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Category: CTF

  • MIL-Evening Report: Treasury warns the government it may not balance the budget or meet its housing targets

    Source: The Conversation (Au and NZ) – By John Hawkins, Head, Canberra School of Government, University of Canberra

    Kokkai Ng/Getty

    In the runup to each election, federal treasury produces a “blue book” and a “red book”, with advice tailored to the priorities of the two alternative governments.

    One of these is given to the incoming government and the other is never released. Freedom of Information requests have generally resulted in only heavily redacted versions of the incoming government brief being made public.

    But this week, the table of contents was accidentally released, revealing treasury’s view of how the government should be handling the economy.

    Taxes “need to be raised”

    Treasury suggests more tax should be raised. This is unsurprising – there is bipartisan support for more defence spending, and an ageing population means more spending on health and aged care, only partially offset by less spending on education.



    Read more:
    The 2025 budget has few savings and surprises but it also ignores climate change

    The government is hoping to slow spending on the National Disability Insurance Scheme but it is still projected to grow much faster than government revenue.

    No one wants to default on government debt. So higher bond yields and the deficits incurred during the COVID pandemic, and projected for the next decade, mean governments will be paying more interest.

    There are few areas of government spending expected to contract. So the cruel arithmetic is unless we are happy to keep government debt – already close to a trillion dollars – growing indefinitely, taxes need to rise.

    The challenge is to find the most efficient way to do so. We don’t know whether Treasury made specific suggestions.

    As we will probably hear at next month’s Economic Reform Roundtable, most economists think we should be putting more tax on things we want to discourage (greenhouse gas emissions, consumption of unhealthy products) and less on things we want to encourage (working, saving).

    We want more taxes that do not alter economic activity (such as on land and excess profits from minerals) and less that discourage useful economic activities (such as stamp duties, which discourage mobility). We also want less tax where activity is being driven into black markets (arguably the case with cigarettes).

    There may be some areas where tax concessions are excessive. Superannuation tax concessions are subsidising some rich people to build much larger savings than are needed for a comfortable retirement. (A proposal from the government to trim these will be before the Senate when parliament resumes next week.)

    Capital gains tax concessions, which mainly help the rich, are also hard to justify.

    We also want to consider equity. Most people accept that a tax system should be progressive. This means the rich pay a higher proportion of income in taxes than do the poor. In our current tax system, income and land taxes are progressive but GST and some other excises are regressive. The overall system is roughly proportional.

    Housing target “will not be met”

    Treasury also warned the government that its pledge to build 1.2 million homes over five years will be very difficult to achieve. In the year to June 2024, just 176,000 homes were built.

    Even the relevant ministers have described the target as “ambitious”. Treasurer Jim Chalmers said on Monday “we will need more effort”.

    Treasury has cast doubt on the government’s plans to build 1.2 million new homes over five years. So far only 176,000 have been built.
    Inga Blessas/Shutterstock

    Many commentators have described how difficult it will be to achieve this target.

    A shortage of construction workers, the impact of planning restrictions, and weak productivity are also concerns. A recent study by the Productivity Commission concluded:

    over the past 30 years, the number of dwellings completed per hour worked by housing construction workers has declined by 53%.

    Concerns about the US

    Another unsurprising revelation in the briefing is Treasury is concerned about the economic consequences of Donald Trump as US president.

    One threat comes from the ever-changing array of tariffs Trump is introducing. If other countries retaliate by raising their own tariffs, the adverse impact on the global economy will be even greater.



    Read more:
    What would a second Trump presidency mean for the global economy?

    We can get some idea of the possible impact on Australia from modelling published by the Reserve Bank. In its Statement on Monetary Policy, the bank presented two alternative scenarios.

    Under what it called the “trade war” scenario, global gross domestic product declines by more than it did during the 2007 global financial crisis. Australian unemployment increases to nearly 6%. Under the “trade peace” scenario, unemployment remains around its current 4% level.

    Another concern held by Treasury was the possible loss of independence of the US Federal Reserve Board (or “Fed”), the counterpart to Australia’s Reserve Bank. Trump has vowed to replace Fed chair Jerome Powell with someone more compliant when Powell’s term ends next year.

    Trump wants the Fed to slash short-term interest rates regardless of the economic circumstances. This would raise the risk of a surge in inflation. It could also lead to higher bond yields, which would flow into higher interest rates charged by banks on loans. This could plunge the US economy into recession, with impacts felt around the world.

    John Hawkins was formerly a senior economist in the Australian Treasury.

    – ref. Treasury warns the government it may not balance the budget or meet its housing targets – https://theconversation.com/treasury-warns-the-government-it-may-not-balance-the-budget-or-meet-its-housing-targets-261084

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Confusing for doctors, inequitable for patients: why Australia’s medicinal cannabis system needs urgent reform

    Source: The Conversation (Au and NZ) – By Christine Mary Hallinan, Senior Research Fellow, Department of General Practice and Primary Care, Faculty of Medicine, Dentistry and Health Sciences, The University of Melbourne

    Vanessa Nunes/Getty Images

    In 2024 alone, Australia’s medicines regulator, the Therapeutic Goods Administration (TGA), authorised at least 979,000 prescription applications for medicinal cannabis through its specialised access pathways.

    These “specialised access” mechanisms were originally designed for occasional, case-by-case use of unapproved drugs. But they have become mainstream.

    As more and more people receive medicinal cannabis prescriptions, we’re left with a system that is misaligned with its original purpose.

    The current prescribing landscape for medicinal cannabis is confusing for doctors, inequitable for patients, and difficult to regulate.

    The Australian Health Practitioner Regulation Agency (Ahpra) recently announced it’s going to crack down on unsafe prescribing. But this doesn’t go far enough. The system needs urgent reform.

    What is medicinal cannabis used for?

    Medicinal cannabis was legalised in Australia in 2016. Products come in different forms including oils, liquids, capsules, gels (which can be applied to the skin), dried flower (which can be inhaled using a vapouriser) and gummies.

    Key ingredients include THC (tetrahydrocannabinol) and CBD (cannabidiol). THC is the main psychoactive compound in cannabis, and is responsible if a “high” is experienced.

    When it was first legalised, medicinal cannabis was intended for patients with complex needs and severe, treatment-resistant conditions.

    The TGA clearly indicated medicinal cannabis should not be considered a first-line treatment for any condition, and should be administered with a “start low, go slow” dosage approach.

    Patients for whom it might be deemed appropriate included those receiving palliative care, or suffering with intractable epilepsy, multiple sclerosis, nausea and vomiting from chemotherapy, or chronic pain unresponsive to standard care.

    But over time, prescribing has expanded well beyond these cases. Today, most medicinal cannabis prescriptions are given for relatively common conditions such as chronic pain, anxiety and sleep disorders.

    What does the evidence say?

    The evidence remains inconsistent. Chronic pain – the most common reason medicinal cannabis is prescribed in Australia – offers a key example.

    According to a recent TGA review, some randomised trials suggest medicinal cannabis may help a subset of patients achieve moderate reductions in pain. However, many studies are small, of variable quality, and don’t account for long-term effects.

    And like all medicines, medicinal cannabis carries risks. Products containing THC have been linked to side-effects such as sedation, dizziness and cognitive impairment.

    While generally better tolerated, CBD is not risk-free. For example, both CBD and THC can interact with certain medications, heightening the likelihood of adverse effects.

    Access over evidence

    In Australia, approved medicines undergo rigorous clinical testing before they’re registered. Drug manufacturers’ applications to the TGA normally include detailed data on efficacy as well as long-term safety monitoring and quality controls.

    But driven by patient advocacy, political responsiveness, and commercial momentum, medicinal cannabis has come to reflect a different model.

    Most medicinal cannabis products – bar two which have TGA approval – lack the evidence demonstrating safety, quality and efficacy required of registered pharmaceuticals.

    In other words, the majority are not subject to the rigorous trials or data standards required for formal registration with the TGA’s Australian Register of Therapeutic Goods.

    For many doctors, whose prescribing has traditionally been guided by strong trial data and rigorous regulatory review, this doesn’t sit well.

    Doctors are often flying blind

    While companies can legally sell cannabis products via access schemes without investing in clinical research, doctors are expected to prescribe without consistent information on what works, for whom, and at what dose.

    The TGA oversees access pathways but is neither resourced nor mandated to provide clinical oversight or direct support to prescribers, leaving many clinicians to navigate the system alone.

    Prescriptions are frequently granted via telehealth and posted to patients.

    Growing concerns have emerged that some care models – particularly high-volume telehealth services – are prioritising patient throughput over clinical judgment, and not spending enough time with patients.

    For example, Ahpra reported eight practitioners issued more than 10,000 medicinal cannabis scripts in a six-month period, while one appeared to have issued in excess of 17,000.

    The surge in prescribing has been further shaped by active marketing from some cannabis companies, outpacing the development of coordinated clinical guidance and safety monitoring infrastructure.

    Many people who get a script for medicinal cannabis do so via telehealth.
    Geber86/Shutterstock

    Access and affordability: a system failing patients

    Some people, including those living in rural and remote areas, can find it difficult to navigate medicinal cannabis prescribing processes. This can be due to limited digital access and fewer opportunities for follow-up with a local GP. These challenges make it harder for people to make informed decisions about their care.

    Cost is also a major issue, particularly where bulk billing is unavailable or multiple consultations are needed. This is on top of the cost of the products.

    One of the two TGA-approved medicinal cannabis products, Sativex, used to treat muscle stiffness in multiple sclerosis, is not currently subsidised by the Pharmaceutical Benefits Scheme. This means patients pay the full cost, which ranges between A$700 and $800 for a 6–8 week supply.



    Read more:
    We looked at 54 medicinal cannabis websites to see if they followed the rules. Here’s what we found

    What needs to change?

    Australia’s medicinal cannabis system is based on a fragmented evidence base and a fast-growing market operating with limited visibility into how products are used or evaluated. Addressing these challenges will require coordinated reform across multiple fronts.

    1. Capture real-world data

    Most urgently, we need robust, real-world data. To deliver safe and equitable care, we must know how medicinal cannabis is being prescribed, for what conditions, under what circumstances, and with what outcomes.

    Without this, we cannot answer the most basic questions about clinical benefits or track adverse events.

    Real-world data, such as de-identified health information from clinics, could help inform better clinical and policy decisions.

    2. Build a national accreditation model

    Australia needs a national prescriber accreditation model for medicinal cannabis, developed in collaboration with clinicians, regulators and professional bodies.

    Such a model would help ensure prescribing is clinically appropriate, evidence-informed, and consistent with evolving standards of care. In practice, this would mean health professionals would need to complete specific training before prescribing medicinal cannabis.

    This approach is not without precedent. For example, some health professionals must undergo immuniser accreditation before they can administer vaccines independently.

    3. Tackle inequity

    Finally, we must confront persistent access inequities. That includes exploring government subsidies for TGA-approved medicinal cannabis products. No one should have to choose between financial hardship and safe access.

    Dr Christine Hallinan, Senior Reseach Fellow, conducted research on the pharmacovigilance of medicinal cannabis at the University of Melbourne as part of the Pharmacovigilance theme within the Australian Centre for Cannabinoid Clinical and Research Excellence (ACRE), which was funded by the National Health and Medical Research Council (NHMRC) through the Centre of Research Excellence (CRE) scheme. She served as an Associate Investigator on ACRE from 2017 to 2023. Christine Hallinan is also a member of an Expert Roundtable on medicinal cannabis, chaired by Ian Freckelton AO KC and facilitated by Montu. The Roundtable brings together experts from medicine, law, research, and policy to contribute recommendations for a more evidence-based and fit-for-purpose regulatory framework. These roles are disclosed in the interest of transparency and do not influence the content or conclusions of this work.

    – ref. Confusing for doctors, inequitable for patients: why Australia’s medicinal cannabis system needs urgent reform – https://theconversation.com/confusing-for-doctors-inequitable-for-patients-why-australias-medicinal-cannabis-system-needs-urgent-reform-257249

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Africa: Our Rights are Non-Negotiable: How Reservations to the Maputo Protocol are Holding Back Women’s Rights in Africa (By Deborah Nyokabi and Gicuku Kiragu)

    Source: APO

    By Deborah Nyokabi (http://apo-opa.co/3GFEO0H) and Gicuku Kiragu (http://apo-opa.co/4eJwzNC), Legal Equality Experts, Equality Now (www.EqualityNow.org).

    July 2025 marks 22 years since the adoption of the Protocol to the African Charter on Human and Peoples’ Rights on the Rights of Women in Africa (http://apo-opa.co/4lsiHdm) – known as the Maputo Protocol – by the African Union Heads of State Assembly. Over the past two decades, the Protocol has played a pivotal role in advancing the rights of women and girls across the continent. Yet, despite this progress, its full promise remains unfulfilled for millions due to shortfalls in ratification, domestication, and effective implementation by many African governments.

    Reservations to the Maputo Protocol – instances when states choose not to be bound by specific provisions of the treaty – continue to limit key rights such as access to safe abortion, protection from child marriage, fair legal treatment in divorce, and the right to inherit property.

    These reservations, often supported by cultural or religious justifications, have real-life and potentially devastating consequences, particularly for survivors of gender-based violence and marginalised women and girls who are especially in need of legal protection.

    Women’s rights are increasingly under threat from rollback

    Reservations against the Protocol constrict the scope of legal protections at a time when hard-won women’s rights are increasingly being undermined by rollbacks around the world. In Africa (http://apo-opa.co/4lxrPxo) and elsewhere, anti-gender actors are a serious threat to women’s rights (http://apo-opa.co/46EM3QU), gender and sexuality diversity, and democracy itself.

    This concerning trend is highlighted in Equality Now’s 2025 report, Words & Deeds: Holding Governments Accountable in the Beijing+30 Review Process (http://apo-opa.co/40jdgVz), which identifies how legal protections for women and girls in some countries have been weakened or overturned through regressive legislative changes, judicial rulings, and funding cuts.

    State reservations against the Maputo Protocol hinder women’s human rights

    The option to enter reservations on treaty documents is integral to the international human rights system. It serves as a tool for encouraging states to ratify treaty documents with the assurance that they can maintain and protect their sovereignty. However, this flexibility comes with significant drawbacks (http://apo-opa.co/4eRclSf) to human rights as a whole.

    The Maputo Protocol is a legally binding treaty that seeks to “ensure that the rights of women are promoted, realised and protected (http://apo-opa.co/4llpy8c) in order to enable them to fully enjoy all their human rights.” When states enter reservations, they effectively lower the minimum human rights standards established by the Protocol within their jurisdictions, undermining its overall impact. As a result, reservations have hindered, both legally and in practice, the treaty’s ability to comprehensively improve the lives of women and girls in the affected countries.

    For example, Uganda’s reservations to Article 14(1)(a), which calls for adequate, affordable and accessible health services, and Article 14(2)(c), focusing on protecting women’s reproductive rights, has significantly limited women’s reproductive autonomy and has contribute to high rates of unwanted pregnancies and unsafe abortions, particularly among survivors of rape and incest.

    In Kenya, the reservation to Article 14(2)(c) contradicts its own Constitution and contributes to at least 2,600 maternal deaths annually from unsafe abortions. Kenya has also opted out of commitments under Article 10(3), which calls on States Parties to take necessary measures to reduce military expenditure, resulting in lower investment for essential maternal healthcare and social development.

    Mauritius’s reservation on Article 14(2)(c) has prevented the provision of comprehensive reproductive healthcare. While allowing abortion under limited circumstances, imposing police reporting requirements and a 14-week limit leaves many women and girls without viable options.

    State reservations of the Maputo Protocol are failing families and women

    Countries’ reservations to Article 6, which relates to marriage, enable marriage inequality and child marriage. For example, Ethiopia and South Africa’s reservations permit unregistered marriages, exposing women to increased risk of child marriage and denying them legal protections in marital disputes.

    Namibia’s failure to recognise customary marriages means women in such unions lack legal safeguards in divorce or inheritance, a situation unaddressed even in its new Marriage Act of 2024.

    In Algeria, the state’s reservation allows for exceptions to the legal minimum age of marriage, enabling child marriage to persist under civil and customary law. Reservations on Article 7 – governing separation, divorce and annulment of marriage – restrict women’s ability to seek divorce unless they meet specific conditions. Even in no-fault cases, women must pay a cash settlement to their husbands.

    Meanwhile, Algeria’s reservations against Article 14, which outlines reproductive rights, have also fostered conditions that perpetuate child marriage, obstruct women’s access to divorce, and deny rape survivors access to safe abortion.

    Reservations to Article 7 in Ethiopia enable non-judicial separations, with couples informally separating without going to court. This undermines legal oversight and often results in unfair property settlements and loss of child custody for women.

    Ethiopia’s reservation to Article 21 on inheritance limits widows’ rights as the state requires them to be explicitly named in a will, leaving many economically vulnerable. In the Sahrawi Arab Democratic Republic (SADR), reservations block widows’ rights to protection from degrading treatment and undermine their custodial and remarriage rights, reinforcing patriarchal control and exclusion.

    The SADR has issued multiple sweeping reservations, including on integrating gender perspectives in national policy, ensuring equality in family law, and protecting widows’ rights. These undermine not only legal reforms but the broader societal shifts required for gender equality. Restrictions on reproductive rights further compound the oppression of women in this territory.

    Calling on governments to withdraw reservations against the Maputo Protocol

    The adoption in March 2025 of Resolution 632 (LXXXII) 2025 on the Need to Raise Awareness for States to Withdraw Reservations on Some Provisions of the Maputo Protocol (http://apo-opa.co/4eS4zrg) by the African Commission on Human and Peoples’ Rights is a welcome move as this resolution will help develop a framework to guide African Union Member States on lifting reservations in collaboration with stakeholders, including Equality Now.

    In the face of growing resistance to gender equality and mounting efforts to erode women’s rights across Africa and globally, the Maputo Protocol stands as a robust legal framework to safeguard hard-won gains and push for further progress. However, the Protocol’s transformative potential can only be fulfilled if states withdraw the reservations that dilute its protections. These carve-outs deny millions of women and girls access to justice, safety, autonomy, and equality.

    It is imperative that all stakeholders stand together to resist the growing anti-gender backlash and hold the line in defence of equality and justice for all. Women’s human rights are not negotiable. They are inalienable, indivisible, interdependent, and universal.

    At this pivotal moment, African governments must uphold all their legal and moral obligations under the Protocol and collaborate meaningfully with civil society to ensure that every woman and girl in Africa can live with dignity, free from violence, discrimination, and inequality.

    Distributed by APO Group on behalf of Equality Now.

    For media enquiries, contact:
    Michelle Tuva,
    Regional Communications Officer, Africa,
    mtuva@equalitynow.org  

    Tara Carey,
    Global Head of Media,
    Equality Now,
    Tcarey@equalitynow.org,
    T. +44 (0)7971556340 (available on WhatsApp and Signal)

    Social Media:
    Bluesky: http://apo-opa.co/44DSZwB 
    Facebook: http://apo-opa.co/3Gq3MkG 
    Instagram: http://apo-opa.co/4luKTMH 
    LinkedIn: https://apo-opa.co/44vye69 

    About Equality Now:
    Equality Now (www.EqualityNow.org) is a worldwide human rights organisation dedicated to securing the legal and systemic change needed to end discrimination against all women and girls. Since its inception in 1992, it has played a role in reforming 120 discriminatory laws globally, positively impacting the lives of hundreds of millions of women and girls, their communities and nations, both now and for generations to come.

    Working with partners at national, regional and global levels, Equality Now draws on deep legal expertise and a diverse range of social, political and cultural perspectives to continue to lead the way in steering, shaping and driving the change needed to achieve enduring gender equality, to the benefit of all.

    For more details, go to www.EqualityNow.org

    Media files

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    MIL OSI Africa –

  • Magnitude 6.7 earthquake strikes Indonesia’s Tanimbar Islands region, geophysics agency says

    Source: Government of India

    Source: Government of India (4)

    An earthquake of magnitude 6.7 struck off the coast of Indonesia’s Tanimbar Islands region on Monday, the country’s geophysics agency said, adding there was no tsunami potential.

    The quake was at a depth of 98 km (60.89 miles), the agency said.

    The German Research Centre for Geosciences (GFZ) reported that the quake was of 6.8 magnitude and at a depth of 10 km (6.21 miles).

    Tremors were felt in several small towns in eastern Indonesia, the agency said.

    There was no immediate reports of damage, said Indonesia’s disaster mitigation agency.

    Indonesia straddles the so-called Pacific Ring of Fire, a highly seismically active zone, where different plates on the Earth’s crust meet and create a large number of earthquakes and volcanic activity.

    (Reuters)

  • MIL-OSI Russia: D. Trump said that the US will send Patriot missiles to Ukraine

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    LOS ANGELES, July 14 (Xinhua) — U.S. President Donald Trump said Sunday that the United States will send Patriot air defense systems to Ukraine to help bolster the country’s defenses against Russian attacks.

    Speaking to reporters at Joint Base Andrews in Maryland, Trump explained that the European Union would purchase the missiles from the United States and then deliver them to Ukraine.

    “We’re basically going to send them various pieces of very advanced military equipment. They’re going to pay us 100 percent for it, and that’s what we want,” the president said, without specifying how many Patriot systems would be provided.

    The American leader also said he plans to meet with NATO Secretary General Mark Rutte next week to discuss the Ukrainian issue and other urgent issues. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Iran, UAE call for ensuring security in West Asia through participation of all countries in the region

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    TEHRAN, July 14 (Xinhua) — Iran and the United Arab Emirates (UAE) on Sunday stressed the need to ensure security in West Asia through the participation of all regional states, the semi-official Tasnim news agency reported.

    During a telephone conversation, Secretary of Iran’s Supreme National Security Council Ali Akbar Ahmadian and UAE National Security Adviser Sheikh Tahnoun bin Zayed Al Nahyan discussed regional issues, bilateral ties and Israeli-American “aggression” against Iran, the report said.

    A.A. Ahmadian praised the UAE’s condemnation of Israel’s military “aggression” against Iran, stressing that the security of the region’s countries is “interrelated” and requires the participation of all states in the region.

    “If the security of any country in the region is threatened by external risks, then this will challenge the entire region,” he added.

    A.A. Ahmadian also emphasized Iran’s principled policy of expanding relations with its neighbors.

    The UAE National Security Adviser also noted that all states in the region must guarantee the security of the region.

    “If the security of one regional state is threatened, it will negatively affect all other countries in the region,” he said.

    On June 13, Israel launched major airstrikes on several areas of Iran, including nuclear and military sites, killing senior commanders, nuclear scientists, and civilians. Iran responded with multiple missile and drone strikes on Israel, causing casualties and destruction.

    After 12 days of fighting, a ceasefire was reached between Iran and Israel on June 24. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Hamas and Palestinian Islamic Jihad say peace talks must ensure Israeli withdrawal

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    GAZA, July 14 (Xinhua) — Hamas and Palestinian Islamic Jihad said Sunday that ongoing indirect talks with Israel should lead to an end to the war, a complete Israeli withdrawal from the Gaza Strip, opening of crossings and reconstruction.

    The remarks came during a meeting between the leaders of the two organizations at an unspecified location, according to a statement released by Hamas.

    The Hamas delegation was led by Hamas Shura Council Chairman Mohammed Darwish, while the Palestinian Islamic Jihad delegation was led by its Secretary General Ziad al-Nakhalah.

    “The two factions discussed developments in the ongoing internationally mediated talks and the Israeli side’s responses to the proposals presented to reach a ceasefire agreement,” the statement said.

    The statement stressed that any potential agreement must meet the aspirations of the Palestinians, including an end to the war that has led to human suffering and heavy civilian casualties.

    Indirect talks between Israel and Hamas in the Qatari capital Doha are entering a “critical and difficult phase,” a Hamas source said, warning that Israel’s “intransigence” could lead to the talks collapsing.

    A Hamas source said the two delegations had reviewed Israel’s responses, noting that the main obstacle to progress in the talks was Israel’s “intransigent position on the withdrawal maps.” -0-

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

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    MIL OSI Russia News –

  • MIL-OSI New Zealand: Rural News – New finance rules risk cutting off rural lending – Federated Farmers

    Source: Federated Farmers

    Federated Farmers is calling for new proposed ‘green’ finance rules to be scrapped, warning they’re ideologically driven, unworkable, and risk doing real harm to rural communities.
    In a letter sent to Ministers and key officials on July 11, the organisation outlined a series of serious concerns with the Sustainable Finance Taxonomy.
    “This framework is fundamentally flawed,” Federated Farmers banking spokesperson Mark Hooper says.
    “It has been created without meaningful input from working farmers, it imposes unrealistic standards, and it risks cutting off financial services to legitimate, productive rural businesses.”
    The Sustainable Finance Taxonomy is being developed by the Centre for Sustainable Finance and the Ministry for the Environment to provide a consistent framework for defining what is ‘green’ or ‘sustainable’ in financial markets.
    Federated Farmers says it would create major risks for New Zealand’s agricultural sector and is urging the Government to halt the process entirely.
    “One of our core concerns is the lack of practical farming expertise involved in developing the taxonomy,” Hooper says.
    “There are no hands-on farmers involved with the Technical Advisory Group. Instead, it’s full of shiny-shoed bankers, sustainability advisors, and forestry lobbyists.
    “If you’re designing a finance framework for agriculture, farmers must be at the table. This is a total governance failure.”
    Without real-world knowledge of farming systems, the framework fails to reflect the operational realities and sustainability efforts already embedded in New Zealand’s primary sector.
    For example, the proposed taxonomy defines ‘green’ farming as producing less than one tonne of CO₂ equivalent per hectare per year.
    “This threshold is so low that no working New Zealand farm could realistically qualify, even though we’re home to the most emissions-efficient food producers in the world,” Hooper says.
    “It s

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Education – Ara to stand-alone from 1 January 2026

    Source: Ara Institute of Canterbury

    Attribution: Darren Mitchell, Executive Director – Ara Institute of Canterbury
    Ara Institute of Canterbury welcomes the Government’s decision to re-establish Ara as a stand-alone institution from 1 January 2026.
    This milestone reflects the strength of our financial position, the capability and resilience of our people, and the strategic changes we’ve made to ensure Ara is future-ready. It also recognises our proud legacy of delivering high-quality vocational education and training to the Canterbury region and beyond.
    Our return to independence is more than a structural change; it’s a powerful endorsement of the value Ara brings to our communities and industries. It means we can be even more responsive to local needs, more agile in our decision-making and more focused on delivering the skills and innovation that power Aotearoa New Zealand’s economy.
    For more than 120 years, Ara has been the cornerstone of vocational education and training in Waitaha Canterbury. As we look ahead, we remain dedicated to producing confident, work-ready graduates who will lead and uplift the industries and communities they serve.
    This next chapter is made possible by the dedication of our kaimahi. Their unwavering commitment to our learners, our region and our shared future has laid the foundation for Ara to thrive as an independent institution once again, and we’re ready to move forward together.

    MIL OSI New Zealand News –

  • MIL-OSI China: Workers weather desert extremes to complete ‘power expressway loop’ in Xinjiang

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

    A drone photo shows Chen Lin (R) operating at a construction site in Minfeng County, of Hotan Prefecture, northwest China’s Xinjiang Uygur Autonomous Region, July 13, 2025. China has finished construction of a 4,197-km extra-high voltage power transmission loop around the Tarim Basin, home to the country’s largest desert, marking a major infrastructure milestone in southern Xinjiang Uygur Autonomous Region. 

    The final section of the 750-kilovolt (kV) loop, now the country’s largest of its kind, was connected on Sunday, capping a 15-year project involving nine substations and nearly 10,000 steel towers, according to a subsidiary of State Grid Xinjiang Electric Power Co., Ltd., which constructed the project.

    The transmission line passes through extreme terrain, from the shifting sands of the desert to the high altitudes of the Kunlun Mountains.

    Chen Lin arrived in March this year at the southern edge of the Taklimakan Desert, where he, side by side with over 40 colleagues, accomplished part of the transmission line construction work despite sandy gusts and scorching temperature. (Photo by Zhang Limin/Xinhua)

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    MIL OSI China News –

  • MIL-OSI China: China, US intensifying efforts to implement London trade talk outcomes: Customs official

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

    China and the United States are accelerating efforts to implement outcomes from the framework reached during the economic and trade talks in London, an official with the General Administration of Customs (GAC) said Monday.

    Following positive progress in recent economic and trade talks in Geneva and London, trade between the two countries recovered to over 350 billion yuan (about 49 billion U.S. dollars) last month from less than 300 billion yuan in May, Wang Lingjun, deputy head of the GAC, told a press conference.

    Wang said China-U.S. economic and trade cooperation was mutually beneficial in nature, and that it represents the irreversible trend of globalization, the need for deeper industrial chain integration, and the demands for collaboration on innovation between enterprises of the two countries and improvement of the well-being of the two peoples.

    Describing the consensus reached in Geneva and the framework established in London as “hard-won,” he said China hopes the United States will work with China to make cooperation the main theme of bilateral economic and trade ties, steer the global trade system back to a fair and open track, and contribute to the recovery and growth of the global economy.

    MIL OSI China News –

  • Nigeria’s former President Muhammadu Buhari dies in London, PM Modi offers condolences

    Source: Government of India

    Source: Government of India (4)

    Nigeria’s former president, Muhammadu Buhari, who led Africa’s most populous country from 2015 to 2023 and was the first Nigerian president to oust an incumbent through the ballot box, died in London on Sunday, a presidential spokesperson said.

    “President Buhari died today in London at about 4:30 p.m. (1530 GMT), following a prolonged illness,” President Bola Tinubu’s spokesperson said in a statement.

    The spokesperson said Tinubu had directed Vice President Kashim Shettima and his chief of staff to travel to London to collect and accompany Buhari’s body back to Nigeria for burial.

    Prime Minister Narendra Modi expressed grief over Buhari’s demise.

    In a post on X, PM Modi said, “Deeply saddened by the passing of former President of Nigeria Muhammadu Buhari. I fondly recall our meetings and conversations on various occasions. His wisdom, warmth and unwavering commitment to India–Nigeria friendship stood out. I join the 1.4 billion people of India in extending our heartfelt condolences to his family, the people and the government of Nigeria.

    A Muslim, Buhari was expected to be buried according to Muslim rites in his home state of northwestern Katsina, government officials said.

    Buhari, 82, first led the country as a military ruler after a coup in the 1980s. He earned a devoted following for his brand of anti-corruption conviction politics.

    He referred to himself as a “converted democrat” and swapped his military uniform for kaftans and prayer caps.

    “I belong to everybody and I belong to nobody,” was a constant refrain Buhari told supporters and critics alike.

    Buhari defeated Goodluck Jonathan in 2015 in what was judged to be Nigeria’s fairest election to date. Many hoped the retired major general would crack down on armed groups, just as he had as the country’s military head of state.

    Instead, violence that had mostly been confined to the northeast spread. That left swathes of Nigeria outside the control of its security forces as gunmen in the northwest, armed separatists and gangs in the southeast roamed unchecked.

    Much of his appeal lay in the anti-corruption ethos that was a central plank of his agenda both as a military and civilian ruler. He said endemic corruption in Nigeria’s political culture was holding people back.

    ‘BABA GO SLOW’

    But Buhari quickly disappointed after his 2015 win.

    He took power as Nigeria was reeling from jihadist group Boko Haram’s kidnapping of nearly 300 schoolgirls from the northeastern town of Chibok.

    He took six months to name his cabinet. During that time, the oil-dependent economy was hobbled by low crude prices, prompting people to call him “Baba Go Slow”.

    He retained his popularity in poor, largely Muslim northern Nigeria, where voters propelled him to his second victory in 2019, despite his first term being blighted by Nigeria’s first recession in a generation, militant attacks on oilfields, and repeated hospital stays for an undisclosed illness.

    On the economy, Buhari applied the same approach that failed when he was in power in the 1980s – keeping the currency artificially high, as a matter of national pride. Just as in his first stint in power, the president ignored the IMF’s advice to devalue the naira.

    In 2022 the production of oil – by far Nigeria’s greatest export – fell to its lowest level in more than two decades due to crude theft in the Niger Delta.

    His anti-corruption crackdown also ran into criticism and failed to yield high-profile convictions.

    Rights groups said Buhari never let go of his autocratic tendencies. In a major flashpoint, unarmed demonstrators protesting against police brutality were gunned down in 2020. Nationwide street violence followed, marking some of the most widespread civil unrest since military rule ended in 1999.

    KIDNAP PLOT

    Born on December 17, 1942, in Daura, Katsina State, Buhari enrolled in the army at 19. He would eventually rise to the rank of major-general.

    He seized power in 1983 as a military ruler, promising to revitalise a mismanaged country. He took a tough line on everything from the conditions sought by the International Monetary Fund to unruliness in bus queues.

    In 1984, his administration attempted to kidnap a former minister and vocal critic living in Britain. The plot failed when London airport officials opened the crate containing the abducted politician.

    His first stint in power was short-lived. He was removed after only 18 months by another military officer, Ibrahim Babangida.

    Buhari spent much of the following 30 years in fringe political parties and trying to run for president until his eventual victory over Jonathan in 2015.

    Buhari said he aimed to improve the lives of Nigerians through social welfare programmes, the construction of train lines, roads, dams, airports and power infrastructure.

    The infrastructure projects laid the foundation for a strong Nigerian economy, he said.

    (With inputs from Reuters)

  • Heavy rain batters UP, HP, Rajasthan as northern India braces for continued Monsoon surge

    Source: Government of India

    Source: Government of India (4)

    India is currently in the midst of an active monsoon phase, with widespread rainfall and dynamic weather conditions affecting large parts of the northern and central regions on Monday.

    According to the Regional Meteorological Centre in New Delhi, the past 24 hours witnessed significant precipitation across several states, notably Uttar Pradesh and Himachal Pradesh. Isolated pockets in Uttar Pradesh recorded very heavy rainfall, with Mahroni in Lalitpur receiving 163 mm, Lalitpur 147 mm, and Fatehpur Tehsil (Banki) 140 mm.

    Additional heavy showers were reported in Banda, Bijnor, and Varanasi, with Beberu in Banda district recording 110 mm of rainfall.

    In Rajasthan, Manoharthana in Jhalawar received 115 mm, Sallopat in Banswara 95 mm, and Jaswantpura in Jalour 78 mm. In Himachal Pradesh, Murari Devi registered 126 mm, while Manethi in Haryana saw 82.3 mm. Thunderstorms and lightning were reported across eastern Uttar Pradesh and various parts of Northwest India, except Haryana.

    Isolated hailstorms were observed in Jammu and Kashmir, while gusty winds swept through Himachal Pradesh, Uttarakhand, and eastern Uttar Pradesh.

    The seven-day forecast indicates sustained rainfall across the region. Himachal Pradesh, Uttarakhand, and eastern Uttar Pradesh are expected to experience fairly widespread to widespread showers through July 19.

    Jammu & Kashmir and Ladakh are likely to see scattered to fairly widespread rainfall, while Punjab, Haryana, and Delhi may witness scattered showers, which are expected to taper off to isolated activity later in the week.

    Rajasthan is likely to receive moderate rainfall, with eastern Rajasthan likely to see more consistent precipitation compared to the western parts.

    Maximum temperatures across the plains of northwest India are expected to remain stable over the next five days.

    The India Meteorological Department (IMD) advises residents to stay updated via the MAUSAM app for location-specific forecasts, the Meghdoot app for agricultural advisories, and the Damini app for lightning alerts.

    (IANS)

  • Pilgrims praise Kailash Mansarovar Yatra as spiritually uplifting and seamlessly organised

    Source: Government of India

    Source: Government of India (4)

    The ongoing Kailash Mansarovar Yatra via the Nathu La route is drawing widespread praise from pilgrims and officials alike, with many describing the journey as both spiritually uplifting and exceptionally well-managed. Pilgrims returning from the sacred pilgrimage have expressed deep gratitude for the arrangements made by Indian authorities, particularly the Sikkim Tourism Development Corporation (STDC).

    Rajendra Chettri, Chief Executive Officer of STDC, lauded the success of this year’s Yatra, noting the overwhelmingly positive feedback from participants. According to Chettri, the fourth batch of pilgrims has successfully completed the Yatra and is currently en route to Lhasa, while the fifth batch is stationed at Sherathang, preparing to cross into Tibet. Chettri is scheduled to visit Nathu La on Monday to personally oversee arrangements for the group’s movement into the Tibetan region.

    “The Yatris are extremely happy with the facilities provided by STDC,” he said. “At any given time, two batches are in the Tibetan region—one entering and one returning.” Most of the batches comprise 45 to 48 pilgrims and are accompanied by two Liaison Officers deputed by the Ministry of External Affairs (MEA). The final batch is expected to depart on August 7, cross into Tibet by August 12, and return by August 23. All pilgrims are scheduled to head home by August 24.

    Chettri highlighted the improvements made since the last Yatra in 2019, especially in hygiene and accommodation. He also acknowledged the cooperation of Chinese authorities, calling their support “welcoming and encouraging.”

    Pilgrims have described the Yatra as deeply emotional and spiritually fulfilling. A female pilgrim, who undertook the journey with her husband, called it a divine experience. “It is by the grace of God that we were chosen for this Yatra. Everything was managed so well that we never felt any discomfort. The welcome was overwhelming—Yogi ji himself greeted us and offered gifts, marking a spiritual start to our journey.”

    Reflecting on her visit to Mount Kailash, she added, “Even now, I get goosebumps recalling the moment. Our journey was not only smooth but truly divine. I am grateful to everyone—the Indian and Chinese authorities and the countless people working behind the scenes.”

    Ravi Verma, a pilgrim from Pune, described the experience as both physically and spiritually uplifting. “Despite the long trek and high altitude, I didn’t feel any of my usual knee or muscle pains. That itself felt miraculous.” He recounted his trek through Yamadwar, Deraphuk, and Dolma Pass—one of the most physically demanding segments of the Yatra. “Even Dolma Pass, with its low oxygen and steep climb, felt safe and manageable. Collecting water from Gaurikund was a special moment.”

    Verma also shared a personal connection to the Yatra, revealing that his parents had completed the journey on foot in 1997, covering nearly 500 kilometres. “Their dedication inspired me. Though I walked only 40 kilometres, the experience was equally divine. I believe all my success in life is a blessing from Mount Kailash.”

    Devendra Tiwari, a pilgrim from Bhopal, echoed similar sentiments. He praised the discipline among fellow pilgrims and credited the Government of India, MEA, Indo-Tibetan Border Police (ITBP), and STDC for their seamless coordination. “Not even rain or clouds came in our way. We completed darshan and puja peacefully. I truly feel blessed.”

  • MIL-OSI China: China’s economic development zones to further facilitate new quality productive forces

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

    China’s economic development zones to further facilitate new quality productive forces

    BEIJING, July 14 — China’s national economic development zones will continue to play a role in fostering new quality productive forces in light of local conditions, according to an official speaking on the latest episode of the China Economic Roundtable, the all-media talk show hosted by Xinhua News Agency.

    In doing so, efforts will focus on fostering synergy between sci-tech and industrial innovation, said Ji Xiaofeng, an official with China’s commerce ministry.

    China’s national-level economic development zones currently host over 700 national incubators and maker spaces as well as more than 18 percent of the country’s high-tech enterprises, she said at the roundtable.

    “We will strive to set up more industrial innovation platforms while building a complete chain for product certification, large-scale production and testing to accelerate technological innovation and application of such advances in national economic development zones,” said Ji.

    She said China will support national economic development zones in carrying out major technological upgrades and large-scale equipment renewals to accelerate the transformation and upgrades of traditional industries.

    National economic development zones will also develop strategic emerging industries such as biomedicine, new energy, new materials and aerospace, and make forward-looking planning for future industries, according to Ji.

    In one of the latest policy pushes, China unveiled a work plan earlier this year encouraging national economic development zones to foster new quality productive forces in light of local conditions by establishing more industrial innovation platforms and computing power infrastructure, among other approaches.

    China established its first national-level economic development zone in the northeastern city of Dalian in 1984. In 2024, the number of such zones reached 232, generating a regional GDP of 16.9 trillion yuan (about 2.36 trillion U.S. dollars).

    MIL OSI China News –

  • MIL-OSI China: China’s national economic development zones foster coordinated regional development

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

    China’s national economic development zones foster coordinated regional development

    BEIJING, July 14 — China’s national economic development zones serve as powerful engines for regional growth, driving industrial advancement across both prosperous and less-developed regions, according to a guest speaker on the latest episode of the China Economic Roundtable, the all-media talk show hosted by Xinhua News Agency.

    The zones play a leading role in their respective provinces or regions. Specializing in core industries, the zones extend developed areas’ economic influence and accelerate development in less-developed regions, said Ji Xiaofeng, an official from the Ministry of Commerce’s Department of Foreign Investment Administration.

    Ji noted that the zones function not only as platforms for global openness but also as hubs for orderly cross-regional industrial transfers. While strengthening clustered development of competitive and leading industries, the ministry fully leverages the zones’ radiating effects on their host regions, she added.

    For example, the Beijing Economic-Technological Development Area has proactively expanded its production and supply chains to neighboring areas, enabling local businesses to benefit from its flagship enterprises and achieve mutual growth.

    The ministry also prioritizes deepening ties between regional industry leaders through the interaction between eastern and western development zones, Ji said.

    China established its first national-level economic development zone in the northeastern city of Dalian in 1984. By 2024, the number of such zones reached 232, generating a regional GDP of 16.9 trillion yuan (about 2.36 trillion U.S. dollars).

    MIL OSI China News –

  • MIL-OSI: Ellomay Capital Ltd. Announces a Proposed Private Placement of Ordinary Shares to Israeli Institutional and Classified Investors for Approximately NIS 50 Million

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, July 14, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced that it received and accepted, following the approval of its Board of Directors, commitments from several Israeli institutional and classified investors to buy 926,000 ordinary shares of the Company in a private placement (the “Private Placement”). As a result of the Private Placement, an affiliate of Menora Mivtachim Holdings Ltd. (one of Israel’s largest institutional investors), which holds securities for the benefit of members of provident funds or pension funds, is expected to become an interested party in the Company, holding approximately 6% of the Company’s outstanding shares.

    The price per share in the Private Placement was set at NIS 54 (approximately $16.3) and the gross proceeds to the Company are expected to be approximately NIS 50 million. The price per share was determined on July 9, 2025. The closing price per share on July 8, 2025 and July 9, 2025 on the Tel Aviv Stock Exchange was NIS 56.88 and NIS 58.53, respectively. The Company intends to use the net proceeds from this offering for general corporate purposes.

    The closing of the Private Placement is subject to the receipt of regulatory approvals, which are expected to be obtained during July 2025.

    The Private Placement described in this report, if made, will be made in Israel only and not to U.S. persons. The ordinary shares, if sold, will not be registered under the U.S. Securities Act of 1933, as amended, and will not be offered or sold in the United States without registration or applicable exemption from the registration requirements according to the U.S. Securities Act of 1933. Nothing in this press release constitutes a public offering or an invitation to purchase the Company’s securities.

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and 51% of approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • 51% of solar projects in Italy with an aggregate capacity of 160 MW that commenced construction processes;
    • Solar projects in Italy with an aggregate capacity of 134 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are connected to the grid and additional 22 MW that are awaiting connection to the grid.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including inability to receive regulatory approvals, changes in electricity prices and demand, regulatory changes increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza and between Israel and Iran, the impact of the continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company, inability to obtain the financing required for the development and construction of projects, inability to advance the expansion of Dorad, increases in interest rates and inflation, changes in exchange rates, delays in development, construction, or commencement of operation of the projects under development, failure to obtain permits – whether within the set time frame or at all, climate change, and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network –

  • MIL-OSI New Zealand: The beginning of a new era for EIT

    Source: Eastern Institute of Technology

    17 seconds ago

    Today the Minister for Vocational Education announced that EIT is one of the Polytechnics which will be standing up as independent institution from January 2026. This is great news for the Hawke’s Bay and Tairāwhiti regions as EIT will have the autonomy once again to make decisions that are best for ākonga and the diverse communities we serve.

    For the past three years, EIT has been a business division of Te Pūkenga, which was an amalgamation of 16 Polytechnics and 9 industry training organisations.  

    This year, EIT proudly celebrates 50 years of providing education and training to the community. What was originally the Hawke’s Bay Community College first opened its doors in 1975. EIT consolidated itself as the preeminent educational provider on the East Coast when it merged with Tairāwhiti Polytechnic in Gisborne in 2011.  EIT has thrived over the last 50 years, now offering more than 160 postgraduate, degree, diploma and certificate-level programmes.

    Glen Harkness, Acting Operations Lead for EIT, is thrilled by the announcement

    “We are focused on ensuring we are an institution that is financially viable, academically rigorous, founded on strong and enduring industry engagement and community connections within our region. We will do this by making sure our EIT values are at the heart of what we do. This is to ensure we are fit for purpose in a modern, digital age where our ākonga learn in different ways and have expectations around what we deliver and how we do this.  I want to acknowledge our kaimahi who have been through so much change over the past few years and have stuck at it due to their commitment and passion for our ākonga and communities,” he said.

    “We are currently going through a consultation process with kaimahi (staff) to ensure that we are financially viable and can have a long, bright future as an independent organisation.  This may mean some roles are disestablished in the process; however, we are still going through feedback, and no decisions have yet been made”, notes Glen.

    “Nothing changes in terms of us continuing to provide quality education and training to our communities. We are looking forward to engaging even more closely with Iwi, Industry, Employers, Schools and other partners as we look towards a bright future as an institution that supports our regions with their workforce needs.”

    Hastings mayor Sandra Hazlehurst welcomed the announcement, after what has been an incredibly difficult few years for the institution.

    “Our region’s leaders have met with the Minister to highlight the importance of EIT to our region. As our only tertiary provider, it has had a strong, functioning model with good governance, and the Te Pūkenga reform process has been very challenging.

    “It’s extremely important for our region to have a local provider that gives our people accessible and affordable training opportunities, saving them the costs involved with studying outside the region, while at the same time helping develop a skilled workforce that meets the needs of multiple sectors in our community.

    “We look forward to EIT having further opportunities to build on its local leadership in our region.”

    Doug Jones, Trust Tairāwhiti Chief Executive, welcomed the announcement.

    “It’s positive news that the Government has backed EIT to operate independently and continue delivering quality education and training opportunities,” he said.

    “As the regional Economic Development Agency, Trust Tairāwhiti understands the importance of EIT to our region and people in supporting workforce development and addressing future skills challenges. The local institute is also incredibly valuable to our young people, enabling them to stay in the region while completing tertiary training.”

    Karla Lee, Hawke’s Bay Chamber of Commerce CEO, said the decision builds on EIT’s strong regional track record.

    “EIT has long played a key role in developing a skilled workforce for our region. Returning to local governance strengthens that connection and gives EIT even more flexibility to work alongside businesses, respond to sector needs, and support economic growth across Hawke’s Bay and Tairāwhiti.”

    MIL OSI New Zealand News –

  • MIL-OSI: Karolinska Development’s portfolio company Modus Therapeutics completes enrollment in part 1 of its phase 2a study with sevuparin

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN July 14, 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company Modus Therapeutics has completed patient enrollment on schedule to part 1 of its ongoing clinical phase 2a study with sevuparin, which is being evaluated as a treatment for patients with chronic kidney disease with anemia.

    Modus Therapeutics, listed on Nasdaq First North Growth Market, has successfully completed the patient enrollment for the initial part of its clinical phase 2a study. This part aims to evaluate the safety and established dosing levels of sevuparin in both patients with chronic kidney disease (stage 3-5) and healthy volunteers. The study, conducted across two leading nephrology centers in Italy, will guide optimal dosing for the next part of the phase 2a study, a proof-of-concept study set to evaluate the therapeutic potential following repeated dosing.

    “Reaching this milestone on schedule positions Modus well for the next important step in validating the therapeutic potential of sevuparin. We’re pleased to continue supporting them as they advance into the proof-of-concept part, representing a critical value inflection point for the program,” says Viktor Drvota, CEO, Karolinska Development.

    Karolinska Development’s ownership in Modus Therapeutics amounts to 66 percent.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Karolinska Development’s portfolio company Modus Therapeutics completes enrollment in part 1 of its phase 2a study with sevuparin

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN July 14, 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company Modus Therapeutics has completed patient enrollment on schedule to part 1 of its ongoing clinical phase 2a study with sevuparin, which is being evaluated as a treatment for patients with chronic kidney disease with anemia.

    Modus Therapeutics, listed on Nasdaq First North Growth Market, has successfully completed the patient enrollment for the initial part of its clinical phase 2a study. This part aims to evaluate the safety and established dosing levels of sevuparin in both patients with chronic kidney disease (stage 3-5) and healthy volunteers. The study, conducted across two leading nephrology centers in Italy, will guide optimal dosing for the next part of the phase 2a study, a proof-of-concept study set to evaluate the therapeutic potential following repeated dosing.

    “Reaching this milestone on schedule positions Modus well for the next important step in validating the therapeutic potential of sevuparin. We’re pleased to continue supporting them as they advance into the proof-of-concept part, representing a critical value inflection point for the program,” says Viktor Drvota, CEO, Karolinska Development.

    Karolinska Development’s ownership in Modus Therapeutics amounts to 66 percent.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com.

    Attachment

    The MIL Network –

  • MIL-OSI: INVL Baltic Sea Growth Fund has completed the acquisition of the Pehart Group in Romania

    Source: GlobeNewswire (MIL-OSI)

    INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has completed the investment in Pehart Group, a leading producer of household and industrial paper products in Romania. The consortium of International Finance Corporation (IFC), Banca Transilvania and ING Bank Romania provided an over EUR 150 million financing package with a significant sustainable linked component to fund the transaction and further development of Pehart Group. 

    The transaction with Abris Capital Partners, the independent private equity fund that previously held Pehart Group, was completed on 11th July.  

    Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund, said: “We are excited to back Pehart Group management team in bringing the company to the next level and we will support significant investments into expansion of Pehart’s manufacturing capacities and add-on acquisitions in the region strengthening Pehart Group’s market leadership and driving its next phase of growth.”  

    Gabriel Stanciu, CEO Pehart Group, commented: ”With the completion of the transaction with INVL Baltic Sea Growth Fund, we are honoured to join the leading private equity fund in the Baltics and benefit from its vision and expertise. We see this partnership as an opportunity to accelerate our development plans and strengthen Pehart Group’s position as a regional leader in the paper products industry. We will continue to invest in cutting edge technologies, diversify our product portfolio and expand our presence in international markets. We thank our previous partners, Abris Capital Partners, for their support in achieving our growth objectives in the past years. We look confidently to the future and are ready to capitalize on new opportunities together with INVL Baltic Sea Growth Fund.” 

    “The closing of this transaction is the culmination of a successful partnership with Pehart Group and its management team, whom we thank for the excellent collaboration over the past years. Together, we have succeeded in transforming Pehart into a strong regional player. We are proud of the progress of the company and the values built over this time and are confident that Pehart will continue to grow at an accelerated pace alongside its new partner. This transaction stands for Abris’ commitment to supporting high-potential businesses and ambitious management teams that can deliver sustainable performance in strategic sectors for the Central and Eastern European economy”, said Adrian Stănculescu, Partner and Head of Romania at Abris Capital Partners.  

    Equity for the deal was provided by the INVL Baltic Sea Growth Fund and some of its investors co-investing via INVL BSGF Co-Invest Fund II.  

    International Finance Corporation (IFC), a member of the World Bank Group, has led syndication of overt EUR 150 million financing package for Pehart Group.  

    “This investment underscores IFC’s commitment to fostering sustainable economic growth while addressing Romania’s energy challenges,” said Marcelo Castellanos, IFC`s Senior Country Manager for Southeastern Europe. “By supporting Pehart, we are advancing the country’s green transition, promoting job creation in underserved regions, and demonstrating the key role of private capital in achieving climate goals.” 

    “This partnership reflects our ongoing commitment to support our clients’ strategic plans and to provide smart financial solutions, tailored to their needs in a strategic sector. Thus, we are proud to support Pehart in their plan for sustainable growth and to consolidate their position as a leading player on the regional market”, said Cosmin Călin, Senior Executive Director of Large Corporate Clients, Structured Finance and Factoring Banca Transilvania.  

    “ING has a long partnership with Abris in Romania, including Pehart. We are proud to continue supporting a local business in growing further and pursuing regional ambitions, as we are a solid supporter for the expansion of the Romanian economy. We thank Abris and Pehart for the partnership built along these years and wish many successes to Invalda INVL Group and Pehart going forward” said Raluca Tintoiu, Head of Wholesale Banking and deputy CEO at ING Romania. 

    Deimantė Korsakaitė, Managing Partner at INVL Private Equity Fund II and INVL Baltic Sea Growth Fund, commented: “Finalizing the acquisition of Pehart Group marks a key milestone for the INVL Baltic Sea Growth Fund, completing a value-driven portfolio of ten companies across the Baltics, Poland and Romania, with one already successfully exited. With the launch of its successor INVL Private Equity Fund II earlier this year, which surpassed the target and reached EUR 305 million at first close, we are well-positioned to continue our investment strategy and supporting ambitious businesses across the Baltics, CEE region and the broader EU.” 

    With a 187-year tradition, Pehart Group is one of the largest paper manufacturers in Southeast Europe with a portfolio ranging from toilet paper, paper towels, napkins, and other hygiene paper products to jumbo rolls, used in the converting process into paper products for household and industrial use. In 2024, Pehart Group succeeded in strengthening its leading position on the market through production efficiency and strategic investments. The focus on diversifying the product portfolio led to new launches, such as the SOVIO brand, targeting the Away-from-Home sector, as well as expansion into international markets. In 2024, the Pehart Group generated revenues of EUR 165 million and employed more than 550 people across its companies. 

    Pehart Group is defined by continuous evolution, efficiency, respect for the planet’s resources and for the people who build its story every day. It continuously optimizes its products and services by creating a sustainable and equitable environment for a renewable future. Pufina, one of the most popular tissue paper brands in Romania, Alint, Altessa and SOVIO, the Away-from-Home products division, are part of the Pehart Group portfolio. 

    About the INVL Baltic Sea Growth Fund 

    With a fund size of EUR 165 million, the INVL Baltic Sea Growth Fund is the leading private equity fund in the Baltics. Its anchor investor is the European Investment Fund (EIF), which is a part of the European Investment Bank, and committed EUR 30 million with the support of the European Fund for Strategic Investments (a key element of the Investment Plan for Europe, or the Junker Plan) while also allocating resources from the Baltic Innovation Fund (a “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia,  to increase capital investment in high-growth potential small and medium-sized enterprises in the Baltics). The fund is managed by the leading asset management group in the Baltics Invalda INVL group, which companies manage or have under supervision over EUR 1.9 billion of assets. 

    Contact person for further information:
    Vytautas Plunksnis, Head of Private Equity at INVL Asset Management,
    Vytautas.Plunksnis@invl.com

    The MIL Network –

  • MIL-OSI: INVL Baltic Sea Growth Fund has completed the acquisition of the Pehart Group in Romania

    Source: GlobeNewswire (MIL-OSI)

    INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has completed the investment in Pehart Group, a leading producer of household and industrial paper products in Romania. The consortium of International Finance Corporation (IFC), Banca Transilvania and ING Bank Romania provided an over EUR 150 million financing package with a significant sustainable linked component to fund the transaction and further development of Pehart Group. 

    The transaction with Abris Capital Partners, the independent private equity fund that previously held Pehart Group, was completed on 11th July.  

    Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund, said: “We are excited to back Pehart Group management team in bringing the company to the next level and we will support significant investments into expansion of Pehart’s manufacturing capacities and add-on acquisitions in the region strengthening Pehart Group’s market leadership and driving its next phase of growth.”  

    Gabriel Stanciu, CEO Pehart Group, commented: ”With the completion of the transaction with INVL Baltic Sea Growth Fund, we are honoured to join the leading private equity fund in the Baltics and benefit from its vision and expertise. We see this partnership as an opportunity to accelerate our development plans and strengthen Pehart Group’s position as a regional leader in the paper products industry. We will continue to invest in cutting edge technologies, diversify our product portfolio and expand our presence in international markets. We thank our previous partners, Abris Capital Partners, for their support in achieving our growth objectives in the past years. We look confidently to the future and are ready to capitalize on new opportunities together with INVL Baltic Sea Growth Fund.” 

    “The closing of this transaction is the culmination of a successful partnership with Pehart Group and its management team, whom we thank for the excellent collaboration over the past years. Together, we have succeeded in transforming Pehart into a strong regional player. We are proud of the progress of the company and the values built over this time and are confident that Pehart will continue to grow at an accelerated pace alongside its new partner. This transaction stands for Abris’ commitment to supporting high-potential businesses and ambitious management teams that can deliver sustainable performance in strategic sectors for the Central and Eastern European economy”, said Adrian Stănculescu, Partner and Head of Romania at Abris Capital Partners.  

    Equity for the deal was provided by the INVL Baltic Sea Growth Fund and some of its investors co-investing via INVL BSGF Co-Invest Fund II.  

    International Finance Corporation (IFC), a member of the World Bank Group, has led syndication of overt EUR 150 million financing package for Pehart Group.  

    “This investment underscores IFC’s commitment to fostering sustainable economic growth while addressing Romania’s energy challenges,” said Marcelo Castellanos, IFC`s Senior Country Manager for Southeastern Europe. “By supporting Pehart, we are advancing the country’s green transition, promoting job creation in underserved regions, and demonstrating the key role of private capital in achieving climate goals.” 

    “This partnership reflects our ongoing commitment to support our clients’ strategic plans and to provide smart financial solutions, tailored to their needs in a strategic sector. Thus, we are proud to support Pehart in their plan for sustainable growth and to consolidate their position as a leading player on the regional market”, said Cosmin Călin, Senior Executive Director of Large Corporate Clients, Structured Finance and Factoring Banca Transilvania.  

    “ING has a long partnership with Abris in Romania, including Pehart. We are proud to continue supporting a local business in growing further and pursuing regional ambitions, as we are a solid supporter for the expansion of the Romanian economy. We thank Abris and Pehart for the partnership built along these years and wish many successes to Invalda INVL Group and Pehart going forward” said Raluca Tintoiu, Head of Wholesale Banking and deputy CEO at ING Romania. 

    Deimantė Korsakaitė, Managing Partner at INVL Private Equity Fund II and INVL Baltic Sea Growth Fund, commented: “Finalizing the acquisition of Pehart Group marks a key milestone for the INVL Baltic Sea Growth Fund, completing a value-driven portfolio of ten companies across the Baltics, Poland and Romania, with one already successfully exited. With the launch of its successor INVL Private Equity Fund II earlier this year, which surpassed the target and reached EUR 305 million at first close, we are well-positioned to continue our investment strategy and supporting ambitious businesses across the Baltics, CEE region and the broader EU.” 

    With a 187-year tradition, Pehart Group is one of the largest paper manufacturers in Southeast Europe with a portfolio ranging from toilet paper, paper towels, napkins, and other hygiene paper products to jumbo rolls, used in the converting process into paper products for household and industrial use. In 2024, Pehart Group succeeded in strengthening its leading position on the market through production efficiency and strategic investments. The focus on diversifying the product portfolio led to new launches, such as the SOVIO brand, targeting the Away-from-Home sector, as well as expansion into international markets. In 2024, the Pehart Group generated revenues of EUR 165 million and employed more than 550 people across its companies. 

    Pehart Group is defined by continuous evolution, efficiency, respect for the planet’s resources and for the people who build its story every day. It continuously optimizes its products and services by creating a sustainable and equitable environment for a renewable future. Pufina, one of the most popular tissue paper brands in Romania, Alint, Altessa and SOVIO, the Away-from-Home products division, are part of the Pehart Group portfolio. 

    About the INVL Baltic Sea Growth Fund 

    With a fund size of EUR 165 million, the INVL Baltic Sea Growth Fund is the leading private equity fund in the Baltics. Its anchor investor is the European Investment Fund (EIF), which is a part of the European Investment Bank, and committed EUR 30 million with the support of the European Fund for Strategic Investments (a key element of the Investment Plan for Europe, or the Junker Plan) while also allocating resources from the Baltic Innovation Fund (a “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia,  to increase capital investment in high-growth potential small and medium-sized enterprises in the Baltics). The fund is managed by the leading asset management group in the Baltics Invalda INVL group, which companies manage or have under supervision over EUR 1.9 billion of assets. 

    Contact person for further information:
    Vytautas Plunksnis, Head of Private Equity at INVL Asset Management,
    Vytautas.Plunksnis@invl.com

    The MIL Network –

  • MIL-OSI: Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Source: GlobeNewswire (MIL-OSI)

    EUROCASTLE INVESTMENT LIMITED

                                       
                            FOR IMMEDIATE RELEASE
    Contact:        
    Oak Fund Services (Guernsey) Limited
    Company Administrator
    Attn: Nicole Barnes
    Tel: +44 1481 723450        

    Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Guernsey, 14 July 2025 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) (“Eurocastle” or the “Company”) today announces that notice of its Annual General Meeting containing the full text of the proposed resolutions and a proxy statement has been mailed out to all holders on record as of Thursday, 10 July 2024. In addition, the Company has posted the Annual General Meeting notice on its website under Periodic Reports and Shareholder Communications in the Investor Relations Section.

    As previously announced, Eurocastle will hold its Annual General Meeting on Tuesday, 5 August 2025, at the Company’s registered office at 3:00 pm Guernsey time (4:00 pm CET).

    ABOUT EUROCASTLE

    Eurocastle Investment Limited (“Eurocastle” or the “Company”) is a publicly traded closed-ended investment company. On 8 July 2022, the Company announced the relaunch of its investment activity and is currently in the early stages of pursuing its new strategy by initially focusing on opportunistic real estate in Greece with a plan to expand across Southern Europe. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

    The MIL Network –

  • MIL-OSI: Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Source: GlobeNewswire (MIL-OSI)

    EUROCASTLE INVESTMENT LIMITED

                                       
                            FOR IMMEDIATE RELEASE
    Contact:        
    Oak Fund Services (Guernsey) Limited
    Company Administrator
    Attn: Nicole Barnes
    Tel: +44 1481 723450        

    Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Guernsey, 14 July 2025 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) (“Eurocastle” or the “Company”) today announces that notice of its Annual General Meeting containing the full text of the proposed resolutions and a proxy statement has been mailed out to all holders on record as of Thursday, 10 July 2024. In addition, the Company has posted the Annual General Meeting notice on its website under Periodic Reports and Shareholder Communications in the Investor Relations Section.

    As previously announced, Eurocastle will hold its Annual General Meeting on Tuesday, 5 August 2025, at the Company’s registered office at 3:00 pm Guernsey time (4:00 pm CET).

    ABOUT EUROCASTLE

    Eurocastle Investment Limited (“Eurocastle” or the “Company”) is a publicly traded closed-ended investment company. On 8 July 2022, the Company announced the relaunch of its investment activity and is currently in the early stages of pursuing its new strategy by initially focusing on opportunistic real estate in Greece with a plan to expand across Southern Europe. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

    The MIL Network –

  • MIL-OSI: Falcon Oil & Gas Ltd (“Falcon”) – Another Stellar IP60 Flow Test Result in the Beetaloo and 2025 Drilling Campaign Commences

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd (“Falcon”)

    Another Stellar IP60 Flow Test Result in the Beetaloo

    And

    2025 Drilling Campaign Commences

    14 July 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 60-day initial production (“IP60”) flow rate of 6.8 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated horizontal within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP60 result in the Beetaloo to date.

    Points to note:

    • The average flow rate of 12.4 MMcf/d over a normalized 10,000-foot horizontal section remains in-line with an average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin to the Australian domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States. 
    • The exit rate maintains a steady, low-declining curve at 6.4 MMcf/d with a flowing wellhead pressure of ~720 psi and has exhibited less decline than that of the Shenandoah South 1H well (“SS-1H”) over the last 30 days of testing.
    • For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

    Drilling Campaign Gets Underway

    • The 2025 drilling campaign has now commenced targeting up to three 10,000-foot horizontal wells to be drilled back-to-back over the next few months. This will complete the drilling phase of the five well Shenandoah South pilot program.
    • As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has no cost exposure to the drilling of these three wells as it opted to reduce its participating interest in the three wells to 0%.

    Philip O’Quigley, CEO of Falcon commented:

    “The IP60 flow rate results announced today of 6.8 MMcf/d are truly stellar and mark another major data point in the Beetaloo Sub-basin, again demonstrating that it compares to the best shale wells in the United States. These results, coupled with the average 30-day initial production exceeding Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres, all point towards the significant resource potential of the Beetaloo.

    The commencement of the 2025 three well drilling campaign, which is the largest drilling campaign in the Beetaloo to date, will hopefully provide further evidence of the real commercial potential of the Beetaloo.

    We look forward to updating the market as soon as these drilling results become available.”

    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

     

    This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

    For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

    About Beetaloo Joint Venture (EP 76, 98 and 117)   

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 22.5%
    Tamboran (B2) Pty Limited (“Tamboran”) 77.5%
    Total 100.0%

    Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 5.0%
    Tamboran (B2) Pty Limited 95.0%
    Total 100.0%

    1Subject to the completion of SS–4H wells on the Shenandoah South pad 2.

    About Tamboran (B2) Pty Limited
    Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

    Tamboran Resources Corporation is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Sub-basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

    Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

     

    Appendix A – SS-2H ST1 Flow Test Details

    Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results.

    Advisory regarding forward-looking statements

    Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “anticipated”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes.  In particular, forward-looking information in this press release includes, details on the IP60 flow test results of SS-2H ST1 including assumptions that the results are in line with average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period and that they demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin in the Australian Domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States; consistency of the results of SS-2H ST1 with SS-1H; belief the average 30-day initial production of a normalised flow rate of 3 MMcf/d per 1,000 metres is a commercial threshold and coupled with the IP60 flow rate points towards the significant resource potential of the Beetaloo; and details on the 2025 three well drilling campaign which has commenced.

    This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and/or their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

    Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

    Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

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

    Attachment

    The MIL Network –

  • MIL-OSI: Falcon Oil & Gas Ltd (“Falcon”) – Another Stellar IP60 Flow Test Result in the Beetaloo and 2025 Drilling Campaign Commences

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd (“Falcon”)

    Another Stellar IP60 Flow Test Result in the Beetaloo

    And

    2025 Drilling Campaign Commences

    14 July 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 60-day initial production (“IP60”) flow rate of 6.8 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated horizontal within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP60 result in the Beetaloo to date.

    Points to note:

    • The average flow rate of 12.4 MMcf/d over a normalized 10,000-foot horizontal section remains in-line with an average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin to the Australian domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States. 
    • The exit rate maintains a steady, low-declining curve at 6.4 MMcf/d with a flowing wellhead pressure of ~720 psi and has exhibited less decline than that of the Shenandoah South 1H well (“SS-1H”) over the last 30 days of testing.
    • For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

    Drilling Campaign Gets Underway

    • The 2025 drilling campaign has now commenced targeting up to three 10,000-foot horizontal wells to be drilled back-to-back over the next few months. This will complete the drilling phase of the five well Shenandoah South pilot program.
    • As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has no cost exposure to the drilling of these three wells as it opted to reduce its participating interest in the three wells to 0%.

    Philip O’Quigley, CEO of Falcon commented:

    “The IP60 flow rate results announced today of 6.8 MMcf/d are truly stellar and mark another major data point in the Beetaloo Sub-basin, again demonstrating that it compares to the best shale wells in the United States. These results, coupled with the average 30-day initial production exceeding Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres, all point towards the significant resource potential of the Beetaloo.

    The commencement of the 2025 three well drilling campaign, which is the largest drilling campaign in the Beetaloo to date, will hopefully provide further evidence of the real commercial potential of the Beetaloo.

    We look forward to updating the market as soon as these drilling results become available.”

    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

     

    This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

    For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

    About Beetaloo Joint Venture (EP 76, 98 and 117)   

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 22.5%
    Tamboran (B2) Pty Limited (“Tamboran”) 77.5%
    Total 100.0%

    Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 5.0%
    Tamboran (B2) Pty Limited 95.0%
    Total 100.0%

    1Subject to the completion of SS–4H wells on the Shenandoah South pad 2.

    About Tamboran (B2) Pty Limited
    Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

    Tamboran Resources Corporation is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Sub-basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

    Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

     

    Appendix A – SS-2H ST1 Flow Test Details

    Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results.

    Advisory regarding forward-looking statements

    Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “anticipated”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes.  In particular, forward-looking information in this press release includes, details on the IP60 flow test results of SS-2H ST1 including assumptions that the results are in line with average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period and that they demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin in the Australian Domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States; consistency of the results of SS-2H ST1 with SS-1H; belief the average 30-day initial production of a normalised flow rate of 3 MMcf/d per 1,000 metres is a commercial threshold and coupled with the IP60 flow rate points towards the significant resource potential of the Beetaloo; and details on the 2025 three well drilling campaign which has commenced.

    This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and/or their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

    Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

    Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

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

    Attachment

    The MIL Network –

  • MIL-Evening Report: Author condemns ‘callous’ health legacy of French, US nuclear bomb tests in Pacific

    Asia Pacific Report

    A journalist who was on the Rainbow Warrior voyage to Rongelap last night condemned France for its “callous” attack of an environmental ship, saying “we haven’t forgotten, or forgiven this outrage”.

    David Robie, the author of Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior, said at the launch that the consequences of almost 300 US and French nuclear tests – many of them “dirty bombs” — were still impacting on indigenous Pacific peoples 40 years after the bombing of the ship.

    French saboteurs had killed “our shipmate Fernando Pereira” on 10 July 1985 in what the New Zealand prime minister at the time, David Lange, called a “sordid act of international state-backed terrorism”.

    Although relations with France had perhaps mellowed over time, four decades ago there was a lot of hostility towards the country, Dr Robie said.

    “And that act of mindless sabotage still rankles very deeply in our psyche,” he said at the launch in Auckland Central’s Ellen Melville Centre on the anniversary of July 10.

    About 100 people gathered in the centre’s Pioneer Women’s Hall for the book launch as Dr Robie reflected on the case of state terrorism after Greenpeace earlier in the day held a memorial ceremony on board Rainbow Warrior III.

    “One of the celebrated French newspapers, Le Monde, played a critical role in the investigation into the Rainbow Warrior affair — what I brand as ‘Blundergate’, in view of all the follies of the bumbling DGSE spy team,” he said.

    Plantu cartoon
    “And one of the cartoons in that newspaper, by Plantu, who is a sort of French equivalent to Michael Leunig, caught my eye.

    “You will notice it in the background slide show behind me. It shows François Mitterrand, the president of the French republic at the time, dressed in a frogman’s wetsuit lecturing to school children during a history lesson.

    “President Mitterrand says, in French, ‘At that time, only presidents had the right to carry out terrorism!’

    Tahitian advocate Ena Manurevia . . . the background Plantu cartoon is the one mentioned by the author. Image: Asia Pacific Report

    He noticed that in the Mitterrand cartoon there was a “classmate” sitting in the back of the room with a moustache. This was none other than Edwy Plenel, the police reporter for Le Monde at the time, who scooped the world with hard evidence of Mitterrand and the French government’s role at the highest level in the Rainbow Warrior sabotage.

    Dr Robie said that Plenel now published the investigative website Mediapart, which had played a key role in 2015 revealing the identity of the bomber that night, “the man who had planted the limpet mines on the Rainbow Warrior — sinking a peace and environmental ship, and killing Fernando Pereira.”

    Jean-Luc Kister, a retired French colonel and DGSE secret agent, had confessed to his role and “apologised”, claiming the sabotage operation was “disproportionate and a mistake”.

    “Was he sincere? Was it a genuine attempt to come to terms with his conscience. Who knows?” Dr Robie said, adding that he was unconvinced.

    Hilari Anderson (right on stage), one of the speakers, with Del Abcede and MC Antony Phillips (obscured) . . . the background image shows Helen Clark meeting Fernando Pereira’s daughter Marelle in 2005. Image: Greenpeace

    French perspective
    Dr Robie said he had asked Plenel for his reflections from a French perspective 40 years on. Plenel cited three main take ways.

    “First, the vital necessity of independent journalism. Independent of all powers, whether state, economic or ideological. Journalism that serves the public interest, the right to know, and factual truths.

    “Impactful journalism whose revelations restore confidence in democracy, in the possibility of improving it, and in the usefulness of counterbalancing powers, particularly journalism.”

    Secondly, this attack had been carried out by France in an “allied country”, New Zealand, against a civil society organisation. This demonstrated that “the thirst for power is a downfall that leads nations astray when they succumb to it.

    “Nuclear weapons epitomise this madness, this catastrophe of power.”

    Finally, Plenel expressed the “infinite sadness” for a French citizen that after his revelations in Le Monde — which led to the resignations of the defence minister and the head of the secret services — nothing else happened.

    “Nothing at all. No parliamentary inquiry, no questioning of François Mitterrand about his responsibility, no institutional reform of the absolute power of the president in a French republic that is, in reality, an elective monarchy.”

    ‘Elective monarchy’ trend
    Dr Robie compared the French outcome with the rapid trend in US today, “a president who thinks he is a monarch, a king – another elective monarchy.”

    He also bemoaned that “catastrophe of power” that “reigns everywhere today – from the horrendous Israeli genocide in Gaza to the Russian invasion of Ukraine, from Trump to Putin to Netanyahu, and so many others.”

    The continuous Gaza massacres were a shameful indictment of the West that had allowed it to happen for more than 21 months.

    Dr Robie thanked many collaborators for their help and support, including drama teacher Hilari Anderson, an original crew member of the Rainbow Warrior, and photographer John Miller, “who have been with me all the way on this waka journey”.

    He thanked his wife, Del, and family members for their unstinting “patience and support”, and also publisher Tony Murrow of Little Island Press.

    Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior . . . published 10 July 2025. Image: David Robie/Little Island Press

    Launching the book, Greenpeace Aotearoa programme director Niamh O’Flynn said one thing that had stood out for her was how the legacy of the Rainbow Warrior had continued despite the attempt by the French government to shut it down 40 years ago.

    “We said then that ‘you can’t sink a rainbow’, and we went on to prove it.

    “When the Rainbow Warrior was bombed in Auckland harbour, it was getting ready to set sail to Moruroa Atoll, to enter the test exclusion zone and confront French nuclear testing head-on.”

    So threatened
    The French government had felt so threatened by that action that it had engaged in a state-sanctioned terror attack to prevent the mission from going ahead.

    “But we rebuilt, and the Rainbow Warrior II carried on with that mission, travelling to Moruroa three times before the French finally stopped nuclear testing in the Pacific.

    “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her,” she said.

    “It was the final voyage of the Rainbow Warrior to Rongelap before the bombing that is the focus of David Robie’s book, and in many ways, it was an incredibly unique experience for Greenpeace — not just here in Aotearoa, but internationally.

    “And of course David was a key part in that.”

    O’Flynn said that as someone who had not even been born yet when the Rainbow Warrior was bombed, “I am so grateful that the generation of nuclear-free activists took the time to pass on their knowledge and to build our organisation into what it is today.

    “Just as David has by writing down his story and leaving us with such a rich legacy.”

    Greenpeace Aotearoa programme director Niamh O’Flynn . . . “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her.” Image: APR

    Other speakers
    Among other speakers at the book launch were teacher Hilari Anderson, publisher Tony Murrow of Little Island Press, Ena Manuireva, a Mangarevian scholar and cultural adviser, and MC Antony Phillips of Heritage New Zealand Pouhere Taonga.

    Anderson spoke of the Warrior’s early campaigns and acknowledged the crews of 1978 and 1985.

    “I have been reflecting what these first and last crews of the original Rainbow Warrior had in common, realising that both gave their collective, mostly youthful energy — to transformation.

    “This has involved the bonding of crews by working hands-on together. Touching surfaces, by hammer and paint, created a physical connection to this beloved boat.”

    She paid special tribute to two powerful women, Denise Bell, who tracked down the marine research vessel in Aberdeen that became the Rainbow Warrior, and the indomitable Susi Newborn, who “contributed to naming the ship and mustering a crew”.

    Manuireva spoke about his nuclear colonial experience and that of his family as natives of Mangareva atoll, about 400 km from Muroroa atoll, where France conducted most of its 30 years of tests ending in 1995.

    He also spoke of Tahitian leader Oscar Temaru’s pioneering role in the Nuclear-Free and Independent Pacific (NFIP) movement, and played haunting Tahitian songs on his guitar.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Author condemns ‘callous’ health legacy of French, US nuclear bomb tests in Pacific

    Asia Pacific Report

    A journalist who was on the Rainbow Warrior voyage to Rongelap last night condemned France for its “callous” attack of an environmental ship, saying “we haven’t forgotten, or forgiven this outrage”.

    David Robie, the author of Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior, said at the launch that the consequences of almost 300 US and French nuclear tests – many of them “dirty bombs” — were still impacting on indigenous Pacific peoples 40 years after the bombing of the ship.

    French saboteurs had killed “our shipmate Fernando Pereira” on 10 July 1985 in what the New Zealand prime minister at the time, David Lange, called a “sordid act of international state-backed terrorism”.

    Although relations with France had perhaps mellowed over time, four decades ago there was a lot of hostility towards the country, Dr Robie said.

    “And that act of mindless sabotage still rankles very deeply in our psyche,” he said at the launch in Auckland Central’s Ellen Melville Centre on the anniversary of July 10.

    About 100 people gathered in the centre’s Pioneer Women’s Hall for the book launch as Dr Robie reflected on the case of state terrorism after Greenpeace earlier in the day held a memorial ceremony on board Rainbow Warrior III.

    “One of the celebrated French newspapers, Le Monde, played a critical role in the investigation into the Rainbow Warrior affair — what I brand as ‘Blundergate’, in view of all the follies of the bumbling DGSE spy team,” he said.

    Plantu cartoon
    “And one of the cartoons in that newspaper, by Plantu, who is a sort of French equivalent to Michael Leunig, caught my eye.

    “You will notice it in the background slide show behind me. It shows François Mitterrand, the president of the French republic at the time, dressed in a frogman’s wetsuit lecturing to school children during a history lesson.

    “President Mitterrand says, in French, ‘At that time, only presidents had the right to carry out terrorism!’

    Tahitian advocate Ena Manurevia . . . the background Plantu cartoon is the one mentioned by the author. Image: Asia Pacific Report

    He noticed that in the Mitterrand cartoon there was a “classmate” sitting in the back of the room with a moustache. This was none other than Edwy Plenel, the police reporter for Le Monde at the time, who scooped the world with hard evidence of Mitterrand and the French government’s role at the highest level in the Rainbow Warrior sabotage.

    Dr Robie said that Plenel now published the investigative website Mediapart, which had played a key role in 2015 revealing the identity of the bomber that night, “the man who had planted the limpet mines on the Rainbow Warrior — sinking a peace and environmental ship, and killing Fernando Pereira.”

    Jean-Luc Kister, a retired French colonel and DGSE secret agent, had confessed to his role and “apologised”, claiming the sabotage operation was “disproportionate and a mistake”.

    “Was he sincere? Was it a genuine attempt to come to terms with his conscience. Who knows?” Dr Robie said, adding that he was unconvinced.

    Hilari Anderson (right on stage), one of the speakers, with Del Abcede and MC Antony Phillips (obscured) . . . the background image shows Helen Clark meeting Fernando Pereira’s daughter Marelle in 2005. Image: Greenpeace

    French perspective
    Dr Robie said he had asked Plenel for his reflections from a French perspective 40 years on. Plenel cited three main take ways.

    “First, the vital necessity of independent journalism. Independent of all powers, whether state, economic or ideological. Journalism that serves the public interest, the right to know, and factual truths.

    “Impactful journalism whose revelations restore confidence in democracy, in the possibility of improving it, and in the usefulness of counterbalancing powers, particularly journalism.”

    Secondly, this attack had been carried out by France in an “allied country”, New Zealand, against a civil society organisation. This demonstrated that “the thirst for power is a downfall that leads nations astray when they succumb to it.

    “Nuclear weapons epitomise this madness, this catastrophe of power.”

    Finally, Plenel expressed the “infinite sadness” for a French citizen that after his revelations in Le Monde — which led to the resignations of the defence minister and the head of the secret services — nothing else happened.

    “Nothing at all. No parliamentary inquiry, no questioning of François Mitterrand about his responsibility, no institutional reform of the absolute power of the president in a French republic that is, in reality, an elective monarchy.”

    ‘Elective monarchy’ trend
    Dr Robie compared the French outcome with the rapid trend in US today, “a president who thinks he is a monarch, a king – another elective monarchy.”

    He also bemoaned that “catastrophe of power” that “reigns everywhere today – from the horrendous Israeli genocide in Gaza to the Russian invasion of Ukraine, from Trump to Putin to Netanyahu, and so many others.”

    The continuous Gaza massacres were a shameful indictment of the West that had allowed it to happen for more than 21 months.

    Dr Robie thanked many collaborators for their help and support, including drama teacher Hilari Anderson, an original crew member of the Rainbow Warrior, and photographer John Miller, “who have been with me all the way on this waka journey”.

    He thanked his wife, Del, and family members for their unstinting “patience and support”, and also publisher Tony Murrow of Little Island Press.

    Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior . . . published 10 July 2025. Image: David Robie/Little Island Press

    Launching the book, Greenpeace Aotearoa programme director Niamh O’Flynn said one thing that had stood out for her was how the legacy of the Rainbow Warrior had continued despite the attempt by the French government to shut it down 40 years ago.

    “We said then that ‘you can’t sink a rainbow’, and we went on to prove it.

    “When the Rainbow Warrior was bombed in Auckland harbour, it was getting ready to set sail to Moruroa Atoll, to enter the test exclusion zone and confront French nuclear testing head-on.”

    So threatened
    The French government had felt so threatened by that action that it had engaged in a state-sanctioned terror attack to prevent the mission from going ahead.

    “But we rebuilt, and the Rainbow Warrior II carried on with that mission, travelling to Moruroa three times before the French finally stopped nuclear testing in the Pacific.

    “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her,” she said.

    “It was the final voyage of the Rainbow Warrior to Rongelap before the bombing that is the focus of David Robie’s book, and in many ways, it was an incredibly unique experience for Greenpeace — not just here in Aotearoa, but internationally.

    “And of course David was a key part in that.”

    O’Flynn said that as someone who had not even been born yet when the Rainbow Warrior was bombed, “I am so grateful that the generation of nuclear-free activists took the time to pass on their knowledge and to build our organisation into what it is today.

    “Just as David has by writing down his story and leaving us with such a rich legacy.”

    Greenpeace Aotearoa programme director Niamh O’Flynn . . . “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her.” Image: APR

    Other speakers
    Among other speakers at the book launch were teacher Hilari Anderson, publisher Tony Murrow of Little Island Press, Ena Manuireva, a Mangarevian scholar and cultural adviser, and MC Antony Phillips of Heritage New Zealand Pouhere Taonga.

    Anderson spoke of the Warrior’s early campaigns and acknowledged the crews of 1978 and 1985.

    “I have been reflecting what these first and last crews of the original Rainbow Warrior had in common, realising that both gave their collective, mostly youthful energy — to transformation.

    “This has involved the bonding of crews by working hands-on together. Touching surfaces, by hammer and paint, created a physical connection to this beloved boat.”

    She paid special tribute to two powerful women, Denise Bell, who tracked down the marine research vessel in Aberdeen that became the Rainbow Warrior, and the indomitable Susi Newborn, who “contributed to naming the ship and mustering a crew”.

    Manuireva spoke about his nuclear colonial experience and that of his family as natives of Mangareva atoll, about 400 km from Muroroa atoll, where France conducted most of its 30 years of tests ending in 1995.

    He also spoke of Tahitian leader Oscar Temaru’s pioneering role in the Nuclear-Free and Independent Pacific (NFIP) movement, and played haunting Tahitian songs on his guitar.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training

    Source: The Conversation (Au and NZ) – By Aaron J. Snoswell, Senior Research Fellow in AI Accountability, Queensland University of Technology

    Anne Fehres and Luke Conroy & AI4Media, CC BY

    Grok, the artificial intelligence (AI) chatbot embedded in X (formerly Twitter) and built by Elon Musk’s company xAI, is back in the headlines after calling itself “MechaHitler” and producing pro-Nazi remarks.

    The developers have apologised for the “inappropriate posts” and “taken action to ban hate speech” from Grok’s posts on X. Debates about AI bias have been revived too.

    But the latest Grok controversy is revealing not for the extremist outputs, but for how it exposes a fundamental dishonesty in AI development. Musk claims to be building a “truth-seeking” AI free from bias, yet the technical implementation reveals systemic ideological programming.

    This amounts to an accidental case study in how AI systems embed their creators’ values, with Musk’s unfiltered public presence making visible what other companies typically obscure.

    What is Grok?

    Grok is an AI chatbot with “a twist of humor and a dash of rebellion” developed by xAI, which also owns the X social media platform.

    The first version of Grok launched in 2023. Independent evaluations suggest the latest model, Grok 4, outpaces competitors on “intelligence” tests. The chatbot is available standalone and on X.

    xAI states “AI’s knowledge should be all-encompassing and as far-reaching as possible”. Musk has previously positioned Grok as a truth-telling alternative to chatbots accused of being “woke” by right-wing commentators.

    But beyond the latest Nazism scandal, Grok has made headlines for generating threats of sexual violence, bringing up “white genocide” in South Africa, and making insulting statements about politicians. The latter led to its ban in Turkey.

    So how do developers imbue an AI with such values and shape chatbot behaviour? Today’s chatbots are built using large language models (LLMs), which offer several levers developers can lean on.

    What makes an AI ‘behave’ this way?

    Pre-training

    First, developers curate the data used during pre-training – the first step in building a chatbot. This involves not just filtering unwanted content, but also emphasising desired material.

    GPT-3 was shown Wikipedia up to six times more than other datasets as OpenAI considered it higher quality. Grok is trained on various sources, including posts from X, which might explain why Grok has been reported to check Elon Musk’s opinion on controversial topics.

    Musk has shared that xAI curates Grok’s training data, for example to improve legal knowledge and to remove LLM-generated content for quality control. He also appealed to the X community for difficult “galaxy brain” problems and facts that are “politically incorrect, but nonetheless factually true”.

    We don’t know if these data were used, or what quality-control measures were applied.

    Fine-tuning

    The second step, fine-tuning, adjusts LLM behaviour using feedback. Developers create detailed manuals outlining their preferred ethical stances, which either human reviewers or AI systems then use as a rubric to evaluate and improve the chatbot’s responses, effectively coding these values into the machine.

    A Business Insider investigation revealed xAI’s instructions to human
    “AI tutors” instructed them to look for “woke ideology” and “cancel culture”. While the onboarding documents said Grok shouldn’t “impose an opinion that confirms or denies a user’s bias”, they also stated it should avoid responses that claim both sides of a debate have merit when they do not.

    System prompts

    The system prompt – instructions provided before every conversation – guides behaviour once the model is deployed.

    To its credit, xAI publishes Grok’s system prompts. Its instructions to “assume subjective viewpoints sourced from the media are biased” and “not shy away from making claims which are politically incorrect, as long as they are well substantiated” were likely key factors in the latest controversy.

    These prompts are being updated daily at the time of writing, and their evolution is a fascinating case study in itself.

    Guardrails

    Finally, developers can also add guardrails – filters that block certain requests or responses. OpenAI claims it doesn’t permit ChatGPT “to generate hateful, harassing, violent or adult content”. Meanwhile, the Chinese model DeepSeek censors discussion of Tianamen Square.

    Ad-hoc testing when writing this article suggests Grok is much less restrained in this regard than competitor products.

    The transparency paradox

    Grok’s Nazi controversy highlights a deeper ethical issue: would we prefer AI companies to be explicitly ideological and honest about it, or maintain the fiction of neutrality while secretly embedding their values?

    Every major AI system reflects its creator’s worldview – from Microsoft Copilot’s risk-averse corporate perspective to Anthropic Claude’s safety-focused ethos. The difference is transparency.

    Musk’s public statements make it easy to trace Grok’s behaviours back to Musk’s stated beliefs about “woke ideology” and media bias. Meanwhile, when other platforms misfire spectacularly, we’re left guessing whether this reflects leadership views, corporate risk aversion, regulatory pressure, or accident.

    This feels familiar. Grok resembles Microsoft’s 2016 hate-speech-spouting Tay chatbot, also trained on Twitter data and set loose on Twitter before being shut down.

    But there’s a crucial difference. Tay’s racism emerged from user manipulation and poor safeguards – an unintended consequence. Grok’s behaviour appears to stem at least partially from its design.

    The real lesson from Grok is about honesty in AI development. As these systems become more powerful and widespread (Grok support in Tesla vehicles was just announced), the question isn’t whether AI will reflect human values. It’s whether companies will be transparent about whose values they’re encoding and why.

    Musk’s approach is simultaneously more honest (we can see his influence) and more deceptive (claiming objectivity while programming subjectivity) than his competitors.

    In an industry built on the myth of neutral algorithms, Grok reveals what’s been true all along: there’s no such thing as unbiased AI – only AI whose biases we can see with varying degrees of clarity.

    Aaron J. Snoswell previously received research funding from OpenAI in 2024–2025 to develop new evaluation frameworks for measuring moral competence in AI agents.

    – ref. How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training – https://theconversation.com/how-do-you-stop-an-ai-model-turning-nazi-what-the-grok-drama-reveals-about-ai-training-261001

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training

    Source: The Conversation (Au and NZ) – By Aaron J. Snoswell, Senior Research Fellow in AI Accountability, Queensland University of Technology

    Anne Fehres and Luke Conroy & AI4Media, CC BY

    Grok, the artificial intelligence (AI) chatbot embedded in X (formerly Twitter) and built by Elon Musk’s company xAI, is back in the headlines after calling itself “MechaHitler” and producing pro-Nazi remarks.

    The developers have apologised for the “inappropriate posts” and “taken action to ban hate speech” from Grok’s posts on X. Debates about AI bias have been revived too.

    But the latest Grok controversy is revealing not for the extremist outputs, but for how it exposes a fundamental dishonesty in AI development. Musk claims to be building a “truth-seeking” AI free from bias, yet the technical implementation reveals systemic ideological programming.

    This amounts to an accidental case study in how AI systems embed their creators’ values, with Musk’s unfiltered public presence making visible what other companies typically obscure.

    What is Grok?

    Grok is an AI chatbot with “a twist of humor and a dash of rebellion” developed by xAI, which also owns the X social media platform.

    The first version of Grok launched in 2023. Independent evaluations suggest the latest model, Grok 4, outpaces competitors on “intelligence” tests. The chatbot is available standalone and on X.

    xAI states “AI’s knowledge should be all-encompassing and as far-reaching as possible”. Musk has previously positioned Grok as a truth-telling alternative to chatbots accused of being “woke” by right-wing commentators.

    But beyond the latest Nazism scandal, Grok has made headlines for generating threats of sexual violence, bringing up “white genocide” in South Africa, and making insulting statements about politicians. The latter led to its ban in Turkey.

    So how do developers imbue an AI with such values and shape chatbot behaviour? Today’s chatbots are built using large language models (LLMs), which offer several levers developers can lean on.

    What makes an AI ‘behave’ this way?

    Pre-training

    First, developers curate the data used during pre-training – the first step in building a chatbot. This involves not just filtering unwanted content, but also emphasising desired material.

    GPT-3 was shown Wikipedia up to six times more than other datasets as OpenAI considered it higher quality. Grok is trained on various sources, including posts from X, which might explain why Grok has been reported to check Elon Musk’s opinion on controversial topics.

    Musk has shared that xAI curates Grok’s training data, for example to improve legal knowledge and to remove LLM-generated content for quality control. He also appealed to the X community for difficult “galaxy brain” problems and facts that are “politically incorrect, but nonetheless factually true”.

    We don’t know if these data were used, or what quality-control measures were applied.

    Fine-tuning

    The second step, fine-tuning, adjusts LLM behaviour using feedback. Developers create detailed manuals outlining their preferred ethical stances, which either human reviewers or AI systems then use as a rubric to evaluate and improve the chatbot’s responses, effectively coding these values into the machine.

    A Business Insider investigation revealed xAI’s instructions to human
    “AI tutors” instructed them to look for “woke ideology” and “cancel culture”. While the onboarding documents said Grok shouldn’t “impose an opinion that confirms or denies a user’s bias”, they also stated it should avoid responses that claim both sides of a debate have merit when they do not.

    System prompts

    The system prompt – instructions provided before every conversation – guides behaviour once the model is deployed.

    To its credit, xAI publishes Grok’s system prompts. Its instructions to “assume subjective viewpoints sourced from the media are biased” and “not shy away from making claims which are politically incorrect, as long as they are well substantiated” were likely key factors in the latest controversy.

    These prompts are being updated daily at the time of writing, and their evolution is a fascinating case study in itself.

    Guardrails

    Finally, developers can also add guardrails – filters that block certain requests or responses. OpenAI claims it doesn’t permit ChatGPT “to generate hateful, harassing, violent or adult content”. Meanwhile, the Chinese model DeepSeek censors discussion of Tianamen Square.

    Ad-hoc testing when writing this article suggests Grok is much less restrained in this regard than competitor products.

    The transparency paradox

    Grok’s Nazi controversy highlights a deeper ethical issue: would we prefer AI companies to be explicitly ideological and honest about it, or maintain the fiction of neutrality while secretly embedding their values?

    Every major AI system reflects its creator’s worldview – from Microsoft Copilot’s risk-averse corporate perspective to Anthropic Claude’s safety-focused ethos. The difference is transparency.

    Musk’s public statements make it easy to trace Grok’s behaviours back to Musk’s stated beliefs about “woke ideology” and media bias. Meanwhile, when other platforms misfire spectacularly, we’re left guessing whether this reflects leadership views, corporate risk aversion, regulatory pressure, or accident.

    This feels familiar. Grok resembles Microsoft’s 2016 hate-speech-spouting Tay chatbot, also trained on Twitter data and set loose on Twitter before being shut down.

    But there’s a crucial difference. Tay’s racism emerged from user manipulation and poor safeguards – an unintended consequence. Grok’s behaviour appears to stem at least partially from its design.

    The real lesson from Grok is about honesty in AI development. As these systems become more powerful and widespread (Grok support in Tesla vehicles was just announced), the question isn’t whether AI will reflect human values. It’s whether companies will be transparent about whose values they’re encoding and why.

    Musk’s approach is simultaneously more honest (we can see his influence) and more deceptive (claiming objectivity while programming subjectivity) than his competitors.

    In an industry built on the myth of neutral algorithms, Grok reveals what’s been true all along: there’s no such thing as unbiased AI – only AI whose biases we can see with varying degrees of clarity.

    Aaron J. Snoswell previously received research funding from OpenAI in 2024–2025 to develop new evaluation frameworks for measuring moral competence in AI agents.

    – ref. How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training – https://theconversation.com/how-do-you-stop-an-ai-model-turning-nazi-what-the-grok-drama-reveals-about-ai-training-261001

    MIL OSI Analysis – EveningReport.nz –