NewzIntel.com

Category: Economy

  • MIL-OSI: Bitwise strengthens European crypto research team with appointment of Max Shannon

    Source: GlobeNewswire (MIL-OSI)

     

     

    • Nomination reflects Bitwise’s continued commitment to research and education
    • Shannon has strong background in token analysis, data-driven research
    • Bitwise publishes a wide range of research seeking to facilitate investor access to rapidly growing digital finance asset class

    10 July 2025. London: Bitwise is pleased to announce the appointment of Max Shannon as Senior Research Associate within its European research team. The move reinforces Bitwise’s ongoing commitment to research and investor education, aimed at making crypto assets more widely accessible to the investment community and support its suite of German domiciled crypto exchange traded products (ETPs), which includes single asset strategies such as Bitcoin, Ethereum and Solana, diversified crypto baskets, and index-based staking ETPs.

    Shannon brings a strong background in token analysis, crypto equities, and data-driven research, and will play a key role in expanding Bitwise’s thought leadership in crypto investing.

    Prior to joining Bitwise, Shannon served as a Crypto & Equity Research Analyst at CoinShares, where he specialized in liquid tokens and publicly listed crypto-related companies. His expertise in Python programming and his hands-on experience analyzing large financial datasets make him a strong fit for Bitwise’s data-centric research approach.

    In his new role, Shannon will report directly to Dr. André Dragosch, Head of Research, Europe at Bitwise, who said: Max’s dual strengths in granular token evaluation and quantitative data analysis align perfectly with our commitment to rigorous, research-first investment strategies. His appointment further strengthens our capabilities in altcoin research and underscores our dedication to delivering institutional-grade insights to our European clients and the investment community.”

    Shannon said: “I’m excited to join such a dynamic and innovative firm as Bitwise, and to work alongside a team of true crypto experts. Being part of a company that places research and investor education at the core of its mission is a unique opportunity for me, and I look forward to contributing to the continued expansion of that vision.”

    Bitwise made its debut on the European market on 18 June 2020, and its portfolio of products has expanded rapidly since then. Its products are designed to integrate seamlessly into traditional portfolios, offering exposure to crypto assets through regulated vehicles— without the operational risks of holding a physical wallet. Based on the country of residence and other applicable local requirements, some of the current offerings may be suitable to individual investors and available via leading brokerage platforms, with features such as physical redemption included as standard. Bitwise publishes regular freely available analysis on the latest developments in the crypto sector, including a weekly commentary, special reports and deep dives on specific topics. Examples are the weekly Crypto Market Compass, the monthly Bitcoin Macro Investor report and the Crypto Market Espresso, an ad-hoc publication focused on market-relevant crypto news and timely insights. Register here or follow our Linkedin newsletter if you’d like to be notified by email when new market commentary and research updates become available. All research is available on the insights section at bitwiseinvestments.eu.

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence, managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past five years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit http://www.bitwiseinvestments.eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information  
    The information contained in this press release is for information purposes only and does not constitute investment advice, opinions are those of Bitwise and do not constitute an offer or solicitation to buy any financial products or cryptocurrencies. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that certain products may not be available in all jurisdictions or may be offered exclusively to professional or qualified investors, as defined under applicable laws and regulations, including MiFID II (EU), the Financial Services and Markets Act (UK), and the Swiss Financial Services Act (FinSA). Investors should consult their legal or financial advisors for guidance before making any financial decision. For more details, please visit our website or contact us directly via europe@bitwiseinvesmtents.com

    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:  
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. Diversification does not guarantee a profit or protect against a loss. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.  Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks. 

    The MIL Network –

  • MIL-OSI Europe: Netherlands pledges €300 million for reconstruction and economic recovery of Ukraine

    Source: Government of the Netherlands

    News item | 10-07-2025 | 09:43

    On Thursday the Netherlands pledged €300 million for the reconstruction and recovery of Ukraine in 2025 and 2026. Minister of Foreign Affairs Caspar Veldkamp announced the support at the Ukraine Recovery Conference (URC) in Rome, in which he and Dutch prime minister Dick Schoof are participating. The URC is an annual international event dedicated to the recovery and reconstruction of Ukraine.

    The foreign minister also announced that €30 million of this sum will be earmarked to help Dutch businesses and organisations to set up projects that contribute to Ukraine’s reconstruction and sustainable recovery through the Ukraine Partnership Facility (UPF) grant programme. Mr Veldkamp had already said that €52 million of the Dutch contribution would be spent on repairing Ukraine’s energy infrastructure and drinking water supplies in 2025.

    In addition, the Netherlands is donating €4 million for the construction of a new wing at the children’s hospital in Lviv, to be carried out in partnership with the Princess Máxima Center for paediatric oncology in Utrecht.

    These amounts are part of the funds that the government had already set aside for non-military support to Ukraine in 2025 and 2026. The support amounts to €252 million per year, which adds up to more than €500 million in total. The details of how the first €200 million would be spent had already been announced. Now the purpose of the remaining amounts has also been determined. 

    ‘Russia isn’t just trying to bring Ukraine’s armed forces to their knees, but for more than three years has also been attempting to destroy Ukraine’s society and economy through continuous attacks, for instance on energy infrastructure, water supplies and grain storage facilities, as well as houses and apartments. It is therefore important that the international community supports Ukraine not only with arms, but also with financial, economic and social assistance. Ukraine’s economy and society must be kept running because that will help the country in its struggle. It is, as it were, another front line. Our financial and economic support is also intended to help the recovery process run more smoothly and to keep the costs of reconstruction down,’ said Mr Veldkamp. 

    Ukraine Partnership Facility

    At the conference, Mr Veldkamp and Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, will sign a cooperation agreement on the extension of the UPF grant programme established in 2023 to help Dutch businesses and organisations working on projects in the fields of agrofood, sustainable energy, healthcare, water and circular construction that will benefit Ukraine’s recovery and reconstruction. The Netherlands and Ukraine will collaborate to ensure that the selected projects meet Ukraine’s needs to the greatest extent possible. 

    €20 million to boost Ukraine’s cyber resilience

    One of the topics discussed at the conference will be efforts to boost Ukraine’s cyber resilience. The Netherlands had already announced it was setting aside €10 million per year for 2025 and 2026 to assist Ukraine in this area. The cyber threat posed to Ukraine by Russia has never been greater, as cyber attacks are an integral part of Russia’s war effort. The funding may for example be used to increase the cyber resilience of critical sectors such as energy and transport.

    MIL OSI Europe News –

  • MIL-OSI Europe: Netherlands pledges €300 million for reconstruction and economic recovery of Ukraine

    Source: Government of the Netherlands

    News item | 10-07-2025 | 09:43

    On Thursday the Netherlands pledged €300 million for the reconstruction and recovery of Ukraine in 2025 and 2026. Minister of Foreign Affairs Caspar Veldkamp announced the support at the Ukraine Recovery Conference (URC) in Rome, in which he and Dutch prime minister Dick Schoof are participating. The URC is an annual international event dedicated to the recovery and reconstruction of Ukraine.

    The foreign minister also announced that €30 million of this sum will be earmarked to help Dutch businesses and organisations to set up projects that contribute to Ukraine’s reconstruction and sustainable recovery through the Ukraine Partnership Facility (UPF) grant programme. Mr Veldkamp had already said that €52 million of the Dutch contribution would be spent on repairing Ukraine’s energy infrastructure and drinking water supplies in 2025.

    In addition, the Netherlands is donating €4 million for the construction of a new wing at the children’s hospital in Lviv, to be carried out in partnership with the Princess Máxima Center for paediatric oncology in Utrecht.

    These amounts are part of the funds that the government had already set aside for non-military support to Ukraine in 2025 and 2026. The support amounts to €252 million per year, which adds up to more than €500 million in total. The details of how the first €200 million would be spent had already been announced. Now the purpose of the remaining amounts has also been determined. 

    ‘Russia isn’t just trying to bring Ukraine’s armed forces to their knees, but for more than three years has also been attempting to destroy Ukraine’s society and economy through continuous attacks, for instance on energy infrastructure, water supplies and grain storage facilities, as well as houses and apartments. It is therefore important that the international community supports Ukraine not only with arms, but also with financial, economic and social assistance. Ukraine’s economy and society must be kept running because that will help the country in its struggle. It is, as it were, another front line. Our financial and economic support is also intended to help the recovery process run more smoothly and to keep the costs of reconstruction down,’ said Mr Veldkamp. 

    Ukraine Partnership Facility

    At the conference, Mr Veldkamp and Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, will sign a cooperation agreement on the extension of the UPF grant programme established in 2023 to help Dutch businesses and organisations working on projects in the fields of agrofood, sustainable energy, healthcare, water and circular construction that will benefit Ukraine’s recovery and reconstruction. The Netherlands and Ukraine will collaborate to ensure that the selected projects meet Ukraine’s needs to the greatest extent possible. 

    €20 million to boost Ukraine’s cyber resilience

    One of the topics discussed at the conference will be efforts to boost Ukraine’s cyber resilience. The Netherlands had already announced it was setting aside €10 million per year for 2025 and 2026 to assist Ukraine in this area. The cyber threat posed to Ukraine by Russia has never been greater, as cyber attacks are an integral part of Russia’s war effort. The funding may for example be used to increase the cyber resilience of critical sectors such as energy and transport.

    MIL OSI Europe News –

  • MIL-OSI Africa: Committee on Planning, Monitoring and Evaluation Expresses Alarm Over Centralisation Risks of National State Enterprises Bill

    Source: APO


    .

    The Portfolio Committee on Planning, Monitoring and Evaluation has expressed significant concerns regarding the centralisation of state-owned entities (SOEs) as outlined in the National State Enterprises Bill (B1-2024).

    During a meeting on Wednesday, the committee received a briefing from the National Treasury (NT) and the Financial Fiscal Commission (FFC) on the Bill, which aims to develop a strategic approach to enhancing the governance and operational efficiency of SOEs. National Treasury highlighted critical issues, particularly the proposed non-application of the Public Finance Management Act (PFMA) to the holding company and its subsidiaries, which could undermine transparency and accountability in financial management. NT cautioned that the centralisation model poses risks, such as increased political interference and the potential for state capture, emphasising the importance of ensuring that SOEs remain financially sustainable without undue reliance on public funds.

    In its presentation, the FFC stated that it does not support the Bill in its current form, noting that it fails to address longstanding governance concerns experienced over the past 30 years. The FFC recommended that the holding company be established within the National Treasury’s budget baseline, in accordance with Sections 213 and 216 of the Constitution.

    During the questioning phase, committee members raised significant concerns about the centralisation issues presented in the Bill. They argued that a centralised model could lead to a lack of transparency and accountability, making it more vulnerable to corruption and political interference. Members highlighted that consolidating oversight of SOEs under a single holding company might exacerbate existing vulnerabilities rather than mitigate them, potentially creating an environment where decision-making becomes opaque and less subject to scrutiny. Additionally, there were worries that centralisation could undermine the transformative goals for SOEs, distancing them from the necessary checks and balances that ensure equitable governance and public accountability.

    The committee members expressed a strong sentiment that the Bill, as it stands, does not adequately protect the interests of the public or ensure the effective functioning of SOEs. Members highlighted the importance of maintaining robust oversight mechanisms to prevent the erosion of accountability, particularly given the historical context of governance challenges within SOEs. Members voiced their commitment to ensuring that any legislative framework promotes transparency and fosters public trust, arguing that the proposed centralisation could lead to a concentration of power that is detrimental to democratic principles.

    While National Treasury did not explicitly call for the Bill to be withdrawn in its current form, it acknowledged the necessity for reworking the legislation. The committee flagged the risk that the holding company could be controlled by multinational corporations, raising concerns that Parliament might enact a law that leaves the state powerless in managing public funds effectively. Members articulated a shared apprehension that the proposed changes could inadvertently enable the very issues the Bill seeks to address, further complicating the governance landscape for SOEs.

    The committee also raised alarms about the fiscal risks associated with establishing the holding company, particularly the significant funding requirement of R615 million. Members expressed scepticism regarding the feasibility of the innovative funding mechanisms proposed. Furthermore, committee members indicated that the Department of Planning, Monitoring, and Evaluation (DPME) appears to be circumventing the public procurement process, suggesting that the DPME’s approach could remove SOEs from the public procurement environment altogether.

    In response to the FFC’s presentation, the committee welcomed their directness, contrasting it with the more diplomatic approach taken by National Treasury. Following a robust engagement among committee members regarding the next steps for the Bill, there was a prevailing view to pause its progress in light of the presentations received. The committee resolved to seek further guidance and legal advice, as there was overwhelming sentiment among members to halt the process, despite the Bill already being before the committee.

    Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: UK and Japan sign investment partnership to drive economic growth

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK and Japan sign investment partnership to drive economic growth

    New partnership paves way for increased UK investment into Japan, supporting Prime Minister Ishiba’s ambitious foreign investment targets.

    UK-Japan Investment MoC July 2025

    ODT, 14.4 KB

    This file is in an OpenDocument format

    The UK and Japan yesterday signed a Memorandum of Cooperation (MoC) aimed at enabling increased UK investment into Japan, further strengthening the economic ties between the two nations.

    The agreement was signed at the British Embassy in Tokyo by Baroness Poppy Gustafsson of Chesterton CBE, UK Minister for Investment, and Mr. Seto Takakazu, State Minister of the Cabinet Office of Japan, who played an important role in compiling the ‘Program for Promotion of Foreign Direct Investment in Japan 2025’ last month.

    This strategic partnership establishes a formal framework for collaboration to accelerate UK investment into Japan, supporting Prime Minister Ishiba’s ambitious target of more than doubling Japan’s foreign direct investment stocks to JPY120 trillion (approximately £600 billion) in 2030.

     Minister for Investment Baroness Poppy Gustafsson CBE said:

    The UK and Japan share a deep and enduring partnership that is committed to mutual prosperity and growth. That’s why I’m delighted to sign this new partnership with Japan – capitalising on the major opportunities for UK businesses to bring their innovative offers to Japan and grow in the Japanese economy.

    Key growth sectors with strong potential for increased UK investment include clean energy, digital transformation, biotechnology and healthcare, alongside enabling sectors such as legal, professional and financial services.

    This aligns with the UK’s new Industrial Strategy, which sets out plans to transform the UK’s clean energy, digital and technologies, and life sciences sectors over the next decade – providing businesses with the stability and certainty to make long-term investment decisions in the UK.

    The MoC builds upon the foundation of the enhanced global strategic partnership outlined in the Hiroshima Accord of May 2023 and complements existing frameworks such as the UK-Japan Comprehensive Economic Partnership Agreement (CEPA) and both nations’ membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

    To mark the occasion, the British Embassy in Tokyo has launched “Expand in Japan” – an initiative to champion and support UK investors seeking opportunities in the Japanese market. Companies can register their interest here.

    The signing comes as the Minister for Investment Poppy Gustafsson is in Tokyo to meet with key Japanese investors and government partners.

    It also follows the UK’s recent National Day celebration at Expo 2025 Osaka, where the UK Pavilion, themed “Come Build the Future,” has been showcasing Britain as a global hub of innovation.

    Nearly 1,000 Japanese companies have already established operations in the UK, with £87 billion in investment stock. This new agreement aims to strengthen reciprocal investment flows, supporting both nations’ economic growth and security objectives.

    Richard Lyle, President of the British Chamber of Commerce in Japan, said:

    We welcome this close partnership which enables UK companies to invest, innovate, and drive growth in Japan – this is a strong signal of Japan’s openness to high-quality investment. UK companies in Japan already create high-quality jobs across the country, develop deep partnerships, and offer world-leading products, services and solutions to multiple sectors in the market.

    We will continue to work with the UK and Japanese governments to enable further UK investment into Japan. As a membership organisation supporting British companies in the Japanese market, we look forward to seeing more companies doing business here.

    Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific, said:

    This new partnership with the Japanese Government is about turning ambition into action – unlocking opportunities for UK businesses in key sectors aligned with our Industrial Strategy – and building mutual prosperity with Japan. I look forward to the collaboration, innovation, and growth that will emerge following today’s signing.

    Notes to Editors:

    • The UK-Japan relationship has been strengthened through multiple agreements including the 2023 Hiroshima Accord, a bilateral free trade agreement in 2020, UK’s accession to CPTPP in 2024, and the launch of the Economic 2+2 in 2025.
    • This agreement supports both the UK’s Modern Industrial Strategy and Japan’s Program for Promotion of Foreign Direct Investment.
    • For further information, please contact: British Embassy Tokyo at media.tokyo@fcdo.gov.uk

    Updates to this page

    Published 10 July 2025

    MIL OSI United Kingdom –

  • Agri exports can rise to ₹20 lakh crore with focus on processing and branding: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    Union Minister of Commerce and Industry Piyush Goyal on Wednesday addressing the ICC: Krishi Vikram thematic session in New Delhi, said that India’s agriculture and fisheries exports have reached ₹4.5 lakh crore and hold the potential to scale up to ₹20 lakh crore. The key to unlocking this potential, he said, lies in strengthening food processing, branding, and packaging standards.

    Highlighting India’s expanding footprint in global agri-markets, the Minister noted that newer items such as jamun, litchi, pineapple, and bottle gourd are now being exported. He cited recent shipments of jamun to the UK and litchis from Punjab to Doha and Dubai as signs of growing international demand for Indian produce. India’s export presence is increasing notably in Gulf nations like the UAE and Saudi Arabia.

    Shri Goyal praised Prime Minister Narendra Modi’s global advocacy of millets through the International Year of Millets, which brought international attention to India’s traditional grains and their health benefits.

    He stressed the importance of building resilient agricultural supply chains, including inputs like seeds, fertilisers, pesticides, and essential equipment. India, he said, must ensure self-reliance in agricultural inputs to buffer against global disruptions.

    A major focus of Shri Goyal’s address was on the adoption of drip irrigation, which he described as a game changer for Indian agriculture. He called for scaling up water conservation methods and turning them into a mass movement. Establishing small water bodies at the village level and widely adopting drip irrigation, he said, would make Indian agriculture more climate-resilient and export-ready by improving crop predictability and yield.

    To further support this transformation, the Minister recommended replacing outdated water pumps with energy-efficient smart pumps that can be remotely operated via mobile phones and provide real-time data on water usage. When used alongside drip systems, such pumps reduce water wastage, prevent crop damage from over-irrigation, and lower input costs.

    Encouraging agri-entrepreneurs to partner with farmers, Shri Goyal pointed to recent developments like the creation of the Turmeric Board to boost spice exports. He also noted that coffee exports have doubled, and spice exports continue to rise. However, he emphasised the need for more targeted efforts to scale India’s global presence in these sectors.

    He further spoke about the growing potential of natural and organic farming. To enhance credibility in the global market, the government is tightening certification norms using blockchain technology to ensure transparency and traceability. Additionally, it will support innovative packaging and design, helping Indian agri-products compete effectively in global markets.

    Shri Goyal stressed that when farmers, industries, and exporters collaborate, challenges can be resolved faster. The government, he said, will continue to provide support for packaging and design innovation as a means to boost exports.

    Reflecting on India’s agricultural transformation, the Minister said the journey has been both challenging and inspiring. He attributed the nation’s growing self-reliance in agriculture to the richness of Indian soil, the relentless efforts of farmers, and consistent government support. Citing the evolution from Lal Bahadur Shastri’s “Jai Jawan, Jai Kisan” to Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat, he reiterated that agriculture has always been a national priority.

    He reaffirmed the government’s commitment to enhancing farmers’ income and productivity. Under PM-Kisan Yojana, financial support is being provided directly to farmers. The government has also absorbed rising fertiliser prices by increasing subsidies.

    Goyal shared that 1,400 mandis have been integrated with the e-NAM platform to enable transparent price discovery, while Farmer Producer Organisations (FPOs) are helping improve access to mechanisation. A ₹1 lakh crore Agriculture Infrastructure Fund is aiding the development of rural agri-infrastructure.

    He also discussed the Drone Didi initiative, under which 1.5 lakh women have been trained to operate drones for fertiliser spraying. The government is promoting intercropping, horticulture, and floriculture, and is encouraging entrepreneurs to study and adopt international best practices to drive innovation in Indian farming.

  • MIL-OSI: Bitget Hosts Public Token Sale for pump.fun (PUMP)

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 10, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has launched a public token sale for pump.fun (PUMP), the native token of the viral Solana-based memecoin platform pump.fun.

    The sale opens on July 10, 2025, at 10:00 (UTC) and runs for 24 hours, closing on July 11 at 10:00 (UTC). With a fixed swap price of $0.004 per token, participants can subscribe using USDT and USDC, with individual contributions ranging from 5 to 1,000,000 coins. A total of 150 billion PUMP tokens will be available for sale, representing a $600 million total subscription quota from a total supply of 1 trillion tokens.

    The PUMP token fuels the pump.fun platform, which has become a creative hub for memecoin launches and community experimentation on Solana. The token’s introduction marks a new chapter in enabling crypto-native meme culture and grassroots innovation. Following the token sale, trading for PUMP/USDT will go live on Bitget Spot on July 11 at 12:00 (UTC).

    PUMP is the native utility token of the Pump.Fun platform, which includes the pump.fun launchpad and the swap.pump.fun automated market maker (AMM) protocol. While the platform remains fully permissionless and does not require the token for access, PUMP may be used in promotional activities and future utilities tied to the Pump.Fun ecosystem.

    Bitget continues to expand its footprint in the spot crypto market. With a 24-hour trading volume of over 3.56 billion USDT, Bitget ranks as the third-largest spot exchange, according to Coingecko. The platform supports about 700 tokens, and has previously hosted high-profile token sales, including The WalletConnect Network, Jambo, and Fuel Ignition.

    For more details, visit the official announcement.

    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 at the forefront of 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.

    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/21450d7f-47de-4b29-b35a-388ccd53b022

    The MIL Network –

  • Rubio makes first visit to Asia as Trump tariffs loom

    Source: Government of India

    Source: Government of India (4)

    U.S. Secretary of State Marco Rubio will meet with Southeast Asian counterparts on Thursday in his first visit to Asia since taking office, and will try to reassure them the region is a priority for Washington, even as President Donald Trump targets it in his global tariff offensive.

    Washington’s top diplomat will meet foreign ministers of the 10-member Association of Southeast Asian Nations gathered in Kuala Lumpur, and also hold talks with Russian Foreign Minister Sergei Lavrov who is in the Malaysian capital, according to the U.S. State Department.

    Rubio’s trip is part of an effort to renew U.S. focus on the Indo-Pacific and look beyond the conflicts in the Middle East and Europe that have consumed much of the Trump administration’s attention, with Rubio balancing dual responsibilities as secretary of state and national security adviser.

    However, Trump’s global tariff strategy is likely to cast a shadow over the trip, after the president announced steep tariffs to take effect on August 1 on six ASEAN members, including Malaysia, as well as on close Northeast Asian allies Japan and South Korea.

    Rubio will nevertheless seek to firm up U.S. relationships with partners and allies, who have been unnerved by the tariffs, and is likely to press the case that the United States remains a better partner than China, Washington’s main strategic rival, experts said.

    “This is significant, and it’s an effort to try to counter that Chinese diplomatic and economic offensive,” said Victor Cha, president of the geopolitics and foreign policy department at Washington’s Center for Strategic and International Studies.

    Rubio will also meet with Lavrov later on Thursday, according to the U.S. State Department schedule. It would be the second in-person meeting between Rubio and Lavrov, and comes at a time when Trump has grown increasingly frustrated with Russian President Vladimir Putin as the war in Ukraine drags on.

    China’s Foreign Minister Wang Yi is also expected to join talks from Thursday, but it was unclear if Rubio would meet with him.

    ‘BETTER LATE THAN NEVER’

    A senior U.S. State Department official told reporters on Monday that among Rubio’s priorities on the trip was reaffirming Washington’s commitment to the region, not just for its sake but because it promotes American prosperity and security.

    “It’s kind of late, because we’re seven months into the administration,” Cha said of Rubio’s trip. “Usually, these happen much sooner. But then again, it is extraordinary circumstances. But I guess better late than never.”

    Security cooperation is a top priority, including the strategic South China Sea, and combating transnational crime, narcotics, scam centers, and trafficking in persons, said the State Department official, speaking on the condition of anonymity.

    As well as their unease about Trump’s tariff policies, many in the Indo-Pacific have doubts about the willingness of his “America First” administration to fully engage diplomatically and economically with the region.

    Trump said this week he would impose a 25% tariff on Japan and South Korea and also took aim at ASEAN nations, announcing a 25% levy on Malaysia, 32% on Indonesia, 36% on Cambodia and Thailand, and 40% on Laos and Myanmar.

    Trump has also upset another key Indo-Pacific ally, Australia, which said on Wednesday it was “urgently seeking more detail” on his threat to raise tariffs to 200% on pharmaceutical imports.

    According to a draft joint communique seen by Reuters, ASEAN foreign ministers will express “concern over rising global trade tensions and growing uncertainties in the international economic landscape, particularly the unilateral actions relating to tariffs.”

    The draft, dated Monday, before the latest U.S. tariff rates were announced, did not mention the United States and used language similar to an ASEAN leaders’ statement in May. Both said tariffs were “counterproductive and risk exacerbating global economic fragmentation.”

    The State Department official said Rubio would be prepared to discuss trade and reiterate that the need to rebalance U.S. trade relationships is significant.

    The export-reliant ASEAN is collectively the world’s fifth-biggest economy, with some members beneficiaries of supply chain realignments from China. Only Vietnam has secured a deal with Trump, which lowers the levy to 20% from 46% initially.

    (Reuters)

  • MIL-OSI Russia: Polytechnic University Endowment Fund is Growing: Fundraising for Endowment Capital of Two More Institutes Opened

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The SPbPU Endowment Fund has opened a fundraising campaign to form two new target capitals. The initiative to create them was put forward by the directorates of the Civil Engineering Institute and the Institute of Power Engineering.

    The creation of the Electromekh and Energomash and Engineering and Construction capitals will be officially announced after each of them accumulates funds in the amount of more than 3 million rubles, which will be sent to the management companies. Currently, the Polytechnic Endowment has six target capitals, and three more are being formed. The total volume of the fund’s funds by January 2025 exceeded 111 million rubles.

    Let us recall that the Endowment Fund is never spent, its funds are invested in liquid financial instruments, and the income from the endowment capital is annually directed to scientific, educational and social projects, including support for students, postgraduates, teachers and their projects, improvement of living conditions in dormitories, financing of internships in Russia and abroad, support for foreign students, as well as development of infrastructure and material and technical base of institutes.

    Anyone can support the initiative of the Civil Engineering Institute and the Institute of Power Engineering. To do this, simply follow the link HTTPS: //Donate.SPBSTSTE.RU/ and make a donation by selecting the desired target capital from the drop-down list.

    The creation of new endowments is an important step towards the sustainable development of the Polytechnic University and the support of talented students and teachers. Join the development of your institute and support the future of the Polytechnic University!

    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 China: China’s auto market posts strong growth in H1

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

    China’s auto production and sales logged double-digit increases in the first half of the year (H1), a sign of vibrant domestic consumption in the world’s second-largest economy, data from the China Association of Automobile Manufacturers (CAAM) showed on Thursday.

    The country’s auto output totaled 15.62 million units during the period, up 12.5 percent from a year ago, while auto sales rose 11.4 percent to 15.65 million units.

    The CAAM saw increased vitality in the auto market, driven by various factors, including the country’s stable economic growth, the consumer goods trade-in program, and the rapid growth of the NEV market.

    New energy vehicle (NEV) production surged 41.4 percent year on year to nearly 6.97 million units in the first six months, with sales up by 40.3 percent year on year to about 6.94 million units.

    NEVs accounted for 44.3 percent of total new vehicle sales in China during the January-June period, according to the CAAM.

    To boost consumption, China expanded the scope of passenger vehicles covered under its trade-in program in January, aiming to increase domestic demand and support the Chinese economy through equipment upgrades and trade-ins of consumer goods.

    Thursday’s data also showed that the country’s auto exports increased 10.4 percent year-on-year to 3.08 million units in the six months. Notably, NEV exports soared 75.2 percent to 1.06 million units. 

    MIL OSI China News –

  • MIL-OSI United Kingdom: Government sets out reforms to create a fair, secure, affordable and efficient electricity system

    Source: United Kingdom – Government Statements

    Press release

    Government sets out reforms to create a fair, secure, affordable and efficient electricity system

    Government confirms reforms to the national pricing electricity market that will create a fairer, cheaper, more secure, and more efficient energy system.

    • Government puts fairness and affordability at the centre of electricity market reform to deliver system that puts working people first
    • Government takes decision to reform the existing national pricing system rather than split the country into different zones.
    • Reforms will protect consumers and secure investment as government drives to deliver clean power mission, protecting families through Plan for Change

    Working people, families and businesses will benefit from a fairer, cheaper, more secure, and more efficient energy system thanks to ambitious new reforms of the energy market to protect consumers and secure investment into clean energy.  

    Working people have suffered uncertainties and worry in recent years from high energy bills spurred on by the country’s dependence on fossil fuel markets controlled by dictators. That is why the government has doubled down on its clean energy mission, which will give families control with clean homegrown power that Britain controls – all part of the mission to bring down bills for good. 

    In delivering this clean power system, the government inherited a decision on whether to retain the current national system in which all areas in Britain pay the same wholesale price for energy – or undertake an overhaul to split the country into different pricing zones depending on their proximity to where energy is generated.   

    Following this process, and an extensive consultation which started in 2022, the Government has concluded that reforming the system while retaining a single national wholesale price is the right way to deliver a fair, affordable, secure, and efficient electricity system.    

    The proposals set out today (10 July) will ensure the benefits of clean power are felt by consumers in every part of the country, while giving businesses the stability and certainty they need to continue investing to upgrade our infrastructure – boosting national energy security, creating tens of thousands of jobs, and growing the economy.   

    Energy Secretary Ed Miliband said:

    Building clean power at pace and scale is the only way to get Britain off the rollercoaster of fossil fuel markets and protect families and businesses for good.

    As we embark on this new era of clean electricity, a reformed system of national pricing is the best way to deliver an electricity system that is fairer, more affordable, and more secure, at less risk to vital investment in clean energy than other alternatives. 

    Our package of reforms will protect consumers and secure investment as we drive to deliver our clean power mission through our Plan for Change.

    This decision comes as the government takes a step closer to the clean power by 2030 target, delivering the most significant investment in clean, homegrown power in British history over the last year. This includes approving projects that could power the equivalent of 2 million homes, as well as the biggest expansion of new nuclear power in half a century, providing £14.2 billion for Sizewell C, over the Spending Review.   

    The government is taking a fundamentally different approach to building the energy system and infrastructure that this country needs. After years of delay from previous governments that has seen consumer costs and constraint payments rise, the government is rapidly building the network, reforming the planning system, and transforming the grid connections queue to get the projects needed for clean power and economic growth. It is only by driving the build out of new transmission infrastructure, which the government is doing through our planning measures after years of delay, that the clean power system the country needs can be built.    

    The further changes announced today will see the government taking on more responsibility for planning the system and determining where clean energy infrastructure is located, based on what is needed for the long-term. These changes will ultimately help to bring down energy bills, by making the current system more efficient, ensuring low-cost investment into cheap clean energy projects, and reducing the cost of running the electricity network.   

    The key parts of the reformed national package being announced today include:   

    Strategic Spatial Energy Plan:

    • The government has confirmed that the Strategic Spatial Energy Plan, to be published next year by NESO following consultation, will be at the heart of the reforms to improve the efficiency of the electricity system, under the national pricing model.    

    • Commissioned by UK, Scottish and Welsh governments last year, for the first time the plan will set out how to best spread new energy projects across land and sea in Great Britain up to 2050. This will speed up development, cut grid connection waiting times and help to reduce costs, giving investors confidence on where to build and when.    

    Transmission Charges:

    • Under the current system, the more that energy generators rely on the transmission network to move power to where it’s needed, the more they will need to pay – in what are known as Transmission Network Use of System charges. The government will work with Ofgem to drive forward a review of these charges to provide stronger incentives for investors to build generation where it is needed, supporting a cheaper system for all. Crucially this will include changes to make existing charges more predictable for investors – as currently the charges vary year by year, which causes uncertainty during long-term projects and can drive up prices as developers price in the risk of volatility.   

    Improving the efficiency of the power system:

    • The government is already working at pace with the industry to rewire Britain and upgrade the country’s outdated infrastructure to get more renewable electricity onto the grid and minimise constraint payments after over a decade of delay. Independent advice from NESO confirmed that up to £4 billion in constraint payments, caused by historic failure to build the grid infrastructure the country needs, could be avoided by 2030, if critical network upgrades are accelerated to complete by 2030. Many of these projects are already well into development, such as the Norwich to Tilbury transmission line, and the Sea Link offshore cable between Kent and Suffolk.   

    • The government is also working with NESO to launch a consultation later this year on further reforms that will help to reduce the need for constraint payments. One potential measure could give NESO better access to smaller assets – such as battery storage sites – that can offer greater flexibility when balancing the grid.   

    • NESO are also currently working with the wider industry to explore further options to help reduce the need for constraint payments – as part of their Constraints Collaboration Project.   

    Today’s announcement also builds on wider schemes announced by the government that aim to ensure households can directly benefit from hosting clean energy projects. Earlier this year, the government introduced measures in the Planning and Infrastructure Bill that will see eligible households within 500 metres of new or upgraded electricity transmission infrastructure receive electricity bill discounts of up to £2,500 over 10 years. The Energy Secretary also recently set out plans for coastal and rural communities hosting clean energy infrastructure to receive a cash boost for new community facilities, better transport links and investment in apprenticeships.   

    Notes to editors

    • This follows the second consultation on the Review of Electricity Market Arrangements, under the previous government. Since taking office, this government has carried out ongoing engagement with the industry, consumer groups and wider stakeholders – and will continue to work closely with all parties as the proposed changes are developed.    

    • Later this year, the government will also publish a Reformed National Pricing Delivery Plan, which will set out the next steps for government to work together with Ofgem, the National Energy System Operator and industry to delivery these reforms.   

    • The government is publishing this decision now to provide certainty for investors ahead of the AR7 auction round.

    Updates to this page

    Published 10 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Participants of the “Dialogue of World Mayors – SCO Summit Cities” discussed issues of future urban development

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    TIANJIN, July 10 (Xinhua) — More than 20 representatives from cities in the Shanghai Cooperation Organization (SCO) countries discussed future urban development topics such as digitalization of urban governance, people-to-people exchanges and security as the basis for development during the “Dialogue of World Mayors – SCO Summit City” held in north China’s Tianjin from July 6 to 9.

    The opening ceremony of the event took place in Tianjin on July 8. It included two thematic dialogues: a dialogue of mayors of SCO cities and a dialogue of mayors of cities that hosted the organization’s summits, where China’s experience and practices in urban governance implemented through digital technologies attracted special attention of the participants.

    As an emerging industry, low-altitude economics also attracted great interest from participants in the dialogue. According to a representative of the Moscow Center for International Cooperation, “air taxis” and the use of unmanned aerial vehicles to patrol traffic in China left a deep impression on her.

    The Chinese experience serves as an instructive example for Moscow in improving the system of control over transport infrastructure and population movement, believes a representative of the Moscow department.

    According to the participants of the event, trust between the SCO countries not only comes from open and transparent interaction, but is also rooted in cultural closeness. Humanitarian exchanges and sustainable cultural development have become an important force in consolidating consensus and deepening cooperation.

    The topic “How to ensure security as the basis for development” became one of the important topics of the discussions and attracted great attention from the participants. As an important place for the implementation of trade and economic cooperation of the SCO countries and regional development, the city should take a more qualitative approach to ensuring security, which has long been perceived as a key element of sustainable development.

    The participants in the dialogue called for the creation of a broader and more effective platform in the SCO countries for regular dialogues between the heads of mayors of the SCO countries on security issues.

    The “Dialogue of World Mayors – SCO Summit City” was attended by mayors, diplomats accredited in China and experts from think tanks from SCO countries. They discussed expanding consensus, deepening practical cooperation in the areas of connectivity, trade and economic investment, green development and cultural exchanges. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI New Zealand: Banking and Security – ASB welcomes Anti-Scam Alliance

    Source: ASB

    ASB is welcoming the launch of a comprehensive Anti-Scam Alliance which it says is a positive move in the fight against fraud and scams.

    Chief Executive Vittoria Shortt says while the banking sector has invested significantly in fraud and scam prevention, detection and awareness for many years, having a formal alliance between Government, police, consumer groups and a range of impacted industries will make a real difference.

    “Banks and telcos have been working very hard, both individually and together, for some time, to tackle fraud and scams. We’ve partnered with others in the industry like consumer groups and police, but the real power comes in a true all of ecosystem approach, as Minister Simpson has announced today.

    “We’re pleased to see digital and social media companies join the charge. Each member of the alliance brings unique skills and experience which will improve our collective ability to fight fraud and scams. The formal involvement of Government will also enable stronger collaboration and commitment and more resource and expertise so we can continue to work together to keep New Zealanders safe.”

    ASB has spent around $140 million fighting fraud, scams, financial crime and cybercrime this financial year, and has invested in a number of customer initiatives. This includes tools such as Caller Check, which was launched in March and combats bank impersonation scams, and ASB’s 24/7 fraud line, which has received more than 21,000 calls outside of regular bank hours since it was launched in February.

    The industry has also been working closely together on Confirmation of Payee and increasing information sharing to better target money mules as part of ongoing collaborative work.

    “We know there is still more to be done, but today’s announcement is another step forward and we will continue to build on the work we’re already doing in this space,” says Shortt.

    MIL OSI New Zealand News –

  • MIL-OSI: Trifork and Deloitte selected for Swiss Federal Office of Public Health’s DigiSanté framework agreement

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Trifork and Deloitte selected for Swiss Federal Office of Public Health’s DigiSanté framework agreement

    Zurich – 10 July 2025

    Trifork Switzerland has been selected as subcontractor to Deloitte Switzerland on the framework agreement for the lot “Expertise in the field of standards (author and developer) in the healthcare sector” under the DigiSanté program, led by the Swiss Federal Office of Public Health (FOPH/BAG).

    This lot is part of the broader “DigiSanté – Health Business, Standards, Data Science, IT- and Data Security” framework, designed to strengthen the Swiss digital health infrastructure through standards-based development, secure data architecture, and modern health IT practices.

    The agreement covers up to 144,000 hours over nine years across five awarded consortia, amounting to CHF 27.7 to 38.8 million. Specific tasks will be awarded through mini-tenders. While the total scope will depend on these future mini-tenders, this framework positions Deloitte and Trifork to contribute to high-impact healthcare digitalisation projects throughout the contract period.

    “We are pleased to support the Swiss Federal Office of Public Health with our combined expertise in standards, interoperability, and healthcare system architecture. The DigiSanté framework is a cornerstone in the continued digital transformation of the Swiss healthcare system, and we look forward to collaborating closely with Trifork and health authorities.”
    — Rolf Brügger, Partner, Government & Public Services Industry Leader of Deloitte Switzerland

    Trifork brings deep experience from regulated health software development, including CE-marked applications, shared care platforms, and interoperability services across European markets. In Switzerland, the company is actively involved in supporting nationwide initiatives such as the electronic patient dossier (EPD) and broader healthcare ecosystem projects. This builds on Trifork’s growing local presence through digital health partnerships and strategic investments.

    “This collaboration is a natural extension of our commitment to digital health in Switzerland, and we’re excited to collaborate with Deloitte in this fascinating task. Our experience in standards implementation and healthcare-specific technology complements Deloitte’s strategic expertise, positioning us well to support FOPH’s long-term goals.”
    — Fabio Vena, CSO Trifork Switzerland

    More information
    Official award notice: https://www.simap.ch/de/project-detail/0cf68475-d125-4c8b-b4a9-dc379e3ceb71?lot-id=null#zuschlag

    Press contact
    Frederik Svanholm, Group Investment Director, Head of IR & PR
    frsv@trifork.com, +41 79 357 7317

    About the Federal Office of Public Health (FOPH / BAG) (bag.admin.ch)
    The Federal Office of Public Health (FOPH), part of the Swiss Federal Department of Home Affairs, is responsible for public health in Switzerland. The FOPH develops and implements national healthcare policy, ensures access to affordable, high-quality healthcare, and promotes the health and well-being of Switzerland’s population. As the lead authority behind the DigiSanté program, FOPH plays a key role in advancing Switzerland’s digital health infrastructure, setting standards for health data, and enabling secure, efficient and patient-centred health services across the country.

    About Deloitte Switzerland (deloitte.ch)
    Deloitte offers integrated services that include Audit & Assurance, Tax & Legal, Strategy, Risk & Transaction Advisory, and Technology & Transformation. Its approach combines insight and innovation from multiple disciplines with business and industry knowledge to help clients excel anywhere in the world. With around 2,700 employees at six locations in Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters), Deloitte serves companies and organisations of all legal forms and sizes in all industry sectors. Deloitte AG is an affiliate of Deloitte North South Europe (NSE), a member firm of the global network of Deloitte Touche Tohmatsu Limited (DTTL) comprising around 460,000 employees in more than 150 countries. 

    About Trifork (trifork.com)
    Trifork (Nasdaq Copenhagen: TRIFOR) is a pioneering global technology company, empowering enterprise and public sector customers with innovative digital products and solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. In Switzerland, Trifork is deeply involved in the healthcare tech ecosystem. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies.

    Attachment

    The MIL Network –

  • MIL-Evening Report: Does Australia really take too long to approve medicines, as the US says?

    Source: The Conversation (Au and NZ) – By Nial Wheate, Professor, School of Natural Sciences, Macquarie University

    Australia’s drug approval system is under fire, with critics in the United States claiming it is too slow to approve life-saving medicines.

    Australia’s Therapeutic Goods Administration balances speed with a rigorous assessment of safety, efficacy and cost-effectiveness.

    So does Australia really lag behind the US Food and Drug Administration? And do we need to change how we approve medicines?

    The drug development pipeline

    Drug development usually begins when something new is discovered about a disease. This usually involves identifying either a change in an important protein or finding a new protein involved in the disease.

    When scientists know the shape of the protein, they can design a drug that can block or activate it.

    Scientists will then undertake laboratory, petri dish-type, experiments to see if the drug works on the protein in the way they designed. If it passes those tests, they will then move onto animal testing and formulation.

    Formulation is the step where scientists decide what form the medicine will take, such as a tablet, injection or patch. There are more than 150 different pharmaceutical dosage forms to choose from.

    The final steps are human testing. This requires the completion of three types of clinical trials. Each seeks to answer different specific questions about the drug:

    • Phase I trials: is the drug safe? What are its side effects?
    • Phase II trials: does the drug work?
    • Phase III trials: is the drug better than currently available medicines?

    At the end of the trials, a company can apply to the Therapeutic Goods Administration (TGA) for approval to market and sell the drug.

    Getting a drug to market is time-consuming and costly. It takes around 15 years from the initial concept and design to government approval and costs more than A$3.5 billion.

    But the failure rate is high: more than 90% of drugs that undergo development never gain government approval.

    How are drugs approved in Australia?

    The decision to approve new medicines for sale in Australia is made based on safety and efficacy evidence provided by the sponsoring company.

    Once approved, the drug is added to the Australian Register of Therapeutic Goods.

    Listing a medicine on the Pharmaceutical Benefits Scheme (PBS) is a separate process from approval, and is based on financial considerations and a cost-benefit analysis, rather than safety and efficacy.

    The TGA typically takes 240 to 260 working days (around a full calendar year) from receiving a new medicine application to an approval decision. This is longer than it takes the US Food and Drug Administration (FDA) – 180 to 300 days.

    Where there is a pressing need, the approval process can be faster. The first COVID treatment was approved in Australia just two weeks after it was submitted for consideration.

    Then why do Americans often get medicines first?

    There can be several reasons why a drug approval can be delayed in Australia when it has already been approved overseas.

    First, with a population of 27 million out of 8 billion world-wide, Australia is a relatively small market. So it is not always a high priority for companies to apply for approval here. Regions with large populations such as China, India and Europe are a bigger focus for companies. This can therefore delay when they submit to Australia.

    Other reasons for delays can be that the TGA requires additional safety or efficacy evidence other regions did not request, or because new information about the drug has come to light since the drug was approved overseas.

    What about delays getting drugs onto the PBS?

    When a drug is listed on the PBS, Australians can access the medicine for $31.60 (or $7.70 concession) instead of the cost of a private prescription which might be hundreds or even thousands of dollars.

    The time it takes for medicines to be approved on the PBS has also been a focus of criticism.

    The Pharmaceutical Benefits Advisory Committee (PBAC), which makes PBS listing recommendations to the Federal Minister of Health, only sits three to six times per year.

    US Chamber of Commerce vice president John Murphy claims the PBAC takes, on average, 32 months to make a recommendation about listing a drug after an application has been submitted.

    Once a recommendation is made, the minister usually takes a minimum of five months to make a final decision.



    Read more:
    Australia’s PBS means consumers pay less for expensive medicines. Here’s how this system works

    To speed up the process, the TGA does allow parallel applications for drug approval and PBS listing.

    The time taken to make a PBS listing decision is reasonable, given the scheme’s overall cost. In 2023–24, the total cost of the PBS to the government was $17.7 billion. So a decision to list can’t be made lightly.

    So should Australia change how it approves medicines?

    Criticising the time it takes to get regulatory approvals appears to be part of a wider plan of attack by the US government. It is putting pressure on Australia to open its market to higher prices for medicines made by US pharmaceutical companies.

    Australia has a world-class regulatory agency in the TGA which ensures medicines that are approved are both safe and effective. And the PBS scheme is a key part of our public health care system and the envy of the world.

    The Australian government should resist any changes to the regulatory approval processes that come from the US.

    Nial Wheate in the past has received funding from the ACT Cancer Council, Tenovus Scotland, Medical Research Scotland, Scottish Crucible, and the Scottish Universities Life Sciences Alliance. He is a fellow of the Royal Australian Chemical Institute. Nial is the chief scientific officer of Vaihea Skincare LLC, a director of SetDose Pty Ltd (a medical device company) and was previously a Standards Australia panel member for sunscreen agents. He is a member of the Haleon Australia Pty Ltd Pain Advisory Board. Nial regularly consults to industry on issues to do with medicine risk assessments, manufacturing, design and testing.

    – ref. Does Australia really take too long to approve medicines, as the US says? – https://theconversation.com/does-australia-really-take-too-long-to-approve-medicines-as-the-us-says-260910

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Bitget Burns 30M BGB Worth $138 Million for Q2 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 10, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is set to burn 30,001,053.1 BGB (2.56% of total supply) tokens for the second quarter of 2025, equivalent to approximately $138 million based on the Q2 2025 average price. This brings the total burn for the first half of the year to over 5% of the total supply of the BGB token, based on Bitget’s strategy of growing the native ecosystem token.

    BGB has emerged as one of the top-performing centralized exchange tokens of 2025, consistently ranking high in terms of trading volume and market capitalization. Since its initial launch, BGB has had several strategic upgrades, evolving into a core asset within the Bitget ecosystem. Its growing popularity is fueled by increasing demand for its utility across various platform features, including staking, fee discounts, Launchpad access, and exclusive campaign eligibility. With over 120 million users in the Bitget ecosystem, BGB runs the infrastructure, as the pillar of support for users incentivization and liquidity across various products.

    The quarterly BGB burn mechanism is an automated, pre-disclosed program that removes a portion of circulating tokens based on revenue performance and BGB usage on the platform. This structured approach shows both the exchange’s growth trajectory and the increasing transactional demand for BGB. As Bitget continues expanding into new regions and product verticals, from AI-powered trading to Launchpool innovations, the utility of BGB keeps increasing across the platform.

    “BGB has become one of the most attractive and best-performing CEX tokens,” said Gracy Chen, CEO of Bitget. “Its utility and growth have been indicators of its potential. With every burn, we invest in BGB’s future that’s driven by its strong community and growth.”

    The recent token burn reduces total supply and builds long-term holder confidence by decreasing inflationary pressure. This creates a more favorable environment for price support and ecosystem maturity. As Bitget grows, the corresponding burn volumes are expected to increase in scale, further increasing the deflationary dynamics that support BGB’s valuation.

    With a focus on platform growth and product innovation, Bitget continues to drive strategic alignment with the token ecosystem. The Q2 burn represents confidence in BGB’s long-term position as a strong utility token within the cryptospace.

    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 at the forefront of 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.

    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/050ab765-e03d-48a9-94e2-3c3cf3562e4d

    The MIL Network –

  • Trump imposes 50% tariffs on Brazil after spat with Lula

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted “emperor.”

    Brazil’s President Luiz Inacio Lula da Silva fired back on Wednesday, saying new tariffs would be met with reciprocal measures.

    In a letter, Trump linked the tariffs to Brazil’s treatment of former President Jair Bolsonaro, who is on trial over charges of plotting a coup to stop Lula from taking office in 2023.

    The levies were imposed due “in part to Brazil’s insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans,” the letter said.

    Brazil’s real currency added to earlier losses to fall over 2% against the dollar after the announcement, and companies such as planemaker Embraer EMBR3.SA and oil major Petrobras PETR4.SA also suffered setbacks in the stock market.

    Lula, his vice-president, his finance minister, and others held an emergency meeting in Brasilia on Wednesday night to discuss the new levies.

    In a lengthy post to social media after the meeting, Lula said Trump’s accusations that trade between the two countries was unfair to the U.S. were false, stressing the U.S. runs a trade surplus against Brazil.

    “Sovereignty, respect, and the unwavering defense of the interests of the Brazilian people are the values that guide our relationship with the world,” Lula wrote.

    The U.S. is Brazil’s second-largest trading partner after China and the tariffs are a major increase from the 10% announced in April. Trump’s letter said the 50% tariff will start August 1 and will be separate from all sectoral tariffs.

    On Monday, Lula pushed back against Trump after the U.S. leader threatened to impose an additional 10% tariff on the BRICS group of developing nations, which he called “anti-American.”

    “The world has changed. We don’t want an emperor,” Lula told reporters when asked at a BRICS summit in Rio de Janeiro about the possible BRICS tariff.

    BOLSONARO ‘WITCH HUNT’

    Tensions between the United States and Brazil had already intensified on Wednesday after Brazil’s foreign ministry summoned the U.S. Embassy chargé d’affaires over a statement defending Bolsonaro.

    Around the same time, Trump, speaking to reporters at an event with West African leaders at the White House, said Brazil “has not been good to us, not good at all,” adding the tariff rates would be based on “very, very substantial facts” and past history.

    The U.S. Embassy in Brasilia confirmed on Wednesday its chargé d’affaires had a meeting with officials from Brazil’s foreign ministry, though it declined to share details about the conversation.

    Trump’s support for Bolsonaro echoed his support for other global leaders who have faced domestic legal cases like French far-right leader Marine Le Pen and Israeli Prime Minister Benjamin Netanyahu. Trump has called cases against those leaders a “witch hunt,” a term he used for cases he faced himself in the U.S. after the end of his first term in office.

    Trump said in a social media post on Monday that Bolsonaro was the victim of such a “witch hunt.” The U.S. Embassy in Brasilia issued a statement on Wednesday to the local press echoing his remarks.

    “The political persecution of Jair Bolsonaro, his family and his supporters is shameful and disrespectful of Brazil’s democratic traditions,” it said.

    In a post on social media, Bolsonaro did not mention Trump, but said he “is persecuted because he remains alive in the public consciousness. Even out of power, he remains the most remembered—and most feared—name.”

    In his letter, Trump also directed U.S. Trade Representative James Greer to initiate a probe into what he called unfair trade practices by Brazil, particularly on U.S. companies’ digital trade. Trump also criticized decisions from Brazil’s Supreme Court that he said censored social media firms.

    Brazil’s Supreme Court has long been criticized by Bolsonaro’s allies for ordering social media websites to take down content from leaders of their far-right movement. The court also imposed more responsibilities on those companies last month.

    In his post on Wednesday, Lula rebuffed Trump’s accusations of a witch hunt and said the case against Bolsonaro was up for the courts to decide and not subject to any “threats that could compromise the independence of national institutions.”

    Lula also defended his country’s Supreme Court and its ruling on social media and said “freedom of expression must not be confused with aggression or violent practice.”

    IMPACT ON FOOD EXPORTS

    The tariffs on Brazil could have a significant impact on food prices in the United States. Around a third of the coffee consumed in the U.S., the world’s largest drinker of the beverage, comes from Brazil, which is the world’s largest coffee grower. Annual Brazilian coffee exports to the U.S. are close to 8 million bags, according to industry groups.

    More than half of the orange juice sold in the U.S. comes from Brazil, which has an 80% share of the juice’s global trade. The South American agricultural powerhouse also sells sugar, beef and ethanol to the U.S., among other products.

    “This measure impacts not only Brazil, but the whole U.S. juice industry that employs thousands of people and has had Brazil as its main supplier for decades,” said Ibiapaba Netto, the executive director of Brazilian orange juice industry group CitrusBR.

    (Reuters)

  • MIL-OSI: AI Studios Launches Mobile App for Instant AI Video Creation

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., July 10, 2025 (GLOBE NEWSWIRE) — DeepBrain AI, a global leader in generative AI video technology, announced the official release of the Android mobile app for its flagship platform, AI Studios.

    AI Studios, initially launched as a web-based service, enables users to generate high-quality AI avatar videos simply by entering text. With over 3 million users worldwide, the platform has rapidly grown and earned strong industry recognition, including a 4.9 rating on Product Hunt and being named one of G2’s Top 50 Software Products of 2025.

    The newly released mobile app allows users to create professional-grade videos anytime, anywhere—no production skills or equipment needed. It is designed for a diverse range of creators, educators, marketers, and business professionals who require scalable video content on the go.

    Key Features at a Glance

    Text-to-Video Creation

    Simply input a script, and the app generates a complete video with voice narration and an AI avatar—no editing skills required. It’s ideal for marketing content, tutorials, onboarding videos, and more. The app also supports cinematic-style video generation directly from text prompts, enabling users to produce more polished and visually engaging content with ease.

    Over 2,000 Generative AI Avatars

    Choose from over 2,000 avatars representing different styles, genders, and professions, or upload a custom avatar to match your brand identity.

    Support for 150+ Languages and Voice Tones

    AI Studios offers natural-sounding voices with customizable tone, pace, and emotion. With support for over 150 languages and dialects, plus AI dubbing capabilities, it’s perfect for scalable, localized content creation.

    7,000+ Professional Templates

    Prebuilt templates tailored to business, education, commerce, and more help users create polished, purpose-driven videos in minutes.

    Expanding the Global Reach of Generative AI Video

    The mobile app was built with a global-first mindset—featuring multilingual support, intuitive UX, and scalable output for diverse industries. According to DeepBrain AI, the release marks a key step in its mission to make AI video creation accessible and practical for everyone.

    An iOS version of the app is currently in development and is scheduled for release in the second half of 2025.

    The AI Studios mobile app is now available on Google Play. (https://play.google.com/store/apps/details?id=com.aistudios.app).

    About DeepBrain AI

    DeepBrain AI is a global leader in generative AI, specializing in video creation, speech synthesis, and digital humans. Its platform, AI Studios, lets users create high-quality videos from text without the need for cameras or editing tools.

    With a strategic presence in Silicon Valley and clients across North America, Europe, and Asia, the company supports industries such as media, finance, education, and e-commerce. DeepBrain AI helps creators and businesses streamline video production and expand global communication through AI.

    Media Contact

    Ava Seo
    www.aistudios.com
    global@deepbrain.io
    DeepBrain AI, Inc.
    540 University Ave., Suite 200
    Palo Alto, CA 94301, USA

    Disclaimer: This press release is provided by the DeepBrain AI. 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5dc05e1-36c9-40e9-8b37-a7ad7ca21e89

    The MIL Network –

  • MIL-OSI Banking: Money Market Operations as on July 09, 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) 5,99,336.05 5.30 4.00-6.60
         I. Call Money 17,823.20 5.32 4.80-5.45
         II. Triparty Repo 3,95,112.65 5.29 5.23-5.35
         III. Market Repo 1,84,573.20 5.33 4.00-5.70
         IV. Repo in Corporate Bond 1,827.00 5.54 5.45-6.60
    B. Term Segment      
         I. Notice Money** 192.14 5.32 4.95-5.40
         II. Term Money@@ 1,253.00 – 5.45-5.70
         III. Triparty Repo 1,736.00 5.33 5.30-5.50
         IV. Market Repo 137.30 4.42 2.50-5.52
         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 Wed, 09/07/2025 2 Fri, 11/07/2025 97,315.00 5.49
    3. MSF# Wed, 09/07/2025 1 Thu, 10/07/2025 1,081.00 5.75
    4. SDFΔ# Wed, 09/07/2025 1 Thu, 10/07/2025 1,36,036.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,32,270.00  
    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, 04/07/2025 7 Fri, 11/07/2025 1,00,010.00 5.47
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       5,560.78  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -94,449.22  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,26,719.22  
    G. Cash Reserves Position of Scheduled Commercial Banks          
         (i) Cash balances with RBI as on July 09, 2025 9,20,787.00  
         (ii) Average daily cash reserve requirement for the fortnight ending July 11, 2025 9,52,318.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 09, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 13, 2025 5,62,116.00  

    @ 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: 2025-2026/684

    MIL OSI Global Banks –

  • MIL-OSI Australia: ACCC authorises collaboration on sustainable finance initiatives

    Source: Australian Ministers for Regional Development

    The ACCC has issued a determination granting authorisation with conditions to allow the Australian Sustainable Finance Institute (ASFI) and industry participants to collaborate on sustainable finance initiatives for five years.

    The authorisation allows ASFI, ASFI members and other industry participants to exchange information to improve the integration of natural capital data into financial decision-making, co-design investment structures and give effect to limited agreements for co-designed financial products, and develop related regulatory reform proposals.

    The collaborative conduct aims to facilitate the development of sustainable farming practices, support producers to meet sustainability regulations of export destinations, and contribute to emissions reduction targets.

    “The ACCC recognises there can be benefits of businesses working together towards a more sustainable economy, and many sustainability collaborations are unlikely to raise competition concerns,” ACCC Deputy Chair Mick Keogh said.

    “This authorised collaborative conduct will likely result in transaction cost savings, process efficiencies and increase the likelihood of investment supporting positive environmental and social outcomes.”

    The ACCC has specified five conditions of authorisation to address potential public detriments, such as reduced competition in the supply of sustainable finance products and coordinated behaviour in broader financial markets from information sharing.

    “We are able to consider a broad range of sustainability benefits when assessing exemptions from competition law,” Mr Keogh said.

    “This authorised conduct, with the conditions, will likely result in public benefits that outweigh potential community harms.”

    The ACCC has recently published a guide for businesses on sustainability collaborations that aims to help businesses understand how competition law applies to sustainability initiatives.

    Competition law does not need to be a barrier for those considering sustainability collaborations that deliver a net public benefit. A wide range of sustainability collaborations may not breach competition laws. Where there is risk of a potential breach, the ACCC’s authorisation process is flexible and can provide timely legal protection to businesses who wish to work together to achieve better environmental outcomes.

    A copy of the decision is available on the ACCC’s public register.

    Background

    ASFI is a collaboration between representatives of the Australian financial sector, civil society, academia, and financial regulators. Membership is voluntary and open to any corporation in the financial services sector or service provider to financial institutions which is interested in pursuing and supporting ASFI’s objectives.

    The Department of Foreign Affairs and Trade (DFAT) has provided the ASFI with a grant to undertake the ‘Institutional Investor Engagement (Indo-Pacific)’ project to draw private investment into development outcomes in the Indo-Pacific region, including through supporting the development of DFAT’s blended finance portfolio.

    The ACCC granted interim authorisation to the ASFI and its member banks on 7 March 2025, allowing them to discuss and exchange information for the purpose of developing potential banking capital requirement reforms to remove constraints on sustainable finance and investment in Australia. Interim authorisation will remain in place until the final determination comes into effect.

    The ACCC released a draft determination on 17 April 2025 proposing to grant authorisation, with conditions, for five years.

    Note to editors

    ACCC authorisation provides statutory protection from court action for conduct by competitors that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act.

    Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.

    In December 2024, the ACCC released its guide on sustainability collaborations and Australia competition law to inform businesses and other entities about the interaction between Australian competition law and sustainability collaborations.

    MIL OSI News –

  • MIL-OSI New Zealand: New Zealand launches Anti-Scam Alliance

    Source: New Zealand Government

    Important progress in the fight against online financial scams has been made with the launch of a new initiative between government, industry and consumer groups, Commerce and Consumer Affairs Minister Scott Simpson says. 
    “It is unacceptable that so many Kiwis are swindled by scammers every day,” Mr Simpson says. 
    “Some reports suggest scams cost the economy up to $2 billion annually, and it is crucial we get on top of the problem. 
    “That is why I’m pleased to announce the New Zealand Anti-Scam Alliance – a new national effort that seeks to reduce the number of Kiwis falling victim to online financial scams.
    “Up until this point New Zealand’s anti-scam efforts have developed in an ad-hoc way and suffered from a lack of coordination. We frequently hear that real-time information on scams is sourced from different areas across government and the private sector, making for a fragmented, and often, slow response.
    “The Alliance addresses this by establishing a formal structure for government agencies, banks, telecommunications companies, digital platforms sectors, and consumer groups to share data about scams and shut them down in real-time. 
    “By better coordinating our efforts across industry and government, we should be able to seal up the cracks that scammers are slipping through.
    “The Alliance has also agreed to take coordinated action to update industry codes, strengthen consumer protections and educate Kiwis about how to protect themselves from scams.
    “The Anti Scam Alliance represents a significant step forward and is the first in a series of actions that will strengthen New Zealand’s scam defences. However, there is more work to do.
    “The Government is also exploring other initiatives to support this work, including amending the Fair Trading Act so that government and industry can have the confidence to proactively share scam-related intelligence and collaborate on disruption initiatives without breaching competition or privacy laws.
    “There is no silver bullet to address scams, but by working together across sectors to disrupt scams, we can significantly shift the dial.”
     

    MIL OSI New Zealand News –

  • MIL-OSI Video: Yemen: Escalation threatens fragile stability amid Red Sea attacks | United Nations

    Source: United Nations (video statements)

    Special Envoy of the Secretary-General for Yemen Hans Grundberg recognized that “for some – on both sides of the conflict – the appetite for a military escalation remains.”

    Briefing the Security Council today (9 Jul) Grundberg said, “We are now with grave concern seeing an escalation in the Red Sea with attacks on two commercial ships earlier this week by Ansar Allah, resulting in civilian loss of life and casualties as well as the potential for environmental damage. These were the first attacks on commercial vessels in over seven months. In response, Israeli air strikes have hit Sana’a earlier in the reporting period as well as the ports of Hudaydah, Ras Issa and Salif and a power station on Sunday.”

    He added, “Yemen must not be drawn deeper into regional crises that threaten to unravel the already extremely fragile situation in the country. The stakes for Yemen are simply too high.”

    He highlighted, “There has been a continuation of military activity in governorates such as Al Dhale’a, Al Jawf, Ma’rib, Ta’iz and Sa’dah. I am also concerned about troop movements towards Al Dhale’a, Ma’rib and Ta’iz. I recognise that for some – on both sides of the conflict – the appetite for a military escalation remains. A military solution, however, remains a dangerous illusion that risks deep ening Yemen’s suffering.”

    He stressed, “It is urgent to move forward as time is not on our side. The longer the conflict is drawn out, the more complex it becomes.”

    Turning to economy, Grundberg stated that across Yemen, “the little money people do have in their hands is either falling in value or literally falling apart.”

    Grundberg stressed, “A positive shift towards greater stability in the region would certainly be welcome and could help create an environment for Yemen to move forward — but this cannot be a precondition for change. Yemen must advance regardless.”

    He concluded by reiterating his call for the unconditional and immediate release “by Ansar Allah of all those arbitrarily detained from the United Nations, national and international NGOs, civil society organizations, and diplomatic missions. The number of cases requiring urgent medical attention are increasing. They need access to medical assistance. They need to be home with their families. We will not let this issue drop. Our detained colleagues are not forgotten, not by me or my mission, nor by all of us in the UN working tirelessly for the sake of the Yemeni population.”

    According to the UN Emergency Relief Coordinator, Tom Fletcher the food security crisis in Yemen has been steadily accelerating since late 2023.

    “Today, more than 17 million people in Yemen are going hungry. That number could climb to over 18 million between September and February,” he said

    Abdullah Ali Fadhel Al-Saadi, Permanent Representative of Yemen to the United Nations, stated, “We reaffirm that the success of any political approach to achieving peace and ending the Yemeni crisis requires addressing the roots of this crisis—particularly, the coup by the Houthi militias against the state, its constitutional institutions, the national consensus, and the aspirations of the Yemeni people—and therefore there is a need to stop the destructive approach of these militias destabilizing Yemen, the region, and the world.”

    https://www.youtube.com/watch?v=VCwOUnnG9TE

    MIL OSI Video –

  • MIL-OSI USA: Breakout Sessions, Speakers Finalized for 2025 Governor’s Summit in Kearney

    Source: US State of Nebraska

    . Breakout session topics and speakers are now finalized for Thursday, Aug. 14 — the main day of the event. Breakout session information is listed on the Governor’s Summit agenda at govsummit.nebraska.gov/agenda.

    This year, the Governor’s Summit will feature three breakout tracks: (1) Workforce, (2) Manufacturing, and (3) the Bioeconomy. Gov. Pillen will host a roundtable for manufacturers during the 9:00 a.m. breakout session. The Governor will also lead a panel of state leaders over the lunch hour. The panel will highlight process improvements in state government that are translating into savings for Nebraskans.

    The 2025 Governor’s Summit kicks off on Wednesday afternoon, Aug. 13 with an update on the 6 Regions, One Nebraska initiative. The Governor’s Office, Nebraska Chamber of Commerce, and Nebraska Department of Economic Development co-launched the initiative in 2024 to encourage cooperation, rather than competition, among neighboring communities. Over the past 12+ months, each region has undertaken initial projects, supported by state funding, to tackle issues like housing, workforce, and childcare shortages.

    On Wednesday evening, the Nebraska Diplomats will host their annual awards banquet at the Governor’s Summit. Gov. Pillen will provide remarks and present awards to individuals, businesses, and communities who have made significant contributions to the state’s growth.

    Husker football coach Matt Rhule will headline Thursday morning’s plenary session of the Governor’s Summit. Participants will then attend breakout sessions, both before and after lunch, on various topics related to workforce development, manufacturing, and the bioeconomy.

    This year’s Governor’s Summit will coincide with the first-ever Youth Summit for high school students and recent graduates. The Youth Summit is designed to connect students with rewarding career opportunities in Nebraska. Attendees will meet one-on-one with colleges and employers, gaining privileged access to internships, scholarships, and jobs available within the state.

    For the Governor’s Summit agenda and registration information, go to govsummit.nebraska.gov.

    More information about the Youth Summit is available at govsummit.nebraska.gov/youth.

    MIL OSI USA News –

  • MIL-OSI: ORGANON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Organon & Co. – OGN

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, July 09, 2025 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until July 22, 2025 to file lead plaintiff applications in securities class action lawsuits against Organon & Co. (NYSE: OGN), if they purchased the Company’s securities between October 31, 2024 and April 30, 2025, inclusive (the “Class Period”). These actions are pending in the United States District Court for the District of New Jersey.

    Get Help

    Organon investors should visit us at https://claimsfiler.com/cases/nyse-ogn/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Organon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On March 10, 2025, pre-market, the Company announced its financial results for the first quarter of 2025, disclosing, among other things, that management had reset the Company’s dividend payout, from $0.28 to $0.02, contradicting its prior statements assuring investors that the regular quarterly dividend was a number one priority and that the Company was committed to its capital allocation strategy through the aforementioned dividend. On this news, the price of Organon’s shares fell more than 27%, from a closing market price of $12.93 per share on April 30, 2025, to $9.45 per share on May 1, 2025.

    The first-filed case is Hauser v. Organon & Co., et al., No. 25-cv-05322. A subsequent case, Lerner v. Organon & Co., et al., No. 25-cv-12983, expanded the class period.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: ORGANON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Organon & Co. – OGN

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, July 09, 2025 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until July 22, 2025 to file lead plaintiff applications in securities class action lawsuits against Organon & Co. (NYSE: OGN), if they purchased the Company’s securities between October 31, 2024 and April 30, 2025, inclusive (the “Class Period”). These actions are pending in the United States District Court for the District of New Jersey.

    Get Help

    Organon investors should visit us at https://claimsfiler.com/cases/nyse-ogn/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Organon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On March 10, 2025, pre-market, the Company announced its financial results for the first quarter of 2025, disclosing, among other things, that management had reset the Company’s dividend payout, from $0.28 to $0.02, contradicting its prior statements assuring investors that the regular quarterly dividend was a number one priority and that the Company was committed to its capital allocation strategy through the aforementioned dividend. On this news, the price of Organon’s shares fell more than 27%, from a closing market price of $12.93 per share on April 30, 2025, to $9.45 per share on May 1, 2025.

    The first-filed case is Hauser v. Organon & Co., et al., No. 25-cv-05322. A subsequent case, Lerner v. Organon & Co., et al., No. 25-cv-12983, expanded the class period.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI United Nations: Three sites on the African continent removed from the List of World Heritage in Danger

    Source: UNESCO World Heritage Centre

    In recent years, UNESCO has made considerable and targeted efforts to support its African Member States. Since 2021, three sites in the Democratic Republic of Congo, Uganda and Senegal have also been removed from the List of World Heritage in Danger.

     

    Rainforests of the Atsinanana (Madagascar)

    The Rainforests of the Atsinanana were inscribed on UNESCO’s World Heritage List in 2007 for its important biodiversity. The Rainforests and the species they support have faced a series of threats in recent years including illegal logging, trafficking of precious woods and deforestation negatively affecting the status of important key species such as Lemurs – leading to its inclusion on the List of World Heritage in Danger in 2010.

    Following this decision, Madagascar developed and implemented an ambitious action plan with the support of UNESCO and the international community. Thanks to robust management plans, control of ebony and rosewood felling, satellite surveillance and local patrols, the overall condition of the site was improved. As a result, 63% of areas of forest cover loss have been restored, illegal logging and trafficking of precious wood have been halted, and levels of lemur poaching have reached their lowest level in 10 years.

     

    Abu Mena (Egypt)

    Abu Mena was inscribed on the UNESCO World Heritage List in 1979 serving as an outstanding example of a pilgrimage site, cradle of Christian monasticism. The site was placed on the List of World Heritage in Danger in 2001 following concerns due to alarming rises in the water table caused by irrigation methods of surrounding farms and the collapse of several overlying structures.

    In 2021, a project to supply solar energy to the drainage system significantly reduced groundwater levels and stabilized the weakened structures. The conservation plan, developed in 2024 with the support of UNESCO’s World Heritage Fund, has enabled the establishment of appropriate strategies and greater involvement of local communities.

     

    Old Town of Ghadamès (Libya)

    The Old Town of Ghadamès was inscribed on the UNESCO World Heritage List in 1986 and has been a crossroads for major cultures of Africa and the Mediterranean basin. The site has been on the List of World Heritage in Danger since 2016 due to the prevailing conflict in the country at that time, wildfires and torrential rain.

    Led by local authorities and several partners, extensive restoration works have been carried out on the property, including repairs to historic buildings, pipelines and traditional infrastructure. These activities were accompanied by efforts to strengthen local skills and governance through various training courses, as well as the development of a risk management and prevention plan.

     

    The List of World Heritage in Danger

    The purpose of the List of World Heritage in Danger is to provide information on the threats to the very values that led to the inclusion of a property on the World Heritage List, and to mobilize the international community to preserve the site. It also enables the site to benefit from the right to increased technical and financial support from UNESCO.

    MIL OSI United Nations News –

  • MIL-OSI China: OPEC seminar focuses on energy transition, calls for stronger global cooperation

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

    Artists perform at the opening ceremony of the 9th OPEC International Seminar in Vienna, Austria, on July 9, 2025. [Photo/Xinhua]

    The 9th OPEC International Seminar opened on Wednesday, bringing together global energy leaders to discuss key issues including energy transitions, market stability, energy security, investment, technology, and innovation.

    Under the theme “Charting Pathways Together: The Future of Global Energy,” the two-day event features exhibitions, ministerial sessions, and high-level roundtables aimed at exploring energy security and cooperation across the energy sector.

    OPEC Secretary General Haitham Al Ghais said at the opening ceremony that 2025 holds special significance for OPEC, marking its 65th anniversary and the 60th anniversary of its Vienna headquarters. How to reduce carbon emissions while achieving energy security, improving energy accessibility and reducing global energy poverty is a key topic of the seminar, he added.

    Meanwhile, Saudi Energy Minister Abdulaziz bin Salman Al Saud highlighted that energy transition is not a threat, but an opportunity to drive innovation, investment and economic development.

    In a video address, Mohsen Paknejad, president of the OPEC Conference for 2025, urged countries to commit to peace and cooperation to ensure secure and sustainable energy supplies.

    During the seminar, the organization will launch the 19th edition of the World Oil Outlook, one of its flagship publications that provides in-depth review and analysis of the global oil and energy industries and offers assessments of various scenarios in the medium- and long-term development.

    The first OPEC International Seminar was held in 2001. As one of the most influential platforms for dialogue and cooperation in the energy sector, this year’s seminar attracted numerous ministers from OPEC member countries, representatives from major energy-producing and consuming nations, heads of international organizations, executives from energy companies and financial institutions, as well as experts and scholars. 

    MIL OSI China News –

  • MIL-OSI USA: RI Delegation Welcomes $1.5 Million In TRIO Funds to Help RI College Students Succeed

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – As Rhode Island’s Congressional delegation continues working to make college more affordable and protect Pell grants from budget cuts, U.S. Senators Jack Reed and Sheldon Whitehouse and U.S. Representatives Seth Magaziner and Gabe Amo today announced $1.5 million in federal funding to support existing college success and completion programs at Community College of Rhode Island (CCRI) and Rhode Island College (RIC) through the TRIO Student Support Services (SSS) program.  For fiscal year 2025, CCRI will receive $949,145 and RIC will receive $544,728 in TRIO funding.

    TRIO is a federal grant program administered by the U.S. Department of Education.  TRIO represents the largest federal investment aimed at assisting low-income or first-generation college students or individuals with disabilities to successfully advance through the academic pipeline and navigate academic and financial barriers.

    First-generation college students, those who meet low-income qualifications, or those with a disability are eligible to apply for TRIO.  In order to help these students navigate college life, the SSS program offers specialized tutoring, along with workshops on issues like financial literacy, leadership development, and finding a career path.  The federal program is designed to increase graduation rates and help students transfer from two-year to four-year colleges.

    Last year, Congress appropriated $1.2 billion for the program.  This year, the Trump Administration is seeking to eliminate federal funding for TRIO programs.

    “TRIO helps students not only get on the college track, but succeed once they are on campus.  It helps them acclimate to college life and prepares them to overcome key higher education hurdles.  Through skills workshops, summer learning, and other support services, this program can be a real lifeline for first-generation college students.  It teaches them things like time management, good study habits, and helps set them up for success in the college classroom and beyond.  I am proud of the work CCRI and RIC are doing and will continue working to ensure more deserving students have the opportunity to attend college and the resources to afford it,” said U.S. Senator Jack Reed, a member of the Appropriations Committee, who got into a notable back and forth with Education Secretary Linda McMahon over TRIO funding at a recent hearing.  Reed had to set the record straight and disabuse the Secretary of Education of the incorrect notion that the federal government has spent over $1 trillion on TRIO programs.

    “TRIO programs have opened the door to higher education for many first-generation college students and students facing other obstacles,” said Whitehouse.  “This federal funding will support the outstanding work CCRI and RIC do to bring higher education within reach for more Rhode Islanders.”

    “Every student deserves a fair shot at college success, and the TRIO Student Support Services program provided at CCRI and RIC help make that possible by providing the mentorship, tools, and support students need to thrive,” said Magaziner. “I will keep fighting to protect federal education funding and expand programs like TRIO that open the doors of opportunity for more Rhode Islanders and strengthen the state’s workforce.”

    “Every student deserves the tools to reach their full potential. Today’s federal TRIO grant brings $1.5 million to support first-generation and low-income students at the Community College of Rhode Island and Rhode Island College,” said Congressman Gabe Amo. “But let’s be clear, Trump’s budget proposal to eliminate TRIO funding is a direct threat to these students and the progress we’ve made. I’m fighting in Congress to protect these programs, defend educational opportunity, and ensure that Rhode Islanders aren’t left behind.”

    CCRI’s successful TRIO SSS program, known as “Access to Opportunity,” was first launched in 1980 and serves approximately 440 CCRI students annually.  Previous graduates have gone on to a variety of careers, including some current full-time and adjunct faculty and staff at CCRI.

    Rhode Island College offers its TRIO programs through the Center for Scholar Development.  These programs are designed to provide educational pathways in an affirming environment for first-generation scholars.

    MIL OSI USA News –

  • MIL-OSI USA: July 9th, 2025 Heinrich Urges Trump DOE and DOI Nominees to Lower Energy Costs, Keep Americans Safe, and Maintain America’s Competitive Edge

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — In his opening statement, U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the U.S. Senate Energy and Natural Resources Committee, grilled several pending Trump Administration nominees on the President’s Fiscal Year 2026 (FY26) budget request and his Big, Beautiful Betrayal bill, which will raise costs on American families by gutting investments in energy efficiency and clean energy programs. Ranking Member Heinrich additionally sought commitments to enforce surface mining laws and regulations, and pressed the nominees on the need to maintain U.S. competitiveness and secure global economic alliances with our allies.

    The hearing considered the nominations of Lanny Erdos to be the Director of the Office of Surface Mining Reclamation and Enforcement of the Department of the Interior; Audrey Robertson to be Assistant Secretary of Energy for Energy Efficiency and Renewable Energy; Timothy Walsh to be Assistant Secretary of Energy for Environmental Management, and David Eisner to be Assistant Secretary of Energy for International Affairs.

    VIDEO: Ranking Member Martin Heinrich (D-N.M.) delivers opening remarks on the nominations of several pending Trump Administration officials before the U.S. Senate Energy and Natural Resources Committee, July 9, 2025.

    “One of President Trump’s first acts after being sworn in for his second term was to abandon our efforts to transition to a clean energy economy,” Heinrich said in his opening remarks, zeroing in on how Republicans will raise utility costs on American families with their cuts to critical programs. “The Department has announced plans to cut dozens of energy efficiency rules that save consumers hundreds of dollars on their utility bills annually. It has proposed a 74 percent reduction in next year’s budget for energy efficiency and renewable energy programs. These cuts combined with the rollback of the clean energy tax credits in the reconciliation bill that Republicans supported will undoubtedly drive up energy prices.”

    Heinrich continued, “The reconciliation bill alone is estimated to increase annual energy costs more than $16 billion in 2030 and more than $33 billion by 2035. And American families will bear those increased costs.  I need to ask you, Ms. Robertson, whether you intend to continue the Department’s longstanding efforts to improve energy efficiency and develop renewable energy sources or whether you plan to abandon those programs.”

    A video of Heinrich’s opening remarks is here.

    A transcript of Heinrich’s remarks as delivered is below:

    Thank you, Chairman Lee.  And welcome Mr. Erdos, Ms. Robertson, Mr. Walsh, and Mr. Eisner.

    The Committee meets today to consider nominations to four very different offices.

     They range from expertise in coal mining to energy efficiency and renewable energy; from cleaning up nuclear weapons sites to international affairs.

    Two things that the four jobs have in common, however, is their importance and the responsibility the office holders will have to do well by the American people.

    Our task this morning, as in every confirmation hearing, is to determine how the nominees we are asked to entrust with these important offices plan to use them to do well by the American people. 

    Mr. Erdos has the advantage of having been nominated and confirmed to the position 5 years ago.  

    And while much may have changed in the past 5 years, the need for the Office of Surface Mining to protect communities and the environment during mining, to restore the land after mining, and to reclaim abandoned mine lands remains as great as ever.

    Indeed, the need may be even greater as this Administration seeks to increase coal production.

    We need your assurance, Mr. Erdos, that you remain committed to enforcing our surface mining laws and regulations and to restoring and reclaiming abandoned mine lands.

    Similarly, we seek assurances from you, Mr. Walsh, that you will work diligently to clean up the environmental legacy of the Manhattan Project and Cold War weapons sites.

    Secretary Wright testified last month that the Department remains committed to the cleanup program, and we want to hear that commitment from you as well.

    I harbor greater concerns for your offices, Ms. Robertson and Mr. Eisner. One of President Trump’s first acts after being sworn in for his second term was to abandon our efforts to transition to a clean energy economy. 

    The Department has announced plans to cut dozens of energy efficiency rules that save consumers hundreds of dollars on their utility bills annually. 

    It has proposed a 74 percent reduction in next year’s budget for energy efficiency and renewable energy programs.

    These cuts combined with the rollback of the clean energy tax credits in the reconciliation bill that Republicans supported will undoubtedly drive up energy prices.

    The reconciliation bill alone is estimated to increase annual energy costs more than $16 billion in 2030 and more than $33 billion by 2035. And American families will bear those increased costs.

    I need to ask you, Ms. Robertson, whether you intend to continue the Department’s longstanding efforts to improve energy efficiency and develop renewable energy sources or whether you plan to abandon those programs.

    I am similarly concerned by the 40 percent reduction in the Department’s budget request for International Affairs and this Administration’s apparent disdain for our allies and global alliances. 

    The work of DOE’s International Affairs office is critical to maintaining U.S. competitiveness and securing economic alliances with our allies.

    And I will seek your assurance, Mr. Eisner, that the Department will remain committed to working with our allies on international energy issues.

    I look forward to hearing from our nominees on these and other issues this morning, and I appreciate their willingness to take on these important and challenging responsibilities.

    Thank you, Mr. Chairman.

    MIL OSI USA News –