NewzIntel.com

Category: Economy

  • MIL-OSI Russia: More than 700 trees were planted on the Yauza embankments

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Specialists from the city’s municipal services complex have planted more than 700 large trees on the embankments of the Yauza River that were landscaped last year. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “Greening is a mandatory component of all capital improvement projects. Maples, apple trees, oaks and elms from two to six meters high were planted on the embankments of the Yauza River. All trees are adapted to the difficult conditions of the metropolis and the visual appearance of the street space,” noted Petr Biryukov.

    Planting trees is one of the most important areas of creating a comfortable urban environment. Green spaces clean the air, protect from street noise and road dust, create shade and coolness on hot days. Thanks to this, any territory becomes more comfortable and cozy. Specialists plant adult trees, previously grown in nurseries, where they were prepared for transplantation.

    The head of the city economy complex explained that trees are planted in pre-prepared holes with fertile soil and a drainage layer. It protects the roots from rotting and provides the necessary ventilation.

    About eight thousand large-sized trees will be planted in Moscow annually — Sobyanin

    Get the latest news quickly official telegram channel the city of Moscow.

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155340073/

    MIL OSI Russia News –

  • MIL-OSI: Button Unveils “Creator Media,” Empowering the Creator Economy with Retail Media Alongside Leading Creator Companies at Cannes Lions, Following Major New Funding by PSG

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Button, the creator commerce and retail media platform, today announced its newest innovation, “Creator Media,” in a groundbreaking partnership with leading creator companies. The new solution was officially unveiled today at the Cannes Lions International Festival of Creativity, where one year ago, Button introduced its innovative Retail Media Inventory Solution in partnership with industry giants. Today marks the exciting expansion of that product. Button has extended the same infrastructure beyond retailers and publishers, now to creators and networks, connecting the dots between content, commerce, and conversion.

    This announcement follows a strategic growth investment from PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to capitalize on transformational growth.

    Button’s announcement of Creator Media capitalizes on the explosive growth of both the creator economy, currently estimated at over $250 billion, and the rapidly expanding retail media sector, which is expected to surpass $180 billion in market size in 2025. These advancements have been driven by brands increasingly prioritizing reaching users and seeking to find high-intent offsite partners that will re-engage users and drive brand sales.

    Creator Media, powered by Button and in partnership with a collection of industry leading creator companies, seamlessly integrates retail media strategies into creator content – enabling brands, sellers, and the manufacturers of products to connect performance budgets to creators.

    Creator Media and the interest surrounding this launch validate that the largest trends of the year are combining. This convergence is fostering a tidal wave of change and opportunity, bigger than what the advertising industry has seen since the advent in mobile.

    By enabling creator networks and their creators to have unprecedented opportunities to monetize their influence by driving measurable sales of brands, sellers, and manufacturers’ products, a new opportunity for growth is emerging for creators. In the same way, brands gain access to authentic and engaging content from trusted voices, enhancing their exposure in performant and transparent ways that were previously hard to scale.

    “The launch of Creator Media marks a pivotal moment in recognizing the immense value creators bring to the commerce landscape,” said Michael Jaconi, Co-Founder and CEO of Button. “By introducing this capability, we’re betting on our role as an underpinning of this economy – one built to help creator networks, creator agencies, and their retail partners unveil new ways to create more value together. We see ourselves as the infrastructure of the creator economy, and every day, we’re inventing solutions that give our creator platform partners and our retail partners more ways to grow.”

    Evan Wray, President at Later, shared, “Button is always pushing the envelope on innovation and testing of new concepts in the market. The combination of brand and seller budgets alongside creators’ high intent traffic is a recipe for success that Later and Mavely is excited to be building upon.”

    Sam Else, Senior Director of Business Development at Linktree, shared, “After integrating Button into our Linktree Shops program, the conversion rate on product purchases increased, enabling creators on our platform to make more money.”

    What is Creator Media?

    Button’s newest feature leveraging the Button infrastructure, enabling retail media inventory and retail media powered links from these 3 marketer types to be seamlessly enabled in Creators’ campaign creation processes.

    How it works for users?

    While users are shopping, they’ll either see new content on creator pages through sponsored content widgets or through landing pages that populate along their shopping journeys. These experiences provide access to products that complement their current shopping experience.

    How it works for Creators?

    As creators create content, they’ll be prompted with specific Creator Media campaigns that are relevant to the content they’ve created in the past or that they’re in the process of creating. At the tap of a Button, they’ll be able to activate these campaigns.

    How it works for Marketers?

    Today’s program is a closed beta, and companies that partner with Underscore, The Shelf, Mavely, and Linktree are the only companies with access today. If you’d like to participate, please reach out to marketing@usebutton.com.

    About Button

    Button is the leading mobile commerce and retail media platform built for the creator economy. Powering frictionless commerce experiences between the world’s largest retailers, publishers, and creator networks, Button is one of the largest independent drivers of commerce on the internet. Button drives over $1B in commerce per month, and has been named a best place to work every year since its founding. It’s now backed by PSG, one of the world’s most renowned growth equity companies.

    About PSG

    PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. Having backed more than 150 companies and facilitated over 520 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Madrid, Paris, and Tel-Aviv.

    Contact: 
    Rachel@samsonpr.com

    The MIL Network –

  • MIL-OSI: Municipality Finance issues EUR 10 million zero coupon notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    17 June 2025 at 10:00 am (EEST)

    Municipality Finance issues EUR 10 million zero coupon notes under its MTN programme

    Municipality Finance Plc issues EUR 10 million zero coupon notes on 18 June 2025. The maturity date of the notes is 18 June 2065. MuniFin has a right, but no obligation, to redeem the notes early on 18 June 2035.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 18 June 2025.

    Goldman Sachs Bank Europe SE acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-Evening Report: Decoding PNG leader Marape’s talks with French President Macron

    ANALYSIS: By Scott Waide, RNZ Pacific PNG correspondent

    The recent series of high-level agreements between Papua New Guinea and France marks a significant development in PNG’s geopolitical relationships, driven by what appears to be a convergence of national interests.

    The “deepening relationship” is less about a single personality and more about a calculated alignment of economic, security, and diplomatic priorities with PNG, taking full advantage of its position as the biggest, most strategically placed island player in the Pacific.

    An examination of the key outcomes reveals a partnership of mutual benefit, reflecting both PNG’s strategic diversification and France’s own long-term ambitions as a Pacific power.

    A primary driver is the shared economic rationale. From Port Moresby’s perspective, the partnership offers a clear path to economic diversification and resilience.

    But many in PNG have been watching with keen interest and asking: how badly does PNG want this?

    While Prime Minister James Marape offered France a Special Economic Zone in Port Moresby (SEZ) for French businesses, he also named the lookout at Port Moresby’s Variarata National Park after President Emmanuel Macron drawing the ire of many in the country.

    The proposal to establish a SEZ specifically for French industries is a notable attempt to attract capital from beyond PNG’s traditional partners.

    Strategically coupled
    This is strategically coupled with securing the future of the multi-billion-dollar Papua LNG project.

    Macron’s personal undertaking to work with TotalEnergies to keep the project on schedule provides crucial stability for one of PNG’s most significant economic ventures.

    For France, these arrangements secure a major energy investment for its national corporate champion and establish a stronger economic foothold in a strategically vital region between Asia and the Pacific.

    In the area of security, the relationship addresses tangible needs for both nations.

    PNG is faced with the immense challenge of monitoring a 2.4 million sq km Exclusive Economic Zone, making it vulnerable to illegal, unreported, and unregulated (IUU) fishing.

    The finalisation of a Shiprider Agreement with France provides a practical force-multiplier, leveraging French naval assets to enhance PNG’s maritime surveillance capabilities. This move, along with planned defence talks on air and maritime cooperation, allows PNG to diversify its security architecture.

    For France, a resident power with Pacific territories like New Caledonia and French Polynesia, participating in regional security operations reinforces its role and commitment to stability in the Indo-Pacific.

    Elevating diplomatic influence
    The partnership is also a vehicle for elevating diplomatic influence.

    Port Moresby has noted the significance of engaging with a partner that holds permanent membership on the UN Security Council and seats at the G7 and G20.

    This alignment provides PNG with a powerful channel to global decision-making forums. The reciprocal move to establish a PNG embassy in Paris further cements the relationship on a mature footing.

    The diplomatic synergy is perhaps best illustrated by France’s full endorsement of PNG’s bid to host a future UN Ocean Conference. This support provides PNG with a major opportunity to lead on the world stage, while allowing France to demonstrate its credentials as a key partner to the Pacific Islands.

    This deepening PNG-France partnership does not exist in a vacuum.

    It is unfolding within a broader context of heightened geopolitical competition across the Pacific.

    The West’s view of China’s rapid emergence as a dominant economic and military force in the region has reshaped the strategic landscape, prompting traditional powers to re-engage with renewed urgency.

    increased diplomatic footprint
    The United States has responded by significantly increasing its diplomatic and security footprint, a move marked by Secretary of State Antony Blinken’s visit to Port Moresby to sign the Defence Cooperation Agreement.

    Similarly, Australia, PNG’s traditional security partner, is working to reinforce its long-standing influence through initiatives like the multi-million-dollar deal to establish a PNG team in its National Rugby League (NRL), a soft-power exercise reportedly linked to security outcomes.

    This competitive environment has, in turn, created greater agency for Pacific nations, allowing them to diversify their partnerships beyond old allies and providing a fertile ground for European powers like France to assert their own strategic interests.

    A strong foundation for the relationship is a shared public stance on environmental stewardship. The agreement on the need for rigorous scientific studies before any deep-sea mining occurs aligns PNG’s national policy with a position of environmental caution.

    This common ground extends to broader climate action, where France’s commitment to conservation in the Pacific resonates with PNG’s status as a frontline nation vulnerable to climate change.

    This alignment on values provides a durable and politically important basis for cooperation, allowing both nations to jointly advocate for climate justice and ocean protection.

    For the Papua New Guinea economy, this deepening partnership with France is critically important as it provides high-level stability for the multi-billion-dollar Papua LNG project and creates a direct pathway for new investment through a proposed SEZ for French businesses.

    Vital economic resource
    Furthermore, by moving to finalise a Shiprider Agreement to combat illegal fishing, the government is actively protecting a vital economic resource.

    For Marape’s credibility in local politics, these outcomes are tangible successes he can present to the nation as he battles a massive credibility dip in recent years.

    Securing a personal undertaking from the leader of a G7 nation, gaining support for PNG to host a future UN Ocean Conference, and enhancing national security demonstrates effective leadership on the world stage.

    This allows him to build a narrative of a competent statesman who, through “warm, personal relationships”, can deliver on promises of economic opportunity and national security while strengthening his political standing at home.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Decoding PNG leader Marape’s talks with French President Macron

    ANALYSIS: By Scott Waide, RNZ Pacific PNG correspondent

    The recent series of high-level agreements between Papua New Guinea and France marks a significant development in PNG’s geopolitical relationships, driven by what appears to be a convergence of national interests.

    The “deepening relationship” is less about a single personality and more about a calculated alignment of economic, security, and diplomatic priorities with PNG, taking full advantage of its position as the biggest, most strategically placed island player in the Pacific.

    An examination of the key outcomes reveals a partnership of mutual benefit, reflecting both PNG’s strategic diversification and France’s own long-term ambitions as a Pacific power.

    A primary driver is the shared economic rationale. From Port Moresby’s perspective, the partnership offers a clear path to economic diversification and resilience.

    But many in PNG have been watching with keen interest and asking: how badly does PNG want this?

    While Prime Minister James Marape offered France a Special Economic Zone in Port Moresby (SEZ) for French businesses, he also named the lookout at Port Moresby’s Variarata National Park after President Emmanuel Macron drawing the ire of many in the country.

    The proposal to establish a SEZ specifically for French industries is a notable attempt to attract capital from beyond PNG’s traditional partners.

    Strategically coupled
    This is strategically coupled with securing the future of the multi-billion-dollar Papua LNG project.

    Macron’s personal undertaking to work with TotalEnergies to keep the project on schedule provides crucial stability for one of PNG’s most significant economic ventures.

    For France, these arrangements secure a major energy investment for its national corporate champion and establish a stronger economic foothold in a strategically vital region between Asia and the Pacific.

    In the area of security, the relationship addresses tangible needs for both nations.

    PNG is faced with the immense challenge of monitoring a 2.4 million sq km Exclusive Economic Zone, making it vulnerable to illegal, unreported, and unregulated (IUU) fishing.

    The finalisation of a Shiprider Agreement with France provides a practical force-multiplier, leveraging French naval assets to enhance PNG’s maritime surveillance capabilities. This move, along with planned defence talks on air and maritime cooperation, allows PNG to diversify its security architecture.

    For France, a resident power with Pacific territories like New Caledonia and French Polynesia, participating in regional security operations reinforces its role and commitment to stability in the Indo-Pacific.

    Elevating diplomatic influence
    The partnership is also a vehicle for elevating diplomatic influence.

    Port Moresby has noted the significance of engaging with a partner that holds permanent membership on the UN Security Council and seats at the G7 and G20.

    This alignment provides PNG with a powerful channel to global decision-making forums. The reciprocal move to establish a PNG embassy in Paris further cements the relationship on a mature footing.

    The diplomatic synergy is perhaps best illustrated by France’s full endorsement of PNG’s bid to host a future UN Ocean Conference. This support provides PNG with a major opportunity to lead on the world stage, while allowing France to demonstrate its credentials as a key partner to the Pacific Islands.

    This deepening PNG-France partnership does not exist in a vacuum.

    It is unfolding within a broader context of heightened geopolitical competition across the Pacific.

    The West’s view of China’s rapid emergence as a dominant economic and military force in the region has reshaped the strategic landscape, prompting traditional powers to re-engage with renewed urgency.

    increased diplomatic footprint
    The United States has responded by significantly increasing its diplomatic and security footprint, a move marked by Secretary of State Antony Blinken’s visit to Port Moresby to sign the Defence Cooperation Agreement.

    Similarly, Australia, PNG’s traditional security partner, is working to reinforce its long-standing influence through initiatives like the multi-million-dollar deal to establish a PNG team in its National Rugby League (NRL), a soft-power exercise reportedly linked to security outcomes.

    This competitive environment has, in turn, created greater agency for Pacific nations, allowing them to diversify their partnerships beyond old allies and providing a fertile ground for European powers like France to assert their own strategic interests.

    A strong foundation for the relationship is a shared public stance on environmental stewardship. The agreement on the need for rigorous scientific studies before any deep-sea mining occurs aligns PNG’s national policy with a position of environmental caution.

    This common ground extends to broader climate action, where France’s commitment to conservation in the Pacific resonates with PNG’s status as a frontline nation vulnerable to climate change.

    This alignment on values provides a durable and politically important basis for cooperation, allowing both nations to jointly advocate for climate justice and ocean protection.

    For the Papua New Guinea economy, this deepening partnership with France is critically important as it provides high-level stability for the multi-billion-dollar Papua LNG project and creates a direct pathway for new investment through a proposed SEZ for French businesses.

    Vital economic resource
    Furthermore, by moving to finalise a Shiprider Agreement to combat illegal fishing, the government is actively protecting a vital economic resource.

    For Marape’s credibility in local politics, these outcomes are tangible successes he can present to the nation as he battles a massive credibility dip in recent years.

    Securing a personal undertaking from the leader of a G7 nation, gaining support for PNG to host a future UN Ocean Conference, and enhancing national security demonstrates effective leadership on the world stage.

    This allows him to build a narrative of a competent statesman who, through “warm, personal relationships”, can deliver on promises of economic opportunity and national security while strengthening his political standing at home.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Africa: Beninese small business gain international presence and know-how

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

    Download logo

    Benin wants to grow its exports, especially by small businesses working in food and technology. The African country believes this is the best way to lift its economy from the ranks of least developed countries.

    A key milestone in that effort is the creation of a new Pôle Export, a platform that will make it easier for entrepreneurs to enter international markets.

    Pôle Export is the centrepiece of a project at the Interantional Trade Centre (ITC), which is working with both the government and with small businesses to boost the country’s exports.

    The government has created new Directorate for Export Promotion, known by its French acronym DPE. It sits within the Import and Export Promotion Agency (APIEx), but it’s more than an organizational change. It’s a new way of thinking about exports, with a targeted approach that focuses on agribusiness and digital trade.

    Since February, the Pôle Export is has its own director to coordinate its activities. A team of government trade exports has been assigned to support him, along with eight Beninese consultants recruited by ITC to build up their skills.

    Three advisors are focussed on priority export areas, including agribusinesses and textiles and clothing. Three others have already worked with 21 small business on their branding and e-commerce operations. Two more will provide DPE staff with training in market analysis tools. 

    The ITC work is under a project called Support to operationalize the APIEx Pôle Export, known simply as ProPex. The Embassy of the Netherlands funds the project, which began in February 2025. A steering committee meeting on 6 May marked ProPex’s official launch.

    The Export Promotion Directorate is the backbone of Benin’s ambitions to expand into international markets, offering targeted export support services tailored to priority sectors,’ said ITC country manager Ludmila Azo. ‘Through the PROPEX project, we aim to strengthen this institutional lever by providing it with the skills, tools and systems necessary to provide strategic and high-impact support to SMEs ready to export.’

    Upgrading digital services

    The APIEx website is being upgraded to include trade information tools, as well as a small business marketplace and sector-specific content.

    ProPex stands out because of how it centres participatory governance. Three thematic working groups structure their services within the National Export Strategy, which was also crafted with ITC support.

    Regular briefings between ITC, APIEx and other partners ensure close monitoring of progress. By focussing on sustainability and capitalization, ProPex is laying the foundation for a robust export ecosystem in Benin.

    – on behalf of International Trade Centre.

    MIL OSI Africa –

  • MIL-OSI Russia: The UN General Assembly declared December 4 as the day of struggle against unilateral sanctions

    Translation. Region: Russian Federal

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

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

    UNITED NATIONS, June 17 (Xinhua) — The United Nations General Assembly on Monday declared December 4 as the International Day against Unilateral Coercive Measures.

    The adopted resolution calls on States to refrain from adopting, enacting or applying any unilateral economic, financial or trade measures that are not in accordance with international law and the UN Charter and that impede or undermine the full achievement of socio-economic development, particularly in developing countries.

    The document notes that the establishment of the International Day will complement ongoing efforts to raise global awareness of the negative consequences of unilateral coercive measures and will contribute to strengthening international cooperation and solidarity between countries in eliminating the consequences of such sanctions.

    The resolution was supported by 116 delegations, 51 countries voted against, and six abstained. The countries of the Global North voted against, including the EU, Australia, the UK, Canada, Japan and the US. –0–

    MIL OSI Russia News –

  • MIL-OSI Australia: Community voices help shape adopted Council Plan 2025-2029

    Source: New South Wales Ministerial News

    The newly adopted Council Plan Mir wimbul 2025–2029 outlines how Council will guide Greater Bendigo’s growth and wellbeing over the next four years, with strong community voices at the heart of its development.

    The Council Plan is a comprehensive blueprint for improving and developing Greater Bendigo over the next four years and includes the Municipal Public Health and Wellbeing Plan. It guides all the detailed plans and activities in Greater Bendigo.

    For the first time, the Budget and the new Council Plan have been developed at the same time ensuring alignment between the goals of the Council and the sustainable financial planning and actions for the Budget 2025/2026 and the next three Budgets.

    The Council Plan also informs the Financial Plan 2025-2035, the Revenue & Rating Plan 2025-2029, and the Annual Budget. These documents were all adopted at last night’s Council meeting.

    Mayor Cr Andrea Metcalf said she was proud to present the new Council Plan.

    “A fantastic collective effort from the community has gone into developing the Council Plan Mir wimbul 2025-2029. I’d like to take this opportunity to thank the many hundreds of people from our diverse community who have given their time to be part of developing this plan. We thank all the partner organisations that have helped create this plan. We gratefully acknowledge the support of both DJAARA and Taungurung Land and Waters Council as representatives of the Traditional Owners of the lands that Greater Bendigo is on,” Cr Metcalf said.

    “People shared their top priorities on what they value most about living in Greater Bendigo, its challenges and how best to shape its future and this has been reflected in the newly adopted Council Plan.

    “To ensure that we put words into action, the specific work that the City will do to deliver this Council Plan is contained in an action plan released annually as part of the Budget. This ensures we have the resources to deliver on our commitments.

    “The Council Plan focuses on efficient and sustainable operations that get the basics right. By incorporating the Municipal Public Health and Wellbeing Plan, we are also focused on creating a welcoming community and healthy environment that supports our people to thrive. The health plan shows how we will work with our health partners to improve wellbeing in Greater Bendigo.

    “The four-year Council Plan has been developed following extensive consultation with the Greater Bendigo community, City partners, local stakeholder groups, and Greater Bendigo Councillors that began in late 2024. Public consultation included two community-wide surveys, a series of focus groups, meetings with community representative groups, information from the City of Greater Bendigo’s online engagement platform Let’s Talk, and customer requests.

    “In March 2025, the City hosted a community deliberative panel. Two hundred people registered their interest to take part and 42 people were randomly selected to represent the diversity of the municipality. They included people from over 20 local areas and many different ages, genders and backgrounds. The panel members participated in sessions over three days. Collectively they produced community guidance for Councillors to use when making decisions on behalf of the whole community. They also refreshed the current Community Vision for Greater Bendigo.”

    The Council Plan is structured around four themes, linked to 12 goals and 34 priorities.

    The themes are:

    • Responsible – Running an effective, fair, and efficient organisation
    • Healthy – Protecting and improving our physical, mental, and environmental health
    • Thriving – Managing our growth, including businesses, housing, heritage, and creativity
    • Welcoming – Celebrating and including everyone in our community

    “I am proud this plan reflects a wide range of community voices and outlines how we’ll meet future challenges. It’s about getting the basics right while building a healthy, inclusive, and thriving Greater Bendigo,” Cr Metcalf said.

    MIL OSI News –

  • MIL-OSI: Iress partners with interop.io to deliver future-ready trading experiences

    Source: GlobeNewswire (MIL-OSI)

    Sydney, London, New York, June 17, 2025 (GLOBE NEWSWIRE) — Iress today announced that it has partnered with the interoperability platform, interop.io, as part of the company’s broader strategy to focus and reinvest in its core trading and market data products. The partnership supports Iress’ commitment to delivering modular, personalised and high-performance trading experiences for its global trading and market data clients.

    interop.io provides the interoperability platform for capital markets firms to unify multiple applications into a harmonised smart desktop, in an aim to increase efficiencies and enable end-users to focus on higher value tasks.

    Through the partnership, Iress’ global trading and market data clients will be able to seamlessly connect and integrate third-party applications, news sources and notifications into a single workspace (known as “MyIress”), optimising trading workflows and reducing the manual risk associated with entering information across multiple platforms. By adopting open APIs and FDC3 interoperability standards, clients can embed custom or proprietary user interfaces, giving them full control to personalise and scale their workflows.

    Iress’ Executive General Manager – Product & Development, Michael Barbera, said: “This partnership marks a key milestone in Iress’ focus and reinvestment in trading technology. Through MyIress, we’re delivering a more scalable and personalised future, empowering clients to tailor their workflows, operate seamlessly across markets and time zones, and stay ahead in an increasingly complex, fast-moving landscape. 

    “Today’s trading landscape is shifting fast, with extended trading market hours, accelerated post-trade cycles, and heightened regulatory demands reshaping operational expectations for trading firms. Traders need to be agile, compliant and operationally resilient to maintain competitive edge across global markets. At the same time, firms are under pressure to modernise legacy infrastructure without costly replatforming.

    “Iress’ partnership with interop.io, which underpins MyIress, enables us to deliver zero-install, scalable architecture that reduces reliance on legacy systems and supports traders in designing high-performance workflows that suit their strategy, region or asset class choice. Interoperable systems are easier to monitor, test and audit, making them better suited to meet changing regulatory requirements, while providing enhanced compliance oversight via automated trade monitoring, reporting and real-time data sharing.”

    interop.io. CEO, Leslie Spiro, said: “There’s an ongoing industry focus on improving connectivity between market participants through technology that supports interoperability. We’re delighted to be partnering with Iress to deliver a best-of-breed ecosystem that enhances the user experience for their global trading and market data clients and ultimately improves the experience across the trading industry.”

    For more information on Iress’ trading and market data solutions click here.

    Ends

    Iress

    Tina Kane
    Mobile: +44 (0) 7887 947329 
    Email: tina.kane@therealizationgroup.com

    About Iress

    Iress (IRE.ASX) is a technology company providing software to the financial services industry. We provide software and services for trading & market data, financial advice, investment management, superannuation, life & pensions and data intelligence in Asia-Pacific, North America, Africa, the UK and Europe.

    www.iress.com

    About interop.io

    interop.io was formed in June 2023 through the merger of Finsemble and Glue42 to create the global powerhouse driving application interoperability in capital markets and beyond. Leveraging FDC3 and workflow automation, interop.io allows clients to create Straight-Through Workflows and benefit from unparalleled levels of business agility, a more productive workforce and better operational control. The firm employs over 120 people including 100 full-time R&D and implementation engineers located in New York, Charlottesville, London, and Sofia. For more information, visit interop.io.

    The MIL Network –

  • MIL-OSI: Iress partners with interop.io to deliver future-ready trading experiences

    Source: GlobeNewswire (MIL-OSI)

    Sydney, London, New York, June 17, 2025 (GLOBE NEWSWIRE) — Iress today announced that it has partnered with the interoperability platform, interop.io, as part of the company’s broader strategy to focus and reinvest in its core trading and market data products. The partnership supports Iress’ commitment to delivering modular, personalised and high-performance trading experiences for its global trading and market data clients.

    interop.io provides the interoperability platform for capital markets firms to unify multiple applications into a harmonised smart desktop, in an aim to increase efficiencies and enable end-users to focus on higher value tasks.

    Through the partnership, Iress’ global trading and market data clients will be able to seamlessly connect and integrate third-party applications, news sources and notifications into a single workspace (known as “MyIress”), optimising trading workflows and reducing the manual risk associated with entering information across multiple platforms. By adopting open APIs and FDC3 interoperability standards, clients can embed custom or proprietary user interfaces, giving them full control to personalise and scale their workflows.

    Iress’ Executive General Manager – Product & Development, Michael Barbera, said: “This partnership marks a key milestone in Iress’ focus and reinvestment in trading technology. Through MyIress, we’re delivering a more scalable and personalised future, empowering clients to tailor their workflows, operate seamlessly across markets and time zones, and stay ahead in an increasingly complex, fast-moving landscape. 

    “Today’s trading landscape is shifting fast, with extended trading market hours, accelerated post-trade cycles, and heightened regulatory demands reshaping operational expectations for trading firms. Traders need to be agile, compliant and operationally resilient to maintain competitive edge across global markets. At the same time, firms are under pressure to modernise legacy infrastructure without costly replatforming.

    “Iress’ partnership with interop.io, which underpins MyIress, enables us to deliver zero-install, scalable architecture that reduces reliance on legacy systems and supports traders in designing high-performance workflows that suit their strategy, region or asset class choice. Interoperable systems are easier to monitor, test and audit, making them better suited to meet changing regulatory requirements, while providing enhanced compliance oversight via automated trade monitoring, reporting and real-time data sharing.”

    interop.io. CEO, Leslie Spiro, said: “There’s an ongoing industry focus on improving connectivity between market participants through technology that supports interoperability. We’re delighted to be partnering with Iress to deliver a best-of-breed ecosystem that enhances the user experience for their global trading and market data clients and ultimately improves the experience across the trading industry.”

    For more information on Iress’ trading and market data solutions click here.

    Ends

    Iress

    Tina Kane
    Mobile: +44 (0) 7887 947329 
    Email: tina.kane@therealizationgroup.com

    About Iress

    Iress (IRE.ASX) is a technology company providing software to the financial services industry. We provide software and services for trading & market data, financial advice, investment management, superannuation, life & pensions and data intelligence in Asia-Pacific, North America, Africa, the UK and Europe.

    www.iress.com

    About interop.io

    interop.io was formed in June 2023 through the merger of Finsemble and Glue42 to create the global powerhouse driving application interoperability in capital markets and beyond. Leveraging FDC3 and workflow automation, interop.io allows clients to create Straight-Through Workflows and benefit from unparalleled levels of business agility, a more productive workforce and better operational control. The firm employs over 120 people including 100 full-time R&D and implementation engineers located in New York, Charlottesville, London, and Sofia. For more information, visit interop.io.

    The MIL Network –

  • MIL-OSI: Bitget Joins UNICEF Game Changers Coalition to Provide Blockchain Education to 300K People in 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles and LUXEMBOURG, June 17, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has entered a three-year partnership with UNICEF Luxembourg to advance digital skills and blockchain literacy among young people.

    The partnership enrolls Bitget into the Game Changers Coalition (GCC) led by UNICEF Office of Innovation (OOI). Support from Bitget will help reach 300,000 people – including adolescent girls, parents, mentors and teachers with blockchain skills – across eight countries; Armenia, Brazil, Cambodia, India, Kazakhstan, Malaysia, Morocco, and South Africa.

    Photo from Press Conference (from left to right): Paul Heber, Chief Communications Officer, UNICEF Luxembourg; Gracy Chen, CEO, Bitget; Yannick Naud, Innovative Finance, UNICEF Luxembourg

    Through the partnership, Bitget Academy, the educational arm of Bitget, will help develop UNICEF’s first interactive, online and in-person blockchain training module based on video games creation skills development for teachers and young people. This is a welcome inclusion to a curriculum already reaching hundreds of thousands of people. Support from Bitget will also help expand the Coalition’s reach to a ninth country.

    “This partnership reflects our shared belief that digital skills are a powerful driver of opportunity and inclusion,” said Sandra Visscher, Executive Director of UNICEF Luxembourg. “By collaborating with Bitget, we want to provide adolescents and young people with the tools, knowledge, and confidence to shape their own futures. Innovation should be a force for inclusion, opening doors, broadening horizons, and ensuring that technology works for everyone, everywhere.”

    In a move to extend the ecosystem’s reach, Bitget will also aim to introduce UNICEF to leading blockchain protocols and developers from across the Web3 landscape to participate in the educational initiative. These contributors could serve as mentors and partners, offering diverse perspectives and possibilities for blockchain technologies.

    “Emerging technologies should not be reserved for the privileged few—they must be introduced early and equitably. Blockchain, with its real-world use case and potential for social good, is one of the most powerful tools we can give to our younger generation to build products that change the way we look at modern society. With Blockchain4Her, what began as a mission to empower hundreds of women has scaled into a global movement to educate thousands of girls. This is the kind of scale and impact blockchain was built for,” said Gracy Chen, CEO at Bitget.

    Every year, adolescent girls and young women in low and middle-income countries miss out on USD 15 billion in economic opportunities due to a gap in internet access and digital skills relative to their male peers. With 90 per cent of jobs today requiring digital competencies, the Game Changers Coalition responds to the urgency of closing the gender digital skills gap.

    Together, Bitget and UNICEF are working to build a scalable, inclusive model that equips young women with the tools to navigate and shape the digital economy of tomorrow.

    As part of the Game Changers Coalition, Bitget joins the Global Video Game Coalition, Micron Foundation and ecosystem builders – Women in Games in a shared ambition to reach 1.1 million girls by 2027, with learning and skills-building opportunities.

    With the help of Bitget Academy, and support from the $10M initiative Blockchain4Her, Bitget plans to enhance digital literacy and financial independence among women taught to them at a young age.

    Bitget’s Blockchain4Her initiative has previously supported women through mentorship programs, funding opportunities, and educational resources.

    Together, Bitget and UNICEF Luxembourg aim to empower a new generation of girls with the knowledge and skills they need to participate actively in the evolving crypto economy.

    About Bitget

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

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

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

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

    Bitget

    This is not the first time Bitget has worked with an UN agency. Gracy Chen, is a UN women delegate. During last Ramadan, Bitget partnered up with world-renowned humanitarian organizations, including the UN Refugee Agency, UN World Food Programme, ShareTheMeal, and the One Billion Meals Endowment to donate thousands of meals. Under $10M Blockchain4Her, promising projects led by women were supported and awards were rewarded for the inspiring contributions of more. Hosting over 10 meetups globally, more than a thousand women participated in networking, learning, and driving innovation in the blockchain space.

    About UNICEF

    UNICEF works in over 190 countries and territories to reach the most disadvantaged children and build a better world for every child.
    UNICEF Luxembourg supports this global mission by mobilizing private sector partnerships and voluntary contributions. It also advocates nationally to uphold children’s rights—focusing on reducing inequalities, promoting gender equality, tackling child poverty, supporting mental well-being, and improving access to justice for every child.

    Disclaimer: UNICEF does not endorse any company, brand, product or service. This partnership is focused solely on supporting education outcomes for children.

    For more information, visit: Website | Facebook | Instagram | x.com | LinkedIn
    For media inquiries, please contact: UNICEF Luxembourg, Paul Heber, Chief Communication | T (+352) 448715 | M (+352)691198105 | pheber@unicef.lu

    About the Game Changers Coalition
    Building on UNICEF’s existing work of providing girls with digital and 21st-century skills through the Skills4Girls portfolio, spanning 22 countries and reaching close to 6 million girls, the Game Changers Coalition is UNICEF’s platform to convene the video gaming sector and tech industry with the aim to equip this and coming generation of girls with the skills they need and want in Science, Technology, Engineering, Arts and Math (STEAM) to become coders, designers, and leaders of a more inclusive, diverse, and safer digital future.

    Find out more here.

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/0daf6ba6-21cd-44dc-a7f0-fee2a8efbf28
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d0a53fb7-9043-4464-af17-4ac1043cd304

    The MIL Network –

  • EU readies ban on Russian gas imports by end of 2027

    Source: Government of India

    Source: Government of India (4)

    The European Commission is set to propose on Tuesday a ban on EU imports of Russian gas and liquefied natural gas by the end of 2027, using legal measures to ensure the plan cannot be blocked by EU members Hungary and Slovakia.

    The proposals will set out how the European Union plans to fix into law its vow to end decades-old energy relations with Europe’s former top gas supplier Russia, made after Moscow’s 2022 full-scale invasion of Ukraine.

    An internal Commission summary of the upcoming proposal, seen by Reuters, said it would fix into law a ban on imports of Russian pipeline gas and LNG from January 1, 2026, with longer deadlines for certain contracts.

    Short-term Russian gas deals signed before June 17, 2025 would have a one-year transition period, to June 17, 2026, it said.

    Imports under existing long-term Russian contracts would then be banned from January 1, 2028 – effectively ending the EU’s use of Russian gas by this date, the summary said.

    Companies including TotalEnergies TTEF.PA and Spain’s Naturgy NTGY.MC have Russian LNG contracts extending into the 2030s.

    EU LNG terminals would also be gradually banned from providing services to Russian customers, and companies importing Russian gas would have to disclose information on their contracts to EU and national authorities, Reuters previously reported.

    The plans could still change before they are published.

    EU energy commissioner Dan Jorgensen said on Monday the measures were designed to be legally strong enough for companies to invoke the contractual clause of “force majeure” – an unforeseeable event – to break their Russian gas contracts.

    “Since this will be a prohibition, a ban, the companies will not get into legal problems. This is force majeure, as it [would be] if it had been a sanction,” Jorgensen told reporters.

    NO VETO

    Slovakia and Hungary, which have sought to maintain close political ties to Russia, still import Russian gas via pipeline and say switching to alternatives would increase energy prices. They have vowed to block sanctions on Russian energy, which require unanimous approval from all EU countries, and have opposed the ban.

    To get around this, the Commission’s proposals will use an EU legal basis that can be passed with support from a reinforced majority of countries and a majority of the European Parliament, EU officials said.

    While most other EU countries have signalled support for the ban, officials said some importing countries have raised concerns about the risk to companies of financial penalties or arbitration for breaking contracts.

    Around 19% of Europe’s gas still comes from Russia, via the TurkStream pipeline and LNG shipments – down from roughly 45% before 2022. Belgium, France, the Netherlands and Spain are among those that import Russian LNG.

    “We fully support this plan in principle, with the aim of ensuring that we find the right solutions to provide maximum security for businesses,” French industry minister Marc Ferracci told reporters on Monday.

    (Reuters)

     

  • MIL-OSI Asia-Pac: Director General David Cheng-Wei Wu Attend the Dragon Boat Festival and Birthday Celebration Hosted by the ROC Veterans Association in Sydney

    Source: Republic of China Taiwan

    Director General David Cheng-Wei Wu was pleased to attend the Dragon Boat Festival and Birthday Celebration hosted by the ROC Veterans Association in Sydney. The event brought together Willoughby Councillor Michelle Chuang and leaders from the Taiwanese community to share in the joyful occasion.
    The celebration opened with a solemn Flag Entrance Ceremony, featuring the national flags of the Republic of China (Taiwan) and Australia, along with the Association’s flag. Led by Chairman Samuel Yu, the ceremony honoured the veterans’ unwavering spirit and loyalty to their country.
    In his remarks, DG Wu conveyed President Lai Ching-te’s warm greetings and shared two key messages:
    *Safeguard national sovereignty and liberal democracy
    *Stand united in the face of authoritarian expansionism
    President Lai affirmed that overseas Taiwanese are vital bridges for Taiwan’s diplomacy, trade, and economy, and expressed confidence that their unity will continue to shape a strong and resilient future for Taiwan.

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Regime change wouldn’t likely bring democracy to Iran. A more threatening force could fill the vacuum

    Source: The Conversation (Au and NZ) – By Andrew Thomas, Lecturer in Middle East Studies, Deakin University

    The timing and targets of Israel’s attacks on Iran tell us that Prime Minister Benjamin Netanyahu’s short-term goal is to damage Iran’s nuclear facilities in order to severely diminish its weapons program.

    But Netanyahu has made clear another goal: he said the war with Iran “could certainly” lead to regime change in the Islamic republic.

    These comments came after an Israeli plan to assassinate the supreme leader of Iran, Ayatollah Ali Khamenei, was reportedly rebuffed by United States President Donald Trump.

    It’s no secret Israel has wanted to see the current government of Iran fall for some time, as have many government officials in the US.

    But what would things look like if the government did topple?

    How is power wielded in today’s Iran?

    Founded in 1979 after the Iranian Revolution, the Islamic Republic of Iran has democratic, theocratic and authoritarian elements to its governing structure.

    The founding figure of the Islamic republic, Ayatollah Ruhollah Khomeini, envisioned a state run by Islamic clerics and jurists who ensured all policies adhered to Islamic law.

    As Iran was a constitutional monarchy before the revolution, theocratic elements were effectively grafted on top of the existing republican ones, such as the parliament, executive and judiciary.

    Iran has a unicameral legislature (one house of parliament), called the Majles, and a president (currently Masoud Pezeshkian). There are regular elections for both.

    But while there are democratic elements within this system, in practice it is a “closed loop” that keeps the clerical elite in power and prevents challenges to the supreme leader. There is a clear hierarchy, with the supreme leader at the top.

    Khamenei has been in power for more than 35 years, taking office following Khomeini’s death in 1989. The former president of Iran, he was chosen to become supreme leader by the Assembly of Experts, an 88-member body of Islamic jurists.

    While members of the assembly are elected by the public, candidates must be vetted by the powerful 12-member Guardian Council (also known as the Constitutional Council). Half of this body is selected by the supreme leader, while the other half is approved by the Majles.

    The council also has the power to vet all candidates for president and the parliament.

    In last year’s elections, the Guardian Council disqualified many candidates from running for president, as well as the Majles and Assembly of Experts, including the moderate former president Hassan Rouhani.

    As such, the supreme leader is increasingly facing a crisis of legitimacy with the public. Elections routinely have low turnout. Even with a reformist presidential candidate in last year’s field – the eventual winner, Masoud Pezeshkian – turnout was below 40% in the first round.

    Freedom House gives Iran a global freedom score of just 11 out of 100.

    The supreme leader also directly appoints the leaders in key governance structures, such as the judiciary, the armed forces and Islamic Revolutionary Guard Corps (IRGC).

    The all-powerful IRGC

    So, Iran is far from a democracy. But the idea that regime change would lead to a full democracy that is aligned with Israel and the US is very unlikely.

    Iranian politics is extremely factional. Ideological factions, such as the reformists, moderates and conservatives, often disagree vehemently on key policy areas. They also jockey for influence with the supreme leader and the rest of the clerical elite. None of these factions is particularly friendly with the US, and especially not Israel.

    There are also institutional factions. The most powerful group in the country is the clerical elite, led by the supreme leader. The next most powerful faction would be the IRGC.

    Originally formed as a kind of personal guard for the supreme leader, the IRGC’s fighting strength now rivals that of the regular army.

    The IRGC is extremely hardline politically. At times, the IRGC’s influence domestically has outstripped that of presidents, exerting significant pressure on their policies. The guard only vocally supports presidents in lockstep with Islamic revolutionary doctrine.

    In addition to its control over military hardware and its political influence, the guard is also entwined with the Iranian economy.

    The IRGC is heavily enriched by the status quo, with some describing it as a “kleptocratic” institution. IRGC officials are often awarded state contracts, and are allegedly involved in managing the “black economy” used to evade sanctions.

    Given all of this, the IRGC would be the most likely political institution to take control of Iran if the clerical elite were removed from power.

    In peacetime, the general consensus is the IRGC would not have the resources to orchestrate a coup if the supreme leader died. But in a time of war against a clear enemy, things could be different.

    Possible scenarios post-Khamenei

    So, what might happen if Israel were to assassinate the supreme leader?

    One scenario would be a martial law state led by the IRGC, formed at least in the short term for the purposes of protecting the revolution.

    In the unlikely event the entire clerical leadership is decimated, the IRGC could attempt to reform the Assembly of Experts and choose a new supreme leader itself, perhaps even supporting Khamenei’s son’s candidacy.

    Needless to say, this outcome would not lead to a state more friendly to Israel or the US. In fact, it could potentially empower a faction that has long argued for a more militant response to both.

    Another scenario is a popular uprising. Netanyahu certainly seems to think this is possible, saying in an interview in recent days:

    The decision to act, to rise up this time, is the decision of the Iranian people.

    Indeed, many Iranians have long been disillusioned with their government – even with more moderate and reformist elements within it. Mass protests have broken out several times in recent decades – most recently in 2022 – despite heavy retaliation from law enforcement.

    We’ve seen enough revolutions to know this is possible – after all, modern Iran was formed out of one. But once again, new political leadership being more friendly to Israel and the West is not a foregone conclusion.

    It is possible for Iranians to hold contempt in their hearts for both their leaders and the foreign powers that would upend their lives.

    Andrew Thomas 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. Regime change wouldn’t likely bring democracy to Iran. A more threatening force could fill the vacuum – https://theconversation.com/regime-change-wouldnt-likely-bring-democracy-to-iran-a-more-threatening-force-could-fill-the-vacuum-259042

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Regime change wouldn’t likely bring democracy to Iran. A more threatening force could fill the vacuum

    Source: The Conversation (Au and NZ) – By Andrew Thomas, Lecturer in Middle East Studies, Deakin University

    The timing and targets of Israel’s attacks on Iran tell us that Prime Minister Benjamin Netanyahu’s short-term goal is to damage Iran’s nuclear facilities in order to severely diminish its weapons program.

    But Netanyahu has made clear another goal: he said the war with Iran “could certainly” lead to regime change in the Islamic republic.

    These comments came after an Israeli plan to assassinate the supreme leader of Iran, Ayatollah Ali Khamenei, was reportedly rebuffed by United States President Donald Trump.

    It’s no secret Israel has wanted to see the current government of Iran fall for some time, as have many government officials in the US.

    But what would things look like if the government did topple?

    How is power wielded in today’s Iran?

    Founded in 1979 after the Iranian Revolution, the Islamic Republic of Iran has democratic, theocratic and authoritarian elements to its governing structure.

    The founding figure of the Islamic republic, Ayatollah Ruhollah Khomeini, envisioned a state run by Islamic clerics and jurists who ensured all policies adhered to Islamic law.

    As Iran was a constitutional monarchy before the revolution, theocratic elements were effectively grafted on top of the existing republican ones, such as the parliament, executive and judiciary.

    Iran has a unicameral legislature (one house of parliament), called the Majles, and a president (currently Masoud Pezeshkian). There are regular elections for both.

    But while there are democratic elements within this system, in practice it is a “closed loop” that keeps the clerical elite in power and prevents challenges to the supreme leader. There is a clear hierarchy, with the supreme leader at the top.

    Khamenei has been in power for more than 35 years, taking office following Khomeini’s death in 1989. The former president of Iran, he was chosen to become supreme leader by the Assembly of Experts, an 88-member body of Islamic jurists.

    While members of the assembly are elected by the public, candidates must be vetted by the powerful 12-member Guardian Council (also known as the Constitutional Council). Half of this body is selected by the supreme leader, while the other half is approved by the Majles.

    The council also has the power to vet all candidates for president and the parliament.

    In last year’s elections, the Guardian Council disqualified many candidates from running for president, as well as the Majles and Assembly of Experts, including the moderate former president Hassan Rouhani.

    As such, the supreme leader is increasingly facing a crisis of legitimacy with the public. Elections routinely have low turnout. Even with a reformist presidential candidate in last year’s field – the eventual winner, Masoud Pezeshkian – turnout was below 40% in the first round.

    Freedom House gives Iran a global freedom score of just 11 out of 100.

    The supreme leader also directly appoints the leaders in key governance structures, such as the judiciary, the armed forces and Islamic Revolutionary Guard Corps (IRGC).

    The all-powerful IRGC

    So, Iran is far from a democracy. But the idea that regime change would lead to a full democracy that is aligned with Israel and the US is very unlikely.

    Iranian politics is extremely factional. Ideological factions, such as the reformists, moderates and conservatives, often disagree vehemently on key policy areas. They also jockey for influence with the supreme leader and the rest of the clerical elite. None of these factions is particularly friendly with the US, and especially not Israel.

    There are also institutional factions. The most powerful group in the country is the clerical elite, led by the supreme leader. The next most powerful faction would be the IRGC.

    Originally formed as a kind of personal guard for the supreme leader, the IRGC’s fighting strength now rivals that of the regular army.

    The IRGC is extremely hardline politically. At times, the IRGC’s influence domestically has outstripped that of presidents, exerting significant pressure on their policies. The guard only vocally supports presidents in lockstep with Islamic revolutionary doctrine.

    In addition to its control over military hardware and its political influence, the guard is also entwined with the Iranian economy.

    The IRGC is heavily enriched by the status quo, with some describing it as a “kleptocratic” institution. IRGC officials are often awarded state contracts, and are allegedly involved in managing the “black economy” used to evade sanctions.

    Given all of this, the IRGC would be the most likely political institution to take control of Iran if the clerical elite were removed from power.

    In peacetime, the general consensus is the IRGC would not have the resources to orchestrate a coup if the supreme leader died. But in a time of war against a clear enemy, things could be different.

    Possible scenarios post-Khamenei

    So, what might happen if Israel were to assassinate the supreme leader?

    One scenario would be a martial law state led by the IRGC, formed at least in the short term for the purposes of protecting the revolution.

    In the unlikely event the entire clerical leadership is decimated, the IRGC could attempt to reform the Assembly of Experts and choose a new supreme leader itself, perhaps even supporting Khamenei’s son’s candidacy.

    Needless to say, this outcome would not lead to a state more friendly to Israel or the US. In fact, it could potentially empower a faction that has long argued for a more militant response to both.

    Another scenario is a popular uprising. Netanyahu certainly seems to think this is possible, saying in an interview in recent days:

    The decision to act, to rise up this time, is the decision of the Iranian people.

    Indeed, many Iranians have long been disillusioned with their government – even with more moderate and reformist elements within it. Mass protests have broken out several times in recent decades – most recently in 2022 – despite heavy retaliation from law enforcement.

    We’ve seen enough revolutions to know this is possible – after all, modern Iran was formed out of one. But once again, new political leadership being more friendly to Israel and the West is not a foregone conclusion.

    It is possible for Iranians to hold contempt in their hearts for both their leaders and the foreign powers that would upend their lives.

    Andrew Thomas 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. Regime change wouldn’t likely bring democracy to Iran. A more threatening force could fill the vacuum – https://theconversation.com/regime-change-wouldnt-likely-bring-democracy-to-iran-a-more-threatening-force-could-fill-the-vacuum-259042

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: LHV Group results for May 2025

    Source: GlobeNewswire (MIL-OSI)

    May for LHV was characterised by the rapid growth of the loan portfolio. Profitability was impacted by the ongoing decline in interest rates and the partial reversal of previous impairments. LHV Group’s consolidated loan portfolio grew by EUR 104 million in May. At the same time, the total volume of deposits decreased by EUR 34 million. The volume of funds managed by LHV decreased by EUR 11 million over the month. In May, 6.7 million payments related to financial intermediaries were made.

    In May, AS LHV Group earned EUR 10.3 million in consolidated net profit. Among the subsidiaries, AS LHV Pank earned a net profit of EUR 10.5 million, LHV Bank Ltd earned a net profit of EUR 28 thousand, AS LHV Kindlustus earned a net profit of EUR 339 thousand, and AS LHV Varahaldus earned a net profit of EUR 297 thousand. The return on equity attributable to the shareholders was 17.3% in May.

    The number of LHV Pank customers grew by 2,800 in May, exceeding the 470,000 mark. Loan growth was strong at EUR 83 million, of which EUR 51 million came from corporate loans and EUR 32 million from private loans. The overall quality of the loan porftolio remains good and a solution was found for one of the two largest non-performing loans, which led to a reduction in previously recognised provisions. The strong month was also reflected in deposits, as corporate banking deposits decreased by less than expected against the backdrop of an increase of EUR 88 million in retail banking deposits. The decline in interest rates is reducing the bank’s net interest income, as deposit interest rates are falling more slowly than loan interest rates.

    LHV Bank, which operates in the United Kingdom, launched the initial version of its retail customer offer in May, that allows customers to use the bank app, open an account, make payments, order a bank card, and securely deposit money. The presentation of the offer and the marketing campaign were started, the costs of which also affected the company’s monthly profit. Work will continue on the following products to further develop the offer. The Bank’s loan portfolio grew by EUR 21 million in May.

    The stable revenue growth of LHV Kindlustus also continued in May. New insurance contracts were concluded for an amount of EUR 3.15 million. As at the end of May, there are 274,000 valid insurance contracts. Performance improved due to a successful motor own damage insurance campaign. Compensation for loss events amounted to EUR 2.2 million and 12,500 new claims were registered in May. The profitability of Kindlustus has been improved by a very good loss ratio.

    Since May was a strong month in the financial markets, the pension funds of LHV continued to grow value for their customers. The larger funds managed by the LHV Varahaldus, L and XL, increased by 1.2% and 2.3%, respectively, over the month. LHV Pensionifond Indeks increased by 5.6% over the month. The net profit of LHV Varahaldus exceeds the financial plan, while the volume of funds and the number of customers are slightly below the planned level. In May, LHV Varahaldus announced a plan to change the names of pension funds to make them clearer for customers and to merge the green pension funds with other funds.

    Since LHV Group issued AT1 bonds worth EUR 50 million in April, EUR 15 million worth of AT1 bonds were called back in May. As a result of the share option program, the share capital of LHV Group was increased by EUR 366,721.30. Share acquisition transactions were also initiated in accordance with the resolution of the shareholders’ general meeting held in March. The financial plan stands.

    The reports of AS LHV Group are available on the website at: https://investor.lhv.ee/en/reports.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,150 people. As at the end of May, LHV’s banking services are being used by 471,000 customers, the pension funds managed by LHV have 111,000 active customers, and LHV Kindlustus protects a total of 176,000 customers. LHV Bank offers retail banking services to private customers in the United Kingdom, loans to small and medium-sized enterprises, and banking services to international fintech companies.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee 

    Attachment

    The MIL Network –

  • MIL-Evening Report: The Middle East is a major flight hub. How do airlines keep passengers safe during conflict?

    Source: The Conversation (Au and NZ) – By Natasha Heap, Program Director for the Bachelor of Aviation, University of Southern Queensland

    Screenshot June 17 2025, Courtesy of Flightradar24

    The Middle East is a region of intense beauty and ancient kingdoms. It has also repeatedly endured periods of geopolitical instability over many centuries.

    Today, geopolitical, socio-political and religious tensions persist. The world is currently watching as longstanding regional tensions come to a head in the shocking and escalating conflict between Israel and Iran.

    The global airline industry takes a special interest in how such tensions play out. This airspace is a crucial corridor linking Europe, Asia and Africa.

    The Middle East is now home to several of the world’s largest international airlines: Emirates, Qatar Airways and Etihad Airways. These airlines’ home bases – Dubai, Doha and Abu Dhabi, respectively – have become pivotal hubs in international aviation.

    Keeping passengers safe will be all airlines’ highest priority. What could an escalating conflict mean for both the airlines and the travelling public?

    Safety first

    History shows that the civil airline industry and military conflict do not mix. On July 3 1988, the USS Vincennes, a US navy warship, fired two surface-to-air missiles and shot down Iran Air Flight 655, an international passenger service over the Persian Gulf.

    More recently, on July 17 2014, Malaysian Airlines Flight MH17 was shot down over eastern Ukraine as the battle between Ukrainian forces and pro-Russian separatists continued.

    Understandably, global airlines are very risk-averse when it comes to military conflict. The International Civil Aviation Organization requires airlines to implement and maintain a Safety Management System (SMS).

    One of the main concerns – known as “pillars” – of the SMS is “safety risk management”. This includes the processes to identify hazards, assess risks and implement risk mitigation strategies.

    The risk-management departments of airlines transiting the Middle East region will have been working hard on these strategies.

    Headquartered in Montreal, Canada, the International Civil Aviation Organization has strict requirements and protocols to keep passengers safe.
    meunierd/Shutterstock

    Route recalculation

    The most immediate and obvious evidence of such strategies being put in place are changes to aircraft routing, either by cancelling or suspending flights or making changes to the flight plans. This is to ensure aircraft avoid the airspace where military conflicts are flaring.

    At the time of writing, a quick look at flight tracking website Flightradar24 shows global aircraft traffic avoiding the airspace of Iran, Iraq, Syria, Israel, Jordan, Palestine and Lebanon. The airspace over Ukraine is also devoid of air traffic.

    Rerouting, however, creates its own challenges. Condensing the path of the traffic into smaller, more congested areas can push aircraft into and over areas that are not necessarily equipped to deal with such a large increase in traffic.

    Having more aircraft in a smaller amount of available safe airspace creates challenges for air traffic control services and the pilots operating the aircraft.

    More time and fuel

    Avoiding areas of conflict is one of the most visible forms of airline risk management. This may add time to the length of a planned flight, leading to higher fuel consumption and other logistical challenges. This will add to the airlines’ operating costs.

    There will be no impact on the cost of tickets already purchased. But if the instability in the region continues, we may see airline ticket prices increase.

    It is not just the avoidance of airspace in the region that could place upward pressure on the cost of flying. Airliners run on Jet-A1 fuel, produced from oil.

    If Iran closes the Strait of Hormuz, the “world’s most important oil transit chokepoint”, this could see the cost of oil, and in turn Jet-A1, significantly increase. Increasing fuel costs will be passed on the paying passenger. However, some experts believe such a move is unlikely.

    A major hub

    The major aviation hubs in the Middle East provide increased global connectivity, enabling passengers to travel seamlessly between continents.

    Increased regional instability has the potential to disrupt this global connectivity. In the event of a prolonged conflict, airlines operating in and around the region may find they have increased insurance costs. Such costs would eventually find their way passed on to consumers through higher ticket prices.

    The Middle East is a major connecting hub for global aviation.
    Art Konovalov/Shutterstock

    Passenger confidence

    Across the globe, airlines and governments are issuing travel advisories and warnings. The onus is on the travelling public to stay informed about changes to flight status, and potential delays.

    Such warnings and advisories can lead to a drop in passenger confidence, which may then lead to a drop in bookings both into and onwards from the region.

    Until the increase in instability in the Middle East, global airline passenger traffic numbers were larger than pre-pandemic figures. Strong growth had been predicted in the coming decades.

    Anything that results in falling passenger confidence could negatively impact these figures, leading to slowed growth and affecting airline profitability.

    Despite high-profile disasters, aviation remains the safest form of transport. As airlines deal with these challenges they will constantly work to keep flights safe and to win back passenger confidence in this unpredictable situation.

    Natasha Heap 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. The Middle East is a major flight hub. How do airlines keep passengers safe during conflict? – https://theconversation.com/the-middle-east-is-a-major-flight-hub-how-do-airlines-keep-passengers-safe-during-conflict-259034

    MIL OSI Analysis – EveningReport.nz –

  • FATF condemns Pahalgam terror attack, says it could not have occurred without ‘money and means’

    Source: Government of India

    Source: Government of India (4)

    In a major development, the Financial Action Task Force (FATF) on Monday severely condemned the “brutal terrorist attack” in Pahalgam on April 22, stating that it could not have taken place without “money and the means” to move funds between terrorist supporters.

    “Terrorist attacks kill, maim and inspire fear around the world. The FATF notes with grave concern and condemns the brutal terrorist attack in Pahalgam on 22 April 2025. This, and other recent attacks, could not occur without money and the means to move funds between terrorist supporters,” the FATF said in a statement after its plenary meeting.

    It mentioned further: “As highlighted by the FATF President at the recent No Money for Terror Conference in Munich, no single company, authority, or country can combat this challenge alone. We must be unified against the scourge of global terrorism. Because terrorists need to succeed only once to achieve their goal, while we have to succeed every time to prevent it.”

    As many as 26 innocent tourists were massacred in the Pakistan-sponsored terror attack in Jammu & Kashmir’s Pahalgam.

    Investigations into the Pahalgam terror attack brought out the communication nodes of terrorists in and to Pakistan. A group calling itself The Resistance Front (TRF) – a front for the UN-proscribed Pakistani terror outfit Lashkar-e-Taiba – had claimed responsibility for the attack.

    India had given inputs about the TRF in the half-yearly report to the Monitoring Team of the United Nations’ 1267 Sanctions Committee in May and November 2024, bringing out its role as a cover for Pakistan-based terrorist groups.

    Earlier too, in December 2023, India had informed the monitoring team about LeT and Jaish-e-Mohammad operating through small terror groups such as the TRF. Pakistan’s pressure to remove references to TRF in the April 25 UN Security Council Press Statement were highlighted by the Ministry of External Affairs (MEA) during Operation Sindoor.

    Asserting that Pakistan has a history of misusing bailout packages for cross-border terrorism, Defence Minister Rajnath Singh had called for putting the failed state back on the FATF grey list.

    “The state and non-state actors are two sides of the same coin in Pakistan, which became evident when designated terrorists were accorded funerals with state honours,” Singh said earlier this month.

    The FATF, which develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction, has acknowledged in the past that India has suffered from the effects of terrorism consistently since its independence in 1947 and still faces a “disparate range of terrorism threats”, categorised into different theatres.

    Speaking exclusively with IANS recently, several experts, including former diplomats and counterterrorism experts, backed a strong action against Pakistan, including by putting the country back on the grey list of the FATF for its continuous involvement in terror financing and backing global terror outfits.

    “Terror doesn’t come out of the blue. It’s something that has to be financed, structured and so forth. So, it’s a long, concerted action that lies behind all this terror. Therefore, you need to do whatever you can globally, also regionally, to secure that we don’t have financing that will flow into the streams of terror. It has to stop. Pakistan has to be put where they belong. So, they have to be put on that list, no doubt about that,” Freddy Svane, the former Danish Ambassador to India, told IANS in an exclusive interview, earlier this month.

    (With inputs from IANS)

  • MIL-OSI United Nations: Secretary-General’s message on World Day to Combat Desertification and Drought [scroll down for French version]

    Source: United Nations secretary general

    What’s good for land is good for people and economies.

    But humanity is degrading land at an alarming rate, costing the global economy nearly $880 billion every year — far more than the investments needed to tackle the problem.

    Droughts are forcing people from their homes, and inflaming food insecurity – the number of newly displaced people is at its highest level in years.

    Repairing the damage we have done to our land offers huge benefits, including a great return on investment. It can reduce poverty, create jobs, safeguard water supplies, protect food production, and improve land rights and incomes – especially for smallholder farmers and women. 

    The theme of this year’s Desertification and Drought Day – “Restore the Land. Unlock the Opportunities” – is both a statement of fact and a call to action.

    I urge governments, businesses, and communities to answer the call and accelerate action on our shared global commitments on sustainable land use. We must reverse degradation, and boost finance for restoration – including by unlocking private investment. 

    Let’s act now to heal land, seize opportunities, and improve lives. 

    ***

    Ce qui est bon pour les terres est bon pour la population et l’économie.

    Pourtant, la dégradation des terres causée par les activités humaines se poursuit à un rythme alarmant et coûte à l’économie mondiale près de 880 milliards de dollars chaque année, soit bien plus que ce qu’il suffirait d’investir pour remédier au problème.

    Les sécheresses forcent les gens à fuir et aggravent l’insécurité alimentaire ; le nombre de personnes nouvellement déplacées n’a jamais été aussi élevé depuis des années.

    La restauration des terres dégradées offre de nombreux avantages, notamment un excellent retour sur investissement. Elle permet de réduire la pauvreté, de créer des emplois, de préserver les ressources en eau, de protéger la production alimentaire et d’améliorer les droits fonciers et les revenus, en particulier pour les petits exploitants agricoles et les femmes.

    Le thème retenu cette année pour la Journée mondiale de la lutte contre la désertification et la sécheresse, « Restaurer les terres. Saisir les opportunités », est à la fois un constat et un appel à l’action.

    J’exhorte les gouvernements, les entreprises et les populations locales à entendre cet appel et à redoubler d’efforts pour que les engagements mondiaux en faveur d’une utilisation durable des terres soient honorés. Nous devons enrayer la dégradation de l’environnement et accroître les financements en faveur de la restauration des terres, notamment en mobilisant des investissements du secteur privé.

    Agissons sans attendre pour prendre soin des terres, élargir le champ des possibles et améliorer les conditions de vie.

    ***
     

    MIL OSI United Nations News –

  • MIL-OSI Australia: ACT Budget 2025-26: Cost of living support for apprentices and trainees

    Source: Australian National Party

    As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.

    Released 17/06/2025 – Joint media release

    The ACT Government will deliver more cost-of-living support for apprentices and trainees as they skill up for good secure jobs.

    This $1.8 million investment will continue for the second year running. All ACT-based apprentices and trainees will receive a $250 payment next year, with first-year apprentices and trainees receiving an additional $250 to help cover the cost of tools and equipment.

    This direct support follows the successful delivery of the Government’s 2024 cost-of-living payment, which saw thousands of local apprentices and trainees receive assistance.

    It also builds on the Federal Government $10,000 completion incentive payments for apprentices working in housing construction that start from 1 July this year.

    As part of an ACT Labor election commitment, the Government will also reduce light trailer and caravan registration fees in the Budget by up to $150 for 12 months between 1 September 2025 and 31 August 2026, which will also support people who rely on trailers to transport tools and equipment for their trade.

    The Government will also progress major investments in Canberra’s training system over the next three years for CIT’s Cloud Campus Program, delivering improved digital learning platforms and business systems to modernise training delivery across the Territory.

    “The Government will make a strong commitment to supporting apprentices and public TAFE in the Budget,” said Treasurer Chris Steel.

    “These high-quality training opportunities are part of Labor’s plan to build the skilled workforce Canberra needs – to supply 30,000 homes by 2030, expanding early childhood education, or strengthening the care economy.”

    “We’re supporting young workers and career changers through cost-of-living relief, better digital systems at CIT, and expanded access to high-quality training in critical areas like construction and the clean economy,” said Minister for Skills, Training and Industrial Relations Michael Pettersson.

    “With the imminent opening of CIT Woden, the Budget also delivers major upgrades at CIT campuses and funding to meet our commitments under the National Skills Agreement, including the new Electric Vehicle TAFE Centre of Excellence.”

    Further investments in 2025-26 include:

    • Ongoing operational funding for the new CIT Woden and Yurauna campuses
    • Additional support for CIT’s digital infrastructure and youth training services
    • Support for the Electric Vehicle Centre of Excellence as part of the National Skills Agreement

    These initiatives will help ensure that cost is not a barrier to Canberrans accessing training and that local training institutions are fit-for-purpose as the ACT continues to grow.

    – Statement ends –

    Chris Steel, MLA | Michael Pettersson, MLA | Media Releases

    «ACT Government Media Releases | «Minister Media Releases

    MIL OSI News –

  • MIL-OSI Australia: Council adopts Budget 2025/2026 to invest in community priorities across Greater Bendigo

    Source: New South Wales Ministerial News

    Council last night adopted the Budget 2025/2026 marking a bold step forward with substantial investment in everyday infrastructure and transformative projects, including the redevelopment of Bendigo Art Gallery.

    For the first time, the Budget and the newly adopted Council Plan Mir wimbul 2025-2029 have been developed and planned together to ensure a strong alignment between strategic goals and the resources required to achieve them.

    These milestone documents have been shaped through extensive community engagement that began back in late 2024.

    The Budget 2025/2026 has an annual action plan to ensure efficient and sustainable delivery of services.

    Mayor Cr Andrea Metcalf said investing in long term projects supported Greater Bendigo’s growth.

    “We have some very exciting projects ahead that are vital for the region’s future economic success,” Cr Metcalf said.

    “The $45M redevelopment of the Bendigo Art Gallery will reshape the region’s future.

    As the largest infrastructure project ever undertaken by Council, it will elevate the Gallery’s status as a cultural and economic asset for both our region and the state of Victoria. Council’s $9M investment has helped secure more than $34M in external funding, including $21M from the State Government, $4M from the Gallery Board and more than $9M in philanthropic donations – an amazing achievement.

    “Funding partners are critical to major project delivery across Bendigo, including the State Government fully funding the redevelopment of the Bendigo Bowls and Croquet Clubs, and investing in the Bendigo Low Line Walking and Cycling Trail between Golden Square and White Hills.

    “All three levels of government have invested in the North Bendigo Recreation Reserve stage 1 pavilion works, and the Federal Government and the City are also upgrading the Golden Square Recreation Reserve Pavilion and jointly investing in the new Heathcote Civic Precinct. 

    “The Budget will invest in important infrastructure used daily in the community. There are around 230 road renewals, 12 new footpaths, 14 footpath renewals, new roundabouts, tram track upgrades, bridge renewals, Waratah Road and Midland Highway intersection signalisation, playspace renewals and much more.

    “Developing the Council Plan and Budget at the same time has ensured that our strategic goals are directly supported by the projects and initiatives we’re funding.

    “Top priorities identified through community engagement are roads, (including public and active transport), waste management, and parks and trails. The recurring themes were for Greater Bendigo to be responsible, healthy, thriving and welcoming.

    “The Budget 2025/2026 has been developed to be fiscally responsible while managing community expectations. This is a balanced approach that reflects our commitment to deliver around 60 essential community services, progress multi-year capital works, and maintain essential infrastructure used daily in the community.

    “There are limited funds available and this Budget seeks to address these concerns by continuing to fund existing services wisely and prioritise works and services in a responsible manner.”

    The Budget has been developed in line with the State Government’s rate cap of 3 per cent. As with previous years, Council has not applied for a variation to the rate cap as it seeks to absorb increasing costs for supplies, goods and services.

    There will be no increase to waste charges for ratepayers in the new financial year.

    The Budget 2025/2026 is valued at $259M, with an operating budget of $189M funding services like waste collection, street cleaning, environmental health, statutory planning, road maintenance, flood restoration works, early learning, immunisation, tourism and visitor services, and much more, and a capital works budget of $70M for new infrastructure projects across the community.

    MIL OSI News –

  • MIL-OSI Australia: Adopted Budget 2025/2026: Mayor and Chief Executive Officer message

    Source: New South Wales Ministerial News

    The City of Greater Bendigo is delighted to present the 2025/2026 Budget, reflecting projects and initiatives that respond to our community’s priorities. 

    Thank you to everyone who participated in the community engagement process to inform this Budget and the new Council Plan Mir wimbul 2025-2029. 

    For the first time, the City has prepared the Budget and a new Council Plan at the same time, which ensures alignment between the goals of the Council Plan and the projects and initiatives funded in the Budget. 

    In November 2024, 180 people contributed to a community survey via the City’s Let’s Talk Greater Bendigo community engagement platform, which identified roads (including active and public transport infrastructure), waste, parks and trails as the top priorities. 

    As such, these priorities are reflected in the kinds of projects and initiatives funded in this Budget and also the goals and actions in the new Council Plan. Community engagement can also take other forms throughout the year, including various engagement sessions Councillors have held in the community, ongoing discussions community groups have with City staff, and direct advocacy from community groups via presentations to Council. 

    A range of large-scale infrastructure projects lead the City’s investment on behalf of the community. 

    Construction will start on the $45M stage one Bendigo Art Gallery redevelopment – a transformational project designed to cement the Gallery’s reputation as a cultural and economic success for Greater Bendigo and the state of Victoria. This will be the largest infrastructure project ever undertaken by the City and Council’s investment of $9M has helped secure more than $34M in external funding to date, including $21M from the State Government, $4M from the Gallery Board and more than $9M in philanthropic funding. 

    The City will project manage the State Government’s investment in redeveloped Bendigo Bowls and Croquet Clubs facilities, which will provide the bowls club with two synthetic greens and two grass greens, two widened croquet greens and an upgraded clubhouse. 

    A mix of funding from the Federal Government ($500,000) and the City ($1.85M) will deliver the Golden Square Recreation Reserve Pavilion upgrade and renewal, including improved player amenities for football, netball and cricket user groups, and spectators. And all three levels of government have invested $3.2M ($1.2M from the City) in stage 1 pavilion works at North Bendigo Recreation Reserve.

    It will be easier to travel through the city centre by bike and on foot with the innovative 4.4km Low Line Walking and Cycling Trail to take shape within the Bendigo Creek, between Golden Square and White Hills, and the shared cycle path along Mundy Street, from McCrae Street out to Back Creek. 

    Recent Federal election commitments relating to the Kangaroo Flat Skate Park, stage 2 of the North Bendigo Recreation Reserve redevelopment (pavilion construction) and new female-friendly facilities at Truscott Reserve will be delivered over coming financial years. 

    The $4.3M Heathcote Civic Precinct will also get underway, delivering a much-needed contemporary community hub and customer service centre for City services.

    Accessibility is important in this Budget, with The Capital theatre to receive an upgrade to make the stage accessible to all performers, including purchase of a Mobilift, and installation of a heating and cooling system for the Bendigo Town Hall to make it a more inviting and usable community space.

    Following the floods of 2024, $4.3M will fund drainage, stormwater and flood mitigation improvement works.

    MIL OSI News –

  • MIL-OSI Australia: Protecting buyers from dodgy car sales

    Source: Australian Capital Territory Policing

    Consumer Affairs Victoria is pursuing legal action to protect consumers from car sellers who break the law.

    It’s currently targeting licensed and unlicensed sellers whose conduct has undermined consumers’ rights when buying a used car.

    Two companies operating car businesses in Dandenong and Cranbourne were recently suspended from trading. They had failed to deliver cars to customers, to pay or transfer stamp duty, and to return deposits on cancelled contracts.

    More than 200 customers have so far claimed over $330,000 from the Motor Car Traders Guarantee Fund, after losing money dealing with CMG Automotive and CHM Motors. The fund compensates Victorians who suffer financial loss as the result of dealing with a licensed car business that breaks the law.

    Consumer Affairs is now asking VCAT to permanently cancel CMG Automotive’s licence.

    In a separate case, unlicensed car trader Zequn Wang, was recently convicted and fined $25,000. Wang bought or sold 84 cars between January 2022 and September 2023. This is far greater than the four cars per year limit you can trade without a licence.

    The Office of Public Prosecutions has now launched an appeal on Consumer Affairs’ behalf to the County Court, believing the sentence handed down was inadequate.

    In Victoria, unlicensed traders face maximum penalties of up to $19,000, or 15% of the sale price, for each car they buy, sell or exchange.

    Buying a used car? Things you need to know

    Consumer Affairs also provides information and advice so Victorians can make informed choices when buying a car.

    For many people, it’s one of the biggest purchases they’ll make. Understanding your rights can help you to be happy on the road.

    A new campaign will promote the laws that protect you when you’re buying a second-hand car. Demand for used cars rose 12% nationally last year.

    Buying from a licensed trader provides a cooling-off period, clear title and warranty. Combined with having access to compensation from the Motor Car Traders Guarantee Fund if things go wrong, these are strong protections not available if you buy from an unlicensed seller.

    Learn more about buying a used car safely and follow Consumer Affairs Victoria on Instagram.

    MIL OSI News –

  • India well positioned to regain strong export growth as global trade conditions likely to stabilize in H2 of 2025: Experts

    Source: Government of India

    Source: Government of India (4)

    India’s trade performance in May 2025 has shown strength and stability despite uncertain global conditions, according to views shared by industry experts and economists. FIEO President S C Ralhan highlighted that India’s total exports, including goods and services, increased by 2.8 per cent to USD 71.12 billion in May 2025, up from USD 69.20 billion in May 2024. The growth was mainly driven by services such as software, consultancy, and financial services.

    Even though merchandise exports dipped slightly to USD 38.73 billion, the continued service momentum helped support overall performance.”Exporters are adapting well to a tough global environment,” said Ralhan. “The ability to sustain export growth despite logistical disruptions, especially in the Middle East, is a testament to the sector’s agility and policy support. “On the import front, merchandise imports eased to USD 60.61 billion, while overall imports (goods and services) stood at USD 77.75 billion, down from USD 78.55 billion in May 2024.

    He added, “With appropriate policy interventions and global conditions expected to stabilise in the second half of 2025, India is well-positioned to regain a strong export growth trajectory”. Pankaj Chadha, Chairman of EEPC India, stated that the engineering exports sector has managed to stay steady despite continued international challenges.

    While there was a minor decline of 0.8 per cent in engineering goods exports in May 2025, down to USD 9.89 billion from USD 9.97 billion in the same month last year, the overall numbers remain encouraging. He said, “Overall global situation, however, remains volatile. Uncertainty has only been mounting due to geopolitical tensions in key parts of the world.

    The latest Israel-Iran conflict threatens to multiply the challenges for the exporting community. Apart from a rise in input costs as a result of a jump in crude prices, there is heightened concern around the blocking of the Straits of Hormuz by Iran in case tensions further intensify.

    Aditi Nayar, Chief Economist at ICRA, noted that India’s merchandise trade deficit reduced significantly to USD 21.9 billion in May 2025 from USD 26.4 billion in April. This is expected to help contain the current account deficit (CAD) for Q1 FY2026 to around USD 13 billion, or 1.3 per cent of GDP.

    She said, “If crude oil prices average around USD 75/barrel over the remainder of this fiscal, we foresee the CAD at 1.2-1.3 per cent of GDP for FY2026. While India’s exports contracted slightly in May 2025, this was entirely led by oil exports. Non-oil exports posted a YoY growth for the second consecutive month, led by electronic goods, garments, organic and inorganic chemicals, and marine products, which helped to moderate the trade deficit. Further, the YoY contraction in oil and gold imports helped to contain the merchandise trade deficit”. (ANI)

  • India well positioned to regain strong export growth as global trade conditions likely to stabilize in H2 of 2025: Experts

    Source: Government of India

    Source: Government of India (4)

    India’s trade performance in May 2025 has shown strength and stability despite uncertain global conditions, according to views shared by industry experts and economists. FIEO President S C Ralhan highlighted that India’s total exports, including goods and services, increased by 2.8 per cent to USD 71.12 billion in May 2025, up from USD 69.20 billion in May 2024. The growth was mainly driven by services such as software, consultancy, and financial services.

    Even though merchandise exports dipped slightly to USD 38.73 billion, the continued service momentum helped support overall performance.”Exporters are adapting well to a tough global environment,” said Ralhan. “The ability to sustain export growth despite logistical disruptions, especially in the Middle East, is a testament to the sector’s agility and policy support. “On the import front, merchandise imports eased to USD 60.61 billion, while overall imports (goods and services) stood at USD 77.75 billion, down from USD 78.55 billion in May 2024.

    He added, “With appropriate policy interventions and global conditions expected to stabilise in the second half of 2025, India is well-positioned to regain a strong export growth trajectory”. Pankaj Chadha, Chairman of EEPC India, stated that the engineering exports sector has managed to stay steady despite continued international challenges.

    While there was a minor decline of 0.8 per cent in engineering goods exports in May 2025, down to USD 9.89 billion from USD 9.97 billion in the same month last year, the overall numbers remain encouraging. He said, “Overall global situation, however, remains volatile. Uncertainty has only been mounting due to geopolitical tensions in key parts of the world.

    The latest Israel-Iran conflict threatens to multiply the challenges for the exporting community. Apart from a rise in input costs as a result of a jump in crude prices, there is heightened concern around the blocking of the Straits of Hormuz by Iran in case tensions further intensify.

    Aditi Nayar, Chief Economist at ICRA, noted that India’s merchandise trade deficit reduced significantly to USD 21.9 billion in May 2025 from USD 26.4 billion in April. This is expected to help contain the current account deficit (CAD) for Q1 FY2026 to around USD 13 billion, or 1.3 per cent of GDP.

    She said, “If crude oil prices average around USD 75/barrel over the remainder of this fiscal, we foresee the CAD at 1.2-1.3 per cent of GDP for FY2026. While India’s exports contracted slightly in May 2025, this was entirely led by oil exports. Non-oil exports posted a YoY growth for the second consecutive month, led by electronic goods, garments, organic and inorganic chemicals, and marine products, which helped to moderate the trade deficit. Further, the YoY contraction in oil and gold imports helped to contain the merchandise trade deficit”. (ANI)

  • MIL-OSI New Zealand: Case Note 329274 [2025] NZ Priv Cmr 1 – Individual complains that government agency sent their health information to an incorrect address

    Source: Privacy Commissioner

    Background

    In 2021, a government agency mailed a client’s health information to the wrong address. The agency had the correct street but had misidentified the house number. 

    The agency had the incorrect address in its systems as the verified address for the client, because a staff member had misheard the street number they said and verified the incorrect address in the agency’s systems. The agency said it had taken steps to verify the address, and so it did not consider it had erred.

    The client was not satisfied with this response and complained to the agency. Further enquiries showed that the agency had the client’s correct address details at the time the information was sent to the wrong address but had not updated their file.

    The client asked for compensation, but the agency said it did not consider the breach had caused significant emotional harm, because the information that had been sent was “relatively generic.”

    However, the client said that their previous experiences meant that the harm of the information being sent to the wrong address was greater for them than it might have been for someone else. The client lodged an application for review of the agency’s decision. The agency was directed by the reviewer to obtain an external opinion on the emotional harm suffered by the client. This independent opinion said the breach had caused significant emotional harm and had exacerbated the client’s pre-existing conditions. Following this, the agency made a compensation offer to the client, however it miscommunicated how long the client had to consider and accept the offer. The client had lost trust in the agency by this point and was not willing to negotiate with the agency directly. 

    The client asked our Office to assist, advising that they would like to meet with the agency to discuss how the privacy breach had impacted them and to further attempt to resolve the complaint.

    The Rules Applying to this case

    This complaint raised issues under rules 5 and 8 of the Health Information Privacy Code 2020 (the Code).

    Rule 5 requires agencies that hold health information to ensure that the information is protected by reasonable safeguards to protect against loss, misuse or unauthorised 
    disclosure.  

    Rule 8 requires agencies to take reasonable steps to ensure that information is accurate, up to date, complete, relevant and not misleading before using or disclosing that information.

    OPC’s approach

    This was a case where the agency accepted it had breached its client’s privacy, but it didn’t fully understand the harm the breach had caused the client. Further, the relationship between the agency and its client had broken down, such that they weren’t able to resolve the matter between them directly. 

    We focus on resolving complaints where possible, and instead of investigating we decided to explore a settlement under section 77 of the Privacy Act. 

    Section 77 provides for the Commissioner to use best endeavours to settle the complaint without an investigation. An investigation may or may not follow if the Commissioner is unable to secure a settlement. 

    We facilitated a conciliation meeting between the agency, the client and the client’s psychologist, who attended as the client’s support person, and was able to help the client articulate the harm the privacy breach had caused them. It was clear that the breach had exacerbated pre-existing mental health conditions and caused a significant impact on the emotional state and the life of the client.

    At the meeting, the agency did a good job of hearing the complainant’s concerns. Its representatives provided the client with a heartfelt apology. The client thanked the 
    representatives and said it was the first time that they felt the agency had listened and understood how they felt. The conciliation meeting ended with both parties agreeing to settle the matter. 

    As part of this resolution, the agency agreed to pay financial compensation, that was more than twice the amount offered previously.  The agency also agreed to pay for ongoing psychological treatment to help the client to recover from the interference with their privacy.

    The matter was settled, and we closed our file. 

    Commentary

    When agencies are considering whether harm has been suffered by a complainant, it is essential that it seeks to understand the actual impact on the client, not what they think the impact should be without having lived that individual’s life experiences. What might not affect one person, can have a significant impact on another. 

    Additionally, it is critical that agencies take responsibility for errors from the outset and put things right early. In this instance, the complaint could have been resolved far earlier if the agency had accepted what had gone wrong earlier, and if it had considered the information it already had, in the form of the independent opinion about the harm the client had experienced. 

    Instead, the agency’s management of the breach and the subsequent complaint led to a further breakdown in the relationship between the parties, and this meant the matter wasn’t able to be resolved without our Office’s assistance. However, when the parties came to the conciliation with a genuine desire to hear the other and with an intention to resolve the matter and move forward, we were able to facilitate a conversation that allowed that to happen, and both sides to get closure.

    MIL OSI New Zealand News –

  • MIL-OSI: UIFCA Boosts Ai∞ Profit Algorithms for Sharper Crypto Insights

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) — UIFCA Wealth Academy Ltd. has enhanced its proprietary “Ai∞ Profit Algorithms” system, delivering investors even more precise and comprehensive insights into the cryptocurrency markets. Through the integration of a wider array of diverse data sources, UIFCA has strengthened its AI’s capacity to analyze market dynamics, identify emerging trends, and assist users in making more informed investment decisions.

    The “Ai∞ Profit Algorithms” system is a cornerstone of UIFCA’s commitment to delivering cutting-edge financial tools and education. These latest upgrades focus on expanding the system’s analytical reach. The AI now processes and interprets information from an even broader spectrum of market inputs. This includes on-chain data from major blockchains, relevant industry news, evolving social media sentiment, and importantly, anonymized, aggregated trading data from a selection of reputable cryptocurrency exchanges.

    This multi-faceted data approach allows the “Ai∞ Profit Algorithms” to build a more holistic understanding of market liquidity, price action, and overall sentiment. For instance, aggregated transaction data from established platforms, such as those like CELOXFI, can provide valuable contextual information to the AI models when appropriately processed. This helps UIFCA’s system to identify broader market movements and patterns with greater accuracy, rather than relying on a limited set of indicators.

    UIFCA emphasizes that its selection of any data source is based purely on informational relevance, reliability, and the ability to contribute to a more robust analytical output for its users. The academy remains steadfast in its mission to provide objective, data-driven insights, empowering investors with sophisticated tools previously accessible primarily to institutional players.

    These enhancements to the “Ai∞ Profit Algorithms” reflect UIFCA’s ongoing dedication to innovation and its proactive approach to the evolving landscape of digital assets. By continuously refining its technological capabilities, UIFCA aims to equip its global community of learners and investors with a distinct advantage in navigating the complexities of the financial markets.

    About UIFCA Wealth Academy Ltd.
    UIFCA Wealth Academy Ltd. is committed to revolutionizing the way investors navigate the financial markets. Leveraging cutting-edge AI-powered tools like its “Ai∞ Profit Algorithms,” expert-backed strategies, and world-class financial education, UIFCA provides investors with the insights and resources needed to make informed, strategic decisions for steady and exponential wealth growth. With a focus on innovation, expertise, and empowerment, UIFCA serves a global community of traders in both cryptocurrency and traditional financial markets.

    Contact:
    Sarah Mitchell
    sarah.mitchell@ufaceu.com
    Communications Manager
    UIFCA Wealth Academy Ltd
    Website: www.ufaceu.com | www.uifca.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fafcdc27-833f-49c1-bce3-689a13c35d80

    The MIL Network –

  • MIL-OSI Banking: Money Market Operations as on June 16, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 6,17,545.69 5.21 2.90-6.55
         I. Call Money 15,722.23 5.30 4.75-5.35
         II. Triparty Repo 3,98,860.95 5.22 4.90-5.30
         III. Market Repo 2,01,209.51 5.16 2.90-5.50
         IV. Repo in Corporate Bond 1,753.00 5.52 5.36-6.55
    B. Term Segment      
         I. Notice Money** 113.00 5.20 5.00-5.31
         II. Term Money@@ 804.00 – 5.60-6.00
         III. Triparty Repo 3,058.00 5.34 5.25-5.35
         IV. Market Repo 1,144.84 5.55 5.50-5.55
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Mon, 16/06/2025 1 Tue, 17/06/2025 1,289.00 5.75
    4. SDFΔ# Mon, 16/06/2025 1 Tue, 17/06/2025 2,77,831.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,76,542.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,471.32  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     8,471.32  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,68,070.68  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 16, 2025 9,56,885.87  
         (ii) Average daily cash reserve requirement for the fortnight ending June 27, 2025 9,54,173.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 16, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 30, 2025 5,84,684.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/552

    MIL OSI Global Banks –

  • MIL-OSI Russia: China’s cross-border e-commerce volume to hit record 2.71 trillion yuan in 2024

    Translation. Region: Russian Federal

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

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

    SHIJIAZHUANG, June 17 (Xinhua) — China’s cross-border e-commerce volume will reach 2.71 trillion yuan (about 377.5 billion U.S. dollars) in 2024, hitting a new historical high, Cai Junwei, deputy head of the statistical analysis department of the General Administration of Customs, said Monday at the China International Economic and Trade Talks in Langfang, north China’s Hebei Province.

    According to the department, in 2024, China’s cross-border e-commerce export volume exceeded 2 trillion yuan for the first time, reaching 2.15 trillion yuan, up 16.9 percent from the previous year.

    “Since the beginning of this year, there has been a trend of steady recovery and improvement in the Chinese economy. The trade in goods has shown great resilience to external pressure, and China’s foreign trade volume in cross-border e-commerce has maintained a trend of further growth,” Cai Junwei said.

    According to him, more than 70 percent of Chinese companies express confidence that cross-border e-commerce exports and imports will remain stable or will grow further in 2025. -0-

    MIL OSI Russia News –

  • MIL-OSI Australia: Industry giants collaborating to seek to decarbonise steel

    Source: Ministers for the Department of Industry, Innovation and Science

    Overview

    • Category

      News

    • Date

      17 June 2025

    • Classification

      Renewables for industry

    The Australian Renewable Energy Agency (ARENA) has allocated $19.8 million in funding to the NeoSmelt project to investigate the development of Australia’s largest ironmaking electric smelting furnace pilot plant at Kwinana, Western Australia.

    NeoSmelt is a groundbreaking joint venture, combining the expertise of BlueScope, BHP, Rio Tinto, Woodside and Mitsui Iron Ore Development. ARENA funding will go towards a front-end engineering design (FEED) study for the NeoSmelt project to progress the direct reduced iron-electric smelting furnace (DRI-ESF) route for lower-emissions steelmaking.

    The DRI-ESF route is a transformative concept with the potential to overcome barriers using Australian iron ore in future lower-emissions steelmaking. Using the electric smelting furnace technology, the project aims to prove that it is possible to produce lower-carbon emission molten iron from Pilbara iron ore.

    ARENA CEO Darren Miller said to decarbonise mining and metal production in Australia, collaboration and partnership across industry is crucial.

    “Globally, the steelmaking industry makes up around eight per cent of global greenhouse gas emissions, so the decarbonisation opportunity is huge,” Mr Miller said.

    “The NeoSmelt project brings together some of the world’s largest players in the mining, metals and energy industries, in a collaborative effort to reduce emissions in the sector. This represents what the energy transition is all about – working together to achieve the most efficient and effective outcome for Australia’s key export industry to transition into a lower-emissions economy.”

    “As the world’s largest producer of iron ore, Australia has an important role to play in reducing emissions across the steel value chain. We’re excited by the insights this project expects to provide. This is a positive step towards building a lower-emissions steel industry here in Australia.”

    Late last year, the Kwinana Industrial Area, south of Perth, was announced as the preferred location to develop the first of a kind pilot plant. The FEED study, to be supported by funding from ARENA, is expected to help inform a final investment decision for the pilot plant to be built.

    BlueScope Chief Executive Australia, Tania Archibald, on behalf of the joint venture said today marks a significant step forward in developing a technology for lower-carbon emissions steelmaking using Pilbara ore and we’re delighted by ARENA’s $19.8 million commitment to support the feasibility phase of this groundbreaking R&D pilot plant.

    “We also officially welcome Woodside Energy and Mitsui Iron Ore Development to the NeoSmelt joint venture, joining founding participants BlueScope, BHP and Rio Tinto. With this backing from government and industry leaders, we now have the opportunity to develop world leading technology that will have potential application across the global steel industry and provides the foundation for a future Australian lower-carbon emissions iron export industry.”

    The project builds on ARENA’s priority in low emissions metals and is being delivered under the Industrial Transformation Stream. Round 2 of the Industrial Transformation Stream is currently open to new applications and is expected to close 15 July 2025.

    For more information, including program guidelines, eligibility criteria and how to apply, visit the funding page.

    ARENA media contact:

    media@arena.gov.au

    Download this media release (PDF 151KB)

    MIL OSI News –