Category: Economy

PM Modi arrives at Rio Museum to attend BRICS Summit

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi was welcomed by Brazilian President Luiz Inácio Lula da Silva at the Museum of Modern Art in Rio de Janeiro on Sunday as he arrived to attend the 17th BRICS Leaders Summit.

The Prime Minister will join other BRICS leaders to deliberate on global issues, including reforms in global governance, peace and security, multilateralism, artificial intelligence, climate change, global health, and economic challenges.

This is PM Modi’s fourth visit to Brazil. After the two-day Summit, he will travel to Brasília for a State Visit — the first by an Indian Prime Minister in nearly six decades.

“As a founding member, India remains committed to BRICS as a vital platform for cooperation among emerging economies,” the PM had said earlier this week. “Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order.”

On the sidelines of the Summit, PM Modi is expected to hold bilateral meetings with several world leaders.

The last BRICS Summit, hosted by Russia in Kazan in October 2024, came at a time when the world was grappling with multiple challenges, including conflicts, climate impacts, and cyber threats.

This year’s Summit holds significance for India as it will assume the BRICS Chairship next year. India last chaired the grouping in 2021, marking its 15th anniversary.

India has consistently pitched itself as the voice of the Global South, pushing for the interests of developing countries on platforms like BRICS.

The theme for this year’s Summit is ‘Strengthening Global South Cooperation for Inclusive and Sustainable Governance*. Sunday’s discussions will focus first on reforms in global governance, limited to full members only.

Talks will then cover peace and security, multilateralism, economic and financial affairs, and the responsible use of AI, followed by an official reception hosted by President Lula.

On Monday, leaders will meet again to discuss environment issues, COP30, and global health.

— IANS

July 7, 2025
PM Modi arrives at Rio Museum to attend BRICS Summit

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi was welcomed by Brazilian President Luiz Inácio Lula da Silva at the Museum of Modern Art in Rio de Janeiro on Sunday as he arrived to attend the 17th BRICS Leaders Summit.

The Prime Minister will join other BRICS leaders to deliberate on global issues, including reforms in global governance, peace and security, multilateralism, artificial intelligence, climate change, global health, and economic challenges.

This is PM Modi’s fourth visit to Brazil. After the two-day Summit, he will travel to Brasília for a State Visit — the first by an Indian Prime Minister in nearly six decades.

“As a founding member, India remains committed to BRICS as a vital platform for cooperation among emerging economies,” the PM had said earlier this week. “Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order.”

On the sidelines of the Summit, PM Modi is expected to hold bilateral meetings with several world leaders.

The last BRICS Summit, hosted by Russia in Kazan in October 2024, came at a time when the world was grappling with multiple challenges, including conflicts, climate impacts, and cyber threats.

This year’s Summit holds significance for India as it will assume the BRICS Chairship next year. India last chaired the grouping in 2021, marking its 15th anniversary.

India has consistently pitched itself as the voice of the Global South, pushing for the interests of developing countries on platforms like BRICS.

The theme for this year’s Summit is ‘Strengthening Global South Cooperation for Inclusive and Sustainable Governance*. Sunday’s discussions will focus first on reforms in global governance, limited to full members only.

Talks will then cover peace and security, multilateralism, economic and financial affairs, and the responsible use of AI, followed by an official reception hosted by President Lula.

On Monday, leaders will meet again to discuss environment issues, COP30, and global health.

— IANS

July 7, 2025
PM Modi arrives at Rio Museum to attend BRICS Summit

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi was welcomed by Brazilian President Luiz Inácio Lula da Silva at the Museum of Modern Art in Rio de Janeiro on Sunday as he arrived to attend the 17th BRICS Leaders Summit.

The Prime Minister will join other BRICS leaders to deliberate on global issues, including reforms in global governance, peace and security, multilateralism, artificial intelligence, climate change, global health, and economic challenges.

This is PM Modi’s fourth visit to Brazil. After the two-day Summit, he will travel to Brasília for a State Visit — the first by an Indian Prime Minister in nearly six decades.

“As a founding member, India remains committed to BRICS as a vital platform for cooperation among emerging economies,” the PM had said earlier this week. “Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order.”

On the sidelines of the Summit, PM Modi is expected to hold bilateral meetings with several world leaders.

The last BRICS Summit, hosted by Russia in Kazan in October 2024, came at a time when the world was grappling with multiple challenges, including conflicts, climate impacts, and cyber threats.

This year’s Summit holds significance for India as it will assume the BRICS Chairship next year. India last chaired the grouping in 2021, marking its 15th anniversary.

India has consistently pitched itself as the voice of the Global South, pushing for the interests of developing countries on platforms like BRICS.

The theme for this year’s Summit is ‘Strengthening Global South Cooperation for Inclusive and Sustainable Governance*. Sunday’s discussions will focus first on reforms in global governance, limited to full members only.

Talks will then cover peace and security, multilateralism, economic and financial affairs, and the responsible use of AI, followed by an official reception hosted by President Lula.

On Monday, leaders will meet again to discuss environment issues, COP30, and global health.

— IANS

July 7, 2025
PM Modi arrives at Rio Museum to attend BRICS Summit

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi was welcomed by Brazilian President Luiz Inácio Lula da Silva at the Museum of Modern Art in Rio de Janeiro on Sunday as he arrived to attend the 17th BRICS Leaders Summit.

The Prime Minister will join other BRICS leaders to deliberate on global issues, including reforms in global governance, peace and security, multilateralism, artificial intelligence, climate change, global health, and economic challenges.

This is PM Modi’s fourth visit to Brazil. After the two-day Summit, he will travel to Brasília for a State Visit — the first by an Indian Prime Minister in nearly six decades.

“As a founding member, India remains committed to BRICS as a vital platform for cooperation among emerging economies,” the PM had said earlier this week. “Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order.”

On the sidelines of the Summit, PM Modi is expected to hold bilateral meetings with several world leaders.

The last BRICS Summit, hosted by Russia in Kazan in October 2024, came at a time when the world was grappling with multiple challenges, including conflicts, climate impacts, and cyber threats.

This year’s Summit holds significance for India as it will assume the BRICS Chairship next year. India last chaired the grouping in 2021, marking its 15th anniversary.

India has consistently pitched itself as the voice of the Global South, pushing for the interests of developing countries on platforms like BRICS.

The theme for this year’s Summit is ‘Strengthening Global South Cooperation for Inclusive and Sustainable Governance*. Sunday’s discussions will focus first on reforms in global governance, limited to full members only.

Talks will then cover peace and security, multilateralism, economic and financial affairs, and the responsible use of AI, followed by an official reception hosted by President Lula.

On Monday, leaders will meet again to discuss environment issues, COP30, and global health.

— IANS

July 7, 2025
PM Modi arrives at Rio Museum to attend BRICS Summit

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi was welcomed by Brazilian President Luiz Inácio Lula da Silva at the Museum of Modern Art in Rio de Janeiro on Sunday as he arrived to attend the 17th BRICS Leaders Summit.

The Prime Minister will join other BRICS leaders to deliberate on global issues, including reforms in global governance, peace and security, multilateralism, artificial intelligence, climate change, global health, and economic challenges.

This is PM Modi’s fourth visit to Brazil. After the two-day Summit, he will travel to Brasília for a State Visit — the first by an Indian Prime Minister in nearly six decades.

“As a founding member, India remains committed to BRICS as a vital platform for cooperation among emerging economies,” the PM had said earlier this week. “Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order.”

On the sidelines of the Summit, PM Modi is expected to hold bilateral meetings with several world leaders.

The last BRICS Summit, hosted by Russia in Kazan in October 2024, came at a time when the world was grappling with multiple challenges, including conflicts, climate impacts, and cyber threats.

This year’s Summit holds significance for India as it will assume the BRICS Chairship next year. India last chaired the grouping in 2021, marking its 15th anniversary.

India has consistently pitched itself as the voice of the Global South, pushing for the interests of developing countries on platforms like BRICS.

The theme for this year’s Summit is ‘Strengthening Global South Cooperation for Inclusive and Sustainable Governance*. Sunday’s discussions will focus first on reforms in global governance, limited to full members only.

Talks will then cover peace and security, multilateralism, economic and financial affairs, and the responsible use of AI, followed by an official reception hosted by President Lula.

On Monday, leaders will meet again to discuss environment issues, COP30, and global health.

— IANS

July 7, 2025
PM Modi arrives at Rio Museum to attend BRICS Summit

Source: Government of India

Source: Government of India (4)

Prime Minister Narendra Modi was welcomed by Brazilian President Luiz Inácio Lula da Silva at the Museum of Modern Art in Rio de Janeiro on Sunday as he arrived to attend the 17th BRICS Leaders Summit.

The Prime Minister will join other BRICS leaders to deliberate on global issues, including reforms in global governance, peace and security, multilateralism, artificial intelligence, climate change, global health, and economic challenges.

This is PM Modi’s fourth visit to Brazil. After the two-day Summit, he will travel to Brasília for a State Visit — the first by an Indian Prime Minister in nearly six decades.

“As a founding member, India remains committed to BRICS as a vital platform for cooperation among emerging economies,” the PM had said earlier this week. “Together, we strive for a more peaceful, equitable, just, democratic, and balanced multipolar world order.”

On the sidelines of the Summit, PM Modi is expected to hold bilateral meetings with several world leaders.

The last BRICS Summit, hosted by Russia in Kazan in October 2024, came at a time when the world was grappling with multiple challenges, including conflicts, climate impacts, and cyber threats.

This year’s Summit holds significance for India as it will assume the BRICS Chairship next year. India last chaired the grouping in 2021, marking its 15th anniversary.

India has consistently pitched itself as the voice of the Global South, pushing for the interests of developing countries on platforms like BRICS.

The theme for this year’s Summit is ‘Strengthening Global South Cooperation for Inclusive and Sustainable Governance*. Sunday’s discussions will focus first on reforms in global governance, limited to full members only.

Talks will then cover peace and security, multilateralism, economic and financial affairs, and the responsible use of AI, followed by an official reception hosted by President Lula.

On Monday, leaders will meet again to discuss environment issues, COP30, and global health.

— IANS

July 7, 2025
MIL-OSI Africa: Victims urged not to withdraw gender-based violence cases

Source: Government of South Africa

The Portfolio Committee on Community Safety in the Gauteng Provincial Legislature has urged victims of crime, particularly those affected by gender-based violence (GBV), to refrain from withdrawing criminal cases against perpetrators.

In a statement on Sunday, the Portfolio Committee said this urgent call follows growing concern over a troubling trend that threatens to undermine efforts to combat GBV and ensure justice for victims.

The committee raised this issue during an oversight visit to the Fochville Police Station on Friday, followed by a stakeholder engagement session at Greenspark Community Hall.

“During these engagements, the committee was alarmed by a report from the Station Commander indicating that 64 GBV cases had been withdrawn by victims, allowing alleged perpetrators to evade justice and remain a threat within their communities,” the portfolio committee said.

According to police reports, these withdrawals are often driven by financial inducements from perpetrators and pressure from families, who encourage victims to “resolve matters privately”.

“The committee strongly condemns this practice, warning that it not only places victims at further risk but also undermines the integrity of the criminal justice system. The withdrawal of serious cases such as GBV enables repeat offenses including rape, assault, and even murder.

“The committee urges communities to stand with victims and allow the law to take its course,” the portfolio committee said.

Furthermore, the committee emphasised that this pattern is not isolated to Fochville but is emerging as a province-wide concern, threatening progress in reducing crime and securing justice for survivors.

“The committee calls on all stakeholders including traditional leaders, community-based organisations, and faith-based institutions to actively educate communities on the importance of reporting GBV and pursuing justice. Victims must be protected and supported, not silenced or coerced,” the statement read.

As part of its ongoing Focused Intervention Study on SAPS compliance with the Domestic Violence Act, the Committee will continue to engage stakeholders and monitor police stations across Gauteng to ensure accountability and improved service delivery in the fight against GBV. – SAnews.gov.za

MIL OSI Africa –

July 7, 2025
MIL-OSI Analysis: ‘Big’ legislative package shifts more of SNAP’s costs to states, saving federal dollars but causing fewer Americans to get help paying for food

Source: The Conversation – USA (2) – By Tracy Roof, Associate Professor of Political Science, University of Richmond

People shop for food in Brooklyn in 2023 at a store that makes sure that its customers know it accepts SNAP benefits, also known as food stamps and EBT.
Spencer Platt/Getty Images

The legislative package that President Donald Trump signed into law on July 4, 2025, has several provisions that will shrink the safety net, including the Supplemental Nutrition Assistance Program, long known as food stamps. SNAP spending will decline by an estimated US$186 billion through 2034 as a result of several changes Congress made to the program that today helps roughly 42 million people buy groceries – an almost 20% reduction.

In my research on the history of food stamps, I’ve found that the program was meant to be widely available to most low-income people. The SNAP changes break that tradition in two ways.

The Congressional Budget Office estimates that about 3 million people are likely to be dropped from the program and lose their benefits. This decline will occur in part because more people will face time limits if they don’t meet work requirements. Even those who meet the requirements may lose benefits because of difficulty submitting the necessary documents.

And because states will soon have to take on more of the costs of the program, which totaled over $100 billion in 2024, they may eventually further restrict who gets help due to their own budgetary constraints.

Summing up SNAP’s origins

Inspired by the plight of unemployed coal miners whom John F. Kennedy met in Appalachia when he campaigned for the presidency in 1960, the early food stamps program was not limited to single parents with children, older people and people with disabilities, like many other safety net programs were at the time. It was supposed to help low-income people afford more and better food, regardless of their circumstances.

In response to national attention in the late 1960s to widespread hunger and malnutrition in other areas of the country, such as among tenant farmers in the rural South, a limited food stamps program was expanded. It reached every part of the country by 1974.

From the start, the states administered the program and covered some of its administrative costs and the federal government paid for the benefits in full. This arrangement encouraged states to enroll everyone who needed help without fearing the budgetary consequences.

Who could qualify and how much help they could get were set by uniform national standards, so that even the residents of the poorest states would be able to afford a budget-conscious but nutritionally adequate diet.

The federal government’s responsibility for the cost of benefits also allowed spending to automatically grow during economic downturns, when more people need assistance. These federal dollars helped families, retailers and local economies weather tough times.

The changes to the SNAP program included in the legislative package that Congress approved by narrow margins and Trump signed into law, however, will make it harder for the program to serve its original goals.

Restricting benefits

Since the early 1970s, most so-called able-bodied adults who were not caring for a child or an adult with disabilities had to meet a work requirement to get food stamps. Welfare reform legislation in 1996 made that requirement stricter for such adults between the ages of 18 and 50 by imposing a three-month time limit if they didn’t log 20 hours or more of employment or another approved activity, such as verified volunteering.

Budget legislation passed in 2023 expanded this rule to adults up to age 54. The 2025 law will further expand the time limit to adults up to age 64 and parents of children age 14 or over.

States can currently get permission from the federal government to waive work requirements in areas with insufficient jobs or unemployment above the national average. This flexibility to waive work requirements will now be significantly limited and available only where at least 1 in 10 workers are unemployed.

Concerned senators secured an exemption from the work requirements for most Native Americans and Native Alaskans, who are more likely to live in areas with limited job opportunities.

A 2023 budget deal exempted veterans, the homeless and young adults exiting the foster care system from work requirements because they can experience special challenges getting jobs. The 2025 law does not exempt them.

The new changes to SNAP policies will also deny benefits to many immigrants with authorization to be in the U.S., such as people granted political asylum or official refugee status. Immigrants without authorization to reside in the U.S. will continue to be ineligible for SNAP benefits.

Tracking ‘error rates’

Critics of food stamps have long argued that states lack incentives to carefully administer the program because the federal government is on the hook for the cost of benefits.

In the 1970s, as the number of Americans on the food stamp rolls soared, the U.S. Department of Agriculture, which oversees the program, developed a system for assessing if states were accurately determining whether applicants were eligible for benefits and how much they could get.

A state’s “payment error rate” estimates the share of benefits paid out that were more or less than an applicant was actually eligible for. The error rate was not then and is not today a measure of fraud. Typically, it just indicates the share of families who get a higher – or lower – amount of benefits than they are eligible for because of mistakes or confusion on the part of the applicant or the case worker who handles the application.

Congress tried to penalize states with error rates over 5% in the 1980s but ultimately suspended the effort under state pressure. After years of political wrangling, the USDA started to consistently enforce financial penalties on states with high error rates in the mid-1990s.

States responded by increasing their red tape. For example, they asked applicants to submit more documentation and made them go through more bureaucratic hoops, like having more frequent in-person interviews, to get – and continue receiving – SNAP benefits.

These demands hit low-wage workers hardest because their applications were more prone to mistakes. Low-income workers often don’t have consistent work hours and their pay can vary from week to week and month to month. The number of families getting benefits fell steeply.

The USDA tried to reverse this decline by offering states options to simplify the process for applying for and continuing to get SNAP benefits over the course of the presidencies of Bill Clinton, George W. Bush and Barack Obama. Enrollment grew steadily.

Penalizing high rates

Since 2008, states with error rates over 6% have had to develop a detailed plan to lower them.

Despite this requirement, the national average error rate jumped from 7.4% before the pandemic, to a record high of 11.7% in 2023. Rates rose as states struggled with a surge of people applying for benefits, a shortage of staff in state welfare agencies and procedural changes.

Republican leaders in Congress have responded to that increase by calling for more accountability.

Making states pay more

The big legislative package will increase states’ expenses in two ways.

It will reduce the federal government’s responsibility for half of the cost of administering the program to 25% beginning in the 2027 fiscal year.

And some states will have to pay a share of benefit costs for the first time in the program’s history, depending on their payment error rates. Beginning in the 2028 fiscal year, states with an error rate between 6-8% would be responsible for 5% of the cost of benefits. Those with an error rate between 8-10% would have to pay 10%, and states with an error rate over 10% would have to pay 15%. The federal government would continue to pay all benefits in states with error rates below 6%.

Republicans argue the changes will give states more “skin in the game” and ensure better administration of the program.

While the national payment error rate fell from 11.68% in the 2023 fiscal year to 10.93% a year later, 42 states still had rates in excess of 6% in 2024. Twenty states plus the District of Columbia had rates of 10% or higher.

At nearly 25%, Alaska has the highest payment error rate in the country. But Alaska won’t be in trouble right away. To ease passage in the Senate, where the vote of Sen. Lisa Murkowski, an Alaska Republican, was in doubt, a provision was added to the bill allowing several states with the highest error rates to avoid cost sharing for up to two years after it begins.

Democrats argue this may encourage states to actually increase their error rates in the short term.

The effect of the new law on the amount of help an eligible household gets is expected to be limited.

About 600,000 individuals and families will lose an average of $100 a month in benefits because of a change in the way utility costs are treated. The law also prevents future administrations from increasing benefits beyond the cost of living, as the Biden Administration did.

States cannot cut benefits below the national standards set in federal law.

But the shift of costs to financially strapped states will force them to make tough choices. They will either have to cut back spending on other programs, increase taxes, discourage people from getting SNAP benefits or drop the program altogether.

The changes will, in the end, make it even harder for Americans who can’t afford the bare necessities to get enough nutritious food to feed their families.

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

– ref. ‘Big’ legislative package shifts more of SNAP’s costs to states, saving federal dollars but causing fewer Americans to get help paying for food – https://theconversation.com/big-legislative-package-shifts-more-of-snaps-costs-to-states-saving-federal-dollars-but-causing-fewer-americans-to-get-help-paying-for-food-260166

MIL OSI Analysis –

July 7, 2025
MIL-OSI Analysis: ‘Big’ legislative package shifts more of SNAP’s costs to states, saving federal dollars but causing fewer Americans to get help paying for food

Source: The Conversation – USA (2) – By Tracy Roof, Associate Professor of Political Science, University of Richmond

People shop for food in Brooklyn in 2023 at a store that makes sure that its customers know it accepts SNAP benefits, also known as food stamps and EBT.
Spencer Platt/Getty Images

The legislative package that President Donald Trump signed into law on July 4, 2025, has several provisions that will shrink the safety net, including the Supplemental Nutrition Assistance Program, long known as food stamps. SNAP spending will decline by an estimated US$186 billion through 2034 as a result of several changes Congress made to the program that today helps roughly 42 million people buy groceries – an almost 20% reduction.

In my research on the history of food stamps, I’ve found that the program was meant to be widely available to most low-income people. The SNAP changes break that tradition in two ways.

The Congressional Budget Office estimates that about 3 million people are likely to be dropped from the program and lose their benefits. This decline will occur in part because more people will face time limits if they don’t meet work requirements. Even those who meet the requirements may lose benefits because of difficulty submitting the necessary documents.

And because states will soon have to take on more of the costs of the program, which totaled over $100 billion in 2024, they may eventually further restrict who gets help due to their own budgetary constraints.

Summing up SNAP’s origins

Inspired by the plight of unemployed coal miners whom John F. Kennedy met in Appalachia when he campaigned for the presidency in 1960, the early food stamps program was not limited to single parents with children, older people and people with disabilities, like many other safety net programs were at the time. It was supposed to help low-income people afford more and better food, regardless of their circumstances.

In response to national attention in the late 1960s to widespread hunger and malnutrition in other areas of the country, such as among tenant farmers in the rural South, a limited food stamps program was expanded. It reached every part of the country by 1974.

From the start, the states administered the program and covered some of its administrative costs and the federal government paid for the benefits in full. This arrangement encouraged states to enroll everyone who needed help without fearing the budgetary consequences.

Who could qualify and how much help they could get were set by uniform national standards, so that even the residents of the poorest states would be able to afford a budget-conscious but nutritionally adequate diet.

The federal government’s responsibility for the cost of benefits also allowed spending to automatically grow during economic downturns, when more people need assistance. These federal dollars helped families, retailers and local economies weather tough times.

The changes to the SNAP program included in the legislative package that Congress approved by narrow margins and Trump signed into law, however, will make it harder for the program to serve its original goals.

Restricting benefits

Since the early 1970s, most so-called able-bodied adults who were not caring for a child or an adult with disabilities had to meet a work requirement to get food stamps. Welfare reform legislation in 1996 made that requirement stricter for such adults between the ages of 18 and 50 by imposing a three-month time limit if they didn’t log 20 hours or more of employment or another approved activity, such as verified volunteering.

Budget legislation passed in 2023 expanded this rule to adults up to age 54. The 2025 law will further expand the time limit to adults up to age 64 and parents of children age 14 or over.

States can currently get permission from the federal government to waive work requirements in areas with insufficient jobs or unemployment above the national average. This flexibility to waive work requirements will now be significantly limited and available only where at least 1 in 10 workers are unemployed.

Concerned senators secured an exemption from the work requirements for most Native Americans and Native Alaskans, who are more likely to live in areas with limited job opportunities.

A 2023 budget deal exempted veterans, the homeless and young adults exiting the foster care system from work requirements because they can experience special challenges getting jobs. The 2025 law does not exempt them.

The new changes to SNAP policies will also deny benefits to many immigrants with authorization to be in the U.S., such as people granted political asylum or official refugee status. Immigrants without authorization to reside in the U.S. will continue to be ineligible for SNAP benefits.

Tracking ‘error rates’

Critics of food stamps have long argued that states lack incentives to carefully administer the program because the federal government is on the hook for the cost of benefits.

In the 1970s, as the number of Americans on the food stamp rolls soared, the U.S. Department of Agriculture, which oversees the program, developed a system for assessing if states were accurately determining whether applicants were eligible for benefits and how much they could get.

A state’s “payment error rate” estimates the share of benefits paid out that were more or less than an applicant was actually eligible for. The error rate was not then and is not today a measure of fraud. Typically, it just indicates the share of families who get a higher – or lower – amount of benefits than they are eligible for because of mistakes or confusion on the part of the applicant or the case worker who handles the application.

Congress tried to penalize states with error rates over 5% in the 1980s but ultimately suspended the effort under state pressure. After years of political wrangling, the USDA started to consistently enforce financial penalties on states with high error rates in the mid-1990s.

States responded by increasing their red tape. For example, they asked applicants to submit more documentation and made them go through more bureaucratic hoops, like having more frequent in-person interviews, to get – and continue receiving – SNAP benefits.

These demands hit low-wage workers hardest because their applications were more prone to mistakes. Low-income workers often don’t have consistent work hours and their pay can vary from week to week and month to month. The number of families getting benefits fell steeply.

The USDA tried to reverse this decline by offering states options to simplify the process for applying for and continuing to get SNAP benefits over the course of the presidencies of Bill Clinton, George W. Bush and Barack Obama. Enrollment grew steadily.

Penalizing high rates

Since 2008, states with error rates over 6% have had to develop a detailed plan to lower them.

Despite this requirement, the national average error rate jumped from 7.4% before the pandemic, to a record high of 11.7% in 2023. Rates rose as states struggled with a surge of people applying for benefits, a shortage of staff in state welfare agencies and procedural changes.

Republican leaders in Congress have responded to that increase by calling for more accountability.

Making states pay more

The big legislative package will increase states’ expenses in two ways.

It will reduce the federal government’s responsibility for half of the cost of administering the program to 25% beginning in the 2027 fiscal year.

And some states will have to pay a share of benefit costs for the first time in the program’s history, depending on their payment error rates. Beginning in the 2028 fiscal year, states with an error rate between 6-8% would be responsible for 5% of the cost of benefits. Those with an error rate between 8-10% would have to pay 10%, and states with an error rate over 10% would have to pay 15%. The federal government would continue to pay all benefits in states with error rates below 6%.

Republicans argue the changes will give states more “skin in the game” and ensure better administration of the program.

While the national payment error rate fell from 11.68% in the 2023 fiscal year to 10.93% a year later, 42 states still had rates in excess of 6% in 2024. Twenty states plus the District of Columbia had rates of 10% or higher.

At nearly 25%, Alaska has the highest payment error rate in the country. But Alaska won’t be in trouble right away. To ease passage in the Senate, where the vote of Sen. Lisa Murkowski, an Alaska Republican, was in doubt, a provision was added to the bill allowing several states with the highest error rates to avoid cost sharing for up to two years after it begins.

Democrats argue this may encourage states to actually increase their error rates in the short term.

The effect of the new law on the amount of help an eligible household gets is expected to be limited.

About 600,000 individuals and families will lose an average of $100 a month in benefits because of a change in the way utility costs are treated. The law also prevents future administrations from increasing benefits beyond the cost of living, as the Biden Administration did.

States cannot cut benefits below the national standards set in federal law.

But the shift of costs to financially strapped states will force them to make tough choices. They will either have to cut back spending on other programs, increase taxes, discourage people from getting SNAP benefits or drop the program altogether.

The changes will, in the end, make it even harder for Americans who can’t afford the bare necessities to get enough nutritious food to feed their families.

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

– ref. ‘Big’ legislative package shifts more of SNAP’s costs to states, saving federal dollars but causing fewer Americans to get help paying for food – https://theconversation.com/big-legislative-package-shifts-more-of-snaps-costs-to-states-saving-federal-dollars-but-causing-fewer-americans-to-get-help-paying-for-food-260166

MIL OSI Analysis –

July 7, 2025
MIL-OSI Analysis: ‘Big’ legislative package shifts more of SNAP’s costs to states, saving federal dollars but causing fewer Americans to get help paying for food

Source: The Conversation – USA (2) – By Tracy Roof, Associate Professor of Political Science, University of Richmond

People shop for food in Brooklyn in 2023 at a store that makes sure that its customers know it accepts SNAP benefits, also known as food stamps and EBT.
Spencer Platt/Getty Images

The legislative package that President Donald Trump signed into law on July 4, 2025, has several provisions that will shrink the safety net, including the Supplemental Nutrition Assistance Program, long known as food stamps. SNAP spending will decline by an estimated US$186 billion through 2034 as a result of several changes Congress made to the program that today helps roughly 42 million people buy groceries – an almost 20% reduction.

In my research on the history of food stamps, I’ve found that the program was meant to be widely available to most low-income people. The SNAP changes break that tradition in two ways.

The Congressional Budget Office estimates that about 3 million people are likely to be dropped from the program and lose their benefits. This decline will occur in part because more people will face time limits if they don’t meet work requirements. Even those who meet the requirements may lose benefits because of difficulty submitting the necessary documents.

And because states will soon have to take on more of the costs of the program, which totaled over $100 billion in 2024, they may eventually further restrict who gets help due to their own budgetary constraints.

Summing up SNAP’s origins

Inspired by the plight of unemployed coal miners whom John F. Kennedy met in Appalachia when he campaigned for the presidency in 1960, the early food stamps program was not limited to single parents with children, older people and people with disabilities, like many other safety net programs were at the time. It was supposed to help low-income people afford more and better food, regardless of their circumstances.

In response to national attention in the late 1960s to widespread hunger and malnutrition in other areas of the country, such as among tenant farmers in the rural South, a limited food stamps program was expanded. It reached every part of the country by 1974.

From the start, the states administered the program and covered some of its administrative costs and the federal government paid for the benefits in full. This arrangement encouraged states to enroll everyone who needed help without fearing the budgetary consequences.

Who could qualify and how much help they could get were set by uniform national standards, so that even the residents of the poorest states would be able to afford a budget-conscious but nutritionally adequate diet.

The federal government’s responsibility for the cost of benefits also allowed spending to automatically grow during economic downturns, when more people need assistance. These federal dollars helped families, retailers and local economies weather tough times.

The changes to the SNAP program included in the legislative package that Congress approved by narrow margins and Trump signed into law, however, will make it harder for the program to serve its original goals.

Restricting benefits

Since the early 1970s, most so-called able-bodied adults who were not caring for a child or an adult with disabilities had to meet a work requirement to get food stamps. Welfare reform legislation in 1996 made that requirement stricter for such adults between the ages of 18 and 50 by imposing a three-month time limit if they didn’t log 20 hours or more of employment or another approved activity, such as verified volunteering.

Budget legislation passed in 2023 expanded this rule to adults up to age 54. The 2025 law will further expand the time limit to adults up to age 64 and parents of children age 14 or over.

States can currently get permission from the federal government to waive work requirements in areas with insufficient jobs or unemployment above the national average. This flexibility to waive work requirements will now be significantly limited and available only where at least 1 in 10 workers are unemployed.

Concerned senators secured an exemption from the work requirements for most Native Americans and Native Alaskans, who are more likely to live in areas with limited job opportunities.

A 2023 budget deal exempted veterans, the homeless and young adults exiting the foster care system from work requirements because they can experience special challenges getting jobs. The 2025 law does not exempt them.

The new changes to SNAP policies will also deny benefits to many immigrants with authorization to be in the U.S., such as people granted political asylum or official refugee status. Immigrants without authorization to reside in the U.S. will continue to be ineligible for SNAP benefits.

Tracking ‘error rates’

Critics of food stamps have long argued that states lack incentives to carefully administer the program because the federal government is on the hook for the cost of benefits.

In the 1970s, as the number of Americans on the food stamp rolls soared, the U.S. Department of Agriculture, which oversees the program, developed a system for assessing if states were accurately determining whether applicants were eligible for benefits and how much they could get.

A state’s “payment error rate” estimates the share of benefits paid out that were more or less than an applicant was actually eligible for. The error rate was not then and is not today a measure of fraud. Typically, it just indicates the share of families who get a higher – or lower – amount of benefits than they are eligible for because of mistakes or confusion on the part of the applicant or the case worker who handles the application.

Congress tried to penalize states with error rates over 5% in the 1980s but ultimately suspended the effort under state pressure. After years of political wrangling, the USDA started to consistently enforce financial penalties on states with high error rates in the mid-1990s.

States responded by increasing their red tape. For example, they asked applicants to submit more documentation and made them go through more bureaucratic hoops, like having more frequent in-person interviews, to get – and continue receiving – SNAP benefits.

These demands hit low-wage workers hardest because their applications were more prone to mistakes. Low-income workers often don’t have consistent work hours and their pay can vary from week to week and month to month. The number of families getting benefits fell steeply.

The USDA tried to reverse this decline by offering states options to simplify the process for applying for and continuing to get SNAP benefits over the course of the presidencies of Bill Clinton, George W. Bush and Barack Obama. Enrollment grew steadily.

Penalizing high rates

Since 2008, states with error rates over 6% have had to develop a detailed plan to lower them.

Despite this requirement, the national average error rate jumped from 7.4% before the pandemic, to a record high of 11.7% in 2023. Rates rose as states struggled with a surge of people applying for benefits, a shortage of staff in state welfare agencies and procedural changes.

Republican leaders in Congress have responded to that increase by calling for more accountability.

Making states pay more

The big legislative package will increase states’ expenses in two ways.

It will reduce the federal government’s responsibility for half of the cost of administering the program to 25% beginning in the 2027 fiscal year.

And some states will have to pay a share of benefit costs for the first time in the program’s history, depending on their payment error rates. Beginning in the 2028 fiscal year, states with an error rate between 6-8% would be responsible for 5% of the cost of benefits. Those with an error rate between 8-10% would have to pay 10%, and states with an error rate over 10% would have to pay 15%. The federal government would continue to pay all benefits in states with error rates below 6%.

Republicans argue the changes will give states more “skin in the game” and ensure better administration of the program.

While the national payment error rate fell from 11.68% in the 2023 fiscal year to 10.93% a year later, 42 states still had rates in excess of 6% in 2024. Twenty states plus the District of Columbia had rates of 10% or higher.

At nearly 25%, Alaska has the highest payment error rate in the country. But Alaska won’t be in trouble right away. To ease passage in the Senate, where the vote of Sen. Lisa Murkowski, an Alaska Republican, was in doubt, a provision was added to the bill allowing several states with the highest error rates to avoid cost sharing for up to two years after it begins.

Democrats argue this may encourage states to actually increase their error rates in the short term.

The effect of the new law on the amount of help an eligible household gets is expected to be limited.

About 600,000 individuals and families will lose an average of $100 a month in benefits because of a change in the way utility costs are treated. The law also prevents future administrations from increasing benefits beyond the cost of living, as the Biden Administration did.

States cannot cut benefits below the national standards set in federal law.

But the shift of costs to financially strapped states will force them to make tough choices. They will either have to cut back spending on other programs, increase taxes, discourage people from getting SNAP benefits or drop the program altogether.

The changes will, in the end, make it even harder for Americans who can’t afford the bare necessities to get enough nutritious food to feed their families.

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

– ref. ‘Big’ legislative package shifts more of SNAP’s costs to states, saving federal dollars but causing fewer Americans to get help paying for food – https://theconversation.com/big-legislative-package-shifts-more-of-snaps-costs-to-states-saving-federal-dollars-but-causing-fewer-americans-to-get-help-paying-for-food-260166

MIL OSI Analysis –

July 7, 2025
MIL-OSI: Personal Loans for Fair Credit Upto $5,000 Direct Lenders Guaranteed Approval By Loans At Last
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 06, 2025 (GLOBE NEWSWIRE) —

As economic pressures continue to challenge U.S. households, many consumers with mid-tier credit scores are turning to personal loans for fair credit to manage unexpected expenses, consolidate debt, or fund necessary purchases. These loans provide structured repayment terms that may be more accessible than traditional financing while offering lower rates than high-cost subprime lending.

>>> Applicants interested in exploring personal loan options can review lender >>>

Fair credit, typically defined as a FICO score between 580 and 669, represents a large segment of the population. According to Experian, nearly 18% of Americans fall within this range. With inflation, rising housing costs, and medical bills straining household budgets, the demand for financial products tailored to this group is growing.

A Federal Reserve report highlights that over 60% of Americans would struggle to cover a $400 emergency cost without borrowing or selling personal items. For borrowers with fair credit, personal loans provide an alternative to installment loans and payday loans, offering fixed monthly payments and clear terms.

>>> Applicants interested in exploring personal loan options can review lender >>>

Why Personal Loans for Fair Credit Are Increasingly Popular

Borrowers with fair credit often find themselves in a unique position. Their credit scores may limit their access to the most favorable loan terms from traditional banks or credit unions, but they typically qualify for better options than those available to individuals with poor credit.

Personal loans for fair credit are commonly used for:
- Covering emergency medical expenses
- Repairing or replacing essential household appliances
- Addressing urgent car repairs
- Managing unexpected travel for family needs
- Consolidating high-interest debt into a single monthly payment
These loans offer predictability through fixed monthly installments, helping borrowers plan their budgets while addressing immediate financial needs.

How Lenders Evaluate Personal Loan Applications for Fair Credit

While a credit score is a factor, lenders offering personal loans to borrowers with fair credit often consider a wider range of criteria. This includes:
- Income level: Demonstrating the ability to meet repayment obligations
- Employment history: Stability of employment can influence loan offers
- Debt-to-income ratio: Lenders assess existing obligations to ensure borrowers are not overextended
- Length of credit history: A longer, positive credit history can work in a borrower’s favor
This broader evaluation helps individuals with fair credit access personal loans with more favorable rates than subprime options, while still addressing lender risk.

Market Trends Driving Interest in Personal Loans for Fair Credit

Several trends contribute to the growing demand for personal loans for fair credit:

Inflation and rising living costs: Essentials like rent, groceries, and utilities have increased in cost, leaving less room in household budgets for unexpected expenses.

Credit card interest rates: With average credit card APRs climbing, many borrowers seek personal loans to consolidate balances and reduce monthly interest costs.

Digital loan platforms: Technology has made loan comparison and application faster and easier. Borrowers can submit a single application and receive multiple loan offers online, without visiting physical branches.

Desire for structured repayment: Borrowers often prefer the predictability of fixed-rate personal loans to variable-rate or revolving credit options.

Common Borrowing Scenarios for Fair Credit Personal Loans

Borrowers with fair credit often use personal loans for a range of purposes beyond emergency needs. Some common scenarios include:

Home repairs: Replacing a malfunctioning furnace, repairing a roof, or addressing plumbing issues without turning to high-interest credit cards.

Medical procedures: Funding dental work, minor surgeries, or treatments not fully covered by insurance.

Moving expenses: Covering the cost of relocation for work or family reasons.

Wedding or event costs: Financing large personal events that require lump-sum payments.

Educational expenses: Paying for certifications, training programs, or educational materials not covered by student loans.

These use cases reflect the versatility of personal loans as a tool for managing planned and unplanned expenses.

Responsible Borrowing Practices for Fair Credit Loans

Consumers exploring personal loans for fair credit are encouraged to take steps that support sound borrowing decisions:

✅ Review all loan terms carefully — Understand interest rates, fees, and the total cost of the loan over its term.

✅ Borrow only what is necessary — Taking out a larger loan than needed can increase repayment stress.

✅ Confirm lender licensing — Work only with lenders licensed to operate in your state, ensuring compliance with consumer protection laws.

✅ Plan for repayment — Ensure monthly payments fit within your budget to avoid late fees or credit score impact.

While marketing language may suggest guaranteed approval or no-credit-check loans, reputable lenders typically conduct some level of review to ensure loans are offered responsibly.

Regulatory Considerations in the Personal Loan Market

Personal loans for fair credit fall under the oversight of both state and federal regulations designed to protect consumers. Lenders are required to:
- Disclose all fees, rates, and repayment terms clearly
- Avoid unfair or deceptive lending practices
- Comply with fair lending laws that prohibit discrimination based on race, gender, or other protected characteristics
Borrowers benefit from reviewing their rights under laws like the Truth in Lending Act (TILA) and the Equal Credit Opportunity Act (ECOA) when considering loan offers.

The Role of Digital Lending Platforms

Online platforms have transformed the personal loan market by giving borrowers the ability to submit a single application and compare multiple loan offers. These platforms connect borrowers with networks of licensed lenders offering loans suited to different credit profiles, including fair credit.

Digital lending platforms help reduce application time and allow borrowers to evaluate options from the convenience of home. However, borrowers should still review each offer carefully to choose the one that best aligns with their financial needs.

About Loans at Last

Founded in 2018, Loans at Last is an online platform that connects U.S. consumers with licensed direct lenders offering personal loan options. The platform enables borrowers to explore loan solutions suited to their credit profiles, while emphasizing transparency, compliance, and borrower education

Disclaimer

Loans at Last is not a lender and does not make credit decisions. Loan terms, amounts, APRs, and conditions are determined by third-party lenders based on applicant qualifications and state law. Borrowers should review all terms carefully before accepting any offer.

Final Thought

As economic challenges persist, personal loans for fair credit remain an important option for individuals managing unexpected costs, consolidating debt, or financing planned purchases. By working with licensed lenders and reviewing loan terms carefully, borrowers can make informed decisions that support their financial well-being.

Project Name: Loans At Last
Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801
Company Website: https://loansatlast.com/
Email: smith@loansatlast.com
Phone: 307-777-7311
Contact person name: Smith
contact person email: smith@loansatlast.com

Attachment
- Loans At Last
The MIL Network –
July 7, 2025
MIL-OSI: Personal Loans for Fair Credit Upto $5,000 Direct Lenders Guaranteed Approval By Loans At Last
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 06, 2025 (GLOBE NEWSWIRE) —

As economic pressures continue to challenge U.S. households, many consumers with mid-tier credit scores are turning to personal loans for fair credit to manage unexpected expenses, consolidate debt, or fund necessary purchases. These loans provide structured repayment terms that may be more accessible than traditional financing while offering lower rates than high-cost subprime lending.

>>> Applicants interested in exploring personal loan options can review lender >>>

Fair credit, typically defined as a FICO score between 580 and 669, represents a large segment of the population. According to Experian, nearly 18% of Americans fall within this range. With inflation, rising housing costs, and medical bills straining household budgets, the demand for financial products tailored to this group is growing.

A Federal Reserve report highlights that over 60% of Americans would struggle to cover a $400 emergency cost without borrowing or selling personal items. For borrowers with fair credit, personal loans provide an alternative to installment loans and payday loans, offering fixed monthly payments and clear terms.

>>> Applicants interested in exploring personal loan options can review lender >>>

Why Personal Loans for Fair Credit Are Increasingly Popular

Borrowers with fair credit often find themselves in a unique position. Their credit scores may limit their access to the most favorable loan terms from traditional banks or credit unions, but they typically qualify for better options than those available to individuals with poor credit.

Personal loans for fair credit are commonly used for:
- Covering emergency medical expenses
- Repairing or replacing essential household appliances
- Addressing urgent car repairs
- Managing unexpected travel for family needs
- Consolidating high-interest debt into a single monthly payment
These loans offer predictability through fixed monthly installments, helping borrowers plan their budgets while addressing immediate financial needs.

How Lenders Evaluate Personal Loan Applications for Fair Credit

While a credit score is a factor, lenders offering personal loans to borrowers with fair credit often consider a wider range of criteria. This includes:
- Income level: Demonstrating the ability to meet repayment obligations
- Employment history: Stability of employment can influence loan offers
- Debt-to-income ratio: Lenders assess existing obligations to ensure borrowers are not overextended
- Length of credit history: A longer, positive credit history can work in a borrower’s favor
This broader evaluation helps individuals with fair credit access personal loans with more favorable rates than subprime options, while still addressing lender risk.

Market Trends Driving Interest in Personal Loans for Fair Credit

Several trends contribute to the growing demand for personal loans for fair credit:

Inflation and rising living costs: Essentials like rent, groceries, and utilities have increased in cost, leaving less room in household budgets for unexpected expenses.

Credit card interest rates: With average credit card APRs climbing, many borrowers seek personal loans to consolidate balances and reduce monthly interest costs.

Digital loan platforms: Technology has made loan comparison and application faster and easier. Borrowers can submit a single application and receive multiple loan offers online, without visiting physical branches.

Desire for structured repayment: Borrowers often prefer the predictability of fixed-rate personal loans to variable-rate or revolving credit options.

Common Borrowing Scenarios for Fair Credit Personal Loans

Borrowers with fair credit often use personal loans for a range of purposes beyond emergency needs. Some common scenarios include:

Home repairs: Replacing a malfunctioning furnace, repairing a roof, or addressing plumbing issues without turning to high-interest credit cards.

Medical procedures: Funding dental work, minor surgeries, or treatments not fully covered by insurance.

Moving expenses: Covering the cost of relocation for work or family reasons.

Wedding or event costs: Financing large personal events that require lump-sum payments.

Educational expenses: Paying for certifications, training programs, or educational materials not covered by student loans.

These use cases reflect the versatility of personal loans as a tool for managing planned and unplanned expenses.

Responsible Borrowing Practices for Fair Credit Loans

Consumers exploring personal loans for fair credit are encouraged to take steps that support sound borrowing decisions:

✅ Review all loan terms carefully — Understand interest rates, fees, and the total cost of the loan over its term.

✅ Borrow only what is necessary — Taking out a larger loan than needed can increase repayment stress.

✅ Confirm lender licensing — Work only with lenders licensed to operate in your state, ensuring compliance with consumer protection laws.

✅ Plan for repayment — Ensure monthly payments fit within your budget to avoid late fees or credit score impact.

While marketing language may suggest guaranteed approval or no-credit-check loans, reputable lenders typically conduct some level of review to ensure loans are offered responsibly.

Regulatory Considerations in the Personal Loan Market

Personal loans for fair credit fall under the oversight of both state and federal regulations designed to protect consumers. Lenders are required to:
- Disclose all fees, rates, and repayment terms clearly
- Avoid unfair or deceptive lending practices
- Comply with fair lending laws that prohibit discrimination based on race, gender, or other protected characteristics
Borrowers benefit from reviewing their rights under laws like the Truth in Lending Act (TILA) and the Equal Credit Opportunity Act (ECOA) when considering loan offers.

The Role of Digital Lending Platforms

Online platforms have transformed the personal loan market by giving borrowers the ability to submit a single application and compare multiple loan offers. These platforms connect borrowers with networks of licensed lenders offering loans suited to different credit profiles, including fair credit.

Digital lending platforms help reduce application time and allow borrowers to evaluate options from the convenience of home. However, borrowers should still review each offer carefully to choose the one that best aligns with their financial needs.

About Loans at Last

Founded in 2018, Loans at Last is an online platform that connects U.S. consumers with licensed direct lenders offering personal loan options. The platform enables borrowers to explore loan solutions suited to their credit profiles, while emphasizing transparency, compliance, and borrower education

Disclaimer

Loans at Last is not a lender and does not make credit decisions. Loan terms, amounts, APRs, and conditions are determined by third-party lenders based on applicant qualifications and state law. Borrowers should review all terms carefully before accepting any offer.

Final Thought

As economic challenges persist, personal loans for fair credit remain an important option for individuals managing unexpected costs, consolidating debt, or financing planned purchases. By working with licensed lenders and reviewing loan terms carefully, borrowers can make informed decisions that support their financial well-being.

Project Name: Loans At Last
Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801
Company Website: https://loansatlast.com/
Email: smith@loansatlast.com
Phone: 307-777-7311
Contact person name: Smith
contact person email: smith@loansatlast.com

Attachment
- Loans At Last
The MIL Network –
July 7, 2025
MIL-OSI Africa: President highlights investment opportunities at SA-Austria Business Forum

Source: Government of South Africa

President Cyril Ramaphosa has reaffirmed South Africa’s commitment to strengthening bilateral trade and investment ties with Austria, highlighting a range of mutually beneficial opportunities across key economic sectors.

Speaking at the South Africa-Austria Business Forum in Pretoria on Friday, President Ramaphosa underscored the importance of deepening economic collaboration between the two countries.

“It is my pleasure to address the South Africa-Austria Business Forum at this important time, as we seek to further deepen economic ties between our countries.

“Austria and South Africa enjoy strong bilateral trade and investment relations spanning energy, industrial technology, pharmaceuticals and vocational training,” he said.

The President noted that trade between the two countries has been steadily increasing, with several Austrian companies operating in South Africa through direct investments, distribution, sales offices and service projects.

“There are many more opportunities for investment by Austrian companies in South Africa. There are opportunities in areas such as renewable energy generation, agro-processing and component manufacturing opportunities.

“There are also opportunities in critical minerals beneficiations, pharmaceuticals, technology and innovation, among others,” President Ramaphosa said.

South Africa, he said, is showing signs of recovery following recent economic challenges. The improvement in electricity supply and a moderation in inflation are among the encouraging signs.

“We have embarked on a massive infrastructure drive, with key investments concentrated in energy, transport and logistics, water and sanitation, and digital infrastructure,” the President said.

He detailed the role of the country’s Infrastructure Fund, which has mobilised blended financing to support major projects across several sectors. At the same time, structural reforms are being implemented to enhance the efficiency and competitiveness of energy and logistics sectors.

As the global economy transitions towards greener alternatives, President Ramaphosa said South Africa is positioning itself as a front-runner in the green and digital economy.

“South Africa has developed a regulatory framework to harness the potential of the hydrogen economy. We are actively developing an industrial plan to support the growth of electric vehicle and battery production,” he said.

This industrial strategy includes incentives for manufacturers, investment in charging infrastructure and localisation of components. It is supported by an enabling policy environment, including the expansion of special economic zones and active participation in the African Continental Free Trade Area (AfCFTA).

“Our special economic zones offer an internationally competitive value proposition with an attractive suite of incentives,” he noted.

President Ramaphosa said the AfCFTA will remove trade barriers and unlock greater investment opportunities, particularly for Austrian businesses looking to enter new markets across the continent.

“It will drive a wave of industrialisation and create dynamic regional value chains. This presents opportunities for Austrian businesses and investors,” he said.

Highlighting South Africa’s role as an anchor in regional value chains, he said the country’s manufacturing sector sources inputs from across the continent, which are then exported as finished goods.

South Africa also offers rich reserves of critical minerals for the energy transition, especially platinum group metals, giving it a competitive edge in producing sustainable energy technologies.

Beyond investment, President Ramaphosa said, South African businesses are keen to explore Austrian opportunities, particularly in organic food markets, renewable energy, and supply chains across mining, automotive and other sectors.

“There is high demand for our agricultural products in the EU, including high-quality South African wines and speciality foods like rooibos,” he said.

On tourism, the President expressed the country’s desire to see more Austrian tourists visiting South Africa and vice versa, with a particular interest in eco, sports, and heritage tourism.

He also welcomed the signing of a Memorandum of Understanding earlier in the day on technical and vocational training.

“We want to learn from Austria on how to achieve the delicate balance between building the workforce of the future and growing the skills needed by the economy today,” President Ramaphosa said.

Closing his address, the President affirmed the South African government’s continued commitment to private sector collaboration as a catalyst for economic growth and job creation.

“By working together with all social partners, we have embarked on a new era of growth, progress and inclusive, shared prosperity. I am confident that the engagements, discussions and networking sessions from this forum will yield great benefits for both South African and Austrian companies.

“It is clear from this Business Forum that there are abundant opportunities for even greater partnership, progress and shared prosperity,” he said. – SAnews.gov.za

MIL OSI Africa –

July 6, 2025
MIL-OSI: Lightchain AI Launches Final Bonus Round After Completing 15 Presale Stages and Raising $20.9M
Source: GlobeNewswire (MIL-OSI)

SHREWSBURY, United Kingdom, July 06, 2025 (GLOBE NEWSWIRE) — Lightchain AI, a next-generation decentralized AI infrastructure project, has officially entered its Final Bonus Round, following the successful completion of all 15 presale stages and raising $20.9 million in token sales. This milestone reflects strong market confidence and positions the project ahead of its anticipated mainnet launch in July 2025.

The Bonus Round offers tokens at a fixed price of $0.007125, presenting a final opportunity for early participants to acquire LCAI before the transition to public trading. This phase also coincides with new ecosystem developments, including a grant initiative and upcoming developer onboarding tools.

Presale Completion Signals Market Momentum

Lightchain AI’s presale, which was structured across 15 progressive funding stages, reached its hard cap target with broad support from retail and strategic contributors. The structured approach ensured measured token distribution and early ecosystem growth while minimizing volatility.

The platform’s architecture is designed to power decentralized artificial intelligence through the Artificial Intelligence Virtual Machine (AIVM) and a proprietary Proof-of-Intelligence (PoI) consensus model. This model rewards validator nodes for completing valuable AI computations, creating a sustainable framework for network participation and data processing.

Ecosystem Tools and Grants Rolling Out

Following the presale, Lightchain AI is expanding its Developer Portal, which provides SDKs, APIs, and comprehensive technical documentation to enable builders to launch and scale AI-powered decentralized applications. In parallel, a $150,000 grant pool has been allocated to fund early-stage projects contributing to the Lightchain ecosystem.

In a move to further promote decentralization and developer alignment, the originally designated 5% Team Allocation has been reallocated toward ecosystem growth, community incentives, and validator support. Public GitHub repositories are scheduled to go live alongside the mainnet launch to promote transparent and collaborative development.

Bonus Round to Close Ahead of Mainnet

With the Bonus Round now live, Lightchain AI is finalizing preparations for mainnet deployment. The round will remain open for a limited time, offering fixed pricing and early access benefits for participants, including governance opportunities, developer incentives, and validator onboarding.

“Completing 15 stages and entering the Bonus Round represents a major leap forward for Lightchain AI,” said a project spokesperson. “We are focused on delivering a scalable and intelligent blockchain infrastructure, and this final phase allows the community to grow with us as we approach launch.”

Key Dates & Participation Info
- Bonus Round Pricing: $0.007125 per LCAI
- Mainnet Launch: July 2025
- Grant Applications: Open Q3 2025
- GitHub Repositories: Public release at mainnet
Learn More or Join the Bonus Round

lightchain.ai
Whitepaper
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Contact:
SHAJAN SKARIA
media@lightchain.ai

Disclaimer: This content is provided by Lightchain 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. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at:
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The MIL Network –
July 6, 2025
MIL-OSI United Kingdom: Parents urged to read more to boost children’s life chances
Source: United Kingdom – Executive Government & Departments

Press release

Parents urged to read more to boost children’s life chances

Education Secretary urges parents to swap scrolling with reading as she launches a National Year of Reading for 2026 to boost kids’ literacy and life chances.
The Education Secretary is calling on parents to lead by example and make reading a daily habit to help reverse the decline in reading for pleasure, to help give kids the best start in life as part of the Plan for Change.

The call comes as the Department for Education and National Literacy Trust join forces to launch a National Year of Reading, starting in January 2026 to kick start a reading revolution. It will reverse the trend as just one in three aged 8 to 18 said they enjoyed reading in their free time in 2025.

Bringing together parents, schools, libraries, businesses and literacy experts, the campaign aims to foster a love of reading for pleasure in children and young people, ensuring all children get the best start in life.

Reading for pleasure isn’t just a hobby. It’s linked to a range of benefits including stronger writing skills, improved wellbeing and confidence, and even higher future earnings, with new data showing those proficient in reading and writing in primary school earn £65,000 more over their lifetime.

The government inherited a system which is holding too many children back from future success with over a quarter leaving primary school not meeting the expected standard in reading. This grows to 40% and 59% respectively for children from white-working class backgrounds and those with special educational needs.

The Year will build on the action already underway to drive high and rising standards in literacy including investing £27.7 million to support the teaching of reading and writing in primary school and targeted support for struggling readers in secondary school, as well as the ongoing curriculum and assessment review.

The campaign contributes to the government’s driving mission to break the link between a child’s background and what they go on to achieve and comes as the Education Secretary sets out her vision for ensuring every child gets the best possible start in life and starts school ready to learn including by boosting early literacy skills through the expansion of the government’s network of English Hubs.

Education Secretary, Bridget Phillipson said:

As someone whose love of reading was sparked in childhood, I know just how powerful books can be in shaping young lives.

Reading holds the keys to so much of children’s education, so the decline in reading for pleasure among young people should sound alarm bells loud and clear.

This can’t be just a government mission. It needs to be a national one. So, it’s time for all of us to play our part, put our phones down and pick up a book.

When parents take the time to read with their children early on, they lay the foundations for strong literacy skills, helping kids to be school ready. By making reading a daily habit, even just 10 minutes a day, we can help give kids the best start in life, as part of the Plan for Change.

To kick start the reading revolution this summer, the National Literacy Trust will distribute over 72,000 new books to children in areas with the highest rates of child poverty to support positive reading habits at home.

This comes during the Summer Reading Challenge to ensure more children have the opportunity to take part and build a love of reading over the break.

CEO of the National Literacy Trust, Jonathan Douglas, said:

At a time when we are witnessing the lowest levels of reading enjoyment and daily reading in a generation, we are delighted to be working with the government to deliver the National Year of Reading 2026 – a bold, society-wide campaign to reimagine how we understand, support and promote reading. Reading is the foundation of a successful life – the key to unlocking potential, strengthening social cohesion, enhancing wellbeing and boosting skills.

The National Year of Reading 2026 presents an opportunity to join forces across sectors and redefine reading as a powerful, contemporary activity for a generation. Working closely with schools, families, libraries, communities and partners across the country, we will make reading a shared national mission – because every child, no matter their background, deserves the best start in life and every adult deserves to get the best out of life.

The campaign will be packed full of exciting school and community events and activities supported by a dedicated website, backed by over 30 organisations so far including Premier League, Julia Rausing Trust, Arts Council England, the Very Group and a range of publishers.

Clare Sumner, Chief Policy and Social Impact Officer at the Premier League said:

The Premier League has worked alongside the National Literacy Trust for nearly 25 years, using the power of football to inspire children across England and Wales to develop a love of reading from a young age. Through our Premier League Primary Stars and Premier League Inspires education programmes we continue to support children and young people aged five to 18. Since 2017, we have provided over 350,000 free books to schools and a range of free curriculum-linked resources using children’s passion for football to engage them in learning. We look forward to working alongside the National Literacy Trust and the Department for Education to engage young people as part of the National Year of Reading.

CEO of the Publishers Association, Dan Conway, said:

Publishers are proud to be working with the government and partners to help transform lives through reading. A wide range of publishers of all sizes have contributed financially and the whole publishing industry is ready to get behind this campaign to ensure it sparks lasting behaviour change. This is a once in a generation opportunity for us to work with the government and make a huge difference for the benefit of society. Reading for enjoyment is the best indicator of a child’s future success and brings a huge number of benefits from supporting mental health, helping develop empathy and encouraging children to explore their interests independently.

Karen Napier MBE, CEO, The Reading Agency said:

The Reading Agency is delighted to be here in the No 10 Garden to champion this year’s Story Garden Summer Reading Challenge, which brings together the magic of nature and the joy of books. It is a wonderful moment to celebrate the power of stories to spark imaginations across the country.

We believe every child deserves access to the transformative power of reading, and that journey begins in the library this summer. Sign up for this free, fun way to keep children reading all summer long.

With 26 years of evidence behind it and with the National Year of Reading approaching, we look forward to everyone building on the 15 million reading journeys already started through this life-changing programme.

Simon Fourmy, Director of The Julia Rausing Trust, said:

The National Year of Reading 2026 is an exciting campaign that builds on the Trust’s longstanding support of literacy initiatives. It will encourage people across the UK to engage with books, bringing opportunities to develop essential skills and a life-long love of reading. The Julia Rausing Trust is proud to be an early funder, and we encourage others to join us in supporting this important campaign.

The Education Secretary will address businesses and leading literacy advocates tomorrow (7 July 2025) at No.10 to rally further support ahead of the National Year of Reading.

DfE media enquiries

Central newsdesk – for journalists 020 7783 8300

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Published 6 July 2025
MIL OSI United Kingdom –
July 6, 2025
Defence Minister Rajnath Singh to inaugurate Controllers’ Conference 2025 on July 7

Source: Government of India

Source: Government of India (4)

Defence Minister Rajnath Singh will inaugurate the Controllers’ Conference 2025, hosted by the Defence Accounts Department (DAD), on July 7 at DRDO Bhawan, New Delhi. The three-day conference, from July 7 to 9, will bring together India’s top defence and financial leadership to chart the future of defence financial governance.

This year’s theme, “Transforming Financial Advice, Payment, Audit and Accounting through Defence Finance and Economics”, marks a strategic shift positioning DAD as a future-ready institution focused on national defence and economic resilience. The department’s new Mission Statement and Motto – ‘Alert, Agile, Adaptive’ – will also be unveiled during the event, said the Defence Ministry.

Eight high-level business sessions or Manan Satras will address key areas including budget reform, audit restructuring, pricing innovation, and capacity building. These discussions aim to redefine the role of Integrated Financial Advisors (IFAs) in fostering fiscal discipline while supporting a competitive and self-reliant defence industry.

Managing a defence budget of Rs 26.8 lakh crore – including Rs 1.7 lakh crore for pensions – DAD plays a vital role in disbursements, procurement pricing, auditing, and strategic advisory. Recent digital reforms such as SAMPURNA, SPARSH, e-Raksha Awaas, and AI-based procurement systems have enhanced transparency and service delivery across the defence finance ecosystem.

With 206 outreach programs and over 200 service centres established in the past year, DAD is strengthening last-mile connectivity and stakeholder engagement. Training institutions like NADFM Pune and CENTRAD Delhi are also pioneering officer education in defence economics and data analytics.

Aligned with the Ministry of Defence’s declaration of 2025 as the Year of Reform, the Controllers’ Conference is expected to yield actionable outcomes aimed at building a smarter, more agile defence financial architecture – one that aligns with the goals of Atmanirbhar Bharat and strengthens India’s long-term national security.

Key dignitaries attending the event include Chief of Defence Staff General Anil Chauhan, the three service chiefs, Defence Secretary Rajesh Kumar Singh, Financial Adviser (Defence Services) S G Dastidar, and Controller General of Defence Accounts Dr Mayank Sharma.

July 6, 2025
Defence Minister Rajnath Singh to inaugurate Controllers’ Conference 2025 on July 7

Source: Government of India

Source: Government of India (4)

Defence Minister Rajnath Singh will inaugurate the Controllers’ Conference 2025, hosted by the Defence Accounts Department (DAD), on July 7 at DRDO Bhawan, New Delhi. The three-day conference, from July 7 to 9, will bring together India’s top defence and financial leadership to chart the future of defence financial governance.

This year’s theme, “Transforming Financial Advice, Payment, Audit and Accounting through Defence Finance and Economics”, marks a strategic shift positioning DAD as a future-ready institution focused on national defence and economic resilience. The department’s new Mission Statement and Motto – ‘Alert, Agile, Adaptive’ – will also be unveiled during the event, said the Defence Ministry.

Eight high-level business sessions or Manan Satras will address key areas including budget reform, audit restructuring, pricing innovation, and capacity building. These discussions aim to redefine the role of Integrated Financial Advisors (IFAs) in fostering fiscal discipline while supporting a competitive and self-reliant defence industry.

Managing a defence budget of Rs 26.8 lakh crore – including Rs 1.7 lakh crore for pensions – DAD plays a vital role in disbursements, procurement pricing, auditing, and strategic advisory. Recent digital reforms such as SAMPURNA, SPARSH, e-Raksha Awaas, and AI-based procurement systems have enhanced transparency and service delivery across the defence finance ecosystem.

With 206 outreach programs and over 200 service centres established in the past year, DAD is strengthening last-mile connectivity and stakeholder engagement. Training institutions like NADFM Pune and CENTRAD Delhi are also pioneering officer education in defence economics and data analytics.

Aligned with the Ministry of Defence’s declaration of 2025 as the Year of Reform, the Controllers’ Conference is expected to yield actionable outcomes aimed at building a smarter, more agile defence financial architecture – one that aligns with the goals of Atmanirbhar Bharat and strengthens India’s long-term national security.

Key dignitaries attending the event include Chief of Defence Staff General Anil Chauhan, the three service chiefs, Defence Secretary Rajesh Kumar Singh, Financial Adviser (Defence Services) S G Dastidar, and Controller General of Defence Accounts Dr Mayank Sharma.

July 6, 2025
Defence Minister Rajnath Singh to inaugurate Controllers’ Conference 2025 on July 7

Source: Government of India

Source: Government of India (4)

Defence Minister Rajnath Singh will inaugurate the Controllers’ Conference 2025, hosted by the Defence Accounts Department (DAD), on July 7 at DRDO Bhawan, New Delhi. The three-day conference, from July 7 to 9, will bring together India’s top defence and financial leadership to chart the future of defence financial governance.

This year’s theme, “Transforming Financial Advice, Payment, Audit and Accounting through Defence Finance and Economics”, marks a strategic shift positioning DAD as a future-ready institution focused on national defence and economic resilience. The department’s new Mission Statement and Motto – ‘Alert, Agile, Adaptive’ – will also be unveiled during the event, said the Defence Ministry.

Eight high-level business sessions or Manan Satras will address key areas including budget reform, audit restructuring, pricing innovation, and capacity building. These discussions aim to redefine the role of Integrated Financial Advisors (IFAs) in fostering fiscal discipline while supporting a competitive and self-reliant defence industry.

Managing a defence budget of Rs 26.8 lakh crore – including Rs 1.7 lakh crore for pensions – DAD plays a vital role in disbursements, procurement pricing, auditing, and strategic advisory. Recent digital reforms such as SAMPURNA, SPARSH, e-Raksha Awaas, and AI-based procurement systems have enhanced transparency and service delivery across the defence finance ecosystem.

With 206 outreach programs and over 200 service centres established in the past year, DAD is strengthening last-mile connectivity and stakeholder engagement. Training institutions like NADFM Pune and CENTRAD Delhi are also pioneering officer education in defence economics and data analytics.

Aligned with the Ministry of Defence’s declaration of 2025 as the Year of Reform, the Controllers’ Conference is expected to yield actionable outcomes aimed at building a smarter, more agile defence financial architecture – one that aligns with the goals of Atmanirbhar Bharat and strengthens India’s long-term national security.

Key dignitaries attending the event include Chief of Defence Staff General Anil Chauhan, the three service chiefs, Defence Secretary Rajesh Kumar Singh, Financial Adviser (Defence Services) S G Dastidar, and Controller General of Defence Accounts Dr Mayank Sharma.

July 6, 2025
Defence Minister Rajnath Singh to inaugurate Controllers’ Conference 2025 on July 7

Source: Government of India

Source: Government of India (4)

Defence Minister Rajnath Singh will inaugurate the Controllers’ Conference 2025, hosted by the Defence Accounts Department (DAD), on July 7 at DRDO Bhawan, New Delhi. The three-day conference, from July 7 to 9, will bring together India’s top defence and financial leadership to chart the future of defence financial governance.

This year’s theme, “Transforming Financial Advice, Payment, Audit and Accounting through Defence Finance and Economics”, marks a strategic shift positioning DAD as a future-ready institution focused on national defence and economic resilience. The department’s new Mission Statement and Motto – ‘Alert, Agile, Adaptive’ – will also be unveiled during the event, said the Defence Ministry.

Eight high-level business sessions or Manan Satras will address key areas including budget reform, audit restructuring, pricing innovation, and capacity building. These discussions aim to redefine the role of Integrated Financial Advisors (IFAs) in fostering fiscal discipline while supporting a competitive and self-reliant defence industry.

Managing a defence budget of Rs 26.8 lakh crore – including Rs 1.7 lakh crore for pensions – DAD plays a vital role in disbursements, procurement pricing, auditing, and strategic advisory. Recent digital reforms such as SAMPURNA, SPARSH, e-Raksha Awaas, and AI-based procurement systems have enhanced transparency and service delivery across the defence finance ecosystem.

With 206 outreach programs and over 200 service centres established in the past year, DAD is strengthening last-mile connectivity and stakeholder engagement. Training institutions like NADFM Pune and CENTRAD Delhi are also pioneering officer education in defence economics and data analytics.

Aligned with the Ministry of Defence’s declaration of 2025 as the Year of Reform, the Controllers’ Conference is expected to yield actionable outcomes aimed at building a smarter, more agile defence financial architecture – one that aligns with the goals of Atmanirbhar Bharat and strengthens India’s long-term national security.

Key dignitaries attending the event include Chief of Defence Staff General Anil Chauhan, the three service chiefs, Defence Secretary Rajesh Kumar Singh, Financial Adviser (Defence Services) S G Dastidar, and Controller General of Defence Accounts Dr Mayank Sharma.

July 6, 2025
MIL-OSI: Bitcoin Solaris Enters Final Phase of Presale Ahead of Mobile Mining App Launch
Source: GlobeNewswire (MIL-OSI)

TALLINN, Estonia, July 06, 2025 (GLOBE NEWSWIRE) — When you hear “Bitcoin 2.0,” your first instinct might be to roll your eyes and think, “Here we go again.” But once you dig past the noise, Bitcoin Solaris (BTC-S) emerges with something most imitators lack: a powerful technical backbone, a wealth-building strategy for the everyday user, and a clear roadmap to actual utility. As altcoin chatter and speculative memecoins begin to fade, the spotlight is shifting toward something with more meat on the bone. That something is Bitcoin Solaris.

The Next Generation of Wealth Creation

What’s fueling the hype around Bitcoin Solaris is more than a name. This project is designed from the ground up to empower individuals to build real financial momentum. Instead of betting on token prices alone, BTC-S is offering an ecosystem where users can earn, transact, and contribute meaningfully.

Its mobile-first mining solution is already getting crypto circles buzzing. Through the exciting release of the upcoming Solaris Nova app, users will be able to mine BTC-S directly from their smartphones, bringing decentralized rewards into the palms of over 6 billion mobile users worldwide. Whether you’re in a coffee shop or on a bus, your device could be earning for you.

But mining is only part of the equation. Bitcoin Solaris doesn’t just reward presence, it rewards performance. The rewards distribution system accounts for:
- Contribution score based on device type and workload.
- Time-weighted bonuses that increase as users stay longer.
- Task complexity and overall network demand.
This isn’t just mining, it’s intelligent participation. The kind that turns casual users into long-term holders.

The Tech That Powers the Surge

Let’s talk power. Bitcoin Solaris runs on a unique hybrid consensus model that combines Proof-of-Work (PoW) with Delegated Proof-of-Stake (DPoS), operating across a dual-layer architecture. It’s a bit like driving a racecar and piloting a drone at the same time.
- The base layer uses SHA-256 for PoW mining, ensuring security and compatibility with existing hardware.
- The Solaris Layer introduces DPoS with 21 rotating validators, providing scalability with 15-second blocks and dynamic block sizes.
- Cross-layer synchronization ensures that state changes and validator sets remain aligned.
- This dual system enables BTC-S to hit up to 100,000 transactions per second on the Solaris Layer with 2-second finality.
In short, this thing flies. And it does so without sacrificing decentralization or security. It even implements zero-knowledge proofs for added privacy, and a multi-layered defense against both 51% and long-range attacks.

It’s no surprise then that many crypto veterans are calling it one of the most technically complete projects of the year.

Audited and Backed by the Community

Bitcoin Solaris has passed two comprehensive smart contract audits. The first by Cyberscope and the second by Freshcoins, both of which confirmed the strength and integrity of BTC-S’s core codebase.

Community conversations on Telegram and X continue to grow daily. With over 13,650 unique users already onboarded and more pouring in, this is no quiet presale.

Crypto Show recently released a detailed review covering why so many enthusiasts are paying attention. From mobile mining to on-chain scalability, the breakdown highlights just how massive the upside potential really is.

Presale Momentum Builds Toward a $20 Launch

We’re now entering the final sprint. Bitcoin Solaris is in the last few hours of Phase 10 of its limited 90-day presale. Here’s what you need to know:
- Current price: $10
- Next phase: $11
- Launch price: $20
- Bonus: 6%
- Expected launch date: July 31, 2025
- Funds raised: Over $6 million
- User base: More than 13,650 participants
This is shaping up to be one of the fastest-growing and most explosive presales of 2025. With only around 4 weeks left, the clock is ticking. Investors are eyeing a 150% return right at launch, with many seeing this as a chance to ride the next big Bitcoin-like wave.

This Is the Mobile-First Wealth Engine Crypto Promised You

To receive your tokens on launch day, Bitcoin Solaris recommends using Trust Wallet or Metamask for seamless token delivery.

Real-World Utility Across Every Sector

BTC-S isn’t just fast, it’s functional. The ecosystem supports a wide range of smart contract applications written in Rust and built initially using Solana’s programming tools. These include:
- DeFi tools like lending, borrowing, and DEXs
- Enterprise utilities, including supply chain and tokenized real estate
- Gaming, NFTs, and play-to-earn environments
- IoT applications with secure micropayments
- Governance platforms with DAOs and on-chain voting
And that’s only scratching the surface. The infrastructure is built to scale across industries, use cases, and devices without bottlenecks.

If you’re curious about mining potential, check the estimated earnings through the Bitcoin Solaris mining calculator.

Final Verdict

Bitcoin Solaris is designed to deliver a scalable, accessible, and rewarding blockchain experience for real users. With strong technical foundations and a focus on usability, it offers a comprehensive solution for long-term participation and growth.

As the presale enters its final phases, early supporters have a unique opportunity to join a rapidly growing ecosystem before launch. The momentum is building—and this could be a defining moment for those seeking meaningful involvement in the next wave of blockchain innovation.

For more information on Bitcoin Solaris:
Website: https://www.bitcoinsolaris.com/
Telegram: https://t.me/Bitcoinsolaris
X: https://x.com/BitcoinSolaris

Media Contact:
Xander Levine
press@bitcoinsolaris.com
Press Kit: Available upon request

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

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/7a7fda6d-3390-48a3-907c-0f47677e4285
https://www.globenewswire.com/NewsRoom/AttachmentNg/7ca4bd08-4817-4810-ab31-c6cf3d4aa4d5
https://www.globenewswire.com/NewsRoom/AttachmentNg/90c62a77-5223-4de0-a16b-e754a14c71c8
https://www.globenewswire.com/NewsRoom/AttachmentNg/b2fd1e48-8f94-4c3d-98b6-acda689a2cf4

The MIL Network –
July 6, 2025
MIL-OSI: Bitcoin Solaris Enters Final Phase of Presale Ahead of Mobile Mining App Launch
Source: GlobeNewswire (MIL-OSI)

TALLINN, Estonia, July 06, 2025 (GLOBE NEWSWIRE) — When you hear “Bitcoin 2.0,” your first instinct might be to roll your eyes and think, “Here we go again.” But once you dig past the noise, Bitcoin Solaris (BTC-S) emerges with something most imitators lack: a powerful technical backbone, a wealth-building strategy for the everyday user, and a clear roadmap to actual utility. As altcoin chatter and speculative memecoins begin to fade, the spotlight is shifting toward something with more meat on the bone. That something is Bitcoin Solaris.

The Next Generation of Wealth Creation

What’s fueling the hype around Bitcoin Solaris is more than a name. This project is designed from the ground up to empower individuals to build real financial momentum. Instead of betting on token prices alone, BTC-S is offering an ecosystem where users can earn, transact, and contribute meaningfully.

Its mobile-first mining solution is already getting crypto circles buzzing. Through the exciting release of the upcoming Solaris Nova app, users will be able to mine BTC-S directly from their smartphones, bringing decentralized rewards into the palms of over 6 billion mobile users worldwide. Whether you’re in a coffee shop or on a bus, your device could be earning for you.

But mining is only part of the equation. Bitcoin Solaris doesn’t just reward presence, it rewards performance. The rewards distribution system accounts for:
- Contribution score based on device type and workload.
- Time-weighted bonuses that increase as users stay longer.
- Task complexity and overall network demand.
This isn’t just mining, it’s intelligent participation. The kind that turns casual users into long-term holders.

The Tech That Powers the Surge

Let’s talk power. Bitcoin Solaris runs on a unique hybrid consensus model that combines Proof-of-Work (PoW) with Delegated Proof-of-Stake (DPoS), operating across a dual-layer architecture. It’s a bit like driving a racecar and piloting a drone at the same time.
- The base layer uses SHA-256 for PoW mining, ensuring security and compatibility with existing hardware.
- The Solaris Layer introduces DPoS with 21 rotating validators, providing scalability with 15-second blocks and dynamic block sizes.
- Cross-layer synchronization ensures that state changes and validator sets remain aligned.
- This dual system enables BTC-S to hit up to 100,000 transactions per second on the Solaris Layer with 2-second finality.
In short, this thing flies. And it does so without sacrificing decentralization or security. It even implements zero-knowledge proofs for added privacy, and a multi-layered defense against both 51% and long-range attacks.

It’s no surprise then that many crypto veterans are calling it one of the most technically complete projects of the year.

Audited and Backed by the Community

Bitcoin Solaris has passed two comprehensive smart contract audits. The first by Cyberscope and the second by Freshcoins, both of which confirmed the strength and integrity of BTC-S’s core codebase.

Community conversations on Telegram and X continue to grow daily. With over 13,650 unique users already onboarded and more pouring in, this is no quiet presale.

Crypto Show recently released a detailed review covering why so many enthusiasts are paying attention. From mobile mining to on-chain scalability, the breakdown highlights just how massive the upside potential really is.

Presale Momentum Builds Toward a $20 Launch

We’re now entering the final sprint. Bitcoin Solaris is in the last few hours of Phase 10 of its limited 90-day presale. Here’s what you need to know:
- Current price: $10
- Next phase: $11
- Launch price: $20
- Bonus: 6%
- Expected launch date: July 31, 2025
- Funds raised: Over $6 million
- User base: More than 13,650 participants
This is shaping up to be one of the fastest-growing and most explosive presales of 2025. With only around 4 weeks left, the clock is ticking. Investors are eyeing a 150% return right at launch, with many seeing this as a chance to ride the next big Bitcoin-like wave.

This Is the Mobile-First Wealth Engine Crypto Promised You

To receive your tokens on launch day, Bitcoin Solaris recommends using Trust Wallet or Metamask for seamless token delivery.

Real-World Utility Across Every Sector

BTC-S isn’t just fast, it’s functional. The ecosystem supports a wide range of smart contract applications written in Rust and built initially using Solana’s programming tools. These include:
- DeFi tools like lending, borrowing, and DEXs
- Enterprise utilities, including supply chain and tokenized real estate
- Gaming, NFTs, and play-to-earn environments
- IoT applications with secure micropayments
- Governance platforms with DAOs and on-chain voting
And that’s only scratching the surface. The infrastructure is built to scale across industries, use cases, and devices without bottlenecks.

If you’re curious about mining potential, check the estimated earnings through the Bitcoin Solaris mining calculator.

Final Verdict

Bitcoin Solaris is designed to deliver a scalable, accessible, and rewarding blockchain experience for real users. With strong technical foundations and a focus on usability, it offers a comprehensive solution for long-term participation and growth.

As the presale enters its final phases, early supporters have a unique opportunity to join a rapidly growing ecosystem before launch. The momentum is building—and this could be a defining moment for those seeking meaningful involvement in the next wave of blockchain innovation.

For more information on Bitcoin Solaris:
Website: https://www.bitcoinsolaris.com/
Telegram: https://t.me/Bitcoinsolaris
X: https://x.com/BitcoinSolaris

Media Contact:
Xander Levine
press@bitcoinsolaris.com
Press Kit: Available upon request

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

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/7a7fda6d-3390-48a3-907c-0f47677e4285
https://www.globenewswire.com/NewsRoom/AttachmentNg/7ca4bd08-4817-4810-ab31-c6cf3d4aa4d5
https://www.globenewswire.com/NewsRoom/AttachmentNg/90c62a77-5223-4de0-a16b-e754a14c71c8
https://www.globenewswire.com/NewsRoom/AttachmentNg/b2fd1e48-8f94-4c3d-98b6-acda689a2cf4

The MIL Network –
July 6, 2025
MIL-OSI Africa: Child labour numbers rise in homes where adults are jobless – South African study

Source: The Conversation – Africa – By Derek Yu, Professor, Economics, University of the Western Cape

Child labour is a big concern across the world. It is particularly acute in countries in the global south, where it is estimated that about 160 million children are engaged in child labour, about 87 million of them in sub-Saharan Africa.

A range of countries have sought to outlaw child labour because it denies children their childhood as well as physical and mental development.

In South Africa data on the work activities of children aged between 7 and 17 years are collected in the Survey of Activities of Young People, conducted by Statistics South Africa. Despite the survey having taken place four times (1999, 2010, 2015 and 2019), the dataset has been seriously under-used. There has hardly been any comprehensive research done on the state of South Africa’s child labour and child work activities.

In a recently published study we looked at child labour activities in the country. We compared the 2010, 2015 and 2019 Survey of Activities of Young People.

We first looked at personal and geographical characteristics of children, such as their gender, ethnic group and province of residence. We went on to look at their work activities, as well as the relationship (if any) between adults’ employment status and the probability of children from the same households having to work.

The reason we chose to look at the relationship between child labour and work activities of adults is that South Africa has an extremely high level of unemployment. At the end of 2024 the unemployment rate was 31.8%.

The Basic Conditions of Employment Act, which was passed in 1997, bans the employment of children until the last school day of the year when they turn 15 years old. Nonetheless, as some adult household members struggle to find work successfully, it is possible that child members of households are exploited to help the households survive financially.

Two striking and alarming findings stand out from the study.

First, the fewer adults were employed in a household, the more likely it was that children in the household were working. Secondly, the presence of child labour in the household had a discouraging impact on the adult members’ job-seeking action.

The first key finding implies that if adults were employed, children might not be working. The second implies that jobless adult members most likely relied on the (illegal) income earned by the child labour, discouraging the adults from seeking work actively.

The number of children working in South Africa has dropped from 778,000 in 2010 to 577,000 in 2019. This downward trend implies the success of South African legislation in prohibiting child labour over the years. But, we conclude, laws and regulations are not enough. In South Africa, the enforcement as well as the public awareness and understanding of the child labour related legislation must be improved to safeguard children.

Thus, a coordinated programme of action by the government is important to bring all stakeholders into the fight against child labour and unemployment of the working-age population.

About the survey

The Survey of Activities of Young People was first introduced in 1999 by Statistics South Africa, two years after the 1997 legislation that banned child labour. However, since the 1999 survey was not linked to the Labour Force Survey and the 1999 survey questions were asked very differently from the 2010, 2015 and 2019 waves, we decided to exclude the 1999 survey wave from the analysis. Hence, we focus on examining the 2010, 2015 and 2019 results, notably because these three waves of data about young people are linked to the Labour Force Survey data taking place in the same year.

This makes it possible to investigate the relationship between the employment status of child and adult household members.

The 2019 survey findings show that, if a household had no employed adult members, the probability of the child from the same household ending up as child labour was 6.5%.

If the household had one employed adult member, child labour probability dropped to 4.7%. Lastly, if the household had at least two employed adult members, child labour likelihood decreased further to 2.7%.

Using the same 2019 data, we found that if a household had no child involved in labour, the probability of an adult member from the same household seeking work in the labour market was 60%. Adult members’ labour force participation rate from households where at least once child worked as child labour was much lower at 44%.

Looking at other child labour statistics, we found that the majority (90%) of working children were Africans; above 60% were in the illegal age cohort of 7-14 years; and most were living in the rural areas of KwaZulu-Natal, Gauteng and Eastern Cape.

In addition, 98% of them were still attending school while working as child labour.

Lastly, most child labour worked 1-5 hours per week in elementary occupations in the wholesale and retail industry. The top three reasons for children working were “to obtain pocket money”, “to assist family with money” and “duty to help family”.

The road ahead

Some children spent many hours on household chores (which is not classified as child labour, strictly speaking). Parents, employers and the community must be educated about the dangers of long hours on domestic chores and even child labour.

The government should consolidate its infrastructure development programmes, especially the delivery of electricity, water and sanitation in areas where children spend time on domestic chores. These actions will shorten the duration of child household chores and allow children more time for school activities. The surveys used for the study did not include questions about specific activities children were involved in. They only asked if the child was involved in chores such as cleaning, cooking and looking after elderly members.

It is also worthwhile if questions relating to child labour are included in the child questionnaire of the National Income Dynamics Study (the only national panel data survey in South Africa) to more thoroughly investigate whether child labour is a short-term or long-term phenomenon, and whether there is any relationship between poverty (and receipt of social grants) and child labour incidence.

Lastly, it has been six years since the Survey of Activities of Young People was last conducted. It is time for Statistics South Africa to collect the latest data on the state of child labour in the country.

This article is based on a journal article which the writers co-authored with Clinton Herwel (Economics Masters student at the University of the Western Cape).

– Child labour numbers rise in homes where adults are jobless – South African study
– https://theconversation.com/child-labour-numbers-rise-in-homes-where-adults-are-jobless-south-african-study-259398

MIL OSI Africa –

July 6, 2025
MIL-OSI Submissions: Child labour numbers rise in homes where adults are jobless – South African study

Source: The Conversation – Africa – By Derek Yu, Professor, Economics, University of the Western Cape

Child labour is a big concern across the world. It is particularly acute in countries in the global south, where it is estimated that about 160 million children are engaged in child labour, about 87 million of them in sub-Saharan Africa.

A range of countries have sought to outlaw child labour because it denies children their childhood as well as physical and mental development.

In South Africa data on the work activities of children aged between 7 and 17 years are collected in the Survey of Activities of Young People, conducted by Statistics South Africa. Despite the survey having taken place four times (1999, 2010, 2015 and 2019), the dataset has been seriously under-used. There has hardly been any comprehensive research done on the state of South Africa’s child labour and child work activities.

In a recently published study we looked at child labour activities in the country. We compared the 2010, 2015 and 2019 Survey of Activities of Young People.

We first looked at personal and geographical characteristics of children, such as their gender, ethnic group and province of residence. We went on to look at their work activities, as well as the relationship (if any) between adults’ employment status and the probability of children from the same households having to work.

The reason we chose to look at the relationship between child labour and work activities of adults is that South Africa has an extremely high level of unemployment. At the end of 2024 the unemployment rate was 31.8%.

The Basic Conditions of Employment Act, which was passed in 1997, bans the employment of children until the last school day of the year when they turn 15 years old. Nonetheless, as some adult household members struggle to find work successfully, it is possible that child members of households are exploited to help the households survive financially.

Two striking and alarming findings stand out from the study.

First, the fewer adults were employed in a household, the more likely it was that children in the household were working. Secondly, the presence of child labour in the household had a discouraging impact on the adult members’ job-seeking action.

The first key finding implies that if adults were employed, children might not be working. The second implies that jobless adult members most likely relied on the (illegal) income earned by the child labour, discouraging the adults from seeking work actively.

The number of children working in South Africa has dropped from 778,000 in 2010 to 577,000 in 2019. This downward trend implies the success of South African legislation in prohibiting child labour over the years. But, we conclude, laws and regulations are not enough. In South Africa, the enforcement as well as the public awareness and understanding of the child labour related legislation must be improved to safeguard children.

Thus, a coordinated programme of action by the government is important to bring all stakeholders into the fight against child labour and unemployment of the working-age population.

About the survey

The Survey of Activities of Young People was first introduced in 1999 by Statistics South Africa, two years after the 1997 legislation that banned child labour. However, since the 1999 survey was not linked to the Labour Force Survey and the 1999 survey questions were asked very differently from the 2010, 2015 and 2019 waves, we decided to exclude the 1999 survey wave from the analysis. Hence, we focus on examining the 2010, 2015 and 2019 results, notably because these three waves of data about young people are linked to the Labour Force Survey data taking place in the same year.

This makes it possible to investigate the relationship between the employment status of child and adult household members.

The 2019 survey findings show that, if a household had no employed adult members, the probability of the child from the same household ending up as child labour was 6.5%.

If the household had one employed adult member, child labour probability dropped to 4.7%. Lastly, if the household had at least two employed adult members, child labour likelihood decreased further to 2.7%.

Using the same 2019 data, we found that if a household had no child involved in labour, the probability of an adult member from the same household seeking work in the labour market was 60%. Adult members’ labour force participation rate from households where at least once child worked as child labour was much lower at 44%.

Looking at other child labour statistics, we found that the majority (90%) of working children were Africans; above 60% were in the illegal age cohort of 7-14 years; and most were living in the rural areas of KwaZulu-Natal, Gauteng and Eastern Cape.

In addition, 98% of them were still attending school while working as child labour.

Lastly, most child labour worked 1-5 hours per week in elementary occupations in the wholesale and retail industry. The top three reasons for children working were “to obtain pocket money”, “to assist family with money” and “duty to help family”.

The road ahead

Some children spent many hours on household chores (which is not classified as child labour, strictly speaking). Parents, employers and the community must be educated about the dangers of long hours on domestic chores and even child labour.

The government should consolidate its infrastructure development programmes, especially the delivery of electricity, water and sanitation in areas where children spend time on domestic chores. These actions will shorten the duration of child household chores and allow children more time for school activities. The surveys used for the study did not include questions about specific activities children were involved in. They only asked if the child was involved in chores such as cleaning, cooking and looking after elderly members.

It is also worthwhile if questions relating to child labour are included in the child questionnaire of the National Income Dynamics Study (the only national panel data survey in South Africa) to more thoroughly investigate whether child labour is a short-term or long-term phenomenon, and whether there is any relationship between poverty (and receipt of social grants) and child labour incidence.

Lastly, it has been six years since the Survey of Activities of Young People was last conducted. It is time for Statistics South Africa to collect the latest data on the state of child labour in the country.

This article is based on a journal article which the writers co-authored with Clinton Herwel (Economics Masters student at the University of the Western Cape).

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. Child labour numbers rise in homes where adults are jobless – South African study – https://theconversation.com/child-labour-numbers-rise-in-homes-where-adults-are-jobless-south-african-study-259398

MIL OSI –

July 6, 2025
MIL-OSI China: Chinese premier says to expand cooperation with Brazil in digital economy, aerospace

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

Chinese Premier Li Qiang said on Saturday that China is willing to work with Brazil to leverage each other’s complementary advantages and expand cooperation in such areas as digital economy, green economy, sci-tech innovation and aerospace.

Li made the remarks during his meeting with Brazilian President Luiz Inacio Lula da Silva. The Chinese premier arrived in Rio de Janeiro on Saturday to attend the 17th BRICS Summit.

Li conveyed Chinese President Xi Jinping’s warm greetings to Lula, noting that China-Brazil relations are in their best shape ever, with both sides working together to build a China-Brazil community with a shared future for a more just world and a more sustainable planet.

During Lula’s visit to China in May, the two heads of state reached important consensus on pushing for building a China-Brazil community with a shared future and upholding multilateralism, Li said.

China stands ready to work with Brazil to continue the efforts in enriching the dimensions of bilateral relations and achieving more concrete results in cooperation so as to deliver more benefits to the two peoples, Li added.

China is willing to work with Brazil to further consolidate and deepen bilateral cooperation in trade, finance and infrastructure development under the framework of high-quality Belt and Road cooperation, said the premier.

Li also urged both countries to jointly ensure the success of the China-Brazil Year of Culture in 2026, step up cooperation in education, youth, healthcare and other areas, further facilitate people-to-people exchanges and strengthen public support for China-Brazil friendship and cooperation.

Depicting both countries as staunch supporters of multilateralism and free trade, Li said that China is willing to enhance communication and coordination with Brazil within multilateral frameworks such as the United Nations, BRICS and the G20, work in unity with developing countries to promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, and provide more certainty and stability for the world.

China supports Brazil in hosting the UN Climate Change Conference in Belem (COP30) later this year, Li said.

For his part, Lula asked Li to convey his sincere regards to Xi. He noted that the two peoples share a profound friendship.

Brazil attaches great importance to advancing its relations with China, and stands ready to work with China to follow through on the important consensus reached by the two heads of state and further strengthen high-level exchanges, he said.

Brazil is ready to promote exchanges and cooperation with China in such areas as economy and trade, science and technology, finance, and aerospace, he added.

Brazil also seeks to deepen collaboration with China in addressing climate change, said Lula, noting the country welcomes China’s participation in the upcoming COP30 in Belem.

He also congratulated China on successfully hosting the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum this year.

Lula said Brazil is willing to deepen multilateral communication and coordination with China, jointly oppose unilateralism, and uphold multilateralism and free trade so as to promote world peace and development.

Following the meeting, the two sides witnessed the signing of cooperation documents in such fields as fiscal and financial affairs, artificial intelligence, development strategies alignment and aerospace.

MIL OSI China News –

July 6, 2025
MIL-OSI China: Unicorns, gazelles, little giants: Tech startups thrive in ‘fund jungle’

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

In a high-stakes race to pursue next-generation technologies, Chinese startups specializing in artificial intelligence, autonomous driving, and advanced manufacturing are gaining momentum through a novel but supportive financing model called the “fund jungle.”

This ecosystem — a dense network of government-led investment funds, venture capital and corporate backing — is accelerating the rise of so-called “gazelle” firms, unicorns and niche “little giant” enterprises across east China’s Anhui Province and beyond.

Leading the way is HiDream.ai, which rose to the forefront of global generative AI startups in just two years. With its cinematic-quality video generation technology, the fast-growing firm has attracted 10 million individual users and 40,000 corporate clients worldwide.

Founder Mei Tao said that starting an AI company was like “venturing into an uncharted territory” where both the technology and the market are entirely new.

Amid shifting international dynamics that led to a withdrawal of U.S. capital and a relative shortage of RMB venture funding, the company adopted a “move fast with small steps” strategy by demonstrating its value with limited capital to attract follow-up investment.

The turnaround came last year, when it secured a sizable Series A round, with state-owned Hefei Industry Investment Group being the lead investor, joined by the Anhui artificial intelligence fund of funds and other institutional investors.

Beyond financing, establishing base in Hefei, provincial capital of Anhui, has helped the company expand its applications in broadcasting, film and television, and tourism, while the local government is aiming to leverage the AI technologies to empower local industries.

HiDream.ai had good reason to choose Hefei as its base. Anhui Province has set out plans to cultivate a cohort of rapidly growing gazelle companies and a new wave of unicorns, startups valued at over 1 billion U.S. dollars. The province has also pledged support for local “little giant” enterprises, which are specialized small and medium-sized firms that excel in niche markets, drive innovation, tackle frontier technologies, and help strengthen industrial chains.

To empower these “fantastic beast” companies, Anhui has built a “fund jungle” led by state investors and joined by social capital. The cluster of funds aims to ensure sufficient funding for a tech company at all stages of its growth.

As of last October, a total of 124 funds with nearly 50 billion yuan (about 7 billion U.S. dollars) in committed capital had been set up in the fund complex, investing in more than 400 projects. The province is home to 2,191 private funds, including 50 angel funds, 734 venture capital funds and 1,407 industrial investment funds.

“Different industries and different stages of growth have distinct capital needs. A ‘fund jungle’ offers specialized funds for each phase, thus forming a comprehensive matrix that nurtures an industry across its entire lifecycle,” said Tang Zhiqiang, deputy dean of Anhui institute of industry and information technology.

“This lush ecosystem of funds fuels companies’ growth through tailored financial empowerment,” he added.

Funds, patience and ecosystem

Cowa Robot, based in the city of Wuhu in Anhui, is one of the beneficiaries of this funding ecosystem. The unicorn company’s self-driving vehicles, such as street-cleaning robots, have started operation in more than 50 Chinese cities.

Lu Wenjun, the company’s vice general manager, said the Wuhu government has deep expertise in robotics and provides clear development pathways along with strong supportive policies. From establishing initial industry frameworks to continuously building the ecosystem, many firms have reaped the benefits.

“Autonomous driving thrives on high-quality data to refine algorithms, and that data comes from real-world scenarios. Local governments provided critical support, from pilot programs to scaled deployment,” he added.

Home to automaker Chery and 96 little giant firms, Wuhu is known for patiently nurturing emerging industries. In 2024, the share of R&D expenditures in Wuhu’s GDP reached 4.28 percent, far exceeding the nationwide average of 2.68 percent.

The city has also set up a fund of 3 billion yuan to spur tech innovation and to solicit participation of social capital.

Wanzhi District in the city has created a fund jungle totaling 11.1 billion yuan, which has invested in 58 projects and attracted an additional 3.57 billion yuan in non-local capital.

Here, an industrial park consisting of nearly 200 general aviation companies, from propeller making to pilot training, has taken shape, poised to capitalize on the country’s trillion-yuan low-altitude economy boom.

The industry can be traced back to 2013, when CETC Wuhu Diamond Aircraft Manufacture Co., Ltd. was founded here. The company is now a little giant firm that produces both manned aircraft and unmanned aerial vehicles (UAVs), after 12 years of continuous investment in R&D and government support.

General manager Tian Manlin stressed that low-altitude manufacturing is the core of the low-altitude economy, requiring relentless R&D and industry collaboration.

A strong focus on R&D is a shared conviction among entrepreneurs in Anhui’s emerging industries. “R&D must never stop,” emphasized Mei Tao, adding that HiDream.ai continually integrates user feedback to refine its models daily.

“AI demands top talent and heavy funding. A healthy financial ecosystem fuels innovation, helping more tech pioneers break through,” Mei said.

MIL OSI China News –

July 6, 2025
MIL-OSI: Shavez Ahmed Siddiqui Sets Global Benchmark with LQUIDPAY Deobank, Wins Top Fintech Honors in 2025
Source: GlobeNewswire (MIL-OSI)

DUBAI, United Arab Emirates, July 06, 2025 (GLOBE NEWSWIRE) — Shavez Ahmed Siddiqui, the visionary fintech entrepreneur and Founder & CEO of LQUIDPAY Deobank, is making waves across the global fintech and Web3 ecosystems. With two major accolades in 2025 — one from Entrepreneur Middle East in Dubai and another from Times of India Group in Lucknow — Siddiqui’s impact is now being recognized on both the international and domestic stage.

His rise reflects a larger movement: the transformation of traditional banking into decentralized, borderless, and user-owned financial systems.

From Global Acclaim to National Spotlight: 2025 Awards That Defined a Movement

In May 2025, LQUIDPAY Deobank was awarded “Fintech Company of the Year” at the Leaders in E-Business Awards in Dubai. Just weeks later, Shavez Ahmed Siddiqui received the “Times Leadership Award 2025” in his hometown, Lucknow — solidifying his growing stature in India’s fintech landscape.

These awards highlight Siddiqui’s transformative work in building digital financial infrastructure that is self-sovereign, compliant, and globally accessible.

Award-Winning Innovation: What Makes LQUIDPAY Deobank a Game Changer

LQUIDPAY Deobank is the world’s first decentralized on-chain bank, created to offer secure, borderless, and transparent financial services. With a strong emphasis on user sovereignty, it removes intermediaries and empowers users to manage their money freely, anywhere in the world.

Key Innovations:
- Self-Custodial Vaults for total asset control
- Visa-Enabled Virtual & Physical Cards for global crypto spending
- On-Chain Yield Savings (6–14% APY) backed by smart contracts
- Crypto On/Off-Ramp for instant fiat access
- ATM Withdrawals via PIN + NFC Cards (launching globally in 2025)
- Enterprise API Access for Web3 fintech infrastructure
These innovations are already unlocking access for users in Africa, Southeast Asia, and Latin America.

Global Recognition: Fintech Company of the Year – Entrepreneur Middle East

At the Leaders in E-Business Awards held in Dubai, LQUIDPAY Deobank was honored for creating decentralized financial tools that serve both individuals and enterprises. The award celebrates the company’s ability to merge compliance, speed, and decentralization under a single ecosystem.

This positioned Shavez Ahmed Siddiqui as a global Web3 leader driving the evolution of finance.

National Impact: Times Leadership Award 2025 – Lucknow, India

On June 28, 2025, Siddiqui was awarded the Times Leadership Award 2025 in Lucknow by the Times of India Group — a powerful moment of homegrown recognition. This award not only honored his technological contributions but celebrated his commitment to India’s digital future.

Official Publication: (https://coinmarketcap.com/community/articles/68625b36e0d38c65cf43de77/)

“Receiving this award in Lucknow, the heart of India, reaffirms our mission to empower 1.4 billion people with financial freedom,” said Siddiqui on stage.

The Vision and Mission Behind Siddiqui’s Fintech Movement

At the core of Shavez Ahmed Siddiqui’s journey is a bold, human-centered vision.

Vision

To build a decentralized, borderless financial ecosystem where every individual — regardless of geography — can access, grow, and control their own financial future without reliance on centralized institutions.

Mission

To empower the world’s 1.4 billion unbanked through accessible, self-custodial, and blockchain-powered banking systems. Through platforms like LQUIDPAY Deobank, Siddiqui is enabling secure savings, global payments, and decentralized wealth creation for all.

“Financial sovereignty should not be a privilege. It should be a default,” he often emphasizes.

About Shavez Ahmed Siddiqui: Building the Future of Finance

A self-taught technologist with 10+ years of blockchain expertise, Siddiqui is the mind behind several disruptive ventures:
- LQUIDPAY Deobank (2024) – A decentralized bank offering crypto savings, Visa card payments, and DeFi-powered finance
- Protocol Yield (2025) – A DeFi platform with daily profit sharing, AI-powered risk scoring (PY Score), and broker partners including Binance and Bybit
- DODO (2023) – A gasless, index-based crypto trading platform
- BTC20 Smart Chain (2022) – A high-speed blockchain with 65,000 TPS and over 17 million wallets
Each initiative supports his broader goal of making finance secure, user-owned, and built for a decentralized future.

Awards Timeline

Date Award Title Presented By Location

May 27, 2025 Fintech Company of the Year 2025 Entrepreneur Middle East Dubai

June 28, 2025 Times Leadership Award 2025 Times of India Group Lucknow

What’s Next: Scaling Financial Access for the World

Looking ahead, Siddiqui and LQUIDPAY Deobank are focused on:
- ATM withdrawals with crypto cards
- Global market activation in Africa, LATAM, Asia and USA
- Financial education for the underserved
- Enterprise-grade DeFi tools for fintech partners
- Mobile-first apps for next-gen banking
Siddiqui’s next chapter is all about scaling secure, sovereign, and accessible finance for everyone, everywhere.

Follow the Journey

Website: www.lquidpay.finance
Media Inquiries: admin@lquidpay.finance
Learn More: www.shavezahmedsiddiqui.com

Disclaimer: This press release is provided by LQUIDPAY Deobank. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. 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. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

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The MIL Network –
July 6, 2025
MIL-OSI Africa: President Ramaphosa arrives in Brazil ahead of Rio Summit

Source: Government of South Africa

By Gabi Khumalo

Rio de Janeiro, Brazil – President Cyril Ramaphosa is in Rio de Janeiro, Brazil for his working visit to attend the 17th BRICS Summit, which kicks off today.

The President, who arrived on Saturday evening, will attend the Brazil, Russia, India, China, and South Africa (BRICS) Summit at the invitation of President of Brazil, Luiz Inacio Lula da Silva.

Ahead of the high-level engagements, officials and delegations could be seen entering and exiting the summit venue making final preparations, while tight security measures were in place.

The objectives for this year’s summit include highlighting the ongoing humanitarian impact of Israeli military action in Gaza and in conflicts in Sudan, Ukraine and Iran; and advocating for the sustainable resolution of conflicts through diplomacy, inclusive dialogue, and a commitment to the United Nations Charter.

The summit, taking place from 6 to 7 July 2025, will also explore ways of expanding tangible trade, tourism, investment, and financial cooperation within BRICS and with BRICS partner countries.

“For South Africa, these deliberations will enhance our efforts to further diversify trade and enhance resilience, growth and development. The summit will look into synergies between BRICS, COP30 (Conference of the Parties) and G20 (Group of Twenty) outcomes, including in global governance of artificial intelligence and prioritising climate finance that is just, accessible, and transformational.

“BRICS leaders will continue advocating for the reform of global governance systems to be more inclusive and representative of contemporary realities. This includes the goal of countries of the South for more meaningful participation of the global South in global decision-making processes and structures, including in the United Nations Security Council,” the Presidency said.

The specific objectives of South Africa’s engagement in BRICS are:
• To enhance the future growth and development of South Africa through its BRICS membership.
• To strengthen intra-BRICS relations and develop mutually beneficial cooperation across the three pillars of cooperation, political and security, financial and economic, and cultural and people-to-people cooperation.
• To shape global governance reform to be more equitable, balanced and representative.

South Africa has emphasised concrete cooperation that contributes both directly and indirectly to the priorities of a better South Africa, a better Africa, and a better world through its partnership in BRICS.

During the 17th BRICS Summit, session leaders are expected to deliberate on topics, including global governance reform, peace, and security, including a report by National Security Advisors.

“Heads of State and government will discuss a BRICS Leaders Statement on Global Governance of Artificial Intelligence. This will be followed by the adoption of a BRICS Leaders Framework Declaration on Climate Finance and the launch of the BRICS Partnership for the Elimination of Socially Determined Diseases.”

The summit will conclude with the adoption of the Rio de Janeiro Declaration.

The summit will be attended by leaders of the BRICS member states, including Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia, the United Arab Emirates, and Indonesia.

Member states participate in all BRICS meetings, while partner states participate principally in summits. Partner states may be invited to other meetings of the association if members agree on this.

Leaders of BRICS partner countries will come from Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda and Uzbekistan.

The Rio Summit will also be attended by leaders of outreach countries, which in the BRICS system are countries from the region, where the rotational Presidency is located.

In this context, Bolivia, Chile, Colombia, Mexico and Uruguay have also been invited by the Government of Brazil to participate in the Rio gathering.

The United Nations, the African Union (AU) and International Organisations will also participate.

Leaders of all BRICS members are confirmed for the Rio Summit with President Putin participating virtually and China represented by Premier Li Qiang.

President Ramaphosa is supported by Minister of International Relations and Cooperation Ronald Lamola; Minister in the Presidency Khumbudzo Ntshavheni; Deputy Minister of Finance Dr David Masondo and Deputy Minister of Trade Industry and Competition Zuko Godlimpi. – SAnews.gov.za

MIL OSI Africa –

July 6, 2025
MIL-OSI China: Anhui backs high-tech growth with push into smart mobility, space tech

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

China’s government work report this year highlighted intelligent connected new energy vehicles and emerging industries, including commercial aerospace and the low-altitude economy, as key areas for rapid development.

In eastern China, Anhui province is focusing on building up these new quality productive forces, aiming to promote the successful completion of the 14th Five-Year Plan (2021-2025) through high-quality economic growth.

Smart EV industry gains momentum

Anhui has taken proactive steps to grow its smart electric vehicle industry as the automotive sector shifts toward electrification and new technology.

In April, the province issued trial guidelines for the management of road testing and demonstration applications of intelligent connected vehicles. Last year, Hefei, the provincial capital, was named one of China’s first pilot cities for vehicle-road-cloud integration.

Robotic arms conduct an AI-powered quality inspection on a vehicle at the Maextro Super Factory in Hefei, Anhui province, China. [Photo provided to China.org.cn]

A standout example is the Maextro Super Factory, a smart manufacturing plant in Hefei jointly developed by Anhui Jianghuai Automobile Group and Huawei. The facility integrates digital research and development with green, low-carbon manufacturing.

The Maextro S800 flagship sedan debuted on May 30, with more than 500 ultra-luxury vehicles pre-ordered within 19 days, helping to fill a gap in China’s domestic high-end car market.

Wei Dawei, director of the Maextro Super Factory, said the S800 features the industry’s first independently developed intelligent digital chassis platform, enabling predictive control for bumpy roads and curves. It also uses Huawei’s ADS 4 intelligent assisted driving system, which the company says cuts end-to-end latency by 50% and boosts traffic efficiency by 20%.

Expanding the low-altitude economy

Hefei is also moving quickly to grow its low-altitude economy. In June 2024, city officials rolled out a policy package to support the sector, offering up to 20 million yuan ($2.79 million) in annual funding and up to 100 million yuan in total for newly established low-altitude economy research institutions.

Today, more than 300 companies in Hefei are working in the low-altitude sector, building a complete industrial chain for drone R&D, testing, production and operations. The city has built China’s first urban air mobility hub and launched more than 200 drone flight routes, providing services such as medical supply delivery, rail inspection and food delivery.

Hefei-based Hey Airlines became the first company in China to receive an operation certificate for autonomous passenger drones from the Civil Aviation Administration of China on March 28, marking the start of the country’s first nationwide passenger drone service.

A pilotless EH216-S electric vertical takeoff and landing (eVTOL) aircraft is seen on a helipad in Hefei, Anhui province, China. [Photo provided to China.org.cn]

To ensure safety, Hey Airlines’ pilotless EH216-S electric vertical takeoff and landing (eVTOL) aircraft is equipped with backup systems for all key flight components. Each unit is fitted with its own security key and strong data encryption to prevent unauthorized access. The flight control system has a fail-safe feature that monitors the aircraft’s health in real time and can trigger an emergency landing if needed.

Peng Sixuan, marketing director at Hey Airlines, said the company currently offers sightseeing services but plans to expand with options such as aerial weddings and hotel transfers, aiming to make air taxis a reality.

He said a cargo version of the eVTOL, which can carry up to 250 kilograms, is well suited for delivering supplies to remote or mountainous areas. The company also has a firefighting model designed for rapid response to high-rise urban fires.

Commercial space industry takes off

Anhui is also moving into the commercial space industry, with Bengbu city emerging as a key hub. Bengbu has signed agreements with 16 commercial space companies, with total planned investment reaching 5.52 billion yuan. The city is home to three major enterprises and two nationally recognized high-tech firms in the sector.

A view of the China Bengbu Commercial Aerospace Industrial Park in Anhui province, China. [Photo provided to China.org.cn]

The China Bengbu Commercial Aerospace Industrial Park, Anhui’s first dedicated platform for the commercial space industry, opened on May 10.

The 0.43-square-kilometer park includes a center for space technology innovation, four production bases for rocket engines, satellite manufacturing, reusable spacecraft assembly and new material production, as well as multiple platforms for industry integration and applications. The project aims to build a major commercial aerospace manufacturing hub in the Yangtze River Delta region.

One of the companies operating in the new park is Lingkong Technology Co. Ltd. which provides design services for rockets and high-speed aircraft.

“Our company is focused on cultivating new quality productive forces. In 2024, our output value reached 45 million yuan, and we expect that figure to double this year,” said Yang Wei, general manager of Lingkong Technology. “Our new plant in the industrial park has been completed and will be ready for move-in after final inspections and interior work.”

Bengbu has established a comprehensive funding system to support commercial space companies at every stage of development, from seed and early growth to maturity. The total value of the fund cluster is expected to exceed 40 billion yuan this year.

MIL OSI China News –

July 6, 2025
MIL-OSI Russia: China’s Premier Announces Intention to Expand Cooperation with Brazil in Digital Economy, Aerospace

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

RIO DE JANEIRO, July 6 (Xinhua) — Chinese Premier Li Qiang said Saturday that China is willing to work with Brazil to leverage the complementary advantages of both countries and expand cooperation in areas such as the digital economy, green economy, scientific and technological innovation and aerospace.

Li Qiang made the remarks during a meeting with Brazilian President Luiz Inacio Lula da Silva, who arrived in Rio de Janeiro to attend the 17th BRICS summit.

He conveyed warm greetings from Chinese President Xi Jinping to L. I. Lula da Silva, noting that China-Brazil relations are at their best stage. Both sides are committed to building a China-Brazil community with a shared future and a more just and sustainable world.

Li Qiang recalled that during Lula da Silva’s visit to China in May, the two heads of state reached an important consensus on moving towards the creation of a China-Brazil community with a shared future and supporting multilateralism.

China is willing to continue to work with Brazil to expand bilateral relations and achieve more concrete results in cooperation so as to bring more tangible benefits to the peoples of both countries, Li added.

He stressed that China is willing to deepen cooperation with Brazil in trade, finance and infrastructure within the framework of high-quality construction of the Belt and Road.

In addition, the Premier called for successfully holding the China-Brazil Culture Year in 2026, strengthening cooperation in education, youth, health care and other fields, promoting further people-to-people and cultural exchanges, so as to strengthen public support for China-Brazil friendship and cooperation.

Calling both countries staunch supporters of multilateralism and free trade, Li Qiang said China is willing to strengthen communication and coordination with Brazil within multilateral frameworks such as the UN, BRICS and G20, and work with developing countries to promote an equitable and orderly multipolar world and universal, beneficial and inclusive economic globalization, bringing greater certainty and stability to the world.

China supports Brazil in hosting the 30th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) in Belem this year, he added. –0–

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

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MIL OSI Russia News –

July 6, 2025
MIL-OSI China: China, France agree to promote multilateralism, bring more certainty to world

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

French President Emmanuel Macron meets with Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, at the Elysee Palace in Paris, France, July 4, 2025. [Photo/Xinhua]

PARIS, July 4 — French President Emmanuel Macron met with Chinese Foreign Minister Wang Yi on Friday, pledging to jointly promote multilateralism and strengthen coordination against hegemonic conflicts and bloc confrontation.

During their meeting at the Elysee Palace, Macron asked Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, to convey his best wishes and friendly regards to Chinese President Xi Jinping.

Macron noted that France and China share a broad consensus on numerous important issues, including advocating multilateralism and adhering to international laws. France and China, both permanent members of the United Nations Security Council, bear even greater responsibilities as today’s world is facing challenges of growing uncertainty and unpredictability.

The French side looks forward to strengthening policy coordination with China on international economic, financial, and global governance issues, jointly addressing global challenges, injecting more vitality into multilateralism, and preventing the world from falling into hegemonic conflicts and bloc confrontations, Macron said.

He said the European Union and China should make strategic choices to become each other’s predictable and trustworthy friends and partners on the occasion of the 50th anniversary of the establishment of diplomatic relations. The French side places great importance on developing France-China relations and welcomes more Chinese investment in France to develop a more balanced economic and trade relationship.

He expressed hope to visit China again at an appropriate time.

Wang conveyed President Xi’s warm regards to Macron, stating that China is willing to work with France to implement the important consensus reached by the two heads of state, prepare for high-level exchanges in the next phase, and deepen cooperation in all fields.

China and France are comprehensive strategic partners and two major stabilizing forces in the world, Wang noted, stressing that the more turbulent the international situation becomes, the more the strategic value of China-France relations is highlighted.

China believes that the trend of multi-polarization is unstoppable, and the trend of globalization is irreversible, Wang said, emphasizing that the 80th anniversary of the United Nations should be taken as an opportunity to further strengthen the UN’s core role and ensure it plays its due role.

He said China is willing to strengthen strategic communication and united cooperation with France, jointly practice multilateralism, oppose unilateral bullying, and resist bloc confrontations, so as to inject more certainty and predictability into a world of change and turmoil, promote equal and orderly multi-polarization and universally beneficial and inclusive economic globalization, and work together to build a community with a shared future for mankind.

He stated that China is advancing toward high-quality development, committed to building a new, higher-level open economic system, creating a world-class business environment that is market-oriented, law-based, and internationalized, while actively advancing the strategy of expanding domestic demand.

China is willing to deepen mutually beneficial cooperation with France and hopes that the French side will provide a more favorable and fair environment for Chinese enterprises to invest and operate in France, he said.

China and the EU have resolved the brandy issue through friendly consultations, noted Wang, expressing the hope that France, as a core major power in the EU, will urge the EU side to properly address China-EU trade and economic disputes and actively respond to China’s concerns.

The two sides also exchanged views on the Ukraine crisis, the Gaza situation, the Iranian nuclear issue, and other topics.

French President Emmanuel Macron meets with Chinese Foreign Minister Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, at the Elysee Palace in Paris, France, July 4, 2025. [Photo/Xinhua]

MIL OSI China News –

July 6, 2025

Date	Award Title	Presented By	Location
May 27, 2025	Fintech Company of the Year 2025	Entrepreneur Middle East	Dubai
June 28, 2025	Times Leadership Award 2025	Times of India Group	Lucknow

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