Category: China

  • MIL-OSI Russia: Russia and Ukraine hold new round of prisoner exchange

    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

    Moscow/Kyiv, June 26 (Xinhua) — Russia and Ukraine have held a new round of prisoner of war exchanges, the Russian Defense Ministry said Thursday.

    Ukrainian President Volodymyr Zelensky also announced the exchange on his Telegram channel. “We continue the exchanges, another stage,” he wrote.

    Neither the Russian nor the Ukrainian side has released the exact number of returned soldiers.

    “On June 26 of this year, in accordance with the Russian-Ukrainian agreements reached on June 2 of this year in Istanbul, another group of Russian servicemen was returned from the territory controlled by the Kyiv regime. In exchange, a group of prisoners of war of the Ukrainian Armed Forces was transferred,” the Russian Defense Ministry reported.

    The Coordination Headquarters for the Treatment of Prisoners of War of Ukraine noted that official Kyiv was able to secure the release of a group of servicemen under 25 years of age, as well as those with serious injuries or illnesses. They included representatives of the navy, ground forces, airborne assault troops, territorial defense forces, the National Guard and the State Border Service.

    According to the Russian Ministry of Defense, Russian military personnel are currently on the territory of Belarus, where they are receiving the necessary psychological and medical assistance.

    Earlier, the press secretary of the Russian president, Dmitry Peskov, reported that the date of the third round of Russian-Ukrainian talks in Istanbul will be known only after the completion of the prisoner exchanges. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Hungarians strongly oppose Ukraine’s EU membership – results of nationwide poll

    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

    BUDAPEST, June 26 (Xinhua) — An overwhelming majority of Hungarian citizens oppose Ukraine’s accession to the European Union, according to the results of a nationwide poll announced by Hungarian Prime Minister Viktor Orban this week.

    Speaking to reporters in Brussels on Thursday ahead of the EU summit, Orban said: “More than 2 million Hungarians have expressed their opinion.”

    In the voluntary nationwide poll VOKS 2025, which began on April 15, 2,284,732 votes were cast across the country. Of the 2,278,015 respondents whose ballots were considered valid, 2,168,431 (around 95 percent) voted against Ukraine’s EU membership, while just over 109,000 voted in favor. The initiative, launched by the Hungarian government, was aimed at assessing public opinion before a final decision was made in Brussels.

    Speaking to the media, Orban noted that this result gives him a strong mandate on the Ukrainian issue at the summit. He stressed that Hungary cannot be bypassed in the EU enlargement process, as unanimous approval is required at many stages of the accession negotiations.

    “Nothing can happen today that would have legal consequences for Ukraine’s membership,” he said.

    V. Orban also recalled Hungary’s long-standing position that the martial law in Ukraine poses a danger to the EU. Hungary does not want to share a political community with a country in a state of war, the Prime Minister emphasized.

    He said that while other member states could issue a joint statement in support of Ukraine, the EU would not have a common position without Hungary’s consent. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Interregional cooperation between China and Russia is a serious growth point for bilateral cooperation — Russian Foreign Ministry

    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

    Moscow, June 26 (Xinhua) — Interregional cooperation between China and Russia reflects the depth of bilateral partnership and is a serious growth point for practical cooperation, Russian Foreign Ministry spokesperson Maria Zakharova said at a briefing on Thursday, answering a question from a Xinhua correspondent.

    “Interregional ties are the embodiment of the strategic depth of Russian-Chinese partnership. This is a serious point of growth of bilateral practical cooperation,” she said.

    As M. Zakharova noted, recently there has been an “explosive” growth in exchanges between Russian regions and Chinese provinces in all areas, including trade, economics, culture and education. The diplomat cited data according to which over the past year alone, more than 40 heads of Russian regions and their deputies visited China to establish foreign economic relations and present the potential of their regions, and about fifty delegations at the level of regional ministers took part in international forums, exhibitions and fairs in China.

    “Today, two-thirds of our country’s regions are linked by cooperation agreements with Chinese provinces. Almost 400 partnership pairs have been formed at the level of subjects and municipalities,” M. Zakharova said, emphasizing that the geography of bilateral cooperation is regularly replenished with new regions and cities.

    The official representative noted that, for obvious reasons, the closest relations with Chinese partners are being built in the regions of the Russian Far East that border China. “The intergovernmental Russian-Chinese commission on cooperation and development of the Russian Far East and the Northeast of China gives a significant impetus to such cooperation,” she said.

    According to M. Zakharova, the unique format of interregional cooperation between the regions of the Volga Federal District of Russia and the provinces of the upper and middle reaches of the Yangtze River of China – “Volga-Yangtze” – is also functioning effectively.

    The diplomat called the festival-fair of Russian goods “Made in Russia” held in China an effective and popular way to promote Russian regional brands.

    According to M. Zakharova, the largest bilateral congress and exhibition event, the Russian-Chinese EXPO, has become a convenient platform for expanding practical cooperation between Russian regions and Chinese provinces. This year it will be held for the ninth time, from July 7 to 10 in Yekaterinburg. The central event of the exhibition will be the 5th Russian-Chinese Forum on Interregional Cooperation.

    “We are convinced that the potential of Russian-Chinese interregional cooperation is far from exhausted. And in the new international realities, very broad and very interesting opportunities are opening up for our countries,” concluded the official representative of the Russian Foreign Ministry. –0–

    MIL OSI Russia News

  • MIL-OSI USA: McConnell Opening Statement at SAC-D Hearing on FY 26 Budget Request for the Air Force and Space Force

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell
    Washington, D.C. – U.S. Senator Mitch McConnell (R-KY), Chairman of the Senate Appropriations Subcommittee on Defense, convened today’s hearing “A Review of the President’s Fiscal Year 2026 Budget Request for the Air Force and Space Force”. Prepared text of his opening statement follows: 
    “I’ll begin by welcoming Secretary of the Air Force Troy Meink, Chief of Staff of the Air Force, General David Allvin, and Chief of Space Operations, General Chance Saltzman. Thanks to each of you for your decades of service to our nation, and our thanks as well to the airmen and guardians you lead. 
    “This weekend’s successful operations over Iran served as a reminder of the immense skill and professionalism of America’s men and women in uniform: Pilots operating coolly in enemy airspace…Dozens of aircraft and thousands of personnel helping to get them safely over their targets…Massively powerful ordnance delivered with the utmost precision…And all flights returning home safely.
    “The way I see it, there are two key takeaways, here: The first one is the value of allies and partners. Israel’s magnificent military and intelligence operations created the strategic opportunity. In degrading Iran’s air defenses, the Israelis demonstrated how highly competent allies act as force multipliers in the face of common threats. We ought to keep this in mind when we look at Europe and the Indo-Pacific, too. Allies and partners are going to be essential to any big fight, and we should not underestimate their value.
    “Of course, at the end of the day, nobody in the world but the U.S. Air Force can do what you did this weekend. America’s ability to project power globally is unparalleled. And that brings me to the second takeaway: military primacy doesn’t happen overnight. The most sophisticated military in world history is the product of trillions of dollars over decades.
    “Sustaining this military force isn’t cheap. Modernizing it to preserve our military edge is even more expensive. But if we value the lives of our servicemembers…The unprecedented peace we have experienced since World War II…And the fruits of the American-led international order…Then it’s worth every penny and then some.
    “America’s most determined adversaries have studied the capabilities and tactics of our military closely, and have developed advanced radars, sensors, and long-range air defenses to counter precisely the strength we showed last weekend
    “The PRC has been playing a long game to challenge American primacy. By contrast, in crucial ways, we’ve been taking our edge for granted. Chronic underfunding of the national defense has become a habit of consecutive administrations. Unfortunately, the budget we’re here to discuss today is no exception. In fact, the President’s request for FY26 falls well short of meeting the requirements imposed by today’s threat landscape. We simply will not keep pace with the pacing threat of China if we’re not willing to keep pace with inflation.
    “The Air Force needs to modernize its bomber and fighter fleets. It needs new tankers and command and control aircraft. It also needs longer-range and more sophisticated munitions.  And it needs a lot of them.
    “The Space Force needs advanced satellite technologies, resilient communications systems, and enhanced surveillance capabilities, to deter aggression, ensure freedom of maneuver, and maintain uninterrupted space-based support to joint and allied forces back on planet earth. And you can’t do any of it with anemic base budgets. You just can’t.
    “Preserving our military edge and the peace will require sustained and significant increases in defense spending. Not just a one-time infusion. But it’s not just the size of the FY26 request many of us are concerned about. It’s also the structure. The Administration has asked Congress to split the funds for massive procurement efforts like B-21 and Sentinel between the base budget and a one-time reconciliation bill.
    “I struggle to understand how putting programs with broad bipartisan support in a simple-majority reconciliation bill won’t function like a shell game for avoiding making the sort of annual, base-budget investments we begged the last Administration to make. 
    “The need for stable production of aircraft seems to argue for year-on-year funding baked into a base budget. The constrained topline, of course, is forcing services to make artificially tough choices. In your case, let me just say this: We all want to go to space. But let’s be honest about the risks and trade-offs this request is forcing you to make. If the choice you’re facing is between an available, advanced airborne system with onboard battle management and a nascent space capability, you’re going to have to resist the urge to turn proven capabilities like the E-7 into billpayers.
    “There’s value in redundancy. We should be making investments in both airborne and space-based command and control. They say that in space, no one can hear you scream. But squandering our advantage in this critical domain because we can’t find the political will to maintain it? That would mean plenty of screaming here on Earth, with devastating consequences for U.S. military operations on land, air, and sea.
    “I hope we’ll also hear from you about how the Air Force is addressing munitions shortfalls – not just in the massive ordnance penetrators deployed this weekend to great effect, but across the entire spectrum of both offensive and defensive capabilities on which Air Force operations are built. I’ve been hoping to hear from each service how production challenges are being addressed, and the Air Force will be no exception.
    “Speaking of the MOP, I need to address the manufactured controversy over the extent to which the strikes damaged Iran’s nuclear program. We haven’t been briefed on the intelligence, but the political hand-wringing misses an important point: We’ve demonstrated our military superiority. If we want, we can own the skies over Iran. If the Iranians don’t abandon their nuclear program, we can keep bombing them. And Iran’s remaining leaders should take the off-ramp the President has offered them.     
    “Finally, I’ll ask you to explain for us the lessons you’re taking from conflicts in Ukraine and the Middle East. How is the rapid evolution of unmanned systems informing the decisions you make about drone operations, force protection, and interception? And what information are you getting today that you’d lose if America neglected its relationships with force-multiplying allies and partners?
    “I’ll look forward to your testimony on each of these fronts.”

    MIL OSI USA News

  • MIL-OSI Global: Natural hazards don’t disappear when the storm ends or the earthquake stops – they evolve

    Source: The Conversation – USA – By Brian J. Yanites, Associate Professor of Earth and Atmospheric Science. Professor of Surficial and Sedimentary Geology, Indiana University

    The Carter Lodge hangs precariously over the flood-scoured bank of the Broad River in Chimney Rock Village, N.C., on May 13, 2025, eight months after Hurricane Helene. AP Photo/Allen G. Breed

    Hurricane Helene lasted only a few days in September 2024, but it altered the landscape of the Southeastern U.S. in profound ways that will affect the hazards local residents face far into the future.

    Mudslides buried roads and reshaped river channels. Uprooted trees left soil on hillslopes exposed to the elements. Sediment that washed into rivers changed how water flows through the landscape, leaving some areas more prone to flooding and erosion.

    Helene was a powerful reminder that natural hazards don’t disappear when the skies clear – they evolve.

    These transformations are part of what scientists call cascading hazards. They occur when one natural event alters the landscape in ways that lead to future hazards. A landslide triggered by a storm might clog a river, leading to downstream flooding months or years later. A wildfire can alter the soil and vegetation, setting the stage for debris flows with the next rainstorm.

    Satellite images before (top) and after Hurricane Helene (bottom) show how the storm altered landscape near Pensacola, N.C., in the Blue Ridge Mountains.
    Google Earth, CC BY

    I study these disasters as a geomorphologist. In a new paper in the journal Science, I and a team of scientists from 18 universities and the U.S. Geological Survey explain why hazard models – used to help communities prepare for disasters – can’t just rely on the past. Instead, they need to be nimble enough to forecast how hazards evolve in real time.

    The science behind cascading hazards

    Cascading hazards aren’t random. They emerge from physical processes that operate continuously across the landscape – sediment movement, weathering, erosion. Together, the atmosphere, biosphere and the earth are constantly reshaping the conditions that cause natural disasters.

    For instance, earthquakes fracture rock and shake loose soil. Even if landslides don’t occur during the quake itself, the ground may be weakened, leaving it primed for failure during later rainstorms.

    That’s exactly what happened after the 2008 earthquake in Sichuan Province, China, which led to a surge in debris flows long after the initial seismic event.

    A strong aftershock after a 7.8 magnitude earthquake in Sichuan province, China, in May 2008 triggered more landslides in central China.
    AP Photo/Andy Wong

    Earth’s surface retains a “memory” of these events. Sediment disturbed in an earthquake, wildfire or severe storm will move downslope over years or even decades, reshaping the landscape as it goes.

    The 1950 Assam earthquake in India is a striking example: It triggered thousands of landslides. The sediment from these landslides gradually moved through the river system, eventually causing flooding and changing river channels in Bangladesh some 20 years later.

    An intensifying threat in a changing world

    These risks present challenges for everything from emergency planning to home insurance. After repeated wildfire-mudslide combinations in California, some insurers pulled out of the state entirely, citing mounting risks and rising costs among the reasons.

    Cascading hazards are not new, but their impact is intensifying.

    Climate change is increasing the frequency and severity of wildfires, storms and extreme rainfall. At the same time, urban development continues to expand into steep, hazard-prone terrain, exposing more people and infrastructure to evolving risks.

    The rising risk of interconnected climate disasters like these is overwhelming systems built for isolated events.

    Yet climate change is only part of the equation. Earth processes – such as earthquakes and volcanic eruptions – also trigger cascading hazards, often with long-lasting effects.

    Mount St. Helens is a powerful example: More than four decades after its eruption in 1980, the U.S. Army Corps of Engineers continues to manage ash and sediment from the eruption to keep it from filling river channels in ways that could increase the flood risk in downstream communities.

    Rethinking risk and building resilience

    Traditionally, insurance companies and disaster managers have estimated hazard risk by looking at past events.

    But when the landscape has changed, the past may no longer be a reliable guide to the future. To address this, computer models based on the physics of how these events work are needed to help forecast hazard evolution in real time, much like weather models update with new atmospheric data.

    A March 2024 landslide in the Oregon Coast Range wiped out trees in its path.
    Brian Yanites, June 2025
    A drone image of the same March 2024 landslide in the Oregon Coast Range shows where it temporarily dammed the river below.
    Brian Yanites, June 2025

    Thanks to advances in Earth observation technology, such as satellite imagery, drone and lidar, which is similar to radar but uses light, scientists can now track how hillslopes, rivers and vegetation change after disasters. These observations can feed into geomorphic models that simulate how loosened sediment moves and where hazards are likely to emerge next.

    Researchers are already coupling weather forecasts with post-wildfire debris flow models. Other models simulate how sediment pulses travel through river networks.

    Cascading hazards reveal that Earth’s surface is not a passive backdrop, but an active, evolving system. Each event reshapes the stage for the next.

    Understanding these connections is critical for building resilience so communities can withstand future storms, earthquakes and the problems created by debris flows. Better forecasts can inform building codes, guide infrastructure design and improve how risk is priced and managed. They can help communities anticipate long-term threats and adapt before the next disaster strikes.

    Most importantly, they challenge everyone to think beyond the immediate aftermath of a disaster – and to recognize the slow, quiet transformations that build toward the next.

    Brian J. Yanites receives funding from the National Science Foundation.

    ref. Natural hazards don’t disappear when the storm ends or the earthquake stops – they evolve – https://theconversation.com/natural-hazards-dont-disappear-when-the-storm-ends-or-the-earthquake-stops-they-evolve-259502

    MIL OSI – Global Reports

  • MIL-OSI Analysis: Why flattering Donald Trump could be dangerous

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.


    Once again Donald Trump and his senior team are unhappy with their press coverage. Here’s the US president, fresh from his triumph in The Hague, having persuaded Nato’s leaders to open their wallets and agree to up their defence spending to 5% of GDP (apart from Spain, that is, which can expect to hear of triple-digit tariffs coming its way in the near future) – and do the media focus on Trump’s tour de force? Do they hell. Instead they focus on whether his strikes against Iran had been as successful as he claimed.

    As you can imagine, this would have been irksome in the extreme for the president, who might reasonably have expected that the story of the day would be his victory in getting pledges from virtually all Nato’s members to pull their weight in terms of their own defence. Certainly the Nato secretary-general, Mark Rutte, could appreciate the scale of his achievement. Even before the summit, Rutte was talking it up.

    “Donald, you have driven us to a really, really important moment for America and Europe, and the world,” he wrote in a message to Trump as the US president prepared to fly to The Netherlands. “You will achieve something NO American president in decades could get done.”

    The fact that Trump promptly posted this message to his TruthSocial website suggests how important praise is to the the US president. It’s something that many world leaders (including Benjamin Netanyahu and Vladimir Putin who have become past-masters at pouring honey in the president’s ear) have recognised and are willing to use as a diplomatic tool when dealing with the man Rutte calls “Daddy”.


    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.


    But while flattery as a tactic seems to be effective with the US president, Andrew Gawthorpe, a political historian from Leiden University, cautions that flattery, appeasement and compliance are a flawed approach when dealing with a man like Trump. For a start, he writes it means that not much actually gets done and that problems are often merely avoided rather than solved.

    But more worryingly, simply capitulating in the face of Trumpian pressure or ire risks giving this US president the idea that he can do anything he wants. “When his targets roll over, it sends a message to others that Trump is unstoppable and resistance is futile,” writes Gawthorpe. It encourages not just the next presidential abuse of power, but also the next surrender from its victims.




    Read more:
    Why bending over backwards to agree with Donald Trump is a perilous strategy


    We got a taste of what the US president’s anger at being defied sounds like as he prepared to fly to The Netherlands for the Nato summit. Asked about the ceasefire he had negotiated between Israel and Iran, he lashed out at both countries who had breached the peace within hours of agreeing to stop firing missiles at each other. “We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing,” he told reporters as he walked to the presidential helicopter.

    Psychologist Geoff Beattie, of Edge Hill University, believes this was no accidental verbal slip. Trump wanted to let the world know how angry he was and chose to use the “f-bomb” as a way of showing it. Beattie looks at what this can tell us about the character of the US president – and how it might reflect a tendency to make rapid decisions based on emotional reactions.




    Read more:
    Trump’s f-bomb: a psychologist explains why the president makes fast and furious statements


    And so to Nato

    What was remarkable about the Nato summit was that it was condensed to one fairly short session which focused solely on the issue of Nato members’ defence budgets. Usually there’s a much broader agenda. Over the past couple of years the issue of Ukraine has been fairly high on the list, but this time – perhaps to avoid any potential divisions – it was relegated to a side issue.

    Perhaps the biggest success for Nato, writes Stefan Wolff, is that they managed to get Trump to the summit and keep him in the room. After all, less than a fortnight previously he walked out of the G7 leaders’ meeting in Canada a day early before authorising the bombing raids on Iran’s nuclear installations (of which more later).

    Wolff, an expert in international security from the University of Birmingham (and a regular contributor to this newsletter) believes that the non-US members realised they had little choice but to comply – or at least to be seen to be complying. There’s a significant capability deficit: “European states also lack most of the so-called critical enablers, the military hardware and technology required to prevail in a potential war with Russia.”

    So keeping the US president onside – and inside Nato with a remaining commitment to America’s article 5 mutual defence pledge – was top of the list this year and something they appear to have pulled off.




    Read more:
    At June’s Nato summit, just keeping Donald Trump in the room will be seen as a victory


    The fact is, writes Andrew Corbett, a defence expert at King’s College London, that Europe and the US have different enemies these days. Europe is still focused on the foe it faced across the Iron Curtain after 1945, against which Nato was designed as a defensive bulwark.

    The US is now far more focused on the threat from China. This means it will increasingly shift the bulk of its naval assets to the Pacific (although the Middle East seems to be delaying this shift at present). This inevitably means downgrading its presence in Europe, something of which European leaders are all-too aware.

    The importance of continuing US involvement in European defence via Nato was underlined, as Corbett highlights, by a frisson of unease when it appeared that the US president might be preparing to reinterpret article 5, which requires that members come to the aid of another member if they are attacked.

    So there was relief all round when the US president reaffirmed America’s commitment to the principle of collective defence. But one feels Rutte will need to use all his diplomatic wiles to keep things that way.




    Read more:
    How Nato summit shows Europe and US no longer have a common enemy


    The trouble with Iran

    Rutte, who has the nickname “Trump whisperer”, is clever enough to know that emollient words will have been just what the US president was looking for given the stress of the past couple of weeks. The decision to launch strikes against Iran was controversial even within his own base as we noted last week.

    But by directly engaging in hostility against Iran, Trump risked embroiling the US in the “forever war” that he always promised his supporters he would avoid. The move was freighted with risk. Nobody knew how Iran might retaliate or how the situation could escalate. There was (and remains) the chance that an angry Iran could try to shut down the Strait of Hormuz. This is one of the world’s most important waterways though which 20% of the world’s oil transits. This would have huge ramifications for the global economy, seriously damaging Iran’s Gulf neighbours and angering China, which gets much of its oil from the region.




    Read more:
    Iran is considering closing the strait of Hormuz – why this would be a major escalation


    For now it appears that Iran has contented itself with performative strikes against US bases in Iraq and Qatar, having given advance warning. This token retaliation was made shortly before the ceasefire was negotiated. Despite a defiant message from Iran’s supreme leader, Ayatollah Ali Khamenei, Iran is reported to be making noises about coming to the negotiating table. A deal to restore calm to the region would be an achievement indeed.

    But legal questions remain about the US decision to launch strikes. For a start, Article 2(4) of the UN charter strictly forbids the use of force against the territorial integrity or political independence of another state, or “in any other manner inconsistent with the purposes of the United Nations”.

    But, as Caleb Wheeler, an expert in international law from the University of Cardiff writes, it’s a rule that has rarely been either observed or enforced. He points out that the Korean War, when following a resolution of the UN security council, a number of countries went to war with North Korea to defend its southern neighbour which had been attacked in violation of article 2(4), was the high watermark of compliance with the UN on conflict.

    In most other international conflicts since, the use of vetoes by one or another of the permanent members of the security council has effectively prevented the UN acting the way it was supposed to.

    Now, writes Wheeler, there can be little doubt the US has violated article 2(4) by bombing Iran, particularly as Trump expressed his opinion that a regime change might be appropriate. Given that the US is one of the leading lights of the UN, Wheeler thinks you could reasonably expect a degree of condemnation from other world leaders. He worries that the absence of criticism could seriously lower the bar for aggression in the future.




    Read more:
    Bombing Iran: has the UN charter failed?


    And if, as remains unclear at present, Iran’s nuclear programme was not set back by years, as the US claims, but merely by months, then you could expect Tehran to redouble its efforts to acquire a bomb. The Islamic Republic will be mindful of the fact that there has been little talk of bombing North Korea in recent years, for example. Possession of a nuclear deterrent means exactly what it says.

    So, conclude David Dunn and Nicholas Wheeler, these strikes which were conducted on what they feel was the false premise of defence against an “imminent” threat from a nuclear Iran, could actually have the opposite effect of encouraging Iran to rapidly develop its own bomb.




    Read more:
    US attack on Iran lacks legal justification and could lead to more nuclear proliferation


    Elon Musk’s geopolitical eye in the sky

    After Israel began its latest campaign of airstrikes against Iran earlier this month, the government moved to restrict internet access around the country to discourage criticism of the regime and make it difficult for protesters to organise. But in June 14 in response to a plea over social media, Elon Musk announced, appropriately on X, that he would open up access to his Starlink satellite system.

    Joscha Abels, a political scientist at the University of Tübingen, recalls that Starlink became very popular in Iran during the protests that followed the killing of Mahsa Amini in 2022, and which really rocked the regime to its core. He also points to the use of Starlink by Ukraine as a vital communications tool in its defence against Russia over the past three years.

    But Abels warns that what is given is also too easily switched off, as Musk did in Ukraine in 2023. At the time a senior Starlink executive warned that the tool was “never intended to be weaponized”. The concern is that such an important tool, which can make or break a regime or cripple a country’s defence, could be a risk in the hands of a private individual.




    Read more:
    In the sky over Iran, Elon Musk and Starlink step into geopolitics – not for the first time


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    ref. Why flattering Donald Trump could be dangerous – https://theconversation.com/why-flattering-donald-trump-could-be-dangerous-259940

    MIL OSI Analysis

  • MIL-OSI Analysis: Why flattering Donald Trump could be dangerous

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.


    Once again Donald Trump and his senior team are unhappy with their press coverage. Here’s the US president, fresh from his triumph in The Hague, having persuaded Nato’s leaders to open their wallets and agree to up their defence spending to 5% of GDP (apart from Spain, that is, which can expect to hear of triple-digit tariffs coming its way in the near future) – and do the media focus on Trump’s tour de force? Do they hell. Instead they focus on whether his strikes against Iran had been as successful as he claimed.

    As you can imagine, this would have been irksome in the extreme for the president, who might reasonably have expected that the story of the day would be his victory in getting pledges from virtually all Nato’s members to pull their weight in terms of their own defence. Certainly the Nato secretary-general, Mark Rutte, could appreciate the scale of his achievement. Even before the summit, Rutte was talking it up.

    “Donald, you have driven us to a really, really important moment for America and Europe, and the world,” he wrote in a message to Trump as the US president prepared to fly to The Netherlands. “You will achieve something NO American president in decades could get done.”

    The fact that Trump promptly posted this message to his TruthSocial website suggests how important praise is to the the US president. It’s something that many world leaders (including Benjamin Netanyahu and Vladimir Putin who have become past-masters at pouring honey in the president’s ear) have recognised and are willing to use as a diplomatic tool when dealing with the man Rutte calls “Daddy”.


    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.


    But while flattery as a tactic seems to be effective with the US president, Andrew Gawthorpe, a political historian from Leiden University, cautions that flattery, appeasement and compliance are a flawed approach when dealing with a man like Trump. For a start, he writes it means that not much actually gets done and that problems are often merely avoided rather than solved.

    But more worryingly, simply capitulating in the face of Trumpian pressure or ire risks giving this US president the idea that he can do anything he wants. “When his targets roll over, it sends a message to others that Trump is unstoppable and resistance is futile,” writes Gawthorpe. It encourages not just the next presidential abuse of power, but also the next surrender from its victims.




    Read more:
    Why bending over backwards to agree with Donald Trump is a perilous strategy


    We got a taste of what the US president’s anger at being defied sounds like as he prepared to fly to The Netherlands for the Nato summit. Asked about the ceasefire he had negotiated between Israel and Iran, he lashed out at both countries who had breached the peace within hours of agreeing to stop firing missiles at each other. “We basically have two countries that have been fighting so long and so hard that they don’t know what the fuck they’re doing,” he told reporters as he walked to the presidential helicopter.

    Psychologist Geoff Beattie, of Edge Hill University, believes this was no accidental verbal slip. Trump wanted to let the world know how angry he was and chose to use the “f-bomb” as a way of showing it. Beattie looks at what this can tell us about the character of the US president – and how it might reflect a tendency to make rapid decisions based on emotional reactions.




    Read more:
    Trump’s f-bomb: a psychologist explains why the president makes fast and furious statements


    And so to Nato

    What was remarkable about the Nato summit was that it was condensed to one fairly short session which focused solely on the issue of Nato members’ defence budgets. Usually there’s a much broader agenda. Over the past couple of years the issue of Ukraine has been fairly high on the list, but this time – perhaps to avoid any potential divisions – it was relegated to a side issue.

    Perhaps the biggest success for Nato, writes Stefan Wolff, is that they managed to get Trump to the summit and keep him in the room. After all, less than a fortnight previously he walked out of the G7 leaders’ meeting in Canada a day early before authorising the bombing raids on Iran’s nuclear installations (of which more later).

    Wolff, an expert in international security from the University of Birmingham (and a regular contributor to this newsletter) believes that the non-US members realised they had little choice but to comply – or at least to be seen to be complying. There’s a significant capability deficit: “European states also lack most of the so-called critical enablers, the military hardware and technology required to prevail in a potential war with Russia.”

    So keeping the US president onside – and inside Nato with a remaining commitment to America’s article 5 mutual defence pledge – was top of the list this year and something they appear to have pulled off.




    Read more:
    At June’s Nato summit, just keeping Donald Trump in the room will be seen as a victory


    The fact is, writes Andrew Corbett, a defence expert at King’s College London, that Europe and the US have different enemies these days. Europe is still focused on the foe it faced across the Iron Curtain after 1945, against which Nato was designed as a defensive bulwark.

    The US is now far more focused on the threat from China. This means it will increasingly shift the bulk of its naval assets to the Pacific (although the Middle East seems to be delaying this shift at present). This inevitably means downgrading its presence in Europe, something of which European leaders are all-too aware.

    The importance of continuing US involvement in European defence via Nato was underlined, as Corbett highlights, by a frisson of unease when it appeared that the US president might be preparing to reinterpret article 5, which requires that members come to the aid of another member if they are attacked.

    So there was relief all round when the US president reaffirmed America’s commitment to the principle of collective defence. But one feels Rutte will need to use all his diplomatic wiles to keep things that way.




    Read more:
    How Nato summit shows Europe and US no longer have a common enemy


    The trouble with Iran

    Rutte, who has the nickname “Trump whisperer”, is clever enough to know that emollient words will have been just what the US president was looking for given the stress of the past couple of weeks. The decision to launch strikes against Iran was controversial even within his own base as we noted last week.

    But by directly engaging in hostility against Iran, Trump risked embroiling the US in the “forever war” that he always promised his supporters he would avoid. The move was freighted with risk. Nobody knew how Iran might retaliate or how the situation could escalate. There was (and remains) the chance that an angry Iran could try to shut down the Strait of Hormuz. This is one of the world’s most important waterways though which 20% of the world’s oil transits. This would have huge ramifications for the global economy, seriously damaging Iran’s Gulf neighbours and angering China, which gets much of its oil from the region.




    Read more:
    Iran is considering closing the strait of Hormuz – why this would be a major escalation


    For now it appears that Iran has contented itself with performative strikes against US bases in Iraq and Qatar, having given advance warning. This token retaliation was made shortly before the ceasefire was negotiated. Despite a defiant message from Iran’s supreme leader, Ayatollah Ali Khamenei, Iran is reported to be making noises about coming to the negotiating table. A deal to restore calm to the region would be an achievement indeed.

    But legal questions remain about the US decision to launch strikes. For a start, Article 2(4) of the UN charter strictly forbids the use of force against the territorial integrity or political independence of another state, or “in any other manner inconsistent with the purposes of the United Nations”.

    But, as Caleb Wheeler, an expert in international law from the University of Cardiff writes, it’s a rule that has rarely been either observed or enforced. He points out that the Korean War, when following a resolution of the UN security council, a number of countries went to war with North Korea to defend its southern neighbour which had been attacked in violation of article 2(4), was the high watermark of compliance with the UN on conflict.

    In most other international conflicts since, the use of vetoes by one or another of the permanent members of the security council has effectively prevented the UN acting the way it was supposed to.

    Now, writes Wheeler, there can be little doubt the US has violated article 2(4) by bombing Iran, particularly as Trump expressed his opinion that a regime change might be appropriate. Given that the US is one of the leading lights of the UN, Wheeler thinks you could reasonably expect a degree of condemnation from other world leaders. He worries that the absence of criticism could seriously lower the bar for aggression in the future.




    Read more:
    Bombing Iran: has the UN charter failed?


    And if, as remains unclear at present, Iran’s nuclear programme was not set back by years, as the US claims, but merely by months, then you could expect Tehran to redouble its efforts to acquire a bomb. The Islamic Republic will be mindful of the fact that there has been little talk of bombing North Korea in recent years, for example. Possession of a nuclear deterrent means exactly what it says.

    So, conclude David Dunn and Nicholas Wheeler, these strikes which were conducted on what they feel was the false premise of defence against an “imminent” threat from a nuclear Iran, could actually have the opposite effect of encouraging Iran to rapidly develop its own bomb.




    Read more:
    US attack on Iran lacks legal justification and could lead to more nuclear proliferation


    Elon Musk’s geopolitical eye in the sky

    After Israel began its latest campaign of airstrikes against Iran earlier this month, the government moved to restrict internet access around the country to discourage criticism of the regime and make it difficult for protesters to organise. But in June 14 in response to a plea over social media, Elon Musk announced, appropriately on X, that he would open up access to his Starlink satellite system.

    Joscha Abels, a political scientist at the University of Tübingen, recalls that Starlink became very popular in Iran during the protests that followed the killing of Mahsa Amini in 2022, and which really rocked the regime to its core. He also points to the use of Starlink by Ukraine as a vital communications tool in its defence against Russia over the past three years.

    But Abels warns that what is given is also too easily switched off, as Musk did in Ukraine in 2023. At the time a senior Starlink executive warned that the tool was “never intended to be weaponized”. The concern is that such an important tool, which can make or break a regime or cripple a country’s defence, could be a risk in the hands of a private individual.




    Read more:
    In the sky over Iran, Elon Musk and Starlink step into geopolitics – not for the first time


    World Affairs Briefing from The Conversation UK is available as a weekly email newsletter. Click here to get updates directly in your inbox.


    ref. Why flattering Donald Trump could be dangerous – https://theconversation.com/why-flattering-donald-trump-could-be-dangerous-259940

    MIL OSI Analysis

  • MIL-OSI Russia: The General Assembly of the World Federation of International Music Competitions was held in China for the first time

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    HARBIN, June 26 (Xinhua) — The 69th General Assembly of the World Federation of International Music Competitions (WFIMC) opened Thursday in Harbin, capital of northeast China’s Heilongjiang Province, bringing together representatives of the world’s leading music competitions to promote in-depth international cooperation in the music field.

    For the first time since its inception, the federation is holding its annual general assembly in a Chinese city.

    WFIMC President Peter Paul Kainrath noted that Harbin is known for its openness to the world and serves as a window into China’s musical life.

    He said the federation sees itself as a bridge builder and hopes that the current assembly will provide inspiration and impetus to WFIMC’s future collaborations with cultural institutions across China.

    Harbin Deputy Mayor Wang Bo pointed out that Harbin hosted China’s first symphony concert, the country’s first music school and symphony orchestra, and is known as the cradle of modern Chinese music.

    Wang Bo recalled that the Alice and Eleanor Shenfeld International String Competition, which was the first Chinese competition to join the federation, has been successfully held four times and has become an influential international music event.

    The vice mayor added that Harbin hopes to establish a closer cooperation mechanism with WFIMC to promote the prosperity and development of global music culture.

    Xue Suli, Chairman of the Sisters Shenfeld International Music Society and the Alice and Eleanor Shenfeld International String Competition, stated that the A. and E. Shenfeld Competition has become an important bridge connecting Eastern and Western musical cultures since 2014.

    Xue Suli expressed the hope that WFIMC will take advantage of this assembly to strengthen cooperation between all parties and promote exchanges and integration in the world music culture.

    According to federation officials, this year’s assembly will examine how music can contribute to building mechanisms for cross-border dialogue, expand its target audience and achieve innovative development in line with the trends of technological change in the current complex geopolitical situation and accelerated digital transformation.

    Founded in 1957, WFIMC is a global network of more than 120 international music competitions and 20 prestigious music associations and organizations representing 111 cities in 39 countries. The Federation assists young musicians in their international careers. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: About 20 people died as a result of a stampede at a school in the capital of the Central African Republic

    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

    BANGUIE, June 26 (Xinhua) — A stampede at a high school in the Central African Republic’s capital Bangui on Wednesday left about 20 people dead and many others injured, the CAR National Assembly (parliament) said in a statement Thursday.

    It is reported that on Wednesday, a power transformer exploded at the Barthélemy Boganda Secondary School in Bangui. At the time of the incident, about 5,300 schoolchildren were taking an exam. Panic broke out at the scene, which led to a mass stampede during the evacuation. The dead and wounded were taken to several medical facilities in the capital. The final death toll cannot yet be determined.

    At least 29 students were killed in the incident, local media reported. –0–

    MIL OSI Russia News

  • MIL-OSI: Aetherium Acquisition Corp. Announces Additional Change of Special Meeting Date

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., June 26, 2025 (GLOBE NEWSWIRE) — Aetherium Acquisition (the “SPAC” or the “Company”), a publicly-traded special purpose acquisition company, today announced that its Special Meeting (“Meeting”), previously scheduled at 8:30 a.m. Eastern Time on June 27, 2025, has been postponed to 8:30 a.m. Eastern Time on July 7, 2025, and the redemption right deadline has been postponed to 5:00 p.m. Eastern Time on July 2, 2025.

    The record date for the Meeting remains May 9, 2025. No changes have been made to the proposals to be voted on by shareholders at the Meeting. Shareholders of the Company who have previously submitted their proxy and who do not want to change their vote do not need to take any action.

    On May 23, 2025, the Company filed a definitive proxy statement with the Securities and Exchange Commission (the “SEC”), on June 3, 2025 the Company filed a revised definitive proxy statement with the SEC and on June 13, 2025 and the Company issued a press release postponing the Meeting from 8:30 a.m. Eastern Time on June 13, 2025 to 8:30 a.m. Eastern Time on June 27, 2025, each in connection with its solicitation of proxies for the Meeting. Before making any voting decision, investors and shareholders of the company are urged to read the definitive proxy statement (including any amendments or supplements thereto) and other documents the company files with the sec carefully in their entirety when they become available as they will contain important information. Investors and shareholders will be able to obtain free copies of the definitive proxy statement (including any amendments or supplements thereto) and other documents filed or that will be filed with the SEC through the web site maintained by the SEC at www.sec.gov.

    About Aetherium Acquisition Corp.

    Aetherium Acquisition Corp. is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Efforts to identify a prospective target business will not be limited to a particular business, industry sector, or geographical region. However, it intends to focus on companies in Asia (excluding China).

    Forward-looking Statements

    This press release contains statements that may constitute “forward-looking statements,” including with respect to Aetherium’s pursuit of an alternative business combination. No assurance can be given that Aetherium will successfully seek and consummate such an alternative business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Aetherium, including those set forth in the Risk Factors section of Aetherium’s public filings with the Securities and Exchange Commission. Copies are available on the SEC’s website, www.sec.gov. Aetherium undertakes no obligation to update these statements for revisions or changes after the date of this release except as required by law.

    Participants in the Solicitation

    The Company and its directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from the shareholders of the Company in connection with the Meeting. Investors and shareholders may obtain more detailed information regarding the names, affiliations and interests of the Company’s directors and officers in the Proxy Statement, which may be obtained free of charge from the sources indicated above.

    No Offer or Solicitation

    This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Meeting proposals. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

    Contact:

    For investors:

    Crocker Coulson, CEO, AUM Media
    +1 (646) 652-7185
    crocker.coulson@aummedia.org;
    Info@aetheriumcapital.com

    The MIL Network

  • MIL-OSI Africa: Africa Global Logistics Advances Landmark Port Expansion Projects

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

    Freight forwarding service Africa Global Logistics (AGL) recently secured €230 million in financing to expand the container terminal at the Port of Pointe Noire in the Republic of Congo, marking a major milestone in regional infrastructure development. The new 750-meter quay – scheduled for completion by 2027 – will double the terminal’s capacity to 2.3 million containers annually and support the country’s growing oil and LNG exports.  

    The Pointe Noire project is being executed by AGL’s subsidiary Congo Terminal in collaboration with engineering firm China Road and Bridge Corporation. Backed by both international and Congolese banks, the €400 million platform will include 26 hectares of quayside, a dredged 17-meter-deep basin, and the installation of 16 gantries. It forms a key part of Congo’s strategy to boost hydrocarbon production to 500,000 barrels of oil per day and LNG output to 3 million tons per annum within five years. AGL will participate as a Diamond Sponsor at this year’s African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town. 

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event. 

    In Angola, AGL also launched operations at its Lobito Terminal in March last year. The terminal – Angola’s second-largest port hub – handles over one million tons of bulk cargo and more than 100,000 twenty-foot equivalent unit containers annually, with 730 employees operating deepwater berths and modern equipment. With €100 million in planned investment, the terminal connects to the 1,300-km Benguela railway and aims to become a vital gateway for copper, cobalt and agricultural exports from the Copperbelt region in Zambia and the Democratic Republic of Congo. The project comes at a pivotal time for Angola, which is preparing to bring several major energy developments online between 2025 and 2028. These include the Cabinda Oil Refinery in 2025, the Agogo Integrated West Hub development in late-2025, the Quiluma and Maboqueiro gas fields in 2026 and the Kaminho Deepwater Development in 2028. 

    Meanwhile, in Ivory Coast, AGL is playing a vital role in Phase 2 of the Baleine offshore development – West Africa’s first net-zero emissions project. In partnership with engineering firm Saipem, AGL began manufacturing critical subsea structures for the Baleine field in April 2024 at its Carena shipyard in Abidjan. The works include anchoring systems and underwater fixtures totaling over 200 tons, to be deployed in ultra-deep waters. AGL has mobilized 100 skilled local workers – including certified welders, painters and crane operators – reinforcing its commitment to local content, capacity building and sustainable energy infrastructure in Ivory Coast’s rapidly growing oil and gas sector.  

    AGL’s recent activities in Africa align with its broader vision to support the continent’s energy infrastructure. In addition to the Republic of Congo, Angola and Ivory Coast, the company is currently modernizing the Walvis Bay terminal in Namibia while playing a key role in major energy logistics across Mauritania, Senegal and Mozambique. AGL’s Diamond Sponsorship at AEW: Invest in African Energies 2025 underscores its commitment to building robust, multimodal logistics systems that enable energy development and economic transformation across Africa. 

    – on behalf of African Energy Chamber.

    Media files

    Download logo

    MIL OSI Africa

  • MIL-OSI Analysis: How Macau’s second world war experience shaped the territory

    Source: The Conversation – UK – By Helena F. S. Lopes, Lecturer in Modern Asian History, Cardiff University

    Macau’s giant casinos and malls have earned the territory its nickname: the ‘Las Vegas of the east’. Sanga Park / Shutterstock

    This year marks the 80th anniversary of the end of the second world war, a conflict that left few corners of the globe untouched. In east Asia, the small Portuguese-administrated territory of Macau in southern China stood out as a rare neutral territory. But, despite its neutrality, Macau could not escape the war’s far-reaching impact.

    In fact, Macau saw its population treble in the period between 1937 and the end of the second world war, reaching around half a million people. The newcomers, most of whom had fled the Japanese occupation of China, exceeded the existing residents and influenced all facets of life in Macau.

    Some went on to shape the territory well beyond the end of the second world war, helping Macau earn its later status as one of the leading gambling hubs in the world. These people included the late Stanley Ho, the “casino tycoon” in Macau and one of the key architects of its post-war economy.

    In his testimony for the 1999 book, Macao Remembers, Ho noted how Macau’s wartime atmosphere had inspired him. “Macao was tiny, and yet a bit like Casablanca – all the secret intelligence, the murders, the gambling – it was a very exciting place”, he said.

    Ho was referring to the fictional version of the French-controlled wartime city of Casablanca in the 1942 Hollywood film, also called Casablanca. As a neutral enclave, Macau was a site of multinational refuge, smuggling of goods and people, espionage, danger and opportunities.

    Macau is located on the south coast of China, across the Pearl River estuary from Hong Kong.
    Sémhur / Wikimedia Commons, CC BY-NC-ND

    Site of refuge

    Japan’s invasion of China began in the 1930s. As Japanese forces took control of most of the eastern coast from 1937 onward, the Chinese nationalist government moved inland to resist from its relocated capitals, first Wuhan and then Chongqing. By the end of 1940, the most important political, economic, educational and cultural urban centres in China had been occupied.

    Surrounded by occupied areas, territories under foreign rule in China such as the Shanghai foreign concessions, Macau and Hong Kong became “lone islands”. Their neutral status attracted many thousands of refugees, resistance activists and relocated businesses. Lone islands became supply lifelines for the Chinese resistance and propaganda battlegrounds for opposing sides.

    They experienced periods of economic boom fuelled by the influx of refugees. And they were prime locations for the transfer of information and funds, as well as intelligence collection. Lone islands were also sites of humanitarian relief, connected to diaspora networks and organisations designed to support the Chinese war effort.

    By the end of 1941, these spaces of neutrality were disappearing. The Shanghai foreign concessions were taken over by Japan and later handed over to a Chinese collaborationist administration, and the British colony of Hong Kong was occupied and placed under Japanese military rule. French-ruled Guangzhouwan, also in south China, was under de facto Japanese control by 1943.

    Macau, which remained neutral throughout the war, stood as the last lone island – if always subject to Japanese influence. Macau’s neutrality drew many from opposing camps.

    In the late 1930s, most refugees to Macau had come from Shanghai and Guangdong province. The occupation of Hong Kong in late 1941 then brought another wave of displaced persons to Macau.

    Stanley Ho was among the refugees who arrived in Macau from the neighbouring British colony. He joined his uncle Robert Ho Tung, a renowned businessman who also relocated to Macau during the occupation of Hong Kong.

    According to Ho’s own accounts, his wartime activities were the foundation of a fortune. Several other figures who would become important economic players in Macau’s post-war economy, such as businessman Ho Yin, also cut their teeth during the second world war’s climate of contingency and opportunity.

    Working for the Macau Co-operative Company, established by the Japanese to manage trade between Japan and the government in Macau, Ho was involved in bartering materials in exchange for food supplies with Japanese interlocutors. He also had an English-Japanese language exchange with the Japanese intelligence chief in Macau, Colonel Sawa.

    Through these activities, Ho made important contacts among the different communities who found themselves in Macau during the war. This included powerful intermediaries such as Pedro José Lobo, the head of the economic services in Macau. These connections exposed Ho to the popularity of gambling in Macau and the potential to take it to a different level.

    Gambling had been legal in Macau since the mid-19th century. But it was during the war that we would see the origins of the casino-hotel model that is now prevalent in the territory.

    The leading hotels of 1940s Macau, such as Hotel Central and Grande Hotel Kuoc Chai, offered employment to refugee musicians and dancers and were sites of entertainment for those with funds to spend.

    Hotel Central, one of the leading hotels in 1940s Macau.
    stefangde / Shutterstock

    After the end of the second world war, Ho set up a company called Sociedade de Turismo e Diversões de Macau (STDM) with partners including Henry Fok, Teddy Yip and Yip Hon. These were businessmen with links to Hong Kong, mainland China and Indonesia.

    In 1962, the same year STDM was founded, it earned the exclusive licence to run casinos in Macau, replacing pre-existing magnates who were more prominent during the second world war.

    One of the key innovations brought by their company’s casinos was the popularisation of western-style games. They were also involved in philanthropic activities, much like the wartime gambling tycoons had been, with Macau again seeing the arrival of many destitute displaced persons during the cold war.

    Gambling has been liberalised in Macau since the early 2000s, and the territory has now surpassed Las Vegas to become the largest casino market in the world.

    Helena F. S. Lopes received doctoral and postdoctoral research funding from the Arts and Humanities Research Council, the Portuguese Foundation for Science and Technology and the Leverhulme Trust for projects relating to Macau during the Second World War and the post-war period.

    ref. How Macau’s second world war experience shaped the territory – https://theconversation.com/how-macaus-second-world-war-experience-shaped-the-territory-246650

    MIL OSI Analysis

  • MIL-OSI Analysis: Canada needs a national AI literacy strategy to help students navigate AI

    Source: The Conversation – Canada – By Mohammed Estaiteyeh, Assistant Professor of Digital Pedagogies and Technology Literacies, Faculty of Education, Brock University

    AI literacy equips learners to understand and navigate the pervasive influence of AI in their daily lives. (Shutterstock)

    With students’ use of artificial intelligence (AI) tools on the rise in Canada and globally, reports of cheating and unethical behaviors are making headlines.

    One recent study indicates that 78 per cent of Canadian students have used generative AI to help with assignments or study tasks. In China, authorities have even shut down AI apps during nationwide exams to prevent cheating.

    Students seem unprepared to navigate this new world and educators are unsure how to handle it. This is a problem Canada and other countries can’t afford to ignore.

    The support structures and policies to guide students’ and educators’ responsible use of AI are often insufficient in Canadian schools. In a recent study, Canada ranked 44th in AI training and literacy out of 47 countries, and 28th among 30 advanced economies. Despite growing reliance on these technologies at homes and in the classrooms, Canada lacks a unified AI literacy strategy in K-12 education.

    Without co-ordinated action, this gap threatens to widen existing inequalities and leave both learners and educators vulnerable. Canadian schools need a national AI literacy strategy that provides a framework for teaching students about AI tools and how to use them responsibly.

    What is AI literacy?

    AI literacy is defined as:

    “An individual’s ability to clearly explain how AI technologies work and impact society, as well as to use them in an ethical and responsible manner and to effectively communicate and collaborate with them in any setting.”

    Acknowledging its importance, scholars and international organizations have been developing AI literacy frameworks. UNESCO has developed AI competency frameworks for students and teachers, highlighting key capabilities they should acquire to navigate AI implications.

    More recently, the Organisation for Economic Co-operation and Development and the European Commission released their joint draft AI Literacy Framework for primary and secondary education. This framework defines AI literacy as the technical knowledge, durable skills and future-ready attitudes required to thrive in a world influenced by AI.

    The framework aims to empower learners to engage with, create with, manage and design AI, while critically evaluating its benefits, risks and ethical implications.

    AI-literate students are better able to develop an ethical and human-centred mindset as they learn to consider AI’s social and environmental impacts.
    (Shutterstock)

    Why does AI literacy matter?

    AI literacy equips learners to understand and navigate the pervasive influence of AI in their daily lives. It fosters critical thinking skills to assess AI outputs for misinformation and bias.

    AI literacy also enables students to make safe and informed decisions about when and how to use AI, preventing habits that compromise academic integrity. In addition, student knowledge of AI’s technical foundations demystifies AI, dispelling misconceptions that it is all-knowing, and highlights its capabilities and limitations.

    Furthermore, AI-literate students are better able to develop an ethical and human-centred mindset as they learn to consider AI’s social and environmental impacts, including issues of transparency, accountability, privacy and the environmental cost of AI systems.

    AI literacy prepares students to collaborate effectively and ethically with AI tools (for example, with writing) and helps them understand how to delegate only certain tasks to AI without cognitive offloading that may be detrimental at various developmental stages.

    Finally, AI literacy aims to ensure inclusive access to AI learning environments for all students, regardless of background, status or ability.

    Canadian and international landscape

    In Canada, some provinces and school boards are moving ahead with AI integration, while others offer very little teacher training and resources to do so.

    Some universities and community organizations are also taking the lead in building AI literacy by providing curricula, resources and training to teachers and students.

    These scattered efforts, while appreciated, lead to AI learning opportunities that are often ad-hoc or extracurricular. Without national or province-wide requirements, many students — especially in marginalized communities and under-resourced schools — may graduate high school with no exposure to AI concepts at all, worsening the digital divide.

    To put Canada’s situation in context, it is useful to compare with other countries that are implementing or proposing national AI education initiatives. As part of its National AI Strategy, Singapore launched a partnership to strengthen students’ AI literacy, building on earlier initiatives that focused on teacher training.

    A meaningful AI literacy strategy must begin in the classroom with age-appropriate content.
    (Shutterstock)

    In China, the Ministry of Education issued systematic guidelines to promote AI education in primary and secondary schools. Similarly, the United Arab Emirates introduced AI classes into its curricula starting in the primary years.

    More recently, the United States established an AI framework and a task force aimed at “building essential AI literacy from an early age to maintain a competitive edge in global technology development and prepare students for an AI-driven economy.”

    Canada, in comparison to these examples, has strengths in its bottom-up innovation but lacks a guiding vision. Canada needs a co-ordinated strategy that leverages federal-provincial collaboration through a unifying framework, shared resources and a common baseline of AI knowledge that every Canadian student should acquire.

    What should this strategy include?

    A meaningful AI literacy strategy must begin in the classroom with age-appropriate content. Students can start with the technical foundations and advance to think critically about AI’s limitations, ethical issues and social implications.

    It’s important that this content is woven across subjects and presented in ways that reflect the cultural and social contexts of learners.

    Equally essential is supporting educators. Teachers need practical, research-informed professional development and teaching toolkits that equip them to guide students through both the opportunities and risks of AI.

    To make these efforts sustainable and equitable, a national strategy must also include policy directions, regulations for the tech industry, community outreach programs and intentional opportunities for collaboration between various stakeholders (researchers, policymakers, school boards, teacher education programs and so on).

    Whether you think AI is a good or bad thing, the fact is it’s here. This is not a call to incorporate AI tools in schools. It is a call to make Canadian students aware of its abilities and implications. Our kids need to learn about this technology and how to use it responsibly.

    Mohammed Estaiteyeh 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. Canada needs a national AI literacy strategy to help students navigate AI – https://theconversation.com/canada-needs-a-national-ai-literacy-strategy-to-help-students-navigate-ai-257513

    MIL OSI Analysis

  • MIL-OSI Analysis: Canada needs a national AI literacy strategy to help students navigate AI

    Source: The Conversation – Canada – By Mohammed Estaiteyeh, Assistant Professor of Digital Pedagogies and Technology Literacies, Faculty of Education, Brock University

    AI literacy equips learners to understand and navigate the pervasive influence of AI in their daily lives. (Shutterstock)

    With students’ use of artificial intelligence (AI) tools on the rise in Canada and globally, reports of cheating and unethical behaviors are making headlines.

    One recent study indicates that 78 per cent of Canadian students have used generative AI to help with assignments or study tasks. In China, authorities have even shut down AI apps during nationwide exams to prevent cheating.

    Students seem unprepared to navigate this new world and educators are unsure how to handle it. This is a problem Canada and other countries can’t afford to ignore.

    The support structures and policies to guide students’ and educators’ responsible use of AI are often insufficient in Canadian schools. In a recent study, Canada ranked 44th in AI training and literacy out of 47 countries, and 28th among 30 advanced economies. Despite growing reliance on these technologies at homes and in the classrooms, Canada lacks a unified AI literacy strategy in K-12 education.

    Without co-ordinated action, this gap threatens to widen existing inequalities and leave both learners and educators vulnerable. Canadian schools need a national AI literacy strategy that provides a framework for teaching students about AI tools and how to use them responsibly.

    What is AI literacy?

    AI literacy is defined as:

    “An individual’s ability to clearly explain how AI technologies work and impact society, as well as to use them in an ethical and responsible manner and to effectively communicate and collaborate with them in any setting.”

    Acknowledging its importance, scholars and international organizations have been developing AI literacy frameworks. UNESCO has developed AI competency frameworks for students and teachers, highlighting key capabilities they should acquire to navigate AI implications.

    More recently, the Organisation for Economic Co-operation and Development and the European Commission released their joint draft AI Literacy Framework for primary and secondary education. This framework defines AI literacy as the technical knowledge, durable skills and future-ready attitudes required to thrive in a world influenced by AI.

    The framework aims to empower learners to engage with, create with, manage and design AI, while critically evaluating its benefits, risks and ethical implications.

    AI-literate students are better able to develop an ethical and human-centred mindset as they learn to consider AI’s social and environmental impacts.
    (Shutterstock)

    Why does AI literacy matter?

    AI literacy equips learners to understand and navigate the pervasive influence of AI in their daily lives. It fosters critical thinking skills to assess AI outputs for misinformation and bias.

    AI literacy also enables students to make safe and informed decisions about when and how to use AI, preventing habits that compromise academic integrity. In addition, student knowledge of AI’s technical foundations demystifies AI, dispelling misconceptions that it is all-knowing, and highlights its capabilities and limitations.

    Furthermore, AI-literate students are better able to develop an ethical and human-centred mindset as they learn to consider AI’s social and environmental impacts, including issues of transparency, accountability, privacy and the environmental cost of AI systems.

    AI literacy prepares students to collaborate effectively and ethically with AI tools (for example, with writing) and helps them understand how to delegate only certain tasks to AI without cognitive offloading that may be detrimental at various developmental stages.

    Finally, AI literacy aims to ensure inclusive access to AI learning environments for all students, regardless of background, status or ability.

    Canadian and international landscape

    In Canada, some provinces and school boards are moving ahead with AI integration, while others offer very little teacher training and resources to do so.

    Some universities and community organizations are also taking the lead in building AI literacy by providing curricula, resources and training to teachers and students.

    These scattered efforts, while appreciated, lead to AI learning opportunities that are often ad-hoc or extracurricular. Without national or province-wide requirements, many students — especially in marginalized communities and under-resourced schools — may graduate high school with no exposure to AI concepts at all, worsening the digital divide.

    To put Canada’s situation in context, it is useful to compare with other countries that are implementing or proposing national AI education initiatives. As part of its National AI Strategy, Singapore launched a partnership to strengthen students’ AI literacy, building on earlier initiatives that focused on teacher training.

    A meaningful AI literacy strategy must begin in the classroom with age-appropriate content.
    (Shutterstock)

    In China, the Ministry of Education issued systematic guidelines to promote AI education in primary and secondary schools. Similarly, the United Arab Emirates introduced AI classes into its curricula starting in the primary years.

    More recently, the United States established an AI framework and a task force aimed at “building essential AI literacy from an early age to maintain a competitive edge in global technology development and prepare students for an AI-driven economy.”

    Canada, in comparison to these examples, has strengths in its bottom-up innovation but lacks a guiding vision. Canada needs a co-ordinated strategy that leverages federal-provincial collaboration through a unifying framework, shared resources and a common baseline of AI knowledge that every Canadian student should acquire.

    What should this strategy include?

    A meaningful AI literacy strategy must begin in the classroom with age-appropriate content. Students can start with the technical foundations and advance to think critically about AI’s limitations, ethical issues and social implications.

    It’s important that this content is woven across subjects and presented in ways that reflect the cultural and social contexts of learners.

    Equally essential is supporting educators. Teachers need practical, research-informed professional development and teaching toolkits that equip them to guide students through both the opportunities and risks of AI.

    To make these efforts sustainable and equitable, a national strategy must also include policy directions, regulations for the tech industry, community outreach programs and intentional opportunities for collaboration between various stakeholders (researchers, policymakers, school boards, teacher education programs and so on).

    Whether you think AI is a good or bad thing, the fact is it’s here. This is not a call to incorporate AI tools in schools. It is a call to make Canadian students aware of its abilities and implications. Our kids need to learn about this technology and how to use it responsibly.

    Mohammed Estaiteyeh 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. Canada needs a national AI literacy strategy to help students navigate AI – https://theconversation.com/canada-needs-a-national-ai-literacy-strategy-to-help-students-navigate-ai-257513

    MIL OSI Analysis

  • MIL-OSI Russia: Chinese State Councilor Stresses Need to Support Employment, Boost Consumption

    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

    CHANGSHA, June 26 (Xinhua) — Chinese State Councilor Shen Yiqin has called for efforts to stabilize employment of key groups such as college graduates and further boost consumption related to culture, tourism and sports.

    Shen Yiqin made the remarks during an inspection tour of Hunan Province in central China from June 23 to 26.

    She pointed to the need to pay more attention to employment and take support measures to expand employment opportunities for key groups, including university graduates, migrant workers and those who have escaped poverty.

    Enterprises should receive more support to create new jobs, Shen Yiqin stressed, calling for large-scale vocational training programs to be launched in key sectors to upgrade the skills of the workforce.

    The State Councilor also called for consistently increasing the supply of high-quality products and services, and accelerating the deep integration of culture, tourism and sports with science and technology to better meet the growing demand of the population. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China, Interpol to Strengthen Cooperation for Global Security

    Translation. Region: Russian Federal

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

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

    BEIJING, June 26 (Xinhua) — Chinese State Councilor and Minister of Public Security Wang Xiaohong met with International Criminal Police Organization (Interpol) President Ahmed Nasser Al-Raisi in Beijing on Thursday, calling on both sides to make contributions to jointly building global security.

    Wang Xiaohong noted that the Chinese side highly values INTERPOL’s firm commitment to the one-China principle. He emphasized China’s intention to intensify communication and coordination on key issues, raise the level of strategic cooperation, deepen interaction in building the capacity of law enforcement agencies, and jointly ensure the successful holding of the 94th session of the INTERPOL General Assembly.

    A. N. al-Raisi, for his part, expressed gratitude to China for its active support and stated that Interpol expects to continue high-level cooperation with the PRC.

    During the meeting, A. N. ar-Raisi was awarded the gold commemorative medal of the Ministry of Public Security of the PRC “The Great Wall of China”. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: 8 people injured in gas explosion at plant in northern Kazakhstan

    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

    ALMATY, June 26 (Xinhua) — Eight people were injured in a gas explosion at a plant in the village of Ilyichevka, Taiynshinsky district, North Kazakhstan region of Kazakhstan, the Kazinform news agency reported on Thursday.

    According to preliminary information, during the filling of the gas tank, the filling hose broke, which led to the ignition of the gas tanker, followed by a flare-up of the shut-off valves of the underground tank.

    According to official data, eight people were injured. All of them were quickly taken to medical facilities. Two people were placed in intensive care, three were sent home after receiving medical assistance.

    The fire has been completely extinguished.

    The causes of the incident are being established. A pre-trial investigation is being conducted into the incident by the regional emergency department. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: NATO countries’ decision to increase defense spending will not affect Russia’s security – Russian Foreign Minister

    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

    Moscow, June 26 /Xinhua/ — The decision by the North Atlantic Treaty Organization (NATO) member countries to increase annual defense spending to 5 percent of gross domestic product (GDP) by 2035 will not affect Russia’s security, Russian Foreign Minister Sergei Lavrov said on Thursday.

    “As for the impact of this goal – five percent – on the state of our security, I don’t think it will be in any way significant,” TASS quotes him as saying.

    According to the head of the Russian Foreign Ministry, such a decision could be fraught with danger for the Europeans themselves. “The threat is getting worse, and this is a threat to the taxpayers of the European Union countries, and even Britain, who have been simply robbed over the past three years,” S. Lavrov emphasized. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: In May, passenger car production in Russia fell by 18.5 percent.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    Moscow, June 26 (Xinhua) — In May, passenger car production in Russia amounted to 35,000 units, which is 18.5 percent lower than the figure for May 2024, according to data published by the Federal State Statistics Service of the Russian Federation on Wednesday.

    At the same time, in the first five months of 2025, the production of passenger cars in Russia increased by 4% year-on-year and amounted to 281 thousand units. The number of new trucks produced in the country in January-May amounted to 58.5 thousand units, which is 20.1% less year-on-year.

    Overall, the industrial production index in Russia in January-May of this year grew by 1.3 percent year-on-year. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Uzbekistan’s Economy to Grow by 6.5% in 2025 — EDB Forecast

    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

    Tashkent, June 26 /Xinhua/ — Uzbekistan’s gross domestic product (GDP) is expected to grow by 6.5 percent by the end of 2025, local media reported on Thursday, citing the Eurasian Development Bank (EDB).

    It is indicated that the main drivers of economic growth will be an increase in the population’s income and active investment activities aimed at sustainable development.

    According to the EDB, the inflation rate in Uzbekistan in 2025 may decrease to 8.1 percent.

    As noted, the supporting factors for the national currency will be the growth in the volume of money transfers from abroad and the increase in export volumes. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: US Gains Nothing from War with Iran: Iran’s Supreme Leader

    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

    TEHRAN, June 26 (Xinhua) — The United States has gained nothing from its war against Iran and has received a “harsh slap in the face,” Iran’s Supreme Leader Ayatollah Ali Khamenei said in a video message broadcast by state-run IRIB TV.

    The Supreme Leader congratulated the Iranian people on their “victory” in the war with Israel and the United States.

    “Despite all its propaganda and statements, Israel was almost defeated and crushed by Iran’s attacks,” A. Khamenei noted.

    According to him, Iranian missiles and other weapons managed to penetrate Israel’s “forward multi-layered defense” and raze many urban and military areas of the Jewish state to the ground.

    As the Supreme Leader pointed out, Israel must know that any aggression against Iran will cost it dearly.

    A. Khamenei also drew attention to the fact that the United States entered the war to save Israel, “but did not gain anything from this war.”

    The US exaggerated its achievements in the war because it failed to achieve its goal and needed this to hide the truth, A. Khamenei said, stressing that “here too, the Islamic Republic of Iran achieved victory and responded to the United States with a harsh slap in the face.”

    The supreme leader said Iran had attacked and damaged the US Al Udeid air base in Qatar, “one of the important US bases in the West Asian region,” although some, he noted, had tried to downplay it and said nothing had happened. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Alfa-Bank and HSE Expand Partnership in Business Education

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The Higher School of Business of the National Research University Higher School of Economics and Alfa-Bank have signed a cooperation agreement aimed at developing educational programs in the field of business informatics.

    The document consolidates the strategic partnership of the parties and opens up new opportunities for integrating practical competencies into student training. Alfa-Bank will become a partner of two HSB bachelor’s programs at once — “Business Informatics” And“Digital Product Management”. The bank’s top managers and key experts will join the Academic Councils of both programs and, together with HSE GSB teachers, will work on developing curricula and strengthening the practical focus of training.

    A separate focus of the cooperation is support for talented students. As part of the agreement, Alfa-Bank is establishing ten grants for students of the Digital Product Management program. The grant will cover 50% of the cost of annual tuition, and applicants entering the program in 2025 will be able to apply for it. This is a significant contribution to supporting talented students and developing the human resources potential of the digital economy.

    Other equally important initiatives include joint lectures, master classes, scientific research and business events, as well as the creation of real cases based on the bank’s experience.

    Marat Ismagulov

    HR Director of Alfa-Bank

    “We are convinced that quality education should go hand in hand with practical experience and modern professional knowledge. Thanks to cooperation with the Higher School of Business HSE, we offer students unique conditions for professional growth, we prepare graduates who are in demand by the market. We are glad to see promising young specialists in our bank, who will be able to make a significant contribution to the development of fintech both in our bank and in the country as a whole.”

    Zaramenskikh Evgeny Petrovich

    Head of the Department of Business Informatics, Academic Director of the Business Informatics program at the Higher School of Business, National Research University Higher School of Economics

    “Cooperation with Alfa-Bank allows us to make educational programs even closer to practice. Students have the opportunity not only to learn from industry professionals, but also to work on real business tasks, receive expert support and professional guidance. This is especially important in such rapidly developing areas as business informatics and digital product management.”

    The partnership between the HSE Higher School of Business and Alfa-Bank has been developing for several years. Ivan Pyatkov, Director of Retail Business at Alfa-Bank, and Marat Ismagulov, HR Director at Alfa-Bank, have already spoken within the walls of the business school. The new stage of cooperation will allow such meetings to be held on a regular basis and attract even more leaders and experts to them.

    This summer, the cooperation will also reach an international level: VShB and Alfa-Bank will hold Summer school “Digital Product Management” for students from China. Participants will spend a week in Moscow, learning from leading industry experts, developing practical skills in managing digital products, and getting to know the culture and history of one of the largest megacities in the world.

    The concluded agreement is a step towards closer interaction between business and education, the focus of which is the training of specialists who are ready for the challenges of the digital economy and able to work in real market conditions.

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

    MIL OSI Russia News

  • MIL-OSI: Flow Traders 2Q 2025 Pre-close Call

    Source: GlobeNewswire (MIL-OSI)

    Flow Traders 2Q 2025 Pre-close Call

    Amsterdam, the Netherlands – Flow Traders Ltd. (Euronext: FLOW) publishes the 2Q 2025 pre-close call script to be used with analysts post the market close on 26 June 2025.

    Eric Pan – Head of Investor Relations, Flow Traders

    Welcome to the Flow Traders 2Q 2025 pre-close call, which is being conducted post the European market close on 26 June. During this call I will highlight relevant publicly available data and industry trends in our markets as well as previously published data by Flow Traders and relate these data points to their impact on our business for the quarter. The silent period for 2Q will begin on 30 June and we will publish our 2Q 2025 results on 31 July at 07:30 CEST.

    Market Environment

    Market trading volumes and volatility increased in the second quarter across most asset classes and regions, with the largest of the increases occurring in the first weeks of April and falling back to more normal levels in May and June. In Equity, market trading volumes and volatility in the quarter increased across all regions both when compared to the same period a year ago and to the first quarter. Within Fixed Income, market trading volumes increased when compared to the same period a year ago and the first quarter while volatility levels stayed relatively flat. In Digital Assets, trading volumes increased slightly compared to the same period a year ago but decreased meaningfully compared to the first quarter. Digital Assets volatility declined meaningfully both year-on-year and quarter-on-quarter.

    Diving deeper into each of the asset classes and regions:

    Equity

    In Equity, European exchange operators Euronext, Deutsche Börse and the London Stock Exchange all saw double-digit increases in trading volumes both year-on-year and quarter-on-quarter, with more of the increases occurring in April. In the Americas, volumes on both the Nasdaq and NYSE also increased by double-digits year-on-year and quarter-on-quarter, also with more of the increases occurring in April. Volumes in APAC also increased by double-digits in the quarter across the Hong Kong, Tokyo, and Shanghai Stock Exchange when compared to the same period a year ago, but to a lesser extent when compared to the first quarter.

    Volatility, as exemplified by the VSTOXX in Europe, VIX in the Americas and JNIV in Japan, increased by double-digits when compared to both the same period a year ago and to the first quarter. The VHSI in Hong Kong increased by double-digits year-on-year but was relatively flat quarter-on-quarter.

    FICC

    In Fixed Income, market trading volumes increased in the quarter by double-digits across most products on Tradeweb and MarketAxess when compared to the same period a year ago and the first quarter, though at a smaller magnitude when compared to the increases in the Equity asset class. Fixed income volatility, as indicated by the MOVE index, increased slightly both year-on-year and quarter-on-quarter.

    Within Digital Assets, trading volumes in Bitcoin, the barometer of the industry, increased slightly year-on-year but decreased by double-digits quarter-on-quarter. Bitcoin volatility declined by double-digits both year-on-year and quarter-on-quarter.

    ETP Market Volumes

    As per Flow Traders’ previously published monthly ETP Market Statistics, quarter-to-date, On and Off Exchange Value Traded was up 53% year-on-year in EMEA, up 43% in the Americas, up 78% in APAC, and up 48% globally. Average volatility, as indicated by the VIX, was up 77% quarter-to-date compared to the same period a year ago.

    Impact on Flow Traders

    Coming to Flow Traders’ second quarter performance, the increase in trading volumes and volatility in the quarter positively contributed to NTI when compared to the same period a year ago. When compared to the first quarter of this year, NTI performance was comparable given volumes and volatility subsided to more normal levels in May and June after the short-lived surge in early April as a result of the “Liberation Day” tariff announcements from the U.S. administration. It’s worth a reminder that the first quarter also saw increased market trading volumes and volatility as a result of the U.S. administration’s initial round of tariff announcements on Canada, Mexico and China. The greater, but short-lived, surge in Equity volatility in early April was offset by a muted May and June and lower contributions from Digital Assets in the quarter. Looking at the regional performance, all regions improved compared to the same period a year ago, while the Americas improved when compared to the first quarter of this year. On the cost front, Fixed Operating Expenses in the quarter were in-line with our previous guidance.

    Contact Details

    Flow Traders Ltd.

    Investors
    Eric Pan
    Phone:         +31 20 7996799
    Email:                investor.relations@flowtraders.com

    Media
    Laura Peijs
    Phone:         +31 20 7996799
    Email:                press@flowtraders.com

    About Flow Traders

    Flow Traders is a leading trading firm providing liquidity in multiple asset classes, covering all major exchanges. Founded in 2004, Flow Traders is a leading global ETP market marker and has leveraged its expertise in trading ETPs to expand into fixed income, commodities, digital assets and FX. Flow Traders’ role in financial markets is to ensure the availability of liquidity and enabling investors to continue to buy or sell financial instruments under all market circumstances, thereby ensuring markets remain resilient and continue to function in an orderly manner. In addition to its trading activities, Flow Traders has established a strategic investment unit focused on fostering market innovation and aligned with our mission to bring greater transparency and efficiency to the financial ecosystem. With nearly two decades of experience, we have built a team of over 600 talented professionals, located globally, contributing to the firm’s entrepreneurial culture and delivering the company’s mission.

    Important Legal Information

    This publication is prepared by Flow Traders Ltd. and is for information purposes only. It is not a recommendation to engage in investment activities and you must not rely on the content of this document when making any investment decisions. The information in this publication does not constitute legal, tax, or investment advice and is not to be regarded as investor marketing or marketing of any security or financial instrument, or as an offer to buy or sell, or as a solicitation of any offer to buy or sell, securities or financial instruments.

    The information and materials contained in this publication are provided ‘as is’ and Flow Traders Ltd. or any of its affiliates (“Flow Traders”) do not warrant the accuracy, adequacy or completeness of the information and materials and expressly disclaim liability for any errors or omissions. This publication is not intended to be, and shall not constitute in any way a binding or legal agreement, or impose any legal obligation on Flow Traders. All intellectual property rights, including trademarks, are those of their respective owners. All rights reserved. All proprietary rights and interest in or connected with this publication shall vest in Flow Traders. No part of it may be redistributed or reproduced without the prior written permission of Flow Traders.

    Flow Traders expressly disclaims any obligation or undertaking to update, review or revise any statements contained in this publication to reflect any change in events, conditions or circumstances on which such statements are based. Unless the source is otherwise stated, the market, economic and industry data in this publication constitute the estimates of our management, using underlying data from independent third parties. We have obtained market data and certain industry forecasts used in this publication from internal surveys, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. The third party sources we have used generally state that the information they contain has been obtained from sources believed to be reliable but that the accuracy and completeness of such information is not guaranteed and that the projections they contain are based on a number of assumptions.

    By accepting this publication you agree to the terms set out above. If you do not agree with the terms set out above please notify legal.amsterdam@nl.flowtraders.com immediately and delete or destroy this publication.

    Market Abuse Regulation

    This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Attachment

    The MIL Network

  • MIL-OSI USA: Rep. Carter’s Military Construction and Veterans Affairs Appropriations Act Passes House

    Source: United States House of Representatives – Representative John R Carter (R-TX-31)

    Representative John Carter’s (TX-31) Military Construction and Veterans Affairs Appropriations Act passed the House this afternoon, 218-206.

    “I’m proud that the House has passed the first FY26 appropriations bill—my Military Construction and Veterans Affairs bill—which reflects House Republicans’ commitment to taking care of our servicemembers, veterans, and their families,” said Subcommittee Chairman John Carter. “This legislation invests in critical infrastructure, such as barracks and child development centers, and fully funds veterans’ healthcare, with a significant focus on mental health services and housing programs that our veterans have earned. As Chairman of the subcommittee, I will continue fighting to ensure those who serve our nation have the support they deserve, and I know my colleagues who voted in favor today share that same commitment. I want to sincerely thank Chairman Cole for his leadership and focus on getting solid bills across the finish line.”

    Key Takeaways

    Champions our veterans by:

    • Fully funding veterans’ health care programs.
    • Fully funding veterans’ benefits and VA programs.
    • Supporting President Trump’s efforts to combat veteran homelessness by investing in the new Bridging Rental Assistance for Veteran Empowerment program.
    • Maintaining funding levels for research, mental health programs, and other programs relied upon by veterans.

    Supports the Trump Administration and the mandate of the American people by: 

    • Protecting the 2nd Amendment rights of veterans, preventing the VA from sending information to the FBI about veterans without a judge’s consent.
    • Syncing up with President Trump’s Executive Orders on no funds for DEI, gender affirming care, and protecting Hyde-like language at the VA.
    • Prohibiting the VA from processing medical care claims for illegal aliens.

    Bolsters U.S. national security and border protections by: 

    • Providing robust funding for military construction, enabling continued investment in the Indo-Pacific region, and infrastructure necessary to support the United States’ advanced weapons systems.
    • Maintaining the prohibitions on the closure of Naval Station Guantanamo Bay, Cuba, and the use of military construction funds to build facilities for detainees on U.S. soil.
    • Prohibiting the VA from purchasing resources directly or indirectly from the People’s Republic of China.

    A summary of the bill, before adoption of amendments, is available here.

    Bill text, before adoption of amendments, is available here.

    Bill report, before adoption of amendments, is available here.

    MIL OSI USA News

  • MIL-OSI Russia: China-Laos Railway Carries 10 Billion Yuan in Import and Export Cargo in January-May

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    KUNMING, June 26 (Xinhua) — The China-Laos railway carried more than 2.48 million tonnes of foreign trade cargo worth over 10 billion yuan (about 1.4 billion U.S. dollars) from January to May this year, official data showed Thursday.

    During this period, there was a significant increase in both the volume and cost of transportation. The volume of transportation increased by 7.9 percent year-on-year, and the cost by 33.2 percent.

    In May alone, the railway carried 512,000 tons of cargo worth 3.76 billion yuan, a new record since the railway opened in December 2021.

    As of May 22, the total volume of cargo transported via this railway exceeded 60 million tons, with cross-border shipments reaching 13.9 million tons.

    The range of goods transported has expanded significantly – from 10 to over 3,000 items. Among them are electronics, photovoltaic products, communications equipment, automobiles, agricultural products, industrial goods and essential items. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China advocates overcoming disunity through dialogue of civilizations – Chinese Ambassador to Russia Zhang Hanhui

    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

    Moscow, June 26 /Xinhua/ — China advocates overcoming disunity through dialogue among civilizations. The Global Civilization Initiative, put forward by Chinese President Xi Jinping in 2023, calls for respecting the diversity of world civilizations, paying attention to both the preservation of cultural heritage and innovation, and strengthening international humanitarian cooperation and exchanges. This is stated in an article by Chinese Ambassador to Russia Zhang Hanhui, published on Thursday by the TASS news agency.

    “Since the launch of this initiative, platforms for equal dialogue between different civilizations have been created within its framework, such as the Forum of Ancient Civilizations, the Conference on Dialogue of Asian Civilizations, the Conference on Dialogue of China-Africa Civilizations, and others,” the ambassador recalls.

    “This initiative advanced the idea of establishing the UN International Day of Dialogue Among Civilizations, which allowed the international community to unite its broad efforts to strengthen mutual understanding between peoples and overcome misunderstandings and disunity. This initiative gradually transformed from a Chinese proposal into an international consensus,” the article says.

    “China and Russia have deep cultural traditions, unique cultural characteristics and outstanding achievements in civilizational development,” Zhang Hanhui notes. “In recent years, humanitarian exchanges between China and Russia have become even deeper and more meaningful.”

    According to the diplomat, countries around the world are currently facing common challenges. “Faced with the stubborn adherence of individual countries to the concepts of ‘civilizational superiority’, ‘clash of civilizations’ and ‘cold war between civilizations’, China has consistently fulfilled its mission of promoting human progress and striving for universal harmony in the world,” the article emphasizes.

    “China advocates overcoming disunity through dialogue among civilizations, overcoming conflicts through mutual learning, overcoming claims to superiority through the coexistence of civilizations, and a joint response to global challenges,” sums up the Chinese Ambassador to the Russian Federation Zhang Hanhui. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: China’s Defense Ministry Opposes Using China as Pretext for NATO Expanding East

    Translation. Region: Russian Federal

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

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

    BEIJING, June 26 (Xinhua) — Chinese Defense Ministry spokesperson Zhang Xiaogang on Thursday strongly objected to NATO using China as a pretext for “expanding eastward into the Asia-Pacific region.”

    He made this statement at a press briefing, commenting on recent statements by the NATO Secretary General.

    Zhang Xiaogang noted that China has consistently followed the path of peaceful development and pursued a defense policy that is defensive in nature.

    China’s development of military potential is aimed solely at protecting its sovereignty, security and development interests, Zhang Xiaogang emphasized, adding that China’s cooperation with Russia is not directed against third parties, but at the same time does not accept the interference and influence of third parties.

    NATO, on the other hand, is engaged in instigation and fanning flames in various parts of the world to create unrest and provoke wars, thereby living up to its nickname of “war machine,” a senior Chinese military official said.

    In recent years, NATO has expanded its powers and authority beyond the geographical boundaries stipulated in its treaty, causing high concern among countries in the region, Zhang Xiaogang added.

    China calls on NATO to rethink its actions, change its course and make a greater contribution to global security and stability, a Chinese Defense Ministry official concluded. -0-

    MIL OSI Russia News

  • MIL-OSI Security: Former High-Ranking New York State Government Employee and her Husband Charged with Accepting Kickbacks in PPE Fraud Scheme

    Source: Office of United States Attorneys

    Linda Sun Falsified Information to Cause Approval of NYS Contracts Awarded to Businesses Operated by her Family Member and her Husband

    BROOKLYN, NY – A federal grand jury in Brooklyn yesterday returned a second superseding indictment that added charges against Linda Sun and her husband and co-defendant Chris Hu related to a fraudulent scheme involving procurement of personal protective equipment (PPE) by the New York State (NYS) government at the start of the COVID-19 pandemic.  As part of the scheme, Sun steered contracts to vendors with whom she had undisclosed personal connections, and she and Hu received millions of dollars from the vendors, including some in the form of kickbacks, which Sun did not disclose to the NYS government.  The new charges against Sun and Hu include honest services wire fraud, honest services wire fraud conspiracy, bribery, and conspiracy to defraud the United States.  Additionally, Hu is charged with tax evasion.  The defendants will be arraigned on Monday, June 30, 2025.

    Joseph Nocella, Jr., United States Attorney for the Eastern District of New York; Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI); and Harry T. Chavis, Jr., Special Agent in Charge, Internal Revenue Service-Criminal Investigation (IRS-CI New York), announced the new charges.

    “As alleged, Linda Sun not only acted as unregistered agent of the government of the People’s Republic of China, but also enriched herself to the tune of millions of dollars when New York State was at its most vulnerable at the start of the COVID-19 pandemic,” stated United States Attorney Nocella.  “When masks, gloves, and other protective supplies were hard to find, Sun abused her position of trust to steer contracts to her associates so that she and her husband could share in the profits.  We demand better from our public servants, and this Office will continue to hold accountable public officials who enrich themselves at the expense of the New York taxpayers.”

    Mr. Nocella expressed his appreciation to the Department of Justice’s National Security Division, the New York State Office of the Inspector General, the New York State Police, and the U.S. Department of State’s Diplomatic Security Service (DSS) for their work on the case.  He also thanked the New York State Executive Chamber for its cooperation with the investigation.

    “During a global pandemic, Linda Sun allegedly leveraged her authority within the New York State government to secretly steer contracts to selective PPE vendors in exchange for millions of dollars in kickbacks to her and her husband,” stated FBI Assistant Director in Charge Raia.  “This alleged scheme not only created an unearned and undisclosed benefit for the defendants and their relatives, but it also exploited the state’s critical need for resources in a health crisis. The FBI will never tolerate any public official who abuses their position to profit at the expense of others, especially when their objectives align with foreign agendas.”

    “Not only did Sun allegedly use Chinese money and her influence in New York State to benefit the Chinese government, it is further alleged that she used her position to steer multi-million-dollar contracts to companies controlled by family members and friends.  With this investigation, this husband-and-wife team with supposed ties to corruption has been rooted out, and they will soon understand that in legitimate government spending, there is no friends and family discount,” stated IRS-CI New York Special Agent in Charge Chavis.

    As alleged in the superseding indictment, at the outset of the COVID-19 pandemic and while working with the team of NYS government employees responsible for obtaining PPE, Sun used her position of influence with the government of the People’s Republic of China (PRC) to coordinate the NYS government’s purchase of PPE from vendors located in the PRC.  In addition to certain vendors referred by the PRC government, Sun referred two vendors (the Cousin Company and the Associate Company) that were not recommended by the PRC government but rather had ties to Sun and Hu, while claiming falsely that these, too, were referrals from components of the PRC government.  In reality, the Cousin Company was operated by one of Sun’s second cousins, and the Associate Company was operated by Hu and one of Hu’s business associates.  With Sun’s assistance, the Cousin Company and the Associate Company each entered into multiple contracts with the NYS government worth millions of dollars apiece.

    Sun, the Associate Company, and the Cousin Company did not disclose to the NYS government (1) the fact that Sun and Hu had relationships with the Associate Company and the Cousin Company, or (2) that Sun and Hu received a portion of the profits that the Associate Company and the Cousin Company made as a result of their contracts with the NYS government for PPE, including through kickback payments from the Cousin Company.

    To conceal her relationship with the Cousin Company from procurement authorities at the NYS government, Sun falsified a document to suggest that the Jiangsu Department of Commerce had recommended the Cousin Company.  On or about March 20, 2020, Sun and other NYS government officials received an email from the U.S. representative to the Jiangsu Trade & Business Representative Office in Albany, New York suggesting four PRC-based vendors who were able to provide PPE for the NYS government.  On or about March 21, 2020, Sun forwarded herself an altered version of the email in which she replaced the first suggested vendor—a vendor that produced ventilators—with the Cousin Company and wrote that the Cousin Company was recommended by the Jiangsu Department of Commerce.

    On or about March 24, 2020, in an email with the subject line “Already VERIFIED by Linda Sun,” Sun wrote to NYS procurement officials that the Cousin Company “came recommended by Jiangsu Chamber of Commerce,” that the representative had helped “screen potential vendors,” and that the Cousin Company’s surgical mask was the “gold standard.”  Below Sun’s message was what purported to be quoted text from the Jiangsu Chamber of Commerce’s email recommending vendors. However, the email in the quoted text was the altered email.

    In connection with the Cousin Company contracts with the NYS government, a spreadsheet maintained on Sun and Hu’s personal computer indicated that the Cousin provided payments to Hu (and Sun) totaling approximately $2.3 million during 2020 and 2021.  These kickbacks from the Cousin Company represented taxable income.  Hu did not report these payments as income to the U.S. government, as required, or pay taxes on this income in Forms 1040 for 2020 and 2021 that he filed on behalf of himself and Sun.

    In part, Hu laundered the income from the Cousin Company by having the Cousin make $1.5 million in payments in three $500,000 increments from another entity that the Cousin owned (the Cousin Entity) to U.S. accounts at a financial institution.  Hu created these accounts in a close relative’s name instead of his own on April 29, 2020, two days before the final $6 million payment from NYS government to the Cousin Company.

    Sun also arranged for the Associate Company to be a vendor for NYS government contracts.  On March 14, 2020, Sun wrote an email with the subject “Mask suppliers” to other members of the NYS government PPE task force with procurement authority and listed the Associate Company as a potential supplier.  Sun subsequently communicated with the Associate Company by email to obtain a price quote for the contract and provided a status update to the NYS government about the contracts with the Associate Company.

    A computer owned by the defendants contained a NYS internal document tracking various state PPE contracts, broken out by vendor.  One of the fields in the document contained, for each company, an answer to the question “why did we do business with this vendor?”  For the Associate Company, the answer to the question was listed as: “referred by Chinese chamber of commerce.”  However, there was no such referral for the Associate Company.

    According to a spreadsheet found in one of Hu’s electronic accounts, the total profits Hu expected to reap from the contracts that the Associate Company and the Cousin Company had with the NYS Department of Health totaled $8,029,741.  Hu marked the column for these expected profits with the word “me.”

    The new charges are in addition to the existing charges against Sun, which include violating and conspiring to violate the Foreign Agents Registration Act, visa fraud, alien smuggling, and money laundering, and the existing charges against Hu, which include money laundering conspiracy, money laundering, as well as conspiracy to commit bank fraud and misuse of means of identification.  The charges in the superseding indictment are allegations and the defendants are presumed innocent unless and until proven guilty.

    The government’s case is being handled by the Office’s National Security and Cybercrime Section.  Assistant United States Attorneys Alexander A. Solomon, Robert M. Pollack, and Amanda Shami are in charge of the prosecution, with the assistance of Trial Attorney Eli Ross from the National Security Division’s Counterintelligence and Export Control Section and Litigation Analyst Emma Tavangari. Assistant U.S. Attorney Laura Mantell of the Office’s Asset Recovery Section is handling forfeiture matters.

    The Defendants:

    LINDA SUN, also known as “Wen Sun,” “Ling Da Sun,” and “Linda Hu”
    Age: 41
    Manhasset, New York

    CHRIS HU
    Age: 40
    Manhasset, New York

    E.D.N.Y. Docket No. 24-CR-346 (S-2) (BMC)

    MIL Security OSI

  • MIL-OSI China: It’s futile for the Philippines to infringe upon China’s sovereignty and make provocations under the pretext of fishing activities: Defense Spokesperson 2025-06-26 “The Philippine side attempts to use fishing activities as a pretext to infringe upon China’s sovereignty and make provocations. This will never work,” said Senior Colonel Zhang Xiaogang on Thursday.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, June 26 — “The Philippine side attempts to use fishing activities as a pretext to infringe upon China’s sovereignty and make provocations. This will never work,” said Senior Colonel Zhang Xiaogang, spokesperson for China’s Ministry of National Defense, at a regular press conference on Thursday.

      The spokesperson made the above remarks when asked to comment on the Philippines’ “New Hero-Fisherfolk” Program to encourage its fishermen to exploit fishing resources in waters near China’s Nansha Qundao to the fullest extent.

      “China has indisputable sovereignty over Nansha Qundao and its adjacent waters, and has sovereign rights and jurisdiction over the relevant waters,” said the spokesperson, adding that the Chinese side will strengthen administrative control of the relevant waters in accordance with laws and regulations, and firmly safeguard its territorial sovereignty and maritime rights and interests.

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    MIL OSI China News