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  • MIL-OSI USA: Burnet County Disaster Recovery Center Opens July 20

    Source: US Federal Emergency Management Agency

    Headline: Burnet County Disaster Recovery Center Opens July 20

    Burnet County Disaster Recovery Center Opens July 20

    AUSTIN, Texas – A Disaster Recovery Center will open Sunday, July 20, in Burnet County to offer face-to-face help to survivors who had damage or losses from the severe storms and flooding in Central Texas

    Homeowners, renters and eligible non-residents may receive FEMA assistance for losses not covered by insurance

    Survivors with homeowner’s or renter’s insurance should first file a claim with their insurance company as soon as possible

    If your policy does not cover all your damage expenses, you may be eligible for federal assistance

    The Disaster Recovery Center is located at:Burnet Community Center401 E

    Jackson St

    Burnet, TX 78611Hours: 8 a

    m

    to 7 p

    m

    dailyFEMA and the U

    S

    Small Business Administration are supporting the Texas Division of Emergency Management, which is leading efforts to help survivors apply for federal disaster assistance

    Center specialists can also identify potential needs and connect survivors with local, state and federal agencies as well as nonprofit organizations and community groups

     Disaster Recovery Centers are accessible to people with disabilities and those with access and functional needs

    They are also equipped with assistive technology

    If you need a reasonable accommodation or an American Sign Language interpreter, call 833-285-7448 (press 2 for Spanish)

    You have until Thursday, Sept

    4, to apply for FEMA disaster assistance

    Here’s how:The fastest way to apply is online at DisasterAssistance

    govYou may also use the FEMA mobile appCall the FEMA Helpline at 800-621-3362

     Lines are open from 6 a

    m

    to 10 p

    m

    CT daily

    If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

    Helpline specialists speak many languages

    Press 2 for Spanish

    Visit any Disaster Recovery Center to receive in-person assistance

    To find one close to you, use your ZIP code to search FEMA

    gov/DRC

    To view an accessible video on how to apply, visit What You Need to Know Before Applying for FEMA Assistance

    For the latest information about the Texas recovery, visit fema

    gov/disaster/4879

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6
    toan

    nguyen
    Sat, 07/19/2025 – 21:09

    MIL OSI USA News –

  • MIL-OSI USA: St. Louis County Disaster Recovery Centers to Close July 24

    Source: US Federal Emergency Management Agency

    Headline: St

    Louis County Disaster Recovery Centers to Close July 24

    St

    Louis County Disaster Recovery Centers to Close July 24

    ST

    LOUIS – The two Disaster Recovery Centers in St

    Louis County are scheduled to close permanently on Thursday, July 24 at 7 p

    m

    The three Disaster Recovery Centers in the City of St

    Louis are staying open

    At all locations, FEMA and the U

    S

    Small Business Administration are helping impacted residents with their disaster assistance applications, answering questions, and uploading required documents

    St

    Louis County Locations – Closing July 24LOCATIONSHOURS OF OPERATIONSt

    Louis County Library                  Mid-County Branch7821 Maryland Ave

    Clayton, MO 63105Monday–Thursday: 8 a

    m

    – 7 p

    m

    Friday: 8 a

    m

    -5 p

    m

    Saturday: 9 a

    m

    – 4 p

    m

    Sunday: ClosedClosing Permanently: Thursday, July 24   St

    Louis County LibraryPrairie Commons Branch                        915 Utz Ln

    Hazelwood, MO 63042Monday–Thursday: 8 a

    m

    – 7 p

    m

    Friday: 8 a

    m

    -5 p

    m

    Saturday: 9 a

    m

    – 4 p

    m

    Sunday: ClosedClosing Permanently: Thursday, July 24You can visit any Disaster Recovery Center, no matter where you are staying now

    Three additional Disaster Recovery Centers are open in St

    Louis City to assist residents and businesses affected by the May 16 tornado and storms

     St

    Louis City Locations – Staying OpenLOCATIONSHOURS OF OPERATIONUnion Tabernacle M

    B

    Church626 N

    Newstead Ave

    St

    Louis, MO 63108Monday-Friday: 8 a

    m

    -7 p

    m

                         Saturday: 9 a

    m

    -4 p

    m

     Sunday: ClosedUrban League Entrepreneurship and    Women’s Business Center 4401 Natural Bridge Ave

    St

    Louis, MO 63115Monday-Friday: 8 a

    m

    -7 p

    m

    Saturday: 9 a

    m

    -4 p

    m

     Sunday: ClosedSumner High School — Parking Lot4248 Cottage Ave

    St

    Louis, MO 63113Monday-Friday: 8 a

    m

    -7 p

    m

    Saturday: 9 a

    m

    -4 p

    m

     Sunday: ClosedTo save time, please apply for FEMA assistance before coming to the Disaster Recovery Center

    Apply online at DisasterAssistance

    gov or by calling 1-800-621-3362

     If you are unable to apply online or by phone, someone at the Disaster Recovery Center can assist you

     The FEMA application deadline for the May 16 disaster is August 11, 2025

    If your home or personal property sustained damage not covered by insurance, FEMA may be able to provide money to help you pay for home repairs, a temporary place to live, and replace essential personal property that was destroyed

    sara

    zuckerman
    Fri, 07/18/2025 – 20:30

    MIL OSI USA News –

  • MIL-OSI Russia: NSU hosted the first economic quest “Knowledge — Money”

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    On July 10, Novosibirsk State University hosted a fascinating economic quest, “Knowledge — Money,” in which 65 high school students from different schools in Novosibirsk took part. It was not just an intellectual challenge, but also a real immersion into the world of economics, where knowledge, logic, and teamwork become the key to success.

    The quest was organized by the public organization “Laboratory of Economics and Business” with the support of Faculty of Economics, NSU, the “First” movement and the low-rise eco-quarter “Spectrum”.

    —The Laboratory of Economics and Business was created three years ago. Our mission is to develop schoolchildren’s interest in economics and to form a culture of systems thinking. The first event we held last year was a course of lectures and interactive seminars “Basics of Economics and Business for Schoolchildren”. Instead of the planned 20 people, more than 60 took part in it. We realized that schoolchildren have a huge interest in economics and new educational formats. This is how the idea of a quest was born, which we decided to hold in the summer, — said Dmitry Markov, a lecturer in the Department of Management of the Faculty of Economics of NSU, head of the laboratory.

    The participants united into 14 teams, each of which went through 13 stations in four thematic “economic laboratories” in three hours. At each station, the teams passed tests on knowledge, logic and ingenuity, solved problems of varying difficulty levels and earned points. The maximum for each station was 100 points, and at the end the strongest team was determined.

    1. Systems Analysis Laboratory

    The children were given tasks that clearly demonstrated the importance of a systematic approach to solving problems. A crossword, a fillword, and a Japanese puzzle called “Bridges” — all of this forced the participants to think logically, find patterns and relationships. And most importantly, it helped them better understand how economic processes are structured in reality.

    2. Laboratory of Economic Intuition

    Here, participants encountered economic puzzles, asset turnover tasks, and cases that required filling in missing terms. These tasks helped participants not only remember the terms, but also understand how they work in the context of business and finance.

    3. Business Analytics Lab

    It turned out to be the most difficult — and, perhaps, the most educational. The kids had to understand the financial statements of the Magnit retail chain, pass tests on formal logic, and solve numerical problems that are used when hiring in large financial companies. This gave the schoolchildren the opportunity to “try on” the role of a business analyst and understand how interesting and in-demand this profession is.

    4. Bipolar Laboratory

    This lab turned out to be the most creative and memorable. Participants had to not only think, but also act:

    Assemble a product according to the technical specifications from a construction set. Assemble a puzzle from the logos of famous brands and compare them with the companies’ missions. Restore the system by analogy with the game “Tetris”. Assemble slides with company analytics to create a complete picture.

    These tasks developed not only logic and economic thinking, but also teamwork skills, attentiveness and creativity.

    Each laboratory had its own curators, who were students from the Faculty of Economics of NSU.

    Artem Bezrukov commanded the business analytics laboratory.

    — Three stations: calculation tasks, a logic storm and a hellish quiz on financial reporting. I thought that my stations would be the hardest for the participants, but the guys turned out to be great! We were especially impressed with the financial reporting of Magnit. We compared profitability, revenue, turnover — like analysts with real cases! Honestly, I thought that out of 100 points our maximum would be 50, but I was pleasantly surprised by other results!) I admit, the logic test turned out to be the most tricky. Only two teams were able to solve it 100 out of 100! Apparently, numbers are closer to them than puzzles.) Even my fifth-graders learned to calculate profitability! — said Artem.

    Kira Kurmasheva was responsible for the bipolar laboratory.

    —We had a great time and enjoyed it as much as the quest participants. Our lab had the most stations — four. All the tasks in my lab were interactive, the kids were asked to assemble a flower from a construction set, restore economic slides, assemble puzzles with logos of famous companies, and solve a riddle. All the tasks were quite easy, but very interesting. Our lab had the highest average score for the quest.

    I am very glad that our event attracted so many children from all over the region. During the game, I received a lot of positive feedback about the quest. I hope that I will participate in many more similar projects from the laboratory of economics and business! – Kira shared.

    As a result, all teams completed all stations, showed good results and acquired valuable skills. The winner of the quest was the team “EkoMi”, which scored the highest number of points.

    All participants were awarded raffle tickets and delicious pizza, which was a pleasant end to a busy but exciting day.

    Here’s what the event participants thought about the quest.

    Taisiya Gershun, 8th grade, OC “Gornostay”:

    — Although I was never particularly interested in economics, the quest even made me think about enrolling in the economics department! An interesting format that helps to apply knowledge from economics in practice. During the quest, you learn to work together and make decisions quickly. It was especially interesting to solve economic puzzles and solve different problems. At the end, there was an announcement of the winners and pizza!!

     

    Vladimir Rimmer, 9th grade, Lyceum No. 130:

    — My mother signed me up for the quest, for which I am very grateful to her. I got a lot of new emotions, made new acquaintances. I really liked the idea itself, the organization and, of course, the surprise in the form of pizza after the end. If I were to rate the quest on a ten-point scale, it would definitely be 10 out of 10!

     

    Daria Rakova, 9th grade, OC “Gornostay”:

    — Overall, the event was interesting and useful. The tasks were varied, you had to think and act. I especially liked two things: bridges and a crossword puzzle. These logic tasks are just super, and everything was exciting with the team. Overall, I spent my time usefully, learned something new and laughed.

     

    The Laboratory of Economics and Business is already drawing up a plan for future events, where schoolchildren not only gain new knowledge, but also come into contact with university life.

    — The guys spent the whole day at NSU, got to know the university, its teachers and students better. We are sure that many of them will choose NSU as the place of their admission and further education, — Dmitry Markov emphasized.

     

    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 Asia-Pac: SJ to lead government officials to attend joint conference on Belt and Road Initiative in Beijing

    Source: Hong Kong Government special administrative region – 4

         The Secretary for Justice, Mr Paul Lam, SC, in his capacity as the chair of the sub-group on Belt and Road development under the Steering Group on Integration into National Development, will lead Hong Kong Special Administrative Region Government officials, including the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Secretary for Development, Ms Bernadette Linn; the Permanent Secretary for Commerce and Economic Development, Ms Maggie Wong; the Under Secretary for Financial Services and the Treasury, Mr Joseph Chan; and the Under Secretary for Innovation, Technology and Industry, Ms Lillian Cheong, to attend the eighth Joint Conference on Advancing Hong Kong’s Full Participation in and Contribution to the Belt and Road Initiative to be held on Thursday morning (July 24), with departures for Beijing tomorrow (July 22) and on July 23 respectively.
     
         During his stay in Beijing, Mr Lam and the Law Officer (International Law) of the Department of Justice, Dr James Ding, will visit the Hong Kong and Macao Affairs Office of the State Council and the Ministry of Foreign Affairs to report on the progress of the Department of Justice’s major policy initiatives, including the relevant works on the International Organization for Mediation and promoting Hong Kong’s position as an international legal and dispute resolution services centre. He will also visit the Ministry of Commerce to exchange views on matters of mutual interest.

         Mr Lam will return to Hong Kong on the afternoon of July 24. During Mr Lam’s absence, the Deputy Secretary for Justice, Dr Cheung Kwok-kwan, will be the Acting Secretary for Justice. During Mr Yau’s absence, the Under Secretary for Commerce and Economic Development, Dr Bernard Chan, will be the Acting Secretary for Commerce and Economic Development. During Ms Linn’s absence, the Under Secretary for Development, Mr David Lam, will be the Acting Secretary for Development.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: New District Officer for North District assumes office (with photo)

    Source: Hong Kong Government special administrative region – 4

    ​Ms Winkie Chick will assume the post of District Officer (North) tomorrow (July 21), succeeding Mr Derek Lai.

         Since joining the Administrative Service in 2015, Ms Chick has served in various bureaux, including the then Transport and Housing Bureau, the Commerce and Economic Development Bureau and the Education Bureau.

         She was the Assistant Secretary (Heritage Conservation) at the Development Bureau before taking up the new post of District Officer (North).

    MIL OSI Asia Pacific News –

  • MIL-OSI: Aurora Mobile’s EngageLab Partners with China Unicom to Develop Next-Generation Global One-Click Verification Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, July 21, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that EngageLab, its leading omni-channel customer engagement platform, has entered into a partnership with China Unicom to launch the Smart Integrated Verification (International Edition), powered by China Unicom’s Open Gateway platform. This collaboration marks a significant step in jointly building a secure and intelligent one-click verification infrastructure for Chinese enterprises expanding overseas.

    At the recent 2025 China Unicom Partner Conference, titled “Advancing Together Toward a New Integrated Ecosystem”, China Unicom showcased its significant achievements in AI infrastructure, technology, and industry development. The event, which focused on the deep integration of AI and the digital economy, attracted over 400 industry partners from more than 70 countries and regions worldwide. Among the highlights was China Unicom’s Open Gateway platform, a leading hub for exposing network capabilities. Leveraging China Unicom’s robust cloud and network infrastructure, the Open Gateway platform provides advanced capability provisioning for internal applications and offers comprehensive, efficient, and secure open solutions to industry partners via standardized APIs. To date, over 90 specialized APIs have been released, covering domains such as anti-fraud and location-based services. The platform has enabled multiple commercial deployment scenarios, including financial fraud prevention and digital support for Chinese enterprises expanding overseas. China Unicom is collaborating with global telecom operators and system integrators to establish a cross-operator platform alliance. It has already achieved platform-level interconnectivity with the first six operators and integrators, including Aurora Mobile.

    As a key partner of China Unicom, Aurora Mobile has developed the Smart Integrated Verification (International Edition) specifically for international business scenarios. The solution eliminates geographic barriers and offers Chinese enterprises expanding overseas a one-stop, global mobile number verification solution. Leveraging China Unicom’s backbone network, spanning over 160 countries and regions with more than 300 overseas nodes, and EngageLab’s decade-long of expertise in user verification, the solution delivers secure, fast, intelligent, and efficient one-click mobile number verification for users worldwide.

    For Chinese enterprises expanding overseas, traditional verification processes are often fragmented and cumbersome. In particular, cross-border identity verification poses a significant challenge to business growth. The Smart Integrated Verification (International Edition) effectively addresses these issues. For instance, after integrating the service, a cross-border e-commerce platform reported a 40% increase in new user registration conversion rates and a 62% drop in customer complaints related to verification failures. Similarly, a global gaming company reduced the average time for the first login from 28 seconds to just three seconds, improving next-day user retention by 27%.

    Building on EngageLab’s industry-leading expertise in global user verification, Aurora Mobile is dedicated to working closely with telecom operators to co-develop an open network capability ecosystem. Looking ahead, EngageLab will continue to deepen its collaboration with China Unicom and expand into more application scenarios based on the Smart Integrated Verification (International Edition), such as “one-click verification + cross-border payment security checks” and “one-click verification + global user profiling and analytics.” The Company is committed to evolving verification into a “super gateway” that seamlessly connects users and services. EngageLab welcomes global partners to join this open ecosystem and contribute to its advancement, working together to drive the development of the global digital economy.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • MIL-OSI United Kingdom: Over 200 employers recognised with Defence Employer Recognition Scheme Gold Award for outstanding support to the armed forces community

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Over 200 employers recognised with Defence Employer Recognition Scheme Gold Award for outstanding support to the armed forces community

    Employers from several industries have been recognised for their exceptional support to the armed forces community with the Gold Defence Employer Recognition Scheme (ERS) Award.

    Employers and reservists at an employer engagement event hosted by the British Army. Copyright: RFCA.

    • Scheme recognises employers who go above and beyond in supporting defence to renew the nation’s contract with those who serve or have served.
    • Gold Award is the highest badge of honour for employers who support the armed forces community and uphold the Armed Forces Covenant.
    • Announcement supports wider defence transformation under the Strategic Defence Review and Defence Industrial Strategy towards innovation, resilience, and sustainable industrial growth.

    Since its launch in 2014, the Defence Employer Recognition Scheme (ERS) Gold Award has become the highest badge of honour for employers that champion veterans, reservists, cadet force adult volunteers and military families in the workplace. This year’s winners demonstrate the power of values-led leadership, creating more inclusive, resilient and dynamic organisations.

    Minister for Veterans and People, Al Carns DSO OBE MC MP, said:

    Employers are crucial partners in protecting our security and boosting the economy. By backing veterans, reservists, military families, cadet force adult volunteers and the cadet movement, these organisations build resilient communities and the innovation defence needs. I congratulate them and thank them for their outstanding commitment.

    Cadets and paramedics at the Greater London RFCA event 2024. Copyright: RFCA.

    To achieve the Gold Award, employers must:

    • provide at least 10 days’ additional paid leave for reservists
    • implement HR policies for veterans and cadet force adult volunteers
    • advocate for defence across their networks and sectors
    • demonstrate sustained commitment well beyond the minimum requirements

    These organisations lead by example, helping to shift national attitudes and raise standards across their sectors. From global finance and property to healthcare, retail and local government, this year’s recipients highlight the growing range and depth of employer support.

    Daniel Maguire, Head of Markets at London Stock Exchange Group (LSEG), said:

    The Gold Award recognises LSEG’s long-term commitment to supporting the defence community. Our veterans, reservists, cadet force adult volunteers and military families within LSEG all bring immense value. Their resilience, adaptability and unwavering sense of duty enrich our workplace and strengthen our culture across the globe, inspiring excellence across our business.

    Richard Rees, Managing Director of Savills (UK) Ltd, said:

    Savills applied for the Gold-level Employer Recognition Scheme Award to demonstrate the strength of our commitment to the armed forces community. We have an exceptional employee offer, and our business provides a strong cultural fit for those with a background in the armed forces. We aim to be an example within our sector, advocating for the armed forces community to other businesses, suppliers and clients, and the recognition that we are achieving this is very welcome.

    Steve Ager, Chief Commercial Officer, and Executive sponsor of the Boots Armed Forces Alliance Business Resource Group, said:

    We’re thrilled to receive this recognition through the Armed Forces Covenant Gold Award. Boots has a proud history of supporting the armed forces in the UK, and this award reflects our continued commitment to supporting the armed forces, veterans, and their families.

    A full list of the 2025 ERS Gold Award recipients are published here: Defence Employer Recognition Scheme

    Updates to this page

    Published 21 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Consumer Price Indices for June 2025

    Source: Hong Kong Government special administrative region

    Consumer Price Indices for June 2025 
    On a seasonally adjusted basis, the average monthly rate of change in the Composite CPI for the 3-month period ending June 2025 was 0.0%, and that for the 3-month period ending May 2025 was -0.1%. Netting out the effects of all Government’s one-off relief measures, the corresponding rates of change were both 0.1%.
     
    Analysed by sub-index, the year-on-year rates of increase in the CPI(A), CPI(B) and CPI(C) were 2.1%, 1.3% and 0.9% respectively in June 2025, as compared to 2.8%, 1.6% and 1.2% respectively in May 2025. Netting out the effects of all Government’s one-off relief measures, the year-on-year rates of increase in the CPI(A), CPI(B) and CPI(C) were 1.5%, 0.9% and 0.7% respectively in June 2025, as compared to 1.3%, 0.8% and 0.8% respectively in May 2025.
     
    On a seasonally adjusted basis, for the 3-month period ending June 2025, the average monthly rates of change in the CPI(A), CPI(B) and CPI(C) were all 0.0%. The corresponding rates of change for the 3-month period ending May 2025 were all -0.1%. Netting out the effects of all Government’s one-off relief measures, the average monthly rates of change in the seasonally adjusted CPI(A), CPI(B) and CPI(C) for the 3-month period ending June 2025 were 0.2%, 0.1% and 0.0% respectively, and the corresponding rates of change for the 3-month period ending May 2025 were 0.1%, 0.1% and 0.0% respectively.
     
    Amongst the various components of the Composite CPI, year-on-year increases in prices were recorded in June 2025 for housing (2.8%), transport (1.9%), electricity, gas and water (1.6%), alcoholic drinks and tobacco (1.4%), meals out and takeaway food (1.4%), miscellaneous goods (1.3%), and miscellaneous services (1.0%).
     
    On the other hand, year-on-year decreases in the components of the Composite CPI were recorded in June 2025 for clothing and footwear (-4.1%), durable goods (-2.5%), and basic food (-0.4%).
     
    For the first half of 2025 as a whole, the Composite CPI rose by 1.7% over a year earlier. The respective increases in the CPI(A), CPI(B) and CPI(C) were 2.3%, 1.5% and 1.2% respectively. The corresponding increases after netting out the effects of all Government’s one-off relief measures were 1.2%, 1.5%, 1.0% and 1.0% respectively.
     
    In the second quarter of 2025, the Composite CPI rose by 1.8% over a year earlier, while the CPI(A), CPI(B) and CPI(C) rose by 2.4%, 1.6% and 1.3% respectively. The corresponding increases after netting out the effects of all Government’s one-off relief measures were 1.1%, 1.4%, 1.0% and 0.9% respectively.
     
    For the 12 months ending June 2025, the Composite CPI was on average 1.8% higher than that in the preceding 12-month period. The respective increases in the CPI(A), CPI(B) and CPI(C) were 2.3%, 1.6% and 1.4% respectively. The corresponding increases after netting out the effects of all Government’s one-off relief measures were 1.2%, 1.4%, 1.1% and 1.0% respectively.
     
    Commentary
     
    A Government spokesman said that consumer price inflation stayed modest in June.  The underlying Composite CPI increased by 1.0% over a year earlier, same as the preceding month. Price pressures on various major components were contained in general.
     
    Looking ahead, overall inflation should remain modest in the near term, as pressures from domestic costs and external prices should stay broadly in check. The Government will monitor the situation closely.
     
    Further information
     
    The CPIs and year-on-year rates of change at section level for June 2025 are shown in Table 1. The time series on the year-on-year rates of change in the CPIs before and after netting out the effects of all Government’s one-off relief measures are shown in Table 2. For discerning the latest trend in consumer prices, it is also useful to look at the changes in the seasonally adjusted CPIs. The time series on the average monthly rates of change during the latest 3 months for the seasonally adjusted CPIs are shown in Table 3. The rates of change in the original and the seasonally adjusted Composite CPI and the underlying inflation rate are presented graphically in Chart 1.
     
    More detailed statistics are given in the “Monthly Report on the Consumer Price Index”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1060001&scode=270 
    For enquiries about the CPIs, please contact the Consumer Price Index Section of the C&SD (Tel: 3903 7374 or email:     cpi@censtatd.gov.hkIssued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

  • Parliament Monsoon Session: Lok Sabha adjourned till 2pm

    Source: Government of India

    Source: Government of India (4)

    The Lok Sabha was adjourned until 2 PM on Monday following uproar by Opposition MPs demanding a discussion on the recent Pahalgam terror attack and the government’s response through Operation Sindoor.

    The House convened at 11 AM but was first adjourned until noon after Opposition members disrupted proceedings, insisting on a statement from Prime Minister Narendra Modi regarding the developments surrounding the attack and Operation Sindoor.

    Expressing his disappointment at the disruptions, Lok Sabha Speaker Om Birla appealed to members to maintain decorum and allow discussions to proceed.

    “This is the Question Hour, and the government is willing to discuss every issue. The House should function, and discussions must take place as per the rules and procedures,” Birla said.

    Despite his appeal, continued sloganeering by Opposition members forced the Speaker to adjourn the House again until 2 PM.

    When the House reconvened, protests resumed after the officiating Speaker informed members that Speaker Om Birla had not granted assent to any of the adjournment motions.

    Defence Minister Rajnath Singh reiterated the government’s willingness to engage in dialogue, “The government is completely ready for discussion on any issue.”

    Responding to the ongoing disruptions, Union Parliamentary Affairs Minister Kiren Rijiju said, “A meeting of the Business Advisory Committee will be held at 2:30 PM to finalise the agenda for discussion. The government is ready, but they (Opposition MPs) are protesting in the Well of the House. This is not the right way to begin the Monsoon Session.”

    Following the adjournment, Leader of the Opposition in the Lok Sabha, Rahul Gandhi, expressed concern over being denied the opportunity to speak, “The question is – why is the Defence Minister allowed to speak in the House while Opposition members, including me as LoP, are not? This is a new approach. Conventionally, if ministers can speak, the Opposition should also be allowed.”

    Congress MP Priyanka Gandhi Vadra echoed the sentiment, stating, “If the government is truly ready for discussion, then they should let the Leader of the Opposition speak. He stood up to speak, and he should be allowed to do so.”

    Meanwhile, BJP MP Baijayant Panda tabled the Report of the Select Committee on the Income Tax Bill, 2025 in the Lok Sabha. The report contains 285 recommendations aimed at overhauling the existing six-decade-old legislation.

    The Monsoon session will run until August 21, with a break scheduled between August 12 and August 18. A total of 21 sittings are planned over the 32-day period.

    (With inputs from ANI)

  • MIL-OSI: Prosafe SE: Recapitalization complete, new share capital registered and forward looking statements

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the stock exchange announcement published by Prosafe SE (“Prosafe” or the “Company“) on 24 April 2025 where it was announced that Prosafe had agreed the terms of a recapitalization (the “Recapitalization“) which, inter alia, includes a recapitalization of USD 193 million into 321,635,718 new shares in the Company (the “New Shares“) and an offering of up to 17,868,651 warrants to shareholders in the Company as of 16 May 2025 as registered in the Euronex Securities Oslo VPS on the record date 20 May 2025 (the “Warrants“), subject to final approval being obtained by all lenders.

    Reference is further made to the announcement published by the Company on 18 July 2025 regarding approval and publication of a prospectus in relation to issuance of the New Shares and offering of Warrants.

    Registration of the New Shares issued following conversion of USD 193,000,000 of debt into equity has as part of the completion of the Recapitalization been registered with the Norwegian Register of Business Enterprises.

    The Company’s registered share capital has consequently increased by EUR 3,216,357.18, from EUR 178,686.51 to EUR 3,395,043.69, by issuance of 321,635,718 new shares, each with a nominal value of EUR 0.01.

    The Company’s new registered share capital is EUR 3,395,043.69 divided into 339,504,369 shares, each with a nominal value of EUR 0.01.

    Prosafe is pleased to announce that the Recapitalization is now effective. The Recapitalization significantly improves Prosafe’s financial position, providing fresh liquidity and a reduction in debt of USD 193 million.

    Prosafe maintains a positive outlook with new contracts recently secured and improved activity on the back of vessel re-activations. Prosafe recently announced the award of a new 4-year contract for the Safe Notos at a significantly improved day rate of approximately USD 140k/day. The Safe Caledonia started its contract with Ithaca in the UK North Sea on 2 June 2025 and Safe Boreas has arrived in Singapore ahead of the upcoming contract in Australia which has a start-up window between 15 November 2025 and 15 February 2026.

    The Company would like to extend a warm welcome to the new Board of Directors elected at the Company’s annual general meeting held on 21 May 2025. The Company would also like to thank the departing board for all of their work, dedication and support over the past several years.

    The Company expects unrestricted liquidity (excluding restricted cash and cash held in New Group) of approximately USD 90 to 100 million and headroom against the new USD 20 million covenant of approximately USD 70 to 80 million at the date of the Recapitalization.

    Forward Looking Statement:

    Prosafe takes the opportunity to provide guidance for the full year 2025 EBITDA which is anticipated to be in the range of USD 35 – 40 million.  This assumes successful completion of the Safe Boreas re-activation prior to end Q3 2025, planned Special Periodic Surveys (SPS) and related off-hire periods for Safe Zephyrus and Safe Notos during Q3 and Q4 2025 as well as the successful completion of the Safe Caledonia contract. Reference is made to the Q1 presentation published on 21 May 2025 regarding current contracts, anticipated capital expenditure and costs.

    For further information, please contact: 

    Terje Askvig, CEO

    Phone: +47 952 03 886

    Reese McNeel, CFO

    Phone: +47 415 08 186

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements of Oslo Børs’ Continuing Obligations.

    The MIL Network –

  • MIL-OSI United Kingdom: Government revives landmark Pensions Commission to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government revives landmark Pensions Commission to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s

    Millions of people could benefit from a more secure retirement as the Government today [Monday 21 July 2025] revives the landmark Pensions Commission to examine why tomorrow’s pensioners are on track to be poorer than today’s and make recommendations for change.

    • Without action tomorrow’s retirees are on track to be poorer than today’s.
    • Almost half of working-age adults are still saving nothing with low earners, some ethnic minorities and the self-employed least likely to be pension saving.
    • Revived Pension Commission will consider the long-term future of our pensions system to make today’s workers better off in retirement.

    Millions of people could benefit from a more secure retirement as the Government today [Monday 21 July 2025] revives the landmark Pensions Commission to examine why tomorrow’s pensioners are on track to be poorer than today’s and make recommendations for change.

    The Commission of 2006 was a huge success, building a consensus for the roll-out of Automatic Enrolment into pension saving that means 88% of eligible employees are now saving, up from 55% in 2012.

    However, new analysis shows that there is more to do with the incomes of retirees set to fall over the next few decades if nothing changes:

    • Retirees in 2050 are on course for £800 or 8% less private pension income than those retiring today.
    • 4-in-10 or nearly 15 million people are undersaving for retirement.

    This partly reflects too many working age adults (45%) saving nothing at all into a pension, with lower earners, the self-employed and some ethnic minorities particularly at risk:

    • Over 3 million self-employed are not saving into a pension.
    • Only 1-in-4 low earners in the private sector are saving into a pension.
    • Just 1-in-4 of those from a Pakistani or Bangladeshi background are saving.

    New analysis today also reveals a stark a 48% gender pensions gap in private pension wealth between women and men. A typical woman currently approaching retirement can expect a private pension income worth over £5,000 less than that of a typical man (just over £100 per week for a woman compared to just over £200 a week for a man).

    While the introduction of Automatic Enrolment increased the numbers saving, saving levels have often remained low. Around 1-in-2 workers in the private sector only save around the minimum contribution level (8% or less of earnings).

    So the Government is today announcing it will revive the landmark Pension Commission two decades on, to address these stark findings.

    The relaunched Commission will explore the complex barriers stopping people from saving enough for retirement, with its final report due in 2027. It will examine the pension system as a whole and look at what is required to build a future-proof pensions system that is strong, fair and sustainable.

    Work and Pensions Secretary Liz Kendall said:

    People deserve to know that they will have a decent income in retirement – with all the security, dignity and freedom that brings. But the truth is, that is not the reality facing many people, especially if you’re low paid, or self-employed.

    The Pensions Commission laid the groundwork, and now, two decades later, we are reviving it to tackle the barriers that stop too many saving in the first place.

    Chancellor of the Exchequer Rachel Reeves said:

    We’re making pensions work for Britain. The Pension Schemes Bill and the creation of pension megafunds mean an average earner could get a £29,000 boost to their pension pots. Now we are going further to ensure that people can look forward to a comfortable retirement.

    Minister for Pensions Torsten Bell said:

    The original Pensions Commission helped get pension saving up and pensioner poverty down. But if we carry on as we are, tomorrow’s retirees risk being poorer than today’s. So we are reviving the Pensions Commission to finish the job and give today’s workers secure retirements to look forward to.

    Rain Newton-Smith, Chief Executive of the Confederation of British Industry said:

    The only route to higher living standards both in work and in retirement is through higher growth, productivity and better savings. As we look to the next decade and beyond, finding a consensus across business, government and our society on how to support people to save by building on the Mansion House reforms can create a pathway to a better future.

    Taking the time to review the best pathway to achieve this, whilst pursuing broader measures to support growth, will be needed to make it affordable for employers and workers and crucial to the aim of rising living standards, now and in retirement.

    Paul Nowak, General Secretary of the Trades Union Congress said:

    Everyone deserves dignity and security in retirement, but right now many workers – especially those in the private sector – will find themselves without enough to get by on. Far too many people won’t have enough pension for a decent retirement, and too many – especially women, BME and disabled workers and the self employed – are shut out of the workplace pension system all together.

    That’s why reviving the Pensions Commission – bringing together unions, employers and independent experts – is a vital step forward. Twenty years ago the Pension Commission played a key role in bringing millions more people into workplace pensions and reducing the risks of pensioner poverty. We now have a chance to build on that work by reaching a long-term consensus on extending auto-enrolment to those workers still missing out, and making sure that this system delivers the decent retirement incomes all workers need.

    Rocio Concha, Director of Policy and Advocacy at Which? Said:

    Which? research has found that many consumers are concerned that they won’t have the money they need for a comfortable retirement, so it is encouraging to see the government take steps to reverse this trend.

    For some consumers, the idea of contributing more money into their pension pot is both daunting and unmanageable, so it is crucial that this review looks in depth at the challenges savers face, and Which? looks forward to working with the government towards long-term reform of the industry.

    The Pensions Commission will be made up of Baroness Jeannie Drake (a member of the original Commission), Sir Ian Cheshire and Professor Nick Pearce, who will be responsible for steering its work. Drawing on the success of the original Pension Commission in building a national consensus, they will work closely with stakeholders such as the Confederation of British Industry and the Trades Union Congress.

    The Commission will make proposals for change beyond the current parliament to deliver a pensions framework that is strong, fair and sustainable. It will build on the Investment Review and Pension Schemes Bill – both of which ensures that people’s savings are working hard to support them in retirement.

    Alongside the Commission, the Government has, as required by law, also launched the State Pension Age Review, commissioning two independent reports for Government to consider when deciding the State Pension age for future decades:

    • Dr Suzy Morrissey will report on factors government should consider relating to State Pension age.
    • The Government Actuary’s Department will prepare a report on the proportion of adult life in retirement.

    Additional quotes

    Caroline Abrahams, Charity Director of Age UK said:

    We warmly welcome the Pensions Review, which has the potential to lay the foundations for a system of retirement saving that’s fit for the future. If we’re to avoid future generations of pensioners experiencing financial hardship, we need reforms that enable more people to build a decent standard of living, and we need them sooner rather than later to maximise the numbers who can be helped.

    Income for pensioners in the UK is based around both State and private pensions working together to help people enjoy a decent lifestyle once retired. The current system of saving has some significant gaps which have left many current pensioners struggling to make ends meet. Hopefully this can be avoided in future and particularly disadvantaged groups, including low-paid women and self-employed people on low incomes, can be helped to put money aside when appropriate for them to do so.

    There’s no getting away from the fact that the State Pension provides the bulk of retirement income for most pensioners, with 1.1million (13%) receiving all their income from the State. It’s therefore hugely important to consider the future of the State Pension alongside the role of private savings, as only once this is clear will it be possible to say with any accuracy how much people need to put aside to attain a decent standard of living once they retire.

    We look forward to working with the Government and the reviewers in the months to come.

    Jonny Haseldine, Head of Corporate Governance and Business Environment Policy at the British Chambers of Commerce said:

    Too few people are saving enough for retirement, affecting millions of employees and the firms we represent. Businesses want to help their staff make the right decisions for their financial futures.

    We welcome the launch of the new Pensions Commission – which is a timely and necessary next step from the original Commission over two decades ago.

    “It is essential we have a pensions system that supports both employees to build up savings and employers in managing costs. That’s even more crucial in the current economic climate.

    We also welcome the reiterated commitment that employer contribution rates won’t be increased during this parliament. Any future rises in minimum contributions must be gradual and paused if economic conditions worsen, giving business time to adjust to increased costs.

    Jon Richards, General Secretary of UNISON said:

    Every worker needs a pension they can rely upon in their old age. No one should be plunged into poverty when they retire.

    Any initiative that enhances current provision would be a good thing, especially moves to improve equality between men and women.

    With more pensioners falling into poverty as time goes by, it’s vital the commission works quickly.

    Saving enough for retirement isn’t just important, it’s urgent to securing individual futures and building a more prosperous society. To do this we must tackle adequacy – we need people to be able to contribute the right amount from the first pound they earn, and to build a pot that is invested in assets that will generate returns to support them in later life.

    That’s why the launch of the new Pensions Commission matters. Whether that is gradually increasing minimum auto-enrolment contribution rates or making it easier to access private market investments, like L&G has delivered through its Private Markets Access Fund, it is time to break down the barriers to building a retirement pot that are faced by millions across the country.

    Miles Celic OBE, Chief Executive Officer of The CityUK said:

    The Pensions Adequacy Review is another positive step in reforming pensions investment. Auto-enrolment has been a policy success, bringing millions into retirement saving, but further action is needed to ensure pension savings are adequate to provide an appropriate level of income for our ageing population. Total contributions will have to rise if we are to emulate the successes of, for example, Australia and Canada. This will involve difficult political choices alongside technical changes to policy and regulation, so it is right the appointees to the Commission consider the options thoroughly and, crucially, that they also draw on the industry’s significant expertise.

    Steve Webb, Partner at LCP said:

    The first Pensions Commission changed the UK pensions landscape and started the process of reform by getting millions of employees saving for the first time. But much work remains to be done, and this new Commission will have to consider reforms against a much more challenging backdrop. The Government has selected people who are widely respected in the world of business, the trade union movement and academia, who will be well placed to undertake this vital work, and I look forward to working with them constructively as they map out a new agenda for retirement saving.

    David Raw, Managing Director for Markets at UK Finance said:

    We welcome efforts to help ensure people are saving enough to deliver a decent level of income in retirement . Boosting financial and pension literacy, continuing to encourage private pension holding, and building on the success of auto-enrolment are key to achieving this. Well-functioning capital markets play a key role in a successful pension system and UK Finance looks forward to continuing to work closely with government as it progresses its programme for capital markets and pension reform.

    Chira Barua, CEO of Scottish Widows and CEO of Insurance, Pensions & Investments, Lloyds Banking Group said:

    We’ve been mapping trends in the UK’s retirement saving for 20 years and while automatic enrolment has been a gamechanger in kickstarting pensions saving for millions of workers, 39% (around 15 million) still risk facing poverty in retirement and action needs to be taken while there’s still time.

    Bringing all the right groups and the pensions industry together in this way made real progress last time, and we look forward to supporting the Commission in getting closer to cracking the pension crisis.

    Updates to this page

    Published 21 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Development Asia: Enhancing the Enabling Environment for SMEs in the Lao PDR

    Source: Asia Development Bank

    The government should streamline business formalization and reduce entry costs for SMEs. To achieve this, the government should fully digitize the business registration process and ensure platforms are user-friendly and accessible to enterprises of all sizes. Registration procedures should be consolidated into a single step across all provinces, including for enterprises subject to additional regulatory oversight under the “control list.” In parallel, eliminating registered capital requirements and simplifying the fee structure, based on enterprise type rather than location or sector. would further lower barriers to entry and incentivize compliance.

    Simplifying the tax system will reduce burdens and encourage formal participation. Abolishing the renewal requirement for tax TINs would eliminate an unnecessary administrative burden and reduce opportunities for informal payments. Tax reporting procedures, particularly for micro and small enterprises, should be simplified and adapted to reflect firms’ varying accounting capacities. The expansion of online tax filing systems and electronic bank transfer mechanisms would improve compliance and reduce transaction costs. Additionally, linking tax compliance to access to credit by using tax history as a basis for creditworthiness can incentivize more accurate income reporting and formal participation in the financial system.

    Modernizing institutions and scaling up e-governance will improve regulatory transparency. To reduce discretionary enforcement and promote a predictable regulatory environment, the government should expand e-government platforms for approvals, licensing, and compliance reporting. Standardized digital procedures will enhance predictability and reduce reliance on informal networks. Ensuring the consistent application of national policies across provinces is essential to providing a level playing field for businesses and increasing confidence in public institutions.

    Investments in infrastructure and skills are essential to strengthen the enabling environment. Improving the SME operating environment requires sustained investment in reliable electricity, roads, and telecommunications—especially in underserved or high-potential regions. Regulatory enforcement mechanisms should be used to ensure the quality and maintenance of infrastructure assets, such as enforcing vehicle weight limits to preserve roads. At the same time, labor market competitiveness should be addressed through wage policy reform and improved retention strategies, including vocational and on-the-job training programs that align more closely with private sector needs.

    Targeted support for women entrepreneurs can unlock inclusive business growth. To increase women’s participation in the formal economy, it is important to recognize the impact of unpaid care responsibilities and promote family-friendly workplace policies. Introducing tax concessions for childcare expenses and expanding mobile-enabled platforms would enhance access to services and information for women entrepreneurs. Targeted training programs, combined with improved access to digital trade platforms, will help address gender-specific barriers in trade, formalization, and enterprise growth.

    [1] The ProFIT survey is a collaborative effort between the Asian Development Bank (ADB), the Asia Foundation, the Department of Foreign Affairs and Trade (DFAT) of the Government of Australia, and the Lao National Chamber of Commerce and Industry (LNCCI).

    MIL OSI Economics –

  • India’s GDP to grow at 6.5% in FY26; inflation expected to average 4%: Crisil

    Source: Government of India

    Source: Government of India (4)

    India’s gross domestic product (GDP) is projected to grow at 6.5% in the current fiscal year (FY26), driven by improving domestic consumption and other positive indicators, according to a report released by Crisil on Monday.

    The Crisil Intelligence near-term outlook highlighted global uncertainty stemming from US tariff actions as the primary risk to India’s growth. However, it noted that the economy is likely to be supported by an above-normal monsoon, income tax relief, and the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) rate cuts.

    GDP growth accelerated to 7.4% year-on-year in the fourth quarter of FY25, up from 6.4% in the previous quarter. Overall, GDP grew by 6.5% in FY25.

    The report also pointed to a significant decline in inflation, with the Consumer Price Index (CPI) inflation falling to 2.1% in June – its lowest in 77 months – driven by negative food inflation.

    “Given the current inflation trajectory, an above-normal monsoon forecast, and expectations of soft global oil and commodity prices, we project average CPI inflation to ease to 4% this fiscal, down from 4.6% last fiscal,” the report stated.

    Crisil also anticipates one more repo rate cut by the RBI this fiscal, followed by a pause.

    “The MPC cut the policy rate by 100 basis points between February and June 2025. Its shift in stance from accommodative to neutral in June reflects the front-loading of rate cuts and a data-dependent approach going forward,” it said. The 100 bps Cash Reserve Ratio (CRR) cut will be implemented in four tranches between September and November 2025.

    On the fiscal front, the Union Budget has targeted a reduction in the central government’s fiscal deficit to 4.4% of GDP this fiscal, down from 4.8% in FY25.

    Gross market borrowing is estimated at ₹14.8 lakh crore for this fiscal – 5.8% higher year-on-year – with 54% of the budgeted borrowing planned for the first half of the fiscal, the report added.

    As of May, the fiscal deficit stood at 0.8% of the full-year budget target, significantly lower than the 3.1% recorded in the same period last fiscal. This was attributed to higher revenue receipts and lower revenue expenditure.

    The report further projects India’s current account deficit (CAD) to average 1.3% of GDP in FY26, compared to 0.6% in the previous fiscal year.

    (IANS)

  • MIL-OSI Russia: China strongly opposes EU inclusion of Chinese companies in sanctions list 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

    BEIJING, July 21 (Xinhua) — A Chinese Ministry of Commerce spokesperson on Monday expressed strong dissatisfaction and resolute protest over the European Union’s (EU) decision to include some Chinese companies and financial institutions in the 18th round of sanctions against Russia.

    In response to a media question, a spokesman for the agency said the EU, ignoring repeated statements and objections from China, unilaterally included Chinese companies in its sanctions list and imposed fines on two Chinese financial institutions based on unfounded accusations.

    China has consistently opposed unilateral sanctions that have no basis in international law and are not sanctioned by the UN Security Council, the representative of the Ministry of Commerce of the People’s Republic of China emphasized.

    According to him, the EU’s actions contradict the consensus reached between the leaders of China and the EU and will have a serious negative impact on trade and economic ties and financial cooperation between the two sides.

    China calls on the EU to immediately stop the wrong practice of including Chinese enterprises and financial institutions on the sanctions list, the ministry spokesman said, adding that the Chinese side will take necessary measures to resolutely protect the legitimate rights and interests of domestic companies and financial institutions. -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 United Kingdom: Powerful water ombudsman to support customers with complaints

    Source: United Kingdom – Government Statements

    Press release

    Powerful water ombudsman to support customers with complaints

    Environment Secretary Steve Reed to establish consumer champion with legal powers as part of ‘root and branch’ reform

    Water customers will have more support than ever before when faced with leaking pipes, incorrect bills or water supply issues, Environment Secretary Steve Reed has announced today (Monday 21 July)

    It comes as the government is set to reestablish partnership between water companies, investors and communities to keep our waters clean.

    The government will create a water ombudsman with legal powers to protect customers in disputes with their water company. Customers will be able to use a single, free point of contact.  

    It will build on the Consumer Council for Water’s role, which is currently voluntary for water companies to follow. The changes will bring dispute resolution processes for water in line with other utilities – like energy – and are part of the government’s actions to put customers at the heart of water regulation.

    Steve Reed is expected to announce ‘root and branch’ reforms on Monday to
    clean up rivers, lakes and seas and make the water sector one of growth and opportunity that serves hard-working families and businesses, as part of our Plan for Change.

    He is expected to make assurances that government action will protect hardworking families from massive water bill hikes in future.

    In a speech following the report’s publication, Environment Secretary Steve Reed is expected to say:

    The water industry is broken. Our rivers, lakes and seas are polluted with record levels of sewage. Water pipes have been left to crumble into disrepair. Soaring water bills are straining family finances.

    Today’s final report from Sir Jon Cunliffe’s Independent Water Commission offers solutions to fix our broken regulatory system so the failures of the past can never happen again. 

    The government will introduce root and branch reform in the biggest overhaul of water regulation in a generation.

    We are establishing a new partnership where water companies, investors, communities and the government will work together to clean up our rivers, lakes and seas for good.

    The Secretary of State has pledged that the government will cut sewage pollution in half within five years, making our rivers the cleanest since records began.

    The government has already taken decisive action to clean up England’s waterways. 

    • Record investment: with £104 billion to upgrade crumbling pipes and build sewage treatment works across the country. 
    • Ringfence customers’ bills for upgrades: customer bills earmarked for investment must now be spent on new sewage pipes and treatment works – not spent on shareholder payments or bonuses. 
    • Reinvesting company fines into local projects: with over £100million being invested into local clean-up projects in communities. 
    • Largest budget for water regulation: the Environment Agency received a record £189 million to fund hundreds of enforcement officers to inspect and prosecute polluting water companies.
    • Polluter Pays: companies will now cover the cost of prosecutions and successful investigations into pollution incidents, enabling the regulator to hire more staff and pursue further enforcement activity. 
    • Banning wet wipes containing plastic in England: introducing legislation to reduce microplastics in our waters.
    • The Water (Special Measures) Act: banned unfair bonuses for ten polluting water bosses this year and threatened prison sentences for law-breaking executives.

    We will work with the Welsh government to ensure reforms protect water customers across both England and Wales.

    Notes to editors: 

     Last October, the Environment Secretary asked the former Deputy Governor of the Bank of England, Sir Jon Cunliffe, to undertake the biggest review of the water sector since privatisation. The final report will be published on Monday 21 July. 

    An ombudsman to champion customers    

    • The current system for dealing with complaints lacks any teeth and too often leaves customers with nowhere to go. With no binding consumer watchdog, customers risk being left stranded.  

    • Water customers shouldn’t have to figure out who to contact and how to contact them if something has gone wrong – they should know exactly where to turn and be confident their problem will be listened to and resolved. 

    • The new measures will establish a new level playing field between customers and companies. This builds on our reforms to double automatic payments when water companies fail to deliver adequate standards of service and place customers at the heart of water company purpose.    

    • Following the Independent Water Commission’s final report, we will look at the CCW’s role as part of a reformed regulator. We’re clear there will be no additional ALB’s as part of our productive and agile state agenda.

    Updates to this page

    Published 21 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: IDEX Biometrics ASA – Contemplated Fully Underwritten Private Placement – 21 July 2025

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

    Oslo, Norway, 21 July 2025

    IDEX Biometrics ASA (“IDEX” or the “Company”) has engaged Arctic Securities AS (the “Manager”) to advise on and effect a contemplated private placement in the Company of 9,090,909 new shares in the Company (the “Offer Shares”) raising gross proceeds of NOK 30 million (the “Private Placement”). The subscription price per Offer Share (the “Offer Price”) is NOK 3.30 per Offer Share.

    Altea AS, Pinchcliffe AS (closely associated company of the CEO and CFO, Anders Storbråten), Anders Storbråten, Charles Street International Ltd. (Robert Keith) and K-Konsult AS (closely associated company of the chairperson of the board of directors, Morten Opstad) (the “Underwriters”) have, subject to customary conditions, accepted to be allocated Offer Shares that are not applied for during the Application Period (as defined herein) for up to NOK 30,000,000 pursuant to an underwriting agreement entered into with the Company (the “UWA“). An underwriting fee equal to 5% of the underwriting commitment by each Underwriter will be payable by the Company to each of the Underwriters in the form of a total of 454,542 new shares in the Company (the “Underwriting Shares“), subject to the approval and issuance of the Underwriting Shares by the EGM (as defined herein).

    The net proceeds from the Private Placement will be used to Company’s commercialization efforts in line with the new business strategy announced in March 2025 as well as for general corporate purposes.

    The application period for the Private Placement will commence today, 21 July 2025 at 09:00 CEST and is expected to close no later than 21 July 2025 at 16:30 CEST (the “Application Period”). The Company, in consultation with the Manager, reserves the right to at any time and in its sole discretion resolve to close or extend the Application Period or to cancel the Private Placement in its entirety without further notice. If the Application Period is shortened or extended, any other dates referred to herein may be amended accordingly.

    The final number of Offer Shares will be determined at the end of the Application Period, and the final allocation will be made at the sole discretion of the Board after consulting with the Manager. The allocation will be based on criteria such as (but not limited to) timeliness of the application, relative order size, sector knowledge, investment history, perceived investor quality and investment horizon. The Board may, at its sole discretion, reject and/or reduce any applications. There is no guarantee that any applicant will be allocated Offer Shares. Notification of allotment and payment instructions is expected to be issued to the applicants on or about 22 July 2025 through a notification to be issued by the Manager.

    The Private Placement will be divided into two tranches: Tranche 1 (“Tranche 1”) will consist of up to 4,731,594 Offer Shares, which may be issues based on the current outstanding authorization to issue new shares given to the Company’s board of directors (“Board”) by the annual general meeting on 21 May 2025 (the “Authorization”) and Tranche 2 (“Tranche 2”) will consist of the number of Offer Shares that, together with the Tranche 1 shares, is necessary in order to raise gross proceeds of NOK 30 million. The issuance of Offer Shares in Tranche 2 remains subject to approval by an extraordinary general meeting, scheduled to be held on or about 14 August 2025 (the “EGM”). Applicants will receive a pro rata portion of shares from Tranche 1 and Tranche 2 based on their overall allocation in the Private Placement, with the exception of the Underwriters which has agreed that the new shares it is allocated in the Private Placement will all be allocated in Tranche 2.

    Tranche 1 will be settled with existing and unencumbered shares in the Company that are already listed on Oslo Børs, pursuant to a share lending agreement entered into between the Company, the Manager and an existing shareholder (the “Share Lending Agreement”). The Share Lending Agreement will be settled with new shares in the Company to be resolved issued by the Board pursuant to the Authorization. Settlement of the Private Placement is expected to take place on a delivery versus payment basis on or about 24 July 2025.

    The completion of Tranche 1 is subject to (i) approval by the Board under the Authorization and (ii) the Share Lending Agreement and the UWAs remaining in full force and effect (”Tranche 1 Conditions”). The completion of Tranche 2 is subject to (i) completion of Tranche 1, (ii) approval by the EGM and (iii) the Share Lending Agreement and the UWA remaining in full force and effect (”Tranche 2 Conditions”). Both the Tranche 1 Conditions and the Tranche 2 Conditions include the share capital increase pertaining to the issuance of the allocated Offer Shares under such tranche being validly registered with the Norwegian Register of Business Enterprises and the allocated Offer Shares being validly issued and registered in the Norwegian Central Securities Depository Euronext Securities Oslo (“VPS”), Completion of Tranche 1 is not conditional upon completion of Tranche 2, and acquisition of shares in Tranche 1 will remain final and binding and cannot be revoked or terminated by the respective applicants if Tranche 2 is not completed. The Board reserves the right to cancel, and/or modify the terms of the Private Placement, at any time and for any reason prior to delivery of the Offer Shares in Tranche 1, without or on short notice. The Applicant acknowledges that Tranche 1 and Tranche 2 of the Private Placement will be cancelled if the relevant conditions for such tranches (or issuance) are not fulfilled, and may be cancelled by the Board in its sole discretion for any other reason whatsoever prior to delivery of the Offer Shares in Tranche 1. Neither the Manager nor the Company will be liable for any losses if the Private Placement is cancelled or modified, irrespective of the reason for such cancellation or modification.

    The Private Placement will be directed towards Norwegian and international investors, subject to applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions. The minimum application and allocation amount has been set to the NOK equivalent of EUR 100,000. The Company may however, at its sole discretion, allocate amounts below EUR 100,000 to the extent exemptions from the prospectus requirements in accordance with applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.

    The Board has considered the contemplated Private Placement in light of the equal treatment obligations under the Norwegian Securities Trading Act and Oslo Børs’ Circular no. 2/2014 and deems that the proposed Private Placement would be in compliance with these requirements. The Board holds the view that it will be in the common interest of the Company and its shareholders to raise equity through a private placement, in view of the current market conditions and the growth opportunities currently available to the Company. A private placement enables the Company to raise capital in an efficient manner, and the Private Placement is structured to ensure that a market-based subscription price is achieved. In order to limit the dilutive effect of the Private Placement and to facilitate equal treatment, the Board will consider carrying out a subsequent offering directed towards shareholders who did not participate in the Private Placement (see details below).

    The Subsequent Offering
    Subject to among other things (i) completion of the Private Placement, (ii) relevant corporate resolutions including approval by the Board and an extraordinary general meeting, (iii) the prevailing market price of IDEX’s shares being higher than the Offer Price, and (iv) approval of a prospectus by the Norwegian Financial Supervisory Authority, IDEX will consider whether to carry out a subsequent offering (the “Subsequent Offering”) of new shares in the Company. A Subsequent Offering will, if made, be directed towards existing shareholders in the Company as of 21 July 2025, as registered in IDEX’s register of shareholders with Euronext Securities Oslo, the central securities depositary in Norway (Nw. Verdipapirsentralen) (the “VPS”) two trading days thereafter, who (i) are not allocated Offer Shares in the Private Placement, and (ii) are not resident in a jurisdiction where such offering would be unlawful or would (other than Norway) require any prospectus, filing, registration or similar action (the “Eligible Shareholders”). The Eligible Shareholders are expected to be granted non-tradable allocation rights. If carried out, the subscription period in a Subsequent Offering is expected to commence shortly after publication of the Prospectus (if relevant), and the subscription price in the Subsequent Offering will be the same as the Offer Price in the Private Placement. IDEX will issue a separate stock exchange notice with further details on the Subsequent Offering if and when finally resolved.

    About IDEX Biometrics ASA
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5 -12 of the Norwegian Securities Trading Act. This stock exchange release was published by Kjell-Arne Besseberg, Chief Operating Officer, on 21 July 2025 at 07.30 CEST.

    Important information:
    This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

    The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or its securities in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to “qualified institutional buyers” as defined in Rule 144A under the Securities Act.

    In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression “EU Prospectus Regulation” means Regulation 2017/1129 as amended together with any applicable implementing measures in any Member State.

    This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

    Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “strategy”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control.

    Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company’s services, changes in the general economic, political and market conditions in the markets in which the Company operate, the Company’s ability to attract, retain and motivate qualified personnel, changes in the Company’s ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document.

    The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

    Neither the Manager nor any of their affiliates make any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.

    This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. Neither the Manager nor any of their affiliates accept any liability arising from the use of this announcement. 

    The MIL Network –

  • MIL-OSI Russia: Goods from Belarus were imported to Xinjiang for the first time through the border trade zone located at the Khorgos checkpoint.

    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 21 (Xinhua) — A batch of crystal goblets from Belarus cleared customs and entered the Horgos border trade zone in northwest China’s Xinjiang Uygur Autonomous Region on Saturday, becoming the first batch of goods imported from Belarus to Xinjiang under the trade regime in the zone, filling a gap in direct trade between the region and Belarus, according to the press service of the Horgos city government.

    These goods from Belarus weigh more than 3 tons and cost 340 thousand yuan (approximately 47.54 thousand US dollars) include 25 items, said a representative of the border trade zone at the Khorgos checkpoint, adding that the zone is focused on importing specific goods from Uzbekistan, Kyrgyzstan, Kazakhstan, Russia and other countries to expand the range of imported products.

    According to the city’s Commerce Bureau, in the first six months of this year, more than 3,820 tons of goods were imported through the border trade zone located at Horgos Port, with the trade volume exceeding 42.9 million yuan, bringing in 429,200 yuan in revenue for local merchants.

    To date, there have been 60 Chinese and foreign trading shops registered in the zone, as well as more than 4,000 local traders on the Chinese side. -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 New Zealand: Innovation and optimisation to improve medicines access

    Source: New Zealand Government

    Associate Health Minister David Seymour has today announced more clear expectations for Pharmac to innovate and optimise to further build on expectations set last year; to deliver the medicines and medical technology that Kiwis need. 

    “Increasing medicines access is one of my greatest priorities. For many New Zealanders, funding for pharmaceuticals is life or death, or the difference between a life of pain and suffering or living freely,” Mr Seymour says.  

    Since my last letter of expectations Pharmac has:

    • Improved overall consultation
    • Added additional consultation to the annual tender process
    • Changed funding criteria based on public feedback, such as the decision to fund two types of oestradiol patches
    • Appointed Natalie McMurtry as the incoming Chief Executive to cement positive change, and continue to move towards a more transparent, inclusive, and people-focused organisation
    • Conducted, and published a report on, the Consumer Engagement Workshop to help reset the Patient-Pharmac relationship
    • Appointed a Consumer Working Group to help reset the Patient-Pharmac relationship
    • Funded access to 66 additional medicines using the Government’s $604 million budget boost over four years which will benefit over 200,000 New Zealanders

    “This is a good start. My letter of expectations for this year makes it very clear that there is still more work to be done. I expect this positive culture shift to continue,” Mr Seymour says. 

    “Pharmac must modernise, or it will fall behind. It needs to adopt faster, smarter processes and explore the use of AI to lift performance.”

    My expectations for this year are that Pharmac should: 

    • Explore how it can optimise medicines assessment and procurement processes to make them more efficient
    • Explore ways to utilise AI to make their processes more efficient
    • Consider the fiscal impacts to the government of funding medicines and medical devices, including costs of societal impacts of funding or not funding a medicine or medical device
    • Be more proactive in engaging with stakeholders
    • Look for new and additional funding opportunities for medicines and medical devices
    • Publish measurable performance metrics and timely decisions to increase transparency
    • Continue to involve patients early in the process and engage with them meaningfully

    “We’re committed to ensuring that the regulatory system for pharmaceuticals is not unreasonably holding back access. It will lead to more Kiwis being able to access the medicines they need to live a fulfilling life,” Mr Seymour says. 

    “I am looking forward to continuing to work with Pharmac as we continue to ensure Kiwis get timely access to medicines and medical devices.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Consumer and Patient Working Group to help Pharmac reset

    Source: PHARMAC

    Patient advocate, Dr Malcolm Mulholland, has been appointed Chair of the new Consumer and Patient Working Group that will help Pharmac reset how it works with consumers.

    Pharmac has committed to a 12-month reset programme to become a more outward-focussed and transparent organisation. This is in response to multiple external reviews over the last few years which sought transformational change in Pharmac.

    The new working group, made up of the consumer and patient community, will decide what Pharmac focuses on for the reset programme, taking a hands-on role in the delivery of the work to ensure it reflects consumers’ needs, values, and perspectives. 

    Acting Pharmac Chief Executive, Brendan Boyle, said Dr Mulholland was selected by the patient advocacy community to lead the group, and brings a lot of mana to the role. 

    “We are grateful that Malcolm, and the other nine members of the working group, have offered to partner with us to help us get the Pharmac reset work right.”

    Dr Mulholland said, “We’ve waited a long time for this opportunity.  The work that Pharmac does is vitally important for the health of patients and their families, and this is why getting Pharmac to work as well as it can, will be the focus of the working group.”

    The working group had their first meeting on Monday 21 July at the Pharmac offices in Wellington. They finalised the group’s terms of reference, confirmed the approach for the reset programme, and agreed the first set of actions to focus on.  

    The consumer and patient working group members are:

    • Dr Malcolm Mulholland MNZM – Patient Voice Aotearoa
    • Libby Burgess MNZM – Breast Cancer Aotearoa Coalition
    • Tim Edmonds – Leukaemia and Blood Cancer NZ 
    • Chris Higgins – Rare Disorders NZ 
    • Francesca Holloway – Arthritis NZ 
    • Trent Lash – Heartbeats Charitable Trust
    • Gerard Rushton – The Meningitis Foundation 
    • Rachel Smalley MNZM – The Medicine Gap
    • Tracy Tierney – Epilepsy NZ
    • Deon York – Haemophilia NZ

    MIL OSI New Zealand News –

  • MIL-OSI Russia: Labubu and Beyond: Deciphering the Rise of China’s ‘Intellectual Property Economy’

    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 21 (Xinhua) — Before 2025, few could have predicted that a quirky plush doll with a toothy smile would capture the hearts of social media users around the world and spark a global buying frenzy. Labubu, created by Chinese toy maker Pop Mart, is becoming a new icon of the “intellectual property economy,” a booming sector in China’s economic landscape.

    A buzzword in China, the “IP economy” refers to the process of transforming intangible cultural assets—such as stories, characters, and brands—into a variety of products and services. The sector spans film and television, video games, animation, cultural creations, consumer goods, and many other areas.

    As the latest example of the IP economy, Labubu is rapidly evolving from a pop culture phenomenon to a high-yield collectible that is taking over the global market. The planet was recently stunned when a mint-colored Labubu doll sold at an auction in Beijing for over 1 million yuan. Fueled by the high demand for the doll, Pop Mart’s revenue in the first quarter of 2025 soared 165-170 percent year-on-year.

    Along with other successful Chinese IP assets such as the animated blockbuster “Ne Zha 2” and the video game “Black Myth: Wukong,” Labubu illustrates a growing trend in China: the transformation of culture and creativity, enhanced by advanced technology, into business opportunities across a wide range of sectors.

    TECHNOLOGICALLY DRIVEN CULTURAL REVIVAL

    With a history of more than five thousand years, China has a wealth of cultural treasures. However, reviving traditional culture in a modern way that appeals to younger generations, who are becoming the main consumer group, remains a challenge.

    With its innovation-driven development strategy and impressive technological achievements, China has paved a new path for cultural revival: transforming cultural classics into IP assets using cutting-edge technology.

    According to Wang Linsheng, a senior researcher at the Beijing Academy of Social Sciences, such a transformation cannot be completed by simply copying ideas and concepts or presenting classics in digital form. Rather, it is a process of reinterpreting objects of the classic cultural layer of Chinese civilization to breathe new life into these eternal treasures.

    “With the support of digital technology, China combines cultural classics with modern IP management methods, aiming to transform traditional elements into products that meet the latest aesthetic trends and consumer demand,” Wang Linsheng said.

    His words are supported by the game “Black Myth: Wukong”, inspired by the classic Chinese literary masterpiece “Journey to the West”. Revealing the legendary adventures of Sun Wukong, also known as the Monkey King, the game uses a range of advanced visual technologies to provide realistic scenes and an immersive experience for players of all cultural backgrounds.

    With its technological reimagining of a classic Chinese story, the game has transcended cultural boundaries and become a global hit. On the day of its official release, Black Myth: Wukong topped the charts of Steam, the world’s largest gaming platform, and has since dominated many other gaming markets around the world.

    Commenting on how technology is fueling China’s current IP boom, Chen Gang, an analyst at Soochow Securities, noted that advanced technologies such as 5G and cloud rendering are helping the country overcome the time and space limitations of traditional communication methods, thereby allowing Chinese cultural and entertainment products to reach a wider audience.

    In recent years, cultural sectors have become a powerful catalyst for China’s economic growth. According to the National Bureau of Statistics, China’s per capita expenditure on education, culture and entertainment reached 3,189 yuan in 2024, up 9.8 percent from a year earlier and accounting for 11.3 percent of the country’s total per capita consumer spending.

    Highlighting the role of IP economy in driving economic growth, Wang Linsheng said IP goes beyond just culture or entertainment. The transformation of cultural classics into IP should be based on modern industrial development models, he added, noting that the process also involves various related sectors related to digital media.

    EMERGING INDUSTRIAL CHAIN

    As China’s IP economy continues to unleash its enormous growth potential, it is fostering an industrial chain that involves more and more upstream and downstream enterprises working together to create high-quality products.

    The Chinese fantasy animated film “Nezha 2,” which has already become the highest-grossing film in Chinese cinema history, has caused a “chain reaction” in various industries. To date, more than 10 types of related products based on the film have been planned and launched.

    Earlier this year, Pop Mart released a series of mystery boxes with a Nezha-themed designer toy on its online store on Tmall, a major Chinese online shopping platform. Just eight days after the series was released, the surprise boxes generated over 10 million yuan in revenue. In addition, other related products such as trading cards and plush toys also gained significant popularity.

    By promoting industrial integration based on original IP assets, China is well positioned to build a full industrial chain covering online literature, film and television, games and related products, said Hong Tao, vice chairman of the China Society for Consumer Economy.

    “This full industrial chain development model can expand the application scenarios of intellectual property and help build bridges between the virtual world and reality, thereby generating greater commercial value and economic benefits,” Hong Tao added.

    To achieve this goal, analysts suggested that the country should promote the harmonization of all links in the industrial chain. This can be achieved through the integration of independent IP objects and their systematic, coordinated development.

    “Chinese IP assets can learn from the Marvel universe, which brings together various superheroes in a single narrative structure,” Chen Gang said, adding that the growth model of the American pop culture icon has shown the way to strengthen the interconnectivity and coordination between different IP assets.

    Looking ahead, Wei Pengju, a scholar at the Central University of Finance and Economics, said China should welcome global cooperation in developing its original IP assets. “In this way, the country can make full use of its IP resources and build an international IP system that integrates both cultural and economic values,” he 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.

    .

    MIL OSI Russia News –

  • MIL-OSI Submissions: Australia – CommBank Next Chapter Innovation partners help to address financial abuse in First Nations communities

    Source: Commonwealth Bank of Australia (CBA)

    CommBank releases its FY26-28 Elevate Reconciliation Action Plan (RAP) .

    CommBank has announced its 2025 Next Chapter Innovation partners, maintaining the program’s focus on supporting innovative, community-led programs that address financial abuse in First Nations communities.  

    This announcement coincides with the release of CommBank’s FY26-28 Elevate Reconciliation Action Plan (RAP) and reflects its ambition to be a trusted partner to First Nations peoples as they achieve their social, cultural and economic aspirations.

    Over the next 18 months two First Nations-led organisations, Mudgin-gal Aboriginal Corporation(NSW) and Mookai Rosie-Bi-Bayan (QLD) will each receive access to grants of up to $200,000 plus tailored non-financial assistance, including, executive mentoring, and capability-building support from across CommBank.

    Supporting solutions designed by the community, for the community

    Now in its third year, CommBank’s Next Chapter Innovation program is part of the bank’s broader commitment to help address domestic and family violence (DFC) and financial abuse, to support victim-survivors on their path to long-term financial independence.  

    Recent research by the Indigenous Consumer Assistance Network (ICAN) highlights that financial abuse can affect First Nations peoples in unique ways. The ICAN report explores how financial control within relationships and the exploitation of cultural obligations can create financial stress. It also emphasises the importance of culturally safe, community-led solutions to overcome barriers to seeking support.

    The Next Chapter Innovation program is investing in First Nations-led place-based initiatives that provide culturally informed, practical responses to financial abuse – creating safer pathways to financial security.

    Introducing CommBank’s 2025 Next Chapter Innovation partners

    This year’s partners were nominated by members of CommBank’s First Nations Employee Network and have been selected for their innovative, community-based approaches to supporting recovery in First Nations communities.

    Mudgin-gal Aboriginal Corporation (NSW) – Mudgin-gal – meaning “Women’s Place”, has stood at the heart of Redfern as a sanctuary for Aboriginal women and families. Entirely led by Aboriginal women, the organisation has become a beacon of community strength, cultural healing, and early intervention in the fight against family violence. Mudgin-gal Aboriginal Corporation will deliver Sacred Circles – trauma-informed, healing-led sessions that blend cultural practice with practical financial education, supporting women’s recovery and financial empowerment.  
    Mookai Rosie-Bi-Bayan (QLD) – With more than 35 years of experience providing healthcare and accommodation services to women and children of Queensland’s Cape York, NPA, and Torres Strait regions, Mookai Rosie-Bi-Bayan is continuing the legacy of their Aunties by establishing the ‘Building Futures, Building Communities’ program. The initiative will create a social enterprise that supports victim-survivor recovery and generates income by harnessing traditional knowledge of plants, to make medicinal healing products, empowering women with both cultural and economic strength.

    CommBank will also continue to work with its 2024 Next Chapter Innovation partners, Strong Women Talking and the Council of Aboriginal Services Western Australia (CASWA).

    Mitchell Heritage, CommBank Executive Manager looking after First Nations business banking and a member of CommBank’s Indigenous Leadership Team said: “CommBank’s Next Chapter Innovation program was established to help break the cycle of financial abuse and empower people to rebuild long-term financial independence. This year, we are pleased to support First Nations communities through the program by investing in innovative, culturally informed programs. We are proud to back community-led organisations that are delivering real change on the ground.”

    For further details on CommBank’s Next Chapter support, visit: commbank.com.au/nextchapter

    CommBank launches FY26-28 Elevate RAP

    This announcement aligns with the delivery of the Bank’s eighth Reconciliation Action Plan. Through the FY26-28 RAP, CommBank has reaffirmed its commitment to deliver 12 reconciliation priorities that will strengthen the Bank’s engagement with First Nations people across four key areas – reconciliation and community, education and careers, business success and growth, and financial inclusion.

    In endorsing the Bank’s latest RAP, Karen Mundine, CEO of Reconciliation Australia said: “Commonwealth Bank’s FY26-28 Elevate RAP sets out their priorities in further strengthening their engagement with First Nations peoples. It builds on the Bank’s previous reconciliation commitments; through listening to the voices and expertise of First Nations people and using that knowledge to continually expand their strategies, the Bank demonstrates a sustainable approach to their reconciliation program, now and into the future.”

     For further details on CommBank’s FY26-28 Elevate RAP, including the Bank’s FY26-28 RAP priorities, visit: commbank.com.au/reconciliation.

    Anyone worried about their finances because of domestic or family violence or coercive control can contact the Next Chapter Team on 1800 222 387 for support – no matter who they bank with. 

    If you or someone you know is experiencing domestic or family violence, call 1800RESPECT (1800 737 732) or visit www.1800RESPECT.org.au or 13 YARN (13 92 76 or www.13yarn.org.au).

    In an emergency or if you’re not feeling safe, always call 000.

    Further information: demonstrated impact of the Next Chapter Innovation program through independent evaluation

    An independent evaluation of CommBank’s Next Chapter Innovation program conducted by UNSW found that the first cohort of partners delivered significant outcomes, with broad reach across communities and the sector.  

    Key program results:  

    Engagement with nearly 600 clients and service users.
    Collaboration with more than 150 stakeholders through workshops and consultations.
    The development of two new practice models and guidelines to strengthen responses to financial abuse.

    Unique achievements of the individual partners include:

    • Afghan Women on the Move worked with 500 Afghan and multicultural women to build financial skills, improve digital literacy, recognise financial abuse and explore employment and small business opportunities  
    • YFS Ltd enhanced sector-wide knowledge of technology facilitated abuse, engaging 90 victims-survivors and 133 sector workers to improve safety, wellbeing and response capability. 
    • EACH engaged 35 national stakeholders to co-design a service model addressing financial abuse in small business, intended for future implementation through a National Centre for Financial Abuse in Small Business. 
    • Indian (Sub-Cont) Crisis Support Agency developed a framework for communities and practitioners to better identify and respond to dowry abuse in South Asian communities.

    MIL OSI – Submitted News –

  • MIL-OSI New Zealand: Cost-of-living keeps rising for those who can least afford it

    Source: NZCTU

    Data released by Statistics New Zealand today shows that the cost-of-living crisis is getting worse as inflation as measured by the Consumer Price Index rose annually to 2.7%, said NZCTU Te Kauae Kaimahi Economist Craig Renney.

    “This marks the third straight quarter in which annual inflation has increased, up from 2.2% in December 2024. A key reason why inflation didn’t break out of the 1-3% target barrier is that petrol pricing was down. Excluding petrol, annual inflation was 3.2%,” said Renney.

    “The data shows that prices rose most in areas that are particularly hard to manage for middle- and low-income groups. Household energy rose 9.1%, with gas prices rising 15.4%. Dairy and eggs rose 9.9%. Dwelling and contents insurance rose 10%. Rates are up 12.2%.

    “This increase is likely to put further pressure on households, particularly those on the minimum wage – who received a pay rise of just 1.5% in April. When last measured, 48% of workers got a pay rise less than 2%, while 59% got a pay rise less of than 3%. It is these workers who are paying the price of the cost-of-living crisis.

    “The Government has made a mess of the economy. Rents are still rising faster than general inflation, despite billions in tax breaks. Food pricing is rising at 4.2% despite the governments claims to be focused on supermarket competition. Workers are paying the price for the Government’s inaction.

    “The economy is stumbling and is likely heading back to negative growth, and the Government has consistently cut investment. Trade tariffs and uncertainty are likely to add further concerns to growth. The cost of tertiary education rose significantly due to the removal of first year free – making it harder to access skills training during rising unemployment,” said Renney.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Failings around known and avoidable risks identified in Maritime NZ prosecution of stevedoring company

    Source: Maritime New Zealand

    A strong reminder has been sent to a stevedoring company and others in the industry after a stevedore was badly injured while unloading cargo.

    Qube Ports NZ Limited was recently sentenced in the Tauranga District Court in relation to a 2022 incident onboard the bulk carrier, Daiwan Hero. It had previously pleaded guilty to breaching its duty as a Person Conducting a Business or Undertaking (PCBU), by exposing an individual to a risk of death or serious injury under the Health and Safety at Work Act 2015.

    The incident resulted in a stevedore falling about six metres while removing cardboard and debris in the hold. They suffered numerous injuries to their legs, requiring surgery.

    When the incident occurred, large tissue pulp reels were being unloaded from the vessel. These were stacked up to nine metres on top of each other.  

    Maritime NZ Investigations Manager, John Maxwell, says while there were safety processes in place to reduce the potential for a fall from height, the operator did not meet all the safety standards required to protect its workers on this occasion.  

    “Despite the relevant safety documentation being in place, Qube failed to implement the identified safety measures within its operating procedures,” Mr Maxwell says.

    Working from heights is a known critical risk. The outcome is an important message for operators to properly ensure critical risks are appropriately controlled in order to keep people safe.

    In sentencing Judge Mason made orders totalling just over $300,000 against Qube Ports NZ Limited.

    MIL OSI New Zealand News –

  • MIL-OSI China: Britain’s job market sliding under rising labor cost, US tariff threat

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

    Photo taken on Jan. 18, 2022 shows a job center sign in Manchester, Britain. [Photo/Xinhua]

    Britain’s job market continues to show clear signs of weakening, with unemployment rising and recruitment stagnating amid escalating labor costs and external economic pressures. Experts have warned that uncertainty stemming from U.S. tariffs is further exacerbating the situation.

    Data released by the Office for National Statistics (ONS) on Thursday revealed that the country’s unemployment rate for people aged 16 and over stood at 4.7 percent during the March-May period of 2025. This marks a notable increase both year-on-year and quarter-on-quarter, pushing the rate to its highest level in nearly four years.

    The ONS figures also showed job vacancies climbing to new highs, indicating that despite a growing number of unemployed individuals, businesses are still struggling to fill positions.

    “The government’s tax rises, a higher minimum wage and the U.S. trade war are hitting the jobs market,” Financial Times reported.

    David Bharier, head of research at the British Chambers of Commerce (BCC), told Xinhua that steep increases in national insurance contributions and the national living wage weigh heavily on the latest employment data.

    “BCC research shows that recruitment remains challenging, and businesses cite labor costs as the biggest pressure,” Bharier said. “This mounting financial pressure, alongside pervasive skills shortages, remains a massive challenge for business, presenting big risks to investment and productivity.”

    According to Bharier, the BCC’s most recent economic forecast suggests hiring will remain subdued and the unemployment rate is expected to stay largely static. “We currently forecast a rate of 4.6 percent at the end of 2027,” he said.

    Tina McKenzie, policy chair of the Federation of Small Businesses (FSB), stressed that the latest trends paint a worrying picture for Britain’s small business sector.

    “New FSB research has found that twice as many small businesses shed staff in the second quarter of 2025-20 percent-than increased their employee numbers,” she said.

    For the first time in the 15-year history of the FSB’s quarterly Small Business Index, more small businesses expect to shrink or close over the next 12 months than those that expect to expand. “That’s more than alarming for the economy and for communities across Britain where these hard-working businesses operate,” she said, noting that small businesses currently provide more than 16 million jobs in Britain-over half of all private sector employment.

    Experts also believe the ongoing threat of U.S. tariffs is contributing to the negative data and will continue to influence Britain’s job market and economy in the long term, despite the existence of a trade agreement.

    William Bain, head of policy at the BCC, said their April survey revealed that 62 percent of firms exporting to the U.S. had been affected by rising costs and order book pressures caused by higher U.S. tariffs, a sentiment that aligns with the rising unemployment figures reported by the ONS.

    David Bailey, professor of business economics at the University of Birmingham, noted that U.S. tariffs are impacting Britain’s export-driven sectors and, in turn, the job market.

    “Even though Britain has got this deal with Trump on tariffs, the tariffs are still going up from 2.5 percent to 10 percent. It may not be 25 percent, but it’s still going to affect exports from Britain and therefore hit economic growth,” Bailey said, adding that this uncertainty for British firms, combined with the government’s “mistake” of raising national insurance contributions alongside the higher minimum wage, has contributed to the sluggish employment situation. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Inflation remains within target range

    Source: New Zealand Government

    New data released today shows inflation remains under control, Finance Minister Nicola Willis says.

    Stats NZ released the Consumers Price Index today, showing inflation increased slightly to 2.7 per cent in the 12 months to the June 2025 quarter, remaining in the Reserve Bank’s target range.

    “It’s the fourth consecutive quarter inflation has remained within the target range – a stark contrast to under the previous government, where inflation raged on unchecked, reaching 7.3 per cent in 2022,” Nicola Willis says.

    “New Zealanders can be assured it now has a Government that is paying attention to forces that affect their cost of living.

    “It’s pleasing to see non-tradeables inflation – which paints a picture of domestic demand and supply conditions – continues to fall.

    “However, the effect of council rates on inflation is a concern.”

    Stats NZ noted the largest single contributor to annual inflation was local authority rates and payments, which rose 12.2 per cent in the year.

    “That’s why this Government has also been clear in its call to councils to focus on the basics and keep rates under control. We look forward to councils taking heed of this and playing their role as stewards of ratepayers’ money better in the future.

    “External pressures on inflation remain, and we must remain cautious – it’s a reminder that the economic recovery is not to be taken for granted.

    “That’s why this Government is focused on economic growth, because that is New Zealand’s pathway to more jobs, higher incomes and the money to pay for schools, hospitals and safer communities.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economy – Cost-of-living keeps rising for those who can least afford it – CTU

    Source: NZCTU Te Kauae Kaimahi

    Data released by Statistics New Zealand today shows that the cost-of-living crisis is getting worse as inflation as measured by the Consumer Price Index rose annually to 2.7%, said NZCTU Te Kauae Kaimahi Economist Craig Renney.

    “This marks the third straight quarter in which annual inflation has increased, up from 2.2% in December 2024. A key reason why inflation didn’t break out of the 1-3% target barrier is that petrol pricing was down. Excluding petrol, annual inflation was 3.2%,” said Renney.

    “The data shows that prices rose most in areas that are particularly hard to manage for middle- and low-income groups. Household energy rose 9.1%, with gas prices rising 15.4%. Dairy and eggs rose 9.9%. Dwelling and contents insurance rose 10%. Rates are up 12.2%.

    “This increase is likely to put further pressure on households, particularly those on the minimum wage – who received a pay rise of just 1.5% in April. When last measured, 48% of workers got a pay rise less than 2%, while 59% got a pay rise less of than 3%. It is these workers who are paying the price of the cost-of-living crisis.

    “The Government has made a mess of the economy. Rents are still rising faster than general inflation, despite billions in tax breaks. Food pricing is rising at 4.2% despite the governments claims to be focused on supermarket competition. Workers are paying the price for the Government’s inaction.

    “The economy is stumbling and is likely heading back to negative growth, and the Government has consistently cut investment. Trade tariffs and uncertainty are likely to add further concerns to growth. The cost of tertiary education rose significantly due to the removal of first year free – making it harder to access skills training during rising unemployment,” said Renney.

    MIL OSI New Zealand News –

  • MIL-OSI China: Zoom in on 3rd CISCE from three perspectives

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

    The third China International Supply Chain Expo (CISCE), which concluded on Sunday in Beijing, has reinforced its role as a vital platform for promoting resilient, diversified and cooperative global supply chains, with a promising increase in international collaborations.

    With over 6,000 cooperation agreements and partnership intents reached this year, the world’s first national-level exhibition dedicated to supply chains is steadily transforming the global supply network into a chain of shared benefits for all.

    “This event is much more than an expo. It is a forest of connections between economies, industries and people,” John Denton, the secretary-general of the International Chamber of Commerce, said at the opening ceremony. “We are here together to advance our shared prosperity.”

    Innovation

    After three editions, CISCE has built a reputation as a hub of technological innovation in supply chain and a striking showcase for China’s new quality productive forces.

    “Innovation is the defining feature of CISCE and the source of its vitality,” said Yu Jianlong, the vice chairman of the China Council for the Promotion of International Trade (CCPIT), organizer of the expo.

    This year’s expo showcased an array of standout technologies, including a humanoid robot equipped with Nvidia chips, an AI-supported car paint defect inspection system, and a hydrogen energy supply chain display based on liquid hydrogen technology.

    Beyond the high-tech products dazzling eager audiences, this edition of the expo also spotlighted a deeper question: how to transform technological achievements into powerful drivers of industrial development.

    This year’s CISCE featured, for the first time, a dedicated innovation chain zone. Though modest in size, the zone brings together a diverse range of 14 participating institutions, including the World Intellectual Property Organization and the China National Intellectual Property Administration. These exhibitors represent key players across various stages of science and technology commercialization, ranging from policy-making and technology transfer to innovation incubation, and provide targeted solutions to critical challenges in transforming technological achievements.

    “Here in China, people are so advanced. The technology adoption is so fast,” said Jensen Huang, Nvidia CEO, during an interview on the sidelines of the expo, citing many examples of how China’s innovative applications are setting global trends — with companies worldwide learning from its practices.

    Cooperation

    As an international expo shared by the world, the CISCE continues to promote inclusive and mutually beneficial cooperation globally. Through the expo, an increasing number of international participants are aligning with the world’s most comprehensive supply chain while keeping pace with its rapid development.

    According to the data from CCPIT, the expo has seen a steady rise in international participation. The proportion of overseas exhibitors has grown from 26 percent in the first edition to 32 percent in the second, and reached 35 percent this year. Over 65 percent of the exhibitors are Fortune Global 500 companies or industry leaders. Meanwhile, the geographic reach of participants has expanded from 55 countries and regions in the inaugural expo to 75 in the latest edition.

    Major multinational companies have utilized CISCE to strengthen local partnerships and expand their presence in China. “Over the past three years at CISCE, we’ve showcased progress alongside our suppliers in smart manufacturing, green manufacturing and talent development,” Isabel Ge Mahe, Apple’s vice president and managing director of Greater China, told Xinhua.

    She highlighted Apple’s 20 billion U.S. dollars investment in China over the past five years, primarily focused on innovation and supply chain advancements, and praised China’s dynamic innovation ecosystem and sophisticated smart supply chains. “We are deeply rooted here, incredibly proud of the supply chain we helped build, and will continue to invest and innovate with our local partners.”

    Domestic provinces also used the expo to court supply-chain partners. At a side event, southwest China’s Sichuan Province drew foreign giants with its complete industrial chain, pro-business climate and huge market.

    “We entered China more than 40 years ago and we’re still expanding,” said Utsugi Yuyama, executive officer of Japanese material manufacturer AGC Inc. The company already runs chemical and electronic lines in Sichuan and plans more. He hailed the province’s talent pool and comprehensive industrial chain, where local and foreign enterprises integrate to drive growth.

    Greener supply chain

    Green development has increasingly become the foundation and highlight of the expo. How to promote green and low-carbon development across industrial and supply chains has become a notable question at the expo, and an increasing number of major enterprises in their supply chain are stepping up with innovative solutions.

    “Green standards, including carbon tracking and sustainability metrics, are becoming essential across industries,” said Zhou Xing, head of public affairs at PwC China, who identified green transformation as one of the four key trends shaping the current global supply chain restructuring.

    At this year’s expo, multinational companies such as Schneider Electric made their debut, showcasing digital solutions for sustainable supply chain construction. The company is working to establish an efficient and resilient green supply chain that can respond swiftly to market shifts.

    “The supply chain expo provides an important platform for global enterprises, especially in green supply chain construction,” said Yin Zheng, executive vice-president of Schneider Electric and president of its China and East Asia operations. Yin added that Schneider Electric hopes to share its experience and seek more cooperation opportunities through the event.

    Returning to CISCE for the third consecutive year, Starbucks China spotlighted a comprehensive look at the “green path” from coffee bean to brewed cup. According to the company, around 30 percent of its total carbon emissions in China stem directly or indirectly from its own operations, while the remaining 70 percent originate upstream, from sectors like dairy production and logistics.

    To tackle this challenge, Starbucks China announced a strategic partnership with Envision Group, a leading green tech company, at this year’s expo. Over the next three years, the two sides will work together to roll out a digital carbon management platform aimed at gradually covering 100 percent of Starbucks China’s direct suppliers. 

    MIL OSI China News –

  • MIL-OSI: New Prediction Emerges Around Elon Musk’s Next Big Move. Presentation Out Now. 

    Source: GlobeNewswire (MIL-OSI)

    Austin, TX, July 20, 2025 (GLOBE NEWSWIRE) — Could a private meeting featuring Elon Musk signal a major move for Starlink?

    According to a newly published briefing by bestselling author and entrepreneur James Altucher, the answer may be yes. The presentation outlines three overlooked clues—each pulled from publicly available sources—that Altucher believes are converging on August 13, 2025, as a potentially historic milestone.

    A Meeting That Sparked New Questions

    Altucher opens his briefing by citing a recent private gathering with Musk, and industry insiders.

    While details of the meeting have not been made public, Altucher suggests the takeaways coincide with a growing number of statements made by Musk and his executives in recent months.

    A Timeline That Can’t Be Ignored

    In his presentation, Altucher highlights August 13, 2025, as a key date to watch.

    “After this date, the window could slam shut—and you may never have this same chance again,” he writes.

    He calls it “the moment Elon’s been quietly preparing for—building toward it piece by piece over nearly two decades”.

    Altucher: ‘Pay Attention Before the World Catches Up’

    Altucher concludes the presentation with a call to awareness—not speculation.

    “You don’t need to be an expert in satellites or data to understand what’s happening here,” he writes. “You just need to see the signs and act while most people are still asleep”.

    “This is about recognizing a moment in history—before it becomes history,” he adds.

    About James Altucher

    James Altucher is a bestselling author, entrepreneur, and tech commentator. He’s founded or co-founded more than 20 businesses, and his books—Choose Yourself, Reinvent Yourself, and Skip the Line—have sold over 1 million copies worldwide. Altucher’s work has appeared in The Wall Street Journal, The Financial Times, Forbes, and Business Insider. He’s also been featured on CNBC, Fox Business, and other major media outlets. Through his podcast and daily newsletter, Altucher helps readers stay ahead of cultural and technological trends.

    The MIL Network –

  • MIL-Evening Report: Federal election feel like ages ago? Parliament is now back. Here’s your political refresher

    Source: The Conversation (Au and NZ) – By Jill Sheppard, Senior Lecturer, School of Politics and International Relations, Australian National University

    Tracey Nearmy/Getty

    Despite many pre-election predictions, the 48th Australian parliament looks quite similar to the 47th. The Labor Party has greater representation than before: 94 Members of the House of Representatives (up from 77) and 29 Senators (up from 26).

    The Coalition’s numbers were famously smashed at the election, and will be represented by 43 Members and 27 Senators.

    Despite the landslide electoral victory, Labor’s parliamentary position is not materially improved. It retains a majority in the House of Representatives, but Prime Minister Anthony Albanese faces the problem of finding jobs to keep such a large backbench occupied. Restless politicians reliably create havoc for their leaders (just ask Keir Starmer).

    In the Senate, Labor has more possible paths to a majority, but none is particularly pretty. Pre-election, the government required 12 additional senators to support its legislation. Often this support came from the Coalition, with the crossbench bypassed entirely, as in the case of political donation reforms.

    Other reforms, including workplace relations, were passed by a combination of Greens and independent senators.

    Labor can achieve a majority (38 votes) in the new Senate by negotiating with either the Greens or the Coalition. If neither is forthcoming, Labor can then turn to a disparate group of crossbenchers: four One Nation Senators, plus Fatima Payman, Jacqui Lambie, Ralph Babet and David Pocock.



    Read more:
    Grattan on Friday: New parliament presents traps for Albanese and Ley

    Clearing the decks

    How the new Senate configuration affects Labor’s legislative agenda depends on what exactly that agenda looks like.

    Labor went into the 47th parliament emphasising the Voice referendum, COVID and rising inflation.

    At the end of that term, ten bills were listed for debate but were “timed out” by the constitutional requirement to hold an election.

    The most controversial of these is the proposal to add a new 15% tax on superannuation balances of more than $3 million. The Greens, under previous leader Adam Bandt, promised to support the bill in 2023 pending the government extending superannuation to paid parental leave (which was legislated in 2024 and came into effect on July 1 2025).



    Read more:
    Actually, Gen Z stand to be the biggest winners from the new $3 million super tax

    The Greens continue to support the tax proposal in principle, but want the threshold lowered to $2 million.

    One Nation is strongly opposed. The Coalition has expressed willingness to negotiate on the condition that unrealised gains are exempt from valuations.

    The government has also proposed cutting the number of overseas students at Australian universities, ostensibly due to concerns over exploitation of the student visa program. The Greens have called the proposal “disastrous for tertiary education”.

    Pocock and the Coalition have both called for key changes to the bill. Their primary concerns are about a ministerial power to decide appropriate student numbers without parliamentary approval.

    Despite opposing the bill for different reasons, the Greens and Coalition were willing to team up against the government – perhaps foreshadowing strategy in the new parliament.

    What’s on the horizon?

    Labor announced just 15 specific policy proposals before the election. Only two costed promises are registered with the Parliamentary Budget Office. This gives Labor a free hand to determine its policy agenda in the 48th parliament.

    Right out of the gate, the government promised to cut HECS debt by 20%. Given the Greens would wipe all current HECS debt, they seem likely to wave this through the Senate.

    Treasurer Jim Chalmers has since declared that while “the first term was primarily inflation without forgetting productivity, the second term will be primarily productivity without forgetting inflation”.

    In search of new thinking, the government has announced an economic reform roundtable comprising government, business and experts, and covering economic resilience, skills, new technologies, healthcare reform and clean energy.

    Productivity is notoriously difficult to measure and improve. Whether policies arising from the roundtable will pass the parliament remains to be seen.

    However, the government’s invitation to Shadow Treasurer Ted O’Brien was accompanied with commentary that Chalmers does not believe O’Brien or his leader Sussan Ley are “by their nature constructive, collaborative types”.

    Other election policies should be legislated with ease. The Coalition has already supported purchasing the Port of Darwin, promised instant asset write-offs for small business, and pledged to match Labor’s Medicare spending dollar for dollar.

    The Coalition is also likely to support new fast-track training for 6,000 tradies.

    The Greens will likely support pro-worker reforms. These include legislated weekend penalty rates and new mental health spending.

    In general, the government’s stated agenda is incremental and should be achievable in this parliament. If the Greens won’t play ball, the Coalition will be waiting in line.

    This will probably lead to quixotic policymaking as Labor bounces between two ideologically opposed partners.

    Elsewhere, as in the case of the government’s post-election approval of new licences for gas extraction, policy can happen without parliamentary approval at all.

    In such cases, meaningful opposition will come from the cross- and backbenches, full of politicians eager to make a name for themselves.

    Jill Sheppard receives funding from the Australian Research Council. She worked as an adviser to Coalition parliamentarians between 2003 and 2007.

    Patrick Leslie receives funding from the Australian Research Council.

    – ref. Federal election feel like ages ago? Parliament is now back. Here’s your political refresher – https://theconversation.com/federal-election-feel-like-ages-ago-parliament-is-now-back-heres-your-political-refresher-261360

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA News: President Trump Marks Six Months in Office with Historic Successes

    Source: US Whitehouse

    Today, President Donald J. Trump celebrates the most successful first six months in office for any President in modern American history.

    • Congress passed the One Big Beautiful Bill, thereby delivering the largest tax cut in American history, increasing Americans’ take-home pay by as much as $13,300, and terminating benefits for at least 1.4 million illegal immigrants who were gaming the system.
    • Congress passed President Trump’s historic rescissions package, which will save taxpayers $9 billion in wasteful, politically-motivated funding for leftwing foreign aid scams and biased NPR and PBS.
    • The wholesale price of a dozen eggs is down 53%, or $3.09, since the inauguration and is down 62%, or $5.08, from its March peak.
    • The U.S. economy has now added a net of 671,000 jobs since January 2025, with jobs numbers beating expectations four months in a row. Native-born workers have accounted for all job gains, with native-born employment increasing 2,079,000 while foreign-born employment has fallen 543,000.
    • U.S. Customs and Border Patrol encountered just 6,070 illegal immigrants at the southern border in June — setting a new record low (15% lower than the previous record set in March). Additionally, zero illegal immigrants were released into the U.S. on parole in June, compared to 27,766 a year prior.
    • The administration has ramped up deportations, breaking a record for the number of deportation flights in a month in June. President Trump’s self-deportation push has also been a massive success. Additionally, over 600 known and suspected terrorists have been removed from the United States.
    • At President Trump’s direction, U.S. Immigrations and Customs Enforcement has arrested over 100,000 illegal alien criminals, including over 2,700 members of the vicious Tren de Aragua gang.
    • Following President Trump’s declaration of an energy emergency, the U.S. has reached its fastest rate of new oil and gas drilling permits in years, exceeding the Biden administration by 44%.
    • Since President Trump took office, core inflation has tracked at just 2.1% — levels not seen since the first Trump Administration, when prices were low and stable — and has come in below or at economists’ expectations every single month. Meanwhile, wholesale inflation remained flat in June, while import prices came in far below expectations.
    • Summer gas prices reached their lowest point since 2021, and, inflation-adjusted, are near a 20-year low.
    • President Trump’s deregulatory efforts have already saved Americans over $180 billion, or $2,100 per family of four, with the rollback of automobile-related rules alone expected to save consumers more than $1.1 trillion.
    • President Trump secured a historic agreement for NATO members to raise defense spending to 5% of GDP – a foreign policy feat long thought impossible.
    • Under President Trump’s strong and decisive leadership, the U.S. obliterated Iran’s nuclear program.
    • President Trump secured ceasefires between India and Pakistan and Israel and Iran, a peace agreement between Rwanda and the Democratic Republic of Congo, and a pathway to stability for Syria.
    • As a result of his historic peacemaking efforts, President Trump has already received three Nobel Peace Prize nominations since returning to office.
    • In May, blue-collar wage growth saw its largest increase in nearly 60 years since President Trump’s return to office.
    • Companies and foreign governments have pledged over $7.6 trillion in investments into the U.S.
    • The U.S. Treasury has taken in nearly $90 billion in tariff duties since January 2025, with the agency posting a record $27.2 billion surplus in June – the first June surplus since 2005.
    • President Trump has once again proved to be the Dealmaker-in-Chief, inking a minerals deal with Ukraine, a $14 billion “perpetual Golden Share” sale of U.S. Steel, and trade deals with the United Kingdom, China, and Indonesia.
    • President Trump has signed over 170 executive orders, delivering on key campaign promises such as closing the border, protecting children from chemical and surgical mutilation, removing men from women’s sports, unleashing American energy, ending federal censorship, ending the radical indoctrination in K-12 schooling, and ending radical and wasteful government DEI programs and preferencing.
    • The S&P 500 and Nasdaq market indices have reached multiple record highs.
    • The Supreme Court consistently bolstered the Trump administration’s agenda, blocking activist judges from issuing nationwide injunctions, permitting “third-country deportations,” greenlighting the revocation of temporary protected status (TPS) from more than 500,000 migrants and approving efforts to shrink the federal bureaucracy.
    • President Trump signed several pieces of landmark legislation, including the Genius Act, the Halt Fentanyl Act, the Laken Riley Act, and the Take It Down Act.
    • The U.S. Army, Navy, Air Force and Space Force all reached their recruitment goals months in advance.
    • The Trump administration has made incredible strides in its effort to Make America Healthy Again, with roughly 35% of the American food industry making a commitment to eliminate the use of artificial dyes, including Hershey, Consumer Brands and dozens of ice cream companies representing more than 90% of the ice cream volume sold in the U.S.
    • President Trump has ensured U.S. benefit programs serve U.S. citizens, with the administration now having protected more than $40 billion in benefit programs from illegal aliens since POTUS signed an Executive Order in February “Ending Taxpayer Subsidization of Open Borders.”
    • President Trump inked an agreement to provide billions of dollars of military equipment to Ukraine, with NATO footing the bill.
    • President Trump has cracked down on international cartels, designating eight Latin American cartels as terrorist groups, including Tren de Aragua, MS-13 and the Sinaloa Cartel.
    • President Trump has solidified the U.S.’s position as the world leader in artificial intelligence, attracting north of $1 trillion in AI investment, including $90 billion in groundbreaking AI and energy investments in Pennsylvania.
    • The U.S. is on track for its lowest murder rate on record following President Trump’s reinstatement of law and order.
    • Following President Trump’s February executive order, universities and school systems have stopped allowing men in women’s sports, including the University of Pennsylvania, the Virginia High School League and the University of Maine System.
    • Hospitals and hospital systems across the country have halted so-called “gender-affirming care” for minors following President Trump’s executive order “protecting children from chemical and surgical mutilation.”
    • In his first six months, President Trump has met with 23 foreign leaders, including three visits from Israeli Prime Minister Benjamin Netanyahu, as well as two visits from the NATO Secretary General — compared to thirteen foreign leaders and the UN Secretary General, the NATO Secretary General, and the Chinese Foreign Minister for Obama and just five in-person visits for Biden. 

    MIL OSI USA News –