NewzIntel.com

Category: Business

  • MIL-OSI Africa: Curtain falls on African Development Bank Group 2025 Annual Meetings, New President Elected

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 30, 2025/APO Group/ —

    • Nigeria provides $500 million to extend the Nigeria Trust Fund for another 15 years 
    • “It has been the greatest honour of my life to serve as president of the African Development Bank Group and to serve Africa “– Dr. Akinwumi Adesina 

    The African Development Bank Group’s 2025 Annual Meetings (www.AfDB.org) closed on Friday with a plenary session, following five days of meetings and discussions on Africa’s development landscape. The meetings also saw the election of a new president for a five-year term, beginning 1 September.  

    On Thursday, governors of the Group’s 81 shareholders elected former finance minister Mauritanian Sidi Ould Tah as the new president of the continent’s premier development institution. 

    The meetings were held in Abidjan, Côte d’Ivoire from 26-30 May under the theme: Making Africa’s Capital Work Better for Africa’s Development—a call for leaders to ditch aid and look inwards to Africa’s rich capital to solve its development and economic challenges. 

    Secretary General of the Bank Vincent Nmehielle described the meetings as a “resounding success”. He thanked Nialé Kaba, Minister of Economy, Planning and Development, outgoing Chairperson of the Boards of Governors, for her “sterling work, dedication and guidance of her duties over the past year.” He also thanked the 81 governors—finance ministers, economy ministers or central bank governors representing each of the African Development Bank’s shareholder countries. 

    Thirteen outgoing executive directors who have finished their term of office were recognized. Together, they represent a 75 percent change in the board composition for the next year. 

    Outgoing President Dr. Akinwumi Adesina expressed his best wishes to the president-elect. 

    “I am delighted for my brother and friend on his election as president of the African Development Bank Group. Hearty congratulations! I wish you great success in the years ahead,” Adesina said.  

    Participants also heard video congratulatory messages to Adesina from world leaders, including World Bank head Ajay Banga and Ngozi Okonjo-Iweala, director general of the World Trade Organization. 

    The Board of Governors also sent a congratulatory message conveyed through the Bank governor for Zambia, Situmbeko Musokotwan, Minister of Finance and National Planning. “We thank you for the remarkable results,” he said. 

    The meetings also saw new milestones for the Bank. 

    On Thursday, the Bank signed an agreement with the Finance ministry of Nigeria to extend the Nigeria Trust Fund (https://apo-opa.co/4ko9r9u)—for another 15 years. Nigeria provided an additional $500 million to the Nigeria Trust Fund. “An impressive contribution. Thank you, Nigeria,” Adesina said. 

    The Nigeria Trust Fund, the third arm of the Bank Group, is a self-sustaining revolving fund set up to assist the development efforts of the Bank’s low-income regional member countries whose economic and social conditions and prospects require concessional financing. Its resources are allocated to projects, not to countries. 

    “I am glad this agreement was signed a day before the end of the meetings,” Adesina said. 

    In an emotional farewell, Adesina sang a few of his favorite songs—Johnny Nash’s “I can see clearly now,” and Bob Geldof’s “We are the World.” 

    “This is my last Annual Meetings as president of the African Development Bank Group, after completing two five-year terms,” Adesina said. “It has been an extraordinary ten years working together… Thank you for the opportunity, trust and resources you gave me to serve as President of the African Development Bank Group. It has been the greatest honour of my life to serve as President of the African Development Bank Group and to serve Africa.”  

    In a short ceremony Kaba, handed the African Development Bank’s flag to Congolese Economy minister Ludovic Ngatse and announced that the 2026 Annual Meetings of the Bank Group will take place in Congo Brazzaville from 25-29 May 2026. 

    Speaking on behalf of Ivorian Prime Minister Robert Beugre, Kaba also thanked all participants “for contributing to the strategic reflection and solidarity with a view to steering our continent to a better future. and Cote d’Ivoire, the host country.” 

    In addition to the official programme, 60 side events as well as cultural events and a spouse’s programme were part of this year’s colourful meetings. 

    To review sessions you missed or for any information on the Annual Meetings, click here (https://apo-opa.co/43T3MlS). 

    MIL OSI Africa –

  • MIL-OSI: KIS Finance Unpacks the Global Ripple Effects of Trump’s Presidency in “The Trump Legacy” Analysis

    Source: GlobeNewswire (MIL-OSI)

    London, UK , May 30, 2025 (GLOBE NEWSWIRE) — KIS Finance has published a comprehensive article titled “The Trump Legacy: The Most Significant President,” offering a critical examination of the far-reaching effects of Donald Trump’s presidency on global economics, politics, and democratic institutions.

    The article delves into the consequences of Trump’s aggressive trade policies, including the imposition of tariffs at levels not seen in nearly a century, which have sparked unprecedented trade wars and economic uncertainty worldwide. It highlights the resulting volatility in the U.S. dollar, a decline in foreign investment, and the erosion of trust in American financial markets.

    Beyond economics, the piece explores the geopolitical shifts prompted by Trump’s foreign policy decisions, notably the retreat from traditional alliances and the inadvertent empowerment of rival nations like China. It also addresses concerns over democratic backsliding, citing instances of institutional undermining and the propagation of misinformation.

    “The Trump Legacy” serves as a crucial resource for understanding the lasting implications of Trump’s leadership on the international stage. It underscores the importance of informed analysis in navigating the complexities of contemporary global affairs.

    About KIS Finance

    KIS Finance is a UK-based financial services company specialising in bridging loans and financial news analysis. Committed to providing insightful commentary on economic developments, KIS Finance aims to inform and guide readers through the evolving financial landscape.

    Press Contact

    Alan Andrews
    Alan@kisfinance.co.uk

    The MIL Network –

  • MIL-OSI Africa: Libya becomes a full participating state and shareholder of Afreximbank

    Source: Africa Press Organisation – English (2) – Report:

    CAIRO, Egypt, May 30, 2025/APO Group/ —

    The State of Libya has taken a critical step towards its full membership of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) with the acquisition of shares in the African multilateral Bank, making the country both a participating state and a shareholder of the Bank. The country submitted its payment for the acquisition of the Bank’s shares on 13 May 2025.  

    Libya acceded to Afreximbank’s Establishment Agreement in October 2024, becoming the 52nd African nation to do so, and marking an important step towards full continental coverage and advancement of the Bank’s continental integration agenda; through trade and investments. 

    The acquisition of Afreximbank’s shares by Libya further strengthens ties with the oil rich nation and enhances critical support to the Libyan economy. Target areas of intervention by Afreximbank include infrastructure and oil and gas, and export of manufactured goods to the rest of Africa, while also supporting regional integration projects targeting other countries in North Africa. 

    “Libya’s shareholding in Afreximbank puts the Bank in a strong position to support the government’s reconstruction efforts while also helping to deepen its regional connectivity through investments in critical projects such as the oil pipeline and road projects between Egypt and Libya, and the electricity transmission and linkage project covering Libya, Tunisia, and Algeria. It reaffirms the confidence of African governments in their Pan-African Multilateral Financial Institution,” said Prof. Benedict Oramah, President and Chairman of the Board of Directors, of Afreximbank.  

    Prof. Oramah commended Libya for its investment in the Bank which demonstrates increased confidence in the organisation’s activities, primarily its mandate of transforming African Trade. He noted that the shareholding in the Bank will help to expand its services, reach and influence in the region, besides enhancing its capital base.  

    In acceding to the Establishment Agreement, His Excellency Dr. Khaled Al-Mabrouk Abdullah, Minister of Finance for the State of Libya, highlighted the importance of the partnership in supporting reconstruction and economic diversification efforts in his country and said that the nation’s accession was a milestone in its journey towards rebuilding its economy and re-establishing its role as a regional trading hub. He said: “Libya is grateful to His Excellency, Prof. Benedict Oramah, President and Chairman of the Board of Directors, of Afreximbank, for his persistent efforts in facilitating Libya’s full participation in the Bank’s foundational agreement. The acquisition of shares in Afreximbank solidifies Libya’s position as a full member state and shareholder in this esteemed multilateral African institution. This represents a historic achievement, following our accession to the Bank’s Establishment Agreement in October 2024. 

    “We regard this development as a critical step forward in Libya’s journey towards greater economic integration within the African continent. Our accession as the 52nd African nation to Afreximbank underscores our commitment to fostering robust trade and investment relationships across Africa.” 

    Dr. Abdullah noted that the partnership between Libya and Afreximbank would help unlock new avenues for economic growth, diversification, and development in his country. “We eagerly anticipate leveraging the Bank’s expertise and resources to support our national economic agenda and to contribute effectively to the advancement of intra-African trade and continental integration. We commend Afreximbank for its unwavering commitment to African economic advancement and look forward to a fruitful and mutually beneficial collaboration,” he added.  

    MIL OSI Africa –

  • MIL-OSI Africa: In the Democratic Republic of Congo (DRC), the African Development Bank is accelerating the transformation of infrastructure and access to basic social services

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, May 30, 2025/APO Group/ —

    Roads in Kenge, Kikwit, Tshikapa, Kamuensha, and Mbuji-Mayi have been completely rehabilitated, new stretches of road built, and urban roads modernized. Numerous examples of socioeconomic infrastructure have also benefited from the financial support of the African Development Bank Group (www.AfDB.org), helping to transform the daily lives of hundreds of thousands of Congolese.

    A multi-sectoral mission from the government of the Democratic Republic of Congo (DRC) and the African Development Bank witnessed the impact of these investments during field visits to the five municipalities in western DRC between 5 and 19 May 2025. More specifically, the three projects, financed by the Bank, focus on rehabilitating road infrastructure, enhancing air safety, and improving access to basic social services.

    Health centres, hydraulic structures equipped with modern technology, provincial rural markets, schools, a refurbished runway in Mbuji-Mayi, and air safety equipment meeting international standards are just some of the successes the joint mission was able to witness.

    “The mission measured the concrete impact of the projects supported by the Bank in Kasai. From roads to social infrastructure and air safety, progress is visible and is transforming the lives of the population. We pay tribute to the work completed and remain committed to consolidating the gains achieved, in particular with the extension of the Mbuji-Mayi runway to make it a hub that meets international standards,” commented Mohamed Coulibaly, Country Programme Manager in charge of the Bank Group’s Office in the Democratic Republic of Congo.

    Opening a key route in the road network

    The first stage of the mission concerned the project to rehabilitate the Kinshasa/Ndjili-Batshamba section of national road no. 1. The project involves the rehabilitation of 622 kilometres of road between Kinshasa and Batshamba via Kenge and Kikwit, a key route in the Congolese road network. In the past, this strategic corridor was virtually impassable due to the advanced deterioration of the road surface and a series of sinkholes, and took several days or in some cases weeks, to drive along. Thanks to $68.57 million in funding from the African Development Bank, the work carried out now means the route can be travelled safely in less than a day. This improves connectivity between the capital and the provinces of Mai-Ndombe, Kwango, Kwilu and Kasaï.

    “In addition to asphalting the road, the Bank has financed the construction and equipping of schools, health centres, boreholes, rural markets, social reintegration centres, administrative buildings, a modern market and weigh stations along the route, as well as the rehabilitation of over 700 kilometres of rural roads,” explains Jean Luemba, the RN1 project coordinator. The Bank has also provided substantial logistical support (vehicles and IT equipment) to the state structures involved in the projects.

    Ultimately, this initiative will benefit over 19 million people by facilitating access to markets, improving the availability of agricultural products and food security, and supporting mobility and economic activities.

    Significant progress in social infrastructure

    In terms of social infrastructure, the achievements of the second phase of the Project for the Reinforcement of Socioeconomic Infrastructure in the Central Region (PRISE II) are significant: most of the construction work on schools, health centres, public latrines, and rural markets has been completed or is nearing completion. The execution rate is estimated at 75%. As for the 41 schools under construction, most are ready for handover. The same applies to the 40 health centres, whose buildings have been completed. Public markets are also making good progress, with several structures already operational.

    In addition, the project has planned community awareness-raising and vocational training activities, including training young people in plumbing, promoting hygiene and local water governance. During the joint mission, the national authorities reiterated their willingness to broaden the scope of the “PRISE” project by integrating geophysical studies into the Drinking Water Supply and Sanitation Programme, thus supporting the national ambition of universal coverage in this area. The project’s aim is to reach over 870,000 direct beneficiaries in 10 provinces, by improving access rates to water, sanitation, health and education.

    Advanced airport infrastructure

    In the air transport sector, a visit to the second phase of the Priority Air Safety Project (PPSA2) revealed remarkable progress in the rehabilitation and extension of the Mbuji-Mayi runway. Around 85% of the 320-metre runway has already been completed. The new tarmac is 95% complete, while the ramp, service road and runway end safety areas (RESA) are 70 to 75% complete. Vital technical infrastructure such as the control tower, power plant, fire station, and lighting system are nearing completion. At Kisangani-Bangoka international airport, the aircraft movement areas, taxiways and tarmac have been completely rehabilitated, and two turn pads have been installed.

    In addition, six radio navigation systems (DVOR/DME) have been deployed at Goma, Mbuji-Mayi, Kindu, Kinshasa, Lubumbashi, and Mbandaka, enhancing the safety of domestic flights. Eight VHF radio channels have also been installed at several secondary airports to improve aeronautical communication. The upgrading of equipment, combined with capacity-building for technical staff, has reduced the number of air accidents in the DRC from an average of 10 to one a year.

    The project also includes training for the Régie des voies aériennes staff in the following areas: safety and air bases, maintenance techniques and project management for the Régie, and air transport inspectors for the Civil Aviation Authority.

    At the end of the visit, the mission underlined the technical quality of the work carried out, the commitment of the contractors and local ownership. In Tshikapa, a local resident declared: “Tshikapa today is the African Development Bank!”, testifying to the visibility and tangible impact of the projects on the daily lives of the local population.

    These results also illustrate the importance of close coordination between the Bank, the Congolese government and technical and financial partners, including the European Union and the World Bank, which were also involved in the construction of certain sections of the RN1.

    MIL OSI Africa –

  • MIL-OSI USA: With Over $42 BILLION In Vital Broadband Funding Still Held Up By Trump Administration, Leader Schumer, Ranking Member Cantwell, And Senator Luján Demand Admin Stop The Delays & Immediately Release The Funding Into American Communities; Senators Say 25 Million Americans Still Lack High-Speed Internet As Bipartisan Funding Lingers

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Washington, D.C. – Today, Senate Democratic Leader Chuck Schumer (D-NY), along with Commerce Committee Ranking Member Maria Cantwell (D-WA), and Senator Ben Ray Luján (D-NM), sent the following letter to Commerce Secretary Lutnick and President Trump demanding that the Commerce Department immediately release the $42 billion allocated for the Broadband Equity, Access and Deployment (BEAD) Program.

    Today, Senate Democratic Leader Chuck Schumer (D-NY), along with Ranking Member of the Commerce Committee, Maria Cantwell (D-WA), and Ranking Member of the Senate Commerce Committee’s Subcommittee on Telecommunications and Media, Ben Ray Luján (D-NM), sent the following letter to Commerce Secretary Howard Lutnick and President Trump demanding the immediate release the $42 billion allocated for the Broadband Equity, Access and Deployment (BEAD) Program as part of the bipartisan Infrastructure Investment and Jobs Act. This program was designed to help our country on its path to creating universal access to high-speed internet – vital for remote work, education, job training and applications, telehealth, emergency services, and more. With the endless delays to get the crucial funding out the door and into American communities, 25 million people across our country risk going without access to the internet. 

    “States have spent years developing implementation plans under the BEAD program to reach every American with high-speed internet access. These plans reflect local needs, technical realities, and the bipartisan intent of Congress,” the Senators wrote. “States are ready to put shovels in the ground and have been waiting for months to get started connecting communities and building networks that will support the industries of tomorrow. Additional delays and onerous changes to the program at this stage threaten to further stall urgently needed deployment and leave communities behind.”

    The Senators also noted that beyond everyday applications of high-speed internet, this money is also essential to ensuring that America is able to maintain its competitive edge over countries such as China. Al systems – including data centers, chip manufacturing facilities and more – require access to power and internet. Without proper broadband networks in place, communities will not be able to house these job-creating facilities. Our government must work to ensure that all areas in our country – especially rural ones – are able to contribute to America’s innovative edge and technological dominance. Without BEAD funding getting out the door, these rural communities risk falling either further behind. 

    States have spent months developing plans to break ground and build high-speed, scalable, and reliable networks everywhere. The Trump administration should not throttle this process or delay it just to give more money to the world’s richest man. The Senators urge the immediate and swift release of all BEAD program funding.

    BEAD Grant Allocations By State

    State Amount
    Texas $3,312,616,455.45
    California $1,864,136,508.93
    Missouri $1,736,302,708.39
    Michigan $1,559,362,479.29
    North Carolina $1,532,999,481.15
    Virginia $1,481,489,572.87
    Alabama $1,401,221,901.77
    Louisiana $1,355,554,552.94
    Georgia $1,307,214,371.30
    Washington $1,227,742,066.30
    West Virginia $1,210,800,969.85
    Mississippi $1,203,561,563.05
    Florida $1,169,947,392.70
    Pennsylvania $1,161,778,272.41
    Kentucky $1,086,172,536.86
    Wisconsin $1,055,823,573.71
    Illinois $1,040,420,751.50
    Arkansas $1,024,303,993.86
    Alaska $1,017,139,672.42
    Arizona $993,112,231.37
    Indiana $868,109,929.79
    Colorado $826,522,650.41
    Tennessee $813,319,680.22
    Oklahoma $797,435,691.25
    Ohio $793,688,107.63
    Oregon $688,914,932.17
    New Mexico $675,372,311.86
    New York $664,618,251.49
    Minnesota $651,839,368.20
    Montana $628,973,798.59
    Idaho $583,256,249.88
    South Carolina $551,535,983.05
    Kansas $451,725,998.15
    Nevada $416,666,229.74
    Iowa $415,331,313.00
    Nebraska $405,281,070.41
    Wyoming $347,877,921.27
    Puerto Rico $334,614,151.70
    Utah $317,399,741.54
    Maine $271,977,723.07
    Maryland $267,738,400.71
    New Jersey $263,689,548.65
    Vermont $228,913,019.08
    South Dakota $207,227,523.92
    New Hampshire $196,560,278.97
    Guam $156,831,733.59
    Hawaii $149,484,493.57
    Massachusetts $147,422,464.39
    Connecticut $144,180,792.71
    North Dakota $130,162,815.12
    Rhode Island    $108,718,820.75
    Delaware $107,748,384.66
    District of Columbia $100,694,786.93
    Northern Mariana Islands $80,796,709.02
    American Samoa $37,564,827.53
    U.S. Virgin Islands $27,103,240.86

    The letter can be seen here and below.

    Dear Sec. Lutnick and President Trump,

    Congress created the Broadband Equity, Access and Deployment (BEAD) Program as part of the bipartisan Infrastructure Investment and Jobs Act to finish the job of connecting everyone and building high-speed, scalable, and reliable networks everywhere. For six months, states have been waiting to break ground on scores of projects, held back only by the Commerce Department’s bureaucratic delays. If states are forced to redo or rework their plans, they will not only miss this year’s construction season but next year’s as well, delaying broadband deployment by years. That’s why we urge the Administration to move swiftly to approve state plans, and release the $42 billion allocated to the states by the BEAD Program. 

    Universal access to high-speed internet is essential for jobs, education, and telehealth—and also for the bandwidth-hungry innovation economy, from artificial intelligence and advanced robotics to smart manufacturing and semiconductor production. Further delay means 25 million Americans continue to wait for high-speed internet and the economic benefits it brings. It also means that we risk falling behind China, which is aggressively building out digital infrastructure to support its AI, advanced manufacturing, and semiconductor ambitions. 

    States have already developed plans to address these needs, and restarting or slowing down the process will only hold back progress. States must maintain the flexibility to choose the highest quality broadband options, rather than be forced by bureaucrats in Washington to funnel funds to Elon Musk’s Starlink, which lacks the scalability, reliability, and speed of fiber or other terrestrial broadband solutions.

    High-speed, reliable, and scalable connectivity is essential for jobs, education, and telehealth. It’s also the backbone for the advanced industries of today and tomorrow. AI systems require massive volumes of data and low-latency networks to operate effectively. Data centers, smart warehouses, robotic assembly lines, and chip fabrication plants all depend on fast, stable, and scalable bandwidth. If we want these job-creating facilities built throughout the United States, including rural areas, we must ensure the infrastructure—including high-speed internet networks—is in place to support them. If we want AI developed and deployed in the United States, if we want to win the race for semiconductor dominance, if we want the next generation of manufacturing jobs to be created here, then we must act now—and we must build the high-speed, high-capacity networks those technologies demand.

    States have spent years developing implementation plans under the BEAD program to reach every American with high-speed internet access. These plans reflect local needs, technical realities, and the bipartisan intent of Congress. States are ready to put shovels in the ground and have been waiting for months to get started connecting communities and building networks that will support the industries of tomorrow. Additional delays and onerous changes to the program at this stage threaten to further stall urgently needed deployment and leave communities behind. 

    We urge you to move forward with the submitted BEAD plans and deliver on the promise of the BEAD program without further delay. Every American and every community needs access to reliable, scalable, and high-speed internet if we are to remain the world’s innovation leader.

    MIL OSI USA News –

  • MIL-OSI USA: Texas’ Brightest, Bravest, And Best

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    As the son of a career Air Force officer who flew B-17s during World War II, I hold the men and women of the United States Armed Forces in the highest regard. That’s why it’s both an honor and a privilege each year to nominate some of our state’s finest young Texans to our nation’s prestigious military service academies.

    What makes this task so special is knowing that some of Texas’ brightest, bravest, and best have chosen to step into a life of service that demands courage and sacrifice. The nomination and selection process is highly competitive, and great care is taken in reviewing hundreds of applications from outstanding high school students from all throughout our state. I am grateful to the current and former service men and women on my academy review board for their assistance in identifying those who are the best fit for this unique and tremendously rewarding university experience.  

    One of my favorite events each year is inviting all Texas students who are about to embark on their journey to a service academy to my annual send-off ceremony in San Antonio. This year, more than 120 students, along with hundreds of their family members and friends from all across the state, came together to meet their fellow cadets and midshipmen before kick-starting their journey of military service. I take great joy in offering them a few words of encouragement and personally congratulating them on earning admission into some of the most selective and rigorous institutions in the country.

    Every year, I invite a keynote speaker to also address the students. The speaker offers a unique perspective to the students about the career path on which they are about to embark. This year, I was joined by my friend and the President of Texas A&M University, Gen. Mark Welsh III, who spoke about his four decades of service, including his time as the Chief of Staff of the Air Force. 

    The young leaders joining our service academies come from all walks of life across Texas—from families of many generations that have served in the military to first-generation service members. These students have excelled in their academics, ranking at the top of their classes and earning test scores well above their peers. Many have also excelled in extracurricular activities, leading as captains on their varsity team and serving as class presidents. Some have even obtained the rank of Eagle Scout, earned their pilot’s license, are active in JROTC, and are leaders in their schools and churches. But most importantly, their calling to serve our country is what brings them together.

    We also recognize the families who raised these exceptional young men and women, as they are their bedrock of support, instilling strong values and an unwavering sense of duty to serve our country.

    My father flew with the 303rd Bomb Group, 8th Air Force, known as the Hell’s Angels, based in Molesworth, England. His decades of service, including his time as a prisoner of war, taught me to deeply respect and appreciate our military and the sacrifices they make to protect our nation and make the world a safer place. 

    The send-off events I hold are especially meaningful because they take place on Memorial Day, a day of remembrance for those who gave their lives in defense of our freedom. By honoring these heroes, we uphold the values they lived and died for, and seeing a new generation of leaders answering their call to serve is inspiring.

    I am honored to host this event and am grateful to the students and families for embarking on this journey of service and for the sacrifices they will make for our freedom. May God bless our fallen heroes, their families, and our newest service members, and may He continue to bless the United States of America.

    Senator John Cornyn, a Republican from Texas, is a member of the Senate Finance, Intelligence, and Judiciary Committees.

    MIL OSI USA News –

  • MIL-OSI United Nations: Central America and Dominican Republic: Regional Intergovernmental Organizations strengthen national disaster risk reduction financing strategies

    Source: UNISDR Disaster Risk Reduction

    The United Nations Office for Disaster Risk Reduction (UNDRR) has collaborated with the Coordination Centre for the Prevention of Natural Disasters in Central America (CEPREDENAC) and the Council of Ministers of Finance of Central America, Panama and the Dominican Republic (COSEFIN) to enhance disaster risk reduction (DRR) financing across Central America and the Dominican Republic. This partnership marks the region’s initial steps towards establishing a comprehensive regional DRR financing strategy.

    In partnership with the World Bank, UNDRR convened a ministerial meeting that brought together high-level representatives from CEPREDENAC and COSEFIN. At this meeting, the two regional entities issued a joint declaration, committing to work with their Member States to improve financing for DRR.

    Ministers of Finance and DRR authorities reaffirmed their “regional commitment to promote resilient and sustainable public investment, ensuring alignment with regional DRR guidelines and the search for innovative and sustainable financing mechanisms.” This led to the establishment of a technical support group-comprising CEPREDENAC, COSEFIN, the World Bank, and UNDRR-tasked with developing a regional DRR financing strategy designed to complement and strengthen existing national strategies.

    By shaping regional policy and encouraging intergovernmental collaboration, UNDRR and its partners have generated momentum for innovative financing approaches to resilience, thus contributing to enhanced protection for communities throughout the region. The Minister of Finance of Costa Rica, Mr. Nogui Acosta, remarked, “The impacts on one country affect all others, so we should address these issues at a regional level.” He further emphasized the importance of prospective planning and tailored budgetary approaches to facilitate efficient resource use and risk reduction at national level.

    Key Impacts

    • Strengthening national-regional alignment: The regional commitment – spearheaded by CEPREDENAC, COSEFIN and UNDRR, provides a framework for national governments to align their DRR financing mechanisms with regional guidelines, promoting consistency and coherence across DRR investment strategies.
    • Influencing policy and mobilizing resources: By involving Ministries of Finance alongside DRR authorities, the initiative strengthens the integration of DRR into national public investment planning and budgeting, a cornerstone of effective DRR governance.
    • Supporting national DRR implementation: The emerging regional DRR financing strategy is intended to bolster national DRR strategies, facilitating implementation of commitments under the Sendai Framework, particularly Priority 2 (strengthening disaster risk governance) and Priority 3 (investing in DRR).
    • Enhancing institutional coordination and technical support: The technical support group, involving regional IGOs and global partners, fosters multi-level institutional collaboration and provides sustained technical assistance to national DRR governance structures.
    • Promoting whole-of-government approaches: By framing DRR financing as a cross-sectoral issue of fiscal governance, the initiative integrates DRR into broader national development planning and central government portfolios, thereby encouraging broader institutional engagement and implementation.
    • Elevating DRR financing as a regional-to-local priority: This initiative represents a shift from reactive disaster response to systemic, finance-driven disaster risk governance, highlighting the need for dedicated financing pathways and institutional collaboration across sectors and all levels of government.

    Lessons learned for replication and adaptation

    1. Integrate DRR into national financial planning: Engaging both DRR authorities and Ministries of Finance ensures that DRR is embedded in national budgeting and public investment systems, moving beyond siloed emergency responses.
    2. Leverage regional IGOs to reinforce national action: Regional bodies can catalyse national commitments by promoting shared policy frameworks and facilitating peer learning. In some contexts, their influence may be strengthened through legally binding DRR frameworks (e.g. ASEAN).
    3. Formalize political commitments: Ministerial declarations and joint statements can solidify intent, mandate follow-up actions and foster political momentum for sustained DRR engagement.
    4. Establish technical support mechanisms: Creating regional working groups that include global partners facilitates continuous follow-up and helps countries translate commitments into actionable strategies.
    5. Align with existing frameworks to enhance ownership: Building on national and regional DRR strategies avoids duplication, increases relevance, and supports long-term sustainability and legitimacy.

    MIL OSI United Nations News –

  • MIL-OSI: XenDex Offers Final Presale Access to $XDX as XRP Community Eyes Major Announcements at Las Vegas Conference

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 30, 2025 (GLOBE NEWSWIRE) — XenDex’s $XDX presale is entering its final 24 hours, with most tokens already sold and only a limited allocation remaining for last-minute participants. The timing aligns with growing momentum across the XRP ecosystem, driven by increased community engagement and anticipation surrounding the XRP Las Vegas 2025 Conference. As the first fully integrated decentralized exchange built on the XRP Ledger, XenDex offers a final opportunity to acquire $XDX tokens at presale rates before listings go live.

    $XDX presale

    Once the presale ends, $XDX is expected to be listed on select centralized exchanges currently in discussion with the team—meaning any future purchases will occur at market rates, which may be higher than the current presale price.

    What is XenDex on XRP Blockchain?
    XenDex is a next-generation decentralized exchange built on the XRP Ledger, offering ultra-fast transactions, low fees, and all-in-one DeFi functionality.

    $XDX At Presale Price

    Features and Problems XenDex Aims to Solve on XRP Ledger
    XenDex brings key DeFi solutions to XRP, including:

    • AI Copy Trading: Mirror top traders automatically
    • Lending & Borrowing: Lend or borrow XRP assets without intermediaries
    • Cross-Chain Swaps: Trade XRP tokens across Solana, Ethereum, BNB, and more blockchains
    • DAO Governance: $XDX holders vote on platform upgrades

    Why Should I Buy $XDX?

    Holding $XDX gives users:

    • rewards through Staking and liquidity provision
    • Platform fee discounts
    • Early access to features, airdrops, and listings
    • Voting power on future platform decisions and upgrades

    $XDX At Low Price

    Where Can I Trade $XDX?
    Following the presale, $XDX is expected to become available on multiple centralized exchanges currently in discussion with the XenDex team.

    Is XenDex a Legit Project on XRP?
    Yes, XenDex is built by an experienced team from Cardano and SUI, is undergoing audits, and integrates with Xaman Wallet and XRP Toolkit.

    How Do I Buy $XDX?

    XenDex Presale Details

    • Soft Cap: Reached
    • Hard Cap: Almost Sold Out
    • Time Left: 24 Hours
    • Presale Rate: 150 XRP = 1200 XDX

    Join XenDex Community
    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d7c8ccc2-abf4-461b-a2ea-5a0316b1f201

    The MIL Network –

  • MIL-OSI: Quantum eMotion Announces Upsized Brokered LIFE Financing of C$12,000,000

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

    MONTREAL, May 30, 2025 (GLOBE NEWSWIRE) — Quantum eMotion Corp. (“QeM” or the “Corporation”) (TSX.V: QNC; OTCQB: QNCCF; FSE: 34Q0) is pleased to announce that it has increased the size of its previously announced best efforts brokered private placement due to increased institutional demand for total gross proceeds of C$12,000,000 (the “Offering”), consisting of 8,000,000 units of the Corporation (each a “Unit”) at a price of C$1.50 per Unit (the “Offering Price”), pursuant to the listed issuer financing exemption (the “LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”).

    A.G.P. Canada Investments ULC (“Agent“) is acting as the sole bookrunner and agent for the Offering and A.G.P./Alliance Global Partners is acting as sole U.S. placement agent for the Offering.

    Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the securities issued pursuant to the LIFE Exemption are expected to be immediately freely tradeable and will not be subject to a hold period under applicable Canadian securities laws. The Units may also be offered to persons in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Corporation’s common shares or require the Corporation to be subject to any ongoing disclosure requirements under any domestic securities laws.

    There is an offering document related to the Offering that can be accessed under the Corporation’s profile at www.sedarplus.ca and on the Corporation website at https://www.quantumemotion.com/. Prospective investors should read this offering document before making an investment decision.

    It is expected that closing of the Offering will take place on or about June 2, 2025 (the “Closing Date”). Closing of the Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals.

    This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act” ), and such securities may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons absent registration or an applicable exemption from U.S. registration requirements. “ United States” and “ U.S. persons” have the meanings ascribed to them in Regulation S under the U.S. Securities Act.

    About Quantum eMotion

    The Company’s mission is to address the growing demand for affordable hardware and software security for connected devices. Thanks to its patented Quantum Random Number Generator, QeM has become a pioneering force in classical and quantum cybersecurity solutions. This security solution exploits quantum mechanics’ built-in unpredictability and promises to provide enhanced protection for high-value assets and critical systems. For further information, please visit our website at https://www.quantumemotion.com/ or contact us at: info@quantumemotion.com

    The Company intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Krown Technologies and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.

    For further information, please visit our website at https://www.quantumemotion.com/ or contact:

    Francis Bellido, Chief Executive Officer

    Tel: 514.956.2525

    Email: info@quantumemotion.com

    Website: www.quantumemotion.com

    Cautionary Note regarding Forward-Looking Statements

    This news release contains “forward-looking information” within the meaning of applicable securities laws, which is based upon the Corporation’s current internal expectations, estimates, projections, assumptions and beliefs. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering, the completion of the Offering, if it is to be completed at all; the expected Closing Date; and the completion of the Corporation’s business objectives, and the timing, costs, and benefits thereof. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Corporation. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements or forward-looking information, including, without limitation, risks and uncertainties relating risks inherent to the cybersecurity industry, the value of the Corporation’s intangible assets, completing proof of concept studies, protecting intangible assets rights, timing and availability of external financing on acceptable terms or at all, the possibility that future results will not be consistent with the Corporation’s expectations, increases in costs, changes in legislation and regulation, changes in economic and political conditions and other risks involved in the cybersecurity industry and inherent to new technologies, such as risk of obsolescence, slow adoption and competing technological advances; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca.

    Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or forward-looking information. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on the Corporation and the risks and challenges of its business, investors should review the Corporation’s annual filings that are available at www.sedarplus.ca. The Corporation provides no assurance that forward-looking statements or forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and information. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking information.

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

    The MIL Network –

  • MIL-OSI United Kingdom: Road closures – Race for Life – Inverness

    Source: Scotland – Highland Council

    A number of roads will be closed in Inverness this weekend due to the Race for Life 5K and 10K events.

    The roads order will apply on Sunday 1 June 2025 between 08:00 and 13:30. The restrictions are necessary to ensure the safety of participants in Cancer Research UK’s events.

    Vehicles will not be permitted on the following roads between the above times:

    U3823 Bught Road, Inverness, between its junction with the U3821 Bught Avenue and its junction with the U4158 Ness Walk Upper.

    U4158 Ness Walk Upper, Inverness, between its junction with the U3823 Bught Road and its junction with the U3788 Ballifeary Lane.

    U4158 Ness Walk Upper, Inverness, between its junction with the U3788 Ballifeary Lane and its junction with the U3813 Bishop’s Road.

    U4624 Ardross Terrace, Inverness, between its junction with the U4624 Ness Walk and its junction with the U4624 Ardross Street.

    U4624 Ness Walk, Inverness, closed between its junction with Young Street (forming part of the 8861 Inverness – Leys – lnverarnie Road) and its junction with the U4624 Ardross Terrace.

    Castle Road (forming part of the 8862 Fort Augustus – Whitebridge – Torness – Dares – Inverness Road), Inverness, between its junction with Haugh Road (8862) and its junction with Bridge Street (8861). Access for southbound traffic will be maintained.

    C1201 Ness Bank and Gavell Gardens Road, Inverness, closed to through traffic between its junction with Castle Road (8862) and its junction with Island Bank Road (8862).

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Remarks by Minister of National Defence David McGuinty at CANSEC 2025

    Source: Government of Canada News

    Check Against Delivery

    Vice-Chief of the Defence Staff, Lieutenant-General Kelsey, 
    Members of the Canadian Armed Forces, 
    International delegates, 
    Service members from our Allies and partners, 
    Members of the diplomatic corps, 

    Fellow parliamentarians, 

    And finally, industry partners,

    Good morning everyone, bonjour à tous.

    It’s a privilege to join you for this year’s CANSEC. My thanks to Christyn Cianfarani and everyone at CADSI for organizing this important event, and for bringing us together.

    It is especially an honour to be here as CANSEC is hosted in the electoral district I represent. I want to welcome you all to Ottawa South.

    Many of the companies in this room have a home in the National Capital Region. With over 10,000 workers, Ottawa’s defence sector is a major employer. We have talent working in all aspects of the industry from tech, aerospace, and manufacturing. This is my first major engagement as Minister of National Defence.

    Many of you are new faces—but I’m looking forward to getting to know you, and learning more about how your work strengthens Canada’s defence and security.

    Building a business is difficult. It comes with a lot of uncertainty and financial risk. Without you taking on that risk, we wouldn’t have the equipment and services needed to keep Canadians safe.

    So, thank you, for getting to work, thank you for employing Canadians, and thank you for growing our economy.

    For those of you here today in uniform…
    The people who commit their lives to service…
    Who take on the hardest tasks in the toughest conditions…
    Who are ready at the drop of a hat… 
    Who deserve the best from those of us who support them— 

    Thank you for choosing to serve Canada.

    I’ve been struck by the deep sense of shared purpose I’ve seen—across government and industry—to strengthen our defence capabilities, and ensure our people are equipped for today’s challenges and tomorrow’s threats.

    We have a clear direction, and we’ve made a decision. We’ve decided to act without delay, in close cooperation with our industry partners.

    The global security environment today is volatile and uncertain.

    Russia’s illegal and immoral invasion of Ukraine has stretched into a third, brutal year. China’s imperial ambitions are increasingly clear—in its military buildup and its assertive posture toward other international powers.

    And, states like North Korea and Iran continue to act as destabilizing forces in the Indo-Pacific and the Middle East.

    Canada is not immune to these threats.

    We face real challenges—both military and non-military—that demand an equally strong and coordinated response.

    This includes growing activity in the Arctic, where our competitors have shown little hesitation in challenging Canada’s territorial sovereignty.

    As well as the threats posed by emerging technologies that are changing the very nature of war.

    And we get it.

    We are moving quickly to ensure our military has the tools to defend our country and continent—while remaining an engaged, reliable partner abroad.

    And here is the key message: this work can only be done in partnership with you. 

    It is work that needs the full spectrum of equipment and services offered in this room—from quantum computing to shields to ammunition.

    A new government was elected some four short weeks ago, and having run on a platform to strengthen Canada’s sovereignty and security, your government is moving to take immediate and decisive action to rebuild Canada’s defence capacity, rearm the Canadian Armed Forces, and invest in the Canadian defence industry.

    The commitments we are making will support skilled and reliable jobs and stimulate growth in our communities across the country—including in more than 3,000 communities where the Canadian Armed Forces are present.

    Already, in Canada, defence accounts for two hundred seventy-six thousand direct and indirect jobs.

    Let’s be practical: we see this with the opening of the new B Jetty in CFB Esquimalt, which created close to 1,300 jobs during its construction.

    We see this in our Future Aircrew Training program, an $11.2 billion investment in training the next generation of Canadian aviators – which will create or maintain 3,400 jobs annually across Canada.

    We see this with our River-Class Destroyer project, which will sustain over 5,000 jobs over the next 15 years, many of them in Halifax, Nova Scotia.

    And by sourcing Canadian-made steel, aluminum, and critical minerals, we will multiply the economic benefits and strengthen local industries— like the aluminium industry in Québec.

    But that’s not enough. I share in your ambition to do more.

    Now is the time to scale up our production here at home. Now is the time for government and industry to work together.

    Now is the time for your government to invest in you—to capitalize on the immense and growing defence opportunities.

    Canada’s defence is bolstered by the strong relationships we have with our Allies and international partners.

    We have over fifty international delegates attending CANSEC this year – a testament to the high calibre of the Canadian defence industry.

    And as we strengthen these international ties, there will be opportunities for industry to help us deliver on shared priorities.

    In November, Canada and Australia signed an agreement to work together on researching emerging missile threats, with a focus on countering hypersonic weapon systems.

    And, earlier this year, Prime Minister Carney announced further cooperation with the Australians—investing over six billion dollars in a partnership to develop advanced Over the Horizon Radar capabilities.

    After all, the Canadian Arctic belongs to Canada.

    I want to increase the work our defence industry does with our Allies and partners.

    My promise to you is that I will be: 

    Unafraid to carry the flag of the Canadian defence industry around the globe. 

    Unafraid to champion the innovative and class leading technology of Canadian companies. 

    Unafraid to help you compete on the world stage.

    Our defence industry is world-class.

    Innovative, highly skilled, and globally competitive.

    Yet we need to better harness what you bring to the table.

    In previous engagements between National Defence and industry, many of you raised concerns—about friction points, timelines, and the need for clear, consistent guidance.

    I want to reassure you that your comments have been heard.

    Our forthcoming Defence Industrial Strategy will put your insights into action.

    We’ll build a secure, resilient industrial base that supports long-term defence goals.

    Canada has planned to triple defence spending from 2014 levels by 2030—but, your government is moving to accelerate this.

    Your government will invest more to acquire the necessary equipment the CAF needs to be successful in carrying out its missions.

    We’re also taking real steps to improve how we buy, maintain, and upgrade our equipment. That includes streamlining our requirements and speeding up delivery—so CAF members get the tools they need, faster.

    And we’re moving toward a more regular, ongoing approach to defence planning. One that helps us stay on top of global threats, track our progress, and fix gaps before they grow.

    I don’t need to remind you that the world is changing fast—and this new approach will help us keep up. It will also give more consistency and predictability to our industry partners.

    Having a strong, well-equipped military, supported by a strong defence industrial base, is top priority for me, for the Prime Minister, and for your government—as demonstrated by the PM’s appointment of Canada’s first-ever Secretary of State for Defence Procurement, Stephen Fuhr.

    And as your government promises to do more, we ask that you do more.

    We simply cannot afford to wait a decade for the capabilities we need today.

    We need you to help us meet our ambitious timelines.

    Canadians have a legacy of mobilizing quickly when times get tough.

    During the Second World War, we went from just six ships to the third-largest navy in the world.

    We can—and we will—recapture that same innovative spirit.

    By procuring new equipment we can meet modern challenges.

    But, we need people.

    We need soldiers, aviators, and sailors.

    The people that make up the Canadian Armed Forces are our greatest asset. Without them, we wouldn’t be able to accomplish anything we set out to do.

    Last fiscal year, we surpassed our recruitment goals, bringing in over 6,700 new Regular Force members.

    That’s a 55% increase from the year before.

    And we will build on this success and grow our recruitment numbers even further.

    We’re going to do that by making it easier to serve, by building more housing units on bases, by expanding access to childcare, by providing better training, better equipment, and meaningful opportunities for career growth.

    And by building a culture rooted in dignity, inclusion, and respect for everyone who serves.
    We ask a hell of a lot of our military members and their families. 
    We ask them to be apart for extended periods of time. 
    We ask them to carry out dangerous missions. 
    In fact, we ask them to put the safety of others before their own—in defence of peace, freedom, and democracy.

    That is a lot to ask.

    And no matter the task, they carry out their duties with the utmost skill, dedication, and professionalism.

    To the Canadian Armed Forces members listening: you are simply second to none.

    To conclude we’re ready to work with you to bring this vision for defence, and for Canada’s defence industry, to life. In fact, no government can do this without you.

    Without your risk taking.

    Without your creativity.

    Without your entrepreneurship.

    Our cooperation will ensure our Armed Forces members have everything they need to protect our country and those who call it home.

    And reaffirm Canada’s position as a reliable and valuable partner on the international stage.

    We are seized with the urgency of this task—and I know you are too. Our country is calling on us to take on this responsibility in the defence of Canadians, their security and sovereignty.

    Thank you. Merci.

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: City council welcomes new repairs and maintenance service director.

    Source: City of Stoke-on-Trent

    Published: Friday, 30th May 2025

    Stoke-on-Trent City Council is delighted to welcome Ben Gothard as the Director of their newly created Repairs and Maintenance Service.

    The Repairs and Maintenance of the city council’s 17,500 houses and 600 public buildings, was bought back into the city council in April 2025, having previously been contracted to Unitas Stoke-on-Trent Ltd.

    Having listened to our tenants, the new service is operating with a renewed focus on first time repairs, improved customer service and a more proactive approach to maintenance.

    Ben is due to start in his post on 21 July 2025 and arrives with 20 years’ experience working in Social Housing Repairs and Maintenance and experience of working with Housing Associations and Local Authorities, having previously held the position of Head of Repairs and Maintenance for Sheffield City Council. He will manage all aspects of the RMS Team including Asset Management and Investment, Responsive Repairs and Planned Management.

    Ben said: “I am really passionate about delivering excellent services for customers and it feels like a really exciting time to be joining Stoke on Trent City Council’s team. I am looking forward to concentrating on the improvements already recognised and welcome the opportunity to deliver a top performing service.”

    Councillor Chris Robinson, Cabinet Member for Housing and Planning said: “We’re delighted to welcome Ben to the Repairs and Maintenance Service. His experience and knowledge make him ideally suited to support our expert tradespeople on delivering a service our customers deserve.”

    MIL OSI United Kingdom –

  • MIL-OSI USA: De La Cruz, Sykes Announce Bipartisan Women’s Caucus Shared Agenda for Women and Families

    Source: United States House of Representatives – Monica De La Cruz (TX-15)

    Washington, DC – Co-chairs, Congresswoman Monica De La Cruz (R-TX) and Congresswoman Emilia Strong Sykes (D-OH), along with Vice-Chairs, Congresswoman Nicole Malliotakis (R-NY) and Congresswoman Janelle Bynum (D-OR) announce theBipartisan Women’s Caucus priorities for the 119th Congress.

    The Caucus outlined the following legislative priorities:

    • Caregiving:Exploring ways to better support caregivers

    • Food and Nutrition:Expanding access to healthy and nutritious food

    • Small Business and Entrepreneurship:Promoting programs for women-owned businesses

    • STEM/STEAM:Creating greater opportunities and a pipeline for women and girls

    • Women Veterans:Addressing military sexual trauma and enhancing research on women veterans’ health

    • Violence Against Women:Supporting efforts to promote the economic security of survivors

    • Women’s Health:Strengthening and funding maternal health, mid-life health and expanding IVF insurance coverage

    • Women’s History Museum:Ensuring women’s contributions throughout our country’s history is recognized and honored

    “As Co-Chair of the Bipartisan Women’s Caucus, I’m committed to working across the aisle to advance policies that support women-owned small businesses, strengthen families, and expand access to childcare and elder care.Empowering women is at the heart of our mission, and I look forward to delivering commonsense solutions on the priorities we share.”-Congresswoman Monica De La Cruz (TX-15)

     

    “As the representative for one of the most bipartisan congressional districts in the country, it is an honor to Co-Chair the Bipartisan Women’s Caucus to prioritize real change for women and girls in America. Whether we are working to raise awareness around violence against women, improving women’s health, expanding opportunities for women and girls in STEAM, or engaging in efforts to improve access to healthy foods and ensure food is safe for our children, I am grateful for the opportunity to work with so many amazing women across the political spectrum to make sure that women and girls are not left behind by our government.”–Congresswoman Emilia Strong Sykes (OH-13)

     

    “As Vice-Chair serving in the Bipartisan Women’s Caucus, I remain committed to advancing commonsense, bipartisan policies that support women and families nationwide. We’ve worked to increase the Child Tax Credit and expand women’s health care, support women-owned businesses, advance STEM opportunities, supporting solutions to increase access to child care, and champion a National Women’s History Museum. We’re working across the aisle to empower current and future generations of women and girls.”-Congresswoman Nicole Malliotakis.

     

    “Every day I hear from Oregonians that want lower costs, better jobs, and a fair chance at the American Dream. I remain firmly committed to working across the aisle as Vice-Chair of the Bipartisan Women’s Caucus to deliver real results to improve Americans’ quality of life.”-Congresswoman Janelle Bynum

     

    “In keeping with their 48-year history, the Bipartisan Women’s Caucus’ legislative priorities for the 119th Congress demonstrate their continued commitment to work across the aisle to ensure women and their families are economically secure, healthy and safe. WCPI will continue to work alongside the Caucus to hold regular briefings and engage in thoughtful bipartisan discussions and learning opportunities for Members and congressional staff.”-President of the Women’s Congressional Policy Institute (WCPI) Jennifer Lockwood-Shabat

     

    Background:

    The Congressional Caucus for Women’s Issues was founded in 1977 and later renamed to the Bipartisan Women’s Caucus (BWC). When it was founded, the Caucus included 15 of the 18 women servingin the House of Representatives. Today, nearly one-third of the House are women members. With its founding, the Caucus offered a space for women members to speak in public and with each other about women’s policy issues with the goal of developing, initiating, and promoting bipartisan legislation and public policies for women.

     

    Some of the early accomplishments of the Bipartisan Women’s Caucus included:

    • The Pregnancy Discrimination Act (1978)

    • The Retirement Equity Act (1984)

    • The Women’s Business Ownership Act (1988)

    • The Breast and Cervical Cancer Mortality Prevention Act (1990)

    • The Family and Medical Leave Act (1993)

    • The Violence Against Women Act (1994)

    ###

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Yorkshire Water fined after pumping station sewage incident

    Source: United Kingdom – Executive Government & Departments

    Press release

    Yorkshire Water fined after pumping station sewage incident

    Yorkshire Water has been fined £350,000 after one of its sewage pumping stations polluted a York watercourse.

    Following an investigation by the Environment Agency, the company appeared at York Magistrates’ Court on Friday 30 May for sentencing for two offences – one of illegally polluting Foss Dyke with sewage and another in relation to failing to maintain a pump at the pumping station.

    It had previously pleaded guilty to the two offences in November 2024.

    The court heard that Yorkshire Water was aware Fossbridge Sewage Pumping Station’s backup pump had not been working for five months.

    It had failed to repair it, despite the issue having been noted repeatedly during regular maintenance checks. It should have been fixed within 24 hours.

    Yorkshire Water ‘failed to take action’

    Martin Christmas, Area Environment Manager for the Environment Agency in Yorkshire, said:

    Water companies have a responsibility to ensure their assets are maintained and in working order to protect the environment.

    Yorkshire Water failed to take action despite being aware of the risks posed by one of its pumps being out of action, which led to a sewage spill.

    We expect full compliance and are committed to taking robust enforcement action where we see serious breaches.

    Alongside increased inspections at sewage treatment works, additional enforcement tools and better reporting we’re determined to hold water companies to account.

    Sewage pumping stations pump sewage through the system to sewage treatment works. It is illegal, unless authorised by an environmental permit, to discharge pollution into watercourses.

    Under the environmental permit for Fossbridge Sewage Pumping Station, such a discharge is only allowed in an emergency, such as an electrical or mechanical failure or a blockage, which, if it occurs, must be remedied without delay.

    Fossbridge pumping station has a main pump and a backup pump. There is an emergency overflow pipe which discharges sewage into the River Foss if the station fails, to avoid nearby homes connected to the system from being inundated.

    Sensors enable Yorkshire Water to monitor the station’s performance including power, pump condition, levels and the operation of the emergency overflow.

    Backup pump was blocked

    On 5 October 2017, Yorkshire Water noted the inlet pipe feeding the backup pump was blocked and effluent couldn’t reach it, meaning the pump could not operate.

    Although a job was raised to fix this blockage, and it was noted it needed repairs during several subsequent regular maintenance visits, it was never carried out.

    Comments from Yorkshire Water during interview said the repair of the backup pump was to be done by an external contractor but had ‘got lost in the ether’.

    On 12 March, 2018, the sewage pumping station filled to the point where telemetry alarms sounded indicating a discharge of sewage into Foss Dyke. The alarms were noted at Yorkshire Water’s control centre and attributed to high rainfall.

    High rainfall was not a valid reason as the sewage pumping station was only allowed to discharge in an emergency as set out in its environmental permit and not, as with some water company assets like combined sewer overflows, in ‘storm conditions’.

    Yorkshire Water did not attend the pumping station, despite the data indicating a sewage spill.

    Report of discharge of sewage

    Two days later on 14 March, Yorkshire Water received a report from the public about a discharge of sewage from Fossbridge pumping station.

    It was found the main pump was running but on ‘low amps’ – which indicates a potential air lock – and the backup pump was still not repaired. Yorkshire Water had no functioning pumps at the pumping station.

    The company stopped the discharge and arranged for tankers to transport the sewage away from the pumping station while it was repaired. Reports suggest the pumping station had been discharging intermittently into the watercourse on 12 March, 2018.

    Over the following days, two further discharges took place at the pumping station, one because only one tanker was being used to transport sewage from the pumping station and it had not been able to keep up with the flow, and another after the main pump blocked again.

    Water samples showed high ammonia levels in the watercourse.

    If members of the public see any signs of pollution, they should report it to the environment Agency’s incident hotline on 0800 807060.

    Background

    Full charges

    • Yorkshire Water Services Limited between 11 and 19 March 2018, caused a water discharge activity, namely the discharge of sewage into the Foss Dyke near York which was not authorised by an environmental permit.

    Contrary to Regulation 38(1)(a) and Regulation 12(1)(b) of the Environmental Permitting (England and Wales) Regulations 2016.  

    • Yorkshire Water Services Limited between 1 October 2017 and 19 March 2018 at Fossbridge Sewage Pumping Station, York, failed to comply with condition 1.6.2 of Environmental Permit number 27/24/0440, in that the company failed to maintain the standby pump in working order.

    Contrary to regulation 38(2) of the Environmental Permitting (England and Wales) Regulations 2016.

    Updates to this page

    Published 30 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Government completes exit from NatWest

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government completes exit from NatWest

    Final share sale ends nearly 17 years of public ownership

    • Final share sale ends nearly 17 years of public ownership 
    • Millions of savers and businesses protected during the financial crisis 
    • Taxpayers prioritised through value-for-money sales at market price since this government came to office

    The government has sold its remaining shares in NatWest Group (formerly Royal Bank of Scotland, RBS) — ending public ownership that began when it stepped in to protect millions of savers and businesses during the financial crisis.

    That intervention prevented the UK economy and financial system from going over the edge – protecting millions of savers, businesses and jobs.  

    Over 2008 and 2009, the government provided £45.5 billion to stabilise RBS (now NatWest), which at the time was one of the largest banks in the world- with over 40 million customers and operations in more than 50 countries. 

    Chancellor of the Exchequer, Rachel Reeves, said: 

    Nearly two decades ago, the then Government stepped in to protect millions of savers and businesses from the consequences of the collapse of RBS. That was the right decision then to secure the economy and NatWest’s return to private ownership turns the page on a significant chapter in this country’s history. We protected the economy in a time of crisis nearly seventeen years ago, now we are focused on securing Britain’s future in a new era of global change.

    Economic Secretary to the Treasury, Emma Reynolds said: 

    Bringing NatWest fully back into private ownership marks a significant milestone for the UK banking sector following the financial crisis.  

    Since coming into government, we have halted the NatWest retail share sale, which could have cost taxpayers hundreds of millions. Instead, we put taxpayers first by only selling NatWest shares at market value— securing more money to invest in vital public services.

    To date, £35 billion has been returned to the Exchequer through share sales, dividends and fees. While this is around £10.5 billion less than the original support, the alternative would have been a collapse with far greater economic costs and social consequences.

    The Office for Budget Responsibility are clear on this point: the cost of doing nothing would almost certainly have been far greater than the difference between the capital injected and proceeds returned.  

    Allowing the bank to fail would have devastated people’s savings, mortgages and livelihoods — and shattered confidence in the UK’s financial system. 

    Since taking office in 2024, the government has prioritised securing value for taxpayers — scrapping plans for a retail sale that could have cost hundreds of millions of pounds due to the need to sell shares at a discounted price to attract retail buyers. 

    Instead, shares were sold only at market price and when it represented value for money  — helping fund the Plan for Change to invest in the NHS, education and defence. 

    The government has now exited all banking sector interventions made during the financial crisis.

    Notes to editors

    • Shares were sold through three accelerated bookbuilds in 2015 (£2.1bn), 2018 (£2.5bn), 2021 (£1.1bn), five directed buybacks of shares by NatWest in March 2021 (£1.1bn), March 2022 (£1.2bn), May 2023 (£1.3bn), May 2024 (£1.2bn), and November 2024 (£1bn), and a trading plan from 2021–2025
    • The final shares were sold through the trading plan on 30 May 2025. In total, the trading plan generated over £13.2bn in proceeds from sales of NatWest shares
    • Peak government stake in RBS was 84.4%
    • A retail sale, proposed under the previous government, was cancelled in 2024 due to the additional costs to taxpayers, estimated in the hundreds of millions
    • UK Government Investments (UKGI), who managed the shareholding on behalf of HMT, ensured all sales delivered value for money
    • Explainer of total amount received by government in relation to NatWest shareholding:
    Type Amount (£bn) Comments
    Sale proceeds 24.77 Total combined proceeds from sales of the shareholding between 2015 and 2025.
    Dividends 4.91 Total combined dividends received since the bank recommenced dividend payments in 2018.
    Dividend Access Share 1.51 Combined value of payments made to retire the DAS, which provided enhanced dividend rights to HMT following the provision of capital support to RBS. The DAS was retired in 2016.
    Asset Protection Scheme fees 2.50 Fees paid by RBS in exchange for its participation in the APS, which protected against exceptional credit losses on certain portfolios of assets. RBS exited the APS in 2012.
    Contingent Capital Facility fees 1.28 Fees paid in return for the provision of an £8bn CCF to RBS by HMT in 2009. The CCF was terminated in 2013.
    Total £34.98  
    *Numbers may not sum due to rounding    

    Updates to this page

    Published 30 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: High School Teams from Across North Carolina Amaze in Ready, Set, App! Competition

    Source: US State of North Carolina

    Headline: High School Teams from Across North Carolina Amaze in Ready, Set, App! Competition

    High School Teams from Across North Carolina Amaze in Ready, Set, App! Competition
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced the three winning North Carolina high school teams of the sixth annual Ready, Set, App! competition. Nine student teams from across the state attended the final event to pitch their original mobile apps to a panel of business and tech-industry professionals along with a live audience of family members, teachers, and peers.

    “I am proud to recognize these competitors for their technical acumen and hard work to develop apps that will make a difference for their friends, family, and neighbors,” said Governor Josh Stein. “We must expand opportunity so that students can apply what they learn in the classroom to solve real problems. I look forward to seeing all that these students achieve in the future.”

    The following teams were selected as the winners for this year’s competition:

    • First place was ASLephant from Mallard Creek High School in Mecklenburg County, who created an app to teach users about the foundations of American Sign Language (ASL) through a gamified leveling system, which features unique quizzes and flashcards. Team members include Elizabeth Bui, Linh Thai, and Laylah Pegues. Watch ASLephant’s presentation here.
    • Second place went to Color Catch from the North Carolina School of Science and Mathematics – Morganton in Burke County. Their app empowers individuals with color blindness by enabling them to easily identify the colors of everyday objects, enhancing their independence. Team members include Rohin Patel, Avika Gera, Peter Tenholder, Sai Yadavalli, and Ishaan Joshy. Watch Color Catch’s presentation here.
    • Third place was ApneaAid from Enloe High School in Wake County, who created an AI-powered app that detects sleep apnea risk using your phone’s microphone and provides unique recommendations and trends to improve sleep quality. Team members include Madhav Annachi, Sehajpreet Bajwa, Aarush Jain, Ahan Jaiswal, Abhinay Ruddarraju. Watch ApneaAid’s presentation here. 

    The Ready, Set, App competition is hosted by the North Carolina Business Committee for Education (NCBCE), a business-led, education non-profit within the Governor’s Office, and sponsored by Lenovo. The contest challenges student teams to design and develop an original android mobile application to solve a problem in their school or community. 

    This year, Ready, Set, App! teams are comprised of three to five students along with an advisor. The competition set participation records this year, engaging 425 students with 107 teams from across 30 counties. From the registered teams, 51 submitted completed projects, including a full app demonstration accompanied by a compelling video pitch. Projects were then judged by Lenovo professionals, educators, business leaders, and government officials to determine the nine finalists. Teams then pitched their apps on stage at the Lenovo headquarters in Morrisville for the chance to win brand new Lenovo tech. 

    “We are incredibly proud to recognize the outstanding talent and innovation showcased by all the participants in this year’s Ready, Set, App! competition,” said Libby Richards, community engagement manager at Lenovo. “These high school students have demonstrated not only technical skill, but also a forward-thinking problem solving using technology. We congratulate the winners on their impressive achievements and applaud every student who took part in this inspiring competition.”

    This year’s team was led by Kishan Rajeev Jagadeesh from Apex Friendship High and Wisdom Walker from Harper Middle College. New additions this year include Evan Kim from Weddington High School, Mariya Tinch from Nash-Rocky Mount Early College, Nachammai Annamalai from South Iredell High School, and Swayam Shah from Enloe Magnet High School.

    Ready, Set, App! is open to all North Carolina high school students and will be held again next school year with a kickoff planned for fall 2025. Intern applications will open in September and team registration will open shortly after. 

    Click here or more information about the Ready, Set, App! Competition. 

    May 30, 2025

    MIL OSI USA News –

  • MIL-OSI USA: Hawley Urges DOJ to Investigate Chinese Automotive Company for National Security Breaches, Export Violations

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)
    Today, U.S. Senator Josh Hawley (R-Mo.) sent a letter to Attorney General Pam Bondi, urging the Department of Justice (DOJ) to investigate TuSimple Holdings – a Chinese autonomous trucking company – for potential violations of U.S. export controls, unauthorized transfers of sensitive technology to the People’s Republic of China, and any associated breaches of national security.
    In the letter, Senator Hawley wrote, “According to recent investigative reports, TuSimple systematically shared proprietary data, source code, and autonomous driving technologies with Chinese state-linked entities, in blatant disregard of a 2022 national security agreement with the Committee on Foreign Investment in the United States (CFIUS). These reports also revealed communications from TuSimple personnel inside China requesting the shipment of sensitive Nvidia AI chips and detailed records showing ‘deep and longstanding ties’ with Chinese military-affiliated manufacturers. To date, TuSimple has not faced serious consequences for sharing American intellectual property with China.”
    He continued, “If the reports about TuSimple are accurate, they represent not just a violation of export law, but a breach of national trust and a direct threat to American technological leadership.  The American people deserve to know how and why a supposedly U.S.-based company was allowed to serve as a conduit for the transfer of sensitive innovations to the Chinese Communist Party.”
    Senator Hawley concluded, “I urge the Department to act swiftly and without hesitation. Any individual or entity found to have violated our laws must be held fully accountable.”
    Read the full letter here or below. 
    May 28, 2025
    The Honorable Pam BondiAttorney GeneralU.S. Department of Justice950 Pennsylvania Avenue, NWWashington, DC 20530
    Dear Attorney General Bondi,
    I write to urge the Department of Justice to open a formal investigation into TuSimple Holdings Inc., a Chinese autonomous trucking company, for potential violations of U.S. export controls, unauthorized transfers of sensitive technology to the People’s Republic of China, and any associated breaches of national security.
    According to recent investigative reports, TuSimple systematically shared proprietary data, source code, and autonomous driving technologies with Chinese state-linked entities, in blatant disregard of a 2022 national security agreement with the Committee on Foreign Investment in the United States (CFIUS)[1]  These reports also revealed communications from TuSimple personnel inside China requesting the shipment of sensitive Nvidia AI chips and detailed records showing “deep and longstanding ties” with Chinese military-affiliated manufacturers. To date, TuSimple has not faced serious consequences for sharing American intellectual property with China.
    If the reports about TuSimple are accurate, they represent not just a violation of export law, but a breach of national trust and a direct threat to American technological leadership.  The American people deserve to know how and why a supposedly U.S.-based company was allowed to serve as a conduit for the transfer of sensitive innovations to the Chinese Communist Party.  I urge the Department to act swiftly and without hesitation. Any individual or entity found to have violated our laws must be held fully accountable.
    As you conduct your investigation, please consider the following questions:
    1. Did TuSimple provide protected information to Hydron, Foton, BAIC Group, or any other affiliated Chinese entity?2. What steps has the Department of Justice taken to ensure that Bot Auto—a new, Texas-based self-driving truck company staffed with former TuSimple employees and backed by Chinese capital—does not engage in similar behavior?3. What activities were covered by TuSimple’s national security agreement with CFIUS?4. What were the infractions of this agreement for which TuSimple paid a $6 million settlement?5. Are “national security agreements” an adequate mechanism for controlling high-risk companies with known ties to the Chinese Communist Party?
    Thank you for your attention to this matter.
    Sincerely,Josh HawleyU.S. Senator

    MIL OSI USA News –

  • MIL-OSI Security: Louisville Couple Sentenced to Federal Prison for Fraud Conspiracy and Ordered to Pay Restitution

    Source: Office of United States Attorneys

    Louisville, KY – A Louisville couple was sentenced this week to federal prison for engaging in a conspiracy to commit wire fraud and disaster fraud.

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Anthony Licari of the U.S. Department of Transportation Office of Inspector General (DOT-OIG), Midwestern Region, Special Agent in Charge Kelly J. Blackmon of the Department of Health and Human Services, Office of Inspector General (HHS-OIG), and U.S. Postal Inspector in Charge Lesley Allison of the Pittsburgh Division made the announcement.

    According to court documents, Yeniseis Saavedra, 35, was sentenced on May 28, 2025, to 3 years and 6 months in prison, followed by 3 years of supervised release, for one count of conspiracy to commit wire fraud, one count of making a false statement, two counts of disaster fraud, and one count of aggravated identity theft.

    Alien Saavedra, 36, was sentenced on May 20, 2025, to 1 day in prison, followed by 5 years of supervised release, for one count of conspiracy to commit wire fraud, and one count of disaster fraud.

    Between 2019 and 2020, Yeniseis Saavedra and Alien Saavedra engaged in a conspiracy to defraud factoring (trucking loan) companies by submitting false bills of lading. Yeniseis Saavedra and Alien Saavedra also aided and abetted each other in committing disaster fraud by filing for lost wage assistance payments authorized by a Presidential Memorandum resulting from the COVID-19 pandemic with the Kentucky Office of Unemployment. The filing for lost wage assistance payments was on behalf of Alien Saavedra and failed to report that Alien Saavedra was receiving wages from the motor carrier industry.

    In 2020, Yeniseis Saavedra made a false statement to the United States Department of Transportation, Federal Motor Carrier Safety Administration when she falsely filed an application on behalf of another, C.S., claiming that C.S. was going to operate a trucking company. However, C.S. was not aware of the application filing, and Yeniseis Saavedra was operating the company.

    Yeniseis Saavedra also filed for lost wage assistance payments authorized by a Presidential Memorandum resulting from the COVID-19 pandemic with the Kentucky Office of Unemployment on behalf of C.S. Again, C.S. was unaware of the filing, this time for lost wage assistance payments, and C.S. did not receive any of the lost wage payments. Instead, the lost wage payments were sent to a bank account controlled by Yeniseis Saavedra.

    Lastly, Yeniseis Saavedra was sentenced for aggravated identity theft for using the identity and Social Security number of C.S. without C.S.’s authorization to obtain the lost wage assistance payments.

    There is no parole in the federal system.

    Alien Saavedra was ordered to pay restitution in the amount of $111,143.78.

    Yeniseis Saavedra was ordered to pay restitution in the amount of $156,147.78

    This case was investigated by the DOT-OIG, HHS-OIG, and USPIS.

    Assistant U.S. Attorney Joe Ansari prosecuted the case.

    ###

    MIL Security OSI –

  • MIL-OSI: XenDex Presale Nears Completion as XRP Ecosystem Gains Momentum Ahead of Major Industry

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 30, 2025 (GLOBE NEWSWIRE) — XenDex’s $XDX presale is entering its final 24 hours, with nearly all tokens allocated and only a small supply remaining for last-minute participants. This final window coincides with heightened activity across the XRP ecosystem, as anticipation builds around the upcoming Ripple Conference in Las Vegas 2025. With XRP’s growing institutional attention, XenDex is positioning itself as the first fully integrated decentralized exchange (DEX) built natively on the XRP Ledger.

    XenDex Presale

    Once the presale ends, $XDX is expected to be listed on select centralized exchanges currently in discussion with the team—meaning any future purchases will occur at market rates, which may be higher than the current presale price.

    What is XenDex on XRP Blockchain?
    XenDex is a next-generation decentralized exchange built natively on the XRP Ledger, designed for ultra-fast transactions, low fees, and powerful DeFi tools—all in one place.

    Purchase XDX And Earn Reward

    Features and Problems XenDex Aims to Solve on XRP Ledger
    XenDex solves XRP’s lack of DeFi options by providing:

    • AI Copy Trading: Mirror top traders and minimize risk
    • Lending & Borrowing: Lend or borrow XRP assets without intermediaries
    • Cross-Chain Swaps: Trade XRP native tokens across Solana, Ethereum, BNB, and more
    • DAO Governance: $XDX holders vote on platform upgrades

    Why Should I Buy $XDX?

    Holding $XDX gives users:

    • rewards through Staking and liquidity provision
    • Platform fee discounts
    • Early access to features, airdrops, and listings
    • Voting power on future platform decisions and upgrades

    Where Can I Trade $XDX?
    Following the presale, $XDX is expected to become available on multiple centralized exchanges currently in discussion with the XenDex team.

    $XDX On Presale

    Is XenDex a Legit Project on XRP?
    Yes. XenDex is built by a team with experience in Cardano and SUI, has ongoing audits, and integrates with key XRP tools like Xaman and XRP Toolkit.

    How Do I Buy $XDX?

    For a full buying guide, visit: https://xdxdocs.gitbook.io/xendex/buy-usdxdx-token-presale

    XenDex Presale Details

    • Soft Cap: Reached
    • Hard Cap: Almost Sold Out
    • Time Left: 24 Hours
    • Presale Rate: 150 XRP = 1200 $XDX

    Join XenDex Community
    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/59df5f04-fcbf-45f5-8119-1f7977ffa608

    The MIL Network –

  • MIL-OSI: Meriwest Credit Union Shines in Silicon Valley Business Journal’s Table of Experts

    Source: GlobeNewswire (MIL-OSI)

    SILICON VALLEY, Calif., May 30, 2025 (GLOBE NEWSWIRE) — Meriwest Credit Union, a leading financial institution serving the Greater San Francisco Bay Area and Pima County, Arizona, was recently featured in the Silicon Valley Business Journal’s Table of Experts discussion. The conversation, moderated by Tom Zahiralis, SVBJ Market President and Publisher, highlighted Meriwest’s “People Helping People” philosophy and its ability to innovate while maintaining a lean, community-focused organization.

    Meriwest’s leadership team, including President and CEO Lisa Pesta, Executive Vice President and Chief Operating Officer Chad Maze, Vice President and Chief Treasury Officer Jihong Huang, Vice President of Business Services Charles Giuliano, and Vice President of Digital Strategy and Engagement Gene Fichtenholz, shared insights on fostering a strong workplace culture, supporting small businesses, and addressing economic challenges. Their diverse backgrounds and expertise underscored Meriwest’s commitment to personalized financial services and community empowerment.

    Key Highlights from the Discussion:

    • Award-Winning Workplace Culture: Lisa Pesta emphasized Meriwest’s six consecutive years as a “Best Place to Work” by the Silicon Valley Business Journal, driven by transparent communication, employee recognition programs like “Night of the Stars,” and a focus on diversity, equity, and inclusion (DEI). “We prioritize clear communication and an inclusive environment to drive innovation,” Pesta noted.
    • Small Business Support: Charles Giuliano highlighted Meriwest’s tailored products, such as SBA loans and an AI-assisted micro-loan platform, which support Silicon Valley’s vibrant small business community. A notable success story involved Meriwest stepping in to provide a critical SBA 504 loan for a local food manufacturer when another bank withdrew support.
    • Digital Innovation and AI: Gene Fichtenholz discussed Meriwest’s seven-year journey integrating AI to enhance efficiency without compromising jobs. “AI helps our team summarize information and build tools tailored for credit unions,” he said, citing predictive analytics for personalized member experiences.
    • Economic Resilience: Jihong Huang outlined Meriwest’s preparedness for potential recessions, with a strong capital ratio, stress-tested balance sheet, and diversified loan portfolio. Chad Maze added that products like the MyLine line of credit eliminate overdraft fees, offering members affordable solutions during financial strain.
    • Community Impact: Meriwest’s commitment to closing the wealth gap was a focal point, with Lisa Pesta and Chad Maze detailing financial literacy workshops reaching over 8,600 residents in 2024 and the newly formed Meriwest Community Foundation. These initiatives empower first-time homebuyers, small businesses, and underserved communities.

    “At Meriwest, our mission is centered on empowering individuals to realize their financial aspirations,” said Lisa Pesta, President and CEO. “Our involvement in the Table of Experts discussion underscores our commitment to innovation, community engagement, and cultivating an inclusive environment for both our members and employees.”

    About Meriwest Credit Union

    Founded in San Jose, California in 1961, Meriwest Credit Union, ($2.1B in assets) is one of Silicon Valley’s most established financial institutions. Dedicated to delivering advice-based, personal, convenient, and innovative financial services to over 80,000 families and businesses throughout the San Francisco Bay Area and Pima County, Arizona, Meriwest offers a wide array of personal banking, business services, and wealth advisory services. Meriwest has been voted one of the ‘Best Credit Unions in Silicon Valley’ in the Mercury News’ Annual ‘Readers’ Choice Awards’ and a “Best Place to Work” by the Silicon Valley Business Journal 2020 through 2025. More information can be found at www.meriwest.com.

    Media Contact:
    Jeffrey Zane
    Meriwest Credit Union
    Public Relations
    408-612-1484
    jzane@meriwest.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/545f10b1-cdc5-4390-8451-bfccc4dd7619

    The MIL Network –

  • MIL-OSI: Atlantic Petroleum – Condensed Consolidated Interim Report – 1st Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    Tórshavn, Faroe Islands, 2025-05-30 (GLOBE NEWSWIRE) — P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK) today posts its 1st quarter results for 2025. This announcement should be read in conjunction with Atlantic Petroleum’s Condensed Consolidated Interim Report, which is released separately and posted on the Company’s website.

    Highlights for Q1 2025:

    G&A cost was DKK -0.3MM
    Operating loss was DKK 2.5MM
    Net loss was DKK 2.3MM
    Net assets/share-holders equity was DKK -115.1MM
    Bank debt was DKK 59.4MM

    Mark T. Højgaard, CEO commented:

    Atlantic Petroleum reached an agreement on the 4th April 2025 with its main creditors to reduce the Company’s debt. The total debt will be reduced by at least DKK 90MM. However, the debt restructuring is not finalized. The Directors now expect that finalization of the agreed upon framework will be in place 3rd Quarter 2025.

    The ability of the Group to continue as a going concern is dependent on the finalization of the debt restructuring, and the cash flows generated from the interest in the Orlando field.

    Atlantic Petroleum in brief:

    Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company currently has subsidiaries and offices in the UK. Atlantic Petroleum’s shares are listed on NASDAQ OMX Copenhagen.

    Further Details:

    Further details can be obtained from Mark T. Højgaard, (markh@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company’s website: www.petroleum.fo.

    Announcement no.: 7/2025

    Issued: 30-05-2025

    P/F Atlantic Petroleum
    Lucas Debesargøta 8
    P.O.Box 1228
    FO-110 Torshavn
    Faroe Islands

    Website: www.petroleum.fo

    Attachment

    The MIL Network –

  • MIL-OSI: Kyrgyz Republic to launch USDKG, a gold-backed stablecoin pegged to the U.S. Dollar, in Q3 2025

    Source: GlobeNewswire (MIL-OSI)

    USDKG to be backed by $500 million in physical gold reserves from the Kyrgyz Ministry of Finance, with planned expansion to $2 billion.

    BISHKEK, Kyrgyzstan, May 30, 2025 (GLOBE NEWSWIRE) — The Kyrgyz Republic has announced the upcoming launch of USDKG, a gold-backed stablecoin pegged 1:1 to the U.S. dollar. The stablecoin is expected to go live in the third quarter of 2025, with an initial reserve of $500 million in physical gold held by the Ministry of Finance.

    The initiative is part of a broader strategy to enhance cross-border payment infrastructure in Central Asia and facilitate international trade through blockchain-based financial instruments. USDKG is designed for institutional-grade use and will be overcollateralized to mitigate volatility in gold prices.

    Unlike commodity-pegged tokens, USDKG is not intended to track the price of gold. Instead, it maintains a strict 1:1 parity with the U.S. dollar, backed by audited gold reserves. The issuance and redemption process will allow users to exchange tokens for physical gold, crypto assets, or fiat currency.

    The government of Kyrgyzstan plans to expand USDKG’s reserve base to $2 billion and conduct regular third-party audits to ensure transparency and trust in the asset’s collateral structure.

    USDKG will initially target cross-border transactions and trade in Central Asia, with planned expansion into Southeast Asia and the Middle East. Remittance flows currently account for approximately 30% of Kyrgyzstan’s GDP, highlighting the potential economic impact of streamlined digital payments.

    Holders of USDKG will have the ability to redeem their tokens for physical gold, convert them into other digital assets, or withdraw equivalent amounts in fiat currency. The structure provides both flexibility and trust, backed by tangible national reserves.

    About USDKG

    USDKG is a gold-backed, dollar-pegged stablecoin issued by Fintech Solutions, under the regulatory framework of the Kyrgyz Republic. Built to meet institutional standards, USDKG operates under a model of overcollateralization,independent auditing, and strict compliance standards. For more information, visit https://www.usdkg.com/.

    Contact person:
    Maisa Bitencourt
    maisa@usdkg.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7041fa6-4a4e-4545-a363-1b84952c62e9

    The MIL Network –

  • MIL-OSI Global: How seaweed is a powerful, yet surprising, climate solution

    Source: The Conversation – UK – By Mike Allen, Associate Professor of Single Cell Genomics, College of Life and Environmental Sciences, University of Exeter

    Picture a place at the centre of a global seaweed revolution. I’ll bet the small English seaside town of Paignton in south Devon is not what comes to mind. A decade ago, I moved from the edge of Dartmoor to the coast. It was about a simple change in work-life balance, but what followed was more surprising.

    The kids were four and seven. I’d always tried to inspire them with my scientific research. Moving to Paignton and walking along Broadsands beach one day, I started noticing piles of seaweed.

    I’d spent my entire professional career researching microalgae (microscopic marine plants) but knew next-to-nothing about their bigger macroalgal cousins, the seaweeds. This felt like an opportunity to have some fun and for all of us to learn together.

    So I bought us a seaweed guidebook, some stickers and set the Allen family the task of finding ten different seaweeds on our local beach. We’d mark a page with a sticker when we found it – the ultimate scientific reward chart. A few weeks later, we’d found 30 and exhausted our sticker sheet.

    I was amazed at the diversity that I had never previously noticed. The colours, the textures, the structures – it was like I’d never really seen seaweed properly before. The professional scientist in me kicked in.

    My kids and I started taking samples home. I built the kids a lab in a lean-to on the back of the house. We dried them out and put them in little jam jars, akin to a seaweed spice rack. It got me thinking of useful or sustainable things I could do with them.

    One day, I posted a picture of these jars on Twitter, with the hashtag #SeaweedApothecary. It started something I could never have predicted.

    Seaweed has an astonishing number of uses. It can be used to produce biofuels and fertilisers, foods such as laverbread, nori sheets for sushi and crisps, cosmetics and toothpaste, pharmaceuticals and food supplements like omega-3. I’d also been incorporating seaweed in my day-to-day research at the University of Exeter, trying to convert it into a biofuel.

    Then, my colleagues in the broader academic and industrial science community started asking for samples. Like me, they’d been ignoring seaweed too – until they saw my social media posts and realised the potential.

    The kids (now both teenagers) are acknowledged on at least a dozen scientific research articles and have continued to help me unlock the potential of seaweed. We’ve done degradation experiments in the raised beds in our garden, tested different seaweeds as feeds for a friend’s chickens, trialled them as fertilisers for our tomatoes – even mixed dried seaweed powder in with cement, to see if it can be used as a structural material filler. All fun, simple science that anyone can do at home.


    Local science, global stories.

    This article is part of a series, Secrets of the Sea, exploring how marine scientists are developing climate solutions.

    In collaboration with the BBC, Anna Turns travels around the West Country coastline to meet ocean experts making exciting discoveries beneath the waves.

    Swamped by sargassum

    Then came a call from a Mexican friend, asking me to take a look at a seaweed problem. Every year, Caribbean islands and Mexican coasts are inundated with 30-40 million tonnes of floating sargassum seaweed washing ashore.

    Rotting sargassum causes ecological and economical devastation, destroying livelihoods and the environment. I started converting it into fuels and fertilisers, trying to turn a massive problem into a positive opportunity. Ten years on, I’d become a seaweed expert.

    Paddy Estridge and Mike Allen in Puerto Morelos, Mexico, surveying potential sites to monitor seaweed blooms.
    Mike Allen, CC BY-NC-ND

    I was asked to do a podcast on the subject. The presenter, Paddy Estridge, and I chatted about seaweed’s problems, opportunities and potential – and by the end of it, we were both pretty inspired. Together, we founded a company called SeaGen to harness the power of seaweed using autonomous robotics that can seed, cultivate, monitor and harvest it.

    Seaweed holds huge potential to create a more sustainable future. But at the moment, this industry lacks the ability to safely seed, grow, monitor, harvest and process seaweed at scale. Solving these challenges is what SeaGen is all about. We’re designing a suite of automated robotic solutions to make abundant, sustainable supply an economic reality.

    Our mission is a long way from those initial experiments with the kids, but the joy and pursuit of knowledge remains the same. The sticker chart perhaps holds less appeal to teenagers, but we’ve nearly hit 70 different species and I’m always on the look out for the next.

    Those initial seaweed samples paved the way for a whole new aspect to my research portfolio, led to millions of pounds in grant funding, and the creation of a company employing a dozen people. Now, I’m part of a global seaweed and robotics revolution.

    Not a bad outcome from a walk along the beach.

    Listen to episode two of Secrets of the Sea here on BBC Sounds, presented by Anna Turns for The Conversation.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

    Mike Allen works for Exeter University and is Cofounder and Chief Scientific Officer for Seaweed Generation Ltd (SeaGen). He currently receives funding from Innovate UK, Natural Environment Research Council, Natural England, Natural Resources Wales, The Leverhulme Trust, Department for Environment Food and Rural Affairs, Biotechnology and Biological Sciences Research Council.

    – ref. How seaweed is a powerful, yet surprising, climate solution – https://theconversation.com/how-seaweed-is-a-powerful-yet-surprising-climate-solution-251195

    MIL OSI – Global Reports –

  • MIL-OSI Banking: Introducing Sora and video playground in Azure AI Foundry

    Source: Microsoft

    Headline: Introducing Sora and video playground in Azure AI Foundry

    Introducing Sora and video playground in Azure AI Foundry

    [embedded content]

    The video playground in Azure AI Foundry is your high-fidelity testbed for prototyping with cutting-edge video generation models – like Sora from Azure AI Foundry Models – ready for commercial use. Read our Tech Community launch blog on gpt-image-1 and Sora.

    Modern development involves working across multiple systems—APIs, services, SDKs, and data models—often before you’re ready to fully commit to a framework, write tests, or spin up infrastructure. As the complexity of software ecosystems increases, the need for safe, lightweight environments to validate ideas becomes critical. Video playground was built to meet this need.

    Purpose-built for developers, video playground offers a controlled environment to experiment with prompt structures, evaluate model consistency relative to prompt adherence, and optimize outputs for industry use cases. Whether you’re building AI-native video products, tools, or transforming your enterprise workflows, video playground enhances your planning and experimentation — so you can iterate faster, de-risk your workflows, and ship with confidence.

    Rapidly prototype from prompt to playback to code

    Video playground offers an on-demand, low-friction-setup environment designed for rapid prototyping, API exploration and technical validation with video generation models. Think of video playground as your high-fidelity prototyping environment – built to help you build better, faster and smarter – with no configuration of localhost, importing clashing dependencies or worrying about compatibility between build and model.​

    Sora from Azure OpenAI is the first release for video playground – with the model coming with its own API – a unique offering available for Azure AI Foundry users. Using the API in VS Code allows for scaled development in your VS Code environment for your use case once your initial experimentation is done in the video playground.

    • Iterate faster: Experiment with text prompts and adjust generation controls like aspect ratio, resolution and duration.
    • Prompt optimization: Debug, tune and re-write prompt syntax with AI, visually compare outcomes across variations you’re testing with, use prebuilt industry prompts, and build your own prompt variations available in the playground, grounded in model behavior.
    • Consistent interface for API: Everything in video playground mirrors the model API structure, so what works here translates directly into code, with predictability and repeatability.

    Features

    We built video playground for developers who want to experiment with video generation. Video playground is a full featured controlled environment for high-fidelity experiments designed for model-specific APIs – and a great demo interface for your Chief Product Officer and Engineering VP.

    • Model-specific generation controls: Adjust key controls (e.g. aspect ratio, duration, resolution) to deeply understand specific model responsiveness and constraints.
    • Pre-built prompts: Get inspired on how you can use video generation models like Sora for your use case. In the pre-built prompts tab, there is a set of 9 curated videos by Microsoft.
    • Port to production with multi-lingual code samples: In the case of Sora from Azure OpenAI – this reflects the Sora API – a unique offering available to Azure AI Foundry users. Using the “View Code” multi-lingual code samples (Python, JavaScript, GO, cURL) for your video output, prompts and generation controls that reflect the API structure. What you create in the video playground can be easily ported into VS Code so that you can continue scaled development in VS Code with the API.
    • Side-by-side observations in grid view: Visually observe outputs across prompt tweaks or parameter changes.
    • Azure AI Content Safety integration: With all model endpoints integrated with Azure AI Content Safety, harmful and unsafe videos are filtered.

    See a demo of these features and Sora in video playground in our dedicated breakout session at Microsoft Build 2025 here.

    No need to find, build or configure a custom UI to localhost for video generation, hope that it will automatically work for the next state-of-the-art model, or spend time resolving cascading build errors due to packages or code changes required for new models. The video playground in Azure AI Foundry gives you version-aware access. Build with the latest models with API updates surfaced in a consistent UI.

    What to test for in video playground

    When using video playground, as you plan your production workload, consider the following as you’re visually assessing your generations:

    1. Prompt-to-Motion Translation
      • Does the video model interpret my prompt in a way that makes logical and temporal sense?
      • Is motion coherent with the described action or scene? How could I use Re-write with AI to improve my prompt?
    2. Frame Consistency
      • Do characters, objects, and styles remain consistent across frames?
      • Are there visual artifacts, jitter, or unnatural transitions?
    3. Scene Control
      • How well can I control scene composition, subject behavior, or camera angles?
      • Can I guide scene transitions or background environments?
    4. Length and Timing
      • How do different prompt structures affect video length and pacing?
      • Does the video feel too fast, too slow, or too short?
    5. Multimodal Input Integration
      • What happens when I provide a reference image, pose data, or audio input?
      • Can I generate video with lip-sync to a given voiceover?
    6. Post-Processing Needs
      • What level of raw fidelity can I expect before I need editing tools?
      • Do I need to upscale, stabilize, or retouch the video before using it in production?
    7. Latency & Performance
      • How long does it take to generate video for different prompt types or resolutions?
      • What’s the cost-performance tradeoff of generating 5s vs. 15s clips?

    Run Sora and other models at scale using Azure AI Foundry—no infrastructure needed. Learn more in our recent Microsoft Mechanics video that shares more about the Sora API in action:

    [embedded content]

    Get started now

    1. Sign-in or sign-up to Azure AI Foundry.
    2. Create a Foundry Hub and/or Project.
    3. Create a model deployment for Azure OpenAI Sora from the Foundry Model Catalog or directly from video playground.
    4. Prototype in video playground; iterate over text prompts and optimize generation controls for your use case.
    5. Prototype done? Switch to scaled development in VS Code with the Sora from Azure OpenAI API.

    Create with Azure AI Foundry

    MIL OSI Global Banks –

  • First round of India-Chile CEPA negotiations concludes in New Delhi

    Source: Government of India

    Source: Government of India (4)

    The first round of negotiations for the India-Chile Comprehensive Economic Partnership Agreement (CEPA) concluded successfully in New Delhi, marking a major step towards enhancing bilateral economic cooperation. The negotiations began on May 26, following the signing of the Terms of Reference on May 8. 

    The opening ceremony was inaugurated by India’s Commerce Secretary, Sunil Barthwal, in the presence of the Ambassador of Chile to India, H.E. Juan Angulo.

    During the inauguration, Barthwal emphasized that the CEPA would pave the way for a deeper economic partnership between India and Chile and contribute to the creation of strengthened global value chains. 

    The initiative follows the momentum generated during the State Visit of the President of Chile, H.E. Gabriel Boric Font, to India in April 2025, where both countries welcomed the launch of CEPA negotiations. President Boric described India as a priority partner for Chile and stressed the importance of developing strategies for enhanced and diversified trade.

    Both Prime Minister Narendra Modi and President Boric expressed support for an agreement that is balanced, ambitious, comprehensive, and mutually beneficial, with the goal of achieving deeper economic integration between the two countries. 

    Over the course of the round, discussions were held across various thematic areas covering trade, services, investment, economic cooperation, and strategic sectors. The CEPA is envisioned to unlock the full potential of India-Chile trade and commercial ties, leading to increased employment, stronger bilateral trade, and sustained economic growth.

    The two sides have agreed to continue engagement through intersessional virtual discussions to address outstanding matters ahead of the next round of negotiations, which is expected to take place in July or August 2025. Both countries reaffirmed their commitment to a constructive and consultative negotiation process that involves industry feedback and stakeholder participation, aiming to deliver a meaningful and impactful agreement.

  • Nadda chairs high-level review meeting on TB, measles-rubella elimination and health infra projects

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Health and Family Welfare, JP Nadda, convened a high-level review meeting with health ministers from six States and Union Territories to assess the progress on the elimination of Tuberculosis (TB) and Measles-Rubella, and to review fund utilization under the PM-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM) and the 15th Finance Commission.

    During the meeting, Nadda lauded the states for their active participation in the 100-day Intensified TB-Mukt Bharat Abhiyaan, which led to the screening of over 12.97 crore individuals. The campaign identified more than 7.19 lakh TB cases, including 2.85 lakh asymptomatic patients, and has now been scaled to cover all districts across the nation.

    Highlighting critical performance indicators, the Union Minister emphasized the importance of monitoring presumptive TB case examination rates, NAAT (Nucleic Acid Amplification Test) coverage, treatment success rates, and implementation of nutritional support schemes for TB patients.

    The Union Minister also urged greater Jan Bhagidari (public participation), calling for the active involvement of Panchayati Raj Institutions, Municipal Corporations, and other local bodies. He reiterated the national goal to reduce TB incidence to 47 cases and TB-related mortality to below 3 deaths per lakh population.

    Nadda pressed states to fine-tune their TB elimination strategies, especially focusing on high-risk groups such as migrant workers, slum dwellers, HIV-positive individuals, alcoholics, and chain smokers. He called for expanded access to rapid diagnostic tools like NAAT and enhanced participation in support schemes such as the Ni-kshay Poshan Yojana and Ni-kshay Mitra, noting gaps in implementation that need urgent attention.

    On the measles and rubella front, the Union Health Minister lauded the states’ efforts but emphasized that full elimination remains a distant goal in several districts. He stressed strengthening immunization drives, especially targeting children who have missed their second dose of the vaccine.

    Shifting focus to health infrastructure, Nadda underscored the urgency of accelerating implementation under PM-ABHIM and the 15th Finance Commission, as only one year remains for optimal fund utilization. He highlighted the need to fast-track projects, resolve land clearance issues, and expedite the establishment of NCDC (National Centre for Disease Control) branches sanctioned in Kolkata, Meghalaya, Bhopal, and a BSL-3 laboratory in Surat, Gujarat.

    States presented updates on their progress, shared best practices, and discussed challenges and strategies for improvement.

    Union Health Secretary Punya Salila Srivastava and senior officials from the Union Health Ministry were also present during the meeting.

  • MIL-OSI Global: One lawsuit just helped melt the fossil fuel industry’s defence against being held accountable for climate change

    Source: The Conversation – UK – By Benjamin Franta, Associate Professor of Climate Litigation, University of Oxford

    There was a time when oil and gas companies happily linked themselves to the idea of planet-wide environmental changes. “Each day Humble supplies enough energy to melt 7 million tons of glacier!” boasts the headline from a 1962 double-page spread in Life magazine for Humble Oil, now part of ExxonMobil.

    Fast forward 60 years and that advert takes on a prophetic quality. Millions of people have experienced first-hand the tragic consequences of how burning fossil fuels is overheating our planet beyond recognition. Not just by melting glaciers but fuelling storms, fires and floods.

    The fossil fuel industry today would never dream of linking its activities to melting glaciers. Instead, it actively denies responsibility for the consequences of extracting and selling some of the most harmful products ever known to humanity.

    For the decades we have known about climate science, this narrative has been core to how the fossil fuel industry maintains its social legitimacy: that the industry is not responsible for climate change, but everyone else is through their individual actions.

    Yet a ten-year climate lawsuit brought by a Peruvian farmer and mountain guide has challenged this narrative. In March this year, Saúl Luciano Lliuya’s case against the European coal-giant RWE was heard in a regional court in Germany.

    And while the court has now dismissed Lliuya’s specific claim – finding the flood risk to Lliuya’s particular property is not yet sufficiently great – it did confirm that private companies can in principle be held liable for their share in causing climate damages. This finding has major ramifications for the wider legal battle to make fossil fuel companies accountable.

    Farmer vs coal giant

    Lliuya lives in Huaraz, a city in the foothills of the Peruvian Andes. He and the 120,000 residents of this city live in constant danger. The melting glaciers caused by climate change are causing the water levels in Lake Palcacocha above their home to rise. Peru’s disaster management agency warns that a flood could occur at any moment.

    Huaraz is one of many cities in the Andes at risk of flooding as temperatures rise and glaciers melt.
    Christian Vinces / shutterstock

    For Lliuya, it is not a matter of if but when – and how bad the flood will be.

    He therefore embarked on his lawsuit against RWE with this simple premise: as one of the world’s top greenhouse gas emitters, it should help pay for flood defences to protect Hauraz. The total cost of a new dam would have been US$4 million (£3 million), and Lliuya was demanding that RWE pay 0.47% of that total, which is US$20,000.

    This proportional amount was based on a calculation of RWE’s contribution to historical global greenhouse gas emissions – most of which have occurred since the 1990s, long after fossil fuel companies were aware their products would cause dangerous climate change.

    RWE’s revenues are measured in the tens of billions. It could have accepted Lliuya’s request and paid for not just its share of the cost, but the full cost of flood defences for Huaraz. Yet the company fought tooth and nail to prevent the case getting as far as it did.

    When asked by the court much earlier in the process if it would be willing to settle, the company’s lawyers declined, revealing exactly what was at stake: “This is a matter of precedent.”

    On May 28 2025, the court ruled that the flood risk to Lliuya’s home was not sufficiently high to uphold his specific claim. However, its confirmation of the principle that private companies can be held liable for climate damage shows that RWE was, in fact, correct to fear the precedent that Lliuya’s case has now helped set.

    Liability – across national borders

    Despite RWE’s attempts to argue otherwise, the case’s outcome has far-reaching implications that could shape similar cases in countries such as Switzerland and Belgium, and which may be relevant for other jurisdictions including the UK, Netherlands, US and Japan.

    Crucially, the case confirms that proportional liability for climate harm is legally possible, even across national borders. And this will still remain a possibility, even if a higher court overrules the German district court in favour of the fossil fuel companies.

    Why does this matter so much to RWE and other fossil fuel companies, who argue time and again in court that they should not be held responsible?

    For years, fossil fuel companies have operated as if they would not be held responsible for the emissions from their products. But as the world continues to warm, the harmful impacts of climate change and extreme weather will only intensify, resulting in mounting costs – both those we can calculate, such as damage to infrastructure, and those we cannot, like the loss of our loved ones.

    With the growing number and accuracy of climate science attribution studies, legal pressure on companies to contribute to climate costs is likely to keep growing.

    And when you consider that the legal basis for this “polluter pays” principle exists in a similar form in at least 50 nations around the world, then the scale of liability facing the industry becomes clear.

    More examples are already emerging. In 2024, a Belgian farmer filed a lawsuit against French fossil fuel major TotalEnergies, seeking compensation for damage to his farm as a result of extreme weather.

    In 2022, four residents of Pari island, Indonesia, started legal proceedings in Switzerland against the Swiss cement firm Holcim. The residents are seeking a 43% reduction in Holcim’s carbon emissions by 2030, and around US$4,000 in compensation each for damages caused by flooding.

    Since 2017, dozens of cities, counties and states across the US have sued fossil fuel producers for climate change-related damages and adaptation costs, potentially totalling trillions of dollars – pointing to the industry’s increasingly well-documented historical and ongoing deceptions about climate change.

    And policymakers across countries including the US, the Philippines and Pakistan are working to enact laws that would directly hold polluting companies financially responsible for climate damages.

    The new ruling in Germany provides a shot in the arm to all these cases, and the future suits yet to be filed. Perhaps most consequentially of all, public opinion is hardening: growing numbers of people understand that the fossil fuel industry is responsible for climate change, and lawsuits to compel big carbon to pay for climate damages enjoy widespread public support.

    When Lliuya launched his case nearly a decade ago, the idea of linking an individual corporation to the impacts of its emissions seemed implausible to some. Yet scientific research now makes it possible to link the emissions of individual companies to particular, quantifiable damages caused by climate change.

    This, coupled with the German court’s ruling, makes it increasingly clear that the fossil fuel industry’s longstanding deflection of responsibility for planetary warming is doomed to melt away.



    Read more:
    A Peruvian farmer is trying to hold energy giant RWE responsible for climate change – the inside story of his groundbreaking court case

    Benjamin Franta has served as a consulting expert for various climate-related lawsuits. His research has received funding from foundations in the environment and climate space.

    – ref. One lawsuit just helped melt the fossil fuel industry’s defence against being held accountable for climate change – https://theconversation.com/one-lawsuit-just-helped-melt-the-fossil-fuel-industrys-defence-against-being-held-accountable-for-climate-change-257840

    MIL OSI – Global Reports –

  • MIL-OSI Asia-Pac: Mediation convention signed

    Source: Hong Kong Information Services

    A signing ceremony for the Convention on the Establishment of the International Organization for Mediation (IOMed) was held today as it was revealed that Hong Kong has been chosen as the IOMed’s home.

     

    The IOMed will be the world’s first intergovernmental international legal organisation dedicated to mediation.

     

    CPC Central Committee Political Bureau Member and Foreign Affairs Minister Wang Yi signed the convention on behalf of China. Representatives from 32 other countries also signed it.

     

    Addressing the ceremony, Mr Wang said that as an innovative step in international rule of law, the IOMed has great significance in the history of international relations.

     

    He stressed that its establishment is an actualisation of the principles of the United Nations (UN) Charter and an example of a civilisational belief in harmony, while epitomising inclusiveness in the rule of law.

     

    Outlining that the IOMed will be headquartered in Hong Kong, Mr Wang said the city’s handover is in itself a success story that exemplifies peaceful settlement of international disputes. The success of the “one country, two systems” principle has created brighter prospects for prosperity and stability in Hong Kong, he added.

     

    Mr Wang said he looks forward to all parties working together to ensure the IOMed plays a positive role in peacefully resolving international disputes to create a brighter future for humanity.

     

    Chief Executive John Lee, as well as senior representatives from more than 50 countries, and from the United Nations and other international organisations, attended the ceremony.

     

    Chief Secretary Chan Kwok-ki, Financial Secretary Paul Chan, and Secretary for Justice Paul Lam were also present.

     

    Mr Lee expressed his gratitude to the central government for allowing Hong Kong the honour of housing the organisation’s headquarters, adding that Hong Kong has a well-respected legal system and world-class legal and dispute resolution professionals.

     

    “The IOMed will provide a pathway for countries – regardless of culture, language and legal system – to resolve international disputes based on mutual respect and understanding. This is increasingly important amid mounting geopolitical tensions.”

     

    This afternoon’s Global Forum on International Mediation involved discussions of topics including mediation of disputes among countries and mediation of international investment and commercial disputes.

     

    Guest speakers emphasised that Hong Kong has unique features that allow it to build bridges between different legal traditions.

     

    United Nations Commission on International Trade Law Secretary Anna Joubin-Bret said: “It combines the background and the expertise in both civil and common law, and it is the only jurisdiction that has these two features, and that is exactly what mediation needs.”

     

    Former President of Slovenia Danilo Türk remarked that Hong Kong is a place of innovations in multiple ways, including technology, trade, and now also diplomacy.

     

    “I think that that is a really very good choice. Hong Kong is already established as one of the global centres of communication, of everything, of every form of communication. And to add this dimension would enrich Hong Kong and would enrich also the processes of mediation.”

     

    Executive Director of the Association of Southeast Asian Nations (ASEAN) Institute for Peace & Reconciliation I Gusti Agung Wesaka Puja, said he expected the IOMed to collaborate with other regional organisations, including ASEAN, in finding solutions to conflict situations within the region.

     

    “I think Hong Kong and China have a lot of experience on the trade issues, on economic issues, and of course we expect that IOMed will also deal with the political and security issues in the future.”

     

    Meanwhile, Asian Academy of International Law Founder Member and Co-Chairman Teresa Cheng said she believes housing the headquarters in Hong Kong will raise the city’s international profile by allowing it to play a leading role in mediation efforts.

     

    “For example, capacity building, running conferences, bringing experts in to discuss certain issues. And all these will attract foreigners coming to Hong Kong and thereby knowing Hong Kong and learning themselves how good Hong Kong is, and therefore be able to bring that view back to their hometown.”

     

    Witnessed by forum guests, Mr Lam signed a Memorandum of Understanding with Minister of Commerce of Cambodia Cham Nimul, to strengthen co-operation between the two places on issues relating to dispute avoidance and resolution.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Nations: 30 May 2025 Statement WHO Director-General: Member States reaffirm commitment to WHO and global health at historic World Health Assembly

    Source: World Health Organisation

    WHO Director-General Dr Tedros Adhanom Ghebreyesus praised the commitment shown by the Organization’s Member States which, during nearly two weeks of meetings, adopted historic measures to make the world safer and healthier.

    The landmark adoptions of the first global agreement to make the world safer from future pandemics and increase in financial support to the World Health Organization were the highlights of the Seventy-eighth World Health Assembly, which ran from 19–27 May. Immediately after, the WHO Executive Board met for two days, until 29 May, to address the Health Assembly’s outcome, WHO governance reform and the nomination and appointment of regional directors. 

    Dr Tedros said Member States demonstrated their commitment to WHO and multilateral action to protect and promote public health. “WHO and many of our Member States and health partners are facing various challenges,” he said. “But the World Health Assembly has sent a clear message: countries want a strong WHO and are committed to working together with WHO to build a healthier, safer and fairer world. These were strong votes of confidence in WHO at this critical time.”

    Making the world safer from pandemics

    “The Health Assembly’s adoption of the Pandemic Agreement on 20 May was a landmark in the history of WHO and global health,” said Dr Tedros. “Despite many obstacles, and in the face of significant mis- and disinformation, WHO’s Member States have succeeded in negotiating and adopting a legally binding agreement to make the world safer from pandemics.”

    The Pandemic Agreement sets out a range of measures to prevent pandemics and strengthen health system resilience, including through improving the rapid sharing of pathogens; ensuring fair, equitable and timely access to vaccines, diagnostics and therapeutics; and strengthening technology transfer, financing and supply chains.

    Dr Tedros said adoption of the Pandemic Agreement was not the end of the journey, adding that Member States still must negotiate the annex on pathogen access and benefit sharing for adoption at an upcoming Health Assembly. The next step would be for 60 countries to ratify the agreement, including the annex, before it enters into force as an instrument of international law.

    “But having watched this process over the past three and a half years, I am confident of two things,” the WHO Director-General said. “First, that Member States will finish the job by May next year (2026), as they have committed to doing; and second, that the deception and distortion will continue.”

    In particular, Dr Tedros said while it has been widely acknowledged that the Pandemic Agreement will not infringe on national sovereignty, some quarters will continue to repeat the false claims.

    “Let me be clear once again: the Pandemic Agreement will not infringe on national sovereignty, period. And the Pandemic Agreement does not give WHO any powers, period,” Dr Tedros said. “WHO’s job is to make recommendations to governments, but what governments do with those recommendations is entirely up to them. WHO is not even a party to the Agreement. This is an agreement between sovereign nations, and it will be ratified and implemented by sovereign nations that choose to do so. The intentional distortion of the Pandemic Agreement as ceding power to WHO must stop.”

    Assessed contributions increase

    The Assembly’s other major outcome was the approval of WHO’s 2026–27 Programme Budget, including the next 20% increase in assessed contributions, adding US$ 90 million in fully predictable and flexible funds to WHO’s income each year. In 2022, Member States agreed to increase assessed contributions progressively to 50% of our base budget, from just 16% at the time. This rise is the cornerstone of WHO’s transformation of its approach to sustainable financing by diversifying its donor base and receiving increased support from all of its Member States towards WHO’s core budget and programme of work.

    “This is another major step towards making WHO less dependent on earmarked voluntary funds from a handful of traditional donors,” said Dr Tedros. “WHO also held a pledging event at which Member States and philanthropic donors committed at least US$ 210 million in additional funding to the WHO Investment Round.”

    In addition to these two major achievements, the Health Assembly also celebrated several countries for eliminating diseases, and eliminating industrial trans-fat from their manufactured food supplies.

    WHO Member States also adopted several important resolutions, reflecting WHO’s vast mission and mandate, including a new target to halve the health impacts of air pollution by 2040; new targets for nutrition in mothers and young children; to strengthen regulation of digital marketing of formula milk and baby foods; and a new global strategy for traditional medicine.

    Countries for the first time also adopted resolutions on lung health and kidney health, and for a lead-free future, and established World Cervical Cancer Day and World Prematurity Day as official WHO health campaigns. Resolutions on digital health, Guinea worm disease, health financing, the health and care workforce, medical imaging, nursing and midwifery, rare diseases, sensory impairment, skin diseases, social connection and more were also adopted.

    MIL OSI United Nations News –

  • MIL-OSI: Fortune Names Rate a ‘Best Mortgage Lender’ of 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 30, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, has been named a ‘Best Mortgage Lender’ for May 2025 by Fortune, a distinction that highlights the company’s customer-first approach, industry-leading technology, and commitment to making homeownership accessible for more Americans.

    Fortune gave Rate the Best Overall spot for its smooth online mortgage experience, citing its innovative digital tools and impressive array of loan options. With same-day approvals and closings in as little as 10 days, Fortune positions Rate as a strong choice for borrowers seeking an expedited mortgage process.

    Other leading industry voices are taking notice as well. Forbes recently named Rate the Best Mortgage Lender of 2025 for First-Time Homebuyers, and NerdWallet awarded Rate Best Lender rankings across multiple categories, including FHA Loans, Home Equity Loans, Lower Credit Scores, and more. Motley Fool further recognized Rate as a Best Mortgage Lender of 2025, highlighting the platform’s digital experience and down payment assistance.

    Taken together, these accolades underscore Rate’s ability to meet the needs of both first-time homebuyers and seasoned homeowners looking to refinance their present mortgage and/or leverage their equity. With a broad loan portfolio, the nation’s top Loan Officers, and unrivaled technology, Rate offers tailored solutions for virtually any borrower, with more ways to say “yes” built into every part of the process.

    A standout example is the Rate App, which simplifies financial management by offering mortgage approvals in a day, personal loan applications in five minutes, insurance savings, 24/7 communication with your Loan Officer, and more—all designed to help users achieve their financial goals.

    This wave of industry recognition is mirrored by the growing interest in Rate from top-performing Loan Officers across the country, many of whom are choosing to join the Rate team. It’s a clear sign that Rate has become both a magnet for industry talent and a trusted partner for consumers navigating today’s housing market.

    “This broad recognition is a result of the work our team puts in every day to make homeownership more cost-effective, simpler, faster, and more attainable,” said Victor Ciardelli, Founder and CEO of Rate. “We’re proud to be building a platform where trust and technology go hand in hand—and grateful to our customers for choosing us.”

    The accolades add to a growing list of milestones for Rate, including:

    “For Loan Officers, Rate has become the place where they can truly do their best work,” said Shant Banosian, President of Rate. “We’ve built a platform that differentiates LOs from a speed, price, and service perspective so they can grow their business and deliver a superior customer experience.”

    These accolades cement Rate’s leadership as a modern, all-in-one homebuying solution trusted by both new buyers and seasoned homeowners.

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans and refinances. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Honors and awards include: Top 5 Mortgage Lender by Inside Mortgage Finance for 2024; Best Mortgage Lender for First-Time Homebuyers by NerdWallet for 2023; HousingWire’s Tech100 award for the company’s industry-leading FlashClose℠ digital mortgage platform in 2020, MyAccount in 2022, and Language Access Program in 2023; the most Scotsman Guide Top Originators for 11 consecutive years; Chicago Agent Magazine’s Lender of the Year for seven consecutive years; and Chicago Tribune’s Top Workplaces list for seven straight years. Visit rate.com for more information.

    Media Contact:
    press@rate.com

    1 – Rate Intelligence refers to automated documentation verification. Underwriting experts provide final mortgage approvals.

    2 – All negotiations and Mortgage Loan Transaction Documents will be conducted and provided in English. We suggest that you work with an interpreter of your choice. You can find more information about the loan process in Spanish at: https://www.consumerfinance.gov/es/herramientas-del-consumidor/hipotecas/

    Operating as Guaranteed Rate, Inc. in New York.

    Guaranteed Rate, Inc. D/B/A Rate; NMLS #2611 For licensing information visit nmlsconsumeraccess.org.

    Subject to Approval. Conditions may apply.

    Guaranteed Rate, Inc. D/B/A Rate; NMLS #2611; Rate.com; 3940 N Ravenswood, Chicago, IL 60613; 866-934-7283. For licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. Conditions may apply. • AZ: 14811 N. Kierland Blvd., Ste. 100, Scottsdale, AZ, 85254, Mortgage Banker License #0907078 • CA: Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act • CO: Regulated by the Division of Real Estate • GA: Residential Mortgage Licensee #20973 • MA: Mortgage Lender & Mortgage Broker License #MC2611 • ME: Supervised Lender License #SLM11302 • NH: Licensed by the New Hampshire Banking Department, Lic #13931-MB • NJ: Licensed by the N.J. Department of Banking and Insurance • NY: Licensed Mortgage Banker – NYS Department of Financial Services, 750 Lexington Ave. Suite 2010, New York, New York 10022 • OH: MB 804160 • OR: Licensed and Regulated by the Department of Consumer and Business Services • PA: Licensed by the Pennsylvania Department of Banking and Securities • RI: Rhode Island Licensed Lender • WA: Consumer Loan Company License CL-2611.

    The MIL Network –