NewzIntel.com

Category: Economy

  • MIL-OSI: Southside Bancshares, Inc. to Ring NYSE Opening Bell to Celebrate 65th Anniversary

    Source: GlobeNewswire (MIL-OSI)

    TYLER, Texas, July 25, 2025 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (the “Company”) (NYSE:SBSI), parent company of Southside Bank, will ring the opening bell at the New York Stock Exchange on Monday, July 28th to celebrate the 65th anniversary of Southside Bank. Lee R. Gibson, Chief Executive Officer, alongside members of the Company’s management team and board of directors, will participate in the ceremonial bell ringing.

    “We are honored to ring the NYSE opening bell to commemorate Southside’s 65th anniversary,” said Lee R. Gibson, Chief Executive Officer. “Since we first opened our doors in 1960, we have remained committed to helping people and businesses of our Texas communities thrive and prosper. This significant milestone is a testament to the hard work of our team members and our longstanding dedication to our customers, communities, and shareholders.”

    The bell ringing ceremony begins at approximately 8:25 AM CT and can be streamed at https://www.nyse.com/bell.

    About Southside Bancshares, Inc.

    Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.34 billion in assets as of June 30, 2025, that wholly-owns Southside Bank. Southside Bank currently operates 53 branches and a network of 71 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

    To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive email notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at (903) 630-7965, or lindsey.bailes@southside.com.

    For further information:
    Lindsey Bailes
    903-630-7965
    lindsey.bailes@southside.com

    The MIL Network –

  • MIL-OSI: No Credit Check Bad Credit Guaranteed Approval Loan Scams Exposed and Debunked While GreendayOnline Proves There’s a Better Way

    Source: GlobeNewswire (MIL-OSI)

    Dallas, TX , July 25, 2025 (GLOBE NEWSWIRE) — As millions of Americans continue seeking loans for bad credit, a comprehensive analysis reveals concerning trends in the no credit check loans space while highlighting how responsible lenders like GreendayOnline are providing genuine alternatives. This educational initiative aims to help consumers understand personal loans for bad credit while making informed borrowing decisions about bad credit loans guaranteed approval options.

    Chapter 1: The “No Credit Check” Deception – What Bad Credit Borrowers Really Face in 2025

    The promise of “guaranteed approval” has become increasingly common in online advertising for example phrases such as “personal loans for bad credit guaranteed approval”. However, consumers researching urgent loans for bad credit often discover that these marketing claims can be misleading, according to industry experts and consumer advocates studying the loans with bad credit marketplace.

    GreendayOnline, a transparent lending platform specializing in online loans for bad credit, reports that many borrowers seeking “no credit check loans guaranteed approval direct lender”options encounter unexpected terms once they begin the application process.

     “We’ve seen too many consumers disappointed by the gap between advertising promises and actual loan terms,” explains Tarquin Nemec, GreendayOnline’s representative. “That’s precisely why we focus on clear, upfront communication for example in California about all aspects of our online $255 payday loans on the same day. We go into explaining the same day is only possible if you apply early enough.

    Common Pricing Structure Challenges in No Credit Check Loans:

    • Misleading flat-fee advertising – While some lenders advertise loans for people with bad credit using attractive structures like “$15 per $100 borrowed,” the actual APR can reach 300-400%

    • Hidden calculations for payday loans online same day – True costs often remain unclear until after application submission

    • Delayed disclosure in bad credit loans- Many lenders reveal actual terms only during final approval stages

    • Complex fee structures that make installment loans for bad credit difficult to compare accurately because of obfustication.

    GreendayOnline addresses these challenges in the loans with no credit check market by providing clear APR disclosures from the initial application stage, ensuring borrowers understand exactly what they’re agreeing to before signing any documentation. This transparency stands in contrast to some industry practices where the true cost of emergency loans becomes apparent only after approval.

    The term “direct lender” has also evolved in meaning across the bad credit personal loans space. While consumers searching for quick loans for bad credit often prefer working directly with the actual lender, some companies marketing themselves as loans “no credit check direct lenders” actually operate through complex networks. GreendayOnline maintains a straightforward model for no credit check loans with not always granting “guaranteed approval” , eliminating confusion about who provides the funds and services.

    Chapter 2: Bad Credit Borrowers – The Perfect Target for Financial Predators

    The small loan and  bad credit market serves consumers who often cannot access traditional banking products due to credit challenges. Research indicates that borrowers seeking best loans for bad credit typically include individuals recovering from financial setbacks, those with limited credit history, and consumers facing temporary cash flow issues in the bad credit loan marketplace.

    Marketing strategies in this space often focus on speed and accessibility, emphasizing terms like “hardship loans for bad credit” and “payday loans no credit check.”

    While speed can be valuable during financial emergencies, GreendayOnline emphasizes that borrowers benefit most when they can quickly access both funding and comprehensive information about their bad credit loan approval terms.

    Diverse Customer Demographics Seeking Payday Loans for Bad Credit:

    Industry data shows that consumers searching for “no denial installment loans direct lenders” or loans for people with poor credit often come from diverse backgrounds:

    • Working professionals experiencing temporary cash flow gaps
    • Students managing educational expenses through best online loans instant approval
    • Retirees on fixed incomes facing unexpected costs via instant payday loans online guaranteed approval
    • Small business owners handling seasonal revenue fluctuations
    • Military families dealing with deployment-related financial challenges
    • Single parents managing childcare emergencies
    • Healthcare workers covering certification or continuing education costs

    GreendayOnline has observed that effective lending with customers looking for “no denial payday loans” involves understanding each customer’s unique situation rather than assuming that the borrower is broke.

     Their approach focuses on providing same day emergency loans for borrowers across different income levels and credit situations, recognizing that one-size-fits-all solutions rarely meet individual needs

    The concentration of best online payday loans in certain communities has drawn regulatory attention in some states. However, many industry participants, including GreendayOnline, view this as an opportunity to demonstrate responsible lending practices.

    Chapter 3: Guaranteed to Fail – Why Bad Credit Loan Defaults Are Built Into the Predatory System

    Industry statistics reveal that default rates for loans for bad credit vary significantly based on loan structure, borrower screening, and customer support practices. While some segments of the bad credit market experience default rates exceeding 40%, responsible lenders like GreendayOnline report significantly lower default rates through careful underwriting and customer support for personal loans.

    Some urgent bad credit loans are structured with balloon payments or compressed repayment schedules that can challenge borrowers’ ability to repay “guaranteed approval loans” successfully. GreendayOnline addresses this by offering flexible repayment structures designed to work with borrowers’ actual financial situations.

    Critical Factors Contributing to Loan Success in Online Loans for Bad Credit:

    • Appropriate loan sizing – Matching for example $255 payday loans online same day amounts to realistic repayment capacity
    • Income-aligned payment schedules for no credit check loan lender products
    • Transparent communication about all payday loans online and

    Consumer advocates note that sustainable lending practices benefit both borrowers and lenders over time in the bad credit loans online marketplace. When borrowers successfully repay installment loans without experiencing financial strain, they’re more likely to become repeat customers and recommend services to others. GreendayOnline has built its business model around this principle with focusing on long-term customer relationships rather than short-term transaction volume.

    The industry continues evolving toward more sophisticated underwriting models that consider factors beyond traditional credit scores for emergency loans for bad credit. This evolution benefits consumers seeking bad credit personal loans up to $5,000 by enabling lenders to make more accurate assessments of repayment ability while expanding access to credit.

    Chapter 4: Hidden Costs and Buried Terms That Destroy Bad Credit Borrowers

    Transparency in pricing represents one of the most significant differentiators among lenders offering quick loans for bad credit. Industry practices vary widely, with some lenders disclosing all costs upfront while others reveal additional fees only during the final stages of the loans no credit check application process.

    Common Fee Categories in No Credit Check Loans Guaranteed Approval:

    • Origination fees – Processing charges for small loans
    • Administrative costs – Account setup fees
    • Processing charges – Application review costs
    • Late payment penalties – Additional costs for missed hardship loans for bad credit payments
    • Prepayment charges – Early repayment fees for payday loans(where applicable)
    • Document fees – Charges for loan agreement preparation
    • Funding fees – Costs associated with bad credit loan disbursement

    GreendayOnline maintains a policy of full fee disclosure before borrowers commit to any payday loan agreement, ensuring no surprises during the funding process. The company’s transparent approach helps borrowers accurately compare options when researching from multiple sources.

    The complexity of loan documents can sometimes obscure true borrowing costs. While regulatory requirements mandate certain disclosures, the presentation and timing of this information can vary significantly between lenders offering best instant approval.

    For consumers comparing multiple direct payday lenders, creating a standardized comparison becomes essential. Industry experts recommend focusing on the APR as the most comprehensive measure of same day emergency loans cost, as it incorporates both interest rates and fees into a single, annualized figure for instant loans online guaranteed approval products.

    Chapter 5: The Bad Credit Debt Trap – Rollover Loans and Endless Fee Cycles

    The topic of loan renewals and extensions generates significant discussion with the best online payday loans. Some states have implemented regulations limiting the number of times borrowers can renew or extend certain types of online loans with no credit check, while others allow more flexibility.

    GreendayOnline approaches loan extensions in the bad credit loan space with a focus on borrower benefit rather than fee generation. When customers face temporary difficulties meeting their original loan repayment schedule, the company works to find solutions that avoid additional financial strain while fulfilling obligations.

    Strategic Approach to Loan Extensions for No Credit Check Loans:

    • Root cause analysis – Understanding why payment difficulties arose with the urgent loan with bad credit
    • Alternative solution exploration beyond simple term extension for bad credit loans guaranteed approval
    • Complete fee transparency for any personal loan modifications
    • Realistic payment plan development based on actual borrower circumstances

    Industry best practices suggest that loan renewals should address underlying financial challenges rather than simply postponing payment obligation.

    This approach requires lenders to invest in customer service and financial counseling capabilities beyond basic transaction processing

    For borrowers understanding renewal policies becomes particularly important. Some lenders structure their no credit check loans products specifically to generate renewal fees, while others, like GreendayOnline, design their loans for people with bad credit to minimize the need for extensions through appropriate initial term selection.

    Chapter 6: When Bad Credit Loans Turn Criminal – Illegal Collection Tactics

    Debt collection practices in the bad credit installment loan  industry operate under strict federal and state regulations designed to protect consumer rights. The Fair Debt Collection Practices Act (FDCPA) and state-specific regulations establish clear boundaries for legitimate collection activities in the loans with no credit check space.

    GreendayOnline emphasizes respectful, helpful communication throughout the entire customer relationship for emergency loans, including any necessary collection conversations. Their approach focuses on problem-solving and payment plan development rather than aggressive collection tactics for poor credit loans of up to $5000

    Essential Consumer Rights in Debt Collection for Quick loans for Bad Credit:

    • Debt verification rights – Requesting written confirmation of details
    • Communication restrictions – Limits on when collectors can contact borrowers
    • Dispute procedures for challenging incorrect small loan claims
    • Privacy protections regarding credit information sharing

    Consumers should understand that legitimate lenders cannot threaten criminal prosecution for unpaid loans, as these represent civil debts rather than criminal matters. While some states maintain criminal penalties for writing bad checks, these laws typically require proof of intent to defraud, which doesn’t apply to good-faith hardship loans for bad credit arrangements.

    The distinction between criminal and civil debt matters becomes particularly important for borrowers seeking payday loans or similar short-term products. Legitimate lenders like GreendayOnline ensure their collection practices comply with all applicable regulations while maintaining respectful customer relationships

    Chapter 7: Guaranteed Approval Scams That Specifically Target Bad Credit Customers

    The growth of online lending has created opportunities for both legitimate businesses and fraudulent operators. Consumers researching no denial installment loans direct lenders only benefit from understanding key indicators that distinguish reputable lenders from potential scams.

    Legitimacy Indicators for Loans for People with Poor Credit:

    • Valid state licensing for best online loans instant approval operations
    • Transparent physical addresses and accessible customer service for instant payday loans online guaranteed approval
    • Upfront cost disclosure for all no denial payday loans direct lenders only no credit check products
    • Standard application procedures rather than unusual upfront payments

    Critical Warning Signs in Same Day Emergency Loans Marketing:

    • Upfront fee demands before instant loans online guaranteed approval or funding
    • Artificial urgency creation to prevent careful consideration of best online payday loans terms
    • Vague cost information about online loans no credit check products
    • Universal approval promises regardless of financial circumstances for easy loans for bad credit

    GreendayOnline addresses these concerns by maintaining transparent communication throughout the loans for bad credit application process and providing comprehensive information about personal loans for bad credit terms before requiring any commitment from borrowers seeking no credit check loans.

    Verification of lender credentials provides another layer of consumer protection. State banking departments and attorney general offices often maintain databases of licensed lenders and known fraudulent operators in the bad credit loans guaranteed approval space.

    Chapter 8: Red Flags Every Bad Credit Borrower Must Recognize Before Applying

    Educated consumers make better borrowing decisions across all credit categories, including personal loans for bad credit guaranteed approval products. Understanding common warning signs and protection strategies helps borrowers avoid problematic lending relationships before they begin in the loans with bad credit marketplace.

    Critical Warning Signs for Online Loans for Bad Credit:

    • No creditworthiness evaluation – Lenders who don’t assess ability to repay $255 payday loans online same day
    • Asset requirement demands – Requiring access to bank accounts for no credit check loans guaranteed approval direct lender products
    • Documentation refusal – Unwillingness to provide written agreements for loans for people with bad credit
    • Unrealistic marketing claims – Guarantees that seem too good to be true for payday loans online same day

    Consumer Protection Strategies for Bad Credit Loans Online:

    • Thorough lender research with state regulators for installment loans for bad credit
    • Comprehensive cost comparison across multiple loans with no credit check options
    • Complete document retention for all emergency loans for bad credit communications
    • Alternative exploration of all available bad credit personal loans guaranteed approval $5,000 options

    GreendayOnline addresses these concerns through comprehensive application processes and clear documentation practices for quick loans, ensuring borrowers have adequate information and time to make informed decisions about their no credit check loan needs.

    Consumers should also be cautious of marketing that seems too good to be true, such as universal approval claims for “no credit check loans guaranteed approval” regardless of financial circumstances. Responsible lenders like GreendayOnline evaluate each application individually while maintaining realistic approval standards for small loans for bad credit.

    Chapter 9: GreendayOnline’s Promise to Bad Credit Customers – Real Help, Not Exploitation

    GreendayOnline has built its reputation on providing genuine transparency in the best loans for bad credit space. Unlike some competitors who reveal important terms only after application submission, GreendayOnline provides comprehensive cost information and loan terms upfront for loans for bad credit online, allowing consumers to make informed decisions before committing to the application process.

    GreendayOnline’s Transparency Commitments for Hardship Loans for Bad Credit:

    • Complete upfront cost disclosure for all payday loans no credit check products
    • Plain-language term explanations for loans bad credit guaranteed approval
    • Realistic approval standards rather than false payday loans for bad credit guarantees
    • Comprehensive lifecycle support for no denial installment loans direct lenders only

    The company’s approach to loans for people with poor credit reflects their commitment to realistic underwriting standards. Rather than promising universal approval for best online loans instant approval, GreendayOnline evaluates each application based on the borrower’s actual ability to repay, resulting in higher success rates for approved instant payday loans online guaranteed approval borrowers.

    Customer service represents a core differentiator for GreendayOnline in the competitive landscape of no denial payday loans direct lenders only no credit check. The company maintains accessible customer support throughout the entire loan lifecycle, from initial inquiry through final payment, ensuring borrowers have access to assistance when needed for same day emergency loans.

    GreendayOnline’s technology platform streamlines the application and approval process while maintaining security and privacy standards that protect customer information for instant loans online guaranteed approval. This approach enables quick processing of best online payday loans requests while safeguarding sensitive financial data.

    Chapter 10: The GreendayOnline Difference – The Right Way to Serve Bad Credit Borrowers

    Modern lending technology enables better customer experiences while improving risk assessment and customer service capabilities for online loans no credit check. GreendayOnline leverages advanced systems to provide fast processing of easy loans for bad credit applications while maintaining thorough evaluation of each borrower’s situation.

    Technology Benefits in Modern Loans for Bad Credit:

    • Rapid automated processing for personal loans for bad credit applications
    • Bank-level security protection for sensitive no credit check loans information
    • Mobile-optimized accessibility for urgent loans for bad credit applications
    • Real-time status updates throughout the bad credit loans guaranteed approval process
    • Integrated customer support for personal loans for bad credit guaranteed approval management
    • Secure document storage for all loans with bad credit agreements
    • 24/7 account access for online loans for bad credit customers

    Automated underwriting systems can process applications for $255 payday loans online on the same day within minutes, but GreendayOnline combines automation with human oversight to ensure appropriate lending decisions. This hybrid approach provides speed while maintaining the flexibility to consider unique customer circumstances for no credit check loans guaranteed approval direct lender products.

    Mobile accessibility has become essential for consumers seeking loans for people with bad credit options. GreendayOnline’s mobile-optimized platform enables customers to apply, monitor applications, manage accounts, and access customer support from any device with internet connectivity for payday loans online same day needs.

    Innovation in the bad credit loans online industry continues focusing on improving customer outcomes rather than simply increasing transaction volume. GreendayOnline participates in industry developments that enhance borrower success rates and overall customer satisfaction with the installment loans for bad credit experience.

    Chapter 11: Breaking the Cycle – GreendayOnline’s Hope for Bad Credit Borrowers in 2025

    The ultimate goal of responsible alternative lending extends beyond individual transactions to supporting borrowers’ long-term financial stability in the loans with no credit check space. GreendayOnline recognizes that successful lending relationships contribute to customer financial resilience rather than creating additional challenges for emergency loans for bad credit borrowers.

    Components of Financial Resilience Support for Bad Credit Personal Loans Guaranteed Approval $5,000:

    • Educational resources about money management and credit building for quick loans for bad credit borrowers
    • Flexible loan structures designed to work with loans no credit check borrower circumstances
    • Ongoing customer support beyond initial no credit check loans guaranteed approval transactions

    Education and financial literacy support represent key components of effective lending relationships in the small loans for bad credit market. While immediate funding addresses urgent financial needs, helping borrowers understand money management and credit building creates lasting value. GreendayOnline provides educational resources alongside best loans for bad credit services to support customer financial development.

    Community impact considerations influence responsible lending practices across the loans for bad credit online industry. When lenders like GreendayOnline operate transparently and ethically, they contribute to positive economic outcomes in the communities they serve, creating sustainable business models that benefit all stakeholders in the hardship loans for bad credit space.

    The future of alternative lending depends on demonstrating genuine value to consumers and communities seeking payday loans no credit check options. GreendayOnline’s approach focuses on building long-term customer relationships based on trust, transparency, and mutual benefit rather than short-term profit maximization in the loans bad credit guaranteed approval marketplace.

    Chapter 12: Final Thoughts & Contact Information – GreendayOnline’s Long-Term Commitment

    GreendayOnline maintains its commitment to serving consumers seeking reliable access to credit, regardless of their credit history or current financial circumstances in the payday loans for bad credit space. The company’s customer-first approach continues evolving to meet changing consumer needs while maintaining the highest standards of ethical lending practices for no denial installment loans direct lenders only.

    Available Resources and Support for Loans for People with Poor Credit:

    • Website information with detailed explanations on the company’s official website.
    • 24/7 customer service for best online loans instant approval support
    • Educational materials covering financial literacy for instant payday loans online guaranteed approval borrowers
    • Transparent application process for no denial payday loans direct lenders only no credit check products
    • Secure account management for same day emergency loans customers

    Consumers interested in learning more about GreendayOnline’s instant loans online guaranteed approval services can visit https://greendayonline.com/ for comprehensive information about available loan products, application processes, and customer support resources. The company’s website provides detailed explanations of all best online payday loans terms and costs before requiring any personal information or commitment from potential borrowers.

    Customer support remains available throughout the borrowing relationship and beyond for online loans no credit check customers, reflecting GreendayOnline’s belief that lending relationships should support customer success rather than creating additional financial stress. The company’s support team helps customers solve challenges that arise during the application or repayment process for easy loans for bad credit.

    GreendayOnline encourages consumers to compare lending options carefully and choose providers that demonstrate genuine commitment to customer success and transparent business practices in the loans for bad credit marketplace. The alternative lending industry serves an important role in providing financial access, and responsible lenders help ensure this access benefits consumers and communities seeking personal loans for bad credit solutions.

    About GreendayOnline

    GreendayOnline provides transparent, customer-focused lending services for consumers across the credit spectrum, specializing in no credit check loans and urgent loans for bad credit. The company’s commitment to ethical lending practices and customer education has established it as a trusted resource in the bad credit loans guaranteed approval industry. For more information about personal loans for bad credit guaranteed approval options, visit greendayonline.com.

    Compliance Statement:
     All GreendayOnline loan products are subject to credit approval and state regulations. Loan terms, rates, and availability vary by state and individual creditworthiness. Borrowers should carefully review all loan terms before accepting any loan offer and should borrow responsibly based on their ability to repay.

    The MIL Network –

  • MIL-OSI: Wall Street Shiba Raises $500,000 in 72 Hours, Launches STIBA ICM Labs to Power the Next Era of MemeFi

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 25, 2025 (GLOBE NEWSWIRE) — Wall Street Shiba ($STIBA), a next-generation memecoin bridging AI, DeFi, and Internet Capital Markets, has successfully raised $500,000 within 72 hours of its presale launch. The project introduces a novel approach to MemeFi by combining real-world utility, institutional-grade partnerships, and advanced anti-exploit technologies.

    Backed by World Liberty Financial (WLFI), a global financial group known for supporting high-impact projects, $STIBA aims to create a sustainable and credible memecoin ecosystem. The initiative is further strengthened by the introduction of STIBA ICM Labs, a smart launchpad enabling secure token creation.

    Introducing STIBA ICM Labs
    At the core of the ecosystem is STIBA ICM Labs — a secure token generation platform with built-in safety protocols, including:

    • Hyper Anti-Rug Protection – Liquidity auto-migrated to Uniswap post-bonding curve to prevent rug pulls
    • Sniper Bot Blacklisting – Automatically blocks 80% of bots at launch
    • Sell-Limit Controls – Top holders restricted from dumping more than 30% in a single transaction
    • DAO Governance – Tokens created via ICM Labs include on-chain governance structures
    • Launch Incentives – Eligible creators receive 0.02 ETH, 5,000 $STIBA, and trading fee bonuses

    Note: All features are currently undergoing experimental testing and may evolve over time.

    Tokenomics Overview

    • Total Supply: 10 billion $STIBA
    • Presale: 25%
    • Liquidity Pool: 15%
    • Staking & Rewards: 15%
    • Marketing & Growth: 15%
    • Airdrop: 10%
    • Project Development: 20%

    Roadmap Highlights

    • Phase 1: Presale & Community Building
    • Phase 2: ICM Labs Rollout
    • Phase 3: Centralized Exchange Listings + DAO Governance
    • Phase 4: MemeFi Ecosystem Partnerships & Cross-chain Expansion
    • Phase 5: Global USD1 Payment Integration

    About Wall Street Shiba

    Wall Street Shiba ($STIBA) is the first MemeFi project designed to bridge internet culture, decentralized finance, and institutional-grade financial backing. With support from World Liberty Financial, it aims to empower creators and traders through utility-driven innovation and secure blockchain infrastructure.

    For more information, visit: https://wallstreetshiba.com
    Follow on X: https://x.com/shibawallstreet

    Media Contact:

    Wall Street Shiba Team
    Email: contact@wallstreetshiba.com

    Disclaimer: This press release is provided by the “Wall Street Shiba ($STIBA)”. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6be7c55c-743d-47e0-b030-573c1eae6463

    The MIL Network –

  • MIL-OSI USA: Rep. Eric Burlison Reintroduces Freights First Act to Strengthen America’s Supply Chain

    Source: United States House of Representatives – Representative Eric Burlison (R-Missouri 7th District)

    Washington, D.C. – Congressman Eric Burlison (MO-07) reintroduced the Freights First Act, legislation to reduce rail congestion near critical supply-chain hubs by prioritizing freight movement over passenger service within key logistics corridors.

    Currently, under federal law (49 U.S.C. § 24308(c)), Amtrak enjoys statutory preference over freight railroads on shared tracks. This rule often creates unnecessary bottlenecks near ports and major rail yards.

    “The backbone of America’s economy is a strong and reliable supply chain,” said Congressman Burlison. “When freight rail is forced to wait for passenger trains near critical infrastructure, our entire economy suffers. My Freights First Act removes this barrier and ensures goods arrive on time and without costly delays.”

    Specifically, the Freights First Act:

    • Eliminates Amtrak’s track preference within 50 miles of a port or rail yard to prevent congestion and keep freight moving efficiently.
    • Improves supply chain resilience by prioritizing freight over passenger service in the areas where the movement of goods is most critical.

    The Freights First Act puts America’s economy first by clearing bottlenecks, strengthening the supply chain, and ensuring goods move at the speed of commerce.

    MIL OSI USA News –

  • MIL-OSI United Nations: Activities of Secretary-General in Brazil, 5-9 July

    Source: United Nations General Assembly and Security Council

    The United Nations Secretary-General, António Guterres, arrived in Rio de Janeiro, Brazil, on Saturday evening, 5 July, to attend the Seventeenth Summit of the BRICS [Brazil, Russian Federation, India and China] countries.

    On Sunday afternoon, 6 July, after being welcomed by Luiz Inacio Lula da Silva, the President of Brazil, the Secretary-General addressed an outreach session on “Strengthening multilateralism, economic-financial affairs and artificial intelligence”.  He highlighted that artificial intelligence (AI) is reshaping economies and societies, and that the fundamental test is how wisely we guide this transformation.

    The Secretary-General also emphasized that AI cannot be a club of the few, but must benefit all, and in particular developing countries, which must have a real voice in the governance of artificial intelligence.

    In the evening, the Secretary-General attended an official cocktail on the occasion of the BRICS Leader’s Summit, hosted by the President of Brazil, Luiz Inacio Lula da Silva and Janja Lula da Silva.

    On Monday morning, 7 July, soon after his arrival at the 17th Summit of the BRICS venue, the Secretary-General took part in the family photo. He then addressed an outreach session on “Environment, COP30 [Thirtieth Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change] and global health”, warning that our environment is being attacked on all fronts.  Mr. Guterres pointed out that across the world, lives and livelihoods are being ripped apart, and sustainable development gains left in tatters as disasters accelerate.

    The Secretary-General noted that the most vulnerable and the poorer pay the highest price and stressed that we need to tackle the point where climate and health meet.  He also emphasized that we need Governments to build on the progress of last year’s biodiversity COP, particularly reaching an ambitious agreement on finance, adding that we need to make COP30 a success.

    In the afternoon, in a bilateral meeting on the margins of the BRICS Summit, the Secretary-General and the Minister for Foreign Affairs of Iran, Seyed Abbas Araghchi, discussed the situation in the Middle East.  The Secretary-General noted the importance of the consolidation of the ceasefire to lay the groundwork for the resumption of negotiations.

    Immediately after, the Secretary-General held a bilateral meeting with the Minister for Foreign Affairs of the Republic of Türkiye, Hakan Fidan.  The Secretary-General and the Minister discussed the strong partnership between the United Nations and Türkiye.  They also exchanged views on the war in Ukraine, the situation in the Middle East and the next round of meetings on Cyprus.

    Also in the afternoon, the Secretary-General met Sergio Diaz-Granados, the Executive President of the Development Bank of Latin America and the Caribbean.

    On Tuesday morning, 8 July, the Secretary-General met with the Premier of the State Council of China, Li Qiang.  They discussed cooperation between the United Nations and China, sustainable development, climate change and financing.

    The Secretary-General commended China for its commitment to multilateralism and thanked China for its valuable contribution to the United Nations and its activities.

    The Secretary-General departed Rio de Janeiro in the afternoon of Tuesday, 8 July.

    MIL OSI United Nations News –

  • MIL-OSI Africa: Northern Cape a province making strides

    Source: Government of South Africa

    President Cyril Ramaphosa has declared the Northern Cape a province “on the move”. following a Presidential engagement between national and provincial leaders in Kimberley on Friday.

    The President spoke to the media following the engagement which was held at the province’s Sol Plaatje University.

    The President was accompanied by various Minster, Deputy Ministers and senior government officials. 

    “We were very impressed with the presentation that they gave us and the vision that they have for the Northern Cape, [and] various projects, which they are hoping would turn around the economy of the province — from Boetgooebaa,i which is the port, water projects, roads and a whole number of projects. 

    “This is the province that’s on the move. And… as you know, when it comes to renewable energy, it is the one province that has attracted more investment,” he said.

    President Ramaphosa said the province is seen as a future leader of industrialisation and manufacturing.

    “We’re looking at setting up an SEZ and making sure that manufacturing does come here which will be underpinned by the natural resources that the province has.

    “The [irradiation] in this province are second to none in the world and that is why we’ve been able to attract so many investments to come to this province,” he said.

    In a statement, the Presidency explained the key issues discussed at the engagement with the Northern Cape’s executive.

    “The meeting discussed the ongoing roll out of catalytic economic development projects that require the deepening of cooperation between the national and provincial governments.

    “These include the Boegoebaai Harbor and SEZ development, revitalisation and expansion of Vaalharts, Namakwa SEZ and the development of the infrastructure masterplan. The meeting further affirmed closer cooperation on issues of climate change mitigation considering the province’s vulnerability to erratic weather conditions.

    “The national executive pledged to continue working closely with the province in areas of Transport and Logistics, Basic Education, Water and Sanitation infrastructure development, Human Settlements, Tourism and Energy and Electricity,” the statement read.

    The engagement with the Northern Cape’s provincial government is the sixth such following meetings with executive councils of Limpopo, Mpumalanga, KwaZulu-Natal, Gauteng and the Eastern Cape.

    According to the Presidency, the sessions have resulted in “strengthening cooperative governance, breaking down silos and cooperative project planning that leads to collaborative execution”.

    “As President Ramaphosa said during the Budget Debate last week, when the three spheres of government work together, the lives of the people of South Africa are improved.

    “The President emphasised the importance of structured engagements between the national and provincial executives that assist government coordinate more efficiently, resolve challenges together and to plan smarter.

    “The meetings are also meant to facilitate innovative ideas and proposals to address service delivery and skills challenges,” the statement read. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Security: Former East Bay Financial Advisor Charged with Allegedly Operating Long-Running $9.5 Million Ponzi Scheme

    Source: US FBI

    OAKLAND – A federal grand jury indicted Edwin Emmett Lickiss, Jr., on one count of wire fraud and one count of money laundering in connection with an alleged $9.5 million investment fraud scheme.  

    According to the indictment filed on July 17, 2025, and unsealed today, between 1998 and September 2024, Lickiss, 77, was a financial advisor based in Danville and Alamo, Calif., who owned and operated Foundation Financial Group, a firm that provided investment services to investors in the Northern District of California, Idaho, and throughout the United States.  Lickiss was a registered broker until 2014, when the Financial Industry Regulatory Authority suspended his broker’s license.  Despite the suspension and loss of his broker’s license, Lickiss allegedly continued to solicit and obtain investments from victim investors until around September 2024.  

    The indictment alleges that as part of his scheme, Lickiss falsely represented to investors that he would invest their funds in government bonds and other bonds.  To induce his victims to invest their money with him, Lickiss claimed he had exclusive access to fictitious bonds that paid very high rates of returns, including rates in excess of 20 percent.  Lickiss described the fictitious bonds as safe, secure, and tax-free, and falsely claimed, among other things, that they could be redeemed at any time.  

    In order to convince investors that he had invested their funds as promised, Lickiss allegedly gave fraudulent promissory notes that included the terms of the fake bond investments and purported to track investors’ total investment in the fake bonds.  Lickiss also occasionally made lulling payments to victim investors, falsely describing the payments as interest that had accrued on the nonexistent bonds, when, in fact, the payments were made with funds Lickiss fraudulently obtained from subsequent victim investors.  In addition to making the foregoing misrepresentations, Lickiss allegedly failed to disclose to victim investors that he had been suspended in 2014 from association with any broker-dealer and that he subsequently lost his broker’s license in 2016.

    Instead of investing the funds as promised, Lickiss allegedly used victim investors’ funds to pay earlier investors, in the manner of a Ponzi scheme, and for his personal use, including cash withdrawals, home renovations, travel, and car, mortgage, and personal credit card payments.  In all, Lickiss allegedly obtained at least $9.5 million from no fewer than 50 victim investors.  

    United States Attorney Craig H. Missakian, FBI Special Agent in Charge Sanjay Virmani, and IRS Criminal Investigation (IRS-CI) Oakland Field Office Special Agent in Charge Linda Nguyen made the announcement.

    Lickiss is scheduled to make his initial appearance on July 22, 2025, at 10:30 a.m., before U.S. Magistrate Judge Nathanael Cousins in Courtroom F in San Francisco.

    An indictment merely alleges that crimes have been committed, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.  Defendant faces a maximum statutory sentence of 20 years in prison and a $250,000 fine on the wire fraud count, and 10 years in prison and a $250,000 fine on the money laundering count.  Any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

    The U.S. Securities and Exchange Commission has also filed a civil enforcement action against Lickiss in the Northern District of California.  

    Assistant U.S. Attorneys Ryan Arash Rezaei and Benjamin J. Wolinsky are prosecuting the case with the assistance of Lynette Dixon.  The prosecution is the result of an investigation by the FBI and IRS-CI.  The U.S. Attorney’s Office thanks the Atlanta Regional Office of the SEC for its assistance in the investigation.

    Lickiss Indictment
     

    MIL Security OSI –

  • MIL-OSI: BitMart and Altrady Announce New Partnership for Enhanced Trading

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 25, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, is thrilled to announce its strategic integration with Altrady, a powerful cryptocurrency trading platform designed to streamline trading across multiple exchanges. This collaboration empowers BitMart users to connect their BitMart Futures accounts to Altrady, offering advanced trading tools, seamless portfolio management, and enhanced efficiency for traders of all levels.

    The integration allows BitMart users to fully leverage Altrady’s powerful trading suite, including portfolio management, real-time market data, advanced order types, automated trading bots, and intelligent market scanners like the Crypto Base Scanner and Quick Scanner. Users can also take advantage of Altrady’s Backtesting feature to simulate and refine trading strategies based on historical data, ensuring better decision-making. With Altrady’s user-friendly interface and BitMart’s robust trading infrastructure, users can now manage their futures trading with greater precision and flexibility, all from a single platform.

    “We are excited to partner with Altrady to provide our users with a more streamlined and powerful trading experience,” said Victor Wei, Vice President of Institutional Clients at BitMart. “This integration aligns with our mission to deliver innovative, user-centric solutions that empower traders worldwide. By combining BitMart’s extensive trading pairs and liquidity with Altrady’s advanced tools, we’re setting a new standard for crypto trading efficiency.”

    Altrady’s platform simplifies the trading process by offering two connection methods for BitMart Futures accounts: Fast Connect for quick, automated setup and Manual Connection for users preferring a hands-on approach. This flexibility ensures that both novice and experienced traders can easily integrate their BitMart accounts and start trading with minimal setup time. The integration also supports Altrady’s IP whitelisting, ensuring secure and reliable connectivity.

    “This collaboration with BitMart is an exciting opportunity for Altrady,” said Catalin Boruga, CMO of Altrady. “Our platform is designed to simplify and enhance the trading experience, and this partnership allows BitMart users to access our cutting-edge tools, from automated trading bots to real-time market insights, while benefiting from a secure trading ecosystem.”

    Exclusive BitMart x Altrady Campaign – Limited Time Only!

    To celebrate this partnership, BitMart and Altrady are offering:

    • New User Deposit Bonus: 20% rebate on first deposit (up to 30 USDT) for new users placing at least one order via Altrady.
    • Trading Volume Challenge: Earn bonuses trading Futures via Altrady—20 USDT (≥50,000 USDT), 30 USDT (≥125,000 USDT), 50 USDT (≥300,000 USDT), 80 USDT (≥500,000 USDT), 100 USDT (≥1,000,000 USDT).
    • Webinar Giveaway: Free Altrady subscriptions and USDT rewards for webinar attendees.

    Details at: https://www.bitmart.com/activity/BitMartxAltrady_Exclusive.

    With over 10 million users across 200+ countries and more than 1,700 trading pairs, BitMart continues to solidify its position as a global leader in the crypto exchange space. This integration with Altrady further enhances BitMart’s offerings, providing users with unparalleled access to advanced trading strategies and portfolio management tools.

    For more information on how to connect a BitMart Futures account to Altrady, visit support.altrady.com. To explore BitMart’s full range of trading services, visit www.bitmart.com.

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    About Altrady

    Altrady is a leading cryptocurrency trading platform that simplifies trading across multiple exchanges through a single, intuitive interface. Offering tools like real-time market data, trading bots, portfolio management, and advanced market scanners, Altrady empowers traders to make informed decisions and execute strategies efficiently. Available on desktop and mobile, Altrady is designed for traders of all experience levels.

    Disclaimer:

    Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network –

  • MIL-OSI: Federal Home Loan Bank of Des Moines Announces Second Quarter 2025 Financial Results, Declares Dividend

    Source: GlobeNewswire (MIL-OSI)

    DES MOINES, Iowa, July 25, 2025 (GLOBE NEWSWIRE) —

    Second Quarter 2025 Highlights

    • Net income of $194 million
    • Affordable Housing Program (AHP) assessments of $21 million
    • Voluntary community and housing contributions of $43 million
    • Advances totaled $114.8 billion
    • Mortgage loans held for portfolio, net totaled $13.2 billion
    • Letters of credit totaled $17.7 billion
    • Retained earnings totaled $3.6 billion

    Dividend

    The Board of Directors approved a second quarter 2025 dividend to be paid at an annualized rate of 9.75% on average activity-based stock and 6.00% on average membership stock, unchanged from the prior quarter. The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $145 million on August 12, 2025.

    Liquidity Mission

    The Bank provides liquidity to its members to support the housing, business, and economic development needs of their communities. Members pledge mortgage loans and other collateral to access the Bank’s core liquidity products of advances, letters of credit, and purchased mortgage loans under the Mortgage Partnership Finance® Program. During the six months ended June 30, 2025, advance balances averaged $104.0 billion, letters of credit averaged $19.2 billion, purchased mortgage loan balances averaged $12.4 billion, and the Bank held an average of $27.7 billion of short-term assets as a ready source of liquidity for its members.

    Affordable Housing and Community Impact

    The Bank’s housing and community development programs are central to its mission. The Bank contributes 10% of its net income each year to its AHP, a grant program that supports the creation, preservation, or purchase of affordable housing. This program includes a competitive AHP and two down payment assistance products called Home$tart and the Native American Homeownership Initiative. During the three and six months ended June 30, 2025, the Bank accrued statutory AHP assessments of $21 million and $44 million and voluntarily accrued $5 million and $6 million, to be awarded in 2026 through this program.
    In addition to its AHP, the Bank offers its members voluntary programs to further its housing mission. During the three and six months ended June 30, 2025, the Bank recorded a total of $43 million and $55 million in voluntary community and housing contributions, including the voluntary AHP contribution. Through its voluntary programs in 2025, the Bank:

    • provided $20 million in 0% rate advances to members that originated or purchased mortgage loans from a Habitat for Humanity® affiliate and recorded $4 million in subsidy expense;
    • funded $232 million of home mortgages with an interest rate lower than the current market rate under the Mortgage Rate Relief program, which provided $19 million in grants, including $18 million during the second quarter, to those seeking affordable homeownership; and
    • recorded contributions of $26 million, including $20 million during the second quarter, to its Member Impact Fund to match member donations to local housing and community development organizations.

    Financial Results Discussion

    Net Income – For the three and six months ended June 30, 2025, the Bank recorded net income of $194 million and $399 million compared to $230 million and $504 million for the same periods in 2024.

    Net Interest Income – For the three and six months ended June 30, 2025, the Bank recorded net interest income of $289 million and $537 million, a decrease of $30 million and $131 million when compared to the same periods in 2024. The decrease was due to the yield on interest-earning assets declining at a quicker pace than the cost of interest-bearing liabilities driven primarily by changes in interest rates, which also reduced earnings on invested capital, and a decline in longer-term advances. The decline in net interest income was offset in part by mortgage loan and mortgage-backed security portfolio growth, as well as the call of higher-costing consolidated obligation bonds. In addition, during the three months ended June 30, 2025, the decline was offset by an increase in market value adjustments on the Bank’s fair value hedge relationships.

    Net Interest Spread and Margin – Net interest spread was 0.38 percent and 0.35 percent for the three and six months ended June 30, 2025, a decrease of 0.07 percent and 0.10 percent when compared to the same periods in 2024. Net interest margin was 0.64 percent and 0.61 percent for the three and six months ended June 30, 2025, a decrease of 0.11 percent and 0.13 percent when compared to the same periods in 2024. The declines in net interest spread and margin were driven by the decrease in net interest income discussed above. The Bank’s cost of funds does not include net interest settlements on economic hedges, which are recorded in other income (loss). As a result, net interest spread and margin do not reflect the full impact of the Bank’s funding and hedging strategies and may experience volatility as interest rates change.

    Other Income (Loss) – For the three and six months ended June 30, 2025, the Bank recorded other income of $16 million and $57 million, an increase of $25 million and $62 million when compared to the same periods in 2024, primarily due to the net changes in fair value on the Bank’s trading securities, fair value option instruments, and economic derivatives.

    Other Expense – For the three and six months ended June 30, 2025, the Bank recorded other expense of $90 million and $151 million, an increase of $35 million and $46 million when compared to the same periods in 2024, primarily driven by an increase in voluntary community and housing contributions.

    Assets – The Bank’s total assets increased to $190.0 billion at June 30, 2025, from $165.3 billion at December 31, 2024, driven primarily by an increase in advances and investments. Advances increased $14.9 billion due mainly to an increase in borrowings by large depository institution members and insurance companies. Investments increased $9.3 billion due in part to an increase in short-term investments, mainly federal funds sold and securities purchased under agreements to resell, as well as the purchase of agency mortgage-backed securities and U.S. Treasury obligations.

    Capital – Total capital increased to $10.2 billion at June 30, 2025, from $9.5 billion at December 31, 2024, primarily due to an increase in activity-based capital stock resulting from an increase in advance balances.

     
    Federal Home Loan Bank of Des Moines
    Financial Highlights
    (preliminary and unaudited)
    Dollars in millions
    Selected Balance Sheet Items June 30,
    2025    		   December 31,
    2024
    Advances $ 114,845     $ 99,951  
    Investments   61,353       52,032  
    Mortgage loans held for portfolio, net   13,197       11,896  
    Total assets   190,022       165,253  
    Consolidated obligations   176,770       153,251  
    Capital stock – Class B putable   6,660       5,989  
    Retained earnings   3,617       3,491  
    Total capital   10,225       9,451  
    Total regulatory capital1   10,311       9,489  
    Regulatory capital ratio   5.43 %     5.74 %

    1  Total regulatory capital includes capital stock, mandatorily redeemable capital stock, and retained earnings. The regulatory capital ratio is calculated as regulatory capital as a percentage of period end assets.

      For the Three Months Ended   For the Six Months Ended
      June 30,   June 30,
    Operating Results   2025       2024       2025       2024  
    Net interest income $ 289     $ 319     $ 537     $ 668  
    Provision (reversal) for credit losses on mortgage loans   —       (1 )     —       (2 )
    Other income (loss)   16       (9 )     57       (5 )
    Other expense   90       55       151       105  
    Affordable Housing Program assessments   21       26       44       56  
    Net income $ 194     $ 230     $ 399     $ 504  
    Performance Ratios              
    Net interest spread   0.38 %     0.45 %     0.35 %     0.45 %
    Net interest margin   0.64       0.75       0.61       0.74  
    Return on average equity (annualized)   7.86       9.57       8.20       10.47  
    Return on average assets (annualized)   0.42       0.53       0.45       0.55  

    The financial results reported in this earnings release for the second quarter of 2025 are preliminary until the Bank announces unaudited financial results in its Second Quarter 2025 Form 10-Q filed with the Securities and Exchange Commission, expected to be available next month at www.fhlbdm.com and www.sec.gov.

    The Bank is a member-owned cooperative whose mission is to be a reliable provider of funding, liquidity, and services for its members so that they can meet the housing, business, and economic development needs of the communities they serve. The Bank is wholly owned by nearly 1,250 members, including commercial banks, savings institutions, credit unions, insurance companies, and community development financial institutions. The Bank serves Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming, and the U.S. Pacific territories of American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The Bank is one of 11 regional banks that make up the Federal Home Loan Bank System.

    Statements contained in this announcement, including statements describing the objectives, projections, estimates, or future predictions in the Bank’s operations, may be forward-looking statements. These statements may be identified by the use of forward-looking terminology, such as believes, projects, expects, anticipates, estimates, intends, strategy, plan, could, should, may, and will or their negatives or other variations on these terms. By their nature, forward-looking statements involve risk or uncertainty, and actual results could differ materially from those expressed or implied or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. As a result, you are cautioned not to place undue reliance on such statements. A detailed discussion of the more important risks and uncertainties that could cause actual results and events to differ from such forward-looking statements can be found in the “Risk Factors” section of the Bank’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. These forward-looking statements apply only as of the date they are made, and the Bank undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact: Amber Pringnitz
    515.412.2306
    apringnitz@fhlbdm.com

    The MIL Network –

  • MIL-OSI USA: David Scott Demands SEC Accountability and Transparency for Massive Georgia Ponzi Scheme Operation

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    Read Letter PDF

    WASHINGTON D.C. – Today, Congressman David Scott (GA-13), a senior member of the House Financial Services Committee, sent a letter to Securities and Exchange Commission (SEC) Chair Paul Atkins demanding answers over the agency’s failure to detect the sprawling $140 million Ponzi scheme orchestrated by Georgia-based lender First Liberty Building and Loan. The letter calls for greater transparency and accountability following the SEC’s federal seizure of First Liberty.

    In his letter, Congressman David Scott sharply criticizes the SEC for its years-long inability to detect or stop the fraud, which impacted hundreds of investors in Georgia and over a thousand investors nationwide. Despite numerous red flags, such as fabricated loan pools, implausible investment returns, and aggressive social media marketing, the SEC waited until July 10, 2025, to act, by which point nearly 90% of First Liberty’s loan portfolio had already defaulted. The congressman calls the SEC’s oversight breakdown “a catastrophic collapse of federal supervision.”

    “This is not just a regulatory lapse, it is a total failure of oversight that enabled a $140 million Ponzi scheme to thrive in broad daylight,” said Congressman David Scott. “The worst hit investors are not millionaires or billionaires, they are retirees, faith leaders, and veterans who were failed by the SEC and Georgia state regulators. Many have lost their life savings, retirement security, and the very opportunity to financially support their families. The fact that this level of fraud went undetected for so long is completely unacceptable. The people of Georgia, especially those whose future was shattered by this scheme deserve accountability—not silence.”

    Congressman David Scott’s letter aims at uncovering the full extent of the SEC’s oversight failures and identifying a path forward for victims to be made whole. The letter also questions why the SEC and state regulators—including the Georgia Department of Banking and Finance—failed to coordinate efforts, despite reportedly receiving multiple red flags and investor complaints. It demands a full accounting of:

    • When and how the SEC first became aware of First Liberty’s operation and whether SEC examiners reviewed the firm’s activities prior to July 2025
    • Why the firm was allowed to continue issuing unregistered offerings without disclosure or allowed to operate without registering as a broker dealer
    • What structural failures exist in the SEC’s regional supervisory and whistleblower processes that led to this apparent regulatory breakdown
    • What specific steps are being taken to pursue asset recovery, including offshore accounts or properties purchased with stolen investor funds

    Additionally, Congressman Scott is requesting the SEC commit to a full and timely public report outlining how this massive Ponzi scheme operation was able to go on without detection. He has called for congressional hearings and a Government Accountability Office (GAO) investigation into whether loopholes in Regulation D and resource shortfalls at the SEC are enabling widespread abuse in private financial markets.

    Congressman Scott remains committed to ensuring every victim receives justice and that the inexcusable regulatory failures which allowed this fraud to occur are addressed swiftly and thoroughly.

    Read full letter HERE.

    ###

    MIL OSI USA News –

  • MIL-OSI: Bitget Wallet Joins Malaysia Blockchain Week as Web3 Gains Ground in the Multicultural Market

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, July 25, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, joined founders, builders, and investors at Malaysia Blockchain Week to explore the country’s growing role in shaping Southeast Asia’s Web3 future. With over 3,300 participants from 20 countries gathering in Kuala Lumpur, the event marked a high point in Malaysia’s ongoing effort to position itself as a nexus of blockchain innovation and financial inclusion.

    Bitget Wallet’s Head of Growth, Will Wu, spoke at two panels during the week, including a main stage discussion on community-building and the Web3 Infra Day, where he was joined by representatives from Aptos, Polkadot, and Manta Network. The conversation focused on simplifying fragmented blockchain experiences, improving interoperability, and designing tools that lower barriers to entry for everyday users. “In Malaysia, you see communities where crypto is not just investment — it’s part of how people save, send, and increasingly, spend,” Wu said. “The momentum here is being driven not just by capital, but by local builders creating products that reflect how people actually live and transact.”

    While Singapore often dominates the regional narrative, Malaysia is quietly building a complementary path — one rooted in grassroots adoption, multicultural participation, and a younger, mobile-first demographic. The country’s multi-ethnic population, spanning Malay, Chinese, Indian, and indigenous communities, offers a uniquely diverse testing ground for Web3 use cases that range from retail payments to creative economy tools.

    Bitget Wallet also joined Blockchain & AI Summit hosted by Pushpendra Singh as a supporting partner during the week. The summit drew over 300 builders for focused discussions on real-world adoption, decentralized identity, and the convergence of AI and Web3. Bitget Wallet’s involvement reflected its ongoing engagement with Southeast Asia’s grassroots developer and creator communities. In a setting that prioritized pragmatic use cases, the event reinforced a key theme of the week: Malaysia’s strength lies in its culturally rooted, multilingual builder ecosystem — one ready to localize blockchain for everyday use.

    Bitget Wallet’s participation underscored this shift from speculation to infrastructure. The wallet has leaned into utility-focused tools — from stablecoin payments to token discovery — that resonate with local behaviors. As Malaysia continues to carve out its place on the global Web3 map, its value may lie less in being the next crypto capital, and more in showing how diverse communities can make decentralized technology part of ordinary life.

    For more information, visit the Bitget Wallet official channels.

    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/7bbbc4fe-79ed-4819-bedd-8919feaff3df

    The MIL Network –

  • MIL-OSI: Bitget Wallet Joins Malaysia Blockchain Week as Web3 Gains Ground in the Multicultural Market

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, July 25, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, joined founders, builders, and investors at Malaysia Blockchain Week to explore the country’s growing role in shaping Southeast Asia’s Web3 future. With over 3,300 participants from 20 countries gathering in Kuala Lumpur, the event marked a high point in Malaysia’s ongoing effort to position itself as a nexus of blockchain innovation and financial inclusion.

    Bitget Wallet’s Head of Growth, Will Wu, spoke at two panels during the week, including a main stage discussion on community-building and the Web3 Infra Day, where he was joined by representatives from Aptos, Polkadot, and Manta Network. The conversation focused on simplifying fragmented blockchain experiences, improving interoperability, and designing tools that lower barriers to entry for everyday users. “In Malaysia, you see communities where crypto is not just investment — it’s part of how people save, send, and increasingly, spend,” Wu said. “The momentum here is being driven not just by capital, but by local builders creating products that reflect how people actually live and transact.”

    While Singapore often dominates the regional narrative, Malaysia is quietly building a complementary path — one rooted in grassroots adoption, multicultural participation, and a younger, mobile-first demographic. The country’s multi-ethnic population, spanning Malay, Chinese, Indian, and indigenous communities, offers a uniquely diverse testing ground for Web3 use cases that range from retail payments to creative economy tools.

    Bitget Wallet also joined Blockchain & AI Summit hosted by Pushpendra Singh as a supporting partner during the week. The summit drew over 300 builders for focused discussions on real-world adoption, decentralized identity, and the convergence of AI and Web3. Bitget Wallet’s involvement reflected its ongoing engagement with Southeast Asia’s grassroots developer and creator communities. In a setting that prioritized pragmatic use cases, the event reinforced a key theme of the week: Malaysia’s strength lies in its culturally rooted, multilingual builder ecosystem — one ready to localize blockchain for everyday use.

    Bitget Wallet’s participation underscored this shift from speculation to infrastructure. The wallet has leaned into utility-focused tools — from stablecoin payments to token discovery — that resonate with local behaviors. As Malaysia continues to carve out its place on the global Web3 map, its value may lie less in being the next crypto capital, and more in showing how diverse communities can make decentralized technology part of ordinary life.

    For more information, visit the Bitget Wallet official channels.

    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/7bbbc4fe-79ed-4819-bedd-8919feaff3df

    The MIL Network –

  • MIL-OSI China: Laos, Cuba reaffirm commitment to deepen ties

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

    Laos and Cuba on Friday reaffirmed their commitment to strengthening and further developing the traditional friendship and cooperation between the two states and peoples, Lao News Agency reported.

    Officials from the two countries held a political consultative meeting here on Friday, which was hailed by both sides as a positive step toward strengthening bilateral ties.

    Discussions centered on enhancing political cooperation, exchanging views and information, and reviewing past achievements to guide future collaboration. Both sides reaffirmed the importance of mutual support and solidarity that has long defined their relationship.

    The two sides agreed to continue implementing existing agreements and promoting cooperation in key sectors such as economy, health, education, agriculture, sports, and culture. They also discussed expanding collaboration into new and mutually beneficial areas, and enhancing trade and investment opportunities.

    Meanwhile, both parties shared updates on domestic developments and exchanged views on regional and international issues of mutual interest.

    MIL OSI China News –

  • MIL-OSI Africa: Proposals sought to raise funds for foreign currency borrowing programme 

    Source: Government of South Africa

    The Republic of South Africa, through the National Treasury, has called for eligible market participants to submit proposals that will raise a minimum amount of US$ 500 million for the country’s foreign currency borrowing programme.

    This as National Treasury is seeking to supplement its foreign currency borrowing programme for the 2025/26 fiscal year by exploring innovative and cost-effective financing mechanisms.

    “Proposals should raise, on a stand-alone or combined basis, a minimum amount of US$ 500 million. If funding is offered in another hard currency, the counterparty must commit to swapping the proceeds into US dollars at closing,” National Treasury said in a statement on Friday.

    This funding initiative aims to diversifying the sovereign’s hard currency funding toolkit beyond a traditional Eurobond; reduce execution risk and minimise the all-in cost of funds; and maintain flexibility for future liability management actions aligned with evolving market conditions.

    Government is expecting responses from primary dealers in South African government securities; internationally active arranging banks; multilateral institutions; institutional investors; and other regulated financial entities with capacity to fund at scale, either directly or through an arranging bank.

    Treasury will consider a range of instruments, including, but not limited to:
    •    bilateral term loans;
    •    private placements of floating rate notes;
    •    repurchase agreements against sovereign collateral;
    •    cross-currency or total return swaps with funding legs in US dollars, and
    •    other structured note formats.

    Proposals incorporating environmental, social, and governance (ESG) or sustainability-linked features are encouraged, particularly if aligned with the National Treasury’s ESG framework.

    Proposals will be assessed on the basis of:
    •    overall cost of funds (spread over the Secured Overnight Financing Rate (SOFR) or equivalent benchmark);
    •    speed and certainty of execution;
    •    compatibility with the sovereign’s maturity profile and debt service peaks;
    •    operational simplicity; and resilience to market shocks, including currency volatility and rate spikes.

    Interested parties have been advised to submit a PDF term sheet, including proposed amount, tenor, pricing and indicative spread; settlement date; key covenants or conditions precedent; collateral requirements (if any); governing law and documentation platform; and any relevant ESG characteristics.

    Deadline for submission

    The deadline for the submission of proposals is Wednesday, 6 August 2025, at 12:00 South African Standard Time (SAST).
    The evaluation window will start on Thursday, 7 August 2025 – Friday, 29 August 2025.

    This request contains no material, non-public information and may be shared with public-side desks. All proposals and follow-up discussions will be treated confidentially and will comply with all applicable South African public finance regulations.

    Submission channel and contacts are as follows:
    •    Please email proposals to: debtissuanceandmanagement@treasury.gov.za

    Enquiries may be directed to:
    •    Terry Bomela Msomi Director: Treasury Funding Tel: +27 12 315 5135
    •    Wanga Cibi Chief Director: Liability Management Tel: +27 12 315 5132

    – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Notice to improve: Mowbray Education Trust Limited

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Notice to improve: Mowbray Education Trust Limited

    A notice to improve issued to Mowbray Education Trust Limited by the Education and Skills Funding Agency.

    Applies to England

    Documents

    Letter to lift a notice to improve: Mowbray Education Trust Limited

    PDF, 103 KB, 2 pages

    Notice to improve: Mowbray Education Trust Limited

    PDF, 205 KB, 7 pages

    Details

    The notice to improve relating to financial management and governance for Mowbray Education Trust Limited was lifted on 25 July 2025.

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Notice to improve: Langley Hall Primary Academy Trust

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Notice to improve: Langley Hall Primary Academy Trust

    A notice to improve issued to Langley Hall Primary Academy Trust by the Department for Education.

    Applies to England

    Documents

    Notice to improve: Langley Hall Primary Academy Trust

    PDF, 680 KB, 12 pages

    Details

    This letter and its annex serve as a written notice to improve financial governance and financial management at Langley Hall Primary Academy Trust.

    Updates to this page

    Published 25 July 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI: Bitcoin Swift Approaches Stage 1 Presale Deadline with $1 Token Price Set to Double in Next Phase

    Source: GlobeNewswire (MIL-OSI)

    AI-Enabled Blockchain Protocol Activates Proof-of-Yield Rewards Ahead of September Launch Schedule

    LUXEMBOURG, July 25, 2025 (GLOBE NEWSWIRE) — Bitcoin Swift (BTC3), a programmable blockchain protocol that integrates artificial intelligence and decentralized identity, is nearing the final 24 hours of its Stage 1 presale. The project’s token remains fixed at $1.00 until the transition to Stage 2, at which point the price will increase to $2.00. Bitcoin Swift’s full 64-day presale period will conclude on September 18, 2025, with a confirmed launch price of $15.00.

    The conclusion of Stage 1 marks the first key milestone in the project’s presale cycle, offering early participants access to live staking rewards through the platform’s Proof-of-Yield (PoY) mechanism. According to project materials, PoY rewards are automatically distributed at the end of each presale stage, providing participants with functional utility prior to full network deployment.

    Programmable Infrastructure with AI Integration

    Bitcoin Swift is designed to serve as a modular financial infrastructure for decentralized finance (DeFi), combining smart contract adaptability, real-time governance, and compliance-friendly privacy.

    The protocol leverages a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus model to secure network activity. In addition to this foundation, the system incorporates AI agents that manage contract logic, reward algorithms, and governance proposal validation.

    Technical features include:

    • Federated AI Oracles – Monitor chain activity and detect anomalies in reward cycles
    • Learning-Enabled Smart Contracts – Adjust behavior based on usage data and transaction types
    • Decentralized Identity (DID) – Enables user verification without exposing private data
    • Quadratic Voting with AI Oversight – Ensures balance in governance participation by weighting votes according to verified identity credentials

    These systems are supported by recent audits from Spywolf and Solidproof, and the project team has completed KYC verification to support transparency.

    Roadmap Highlights and Timelines

    Bitcoin Swift’s roadmap sets out a phased development and deployment strategy from mid-2025 through late 2026:

    • Q3–Q4 2025: Launch on Solana network with immediate PoY activation and on-chain governance beta
    • Q1 2026: Integration of AI-powered contract engine and smart reinforcement modules
    • Q2 2026: Deployment of zk-ledger for shielded transactions and privacy-enhanced DeFi features
    • Q3 2026: Expansion of DAO voting with AI-simulated governance tools
    • Q4 2026: Native chain mainnet release, institutional onboarding, and transition from Solana via 1:1 bridge

    Each milestone corresponds to a functional deliverable and is accompanied by developer documentation and user onboarding resources.

    Final Hours of Stage 1 Presale

    As of July 25, Bitcoin Swift’s Stage 1 presale is in its final day. Tokens are priced at $1.00 with an APY of 143% for staking rewards under the Proof-of-Yield model. When Stage 2 begins, the token price will rise to $2.00, and the staking terms will be recalibrated to reflect updated issuance and network participation.

    The presale is structured across multiple stages over 64 days, with each stage introducing incremental pricing and adjusted yield distribution. Participants in Stage 1 also gain early access to key features including staking dashboards, governance voting modules, and beta smart contract interfaces.

    Governance and Community Participation

    Bitcoin Swift offers users the ability to engage with governance mechanisms prior to mainnet launch. The governance model includes identity-weighted quadratic voting and AI-based proposal risk scoring. These tools aim to encourage responsible participation and reduce the impact of token-weighted centralization.

    The project’s compliance-focused structure also makes use of decentralized identifiers (DIDs) to facilitate KYC-compatible user onboarding without compromising data privacy. These systems are intended to support both retail and institutional use cases once the mainnet goes live in 2026.

    About Bitcoin Swift

    Bitcoin Swift (BTC3) is a decentralized blockchain protocol designed for adaptive finance. The project integrates artificial intelligence, modular smart contracts, zk-privacy, and governance by verified identity. It is built to support on-chain programmable staking, AI-based automation, and secure protocol-level participation through DID infrastructure.

    The BTC3 token serves as the native utility asset for staking, governance, and fee payments across the Bitcoin Swift ecosystem. Current presale participants gain early access to live features, with future milestones set across phased rollouts through 2026.

    To learn more and access the presale dashboard, visit:
    https://bitcoinswift.com

    Contact:
    Luc Schaus
    support@bitcoinswift.com

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cd63504a-58a2-4ad1-bc23-f62015040ec7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b6ab4e95-7452-49f8-b1a2-fa71914a5303

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a5fcd292-e354-44e4-8cfb-649e7021491e

    The MIL Network –

  • MIL-OSI: HTX Gives Away $500,000 Rewards to Celebrate Ethereum’s 10th Anniversary: Newcomers, Traders, and Loyal Users All Win

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, July 25, 2025 (GLOBE NEWSWIRE) — As the Ethereum blockchain approaches its 10th anniversary on July 30, HTX, a leading global crypto exchange, is commemorating this significant milestone with a week-long global giveaway totaling $500,000 in rewards. Running from July 25, 10:00 to August 1, 10:00 (UTC), the campaign honors a decade of DeFi, NFT, and DAO innovations that Ethereum helped shape, while empowering its community to continue exploring value in the new crypto cycle.

    Diversified Trading and Referral Rewards for All Users

    Welcome Gift for New Users & First-Time Traders: Simply complete a spot or futures trade of any amount during the campaign to unlock a welcome gift. Eligible participants will receive either $3 in ETH or free ETH futures positions worth up to 1,000 USDT. Daily rewards are limited to the first 2,000 qualifying users. Please note that futures position claims require Level 1 KYC verification and a minimum net deposit of 100 USDT into your Futures account.

    Social Sharing & Referral Incentives: Share this exciting event on any social platform and invite a friend! If your friend registers and trades over 100 USDT on HTX, both of you can earn a 20 USDT Futures Trial Bonus. To qualify, both inviters and invitees must enroll in the event and complete Level 3 KYC verification. Rewards are available for the first 1,000 qualified participants.

    Comeback Bonuses for Inactive Users: Red carpet for returning friends!

    Spot Traders: Inactive spot traders who haven’t used HTX Spot since June 1, 2025, can receive a shot at winning up to 10 ETH through a lucky draw by simply restarting their spot trading.

    Futures Traders: For inactive futures traders (last active before July 10, 2025), HTX is offering APY Booster Coupons for SmartEarn, increasing APY by 3-8% based on net deposits to their Futures accounts. Combined with the current 2% base APY, users can enjoy up to 10% APY for SmartEarn!

    Special Offers for Ethereum’s Ecosystem Crypto Traders and HTX Earn Users

    $200,000 Trading Contest for Top Ethereum Ecosystem Cryptos: A dedicated trading contest is now live on HTX for top Ethereum ecosystem cryptocurrencies, including ETH, ETHFI, UNI, LINK, ENA, AAVE, CRV, LDO, MKR, and ENS. Users who register for the contest and trade at least 5,000 USDT in spot or 20,000 USDT in futures with these cryptos will be ranked by volume. The top traders will share a 200,000 USDT prize pool based on their ranking:

    • The top five traders will receive individual $HTX rewards ranging from $6,000 to $30,000.
    • Participants ranked sixth through twentieth will split $60,000.
    • The remaining $66,000 will be distributed proportionally among other eligible participants.
    • Additionally, margin traders whose margin trading volume hits 5,000 USDT or more can compete for a dedicated $HTX token prize pool worth $30,000.

    Exclusive ETH Earn Opportunities: ETH holders also have special opportunities:

    • First-time HTX Earn users can subscribe to a special ETH product offering a remarkable 100% APY! This is a one-time opportunity requiring Level 2 KYC verification.
    • Furthermore, all users can enjoy 6% APY on the ETH Flexible Earn product, featuring hourly compounding and instant withdrawals.

    Important Note: All participants must click “Register Now” on the campaign page to enroll. Only trades, deposits, and subscriptions completed after registration will be counted. Rewards will be distributed within seven business days following the campaign’s end.

    From 2015 to 2025, Ethereum has been the backbone of Web3 innovation. Now, HTX is proud to celebrate this milestone with a campaign designed to reward its community and fuel the future of decentralized finance. Register today on HTX and trade your way into the next decade of Ethereum.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit https://www.htx.com/ or HTX Square , and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2a59ff0b-12f0-495f-b6e1-4d6e56171fcb

    The MIL Network –

  • MIL-OSI Africa: Committee on Agriculture Commends Improved Performance of Agricultural Research Council (ARC), National Agricultural Marketing Council (NAMC) and Perishable Products Export Control Board (PPECB) in the Fourth Quarter of 2024/25

    Source: APO


    .

    The Portfolio Committee on Agriculture welcomed the briefings it received yesterday from the Agricultural Research Council (ARC), National Agricultural Marketing Council (NAMC), and the Perishable Products Export Control Board (PPECB) on their performance in the fourth quarter of the 2024/25 financial year and commended their notable performance.

    In welcoming the briefings from the three entities of the Department of Agriculture, the Chairperson of the Committee, Ms Dina Pule, said the committee was happy about the progress that the entities reported to the committee. She said the committee notes the hard work the entities have demonstrated and called for more improvement in all the areas of work that included implementation of the Auditor General’s recommendations on their last audit outcomes.

    The ARC reported that funding for building of the new Foot-and-mouth Disease (FMD) Vaccine Facility is still a challenge and that, efforts to obtain the required funding for the new facility remains a priority. The entity reported that field assessment of the FMD vaccine in Mpumalanga and Limpopo is ongoing and the study on vaccine safety in pregnant cows and young calves has been initiated.

    In appreciating the performance of the NAMC, the committee called on the entity to do more on finding market access for the small-scale farmers as markets are alfa and omega for their growth, survival and meaningful contribution to the South African economy and for national food security.

    The Chairperson told the Deputy Minister of the Department of Agriculture, Ms Zoleka Capa, who led the departmental delegation, that the committee notes with appreciation the accountability of both the Minister and his Deputy that they demonstrate to the committee.

    The Chairperson also said that accountability is a critical starting point for the success of the department. “We deeply appreciate your availability to our meetings with the department. Your presence solidifies the accountability of the department to the committee and the oversight responsibility of the committee over the department,” emphasised the Chairperson.

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

    MIL OSI Africa –

  • MIL-OSI Africa: Boosting Growth with Inclusive Financial Development Crucial to Unlock Angola’s Poverty Alleviation Efforts

    Source: APO


    .

    Angola recorded the highest economic expansion since 2014, with real Gross Domestic Product (GDP) growth reaching 4.4% in 2024. According to the latest edition of the Angola Economic Update (AEU) published by the World Bank Group (WBG) today, titled Boosting Growth with Inclusive Financial Development, this growth was driven by the oil sector’s recovery and diamond extraction, along with strong expansion in commerce and fishing.

    The report highlights that despite a rebound in economic activity in 2024, Angola still struggles with the lasting impacts of prolonged stagnation. From 2016 to 2020, the economy contracted by approximately 10.4%, averaging a 2.1% annual decline. This sluggish growth stemmed from structural challenges and heavy dependence on the oil sector, making it susceptible to global price fluctuations. Real GDP growth is projected at an average of 2.9% from 2025 to 2027, but this is unlikely to significantly improve living standards. Increased global uncertainty, including falling oil prices, emphasizes the need for Angola to diversify its economy and reduce reliance on oil.

    “The Angolan economy is in urgent need of establishing a consistent pathway toward robust growth to address nearly a decade of stagnation and to improve conditions for poverty alleviation. There is optimism that the comprehensive economic reforms currently being implemented by the government will produce positive outcomes and unlock the country’s potential,” said Juan Carlos Alvarez, World Bank Country Manager for Angola. “The country must intensify its support for key sectors that can significantly contribute to the essential process of economic diversification. A deeper analysis of these sectors and the needed structural reforms are discussed in the Angola Country Economic Memorandum, also published today,” he added.

    The AEU emphasizes the importance of promoting inclusive financial development in Angola to address the existing significant inequality and exclusion, particularly in rural areas where access to formal banking services is limited. Women and older adults are particularly affected. Compared to other countries in the region, Angolan households have less access to credit, savings, and digital financial services. Advancing financial inclusion can boost economic participation and resilience, leading to sustainable growth and poverty reduction. Access to banking, credit, and insurance empowers small businesses, farmers, and entrepreneurs, enhancing productivity and job creation. Moreover, financial inclusion can reduce income inequality by providing marginalized groups with opportunities to build assets and improve their well-being.

    The report highlights that implementing key reforms can create a more robust and inclusive financial sector in Angola, essential for diversifying the economy and fostering growth and job creation. It emphasizes the need for broader access to financial services beyond Luanda, especially as Angola focuses on economic activities in the Lobito Corridor and develops secondary cities. Additionally, the rise of digital banking and mobile payments offers a significant opportunity to reach underserved populations, enhancing economic resilience and promoting inclusive development.

    The report outlines essential reforms that Angola can implement to foster the growth of its financial sector and enhance accessibility in an inclusive manner. These reforms include:

    1. Developing digital payments to expand access to financial services in remote areas.
    2. Making digital payments more accessible and intuitive.
    3. Establishing a favorable regulatory framework to increase access to finance for Microcredit and Small and Medium Enterprises (MSME).
    4. Promoting lending to MSMEs and improving the transparency and market alignment of initiatives to finance MSMEs.
    5. Implementing the Financial Action Task Force action plan and addressing deficiencies in the Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) Framework. 
    6. Increasing access to insurance for individuals and MSMEs, including weather-based-index insurance for agricultural activities.

    “While addressing financial inclusion in Angola has several challenges, particularly for low-income and rural communities, there are constructive opportunities to address these barriers. By implementing regulatory reforms, embracing digital innovations, and enhancing financial education, Angola can pave the way for a more diverse economy and unlock new avenues for growth and job creation,” said Benedicte Baduel, World Bank Senior Country Economist for Angola.

    Distributed by APO Group on behalf of The World Bank Group.

    MIL OSI Africa –

  • MIL-OSI: Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date July 15, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 25, 2025 (GLOBE NEWSWIRE) — At the end of the settlement date of July 15, 2025, short interest in 3,260 Nasdaq Global MarketSM securities totaled 13,792,841,090 shares compared with 14,138,758,851 shares in 3,257 Global Market issues reported for the prior settlement date of June 30, 2025. The mid-July short interest represents 2.37 days compared with 2.59 days for the prior reporting period.

    Short interest in 1,647 securities on The Nasdaq Capital MarketSM totaled 2,853,251,720 shares at the end of the settlement date of July 15, 2025, compared with 2,790,159,938 shares in 1,636 securities for the previous reporting period. This represents a 1.00 day average daily volume; the previous reporting period’s figure was 1.00.

    In summary, short interest in all 4,907 Nasdaq® securities totaled 16,646,092,810 shares at the July 15, 2025 settlement date, compared with 4,893 issues and 16,928,918,789 shares at the end of the previous reporting period. This is 1.84 days average daily volume, compared with an average of 1.72 days for the prior reporting period.

    The open short interest positions reported for each Nasdaq security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.

    For more information on Nasdaq Short interest positions, including publication dates, visit
    http://www.nasdaq.com/quotes/short-interest.aspx
    or http://www.nasdaqtrader.com/asp/short_interest.asp.

    About Nasdaq:
    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.     

    NDAQO

    Media Contact:
    Maximilian Leitenbeger
    Maximilian.leitenberger@nasdaq.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/191e07e7-3c36-44fc-a732-fcbe0fed5e44

    The MIL Network –

  • MIL-OSI USA: Sign Up for Free Community College With SUNY Reconnect

    Source: US State of New York

    overnor Kathy Hochul visited Suffolk County Community College as part of her efforts to highlight the SUNY Reconnect program to provide free community college for adult learners, ages 25-55, who don’t already have a college degree and who are pursuing an associate degree in a high-demand field. The SUNY Reconnect program, which will begin in fall 2025, is part of Governor Hochul’s ongoing efforts to empower New Yorkers to pursue good jobs, and to ensure employers have access to a well-educated workforce to help the state’s economy thrive.

    “In every corner of our state, adult New Yorkers will have access to free community college so they will be able to realize their dreams of better jobs in high-demand industries,” Governor Hochul said. “Through SUNY Reconnect, community colleges like Suffolk County Community College will offer a world-class education to New Yorkers, for free, and will help empower these future leaders to turbo-charge our state economy and pursue paths to upward mobility.”

    Launched in mid-May following passage of the 2025-26 State Budget, SUNY Reconnect will make it possible for eligible adult students, ages 25-55, to pursue degrees in high-demand fields for free at SUNY community colleges throughout the state. To help prospective students learn more, SUNY community colleges are holding informational sessions and recruitment events. An updated listing can be found at: https://www.suny.edu/communitycollege/free-cc/sessions/.

    Governor Hochul was joined by SUNY Chancellor John B. King Jr. as they visited Suffolk County Community College where they highlighted the school’s Heating, Ventilation, Air Conditioning and Refrigeration (HVAC/R) program, which is an eligible associate degree program under the free community college initiative. To support adult learner success through SUNY Reconnect, Suffolk County Community College will utilize online and hybrid options for students that need to work while attending classes. Students will also have access to personal support specifically for adult learners, including on-campus childcare centers.

    SUNY Chancellor King said, “Thanks to Governor Hochul’s leadership, SUNY is on the move and our community colleges are stepping up to help New Yorkers around the state earn a degree in high-need fields. SUNY community colleges are pathways to upward mobility, and with the support of Governor Hochul and state leaders, Suffolk County Community College and all SUNY community colleges are ensuring that every eligible New Yorker interested in a degree in a high-need field will be able to unleash their full potential.”

    The SUNY Board of Trustees said, “SUNY has been New Yorkers’ engine of upward mobility and access to a world-class, affordable higher education for 77 years, and with the support of Governor Hochul SUNY Reconnect represents a bold new chapter in our history of service. By offering a community college education free of charge for adult learners seeking degrees in high-need fields, Governor Hochul and state leaders made a bold investment in the future of our state economy and workforce.”

    New York State Department of Labor Commissioner Roberta Reardon said, “Free community college for adult learners opens new doors for New Yorkers and ensures skilled and knowledgeable workers in sectors that communities statewide rely on, including education, healthcare, and technology. I thank Governor Hochul for advancing workforce development initiatives through SUNY programs that not only set up adult students for success but also help make the state an affordable place to live, work, and raise a family.”

    State Senator Toby Ann Stavisky said, “Everyone’s educational journey is different. Sometimes the path has hurdles and challenges. This initiative will enable students between the ages of 25 to 55 to complete their journey. It also expands workforce development in high demand fields. As a result, everyone benefits.”

    To support the launch of SUNY Reconnect, SUNY has:

    • Allocated $4 million to community colleges to support SUNY Reconnect programmatic implementation through advising, enrollment, outreach, award of credit for prior learning, and other student services, supports, and campus operations.
    • Provided an additional $1 million to cover equipment, materials, supplies, and other one-time needs to increase student enrollment capacity in high-demand programs that are part of SUNY Reconnect.
    • Announced $1.1 million in grant funding for the SUNY Adult Learner Leadership Initiative to help community colleges increase access and ensure degree completion for adult learners.

    SUNY Reconnect will fund degrees in high-demand fields including:

    • Advanced manufacturing
    • Artificial Intelligence
    • Cybersecurity
    • Engineering
    • Technology
    • Nursing and allied health fields
    • Green and renewable energy
    • Pathways to teaching in shortage areas

    In addition to SUNY Reconnect, the FY25-26 Enacted State Budget provides $8 million in increased operating aid to community colleges – the first back-to-back operating aid increases in decades for these institutions – and maintains the 100% community college funding floor, which protects community colleges from $75 million lost direct state tax support.

    The budget also provides significant funding toward New York’s longstanding Educational Opportunity Program, which has served more than 85,000 students, and increased support for ASAP|ACE, which will make these proven retention and completion programs permanent at SUNY and allow for a significant expansion.

    Assemblymember Tommy John Schiavoni said, “As an educator for 30 years, I know firsthand how transformative access to higher education can be for individuals and entire communities. Governor Hochul’s SUNY Reconnect initiative will open doors for thousands of adult learners across New York, giving them the opportunity to build careers in high-demand fields while strengthening our state’s workforce and economy. I am proud to support this bold investment in New Yorkers’ futures.”

    Suffolk County Community College President Dr. Edward Bonahue said, “Suffolk County Community College is dedicated to the value of lifelong learning, and SUNY Reconnect is a major step forward in helping us fulfill that mission. With this support from the state, we are proud to welcome adult learners preparing for careers in the high-demand fields critical to growing Long Island’s workforce.”

    New York State United Teachers President Melinda Person said, “From Niagara to Suffolk and every community in between, SUNY Reconnect is an historic step toward making higher education truly accessible. By removing financial barriers, it gives thousands of adult learners the chance to return to school, build new careers in high-demand fields, and strengthen their families. NYSUT is proud to stand with Gov. Hochul and Chancellor King to support a future where every New Yorker has the opportunity to thrive.”

    New York State Association of Counties Executive Director Stephen Acquario said, “Community colleges are at the heart of local communities across New York State, offering accessible and affordable education while also serving as critical engines of workforce development. By removing financial barriers for adults to return to college and pursue degrees in high-demand fields, this initiative will help employers fill job openings and enable more New Yorkers to build fulfilling careers right in their communities. We commend Governor Hochul for her leadership in expanding educational access and creating meaningful opportunities for working-age adults across the state.”

    New York Community College Association of Presidents and SUNY Orange President Dr. Kristine Young said, “Access and affordability have long been the hallmarks of New York’s community colleges. Governor Hochul’s support of SUNY Reconnect brings degrees in high-demand fields into reach for adult learners by further removing costs as a barrier. Students will gain access on our campuses to academic excellence and robust support systems, while being able to take advantage of the meaningful connections we’ve built with local and state employers in these critical sectors where skilled employees are needed. My colleagues at each of our 30 SUNY community colleges are more than ready to welcome new and returning adult learners throughout the state and to help them achieve their academic, career and personal goals.”

    About The State University of New York
    The State University of New York is the largest comprehensive system of higher education in the United States, and more than 95 percent of all New Yorkers live within 30 miles of any one of SUNY’s 64 colleges and universities. Across the system, SUNY has four academic health centers, five hospitals, four medical schools, two dental schools, a law school, the country’s oldest school of maritime, the state’s only college of optometry, and manages one US Department of Energy National Laboratory. In total, SUNY serves about 1.4 million students amongst its entire portfolio of credit- and non-credit-bearing courses and programs, continuing education, and community outreach programs. SUNY oversees nearly a quarter of academic research in New York. Research expenditures system-wide are nearly $1.16 billion in fiscal year 2024, including significant contributions from students and faculty. There are more than three million SUNY alumni worldwide, and one in three New Yorkers with a college degree is a SUNY alum. To learn more about how SUNY creates opportunities, visit www.suny.edu.

    MIL OSI USA News –

  • MIL-OSI Africa: Inaugural conference to reimagine an efficient, safe transport system 

    Source: Government of South Africa

    By Ivy Masale

    The year 2025 marks a defining moment for South Africa’s transport sector, with the launch of the inaugural National Transport Conference, which is scheduled to take place from 6 – 8 October 2025 in Gauteng.

    Hosted by the Department of Transport, this landmark event brings together government, State-owned enterprises (SOEs), private businesses, academia and civil society in one unified conversation.

    For the first time, all stakeholders in the transport ecosystem will gather under one roof to exchange ideas, align strategies, and shape the future of mobility across aviation, rail, road, maritime and public transport.

    Transport is more than movement: it is the lifeblood of economic growth and social connection.

    It links rural communities to markets, supports trade across borders, and fuels development in cities. Yet, the sector faces mounting challenges. Infrastructure is under pressure and requires modernisation. 

    Passenger rail, once the backbone of public transport, must be restored to full service. Ports need to achieve world-class operational standards. Road fatalities remain unacceptably high. At the same time, technology is changing how goods and people move, and sustainability demands innovative, green solutions.

    Addressing these challenges requires bold thinking and collaboration. It demands a shared national agenda where every role-player — government, industry, academia, and investors — works in step.

    Until now, South Africa has hosted numerous successful conferences on transport — from the Southern African Transport Conference to the Africa Rail and the Smarter Mobility Summit. These forums have produced valuable insights, but discussions often remain within specific sectors. The absence of a unifying platform has made it difficult to consolidate recommendations into a coherent national strategy.

    The National Transport Conference changes this. It is not here to replace existing events but to complement and amplify them. It creates a single forum where knowledge converges, and where ideas can be turned into policies, partnerships and solutions that impact the entire country.

    This strategic step by the Department of Transport reflects government’s commitment to transforming mobility in ways that boost economic competitiveness, improve safety, create jobs and advance sustainability.

    It also aligns with the priorities set out by the Minister of Transport, Barbara Creecy for her term of office–revitalising rail, expanding air and freight capacity, improving port efficiency, reducing road fatalities and positioning rail as the backbone of transport. These ambitions are not abstract targets; they are performance commitments aimed at unlocking opportunity for millions of South Africans.

    Delegates can look forward to a dynamic programme that includes high-level keynote sessions from government leaders, industry executives, including global transport experts.

    Discussions will explore critical themes such as restoring passenger rail services and expanding freight volumes to reduce road congestion and support economic growth, leveraging digital innovation and intelligent transport systems, unlocking investment through public-private partnerships, improving road safety in line with global targets and implementing low-emission transport solutions to reduce environmental impact.

    Breakaway sessions will give participants a chance to engage deeply with specific challenges. Researchers can share findings that inform policy, while practitioners can explore practical solutions to accelerate implementation. Exhibitions will showcase innovative transport technologies–from electric buses and smart ticketing systems to logistics optimisation tools and green aviation solutions.

    The future of transport 

    This conference is for everyone who has a stake in South Africa’s transport future. Researchers will gain a platform to present studies that influence national policy. Businesses will discover opportunities to partner on infrastructure projects or introduce new technologies.

    Transport operators will access critical insights on regulations, funding models, and innovation. Academics will find networks for collaboration. Policymakers and officials will strengthen ties with global thought leaders and learn from best practices.

    Beyond the professional value, the conference offers unparalleled networking opportunities. It is a chance to meet decision-makers, investors, and innovators–all under one roof–discussing how to build a transport system that works for the economy and for people.

    This is not just a dialogue; it is a platform for action. The conference will adopt a National Transport Agenda — a strategic framework that sets out key priorities for the year ahead and aligns with government’s developmental objectives.

    Delegates will contribute to a formal declaration and an actionable roadmap to ensure follow-through on commitments. These outcomes will also inform the October Transport Month campaign, linking dialogue to implementation timelines.

    Capacity-building workshops will provide training opportunities to strengthen skills across the sector. Knowledge-sharing sessions will highlight global best practices that can be adapted to local realities. Public-private partnerships will be fostered to unlock investment and resources for large-scale projects.
    The ultimate goal is a transport system that is integrated, efficient and sustainable. One that supports economic growth, connects people to opportunities, and enhances safety and accessibility for all.

    The launch of the National Transport Conference signals a new era of partnership and progress.

    It is an opportunity to move beyond fragmented conversations and towards a shared vision for mobility. For government, it is a platform to lead transformation. For industry, it is a chance to invest in growth. For citizens, it promises a future where transport is safe, affordable and reliable.

    South Africa stands at a pivotal point in its journey to reimagine mobility. The question now is not whether change will come–but how fast and how well we can make it happen. The National Transport Conference is where that future begins.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: United Kingdom helps Guatemala to combat plastic pollution

    Source: United Kingdom – Government Statements

    World news story

    United Kingdom helps Guatemala to combat plastic pollution

    Deputy Head of Mission (DHM) Paul Huggins participated in the launch of Guatemala’s National Plastics Action Partnership (NPAP).

    During the event, he offered closing remarks highlighting the United Kingdom’s commitment to the Global Plastics Action Partnership (GPAP), of which Guatemala has been a member since January 2025, and underscored the importance of international collaborations in addressing global environmental challenges. 

    DHM Huggins praised Guatemala’s leadership in creating inclusive, evidence-based policies and welcomed its recent membership in the UK-founded High Ambition Coalition to End Plastic Pollution (HAC). He also reaffirmed the United Kingdom’s commitment to concluding negotiations for a legally binding global treaty on plastics by August of this year. 

    The event was attended by the Minister of Environment, Patricia Orantes; the Vice Minister for Climate Change, Edwin Castellanos, and representatives of partner organizations and implementers of the NPAP in Guatemala.

    The UK, through the Blue Planet Fund and in collaboration with other partners has contributed £24 million to the GPAP program since 2018, supporting initiatives that promote the circular economy and improve the conditions of informal waste workers.

    Updates to this page

    Published 25 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: Development Minister sets out new United Kingdom (UK) approach to development at G20 meeting in South Africa

    Source: APO – Report:

    .

    • Development Minister Baroness Chapman will reset the UK’s approach to international development at the G20 Development Meeting in South Africa today (Friday, 25 July).
    • Economic development underpins the UK’s new approach, as the Minister visits a South African food producer supported by the FCDO’s development arm BII.
    • The UK is supporting countries to transition from traditional aid to innovative financing for development, as the Minister visits a centre for survivors of gender-based violence funded by both the UK and the private sector.

    The UK is resetting its relationship with countries in the Global South and helping countries exit the need for aid, as Baroness Chapman attends the G20 Development Ministerial Meeting in South Africa today (Friday 25 July 2025).

    This follows the publication of ODA allocations earlier this week (Tuesday 22 July 2025), which indicate how the UK is going to spend its aid budget for the next year.

    The UK will move from being a donor to a genuine partner and investor, ensuring every pound spent on aid delivers for the UK taxpayer and the people we support.

    Economic development underpins the UK’s new approach, to help countries grow fairer, more resilient economies and ultimately exit the need for aid, in support of the government’s Plan for Change.

    The Minister saw this in action yesterday (Thursday 24 July 2025) as she visited an Agristar farm which produces macadamia nuts in Mbombela, eastern South Africa. British International Investment (BII), the UK’s development finance institution, is supporting Agristar to expand – supporting jobs and growth and helping to stock British supermarket shelves. 

    The Minister also visited a UK supported care centre for survivors of gender-based violence in Mbombela, alongside South African Minister for Women, Youth and Persons with Disability, Sindisiwe Lydia Chikunga. The centre is supported by a multi-donor fund which has seen increased backing from South African and international private investors. The innovative funding approach has supported over 200 community-based organisations in South Africa working to prevent violence in schools and communities and provide response services for survivors of gender-based violence. This demonstrates the UK and South Africa’s shared commitment to gender equality and women’s empowerment.

    By mobilising private finance and empowering partners to take charge of their own development, the UK is moving away from a paternalistic approach to aid.

    Minister for Development, Baroness Chapman said:

    We want to help countries move beyond aid. In South Africa, I’ve seen the impact we can have with genuine partnerships, rather than paternalism. Our work is supporting jobs and generating global economic growth – and bringing high quality South African produce to UK shops. 

    At the G20 in South Africa, I have one simple message: the world has changed and so must we. The UK is taking a new approach to development, responding to the needs of our partners and delivering real impact and value for money for UK taxpayers.

    At the G20, the Minister is due to discuss the UK’s new approach to international development with counterparts from Egypt, India and Germany.

    The Agristar farm in Mbombela, which the Minister visited yesterday, has benefitted from UK investment as part of the Just Energy Transition Partnership (JETP). BII support has enabled the macadamia nut producer to expand its operations across Africa, invest in measures to mitigate climate risks, and support nearly 400 jobs. BII is also supporting Agristar’s expansion into Malawi.

    BII, which aims to make a return on its investments, has so far supported 92 companies in South Africa and over 35,000 jobs.   

    Its success highlights how the UK’s investment in international development is driving green growth and jobs, boosting global prosperity and stability to help create the conditions to deliver the government’s Plan for Change at home.   

    The Minister will also announce today a new £2 million commitment to support local agribusiness projects by partnering with South African investment funds to drive more private finance for the farming sector.

    In G20 talks on tackling illicit financial flows, the Minister will highlight how money and assets siphoned away as part of criminal activity deprive lower-income countries of vital resources which could otherwise support growth and development. The Foreign Secretary is leading a campaign against illicit finance, mobilising the best UK expertise and international partnerships, so dirty money has nowhere to hide. This is also vital to deterring threats to the safety and security of Britain, as part of the government’s Plan for Change.

    – on behalf of United Kingdom Foreign, Commonwealth and Development Office.

    MIL OSI Africa –

  • MIL-OSI Europe: Commission highlights progress and challenges in EU anti-fraud efforts in 2024 PIF Report

    Source: European Anti-Fraud Offfice

    Press release 22/2025
    PDF version 

    Today the European Commission adopted its 2024 Annual Report on the protection of the EU’s financial interests (‘PIF’ report). The report shows the progress made by the anti-fraud bodies at EU and national level in strengthening their coordination, promoting the digitalisation of the fight against fraud, and reporting detected cases of fraud and irregularities to the Commission. As the Commission focuses on further strengthening the EU anti-fraud architecture and fostering the digitalisation of the fight against fraud, it recommends Member States to pursue a similar path at national level.

    The 2024 PIF report takes stock of the various initiatives adopted at EU and national level to strengthen the EU anti-fraud governance and the fight against fraud affecting the EU’s financial interests through digital tools and innovative technologies. This process takes a renewed momentum with the structured reflection process for the review of the EU Anti-Fraud Architecture launched by the Commission on 16 July 2025.

    Piotr Serafin, Commissioner for Budget, Anti-fraud and Public Administration, said: “The Commission has presented an ambitious new long-term budget that will equip Europe to become an independent, prosperous, secure, and thriving society and economy over the coming decade. To protect these resources from fraud, we need an EU anti-fraud architecture that can better address the challenges ahead, bridge existing gaps, and streamline cooperation between its various actors, at both EU and national level.”

    The report offers an overview of the development of anti-fraud legislation and policies across the EU. In 2024, for example, addressing conflicts of interest emerged as a common theme across several Member States. 

    According to the report, while the number of irregularities – 13 589 in total – reported by the competent EU and national authorities slightly decreased in 2024 compared to 2023, the number of reported cases of fraud increased to 1 364, 26% more than in 2023. This increase may be the result of the reiterated recommendations addressed by the Commission to the Member States in the past years to better report detected fraud. The Commission will continue monitoring this trend in the coming years also to assess whether Member States follow-up effectively on these detected cases, another frequently reiterated Commissions recommendation.

    To ensure further improvement of reporting and follow-up of cases of suspected fraud and irregularities, the Commission recommends that Member States establish appropriate communication channels between the actors involved. In the Commission’s view, the adoption of national anti-fraud strategies remains a pillar for anti-fraud governance at the national level. Every Member State shall adopt such a strategy, ideally integrating the development of IT tools and the use of innovative technologies at its core to fight fraud more effectively. 

    The 36th Annual Report on the protection of the EU’s financial interests, published today, is available on OLAF’s website.

    Background

    The EU and Member States share responsibility for protecting the EU’s financial interests and fighting fraud. Member State authorities manage more than 85 percent of EU expenditure and collect the EU’s traditional own resources. The Commission oversees both areas, sets standards, and verifies compliance.

    Under the Treaty on the Functioning of the European Union (Art 325(5)), the Commission is required to produce an Annual Report on the Protection of the EU’s Financial Interests (known as the PIF Report), detailing the measures taken at European and national level to counter fraud affecting the EU budget. The report is based on information reported by the Member States, including data on detected irregularities and fraud. The analysis of this information allows assessing which areas are most at risk, thereby allowing for better targeted actions at both EU and national levels. The report is accompanied by six working documents, providing additional and detailed information on several topics addressed in the report itself.

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    euantifraud.bsky.social

    If you’re a journalist and you wish to receive our press releases in your inbox, please leave us your contact data.

    MIL OSI Europe News –

  • MIL-OSI: Bitget’s GetAgent AI Trading Assistant Sees Explosive Adoption, Ignites Community Frenzy

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has witnessed explosive demand following the launch of GetAgent, the world’s first crypto-native AI trading assistant. In just a few days, GetAgent has taken the crypto world by storm driving record-breaking user engagement, viral social media buzz, and significant token burns.

    GetAgent is an AI trading assistant that combines real-time market intelligence with personalized trading strategies. Built on a large language model trained by Bitget, GetAgent allows users to interact with the market using natural language, asking questions like “What’s trending today?” or “Buy $1,000 USDT of ETH” and receive actionable insights and execution support. The assistant can generate tailored trading strategies based on user preferences, and even help execute trades on Bitget.

    The launch in early July sparked unprecedented demand, with Bitget projecting a token burn of $300,000 to $500,000 in the first 30 days. This burn reflects not only the overwhelming interest in AI-powered crypto trading, but also Bitget’s deep commitment to creating sustainable value for its community and ecosystem.

    Social media platforms have been flooded with positive sentiment, as users share screenshots of profitable trades made with GetAgent’s support. With over 30,000 mentions in the first 14 days of launch, 1.2 billion media impressions, and nearly 20,000 users still on the waitlist, access codes have quickly become one of the most sought-after commodities in the crypto community.

    User engagement metrics further underscore GetAgent’s momentum. Those with access are averaging 15+ daily interactions, with a 7-day retention rate exceeding 30%—a remarkable benchmark in any digital product category. Users are increasingly relying on GetAgent as an everyday trading companion.

    “GetAgent is more than just a tool—it’s the beginning of a new trading paradigm where AI empowers every crypto trader, regardless of experience level,” said Gracy Chen, CEO of Bitget. “The overwhelming response from our community reaffirms our vision to bring smart, accessible, and user-centric products to the market. We’re excited to see how GetAgent reshapes the future of trading.”

    Looking ahead, GetAgent is expected to be made available to all Bitget users in Q3. The product will also be upgraded to support contract trading, earn products, and trading bots, enabling users to complete a wide range of crypto investment activities through simple, conversational interactions.

    As the first product of its kind in the industry, GetAgent combines conversational AI with real market execution, making crypto trading smarter, faster, and more intuitive. Bitget will continue to roll out access to waitlisted users and enhance the product’s capabilities.

    About Bitget

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

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

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

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

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b4eea7a8-0492-4f6f-83a3-0d36e3837d42

    The MIL Network –

  • MIL-OSI: Decorated Veteran and Top-Producing Loan Officer Brian Bloete Joins Rate

    Source: GlobeNewswire (MIL-OSI)

    MONTVILLE, N.J., July 25, 2025 (GLOBE NEWSWIRE) — Rate, a leading fintech company, proudly announces the addition of Brian Bloete, a decorated U.S. Marine Corps veteran and top-producing loan officer, to its team in Montville, NJ. Bloete joins Rate as part of the company’s continued commitment to attracting elite originators who prioritize service, integrity, and performance.

    Since joining the mortgage industry in 2016, Bloete has closed more than $250 million in loans, earning recognition as a Scotsman Guide Top 1% Originator every year from 2020 through 2025. Known for delivering tailored financing solutions and guiding clients through complex lending decisions with confidence, Bloete brings a customer-first mindset and proven production to Rate’s expanding Northeast footprint.

    “I moved to Rate to join a winning team, one with cutting-edge technology and product offerings that allow me to better serve every client,” said Bloete. “This platform empowers me to provide personalized mortgage solutions that make a real difference for borrowers.”

    “We’re very excited to welcome Brian, a proud U.S. Marine Corps veteran and top-producing loan officer, to Rate,” said Jeff Nelson, Chief Production Officer, East at Rate. “His success stems from ensuring borrowers receive tailored mortgage options that are specific to their home needs while always prioritizing the customer-first philosophy. Welcome to Rate, Brian!”

    Rate continues to attract elite producers looking to grow their businesses while delivering exceptional borrower outcomes. The addition of Brian Bloete reinforces Rate’s strong presence in the Montville area and its appeal to highly accomplished, service-driven professionals.

    About Rate

    Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, Rate has over 850 branches across all 50 states and Washington, D.C. Since its launch in 2000, Rate has helped more than 2 million homeowners with home purchase loans, refinances, and home equity loans. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates, and delivering unparalleled customer service. Recent honors and awards include: a Best Mortgage Lender of 2025 by Fortune; Best Mortgage Lender of 2025 for First-Time Homebuyers by Forbes; a Best Mortgage Lender of 2025 for FHA Loans, Home Equity Loans, and Lower Credit Scores by NerdWallet; Best Mortgage Lender of 2025 for Digital Experience and Down Payment Assistance by Motley Fool; Chicago Agent Magazine’s Lender of the Year for seven consecutive years. Visit rate.com for more information.

    Media Contact:
    press@rate.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc943baf-2e5a-4e9a-a769-cbdfb4d4179e

    The MIL Network –

  • MIL-OSI Submissions: Fears that falling birth rates in US could lead to population collapse are based on faulty assumptions

    Source: The Conversation – USA (3) – By Leslie Root, Assistant Professor of Research, Institute of Behavioral Science, University of Colorado Boulder

    Unfortunately for demographers, birth rates are hard to predict far into the future. gremlin/E+ via Getty Images

    Pronatalism – the belief that low birth rates are a problem that must be reversed – is having a moment in the U.S.

    As birth rates decline in the U.S. and throughout the world, voices from Silicon Valley to the White House are raising concerns about what they say could be the calamitous effects of steep population decline on the economy. The Trump administration has said it is seeking ideas on how to encourage Americans to have more children as the U.S. experiences its lowest total fertility rate in history, down about 25% since 2007.

    As demographers who study fertility, family behaviors and childbearing intentions, we can say with certainty that population decline is not imminent, inevitable or necessarily catastrophic.

    The population collapse narrative hinges on three key misunderstandings. First, it misrepresents what standard fertility measures tell us about childbearing and makes unrealistic assumptions that fertility rates will follow predictable patterns far into the future. Second, it overstates the impact of low birth rates on future population growth and size. Third, it ignores the role of economic policies and labor market shifts in assessing the impacts of low birth rates.

    Fertility fluctuations

    Demographers generally gauge births in a population with a measure called the total fertility rate. The total fertility rate for a given year is an estimate of the average number of children that women would have in their lifetime if they experienced current birth rates throughout their childbearing years.

    Fertility rates are not fixed – in fact, they have changed considerably over the past century. In the U.S., the total fertility rate rose from about 2 births per woman in the 1930s to a high of 3.7 births per woman around 1960. The rate then dipped below 2 births per woman in the late 1970s and 1980s before returning to 2 births in the 1990s and early 2000s.

    Since the Great Recession that lasted from late 2007 until mid-2009, the U.S. total fertility rate has declined almost every year, with the exception of very small post-COVID-19 pandemic increases in 2021 and 2022. In 2024, it hit a record low, falling to 1.6. This drop is primarily driven by declines in births to people in their teens and early 20s – births that are often unintended.

    But while the total fertility rate offers a snapshot of the fertility landscape, it is not a perfect indicator of how many children a woman will eventually have if fertility patterns are in flux – for example, if people are delaying having children.

    Picture a 20-year-old woman today, in 2025. The total fertility rate assumes she will have the same birth rate as today’s 40-year-olds when she reaches 40. That’s not likely to be the case, because birth rates 20 years from now for 40-year-olds will almost certainly be higher than they are today, as more births occur at older ages and more people are able to overcome infertility through medically assisted reproduction.

    A more nuanced picture of childbearing

    These problems with the total fertility rate are why demographers also measure how many total births women have had by the end of their reproductive years. In contrast to the total fertility rate, the average number of children ever born to women ages 40 to 44 has remained fairly stable over time, hovering around two.

    Americans continue to express favorable views toward childbearing. Ideal family size remains at two or more children, and 9 in 10 adults either have, or would like to have, children. However, many Americans are unable to reach their childbearing goals. This seems to be related to the high cost of raising children and growing uncertainty about the future.

    In other words, it doesn’t seem to be the case that birth rates are low because people are uninterested in having children; rather, it’s because they don’t feel it’s feasible for them to become parents or to have as many children as they would like.

    The challenge of predicting future population size

    Standard demographic projections do not support the idea that population size is set to shrink dramatically.

    One billion people lived on Earth 250 years ago. Today there are over 8 billion, and by 2100 the United Nations predicts there will be over 10 billion. That’s 2 billion more, not fewer, people in the foreseeable future. Admittedly, that projection is plus or minus 4 billion. But this range highlights another key point: Population projections get more uncertain the further into the future they extend.

    Predicting the population level five years from now is far more reliable than 50 years from now – and beyond 100 years, forget about it. Most population scientists avoid making such long-term projections, for the simple reason that they are usually wrong. That’s because fertility and mortality rates change over time in unpredictable ways.

    The U.S. population size is also not declining. Currently, despite fertility below the replacement level of 2.1 children per woman, there are still more births than deaths. The U.S. population is expected to grow by 22.6 million by 2050 and by 27.5 million by 2100, with immigration playing an important role.

    Despite a drop in fertility rates, there are still more births than deaths in the U.S.
    andresr/E+ via Getty Images

    Will low fertility cause an economic crisis?

    A common rationale for concern about low fertility is that it leads to a host of economic and labor market problems. Specifically, pronatalists argue that there will be too few workers to sustain the economy and too many older people for those workers to support. However, that is not necessarily true – and even if it were, increasing birth rates wouldn’t fix the problem.

    As fertility rates fall, the age structure of the population shifts. But a higher proportion of older adults does not necessarily mean the proportion of workers to nonworkers falls.

    For one thing, the proportion of children under age 18 in the population also declines, so the number of working-age adults – usually defined as ages 18 to 64 – often changes relatively little. And as older adults stay healthier and more active, a growing number of them are contributing to the economy. Labor force participation among Americans ages 65 to 74 increased from 21.4% in 2003 to 26.9% in 2023 — and is expected to increase to 30.4% by 2033. Modest changes in the average age of retirement or in how Social Security is funded would further reduce strains on support programs for older adults.

    What’s more, pronatalists’ core argument that a higher birth rate would increase the size of the labor force overlooks some short-term consequences. More babies means more dependents, at least until those children become old enough to enter the labor force. Children not only require expensive services such as education, but also reduce labor force participation, particularly for women. As fertility rates have fallen, women’s labor force participation rates have risen dramatically – from 34% in 1950 to 58% in 2024. Pronatalist policies that discourage women’s employment are at odds with concerns about a diminishing number of workers.

    Research shows that economic policies and labor market conditions, not demographic age structures, play the most important role in determining economic growth in advanced economies. And with rapidly changing technologies like automation and artificial intelligence, it is unclear what demand there will be for workers in the future. Moreover, immigration is a powerful – and immediate – tool for addressing labor market needs and concerns over the proportion of workers.

    Overall, there’s no evidence for Elon Musk’s assertion that “humanity is dying.” While the changes in population structure that accompany low birth rates are real, in our view the impact of these changes has been dramatically overstated. Strong investments in education and sensible economic policies can help countries successfully adapt to a new demographic reality.

    Leslie Root receives funding from the Eunice Kennedy Shriver National Institute of Child Health and Development (NICHD) for work on fertility rates.

    Karen Benjamin Guzzo has received funding from the Eunice Kennedy Shriver National Institute of Child Health and Human Development in the United States.

    Shelley Clark receives funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. Fears that falling birth rates in US could lead to population collapse are based on faulty assumptions – https://theconversation.com/fears-that-falling-birth-rates-in-us-could-lead-to-population-collapse-are-based-on-faulty-assumptions-261031

    MIL OSI –

  • MIL-OSI Submissions: Trump’s push for more deportations could boost demand for foreign farmworkers with ‘guest worker’ visas

    Source: The Conversation – USA (2) – By Scott Morgenstern, Professor of Political Science, University of Pittsburgh

    Mexican farmworkers with H-2A visas weed a North Carolina tobacco field in 2016. Andrew Lichtenstein/Corbis via Getty Images

    The U.S. has an important choice to make regarding agriculture.

    It can import more people to pick crops and do other kinds of agricultural labor, it can raise wages enough to lure more U.S. citizens and immigrants with legal status to take these jobs, or it can import more food. All three options contradict key Trump administration priorities: reducing immigration, keeping prices low and importing fewer goods and services.

    The big tax-and-spending bill President Donald Trump signed into law on July 4, 2025, included US$170 billion to fund the detention and deportation of those living in the U.S. without authorization. And about 1 million of them work in agriculture, accounting for more than 40% of all farmworkers.

    As the detention and deportation of undocumented immigrants ramps up, one emerging solution is to replace at least some deported farmworkers with foreigners who are given special visas that allow them to help with the harvest but require them to go home after their visas expire.

    Such “guest worker” programs have existed for decades, leading to today’s H-2A visa program. As of 2023, more than 310,000 foreigners, around 13% of the nation’s 2.4 million farmworkers, were employed through this program. About 90% of the foreign workers with these visas come from Mexico, and nearly all are men. The states where the largest numbers of them go are California, Florida, Georgia and Washington.

    As a professor of Latin American politics and U.S.-Latin American relations, I teach my students to consider the difficult trade-offs that governments face. If the Trump administration removes a significant share of the immigrants living in the U.S. without legal permission from the agricultural labor force to try to meet its deportation goals, farm owners will have few options.

    Few options available

    First, farm owners could raise wages and improve working conditions enough to attract U.S. citizens and immigrants who are legal permanent residents or otherwise in the U.S. with legal status.

    But many agricultural employers say they can’t find enough people to hire who can legally work – at least without higher wages and much-improved job requirements. Without any undocumented immigrant farmworkers, the prices of U.S.-sourced crops and other agricultural products would spike, creating an incentive for more food to be imported.

    Second, farm owners could employ fewer people. That would require either growing different crops that require less labor or becoming more reliant on machinery to plant and harvest. But that would mean the U.S. could have to import more food. And automation for some crops is very expensive. For others, such as for berries, it’s currently impossible.

    It’s also possible that some farm owners could put their land to other uses, ceasing production, but that would also necessitate more imported food.

    Trump administration’s suggested fixes

    U.S. Agriculture Secretary Brooke Rollins has predicted that farm owners will soon find plenty of U.S. citizens to employ.

    She declared on July 8 that the new Medicaid work requirements included in the same legislative package as the immigration enforcement funds would encourage huge numbers of U.S. citizens to start working in the fields instead of losing their health insurance through that government program.

    Farm trade groups say this scenario is far-fetched.

    For one thing, most adults enrolled in the Medicaid program who can work already do. Many others are unable to do so due to disabilities or caregiving obligations.

    Few people enrolled in Medicaid live close enough to a farm to work at one, and even those who do aren’t capable of doing farmwork. When farm owners tried putting people enrolled in a welfare program to work in the fields in the 1990s, it failed. Another experiment in the 1960s, which deployed teenagers, didn’t pan out either because the teens found the work too hard.

    It seems more likely that farm owners will try to hire many more foreign farmworkers to do temporary but legal jobs through the H-2A program.

    Although he has not made it an official policy, Trump seems to be moving toward this same conclusion.

    In June, for example, Trump said his administration was working on “some kind of a temporary pass” for immigrants lacking authorization to be in the U.S. who are working on farms and in hotels.

    Farmworkers with H-2A visas spend time in their employer-provided dormitory on April 28, 2020, in King City, Calif.
    Brent Stirton/Getty Images

    Established in 1952, numbers now rising quickly

    The guest worker system, established in 1952 and revised significantly in 1986, has become a mainstay of U.S. agriculture because it offers important benefits to both the farm owners who need workers and the foreign workers they hire.

    There is no cap on the number of potential workers. The number of H-2A visas issued is based only on how many employers request them. Farm owners may apply for visas after verifying that they are unable to locate enough workers who are U.S. citizens or present in the U.S. with authorization.

    To protect U.S. workers, the government mandates that H-2A workers earn an “adverse effect wage rate.” The Labor Department sets that hourly wage, which ranges from $10.36 in Puerto Rico to about $15 in several southern states, to more than $20 in California, Alaska and Hawaii. These wages are set at relatively high levels to avoid putting downward pressure on what other U.S. workers are paid for the same jobs.

    After certification, farm owners recruit workers in a foreign country who are offered a contract that includes transportation from their home country and a trip back – assuming they complete the contract.

    The program provides farm owners with a short-term labor force. It guarantees the foreign workers who obtain H-2A visas relatively high wages, as well as housing in the U.S. That combination has proven increasingly popular in recent years: The annual number of H-2A visas rose to 310,700 in 2023, a more than fivefold increase since 2010.

    Possible downsides

    Boosting the number of agricultural guest workers would help fill some gaps in the agricultural labor force and reduce the risk of crops going unharvested. But it seems clear to me that a sudden change would pose risks for workers and farm owners alike.

    Workers would be at risk because oversight of the H-2A program has historically been weak. Despite that lax track record, some unscrupulous farmers have been fined or barred from participating in the H-2A program because of unpaid wages and other abuses.

    Relying even more on guest farmworkers than the U.S. does today would also swap workers who have built lives and families north of the border with people who are in the U.S. on a temporary basis. Immigration opponents are unlikely to object to this trade-off, but to immigrant rights groups, this arrangement would be cruel and unfair to workers with years of service behind them.

    What’s more, the workers with guest visas can be at risk of exploitation and abuse. In 2022, the U.S. attorney for the Southern District of Georgia described conditions for H-2A workers at an onion farm the government had investigated as “modern-day slavery.”

    The U.S. Government Accountability Office has researched the H-2A visa program and observed many problems it recommends be fixed.

    For farm owners, the downside of ramping up guest worker programs is that it could increase costs and make production less efficient and more costly. That’s because transporting Mexican farmworkers back and forth each year is complicated and expensive. Farm groups say that compliance with H-2A visa requirements is cumbersome. It can be particularly difficult for small farms to participate in this program.

    Some farm owners have objected to the costs of employing H-2A workers. Rollins has said that the Trump administration believes that the mandatory wages are too high.

    To be sure, these problems aren’t limited to agriculture. Hotels, restaurants and other hospitality businesses, which rely heavily on undocumented workers, can also temporarily employ some foreigners through the H-2B visa program – which is smaller than the H-2A program, limits the number of visas issued and is available only for jobs considered seasonal.

    Home health care providers and many other kinds of employers who rely on people who can’t legally work for them could also struggle. But so far, there is no temporary visa program available to help them fill those gaps.

    If the U.S. does deport millions of workers, the price of tomatoes, elder care, restaurant meals and roof repairs would probably rise substantially. A vast increase in the number of guest workers is a potential but partial solution, but it would multiply problems that are inherent in these temporary visa programs.

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

    – ref. Trump’s push for more deportations could boost demand for foreign farmworkers with ‘guest worker’ visas – https://theconversation.com/trumps-push-for-more-deportations-could-boost-demand-for-foreign-farmworkers-with-guest-worker-visas-259868

    MIL OSI –