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  • MIL-OSI NGOs: New documentary exposes recycling fallacy and  health impacts of plastic pollution on Kenya’s waste workers

    Source: Greenpeace Statement –

    Link to documentary

    NAIROBI, May 26th, 2025 – Greenpeace Africa has released  ‘ Dumped: A Waste Picker’s Story’, a powerful 18-minute documentary that reveals the harsh reality faced by waste pickers at Nairobi’s notorious Dandora dumpsite while challenging the plastic industry’s recycling narrative.

    The documentary follows Joyce, one of thousands of waste pickers who sort through mountains of plastic waste daily at the dumpsite. Despite working tirelessly to make a living, Joyce suffers from respiratory infections, requiring monthly medical treatment. Her doctor has explicitly linked her deteriorating health to the toxic fumes from burning plastics and pollution at her workplace.

    “What we’re witnessing at Dandora is a public health emergency masked as a waste management solution,” said Gerance Mutwol, Plastics Campaigner at Greenpeace Africa. “Joyce’s story represents thousands of waste pickers across Africa who sacrifice their health daily while the plastic industry uses their labor to greenwash its continued production of single-use plastics. These workers earn pennies while suffering from chronic respiratory diseases, skin conditions, and other serious ailments directly linked to toxic plastic exposure.”

    The documentary dismantles the plastic industry’s narrative that recycling can solve the plastic pollution crisis. In reality, only 9% of all plastic waste ever produced globally has been recycled, with the rest accumulating in landfills, dumpsites, and the natural environment.

    “The recycling myth has been perpetuated by the plastics industry to shift responsibility away from producers and onto consumers and waste workers,” explained Mutwol, “Our investigation reveals that most single-use plastics are not collected by waste pickers. These plastics often end up being burned in open air, releasing toxic chemicals that harm both waste pickers and surrounding communities. The truth is that managing waste is not enough to solve the crisis as long as plastic production continues to increase exponentially.”

    The film documents how low-value plastics like sachets, thin bags, and multilayered packaging have flooded African markets, creating an insurmountable waste management challenge while providing minimal economic benefit to waste pickers.

    Gisore Nyabuti, Secretary General of the Waste Pickers Association, emphasised the need for systemic change: “Our members work in dangerous conditions with little protection or recognition. We need solutions that don’t sacrifice our health and environment. We support a transition to refill and reuse systems that would create safer, more dignified jobs while eliminating the toxic burden of single-use plastics on our communities.”

    The documentary concludes that the only transformative solution to the plastic crisis is the widespread implementation of refill and reuse systems, highlighting successful models already operating in Kenya that demonstrate viable alternatives to the throwaway culture.

    “Dumped: A Waste Picker’s Story” will be launched in 5 countries and is available for online viewing on YouTube.

    Contacts:

    Ferdinand Omondi, Communication and Story Manager, [email protected]

    Gerance Mutwol, Plastics campaigner, [email protected]

    MIL OSI NGO –

  • MIL-OSI Africa: President Ramaphosa highlights importance of US Working Visit

    Source: South Africa News Agency

    President Cyril Ramaphosa has underscored the significance of his recent working visit to the United States, telling Parliament that the engagement was both necessary and timely, given the critical role the US continues to play in South Africa’s economic landscape. 

    “The United States continues to play such a big role in the life of our economy. It was necessary and important for us to go and engage with them, because many of our people’s jobs are dependent on our economic dealings with the United States,” President Ramaphosa said on Tuesday.

    The President was responding to questions from Members of the National Assembly, with economic growth and the cost of living being among issues for deliberation.

    Last week, the President concluded a successful working visit to the United States of America, supported by a delegation of Ministers, eminent South Africans, business and labour. 

    The visit was aimed at resetting and revitalising bilateral relations between South Africa and the US.

    The President explained that the objective of the trip was to engage with the US government to discuss tariffs, investments, and other related matters. It was also to encourage the US President to attend the G20 Summit which South Africa will host and to promote investment by American companies in South Africa and South African companies in the US. 

    He reiterated that the primary goal of the working visit was to reset the relationship between the two countries, recognising the significant economic and political ties. 

    The delegation aimed to address the deteriorating relationship, which was a concern for many in South Africa, and to ensure mutual economic benefits.

    “The issue of relations between South Africa and the United States was an issue that occupied many people’s minds in our country, and many had raised concerns about the deteriorating relationship between our two countries, having recognised the important role that both our countries play in each other’s economy, apart from various political relations, diplomatic relations, and we realised that the impact on our country’s economy would be adverse unless we were able to repair or reset the relationship between our two countries,” the President said. 

    The President highlighted the importance of the United States as a trading partner, with over 600 American companies invested in South Africa, and vice versa.

    READ | SA and US have ‘everything to gain’ from closer relations

    On the economic and sectoral impact, President Ramaphosa detailed that the sectors that would be affected by the relationship with the United States including the agriculture and automotive sector.

    He added that the visit aimed to protect jobs and investments in these sectors by maintaining strong economic ties.

    “A number of our jobs, some of the sectors that would be affected would be agriculture, the auto sector and steel and aluminium sector, and a number of other sectors that make machines, and the mining sector, where we sell critical minerals to the United States, would be adversely affected if the relations were not straightened out. So it was to this end that we were motivated to reset that relationship,” the President explained.

    President Ramaphosa said the second objective was to set up a process of engagement between the United States and South Africa. 

    “There had hitherto been a process of disengaging, where we were no longer really engaging at government level to deal with issues that governments normally deal with on an ongoing basis. And we wanted to engage on tariffs, on investments and related matters,” the President said.

    G20 and resetting relations

    On the Group of Twenty (G20) the President said that the trip aimed to highlight the significance of the G20 process and to encourage US participation.

    “The third objective was to discuss the G20 and to highlight the important role that a country like the United States, which is the largest economy in the world, plays in the activities of the G20 which we are so deeply immersed in and having the responsibility of leading and that it’s important for the United States to engage with the G20 process, and ultimately to entice the leader of the United States to come to the leaders’ summit at the end of the year,” the President said. 

    The President emphasised that despite public perceptions, the delegation had meaningful discussions with President Trump and his representatives, fostering ongoing engagement. 

    He added that the engagement process initiated after the trip has led to discussions on tariffs and investments, indicating a positive reset of relations.

    The reset of relations is believed to have been achieved, with ongoing discussions expected to continue through the G20 process.
    “We do believe that we achieved those objectives. The engagement with the American government has started soon after we left Washington…and there are discussions that are happening in relation to tariffs, in relation to investments, and we’ve believed that we have reset the relationship. 

    “Despite what we could have seen on television, we were able to have a much more meaningful discussion and meeting with President Trump and his representatives during the quiet room where we had lunch together and had meaningful exchanges on a number of issues. And we do believe that the engagement will continue through the G20 process,” the President said.  – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Special Official Funeral Category 1 declared in honour of Ma Gertrude Shope

    Source: South Africa News Agency

    President Cyril Ramaphosa has declared that the late Ma Gertrude Shope, who served the nation as an educator, freedom fighter, trade unionist and Member of Parliament, will be honoured with a Special Official Funeral Category 1 on Saturday, 31 May 2025.

    Ma Shope passed away in her home in Gauteng last week Thursday at the age of 99. 

    President Ramaphosa reiterated his deep condolences to Ma Shope’s family and friends and her political home, the African National Congress.

    “Ma Shope will be honoured with a funeral ceremony that will incorporate military honours. President Ramaphosa has directed that the National Flag be flown at half-mast at flag stations around the country from Wednesday to the evening of the funeral,” the Presidency said in a statement. 

    The Presidency said details of the funeral arrangements will be provided during the course of the week.

    Ma Shope was a recipient of the Order for Meritorious Service (Silver), which recognises South Africans who have rendered exceptional public service.  

    Her sacrifice, service and revolutionary bravery played out in formations from the African National Congress, where she was elected President of the Women’s League in 1990 – to the Federation of South African Women, the World Federation of Trade Unions and the first Parliament of the democratic South Africa. 

    Due to her anti-apartheid activism, Shope was forced to live in exile for nearly 25 years with her husband Mark and her children in countries, including Botswana, Tanzania and Zambia and in the then Czechoslovakia.

    She organised women and communities in the country as well as international organisations to oppose apartheid and alleviate the plight of oppressed communities while the struggle was underway. 

    She also had the distinction of being listed as a co-conspirator in the Rivonia Trial, alongside Oliver Tambo, Joe Slovo, Ben Turok, Duma Nokwe, Joe Modise, Jack Hodgson and others. – SAnews.gov.za 

    MIL OSI Africa –

  • MIL-OSI Africa: Call for collective action to end teenage pregnancy

    Source: South Africa News Agency

    The Department of Women, Youth and Persons with Disabilities has called for a collaborative effort to end the scourge of teenage pregnancy in South Africa, where approximately 30% of teenagers report having been pregnant at some point.

    “While this number has decreased over the past few years, it is still unacceptably high. Teenage pregnancy is a serious public issue and social problem, with 95% occurring in developing countries,” the department said in a statement on Wednesday. 

    The department emphasised that teenage pregnancy is not a challenge that can be addressed by only one government department, but it requires a collective effort with all stakeholders playing their critical roles.

    “There is a need for interventions in the health, education, and social development sectors to lower the prevalence of teenage pregnancy in South Africa. [These should focus on] intensifying health education, particularly sexual and reproductive health, which include the benefits of delaying sexual activity until readiness, consistent and correct contraception use like condoms, or birth control available freely in public health facilities,” the department said.

    The department also acknowledged that several factors contribute to teenage pregnancy, including cultural traditions, socio-cultural dynamics, and religious influences.

    The department added that low socio-economic status, restricted educational opportunities, and premature sexual activity can perpetuate the incidence of teenage pregnancy.

    “Teenage pregnancy in SA is a real issue and has been increasing in all provinces each year [with] higher rates in rural provinces, such as Limpopo, Mpumalanga and Eastern Cape, [compared to] urban provinces, such as Gauteng and Western Cape.”

    The department warned that teenage pregnancy often perpetuates a cycle of poverty, particularly in households where there are no family support structures to care for children, thereby hindering young mothers from continuing their education.

    “Families and communities need to join hands with government authorities and play their role by creating a conducive environment for open and honest discussion about sex education, together with the dangers associated with teen pregnancy,” the department said. – SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI Video: Chief Economists Outlook studio session trailer

    Source: World Economic Forum (video statements)

    With uncertainty continuing to shape global markets, understanding the path forward is more important than ever. We asked leading economists to share their views on what lies ahead—and how we can navigate this evolving landscape.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=RAlZMDM6oWE

    MIL OSI Video –

  • MIL-OSI Video: The Briefing Room | Chief Economists Outlook May 2025

    Source: World Economic Forum (video statements)

    With uncertainty continuing to shape global markets, understanding the path forward is more important than ever. We spoke with leading economists—Jinny Yan of ICBC Standard, Guy Miller of Zurich Insurance and Sandra Phlippen of ABN AMRO Bank—who shared their insights on what to expect and how to navigate the changes to come.

    The World Economic Forum’s Chief Economists Outlook May 2025 edition is out now: https://wef.ch/chiefeconmay25

    #chiefeconomists25 #GlobalEconomy #Trade

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=dcEadzxYjqY

    MIL OSI Video –

  • MIL-OSI Russia: Rosneft held a competition in information modeling

    Translation. Region: Russian Federal

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    As part of a large-scale IT Marathon, the Rosneft Research Institute in Ufa held a competition in information modeling among the Company’s enterprises. Rosneft is one of the leaders in this field.

    Hundreds of objects have been designed in the Company using information modeling technologies. The information model helps to confirm the possibility of safe operation. Subsequently, the digital project is used at the stages of reconstruction and technical re-equipment of objects. The competition committee evaluated the models created by design institutes and implemented at production facilities.

    Following the results of two stages, TomskNIPIneft won among scientific institutes. Tomsk specialists presented an information model of an oil pumping station with a capacity of 99 million tons per year and an area of 100 hectares.

    Among the production enterprises, Bashneft-Polus won. The employees of the enterprise shared their experience in using 62 information models of equipment, well pads, buildings, structures operated at two fields.

    Competitions in information modeling are aimed at popularizing modern design technologies, replicating successful practices, and exchanging experiences between specialists.

    Information models developed by the company’s corporate institutes are effective at all stages of the life cycle of capital construction projects. At the design stage, they help improve the quality of estimate documentation, minimizing possible errors, which subsequently reduces the time for construction and installation work. At the construction stage, information models help monitor the progress of work, issue comments on deviations from the project, and record progress using laser scanning. At the operation stage, “digital twins” allow planning the technical maintenance of the facility.

    Reference:

    The Rosneft IT Marathon has been held since 2019. Over 6 years, 19 competitions have been held, which involved more than 6,700 participants from 13 countries and 140 cities. IT competitions solve strategic tasks of the oil and gas industry, give impetus to the development of the education system, revealing new facets of interaction with higher education institutions.

    Participants in IT competitions master new technologies, promising areas of digitalization and robotics, which allows them to improve their professional competencies. In response, the company receives fresh ideas, non-standard solutions and new approaches to the challenges facing the oil and gas industry.

    Department of Information and Advertising of PJSC NK Rosneft May 28, 2025

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Algernon Yau to visit Japan

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau will depart for Tokyo, Japan, tomorrow to attend the Asia-Pacific Telecommunity (APT) Ministerial Meeting and meet government officials and business leaders there.

    During the two-day meeting to be held on Friday and Saturday, Mr Yau and participating ministers will attend discussion sessions on various topics related to information and communications technology development.

    They include sustainable digital infrastructure and accessibility, inclusive digital innovation and growth, secure and trusted digital environment, and empowering the Asia-Pacific industry’s role in digital transformation.

    The ministerial meeting will adopt a joint statement to further foster regional collaboration.

    The APT is an intergovernmental organisation with the aim of promoting information and communication technology development in the Asia-Pacific region. It has 38 members, four associate members and 140 affiliate members from private companies and academia.

    During his stay in Tokyo, Mr Yau will promote Hong Kong’s business advantages and opportunities to government officials and business leaders there.

    The commerce chief will return to Hong Kong on Saturday evening. Under Secretary for Commerce & Economic Development Bernard Chan will be the Acting Secretary during Mr Yau’s absence.

    MIL OSI Asia Pacific News –

  • MIL-OSI: BW Offshore: Acquires FPSO Nganhurra to leverage redeployment opportunities

    Source: GlobeNewswire (MIL-OSI)

    Acquires FPSO Nganhurra to leverage redeployment opportunities

    BW Offshore has signed an agreement to acquire the FPSO Nganhurra, securing a high-quality production unit in a market where comparable opportunities are becoming increasingly scarce. The transaction includes a limited upfront payment, with additional consideration contingent upon the successful redeployment of the unit before June 2027.

    With visible project opportunities emerging over the next few years, having this asset in place enhances our ability to offer timely and competitive redeployment solutions to our clients, strengthening our strategic position relative to industry peers.

    “The acquisition of the FPSO Nganhurra represents a strategic decision to capitalise on a compelling market opportunity. Given the limited availability of suitable FPSOs for redeployment, securing this unit places BW Offshore in a strong, competitive position,” said Marco Beenen, the CEO of BW Offshore.

    The FPSO Nganhurra is a purpose-built FPSO, constructed in 2006, with a production capacity of 100,000 barrels per day and a storage capacity of 900,000 barrels. It operated offshore Western Australia until 2018 and was later laid up in Malaysia. The unit’s mooring system supports operation across varied offshore conditions, enhancing flexibility and reducing costs for future redeployment.

    The unit will have minimal lay-up costs and presents limited downside risk from recycling, ensuring prudent capital management while we assess redeployment options.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55

    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network –

  • MIL-OSI: Canadian Credit Market Reaches $2.5 Trillion in Outstanding Balances, with Gen Z Canadians Accounting for 10% of Credit Growth

    Source: GlobeNewswire (MIL-OSI)

    Key findings from TransUnion report:

    • New-to-credit Canadians led to greater credit participation, accounting for $2.6 billion in new credit balances in Q1 2025
    • Subprime consumers are almost twice as likely to go delinquent within 12 months of opening new credit cards, compared to their pre-pandemic cohorts
    • Growing concerns around Canadian consumers experiencing economic strain

    TORONTO, May 28, 2025 (GLOBE NEWSWIRE) — The first quarter of 2025 saw mixed outcomes in the Canadian credit market, according to TransUnion’s Q1 2025 Credit Industry Insights Report (CIIR). Growth was fuelled by increased borrowing from young Canadians and newcomers. Consumer balances for non-mortgage products rose across most products, driven primarily by below prime consumers. Subprime consumers continued to struggle as their delinquency rates rose at significantly higher rates than prime and above consumers. Regional differences in cost of living and economic conditions also led to varying delinquency trends across provinces.

    Gen Z Consumers Accelerated Overall Credit Participation with 30.6% Year-Over-Year Growth in New Balances

    After the decline in interest rates and inflation in late 2024, Canadians’ total outstanding balances across all credit products grew by 4.7% year-over-year (YoY) and total outstanding credit debt reached $2.5 trillion in Q1 2025. Continued credit expansion, propelled by younger consumers, including new Canadians entering the credit market, was a key driver of this growth.

    As Gen Z consumers continued to participate in the credit market, outstanding balances within this generation have grown 30.6% from the prior year, contributing $12 billion or 10.3% of total new balance growth. Canadian newcomers also represent a significant portion of the growing credit market, driving $2.6 billion in new credit balances, a 6.3% increase YoY.

    “As a growing share of Gen Z consumers actively engage with credit, lenders face a pivotal opportunity to shape lifelong financial relationships,” said Matt Fabian, director of financial services research and consulting at TransUnion Canada. “This generation values digital-first experiences, personalized education and brands that align with their values. Prioritizing credit education, fostering early loyalty and offering seamless, mobile-friendly solutions will be key to staying relevant and building trust with these new-to-market borrowers.”

    Non-Mortgage Balances Continue to Grow, Driven by Below Prime Consumers

    Non-mortgage debt grew 2.4% as consumer balances continued to increase across most products. However, total non-mortgage debt did not grow equally across all risk tiers. Below prime average consumer balances grew 4.4%, with subprime consumers contributing the highest increase at 6.3%, while prime plus and super prime consumer balances remained mostly flat.

    Risk Tier Avg. Non-Mortgage Balances per Consumer YoY Change in Non-Mortgage Balances YoY Change in Consumer Card Balances YoY Change in Consumer Personal Loan Balances
    Super Prime $26,355 0.10%   -0.30%   4.50%  
    Prime Plus $26,301 0.10%   1.10%   4.50%  
    Prime $24,983 3.30%   6.20%   4.90%  
    Near Prime $29,681 3.80%   5.90%   4.70%  
    Subprime $23,638 6.30%   5.50%   6.70%  

    The YoY growth in average balances among below prime consumers may be due to these consumers utilizing more credit to augment disposable income in the face of elevated prices. This trend was seen particularly with the growth in credit card and personal loan balances, as these are traditionally the products used by consumers for liquidity. Below prime consumer average balances across these products grew at a faster rate than overall borrower balance growth during this period.

    Additionally, the data shows regional disparities in the YoY growth rates of non-mortgage debt, although province rankings did not change from the previous quarter. P.E.I. and Newfoundland had the highest average debt per borrower, while Quebec and Manitoba had the lowest. While the gap between the highest and lowest average debt balances across provinces may not appear substantial, even modest differences in average debt per consumer can significantly influence delinquency rates. Consumers in provinces with higher average debt levels may be more susceptible to increases in interest rates as well as higher everyday living costs, making them more vulnerable to financial strain and increasing the likelihood of delinquency, particularly during economic downturns.

    “The rise in balances from higher-risk and more vulnerable credit consumers signals a critical moment for lenders to reassess risk strategies and engagement models. Proactive credit monitoring, tailored financial support and early intervention tools can mitigate potential delinquencies while still maintaining consumer access to credit,” said Fabian. “At the same time, consumers should continue to build financial resilience by understanding their credit profiles, seeking guidance when needed and using credit responsibly. Empowered, informed borrowers are key to a healthier credit ecosystem.”

    Ranking Average Consumer Non-Mortgage Debt Balance by Province
           
      Q1 2024 Q1 2025 YoY Change
    Canada $25,786 $26,415 2.44%  
    PEI $27,696 $29,364 6.02%  
    NL $27,876 $28,775 3.23%  
    BC $27,656 $28,585 3.36%  
    AB $28,304 $28,403 0.35%  
    ON $26,880 $27,544 2.47%  
    SK $26,683 $26,972 1.08%  
    NS $24,266 $24,929 2.73%  
    NB $23,675 $24,497 3.47%  
    QC $22,152 $22,756 2.72%  
    MB $20,268 $20,802 2.63%  

    Lower Canada Consumer Credit Index Reflects Weakening Market Conditions

    Economic uncertainty has recently muted credit demand while supply remains strong. Additionally, uncertainty has shifted some credit behaviours as consumers balances have increased while credit performance has remained relatively stable from prior year, driving the Canada Consumer Credit Index to 100.3, down almost 6 points from the prior year.

    Differing Impact of Economic Volatility Across Risk Tiers

    A widening financial divide is emerging among credit consumers across Canada. While recent improvements in inflation and interest rates have provided relief for some, enabling them to reduce debt and strengthen their financial positions, others continue to face significant challenges. These consumers are still grappling with the prolonged effects of past economic volatility, highlighting an uneven recovery and growing disparity in financial resilience.

    Overall consumer-level serious delinquency (consumers 60 days or more delinquent on any credit product) was up 11 basis points YoY to 2.71% in Q1 2025. This increase was driven in part by the recent growth in new-to-credit consumers, who generally carry higher risk in their early years due to their limited credit experience. Even with the recent increase, the current levels of delinquency are similar to those seen prior to the pandemic.

    Subprime consumers have become more likely to experience delinquency soon after opening a new product, with the delinquency rate within the first six months of opening a new credit account doubling between 2020 and 2024. This is particularly evident for below prime credit card and personal loans, where consumers may be more sensitive to interest rates. Subprime consumers that opened a credit card in 2023 or 2024 were 1.7x–2.0x as likely to go delinquent within the first 12 months of holding that card than those who opened a card in 2020. These findings further demonstrate the increased vulnerability that subprime borrowers have to macroeconomic factors such as higher interest rates and increased cost of living.

    Delinquency (90+ DPD) in the First 12 Months on Subprime Card Originations
      Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024
    12 Months on Book 6.46%  9.18%  11.86%  12.68%  10.76% 

    Geography is also playing a role in the vulnerability or resilience of consumers. A 16 basis point YoY increase in serious consumer delinquencies led to Alberta continuing to have the highest rate across all provinces in Q1 2025, driven by the volatility in oil and gas prices that play a large role in Alberta’s economy. While Quebec remained the province with the lowest rate of delinquencies, it had a seven basis point increase YoY.

    “We’ve seen volatility in delinquency rates attributed to a mix of regional economic pressures and demographic factors. Regional variations in both cost of living as well as wage growth, along with pressure from macro-economic cycles, disproportionately impact specific regions, and hence some provinces have had more volatile consumer credit performance,” Fabian said. “These findings underscore the importance of regionally tailored lending policies and support systems to address the unique challenges faced by those households. Additionally, consumers in more vulnerable areas should stay vigilant in keeping current on payments, monitoring credit and building emergency savings.”

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including Canada, where we’re the credit bureau of choice for the financial services ecosystem and most of Canada’s largest banks. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.

    Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    For more information visit: www.transunion.ca

    For more information or to request an interview, contact:

    Contact: Katie Duffy
    E-mail: katie.duffy@ketchum.com
    Telephone: +1 647-772-0969

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a2ac9d72-919c-465a-a6a5-bd6b61735e35

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d0b862de-42f0-43d1-91d5-95001a3f413e

    The MIL Network –

  • MIL-OSI: JD.com to Hold Annual General Meeting on June 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 28, 2025 (GLOBE NEWSWIRE) — JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it will hold its annual general meeting of shareholders (the “AGM”) at Building A, No. 18 Kechuang 11 Street, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing 101111, People’s Republic of China, on June 20, 2025 at 3:00 p.m. (Hong Kong time).

    No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders of record to discuss Company affairs with management.

    Holders of record of Class A ordinary shares and Class B ordinary shares of the Company at the close of business on May 27, 2025 (Hong Kong time) are entitled to notice of, and to attend, the AGM or any adjournment or postponement thereof.

    The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report can be accessed on the investor relations section of its website at https://ir.jd.com, as well as on the SEC’s website at www.sec.gov.

    About JD.com, Inc.

    JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

    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. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, 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 statements about JD.com’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: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law. 

    For investor and media inquiries, please contact:

    Investor Relations
    Sean Zhang
    +86 (10) 8912-6804
    IR@JD.com 

    Media Relations
    +86 (10) 8911-6155
    Press@JD.com 

    The MIL Network –

  • MIL-OSI: Management changes in Spar Nord Bank A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 17

    Management changes in Spar Nord Bank A/S

    Agreements have been reached regarding the step down of Lasse Nyby and John Lundsgaard

    In continuation of the completed voluntary takeover offer from Nykredit Realkredit A/S (Nykredit), whereby Nykredit acquired the majority shareholding in Spar Nord Bank A/S (Spar Nord), agreements have been entered into with the board of directors of Spar Nord, whereby Lasse Nyby will resign as CEO of Spar Nord and John Lundsgaard as managing director of Spar Nord.

    Lasse Nyby and John Lundsgaard will both resign from Spar Nord’s executive board no later than on 30 June 2025.

    Kjeld Johannesen, chairman of Spar Nord’s board of directors, says: “The agreed resignation is a natural extension of Nykredit’s acquisition of the majority shareholding in Spar Nord today. Lasse Nyby and John Lundsgaard have both been part of the bank’s executive board for more than 25 years. They both have a large share of the credit for Spar Nord’s development from a regional bank to a nationwide bank today. This is the reason why Spar Nord is contributing with great strength to a new and merged bank that will be an attractive alternative to the largest listed banks. On behalf of the board of directors, we would like to express our gratitude to Lasse Nyby and John Lundsgaard for their great and dedicated work.”

    Questions may be directed to Kjeld Johannesen on +45 40 19 15 55.

    Attachment

    The MIL Network –

  • MIL-OSI: Management changes in the Nykredit Group – Nykredit Bank A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement

    Management changes in the Nykredit Group
    In connection with Spar Nord Bank A/S becoming part of the Nykredit Group, changes are expected to be made to the boards of directors and executive managements of the companies in the Nykredit Group.

    Lasse Nyby to become Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S
    On Monday, 2 June, 2025, a general meeting in Nykredit Realkredit A/S is expected to be convened, to be held on 24 June, 2025, at which it is proposed that Lasse Nyby – the current CEO of Spar Nord Bank A/S – joins the Board of Directors of Nykredit Realkredit A/S. Lasse Nyby will continue on the Board of Directors of Nykredit A/S, which he has been a member of since 2007. Lasse Nyby is expected to be appointed Deputy Chairman of the two boards at the following board meetings.

    Preben Sunke will continue as Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S, and as such, going forward, there will be two deputy chairmen of the boards of directors of those two companies.

    Nykredit A/S and Nykredit Realkredit A/S are the ultimate parent companies in the Nykredit Group’s corporate structure. The Nykredit Group’s business activities are based in Nykredit Realkredit A/S, and the activities are conducted both through Nykredit Realkredit A/S and the group subsidiaries. Nykredit Realkredit A/S is wholly owned by Nykredit A/S, whose sole purpose is to own Nykredit Realkredit A/S.

    Nykredit’s Group Executive Board to be expanded with Martin Kudsk Rasmussen
    The Group Executive Board of Nykredit Realkredit A/S is expected to be expanded on 24 June, 2025, with the addition of Martin Kudsk Rasmussen, who has up until now been a member of the Executive Management of Spar Nord Bank A/S. Together with current Group Executive Director, Tonny Thierry Andersen, Martin Kudsk Rasmussen will be responsible for the entire Banking area in the Nykredit Group. The responsibilities of the remaining members of the Group Executive Board remain unchanged.

    The Group Executive Board of Nykredit Realkredit A/S will then consist of Group Chief Executive, Michael Rasmussen and the Group Executive Directors; Anders Jensen, David Hellemann, Martin Kudsk Rasmussen, Pernille Sindby and Tonny Thierry Andersen.

    Regarding the changes to the Board of Directors and the Group Executive Board, Merete Eldrup, Chairman of the Board of Directors of Nykredit A/S and Nykredit Realkredit A/S, states:

    “With his extensive management experience and solid insight into the financial sector, Lasse Nyby is already a key capacity of the Board of Directors of Nykredit A/S. Now he will also join the Board of Directors of Nykredit Realkredit A/S and will on both boards take a prominent role as Deputy Chairman. I look forward to that. The Board of Directors is also pleased to add Martin Kudsk Rasmussen to the Group Executive Board of Nykredit. Martin has significant competencies and experience from the financial sector, and during his time at Spar Nord, he has been an important factor in Spar Nord’s impressive development.

    With Spar Nord as part of the Nykredit Group, we will show even more customers the benefits of a customer-owned bank that takes a different position in the market. At the same time, we maintain a strong focus on continuing to invest in our partnerships in Totalkredit and other partnerships. Myself and the Board of Directors look forward to continuing this work together with the Group Executive Board based on the direction that the group’s ’Winning the Double’ strategy continues to set.”

    Group Chief Executive, Michael Rasmussen states:
    “I look forward to continuing the good cooperation with Lasse Nyby in his new position on the Board of Directors. I am also pleased to welcome Martin Kudsk Rasmussen to the Group Executive Board. Throughout his career, Martin has demonstrated that he possesses significant competencies in the banking area. We are now joining forces as two strong banks that are both experiencing growth, customer inflows and high customer satisfaction to make us even stronger in the competition with the largest listed banks. Tonny Thierry Andersen and Martin Kudsk Rasmussen will play an important managerial role in building on the key strengths of both Spar Nord and Nykredit across the combined and – with Spar Nord as part of the group – significantly larger Banking area of the Nykredit Group.”

    About his new role as Deputy Chairman of the boards of directors of Nykredit Realkredit A/S and Nykredit A/S, Lasse Nyby states:
    “There is reason to be proud of what we have created together in Spar Nord. Although it is of course sad to end more than 200 years of independence, there is certainly also reason to be pleased that Spar Nord contributes with great strength to a new and merged bank, which with its customer-ownership will be a very attractive alternative to the largest listed competitors. It has been a pleasure and a privilege to have been at the helm of Spar Nord for almost 25 years. Now I look forward to taking on a new role and, together with the rest of the Board of Directors, developing a strong group for the benefit of both customers and employees.”

    About his new role on Nykredit’s Group Executive Board, Martin Kudsk Rasmussen states:
    “Spar Nord and Nykredit Bank are a good match. By combining local presence and drive with a unique customer ownership, we are building a powerful bank that will stand strong in the battle for customers and employees. I look forward to stepping into a new role and, together with talented colleagues, contributing to a bank that combines the best of two worlds and understands the importance of having a local presence close to customers with strong competencies and competitive products throughout the country.”

    Changes in Spar Nord Bank A/S and Nykredit Bank A/S
    On Monday, 2 June, 2025, a general meeting of Spar Nord Bank A/S is expected to be convened, to be held on 24 June, 2025, where it is proposed that the current Board of Directors of Spar Nord Bank A/S elected by the general meeting be replaced by Michael Rasmussen, Anders Jensen, Tonny Thierry Andersen, Pernille Sindby and David Hellemann. These five individuals are currently also members of the Board of Directors of Nykredit Bank A/S. Jannie Skovsen, Rikke Marie J. Christiansen and Gitte Holmgaard will continue as employee-elected board members of Spar Nord Bank A/S.

    The executive managements of Nykredit Bank A/S and Spar Nord Bank A/S are expected to be changed after 24 June, 2025, so that the members of the executive managements of the two companies will be identical.

    This means that the new Board of Directors of Spar Nord, which will take office after the general meeting on 24 June, 2025, is expected to make changes to the Executive Management of Spar Nord Bank A/S. Søren Kviesgaard and Dan Erik Krarup Sørensen, who are currently members of the Executive Management of Nykredit Bank A/S, are expected to join the Executive Management of Spar Nord, while Martin Kudsk Rasmussen and Carsten Levring Jakobsen, who are currently members of the Executive Management of Spar Nord, will continue in the Executive Management. Similarly, Carsten Levring Jakobsen and Martin Kudsk Rasmussen are expected to join the Executive Management of Nykredit Bank A/S. Carsten Levring Jakobsen will – in addition to his position in the Executive Management of Spar Nord and Nykredit Bank – also continue in a central role in the Nykredit Group, also after the merger.

    In connection with the merger of Nykredit Bank A/S and Spar Nord Bank A/S, which is expected to take effect in spring 2026, Martin Kudsk Rasmussen is expected to resign from the executive management of the two banks to join the board of directors of the merged bank.

    Spar Nord Bank A/S has announced that John Lundsgaard and Lasse Nyby will resign as members of the Executive Management of Spar Nord Bank A/S no later than 30 June, 2025.

    Group Chief Executive, Michael Rasmussen states:
    “I would like to thank the current members of the Executive Management of Spar Nord. They have played a crucial role in ensuring that Spar Nord is today a strong and well-run bank in growth. With the new and significant roles for Martin Kudsk Rasmussen and Carsten Levring Jakobsen, we ensure that the high level of competence and important perspectives from Spar Nord are brought into the further work of merging our two banks for the greatest possible benefit and joy for our customers. This has been important to us. A special thanks also goes to John Lundsgaard. With his 25 years as part of Spar Nord’s Executive Management, John has played a major role in Spar Nord’s strong position in the market today, and I am pleased that – even after leaving Spar Nord’s Executive Management – he has agreed to be available to Nykredit’s Group Executive Board in the period to come while we begin the integration of our two banks.”

    Contact and further information
    Attached to this announcement is a group chart for Nykredit.

    Any questions can be directed to Nykredit’s Head of Press Relations Orhan Gökcen on +45 31 21 06 39.

    Attachments

    The MIL Network –

  • MIL-OSI: Management changes in the Nykredit Group – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement

    Management changes in the Nykredit Group
    In connection with Spar Nord Bank A/S becoming part of the Nykredit Group, changes are expected to be made to the boards of directors and executive managements of the companies in the Nykredit Group.

    Lasse Nyby to become Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S
    On Monday, 2 June, 2025, a general meeting in Nykredit Realkredit A/S is expected to be convened, to be held on 24 June, 2025, at which it is proposed that Lasse Nyby – the current CEO of Spar Nord Bank A/S – joins the Board of Directors of Nykredit Realkredit A/S. Lasse Nyby will continue on the Board of Directors of Nykredit A/S, which he has been a member of since 2007. Lasse Nyby is expected to be appointed Deputy Chairman of the two boards at the following board meetings.

    Preben Sunke will continue as Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S, and as such, going forward, there will be two deputy chairmen of the boards of directors of those two companies.

    Nykredit A/S and Nykredit Realkredit A/S are the ultimate parent companies in the Nykredit Group’s corporate structure. The Nykredit Group’s business activities are based in Nykredit Realkredit A/S, and the activities are conducted both through Nykredit Realkredit A/S and the group subsidiaries. Nykredit Realkredit A/S is wholly owned by Nykredit A/S, whose sole purpose is to own Nykredit Realkredit A/S.

    Nykredit’s Group Executive Board to be expanded with Martin Kudsk Rasmussen
    The Group Executive Board of Nykredit Realkredit A/S is expected to be expanded on 24 June, 2025, with the addition of Martin Kudsk Rasmussen, who has up until now been a member of the Executive Management of Spar Nord Bank A/S. Together with current Group Executive Director, Tonny Thierry Andersen, Martin Kudsk Rasmussen will be responsible for the entire Banking area in the Nykredit Group. The responsibilities of the remaining members of the Group Executive Board remain unchanged.

    The Group Executive Board of Nykredit Realkredit A/S will then consist of Group Chief Executive, Michael Rasmussen and the Group Executive Directors; Anders Jensen, David Hellemann, Martin Kudsk Rasmussen, Pernille Sindby and Tonny Thierry Andersen.

    Regarding the changes to the Board of Directors and the Group Executive Board, Merete Eldrup, Chairman of the Board of Directors of Nykredit A/S and Nykredit Realkredit A/S, states:

    “With his extensive management experience and solid insight into the financial sector, Lasse Nyby is already a key capacity of the Board of Directors of Nykredit A/S. Now he will also join the Board of Directors of Nykredit Realkredit A/S and will on both boards take a prominent role as Deputy Chairman. I look forward to that. The Board of Directors is also pleased to add Martin Kudsk Rasmussen to the Group Executive Board of Nykredit. Martin has significant competencies and experience from the financial sector, and during his time at Spar Nord, he has been an important factor in Spar Nord’s impressive development.

    With Spar Nord as part of the Nykredit Group, we will show even more customers the benefits of a customer-owned bank that takes a different position in the market. At the same time, we maintain a strong focus on continuing to invest in our partnerships in Totalkredit and other partnerships. Myself and the Board of Directors look forward to continuing this work together with the Group Executive Board based on the direction that the group’s ’Winning the Double’ strategy continues to set.”

    Group Chief Executive, Michael Rasmussen states:
    “I look forward to continuing the good cooperation with Lasse Nyby in his new position on the Board of Directors. I am also pleased to welcome Martin Kudsk Rasmussen to the Group Executive Board. Throughout his career, Martin has demonstrated that he possesses significant competencies in the banking area. We are now joining forces as two strong banks that are both experiencing growth, customer inflows and high customer satisfaction to make us even stronger in the competition with the largest listed banks. Tonny Thierry Andersen and Martin Kudsk Rasmussen will play an important managerial role in building on the key strengths of both Spar Nord and Nykredit across the combined and – with Spar Nord as part of the group – significantly larger Banking area of the Nykredit Group.”

    About his new role as Deputy Chairman of the boards of directors of Nykredit Realkredit A/S and Nykredit A/S, Lasse Nyby states:
    “There is reason to be proud of what we have created together in Spar Nord. Although it is of course sad to end more than 200 years of independence, there is certainly also reason to be pleased that Spar Nord contributes with great strength to a new and merged bank, which with its customer-ownership will be a very attractive alternative to the largest listed competitors. It has been a pleasure and a privilege to have been at the helm of Spar Nord for almost 25 years. Now I look forward to taking on a new role and, together with the rest of the Board of Directors, developing a strong group for the benefit of both customers and employees.”

    About his new role on Nykredit’s Group Executive Board, Martin Kudsk Rasmussen states:
    “Spar Nord and Nykredit Bank are a good match. By combining local presence and drive with a unique customer ownership, we are building a powerful bank that will stand strong in the battle for customers and employees. I look forward to stepping into a new role and, together with talented colleagues, contributing to a bank that combines the best of two worlds and understands the importance of having a local presence close to customers with strong competencies and competitive products throughout the country.”

    Changes in Spar Nord Bank A/S and Nykredit Bank A/S
    On Monday, 2 June, 2025, a general meeting of Spar Nord Bank A/S is expected to be convened, to be held on 24 June, 2025, where it is proposed that the current Board of Directors of Spar Nord Bank A/S elected by the general meeting be replaced by Michael Rasmussen, Anders Jensen, Tonny Thierry Andersen, Pernille Sindby and David Hellemann. These five individuals are currently also members of the Board of Directors of Nykredit Bank A/S. Jannie Skovsen, Rikke Marie J. Christiansen and Gitte Holmgaard will continue as employee-elected board members of Spar Nord Bank A/S.

    The executive managements of Nykredit Bank A/S and Spar Nord Bank A/S are expected to be changed after 24 June, 2025, so that the members of the executive managements of the two companies will be identical.

    This means that the new Board of Directors of Spar Nord, which will take office after the general meeting on 24 June, 2025, is expected to make changes to the Executive Management of Spar Nord Bank A/S. Søren Kviesgaard and Dan Erik Krarup Sørensen, who are currently members of the Executive Management of Nykredit Bank A/S, are expected to join the Executive Management of Spar Nord, while Martin Kudsk Rasmussen and Carsten Levring Jakobsen, who are currently members of the Executive Management of Spar Nord, will continue in the Executive Management. Similarly, Carsten Levring Jakobsen and Martin Kudsk Rasmussen are expected to join the Executive Management of Nykredit Bank A/S. Carsten Levring Jakobsen will – in addition to his position in the Executive Management of Spar Nord and Nykredit Bank – also continue in a central role in the Nykredit Group, also after the merger.

    In connection with the merger of Nykredit Bank A/S and Spar Nord Bank A/S, which is expected to take effect in spring 2026, Martin Kudsk Rasmussen is expected to resign from the executive management of the two banks to join the board of directors of the merged bank.

    Spar Nord Bank A/S has announced that John Lundsgaard and Lasse Nyby will resign as members of the Executive Management of Spar Nord Bank A/S no later than 30 June, 2025.

    Group Chief Executive, Michael Rasmussen states:
    “I would like to thank the current members of the Executive Management of Spar Nord. They have played a crucial role in ensuring that Spar Nord is today a strong and well-run bank in growth. With the new and significant roles for Martin Kudsk Rasmussen and Carsten Levring Jakobsen, we ensure that the high level of competence and important perspectives from Spar Nord are brought into the further work of merging our two banks for the greatest possible benefit and joy for our customers. This has been important to us. A special thanks also goes to John Lundsgaard. With his 25 years as part of Spar Nord’s Executive Management, John has played a major role in Spar Nord’s strong position in the market today, and I am pleased that – even after leaving Spar Nord’s Executive Management – he has agreed to be available to Nykredit’s Group Executive Board in the period to come while we begin the integration of our two banks.”

    Contact and further information
    Attached to this announcement is a group chart for Nykredit.

    Any questions can be directed to Nykredit’s Head of Press Relations Orhan Gökcen on +45 31 21 06 39.

    Attachments

    The MIL Network –

  • MIL-OSI Africa: Ghana’s Environment Minister to Champion Innovation, Sustainability at Mining in Motion 2025

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

    ACCRA, Ghana, May 28, 2025/APO Group/ —

    The Mining in Motion Summit (MininginMotionSummit.com) is pleased to announce the participation of Hon. Ibrahim Murtala Muhammed, Ghana’s Minister for Environment, Science, Technology and Innovation, as a speaker. Hon. Muhammed’s involvement underscores the government’s commitment to environmentally responsible mining, technological innovation and scientific advancement in the extractive sector. 

    As the head of the ministry leading innovation and sustainability, Hon. Muhammed is spearheading initiatives to align mining operations with national development goals and environmental stewardship. His efforts include forging partnerships with global public and private stakeholders to implement science-based solutions and sustainable practices. In April 2025, the Minister met with Park Kyongsig, Ambassador of the Republic of Korea (apo-opa.co/45r33JW) to Ghana, to explore bilateral cooperation on climate change and environmental protection. Their discussions centered on leveraging Korean expertise to restore water bodies impacted by illegal mining and address the root causes of environmental degradation. 

    In February 2025, Hon. Muhammed reiterated the government’s commitment (apo-opa.co/4dV4wKZ) to leveraging local innovation as a driver of economic growth, particularly within key industries like mining, which continues to play a vital role in Ghana’s economy. Gold exports reached $11.6 billion in 2024, accounting for 57% of the country’s total export revenue, highlighting the sector’s significance in national development. In line with modernization efforts, the government, through the Minerals Commission of Ghana (apo-opa.co/3H8AM0P), is equipping the next generation of workers with skills in emerging technologies such as drones, which are being deployed to support automation and improve sector monitoring. 

    Under the World Bank-funded Ghana Landscape Restoration and Small-Scale Mining Project (apo-opa.co/4kHR9Qr), the country is actively addressing land degradation and promoting sustainable practices among artisanal and small-scale miners, ensuring mining sector contribution to economic growth and long-term environmental and social sustainability. 

    At Mining in Motion, Hon. Muhammed will engage with key stakeholders from the mining industry, academia and civil society to exchange insights on policy, innovation and the future of mineral resource governance in Ghana. 

    The summit, led by the Ashanti Green Initiative under the leadership of Oheneba Kwaku Duah, Prince of the Ashanti Kingdom, is hosted in partnership with the World Bank and the World Gold Council. 

    MIL OSI Africa –

  • Above-normal monsoon to boost farm output, ease inflation: report

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department’s (IMD) forecast of an above-normal monsoon is expected to drive higher agricultural production and rural demand, while helping to keep inflation under control, according to a Crisil report released on Wednesday.

    The IMD has predicted above-normal rainfall during the southwest monsoon season (June to September), estimating it at 106 per cent of the long-period average (LPA).

    “If the forecast—which would mark the second consecutive year of an above-normal monsoon—comes true, the economy could expect another year of healthy agricultural output, strengthening rural demand, and keeping food prices in check,” the report states.

    In fiscal year 2025, gross value added (GVA) in the agriculture and allied sectors grew by 4.6 per cent, outpacing the decadal (fiscal 2015–24) average of 4.0 per cent. Similarly, consumer price inflation (CPI) fell sharply in the March quarter of fiscal 2025, owing to healthy food supplies that curbed food inflation. The positive trend continued in April, with CPI inflation dropping further to 3.2 per cent. These trends are likely to persist if the rainfall matches the forecast, the report notes.

    A healthy temporal and regional distribution of rainfall is essential for balanced agricultural growth. The IMD forecast indicates that June is most likely to see above-normal rainfall across the country (over 108 per cent of the LPA). This would buck the trend of the past three seasons, which saw below-normal rains in June, and bodes well for sowing activities and the replenishment of water resources, the report adds.

    According to the IMD, Central and South Peninsular India are most likely to experience above-normal rainfall, while Northwest India is expected to receive normal rainfall during the overall monsoon season. Only Northeast India is likely to witness below-normal rains.

    However, the report also cautions that adverse climate events—such as excess, deficient, or unseasonal rainfall, heatwaves, cyclones, and floods—during and after the southwest monsoon season must be closely monitored.

    For instance, in fiscal 2025, while adequate rainfall supported foodgrain production and helped contain inflation, vegetable output suffered due to erratic weather. About 41 per cent of the food inflation during fiscal 2025 was driven by rising vegetable prices caused by weather-related disruptions such as heatwaves and excess rainfall in certain areas, the report highlights.

    IANS

  • MIL-OSI United Kingdom: Public urged to report suspected waste crime as new heatmaps published

    Source: United Kingdom – Government Statements

    Press release

    Public urged to report suspected waste crime as new heatmaps published

    New maps published showing nearly 17,000 reports of waste crime across England in 2023 and 2024, demonstrating offending is rife

    Amid a government clampdown on rogue waste operators to clean up Britain’s streets, the Environment Agency has today (Wednesday 28 May) published new heatmaps showing the densest areas of waste crime reports in England.   

    Across England, 16,773 reports of suspected waste crime were submitted from 1 January 2023 to 31 December 2024. The maps show the highest number of reports were concentrated in the West Midlands (2,008 reports), Yorkshire (1,791 reports) and East Anglia (1,678 reports). 

    With the data demonstrating that criminals blighting towns, cities and countryside are active across the country, the Environment Agency is urging the public to report more suspected offending as it looks to shut rogue operators out of the waste industry for good. 

    Waste criminals cost the economy an estimated £1 billion every year. Estimates suggest a staggering 34,000 million tonnes of waste is illegally managed annually, enough to fill Wembley Stadium 30 times over or 4 million skips – but the true scale of offending is likely far greater due to under-reporting of incidents. 

    Under their Plan for Change, the government has confirmed rogue operators caught transporting and dealing with waste illegally will face up to five years in prison under new legislation. Longer prison sentences for rogue waste operators and new powers for councils to crush vehicles involved in waste crime will act as a strong deterrent and ensure the full force of the law comes down hard on those trashing the nation’s communities. 

    Emma Viner, Enforcement & Investigations Manager at the Environment Agency, said:

    Waste crime is toxic. Criminals steal business from legitimate operators, trash local communities, harm the environment, and avoid paying taxes which fund public services. 

    As a nation, we must stand united against criminals, working together to stop them. We can all play our part by taking steps to keep waste away from criminals in the first place and reporting any suspected wrongdoing.

    Circular Economy Minister Mary Creagh said:

    Through our Plan for Change, this government will crack down on the waste cowboys, seize and crush fly-tippers’ vans, and clean up Britain. 

    We will not stand idly by while organised crime groups profit from an avalanche of rubbish burying our communities and undercutting legitimate business.

    The Environment Agency’s National Waste Crime Survey shows just 25% of all waste crime incidents are thought to be reported. Every piece of information the Environment Agency receives is crucial in helping them to bring offenders to justice. The earlier an incident is reported to the regulator, the quicker it can deal with it and prevent an escalation. 

    To do so, the public can submit reports via the Environment Agency’s 24-hour incident hotline on 0800 80 70 60 or to Crimestoppers via their website or by calling 0800 555 111, which is always 100% anonymous. 

    To prevent criminals getting their hands on waste in the first place, the public is urged to use only waste carriers listed on the public register to take away their rubbish. 

    Jacob Hayler, Executive Director of the Environmental Services Association, said:

    Waste crime harms the environment, damages communities and threatens legitimate waste services.  

    As citizens, we each have a duty of care, not only to stop our waste from falling into the wrong hands, but to report suspected illegal handling and dumping of waste when we see it – helping the regulatory authorities to catch and punish those responsible.

    Dan Cooke, Director of Policy, Communications and External Affairs at CIWM, said: 

    Waste crime at all levels continue to cause misery and anxiety to people and communities across the UK. Importantly, it also restricts the opportunities for local economies to thrive, as well as often causing real environmental harm.  

    We’ll continue to work with CIWM members, local authorities, and regulators to promote best practice and deploy all available resources in the ongoing pursuit of high-quality environments enabling thriving local economies for businesses and communities.

    The publication of the heatmaps comes amid the Environment Agency’s ongoing #WasteCrimeWednesday social media campaign, which targets the public, the waste industry, and waste criminals themselves as the regulator looks to stop waste crime for good. 

    As the environmental regulator for waste businesses operating in England, the Environment Agency uses an intelligence-based approach with its partners to bring waste criminals to justice through tough enforcement action and prosecutions. Its investigations helped secure numerous convictions in relation to waste crime in 2023 and 2024.

    Case studies

    West Midlands

    • In September 2023, a Worcestershire-based director and his company were ordered to pay nearly £110,000 following a case brought by the Environment Agency for the unlawful storage, treatment and disposal of waste without an environmental permit. Environment Agency officers found evidence the G R Shorthouse Ltd site in Hopton Wafers was being used for the storage of scrap metal, burning of wood waste, and unauthorised use of construction and demolition waste, offending described by the sentencing judge as an intentional and flagrant breach of the law aggravated by previous convictions and financial motivation. 
    • In March 2025, a Droitwich-based business was made to pay more than £52,000 after failing to comply with a demand for information about the materials they accepted. The information was required from Tetron Welbeck Limited Liability Partnership to allow the Environment Agency to conduct an audit of the site to ensure waste within the correct category was being accepted. 

    Yorkshire 

    • Following a successful prosecution by the Environment Agency, Stuart Bedford was sentenced to 12 months’ imprisonment for running waste operations in Bradford and Doncaster without the required environmental permit and keeping waste at the sites in a manner likely to pollute the environment or harm human health, while Vicky Bedford was sentenced to a 12-month community order and 15 days rehabilitation activity requirement for her involvement. 
    • Elsewhere, in June 2023, an East Yorkshire man received a suspended sentence and was ordered to pay £2,000 in compensation and costs, after illegally storing hazardous waste and running an illegal waste site in Aldbrough. An investigation by the Environment Agency found Stephen Coates was storing abandoned corroding chemical drums, intermediate bulk containers, shipping containers, old tyres and flooring materials appearing to contain asbestos on his land next to a residential house during a five-period from March 2017 to March 2022. 

    East Anglia

    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: China’s lunar probe enters world’s first 3:1 resonant orbit between Earth and Moon

    Translation. Region: Russian Federal

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

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

    HEFEI, May 28 (Xinhua) — China’s Tiandu-1 satellite has become the first probe to enter a special Earth-Moon resonant orbit, scientists announced Tuesday.

    The spacecraft successfully completed an orbital maneuver on May 22, changing orbit to what scientists call a “3:1 resonant orbit between Earth and the Moon” after a week of testing.

    The complex orbit, whose track forms the image of three giant petals with the globe as their axis, allows Tiandu-1 to make three revolutions around the Earth, corresponding in time to one rotation of the Moon around the Earth.

    According to the China Deep Space Research Lab, such an orbit has special mechanical properties that allow the satellite to maintain orbital flight with relatively low energy consumption.

    The achievement marks a major milestone in China’s lunar program, as the satellite’s flight data will be used for research into autonomous navigation and orbital control of spacecraft in complex gravity environments.

    According to scientists, resonant orbit technology could play an important role in the future exploration of the space between the Earth and the Moon and the development of the corresponding infrastructure.

    Tiandu-1 and Tiandu-2, together with the Queqiao-2 relay satellite (Magpie Bridge-2), designed to provide communications between the far side of the Moon and Earth, were launched into space in March 2024.

    Tiandu-1 will continue its extended mission to test key technologies for the integrated Earth-Moon navigation and communication satellite system.

    MIL OSI Russia News –

  • MIL-OSI Russia: EU to miss 2030 climate target by 1 percentage point

    Translation. Region: Russian Federal

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

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

    BRUSSELS, May 28 (Xinhua) — The European Union will miss its legally binding target of cutting greenhouse gas emissions by 55 percent by 2030 and will fall behind by about 1 percentage point, the European Commission said Wednesday.

    In its assessment of the final National Energy and Climate Plans submitted by Member States, the Commission found that existing and planned measures would reduce net emissions in the EU by around 54% compared to 1990 levels by 2030. This is 1 percentage point less than the 55% reduction target set by the EU Climate Law.

    Under the law, the EU aims to become climate neutral by 2050, with an interim target of reducing emissions by at least 55 percent by 2030. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: 296 Ukrainian drones destroyed over Russian regions overnight — Russian Defense Ministry

    Translation. Region: Russian Federal

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

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

    Moscow, May 28 /Xinhua/ — Air defense systems destroyed 296 Ukrainian drones over Russian regions overnight, the Russian Defense Ministry said.

    “During the past night, from 21:00 Moscow time on May 27 to 07:00 on May 28, air defense alert systems destroyed and intercepted 296 Ukrainian unmanned aerial vehicles of the aircraft type over the territories of the Moscow region, Bryansk, Belgorod, Vladimir, Voronezh, Ivanovo, Kaluga, Kursk, Oryol, Ryazan, Smolensk, Tver, Tula regions,” the report says.

    The Russian Defense Ministry said on Tuesday that Russian troops are responding to massive attacks by Ukrainian drones by striking exclusively at military facilities and Ukrainian defense industry enterprises. –0–

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ14: Handling water mains leakage

    Source: Hong Kong Government special administrative region

    LCQ14: Handling water mains leakage 
    Question:
     
         It is learnt that the issue of water mains leakage in Hong Kong has become increasingly serious in recent years. There are views that the Water Supplies Department (WSD) should address this problem promptly to ensure the efficient use of water resources. In this connection, will the Government inform this Council:
     
    (1) of the total volume of fresh water leaked from private water mains in each of the 18 districts in the territory in the past five years; and the following information on the top 10 private housing courts with the most severe water mains leakage: (i) name; (ii) year of completion; (iii) volume of water leakage involved; (iv) number of Repair Notices (RNs) and Disconnection Notices (DNs) received from the WSD; (v) number of times the water supply was suspended by the WSD; and (vi) repairs to the leaking water mains;
     
    (2) given that according to the WSD’s website, the number of RNs issued by the WSD under Section 16 of the Waterworks Ordinance (Cap. 102) (the Ordinance) was around 700 to 1 000 per year in the past 10 years with no apparent downward trend while the number of DNs issued under Section 11 of the Ordinance and the number of disconnection cases under Section 10 of the Ordinance have shown a decreasing trend, whether the WSD has studied the reasons for this situation;
     
    (3) given that according to the WSD’s website, the leakage rate of government water mains was approximately 13.4 per cent in 2024, and the WSD has also set a target to reduce the leakage rate to 10 per cent or below by 2030, but there are views that the aforesaid rate fails to cover the leakage situation of all water mains (e.g. leakage from non-government water mains), whether the WSD has plans to consolidate and make public the complete statistics concerned, and give an account of the annual amount of water loss from the water mains in the territory and the reasons for such loss in its annual reports; if so, of the details; if not, the reasons for that; and
     
    (4) whether the WSD has plans to set up a committee to take full responsibility for and handle water mains leakage, and to expedite the implementation of “smart waterworks” through coordinating work across different departments and introducing new technologies, so as to further implement “smart leakage control”; if so, of the details and the timetable; if not, the reasons for that?
     
    Reply:
     
    President,
     
         The Water Supplies Department (WSD) has been striving to enhance the management and maintenance of water mains and apply new technologies to enable effective operation of the water supply networks.
     
         Regarding government water mains, the WSD implemented a territory-wide water mains replacement and rehabilitation programme between 2000 and 2015 to replace and rehabilitate about 3???000 kilometres long aged water mains (including fresh and salt water mains), thereby raising the operational condition of the water supply networks. Since 2015, the WSD has implemented multi-pronged measures in phases, through establishment of Water Intelligent Network (WIN) and formulation and implementation of risk-based water mains improvement works under a risk-based asset management programme for water mains to continuously maintain the healthiness of the water supply networks and reduce the risks of water main bursts or leaks. Through these measures and efforts over the years, the leakage rate of fresh water mains has dropped from over 25 per cent in 2000 to around 13.4 per cent in 2024. 
     
         The replies to various parts of the Hon Yung Hoi-yan’s question are as follows:
     
    (1) Regarding the leakage of private fresh water mains (Note), the WSD calculates the volume of water loss in the communal service of a building by deducting the total fresh water consumption recorded by all water meters of individual units in the building from the master meter reading of the building to help monitor the fresh water leakage in the communal service of the building. The WSD has installed master meters in public housing estates across the territory and is currently installing master meters in private buildings in phases. Since not all buildings have been equipped with master meters, the WSD can currently only estimate the leakage rate and total volume of water loss of private fresh water mains over the past five years by referencing the volume of fresh water loss in buildings with master meters installed. The estimated results are as follows:
     

    Year     As mentioned by the Hon Yung Hoi-yan, the WSD will follow up with the housing estates concerned regarding cases of suspected leakages in private fresh water mains and will issue Repair Notices (RNs) as necessary under section 16 of the Waterworks Ordinance (the Ordinance). If no follow-up action had been taken by the deadline, the WSD will, taking into account the actual circumstances (e.g. larger scale of repair, more complicated pipe connections which require longer time for project planning and repair arrangement, etc), issue Disconnection Notices (DNs) in accordance with section 11 of the Ordinance for non-compliant cases with the RNs, where no valid justification are provided, to arrange for suspension of water supply to reduce fresh water loss. 
     
         The issuance of RNs or DNs to private housing estates involves case-specific circumstances. To avoid public misinterpretation and doubt, we consider it inappropriate to unilaterally provide the names of the housing estates.
     
    (2) In recent years, the WSD has allocated resources to actively follow up the leakage in private fresh water mains. If water loss is identified, the WSD will issue RNs to owners as early as possible, requiring them to properly repair the leaking fresh water mains so as to reduce fresh water wastage. The WSD has also stepped up publicity targeting at property management companies for enabling them to distinguish between the maintenance responsibilities of the inside service in individual flats and that of the communal service in a building. This helps property management companies depict the respective responsibilities to fresh water consumers so that the water mains repair works can be carried out promptly. Also, the WSD actively provides technical support to consumers with difficulties for early compliance of the RNs. According to the WSD’s record, most of the consumers have complied with the RNs and repaired the leaking water mains, resulting in a decrease in the number of DNs issued and the number of water disconnection cases executed by the WSD under sections 11 and 10 of the Ordinance respectively.
     
    (3) The WSD has consistently addressed the public concerns on the leakage of government water mains by providing the annual leakage rate of government water mains in its annual reports, and has emphasised the target of reducing the leakage rate of fresh water mains of government network (as a percentage of total water supply) to 10 per cent or below by 2030.
     
         As for the leakage of private fresh water mains, since many private housing estates still do not have master meters installed, the WSD is unable to fully grasp accurate data on the volume of water leakage of private housing estates in Hong Kong. As mentioned earlier, the leakage rate (as a percentage of total water supply) in 2024 was estimated to be approximately 11.6 per cent. We understand that the public is concerned about the leakage of private fresh water mains. As more private buildings progressively install master meters, the WSD will publish the leakage rate of private fresh water mains in future annual reports in a timely manner, following the practice adopted for the leakage rate of government water mains.
     
    (4) The WSD has set up the Standing Committee on Unaccounted for Water, chaired by the Deputy Director of Water Supplies, with functions including monitoring the leakage situation of government water mains and private fresh water mains, and steering and co-ordinating the water loss management work of different divisions within the WSD, etc. In June 2024, the WSD established the Digital Water Office to drive for digitalisation of water supply services, to formulate and expedite the development of smart water strategy, and to implement a series of digitalisation projects and measures in phases such as the expansion and upgrade of WIN to fully cover the fresh water supply networks and gradually upgrade the sensors for monitoring the water flow and water pressure of water mains to collect real-time data. Advanced Metering Infrastructure systems are also being installed in private buildings to monitor real-time water consumption for early detection of leaking fresh water mains. While the full digitalisation of water supply system is being implemented in a progressive manner, the water loss will be further improved gradually. The WSD will also actively maintain close contact with relevant stakeholders to explore different solutions for facilitating reduction of water loss.
     
    Note: According to the WSD, the leakage of private fresh water mains includes the leakage of the communal service in various buildings (private buildings and public housing estates).
    Issued at HKT 17:32

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fraudulent website and internet banking login screen related to China Construction Bank (Asia) Corporation Limited

    Source: Hong Kong Government special administrative region

    Fraudulent website and internet banking login screen related to China Construction Bank (Asia) Corporation Limited 
    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website or login screen concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
    Issued at HKT 17:35

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    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Frontex Supports Over 1000 Voluntary Returns to Syria

    Source: Frontex

    Since March, Frontex, the European Border and Coast Guard Agency, has facilitated the voluntary return to their home country of more than 1 000 Syrian nationals from 14 different EU Member States. This significant milestone reflects the Agency’s continued commitment to safe and dignified returns.

    Frontex’ support to voluntary returns to Syria follows the political transition in the country after the fall of the Assad regime in December 2024, a development that has led many Syrians, both those internally displaced and those residing in other countries, to seek a return home after years of conflict and displacement.

    Frontex ensures that all returnees are fully informed of their rights and the voluntary nature of their decision, and each return is carried out in accordance with EU law and international protection standards.

    “Returning home is a deeply human aspiration. For many, it means reuniting with family, reclaiming their lives, and restoring their dignity. We are proud to support this crucial pathway in line with our core values of humanity, voluntary choice, and fundamental rights.” said Frontex Executive Director Hans Leijtens.

    The European Border and Coast Guard Agency continues to expand its role as a return partner for Member States, with voluntary returns constantly growing in number and geographical scope, and now accounting for more than half of all returns supported by the Agency.

    • Frontex voluntary return operations to Syria commenced on 20 March 2025.
    • More than 1000 returns have taken place to date.
    • These returns are part of the European Union’s commitment to promote humane, safe, and voluntary return processes.
    • Frontex supports national authorities also in pre-return counselling and logistical coordination, including by deploying to EU Member States specialised profiles of the Standing Corps.
    • In the next days, the Agency will make also make available reintegration measures to those returning voluntarily to Syria, by expanding the geographical scope of the European Reintegration Programme (EURP).

    Frontex will continue to support Member States in providing individuals with a dignified pathway to return, helping those who choose to rebuild their lives at home.

    MIL OSI Europe News –

  • PM Modi: Northeast India Now Front-Runner, Not Just Frontier, Shares an Article on Region’s Rise

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Wednesday shared an article written by Union Minister of communications and North Eastern Region Jyotiraditya Scindia. PM Modi stated that Northeast India is no longer a frontier, but the front runner.

    In a post on X, the Prime Minister’s Office said, “Northeast India is no longer a frontier, it’s the front-runner. Union Minister Shri @JM_Scindia pens down a detailed article on the region’s rise as a strategic hub for trade, connectivity, and India’s $30-trillion vision for Viksit Bharat. Give it a glance!”

    The PMO’s post was in response to an article shared by Scindia on X.

    Earlier today, Scindia said that the Northeast holds key to a $30-trillion economy.

    “Northeast holds key to a $30-trillion economy…I pen down my article on how the Northeast is transforming into India’s strategic gateway to Southeast Asia — powering trade, connectivity, and our $30-trillion ambition towards a Viksit Bharat.,” the minister posted.

    At the recently concluded ‘Rising North East Investors Summit 2025,’ Scindia said that the northeastern region has emerged as a hub of global partnership and mutual interest.

    The minister informed that the two-day summit drew an unprecedented Rs 4.3 lakh crore investment proposal, setting the stage for the Northeast Region (NER) to become India’s next economic powerhouse.

    “We will continue B2G and B2B dialogues, where the Ministry for DoNER will act as a bridge between investors and state governments – to ensure that each approved project translates swiftly into reality,” he assured.

    Delegations from over 80 countries – ranging from Japan to Europe to ASEAN nations — attended the summit, and there was one unanimous sentiment: India’s future lies in the Northeast.

    The Centre adopted a “whole-of-government” approach for the development of the northeastern region and created eight high-level task forces across key sectors: agriculture, sports, investment promotion, tourism, economic corridors, infrastructure, textiles and handicrafts, and animal husbandry, allowing each state to chart its own roadmap.

    Prime Minister Narendra Modi has assured that the Northeast now offers top-tier talent across various sectors, encouraging industries and investors to leverage the region’s immense potential.

    (With inputs from IANS)

  • MIL-OSI United Kingdom: Ministers appoint Nigel Railton as permanent Post Office Chair

    Source: United Kingdom – Executive Government & Departments

    Press release

    Ministers appoint Nigel Railton as permanent Post Office Chair

    Nigel Railton confirmed as permanent Chair of Post Office Limited following his appointment as Interim Chair in May last year.

    The Government has today (Wednesday 28 May 2025) confirmed the reappointment of Nigel Railton as Chair of Post Office Limited following a year in post as interim chair. 

    Since being appointed in May 2024, Nigel Railton has provided stable and considered leadership as the Post Office seeks to right to wrongs of the Horizon IT scandal and works to transform vital services for millions of customers. 

    This includes announcing his vision to deliver a New Deal for Postmasters, which aims to increase overall annual postmaster remuneration by £250 million, give a greater role to postmasters in the day-to-day operations of the business and provide an enhanced package of support from Post Office such as training and systems support. 

    To recognise the ongoing transformation and the importance of stable leadership at the Post Office, ministers have appointed Railton on a permanent basis with his contract set to run until May 2028. 

    On confirming the appointment, Post Office Minister Gareth Thomas said:  

    Nigel Railton has been a steady hand guiding Post Office over the last year, providing a clear direction for the future of the organisation and certainty to postmasters.  

    I’m pleased to see him appointed on a permanent basis and I look forward to working closely with him and the leadership team to deliver a better Post Office for customers and postmasters alike.

    Nigel Railton, Post Office Chair, said: 

    I feel honoured to have my tenure as Chair of the Post Office extended. In the past year, we have begun the necessary work to transform this vital national institution and deliver a ‘New Deal for Postmasters’.  

    I look forward to collaborating with my Board colleagues, many of whom have recently joined and have brought expertise in the fields of technology, government, and organisation transformation, as well as two new serving Postmaster Non-Executive Directors.

    Together as a Board, working closely with the new CEO and Executive team at the Post Office, I am determined to deliver increases to postmaster pay and strengthen their voice at the centre of decision-making at the Post Office.

    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Kvika banki hf.: Íslandsbanki hf. requests merger discussions with Kvika banki hf.

    Source: GlobeNewswire (MIL-OSI)

    Today, the Chairman of the Board and the CEO of Kvika banki hf. received a letter from Íslandsbanki hf. requesting to enter into merger discussions. The Board of Directors of Kvika banki hf. will review the matter and determine the bank’s next steps.

    Please note that this notice is a disclosure of inside information per article 7 of regulation (EU) No 596/2014 on market abuse (“MAR”), which is implemented into Icelandic law with the act on measures against market abuse No 60/2021.

    The MIL Network –

  • MIL-OSI Asia-Pac: Incoming passenger convicted and jailed for possessing duty-not-paid cigarettes

    Source: Hong Kong Government special administrative region

    Incoming passenger convicted and jailed for possessing duty-not-paid cigarettes 
    Customs intercepted an incoming 32-year-old male passenger at the China Ferry Terminal in Tsim Sha Tsui yesterday (May 27) for Customs clearance. Four thousand two hundred sticks of duty-not-paid cigarettes, with an estimated market value of about $17,200 and a duty potential of about $13,900, were seized from a suitcase carried by him. The male passenger was subsequently arrested.
     
    Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. Customs reminds members of the public that under the DCO, tobacco products are dutiable goods to which the DCO applies. Any person who deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.
     
    Members of the public may report any suspected illicit cigarette activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 17:40

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    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: The EBA releases final technical package for its 4.1 reporting framework to support identification and assessment of crypto asset providers and the Pillar 3 data hub

    Source: European Banking Authority

    The European Banking Authority (EBA) today published the final technical package for version 4.1 of its reporting framework. This package will support the assessment and identification of significant crypto asset providers. It will also support the centralisation of institutions’ prudential disclosures in the EBA Pillar 3 data hub, which shall facilitate access and usability of this information to all users, including institutions. This framework will apply as of the second half of 2025.

    The draft technical package provides the standard specifications which include the validation rules, the data point model (DPM) and the XBRL taxonomies to support the following reporting obligations:

    • Pillar 3 templates included in the comprehensive Implementing Technical Standards (ITS) on Pillar 3 disclosures, for the purpose of the Pillar 3 data hub.
    • Own initiative guidelines on reporting of data that competent authorities will need for the purpose of their supervisory tasks and for significance assessment (MiCAR reporting Guidelines).
    • Integration of Instant Payments reporting ITS into DPM and taxonomy
    • A series of validation rules have been added to the ESG ad-hoc data collection module.

    Background and Next steps

    A draft version of the technical package for the 4.1 reporting framework was published at the end of March 2025. The final version published today includes corrections and addresses the feedback provided from the revision of the draft technical package by various stakeholders.

    In June 2024, the EBA published its plan for the implementation of DPM 2.0. The draft technical package for version 4.1 published today, continues the transition to DPM 2.0 and to the new glossary, as announced in June. This draft technical package includes a version of the data dictionary contents in both formats the DPM 1.0 and the new format DPM 2.0.

    The FAQs published in December 2024 providing additional explanations on the transition to DPM 2.0 and a new glossary period remain a good source of information. In addition, the EBA is providing a presentation explaining the use of DPM-XL language for validation rules

    MIL OSI Europe News –

  • MIL-Evening Report: View from the Hill: Liberals and Nationals patch things up and announce a shadow ministry

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Two Victorian Liberal women, Jane Hume and Sarah Henderson, have been dumped and a key numbers man has been promoted from the backbench to the shadow cabinet in the new frontbench announced by Coalition leaders Sussan Ley and David Littleproud.

    Hume was the high-profile finance spokeswoman last term and central in the disastrous work-from-home election policy debacle.

    Henderson was shadow education minister, and complained after the election about not being able to get some of her policy out. She said in a statement she was “very disappointed” not to be included in the shadow ministry. “I regret that a number of high performing Liberal women have been overlooked or demoted in the new ministry”.

    Alex Hawke, who was numbers man for Scott Morrison, and has played that role for Ley, becomes shadow minister for industry and innovation as well as manager of opposition business in the House of Representatives.

    The shadow ministry was unveiled after a Nationals party meeting earlier on Wednesday formally signed off on re-forming the Coalition, just over a week after it had dramatically split.

    Senator Jacinta Nampijinpa Price, who defected from the Nationals in a vain hope of becoming deputy Liberal leader, is shadow minister for defence industry, outside the shadow cabinet. Price has lost out by her move – she would have been in the shadow cabinet if she had stayed in the Nationals. She indicated on Wednesday night she would continue to speak widely on issues.

    The post of “government efficiency” that Peter Dutton created for Price has been scrapped.

    As expected, Liberal deputy Ted O’Brien, who carried the nuclear debate for the opposition in the last term, becomes shadow treasurer. The deputy leader has the right to choose their own portfolio.

    Apart from O’Brien, the opposition economic team includes James Paterson in finance, Andrew Bragg in productivity, deregulation and housing, and Tim Wilson in industrial relations, employment and small business.

    This is a promotion for Paterson, considered a good performer on national security issues last term, and a big reward for Wilson for dislodging teal MP Zoe Daniel. There is a partial recount in Wilson’s seat of Goldstein at Daniel’s request, but he is considered safe.

    The opposition’s Senate leader Michaelia Cash receives the plum job of shadow foreign minister, while Angus Taylor, who ran unsuccessfully for leader, becomes shadow defence minister.

    Andrew Hastie, who wanted to move from the defence post, is in home affairs. Hastie decided not to run for leader after the election but is seen as positioning himself for a bid at some point in the future. He told the ABC this week: “Timing is really important in political life”.

    Kerrynne Liddle is shadow minister for Indigenous Australians, as well as having social services. Angie Bell becomes shadow minister for the environment while Dan Tehan is spokesman on energy and emissions reduction.

    Jonathon Duniam becomes education spokesman. Julian Leeser takes over shadow attorney-general, a position he held early last term before he resigned over the Voice.

    The Nationals, who wanted a stronger economic voice, have
    won the position of shadow assistant treasurer, which goes to Pat Conaghan.

    For their part, the Liberals have sliced off part of the infrastructure portfolio, held by the Nationals’ Bridget Mckenzie, to create a new shadow ministry for urban infrastructure and cities, which goes to Queensland senator James McGrath.

    Gisele Kapterian, who as of late Wednesday was only three votes ahead of teal Nicolette Boele for the Sydney seat of Bradfield, will become a shadow assistant minister if she wins.

    For Ley, the shadow frontbench reflects a juggling act of rewarding supporters while seeking to not excessively alienate those who opposed her.

    She was reluctant to be drawn on her dumping of Hume, who supported Taylor in the leadership. “I don’t reflect on private conversations. I will say this; These are tough days and having been through many days like this myself in my parliamentary career, I recognise that.”

    Tensions in the Nationals

    Though the Coalition is back together, ructions within the Nationals are continuing, with the longer-term implications for Littleproud unclear.

    Two former Nationals leaders, Michael McCormack and Barnaby Joyce, have been excluded from frontbench positions. Both had been critical of breaking the Coalition.

    McCormack welcomed the Coalition rejoining, but said “we should never have been apart”. Of his exclusion from the frontbench, he told reporter in his home city of Wagga Wagga, “I’m disappointed, but life goes on”.

    Nationals Colin Boyce, from Queensland, attacked Littleproud on Wednesday saying, “How can you support a bloke who misled the party room?” Boyce, speaking on Sky, said the party room had not been told “the whole truth about the conversations, the letters, the little extras that were demanded”.

    It was later revealed Littleproud had asked for Nationals shadow ministry to have freedom to freelance on policy. This was rejected by Ley, which Littleproud then accepted.

    The Coalition now faces a defining coming battle over whether to stay committed to the target of reducing emissions to net zero by 2050.

    Joyce – under whom the Nationals signed up to net zero – flagged he would push for change.

    He said net zero was a disaster for the economy and the environment, and most importantly for “poor people because they can’t afford their power bills”.

    Nationals senator Matt Canavan, who ran for the leadership against Littleproud, is a constant campaigner against net zero.

    Hastie this week described net zero as “a straitjacket that I’m already getting out of”.

    Ley was confident she and Littleproud could work well together. “Personally, David and I will be friends. I think a woman who got her start in the shearing sheds of western Queensland can always find something to talk about over a steak and a beer, David, with you, the person who represents those communities now.”

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

    – ref. View from the Hill: Liberals and Nationals patch things up and announce a shadow ministry – https://theconversation.com/view-from-the-hill-liberals-and-nationals-patch-things-up-and-announce-a-shadow-ministry-257335

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Announcement on Open Market Operations No.100 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.100 [2025]

    (Open Market Operations Office, May 28, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB215.5 billion through quantity bidding at a fixed interest rate on May 28, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB215.5 billion

    RMB215.5 billion

    Date of last update Nov. 29 2018

    2025年05月28日

    MIL OSI China News –