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Category: Business

  • MIL-OSI Russia: The central parity rate of the yuan against the US dollar strengthened by 6 basis points

    Translation. Region: Russian Federal

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

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

    BEIJING, May 6 (Xinhua) — The central parity rate of the Chinese yuan against the U.S. dollar strengthened by 6 basis points to 7.2008 yuan per dollar on Thursday from the previous trading day, according to the China Foreign Exchange Trading Center.

    On the previous trading day, the yuan to dollar exchange rate was 7.2014 yuan per dollar.

    By order of the People’s Bank of China (PBOC, Central Bank), the China Foreign Exchange Center published data according to which the exchange rate of the yuan against other major currencies on the country’s interbank foreign exchange market was: 8.1535 yuan per euro, 5.0269 yuan per 100 yen, 0.92903 yuan per Hong Kong dollar, 9.5808 yuan per pound sterling, 11.1706 rubles per yuan. -0-

    MIL OSI Russia News –

    May 6, 2025
  • MIL-OSI Economics: Money Market Operations as on May 05, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,16,544.88 5.73 0.01-6.00
         I. Call Money 20,121.34 5.89 4.95-6.00
         II. Triparty Repo 3,93,130.00 5.76 5.70-5.89
         III. Market Repo 2,01,954.54 5.66 0.01-6.00
         IV. Repo in Corporate Bond 1,339.00 5.95 5.95-5.96
    B. Term Segment      
         I. Notice Money** 252.55 5.96 5.50-6.16
         II. Term Money@@ 521.00 – 5.75-6.15
         III. Triparty Repo 7,043.25 5.86 5.80-6.00
         IV. Market Repo 0.00 – –
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Mon, 05/05/2025 1 Tue, 06/05/2025 5,646.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Mon, 05/05/2025 1 Tue, 06/05/2025 395.00 6.25
    4. SDFΔ# Mon, 05/05/2025 1 Tue, 06/05/2025 1,62,616.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,56,575.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,479.16  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     35,359.16  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,21,215.84  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 05, 2025 9,51,672.77  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 05, 2025 5,646.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/257

    MIL OSI Economics –

    May 6, 2025
  • MIL-OSI USA: News 05/5/2025 Blackburn Praises Commerce Committee’s Passage of Her Bills to Protect Consumers in the Online Ticket Marketplace and Enhance 9-1-1 Emergency Response System

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)
    WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.) released the following statement after her bipartisan Mitigating Automated Internet Networks for (MAIN) Event Ticketing Act to strengthen consumer protections in the online ticket marketplace and Enhancing First Response Act to update the classification of 9-1-1 dispatchers passed out of the Senate Commerce Committee:
    “Fans shouldn’t have to fight bots and scammers when trying to buy tickets online, and I’m thrilled the Commerce Committee has moved the MAIN Event Ticketing Act one step closer to becoming law so we can protect consumers in the online ticket marketplace. The Commerce Committee also passed my bipartisan Enhancing First Response Act, which would make important updates to our 9-1-1 emergency reporting system and prevent service disruptions,” said Senator Blackburn. 
    MAIN EVENT TICKETING ACT
    In 2016, President Obama signed Senator Blackburn’s legislation, the Better Online Ticket Sales (BOTS) Act, into law, which prohibits ticket scalpers from using software to purchase high volumes of tickets.
    Creating reporting requirements whereby online ticket sellers must report successful bot attacks to the Federal Trade Commission (FTC);
    Requiring the FTC to share consumer complaints submitted through their website to state attorneys general;
    Enacting data security requirements for online ticket sellers and requires the sharing of information between the FTC and law enforcement; and
    Requiring a report to Congress on BOTS enforcement. 
    The MAIN Event Ticketing Act is co-sponsored by U.S. Senator Ben Ray Luján (D-N.M.).  
    Click here for bill text.
    ENHANCING FIRST RESPONSE ACT
    The Enhancing First Response Act would:
    Update the classification of 9-1-1 dispatchers in the Standard Occupational Classification (SOC) from clerical workers to protective service workers to better reflect life-saving work performed by them each day;
    Require the Federal Communications Commission (FCC) to hold an annual hearing and issue a report after major natural disasters on 9-1-1 unreachability and make recommendations to improve the resiliency of 9-1-1 systems to prevent future service disruptions;
    Require the FCC to study unreported 9-1-1 outages and develop recommendations to improve outage reporting and communication between mobile carriers experiencing network outages and 9-1-1 centers.
    The Enhancing First Response Act is sponsored by U.S. Senator Amy Klobuchar (D-Minn.).
    Click here for bill text.
    RELATED

    MIL OSI USA News –

    May 6, 2025
  • MIL-Evening Report: Cook Islands environment group calls on govt to condemn Trump’s seabed mining order

    By Losirene Lacanivalu, of the Cook Islands News

    A leading Cook Islands environmental lobby group is hoping that the Cook Islands government will speak out against the recent executive order from US President Donald Trump aimed at fast-tracking seabed mining.

    Te Ipukarea Society (TIS) says the arrogance of US president Trump to think that he could break international law by authorising deep seabed mining in international waters was “astounding”, and an action of a “bully”.

    Trump signed the America’s Offshore Critical Minerals and Resources order late last month, directing the National Oceanic and Atmospheric Administration (NOAA) to allow deep sea mining permits.

    The order states: “It is the policy of the US to advance United States leadership in seabed mineral development.”

    NOAA has been directed to, within 60 days, “expedite the process for reviewing and issuing seabed mineral exploration licenses and commercial recovery permits in areas beyond national jurisdiction under the Deep Seabed Hard Mineral Resources Act.”

    It directs the US science and environmental agency to expedite permits for companies to mine the ocean floor in the US and international waters.

    In addition, a Canadian mining company — The Metals Company — has indicated that they have applied for a permit from Trump’s administration to start commercially mining in international waters.

    The mining company had been unsuccessful in gaining a commercial mining licence through the International Seabed Authority (ISA).

    ‘Arrogance of Trump’
    Te Ipukarea Society’s technical director Kelvin Passfield told Cook Islands News: “The arrogance of Donald Trump to think that he can break international law by authorising deep seabed mining in international waters is astounding.

    “The United States cannot pick and choose which aspects of the United Nations Law of the Sea it will follow, and which ones it will ignore. This is the action of a bully,” he said.

    “It is reckless and completely dismissive of the international rule of law. At the moment we have 169 countries, plus the European Union, all recognising international law under the International Seabed Authority.

    “For one country to start making new international rules for themselves is a dangerous notion, especially if it leads to other States thinking they too can also breach international law with no consequences,” he said.

    TIS president June Hosking said the fact that a part of the Pacific (CCZ) was carved up and shared between nations all over the world was yet another example of “blatantly disregarding or overriding indigenous rights”.

    “I can understand why something had to be done to protect the high seas from rogues having a ‘free for all’, but it should have been Pacific indigenous and first nations groups, within and bordering the Pacific, who decided what happened to the high seas.

    “That’s the first nations groups, not for example, the USA as it is today.”

    South American countries worried
    Hosking highlighted that at the March International Seabed Authority (ISA) assembly she attended it was obvious that South American countries were worried.

    “Many have called for a moratorium. Portugal rightly pointed out that we were all there, at great cost, just for a commercial activity. The delegate said, ‘We must ask ourselves how does this really benefit all of humankind?’

    Looking at The Metals Company’s interests to commercially mine in international waters, Hosking said, “I couldn’t help being annoyed that all this talk assumes mining will happen.

    “ISA was formed at a time when things were assumed about the deep sea e.g. it’s just a desert down there, nothing was known for sure, we didn’t speak of climate crisis, waste crisis and other crises now evident.

    “The ISA mandate is ‘to ensure the effective protection of the marine environment from the harmful effects that may arise from deep seabed related activities.

    “We know much more (but still not enough) to consider that effective protection of the marine environment may require it to be declared a ‘no go zone’, to be left untouched for the good of humankind,” she added.

    Meanwhile, technical director Passfield also added, “The audacity of The Metals Company (TMC) to think they can flaunt international law in order to get an illegal mining licence from the United States to start seabed mining in international waters is a sad reflection of the morality of Gerard Barron and others in charge of TMC.

    ‘What stops other countries?’
    “If the USA is allowed to authorise mining in international waters under a domestic US law, what is stopping any other country in the world from enacting legislation and doing the same?”

    He said that while the Metals Company may be frustrated at the amount of time that the International Seabed Authority is taking to finalise mining rules for deep seabed mining, “we are sure they fully understand that this is for good reason. The potentially disastrous impacts of mining our deep ocean seabed need to be better understood, and this takes time.”

    He said that technology and infrastructure to mine is not in place yet.

    “We need to take as much time as we need to ensure that if mining proceeds, it does not cause serious damage to our ocean. Their attempts to rush the process are selfish, greedy, and driven purely by a desire to profit at any cost to the environment.

    “We hope that the Cook Islands Government speaks out against this abuse of international law by the United States.” Cook Islands News has reached out to the Office of the Prime Minister and Seabed Minerals Authority (SBMA) for comment.

    Republished from the Cook Islands News with permission.

    MIL OSI Analysis – EveningReport.nz –

    May 6, 2025
  • MIL-OSI: DMG Blockchain Solutions Announces Preliminary April Operational Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces its preliminary operational results for April 2025:

    • Bitcoin Mined: 30 BTC (vs 32 BTC in Mar 2025)
    • Hashrate: 1.93 EH/s (vs 1.82 EH/s in Mar 2025)
    • Bitcoin Holdings: 351 BTC (vs 458 BTC in Mar 2025)

    DMG’s April results reflect stable mining operations alongside key strategic investments. The Company mined 30 BTC during the month, slightly down from 32 BTC in March due to increased network difficulty and one day shorter duration. Meanwhile, DMG increased its realized hashrate to 1.93 EH/s, supported by the deployment of additional Bitmain S21+ Hydro miners and has now reached its 2.1 EH/s target, which may be slightly trimmed on an ongoing operational basis, at least through the summer months, to best manage its fleet in a higher ambient temperature environment.

    DMG liquidated a portion of its Bitcoin holdings, reducing its treasury from 458 BTC in March to 351 BTC in April. Proceeds were used mainly to fund the acquisition of 2 megawatts capacity of prefabricated artificial intelligence (AI) data center infrastructure as well to make the first material paydown on its Sygnum Bank loan, which had a $20 million balance at the end of March. These actions mark a significant step in executing DMG’s broader strategy to shift its data center capacity towards AI, while delevering its balance sheet.

    Sheldon Bennett, DMG’s CEO, commented, “We remain focused on advancing our AI strategy while maintaining a cash generating Bitcoin operation. With the purchase of 2 megawatts of AI data center infrastructure, we have made a demonstrative shift to utilize the returns generated from Bitcoin mining to fund our initial AI capital expenditures, which we believe will accelerate our ability to secure off-take agreements. Our focus remains on high-value government and enterprise users seeking sovereign AI solutions for Canada.”

    About DMG Blockchain Solutions Inc.

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

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

    For further information, please contact:

    On behalf of the Board of Directors,

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

    For Investor Relations:
    investors@dmgblockchain.com

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

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

    Cautionary Note Regarding Forward-Looking Information

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

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

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

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

    The MIL Network –

    May 6, 2025
  • MIL-OSI New Zealand: Daily progress for Thursday, 10 April 2025

    Source:

    Order Paper for Thursday, 10 April 2025

    2.00pm

    Business statement

    Hon Chris Bishop, Leader of the House, made a statement about the business of the House for the sitting week commencing on Tuesday, 6 May 2025.

    Government motion

    A motion acknowledging Claire Trevett’s service in the Press Gallery was agreed to. 

    Introduction of bills

    The following bills were introduced:

    Oral questions

    Twelve questions to Ministers were answered. 

    Government Business

    The second reading of the Principles of the Treaty of Waitangi Bill was not agreed to.

    The Medicines Amendment Bill was read a first time and referred to the Health Committee to be reported by 4 months and 1 day after the bill received its first reading.

    The United Arab Emirates Comprehensive Economic Partnership Agreement Legislation Amendment Bill was read a first time and referred to the Foreign Affairs, Defence and Trade Committee.

    The report of the Foreign Affairs, Defence and Trade Committee, International treaty examination of the NZ – UAE Comprehensive Economic Partnership Agreement, and Agreement between the Government of New Zealand and the Government of the United Arab Emirates on the Promotion and Protection of Investments, was noted.

    The debate on the first reading of the Education and Training Amendment Bill (No 2) was interrupted with 10 speeches remaining.

    Adjournment 

    At 6.00pm the House adjourned.

    MIL OSI

    MIL OSI New Zealand News –

    May 6, 2025
  • MIL-Evening Report: Why Zelensky – not Trump – may have ‘won’ the US-Ukraine minerals deal

    Source: The Conversation (Au and NZ) – By Eve Warburton, Research Fellow, Department of Political and Social Change, and Director, Indonesia Institute, Australian National University

    Last week, the Trump administration signed a deal with Ukraine that gives it privileged access to Ukraine’s natural resources.

    Some news outlets described the deal as Ukrainian President Volodymyr Zelensky “caving” to US President Donald Trump’s demands.

    But we see the agreement as the result of clever bargaining on the part of Ukraine’s war-time president.

    So, what does the deal mean for Ukraine? And will this be help strengthen America’s mineral supply chains?

    Ukraine’s natural resource wealth

    Ukraine is home to 5% of the world’s critical mineral wealth, including 22 of the 34 minerals identified by the European Union as vital for defence, construction and high-tech manufacturing.

    However, there’s a big difference between resources (what’s in the ground) and reserves (what can be commercially exploited). Ukraine’s proven mineral reserves are limited.

    Further, Ukraine has an estimated mineral wealth of around US$14.8 trillion (A$23 trillion), but more than half of this is in territories currently occupied by Russia.

    What does the new deal mean for Ukraine?

    American support for overseas conflict is usually about securing US economic interests — often in the form of resource exploitation. From the Middle East to Asia, US interventions abroad have enabled access for American firms to other countries’ oil, gas and minerals.

    But the first iteration of the Ukraine mineral deal, which Zelensky rejected in February, had been an especially brazen resource grab by Trump’s government. It required Ukraine to cede sovereignty over its land and resources to one country (the US), in order to defend itself from attacks by another (Russia).

    These terms were highly exploitative of a country fighting against a years-long military occupation. In addition, they violated Ukraine’s constitution, which puts the ownership of Ukraine’s natural resources in the hands of the Ukrainian people. Were Zelensky to accept this, he would have faced a tremendous backlash from the public.

    In comparison, the new deal sounds like a strategic and (potentially) commercial win for Ukraine.

    First, this agreement is more just, and it’s aligned with Ukraine’s short- and medium-term interests. Zelenksy describes it as an “equal partnership” that will modernise Ukraine.

    Under the terms, Ukraine will set up a United States–Ukraine Reconstruction Investment Fund for foreign investments into the country’s economy, which will be jointly governed by both countries.

    Ukraine will contribute 50% of the income from royalties and licenses to develop critical minerals, oil and gas reserves, while the US can make its contributions in-kind, such as through military assistance or technology transfers.

    Ukraine maintains ownership over its natural resources and state enterprises. And the licensing agreements will not require substantial changes to the country’s laws, or disrupt its future integration with Europe.

    Importantly, there is no mention of retroactive debts for the US military assistance already received by Ukraine. This would have created a dangerous precedent, allowing other nations to seek to claim similar debts from Ukraine.

    Finally, the deal also signals the Trump administration’s commitment to “a free, sovereign and prosperous Ukraine” – albeit, still without any security guarantees.

    Profits may be a long time coming

    Unsurprisingly, the Trump administration and conservative media in the US are framing the deal as a win.

    For too long, Trump argues, Ukraine has enjoyed US taxpayer-funded military assistance, and such assistance now has a price tag. The administration has described the deal to Americans as a profit-making endeavour that can recoup monies spent defending Ukrainian interests.

    But in reality, profits are a long way off.

    The terms of the agreement clearly state the fund’s investment will be directed at new resource projects. Existing operations and state-owned projects will fall outside the terms of the agreement.

    Mining projects typically work within long time frames. The move from exploration to production is a slow, high-risk and enormously expensive process. It can often take over a decade.

    Add to this complexity the fact that some experts are sceptical Ukraine even has enormously valuable reserves. And to bring any promising deposits to market will require major investments.

    What’s perhaps more important

    It’s possible, however, that profits are a secondary calculation for the US. Boxing out China is likely to be as – if not more – important.

    Like other Western nations, the US is desperate to diversify its critical mineral supply chains.

    China controls not just a large proportion of the world’s known rare earths deposits, it also has a monopoly on the processing of most critical minerals used in green energy and defence technologies.

    The US fears China will weaponise its market dominance against strategic rivals. This is why Western governments increasingly make mineral supply chain resilience central to their foreign policy and defence strategies.

    Given Beijing’s closeness to Moscow and their deepening cooperation on natural resources, the US-Ukraine deal may prevent Russia — and, by extension, China — from accessing Ukrainian minerals. The terms of the agreement are explicit: “states and persons who have acted adversely towards Ukraine must not benefit from its reconstruction”.

    Finally, the performance of “the deal” matters just as much to Trump. Getting Zelensky to sign on the dotted line is progress in itself, plays well to Trump’s base at home, and puts pressure on Russian President Vladimir Putin to come to the table.

    So, the deal is a win for Zelensky because it gives the US a stake in an independent Ukraine. But even if Ukraine’s critical mineral reserves turn out to be less valuable than expected, it may not matter to Trump.

    Eve Warburton receives funding from the Australian Research Council and the Westpac Scholars Trust.

    Olga Boichak is a director of the Foundation of Ukrainian Studies in Australia. She receives funding from the Australian Research Council and the Westpac Scholars Trust.

    – ref. Why Zelensky – not Trump – may have ‘won’ the US-Ukraine minerals deal – https://theconversation.com/why-zelensky-not-trump-may-have-won-the-us-ukraine-minerals-deal-255875

    MIL OSI Analysis – EveningReport.nz –

    May 6, 2025
  • MIL-OSI USA: Cantwell, Colleagues Demand DOJ Reverse Cancellation of Hundreds of Public Safety Grants

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    05.05.25
    Cantwell, Colleagues Demand DOJ Reverse Cancellation of Hundreds of Public Safety Grants
    Trump Administration seeks to cut $55 million in grant funding for six Washington state public safety programs
    WASHINGTON, D.C. – U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, joined nearly 30 Democratic senators in sending a letter to the Department of Justice (DOJ) urging Attorney General Pam Bondi and Deputy Assistant Attorney General Maureen Henneberg to reverse the abrupt cancellation of hundreds of public safety grants that serve crime victims and improve public safety in communities across the country. The Trump Administration is attempting to cut grant funding for 365 programs nationwide, including cutting $55 million in grant funding for six Washington state public safety and victim service programs. The letter also instructs DOJ to provide information about its decision to cancel the grants. 
    “On April 22, the Department of Justice’s (DOJ) Office of Justice Programs (OJP) notified hundreds of grant recipients across the country, without warning, that their funding had been terminated, effective immediately. Many of these grants are authorized by Congress and support programs that have enhanced public safety in communities rural and urban, affluent and poor, Democratic and Republican. While this Administration continues to market itself as the  administration of law and order and public safety, DOJ has decided to defund programs that  prosecutors, police and sheriff’s departments, judges, mental health service providers,  academics, and more depend on to advance the Department’s longstanding ‘core mission of  keeping Americans safe and vigorously enforcing the law,’” the Senators wrote. 
    “Based on public reporting, outreach from grantees, and a DOJ Justice Management Division (JMD) spreadsheet (Encl. 1), it appears that the Department defunded at least 365 public safety grants on April 22, 2025. A review of this information reveals that these grants provide support for victims of crime and resources for communities to ensure public safety,” the Senators continued.
    For example, with these grant terminations, the Department has defunded programs that support victims of crime, combat rape in prison, assist people with mental health disorders, reduce and prevent violence, and support successful reentry. These examples offer only a sample of the critical funding that DOJ abruptly terminated. In Washington state, DOJ cancelled six grants totaling over $55 million. These grants included:
    Three awards worth over $48 million to the National CASA Association to train court appointed special advocates (CASA) who represent abused and neglected children in legal proceedings.
    Two awards totaling $6 million to the Children and Youth Justice Center to prevent violent crime by creating on-the-ground partnerships with community members, law enforcement, victim service providers, and other local stakeholders.
    One award worth $250,000 to the Washington State Department of Corrections to reduce sexual abuse in state correctional facilities.
    “The magnitude of these defunding measures, Congress’ role in authorizing and appropriating grant funds, and the negative impacts that the sudden termination of funding will have on public safety in communities across the country, requires the immediate review of the processes and decisions that led to the cancellation of these critical grants,” the Senators wrote.
    The Senators requested answers to nine questions about the cancellations, including whether the Department has reallocated the money to other programs and how officials determined which grants should be cancelled. 
    A DOJ JMD spreadsheet lists 365 grants totaling $811 million that were terminated on April 22.
    Does this spreadsheet represent the entire universe of grants that were terminated?  
    Are there grants that were terminated that are not reflected on the list? If so, provide the information in every column for these grants. 
    Which grants that were terminated on April 22 have since been restored? For each grant restored, please provide the reason for its restoration.  
    How were the grants that were terminated chosen? What were the factors  considered in making the determination to terminate? Where the affected grantees were state or local jurisdictions, did the political party of state or local officials in  those jurisdictions influence the determination to terminate? 
    Were there entire categories of grants that were terminated? If so, provide the  categories.  
    What is the legal basis for terminating grant funds that are statutorily required? 
    Has DOJ reallocated the funds it rescinded on April 22? Provide any specific  programs or purposes to which these funds will be reallocated. 
    Will DOJ terminate any more grants, from any of its funding components, that have been obligated or are in cycle? If so, provide the grant-making component and the grants that will be terminated or are under consideration to be terminated.  
    Was former Tesla employee turned-DOGE staffer Tarak Makecha solely responsible for selecting which grants to terminate? Provide the names of all individuals within DOJ who reviewed or approved the cancellation of the grants.  
    Did any White House officials review the grants to be terminated or otherwise have any involvement in the decision to terminate the grants? Provide their names.
    “Additionally, we advise that the Department restore immediately the grants terminated on April 22. The cursory termination of these programs imperils the public safety of the victims and communities that rely on these critical resources,” the Senators concluded.
    The letter was led by U.S. Senator Cory Booker (D-NJ) and is cosigned by Senators Chuck Schumer (D-NY), Dick Durbin (D-IL), Mazie Hirono (D-HI), Chris Coons (D-DE), Amy Klobuchar (D-MN), Richard Blumenthal (D-CT), Alex Padilla (D-CA), Adam Schiff (D-CA), Sheldon Whitehouse (D-RI), Peter Welch (D-VT), Andy Kim (D-NJ), Elizabeth Warren (D-MA), Ruben Gallego (D-AZ), Raphael Warnock (D-GA), Tim Kaine (D-VA), Ben Ray Lujan (D-NM), Ron Wyden (D-OR), Kirsten Gillibrand (D-NY), Jeanne Shaheen (D-NH), Chris Van Hollen (D-MD), Patty Murray (D-WA), Brian Schatz (D-HI), Ed Markey (D-MA), Jack Reed (D-RI), Bernie Sanders (I-VT), Gary Peters (D-MI), and Chris Murphy (D-CT). 
    The full text of the letter is available HERE.

    MIL OSI USA News –

    May 6, 2025
  • MIL-OSI Banking: France and Spain launch Tiger MkIII programme

    Source: Airbus

    Headline: France and Spain launch Tiger MkIII programme

    OCCAR (Organisation for Joint Armament Cooperation), on behalf of the French and Spanish Armament General Directorate, the DGA (Direction Générale de l’Armement) and the DGAM (Dirección General de Armamento y Material) has awarded a contract to Airbus Helicopters for the development, production, and initial in-service support of the Tiger MkIII.

    MIL OSI Global Banks –

    May 6, 2025
  • MIL-OSI Banking: Airbus inaugurates new campus to train the pilots of tomorrow

    Source: Airbus

    Headline: Airbus inaugurates new campus to train the pilots of tomorrow

    Airbus Flight Academy Europe (AFAE), a 100% subsidiary of Airbus, has inaugurated a new campus, in Angoulême, South-West France. During the ceremony, Airbus confirmed that Volotea, the Barcelona-based airline, is the first to recruit its Airbus pilot cadets.

    MIL OSI Global Banks –

    May 6, 2025
  • MIL-OSI Banking: Galileo 2nd generation satellites ready to navigate into the future

    Source: Airbus

    Headline: Galileo 2nd generation satellites ready to navigate into the future

    Airbus has successfully completed the Preliminary Design Review (PDR) for its system concept for the second generation Galileo navigation satellites. During this important milestone, Airbus’ proposed preliminary design and the customer’s system requirements have been fully reviewed and agreed.

    MIL OSI Global Banks –

    May 6, 2025
  • MIL-OSI Banking: Airbus reports share buyback transactions 28 Feb to 3 March 2022

    Source: Airbus

    Headline: Airbus reports share buyback transactions 28 Feb to 3 March 2022

    Airbus SE reports the following share buyback transactions from 28 February to 3 March 2022 under Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (“EU Market Abuse Regulation”).

    MIL OSI Global Banks –

    May 6, 2025
  • MIL-OSI USA: Tillis Applauds New NC State Directors for the Farm Service Agency and Rural Development

    US Senate News:

    Source: United States Senator for North Carolina Thom Tillis

    WASHINGTON, D.C. – Today, Senator Thom Tillis applauded the announcement from Secretary of Agriculture Brooke Rollins that Ron Garrett has been appointed as State Executive Director of the North Carolina Farm Service Agency and Robert Hosford has been appointed as State Director of North Carolina Rural Development.

    “Ron and Robert are fantastic choices to lead the NC Farm Service Agency and Rural Development,”said Senator Tillis. “I was proud to advocate on behalf of both of them and I look forward to working with them to support North Carolina’s farmers and rural communities.”

    Background: 

    Ron Garrett will serve as the State Executive Director for the Farm Service Agency in North Carolina. Most recently Ron served as a County Executive Director for FSA for over 33 years. Ron earned his Bachelor of Science degree in Agricultural Business Management from North Carolina State University.

    Robert Hosford will serve as State Director for Rural Development in North Carolina, a position he held during President Trump’s first term. In 2003 he was appointed the Chief of Staff for the USDA Farm Service Agency through 2009. After earning a B.S. from Mississippi State University, Hosford relocated to Washington D.C., as a part of the Government Affairs team for the National Cattlemen’s Beef Association.  

    MIL OSI USA News –

    May 6, 2025
  • MIL-OSI New Zealand: Social Media Bill Should Be Government Bill

    Source: E-Commerce arrangement with China to boost Digital Exports

    MEDIA RELEASE – 6 May 2025

    Family First welcomes the introduction of a Social Media Age-Appropriate Users Bill by Catherine Webb, the National MP for Tukituki, which makes it a legal requirement for social media companies to verify users are sixteen years or older.

    However, with the supposed backing of the Prime Minister Christopher Luxon and the National Party, Family First is asking why this Bill is being left to the luck of the members bills’ ballot and not made a government Bill?

    “If as Ms Webb and Mr Luxon say in their introductory comments that this is intended to protect young people from bullying, inappropriate content and social media addiction, then why is it not a government priority which would actually see the idea made into law, or at the very least have a parliamentary & public discussion via a Select Committee process?” asks Bob McCoskrie, CEO of Family First.

    Family First has long advocated for better regulation of social media and support for parents so as to protect young people.

    “First and foremost, there needs to be a community response where parents unite to ensure their young children are not exposed to social media, but there is also room for government support to empower parents,” says Mr McCoskrie.

    Dr Jonathan Haidt – author of “The Anxious Generation: How the Great Rewiring of Childhood is Causing an Epidemic of Mental Illness” – notes in his acclaimed research that there is a clear correlation between the introduction of smart phones and a significant decline in young people’s mental health.  (Dr Haidt was a guest at last year’s Forum on the Family and he called on New Zealand and other countries to do more to protect young people from the harms online.)

    In Australia, a Guardian newspaper poll last year found that almost 70% wanted age limit raised from 13 years to 16 years when it came to social media.  Of this, 44% strongly supported the idea and 24% were somewhat supporting it.  Only 14% opposed the notion and 17% were unsure.

    In the US State of Virginia, legislation has just passed ensuring social media companies limit under sixteen year olds to a maximum of one hour of scrolling a day.

    Family First thanks Catherine Wedd for drafting the Bill but once again calls on all the coalition parties in the Government (ACT and NZ First) to adopt the bill as a Government bill and ultimately walk the talk when it comes to protecting children online.

    “This important discussion needs to be a priority for the Government and not left in a biscuit tin.”

    MIL OSI New Zealand News –

    May 6, 2025
  • MIL-Evening Report: How did sport become so popular? The ancient history of a modern obsession

    Source: The Conversation (Au and NZ) – By Konstantine Panegyres, Lecturer in Classics and Ancient History, The University of Western Australia

    Roman mosaics discovered in Sicily show women playing different sports. David Pineda Svenske/Shutterstock

    It’s almost impossible to go a day without seeing or hearing about sport.

    Walk around any city or town and you will almost always catch a glimpse of people playing sports in teams or participating solo.

    Turn on the TV or radio and you’ll be able to find some kind of sport being played at international or national level.

    Why do people love sport so much?

    To answer this question, it’s worth a dive back into ancient history.

    An ancient person’s perspective

    One of the most famous figures from the ancient world, Saint Augustine of Hippo (354-430 AD), once wrote that when he was a boy he was obsessed with playing sports:

    I liked to play ball as a boy and my playing slowed my progress in learning to read and write.

    The earliest portrait of Saint Augustine in a 6th century fresco, Lateran, Rome.
    Wikimedia Commons, CC BY

    In fact, Saint Augustine was so preoccupied with playing ball that his teacher was said to sometimes beat him for it. His teacher said it was bad to waste one’s youth on such things – it’s better to study hard.

    Why was Saint Augustine obsessed with ball games? He loved to win:

    I loved to play games […] in these games I was overmastered by my vain desire to excel, so I used to strive to win, even by cheating.

    Plenty of people today probably share Saint Augustine’s view that winning is one of the things that make sport enjoyable.

    Of course, there are many other reasons why people might like to play sport.

    What sports did they play?

    If you walked down a city street in ancient Greek and Roman times, it’s likely you’d come across children or even adults playing a ball game.

    Handball games played in ancient Greece.
    Gardiner, E. Norman/Wikimedia Commons, CC BY

    The Roman playwright Plautus (3rd/2nd century BC) even has one of his characters complain about people “who play ball in the street”.

    Ball games were probably the most popular sporting activity in the ancient world and could be played in many different ways.

    In one ball game, called episkyros, two teams competed against each other. If one team got the ball over the line behind the other team, they scored. Feet and hands could be used and tackles were permitted.

    Sounds familiar, doesn’t it?

    Of course, many other sports were also popular: athletics, swimming, wrestling, lifting weights and boxing were all favourites.

    Ancient ideas about the origins of sports

    For the ancient Greeks, the earliest mention of a ball game appears in the Odyssey, an epic poem composed by the poet Homer in probably the eighth or seventh century BC.

    In the Odyssey, Nausicaa, daughter of the King of the Phaeacians, plays a ball game with some other girls on the beach. While they throw the ball, they sing songs:

    Then when they had had their joy of food, she and her handmaids, they threw off their headgear and fell to playing at ball, and white-armed Nausicaa was leader in the song.

    During the game, Nausicaa throws the ball too far. Her maid can’t catch it and the ball flies into the sea. All the girls shout out when it goes flying.

    Already in the 3rd century BC, Nausicaa was sometimes regarded as the inventor of ball games. However, other people attributed the invention of ball games to different regions of Greece, saying the games were invented by the Sicyonians or Spartans.

    But it is unlikely any Greeks were the original inventors of ball games.

    In Egypt, thousands of years before Homer’s epics, there are already artistic depictions of ball games.

    For example, in the tomb of the Nomarch of the 11th Dynasty (c. 2150-2000 BC), Baqet III, there is artwork showing women playing ball games and men wrestling each other.

    Ancient ball games.
    J. Murray/Picryl, CC BY

    Baqet III, whose tomb contained these artistic depictions of various sports, was likely a true sports lover.

    Why did people like sports?

    People liked ball games for many different reasons.

    One was for the sheer fun and excitement. Another was because they were considered a healthy type of exercise.

    Ancient Greek and Roman doctors even told their patients to play ball games to become healthier.

    For example, the famous ancient Greek physician Galen (129-216 AD) wrote an essay titled On Exercise with a Small Ball.

    He argued “exercises with a small ball are superior to other kinds of exercises”.

    He claimed ball games were especially healthy because they moved all of the muscles and because teamwork was good for the soul.

    People in the ancient world also thought just watching sport could be something worth doing.

    The writer Lucian of Samosata (born 120 AD), for instance, said watching athletes competing for glory could help to encourage men to achieve similar feats: “many of the spectators go away in love with manfulness and hard work”, wrote Lucian.

    So it seems there’s nothing new about our modern love of playing and watching sports, and this obsession will probably continue for thousands of years into the future.

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

    – ref. How did sport become so popular? The ancient history of a modern obsession – https://theconversation.com/how-did-sport-become-so-popular-the-ancient-history-of-a-modern-obsession-254057

    MIL OSI Analysis – EveningReport.nz –

    May 6, 2025
  • MIL-Evening Report: Can a wooden spoon really stop a pot from boiling over? Here’s the science

    Source: The Conversation (Au and NZ) – By Jay Deagon, Senior Lecturer of Home Economics, CQUniversity Australia

    Alexanderstock23/Shutterstock

    One moment, your spaghetti is happily bubbling away in the pot. A minute later, after busying yourself with something else, you turn around to find a hot mess all over your stove.

    Boiling liquid can rocket up very quickly, and we often only have a split second to act. But are there ways to prevent the pot boiling over in the first place? One kitchen hack you may have seen on social media is to place a wooden spoon across the top of the pot.

    Does it work? As with many kitchen science questions, there is an answer – and there’s lots of nuance, too.

    In short, it will work, but not for long periods of time. Let’s dig into the why.

    What causes the bubbles?

    Interestingly, a pot of rapidly boiling pure water will not rise up the sides of the pot.

    Ingredients added to the water are the culprits for overflow and spillage. Pots of pasta, rice, porridge or milk are the most prone to boiling over and making a mess. A heavy stew is less likely to bubble over – unless you overfill the pot.

    In cookery, the key food molecules are water, carbohydrates, proteins, lipids (the collective term for fats and oils) and, to a lesser extent, vitamins and minerals.

    The main culprits for rapid boiling and overflow are carbohydrates and proteins. When carbohydrates or proteins (or a combination of both) come into contact with heated water molecules, their properties change and structures rearrange.

    Changes can happen quickly if the heat is high. Excited by lots of heat, the water molecules begin to boil rapidly. As this occurs, bubbles form.

    Why do the bubbles rise so quickly?

    The carbohydrates involved in bubbling up and messing up your kitchen are primarily plant starches. Pasta or porridge products are derived from plant starches such as wheat, rice, potato or corn. If you’re boiling anything with milk, a protein called casein can contribute to the bubbles, too.

    Casein and starches are known as colloids. “Colloidal dispersion” means that not all such particles will dissolve into a water solution, because some of these particles are too large. As bubbles form, the larger starch and/or protein particles start to coat the bubbles.

    For pasta water or porridge, the heat and starch solution starts to form a gel. This gel becomes sticky and, depending on the type of starch and other additives, the temperature of the boiling solution can rise above 100°C.

    So, they’re not just bubbles – they’re hot, sticky bubbles. Filled with air and coated with a sticky starch gel, as the solution continues to boil, the bubbles build on top of each other and rise up the sides of the pot.

    It’s a little different with milk. Have you ever noticed a film across the top of boiled milk? Milk skin is formed by heated casein. When heated, the casein can become quite strong – like plastic – and coat each bubble. Milk bubbles are smaller and become more of a foam, but they can still rise quickly.

    Boiling milk forms smaller bubbles – more like a foam – because of the cassein in the milk.
    Ahanov Michael/Shutterstock

    So, how does a wooden spoon stop the bubbles?

    Placing a wooden spoon over a boiling pot acts as an interruption to the bubbles – it lowers the surface temperature and provides a porous surface to burst the bubbles. This stops them from climbing over the edge of the pot.

    To understand why, picture another porous surface: the structure of a sponge. Because the sponge has a lot of holes in it, you can blow air through a dry sponge. However, air does not pass through a wet sponge because the holes are filled with water.

    Wood is a porous material, and a dry wooden spoon is more porous than when it’s wet. On contact with the wood, the air in the bubbles is released.

    But you can’t just leave a wooden spoon over the pot indefinitely and expect it to not boil over. As the spoon is exposed to heat, moisture, sticky starch or casein bubbles, it will soon become the same temperature as the liquid. That means it won’t reduce the surface temperature any more, nor be porous enough to burst bubbles.

    This is why some people claim the spoon hack doesn’t work – because it has a limited window of effectiveness.

    What should I do instead?

    Stirring the pot or using the wooden spoon as a fan would work equally as well.

    Better yet, try not to get distracted in the kitchen and select the correct kitchen tools for the job: use a bigger pot, and turn down the heat so it’s not just going full blast.

    We like to treat working in the kitchen like a meditation. Remain present and in the moment. If you do get distracted, turn the stove to its lowest setting, switch it off or remove the pot from the heat. The phrase “a watched pot never boils” doesn’t count in this situation. Indeed, a watchful eye on the pot is essential.

    Jay Deagon is affiliated with the International Federation for Home Economics and the Home Economics Institute of Australia.

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

    – ref. Can a wooden spoon really stop a pot from boiling over? Here’s the science – https://theconversation.com/can-a-wooden-spoon-really-stop-a-pot-from-boiling-over-heres-the-science-252519

    MIL OSI Analysis – EveningReport.nz –

    May 6, 2025
  • MIL-Evening Report: Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder

    Source: The Conversation (Au and NZ) – By Victoria Stace, Senior Lecturer, Te Herenga Waka — Victoria University of Wellington

    FotoDax/Shutterstock

    People coming out of prison in New Zealand face multiple hurdles reintegrating into society – starting with one of the most fundamental elements of modern life: getting a bank account.

    Not having a bank account can make it difficult to receive wages or a benefit, and to get a job or rent accommodation.

    In our new research we spoke with financial mentors and others working with prisoners on release, along with the Department of Corrections and banks, to better understand the hurdles for ex-prisoners.

    We found not having a bank account on release was common and that it hindered reintegration efforts. It also appears to directly increase the chance of an ex-prisoner returning to crime. As a representative from Māori social services organisation Te Pā explained,

    It is really important to get them a bank account if we want them to stay on the right side of the law. It is a key part of being part of society. [They] need to be part of mainstream financial services. If not, then [they are] much more likely to go back into crime.

    The relationship between not having access to banking and getting back into crime was also noted in a 2016 report from the Salvation Army. And a financial mentor told us the current situation was “making it hard for people to not re-offend”.

    A fundamental need

    Our research is spread over two reports commissioned by financial services organisation FinCap and includes 40 interviews with people in the banking industry, financial mentoring organisations, community groups and the Department of Corrections.

    The first report outlining our data was released in 2023, and the second in April 2025. The latter outlined the steps Corrections and the banking sector need to take to remove the hurdles faced by ex-prisoners trying to access a bank account.

    Approximately 10,000 individuals were held in a New Zealand prison in 2024 at any one time, and around half of these were sentenced prisoners with the rest on remand. New Zealand’s reimprisonment rate is high, with about 30% of first-time prisoners likely to return to prison.

    The Reserve Bank has argued that broad financial inclusion is important for society as it helps promote prosperity and contributes to a productive economy. Part of this involves ensuring everyone has access to a bank account.

    Without access to a bank account, ex-prisoners struggle to get a job, secure housing or receive a benefit.
    Siriporn Pimpo/Shutterstock

    Hurdles to access

    There seem to be several things hindering ex-prisoners’ access to banking, with New Zealand’s anti-money laundering rules a major problem.

    The law requires banks to complete certain checks before a person is allowed to open an account. Currently, banks require two forms of ID and a verifiable address.

    People just out of prison often don’t have these. We found other hurdles include limited access to the internet, banks being unwilling to take on this group of customers, and ex-prisoners’ lack of confidence to engage with banks.

    But there are ways we can make access to bank accounts easier for ex-prisoners.

    Putting the onus on Corrections to proactively assist people due for release to get whatever documents the banks require, and to apply for the account to be set up before release, would be a good start. But it will likely require additional resourcing for the department.

    A recent discussion paper from the Council of Financial Regulators has suggested the introduction of transactional accounts – a new type of bank account requiring less in the way of formal ID.

    Basic transactional accounts could help ex-prisoners by making it easier to meet bank requirements. These would be a basic account that could receive wages and benefits and enable payments, but not provide credit.

    It could also have limits on the amounts held in the account, which would minimise money laundering risks.

    The major banks also have a key role to play in making change happen. Only one major bank – Westpac – has been willing to offer bank accounts to ex-prisoners so far, with a special programme that allows people in prison (both those still not due for release and those on their way out) to open an account. This has been very helpful for those who have had access to it.

    During our research, Corrections emphasised the importance of major banks acting as default providers of banking services to prisoners and ex-prisoners (similar to default providers of KiwiSaver).

    This approach would aim to ensure prisoners had the freedom to choose their banking provider. Encouraging participation in such a programme was seen as an opportunity for banks to demonstrate corporate social responsibility.

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

    – ref. Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder – https://theconversation.com/locked-up-then-locked-out-how-nzs-bank-rules-make-life-for-ex-prisoners-even-harder-255110

    MIL OSI Analysis – EveningReport.nz –

    May 6, 2025
  • MIL-OSI New Zealand: Economy – 2024 General Insurance Stress Test Results published today – Reserve Bank of NZ

    Source: Reserve Bank of New Zealand

    6 May 2025 – The Reserve Bank of New Zealand has published the results from the 2024 General Insurance Industry Stress Test. The exercise assessed insurers’ responses to a major earthquake and severe but plausible cyber-risk incidents.

    The seismic scenario was based on a magnitude 8.7 earthquake along the Hikurangi Subduction Zone off the east coast of the North Island. The scenario was designed to simulate an event well beyond our solvency requirements to enable testing of insurers’ preparedness and recovery plans. This scenario would result in widespread damage and a sharp decline in GDP. Participating insurers modelled property losses of $62 billion, which rose to around $100bn if extrapolated out to cover the whole market.  

    “Despite the severity of the scenario, policyholder claims would have been met,” said Kerry Watt, Director of Financial Stability Assessment and Strategy. “This is a sign of the resilience that’s been built into the system since the Canterbury earthquakes, including strengthening of solvency requirements, increased coverage by the Natural Hazards Commission and improved loss estimation modelling.”  

    The severity of the test did mean substantial mitigating actions were required to return insurers to required solvency positions. Capital injections from their parent companies and ongoing availability of reinsurance were identified as critical to enabling insurers to continue to offer cover following such an event. The exercise provided valuable insights to feed into our review of solvency standards and our recovery planning.  

    The stress test noted the significant impacts beyond the insurance industry. This includes costs to the Crown through funding of the Natural Hazards Commission and meeting recovery costs for damage to uninsured assets and any economic support programmes. This highlights the importance of the government maintaining sufficient fiscal buffers to manage such shocks.

    “The exercise was challenging and required a significant collaborative effort across industry and government. Ultimately, the scenario highlights the importance of all stakeholders, individually and collectively, understanding the risks and preparing for these types of severe events,” said Mr Watt.  

    The stress test also included a number of cyber scenarios, including a major data breach, a critical cloud services outage, and a ransomware attack. Insurers demonstrated resilience to claims arising from large cyber events, though these could have a significant impact on profitability.  

    “Cyber risks are growing and evolving quickly. This exercise helped insurers identify where they are most exposed, and where more work is needed to understand and model these risks. We encourage the industry to build on these insights to improve resilience in this rapidly changing space,” Mr Watt said.

    The Reserve Bank will continue to work closely with insurers and relevant government agencies to support New Zealand’s preparedness for seismic and cyber risks.
     

    More information

    2024 General Insurance Industry Stress Test : https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=08fd9aa271&e=f3c68946f8

    What is a Stress Test?  – Stress Tests are a critical tool we use to assess potential vulnerabilities, support risk management, and inform policy and supervisory decisions. 
    The May Financial Stability Report (FSR) will be released on Wednesday 7 May 2025 at 9:00am. There will be a media conference on the same day at 1:00pm.
    The Reserve Bank worked closely with the Treasury, the Natural Hazards Commission, the Department of the Prime Minister and Cabinet and the National Emergency Management Agency when producing this Bulletin.

    MIL OSI New Zealand News –

    May 6, 2025
  • MIL-OSI China: Robust performance of listed firms highlights vitality, resilience of Chinese economy

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

    This photo taken on April 25, 2025 shows robot IRON of Xiaopeng at the 21st Shanghai International Automobile Industry Exhibition in east China’s Shanghai. [Photo/Xinhua]

    Most companies listed on China’s A-share market delivered robust performance last year, underscoring the vitality and resilience of the world’s second-largest economy.

    As of Tuesday, 5,304 firms listed on Shanghai and Shenzhen stock exchanges had released their financial reports for 2024, with 66.42 percent achieving profits, according to financial information provider Wind Info. Notably, 19.21 percent posted a year-on-year net profit increase of over 20 percent.

    These reports reflect the underlying strength of the Chinese economy, buoyed by ongoing industrial transformation and a steady buildup in innovation capacity, said Zhu Keli, a researcher with the China Institute of New Economy.

    New engines 

    Financial disclosures showed emerging sectors, from artificial intelligence and new energy to advanced manufacturing, are becoming fresh growth engines driving China’s economic development.

    According to data from the main board of the Shanghai Stock Exchange, nearly half of China’s top 50 listed firms by market capitalization in 2024 came from emerging industries, a marked increase in both number and proportion.

    The auto and electronics sectors stood out among emerging industries with stellar net profit growth. The auto industry posted an 11.16 percent year-on-year expansion in net profit while the electronics sector surged 35.18 percent from a year ago, underlining the strong momentum in tech-related manufacturing.

    Auto parts supplier Shuanglin Group, for instance, reported a more than fivefold increase in net profit last year, driven by rising demand from electric vehicle (EV) makers including BYD and Changan Auto. The company has also secured new orders from EV brands like AVATR.

    In the electronics sector, Will Semiconductor Co., Ltd. Shanghai, saw its business performance register marked growth last year, with operating revenue hitting a record high. The leading semiconductor producer credited its rapid expansion to a rebound in the semiconductor sector and surging demand for high-end smartphones and intelligent vehicles in the market.

    Innovation-driven growth 

    Technological innovation emerged as a notable feature of corporate performance last year. China’s listed companies have been increasingly bets on frontier and disruptive technologies, playing a pivotal role in the country’s broader push for innovation-driven growth.

    Data showed that in 2024, A-share firms accounted for more than half of corporate research and development (R&D) spending nationwide and held nearly one-third of all the country’s patents. The R&D intensity, measured by R&D expenditure as a share of operating revenue, gained 0.1 percentage points from a year ago to 2.6 percent.

    Chongqing-based automaker Seres, which collaborates with Huawei on AITO cars, invested nearly 7 billion yuan (about 972 million U.S. dollars) in R&D last year, a surge of about 60 percent year on year. Its R&D crew also expanded by about a quarter from a year ago to over 6,200 people.

    By maintaining a strong focus on R&D, the firm has tapped global frontier technologies and innovation resources, facilitating the integration of software and automotive technologies, said Zhang Xinghai, chairman of the company.

    These financial reports underline the faster integration between traditional and emerging industries in the Chinese economy, with listed firms proactively sharpening competitive edges, Zhu said, adding that the country is fostering diversified growth engines amid the pursuit of high-quality development.

    In the annual government work report released in March, China’s policymakers have pledged to make solid progress in high-quality development, outlining measures to modernize its industrial system and advance the integration of technological and industrial innovation, among others. 

    MIL OSI China News –

    May 6, 2025
  • MIL-OSI China: Chinese automaker backs Indonesia’s green industry push as main partner in AIGIS 2025

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

    This photo taken on Feb. 13, 2025 shows the booth of Jaecoo, a brand of Chinese automaker Chery, during the 2025 Indonesia International Motor Show (IIMS) in Jakarta, Indonesia. [Photo/Xinhua]

    JAECOO, an SUV brand under China’s Chery Group, has been trusted as the main partner in organizing the 2nd Annual Indonesia Green Industry Summit (AIGIS) to be held this August, a flagship initiative launched by Indonesia’s Ministry of Industry to accelerate the country’s progress toward its 2060 net-zero emissions target.

    “This involvement reflects JAECOO’s long-term commitment to supporting Indonesia’s green industry ecosystem through technological innovation and strategic collaboration,” the company said in a press release on Sunday.

    As part of the AIGIS program, the 2025 National Green Industry Forum was held in Bandung on April 30, bringing together over 300 stakeholders from government, industry, and research institutions.

    Discussions focused on the adoption of low-carbon technologies, improvements in energy efficiency, and the advancement of green innovation.

    The forum highlighted the urgent need for industrial transformation, noting that Indonesia’s industrial sector accounts for 34 percent of greenhouse gas emissions and contributes 41 percent to the nation’s GDP.

    JAECOO officially entered the Indonesian market in early 2025, introducing its J7 model equipped with the Super Hybrid System (SHS), a solution designed to combine environmental sustainability with powerful urban mobility.

    “I was surprised by the pre-booking price. It’s very competitive for a vehicle with this level of capability,” said Deputy Minister of Industry Faisol Reza, who test-drove the J7 SHS at the forum. “PHEV (Plug-in Hybrid Electric Vehicle) technology like this is far more efficient and cost-effective than conventional hybrids (HEVs).”

    As a brand rooted in new energy innovation, JAECOO shares a common vision with the Indonesian government’s green development roadmap.      

    According to the company, its participation in AIGIS reflects a commitment to delivering real technology and real action for a sustainable future.

    MIL OSI China News –

    May 6, 2025
  • MIL-OSI China: Holiday inbound tourism thrives

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

    China’s inbound tourism market saw strong recovery and growth during the just-concluded May Day holiday, with smaller cities attracting more foreign visitors seeking cultural experiences, according to industry insiders.

    During the five-day break, inbound travel bookings surged 130 percent from a year earlier, said Trip.com Group, China’s largest online travel agency. While top-tier cities such as Beijing and Shanghai remained popular, destinations including Chengdu in Sichuan province, Chongqing, Hangzhou in Zhejiang province, Zhuhai in Guangdong province, and Xi’an in Shaanxi province also made the list of top inbound choices.

    China has been opening its doors wider to international travelers. In 2024, the country expanded its unilateral visa-free policy to include 38 countries, allowing visits of up to 30 days, according to the National Immigration Administration.

    Favorable tax refund policies have also boosted inbound travel. In late April, China lowered the tax refund threshold from 500 yuan ($68.80) to 200 yuan and raised the cash refund limit from 10,000 yuan to 20,000 yuan. There is no limit on refunds processed by bank transfer, according to a guideline issued by the Ministry of Commerce and five other departments.

    “We encourage relevant institutions to provide tax refund services through various means such as mobile payments, bank cards and cash, and to better meet the diverse payment service needs of overseas travelers,” said Sheng Qiuping, vice-minister of commerce, at a recent news conference in Beijing.

    During the holiday, tourists from the United States, South Korea and Japan made up the largest share of inbound visitors. The number of travelers from Australia, Vietnam and Canada also rose significantly, according to Beijing-based travel platform Qunar.

    Foreign visitors are venturing beyond major cities. Hotel bookings by foreign tourists in Zhuhai rose 70 percent year-on-year, while Qingdao in Shandong province and Wuhan in Hubei province saw increases of 60 percent and 50 percent, respectively, Qunar reported.

    China’s picturesque landscapes and rich culinary culture have frequently been featured in South Korean TV dramas and variety shows, piquing travel interest. The May Day holiday also coincides with a public holiday in South Korea, encouraging young travelers to visit China.

    South Korea’s leading travel agency, Hana Tour, said January trips to China rose 77 percent year-on-year, outpacing a 20 percent increase for trips to Japan. The surge was mainly driven by China’s visa-free policy.

    Major South Korean airlines have responded by expanding their international flight offerings to China to meet rising demand.

    Meanwhile, more foreign visitors are seeking immersive cultural experiences in rural areas. A Trip.com resort in Zhangjiajie, Hunan province, reported a surge in bookings from tourists from the US, Italy and Spain since April.

    “Besides sightseeing, foreign tourists have shown increasing interest in in-depth tours and diverse experiences, such as participating in farming activities and attending ethnic concerts,” said Fang Zexi, a Trip.com Group researcher.

    Their cultural curiosity extends into everyday life. In Chengdu, a popular southwestern city, more foreign visitors are booking culinary experiences, visits to local farmers’ markets, cooking sessions, table presentations and food tasting, Trip.com said.

    In the first three days of the holiday, more than 5,700 inbound passenger trips were recorded by Chengdu’s border inspection authority, a year-on-year increase of over 170 percent, according to the Sichuan provincial entry and exit bureau.

    MIL OSI China News –

    May 6, 2025
  • MIL-OSI New Zealand: Politics and Business – Pay equity improvement supported – BusinessNZ

    Source: BusinessNZ

    BusinessNZ supports amending the pay equity process to make it more transparent, evidence-based, and more able to achieve robust settlements.
    BusinessNZ Chief Executive Katherine Rich says the current process is bringing large anomalies between the public and private sectors, in effect leading to new equity problems – between those employed in the public sector and those in the private sector.
    “Increases in public health sector remuneration have created difficulties in the private sector where they can’t afford those pay rates. Where those private sector employers receive government funding for some services, it is not enough to cover the contracted services they provide. As a result, they are losing staff, suffering from industrial action and face problems in delivering their contracted work.
    “These outcomes indicate that the pay equity process needs attention.
    “Current problems include unclear evidence for some pay equity claims, a lack of transparency around choice of comparators for the pay equity process, and insufficient incentives for the bargaining parties to resolve pay equity claims themselves, without recourse to the government.
    “BusinessNZ supports a review of the settings for pay equity claims, in the interests of fairness and a more balanced economy,” Mrs Rich said.
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News –

    May 6, 2025
  • MIL-OSI USA: During National Small Business Week, Ernst Names Small Business of the Week, Nimrod Meats

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    RED OAK, Iowa – During National Small Business Week, U.S. Senator Joni Ernst (R-Iowa), Chair of the Senate Small Business Committee, today announced her Small Business of the Week: Nimrod Meats of Hardin County. Throughout the 119th Congress, Chair Ernst plans to recognize a small business in every one of Iowa’s 99 counties.
    “To kick off National Small Business Week, I’m honored to recognize Iowa Falls’ Nimrod Meats. Founded in 2022 by the Damiano family, this small business has grown into a cornerstone of Hardin County that offers fresh cuts of meat, local honey, and more,” said Chair Ernst. “This full-service meat processor, locker, and farm-to-table retail market continues to meat the needs of Iowans while beefing up community processing capabilities across Iowa.”
    In 2022, Marine Corps veteran Rocky Damiano and his wife, Karla, established Nimrod Meats to provide a full-service meat processing facility for local farmers, hunters, and families in central Iowa. The 9,800-square-foot facility offers custom and third-party meat processing, specialized packaging, and a farm-to-table retail market. The market features artisan goods and health-focused products, many of which are sourced from other small businesses across Iowa. The family-run and veteran-owned operation continues to grow its footprint, delivering premium products across the state of Iowa. Later this month, Nimrod Meats will celebrate its third anniversary.
    Stay tuned as Chair Ernst recognizes more Iowa small businesses across the state with her Small Business of the Week award.

    MIL OSI USA News –

    May 6, 2025
  • MIL-OSI Australia: Interview with Karl Stefanovic, Today Show

    Source: Australia’s climate in 2024: 2nd warmest and 8th wettest year on record

    Karl Stefanovic, Host: Well, back to work for the Labor Government this week after partying like it was 1983. Well, we all like a party, don’t we? Or is it just me? Foreign Affairs Minister Penny Wong joins us now live from Adelaide to discuss. Penny, good morning to you. How was it?

    Penny Wong, Foreign Minister: Good morning, Karl. Look, it’s you know we feel humbled, and grateful, and really conscious of the responsibility and privilege Australians have given us, and we will work every day to repay that trust.

    Stefanovic: Was there a specific moment on the night when you knew you’d won, when you turned to someone and said, this is ours.

    Foreign Minister: Well, I think I was with the Prime Minister and obviously we were looking at a lot of the results and frankly, the result became much clearer, much quicker than I thought it would. Because what we saw, really, is that the Liberal Party is not the party of middle Australia. The cities and the suburbs of Australia looked at Peter Dutton, looked at the Liberal Party, and said, look, you’re not in touch with the life I’m living. You’re not in touch with the things that are hard for me, the things that I want. You’re not in touch with my values. And very comprehensively across the country, we saw, particularly our cities and our suburbs, the Liberals hold such a small fraction of the seats within metropolitan Australia. They just don’t represent middle Australia.

    Stefanovic: What did you say to each other when you knew you’d won?

    Foreign Minister: I think I gave him a hug.

    Stefanovic: Pretty emotional?

    Foreign Minister: It’s always emotional. It’s a big thing isn’t it? I mean, it’s a big thing to form government. It’s a big thing to be given that responsibility and the honour of forming government by the Australian people. It’s a humbling moment, and we carry that with us. And as the Prime Minister said, we’re back to work and we will work every day to repay this trust.

    Stefanovic: Okay, let’s get on with it. A couple of quick-fire election questions for you. Is Tanya still on the front bench after that air kiss?

    Foreign Minister: Tanya, as the PM has said, will be a senior cabinet minister, he’s made that clear.

    Stefanovic: Does Chris Bowen need some time off the bench?

    Foreign Minister: I think Chris is, remember, Chris when we first came to government, had to deal with a gas crisis, an energy crisis, where as a result of where we’d been, we had real reliability and supply problems. He’s doing, and has done, an excellent job. What happens to people’s portfolios is at the privilege of the Prime Minister. He’s made some indication about a number of us in the leadership group and in senior portfolios, who will continue in our current jobs but the rest is up to him.

    Stefanovic: Will you stay a full term?

    Foreign Minister: Yes, I will. And in fact, the size of this victory and the prospect of a third-term Labor Government, it looks pretty good.

    Stefanovic: You’ll stay in that portfolio?

    Foreign Minister: I want to. And the Prime Minister’s indicated that me, Richard, Don Farrell, Katy and Jim will stay where we are. And we’re really appreciative, all of us, of the opportunity and the trust he’s shown in us.

    Stefanovic: Will the PM stay a full term?

    Foreign Minister: He’s said so. And I think –

    Stefanovic: And then some?

    Foreign Minister: It’s a pretty funny thing to ask. Yeah exactly, and then some. I think it’s a pretty funny thing to ask given what we saw on Saturday.

    Stefanovic: I mean, everyone’s happy with that? Jim’s alright with that?

    Foreign Minister: I think Jim’s answered this very clearly. He’s made the point, what an honour it is for all of us to serve as senior ministers in a Labor Government. And the Prime Minister leads this Government, and this opportunity that we all have is as much down to him as it is to the Australian people.

    Stefanovic: Alright, more importantly, Trump’s tariffs loom pretty large, as you would know. Will you help sandbag the Australian film industry? If so, what might that look like? Because there’s a great deal of understandable nervousness inside that industry.

    Foreign Minister: Absolutely. And I think that there’s also the reality, isn’t there, which is we do a lot of work with the American film industry. And there’s a lot of films, Australian actors in American films, Australian crews working on US films, films filmed here in Australia, which are collaborations between American studios and Australian companies. So, these tariffs really don’t reflect the reality of the cooperation and collaboration between our countries. So, we’ll obviously be putting that view to the US administration. I did hear as I was driving in this morning, President Trump on the radio saying that he was going to have a discussion with the studios, and we think that’s a good thing.

    Stefanovic: Okay, meantime, the Greens here say they’re still carrying a stick in the Senate. You’ll still need to listen to them. It’s more like a toothpick with a cocktail onion now, don’t you think?

    Foreign Minister: I wonder if I can use that line. Do you think I can use that line in the Senate with them? Karl, what do you reckon?

    Stefanovic: You can quote me anytime you want.

    Foreign Minister: ‘As Karl said’. See how that goes down? It might work, might not. Look, one of the things about Saturday, Karl, is I think Australians rejected the politics of conflict and the politics of grievance. And, unfortunately, Adam Bandt in some ways is quite like Peter Dutton. It’s the same conflict, it’s the same, frankly, sometimes quite aggressive, and the same politics of protest and grievance. And I think Australians have comprehensively rejected that. And my suggestion to Adam Bandt is perhaps he should consider what message Australians sent to all of us in the Parliament.

    Stefanovic: He may not be there. Look, you mentioned the Voice during the campaign as well, Penny. I listened to it and you clearly weren’t saying you were going to go back to it, but it was seized upon, as you know. Did you worry at any point that you’d made a mistake to the party?

    Foreign Minister: You know me, Karl, I’m always hard on myself, aren’t I? And, of course, you always worry about giving your opponent the opportunity to have a go. But can I say, I think what it demonstrated was what I said at the start – Peter Dutton’s reflexes, the Liberal Party’s desire to get into the culture wars, is part of them not being where middle Australia is at. People were concerned about Medicare, people were concerned about cost of living, people were concerned about tax cuts. People were concerned about schools and hospitals and bulk billing, fee-free TAFE. People were concerned about making sure, in an uncertain world, where we see a lot of change globally, that steady leadership would be required. That’s what Australians wanted to see. They weren’t interested in the Peter Dutton Liberal Party culture wars.

    Stefanovic: That’s definitely a no, then? You’re not going to be pursuing that?

    Foreign Minister: We’ve made that clear, the Australian people have made that clear, the Voice is gone.

    Stefanovic: Okay, I suppose you don’t care about the Liberal leadership, why would you? But Gina Rinehart is saying the country needs to move to the right, more Trump-like. How do you respond?

    Foreign Minister: Ms Rinehart has been very public about those views for some time but I think Australians spoke on Saturday.

    Stefanovic: Penny, always good to talk to you. Thank you so much, and best of luck with the job ahead.

    Foreign Minister: Great to speak with you. I’ll try the cocktail line.

    MIL OSI News –

    May 6, 2025
  • MIL-OSI Australia: Poisonous mushrooms growing in Victoria

    Source: FairTrading New South Wales

    Key messages

    • Poisonous mushrooms including the death cap and yellow-staining mushrooms, appear in Victoria during autumn, as the weather becomes wetter and cooler.
    • Consuming even a single death cap mushroom may result in death.
    • Cooking, peeling or drying these mushrooms does not remove or inactivate the poison.
    • There is no home test available to distinguish safe and edible mushrooms from poisonous mushrooms.
    • Mushrooms purchased from a supermarket, greengrocer or other reputable source are safe to eat.
    • Remove any mushrooms growing in home gardens as young children and pets can easily eat them.
    • If you suspect you or anyone in your care may have eaten a poisonous mushroom, do not wait for symptoms to occur. Call the Victorian Poisons Information Centre immediately on 13 11 26 (24 hours a day, 7 days a week, Australia wide) for appropriate advice.

    What is the issue?

    Death cap mushrooms

    Death cap mushrooms (Amanita phalloides) are extremely poisonous. Consuming just one mushroom can kill an adult. Symptoms usually commence 6 to 24 hours after ingestion with stomach pains, nausea, vomiting and diarrhoea. These symptoms can then settle, giving a false sense of recovery, however the toxin will have entered the body’s circulation and started causing serious harm, particularly to the liver. Typically, 2 – 4 days after ingestion those severely poisoned will develop irreversible liver failure, often associated with kidney failure, that may ultimately result in death.

    These mushrooms usually grow under oak trees and the caps are 40-160mm in diameter. The cap ranges in colour from pale yellow to green and olive brown and the ridges on the underside of the cap (gills) are white. The base of the stem has a membrane ‘cup’.

    Yellow-staining mushrooms

    The yellow-staining mushroom (Agaricus xanthodermus) is the cause of most poisonings due to ingestion of wild fungi in Victoria. Symptoms of yellow-staining mushroom poisoning include stomach pain, nausea, vomiting and diarrhoea. The severity of symptoms varies with the amount eaten.

    This mushroom looks very similar to regular purchased mushrooms or ‘cultivated mushrooms’ (Agaricus bisporus) and to edible wild mushrooms such as the field mushroom (Agaricus campestris). In urban areas the yellow-staining mushroom is unfortunately much more common than edible mushrooms. It can grow in large troops in lawns and gardens, and when damaged, the cap and stem stain yellow, later fading to a brownish colour. The mushroom can also emit a chemical-like smell.

    Who is at risk?

    Anyone who collects and consumes wild mushrooms of unknown species is putting themselves at risk of potential poisoning and serious illness. Consuming a death cap mushroom may result in death.

    Children should not touch wild mushrooms with their bare hands and animals should be kept away from them.

    Pets can develop a range of illness from eating wild mushrooms including gastroenteritis-type syndrome to severe life-threatening disease and death. Dogs are more likely than cats to ingest mushrooms.

    Recommendations

    Unless you are an expert, do not pick and eat wild mushrooms in Victoria.

    If you suspect you or anyone in your care may have eaten a poisonous mushroom, do not wait for symptoms to occur before seeking medical attention.

    Contact the Victorian Poisons Information Centre immediately on 13 11 26 (24 hours a day, 7 days a week, Australia wide) for appropriate advice. This may include seeking treatment at a hospital emergency department. Keep a sample and a photograph of the mushroom that was consumed to share with the Victorian Poisons Information Centre for expert identification of the mushroom.

    If you or anyone in your care has trouble breathing, collapsed, is having a fit or is suffering an anaphylactic reaction, immediately call 000 for an ambulance. Do not call the Victorian Poisons Information Centre in an emergency.

    Pet owners should take particular care in areas where mushrooms may grow and where possible, remove any mushrooms from your garden before pets have a chance to eat them.

    Remove any mushrooms growing in the home garden by wearing gloves, carefully placing them in a bag, and disposing of them in a closed general waste (landfill) rubbish bin.

    MIL OSI News –

    May 6, 2025
  • MIL-OSI USA: Rep. Hill Fights to Turn Vacant Federal Building into Community Space in Perry County

    Source: United States House of Representatives – Congressman French Hill (AR-02)

    WASHINGTON, D.C. — Today, Congressman French Hill (AR-02) has introduced legislation to direct the Secretary of Agriculture to convey a vacant U.S. Forest Service building and its surrounding land in Perryville, Arkansas, to Perry County.

    Rep. Hill said, “For years, this building has sat empty when the people of Perry County could have put it to good use. My bill will change that. By transferring it to the county, it will give the community the space it needs for youth programs, agricultural education, and conservation efforts that strengthen families and support our local economy. This is a smart use of public resources and a clear win for the community. I’m proud to lead this effort and look forward to seeing this legislation become law so Perry County can finally put this building to work for its people.”

    The 0.81-acre parcel, located at 1069 Fourche Avenue, includes a federal building operated by the U.S. Forest Service. The building is vacant, and the U.S. Forest Service has no plans to use it going forward. While the building will require repairs and updates, Perry County has the funds to make the necessary improvements. Once conveyed and repaired, the property will support permanent operations of the University of Arkansas Extension Program and the Perry County Conservation District, and serve as the meeting space for the 4-H Youth Development Program.

    Several local leaders and Perry County residents have voiced their support for the building to be conveyed to Perry County.

    Perry County Judge Larry Blackmon said, “The prospect of being able to use this building means a lot to the citizens of Perry County. It will let us turn a vacant space into something useful for our kids, local farmers, and conservation work without putting extra strain on the county’s budget. Having control of the building will help us serve our community for years to come, and I’m truly grateful to Congressman Hill and his team for their help in making it possible.”

    Donnie Crain, president of the Perry County Chamber of Commerce, said, “We pride ourselves in Perry County as being ‘Rural Arkansas at its best’ — and our Extension Service and the resources that they provide are a big component of our community. The transfer of this facility will not only bolster the efforts of the University of Arkansas Extension Service but also foster a stronger, more resilient Perry County.”

    Amy Branch, chair of the board of the Perry County Conservation District, said, “This transfer would provide significant benefits to our community and support several county agencies. Consolidating resources in one location will improve coordination, communication, and efficiency, ultimately enhancing the services we provide to the residents of Perry County. Having a suitable facility to house these efforts is essential to continue environmental stewardship and support for landowners, farmers, and residents.”

    Kallem Hill, president of the Perry County Farm Bureau Board of Directors, said, “This facility holds significant potential to serve as a vital resource for our community. By securing a dedicated space for their operations, we believe the Extension Service will be able to enhance its outreach and impact, thereby benefiting the entire Perry County population. Its transfer to Perry County will ensure that the building is maintained and utilized effectively, contributing to the continued growth and development of our agricultural community.”

    Jacob Farnam, board president of the Perryville School District, said, “This facility has the potential to become a vital hub for the Perry County Extension Service and 4-H Youth Development Programs, delivering significant benefits to our community — particularly its young people. This transfer would empower the Extension Service and 4-H to strengthen Perry County for years to come.”

    Rose Gunther, a local resident, said, “As a 4-H member, I witnessed firsthand the dedication of our extension staff, who often faced challenges in securing enough space to conduct vital programming. Whether it was for cooking classes, public speaking exercises, or hands-on projects like the Kids Chef Challenge, our staff frequently had to scramble to find suitable venues, stretching resources thin. Securing the U.S. Forest Service facility would offer a much-needed solution to these challenges.”

    Ettamarie Belden, a local resident, said, “I have been a 4-H leader and volunteer for over 50 years, and our county has always been short of space for 4-H activities as well as adult activities and training. It would be a blessing to be able to put this area to use.”

    MIL OSI USA News –

    May 6, 2025
  • MIL-OSI USA: In Washington, Klobuchar, Smith and Minnesota Small Business Owner Beth Benike Highlight Impact of Trump Administration Tariffs

    US Senate News:

    Source: United States Senator Amy Klobuchar (D-Minn)

    WASHINGTON — Today, U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) joined small business owners from Minnesota and across the country to speak out against the rising costs of President Trump’s trade war.

    Minnesota Small Business Person of the Year, Beth Benike, CEO and founder of Busy Baby based in Zumbrota, MN, spoke at the event about how tariffs are crushing her business. Klobuchar and Smith highlighted Benike’s story and emphasized the broader impact these tariffs are having on thousands of small business owners and farmers across Minnesota who can’t keep up with rising costs caused by President Trump’s tariffs.

    “The small business owners that are standing here with us today, they do not have a direct dial number for the White House. They do not have the President’s cell phone. They are not like a major, major CEO of a Fortune 500 company that can call and get a meeting with the White House and then get their products exempted,” said Klobuchar. “The unfairness and the destruction of the competitive marketplace for small businesses will have longer-term effects than anyone can even imagine.” 

    “For American entrepreneurs, this is not a political issue. This is about the survival of their businesses and the survival of their dreams. Beth Benike’s story shows us so clearly that President Trump’s chaotic approach to tariffs is putting small businesses like hers at risk. It’s hurting people’s capacity to make payroll, it’s hurting our economy and it’s hurting American consumers,” said Smith. 

    “I currently have three months’ worth of inventory sitting at my factory that I cannot bring to the US. I have maybe two months’ worth left in my warehouse in Minnesota, and when that’s gone, I have no more revenue. I cannot pay my employees. I cannot pay my bills. I cannot pay the loans which I have leveraged my house against, so we could lose our house. I do not have the $230,000 that were just immediately dropped in front of me to get my products into the US,” said Benike. 

    Klobuchar’s bipartisan bill with Senators Tim Kaine (D-VA) and Mark Warner (D-VA) to undo President Trump’s across-the-board tariffs on Canadian goods passed the Senate last month. Recently, Klobuchar and Smith voted for a bipartisan bill to overturn Trump’s across-the-board global tariffs. Klobuchar also co-sponsors the Trade Review Act of 2025, bipartisan legislation by Senators Maria Cantwell (D-WA) and Chuck Grassley (R-IA) to restore congressional oversight over President Trump’s tariff taxes.

    Download Klobuchar’s full remarks here.

    Download Smith’s full remarks here.

    Download Benike’s full remarks here. 

    Download photo here.

    MIL OSI USA News –

    May 6, 2025
  • MIL-OSI New Zealand: Government turns back clock on pay equity for teachers

    Source: Post Primary Teachers Association (PPTA)

    “This claim has followed a robust and agreed process between all parties,” said PPTA Te Wehengarua President Chris Abercrombie.

    “We’ve conducted more than 300 interviews with teachers and comparator roles across the sector, using a consistent, agreed-upon tool to gather data. That evidence has been through consultation with both teachers and principals. To have the Government now walk away from that work is nothing short of disgraceful.”

    The Government’s announcement comes with no attempt to engage in a fair public process. “The Minister’s decision to bypass the select committee stage shows a lack of confidence in the public’s response. This Government knows New Zealanders value fairness—and it’s clearly afraid to face the backlash.”
    Chris Abercrombie said the move sends a disturbing signal in the lead-up to teacher collective negotiations. “This Government has made a choice—a deliberate choice not to value work that is predominantly done by women. It’s a message to teachers, many of whom engaged in the claim process in good faith, that their contribution doesn’t count. It feels like we’ve been sent back to the 1950s.
    “The integrity of the pay equity process is now being undermined by political interference. Every step in this process has met legal and procedural standards, and was conducted in good faith under an agreement with previous governments.
    “This isn’t just about teachers. This is about whether Aotearoa New Zealand is committed to addressing the historical undervaluation of women’s work. This decision breaks faith with that commitment.”
    Chris Abercrombie said the implications would be felt beyond the pay equity process. “At a time of ongoing teacher shortages, this sends the worst possible message about how we treat and retain our workforce. It’s also a blow to the trust teachers have in a process that was supposed to deliver justice and fairness. Our members are rightly angry.
    “When delivering last year’s budget and its completely unaffordable tax cuts, the Finance Minister said that her coalition government represented ‘the parties of the worker.’ 

    “No Government that was for the worker would treat this pay equity process – a process which goes to the heart of treating workers fairly – with such contempt. It’s mean-spirited, unfair and just plain wrong.”

    Last modified on Tuesday, 6 May 2025 12:43

    MIL OSI New Zealand News –

    May 6, 2025
  • MIL-OSI United Kingdom: British businesses celebrated in third year of The King’s Awards for Enterprise  

    Source: United Kingdom – Executive Government & Departments

    Press release

    British businesses celebrated in third year of The King’s Awards for Enterprise  

    The recipients of The King’s Awards for Enterprise have been announced today, celebrating the achievements of leading businesses from across the UK and Channel Islands.

    • 197 recipients announced in The King’s Awards for Enterprise – the UK’s most prestigious business awards 
    • Firms from Stirling to Somerset have their excellence recognised with two businesses receiving awards in two categories  
    • These successful businesses are playing a key role in the Government’s mission to go further and faster for economic growth as part of our Plan for Change 

    The recipients of The King’s Awards for Enterprise have been announced today [6 May], celebrating the achievements of leading businesses from across the UK and Channel Islands and recognising their vital role in growing our economy to improve lives. 

    This year, 197 businesses representing a diverse range of sectors, have been recognised by His Majesty The King as among the best in the country, highlighting the ambition, ingenuity, and success of our diverse business community.  

    A total of 199 awards have been issued with two companies, Hampshire-based Sonardyne International and Norfolk-based Delta Fire, being recognised for two Awards each.  

    Overall, 116 businesses have been recognised for International Trade, 46 for Innovation, 27 for Sustainable Development and 10 for Promoting Opportunity Through Social Mobility.  

    By supporting more people into work, developing new innovations and exporting the best Britain has to offer around the world, businesses like these are playing a key role in the Government’s mission to go further and faster for economic growth, to put more money in more working people’s pockets as part of our Plan for Change. 

    Gareth Thomas, Minister for Services, Small Businesses and Exports said: 

    Congratulations to the recipients of this year’s King’s Awards for Enterprise, who all demonstrate the very best of British business talent. 

    I wish them every success as they continue to grow, innovate and prosper, and commend the invaluable contributions they have already made to communities at home and abroad, helping to boost the UK economy.  

    Out of the 197 winning businesses 176 (88%) are SMEs, and of those, 27 (14%) are micro-businesses, with 10 employees or less. 

    Smaller businesses are the beating heart of this government’s growth mission and providing them with the right support to overcome barriers and reach their full potential is an absolute priority. That is why this Government protected a million small firms from National Insurance increases and extended business rates relief in the Budget. 

    Since then, we have also launched the new Board of Trade to boost small businesses exports and announced over 200 new Banking Hub locations on top of the existing 100 already open. We have also taken action to tackle the scourge of late payments, and most recently, provided a multi-billion-pound increase in government backed financing to help organisations like the British Business Bank provide vital finance for smaller businesses. 

    We know that it will only take a 1% increase in SME productivity per year, over the next 5 years, to grow the UK economy by a whopping £94 billion.  

    Graham Brown, Managing Director of Sonardyne, said:  

    We’re absolutely delighted to have received this recognition. Receiving two King’s Awards in 2025 really celebrates Sonardyne’s ongoing performance in International Trade delivered by working sustainably. 

    It’s a testament to the hard work of everyone at Sonardyne in making, selling, and supporting great products operating across our blue planet, whilst all the time caring deeply about how we do business to protect it. I hope we can inspire and help other UK businesses to do the same. 

    Ian Gardner, Managing Director and Founder of Delta Fire, said: 

    We are absolutely thrilled to receive two King’s Awards for Enterprise for both Innovation and Sustainable Development. These two highly prestigious awards are a fantastic recognition of the great team work in Delta Fire over the last 35 years from a small workshop unit to a state-of-the-art manufacturing facility using net zero energy. 

    Innovation and Sustainability has led Delta Fire to exporting fire nozzles all around the world and being used to successfully extinguish the majority of fires in the UK every day. 

    The King’s Awards for Enterprise were previously known as The Queen’s Awards for Enterprise and were renamed two years ago to reflect His Majesty The King’s desire to continue the legacy of HM Queen Elizabeth II by recognising outstanding UK businesses. The Award programme, now in its 59th year, has awarded over 8,000 companies since its inception in 1965. 

    His Majesty’s Lord Lieutenants – The King’s representatives in each county – will be presenting the Awards to businesses locally throughout the year. One representative from each winning business will also be invited to a special Royal reception event. 

    Case-studies 

    • Sonardyne Energy, a Hampshire based firm, transforming what’s possible in offshore energy, maritime defence and ocean science markets through the engineering and manufacturing of their world-leading underwater equipment. They receive the award for International Trade and Sustainable Development.     
    • Delta Fire, a globally recognised designer, manufacturer, and supplier of specialist front-line firefighting products, committed to sustainability and carbon neutrality by 2030. Based in Norfolk, Delta Fire have been recognised in the Innovation and Sustainable Development categories.   

    Other recipients also include: 

    • Level Peaks, a business based in Hereford, and managed by ex-British Military Special Forces Veterans, which supplies innovative defence and security equipment to the UK Government and governments abroad. The company receives The King’s Award for International Trade. 
    • Mixergy, which has received the Innovation award for their intelligent hot water tank which interacts between homes and the grid to maximise efficiency and reduce energy bills. The business is based in Oxford. 

    The full list of Awardees across the four categories can be found in the London Gazette.

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    Updates to this page

    Published 6 May 2025

    MIL OSI United Kingdom –

    May 6, 2025
  • MIL-OSI Europe: Written question – Criteria for harmonised legislation in the announced ‘28th legal regime’ – E-001614/2025

    Source: European Parliament

    Question for written answer  E-001614/2025
    to the Commission
    Rule 144
    João Oliveira (The Left)

    The Draghi Report introduced the idea of a ‘28th legal regime’ for ‘innovative companies’, which aims to provide them with ‘access to harmonised legislation concerning corporate law and insolvency, as well as a few key aspects of labour law and taxation’, including in the Commission’s Competitiveness Compass. On 20 March 2025, the Council called on the Commission to present a proposal ‘in time to allow the co-legislators to take decisive steps by 2026’.

    This proposal uses ‘innovation’ as a pretext for making it easier to establish a lowest common denominator for labour protection and taxation as the new standard in all Member States.

    What is needed is the very opposite: the removal of exemption schemes and an end to the use of countries, territories and regions that have favourable tax systems – profits should instead be taxed in the countries where they are made – while workers’ rights and pay should be improved.

    In view of the above:

    • 1.What criteria will guide the harmonisation of legislation on labour protection, tax evasion and avoidance and the fight against fraud and the concentration of companies into monopolies?
    • 2.How will the Commission ensure that the proposal is not used by companies to bypass stricter national legislation?

    Submitted: 23.4.2025

    Last updated: 5 May 2025

    MIL OSI Europe News –

    May 6, 2025
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