in liabilities
    • collected more than $1 billion.

    Guidance and resources

    The SFCT has valuable resources to warn taxpayers of the risks of getting involved in these kinds of behaviours, including:

    • GST refund fraud – an Intelligence Bulletin warning businesses against using related-party structuring and false invoicing, and entering into artificial and contrived arrangements to cheat the tax and super systems.
    • False invoicing – an Intelligence Bulletin warning businesses against false invoicing arrangements. These schemes involve issuing invoices where no goods or services are provided.
    • Electronic sales suppression tools (ESSTs) – a new Intelligence Bulletin warning businesses against using ESSTs. Businesses use ESSTs to illegally manipulate transaction records and avoid their tax obligations.
    • Fraud in the precious metals refining industry – The illegal manipulation of the government’s interpretation of precious metals has been a focus for SFCT, which has investigated participants alleged to have been involved in gold bullion fraud.

    Case studies and tax crime prosecution results

    Case studies show that those who deliberately cheat the system will be held to account:

    Read our past SFCT media releases and listen to the audio grabs.

    MIL OSI News –

  • MIL-Evening Report: Gluten intolerance and coeliac disease can both cause nausea, bloating and pain. What’s the difference?

    Source: The Conversation (Au and NZ) – By Yasmine Probst, Professor, School of Medical, Indigenous and Health Sciences. Advanced Accredited Practising Dietitian, University of Wollongong

    fotodrobik/Shutterstock

    Around one in ten Australians say they follow a gluten-free diet.

    This means eliminating common foods – such as bread, pasta and noodles – that contain gluten, a protein found mainly in wheat, barley and rye.

    Not everyone who follows a gluten-free diet has an underlying condition. But if you experience nausea, bloating or stomach pain after eating gluten, it could be the sign of a gluten intolerance, or coeliac disease.

    While gluten intolerance and coeliac disease share many similar symptoms, one can cause intestinal damage and malnutrition. So, what’s the difference?

    What is coeliac disease?

    Coeliac disease is an autoimmune disease. This means the body mistakenly starts attacking healthy cells and tissue – in this case, in the small intestine – causing inflammation.

    It affects around one in 70 Australians, but only 20% of this group are diagnosed.

    If you have coeliac disease, eating foods that contain gluten can damage your villi, structures in the small intestine that help the body absorb nutrients.

    Following a meal containing gluten, you may experience digestive problems including diarrhoea, bloating, nausea, gas and abdominal pain.

    Coeliac disease can lead to long-term damage in the small intenstine.
    Sakurra/Shutterstock

    Gluten can also cause non-digestive symptoms such as brain fog, headaches, dermatitis herpetiformis (an itchy, blistery skin rash), joint pain and fatigue.

    In the long term, untreated coeliac disease can lead to malnutrition because the damaged villi can’t absorb nutrients from food. It can also reduce bone mineral density and has been linked to neurological disorders such as epilepsy and dementia.

    How is coeliac disease diagnosed?

    For an accurate diagnosis, you must not have eliminated gluten from your diet yet. This is so its effect on your digestive system can be measured.

    A diagnosis involves blood tests followed by biopsies of the small intestine using an endoscope (an instrument with a light that can look inside the body).

    Blood tests look for antigens – markers of a reaction to gluten – while the biopsy inspects any damage to the villi in the intestine.

    In some cases, a capsule endoscopy, where a pill-sized camera is swallowed, is used to look at the intestine and observe for damage.

    What about gluten intolerance?

    People with gluten intolerance experience similar symptoms to coeliac disease. The difference is, after consuming gluten, there is no autoimmune response or intestinal damage.

    Gluten intolerance is sometimes known as non-coeliac gluten sensitivity.

    An estimated 1% of Australians live with a gluten intolerance, but only 12 in every 100 of this group are diagnosed by a doctor.

    Doctors will rule out coeliac disease and wheat allergies as a first step for a person with symptoms related to eating gluten.

    Once these have been ruled out, a gluten-free diet trial, supervised by an accredited practising dietitian, might be recommended to see if symptoms improve.

    A formal diagnosis of gluten intolerance can only be confirmed using a highly complex dietary trial that compares the effect of gluten and a placebo over at least eight weeks.

    This form of scientific study is very labour-intensive and not very common.

    So instead many people just choose to eliminate gluten, without a diagnosis.

    Extreme sensitivity to gluten

    Coeliac disease is more severe than gluten intolerance and sensitivity can vary among those diagnosed.

    Even traces of gluten can trigger symptoms. This means a strict, lifelong, gluten-free diet essential.

    It also means people with coeliac disease have to be careful about cross-contamination. For example, using the same knife, chopping board or toaster to cut or toast gluten-free bread and regular bread can transfer gluten particles and cause a reaction.

    According to the latest studies, consuming just 50mg of gluten per day is enough to cause intestinal damage for people with coeliac disease.

    For context, a slice of whole-wheat bread contains about 4,800mg of gluten, meaning 50mg is around 1/100th of a slice of bread.

    A small amount of gluten won’t affect someone with gluten intolerance in the same way. They may have temporary symptoms, but won’t experience intestinal damage.

    However, the symptoms and their severity can vary from person to person, depending on their individual sensitivity.



    Read more:
    What’s the difference between a food allergy and an intolerance?

    Should I cut out gluten, just in case?

    You might be wondering if there is a downside to avoiding gluten, if you don’t have coeliac disease or an intolerance.

    There can be.

    Grain foods that contain gluten are rich in essential nutrients such as fibre, folate, iron and B-group vitamins.

    Avoiding gluten when you don’t need to can lead to nutritional deficiencies.

    Gluten-free products can also be more expensive and are sometimes higher in sugar, salt and fat to help compensate for texture and taste.

    Before making any changes to your diet, it is best to speak with an accredited practising dietitian to make sure you’re not missing out on important nutrients.

    So, what if you have symptoms?

    Common signs of a gluten intolerance or coeliac disease include bloating, diarrhoea or constipation, and stomach pain. Both conditions can trigger non-gastrointestinal symptoms such as headaches, fatigue and joint pain.

    If these symptoms sound familiar, it’s best to speak to a health-care professional who may test you for coeliac disease and/or a wheat allergy before eliminating gluten from your diet.

    Remember, self-diagnosing and removing gluten without proper guidance might do you more harm than good.

    If your symptoms concern you, speak to your GP, a gastroenterologist or a qualified dietitian. Dietitians Australia has a list of accredited practising dietitians.

    Yasmine Probst receives funding from Multiple Sclerosis Australia.

    Olivia Wills 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. Gluten intolerance and coeliac disease can both cause nausea, bloating and pain. What’s the difference? – https://theconversation.com/gluten-intolerance-and-coeliac-disease-can-both-cause-nausea-bloating-and-pain-whats-the-difference-253235

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: North America high-net-worth individual population surges, while Europe and Middle East shrink

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Fahd Pasha
    Tel.: +1 647 860 3777
    E-mail: Fahd.Pasha@capgemini.com

    North America high-net-worth individual population surges, while Europe and Middle East shrink

    • U.S. led the world in growth in its millionaire population, adding 562,000 to reach 7.9 million
    • Ultra-high net worth individual population rises by 6.2% worldwide
    • High-net-worth individuals now allocate 15% of their portfolios to alternative investments, including cryptocurrencies

    Paris, June 4, 2025 – The Capgemini Research Institute’s World Wealth Report 2025, published today, reveals the global high-net-worth individuals1(HNWIs) population rose by 2.6% in 2024. Now in its 29thedition, the report finds this increase was driven by the growth in the population of ultra-high-net-worth individuals (UHNWIs), which grew by 6.2%, as strong stock markets and AI optimism boosted portfolio returns. The data indicates that alternative investments2, such as private equity and cryptocurrencies, are now an established presence in HNWI holdings, representing 15% of their portfolios.

    Bullish stock market performance in the U.S. fuels wealth increase
    A favorable interest rate environment and strong U.S. equity market returns helped boost wealth creation in 2024. North America saw the biggest gains, with the HNWI population rising by 7.3%. In contrast, Europe, Latin America and the Middle East saw declines in their HNWI populations, as macroeconomic challenges weighed.

    At the end of 2024, according to Capgemini’s research: 

    • Europe’s HNWI population declined 2.1% due to economic stagnation in major countries, with United Kingdom, France and Germany losing 14,000, 21,000 and 41,000 millionaires, respectively. In contrast, Europe’s UHNWI population rose 3.5%, reflecting increased wealth concentration.
    • Asia-Pacific’s HNWI population increased 2.7%, with notable variability across the region.
    • Latin America’s HNWI population declined 8.5%, due to currency depreciation and fiscal instability. Brazil (-13.3%) and Mexico (-13.5%) witnessed the biggest population declines.
    • The Middle East’s HNWI population declined 2.1%, driven by lower oil prices.

    Within the largest individual markets, the U.S. was the clear leader, adding 562,000 millionaires as the country’s HNWI population grew by 7.6% to 7.9 million. India and Japan were standouts in the Asia-Pacific region, with both countries registering 5.6% growth, adding 20,000 and 210,000 millionaires, respectively. In contrast, growth in China was negative, with HNWI population declining by 1.0%.

    Next-gen HNWIs seek wealth management firms that align with investment priorities
    Wealth management firms are actively preparing for a new era of wealth transfer in which 83.5 trillion USD3 will change hands over the next two decades, creating the next generation of HNWIs4. According to the report, this handover will unfold in three phases: 30% of HNWIs will receive an inheritance by the end of 2030, 63% will inherit wealth by the end of 2035, and 84% by 2040.

    “The great wealth transfer will be a defining moment for the industry. Despite global wealth on the rise, 81% of inheritors plan to switch firms within one to two years of inheritance. Potentially losing these unsatisfied clients is going to create significant risk for the global wealth management sector,” said Kartik Ramakrishnan, CEO of Capgemini’s Financial Services Strategic Business Unit and Group Executive Board Member. “The next-generation of high-net-worth individuals arrive with vastly different expectations to their parents. This necessitates an urgent shift away from traditional strategies to effectively cater to their evolving needs on this wealth journey. Firms must also prepare to equip advisors with the digital capabilities, potentially augmented with agentic or generative AI, to mitigate the risk of losing both clients and key employees.”

    As of January 2025, HNWI investors parked 15% of their portfolios in alternative investments, including private equity and cryptocurrencies. They are willing to take more risks to expand their wealth – allocating capital to higher growth asset classes and niche product offerings, notably by 61% of millennial and Gen Z HNWIs.

    To attract next-gen HNWIs, wealth management firms must rethink
    The report highlights that wealth management firms need to refresh and revamp their services and offerings to resonate with the next-gen HNWI customer base. Including:

    • Private equity and cryptocurrencies: 88% of advisors observe a greater interest in alternative assets amongst this group of investors over baby boomers
    • New offshore booking centers: 50% of advisors indicate their lack of capabilities in emerging wealth hubs – Singapore, Hong Kong, UAE and Saudi Arabia – will drive these clients to alternate firms, as they seek diversification, better returns and a favorable regulatory environment
    • Tailored services: concierge services such as luxury travel, medical care, and safeguarding against cyber threats, rank as the top non-financial value-added service most sought after
    • Digital interactions: advisors rank a digital platform providing a holistic client view and actionable insights as the most important capability to effectively serve next-gen HNWIs, followed by intelligent automation of operational tasks like meeting summaries and emails

    Insufficient support from wealth management firms makes advisors a flight risk
    According to the report, one-in-three advisors express dissatisfaction with their firms’ lack of digital capabilities, negatively impacting their productivity, and creating a technological divide. In addition, 62% of next-gen HNWIs say they would follow their advisor if they moved to a different firm. Altogether, this directly impacts retention, as advisors struggle to engage these digital-native clients.

    Beyond digital resources, the industry is on the cusp of a talent shortage amid an unprecedented transfer of wealth to Gen X, millennial, and Gen Z inheritors. In the next 12 months, one in four advisors plan to be on the move, with a majority transitioning to a competitor firm and a few starting their own ventures. Additionally, 20% of advisors say they will retire by 2035, with 48% planning to retire by 2040.

    As the great wealth transfer unfolds, the wealth management industry will need to reimagine product offerings through tailored investment options for next-gen HNWIs. Firms must empower and engage advisors with an intuitive digital experience across all channels to secure their loyalty, the report concludes.

    Read the full report: Sailing through the Great Wealth Transfer

    Report Methodology
    The World Wealth Report 2025 market-sizing model covers 71 countries, accounting for more than 98% of global gross national income and 99% of world stock market capitalization. The Capgemini 2025 Global HNW Insights Survey questioned 6,472 HNWIs including 5,473 Next-gen HNWIs across four regions: Americas, Europe, and Asia-Pacific and Middle East. The 2025 Wealth Management Executive Survey includes 141 responses across 10 markets, with representation from pure WM firms, universal banks, independent broker/dealer firms, and family offices. The 2025 Relationship Manager Survey, executed by Phronesis Partners, includes 1,306 responses across twelve markets.

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

    Get The Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom, and the United States. It was ranked #1 in the world for the quality of its research by independent analysts for six consecutive times – an industry first.
    Visit us at www.capgemini.com/researchinstitute

    1 HNWIs are high-net-worth individuals with investable assets of USD1 million or more, excluding their primary residence, collectibles, consumables, and consumer durables. HNWIs are segmented into three categories based on wealth bands: Ultra-HNWIs (USD30 million or more), Mid-Tier Millionaires (USD5-30M) and Millionaires Next Door (USD1-5M).
    2 Alternative investments include commodities, currencies, private equity, hedge funds, structured products, and digital assets
    3 UBS, “Global Wealth Report 2024”
    4 Gen X (aged 44 to 59 years as of 2025), millennial (aged 28-43 years as of 2025), and Gen Z (12 to 27 years as of 2025) inheritors are referenced as “next-gen HNWIs” to signify the generational shift in HNWI wealth

    Attachment

    The MIL Network –

  • MIL-OSI Video: Live-fire exercise EXPLAINED

    Source: US Army (video statements)

    Live-fire exercises provide critical hands-on experience, helping troops build confidence and readiness in real-world combat scenarios.

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

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

    https://www.youtube.com/watch?v=iHG2dc7_ySw

    MIL OSI Video –

  • MIL-OSI: DMG Blockchain Solutions Announces Preliminary May Operational Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces its preliminary operational results for May 2025:

    • Bitcoin mined: 31 BTC (vs 30 BTC in Apr 2025)
    • Hashrate: 1.89 EH/s (vs 1.93 EH/s in Apr 2025)
    • Bitcoin balance: 350 BTC (vs 351 BTC in Apr 2025)

    During May 2025, DMG’s realized hashrate was 1.89 EH/s, approximately flat compared to April’s reported 1.93 EH/s. The Company reached its 2.1 EH/s hashrate target in early May, supported by the deployment of additional Bitmain S21+ Hydro miners. Throughout May, DMG reduced the hashrate of a portion of its fleet—particularly its Bitmain T21 miners—in response to rising ambient temperatures. The Company also continued to experience hydro infrastructure challenges, although its hydro-cooled miners continued to perform well.

    DMG’s bitcoin balance of 350 BTC at the end of May was similar to the prior month end. The Company sold bitcoin during the month to fund operating expenses and further reduce its loan balance with Sygnum Bank, in line with prior guidance.

    DMG’s CEO, Sheldon Bennett, commented, “In May, we mined 31 bitcoin on a hashrate of 1.89 EH/s, even as we incurred seasonal headwinds and infrastructure-related challenges. Our bitcoin balance remained stable as we continued to allocate proceeds toward paying operational costs and reducing debt. While we strive to remain competitive in Bitcoin mining to ensure sustained cash generation, we continue to be encouraged by our progress to secure colocation and off-take agreements for artificial intelligence infrastructure as well as new clients for our Systemic Trust digital asset custody subsidiary.”

    About DMG Blockchain Solutions Inc.

    DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner.

    For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights.

    For further information, please contact:

    On behalf of the Board of Directors,

    Sheldon Bennett, CEO & Director
    Tel: +1 (778) 300-5406
    Email: investors@dmgblockchain.com
    Web: www.dmgblockchain.com

    For Investor Relations:
    investors@dmgblockchain.com

    For Media Inquiries:
    Chantelle Borrelli
    Head of Communications
    chantelle@dmgblockchain.com

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

    Cautionary Note Regarding Forward-Looking Information

    This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG’s strategies and plans, executing on DMG’s broader strategy to shift its data center capacity towards AI, securing high-value AI off-take and colocation agreements, securing new clients for the Systemic Trust digital asset custody subsidiary, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company’s products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the potential trimming of self-mining due to higher ambient temperature environment, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

    Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.

    Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

    Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

    The MIL Network –

  • MIL-Evening Report: How physicists used antimatter, supercomputers and giant magnets to solve a 20-year-old mystery

    Source: The Conversation (Au and NZ) – By Finn Stokes, Ramsay Fellow in Physics, University of Adelaide

    Cindy Arnold, Fermilab

    Physicists are always searching for new theories to improve our understanding of the universe and resolve big unanswered questions.

    But there’s a problem. How do you search for undiscovered forces or particles when you don’t know what they look like?

    Take dark matter. We see signs of this mysterious cosmic phenomenon throughout the universe, but what could it possibly be made of? Whatever it is, we’re going to need new physics to understand what’s going on.

    Thanks to a new experimental result published today, and the new theoretical calculations that accompany it, we may now have an idea what this new physics should look like – and maybe even some clues about dark matter.

    Meet the muon

    For 20 years, one of the most promising signs of new physics has been
    a tiny inconsistency in the magnetism of a particle called the muon. The muon is a lot like an electron but is much heavier.

    Muons are produced when cosmic rays – high-energy particles from space – hit Earth’s atmosphere. Roughly 50 of these muons pass through your body every second.

    Muons travel through solid objects much better than x-rays, so they are useful for finding out what is inside large structures. For example, they have been used to look for hidden chambers in Egyptian and Mexican pyramids; to study magma chambers inside volcanoes to predict volcanic eruptions; and to safely see inside the Fukushima nuclear reactor after it melted down.

    A tiny crack in physics?

    In 2006, researchers at Brookhaven National Laboratory in the United States measured the strength of the muon’s magnetism incredibly precisely.

    Their measurement was accurate to roughly six parts in ten billion. This is equivalent to measuring the mass of a loaded freight train to ten grams. This was compared to a similarly impressive theoretical calculation.

    When researchers compared the two numbers, they found a tiny but significant difference, indicating a mismatch between theory and experiment. Had they finally found the new physics they’d been looking for?

    A better experiment

    To find a definitive answer, the international scientific community started a 20-year program to increase the precision of both results.

    The huge electromagnet from the original experiment was loaded onto a barge and shipped down the east coast of the US and then up the Mississippi River to Chicago. There, it was installed at Fermilab for a completely overhauled experiment.

    The giant ring of magnets used to study the muon’s magnetism was shipped from New York to Chicago in 2013.
    Reidar Hahn/ Fermilab

    Just this morning, researchers announced they had finished that experiment. Their final result for the strength of the muon’s magnetism is 4.4 times more precise, at one-and-a-half parts in ten billion.

    And better calculations

    To keep up, theorists had to make sweeping improvements too. They formed the Muon g-2 Theory Initiative, an international collaboration of more than 100 scientists, dedicated to making an accurate theoretical prediction.

    They computed the contributions to the muon’s magnetism from more than 10,000 factors. They even included a particle called the Higgs boson, which was only discovered in 2012.

    But there was one last sticking point: the strong nuclear force, one of the universe’s four fundamental forces. In particular, computing the largest contribution to the result from the strong nuclear force was no easy feat.

    Antimatter vs supercomputers

    It was not possible to compute this contribution in the same way as the others, so we needed a different approach.

    In 2020, the Theory Initiative turned to collisions between electrons and their antimatter counterparts: positrons. Measurements of these electron–positron collisions provided the missing values we needed.

    Put together with all the other parts, this gave a result that strongly disagreed with the latest experimental measurement. The disagreement was almost strong enough to announce the discovery of new physics.

    Simulations carried out with the Hawk supercomputer at the High-Performance Computing Center Stuttgart resolved the discrepancy between calculations and experiment.
    Marijan Murat/picture alliance via Getty Images

    At the same time, I was exploring a different approach. Along with my colleagues in the Budapest-Marseille-Wuppertal collaboration, we performed a supercomputer simulation of this strong contribution.

    Our result eliminated the tension between theory and experiment. However, now we had a new tension: between our simulation and the electron–positron results which had withstood 20 years of scrutiny. How could those 20-year-old results be wrong?

    Hints of new physics disappear

    Since then, two other groups have produced full simulations that agree with ours, and many more have validated parts of our result. We have also produced a new, overhauled simulation that almost doubles our precision (released as a preprint, which has not yet been peer-reviewed or published in a scientific journal).

    To ensure these new simulations weren’t affected by any preconceptions, they were performed “blind”. The simulation data was multiplied by an unknown number before being analysed, so we didn’t know what a “good” or “bad” result would be.

    We then held a nerve-wracking and exciting meeting. The blinding factor was revealed, and we found out the results of years of work all at once. After all this, our latest result agrees even better with the experimental measurement of the muon’s magnetism.

    But others emerge

    The Muon g-2 Theory Initiative has moved to using the simulation results instead of the electron-positron data in its official prediction, and the hint of new physics seems to be gone.

    Except … why does the electron–positron data disagree? Physicists around the globe have studied this question extensively, and one exciting suggestion is a hypothetical particle called a “dark photon”.

    Not only could the dark photon explain the difference between the latest muon results and the electron–positron experiments, but (if it exists) it could also explain how dark matter relates to ordinary matter.

    Finn Stokes receives in-kind funding from the National Computational Infrastructure through the National Computational Merit Allocation Scheme. They are supported by a Ramsay Fellowship from the University of Adelaide.

    – ref. How physicists used antimatter, supercomputers and giant magnets to solve a 20-year-old mystery – https://theconversation.com/how-physicists-used-antimatter-supercomputers-and-giant-magnets-to-solve-a-20-year-old-mystery-257891

    MIL OSI Analysis – EveningReport.nz –