NewzIntel.com

Category: China

  • MIL-OSI China: Starbucks expands green initiatives

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

    This photo taken on July 17, 2025 shows the booth of Starbucks during the third China International Supply Chain Expo (CISCE) in Beijing, capital of China. [Photo/Xinhua]

    Starbucks China is making its third consecutive appearance at the China International Supply Chain Expo held in Beijing from Wednesday to Sunday, signaling its strong commitment to sustainable development and the localization of its supply chain strategy.

    This year, Starbucks expanded its exhibition footprint with creative green initiatives in partnership with Envision Group, a global leader in renewable energy systems.

    The coffee chain is showcasing its end-to-end sustainability efforts, ranging from responsible sourcing to green retail operations.

    For the first time, Starbucks’ ready-to-drink business is also being featured, signaling a maturing local supply chain and its broader push to elevate its brand value under a tailored “China Model”.

    “Starbucks’ ongoing participation in the expo reflects our long-term vision to root our business in China while driving high-quality, sustainable growth along with our suppliers and across the coffee industry,” said Stephen Fung, vice-president of Starbucks China Supply Chain, Project and Innovation. “We are building a sustainable supply chain through digital and green transformations to boost our growth in the future.”

    As part of its expanded collaboration with Envision, Starbucks is prioritizing the creation of a green supply chain network, setting new benchmarks in emissions reduction and industry best practices. Research shows that nearly 70 percent of value chain carbon emissions occur upstream. In response, Starbucks is working closely with suppliers through a carbon reduction alliance to address these challenges collectively, said the company.

    At the heart of its emissions strategy is the adoption of Envision’s digital carbon management system which measures carbon footprints across core operations and supplier networks.

    The system is currently in pilot use and will be rolled out across all direct and key indirect suppliers over the next three years, with the goal of mapping the full carbon footprint of thousands of products and implementing customized carbon reduction pathways.

    The company’s sustainability practices span the entire coffee value chain. In Yunnan province, Starbucks has partnered with farmers on eco-friendly cultivation techniques, while in Kunshan, Jiangsu province, it operates the world’s most energy-efficient production and logistics facility.

    In-store, Starbucks promotes a green lifestyle through initiatives such as biodegradable packaging and its green store certification program. Notably, all green-certified stores in China now operate using 100 percent renewable electricity.

    In September 2023, Starbucks inaugurated its China coffee innovation park in Kunshan, Jiangsu province.

    With an investment of 1.5 billion yuan ($209 million), the facility represents Starbucks’ largest overseas manufacturing investment to date and its most energy-efficient production base globally.

    It marks the successful integration of a vertically aligned, bean-tocup supply chain.

    MIL OSI China News –

  • MIL-OSI China: In pics: 3rd China International Supply Chain Expo in Beijing

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

    Visitors are seen at the booth of China National Offshore Oil Corporation (CNOOC) during the third China International Supply Chain Expo (CISCE) in Beijing, capital of China, July 16, 2025. Themed on “Connecting the World for a Shared Future,” the 2025 CISCE runs from July 16 to 20, gathering more than 650 companies and institutions from 75 countries, regions and international organizations. Overseas exhibitors accounted for 32%  among all, or 3 percentage points higher compared to the previous edition. This year’s event also saw more than 170 visitor delegations from abroad, and over 230 exhibitors here are first-timers. [Photo/Xinhua]

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    MIL OSI China News –

  • MIL-OSI China: China women’s basketball team kicks off Universiade title defense with easy win

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

    The Chinese women’s basketball team, the reigning champion, sealed a lop-sided 88-56 victory over Portugal in its first group match Friday at the FISU World University Games.

    Shooting guard Chen Yujie dished out 19 points for China with efficient 28 minutes on the court, making seven out of nine attempts, including a 3-pointer. Forward Li Xingnuo buried three 3-pointers out of six attempts to add 16 points. Three more Chinese players scored in double-digit points.

    Point guard Ines Ramos had a team-high 14 points from 11 shooting attempts. Forward Eva Carregosa was the only other Portuguese player contributing 10-plus points.

    China opened the game with a 3-0 run, all coming from free throws before Portugal reinforced its attacks to level the score 14-14 with Maria Do Camo Cruz’s field goal. Carregosa’s consecutive five points from a 3-pointer and two free throws gave Portugal a 23-20 lead to wrap up the first quarter.

    Starting strong in the second quarter with an 8-0 spurt, China contained Portugal to just four field goals throughout the quarter and built up a 46-33 advantage into the interval, outscoring Portugal by 26-10 in the period.

    China maintained its momentum back into the court with a 6-0 to start the third quarter. Five straight points from Ramos’ layup and 3-pointer helped Portugal narrow the deficit to 56-40, but a follow-up 3-pointer from Li Qingyang and a buzzer-beater from Zhang Zihan handed China an 18-point lead. The game went into the final period by 61-43.

    The final quarter was left to substitutes for both teams and the match ended with 88-56.

    China grabbed a total of 42 rebounds, 16 more than their opponents, which partly defined the direction of the game.

    “We met Portugal at the Chengdu Universiade in 2023, so we somehow know their style,” said Chinese coach Zhao Xuetong, a basketball trainer from Beijing Normal University, where most of the Chinese players come.

    “We are the (Universiade) titleholder, but the squad here is much different, and some top players called up two years ago are absent. Hopefully, we can play better and finish our campaign here on podium.”

    In the other match in Group D, Romania snatched a narrow win of 64-60 over Chile. China will meet Romania and Portugal is to take on Chile on Saturday.

    MIL OSI China News –

  • MIL-OSI China: China to get tough on rare metals theft

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

    This photo taken on Feb. 13, 2023 shows a factory of JL MAG Rare Earth (Baotou) Co., Ltd. in Baotou, north China’s Inner Mongolia Autonomous Region. [Photo/Xinhua]

    With the disclosure of several cases where foreign spies stole rare earth elements from China, the Ministry of State Security announced on Friday that it will take action to prevent and combat sabotage and theft activities targeting key mineral resources by foreign espionage agencies.

    The ministry released details of the cases via its official WeChat account, showing that foreign espionage agencies and their agents have attempted to collaborate with domestic criminals to use delivery services to steal rare earth-related items over the past few years, posing a significant threat to national security.

    “Since rare earth-related items have both military and civilian applications and are considered strategic national resources, China has adopted internationally recognized practices and implemented export controls on these items in accordance with the law,” the ministry explained in the release.

    In one disclosed case, a country that cannot independently produce or refine rare metals has been stockpiling them through various methods to secure a stable domestic supply. Investigations found that contractors from this country swapped packaging and forged non-China origin labels before transshipping the items back to their country.

    The contractors also used various methods to illegally export China’s rare earths and other controlled items, including false reporting of contents and components, misrepresenting product names, sending small quantities in multiple express shipments and switching transportation channels.

    The ministry stated that once concrete evidence was confirmed, the national security authorities, along with relevant departments, took action in accordance with the law to cut off the illegal export channels, thus safeguarding China’s resources and national security.

    China currently ranks among the top countries in the world in terms of rare earth reserves, production, consumption and exports, the ministry noted, adding that some countries are highly concerned about China’s supply of rare earth-related items and are employing various methods to steal them.

    It pointed out that foreign spies primarily steal China’s rare earth elements by misreporting product names. These items are concealed as non-controlled goods and smuggled out of the country through delivery channels. For instance, high-purity rare earths, such as dysprosium and terbium, were declared as low-value products like ferrous alloys, nickel powder or other ordinary goods to evade export controls.

    Chinese authorities also found that foreign espionage agencies and their agents attempted to instruct domestic criminals to hide undeclared rare earth-related items within other properly declared goods or means of transportation. For example, rare earth powder was mixed with ceramic raw materials, poured into plastic molds or bottled water containers.

    To address the problems, since the beginning of this year, China has strengthened its control over rare earth exports and taken strong measures to combat smuggling, according to the ministry.

    Despite such high pressure, it said, some overseas entities still colluded with domestic criminals and continued to find new methods of exports smuggling in an attempt to evade crackdowns.

    It emphasized that combating the smuggling and illegal export of strategic minerals has become an urgent and critical task, calling on all departments to focus on the strategic mineral sector, strengthen source control and form a joint effort to combat illegal activities.

    The Ministry of Commerce has stated that China’s implementation of export controls on relevant items reflects the responsible stance of the Chinese government as a major power.

    On June 19, a spokesperson for the Ministry of Commerce also said that China is accelerating the review of rare earth-related export license applications in accordance with the law and regulations. A certain number of compliant applications have already been approved, and the process for approving further compliant applications will be strengthened.

    MIL OSI China News –

  • MIL-OSI China: CPC delegation visits Laos to strengthen ties

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

    Chen Zhou, deputy head of the International Department of the Communist Party of China (CPC) Central Committee, led a CPC delegation to visit Laos from Wednesday to Friday at the invitation of the Lao People’s Revolutionary Party.

    During the visit, Chen met with Thongloun Sisoulith, general secretary of the Lao People’s Revolutionary Party Central Committee and Lao president, and Bounleua Phandanouvong, acting head of the LPRP Central Committee’s Commission for External Relations. He also held brief discussions with leaders from various Lao Party and government departments.

    The two sides exchanged views on the relations between the two parties and the two countries, as well as issues of common concern. They agreed to follow the important consensus reached by the top leaders of both parties and countries, enhance strategic mutual trust, deepen interparty exchanges, expand pragmatic cooperation, promote the steady and long-term development of the China-Laos community with a shared future, and make positive contributions to maintaining regional peace and development.

    MIL OSI China News –

  • MIL-OSI China: Smart mobility tech transforming global supply chains, experts say

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

    A panel titled “Embracing the Era of Comprehensive Intelligent Transportation” is held during the third China International Supply Chain Expo in Beijing, July 17, 2025. [Photo by Xu Xiaoxuan/China.org.cn]

    Smart mobility technology is transforming global supply chain operations, industry experts said Thursday during a panel titled “Embracing the Era of Comprehensive Intelligent Transportation” at the ongoing third China International Supply Chain Expo (CISCE).

    Nie Wenhui, vice chairman of the China Council for the Promotion of International Trade (CCPIT), underscored transportation’s role as the backbone of economic activity and a vital link in global commerce, vital for industrial and supply chain stability. He noted that the integration of emerging industries — including next-generation information technology, artificial intelligence (AI) and new energy — with transportation is reshaping global competitiveness.

    “This year’s CISCE continues to feature an intelligent vehicle exhibition area, which aims to better connect upstream and downstream segments, encourage cooperation between large and small enterprises, and promote collaboration across industry, academia, research and application, both in China and globally,” Nie said.

    David Muls, senior director of the Madrid Registry Division at the World Intellectual Property Organization, said Chinese manufacturers have evolved from technology followers to innovation leaders, particularly in battery technology, connected vehicle systems and manufacturing efficiency.

    He noted that Chinese electric vehicle (EV) makers are rapidly expanding into markets across Europe, Southeast Asia, Latin America and beyond. This global footprint reflects not only China’s commercial ambition but also its growing technological confidence, he said. He emphasized that China’s EV sector achievements are a result of global supply chains and international innovation partnerships rather than isolated national efforts.

    Zhou Weidong, president of the CCPIT Machinery Sub-Council, called the expo “not just a showcase platform but also a catalyst for global industrial collaboration.” Looking ahead to fully intelligent transportation, he outlined three crucial areas for deeper international cooperation.

    First, Zhou called for shared global standards, urging countries to dismantle technological barriers and promote mutual recognition in algorithms, vehicle-road coordination agreements and data security. He also called for establishing green supply chain partnerships, encouraging joint efforts in battery recycling and sustainable logistics. Finally, he pointed to China’s county-level markets as an untapped opportunity. These areas, Zhou noted, hold 74% of the country’s motor vehicles but have limited public transportation services. Zhou suggested that connected vehicle technologies could unlock a market worth hundreds of billions of yuan, creating opportunities for global enterprises.

    Habib Turki, chief development officer of the Federation Internationale de l’Automobile, highlighted motorsports’ role in enhancing global visibility for automotive brands. He said Chinese companies now deliver performance comparable to premium manufacturers like Ferrari and Aston Martin, with motorsports serving as both testing grounds for R&D and channels for building brand recognition.

    The event also featured two expert panels. One examined how AI is reshaping smart transportation supply chains, while the other explored intellectual property’s role in automotive sector expansion.

    MIL OSI China News –

  • MIL-OSI China: China reports steady progress in agricultural green development

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

    A worker removes Pachira aquatica leaves in a greenhouse at a Pachira aquatica industry demonstration zone of Hepu county in Beihai city, south China’s Guangxi Zhuang Autonomous Region, March 19, 2024. [Photo/Xinhua]

    China’s agriculture sector has achieved steady progress in green development, according to the China Agricultural Green Development Report 2024, which was released at a conference in Beijing on Friday.

    The report was released by the Chinese Academy of Agricultural Sciences (CAAS) and the China Agricultural Green Development Research Society. It provides crucial support and reference for the further implementation of the country’s green development concepts, and facilitates the high-quality development of agriculture and rural areas characterized by ecological priority level, resource efficiency and green, low-carbon practices, according to Huang Sanwen, president of CAAS and an academician of the Chinese Academy of Sciences, at the conference.

    Significant progress was seen across multiple areas in 2024, the report shows. China continuously enhanced the quality and efficiency of its high-standard farmland construction while strengthening the ecological protection and pollution control of existing farmland, resulting in over 80 million mu (about 5.33 million hectares) of high-standard farmland being built or upgraded in 2024.

    China advanced its third national soil survey last year, completing the collection of over 2.87 million sampling points and 3.11 million samples, according to the report.

    It also improved its biological agricultural resource protection management system. The national agricultural germplasm resources census in 2024 revealed the permanent preservation of 580,000 crop germplasm resources, 1.4 million livestock and poultry genetic materials, and 270,000 strains of microbial agricultural resources.

    Sustained reductions of chemical inputs were achieved through strengthened actions. According to the report, China’s application of chemical fertilizers totaled 49.88 million tonnes in 2024 — a 5% decrease from 2020. Pesticide use in crop farming amounted to 242,000 tonnes (100% purity), maintaining a downward trend for an eighth consecutive year.

    Mechanization levels continued to rise, with the comprehensive mechanization rate of crop cultivation, planting and harvesting exceeding 75% nationally, the report shows.

    It also reveals a robust increase in farming incomes. The per capita disposable income of rural residents was 23,119 yuan (about $3,220) in 2024, which was up 6.3% year on year in real terms — 1.9 percentage points higher than the growth rate among urban residents.

    Progress was also made in digital resource management. China advanced the systematic digital management of its agricultural resources and strengthened its capacity to support long-term, fixed observation experiment stations for its green agricultural development, according to the report.

    MIL OSI China News –

  • MIL-OSI China: Highlights of commerce minister’s news conference

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

    China will intensify efforts to advance high-quality trade development, deepen international cooperation and bolster innovation to further boost exports during the 15th Five-Year Plan (2026-30) period, the country’s top commerce official said on Friday.

    Speaking at a news conference in Beijing, Commerce Minister Wang Wentao said these measures will foster an open, cooperative and mutually beneficial global trading landscape that promotes shared development.

    Here are highlights from the news conference:

    China-US business ties

    In essence, China-US economic and trade relations benefit both sides and bring win-win outcomes. Cooperation is the only correct path. Bilateral trade and investment have also created a substantial number of jobs in both countries.

    Facts have proven that through fair, mutually respectful dialogue and consultation, China and the United States are fully capable of properly managing differences and working to address frictions to achieve mutually beneficial outcomes.

    As the world’s two largest economies, China and the United States share a responsibility to inject greater certainty and stability into global economic prosperity and development.

    Consumption

    Consumption has contributed around 60 percent on average annually to China’s economic growth over the past four years, and the role of consumption as the economy’s main engine has continued to strengthen.

    Trade-in programs

    Sales revenue under trade-in programs in China has surpassed 2.9 trillion yuan ($405.6 billion) as of end-June.

    Future direction

    Looking ahead to the 15th Five-Year Plan period (2026-30), the fundamentals of China’s long-term economic growth remain unchanged, along with the strong potential, resilience and vitality of its consumer market.

    Boosting imports

    China’s vast market has become a shared market for the world and will continue to serve as a source of global economic growth and vitality. As we open wider to the world, we are not only attracting foreign investment, but also expanding imports.

    ODI

    China’s outbound direct investment grew at an average annual rate of over 5 percent over the past four years, ranking it among the world’s top three global investors.

    MIL OSI China News –

  • MIL-OSI China: China pledges efforts to regulate NEV market competition

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

    BEIJING, July 18 — Chinese authorities on Friday held a meeting with new energy vehicle (NEV) industry players on regulating market competition.

    The meeting was held by the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the State Administration for Market Regulation. It urged efforts to promote lawful, fair, honest, proper and well-ordered competition in the sector.

    The country will implement measures to monitor product pricing, conduct product conformity inspections, and shorten payment terms for suppliers, according to a statement issued after the meeting.

    Authorities also pledged to fast-track industry standards for NEV power consumption limits and battery recycling safety, which they said would be aligned with the establishment of regular communication channels to solicit suggestions from and address the concerns of NEV manufacturers.

    MIL OSI China News –

  • MIL-OSI China: China’s top financial regulator pledges strengthened support for economic growth

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

    BEIJING, July 18 — China’s top financial regulator on Friday pledged strengthened support for economic growth and the achievement of the country’s full-year economic and social development goals in 2025.

    In a statement on its website, the National Financial Regulatory Administration said that it will enhance financial support for high-quality urban development and the implementation of consumption-boosting initiatives.

    Measures will also be taken to boost support for effective investment and financing, improve financial services to stabilize businesses and foreign trade, and step up support for the development of new quality productive forces, according to the statement.

    The administration called for the coordination of work to guard against risks, strengthen regulation and promote high-quality development, and the prevention and defusion of risks in key sectors.

    MIL OSI China News –

  • MIL-OSI USA: Rosen Presses Trump Administration to Release Federal Funding to Fight Fentanyl Overdoses

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)
    WASHINGTON, DC – Today, U.S. Senator Jacky Rosen (D-NV) released a statement following reports that the Trump Administration is withholding $140 million to combat the fentanyl crisis, jeopardizing critical funding for programs aimed at saving lives and reducing opioid overdoses across 49 states, including Nevada. The Overdose Data to Action Program through the Centers for Disease Control and Prevention provides funding for the Southern Nevada Health District and the Nevada Department of Health and Human Services to help fight drug overdoses. 
    “It’s incomprehensible that the Trump Administration is withholding critical federal funding to fight the fentanyl crisis in Nevada and all across the nation. This is a dangerous move that puts lives and communities at risk,” said Senator Rosen. “Instead of fighting the fentanyl epidemic, Donald Trump is undermining public health efforts and abandoning the very people who are working on the front lines to stop overdoses. I call on the Trump Administration to release these funds immediately.”
    Senator Rosen has consistently worked across party lines to fight the fentanyl crisis and combat fentanyl trafficking into the U.S. Senator Rosen introduced the Stop Smuggling Illicit Synthetic Drugs on U.S. Transportation Networks Act to establish a national strategy and deploy detection technologies at ports of entry to intercept fentanyl coming across the border. Her bipartisan FEND Off Fentanyl Act, which sanctions international fentanyl trafficking networks—including Mexican cartels and chemical suppliers in China—was signed into law last year. Senator Rosen has also helped introduce the bipartisan END FENTANYL Act, which mandates that U.S. Customs and Border Protection update its drug interdiction policies every three years to stay ahead of evolving smuggling tactics. 

    MIL OSI USA News –

  • MIL-OSI: Origin Investment Corp I Announces Full Exercise and Closing of the Over-Allotment Option in Connection with its Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 18, 2025 (GLOBE NEWSWIRE) — Origin Investment Corp I (the “Company”), a newly organized special purpose acquisition company, today announced that, the underwriters of its recently completed initial public offering of units, which closed on July 3, 2025, have exercised in full their option to purchase an additional 900,000 units. The additional units were sold at a price to the public of $10.00, before underwriting discounts. The issuance and sale of these additional units closed today.

    ThinkEquity acted as the sole book-running manager for the offering.

    A registration statement on Form S-1 (File No. 333-284189) relating to the units was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov.

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

    About Origin Investment Corp I

    The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.

    Contact:
    Edward Chang, CEO
    +65 7825-5768
    eychang@originequity.partners

    The MIL Network –

  • MIL-OSI: Origin Investment Corp I Announces Full Exercise and Closing of the Over-Allotment Option in Connection with its Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 18, 2025 (GLOBE NEWSWIRE) — Origin Investment Corp I (the “Company”), a newly organized special purpose acquisition company, today announced that, the underwriters of its recently completed initial public offering of units, which closed on July 3, 2025, have exercised in full their option to purchase an additional 900,000 units. The additional units were sold at a price to the public of $10.00, before underwriting discounts. The issuance and sale of these additional units closed today.

    ThinkEquity acted as the sole book-running manager for the offering.

    A registration statement on Form S-1 (File No. 333-284189) relating to the units was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov.

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

    About Origin Investment Corp I

    The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.

    Contact:
    Edward Chang, CEO
    +65 7825-5768
    eychang@originequity.partners

    The MIL Network –

  • MIL-OSI USA: Legislation considered under suspension of the Rules of the House of Representatives during the week of July 21, 2025

    Source: US Congressional Budget Office

    The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. Under suspension, floor debate is limited, all floor amendments are prohibited, points of order against the bill are waived, and final passage requires a two-thirds majority vote.

    At the request of the Majority Leader and the House Committee on the Budget, CBO estimates the effects of those bills on direct spending and revenues. CBO has limited time to review the legislation before consideration. Although it is possible in most cases to determine whether the legislation would affect direct spending or revenues, time may be insufficient to estimate the magnitude of those effects. If CBO has prepared estimates for similar or identical legislation, a more detailed assessment of budgetary effects, including effects on spending subject to appropriation, may be included.

    CBO’s estimates of the bills that have been posted for possible consideration under suspension of the rules during the week of July 21, 2025, include:

    • H.R. 131, Finish the Arkansas Valley Conduit Act, as amended
    • H.R. 183, Law Enforcement Officer Recreation Pass Act, as amended
    • H.R. 672, To establish new ZIP Codes for certain communities, and for other purposes, as amended
    • H.R. 1043, La Paz County Solar Energy and Job Creation Act
    • H.R. 1450, OFAC Licensure for Investigators Act
    • H.R. 1469, Senior Security Act of 2025, as amended
    • H.R. 1549, China Financial Threat Mitigation Act of 2025, as amended
    • H.R. 1716, Taiwan Conflict Deterrence Act of 2025, as amended
    • H.R.1764, Aligning SEC Regulations for the World Bank’s International Development Association Act, as amended
    • H.R. 1917, Great Lakes Mass Marking Program Act of 2025, as amended
    • H.R. 2170, To name the Department of Veterans Affairs community-based outpatient clinic in Toms River, New Jersey, the Leonard G. ‘Bud’ Lomell, VA Clinic, and for other purposes
    • H.R. 2384, Financial Technology Protection Act, as amended
    • H.R. 2625, VERY Act of 2025
    • H.R. 3095, To direct the United States Postal Service to designate single, unique ZIP Codes for certain communities, and for other purposes, as amended
    • H.R. 3339, Equal Opportunity for All Investors Act of 2025, as amended
    • H.R. 3343, Greenlighting Growth Act, as amended
    • H.R. 3351, Improving Access to Small Business Information Act, as amended
    • H.R. 3357, Enhancing Multi-Class Share Disclosures Act, as amended
    • H.R. 3382, Small Entity Update Act, as amended
    • H.R. 3395, Middle Market IPO Underwriting Cost Act, as amended
    • H.R. 3937, Wabeno Economic Development Act, as amended
    • H.R. 4275, Coast Guard Authorization Act of 2025, as amended
    • S. 201, ACES Act
    • S. 423, PRO Veterans Act of 2025

    MIL OSI USA News –

  • MIL-OSI Security: Repeat offender sentenced to 20 years in prison for trafficking narcotics and laundering the proceeds

    Source: Office of United States Attorneys

    ALEXANDRIA, Va. – A Connecticut man was sentenced today to 20 years in prison for conspiracy to distribute 50 grams or more of methamphetamine, conspiracy to import GBL with intent to manufacture GHB, and concealment money laundering.

    In May 2024, investigators learned that Hatem S. Salem, 56, was importing quantities of GBL, a precursor for the “date-rape” drug GHB, into Virginia from China. From August 2024 through January 2025, law enforcement conducted five controlled purchases of various controlled substances, including cocaine, ketamine, MDMA, and over 100 grams of meth from Salem.

    On Jan. 30, investigators searched Salem’s residence in Shelton, Connecticut. Agents recovered 151 grams of meth, 626 grams of cocaine, various quantities of Ketamine, MDMA, and LSD, bottles containing GBL and GHB, and 157 boxes containing nearly 1,200 liters of suspected GBL in Salem’s basement. As part of his guilty plea, Salem admitted that over 2,000 liters of GBL was involved in the importation conspiracy.  Investigators also discovered a clandestine lab in Salem’s shed that contained substances and equipment for manufacturing GHB. A financial investigation revealed that Salem used various methods, such as convoluted transactions between business and personal bank accounts, to conceal or disguise the proceeds from his drug conspiracy. Investigators seized assets constituting proceeds of Salem’s drug trafficking conspiracy and property involved in money laundering, including approximately $370,000 in cash and $171,500 in cryptocurrency.

    Salem has several prior federal narcotics-related convictions. In 1999, Salem was convicted for conspiracy to distribute anabolic steroids, distribution of anabolic steroids, and making false statements. In 2005, Salem was convicted for distribution of GBL and GHB while he was on probation for his 1999 conviction. In 2015, Salem was convicted for unlawful importation of GBL with intent to manufacture GHB.

    Erik S. Siebert, U.S. Attorney for the Eastern District of Virginia; Christopher Heck, Acting Special Agent in Charge of Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) Washington, D.C.; and Kevin Davis, Fairfax County Chief of Police, made the announcement after sentencing by Senior U.S. District Judge Claude M. Hilton.

    Special Assistant U.S. Attorney Lauren Hahn and Assistant U.S. Attorney Annie Zanobini prosecuted the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 1:25-cr-105.

    MIL Security OSI –

  • MIL-OSI USA: Issa Introduces Legislation to Ban Foreign Purchase of American Land

    Source: United States House of Representatives – Congressman Darrell Issa (CA-50)

    WASHINGTON– Congressman Darrell Issa (CA-48) has introduced H.R. 4454 – the Safeguarding Invaluable Land (SOIL) Act – legislation to prohibit China, Russia, Iran, and North Korea from purchasing land within 10 miles of sensitive U.S. agencies and strategic sites, including military bases and federally funded research labs. 

    “Our country has a clear and compelling interest in preventing our adversaries from controlling property near the most sensitive and strategic sites in the American homeland,” said Rep. Issa. “The risks to national security are manifestly obvious, and we must move swiftly as a Congress and as a nation to counteract the spying and surveillance that is enabled when we allow our most hostile adversaries a foothold on American soil.” 

    Currently, affiliates and entities of the Chinese Communist Party (CCP) own 384,000 acres of American agricultural land, a 30 percent increase since 2019 and more than $80 million in CCP-backed investments than 10 years ago. 

    Cosponsors of the SOIL Act include Congressman Doug LaMalfa (CA-01), Congressman Ben Cline (VA-06), Congressman Glenn Grothman (WI-06), Congressman Rudy Yakym (IN-02), and Congresswoman Harriet Hageman (WY-At Large).

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    MIL OSI USA News –

  • MIL-OSI United Nations: Secretary-General Announces Members of Independent Scientific Panel on Effects of Nuclear War

    Source: United Nations General Assembly and Security Council

    NEW YORK, 18 July (United Nations Office for Disarmament Affairs) — On 17 July, United Nations Secretary-General António Guterres announced the appointment of an independent scientific panel of experts tasked with examining the physical effects and societal consequences of a nuclear war on a local, regional and planetary scale in the days, weeks and decades following a nuclear war.

    The panel was established pursuant to General Assembly resolution 79/238, titled “Nuclear War Effects and Scientific Research”, and is mandated to examine “the physical effects and societal consequences” of a nuclear war “on a local, regional and planetary scale, including, inter alia, the climatic, environmental and radiological effects, and their impacts on public health, global socioeconomic systems, agriculture and ecosystems, in the days, weeks and decades following a nuclear war”.

    The panel is tasked with publishing a comprehensive report on these matters, making key conclusions, and identifying areas requiring future research.  The report will be considered by the UN General Assembly at its eighty-second session in 2027.

    The last cross-sectional United Nations study of this kind was undertaken almost four decades ago in 1988 (Study on the Climatic and Other Global Effects of Nuclear War, United Nations publication, Sales No. E.89.IX.1).

    The panel consists of 21 members drawn from a range of scientific fields, including:  nuclear and radiation studies; atmospheric sciences and climate; environment and environmental studies; agriculture, biology and life sciences; public health and medicine; and behavioural and social sciences and applied economics.

    As mandated by resolution 79/238, the Secretary-General selected members of the panel based on “their leading scientific expertise across relevant disciplines, while ensuring impartiality, and equitable geographical and gender balance”.  In selecting the panel, the Secretary-General drew on the expertise and recommendations of relevant agencies from the United Nations system.

    The panel will engage the widest possible range of stakeholders, including international and regional organizations, the International Committee of the Red Cross, civil society, affected communities, and peoples from around the world, in order to understand local, regional and global perspectives on the effects of nuclear war.  Member States, relevant international and regional organizations and others are encouraged to support the panel’s work.

    The independent Scientific Panel on the Effects of Nuclear War will consist of the following 21 members, each participating in their personal capacity:

    Arlene Alves dos Reis, Head, Division of Dosimetry at the Brazilian Nuclear Energy Commission (CNEN);

    Ana María Cetto Kramis, former Deputy Director General, International Atomic Energy Agency (IAEA).  Full research professor at the Physics Institute of the National Autonomous University of Mexico (UNAM).  Founder and current holder of the United Nations Educational, Scientific and Cultural Organization (UNESCO) Chair on Science Diplomacy and Heritage at UNAM;

    Manvendra K. Dubey, Senior Scientist and Fellow, Earth Systems Observations, Los Alamos National Laboratory (LANL);

    Friederike Renate Friess, Senior Scientist, BOKU University, Department of Landscape, Water and Infrastructure, Institute of Safety and Risk Sciences;

    Abel Gonzalez, Senior Adviser to the Argentina Nuclear Regulatory Authority, Olenum member of the National Academy of Sciences of Buenos Aires, the Argentine Academy of Environmental Sciences, the Argentine Academy of the Seas, and the International Nuclear Energy Academy;

    Md Ahsan Habib, Professor at the Department of Chemistry, University of Dhaka, Fellow, Chinese Academy of Sciences;

    Andrew Haines, Professor of Environmental Change and Public Health, London School of Hygiene and Tropical Medicine (LSHTM), Co-Director World Health Organization (WHO) Collaborating Centre on Climate Change, Sustainable Development and Health;

    Gi Hoon Hong, former President and Research Professor, Korea Institute of Ocean Science and Technology;

    Togzhan Kassenova, Senior Fellow, Center for Policy Research, University at Albany, State University of New York, former member of the Secretary-General’s Advisory Board on Disarmament Matters (ABDM);

    Ausrele Kesminiene-Suonio, Senior Visiting Scientist, Environment and Lifestyle Epidemiology Branch, International Agency for Research on Cancer (IARC/WHO), former head of the Lithuanian Chernobyl Medical Centre;

    Peter Klimek, Director of the Supply Chain Intelligence Institute, Austria, Associate Professor, Section for Science of Complex Systems, Medical University of Vienna;

    Karina Meredith, Director of Environment Research and Technology at Australian Nuclear Science and Technology Organisation (ANSTO), Adjunct Professor in the Biological, Earth and Environmental Sciences school at University of New South Wales;

    Thobela Nkukwana, Senior Lecturer, University of Pretoria, Sub-editor for the South African Journal of Animal Sciences, Editorial Board member and Sub-editor of Welwitschia International Journal of Agricultural Sciences;

    Sébastien Philippe, research scholar at the Princeton University Program on Science and Global Security, member of the Scientific Advisory Group of the Treaty on the Prohibition of Nuclear Weapons;

    Laura Revell, Associate Professor in Atmospheric Chemistry at the University of Canterbury, member of the UN Environment Programme (UNEP) Environmental Effects Assessment Panel (EEAP) panel;

    Neil Rowan, Professor, Faculty of Science and Technological Health, University of the Shannon, Adjunct Professor to the School of Medicine, Nursing and Biomedical Science at the University of Galway;

    Rabia Sa’id, Professor of atmospheric and space-weather physics and a researcher at Bayero University Kano, Co-founder of Nigeria’s Association of Women Physicists;

    Georgiy L. Stenchikov, Professor Emeritus at King Abdullah University of Science and Technology, Professor of Earth Sciences, Division of Physical Sciences and Engineering, Earth Sciences and Engineering Program, King Abdullah University of Science and Technology;

    Masao Tomonaga, Emeritus Director, Atomic Bomb Hospital, former Director of the Japanese Red Cross Nagasaki Atomic Bomb (Genbaku) Hospital, President of Nagasaki Prefecture Hibakusha Association and current President of IPPNW Nagasaki Branch.  A hibakusha from Nagasaki;

    Hüseyin Yalçinkaya, Anakara University Institute of Medical Sciences, Department of Animal Nutrition and Nutritional Diseases, Veterinary Officer at the Turkish Directorate General for Food and Control/Department of Border Control for Animal and Animal Products; and

    Zhao Wuwen, Professor at the Center for Strategic Studies, China Academy of Engineering Physics.

    Questions regarding the panel can be addressed to:  nweffectspanel@un.org.

    MIL OSI United Nations News –

  • MIL-OSI Canada: Federal, Provincial and Territorial Ministers of Agriculture meet to help strengthen the resilience and competitiveness of the sector

    Source: Government of Canada News

    July 18, 2025 – Ottawa, Ontario

    Yesterday, federal, provincial and territorial (FPT) Ministers of Agriculture met virtually to discuss ways to support a more resilient and competitive agriculture sector and food supply chains that make up Canada’s agri-food landscape. Ministers discussed possible measures to support the hard-working producers and processors across Canada to address the emerging challenges related to international trade and the potential opportunities that could be created by increased interprovincial trade.

    Ministers reiterated their commitment to enhancing the effectiveness of business risk management (BRM) programs. Due to the uncertain trade environment and unfavourable climate conditions in parts of the country, Ministers agreed to take the necessary steps to implement a package of enhancements to the AgriStability program. For the 2025 program year only, the compensation rate will be increased from 80% to 90% and the maximum payment limit will be increased from $3 million to $6 million. These changes are meant to help producers manage the risks they face. In addition, for AgriStability, starting in the 2026 program year, provinces and territories will have the option to use a new inventory valuation method for inventories destined to be used on-farm. Ministers agreed to seek the necessary approvals to include feed costs associated with rented pasture as an allowable expense in advance of the 2026 program year, report back on progress at the September annual meeting and to continue a review of AgriStability allowable expenses.

    FPT Ministers are working together to increase interprovincial trade of food. Ministers discussed a variety of options, including ways to remove barriers to internal food trade and identify new trade opportunities. Ministers also discussed enhanced client service support from the Canadian Food Inspection Agency (CFIA) for small to medium-sized businesses wishing to market food products across Canada under a federal food licence, increasing slaughter capacity where possible in regions with restricted access to services, and allowing interprovincial trade of low-risk manufactured foods without a federal licence. These ideas will be informed by the 2 ongoing pilots on meat trade and slaughter that are being accelerated. These initiatives aim to support business growth and improve market access, while maintaining Canada’s robust food safety system.

    FPT Ministers highlighted the critical importance of joint efforts across governments to maintain, expand and diversify international market access. In support of this work, Ministers discussed the federal Indo-Pacific Agriculture and Agri-Food Office and other resources in the region. Ministers also emphasized the importance of engaging with China at the highest level, to improve the overall trade relationship and to remove Chinese tariffs on Canadian agriculture and seafood products. Ministers also underscored the benefits of existing trade agreements and emphasized the importance of considering the impact of tariffs on businesses.

    The annual conference of FPT Ministers of Agriculture will take place in-person in Winnipeg, Manitoba September 7 to 9, 2025. 

    MIL OSI Canada News –

  • MIL-OSI Russia: Georgia’s ruling party condemns Western pressure and stresses country’s independent foreign policy

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    TBILISI, July 18 (Xinhua) — Georgian Dream Party Chairman and Prime Minister Irakli Kobakhidze on Friday made an official statement on behalf of the party’s political council, expressing concern over the hostile campaign against Georgia.

    He stressed that unfair treatment of the Georgian government was noted after the start of the war in Ukraine. The reason for this, according to the authors of the statement, was the decision of the Georgian government not to interfere in the war and not to open a second front against Russia.

    The statement said that because of this, the United States terminated the strategic partnership agreement signed with Georgia and imposed sanctions against the founder and honorary chairman of the Georgian Dream party, Bidzina Ivanishvili, on charges of ties to Russia.

    As stated in the document, in recent weeks the European Parliament has adopted a number of resolutions condemning Georgia’s domestic policies, and measures to suspend the visa-free regime and trade agreements with the European Union are also being discussed.

    I. Kobakhidze called these actions a “hostile campaign” aimed at supporting the opposition and changing power in the country.

    The Georgian Dream party reiterated its commitment to peace, stability and the protection of the country’s sovereignty. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: German Chancellor Calls Situation in Gaza ‘Unacceptable’

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BERLIN, July 18 (Xinhua) — German Chancellor Friedrich Merz on Friday called the current situation in the Gaza Strip “unacceptable,” calling for an immediate ceasefire and comprehensive humanitarian aid to the local population.

    Speaking at a press conference in Berlin, F. Merz said that Germany, together with its partners, is working in close coordination to resolve the conflict in Gaza.

    The Chancellor stressed that Germany clearly states its position on certain developments in Israel, including the policy of building settlements in the West Bank, which “does not find approval in the German government.”

    According to a statement from the German federal government, Merz expressed hope for a speedy ceasefire in the Gaza Strip in a telephone conversation with Israeli Prime Minister Benjamin Netanyahu on Friday.

    F. Merz said that urgently needed humanitarian aid must be delivered to the residents of the Gaza Strip in a safe and humane manner.

    According to the statement, the German Chancellor also stressed that there should be no steps towards annexation of the West Bank. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: G20 finance ministers and central bank governors agree to strengthen multilateralism

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    JOHANNESBURG, July 18 (Xinhua) — A two-day meeting of G20 finance ministers and central bank governors concluded in Durban, South Africa on Friday, with participants agreeing to strengthen multilateral cooperation to address existing and emerging risks to the global economy, according to a joint communique issued after the meeting.

    According to the communique, G20 officials discussed global challenges such as conflicts, geopolitical and trade tensions, disruptions to global supply chains, high debt levels, and frequent extreme weather events and natural disasters.

    The document notes that the officials reaffirmed their commitment to global economic cooperation despite difficult negotiations. “It was not easy in the current environment,” said South African Finance Minister Enoch Godongwana, commenting on the negotiations that allowed the ministers to reach an agreement and sign the communiqué.

    “There was a renewed commitment to strengthen multilateral cooperation to address existing and emerging risks to the global economy and to recognise the importance of the World Trade Organisation (WTO) in advancing trade issues and agreed rules in the WTO,” the South African Treasury Department said in a statement.

    The statement said the G20 ministers and central bankers agreed that the WTO requires comprehensive reform to improve all its functions through innovative approaches to meet and respond to modern realities. They noted that developing countries face high levels of debt and debt servicing costs that need to be addressed.

    “The G20 members expressed their commitment to addressing the debt vulnerability of low- and middle-income countries and reaffirmed their intention to strengthen the implementation of the G20 Common Principles. They also stressed the need to enhance the role and voice of developing countries in decision-making in multilateral development banks and other international financial and economic institutions,” the South African Treasury said in a statement. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Russia withdrew from military-technical cooperation agreement with Germany

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    Moscow, July 18 /Xinhua/ — Russian Prime Minister Mikhail Mishustin has ordered the termination of an agreement with the German government on military-technical cooperation.

    The government order of July 15, 2025 was posted on the official legal information portal. The Russian Foreign Ministry was instructed to notify the German side of the decision taken.

    On June 19, the Russian Foreign Ministry announced that Moscow intends to withdraw from the military cooperation agreement with Berlin. It is specified that in the current situation, given the anti-Russian attitude of Germany, the agreement has lost its meaning and practical significance.

    The agreement was signed in 1996. Moscow and Berlin then agreed that they would promote military-technical cooperation between Russian and German enterprises, organizations and departments. –0–

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  • MIL-OSI Russia: UK joins new EU sanctions against Russia

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    LONDON, July 18 (Xinhua) — Britain on Friday joined the European Union’s new round of sanctions against Russia.

    The UK and the EU announced on Friday a cut in the crude oil price ceiling from $60 to $47.60 per barrel, which would “directly hit Russia’s oil export revenues,” the UK Foreign, Commonwealth and Development Office said in a statement.

    The statement added that the UK and the EU were “acting in full coordination” to increase economic pressure on Russia.

    On Friday, the European Union approved a new package of sanctions against Russia, including a provision to lower the price ceiling for Russian oil supplied to third countries, as well as measures to ensure that the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea cannot resume operation.

    On the same day, Russian Deputy Foreign Minister Alexander Grushko stated that Russia does not rule out retaliatory measures after analyzing the 18th package of EU sanctions.

    “Of course, we will analyze their impact on our economy. If necessary, we will take measures that would ensure our interests. And some countermeasures are also possible,” the diplomat told the TASS news agency. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

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  • MIL-OSI Russia: Chinese authorities have promised to take measures to regulate the NEV market

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 18 (Xinhua) — Chinese authorities on Friday held a meeting with representatives of the new energy vehicle (NEV) industry to regulate market competition in the sector.

    The meeting was hosted by the Ministry of Industry and Information Technology of China, the National Development and Reform Commission and the State Administration for Market Regulation. Participants called for efforts to promote legal, fair, honest, reasonable and orderly competition in the NEV sector.

    A statement released following the event said authorities would advance work on monitoring product prices, supervising and checking product uniformity, and reducing payment terms for suppliers.

    The authorities also promised to speed up the implementation of standards on NEV energy consumption limits and battery reuse safety, and to establish a mechanism for exchanges and consultations with industry enterprises to actively listen to the problems, suggestions, requests and appeals of NEV manufacturers. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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  • MIL-OSI USA: Senator Peters Secures Funding to Strengthen Public Safety, Michigan Manufacturing, and Great Lakes Protections in Appropriations Bill

    US Senate News:

    Source: United States Senator for Michigan Gary Peters

    WASHINGTON, DC – U.S. Senator Gary Peters (MI) helped secure funding in the Fiscal Year 2026 Commerce, Justice, Science and Related Agencies Appropriations Act to fund Michigan priorities, high-impact local projects, and federal programs that support manufacturing, our environment and Great Lakes, public safety, law enforcement, and cutting-edge research.

    “This bipartisan legislation advances critical projects in Michigan and across the country,” said Senator Peters. “The bill makes needed investments to strengthen public safety, support local law enforcement, and boost Michigan’s economic competitiveness. It will also help safeguard our state’s precious natural resources and the Great Lakes for future generations. I’m proud to have helped secure this funding and will keep working to get it across the finish line.”

    Meanwhile, the House of Representatives is considering their own funding bills. The Senate and House will then need to reach an agreement on a final funding bill and have it pass both chambers before being sent to the President to be signed into law.

    The bill includes numerous measures led and supported by Peters, including:

    Strengthening Michigan’s Manufacturing Sector

    Preventing Illegal Trump Administration Cuts to Manufacturing Programs: The bill included language Senator Peters authored to prevent the Department of Commerce from unilaterally defunding or withdrawing contracts from Manufacturing Extension Partnership (MEP) Programs – like the Michigan Manufacturing Technology Center. The bill also includes $175 million for the MEP program despite the Trump Administration’s budget proposal to eliminate it. This program helps small and medium manufacturers grow their business, integrate advanced manufacturing techniques and technology, and works to strengthen our domestic manufacturing supply chain. For every dollar of federal investment, MEP generates $24.60 in new sales growth for manufacturers and $27.50 in new investment. This translates into $4.3 billion in new sales annually. In 2024, the Michigan Manufacturing Tech Center estimated they helped 584 businesses produce over $150 million in sales growth and over $100 million in investments. For every $1 of a company’s investment, the Center returns $18 in financial returns.

    Addressing Unfair Chinese Trade Practices: Peters secured language in the bill recognizing that non-allied nations like China are becoming large global exporters of electric vehicles and underscoring a concern that these electric vehicles will soon flood the U.S. market. Some Chinese motor vehicle producers are seeking to establish manufacturing plants in Mexico and other strategic locations to sidestep U.S. tariffs. Peters’ provision in the bill directs the U.S. Trade Representative (USTR), in consultation with other relevant departments and agencies, to examine non-allied nations’ non-market policies and practices related to electric vehicles, including policies that prevent U.S auto manufacturers from competing in their markets on a level playing field.

    USMCA: In the summer of 2026, the United States’ trade agreement with Mexico and Canada will undergo a mandatory review period. Peters secured language directing the Office of the United States Trade Representative to pursue changes to the agreement that will improve the agreement’s labor standards, prevent China from taking advantage of it, and onshore more manufacturing jobs throughout the United States, including Michigan.

    National Institute of Standards and Technology (NIST): The bill invests heavily in the National Institute of Standards and Technology. These resources will help NIST advance research in cutting-edge fields like carbon dioxide removal, artificial intelligence, quantum information science, and cybersecurity. NIST will also develop standards, tools, and tests to help ensure AI systems operate safely.

    Making Michigan Communities Safer

    PAWS Act: Peters secured $3 million in the Fiscal Year 2026?Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act for the Emergency and Transitional Pet Shelter and Housing Assistance Grant Program, which was established by Peters’ Pet and Women Safety (PAWS) Act. The grant program, administered by the Department of Justice, provides emergency and transitional shelter options for domestic violence survivors with companion animals. Peters secured language in the Commerce, Justice, Science and Related Agencies Appropriations Act encouraging the Department of Justice to continue providing robust funding for grants under the program.

    Project Safe Neighborhood: Peters secured funding in the bill for the Project Safe Neighborhoods initiative – a nationwide law enforcement program that uses evidence-based and data-driven approaches to reduce violent crime. Last Congress, the Senate passed Peters’ bipartisan legislationto reauthorize the Project Safe Neighborhoods program.

    Promoting Community Policing in Oakland County: The bill includes $1 million to modernize Oakland County’s Courts and Law Enforcement Management Information Systems (CLEMIS), which will improve transparency of law enforcement activity and promote community policing.

    Improving Criminal Investigation in Van Buren County: Peters secured $576,000 in the bill for Van Buren County to support purchase of rapid-processing DNA technology, which will reduce a current backlog and enable crimes to be solved more efficiently.

    Purchasing New Patrol Vehicles in Kalamazoo: The bill includes $490,000 to help the City of Kalamazoo upgrade its public safety vehicles, which will allow personnel to respond to service calls safely and efficiently.

    Making Road Patrols Safer in Oakland County: The bill would provide $26,000 for the Oakland County Sherriff’s Office to purchase safety equipment for motorcycle patrol officers.

    Supporting Safe Traffic Stops in Warren: Peters secured $38,000 in the bill to help the City of Warren Police Department purchase new safety equipment to aid officers during traffic stops and investigations.

    Improving the Health of the Great Lakes: The bill includes $1,500,000 for the Great Lakes Commission to improve the health of the Great Lakes. Specifically, funding will help address water quality, nutrient pollution, harmful algal blooms, aquatic invasive species, and coastal management throughout the Great Lakes region.

    Upgrading Police Communications in Marquette: The bill would provide $264,000 for the City of Marquette to purchase new portable radios, which would improve emergency response for Marquette Police Department officers.

    Upgrading Aging Patrol Vehicle Fleet in Houghton: The bill includes $385,000 for the City of Houghton to purchase new police patrol vehicles, helping to improve emergency response throughout the region.

    Bolstering AI Research to Help Small and Medium Sized Manufacturers: Senator Peters secured $2,000,000 in this bill to support Michigan Tech’s research into and deployment of AI standards and practices that would help boost small and medium manufacturers in Michigan.

    Westland Police Technology Update: The bill also includes $100,000 to upgrade aging computer systems in police squad cars in Westland.

    Preventing Violence Against Women: The bill contains increased funding for the Office on Violence Against Women (OVW) and its lifesaving programs. Grants from OVW programs support training for police officers, state domestic violence and sexual assault coalitions, rape prevention programs, homicide reduction initiatives, domestic violence hotlines, women’s shelters, transitional housing, and rural support services. In addition, Peters secured language in the bill directing the Department of Justice to develop best practices, in consultation with Middle Eastern and North African (MENA) community-based organizations, for the investigation and prosecution of violence against MENA women.

    Improving Police-Community Relations: The bill provides funding for State and Local Law Enforcement Assistance and Community Oriented Policing Services (COPS) Office grant programs which aim to strengthen police-community relations.

    Addressing Substance Use Disorder in Our Communities: The bill provides significant funding to help our communities and first responders address substance use disorders, including opioids, and to address drug trafficking.

    Court Appointed Special Advocate (CASA) Program: Peters helped secure funding for the Court Appointed Special Advocates (CASA) program. This program is critical to thousands of abused or neglected children who have highly trained and extremely dedicated advocates appointed on their behalf, and to child victims who are still waiting for the presence of a consistent, caring adult to speak for their best interests in the courtroom and in the community. This funding will help improve outcomes for every abused and neglected child, as was the intention of Congress when it enacted the Victims of Child Abuse Act of 1990.

    Investing in Sustainable Solutions to Protect Michigan’s Environment, Natural Resources

    Great Lakes Environmental Research Laboratory: The bill provides funding for the Great Lakes Environmental Research Lab (GLERL), which studies the dynamic environments and ecosystems of the Great Lakes. The work produced and shared by GLERL informs local decisions for safe and sustainable resource management throughout the Great Lakes Basin. GLERL research also plays a crucial role in the work carried out by the Coast Guard’s Center of Expertise for Oil Spill Preparedness and Response in Sault Ste Marie. Peters secured language in the bill recognizing the importance of continued support for the work of the Great Lakes Center of Expertise for Oil Spill Preparedness and Response, which examines the impacts of oil spills in freshwater environments and develops effective responses. Peters-led efforts made the Great Lakes Center of Expertise a reality. Peters authored and passed legislation into law establishing the Great Lakes Center of Expertise in 2018, and then successfully secured $4.5 million in total to kick-start the initiative the following year. Peters then announced the Great Lakes Center of Expertise will be headquartered in two Michigan locations to maximize research and operational capabilities. As a member of the Appropriations Committee, Peters has continued to secure funding to support the Center’s work.

    Great Lakes Monitoring: The U.S. Integrated Ocean Observing System (IOOS) is the nation’s premier ocean, coasts, and Great Lakes observing program. The bill provides funding to fill critical gaps in our nation’s ocean and Great Lakes observation infrastructure. It will also ensure the availability of coastal data to inform management decisions on oil spill planning and response, navigation safety, fisheries management, and harmful algal blooms.

    Addressing Harmful Algal Blooms: The bill supports the National Ocean Service’s research on harmful algal blooms (HABs). This funding is vital to preserving the health of the Great Lakes, which provide drinking water to more than 40 million people; support a $16 billion recreational boating industry; and draw 37 million anglers, hunters, and bird watchers each year. HABs, which produce toxic or harmful effects on people and wildlife, have been reported in the Great Lakes and in every U.S. coastal state. According to NOAA, their occurrence may be on the rise.

    Coastal Zone Management Grants: This bill provides much-needed funding for NOAA’s Coastal Zone Management Program, which provides grants to states with approved coastal zone management plans for the protection, restoration, and enhancement of coastal zone areas, including those in the Great Lakes region. All eight Great Lakes states have active Coastal Zone Management programs committed to preserving the health of the Lakes and the $6 trillion regional economy they help sustain. This unique program is essential to the economic and ecological importance of our coastlines and Great Lakes shorelines while supporting state and local efforts to address critical management issues such as coastal hazards, habitat, and water quality.

    Marine Debris Program: The NOAA Marine Debris Program is a joint effort that supports national and international efforts to prevent, identify, and reduce the occurrence of marine debris. The program leverages resources from state and local agencies, tribes, non-governmental organizations, academia, and industry for innovative research, outreach, and education initiatives. This bill provides funding to allow this important work to continue.

    Improving the Census Process to Ensure Michigan Communities Are Accurately Represented

    Census Bureau: The bill provides funding for the U.S. Census Bureau, however, it provides less funding than is required to meet the needs of the upcoming 2030 decennial census. The census and other key federal surveys are tied to important outcomes for communities in Michigan and across the country, including federal resources for education, health care and infrastructure. The resources allocated by this bill will give the Census Bureau the tools it needs to prepare for the 2030 Census, produce critical economic data, and ensure the public can access high-quality data that keeps pace with the needs of our nation. This funding is essential to ensuring the Bureau does not fall behind on crucial preparations and can control long-term costs. The Senate Homeland Security and Governmental Affairs Committee, where Peters serves as Ranking Member, is responsible for conducting oversight of the Census Bureau. Peters previously convened a hearing in downtown Detroit to examine impacts of the 2020 Census on Michigan. Peters also convened a hearing in 2021 with senior federal officials to examine how lawmakers can work to improve operations at the Census Bureau. Peters has also pressed the Census Bureau to ensure it addresses 2020 Census undercounts and improves annual population data.

    Investing in Science, Innovation, and the STEM Workforce

    Michigan Technological University AI Program: Peters secured $2.5 million in funding from the Safe and Secure AI Manufacturing Implementation Program for Michigan Technological University to support research into and deployment of AI standards and practices to support small and medium manufacturers.

    National Aeronautics and Space Administration (NASA): The bill provides continued funding for key NASA science and STEM education programs that support cutting edge research and scholarships at Michigan’s Universities. The STEM education programs also strengthen our aerospace workforce pipeline. These programs were partially eliminated under the Trump Administration’s budget request.,

    Fully Fund the Artemis Space Mission: This bill includes full funding that Senator Peters’ championed for the Artemis Mission, which is set to take the United States back to the Moon as well as, eventually, to Mars. This mission was partially eliminated under the Trump budget proposal. The Artemis program is supported by Michigan Aerospace manufacturers and one of the astronauts participating in the upcoming Artemis III mission is a Michigander, Christina Koch.

    National Science Foundation: Senator Peters helped secure $9 billion in funding for the National Science Foundation. This level of funding avoids the catastrophic 55% cut proposed by the Trump Administration, which would have devastated U.S. scientific and STEM leadership, and harmed Michigan’s research institutions’ ability to continue to do cutting edge research.

    Implementation of Peters’ PROSWIFT Act: Peters secured funding for the pilot program Peters created through his Promoting Research and Observations of Space Weather to Improve the Forecasting of Tomorrow (PROSWIFT) Act. The program aims to strengthen our nation’s ability to predict severe space weather events and mitigate their harmful impacts on Earth – work being spearheaded at Michigan’s own Universities.

    Improving Access to Reentry: Peters secured language in the bill directing Residential Reentry Centers, where individuals often go between prison and full return to their communities, to better collect ID-related data. A 2022 Government Accountability Office (GAO) report found that opportunities exist to better assist incarcerated people with obtaining ID documents prior to release. Peters’ language requires an assessment from BOP regarding the feasibility of contracting with additional state DMVs to provide identification document services to qualifying individuals prior to release.

    National Marine Fisheries Services – Studying PFAS in Fish: The bill recognizes the threat posed by the concentration of PFAS detected in fish tissue. The bill directs NOAA to conduct fish tissue sampling and monitoring of PFAS to evaluate the impacts on aquatic health.

    MIL OSI USA News –

  • MIL-OSI Russia: Interest rates on new car loans in Russia have fallen to a two-year low — media

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    Moscow, July 18 /Xinhua/ — The average weighted annual interest rate on loans for new cars in Russia in June 2025 was less than 13.6 percent, which was the minimum since 2023, Kommersant reports.

    Since the beginning of this year, car loan rates for new cars have fallen by 7%. For used cars, the average weighted rate is 28.2%, which is 0.5% lower than at the beginning of 2025.

    The car loan market in Russia has grown by 46 percent in terms of the volume of funds issued since the beginning of the year. The main driver of this growth was government support and subsidies for manufacturers. Car sales under preferential programs amounted to 16 percent of the total number of car loans. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Chinese Investments Boost Hungary’s Economic Growth – Hungarian Foreign Minister

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BUDAPEST, July 18 (Xinhua) — Chinese investment has significantly improved Hungary’s economic performance and supported the country’s ongoing structural reforms, Hungarian Foreign and Trade Minister Peter Szijjarto said on Friday.

    P. Szijjártó made the statement during a working breakfast in Budapest with the heads of Chinese companies operating in the country. “Hungary is proud to be the main European destination for Chinese capital, and we want to maintain this position,” he noted.

    Highlighting Hungary’s success in attracting Chinese investment, P. Szijjártó said that “in 2020, 2023 and 2024, Chinese companies became the largest investors in our country.” “These investments bring advanced technologies and create a significant number of stable jobs,” he added.

    The Hungarian Foreign Minister stressed the importance of global connectivity and cooperation based on mutual respect, noting that Hungary rejects the division of the world into competing blocs.

    He warned that undermining or limiting Chinese-European economic ties would create serious problems for the European economy.

    For his part, Chinese Ambassador to Hungary Gong Tao highly praised the fruitful results achieved in Chinese-Hungarian trade and economic cooperation, saying that thanks to the joint efforts of both sides, bilateral trade and economic cooperation will reach new heights, “will make an even greater contribution to economic development and improving living standards in both countries, and will continue to deepen the friendly relations between our countries.” –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI Russia: At least 3 people killed in explosion at training ground in US state of California

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    LOS ANGELES, July 18 (Xinhua) — At least three law enforcement officers were killed in an explosion at a police training ground in the southern U.S. state of California on Friday morning, local media reported.

    According to local television channel KABC /ABC Network/, the explosion occurred at about 07:30 a.m. local time /14:30 GMT/ at the Los Angeles County Sheriff’s Department’s Biscailloos training center, which houses the department’s special forces and bomb squad.

    According to preliminary data from sources cited in the report, at the time of the explosion, the victims were working with explosives of an unspecified type.

    In a statement posted on social media platform X, California Governor Gavin Newsom’s office said he was “informed of an explosion that occurred at the Los Angeles County Sheriff’s Office Special Operations Office in East Los Angeles.”

    The California Governor’s Office of Emergency Management is in contact with the Sheriff’s Department and monitoring the situation, offering the state’s full support, the statement added. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News –

  • MIL-OSI USA: Congressman Moran Votes to Strengthen National Defense and Support America’s Servicemembers

    Source: Congressman Nathaniel Moran (R-TX-01)

    Congressman Moran Votes to Strengthen National Defense and Support America’s Servicemembers

    The FY26 Defense Appropriations Bill Reins in Wasteful Spending and Invests in Military Readiness

    Washington, D.C., July 18, 2025

    Congressman Nathaniel Moran (R-TX-01) released the following statement after voting in favor of the Fiscal Year 2026 Defense Appropriations Act (H.R. 4016), which passed the U.S. House of Representatives today:

    “Under President Trump’s leadership, we’re finally rebuilding the strength and resolve of our Armed Forces. This bill reflects that effort—by investing in servicemembers, eliminating waste, countering foreign threats like China and Iran, and ensuring our defense dollars are focused on combat readiness, not left-wing social experiments.

    “The FY26 Defense Appropriations Act supports our troops, prioritizes taxpayer accountability, and delivers critical investments for military families across East Texas. I was proud to vote for this bill and will continue standing with those who defend our nation.”

    Securing Texas Wins

    • Increases funding for pay and benefits for active-duty military and reserve personnel across all branches, including over $10.2 billion for the Army National Guard and $5.3 billion for the Air National Guard, both with strong Texas footprints.
    • Delivers $575+ million for environmental restoration across Army, Navy, and Air Force installations, including former sites in Texas.
    • Provides over $36.9 billion for shipbuilding and naval modernization, supporting Gulf Coast industrial jobs tied to defense manufacturing.
    • Maintains support for hypersonic and next-generation weapons research, much of which is based in Texas institutions.

    Cutting Waste, Refocusing Defense Priorities

    • Saves taxpayer dollars by reducing inefficient Pentagon programs and bureaucratic offices.
    • Blocks efforts to consolidate legislative liaison offices that reduce transparency and Congressional oversight.

    Securing the Border and Combating Terrorism 

    • Fully funds $357 million for the Counter-ISIS Train and Equip Fund, including tight vetting restrictions to prevent funding terrorist-linked individuals or groups.
    • Expands National Guard and Reserve Equipment Procurement by $800 million, bolstering homeland defense and disaster response readiness.
    • Allocating approximately $13 billion for missile defense and space programs to augment and integrate in support of the Golden Dome effort.

    Deterring China, Iran, and Other Foreign Adversaries

    • Increases funding for DOD’s Cooperative Threat Reduction program ($282 million) to reduce chemical, biological, and nuclear risks, particularly from regimes like Iran and North Korea.
    • Provides new authority and funding for DOD-led cybersecurity and supply chain risk reduction to block Chinese espionage and hacking efforts.

    Ensuring Oversight & Accountability

    • Requires quarterly public reporting to Congress on use of funds for foreign military assistance and classified operations.
    • Expands restrictions on use of funds for procurement from countries hostile to U.S. national security interests.

    You can learn more about the FY26 Defense Appropriations Act HERE.

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    MIL OSI USA News –

  • MIL-OSI Africa: Professor Benedict Oramah recognised for long service as Export Trading Group (ETG), TRACE, KCB and CBZ toast award success at 32nd Afreximbank Annual Meetings

    Source: APO – Report:

    Key Highlights

    • The third edition of the Pan-African Business and Development Awards has recognised and celebrated leading businesses on the continent and in the diaspora in alignment with Afreximbank’s push for a promotion of a Global Africa
    • Marking his distinguished tenor, Professor Benedict Oramah, outgoing Afreximbank President, was honoured with the Bank’s Long Service Award alongside other employees
    • Export Trading Group (ETG) won the Global Africa Business Leader Award 2025 for fostering economic growth across the continent and enhancing food security
    • KCB Group Plc, Kenya and CBZ Bank, Zimbabwe emerged winners of the Afreximbank Financial Institutions Award 2025 for banking institutions with more than $500m and less than $500m capital respectively for having played a pivotal role in bridging the trade finance gap in Africa.
    • TRACE, a multimedia platform dedicated to the entertainment and empowerment of people of African descent won the Diaspora Business of the Year Award for their impact in strengthening continental and diaspora ties.

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) hosted the third edition of the Pan-African Business and Development Awards in association with the Business Council for Africa (BCA) on Wednesday June 25, 2025, at a colourful Gala Dinner attended by more than 400 dignitaries including business and political leaders from Nigeria, across Africa and the diaspora.

    The Pan-African Business and Development Awards, held annually during the Afreximbank Annual Meetings, are designed to celebrate and recognise transformative businesses and financial institutions within the African continent and in the diaspora in keeping with the Bank’s vision for a Global Africa.

    Export Trading Group (ETG), operational in nearly 20 countries on the continent, won the Global Africa Business Leader Award, 2025 for fostering economic growth across the continent and enhancing food security by connecting smallholder farmers with regional and global markets, improving livelihoods and boosting intra-African trade, reflecting Afreximbank’s mandate of fostering trade and economic growth across the continent. The company’s investments in storage, logistics, and processing infrastructure have helped reduce post-harvest losses and increased value addition.

    This year, TRACE, the multimedia platform dedicated to the entertainment and empowerment of people of African descent, won the Diaspora Business of the Year award for its impact in strengthening continental and diaspora ties through the vehicle of entertainment. Its mission is to uplift African identity through music, education, and storytelling. TRACE’s platforms reach and support over 5,000 artists and 1,000 brands annually. It employs hundreds across Africa, contributing hundreds of millions of dollars in value.

    Two banking giants were recognised in the Afreximbank Financial Institutions Award–2025. KCB Group Plc, Kenya’s largest bank by assets emerged winner of the award for banking institutions with more than $500m capital while CBZ Bank, also Zimbabwe’s largest Bank emerged winner of the Afreximbank Financial Institutions Award-2025 for banking institutions with less than $500m capital.

    KCB, which won in the same category in 2024, was recognised for facilitating local and cross-border trade finance through various products as well as mitigating risks inherent in trade on behalf of its customers. One of the first East African banks to enhance financial inclusion and economic growth, it has positioned itself as an enabler for businesses and consumers to transact efficiently across African borders.

    CBZ Bank from Zimbabwe has played a pivotal role in bridging the trade finance gap in Africa by leveraging strategic partnerships, introducing innovative products, and executing a comprehensive pan-African vision. During the 31st Afreximbank Annual meetings held in Nassau, The Bahamas last year, CBZ Bank and Afreximbank inked two deals (https://apo-opa.co/44ZDCxm) totalling $80 million consisting of US$60 million line of credit and $20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility signalling their continued collaboration aimed at promoting economic development.

    In a speech delivered on behalf of Professor Benedict Oramah, President and Chairman of Board of Directors at Afreximbank, the Bank’s Senior Executive Vice President, Denys Denya, said: “This Awards event is our way of saying thank you to everyone who, regardless of size or significance of your role, has contributed to furthering the course of development in Africa. I would like to take this opportunity to congratulate you. With these awards, we reaffirm our commitment to the shared goal of transforming the African economy and restoring the dignity of Africans, regardless of their geographic location.”

    Arnold Ekpe, former group CEO of Ecobank Transnational Incorporated and chair of the BCA, in his remarks, commented on the importance of recognising and celebrating institutions that contribute to Africa’s development, which he said, “has become the defining essence of Afreximbank.”

    A major highlight of the awards ceremony was the recognition of four long serving Afreximbank staff members for their dedicated service of between 25 and 30 years. This esteemed group included Professor Benedict Oramah who was honoured for over three decades at the Bank with ten years spent at the helm as President and Chairman of Board of Directors.

    Presenting the long service award to Prof. Oramah, Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy said: “Tonight, we acknowledge not just a remarkable career, but a transformative journey spanning three decades. Under your leadership, the bank hasn’t just scaled; it has soared, championing strategies that have fundamentally reshaped trade and development across Africa. Nigeria is incredibly proud of your achievements, your leadership, and your unwavering commitment to the economic prosperity of our continent. You are a true son of the soil; a shining example of what dedication and vision can accomplish.”

    The Pan-African Business and Development Awards are hosted by Afreximbank in association with the BCA. The awards series was launched in 2023 to recognise those organisations and leaders that epitomise the pan-African spirit by leading the way in building substantive and transformative cross-border businesses.

    – on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

    Follow on Social Media: 
    X: https://apo-opa.co/4nVC0NN
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    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

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    MIL OSI Africa –