Category: Economy

  • MIL-OSI Africa: Shell Trading & Shipping’s Filippo Bof Joins Angola Oil & Gas (AOG) 2025

    Source: Africa Press Organisation – English (2) – Report:

    Filippo Bof, Head of Business Development: Africa and Med at Shell Trading & Shipping – the trading and supply branch of energy major Shell – will speak at this year’s Angola Oil & Gas (AOG) conference. Taking place on September 3-4 in Luanda, the event is the official meeting platform for the country’s hydrocarbon sector, uniting investors and operators from across the entire petroleum value chain. With a prominent presence in Africa, Shell Trading & Shipping is well-positioned to lead discussions on enhancing regional trade and petroleum distribution.

    During AOG 2025, Bof will participate in a panel discussion titled: From Extraction to Expansion: Financing Angola’s Oil & Gas’ Development, where he is expected to share insight into the role of multilateral lenders, development banks and private equity in unlocking projects across the value chain. Shell Trading & Shipping is seeking new opportunities to finance oil and gas projects, and with its expertise in hydrocarbon trade, stands to play an instrumental role in supporting the next wave of downstream developments in Angola.

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

    As sub-Saharan Africa’s second-largest oil producer, Angola has ambitions to position itself as a regional petroleum hub. The country is accelerating the development of downstream infrastructure to achieve this goal, with projects underway in refining, petrochemical production and cross-border pipelines. Upcoming refining projects include the first phase of the Cabinda Refinery (30,000 bpd); the Lobito Refinery (200,000 bpd) and the Soyo Refinery (150,000 bpd). The Cabinda Refinery is expected to begin operations in 2025 while Angola is currently seeking $4.8 billion to bridge the financing gap for the Lobito Refinery. Additionally, the country has signed an agreement with Zambia for the development of a 1,400 km pipeline linking the Lobito Refinery to Zambia’s capital city Lusaka. Technical work for the pipeline was completed in 2024.

    In addition to crude facilities, Angola strives to diversify its economy through natural gas projects. The country currently exports natural gas as LNG, primarily through its sole LNG facility in Soyo. Looking ahead, Angola seeks to develop steel and petrochemical manufacturing, while accelerating regional LPG distribution. These developments highlight a unique investment opportunity for global financiers, project developers and traders. Shell Trading & Shipping – with its global network of trading teams, shipping and maritime capabilities – offers an integrated network of supply and distribution abilities, and as such, has emerged as a strong partner for Angola as it strives to bolster exports and regional distribution.

    – on behalf of Energy Capital & Power.

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    MIL OSI Africa

  • MIL-OSI Africa: KZN launches technological tools to curb fraud and wasteful expenditure

    Source: South Africa News Agency

    KwaZulu-Natal Finance MEC Francois Rodgers has unveiled the province’s new digital Supply Chain Management (SCM) system, which aims to reduce wasteful expenditure, fraud, corruption, and bias in government procurement processes.

    Speaking at the official launch in Pietermaritzburg on Tuesday, Rodgers announced that KwaZulu-Natal is the first province in South Africa to implement such system, which is set to be piloted during the management of the province’s R158 billion budget in the 2025/2026 financial year.

    Rodgers acknowledged that the province has experienced numerous challenges linked to manual procurement system, which he described as a major source of irregularities.

    “Generally, the root of fraud, corruption, irregular and wasteful expenditure can be found in our SCM processes. The implementation of a digital procurement system has become a priority,” Rodgers said.

    According to Rodgers, the digital procurement platform implementation may derive in the following benefits:

    •    Enforcing transparency and efficiency in procurement processes. Minimizing supply SCM fraud, corruption, bias, and enabling a fair and just environment for all stakeholders involved.
    •    Replacing all manual submissions and reduce human errors and the creation of audit trails which will foster accountability at all levels.
    •    The electronic system will also foster a culture of openness, empowering suppliers to compete on a level playing field, irrespective of their size or background, whilst ensuring targeted procurement from priority groups. 
    •    Reduction of irregular expenditure through effective planning and contract management.
    •    Compliance with SCM policies and regulations.
    •    The system will allow for budget blocking especially at requisition creation stage.
    •    The system will allow for price bench marking to ensure that the province obtains value for money and negotiates based on market prices.

    Rodgers said the system has been approved by National Treasury, with full implementation expected to take place between January 2026 and April 2027, in the selected departments.

    He said set-up costs are expected to range from R3 million to R5 million, with R20 million already allocated from the funds saved by the MEC through cost-cutting measures and curbing wasteful expenditure.

    Provincial data analysis centre 

    In another first for KwaZulu-Natal, Rodgers announced that the Provincial Treasury will be setting up a Data Analysis Centre, which will allow the analysis of provincial financial data to enable MECs and all departments’ management to make timeous and informed financial decisions.

    Rodgers said the centre will feature a comprehensive financial dashboard, which will allow real-time monitoring of provincial finances by MECs and departmental leadership.

    “This tool will allow us to observe total expenditure and revenue collection to address timeously issues of over-spending and under-collection. The dashboard will also enable provincial government leaders to live-monitor human capital trends in all departments.

    “The dashboard is imperative to the development of an ethical and capable state. It will also aid in the determination of the quantum of accruals (invoices received and not paid), quantum of debts (monies owed to government), whether governance committees are meeting and whether all invoices are paid within 30 days,” Rodgers said.

    He added that through the dashboard, the provincial government will be able to tell the extend of critical vacancy rates across government departments. – SAnews.gov.za

    MIL OSI Africa

  • Vedic chants resonate in Zagreb as PM Modi receives rousing welcome in Croatia

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi received a rousing welcome by the vibrant Indian community in Zagreb as he began his landmark visit to Croatia – the first-ever by an Indian Prime Minister to the country – on Wednesday.

    Zagreb is the last stop on PM Modi’s three-nation tour, which also included visits to Cyprus en route to Canada for Tuesday’s G7 Summit in Kananaskis.

    As a special gesture, the PM was warmly received by his Croatian counterpart Andrej Plenkovic at the Franjo Tudman Airport with a ceremonial welcome.

    “This is a special visit, the first ever by an Indian Prime Minister to a valued European partner. I am grateful to Prime Minister Andrej Plenkovic for the special gesture of welcoming me at the airport,” PM Modi posted on X.

    Plenkovic said that PM Modi’s significant visit comes at a pivotal moment.

    “We welcomed the Indian Prime Minister Narendra Modi to Zagreb! This is the first visit by the Prime Minister of India – the most populous country in the world, and it comes at an important geopolitical moment. We are starting a new chapter in Croatia-India relations and creating the conditions for strengthening bilateral cooperation in a number of areas,” the Croatian Prime Minister commented.

    Members of the Indian diaspora, waiting to catch a glimpse of PM Modi, were seen gathered in huge numbers as the PM’s motorcade drove through the city.

    Hundreds of people, including locals, also gave a grand welcome to PM Modi as he arrived at his hotel.

    Amid chants of “Modi-Modi”, “Bharat Mata Ki Jai” and “Vande Mataram”, PM Modi witnessed vibrant and energy-filled cultural performances from people present at the venue.

    PM Modi joined a group of locals chanting Vedic shlokas and also interacted with a few in the gathering while getting inside the building.

    Citing the centuries-old close cultural links, PM Modi had said before arriving in the country that he is looking forward to his visit and meetings with President Zoran Milanovic and Prime Minister Andrej Plenkovic.

    Prime Minister Modi had asserted that the three-nation tour is also an opportunity to thank partner countries for their steadfast support to India in India’s fight against cross-border terrorism, and to galvanise global understanding on tackling terrorism in all its forms and manifestations.

    Analysts reckon that the first-ever visit by an Indian PM to Croatia will help in fostering stronger political and economic collaboration with Croatia. It will also provide a crucial opportunity to expand bilateral cooperation in various sectors including trade, innovation, defence, ports, shipping, science and tech, cultural exchange, and workforce mobility.

    India and Croatia have close cooperation in trade, investment, defence, agriculture sectors amongst others, and also cooperate in international fora, vibrant cultural exchanges and close people-to-people ties.

    The bilateral trade between both nations stands at about USD 300 million with the Indian investments in Croatia being roughly around USD 48 million.

    Prime Minister Modi briefly interacted with Croatian PM Plenkovic at COP-26 in 2021 and the virtual India-EU Leaders Meeting the same year.

    Former President Ramnath Kovind undertook State Visit to Croatia in March 2019, during which he was conferred with Croatia’s highest civilian honor (‘the Grand Order of the King of Tomislav’).

    India has been well known in Croatia for centuries, and the earliest Croatian visitors to India were missionaries. Links have been found between the Principality of Dubrovnik and Goa, and the Church of Sao Braz was reportedly built by Croatians around 1563 in Goa.

    The Indian community in Croatia has changed over the last three years rapidly due to the demographic situation in Croatia where a lot of foreign workers are being employed for carrying out work in different sectors of the economy.

    There were approximately 17000 Indians residing in Croatia in December 2024. Many of the Indian workers are working on short to medium term contracts and therefore at least 90 per cent of the people currently residing are those who form a part of the mobile population staying in Croatia for a specific contractual period.

    (IANS)

  • MIL-OSI Canada: Contributing to a stronger economy for Newfoundland and Labrador: Canada announces a sustainable increase in Northern cod TAC

    Source: Government of Canada News (2)

    June 18, 2025

    St. John’s, Newfoundland and Labrador – Cod is an important species to Newfoundland and Labrador. Commercial and recreational fishing has shaped the province’s history, economy, and culture.

    Today, the Minister of Fisheries, the Honourable Joanne Thompson, announced management plans for Northern cod (2J3KL) and Capelin (2J3KLPs) for the 2025-26 seasons, reinforcing support for Newfoundland and Labrador’s coastal communities. Recent scientific data and assessments confirm Northern cod has remained stable since 2017 and is at a higher level than previously understood from the 2024 assessment, allowing for a responsible total allowable catch (TAC) increase from 18,000 tonnes (t) to 38,000 t.

    Capelin is a key food source for Northern cod and other species, and plays a significant role in sustaining the marine ecosystem. While Capelin populations are stable, it is anticipated that stocks will decrease to recent average levels. As such, the TAC for Capelin will remain at 14,533 t.   

    To inform future management decisions for the recreational cod fishery – known to Newfoundlanders and Labradorians as the food fishery –  the government will launch public consultations. The goal is to gather input on this fishery, and discuss the distinct differences in the health of the province’s three cod populations. While the stocks on the south and west coasts remain in the Critical Zone, the Northern cod stock status has improved. Recognizing the importance of cod to coastal communities, the management measures for the recreational groundfish fishery will remain unchanged for 2025.

    The government is launching a new voluntary pilot program for tour boat operations certified by Transport Canada, giving them the flexibility to retain fish seven days a week while eliminating the catch-and-release aspect. With the new tagging system, passengers can now keep two groundfish per day.

    As these measures come into effect this season, we remain committed to ongoing assessment, consultation, and adjustments to ensure responsible fisheries management decisions.

    MIL OSI Canada News

  • MIL-OSI: TAB Bank CIO Tami Fisher Honored with Utah Business Executive Excellence Award

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, June 18, 2025 (GLOBE NEWSWIRE) — Tami Fisher, Chief Information Officer at TAB Bank, was named a winner of the Utah Business Executive Excellence Awards for her leadership in driving the bank’s digital transformation and aligning IT strategy with business objectives.

    The Executive Excellence Awards is an annual event celebrating the highest achievements in Utah’s business community. This event highlights members of executive teams for their strategic vision, resilient leadership and profound influence on improving the business landscape and quality of life in the state of Utah.

    Fisher developed and initiated a clear roadmap for the bank’s digital transformation, focusing on operational efficiency, optimizing internal expertise and accelerating innovation to enhance the customer experience. She has prioritized the transition to more modular and flexible services, allowing for faster technology integration and greater adaptability to stay ahead of industry trends and exceed customer expectations.

    “Tami is emblematic of TAB’s vision to build value in all we do through her work at TAB and with her community involvement,” said Austin Strong, CEO of TAB Bank. “Her expertise in leading organizational change and transforming technological infrastructure has made her an effective leader and an indispensable asset. Tami has helped put TAB on a positive technological trajectory to deliver for our clients.”

    Unlike many in the industry, Fisher does not come from a traditional tech background. Her deep knowledge of banking operations and technology management enables her to bridge business and IT—ensuring that tech decisions directly support customer needs and business growth.

    Fisher has partnered with like-minded senior leaders to organize the “Women and Allies at TAB” affinity group, a forum for women at the bank to share experiences, build skills and promote professional growth. She is dedicated to creating an inclusive, supportive environment where employees at all levels can thrive. In addition, she mentors women across the industry through the Silicon Slopes Women in Leadership program, which supports professionals at all stages of their careers.

    Fisher will be featured in the July 2025 issue of Utah Business and honored at an awards luncheon on June 26, 2025, at the University of Utah David Eccles School of Business.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to building value in all we do through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-710-6318
    trevor.morris@tabbank.com

    The MIL Network

  • MIL-OSI: TAB Bank CIO Tami Fisher Honored with Utah Business Executive Excellence Award

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, June 18, 2025 (GLOBE NEWSWIRE) — Tami Fisher, Chief Information Officer at TAB Bank, was named a winner of the Utah Business Executive Excellence Awards for her leadership in driving the bank’s digital transformation and aligning IT strategy with business objectives.

    The Executive Excellence Awards is an annual event celebrating the highest achievements in Utah’s business community. This event highlights members of executive teams for their strategic vision, resilient leadership and profound influence on improving the business landscape and quality of life in the state of Utah.

    Fisher developed and initiated a clear roadmap for the bank’s digital transformation, focusing on operational efficiency, optimizing internal expertise and accelerating innovation to enhance the customer experience. She has prioritized the transition to more modular and flexible services, allowing for faster technology integration and greater adaptability to stay ahead of industry trends and exceed customer expectations.

    “Tami is emblematic of TAB’s vision to build value in all we do through her work at TAB and with her community involvement,” said Austin Strong, CEO of TAB Bank. “Her expertise in leading organizational change and transforming technological infrastructure has made her an effective leader and an indispensable asset. Tami has helped put TAB on a positive technological trajectory to deliver for our clients.”

    Unlike many in the industry, Fisher does not come from a traditional tech background. Her deep knowledge of banking operations and technology management enables her to bridge business and IT—ensuring that tech decisions directly support customer needs and business growth.

    Fisher has partnered with like-minded senior leaders to organize the “Women and Allies at TAB” affinity group, a forum for women at the bank to share experiences, build skills and promote professional growth. She is dedicated to creating an inclusive, supportive environment where employees at all levels can thrive. In addition, she mentors women across the industry through the Silicon Slopes Women in Leadership program, which supports professionals at all stages of their careers.

    Fisher will be featured in the July 2025 issue of Utah Business and honored at an awards luncheon on June 26, 2025, at the University of Utah David Eccles School of Business.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to building value in all we do through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-710-6318
    trevor.morris@tabbank.com

    The MIL Network

  • MIL-OSI Global: Gay Men’s Health Crisis showed how everyday people stepped up when institutions failed during the height of the AIDS epidemic – providing a model for today

    Source: The Conversation – USA – By Sean G. Massey, Associate Professor of Women, Gender and Sexuality Studies, Binghamton University, State University of New York

    GMHC was the world’s first AIDS service organization.
    Sean Massey, CC BY-ND

    The story of the AIDS movement is one of regular people: students, bartenders, stay-at-home mothers, teachers, retired lawyers, immigrants, Catholic nuns, newly out gay men who had just arrived in New York, and many others. Some had lost friends or lovers. Some felt a moral calling. Some were just trying to balance their sexual karma. Many were angry. Most had no medical background or professional credentials – just a sense of urgency, tenacity and an unwillingness to look away.

    When Gay Men’s Health Crisis, the world’s first AIDS service organization, was founded in 1982, it was regular people trying to meet the needs of all people living with AIDS. Its workforce of volunteers provided HIV prevention education as well as physical, emotional and legal support.

    At the start of the epidemic, AIDS was considered a “gay plague,” and to be openly queer was to risk abandonment, eviction, assault or worse. Families disowned their children. Hospitals turned patients away. Funeral homes refused bodies. And many people with AIDS found themselves alone and in need.

    Public officials didn’t just fail to act – they refused to acknowledge that anything was happening at all. Elected leaders such as President Ronald Reagan and Sen. Jesse Helms stoked the moral panic guiding public policy by declaring people with AIDS “perverted human being(s).”

    In 2025, with the Trump administration cutting federal funding for HIV research and support services and restricting protections and services for LGBTQ+ people, studying how everyday people approached the early AIDS crisis provides a model for surviving through innovation, commitment and community.

    Stories informing the present

    “I think 26,000 people died before (Reagan) even bothered to utter the word ‘AIDS,’” said Tim Sweeney, former executive director of Gay Men’s Health Crisis.

    This quote is featured in the GMHC Stories Oral History Project, a collection of over 100 interviews with former volunteers, staff and donors from the first 15 years of the organization. Along with our colleague Julia Haager, we and our team at Binghamton University’s Human Sexualities Lab compiled these interviews. Acquired by the Manuscripts and Archives Division of The New York Public Library, the collection is scheduled to open in fall 2025, showcasing how everyday people responded to the AIDS crisis.

    These stories document how a community presented with a set of circumstances threatening their very existence built a self-sustaining organization to advocate for and provide care to each other outside institutional support. They did this while enduring grief, standing up to external threats and navigating internal tensions.

    The GMHC stood up for the community when other institutions would not.
    Sean Massey, CC BY-ND

    Improvisation for survival

    The work was an ongoing challenge. Organizations dedicated to aiding people affected by AIDS such as Gay Men’s Health Crisis were left to fund their own survival – and defend their right to do the work. When North Carolina Sen. Jesse Helms moved in 1988 to eliminate federal support for AIDS service programs that mentioned homosexuality, it severely limited AIDS prevention efforts nation wide. However, GMHC had the foresight to fund its more explicit education materials with private donations.

    At the beginning of the epidemic, queer New Yorkers and their allies had to improvise new systems of care in the absence of state and federal support. “People often (ask) me, what was the model you worked off of?” said Sweeney. “And I said, there was no model, there was just a muddle. We just made it up the whole time.”

    What they created almost overnight was staggering. “There were over 1,000 volunteers in the agency,” recalled staff member Tom Weber, who started at GMHC as an office volunteer in 1988. “We would have orientations every single week, and they would flood in.”

    One of the most well-known expressions of that volunteer labor was the buddy program, where lay caregivers provided emotional and practical support to people living with AIDS. “A lot of people were not alone in their death because of the work that we did,” said Barbara Danish, who led the buddy program from 1996 to 2002.

    Community members took it upon themselves to educate each other about AIDS.
    AP Photo/Marty Lederhandler

    Education and prevention were also grounded in queer culture and community. Unlike early depictions of AIDS in the media that reduced patients to “vectors” of transmission, it was defiantly sex-positive. “We came up with shit that no one in the world had ever done,” Sweeney said. “Because finally it was gay men saying … we’re going to talk to each other about how to stay safe, healthy and sexy.”

    When that sense of mission extended to emotional survival, humor and unapologetically queer culture were critical to bearing the weight of the work. “Sometimes you just break down and cry for an hour. But that’s how you survive it – by staying authentic to your emotions,” said Tommy Thomson, former director of client programs. She recalled how staff member “Carolotta,” or Carl, would sometimes put condoms and chocolate in a basket and go from office to office, frequently in drag. He would offer either or both to make people feel better. “He’d make you remember that you weren’t alone, and that we all know how hard it is. That’s part of what held you together.”

    Internal tensions

    Although Gay Men’s Health Crisis remained mission-driven, its internal politics were never simple. As it grew in size and national stature, it confronted the limits of its founding identity.

    Founded by, and initially serving, primarily white gay men, GMHC sometimes struggled to adapt to the emerging realities of the epidemic. While AIDS also affected people of color, women and intravenous drug users from the outset, much of the agency’s early prevention and outreach work was designed with gay men in mind.

    By the late 1980s, the increase in AIDS cases among white gay men had begun to plateau, while rates among Black and Latino people, women and IV drug users continued to rise sharply into the next decade. Women and people of color who were deeply embedded in GMHC’s operations nonetheless had to navigate assumptions about whose needs were prioritized – assumptions that often manifested in how resources were allocated and services were designed. As GMHC expanded its outreach to Black and Latino populations, it struggled to be culturally responsive and build trust in communities that had long been underserved and stigmatized.

    Racial disparities in HIV persist.

    As GMHC grew, it became more and more successful in fundraising and visibility, while smaller organizations sometimes struggled to access resources. This led to growing tensions, particularly in communities of color, where local groups feared that GMHC’s expansion would limit funding and undercut their efforts at community-specific approaches to care and prevention. In addition, efforts to address racism, sexism and cultural insensitivity encountered both support and indifference.

    Yet, staff and volunteers continued to push – reshaping messaging, fighting for inclusive programming, and holding conversations about race, gender, power and public health. For staff and volunteers, the agency was a complicated institution that could both empower and marginalize. Its strength, and its struggle, was learning how to expand without losing sight of the legacy and history it was built on.

    A guide for today

    Forty years later, LGBTQ+ people face a new set of crises in a landscape riddled with dangers.

    Trans health care is being banned in multiple states. Book bans and surveillance laws are targeting queer youth. Anti-LGBTQ+ rhetoric is fueling violence and censorship. Funding for HIV prevention and research is disappearing even as new infections persist. Black and brown communities still face disproportionate barriers to health care and housing. Decades of scientific progress and medical discoveries are coming to a halt with funding cuts under the Trump administration.

    Protesters at the Iowa state Capitol in February 2025, demonstrating against a bill that would remove protections based on gender identity from the state civil rights code.
    AP Photo/Charlie Neibergall

    And yet many of the same questions and challenges remain: Who gets left behind when public health systems collapse under political pressure or moral panic? Who will do the work when institutions fail? What does it mean to care for one another in the midst of the wreckage? How do people come together across differences?

    The history of GMHC is more than memory – it is a lesson in the possibility of care, creativity and community, especially in the face of fear and uncertainty today. It shows how people can come together – not just to demand policy change, but to directly meet one another’s needs with whatever resources they have. It is a reminder that mutual aid is powerful; that grief can coexist with joy; and that queer resilience has always included laughter, desire and shared vulnerability. In a time of renewed political backlash and public health failures, GMHC’s story is more than history – it’s a guide. Today, the staff and volunteers at GMHC continue their work to confront the epidemic and uplift the lives of all people affected by AIDS.

    “We’d say to them, ‘You’re just ordinary citizens doing extraordinary things,’” Sweeney said. “And we really meant that.”

    Sean G. Massey was a volunteer and staff member at Gay Men’s Health Crisis (GMHC), the organization that is being discussed in this article, from 1988-1998.

    Casey W. Adrian and Eden Lowinger do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Gay Men’s Health Crisis showed how everyday people stepped up when institutions failed during the height of the AIDS epidemic – providing a model for today – https://theconversation.com/gay-mens-health-crisis-showed-how-everyday-people-stepped-up-when-institutions-failed-during-the-height-of-the-aids-epidemic-providing-a-model-for-today-258139

    MIL OSI – Global Reports

  • MIL-OSI Russia: Alexander Novak: The entrepreneurship sector adapts to new challenges as quickly as possible

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The President and the Government of Russia pay great attention to the development of the SME sector. Over the past few years, its share in GDP has grown by several percent and, according to the latest data, is 21.7%. The key task is to ensure high-quality growth of the sector, an increase in the income of SME workers at a higher rate in relation to GDP growth. Deputy Prime Minister of Russia Alexander Novak said this during the plenary session “The Role of SMEs in Achieving New National Goals” of the St. Petersburg International Economic Forum – 2025.

    According to him, small and medium-sized businesses have demonstrated better adaptation to new challenges and uncertainty compared to other sectors of the economy.

    “SMEs are better adapted to ensure the formation of new transport and logistics chains, to ensure the supply of goods for export and import, the production of necessary products within the framework of import substitution, within the framework of the goals that are set for infrastructural changes in our economy,” noted Alexander Novak.

    This was largely made possible by the successful implementation of the national project to support entrepreneurship: almost every second Russian is employed in SMEs.

    “One of the indicators of the national project was the growth of the number of entrepreneurs to 25 million people. In fact, according to the results of last year, statistics show that more than 29 million people are already working in this sector. This is about 40% of all those employed in the economy,” the Deputy Prime Minister emphasized.

    During his speech, Alexander Novak also outlined the current challenges facing SMEs. Firstly, this is a more active participation in achieving technological leadership and sovereignty, national goals for economic development. Secondly, in the context of historically low unemployment, increased labor productivity will not only resolve the issue of competition, but also increase the efficiency of the economy as a whole. Finally, active integration of digital technologies will allow more efficient solutions to be introduced into production processes.

    The updated support measures within the current federal project will facilitate business development. Their fine-tuning by the Ministry of Economic Development took into account the life cycle of small and medium-sized businesses.

    “For start-up businesses, these are microloans; it is planned to attract 1.6 trillion rubles by 2030. For mature companies, this is targeted provision of loans, umbrella guarantees of the SME Corporation. For businesses that are ready to enter the public market and attract investment, the state provides support in the form of subsidizing the costs of preparing for an IPO,” noted Alexander Novak, adding that the “traditional” business support infrastructure will also be developed: the digital platform “MSP.RF”, regional centers “My Business”, industrial and technology parks.

    The need for entrepreneurs to keep up with current business development trends and actively implement the practice of working on digital platforms was also confirmed by the Minister of Economic Development of Russia Maxim Reshetnikov.

    “The merger of the Growth Platform program and the My Business centers will allow entrepreneurs to be trained in modern trends. The world is changing so quickly that it is important to move forward, not to catch up,” the head of the Ministry of Economic Development emphasized.

    The session was also attended by the Minister of Industry and Trade of the Kingdom of Bahrain Abdullah Adel Abdullah Fakhro, the founder of Wildberries, head of RWB Tatyana Kim, the president of the All-Russian public organization of small and medium-sized businesses “Opora Rossii” Alexander Kalinin, entrepreneurs who shared their experience of doing business.

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

    MIL OSI Russia News

  • MIL-OSI USA: SEC Announces Departure of David Saltiel

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today announced that David Saltiel, who has served as Acting Director of the Division of Trading and Markets, will depart the agency effective July 4, 2025. He has served as Acting Director since December 2024, and he also did so for several months in 2021.

    “I want to thank David for his wise counsel since I became Chairman, and he has been a critical member of the Division’s leadership team for nearly a decade,” said Chairman Paul S. Atkins. “Throughout his career at the SEC, David’s steady leadership has clearly demonstrated his commitment to the core mission of the agency, the highest ethical standards, a dedication to rigorous data-driven policymaking, and a strategic mindset. David’s contributions have made our markets stronger. The SEC will lose an outstanding resource; nevertheless, I wish him the very best in his next pursuits.”

    “David’s reputation as a technical expert who cares deeply about investor protection and fair and orderly markets has been well-earned,” said Commissioner Caroline Crenshaw. “David has consistently been a source of well-researched, principled, and balanced insights for Commissioners.”

    Mr. Saltiel has made critical contributions to a wide range of policy issues including equity, fixed-income, Treasury, and derivatives market structure topics, key transparency and disclosure initiatives such as the recent amendments to Rule 605, efforts to ensure that investors are protected from market manipulation, fostering competition among trading and listing markets, and the use of emerging technologies such as artificial intelligence by market participants. In addition, Mr. Saltiel has significantly enhanced the Commission’s ability to monitor the health and operations of markets, improved key data and analysis platforms, and worked tirelessly to more closely integrate empirical analysis into the Commission’s policymaking process. During his tenure, Mr. Saltiel was consistently recognized for his work, including with the Commission’s Excellence in Leadership Award in 2020.

    “David’s departure is a loss for the Commission, but he leaves the Division a legacy of culture and capabilities that will benefit our team for years to come. We are grateful and with him all the best,” said Jamie Selway, the newly appointed Director of the Division of Trading and Markets.

    “I want to thank Chairman Atkins, all the Commissioners, and my colleagues in the Division as well as across the SEC,” said Mr. Saltiel. “The staff in the Division are smart and dedicated people of integrity. It’s been an honor to work with them and learn from them. I will miss the interesting and critical work of the Commission.”

    In addition to his time serving as the Acting Director of the Division of Trading and Markets in 2025 and 2021, Mr. Saltiel served as a Deputy Director of the Division since November 2021 and Associate Director of the Division’s Office of Analytics and Research since 2016. Mr. Saltiel came to the SEC from the Municipal Securities Rulemaking Board where he was that organization’s first Chief Economist. Prior to that, Mr. Saltiel has held roles in the public and private sector facilitating growth and innovation in capital markets and energy infrastructure.

    He received his undergraduate degree from Williams College and earned his master’s degree in economics from St. Antony’s College at the University of Oxford.

    MIL OSI USA News

  • MIL-OSI USA: SEC Announces Departure of David Saltiel

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission today announced that David Saltiel, who has served as Acting Director of the Division of Trading and Markets, will depart the agency effective July 4, 2025. He has served as Acting Director since December 2024, and he also did so for several months in 2021.

    “I want to thank David for his wise counsel since I became Chairman, and he has been a critical member of the Division’s leadership team for nearly a decade,” said Chairman Paul S. Atkins. “Throughout his career at the SEC, David’s steady leadership has clearly demonstrated his commitment to the core mission of the agency, the highest ethical standards, a dedication to rigorous data-driven policymaking, and a strategic mindset. David’s contributions have made our markets stronger. The SEC will lose an outstanding resource; nevertheless, I wish him the very best in his next pursuits.”

    “David’s reputation as a technical expert who cares deeply about investor protection and fair and orderly markets has been well-earned,” said Commissioner Caroline Crenshaw. “David has consistently been a source of well-researched, principled, and balanced insights for Commissioners.”

    Mr. Saltiel has made critical contributions to a wide range of policy issues including equity, fixed-income, Treasury, and derivatives market structure topics, key transparency and disclosure initiatives such as the recent amendments to Rule 605, efforts to ensure that investors are protected from market manipulation, fostering competition among trading and listing markets, and the use of emerging technologies such as artificial intelligence by market participants. In addition, Mr. Saltiel has significantly enhanced the Commission’s ability to monitor the health and operations of markets, improved key data and analysis platforms, and worked tirelessly to more closely integrate empirical analysis into the Commission’s policymaking process. During his tenure, Mr. Saltiel was consistently recognized for his work, including with the Commission’s Excellence in Leadership Award in 2020.

    “David’s departure is a loss for the Commission, but he leaves the Division a legacy of culture and capabilities that will benefit our team for years to come. We are grateful and with him all the best,” said Jamie Selway, the newly appointed Director of the Division of Trading and Markets.

    “I want to thank Chairman Atkins, all the Commissioners, and my colleagues in the Division as well as across the SEC,” said Mr. Saltiel. “The staff in the Division are smart and dedicated people of integrity. It’s been an honor to work with them and learn from them. I will miss the interesting and critical work of the Commission.”

    In addition to his time serving as the Acting Director of the Division of Trading and Markets in 2025 and 2021, Mr. Saltiel served as a Deputy Director of the Division since November 2021 and Associate Director of the Division’s Office of Analytics and Research since 2016. Mr. Saltiel came to the SEC from the Municipal Securities Rulemaking Board where he was that organization’s first Chief Economist. Prior to that, Mr. Saltiel has held roles in the public and private sector facilitating growth and innovation in capital markets and energy infrastructure.

    He received his undergraduate degree from Williams College and earned his master’s degree in economics from St. Antony’s College at the University of Oxford.

    MIL OSI USA News

  • MIL-OSI Global: G20 countries could produce enough renewable energy for the whole world – what needs to happen

    Source: The Conversation – Global Perspectives – By Sven Teske, Prof. Dr. | Research Director, Institute for Sustainable Futures, University of Technology Sydney

    The world’s most developed economies have also burnt the most oil and coal (fossil fuels) over the years, causing the most climate change damage. Preventing further climate change means a global fossil fuel phase-out must happen by 2050. Climate change mitigation scientists Sven Teske and Saori Miyake analysed the potential for renewable energy in each of the G20 countries. They concluded that the G20 is in a position to generate enough renewable energy to supply the world. For African countries to benefit, they must adopt long term renewable energy plans and policies and secure finance from G20 countries to set up renewable energy systems.

    Why is the G20 so important in efforts to limit global warming?

    The G20 group accounts for 67% of the world’s population, 85% of global gross domestic product, and 75% of global trade. The member states are the G7 (the US, Japan, Germany, the UK, France, Italy, Canada), plus Australia, China, India, Indonesia, Republic of Korea, Russia, Türkiye, Saudi Arabia, South Africa, Mexico, Brazil and Argentina.

    We wanted to find out how G20 member states could limit global warming. Our study examined the solar and wind potential for each of G20 member countries (the available land and solar and wind conditions). We then compared this with projected electricity demands for 2050. This is, to our knowledge, the first research of its kind.




    Read more:
    G20 is too elite. There’s a way to fix that though – economists


    We found that the potential for renewable energy in G20 countries is very high – enough to supply the projected 2050 electricity demand for the whole world. They have 33.6 million km² of land on which solar energy projects could be set up, or 31.1 million km² of land on which wind energy projects could be set up.

    This potential varies by geography. Not all G20 countries have the same conditions for generating solar and wind energy, but collectively, the G20 countries have enough renewable energy potential to supply the world’s energy needs.

    But for the G20 countries to limit global warming, they also need to stop emitting greenhouse gases. Recent figures show that the G20 countries were responsible for generating 87% of all energy-related carbon dioxide emissions that cause global warming.

    On the other hand, African Union countries (apart from South Africa, which is a high greenhouse gas emitter), were responsible for only 1.2% of the global total historical emissions until 2020.

    The G20 countries with the highest renewable energy potential (especially Australia and Canada) are major exporters of the fossil fuels that cause global warming. Along with every other country in the world, the G20 nations will need to end their human-caused carbon emissions by 2050 to prevent further climate change.

    Where does Africa fit into the picture?

    African countries cannot set up new electricity plants based on burning fossil fuels, like coal. If they do that, the world will never end human-caused greenhouse gas emissions by 2050. The continent must generate electricity for the 600 million Africans who do not currently have it but will need to move straight past fossil fuels and into renewable energy.

    For this, Africa will need finance. The African Union hosts the G20 summit later this year. This meeting begins just after the world’s annual climate change conference (now in its 30th year and known as COP30). These two summits will give Africa the chance to lobby for renewable energy funding from wealthier nations.

    Africa already has the conditions needed to move straight into renewable energy. The continent could be generating an amount of solar and wind power that far exceeds its projected demand for electricity between now and 2050.

    We are launching an additional analysis of the solar and wind potential of the entire African continent in Bonn, Germany on 19 June 2025 at a United Nations conference. This shows that only 3% of Africa’s solar and wind potential needs to be converted to real projects to supply Africa’s future electricity demand.




    Read more:
    Africa’s power pools: what the G20 can do to help countries share electricity


    This means that Africa has great untapped potential to supply the required energy for its transition to a middle-income continent – one of the African Union’s goals in Agenda 2063, its 50 year plan.

    But to secure enough finance for the continent to build renewable energy systems, African countries need long-term energy policies. These are currently lacking.

    So what needs to be done?

    The countries who signed up to the 2015 international climate change treaty (the Paris Agreement) have committed to replacing polluting forms of energy such as coal, fuelwood and oil with renewable energy.

    South Africa, through its G20 presidency, must encourage G20 nations to reduce their greenhouse gas emissions and support renewable energy investment in Africa.




    Read more:
    Fossil fuels are still subsidised: G20 could push for the funds to be shifted to cleaner energy


    Because financing the global energy transition is already high on the priority list of most countries, South Africa should push for change on three fronts: finance, sound regulations and manufacturing capacity for renewable technologies. These are the among the main obstacles for renewables, particularly in Africa.

    Finance: Financing the energy transition is among the highest priorities for COP30. Therefore, the COP30 meeting will be an opportunity for the African Union to negotiate finance for its renewable energy infrastructure needs.

    For this, fair and just carbon budgets are vital. A carbon budget sets out how much carbon dioxide can still be emitted in order for the global temperature not to rise more than 2°C higher than it was before the 1760 industrial revolution.

    A global carbon budget (the amount of emissions the whole world is allowed) has been calculated, but it needs to be divided up fairly so that countries that have polluted most are compelled to limit this.

    To divide the global carbon budget fairly, energy pathways need to be developed urgently that consider:

    • future developments of population and economic growth

    • current energy supply systems

    • transition times for decarbonisation

    • local renewable energy resources.

    The G20 platform should be used to lobby for fair and just carbon budgets.




    Read more:
    Wealthy nations owe climate debt to Africa – funds that could help cities grow


    Sound regulations that support the setting up of new factories: Governments must put policies in place to support African solar and wind companies. These are needed to win the trust of investors to invest in a future multi-billion dollar industry. Long-term, transparent regulations are needed too.

    These regulations should:

    • say exactly how building permits for solar and wind power plants will be granted

    • prioritise linking renewable energy plants to national electricity grids

    • release standard technical specifications for stand-alone grids to make sure they’re all of the same quality.

    Taking steps now to speed up big renewable energy industries could mean that African countries end up with more energy than they need. This can be exported and increase financial income for countries.

    Sven Teske receives funding from the European Climate Foundation and Power Shift Africa (PSA).

    Saori Miyake receives funding from European Climate Foundation and Power Shift Africa.

    ref. G20 countries could produce enough renewable energy for the whole world – what needs to happen – https://theconversation.com/g20-countries-could-produce-enough-renewable-energy-for-the-whole-world-what-needs-to-happen-258463

    MIL OSI – Global Reports

  • MIL-OSI Global: Southeast Asian nations look to hedge their way out of troubled waters in the South China Sea

    Source: The Conversation – Global Perspectives – By John Rennie Short, Professor Emeritus of Public Policy, University of Maryland, Baltimore County

    A Philippine coast guard vessel patrols near Pagasa, part of the Spratly Islands in the disputed South China Sea. Daniel Ceng/Anadolu via Getty Images

    The South China Sea has long been a bubbling geopolitical hot spot. Recently, a series of moves by the various nations claiming a stake in the waters has stirred up yet more trouble.

    Malaysia has of late reaffirmed its commitment to oil and gas exploration in waters claimed by China while quietly building up its military on the islands off Borneo.

    Meanwhile, Chinese coast guard vessels have deployed water cannons against Filipino fishing boats. And the accidental grounding of a Chinese boat in shallow waters around the Philippines’ Thitu Island on June 8, 2025, was enough to put Filipino forces on alert.

    Vietnam, too, has been active in the disputed waters. A Beijing-based think tank on June 7 flagged that Vietnamese engineers had been busy reclaiming land and installing military-related ports and airstrips around the Spratly Islands.

    What the three Southeast Asian nations of Vietnam, the Philippines and Malaysia have in common is that they, along with others in the region, are trying to navigate a more assertive China at a time when the U.S. policy intentions under the second Trump Administration are fluid and hard to read. And in lieu of a coordinated response from the regional body Association of Southeast Asian Nations, or ASEAN, each member nation has been busy charting its course in these choppy waters.

    US-China relations all at sea

    Why is China trying to assert control in the South China Sea? In a 2023 speech, President Xi Jinping noted that “Western countries led by the United States have implemented all round containment, encirclement and suppression of China.”

    This fear has been long held in Beijing and was reinforced by a U.S. Indo-Pacific policy announced in 2011 of rebalancing military forces away from Europe and toward Asia to confront China.

    In response, China has in recent years embarked on an ambitious policy of attempting to outmuscle U.S. naval power in the South China Sea.

    China is now the world’s leading builder of naval vessels and is estimated to have 440 battleships by 2030, compared with the United States’ 300.

    And it comes at a time when U.S. naval power is spread around the world. China’s, meanwhile, is concentrated around the South China Sea where, since 2013, Chinese vessels have pumped sand onto reefs, turning them into islands and then weaponizing them.

    Satellite imagery shows the Fiery Cross Reef in the South China Sea, part of the Spratly Islands group, being built by Chinese dredges.
    Maxar via Getty Images

    Then there is the activity of China’s maritime militia of approximately 300 nominally fishing boats equipped with water cannons and reinforced hulls for ramming. This so-called gray zone fleet is increasingly active in confronting Southeast Asia nations at sea.

    The U.S. response to China’s militarization in the sea has been through so-called “freedom of navigation” exercises that often deploy carrier groups in a show of force. But these episodic displays are more performative than effective, doing little to deter China’s claims.

    The U.S. has also strengthened military alliances with Australia, India, Japan and the Philippines, and has increased coast guard cooperation with the Philippines and Japan.

    A fleet from the U.S. Navy patrolling the Pacific Ocean.
    Sean M. Castellano US Navy via Getty Images

    The sea is a valuable resource

    Yet the battle over control of the South China Seas is more than just geopolitical posturing between the two superpowers.

    For adjoining countries, the sea is a valuable biological resource with rich fishing grounds that provide a staple of fish protein for close to 2 billion people. There are estimates of 190 trillion cubic feet of natural gas and 11 billion barrels of oil.

    The U.N. Convention on the Law of the Sea, or UNCLOS, guarantees a nation an exclusive economic zone (EEZ) of 200 nautical miles from around its coastline.

    China is a signatory of the UNCLOS. Yet it views ownership of the South China Sea through the lens of its nine-dash line, a reference to the boundary line that Beijing has invoked since 1948. While the claim has no legal or historical basis, the delineation makes major incursions into waters around Vietnam, the Philippines and Malaysia and, to a lesser extent, Brunei and Indonesia as well.

    Despite China’s expansive claim to the South China Sea being dismissed in 2016 by the international Permanent Court of Arbitration, Beijing continues to assert its claim.

    Hedging positions

    As I explore in my recent book “Hedging and Conflict in the South China Sea,” part of the problem Southeast Asian nations face is that they have failed to forge a unified position.

    ASEAN, the regional bloc representing 10 nations in Southeast Asia, has long been governed by the principle that major decisions need unanimous agreement. China is a major trading partner to ASEAN nations, so any regional country aligning too close to the U.S. comes with the real risk of economic consequences. And two ASEAN members, Cambodia and Laos, are especially close to China, making it difficult to generate a unified ASEAN policy that confronts China’s maritime claim.

    Instead, ASEAN has promoted a regional code of conduct that effectively legitimizes China’s maritime claims, fails to mention the 2016 ruling and ignores the issue of conflicting claims.

    Further complicating a united front against China is the competing claims among ASEAN nations themselves to disputed islands in the South China Sea.

    In lieu of a coordinated response, Southeast Asian nations have instead turned to hedging — that is, maintaining good relationships with both China and the U.S. without fully committing to one or other.

    A balancing act for Vietnam, Malaysia and the Philippines

    Malaysia’s approach sees its government partition off the South China Sea dispute from its overall bilateral ties with China while continuing to promote an ASEAN code of conduct.

    Until recently, Malaysia’s oil and gas activities were well within Malaysia’s EEZ and not far enough out to fall into China’s nine-dash claim.

    But as these close-to-shore fields become exhausted, subsequent exploration will need to extend outward and into China’s nine-dash claim, putting Malaysia’s dealings with China under pressure.

    China’s nine-dash line claims a significant amount of Vietnam’s EEZ, and the contested maritime area is a source of friction between the two countries; China’s maritime militia regularly harasses Vietnamese fishermen and disrupts drilling operations in Vietnam’s EEZ .

    But Vietnam has to tread carefully. China plays a significant role in the Vietnamese economy as a major destination of exports and an important provider of foreign investment. China also has the ability to dam the Mekong River upstream of Vietnam — something that would disrupt agricultural production.

    As a result, Vietnam’s hedging involves a careful calibration to avoid angering China. However, part of Vietnam’s heavy hedging involves the promotion of the South China Sea dispute as a core issue for domestic public opinion, which limits the Vietnamese government’s ability to offer concessions to China.

    A Philippine coast guard ship and fishing boats are seen in El Nido, Palawan, Philippines, on May 26, 2025.
    Daniel Ceng/Anadolu via Getty ImagesDaniel Ceng/Anadolu via Getty Images

    China’s nine-dash claim also includes a wide swath of the Philippines’ EEZ.

    The Philippines has zigzagged in its dealings with China. The presidencies of Gloria Macapagal Arroyo (2001–2010) and Rodrigo Duterte (2016-2022) pursued a pro-China tack that downplayed Filipino claims in the South China Sea. Presidents Benigno Aquino (2010-2016) and Ferdinand “Bongbong” Marcos Jr. (2022-present), in contrast, have given U.S. forces greater access to its maritime bases and mobilized national and international opinion in favor of its claims.

    Since coming to power, Marcos has also pursued even closer naval ties with the U.S.. But this has come at a cost: China now views the Philippines as a U.S. ally. As such, Beijing sees little to be gained by pulling back from its assertive activity in and around its waters.

    The future

    In the shadow of two major powers battling for power in the South China Sea, Southeast Asian nations are making the best of their position along a geopolitical fracture line by advancing their claims and interests while not overly antagonizing a more assertive China or losing the support of the U.S.

    This may work to tamp down tensions in the South China Sea. But it is a fluid approach not without risk, and it could yet prove to be another source of instability in a geopolitically contested and dangerous region.

    John Rennie Short received funding from Fulbright Foundation

    ref. Southeast Asian nations look to hedge their way out of troubled waters in the South China Sea – https://theconversation.com/southeast-asian-nations-look-to-hedge-their-way-out-of-troubled-waters-in-the-south-china-sea-257092

    MIL OSI – Global Reports

  • MIL-OSI China: China unveils measures to build Shanghai into international financial center

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

    BEIJING, June 18 — China’s Shanghai will basically evolve into an international financial center that matches the country’s overall strength and global influence over the next five to ten years, according to a recent official guideline.

    The eastern metropolis is expected to see remarkable improvements in the adaptability, competitiveness and inclusiveness of its modern financial system, and its functions as a financial opening-up hub will be significantly strengthened, according to the guideline on support measures for accelerating the building of Shanghai into an international financial center issued by the Central Financial Commission.

    To achieve the goals, the guideline emphasizes the importance of developing Shanghai’s financial market, calling on the sci-tech innovation board of the Shanghai Stock Exchange to play a more important and inclusive role in promoting hard technology. The guideline also stresses supporting the Shanghai Futures Exchange in its evolution into a world-class exchange.

    Shanghai will work to attract a diverse range of legal entities and branches from both domestic and international major financial institutions, as well as licensed specialized institutions. The city will foster and draw in robust, regulated financial holding companies and encourage the establishment of international financial organizations, according to the guideline.

    While building a globally leading financial infrastructure system, the city will strengthen the development of the cross-border RMB payment and settlement systems. It will steadily expand institutional opening up in the financial sector and fully align itself with international trade and economic standards.

    Additionally, Shanghai will advance the development of green finance standards in line with international practices, and participate in international cooperation on green finance. The city will also strive to ensure financial security amid its opening-up efforts by utilizing technologies such as blockchain, big data and artificial intelligence, according to the guideline.

    To implement the guideline, the National Financial Regulatory Administration and the Shanghai municipal government have issued an action plan, which introduced a series of measures aimed at enhancing the competitiveness and influence of Shanghai as an international financial center. These measures encompass areas such as improving financial services, expanding institutional opening up, and strengthening financial regulations.

    MIL OSI China News

  • MIL-OSI Russia: Russian-South African negotiations.

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The meeting took place as part of the working visit of the Vice President of the Republic of South Africa Paul Mashatile to the Russian Federation.

    M. Mishustin: Good afternoon, dear Mr. Mashatile! Dear friends!

    Welcome to the Government House of the Russian Federation. I know that this is your first visit to the Russian Federation as Vice President of South Africa, although you have been to Russia several times before. And I would like to welcome you personally and your delegation to Moscow, to the Russian Federation.

    We highly value the trusting and meaningful dialogue with the Republic of South Africa. Russian President Vladimir Vladimirovich Putin and South African President Mr. Ramaphosa are in constant contact – both bilaterally and at international venues. And, of course, first and foremost in the BRICS association.

    We attach great importance to expanding cooperation with the Republic of South Africa. It is based on the principles of a comprehensive strategic partnership, mutual respect and consideration of each other’s interests.

    Through governments, we ensure the implementation of agreements between the leaders of Russia and South Africa on expanding cooperation. We are talking (we have already briefly exchanged opinions) about industry, energy, agriculture, the digital economy and, of course, humanitarian cooperation.

    We propose to work out new cooperation projects in a mixed intergovernmental committee. On the Russian side, it is headed by the Minister of Natural Resources and Environment Alexander Kozlov.

    In addition to Moscow, I know that you plan to visit St. Petersburg and take part in the St. Petersburg International Economic Forum. It is very important that the forum will host a special session on the development of business and investment cooperation between Russia and South Africa. I am confident that this will contribute to the restoration of business contacts, the emergence of new ideas and initiatives that will strengthen our cooperation.

    A few words about the humanitarian sphere. We are interested in cooperation here too, of course. First of all, in the area of personnel training. South African citizens study at leading Russian universities. They choose sought-after professions of engineers, doctors, and IT specialists. We are happy about this. We consider it very important to hold joint events in the field of culture and art on a regular basis. Last year, the Days of Russian Spiritual Culture were held in South Africa for the first time. And this year we will hold a Festival of Russian Culture.

    Dear Mr. Mashatile, I am ready to discuss with you the most important issues of cooperation between Russia and South Africa.

    To be continued…

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: SCST visits Shanghai (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Culture, Sports and Tourism, Miss Rosanna Law, visited Shanghai today (June 18). In the morning, she went to the Shanghai Museum on People’s Square and was given a guided tour of a well-received exhibition, “On Top of the Pyramid: The Civilization of Ancient Egypt”. During her visit, Miss Law met with Deputy Director of the Shanghai Museum Mr Huang He. She thanked the Shanghai Museum for its support of Hong Kong over the years, while Mr Huang shared experiences in developing and designing creative products. Miss Law said Hong Kong could learn a lot from the Shanghai Museum in developing cultural and creative industries. Miss Law expressed hope that the Hong Kong Special Administrative Region Government (HKSARG) and the Shanghai Museum will strengthen their cultural co-operation in the future, contributing cultural content to the country’s modernisation and promoting cultural prosperity.
     
         After that, Miss Law called on the Director of the Shanghai Administration of Sports, Mr Xu Bin, and had a working lunch together, during which she shared with him Hong Kong’s progress and achievements in promoting sports development. Mr Xu said there is huge room for developing culture, sports and tourism, while sports exchanges serve as a bridge between the two places and can also boost economic and social developments. Miss Law said that Hong Kong, China athletes achieved excellent results in international competitions in recent years, which helps lift citizens’ interests in sports and support for athletes. Miss Law added that Hong Kong is preparing at full steam for the 15th National Games and the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games to be cohosted with Guangdong and Macao this November and December. Through today’s exchange, Miss Law said she hopes to learn from Shanghai’s experiences in hosting same events and further improve the preparatory work.
     
         In the afternoon, Miss Law visited the Memorial Hall of the First National Congress of the Communist Party of China and met with the Secretary of the Party Committee and Director of the Memorial, Mr Xue Feng. The Memorial is the site of the First National Congress of the Communist Party of China (CPC) held in 1921, in which the founding of the CPC was announced, bearing great significance. Noting that the HKSARG is setting up a museum to introduce the country’s developments and achievements and preparing exhibitions related to the 80th anniversary of the victory of the Anti-Japanese War, Miss Law said the visit was arranged intentionally to seek guidance, with an aim to make better preparations for the relevant projects in the future.
     
         In the evening, Miss Law attended the opening ceremony and dinner of WestK Shanghai Week 2025. Speaking at the event, she said that Hong Kong and Shanghai are connected by blood and share common traits, as they are both exemplars of the fusion of Eastern and Western cultures and dazzling Pearls of the Orient. The two places actively deepen international exchanges and co-operations in areas of economy, culture and globalisation, serving as pioneers in the great rejuvenation of the Chinese nation.
     
         Miss Law also said, “The West Kowloon Cultural District (WKCD) is an important cultural infrastructure investment of the HKSARG. After many years of development, the WKCD has transformed from a blueprint into reality today and become one of the largest cultural hubs in the world, featuring performing arts venues with our country’s staunch support. The Hong Kong Palace Museum, which opened in 2022, and the M+ museum, which commenced operation in 2021, have become world-class museums blending traditional and contemporary arts and cultures.”
     
         “The West Kowloon Cultural District Authority (WKCDA) kick-started WestK Shanghai Week today. It is the first time a series of exhibitions and performing arts programmes and cultural exchange activities have been brought outside Hong Kong. It is not only an important milestone of the HKSARG driving top-notch arts, cultural and creative programmes to go global, but also showcases Hong Kong’s diverse arts achievements and further attracts local and overseas visitors to experience Hong Kong’s vibrancy and appeal firsthand,” Miss Law added.
     
         Supporting organisations of WestK Shanghai Week 2025 include the Shanghai Municipal Administration of Culture and Tourism, the Hong Kong and Macao Affairs Office of the Shanghai Municipal People’s Government, the Culture, Sports and Tourism Bureau of the HKSARG, and the Hong Kong Economic and Trade Office in Shanghai of the HKSARG.
     
         This morning, Miss Law visited the “WestK x MANNER” limited-edition art collaboration themed store, jointly rolled out by the WKCDA and Shanghai’s beloved coffee brand MANNER COFFEE. The store invited Hong Kong’s renowned illustrator Don Mak to craft exclusive designs inspired by the Victoria Harbour skyline, WKCD panoramas and iconic Hong Kong urban motifs, demonstrating the creative charm of integrating culture, creative industry and tourism.
     
         Upon arrival yesterday (June 17), Miss Law had a working lunch with representatives of the management of Shanghai Shendi Group to exchange information on the latest tourism situation in Shanghai and Hong Kong. She also visited the Shanghai Disney Resort to learn about its operation and development. Miss Law said that the Shanghai Disney Resort and the Hong Kong Disneyland Resort are iconic attractions in the two places, which play vital roles in driving regional tourism and economic development.
     
         Miss Law will depart from Shanghai for Hong Kong tonight.

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: Transport Secretary draws line under HS2 ‘mismanagement’ with bold reset plan

    Source: United Kingdom – Government Statements

    Press release

    Transport Secretary draws line under HS2 ‘mismanagement’ with bold reset plan

    All recommendations from the James Stewart review into HS2 to be accepted by government as Mike Brown takes over as HS2 Ltd Chair.

    • report reveals historic mishandling, lack of ministerial oversight and inadequate control of the project from HS2 Ltd
    • all recommendations to be accepted to grip failing HS2 project and get it back on track
    • new HS2 Ltd Chair Mike Brown appointed as progress made on resetting project

    The Transport Secretary has today (18 June 2025) announced that she will accept all recommendations from the landmark James Stewart review to address years of mismanagement and restore public trust in HS2.

    First commissioned by the government in October last year, the report sets out evidence of the historic mishandling of HS2 including a lack of ministerial oversight and scrutiny, inadequate control of the project by HS2 Ltd and a lack of effective incentives with the supply chain, which will collectively cost the taxpayer billions more than planned. 

    In a statement to Parliament, the Secretary of State condemned the ‘litany of failure’ that has plagued HS2, citing spiralling costs, ineffective oversight and broken promises.

    Without action, Phase 1 alone risks becoming one of the most expensive railway lines in the world – with costs ballooning by £37 billion and £2 billion wasted on cancelled Phase 2 works.

    That’s why since entering office, the government has taken decisive action to get back control of HS2 including: appointing new leadership to reset the project, commissioning the James Stewart review, reducing financial delegations to HS2 Ltd, limiting what the company can do without government approval to place a lid on spiralling costs until the reset is complete and providing £25 billion in the recent Spending Review to support all of this work.

    Speaking from the House of Commons earlier this afternoon, the Transport Secretary set out how the department is already delivering on Mr Stewart’s 5 key recommendations: 

    • Lack of effective ministerial oversight – the HS2 taskforce has been re-established with full senior official and ministerial attendance, offering much-needed oversight and accountability.
    • Stricter cost control – the department is ensuring HS2 Ltd and its suppliers negotiate incentives that ensure cost savings for taxpayers.
    • Lack of capability, skills and trust – the Chief Executive of HS2 Ltd, Mark Wild, is instilling a new era of leadership, reforming the organisation with a focus on building the rest of the railway safely and at the lowest reasonable cost. Wild has previous experience in this, having turned the delayed and over-budget Elizabeth line into one of the most successful and celebrated new operating railways in the world.
    • Lack of clarity on Euston station – the government has already committed funding to start the tunnelling from Old Oak Common to Euston and further detail on delivery of the station will be set out in due course.
    • Lessons for the wider transport portfolio – the government is committing to learning the lessons of the past 15 years to delivering infrastructure differently across its projects, with more to be set out in the upcoming 10-Year Infrastructure Strategy.

    The Prime Minister has asked the Cabinet Secretary to consider the implications for the Civil Service and wider public sector of the issues raised in the report, including whether further action or investigation is warranted.

    The Transport Secretary confirmed that Mike Brown will be taking over as HS2 Ltd Chair, working alongside CEO Mark Wild to deliver a programme reset, including reviewing the costs and schedule, renegotiating HS2’s large construction contracts and reviewing HS2 Ltd’s skills and structure. The Transport Secretary has asked Mark Wild to be ready to provide an update on revised costs and delivery timescales at the end of the year.

    He brings decades of experience to the role, having previously delivered major projects such as the successful delivery of London Underground and mainline rail for the Olympic and Paralympic Games in 2012, and a multi-billion pound investment programme on London’s roads, rail and cycling network. 

    Transport Secretary Heidi Alexander said:

    This must be a line in the sand. This government is delivering HS2 from Birmingham to London after years of mismanagement, flawed reporting and ineffective oversight.  

    Mark Wild and Mike Brown were part of the team, with me, that turned Crossrail into the Elizabeth Line – we have done it before, we will do it again.

    Passengers and taxpayers deserve new railways the country can be proud of and the work to get HS2 back on track is firmly underway. 

    The initial assessment of the newly appointed CEO, Mark Wild was also published today, reiterating that the overall project in terms of cost, schedule and scope is unsustainable. Due to the scale of the mismanagement of the project, it set out that there is no route by which trains can be running by 2033 as previously planned and warns that costs would continue to increase if not taken in hand. The Transport Secretary accepted this conclusion.

    HS2 is supporting over 33,000 jobs and over 3,400 UK businesses across all UK nations and regions. Over 44 miles of tunnels have been completed to date and the 2.1-mile deck of the Colne Valley Viaduct, the UK’s new longest railway bridge, was completed in September 2024. 

    HS2 will deliver high-speed rail services between London and the West Midlands, providing much-needed extra capacity between London and Birmingham and delivering faster and more reliable trains from London to Manchester, Liverpool and Scotland. Research estimates that HS2 will be responsible for the generation of £10 billion and 30,000 new jobs in the West Midlands, as well as £10 billion and over 18,000 new jobs in west London.

    HS2 and major projects media enquiries

    Media enquiries 0300 7777 878

    Switchboard 0300 330 3000

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Resetting the High Speed Two (HS2) programme

    Source: United Kingdom – Government Statements

    Oral statement to Parliament

    Resetting the High Speed Two (HS2) programme

    A statement outlining the future of High Speed Two (HS2), including new management and a bold reset plan.

    Mr Speaker, with permission, I’d like to make a statement on HS2.

    As a London Councillor over 15 years ago, I remember hearing the then Labour government’s bold plans for high-speed rail.

    To link our major cities, to address the capacity needs of the future and in the words of then Prime Minister, Gordon Brown: ‘to join the high-speed revolution sweeping the world’.

    It was a vision of a confident nation, a clear signal our great towns and cities in the Midlands and the North.

    With potential that had been untapped at best and ignored at worst, could be places of opportunity and aspiration again.

    That was the promise of HS2.

    Inheritance

    But after [political redaction].

    Routes drawn up then cancelled, budgets calculated then blown, promises made then broken, we inherited a project that had lost the trust of the public.

    That created an image of a Britain woefully unable to deliver big infrastructure projects. And that axed swathes of the country it was originally meant to serve.

    Phase 1 could end up becoming one of the most expensive railway lines in the world.

    With projected costs soaring by £37 billion [political redaction]. And £2 billion of taxpayers’ money sunk into phase 2 work before it was cancelled by the previous government.

    There was also clear evidence of poor management [political redaction].

    Gripping the project

    It has been no less than a litany of failure.

    And today (18 June 2025), I’m drawing a line in the sand – calling time on years of mismanagement, flawed reporting and ineffective oversight.

    It means this government will get the job done between Birmingham and London.

    We won’t reinstate cancelled sections we can’t afford.

    But we will do the hard, but necessary, work to rebuild public trust – and we’ve not wasted any time.

    Since July, we have:

    • appointed new leadership of HS2 Ltd to turn this project around
    • we’ve made clear to the new Chief Executive, Mark Wild, that the priority is building the rest of the railway safely, at the lowest reasonable cost – even if this takes longer
    • we’ve started the year long task of fundamentally resetting the project, including commissioning infrastructure expert James Stewart to lead a review into governance and oversight
    • as part of the reset, we have reduced financial delegations to HS2 Ltd – placing a lid on spiralling costs until the reset is complete and we regain confidence
    • and we’ve supported Mark Wild’s review of the size and cost of HS2 as an organisation

    But today we’re going further.

    James Stewart review

    Mr Speaker, I can confirm we’ve published the landmark James Stewart review and the department’s response.

    The review, commissioned in October of last year by my predecessor, was a tough independent look at how Department for Transport and government delivers major projects.

    The government not only welcomes the review, but we have accepted all its recommendations.

    My department is already delivering on these, specifically across 5 key areas.

    First, the lack of oversight and scrutiny.

    Quite simply, there have been too many dark corners for failure to hide in.

    [Political redaction].

    This government has re-established the taskforce, with full senior attendance, as per the review’s recommendation.

    And new performance, programme and shareholder boards will offer much needed oversight and accountability.

    Secondly, the report highlights HS2 could cost the taxpayer billions more than planned.

    We’ll stop this spiralling any further by delivering all the recommendations on cost control.

    That starts with HS2 fundamentally changing their approach to estimating costs.

    It includes certainty over funding – which the Spending Review has given.

    And it also means HS2 working with suppliers so their contracts incentivise saving costs for taxpayers.

    As far as I’m concerned, suppliers should make a better return the more taxpayer money they save.

    Thirdly, the review identified a deficit in capability and skills, with a fundamental lack of trust between my department and HS2 Ltd

    I am clear, both capability and cultural issues within HS2 must be addressed.

    The new chief executive is already strengthening the organisation, including filling critical gaps in areas such as commercial expertise. And he will be backed by Mike Brown, announced today as the new chair.

    This is a new era of leadership the project desperately needs, with Mike bringing significant experience as a former TfL Commissioner.

    Mark and Mike were part of the team, with me, that turned Crossrail into the Elizabeth Line.

    We have done it before, we will do it again.

    Fourthly, Euston Station.

    Between 2019 and 2023, HS2 Ltd provided initial designs for Euston Station, coming in almost £2 billion over budget.

    When asked for a more affordable option, they offered one costing £400 million more than the first attempt.

    The word ‘affordable’ was clearly not part of the HS2 lexicon.

    The combined costs for these 2 failed designs, which has now been written off, was more than a quarter of a billion pounds.

    What’s more, the previous government announced a Euston ministerial taskforce.

    Unbelievably, the taskforce never met.

    Mr Speaker, this government recognises Euston’s huge potential.

    And we’ve already committed funding to start the tunnelling from Old Oak Common to Euston and we’ll set out more details in our 10-year Infrastructure Strategy.

    And finally, we will use James Stewart’s findings to transform infrastructure delivery across government.

    Implementing real change in how we deliver infrastructure is not just for the Department for Transport.

    This government is committed to implementing these recommendations and adopting a new approach to delivering infrastructure, as will be set out in our upcoming 10-Year Infrastructure Strategy.

    In that spirit, the Prime Minister has also asked the Cabinet Secretary to consider the implications for the Civil Service and wider public sector of the issues raised in the report, including whether further action or investigation is warranted.

    Mr Speaker, we’re wasting no time in delivering on this review.

    And I will update Parliament on our progress through my 6-monthly reports, even if the information is uncomfortable.

    Because for a government that, last week, pledged billions in capital investment for new major projects.

    That believes in the power of transport infrastructure to improve lives and deliver on our Plan for Change.

    This level of failure cannot stand.

    We will learn the lessons of the past 15 years and restore our reputation of delivering world-class infrastructure projects.

    Mark Wild assessment

    Mr Speaker, I’ve spoken about our inheritance; I’ve spoken about James Stewart’s review.

    Let me finally turn to Mark Wild’s initial assessment, [political redaction].

    I will place a copy of his interim findings in the library.

    He stated, in no uncertain terms, the overall project with respect to cost, schedule and scope is unsustainable.

    Based on this advice, I see no route by which trains can be running by 2033 as planned.

    He reveals costs will continue to increase if not taken in hand, further outstripping the budget set by the previous government.

    And he cannot be certain that all cost pressures have yet been identified.

    Mr Speaker, it gives me no pleasure to deliver news like this.

    Billions of pounds of taxpayers’ money has been wasted by constant scope changes, ineffective contracts and bad management.

    There are also allegations that parts of the supply chain have been defrauding taxpayers, and I have been clear these need to be investigated rapidly and rigorously.

    If fraud is proven, the consequences will be felt by all involved.

    Mr Speaker, I have to be honest: it’s an appalling mess. But it’s one we will sort out.

    We need to set targets which we can confidently deliver – that the public can trust – and that will take time.

    But rest assured, where there are inefficiencies – we will root them out.

    Where further ministerial interventions are needed – I’ll make them without fear or favour.

    HS2 will finally start delivering on our watch.

    Conclusion

    Mr Speaker, years of mismanagement and neglect have turned HS2 into a shadow of the vision put forward 15 years ago.

    But this government was elected on a mandate to restore trust to our politics.

    That’s why we won’t shirk away from this challenge and why today, we turn the page on infrastructure failures. 

    I can think of no better mission than delivering new economic opportunities, new homes and commercial regeneration, of an upskilled supply chain, all of which HS2 can still unlock.

    But no one should underestimate the scale of the reset required.

    Passengers and taxpayers deserve new railways the country can be proud of.

    The work to get HS2 back on track is firmly underway under this government.

    And I commend this statement to the House.

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Canada: Province Invests in Training More Doctors

    Source: Government of Canada regional news

    The Province is funding more seats for Nova Scotians who want to study to become doctors.

    Starting this fall, there will be five more first-year seats reserved for Nova Scotia students in the doctor of medicine program at Dalhousie University in Halifax, with another five first-year seats in 2026-27.

    “Our government is investing to train more doctors so Nova Scotians can get the care they need,” said Brendan Maguire, Minister of Advanced Education. “Through investments in our post-secondary partners, we are training the doctors we need today and for tomorrow.”

    With the additional seats, there will be 99 first-year seats in the program at Dalhousie’s Halifax campus and 30 first-year seats at the Cape Breton medical campus – a partnership with Dalhousie – at Cape Breton University in Sydney.

    Of these seats, 114 are reserved for Nova Scotia students for entry in 2025. The remaining are designated for six Prince Edward Island residents and nine people from outside the Maritimes, including priority pathways (Indigenous admissions pathway, Black learners admissions pathway). If any of these designated seats remain unfilled, priority is given to Nova Scotian residents.

    As part of the bilateral agreements between the Province and universities, admissions for Nova Scotian residents in undergraduate health programs are to be prioritized starting in 2026.


    Quotes:

    “We are focused on transforming Nova Scotia’s healthcare system, and part of that is bringing more doctors to communities across the province. Adding more medical school seats is an important part of boosting the number of doctors available to work in the province. Nova Scotia is a great place to train and work as a doctor – we have great compensation for family doctors, strong financial incentives and we are renovating and building new facilities to create modern places to work.”
    Michelle Thompson, Minister of Health and Wellness

    “Dalhousie Medical School proudly trains skilled physicians who deliver high-quality, sustainable health care in Nova Scotia. I am very pleased government is making this significant investment in undergraduate medical education and continuing to create more pathways for Nova Scotians choosing medicine as a career.”
    Dr. David Anderson, Dean, Faculty of Medicine, Dalhousie University

    “This is great news for Nova Scotians and for physicians. We look forward to welcoming and mentoring these new medical students into the system and increasing access to family medicine and specialist care for Nova Scotians.” — Dr. Shelly McNeil, President, Doctors Nova Scotia


    Quick Facts:

    • the Province’s total investment for 10 additional seats is just over $2.2 million
    • the Cape Breton medical campus will welcome students this fall

    Additional Resources:

    Dalhousie University’s doctor of medicine program: https://medicine.dal.ca/programs/md-program.html

    Cape Breton medical campus: https://www.cbu.ca/current-students/student-services/health-wellness/cape-breton-medical-campus/

    News release – Funding, Plans for New Medical School Campus in Cape Breton: https://news.novascotia.ca/en/2023/03/07/funding-plans-new-medical-school-campus-cape-breton

    News release – More Funding for Cape Breton Medical School Campus: https://news.novascotia.ca/en/2024/04/30/more-funding-cape-breton-medical-school-campus

    Bilateral agreements with universities: https://novascotia.ca/lae/HigherEducation/documents.asp


    Other than cropping, Province of Nova Scotia photos are not to be altered in any way.

    MIL OSI Canada News

  • MIL-OSI USA: Nearly Three Million New Yorkers to Receive Tax Relief

    Source: US State of New York

    overnor Kathy Hochul today announced that nearly three million New Yorkers will receive $2.2 billion in tax relief this summer and fall through New York’s School Tax Relief (STAR) program. STAR provides property tax relief to eligible homeowners and seniors statewide. While some STAR recipients have already received their benefit in the form of a tax exemption this year, many other recipients will receive their benefit as a tax credit and will be sent a check in the mail this summer and fall. Check deliveries will begin next week and will continue statewide throughout the coming months. Most homeowners eligible for a STAR credit will receive a check between $350 and $600. Most seniors eligible for an Enhanced STAR credit will receive a check between $700 and $1,500. STAR recipients can visit ny.gov/STAR to track their check delivery or enroll in direct deposit.

    “Summer is here — and it’s also the start of STAR tax relief season for millions of New Yorkers,” Governor Hochul said. “From tax credits to child care assistance and much more, we’re continuing to put more money back in New Yorkers’ pockets.”

    New York State Department of Taxation and Finance Acting Commissioner Amanda Hiller said, “The STAR program delivers welcome tax relief, and we want every eligible homeowner to take advantage of it. If you’re a new homeowner, or you are currently not receiving a STAR benefit on your primary residence, check out the Tax Department’s website to see how you can enroll and start saving.”

    Regional breakdown of this year’s $2.2 billion in STAR tax relief for nearly 3 million New Yorkers:

    REGION STAR TAX RELIEF RECIPIENTS
    Capital District $144.5 million 242,000
    Central New York $131.1 million 176,000
    Finger Lakes $205.2 million 279,000
    Long Island $698.4 million 582,000
    Mid-Hudson $488.5 million 404,000
    Mohawk Valley $66.3 million 101,000
    New York City $158.6 million 483,000
    North Country $47.2 million 88,000
    Southern Tier $109.6 million 156,000
    Western New York $178.5 million 320,000
    TOTAL $2.2 BILLION 2.83 MILLION

    Senate Majority Leader Andrea Stewart-Cousins said, “While Washington advances tax cuts for the ultra-wealthy and mega-corporations at the expense of millions of working Americans, we in New York continue to champion the well-being of the middle class. The Senate Democratic Majority has worked with Governor Hochul and the Assembly to put more money back in the pockets of everyday New Yorkers. We look forward to continuing the fight to make New York more affordable.”

    Assembly Speaker Carl Heastie said, “As we head into the summer, millions of homeowners and seniors across the state will get these STAR tax relief checks, putting money back into their pockets and allowing them to spend their hard-earned money in the best way for their family. We will continue working together with our partners in government to find commonsense ways to ease the financial burden on New York families.”

    Homeowners and seniors who are eligible and enrolled in the STAR program receive their benefit each year in one of two ways: as an exemption that reduces their school tax bill, or as a credit issued as a check or direct deposit.

    The STAR benefits received by each recipient are based in part on local school taxes and vary based on the county in which the individual resides, among other factors.

    Homeowners who are registered and eligible for the STAR credit can expect to receive their STAR credit before the deadline for their school taxes. Some parts of the state — including New York City, Buffalo, Rochester and Syracuse — have due dates in July and will receive their STAR benefits between the end of June and mid-July. Benefits across other parts of the state will continue to roll out statewide throughout the summer and fall.

    Those who receive the STAR credit as a check or direct deposit can visit the STAR Credit Delivery Schedule to learn when credits will be issued in their area. Property owners who are looking for details about STAR credits that have already been issued should visit the Property Tax Credit Lookup.

    Enroll in STAR Direct Deposit

    Homeowners can enroll in the STAR Credit Direct Deposit program through the Homeowner Benefit Portal within the Tax Department’s secure Online Services system. Homeowners will also be able to use the Homeowner Benefit Portal to manage their STAR benefits easily and efficiently.

    The direct deposit option enables eligible STAR credit recipients to get their STAR credits without having to wait for and cash a check. To ensure homeowners receive their STAR credit by direct deposit this year, they should enroll as soon as possible. Homeowners who enroll fewer than 15 days before STAR credits are issued will receive a check this year and direct deposit will begin next year.

    For more information about the STAR program, visit the Tax Department’s STAR Resource Center.

    State Senator José M. Serrano said, “The New York State School Tax Relief (STAR) program is a vital resource for homeowners and seniors throughout New York State. I am happy that this year’s program will provide much needed property tax relief to nearly three million people statewide. My sincere thanks to Governor Kathy Hochul and my colleagues in government for their continued investment in our homeowners.”

    State Senator Leroy Comrie said, “As the cost of living continues to rise, property tax relief through the STAR program is a lifeline for working families and seniors across New York. I commend Governor Hochul for prioritizing this critical support, which will provide meaningful relief to nearly three million homeowners statewide. Including thousands in Southeastern Queens. These investments help keep our communities stable and our residents secure in their homes”

    State Senator Roxanne J. Persaud said, “I encourage all eligible individuals to enroll in the STAR program. The STAR tax relief program puts money back into the hands of hardworking homeowners and seniors, which helps to ease the burden of rising costs and ensure families can continue to thrive in the communities they love.”

    State Senator Jamaal T. Bailey said, “With the cost of living continuing to rise, this year’s STAR tax relief program delivers real and timely support for millions of New Yorkers. Whether it’s helping seniors on fixed incomes or working families trying to stay afloat, these checks offer critical relief and stability. I thank Governor Hochul for her work in supporting this program that puts money back into the pockets of homeowners and strengthens our communities.”

    State Senator Shelley B. Mayer said, “I am pleased that millions of New Yorkers, including over 400,000 residents in the Hudson Valley, receive tax relief this summer and fall through the New York School Tax Relief (STAR) program. Many families in Westchester struggle with the high cost of living, and the STAR program will offer much-needed assistance. I encourage those eligible for STAR to enroll in direct deposit to simplify the process of receiving your STAR checks. I would also like to thank Governor Kathy Hochul for her commitment towards a hassle-free program that helps alleviate the burden of property taxes.”

    State Senator Pete Harckham said, “At a time when every dollar counts, New York State is proactively helping seniors and middle-class New Yorkers. The disbursement of $2.2 billion in STAR property tax relief funds this summer and fall will make an important difference in the lives of taxpayers and support the local economy of the Hudson Valley.”

    State Senator Monica R. Martinez said, “Thanks to the STAR program, nearly 3 million New York State families, including more than 580,000 on Long Island, are seeing meaningful tax relief this year. Providing $2.2 billion in assistance will ease a financial burden on New Yorkers, improve homeownership affordability, and give families more flexibility in managing their household budgets. I thank Governor Hochul for working with the Legislature to continue providing this support for property owners across our state.”

    State Senator Rachel May said, “The STAR program helps make homeownership more affordable for seniors and families across New York. In Central New York, this kind of targeted tax relief makes a real difference. I’m grateful to Governor Hochul for continuing to support a program that helps so many of our neighbors stay in their homes.”

    State Senator Robert Jackson said, “In a time when working families are being priced out of the very neighborhoods they helped build, the STAR program is not a luxury—it’s a lifeline. I commend Governor Hochul for delivering $2.2 billion in direct relief to nearly 3 million New Yorkers, including seniors who have spent decades strengthening our communities. This is how government should work: putting public dollars back into the hands of the people. Tax justice is housing justice—and STAR is helping keep that promise real, one check at a time.”

    State Senator Jeremy Cooney said, “The STAR program is one of many ways we are tackling affordability in New York and making our state a place where everyone is able to live and thrive. With billions in relief being sent out, including over $205 million for the Finger Lakes region, I want to thank Governor Hochul for putting money back in the pockets of New Yorkers and for her commitment to increasing the quality of life across our state.”

    State Senator Samra Brouk said, “Working families in New York State need our support. Through New York School’s Tax Relief (STAR) program, more homeowners and older adults will receive property tax relief so they can keep money in their pockets. I applaud Governor Hochul for investing in New Yorkers and helping our families thrive.”

    State Senator Michelle Hinchey said, “Delivering over $630 million in property tax relief for homeowners across the Mid-Hudson Valley and Capital Region is a big deal. At a time when the cost of everything is up—from groceries to utilities—putting more money back into people’s pockets is critical to easing the pressure on working families and seniors. The STAR program is a big help in reducing that financial strain, and we’ll continue to push for the tax relief New Yorkers deserve through this and other state initiatives.”

    State Senator Lea Webb said, The STAR program is a lifeline for hardworking families and seniors across the Southern Tier and I’m proud to see $109.6 million for residents in my district. This year’s tax relief means more money in the pockets of nearly 3 million New Yorkers and for our communities, that makes a real difference. Whether it’s covering heating bills, groceries, or home repairs, this support helps people stay rooted in the homes they’ve worked hard to build.”

    State Senator Nathalia Fernandez said, “At a time when working families’ budgets are being stretched in every direction, this STAR tax relief serves as a real lifeline. I appreciate Governor Hochul’s commitment to getting this done, and for ensuring that New Yorkers can access the relief they deserve.”

    State Senator April N.M. Baskin said, “The STAR program provides real relief to seniors and eligible homeowners in our great state. In her State of the State address, Governor Hochul emphasized the need for affordable housing. I commend the governor for her follow through, ensuring that Western New York receives nearly $180 million and that many other areas across the state are benefiting from this essential program.”

    Assemblymember William Colton said, “The STAR tax credit is a great way for homeowners to save money on their property tax bill for their primary residence. If you haven’t applied, but think you might be eligible, based on income level, I urge you to do so. In particular, seniors who meet eligibility requirements may be entitled to the benefits of the Enhanced STAR program, which are extremely meaningful to those on a fixed income. Because the maximum income for eligibility for Enhanced STAR has been raised this year, more seniors who previously didn’t qualify will be able to claim the added tax relief, which is really important as prices have continued to rise on so many necessities.

    Assemblymember Charles D. Lavine said, “I am grateful to Governor Hochul for supporting this wonderful program and making it easier than ever to get real money back in the pockets of New Yorkers. She continues to prioritize the economic needs of hard-working families and seniors, and I commend her for that. I encourage everyone to use the online STAR resource center to determine eligibility.”

    Assemblymember Steven Otis said, “Governor Hochul and the State Legislature have again funded the popular STAR tax relief program. This is an important part of the effort in this year’s state budget to address issues of affordability for families. Established decades ago, Basic STAR and Enhanced STAR help reduce the burden of school property taxes across the state. Each year I support continued state commitment in our enacted state budgets for STAR.”

    Assemblymember Jo Anne Simon said, “As the cost of living goes up, the STAR program continues to provide much-needed relief for seniors and homeowners. For many, it is the difference between buying groceries and going hungry. I’m grateful to Governor Hochul for ensuring this vital relief reaches New Yorkers in need.”

    Assemblymember Latrice Walker said, “I hear almost daily from constituents about their ongoing struggles to pay for food, utilities, and other necessities. They live in a day-to-day affordability crisis where every dollar counts. I applaud Gov. Kathy Hochul for her leadership in bringing tax relief to nearly 3 million New Yorkers, including 483,000 right here in the five boroughs. Homeowners, especially our beloved seniors, need this type of relief now.”

    Assemblymember Rebecca A. Seawright said, “As Chair of the Aging Committee and Assembly Member of the largest cohort of older adults in Manhattan, I am grateful to Governor Hochul for her enduring leadership on affordability in our city and state, particularly for aging New Yorkers. The STAR and Enhanced STAR Credits provide invaluable tax relief to qualifying homeowners and elders. They also enable aging in place for elder New Yorkers – including over sixty thousand constituents in my district – which enhances their health and advances quality of life at significant, taxpayer cost savings over institutionalized care. The STAR program is both compassionate and common sense.”

    Assemblymember Clyde Vanel said, “As New Yorkers continue to feel the pressure of a rising cost of living, Governor Hochul’s commitment to the STAR program ensures that millions of families and seniors in the state can keep more of their hard-earned money. This critical tax relief will continue to strengthen communities across our state and I applaud the Governor for her unwavering support of this vital program.”

    Assemblymember Harvey Epstein said, “As the cost of living continues to increase in our state, it is important to put money back in the pockets of New Yorkers. The STAR tax credit will offer property tax relief to many homeowners who need it.”

    Assemblymember Charles D. Fall said, “Many of our homeowners—particularly seniors on fixed incomes—depend on the STAR program to help offset the burden of rising property taxes. That’s why I’ve remained a strong advocate for increasing public awareness and ensuring our community understands how to access this vital benefit. With nearly three million New Yorkers set to receive STAR credits this summer and fall, the impact of this program is undeniable. Whether the relief amounts to $350 or $1,500, every dollar matters—especially as the cost of living continues to rise. I remain committed to making sure no one in our district is left behind when it comes to receiving the support they’re entitled to.”

    Assemblymember Jen Lunsford said, “The STAR and Enhanced STAR credits are some of the most effective tools we have to put money back in the pockets of New Yorkers. We don’t levy school or property taxes at the state level so we have to get creative about providing relief. The improvements we’ve made in this year’s budget will mean hundreds, and in some cases over a thousand, dollars to our homeowners and seniors, helping them make ends meet at a time when they need it most.”

    Assemblymember Jessica González-Rojas said, “I commend the Governor Hochul, Speaker Heastie, Majority Leader Stewart-Cousins, and my colleagues in the Legislature for ensuring New York homeowners get the support they need in our rapidly changing economy. New Yorkers are navigating challenging circumstances and need all the relief they can get. The STAR rebate check disbursement by Governor Hochul is a great opportunity to support homeowners in our city and state as budgets have only gotten tighter, and bills have gone higher. Thank you to all who helped make this happen so we can provide more economic relief to all New Yorkers.”

    Assemblymember Nily Rozic said, “Property tax relief is one of the most direct and meaningful ways we can support the working and middle-class. This investment through the STAR program will provide real relief for homeowners and seniors across Queens and throughout the state. I thank Governor Hochul for making affordability a priority and putting money back into the pockets of New Yorkers.”

    Assemblymember Yudelka Tapia said, “At a time when so many families and seniors are feeling the strain of rising costs, the STAR relief program is meaningful assistance that puts money back in people’s pockets. I’m proud to support programs like STAR that make it easier for New Yorkers to stay in their homes and build financial stability. I thank Governor Hochul for continuing to prioritize assistance for seniors and homeowners across our state.”

    Assemblymember Dana Levenberg said, “The STAR program provides incredibly important tax relief in my district. I am proud to have protected it and fought for more middle-class tax relief in this year’s state budget, and pleased that my constituents will begin seeing some relief in the coming months. As the country’s economic outlook becomes more uncertain, I will continue working with my colleagues and the Governor to provide whatever relief we can to New York’s working and middle-class households.”

    Assemblymember Gabriella A. Romero said, “I’m proud to share that this year, over 242,000 homeowners in the Capital Region will see $144.5 million in STAR property tax relief. This vital investment prioritizes those hit hardest by the rising cost of living and delivers lasting relief where it’s needed most. I’m honored to stand with Governor Hochul and my colleagues in the State Legislature who ensured this was included in this year’s budget.”

    Assemblymember George Alvarez said, “At a time when the cost of living continues to burden working families and seniors across our state, the STAR program provides critical relief that puts money directly back into the hands of homeowners. I applaud Governor Hochul’s commitment to easing the financial pressure on nearly three million New Yorkers, including many in my district, through this meaningful investment in property tax relief”.

    Assemblymember Steven Raga said, “Homeownership should be a reward for a lifetime of work — but in New York, the high cost of living is putting that dream in jeopardy. That’s why I’m happy that under Governor Hochul’s leadership, eligible homeowners and seniors are receiving $2.2 billion worth of tax relief this year. From working-class families in Elmhurst to seniors on fixed incomes in Westside, eligible residents of New York will receive checks between $350-$1,500 — a much relief to our tax burdened communities. I thank Governor Kathy Hochul for her commitment to strengthening this program, and for recognizing the importance of preserving and expanding efforts that meet the evolving needs of our communities.”

    Assemblymember MaryJane Shimsky said, “STAR provides desperately needed property tax relief to New York’s homeowners. With major funding cuts coming from Washington, these benefits will be even more crucial as our households struggle harder to make ends meet. I urge our homeowners to check their eligibility for both Basic STAR and Enhanced STAR, and to consult the delivery schedule for their area. Thanks to Governor Hochul for getting the word out!”

    MIL OSI USA News

  • MIL-OSI: BOS Secures $1.1 Million Order from New Customer

    Source: GlobeNewswire (MIL-OSI)

    RISHON LE ZION, Israel, June 18, 2025 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a leading integrator of supply chain technologies, announced today that its Supply Chain division has secured a $1.1 million order from a new Israeli customer, with delivery scheduled for the third quarter of 2025.

    Avidan Zelicovsky, BOS President, stated: “Gaining this new customer highlights the strength of our Supply Chain Division in integrating franchised electromechanical components into the products of leading defense and high-tech companies. Our engineering team collaborates closely with our customers’ R&D departments to ensure seamless integration into their innovative products, supporting long-term revenue growth for us as these products move into production.”

    Gadi Feit, VP Design-in Engineering of the Supply Chain division, added: “This order is from a new Israeli customer that provides proprietary communications products, primarily for defense applications. Given the extended design cycles typical in this sector, we anticipate continued orders from this customer, as long as our franchised components remain an integral part of their products.”

    About BOS Better Online Solutions Ltd.

    BOS integrates cutting-edge technologies to streamline and enhance supply chain operations for global customers in the aerospace, defense, industrial and retail sectors. The Company operates three specialized divisions:

    Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.

    RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.

    Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing innovative solutions.

    For more information on BOS Better Online Solutions Ltd., visit www.boscom.com.

    Contact Information

    For additional information, contact:

    Matt Kreps, Managing Director
    Darrow Associates
    +1-214-597-8200
    mkreps@darrowir.com

    Eyal Cohen, CEO
    +972-542525925
    eyalc@boscom.com

    Safe Harbor Regarding Forward-Looking Statements

    The forward-looking statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the effect of the war against the Islamic Republic of Iran, Hamas and other parties in the region, the continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the US Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

    The MIL Network

  • MIL-OSI: BOS Secures $1.1 Million Order from New Customer

    Source: GlobeNewswire (MIL-OSI)

    RISHON LE ZION, Israel, June 18, 2025 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a leading integrator of supply chain technologies, announced today that its Supply Chain division has secured a $1.1 million order from a new Israeli customer, with delivery scheduled for the third quarter of 2025.

    Avidan Zelicovsky, BOS President, stated: “Gaining this new customer highlights the strength of our Supply Chain Division in integrating franchised electromechanical components into the products of leading defense and high-tech companies. Our engineering team collaborates closely with our customers’ R&D departments to ensure seamless integration into their innovative products, supporting long-term revenue growth for us as these products move into production.”

    Gadi Feit, VP Design-in Engineering of the Supply Chain division, added: “This order is from a new Israeli customer that provides proprietary communications products, primarily for defense applications. Given the extended design cycles typical in this sector, we anticipate continued orders from this customer, as long as our franchised components remain an integral part of their products.”

    About BOS Better Online Solutions Ltd.

    BOS integrates cutting-edge technologies to streamline and enhance supply chain operations for global customers in the aerospace, defense, industrial and retail sectors. The Company operates three specialized divisions:

    Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.

    RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.

    Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing innovative solutions.

    For more information on BOS Better Online Solutions Ltd., visit www.boscom.com.

    Contact Information

    For additional information, contact:

    Matt Kreps, Managing Director
    Darrow Associates
    +1-214-597-8200
    mkreps@darrowir.com

    Eyal Cohen, CEO
    +972-542525925
    eyalc@boscom.com

    Safe Harbor Regarding Forward-Looking Statements

    The forward-looking statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the effect of the war against the Islamic Republic of Iran, Hamas and other parties in the region, the continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the US Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

    The MIL Network

  • MIL-OSI: Fintech and Global Growth in Focus as Russia National Centre Hosts Key Session at SPIEF 2025

    Source: GlobeNewswire (MIL-OSI)

    MOSCOW, RUSSIA, June 18, 2025 (GLOBE NEWSWIRE) — The St. Petersburg International Economic Forum (SPIEF) 2025 opened in St. Petersburg on June 18 with a high-level session hosted by the Russia National Centre, highlighting fintech innovation and strategies for global economic growth.

    The forum’s business program opened on June 18 with the session “Shaping a New Platform for Global Growth,” where the final report on the results of the International Open Dialogue of the Russia National Centre was presented. The discussion focused on key challenges of modernity: economic and political fragmentation, demographic shifts, the implementation of breakthrough technologies, and the growing social and technological gap within and between states.

    The CEO of Tanssi Foundation, Tiago Rudiger (Brazil), emphasised that the real fintech revolution is happening in Global South countries.

    “Forget Wall Street – the fintech revolution is happening in Global South countries. Thanks to blockchain, money and assets are becoming programmable, and combined with artificial intelligence, this provides a powerful impulse for transforming the entire financial sector. Fintech is changing the game’s rules, affecting traditional banks and opening new opportunities for millions of people,” believes Tiago Rudiger.

    He noted that Brazil and Russia are sharing their experiences in these areas with each other.

    “I read that this will help people reduce transaction costs in global financial markets. I’m ready to discuss this with enthusiasm. I look forward to when these processes arrive in Brazil and worldwide,” emphasised Tiago Rudiger.

    Maxim Oreshkin, Deputy Chief of Staff of the Presidential Administration of the Russian Federation, moderated the session. He emphasised that this year, the St. Petersburg International Economic Forum is taking place against turbulent world events.

    “This year, the St. Petersburg International Economic Forum is taking place against turbulent world events. This includes the situation in the Middle East and trade wars. Much time will be devoted to this current agenda at the forum. We must not forget which long-term trends and challenges are basic and defining. It is important to conduct an open dialogue about how we build the world of the future and how to form a new platform for global growth. In which countries does this global growth occur, on which technologies will it be built, and on which principles and cultural code? Our task is to ensure that forward movement benefits people in all countries that, like Russia, are working on the future. It is through open dialogue that our future and its understanding are built,” emphasised Maxim Oreshkin.

    At the session organised by the Russia National Centre, speakers also discussed the report on the results of the Open Dialogue prepared by the Centre for Cross-Industry Expertise “Third Rome.” The session took place in sequential discussions, in which speakers discussed economics, technologies, and people in a rapidly changing world.

    The results of the session “Shaping a New Platform for Global Growth” became the foundation for the subsequent business program of SPIEF-2025. The recording of the session can be viewed on the Russia National Centre website.

    Media contact

    Brand: Russia National Centre

    Contact person name: Vadim Samodurov

    E-mail: info@russia.ru

    Website: https://future.russia.ru

    The MIL Network

  • MIL-OSI: Fintech and Global Growth in Focus as Russia National Centre Hosts Key Session at SPIEF 2025

    Source: GlobeNewswire (MIL-OSI)

    MOSCOW, RUSSIA, June 18, 2025 (GLOBE NEWSWIRE) — The St. Petersburg International Economic Forum (SPIEF) 2025 opened in St. Petersburg on June 18 with a high-level session hosted by the Russia National Centre, highlighting fintech innovation and strategies for global economic growth.

    The forum’s business program opened on June 18 with the session “Shaping a New Platform for Global Growth,” where the final report on the results of the International Open Dialogue of the Russia National Centre was presented. The discussion focused on key challenges of modernity: economic and political fragmentation, demographic shifts, the implementation of breakthrough technologies, and the growing social and technological gap within and between states.

    The CEO of Tanssi Foundation, Tiago Rudiger (Brazil), emphasised that the real fintech revolution is happening in Global South countries.

    “Forget Wall Street – the fintech revolution is happening in Global South countries. Thanks to blockchain, money and assets are becoming programmable, and combined with artificial intelligence, this provides a powerful impulse for transforming the entire financial sector. Fintech is changing the game’s rules, affecting traditional banks and opening new opportunities for millions of people,” believes Tiago Rudiger.

    He noted that Brazil and Russia are sharing their experiences in these areas with each other.

    “I read that this will help people reduce transaction costs in global financial markets. I’m ready to discuss this with enthusiasm. I look forward to when these processes arrive in Brazil and worldwide,” emphasised Tiago Rudiger.

    Maxim Oreshkin, Deputy Chief of Staff of the Presidential Administration of the Russian Federation, moderated the session. He emphasised that this year, the St. Petersburg International Economic Forum is taking place against turbulent world events.

    “This year, the St. Petersburg International Economic Forum is taking place against turbulent world events. This includes the situation in the Middle East and trade wars. Much time will be devoted to this current agenda at the forum. We must not forget which long-term trends and challenges are basic and defining. It is important to conduct an open dialogue about how we build the world of the future and how to form a new platform for global growth. In which countries does this global growth occur, on which technologies will it be built, and on which principles and cultural code? Our task is to ensure that forward movement benefits people in all countries that, like Russia, are working on the future. It is through open dialogue that our future and its understanding are built,” emphasised Maxim Oreshkin.

    At the session organised by the Russia National Centre, speakers also discussed the report on the results of the Open Dialogue prepared by the Centre for Cross-Industry Expertise “Third Rome.” The session took place in sequential discussions, in which speakers discussed economics, technologies, and people in a rapidly changing world.

    The results of the session “Shaping a New Platform for Global Growth” became the foundation for the subsequent business program of SPIEF-2025. The recording of the session can be viewed on the Russia National Centre website.

    Media contact

    Brand: Russia National Centre

    Contact person name: Vadim Samodurov

    E-mail: info@russia.ru

    Website: https://future.russia.ru

    The MIL Network

  • MIL-OSI Global: China positions itself as a stable economic partner and alternative to ‘unpredictable’ Trump

    Source: The Conversation – UK – By Chee Meng Tan, Assistant Professor of Business Economics, University of Nottingham

    After the second world war, the US and its western allies created a set of international agreements and institutions to govern attitudes to mutual defence, economics and human rights. For decades this created stable alliances and predictable economic plans.

    But, unlike his predecessors, Donald Trump believes that international organisations undermine US interests and sovereignty. He has withdrawn the US from the World Health Organization, and there is speculation he could reduce US commitment to the UN. US investment in Nato’s mutual defence pact remains under discussion.

    But while Washington is busy sounding the retreat from the very world order it had a hand in building, Beijing is looking to increase its international role. Chinese leadership in international agencies affiliated with the UN has increased over the years, and so has its financial commitment to international institutions.

    That’s not all. China is also a prominent member of trade coalitions such as the
    15-member Regional Comprehensive Economic Partnership, and the ten-member Brics group (led by Brazil, Russia, India, China and South Africa). These groups not only promote greater economic integration among its members, but may reduce members’ reliance on the US economy and the US dollar. Amid an increasingly volatile US, China’s presence as the second largest economy in the world in these trade groups would be useful.

    Now with the whole world negotiating new US trade deals, most nations see their relationship with the US as unstable. China sees this as a golden opportunity to position itself as a global counterbalance to the US. One of its policies is to “deliver greater security, prosperity and respect for developing countries”, and this is particularly relevant in African nations, where US aid is being reduced rapidly.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    A US-Sino trade deal was reached in London on June 10 2025. US tariffs on Chinese goods now stand at 55%, while Chinese tariffs on US imports will remain at 10%. But how long this trade deal will last remains uncertain, when Trump has a tendency to change his mind.

    There are few details of the US trade deal with China so far.

    Just a month earlier, on May 12, Washington and Beijing concluded a major trade accord in Geneva aimed at diffusing massive trade tensions. Unfortunately, this deal only lasted for 18 days before Trump started accusing China of violating the agreement.

    But Trump’s tendency to escalate trade tensions and then diffuse them is not just China’s problem. His allies are also a victim of his frequent wavering. This leaves nations around the world, whether traditional US partners or not, in a crisis of not knowing what the US’s next move will be, and whether their economy will suffer.

    In February 2025, Trump imposed 25% tariffs on Mexico and Canada but temporarily called off the tariffs a month later. Then in early April 2025, Trump raised tariffs on 60 countries and trading blocs, including traditional US allies such as the EU (20%), Japan (24%), South Korea (25%) and Taiwan (32%). Hours later, Trump unexpectedly rescinded these tariffs, but that caused massive damage to the global economy.

    If there is a time that the world needs a more predictable partner it would be now. But it isn’t a Trump-helmed US. A recent annual report on democracy and national attitudes indicates that for first time, respondents across 100 countries view China more favourably than they do the US. So, could China be the partner that the world seeks?

    Why China needs trade

    While the world needs a stable environment to promote economic growth, Beijing needs this stability for reasons that go beyond economics.

    Unlike liberal democracies that derive their legitimacy through elections, a large part of Beijing’s legitimacy comes from its ability to deliver sustained economic prosperity to the Chinese people. But with a battered economy that was first triggered by a real estate crisis in 2021, this task of maintaining legitimacy has become more difficult.

    Exporting its way of out the economic slump may have been on Beijing’s books, as this was one of China’s traditional methods for promoting economic growth. But Trump’s trade war has made this an increasingly difficult prospect, especially to the US which imports 14.8% of total Chinese exports.

    As a result, fixing China’s economy has become a priority for the Chinese government, and it is because of this that Xi tours neighbouring Asean countries such as Vietnam, Malaysia and Cambodia to promote trade and strategic plans to maintain economic stability.

    Obstacles for China

    Despite everything that China is doing, its image remains a problem, for some. For instance, China has claimed sovereignty over the South China Sea and has built ports, military installations and airstrips on artificial islands across the region, despite territorial disputes with its neighbours including Vietnam, the Philippines, Taiwan, Malaysia and Brunei.

    But there are other concerns about China. The country’s rapid advancements in military technology, for example, have the potential to destabilise security within the Indo Pacific, potentially allowing China to take control of strategically placed islands to use as bases for its navy. China is also becoming a dominant hacking threat, according to UK cyber expert Richard Horne, which is likely to cause problems for worldwide cybersecurity.

    Polish prime minister Donald Tusk once remarked: “With a friend like Trump, who needs enemies?” Many other national leaders are likely to share Tusk’s sentiment today, and may see opportunities to extend trade deals with China as an alternative to a turbulent relationship with Trump.

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

    ref. China positions itself as a stable economic partner and alternative to ‘unpredictable’ Trump – https://theconversation.com/china-positions-itself-as-a-stable-economic-partner-and-alternative-to-unpredictable-trump-258443

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Welfare bill will protect the most vulnerable and help households with income boost

    Source: United Kingdom – Executive Government & Departments

    Press release

    Welfare bill will protect the most vulnerable and help households with income boost

    Additional protections for millions of vulnerable people on benefits are set to be written into law, under new measures being introduced to Parliament today [18 June 2025].

    • New welfare legislation to ensure there are robust protections in place to support the most vulnerable and severely disabled.
    • Nearly 4 million households to benefit from uprating of Universal Credit standard rate, the largest, permanent real-terms increase to basic out of work support since 1980, according to the IFS.
    • More than 200,000 people with most severe, lifelong conditions to be protected from future reassessment for Universal Credit entitlement.
    • 13-week period of financial support for those affected by PIP changes as part of upcoming welfare reforms.
    • Comes alongside £1 billion employment support package that will unlock opportunity and grow the economy as part of the Plan for Change.

    The Universal Credit and Personal Independence Payment Bill will provide 13-weeks of additional financial security to existing claimants affected by changes to the PIP daily living component, including those who their lose eligibility to Carers Allowance and the carer’s element of Universal Credit.

    The 13-week additional protection will give people who will be affected by the changes time to adapt, access new, tailored employment support, and plan for their future once they are reassessed and their entitlement ends.

    This transitional cover is one of the most generous ever and more than three times the length of protection provided for the transition from DLA to PIP.

    This government inherited a broken social security system, with costs spiralling at an unsustainable rate and millions of people trapped out of work. The case for change is stark:

    • Since the pandemic, the number of PIP awards has more than doubled – up from 13,000 a month to 34,000 a month. That is around 1,000 people signing on to PIP every day – that is roughly the size of Leicester signing up every year.
    • The surge has been largely by driven by a substantial increase in the number of people who report anxiety and depression as their main condition. Before the pandemic (in 2019), 2,500 people a month were awarded PIP for these conditions, this has more than tripled to 8,200 a month in 2023.
    • Almost 1 million young people – 1 in 8 – are not in education, employment or training.
    • 1-in-10 people of working age are now claiming a sickness or disability benefit.
    • Without reform, the number of working age people on disability benefits is set to more than double this decade to 4.3 million.
    • Spending on working age disability and incapacity benefits is up £20 billion since the pandemic and is set to increase by almost that much again by the end of this Parliament, to a staggering £70 billion a year.

    That’s why, through the introduction of this Bill; the government is fixing our broken social security system so it supports those who can work to do so while protecting those who cannot – putting welfare spending on a more sustainable path to unlock growth as part of our Plan for Change.

    Work and Pensions Secretary Liz Kendall said:

    Our social security system is at a crossroads. Unless we reform it, more people will be denied opportunities, and it may not be there for those who need it.

    This legislation represents a new social contract and marks the moment we take the road of compassion, opportunity and dignity.

    This will give people peace of mind, while also fixing our broken social security system so it supports those who can work to do so while protecting those who cannot – putting welfare spending on a more sustainable path to unlock growth as part of our Plan for Change.

    As part of our commitment to protect the most vulnerable and severely disabled, peace of mind will also be given to 200,000 individuals in the Severe Conditions Criteria group – individuals with the most severe and permanently disabling conditions who will never be able to work – as they will not be called for reassessed for Universal Credit (UC) under new legislation.

    Those protected from reassessment will also be paid the higher rate of UC health top up of £97 per week, so they can live with dignity and security, knowing the reforms to the welfare system mean it will always be there to support them.

    In the coming weeks, legislation will also be drafted for a Right to Try Guarantee. This will ensure that trying work will not, in and of itself, lead to a reassessment or award review, breaking down barriers to employment.

    Reforms being delivered by the legislation introduced today go hand in hand with a £1 billion employment support package to support more people with health conditions back into work, unlocking opportunity and growing the economy as part of the Plan for Change.

    Funding will offer personalised employment and health support for individuals on out of work benefits, with 500,000 people having already been supported into employment. This is a quadrupling the level of annual spend on supporting sick and disabled people into work, from the £275m in 2024/25 we inherited, to over £1bn in 2029/30.

    Nearly 4 million households will also receive an income boost with the main rate of Universal Credit set to increase above inflation every year for the next four years – estimated to be worth £725 by 2029/30 for a single household 25 or over. This is around £250 higher than an inflation only increases.

    The Bill will also rebalance Universal Credit rates by reducing the health element for new UC claims to £50 from April 2026, fixing a system which encourages sickness by paying health element recipients more than double the standard amount.

    To open up opportunities to work, everyone affected by changes to the UC health element from April 2026 will be offered support from a dedicated Pathways to Work adviser, with 1,000 advisers in place across Britain.

    All of those affected by reforms will be actively contacted and given the offer of a conversation about their support needs, goals and aspirations; offered one-to-one follow-on support, and given help to access additional work, health and skills support that can meet their needs.

    The reforms build on the Get Britain Working White Paper that will overhaul Jobcentres, empower Mayors and local leaders to tackle inactivity, and deliver a Youth Guarantee so every young person is either earning or learning, as part of the Government’s ambition to deliver an 80% employment rate.

    Additional information

    • The Bill will introduce a new additional eligibility requirement for the daily living component of PIP so that a minimum of 4 points must be scored on at least one daily living activity to be eligible for the daily living component. It will also rebalance Universal Credit.
    • The Work and Pensions Secretary gave a speech at the IPPR on setting out the case for reforming the welfare system: Welfare reform: Speech to the IPPR by Work and Pensions Secretary – GOV.UK
    • Based on current forecasts, the rebalancing mean single households 25 or over, will see their standard allowance rise to around £106pw by the end of this parliament.
    • Current UC health top up is more than double the UC standard allowance for a single claimant.

    There are 4 criteria for the healthcare professional to consider, all of which must apply for the claimant to meet the SCC, namely whether:

    • The individual’s level of function will always meet LCWRA
    • The individual’s condition will last for the rest of their life
    • There is no realistic prospect of recovery of function, and
    • The condition has been diagnosed by an appropriately qualified healthcare professional in the course of the provision of NHS services.

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Construction director sentenced after failing to explain almost £500,000 worth of transfers out of company account

    Source: United Kingdom – Executive Government & Departments

    Press release

    Construction director sentenced after failing to explain almost £500,000 worth of transfers out of company account

    Suspended sentence for director who did not deliver accounting records to the liquidator

    • Construction director Mario Huiu failed to account for nearly £500,000 transferred out of his company’s accounts in a one-month period in 2020 

    • Huiu also failed to verify more than £200,000 in cash receipts and explain why his Incentive Services Limited company failed with debts of over £160,000 

    • Insolvency Service investigations have resulted in Huiu being given a suspended sentence for failing to provide accounting records

    A construction director who failed to explain transfers totalling almost £500,000 out of his company’s bank account has been handed a suspended sentence. 

    Mario Huiu’s failure to keep proper accounting records for Incentive Services Limited meant liquidators were also unable to verify cash receipts of more than £200,000 into the same bank account. 

    The 39-year-old, of Hayesbrook Road, Ilford, was prosecuted for offences under the Companies Act 2006 and Insolvency Act 1986. 

    Huiu was given a four-month prison sentence, suspended for 12 months, when he appeared at Thames Magistrates’ Court on Friday 13 June. 

    Mark Stephens, Chief Investigator at the Insolvency Service, said: 

    Limited liability companies provide vital protection for business owners, but this protection comes with serious responsibilities.

    Maintaining proper accounting records is not just a legal requirement – it is essential for responsible business management.  

    Directors such as Mario Huiu who fail to keep accurate financial records put their creditors and trading partners at unacceptable risk and jeopardise their own ability to make sound trading decisions. 

    Incentive Services Limited was incorporated in March 2017 under the name of EMA Dry-Lining Ltd. The company changed its name three times before settling on Incentive Services Limited in May 2020. 

    Huiu was sole director of the company when it went into liquidation seven months later in December 2020. 

    As director of the company, Huiu was required to maintain and preserve company books and records and deliver them to the liquidator. 

    His failure to do this meant the liquidator was unable to verify transfers of £498,480 from the company’s account between May and June 2020. 

    Huiu’s explanation during interview that the money was spent on paying suppliers was uncorroborated and described by the Insolvency Service as “not credible”. 

    Similarly, unverified cash receipts of £261,960 into the same company bank account did not have supporting sales records. 

    Four other company bank accounts were identified during the course of Insolvency Service investigations. Huiu did not declare them all to investigators. 

    Huiu’s failure to deliver books and records to the liquidator meant the true level of the company’s financial turnover could not be verified. 

    The reasons why the company failed owing creditors £162,482 were also not explained due to the inadequate accounts. 

    Huiu was disqualified as a company director for six years in November 2021 following initial Insolvency Service investigations into his misconduct at Incentive Services Limited.

    Further information

    Updates to this page

    Published 18 June 2025

    MIL OSI United Kingdom

  • MIL-OSI: Abuse Deterrent Formulations Market Exploding While Estimated to Reach $39 Million In 2025 and $54 Million By 2030

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., June 18, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The market for abuse-deterrent opioids is still developing, but it’s estimated that replacing extended-release opioids with abuse-deterrent formulations could lead to significant cost savings and a reduction in abuse-related medical events. While specific revenue figures for the abuse-deterrent opioid market are not readily available, the potential impact on the broader opioid market is substantial. One such report from Roots Analysis, however, did project revenues, saying: “The abuse deterrent formulations market is estimated to grow from USD 25.7 million in 2024 to reach USD 39.8 million in 2025 and USD 54.8 million by 2030, representing a higher CAGR of 6.6% during the forecast period. Although the healthcare industry relies on patient to take medications responsibly, in 2017, close to 18 million individuals were reported to have misused prescription drugs, in the US. In fact, data from a National Survey on Drug Use and Health conducted in the same year, showed that an estimated 2 million Americans misused prescription pain relievers for the first time in the previous year. Moreover, the same study reported 1.5 million people abusing tranquilizers, over 1 million abusing prescription stimulants and more than 270,000 abusing sedatives, for the first time, in the same time period. Owing to a rapid onset of medicinal effect, which offers immediate relief (with high efficacy), opioids are still considered to be one of the most widely used pharmacological interventions for pain management. However, these drugs are known to induce a euphoric state upon consumption, often causing patients to abuse them; increased recreational use of opioids is known to lead to addiction. Moreover, over-prescription of such medicinal products, which promotes their misuse, is considered as one of the root causes of the opioid crisis (increasing number of deaths involving misuse and addiction to opioids), in the US. According to the Centers for Disease Control and Prevention (CDC), more than 72,000 overdose-related deaths were reported in 2017, of which close to 50,000 involved the use of an opioid.”   Active healthcare/tech companies active in the markets include: Nutriband Inc. (NASDAQ: NTRB) (NASDAQ: NTRBW), Pfizer Inc. (NYSE: PFE), Collegium Pharmaceutical, Inc. (NASDAQ: COLL), Teva Pharmaceutical Industries Ltd. (NYSE: TEVA), Emergent BioSolutions Inc. (NYSE: EBS).

    Moreover, opioid abuse was estimated to have been responsible for an economic deficit of over USD 500 billion, related to loss of productivity and healthcare costs, in the US. Other drug classes that are prone to abuse include antidepressants and central nervous system (CNS) stimulants such as fentanyl and klonopin. In 2017, close to 17,000 deaths were reported to have been the result of an overdose of prescription antidepressants. Most of these deaths (~11,500) involved the misuse of benzodiazepines, such as VALIUM® (diazepam) and XANAX® (alprazolam). CNS stimulants are usually indicated for the treatment of patients suffering from attention-deficit / hyperactivity disorder (ADHD). Among the various overdose-related deaths which took place in 2017, it is worth highlighting that over 12% involved the use of psychostimulants. Prescription drug abuse has prompted pharmaceutical developers to devise various strategies to prevent misuse. Some of the commonly used approaches to abuse deterrence include limiting use of opioids post-surgery, implementing stringent medicine prescribing guidelines and conducting prescription drug monitoring programs, and creating abuse deterrent formulations (ADFs) of drugs that are likely to be misused. Drug formulations that are designed to prevent an active pharmacological substance from being abused have been identified as a viable and sustainable alternative to limiting recreational / off-prescription use of the abovementioned drug classes and its consequences.”

    NUTRIBAND INC. (NASDAQ: NTRB) AND KINDEVA COMPLETE COMMERCIAL MANUFACTURING PROCESS SCALE-UP FOR AVERSA™ FENTANYL ABUSE DETERRENT FENTANYL PATCH

    • Nutriband and Kindeva have completed commercial manufacturing process scale-up for its lead product Aversa™ Fentanyl, an abuse-deterrent fentanyl patch
    • Nutriband is partnering with Kindeva to develop Aversa™ Fentanyl which combines Nutriband’s Aversa™ abuse-deterrent technology with Kindeva’s FDA-approved fentanyl patch

    Nutriband Inc. (NASDAQ:NTRB) (NASDAQ:NTRBW), a company engaged in the development of prescription transdermal pharmaceutical products, today announced that it has completed commercial manufacturing process scale-up for its lead product, Aversa™ Fentanyl, with Kindeva, a leading global contract development and manufacturing organization (CDMO) focused on drug-device combination products.

    Nutriband is partnering with Kindeva to develop Aversa™ Fentanyl which combines Nutriband’s Aversa™ abuse-deterrent technology with Kindeva’s FDA-approved fentanyl patch. Aversa Fentanyl is manufactured at Kindeva’s state-of-the-art transdermal manufacturing facility located in the United States. The next step is to manufacture clinical supplies and file an Investigational New Drug (IND) application with the FDA to initiate a human abuse liability clinical study.

    “We are excited to achieve this commercial development milestone with our partner, Kindeva. Completing the commercial manufacturing scale-up is an important step towards development of a commercially viable product and eventual NDA filing. This achievement demonstrates the compatibility of the Aversa™ abuse deterrent platform technology with established transdermal patch manufacturing processes. Aversa Fentanyl has the potential to be the first abuse deterrent pain patch on the market,” said Gareth Sheridan, CEO, Nutriband.

    Nutriband’s AVERSA™ abuse-deterrent technology can be utilized to incorporate aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential including opioids and stimulants. The AVERSA™ abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse, such as fentanyl, while making sure that these drugs remain accessible to those patients who really need them.

    AVERSA Fentanyl has the potential to be the world’s first abuse-deterrent opioid patch designed to deter the abuse and misuse and reduce the risk of accidental exposure of transdermal fentanyl patches. CONTINUED Read this full press release and more news for NTRB at:   https://www.financialnewsmedia.com/news-ntrb  

    In other developments and happenings in the biotech market recently include:

    Pfizer Inc. (NYSE:PFE) announced involvement in the Abuse Deterrent Market stating that the United States Food and Drug Administration (FDA) had approved an updated label for EMBEDA® (morphine sulfate and naltrexone hydrochloride) extended-release (ER) capsules, for oral use, CII, to include abuse-deterrence studies. The updated label states that EMBEDA has properties that are expected to reduce abuse via the oral and intranasal (i.e., snorting) routes when crushed. However, abuse of EMBEDA by these routes is still possible. The updated label also includes data from a human abuse potential study of intravenous (IV) morphine and naltrexone to simulate crushed EMBEDA. However, it is unknown whether the results with simulated crushed EMBEDA predict a reduction in abuse by the IV route until additional postmarketing data are available. EMBEDA is indicated for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. Pfizer expects EMBEDA will be available in the U.S. in early 2015.

    “Prescription opioids are an important treatment option for people with chronic pain. However, misuse and abuse of opioids in the U.S. is a serious societal concern, which is why the development of abuse-deterrent formulations of these medicines is a high priority,” said Bob Twillman, Ph.D., Director of Policy and Advocacy, American Academy of Pain Management. “All opioid medications, including morphine products, have the potential for abuse. We believe that anything that can be done to reduce this risk is a significant development for healthcare providers and their patients.”

    Collegium Pharmaceutical, Inc. (NASDAQ:COLL) also announced involvement in the Abuse Deterrent Market by stating that U.S. Patent No. 9,044,398 was issued by the U.S. Patent and Trademark Office (USPTO) for its patent application entitled, “Abuse-deterrent Pharmaceutical Compositions of Opioids and Other Drugs”. The issued patent covers the DETERx technology platform and Collegium’s lead product candidate, Xtampza ER (oxycodone extended-release capsules). The claims provide additional coverage for multiple opioid molecules, as well as non-opioid drugs prone to abuse that are developed with the DETERx technology platform. This is the seventh issued U.S. patent related to the DETERx technology platform.

    “This newly issued patent expands our patent coverage for our lead product candidate, Xtampza ER, and the DETERx technology platform. We have a number of additional patent applications currently undergoing the patent prosecution process that, if issued, would continue to protect Xtampza ER, the DETERx technology platform, and additional product candidates in the U.S. and internationally,” said Michael Heffernan, Chairman and CEO of Collegium.

    Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) announced the U.S. Food and Drug Administration (FDA) approved VANTRELATM ER (hydrocodone bitartrate) extended-release tablets [CII] formulated with Teva’s proprietary abuse deterrence technology. VANTRELA ER is indicated for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment and for which alternative treatment options are inadequate. The product’s approval is supported by a clinical program that evaluated the safety and efficacy of VANTRELA ER, as well as its abuse potential in laboratory-based in vitro manipulation and extraction studies, pharmacokinetic studies, and clinical abuse potential (CAP) studies.

    “Teva understands the risk of prescription drug abuse is a challenge healthcare professionals face when treating millions of Americans affected by chronic pain,” said Rob Koremans, MD, President and CEO of Global Specialty Medicines at Teva. “Abuse-deterrent treatments provide options for prescribers that may help deter or mitigate abuse while still preserving access to pain medications for the patients that need them most.”

    Emergent BioSolutions Inc. (NYSE: EBS) is teaming up with Victoria’s Voice Foundation to rally Americans to help save lives from the opioid epidemic on National Naloxone Awareness Day, which honors the late Victoria Siegel and others who have succumbed to overdose. As part of the effort, Victoria’s Voice has launched the “Shine. Wear. Share. Care” campaign to raise awareness and provide educational resources to individuals, organizations and businesses that includes a purple light bulb (Shine), a wearable promotional item (Wear), a QR code encouraging participation in the #sharenaloxone social media campaign (Share) and a box of NARCAN® Nasal Spray (Care) provided by Emergent.

    “It’s been 10 years since our Victoria lost her life to an accidental opioid overdose and we remain fiercely committed to honoring her memory and the memory of others who have succumbed to this same tragedy by fostering open dialogue about the dangers of opioids and precautionary safety measures, so other families don’t have to experience the same tragedy,” said Jackie Siegel, of Victoria’s Voice Foundation. “We’re pleased that Emergent is our sponsor for this year’s National Naloxone Awareness Day to further our shared mission of saving as many lives as possible through naloxone education and distribution.”

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    The MIL Network

  • MIL-OSI Europe: Briefing – What role for AI skills in (re-)shaping the future European workforce – 18-06-2025

    Source: European Parliament 2

    Driven by the rapid pace of technological change and the need for a human-centric approach to the development of artificial intelligence (AI), AI skills have a significant role in shaping the future European workforce. The growing skills gap in the EU, with almost half of the population lacking basic digital skills, including AI skills, poses a significant challenge for the future that needs to be addressed for the EU to maintain its competitiveness and manage regional disparities. Several EU initiatives are under way, including the recently adopted union of skills communication and AI continent action plan. Fostering anticipatory governance, a culture of innovation, supporting diversity and inclusiveness in the AI workforce, and strengthening digital infrastructure are all critical to ensuring that the benefits of AI are shared by all, while minimising its negative impacts. Aligning with European values will be important to ensure fairness in this process. The EU’s future prosperity depends on using AI’s potential while basing it on a human-centric approach and ethical development, ensuring transparency and accountability, as well as prioritising people’s wellbeing. Targeted investment in EU-wide digital infrastructure and education that emphasises lifelong learning and skills development could ensure balanced economic growth and competitiveness in the global talent market. By examining the multifaceted interaction between AI, skills and jobs, a way forward may be identified that focuses on the needs of EU citizens and ensures that the future European workforce – and citizens in general – are equipped to succeed in an increasingly automated and AI-driven economy.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: DfE Update: 18 June 2025

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    DfE Update: 18 June 2025

    Latest information and actions from the Department for Education about funding, assurance and resource management, for academies, local authorities and further education providers.

    Applies to England

    Documents

    Details

    Latest for further education

    Article Title
    Action College financial data (CFD) service portal now available
    Information 2024 to 2025 year-end forecast funding claim: indicative reconciliation statement(s)
    Information Adult residency eligibility criteria simplification
    Information Free Courses for Jobs construction expansion

    Latest information for academies

    Article Title
    Information Academies chart of accounts 2025 to 2026
    Information DfE Connect is now available to multi-academy trusts
    Events and webinars Q&A drop-in sessions: Academies chart of accounts and automation
    Events and webinars Academies technical update 2025 to 2026
    Events and webinars Academies technical update 2025 to 2026
    Events and webinars Academies technical update 2025 to 2026
    Events and webinars RPA members only: Crime resilience workshop
    Events and webinars DfE Energy for schools: simplified buying of gas and electricity
    Events and webinars The Risk Protection Arrangement (RPA) webinar
    Events and webinars Plan technology for your school

    Latest information for local authorities

    Article Title
    Information 2024 to 2025 year-end forecast funding claim: indicative reconciliation statement(s)
    Information Adult residency eligibility criteria simplification
    Information Free Courses for Jobs construction expansion
    Events and webinars RPA members only: Crime resilience workshop
    Events and webinars DfE Energy for schools: simplified buying of gas and electricity
    Events and webinars The Risk Protection Arrangement (RPA) webinar
    Events and webinars Plan technology for your school

    Updates to this page

    Published 18 June 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Schools in Edinburgh adopt Scottish Government guidance on school uniforms

    Source: Scotland – City of Edinburgh

    Last week, Councillors agreed at Education, Children and Families Committee that the Scottish Government guidance on school uniform will apply to all City of Edinburgh Council schools.

    In line with the decision, schools in the city should not require branded school items as a compulsory part of their uniform policy. Uniform policies should be flexible and include plain and non-branded uniform items that match school colours. Blazers and branded items of uniform will no longer be compulsory, encouraged or promoted by schools.

    Schools in Edinburgh will continue to have uniforms but parents and carers will have wider choice on where they choose to purchase school uniform items and on how much they wish to spend.

    In recent years the cost of school uniform has steadily increased and for some families, uniform costs, especially for higher priced branded and embroidered items, represent a significant impact on household budgets. Schools are expected to do all that they can to limit school clothing costs for families.

    In line with this new guidance, parents or carers should not be directed to specialist suppliers to purchase branded items.

    Councillor James Dalgleish, Education, Children and Families Convener said:

    We are committed to tackling poverty and inequality in our schools and it is clear that the cost of school uniform items has, for some, created a barrier to school education. One of the ways we are addressing this is by removing the need for parents and carers to be compelled to spend more money than is necessary on school uniform.

    The Scottish Government guidance makes clear the rationale behind the new approach to school uniforms. It is the right thing to do make changes that will have a positive financial impact on families by reducing the cost of the school day, while also creating a more inclusive school environment and promoting sustainability. I am pleased that members of the Education, Children and Families Committee have agreed this positive step forward which is focused on supporting all pupils to come to school feeling comfortable, confident and ready to learn.

    Published: June 18th 2025

    MIL OSI United Kingdom