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Category: Economy

  • MIL-OSI: Bitget Launchpool to List Eclipse (E) with over 1.5M in Token Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 16, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has announced the listing of Eclipse (ES) in the Innovation Zone, for spot trading. Besides being available for spot trading, Bitget will launch an exclusive Launchpool rewards campaign with up to 1,511,494 ES up for grabs.

    Spot trading for Eclipse (ES) under the ES/USDT trading pair will begin on 16 July 2025, 10:00 (UTC) with withdrawals will be available starting 17 July 2025, 11:00 (UTC).

    To celebrate the listing, Bitget will launch a Launchpool campaign offering 1,295,600 ES in total rewards. Eligible users can participate by locking either BGB or ES tokens during the event, which runs from 17 July 2025, 10:00 to 21 July 2025, 10:00 (UTC). In the BGB pool, users can lock between 5 and 50,000 BGB, with maximum limits determined by their VIP tier, for a chance to earn a share of 1,261,000 ES. In the ES pool, participants can lock between 8 and 800,000 ES to receive a portion of 34,600 ES in rewards.

    Additionally, Bitget will launch a CandyBomb campaign with 166,000 ES available through a trading-based airdrop. Of the total, 99,600 ES will be allocated to the ES trading pool, while 66,400 ES will be available in the combined BTC, SOL, and ES trading pool.

    Bitget will also run an X Giveaway, where 750 qualified users will have the chance to win a share of 24,947 ES. The campaign runs from 16 July 2025, 10:00 to 23 July 2025, 10:00 (UTC). To participate, users must follow Bitget and Eclipse on X, quote the giveaway post with the hashtag #ESlistBitget, tag a friend, sign up, deposit or trade ES on Bitget, and complete the form linked in the post.

    In addition, a community campaign will run during the same period, offering another 24,947 ES to be shared among 750 qualified users. To join, users need to become members of both the Bitget Discord and BGB Holders Group, sign up, make a net deposit of over 100 USDT, and complete any ES/USDT spot trade.

    Eclipse is a modular L2 network built to deliver fast, low-cost, and scalable blockchain performance by integrating the strengths of multiple ecosystems. It leverages Ethereum for settlement, the Solana Virtual Machine (SVM) for speed, Celestia for data availability, and RISC Zero for zero-knowledge proofs. Positioning it to address the blockchain trilemma of scalability, security, and decentralization. With its developer-friendly design, Eclipse is optimized for high-performance use cases, from high-frequency DeFi transactions to complex decentralized applications, offering a seamless experience without compromising on speed or efficiency.

    Bitget continues to solidify its role as a top-tier cryptocurrency exchange, offering over 800 listed tokens across spot and derivatives markets. The addition of Eclipse to Launchpool aligns with Bitget’s ongoing effort to support innovative projects whose value continues to evolve the ecosystem.

    Find more details on Eclipse, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2be7c95b-4d40-4d41-be8b-b35d7e57d9aa

    The MIL Network –

  • MIL-OSI Russia: Sergei Sobyanin: Moscow is the largest center for the development of creative industries

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Moscow is the largest center for the development of creative industries in the country. Cinema, music, video games, publishing, design, theater and advertising not only make the lives of city residents brighter, but have also established themselves as the most important sector of the capital’s economy. Its share in the total volume of gross regional product in 2023 reached 10.1 percent, which is 3.3 trillion rubles. Sergei Sobyanin spoke about the development of creative industries in his blog.

    “Over the past five years, the number of organizations and individual entrepreneurs in this area has grown by 11.7 percent and has already exceeded 113 thousand. Accordingly, more and more Muscovites find themselves in creative professions. The revenue of companies is also growing steadily: last year, the creative industries sector earned 103.8 percent more than in 2019 — 6.7 trillion rubles,” the Moscow Mayor wrote.

    Movie

    Despite sanctions and other challenges of recent years, the capital’s film industry is on the rise. More than 80 percent of Russian films and TV series are shot in Moscow.

    Last year, about 120 projects were filmed on the sites of the Moscow film cluster, which is 2.5 times more than in 2023. Among them are the leaders of the distribution and film platforms of 2024-2025: “Not on the Lists”, “Kholop-2”, “The Master and Margarita”, “Led-3”, “Baba Yaga Saves the New Year”, “The Last Knight. Legacy”, “One Hundred Years Ago”, “The Flying Ship”, “The Word of a Boy. Blood on the Asphalt” and others.

    The Moscow Film Cluster, created on the initiative of the Moscow Government, currently unites several sites. Among them is the legendary Gorky Film Studio, where large-scale work on modernizing the historical territory on Sergei Eisenstein Street and the site in Valdaisky Proyezd will be completed by the end of the year. The modern full-cycle film factory Moskino on Ryazansky Prospekt has also become part of the film cluster. In addition, a super-modern complex has been created – the Moskino film park in TiNAO. Its construction is ongoing, now there are 24 natural sites in the film park, and by 2030 there will be 70. Any ideas of film crews can be realized here.

    In addition, the cluster includes a film platform. “Moschino”— a convenient service for professionals, where in a couple of clicks you can rent a location for filming not only at a film studio, but also in the city, as well as learn about grants, rent costumes, props and much more. Over the past year, the platform has been used 1.7 million times.

    In the new season of the project “Summer in Moscow” Anyone can get to know the films, the process of their creation, and learn more about the history of cinema. Guests are invited to the Moskino Cinema Park, the Gorky Film Studio, and many themed areas on the capital’s boulevards.

    The Moskino cinema park organizes exciting events for city residents and guests of the capital as part of the Cinema Weekend project. These are dozens of master classes, staged filming based on favorite Soviet and Russian films, creative evenings and lectures by film industry professionals, performances by musicians, plays and film screenings in the cinema of the same name.

    During tours of the oldest Gorky Film Studio, you can see authentic 20th century film cameras, more than 100 rare photographs from film sets, stills from your favorite films, unique costumes and props.

    IT and video games

    There are over 33,000 organizations involved in the capital’s IT and video game industry. Their total annual revenue last year exceeded 3.9 trillion rubles.

    “The industry is developing rapidly. And as usually happens, in such periods the main problem is a huge shortage of personnel. In one of the previous posts I already said that Moscow colleges offer new

    specialties, including a developer of computer games, augmented and virtual reality. At the same time, we provide support to professionals. The Agency for Creative Industries implemented 125 projects in 2024, including the accelerator for indie developers “Video Game Factory,” said Sergei Sobyanin.

    “Video Game Factory” provides full support for developers – from the idea to finding investors. The accelerator holds educational lectures and webinars, Q&A sessions, and works with curators. Currently, 60 pilot versions of games in different genres have been created. Among them are a detective story based on the works of Mikhail Bulgakov, an adventure quest based on the fairy tales of Alexander Pushkin, and a puzzle in the interiors of a spaceship.

    Moscow game developers have long needed their own space, so in 2025, the first video game and animation cluster in Russia will open in the Skolkovo Innovation Center. Its residents will be leading Russian development companies and animation studios. Uniting under one roof, they will be able to create video games of any type and complexity. The cluster will unite all stages of content production and promotion – from training specialists to support in promotion in foreign markets.

    Residents will have access to offices, meeting rooms, server rooms, a motion capture studio, a space for sound recording, a lecture hall, a conference hall, an exhibition area and much more.

    Publishing

    There are about 12 thousand organizations engaged in publishing activities in Moscow – this is 10.6 percent of all companies in the creative industries. Total revenue last year amounted to about 349.1 billion rubles.

    This industry also does not remain without city support. The Agency for Creative Industries is implementing the project “Publishing Seasons”: at the largest International Fair of Intellectual Literature Non/fiction, Moscow publishers and illustrators can present their products free of charge.

    Last year, the Moscow International Publishing Week was held for the first time in the capital. Over the course of four days, more than 45 publishers from 13 countries took part in it – Argentina, Brazil, China, Serbia and others. During this time, over 200 meetings of representatives of the book market took place, 34 export contracts were concluded for the publication of books with a total circulation of 55 thousand copies.

    Since 2023, under the auspices of the Moscow Agency for Creative Industries, a business mission of Moscow publishing houses to China has been carried out annually at the Shanghai International Children’s Book Fair.

    And now, as part of the project “Summer in Moscow” You can buy books in pavilions on Moscow boulevards.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ4: Measures to cope with economic downturn

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Paul Tse and a reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (July 16):

    Question:

         It has been reported that 300 enterprises in Hong Kong have ceased operation over the first half of this year. Quite a number of enterprises are facing cash flow difficulties, and some are even having their loan called in by the bank (an operation commonly known as “call loan”). Many members of the business sector are worried that, once unable to reverse the fiscal deficit, the Government will raise taxes significantly. Some academics have projected that the Government may need to raise the salaries tax rate to 26.5 per cent before fiscal balance can hopefully be achieved. Against a backdrop of uncertain economic prospects, instability in work income, and substantial increase in living and tax expenses, the public’s investment confidence and desire for consumption have been directly suppressed. In this connection, will the Government inform this Council:

    (1) whether it has examined if there are signs that the Government’s fiscal deficit has narrowed since the release of this year’s Budget and if there is room to reduce bond issuance volumes in the future;

    (2) in the light of the aforesaid worries of the business sector and members of the public about the economy and tax hikes, what policies or measures are put in place by the authorities to stabilise the confidence of various sectors; whether it can explicitly commit to not raising taxes; and

    (3) as it has been reported that a certain major property developer and a number of small and medium-sized developers in Hong Kong are facing operational crises, with some even defaulting on debts and being on the verge of closure, and foreign media have even described a certain major developer as “too big to fail”, so much so that in the event of a closure, it stands to pose a serious crisis to local banks, whether the Government has assessed the negative impact on the banking system, economic structure, unemployment rate, public confidence in investment, consumer sentiment and even government revenue in the event of successive closures of developers, and whether it has formulated counter-measures?

    Reply:

    President,

         Regarding the question raised by the Hon Paul Tse, I will first give a brief account of the latest developments of Hong Kong’s overall economic situation and the Government’s public finance strategies.

         The Hong Kong economy grew solidly. Real gross domestic product rose by 2.5 per cent in the full year of 2024 and the year-on-year increase in the first quarter of 2025 is 3.1 per cent, which is significantly higher than the 1.5 per cent average growth of G7 countries in the first quarter of 2025. As regards the stock market, the Hang Seng Index surged by a cumulative 20 per cent in the first half of the year. Our stock market trading as well as initial public offering was active. The average daily turnover for the first half of the year was around $240.2 billion, an increase of 118 per cent when compared with the same period last year. More than $107 billion was raised in the first half of the year, approximately 22 per cent more than the full-year total for last year and ranking first globally in the year-to-date. Nevertheless, certain sectors, such as traditional retail and catering, are still facing greater challenges due to changing consumption patterns of visitors and residents.

         On public finances, the 2025-26 Budget outlined a reinforced fiscal consolidation programme, focusing primarily on expenditure control, supplemented by revenue generation, to gradually restore balance to government accounts. According to the Medium Range Forecast (MRF), the Government’s Operating Account will largely achieve balance in 2025-26 and return to a surplus starting from 2026-27. The Capital Account is estimated to record a deficit in the MRF period due to the accelerated development of the Northern Metropolis and other capital works projects relating to the economy and people’s livelihood. Nevertheless, the level of deficit will decline year-on-year from 2026-27 onwards. After taking account of net proceeds from the issuance of bonds, the Consolidated Accounts will return to a surplus starting from 2028-29.

         As the question raised by Hon Paul Tse covers a wide range of issues, we have prepared a reply in consultation with the relevant bureaux and the Hong Kong Monetary Authority (HKMA) as follows:

    (1) Fiscal deficit and size of bond issuance

         A consolidated deficit of $67 billion is expected for this financial year. Due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year, it is premature at this juncture to project our full-year financial results. Nevertherless, the increase in trading volume of the stock market in the first half of the year has led to an increase in stamp duty revenue, rendering support to our public finances. Regarding the size of bond issuance, we have planned to issue a total of about $150 billion to $195 billion worth of bonds per annum under the Government Sustainable Bond Programme and the Infrastructure Bond Programme in the next five years. The size of bond issuance for the current financial year is estimated to be $150 billion. We have no intention to change this target at the present stage.

    (2) Economic and tax policy

         The Government has all along been adopting a multi-pronged approach to assist enterprises in meeting the challenges of economic restructuring, with a view to reinforcing their confidence in pursuing business development. As regards cash flow pressure, the Government helps small and medium enterprises (SMEs) obtain commercial loans by providing loan guarantees through the SME Financing Guarantee Scheme. Moreover, in the light of market and technological development trends, the Government supports enterprises (particularly SMEs) through Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), including its E-commerce Easy, the Export Marketing and Trade and Industrial Organisation Support Fund, etc, in upgrading and transformation, as well as tapping into the Mainland and overseas markets.

         It must be emphasised that the Government did not raise taxes substantially in the past few years, and has no plan to raise taxes substantially at present. The reinforced fiscal consolidation programme outlined in this year’s Budget also focuses primarily on expenditure control, to be supplemented by revenue generation. On identifying new revenue sources, our principles are to maintain the competitiveness of Hong Kong’s simple and low tax regime by avoiding considerable increase in tax rates or introduction of new taxes, and to uphold the “user pays” and “affordable users pay” principles as far as practicable whilst increasing revenue. The simple and low tax policy that Hong Kong has all alone been pursuing is one of Hong Kong’s core competitiveness. In the latest World Competitiveness Yearbook 2025 published by the International Institute for Management Development, Hong Kong’s competitiveness ranks third globally, in which Hong Kong tops the ranking in “tax policy”. Meanwhile, the Government continues to make strategic use of tax measures in different areas to promote the development of our industries and economic diversification, as well as to enhance Hong Kong’s business environment and competitiveness. As announced in this year’s Budget, we will provide half-rate tax concession for eligible commodity traders to drive the development of maritime services. It is also our plan to formulate proposals on the preferential tax regimes for funds, single family offices and carried interest this year to foster the development of the asset and wealth management industries.

    (3) Property related loans’ impact on banking system

         The HKMA has been closely monitoring the healthy development of Hong Kong’s banking sector. The Total Capital Ratio of locally-incorporated banks and the average Liquidity Coverage Ratio of the major banks were 24.2 per cent and 182.5 per cent respectively as at end-March this year, well above international standards. Overall, the credit risk associated with local property development and investment loans is manageable. A significant portion of the Hong Kong banks’ exposures relating to local property development and investment loans are to the large players with relatively good financial health. For exposures to small and medium-sized local property developers and investors, including some with weaker financials or higher gearing, banks have already taken credit risk mitigating measures early on, and most of these loans are secured. Besides, there is no concentration of risks at individual borrower level.

         The overall asset quality of the banking system is manageable and provisions remain sufficient. The provision coverage ratio (i.e. total of general and specific provisions as a percentage of non-performing loans) stand at around 60 per cent as at end-March this year. If taking into account and deducting the market value of collateral from the non-performing loans, the adjusted provision coverage ratio would be about 145 per cent. The HKMA will strive to maintain a sound banking system by continuing to keep a close watch on the global economic and trade conditions as well as the development of and risk changes in the real estate market, and maintaining close communication with the banking sector.

         Thank you, President.

    MIL OSI Asia Pacific News –

  • Thousands of Afghans secretly moved to Britain after data leak

    Source: Government of India

    Source: Government of India (4)

    Britain set up a secret scheme to bring thousands of Afghans to the UK after their personal details were disclosed in one of the country’s worst ever data breaches, putting them at risk of reprisals from the Taliban after their return to power.

    Concerns that individuals could be targeted by the Taliban led the previous Conservative government to set up the relocation scheme, involving thousands of people and estimated to cost the government about 2 billion pounds ($2.7 billion).

    The leak by the Ministry of Defence in early 2022, which led to data being published on Facebook the following year, and the secret relocation programme, were subject to a so-called super injunction preventing the media reporting what happened, which was lifted on Tuesday by a court.

    British defence minister John Healey apologised for the leak, which included details about members of parliament and senior military officers who supported applications to help Afghan soldiers who worked with the British military and their families relocate to the UK.

    “This serious data incident should never have happened,” Healey told lawmakers in the House of Commons. ”It may have occurred three years ago under the previous government, but to all whose data was compromised I offer a sincere apology.”

    The incident ranks among the worst security breaches in modern British history because of the cost and risk posed to the lives of thousands of Afghans, some of whom fought alongside British forces until their chaotic withdrawal in 2021.

    Healey said about 4,500 Afghans and their family members have been relocated or were on their way to Britain under the previously secret scheme.

    But he added that no-one else from Afghanistan would be offered asylum because of the data leak, citing a government review which found little evidence of intent from the Taliban to seek retribution against former officials.

    The review, a summary of which was also published on Tuesday, said more than 16,000 people affected by it had been relocated to the UK as of May this year, though some of those had been relocated to the UK under existing schemes.

    News of the leak comes as Britain’s public finances are tight and the right-wing, anti-immigration Reform UK political party leads in the opinion polls.

    SUPERINJUNCTION LIFTED

    The government is facing lawsuits from those affected by the breach, further adding to the ultimate cost of the incident.

    Sean Humber, a lawyer at Leigh Day who has acted for Afghan citizens affected by previous data breaches, said those affected were “likely to have strong claims for substantial compensation” for the anxiety and distress caused by the leak.

    British forces were first deployed to Afghanistan in 2001 following the September 11 attacks on the United States, and they played a major role in combat operations there until 2014.

    In early 2022, a spreadsheet containing details of Afghans who had worked for the British government prior to the Taliban takeover in 2021 and had applied for relocation to Britain was emailed to someone outside of government systems by mistake.

    The super injunction was first granted in 2023 after the Ministry of Defence, under the former Conservative government, argued that a public disclosure of the breach could put people at risk of extra-judicial killing or serious violence by the Taliban.

    Prime Minister Keir Starmer’s centre-left government, which was elected last July, launched a review into the injunction, the breach and the relocation scheme.

    (Reuters)

     

  • MIL-OSI United Nations: UNESCO report warns of extracting activities near World Heritage sites

    Source: UNESCO World Heritage Centre

    UNESCO, the Church of England Pensions Board, Greenbank, the International Union for Conservation of Nature, and the World Wildlife Fund call on investors to adhere to industry commitments and ensure World Heritage Site protection.

    UNESCO and its partners today released a report which shows the extent to which extractive industries are encroaching upon UNESCO World Heritage sites.

    The report, “Extractive Activities in UNESCO World Heritage Sites: Commitments, Risks and Investment Implications”, offers the most comprehensive analysis to date on the presence and proximity of areas licenced for oil, gas, and mineral exploration and production in and around some of the world’s most treasured cultural and natural heritage sites.

    Jointly released by UNESCO, the Church of England Pensions Board, Greenbank, the International Union for Conservation of Nature (IUCN), and the World Wildlife Fund (WWF), the report also emphasizes the critical role investors can play in assessing their risk exposure and influencing extractive companies’ practices. The data and analysis in the report help investors identify and manage the risks, aligning their investment decisions with global heritage protection commitments.

    In addition, the report outlines several ways investors can identify, assess, and respond to risks arising from operations within and near UNESCO World Heritage sites. These guidelines rely on UNESCO policy standards, focusing on how investors can integrate these standards into their own processes.

    “World Heritage sites support millions of livelihoods through tourism, agriculture, and other vital sectors. Oil, gas, and mining companies – and their investors – have a crucial role to play in safeguarding these irreplaceable places from harm.”

    Extractive activities in UNESCO World Heritage sites

    Commitments, risks and investments implications

    Dowload the full report

    English

    Protected, but not safe

    According to the report, companies currently hold oil, gas, and mining assets – licensed areas for exploration or production – in 97 of the 266 assessed natural UNESCO World Heritage sites, representing 36 per cent of sites. These include mining claims in 58 sites, oil and gas wells in 27, awarded oil and gas blocks in 25, oil and gas bid blocks in 14, and mining projects in 10. More than 800 individual assets overlapping with natural and mixed sites have been identified worldwide, impacting every region.

    Updating a similar spatial analysis conducted by WWF in 2015, the report finds that more than half of the sites previously identified as affected by extractive overlaps remain so today, indicating persistent and unresolved pressure.

    The risks extend beyond the boundaries of sites themselves. Nearly half (48 percent) of natural sites lie within one kilometre of extractive activity, and 73 per cent are within 20 kilometres, placing them at increased risk of pollution, habitat destruction, and cultural disruption.

    For the first time, the report also evaluates risks to cultural World Heritage sites and  reveals that 17 per cent of them – 158 out of 925 – are within 500 metres of extractive activity. Oil and gas activities are found near 124 cultural sites, while mining activities affect 45.

    “Natural World Heritage sites are among nature’s most precious gifts to humanity yet, despite their status, they are still coming under ongoing pressure from oil, gas and mining companies. As hotspots of biodiversity and culture, these sites can help support sustainable development and tackle climate change – we should not put them at risk.”

    Extractives in World Heritage sites is an investment risk

    The overlap between extractive activities and World Heritage sites presents a serious investment risk as companies operating in sensitive locations face growing scrutiny from regulators, shareholders, civil society and the public. This can lead to project delays, fines, reputational damage, and even operational shutdowns, all of which can impact profit margins and undermine long-term investment value.

    The report urges investors and extractive companies to avoid operating in or near these high-risk areas and to ensure that their activities comply with internationally recognized environmental and social standards, including UNESCO’s guidance supporting the World Heritage ‘no-go’ commitment.

    “Investors must act as responsible stewards of capital by ensuring the companies they finance do not put World Heritage sites at risk. This is not just a conservation issue – it’s a matter of long-term financial and reputational risk investors need to manage.”

    A critical opportunity and a shared responsibility

    Despite the risks, a window of opportunity remains. Most of the identified extractive assets are still in the forms of claims and concessions rather than active mines or oil and gas wells. This provides a crucial chance to take preventive action before operations begin and irreversible damage occurs.

    Strong national legal protections, comprehensive impact assessments, and greater transparency of extractive licensing processes are essential. Licences that overlap with or threaten areas of high conservation value should be responsibly phased out.

    “Extractive activities have long been recognized as fundamentally incompatible with World Heritage status. It is essential that governments, investors, and companies respect these sites as off-limits to oil, gas and mineral concessions and operations.”

    To prevent harm to World Heritage sites, investors must integrate spatial, financial and reputational risks into their investment policies and decision-making. A growing number of companies and organizations have already taken this step, following the example of the International Council on Mining and Metals (ICMM), which was the first to adopt a World Heritage ‘no-go’ commitment.

    “We believe investors have a responsibility to recognise where clear limits to economic activities must be drawn and to support companies that operate with care and responsibility. At its heart, this is about protecting what cannot be replaced.”

    UNESCO thanks the Government of Flanders (Kingdom of Belgium) for its support in strengthening corporate sector engagement in the protection of World Heritage. Learn more at: https://whc.unesco.org/en/no-go-commitment/

    About UNESCO and the World Heritage Convention

    The United Nations Educational, Scientific and Cultural Organization (UNESCO) is a specialized agency of the United Nations dedicated to strengthening our shared humanity through the promotion of education, science, culture, and communication. It seeks to encourage the identification, protection and preservation of cultural and natural heritage around the world considered to be of outstanding value to humanity. This is embodied in an international treaty called the Convention concerning the Protection of the World Cultural and Natural Heritage, adopted by UNESCO in 1972.

    About the Church of England Pensions Board

    The Church of England Pensions Board provides retirement services to those who serve or work for the Church, managing pension schemes for over 43,000 members across 700 Church organizations. Managing around £3.4 billion in funds, it invests responsibly and sustainably for the long term to meet pension commitments. Guided by the ethics of the Church of England, it actively engages with companies and sectors to drive positive change alongside other investors, focusing on issues important to its members and their future. Find out more on their investment policy here.

    About Greenbank

    Greenbank provides investment management services for private investors, trusts and charities, and has been helping to drive change in finance, business and society through ethical and sustainable investment for over 20 years. As the sustainable investment specialists within Rathbones Group, Greenbank strives to be the natural home for investors seeking to align their investments with their values, providing sustainable investment as a standard, not an add on.

    About IUCN

    IUCN is the global authority on the state of the natural world and the measures needed to safeguard it. IUCN brings together 1,500 government and civil society members, over 17,000 affiliated experts, while also helping businesses implement practices that conserve nature and benefit people. Since 1972, IUCN has served as the official Advisory Body on nature under the World Heritage Convention, leading the technical evaluation of new nominations, monitoring existing sites, and supporting conservation action through our global network and granting tools. Learn more about IUCN’s World Heritage work here.

    About WWF

    WWF is an independent conservation organization, with over 35 million followers and a global network active through local leadership in over 100 countries. Its mission is to stop the degradation of the planet’s natural environment and to build a future in which people live in harmony with nature, by conserving the world’s biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption. Find out more at wwf.panda.org.

    MIL OSI United Nations News –

  • MIL-OSI: Interim report for Q2

    Source: GlobeNewswire (MIL-OSI)

    Guidance for pre-tax profit lifted by DKK 100 million supported by a solid insurance service result and improvement in the underlying business in Q2

    • Guidance for the insurance service result is lifted by DKK 50 million to DKK 1.6-1.8 billion excluding H2 run-offs.
    • Guidance for the investment result is lifted by DKK 50 million to DKK 250 million.
    • The insurance service result was a profit of DKK 520 million in Q2 2025 (DKK 312 million), which is the highest result realised to date. The result was driven by highly satisfactory premium growth, an improved claims experience and favourable developments in the expense ratio.
    • Insurance revenue grew at a highly satisfactory rate of 8% to DKK 2,950 million (DKK 2,725 million), driven in particular by strong premium growth of 11% in Personal Lines.
    • The undiscounted underlying claims experience improved by 5.2 percentage points to 62.2, driven by growth in both Personal Lines and Commercial Lines and reflecting, among other things, the results of profitability-enhancing measures and synergy gains.
    • The combined ratio was 82.3 (88.5), driven by fewer major claims, an improved underlying claims experience and a lower expense ratio.
    • The expense ratio improved significantly to 16.7 (18.0), reflecting the group’s objective of lowering the cost level.
    • The implementation of synergy initiatives is progressing according to plan and generated a positive accounting effect of DKK 151 million in Q2 2025.
    • Highly satisfactory investment result of DKK 102 million (DKK 65 million), with shares and bonds contributing favourably to the result.

    CEO Rasmus Werner Nielsen on the Q2 financial results:
    “We recorded a satisfactory performance in the second quarter, assisting customers with building, contents and motor claims in particular, and providing insurance advice to more than a quarter of a million customers in a period characterised by uncertainty on several fronts.

    In the second quarter, we once again onboarded many new customers, which contributed to the strong growth we recorded in insurance revenue. At the same time, we are on track to realise our ambitious plan to create a more efficient organisation and thereby strengthen our competitiveness for the benefit of our customers. The Q2 financial results underline the Group’s resilience, supported by satisfactory Personal and Commercial Lines, both contributing to the favourable development.

    Although the second quarter was characterised by relatively mild weather conditions, we continue our efforts to advise and assist our customers with protection against severe weather conditions in the future. Most recently, with the support of Alm. Brand Foreningen 1792, we launched a new offer to assist customers previously affected by weather-related claims with climate-proofing their houses.”

    This interim report and related materials are available at Alm. Brand Group’s investor website: Q2 2025

    Webcast and conference call
     Alm. Brand will host a conference call for investors and analysts today, Wednesday 16 July 2025 at 11:00 a.m. The conference call and presentation will be available on Alm. Brand Group’s investor website:

    Conference call dial-in numbers for investors and analysts (PIN: 490681):

    Denmark: +45 89 87 50 45
    UK: +44 20 3936 2999
    USA: +1 646 664 1960

    Link to webcast: Alm. Brand Group Q2 2025

    Contact
     Please direct any questions regarding this announcement to:

    Investors and equity analysts:                          

    Head of Investor Relations & ESG                    
    Mads Thinggaard                                
    Mobile no. +45 2025 5469               

    Press:                                                                                               

    Head of Communications and Media Relations
    Mikkel Luplau Schmidt
    Mobile no. +45 2052 3883

    Attachments

    The MIL Network –

  • MIL-OSI: Richemont posts solid start to the year for its first quarter ended 30 June 2025

    Source: GlobeNewswire (MIL-OSI)

    AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

    16 JULY 2025

    RICHEMONT POSTS SOLID START TO THE YEAR FOR ITS FIRST QUARTER ENDED 30 JUNE 2025

      
    Highlights for the quarter ended 30 June 2025

    • Group sales at € 5.4 billion, up by 6% at constant exchange rates and by 3% at actual exchange rates in a volatile macroeconomic and geopolitical context
    • Continued strength at Jewellery Maisons, up by 11% at constant exchange rates; softer sequential rate of decline at Specialist Watchmakers, down by 7%; ‘Other’, including Fashion & Accessories Maisons, at -1%
    • Double-digit growth in Europe, the Americas and Middle East & Africa; stable sales in Asia Pacific at constant exchange rates; Japan down on high comparatives in prior-year period
    • Consistent growth across all distribution channels, led by Jewellery Maisons
    • Robust net cash position at € 7.4 billion, after cash transferred to YNAP upon closing of the sales transaction with LuxExperience 
    April-June   2025 2024 Movement at:
        €m €m constant rates actual rates
    By region Europe 1 295 1 171 +11% +11%
      Asia Pacific 1 731 1 809 – -4%
      Americas  1 335 1 215 +17% +10%
      Japan  527 603 -15% -13%
      Middle East & Africa  524 470 +17% +11%
               
    By distribution channel Retail 3 734 3 631 +6% +3%
      Online retail  323 315 +6% +3%
      Wholesale and royalty income  1 355 1 322 +6% +2%
               
    By business area Jewellery Maisons 3 914 3 656 +11% +7%
      Specialist Watchmakers 824 911 -7% -10%
      Other 674 701 -1% -4%
    Total   5 412 5 268 +6% +3%

    Review of trading in the three-month period ended 30 June 2025 versus the prior-year period, at constant exchange rates

    Any long form references to Hong Kong, Macau and Taiwan within this company announcement are Hong Kong SAR, China; Macau SAR, China; and Taiwan, China respectively.

    At constant exchange rates, Group sales in the quarter ended 30 June 2025 rose by 6% in a volatile global macroeconomic and geopolitical context.

    The growth was led by double digit increases in Europe, the Americas and Middle East & Africa, more than offsetting Japan’s sales decline against high prior-year comparatives; sales in the Asia Pacific region remained stable. In Europe, sales grew by 11%, driven by robust demand from local clients and overall positive tourist spend, supported by successful high jewellery events. Almost all main markets in the region saw an increase in sales this quarter, with notable performances in Italy and Germany. In the Americas, sales growth remained strong at +17%, driven by supportive local demand across all business areas and markets. Sales in the Middle East & Africa region rose by 17%, led by the United Arab Emirates market as well as higher tourist spend. In Japan, sales declined by 15% against a demanding +59% comparative in the prior-year period, with a strengthening Yen strongly reducing tourist spend, most notably from Chinese clientele, whilst local demand remained positive. Asia Pacific sales were stable overall versus the prior-year period, as a 7% decline in China, Hong Kong and Macau combined was fully compensated by robust growth in almost all other Asian markets. Of note, sales in Australia and South Korea were up double digits.

    Growth was consistent across all distribution channels, each up by 6%, led by Jewellery Maisons. Retail sales accounted for 69% of Group sales, with growth across all regions excluding Japan. Wholesale sales growth was driven by solid increases in the Americas, Europe and Middle East & Africa. Online retail sales showed robust growth across almost all regions.

    The Group’s four Jewellery Maisons – Buccellati, Cartier, Van Cleef & Arpels and Vhernier – recorded an 11% rise in sales, marking a third consecutive quarter of double-digit growth, supported by both jewellery and watch product lines. All regions posted growth, except Japan that faced a very high comparative in the prior-year period. Specialist Watchmakers sales were 7% lower than the prior-year period, largely reflecting declines in sales in China, Hong Kong and Macau combined as well as in Japan, partly offset by double-digit growth in the Americas. The Group’s Other business area, which includes Fashion & Accessories Maisons, declined by 1% compared to the prior-year period. Notable highlights included continued solid momentum at Peter Millar and Alaïa, an encouraging performance at Chloé and robust growth at Watchfinder & Co.

    The Group’s net cash position at 30 June 2025 stood at € 7.4 billion (2024: € 7.3 billion) after accounting for the € 426 million cash-out upon completion of the sale of YNAP to Mytheresa on 23 April 2025.

    Corporate calendar

    The annual general meeting will be held on Wednesday 10 September 2025 in Geneva. The interim results for the current financial year will be announced on Friday 14 November 2025. The Group’s corporate calendar is available on https://www.richemont.com/investors/corporate-calendar/.

    About Richemont
    At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont’s ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.

    Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier, Van Cleef & Arpels and Vhernier; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian as well as Watchfinder & Co. Find out more at https://www.richemont.com/ .

    Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (‘SMI’) of leading stocks. The ‘A’ shares are also traded on the Johannesburg Stock Exchange, Richemont’s secondary listing.


    Investor/analyst and media enquiries

    Alessandra Girolami, Group Investor Relations Director

    James Fraser, Investor Relations Executive

    Investors/analysts enquiries: +41 22 721 30 03; investor.relations@cfrinfo.net 

    Media enquiries: +41 22 721 35 07; pressoffice@cfrinfo.net; richemont@teneo.com 

    Disclaimer

    The financial information contained in this announcement is unaudited.

    This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Richemont’s forward-looking statements are based on management’s current expectations and assumptions regarding the Company’s business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. Our retail stores are heavily dependent on the ability and desire of consumers to travel and shop and a decline in consumers traffic could have a negative effect on our comparable store sales and/or average sales per square foot and store profitability resulting in impairment charges, which could have a material adverse effect on our business, results of operations and financial condition. Reduced travel resulting from economic conditions, retail store closure orders of civil authorities, travel restrictions, travel concerns and other circumstances, including disease epidemics and other health-related concerns, could have a material adverse effect on us, particularly if such events impact our customers’ desire to travel to our retail stores. International conflicts or wars, including resulting sanctions and restrictions on importation and exportation of finished products and/or raw materials, whether self-imposed or imposed by international countries, non-state entities or others, may also impact these forward-looking statements. If international tariffs are imposed or increased, materials and goods that Richemont imports may face higher prices, which could lead to reduced margins or increased prices that could cause decreased consumer demand. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside the Group’s control. Richemont does not undertake to update, nor does it have any obligation to provide updates of, or to revise, any forward-looking statements.

    © Richemont 2025

    This announcement does not contain full details and should not be used as a basis for any investment decision in relation to the Company’s shares. Please find the full announcement available in PDF below:

    Richemont FY26 – Q1 Sales PDF EN

    The MIL Network –

  • MIL-OSI: ASML reports €7.7 billion total net sales and €2.3 billion net income in Q2 2025

    Source: GlobeNewswire (MIL-OSI)

    ASML reports €7.7 billion total net sales and €2.3 billion net income in Q2 2025
    Full-year 2025 expected total net sales growth of around 15% with gross margin around 52%

    VELDHOVEN, the Netherlands, July 16, 2025 – Today, ASML Holding NV (ASML) has published its 2025 second-quarter results.

    • Q2 total net sales of €7.7 billion, gross margin of 53.7%, net income of €2.3 billion
    • Quarterly net bookings in Q2 of €5.5 billion2 of which €2.3 billion is EUV
    • ASML expects Q3 2025 total net sales between €7.4 billion and €7.9 billion, and a gross margin between 50% and 52%
    • ASML expects a full-year 2025 total net sales increase of around 15% relative to 2024, with a gross margin of around 52%
    (Figures in millions of euros unless otherwise indicated) Q1 2025   Q2 2025
    Total net sales 7,742   7,692
    …of which Installed Base Management sales1 2,001   2,096
    New lithography systems sold (units) 73   67
    Used lithography systems sold (units) 4   9
    Net bookings2 3,936   5,541
    Gross profit 4,180   4,130
    Gross margin (%) 54.0   53.7
    Net income 2,355   2,290
    EPS (basic; in euros) 6.00   5.90
    End-quarter cash and cash equivalents and short-term investments 9,104   7,248

    (1) Installed Base Management sales equals our net service and field option sales.
    (2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
    Numbers have been rounded for readers’ convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.


    CEO statement and outlook
    “Our second-quarter total net sales came in at €7.7 billion, at the top end of our guidance. The gross margin was 53.7%, above guidance, primarily driven by higher upgrade business and one-offs resulting in lower costs.

    “We see continued progress in litho intensity, particularly in DRAM, and the introduction of the TWINSCAN NXE:3800E reinforces that momentum. Meanwhile, EUV adoption is advancing as planned, including High NA. This quarter, we shipped the first TWINSCAN EXE:5200B system.

    “Looking at 2026, we see that our AI customers’ fundamentals remain strong. At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.

    “We expect third-quarter total net sales between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52%. We expect R&D costs of around €1.2 billion and SG&A costs of around €310 million. For the full year 2025, we expect a 15% increase in total net sales and a gross margin of around 52%,” said ASML President and Chief Executive Officer Christophe Fouquet.

    Update dividend and share buyback program
    An interim dividend of €1.60 per ordinary share will be made payable on August 6, 2025.

    In the second quarter, we purchased around €1.4 billion worth of shares under the current 2022–2025 share buyback program.

    Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML’s website (www.asml.com/investors).

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Willem van Ewijk +31 6 2744 1187 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771
    Sarah de Crescenzo +1 925 899 8985  

      
    Quarterly video interview and investor call
    With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2025 second quarter and outlook for 2025. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.

    An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on July 16, 2025 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

    US GAAP and IFRS Financial Reporting
    ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly US GAAP Consolidated Statements of Operations, Consolidated Statements of Cash Flows and Consolidated Balance Sheets are available on www.asml.com.

    The Consolidated Balance Sheets of ASML Holding N.V. as of June 29, 2025, the related Consolidated Statements of Operations and Consolidated Statements of Cash Flows for the quarter and six-month period ended June 29, 2025, as presented in this press release, are unaudited.

    Today, July 16, 2025, ASML also published its Statutory Interim Report for the six-month period ended June 29, 2025. The Statutory Interim Report is available on www.asml.com.

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

    Forward Looking Statements

    This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor industry and end markets and business environment trends, expected growth in the semiconductor industry by 2030, our expectation that AI will be the key driver for the industry and the expected impact of AI demand on our business and results, our expectation that lithography will remain at the heart of customer innovation, expected demand, bookings, outlook of market segments, outlook and expected financial results including 2025 second-half outlook, expected results for Q3 2025, including net sales, Installed Base Management sales, gross margin, R&D costs, SG&A costs, outlook for full year 2025, including expected full year 2025 total net sales, gross margin, estimated annualized effective tax rate and expected IBM sales, expected full-year net sales growth percentage relative to 2024, current expectations relating to 2026 including expected drivers and uncertainties and preparation for growth in 2026, statements made at our 2024 Investor Day, including modelled revenue and gross margin opportunity for 2030, statements with respect to tariff announcements and the expected impact of such tariffs on our business and results, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks, statements with respect to our share buyback program, and statements with respect to dividends, statements with respect to expected performance and capabilities of our systems and customer plans, statements with respect to our ESG strategy and commitments and other non-historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity”, “commitment” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the current macroeconomic environment on the semiconductor industry, semiconductor market conditions, the ultimate impact of AI on our industry and business, the impact of inflation, interest rates, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in net bookings and our ability to convert bookings into sales, the risk of order cancellation, delays or push outs and restrictions on shipments of ordered systems under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the tariff announcements, exchange rate fluctuations, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and commitments and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2024 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

    Attachments

    The MIL Network –

  • MIL-OSI Russia: Thematic holidays: Moscow Palace of Pioneers invites to summer shifts

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    More than 2.7 thousand children will attend city programs of the Moscow Palace of Pioneers on Vorobyovy Gory. Another 3.8 thousand schoolchildren will take part in field shifts. This was reported by the press service of the capital’s Department of Education and Science.

    “This summer, the capital’s supplementary education centers have prepared almost 700 thematic shifts for young Muscovites. They will be visited by over 43 thousand children. One of the main venues was the Moscow Palace of Pioneers on Vorobyovy Gory, which organizes both city and off-site shifts. The children will enjoy interactive games, creative master classes, and events aimed at revealing leadership qualities. Over the summer, they will be visited by over 6.5 thousand people,” the department’s press service reported.

    All summer long, the Moscow Palace of Pioneers holds city shifts of the “Profile Quarter” project. Children from seven to 17 years old can take part in these programs. The children will enjoy creative and scientific master classes, thematic lectures, and outdoor activities.

    For example, participants in the “Inversion” shift, which will take place from August 2 to 8, will find themselves in a mysterious city lost in time and space, where they will have to complete team tasks.

    And on the program “Voskhod” from August 4 to 15, children will be able to immerse themselves in the world of achievements and traditions of the East. Schoolchildren will solve riddles, reveal the secrets of ancient manuscripts and the secrets of Eastern masters, and demonstrate their knowledge of ancient myths in an intellectual quiz.

    The Continent shift will feature a major economic game. Teams will distribute energy resources and create systems capable of supporting the development of the continent.

    Registration for some August shifts is still open.

    “I really like the summer shifts. I have great counselors, and what I remember most is how we did chemical experiments – mixing acid and alkali. Thanks to this, I became interested in science, I wanted to learn more about chemistry,” shared Sonya Vorobyova, a student at School No. 109.

    The Moscow Palace of Pioneers holds visiting programs at the Komanda educational center on the shore of the Istra Reservoir. Specialized shifts are organized for winners, prize winners, and active participants in city projects. Every year, visiting events are organized for more than 10,000 Moscow schoolchildren.

    The program “Call of the Ocean” recently ended, where participants were taught how to read maps and identify constellations. Children were told how the tides work, and were also introduced to the flora and fauna of the oceans.

    You can also register for the “Inversion” shift, which will take place from August 2 to 8. Children will find themselves in a mysterious city, lost in time and space, where they will have to complete team tasks.

    The “Proryv-3” shift from August 24 to 30 is aimed at developing the skills of the future. Its participants will master the principles of leadership and career planning, financial literacy and design skills. You can learn more about the programs at the “Team” educational center and register on the programs’ website Moscow Palace of Pioneers.

    And at the off-site educational intensive course “Focus”, participants will learn how to manage their attention, reduce the level of absent-mindedness and increase productivity in studies, work and creativity. Developing cognitive games have also been prepared for them.

    Supplementary education programs develop creative and critical thinking in schoolchildren and form skills for a future profession. The events held within the framework of these initiatives contribute to the project “All the best for children” of the national project “Youth and Children”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ11: Facilitating re-domiciliation of non-Hong Kong-registered enterprises to Hong Kong

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Edmund Wong and a written reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (July 16):
     
    Question:
     
         The Companies (Amendment) (No. 2) Bill 2024, which was passed on May 14 this year, seeks to introduce a company re-domiciliation regime (the Regime) that enables overseas-registered enterprises to transfer their domicile to Hong Kong without having to undergo winding-up procedures in their original domicile while preserving their legal identities. The Amendment Ordinance took effect on May 23 this year, and the Regime opened for applications on the same day. In this connection, will the Government inform this Council:
     
    (1) of the number of enquiries and applications received by the authorities from overseas enterprises regarding the Regime between May 23 and June 30 this year; the following information on such overseas enterprises applying for re-domiciliation to Hong Kong: (i) nature of business, (ii) company assets and scale, and (iii) original domicile;
     
    (2) whether it has estimated the average processing time from receipt of an application for re-domiciliation from an overseas enterprise to formal approval of the enterprise to establish a presence in Hong Kong (i.e. the successful transfer of its domicile to Hong Kong);
     
    (3) whether any overseas enterprises have successfully established a presence in Hong Kong through the Regime to date; if so, of the number of such enterprises, the nature of their business, their company assets and scale, as well as their original domicile; and
     
    (4) whether it will formulate a promotional plan to promote the Regime through Invest Hong Kong and overseas economic and trade offices to attract more overseas enterprises to apply for re-domiciliation to Hong Kong; if so, of the details of the plan (including the resources involved); if not, the reasons for that?
     
    Reply:
     
    President,
     
         The company re-domiciliation regime commenced on May 23, 2025. A company incorporated outside Hong Kong may apply to the Companies Registry (CR) for re-domiciliation to Hong Kong. The regime reduces the need to go through complicated and costly judicial procedures, and enables a re-domiciled company to maintain its legal identity as a body corporate, thereby ensuring business continuity. An applicant for company re-domiciliation is required to fulfil requirements concerning company background, integrity, member and creditor protection, solvency, etc.
     
         My consolidated reply to the four parts of the question is as follows:
     
         After the implementation of the re-domiciliation regime, two international insurance groups immediately announced their plans to re-domicile to Hong Kong, which is the best testament to the regime’s effectiveness in enhancing companies’ operational efficiency. As at July 11, 2025, the CR received 265 enquiries relating to re-domiciliation. The total number of visits and downloads at the thematic section of the CR’s website exceeded 22 000 and 42 000 respectively, reflecting the positive market response to the new company re-domiciliation regime in Hong Kong. As it takes time for companies planning to re-domicile to Hong Kong to prepare the application documents, and to fulfil the requirements of their place of incorporation and other relevant jurisdictions for the proposed re-domiciliation, the CR has not yet received any formal application for re-domiciliation to Hong Kong from non-Hong Kong enterprises. At the same time, some financial institutions and enterprises have contacted the Financial Services and the Treasury Bureau (FSTB) and expressed that they are preparing to apply for re-domiciliation to Hong Kong. According to the enquiries received by the CR, most of the companies interested in re-domiciliation are from offshore economies such as Bermuda, the Cayman Islands and the British Virgin Islands.
     
         The FSTB, the CR and financial regulators will actively provide appropriate support to applicants to assist with their re-domiciliation. Under normal circumstances, the CR will complete the approval process within two weeks after an applicant has submitted all the required documents and information. On the day of issuance of a certificate of re-domiciliation, the applicant becomes a re-domiciled company and is regarded as a Hong Kong-incorporated company from the same date. The re-domiciled company is then required to complete the deregistration procedures at its place of incorporation within 120 days. The re-domiciled company may make an application to the CR to extend the 120-day period subject to any conditions the Registrar of Companies considers appropriate.
     
         The CR has set up a thematic section on its website, containing the Guide on Company Re-domiciliation, application form and frequently asked questions. The FSTB, in conjunction with the CR and the Inland Revenue Department, has proactively reached out to professional organisations and chambers of commerce, and organised briefings to introduce the content, application details and taxation arrangements of the company re-domiciliation regime. We will continue to work with Invest Hong Kong, the Economic and Trade Offices and the Hong Kong Exchanges and Clearing Limited to conduct external publicity and promotion with a view to attracting major Hong Kong-listed companies and other companies registered outside Hong Kong to make good use of the company re-domiciliation regime, and to maximising the regime’s benefits of attracting more companies, capital and talents to Hong Kong, thereby contributing to the development of the local economy. The publicity work is currently undertaken by the FSTB and the relevant departments respectively with their existing staff establishment.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Rep. Sara Jacobs Votes Against NDAA Due to Lack of Constraints on Military’s Role in Domestic Law Enforcement

    Source: United States House of Representatives – Congresswoman Sara Jacobs (D-CA-53)

    July 15, 2025

    Following the lack of meaningful reforms and constraints to the Insurrection Act and the Posse Comitatus Act, Rep. Sara Jacobs voted against the FY 2026 National Defense Authorization Act (NDAA) in the House Armed Services Committee.

    Rep. Sara Jacobs said: “Like so many Americans, I’m horrified and disturbed by President Trump’s abuse of the military to silence dissent, intimidate immigrant communities, and assist in domestic law enforcement. The military-civilian divide is a bedrock of our democracy, intended to protect civil rights and liberties and prevent the emergence of an authoritarian police state. In Los Angeles, we’ve already seen the military – at President Trump’s urging – use excessive force, commit questionable detentions, wield intimidation tactics, and violate people’s legal rights. This is only a glimpse of what could happen nationwide if President Trump invokes the Insurrection Act and turns U.S. troops on civilians. And our service members deserve better than to be used as political pawns in President Trump’s authoritarian games. 

    “The warning signs are here, and the American people are demanding that Congress do something. Unfortunately, my Republican colleagues on the House Armed Services Committee abdicated their responsibility to the Constitution and their constituents to rein in the Insurrection Act and the Posse Comitatus Act. It’s wildly disappointing but sadly unsurprising that they would rather stay in President Trump’s good graces than stop the democratic backsliding that’s happening right before our eyes. While I’m proud of the provisions I secured to expand military access to child care, housing, and fertility services and ensure transparency and accountability of the Pentagon’s use of AI, I can’t in good conscience support a bill that fails to put guardrails on the use of our military in such unprecedented times.”

    Rep. Sara Jacobs secured the following provisions in the FY26 NDAA:

    Improving Military Child Care

    • Extends the “Child Care in Your Home” (CCYH) pilot program that provides financial assistance to eligible military families, especially those with non-traditional work hours, large families, or children with special needs, for in-home child care.
    • Urges the Secretary of Defense to create a grant program to cover up to 75% of the cost for eligible civilian child care providers to expand their infant and toddler child care capacity 
    • Establishes a pilot program to raise the military fee assistance provider cap for children 24 months or younger by 30% near installations that face high child care costs

    Improving Access to Affordable Military Housing

    • Studies how the Basic Allowance for Housing can properly represent densely populated, expensive cities and rural communities
    • Excludes the Basic Allowance for Housing (BAH) from the calculation of gross household income of an eligible member of the Armed Forces, so it doesn’t hurt their access to the Basic Needs Allowance
    • Requires Privatized Military Housing landlords to report on their insurance policies, including their costs, and the amount of money made through remedial payments to landlords.

    Strengthening Access to Fertility Services 

    • Establishes TRICARE coverage of assisted reproductive technology, including IVF, for all active duty service members and their dependents and creates parity between service member and Member of Congress fertility services

    Helping Military Families Make Ends Meet

    • Increases the Family Separation Allowance to a mandatory $400 to reflect the rising cost of living and burdens on military families

    Upholding Human Rights, Enforcing Domestic and International Laws, and Preventing Conflict

    • Requires a report from the Department of Defense on its implementation of the Global Fragility Act (GFA), planned funding levels, and challenges and lessons learned from GFA implementation 
    • Requires notification to Congress anytime the Department of Defense enters into a basing agreement with a foreign military that includes whether any unit of that military has committed gross human rights violations
    • Authorizes full funding, consistent with FY25 levels, for institutional capacity building of partner militaries through the Institute for Security Governance (ISG) and for humanitarian support and demining through Overseas Humanitarian, Disaster, and Civic Aid (OHDACA)
    • Requires JAGs to be stationed at all combatant commands to ensure military operations follow domestic and international laws
    • Reinstates the requirement that Military JAGs be at the rank of 3-stars, making sure they have a seat at the table where critical strategic decisions are made

    Ensuring AI Transparency and Accountability

    • Studies how AI could be used to reduce civilian casualties
    • Requires a report from the Department of Defense with support from the Department of Energy on any efforts to incorporate non-Department AI data centers onto Department of Defense land, its plans for doing so, and potential impacts and consequences
    • Requires a report from the Department of Defense about the Chief Digital and Artificial Intelligence Office’s contract with xAI to ensure transparency and accountability
    • Requires the Secretary of Defense to notify Congress within 30 days of issuing any waiver under DoD Directive 3000.09 on autonomous weapons systems. The notice must include the rationale, description of the system, and expected duration. 
    • Directs the Under Secretary of Defense for Policy, in coordination with the Chief Digital and Artificial Intelligence Officer, to brief Congress on how the Department ensures humans authorize each use of force in autonomous and semi-autonomous weapons systems. The briefing must outline current policies, identify gaps, and describe steps being taken to maintain human oversight. 
    • Requires a report from the Chief Digital and Artificial Intelligence Officer on how AI-enabled decision aides are being integrated into non-lethal, daily DoD operations. The report must include use cases, lessons learned, and recommendations for scaling, training, and addressing ethical or cybersecurity issues, followed by a congressional briefing.
    • Directs the Under Secretary of Defense for Policy, in coordination with the Chief Digital and Artificial Intelligence Officer, to assess how AI models are influencing national security policy decisions, including risks like automation bias and lack of transparency. Requires a report and briefing covering current efforts, gaps in responsible AI integration, oversight of waivers from key AI policies, and a plan to address identified issues, including potential follow-up studies.
    • Establishes requirements for the Department of Defense to promote competition, data security, and responsible use of government data in contracts for AI, cloud computing, and data infrastructure. It also mandates public reporting on innovation and barriers in defense tech procurement and restricts the use of government data for training commercial AI without explicit authorization.

    Advancing Improved and Accountable Procurement at DoD

    • Opens up cloud and AI contracts to real competition and blocks vendors from training their commercial models on Pentagon-owned data without explicit permission.
    • Gives Congress a faster warning when a weapons program busts its budget by cutting the Nunn-McCurdy notification window to 30?days and requiring DoD to consider canceling runaway projects.
    • Requires every major weapons program to pinpoint parts that can shift to 3-D printing or other advanced manufacturing and deliver a plan to slash cost and lead time within two years.
    • Stops the Pentagon from labeling purchases of more than 500 units a “prototype,” ensuring that large purchases receive full competition and oversight.
    • Places significant “Other Transaction” projects under the same documentation and milestone reviews as traditional acquisition programs, shedding light on a growing loophole.
    • Delivers the Pentagon’s first-ever “Right to?Repair” for major weapons systems. Contractors must hand over the parts, tools, and technical data DoD needs to fix its own gear—breaking decades-old vendor lock-ins, slashing sustainment costs, and speeding repairs that keep jets flying and ships sailing.

    ###

    MIL OSI USA News –

  • US launches probe into Brazil’s trade practices, digital payment services

    Source: Government of India

    Source: Government of India (4)

    U.S. Trade Representative Jamieson Greer said on Tuesday he had launched an investigation into Brazil’s “unfair” trading practices, a week after President Donald Trump threatened a 50% tariff on imports from Latin America’s largest economy.

    Trump’s trade war, launched since starting his second term in January, sets tariffs on nearly all U.S. trading partners, aiming to reorder the global economy and end decades of what he calls discrimination against the United States.

    The USTR investigation, announced last week by Trump, will decide if Brazil’s treatment of digital trade and preferential tariffs, among others, is “unreasonable or discriminatory and burdens or restrict” U.S. commerce, Greer said.

    “At President Trump’s direction, I am launching a Section 301 investigation into Brazil’s attacks,” he added in a statement.

    Among victims of such attacks he cited U.S. social media and other companies, as well as workers, farmers, and technology innovators he described as harmed by Brazil’s “unfair trading practices”.

    Following extensive consultations, Greer added, “I have determined that Brazil’s tariff and non-tariff barriers merit a thorough investigation, and potentially, responsive action.”

    Trump justified his 50% tariff from August 1, well above the rate of 10% initially proposed, with a demand for an end to the trial of former President Jair Bolsonaro for allegedly plotting a coup.

    The high tariff for Brazil surprised many trade experts since its U.S. goods imports exceed its exports, and because Trump linked the rate so clearly to Bolsonaro’s trial.

    Brazil offered no immediate reaction to news of the U.S. investigation. On Monday, Vice President Geraldo Alckmin said it had yet to receive a response from Washington to an offer it made in trade talks two months ago.

    During his first term, Trump used Section 301 of the Trade Act of 1974 to justify a spate of tariffs against China. It was also used to investigate other countries for digital services taxes on U.S. tech firms.

    In a statement, USTR said Brazil disadvantaged U.S. firms by setting lower tariffs on exports of other trading partners and accused it of failing to battle corruption.

    It added that Brazil also charged substantially higher tariffs on U.S. ethanol exports, and “appears to be failing” to enforce laws against illegal deforestation, which it said harmed the competitiveness of U.S. timber producers.

    (Reuters)

  • 1.4 lakh new PM Jan Dhan Yojana accounts opened since July 1: Finance ministry

    Source: Government of India

    Source: Government of India (4)

    Nearly 1.4 lakh new accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) have been opened across the country since July 1, the Department of Financial Services (DFS) said on Tuesday. More than 5.4 lakh fresh enrollments under the three Jan Suraksha Schemes have also been recorded during this period.

    The DFS has rolled out a three-month nationwide campaign, which began on July 1 and will run till September 30, to expand the reach of its flagship financial inclusion schemes — PMJDY, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY). The campaign aims to cover all Gram Panchayats and Urban Local Bodies to ensure that every eligible citizen can access these schemes.

    “The initiative reflects the government’s commitment to last-mile financial empowerment and greater socio-economic inclusion,” the finance ministry said in a statement.

    In the first two weeks of the drive, 43,447 enrolment camps have been organised in various districts to register beneficiaries and promote financial literacy. Progress reports for 31,305 camps have been compiled so far.

    The outreach campaign will cover about 2.7 lakh Gram Panchayats and urban bodies by September-end.

    Additionally, the finance ministry clarified that the government has not issued any order to banks to close inactive PM Jan Dhan Yojana accounts.

    “In connection with reports appearing in the media that the Department of Financial Services (DFS), Ministry of Finance, has asked banks to close inactive PM Jan Dhan Yojana accounts, the DFS has clarified that it has not asked banks to close inactive PM Jan Dhan Yojana accounts,” the finance ministry said.

    So far, over 55.44 crore Jan Dhan accounts have been opened in India, with women holding 56 per cent of them. Deposits in these accounts crossed Rs 2.5 lakh crore as of May 21 this year.

  • EAM Jaishankar slams terrorism at SCO meet, cites Pahalgam attack as example

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister Dr. S. Jaishankar on Tuesday stressed the importance of taking an uncompromising stance against terrorism, citing the recent Pahalgam terrorist attack in India, which was condemned by the UN Security Council.

    The Minister was speaking at the Shanghai Cooperation Organisation (SCO) Council of Foreign Ministers Meeting in Tianjin.

    He highlighted three evils – terrorism, separatism and extremism, which often occur together, in his post on X. He said, “Recently, we in India witnessed a graphic example in the terrorist attack in Pahalgam on 22 April 2025. It was deliberately conducted to undermine the tourism economy of Jammu and Kashmir while sowing a religious divide. The UN Security Council, of which some of us are currently members, issued a statement that condemned it in the strongest terms and ‘underlined the need to hold perpetrators, organizers, financiers and sponsors of this reprehensible act of terrorism accountable and bring them to justice’. We have since done exactly that and will continue doing so. It is imperative that the SCO, to remain true to its founding objectives, take an uncompromising position on this challenge.”

    He highlighted India’s commitment to holding perpetrators accountable and bringing them to justice.

    Jaishankar emphasised the need for SCO member states to work together to stabilise the global order, mitigate risks, and address longstanding challenges that threaten collective interests amid rising conflicts, competition, and economic instability.

    “In the last few years, we have seen more conflicts, competition and coercion. Economic instability is also visibly on the rise. The challenge before us is to stabilise the global order, de-risk various dimensions and, through it all, address longstanding challenges that threaten our collective interests,” the EAM posted on X.

    Jaishankar underscored the need for cooperation within the SCO to be based on mutual respect, sovereign equality, and adherence to the territorial integrity and sovereignty of member states. He also mentioned India’s initiatives in areas like startup innovation, traditional medicine, and digital public infrastructure.

    “India has taken several initiatives in the SCO in domains ranging from startup and innovation to traditional medicine and digital public infrastructure. We will continue to positively approach new ideas and proposals that are genuinely for our collective good. It is essential that such cooperation is based on mutual respect, sovereign equality and in accordance with the territorial integrity and sovereignty of member states,” said Jaishankar.

    Jaishankar emphasised the importance of addressing current issues, such as the lack of assured transit within the SCO space, to deepen collaboration and promote economic cooperation. He also highlighted the potential of the International North South Transport Corridor (INSTC) to boost regional connectivity.

    “Deepening collaboration within the SCO naturally requires more trade, investment and exchanges. For that to move to the next level, it is imperative that we address some current issues. One of them is the lack of assured transit within the SCO space. Its absence undermines the seriousness of advocating cooperation in economic areas. Another is to ensure the promotion of the International North South Transport Corridor (INSTC). We are confident that it will continue to gather momentum,” he added.

    Jaishankar stressed the need for the international community, particularly SCO members, to provide development assistance to Afghanistan, while ensuring regional stability and concern for the well-being of the Afghan people.

    “Afghanistan has been long on the SCO agenda. The compulsions of regional stability are buttressed by our longstanding concern for the well-being of the Afghan people. The international community, particularly SCO members, must therefore step up with development assistance. India, for its part, will certainly do so,” added Jaishankar.

    He noted the emergence of effective groupings like the SCO in a multipolar world and emphasised the importance of coming together on a shared agenda to contribute to shaping world affairs.

    “The world is today moving towards greater multipolarity. This is not just in terms of redistribution of national capacities, but also the emergence of effective groupings like SCO. Our ability to contribute to the shaping of world affairs will naturally depend on how well we come together on a shared agenda. That means taking everybody on board,” said Jaishankar.

    EAM Jaishankar held several high-level interactions on the sidelines of the SCO Foreign Ministers’ meeting.

    He met his Russian counterpart, Sergey Lavrov, on the sidelines of the Shanghai Cooperation Organisation (SCO) Foreign Ministers’ Meeting on Tuesday.

    In a post on X, Russia’s Foreign Ministry shared, “Russia’s Foreign Minister Sergey Lavrov and Minister of External Affairs of India @DrSJaishankar hold a meeting on the sidelines of the #SCO Council of Foreign Ministers meeting.”

    He also met Iranian Foreign Minister Seyed Abbas Araghchi on Tuesday on the sidelines of the Shanghai Cooperation Organisation (SCO) Foreign Ministers’ meeting in Tianjin, China.

    Jaishankar shared the update on X. He wrote, “Good to catch up with FM @araghchi of Iran, this time on the sidelines of the SCO Foreign Ministers Meeting in Tianjin.”

    Jaishankar is on an official visit to China to attend the SCO Foreign Ministers’ Meeting. He arrived in Beijing after concluding his trip to Singapore. This is also his first visit to China since the Galwan Valley clash in 2020, which severely strained ties between the two countries.

    Earlier in the day, Jaishankar, along with other SCO foreign ministers, met Chinese President Xi Jinping.

    His visit comes shortly after recent visits to China by Defence Minister Rajnath Singh and National Security Advisor (NSA) Ajit Doval, both of whom attended SCO-related engagements in June.

    Chinese Foreign Minister Wang Yi is also expected to visit India next month to meet NSA Ajit Doval. The meeting will be part of the Special Representatives (SR) dialogue mechanism, aimed at resolving the long-standing boundary dispute between the two countries. (ANI)

  • MIL-OSI United Kingdom: Mayor of London warns UK must not ‘pull up the drawbridge to international students’ in landmark speech

    Source: Mayor of London

    • Mayor shares new analysis of major economic benefits from international students in speech hosted by Imperial College London’s new Ghana hub
    • City Hall projections put annual economic benefit of overseas students at UK universities around £55bn, with £12.5bn from those based in London
    • Sadiq will warn that ministers who want to “pull up the drawbridge to international students” would “slow down growth and leave working people in Britain worse off” as he stresses economic benefits of attracting the best global talent to study, work and live here

    Mayor of London, Sadiq Khan, is urging the government not to make it harder for international students to study in the UK as he reveals new analysis showing they contribute £12.5bn to the capital and £55bn to the national economy every year.

    The Mayor is in Ghana today (Wednesday 16 July) as part of his historic five-day trade mission to Africa, banging the drum for the capital as a place to invest and strengthening ties with countries across the continent. A major speech in Accra will see Sadiq make the case for welcoming students from around the world, and warn that proposals for a new levy on their university fees would be damaging to London and the UK’s economy.

    The UK Government is currently considering a new levy on income that English universities generate from international students as part of its immigration whitepaper, which could not only put students off coming here from overseas but also create a substantial extra financial burden for already stretched universities. The Mayor’s speech today will warn that this levy would be “an act of immense economic self-harm”.

    Today the Mayor will deliver a keynote speech on the power of education, innovation and entrepreneurship to Ghanaian students hosted at Imperial College London’s Accra hub. With five per cent of London’s higher education population coming from Africa [1], he will stress that London is open to global talent and make the positive case for international study.

    Latest analysis by London Economics revealed a more than £10 billion rise in the economic contribution of international higher education students to the UK economy, from £31.3bn in 2018/19 to £41.9bn in 2021/22 – leading City Hall economists to project it could hit £55bn in the current academic year on the basis of historical trends [2].

    London accounts for almost a quarter of this national impact, representing around £10bn in the latest data and projected to reach £12.5bn this year [3]. International students in the capital created an average net benefit of £1,040 per Londoner over the course of their studies, as beyond their university fees they contribute by spending in all sectors of the economy and bringing family or friends to visit [4].

    This positive economic impact spreads across the UK, with international students making a £58m net contribution to the national economy per parliamentary constituency during their studies – providing an equivalent £560 benefit for each local resident [5]. They also bring a longer-term labour market value, as many stay here after their studies to work in key economic sectors from tech and AI to finance and creative industries.

    Imperial is the first UK university with a permanent base solely focused on science, technology and innovation in Africa – building on the rapidly rising number of advancements and breakthroughs Imperial has made working with researchers in Ghana over recent years. Imperial Global Ghana serves as an academic hub to support high-impact collaboration in cutting-edge fields from medical diagnostics to urban health and AI to climate science.

    As well as current students, the Mayor will meet recent graduates including Shirgade Laryea, a Ghanaian alumna of Imperial College London’s Business School who is now a rising star in the UK-Ghana Chamber of Commerce. Other alumni success stories include Affinity bank founder Tarek Mouganie, Liquify fintech platform COO Alberta Asafa-Asomoah and former Anglo Gold Ashanti CEO Sir Sam Jonah.

    The Mayor is expected to say in his speech: “There are people at home who believe we should pull up the drawbridge to international students, or punish universities that choose to welcome people from around the world.

    “Our new analysis shows international students bring in tens of billions for our economy each year over the course of their studies, including £12.5 billion in London alone. And when they graduate, they go on to make our city – and our country – a better place to be.”

    The Mayor will add: “Closing our country to global talent would be an act of immense economic self-harm – one that would slow down growth and leave working people in Britain worse off than before. That’s why I’m calling on our Government not to make it harder for international students to study in the UK.

    “On my watch, London will be as open as ever… but I think we must do more. We cannot simply wait for the world to come to London; we must bring London to the world.”

    Imperial College London President, Professor Hugh Brady, said: “Imperial Global Ghana creates a bridge between London and Accra so you get a flow of ideas, talent and capital. The hub supports hundreds of entrepreneurs and scientists in West Africa, and enables talented students to further their studies in London.

    “International students are an essential part of Imperial’s global community. They bring diverse perspectives, new ideas, and fresh approaches to tackling today’s most complex challenges. We are pleased that London and the UK remains a top destination and welcoming environment for international students.”

    Imperial Global Ghana Associate Director, Clare Turner, said: “A truly global city – and its universities – thrive when people with different cultural, social and intellectual perspectives come together. At Imperial Global Ghana, our focus is on building long-term equitable research and education partnerships that both inspire the next generation of leaders and innovators, and work towards a greater understanding of complex global challenges – such as climate change, the energy transition, and access to quality healthcare.”

    University of Ghana Vice Chancellor, Professor Nana Aba Appiah Amfo, said: “It is a great honour to welcome the Mayor of London, Sir Sadiq Khan, to Ghana and to the University of Ghana. His presence underscores the growing importance of global partnerships in shaping the future of education and innovation; we look forward to deepening these ties as we empower the next generation of changemakers on the continent and beyond.

    “We are especially proud of our collaboration with Imperial College London – one that continues to thrive through initiatives such as the Impact Hub and other areas such as digital diagnostics, innovation and entrepreneurship, public health, environmental sustainability, and vaccine manufacturing clearly stipulated in a five-year Memorandum of Understanding signed in 2024. This innovative cooperation is hinged on our five strategic priorities: transformative student experience, impactful research, commitment to our faculty and staff, engagement and partnerships, as well as sustainable resource mobilisation and stewardship.”

    London Higher CEO, Liz Hutchinson, said: “London’s universities are world-leading because they are international, with overseas students enriching not just the economy but also the learning experience and the vibrant, creative communities that the capital is famous for. International graduates are crucial to London’s talent pipeline, joining the many businesses based here or as entrepreneurs.

    “This is a time when we should be strengthening our position as a hub for talented individuals from across the world. The government’s proposed levy on international students does the opposite. With our partners in the sector, in industry and in London, we stand ready to collaborate with Government and sector colleagues to find alternative solutions that enhance rather than damage London’s international competitiveness.”

    Universities UK Chief Executive, Vivienne Stern, said: “The Mayor of London will see first-hand the global reach of UK universities and their contribution to the cutting-edge research tackling shared challenges. He is right to champion the power of education, and this new analysis once again highlights the economic value of international students to the UK.

    “We are fortunate to be a destination of choice for students from all over the world; they contribute to our research landscape and our communities, as well as enabling UK students to benefit from diverse perspectives. We should be proud of this and work hard to make sure that international students feel welcome.”

    Business LDN Chief Executive, John Dickie, said: “At a time when some of our rivals are closing their doors to international students, the UK should do all it can to reinforce its attractiveness to talented people from across the globe.

    “London is the world’s best city to study, but the Government’s plans to introduce a new levy on the income generated by overseas students risks damaging our competitiveness. Ministers should scrap these plans to avoid damaging growth, exacerbating the higher education sector’s financial challenges and undermining our soft power.”

    Over the course of five days Sadiq will visit four cities – Lagos, Accra, Johannesburg and Cape Town – to boost trade links with London and build on extensive connections with the capital’s growing African diaspora. The Mayor’s growth agency London & Partners will also host a trade delegation of 27 London-based companies that are looking to grow their businesses and access opportunities in this dynamic and important region of the world.

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Rural News – Progress on rates reform – but only half the picture – Federated Farmers

    Source: Federated Farmers

    Federated Farmers is welcoming the Government’s moves to rein in soaring council rates but says key elements are missing from the reform bill announced yesterday.
    “The proposed legislation rightly refocuses councils on core services – roads, water, rubbish, and basic infrastructure – something we’ve long called for,” Federated Farmers local government spokesperson Sandra Faulkner says.
    “New financial performance measures, benchmarking and more regular public reporting should help drive greater transparency and accountability.”
    But Faulkner says while the Local Government (Systems Improvements) Amendment Bill also contains some regulatory relief tweaks, it fails to address a major pressure point: the constant loading of councils with new, unfunded mandates.
    There’s also no sign of ditching the 30% cap on uniform annual charges, or direction to councils they should use this tool more to distribute costs more fairly, instead of relying on property value-based rates that hit farmers hard.
    “Federated Farmers is in no doubt that many councils need to show more financial discipline.
    “Data shows the average dairy farmer’s rates in 2024/25 were $23,000, a 25% increase in the last five years. Rates for sheep and beef farms average $19,000, a 35% increase since 2020/21.
    “These are huge amounts to come out of farmers’ budgets year after year and our rural families are really feeling the pressure,” Faulkner says.
    Local Government Minister Simon Watt says the Government is working at pace to develop a rates cap model, expected later this year.
    “Federated Farmers supports the idea – but it has to be well-designed,” Faulkner says.
    “A lot of careful thought will be needed to get this right. There needs to be off-ramps for councils facing legitimate cost pressures for essential infrastructure like roads.
    “Councils still need to be well-funded in the interests of maintaining robust infrastructure.”
    She also warns a cap could affect Local Government Funding Authority credit ratings, potentially driving up borrowing costs for councils.
    “The last thing councils need are higher debt interest costs from LGFA, the principal lender at competitive rates to local authorities.”
    Faulkner says the bill and upcoming select committee hearings are a good chance to finally tackle bigger questions about council costs and funding.
    “Minister Watts has ruled out new taxes or revenue tools for councils, with the Government saying there’s still scope to get better value from current rates. But that ignores half the equation.
    “The bill acknowledges council rates rises are being driven by rising council costs, particularly for critical infrastructure.”
    The Federated Farmers ‘Restoring Confidence in Local Decision-Making’ blueprint calls for local road and bridge maintenance and renewal costs to be funded 90% from road user charges, rather than the current situation where ratepayers fork out just under 50% of these costs.
    “And we think there should be local referendums for any large council commercial projects – such as stadiums and conference centres – if they cost more than $500 per rateable property.” 

    MIL OSI New Zealand News –

  • MIL-OSI China: Economic growth momentum expected to continue

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

    People select goods at a Decathlon store on Nanbin Road, Nan’an District, southwest China’s Chongqing, April 19, 2025. [Photo/Xinhua]

    The Chinese economy expanded 5.3 percent year-on-year in the first half of 2025, official data showed on Tuesday, defying mounting global headwinds and providing a solid footing for achieving the full-year growth target of around 5 percent.

    Analysts said they expect the economic growth momentum to continue in the second half of the year, given the government’s ample policy room and tools, the steady recovery in domestic demand, and the resilience in exports.

    Looking ahead, they said that China’s top leadership may sharpen its focus on maintaining economic stability and restoring market confidence, with strong fiscal stimulus and further monetary easing to stimulate domestic demand and cushion against external headwinds.

    Data from the National Bureau of Statistics showed that China’s GDP increased 5.2 percent year-on-year in the second quarter of this year, cooling from a 5.4 percent growth in the first quarter.

    “The Chinese economy posted a solid first half, supported by resilient exports,” said Louise Loo, lead economist at British think tank Oxford Economics. “Sequential GDP growth moderated in the second quarter, but still allowed first-half growth to reach 5.3 percent — comfortably above the official 5 percent full-year target.”

    China’s value-added industrial output grew 6.8 percent year-on-year in June, after a 5.8 percent rise in May, while retail sales — a key measurement of consumer spending — rose 4.8 percent year-on-year in June, down from 6.4 percent in May.

    Loo said that retail sales growth slowed in June, reflecting weak organic spending momentum following the temporary boost from the “618” shopping festival.

    Loo said that fiscal policy is expected to take the lead in supporting growth, as June’s robust government bond issuance suggests stimulus is being ramped up. “We anticipate this will include renewed funding for the trade-in program, given its more immediate impact on demand,” she added.

    According to NBS data, final consumption accounted for 52 percent of China’s economic growth in the first half of the year. In the second quarter, final consumption contributed 52.3 percent to economic growth, slightly higher than the figure in the first quarter.

    “These figures indicate that domestic demand — particularly consumption — remains the primary driver of GDP growth,” Sheng Laiyun, deputy head of the NBS, said on Tuesday at a news conference in Beijing.

    NBS data shows retail sales rose 5 percent year-on-year in the first half of 2025, up from 4.6 percent in the first quarter.

    “The upward momentum seen in consumption in the first half will likely carry into the second half,” Sheng said, noting that new rounds of consumption-boosting stimulus measures, including subsidies, are already being rolled out.

    “Authorities are accelerating the rollout of policies for the second half of the year. China’s policy toolbox remains ample and it is strengthening policy reserves, with new measures to be introduced as needed in response to market changes,” he said.

    Given China’s robust first-half performance, Ming Ming, chief economist at CITIC Securities, said the second-half policy efforts are likely to focus on innovating policy tools.

    “Efforts will likely target key areas in the economy, including supporting property destocking, further developing the service sector and boosting consumption,” he said on Tuesday at a forum hosted by China News Service in Beijing.

    Wang Qing, chief macroeconomic analyst at Golden Credit Rating International, said that China will likely step up “unconventional” countercyclical adjustments in the second half to cushion external pressures.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: LCQ18: Employment support services

    Source: Hong Kong Government special administrative region

         Following is a question by Dr the Hon Ngan Man-yu and a written reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (July 16):
     
    Question:
     
         The Employment Information and Promotion Programme Office (EIPPO) of the Labour Department (LD) is responsible for promoting employment services, assisting job-seekers in finding jobs through the provision of employment information, and helping employers recruit suitable staff. In this connection, will the Government inform this Council:

    (1) of the details of EIPPO’s existing staffing establishment (including the number of posts, rank distribution and the ratio of full-time to contract staff); between 2022 and 2024, (i) the operating expenses of EIPPO, (ii) the number of job fairs organised, and (iii) the number of job vacancies processed, together with a breakdown by year and industry type (e.g. retail, construction and service);

    (2) of the number of successful placements referred by the EIPPO (“successful job matching”) between 2022 and 2024 and its percentage in the total number of job vacancies processed by the EIPPO, together with a breakdown by the age, sex, academic qualification and group (e.g. ethnic minorities or persons with disabilities) of job seekers, and the industry of the placement; whether it has laid down clear definitions and criteria for successful job matching (e.g. staying in employment for three months or more);

    (3) whether the LD has formulated performance indicators for the EIPPO’s work, such as participation rates at job fairs, vacancy filling rates or job seeker satisfaction levels; if so, of the details (including the key indicators and their attainment between 2022 and 2024); if not, the reasons for that;

    (4) whether it has plans to comprehensively review the effectiveness of the EIPPO’s services, so as to enhance the employment support measures for vulnerable workers (including low-skilled workers, women, ethnic minorities and middle-aged persons); if so, of the details (including the timetable, scope and objectives of the review); if not, the reasons for that, and whether it will conduct the relevant review;

    (5) whether it will consider strengthening co-operation with enterprises, social organisations and non-governmental organisations to establish an “employment support platform for vulnerable workers”, and encouraging enterprises to provide internships and long-term employment opportunities suitable for vulnerable workers; if so, of the details (including the content of the plan, the implementation timetable, the measures to provide subsidies or incentives to enterprises, as well as the expected effectiveness); if not, the reasons for that, and whether there are other alternative measures; and

    (6) whether it will, by drawing reference from LD’s practice of setting up industry-specific job centres (e.g. the Recruitment Centre for the Catering Industry, the Recruitment Centre for the Retail Industry and the Construction Industry Recruitment Centre), convert job centres in some districts into one-stop employment support centres specifically targeting women, the elderly and ethnic minorities, with a view to enhancing the effectiveness of such centres?

    Reply:

    President,

         The Labour Department (LD) provides diversified and free employment services to job-seekers to encourage and assist them in entering the labour market. The Employment Information and Promotion Programme Office (EIPPO) under the Employment Information and Promotion Division of the LD is responsible for holding large-scale job fairs and organising publicity projects to promote the LD’s employment services and related information. The EIPPO also actively liaises with employers to canvass job vacancies from different industries with a view to assisting employers in recruiting employees and expediting the dissemination of employment information.

         The reply to the Member’s question is as follows:

    (1) The breakdown of the EIPPO’s staff establishment by grade from 2022-23 to 2024-25 is at Annex 1. The EIPPO’s annual operational expenses (excluding staff cost) during the same period was $5.02 million, $9.07 million and $8.94 million respectively. Due to the COVID-19 pandemic, some activities could not be organised in 2022, resulting in lower operational expenses for the year.

         From 2022 to 2024, the EIPPO organised 13, 17 and 18 large-scale job fairs each year, offering 23 594, 36 870 and 32 900 job vacancies respectively for job-seekers to submit job applications to employers on the spot. Due to the COVID-19 pandemic, the number of large-scale job fairs organised and job vacancies recorded in 2022 were lower. A breakdown of the relevant job vacancies by industry is at Annex 2. 

    (2) The LD organises large-scale job fairs to provide a convenient platform for employers and job seekers to meet face-to-face. In addition to applying for jobs and attending interviews on the spot, job seekers can learn directly from employers about trade development, company culture, job requirements, etc. At the same time, they can make use of the LD’s consultation services during job fairs and obtain information on various employment programmes.

         From 2022 to 2024, about 6 600, 26 500 and 32 600 job seekers attended the large-scale job fairs organised by the EIPPO each year. Due to the COVID-19 pandemic, the number of job seekers visiting the large-scale job fairs was lower in 2022. Based on the questionnaire responses collected by the LD from employers after the job fairs, from 2022 to 2024, approximately 1 300, 1 900 and 2 000 job seekers were respectively employed within one month after the job fairs each year. The LD does not maintain breakdowns of the job fair visitors or individuals employed after the job fairs.

    (3) and (4) The LD from time to time organises large-scale job fairs across the territory and stages district-based thematic job fairs at its job centres, including inclusive job fairs for ethnic minorities, and part-time or thematic job fairs targeting elderly and middle-aged job seekers (including women).

         Overall, employers, job seekers and relevant stakeholders have strong demand for job fairs. Participating employers and job seekers respond very favourably to the events. As the number of job vacancies, success rate of recruitment, etc., may be affected by factors such as the economy, labour market situation and personal circumstances of job seekers, it is inappropriate to set Key Performance Indicators for the EIPPO or the large-scale job fairs it organises.

         The LD will continue to closely monitor changes in the economy and employment market, conduct timely review on the effectiveness of various employment services, and implement appropriate enhancement measures. 

    (5) and (6) The LD’s ten job centres provide integrated employment services to job seekers. Apart from job referral service, job seekers can also use the facilities of the job centres, including vacancy search terminals, computers with word processing function for preparing resume, employment information corners, etc. Employment officers of the centres may also meet with job seekers to provide them with personalised employment advisory service, and based on their needs and preferences, recommend them to join suitable employment programmes or to enroll in training/retraining courses so as to enhance their employability and employment opportunities. All job centres also provide dedicated services for elderly and middle-aged persons (including women), and ethnic minorities, such as priority employment services for those aged 50 or above, and arrangement of interpretation services for ethnic minority job seekers. 

         Additionally, the LD implements various employment programmes including Youth Employment and Training Programme, Re-employment Allowance Pilot Scheme, Employment Programme for the Elderly and Middle-aged and Racial Diversity Employment Programme to support and facilitate the employment of young people, elderly and middle-aged persons (including women) as well as ethnic minorities. The LD collaborates with relevant groups, including engaging non-governmental organisations to provide employment support to participants, etc., to jointly implement employment programmes.

         Apart from offering integrated employment services, job centres also collaborate with relevant groups in implementing employment programmes. Proven to be effective, this modus operandi can comprehensively and flexibly meet the needs of different groups of job seekers (including women, older persons and ethnic minorities, etc.). As such, the LD currently has no plan to set up other employment support platform, or new employment support centres for specific groups of job seekers. 

    MIL OSI Asia Pacific News –

  • Trump sets 19% tariff on Indonesia goods in latest deal, EU readies retaliation

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were coming, while offering fresh details on planned duties on pharmaceuticals.

    Trump announced the pact with Indonesia, a relatively minor U.S. trading partner, as he continued to press for what he views as better terms with trading partners and ways to shrink a huge U.S. trade deficit. Letters setting tariff rates for dozens of smaller countries were also coming soon, he said on Tuesday.

    The deal with Indonesia is among the handful struck so far by the Trump administration ahead of an August 1 deadline when duties on most U.S. imports are due to rise again. The accord came as the top U.S. trading partner – the European Union – readied retaliatory measures should talks with Washington fail.

    As that deadline approached, negotiations were under way with other nations eager to avoid more U.S. levies beyond a baseline 10% on most goods that has been in place since April.

    Trump’s roll-out of the policies has often been chaotic. His moves have upended decades of negotiated reductions in global trade barriers, unsettling international financial markets and threatening a new wave of inflation.

    Based on Trump tariff announcements through Sunday, Yale Budget Lab estimated the U.S. effective average tariff rates will rise to 20.6% from between 2% and 3% before Trump’s return to the White House in January. Consumption shifts would bring the rate down to 19.7%, but it’s still the highest since 1933.

    Trump outlined an Indonesia deal similar to a preliminary pact struck recently with Vietnam, with a flat tariff on exports to the U.S. roughly double the current 10% and no levies on U.S. exports going there. It also included a penalty rate for so-called transhipments of goods from China via Indonesia and a commitment to buy some U.S. goods.

    “They are going to pay 19% and we are going to pay nothing … we will have full access into Indonesia, and we have a couple of those deals that are going to be announced,” Trump said outside the Oval Office. Trump later said on his Truth Social platform that Indonesia had agreed to buy $15 billion of U.S. energy products, $4.5 billion of American farm products and 50 Boeing BA.N jets, though no time frame was specified.

    He told reporters the deal with Vietnam was “pretty well set” but said it was not necessary to release details.

    TRUMP: INDIA TALKS MOVING SAME WAY

    Indonesia’s total trade with the U.S. – totalling just under $40 billion in 2024 – does not rank in the top 15, but it has been growing. U.S. exports to Indonesia rose 3.7% last year, while imports from there were up 4.8%, leaving the U.S. with a goods trade deficit of nearly $18 billion.

    The top U.S. import categories from Indonesia, according to U.S. Census Bureau data from the International Trade Centre’s TradeMap tool, last year were palm oil, electronics equipment including data routers and switches, footwear, car tires, natural rubber and frozen shrimp.

    Susiwijono Moegiarso, a senior official with Indonesia’s Coordinating Ministry for Economic Affairs, told Reuters in a text message: “We are preparing a joint statement between U.S. and Indonesia that will explain the size of reciprocal tariff for Indonesia including the tariff deal, non-tariff and commercial arrangements. We will inform (the public) soon.”

    Trump had threatened the country with a 32% tariff rate starting August 1 in a letter sent to its president last week. He sent similar letters to about two dozen trading partners this month, including Canada, Japan and Brazil, laying out tariff rates ranging from 20% to 50%, plus a 50% tariff on copper.

    Speaking in Pittsburgh on Tuesday, Trump said he favored blanket tariffs over complicated negotiations, but his Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were keen to land more trade agreements.

    Upon his arrival back in Washington, Trump told reporters that letters would be going out soon for many smaller countries, suggesting they would face a tariff of “a little over 10%.”

    He said his administration would also announce tariffs on pharmaceuticals imported into the United States, probably at the end of the month, starting with what he called a low tariff rate to give companies time to move manufacturing to the U.S. before imposing a “very high tariff” in a year or so.

    The August 1 deadline gives targeted countries time to negotiate about lower tariff rates. Some economists have also noted Trump’s pattern of backing off his tariff threats.

    Since launching his tariff policy, Trump has clinched only a few “framework” agreements, falling short of earlier promises to land “90 deals in 90 days.”

    So far, such deals have been reached with the United Kingdom and Vietnam, and an interim deal has been struck with China to forestall the steepest of Trump’s tariffs while negotiations continue between Washington and Beijing.

    Trump said talks with India were moving “along that same line,” saying the agreement would give U.S. firms access to the large Indian market.

    EU READIES RETALIATION

    The breakthrough with Indonesia came as the European Commission, which oversees trade for the EU, prepared to target 72 billion euros ($84.1 billion) worth of U.S. goods – from Boeing BA.N aircraft and bourbon whiskey to cars – for possible tariffs if trade talks with Washington fail.

    Trump has threatened a 30% tariff on imports from the EU from August 1, a level European officials say is unacceptable and would end normal trade between two of the world’s largest markets.

    The list, sent to EU member states and seen by Reuters on Tuesday, pre-dated Trump’s move over the weekend to ramp up pressure on the 27-nation bloc and responded instead to U.S. duties on cars and car parts and a 10% baseline tariff.

    The package also covers chemicals, medical devices, electrical and precision equipment as well as agriculture and food products – a range of fruits and vegetables, along with wine, beer and spirits – valued at 6.35 billion euros.

    (Reuters)

  • ‘Severance,’ ‘The Penguin’ lead nominations for TV’s Emmy awards

    Source: Government of India

    Source: Government of India (4)

    Psychological thriller “Severance” from Apple TV+ and HBO’s crime drama “The Penguin” stacked up the most nominations for Emmy Awards on Tuesday, outpacing “The Studio” and “The White Lotus” in the contest for television’s highest honors.

    “Severance” received a leading 27 nominations and was nominated for the top prize of best drama alongside Star Wars series “Andor,” “The Pitt,” “The White Lotus” and others.

    “The Penguin,” set in the DC Comics universe and starring Colin Farrell, earned 24 nominations and will compete for best limited series against Netflix NFLX.O hit “Adolescence,” among others.

    Hollywood satire “The Studio,” an Apple TV+ show featuring Seth Rogen as a nervous film executive, and HBO’s “The White Lotus,” about murder and misdeeds at a luxury resort in Thailand, received 23 each.

    “What the heck?!! We never thought this would happen,” Rogen said in a statement.

    Comedy nominees included defending champion “Hacks,” previous winner “The Bear,” “Nobody Wants This” and “Abbott Elementary.”

    The 23 nominations for “The Studio” tied the record for a comedy in a single season, set last year by Chicago restaurant tale “The Bear.”

    Winners of the Emmys will be announced at a red-carpet ceremony held in Los Angeles and broadcast live on CBS PARA.O on September 14. Comedian Nate Bargatze will host.

    The television industry is undergoing a contraction as media companies curtail the sky-high spending they shelled out to compete in the shift to streaming platforms led by Netflix.

    Longtime Emmy favorite HBO and the HBO Max streaming service topped all programmers with 142 nominations, a record for the network.

    Walt Disney DIS.N collected 137 nominations, including six for ABC’s “Abbott Elementary,” one of the few broadcast shows in the Emmy mix. “Andor,” on Disney+, received 14.

    Netflix garnered 120 nods and Apple scored 81, its highest total since launching its streaming service in 2019.

    “Severance” tells the story of office workers who undergo a procedure to make them forget their home life at work, and vice versa.

    “It’s distinctive in every way – in terms of its storytelling, in terms of style, in terms of its directing, its tone,” said Matt Cherniss, head of programming at Apple TV+.

    Star Adam Scott, a best actor nominee, said the cast had been unsure of how viewers would respond.

    “The fact that it’s resonated at all has been just such an incredible feeling,” Scott said. “We thought it was something that might be too weird.”

    WYLE, FORD IN THE RUNNING

    Noah Wyle received his first Emmy nomination since 1999 for his role as an emergency room doctor on “The Pitt.” Wyle was nominated five times for “ER” but never won.

    “I’m humbled and grateful,” Wyle said of the recognition for “The Pitt,” which received 13 total nominations.

    Harrison Ford, 83, earned his first Emmy nod, for playing a grumpy therapist on “Shrinking.”

    Ron Howard, the former “Happy Days” star turned Oscar-winning director, also landed his first acting nomination, a guest actor nod for playing himself on “The Studio.”

    “Who says nice guys finish last?!” Howard wrote on Instagram.

    He will compete with fellow director Martin Scorsese, another guest star on “The Studio.”

    Other notable acting nominees included Farrell and Cristin Milioti for “The Penguin,” “The Bear” actors Jeremy Allen White and Ayo Edebiri, Kathy Bates for “Matlock,” “Hacks” stars Jean Smart and Hannah Einbinder, and Pedro Pascal and Bella Ramsey for “The Last of Us.”

    Eight “White Lotus” actors were recognized.

    “This is a bunch of cherries on the icing on the cake that was the gift of playing such a tortured and lonely human,” said Jason Isaacs, who portrayed a suicidal father facing financial ruin on the show.

    Beyonce also made the Emmys list. Her halftime performance during a National Football League game on Netflix was nominated for best live variety special.

    Missing from the field was Netflix’s popular Korean drama, “Squid Game,” while the final season of previous drama winner “The Handmaid’s Tale” received just one nod.

    Winners will be chosen by the roughly 26,000 performers, directors, producers and other members of the Television Academy.

    (Reuters)

  • MIL-OSI Banking: Money Market Operations as on July 15, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 6,06,180.02 5.32 3.00-6.25
         I. Call Money 16,248.43 5.38 4.75-5.50
         II. Triparty Repo 3,95,077.45 5.30 5.15-5.36
         III. Market Repo 1,92,544.59 5.37 3.00-5.65
         IV. Repo in Corporate Bond 2,309.55 5.49 5.46-6.25
    B. Term Segment      
         I. Notice Money** 169.50 5.31 5.05-5.45
         II. Term Money@@ 627.00 – 5.25-5.70
         III. Triparty Repo 1,465.00 5.32 5.30-5.40
         IV. Market Repo 340.12 5.21 3.25-5.50
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Tue, 15/07/2025 3 Fri, 18/07/2025 57,450.00 5.49
    3. MSF# Tue, 15/07/2025 1 Wed, 16/07/2025 869.00 5.75
    4. SDFΔ# Tue, 15/07/2025 1 Wed, 16/07/2025 97,432.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,54,013.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Fri, 11/07/2025 7 Fri, 18/07/2025 1,51,633.00 5.49
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       5,880.78  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,45,752.22  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,99,765.22  
    G. Cash Reserves Position of Scheduled Commercial Banks          
         (i) Cash balances with RBI as on July 15, 2025 9,94,173.57  
         (ii) Average daily cash reserve requirement for the fortnight ending July 25, 2025 9,63,288.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 15, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 27, 2025 5,79,904.00  

    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).

    – Not Applicable / No Transaction.

    ** Relates to uncollateralized transactions of 2 to 14 days tenor.

    @@ Relates to uncollateralized transactions of 15 days to one year tenor.

    $ Includes refinance facilities extended by RBI.

    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/720

    MIL OSI Global Banks –

  • MIL-OSI: Ripple’s XRP Mining Goes Live, PFMCrypto Launches XRP Mining via Cloud Platform—No Hardware, Instant Access

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 15, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem accelerates globally, PFMCrypto proudly launches an innovative leap in decentralized finance: XRP-based smart cloud mining contracts. Now available via web and mobile platforms, these flexible short-term contracts enable users to mine XRP remotely—no equipment, no setup, no technical expertise required. For the first time, everyday users can actively participate in the XRP economy through a seamless, fully integrated platform.

    Visit the PFMCrypto website or download the mobile app to get started today.

    Simple, Smart, and Profitable—XRP Cloud Mining Has Arrived
    Long known for its speed and efficiency in cross-border payments, XRP now steps into the mining arena through PFMCrypto’s latest cloud-based innovation. Users can mine XRP directly, or let the platform’s AI engine optimize returns by switching to the most profitable assets, including BTC, ETH, DOGE, and USDC. Earnings are paid out daily in the crypto of your choice, offering stable returns no matter the market condition.
    Designed for both novice users and experienced investors, PFMCrypto empowers you to generate consistent crypto income from anywhere, at any time.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts:
    1. Complete XRP Integration – Deposit, buy, mine, and withdraw XRP—all within one ecosystem.
    2. Multi-Coin Mining Support – Mine and earn BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
    3. AI-Optimized Profitability – Smart algorithms automatically shift mining resources to top-performing assets.
    4. Fully Remote Mining – No need for mining rigs—accessible anytime via app or browser.
    5. Capital Protection – 100% principal return upon contract maturity helps safeguard your investment.

    Flexible Contracts for Every Budget and Strategy:
    PFMCrypto offers a wide selection of XRP-supported mining contracts, ideal for both short-term testers and long-term planners. Each contract features predictable earnings, clear terms, and built-in capital protection:
    $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    Whether you’re just starting out or building a diversified portfolio, PFMCrypto offers low-risk, high-transparency contracts designed to deliver reliable daily earnings in XRP.

    Click here to explore more mining contracts.

    What Makes PFMCrypto’s XRP Mining Unique?
    1. Truly Accessible – No mining rigs, no technical barriers—just sign up and start earning.
    2. XRP-Native Functionality – Manage your entire XRP experience in one unified platform.
    3. Stable Returns with Smart Allocation – The AI engine ensures optimal returns across supported crypto assets.
    4. Multi-Asset Flexibility – Mine XRP or diversify payouts into BTC, ETH, and others—all from a single contract.
    5. Instant Access, Anywhere – Securely mine from your phone or browser, wherever you are in the world.

    Start in 3 Simple Steps:
    1. Sign Up – Create your account and get a $10 welcome bonus
    2. Choose a Contract – Pick from short or long-term options (1 to 60 days)
    3. Start Earning – Monitor your daily returns and withdraw in your preferred crypto

    Start mining XRP now at: https://pfmcrypto.net 
    Or download the PFMCrypto mobile app for iOS and Android.

    Mining XRP for a Smarter Digital Future:
    Since 2018, PFMCrypto has helped millions of users generate passive crypto income through advanced, cloud-based mining systems. With the addition of XRP mining, the platform now combines institutional-grade infrastructure with user-friendly design, opening up new opportunities for retail investors to earn in XRP or diversify into major digital assets—all through one secure, remote solution.

    “XRP has always been fast, scalable, and efficient,” said a PFMCrypto spokesperson. “Now, it’s mineable—safely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future.”
    Markets fluctuate—but daily mining income stays consistent.

    Join the XRP mining revolution today at: https://pfmcrypto.net 

    The MIL Network –

  • MIL-OSI: Kabosu Launches on Ethereum: A New Meme Token Experiment With Built-In Volatility

    Source: GlobeNewswire (MIL-OSI)

    FRAMINGHAM, Mass., July 15, 2025 (GLOBE NEWSWIRE) — A new experiment in Ethereum’s meme token space has officially launched with Kabosu, a community-driven project aiming to revive playful crypto culture on the world’s largest smart contract platform.

    While Ethereum has often been associated with serious, utility-driven projects, Kabosu brings back the element of fun by introducing a token built around mathematical volatility and community engagement. Its launch arrives at a time when Ethereum’s scalability and reduced transaction fees have made the network more accessible for creative, lightweight token experiments.

    Designed for Volatility, Not Financial Gain

    Kabosu operates using a low-liquidity model that intentionally amplifies price movement. Built on the constant product formula used by most decentralized exchanges (x * y = k), the token’s architecture embraces the inverse-square relationship between token supply and price. This makes for a highly reactive trading environment—where each buy or sell has a significant impact.

    This design isn’t intended for financial speculation or investment advice. Instead, Kabosu presents itself as a tokenized entertainment experience that blends mathematics with internet-native humor. It taps into Ethereum’s open and permissionless structure to provide an experimental playground for users who enjoy unpredictability and community dynamics.

    More Than Just a Token

    According to developers, Kabosu is a project initiated by The Society — a pseudonymous group focused on blockchain experiments at the intersection of math, culture, and decentralized participation.

    “This isn’t about promises or profits. Kabosu is a reflection of Ethereum’s original ethos — a place to build, experiment, and have fun together,” the team shared.

    Technical Information

    • Contract Address: 0xd86571bfb6753c252764c4ae37fd54888774d32e
    • Dextools Pair Explorer: https://kabosu.com/

    About The Society

    The Society is a decentralized collective exploring experimental blockchain use cases. Their work focuses on pushing the boundaries of community interaction and technical design on public ledgers.

    Media Contact:

    Peter Benjamin

    Peter@kabosu.com

    Website: kabosu.com

    Disclaimer: This press release is provided by Kabosu. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

  • MIL-OSI USA: Ernst Calls on Senate to Make DOGE Cuts Permanent

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – After exposing sweeping abuses at the U.S. Agency for International Development (USAID), U.S. Senator Joni Ernst (R-Iowa) spoke on the Senate floor to urge her colleagues to pass President Trump’s rescissions bill to save taxpayer dollars and make Washington squeal.
    From funding fashion week to pickle makers, Ernst cited multiple wasteful USAID projects and taxpayer-subsidized partisan propaganda at National Public Radio (NPR) and Public Broadcasting Service (PBS) that she has uncovered.
    After being stonewalled, Ernst has been leading the fight to combat waste at USAID and sent Secretary of State Marco Rubio a letter detailing her experience with the rogue agency as it misled, lied, and deceived the American people about how their tax dollars are spent. She has continued her work exposing jaw-dropping waste at USAID.
    Last month, Ernst demanded transparency from the Corporation for Public Broadcasting (CPB) over a $1.9 million grant it provided NPR last year.

    Watch Senator Ernst’s full remarks here.
    Ernst’s full remarks:
    “All Americans can take great pride in our nation’s generosity that has saved millions of people around the world from starvation and disease.
    “And, our government agencies coordinating aid efforts should be eager to share details about how their use of taxpayer money makes the world a better place.
    “Yet, over the past decade, USAID repeatedly rebuffed my requests for information, using intimidation and shell games to hide where money is going, how it’s being spent, and why.
    “As a result of my oversight, I learned that the U.S. Agency for International Development, or USAID, is a rogue bureaucracy, operating with little accountability and even, sometimes, at odds with our nation’s best interests.
    “What warranted such secrecy and stonewalling?
    “Here’s just some of USAID’s questionable spending that I uncovered:
    “Money intended to alleviate economic distress in war-torn Ukraine was spent:
    “Sending models and designers on junkets to New York City and Fashion Weeks in Paris and London, at a cost of more than $203,000;
    “$148,000 went to a pickle maker;
    “A dog collar manufacturer fetched $300,000; and
    “A custom carpet manufacturer collected $2 million.
    “Elsewhere, $20 million was awarded to Sesame Workshop, which produces Sesame Street, to create content for Iraq;
    “$2 million went toward promoting tourism to Lebanon, a nation that our very own State Department warns against traveling to due to the risks of terrorism and kidnapping.
    “Yes, folks, $2 million for tourism to Lebanon when we are saying, don’t travel there.
    “$67,000 was spent to feed edible insects to children in Madagascar.
    “Over $800,000 was sent to China’s notorious Wuhan Institute of Virology to collect coronaviruses.
    “What exactly was our international development agency developing at China’s Wuhan Institute of Virology?
    “Well, if the CIA, FBI, and other experts are correct that the COVID virus likely originated from a lab leak, USAID may have had a hand in a once-in-a-century pandemic that claimed the lives of millions.
    “There’s no shortage of other questionable USAID projects, but President Trump is putting an end to this deep state operation.
    “The foreign assistance programs that do advance American interests are now being administered under the watchful eye of Secretary Marco Rubio.
    “This includes projects previously supported by USAID that were caring for orphans and people living with HIV.
    “Imagine how much more good work like this could be done with the dollars that instead financed fashion shows, supported Sesame Street programs in Iraq, or ended up in China’s Wuhan Institute.
    “Overseas projects without merit are being ended and the tax dollars that were paying for them will be refunded if the Senate passes the rescissions bill.
    “It also cancels taxpayer subsidies to public broadcasting.
    “Too often, these programs are partisan propaganda.
    “You don’t have to take my word for it.
    “A National Public Radio senior editor recently confessed ‘It’s true NPR has always had a liberal bent.’
    “He admits the organization has ZERO Republicans in editorial positions.
    “Come on folks, even CNN has Scott Jennings to roast the looney liberal lunatics on that failing network.
    “NPR and PBS have a right to say whatever the heck they want, but they don’t have a right to force hardworking Americans to pay for their political propaganda being masked as a public service.
    “Defunding this nonsense is causing a lot of squealing from the big spenders around here.
    “Washington insiders are more upset at this effort to stop wasteful spending than at the misuse of taxpayer dollars.
    “In fact, saving tax money is such a crazy concept in Washington that Democrats are threatening to shut down the entire government if this bill passes.
    “It says a lot about the other side’s priorities when they’re willing to take hostage funding for veterans and senior citizens to prevent $9 billion in unnecessary waste, fraud, and abuse from being trimmed from our $7 trillion annual budget.
    “The interest that we are paying on our debt alone is costing nearly $3 billion every single day.
    “If we are ever going to get serious about our debt crisis, Congress needs to pass a rescissions bill like this every single week.
    “Folks, the simple truth is if you can’t find waste in Washington, it’s because you simply are not looking.
    “With our national debt now exceeding $37 trillion, the real question we should be asking isn’t ‘why is government spending now being scrutinized?,’ but rather, ‘why did it take so long?’”

    MIL OSI USA News –

  • MIL-OSI USA: Senator Coons statement on President Trump’s decision to allow the export of advanced AI chips to China

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON – U.S. Senator Chris Coons (D-Del.) issued the following statement after the Trump administration announced it would allow Nvidia to resume selling its H20 advanced computer chips to Chinese customers:

    “President Trump’s decision today hands China cutting-edge technology that Beijing will use to erase our competitive advantage in artificial intelligence, undermine our military, and outpace our economy. Thanks to the efforts of the Biden administration and bipartisan work in Congress, the United States was better positioned at the beginning of the year than any other country on the planet to lead the way on artificial intelligence, from chip design to applications. Now, President Trump is throwing that all away, giving China a tool that will strengthen their economy and military, while, just today, China announced it will restrict American access to critical battery technology and equipment we need for our own economy and security. The administration must immediately reverse this harmful decision and take steps to make sure its actions on AI actually match its tough-on-China rhetoric.”

    MIL OSI USA News –

  • MIL-OSI China: ExxonMobil’s landmark chemical complex begins operation in China

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

    This undated aerial file photo shows a view of ExxonMobil’s chemical complex in Huizhou, south China’s Guangdong Province. [Photo/Xinhua]

    Energy giant ExxonMobil on Tuesday began operation of its landmark chemical complex in southern China, the country’s first major petrochemical project wholly owned by a U.S. company.

    The move highlights ExxonMobil’s confidence in the world’s second-largest economy and comes amid China’s ongoing efforts to promote high-standard opening up and attract foreign investment.

    Located in the Daya Bay Petrochemical Industrial Park in Huizhou, Guangdong Province, the first phase of the project consists of a flexible feedstock steam cracker with an annual capacity of 1.6 million tonnes of ethylene, a key building block for plastics and fibers used in a wide range of products like packaging.

    The site also houses production units for high-performance polyethylene and polypropylene.

    Hailing the establishment of this complex as “the latest chapter” in the long story of ExxonMobil’s presence in China, the company’s senior vice president Jack Williams said at the launch ceremony that the project will serve as an anchor for Guangdong to develop a robust petrochemical industry.

    Construction of the Huizhou complex began in April 2020 and involves two phases. Remarkably, the project progressed from negotiations to groundbreaking in just 18 months, a process that typically takes five years.

    Li Xingjun, chairman of ExxonMobil (Huizhou) Chemical Co., Ltd., attributed this rapid progress to Guangdong’s pro-business environment, calling the province “one of the world’s leading manufacturing hubs, with a strong industrial base, comprehensive supply chains, and a high degree of market openness.”

    “The easing of foreign investment restrictions and institutional innovation have created a more transparent, fair and predictable investment environment, which has strengthened our confidence in the Chinese market,” he said.

    Huizhou, a coastal city in southern China, is home to a cluster of major petrochemical companies, including Shell, BASF and Clariant. Within this ecosystem, the Daya Bay Petrochemical Industrial Park has become one of China’s leading refining and chemical production centers, with an annual oil refining capacity of 22 million tonnes and ethylene production capacity of 3.8 million tonnes.

    ExxonMobil’s chemical complex is expected to boost China’s ethylene production capacity and elevate the technological standards of its petrochemical sector, supporting key industries such as electronic chemicals, fine chemicals and biomedicine, said Ji Hongbing, vice president of the Guangdong Petroleum and Chemical Industry Association.

    The launch comes amid China’s ongoing efforts to improve access for foreign investors. The country has twice reduced its negative list for foreign investment since 2021. All restrictions on foreign access to the manufacturing sector have been lifted, and further liberalization has occurred in agriculture and services. Pilot initiatives in healthcare and value-added telecommunications have opened new opportunities for foreign businesses.

    ExxonMobil is among a number of multinational firms investing in China, where GDP grew 5.3 percent year on year in the first half of 2025.

    Earlier this year, Swiss pharmaceutical giant Roche announced a 2.04 billion yuan (about 285 million U.S. dollars) investment in a new biopharmaceutical manufacturing facility in Shanghai’s Pudong New Area, while German chemical company BASF also committed 500 million yuan to expand its Cellasto plant in the city.

    In the first five months of 2025, 24,018 new foreign-invested enterprises were established on the Chinese mainland, up 10.4 percent year on year. 

    MIL OSI China News –

  • MIL-OSI USA: LEADER JEFFRIES ON MSNBC: “REPUBLICANS ARE RUNNING SCARED”

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries appeared on MSNBC’s All In With Chris Hayes where he emphasized that Democrats will continue pushing back on the extremism being unleashed on the American people by the Trump administration and Republicans in Congress.

    CHRIS HAYES: Joining me now is House Democratic Leader, Congressman Hakeem Jeffries of New York. What do you make of all this, Congressman? Like, why are we here and what do you affirmatively want to see happen and the Democratic Caucus want to see happen?

    LEADER JEFFRIES: Well, it’s great to be with you, Chris. At the end of the day, the American people deserve to know the truth, the whole truth and nothing but the truth as it relates to this whole Jeffrey Epstein matter. Donald Trump and his MAGA extremist allies have fanned the flames of this conspiracy theory for years. And so there’s only two options at this point. Either Donald Trump, Pam Bondi and that whole crew have been lying to the American people over the last several years about what is actually in the Jeffrey Epstein files or, alternatively, Donald Trump, Pam Bondi and his allies in the Trump administration are hiding something from the American people right now. So we’re determined to get to the bottom of this on behalf of the American people who deserve transparency from their government.

    CHRIS HAYES: Reporter Annie Karni, who was just on in the last block, said that the line from Republicans on the House today—were talking about appointing a special counsel. I wonder if that’s something that you would support or other Democrats would support.

    LEADER JEFFRIES: It seems to me that a special counsel is just a diversionary tactic. If the files exist, produce them and produce them now to the American people. The Attorney General mentioned a few weeks ago that the files existed. In fact, she said it was on her desk. And so, all she really needs to do at this point is to release it, as Donald Trump promised that he would do. This is also a situation where what we’ve seen from the Trump administration is a government of the billionaires, by the billionaires and for the billionaires. We saw it during Trump’s inauguration. This One Big Ugly Bill was all about hurting everyday Americans to provide massive tax breaks to their billionaire donors. And now what we see is the possibility that there’s a massive coverup taking place within the Trump administration, because there may be people on the Epstein list, within the Epstein files, that Donald Trump is trying to protect, who happen to be part of his billionaire cabal.

    CHRIS HAYES: There’s—I want to talk about the one, the bill, in a second. But there’s something else happening this week in Congress, and it’s very strange. It’s called this rescission package. Basically, it’s clawing back money that’s already been appropriated. It would decimate public broadcasting in this country, including rural NPR affiliates and rural public radio. I know Democrats are opposed to it, but I want to ask about this technique. It seems like they’ve come up with a strange way to like, pass appropriations with a filibuster majority, where they come to Democrats, work out a bipartisan appropriations deal, and then they come back with a 50-vote threshold in the Senate so that they can kind of take back the money they don’t want. And if that’s the case, then, like, how can anyone do an appropriations deal with these people?

    LEADER JEFFRIES: I completely and totally agree. These people cannot be trusted. And why in the world would we ever enter into a bipartisan negotiation to try to arrive at a spending agreement that meets the needs of the American people if Donald Trump and his administration, at the end of the day, conspiring with MAGA extremists in the House, who are nothing more than a Reckless Rubber Stamp for his extreme agenda, decide that after passing into law a bipartisan spending agreement, they’re just going to come back through this rescission mechanism and undo the parts of that agreement that they don’t like because they want to hurt priorities that are important to Democrats because they’re important to the American people.

    CHRIS HAYES: Have you talked to Senator Schumer? Because ultimately, you know, we avoided a shutdown. Senator said, look, we had to avoid a shutdown. There was a bipartisan spending line set. You in the House took a different tact, but if they do this rescission package, I just can’t. I mean, how could there be some deal in September if they’re just going to do this? Like, have you talked about this with him?

    LEADER JEFFRIES: Yeah. And in fact, I think Senator Schumer has made some public statements in this regard, that if they are going to take this approach, it will detonate the possibility of arriving at any bipartisan agreement because we can’t trust that these extremists are operating in good faith. And we’re going to have to do something about this particular vehicle that is being used around rescission, which is a part of the 1974 Budget Control and Impoundment Act, because it’s a backdoor to undermining actual bipartisan agreements.

    CHRIS HAYES: I mean, at the same time, their position is that another part of that Act is totally unconstitutional, and they can impound funds unilaterally. But we’ll put that part aside. On the huge bill that they just passed, I saw Josh Hawley talking about introducing legislation in the Senate to stop Medicaid cuts, having voted for Medicaid cuts—enormous, unprecedented, hundreds of billions of dollars in Medicaid cuts, talking about how bad Medicaid cuts are, voting for it, now wanting to go back at Medicaid cuts. Would Democrats support some kind of, like, let’s go back and take the Medicaid cuts legislation?

    LEADER JEFFRIES: I mean, Josh Hawley is a complete and total phony at this point. He spent the last few months talking about how devastating these Medicaid cuts would be for the people that he represents in Missouri, and then turned around and actually voted for it. If he wanted to do something about these Medicaid cuts, he actually was the deciding vote, and he could have stopped it, just like Lisa Murkowski could have stopped it. We saw the same thing in the House of Representatives, where many of these so-called moderates who spent months saying they would never vote to cut Medicaid benefits to their constituents, and then they turned around and did exactly that. We’re going to have to get this situation addressed, but we have no faith that Republicans are actually committed to doing it in good faith. This is going to fall to Democrats in the House and the Senate. It’s one of the reasons why the midterm elections are going to be so important.

    CHRIS HAYES: Two quick questions for you before I let you go. One is there’s an announcement that Texas is going to do mid-decade redistricting. They did this under the Bush administration. It’s a violation of the normal norms because they want to, like, juice Republican representation. And they’re going to call a special session. Is there anything Democratic governors can do in large states like New York and California to respond to this?

    LEADER JEFFRIES: Republicans are running scared. This is outrageous, that they’re going to attempt to rig the midterm elections by gerrymandering a congressional map in Texas that is already gerrymandered, Chris.

    CHRIS HAYES: Yes it is.

    LEADER JEFFRIES: And so, what’s interesting about this is that this may be what has often been referred to as a dummymander, where as part of the effort to actually steal some more seats, they may make it easier for us because they’re going to shift Democrats into Republican held districts to actually flip some seats currently held by Republican incumbents. In terms of the Governor of California, who has been very vocal on this, and the Governor of New York and other states, it seems to me that all options should be on the table to make sure that we are unilaterally disarming when everything we care about, the economy and healthcare and democracy itself are at stake.

    CHRIS HAYES: Final question quickly. You’re meeting with Zohran Mamdani. You have not endorsed him yet. What do you say to people who say, why are you not endorsing the guy that won the Democratic primary in a contested election in your backyard?

    LEADER JEFFRIES: Well, I look forward to sitting down and talking to him. I didn’t get involved in that primary election, and I don’t know him well. We had a very good conversation the day after the primary. We agreed to meet. And so, I’m looking forward to having that discussion on Friday.

    CHRIS HAYES: Democratic Leader Hakeem Jeffries, thank you very much. Appreciate it.

    Full interview can be watched here.

    ###

    MIL OSI USA News –

  • MIL-OSI New Zealand: SH76 Brougham Street construction begins

    Source: New Zealand Government

    Work is set to start on major upgrades to State Highway 76 (SH76) Brougham Street in Christchurch that will support economic growth and make it safer and easier for people to move through the city, Transport Minister Chris Bishop says.

    “Earlier this year the Government confirmed Crown funding for this Road of Regional Significance, and being in Christchurch to turn the first sod today is an exciting step forward,” Mr Bishop says.

    “Congestion and safety on SH76 Brougham Street have been issues of concern for Christchurch for some time now. Projects like this one are being prioritised by this Government because they’ll significantly improve how people, vehicles and freight get from A to B, and because of the flow-on productivity benefits to the wider roading network and our economy.

    “SH76 Brougham Street is one of Christchurch’s busiest streets. It carries more than 45,000 vehicles per day, and it also serves as the main freight route to the South Island’s largest port at Lyttelton. 

    “There are also several schools and a retirement home close by, so the first stage of the project will focus on a new pedestrian and cycle bridge over Brougham Street at Collins Street and Simeon Street. This bridge will provide a safe crossing for kids getting to and from school, and for people with impaired mobility.

    “Fulton Hogan will deliver the first stage of the project, with the bridge expected to be completed in about two years. 

    “The second stage of the upgrades will include improved traffic signals, T2 lanes (for vehicles with two or more occupants), new signalised crossings, and a shared path along the south side of Brougham Street. 

    “The Brougham Street upgrades are great example of the Government’s drive to deliver transport projects that will make a real difference for New Zealanders.”

    Notes to editors:

    • Cabinet has confirmed funding for the SH76 Brougham Street upgrades to be a drawn down from the tagged contingency set aside in Budget 2024 to enable NZTA to bring forward priority projects that would otherwise be phased to begin from 2027 onwards.
    • Further detail about the planned SH76 upgrades can be viewed at: https://www.nzta.govt.nz/projects/sh76-brougham-street-upgrade/  

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: Leading Mainland sports drinks brand uses Hong Kong as regional headquarters to go global (with photos)

    Source: Hong Kong Government special administrative region

    Invest Hong Kong (InvestHK) announced today (July 16) that a renowned Mainland sports drinks brand, Jianlibao, has chosen Hong Kong as its regional headquarters, leveraging the city’s role as an international business hub and a gateway to overseas markets to expand globally.

    Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau welcomed Jianlibao’s decision. He said, “We are happy to see that Jianlibao has established its regional headquarters in Hong Kong. It not only highlights the city’s unique advantages as a global business hub but also reinforces our position as a preferred destination for Mainland enterprises looking to expand internationally. Hong Kong has a sound legal system, world-class infrastructure and a vibrant business environment, which are conducive to Jianlibao’s strategy of expanding its global business.”

    Jianlibao has been actively expanding its business in Hong Kong since its establishment in the city in 2024. The company has recently installed over 50 vending machines across various districts, including Central, Tai Po, and Hung Hom, making its healthy beverages easily accessible to visiting tourists, local families, and transit passengers. The company also supports local sports initiatives by sponsoring local sports team and events.

    The Vice Chairman of Jianlibao Group, Mr Yeung Wan-chung, said the decision to set up its regional headquarters in Hong Kong is a strategic move by the company to expand its global footprint. He said, “We chose Hong Kong as our regional headquarters because of its unparalleled access to international markets and its reputation as a global financial and logistics hub.”

    The Director of Jianlibao Asia, Mr Larry Yeung, explained, “Hong Kong’s strategic location, coupled with its dynamic business environment, provides us with an ideal platform to accelerate our global expansion. We are confident that this move will enable us to reach new markets and strengthen our brand presence worldwide.”

    He added, “We plan to launch a new product series in Hong Kong to increase our exposure in the market. We are now actively preparing to enter the Southeast Asian market, with Indonesia, Malaysia and Vietnam as the first stops, and to expand our business to Australia, Canada and the United States to enhance our market presence.”

    For more information about Jianlibao, please visit www.jianlibao.com.cn.

    For a copy of the photos, please visit: www.flickr.com/photos/investhk/albums/72177720327571249.

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: G20 Finance Ministers and Central Bank Governors meetings

    Source: Australian Parliamentary Secretary to the Minister for Industry

    This week I will join international counterparts for the G20 Finance Ministers and Central Bank Governors meetings in Durban, South Africa.

    There could not be a more important time for G20 nations to work together and for Australia to be part of that collective effort.

    Australia is a big believer in these multinational opportunities and a big beneficiary of global economic cooperation and free and open markets.

    We engage enthusiastically with the world in the interests of Australian workers, industries and our economy.

    Subdued global growth, extreme uncertainty and fragmentation demands more engagement, more collaboration and more resilience and that’s what guides our strategy.

    Together we are navigating a world where volatility, uncertainty and unpredictability are now the norm, not the exception.

    Conflict in the Middle East and Eastern Europe and escalating trade tensions pose substantial threats to the international economic outlook.

    My priorities at these meetings are strengthening ties, bolstering supply chains and capital flows, and making the most of the global net zero opportunity.

    I will also engage with G7+ countries on critical minerals, and meet individually with six of my international counterparts, including:

    • Indonesian Minister of Finance Sri Mulyani Indrawati
    • Japanese Finance Minister Katsunobu Katō
    • Canadian Minister of Finance François‑Philippe Champagne (our first in‑person meeting after a productive phone call last month)
    • United Kingdom Chancellor of the Exchequer Rachel Reeves
    • South African Minister of Finance Enoch Godongwana
    • German Vice‑Chancellor and Minister of Finance Lars Klingbeil (our first meeting)

    The Australian economy is not immune from global uncertainty but we are well‑placed and well‑prepared to face the challenges ahead.

    Inflation has moderated in a substantial and sustained way, unemployment remains near historic lows, real wages are growing again, and we’ve delivered the biggest nominal budget turnaround in our history.

    Last year, Australia was one of only two G20 nations to achieve the trifecta of continuous growth, inflation with a 2 in front of it and unemployment in the low 4s.

    Under Labor, our budget position has gone from the fifth‑weakest to the fifth‑strongest among G20 nations and our debt is now the fifth‑lowest.

    Our international engagement recognises that the global economic environment will be the main factor shaping the choices we make in our second term of government.

    These meetings will provide important perspectives on the global outlook and help us to make further progress at home and with our key international partners.

    MIL OSI News –