NewzIntel.com

Category: Economy

  • India’s PSUs and PSBs turn into wealth creators in last 11 years

    Source: Government of India

    Source: Government of India (4)

    The Prime Minister Narendra Modi-led government has strengthened India’s public sector undertakings (PSUs) in the last 11 years, turning them into wealth creators and making them integral to the nation’s growth, the data-focused X handle infoindata showed on Wednesday.

    With focused reforms, strategic autonomy, and capital support, PSU market cap surged across the energy, power, and infrastructure sectors.

    While NTPC saw its market cap reach Rs 3.27 lakh crore in 2025, from 0.99 lakh crore in 2014, Power Grid saw its market cap touch Rs 2.80 lakh crore in 2025, from 0.55 lakh crore in 2014 (till June 9), as per data sourced from the DIPAM and the Department of Public Enterprises.

    Other PSUs like IOCL, Power Finance, BPCL, GAIL, NHPC, BHEL, etc, also saw a meteoric rise in their market caps in the last 11 years.

    On the other hand, the market cap of public sector banks (PSBs) also surged in the last 11 years.

    The SBI saw its market cap reach Rs 7.32 lakh crore in FY26, from Rs 1.51 lakh crore in FY16.

    PNB saw its market cap touch Rs 1.29 lakh crore in FY26 from 0.06 lakh crore in FY16, while Bank of Baroda’s market cap reached Rs 1.28 lakh crore from 0.34 lakh crore in the same time frame, as per the data.

    “In 11 years, the Modi government transformed public sector banks from the NPA crisis of the UPA era to record market capitalisation through structural reforms such as asset quality review, bank mergers, targeted recapitalisation, and measures to resolve bad loans,” said infoindata on X.

    Meanwhile, India’s top public sector companies in the financial, power and energy sectors recorded a robust growth in profit during the January-March quarter of 2024-25, which is expected to further strengthen the government’s fiscal position.

    The country’s largest lender, State Bank of India (SBI), and insurance giant Life Insurance Corporation of India (LIC) led the charge with a net profit of Rs 18,643 crore and Rs 19,013 crore, respectively. SBI’s net profit for the financial year 2024-25 has now soared to Rs 70,901 crore, while LIC has recorded an impressive net profit of Rs 48,151 crore for the year.

    In the energy sector, Coal India earned a net profit of Rs 9,604 crore during the fourth quarter, while Indian Oil Corporation (IOC) registered a net profit of Rs 7,265 crore, with upstream oil exploration giant ONGC registering a net profit of Rs 6,448 crore during the quarter.

    In the power sector, the country’s largest electricity producer, NTPC, recorded a net profit of Rs 7,897 crore, while Power Finance Corporation (PFC), which also comes under the Ministry of Power, earned a robust Rs 8,358 crore. Power Grid Corporation of India also registered a strong profit of Rs 4,143 crore during the January-March quarter.

    (IANS)

  • MIL-OSI Asia-Pac: Foreign Minister Lin meets with delegation led by Mayor Zdanowska of Polish city of Łódź

    Source: Republic of China Taiwan

    Foreign Minister Lin meets with delegation led by Mayor Zdanowska of Polish city of Łódź

    Date：2025-06-05
    Data Source：Department of European Affairs

    June 5, 2025  
    No. 196  

    Minister of Foreign Affairs Lin Chia-lung on the morning of June 4 met with a delegation led by Hanna Zdanowska, Mayor of Łódź, Poland. The six-member delegation also included Łódź University of Technology Rector Krzysztof Jóźwik, Łódź City Councilors Beata Bilska and Maciej Rakowski, and Łódź city government officials. The two sides engaged in an in-depth exchange of opinions regarding Taiwan-Poland interactions on economics and trade, culture, and academic and city affairs.
     
    During the meeting, Minister Lin began by once again welcoming Mayor Zdanowska to Taiwan and thanking her for the warm reception extended to him during his visit to Łódź in November 2024. Noting that city-to-city diplomacy played an important role in Taiwan’s overall external relations, Minister Lin said he was delighted that the delegation would be meeting with Tainan Mayor Huang Wei-che to formally conclude a sister-city agreement. He said that Tainan and Łódź had many things in common and that he looked forward to the two cities continuing to deepen substantive cooperation, further expanding mutual interactions and exchanges in a range of areas, and developing a mutually beneficial partnership.
     
    Mayor Zdanowska said that Łódź, a city with a long history at the heart of Poland, enjoyed convenient transport links, a rich cultural heritage, and a solid industrial foundation. Remarking that the development of special economic zones and road and airport infrastructure had much improved the city’s economic prospects in recent years, she said she hoped that Taiwanese industries would work with Łódź to generate mutual prosperity. Mayor Zdanowska also stated that Łódź had recently been active in developing its film and television and arts and cultural industries, and said she believed there was room for collaboration with related sectors in Taiwan.
     
    Taiwan and Poland share such values as freedom and democracy. The Ministry of Foreign Affairs will continue to promote close cooperation between Taiwan and Poland and seek to deepen their resilient partnership so as to create enduring prosperity and well-being for the peoples on both sides. (E)

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: $325M in Grants for Clean Water Infrastructure

    Source: US State of New York

    overnor Kathy Hochul today announced that $325 million in new funding is available for the next round of the Water Infrastructure Improvement and Intermunicipal Water Infrastructure Grants program. This significant investment will help municipalities across the state repair, upgrade and modernize the drinking water and sewer systems, directly safeguarding public health, improving water quality, and driving economic growth. This funding underscores Governor Hochul’s ongoing commitment to clean water, public health and affordability. By improving infrastructure, the State is not only protecting drinking water and the environment, but also creating good paying jobs in manufacturing, engineering and construction–all while providing crucial financial relief to New Yorkers.

    “New Yorkers deserve clean water, and we’re delivering,” Governor Hochul said. “This $325 million investment is about action, not promises. We’re modernizing our critical infrastructure, tackling PFAS contamination head-on, and giving communities the tools they need to build strong, safe, modern water systems, while keeping utility rates affordable for hardworking families. This is how we protect public health, cut costs, and lay the foundation for lasting progress in New York.”

    The New York State Environmental Facilities Corporation (EFC) will open the grant round on June 20, when applications, guidance and webinar information will be posted to efc.ny.gov. EFC’s website can also connect applicants to the Community Assistance Teams, who can help local governments address their water infrastructure needs and provide tips for submitting competitive applications. Applications will be due September 12.

    This grant round advances Governor Hochul’s comprehensive clean water and affordability agendas by continuing enhanced grant awards for projects that address some of New York’s most urgent water quality needs:

    • PFAS Treatment: Eligible projects that address water systems with emerging contaminants above the State determined maximum contaminant level (MCL) will be awarded 70 percent of net eligible project costs. Water systems with emerging contaminant levels between the federal proposed level and the state level will also get enhanced scoring. For all other projects, including those addressing federal MCLs but below the state’s maximum allowed level, a municipality can receive $5 million or now up to 70 percent of eligible project costs, whichever is less. These improvements to the State’s program are designed to help communities be better prepared to comply with future federal standards and proactively safeguard public health.
    • Small and Rural Sewer Projects: Even with substantial state support for water infrastructure, many small municipalities still face financial barriers. To address this, Governor Hochul is once again directing EFC to double grants from 25 percent to 50 percent of the net eligible project costs for small struggling communities. This enhanced funding will significantly reduce the financial strain on local ratepayers. Further, EFC’s Community Assistance Teams will continue their dedicated work on helping small and rural communities access state and federal investments to address their water infrastructure needs.

    Additionally, municipalities are encouraged to submit applications for other eligible projects including:

    • Wastewater treatment plant construction or upgrades
    • Sewer system extensions or rehabilitations
    • Disinfection and advanced treatment technologies to improve water quality
    • Installation or improvement of drinking water treatment systems
    • Replacement or rehabilitation of aging water mains and service lines
    • Replacement of lead service lines
    • Collaborative projects between municipalities to share services or infrastructure
    • Cost-effective regional approaches to water and sewer infrastructure challenges

    New York State Environmental Facilities Corporation President and CEO Maureen A. Coleman said, “This funding is a game-changer for communities across New York. We’re helping local governments tackle urgent water challenges, from replacing aging pipes to eliminating dangerous contaminants like PFAS, while supporting Governor Hochul’s commitment to affordability. These grants are about impact and ensuring every community has access to clean, safe water for generations to come.”

    New York State Health Commissioner Dr. James McDonald said, “Governor Hochul remains steadfast in her commitment to ensuring New Yorkers have clean water by providing grant opportunities that make getting shovels in the ground an affordable reality. The State Health Department’s Bureau of Water Supply Protection will continue to work with municipalities to update critical infrastructure, remove lead and combat PFAS in drinking water so that the public can be confident their health is protected now and for years to come.”

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “New York is leading the nation in a comprehensive approach to protect public health and the environment. This investment of an additional $325 million to improve clean water infrastructure and address emerging containments is a reflection of our steadfast commitment to delivering clean water to New Yorkers. This investment in local communities highlights Governor Hochul’s dedication to advancing water infrastructure improvements to enhance water quality while keeping costs down for New Yorkers.”

    State Senator Pete Harckham said, “This major investment from the state in the Water Infrastructure Improvement and Intermunicipal Water Infrastructure Grants program will extend financial support where it is most needed. Maintaining safe, accessible drinking water infrastructure, eliminating contaminants like PFAS and addressing critical sewer needs are all integral to future growth and prosperity. Governor Hochul, the New York State Environmental Facilities Corporation and my colleagues in the State Legislature deserve thanks for securing this important financial commitment.”

    Assemblymember Deborah J. Glick said, “Communities across New York will greatly benefit from this critical funding. Local governments desperately need assistance to modernize their water infrastructure to tackle emerging contaminants such as PFAS, and to repair and upgrade aging drinking water and sewer systems. The needs are great, and I thank Governor Hochul for continuing to prioritize these essential grant programs.”

    New York’s Commitment to Water Quality
    New York State continues to increase its nation-leading investments in water infrastructure, including more than $2.2 billion in financial assistance from EFC for local water infrastructure projects in State Fiscal Year 2024 alone. With $500 million allocated for clean water infrastructure in the FY26 Enacted Budget announced by Governor Hochul, New York has invested a total of $6 billion in water infrastructure since 2017. Any community needing assistance with water infrastructure projects is encouraged to contact EFC. New Yorkers can track projects benefiting from EFC’s investments using the interactive project impact dashboard.

    MIL OSI USA News –

  • MIL-OSI Africa: GE Vernova-Larsen & Toubro Consortium to Build Advanced National System Control Center (NSCC) for the Kenya Electricity Transmission Company (KETRACO) in Kenya

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

    • New centers being built at Embakasi and Suswa with advanced grid technology for efficient electricity transmission.
    • GE Vernova to provide advanced grid technology and software, with Larsen & Toubro handling all civil works. 
    • Project financed by France through the French Development Agency and the French Treasury.

    GE Vernova Inc.(NYSE:GEV) (www.GEVernova.com) today announced that the GE Vernova-Larsen & Toubro (L&T) consortium will build an advanced National System Control Center (NSCC) for Kenya Electricity Transmission Company (KETRACO) to monitor and manage Kenya’s national electricity grid. The work will include constructing a Main Control Centre building in Embakasi, equipped with advanced grid software solutions and the latest substation automation, monitoring, and communication equipment. Additionally, an Emergency Control Centre building in Suswa will be constructed, featuring the same systems and an Enterprise Asset Management (EAM) system for transmission operations. GE Vernova booked the order in the first quarter of 2025.

    Kenya’s Electricity Goals

    Kenya has set ambitious electricity goals aimed at achieving universal access and transitioning to a sustainable energy future. The country aims to ensure that 100% of its population has access to reliable and affordable electricity by 2030 (https://apo-opa.co/4dXKxLr). To achieve this, Kenya is investing heavily in expanding its electricity grid and enhancing generation capacity. Additionally, Kenya is focusing on enhancing energy efficiency and developing smart grid technologies to optimize electricity transmission, distribution and consumption.

    “A new, advanced NSCC is essential for managing increased electricity demand as Kenya’s economy grows. When commissioned, the new NSCC system would play a critical role in supporting our mandate as System Operator(SO). It will ensure reliable, secure, and efficient electricity transmission across the country. It is a game-changer for Kenya’s electricity transmission capabilities, significantly improving our ability to manage the grid, enhance the quality of power, and integrate renewable energy sources,” said Dr. Eng. John Mativo, MBS, Managing Director and CEO at KETRACO.

    Consortium Roles and Responsibilities

    GE Vernova, through its French entity Grid Solutions SAS, will lead the consortium and provide advanced grid technology from its Electrification Software and Grid Automation portfolio. This technology includes two solutions from its GridOS® orchestration software portfolio—Advanced Energy Management Systems (AEMS) (https://apo-opa.co/43XaPc4) and Wide Area Management Systems (WAMS) (https://apo-opa.co/3ZpEj0V)—Enterprise Asset Management Systems (EAM), and several solutions from its grid automation portfolio – GridBeats™ (https://apo-opa.co/444Wqee) – Asset Performance Management System (APM), Condition Monitoring devices (https://apo-opa.co/4kCf9on), Substation Automation Systems (https://apo-opa.co/4kyVG7V), and Telecommunication Systems (https://apo-opa.co/3HPMbCK). Larsen & Toubro will handle all civil works, including the construction of two fully equipped greenfield control center buildings, equipment installation, and support for system configuration, testing, and commissioning. The project is expected to be completed within three years.

    “GE Vernova is uniquely positioned to handle projects of this scale and complexity, requiring both advanced software solutions and grid automation equipment, as well as unique financing solutions. With our comprehensive capabilities in managing such projects end-to-end, we believe KETRACO will significantly benefit from GE Vernova’s expertise, ensuring seamless integration and operational efficiency from project inception to completion,” said Philippe Piron, CEO of GE Vernova’s Electrification Systems businesses. “By providing Kenya with an advanced electricity control center, we’re aiming to enhance the reliability and efficiency of its national grid. This is a pivotal step in paving the way for a more sustainable future that supports the country’s electrification and decarbonization goals.”

    Financial and Development Support

    The project is made possible through a financing partnership with the French Development Agency (AFD) and the French Treasury, which are providing vital support to KETRACO for the development of a stronger and more sustainable electricity grid in Kenya. This collaboration reflects a shared commitment to advancing Kenya’s energy goals by enabling more reliable and efficient power infrastructure.

    “France is committed to supporting sustainable infrastructure projects in Kenya, notably in the Power sector, as part of the broader ongoing collaboration between Kenya and France on energy transition and climate. A modern NSCC will make the Kenyan grid more resilient and reliable, enabling the integration of more variable renewable energy and ultimately providing more reliable and affordable power to Kenya’s businesses and households. The project is fully financed by France with two separate and complementary financing from AFD and the French Treasury, supported by a related grand from the European Union dedicated to Capacity building,” said H.E Arnaud Suquet, the French Ambassador to Kenya.

    GE Vernova’s Financial Services business played an integral role in the procurement process, advising the consortium and securing concessional financing from the French Treasury to supplement AFD’s funding. This seamless partnership showcases the importance of combining technical expertise with innovative financing to deliver impactful, future-ready energy solutions.

    – on behalf of GE.

    Notes to Editors:
    A National System Control Center (NSCC) is like a central brain of a country’s electricity grid. It’s responsible for monitoring, controlling, and optimizing the flow of electricity across the entire power system. It can also effectively integrate renewable energy sources like solar, wind, and geothermal into the grid. Real-time monitoring allows for prompt corrective actions, improving grid stability and reducing the risk of power outages and blackouts.

    Media Contact – GE Vernova:
    Rachel Van Reen
    Media Relations
    GE Vernova
    rachael.vanreen@gevernova.com
    +1 678 896 6754

    Anshul Madaan
    Media Relations
    GE Vernova
    anshul.madaan@gevernova.com
    +91 8377880468

    Winnie Gathage
    Africa Communications Leader
    GE Vernova
    winnie.gathage@gevernova.com
    +254 704 873 459

    Media Contact – KETRACO:
    Raphael Mworia
    Manager, Corporate Communications
    rmworia@ketraco.co.ke
    +254 702 949 951
    +254 719 018 000

    Social Media:
    Linkedin: https://apo-opa.co/3HAtinq

    About GE Vernova:
    GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova (www.GEVernova.com) and GE Vernova in Middle East & Africa (https://apo-opa.co/3Tjv0vT).

    GE Vernova’s Electrification segment includes Grid Solutions, Power Conversion, Solar and Storage Solutions, —collectively referred to as Electrification Systems —and digital technologies, referred to as Electrification Software. The solutions offered by this segment are essential for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption.​

    About KETRACO:
    KETRACO, owned by the Government of Kenya, was incorporated on 2nd December 2008 under the Companies Act, pursuant to the reforms in Sessional Paper No.4 to plan, design, construct, own, operate, and maintain high voltage national electricity transmission lines and regional power inter-connector which form the backbone of the National Electricity Grid.

    In carrying out its mandate, the Company is developing a new robust grid system to:

    1. Improve quality, reliability, and safety of electricity supply throughout the Country.
    2. Transmit electricity to areas that are currently not supplied by the national grid.
    3. Evacuate power from planned generation points.
    4. Provide a link with the neighbouring countries to facilitate power exchange and trade in the East Africa Region
    5. Reduce electricity transmission losses hence reducing the cost to the economy.
    6. Protect electricity consumers from the high costs of power by absorbing the capital transmission infrastructure.

    Forward Looking Statements:
    ​    This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements address GE Vernova’s expected future business and financial performance, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on business operations, financial results and financial position and on the global supply chain and world economy.

    Media files

    Download logo

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Major sustainability upgrade work completed at three Coventry leisure centres

    Source: City of Coventry

    Coventry City Council, in partnership with CV Life, has successfully completed a series of major sustainability improvements at three of the city’s leisure centres.

    The leisure centres were awarded almost £750,000 in grant funding from the Department for Culture, Media and Sport and National Lottery through Sport England’s Swimming Pool Support Fund earlier this year to carry out the work.

    The Alan Higgs Centre, Centre AT7 and Xcel Leisure Centre have all benefited from a range of energy efficiency upgrades designed to reduce carbon emissions, lower running costs and support Coventry’s wider climate goals.

    The Alan Higgs Centre has newly installed solar panels funded by a £250,000 grant, whilst Centre AT7 has seen the installation of solar panels alongside a full replacement of fluorescent lighting with energy-efficient LED alternatives, supported by a £270,000 grant. LED lighting has also been installed at Xcel Leisure Centre and its building management system has been upgraded, thanks to the centre being awarded a grant of £220,000.

    Cllr Kamran Caan, Cabinet Member for Public Health and Sport, said: “It’s fantastic to see that this important work has been carried out at three of the city’s most popular leisure centres.

    “Making our leisure centres more energy efficient is really important as it helps to keep costs down, meaning the centres remain affordable and accessible.

    “High-quality and well-maintained facilities play a key role in supporting the health and wellbeing of our communities. Thanks to this funding, people will enjoy safe and modern spaces to exercise for years to come.”

    Councillor Jim O’Boyle, Cabinet Member for Jobs, Regeneration and Climate Change, said: “These energy-efficiency upgrades are fantastic and will benefit everyone who uses these facilities.

    “Going green is important as we move towards net zero, and thanks to the grant funding our most well used leisure centres now have solar and LED lighting. This is a win, win as it will save money and reduce the carbon footprint of both centres.”

    The improvements are projected to reduce energy bills by approximately £140,000 per year across the three sites.

    Steve Wiles, Chief Operating Officer at CV Life, said: “Amid increasing operational costs and the instability of energy prices, the recent funding from Sport England has been a welcomed investment in the future of our centres.

    “This support has enabled us to implement energy efficient technologies that will significantly reduce our electricity consumption. Cost savings aside; the investment plays a vital role in supporting our long-term commitment to environmental sustainability.

    “By lowering our carbon footprint and improving energy efficiency, we are taking firm steps toward achieving our environmental sustainability goals and ensuring our facilities remain both financially and environmentally resilient for years to come.”

    The funding was allocated to centres in communities with the highest need. The allocation of funding aligns with Sport England’s national funding scheme aimed at supporting public leisure centres with swimming pools across the country.

    For more information about the Swimming Pool Support Fund, please visit the SPSF webpage

    MIL OSI United Kingdom –

  • MIL-OSI USA: Rep. Peters’ Bill to Shore up Funding to Address Toxic Wastewater in the Tijuana River Valley Passes in the House

    Source: United States House of Representatives – Congressman Scott Peters (52nd District of California)

    Washington, D.C. – Yesterday evening, the House of Representatives overwhelmingly passed Representative Scott Peters’ (CA-50) legislation, H.R. 1948, to authorize the International Boundary and Water Commission (IBWC) to accept funding from other federal agencies as well as and non-federal sources for wastewater treatment, flood control projects, or other water conservation efforts. Currently, the IBWC relies almost solely upon annual appropriations from Congress or emergency funding to build and maintain its facilities. 

    Rep. Peters and the San Diego Congressional delegation have now secured a total of $650 million for IBWC, which is enough to fully repair and expand the South Bay International Wastewater Treatment Plan (SBIWTP). SBIWTP is the primary facility on the U.S.-side of the border responsible for treating cross-border sewage. Operations and maintenance projects are currently underway on both sides of the border to combat cross-border sewage pollution, and the region will see incremental improvements as each phase is completed. An increase in funding available from non-federal sources such as cities, states, or non-profits would support these projects, bolster future operation and maintenance of the SBIWTP, and strengthen coordination between local, federal, and binational agencies.  

    “I’ve worked with our Congressional delegation and local advocates for years to bring attention to cross-border sewage pollution, and we now have enough money to fix the SBIWTP and double its capacity,” said Rep. Peters. “Our state and local partners have witnessed firsthand the devastating effects of this environmental and public health crisis. Additional funding pathways for the IBWC provide the flexibility we need to better invest in the long-term health and well-being of our region. I urge my Senate colleagues to quickly pass this commonsense legislation.” 

    “Together, our Congressional delegation has successfully secured over half a billion dollars in federal funds to combat cross-border pollution. Our legislation will open up additional funding pathways and help us send more resources to the Tijuana River Valley,” said Rep. Juan Vargas (CA-52). “I’m glad to see this critical bill pass the House and hope to see it swiftly passed in the Senate as well.” 

    “Our San Diego congressional delegation has proudly brought home more than $650 million in federal funds to address the sewage and pollution flowing through the Tijuana River Valley – but we know it’s not enough,” said Rep. Sara Jacobs (CA-51). “This fix would give the IBWC the permanent flexibility it needs for strategic, long-term investments to improve our health, well-being, and safety on both sides of the border.” 

    This bipartisan legislation would allow other federal agencies or non-federal entities like the Department of Defense, the State of California, the City of San Diego and others to provide funding to IBWC. Specifically, it would: 

    • Allow federal and non-federal entities to provide up to $5 million in funding to IBWC to invest in flood control infrastructure. 
    • Include important legislative safeguards to prevent foreign entities of concern from contributing to the agency. 

    “The passage of H.R. 1948 is a victory for our binational region. It provides the International Boundary and Water Commission with the long-needed ability to accept funding from federal, state, and local government agencies, unlocking resources to advance critical infrastructure that will help mitigate the ongoing transboundary pollution crisis,” said San Diego Regional Chamber of Commerce President and CEO, Chris Cate. “For far too long, communities in our region have faced devastating public health, environmental, and economic impacts from untreated sewage and urban runoff. With the passage of this bill, we take a meaningful step forward in safeguarding public health, protecting our shared environment, and supporting the region’s economy and community prosperity. We commend our congressional leaders for their ongoing leadership to address these issues.” 

    Letters of support from the City of San Diego can be found here and from the City of Coronado here. 

    A one pager of the bill can be found here. 

    Further Background: 

    Representative Peters has, for years, worked to address the cross-border pollution fouling San Diego’s coastal waters, including pushing for additional funding to fix and expand the dilapidated SBIWTP. The following are some recent actions: 

     

    2025 

    1. In March, Rep. Peters introduced legislation to authorize the International Boundary and Water Commission (IBWC) to accept funding from federal and non-federal entities for wastewater treatment, flood control projects, or other water conservation efforts. 

    2024 

    1. In January, Rep. Peters took to the House floor to demand that the President’s requested $310 million to fix and expand the dilapidated SBIWTP be included in any upcoming spending deal. 
    1. In February, Rep. Peters joined members of San Diego’s Congressional delegation to ask U.S. Navy Secretary Carlos Del Toro about the effects of cross-border pollution on Navy operations. 
    1. In March, Rep. Peters celebrated the inclusion of $156 million, at his request, for the International Boundary and Water Commission’s (IBWC) construction budget in the Fiscal Year 2024 Appropriations bill. The IBWC is the federal agency tasked with operating and maintaining the SBIWTP. 
    1. In May, Rep. Peters joined Rep. Veronica Escobar (TX-16) in a bipartisan request for $278 million for the IBWC’s construction budget in the Fiscal Year 2025 Appropriations bill. 
    1. In August, Rep. Peters hosted Deputy Secretary of State Richard Verma on a tour of the broken wastewater treatment plant. 
    1. In September, Rep. Peters joined members of San Diego’s Congressional delegation to reiterate their call for a federal state of emergency declaration amid high levels of toxic gases. 
    1. In December, Rep. Peters and the Congressional delegation successfully fought to include an additional $250 million to fully repair and expand the capacity of the SBIWTP in the government funding bill. This brought the total amount of funds secured to $650 million. 

    2023 

    1. In June, Rep. Peters led a letter with other members of the San Diego Congressional delegation to the governor of Baja California urging accountability for the Mexican government’s commitments to build wastewater treatment infrastructure. 
    1. In July, members of the San Diego congressional delegation requested that the Environmental Protection Agency assist with directing environmental justice funds from the Infrastructure Investment and Jobs Act and the Inflation Reduction Act to help stop the flow of pollutants and urged Secretary of State Antony Blinken to tour the broken plant. 
    1. Also in July, they sent a letter to President Biden and submitted an amendment to the National Defense Authorization Act for Fiscal Year 2024, calling on the administration to declare this crisis a federal emergency. 
    1. In August, he led two letters to the Office of Management and Budget and to OMB and the State Department, calling for urgent additional funding to confront this crisis.  
    1. In September, he proposed an amendment to the Fiscal Year 2024 Interior, Environment, and Related Programs Appropriations Bill to boost U.S.- Mexico Border Water Infrastructure Grant Program funding. Additionally, he proposed two amendments to the Fiscal Year 2024 State, Foreign Operations, and Related Programs Appropriations Bill to boost annual construction funding to the USIBWC to $100 million. 
    1. In October, Rep. Peters led a bipartisan letter to the Department of State demanding a complete account of how the SBIWTP fell into such a severe state of disrepair. 
    1. In December, he led a letter urging leaders of the U.S. House of Representatives and U.S. Senate to include President Biden’s $310 million supplemental budget request to repair the SBIWTP in any upcoming funding package. 

     

    In previous years, Peters and colleagues have secured funding, introduced legislation, called for investigations, and arranged a visit by EPA Administrator Regan in response to the wastewater contamination crisis.  

      

    ###

    MIL OSI USA News –

  • MIL-OSI United Kingdom: expert reaction to R&D elements of the Spending Review

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on the R&D elements of the Spending Review, as announced by the Chancellor.

    Adrian Smith, President of the Royal Society, said:

    “The Chancellor has today backed British science with the commitment of £86bn over the next four years. This is a welcome show of support for the UK’s outstanding science base. In difficult circumstances this will give some certainty to those looking to lead research and invest in the UK.

    “It is good to see the Government recognise the skills gap, but we need a fundamental reset to maths and data education, for all ages, to equip young people with the skills they need for modern well-paid jobs. The Chancellor’s speech also had a welcome emphasis on a clean and secure energy future for the UK.

    “While today’s commitment to protecting the research and innovation budget is encouraging, we continue to lag behind our competitors in the G7 on research and innovation investment when we should be looking to lead. We must also go further to attract and retain global talent. The UK’s sky-high upfront visa costs are an unnecessary deterrent at a time when our competitors are rolling out the welcome mat for the brightest minds.”

     

    Steve Bates OBE, CEO of the UK BioIndustry Association (BIA), said:

    “The Chancellor’s investments in R&D through UKRI and scaling life science companies through the British Business Bank is a huge vote of confidence in our sector’s ability to drive economic growth.

    “Investments into life sciences and AI will transform drug discovery and deliver greater NHS efficiency, the Health Data Research Service could make the UK the go-to destination for health innovation, while new funding for medicines manufacturing will help us attract internationally mobile investments to the UK and create well-paid rewarding jobs across the country.

    “Greater operational freedom and budget for the British Business Bank will allow it to play an even greater role in boosting our venture capital ecosystem and complementing the Chancellor’s pension reforms to increase investment in Britain’s growth sectors. This is the critical element of the Chancellor’s Plan for Change that really must be delivered to the full, with no stone left unturned.

    “We await the Industrial Strategy and Life Sciences Sector Plan later this month to see the full details of how the spending plans announced today will be delivered in reality, and look forward to working in partnership with Government to make every penny count for Britain’s economy, people and patients.”

     

    Professor Dame Ottoline Leyser, UKRI Chief Executive, said:

    “This multi-year settlement confirms the government’s continued commitment to the critical role of research and innovation in delivering a high-productivity, high-growth economy, improving public services and creating high-quality jobs across the UK. 

    “Over the coming months we will work with the Department for Science, Innovation and Technology on the allocations process to ensure we can best support the research and innovation critical for the UK’s prosperity.” 

    Dr Joe Marshall, Chief Executive of NCUB said: 

    “We welcome the Government’s ongoing recognition that research and innovation are at the heart of sustainable economic growth. The headline commitment to an £86 billion R&D budget over four years is critical. Our analysis shows that every £1 invested in research leverages an additional £4 from business in the long term — generating profound economic, social, and cultural benefits for the UK. 

    “The Spending Review shapes not only the scale of funding for research, innovation, and skills but also its strategic direction. We applaud the pledge to extend R&D impact across the whole UK — notably through the new Local Innovation Partnerships Fund in England and reforms following the Green Book Review. The guidance for developing Local Growth Plans in England rightly references the critical importance of involving local businesses, higher education providers and bodies such as UKRI.”  

    “The allocation of the £86 billion research budget reveals important priorities. The substantial increase in defence-related R&D spending — rising from £1.7 billion in 2025/26 to £2.4 billion in 2028/29 — signals a shift in the research landscape that will have significant implications for the kinds of projects funded.” 

    “While the commitment to R&D funding is welcome, it is vital that key risks within the research and innovation system are addressed. UK universities play an indispensable and multifaceted role but continue to face severe funding pressures. The Chancellor’s acknowledgement that our universities are a national asset was encouraging, yet proper, sustained investment is essential to enable universities to drive UK innovation and progress forward.” 

     

    Dr Alicia Greated, Executive Director, Campaign for Science and Engineering (CaSE), said:

     “The Chancellor’s speech today has brought welcome confirmation of the announcements made at the weekend that the UK R&D budget is being protected in tough fiscal circumstances. Supporting UK R&D is an essential way to generate growth in the economy, ensure excellence in UK universities and research institutes, stimulate private sector innovation, and improve lives and livelihoods across the UK.

    “It is important that we now consider the full detail of the spending review publications, as well as, critically, future departmental allocations. CaSE will be working to analyse the plans and assess the impact they will have on the R&D sector, particularly as there are several promising new initiatives that will need accounting for alongside existing commitments””

    Declared interests

    The nature of this story means everyone quoted above could be perceived to have a stake in it. As such, our policy is not to ask for interests to be declared – instead, they are implicit in each person’s affiliation.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Plans to increase infrastructure levy on Office and Research and Development space

    Source: City of Oxford

    Wednesday, 11 June 2025

    Following an independent review, Oxford City Council has published plans to increase the Community Infrastructure Levy (CIL) paid on all new Office and Research and Development buildings for the first time since the levy was introduced in 2013.  

    If approved by the Council’s Cabinet, the rate for all planning applications approved after 15 August 2025 would increase from £33.74 to £172.28 per m2. Rates for all other uses will stay the same. 

    Based on evidence submitted during the review, it is estimated this could result in up to £30m for infrastructure in the city over the next few years.  

    CIL is a planning charge on new development to help the funding of infrastructure. The Council sets and collects the levy, coordinates the spending of the funds and reports this to the community.  

    Local authorities must spend the levy on infrastructure to support the local area.  

    External agency, Intelligent Plans and Examinations (IPE), completed the review earlier this year, recommending the increase go ahead. They found that the increase would not threaten the delivery of this type of development in Oxford or put economic growth and new jobs at risk.   

    There is more information about the different rates and uses on the Council’s website.

    Comment 

    “Office and Research and Development schemes are a key part of the growth of Oxford’s economy. As well as providing jobs for Oxford people new developments need to contribute fairly to the infrastructure that supports the whole city. 

    “This increase would help ensure that a new development benefits people across Oxford by allowing more investment in the community facilities all of us rely on.” 

    Councillor Alex Hollingsworth, Cabinet Member for Planning and Culture 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Oxford City Council publishes first draft of Oxford Local Plan 2042

    Source: City of Oxford

    The strategic document will underpin all planning decisions in Oxford until 2042. It will help to shape how the city of Oxford tackles our housing crisis, supports our economy, reduces carbon emissions, and supports the diverse communities and neighbourhoods.  It aims to make our city more equal and more resilient. 

    It will do this by ensuring: 

    • 40% affordable housing in developments of 10 or more homes, with a priority on social rent
    • more flexibility and opportunities in neighbourhoods and district centres 
    • all potential development options are assessed, including looking at potential for development of the least valued parts of the Green Belt; maps of potential sites and areas of search will be available during the consultation
    • developments must include more trees, hedges and other green features as well as biodiversity net gain
    • affordable workspace strategies for key employment sites to encourage a diverse economy
    • all large developments to include Community Employment and Procurement Plans that promote local jobs and supply chains
    • all new buildings are net zero carbon in operation from the start of the plan 

    Subject to Cabinet approval on 18 June, the draft will go out to public consultation from 27 June to 8 August 2025.  

    The feedback received during this time will help shape the second draft of the plan, which the Council aims to run public consultation on later this year before submitting the final draft to the Government for examination. 

    The full draft Local Plan 2042 is available on the Council’s website.  

    Comment 

    “We’ve set out a vision for Oxford in the Draft Local Plan 2042: one that tackles our housing crisis, addresses inequalities across our communities and responds to the climate crisis, all the while respecting the city’s heritage.  

    “The Local Plan 2042 will sit at the core of all planning decisions, so we need to get it right. When the consultation opens, we want you to have your say and tell us if we’re heading in the right direction. 

    “This plan matters. It will shape how Oxford grows over the next two decades – what gets built, where, and how we support a fairer, more sustainable future.” 

    Councillor Alex Hollingsworth, Cabinet Member for Planning and Culture 

    Oxford Local Plan 2042 

    Tackling Oxford’s housing crisis 

    There is an urgent need for new homes in Oxford. The current housing crisis means rental and purchase prices are well above average and out of reach for many, forcing too many people out of the city. This is projected to worsen in the coming decades if there is no action. However, the city’s boundaries and environmental constraints there is not enough available land to meet demand. To address this, the draft Local Plan 2042: 

    •  must investigate all potential development opportunities, including small pockets of Green Belt that meet specific criteria. In Oxford, the majority of Green Belt areas are protected as Sites of Special Scientific Interest (SSSI) or flood plains and have already been ruled out leaving a limited amount to be investigated. Maps showing the areas being considered for more detailed assessment will be published during the consultation 
    • includes options for site allocations and Areas of Focus, which, alongside policies requiring efficient use of land, mean more parts of the city are likely to see redevelopment and densification  
    • continue to allow for changes of use, such as house building, on employment sites 
    • proposes 40% of new developments, with more than 10 homes, should be affordable. 

    Since the publication of the Local Plan 2036, the government rightly requires all councils to use a ‘Standard Method’ to calculate housing need. For Oxford, the Standard Method is 1,087 homes a year. Because of the city’s tight boundaries and limited number of developable sites because of flood zone or SSSI protection the Council believes that not all of this need will be met inside Oxford. At this stage, the Council will put forward an interim capacity of only 493 homes per year while further investigation is ongoing.  

    Creating a fairer economy that works for everyone 

    Oxford is home to world-leading industries and technologies, with growth already happening across all sectors. The Council’s goal is to support this growth in a sustainable way that benefits everyone in the city. The draft Local Plan 2042 aims to do this while balancing other priorities, particularly housing, by proposing: 

    • all large development sites must deliver Community Employment and Procurement Plans (CEPPs) to promote jobs and apprenticeships for local people, and use of local businesses and suppliers 
    • employment sites must provide an affordable workspace strategy to support a diverse range of businesses 
    • key employment sites outside of the city and district centres are protected for their importance to the economy 
    • within the city centre and district centres, there is full flexibility of use – for example an office block could be converted into residential as long as decent standards are met. 

    Tackling the climate and biodiversity crisis 

    In January 2019, Oxford declared a climate emergency. Since then, the Council has worked to tackle the climate emergency, reduce carbon emissions and empower residents to take action. The Local Plan 2042 will ensure this work remains a priority. The draft plan proposes: 

    • all new buildings are net zero carbon in operation by the time the plan is adopted. 
    • supporting and making easier the retrofitting of existing buildings to reduce carbon emissions, including better insulation and energy upgrades 
    • green spaces are protected and new developments must include more trees, hedges and other green features 
    • new buildings must be designed to cope with extreme weather and future climate risks, including flooding and overheating 
    • sustainable drainage and protection of air, water and soil to protect public health and the environment. 

    Supporting strong communities 

    The Local Plan 2042 will support strong, welcoming communities where everyone has a fair chance to thrive. People will have equal access to housing, jobs, healthcare, green spaces, leisure, and a shared sense of pride in the city’s heritage and culture. It will ensure Oxford is a place where communities are supported to grow, connect, and shape the future together. To do this, the draft proposes: 

    • to protect local centres and encourage new facilities and services in already accessible locations, making it easier for people to combine trips and access nearby shops and amenities 
    • policy on car parking aims to reduce car dependency and create safer, more attractive spaces for walking and cycling 
    • high-quality urban design to make developments accessible and enjoyable for everyone 
    • an updated Infrastructure Delivery Plan to identify the extra services needed to support new development — from school places and health services to walking and cycling routes 
    • all new developments must respect Oxford’s heritage, including its iconic skyline and historic views, and contribute positively to the city’s character and identity. 

    Next steps 

    The draft Oxford Local Plan 2042 will be considered by the Council’s Cabinet on 18 June. If approved, public consultation will run from 27 June to 8 August. 

    Feedback from this consultation will help shape the next version of the plan, which the Council aims to consult on by the end of the year before submitting it to the Planning Inspectorate for examination. 

    The Local Plan 2042 will eventually replace the current Oxford Local Plan 2036. Once adopted, it will become the legal basis for determining planning applications in Oxford. 

    Oxford residents, businesses and community organisations are encouraged to read the draft plan and have their say by visiting the City Council’s website from 27 June. 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UK Spending Review locks in decades of austerity

    Source: Scottish Greens

    11 Jun 2025 Finance

    Labour could choose to tax the rich, instead they’re making more cuts to vital sectors

    More in Finance

    The UK Labour Government’s Spending Review will lock in many years of austerity and drive people further into poverty and hardship, warn the Scottish Greens.

    Chancellor Rachel Reeves’ announcement saw £52 billion of spending in total promised for Scotland, but noted losses to the budgets for crucial devolved areas such as transport, environment and rural affairs, while increasing spending in reserved areas such as defence and nuclear energy. 

    Labour also made no indication of scrapping the harmful policies that exacerbate widespread poverty across Scotland and the wider UK.

    Responding to the publication of the UK Government’s Spending Review, Scottish Greens co-leader Patrick Harvie MSP said:

    “The UK Spending Review should be a chance for the UK Government to ditch some of the most damaging policies that have driven people across the UK into poverty and hardship.  

    “Despite the shiny capital announcements made so far, Labour’s ideologically driven, self-imposed borrowing rules will still lock in austerity for many years to come.  

    “The UK Government could choose to tax the wealthiest in society – millionaires and billionaires – and raise more than £24 billion a year. 

    “Just like their Tory predecessors – Labour remain all too happy to balance the books through slashing support for some of our most marginalised communities – all while allowing the rich to get even richer. Scotland has had enough of mitigating bad decisions made by Westminster. 

    “The Scottish Greens are not scared of taking on vested interests and ensuring that the wealthiest in society and the big polluters pay their fair share. 
     
    “We’ll soon see what hand the Spending Review deals for Scotland’s budget. 

    “The Scottish Government must now show the boldness that’s been missing from both governments so far, especially on the action needed now to tackle the climate emergency, instead of relying on techno-fixes that are still on the drawing board.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Ireland

    Source: IMF – News in Russian

    June 11, 2025

    • The Irish economy has performed well and entered 2025 in a strong position.
    • The domestic economy is projected to continue growing, albeit at a slower pace in a highly uncertain global environment.
    • There are significant external downside risks to growth and public finances, which are vulnerable to external trade and tax policy shifts.

    Washington, DC: On June 6, 2025, the Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Ireland.[1]

    The Irish economy has performed well. The domestic economy, as measured by the Modified Gross National Income, is estimated to have grown by about 4 percent in 2024. Robust consumption and strong net exports, dominated by foreign multinational enterprises (MNEs), contributed positively to growth. Headline inflation has fallen to target, while service inflation has been more persistent. The labor market remains tight, although pressures appear to be easing. The general government balance continued to register a sizeable surplus in 2024, supported by large corporate income tax receipts from multinational enterprises. Bank lending growth has strengthened, largely driven by housing and consumer loans.

    The domestic economy is projected to continue to grow, though at a slower pace in a highly uncertain global environment. The strong labor market and rising real incomes, as well as anticipated pick up in housing investment and government capital spending would support domestic demand. While the direct effect of the announced tariff measures is projected to be contained, heightened global uncertainty would though weigh on household and business spending decisions.

    There are significant downside risks to the growth outlook. The concentration of activity in a small number of MNEs leaves the economy and public finances vulnerable to external trade and tax policy shifts and firm- or sector-specific shocks. More broadly, a sustained reversal of globalization would put at risk the Irish economic model which has benefitted from free trade and capital flows. Domestically, supply-side constraints could delay the attainment of infrastructure and housing goals.

    Executive Board Assessment[2]

    Executive Directors welcomed the strong economic performance, which has been underpinned by robust domestic demand and prudent policies. Directors highlighted that while the outlook remains positive, there are considerable downside risks, given high global uncertainty and Ireland’s significant exposure to trade and investment shocks. Accordingly, Directors emphasized the need to maintain fiscal prudence, safeguard financial stability, and advance structural reforms to support resilience and growth.

    Directors recommended that fiscal policy continue to focus on building buffers, stepping up public investment, and reducing revenue uncertainty. Noting that the economy is operating at full capacity, Directors agreed that a broadly neutral fiscal stance with increased capital expenditure is appropriate as it would allow Ireland to address infrastructure needs without adding to aggregate demand. Important measures include enhancing public spending efficiency and broadening the tax base to reduce reliance on uncertain corporate tax revenue. Directors agreed that Ireland would benefit from a strengthened national fiscal framework that further ensures long-term fiscal sustainability and enhances the credibility and predictability of fiscal policy.

    Directors recognized the resilience of the financial sector, while underscoring the importance of continued close monitoring of financial stability risks. Noting the high global uncertainty, Directors emphasized the need for continued vigilance, as shocks to the non-bank sector could be transmitted to other parts of the financial system and the real economy. Directors agreed that the macroprudential stance is appropriate and that measures should continue to be reassessed as conditions evolve. While welcoming progress on reducing risks from the non-bank sector, Directors urged continued efforts to improve regulation and supervision and address data gaps in collaboration with international regulators and other jurisdictions.

    Directors emphasized the importance of enhancing resilience and competitiveness, amid external policy shifts and deepening geoeconomic fragmentation. Measures to promote linkages between domestic and multinational firms in innovation cooperation and improve infrastructure would help foster increased competitiveness. Directors also encouraged continued engagement in the EU to further strengthen the single market. Noting the potential dividends for growth, Directors acknowledged that Ireland is well-positioned to harness the benefits of digitalization and AI. They also highlighted the need to address supply-side constraints in housing, including by boosting productivity in the construction sector and enhancing housing policy certainty.

    Ireland: Selected Economic Indicators, 2021–30
         

    Projections

    		  
     

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030
     

    (Annual percentage change, constant prices, unless otherwise indicated)
     

    Output/Demand

    		                    

    Real GDP 1/

    16.3

    8.6

    -5.5

    1.2

    3.2

    2.1

    2.1

    2.2

    2.1

    2.3

    Real GNI* (growth rate) 2/

    13.9

    4.6

    5.0

    3.7

    2.4

    2.2

    2.0

    2.2

    2.3

    2.3

    Domestic demand

    -16.4

    8.0

    6.0

    -11.9

    7.6

    2.4

    2.4

    2.4

    2.5

    2.5

    Public consumption                 

    6.3

    3.0

    4.3

    4.3

    2.5

    2.5

    2.5

    2.5

    2.5

    2.5

    Private consumption                 

    8.9

    10.7

    4.8

    2.3

    2.3

    2.0

    2.0

    2.0

    2.1

    2.1

    Gross fixed capital formation

    -39.4

    3.7

    2.8

    -25.4

    20.0

    3.0

    3.0

    3.0

    3.0

    3.0

    Exports of goods and services

    14.1

    13.5

    -5.8

    11.7

    3.1

    2.2

    2.5

    2.5

    2.5

    2.5

    Imports of goods and services

    -8.7

    16.0

    1.2

    6.5

    4.9

    2.4

    2.8

    2.7

    2.8

    2.7

    Output gap

    3.4

    3.1

    1.0

    1.2

    0.9

    0.6

    0.3

    0.1

    0.0

    0.0
                         

    Contribution to Growth

    		                    

    Domestic demand

    -13.1

    4.7

    3.5

    -7.7

    4.4

    1.4

    1.4

    1.4

    1.5

    1.5

    Consumption

    3.0

    3.0

    1.6

    1.1

    1.0

    0.9

    0.9

    0.9

    0.9

    0.9

    Gross fixed capital formation

    -16.3

    0.8

    0.6

    -5.9

    3.4

    0.6

    0.6

    0.6

    0.6

    0.6

    Inventories

    0.2

    0.9

    1.3

    -3.0

    0.0

    0.0

    0.0

    0.0

    0.0

    0.0

    Net exports

    29.1

    3.3

    -9.1

    9.3

    -1.0

    0.7

    0.7

    0.8

    0.7

    0.8

    Residual

    0.3

    0.6

    0.1

    -0.3

    -0.2

    0.0

    0.0

    0.0

    0.0

    0.0
                         

    Prices

    		                    

    Inflation (HICP)

    2.4

    8.1

    5.2

    1.3

    1.9

    1.7

    1.8

    1.9

    2.0

    2.0

    Inflation (HICP, core)

    1.6

    5.0

    5.1

    2.4

    2.1

    2.2

    2.0

    2.0

    2.0

    2.0

    GDP deflator

    1.1

    6.8

    3.6

    3.3

    1.9

    1.4

    1.8

    2.1

    2.0

    2.0
                         

    Employment

    		                    

    Employment (% changes of level, ILO definition)

    6.5

    6.9

    3.4

    2.7

    1.5

    1.1

    0.8

    0.6

    0.6

    0.6

    Unemployment rate (percent)

    6.3

    4.5

    4.3

    4.3

    4.5

    4.7

    4.8

    4.8

    4.8

    4.8
                         
     

    (Percent of GDP)

    Public Finance, General Government

    		                    

    Revenue

    22.2

    22.3

    24.3

    27.8

    25.6

    25.7

    25.7

    26.1

    26.2

    26.2

    Expenditure

    23.5

    20.6

    22.7

    23.5

    24.2

    24.4

    24.6

    24.8

    24.9

    25.0

    Overall balance

    -1.4

    1.7

    1.5

    4.3

    1.4

    1.3

    1.1

    1.3

    1.3

    1.2

    in percent of GNI*

    -2.7

    3.3

    2.7

    7.4

    2.4

    2.3

    1.9

    2.3

    2.3

    2.0

    Primary balance

    -0.6

    2.3

    2.2

    4.9

    2.0

    1.9

    1.7

    2.0

    2.1

    2.0

    Cyclically adjusted primary balance

    -1.6

    1.4

    1.9

    4.4

    1.7

    1.7

    1.6

    1.9

    2.1

    2.0

    Structural primary balance 3/

    -0.6

    -0.6

    -0.4

    -0.8

    -0.9

    -0.9

    -0.9

    -0.8

    -0.7

    -0.7

    General government gross debt

    52.6

    43.1

    43.3

    40.9

    36.4

    34.4

    33.1

    31.6

    30.2

    29.0

    General government gross debt (percent of GNI*)

    102.3

    84.2

    75.9

    70.0

    62.8

    59.3

    57.1

    54.5

    52.1

    50.1
                         

    Balance of Payments

    		                    

    Trade balance (goods)

    37.5

    39.4

    30.6

    33.1

    36.6

    36.1

    35.7

    35.6

    35.8

    35.8

    Current account balance

    12.2

    8.8

    8.1

    17.2

    12.2

    11.6

    11.1

    10.6

    9.9

    9.2

    Gross external debt (excl. IFSC) 4/

    284.9

    229.9

    218.9

    198.0

    179.9

    166.4

    153.3

    140.6

    129.3

    118.9
                         

    Saving and Investment Balance

    		                    

    Gross national savings

    35.3

    31.7

    34.4

    34.6

    31.5

    30.9

    30.3

    29.9

    29.3

    28.8

    Private sector

    35.5

    29.0

    31.8

    29.2

    29.1

    28.6

    28.4

    27.7

    27.2

    26.8

    Public sector

    -0.2

    2.7

    2.6

    5.3

    2.4

    2.2

    2.0

    2.2

    2.2

    2.0

    Gross capital formation

    23.1

    22.9

    26.3

    17.4

    19.3

    19.2

    19.3

    19.2

    19.4

    19.5
                         
                         

    Memorandum Items:

    		                    

    Nominal GDP (€ billions)

    449.2

    520.9

    510.0

    533.4

    561.2

    581.1

    603.9

    630.2

    656.8

    685.2

    Nominal GNI* (€ billions)

    230.8

    267.0

    290.9

    311.8

    325.3

    337.0

    349.8

    364.9

    380.7

    397.2

    Modified domestic demand (percentage change) 5/

    8.0

    8.8

    2.6

    2.7

    2.1

    2.1

    2.2

    2.2

    2.3

    2.3
                         

    Sources: CSO, DoF, Eurostat, and IMF staff estimates and projections.

    		      

    1/ Real GDP growth is reported in non-seasonally adjusted terms. 

    		  

    2/ Nominal GNI* is deflated using GDP deflator as proxy, since an official GNI* deflator is not available.

    		      

    3/ Excludes estimated windfall CIT receipts. In 2024 also excludes CIT receipts of 2.5 percent of GDP following judgment by the Court of Justice of the EU.

    		  

    4/ IFSC indicates international financial services.

    		      

    5/ Modified Domestic Demand (MDD) measures Ireland’s domestic economic activity by excluding certain capital investment items such as aeroplanes purchased by leasing companies in Ireland and Intellectual Property purchases of foreign-owned corporations from final domestic demand.

    		  

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/10/pr25189-ireland-imf-executive-board-concludes-2025-article-iv-consultation-with-ireland

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Security: NPCC statement on Spending Review

    Source: United Kingdom National Police Chiefs Council

    Chief Constable Gavin Stephens, NPCC Chair, responds to the Government’s Spending Review.

    Chief Constable Gavin Stephens, NPCC chair, said: “We recognise that the Government faces tough financial choices. In the face of these challenges, it’s now more important than ever that police chiefs and government continue to unite behind radical reform for policing, and crucially, give forces the flexibility they need to modernise their workforce.

    “Despite the news today, our ambition to tackle violence against women and girls, reduce knife crime and build confidence in local policing remains.

    “However, it is clear that this is an incredibly challenging outcome for policing. In real terms, today’s increase in funding will cover little more than annual inflationary pay increases for officers and staff.

    “Whilst we await further detail on allocation to individual forces, the amount falls far short of what is required to fund the Government’s ambitions and maintain our existing workforce.

    “A decade of underinvestment has left police forces selling buildings, borrowing money and raising local taxes to maintain the what we already have, with forces facing a projected shortfall of £1.2bn over the next two years, which is now expected to rise.

    “This is against a backdrop of increasing crime rates, with new and escalating threats from organised crime and hostile states, and more offenders being managed in the community as a result of an overstretched criminal justice system.

    “Cutting crime isn’t just about officer numbers – we need specialist skills and people, supported with the right systems and technology, to better protect communities.

    “We fully support the Government’s drive to cut crime and grow officer numbers, but for these to succeed, investment in policing must live up to the ambition.”

    MIL Security OSI –

  • MIL-OSI Africa: Angola takes a decisive step towards ensuring safer, more effective, and more accessible medicines and health technologies

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

    Download logo

    Between June 3 and 5, the Angola Medicines and Health Technologies Regulatory Agency (ARMED), with technical support from World Health Organization (WHO) and funding from the European Union (EU), held a strategic meeting to monitor progress in implementing the recommendations made as part of the assessment of its regulatory maturity.

    The session was attended by 25 ARMED professionals and resulted in the drafting of the Institutional Development Plan (IDP), the aim of which is to strengthen the national regulatory system, bringing it into line with international standards, in a context in which the pharmaceutical sector is becoming increasingly attractive for investment.

    According to WHO Representative in Angola, Dr. Indrajit Hazarika, supervision is an essential pillar of the pharmaceutical sector, encompassing a complex network of production, distribution, and marketing medicines.

    Dr. Hazarika stressed that “medicines and medical products are fundamental for access to health care, and it is essential to guarantee their quality so that the goal of health for all can be achieved”.

    This meeting is part of WHO’s ongoing support to the Angolan government in strengthening the regulatory system. WHO experts from the Geneva headquarters and the Africa regional and national offices analyzed the Angolan regulatory system based on WHO Quality Management System principles and the international benchmarking tool – the Global Benchmarking Tool (GBT). 

    During the meeting, the progress made in implementing the technical recommendations was assessed, and a review was also made of the actions taken following the 2022 and February 2024 self-assessment exercises. The Institutional Development Plan (IDP) was updated in this context, a strategic document that will guide ARMED until 2027.

    The aim is to reach Maturity Level 3, internationally recognized as the benchmark for a functional regulatory system, capable of guaranteeing the availability of safe, effective, and quality medicines on the national market.

    Despite the progress already made, the pace of implementation needs to be accelerated. Holding regular meetings to follow up on the IDP is key to monitoring progress, identifying obstacles, adjusting strategies, and ensuring continued alignment with international standards. 

    In addition, these meetings also strengthen institutional commitment, promote transparency, and facilitate coordination between technical and financial partners.

    ARMED’s Director General, Dr. Pombal Mayembe, stressed the importance of the initiative. “At the World Health Assembly, there was extensive discussion about the local production of medicines. Angola cannot be left out of this movement. We want to reach level 3 of maturity by 2027. Is that possible? Yes, with the support of WHO, EU, and other partners, we are firmly committed to achieving this goal.”

    For his part, Pierre Destexhe, representing the European Union, highlighted ARMED’s role in controlling the quality of the national medicines market, as well as its contribution to ensuring that access to safe, quality medicines becomes an ever greater reality in Angola, within the scope of Universal Health Coverage.

    The meeting, which made it possible to assess progress and draw up ARMED’s IDP, represents a decisive step towards consolidating a robust regulatory system in Angola, reaffirming the government’s commitment to guaranteeing the population’s access to safe, quality medicines, while at the same time promoting local production based on international standards.

    – on behalf of World Health Organization (WHO) – Angola.

    MIL OSI Africa –

  • MIL-OSI Africa: Correctional Services Committee Raises Concern About Department’s Projected R1.4 Billion Over-Expenditure

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

    Download logo

    The Portfolio Committee on Correctional Services has raised its concerns about the Department of Correctional Services’ (DCS) over-expenditure, which is projected to reach R1.4 billion.

    Yesterday, the committee heard that the department’s year-to-date expenditure for the period ending 31 December 2024 is R21,6 billion (78%), while projected annual expenditure is R29,2 billion against the adjusted budget of R27,8 billion, which will result in projected overspending of R1,4 billion.

    The committee was briefed by the DCS on its second and third quarter performance report for the 2024/25 financial year.

    The projected overspending is due to a cost-of-living adjustment, effected in April 2024. In addition, the capital budget is underfunded by R222 million, constraining infrastructure upgrades and maintenance. Food costs have also surged, driven not only by inflation and a growing inmate population, but also by the rising number of foreign nationals housed in correctional facilities.

    The current budget is overspent due to rising municipal tariffs for electricity, water and sanitation, which have escalated above the consumer price index, creating further strain on the already stretched Goods and Services budget. The DCS also indicated that it faces fixed, inflexible costs for public–private partnership facilities, limiting room for reprioritisation.

    Additionally, the devolution of maintenance responsibilities from the Department of Public Works and Infrastructure to DCS without a corresponding increase in the accommodation charges allocation has left a funding gap of R154 million. The information and technology branch’s budget in the DCS is also severely constrained, hampering efforts to modernise digital infrastructure and cybersecurity, the committee was informed.

    Committee Chairperson Ms Kgomotso Anthea Ramolobeng said: “Of course, we raised concerns about this trend. It is worrying although the factors for such overspending have been placed before us. We urged the department to tighten its belt, like using for example offender labour wherever possible in order to cut cost and that will result in a transfer of skills.”

    The committee heard that the DCS has implemented measures to curb projected over-expenditure of its budget vote by appointing a committee that is responsible for monitoring expenditure on a weekly basis. “We noted these interventions and hope that the corrective measures will bear fruit. We will need a report detailing progress regarding those measures,” emphasised Ms Ramolobeng.

    The DCS also reported that it has had 29 unnatural deaths in its facilities out of an inmate population of 160 353. Ms Ramolobeng said the committee has on numerous occasions raised concerns about inconsistencies in reporting between the DCS and Judicial Inspectorate for Correctional Services on the number of unnatural deaths. “Both parties need to sit down and come up with a way forward of how to address this reporting deficit. We want the DCS to submit a report to us following that sit-down meeting,” she said.

    – on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa –

  • MIL-OSI Europe: AFRICA/SUDAN – Kordofan, the new epicenter of the Sudanese conflict

    Source: Agenzia Fides – MIL OSI

    Wednesday, 11 June 2025 wars  

    Khartoum (Agenzia Fides) – The Kordofan region has become the main stage of the war that, since December 2023, has seen the Sudanese army (Sudan Armed Forces – SAF) against the Rapid Support Forces (RSF).The region is divided into three federal states: North, South, and West Kordofan. Its strategic importance lies in its central location: it separates Darfur, the RSF’s western stronghold, from the eastern regions where the army has managed to expel the paramilitaries, especially from the Khartoum area.In response to this situation, the the army has deployed significant troops in the region, with easily accessible supply lines from the rear. They are currently advancing along the Saderat highway in an attempt to capture Bara, the largest city under RSF control in North Kordofan. In response, the RSF has launched attacks against government positions in Babanusa, in West Kordofan.Losing control of Kordofan would open the door for a direct enemy offensive in Darfur. Therefore, the paramilitaries led by Mohamed Hamdan “Hemedti” Dagalo have declared a general mobilization to halt the army’s advance. Both sides have intensified drone attacks. The army has bombed RSF positions in Bara and Gabrat al-Sheikh—north and northwest of El Obeid, the capital of North Kordofan, as well as in Nyala, the capital of South Darfur and a key RSF logistical hub. In turn, the paramilitaries have used drone attacks on military positions in El Obeid, a town controlled by the paramilitaries but virtually surrounded by the RSF. The conflict is increasingly taking on an international dimension. The SAF has accused the RSF, with the support of Khalifa Haftar’s Libyan National Army, of attacking border posts in the border triangle between Libya, Egypt, and Sudan.In a statement, the Sudanese Ministry of Foreign Affairs denounced the UAE’s support for these actions, calling them a “dangerous escalation” and a “clear violation of international law.” “The border between Sudan and Libya has become a corridor for arms trafficking and mercenaries serving terrorist militias, financed by the UAE and coordinated by Haftar’s forces and other extremist groups,” the Ministry said. The accusations have been rejected by the Libyan general, although it is acknowledged that Haftar enjoys support from both the Emirates and Egypt, a country that is among the Sudanese army’s main allies. (L.M.) (Agenzia Fides, 11/6/2025)
    Share:

    MIL OSI Europe News –

  • MIL-OSI: Talkdesk shatters outdated customer experience paradigm with launch of Customer Experience Automation platform

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif. and LAS VEGAS, June 11, 2025 (GLOBE NEWSWIRE) — Talkdesk®, Inc. today upended the customer experience (CX) market with the launch of Customer Experience Automation (CXA)—a new software category and platform purpose-built to automate the full complexity of modern customer journeys.

    Customer Experience Automation goes far beyond traditional contact center as a service (CCaaS) and customer relationship management (CRM) solutions. This next-generation platform replaces fragmented, manually coordinated workflows with a unified system of intelligent, autonomous artificial intelligence (AI) agents. These agents collaborate in real time to orchestrate and resolve complex challenges across the entire customer experience lifecycle.

    “For years, businesses have faced a false choice: deliver personalized service or operate efficiently at scale,” said Tiago Paiva, chief executive officer and founder of Talkdesk. “CXA ends that tradeoff. It’s not just automation—it’s coordinated, autonomous resolution of complex business problems with speed, scale, and impact, without sacrificing the personal touch customers expect.”

    The pursuit of effective, scalable processes to solve complex customer situations isn’t new, but the specialization of tools and expertise to address them has often led to dated systems, siloed knowledge, and fragmented data—ultimately breaking the customer journey into disjointed pieces. Spotty attempts at automation have frequently resulted in a patchwork of disconnected bots and brittle integrations that deliver poor and inconsistent experiences, eroding customer trust rather than building it.

    The Talkdesk CXA platform is engineered to shatter this paradigm. It introduces a new operating system for customer experience—built on multi-agent AI orchestration and fueled by the Talkdesk Data Cloud, which unifies structured and unstructured data across every customer interaction, channel, and system of record. By turning transcripts, call recordings, messages, and case notes (combined with customer data points from multiple CRMs and specialized systems) into actionable knowledge, the Data Cloud gives AI agents the context they need to solve real business problems intelligently, autonomously, and at scale.

    This foundation powers a virtuous cycle of automation: discover high-impact opportunities, build intelligent workflows, orchestrate coordinated teams of AI agents, and measure outcomes to drive continuous improvement.

    With multi-agent orchestration, Talkdesk CXA moves beyond one-size-fits-all automation. Instead of relying on a single system or bot to handle everything, it deploys a network of specialized AI agents—each with a clear role, shared context, and the ability to collaborate in real time. This makes it possible to automate complex, cross-functional processes that span the front and back offices with precision, speed, and adaptability.

    “With the launch of CXA, Talkdesk is taking a fundamentally different approach,” said Zeus Kerravala, founder of ZK Research. “Rather than simply layering AI onto legacy infrastructure, they have created a platform focused on autonomous, multi-agent orchestration. This innovation allows enterprises to automate complex workflows with precision—an area where traditional solutions often fall short.”

    Talkdesk CXA is also built for speed. With preconfigured use cases, low- and no-code tooling, and both industry-specialized and general-purpose AI agents, organizations can go live fast and start seeing value quickly. Talkdesk CXA supports everything from cross-industry workflows to vertical-specific journeys in healthcare, financial services, retail, utilities, and government. Whether automating a single high-friction workflow or scaling across business units, it accelerates time to value.

    As part of the Talkdesk CXA launch, Talkdesk also introduced a new AI agent for omnichannel campaigns. This agent automates high-volume outbound voice campaigns. Businesses can easily scale appointment reminders, billing alerts, service updates, and other time-sensitive communications without taking up live agents’ time. It’s a powerful way to improve reach, reduce costs, and deliver timely engagement across outbound service and sales use cases.

    “The customer experience bar is higher than ever, and getting it right is no longer a differentiator—it’s essential for survival,” stated Paiva. “Talkdesk CXA represents a monumental leap forward. We’ve gone deeper into problem-solving for specific industries, uncovering unique use cases where traditional solutions failed. Our new CXA platform is not about flimsy automations or bolted-together tools; it’s about intelligent, coordinated, autonomous, and outcome-focused resolution that transforms the entire customer lifecycle.”

    Automating Customer Experience for Enterprises Worldwide

    Talkdesk CXA replaces reactive, human-coordinated workflows with a dynamic network of AI agents, each designed for specific tasks and orchestrated to operate as a single, intelligent system in any industry. Whether it’s a pharmacy callback, fraud alert, or complex insurance claim, CXA executes seamlessly across systems, roles, and channels with a personal touch that customers expect and appreciate.

    More than half of Talkdesk customers are already leveraging CXA capabilities, including BankUnited, Ouro Global, United Rentals, Memorial Healthcare, Michaels, and TEKA.

    “As a health system, we need solutions built specifically for our needs and for the communities we serve, and Talkdesk consistently delivers. Having leveraged their advanced AI tools, we’re particularly excited about the new CXA platform. It’s a monumental leap, with its autonomous, multi-agent AI approach and industry-specific capabilities set to transform how we orchestrate seamless healthcare consumer interactions and critical operational workflows. This is a key differentiator for us,” said Jeffrey Sturman, senior vice president and chief digital information officer at Memorial Healthcare System.

    “Our long-standing partnership with Talkdesk is grounded in a shared drive to innovate and elevate how businesses connect with their customers. That’s why we’re excited about—but not surprised by— their latest announcement. Talkdesk continues to demonstrate its commitment to pushing the boundaries of what’s possible in this space. Their new Customer Experience Automation platform is a bold step forward, and we believe it has the potential to fundamentally change how organizations design and deliver customer journeys,” said Amber Scott, vice president of customer experience at Serta Simmons Bedding.

    “Talkdesk consistently delivers innovation built for the specific needs of our industry. We’ve leveraged their advanced AI to improve banking interactions, and the new CXA platform is truly transformational. Its autonomous, multi-agent AI approach redefines how we deliver intelligent, secure, and outcome-focused service, cementing Talkdesk as a vital partner,” said Jeiner Morales, senior vice president and director of data analytics and business systems at BankUnited.

    “When CAI chose Talkdesk, we went all in. We harnessed everything we felt we needed to hit the ground running and maximize ROI as quickly as possible, including Talkdesk Workforce Management, Customer Experience Analytics, and Talkdesk Copilot—all components of Talkdesk CXA,” said Thomas Grosso, executive director of service desk at CAI.

    Built for Trust and Scale

    Talkdesk has been at the forefront of AI innovation since 2018, putting AI at the core of better customer experiences. Talkdesk CXA is built with inherent AI guardrails to mitigate hallucinations, ensure policy compliance, and provide human-in-the-loop oversight, making AI agents as trustworthy as highly trained human agents.

    A unique differentiator of the platform is the AI Gateway that enables Talkdesk CXA to sit on top of any third-party contact center, whether on-premises or cloud-based. This allows businesses to seamlessly integrate Talkdesk AI-driven solutions, optimizing self-service, agent assistance, quality management, and security to deliver superior customer experiences, without replacing existing systems.

    While powerful on its own, CXA truly shines as part of Talkdesk CX Cloud, which gives businesses every part of the contact center platform—from voice to digital and performance and workforce management—with CXA built inside. Talkdesk is globally recognized as a modern cloud-based contact center, but what sets the company apart is its commitment to AI innovation and how seamlessly it’s woven throughout both the customer and agent journey. CXA now takes this to a whole new level.

    Talkdesk is showcasing Talkdesk Customer Experience Automation at Customer Contact Week (CCW) Las Vegas at Caesar’s Forum in booth 638.

    About Talkdesk

    Talkdesk® is leading a new era in customer experience with Customer Experience Automation (CXA)—a new category and platform designed to automate the full complexity of modern customer journeys. CXA replaces fragmented, human-coordinated workflows with autonomous, multi-agent AI orchestration that delivers intelligent, scalable, and outcome-focused service across the entire CX lifecycle.

    At the core of CXA is the Talkdesk Data Cloud, which turns transcripts, call recordings, case notes, and customer records from across CRMs and systems of record into real-time, actionable knowledge. This enables AI agents to operate with full context, collaborating seamlessly to resolve complex customer problems with speed, precision, and adaptability.

    Talkdesk CXA supports both cross-industry workflows and industry-specialized use cases in sectors like healthcare, financial services, retail, utilities, travel, and government. With prebuilt AI agents, a virtuous automation cycle (Discover, Build, Orchestrate, Measure), and rapid time-to-value, Talkdesk helps enterprises modernize customer experience without the need for a full rip-and-replace.

    Trusted by global brands and recognized for continuous innovation, Talkdesk empowers organizations to grow revenue, reduce costs, and transform service delivery through coordinated, AI-driven automation. Companies that love their customers use Talkdesk.

    Talkdesk is a registered trademark of Talkdesk, Inc. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

    Media Contact:

    Talkdesk Public Relations

    pr@talkdesk.com

    The MIL Network –

  • MIL-OSI Russia: ‘My Pet Is a Family Member’: China’s Booming Pet Economy

    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

    BEIJING, June 11 (Xinhua) — China’s first non-standard gym will soon open in the east Chinese city of Shanghai, where not people but their pets will improve their health!

    In an advertising post published on the official account of the GOGOGYM fitness club on the popular Chinese social media app Xiaohongshu /Rednote/, a video is captured of several dogs exercising on special treadmills.

    According to the fitness club employee, the pets will be provided with exercise machines such as a treadmill, a pool, an underwater treadmill, ground exercise machines, etc., which are not inferior to exercise machines for people.

    Although such gyms for companion animals have long appeared in Russia, they remain a “novelty” in China. The industry is new, but promising.

    A report by US investment bank Goldman Sachs says that in 2024, the number of pets in China will exceed the number of children under four for the first time. It also expects that by 2030, this figure will be twice as high.

    For reference, there were 73.4 million infants and toddlers under the age of four in China in 2021, but that number has declined in recent years due to declining birth rates.

    However, compared with the data from the China Pet Industry White Paper for 2025, Goldman Sachs’ calculations were quite conservative.

    The white paper noted that the number of pets in urban areas in China alone will reach 120 million in 2024, and the consumer market size for pet dogs and cats in Chinese cities and towns will exceed 300 billion yuan (about 41.8 billion US dollars) by the end of 2024, an increase of 7.5 percent year on year.

    The latest data released by China’s Ministry of Housing, Urban-Rural Development showed that China’s urban population was about 930 million in 2023, meaning that on average, one in eight urban residents, regardless of age or gender, had a pet.

    Enterprising entrepreneurs will not miss such a business opportunity, so much so that a trendy term in modern Chinese social media and media has emerged: the pet economy. This sector covers a wide range of products and services, including pet food, healthcare, grooming, insurance, and even luxury goods.

    In ancient China, it was believed that the most important thing for a person is food. This saying also applies to pets. Currently, “pet cafeterias” have opened in major cities in China, including Beijing, Shanghai, Guangzhou, Chongqing, Wuhan, etc.

    According to Chen Ruiqi, an employee at one of the “pet canteens” in Wuhan City, Hubei Province, central China, the canteen sells fresh food and light meals, including dried chicken, lollipops, pizza with cheese and sausage, and even cakes.

    According to a customer surnamed Wang, her cat really liked the duck meat from this cafeteria. “My cat eats everything at every meal. Although the prices of the products here are higher than those of regular food, I don’t have to worry about the quality and safety because I can watch the cooking process,” she explained.

    Each type of fresh food in the canteen is labeled with the recommended age of the pet and the calorie content. There are also “weight loss recipes” for different pets.

    In addition, owners can order a cake for their pet’s birthday in the canteen. Those who wish can organize a corresponding party here.

    In recent years, a new profession has emerged in China – dog sitter, which almost no one had heard of ten years ago. Simply put, these are “pet nannies” who take care of an animal while its owner is away from home. They look after the pet, walk it, feed it strictly according to the veterinarian’s recommendations, play, and also provide comfort.

    Since around 2019, this profession has started to gain more and more popularity, attracting those who enjoy a flexible work schedule. For many, providing pet feeding services at home on weekends or holidays has become an ideal way to earn extra income simply by spending time with cats and dogs.

    In 2023, 25-year-old Bai Xiao, working in the financial sector in the southwestern Chinese city of Chongqing, turned her love of animals into a side hustle. She offered pet-sitting services through online platforms and quickly built a loyal clientele.

    Each session with a pet sitter lasts about 45 minutes. She feeds the pets, cleans up after them, plays with them and documents the entire work process with photos and videos in real time, sending information to the owners.

    The holidays bring a surge in requests for services. During the May Day holiday this year, Bai Xiao worked from 10 a.m. to 8 p.m. every day, with almost no breaks between visits. She earns 60 to 100 yuan (US$8.30 to US$13.90) per session.

    The growth of the pet industry is apparently driven by high demand. As of the end of 2024, the number of pet owners in Chinese cities and towns was nearly 77 million. More than 70 percent of these owners belong to the post-80s and post-90s generations.

    This raises the question: “Why do young people in China love pets so much?” In addition, some experts point out that a pet replaces a child for many.

    According to Chinese psychologist Gao Aihua, due to the fast pace and high intensity of work in modern society, many young people face the problem of emotional isolation. They often feel lonely.

    “Animals help to cope with anxiety and loneliness. They can reduce the level of stress received at work and in society. A wagging tail and a funny gait at the end of a hard day is good therapy,” he said.

    And as Li Junpeng, deputy director of the Institute of Sociology at Central China Normal University, noted, in modern Chinese society, instead of large families, small ones dominate, which emphasize an independent personality. Many single young people or small families consider pets as an “additional” family member.

    “Therefore, pet owners take responsibility for their care and pay for various goods and services based on their warm feelings for their pets,” the sociologist explained.

    He concluded that today, pet-oriented consumption is already “personified” and covers the entire life cycle of pets. “Pets are no longer just “objects for feeding,” but are becoming “family members,” he emphasized.

    For example, services such as cremation, ashes storage, post-mortem care, and funeral services are now widely available. According to Chinese business information platform Tianyancha, more than 1,100 new pet funeral companies have emerged in the past six months alone.

    However, experts also warned that pets would ultimately not replace family and community ties, and that the sector’s development needed to be regulated.

    Xiao Beiying, an associate professor at Huaqiao University, noted that the relationship between people and pets is different from the relationship between people themselves, which is more complex.

    Deputy head of the China Pet Industry Association Yan Jinsheng highlighted issues such as outdated policies and gaps in legislation, stressing the need for positive public discussion and the implementation of relevant policies and regulations to ensure the sustainable and healthy growth of China’s pet economy. -0-

    MIL OSI Russia News –

  • MIL-OSI USA: To Lower Cost of Graduate Education, Rep. Chu, Sen. Padilla Reintroduce POST GRAD Act

    Source: United States House of Representatives – Representative Judy Chu (CA2-27)

    Introduction comes as Congressional Republicans push to make higher education more unaffordable through their Big Ugly Bill

    WASHINGTON, D.C. — Today, Rep. Judy Chu (CA-28) and Sen. Alex Padilla (CA) reintroduced the Protecting Our Students by Terminating Graduate Rates that Add to Debt (POST GRAD) Act, a bill that would once again make graduate students eligible to receive Federal Direct Subsidized Loans. 

    For over a decade, unlike their undergraduate counterparts, graduate students have only been eligible to receive Federal Direct Unsubsidized Loans which accrue interest even while they are still in school. This is because the Budget Control Act of 2011 stripped graduate students of eligibility for the Federal Direct Subsidized Loan. This can cost a student thousands of additional dollars over the life of the loan, particularly as interest rates on graduate loans are now at their highest since 2006. The POST GRAD Act would reverse the provision of the Budget Control Act and restore the eligibility of graduate students to receive Federal Direct Subsidized Loans.

    Many professions like mental health clinicians, school administrators, nurse practitioners, and physical therapists often require a graduate degree, but the high cost of borrowing can dissuade potential students from seeking these advanced degrees or discourage students from entering lower-paying public service jobs after graduation. 

    Instead of addressing this higher education affordability crisis, Congressional Republicans are pushing to make the problem even worse. Recently, House Republicans passed a reconciliation bill that, among other harmful provisions, would eliminate the Grad PLUS loan program, a vital source of federal support for graduate students. Nationally, over 1.6 million student borrowers have Grad PLUS loans, amounting to $91 billion in debt. California has nearly 57,000 Grad PLUS borrowers, according to the National Association of Independent Colleges and Universities.

    “Many of the most rewarding and in-demand jobs in the U.S. require advanced degrees, but do not always come with high earning potential. A lifetime of debt should never be the cost for obtaining a graduate degree,” said Rep. Chu. “At a time when our country is facing a shortage of specialized workers in critical fields, we should be doing everything we can to encourage students to enter these fields, rather than creating additional barriers to higher education. Democrats in Congress are committed to lowering costs and reducing debt, and that’s why I’m proud to be joined by Senator Padilla in introducing the POST GRAD Act as one important step in making higher education more attainable to everyone in America.”

    “Graduate students help fuel our economy, filling workforce shortages in critical sectors like health care, education, and STEM that often require advanced degrees. Yet, too many talented students in California and nationally cannot afford to pursue advanced degrees due to the rising cost of higher education,” said Senator Padilla. “As Republicans threaten to slash the Grad PLUS program entirely, we are taking a stand to make graduate school more affordable by reinstating subsidized federal student loans for graduate students so they don’t accrue interest while they are in school. We did this for decades, and now is the time to support our 21st century graduate workforce and expand educational opportunities for low-income communities.”

    “The cost of graduate education often serves as a barrier to pursuing advanced degrees, including in psychology, where shortages of qualified, culturally competent providers persist. By reinstating subsidized federal student loans for graduate students, the POST GRAD Act would relieve a portion of the financial burden associated with financing a graduate degree. APA applauds Congresswoman Chu and Senator Padilla for their leadership on this important legislation, which would make graduate study more affordable and help build a workforce ready to meet the growing needs of our population,” said Arthur C. Evans Jr., PhD, CEO of the American Psychological Association.

    The bill is endorsed by: American Psychological Association, National Association of School Psychologists, National Education Association, AccessLex, Association of Public and Land-grant Universities, National Association of Student Financial Aid Administrators, American Physical Therapy Association, American Association of Veterinary Medical Colleges, American Occupational Therapy Association, Association of Schools Advancing Health Professions, Association of Schools and Colleges of Optometry, Physician Assistant Education Association, American Association of Colleges of Osteopathic Medicine, Council on Social Work Education, American Dental Education Association, American Association of Colleges of Nursing, American Association of the Colleges of Podiatric Medicine, University of California System.

    Click HERE for bill text

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Chu Urges FEMA to Conduct Soil Testing and Remediation in LA Fire Burn Zones

    Source: United States House of Representatives – Representative Judy Chu (CA2-27)

    WASHINGTON, DC – Today, Congresswoman Judy Chu (CA-28) led 27 California Delegation Members in a letter sent to the Federal Emergency Management Agency (FEMA) urging the agency to conduct comprehensive soil testing and establish a remediation program for properties impacted by the devastating Eaton and Palisades Fires in Los Angeles County.

    Recent testing by the Los Angeles County Department of Public Health, and independent testing by the The Los Angeles Times, revealed alarmingly high levels of lead and other toxic metals in properties cleared through federal debris removal operations. According to the findings, 27% of soil samples from the Eaton Fire burn area exceeded California’s residential lead standards — a number that rose to 44% in unscraped areas. Independent investigations by the Los Angeles Times corroborated these findings, with some sites showing lead levels more than three times the state benchmark. Nearly 16,000 structures were destroyed in the two fires combined.

    The Members wrote, “Thousands of homeowners, particularly in Altadena where nearly 96% of homes destroyed by the fire pre-dated the 1978 ban on lead paint, now face the difficult choice of incurring the significant personal expense of soil testing and remediation, or living with the potential threat of long-term exposure to hazardous substances. As experts have stressed, lead exposure, especially for children, can cause irreversible cognitive, developmental, and behavioral damage.”

    In the letter, the Members call on FEMA to:

    1. Provide federal funding to offer comprehensive soil testing, on a voluntary, opt-in basis, to property owners whose properties were destroyed or impacted in the Eaton and Palisades Fire.
    2. Establish a process to remediate properties that exceed California’s safety thresholds for lead and other toxins, including redeploying cleanup crews to perform soil bioremediation or further soil removal as needed.
    3. Work with federal and state health agencies to provide clear guidance to homeowners and builders regarding safe rebuilding practices, soil management, and personal protective measures on properties with marginal contamination levels.

    The Members concluded, “Without these steps, disaster survivors are being left with an undue financial burden and potential health risks. We appreciate FEMA’s longstanding commitment to disaster recovery and urge you to act swiftly to ensure that the residents of Altadena, the Pacific Palisades, and surrounding communities can safely rebuild their homes and lives with confidence that their properties are free of toxic contamination.”

    California Delegation signers include Representatives Brad Sherman (CA-32), Robert Garcia (CA-42), Raul Ruiz, M.D. (CA-25), Lateefah Simon (CA-12), Ted W. Lieu (CA-36), John Garamendi (CA-08), Nanette Diaz Barragán (CA-44), Sara Jacobs (CA-51), Jimmy Panetta (CA-19), Derek T. Tran (CA-45), Kevin Mullin (CA-15), Dave Min (CA-47), George Whitesides (CA-27), Norma J. Torres (CA-35), Luz M. Rivas (CA-29), Ami Bera (CA-06), Laura Friedman (CA-30), Scott H. Peters (CA-50), Mike Levin (CA-49), Mike Thompson (CA-04), Gil Cisneros (CA-31), Salud Carbajal (CA-24), Pete Aguilar (CA-33), Julia Brownley (CA-26), Sydney Kamlager-Dove (CA-37), Eric Swalwell (CA-14), Ro Khanna (CA-17). 

    Rep. Chu’s full letter to FEMA can be found here.

    On May 19, the Los Angeles County Department of Public Health launched a new, county-funded soil testing program in response to these alarming findings. “I commend the County for stepping up to protect public health by offering free soil testing to residents within and downwind of the Eaton Fire burn area. This program is a critical first step, but we need FEMA’s full partnership to ensure all affected homeowners—including the thousands whose homes were destroyed in the fires—have access to testing as well as remediation,” said Rep. Chu.

    For more information about soil contaminants and testing conducted by Los Angeles County, please visit http://publichealth.lacounty.gov/media/eaton-soil-testing/ 

    MIL OSI USA News –

  • MIL-OSI: Maxim Group LLC Hires Andrew Brown as Head of Prime Brokerage Services

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) — Maxim Group LLC, a leading full-service investment banking, securities, and wealth management firm, is pleased to announce the addition of Andrew Brown as Head of Prime Brokerage Services. This strategic hire adds decades of fintech experience to accelerate the growth of Maxim’s prime brokerage platform.

    Andrew Brown brings nearly 20 years of experience in financial markets, including over 15 years specializing in prime brokerage services at firms such as Merlin Securities, Wells Fargo Prime Services, and Cantor Fitzgerald LLC. Throughout his career, Mr. Brown has built deep, trusted relationships with hedge funds, family offices, and emerging asset managers. His ability to align innovative technology with tailored client service has earned him a reputation as a key partner to sophisticated investors navigating an increasingly complex marketplace.

    “Andrew’s expertise and client-first mindset make him an ideal fit for our organization,” said Chris Fiore, President of Maxim Group. “He brings a strong track record of delivering customized solutions to hedge funds and family offices, and his leadership will be instrumental as we enhance our prime brokerage platform.”

    About Maxim Group LLC
    Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The independent and employee-owned firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services. Maxim Group LLC is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) and is a member of FINRA, SIPC, and NASDAQ. To learn more about Maxim Group LLC, visit maximgrp.com.

    The MIL Network –

  • MIL-OSI Analysis: Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course

    Source: The Conversation – Global Perspectives – By Misheck Mutize, Post Doctoral Researcher, Graduate School of Business (GSB), University of Cape Town

    The governments of Ghana and Zambia recently took a decision that could have serious consequences for other African countries. The decision relates to arrangements on how the two countries will repay the debt they owe to Africa Export-Import Bank (Afreximbank).

    They have both taken decisions to relegate Afreximbank to a commercial lender from a preferred creditor. This means that the terms on which Afreximbank has lent money to these two countries will change. And it will lose certain protections. For example preferred creditors are repaid first, before any other lenders.

    This protects preferred creditors’ balance sheets and enables them to continue lending during crisis periods when others cannot. In contrast, commercial banks get paid later or might not get paid at all. This higher risk factor means that they charge higher rates.

    Based on decades of researching Africa’s capital markets and the institutions that govern them it’s my view that the long-term consequences of this precedent are detrimental. If other African borrowers follow suit, treating loans from African multilateral development banks as ordinary commercial debt during restructuring, it will erode the viability of these institutions. Investors who fund Afreximbank through bonds and capital markets may reassess its risk profile, pushing up its cost of funding and making future lending less affordable.

    The ultimate losers will be African countries themselves, especially those with limited access to international capital. Afreximbank, along with other African financial institutions, is a lifeline for trade finance, infrastructure development, and crisis response. Undermining its legal protections weakens the continent’s capacity for self-reliant development.

    Afreximbank was created under the auspices of the African Development Bank (AfDB) in 1993. It was set up with a public interest mandate to develop African trade and promote integration. Its legal status and structural features place it closer to international multilateral development banks than to private creditors, justifying its treatment as a preferred creditor.

    The decision by Accra and Lusaka signals lack of confidence in African financial institutions. It suggests that they do not trust them to the same extent as global institutions like the International Monetary Fund and World Bank. These are treated as preferred creditors, on the assumption that they will lend to countries in crisis or distress when commercial lenders retreat.

    The actions of Ghana and Zambia set a dangerous precedent by sidelining African financial institutions in favour of external creditors. That risks weakening Africa’s financial institutions and undermining the very concept of African solutions to African problems. Investors will become more sceptical and pessimistic, demanding more interest.

    The continent needs to develop an ability to independently design, finance and implement its economic development policies without support from external financial institutions. Afreximbank helps to achieve this through financing African-designed infrastructure and counter-cyclical lending.

    Ghana and Zambia still have an opportunity to correct course. In my view they should do so for the sake of the bank, its member states and the future of African economic sovereignty.

    The background

    Ghana and Zambia have both defaulted on their external bonds in the last four years. Zambia in October 2020 and Ghana in December 2022. This forced them to negotiate new sustainable terms with creditors.

    During their respective debt negotiations, both countries have announced that they would include African multilateral development banks such as Afreximbank and the Trade and Development Bank in the debt restructuring.

    This followed private and bilateral creditors contesting unequal distribution of restructuring burdens, where they face losses while some multilateral institutions are shielded. The International Monetary Fund and World Bank, which are preferred creditors, do not fund infrastructure, they only offer balance of payments support.

    The decision by Ghana and Zambia to relegate Afreximbank was made during an ongoing comprehensive debt restructuring. Ghana and Zambia have been negotiating with creditors for over a year in an attempt to resolve their sovereign debt crises.

    The two countries were complying with International Monetary Fund supported restructuring terms. Bilateral creditors were also demanding fair burden sharing with African multilateral banks.

    Afreximbank: not just another lender

    Ghana and Zambia don’t have a legal leg to stand on.

    Afreximbank’s preferred creditor status is not an informal privilege but derives from Article VX(1) of its founding agreement. The agreement has been signed and ratified by member states into national laws, including Ghana and Zambia.

    This status is further reinforced by the bank’s diplomatic immunities and privileges and its ability to operate across African jurisdictions under protected legal frameworks. The role of Afreximbank, therefore, goes beyond that of a traditional commercial bank.

    Preferred creditor status protects development finance institutions in a number of ways. The biggest protection is that lenders are prioritised for repayment. This protects their balance sheets, enabling them to continue lending when others cannot.

    A preferred creditor status is accorded for a reason. It is to ensure that development finance institutions can lend in times of distress with confidence, on the guarantee that they will be repaid ahead of other creditors. Country actions that violate this principle disrupt the implicit covenant that enables counter-cyclical financing. This is breaking the financial lifeline that countries might need when nobody else is willing to help them. This is precisely the kind of support that Ghana and Zambia relied on during their respective debt crises in December 2022 and October 2020, respectively.

    A bank that has consistently stepped up

    It is worth recalling that during the COVID-19 pandemic (2019–2021) and again when global markets closed access to Eurobond issuances for African countries, investors didn’t want to lend African countries for fear of defaulting. Afreximbank was one of the few institutions that continued to lend to African sovereigns. This included US$750 million to Ghana and US$45 million to Zambia.

    When Ghana, Zambia and other commodity export-dependent countries faced acute foreign currency shortages and tightening global liquidity caused by the 2015/16 commodity crisis of low prices, Afreximbank did not hesitate to deploy resources.

    Zambia has also benefited significantly from Afreximbank’s trade and development finance in energy, agriculture and healthcare. These are areas that many commercial banks view as too risky or low-margin.

    For Zambia and Ghana to classify Afreximbank in the same category as hedge funds, bondholders or purely commercial lenders, is ahistorical and unwarranted.

    Restructuring loans from Afreximbank risks inadvertently raising the cost of capital for African countries. If Afreximbank can no longer be shielded under preferred creditor status norms, it may be forced to adopt more conservative lending practices, charge higher risk premiums or retreat from high-risk markets altogether.

    The knock-on effect is reduced access to affordable, timely financing for countries that need it most.

    Afreximbank has rejected the idea that its loans ought to be restructured.

    Ghana and Zambia should correct course

    Ghana and Zambia still have an opportunity to correct course. They can reaffirm Afreximbank’s preferred creditor status, exclude it from restructuring tables meant for commercial creditors, and honour their legal commitments.

    In doing so, they would not only preserve their reputations as reliable debtors but also strengthen the broader fabric of African financial solidarity.

    African countries must be cognisant that no one else will build their institutions for them. If they do not defend and respect them, they cannot expect the rest of the world to do so. The credibility, sustainability and legitimacy of Africa’s financial independence depends, in large part, on how they treat the institutions they have built.

    The decision to treat Afreximbank and the Trade and Development Bank like commercial lenders is short-sighted and self-defeating. It must be reversed.

    Misheck Mutize 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. Ghana and Zambia have snubbed Africa’s leading development bank: why they should change course – https://theconversation.com/ghana-and-zambia-have-snubbed-africas-leading-development-bank-why-they-should-change-course-258467

    MIL OSI Analysis –

  • MIL-OSI Africa: SIU freeze immovable property in the Zandrivierspoort farm

    Source: South Africa News Agency

    The Special Investigating Unit (SIU) has secured a preservation order from the Special Tribunal to freeze the immovable property at Portion 15 of the Farm Zandrivierspoort in Limpopo. 

    “This action is part of an investigation into the misappropriation of funds from the National Lotteries Commission (NLC), which were intended for the construction of old age homes,” the Special Investigating Unit said in a statement.

    The SIU’s probe into NLC-funded projects uncovered a sophisticated scheme involving the hijacking of legitimate non-profit organisations (NPOs), falsified grant applications, and the diversion of funds to private entities and individuals. 

    The investigation focused on three NPOs, Matieni Community Centre, Lethabong Old Age Home and War Against Rape and Abuse (WAR RNA), which together received more than R66 million under false pretences.

    “The SIU’s investigation revealed that Matieni Community Centre, a defunct NPO, was fraudulently revived to apply for NLC funding. 

    “The original members were unaware of the application and the individuals listed on the NLC application were not legitimate members,” the SIU said.

    Lethabong Old Age Home and WAR RNA similarly had their identities misused, with falsified documents and unauthorised individuals submitting applications. Matieni received R23 million from the NLC, of which:

    • R5.975 million was transferred to the Mbidzo Development Programme, which was linked to Collin Tshisimba, who has been fingered in other NLC investigations.
    • R6.2 million was paid to Wa Rothe Construction, and Lethabong received R20 million, with R15 million diverted to Mbidzo’s bank account.
    • WAR RNA received R20 million, with R5 million transferred to Mbidzo.

    Mbidzo, controlled by Tshisimba, channelled funds to attorneys for the purchase of the Louis Trichardt Farm, Limpopo, registered under Promise Kharivhe,  Tshisimba’s life partner.

    The order of the Special Tribunal is part of implementing SIU investigation outcomes and consequence management to recover financial losses suffered by State institutions because of corruption or negligence. 

    The order forms part of a broader investigation into corruption involving NLC grants intended for community development projects.

    The SIU is empowered to institute a civil action in the High Court or a Special Tribunal to correct any wrongdoing uncovered during investigations caused by corruption, fraud, or maladministration.

    In line with the Special Investigating Units and Special Tribunals Act 74 of 1996, the SIU refers any evidence pointing to criminal conduct it uncovers to the National Prosecuting Authority (NPA) for further action. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Leicester stays on global ‘A list’ for leadership on climate action

    Source: City of Leicester

    LEICESTER has been named as a global leader on climate action, achieving a top score on CDP’s ‘Cities A List’ for the sixth year running.

    It means Leicester’s bold leadership, ambition and transparency on environmental action in its response to the climate emergency highlights the city as one of only 112 cities worldwide to receive an A rating from environmental impact charity CDP.

    This year, over 970 cities around the world were rated for their climate action by CDP, with Leicester among the 15 per cent to receive the top A rating.

    Just 48 European cities are on this year’s ‘Cities A List’.

    In achieving its A rating, Leicester was able to demonstrate that it has a city-wide emissions inventory, has set an emissions reduction target and published a climate action plan, and has completed a climate adaptation plan to demonstrate how it will tackle climate hazards, among other actions.

    Hanah Paik, CDP Global Director for Cities, States and Regions, said: “The cities, states and regions on CDP’s 2024 A List are setting the global benchmark for environmental leadership. Through robust disclosure and decisive action, they are ensuring that essential data is surfaced for informed decision-making across governments, markets and communities – and for unlocking access to the climate finance needed for implementation. They are not only accelerating their own progress but also charting a path for others to follow.”

    Assistant city mayor Cllr Geoff Whittle, who leads on environment and transport, said: “We’re very proud that Leicester has been recognised by CDP for its work on climate action with a place on its A List for the sixth year in a row.

    “As a council, we remain committed to reducing our own emissions and to support local people, schools and business to make the changes needed to help reduce the city’s overall carbon footprint.

    “Being on the CDP’s global A List provides an important acknowledgement of the action we are taking to ensure that Leicester is a climate ready city.”.

    When the council declared a climate emergency in Leicester in 2019, there was no doubt about the challenge involved in responding to this as a city.

    “We’ve achieved a great deal since then and our ambitious Climate Ready Leicester Plan aims to build on that momentum with a focus on putting people first in the way we promote and support change towards net zero.”

    The new Climate Ready Leicester Plan can be viewed in full at  www.leicester.gov.uk/ClimateEmergency

    A new climate ready action guide for residents, that includes more than 50 actions that people can take to help reduce their carbon impact at home and in their daily lives, is also available to download.

    Residents can also explore how they can make their homes more energy efficient, save money and reduce their carbon footprint by using the new Homewise digital advice tool, developed by Energy Saving Trust.

     This free online service helps homeowners identify energy efficiency improvements they could make to their homes. By completing a simple online survey, people can get a personalised action plan tailored to their needs and budget. They’ll also receive a breakdown of the cost for any improvements and potential savings.

    To find out more about Homewise, and to register for free tailored energy advice for your home, visit leicestercitycouncil.homewise.energy

    MIL OSI United Kingdom –

  • MIL-OSI USA: VIDEO: Pappas Pays Tribute to the Life and Legacy of Community and Business Leader Hope Makris

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    Yesterday Congressman Chris Pappas (NH-01) spoke on the House floor to honor the life and legacy of Hope Salta Makris of Laconia, who passed away on May 29, 2025. For more than 80 years, Hope built and operated the NASWA Resort in Laconia and was dedicated to giving back to her community and improving the lives of those in the Lakes Region and beyond. 

    In addition to running a landmark Lake Winnipesaukee destination and providing world-class hospitality to her guests, Hope was committed to championing causes important to her. She was a dedicated supporter of New Hampshire’s veterans and gave back to her state and community through a number of charitable organizations and volunteer efforts. 

    Read his full remarks below or watch the video here.
    Thank you, Mr. Speaker.

    I rise today to honor the life and memory of Hope Salta Makris, a pioneering businesswoman and community leader from Laconia.

    The matriarch of the NASWA Resort, Hope helped run one of the Lakes Region’s most iconic establishments for more than 80 years as it grew from a few cabins to one of the region’s major resorts.

    Countless visitors experienced her hospitality and generosity firsthand over the years, and they likely tried some of her signature baked goods. Along with her late husband, Peter, Hope made her mark on the community by supporting veterans, helping the Fire Department acquire new equipment, and being a leader in New Hampshire’s tourist economy.

    New Hampshire owes Hope and the entire Makris family a debt of gratitude for the ways they have bettered our communities, particularly in the Lakes Region.

    Hope leaves a profound legacy after a century of life and hard work, and I know others will continue to be inspired by her dedication and compassion to all those around her. 

    I yield back. 

    MIL OSI USA News –

  • MIL-OSI USA: House Passes Pappas-Backed Legislation to Ensure Equal Access to Small Business Resources

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    Last night, the House passed the ThinkDIFFERENTLY About Disability Employment Act, bipartisan legislation co-led by Congressman Chris Pappas (NH-01), which would require the Small Business Administration (SBA) and the National Council on Disability to collaborate to help people with disabilities pursue small business ownership and employment opportunities.

    “Entrepreneurs and small businesses face a range of unique challenges, and we know a one-size-fits-all approach by government agencies to provide support they need is simply ineffective,” said Congressman Pappas. “I’m glad the House passed bipartisan legislation I helped introduce to require the SBA to provide individuals with disabilities equal access to pursue small business ownership and employment opportunities. I remain committed to ensuring our Main Street economy can grow and thrive, and I urge the Senate to swiftly take up this bill to deliver to improve support for our small businesses and entrepreneurs.”

    Background:

    The ThinkDIFFERENTLY About Disability Employment Act would require SBA and the National Council on Disability to collaborate to help people with disabilities pursue small business ownership and employment opportunities.

    Last summer, the ThinkDIFFERENTLY About Disability Employment Act passed the House with bipartisan support. 

    The ThinkDIFFERENTLY About Disability Employment Act is supported by the Commission for Disability Employment.

    MIL OSI USA News –

  • MIL-OSI USA: VIDEO: On House Floor, Pappas Highlights Voices of Granite Staters Impacted by GOP SNAP Cuts

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    On Thursday Congressman Chris Pappas (NH-01) spoke on the House floor to highlight the disastrous impacts of cuts to the Supplemental Nutrition Assistance Program (SNAP) passed under the Republican budget scheme last month. Watch the full video here.

    Pappas shared a number of the stories from Granite Staters who rely on programs like SNAP and promised to continue to fight against these and other reckless cuts to vital services that Republicans have proposed in order to finance tax breaks for the ultra-wealthy. 

    Read his full remarks below or watch the video here.

    Thank you, Mr. Speaker.

    I rise today because the Republicans’ budget scheme, pushed through in the middle of the night last month, is putting school meals for hungry kids and food assistance for working families at risk. 

    A constituent of mine, Martha from Somersworth, is raising her 15-year-old grandson and battling breast cancer while living on a fixed income.

    Without SNAP, she wouldn’t be able to keep food on the table. 

    Another constituent, Catherine, is a veteran from Manchester who has type 2 diabetes. 

    She wouldn’t be able to afford the diet she needs to keep herself healthy without SNAP, and fears losing her benefits could put her life at risk if she’s unable to manage her blood sugar. 

    And people across my district, from Newmarket to Gilford, tell me they wouldn’t be able to afford groceries without some help. 

    It’s a betrayal of working families for Republicans to take away food so they can give tax breaks to billionaires. 

    We must continue speaking out against these cuts and doing everything we can to stop a reckless, cruel budget from moving forward. 

    I yield back.

     

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: [VIDEO] Rep. Omar Condemns Trump’s Travel Ban

    Source: United States House of Representatives – Representative Ilhan Omar (DFL-MN)

    WASHINGTON – Today, Rep. Ilhan Omar (D-MN) joined a press conference in front of the United States Capitol Building to condemn President Donald Trump’s travel ban and to reintroduce the NO BAN Act.

    The Congresswoman emphasized how disastrous Trump’s racist travel ban will be. It will keep families separated and endanger lives.

    Rep. Omar also joined her colleagues in reintroducing the NO BAN Act to prevent future presidents from holding the authority to suspend or restrict any group of immigrants from entering the United States by prohibiting religious discrimination from immigration-based decisions.

    The full video can be found here.

    Full transcript below:

    “Make no mistake: This discriminatory policy is shameful and as history looks back at this moment, it will be a stain on our country. 

    “Donald Trump’s proclamation is riddled with outright falsehoods, relies on debunked statistics, and is rife with internal contradictions. 

    “He claims this is a way to make us safer, let me be absolutely clear: it won’t make us safer, it will separate families and endanger lives. 

    “Because of this decision, our country will lose out on incredible contributions that people from these countries would’ve otherwise made to our neighborhoods and our society. 

    “Contributions like becoming educators, doctors, and public servants. 

    “This decision will not only hurt our country, it will have immediate disastrous implications. 

    “For some Americans, it will mean their fiancés, or spouses or children will be banned from reuniting with them here. 

    “It will mean family members will have to miss weddings and graduations and funerals. 

    “Just as they did in their first term, with their repeated efforts to ban Muslims from coming to the United States, the Trump Administration is using national security justifications to prevent people they deem undesirable from entering the United States. 

    “That means Muslims again, and it also means Black people.

    “In his first term, Trump famously mused about why we didn’t have more Norwegians immigrants and fewer from what he called “shithole countries.” 

    “Now, he’s banning people from 19 Black and brown countries based solely on their nationality and resettling White South Africans. 

    “The racism is not exactly subtle.

    “All 19 of the nationalities we are now banning have produced Americans that have displayed more patriotism and loyalty and contributed more to this country than Donald Trump and Stephen Miller could ever dream of.

    “From the time I arrived in this country as a refugee with my family, I have never lost sight of the extraordinary generosity and hospitality of the United States that allowed us to begin our lives again here, and eventually led me to the United States House of Representatives.

    “But I have also always known that the United States did not let us live here purely out of the expansive goodness of its heart. 

    “We contribute to the economy, we contribute to the political and social life of this country, we join the military, we defend the freedoms enshrined in our founding documents with the passion that comes from having lived a life where those freedoms were not guaranteed.

    “It is, and has always been, mutually beneficial, and we have always taken our part in that seriously. 

    “The United States has never been a white nationalist country, and no matter how much Donald Trump and Stephen Miller try, it never will be. 

    “This will be remembered, along with so much else they are trying now, as a shameful betrayal of the exact qualities that make America great.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Davids, 100 Members of Congress Demand Restoration of Title X Funding Following Extreme Attacks on Family Planning

    Source: United States House of Representatives – Congresswoman Sharice Davids (KS-3)

    Last week, ahead of the 60th anniversary of the landmark Griswold v. Connecticut decision affirming the constitutional right to contraception, U.S. Representatives Sharice Davids (KS-03), Josh Gottheimer (NJ-05), Judy Chu (CA-27), and Lizzie Fletcher (TX-07) demanded the Secretary of Health and Human Services Robert F. Kennedy, Jr. to immediately restore funding for the Title X Family Planning Program. 

    Title X is the only federal program solely dedicated to family planning. Despite Congressional approval, the Trump Administration is withholding funding from 16 grantees across 23 states under vague investigations into “possible violations.” Grantees have received no updates or timeline, forcing health centers to slash staff, reduce services, and in some cases close entirely.

    This funding freeze is a part of the Trump Administration’s larger attacks on reproductive freedom, including rescinding Biden-era guidance for emergency abortions this week. Title X is essential for preventing unwanted pregnancies and ensuring access to care for all.

    “We must not turn a blind eye to the broader mounting threats to our reproductive freedoms. Both contraception and abortion are essential health care services and part of a full range of sexual and reproductive health care that allow every American the freedom to make decisions about our own bodies and their own futures. The overturning of Roe v. Wade dealt a direct blow to people’s privacy rights, access to health care, including imperiling access to contraception. In a world where access to abortion is severely limited or not accessible at all, it is even more important for people who want to prevent pregnancy to be able to affordably and easily access it from trusted family planning providers of their choice,” the Members wrote in a letter to Secretary of Health and Human Services Robert Kennedy, Jr. 

    The Members continued, “That is why Title X is so important. Title X has historically received broad bipartisan support and has been funded by Congress every year since 1970 because we recognize what Griswold holds true: that all individuals should have the freedom to make decisions about their own bodies and lives.”

    “60 years ago the right to birth control was established in Griswold v Connecticut, but today the attacks to take away our reproductive rights are relentless. President Trump’s decision to withhold Title X funding shows he’s so determined to shutter Planned Parenthood health centers that he’s willing to harm millions of people and deny many their only source of health care to do it. In the more than 50 years since this bipartisan, popular program has been in effect, Title X funding has played a critical role in allowing patients to access vital services and has helped Planned Parenthood health centers provide critical care like birth control, cancer screenings, and STI testing and treatment. This, along with Trump and Congressional Republicans’ efforts to ‘defund’ Planned Parenthood, reveals a dangerous and unacceptable agenda that will leave millions at risk of losing health care and nearly 200 health centers at risk of closing. This funding must be released so that patients can get the life-saving and affordable care they need,” said Alexis McGill Johnson, President and CEO of Planned Parenthood Action Fund.

    “Withholding Title X funds from trusted providers — without transparency or resolution — is not just unjustified; it’s a direct threat to essential health care for millions,” said Clare Coleman, President & CEO of the National Family Planning & Reproductive Health Association. “More than 60 days after this reckless and unlawful HHS action affecting Title X-funded care in 23 states, we are seeing health center closures, staff layoffs, and reduced services — all of which will lead directly to worsening health outcomes. While the right to contraception guaranteed to Americans under Griswold has never been more precarious, the facts stand: everyone deserves the freedom to make their own choices about their lives and health, without political interference.”

    Full text of the letter sent to Secretary Robert Kennedy Jr. can be found here and below:

    Dear Secretary Kennedy, 

    On the 60th anniversary of the U.S. Supreme Court’s landmark ruling in Griswold v. Connecticut, we write to express our unwavering support for the Title X Family Planning Program (Title X), the only domestic federally-funded program dedicated to family planning. For 60 years, the constitutional right to contraception has been protected by Griswold v. Connecticut, empowering millions with the ability to make their own reproductive health care decisions. However, due to the actions of this Administration, reproductive freedom is under threat. The Administration’s decision to withhold millions in funding for Title X means low income individuals have lost access to contraceptive services and supplies. On this landmark anniversary of Griswold, it is extremely important to protect Title X and reiterate why it has and should continue to serve as the cornerstone of safety-net care for millions of people.

    Title X provides access to contraception to help people avoid pregnancies they do not want, and to plan and space pregnancies they do want, decreasing the risk of complications.  This is even more critical for patients who face financial barriers to health care. Title X plays an instrumental role in ensuring patients get the care they need and want without cost being a barrier. In 2023, 83% of clients served by Title X-funded clinics had family incomes at or below 250% of the federal poverty level, with 60% qualifying for free services because they had incomes at or below 100% of the federal poverty level ($30,000 for a family of four). Among all Title X clients, 27% were uninsured, while 67% of users with some form of health insurance had public insurance coverage.  It is no wonder that 60% of women who receive reproductive health care services from Title X providers say it is the only form of health care they receive in a year. The Title X program supports a network of approximately 4,000 clinics across the country.  Without Title X funding, many of these clinics could shutter, ripping access to contraception away from millions.

    As we reflect on the significance of Griswold, we must not turn a blind eye to the broader mounting threats to our reproductive freedoms. Both contraception and abortion are essential health care services and part of a full range of sexual and reproductive health care that allow every American the freedom to make decisions about our own bodies and their own futures. The overturning of Roe v. Wade dealt a direct blow to people’s privacy rights, access to health care, including imperiling access to contraception. In a world where access to abortion is severely limited or not accessible at all, it is even more important for people who want to prevent pregnancy to be able to affordably and easily access it from trusted family planning providers of their choice That is why Title X is so important. Title X has historically received broad bipartisan support and has been funded by Congress every year since 1970 because we recognize what Griswold holds true: that all individuals should have the freedom to make decisions about their own bodies and lives.

    On March 31, 2025, your Department notified 16 Title X grantees — representing networks of health care providers in 23 states — that their funding was being withheld until an investigation over ‘possible violations’ of grant terms and conditions, specifically federal civil rights laws and executive orders, could be undertaken.  More than two months later, these grantees remain without funding and have received no communication from the Administration regarding the status of the investigations, the expected timeline, or the future of their funding. In that time, several of these entities have been forced to furlough or layoff staff, limit available services or charge for services that were previously available to low-income individuals at low or no cost, and shutter health centers. Congress has already appropriated these funds, and the Administration has a responsibility to distribute them without undue delay or obstruction, ensuring that critical care is not disrupted for millions of people who rely on Title X services.

    We urge you to restore all appropriated funding for Title X providers and work with Congress to ensure that all people have access to the comprehensive contraception services they seek.

    Sincerely,

    MEMBERS OF CONGRESS

    MIL OSI USA News –

  • MIL-OSI: As Bitcoin price breaks through $110,000, PBK Miner leads 8 million users into the era of automated cloud mining

    Source: GlobeNewswire (MIL-OSI)

    Carshalton, UK, June 11, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin (BTC) surges to over $110,000, cryptocurrency enthusiasts are increasingly interested in ways to securely and passively earn real BTC. To this end, PBK Miner has expanded its automated cloud mining platform to cover more than 183+ countries to ensure that cryptocurrency rewards are more reliable and convenient to obtain.

    According to Statista, revenue from cloud infrastructure and cloud operations is expected to grow by $60 billion by 2025, highlighting the growing momentum of cloud mining and passive income models. This interest is consistent with the proof-of-work (POW) blockchain model, in which miners play a key role in validating transactions and maintaining blockchain records. In return, the ecosystem rewards miners with BTC.

    “The rewards of cryptocurrency mining are not free, it’s just passive. Each user needs to invest in order to gain them. For some, this requires money and time, but with PBK Miner, you can start mining with just one click on your mobile device. Our goal is to ensure that everyone can earn Bitcoin passively and seamlessly.” said the COO of PBK Miner.

    Traditional mining requires a lot of upfront investment, as users need to purchase high-performance and expensive hardware to participate. This sets a high barrier to entry for ordinary users. To solve this problem, we introduced the cloud mining model – enabling users to access computing power remotely without having to maintain physical equipment.

    While many projects offer Bitcoin computing power rental, many platforms require users to have advanced knowledge of blockchain and mining difficulty settings. As a result, although users participate in mining every day, they often have difficulty maximizing their benefits. This is where PBK Miner comes in. Trusted by more than 8 million users in 183+ countries, PBK Miner sets the industry benchmark for automated and highly convenient cloud mining operations, allowing users to passively earn Bitcoin, Dogecoin, Litecoin, and Ripple. As technology continues to develop, PBK Miner continues to break through the challenges of cloud mining, such as ongoing maintenance costs, high energy consumption, and complex setup requirements.

    Key Highlights: Why you should try cloud mining now?

    – Cloud operating revenue is expected to reach $60 billion, including Bitcoin mining through the cloud

    – As Bitcoin breaks through $120,000, the price is likely to continue to rise, bringing immediate and long-term value to miners

    – Automated processes eliminate mining difficulty, thereby maximizing profits

    PBK Miner Advantages:

    ?Sign Up: Sign up now and get a $10 welcome bonus, plus a $0.60 daily login bonus.

    ?High profit levels and daily payouts.

    ?No additional service fees or management fees.

    ?The platform uses more than 9 cryptocurrencies for settlement, such as BTC, ETH, SOL, USDC, USDT, XRP, DOGE, LTC, BCH, etc.

    ?The company’s affiliate program allows you to refer your friends and get up to $30,000 in referral bonuses.

    ? McAfee® security protection. Cloudflare® security protection. 100% uptime guarantee and excellent 24/7 live technical support.

    How PBK Miner Can Be a Passive Income Opportunity.

    Step 1: Register an Account

    In this example, we chose PBK Miner as our cloud mining provider. Create a new account by going to the provider of your choice and registering. PBK Miner offers a simple registration process where you only need to enter your email address and create an account to participate. After registration, users can start mining Bitcoin and other cryptocurrencies immediately.

    Step 2: Purchase a Mining Contract

    Currently, PBK Miner also offers a variety of mining contract options, such as $100, $500, and $1,000 contracts, each with a unique ROI and specific contract period.

    For example, the following contract pays interest daily:

    Contract Amount Days Profits Incom Principal + Total Return
    10 1 6% $0.6 $10+$0.6
    100 2 3.5% $3.5 $100+$7
    500 5 1.27% $6.35 $500+$31.75
    1000 10 1.35% $13.5 $1000+$135
    5000 30 1.55% $77.5 $5000+$2325

    (Different contracts have different computing power, different investment amounts, different terms, and different returns. For more contracts, please visit the PBK Miner official website or click on the contract details to view)

    Participate in the above contracts and you can get more passive income:

    You can get income the next day after purchasing the contract. When the income reaches $100, you can choose to withdraw to your wallet or continue to purchase other contracts.

    Affiliate Program

    PBK Miner now also offers an affiliate program where you can earn money by recommending the site to others. You can start earning money even without investing money. After inviting a certain number of active referrals, you will receive a one-time fixed bonus of up to $30,000. With an unlimited number of referrals, your earning potential is unlimited!

    In short

    If you are looking for ways to increase your passive income, cloud mining is an excellent option. If used correctly, these opportunities can help you grow your cryptocurrency wealth in “autopilot” mode with minimal time investment. At the very least, they should be less time-consuming than any type of active trading. Passive income is the goal of every investor and trader, and with PBK Miner, maximizing your passive income potential will never be easier.

    If you want to know more about PBK Miner, please visit its official website: https://pbkminer.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: CBAK Energy Engages FAW, one of China’s largest EV makers, in Strategic Talks on New EV Battery Model 46950

    Source: GlobeNewswire (MIL-OSI)

    DALIAN, China, June 11, 2025 (GLOBE NEWSWIRE) — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a leading manufacturer of lithium-ion and sodium-ion batteries and a provider of comprehensive electric energy solutions in China, today announced that members of its Research & Development and Sales teams recently visited China First Automotive Works (FAW) Group Co., Ltd. at the company’s headquarters in Changchun, Jilin Province.

    The delegation was led by Mr. Suijun Shang, Principal of the Academy of Research & Development at CBAK Energy, and included senior managers from the Sales Department. They were received by the Principal of FAW’s own Academy of Research & Development. During the meeting, both parties exchanged insights on potential collaboration opportunities, including the prospective supply of CBAK Energy’s upcoming Model 46950 cell, which shares key design characteristics with the widely recognized Model 46800.

    CBAK Energy’s Series 46 production line includes two variants of the Model 46950, utilizing either NCM (Nickel Cobalt Manganese) chemistry or a hybrid of LMFP (Lithium Manganese Iron Phosphate) and NCM. Specifically engineered for electric vehicle (EV) applications, these advanced cells deliver an energy density approximately 65.64% and 22.70% higher, respectively, than the Company’s current flagship cell, the Model 32140. Moreover, both versions of the Model 46950 support 4C fast charging, doubling the 2C charging capability of the Model 32140.

    These innovative products are currently undergoing laboratory testing and are expected to be officially launched next year. With the introduction of the Model 46950, CBAK Energy is positioning itself to re-enter the EV battery market.

    Zhiguang Hu, Chief Executive Officer of CBAK Energy, stated: “We are pleased to have engaged in meaningful discussions with FAW, one of China’s leading EV manufacturers. Reestablishing connections with former partners, especially with the forthcoming Model 46950, signals our strategic intention to return to the EV market. We anticipate that this type of industry dialogue will become increasingly frequent as we move closer to announcing the mass production of the Model 46950.”

    About CBAK Energy
    CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

    For more information, please visit ir.cbak.com.cn.

    Safe Harbor Statement
    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

    The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

    For further inquiries, please contact:
    In China:
    CBAK Energy Technology, Inc.
    Investor Relations Department
    Email: ir@cbak.com.cn 

    The MIL Network –