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Category: Economy

  • MIL-OSI Russia: HSE Wins AI Research Center Selection

    Translation. Region: Russian Federal

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

    The Higher School of Economics has become one of the winners of the third wave of research centers in the field of artificial intelligence. The HSE Center for Optimization and Adaptation of Large Fundamental Models (AI Center) will work on creating new methods and tools to make training, use, and adaptation of complex artificial intelligence models cheaper and more efficient.

    At the Russian Government Coordination Center, Deputy Prime Minister Dmitry Chernyshenko presented the results of the selection of the third wave of research centers in the field of artificial intelligence (AI). The winning universities and research organizations will receive grants to conduct research and create breakthrough world-class industry solutions.

    Dmitry Chernyshenko reported that the winners were HSE, Innopolis, ISP RAS, ITMO, MIPT, Skoltech, and for the first time, Lomonosov Moscow State University will be involved in the research.

    “Investments in AI research centers have already proven their effectiveness. The first wave of centers dealt with issues of strong, trusted, ethical artificial intelligence. The second wave is dedicated to industry research for medicine, transport, industry and smart cities. These centers create almost half of all Russian scientific groundwork in AI. President Vladimir Putin has set the task of publishing at least 450 papers at top-level conferences in the field of AI in the world by 2030 — A*. We see that investments are achieving results, so the government continues to develop such support programs,” Dmitry Chernyshenko emphasized.

    A total of 19 applications from centers from 10 regions of Russia were submitted to the competition. The centers’ programs stated key areas of foresight in fundamental and exploratory research in the field of AI, conducted in 2024: agent/multi-agent systems, elements of strong AI, fundamental and generative AI models.

    Expert support for the competitive selection and subsequent support for the implementation of research center activity programs is provided by the Strategic Agency for Support and Formation of AI Developments (SAPFIR), a project office created on the basis of the Skolkovo Foundation.

    “In 2025, the Strategic Agency for Support and Formation of AI Developments (SAPFIR), created on the basis of the Skolkovo Foundation, acted as the coordinator of the third wave of the competitive selection of research centers in the field of artificial intelligence. Each of the 7 winners will receive 676 million rubles for 2 years to conduct research in the field of strong, trusted, multi-agent artificial intelligence. Over the next 2 years, SAPFIR will focus on supporting research centers to achieve all their goals in both the scientific and commercial parts. Their activities will contribute to the creation of a technological reserve in Russia in the field of artificial intelligence, as well as attracting the best personnel of the country to the development of science in the field of artificial intelligence,” said SAPFIR Director Tatyana Soyuznova.

    The Higher School of Economics has confirmed its readiness to successfully cope with the tasks set thanks to the rich experience accumulated during the previous stages. For the period 2021–2024 HSE AI Center of the first wave has implemented more than 20 socially significant projects and about 30 initiatives for industrial partners. Initially, its activities were focused on companies with a high degree of maturity of AI technologies (IT, fintech, telecommunications), but subsequently the center managed to extend its competencies to less prepared industries, such as tourism, transport, household chemicals and genetics. This made it possible to develop solutions with prospects for scaling in industries, taking into account the priorities of the National Strategy for the Development of AI.

    The HSE AI Center’s third wave program will be aimed at creating new architectures and approaches to reduce training costs, as well as to improve the efficiency and adaptation of large fundamental models. Scientific research will cover four key areas AI foresight: architecture and algorithms of machine learning, development of fundamental and generative models, ensuring security and trust, system management and decision-making. Innovative software products will be used in the financial sector, science and education, information security and the labor market. The center’s partners include the country’s leading technology companies (Sber, VTB, Alfa-Bank, MTS Web Services, Gazprombank, T-Bank, ALMI Partner) and government agencies (the Ministry of Science and Higher Education of the Russian Federation, the Federal Service for Labor and Employment (Rostrud)).

    The head of the HSE AI Center will be Alexey Naumov, Doctor of Computer Science, Director Institute of AI and Digital SciencesHe has authored over 40 A* level AI conference publications on high dimensional probability, statistics, machine learning, reinforcement learning, and is a member of the AI Alliance scientific advisory board.

    “Our center will focus on creating fundamentally new architectures and effective methods that will significantly reduce the costs of training and operating large fundamental models of artificial intelligence, increase their performance, and expand the range of possible applications,” said Alexey Naumov. “This will allow us to get closer to creating strong artificial intelligence capable of solving the most complex problems and bringing real benefits to society and business. We actively collaborate with leading technology companies and scientific organizations, combining the efforts of the best scientists and practitioners to achieve our goals and make a significant contribution to the future of AI technologies.”

    The core of the HSE AI Center will be Institute of AI and Digital Sciences Faculty of Computer Science at HSE. Leading researchers and experts will also work on projects within the third wave Institute for Statistical Studies and Economics of Knowledge (ISSEK), Center of Language and Brain, MIEM im. A.N. Tikhonova, Labor Market Research Laboratories, International Laboratory of Intangible Assets Economy, HSE – Perm, and also Schools of Computer Science, Physics and Technology of the National Research University Higher School of Economics – Saint Petersburg.

    The HSE AI Center project office team, led by Deputy Vice-Rector Elena Kozhina, will coordinate work on projects and initiatives aimed at developing AI technologies and implementing innovative solutions in various sectors of the economy and social sphere. The project office will become a key link in the successful implementation of projects, ensure effective interaction between all participants in the processes and allow for the effective implementation of orders from industrial partners.

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

    MIL OSI Russia News –

  • MIL-OSI Global: Why Canada needs a law that gives workers the right to govern their workplace

    Source: The Conversation – Canada – By Tom Malleson, Associate Professor of Social Justice & Peace Studies, Western University

    Democratic worker co-operatives are workplaces where workers collectively own the firm and elect the governing board. (Shutterstock)

    A major fault line in contemporary society is that while our political lives are governed by democratic principles, our economic lives largely are not.

    At the height of the COVID-19 pandemic, for example, Maple Leaf Foods experienced an outbreak in its Brandon, Man. factory. Not only were workers ordered to keep working in unsafe conditions, they were forced to work overtime.

    Walmart has long been accused of forbidding its cashiers from sitting down, even during long shifts.

    At one of its warehouses in Pennsylvania, Amazon allowed the temperature to reach an unbearable 102 F in 2011. When employees pleaded to open the loading doors to let in fresh air, management refused, claiming this would lead to employee theft. Instead, Amazon parked ambulances outside and waited for employees to collapse from heat stroke. Employees who were sent home because of the heat were given demerits for missing work, and fired if they accumulated too many.

    These examples reflect the fact that, in most workplaces, employees have no say in who manages them or how major decisions are made. Entering the workplace typically means leaving the freedoms of democratic society behind and entering a private domain unilaterally controlled by an employer. For most workers who are not in senior management, the main job of every job is to follow orders. Functionally speaking, workers are servants.

    In its governance structure, the modern workplace operates as a kind of mini dictatorship. Although workplace discipline isn’t enforced with physical violence, supervisors still have the power to discipline or punish those who dissent.

    But what if there were an actual legal right to workplace democracy?

    My research scrutinized the pros and cons of such novel legislation by drawing on decades of research comparing conventional, top-down firms with democratic worker co-operatives (where workers collectively own the firm and elect the governing board).

    Why workplace democracy matters

    In large American firms, the average CEO-to-worker pay ratio is now a jaw-dropping 351 to one. As CEO, Jeff Bezos made roughly 360,000 times more than Amazon’s minimum wage workers. This inequality ripples across society with significant consequences.

    By contrast, most worker co-ops maintain a pay ratio of three to one and only very rarely exceed 10 to one.

    There’s also a stark difference in how workers are treated. While conventional firms lay off workers whenever it’s profitable to do so, co-ops do everything in their power to save jobs.

    Top-down decision-making also breeds degradation and disrespect. A 2016 Oxfam report, for instance, documented how some Tyson Foods employees were prevented from using the bathroom to the point where some urinated themselves and other felt compelled to wear diapers to work.

    A Gallup survey from 2021 found that across the American economy as a whole, only 20 per cent of workers strongly agreed with the statement that “my opinions seem to count.”

    In co-ops, workers are generally treated with more respect and dignity. They typically participate more in decision-making, have higher job satisfaction and have less antagonism with management.

    In conventional workplaces, many employees hate or fear their boss. Roughly 17 per cent of the workforce opt for self-employment in order to get away from the tyranny of the boss, even though self-employed workers typically earn about 15 per cent less than their salaried counterparts and receive less than half the benefits.

    Worker co-operatives are typically less dominating than conventional firms because workers elect their managers and can create self-managing teams where workers have more autonomy over matters like scheduling and how tasks are carried out. Though co-ops are far from perfect, with workers often feeling that they aren’t able to participate in decision-making as much as they would like.

    Most workers are trapped in undemocratic jobs

    Most workers have no viable alternative to undemocratic work, and so no choice but to suffer its harms. While in theory, workers can quit and rely on welfare or social assistance, in practice, this isn’t viable because welfare rates are often too low to live on.

    Starting a business or becoming self-employed is another theoretical option, but it’s too financially risky to be a serious alternative for most.

    Joining a worker co-operative is the most promising alternative, but there were less than 400 worker co-ops in Canada in 2022, representing less than one per cent of employment.

    Converting an existing workplace into a co-op faces serious barriers too. Even if the workers desperately want a conversion, if the employer doesn’t, they’re out of luck; their employer owns the organization and can simply say no.

    So what’s the solution?

    Canada needs a new law to expand democracy by granting workers the legal right to collectively buy into the firms they work for. The process would resemble how unionization works today.

    It would start after a majority of employees sign a declaration stating their intent to form a worker co-operative. After this threshold is reached, a formal process would be triggered: employers would be required to disclose all relevant financial documents with the workers, and workers would receive education on the managerial, technical and legal requirements of co-ops. Co-op development bankers would provide loans and financing options.

    Once this is done, workers would hold a final vote. If a simple majority (50 per cent plus one) votes in favour, the employer would be paid the fair market value for the firm and the business would be restructured as a worker co-operative.

    Importantly, the law would allow this transition even if the employer is opposed, just as collective bargaining legislation allows workers to unionize without employer approval. It would also ensure owners are fairly compensated; owners shouldn’t lose their property, but they should lose the right to unilaterally govern other human beings in perpetuity, especially when those others are willing and ready to govern themselves.

    Of course, this law might bring some economic disruption. It’s possible that certain owners might oppose democratic ownership so strongly that they would rather shut down the business altogether than work as equals, but such cases would likely be rare.

    On the other hand, research shows that worker co-ops are just as productive as conventional firms (if not more so) and they have similar survival rates. This is highly reassuring for the overall well-being of the economy.

    Moreover, workers would need to invest significant amounts of their own money in order to buy out the firm, so conversions will occur only after serious consideration.

    The bottom line is that while the costs of this legislation would likely be modest, the benefits to workers and society at large would be substantial: reduced inequality and domination, increased job security and respect. Canada should establish a right to buy-in as soon as possible.

    Tom Malleson has received funding from the Social Sciences and Humanities Research Council.

    – ref. Why Canada needs a law that gives workers the right to govern their workplace – https://theconversation.com/why-canada-needs-a-law-that-gives-workers-the-right-to-govern-their-workplace-257776

    MIL OSI – Global Reports –

  • MIL-OSI Global: Mel Stride promises the Tories won’t repeat the mistakes of Liz Truss – except they already have

    Source: The Conversation – UK – By Tim Bale, Professor of Politics, Queen Mary University of London

    It’s a mistake to think that, when it comes to the UK economy, the Conservatives have always been seen by British voters as a safer pair of hands than Labour. But, notwithstanding the damaging austerity imposed on the country by David Cameron’s chancellor, George Osborne, it was, by and large, the case between 2008 and 2022. This was a period bookended by the global financial crisis that occurred under Gordon Brown’s watch as Labour chancellor and then prime minister, and by Liz Truss’s disastrous 49-day stint in the top job.

    In reality, people were already beginning to lose faith in the Tories’ economic competence when Truss beat Rishi Sunak in the race to succeed Boris Johnson in Number 10. But she right royally trashed whatever reputation the party still had on that score and, as a result, set it on the road that led to its cataclysmic defeat at the polls last July.

    Another leadership race duly followed that election. But instead of using it as an opportunity both to conduct a thorough postmortem and issue a full-throated apology for the mess they’d made of things across a whole range of domestic policy, the candidates stayed largely in the party’s comfort zone.

    The country’s crumbling public services got hardly a mention, any acknowledgement of their dire state drowned out by discussion of immigration and taxation. The eventual winner, Kemi Badenoch, was apparently convinced that the Conservatives had lost because they “talked right but governed left”.

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

    Clearly that message doesn’t seem to have persuaded the public. The Tories are now even more unpopular than they were at the general election. They rarely break 20% in the opinion polls and consistently finish behind not just a very poorly-regarded Labour government but a surging Reform UK.

    Cue the decision by Mel Stride, a cabinet minister in Rishi Sunak’s doomed government and now Badenoch’s shadow chancellor, to issue an apology of sorts. This was, however, not an apology for the mess the Conservatives made of the country during 14 (arguably wasted) years in office – but for the month and half in which they were led by Truss.

    Sir Mel (as he is now) was never much of a fan, but he’s now taking public potshots at the former prime minister in a very well trailed speech. Apparently it was only during this short period, when Truss delivered her now legendary “mini-budget” that derailed the economy, that it all went wrong.

    “For a few weeks,” he declared, “we put at risk the very stability which Conservatives had always said must be carefully protected. The credibility of the UK’s economic framework was undermined by spending billions on subsidising energy bills and tax cuts, with no proper plan for how this would be paid for.”

    “Never again,” he continued, “will the Conservative party undermine fiscal credibility by making promises that we cannot afford.” Stride here seemed to be conveniently forgetting that, at least in the judgment of the respected Institute for Fiscal Studies, that was exactly what he and his colleagues did when they presented their manifesto to the country at last year’s general election – long after Truss had departed Downing Street.

    As such, Stride’s speech is unlikely to impress anyone. Rather than a confession of collective guilt and an acknowledgement of a pattern of behaviour stretching over years, it seeks to deflect the blame onto a one-off event and onto one already-derided individual (or maybe two if one includes the man who actually delivered the bungled mini-budget, Kwasi Kwarteng).

    Moreover, such is the presidentialised nature of British politics these days, that, unless a message is delivered by the party leader, it won’t be seen as representing its official position. Nor will it cut through to voters.

    More profoundly, Stride’s “contrition” (the closest he got to actually saying sorry) is meaningless because rather than challenge any of his party’s underlying assumptions, it actually doubles down on them.

    To stand a chance of signalling to a sceptical public that they’ve truly changed, the Tories need to break out of their essentially Thatcherite-cum-culture-warrior comfort zone. But obsessed (and in some ways understandably so) as they are with the potentially existential threat posed to them by Reform UK, that currently seems like a very distant prospect. And so, therefore, does another Tory government.

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

    – ref. Mel Stride promises the Tories won’t repeat the mistakes of Liz Truss – except they already have – https://theconversation.com/mel-stride-promises-the-tories-wont-repeat-the-mistakes-of-liz-truss-except-they-already-have-258324

    MIL OSI – Global Reports –

  • India launches ‘Ayush Nivesh Saarthi’ portal to boost investment in traditional medicine

    Source: Government of India

    Source: Government of India (4)

    In a landmark initiative to position India as a global hub for traditional medicine and wellness, the Government of India unveiled the ‘Ayush Nivesh Saarthi’ portal on May 29, 2025, during the Ayush Stakeholder/Industry Interaction Meet at Vanijya Bhawan, New Delhi. The portal was jointly launched by Union Minister of Commerce & Industry Piyush Goyal and Union Minister of State (Independent Charge) for Ayush Prataprao Jadhav, in the presence of senior officials, industry leaders, and global stakeholders, including Vaidya Rajesh Kotecha, Secretary, Ministry of Ayush, and Shri Amardeep Singh Bhatia, Secretary, DPIIT.

    The investor-centric digital platform, developed by the Ministry of Ayush in collaboration with Invest India, aims to transform India’s traditional wellness systems into a robust economic driver. Ayush Nivesh Saarthi integrates policy frameworks, incentive structures, investment-ready projects, and real-time facilitation into a single interface, designed to attract both domestic and global investors. The platform underscores India’s ambition to become a leading destination for investments in traditional systems of medicine, leveraging the sector’s 17% annual growth rate between 2014 and 2020 and growing global demand for natural and preventive healthcare.

    Speaking at the launch, Shri Piyush Goyal emphasized the sector’s openness to investment, stating, “With 100% FDI permitted in the Ayush sector through the automatic route, Ayush Nivesh Saarthi signals India’s readiness for investment, collaboration, and innovation in holistic healthcare. This portal connects investors with opportunities rooted in India’s ancient legacy of wellness, powered by a modern vision.”

    Jadhav highlighted the platform’s transformative potential, saying, “Ayush Nivesh Saarthi is more than a digital platform—it’s an enabler of transformation. It combines proactive government policies, India’s wealth of over 8,000 medicinal plant species, and a globally trusted wellness tradition. This portal empowers investors with real-time data, transparent policy guidance, and access to a vibrant, expanding market.”

    The Ayush sector plays a pivotal role in India’s USD 13 billion medical value travel (MVT) industry, ranking among the top five health services in the country. With its rich heritage and growing global appeal, the sector is a key driver of the global wellness economy. The launch of Ayush Nivesh Saarthi reinforces the government’s vision of positioning Ayush as a cornerstone of public health and economic growth, fostering foreign direct investment, empowering entrepreneurs, and showcasing India’s leadership in traditional medicine and wellness on the global stage.

  • MIL-OSI: Truxton Elevates Banking Team Leaders in Recent Promotions

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, Tenn., June 05, 2025 (GLOBE NEWSWIRE) — Truxton is pleased to announce the promotion of several distinguished members of its team, recognizing their outstanding contributions to the Truxton Banking team’s continued growth and success.

    Lindsey Heird, Lizzie McKeand, and William Benson have each been promoted to Senior Vice President, Truxton Banking. These veteran bankers have demonstrated exceptional leadership, deep industry expertise, and a continued dedication to the firm’s mission of delivering trusted financial guidance and personalized service.

    “It has been very rewarding over the last few years to watch each of these three bankers grow professionally and personally as they serve their clients and their fellow Truxton colleagues,” said Hank Stuart, Senior Managing Director of Truxton Banking. “All three work hard and enjoy their roles as trusted financial advisors. I am excited about the future of Truxton because of Lindsey, Lizzie, and William.”

    Lindsey Heird joined Truxton in 2014 as a credit analyst. Since 2015, she has operated as a relationship manager and banker providing depository and lending solutions for both individuals and businesses. Likewise, Lizzie McKeand began her career at Truxton in 2015. In 2019, she transitioned into a lending role serving wealthy families and their businesses. William Benson joined Truxton in June 2020 from CapStar Bank, where he served as Vice President of Private Banking and, before that, as a Healthcare Portfolio Manager. In these expanded leadership roles, these experienced bankers are responsible for the development and delivery of customized banking solutions for high-net-worth individuals, families, and organizations.

    Truxton is also pleased to announce the promotion of Joseph Staub, CRCM, to Vice President, Compliance. Mr. Staub joined Truxton in 2022 as a Credit Administrator before transitioning his role to focus on Compliance, overseeing and enhancing the bank’s compliance framework, ensuring regulatory excellence, and reinforcing Truxton’s commitment to integrity and sound governance. He holds accreditation from the American Bankers Association as a Certified Regulatory Compliance Manager.

    “Joseph has brought a high level of diligence, professionalism, and care to Truxton’s compliance program,” said Overton Colton, EVP, Chief Administrative and Risk Officer. “His thoughtful approach to regulatory matters and his ability to align compliance with our broader business goals make him an invaluable member of our team. We’re proud to recognize his contributions with this well-deserved promotion.”

    Additionally, Duncan McGinn has been promoted to Assistant Vice President, Truxton Banking, reflecting his strong performance and growing leadership within the organization. In addition to his role as a banker, he also serves as an Analyst for Truxton Capital Advisors, providing research and market analysis for the team.

    “Truxton is very blessed to have such wonderful people working hard here every day to help us do the right thing for each and every client,” said Tom Stumb, CEO and Chairman of Truxton. “Each one of these officer promotions are well-deserved and reflect our company’s commitment to deliver sound, thoughtful financial advice to our clients, now and always.”

    About Truxton
    Truxton is a premier provider of wealth, banking, and family office services for wealthy individuals, their families, and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com.

    The MIL Network –

  • MIL-OSI USA: Congressman Nick Langworthy Announces $9.5 Million Contract in Owego to Support Repairs of U.S. Navy Helicopters

    Source: US Congressman Nick Langworthy (NY-23)

    WASHINGTON, D.C. – Today, Congressman Nick Langworthy (NY-23) announced Lockheed Martin Rotary and Mission Systems in Owego, NY was awarded a $9.5 million contract modification to support repairs of H-60 Naval Hawk helicopters for the United States Navy. This multi-year work will be performed locally and is expected to continue through March 2029.

     

    “I am thrilled that Lockheed Martin in Owego has received this substantial contract,” said Congressman Langworthy. “Our Southern Tier workforce is the best in the nation and the opportunity to strengthen our regional economy while supporting our incredible United States Navy is a win-win.”

     

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Nick Langworthy Introduces Energy Choice Act to End Blue-State Wars on American Energy

    Source: US Congressman Nick Langworthy (NY-23)

    WASHINGTON, D.C. – Yesterday, Congressman Nick Langworthy (NY-23) and Senator Jim Justice (R-WV) introduced the bipartisan, bicameral H.R. 3699, the Energy Choice Acttoprohibit states or local governments from banning an energy service’s connection, reconnection, modification, installation, or expansion based on the type or source of energy to be delivered. Congressman Langworthy, who serves as a member of the House Energy and Commerce Committee, and as a member of the Energy and Environment subcommittees, has made protecting Americans’ energy choices a top priority.

    “Governor Hochul and Democrats in Albany have waged an extremist crusade against natural gas that’s sent home energy costs through the roof, crippled our energy supply, and left New York teetering on the edge of an energy crisis—all to satisfy the radical fantasies of the far-left climate cult. New York has been ground zero for the Green New Deal, where common sense goes to die and working families get stuck with the bill,”said Congressman Langworthy.“That’s why I’ve introduced the Energy Choice Act—to slam the brakes on these reckless, ideological mandates and restore sanity to America’s energy policy. People deserve the freedom to choose energy that is affordable, reliable, and proven—not be forced into rolling blackouts to please eco-activists who don’t live in the real world. I thank Senator Justice for introducing this bill in the Senate and urge its swift action.”

     

    “I am an energy guy from an energy-rich state. I know how important freedom of energy production is – which is why I’m proud to introduce Energy Choice Act of 2025. President Trump has stated the need to unleash American energy, and this bill helps facilitate just that. We have too great an energy crisis in this country, and we don’t have the luxury of picking the winners and losers when it comes to energy production. Americans ought to have the right to choose what is best for their energy needs,” said Senator Jim Justice.

     

    The full text of the bill can be found here. Original cosponsors of this legislation include Representatives Michael Baumgartner (R-WA), Jack Bergman (R-MI), Mike Bost (R-IL), Robert Bresnahan Jr. (R-MI), Ken Calvert (R-CA), Mike Carey (R-OH), Jeff Crank (R-CO), Chuck Edwards (R-NC), Jake Ellzey (R-TX), Brad Finstad (R-MN), Vicente Gonzalez (D-TX), Lance Gooden (R-TX), Pat Harrigan (R-NC), Clay Higgins (R-LA), Jeff Hurd (R-CO), Darin LaHood (R-IL), Michael Lawler (R-NY), Ryan Mackenzie (R-PA), Nicole Malliotakis (R-NY), Tracey Mann (R-KS), Tom McClintock (R-CA), Addison McDowell (R-NC), Mark Messmer (R-IN), Dan Meuser (R-PA), John Moolenaar (R-MI), Tim Moore (R-NC), Dan Newhouse (R-WA), August Pfluger (R-TX), John Rose (R-TX), Michael Rulli (R-OH), Jefferson Shreve (R-IN), Elise Stefanik (R-NY), Claudia Tenney (R-NY), GT Thompson (R-PA), David Valadao (R-CA), Beth Van Duyne (R-TX), Tony Wied (R-WI), Roger Williams (R-TX), Ryan Zinke (R-MT).

     

    Original cosponsors in the Senate include Senators Tommy Tuberville (R-AL) and Shelley Moore Capito (R-WV).  

     

    “Democratic-controlled states like New York are waging an all-out attack on domestic energy production, undermining Americans’ right to choose their preferred energy source. The Energy Choice Act combats these authoritarian regulations by preventing state and local governments from banning specific energy sources. To achieve true energy independence, we must ensure Americans have access to a full range of options, including natural gas,”said Congresswoman Tenney.

     

    “Montanans know the value of reliable, affordable energy, especially during winters when access to natural gas, coal, and other traditional fuels isn’t just a convenience, it’s a necessity,” said Congressman Zinke. “Heavy handed policies from places like Albany and Sacramento don’t reflect the realities of rural America, where energy diversity is vital. The Energy Choice Act is common sense legislation that defends our right to choose the energy sources that work best for our homes and businesses, and I am happy to co-sponsor it again.”

     

    “In order to achieve American energy dominance, we must utilize an all-of-the-above energy strategy that prioritizes affordability and reliability. By prohibiting states and local governments from banning a service based on the source of the energy, we can ensure that families and small businesses are not being forced to utilize more costly energy sources. I thank Rep. Langworthy for his leadership as we work to make energy more affordable and reliable for our constituents,” said Congressman Newhouse.

     

    “Energy freedom is essential to both our economy and national security,” said Congressman Mike Rulli. “Efforts by state governments to ban natural gas and other traditional energy sources not only hurt working families through higher costs but also jeopardize grid reliability – especially in regions with harsh winters like ours. I’m proud to support the Energy Choice Act and thank Congressman Langworthy for putting consumers first and ensuring that no American is forced into an energy system that doesn’t work for them or their community.”

     

    “Strengthening America’s energy independence requires an all-of-the-above energy strategy that ensures consumer demand and industry experts, not bureaucrats and extreme environmentalists, lead the expansion and delivery of energy services. Banning certain types of energy, like California and New York have tried to do, only raises prices for Americans,” said Congressman Chuck Edwards (NC-11). “The Energy Choice Act will safeguard the diversification of energy sources in our nation and make sure that Americans have access to reliable and affordable energy.”

     

    The Energy Choice Act has received wide support from federal organizations, including American Exploration and Production Council (AXPC), American Gas Association (AGA), American Public Gas Association (APGA), Americans for Prosperity (AFP), Consumer Energy Alliance (CEA), Energy Marketers of America (EMA) , GPA Midstream Association, GPSA Midstream Suppliers, Hearth, Patio & Barbecue Association (HPBA), National Association of Home Builders (NAHB), National Association of Oil and Energy Service Professionals (OESP), National Energy and Fuels Institute (NEFI), National Propane Gas Association (NPGA), Plumbing Heating Cooling Contractors – National Association (PHCC), Pool & Hot Tub Alliance (PHTA), LIBRE Initiative, Concerned Veterans for America (CVA).

    This legislation has also received support from state organizations, including Alabama Propane Gas Association, Arizona Propane Gas Association, Arkansas Propane Gas Association, Colorado Propane Gas Association, Connecticut Energy Marketers Association, Florida Propane Gas Association, Illinois Propane Gas Association, Indiana Food and Fuel Association, Iowa Propane Gas Association, Propane Gas Marketers of Kansas, Kentucky Petroleum Marketers Association, Kentucky Propane Gas Association, Louisiana Propane Gas Association, Maine Energy Marketers Association, Massachusetts Energy Marketers Association, Michigan Petroleum Association, Michigan Propane Gas Association, Mid-Atlantic Hearth, Patio & Barbecue Association, Mid-Atlantic Petroleum Distributors Association, Mid-Atlantic Propane Gas Association, MidStates Hearth, Patio & Barbecue Association, Midwest Hearth, Patio & Barbecue Association, Mississippi Propane Gas Association, Missouri Propane Gas Association, Nebraska Propane Gas Association, Energy and Convenience Marketers of Nevada, Nevada Propane Gas Association, New Mexico Propane Gas Association, North Central Hearth, Patio & Barbecue Association, Northeast Heart, Patio & Barbecue Association, Northwest Hearth, Patio & Barbecue Association, Energy Marketers Association of New Hampshire, Fuel Merchants Association of New Jersey, New Jersey Propane Gas Association, Association of Contracting Plumbers of the City of New York Inc., New York Propane Gas Association, Empire State Energy Association (ESEA), Independent Oil and Gas Association of New York (IOGANY), New York State Association of Plumbing, Heating and Cooling Contractors, New York State Energy Coalition (NYSEC), New York State Oil Producers Association (NYSOPA), North Carolina Petroleum and Convenience Marketers, North Dakota Propane Gas Association, Ohio Energy and Convenience Association, Ohio Oil and Gas Association, Ohio Propane Gas Association, Oklahoma Propane Gas Association, Oregon Hearth, Patio & Barbecue Association, Pacific Propane Gas Association, Hearth Patio & Barbecue Association Pacific, Eastern Pennsylvania Energy Association, North Eastern Pennsylvania Energy Marketers Association, Pennsylvania Independent Oil and Gas Association, Pennsylvania Petroleum Association, Southeast Hearth, Patio & Barbecue Association, South Central Pennsylvania Energy Association, South Central Hearth, Patio & Barbecue Association, Propane Gas Association of New England, Energy Marketers Association of Rhode Island, Rhode Island Business Leaders Alliance, Rocky Mountain Hearth, Patio & Barbecue Association, Rocky Mountain Propane Association, South Carolina Convenience & Petroleum Marketers Association, South Dakota Petroleum and Propane Marketers Association, Southeast Propane Alliance, Tennessee Propane Gas Association, Texas Propane Gas Association, Vermont Fuel Dealers Association, Virginia Petroleum & Convenience Marketers Association, Virginia Propane Gas Association, West Virginia Propane Gas Association, Western Propane Gas Association, Washington Independent Energy Distributors, Wisconsin Fuel and Retail Association, Wisconsin Propane Gas Association, Wisconsin Manufacturers and Commerce (WMC).

    “NEFI proudly supports the Energy Choice Act, which represents a critical step toward protecting American consumers and small businesses from government overreach in the home energy market,”said Jim Collura, President & CEO of the National Energy & Fuels Institute (NEFI), which represents wholesale and retail distributors of liquid heating fuels, primarily in the Northeast.“This bipartisan legislation ensures that decisions about home heating and cooling remain where they belong – in the hands of American families, not government bureaucrats. At a time when families are recovering from record high inflation, the last thing we need are misguided state and local policies that eliminate affordable heating options. The Energy Choice Act protects market competition, preserves consumer choice, and promotes energy affordability and reliability. We urge Congress to pass this common-sense legislation without delay.”

     

    “NAHB commends Rep. Nick Langworthy (R-N.Y.) for championing the Energy Choice Act, legislation that prohibits state and local governments from banning or limiting access to natural gas, electricity, and other energy sources. A gas ban would exacerbate the housing affordability crisis by increasing costs on new homes and placing added stress on the nation’s electrical grid. With more than 40 million U.S. households relying on natural gas for heating, cooking, and hot water, preserving access to this affordable and reliable energy source is vital for American families,”said Buddy Hughes, Chairman, National Association of Home Builders.

     

    “On behalf of millions of AFP’s grassroots activists across the country, we applaud Rep. Nick Langworthy for introducing the Energy Choice Act to ensure energy freedom throughout the United States. Regardless of where Americans live, they shouldn’t be forced to endure energy poverty. The Energy Choice Act will provide certainty, security, and assurance for much-needed permitting reform and energy infrastructure development. Rep. Langworthy’s legislation will ensure American dominance in energy and lower costs for consumers while embracing an “all-of-the-above” approach on the federal level,” said Brent Gardner, Chief Government Affairs Officer, Americans for Prosperity.

     

    “The Energy Choice Act represents a critical step in protecting consumer access to clean, affordable, and reliable energy sources like propane,”said Stephen Kaminski, President and CEO of the National Propane Gas Association. “NPGA commends Rep. Langworthy and Sen. Justice for their leadership in introducing this legislation to defend energy diversity and empowering Americans to choose the energy solutions that best meet their needs. This bill safeguards consumers from rising energy costs driven by overreaching government mandates.”

    “The American Public Gas Association (APGA) strongly supports Representative Langworthy’s Energy Choice Act. This important legislation will safeguard American consumers’ right to choose the energy that best meets their household and budget needs. Access to affordable, reliable, and efficient natural gas is essential to the success of American families, businesses, and communities. APGA applauds the bill’s sponsors for their leadership in protecting consumer choice and promoting energy affordability,” said Dave Schryver, President & CEO, APGA.

     

    “The refusal of certain state and local governments to consider policies that provide a more sustainable transition to a less carbon-intensive future, coupled with the economic burdens placed on the American people through restrictions or bans on fossil fuel heating sources, necessitates federal preemption to ensure homeowners can continue to afford living in their homes while having robust options for maintaining home comfort. The Energy Choice Act provides that recourse and PHCC supports its immediate passage,” said Dan Callies, President, Plumbing-Heating-Cooling Contractors, National Association.

     

    “Passage of this important legislation is a no brainer. We encourage House lawmakers to pass the bill immediately to restore consumer choice and support small business energy marketers across the country,”said Rob Underwood, Energy Marketers of America President.

     

    “At a time when no New Yorker is immune to statewide affordability challenges, having the freedom to choose energy solutions that work best for their homes, businesses, and communities is critical to keeping costs manageable for everyday people. The Energy Choice Act ensures we are taking an all-of-the-above approach to meeting energy needs — opening opportunities to tap into existing solutions like biofuels that advance clean energy goals, while also fostering continued innovation to build a more secure, affordable energy future. We support this commonsense legislation, thank Congressman Langworthy for his leadership, and urge House lawmakers to pass the Energy Choice Act to deliver real energy solutions for all Americans and support the small business energy marketers who help power our communities,”said Kris DeLair, Executive Director of the Empire State Energy Association.

     

    “GPA Midstream appreciates Representative Langworthy taking action to introduce legislation to protect consumer choice. New Yorkers and all Americans deserve the right to choose the energy source, such as natural gas or propane, that is reliable and best fits their budget needs,”said Stuart Saulters, VP of Federal Affairs, GPA Midstream Association.

     

    “Americans deserve reliable, affordable energy without bureaucratic roadblocks or special interests getting in the way. This bill protects consumer choice and energy innovation by ensuring that no state or local government can block access to energy sources based on political agendas or bad politics. This bipartisan bill is a common-sense step toward securing our energy future, protecting American energy jobs, and most importantly protecting the pockets of working class Americans who should not have to pay more for energy. The LIBRE Initiative is grateful for Rep. Langworthy’s leadership on this important issue,” said Helder Toste, Government Affairs Liaison, The LIBRE Initiative

     

    “Concerned Veterans for America wholeheartedly endorses Rep. Nick Langworthy’s Energy Choice Act on behalf of the members of our country’s largest veteran-led grassroots advocacy organization.  This bill will ensure energy freedom in every state and protect hardworking citizens from high energy costs created by special interests at the state level. Veterans served so that Americans are free to benefit from our nation’s ingenuity and natural abundance, and are free to live their unique American Dreams.
    The Energy Choice Act limits states’ permitting requirements and promotes a more resilient energy infrastructure. Rep. Langworthy’s legislation will ensure continued American domestic energy availability and lower costs for consumers while embracing a free market approach to energy development across the country,” said John Vick, Executive Director, Concerned Veterans for America.

    ###

     

    MIL OSI USA News –

  • MIL-OSI Canada: B.C. advancing easier ways of doing business

    Source: Government of Canada regional news

    Streamlining processes to reduce barriers, cut red tape, foster innovation and create a more supportive, business-friendly environment in B.C. are the goals as the Province launches an ease-of-doing-business review.

    “We are listening to B.C. businesses as we work to ensure our province is an easy place to do business,” said Diana Gibson, Minister of Jobs, Economic Development and Innovation. “This review will help us to continue to modernize our regulatory and permitting systems, as we secure B.C.’s position as the economic engine of Canada’s new economy.”

    Businesses are invited to share their ideas, challenges and suggestions through an online website portal until fall 2025. By involving entrepreneurs, business owners and business-sector partners in B.C., the Province will gain a clearer understanding of current on-the-ground challenges when establishing or growing a business. Information gathered throughout the review will help government establish a set of performance measurements to make it easier for companies and organizations of all sizes and sectors to do business in B.C.

    The Province has received input identifying potential challenges and barriers, canvassing insights from the business community, which have been categorized into four types: policy, legislation and regulation, funding and infrastructure, and taxes and fees.

    The review aims to simplify processes and access to services to help businesses succeed, draw more investment and improve competitiveness. It also aligns with recent legislation to ensure rapid permitting and robust regulation of renewable-energy projects, such as wind and solar. This is part of the Province’s commitment to fast-track 18 natural-resource projects to grow the economy while maintaining strong environmental standards and consultation commitments and reducing B.C.’s reliance on trade with the United States. These actions will provide more certainty around processes and timelines to help attract investment to the province by reducing costs for stakeholders.

    “Establishing a set of performance measures to track the ease of doing business will provide B.C. with a road map to reduce barriers and help set up small- and medium-sized businesses to succeed,” said Fiona Famulak, president and CEO, BC Chamber of Commerce. “What gets measured gets done. By monitoring progress, we can identify what’s working or not, improve accountability and create a more business-friendly environment.”

    The review builds on the work government has done through Better Regulations for British Columbians, which has delivered more than 4,000 regulatory amendments since 2016. This ongoing work has made for easier and quicker interactions between businesses and government services, enhancing overall accessibility and convenience.

    Quote:

    Steve Morissette, parliamentary secretary for rural development –

    “Reviewing and updating outdated policies and regulations will help reduce red tape and unlock more opportunities for rural communities. By streamlining processes, we’ll support small businesses and attract new investment, paving the way for sustainable growth and a stronger future for all of B.C.”

    Learn More:

    To learn about the ease-of-doing-business review and submit feedback, visit: https://gov.bc.ca/easeofdoingbusiness

    MIL OSI Canada News –

  • MIL-OSI USA: Governor Polis Completes State-Wide Bill Signing Tour, Signing New Laws to Reduce Housing Costs, Make Colorado Safer and Save People Money

    Source: US State of Colorado

    DENVER – Today, Governor Polis completed his 2025 bill state-wide signing tour, signing bills passed by Democrats and Republicans during the landmark 2025 legislative session. Governor Polis signed 476 bills, 87.5% of which were bipartisan, breaking down barriers to housing Coloradans can afford, increasing funding for students and teachers, enhancing public safety, saving people money, protecting the domestic and wild animals Colorado calls home, and protecting and expanding access to outdoor recreation. 

    “This session we continued delivering on our commitment to reduce the cost of living in our state by passing laws to build more housing people can afford, increase student funding to drive student success, improve public safety and more. I am proud of the progress we delivered this year and was thrilled to travel the state from Grand Junction to Alamosa, Keenesberg, Colorado Springs, Pueblo, Fort Collins and more to sign these transformational laws in the communities that make Colorado the best state in the nation to live, raise a family, and thrive,” said Governor Polis. 

    MORE HOUSING NOW: 

    IMPROVING PUBLIC SAFETY: 

    • SB25-310 – Proposition 130 Implementation: This law supports funding for local law enforcement agencies to help recruit peace officers by providing financial reimbursements and tuition assistance for initial and continuing education and training for peace officers, as well as pay incentives and bonuses. The bill also provides funding to ensure that the families of fallen officers get the support they need after losing their loved one in the line of duty.
    • HB25-1062 Penalty for Theft of Firearm: This law cracks down on gun theft by reclassifying firearm theft as a class 6 felony regardless of the value of the firearm stolen.
    • HB25-1171 – Possession of Weapon by Previous Offender Crimes: This law adds first-degree motor vehicle theft to the list of criminal offenses that would make an individual ineligible to possess a firearm.
    • SB25-281 – Increase Penalties Careless Driving: adjusts penalties for persons convicted of careless driving, making each individual seriously injured or killed in a careless driving event a separate violation and clarifies that careless driving resulting in serious bodily injury or death is an included crime for the purposes of the “Victim Rights Act”.
    • A State Budget to Make Colorado Safer: Governor Polis continues working to make Colorado safer for everyone and by signing this year’s budget, Colorado continues investing in preventing and addressing crime. This includes:
      • Youth Crime Prevention: Helping to prevent at-risk youth from entering the criminal justice system through increased funding for prevention services.
      • Community Corrections Capacity: The budget also provides $2.4 million to invest in community corrections placement, increasing capacity.
      • Supporting Crime Victims: Additionally, this budget implements Colorado’s Proposition KK, designating $30.0M in spending authority to crime victims’ services, $8 million for mental health services, and $1 million for school safety.
      • $15 million ongoing for critical public safety communication infrastructure, supporting over 1,000 local, regional, state, tribal, and federal public safety entities.
      • Funding for CBI’s Colorado Gangs Database: The Colorado Gangs database (CoG) is an application that stores gang information such as gang names, gang members, gang contacts, and is used by law enforcement as an investigative tool. It allows law enforcement the ability to add and change any information about the gangs, tracking gangs, and gang members that they contact during patrol or other investigative efforts conducted by law enforcement. This information is also queryable in the Colorado Crime Information Center (CCIC), which provides law enforcement with the most accurate information possible.
    • HB25-1146 – Juvenile Detention Bed Cap: This law allows judicial districts to utilize more juvenile detention beds to ensure that individuals deemed high-risk do not re-enter communities before receiving the rehabilitative services they need.
    • SB25-168 – Prevention of Wildlife Trafficking: This law will crack down on wildlife trafficking to keep Coloradans and wildlife safe. 

    FULLY FUND SCHOOLS AND SUPPORT COLORADO’S WORKFORCE: 

    • HB25-1320 – School Finance Act: This legislation implements Colorado’s student-focused school finance formula without bringing back the budget stabilization factor. It also increases per-pupil funding again to $11,864, an increase from FY24-25 of $412 per student, or an average of $9,000 per classroom.
    • SB25-315 – Postsecondary & Workforce Readiness Programs: This legislation realigns Postsecondary and Workforce Readiness administration and funding to ensure all students have the opportunity to graduate high school with postsecondary credit, an industry-recognized credential, or work-based learning experience.
    • HB25-1278 – Education Accountability System: This legislation modernizes Colorado’s K-12 accountability system for the first time since 2009 to better measure student outcomes, including the creation of a new sub-indicator to support postsecondary and workforce readiness before graduation.
    • HB25-1192 – Financial Literacy Graduation Requirement: This legislation ensures that every student takes a course incorporating all financial literacy standards before they graduate high school, as well as practice filling out financial aid forms so that they are equipped with the know-how to plan for and secure their financial futures.
    • HB25-1038 – Postsecondary Credit Transfer Website: This law will support students by providing more information about how their credits earned through prior learning, concurrent and dual enrollment, and GT Pathways courses will transfer to each Colorado public institution. By allowing students to evaluate and compare the value of their transfer credits across institutions and programs, students can save money and more successfully plan their educational journeys. 

    DRIVING COLORADO’S ECONOMY: 

    • HB25-1005 – Tax Incentive for Film Festivals: This legislation supports film festivals in Colorado and helped the state land the iconic Sundance Film Festival, starting in 2027, which will bring in hundreds of millions of dollars in economic benefits and thousands of jobs.
    • HB25-1021 – Tax Incentives for Employee-Owned Businesses: This law helps businesses by save more toward taxes, when they transition to employee-owned, which is good for employees and businesses.
    • HB25-1090 – Protections Against Deceptive Pricing Practices: This legislation will help eliminate fees that drive up costs and get rid of deceptive practices that make Coloradans spend more money than they want.
    • HB25-1001 – Enforcement Wage Hour Laws: This legislation combats wage theft, ensuring that more workers are paid fairly, on time, and in full. It enhances enforcement of Colorado’s wage and hour laws, disincentivizes violations, and provides the Department of Labor and Employment with new tools to prevent and address wage theft.
    • HB25-1215 – Redistribution of Lottery Fund: This legislation directs the first $4 million of the lottery fund to the outdoor equity fund, increasing outdoor recreation opportunities and protecting Colorado parks. 

    SAVING PEOPLE MONEY: 

    FREE STATE OF COLORADO: 

    BOLD CLIMATE GOALS AND IMPROVING AIR QUALITY: 

    ###

    MIL OSI USA News –

  • MIL-OSI: BCMI and XBE Announce Merger to Drive the Future of Technology in Heavy Materials and Construction

    Source: GlobeNewswire (MIL-OSI)

    The technology leaders have strategically combined their heavy materials and construction software into one powerful, integrated system – from raw materials to job site and customer experience.

    REDMOND, Wash., June 05, 2025 (GLOBE NEWSWIRE) — BCMI Corp. and XBE, trusted technology leaders in the heavy construction materials industry, are excited to announce their merger. The strategic move positions the combined company as the most comprehensive software provider in the market, with an unparalleled range of capabilities spanning ready mixed concrete, aggregates, asphalt, cement, heavy construction and heavy logistics — all supported by cloud-native, mobile-friendly, AI-enabled technology.

    Individually, each company has collaborated directly with industry thought leaders to develop widely adopted, purpose-built software. Together, the combined entity will immediately expand on existing product integrations and the companies will leverage their strengths, teams and processes to deliver more value to the industry, faster. 

    “We are truly creating a powerhouse of innovation,” says Craig Yeack, Founder and President of BCMI. “XBE and BCMI grew market share and revenue at stellar rates in 2024, propelled by their respective value delivery of critical industry technology. Our shared North Star is to accelerate the creation of cutting-edge business-critical tools for the entire industry, specifically harnessing AI.” 

    The merger is especially impactful for heavy materials producers with multiple lines of business, who will now benefit from an integrated, cloud-based platform that spans production, dispatch, logistics, jobsite delivery and customer experience. Materials producers will be able to leverage a full product suite that connects the proven solutions they already use — BCMI Ready-Mix Dispatch, Material Pro, Material Now and XBE — plus jointly developed offerings.   

    Yeack will serve as President of BCMI, and Sean Devine, Founder and CEO of XBE, will serve as CEO of the combined entity. Together, they will lead a team of more than 100 industry experts committed to driving meaningful innovation for producers, contractors and suppliers across North America.

    “Nearly half of XBE’s customers are already in the ready-mix space,” says Devine. “Joining forces with BCMI—the market leader in ready-mixed concrete technology—allows us to better serve this strategic segment with a unified, future-ready platform.”

    As part of their commitment to the industry, XBE and BCMI will maintain their focus on customer collaboration, open APIs and cloud-native, mobile-friendly technology. Enhanced offerings from the combined roadmap will be released incrementally, giving customers full control over their adoption timelines.

    Together, XBE and BCMI are building the future of heavy materials and construction technology: unified, AI-powered and customer-first.

    About BCMI 

    BCMI Corp.’s cloud-based, mobile software empowers producers of concrete, aggregates, asphalt and cement to improve business processes and strengthen customer relationships. The BCMI Platform includes concrete dispatch, CRM & quoting, invoicing, mix management, performance analytics, mobile apps for producers and contractors, eTicketing, eOrders, and ProPilot AI solutions. BCMI’s performance analytics, interactive communication tools and AI-assisted solutions keep materials producers and contractors aligned with real-time business solutions. For more on BCMI Cloud-Based Dispatch, Material Pro and Material Now apps, visit www.bcmicorp.com. 

    About XBE
    XBE’s mission is to integrate the physical and financial operations of heavy construction, bulk logistics, and bulk materials. With XBE, customers maximize profitability, reinvest in growth, and scale with confidence. XBE provides a comprehensive operations management platform that includes scheduling and resource planning, financial management, dispatch and logistics optimization, rate agreements, materials and inventory management, reporting and analytics, compliance monitoring, and collaboration tools. XBE platform products include PriceBee (pricing and quoting) and Gauge (equipment asset utilization). For more information, visit www.x-b-e.com.

    Media contact

    Jennifer Jensen
    PR & Media Specialist, BCMI Corp.
    jennifer.jensen@bcmicorp.com 

    The MIL Network –

  • MIL-OSI: Radcred Relaunches Personal Loan Marketplace to Expand Access for U.S. Borrowers With No Credit Check

    Source: GlobeNewswire (MIL-OSI)

    Glendale, June 05, 2025 (GLOBE NEWSWIRE) — Disclaimer: RadCred is not a lender and does not make credit or underwriting decisions. It is a personal loan marketplace that connects applicants with a network of licensed third-party lenders. Loan terms, rates, and approval times vary by lender and are not guaranteed by RadCred. Submitting a loan request does not guarantee approval or funding. All financial decisions should be made with care and reviewed with a financial advisor if needed. Availability of loan products may vary by state. RadCred does not charge users any fees for using the platform.

    The revamped platform aims to simplify access to personal loans by bridging the gap between consumers and vetted lenders nationwide.

    RadCred, a U.S.-based digital platform, has relaunched as a full-service personal loan marketplace. The redesigned site is built to improve access to unsecured loans and streamline connections between borrowers and direct lenders. The update expands the company’s ability to serve applicants across a wide credit spectrum, including those with bad credit scores.

    The revised platform introduces tools that allow users to submit a single application to access offers from multiple licensed lenders. Borrowers can now explore options for same-day loans, quick loan approvals, and even no credit check personal loans. This format simplifies the application process while giving consumers more control over their borrowing decisions.

    “We wanted to create a space where users, regardless of credit score, can view and compare real offers from verified lenders,” said Lara Smith, Senior Accounting Executive of RadCred. “This relaunch reflects our commitment to transparency and efficiency in personal lending.”

    Key Features of the Updated Platform

    The revamped RadCred platform introduces key features aimed at improving borrower access, especially for those seeking quick loan approval, no credit check options, or support with bad credit, while simplifying comparisons and accelerating the overall lending process.

    Broader Loan Options
    RadCred now supports unsecured personal loans ranging from $300 to $35,000. These include emergency cash advances, short-term installment plans, and options suited for debt consolidation or education-related needs. Borrowers can use the same platform to access small urgent loans or explore longer repayment terms.

    Support for Borrowers with Bad Credit
    RadCred’s network includes lenders who consider income and employment status rather than only credit score. The updated platform highlights no credit check loan categories and bad credit loan filters, enabling users to find potential options even if they have limited credit history.

    Soft Credit Inquiries
    Applicants using RadCred undergo only a soft credit check at the pre-qualification stage. This approach does not affect their credit score and helps determine basic eligibility before a formal application. Users can explore instant loan offers without risk to their credit report.

    Streamlined Application Process
    Borrowers submit a single digital application, which is securely shared with multiple lenders in RadCred’s network. The platform then presents loan offers side by side, including interest rates, fees, and repayment terms. This system allows users to evaluate multiple personalized offers efficiently.

    Faster Approval and Disbursement
    Many lenders in RadCred’s network offer quick loan approval and same day funding for eligible applicants. Those who accept an offer early in the day may receive funds in their account by the evening or the next business morning.

    Digital Lending in the Current Market

    The relaunch of RadCred comes at a time when more Americans are turning to online platforms for personal finance solutions. Rising living costs and higher interest rates on credit cards have driven demand for alternative forms of credit. According to industry reports, unsecured personal loan balances reached $232 billion in the U.S. by the end of 2023.

    Online lending has grown significantly, with platforms that offer digital-first tools and inclusive criteria gaining momentum. Consumers are seeking options that support quick access, straightforward application processes, and transparent terms, particularly those that accommodate borrowers with bad credit scores or limited borrowing history.

    RadCred’s upgraded interface addresses these needs by focusing on ease of use and lender accessibility. The company’s role as a marketplace, not a lender, ensures that users can compare multiple products in one place without bias toward a single provider.

    Roadmap and Future Development

    Looking ahead, RadCred plans to introduce additional resources for borrowers. Planned updates include:

    • AI-powered matching tools for better loan-personalization
    • Educational content about managing loan repayments
    • Partnerships with credit unions and local banks to expand lender coverage

    These changes are designed to continue improving access and supporting informed borrowing personal loan decisions.

    About RadCred

    RadCred is a personal loan marketplace based in Glendale, California. The platform connects applicants with a network of licensed lenders offering unsecured loan products. These include personal loans, emergency loans, and installment loan plans tailored to a range of credit backgrounds. RadCred is not a lender and does not make credit decisions. Its goal is to simplify the loan search process and help borrowers compare offers efficiently.

    The MIL Network –

  • MIL-OSI: Ormat Technologies Announces Strategic Leadership Changes

    Source: GlobeNewswire (MIL-OSI)

    • ORMAT EXPANDS MANAGEMENT TEAM TO SUPPORT ELECTRICITY SEGMENT GROWTH AND EGS INITIATIVES
    • ARON WILLIS APPOINTED EXECUTIVE VICE PRESIDENT, ELECTRICITY SEGMENT
    • DANIEL MOELK APPOINTED SENIOR VICE PRESIDENT, RESOURCES, DRILLING, & EGS

    RENO, Nev., June 05, 2025 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, is pleased to announce the appointment of two distinguished executives to its senior management team. These strategic appointments are poised to propel the next phase of the Company’s growth and enhance its operational excellence within the renewable energy sector.

    Aron Willis Appointed Executive Vice President, Electricity Segment

    Effective June 4, 2025, Aron Willis will assume the role of Executive Vice President, Electricity Segment at Ormat Technologies. In this capacity Aron will oversee the operations of the Electricity Segment, ensuring alignment with the Company’s strategic goals and financial targets. Aron will also be responsible for optimizing plant performance, implementing advanced AI tools, ensuring compliance with safety and environmental regulations, and driving continuous improvement initiatives to foster future growth.

    Aron brings over 25 years of extensive experience in the power generation industry, with a proven track record of leadership and financial and operational expertise. His career includes significant roles at TransAlta Corporation and Northwest Digital Power, where he demonstrated exceptional leadership in managing large-scale operations and driving substantial growth initiatives. At TransAlta Corporation, Aron held several senior leadership positions, including Executive Vice President of Project Delivery & Construction, Executive Vice President of Growth and Senior Vice President of Operations & Commercial Management. He also managed TransAlta’s Australian operations for 10 years, comprising approximately 500MW of generating capacity. Aron holds a Bachelor of Commerce degree with a major in Finance from the University of Calgary.

    Daniel Moelk Appointed Senior Vice President, Resources, Drilling & EGS

    In July 2025, Daniel Moelk will join Ormat as Senior Vice President, Resources, Drilling & EGS. Daniel will lead our Resources, Drilling, and EGS teams with a focus on implementing sophisticated processes and innovative technologies. His work will focus in part on creating efficiencies through the use and advanced AI tools and developing Ormat’s ongoing drilling and exploration global roadmap.

    Daniel brings nearly 18 years of valuable operations and drilling management experience within the geothermal industry. Most recently, Daniel served as the EVP of European Operations for Eavor Technologies Inc, a company focused on EGS development where he successfully executed some of the industry’s most challenging and complex drilling campaigns. Daniel has played pivotal roles in expanding geothermal drilling operations across his career, in particular at Steag GMBH, PT Sejahtera Alam Energy while he was located in Indonesia, Daldrup & Sohne AG, Mannvit Engineering Consultants, and Iceland Drilling Inc. Daniel holds a degree in Mechanical Engineering from the University of Iceland.

    “We are thrilled to welcome Aron Willis and Daniel Moelk to Ormat’s leadership team, where their valued backgrounds and experience will help drive the next phase of development and growth for our leading geothermal operations,” said Doron Blachar, Chief Executive Officer of Ormat Technologies. “Their extensive experience and proven track records in the power generation and geothermal industries will be invaluable as we continue to support our growth through continued innovation. These appointments reflect our commitment to strengthening our leadership team, advancing our strategic objectives for generation growth, expanding our profitability, and focusing efforts on EGS development. I am confident that Aron and Daniel, both of whom will report directly to me, will play pivotal roles in our ongoing success.”

    Blachar continued, “I also want to extend my sincere gratitude to Shimon Hatzir for his long-standing service to the Company and his exceptional leadership and dedication over the past 36 years. Shimon has made significant contributions to Ormat in various capacities, including leading our R&D and engineering division, leading wide range of technology developments, and managing the design of numerous power plants. He also led our energy storage segment, and most recently, heading the Electricity Segment including the Resource and Drilling operations I wish him all the best in his well-deserved retirement.”

    ABOUT ORMAT TECHNOLOGIES

    With six decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S.

    ORMAT’S SAFE HARBOR STATEMENT

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

    These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:
    Smadar Lavi
    VP Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com    		 Investor Relations Agency Contact:
    Joseph Caminiti or Josh Carroll
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network –

  • MIL-OSI: Free Spins No Deposit Casinos Grow in Popularity as Wild Casino Introduces 250 Free Welcome Spins Bonus Offer – WildCasino

    Source: GlobeNewswire (MIL-OSI)

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    Casino Promotions: How Online Casinos Keep Things Exciting

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    FAQ

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    Attachment

    The MIL Network –

  • MIL-OSI: DNO Raises USD 400 Million in Hybrid Bonds

    Source: GlobeNewswire (MIL-OSI)

    5 June 2025 – DNO ASA, the Norwegian oil and gas operator, today completed a private placement of USD 400 million of subordinated hybrid bonds with a coupon rate of 10.75 percent. The hybrid bonds will have the first call at 100 percent of nominal value after 5.5 years, with coupon step-up after six years and maturity in 2085. The bond placement met strong investor demand across US, Nordic and international markets and was significantly oversubscribed.

    “This first hybrid bond issue capitalizes on our 24-year flawless record in the bond market,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “Given its features, including treatment as equity not debt on DNO’s balance sheet, a hybrid bond fits well with our financing structure following closing of the Sval Energi Group AS acquisition later this month,” he added.  

    Settlement is expected on or about 17 June 2025, subject to customary conditions precedent. An application will be made to list the bonds on the Oslo Stock Exchange. Proceeds from the new bond issue will be used to refinance financial indebtedness in Sval Energi and for general corporate purposes.

    Arctic Securities AS, DNB Carnegie, part of DNB Bank ASA, and Pareto Securities AS acted as Joint Bookrunners for the transaction. AGP Advokater AS acted as legal advisor to the Company.

    –

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    –

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no

    –

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    This release does not constitute any offer or solicitation to sell or purchase any securities. 

    The release may not be released, published or distributed in the United States of America or any other jurisdiction where release, publication or distribution would be prohibited or require any registration or filing acts or similar.

    The MIL Network –

  • MIL-OSI: GROUPIRA Integrates with ASC to Streamline Automatic Rollover Data Transfer

    Source: GlobeNewswire (MIL-OSI)

    TACOMA, Wash., June 05, 2025 (GLOBE NEWSWIRE) — GROUPIRA®, INC (GROUPIRA®) a leading provider of retirement plan rollover solutions, is pleased to announce its new integration with ASC, a premier provider of retirement plan administration software. This partnership further accelerates the automatic rollover process, ensuring seamless data transmissions for TPAs.

    Through this integration, ASC users gain direct access to GROUPIRA’s robust rollover solutions, simplifying the rollover process of small-balance, terminated participant accounts. The automated process further reduces administrative burden of data transfer, and improves overall efficiency.

    At no cost to TPAs, GROUPIRA’s innovative and proprietary platform streamlines the rollover process by automating data uploads, lost participant searches, and customized distribution mailings.   By leveraging ASC’s advanced plan administration technology, GROUPIRA’s solutions will be more accessible.

    “We partner with ASC to further automate the rollover process for our TPA partners,” says [Yannis Koumantaros, Co-Founder and President] at GROUPIRA. “This integration uses advanced technology in Microsoft Azure to streamline rollover solutions, ensuring secure data transfers for TPAs and their plan sponsor clients.”

    “We understand the extraordinary efforts TPAs take to keep their clients’ plans compliant with the mandatory force out rules,” explains Alan Gould, President of ASC, “This new integration significantly decreases the amount of time and effort our TPA clients need to expend on these efforts.”

    About GROUPIRA®, INC.
    GROUPIRA®, Inc. is a pioneering financial technology company committed to bringing the benefits of 401(k) plans to IRA investors. To discover more about GROUPIRA® and its innovative solutions, visit www.groupira.com.

    About Actuarial Systems Corporation (ASC)

    ASC is an industry leader in providing innovative intelligent automation for retirement plan software. Systems include Retirement Plan Documents, DC/401(k) Recordkeeping and Administration, DB Valuation, Compliance Testing, Single Step Processing, 5500 Forms, CRMs, API & other enterprise level tools. All products share data facilitating the reduction of errors and elimination of duplicate data entry. A fully hosted, web-access option is available for all products. ASC also offers ERISA Consulting and Continuing Education.

    Media Contact:
    Jaime Unkel, VP of Sales
    jaime@groupira.com
    201.981.2155
    GROUPIRA

    Laurie Joiner
    ljoiner@asc-net.com
    818.344.2084 x110
    ACTUARIAL SYSTEMS CORPORATION (ASC)

    The MIL Network –

  • MIL-OSI: Banqup Group completes the divestment of 21grams group

    Source: GlobeNewswire (MIL-OSI)

    Press Release – Inside Information

    La Hulpe, Belgium – 5 June 2025, 7:00 p.m. CET – Inside Information – Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: UPG) (Banqup, Company), a leading provider of integrated business communications solutions, today announced the completion of the sale of all shares in the 21grams group (“21grams”) to PostNord Strålfors AB (“PostNord Strålfors”). 

    The transaction was announced on 5 July 2024 and has been completed following the fulfilment of all conditions precedent, including the approval from the Swedish Competition Authority granted on 30 May 2025.

    The transaction has been completed for a preliminary cash consideration of SEK 158,7 million, on a cash- and debt-free basis, based on an enterprise value of SEK 200 million. The final purchase price remains subject to customary post-closing adjustments, including a review of 21grams’ closing accounts. Of the total consideration, SEK 23,5 million remains in escrow for a term of nine months. In addition, SEK 48,4 million of intercompany receivables between Banqup and the 21grams group entities has been settled as part of this transaction.
    The proceeds will be used to strengthen Banqup’s balance sheet and to further reduce its net financial debt.

    In 2024, 21grams generated total revenue of € 79,4 million with a gross margin of 17,4% and a positive EBITDA of € 1,9 million.  As of 31 December 2024, 21grams employed 76 full-time equivalents across Sweden, Norway, and Denmark. The business will now operate under PostNord Strålfors’ ownership.

    As previously announced, Banqup Group and PostNord Strålfors have signed a strategic partnership agreement to accelerate the rollout of the Banqup platform across the Nordic region. Under the agreement, PostNord Strålfors will act as the exclusive distributor of Banqup in Sweden, Norway, Denmark, and Finland for a period of at least five years and will utilise Banqup’s e-invoicing infrastructure to support its corporate clients in sending e-invoices to destinations outside the Nordics. This partnership is designed to create an interconnected solution, providing broader coverage and more efficient services for clients across and beyond the Nordic region. Both parties are committed to supporting the rollout and development of the Banqup platform and to jointly strengthening the distribution network and customer support services.

    Nicolas de Beco, CEO of Banqup Group, commented: “The completion of the 21grams divestment marks another milestone in our strategic transformation into a pure-play SaaS provider and aligns with our focus on growing core digital services whilst also strengthening our balance sheet. Furthermore, the strategic partnership with PostNord Strålfors will create new opportunities, and we look forward to leveraging their extensive network to accelerate the adoption of our Banqup platform across the Nordic markets. I would like to thank our employees in the Nordics for their contributions to our company over the years.“

    Ylva Ekborn, CEO of PostNord Strålfors Group, added: “PostNord Strålfors, a full-service provider in the customer communication market, is enhancing its offerings through the acquisition of 21grams and a strategic partnership with Banqup Group. This collaboration allows us to deliver a significantly wider range of services with a strong Nordic reach. We see PostNord Strålfors and 21grams as a great match to further evolve our offerings within the customer communication management segment, and we will now focus on the integration of 21grams. Additionally, we look forward to getting to know and welcome our new colleagues onboard”.

    Financial Calendar:

    • 26 August 2025: Publication of the H1 2025 results (webcast)
    • 13 November 2025: Publication of the Q3 2025 business update

    Contacts
    Alex Nicoll                                                                                                        Rebecka Mathers
    Investor Relations                                                                                          Communications
    Banqup Group                                                                                                PostNord Strålfors Group
    alex.nicoll@unifiedpost.com                                                                       rebecka.mathers@stralfors.se

    About Banqup Group

    Banqup Group delivers integrated cloud-based SaaS solutions to streamline business transactions across the entire lifecycle, from e-invoicing and e-payments to tax reporting. Banqup, our solution for businesses, unifies purchase-to-pay, order-to-cash, e-invoicing compliance, and e-payments into one secure platform, removing the complexity of juggling disconnected tools. eFaktura World, our solution for governments, is a comprehensive digital platform designed for tax administrations to implement e-invoicing and streamline both B2G and B2B tax reporting flows. To learn more about Banqup Group and our solutions, please visit our website: Unifiedpost Group | Global leaders in digital solutions

    About PostNord Strålfors

    PostNord Strålfors simplifies the communication of invoices and vital business information between companies and their customers and partners. Our omnichannel solution enables companies and organisations to engage with customers, citizens and members through their preferred channels, while our integration solutions automate business processes.

    PostNord Strålfors is a leading actor in customer communication management and a critical part of the Nordic communication infrastructure. It handles over 1 billion transactions annually and generates SEK 2,2 billion in turnover (2024). PostNord Strålfors operates in Sweden, Norway, Denmark and Finland and is part of the PostNord Group, a leading provider of communication and logistics services in the Nordic region. For more information, go to PostNord Strålfors (stralfors.com)

    Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Banqup Group and the markets in which it is active. Such forward-looking statements are based on management’s current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, Banqup Group does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.

    Attachment

    The MIL Network –

  • MIL-OSI Economics: Microsoft helps dismantle transnational scam network targeting older adults

    Source: Microsoft

    Headline: Microsoft helps dismantle transnational scam network targeting older adults

    On May 28, 2025, India’s Central Bureau of Investigation (CBI), the country’s federal police service, executed raids at 19 locations across India to dismantle cyber-enabled financial fraud networks, including tech support fraud schemes. This operation, which disrupted a malicious enterprise impersonating Microsoft and targeting older adults in Japan, resulted in the arrest of six key operatives, the takedown of two illegal call centers, and the seizure of digital and physical infrastructure, such as computers, storage devices, digital video recorders, and phones.

    Through close collaboration with the Japan Cybercrime Control Center (JC3), a nonprofit organization dedicated to combating cybercrime in Japan, Microsoft’s Digital Crimes Unit (DCU) identified the India-based malicious ecosystem behind these scams. The DCU alerted Japan’s National Police Agency (NPA) and CBI, helping them to take decisive action against the individuals behind the operations.

    This case represents an evolution in the DCU’s disruption approach for cyber-enabled financial fraud. With the growth of cybercrime-as-a-service, connectivity among cybercriminals has increased and become more global. We must continue to look at the full ecosystem in which these actors operate and coordinate with multiple international partners to meaningfully address cybercrime. In the case of tech support fraud, where cybercriminals are increasingly using technology like artificial intelligence to scale their operations, we have transitioned away from focusing on individual call centers to targeting the highest levels of the operation and proactively disrupting their technical infrastructure. 

    The impact of cross-sector collaboration 

    Our collaboration with JC3 marked the DCU’s first partnership with a Japan-based organization to assist victims, proving crucial to the operation’s success. On an ongoing basis, JC3 provided actionable identifiers for malicious pop-ups that urged recipients to call fake technical support lines, believing they were contacting Microsoft. This information, coupled with additional threat intelligence and signals data, was then analyzed by the Microsoft Threat Intelligence Center (MSTIC), enabling Microsoft to proactively take down approximately 66,000 malicious domains and URLs globally since May 2024. The intelligence gathered was then integrated into Microsoft services to strengthen them against abuse.  

    Importantly, the information from JC3 enabled the DCU to identify the broader network behind these scams—encompassing pop-up creators, search-engine optimizers, lead generators, logistics and technology providers, payment processors, and talent providers. These actors used generative AI to scale their operations, including to identify potential victims, automate the creation of malicious pop–up windows, and perform language translations to target Japanese victims. This activity highlights the increasingly sophisticated tactics employed by cybercriminals and underscores the importance of proactive global collaboration to protect victims. 

    Examples of malicious pop-ups impersonating Microsoft. 

    Continued commitment to cybercrime prevention 

    Cyber-enabled financial fraud disproportionately targets older adults, and unfortunately, this growing trend is global. According to the FBI’s Internet Crime Complaint Center, tech support fraud was the most frequently reported crime type reported by older Americans (over 60) in 2023, resulting in nearly $590 million in losses. The Global Anti-Scam Alliance reported that, in Japan, the majority of scams target adults over the age of 45. This was consistent with what we observed in this operation, with approximately 90% of the 200 people affected being over the age of 50.

    The DCU has long been at the forefront of combatting sophisticated scams, and our ongoing collaboration with global law enforcement has led to hundreds of arrests and increasingly severe prison sentences worldwide. However, as cybercriminals continue to evolve their tactics, we too must take more aggressive action to protect those vulnerable to fraud. By leveraging cutting-edge technologies like AI and expanding collaborations with law enforcement and civil society, the DCU is intensifying its efforts to disrupt cybercrime operations from the top down. We are grateful for our ongoing collaboration partners across sectors and will continue to look for new ways to help protect people from cybercrime.

    Important: Microsoft will never send unsolicited email messages or make unsolicited phone calls to request personal or financial information, or to provide technical support to fix your computer. If you have been contacted by someone claiming to be from, or associated with, Microsoft and believe it was a scam, report the incident via our online reporting tool: microsoft.com/reportascam.  

    Doing so assists us with our ongoing investigations with law enforcement as we take appropriate action against those targeting our customers. We also use these insights to strengthen our technology to better protect consumers from fraudulent tactics. 

    For more information on how individuals can protect themselves, please visit: Protect yourself from tech support scams (microsoft.com). 

    Tags: cybercrime, Microsoft Digital Crimes Unit, The Digital Crimes Unit

    MIL OSI Economics –

  • MIL-OSI China: Xi says dialogue, cooperation only correct choice for China, U.S. 2025-06-06 00:50:48 Chinese President Xi Jinping said on Thursday that dialogue and cooperation are the only correct choice for China and the United States.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, June 5 (Xinhua) — Chinese President Xi Jinping said on Thursday that dialogue and cooperation are the only correct choice for China and the United States.

      In his phone talks with U.S. President Donald Trump, Xi said that recalibrating the direction of the giant ship of China-U.S. relations requires the two sides to take the helm and set the right course, adding that it is particularly important to steer clear of the various disturbances and disruptions.

      Noting that at the suggestion of the U.S. side, the two countries’ lead officials recently held an economic and trade meeting in Geneva, Xi said it marked an important step forward in resolving the relevant issues through dialogue and consultation, and was welcomed by both societies and the international community.

      The two sides need to make good use of the economic and trade consultation mechanism already in place, and seek win-win results in the spirit of equality and respect for each other’s concerns, he said, adding that the Chinese side is sincere about this, and at the same time has its principles.

      The Chinese, Xi said, always honor and deliver what has been promised, urging both sides to make good on the agreement reached in Geneva. In fact, China has been seriously and earnestly executing the agreement, Xi added.

      The U.S. side should acknowledge the progress already made, and remove the negative measures taken against China, he said.

      The two sides should enhance communication in such fields as foreign affairs, economy and trade, military, and law enforcement to build consensus, clear up misunderstandings, and strengthen cooperation, Xi added.

      Xi emphasized that the United States must handle the Taiwan question with prudence, so that the fringe separatists bent on “Taiwan independence” will not be able to drag China and the United States into the dangerous terrain of confrontation and even conflict.

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    MIL OSI China News –

  • MIL-OSI Global: UK looks to military gap years to boost recruitment in the face of growing geopolitical tension

    Source: The Conversation – UK – By Sarah Mills, Professor of Human Geography, Loughborough University

    Harrogate, 2019. Steve Gill – Visuals/Shutterstock

    The UK government recently endorsed proposals in its strategic defence review to consider the creation of military gap years for young people in the UK.

    It would potentially be similar to a scheme offered by the Australian Defence Force. Young Australian citizens can spend 12 months doing paid work in a variety of roles in the Navy, Army or Air Force.

    In Australia in 2023, 664 young people enlisted in the gap year programme, and 374 of these transferred on to a role in the permanent Australian Defence Force. Like in Australia, the gap year model in the UK would be optional and for over 18s to get a “taste” of military life.

    These gap years would be a part of recruitment strategy. The proposal comes at a time of global geopolitical crisis, national youth unemployment and a shortage of soldiers (a global problem).

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

    Another key reason for the introduction of these gap years, highlighted in defence secretary John Healey’s oral statement on the review, is to “reconnect the nation with those who defend us”. Keir Starmer, in his speech, spoke of “a new spirit of service, flowing from every part of society … everyone benefiting, everyone playing their role”.

    Young people are seen as a key part of building these connections. Another avenue raised in the review is to increase the number of cadet forces, a voluntary uniformed national youth organisation for teenagers that can also be linked to schools.

    An evaluation of cadet forces in the UK has outlined significant positive outcomes for young people, including for their employment and career prospects.

    Air cadets at the Lord Mayor’s Show, London, 2021.
    Sandor Szmutko/Shutterstock

    The strategic defence review also proposed “working with the Department for Education to develop understanding of the armed forces among young people in schools”, but details of this are still unclear.

    These suggestions form part of a trend towards increasing military presence in children and young people’s lives. My research has found that, over the last decade, successive UK governments have encouraged programmes with a military ethos within schools and character education to foster grit and gumption.

    Watered-down national service?

    My research shows that calls to reintroduce some form of military service appear at times of political, social or economic crisis. It’s not surprising then, that in the last few years we have seen several proposals in this area. Most notable is previous prime minister Rishi Sunak’s election pledge in 2024 that school leavers would have to do a year of compulsory military or voluntary service.

    A voluntary gap year – national service “lite” – would be a more palatable approach compared to formal conscription, which is still active in several countries.

    Starmer has been keen to distance himself from the language of national service, especially as he has also committed to introducing votes at 16: compulsory national service doesn’t poll well with young people.

    The UK has also recently scrapped its voluntary National Citizen Service, a non-military, short-term youth programme centred on local community action that has cost over £1.5 billion since 2010.

    But the fact that two successive prime ministers in the space of one year have pitched some form of military experience for school leavers tells us that this is not necessarily about benefits for youth, but about the concerning geopolitical landscape and the urgent need to boost recruits.

    In 2025 compared to the last few decades, the state’s concern is less about youth crime, apathy or patriotism, but rather growing international security threats and the nation’s preparedness.

    It is important to remember that the debate about national service in the UK is fuelled by generational nostalgia. In the UK, formal national service ran from the late 1940s to early 1960s for men aged between 17 and 21. Ever since those final troops were discharged in 1963, there has been a debate about “returning” to national service.

    Research shows that those who were actually part of compulsory national service after the second world war generally don’t think we should bring it back. This debate is cyclical, and each time it happens, it reveals what the state and adults think about young people more generally, usually shaped by moral panics.

    Would a gap year be popular?

    Given the current economic climate, it could be that a paid short-term year of military service is more attractive to UK teenagers and their CVs than ever before. However, we must reflect on why it might be so attractive in the present moment and understand the wider, structural issues shaping the lives of children and young people today.

    The costs of austerity and inequality in the UK run deep for children and young people. These issues cannot be solved by a defence focused gap year and there are other pressing demands to support young people in this country. For example, youth sector representatives are urging the UK government to reverse the long-term decline in funding on youth services.

    The impetus for a military gap year in the report is strategic defence, not unemployment. But there is no guarantee the defence sector itself will be keen to embrace this idea.

    When Sunak proposed national service last year, defence experts and ministers raised concerns about the British Army and Navy’s current capacity and resources to deliver such a programme. They also highlighted the potential impact of such a scheme on the morale of professional, dedicated and highly-skilled force personnel.

    The actual feasibility of any new programme is uncertain, especially with the current fiscal situation. One thing my research suggests is certain though, is that this national debate will circle back around again and again.

    Sarah Mills has received research funding from UKRI (ESRC), the British Academy and the Royal Geographical Society. She is currently an unpaid member of the advisory ‘College of Experts’ group of researchers for the Department of Culture, Media and Sport (UK Government) https://www.gov.uk/government/groups/dcms-college-of-experts

    – ref. UK looks to military gap years to boost recruitment in the face of growing geopolitical tension – https://theconversation.com/uk-looks-to-military-gap-years-to-boost-recruitment-in-the-face-of-growing-geopolitical-tension-258207

    MIL OSI – Global Reports –

  • MIL-OSI Global: UK brands are celebrating Eid – here’s what makes an effective and inclusive campaign

    Source: The Conversation – UK – By Afshan Jalil, PhD Candidate in Consumer Behaviour and Muslim Fashion, University of the West of Scotland

    In the run-up to Eid al-Adha – a major Muslim festival that celebrates the prophet Ibrahim’s devotion and coincides with the end of the annual Hajj pilgrimage to Mecca – UK retailers are joining the celebrations.

    Big brands like Next have launched festive collections of clothing, accessories and gifts, sharing social media messages aimed at Muslim consumers. But while this growing recognition of Eid’s commercial importance reflects a welcome shift, some campaigns still fall flat.

    As a researcher of Muslim fashion and identity in the UK, I study how Muslim consumers express themselves through clothing and how brands respond to their values. Despite a rise in Eid-related marketing, much of it feels superficial or disconnected from the community it targets.

    So, what makes for effective marketing to Muslim consumers during Eid and where do brands go wrong?

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

    Muslims account for around 6.5% of the UK population, and their economic impact continues to grow. In 2019, they contributed an estimated £31 billion to the UK economy, a figure that is rising steadily. Eid, like other major holidays such as Christmas or Diwali, drives increased spending on clothes, food, gifts and travel.

    More brands are recognising this potential. From supermarkets offering special Eid meal deals, to fashion retailers launching modest clothing lines, corporate participation is becoming more visible. This is a step forward, signalling acknowledgement of British Muslims as both part of society and valuable customers.

    Why performative marketing fails

    However, visibility alone is not enough. Eid campaigns often lean on cliches, crescent moons, calligraphy or generic Eid Mubarak messages. These may show representation, but do not necessarily demonstrate genuine cultural understanding.

    Consumer culture theory helps explain why. It shows that consumption is not just about buying products, it’s about identity, belonging and self-expression. My ongoing PhD research into Muslim fashion consumption reveals that clothing during Eid is closely tied to how people see themselves: as British, Muslim, and as individuals navigating both identities.

    This is especially true for younger Muslims. Eid is more than a religious event, it’s a chance to express identity through fashion, celebration and community. The choices they make in what to wear and where to shop reflect their values and heritage.

    When brands treat Eid as an afterthought, Muslim consumers notice. Campaigns that feel rushed, last minute, out of touch or simply performative can come across as exploitative rather than inclusive.

    Customers are frequently motivated to express their dissatisfaction with fashion businesses on social media. A brand could face public criticism if it releases new collections without involving Muslim designers, for example. In 2023, fashion retailer PrettyLittleThing also came under fire for an Eid range of clothing deemed inappropriate by many Muslims for modest dressing for women (the company said it didn’t intend to cause offence and celebrated multiple holidays as part of its attempt “to build a community of everybody”).

    Authentic engagement begins with listening

    Successful campaigns are created locally by the community rather than being run by outsiders. Brands that collaborate with Muslim content creators, seek community input and consider Eid’s traditions and significance typically deliver messages that are well received.

    Timing and action matter. Companies which prepare for Eid in advance are more likely to develop effective marketing or successful partnerships. For example, Tesco’s “Everyone’s Welcome” campaign in the UK is well known for its inclusive approach. In 2023 it launched its special Iftar range that could be bought in store and cooked for the special evening meal that marks the end of a day’s fasting during Ramadan.

    Beyond celebrations and festivals, brands that think carefully about what Muslims need, for example in sport, will more likely succeed with their messaging, because they demonstrate an understanding of cultural and identity issues. The Nike campaign featuring a Muslim athlete is frequently praised for presenting an open narrative.

    Brands like Aab and Inaya have a lot of devoted clients since they were created by designers who follow modest fashion. Their success depends more on their trust and cultural awareness than just their products alone.

    Eid al-Adha is a powerful symbol of faith, identity and community that goes beyond just a commercial opportunity. While occasion messages or seasonal messages may seem like respectful gestures, when done without real understanding, they can come across as hollow or insincere marketing. Ultimately, this can harm a brand’s reputation as people may feel disappointed.

    Around Eid al-Adha and Eid Al-Fitr, which marks the end of Ramadan, businesses and brands must go beyond token gestures. Building trust with Muslim communities requires ongoing respect and cultural knowledge, with meaningful engagement throughout the year. Authenticity, not aesthetics, is the key to forming lasting relationships with Muslim customers.

    Afshan Jalil currently serves as the Volunteer Marketing Manager for Hamilton Women Club, a community initiative for Muslim women, associated with Hamilton Mosque, South Lanarkshire UK.

    – ref. UK brands are celebrating Eid – here’s what makes an effective and inclusive campaign – https://theconversation.com/uk-brands-are-celebrating-eid-heres-what-makes-an-effective-and-inclusive-campaign-258107

    MIL OSI – Global Reports –

  • MIL-OSI Global: Four myths about ‘low-skilled’ migration busted

    Source: The Conversation – UK – By Gabriella Alberti, Professor of International Labour Migration, University of Leeds

    1000 Words/Shutterstock

    The UK government has outlined plans to reduce low-skilled migration to the country. A central aspect is linking skills and training to the immigration system. This, so the thinking goes, will mean that no industry is able to rely on immigration to fill skills gaps.

    Research I carried out with colleagues on employer strategies in the wake of Brexit shows that pitting legal routes for migrant workers against investment in the local workforce is based on flawed assumptions.

    Evidence from sectors historically reliant on migration, such as transport and storage, food manufacturing, hospitality and social care, debunks four myths about migration and the labour market that underpin the government’s immigration plans.

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

    Myth 1: migration and training

    Under-investment in skills by both employers and the state is a long-term issue of the UK deregulated economy. But the idea that employers hire migrants instead of training local workers is, to say the least, contested.

    Our research shows that migration can benefit workplace learning and incentivise employers to invest in training. We undertook a survey of employers’ practices after Brexit. Firms investing more in training, or seeking diverse workforces, tended also to be those (usually larger firms) that have financial and HR capacity to deal with migration hurdles. For small and medium-sized enterprises (SMEs) especially, this system remains costly and bureaucratic.

    Previous research showed that employers that hired migrant workers after Brexit were also more likely to invest in the domestic workforce, or in technology. The government should view the recruitment of migrants as “supplementing, not supplanting” the domestic labour force.

    Myth 2: migrants v inactive youth

    The government’s plans, as well as other narratives, tend to play migrants against NEETs (young people who are not in education, employment or training). This suggests that the growing number of these young people is caused by employers using “low-skilled” migration.

    Engaging economically inactive people and complying with a workforce strategy that prioritises training local workers are set out as strict conditions for employers hoping to recruit from abroad. Yet the theory of replacing migrants with economically inactive people is a simplistic equation.

    One main finding of our research is that young people often refuse to work in these sectors because of poor conditions rather than because employers favour migrants. Our survey found that, despite marginal pay increases and other benefits to deal with staff shortages, pay across the four sectors remains benchmarked at the minimum wage.

    This fuels high staff turnover, intensive work and insecure contracts. These factors often make the jobs unattractive. But by introducing fair pay agreements in the care sector and by financially supporting local authorities and care providers, it should be possible to attract young people.

    Improving pay and conditions must be a priority, rather than closing the care worker visa, which could be devastating for the sector.

    Myth 3: temporary migration is a sustainable option

    The government proposes raising the skills threshold and including a “temporary shortage list”. For occupations with a skills requirement below degree level, employers will be able to use the immigration system only temporarily. This is not a substantive change from the occupational temporary schemes and tweaks to the skilled worker visa by the previous government.

    Our research shows that allowing migrants entry only through a limited number of schemes has led to the crowding of visa applications into one route (for example, the care worker visa). This contributed to abuse of the system, the proliferation of bogus employers and exploitative practices.

    Our research with migrant care workers who lost their sponsoring employer highlighted barriers to finding a new sponsor. Only a small number of care providers can guarantee full-time employment.

    Overall, reactive and temporary visa schemes have proven to be negative for both workers and businesses. This is confirmed by research on seasonal migration in other sectors like agriculture.

    Only a migration system that allows workers to stay and thrive in their jobs, bring their dependants and build stable lives can reduce labour turnover. This in turn can improve productivity and lead to a long-term workforce strategy.

    Myth 4: migration damages the economy

    The government’s newly unveiled immigration system risks putting the brakes on its plan for growth. Ministers have based their new plan on the assumption that increased net migration damages the UK, referring to the decrease in GDP per capita during the increase in net migration as a measure.

    But there is plenty of evidence that leaving the European common market and external shocks like the COVID pandemic and war in Ukraine have been the cause of UK economic decline. It recorded one of the largest slowdowns in productivity among the G7 in 2023.

    In contrast, our research shows that migrants are vital not just in sectors like social care, but also in those considered “low-skilled” by the government. Workers in logistics, hospitality and food manufacturing were treated as “essential” during COVID but soon forgotten and then apparently relegated to “low-value”.

    Once upon a time they were heroes.
    Lubo Ivanko/Shutterstock

    Our research calls for a re-evaluation of these foundational sectors, as they represent the backbone of industries considered pivotal by the government’s own industrial growth strategy.

    For a joined-up approach to be truly effective, employers associations, trade unions and migrant advocacy groups, together with national and local governments must contribute to longer-term migration plans. These should consider industry needs, migrant workers’ wellbeing as well as the viability of public services and other critical sectors affected by stricter migration requirements if numbers continue to decline.

    Telling firms they need to invest in the local workforce before they can hire from abroad appears blind to the reality. Training is not a quick fix, it requires time and investment from employers and the state. And ultimately, improved pay and working conditions are likely to make these sectors more attractive to the local population.

    Gabriella Alberti receives funding from the UKRI

    – ref. Four myths about ‘low-skilled’ migration busted – https://theconversation.com/four-myths-about-low-skilled-migration-busted-258046

    MIL OSI – Global Reports –

  • MIL-OSI Global: The Tories try to blame all their woes on Liz Truss, but Mel Stride’s mea culpa is destined to fall flat

    Source: The Conversation – UK – By Tim Bale, Professor of Politics, Queen Mary University of London

    It’s a mistake to think that, when it comes to the UK economy, the Conservatives have always been seen by British voters as a safer pair of hands than Labour. But, notwithstanding the damaging austerity imposed on the country by David Cameron’s chancellor, George Osborne, it was, by and large, the case between 2008 and 2022. This was a period bookended by the global financial crisis that occurred under Gordon Brown’s watch as Labour chancellor and then prime minister, and by Liz Truss’s disastrous 49-day stint in the top job.

    In reality, people were already beginning to lose faith in the Tories’ economic competence when Truss beat Rishi Sunak in the race to succeed Boris Johnson in Number 10. But she right royally trashed whatever reputation the party still had on that score and, as a result, set it on the road that led to its cataclysmic defeat at the polls last July.

    Another leadership race duly followed that election. But instead of using it as an opportunity both to conduct a thorough postmortem and issue a full-throated apology for the mess they’d made of things across a whole range of domestic policy, the candidates stayed largely in the party’s comfort zone.

    The country’s crumbling public services got hardly a mention, any acknowledgement of their dire state drowned out by discussion of immigration and taxation. The eventual winner, Kemi Badenoch, was apparently convinced that the Conservatives had lost because they “talked right but governed left”.

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

    Clearly that message doesn’t seem to have persuaded the public. The Tories are now even more unpopular than they were at the general election. They rarely break 20% in the opinion polls and consistently finish behind not just a very poorly-regarded Labour government but a surging Reform UK.

    Cue the decision by Mel Stride, a cabinet minister in Rishi Sunak’s doomed government and now Badenoch’s shadow chancellor, to issue an apology of sorts. This was, however, not an apology for the mess the Conservatives made of the country during 14 (arguably wasted) years in office – but for the month and half in which they were led by Truss.

    Sir Mel (as he is now) was never much of a fan, but he’s now taking public potshots at the former prime minister in a very well trailed speech. Apparently it was only during this short period, when Truss delivered her now legendary “mini-budget” that derailed the economy, that it all went wrong.

    “For a few weeks,” he declared, “we put at risk the very stability which Conservatives had always said must be carefully protected. The credibility of the UK’s economic framework was undermined by spending billions on subsidising energy bills and tax cuts, with no proper plan for how this would be paid for.”

    “Never again,” he continued, “will the Conservative party undermine fiscal credibility by making promises that we cannot afford.” Stride here seemed to be conveniently forgetting that, at least in the judgment of the respected Institute for Fiscal Studies, that was exactly what he and his colleagues did when they presented their manifesto to the country at last year’s general election – long after Truss had departed Downing Street.

    As such, Stride’s speech is unlikely to impress anyone. Rather than a confession of collective guilt and an acknowledgement of a pattern of behaviour stretching over years, it seeks to deflect the blame onto a one-off event and onto one already-derided individual (or maybe two if one includes the man who actually delivered the bungled mini-budget, Kwasi Kwarteng).

    Moreover, such is the presidentialised nature of British politics these days, that, unless a message is delivered by the party leader, it won’t be seen as representing its official position. Nor will it cut through to voters.

    More profoundly, Stride’s “contrition” (the closest he got to actually saying sorry) is meaningless because rather than challenge any of his party’s underlying assumptions, it actually doubles down on them.

    To stand a chance of signalling to a sceptical public that they’ve truly changed, the Tories need to break out of their essentially Thatcherite-cum-culture-warrior comfort zone. But obsessed (and in some ways understandably so) as they are with the potentially existential threat posed to them by Reform UK, that currently seems like a very distant prospect. And therefore, with or without Stride’s mea culpa, so does another Tory government.

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

    – ref. The Tories try to blame all their woes on Liz Truss, but Mel Stride’s mea culpa is destined to fall flat – https://theconversation.com/the-tories-try-to-blame-all-their-woes-on-liz-truss-but-mel-strides-mea-culpa-is-destined-to-fall-flat-258324

    MIL OSI – Global Reports –

  • MIL-OSI Russia: China’s Vice Premier Calls for Fair, Safe Gaokao

    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

    TAIYUAN, June 5 (Xinhua) — Chinese Vice Premier Ding Xuexiang inspected preparations for China’s national college entrance examination, known as the gaokao, and work on advancing energy sector reform in north China’s Shanxi Province from June 3 to 4, stressing the need to maintain fairness and ensure safety in the gaokao.

    Visiting the Shanxi Provincial Entrance Examination Administration Center and a middle school examination center in Taiyuan City, Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, said that the gaokao is of key significance to the national economy and people’s well-being, directly affecting the interests of millions of families. He called for upholding the vital principle of fairness and justice in the reform of the college entrance examination and admissions system and the organization of the gaokao.

    In addition, the Chinese vice premier stressed the importance of strict security for examination questions, taking measures against cheating, and providing comprehensive support to students.

    Ding Xuexiang also visited the Shanxi Institute of Applied Science and Technology, calling on the school to adapt to the new situation of the country’s industrial modernization, train highly qualified personnel required for socio-economic development, and increase employment support for graduates. –0–

    MIL OSI Russia News –

  • MIL-OSI USA: Lummis Celebrates Bowman Confirmation, Brighter Future for Digital Assets 

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    June 5, 2025

    Washington, D.C. —  U.S. Senator Cynthia Lummis (R-WY) released the following statement celebrating Michelle “Miki” Bowman’s confirmation as Vice Chair of Supervision at the Federal Reserve Board.
    “I’m thrilled that the Senate has confirmed Miki Bowman as Vice Chair of Supervision at the Federal Reserve,” said Lummis. “Her confirmation represents a turning point for digital assets and brings much-needed balance and accountability to Fed banking supervision. Miki’s commitment to evidence-based regulation over political considerations will strengthen America’s financial system. I’m excited to see the positive impact she’ll have in this crucial role.”

    MIL OSI USA News –

  • MIL-OSI Video: Reorienting How the U.S. Pursues Geopolitics

    Source: United States of America – Department of State (video statements)

    “One of the priorities of this administration under @POTUS is to reorient the way we pursue geopolitics to take into account for the fact that you can never be secure as a nation unless you’re able to feed your people, and unless you’re able to make the things that your economy needs in order to function and ultimately to defend yourself” – Secretary of State Marco Rubio at the American Compass Gala on June 3, 2025
    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

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    https://www.youtube.com/watch?v=lpvm_1eQWUQ

    MIL OSI Video –

  • MIL-OSI USA: Jayapal Statement on Trump Travel Ban 2.0

    Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

    WASHINGTON – U.S. Representative Pramila Jayapal (WA-07), Ranking Member of the Immigration Integrity, Security, and Enforcement Subcommittee, released the following statement regarding the Trump Administration’s newly announced travel ban:

    “There are a myriad of reasons that people come to the United States, from travel and tourism to fleeing violent and dangerous situations. This ban, expanded from Trump’s Muslim ban in his first term, will only further isolate us on the world stage.

    “This discriminatory policy, which limits legal immigration, not only flies in the face of what our country is supposed to stand for, it will be harmful to our economy and our communities that rely on the contributions of people who come to America from this wide range of countries. Banning a whole group of people because you disagree with the structure or function of their government not only lays blame in the wrong place, it creates a dangerous precedent. Further, banning people fleeing dangerous countries like Afghanistan — a country where many people are in danger due to their work assisting the U.S. military — the Congo, Haiti, and Sudan will only further destabilize global security.

    “Trump is indiscriminately taking a chainsaw to our government — destroying federal agencies that keep us safe, indiscriminately cutting jobs, and hindering our progress across research fields. This will only further hurt our country and cannot be allowed to stand.”

    This travel ban fully restricts and limits the entry of nationals from 12 countries: Afghanistan, Burma, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen.

    The Travel Ban partially restricts entry of people from seven countries: Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan, and Venezuela.

    Jayapal is a cosponsor of the NO BAN Act, legislation to prevent this exact type of discriminatory travel ban, as well as the lead sponsor of the Access to Counsel Act, to ensure that U.S. citizens, green card holders, and other individuals with legal status can consult with an attorney, relative, or other interested parties to seek assistance if they are detained for over an hour by Customs and Border Protection (CBP). She originally wrote this legislation following the first Muslim Ban in 2017, as legal residents were held at points of entry. 

    Issues: Immigration

    MIL OSI USA News –

  • MIL-OSI Economics: Hong Kong (China SAR) card payments market to reach nearly $170 billion in 2025, forecasts GlobalData

    Source: GlobalData

    Hong Kong (China SAR) card payments market to reach nearly $170 billion in 2025, forecasts GlobalData

    Posted in Banking

    The Hong Kong (China SAR) card payments market is forecast to grow by 4.5% to reach HKD1.32 trillion ($168.4 billion) in 2025, supported by a constant consumer shift towards non-cash payments, according to GlobalData, a leading data and analytics company.

    GlobalData’s Payment Cards Analytics reveals that Hong Kong saw a growth of 15.7% in card payments value in 2023, driven by the rise in consumer spending. The market continued its growth trajectory with 7.4% growth to reach HK$1.26 trillion ($161.2 billion) in 2024. However, the current global uncertainty as a result of the latest US tariffs can pose a challenge for Hong Kong’s overall economic growth, resulting in a slowdown in the overall card payments value in 2025.

    Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “The Hong Kong payment card market is mature, supported by consistent efforts by the government to promote electronic payment methods, the launch of digital-only banks, and the development and expansion of payment acceptance infrastructure. Consumers are now switching from cash purchases in favor of electronic payments. This shift in consumer behavior signals a move away from conventional payment methods like cash to embrace digital alternatives, thereby benefiting card payments.”

    A well-developed payment infrastructure has supported the overall card payments growth, with POS terminal penetration per 1 million individuals standing at 27,252 in 2024, one of the highest in the Asia-Pacific (APAC) region.

    Sharma adds: “The growth of card payments has also been supported by high adoption and usage of contactless cards, supported by strong penetration and awareness of contactless cards among consumers and merchants in Hong Kong. Consumers and financial institutions alike have embraced the technology, with widespread acceptance infrastructure being the major reason why the cards are popular.”

    Rising usage of contactless payments for public transport payments is also contributing to the growth of card payments. In November 2021, Golong International Technology Company entered into a partnership with the French firm Thales to upgrade the payment system for Hong Kong Tramways. This modernized electronic payment system was successfully deployed across all regular passenger trams by June 2023. The system accepts 12 payment methods, including contactless credit cards and QR codes, supplementing the two previously available options: the Octopus card and cash.

    Among the card types, Hong Kong consumers strongly favor credit and charge cards over debit cards. This can be attributed to value-added benefits such as cashback, discounts, reward programs, and instalment payment plans offered by banks and financial institutions. Although debit cards are traditionally preferred for cash withdrawals, they are now increasingly being used for payments as well – especially low-to-medium value transactions.

    Sharma concludes: “Looking ahead, the total card payments market in Hong Kong is expected to continue its upward trajectory, driven by ongoing government initiatives, well-developed payment infrastructure, and a consumer shift towards electronic payments. The market is expected to grow at a CAGR of 5.3% between 2025 and 2029 to reach HKD1.62 trillion ($207.1 billion) in 2029.”

    MIL OSI Economics –

  • MIL-OSI Russia: IMF and AUC wrap up First MENA Economic Research Conference: Steering Macroeconomic and Structural Policies in a Shifting Global Economic Landscape

    Source: IMF – News in Russian

    June 5, 2025

    Cairo: Following two days of high-level dialogue and expert analysis, the inaugural IMF MENA Economic Annual Research Conference co-organized by the International Monetary Fund (IMF) and the American University in Cairo, concluded with a strong call for coordinated, evidence-based policy responses to the region’s old and new pressing economic challenges. Held on May 18–19, 2025, the conference served as a critical platform for advancing rigorous research tailored to the realities of the Middle East and North Africa. It brought together global policymakers, academics, government officials and thought leaders to bridge the discussion on global economic issues with regional realities. The event marked a first-of-its-kind collaboration between the IMF and a leading university in the region, reflecting a shared commitment to deepening the link between academic research and policy development.

    Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, noted that trade tensions and increasing uncertainty affecting the global economy, alongside ongoing regional conflicts and climate risks, are creating new layers of complexities for MENA policymakers. Azour called for building a regional platform for dialogue and exchange of ideas that connects MENA to world-class research centers to provide reliable analysis and develop workable and innovative policy responses to old and new economic issues facing the region. “We are deeply grateful to President Ahmad Dallal and AUC for their commitment to fostering dialogue, research, and policy innovation in the region.”

    AUC President Ahmad Dallal highlighted the event’s role as a vital platform in fostering collaboration between governments, academia and the private sector. “This is about generating ideas that are globally informed but deeply rooted in the realities of our region,” he noted. Dallal affirmed that this type of multi‑stakeholder engagement is at the heart of AUC’s mission and reflects the University’s commitment to research, education, and open dialogue as drivers of stability, resilience, and inclusive growth.

    Under the theme “Steering Macroeconomic and Structural Policies in a Shifting Global Economic Landscape,” discussions centered on four pivotal issues shaping the future of the MENA region and the global economy:

    • Fiscal Policy: With public debt at historic highs, experts stressed the importance of rebuilding fiscal buffers while tackling social inequalities, aging populations, and climate pressures. Proposals included reforms in fiscal frameworks and measures to mobilize revenues including through multinational taxation and more progressive tax systems.
    • Monetary Policy: Participants reflected on the lessons of recent inflationary shocks, emphasizing the need for more preemptive and well communicated policy responses to global shocks and sector-specific disruptions—particularly for emerging markets.
    • Industrial Policy: Speakers examined the renewed interest in industrial policy as a tool to drive inclusive growth, innovation, and climate resilience. The discussion highlighted the need to balance vertical strategies with horizontal reforms that promote private investment, trade integration, and productivity.
    • Green Transition and AI: The intersection of climate action and digital transformation sparked debate about their potential to reshape labor markets. Recommendations included investing in human capital, developing targeted safety nets, and aligning policy tools to support job creation in low-emission sectors.

    Throughout the sessions, there was a clear consensus that the MENA region’s economic resilience depends on institutional reforms, cross-border cooperation, and investment in skills and innovation. Participants also underscored the importance of embedding policy in local realities—an approach that both the IMF and AUC pledged to champion moving forward.

    In addition to prominent global and regional academics, as well as economists and government officials from across the region, and representatives of international and regional organizations, the conference brought together policymakers, including Rania El Mashat, minister of planning, economic development and international cooperation, Egypt; Youssef Boutros-Ghali, member of the Specialized Council for Economic Development, Egypt; Mahmoud Mohieldin, United Nations special envoy on financing the 2030 Sustainable Development Agenda; and Martin Galstyan, governor of the Central Bank of Armenia.

    As Nigel Clarke, IMF Deputy Managing Director concluded, “This conference is a milestone demonstrating the IMF’s commitment to deepening engagement with the research and academic community, as we strive to ensure that the IMF support is not only responsive to the needs of member countries, but also built on rigorous tested analytics and importantly, it’s aligned with local realities. Through this kind of multi-stakeholder dialogue, we aim to better understand how all our expertise and resources can be directed towards the most pressing challenges of the region.”

    Visit the conference website for more details and to rewatch Day 1 and Day 2 of the discussions.

    Founded in 1919, The American University in Cairo (AUC) is a leading English-language, American-accredited institution of higher education and center of the intellectual, social, and cultural life of the Arab world. It is a vital bridge between East and West, linking Egypt and the region to the world through scholarly research, partnerships with academic and research institutions and study abroad programs.

    The University offers 39 undergraduate, 52 master’s and two PhD programs rooted in a liberal arts education that encourages students to think critically and find creative solutions to conflicts and challenges facing both the region and the world.

    An independent, nonprofit, politically non-partisan, non-sectarian and equal opportunity institution, AUC is fully accredited in Egypt and the United States.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

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

    https://www.imf.org/en/News/Articles/2025/06/04/pr25180-imf-auc-wrap-up-1st-mena-conf-macroecon-structural-policies-shifting-global-econ-landscape

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI United Nations: 5 June 2025 Donors making a difference: cholera

    Source: World Health Organisation

    Cholera is a severe diarrhoeal disease that can be fatal within hours if not treated. Quick access to treatment is therefore crucial. Researchers estimate that there are 1.3 to 4 million cases and 21 000 to 143 000 deaths from cholera worldwide each year, with cases surging since 2021. Over 40 countries reported cases last year, and WHO estimates that 1 billion people are directly at risk.

    Cholera remains a global public health threat closely linked to inequality and inadequate social and economic development. Access to safe water, basic sanitation and hygiene are essential to prevent cholera and other waterborne diseases.

    WHO works to improve prevention and control of cholera globally, as well as increase awareness. WHO and partners also support research for the development of innovative strategies to prevent and control cholera.

    Below are some examples of how WHO is collaborating with governments and partners across the world, with critical financial support from donors, to prevent and control cholera.

    WHO and the French Development Agency strengthen emergency community responses to cholera in Democratic Republic of Congo

    WHO and the French Development Agency launch a cholera response project in Haut-Katanga to strengthen emergency community responses.
    Photo by: WHO/Joel Lumbala

    WHO, in partnership with the French Development Agency, has launched a catalytic US$ 392 000 project, working closely with the health authorities of Haut-Katanga and the National Program for the elimination of cholera and the fight against other diarrheal diseases.

    This project aims to drastically reduce the risk of cholera epidemics in this southeastern province of the Democratic Republic of Congo. The project will provide medical supplies, improve infection prevention and control, install 40 oral rehydration points and build two semi-durable isolation treatment centres in the Kafubu and Kipushi health zones.

    Over six months, the project will train 50 registered nurses and 140 community health workers in integrated disease surveillance and response, while raising awareness amongst the population on good hygiene practices. The health zones will also be empowered to locally produce liquid chlorine (bleach) to facilitate the decontamination of households affected by suspected cases of cholera, the treatment of drinking water and medical needs in health facilities. Solar kits and reagents will be available for 6 months.

    Read the full story (in French)

    Angola reinforces actions to end cholera with WHO support

    Deploying rapid response teams, training health personnel, establishing cholera treatment centres and units, providing safe drinking water, intensive community engagement, and the rollout of targeted vaccination campaigns is part of the urgent response measures against cholera. Photo by: WHO/Angola

    Since the onset of a cholera outbreak in Angola in January 2025, more than 14 000 cases and 505 associated deaths have been reported. Around 50% of the cases affected people under 20 years.

    The Ministry of Health, in close coordination with WHO and other development partners, carried out a series of urgent response measures. These included deploying rapid response teams, training health personnel, establishing cholera treatment centres and units, providing safe drinking water, intensive community engagement, and the rollout of targeted vaccination campaigns.

    In addition, health authorities, with support from WHO and United Nations Children’s Fund (UNICEF), mapped and treated the country’s main water access points. In early 2025, 28 public health officials from 15 municipalities in five of the most affected provinces were trained in mapping water sources. Nearly 320 water sources were mapped, improving access to treated water for people, particularly in Luanda and Icolo e Bengo provinces, which account for around 94% of cholera cases and 15% of related deaths in the country.

    Read the full stories here and here

    How WHO is supporting cholera outbreak response in Sudan

    A child receives oral cholera vaccine in Baqa’a shelter for internally displaced people in Gedaref, October 2024. Photo by: WHO/Omer Tarig

    The Federal Ministry of Health of Sudan declared a cholera outbreak on 12 August 2024, following the confirmation of cases in Kassala State. Heavy rains, flooding, overcrowding, and limited access to clean water in displacement sites and within communities contributed to the rapid spread of the disease. As of 18 January 2025, the outbreak had affected 84 localities across 11 states, with more than 51 300 cases and 1 359 deaths reported.

    As part of the response, the Federal Ministry of Health, with support from WHO and UNICEF, has conducted oral cholera vaccination campaigns in 8 states, reaching 7.4 million people.

    WHO is supporting the outbreak response through comprehensive health interventions that include strengthening surveillance, deployment of rapid response teams for swift investigation of alerts, case management and improving water quality, sanitation and hygiene services in displacement sites and other at-risk communities.

    WHO is able to deliver on its cholera commitment through the financial contribution of donors: Gavi, the Vaccine Alliance, the European Union Commission, United Nations Central Emergency Response Fund (CERF), United States Agency for International Development (USAID), UN Multi-Partner Trust Fund Office (MPTF), and the Governments of France and Germany.

    Read the full story

    WHO and partners launch second cholera vaccine dose to protect young refugees in Cox’s Bazar

    A young girl receives the 2nd dose of the OCV Vaccine in the Rohingya Camps. Photo by: WHO/Terence Ngwabe Che

    In April 2025, WHO, in collaboration with the Government of Bangladesh and health sector partners, launched the second round of a targeted Oral Cholera Vaccination (OCV) campaign in Cox’s Bazar. This initiative aims to administer a second dose of the vaccine to Rohingya refugee children aged 1 to 5 years.

    This builds on the success of the initial mass vaccination campaign conducted in January 2025, across the Cox’s Bazar, Bandarban districts, and on Bhasan Char Island. A total of 1.4 million doses were administered from the 1.6 million doses supplied by the International Coordinating Group on Oral Cholera Vaccine Provision for Cholera Control.

    The vaccine deployment followed an approved request by the Directorate General of Health Services, Communicable Disease Control, with operational support from Gavi, the Vaccine Alliance.

    Read the full story

    WHO and King Salman Humanitarian Aid & Relief Centre expand life-saving health interventions

    KSRelief Supervisor-General, Abdullah Al Rabeeah, and Dr Tedros, signing funding agreements in response to humanitarian crises at the Riyadh International Humanitarian Forum on 24-25 February 2025, Kingdom of Saudi Arabia. Photo by: WHO/Karim Yassmineh.

    WHO and the King Salman Humanitarian Aid and Relief Centre (KSrelief) agreed on a series of new pledges to deliver life-saving health measures for people threatened by cholera and malaria in Yemen. The pledges also support health services for Sudanese who have fled conflict to neighbouring Egypt, and to support polio eradication efforts in countries where the virus continues to circulate. The agreements were signed during the fourth Riyadh International Humanitarian Forum, being held on 24-25 February.

    WHO’s Country Office in Yemen and KSrelief finalized a donation of US$ 2.1 million to support an existing agreement to expand cholera response and control measures, and improve access to treatment in affected and high-risk areas.

    Read the full story

    Purified water, lives saved: the fight against cholera in Haiti continues

    OPS/WHO delivering materials to the Ministry of Public Health and Population to respond against cholera. Photo by: OPS/WHO

    PAHO/WHO continued to support the Ministry of Public Health and Population in its fight against cholera since its resurgence in October 2022. Access to clean and safe water remains a major challenge in Haiti and is a key factor in the decline of the disease across the country.

    With support from the UNCERF and in partnership with the health authorities, PAHO/WHO implemented a project to improve access to drinking water for Acute Diarrhea Treatment Centres, facilities established to treat cholera patients.

    Installing a water treatment unit made it possible to supply drinking water, on demand, by tanker trucks to a network of 15 distribution points, consisting of tankers installed in as many health facilities throughout the department. In the second phase, 218 departmental health officers were trained on methods for accessing drinking water, effective sanitation techniques, and essential hygiene practices to prevent water-related diseases.

    Read the full story (in French)

    Malawi declares end of cholera outbreak

    Case management at Area 25 cholera treatment centre. Photo by: WHO/Ovixlexla Kamenyagwaza-Bunya

    The Government of Malawi, through its Public Health Institute, declared the end of a protracted cholera outbreak that started in March 2022 and lasted over two years. WHO and partners supported the set-up of cholera treatment centres and units and oral rehydration points, provided clinical mentorship, and supported the development of referral guidelines and standardized patient records from the initial stages of the outbreak.

    The surveillance team supported the roll out of the One Health Surveillance Data Platform, intensified case investigations, and strengthened laboratory testing and event-based surveillance. WHO also provided support for oral cholera vaccination campaigns, where over four million doses were administered with a utilization rate of almost 100%.

    To strengthen resilience and bolster global health security, in June 2023, WHO conducted a Scoping Mission which led to the development of a 2-year roadmap. WHO continues to work with multi-sectoral partners and the donor community to support implementation of these priorities. In 2024, USAID and FCDO UK provided funds towards preparedness activities.

    Read the full story

    South Sudan steps up vaccination, response measures to curb cholera

    A vaccinator administering oral cholera vaccine in Renk, Upper Nile State, during December 2024’s campaign after the September outbreak declaration.
    Photo by: WHO/Atem John Ajang

    The Government of South Sudan declared a cholera outbreak in October 2024. In January 2025, the Ministry of Health, with support from WHO and partners, rolled out several oral cholera vaccination campaigns in four high-risk countries: Malakal, Juba, Renk, and Rubkona.

    With support from Gavi, the Vaccine Alliance, around four million doses of the vaccine were approved and around 910 000 doses administered (as of January 2025) in the four counties, which is above 90% coverage.

    WHO continues to distribute essential medical supplies for cholera response to local and national health authorities and partners, which can treat 4 700 cholera cases. WHO has also facilitated the establishment of a 50-bed cholera treatment centre at Juba Teaching Hospital and is supporting the deployment of nine rapid response teams from national level to 11 priority counties to support implementing partners on the ground to provide critical case management.

    Read the full story

    Scaling up cholera testing in Zimbabwe

    WHO staff build cholera treatment centres with support of communities. Photo by: WHO/Vivian Mugarisi

    To ramp up testing for cholera in Zimbabwe, WHO supported the Ministry of Health and Child Care (MoHCC) with training of 986 nurses in antigen Rapid Diagnostic Test (RDT) testing, addressing critical staff shortages at rural health centres. Additionally, 44 laboratory personnel at provincial and district levels were trained in cholera culture, further strengthening diagnostic capacity.

    Prior to the training programme, testing capabilities were limited. Between the outbreak’s onset in February 2023 and 18 January 2024, only 2 090 antigen RDTs and 2 250 culture tests were conducted across 10 health centres. Following the training, the number of antigen RFT tests increased to 9 853, a staggering 371% increase. The success of the programme is attributed to the collaborative efforts of various stakeholders including UNICEF, Higher Life Foundation, JHPIEGO, World Vision International and WHO, with MoHCC leading the efforts.

    Funding for the training activities came from the Health Resilience Fund (HRF), UNCERF and the United States Department of the State (USDOS). HRF is a pool of funding from the European Union, the Government of Ireland and the United Kingdom, as well as Gavi, the Vaccine Alliance.

    Additionally, in a significant boost to Zimbabwe’s healthcare infrastructure, WHO donated a wide range of medical equipment to the Ministry of Health and Child Care (MoHCC). The equipment, valued close to USD$1.8 million, was funded by various donors and partners, including the African Development Bank (AfDB), the UN Central Emergency Response Fund (UNCERF), USAID, and the Government of Japan.

    Read the full stories here and here

    ***

    Read more about WHO’s work on cholera

    The donors and partners acknowledged in this story are (in alphabetical order)

    African Development Bank, European Union, French Development Agency, Germany, Gavi, the Vaccine Alliance, Health Resilience Fund, Higher Life Foundation, International Coordinating Group on Oral Cholera Vaccine Provision for Cholera Control, Ireland, Japan, JHPIEGO, King Salman Humanitarian Aid and Relief Centre, United Kingdom Foreign Commonwealth and Development Office, UNICEF, UN Central Emergency Response Fund, UN Multi-Partner Trust Fund Office (MPTF), United States Department of the State, USAID, World Vision International.

    WHO’s work is made possible through all contributions of our Member States and partners. WHO thanks all donor countries, governments, organizations and individuals who are contributing to the Organization’s work, with special appreciation for those who provide fully flexible contributions to maintain a strong, independent WHO.

    MIL OSI United Nations News –

  • MIL-OSI Canada: Minister Sidhu advances Canada’s trade priorities with G7 trade ministers

    Source: Government of Canada News (2)

    June 5, 2025 – Paris, France – Global Affairs Canada

    This week, the Honourable Maninder Sidhu, Minister of International Trade, hosted a meeting with G7 trade ministers in Paris, France.

    Minister Sidhu led an important discussion on the G7’s role in contributing to a trade environment that supports our shared goals of driving economic growth, creating good-paying jobs, and building long-term prosperity. The G7 trade ministers engaged on pressing issues that are impacting the global economy.

    Minister Sidhu reaffirmed Canada’s commitment to the rules-based global trading system and the principles that underpin it. He highlighted the need for open, stable markets that ensure predictability amidst economic uncertainty, which is particularly important for small and medium-sized enterprises disproportionately affected by trade disruptions.

    The minister also emphasized the importance of addressing the impacts of non-market policies and practices on our workers, businesses and economies.

    MIL OSI Canada News –