Category: Economy

  • MIL-OSI Economics: Denmark: 2025 Article IV Consultation-Press Release; and Staff Report

    Source: International Monetary Fund

    Summary

    Strong growth has continued, primarily driven by the expansion of pharmaceutical exports, while domestic demand has been relatively sluggish. Inflation has remained below 2 percent. Public finances and external positions are robust, and the financial system has demonstrated resilience to multiple shocks in recent years. Staff expects growth to moderate in the near term as external demand weakens, and the exceptional pharmaceutical expansion begins to normalize. While direct impacts from U.S. tariffs are expected to be limited, the escalated global trade tensions pose risks to the outlook. In response to increasing geopolitical tensions, early in 2025, the government announced a substantial increase in defense spending.

    Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Climate change, Crime, Defense spending, Environment, Expenditure, Financial institutions, Financial sector policy and analysis, Financial sector stability, Fiscal policy, Fiscal stance, Insurance, Labor, Labor markets, Loans, Mortgages

    Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Climate change, Defense spending, Financial sector stability, Fiscal stance, Insurance, Labor markets, Loans, Mortgages, Securities

    MIL OSI Economics

  • MIL-OSI Economics: Denmark: 2025 Article IV Consultation-Press Release; and Staff Report

    Source: International Monetary Fund

    Summary

    Strong growth has continued, primarily driven by the expansion of pharmaceutical exports, while domestic demand has been relatively sluggish. Inflation has remained below 2 percent. Public finances and external positions are robust, and the financial system has demonstrated resilience to multiple shocks in recent years. Staff expects growth to moderate in the near term as external demand weakens, and the exceptional pharmaceutical expansion begins to normalize. While direct impacts from U.S. tariffs are expected to be limited, the escalated global trade tensions pose risks to the outlook. In response to increasing geopolitical tensions, early in 2025, the government announced a substantial increase in defense spending.

    Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Climate change, Crime, Defense spending, Environment, Expenditure, Financial institutions, Financial sector policy and analysis, Financial sector stability, Fiscal policy, Fiscal stance, Insurance, Labor, Labor markets, Loans, Mortgages

    Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Climate change, Defense spending, Financial sector stability, Fiscal stance, Insurance, Labor markets, Loans, Mortgages, Securities

    MIL OSI Economics

  • Civil society leaves UN development summit feeling unheard

    Source: Government of India

    Source: Government of India (4)

    When over 1,000 civil society representatives flocked to Seville this week for a U.N. conference on development financing their expectations were already low, but the four-day event left many frustrated and feeling their voices were stifled.

    The once-in-a-decade summit promised to marshall resources that could narrow the estimated $4.3 trillion financing gap needed to help developing countries overcome mounting debt distress, the ravages of climate change or structural inequality, among other hurdles.

    However, the world’s richest governments have been slashing aid and bilateral lending while increasingly prioritising defence spending as geopolitical tensions escalate, raising doubts that the cautious optimism expressed by most officials in attendance was realistic.

    Several civil society organisations (CSOs) were critical of the measures outlined in a final document, the “Seville Commitment”, which they said was watered down by wealthier nations unwilling to walk the talk. Others lambasted what they described as a private sector-first approach to development.

    Arthur Larok, secretary general of ActionAid, said Global South countries were “returning home empty-handed” while Global North governments did so “free from responsibility”.

    Still, certain initiatives – such as an alliance to tax the super-rich or plans to slap new levies on premium and private-jet flying – were widely celebrated among CSOs.

    Their main complaint was a lack of access, with accusations ranging from difficulties obtaining accreditations to exclusion from key negotiations, prompting CSO delegates to hold a protest at the conference’s venue on its final day.

    “We’ve witnessed an unprecedented wave of restrictions and lack of attention to the voice of civil society,” Oyebisi Babatunde Oluseyi, executive director of the Nigeria Network of NGOs, told Reuters, adding a new mechanism was needed to insert their perspective into global decision-making.

    U.N. Deputy Secretary General Amina Mohammed acknowledged CSOs’ grievances in Thursday’s closing press briefing and said the U.N. would endeavour to “expand the space” for them.

    “The U.N. was built to defend human rights – if it cedes to the global trend of shrinking civic space, it’ll undermine its legitimacy,” said Hernan Saenz of Oxfam International.

    In a joint declaration on Sunday, the CSOs denounced the international financial system as unjust and called for its “complete overhaul”.

    Despite the pervasive discontent, all CSO representatives interviewed by Reuters said they ultimately believed in the U.N. system.

    Hirotaka Koike, a board member at the Japan NGO Center for International Cooperation, said he did so because it was the only place where all countries were treated equally.

    “Yes, there are bureaucracies; yes, there are a lot of processes. But what else do we have?”

    (Reuters)

  • PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured a vibrant Indo-Trinidadian cultural programme and was graced by Trinidad and Tobago PM Kamla Persad-Bissessar, along with members of her Cabinet, Parliament, and other dignitaries.

    In a significant gesture, Prime Minister Persad-Bissessar announced that PM Modi would be conferred with The Order of the Republic of Trinidad and Tobago, the country’s highest civilian honour, in recognition of his global leadership and efforts to deepen ties between the two nations.

    Expressing heartfelt gratitude, PM Modi thanked the people and leadership of Trinidad and Tobago for the honour. He highlighted the special significance of his visit, which coincides with the 180th anniversary of the arrival of Indian indentured labourers in the Caribbean.

    In his address, the Prime Minister praised the Indian diaspora for their resilience, cultural richness, and their role in shaping modern Trinidad and Tobago. “You are not just defined by struggle anymore. You are defined by success, service, and values,” he said, adding with humour, “There must be something magical in the doubles and dal poori because you’ve doubled the success of this great nation.”

    As a major announcement, PM Modi declared that Overseas Citizen of India (OCI) cards will now be issued to the sixth generation of people of Indian origin in Trinidad and Tobago — a move that was met with thunderous applause. He also reaffirmed India’s commitment to preserving the legacy of the Girmitiya community, with plans to document their history and hold regular world conferences.

    PM Modi touched on India’s rapid growth in sectors such as infrastructure, digital payments, space, and innovation. He noted that India is the fastest-growing major economy and will soon be among the top three economies in the world. He also highlighted key national missions in AI, semiconductors, and quantum computing, positioning them as engines of India’s future growth.

    The Prime Minister announced that India’s UPI digital payment system will be adopted in Trinidad and Tobago, making financial transactions seamless and quicker — “ faster than West Indies bowling,” he said.

    PM Modi presented a symbolic replica of the Ram Mandir in Ayodhya and sacred water from the Sarayu River and the Maha Kumbh to Kamla Persad-Bissessar, reflecting strong spiritual and cultural bonds between the two nations.

    The event concluded with a grand cultural showcase by artists from the Mahatma Gandhi Institute for Cultural Cooperation and local organisations, celebrating the deep-rooted India-Trinidad and Tobago connection.

     

  • PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured a vibrant Indo-Trinidadian cultural programme and was graced by Trinidad and Tobago PM Kamla Persad-Bissessar, along with members of her Cabinet, Parliament, and other dignitaries.

    In a significant gesture, Prime Minister Persad-Bissessar announced that PM Modi would be conferred with The Order of the Republic of Trinidad and Tobago, the country’s highest civilian honour, in recognition of his global leadership and efforts to deepen ties between the two nations.

    Expressing heartfelt gratitude, PM Modi thanked the people and leadership of Trinidad and Tobago for the honour. He highlighted the special significance of his visit, which coincides with the 180th anniversary of the arrival of Indian indentured labourers in the Caribbean.

    In his address, the Prime Minister praised the Indian diaspora for their resilience, cultural richness, and their role in shaping modern Trinidad and Tobago. “You are not just defined by struggle anymore. You are defined by success, service, and values,” he said, adding with humour, “There must be something magical in the doubles and dal poori because you’ve doubled the success of this great nation.”

    As a major announcement, PM Modi declared that Overseas Citizen of India (OCI) cards will now be issued to the sixth generation of people of Indian origin in Trinidad and Tobago — a move that was met with thunderous applause. He also reaffirmed India’s commitment to preserving the legacy of the Girmitiya community, with plans to document their history and hold regular world conferences.

    PM Modi touched on India’s rapid growth in sectors such as infrastructure, digital payments, space, and innovation. He noted that India is the fastest-growing major economy and will soon be among the top three economies in the world. He also highlighted key national missions in AI, semiconductors, and quantum computing, positioning them as engines of India’s future growth.

    The Prime Minister announced that India’s UPI digital payment system will be adopted in Trinidad and Tobago, making financial transactions seamless and quicker — “ faster than West Indies bowling,” he said.

    PM Modi presented a symbolic replica of the Ram Mandir in Ayodhya and sacred water from the Sarayu River and the Maha Kumbh to Kamla Persad-Bissessar, reflecting strong spiritual and cultural bonds between the two nations.

    The event concluded with a grand cultural showcase by artists from the Mahatma Gandhi Institute for Cultural Cooperation and local organisations, celebrating the deep-rooted India-Trinidad and Tobago connection.

     

  • PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured a vibrant Indo-Trinidadian cultural programme and was graced by Trinidad and Tobago PM Kamla Persad-Bissessar, along with members of her Cabinet, Parliament, and other dignitaries.

    In a significant gesture, Prime Minister Persad-Bissessar announced that PM Modi would be conferred with The Order of the Republic of Trinidad and Tobago, the country’s highest civilian honour, in recognition of his global leadership and efforts to deepen ties between the two nations.

    Expressing heartfelt gratitude, PM Modi thanked the people and leadership of Trinidad and Tobago for the honour. He highlighted the special significance of his visit, which coincides with the 180th anniversary of the arrival of Indian indentured labourers in the Caribbean.

    In his address, the Prime Minister praised the Indian diaspora for their resilience, cultural richness, and their role in shaping modern Trinidad and Tobago. “You are not just defined by struggle anymore. You are defined by success, service, and values,” he said, adding with humour, “There must be something magical in the doubles and dal poori because you’ve doubled the success of this great nation.”

    As a major announcement, PM Modi declared that Overseas Citizen of India (OCI) cards will now be issued to the sixth generation of people of Indian origin in Trinidad and Tobago — a move that was met with thunderous applause. He also reaffirmed India’s commitment to preserving the legacy of the Girmitiya community, with plans to document their history and hold regular world conferences.

    PM Modi touched on India’s rapid growth in sectors such as infrastructure, digital payments, space, and innovation. He noted that India is the fastest-growing major economy and will soon be among the top three economies in the world. He also highlighted key national missions in AI, semiconductors, and quantum computing, positioning them as engines of India’s future growth.

    The Prime Minister announced that India’s UPI digital payment system will be adopted in Trinidad and Tobago, making financial transactions seamless and quicker — “ faster than West Indies bowling,” he said.

    PM Modi presented a symbolic replica of the Ram Mandir in Ayodhya and sacred water from the Sarayu River and the Maha Kumbh to Kamla Persad-Bissessar, reflecting strong spiritual and cultural bonds between the two nations.

    The event concluded with a grand cultural showcase by artists from the Mahatma Gandhi Institute for Cultural Cooperation and local organisations, celebrating the deep-rooted India-Trinidad and Tobago connection.

     

  • PM Modi hails Indian Diaspora for their role in shaping modern Trinidad &Tobago

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi received a rousing welcome as he addressed a large gathering of the Indian diaspora in Trinidad and Tobago on Thursday during his historic visit to the Caribbean nation. The event, attended by over 4,000 people, featured a vibrant Indo-Trinidadian cultural programme and was graced by Trinidad and Tobago PM Kamla Persad-Bissessar, along with members of her Cabinet, Parliament, and other dignitaries.

    In a significant gesture, Prime Minister Persad-Bissessar announced that PM Modi would be conferred with The Order of the Republic of Trinidad and Tobago, the country’s highest civilian honour, in recognition of his global leadership and efforts to deepen ties between the two nations.

    Expressing heartfelt gratitude, PM Modi thanked the people and leadership of Trinidad and Tobago for the honour. He highlighted the special significance of his visit, which coincides with the 180th anniversary of the arrival of Indian indentured labourers in the Caribbean.

    In his address, the Prime Minister praised the Indian diaspora for their resilience, cultural richness, and their role in shaping modern Trinidad and Tobago. “You are not just defined by struggle anymore. You are defined by success, service, and values,” he said, adding with humour, “There must be something magical in the doubles and dal poori because you’ve doubled the success of this great nation.”

    As a major announcement, PM Modi declared that Overseas Citizen of India (OCI) cards will now be issued to the sixth generation of people of Indian origin in Trinidad and Tobago — a move that was met with thunderous applause. He also reaffirmed India’s commitment to preserving the legacy of the Girmitiya community, with plans to document their history and hold regular world conferences.

    PM Modi touched on India’s rapid growth in sectors such as infrastructure, digital payments, space, and innovation. He noted that India is the fastest-growing major economy and will soon be among the top three economies in the world. He also highlighted key national missions in AI, semiconductors, and quantum computing, positioning them as engines of India’s future growth.

    The Prime Minister announced that India’s UPI digital payment system will be adopted in Trinidad and Tobago, making financial transactions seamless and quicker — “ faster than West Indies bowling,” he said.

    PM Modi presented a symbolic replica of the Ram Mandir in Ayodhya and sacred water from the Sarayu River and the Maha Kumbh to Kamla Persad-Bissessar, reflecting strong spiritual and cultural bonds between the two nations.

    The event concluded with a grand cultural showcase by artists from the Mahatma Gandhi Institute for Cultural Cooperation and local organisations, celebrating the deep-rooted India-Trinidad and Tobago connection.

     

  • Trinidad & Tobago PM praises Narendra Modi, to confer nation’s highest civilian honour

    Source: Government of India

    Source: Government of India (4)

    Trinidad and Tobago Prime Minister Kamla Persad-Bissessar on Thursday praised Indian PM Narendra Modi’s leadership and announced that the country’s highest civilian honour, “The Order of the Republic of Trinidad and Tobago,” will be conferred upon him on Friday.

    The award is being bestowed in recognition of PM Modi’s global leadership, his deep engagement with the Indian diaspora, and his humanitarian efforts during the Covid-19 pandemic.

    In her address, Prime Minister Persad-Bissessar described PM Modi’s visit as a moment of shared pride and historical connection.

    “We are graced by the presence of someone who is near and dear to us,” she said. “We are honoured by a leader whose visit is not just a matter of protocol but a profound gesture of friendship. I am deeply privileged to welcome one of the world’s most respected and visionary leaders – Prime Minister Narendra Modi of India.”

    Calling him a transformational force, she added, “You have refined governance in India and positioned your country as a dominant global power.”

    She further lauded his visionary leadership, “Through your futuristic initiatives, you have modernised the Indian economy, empowered over a billion citizens, and instilled pride in the hearts of Indians across the globe.”

    Recalling PM Modi’s earlier visit to Trinidad and Tobago in 2002, she said, “Back then, you visited not as a Prime Minister but as a cultural ambassador. Today, you return as the elected leader of more than 1.4 billion people—a distinguished statesman whose influence transcends borders. We bow to you, Sir.”

    Persad-Bissessar also highlighted Modi’s unwavering support for the Indian diaspora and his efforts to preserve shared heritage and cultural bonds. She expressed deep gratitude for India’s support during the Covid-19 pandemic, particularly through its global vaccine initiative.

    “Under your leadership, India extended its hand to the world – never more so than during the pandemic. Through your compassion and benevolence, vaccines and medical supplies reached even the smallest nations, including Trinidad and Tobago. You brought hope and calm where there was fear. This was more than diplomacy; it was an act of kinship, of shared humanity, and of love,” she said.

    “This is one of the many reasons we are proud to confer upon you the Order of the Republic of Trinidad and Tobago,” she added.

    The honour adds to a growing list of accolades awarded to Prime Minister Modi during his current Caribbean tour. Earlier, Barbados, Guyana, and Dominica also conferred their highest national awards on him.

    The governments of Guyana and Dominica cited PM Modi’s exceptional leadership during the pandemic, his contribution to the global community, and his efforts to strengthen bilateral ties with the Caribbean nations.

  • Trinidad & Tobago PM praises Narendra Modi, to confer nation’s highest civilian honour

    Source: Government of India

    Source: Government of India (4)

    Trinidad and Tobago Prime Minister Kamla Persad-Bissessar on Thursday praised Indian PM Narendra Modi’s leadership and announced that the country’s highest civilian honour, “The Order of the Republic of Trinidad and Tobago,” will be conferred upon him on Friday.

    The award is being bestowed in recognition of PM Modi’s global leadership, his deep engagement with the Indian diaspora, and his humanitarian efforts during the Covid-19 pandemic.

    In her address, Prime Minister Persad-Bissessar described PM Modi’s visit as a moment of shared pride and historical connection.

    “We are graced by the presence of someone who is near and dear to us,” she said. “We are honoured by a leader whose visit is not just a matter of protocol but a profound gesture of friendship. I am deeply privileged to welcome one of the world’s most respected and visionary leaders – Prime Minister Narendra Modi of India.”

    Calling him a transformational force, she added, “You have refined governance in India and positioned your country as a dominant global power.”

    She further lauded his visionary leadership, “Through your futuristic initiatives, you have modernised the Indian economy, empowered over a billion citizens, and instilled pride in the hearts of Indians across the globe.”

    Recalling PM Modi’s earlier visit to Trinidad and Tobago in 2002, she said, “Back then, you visited not as a Prime Minister but as a cultural ambassador. Today, you return as the elected leader of more than 1.4 billion people—a distinguished statesman whose influence transcends borders. We bow to you, Sir.”

    Persad-Bissessar also highlighted Modi’s unwavering support for the Indian diaspora and his efforts to preserve shared heritage and cultural bonds. She expressed deep gratitude for India’s support during the Covid-19 pandemic, particularly through its global vaccine initiative.

    “Under your leadership, India extended its hand to the world – never more so than during the pandemic. Through your compassion and benevolence, vaccines and medical supplies reached even the smallest nations, including Trinidad and Tobago. You brought hope and calm where there was fear. This was more than diplomacy; it was an act of kinship, of shared humanity, and of love,” she said.

    “This is one of the many reasons we are proud to confer upon you the Order of the Republic of Trinidad and Tobago,” she added.

    The honour adds to a growing list of accolades awarded to Prime Minister Modi during his current Caribbean tour. Earlier, Barbados, Guyana, and Dominica also conferred their highest national awards on him.

    The governments of Guyana and Dominica cited PM Modi’s exceptional leadership during the pandemic, his contribution to the global community, and his efforts to strengthen bilateral ties with the Caribbean nations.

  • Trinidad & Tobago PM praises Narendra Modi, to confer nation’s highest civilian honour

    Source: Government of India

    Source: Government of India (4)

    Trinidad and Tobago Prime Minister Kamla Persad-Bissessar on Thursday praised Indian PM Narendra Modi’s leadership and announced that the country’s highest civilian honour, “The Order of the Republic of Trinidad and Tobago,” will be conferred upon him on Friday.

    The award is being bestowed in recognition of PM Modi’s global leadership, his deep engagement with the Indian diaspora, and his humanitarian efforts during the Covid-19 pandemic.

    In her address, Prime Minister Persad-Bissessar described PM Modi’s visit as a moment of shared pride and historical connection.

    “We are graced by the presence of someone who is near and dear to us,” she said. “We are honoured by a leader whose visit is not just a matter of protocol but a profound gesture of friendship. I am deeply privileged to welcome one of the world’s most respected and visionary leaders – Prime Minister Narendra Modi of India.”

    Calling him a transformational force, she added, “You have refined governance in India and positioned your country as a dominant global power.”

    She further lauded his visionary leadership, “Through your futuristic initiatives, you have modernised the Indian economy, empowered over a billion citizens, and instilled pride in the hearts of Indians across the globe.”

    Recalling PM Modi’s earlier visit to Trinidad and Tobago in 2002, she said, “Back then, you visited not as a Prime Minister but as a cultural ambassador. Today, you return as the elected leader of more than 1.4 billion people—a distinguished statesman whose influence transcends borders. We bow to you, Sir.”

    Persad-Bissessar also highlighted Modi’s unwavering support for the Indian diaspora and his efforts to preserve shared heritage and cultural bonds. She expressed deep gratitude for India’s support during the Covid-19 pandemic, particularly through its global vaccine initiative.

    “Under your leadership, India extended its hand to the world – never more so than during the pandemic. Through your compassion and benevolence, vaccines and medical supplies reached even the smallest nations, including Trinidad and Tobago. You brought hope and calm where there was fear. This was more than diplomacy; it was an act of kinship, of shared humanity, and of love,” she said.

    “This is one of the many reasons we are proud to confer upon you the Order of the Republic of Trinidad and Tobago,” she added.

    The honour adds to a growing list of accolades awarded to Prime Minister Modi during his current Caribbean tour. Earlier, Barbados, Guyana, and Dominica also conferred their highest national awards on him.

    The governments of Guyana and Dominica cited PM Modi’s exceptional leadership during the pandemic, his contribution to the global community, and his efforts to strengthen bilateral ties with the Caribbean nations.

  • Trinidad & Tobago PM praises Narendra Modi, to confer nation’s highest civilian honour

    Source: Government of India

    Source: Government of India (4)

    Trinidad and Tobago Prime Minister Kamla Persad-Bissessar on Thursday praised Indian PM Narendra Modi’s leadership and announced that the country’s highest civilian honour, “The Order of the Republic of Trinidad and Tobago,” will be conferred upon him on Friday.

    The award is being bestowed in recognition of PM Modi’s global leadership, his deep engagement with the Indian diaspora, and his humanitarian efforts during the Covid-19 pandemic.

    In her address, Prime Minister Persad-Bissessar described PM Modi’s visit as a moment of shared pride and historical connection.

    “We are graced by the presence of someone who is near and dear to us,” she said. “We are honoured by a leader whose visit is not just a matter of protocol but a profound gesture of friendship. I am deeply privileged to welcome one of the world’s most respected and visionary leaders – Prime Minister Narendra Modi of India.”

    Calling him a transformational force, she added, “You have refined governance in India and positioned your country as a dominant global power.”

    She further lauded his visionary leadership, “Through your futuristic initiatives, you have modernised the Indian economy, empowered over a billion citizens, and instilled pride in the hearts of Indians across the globe.”

    Recalling PM Modi’s earlier visit to Trinidad and Tobago in 2002, she said, “Back then, you visited not as a Prime Minister but as a cultural ambassador. Today, you return as the elected leader of more than 1.4 billion people—a distinguished statesman whose influence transcends borders. We bow to you, Sir.”

    Persad-Bissessar also highlighted Modi’s unwavering support for the Indian diaspora and his efforts to preserve shared heritage and cultural bonds. She expressed deep gratitude for India’s support during the Covid-19 pandemic, particularly through its global vaccine initiative.

    “Under your leadership, India extended its hand to the world – never more so than during the pandemic. Through your compassion and benevolence, vaccines and medical supplies reached even the smallest nations, including Trinidad and Tobago. You brought hope and calm where there was fear. This was more than diplomacy; it was an act of kinship, of shared humanity, and of love,” she said.

    “This is one of the many reasons we are proud to confer upon you the Order of the Republic of Trinidad and Tobago,” she added.

    The honour adds to a growing list of accolades awarded to Prime Minister Modi during his current Caribbean tour. Earlier, Barbados, Guyana, and Dominica also conferred their highest national awards on him.

    The governments of Guyana and Dominica cited PM Modi’s exceptional leadership during the pandemic, his contribution to the global community, and his efforts to strengthen bilateral ties with the Caribbean nations.

  • Trinidad & Tobago PM praises Narendra Modi, to confer nation’s highest civilian honour

    Source: Government of India

    Source: Government of India (4)

    Trinidad and Tobago Prime Minister Kamla Persad-Bissessar on Thursday praised Indian PM Narendra Modi’s leadership and announced that the country’s highest civilian honour, “The Order of the Republic of Trinidad and Tobago,” will be conferred upon him on Friday.

    The award is being bestowed in recognition of PM Modi’s global leadership, his deep engagement with the Indian diaspora, and his humanitarian efforts during the Covid-19 pandemic.

    In her address, Prime Minister Persad-Bissessar described PM Modi’s visit as a moment of shared pride and historical connection.

    “We are graced by the presence of someone who is near and dear to us,” she said. “We are honoured by a leader whose visit is not just a matter of protocol but a profound gesture of friendship. I am deeply privileged to welcome one of the world’s most respected and visionary leaders – Prime Minister Narendra Modi of India.”

    Calling him a transformational force, she added, “You have refined governance in India and positioned your country as a dominant global power.”

    She further lauded his visionary leadership, “Through your futuristic initiatives, you have modernised the Indian economy, empowered over a billion citizens, and instilled pride in the hearts of Indians across the globe.”

    Recalling PM Modi’s earlier visit to Trinidad and Tobago in 2002, she said, “Back then, you visited not as a Prime Minister but as a cultural ambassador. Today, you return as the elected leader of more than 1.4 billion people—a distinguished statesman whose influence transcends borders. We bow to you, Sir.”

    Persad-Bissessar also highlighted Modi’s unwavering support for the Indian diaspora and his efforts to preserve shared heritage and cultural bonds. She expressed deep gratitude for India’s support during the Covid-19 pandemic, particularly through its global vaccine initiative.

    “Under your leadership, India extended its hand to the world – never more so than during the pandemic. Through your compassion and benevolence, vaccines and medical supplies reached even the smallest nations, including Trinidad and Tobago. You brought hope and calm where there was fear. This was more than diplomacy; it was an act of kinship, of shared humanity, and of love,” she said.

    “This is one of the many reasons we are proud to confer upon you the Order of the Republic of Trinidad and Tobago,” she added.

    The honour adds to a growing list of accolades awarded to Prime Minister Modi during his current Caribbean tour. Earlier, Barbados, Guyana, and Dominica also conferred their highest national awards on him.

    The governments of Guyana and Dominica cited PM Modi’s exceptional leadership during the pandemic, his contribution to the global community, and his efforts to strengthen bilateral ties with the Caribbean nations.

  • MIL-OSI New Zealand: Infrastructure Minister to visit United States

    Source: New Zealand Government

    Infrastructure, Transport and Housing Minister Chris Bishop will travel to New York and Texas tomorrow for a range of meetings across housing, planning, urban development and transport, including a keynote speech at the Urban Design Forum’s Global Exchange Programme.

    “In New York I will be holding a series of meetings with city officials and other stakeholders about their introduction of congestion pricing. The early results for New York are very promising, and with legislation allowing time of use charging schemes in New Zealand soon to report back from select committee, I look forward to bringing home lessons learned to ensure our scheme is a success from the start,” Mr Bishop says.

    “While in New York, I will meet with Professor Edward Glaeser, a leading global expert on urban economics, to discuss how governments can support affordable, thriving, and productive cities. I will also deliver a keynote speech at the Urban Design Forum’s Global Exchange Programme, highlighting the Coalition Government’s efforts to create a well-functioning urban land and housing system. The Forum is a network of over 1,000 civic leaders committed to making New York a better place to live – a goal I strongly share for New Zealand.

    “I will also spend a couple of days in Houston, Texas, the home of affordable housing in the United States. My engagements will focus on conversations with government agencies and local experts about their planning system and funding and financing tools which have seen the city make significant gains in delivering affordable housing.

    “The Government’s ‘Going for Housing Growth’ policy draws lessons from the flexible land markets enabled by a liberal planning system in jurisdictions like Texas and I am looking forward to discussing this with local experts.”

    Mr Bishop departs for the United States on Saturday 5 July and will return on Sunday 13 July.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Employment – Uber drivers to rally at Supreme Court as appeal heard – Workers First Union

    Source: Workers First Union

    WHAT: Workers First Union Uber drivers will be rallying outside the Supreme Court on Tuesday morning as Uber’s appeal begins in Wellington over a 2022 Employment Court case that found four drivers had been misclassified as contractors rather than employees of the company.
    WHEN: Tuesday 8 July, 09:00-09:30
    WHERE: Outside the Supreme Court, 85 Lambton Quay, between Ballance & Whitmore Street, Wellington 6011
    WHY:
    Dennis Maga, Workers First Union General Secretary, said that the Uber case, which had first been won by drivers in 2022, was the most significant employment case in recent New Zealand history and would have major ramifications for contractors and the ‘gig economy’.
    “The Employment Court and the Court of Appeal have already ruled that Uber drivers should be entitled to real employment protections like a minimum wage, sick leave, and the right to bargain collectively with Uber over wages and conditions as they already have to do in many overseas jurisdictions,” said Mr Maga.
    “Uber’s entire strategy is to misclassify themselves as a ‘tech company’ rather than a transport provider, to misclassify drivers as independent contractors, and to mislead politicians with bad faith arguments about “flexibility” to limit their responsibility to our country and economy.”
    “Uber drivers deserve real employment protections, and we sincerely hope that the Supreme Court will scrutinise the company’s arguments carefully and reaffirm the standard set in the Employment Court’s original verdict.”
    Mr Maga said hundreds of Uber drivers have joined Workers First since the Employment Court’s 2022 verdict and the union has lodged backpay claims for underpaid wages and leave on their behalf.
    Background information
    • A new report released this week by the Centre for International Corporate Tax Accountability and Research (CICTAR) and commissioned by Workers First Union, argues that Uber appears to be shifting hundreds of millions in misclassified profits out of New Zealand, costing the country millions in tax revenue.
    • For a timeline of the judicial process following the original Employment Court verdict on the case of the four Uber drivers, please see the union’s past media release on the Court of Appeal’s dismissal of Uber’s appeal.

    MIL OSI New Zealand News

  • MIL-OSI: Bitget Wallet Cuts Onchain TRON USDT Fees by 50% with GetGas Upgrade

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, July 04, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has introduced a major upgrade to its gas abstraction feature, GetGas, reducing onchain TRON USDT transfer fees by 50%. The feature now offers users a gas-free first transfer and subsidized rates on all subsequent USDT transfers conducted via TRON. With this update, Bitget Wallet becomes the most cost-efficient option among mainstream wallets for onchain USDT transactions on TRON.

    GetGas is Bitget Wallet’s native gas payment abstraction system, enabling users to deposit USDT, USDC, ETH, or BGB into a unified balance to cover gas fees across 10 supported blockchains, including, TRON, Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Morph Chain. Whether conducting transfers, swaps, or interacting with dApps, users can pay gas directly from their GetGas balance without needing to hold the native token of each chain. On TRON, this means users can send USDT without holding TRX, with GetGas automatically sourcing and applying energy subsidies to reduce costs.

    While TRON remains one of the most liquid and high-throughput stablecoin networks, gas management onchain can be complex for average users. Its resource model is based on “energy,” which must be acquired through staking TRX or using external rental platforms — both of which require manual setup and present price fluctuations. Bitget Wallet’s integration abstracts this away by sourcing energy within the app and applying subsidies through GetGas, creating a seamless and reliable onchain experience. By eliminating the need to manually manage TRX or energy, GetGas brings the usability of self-custodial wallets closer to the convenience typically seen in centralized platforms while preserving full user control and decentralization.

    TRON has emerged as the dominant network for USDT transfers, processing more than 2.4 million transactions daily and hosting over $80 billion in circulating USDT. Daily volume ranges from $20 to $30 billion, primarily driven by remittances, micro-payments, and trading flows. According to onchain data, activity is concentrated in South Asia, Southeast Asia, Africa, and Latin America — regions where stablecoins are widely used for cross-border transactions. By integrating TRON energy handling directly into GetGas, Bitget Wallet aims to support these user segments with more predictable and accessible transaction costs.

    Our vision is to make Web3 as seamless as Web2,” said Jamie Elkaleh, CMO of Bitget Wallet. “TRON USDT transfers have long been efficient in theory but frustrating in practice due to inconsistent gas mechanics. GetGas solves that by handling the complexity behind the scenes and delivering a reliable, cost-effective experience that users can trust.”

    This upgrade aligns with Bitget Wallet’s broader strategy to reduce friction in decentralized finance. The wallet already offers smart routing for multi-chain swaps, gasless top-ups, curated discovery tools, and a growing suite of payment features. With more than 80 million users and support for over 130 blockchains, Bitget Wallet continues to expand its infrastructure to meet the evolving needs of the global crypto community.

    For more information, visit Bitget Wallet Academy.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.
    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook
    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/583a2a42-242a-42f3-af87-a18d5738bea0

    The MIL Network

  • MIL-OSI: Bitget Wallet Cuts Onchain TRON USDT Fees by 50% with GetGas Upgrade

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, July 04, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has introduced a major upgrade to its gas abstraction feature, GetGas, reducing onchain TRON USDT transfer fees by 50%. The feature now offers users a gas-free first transfer and subsidized rates on all subsequent USDT transfers conducted via TRON. With this update, Bitget Wallet becomes the most cost-efficient option among mainstream wallets for onchain USDT transactions on TRON.

    GetGas is Bitget Wallet’s native gas payment abstraction system, enabling users to deposit USDT, USDC, ETH, or BGB into a unified balance to cover gas fees across 10 supported blockchains, including, TRON, Ethereum, Solana, BNB Chain, Polygon, Base, Arbitrum, Optimism, TON, and Morph Chain. Whether conducting transfers, swaps, or interacting with dApps, users can pay gas directly from their GetGas balance without needing to hold the native token of each chain. On TRON, this means users can send USDT without holding TRX, with GetGas automatically sourcing and applying energy subsidies to reduce costs.

    While TRON remains one of the most liquid and high-throughput stablecoin networks, gas management onchain can be complex for average users. Its resource model is based on “energy,” which must be acquired through staking TRX or using external rental platforms — both of which require manual setup and present price fluctuations. Bitget Wallet’s integration abstracts this away by sourcing energy within the app and applying subsidies through GetGas, creating a seamless and reliable onchain experience. By eliminating the need to manually manage TRX or energy, GetGas brings the usability of self-custodial wallets closer to the convenience typically seen in centralized platforms while preserving full user control and decentralization.

    TRON has emerged as the dominant network for USDT transfers, processing more than 2.4 million transactions daily and hosting over $80 billion in circulating USDT. Daily volume ranges from $20 to $30 billion, primarily driven by remittances, micro-payments, and trading flows. According to onchain data, activity is concentrated in South Asia, Southeast Asia, Africa, and Latin America — regions where stablecoins are widely used for cross-border transactions. By integrating TRON energy handling directly into GetGas, Bitget Wallet aims to support these user segments with more predictable and accessible transaction costs.

    Our vision is to make Web3 as seamless as Web2,” said Jamie Elkaleh, CMO of Bitget Wallet. “TRON USDT transfers have long been efficient in theory but frustrating in practice due to inconsistent gas mechanics. GetGas solves that by handling the complexity behind the scenes and delivering a reliable, cost-effective experience that users can trust.”

    This upgrade aligns with Bitget Wallet’s broader strategy to reduce friction in decentralized finance. The wallet already offers smart routing for multi-chain swaps, gasless top-ups, curated discovery tools, and a growing suite of payment features. With more than 80 million users and support for over 130 blockchains, Bitget Wallet continues to expand its infrastructure to meet the evolving needs of the global crypto community.

    For more information, visit Bitget Wallet Academy.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.
    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook
    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/583a2a42-242a-42f3-af87-a18d5738bea0

    The MIL Network

  • MIL-OSI Video: Minister Lamola briefs media ahead of DIRCO Budget Vote Speech

    Source: Republic of South Africa (video statements)

    03 July 2025

    Minister Lamola to deliver DIRCO Budget Vote Speech, which is to be preceded by a media briefing

    The Minister of International Relations and Cooperation, Mr Ronald Lamola, will deliver the Budget Vote Speech of the Department of International Relations and Cooperation (DIRCO) on Thursday, 03 July 2025, in Parliament, Cape Town.

    Minister Lamola will use the occasion to outline South Africa’s foreign policy priorities for the financial year 2025-2026, focussing on programmes and activities aligned to the attainment of the priorities of the Seventh Administration.

    Deputy Ministers Mr Alvin Botes and Ms Thandi Moraka will also deliver remarks during the debate on the Budget Vote Speech, focusing on South Africa’s relations with Europe and the Americas as well as Asia and Middle East regions, respectively.

    Ahead of the Budget Vote Speech, Minister Lamola is scheduled to hold a media briefing.

    The media briefing will take place as follows:

    Date: Thursday, 03 July 2025
    Time: 15:00
    Venue: Imbizo Media Centre, Parliament, Cape Town

    The DIRCO Budget Vote Speech is scheduled for 16h30, Good Hope Chamber.

    Media RSVP: Mpho Rakgakole, rakgakolem@dirco.gov.za

    ISSUED BY THE DEPARTMENT OF INTERNATIONAL RELATIONS AND COOPERATION

    OR Tambo Building
    460 Soutpansberg Road
    Rietondale
    Pretoria
    0084

    https://www.youtube.com/watch?v=v5Xn4odiU2E

    MIL OSI Video

  • PM Modi visits Trinidad, home to 42% Indian-origin population

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi arrived in Port of Spain on Thursday, marking the second stop of his ongoing five-nation tour. During his visit, the Prime Minister is scheduled to hold high-level discussions with the top leadership of Trinidad and Tobago to further strengthen bilateral ties.

    Historical ties rooted in migration

    The bond between India and Trinidad and Tobago traces back to the mid-19th century, when the subcontinent contributed nearly 143,000 indentured workers to Trinidad between 1845 and 1917. The majority hailed from Northern India, particularly from present-day Uttar Pradesh and Bihar. Many descendants still take pride in identifying their ancestral villages, districts (Zila), and fiscal units (Pargana).

    While these workers originally came for contractual labour lasting three to five years, most chose to stay, with approximately 134,183 Indians ultimately settling and shaping the country’s cultural and social fabric.

    Over time, this community has moved beyond its origins in agriculture and indentured labour. Today, people of Indian descent- who make up about 42% of Trinidad and Tobago’s 1.4 million population- are active across sectors including business, law, politics, medicine, and academia. The transformation from indentureship to entrepreneurship reflects not only economic progress but also the enduring cultural and emotional ties with India.

    In addition to this historic community, there are also around 500 Non-Resident Indians (NRIs) in Trinidad and Tobago, many of whom are engaged in business and teaching. Indian presence in the local economy is further strengthened by Indian enterprises like New India Assurance, which operates in the insurance sector. Regular trade fairs showcasing Indian garments, handicrafts, and furniture have also helped popularise Indian products.

    The Indian diaspora remains the largest in the Caribbean, noted for its strong cultural identity and economic success. These close cultural and people-to-people ties continue to support the historical relationship between India and Trinidad and Tobago.

    Pravasi Bharatiya Divas: celebrating overseas Indians

    Pravasi Bharatiya Divas (PBD) is observed every year on January 9 to acknowledge the contributions of the overseas Indian community in India’s growth story. Since 2015, the PBD Convention is organised every two years, along with theme-based regional conferences in between. These events provide a platform for the diaspora to connect with India through knowledge sharing, investments and collaborations.

    The President of Trinidad and Tobago, Christine Carla Kangaloo, was virtually the Chief Guest at the 18th PBD in Bhubaneswar and was conferred the PBSA during India’s Republic Day celebrations in 2025.

    During the 17th PBD Convention in Indore in January 2023, High Court Justice Frank Seepersad from Trinidad and Tobago received the Pravasi Bharatiya Samman Award (PBSA)- India’s highest honour for overseas Indians. Over the years, prominent figures from Trinidad and Tobago like former Prime Ministers Basdeo Panday (2005) and Kamla Persad-Bissessar (2012), as well as former Ministers Winston Dookeran (2017) and Dr. Lenny Krishendath Saith (2010), have also been recipients of the PBSA. The National Council for Indian Culture was similarly honoured in 2008.

    The Ministry of External Affairs continues to engage with overseas Indians through various programmes. Among these is the Overseas Citizenship of India scheme, which allows eligible foreign nationals of Indian origin to register for special status and privileges in India. The Know India Programme offers diaspora youth a three-week opportunity to connect with their ancestral homeland and learn about India’s history, culture, economy and scientific achievements through study tours and interactions with experts.

  • PM Modi visits Trinidad, home to 42% Indian-origin population

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi arrived in Port of Spain on Thursday, marking the second stop of his ongoing five-nation tour. During his visit, the Prime Minister is scheduled to hold high-level discussions with the top leadership of Trinidad and Tobago to further strengthen bilateral ties.

    Historical ties rooted in migration

    The bond between India and Trinidad and Tobago traces back to the mid-19th century, when the subcontinent contributed nearly 143,000 indentured workers to Trinidad between 1845 and 1917. The majority hailed from Northern India, particularly from present-day Uttar Pradesh and Bihar. Many descendants still take pride in identifying their ancestral villages, districts (Zila), and fiscal units (Pargana).

    While these workers originally came for contractual labour lasting three to five years, most chose to stay, with approximately 134,183 Indians ultimately settling and shaping the country’s cultural and social fabric.

    Over time, this community has moved beyond its origins in agriculture and indentured labour. Today, people of Indian descent- who make up about 42% of Trinidad and Tobago’s 1.4 million population- are active across sectors including business, law, politics, medicine, and academia. The transformation from indentureship to entrepreneurship reflects not only economic progress but also the enduring cultural and emotional ties with India.

    In addition to this historic community, there are also around 500 Non-Resident Indians (NRIs) in Trinidad and Tobago, many of whom are engaged in business and teaching. Indian presence in the local economy is further strengthened by Indian enterprises like New India Assurance, which operates in the insurance sector. Regular trade fairs showcasing Indian garments, handicrafts, and furniture have also helped popularise Indian products.

    The Indian diaspora remains the largest in the Caribbean, noted for its strong cultural identity and economic success. These close cultural and people-to-people ties continue to support the historical relationship between India and Trinidad and Tobago.

    Pravasi Bharatiya Divas: celebrating overseas Indians

    Pravasi Bharatiya Divas (PBD) is observed every year on January 9 to acknowledge the contributions of the overseas Indian community in India’s growth story. Since 2015, the PBD Convention is organised every two years, along with theme-based regional conferences in between. These events provide a platform for the diaspora to connect with India through knowledge sharing, investments and collaborations.

    The President of Trinidad and Tobago, Christine Carla Kangaloo, was virtually the Chief Guest at the 18th PBD in Bhubaneswar and was conferred the PBSA during India’s Republic Day celebrations in 2025.

    During the 17th PBD Convention in Indore in January 2023, High Court Justice Frank Seepersad from Trinidad and Tobago received the Pravasi Bharatiya Samman Award (PBSA)- India’s highest honour for overseas Indians. Over the years, prominent figures from Trinidad and Tobago like former Prime Ministers Basdeo Panday (2005) and Kamla Persad-Bissessar (2012), as well as former Ministers Winston Dookeran (2017) and Dr. Lenny Krishendath Saith (2010), have also been recipients of the PBSA. The National Council for Indian Culture was similarly honoured in 2008.

    The Ministry of External Affairs continues to engage with overseas Indians through various programmes. Among these is the Overseas Citizenship of India scheme, which allows eligible foreign nationals of Indian origin to register for special status and privileges in India. The Know India Programme offers diaspora youth a three-week opportunity to connect with their ancestral homeland and learn about India’s history, culture, economy and scientific achievements through study tours and interactions with experts.

  • Indian stock market opens marginally higher, Nifty above 25,400

    Source: Government of India

    Source: Government of India (4)

    The domestic benchmark indices opened marginally higher on Friday amid mixed global cues, with early buying seen in the IT, PSU bank and financial services sectors.

    At around 9:34 am, the Sensex was trading 32.52 points, or 0.04 per cent, higher at 83,271.99, while the Nifty added 3.45 points, or 0.01 per cent, to reach 25,408.75.

    According to analysts, the Nifty 50 opened on a positive note but failed to sustain its momentum, breaching its intraday support at 25,450 and forming a bearish candlestick pattern on the daily chart.

    “This development may signal a potential trend reversal; however, further confirmation is awaited. A sustained move above 25,600 could pave the way for a rally toward 25,750,” said Hardik Matalia, Derivative Analyst at Choice Broking.

    On the downside, immediate support is seen at 25,222 and 25,120, which could act as potential entry levels for long positions, he added.

    Nifty Bank was up 9.90 points, or 0.02 per cent, at 56,801.85 in early trade.

    The Nifty Midcap 100 index was trading at 59,771.65 after gaining 88.40 points, or 0.15 per cent. The Nifty Smallcap 100 index stood at 19,051.80, up 24.75 points, or 0.13 per cent.

    Analysts said investors should watch for possible changes in the earnings growth trajectory, indications of which will emerge with the Q1 results expected soon. Outperformance is likely to be company-specific rather than sector-specific.

    Among Sensex constituents, Bajaj Finance, Bajaj Finserv, BEL, HDFC Bank and Hindustan Unilever Limited were the top gainers. Trent, Tata Steel, Tech Mahindra and Titan were among the top losers.

    On the institutional front, Foreign Institutional Investors (FIIs) extended their selling streak for the fourth consecutive day, offloading equities worth Rs 1,481.19 crore on July 3. In contrast, Domestic Institutional Investors (DIIs) continued their buying activity, purchasing equities worth Rs 1,333.06 crore on the same day.

    In Asian markets, Bangkok, Hong Kong, Japan, Seoul and Jakarta were trading in the red, while only China was trading in the green.

    In the last trading session, the Dow Jones in the US closed at 44,828.53, up 344.11 points, or 0.77 per cent. The S&P 500 ended with a gain of 51.93 points, or 0.83 per cent, at 6,279.35, and the Nasdaq closed at 20,601.10, up 207.97 points, or 1.02 per cent.

    Viram Shah, Founder and CEO of Vested Finance, said the US markets closed sharply higher on Thursday on the back of a stronger-than-expected jobs report, with 147,000 jobs added and unemployment dipping to 4.1 per cent. This helped push the S&P 500 and Nasdaq to record highs.

    —IANS

  • MIL-OSI Russia: At the Faculty of Economics of NSU, 14 master’s students completed their studies under a joint program with the National Research University Higher School of Economics on innovative technologies in logistics

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    Yesterday, diplomas were awarded to fourteen master’s students who completed their studies under the unique for Russia online educational program of two diplomas of NSU and HSE – “Innovative technologies of logistics and supply chain management in the digital economy”. This important project for NSU was launched in 2023 and was supported within the framework of the Priority 2030 program. To implement it, teachers joined forces Faculty of Economics, NSU and staff of the International Centre for Supply Chain Management at the National Research University Higher School of Economics.

    — A well-built logistics system is an important factor that affects the profitability of a business. This area, like most others, is currently being transformed due to the active implementation of digital technologies. In the current situation, specialists are in demand who are able to build a logistics strategy, respond flexibly and quickly adapt to a changing market, reorient supply chains and forecast demand in conditions of uncertainty. Therefore, it was decided to launch a new educational program, — one of the scientific directors of the master’s program, Doctor of Economics Naimdzhon Ibragimov, told about the history of the project.

    According to the Dean of the NSU Faculty of Economics, PhD in Sociology Tatyana Bogomolova, the key to the success of this project was the high motivation to gain new experience and knowledge among both students and the teaching staff scattered throughout the country. The training was held online according to the regular schedule of the NSU Faculty of Economics Master’s program, two classes every weekday from 6 p.m. Novosibirsk time and up to five classes in the morning on Saturdays.

    — Our students have received such a volume of knowledge on logistics from HSE specialists in two years of study that few people receive in four years. The NSU Faculty of Economics was responsible for the blocks of disciplines on management, instrumental economic analysis and modern modeling in this project. The co-directors of the program were the gurus of domestic logistics, Doctor of Economics Valentina Dybskaya and Doctor of Economics Viktor Sergeev from the HSE, and Doctor of Economics Naimdzhon Ibragimov and Candidate of Economics Elena Prishchenko from the NSU Faculty of Economics. Our students were the real co-authors of the logistics program! — noted Tatyana Bogomolova.

    When talking about why they chose this program, graduates point out that the program provided an opportunity to learn something new and gain practical knowledge.

    Anton Lee:

    — I was finishing my bachelor’s degree in management here and realized that I wanted fundamentally new knowledge that I didn’t have before. That same year, a program in logistics was opening. I was attracted by the fact that I had two diplomas — from NSU and HSE. And the topic, in my opinion, was very interesting.

    Igor Pletnev:

    — I chose this program because I was interested in participating in such a joint unusual project, on the one hand, and, on the other hand, in acquiring some understanding of the practical application of my knowledge. That is, if in the bachelor’s degree I was given a lot of general theory, then in the master’s degree in this program they showed me how to apply it in practice, in particular, in logistics.

    The new program allowed for a more detailed study of a rather narrow but promising field, which has great practical significance. Also, the cooperation of the two universities made it possible to present different points of view on the same subject.

    Oleg Bychenkov:

    — For us, it was useful as a new area of knowledge that we discovered for ourselves, a narrower one. It is important both at the macro level for the economy as a whole, and at the micro level for the enterprises in which we will work in the future or which we may even found.

    Anton Lee:

    — We have gained fundamental knowledge in a new industry. We have never touched the logistics field before. Now such big gates have opened, where there is a huge layer of knowledge that we have never touched.

    Igor Pletnev:

    — Each higher education institution, especially such renowned ones as the Higher School of Economics and Novosibirsk State University, has established scientific schools. The main advantage of such network programs is that students, studying in them, gain an understanding of the subject from different points of view.

    More specifically, courses in strategic management and business modeling will be particularly useful in practice.

    The program’s graduates also shared with us their plans for the future:

    Oleg Bychenkov:

    — Now there is much more variability, because a diploma from two top universities is valued both in Novosibirsk and in the capital. We have the opportunity to either change our specialization or go deeper within our profession. I was just being selected for the field of strategic consulting, which became possible thanks to studying in this master’s program, and I successfully passed all stages of the selection.

    Anton Lee:

    — I received a good fundamental education from Novosibirsk State University and a layer of new knowledge within the framework of the master’s degree. I saw new opportunities for myself, so I am more inclined to open my own business.

    Igor Pletnev:

    — My plans for the future are grandiose, now I have a rather interesting specialty and set of knowledge. Considering my practical experience in IT, I plan to join the team developing information products to ensure logistics.

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

    MIL OSI Russia News

  • MIL-OSI Economics: Money Market Operations as on July 03, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,29,660.72 5.15 1.00-6.40
         I. Call Money 17,240.47 5.26 4.75-5.35
         II. Triparty Repo 4,15,519.40 5.12 5.00-5.20
         III. Market Repo 1,94,980.30 5.20 1.00-5.60
         IV. Repo in Corporate Bond 1,920.55 5.39 5.32-6.40
    B. Term Segment      
         I. Notice Money** 151.55 5.21 4.90-5.30
         II. Term Money@@ 315.00 5.35-5.75
         III. Triparty Repo 4,973.40 5.24 5.20-5.30
         IV. Market Repo 1,284.86 5.28 5.25-5.35
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 03/07/2025 1 Fri, 04/07/2025 1,111.00 5.75
    4. SDFΔ# Thu, 03/07/2025 1 Fri, 04/07/2025 3,26,770.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,25,659.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Fri, 27/06/2025 7 Fri, 04/07/2025 84,975.00 5.49
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       6,217.11  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -78,757.89  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,04,416.89  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on July 03, 2025 9,56,688.84  
         (ii) Average daily cash reserve requirement for the fortnight ending July 11, 2025 9,52,318.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 03, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 13, 2025 5,62,116.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/649

    MIL OSI Economics

  • MIL-OSI Video: Challenges and opportunities: what lies ahead for the world economy?

    Source: European Central Bank (video statements)

    Tariffs and geopolitical conflicts have created uncertainty around the world. But how does the new trade environment affect inflation and the economy? How can central banks adapt? And what is the potential impact on the dominance of the US dollar ?

    In the third episode of our special Sintra series of the ECB Podcast, our host Paul Gordon talks to London School of Economics Professor Silvana Tenreyro.

    The views expressed are those of the speakers and not necessarily those of the European Central Bank.

    Published on 4 July 2025 and recorded on 1 July 2025.

    In this episode:
    01:30 How is the world economy doing?
    What developments are having an impact on our economy today? And what uncertainties are arising from tariffs, trade fragmentation and armed conflicts in different parts of the world?

    03:30 Tariffs, trade fragmentation and the economy
    How can trade tariffs and fragmentation affect economic growth and inflation in the euro area and beyond?

    06:25 How are prices changing?
    How are prices changing in different countries? Will tariffs cause prices in the United States to rise, and those in Asia and Europe to fall? And why?

    07:55 Lessons for central banks
    Given the extremely high level of uncertainty, what lessons from past shocks can central banks apply in the future? Why do we need clearly defined frameworks? And what role do governments play?

    09:55 How can governments prepare for potential shocks?
    Investing in technologies that are difficult to substitute, diversifying energy sources and creating buffers for critical inputs – why it’s crucial that governments have a strategy to withstand various shocks.

    12:05 What is a dominant currency?
    When is a currency considered internationally “dominant”? And what dominant currencies have there been in the past?

    13:40 Dollar dominance and monetary policy transmission
    Does dollar dominance in international trade transactions reduce the effectiveness of monetary policy?

    17:30 The future of dollar dominance
    How will the dominance of the US dollar develop in the future? Is its role as a primary reserve currency at risk due to the Trump Administration’s policies?

    19:10 What keeps you up at night?
    What happens to our economy if there is a sudden shortage of a certain input? What impact will AI have if it remains largely unregulated? And what do stablecoins and digital currencies mean for our economy?

    21:00 Our guest’s hot tip

    Silvana shares her hot tip with our listeners.

    Further readings:

    Michael McLeay and Silvana Tenreyro: Dollar dominance and the transmission of monetary policy

    Sintra Series episode 1/4: Price stability in times of change

    Sintra Series episode 2/4: Adapting to change: Ensuring price stability in a new geopolitical era

    Silvana’s hot tip: I’m still here/Ainda estou aqui

    ECB Instagram
    https://www.instagram.com/europeancentralbank/

    https://www.youtube.com/watch?v=p1YYRg69syw

    MIL OSI Video

  • MIL-OSI New Zealand: New space squadron for NZDF

    Source: New Zealand Government

    The Royal New Zealand Air Force has established its first dedicated space unit with the reactivation of the No. 62 Squadron today, Defence Minister Judith Collins says.

    “This reflects our commitment to protecting New Zealand’s interests and security in the rapidly evolving space domain,” Ms Collins says.

    “Space is vital for modern life. We rely on space-based infrastructure for a range of critical services, from weather observation to financial transactions. 

    “This is an important signal that we’re taking space security seriously.”

    No. 62 Squadron was reactivated at a formal ceremony at RNZAF Base Auckland today. Originally active during World War II, the squadron supported Allied operations through the innovative use of radar technology. Now, its mission shifts to space domain awareness.

    “The squadron’s initial focus will be on monitoring, analysing, and understanding space activity to safeguard national and international interests,” Ms Collins says.

    “Recent global developments have highlighted the need for resilient, advanced defence capabilities. This move is part of the work the New Zealand Defence Force is doing to maintain a combat-capable, flexible force.”

    The reactivation supports the recent Defence Capability Plan which outlined $12 billion of planned commitments to upgrade the Defence Force over the next four years. 

    MIL OSI New Zealand News

  • MIL-OSI China: China’s global financial ranking on rise

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

    This panoramic aerial photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China’s Shanghai. [Photo/Xinhua]

    China ranks fourth in terms of its global financial competitiveness this year, following the United States, United Kingdom and Japan, with China’s rank one place higher than last year, according to a new report released at the Digital Finance Forum during the Global Digital Economy Conference 2025 in Beijing.

    The report, which evaluates 31 countries globally and was released by the Chinese Academy of Social Sciences on Thursday, states the gap between the scores of China and the US has narrowed for four consecutive years.

    Global financial competitiveness is defined as the ability of an economy’s financial system to allocate financial resources and manage risks more effectively on a global scale compared to other economies, thereby promoting economic growth and social development, according to the CASS.

    “For segmented indicators, China’s financial technology competitiveness has ranked third for two straight years, and this year’s score is significantly higher than last year, driven by notable development potential of China’s fintech industry,” said Liu Dongmin, a senior research fellow at the Institute of World Economics and Politics of the CASS.

    Meanwhile, the score of China’s fintech industry development potential index increased from 35.12 last year to 57.25 this year, and this ranking has risen from 12th last year to fourth place globally this year. Among the sub indicators, the AI talent index in China has risen from eighth place last year to fourth place this year, the report said.

    Major economies globally are actively promoting the growth of the digital economy, and China’s digital finance market is highly dynamic and ranks top in the world in terms of its market size, said Li Dongrong, former deputy governor of the People’s Bank of China.

    Last year, the market size of global digital finance exceeded $4.5 trillion, and China’s digital finance market size reached $3.2 trillion, becoming an important engine driving global growth, according to industry research company ChinaIRN.

    “China’s development of digital finance technology, especially mobile payment technology, is globally leading. Leveraging on the growth of digital technology, China’s financial services have effectively covered areas that were previously difficult to reach and the country has made effective breakthroughs in inclusive finance,” Li said at the forum.

    Chen Wenhui, former vice-chairman of the former China Banking and Insurance Regulatory Commission, said China’s application of artificial intelligence technology in the financial industry is accelerating. The digital wave has brought and will bring comprehensive transformation to the economy and society. AI is on a track with high certainty, and the financial sector should pay close attention to it.

    MIL OSI China News

  • MIL-OSI China: Catching a break, gig workers find rest, support in city harbors

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

    After a tiring journey of 600 kilometers, Liu Chunliang pulled into a logistics park and hopped out of his truck. After taking a shower in a nearby building, he enjoyed some hearty dumplings and then had a brief nap in a rest lounge while his truck was being unloaded.

    The building where Liu had the much-needed refreshment is in the Hengdi logistics park in Shanghai’s Jiading District. These facilities have transformed the logistics park from a mere transfer site for goods into a vital rest stop for long-haul drivers such as Liu.

    “I make round trips between Xuzhou and Shanghai eight to ten times a month. There used to be no place for me to get some rest along the way, but now I feel at home here in the park,” said Liu.

    Liu has benefited from a wider array of initiatives implemented by Jiading District to support gig workers in the area. As the gig economy continues to grow across China, cities are responding by establishing rest lounges, offering affordable dining options, and providing skill training for gig workers who play a crucial role in keeping urban life moving.

    The number of flexible workers in China exceeded 265 million in 2024, including 175 million engaged in platform-based gig work, according to an industry report by Hangzhou-based Gongmall, a digital solutions provider for the gig sector.

    They typically work as car-hailing drivers, food delivery riders and long-haul drivers, among other trades. While making life more convenient for residents, these flexible workers often scramble to find facilities to meet their basic needs — whether it is using the bathroom, recharging their mobile phones and electric bikes, or simply taking a moment to rest.

    Jiading District in Shanghai has set up stopover hubs for both car-hailing drivers and food delivery riders. One such hub, located in Zhaqiao Village, offers catering services and rental apartments. Here, car-hailing drivers can take naps in massage chairs while their cars charge outside. The budget-friendly cafeteria even provides meals outside regular dining hours.

    “For meals, I used to grab some buns or snacks in the car, eating when I could and often going hungry. Now, not only do I eat well, but I can also rest properly, so I don’t feel drowsy after long hours of driving,” said driver Wu Yigui, who is dining in the cafeteria.

    The driver from southwest China’s Guizhou Province has also made this service hub his temporary home, renting a shared apartment for 650 yuan (about 91 U.S. dollars) per month — an affordable option in the costly city of Shanghai.

    Food delivery riders have their rest lounges as well. On a typical workday afternoon, Jiang Zhongqiang, a rider for the food delivery platform Ele.me, stopped outside one of these lounges in Jiading. After replacing the battery for his electric bike, he stepped into the lounge, where he refilled his water bottle and plugged in his cell phone to charge while he enjoyed his meal.

    In 2022, the Chinese government issued a guideline aimed at improving gig economy services to boost employment. The country has been focusing on improving welfare for this increasingly significant segment of the workforce in recent years.

    In June, China released guidelines aimed at safeguarding public well-being and addressing the most pressing concerns of the people. These guidelines emphasized the need to improve the social insurance system for flexible workers. They also called for the gradual integration of flexible workers into the housing provident fund system.

    Rest stops for gig workers have proliferated in major cities across China. In Beijing’s Chaoyang District alone, there are 2,912 service stations where the district’s 83,000 flexible workers can recharge between tasks. One such lounge, located in the bustling Shuangjing commercial district, operates around the clock, allowing delivery riders to access it even deep in the night.

    The lounge, run by sub-district government offices, organizes skill training, festival celebrations, and reading activities for gig workers to foster a sense of belonging.

    These efforts extend beyond prosperous metropolises. In northwest China’s Ningxia Hui Autonomous Region, 2,077 rest stations have been established for gig workers, and their locations are conveniently integrated into navigation apps for easy access. In addition to providing free drinking water, charging and leisure facilities, and medications, the region has also organized free health check-ups for 35,000 gig workers.

    Talking about the rest lounges in Jiading, Zhu Xuguang, an official with the Jiading Branch of the Shanghai Public Security Bureau, said that the rest stops have become a physical and spiritual harbor for the gig workers.

    MIL OSI China News

  • MIL-OSI New Zealand: $22 million to enhance wildlife visitor experiences

    Source: New Zealand Government

    Toitū te marae a Tāne-Mahuta me Hineahuone, Toitū te marae a Tangaroa me Hinemoana, Toitū te tangata.
    Significant investment into supporting native species and tackling invasive pests in national parks has been announced by Conservation Minister Tama Potaka.
    Mr Potaka visited the Isaac Conservation and Wildlife Trust facility near Christchurch today, where he announced $22 million from the International Visitor Levy will go to restoring unique wildlife in national parks, islands and other popular visitor sites over the next three years. 
    Last year, nearly three-quarters of international visitors said they did a hike, walk or tramp while in Aotearoa New Zealand, and around half visited a national park. 
    “Conservation-related tourism is worth around $3.4 billion a year,” says Mr Potaka.
    “By backing conservation and sustainable tourism, the government also boosts our economy. This funding is strategically split between supporting our native species and tackling invasive pests—giving birds, bush, marine life and landscapes respite to recover.
    “We’re putting $4.15 million into expanding predator control, plus $11.5 million on the recovery of highly threatened species, including tara iti, at national parks and popular sites so visitors can enjoy thriving natural areas where their funds have contributed.
    “Almost $7 million will target feral goats which remove the forest undergrowth and prevent regeneration.  
    “People fly here with the dream of enjoying our world-class environment and we want to make that experience even better for them. It’s about generations of whānau camping out and struggling to sleep because of noisy kiwi calling outside; later waking to find only precious footprints. 
    “I’m delighted $1.7 million of this will go towards protecting critically endangered Canterbury locals—kakī/black stilts and kākāriki karaka/orange-fronted parakeets. 
    “There are only about 400 of these parakeets in the world. They nest in trees, cared for by both parents – but parent birds are no match for rats and stoats. If these invasive predators are around, eggs and chicks are quickly wiped out. 
    “We want to protect and grow rare species like these so more people can enjoy them at places closer to home like at The Brook Waimārama Sanctuary near Nelson. 
    “Budget 2025 allocates $55 million per annum to DOC for new investments from money raised under the new $100 IVL rate. 
    “New Zealand attracts visitors who care about nature and every cent that goes into conservation is an investment in our environment and our economy.”   
     
    Additional information for editors on the IVL projects:
    Expanding landscape scale predator control ($4.15m over 26/27 and 27/28)
    Additional work in National Parks and priority sites, to grow populations of iconic bird species.     
    The IVL funding will allow DOC to boost predator control operations in 2 or potentially 3 priority areas in response to the beech mast forecast for 2026.    
    Potential locations (triggered by monitoring and need for urgent beechmast response) include: Fiordland, Mt Aspiring, Arthur’s Pass, and Kahurangi National Parks in 26/27.   
    IVL funding will also enable the government to maintain the gains of philanthropic projects, maximising predator control outcomes from the NEXT Foundation investment: e.g. in Abel Tasman, Taranaki Mounga and Predator Free South Westland.   
    Goat management in National Parks and popular visitor areas ($6.9m over 3 years from 25/26) where damage results in visitors experiencing forests with limited understory.  
    Priority locations for focus:   

    Whanganui and Kahurangi National Parks    
    Iconic landscapes of Marlborough.      

    In some places it is viable to eradicate (totally remove) goats, creating huge cost efficiencies over the long-term, and reducing the impact of goats on forests.    
    Priority locations include:    

    Westland Tai Poutini National Park   
    Kaimai Forest Park   
    Nelson Lakes National Park  

    Increasing populations of threatened species in national parks, islands and popular sites ($11.5m over 3 years).  
    While increased weed and predator control will help many threatened species, there are targeted actions needed to ensure recovery of our most threatened and iconic species.    
    Initial focus of the IVL funding will be on the recovery of priority, highly threatened species that occur in national parks and high visitation sites, so that visitors can enjoy thriving natural areas where their funds have contributed.    
    2025/26 IVL funded species include:    

    Fauna: Southern NZ dotterel, kakī, Tara iti, kākāriki karaka, Paparoa giant wētā, Canterbury knobbled weevil, Awakopaka skink, Kakarakau skink, Oligosoma St Arnaud lowland skink.   
    Threatened plants: e.g., Brachyglottis rotundifolia, Solenogyne christensenii, Cardamine mutabilis, Carmichaelia carmichaeliae, Craspedia (Fyfe River).   

    Enhancing biodiversity on islands in popular visitor areas and ensuring appropriate protection is in place for biosecurity on high priority islands. For 2025/26, funding is allocated to the Hauraki Gulf, Marlborough Sounds, Kapiti and Fiordland islands. 

    MIL OSI New Zealand News

  • MIL-OSI USA: Wicker Details the Provisions of the Reconciliation Bill

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker
    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., detailed the provisions of the reconciliation bill which President Trump will soon sign into law.
    “The reconciliation bill is an investment in the future of the United States. Through this legislation, the Senate secured a down payment on a generational upgrade for our nation’s defense capabilities. Many of the key provisions of the Tax Cuts and Jobs Act will be cemented and expanded. This will stimulate the economy and benefit job creators across the country. Additionally, this legislation will help secure the southern border and unleash American energy production. This legislation delivers on the promises Republicans made to the American people in November.”
    Click here for the full legislative text.
    Below is a list of provisions in the reconciliation bill that benefit Mississippians:
    Key tax cuts from the Tax Cuts and Jobs Act are made permanent with an adjustment for inflation.
    This reconciliation bill delivers the largest tax cut for the middle class in American history.
    The Child Tax Credit is doubled from $1,000 to $2,000, and the legislation increases tax credits available for childcare expenses.
    The adoption tax credit is now partially refundable, making it more affordable for families to manage costs related to adoption.
    A 20 percent small business deduction is maintained, ensuring small businesses can continue to invest in themselves and their employees.
    A 53 percent long-run wage increase for Mississippians. This legislation ensures Mississippians will take home more dollars and have improved economic security.
    Research and development expenditures will be fully expensed for small business owners. This provision encourages innovation, boosts productivity, and improves competitiveness for businesses across Mississippi.
    The creation of permanent opportunity zones. Making opportunity zones permanent provides certainty for the individuals and companies that utilize the credit and invest in underserved communities.
    Up to a $25,000 deduction for qualified cash tips received in occupations that customarily receive tips, available to both employees and independent contractors.
    The 1099-K reporting threshold increased to $20,000 and 200 transactions. This will reduce burdensome red tape and unnecessary regulations imposed by Democrats in 2021, improving economic activity and job creation across Mississippi.
    The New Market Tax Credit is made permanent, driving investment in rural and underutilized areas across Mississippi.
    Work requirements will now be required for Medicaid coverage, ensuring these benefits are available to those who are truly in need of care. This provision will also eliminate much of the waste, fraud, and abuse within Medicaid.
    Medicaid is no longer available for illegal immigrants.
    There is an allocated $50 billion over five fiscal years for states to carry out rural health transformation plans. This funding would be available to improve access to hospitals and ensure the financial stability of rural hospitals.
    This legislation repeals $6 billion in climate related Green New Deal funds, restores lease sales blocked by the Biden administration, cuts permitting red tape, and funds resupplying the Strategic Petroleum Reserve (SPR) with American-sourced energy.
    All unspent funds and unobligated money in the Inflation Reduction Act will be rescinded.
    The methane tax is paused for the next 10 years, stopping Democrats’ natural gas tax hike, which would have increased gas prices and continued Biden’s inflationary policies.
    The Federal Communications Commissions’ (FCC) spectrum auction authority is restored until September 30, 2034. The FCC would be required to auction at least 800 megahertz—500 megahertz of Federal and 300 megahertz of non-Federal spectrum—within an eight-year period.
    There is an allocated $4.3 billion for the procurement of Polar Security Cutters, which are built at the Bollinger Shipbuilding’s Pascagoula yard.
    A total of $175 billion on funding for securing the southern border, including:
    $46.5 billion for Customs and Border Protection for construction of the border wall.
    $45 billion for expanding ICE detention capacity.
    $4.1 billion for border patrol agents, air and marine agents, and field support personnel.
    $6 billion for border technology and screening upgrades.
    $10 billion in grant funding to reimburse states for border security expenses.
    The John C. Stennis Space Center will receive $120 million for infrastructure modernization projects. As NASA’s largest rocket propulsion test facility, these investments will enable NASA to update aging facilities and support development to attract commercial companies to the site.
    The Space Launch System for Artemis Missions IV and V receives $4.1 billion. All engines in the Artemis program are tested at the Stennis Center. This will enable additional testing of engines for Artemis V to continue at the Stennis Center.
    The legislation narrows the Supplemental Nutrition Assistant Program (SNAP) exceptions for work requirements for able-bodied adults, ensures benefits are available for those who truly need it.
    SNAP is no longer available for illegal immigrants.
    Commodities reference prices are increased to account for inflation so farmers and cattlemen can produce food here in the United States. It is imperative we are not relying on other nations for the food to feed our nation.
    Farm-raised fish producers who experience losses associated with bird predation are eligible for emergency assistance in the event of a disaster.
    The competitive research grants included in this bill for agriculture research facilities will ensure the next generation of students have access to cutting-edge facilities and research opportunities.
    The Consumer Financial Protection Bureau funding would be decreased by 45 percent, limiting this unaccountable federal entity from issuing needless bureaucratic regulations that reduce consumer access to financial services.
    As Chairman of the Armed Services Committee, Chairman Wicker secured a total of $150 billion for investment in our military. Below are a few of those provisions:
    $25 billion for the Golden Dome for America. This missile defense system will shield our homeland and troops in the age of hypersonic weapons.
    $29 billion for shipbuilding and the Maritime Industrial Base. Expands the size and enhances the capability of our naval fleet. Invests in autonomous surface and subsurface technology. Builds capacity and improves infrastructure in the maritime industrial base.
    $15 billion for nuclear deterrence. Accelerates modernization of the triad. Improves readiness of our current nuclear deterrent. Invests in infrastructure needed to restore America’s ability to manufacture nuclear weapons.
    $350 million to replace antiquated business systems and inject automation and AI at the DOD. This funding would support DOGE so that the DOD can finish its first audit by end of 2028.
    $16 billion to improve readiness, including through modernization of depots, additional spare parts for aircraft, and expanded naval maintenance.    
    $9 billion for service member quality of life. These funds increase allowances and special pays, as well as improvements to housing, healthcare, childcare, and education. 
    $16 billion to expedite innovation to the warfighter. This legislation increases scale production of innovative low-cost and next-generation weapons like drones, counter-drone tech, low-cost munitions, and artificial intelligence.

    MIL OSI USA News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for July 4, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on July 4, 2025.

    Astronomers have spied an interstellar object zooming through the Solar System
    Source: The Conversation (Au and NZ) – By Kirsten Banks, Lecturer, School of Science, Computing and Engineering Technologies, Swinburne University of Technology K Ly / Deep Random Survey This week, astronomers spotted the third known interstellar visitor to our Solar System. First detected by the Asteroid Terrestrial-impact Last Alert System (ATLAS) on July 1, the

    Avoid bad breath, don’t pick partners when drunk: ancient dating tips to find modern love
    Source: The Conversation (Au and NZ) – By Konstantine Panegyres, Lecturer in Classics and Ancient History, The University of Western Australia Henryk Siemiradzki via Wikimedia Commons To love and be loved is something most people want in their lives. In the modern world, we often see stories about the difficulties of finding love and the

    Back to Back Theatre tackles an epic Shakespearian conflict – set in a factory, with cardboard props
    Source: The Conversation (Au and NZ) – By Kate Hunter, Senior Lecturer in Art and Performance, Deakin University Jeff Busby/Back To Back Theatre/ACMI Back to Back Theatre is one of Australia’s national treasures. Over 30 years this dynamic Geelong-based company – an ensemble of actors who are perceived to have intellectual disabilities – has built

    Australia’s new lung cancer screening program has chosen simplicity over equity, and we’re concerned
    Source: The Conversation (Au and NZ) – By Lisa J. Whop, Associate Director of Research and Senior Fellow, Yardhura Walani, National Centre for Aboriginal and Torres Strait Islander Wellbeing Research, Australian National University Thurtell/Getty Images Australia’s lung cancer screening program launched on July 1, and marks real progress and opportunity. It aims to reduce the

    Lost in space: MethaneSat failed just as NZ was to take over mission control – here’s what we need to know now
    Source: The Conversation (Au and NZ) – By Nicholas Rattenbury, Associate Professor in Physics, University of Auckland, Waipapa Taumata Rau Environmental Defense Fund, CC BY-SA This week’s announcement of the loss of a methane-detecting satellite, just days before New Zealand was meant to take over mission control, is a blow to the country’s space research

    Rare wooden tools from Stone Age China reveal plant-based lifestyle of ancient lakeside humans
    Source: The Conversation (Au and NZ) – By Bo Li, Professor, Environmental Futures Research Centre, School of Science, University of Wollongong Excavation at the Gantangqing site. Liu et al. Ancient wooden tools found at a site in Gantangqing in southwestern China are approximately 300,000 years old, new dating has shown. Discovered during excavations carried out

    I’ve seen the brain damage contact sports can cause – we all need to take concussion and CTE more seriously
    Source: The Conversation (Au and NZ) – By Alan Pearce, Professor, Adjunct Research Fellow, School of Health Science, Swinburne University of Technology AAP Image/The Conversation, CC BY Concussion in sport continues to make headlines, whether it be class actions, young men flocking to the highly violent “RunIt” activity or debate about whether Australian rules football

    NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning?
    Source: The Conversation (Au and NZ) – By Timothy Welch, Senior Lecturer in Urban Planning, University of Auckland, Waipapa Taumata Rau Hagen Hopkins/Getty Images) Another week, another Cook Strait ferry breakdown. As the winter maintenance season approaches and the Aratere prepares for its final months of service, New Zealand faces a self-imposed crisis. The government

    Mauna Loa Observatory captured the reality of climate change. The US plans to shut it down
    Source: The Conversation (Au and NZ) – By Alex Sen Gupta, Associate Professor in Climate Science, UNSW Sydney Izabela23/Shutterstock The greenhouse effect was discovered more than 150 years ago and the first scientific paper linking carbon dioxide levels in the atmosphere with climate change was published in 1896. But it wasn’t until the 1950s that

    6 simple questions to tell if a ‘finfluencer’ is more flash than cash
    Source: The Conversation (Au and NZ) – By Dimitrios Salampasis, Associate Professor, Emerging Technologies and FinTech | FinTech Capability Lead, Swinburne University of Technology Oleg Golovnev/Shutterstock Images of flashy sports cars. Lavish lifestyle shots. These are just some of the red flags consumers should watch out for when they turn to social media for financial

    Grattan on Friday: how two once hot-button issues this week barely sparked media and political interest
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Political and news cycles often work in a certain and predictable way. Issues flare like bushfires, then rage for weeks or even months, until they are finally extinguished by action or fade by being overtaken by the next big thing.

    How many serious incidents are happening in Australian childcare centres? We don’t really know
    Source: The Conversation (Au and NZ) – By Erin Harper, Lecturer, School of Education and Social Work, University of Sydney Catherine Delahaye/ Getty Images This week, a Melbourne childcare worker was charged over alleged sexual abuse of young children in his care. Families are justifiably appalled and furious – with 1,200 children urged to be

    Too much vitamin B6 can be toxic. 3 symptoms to watch out for
    Source: The Conversation (Au and NZ) – By Nial Wheate, Professor, School of Natural Sciences, Macquarie University Selena3726/Shutterstock Side effects from taking too much vitamin B6 – including nerve damage – may be more widespread than we think, Australia’s medicines regulator says. In an ABC report earlier this week, a spokesperson for the Therapeutic Goods

    Too much vitamin B6 can be toxic. 3 symptoms to watch out for
    Source: The Conversation (Au and NZ) – By Nial Wheate, Professor, School of Natural Sciences, Macquarie University Selena3726/Shutterstock Side effects from taking too much vitamin B6 – including nerve damage – may be more widespread than we think, Australia’s medicines regulator says. In an ABC report earlier this week, a spokesperson for the Therapeutic Goods

    10 steps governments can take now to stamp out child sexual abuse in care settings
    Source: The Conversation (Au and NZ) – By Ben Mathews, Distinguished Professor, School of Law, Queensland University of Technology Recent cases of prolific alleged child sexual abuse in Melbourne and other Australian early childhood education and care settings have shocked even experienced people who work to prevent child sexual abuse. Parents are right to be

    Tears, trauma and unpaid work: why men in tinnies aren’t the only heroes during a flood disaster
    Source: The Conversation (Au and NZ) – By Rebecca McNaught, Research Fellow, Rural and Remote Health, University of Sydney Dan Peled/Getty Images When flooding strikes, our screens fill with scenes of devastated victims, and men performing heroic dinghy rescues in swollen rivers. But another story often goes untold: how women step in, and step up,

    The takeaway from the Venice Biennale saga: the art world faces deep and troubling structural inequality
    Source: The Conversation (Au and NZ) – By Grace McQuilten, Professor of Art and Associate Dean, Research and Innovation, School of Art, RMIT University Creative Australia’s decision earlier this year to rescind the selection of artist Khaled Sabsabi and curator Michael Dagostino as Australia’s 2026 representatives at the Venice Biennale sent shockwaves through the arts

    The Rainbow Warrior saga: 1. French state terrorism and NZ’s end of innocence
    COMMENTARY: By Eugene Doyle Immediately after killing Fernando Pereira and blowing up Greenpeace’s flagship the Rainbow Warrior in Auckland harbour, several of the French agents went on a ski holiday in New Zealand’s South Island to celebrate. Such was the contempt the French had for the Kiwis and the abilities of our police to pursue

    Does eating cheese before bed really give you nightmares? Here’s what the science says
    Source: The Conversation (Au and NZ) – By Charlotte Gupta, Senior Postdoctoral Research Fellow, Appleton Institute, HealthWise Research Group, CQUniversity Australia Phoenixns/Shutterstock, The Conversation, CC BY Have you heard people say eating cheese before bed will cause you to have vivid dreams or nightmares? It’s a relatively common idea. And this week, a new study

    Experiencing extreme weather and disasters is not enough to change views on climate action, study shows
    Source: The Conversation (Au and NZ) – By Omid Ghasemi, Research Associate in Behavioural Science at the Institute for Climate Risk & Response, UNSW Sydney STR / AFP via Getty Images Climate change has made extreme weather events such as bushfires and floods more frequent and more likely in recent years, and the trend is

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for July 4, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on July 4, 2025.

    Astronomers have spied an interstellar object zooming through the Solar System
    Source: The Conversation (Au and NZ) – By Kirsten Banks, Lecturer, School of Science, Computing and Engineering Technologies, Swinburne University of Technology K Ly / Deep Random Survey This week, astronomers spotted the third known interstellar visitor to our Solar System. First detected by the Asteroid Terrestrial-impact Last Alert System (ATLAS) on July 1, the

    Avoid bad breath, don’t pick partners when drunk: ancient dating tips to find modern love
    Source: The Conversation (Au and NZ) – By Konstantine Panegyres, Lecturer in Classics and Ancient History, The University of Western Australia Henryk Siemiradzki via Wikimedia Commons To love and be loved is something most people want in their lives. In the modern world, we often see stories about the difficulties of finding love and the

    Back to Back Theatre tackles an epic Shakespearian conflict – set in a factory, with cardboard props
    Source: The Conversation (Au and NZ) – By Kate Hunter, Senior Lecturer in Art and Performance, Deakin University Jeff Busby/Back To Back Theatre/ACMI Back to Back Theatre is one of Australia’s national treasures. Over 30 years this dynamic Geelong-based company – an ensemble of actors who are perceived to have intellectual disabilities – has built

    Australia’s new lung cancer screening program has chosen simplicity over equity, and we’re concerned
    Source: The Conversation (Au and NZ) – By Lisa J. Whop, Associate Director of Research and Senior Fellow, Yardhura Walani, National Centre for Aboriginal and Torres Strait Islander Wellbeing Research, Australian National University Thurtell/Getty Images Australia’s lung cancer screening program launched on July 1, and marks real progress and opportunity. It aims to reduce the

    Lost in space: MethaneSat failed just as NZ was to take over mission control – here’s what we need to know now
    Source: The Conversation (Au and NZ) – By Nicholas Rattenbury, Associate Professor in Physics, University of Auckland, Waipapa Taumata Rau Environmental Defense Fund, CC BY-SA This week’s announcement of the loss of a methane-detecting satellite, just days before New Zealand was meant to take over mission control, is a blow to the country’s space research

    Rare wooden tools from Stone Age China reveal plant-based lifestyle of ancient lakeside humans
    Source: The Conversation (Au and NZ) – By Bo Li, Professor, Environmental Futures Research Centre, School of Science, University of Wollongong Excavation at the Gantangqing site. Liu et al. Ancient wooden tools found at a site in Gantangqing in southwestern China are approximately 300,000 years old, new dating has shown. Discovered during excavations carried out

    I’ve seen the brain damage contact sports can cause – we all need to take concussion and CTE more seriously
    Source: The Conversation (Au and NZ) – By Alan Pearce, Professor, Adjunct Research Fellow, School of Health Science, Swinburne University of Technology AAP Image/The Conversation, CC BY Concussion in sport continues to make headlines, whether it be class actions, young men flocking to the highly violent “RunIt” activity or debate about whether Australian rules football

    NZ will soon have no real interisland rail-ferry link – why are we so bad at infrastructure planning?
    Source: The Conversation (Au and NZ) – By Timothy Welch, Senior Lecturer in Urban Planning, University of Auckland, Waipapa Taumata Rau Hagen Hopkins/Getty Images) Another week, another Cook Strait ferry breakdown. As the winter maintenance season approaches and the Aratere prepares for its final months of service, New Zealand faces a self-imposed crisis. The government

    Mauna Loa Observatory captured the reality of climate change. The US plans to shut it down
    Source: The Conversation (Au and NZ) – By Alex Sen Gupta, Associate Professor in Climate Science, UNSW Sydney Izabela23/Shutterstock The greenhouse effect was discovered more than 150 years ago and the first scientific paper linking carbon dioxide levels in the atmosphere with climate change was published in 1896. But it wasn’t until the 1950s that

    6 simple questions to tell if a ‘finfluencer’ is more flash than cash
    Source: The Conversation (Au and NZ) – By Dimitrios Salampasis, Associate Professor, Emerging Technologies and FinTech | FinTech Capability Lead, Swinburne University of Technology Oleg Golovnev/Shutterstock Images of flashy sports cars. Lavish lifestyle shots. These are just some of the red flags consumers should watch out for when they turn to social media for financial

    Grattan on Friday: how two once hot-button issues this week barely sparked media and political interest
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Political and news cycles often work in a certain and predictable way. Issues flare like bushfires, then rage for weeks or even months, until they are finally extinguished by action or fade by being overtaken by the next big thing.

    How many serious incidents are happening in Australian childcare centres? We don’t really know
    Source: The Conversation (Au and NZ) – By Erin Harper, Lecturer, School of Education and Social Work, University of Sydney Catherine Delahaye/ Getty Images This week, a Melbourne childcare worker was charged over alleged sexual abuse of young children in his care. Families are justifiably appalled and furious – with 1,200 children urged to be

    Too much vitamin B6 can be toxic. 3 symptoms to watch out for
    Source: The Conversation (Au and NZ) – By Nial Wheate, Professor, School of Natural Sciences, Macquarie University Selena3726/Shutterstock Side effects from taking too much vitamin B6 – including nerve damage – may be more widespread than we think, Australia’s medicines regulator says. In an ABC report earlier this week, a spokesperson for the Therapeutic Goods

    Too much vitamin B6 can be toxic. 3 symptoms to watch out for
    Source: The Conversation (Au and NZ) – By Nial Wheate, Professor, School of Natural Sciences, Macquarie University Selena3726/Shutterstock Side effects from taking too much vitamin B6 – including nerve damage – may be more widespread than we think, Australia’s medicines regulator says. In an ABC report earlier this week, a spokesperson for the Therapeutic Goods

    10 steps governments can take now to stamp out child sexual abuse in care settings
    Source: The Conversation (Au and NZ) – By Ben Mathews, Distinguished Professor, School of Law, Queensland University of Technology Recent cases of prolific alleged child sexual abuse in Melbourne and other Australian early childhood education and care settings have shocked even experienced people who work to prevent child sexual abuse. Parents are right to be

    Tears, trauma and unpaid work: why men in tinnies aren’t the only heroes during a flood disaster
    Source: The Conversation (Au and NZ) – By Rebecca McNaught, Research Fellow, Rural and Remote Health, University of Sydney Dan Peled/Getty Images When flooding strikes, our screens fill with scenes of devastated victims, and men performing heroic dinghy rescues in swollen rivers. But another story often goes untold: how women step in, and step up,

    The takeaway from the Venice Biennale saga: the art world faces deep and troubling structural inequality
    Source: The Conversation (Au and NZ) – By Grace McQuilten, Professor of Art and Associate Dean, Research and Innovation, School of Art, RMIT University Creative Australia’s decision earlier this year to rescind the selection of artist Khaled Sabsabi and curator Michael Dagostino as Australia’s 2026 representatives at the Venice Biennale sent shockwaves through the arts

    The Rainbow Warrior saga: 1. French state terrorism and NZ’s end of innocence
    COMMENTARY: By Eugene Doyle Immediately after killing Fernando Pereira and blowing up Greenpeace’s flagship the Rainbow Warrior in Auckland harbour, several of the French agents went on a ski holiday in New Zealand’s South Island to celebrate. Such was the contempt the French had for the Kiwis and the abilities of our police to pursue

    Does eating cheese before bed really give you nightmares? Here’s what the science says
    Source: The Conversation (Au and NZ) – By Charlotte Gupta, Senior Postdoctoral Research Fellow, Appleton Institute, HealthWise Research Group, CQUniversity Australia Phoenixns/Shutterstock, The Conversation, CC BY Have you heard people say eating cheese before bed will cause you to have vivid dreams or nightmares? It’s a relatively common idea. And this week, a new study

    Experiencing extreme weather and disasters is not enough to change views on climate action, study shows
    Source: The Conversation (Au and NZ) – By Omid Ghasemi, Research Associate in Behavioural Science at the Institute for Climate Risk & Response, UNSW Sydney STR / AFP via Getty Images Climate change has made extreme weather events such as bushfires and floods more frequent and more likely in recent years, and the trend is

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