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Category: Economy

  • MIL-OSI: eToro Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, today announced financial results for the first quarter ended March 31, 2025.

    “I am incredibly proud of the eToro team for producing strong first quarter results and the successful completion of our initial public listing. As a business that champions access to capital markets, we are excited to now be part of those markets. The retail investor of 2025 is informed and connected and we’re encouraged to see their trading behavior enabling them to benefit from market opportunities. We believe that AI is turbo-charging the reshaping of the investing landscape and we’re excited to be at the forefront of this transformation. As a global community that empowers retail investors, we are well positioned to drive sustainable growth and profitability over time, creating further value for our shareholders,” commented Yoni Assia, CEO and Co-founder of eToro.

    First Quarter 2025 Financial Highlights

    • Net contribution increased by 8% year on year to $217 million, compared to $201 million in the first quarter of 2024, driven primarily by increased trading activity.
    • Net income (GAAP) was $60 million, compared to $64 million in the first quarter of 2024 due to increased investment in marketing and growth in response to favorable market conditions.
    • Adjusted EBITDA (non-GAAP) was $80 million compared to $87 million in the first quarter of the prior year reflecting the investments referenced above. Adjusted EBITDA margin was 37%, compared to 43% in the prior year period.1
    • Funded accounts increased 14% year on year to 3.58 million compared to 3.13 million in the first quarter of 2024. This was driven primarily by ongoing user acquisition and retention efforts, as well as the acquisition of Australian investing app Spaceship in 2024.
    • Assets under Administration grew by 21% year on year to $14.8 billion compared to $12.2 billion.
    • Cash, cash equivalents and short term investments were $736 million as of March 31, 2025.

    1 See “Non-GAAP Financial Metrics and Key Performance Indicators” below for additional information and a reconciliation to GAAP for all Non-GAAP financial metrics. Adjusted EBITDA margin is based on net contribution.

    “Our results show strong business performance for Q1 with an increase in net contribution driven by increased trading activity and our continued focus on sustainable, profitable growth. In the first quarter, in response to the market environment, we increased investment in marketing and growth,” said Meron Shani, eToro CFO.

    Business Highlights
    eToro continued to focus on sustainable, profitable growth in Q1, launching products and services to support users at every stage of their investing journey.

    • Trading: eToro continues to expand and develop the range of assets and tools users need to trade the global markets. In the first quarter, eToro launched futures in Europe and options in the UK. With the addition of 40 more tokens, eToro now offers trading in over 130 cryptoassets. The Company also extended trading hours by offering a number of stocks and ETFs for 24/5 trading.
    • Investing: eToro added stocks from the Abu Dhabi and Hong Kong stock exchanges and now offers users the ability to invest in companies listed on more than 20 of the world’s leading exchanges. It continued to grow its range of Smart Portfolios with the launch of a commodities portfolio in partnership with WisdomTree, and a portfolio offering 100% capital protection. As part of the Company’s commitment to offer its users access to interest earning assets, eToro launched securities lending to users in Europe, and expanded crypto staking to include DOT and ATOM.
    • Wealth management: As part of its long-term investment strategy, in the first quarter, eToro introduced a new self-directed offering as part of its UK ISA and introduced recurring investments for stocks, ETFs and crypto allowing users to make regularly scheduled investments. The Company also initiated the integration of Spaceship and the expansion of its Australian offering to include superannuation solutions.
    • Neo-banking: In the first quarter, eToro began the roll out of crypto to fiat enabling users to transfer their crypto to eToro and diversify into other asset classes. As part of the expansion of the eToro Money offering, eToro partnered with local financial institutions to offer local virtual bank accounts in multiple countries. The Company also continued to expand the ability for users to trade local stocks using local currencies.
    • Financial education and AI: eToro is committed to empowering its users to grow their financial knowledge with accessible and engaging content. The Company is leveraging AI to accelerate the production and translation of education materials and now offers more than 3,000 articles, videos, podcasts and webinars in 11 languages.
    • Regulatory developments: In Q1, eToro was granted a MiCA permit by CySec which enables the provision of crypto services across the EU. As long-term supporters of crypto, this is a key milestone and eToro welcomes the regulatory clarity and uniform rules provided by MiCA which it believes will foster greater crypto adoption across Europe. The Company also achieved a SOC 2 Type II compliance certification which demonstrates its strong commitment to operational excellence throughout its crypto custody operations.

    Second Quarter 2025 Update

    • The performance of the business through May 31, 2025 reflects continued progress and interest in trading and investing from retail investors in response to market events.
    • As of May 31, 2025 eToro had 3.61 million funded accounts and $16.9 billion in Assets under Administration.

    Contact
    Media Relations – pr@etoro.com
    Investor Relations – investors@etoro.com

    About eToro
    eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    U.S. dollars in thousands

        March 31,   December 31,
        2025   2024
        Unaudited   Audited
    Assets        
    Current assets:        
    Cash and cash equivalents   660,060     575,395  
    Restricted cash   319     314  
    Short-term investment   76,000     65,000  
    Counterparties   240,842     224,867  
    Cryptoassets   99,761     113,279  
    Receivable from omnibus accounts   10,905     50,466  
    Other receivables and prepaid expenses   49,795     46,005  
        1,137,682     1,075,326  
             
    Non-current assets:        
    Restricted cash   11,751     11,630  
    Right of use assets   43,054     44,406  
    Property and equipment, net   4,965     5,007  
    Goodwill and other intangible assets, net   45,564     46,346  
    Deferred taxes   12,708     8,647  
        118,042     116,036  
             
    Total Assets   1,255,724     1,191,362  
             
    Liabilities and equities        
    Current liabilities:        
    Accounts payable   5,768     4,201  
    Current maturities of long-term lease liabilities   4,940     4,758  
    Payable to users   115,290     103,493  
    Accrued expenses and other payables   176,718     193,115  
        302,716     305,567  
             
    Non-current liabilities:        
    Employee benefit liabilities, net   1,202     1,253  
    Long-term lease liabilities   42,447     43,546  
    Deferred taxes liabilities   7,210     2,968  
    Other long-term liabilities   7,484     5,653  
        58,343     53,420  
             
    Equity attributable to equity holders of the company:        
    Common share premium   479,036     474,469  
    Preferred share premium   397,019     397,019  
    Treasury shares   (2,625 )   (2,625 )
    Advanced Investment Agreement   9,091     9,091  
    Other capital reserve   (361 )   1,868  
    Retained Earnings (Accumulated deficit)   12,505     (47,447 )
        894,665     832,375  
    Total liabilities and equity   1,255,724     1,191,362  

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
    AND OTHER COMPREHENSIVE INCOME (LOSS)
    U.S. dollars in thousands

        Three months ended
    March 31,
        2025   2024
        Unaudited   Unaudited
             
    Revenue and income:        
    Net trading income from equities, commodities and currencies   96,837     73,098  
    Revenue from cryptoassets   3,500,800     3,293,120  
    Net trading income (loss) from cryptoassets derivatives   77,051     (56,767 )
    Net interest income from users   52,618     49,318  
    Currency conversion and other income   23,911     21,403  
    Other interest income   4,164     3,348  
    Total revenue and income   3,755,381     3,383,520  
             
    Costs:        
    Cost of revenue from cryptoassets   3,528,853     3,173,766  
    Margin interest expense   9,159     8,650  
    Research and development   36,621     33,166  
    Selling and marketing   61,222     37,342  
    General, administrative and operating costs   49,502     56,042  
    Finance and other expenses, net   (517 )   928  
    Total costs   3,684,840     3,309,894  
             
    Income before taxes on income   70,541     73,626  
    Taxes on income   10,589     9,516  
    Net income   59,952     64,110  
             
    Other comprehensive income, net:        
    Items that may be reclassified subsequently to profit or loss:        
    Cash flow hedges, net of tax   (2,229 )   –  
    Other comprehensive loss for the year, net of tax   (2,229 )   –  
             
    Total comprehensive income   57,723     64,110  
             
    Basic net income per share   0.79     0.85  
    Diluted net income per share   0.69     0.76  
             
    Weighted-average shares of common shares used to compute net income per share attributable to common shareholders:      
    Basic   75,712,289     75,040,326  
    Diluted   86,576,130     84,239,189  

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    U.S. dollars in thousands

        Three months ended
    March 31,
        2025   2024
        Unaudited   Unaudited
             
    Cash flows from operating activities:        
    Net income   59,952     64,110  
             
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
    Adjustments to profit or loss items:        
    Depreciation, amortization and impairment   3,011     2,590  
    Share-based payment   4,287     8,891  
    Evaluation of contingent liability   1,831     –  
    Revaluation of fair value of cryptoassets and counterparties   51,830     (2,004 )
    Non-cash revenue from staking and blockchain rewards   (8,723 )   (3,877 )
    Non-cash costs from staking and blockchain rewards   5,847     2,441  
    Finance and other expenses, net   (517 )   928  
    Taxes on income, net   10,589     9,516  
        68,155     18,485  
    Changes in asset and liability items:        
    Increase of counterparties   (68,235 )   (67,300 )
    Decrease (increase) of cryptoassets   13,154     (8,196 )
    Increase of other receivables and prepaid expenses   (7,029 )   (15,427 )
    Increase of restricted cash   (124 )   (77 )
    Increase (decrease) of accounts payable   (670 )   13,043  
    Increase of user and omnibus accounts, net   48,901     38,842  
    Increase (decrease) of accrued expenses and other payables   (19,753 )   11,677  
    Decrease of employee benefit liabilities, net   (29 )   (439 )
        (33,785 )   (27,877 )
    Interest received (paid), net during the year   967     (1,235 )
    Taxes paid, net during the year   (5,557 )   (2,600 )
    Net cash provided by operating activities   89,732     50,883  
             
    Cash flows from investing activities:        
    Increase of short-term investments   (11,000 )   –  
    Purchase of property and equipment   (522 )   (1,712 )
    Purchase of intangible assets   (57 )   –  
    Net cash used in investing activities   (11,579 )   (1,712 )
             
    Cash flows from financing activities:        
    Exercise of options   280     211  
    Repayment of lease liability   (1,147 )   (909 )
    Net cash used in financing activities   (867 )   (698 )
             
    Exchange differences on balances of cash and cash equivalents   7,379     (3,579 )
             
    Increase in cash and cash equivalents   84,665     44,894  
             
    Cash and cash equivalents at beginning of year   575,395     388,334  
             
    Cash and cash equivalents at end of year   660,060     433,228  


    Non-GAAP Financial Metrics and Key Performance Indicators

    This press release and the accompanying tables contain certain non-GAAP financial metrics which differ from results prepared in accordance with GAAP. These non-GAAP financial metrics include: Adjusted EBITDA, which is defined as net income (loss) adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense (income).

    eToro believes that these non-GAAP financial metrics may be helpful to investors because they provide consistency and comparability with past financial performance. Additionally, eToro management regularly review certain key performance metrics and non-GAAP financial metrics to evaluate its business, measure its performance, identify trends, prepare financial projections and make business decisions. However, non-GAAP financial metrics are presented for supplemental informational purposes only, have limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Other companies, including companies in eToro’s industry, may calculate similarly titled non-GAAP financial metrics differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of these non-GAAP financial metrics as tools for comparison. A reconciliation is provided below for the non-GAAP financial metrics to the most directly comparable financial metric stated in accordance with GAAP.

    ETORO GROUP LTD.
    RECONCILIATION OF NON-GAAP METRICS
    U.S. dollars in thousands

        Three months ended
        March 31,
        2025   2024
        Unaudited   Unaudited
             
    Net income   59,952     64,110
    Finance expense, net   (517 )   928
    Taxes on income   10,589     9,516
    Share-base payment expense   4,287     8,891
    Depreciation, amortization, and impairment   3,010     2,590
    Employee non-cash expense2   (1,049 )   595
    Transaction related costs3   2,091     247
    Evaluation of contingent liability4   1,831     –
             
    Adjusted EBITDA   80,194     86,877

     

    2Employee non-cash expense is related to payroll expenses recorded in respect of the non-withdrawable amount (“NWA”) over the employee’s vesting period.
    3Transaction related costs include transaction costs associated with the initial public offering.
    4 Evaluation of contingent liability is related to the commitment to issue shares as part of the Spaceship acquisition. Due to an increase in the share price, an evaluation was performed.

    Definitions of Certain Key Performance Indicators

    Adjusted EBITDA: Adjusted EBITDA is a non-GAAP financial metric that we define as net income (loss) adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense (income).

    Assets under administration: Assets under administration (‘AUA’) are defined as the aggregate of the following: (i) the total fair value of all equities, cryptoassets, commodities, currencies and options held by users in their accounts, (ii) cash held by users in their accounts, (iii) eToro Money balances, (iv) users’ cryptoassets held in the eToro digital wallet, (v) users’ assets held by 3rd parties partners for execution or custody services.

    Funded Accounts: Funded Accounts are users who have completed KYC, AML and other onboarding processes, activated their account, deposited funds, executed at least one trade at any time and have a positive account balance (invested or uninvested). Funded Accounts represent the deepest level of our user acquisition funnel and are the users from whom we generate Total Commission.

    Interest Earning Assets: Interest Earning Assets are the average monthly balances of users’ cash balances, corporate cash, users’ total leveraged positions and stakeable cryptoassets.

    Net Contribution: Net Contribution reflects Total revenue and income, less the Cost of revenue from cryptoassets and Margin interest expense. We use Net Contribution to evaluate the net contributions of our users’ activity on our platform before considering the overhead costs associated with our operations.

    Net Contribution consists of the following five components, each representing revenue or income divided across our products based on the distinct patterns upon which we monetize users’ activity on the platform. We evaluate the performance of our business and our success in both diversification and risk management across these five components:

    • Net Trading Contribution (Equities, Commodities and Currencies) is equal to our Net trading income from equities, commodities and currencies.
    • Net Trading Contribution (Cryptoassets) is equal to Revenue from cryptoassets plus Net trading income (loss) from cryptoasset derivatives less Cost of revenue from cryptoassets, excluding the net contributions from blockchain rewards and staking activity.
    • Net Interest Contribution represents Net interest contribution from users plus Other interest income plus the net contributions of staking activity, less Margin interest expense.
    • eToro Money comprises the vast majority of our Currency conversion and other income. It represents the income earned from our money management services, including currency conversions, withdrawals, interchange on our debit card, transfers of cryptoassets, and fees relating to our cryptoasset wallet services.
    • Subscriptions and Other is the remainder of Currency conversion and other income not attributable to eToro Money plus the net contributions of blockchain rewards.

    Net Income
    Net income represents the company’s total earnings or profit for a given period, calculated as total revenue minus all expenses, including operating costs, depreciation, interest, taxes, and other income or expenses. It reflects the company’s overall profitability according to GAAP standards.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “outlook,” “guidance,” “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond eToro’s control. eToro’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to market volatility and erratic market movements; failure to retain existing users or adding new users; extreme competition; changes in regulatory and legal framework under which we operate; regulatory inquiries and investigations; our estimates of our financial performance; interest rate fluctuations; the evolving cryptoasset market, including the regulations thereof; conditions related to our operations in Israel, including the ongoing war; risks related to data security and privacy and use of OSS; risks related to AI; changes in general economic or political conditions; changes to accounting principles and guidelines; the ability to maintain the listing of our securities on Nasdaq; unexpected costs or expenses; and other factors described in “Risk Factors” in our Registration Statement on Form F-1, filed with the SEC on March 24, 2025, as amended, and declared effective by the SEC on May 13, 2025. Further information on potential risks that could affect actual results will be included in the subsequent filings that eToro makes with SEC from time to time.

    Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent eToro’s views as of the date of this press release. eToro anticipates that subsequent events and developments will cause its views to change. eToro undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing eToro’s views as of any date subsequent to the date of this press release.

    Source: eToro Group Ltd.

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Eternex Network (eTRNX) Completes Successful Phase 1 of IEO — Aims to Reshape Global Finance with Tokenized Real-World Assets and AI-Powered Investing

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, June 10, 2025 (GLOBE NEWSWIRE) — eTRNX Network, the next-generation blockchain ecosystem built for emerging markets, has officially concluded Phase 1 of its Initial Exchange Offering (IEO) with resounding success. With listings across major IEO platforms-P2PB2B, Dex-Trade, and BitStorage—the project has captured global investor attention by delivering on its promise: real-world blockchain utility, not just market speculation.

    As Phase 2 of the IEO approaches completion, early participants still have a chance to secure positions before the next wave of utility rollouts, token unlocks, and exchange listings.

    Finance Without Borders, Barriers, or Banks

    While most DeFi projects chase hype, eTRNX focuses on substance-building an ecosystem that democratizes access to income-generating assets and powerful financial tools. Designed to serve populations in Africa, Asia, and the Middle East, the project delivers:

    Tokenized REITs: Own fractions of global real estate and earn automated monthly rental yields via smart contracts.

    Money Market Funds (MMFs): Blockchain-powered access to traditionally exclusive low-risk investments.

    AI-Powered Portfolio Management: From automated asset rebalancing to risk detection, eTRNX puts institutional-grade AI in the hands of everyday users.

    Multi-Chain Utility: Operating across Tron, Stellar, and Solana for ultra-fast, low-cost, and borderless transactions.

    Staking with up to 30% APY: A deflationary model that rewards long-term holders while helping to stabilize token velocity.

    Decentralized Governance: 1 token = 1 vote. Token holders shape the future of the protocol via treasury proposals and upgrades.

    Phase 1 Success, Phase 2 Closing Fast

    With the completion of Phase 1 IEO of eTRNX tokens thousands of early backers onboarded, the project’s Phase 1 IEO marked a significant milestone in its roadmap. Strategic partnerships are in development for token utility, staking platforms, and REIT infrastructure deployment.

    Now, with Phase 2 nearly 50% filled, investors can still access the project at an early valuation before the next pricing stage activates.

    Join the IEO Before It Ends

    Participate across the following launchpads:

    What’s Coming Next?

    Deployment of the eTRNX Tokenized REIT marketplace
    Launch of smart investment dashboards with AI integration
    Multichain wallet support and cross-border payment gateway
    Community governance framework + first treasury proposals

    eTRNX is committed to solving real-world financial access problems using blockchain technology, AI, and an inclusive, compliance-aware ecosystem architecture.

    About eTRNX Network

    eTRNX Network is a blockchain-based financial infrastructure platform offering fractional real estate ownership, tokenized money market funds, and AI-automated investing tools. Built to empower underserved global communities, the project merges transparency, scalability, and long-term value in a multichain architecture.

    Stay Connected for Official Updates

    For the latest news and release schedules, join the official channels:

    Website: https://www.etronnetwork.org
    Twitter: https://x.com/eTRNXOFFICIAL
    Telegram: https://t.me/etrnx01

    Media Contact Details:

    Company Name: Etron Network
    Company Website: https://www.etronnetwork.org/
    Company Email: Esther@etronnetwork.org
    Concerned Person: Esther Kendi

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f297b1e-b147-4ec9-815b-3d35f6f6d982

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Claimable Honored in Fast Company’s 2025 World Changing Ideas Awards

    Source: GlobeNewswire (MIL-OSI)

    Annual Awards Recognize Innovative Companies and Projects Addressing the World’s Most Urgent Challenges

    Recognition Follows Claimable’s Launch of GLP-1 Support, Helping Patients Navigate One of the Most Denied Treatments in the U.S.

    SACRAMENTO, Calif., June 10, 2025 (GLOBE NEWSWIRE) — Claimable is proud to announce that it has been named to Fast Company’s 2025 World Changing Ideas Awards list. This annual recognition honors bold and transformative efforts that tackle the world’s most pressing issues—from fresh sustainability initiatives and cutting-edge AI developments to ambitious pursuits of social equity helping mold the world.

    Every year, 850 million healthcare claims are denied, forcing millions of Americans to choose between medical care and financial stability. Claimable is tackling this healthcare crisis with the first AI-powered appeals platform, helping patients and providers fight back against unjust denials. Patients upload their denial notice and insurance information, answer a few questions, and Claimable does the rest, analyzing clinical research, policy details, appeals data, and their unique medical story to generate and submit a customized appeal in minutes.

    This year’s awards showcase 100 outstanding projects. A panel of Fast Company editors and reporters selected the winners from a pool of more than 1,500 entries and judged applications based on their impact, sustainability, design, creativity, scalability, and ability to improve society.

    “The World Changing Ideas Awards have always been about showcasing the art of the possible,” says Fast Company editor-in-chief Brendan Vaughan. “We’re proud to recognize the organizations and leaders that are making meaningful progress on the biggest issues of our time.”

    Since launching in late 2024, Claimable has recovered nearly $6 million for patients, boasting an over 80% success rate across more than 70 commonly denied treatments, including autoimmune and migraine medications, IVIG for children with PANS/PANDAS, and now GLP-1s for obesity and type 2 diabetes. For the millions facing treatment delays or crushing medical debt, Claimable offers hope, making the appeals process simple, fast, and effective, getting patients the care they deserve.

    “We’re using AI to solve a deeply human problem,” said Claimable Co-Founder and Chief AI Officer Zach Veigulis. “Fast Company’s recognition reinforces what we’ve always believed at Claimable, that AI can be used to make life better. At a time when technology is often used to cut costs and deny care, we’re proving it can expand access and return power to patients.”

    This recognition comes as Claimable expands its impact with support for GLP-1 medication appeals. One of today’s most denied treatment categories, GLP-1s like Ozempic, Mounjaro, Zepbound, and Wegovy have transformed care for people with obesity and type 2 diabetes. However, patients are often denied access due to formulary exclusions, overly restrictive eligibility criteria, or insurer mandates to “fail first” on older or less effective treatments. With over 137 million U.S. adults now eligible for GLP-1 support, Claimable offers patients and providers a purpose-built solution designed to overcome the unique challenges of GLP-1 coverage denials.

    “Insurance denials aren’t just a paperwork issue, they’re a public health crisis hiding in plain sight,” said Alicia Graham, co-founder and COO at Claimable. “While others patch old systems, we’re building something entirely new. We’re reimagining how healthcare access should work, using technology to turn the tables on a system that’s stacked against patients. That’s why we’ve built Claimable alongside the people most affected: patients and providers. Our platform works because it doesn’t just make appeals faster, it makes them smarter, giving people the best chance to win.”

    Claimable is available nationwide and accepts denials from all insurance providers, including Medicare, Medicaid, United Healthcare, Anthem, Aetna, Cigna, and BCBS plans. To learn more about Claimable and all the treatments they support, visit www.getclaimable.com. 

    ABOUT CLAIMABLE
    Claimable revolutionizes the way patients and providers fight healthcare denials, helping ensure everyone has access to the care they need and the coverage they deserve. The platform leverages purpose-built AI to analyze clinical research, policy details, appeals data, and patients’ unique medical stories, generating and submitting customized appeals in minutes. Claimable is available nationwide, accepting denials from all insurance providers, including Medicare and Medicaid. A NVIDIA Inception Program member, Claimable continues to push the boundaries of AI innovation in healthcare. For more information: www.getclaimable.com. 

    Contact:
    Emily Fox
    press@getclaimable.com 

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Executive Order “Unleashing American Drone Dominance” -– Draganfly Selected by Southern Border Cochise County Sheriff’s Department for Drone Pilot Program.

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, June 10, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its selection by the Cochise County Sheriff’s Department to support a new drone pilot program aimed at enhancing surveillance and operations along the southern border. This initiative aligns with President Donald J. Trump’s executive order, “Unleashing American Drone Dominance,” which seeks to reassert America’s leadership in unmanned aerial systems for security and defense.

    The Cochise County Sheriff’s Department, recognized nationally for its innovative use of technology in law enforcement, has previously implemented high-resolution camera networks, sensor-integrated mobile units, and ground surveillance radar systems. These efforts have garnered commendations and visits from President Trump and Vice President JD Vance, highlighting the department’s leadership in border enforcement and technological integration.

    “The southern border is one of America’s most critical national security frontiers,” said Captain Tim Williams of Cochise County Sheriff’s Department. “Our department has always been committed to leveraging the best tools available. With Draganfly as our drone partner, we’re entering the next phase of smart border enforcement. Their systems will enhance our ability to protect communities, manage humanitarian concerns, and respond rapidly to evolving threats.”

    Under this new pilot program, the department will deploy the Draganfly family of drones for extended border surveillance, quick-response missions and nighttime operations. Draganfly’s drones are known for their adaptability and multi-mission capabilities, providing law enforcement and public safety operators the ability to execute a variety of operating tactics and capabilities from a single vehicle, with a variety of configurations available to support various payload and range demands. Draganfly products are capable of integrating with a variety of incumbent hardware and software solutions, including TAK(Team Awareness Kit) network compatibility, enabling a seamless integration with existing capabilities.

    “We are honored to be working with the Cochise County Sheriff’s Department on this historic program,” said Cameron Chell, CEO of Draganfly. “Their team represents some of the best of American law enforcement—innovation-focused, community-minded, and mission-ready. This project embodies the spirit of President Trump’s executive order and sets a gold standard for how drone technology should be used to secure national borders.”

    This initiative not only reinforces the department’s legacy of operational excellence but also positions Cochise County as a national model for technology-enabled border enforcement.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and serve their stakeholders. Recognized as being at the forefront of technology for over 25 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

    NASDAQ (DPRO)
    CSE (DPRO)
    FSE (3U8)

    Media Contact:
    Erika Racicot
    Email: media@draganfly.com

    Company Contact:
    Email: info@draganfly.com

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to Draganfly’s drones being known for their adaptability and multi-mission capabilities, providing law enforcement and public safety operators the ability to execute a variety of operating tactics and capabilities from a single vehicle, with a variety of configurations available to support various payload and range demands, as well as their capable of integrating with a variety of incumbent hardware and software solutions, including TAK network compatibility, enabling a seamless integration with existing capabilities. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed, and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Exodus Movement, Inc. May 2025 Treasury Update and Monthly Metrics

    Source: GlobeNewswire (MIL-OSI)

    OMAHA, Neb., June 10, 2025 (GLOBE NEWSWIRE) — Exodus Movement, Inc. (NYSE American: EXOD) (“Exodus”), a leading self-custodial cryptocurrency platform, today announced an update to selected digital asset holdings of Exodus’ corporate treasury, as well as updated user and exchange provider processed volume metrics, as of May 31, 2025:

    Selected Digital Asset Holdings (Unaudited)
    Bitcoin (BTC): 2,038 BTC as of May 31, 2025
    Ethereum (ETH): 2,721 ETH as of May 31, 2025
    Solana (SOL): 29,109 SOL as of May 31, 2025

    Users
    Monthly Active Users (MAUs): 2.2 million as of May 31, 2025, of which approximately 675,000 are Passkeys Wallets.

    Swap Volume
    Exchange provider processed volume was $486M for the month of May 2025, of which $69M (14%) originated from our XO Swap partners.

    Exodus CEO, JP Richardson, commented: “Our monthly active users benefited from a brief May promotion aimed at Passkeys Wallets that we do not expect to reoccur in June. However, this performance demonstrates the power of our Passkeys tech, enabling a scalable, hassle free, and under thirty second wallet onboarding experience ideal for stablecoin adoption. Additionally, we believe our sponsorship of the Las Vegas BTC 2025 conference further reinforced Exodus’ market leadership in bringing crypto, including Bitcoin and stablecoins, to the wider public.”

    “Our operations continue to generate Bitcoin,” Exodus CFO James Gernetzke remarked. “In particular, incremental increases in our BTC units held demonstrate the real-world benefits of our operational philosophy. In addition, we plan to continue to drive shareholder value by executing upon our organic growth initiatives, pursuing potential strategic acquisitions, and expanding our digital assets treasury.”

    About Exodus
    Exodus is a financial technology leader empowering individuals and businesses with secure, user-friendly crypto software solutions. Since 2015, Exodus has made digital assets accessible to everyone through its multi-asset crypto wallets prioritizing design and ease of use.

    With self-custodial wallets, Exodus puts customers in full control of their funds, enabling them to swap, buy, and sell crypto. Its business solutions include Passkeys Wallet and XO Swap, industry-leading tools for embedded crypto wallets and swap aggregation.

    Exodus is committed to driving the future of accessible and secure finance. Learn more at exodus.com or follow us on X at x.com/exodus.

    Investor Contact
    investors@exodus.com

    Disclosure Information
    Exodus uses the following as means of disclosing material nonpublic information and for complying with disclosure obligations under Regulation FD: websites exodus.com/investors and exodus.com/blog; press releases; public videos, calls, and webcasts; and social media: X (@exodus and JP Richardson’s feed @jprichardson), Facebook, LinkedIn, and YouTube.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements are based on our beliefs and assumptions and on information currently available to us as of the date hereof. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “should,” “intend,” “believe,” “expect,” “likely,” “believes,” “views”, “estimates,” or other comparable terminology.

    Forward-looking statements in this document include, but are not limited to, management statements regarding management’s confidence in our products, services, business trajectory and plans, expectations regarding demand for our products, and optionality around future securities offerings, including to finance acquisitions. Such forward-looking statements involve a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Such factors include those set forth in “Item 1. Business” and “Item 1A. Risk Factors” of Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 6, 2025, as well as in our other reports filed with the SEC from time to time.

    All forward-looking statements are expressly qualified in their entirety by such cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Except as required by law, we undertake no obligation to update or revise any forward-looking statements that have been made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Bitget Anti-Scam Report Shows AI-Related Scams Drive $4.6B in Crypto Losses in 2024

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 10, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its 2025 Anti-Scam Research Report in partnership with blockchain security firms SlowMist and Elliptic. The report reveals that global crypto scam losses surged to $4.6 billion in 2024, with deepfake technology and social engineering emerging as the dominant tactics behind high-value thefts. The publication marks the official launch of Bitget’s Anti-Scam Month, a month-long initiative dedicated to security education and ecosystem-wide awareness.

    The report highlights how AI-powered scams have moved beyond phishing emails to include fake Zoom calls, synthetic videos of public figures, and Trojan-laced job offers. Among its key findings, the report identifies three primary scam categories—deepfake impersonation, social engineering schemes, and Ponzi-style projects cloaked in DeFi or NFT branding—as the leading causes of user loss. It also outlines how stolen funds are funneled through cross-chain bridges and obfuscation tools before reaching mixers or exchanges, complicating enforcement and recovery efforts.

    Additional insights include case studies from major scam incidents in Hong Kong, the rising use of Telegram and X (Twitter) comment sections as phishing entry points, and the continued growth of professionally run fraud rings operating across borders.

    “The biggest threat to crypto today isn’t volatility—it’s deception. That’s why Bitget has designated the entire month of June as Anti-Scam Month—an initiative to elevate industry standards and user awareness. This report is the flagship release within that effort. AI has made scams faster, cheaper, and harder to detect. At Bitget, we believe fighting back requires both technological rigor and ecosystem-wide collaboration. Our goal is to help users trade smarter, not just faster,” said Gracy Chen, CEO at Bitget.

    The report also details how Bitget’s Anti-Scam Hub, innovative detection systems, and a $500M+ Protection Fund are being actively deployed to mitigate user risks. SlowMist provided detailed forensic insights into scam tactics, ranging from address poisoning to job offer Trojans, while Elliptic examined the laundering patterns of stolen cryptocurrency through cross-chain bridges and mixer platforms.

    “Criminals are constantly evolving their methods of attack, using AI and finding new ways to scale their activities. This means that reciprocally, we are also working to scale our technology and blockchain capabilities to track and identify the new methods criminals are using. Our work with Bitget reflects a shared urgency to expose these evolving threats and give users the tools to protect themselves,” said Arda Akartuna, Lead Crypto Threat Researcher, Elliptic, APAC.

    “This report reflects the real-world patterns we’re seeing on-chain every day. From phishing rings to fake staking dApps, the tactics may change—but the psychology is always the same. Users must be informed, skeptical, and security-minded at all times,” said Lisa, Security Operations Lead, SlowMist.

    The report closes with actionable recommendations for both users and institutions, including scam red flag indicators and best practices for avoiding common traps in DeFi, NFT, and Web3 environments.

    For the full report, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c73d1c7-7419-4f43-a2ae-2e9c450fb8bd

    The MIL Network –

    June 10, 2025
  • MIL-OSI Economics: W&T Announces Appointment of Presiding Director for 2025

    Source: W & T Offshore Inc

    Headline: W&T Announces Appointment of Presiding Director for 2025

    HOUSTON, June 10, 2025 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today announced that its Board of Directors (the “Board”) appointed Mr. John D. Buchanan as Presiding Director for 2025. He has served in that role since the 2024 Annual General Meeting and will continue as Presiding Director this year. Mr. Buchanan joined the Board in April 2024 and has more than 30 years of experience as a seasoned oil and gas, commercial and banking attorney, in addition to his prior service as a military officer.

    Tracy W. Krohn, W&T’s Chairman and Chief Executive Officer stated, “We are very pleased that our Board has named John as our continuing Presiding Director. That position serves a valuable leadership role on our Board and John’s extensive legal experience in the energy industry and banking industry has served him well in that Board capacity. John has been a valuable advisor to and served several Boards for large public companies prior to joining our Board.”

    About Mr. Buchanan

    Mr. Buchanan has served in top legal roles as Chief Legal Officer/General Counsel/Corporate Secretary at several S&P 500 companies. Mr. Buchanan most recently served at ExxonMobil Corporation (“Exxon”) as an Assistant General Counsel where he also served as the Secretary to the Exxon Audit Committee and the Exxon Finance Committee. Mr. Buchanan also previously served in the top legal role with the Federal Reserve Bank of Dallas, where he was the Senior Vice President, General Counsel and Corporate Secretary Mr. Buchanan has held a number of other Chief Legal Officer positions over the course of his career at various S&P 500 financial institutions. Mr. Buchanan has served on numerous committees and boards of directors during his career, including the board of directors for Mercedes Benz US International Inc., with service as the Chair of the Audit Committee. Prior to his legal career Mr. Buchanan was a U.S. Army officer, helicopter pilot and paratrooper, serving with distinction.

    Mr. Buchanan holds a Master’s of Laws in Taxation from New York University School of Law and a Juris Doctorate degree from the Vanderbilt University School of Law. He also earned a Bachelor’s degree in Economics from Washington & Lee University.

    About W&T Offshore

    W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America and has grown through acquisitions, exploration and development. As of March 31, 2025, the Company had working interests in 52 fields in federal and state waters (which include 45 fields in federal waters and seven in state waters). The Company has under lease approximately 634,700 gross acres (496,900 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 487,200 gross acres on the conventional shelf, approximately 141,900 gross acres in the deepwater and 5,600 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

         
    CONTACT: Al Petrie Sameer Parasnis
      Investor Relations Coordinator Executive VP and CFO
      investorrelations@wtoffshore.com sparasnis@wtoffshore.com
      713-297-8024 713-513-8654

    Source: W&T Offshore, Inc.

    Released June 10, 2025

    MIL OSI Economics –

    June 10, 2025
  • PM Modi highlights expansion of India’s sports infrastructure in last 11 years

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday highlighted expansion of India’s sports infrastructure in the last 11 years.

    Responding to an article written by Union Minister Mansukh Mandaviya, PM Modi shared on X, “Union Minister Shri @mansukhmandviya highlights how India’s sports infrastructure has expanded at an unprecedented scale in the last 11 years. With youth at its core, this transformation is propelling India towards becoming a global sporting powerhouse.”

    In his article, Mandaviya elaborated on how India is heading towards becoming a global sporting powerhouse.

    Mandaviya said on X, “Under the leadership of PM Narendra Modi Ji, the last 11 years have witnessed a historic transformation in India’s sporting landscape, from world-class infrastructure development to athlete-centric decision making.”

    India’s sporting landscape has witnessed transformation over the past 11 years, driven by a series of flagship initiatives introduced under the Modi government. The Ministry of Youth Affairs and Sports has been central to this progress, from developing grassroots infrastructure to nurturing Olympic medal hopefuls — ushering in a new era for Indian sports.

    Recognising sports as a powerful vehicle for empowerment and nation-building — especially in a country where nearly 65% of the population is youth — the government has raised sports ministry’s budget by 130.9%, from ₹1,643 crore in 2014–15 to ₹3,794 crore for 2025–26.

    Central to this transformation is the Khelo India programme, launched in 2016–17. With ₹1,000 crore allocated in the latest budget, it has supported the creation of over 1,000 training centres, approved 326 infrastructure projects, and nurtured nearly 2,845 athletes through coaching and financial assistance.

    India has also witnessed a remarkable surge in sporting achievements over the past 11 years, with Indian athletes delivering historic performances across major international competitions.

    At the Olympics, India went from winning just 2 medals at Rio 2016 to a record 7 medals at Tokyo 2020 and 6 at Paris 2024.

    The Paralympics marked an even more dramatic transformation. From just 4 medals in Rio 2016, India bagged 19 in Tokyo 2020 and a record-breaking 29 medals in Paris 2024, including 7 golds.

    India’s rise continued at the Asian Games, where the Hangzhou 2023 edition became historic with 107 medals from a record 655-member contingent. Similarly, at the Commonwealth Games, India consistently maintained strong performances, securing over 60 medals in each edition from 2014 to 2022.

    Indian athletes also made global headlines elsewhere—winning double gold at the 2024 FIDE Chess Olympiad, a gold in javelin at the World Athletics Championships 2023, and a historic Thomas Cup win in badminton in 2022. Shooters and para-table tennis players also delivered standout performances in global competitions.

    From village-level talent to international podiums, India’s sports ecosystem has become more inclusive, robust, and focused on performance. As the nation sets its sights on the 2036 Olympics and beyond, these efforts reflect a clear and ambitious vision: to establish India among the world’s top 10 sporting nations.

    June 10, 2025
  • Indian markets end flat amid ongoing consolidation phase

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market closed largely unchanged on Tuesday, reflecting a continuation of the ongoing consolidation phase. The BSE Sensex slipped 53.49 points to settle at 82,391.72, while the NSE Nifty inched up by a single point to end at 25,104.25.

    IT stocks led the gains, with the Nifty IT index rising 1.67%. Other sectoral indices that closed in the green included pharma, FMCG, metals, media, energy, and commodities. On the other hand, auto, PSU banks, financial services, realty, and infra indices registered losses.

    Among the top gainers on the Sensex were Tech Mahindra, Tata Motors, Infosys, HCL Tech, UltraTech Cement, TCS, ITC, Axis Bank, Nestle, and Adani Ports. Meanwhile, Maruti Suzuki, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, and Reliance Industries ended the day in the red.

    According to analysts, the Nifty has managed to sustain levels above its previous consolidation zone on the daily chart, suggesting the uptrend remains intact.

    “This positive sentiment is likely to persist and favours long trades as long as the index stays above the key support level of 24,850. If the Nifty breaks decisively above 25,350, we may see an extended rally in the short term,” said Rupak De, Senior Technical Analyst at LKP Securities.

    Vikram Kasat, Head of Advisory at PL Capital, added that despite the current consolidation, factors such as improving liquidity, resilient corporate earnings, and continued interest from foreign portfolio investors (FPIs) are supporting market optimism.

    On the currency front, the rupee traded flat to slightly positive at around 85.67 to the dollar. Analysts said last week’s 0.50% rate cut by the Reserve Bank of India—bringing the total rate reduction to 100 basis points—has added liquidity, helping offset pressure from rising crude oil prices. The rupee is expected to remain range-bound between 85.25 and 86.00 in the near term.

    Meanwhile, gold prices hovered in a tight range between $3,315 and $3,320 per ounce and around ₹97,000 per 10 grams in the domestic market. Market participants are awaiting cues from upcoming US-China trade talks and the release of US Consumer Price Index (CPI) data later this week.

    “Any positive outcome in US-China trade discussions could push gold down towards ₹95,000, while negative commentary might drive prices higher towards ₹98,500 and $3,360 levels,” said Jateen Trivedi, VP Research Analyst at LKP Securities.

    -IANS

    June 10, 2025
  • Lutnick says US-China trade talks going well on second day

    Source: Government of India

    Source: Government of India (4)

    U.S. Commerce Secretary Howard Lutnick said on Tuesday trade talks with China were going well as the two sides met for a second day in London, seeking a breakthrough on export controls that have threatened a fresh rupture between the superpowers.

    U.S. and Chinese officials are trying to get back on track after Washington accused Beijing of blocking exports of rare earth minerals that are critical to its economy, straining ties after they struck a preliminary deal in Geneva last month to step back from a full-blown trade embargo.

    White House economic adviser Kevin Hassett said on Monday that the U.S. was ready to agree to lift export controls on some semiconductors in return for China speeding up the delivery of rare earths and magnets.

    “(Talks went on) all day yesterday, and I expect (them) all day today,” Lutnick told reporters. “They’re going well, and we’re spending lots of time together.”

    Trump’s shifting tariff policies have roiled global markets, sparked congestion and confusion in major ports, and cost companies tens of billions of dollars in lost sales and higher costs.

    But markets have made up much of the losses they endured after Trump unveiled his sweeping “Liberation Day” tariffs in April, aided by the reset in Geneva between the world’s two biggest economies.

    The second round of U.S.-China talks, which followed a rare phone call between Trump and Chinese President Xi Jinping last week, comes at a crucial time for both economies.

    Customs data published on Monday showed that China’s exports to the U.S. plunged 34.5% in May, the sharpest drop since the outbreak of the COVID pandemic.

    While the impact on U.S. inflation and its jobs market has so far been muted, tariffs have hammered U.S. business and household confidence and the dollar remains under pressure.

    DISCUSSING DISAGREEMENTS

    The talks have been led by U.S. Treasury Secretary Scott Bessent, Lutnick and U.S. Trade Representative Jamieson Greer, with the Chinese contingent helmed by Vice Premier He Lifeng.

    The talks ran for almost seven hours on Monday and resumed just before 1000 GMT on Tuesday, with both sides expected to issue updates later in the day.

    The inclusion of Lutnick, whose agency oversees export controls for the U.S., is one indication of how central rare earths have become. He did not attend the Geneva talks, when the countries struck a 90-day deal to roll back some of the triple-digit tariffs they had placed on each other.

    China holds a near-monopoly on rare earth magnets, a crucial component in electric vehicle motors, and its decision in April to suspend exports of a wide range of critical minerals and magnets upended global supply chains and sparked alarm in boardrooms and factory floors around the world.

    Kelly Ann Shaw, a former White House trade adviser during Trump’s first term and now a trade partner at the Akin Gump law firm in Washington, said she expected China to reaffirm its commitment to lift retaliatory measures, including export restrictions, “plus some concessions on the U.S. side, with respect to export control measures over the past week or two”.

    But Shaw said she expected the U.S. to only agree to lift some new export curbs, not longstanding ones such as for advanced artificial intelligence chips.

    In May, the U.S. ordered a halt to shipments of semiconductor design software and chemicals and aviation equipment, revoking export licences that had been previously issued.

    (Reuters)

    June 10, 2025
  • MIL-OSI Russia: Financial news: Last year pawnshops issued loans to citizens for 302 billion rubles

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    This is a quarter more than the year before. The main reason for this growth is the steady increase in gold prices. 94% of loans are issued against gold items as collateral. At the same time, the number of concluded agreements remained at the same level – 16.6 million per year.

    Due to the growth in gold prices, the average loan amount also increased — from 16 to 21 thousand rubles. The total cost of loans (TCL) of pawnshops did not exceed 120% per annum. Rates vary significantly depending on the type of collateral — for example, for loans secured by a car, they are traditionally lower. For certain groups of citizens — pensioners, people with disabilities, large families — pawnshops offer preferential loan terms.

    Large chain pawnshops are actively developing digital channels of interaction with clients: more than half issue non-cash loans and accept payments online.

    Most borrowers try to repay the loan themselves in order to get back the collateral. 84% of loans are repaid in this way. For small pawnshops focused on retaining their customer base, this share is even higher. The rest of the loans are repaid by selling the pledged item. If the sale price exceeds the borrower’s obligations, the client retains the right to contact the pawnshop within three years to get back the pawned item. difference.

    Read more in the publication “Pawnshop Market Development Trends in 2024”.

    Preview photo: Vasanty / Shutterstock / Fotodom

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

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

    HTTPS: //VVV.KBR.ru/Press/Event/? ID = 24692

    MIL OSI Russia News –

    June 10, 2025
  • MIL-OSI Russia: HSE and X5 to support talented students

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    X5 has increased the number of student grants for applicants to the Higher School of Business at the National Research University Higher School of Economics. The company will compensate part of the tuition fees for twenty-five talented applicants in the Master’s program “B2C Business Management: Technologies and Innovations” (previously “Retail Management”). Applications for grants can be submitted from June 20.

    X5 has been a strategic partner of the Master’s program for more than three years. Currently, almost a quarter of the company’s employees are under 25 years old, so developing relationships with universities and educational institutions is a priority for preparing a personnel reserve. This year, the program’s content was completely revised — “B2C Business Management: Technologies and Innovations” became the first specialized master’s program that trains leaders in retail and e-commerce. The company, together with the Higher School of Business of the Higher School of Economics, took into account all the latest market trends and built the program around three main blocks: customer experience, new technologies and innovations, leadership and management.

    The Master’s degree is suitable for both bachelors and specialists aiming for a career in retail and e-com, as well as for those who already work in retail and B2C companies, as well as those who run their own business. Five HSE graduates who successfully pass the entrance exams and score high will be able to study with a 35% discount. Another 20 applicants will receive a grant in the amount of 25% of the cost of tuition. The best students will receive financial support from X5 for the entire period of study.

    Students of the program study Data Science, business analytics, digital platforms, digital marketing, customer experience management in an omnichannel environment. That is, the disciplines that are necessary for working in modern business. Each area is supervised by top managers and executives of X5 – the program is designed for full integration, where there is a lot of practice, research and project work. Experts from X5 give lectures, hold open meetings, seminars and excursions, visit stores, distribution centers, innovation labs and ready-to-eat food production together with students.

    Ksenia Mardanova

    Director of Work with Educational Institutions X5

    “We pass on our knowledge and experience as an industry leader to students and tell them that modern retail is much more than just retail. X5 includes not only retail chains, but also IT, delivery, transport, and prepared food services. And our partnership with the HSE uniquely combines academic depth with applied approaches, including elements of an MBA in management practice. Over two years, students develop a portfolio of more than 10 projects based on real-life retail and e-commerce challenges. Graduates make good careers in major companies; we see them as promising specialists and are ready to consider them for work at X5. At the same time, the program improves the competencies of our own employees, who, while studying here, gain new skills for growth within the company.”

    Andrey Starkov

    Academic Director of the program, Associate Professor of Practice at the Higher School of Business, National Research University Higher School of Economics

    “Thanks to the support of X5, our program gives talented students the opportunity to receive a quality management education at one of the leading business schools in Russia and build a career in B2C business. The program’s special feature is its practice-oriented approach: courses are implemented using the co-teaching scheme, when HSE teachers and business professionals conduct classes together. In addition, students prepare coursework and diploma projects in a consulting format, solving real-life problems of companies. The involvement of practitioners in the educational process provides valuable networking and deep immersion in the professional environment.”

    For admission to the program In 2025, applications will be accepted from June 20 to August 8: 63 places are open for students from Russia and one for students from foreign countries.

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

    MIL OSI Russia News –

    June 10, 2025
  • MIL-OSI Asia-Pac: Speech by SJ at 3rd Anniversary of Opening of AALCO Hong Kong Regional Arbitration Centre (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Justice, Mr Paul Lam, SC, at the 3rd Anniversary of the Opening of AALCO (Asian-African Legal Consultative Organization) Hong Kong Regional Arbitration Centre today (June 10):

    Mr Nick Chan (Director of the AALCO Hong Kong Regional Arbitration Centre), Deputy Commissioner Mr Fang Jianming (Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region), heads of AALCO disputes resolution centres, distinguished guests, ladies and gentlemen, 

         A very good afternoon. It is both an honour and a privilege to stand before you today as we mark a significant milestone – the third anniversary of the AALCO Hong Kong Regional Arbitration Centre. Over the past three years, AALCO Hong Kong has not only flourished but has also become a cornerstone of Hong Kong’s reputation as a world-class destination for international dispute resolution. Today, we celebrate not just an institution, but a shared vision: a future where Hong Kong continues to maintain and strengthen our status as an international legal and dispute resolution services centre in the Asia-Pacific region and beyond.

         Three years ago, AALCO’s choice to establish its newest regional arbitration centre in Hong Kong reflected AALCO members’ resounding confidence in our city’s rule of law, legal talent, and many other unique advantages as an international financial centre and legal services and disputes resolution centre under the principle of “one country, two systems”, and of course, also Hong Kong’s location, being the heart of the Greater Bay Area (GBA) development and an important gateway of the Belt and Road Initiative.  

         Since its establishment, AALCO Hong Kong has made significant contributions in enhancing Hong Kong’s regional arbitration capabilities. By providing a neutral and efficient platform for dispute resolution, AALCO Hong Kong has facilitated the settlement of cross-border commercial disputes, reinforcing confidence in the legal systems of Asian and African economies.  

         AALCO Hong Kong has also organised various seminars and training programmes for capacity building of dispute resolution professionals and international collaboration by working closely with governments, arbitral institutions, and legal bodies to harmonise arbitration practices across different jurisdictions, especially in the GBA and the Belt and Road regions. For example, we are very happy to see that AALCO Hong Kong supported the Second Instalment of the 7th Belt and Road Conference hosted by the Law Society of Hong Kong, which featured engaging and fruitful dialogues in promoting a peaceful dispute resolution worldwide. 

         I wish to extend my deepest congratulations and gratitude to AALCO, the legal community, and all stakeholders who have supported AALCO Hong Kong’s growth. This milestone is not just a proof to AALCO Hong Kong’s achievements over the past three years, but also a reflection of Hong Kong’s growing role as a leading hub for international legal and dispute resolution services in the Asia-Pacific region and beyond. As we look ahead, the demand for arbitration and alternative dispute resolution (ADR) services will grow, driven by increasing cross-border trade, Belt and Road Initiative projects, digital economy disputes, and international sports events.  

         Let us reaffirm our commitment to advancing the edge of arbitration, promoting ADR, and building a more interconnected legal and dispute resolution landscape for Asia, Africa, and beyond. To conclude, I wish AALCO Hong Kong many more years of success. Thank you.

    MIL OSI Asia Pacific News –

    June 10, 2025
  • MIL-OSI United Kingdom: Raft of tech companies investing in Britain as government vows to unleash growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Raft of tech companies investing in Britain as government vows to unleash growth

    From AI to fintech, leading global tech firms that will power the next Industrial Revolution announce major UK investments, creating highly-skilled jobs from Edinburgh to Warwick.

    • From AI to fintech, leading global tech firms that will power the next Industrial Revolution announce major UK investments, creating highly-skilled jobs from Edinburgh to Warwick.
    • Technological progress will define the decades ahead, unleashing new innovations that could make us healthier, wealthier and safer – Science and Tech Secretary Peter Kyle told an audience today.
    • Government will go all in on science and tech to deliver the growth, improved healthcare, and clean energy breakthroughs that are central to the upcoming modern Industrial Strategy and Plan for Change.

    Hundreds of well-paid, highly-skilled tech jobs will be created from Edinburgh to Warwick, and beyond, as the Science and Technology Secretary has confirmed a raft of investments into the UK by leading global technology companies today (Tuesday 10 June). These significant investments range from AI to fintech, and some see the companies involved setting up shop in the UK for the very first time.

    Peter Kyle unveiled this news in a keynote speech at London Tech Week, where he also set out more of the government’s plan to put the white-hot potential of science and technology to work, building a better UK. Investments like these, together with partnerships like that announced with NVIDIA by the Prime Minister yesterday, and new government measures set out by the Secretary of State, will ignite the growth the UK needs to truly deliver on the government’s Plan for Change.

    From harnessing AI to boost healthcare and clean energy, to new measures to support innovative early-stage science and tech companies to thrive, going all in on science and tech is the route to the medical breakthroughs, ways of making energy cheaper and greener, and good-quality jobs that will make all our lives better. It’s one of the growth-driving sectors in the government’s forthcoming modern Industrial Strategy, and today’s speech sets out elements that will drive the success of the strategy.

    Investments being announced today:

    • Liquidity, a US-based global AI fintech, will launch its European headquarters in London as part of a plan to invest an additional £1.5 billion into cutting-edge enterprises over the next 5 years
    • InnovX AI, one of Europe’s leading startup hubs, investing £14.7 million in a new London technology hub, creating 30 jobs
    • Nebius, a Dutch AI infrastructure company, announcing a long-term commitment to back the UK’s AI sector, starting with an initial investment of £200 million. They will establish a UK AI Factory – with 2 potential sites in South East England currently being assessed – that could result in thousands of jobs coming online in the decades to come
    • Capgemini, one of the world’s largest business and technology transformation partners, expanding its UK presence with a new London HQ, following strong revenue growth over the years. 
    • Netcompany, a Danish IT consultancy, investing £2 million as it expands its Leeds office and launches a new site in Edinburgh, eventually set to create 150 jobs
    • Ekimetrics, a French AI solutions firm, is investing £8.5 million in their UK operations, creating over 150 roles in London over 3 years as part of its Elevate 2028 strategy
    • Yuno, a Colombia-based global fintech that is rapidly expanding, is choosing London for its European headquarters
    • Rebeldot, a Romanian software and tech consultancy, opening its UK subsidiary in Warwick, as part of plans to expand its presence in the UK

    To succeed, the UK’s tech leaders need stability and certainty. Today the Science and Tech Secretary has set out the ways in which the British state will be an active partner and enabler, working with the private sector to unlock the promise of technology, to help unleash the next Industrial Revolution and build a better Britain.

    The government’s upcoming modern Industrial Strategy will also provide a credible 10-year plan to deliver the certainty and stability businesses need to invest in high-growth sectors like digital and technologies. This will secure the UK’s position as the best place in Europe to create, invest, and scale-up a fast-growing digital and technologies business.

    These include an £86 billion commitment to funding for R&D, a new £25 million scheme to bring elite AI experts to the UK, £187 million for new schemes to train up the tech workforce of tomorrow, and £1 billion funding for the AI Research Resource announced by the Prime Minister yesterday.

    Science and Technology Secretary Peter Kyle said:

    We have all seen over the last few years, just how rapidly and profoundly technologies like AI are transforming the economy, and our society. Britain can – and must – be at the cutting edge of this change. The era of hesitancy is over: we can be the masters of our fate, and through the measures I am announcing today, we will harness the vast potential of our trillion-pound tech sector to help remake our country for the better.

    This is the Plan for Change, in action. The UK has all the tools needed for success in science and technology, and by working as an active partner to our world-leading universities and cutting-edge businesses, this government will ensure that we seize the era-defining opportunities before us.

    Business and Trade Secretary Jonathan Reynolds said:

    The UK continues to be a prime destination for tech businesses from across the world to come and succeed, and London Tech Week is a shining example of this.

    Securing valuable high-tech investment is an integral mission of this government and seeing global investors put billions in the UK economy shows the Plan for Change is working, with more and more companies choosing Britain.

    With tech being identified as a key growth sector in our upcoming modern Industrial Strategy, we’re not only helping attract and secure investment, but delivering long-term, stable growth that supports skilled jobs and raises living standards across the UK.

    Announcements being made today are evidence of the holistic approach the government is taking to turbo-charging Britain’s tech sector.

    Science and Technology Venture Capital Fellowship

    To encourage the investment and access to risk capital that is critical for science and tech-backed businesses in the early stages, we are opening the Science and Technology Venture Capital Fellowship for a second cohort and round of applications, to increase the capacity of the UK financial sector to invest in the tomorrow’s breakthroughs, today. This will be delivered by the Royal Academy of Engineering and Imperial Business School.

    Turing AI ‘Global’ fellowships

    New efforts to build the skills base Britain needs to seize the potential of AI, are being backed with £25 million. A prestigious new AI talent fellowship will be launched, to attract 5 top AI experts to the UK: the Turing AI ‘Global’ fellowships. Fellows will receive substantial packages to relocate to the UK and quickly build a team of experts to conduct frontier AI research and contribute to the UK’s AI ecosystem.

    Encode: AI for Science Fellowship

    The government also intends to fund a UK-based expansion of the Encode: AI for Science Fellowship. Conceived and delivered by Pillar VC and enabled by ARIA, the programme embeds world-class AI researchers into cutting-edge scientific labs, accelerating the pathway to industry, and enabling talent to spend one year immersed in intensive exploration, feedback, and development cycles.

    The Encode fellowships will commence earlier, with new talent arriving in the UK by Autumn 2025. This will be backed by the UK Sovereign AI Unit with up to £5 million in government funding.

    This investment will ensure the UK further benefits from the extraordinary talent Encode has already attracted, catalysing new collaborations in areas such as climate modelling, rare disease treatment, crop development, and neuroscience. Encode is one of the first initiatives launched and supported through ARIA’s flagship Activation Partners initiative.

    Spinouts Register

    Meanwhile a world-first new Spinouts Register marks a step-change in the type and quality of information available on the UK’s spinouts – which will inform better policymaking, and enable better support for these important companies. This comprehensive database covering the more than 2,000 spinouts formed since 2012/2013 in the UK, represents the first ever ‘official’ list of all spin-out companies produced by UK universities.

    The first flagship analysis to better understand how spinouts grow and succeed, drawing on data within the Register, is also being published today, by the University of Cambridge’s Policy Evidence Unit for University, Commercialisation and Innovation (UCI). Initial findings show university spinouts outperform other start-ups, including contributions in key strategically important sectors, with university spinouts comprising 70% of the top 20 life science startups by investment raised. The Register has been developed by the Higher Education Statistics Agency with Research England and UCI.

    Working internationally delivers benefits beyond investment, and working with global partners is also critical to the UK’s ambitions for science and technology. The vast opportunities for our innovators through schemes like Horizon Europe are central to that. Later today, Peter Kyle will meet with European Commissioner for Research and Innovation Commissioner Ekaterina Zaharieva to discuss how to exploit these opportunities even further, building on the UK having recently gained access to more quantum and space Horizon funding calls.

    All of this is on top of commitments to the UK’s innovation and technology-forward future announced by the Prime Minister, yesterday, including greater support for researchers to spin their ideas out into successful businesses, and new schemes like the Tech First programme that will give British workers the skills they need to thrive in the decades ahead. The government is also developing the National Digital Exchange, a web platform that could save the public sector £1.2 billion on buying tech, as well as cutting duplicative costs and processes.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

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    Published 10 June 2025

    MIL OSI United Kingdom –

    June 10, 2025
  • MIL-OSI Russia: China releases historical documents exposing Japanese war crimes in northeast

    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

    SHENYANG, June 10 (Xinhua) — More than 1,200 historical documents related to the Japanese invasion of China during World War II were released by the Archives of Northeast China’s Liaoning Province on Monday, International Archives Day, providing new evidence of Japanese aggression in China more than 80 years ago.

    These files are archive catalogues of the South Manchuria Railway (SMRR), which was founded in 1906 and ceased to exist in 1945. The colonial enterprise was believed to have financed Japan’s militaristic ambitions during the Chinese People’s War of Resistance Against Japanese Aggression from 1931 to 1945.

    Among the files released are compensation tables for the families of soldiers killed and injured in the September 18, 1931, incident that marked the beginning of Japan’s 14-year invasion of China. The incident occurred when Japanese troops blew up a section of railway under their control near the city of Shenyang and accused Chinese troops of sabotage as a pretext for the attack. That same evening, they launched a large-scale invasion of northeast China, shelling Chinese barracks near Shenyang.

    Other files relate to events such as the July 7 Incident and the Nanjing Massacre. “The documents showed that the South Manchuria Railway played a significant role in Japan’s invasion of China by collecting intelligence, supporting pro-Japanese forces, financing the war, participating in military actions, and glorifying aggression,” said Cong Longhai, an official at the Liaoning Provincial Archives.

    According to him, during its work in China, the company controlled the economic life of Northeast China, plundered mineral resources and collected various intelligence data.

    “These files contain evidence of the Japanese invasion of China, as well as irrefutable evidence written by the Japanese invaders themselves, which is of significant historical value,” he said.

    This year marks the 80th anniversary of the Chinese people’s victory in the War of Resistance Against Japanese Aggression and the World Anti-Fascist War. By releasing the historical documents, Cong Longhai hopes that they will help uncover the hidden history of Japan’s long-planned invasion of China and tell the story of the heroic deeds of the Chinese people during the war, he added. -0-

    MIL OSI Russia News –

    June 10, 2025
  • MIL-OSI Russia: China to strengthen strategic communication, coordination with France: Vice President

    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

    NICE, France, June 10 (Xinhua) — Chinese Vice President Han Zheng said Monday that China is willing to strengthen bilateral and multilateral strategic communication and coordination with France and inject new impetus into the development of China-France relations.

    Han Zheng made the remarks during a meeting with French President Emmanuel Macron on the sidelines of the third United Nations Ocean Conference (UNOC) in Nice, France.

    Conveying greetings from Chinese President Xi Jinping to Macron, Han Zheng said that during their phone conversation last month, the two heads of state had an in-depth exchange of views on issues of common concern such as strengthening bilateral solidarity and coordination, upholding multilateralism and promoting world peace and stability, and reached important consensus.

    Han Zheng said his participation in the UN Ocean Conference is aimed at implementing the important consensus reached by the two heads of state, reflecting the UN and France’s support for holding the conference, and contributing to the implementation of the UN 2030 Agenda for Sustainable Development.

    China’s vice president said China supports France in upholding strategic autonomy.

    Noting that this year marks the 50th anniversary of the establishment of diplomatic relations between China and the European Union (EU), Han Zheng said that in the current complicated international situation, strengthening cooperation between China and the EU benefits both sides and the rest of the world. He added that China is willing to further expand areas of cooperation with the EU and push for the further development of China-EU relations.

    Expressing gratitude to Han Zheng for his participation in the UN Ocean Conference, E. Macron asked him to convey his warm greetings to the President of the People’s Republic of China.

    E. Macron said that France regards China as a long-term and reliable cooperation partner, and in the current international situation full of challenges and difficulties, it is vital for France and China, as two major countries, to maintain close high-level exchanges and strengthen ties and cooperation in maintaining world peace and security.

    France welcomes Chinese companies to invest and do business in France, and is willing to deepen bilateral economic and trade cooperation, strengthen communication and coordination in international economic and financial policies, jointly address global challenges such as climate change and biodiversity protection, uphold multilateralism, and act as two major constructive forces in this turbulent world to give the world more confidence, Macron said. –0–

    MIL OSI Russia News –

    June 10, 2025
  • MIL-OSI Russia: The President of Uzbekistan has defined the priorities of partnership with the New Development Bank

    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

    Tashkent, June 10 (Xinhua) — Uzbek President Shavkat Mirziyoyev received BRICS New Development Bank President Dilma Rousseff, the press service of the Uzbek leader reported on Monday.

    “On June 9, President of the Republic of Uzbekistan Shavkat Mirziyoyev received President of the BRICS New Development Bank Dilma Rousseff, who arrived in our country to participate in the events of the Tashkent International Investment Forum,” the statement said.

    As reported, issues of developing practical cooperation with this multilateral financial institution were discussed. The consistent implementation of the agreements reached on the sidelines of the BRICS summit in October last year was noted with satisfaction.

    “Thus, the Board of Governors of the Bank gave its fundamental consent to Uzbekistan joining the member countries of the New Development Bank. A program of priority joint projects worth 5 billion dollars has been formed,” the statement says.

    “The head of our state emphasized the importance of the speedy preparation and implementation of projects in such priority areas as the modernization of irrigation systems, the development of the mining industry, financing the private sector, and the promotion of public-private partnership projects in the areas of education and infrastructure,” it added.

    It is noted that support was also expressed for the implementation of large regional infrastructure projects. –0–

    MIL OSI Russia News –

    June 10, 2025
  • MIL-OSI United Nations: Secretary-General’s opening remarks at press conference at Ocean Conference [Full transcript, scroll down for French]

    Source: United Nations secretary general

    Good morning,
     
    We are in Nice on a mission – save the ocean, to save our future.

    That was my message at the Conference opening yesterday, and it is the message I have carried through all my meetings.
     
    The ocean is the lifeblood of our planet.
     
    It produces half of the oxygen we breathe, nourishes billions of people, supports hundreds of millions of jobs, and underpins global trade.
     
    For many, the ocean is more than a source of food and livelihood.
     
    It shapes cultures…anchors identities… and feeds the soul.
     
    Yet, we are treating it like a limitless resource – pretending it can absorb our abuse without consequence.
     
    Every year, we see more troubling signs that our ocean is under siege.
     
    Fish populations are collapsing due to reckless illegal fishing and overexploitation.
     
    Climate change is driving ocean acidification and heating – destroying coral reefs, accelerating sea level rise, and threatening communities worldwide.
     
    And plastic pollution is choking marine life and infesting our food chain – ultimately ending up in our blood and even our brains.
     
    When we poison the ocean, we poison ourselves.
     
    Dear friends,
     
    There’s a tipping point approaching – beyond which recovery may become impossible.
     
    And let us be clear:
     
    Powerful interests are pushing us towards the brink.
     
    We are facing a hard battle, against a clear enemy.
     
    Its name is greed.
     
    Greed that sows doubt… denies science… distorts truth… rewards corruption… and destroys life for profit.
     
    We cannot let greed dictate the fate of our planet.
     
    That is why we are here this week: to stand in solidarity against those forces and reclaim what belongs to us all.
     
    Governments, business leaders, fishers, scientists…  everyone has a responsibility and a vital role to play.
     
    Throughout my many engagements at the Conference, I have highlighted four priorities.
     
    First – we must transform how we harvest the ocean’s bounty.
     
    It is not about fishing, it’s about how we fish.
     
    Sustainable fishing is not a choice – it is our only option.
     
    This means stronger global cooperation, strict enforcement against illegal fishing, and expanded protected areas to rebuild stocks and safeguard marine life.
     
    And it means delivering on the 30 by 30 target – to conserve and manage at least 30 per cent of marine and coastal areas by 2030.
     
    We have a moral duty to ensure future generations inherit oceans swarming with life.
     
    Second – we must confront the plague of plastic pollution.
     
    This means phasing out single-use plastics, overhauling waste systems, and boosting recycling.
     
    All countries must quickly finalize an ambitious, legally binding global treaty to end plastic pollution. And we hope that this will happen this year.
     
    Third – the fight against climate change must extend to the seas.
     
    For decades, the ocean has been absorbing carbon emissions and taking the heat of a warming planet.
     
    That comes at great cost.
     
    As we prepare for COP30 in Brazil, countries must present ambitious national climate action plans.
     
    These plans must align with limiting the rise in global temperature to 1.5 degrees Celsius;
     
    Cover all emissions and the whole economy;
     
    And in line with the commitments countries have made to accelerate the global energy transition and seize the benefits of clean power.
     
    Last year, for the first time, the annual global temperature was 1.5°C hotter than pre-industrial times.
     
    Scientists are clear: that does not mean that the long-term global temperature rise limit to 1.5 degrees is out of reach.
     
    It means we need to fight harder.
     
    The ocean depends on it – and so do we.
     
    I urge countries to champion ocean-based climate solutions – like protecting mangroves, seagrass beds, and coral reefs.
     
    We must also increase financial and technological support to developing countries – so that they can protect themselves from extreme weather and respond when disasters strike.
     
    The survival of coastal communities and Small Island Developing States depends on it.
     
    And fourth – we must implement the recent Agreement on Marine Biodiversity of Areas Beyond National Jurisdiction.
     
    The Agreement is a historic step towards protecting vast areas of our ocean.
     
    I congratulate the 134 countries that have signed and the 49 and counting that have ratified the Agreement – including 18 new signatures and 18 ratifications yesterday alone.
     
    The entry into force is within our sight.
     
    And I call on all remaining nations to join swiftly.
     
    We do not have a moment to lose.
     
    Finally, on seabed mining, we have a collective responsibility to proceed with great caution.
     
    I support the ongoing work of the International Seabed Authority on this important issue.
     
    As I said yesterday, the deep sea cannot become the Wild West.
     
    Ladies and gentlemen of the media,
     
    The urgency of this moment cannot be overstated.
     
    Ocean health is inseparable from human health, climate stability, and global prosperity.
     
    But I leave Nice energized and encouraged by the many pledges already made.
     
    Encouraged by island nations and Indigenous Peoples sharing their stories and expertise…
     
    Encouraged by young activists demanding action and accountability…
     
    Scientists developing innovative solutions for all…
     
    Business leaders investing in the blue economy…
     
    This is the global coalition we need.
     
    I urge everyone to step forward with decisive commitments and tangible funding.
     
    The ocean has given us so much.
     
    It is time we returned the favor.
     
    Our health, our climate, and our future depend on it.
     
    Thank you. Je vous remercie.
     
    Question: Secretary General, you warned against a wild west on deep sea mining. Beyond words, what specific actions would you like countries to take to either stop deep sea mining or put in place strong regulations?
     
    Secretary-General: Well, as I mentioned, there is an institution that has a key role to play, and is playing it, and I trust that they will be doing what is necessary to avoid the Wild West that I mentioned. It is the International Seabed Authority, and I think it’s extremely important not to have any kind of initiative that is beyond whatever will be established by the International Seabed Authority.
     
    Question: Mr. Secretary-General, you said we have to save the ocean. Are you happy with this conference? Do you think it will make a difference?
     
    Secretary-General: I think it is making a difference. There is one aspect that is particularly evident. UNCLOS, the United Nations Convention on the Law of the Sea, took 12 years to enter into force. We are two years from the BBNJ, and we have already, as of today, 49 ratifications [Editor’s Note: 50 including the EU] with 15 commitments to do it soon, which means that it will, in the next few months, reach the entry into force. That is a record – a little bit more than two years. So, I see a momentum and an enthusiasm that was difficult to find in the past.
     
    And the way this meeting was attended – not only by countries, but by civil society, by the business community, by indigenous communities, representing more than double those that came to the Lisbon conference that I attended two years ago – shows the very strong commitment made by countries in relation to enlarging the protection areas. All these shows a momentum that, to be honest, I had never witnessed in conferences of this type. Am I entirely happy? Of course not. I would like things to move much faster.
     
    And let’s not forget that there is a clear link between biodiversity, climate and marine protection. And in that clear link, we still have some dramatic gaps. And one of the most worrying ones is, of course, the impact of climate change on the oceans – the fact that the rising of sea levels is accelerating; the fact that waters are more and more warmer with acidification. We see the impacts in coastal areas. We see the corals bleaching, and we see that climate change became an extremely dramatic threat to the lives of our oceans. And there, I have to say, we are moving slowly, and I hope the COP in Belém will be able to provide the necessary acceleration.
     
    Question: You said that sustainable fishing was the only option left, but for small states like Sri Lanka that’s struggling with bottom trawling – a regional practice  – and IUU fishing [Illegal, unreported and unregulated], we don’t have the capacity to enforce and control external actors like that. What can the UN do to assist small states to protect its fish stocks and marine ecology?
     
    Secretary-General: I think we must develop forms, first of all, of accountability in relation to illegal fishing and in relation to the way fishing resources of developing countries are being exploited by a certain number of predators. So, there is a question of accountability, and we’ll be doing our best to increase the mechanisms of international accountability that for the moment – let us be clear – are extremely limited and inefficient.
     
    Question: CO2 emissions from fossil fuels are a double problem for the ocean because of acidification, and they are hitting the atmosphere and the ocean. At the same time, there’s a lot of oil industry activity that happens in the ocean, which is a continuing risk. What message and agreements do you expect to hear from the countries in this conference regarding the fossil fuel industry or is this not a subject right now in this conference?
     
    Secretary-General: I believe the energy transition will be more central in the COP meeting than in this meeting. But there are two things that, for me, are absolutely evident. First is that 85 per cent of the emissions correspond to fossil fuels. So the problem of climate change is essentially linked to fossil fuels. The second is that we are witnessing an energy transition that demonstrates that the cheapest way to produce energy is through renewables.
     
    You might have heard what I said about greed. There is a dramatic effort from the fossil fuel industry to distort the reality. But one thing for me is inevitable – the fossil fuel age is coming to an end, and the renewable age will be there as the age of the future. The problem is, will that be done on time? And what we need is to accelerate that transition.  And I hope that in the COP there will be a very strong message in this regard.
     
    Question: I wanted to ask if you have concerns generally about the 1.5 target slipping out from policymakers’ speeches as people come to accept that it’s not likely to be met. Are you concerned that people are moving ahead and starting to talk about 2 degrees? How do you keep up the message around 1.5 when the science looks certain that it will be passed?
     
    Secretary-General: I am concerned. Scientists are very clear when they tell us that the 1.5 degrees is still achievable as a limit to global warming. But they are also unanimous in saying that we are on the brink of a tipping point that might make it impossible. So there is a matter of urgency that is extremely important, and that is the reason of my concern. Until now, we have not seen enough urgency, enough speed in making things move fast, in energy transition and in other aspects that are essential to keep 1.5 degrees alive. A lot of progress is being seen, but not yet enough, and we must accelerate our transition. And this is, for me, the most important objective of the next COP, and of the pressure we are making at the present moment on countries to have Nationally Determined Contributions, the so-called national action plans, that are fully compatible with 1.5 degrees, which foresees until 2035 a dramatic reduction of emissions.
     

    ****

     
    LE SECRÉTAIRE GÉNÉRAL
    REMARQUES À LA PRESSE À LA CONFÉRENCE DES NATIONS UNIES POUR L’OCÉAN

     
     
    Bonjour à tous,
     
    Nous sommes à Nice en mission : sauver l’océan – pour sauver notre avenir.
     
    C’était le message que j’ai porté à l’ouverture de la Conférence hier.
    Et c’est le message que j’ai répété à chacune de mes rencontres ici.
     
    L’océan est le poumon de notre planète.
     
    Il produit la moitié de l’oxygène que nous respirons… nourrit des milliards de personnes… soutient des centaines de millions d’emplois… et fait tourner le commerce mondial.
     
    Mais pour beaucoup, l’océan est bien plus qu’une ressource.
     
    Il façonne des cultures. Il ancre des identités. Il nourrit l’âme humaine.
     
    Et pourtant, nous le traitons comme une ressource inépuisable – comme s’il pouvait absorber nos abus sans conséquences.
     
    Chaque année, les signes de détresse se multiplient.
     
    Les stocks de poissons s’effondrent sous l’effet de la pêche illégale et de la surexploitation.
     
    Le dérèglement climatique provoque l’acidification et le réchauffement des océans – détruisant les récifs de corail, accélérant la montée des eaux, et mettant en péril des communautés entières.
     
    La pollution plastique étouffe la vie marine et contamine notre alimentation – jusqu’à se retrouver dans notre sang… et même dans notre cerveau.
     
    En empoisonnant l’océan, c’est nous-mêmes que nous empoisonnons.
     
    Chers amis,
     
    Nous approchons un point de bascule – au-delà duquel tout retour en arrière pourrait devenir impossible.
     
    Soyons clairs : des intérêts puissants nous poussent dangereusement vers le précipice.
     
    Nous livrons un combat difficile, contre un ennemi bien identifié.
     
    Son nom, c’est la cupidité.
     
    Une cupidité qui sème le doute… nie la science… déforme la vérité… récompense la corruption… et détruit la vie au nom du profit.
     
    Nous ne pouvons pas laisser la cupidité dicter le sort de notre planète.
     
    C’est pourquoi nous sommes ici cette semaine : pour faire front ensemble face à ces forces – et reprendre ce qui appartient à toutes et à tous.
     
    Les gouvernements, les chefs d’entreprise, les pêcheurs, les scientifiques… chacun a une responsabilité, chacun a un rôle vital à jouer.
     
    Tout au long de la Conférence, j’ai mis en avant quatre priorités.
     
    Premièrement – nous devons transformer la manière dont nous récoltons les richesses de l’océan.
     
    La question n’est pas de pêcher ou non — mais de savoir comment nous pêchons.
     
    La pêche durable n’est pas une option – c’est notre seule voie possible.
     
    Cela exige une coopération internationale renforcée, une lutte implacable contre la pêche illégale, et une extension des aires marines protégées pour reconstituer les stocks et préserver la vie marine.
     
    Cela implique aussi de tenir l’objectif 30-30 : protéger et gérer au moins 30 % des zones marines et côtières d’ici 2030.
     
    Nous avons le devoir moral de transmettre aux générations futures des océans pleins de vie.
     
    Deuxièmement – nous devons combattre le fléau de la pollution plastique.
     
    Cela signifie éliminer progressivement les plastiques à usage unique, réformer les systèmes de gestion des déchets, et renforcer le recyclage.
     
    Tous les pays doivent conclure rapidement un traité mondial ambitieux et juridiquement contraignant pour mettre fin à la pollution plastique. Et nous espérons que cela se produira cette année.
     
    Troisièmement – la lutte contre le changement climatique doit aussi se mener en mer.
     
    Depuis des décennies, l’océan absorbe nos émissions de carbone et la chaleur d’une planète en surchauffe.
     
    Cela a un prix.
     
    À l’approche de la COP30 au Brésil, les pays doivent présenter des plans d’action climatique nationaux ambitieux.
     
    Des plans compatibles avec l’objectif de limiter la hausse des températures à 1,5 °C ;
     
    Qui couvrent toutes les émissions et l’ensemble de l’économie ;
     
    Et conformément aux engagements des pays à accélérer la transition énergétique mondiale, en saisissant les opportunités offertes par les énergies propres.
     
    L’an dernier, pour la première fois, la température mondiale annuelle a dépassé de 1,5 °C les niveaux préindustriels.
     
    Les scientifiques sont clairs : cela ne signifie pas que la limite de 1,5 °C est hors de portée.
     
    Cela signifie que nous devons redoubler d’efforts.
     
    L’océan en dépend — et nous aussi.
     
    J’appelle les pays à soutenir les solutions climatiques basées sur l’océan — comme la protection des mangroves, des herbiers marins et des récifs coralliens.
     
    Nous devons aussi accroître le soutien financier et technologique aux pays en développement – pour qu’ils puissent se protéger face aux phénomènes climatiques extrêmes, et répondre rapidement quand les catastrophes frappent.
     
    La survie des communautés côtières et des petits États insulaires en dépend.
     
    Quatrièmement – nous devons mettre en œuvre l’Accord sur la biodiversité marine des zones situées au-delà des juridictions nationales.
     
    L’ Accord est une avancée historique pour protéger d’immenses espaces marins.
     
    Je félicite les 134 pays qui l’ont signé, et les 49 – et c’est pas fini – qui l’ont déjà ratifié, dont 18 signatures et 18 ratifications enregistrées hier seulement.
     
    L’entrée en vigueur est à notre portée.
     
    J’en appelle à tous les autres États pour de les rejoindre sans attendre.
     
    Nous n’avons pas une minute à perdre.
     
    Enfin, sur l’exploitation minière des fonds marins, nous avons une responsabilité collective d’agir avec une extrême prudence.
     
    Je salue les travaux en cours de l’Autorité internationale des fonds marins sur cette question cruciale.
     
    Comme je l’ai dit hier, les grands fonds ne peuvent devenir le Far West des temps modernes.
     
    Mesdames et Messieurs les journalistes,
     
    L’urgence de ce moment ne peut être exagérée.
     
    La santé de l’océan est indissociable de la santé humaine, de la stabilité climatique et de la prospérité mondiale.
     
    Mais je quitte Nice plein d’énergie et d’espoir, porté par les nombreux engagements déjà pris.
     
    Porté par les récits et l’expertise des nations insulaires et des peuples autochtones…
     
    Par la détermination des jeunes militants qui exigent des comptes…
     
    Par les scientifiques qui inventent des solutions pour toutes et tous…
     
    Et par les acteurs économiques qui investissent dans une économie bleue durable.
     
    C’est cette coalition mondiale dont nous avons besoin.
     
    J’en appelle à chacun : engagez-vous avec clarté, avec ambition, et avec des financements concrets.
     
    L’océan nous a tant donné.
     
    Il est temps de lui rendre la pareille.
     
    Notre santé, notre climat et notre avenir en dépendent.
     
    Je vous remercie.
     

    MIL OSI United Nations News –

    June 10, 2025
  • RBI to discontinue daily Variable Rate Repo auctions amid liquidity surplus

    Source: Government of India

    Source: Government of India (4)

    The Reserve Bank of India (RBI) on Tuesday announced that it will discontinue daily Variable Rate Repo (VRR) auctions from June 11, 2025, in light of a growing liquidity surplus in the banking system, which currently stands at approximately ₹3 lakh crore.

    In a statement, the RBI said, “Further, on a review of current and evolving liquidity conditions, it has been decided that the daily VRR auctions, as announced in the above press release, will be discontinued with effect from June 11, 2025, Wednesday.”

    The decision comes amid tepid demand for daily VRR operations, with banks borrowing just ₹3,711 crore on June 9 and ₹3,853 crore on June 10 against a notified amount of ₹25,000 crore.

    The central bank had introduced daily VRR auctions on January 16, 2025, to address temporary liquidity tightness caused by tax-related outflows and foreign exchange interventions. However, with liquidity conditions now easing, the RBI is shifting its focus to stabilising overnight money market rates, which have been trending lower due to excess funds in the system.

    Despite the discontinuation of daily operations, market participants expect the RBI to continue with 14-day VRR auctions to manage short-term liquidity as needed.

    The move follows the central bank’s recent decision to cut the Cash Reserve Ratio (CRR) by 100 basis points to 3.0%, a measure expected to infuse an additional ₹2.5 lakh crore into the banking system.

    The VRR mechanism allows banks to borrow short-term funds from the RBI against government securities as collateral, with the interest rate determined through an auction. It has been an important tool for liquidity management during periods of financial tightness.

    With the current surplus, the RBI’s decision is in line with its neutral policy stance and reflects a calibrated approach to adjusting liquidity instruments based on prevailing market conditions.

    — ANI

    June 10, 2025
  • Piyush Goyal deepens India–Switzerland trade ties, urges Swiss firms to invest under TEPA

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal met with top Swiss business leaders in Bern on Monday to boost bilateral economic ties. The discussions, held under the framework of the recently signed Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA), focused on expanding cooperation in innovation, technology transfer, and sustainable manufacturing.

    During his visit, Goyal interacted with senior leadership from some of Switzerland’s most prominent companies spanning sectors such as biotechnology, precision engineering, healthcare, defence, and emerging technologies. The Minister extended an open invitation for Swiss firms to expand their footprint in India, highlighting the vast potential of India’s rapidly growing economy, youthful talent base, and favorable investment climate.

    Reaffirming India’s commitment to enabling global business, Goyal assured Swiss companies of a transparent regulatory framework, a robust intellectual property rights regime, and investor-friendly policies. He urged businesses to view India not merely as a large consumer market, but as a strategic hub for manufacturing, innovation, and global value chain integration.

    Goyal chaired two sector-focused roundtable discussions with Swiss industry leaders. The first session spotlighted Biotech, Pharma, and Healthcare, while the second addressed Precision Engineering, Defence, and Emerging Technologies. Both events were hosted with support from the Indian Embassy in Switzerland and showcased India’s growing reputation as a destination for affordable innovation and scalable production.

    The Minister highlighted the role of the EFTA Desk at Invest India, set up to provide facilitation support and handholding to potential Swiss investors. He emphasized India’s openness to working towards regulatory harmonization and mutual recognition agreements, further smoothing the path for Swiss-Indian partnerships.

    Beyond business interactions, Goyal also met with members of the Switzerland Chapter of the Institute of Chartered Accountants of India (ICAI). He praised the chapter for its efforts in promoting India’s professional excellence abroad and strengthening the India–Switzerland economic and professional networks.

    Swiss business leaders expressed robust confidence in India’s economic trajectory and its potential as a global innovation powerhouse. Commending India’s growing middle class, skilled workforce, and strong R&D capabilities, companies from a range of sectors voiced their intent to deepen engagement with India. Discussions touched on potential joint ventures, manufacturing localization, and co-development of high-tech solutions across fields such as cell sciences, cancer research, fibre optics, industrial automation, space technology, and cybersecurity.

    Many Swiss companies acknowledged India as a natural partner, describing the bilateral economic relationship as one of strategic alignment and long-term commitment. For them, India represents both a key market and a springboard for accessing international customers through integrated supply chains and co-created technologies.

    June 10, 2025
  • PM Modi highlights rapid growth in India’s technical textiles sector

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday highlighted rapid growth in India’s technical textiles sector, propelled by key government initiatives, including the National Technical Textiles Mission (NTTM) and the Production Linked Incentive (PLI) scheme.

    Responding to an article written by Union Minister Giriraj Singh, PM Modi shared on X, “India’s technical textiles sector is witnessing rapid growth, driven by key initiatives like the National Technical Textiles Mission and the PLI scheme. These efforts are boosting manufacturing, innovation and exports, positioning India as a global leader, writes Union Minister Giriraj Singh.”

    Technical textiles refers to fabrics designed and manufactured for their functional and technical properties, rather than their aesthetic appeal. They are engineered to perform specific tasks, like reinforcement, filtration, protection, and more.

    To boost the technical textiles sector in the country, the National Technical Textiles Mission (NTTM) was launched for the period 2020–21 to 2025–26, with an outlay of ₹1,480 crore. The Mission focuses on promoting the use of technical textiles across various flagship schemes and strategic sectors. NTTM funds are allocated for research, innovation and development; promotion and market expansion; export promotion; as well as education, training, and skilling.

    The Production Linked Incentive (PLI) Scheme is aimed at self-reliance. Targeting key sectors such as electronics, textiles, pharmaceuticals, and automobiles, the scheme offers financial incentives linked to clear performance metrics like increased production and incremental sales. This results-based approach not only attracts both domestic and foreign investment but also drives adoption of advanced technologies and supports the achievement of economies of scale.

     

    June 10, 2025
  • MIL-OSI: BEN Secures $3.5 Million Line of Credit

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., June 10, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced it has entered into a $3.5 million line of credit agreement with Corps Capital Advisors, LLC, a Texas-based investment firm.

    Under the terms of the agreement, BEN may draw up to $3.5 million in revolving credit until the facility’s maturity on December 5, 2025. The line of credit accrues interest at a fixed rate of 10.0% per annum and may be prepaid at any time without penalty. As of the date of this announcement, no amounts have been drawn under the facility.

    “This flexible credit facility strengthens our liquidity as we continue scaling our operations and executing our long-term growth strategy,” said Walid Khiari, CFO and COO of Brand Engagement Network. “We appreciate the support from Corps Capital Advisors and the availability of additional financial resources as we pursue key strategic initiatives.”

    The agreement includes customary terms and conditions, including events of default related to nonpayment, insolvency, and other standard financial and non-financial covenants. A copy of the agreement has been filed with the U.S. Securities and Exchange Commission.

    About Brand Engagement Network (BEN)
    Brand Engagement Network Inc. (NASDAQ: BNAI) innovates in AI-powered customer engagement, delivering safe, intelligent, and scalable solutions. Its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture enable highly personalized interactions supported by customers’ curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based or on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement. For more information, visit www.beninc.ai.

    Forward-Looking Statements
    Certain statements in this communication are “forward-looking statements” within the meaning of federal securities laws. They are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, BEN’s current expectations, assumptions, plans, strategies, and anticipated results. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.

    There are a number of risks, uncertainties and conditions that may cause BEN’s actual results to differ materially from those expressed or implied by these forward-looking statements, including but not limited to the risk factors described in Part I, Item 1A of Risk Factors in BEN’s Annual Report on Form 10-K for the year ended December 31, 2023 and the other risk factors identified from time to time in the BEN’s other filings with the Securities and Exchange Commission (the “SEC”). Filings with the SEC are available on the SEC’s website at http://www.sec.gov.

    Many of these circumstances are beyond BEN’s ability to control or predict. These forward-looking statements necessarily involve assumptions on BEN’s part. These forward-looking statements may include words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” “should,” “may,” “will,” “might,” “could,” “would,” or similar expressions. All forward-looking statements attributable to the Company or persons acting on BEN’s behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this communication. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to the Company and speak only as of the date they are made. BEN disclaims any intention or obligation to update or revise publicly any forward-looking statements.

    Media Contact 
    Amy Rouyer
    P: 503-367-7596
    E: amy@beninc.ai

    Investor Relations
    Susan Xu
    P: 778-323-0959
    E: sxu@allianceadvisors.com

    The MIL Network –

    June 10, 2025
  • MIL-OSI: EWIA launches funding offering on Conda to drive solar business in Africa

    Source: GlobeNewswire (MIL-OSI)

    • Raising capital for growth, expansion, and diversification
    • Tokenized participation certificate issuance
    • Geschäftsmodell mit dreifachem Impact

    Munich/Accra, 10 June, 2025 – EWIA Green Investments launched a new financing round today on the digital financing platform Conda (conda-capital.com). In order to raise additional equity capital for its growth strategy, the company is issuing tokenized participation certificates worth up to €2 million through a specially established special purpose vehicle (SPV). Since its founding in 2020, EWIA has become a major player in the commercial renewable energy segment in West Africa. Following the successful launch of solar financing and operation for commercial and industrial customers in Ghana, EWIA is now pushing ahead with expansion in Nigeria and Cameroon, as well as diversification into new business areas.

    “Power generation is too expensive and dirty in large parts of Africa, and blackouts are a daily occurrence,” says co-founder and managing director Ralph Schneider. ”EWIA is helping to meet Africa’s growing energy needs with clean, affordable, and reliable solar power.” In 2020, EWIA Green Investments launched in Ghana as a dedicated solar financier, helping medium-sized businesses transition from diesel generators to clean, cost-effective solar energy. By analyzing electricity demand and refinancing potential across various industries, EWIA designs tailored solar solutions that meet the specific needs of each client.Today, EWIA also installs PV systems in-house, acting as an EPC project developer responsible for engineering, procurement, and construction. A subsidiary builds solar-powered telecom towers for mobile network operators

    Triple Impact Investment

    “By transferring capital and know-how to sub-Saharan Africa, we help local businesses operate more successfully, become more competitive, and create jobs — all crucial factors for both the economic and social development of a continent with the youngest and fastest-growing population in the world,” says co-founder and managing director Timo Schäfer. “At the same time, we offer investors in Europe the opportunity to participate in the growth potential of this dynamic market.”

    With subsidiaries currently operating in three African countries, EWIA itself already employs 76 staff — including 31 women — in highly skilled roles with long-term career prospects.

    Financing growth

    With the acquisition of SunErgy GmbH in April, EWIA expanded into Cameroon, where it is electrifying entire villages. SunErgy has been licensed by the Republic of Cameroon to establish solar power supplies for 92 villages with approximately 600,000 people, as well as schools, health centers, and private and public companies in the southwestern region of the country. As part of the transaction, investment and asset manager KGAL acquired a stake in EWIA. At the same time, EWIA is pressing ahead with its expansion into the Nigerian market – the continent’s largest economy. Over the next five years, EWIA aims to expand its project portfolio to over €63 million and significantly increase its footprint in West Africa.

    Under the current offering, investors can subscribe to participation certificates in a special purpose vehicle that holds an interest in EWIA Green Investments GmbH for a minimum amount of €250 per share. The investment has no fixed term and is based on a company valuation of approximately €12.3 million.

    As with equity, investors participate in profits and in the development of the company’s value in proportion to their share equivalent. Detailed information is available at
    https://conda-capital.com/campaign/ewia-3-0-indirekte-beteiligung/.

    With the funds from the newly launched offering, EWIA aims to solidify its market position through scalable operations, a stronger team of skilled professionals, and the continued development of the EWIAFinance.de platform


    About EWIA Green Investments

    EWIA provides small and medium-sized businesses in Africa with access to clean solar energy and serves as a bridge builder to investors in Europe as well as for the transfer of technology know-how. Based in Munich, Germany, with operating entities in Ghana, Cameroon, and Nigeria, EWIA offers private and institutional investors access to attractive impact investments in the fight against climate change and for sustainable economic growth in Africa. Private investors can also invest specifically in solar projects via ewiafinance.de.

    With EWIA’s flexible full-service financing solution, companies in Africa have the opportunity to obtain solar power, financing, security and service from a single source. In the infrastructure sector, EWIA funds and constructs mobile phone communication masts and traffic monitoring systems and equips them with PV systems. www.ewiainvestments.com

    Contact for queries:

    EWIA Green Investments GmbH
    Ralph Schneider, CEO
    ralph.schneider@EWIAinvestments.com
    +49 162 1366 984

    Schwarz Financial Communication
    Frank Schwarz
    schwarz@schwarzfinancial.com
    +49 611 58029290

    Disclaimer: Not for publication in the United States, Australia, Canada, Japan, South Africa, or any other jurisdiction outside the EU, and in particular in jurisdictions that prohibit the offering or sale of these instruments.

    Risk warning: The purchase of this investment involves significant risks, including the possibility of total loss. Please inform yourself thoroughly before investing and seek professional advice. Detailed explanations can be found at Conda Capital Market.

    The MIL Network –

    June 10, 2025
  • MIL-OSI: Debt Pressure Building Up for Canadian Businesses

    Source: GlobeNewswire (MIL-OSI)

    – Delinquencies climb, credit demand dips, and regional cracks deepen –

    Equifax® Canada Market Pulse — Q1 2025 Quarterly Business Credit Trends and Insights Report

    TORONTO, June 10, 2025 (GLOBE NEWSWIRE) — After a cautiously optimistic end to 2024, Canadian businesses seem to have entered 2025 with trepidation. According to the Equifax® Canada Q1 2025 Business Credit Trends and Insights Report, delinquencies are rising for businesses across the country and credit demand is slowing, while key sectors are showing early signs of distress — especially those tied closely to consumer trends, with delinquency rates not seen since 2009.

    The Canadian Small Business Health Index1, a benchmark of business credit health and business sentiment, dropped to 99.3 in Q1 2025, a 1.5 per cent decline from the previous quarter. While still slightly above its year-ago level, the dip signals a loss of momentum following gains made late last year.

    Alongside rising delinquencies, Equifax data shows a noticeable slowdown in credit demand, as fewer businesses applied for new credit in Q1 2025, a decline of six per cent when compared to the same time period in 2024. Lower new originations and growing balances could signal growing caution among small business owners, many of whom could be choosing to manage existing debt rather than take on new risk, even with interest rates easing and inflation stabilizing.

    “The Canadian Small Business Health Index shows that business sentiment is down three per cent in Q1 2025 compared to the previous quarter,” noted Jeff Brown, Head of Commercial Solutions at Equifax Canada. “The early months of 2025 are revealing the pressures the business landscape could be facing. Many businesses are caught in a squeeze from both slowing household consumption on one hand and growing business debt stress on the other.”

    Credit Warning Signs Widen
    In Q1 2025, over 309,000 businesses — 11.3 per cent of credit active businesses — missed at least one credit payment. This marks a 14.6 per cent year-over-year increase in business delinquencies and highlights the growing financial strain across sectors.

    _______________________________

    1 The Canadian Small Business Health Index provides a holistic view of Canadian business conditions by combining data collected by Equifax Canada, Business Development Bank of Canada, Statistics Canada and the Bank of Canada.

    Accommodation & Food Services and Retail Sector Missing Payments
    The impact is particularly acute in Accommodation & Food Services, where missed payments jumped to 16.9 per cent, and in Retail Trade, where the rate hit 13.2 per cent. Both sectors are likely suffering from weak consumer spending, rising operating costs, and growing household debt levels. Average monthly consumer credit card spend2 per cardholder fell by 107 dollars during Q1, dropping to the lowest level since March 2022.

    “This seems to be a classic ripple effect,” said Brown. “Equifax data suggests when households pull back, restaurants, retailers and local service providers feel it first — and hardest. This can then travel up the supply chain, where everyone from manufacturers to transport companies feel its effects.”

    Businesses Prioritize Suppliers Over Lenders
    Delinquency trends suggest a shift in how businesses are managing limited cash flow. The 60+ day delinquency rate for financial trade (loans, lines of credit) rose from 3.0 per cent to 3.4 per cent, a 15.5 per cent increase year-over-year. In contrast, industrial trade delinquencies (typically money owed to suppliers) rose more modestly, from 5.5 per cent to 5.7 per cent.

    “Businesses are paying suppliers, but with little to spare, they may be missing banking obligation payments. This may signal that businesses are strategically recalibrating, with many businesses prioritizing supplier relationships to keep operations moving,” added Brown.

    Regional Flashpoints in PEI, Quebec, Ontario and British Colombia
    While delinquencies are rising nationwide, some provinces and industries are flashing red:

    • Ontario and British Columbia led the country in financial trade arrears, up 18.8 per cent and 19.9 per cent year-over-year, respectively.

    • Quebec and Prince Edward Island posted unusually sharp increases in industrial trade delinquencies, up 26.6 per cent and 15.9 per cent year-over-year, respectively, signaling localized stress in supplier-based credit relationships.


    Certain sectors are showing strain

    Sectors showing double-digit increases in year-over-year missed payments include Agriculture (+19.5 per cent), Transportation & Warehousing (+19.3 per cent), Real Estate (+17.0 per cent), Finance & Insurance (+16.4 per cent), and Manufacturing (+10.2 per cent).


    “Businesses across the country and across a variety of industries are showing increased vulnerabilities as broader economic uncertainty continues,” noted Brown. “Businesses will continue to need resilience and careful planning to navigate this economic environment.”

    _______________________________

    2 Average monthly consumer credit card spend comparisons have been adjusted for inflation.

    Province Analysis – 60+ days Delinquency Rates (Account Level)

    Province Delinquency Rate :
    Financial Trades
    (Q1 2025)
    Delinquency Rate
    Change: Financial
    Trades
    (Q1 2025 vs. Q1
    2024)
    Delinquency Rate:
    Industrial Trades
    (Q1 2025)
    Delinquency Rate Change:
    Industrial Trades
    (Q1 2025 vs. Q1 2024)
    Ontario 3.71% 18.85% 5.63% 4.97%
    Quebec 3.49% 13.31% 4.59% 26.55%
    Nova Scotia 2.47% 1.06% 6.19% 8.05%
    New Brunswick 2.82% 5.17% 4.73% -6.22%
    PEI 2.37% 0.34% 4.45% 15.90%
    Newfoundland 2.71% -1.15% 4.90% -12.19%
    Eastern Region 3.58% 16.67% 5.21% 12.51%
    Alberta 3.49% 8.90% 7.07% -13.30%
    Manitoba 3.10% 16.43% 4.54% -1.60%
    Saskatchewan 2.79% -0.11% 6.47% 3.36%
    British Columbia 2.94% 19.93% 6.56% -10.66%
    Western Region 3.17% 13.00% 6.50% -9.74%
    Canada 3.44% 15.50% 5.69% 3.52%
             

    * Based on Equifax data for Q1 2025

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com

    The MIL Network –

    June 10, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN meets with the Minister of Trade and Industry of Norway

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with the Minister of Trade and Industry of Norway, H.E. Cecilie Myrseth, in Oslo, Norway, on 10 June 2025.  During their meeting, Dr. Kao Kim Hourn and H.E. Cecilie Myrseth discussed recent global economic developments and sought concrete ways to strengthen trade and investment relations between ASEAN and Norway, including through increased cooperation on green transition, maritime economy, digitalization, and the development of the Work Plan to implement the ASEAN-European Free Trade Association (EFTA) Joint Declaration on Economic Cooperation.

    The post Secretary-General of ASEAN meets with the Minister of Trade and Industry of Norway appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    June 10, 2025
  • MIL-OSI USA: Congressman Raja Krishnamoorthi Re-Introduces Resolution Calling to Double Federal Funding for Career and Technical Education

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    A son of downstate Illinois, strengthening CTE programming has been a career-long priority for the Congressman

    WASHINGTON – Today, Congressman Raja Krishnamoorthi (D-IL) re-introduced a congressional resolution calling for the doubling of federal funding for career and technical education (CTE). The resolution, endorsed by the Association for Career and Technical Education, builds on years of work advocating for greater funding for CTE programs by Congressman Krishnamoorthi. This includes his 2018 bipartisan law, the Strengthening Career and Technical Education for the 21st Century Act, which reformed CTE programs for the first time in more than a decade and provided nearly $1.4 billion annually to programs across Illinois and around the country for millions of Americans.

    “The ability to adapt and evolve is what has kept American workers and our economy ahead of the curve in an increasingly competitive world,” Congressman Krishnamoorthi said. “By doubling funding for career and technical education programs, we can equip workers with in-demand skills before they enter the job market, creating an expanded pathway to the middle class and a stronger state and country. Now is the time to invest in our workforce and secure a better future for workers and our economy.”

    “Our nation relies on career and technical education (CTE) to equip students with strong skills and experiences that prepare them for meaningful and rewarding careers, boosting our economy and closing the skills gap,” ACTE Executive Director LeAnn Curry said. “ACTE is proud to endorse Congressman Krishnamoorthi’s resolution expressing the vital need for federal investments in Perkins V, which is critical to the sustainability of CTE programs nationwide. We are grateful to Congressman Krishnamoorthi for his support in CTE and for introducing this resolution that recognizes how significant these investments are for our students, our communities, and the country.” 

    During his time in Congress, Congressman Krishnamoorthi has become a leading voice in calling for expanding funding for CTE programs. In addition to his 2018 law, Congressman Krishnamoorthi has spent time traveling across Illinois to speak with labor leaders, educators, students, and workers alike on how best to improve CTE programs. Congressman Krishnamoorthi has also introduced the Opportunity to Compete Act, legislation that would ensure qualified candidates who lack a four-year college degree are not automatically dismissed by computer hiring systems.

    The full text of the resolution can be found here.

    MIL OSI USA News –

    June 10, 2025
  • MIL-OSI USA: DHS Announces It Will Forgive Failure to Depart Fines for Illegal Aliens who Self-Deport Through the CBP Home App

    Source: US Federal Emergency Management Agency

    Headline: DHS Announces It Will Forgive Failure to Depart Fines for Illegal Aliens who Self-Deport Through the CBP Home App

    lass=”text-align-center”>With a free flight, $1,000 stipend, and forgiveness of fines, illegal aliens have no excuse to stay in the United States  
    WASHINGTON — Today, the Department of Homeland Security (DHS) announced illegal aliens who self-deport through the CBP Home App will receive forgiveness of any civil fines or penalties for failing to depart the United States (U

    S

    )

     Currently an illegal alien can be fined nearly $1,000 per day they do not depart after a final deportation order

    Additionally, an illegal alien can also be fined for failing to depart in a timely manner after a voluntary departure order

    DHS has issued over 9,000 fine notices to illegal aliens for a total of almost $3 billion

    In addition, DHS has made the CBP Home Mobile App more user friendly by eliminating certain steps and making it easier than ever for illegal aliens to self-deport

      
    “If you are here illegally, use the CBP Home App to take control of your departure and receive financial support to return home,” said Secretary Kristi Noem

    “If you don’t, you will be subjected to fines, arrest, deportation and will never be allowed to return

    If you are in this country illegally, self-deport NOW and preserve your opportunity to potentially return the legal, right way

    ”   
    Illegal aliens who use the CBP Home Mobile App to self-deport also receive cost-free travel and a $1,000 exit bonus, paid after their return is confirmed through the app

    Self-deportation is the safest and most cost-efficient way to leave the U

    S

    By self-deporting, illegal aliens take control of their departure and may preserve the opportunity to come back to the U

    S

    the right and legal way in the future

       
    CBP Home is available for free on any Apple or Android device via Apple’s App Store and Google Play, or directly from DHS

    gov

    For further information, visit DHS

    gov/CBPhome

    MIL OSI USA News –

    June 10, 2025
  • MIL-OSI Europe: Written question – Reintroduction of import duties on Ukrainian products by the Commission – E-002159/2025

    Source: European Parliament

    Question for written answer  E-002159/2025
    to the Commission
    Rule 144
    Dirk Gotink (PPE)

    On 13 May 2025, ‘Politico’ reported that the Commission was planning to reintroduce import duties on Ukrainian agricultural products from 6 June 2025[1]. Import duties were suspended following the Russian invasion in 2022, with the aim of keeping Ukraine’s agricultural sector and economy afloat.

    • 1.Can the Commission say what the economic impact for Ukraine of reintroducing import duties is likely to be, in particular on its agricultural exports and fiscal position?
    • 2.Does the Commission consider it advisable to take that decision while Ukraine is actively at war, peace negotiations are ongoing, and economic support and market access are important for reconstruction and stability?
    • 3.Does the Commission agree that the reintroduction of import duties would send a signal that contradicts previous European commitments on economic integration and solidarity with Ukraine?

    Submitted: 28.5.2025

    • [1] https://www.politico.eu/article/brussels-to-tighten-ukraines-trade-access-to-eu-to-pre-war-levels/
    Last updated: 10 June 2025

    MIL OSI Europe News –

    June 10, 2025
  • MIL-OSI United Nations: Secretary-General’s opening remarks at press conference at Ocean Conference [Full q and a to come. scroll down for French]

    Source: United Nations secretary general

     

    Good morning,

    We are in Nice on a mission – save the ocean, to save our future.

    That was my message at the Conference opening yesterday, and it is the message I have carried through all my meetings.

    The ocean is the lifeblood of our planet.

    It produces half of the oxygen we breathe, nourishes billions of people, supports hundreds of millions of jobs, and underpins global trade.

    For many, the ocean is more than a source of food and livelihood.

    It shapes cultures…anchors identities… and feeds the soul.

    Yet, we are treating it like a limitless resource – pretending it can absorb our abuse without consequence.

    Every year, we see more troubling signs that our ocean is under siege.

    Fish populations are collapsing due to reckless illegal fishing and overexploitation.

    Climate change is driving ocean acidification and heating – destroying coral reefs, accelerating sea level rise, and threatening communities worldwide.

    And plastic pollution is choking marine life and infesting our food chain – ultimately ending up in our blood and even our brains.

    When we poison the ocean, we poison ourselves.

    Dear friends,

    There’s a tipping point approaching – beyond which recovery may become impossible.

    And let us be clear:

    Powerful interests are pushing us towards the brink.

    We are facing a hard battle, against a clear enemy.

    Its name is greed.

    Greed that sows doubt… denies science… distorts truth… rewards corruption… and destroys life for profit.

    We cannot let greed dictate the fate of our planet.

    That is why we are here this week: to stand in solidarity against those forces and reclaim what belongs to us all.

    Governments, business leaders, fishers, scientists…  everyone has a responsibility and a vital role to play.

    Throughout my many engagements at the Conference, I have highlighted four priorities.

    First – we must transform how we harvest the ocean’s bounty.

    It is not about fishing, it’s about how we fish.

    Sustainable fishing is not a choice – it is our only option.

    This means stronger global cooperation, strict enforcement against illegal fishing, and expanded protected areas to rebuild stocks and safeguard marine life.

    And it means delivering on the 30 by 30 target – to conserve and manage at least 30 per cent of marine and coastal areas by 2030.

    We have a moral duty to ensure future generations inherit oceans swarming with life.

    Second – we must confront the plague of plastic pollution.

    This means phasing out single-use plastics, overhauling waste systems, and boosting recycling.

    All countries must quickly finalize an ambitious, legally binding global treaty to end plastic pollution. And we hope that this will happen this year.

    Third – the fight against climate change must extend to the seas.

    For decades, the ocean has been absorbing carbon emissions and taking the heat of a warming planet.

    That comes at great cost.

    As we prepare for COP30 in Brazil, countries must present ambitious national climate action plans.

    These plans must align with limiting the rise in global temperature to 1.5 degrees Celsius;

    Cover all emissions and the whole economy;

    And in line with the commitments countries have made to accelerate the global energy transition and seize the benefits of clean power.

    Last year, for the first time, the annual global temperature was 1.5°C hotter than pre-industrial times.

    Scientists are clear: that does not mean that the long-term global temperature rise limit to 1.5 degrees is out of reach.

    It means we need to fight harder.

    The ocean depends on it – and so do we.

    I urge countries to champion ocean-based climate solutions – like protecting mangroves, seagrass beds, and coral reefs.
     
    We must also increase financial and technological support to developing countries – so that they can protect themselves from extreme weather and respond when disasters strike.

    The survival of coastal communities and Small Island Developing States depends on it.

    And fourth – we must implement the recent Agreement on Marine Biodiversity of Areas Beyond National Jurisdiction.

    The Agreement is a historic step towards protecting vast areas of our ocean.

    I congratulate the 134 countries that have signed and the 49 and counting that have ratified the Agreement – including 18 new signatures and 18 ratifications yesterday alone.

    The entry into force is within our sight.

    And I call on all remaining nations to join swiftly.

    We do not have a moment to lose.

    Finally, on seabed mining, we have a collective responsibility to proceed with great caution.

    I support the ongoing work of the International Seabed Authority on this important issue.

    As I said yesterday, the deep sea cannot become the Wild West.

    Ladies and gentlemen of the media,

    The urgency of this moment cannot be overstated.

    Ocean health is inseparable from human health, climate stability, and global prosperity.

    But I leave Nice energized and encouraged by the many pledges already made.

    Encouraged by island nations and Indigenous Peoples sharing their stories and expertise…

    Encouraged by young activists demanding action and accountability…

    Scientists developing innovative solutions for all…

    Business leaders investing in the blue economy…

    This is the global coalition we need.

    I urge everyone to step forward with decisive commitments and tangible funding.

    The ocean has given us so much.

    It is time we returned the favor.

    Our health, our climate, and our future depend on it.

    Thank you. Je vous remercie.

    ****

     

     

    Bonjour à tous,

    Nous sommes à Nice en mission : sauver l’océan – pour sauver notre avenir.

    C’était le message que j’ai porté à l’ouverture de la Conférence hier.
    Et c’est le message que j’ai répété à chacune de mes rencontres ici.

    L’océan est le poumon de notre planète.

    Il produit la moitié de l’oxygène que nous respirons… nourrit des milliards de personnes… soutient des centaines de millions d’emplois… et fait tourner le commerce mondial.

    Mais pour beaucoup, l’océan est bien plus qu’une ressource.

    Il façonne des cultures. Il ancre des identités. Il nourrit l’âme humaine.

    Et pourtant, nous le traitons comme une ressource inépuisable – comme s’il pouvait absorber nos abus sans conséquences.

    Chaque année, les signes de détresse se multiplient.

    Les stocks de poissons s’effondrent sous l’effet de la pêche illégale et de la surexploitation.

    Le dérèglement climatique provoque l’acidification et le réchauffement des océans – détruisant les récifs de corail, accélérant la montée des eaux, et mettant en péril des communautés entières.

    La pollution plastique étouffe la vie marine et contamine notre alimentation – jusqu’à se retrouver dans notre sang… et même dans notre cerveau.

    En empoisonnant l’océan, c’est nous-mêmes que nous empoisonnons.

    Chers amis,

    Nous approchons un point de bascule – au-delà duquel tout retour en arrière pourrait devenir impossible.

    Soyons clairs : des intérêts puissants nous poussent dangereusement vers le précipice.

    Nous livrons un combat difficile, contre un ennemi bien identifié.

    Son nom, c’est la cupidité.

    Une cupidité qui sème le doute… nie la science… déforme la vérité… récompense la corruption… et détruit la vie au nom du profit.

    Nous ne pouvons pas laisser la cupidité dicter le sort de notre planète.

    C’est pourquoi nous sommes ici cette semaine : pour faire front ensemble face à ces forces – et reprendre ce qui appartient à toutes et à tous.

    Les gouvernements, les chefs d’entreprise, les pêcheurs, les scientifiques… chacun a une responsabilité, chacun a un rôle vital à jouer.

    Tout au long de la Conférence, j’ai mis en avant quatre priorités.

    Premièrement – nous devons transformer la manière dont nous récoltons les richesses de l’océan.

    La question n’est pas de pêcher ou non — mais de savoir comment nous pêchons.

    La pêche durable n’est pas une option – c’est notre seule voie possible.

    Cela exige une coopération internationale renforcée, une lutte implacable contre la pêche illégale, et une extension des aires marines protégées pour reconstituer les stocks et préserver la vie marine.

    Cela implique aussi de tenir l’objectif 30-30 : protéger et gérer au moins 30 % des zones marines et côtières d’ici 2030.

    Nous avons le devoir moral de transmettre aux générations futures des océans pleins de vie.

    Deuxièmement – nous devons combattre le fléau de la pollution plastique.

    Cela signifie éliminer progressivement les plastiques à usage unique, réformer les systèmes de gestion des déchets, et renforcer le recyclage.

    Tous les pays doivent conclure rapidement un traité mondial ambitieux et juridiquement contraignant pour mettre fin à la pollution plastique. Et nous espérons que cela se produira cette année.

    Troisièmement – la lutte contre le changement climatique doit aussi se mener en mer.

    Depuis des décennies, l’océan absorbe nos émissions de carbone et la chaleur d’une planète en surchauffe.

    Cela a un prix.

    À l’approche de la COP30 au Brésil, les pays doivent présenter des plans d’action climatique nationaux ambitieux.

    Des plans compatibles avec l’objectif de limiter la hausse des températures à 1,5 °C ;

    Qui couvrent toutes les émissions et l’ensemble de l’économie ;

    Et conformément aux engagements des pays à accélérer la transition énergétique mondiale, en saisissant les opportunités offertes par les énergies propres.

    L’an dernier, pour la première fois, la température mondiale annuelle a dépassé de 1,5 °C les niveaux préindustriels.

    Les scientifiques sont clairs : cela ne signifie pas que la limite de 1,5 °C est hors de portée.

    Cela signifie que nous devons redoubler d’efforts.

    L’océan en dépend — et nous aussi.

    J’appelle les pays à soutenir les solutions climatiques basées sur l’océan — comme la protection des mangroves, des herbiers marins et des récifs coralliens.

    Nous devons aussi accroître le soutien financier et technologique aux pays en développement – pour qu’ils puissent se protéger face aux phénomènes climatiques extrêmes, et répondre rapidement quand les catastrophes frappent.

    La survie des communautés côtières et des petits États insulaires en dépend.

    Quatrièmement – nous devons mettre en œuvre l’Accord sur la biodiversité marine des zones situées au-delà des juridictions nationales.

    L’ Accord est une avancée historique pour protéger d’immenses espaces marins.

    Je félicite les 134 pays qui l’ont signé, et les 49 – et c’est pas fini – qui l’ont déjà ratifié, dont 18 signatures et 18 ratifications enregistrées hier seulement.

    L’entrée en vigueur est à notre portée.

    J’en appelle à tous les autres États pour de les rejoindre sans attendre.

    Nous n’avons pas une minute à perdre.

    Enfin, sur l’exploitation minière des fonds marins, nous avons une responsabilité collective d’agir avec une extrême prudence.

    Je salue les travaux en cours de l’Autorité internationale des fonds marins sur cette question cruciale.

    Comme je l’ai dit hier, les grands fonds ne peuvent devenir le Far West des temps modernes.

    Mesdames et Messieurs les journalistes,

    L’urgence de ce moment ne peut être exagérée.

    La santé de l’océan est indissociable de la santé humaine, de la stabilité climatique et de la prospérité mondiale.

    Mais je quitte Nice plein d’énergie et d’espoir, porté par les nombreux engagements déjà pris.

    Porté par les récits et l’expertise des nations insulaires et des peuples autochtones…

    Par la détermination des jeunes militants qui exigent des comptes…

    Par les scientifiques qui inventent des solutions pour toutes et tous…

    Et par les acteurs économiques qui investissent dans une économie bleue durable.

    C’est cette coalition mondiale dont nous avons besoin.

    J’en appelle à chacun : engagez-vous avec clarté, avec ambition, et avec des financements concrets.

    L’océan nous a tant donné.

    Il est temps de lui rendre la pareille.

    Notre santé, notre climat et notre avenir en dépendent.

    Je vous remercie.

    MIL OSI United Nations News –

    June 10, 2025
  • MIL-OSI United Nations: Kamal Kishore: We can celebrate success, but the real work starts now

    Source: UNISDR Disaster Risk Reduction

    Last week the Global Platform for Disaster Risk Reduction brought together an amazing, devoted community of disaster risk reduction practitioners from all around the world.

    Over the past four decades, since the early days of the Decade for Disaster Risk Reduction, this community has really stuck together. It’s a caring community: sensitive, solutions-oriented, increasingly inclusive.

    It’s fantastic that we can come together every few years to take stock of what we’re achieving, where we are falling short, and what we could do more of.

    Throughout the week they have shown us solutions from every corner of the world – from remote communities in Nepal to small island nations across the Pacific, Caribbean, and Indian Ocean, to flood- or drought-prone regions across the globe.

    There’s so much happening – and that is a real cause for optimism. It provides me with determination to do more.

    After reflecting on all that I’ve learnt, the discussions I’ve had and listened to, and the immense collection of experience, perspectives and wisdom that were assembled, I want to highlight three things:

    First: we are succeeding

    Disaster mortality is down 50% decade on decade.

    Over 130 countries have DRR strategies.

    That’s a scale of progress we haven’t seen in any other area of development practice. We are succeeding – and that’s rare.

    But success is fragile: Yes, fewer lives are lost – but the newer risks are shifting. Mortality risk from intensifying hazards like heatwaves, and low-frequency high-impact geophysical hazards such as earthquakes and tsunamis continues to be a cause for concern.

    We still have work to do on Target A – to reduce disaster mortality – and Target E – to put in place national and local DRR strategies.

    Strategies exist; but are they backed by funding? By legislation? Are their effects felt at local level? We must ask these tough questions – to ourselves, our communities, and our governments – so that we can find and fill the gaps.

    Success is not guaranteed to last. We need to consolidate our progress and remain alert. We have to do more.

    Second: we need to get serious about financing 

    This is the next leap: we – as DRR practitioners, as governments, as the international community – still need serious resourcing for disaster risk reduction.

    After 35 years, we still haven’t cracked this problem, and no country is immune. We need to ask, why?

    The evidence shows the value of DRR investments, but we need to make it more robust and granular, and framed in ways that can persuade potential financiers.

    In our quest for more resources, we must look at all sources: national budgets, private capital, insurance, climate finance, development aid. The investments benefit everyone, so the money must come from everywhere.

    But that raises an equally important question: how do we use this money? Do we have the systems to allocate it effectively? Very few countries have national infrastructure investment plans that are informed by risk data.

    Switzerland – our GP 2025 host – is a standout. The Swiss Government and private sector invest billions every year in disaster risk reduction and measuring outcomes. And the returns of this investment are clear: just last week, when the village of Blatten was obliterated by a landslide, triggered by glacial melting, nearly all the population, plus their livestock, were evacuated to safety thanks to early warnings and robust risk management.

    We must continue to focus on infrastructure investment planning. This Platform brought together finance ministers and planners from several countries— but let’s go further. Next time we should bring 70 finance ministers, and ask them: “What is your infrastructure investment strategy, and how is it risk-informed?”

    We must go even further, and take the discussion beyond top-level conversations, down to sector-by-sector planning, and ask, “where is the risk?”

    Our 2025 Global Assessment Report can help show where the risk is; now we need to translate those findings into strategic investments, at scale. Otherwise, our development gains will be continuously eroded.

    This next leap is also about mainstreaming risk-informed development — something we’ve talked about for two decades, but we still haven’t done enough. This means investing in humble infrastructure – homes, schools, hospitals – and not just in power, water, transport, and telecoms.

    During the GP we had a ministerial roundtable on school safety. We know how to make schools safer: in Nepal, after the 2015 earthquake, every one of the 150 retrofitted schools in Kathmandu Valley remained usable.

    And in doing all this, we must keep our promise to the Small Island Developing States, who are at the frontline of increasing climate disasters.

    Third: there is inspiration all around us

    My third point is about inspiration. What has been really inspiring at this Platform is the work of community groups, women’s groups, youth groups, local governments.

    The innovative work is happening at local levels. We need to capture and elevate these initiatives – not just to circulate in reports, but to give legitimacy, voice, and funding so these actions can be scaled.

    The future of disaster risk reduction is not just national. It’s in cities, towns, and villages.

    If we don’t reduce risk at the local level, we won’t succeed. Local actors are already taking action – they are not waiting for the UN or national governments. We must scale this work.

     

    Watch some examples of inspiring initiatives 


    To sum up: If we consolidate our progress – without taking it for granted; if we fast-track financing for DRR; and if we elevate local action, we will go far. In five years, we will be celebrating not just disaster risk reduction, but human flourishing.

    The slogan for the 2025 Global Platform has been ‘Every day counts: act for resilience today.’ We must all take that call to heart.

    The work starts now.

    We have the eight-point Geneva Call for Disaster Risk Reduction to guide us, outlined in the Global Platform Co-Chairs’ Summary.

    When asked how the Global Platform was, I say: I’ll tell you in six months – because the discussions and pledges made this week are only as good as the follow-up.

    Finally, I’d like to thank everyone who put in so much hard work that contributed to the success of the 2025 Global Platform: The Government of Switzerland and the Canton of Geneva for hosting, the Member States and ministers, UN partners, my UNDRR team, and most of all, the dedicated and tireless DRR community who joined us in Geneva and remotely.

    MIL OSI United Nations News –

    June 10, 2025
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