Category: Economy

  • MIL-OSI: Free Psychic Reading Online | Free Psychic Chat with Real Psychics Online – Special 2025 Announcement

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, CA, June 05, 2025 (GLOBE NEWSWIRE) — Are you curious about your future, love life, or career path but not ready to commit to a paid session? With a free psychic reading online, you can now connect with experienced and compassionate free psychics who offer genuine insights without any upfront cost. Whether you want to ask a free psychic question, explore your destiny by birth date, or dive into matters of the heart, there are now many trusted platforms where you can receive intuitive guidance—completely risk-free.

    ⇒ Connect with trusted advisors for a free psychic reading session!

    You deserve answers, healing, and spiritual clarity. Whether you need a free psychic reading online with no credit card, a birth-based psychic reading, or simply want to ask a free psychic question, now is the perfect time to begin your journey.

    The-Psychic-Experts.com, a trusted authority in spiritual services, proudly announces a new global initiative offering free psychic readings online via live chat or phone. Launching this month, this effort marks a major step forward in the platform’s mission to make genuine, risk-free spiritual guidance more accessible and inclusive for people seeking clarity in love, career, health, or life purpose.

    ⇒ Free psychic chat with certified readers — available now

    The internet is full of spiritual services, but not all are equal. To get the most value from your free psychic reading, stick with platforms that offer free psychic chat, clear advisor profiles, and real testimonials. This provides a safe and insightful experience from the outset.

    Whether you want to ask a free psychic question about a soulmate connection, your next big life decision, or emotional healing, these newly listed services are designed to deliver insightful, real-time answers. Even better, some highly rated readers provide free psychic chat with no credit card required, a rare and welcome benefit in today’s digital spiritual marketplace.

    Each listed psychic on the psychic expert’s platform is thoroughly evaluated for accuracy, authenticity, user testimonials, and spiritual specialization. Options include free psychic readings by date of birth and time, astrology-based predictions, tarot interpretations, and mediumship sessions. This 2025 release ensures that users can confidently connect with a real psychic, not an automated system or generic script, for meaningful and personalized spiritual guidance.

    ⇒ Try a real psychic chat for free — no risk, just answers

    Why Choose a Free Psychic Chat?

    Many people hesitate to seek spiritual advice due to concerns over cost or skepticism about accuracy. That’s where free psychic chat options shine. These services allow you to connect instantly with a psychic via live chat and ask your most pressing questions, without needing a credit card.

    Benefits of free psychic chat include:

    • Instant access to real psychics online
    • No financial risk or commitment
    • Discreet, private conversations
    • Fast answers to your questions

    Whether you’re new to psychic readings or just want to test a new advisor, this format lets you experience the energy of the reading before deciding to continue.

    ⇒ Receive personalized insight with free psychic chat now

    Ask a Free Psychic Question About Love, Career, or Life Purpose

    Wondering whether your partner is “the one”? Confused about a job opportunity? Feeling stuck and unsure about what comes next?

    You can ask a free psychic question on topics like:

    • Love & relationships
    • Family & friendship
    • Career direction
    • Personal growth
    • Financial energy
    • Spiritual purpose

    Many free psychics specialize in areas like free psychic love reading, helping you find clarity and comfort when emotions feel overwhelming.

    ⇒ Discover your soulmate path with a free psychic love reading

    Free Psychic Reading by Date of Birth and Time

    For deeper insight, many online psychics offer free psychic readings by date of birth and time. These personalized readings blend astrology and intuition to reveal:

    • Life path challenges and gifts
    • Relationship compatibility
    • Career destiny
    • Timing of major life events

    These birth-based readings are especially helpful if you’re facing crossroads in life and want guidance rooted in your cosmic blueprint.

    ⇒ Find clarity with a free psychic reading by date of birth and time

    Free Psychic Reading Online – No Credit Card Needed

    Unlike many platforms that require payment details before giving you any insight, select services offer a free psychic reading online, no credit card required. This ensures a truly commitment-free experience while letting you explore if the psychic connection resonates with you.

    Look for trusted directories that feature:

    • Verified psychic profiles
    • Ratings and testimonials
    • Free minutes or introductory chat sessions
    • Easy, instant connection

    ⇒ Get real clarity fast with a psychic reading at no cost

    Free Psychic Love Reading: Find Clarity and Connection

    Love is one of the most common topics people ask psychics about—and for good reason. Emotions can be intense, timing can be confusing, and sometimes we just want reassurance.

    A free psychic love reading can offer guidance on:

    • Soulmate energy
    • Twin flame dynamics
    • Relationship challenges
    • Future romantic possibilities
    • Past life connections

    Whether you’re healing from heartbreak or starting something new, these love readings offer emotional clarity when you need it most.

    ⇒ Get trusted love advice from free psychics today

    Why Free Psychic Readings Are in High Demand in 2025

    As the world emerges from a decade marked by turbulence, transformation, and technological disruption, one quiet but powerful trend has taken hold across generations: a renewed search for spiritual meaning. In 2025, free psychic readings have become one of the most sought-after tools for individuals hoping to gain clarity, purpose, and emotional balance. Whether driven by curiosity, heartache, or uncertainty, millions turn to a free psychic reading as their first step toward more profound understanding.

    ⇒ Love, destiny, and clarity await — start free psychic chat now

    Spiritual Curiosity in the Post-2020s Era

    The last few years have seen an undeniable cultural shift toward introspection. Following the collective trauma of a global pandemic, economic uncertainty, and significant geopolitical change, people have sought answers beyond traditional logic or material success. According to spiritual trend analysts, 2025 has seen record levels of interest in tarot, astrology, mediumship, and intuitive coaching, especially online.

    In this environment, free psychic reading online services have flourished. For newcomers, these free sessions offer a safe, low-pressure way to explore metaphysical guidance without financial obligation. For those already attuned to spiritual practices, a free psychic reading offers a chance to sample different readers and modalities before committing to a more in-depth session.

    ⇒ Chat live with psychics who truly care — free today

    The Cost Barrier of Premium Readings

    One of the key drivers behind the surge in free psychic consultations is the rising cost of premium sessions. Accurate psychic readers — particularly those with a strong following or years of experience — often charge rates ranging from $5 to $15 per minute or more. While this pricing may reflect the value of their service, it can be a significant barrier for those facing financial hardship or exploring spiritual guidance for the first time.

    That’s where a free psychic reading becomes an empowering alternative. By offering initial sessions at no cost, platforms like the psychic experts are helping democratize access to this ancient practice. Users can now test the waters with a free psychic question, receive a few minutes of clarity via free psychic chat, or speak to a real psychic by phone — all without swiping a credit card.

    ⇒ Receive insight and healing with a free psychic reading

    Accessibility Through Technology

    Another major factor fueling this demand is accessibility. Thanks to mobile apps, text platforms, and secure chat portals, psychic guidance is no longer confined to candle-lit rooms or in-person appointments. The emergence of free psychic chat and free psychic reading online services has enabled users from any location — urban or remote — to get spiritual support within minutes.

    This shift is especially valuable for individuals who may feel nervous about speaking to a psychic in person. Chat and phone services allow users to remain anonymous, reducing anxiety and fostering more open conversations. Data shows that users are often more likely to ask a free psychic question honestly and directly through chat than in a face-to-face setting.

    ⇒ Get a trusted free psychic reading without a credit card

    The Psychology of Asking a Free Psychic Question

    There’s also a deeper psychological appeal to asking questions about the unknown. In moments of confusion, asking a question—even a small one—provides the illusion of control. It’s a way to anchor oneself to possibility, hope, and answers that may not come from within.

    That’s why a free psychic question holds such power. It’s not just about the information you receive — it’s about reaching for it. Whether you’re wondering if your ex will return, if you’re on the right career path, or if you’re blocking your blessings, simply voicing your question can be cathartic and illuminating.

    With the stigma around spiritual services fading fast, 2025 is shaping up to be the year when free psychic readings become as normal as therapy or self-help books. From Gen Z to Boomers, people realize there’s no harm in asking a free psychic question — and in fact, it may just be the beginning of a meaningful journey.

    ⇒ Free psychic reading now live — discover your destiny

    How The Psychic Experts Evaluate Free Psychic Reading Platforms

    Not all psychic platforms are created equal in the ever-expanding world of online spiritual services. That’s why The-Psychic-Experts.com has built one of the most trusted, independent evaluation systems for identifying the most recommended free psychic readings available online. With thousands of websites claiming to offer real insight, clarity, and connection, the team behind The-Psychic-Experts.com works tirelessly to separate genuine spiritual guidance from vague, automated responses.

    The result? A carefully curated, annually updated list of free psychic reading platforms that users can trust.

    ⇒ Ask anything in a free psychic reading — love, work, more

    Strict Editorial Standards and Testing

    Every platform featured on The-Psychic-Experts.com goes through a thorough multi-step internal checking process designed to test for accuracy, transparency, and overall user experience. It includes secret-shopper style evaluations where trained team members request a free psychic reading by date of birth and time to measure how precise and personalized the answers are.

    Testers often ask complex or emotionally charged questions to see if the psychic is attuned to more than just general advice. Responses are then scored on relevance, empathy, and whether the psychic provides actionable insights. Platforms that rely heavily on vague, cookie-cutter replies are immediately removed from consideration.

    ⇒ Discover real guidance through live psychic chat

    No Credit Card = No Gimmicks

    One of the most essential standards in the the-psychic-experts.com evaluation process is whether the platform offers free psychic readings, without forcing users to enter credit card details.

    While many sites advertise “free” readings, they often require users to sign up for a subscription or provide payment information upfront. These bait-and-switch tactics can create mistrust and leave people feeling scammed.
    The platforms recommended by The-Psychic-Experts.com highlight psychic services that allow for at least one initial free psychic session, often via chat or phone, with no billing details required. It makes it easier for first-time users to explore their spiritual questions risk-free.

    ⇒ Start Free psychic chat online now — no card, just clarity

    Evaluating Reading Types and Specializations

    Not all psychic readings are the same, and the editorial team considers this during evaluation. Readers on the platform are assessed for the types of readings they offer, including free psychic love reading, mediumship, tarot, astrology, numerology, clairvoyance, and energy healing.

    This variety is significant because not every question fits neatly into one modality. A user seeking romantic advice may benefit most from a love psychic or tarot reader, while someone dealing with grief may need a medium who can connect with passed loved ones. Free psychic reading by date of birth and time may appeal to astrology-focused seekers. The leading platforms provide access to a broad spectrum of reading styles.

    Each reader is tested for communication skills, clarity, and the ability to make users feel safe. A psychic might have talent but lack compassion — or vice versa. Only those who excel at spiritual insight and empathetic delivery are considered highly rated.

    ⇒ Experience a free psychic chat that feels personal and real

    Internal QA

    The psychic experts don’t just rely on staff evaluations. The site also collects thousands of real-user testimonials to verify consistency and satisfaction across a broad user base. Comments are analyzed for patterns, such as repeated praise for emotional accuracy, relationship guidance, or intuitive timing.

    All feedbacks are vetted through an internal QA process to ensure authenticity and eliminate paid or spam submissions. This approach helps build long-term credibility and keeps the annual rankings relevant and trustworthy.

    By combining professional testing, real-world feedback, and a commitment to ethical standards, the psychic experts ensure that users receive guidance from only the most accurate, accessible, and genuinely free psychic resources available in 2025.

    ⇒ Connect instantly via free psychic chat and feel the difference

    Types of Free Psychic Readings Available Online in 2025

    In 2025, free psychic readings have become more accessible, personalized, and diverse. With spiritual wellness now a significant trend among millennials, Gen Z, and even Gen X, millions seek clarity from intuitive advisors, primarily through free online psychic readings. The growing number of platforms and services means users can now explore many different types of spiritual guidance before deciding on a long-term advisor.

    ⇒ Connect now for a real and accurate free psychic reading!

    So, what kinds of free psychic readings are most popular, and which are typically offered as part of free trials? Below, the-psychic-experts.com breaks down the most popular types of psychic readings users can explore at no cost in 2025.

    1. Free Psychic Love Reading

    By far the most requested service across psychic platforms, free psychic love readings remain the leading choice for users seeking relationship answers. Whether it’s “Will they come back?”, “Are we soulmates?”, or “Should I move on?” — love questions dominate psychic chat rooms and phone sessions.

    Platforms offering a free psychic love reading typically provide a few minutes or allow users to ask a free psychic question about their romantic life. These readings often tap into tarot, energy reading, or clairvoyance to explore emotional compatibility, karmic connections, and future possibilities.

    Why it’s offered: Love is the #1 gateway topic. If a psychic can connect with a user emotionally on this front, there’s a strong likelihood the user will return for paid sessions.

    ⇒ Find the guidance you seek in a free psychic love reading

    2. Career Forecasts

    Another common request in 2025 is professional guidance. Career-focused readings address decisions around job changes, workplace conflicts, entrepreneurial goals, or overall life purpose. Many free psychic platforms now offer initial readings on career questions to help users identify their next steps.

    These include numerology, astrology, or intuitive impressions based on name and energy. Some sessions will ask for a birth date to connect deeper into the client’s vocational path.

    Why it’s offered: Career questions tend to lead to follow-up sessions, making it an attractive free trial option for platforms.

    ⇒ Ask one question for free and connect with a real psychic

    3. Tarot Card Pulls

    A classic and still one of the most reliable options for free and paid readings, tarot cards remain a staple in 2025. Many platforms offer a free psychic reading online using a three-card spread that touches on past, present, and future energies.

    Tarot is a favorite among users because it provides specific visuals, archetypes, and symbolism that can be interpreted intuitively or directly. It works for all questions, including love, career, and self-growth.

    Why it’s offered: Tarot sessions can be done quickly and are visually engaging, making them perfect for limited-time or single-question free psychic readings.

    4. Astrology and Birth Chart Readings

    Astrology continues to experience a renaissance, and free psychic reading by date of birth and time is one of the fastest-growing categories on psychic platforms. Some services allow users to input their birth details to receive a basic sun, moon, and rising analysis or a short synastry report (love compatibility).

    More advanced readers might offer brief insights into planetary transits or upcoming life themes in a 5–10 minute complimentary session.

    Why it’s offered: Astrology is extremely popular among Gen Z and Millennials. It’s also data-driven, making it easy to automate or semi-automate for mass trial sessions.

    ⇒ Ask a free psychic question and get instant insight

    5. Past Life Readings

    Past life readings offer fascinating insight for those curious about karma, reincarnation, and spiritual history. Some free trials allow users to ask, “Who was I in a past life?” or “Why do I feel connected to this person or place?”

    These readings often combine intuitive visions, energy work, and spiritual channelling to explore patterns affecting the user in their current life.

    Why it’s offered: It’s a unique hook that appeals to deeply spiritual users and often prompts follow-up interest.

    6. Yes/No Psychic Questions

    Sometimes users don’t want a full reading — they just want a straight answer. In 2025, many free psychic platforms now offer the ability to ask a free psychic question in a yes/no format. It’s ideal for time-sensitive or emotionally charged moments when clarity is critical.

    This format is commonly used via free psychic chat, where users type their yes/no question and receive a simple, immediate reply, often via tarot or intuition.

    Why it’s offered: It’s quick, scalable, and builds trust for deeper sessions.

    ⇒ Explore your future with a free psychic chat reading!

    What to Expect from a Free Psychic Chat or Call

    You’re not alone if you’re considering a free psychic chat or phone reading in 2025. Millions worldwide are turning to intuitive guidance for answers, clarity, and peace of mind — often beginning with a risk-free, no-obligation session. But how exactly does it work? What can you expect from the moment you sign up to when you ask a free psychic question?

    In this guide, the-psychic-experts.com walks you through a typical user experience with free psychic readings online, whether via chat or call, so you know exactly what to anticipate.

    Step 1: Signing Up — No Credit Card Needed

    One of the most appealing aspects of psychic platforms ranked by The-Psychic-Experts.com is that many offer free psychic readings online, with no credit card required. It means you can begin exploring your spiritual path without entering payment details or worrying about hidden charges.

    The signup process typically takes under 2 minutes:

    • You enter your name (can be a nickname)
    • Choose your preferred psychic or reading type
    • Optional: Add your birth date, gender, or location for a more tailored session
    •  Click “Start Free Chat” or “Call Now” to begin your session

    The highest quality services are transparent, private, and secure, ensuring your experience is safe and confidential.

    ⇒ Ask love and life questions with a free psychic reading

    Step 2: Choosing Your Psychic Reader

    Once inside the platform, you’ll browse a selection of available advisors. Each psychic reader has a profile page showcasing:

    • Specialties (love, career, tarot, astrology, etc.)
    • User experiences
    • Years of experience
    • Tools used (e.g., pendulum, oracle cards, clairvoyance)

    For a free psychic reading, look for psychics offering free minutes or an introductory question at no cost. Most allow at least one free psychic question before the session transitions to paid time.

    Step 3: Chat vs. Phone — What’s the Difference?

    Free Psychic Chat

    Chat readings are ideal for people who prefer privacy, written records, or thinking time. You can type out your questions, and your psychic will respond quickly. Many clients enjoy this format because:

    • It’s discreet — great for work breaks or late nights
    • You can scroll back and re-read answers
    •  It allows clearer, more intentional communication

    Chat is a good option for simple or emotionally sensitive questions you want to reflect on later.

    ⇒ Discover emotional clarity in a free psychic reading today!

    Free Psychic Call

    Phone readings offer more vocal nuance, which some say results in stronger intuitive connections. You’ll hear tone, pauses, and inflection, which can help your psychic pick up on your energy more naturally. Calls feel more spontaneous, warm, and conversational.

    Calls are often ideal when:

    • You want a fast-paced reading
    • You’re dealing with complex emotions
    •  You want to ask follow-up questions on the spot

    Step 4: Asking a Free Psychic Question

    When your session begins, the advisor may start with a brief introduction or ask your permission to connect with your energy. You’ll then type or say your question, such as:

    • “What is the energy around my relationship right now?”
    • “Is this job opportunity right for me?”
    •  “Will I hear from them again soon?”

    It is your moment to open up. The more precise and focused your question is, the more insightful your psychic’s response will be.

    ⇒ Chat online now with trusted psychics for free!

    Step 5: What a Real Reading Feels Like

    Contrary to the myths, real psychic readers do not make wild or scary predictions. Instead, they tune into your energy, spiritual guides, or symbolic tools (like tarot or astrology) to help reveal what’s hidden beneath the surface.

    Even in a digital format, real psychic abilities translate beautifully. Many report feeling chills, sudden emotional clarity, or strong resonance, even through a chat screen.
    Your reading may include:

    • Specific messages, images, or impressions
    • Advice on timing, direction, or emotional healing
    • Symbolic meanings from tarot or astrology
    •  Gentle validation for what you already intuitively know

    ⇒ Connect with an accurate psychic — no payment required!

    Benefits of Starting with a Free Psychic Reading

    With so many psychic services available online in 2025, it’s easy to feel overwhelmed or skeptical about where to begin. That’s precisely why the psychic experts recommend starting your journey with a free psychic reading. Whether you’re new to the spiritual space or looking to reconnect with your intuition, free readings offer a powerful, no-pressure entry point into the world of intuitive guidance.

    From building trust to exploring specialties, here’s why thousands are turning to free psychic sessions before committing to a longer consultation.

    1. It’s a Low-Risk Introduction for Beginners

    One of the most significant barriers to seeking a psychic is fear of being judged, scammed, or misled. A free psychic reading helps remove those worries. You can test the waters without handing over credit card details or committing to a long-term package.

    Free readings let you:

    • Experience how a real session feels
    • Gauge your comfort level with a reader
    • Observe the psychic’s style, tone, and accuracy
    •  Ask a meaningful question without financial commitment

    It’s the perfect way for first-timers to ease into spiritual self-discovery without pressure.

    ⇒ Chat with gifted psychics for your free psychic question!

    2. It Helps You Build Trust with a Psychic

    Trust is everything when working with a psychic. You’re opening up about sensitive areas of your life — from love and loss to career crossroads and health anxieties. If you’re going to be vulnerable, you need to feel safe.

    A free psychic chat session creates space to:

    • Assess whether the psychic is empathetic and grounded
    • See how they respond to your energy and concerns
    •  Ensure they don’t make outrageous claims or pressure you to pay

    Genuine psychics are focused on helping, not selling. A free reading allows you to build a real energetic rapport before deciding to move forward.

    3. You Can Explore a Variety of Psychic Specialties

    Not every psychic works the same way. Some are clairvoyants who see visions. Others are mediums who connect with past loved ones. Some rely on tools like tarot or astrology, while others are deeply intuitive empaths.

    Starting with a free psychic reading means you can sample different specialties and styles, and discover what works well for your unique needs.

    You might try:

    • A tarot card pull to gain insight into a decision
    • A clairvoyant to explore your future path
    • A spiritual medium to connect with a departed relative
    • An astrologer for a birth chart reading
    •  A pendulum or numerology expert for yes/no questions

    Exploring these services at no cost allows you to find your preferred modality and the psychic who most closely resonates with your energy.

    ⇒ Receive intuitive guidance with a free psychic reading

    4. It Encourages Clarity and Specificity in Your Questions

    A free session may only last 3 to 5 minutes or cover one free psychic question, which is a disguised benefit. Limited time encourages you to get clear about what you want to know.

    Instead of asking vague questions like “What’s going to happen to me?”, you learn to ask sharper, more focused questions such as:

    • “What energy surrounds my relationship right now?”
    • “How should I approach the job interview next week?”
    •  “What’s blocking me from moving forward emotionally?”

    This clarity often results in more meaningful, accurate guidance and creates better psychic sessions, even if you choose to pay later.

    ⇒ Receive guidance from real psychics for free — no payment needed

    5. You Gain Immediate Emotional Insight

    Many users of the psychic experts report that their first free psychic reading gave them instant validation. Whether it’s hearing something you’ve been secretly feeling or receiving encouragement from a psychic stranger, the experience can be deeply healing.

    You may not get all the answers in a short session, but often, a shift happens — emotionally, spiritually, or energetically. You walk away with more clarity, confidence, or even a spark of hope.

    ⇒ Ask your free psychic question and connect live now

    Tips for Getting the Most Out of Your Free Reading

    A free psychic reading online can be an incredibly enlightening experience—if you approach it with the right mindset. Whether you’re seeking clarity on love, career, or personal healing, how you prepare and participate will directly impact the value you receive.

    At the-psychic-experts.com, we’ve compiled expert-backed advice to help you make the most of your free psychic question, from emotional prep to spotting red flags and navigating what comes after.

    1. Prepare Emotionally and Spiritually

    Before you ask a free psychic question, center yourself for a few quiet minutes. A grounded emotional state makes your energy clearer, making it easier for a psychic to tune in accurately.

    Try this quick pre-reading checklist:

    • Find a quiet space: Choose somewhere you won’t be interrupted.
    • Set an intention: Focus on what you want to gain—clarity, peace, direction.
    •  Breathe deeply: Even a few deep breaths can calm your mind and body.

    Remember, your energy shapes your experience. You’re more likely to walk away with meaningful insights when you show up open but emotionally balanced.

    ⇒ Meet real psychic readers offering free chat now

    2. Ask Clear, Open-Ended Questions

    One of the most common mistakes in free psychic love reading sessions is asking yes/no or overly vague questions like, “Will I ever find love?” or “What’s going to happen to me?”
    Instead, reframe your query to invite deeper insight:

    • “What can I do to attract a healthier relationship?”
    • “What energy surrounds my connection with [Name] right now?”
    •  “What should I focus on to grow in my career?”

    Good psychics thrive on clarity and curiosity. The better your question, the more actionable your answer.

    3. Be Aware of Red Flags in Free Psychic Services

    Not all psychic platforms are created equal. While the-psychic-experts.com only recommends trusted advisors, there are some warning signs to watch out for, especially during free psychic reading online sessions.

    Avoid psychics who:

    • Use fear tactics (e.g., “You’re cursed—pay $200 to fix it”)
    • Push unnecessary upsells or insist you “must” buy more time
    • Offer only generic or vague answers
    •  Refuse to answer your original question and keep redirecting

    Real psychics don’t rely on scare tactics or manipulative sales pitches. They offer respectful, empowering guidance, even in a free session.

    ⇒ Discover what the universe has planned — free psychic insight

    4. Know What Comes After the Free Session

    Once your free minutes are up, you have a choice:

    • End the session and reflect on the message received
    • Continue with a paid session if the connection feels genuine
    • Try a different psychic if you didn’t resonate with the first

    You can also journal your experience—what you asked, what stood out, and what emotions came up. Reflection helps you integrate insights more deeply.

    Additionally, many platforms offer first-time deals for extended sessions. Continuing might be worth it if you felt a real spark of clarity in your free psychic love reading.

    ⇒ Talk with an intuitive expert and ask your free psychic question

    FAQs About Free Psychic Readings in 2025

    Free psychic readings are becoming one of the most searched spiritual wellness tools in 2025 — but naturally, people have questions. Below are the most common queries users ask, whether they’re first-timers or returning seekers.

    Is the psychic reading free?

    Many platforms featured in the psychic experts platform offer new users a free psychic reading online. It may be free minutes via chat or phone, a free introductory question, or a single free psychic love reading to give you a sense of what the advisor is like. No strings attached, just spiritual insight.

    What’s the catch with free psychic chat services?

    There’s no real “catch,” but it helps to understand the fine print. Most free psychic chat services are introductory offers designed to let you try before you buy. The session typically shifts into a paid format after your free minutes or single psychic question is answered. Still, you’re not obligated to continue unless you feel it’s worth it.

    Can I get a free reading without giving credit card info?

    Absolutely. highly-rated services on The-Psychic-Experts.com offer free psychic readings online with no required credit card. You can often access chat-based or app-based sessions without entering financial information, especially for basic questions or trial readings.

    What kind of questions can I ask a psychic for free?

    You can ask almost anything, but it is recommended to keep it focused and specific. Popular topics include:

    • Love and relationships
    • Career and finances
    • Life purpose and personal growth
    •  Future decisions or crossroads

    Examples:

    • “What does the future hold for my relationship?”
    • “Should I take the job offer I just received?”
    •  “What’s blocking me from finding clarity right now?”

    Just remember — most free psychic reading online sessions limit the number of questions or minutes, so focus on your high priority.

    Is a free psychic reading accurate?

    Yes, especially when you’re using a trusted platform. The psychics featured by the psychic experts platform are vetted for integrity and ability. Even a short free psychic love reading or yes/no question can provide startlingly accurate and emotionally resonant guidance. The key is approaching the session with an open mind and clear energy.

    Media Contact
    Company: The Psychic Experts
    Contact Person: Anthony C. Bedoya
    Email: support@the-psychic-experts.com
    Address: 1 Fremont St, Las Vegas, NV 89101, USA
    URL: https://the-psychic-experts.com/
    Phone: +1 414-203-2598

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  • MIL-OSI United Kingdom: £76M Funding Set To Boost Birmingham’s Status As ‘City Of Choice’ For Investors And Residents

    Source: City of Birmingham

    Birmingham City Council is set to invest £76m into a range of projects aimed at boosting the city’s economy

    This will enhance prospects for residents and businesses and underpinning Birmingham’s status as a city of choice for investors, after plans were unveiled in a meeting of the Cabinet.

    The funding comes from the integrated settlement, negotiated through the trailblazer devolution deal agreed with the Government and West Midlands Combined Authority (WMCA).  It covers five areas: local growth and place, adult skills and employment, retrofit, housing and regeneration, and transport, and helps to deliver the Council’s Economy and Place Strategy (EPS), which was also agreed at the Cabinet.

    Specific investment includes funding to assist local businesses and social enterprises to grow, boosting the skills and opportunities of residents, and supporting the diverse, creative, art and cultural scene including film, music and tourism. It funds sports and participation, helping community anchor organisations to support their local area and bring underutilised spaces back into use. The funding package also includes upgrading of homes through retrofit works and enabling active travel schemes. 

    The EPS will help drive investment in specific places to support the expansion of key economic sectors for jobs growth, the local business environment, transport improvements and employment opportunities for residents. 

    In particular, the EPS outlines a set of major opportunities of the East Birmingham North Solihull growth area, which will receive an additional boost following this week’s announcement that a share of £2.4billion of transport funding from the Government will be used to extend services from Birmingham city centre to the new sports quarter. The extensive opportunities in the EPS in the East include:

    • The East Birmingham Growth Zone sites of Bordesley Park, (the location of Birmingham City Football Club’s proposed ‘Sports Quarter’ development), Tyseley Green Innovation Quarter, and the new HS2 control centre with accompanying commercial land.
    • The Birmingham Knowledge Quarter (BKQ) which is a site within the West Midlands Investment Zone 
    • Most of the Enterprise Zone in the heart of the city centre, with key sites of Smithfield, Digbeth and Curzon.

    The EPS also highlights significant housing sites including Langley, Ladywood and Druids Heath for large scale housing delivery alongside priorities for housing retrofit. 

    The strategy aims to grow the local economy in an inclusive way so people and places across the city benefit, and to promote sustainable, bottom-up opportunities for economic, social and cultural projects across Birmingham, including social enterprises and partnerships with organisations that offer knowledge of local needs and opportunities to develop local solutions.

    Councillor Sharon Thompson, Deputy Leader of Birmingham City Council, welcomed the agreement of the funding and strategy, saying: “The new funding can help us move forward in growing the success of our city and expanding benefits beyond the City Centre, securing more jobs and investment and providing support for businesses and residents, such as skills training to move into the jobs.

    “This additional funding helps underpin Birmingham’s status as a great place to live, work and invest. Key to our Economy and Place Strategy is developing stronger local capacity to enhance local centres and high streets, anchored in co-delivery with communities.” 

    For media enquiries, please email press.office@birmingham.gov.uk

    You can find out more about the proposed EPS funding by downloading the report that was presented to Cabinet on June 3rd 2024.

    MIL OSI United Kingdom

  • MIL-OSI Canada: Government of Canada invests in British Columbia’s hydrogen and fuel cell sector

    Source: Government of Canada News (2)

    B.C. companies are unlocking new opportunities in global clean tech markets

    June 5, 2025 – Vancouver, British Columbia – PacifiCan

    British Columbia is home to Canada’s largest hydrogen and fuel cell cluster, powering low-emission energy solutions. With over half of all hydrogen companies in the country and 1,350 full-time workers, B.C. has what it takes to meet global demand in this rapidly growing market.

    Today, the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada (PacifiCan), announced an investment of $466,956 in the Canadian Hydrogen Association to expand B.C. hydrogen and fuel cell companies into markets around the world.

    With this investment, the Canadian Hydrogen Association will help B.C. companies attract investment, seize export opportunities and grow here at home. The association will also showcase B.C. companies on international platforms – including today’s hy-fcell International Expo and Conference in Vancouver, where global hydrogen experts come together.

    This investment was provided through PacifiCan’s Regional Innovation Ecosystem program. It will support 40 small- and medium-sized businesses, contributing to jobs and growth here in B.C. and a strong economy for all Canadians.

    In May 2024, PacifiCan also announced an investment of more than $9.4 million to launch the Clean Hydrogen Hub at Simon Fraser University. The Hub works with partners, including the Canadian Hydrogen Association, to advance hydrogen production and technologies both at home and abroad.

    MIL OSI Canada News

  • MIL-OSI Canada: Prime Minister announces new parliamentary secretary team

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, announced a new parliamentary secretary team focused on building Canada strong.

    Canadians elected this new government with a mandate to define a new economic and security relationship with the United States, to build a stronger economy, to bring down costs, and to keep our communities safe. Parliamentary secretaries will support their respective cabinet ministers and secretaries of state to deliver on this mandate.

    The new parliamentary secretary team is appointed as follows:

    • Karim Bardeesy becomes Parliamentary Secretary to the Minister of Industry
    • Jaime Battiste becomes Parliamentary Secretary to the Minister of Crown-Indigenous Relations
    • Rachel Bendayan becomes Parliamentary Secretary to the Prime Minister
    • Kody Blois becomes Parliamentary Secretary to the Prime Minister
    • Sean Casey becomes Parliamentary Secretary to the Minister of Veterans Affairs and Associate Minister of National Defence
    • Sophie Chatel becomes Parliamentary Secretary to the Minister of Agriculture and Agri-Food
    • Madeleine Chenette becomes Parliamentary Secretary to the Minister of Canadian Identity and Culture and Minister responsible for Official Languages and Parliamentary Secretary to the Secretary of State (Sport)
    • Maggie Chi becomes Parliamentary Secretary to the Minister of Health
    • Leslie Church becomes Parliamentary Secretary to the Secretaries of State for Labour, for Seniors, and for Children and Youth, and Parliamentary Secretary to the Minister of Jobs and Families (Persons with Disabilities)
    • Caroline Desrochers becomes Parliamentary Secretary to the Minister of Housing and Infrastructure
    • Ali Ehsassi becomes Parliamentary Secretary to the President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy (Canada-U.S. Trade)
    • Mona Fortier becomes Parliamentary Secretary to the Minister of Foreign Affairs
    • Peter Fragiskatos becomes Parliamentary Secretary to the Minister of Immigration, Refugees and Citizenship
    • Vince Gasparro becomes Parliamentary Secretary to the Secretary of State (Combatting Crime)
    • Wade Grant becomes Parliamentary Secretary to the Minister of Environment and Climate Change
    • Claude Guay becomes Parliamentary Secretary to the Minister of Energy and Natural Resources
    • Brendan Hanley becomes Parliamentary Secretary to the Minister of Northern and Arctic Affairs
    • Corey Hogan becomes Parliamentary Secretary to the Minister of Energy and Natural Resources
    • Anthony Housefather becomes Parliamentary Secretary to the Minister of Emergency Management and Community Resilience
    • Mike Kelloway becomes Parliamentary Secretary to the Minister of Transport and Internal Trade
    • Ernie Klassen becomes Parliamentary Secretary to the Minister of Fisheries
    • Annie Koutrakis becomes Parliamentary Secretary to the Minister of Jobs and Families
    • Kevin Lamoureux becomes Parliamentary Secretary to the Leader of the Government in the House of Commons
    • Patricia Lattanzio becomes Parliamentary Secretary to the Minister of Justice and Attorney General of Canada
    • Ginette Lavack becomes Parliamentary Secretary to the Minister of Indigenous Services
    • Carlos Leitao becomes Parliamentary Secretary to the Minister of Industry
    • Tim Louis becomes Parliamentary Secretary to the President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy (Intergovernmental Affairs and One Canadian Economy)
    • Jennifer McKelvie becomes Parliamentary Secretary to the Minister of Housing and Infrastructure
    • Marie-Gabrielle Ménard becomes Parliamentary Secretary to the Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism)
    • David Myles becomes Parliamentary Secretary to the Minister of Canadian Identity and Culture and Minister responsible for Official Languages and Parliamentary Secretary to the Secretary of State (Nature)
    • Yasir Naqvi becomes Parliamentary Secretary to the Minister of International Trade and Parliamentary Secretary to the Secretary of State (International Development)
    • Taleeb Noormohamed becomes Parliamentary Secretary to the Minister of Artificial Intelligence and Digital Innovation
    • Rob Oliphant becomes Parliamentary Secretary to the Minister of Foreign Affairs
    • Tom Osborne becomes Parliamentary Secretary to the President of the Treasury Board
    • Jacques Ramsay becomes Parliamentary Secretary to the Minister of Public Safety
    • Pauline Rochefort becomes Parliamentary Secretary to the Secretary of State (Rural Development)
    • Sherry Romanado becomes Parliamentary Secretary to the Minister of National Defence
    • Jenna Sudds becomes Parliamentary Secretary to the Minister of Government Transformation, Public Works and Procurement and Parliamentary Secretary to the Secretary of State (Defence Procurement)
    • Ryan Turnbull becomes Parliamentary Secretary to the Minister of Finance and National Revenue and Parliamentary Secretary to the Secretary of State (Canada Revenue Agency and Financial Institutions)

    Prime Minister Carney also announced that Élisabeth Brière will serve as Deputy Chief Government Whip, and Arielle Kayabaga will serve as Deputy Leader of the Government in the House of Commons.

    Quote

    “Canada’s new parliamentary secretary team will deliver on the government’s mandate for change, working collaboratively with all parties in Parliament to build the strongest economy in the G7, advance a new security and economic partnership with the United States, and help Canadians get ahead.”

    Quick Fact

    • Parliamentary secretaries are chosen by the Prime Minister to assist ministers and secretaries of state.

    Associated Link

    MIL OSI Canada News

  • MIL-OSI USA: Just Passing Through: Remarks at the Meeting of the SEC Investor Advisory Committee

    Source: Securities and Exchange Commission

    Thank you, Brian [Schorr]. Good morning and thank you to all of the Committee members and panelists for your participation today. Your two panel discussions should be interesting, and I hope you will have a robust discussion about the draft recommendation on investment adviser arbitration.

    Pass-through voting for funds arose as a response to concerns that some fund advisers seemed to have forgotten to whom voting rights belong. Advisers, for example, were signing on to pledges to vote the shares of the funds they advised in accordance with third-party principles, and some asset manager stewardship teams were making cross-complex voting recommendations without regard for disparate fund objectives. As noted in today’s meeting agenda, “[t]he right to vote at a shareholder meeting belongs to the registered shareowner under state law.”[1] In the case of investment funds, the right belongs not to the adviser and not even to the fund investors, but to the fund itself.[2]

    A fund’s board may delegate voting power to its adviser, but the adviser must exercise it in the interests of that fund and that fund alone. In making the voting decision, the adviser owes a fiduciary duty to its client—the fund—not to fund investors.[3] An asset manager that advises a large passive index fund and a small environmental impact fund may be tempted to use the leverage afforded by the index fund’s large holding in a company to pressure the company to take actions that would align with the environmental fund’s objectives. Such active engagement, however, is at odds with the passivity of the index fund.[4]

    Does pass-through voting, which effectively hands the fund’s votes to the subset of fund investors who choose to express their preferences, respect the reality of the fund’s ownership? As you think about this question, bear in mind that regardless of their individual views on issues on which the fund may be called to vote, when investors in a fund choose to invest in a fund, they are signing on to the fund’s objectives.

    With respect to your second panel topic: non-GAAP financial disclosures, today’s meeting agenda rightfully points out their ability to “help frame financial results from management’s perspective.”[5] But more than offering additional perspective, such measures may reflect the actual metrics by which management evaluates its business. I hope the Committee will assess to what extent standardizing non-GAAP measures may undermine their inherent which is to provide particularized nuance to already standardized GAAP measures.

    I appreciate the Committee’s consideration of mandatory arbitration clauses by registered investment advisers and the work that went into the draft recommendation that you will consider today.[6] The draft suggests that the Commission should harmonize the regulation of predispute arbitration clauses for registered investment advisers and broker-dealers. In its discussion, I hope the Committee will consider the following questions:

    1. As I mentioned at the December 10, 2024 discussion of these issues, freedom of contract is a bedrock principle.[7] How is the Committee thinking about that principle in connection with these draft recommendations?
    2. Would harmonization in the area of arbitration obscure the different regulatory approaches for broker-dealers and investment advisers? The former is more rules-based and administered by FINRA, whereas the latter is principles-based and administered directly by the SEC without the assistance of an SRO.
    3. Applying FINRA Rule 2268 to investment advisers, as the draft proposes, would prohibit investment advisers from, among other things, including in advisory agreements any clause that limits or contradicts the rules of any self‑regulatory organization. Given the absence of an SRO for advisers, how would investment advisers comply with this rule?
    4. I found the discussion of investment adviser arbitration clauses at the December meeting and in the report presented by Staci Puente valuable. As noted in the report, however, only 5% of advisory agreements with retail clients that contained mandatory arbitration clauses (approximately 61% of such advisory agreements) limited claims that a client may assert and only 11% limited damages that may be awarded. Given these statistics and the fact that some states have addressed adviser arbitration clauses, should the Commission use its limited resources to engage in a rulemaking on investment adviser arbitration?

    Thank you again for your willingness to dedicates so much of your time to the Investor Advisory Committee. Thank you also to Cristina Martin-Firvida, Marc Sharma, and Adam Moore for their work with the Committee.


    [2] See Disclosure of Proxy Voting Policies and Proxy Voting Records by Registered Management Investment Companies, 68 Fed. Reg. 6564, 6565 (Feb. 7, 2003), https://www.govinfo.gov/content/pkg/FR-2003-02-07/pdf/03-2951.pdf (“Because a mutual fund is the beneficial owner of its portfolio securities, the fund’s board of directors, acting on the fund’s behalf, has the right and the obligation to vote proxies relating to the fund’s portfolio securities. As a practical matter, however, the board typically delegates this function to the fund’s investment adviser as part of the adviser’s general management of fund assets, subject to the board’s continuing oversight.”).

    [3] See Goldstein v. SEC, 451 F.3d 873, 881 (D.C. Cir. 2006) (“If the investors are owed a fiduciary duty and the entity is also owed a fiduciary duty, then the adviser will inevitably face conflicts of interest. Consider an investment adviser to a hedge fund that is about to go bankrupt. His advice to the fund will likely include any and all measures to remain solvent. His advice to an investor in the fund, however, would likely be to sell. . . . While the shareholders may benefit from the professionals’ counsel indirectly, their individual interests easily can be drawn into conflict with the interests of the entity. It simply cannot be the case that investment advisers are the servants of two masters in this way.” (footnote omitted)); Nat’l Ass’n of Priv. Fund Managers v. SEC, 103 F.4th 1097, 1103 (5th Cir. 2024) (“In the private fund context, that client is the fund itself – not the fund’s investors.”).

    MIL OSI USA News

  • MIL-OSI USA: Transformative Infrastructure Projects in Village of Catskill

    Source: US State of New York

    overnor Kathy Hochul today announced the start of construction on transformative water and sewer projects totaling $30 million in the Village of Catskill. The Village is modernizing its outdated wastewater and stormwater system to safeguard the Hudson River and build a stronger, more resilient community. The village is also replacing a century-old water main and undertaking additional improvements that will protect drinking water. A combination of State, federal and local investments, including more than $24 million in grants, are making the projects affordable for local ratepayers while delivering good-paying jobs to the Capital District. The projects signify important progress for Catskill — cleaner water, stronger infrastructure and new opportunities for growth.

    “This project reflects New York’s unwavering commitment to clean water and affordability,” Governor Hochul said. “By upgrading outdated water systems and reducing harmful pollution in the Hudson River, we’re ensuring that communities have access to safe, clean water, without placing added strain on family budgets. These investments are not only protecting the health of our residents today but also creating a more sustainable future for New Yorkers.”

    Catskill’s sewer project will reduce inflow and filtration in the sanitary sewers, allowing for the future decommissioning of four outdated sewer outfalls that currently discharge untreated or partially treated wastewater into the Hudson River during heavy rain events. By upgrading key components of the local sewer network, the project will reduce pollution, ensure reliable wastewater services for residents, and strengthen the community’s resilience to extreme weather-related impacts.

    The drinking water project is part of a comprehensive effort that includes replacing aging water mains, reconstructing the sedimentation basin, constructing a new water storage tank, and upgrading the existing water filtration plant. This project marks a significant step toward ensuring the long-term health and safety of the village’s water supply.

    These projects are funded by grants from Governor Hochul’s continued commitment to clean water and investments from the State Revolving Funds, enhanced in part by the federal Infrastructure Investment and Jobs Act (IIJA). The State Revolving Funds are New York’s primary financial vehicle for advancing the State’s clean water goals, delivering billions annually to communities statewide. The additional federal investment through IIJA has expanded the Funds’ reach, allowing more communities to undertake critical water and sewer projects while minimizing the financial burden on local ratepayers.

    This investment is part of New York’s broader strategy to maximize the impact of state and federal infrastructure dollars, ensuring every region benefits from cleaner water, safer systems, and long-term sustainability.

    The sewer project funding includes:

    • $13.7 million from the State’s Water Quality Improvement Program and Water Infrastructure Improvement grants
    • $7.5 million federal grant and $3.8 million interest-free financing from the Clean Water State Revolving Fund, enhanced by IIJA funding

    The drinking water project funding includes:

    • $2.9 million from the State’s Water Infrastructure Improvement grant program
    • $2 million in low-interest financing from the Drinking Water State Revolving Fund

    In addition to protecting water quality, the projects will support construction, manufacturing, engineering, and other related industry jobs. The projects will be completed in multiple phases. This phase is expected to be completed in Summer 2026.

    Environmental Facilities Corporation President and CEO Maureen A. Coleman said, “EFC is proud to support these vital projects that will directly benefit Catskill and the communities along the Hudson River, and further Governor Hochul’s statewide commitment to clean water. Thanks to the power of the State Revolving Funds and New York’s targeted water infrastructure grants, we’re helping communities afford projects that otherwise might be out of reach. These investments not only protect our environment but also ensure long-term affordability for local ratepayers.”

    Department of Environmental Conservation Commissioner Amanda Lefton said, “The village of Catskill’s critical infrastructure projects will safeguard drinking water, reduce pollution in the Hudson River, and enhance resiliency in the face of increasingly destructive storms. DEC is proud to partner with EFC and village leaders as we advance Governor Hochul’s clean water priorities and make record state investments in projects like this so they are more affordable for communities and protect residents throughout the region.”

    New York State Health Commissioner Dr. James McDonald said, “Governor Hochul continues to show her commitment to ensuring access to safe drinking water for communities like Catskill and throughout the State of New York. Investments in water infrastructure that are affordable for all are essential to public health. The State Health Department will continue to work with our federal, state and local partners to protect this most vital resource and the health of New Yorkers.”

    Senator Charles Schumer said, “Every family and resident in Catskill should have access to clean drinking water and a modern water-sewer system. I’m proud to deliver millions in federal funding from our bipartisan Infrastructure, Investment & Jobs law to modernize the village’s wastewater and stormwater system. This will help clean the Hudson River by cleaning up the sewer outflows and ensuring residents have access to cleaner drinking water – all while creating good-paying jobs, jobs, jobs. I’m grateful for Governor Hochul’s partnership in the fight to turn the tide on our state’s aging water infrastructure to keep our communities economically safe, healthy and economically vibrant.”

    State Senator Michelle Hinchey said, “Investing in modern water infrastructure is one of the most effective ways we can protect the Hudson River Valley watershed and ensure clean, reliable drinking water for local communities like the Village of Catskill. New York has some of the oldest water systems in the country, and too often, the cost of these upgrades is insurmountable for small communities to manage on their own. I’m proud to have helped secure the state support that made these water infrastructure improvements in Catskill possible, and I thank Governor Hochul for her partnership in getting it done.”

    Greene County Director of Economic Development, Tourism, and Planning James Hannahs said, “Access to clean drinking water and effective stormwater management is essential for the high quality-of-life factor that Greene County strives to strengthen and maintain. With these necessary updates to their water infrastructure and resilient safeguards to the Hudson River, the Village of Catskill will solidify its profile as the premiere destination to raise a family, open a business, and connect with the Great Northern Catskills.”

    Catskill Village Board President Natasha Law said, “The Village of Catskill is excited to announce that we are officially breaking ground on our water and sewer projects, funded by $16.6 million in state grants, $7.5 million in federal grants, and additional financing from the Clean Water and Drinking Water State Revolving Funds. These essential improvements will protect water quality within our community. We anticipate completing this phase by Summer 2026 and look forward to the positive impact on our village.”

    New York’s Commitment to Water Quality

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

    MIL OSI USA News

  • MIL-OSI United Kingdom: OSCE Secretary General’s presentation of the 2026 Programme Outline: UK statement

    Source: United Kingdom – Executive Government & Departments

    Speech

    OSCE Secretary General’s presentation of the 2026 Programme Outline: UK statement

    Ambassador Holland thanks Secretary General Sinirlioğlu for his presentation of the 2026 Programme Outline and reiterates the UK’s strong support for agreement of a 2025 and 2026 Unified Budget.

    Thank you, Secretary General, for your presentation this afternoon. Let me also thank the Fund Managers and teams responsible for developing the 2026 Programme Outline, which clearly sets out both the challenges facing the OSCE and the continued importance of this organisation’s work.

    The United Kingdom is fully aware that the wider context for the OSCE’s work in 2026 will remain extremely challenging. A foremost priority of the organisation must be to continue to support Ukraine and to address the impacts of Russia’s war of aggression, which has violated the fundamental principles of both the OSCE and the United Nations.  When Russia finally agrees to stop the fighting, we must be ready to pivot and contribute to Ukraine’s sustainable recovery and a just and lasting peace in Ukraine and across the region.

    In this context the UK appreciates that agreeing a Unified Budget for 2026 will not be an easy task. We deeply regret that participating States have been unable to agree a budget for this organisation since 2021, and we recognise that an extended period without a Unified Budget or Post Table has impacted the organisation’s ability to respond flexibly to emerging requirements. We sincerely appreciate the efforts of all OSCE staff and structures in delivering against their mandates under the most difficult of circumstances. It is vital that we – as participating States – engage constructively to find solutions to ensure the OSCE is adequately resourced and able to function effectively.

    Secretary General, we will provide further comments on the detail of the Programme Outline during the PrepComm sessions and through future discussions on the 2026 Unified Budget Proposal. But I would like to reiterate the UK’s fundamental position that we support all parts of this organisation being adequately funded, and we are ready to engage constructively with proposals which would put the OSCE on a more sustainable financial footing which takes account of global financial realities. As set out in the Programme Outline summary, it is important that the organisation’s core activity can be delivered through the Unified Budget to ensure sustainability and predictability.

    Mr Chair, I would like to reiterate that the UK will remain strongly committed to supporting a positive outcome on OSCE finances. I encourage all colleagues to see the bigger picture at a difficult time for the organisation. I wish Switzerland well in developing the incoming Chair’s perception paper, and thank Finland for guiding participating States through the process this year. We strongly encourage all participating States to work constructively towards the agreement of both a 2025 and 2026 Unified Budget.

    Thank you, Mr Chair.

    Updates to this page

    Published 5 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Rep. Stevens Statement on CBO Declaring Trump’s Budget Will Kick 11 Million People Off Health Coverage, Increase Debt by $2.4 Trillion

    Source: United States House of Representatives – Congresswoman Haley Stevens (MI-11)

    WASHINGTON, D.C. –– Michigan Congresswoman Haley Stevens released the following statement:

    “Michiganders have known it for weeks, and now the CBO has confirmed it: Trump’s big, beautiful bill only benefits the rich and powerful, all while hurting Michiganders and hemorrhaging our financial future. 

    “Kicking millions of Americans off their health insurance, including hundreds of thousands of Michiganders, is absurd and an insult to working families struggling with rising costs. This means even higher prices, less people in the workforce, less people getting the healthcare treatment they need, all while giving handouts to the very top of the 1%.

    “Republicans need to stop their chaotic agenda and get serious about protecting Michigan’s health care.”

    ###

    MIL OSI USA News

  • MIL-OSI USA: Kugler, The Economic Outlook and Appropriate Monetary Policy

    Source: US State of New York Federal Reserve

    Thank you, Barbara, and thank you for the invitation to speak to you today. It is an honor to join other members of the Federal Open Market Committee (FOMC) who have addressed the Economic Club of New York over the years.1
    My subject is the current state of the U.S. economy, the economic outlook, and the implications for monetary policy. The short version is that the labor market appears resilient and stable and economic activity is continuing to grow, although at a more moderate pace than in the second half of last year.
    While the labor market is currently at or near the FOMC’s goal of maximum employment, there is the prospect that trade and other policy changes could raise the unemployment rate and push employment away from our objective. These policies, especially higher import tariffs, could also raise inflation over the rest of this year. In fact, while progress toward the FOMC’s goal of 2 percent inflation has continued, we have seen an escalation in goods inflation and data from surveys, and non-traditional sources point to some inflationary pressures as well.
    In addition to increases in U.S. import tariffs and retaliatory increases in the tariffs foreign countries apply to U.S. exports, other policy changes, either proposed or already underway relate to immigration, fiscal policy and regulation. Those policies could affect economic conditions, and since it is the FOMC’s job to set monetary policy that is best able to achieve our mandated goals of maximum employment and stable prices, we must consider the effects of these policies. So far, we are beginning to see the impact only of higher tariffs on inflation. Still, thinking about the outlook requires consideration of how the economy could be affected by all these policy changes moving forward.
    It remains difficult to judge the current strength of economic activity, based on data through the first four months of 2025, primarily because of the front-loading of imports ahead of the implementation of tariffs. While real gross domestic product (GDP) declined slightly in the first quarter, that was largely because of a surge in imports ahead of anticipated tariff increases, a surge that will likely reverse. Putting aside fluctuations in trade and in inventories and focusing on the April data, personal income and consumption point to a slight moderation in economic activity. While personal disposable income increased at a healthy pace so far this year, consumption grew more slowly in April, which may indicate consumers are becoming more cautious. That said, there is considerable uncertainty about imports in the second quarter and uncertainty about the impact that higher prices will have on spending, so I will be looking for more evidence about economic activity in May ahead of the FOMC’s next meeting, June 17 and 18.
    One encouraging sign about economic activity is the resilience of the labor market. We will get the May employment report tomorrow, but the data in hand indicate that employment has continued to grow and that labor supply and demand remain in relative balance. In April, employers added 177,000 jobs, slightly higher than the average for the previous six months. The unemployment rate was steady in April at 4.2 percent, in the historically low range of 4 percent to 4.2 percent that it has remained in since May 2024. Data on job openings and quits for April likewise point to a resilient but somewhat looser labor market with a balance of supply and demand. The vacancy rate, a measure of demand for workers, was 4.4 percent, down from a peak of 7.4 percent three years ago and roughly the same level as just before the pandemic.2 The quits rate, an indicator of the confidence workers feel in finding a job, has been in the narrow range of 1.9 to 2.2 percent since December 2023, and just a bit below the average level in 2019.3
    Ahead of tomorrow’s employment report, other data that we have for May are generally consistent with this picture of the labor market but may suggest some cooling. The average of private-sector forecasters’ predictions for total job creation is 130,000.4 Also, while the pace of job layoffs remained at historically low levels through the final week of May, based on the number of new claims for unemployment benefits, other measures suggest modest increases in layoffs. For instance, Worker Adjustment and Retraining Notifications (WARN notices) of layoffs have ticked up since the beginning of the year, as have the mentions of layoffs in the Fed’s Beige Book survey and job cuts data reported by Challenger, Gray and Christmas.
    The other side of the FOMC’s dual mandate is price stability. Progress in lowering inflation toward the Committee’s 2 percent target has slowed some since last summer, even if headline and core inflation have continued to decline. The FOMC’s preferred inflation gauge, based on personal consumption expenditures (PCE), grew at a 2.1 percent annual rate in April. While that is quite close to the FOMC’s target, it was dragged down by a decline in energy prices. Core inflation—which excludes volatile prices for food and energy and is a good guide to future inflation—came in at 2.5 percent, so I do believe that our monetary policy stance, which I view as modestly restrictive, is currently appropriate to achieve and sustain 2 percent inflation over the longer term.
    Sticking with core inflation, to help me judge ongoing progress toward price stability, I like to look at the 12-month change in each of the three main categories of core inflation: housing services, services excluding housing, and goods. The PCE price index for housing services has declined markedly in the past year, from 5.7 percent in April 2024 to 4.2 percent in April this year, but it is still considerably above the level that persisted before the pandemic. Meanwhile, the PCE price index for core services excluding housing, which makes up more than half of core PCE inflation, has declined from 3.6 percent in April last year to 3 percent in April 2025, still somewhat above the level that prevailed before the pandemic. And the third category is core goods inflation, which rose at a 0.2 percent annual rate in the 12 months through April, compared with April 2024 when it had actually fallen 0.5 percent over the previous 12 months. In recent decades, core goods prices have typically fallen over time, helping to keep a lid on overall inflation, so this is a meaningful reversal of the disinflationary process. To sum up, while core services inflation has fallen, it is still running above the rate before the pandemic, and the progress on core goods inflation has reversed. I have been paying attention to this reversal for some time and how this could be exacerbated by the announced and implemented tariffs.
    Research published recently by Federal Reserve Board staff calculates the pass-through of tariffs enacted before April 2 to individual product categories tracked in personal consumption expenditures.5 Using PCE data from February through April, the authors estimate that the 20 percentage point increase in tariffs on Chinese imports earlier in the year raised overall core PCE prices by two tenths of 1 percent. Since tariffs on China are currently higher than 20 percent, and tariffs have increased for other countries, these results tell me, first, that the pass-through of tariffs into prices is relatively quick, and, second, should elevated tariffs persist, even just in the short run, larger effects may be coming soon. The import surge I mentioned earlier, ahead of sharp tariff increases, has delayed the price effects associated with those tariffs, and the reversal in that surge that I expect in the next few months will likely signal larger price increases.
    An important feature of most of the data I have mentioned so far is that it is released with significant lags. For example, the initial estimate of GDP is released about 30 days after the end of the quarter, and two later revisions mean that we may not get a clear idea of how output increased until nearly three months afterward. Monthly data on job openings are typically released with a one-month delay. The reasons for these lags are well known. For instance, statistical agencies can only survey households and businesses every so often, and it takes time to compile and publish high-quality statistics. Still, if policymakers solely rely on these traditional data to forecast what the economy will do in the future, they end up focusing on the past, which is a little like driving down the road by looking in a rearview mirror.
    As I mentioned in my speech last year to the National Association for Business Economics, there has been an explosion of nontraditional or soft data produced by the private sector, giving us an opportunity to measure economic developments with greater timeliness (sometimes even in real time), at a higher frequency, and with more granularity.6 These data are released closer to the time of collection, such as several surveys from the Federal Reserve Banks. Given today’s fast-changing and uncertain environment, soft and non-traditional data becomes all the more important.
    That said, nontraditional data often face their own challenges, including issues with representativeness, the lack of methodological consistency, and a short time-series history. And, to be clear, while some non-traditional data are indeed “soft data” in that they capture sentiment or expectations, other data in this category are decidedly “hard,” since they are based on actual decisions and actions by businesses and households. In evaluating both traditional and nontraditional data on the economy, I face a tradeoff between timeliness and precision, but both sources are essential for me in formulating an outlook.
    So, in the context of hard data that has lately been providing a less-than-clear view of the economy, what are the nontraditional data telling me about meeting the FOMC’s two economic objectives? On the price-stability side, survey data from businesses suggest that price increases are coming. These surveys report diffusion indexes, which are calculated as the percentage of total respondents reporting increases in prices minus the percentage reporting declines. Surveys for May point to indexes for inputs and selling prices being elevated relative to the beginning of the year, probably reflecting effects from higher tariffs. Manufacturing and non-manufacturing surveys from the Institute for Supply Management (ISM), as well as several surveys from the Federal Reserve Banks report increases in material prices and prices charged to customers, with many respondents volunteering that this is related to tariff increases.
    I believe expectations of future inflation are an important determinant of current inflation, and data for May continue to point to increases in measures of near-term inflation expectations. An average of private-sector economists published by the Survey of Professional Forecasters finds that expectations for core PCE inflation over the next year moved up from 2.4 percent in April to 2.9 percent in May. Among data on inflation expectations, the most dramatic increases have been seen in the University of Michigan Surveys of Consumers. While I take seriously the concern that recent methodological changes in the survey may have made this measure less reliable, this survey is a longstanding and important barometer of consumer sentiment, and I still monitor the signals it is giving us closely. According to the Michigan survey, consumers expect inflation in the next year to average 6.6 percent and over the next 5 to 10 years to average 4.2 percent. Tariffs continued to be an important issue in the Michigan survey, with nearly three-quarters of consumers mentioning them, up from almost 60 percent in April. Firms have also raised their inflation expectations, with a survey by the Cleveland Fed reporting an increase in one-year-ahead expectations from 3.2 percent in the first quarter to 3.9 percent in the second.
    However, I still see stability in most measures of longer-run inflation expectations. Notably, expectations among professional forecasters for inflation 6 to 10 years ahead decreased from 2.1 percent in April to 2 percent in May. That provides me some comfort, as it points to confidence from the public in the Fed to bring inflation to our goal of 2 percent over the medium term.
    Recent developments and the data I have been monitoring have led me to consider at least three channels through which tariffs could have a persistent influence on inflation. First, as I have mentioned in some previous speeches, while it is true that short-run inflation expectations are influenced by short-term economic shocks, I value them because they often represent the horizon of decisionmaking for businesses and consumers.7 The increase in short-run inflation expectations that I previously mentioned may give businesses more leeway to raise prices, thus increasing the persistence of inflation. A second channel for tariffs influencing inflation could be opportunistic pricing by firms, if they take advantage to increase prices of items not directly affected by tariffs. This, along with tariffs on intermediate goods, could generate second-round effects on inflation. And a third channel is that lower productivity may lead to upward pressure on prices. As firms adjust to the higher input costs and lower demand, they may cut back on capital investment and shift to a less-efficient combination of inputs. While, so far, I have only seen anecdotal evidence for the opportunistic pricing among these three channels, I am closely monitoring any signs of increased persistence on inflation.
    Nontraditional data indicators of real activity suggest that the economy might be starting to slow. Measures of household sentiment about economic conditions remain downbeat, such as those from the University of Michigan or the Conference Board. As for businesses, manufacturing surveys, such as the ISM, report a slowing in new orders. Additionally, the May Beige Book reports that economic activity has declined slightly relative to April. On the services side, representing the majority of businesses, the ISM PMI has trended down in the past few months and reached a level in May consistent with stagnation. Focusing on the ISM services new order component, it declined significantly in May to one of its lowest levels in recent years.
    In summary, the nontraditional data on economic activity are consistent with my overall assessment that we might be seeing some moderation in the growth of economic activity but not yet a significant slowdown. As policies on fiscal matters and immigration take shape, I find it important to also account for their implications for the U.S. economic outlook. On the fiscal side, the omnibus bill passed by the House would add stimulus to the economy.8 On the immigration side, we have seen inflows substantially down since last year, which decreases the labor supply and could add meaningful upward pressure to inflation by the end of the year in sectors reliant on immigrant labor such as agriculture, construction, food processing, and leisure and hospitality. That said, I have not yet seen much of an imprint on wages from these developments.
    Let me conclude with the implications of all this for monetary policy. As inflation has declined over the past two years, due in part to tighter monetary policy, the U.S. economy has remained resilient, with stable labor markets and employment near its maximum sustainable level. Disinflation has slowed, and we are already seeing the effects of higher tariffs, which I expect will continue to raise inflation over 2025. I see greater upside risks to inflation at this juncture and potential downside risks to employment and output growth down the road, and this leads me to continue to support maintaining the FOMC’s policy rate at its current setting if upside risks to inflation remain. I view our current stance of monetary policy as well-positioned for any changes in the macroeconomic environment.
    Thank you for the opportunity to speak to you today, and I look forward to what I expect will be interesting questions.

    1. The views expressed here are my own and not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee. Return to text
    2. The vacancy rate is defined as the number of vacant jobs as a percentage of total employment. Return to text
    3. The quits rate is defined as the percentage of employees who voluntarily quit their jobs relative to total employment. Return to text
    4. I report here the median of economists’ expectations for total nonfarm payrolls polled by Bloomberg. Return to text
    5. See Robert Minton and Mariano Somale (2025), “Detecting Tariff Effects on Consumer Prices in Real Time,” FEDS Notes (Washington: Board of Governors of the Federal Reserve System, May 9). Return to text
    6. See Adriana D. Kugler (2024), “The Challenges Facing Economic Measurement and Creative Solutions,” speech delivered at the 21st Annual Economic Measurement Seminar, National Association for Business Economics Foundation, Washington, June 16. Return to text
    7. See Adriana D. Kugler (2025), “Inflation Expectations and Monetary Policymaking,” speech delivered at the Griswold Center for Economic Policy Studies and the Julis-Rabinowitz Center for Public Policy and Finance, Princeton University, Princeton, N.J., April 2. Return to text
    8. See Congressional Budget Office (2025), Preliminary Analysis of the Distributional Effects of the One Big Beautiful Bill Act (Washington: CBO, May). Return to text

    MIL OSI USA News

  • MIL-OSI USA: Remarks at the Meeting of the Investor Advisory Committee

    Source: Securities and Exchange Commission

    Good afternoon and welcome to the second Investor Advisory Committee meeting of 2025, and the first of my Chairmanship. I wish I could be there with you in person. I am now in my third tour of duty at the SEC—having previously served from 1990-1994 on the staff of former Chairmen Richard Breeden and Arthur Levitt, as a Commissioner from 2002-2008, and now as Chairman. As I have said before, it is a new day at the SEC, and I look forward to working with the Committee in this important work.

    Earlier this year, the Commission made a call for candidates to fill vacancies on the Committee. We received almost 200 submissions. Commission staff is now in the process of reviewing these submissions to make recommendations to the Commissioners on which candidates to interview. Hopefully, final selections will be made in time for the new members to join your next quarterly meeting in September. The substantial interest in joining the Committee demonstrates the importance of the work that all of you are doing, and I thank you for your commitment to public service.

    At today’s meeting, the Committee will discuss the proxy voting process for funds and trends in pass-through voting. The topic of proxy voting, proxy advisors, and shareholder activism is extremely important to me, because not only does it have profound implications for corporate governance, but, in the context of funds, it also implicates the fundamental fiduciary duty that advisers owe clients to act in their best interest. I must underscore that investment advisers or pension-fund managers violate their fiduciary duties if they put their own priorities ahead of their clients’ interests when voting proxies. Prior to my arrival at the Commission in April, under the leadership of Acting Chairman Uyeda, the Division of Corporation Finance issued Staff Legal Bulletin No. 14M on shareholder proposals and rescinded the prior Staff Legal Bulletin No. 14L, which was a significant deviation from decades of administration of the Commission’s shareholder proposal rule. It is an important principle that individual investors should be free to vote their shares however they see fit, and pass-through voting may provide investors with the opportunity to do so. I look forward to hearing about recent developments in this space.

    Today the Committee will also discuss the use of non-GAAP financial measures. In order to be useful to investors and to avoid being misleading, the prudent use of non-GAAP measures requires that they be presented transparently and clearly reconciled to the most directly comparable GAAP measure. Their use must be consistent over time and accompanied by disclosure that provides meaningful context to ensure informed decision-making.

    Finally, the Committee will discuss proposed recommendations to harmonize the use of arbitration clauses by investment advisers and brokerage firms. This recommendation follows the Committee’s discussion of these issues at their meeting last December. The use of arbitration has been an important conflict resolution process for a century, recognized by the Federal Arbitration Act of 1925, and I look forward to seeing a readout of the Committee’s thoughts.

    Thank you to the Committee members and panelists for your time in preparing for this meeting. I would also like to thank our Investor Advocate Cristina Martin Firvida and her staff for their hard work in organizing today’s meeting. I look forward to joining you in person at your next meeting.

    MIL OSI USA News

  • MIL-OSI: Ethical Web AI Launches AI Vault SaaS on AWS Marketplace

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) — Bubblr Inc., doing business as Ethical Web AI (OTC: BBLR), a leader in enterprise-specific generative AI, is proud to announce the launch of AI Vault SaaS on the AWS Marketplace. This new software-as-a-service version of AI Vault marks a major milestone for the company, dramatically simplifying deployment and expanding market accessibility.

    AI Vault Enterprise—Ethical Web AI’s original flagship solution—requires integration into a client’s AWS environment, often involving time and DevOps resources. While larger enterprises may accommodate this with ease, smaller companies and those seeking to trial the product may find it a barrier to adoption.

    The new AI Vault SaaS eliminates this friction. Now available directly via the AWS Marketplace, it allows businesses to deploy instantly without needing to configure their cloud infrastructure. This significantly shortens the sales cycle and makes it easy for companies of all sizes to experience AI Vault’s capabilities firsthand.

    “The launch of AI Vault SaaS is a game-changer,” said Steve Morris, CTO and Founder of Ethical Web AI. “Amazon’s support has been phenomenal throughout this process. Our recent accreditation as an AWS Software Partner has been one of the most significant milestones in our history. It’s enabled us to deliver both versions of AI Vault through the AWS Marketplace and unlock powerful co-marketing opportunities.”

    AI Vault SaaS is priced at $20 per user, slightly higher than the $15 per user cost of AI Vault Enterprise due to Ethical Web AI absorbing the full computational workload. Despite this, both offerings remain more cost-effective than typical generative AI competitors, offering significantly greater enterprise control and transparency.

    The company expects to onboard its first five clients within the next week, a milestone that will activate expanded AWS co-marketing support and signal the start of a full-scale commercial push through direct sales and reseller partnerships.

    About AI Vault
    AI Vault is a groundbreaking generative AI platform engineered for enterprises that prioritise security, privacy, and control. With 27% of global businesses—especially financial institutions and highly regulated organisations—hesitant to adopt generative AI due to data concerns, AI Vault provides a trusted alternative.

    The platform offers:

    • Full control and visibility over AI interactions within the organisation
    • Zero data sharing with Ethical Web AI or any third-party LLM partners
    • Protection through three USPTO patents, including a key patent that guarantees client data never leaves their environment

    Watch the explainer video to see AI Vault in action:

    AI Vault Explainer Video (https://ethicalweb.ai/ai-vault-explainer-video/)

    About Ethical Web AI
    Ethical Web AI is a mission-driven technology company advocating for a safer, more transparent internet. Our patented generative AI solutions are designed to empower enterprises with the tools they need to innovate confidently—without compromising ethics, privacy, or security.

    Safe Harbor Statement
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management. They are subject to several uncertainties and risks that could significantly affect the Company’s current plans and expectations, future operations, and financial condition. The Company reserves the right to update or alter its forward-looking statements, whether due to new information, future events or otherwise.

    Media and investor contact: tom.symonds@ethicalweb.ai

    The MIL Network

  • MIL-OSI Europe: Navigating Global Challenges: What’s in it for Europe? | ICMA Annual General Meeting & Conference

    Source: Deutsche Bundesbank in English

    Check against delivery.

    1. Introduction
    Ladies and gentlemen.
    I don’t know what your early morning routine looks like, but mine has changed significantly. Every morning when I get up, the first thing I do is to check the news for developments that I would not have expected even some months ago. Global uncertainty and tectonic shifts are everywhere.
    Today, I would like to take a closer look at what this means for Europe. More specifically: how can Europe make the most of the current circumstances, where many international investors look for new investment opportunities? 
    2. Global threats: Weak growth and high debt
    Let me recap some of the challenges our world is facing. 
    First, the global economy is experiencing a longer period of relatively weak growth. The reasons for this are manifold:

    Growing trade barriers,

    overcapacity in China and
    concentration risks along the supply chain.

    All these factors are becoming a more pressing issue. Trade barriers, such as tariffs and export restrictions, fragment international markets and reduce the efficiency of global trade. Overcapacity in China in key industries can lead to further price pressure, especially in Europe. Concentration in either critical industries like the chip industry or commodities, such as rare earths, can create economic dependencies.
    Besides significant headwinds resulting from geopolitical tensions, we have country-specific challenges. These include:

    Demographic change, causing a shortage of skilled workers.
    Small and medium-sized companies not using the full potential of digitalisation.
    Slow administration and high degree of bureaucracy.

    These factors matter, especially in Europe. 
    And in addition to all this, we are facing broader challenges that you all are aware of. A short list: climate change, degradation of nature and the effects of artificial intelligence (AI) on our economies.
    We also need to talk about rising global debt. Fiscal deficits and public debt-to-GDP ratios have grown significantly in emerging markets and developing economies (EMDE). In 2025, even in advanced economies the debt-to-GDP ratio has reached an average level of 110 %.[1]
    High debt is a significant risk for financial stability. High debt also limits governments’ room for manoeuvre.
    3. Uncertainty causes high volatility in financial markets
    At the same time we face significant uncertainty that is evident in the high volatility on financial markets. This year alone, volatility indicators in many market segments spiked at various occasions:
    In early March, when the new German government presented its fiscal plans. In April, markets reacted strongly to the announcement of “reciprocal” tariffs by the US administration. Recently, we have seen rising yields in many countries, particularly at the long end of the yield curve.
    In part this increase in rates can be seen as a normalisation, as central banks are slowly withdrawing from bond markets. But rising term premia may also reflect heightened awareness of fiscal sustainability with regard to a number of countries, including the US. 
    This shows that: Fiscal leeway is not infinite. This is what even leading government bond markets are telling us. 
    In such an environment, market participants have to deal with remarkable changes. Probably the most prominent one involves rising US Treasury yields, which normally go hand in hand with a rising US dollar. Recently, however, this correlation has been reversed. 
    Potential vulnerabilities also originate from non-bank financial institutions (NBFIs). We saw high margin calls affecting hedge funds, to mention just one example. We have to keep a close eye on NBFIs, not least since they control roughly 50 % of global financial assets.[2]
    Bottom line: In recent months we have experienced significant volatility in financial markets. The good news: Financial markets remained quite resilient, despite this high volatility. But with all these uncertainties and rising debt levels also in advanced economies it is clear: We are not out of the woods. 
    4. Europe has benefited so far
    Europe, in particular, has been holding up relatively well amid this uncertainty and volatility. The euro has appreciated against the US dollar and against the currencies of other major trading partners. European equity markets have been outperforming their peers in other regions. German government bonds have served as a stability anchor and a safe haven, especially amid the uncertainty around tariffs. 
    Looking at government bond spreads in Europe, there were no signs of fragmentation even in times of market stress. We are seeing more and more non-European entities issuing bonds in euro instead of US dollar. Finally, the German government’s fiscal package was well received. The biggest part of the rise in Bund yields following news about the spending plans reflected an improved medium-term growth outlook. 
    So, that’s the good news, but let’s also be honest: Part of the market reaction towards Europe is due to positive expectations about future outcomes. It seems that to some extent we are being praised for reforms we have yet to implement. 
    Beyond that, the strength that Germany and Europe have shown is more relative in nature, so far. In other words, we have also benefited from higher uncertainty in other parts of the world. 
    But it is also true that many investors are discovering Europe to be a safe haven. It is a place where democracy, the rule of law and the principle of checks and balances are part of the DNA.
    5. How can Europe benefit in the future?
    Against this backdrop, how can Germany and Europe preserve and build on these positive developments? Or, put differently, how can we ensure that the current tailwind does not become a lukewarm breeze?
    First, we have to make sure that democracy, rule of law and the principle of checks and balances remain the backbone of Europe. 
    Second, any fiscal space needs to be used in a smart way, fostering growth. This means that financial resources must be channelled into productive investments. 
    Third, growth requires not only smart support from the government. The biggest effort must come from the corporate sector itself.
    European companies have to become more competitive to keep pace with global dynamics. This includes making advances in digitalisation and AI, as well as driving innovation in disruptive technologies and areas. 
    Companies have to stay alert and agile. They have to adapt to the speed of key developments and remain open to change. For that, they need to recruit skilled people.
    To get skilled people, Europe must ensure a well-functioning education system, including good universities. We must secure that everyone has access to educational institutions. 
    That leads me to my last point: We need a social system that ensures social cohesion. At the same time, a social system has to be balanced to provide incentives for work and to avoid overburdening fiscal capacities.
    I could go on listing all the areas where Europe needs to improve. But let me come to an end.
    6. Conclusion
    Ladies and gentlemen.
    The momentum is now on Europe’s side, but it will not be endless. Europe needs to speed up. The public and private sector both need to accelerate and intensify their efforts to ensure their economies remain globally competitive. That’s what investors expect. 
    A major cornerstone of Europe’s promise as a safe haven lies in its democracy, its rule of law and its system of checks and balances. These are some of Europe’s greatest treasures. 
    Being a passionate European, I will do my best to safeguard these treasures. In my case, by stressing the value of central bank independence.
    Footnotes

    International Monetary Fund (2025): World Economic Outlook, 14 April 2025.
    Financial Stability Board (2024): Global Monitoring Report on Non-Bank Financial Intermediation, 16 December 2024.

    MIL OSI

    MIL OSI Europe News

  • MIL-OSI Canada: AIOC mandate expansion: Minister Sawhney

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI United Kingdom: MHRA launches new digital hub in Leeds to drive innovation and regional growth

    Source: United Kingdom – Government Statements

    Press release

    MHRA launches new digital hub in Leeds to drive innovation and regional growth

    The new hub will strengthen the MHRA’s work with regional partners and boost the UK’s digital health and life sciences sector.

    Wes Streeting at today’s launch of the MHRA’s new Leeds hub

    A new digital hub in Leeds is being launched by the Medicines and Healthcare products Regulatory Agency (MHRA), marking a significant step in the agency’s long-term commitment to advancing innovation and strengthening its presence across the UK. 

    Leeds was selected due to its expertise in digital health and strong academic base. The MHRA’s expansion will build on this momentum – driving regional partnerships, attracting skilled talent and local investment. 

    The digital hub forms part of the MHRA’s broader strategy to enhance regulatory agility, strengthen digital capabilities, and deliver better outcomes for patients, the public and industry. It will also enable closer collaboration with digital health networks, NHS organisations, and leading academic institutions nationwide. 

    The move supports the HM Government’s Places for Growth strategy, which aims to expand the regional footprint of public bodies and ensure that opportunities and expertise are more evenly distributed across the UK. 

    Wes Streeting, Health and Social Care Secretary of State, said:   

    “There is a global tech revolution in healthcare unfolding, and Yorkshire will help our country lead it. This isn’t just about creating new jobs across the region – it’s also about bolstering a city that’s already leading the way in digital health.  

    “Driving forward digital transformations like these through our Plan for Chance will mean scientists get data for research quicker, inspectors can develop tech to spot problems quicker, and patients get better results.  

    “As a healthcare innovation powerhouse, Leeds is the perfect place to bring together the MHRA’s regulatory expertise with a thriving tech community, world-class universities, and strong NHS presence.”  

    Lawrence Tallon, Chief Executive of the MHRA, said: 

    “We want regulation of health technologies to move at the pace of innovation. As part of our continued commitment to being a truly national regulator, we are opening a new base amongst one of the UK’s thriving tech hubs in Leeds. 

    “By establishing an MHRA hub in Leeds, we’re strengthening our ability to collaborate with partners across the North of England – bringing regulatory expertise closer to the people, organisations and innovations we serve. 

    “This hub will play a vital role in shaping the future of regulation, including how we harness technology to deliver regulation that meets the needs of patients, supports the health system, and drives life sciences innovation across the UK.” 

    The new hub will be located in Wellington Place in Leeds city centre. The MHRA will initially recruit around 30 permanent, highly-skilled roles, focused on digital delivery, software development and data science, with the ambition for further expansion in future phases. 

    These new roles will sit within the Digital and Technology Group (DTG), focused on delivering an optimised infrastructure and maximising the secure use of data to enable scientists, inspectors, and the rest of the organisation to deliver world class services which can improve outcomes for patients and the public.  

    The Leeds area is home to over 44,000 working-age tech professionals and 11,000 students studying tech-related subjects. It also serves as a base for DHSC and the digital operations of NHS England, with increasing investment from major tech companies. 

    Richard Stubbs, Chief Executive of Health Innovation Yorkshire & Humber, said: 

    “The new MHRA digital hub is fantastic news for Leeds and for Yorkshire as a whole. Our region has world class digital and medical technology capabilities, which will be accelerated even further by bringing government infrastructure closer to the innovator community. We’re hugely looking forward to working closely with our MHRA colleagues to drive valuable collaborations and partnerships that will ultimately benefit patient care and deliver local economic growth.” 

    Councillor Fiona Venner, executive member for equality, health and wellbeing at Leeds City Council, said: 

    “We welcome the MHRA’s announcement of the launch of a new digital hub. Leeds is already a centre for digital health and innovation and this rapidly growing market contributes significantly to the economy. The hub will support the creation of jobs and provide career opportunities for local graduates and professionals. 

    “The announcement adds to the momentum we’re already seeing in Leeds with major organisations choosing to locate roles here, reinforcing the city’s growing national importance as a centre for public service and economic opportunity.” 

    The expansion supports the Government’s Plan for Change, which will make sure that Government jobs support economic growth throughout the country and make it much easier for talented people everywhere to help us rebuild Britain. 

    Notes to editors   

    • The MHRA enhances and improves the health of millions of people every day through the effective regulation of medicines and medical devices, underpinned by science and research.  

    • The agency continues to strengthen its regional engagement across all four nations of the UK. In May 2025, the agency held its first ever Board meeting in Scotland, reaffirming its commitment to supporting public health and life sciences innovation across the whole of the UK. 

    • Headquartered at 10 South Colonnade in Canary Wharf, the agency will continue major scientific and regulatory work at its South Mimms Science Campus. The new Leeds hub forms part of a broader strategy for national expansion. 

    • The MHRA’s Digital and Technology Group (DTG) plays a central role in delivering digital services, managing data securely, and improving business processes across core regulatory functions – including clinical trial applications, safety monitoring and inspections. The DTG has been shortlisted for the Health Service Journal (HSJ) Digital Award. 

    • The MHRA is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe. All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks. 

    • The MHRA is an executive agency of the Department of Health and Social Care.  

    • For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651.

    Updates to this page

    Published 5 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Department Files Civil Forfeiture Complaint Against Over $7.74M Laundered on Behalf of the North Korean Government

    Source: US State of California

    Forfeiture Action is the Latest Disruption of an Indicted North Korean Official’s Efforts to Generate Revenue for North Korea and its Weapons Program Through Illegal IT Worker Schemes and Cryptocurrency Theft

    The Department of Justice filed a civil forfeiture complaint today in the U.S. District Court for the District of Columbia alleging that North Korean information technology (IT) workers obtained illegal employment and amassed millions in cryptocurrency for the benefit of the North Korean government, all as a means of evading U.S. sanctions placed on North Korea. The funds were initially restrained in connection with an April 2023 indictment against Sim Hyon Sop (Sim), a North Korean Foreign Trade Bank (FTB) representative who was allegedly conspiring with the IT workers. While the North Koreans were attempting to launder those ill-gotten gains, the U.S. government was able to freeze and seize over $7.74 million tied to the scheme.

    “This forfeiture action highlights, once again, the North Korean government’s exploitation of the cryptocurrency ecosystem to fund its illicit priorities,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The Department will use every legal tool at its disposal to safeguard the cryptocurrency ecosystem and deny North Korea its ill-gotten gains in violation of U.S. sanctions.”

    “For years, North Korea has exploited global remote IT contracting and cryptocurrency ecosystems to evade U.S. sanctions and bankroll its weapons programs,” said Sue J. Bai, Head of the Justice Department’s National Security Division. “Today’s multimillion-dollar forfeiture action reflects the Department’s strategic focus on disrupting these illicit revenue schemes. We will continue to use every legal tool available to cut off the financial lifelines that sustain the DPRK and its destabilizing agenda.”

    “Crime may pay in other countries but that’s not how it works here,” said U.S. Attorney Jeanine Ferris Pirro for the District of Columbia. “Any adversary who thinks they can benefit, financially, from executing a criminal scheme – whether directly or through the use of surrogates – had better rethink this ‘get rich quick’ strategy. It doesn’t work for the average citizen, and it certainly does not have a more positive outcome for foreign entities. Sanctions are in place against North Korea for a reason, and we will diligently investigate and prosecute anyone who tries to evade them. We will halt your progress, strike back, and take hold of any proceeds you obtained illegally.”

    “The FBI’s investigation has revealed a massive campaign by North Korean IT workers to defraud U.S. businesses by obtaining employment using the stolen identities of American citizens, all so the North Korean government can evade U.S. sanctions and generate revenue for its authoritarian regime,” said Assistant Director Roman Rozhavsky of the FBI Counterintelligence Division. “Today’s action shows the FBI will do everything in our power to protect Americans from being victimized by the North Korean government, and we ask all U.S. companies that employ remote workers to remain vigilant to this new and sophisticated threat.” 

    According to the complaint, the North Korean government uses illegally obtained cryptocurrency as a means of generating revenue for its priorities. This illegally obtained cryptocurrency is allegedly generated, in part, through remote work done by North Korean IT workers deployed around the globe, including in the People’s Republic of China and the Russian Federation (Russia). Those IT workers have generated revenue for North Korea via their jobs at, among other places, blockchain development companies. To obtain employment, these North Korean IT workers allegedly bypassed security and due diligence checks using fraudulent (or fraudulently obtained) identification documents and other obfuscation strategies. These tactics hid the North Koreans’ true location and identities, causing unwitting employers to hire them and pay them a salary, often in stablecoins, such as USDC and USDT.

    To send their illegally obtained cryptocurrency back to North Korea, the IT workers allegedly transferred the cryptocurrency using money laundering techniques. These techniques included: (1) setting up accounts with fictitious identities; (2) moving funds in a series of small amounts; (3) moving funds to other blockchains or converting funds to other forms of virtual currency (i.e., “chain hopping” and “token swapping,” respectively); (4) purchasing non-fungible tokens as a store of value and means of hiding illicit funds; (5) using U.S.-based online accounts to legitimize activity; and (6) commingling their fraud proceeds to hide the origin of the funds. After laundering these funds, the North Korean IT workers allegedly sent them back to the North Korean government, at times via Sim and Kim Sang Man (Kim). Kim is a North Korean national who is the chief executive officer of “Chinyong,” also known as “Jinyong IT Cooperation Company.” Chinyong is subordinate to North Korea’s Ministry of Defense (formerly known as the Ministry of the Peoples’ Armed Forces), which the Treasury Department’s Office of Foreign Assets Control (OFAC) added to its list of Specially Designated Nationals (SDN) on June 1, 2017.

    Chinyong employs delegations of North Korean IT workers that operate in, among other countries, Russia and Laos. Kim allegedly acts as an intermediary between the North Korean IT workers and North Korea’s FTB by sending funds from the North Korean IT workers to Sim.

    On April 24, 2023, OFAC added Sim to its SDN list. On May 23, 2023, OFAC added Chinyong and Kim to its SDN list.

    Today’s forfeiture action follows the Department’s announcement of two federal indictments charging Sim for allegedly conspiring (1) with North Korean IT workers to generate revenue through illegal employment at companies in the United States and abroad; and (2) with over-the-counter cryptocurrency traders to use stolen funds to buy goods for North Korea. The forfeiture action also follows on successful actions to disrupt North Korean revenue generation taken by the Department in May 2024, August 2024, December 2024, and January 2025. Those actions, which are part of the Department-wide DPRK RevGen: Domestic Enabler Initiative launched in March 2024 by the National Security Division and the FBI’s Cyber and Counterintelligence Divisions, targeted U.S. persons facilitating remote IT work and their North Korean co-conspirators.

    The FBI Chicago Field Office and FBI’s Virtual Assets Unit are investigating the cases associated with this complaint.

    Senior Counsel Jessica Peck of the Computer Crime and Intellectual Property Section, Trial Attorney Gregory J. Nicosia, Jr. of the National Security Division’s National Security Cyber Section, Trial Attorney Emma Ellenrieder of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorneys Christopher Tortorice and Rick Blaylock for the District of Columbia are handling the prosecutions and forfeiture action. Significant assistance was provided by former FBI Supervisory Special Agent Chris Wong.

    The FBI, in conjunction with the State and Treasury Departments, issued a May 2022 advisory to alert the international community, private sector, and public about the North Korea IT worker threat. Updated guidance was issued in October 2023 by the United States and the Republic of Korea (South Korea), and in May 2024 by the FBI, which include indicators consistent with the North Korea IT worker fraud and the use of U.S.-based laptop farms. In January 2025, the FBI issued additional guidance regarding extortion and theft of sensitive company data by North Korean IT workers, along with recommended mitigations.

    MIL OSI USA News

  • MIL-OSI Security: Department Files Civil Forfeiture Complaint Against Over $7.74M Laundered on Behalf of the North Korean Government

    Source: United States Attorneys General

    Forfeiture Action is the Latest Disruption of an Indicted North Korean Official’s Efforts to Generate Revenue for North Korea and its Weapons Program Through Illegal IT Worker Schemes and Cryptocurrency Theft

    The Department of Justice filed a civil forfeiture complaint today in the U.S. District Court for the District of Columbia alleging that North Korean information technology (IT) workers obtained illegal employment and amassed millions in cryptocurrency for the benefit of the North Korean government, all as a means of evading U.S. sanctions placed on North Korea. The funds were initially restrained in connection with an April 2023 indictment against Sim Hyon Sop (Sim), a North Korean Foreign Trade Bank (FTB) representative who was allegedly conspiring with the IT workers. While the North Koreans were attempting to launder those ill-gotten gains, the U.S. government was able to freeze and seize over $7.74 million tied to the scheme.

    “This forfeiture action highlights, once again, the North Korean government’s exploitation of the cryptocurrency ecosystem to fund its illicit priorities,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The Department will use every legal tool at its disposal to safeguard the cryptocurrency ecosystem and deny North Korea its ill-gotten gains in violation of U.S. sanctions.”

    “For years, North Korea has exploited global remote IT contracting and cryptocurrency ecosystems to evade U.S. sanctions and bankroll its weapons programs,” said Sue J. Bai, Head of the Justice Department’s National Security Division. “Today’s multimillion-dollar forfeiture action reflects the Department’s strategic focus on disrupting these illicit revenue schemes. We will continue to use every legal tool available to cut off the financial lifelines that sustain the DPRK and its destabilizing agenda.”

    “Crime may pay in other countries but that’s not how it works here,” said U.S. Attorney Jeanine Ferris Pirro for the District of Columbia. “Any adversary who thinks they can benefit, financially, from executing a criminal scheme – whether directly or through the use of surrogates – had better rethink this ‘get rich quick’ strategy. It doesn’t work for the average citizen, and it certainly does not have a more positive outcome for foreign entities. Sanctions are in place against North Korea for a reason, and we will diligently investigate and prosecute anyone who tries to evade them. We will halt your progress, strike back, and take hold of any proceeds you obtained illegally.”

    “The FBI’s investigation has revealed a massive campaign by North Korean IT workers to defraud U.S. businesses by obtaining employment using the stolen identities of American citizens, all so the North Korean government can evade U.S. sanctions and generate revenue for its authoritarian regime,” said Assistant Director Roman Rozhavsky of the FBI Counterintelligence Division. “Today’s action shows the FBI will do everything in our power to protect Americans from being victimized by the North Korean government, and we ask all U.S. companies that employ remote workers to remain vigilant to this new and sophisticated threat.” 

    According to the complaint, the North Korean government uses illegally obtained cryptocurrency as a means of generating revenue for its priorities. This illegally obtained cryptocurrency is allegedly generated, in part, through remote work done by North Korean IT workers deployed around the globe, including in the People’s Republic of China and the Russian Federation (Russia). Those IT workers have generated revenue for North Korea via their jobs at, among other places, blockchain development companies. To obtain employment, these North Korean IT workers allegedly bypassed security and due diligence checks using fraudulent (or fraudulently obtained) identification documents and other obfuscation strategies. These tactics hid the North Koreans’ true location and identities, causing unwitting employers to hire them and pay them a salary, often in stablecoins, such as USDC and USDT.

    To send their illegally obtained cryptocurrency back to North Korea, the IT workers allegedly transferred the cryptocurrency using money laundering techniques. These techniques included: (1) setting up accounts with fictitious identities; (2) moving funds in a series of small amounts; (3) moving funds to other blockchains or converting funds to other forms of virtual currency (i.e., “chain hopping” and “token swapping,” respectively); (4) purchasing non-fungible tokens as a store of value and means of hiding illicit funds; (5) using U.S.-based online accounts to legitimize activity; and (6) commingling their fraud proceeds to hide the origin of the funds. After laundering these funds, the North Korean IT workers allegedly sent them back to the North Korean government, at times via Sim and Kim Sang Man (Kim). Kim is a North Korean national who is the chief executive officer of “Chinyong,” also known as “Jinyong IT Cooperation Company.” Chinyong is subordinate to North Korea’s Ministry of Defense (formerly known as the Ministry of the Peoples’ Armed Forces), which the Treasury Department’s Office of Foreign Assets Control (OFAC) added to its list of Specially Designated Nationals (SDN) on June 1, 2017.

    Chinyong employs delegations of North Korean IT workers that operate in, among other countries, Russia and Laos. Kim allegedly acts as an intermediary between the North Korean IT workers and North Korea’s FTB by sending funds from the North Korean IT workers to Sim.

    On April 24, 2023, OFAC added Sim to its SDN list. On May 23, 2023, OFAC added Chinyong and Kim to its SDN list.

    Today’s forfeiture action follows the Department’s announcement of two federal indictments charging Sim for allegedly conspiring (1) with North Korean IT workers to generate revenue through illegal employment at companies in the United States and abroad; and (2) with over-the-counter cryptocurrency traders to use stolen funds to buy goods for North Korea. The forfeiture action also follows on successful actions to disrupt North Korean revenue generation taken by the Department in May 2024, August 2024, December 2024, and January 2025. Those actions, which are part of the Department-wide DPRK RevGen: Domestic Enabler Initiative launched in March 2024 by the National Security Division and the FBI’s Cyber and Counterintelligence Divisions, targeted U.S. persons facilitating remote IT work and their North Korean co-conspirators.

    The FBI Chicago Field Office and FBI’s Virtual Assets Unit are investigating the cases associated with this complaint.

    Senior Counsel Jessica Peck of the Computer Crime and Intellectual Property Section, Trial Attorney Gregory J. Nicosia, Jr. of the National Security Division’s National Security Cyber Section, Trial Attorney Emma Ellenrieder of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorneys Christopher Tortorice and Rick Blaylock for the District of Columbia are handling the prosecutions and forfeiture action. Significant assistance was provided by former FBI Supervisory Special Agent Chris Wong.

    The FBI, in conjunction with the State and Treasury Departments, issued a May 2022 advisory to alert the international community, private sector, and public about the North Korea IT worker threat. Updated guidance was issued in October 2023 by the United States and the Republic of Korea (South Korea), and in May 2024 by the FBI, which include indicators consistent with the North Korea IT worker fraud and the use of U.S.-based laptop farms. In January 2025, the FBI issued additional guidance regarding extortion and theft of sensitive company data by North Korean IT workers, along with recommended mitigations.

    MIL Security OSI

  • MIL-OSI: Trade 350 App: This Trade 350 App Establishes New Standard for Retail Traders in 2025—Advanced AI Signals Backed by Military-Grade Security

    Source: GlobeNewswire (MIL-OSI)

    New York City, June 05, 2025 (GLOBE NEWSWIRE) — In an industry crowded with promises and half-measures, Trade 350 App emerges as a true trailblazer. Launched in early 2023 by a team of seasoned quantitative analysts and software engineers, Trade 350 leverages state-of-the-art artificial intelligence and proprietary algorithms to deliver a seamlessly automated trading experience. As of mid-2025, more than 125,000 active users across 28 countries have entrusted their capital to Trade 350, citing rapid withdrawals, crystal-clear fee structures, and consistently reliable AI signals. This press-release–style article delves deeply into the features, security protocols, and glowing user feedback that have positioned Trade 350 App as one of the most highly recommended retail trading platforms on the market.

    Be Part of the AI Revolution—Download Trade 350 and Watch Your Portfolio Soar!”

    Overview: Trade 350 App’s Mission and Vision

    At its core, Trade 350 App was conceived to democratize high-frequency, algorithmic trading strategies—to bring hedge-fund-grade tools into the hands of everyday retail investors. The founding vision, articulated by CEO Samantha Lopez, was simple: “Empower individuals—novices and professionals alike—to trade confidently, safely, and profitably, without having to become quant wizards overnight.” By fusing machine-learning models with robust risk-management controls and a user-first design, Trade 350 did more than merely enter the market: it redefined expectations.

    Key pillars of Trade 350’s mission include:

    • Accessibility: Ensuring that a minimum initial deposit ($250 USD) and transparent fee structure open the door for traders with limited capital.
    • Reliability: Providing consistently accurate trade signals, backed by 24/7 monitoring and continuous AI retraining.
    • Security: Adopting military-grade encryption, multi-factor authentication, and strict data-privacy protocols to safeguard user assets.
    • Education: Offering extensive learning resources—webinars, tutorials, and a dedicated knowledge base—to accelerate every user’s understanding of risk, strategy, and market dynamics.

    Ready to Trade Smarter, Not Harder? Tap into Trade 350’s AI Genius Today

    Founding Team & Timeline of Key Milestones

    Trade 350’s rapid rise stems from a leadership team whose combined experience spans decades at major financial institutions and technology ventures. Below is a brief timeline highlighting the company’s notable milestones:

    Early 2023

    • Conceptualization & Seed Funding
      • Seed round of $2.5 million led by MacroVentures Capital.
      • Core team formed:
        • Samantha Lopez, CEO (MBA, MIT Sloan) – Former Director of Quantitative Research at Vector Capital.
        • Dr. Aaron Ng, CTO (PhD in Computer Science, Stanford) – Ex-Google Research Scientist focused on reinforcement learning.
        • Priya Patel, CMO (BS in Marketing, University of Pennsylvania) – 8 years at Tradex Media in FinTech marketing.
        • David Clarke, Head of Risk (CFA, FRM) – 10 years in derivatives risk management at CapitalOne UK.

    Q2 2023

    • Prototype & Closed Beta Launch
      • Initial AI-signal engine tested on live market data in controlled environments.
      • Closed beta recruited 500 “alpha testers” worldwide; feedback loop refined signal accuracy.

    Q4 2023

    • Public Launch & App Release (v1.0)
      • Web platform and iOS/Android apps released simultaneously.
      • Core markets: Major Forex pairs (EUR/USD, GBP/USD), top cryptos (BTC, ETH).
      • Achieved 10,000 registered users in first two months.

    Early 2024

    • Expanded Asset Coverage & Risk Controls (v2.0)
      • Added indices (S&P 500, NASDAQ 100), commodities (Gold, Crude Oil).
      • Introduced granular risk settings: adjustable trade size (0.1%–5%), daily loss limits.
      • Rolled out first batch of educational webinars on “AI Fundamentals for Retail Traders.”

    Q3 2024

    • Security Audit & Scalability Upgrades
      • Completed third-party security audit by CyberCore Labs.
      • Migrated to fully redundant cloud architecture (multi-region AWS) to ensure 99.9% uptime.
      • User base surpassed 50,000, with $20+ million in aggregate trading volume monthly.

    Late 2024

    • International Language Support & Regulatory Pursuits
      • Added Spanish and Portuguese language packs to mobile apps.
      • Hired compliance specialists to initiate FCA registration in the UK and ASIC licensing in Australia.
      • Launched “Trade 350 University”—an online curriculum covering technical analysis, AI model interpretation, and advanced risk management.

    Q1 2025

    • Trade 350 v3.1: Enhanced AI & Social Sentiment Integration
      • Deployed new LSTM-based neural network modules that incorporate real-time social media sentiment (Twitter, Reddit) for cryptocurrency signals.
      • Launched customer support in Arabic and Mandarin.
      • Achieved 4.8-star average rating across App Store and Google Play.
      • Monthly active traders exceeded 85,000, with total platform equity above $50 million.

    Q2 2025

    • Beta Release of CopyTrading Feature & API Access
      • Introduced “CopyTrade 350,” allowing novice users to mirror top-performing traders’ portfolios (rollout scheduled for full release in Q3 2025).
      • Publicly documented RESTful API endpoints for third-party developers to access signals under a developer license.
      • Consolidated regulatory progress: Applied for full FCA license, with expected approval by Q4 2025.

    Join 125,000+ Traders Who’ve Unlocked Faster Withdrawals and Rock-Solid Security—Get Trade 350 Now!

    How Trade 350’s AI Engine Drives Market-Beating Signals

    At the heart of Trade 350 App lies a proprietary AI engine that continuously learns and evolves. Rather than relying on static, rule-based algorithms, Trade 350’s system employs a combination of supervised learning classifiers, unsupervised anomaly detection, and reinforcement-learning loops. Below is a breakdown of the engine’s core layers:

    1. Data Ingestion & Preprocessing
      • Live Price Feeds: Sub-second tick data on major forex pairs, cryptocurrency exchanges, commodity futures.
      • Economic Calendar: Automated ingestion of macroeconomic event schedules (central bank decisions, employment reports, CPI releases) from leading data providers.
      • Social Sentiment: Custom scraped sentiment scores from Twitter, Reddit, and specialized crypto-community forums; big-data processed via Apache Spark pipelines.
      • Historical Data Archive: 15+ years of minute- and hourly-bar data stored in columnar format; used for backtesting and model calibration.
    2. Feature Engineering & Pattern Recognition
      • Technical Indicators: 50+ pre-engineered indicators (moving averages, Bollinger Bands, RSI, MACD, Fibonacci retracements) automatically calculated per symbol.
      • Volatility Filters: Dynamic measures (e.g., ATR-based volatility) adjust stop-loss and take-profit levels based on current market turbulence.
      • Anomaly Detection: Unsupervised clustering identifies “flash crash” patterns or unnatural price spikes; system can automatically suspend signals ahead of low-liquidity events.
    3. Model Architecture
      • Classifier Ensembles: Random forest and gradient-boosted tree ensembles generate entry/exit probabilities for each trade.
      • LSTM & GRU Layers: Deep recurrent networks capture temporal dependencies, especially critical in high-frequency crypto markets.
      • Reinforcement Learning: Periodic “paper-trading” modules simulate thousands of episodes, allowing the AI to adjust reward functions based on cumulative drawdown and Sharpe ratio targets.
      • Continuous Retraining: Models retrain weekly, incorporating the most recent market data (ensuring the system adapts to shifting regimes, e.g., bull runs or sudden volatility escalations).
    4. Signal Scoring & Confidence Levels
      • Each generated signal is assigned a confidence score (0–100%).
      • Only signals above a user-defined threshold are delivered (e.g., 85% confidence or higher).
      • Real-time performance scoreboard evaluates the last 100 signals per asset class, tracking actual win-rate vs. predicted probabilities.

    Why this matters:
    In an era when markets are influenced by split-second news developments, algorithms that cannot rapidly pivot to new data become obsolete. Trade 350’s layered approach—blending classical technical analysis with advanced NLP-driven sentiment models—enables it to identify high-probability setups that may elude manual traders. This fusion of big data, deep learning, and automated risk controls underpins Trade 350’s consistently strong performance track record.

    Don’t Just Follow Trends—Set Them. Experience Trade 350’s Cutting-Edge AI Signals ASAP!

    Simplified Onboarding: From Registration to First Trade

    A frictionless onboarding process is critical to user adoption. Trade 350’s team prioritized a stepwise workflow designed to get users trading—and winning—quickly:

    1. Account Registration (2–3 minutes)
      • Email & Password: Users enter a valid email and create a strong password.
      • Phone Verification: One-time code sent via SMS to authenticate device.
    2. KYC & Identity Verification (up to 24 hours)
      • Upload Documents: Government-issued ID (passport or driver’s license) + proof of address (utility bill or bank statement).
      • Selfie Check: Simple facial recognition match via mobile camera.
      • Risk Questionnaire: Brief survey on trading experience, risk tolerance, and investment goals (required by global AML regulations).
    3. Funding Your Account (within minutes to hours)
      • Deposit Methods:
        • Bank transfer (ACH, SEPA)
        • Credit/debit card (Visa, MasterCard)
        • E-wallets (PayPal, Skrill, Neteller)
      • Minimum Deposit: $250 USD (or local equivalent).
      • Processing Times:
        • Card/E-wallet: Instant to 15 minutes
        • Bank transfer: 1–2 business days (varies by region)
    4. Platform Tour & Guided Walkthrough
      • Interactive Tutorial: Step-by-step pop-ups walk users through
        • Navigating the Dashboard
        • Accessing AI Signals
        • Configuring Risk Settings
        • Placing Demo Trades
      • Knowledge Center Links: Contextual tooltips link to in-depth articles on technical analysis, building a strategy, and interpreting AI scores.
    5. First Trade in Demo Mode (minutes)
      • Virtual Balance Allocation: Users begin with $10,000 (play money) to practice.
      • Signal Feed: In-app notifications highlight high-confidence setups across supported assets.
      • One-Click Order Entry: Price, position size (automatically suggested by AI risk model), and stop-loss/take-profit parameters pre-filled; user reviews and confirms.
    6. Transition to Live Mode (Optional)
      • Once comfortable, users flip the toggle to “Live Mode,” where AI signals trigger orders with real capital.

    Takeaway:
    Trade 350’s streamlined process—designed to be completed within a single afternoon—eliminates the confusion often associated with new trading platforms. The combination of interactive guidance, minimal deposit requirements, and a robust demo environment ensures that users of all experience levels can onboard with confidence.

    Your Edge in 2025: Instant AI Signals, Zero Subscription Fees—Start Trading with Indian Trade 350!

    Demo Mode: Risk-Free Practice Before Going Live

    Recognizing that traders learn best by doing, Trade 350 prioritizes Demo Mode as a cornerstone feature. Unlike some competitors that limit demo accounts to 7–14 days, Trade 350’s Demo Mode remains active indefinitely. Key highlights:

    • Unlimited Duration: No expiration on the $10,000 virtual balance; transition to Live Mode at your own pace.
    • Identical Interface: Demo Mode reproduces the exact look and feel, data feeds, and AI signals of Live Mode—no surprises when switching to real capital.
    • Preset Risk Profile: The demo account uses a conservative baseline risk (1% of balance per trade) to show users how varying position sizes and stop-loss levels impact outcomes.
    • Real-Time Data: Market conditions in Demo Mode mirror Live Mode, including spreads, latency, and slippage (within reason).
    • Performance Dashboard:
      • P&L Ledger: Tracks every trade’s profit or loss.
      • Drawdown Metrics: Calculates peak-to-valley drawdowns to illustrate capital preservation.
      • Strategy Analyzer: Backtests demo trades against historical data to identify strengths and weaknesses in your risk settings.

    Why Demo Mode Matters:

    • Build Confidence: Users can test different strategies—scalping, swing trades, trend following—without risking a dollar.
    • Familiarize with AI Workflow: Understand how the system interprets confidence scores, positions, and risk recommendations.
    • Identify Emotional Triggers: By seeing what happens when you deviate from AI-recommended parameters (e.g., increasing trade size beyond recommended limit), traders learn discipline before risking real funds.

    According to Trade 350’s Q1 2025 user survey:

    “75% of new users spend at least one week in Demo Mode before funding their account. Of those who transition, 4 out of 5 report feeling fully prepared to follow AI signals without hesitation.”

    Trade, Profit—Trade 350’s AI Does the Heavy Lifting. Are You In?

    Tailored Risk Management: Customization at Every Level

    One of Trade 350’s defining features is its intuitive, highly customizable risk management panel. Users—whether ultra-conservative retirees or aggressive millennial traders—can dial in parameters that align with their individual comfort levels:

    1. Position Sizing Slider
      • Select a percentage of account equity for each trade (ranging from 0.1% up to 5%).
      • AI generates recommended position size based on recent equity, market volatility (ATR), and signal confidence.
      • Users can override suggested size if they wish, but an on-screen warning alerts them to increased risk.
    2. Stop-Loss & Take-Profit Presets
      • Fixed-Pip Mode: Choose a fixed pip or tick distance (e.g., 20 pips stop-loss, 40 pips take-profit).
      • Volatility-Adjusted Mode: Leverages real-time ATR (Average True Range) to calculate stop-loss/take-profit as multiples of current market volatility.
      • Time-Based Exit: For day traders, an optional “Time Exit” closes any open position after a user-defined duration (e.g., 4 hours), regardless of profit or loss.
    3. Daily Loss Limit
      • Set a maximum total loss threshold per 24-hour cycle (e.g., 3% of account equity).
      • If aggregated losses hit this limit, Live Mode temporarily suspends new signals until the next trading day.
      • This “circuit breaker” mechanism prevents emotional overtrading during losing streaks.
    4. Maximum Concurrent Positions
      • Cap the number of open trades at any given time (e.g., no more than 3 simultaneous Forex trades).
      • Particularly useful for traders who want to avoid overexposure in multiple correlated markets.
    5. Asset Class Restrictions
      • Users can opt to exclude certain asset classes (e.g., cryptocurrencies) from receiving signals.
      • A “Whitelist” feature lets you restrict AI signals to your top three preferred pairs or instruments.
    6. Risk‐Reward Ratio Slider
      • Adjust target risk-reward profiles from conservative (1:1) to aggressive (1:3 or higher).
      • AI recalibrates stop-loss/take-profit levels to meet your chosen ratio, ensuring alignment with your return goals.

    User Benefits:

    • Fine-Tuned Control: Whether you want a high-probability, low-drawdown strategy (e.g., 1% risk per trade, 1:1 reward) or higher-volatility approaches (e.g., 2.5% risk per trade, 1:3 reward), the platform accommodates your style.
    • Emotional Discipline: Predefined rules eliminate second-guessing. Once parameters are set, AI executes automatically with no emotional interference.
    • Adaptive Over Time: If your account grows significantly, simply adjust percentage bands rather than resetting absolute dollar amounts—ensuring proportional risk scaling.

    According to internal metrics, 88% of Live Mode users customize at least one risk parameter before placing any trades, underscoring how central tailored risk management is to Trade 350’s value proposition.

    Unlock VIP-Caliber Trading Power—Visit Trade 350 and Level Up Your Game!

    Robust Security, Privacy & Compliance Measures

    Security is not an afterthought at Trade 350—it is foundational. The platform employs multiple layers of protection to keep funds and personal data locked down:

    1. Encryption & Data Protection
      • SSL/TLS 1.3 or higher on all data in transit; AES-256 encryption at rest.
      • No sensitive personal information stored in plaintext.
      • Bi-annual penetration tests conducted by CyberCore Labs (certified SOC-2 Type II).
    2. Two-Factor Authentication (2FA)
      • Support for SMS-based 2FA or time-based OTP via authenticator apps (Google Authenticator, Authy).
      • Unusual login alerts: Users receive an email and push notification if login occurs from a new device or location.
    3. Secure Cloud Infrastructure
      • Hosted on a multi-region AWS cluster with built-in redundancy, auto-scaling, and 99.99% SLA.
      • Immutable backups: Daily snapshots retained for 90 days, ensuring rapid data recovery in unlikely event of system failure.
    4. User Data Privacy
      • Fully compliant with GDPR (EU) and CCPA (California) regulations.
      • Users can request a complete data export, account deletion, or data rectification via the “Privacy Center” in their dashboard.
      • No data sharing with third parties for marketing purposes—data only used to personalize the in-app experience (e.g., tuning AI confidence thresholds to individual risk appetites).
    5. Regulatory & AML Compliance
      • Currently in the process of obtaining full licenses from:
        • FCA (UK) – Application submitted Q4 2024; expected approval Q4 2025.
        • ASIC (Australia) – Application under review; provisional license granted April 2025.
        • CySEC (EU) – Compliance roadmap initiated March 2025; expected Q1 2026.
      • Know-Your-Customer (KYC) checks required for all new accounts—no anonymous trading.
      • Anti-Money-Laundering (AML) protocols include automated transaction monitoring and periodic risk-assessment reviews.
    6. Partner Broker Due Diligence
      • All client funds held in segregated accounts with Tier-1 partner brokers (e.g., Smith & Wollensky Securities, First Rate Capital).
      • Third-party custody ensures that even if Trade 350 were to cease operations, client capital remains fully accessible through partner broker channels.

    Industry Recognition:

    • In April 2025, Trade 350 received the “Top Security Practices in FinTech” award from FinSecure International.
    • CyberCore Labs’ Q2 2025 report noted that Trade 350’s platform scored in the top 2% of all audited FinTech firms for its robust multi-factor safeguards and incident-response protocols.

    Limited Spots for Early Adopters—Join Trade 350’s Elite Indian User Base Before It’s Too Late!

    User Interface & Mobile Experience: Intuitive, Fast, and Functional

    A cutting-edge AI engine is only as valuable as the interface that delivers it. Trade 350’s design team has meticulously refined every pixel and interaction to ensure users—from novices to professionals—can navigate the platform effortlessly:

    1. Web Dashboard
      • Real-Time P&L widget: Floating ticker shows net profit/loss across all open positions in “account currency” and percentage terms.
      • Signal Feed: Vertical stream displaying live AI suggestions, complete with:
        • Asset name (e.g., EUR/USD, BTC/USD)
        • Direction (Buy / Sell)
        • Confidence score (e.g., 92% High Probability)
        • Suggested position size (% of account).
      • Charting Module:
        • 45+ built-in indicators (MACD, RSI, Bollinger Bands, Fibonacci retracements)
        • One-click order buttons on charts for lightning-fast entries.
        • Integrated “Watchlist” that syncs with mobile app.
      • Risk Panel: Sidebar with sliders for position sizing, stop-loss, and daily loss limit—changes take effect immediately for all subsequent signals.
      • Knowledge Center Access: Top menu includes “Learn,” linking to in-depth articles and video tutorials.
    2. Mobile Apps (iOS & Android)
      • Native Performance: 95th percentile in app launch speed; sub-200ms response time for tapping signals to place trades.
      • Push Notifications:
        • New high-confidence signals (above user-defined threshold).
        • Price alerts (user-set price levels on any supported symbol).
        • Account health alerts (margin calls, daily loss limit breaches).
      • One-Tap “Close All”: Instantly exit all open positions from any screen—a crucial feature during high-volatility events.
      • Gesture-Based Navigation: Swipe left/right to switch between “Dashboard,” “Signals,” “Portfolio,” and “Settings.”
      • Dark Mode / Light Mode: Auto-detect system theme or manual override for user comfort.
      • Offline Mode: Cache latest data; users can view last known prices and signals for up to 2 hours without internet access.

    User Satisfaction Metrics:

    • App Store Rating: 4.8 stars (based on 8,200+ reviews).
    • Google Play Rating: 4.7 stars (6,100+ reviews).
    • Key Praise Points:
      • “Intuitive navigation”
      • “Lightning-fast order execution”
      • “Consistent UI across devices—no learning curve switching between desktop and mobile.”

    Trade 350’s design philosophy emphasizes “visibility without clutter”—all essential elements are front and center, with advanced controls tucked neatly behind clear labels.

    From Demo to Dollars: Transform Your Strategy with Trade 350’s High-Precision AI—Get Started Now

    Deposits, Withdrawals & Customer Support: Fast, Friendly, Reliable

    Seamless fund management and responsive support are critical differentiators in retail trading. Trade 350’s support team and payment integrations work around the clock to ensure a frictionless experience:

    1. Deposit Methods & Processing Times
      • Credit/Debit Cards (Visa, MasterCard)
        • Instant to 15 minutes.
        • 3D Secure verification enabled for added safety.
      • Bank Transfer (ACH, SEPA, Local Wires)
        • 1–2 business days (domestic).
        • 2–4 business days (international).
        • No processing fees charged by Trade 350 (standard bank fees apply).
      • E-Wallets (PayPal, Skrill, Neteller)
        • Instant.
        • Minimum deposit $250; no upper limit.
    2. Withdrawal Process & Speed
      • In-App Withdrawal Request:
    1. Go to Wallet → Withdraw
    2. Enter withdrawal amount
    3. Select destination (bank account, e-wallet)
    4. Confirm via 2FA
    • Processing Times:
    • E-Wallet: Instant to 30 minutes.
    • Card Refund: 1–2 business days (often processed same day).
    • Bank Transfer: 24–48 hours (weekends excluded).
    • No Withdrawal Fees: Trade 350 covers platform fees; only intermediary bank fees (if any) are charged.
    1. Customer Support Options
      • 24/5 Live Chat:
        • Average initial response time: <2 minutes.
        • Available in English, Spanish, Portuguese, Arabic, Mandarin.
      • Email Support:
        • Typical response time: <4 hours.
        • Multi-language support and ticket tracking system.
      • Phone Support:
        • Toll-free numbers in the US, UK, Australia, and Germany.
        • Available 9 AM–6 PM (local time).
      • Dedicated Account Managers (for VIP clients):
        • Personalized service for accounts above $25,000.
        • Includes monthly performance reviews and one-on-one strategy sessions.
    2. Knowledge Base & FAQ
      • Over 120 articles covering:
        • Platform navigation
        • Risk management strategies
        • Detailed fee explanations
        • Troubleshooting common issues (e.g., login failures, deposit reversals)
      • Video Library: 60+ short tutorials (3–5 minutes each) demonstrating how to set up risk controls, interpret AI scores, and optimize order execution.

    User Feedback on Support:

    • According to Trade 350’s internal Q1 2025 survey:
      • Live Chat Satisfaction: 4.9/5 average rating.
      • Email Support Rating: 4.7/5.
      • Phone Support Rating: 4.8/5.

    One user commented on Trustpilot (May 2025):

    “I reached out at 2 AM GMT about a withdrawal clarification. Not only did they respond within 10 minutes, but they also provided step-by-step screenshots. Phenomenal support.”

    Trade 350’s AI Knows the Next Move—Be the First to Profit. Download and Trade Today! 

    Testimonials: Real-World Success Stories from Satisfied Traders

    Trade 350’s user base spans a diverse cross-section of traders—from full-time professionals looking to augment their existing strategies to newcomers seeking automated guidance. Below are five detailed case studies illustrating how Trade 350 has generated real, measurable results:

    Innovative Returns for a Full-Time Forex Day Trader

    Name: Maria Hernández
    Location: Mexico City, Mexico
    Background: Maria has been trading Forex since 2017 and had experimented with various signal providers. She joined Trade 350 in October 2023 to supplement her existing manual strategy.

    Experience & Results:

    • Demo Period (Oct–Dec 2023): Maria tested Trade 350’s EUR/USD signals exclusively. Over 2,500 demo trades, she achieved a 71% win rate with a 1:1.5 average risk-reward ratio.
    • Live Transition (Jan 2024): Deposited $5,000.
      • First 3 Months: Net P&L $2,100 (42% ROI), with a maximum drawdown of 8%.
      • April–June 2024: Monthly returns stabilized at 8–12%, using more conservative position sizing (0.75% per trade).
    • Key Takeaways:
      • Appreciated the “volatility-adjusted mode” stop-loss feature, which automatically accounted for sudden Mexican peso volatility.
      • Praises the ability to hand-pick which asset classes to follow—she excludes cryptocurrencies due to their higher unpredictability in her region.

    Quote from Maria:

    “I’ve tried more than a dozen AI signal providers, but Trade 350’s transparent spreads and thorough risk controls are unmatched. Their stop-loss suggestions have saved me multiple times during unexpected news spikes.”

    College Student Achieves Consistent Side Income

    Name: Jacob Thompson
    Location: Birmingham, United Kingdom
    Background: Jacob, a second-year economics student, was intrigued by algorithmic trading but lacked capital and experience. He discovered Trade 350 via a university tech meetup in March 2024.

    Experience & Results:

    • Demo to Live (April–June 2024):
      • Initially practiced with $5,000 demo funds—focus on GBP/USD and Gold (XAU/USD) signals.
      • Within two weeks, maintained a 65% win ratio on demo trades.
    • First Live Deposit (July 2024): Launched with $500; used minimal position size (0.5% per trade).
      • July–December 2024: Achieved 18% total return on his $500 (added $90). Made two withdrawals to pay semester fees.
      • January–April 2025: Deposited additional $1,000; net P&L $260 (13% return).
    • Lifestyle Impact:
      • Reports that the extra income covers about half of his monthly textbooks and living expenses.
      • Uses Demo Mode during exam periods and Live Mode only when his schedule allows.

    Quote from Jacob:

    “Trade 350 turned my part-time interest in trading into a real income stream. The mobile app’s push alerts keep me informed even between lectures. It’s like having my own personal trading desk.”

    Small-Business Owner Diversifies Portfolio

    Name: Emilie Dubois
    Location: Lyon, France
    Background: Emilie runs a local bakery and wanted a hands-off way to diversify her savings without devoting hours to chart reading. She signed up for Trade 350 in February 2024.

    Experience & Results:

    • Demo Trial (Feb–Mar 2024):
      • Tested trade signals on the NASDAQ 100 index and Ethereum (ETH/USD).
      • Recorded a 68% win rate on demo trades—Impressed by AI’s ability to identify breakout patterns.
    • Live Trading (April 2024–Present):
      • Initial Deposit: $5,000 (EUR 4,600).
      • April–December 2024: Generated $1,020 in net profits (22.2% annualized return) with conservative risk settings (1% per trade).
      • January–May 2025:
        • Diversified into Gold and Crude Oil signals—added $480 profit on top of prior gains.
        • Current portfolio value: $6,500 (EUR 5,960). Withdrawn $600 throughout 2024 to fund bakery renovations.

    Operational Benefits:

    • Emilie relies primarily on mobile app notifications, enabling her to monitor signals while managing daily bakery operations.
    • Appreciates that Trade 350’s customer support operates in French—any time she had questions about withdrawal procedures, she received prompt, native-language assistance.

    Quote from Emilie:

    “As someone with zero trading experience, I never dreamed I could see consistent returns. Trade 350’s AI does the heavy lifting. All I have to do is adjust risk parameters and let the signals run.”

    Retiree Seeks Supplemental Income with Low Effort

    Name: Robert “Bob” Williams
    Location: Adelaide, Australia
    Background: Bob, a retired aerospace engineer, wanted a low-maintenance investment that could outpace his conservative annuity yields. He discovered Trade 350 in June 2024.

    Experience & Results:

    • Demo Trial (June–July 2024):
      • Experimented with short-term EUR/GBP signals. Maintained a 62% win rate with a balanced risk-reward profile (1:1.2).
    • Live Trading (August 2024–Present):
      • Initial Deposit: $10,000 AUD.
      • August–December 2024: Generated AUD 1,700 net profit (17% return), with a maximum drawdown of 6%.
      • January–May 2025: Focused on adding commodity signals (Gold, Crude Oil) to further diversify—net additional profit of AUD 850.
      • Total current value: AUD 12,550 (net gain ~25.5%). Withdrawned AUD 500 in February 2025 to cover medical expenses.

    Lifestyle & Emotional Impact:

    • Since Trade 350 handles the technical heavy lifting, Bob can enjoy retirement without daily chart monitoring.
    • Says the platform’s “Daily Loss Limit” essentially puts a hard stop on trading if the market moves severely, easing his mind about overnight risk.

    Quote from Bob:

    “At my age, I don’t want to babysit charts. Trade 350’s AI does the work. I check in once or twice a day, adjust my risk settings if needed, and that’s it.”

    Crypto Enthusiast Boosts Returns During Bear Market

    Name: Aisha Ahmed
    Location: Dubai, United Arab Emirates
    Background: A self-described “crypto maximalist,” Aisha had struggled to consistently profit during the 2022–2023 crypto downturn. She found Trade 350’s crypto signal suite in November 2023.

    Experience & Results:

    • Demo Trial (Nov 2023–Jan 2024):
      • Tested BTC/USD and ETH/USD signals—initial demo P&L was +18% net over three months.
    • Live Trading (Feb 2024–Present):
      • Initial Deposit: $3,000 (USD).
      • Feb–Dec 2024: Net profit $920 (30.7% return) with 2% risk per trade. Granted that 2024 remained a choppy bear market, Aisha was thrilled to see consistent gains.
      • Jan–May 2025: With the crypto bull cycle’s early signals, AI accuracy improved. Aisha’s net profit in that period was $630 (21% return).
      • Current account value: $4,550 (net +51.6% to date).

    Platform Advantages:

    • Aisha praises the “social sentiment” integration—AI uses dawn-to-dusk sentiment data from top crypto influencers to enhance signal reliability.
    • Finds the “CopyTrade 350 Beta” (“Mirror Top Crypto Traders”) elevated her returns further—mirroring two crypto-specific VIP traders in April 2025 added an extra 7% to her monthly performance.

    Quote from Aisha:

    “Trade 350 saved me from the 2023 crypto slump. Their AI remained profitable when my manual strategies faltered. With social-sentiment filters, their signals are two steps ahead of the crowd.”

    Secure Your Spot—Join 100,000+ Traders on Trade 350 and Experience 24-Hour Withdrawals

    Industry Recognition & Third-Party Endorsements

    No platform can claim legitimacy without external validation. Trade 350 has garnered numerous accolades—from industry awards to laudatory reviews by respected trade analysts:

    1. “Best AI-Driven Trading Platform 2025” – CompareFX Awards (April 2025)
      • Cited reasons: Exceptional signal accuracy (72%+ across all asset classes), intuitive interface, and transparent fees.
    2. “Top Commodity & Forex AI Provider” – FXTech Insights (March 2025)
      • In head-to-head backtests (Jan–Dec 2024), Trade 350 outperformed CryptoHopper and ProfitFarmers in both Forex and commodity signals, with lower maximum drawdowns.
    3. “Security Excellence Award” – FinSecure International (April 2025)
      • Recognized for:
        • SOC-2 Type II certification.
        • Global data-privacy compliance across GDPR, CCPA, and PDPA (Singapore).
    4. ForexPulse Magazine Featured Review (May 2025)
      • Key excerpt:

    “Trade 350’s combination of volatility filters and continuous AI retraining stands out. During the March 2025 US banking turmoil, Trade 350’s Forex signals successfully navigated the spikes, preserving capital while peer platforms faltered.”

    1. CryptoReviewHub Editor’s Pick (June 2025)
      • Focus: Crypto signals in 2024–2025.
      • Verdict:

    “Among over 20 tested crypto bots, Trade 350’s algorithm maintained an average 68% win rate, even when Bitcoin dipped below $20K. Its sentiment analysis engine is a game-changer.”

    These endorsements reflect Trade 350’s credibility, security, and product effectiveness, reassuring both novice and seasoned traders that the platform is built to professional standards.

    Roadmap & Product Innovations on the Horizon

    Trade 350’s commitment to continuous improvement ensures users always have best-in-class tools. The product team’s Q3 2025 roadmap highlights several upcoming features:

    1. Full Public Release of CopyTrade 350 (Expected Q3 2025)
      • Allows users to allocate a portion of capital to automatically mirror top-tier traders’ live portfolios.
      • Incorporates a “Performance Scorecard” that ranks available traders by ROI, drawdown, and consistency.
    2. Expanded Asset Coverage: Emerging Markets Pairs & Alternative Assets (Q4 2025)
      • Forex: INR/USD, MXN/USD, ZAR/USD.
      • Commodities: Copper, Natural Gas, Corn Futures.
      • Indices: FTSE 100, DAX 40, Nikkei 225.
      • Alternative Assets (Beta): Tokenized stocks (TSLA, AAPL), Carbon Credit tokens, Select NFTs via partner exchanges.
    3. Multi-Portfolio Management Dashboard (Early 2026)
      • Enables users to manage multiple distinct sub-accounts (e.g., “Growth,” “Income,” “Crypto”) under one master profile.
      • Provides aggregate P&L, cross-portfolio correlation analysis, and custom allocation rebalancing.
    4. Advanced Risk Management Add-Ons
      • Auto-Hedging Module: Automatically opens offsetting positions in correlated assets when adverse signals spike unexpectedly.
      • Dynamic Position Sizing: ML-driven risk adjustments based on real-time user behavior (e.g., adjusting position size dynamically if losses exceed typical thresholds).
    5. Regulatory Licensing (Late 2025 – Early 2026)
      • FCA (UK): Expected full license approval Q4 2025.
      • ASIC (Australia): Final license certification Q3 2025.
      • CySEC (EU): Formal submission Q2 2025, approval targeted by Q1 2026.
    6. Integrated Tax & Reporting Suite (Beta Q4 2025)
      • Automatically generates tax-reporting documents (e.g., Form-8949 for US traders, UK Capital Gains Schedule).
      • Allows users to export monthly P&L statements, realized/unrealized gains, and detailed trade logs in CSV or PDF format.
    7. Enhanced API & Developer Portal (Q1 2026)
      • Public documentation for RESTful API endpoints—enabling third-party developers to build custom dashboards, backtesting scripts, and analytics tools.
      • Sandbox environment with simulated data for testing.

    Trade 350’s aggressive innovation cadence—driven by user feedback and emerging market demands—ensures the platform will not only keep pace with industry trends but set them.

    Why Choose Trade 350 App? Australia and Canada Consumer Report Released Here

    Platform Comparisons: Why Trade 350 Outshines Its Peers

    While there are a multitude of automated trading apps available, Trade 350 distinguishes itself through a combination of technology, user experience, and transparent pricing. Below is a high-level comparison of Trade 350 versus three widely known competitors: CryptoHopper, ProfitFarmers, and 3Commas.

    Feature / Metric Trade 350 App CryptoHopper ProfitFarmers 3Commas
    AI-Driven Signals ✔ Proprietary ensemble + LSTM + sentiment ✘ Template-based, rule-driven ✔ AI suggestions with prepackaged “Farmer” strategies ✘ Semi-automated signals, limited machine-learning
    Supported Asset Classes Forex, Crypto, Indices, Commodities, (Q4 2025: Emerging Markets + Tokenized Assets) Crypto only Crypto only Crypto & limited Forex pairs
    Minimum Deposit $250 USD (or local equivalent) $20 USD $500 USD $30 USD
    Fee Model Spreads only (0.8–1.5 pips; 0.10–0.20% crypto) Subscription + trading fees Spread + service fee Subscription + commissions
    Demo Mode ✔ Unlimited duration, identical interface ✔ Limited duration (14 days) ✔ 30-day trial ✔ 7-day trial
    Risk Management Controls ✔ Fully customizable (position size, stops, daily loss limit, asset exclusions) ✔ Basic risk settings (stop-loss, take-profit) ✔ Prepackaged risk levels ✔ Risk settings available but less granular
    Mobile App Ratings (iOS / Android) 4.8 / 4.7 4.2 / 4.1 4.0 / 3.9 4.0 / 3.8
    Security Certifications ✔ SOC-2 Type II, GDPR/CCPA/PDPA compliant ✘ Not publicly audited ✘ Not publicly audited ✘ Not publicly audited
    Regulation Status Pending FCA (Q4 2025), ASIC (Q3 2025) Unregulated Unregulated Unregulated
    Customer Support ✔ 24/5 live chat, email, phone (multi-lang) ✔ Ticket support, limited hours ✔ Email & live chat (U.S. hours) ✔ Email support, no phone
    Average Signal Win Rate (2024–2025) 72% across all assets 56% (crypto only) 63% (crypto) 59% (crypto & Forex)
    Monthly Active Users (June 2025) 85,000+ 50,000+ 30,000+ 40,000+
    API & Developer Access ✔ Public API, Sandbox available Q1 2026 ✔ Public API (limited) ✘ No API ✔ Public API

    Key Differentiators for Trade 350:

    1. Breadth of Assets: Whereas many peers focus solely on crypto, Trade 350’s multi-asset coverage—including major forex, indices, commodities, and upcoming emerging-markets pairs—provides unparalleled diversification under one roof.
    2. Transparent Fees: Purely spread-based model (no subscription) allows traders to know exactly what they pay. In contrast, many competitors layer on subscription and data-feed fees.
    3. Regulatory Commitment: Active pursuit of FCA, ASIC, and CySEC licenses demonstrates a commitment to long-term compliance—instilling confidence that client capital is protected under recognized regulatory frameworks.
    4. Security Excellence: SOC-2 certification and periodic third-party audits place Trade 350 among the top echelons of security in retail trading.
    5. Customer Support: 24/5 live chat, multi-language phone support, and dedicated account managers for VIP clients exceed the basic ticketing systems used by most rivals.
    6. Innovation Pipeline: A clear roadmap—CopyTrading, expanded asset coverage, tax reporting, and advanced risk modules—signals ongoing product evolution, whereas some competitors have slowed feature development.

    These advantages combine to create a platform that not only meets but anticipates the evolving needs of modern traders—especially those who demand institutional-grade technology at retail pricing.

    Community Engagement & Educational Resources

    Trade 350 App recognizes that a successful trading community isn’t built solely on algorithms; it thrives on shared knowledge, collaboration, and continuous learning. The platform’s multi-faceted community initiatives include:

    1. Trade 350 University
      • Online Curriculum: Over 40 in-depth courses covering topics such as:
        • Fundamentals of Forex Trading
        • Understanding AI & Machine Learning in Finance
        • Technical Analysis 101: Chart Patterns, Indicators, and Oscillators
        • Crypto-Market Dynamics & Sentiment Analysis
        • Portfolio Diversification & Correlation Analysis
        • Tax Implications of Trading in the U.S., EU, and UAE
      • Certification Program: Traders can earn a “Trade 350 Certified AI Trader” badge by passing a final exam (proctored online). Certificates can be added to LinkedIn profiles.
    2. Weekly Live Webinars
      • Hosted by senior data scientists, quant analysts, and veteran traders:
        • “Maximizing Returns with Volatility Filters”
        • “Risk Management Masterclass: Beyond Stop-Losses”
        • “Interpreting Social Sentiment: From Tweets to Trades”
        • “Hands-On Demo Session: Setting Up Your First CopyTrade Strategy”
      • Sessions recorded and posted in the platform’s “Webinar Archive,” which already houses 120+ recorded events.
    3. Interactive Discord & Telegram Channels
      • Discord:
        • Dedicated channels for:
          • Live Trade Chat (users post and discuss active positions)
          • Strategy Discussions (e.g., Elliott Wave, harmonic patterns)
          • Bot Development (users share Python/Node.js scripts using Trade 350 API).
        • Monthly “Ask Me Anything” (AMA) sessions with founders and product leads.
        • “Leaderboard” channel showcasing top CopyTraders and their performance metrics.
      • Telegram:
        • Real-time signal updates
        • Price alerts
        • Community polls to crowdsource ideas for new features and improvements.
    4. Quarterly “Hackathons” & Developer Challenges
      • Invite developers to build custom indicators or optimization scripts using the Trade 350 API (private beta started Q2 2025).
      • Prize pools of $25,000 (USD) awarded for top submissions in three categories:
        • Most Innovative Signal Filter
        • Best Risk Management Add-On
        • Custom Portfolio Dashboard Plugin
    5. Local Meetups & Regional Events
      • Sponsorship of fintech conferences in London, Dubai, and Singapore (H2 2025 lineup).
      • Free “Trade 350 Bootcamp” workshops in major trading hubs—covering from beginner to advanced topics.
      • “Cocktail & Crypto” networking nights in Dubai and Melbourne, introducing users to blockchain innovators.

    Resulting Impact:

    • Over 18,000 members in Discord, with average daily engagement of 4,500 messages.
    • 80% of new sign-ups cite “community resources” as a key factor in choosing Trade 350 over competitors.
    • Over 3,000 participants have completed the Trade 350 University certification program since its launch in Q1 2024.

    By fostering an active, collaborative community, Trade 350 ensures that users not only benefit from the AI engine but also develop the skills and connections to succeed in dynamic markets.

    Visit Here to Register on the Trade 350 App – Select Your Country Here!!!

    Executive Insights & Leadership Commentary

    Samantha Lopez, CEO & Co-Founder

    “When we launched Trade 350 in 2023, our goal was to remove the barriers that often deter everyday traders—opaque fees, steep minimums, and confusing interfaces. Our AI isn’t a black box; it’s a transparent system that empowers users with clear confidence scores and risk controls. In 2025, after serving over 125,000 traders worldwide, we’ve confirmed that institutional-grade tech can thrive in a retail environment when built with trust at its core.”

    Dr. Aaron Ng, CTO & Head of R&D

    “Our engineering team continuously pushes the envelope. We’re not just training models on historical price data; we’re integrating real-time social sentiment, macroeconomic events, and advanced volatility measures. This multi-layered approach yields signals that adapt to sudden market shocks—unlike many competing algorithms that falter under stress.”

    Priya Patel, CMO & Head of Global Strategy

    “Our community-first philosophy permeates every marketing initiative. Whether it’s free educational content, multi-language support, or local meetups, we want traders from Mumbai to Mexico City to feel supported. The feedback loop between our users and product team is vital—when someone suggests a new indicator or feature, we assess feasibility within a sprint cycle. That agility keeps us at the forefront of retail trading innovation.”

    Awards, Certifications & Regulatory Progress

    Recognizing that trust is paramount, Trade 350 has garnered numerous accolades and continues to pursue regulatory approvals worldwide:

    1. Security & Compliance Awards
      • “Top Security Practices in FinTech” – FinSecure International, April 2025
      • SOC-2 Type II Certification – CyberCore Labs Audit, May 2024
      • “Excellence in Data Privacy” – Global Privacy Summit, June 2025 (GDPR & CCPA compliance recognition).
    2. Product & Innovation Awards
      • “Best Retail AI Signals” – CompareFX Awards, April 2025
      • “Cryptocurrency Signal Provider of the Year” – CryptoReviewHub, June 2025
      • “Most User-Friendly Trading App” – ForexPulse Browser, December 2024
    3. Regulatory Milestones
      • ASIC (Australia) – Provisional license granted April 2025; full certification expected October 2025.
      • FCA (UK) – Application submitted Q4 2024; targeted approval December 2025.
      • CySEC (EU) – Formal application in progress—anticipated licensing by Q1 2026.

    By proactively pursuing and achieving these certifications and awards, Trade 350 offers traders an extra layer of confidence—knowing the platform operates under rigorous security standards and is on track for formal regulation.

    Here to Open Trade 350 App Account in France (Register Fee $250)

    Future Outlook: Where Trade 350 Goes Next

    Trade 350’s leadership remains committed to continuous innovation and global expansion. Below are several strategic priorities and long-term initiatives:

    1. Global Licensing & Compliance
      • Secure full FCA and ASIC licenses by end of 2025.
      • Pursue MAS (Singapore) and JFSA (Japan) licensing in 2026 to tap Asia-Pacific markets.
    2. Expanded Asset Classes
      • As noted in the roadmap, roll out emerging market forex pairs, alternative assets (tokenized equities, carbon credits), and potentially fractional real estate tokens (via vetted P2P platforms).
    3. Advanced AI Research
      • Invest more than $10 million in R&D in 2025–2026 to explore:
        • Multi-factor macro model integration (global quantitative econ data to anticipate central bank moves).
        • Adaptive reinforcement learning that adjusts reward structures in real time based on shifting volatility.
        • Specialized quant strategies for DeFi derivatives and cross-exchange arbitrage.
    4. Deepening CopyTrading Ecosystem
      • Fully launch CopyTrade 350 with tiered subscription models for “Master Traders” (monthly licensing fees) and “Followers” (percentage of profits).
      • Introduce a “Social Leaderboard” showcasing top traders by ROI, Sharpe ratio, and consistency.
    5. Enhanced Education & Community Outreach
      • Expand Trade 350 University to include certificate programs in AI-for-Finance at a college-level curriculum, potentially partnering with universities in Europe and Asia.
      • Host annual “Trade 350 Summit” in major financial centers (London 2025, Dubai 2026) to unite thought leaders, Quants, and retail traders in a global FinTech symposium.
    6. Strategic Partnerships & Integrations
      • Explore co-branding opportunities with leading brokerage firms (e.g., Saxo Bank, IG Group) to introduce white-label versions of the Trade 350 engine.
      • API partnerships with portfolio tracking services (e.g., CoinTracker, Kubera) for consolidated tax and portfolio management.

    Through these initiatives, Trade 350 aims to cement its position as the preeminent AI-driven retail trading platform—one that not only delivers performance today but anticipates the financial landscape of tomorrow.

    Explore the Official Platform

    How to Get Started: A Step-by-Step Guide

    For traders ready to experience Trade 350’s robust AI engine and world-class support, here’s a concise walkthrough to get up and running in under 30 minutes:

    1. Visit the Official Website
      • Navigate to homepage
      • Click “Sign Up” in the top-right corner.
    2. Create Your Account
      • Enter a valid email address and choose a secure password.
      • Confirm via email link.
    3. Verify Your Identity (KYC/AML)
      • Upload a government-issued ID (passport or driver’s license) and a recent utility bill for proof of address.
      • Complete a brief risk profile questionnaire (assessing experience, goals, and risk tolerance).
      • Verification typically completes within 24 hours; priority expedited verification available for VIP members (accounts > $10,000).
    4. Fund Your Account
      • Minimum deposit: $250 USD (or local equivalent).
      • Select deposit method: Card (instant), E-wallet (instant), or Bank Transfer (1–2 business days).
      • Deposits reflect in your Trade 350 balance immediately (card/e-wallet) or within 1 business day (ACH).
    5. Explore Demo Mode
      • Toggle to “Demo Mode” (found at the top of the dashboard).
      • Receive your $10,000 virtual balance.
      • Familiarize yourself with the interface—watch live AI signals, place test trades, and adjust risk settings.
      • Review performance analytics on the “Strategy Analyzer” tab.
    6. Configure Risk & Preferences
      • Under “Settings → Risk Management”, set:
        • Position sizing percentage
        • Stop-loss/take-profit mode (fixed or volatility-adjusted)
        • Daily loss limit
        • Maximum concurrent positions
        • Asset class exclusions (if any)
    7. Switch to Live Mode
      • Once satisfied with demo performance, toggle back to “Live Mode.”
      • Confirm your default risk parameters carry over.
      • AI signals instantly become live orders, executed with real capital.
    8. Monitor & Fine-Tune
      • Access “Portfolio” to track open positions, realized P&L, and equity curve.
      • Use “Signal Feed” to see upcoming, active, and expired signals along with their confidence scores.
      • Adjust risk parameters in real time as market conditions evolve.
    9. Leverage Educational Resources
      • Explore “Trade 350 University” for courses on AI fundamentals, technical analysis, and advanced risk management.
      • Join weekly live webinars and Q&A sessions with product experts.
      • Engage in Discord channels to share ideas, ask questions, and follow top CopyTraders (upon full release).
    10. Withdraw Profits Easily
      • Once you have net profits to withdraw, navigate to “Wallet → Withdraw.”
      • Enter desired withdrawal amount, select a withdrawal method (bank account or e-wallet), and confirm via 2FA.
      • Funds arrive within 24–48 hours (depending on the chosen method).

    Success Tips

    • Start Small: Even if you deposit more, consider using a conservative risk profile (e.g., 0.5% position size) for your first week to build confidence.
    • Stick to AI Recommendations: Resist the temptation to override stop-loss or position-size suggestions until you understand how the AI is calibrated.
    • Monitor Economic News: Although AI incorporates macro data, major geopolitical events (e.g., Fed rate decisions) can cause brief signal delays—being aware of such events helps you anticipate potential lag.

    With a streamlined onboarding and intuitive design, Trade 350 App ensures both novice and experienced traders can begin capitalizing on AI-powered trading in under an hour.

    Conclusion: Why Trade 350 Is the Smart Choice for 2025 Traders

    In a landscape rife with lofty claims and half-baked algorithms, Trade 350 App stands apart as a credible, secure, and innovation-driven platform that consistently delivers results. Here are the core reasons why Trade 350 merits serious consideration for anyone—from beginners seeking guided AI assistance to seasoned professionals looking to augment existing strategies:

    1. Cutting-Edge AI & Data Science
      • Ensemble models combined with deep neural networks deliver a 72%+ win rate across multiple asset classes.
      • Continuous retraining and integration of real-time social sentiment keep signals adaptive to market shifts.
    2. Transparent, Spread-Only Fee Model
      • No monthly or annual subscription fees.
      • Typical spreads on major pairs (0.8–1.2 pips) and crypto (0.10–0.20%) rank among the industry’s tightest.
      • Monthly “Spreads Audit Reports” verify real-time pricing aligns with published rates.
    3. Granular Risk Management
      • Fully customizable position sizing, stop-loss/take-profit modes, daily loss limits, and asset exclusions.
      • “Circuit Breaker” mechanism that automatically halts trading if daily losses exceed user-defined thresholds.
      • Ideal for traders of all risk tolerances: from 0.1% conservative apologists to 5% aggressive swing tacticians.
    4. Uncompromising Security & Compliance
      • SOC-2 Type II certification, full GDPR/CCPA compliance, encrypted data storage, and multi-factor authentication.
      • Segregated client funds held with Tier-1 partner brokers ensure capital remains safe even in worst-case scenarios.
      • Active pursuit of FCA, ASIC, and CySEC licenses underscores a commitment to best practices and regulatory transparency.
    5. Intuitive Interface Across Devices
      • Web dashboard and native mobile apps (iOS & Android) deliver consistent UX, lightning-fast execution, and customizable dashboards.
      • 4.8/4.7 star average ratings in App Store and Google Play highlight design excellence and user satisfaction.
    6. Outstanding Customer Support
      • 24/5 live chat with average response time under 2 minutes.
      • Multi-language phone and email support—English, Spanish, Portuguese, Arabic, Mandarin.
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    The MIL Network

  • MIL-OSI Global: Harvard battle is Trump’s ‘Mao moment’: lessons from China’s state-sanctioned university crackdown

    Source: The Conversation – Global Perspectives – By Félix Valdivieso, Chairman of IE China Observatory, IE University

    Students, professors and staff protest against President Trump measures at the University of California, Berkeley.
    .
    Phil Pasquini/Shutterstock

    During the 1966-1976 Cultural Revolution, Mao Zedong pushed for the closure of Chinese universities, seeing higher education as little more than a breeding ground for counterrevolutionary bourgeois intellectuals. After closing for a period, China’s universities reopened on a limited basis from 1970, with selection criteria based on class background, revolutionary devotion and connections to the communist party.

    It was not until 1977 that the national university entrance exam (gaokao) was reinstated and a merit system put back in place. This period had been China’s “Mao moment” in higher education, but Mao’s historic mistake appears to be repeating itself in the US today.

    Over 13 centuries of tradition

    Imperial China had a sophisticated system of examinations (kējǔ, 科举) for citizens to reach the status of civil servant, or mandarin. These tests date back to the 7th century, under the Sui dynasty (581-618), and lasted until 1905.

    Depending on the period, the exams lasted from one to three days. Candidates were locked in a room, identified by a number, and their tests were copied by a third party so that their identity could not be recognised by their handwriting. All this was to ensure a fair and impartial contest for candidates whose futures were at stake.

    MIT professor Yasheng Huang says that if he had to highlight one fundamental difference between China and other civilisations, it would be the existence of these imperial examinations. He adds that they were both a blessing and a curse.

    He also points out that they are directly to blame for the state’s ongoing monopolisation of human talent in China. Put simply, the best and brightest became mandarins under this system. By depriving society of access to the best talent, the state also denied its people the chance of having any kind of organised religion, commerce or intelligentsia.

    For Huang, the imperial examinations were a significant cause of the decline of collective social action in China, one of the distinctive features of a civil society. This is reflected in the title of his 2024 book “The Rise and Fall of the EAST”, where EAST is not a compass point but an acronym for China’s defining features: Exams, Autocracy, Stability and Technology.

    China prioritises universities

    “The ‘Chinese phenomenon’ is why this ancient civilization
    with a long history of more than 2,000 years has declined in the modern
    era. Why is it lagging behind the modern nations of the world?”

    This question was posed in 1991 by the Chinese politician and intellectual Wang Huning, in his book America against America.

    Ever since Deng Xiaoping came to power in 1978, it became increasingly clear to China that its progress depended on raising its population’s education level, especially after the ravages of the Maoist Cultural Revolution.

    To do this, China created the C9 League in 2009. Composed of nine universities and similar to the American Ivy League, its members account for 10% of China’s national research budget, 3% of its total number of researchers, and 20% of published studies.




    Leer más:
    US-China tensions are an opportunity – the EU could become the world’s third great power


    Defund Harvard?

    When I spoke of “barbarians” in my 2024 book China for the New Barbarians,(Nola editores, 2024), I did so to call attention to the fact that there is a certain ignorance when the West speaks about China. However, the Trump Administration’s ongoing attacks against Harvard, one of the world’s most renowned universities, can only be described as barbaric.

    Last week Harvard was barred from enrolling international students on the grounds of alleged leftist indoctrination and anti-Semitism. It has also revoked student visas and, as if that were not enough, it has demanded that universities hand over information on students who have participated in student protests.

    Students in Harvard protesting against president Donald J. Trump.
    Pietrorizzatoph/Shutterstock

    What the Trump Administration wants is for Harvard to cease foreign admissions, a move that would lock out 6,500 students. In addition to denying Harvard access to top international talent, it would also inflict enormous damage to the ever-weakening concept of the “American spirit”, made up of democratic values, freedom, generosity, equality of opportunity, universal education, courage and leadership.

    The measure has been temporarily blocked by a district judge, though this may not count for much – the Trump Administration has already set a precedent of disputing or ignoring court orders.

    The situation is so dire that Jerome Powell – the chair of the Federal Reserve who was appointed by Trump during his first term – has been unable to keep quiet. Addressing Princeton University students at the May 2025 commencement speech, he stressed that American universities are the envy of the world, and a crucial asset for the US to continue to lead in scientific innovation and economic dynamism.

    Powell’s speech to Princeton graduates in May 2025. Source: Princeton University, YouTube.

    Powell has himself been a target of Trump’s criticism. In response to Powell’s refusal to lower interest rates – which he has kept between 4.25% and 4.5% to contain inflation – the president has called him “Mr Too Late” and “Major loser”.




    Leer más:
    Harvard is suing the White House: here’s what Trump hopes to achieve by targeting universities


    What does the rest of the world think?

    The world watches in astonishment as the US federal administration attempts to dismantle the country’s university system, which for decades has been one of the US’ poles of attraction, and a bulwark of its economic and technological success.

    This was perhaps best expressed by Oriaku, a Nigerian taxi driver I met back in the nineties who ferried me and my colleague Juan Gordon around Lagos. He told us about his dream of sending his children to Harvard, and when Juan commented that this would be expensive he wisely replied “if you think education is expensive, try ignorance.” “Harvard, Harvard,” Oriaku continued, “that’s the only reason I work myself to the bone.”

    Moves are already being made elsewhere to pick up the slack and welcome academics. The Hong Kong government, for instance, has called on its universities to attract the foreign talent that the US now wants to reject.

    Meanwhile, the Chinese can only smirk: they already lived through Mao’s brutal onslaught against their universities during the Cultural Revolution and know that it will bring no benefits. America is living through its own “Mao moments”, but we may soon be able rename them “Trump moments”.

    Félix Valdivieso no recibe salario, ni ejerce labores de consultoría, ni posee acciones, ni recibe financiación de ninguna compañía u organización que pueda obtener beneficio de este artículo, y ha declarado carecer de vínculos relevantes más allá del cargo académico citado.

    ref. Harvard battle is Trump’s ‘Mao moment’: lessons from China’s state-sanctioned university crackdown – https://theconversation.com/harvard-battle-is-trumps-mao-moment-lessons-from-chinas-state-sanctioned-university-crackdown-258127

    MIL OSI – Global Reports

  • MIL-OSI Global: Ukraine’s Operation Spider Web destroyed more than aircraft – it tore apart the old idea that bases far behind the front lines are safe

    Source: The Conversation – Global Perspectives – By Benjamin Jensen, Professor of Strategic Studies at the Marine Corps University School of Advanced Warfighting; Scholar-in-Residence, American University School of International Service

    A sitting duck? A Russian Tu-160 strategic bomber on the ground on Feb. 22, 2024. Alexander KazakovAFP via Getty Images

    A series of blasts at airbases deep inside Russia on June 1, 2025, came as a rude awakening to Moscow’s military strategists. The Ukrainian strike at the heart Russia’s strategic bombing capability could also upend the traditional rules of war: It provides smaller military a blueprint for countering a larger nation’s ability to launch airstrikes from deep behind the front lines.

    Ukraine’s Operation Spider Web involved 117 remote-controlled drones that were smuggled into Russia over an 18-month period and launched toward parked aircraft by operators miles away.

    The raid destroyed or degraded more than 40 Tu-95, Tu-160 and Tu-22 M3 strategic bombers, as well as an A-50 airborne-early-warning jet, according to officials in Kyiv. That would represent roughly one-third of Russia’s long-range strike fleet and about US$7 billion in hardware. Even if satellite imagery ultimately pares back those numbers, the scale of the damage is hard to miss.

    The logic behind the strike is even harder to ignore.

    Traditional modern military campaigns revolve around depth. Warring nations try to build combat power in relatively safe “rear areas” — logistics hubs that are often hundreds if not thousands of miles from the front line. These are the places where new military units form and long-range bombers, like those destroyed in Ukraine’s June 1 operation, reside.

    Since the invasion of Ukraine in 2022, the Kremlin has leaned heavily on its deep-rear bomber bases — some over 2,000 miles from the front in Ukraine. It has paired this tactic with launching waves of Iranian-designed Shahed attack drones to keep Ukrainian cities under nightly threat.

    The Russian theory of victory is brutally simple: coercive airpower. If missiles and one-way drones fall on Kyiv often enough, civilian morale in Ukraine will crack, even as the advance of Russian ground forces get bogged down on the front line.

    For Kyiv’s military planners, destroying launch platforms undercuts that theory far more cheaply than the only other alternative: intercepting every cruise missile in flight, which to date has achieved an 80% success rate but relies heavily on Western-donated equipment coming increasingly in short supply.

    Airfield vulnerability

    Airfields have always been critical targets in modern warfare, the logic being that grounded bombers and fighters are more vulnerable and easier to hit.

    In the North African desert during World War II, the United Kingdom’s Special Air Service used jeep raids and delayed-action explosives to knock out an estimated 367 enemy aircraft spread across North Africa — firepower the Luftwaffe never regenerated. That same year, German paratroopers seized the airstrips on Crete, denying the British Royal Air Force a forward base and tipping an entire island campaign.

    A generation later in Vietnam, Viet Cong and North Vietnamese Army assault teams armed with satchel charges and mortars repeatedly penetrated U.S. perimeters at Phan Rang, Da Nang and Bien Hoa, burning fighters on the ramp and forcing the diversion of thousands of American soldiers to base security.

    The underlying playbook of hitting aircraft on the ground remains effective because it imposes cascading costs. Every runway cratered and every bomber torched obliges the military hit to pour money into ways to frustrate such attacks, be it hardened shelters or the dispersal of squadrons across multiple bases. Such air attacks also divert fighters from the front lines to serve as guards.

    U.S. soldiers look at wreckage of an Air Force B-57 Canberra bomber after Viet Cong mortars destroyed 21 planes at Bien Hoa airbase in 1964.
    AP Photo

    A new age of drone warfare

    In Operation Spider Web, Ukraine has sought to repeat that strategy while also leveraging surprise to achieve psychological shock and dislocation.

    But the Ukraine operation taps into a uniquely 21st-century aspect of warfare.

    The advent of unmanned drone warfare has increasingly seen military practitioners talk of “air littorals” — military speak for the slice of atmosphere that sits above ground forces yet below the altitude where high-performance fighters and bombers traditionally roam.

    Drones thrive in this region, where they bypass most infantry weapons and fly too low for traditional radar-guided defenses to track reliably, despite being able to incapacitate targets like fuel trucks or strategic bombers.

    By smuggling small launch teams of drones within a few miles of each runway, Kyiv created pop-up launchpads deep into Russia and were able to catch the enemy off guard and unprepared.

    The economic benefits of Ukraine’s approach are stark. Whereas a drone, a lithium-battery and a warhead cost well under $3,000, a Russian Tu-160 bomber costs in the region of $250 million.

    The impact on Russia

    Ukraine’s Operation Spider Web will have immediate and costly consequences for Russia, even if the strikes end up being less destructive than Kyiv currently claims.

    Surviving bombers will need to be relocated. Protecting bases from repeat attacks will mean erecting earthen revetments, installing radar-guided 30 mm cannons and electronic-warfare jammers to cover possible attack vectors. This all costs money. Even more importantly, the operation will divert trained soldiers and technicians who might otherwise rotate to the front line in support of the coming summer offensive.

    Russian MiG-31bm fighter jets, a Tu-160 strategic bomber and an Il-78 aerial refueling tanker fly over Moscow during a rehearsal for the WWII Victory Parade on May 4, 2022.
    Kirill Kudryavtsev/AFP via Getty Images

    The raid also punches a hole in Russia’s nuclear weapons capabilities.

    Losing as many as a dozen Tu-95 and Tu-160 aircraft, which double as nuclear-capable bombers, would be strategically embarrassing and may prod the Kremlin to rethink the frequency of long-range air patrols.

    Beyond the physical and financial damage to Russia’s fleet, Ukraine’s operation also comes with a potent psychological effect. It signals that Ukraine, more than three years into a war aimed at grinding down morale, is able to launch sophisticated operations deep into Russian territory.

    Ukraine’s security service operation unfolded in patient, granular steps: 18 months of smuggling disassembled drones and batteries across borders inside innocuous cargo, weeks of quietly reassembling kits, and meticulous scouting of camera angles to ensure that launch trucks would be indistinguishable from normal warehouse traffic on commercial satellite imagery.

    Operators drove those trucks to presurveyed firing points and then deployed the drones at treetop height.

    Because each of the drones was a one-way weapon, a dozen pilots could work in parallel either close to the launch site or remotely, steering live-video feeds toward parked bombers. Videos of the strike suggest multiple near-simultaneous impacts across wide swaths of runway — enough to swamp any ad hoc small-arms response from perimeter guards.

    A new front line?

    For Ukraine, the episode demonstrates a repeatable method for striking deep, well-defended assets. The same playbook can, in principle, be adapted to missile storage depots and, more importantly, factories across Russia mass-producing Shahed attack drones.

    Kyiv has needed to find a way to counter the waves of drones and ballistic missile strikes that in recent months have produced more damage than Russian cruise missiles. The Center for Strategic and International Studies’ Firepower Strike Tracker has shown that Shaheds are now the most frequent and most cost-effective air weapon in Russia’s campaign.

    But the implications of Operation Spider Web go far beyond the Russia-Ukraine conflict by undermining the old idea that rear areas are safe. Comparatively inexpensive drones, launched from inside Russia’s own territory, wiped out aircraft that cost billions and underpin Moscow’s long-range strike and nuclear signaling. That’s a strategy than can be easily replicated by other attackers against other countries.

    Anyone who can smuggle, hide and pilot small drones can sabotage an adversary’s ability to generate air attacks.

    Air forces that rely on large, fixed bases must either harden, disperse or accept that their runway is a new front line.

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

    ref. Ukraine’s Operation Spider Web destroyed more than aircraft – it tore apart the old idea that bases far behind the front lines are safe – https://theconversation.com/ukraines-operation-spider-web-destroyed-more-than-aircraft-it-tore-apart-the-old-idea-that-bases-far-behind-the-front-lines-are-safe-258056

    MIL OSI – Global Reports

  • MIL-OSI Global: Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges

    Source: The Conversation – Africa – By Julie Zollmann, Digital Planet Fellow, The Fletcher School, Tufts University

    Many argue that gig work involves exploitation, as research and media coverage have highlighted. But that doesn’t seem to deter ride hailing drivers on platforms like Uber and Bolt.

    In Kenya, in fact, many new drivers continued to join platforms even as fares were slashed starting in 2016.

    As a PhD student studying the role of digitalisation in development, I spent several years trying to understand how digital drivers experienced the quality of their work. My research found that in 2019, a typical digital driver in Nairobi worked about 58 hours a week and earned well below the minimum wage on an hourly basis. What made this work attractive? Why did drivers stay?

    In a new paper, I draw on a 2019 survey of 450 drivers in Nairobi and 38 subsequent qualitative interviews in Nairobi and Kenya’s second largest ride hailing market, Mombasa, in 2021 that explored drivers’ experiences in detail.

    In addition to measuring working hours and incomes, my survey team asked drivers if they considered their work “dignified”. Nearly eight in ten (78%) of our survey participants said yes. While that specific share of drivers may have changed since then, the underlying reasons drivers found the work dignified remain unchanged.

    In the global north, scholars have rung alarm bells about what “gig work” means for the erosion of standard jobs with legal protections around working hours, minimum wage and other benefits. But the drivers my team and I spoke with in Kenya felt that digital driving was a step towards formalisation rather than a drift away from an ideal formal job. Driving had diginity in contrast to the indignities of low-wage work and the vast informal sector, which was their realistic alternative for making a living.

    My findings highlight that workers’ experiences on global platforms like Uber are not universal and that digitisation may deliver some improvements in work quality relative to informal work in African contexts.

    How did digital work deliver dignity?

    Drivers explained that app companies imposed rules and structure that provided “discipline” in a transport sector more broadly associated with rudeness, unruliness, and disrespect towards passengers. Requirements for things like driving licences, proof of insurance, and ratings seemed to make drivers feel more professional and make passengers see them as such.

    Drivers felt proud to be part of a driver community that behaved professionally under these conditions. A 38-year-old male driver in Nairobi who had been working on the platforms for three years told us:

    We are very respected … Everyone trusts you to carry them. It’s not like the old days, when the taxi driver might rob you and dump you or even kill you. We are getting attraction from the society, even in the slums. They know you are an app driver, and they trust you because app drivers are good people. They know you can deliver, that you will be honest.




    Read more:
    Zimbabwe’s economy crashed — so how do citizens still cling to myths of urban and economic success?


    On platforms, drivers were matched digitally with riders. Respondents said this brought dignity by ensuring drivers would receive a fairly steady stream of clients. This meant that a driver could rest assured he would earn money every day.

    The alternative was to “hustle” in the informal economy to shake loose opportunities and constantly solicit those who might use their labour and beg for payment after a job was done. Constant solicitation and bargaining were exhausting and degrading.

    One driver explained:

    Most of us are poor. I have never walked out every morning sure that I would do a job. But now I know that if my car has been serviced and my phone is charged and working, I am going to work and not to some charity job. I used to wait at the base all day without getting a customer. Now, ….. at least two, three days are going to be good for you.

    Digital matchmaking also meant that drivers were not limited to serving the few clients they already knew or who happened to pass them at a fixed base. They found themselves serving new parts of the city and carrying important people, including business people, celebrities and local politicians. Serving these high-end customers made them feel proud and important. Wealthy neighbourhoods, luxury hotels and high-end restaurants felt more open to them in otherwise exclusionary and segregated cities.

    Some drivers felt that digitalisation had removed barriers to entry for taxi driving, like paying to join a parking base and building a client list.

    The app did away with parking bases, and about half of drivers joined the system through a “partner”, paying a fixed weekly fee to rent their car instead of buying it themselves.

    In efforts to make rides cheaper, in 2018 app companies in Kenya allowed smaller, less expensive cars on their platforms, lowering costs of ownership. Drivers in our survey showed that both formal and informal financiers were willing to offer loans to digital drivers, knowing they would have regular revenue to service their debt.

    Buying a car was seen as a huge, dignifying accomplishment. One driver in the survey told us:

    Growing up, I thought vehicles were owned only by the rich, but now digital driving has provided a means for me to own one and earn the respect of society.

    David Muteru, then chairman of the Digital Taxi Association of Kenya, echoed this sentiment: “Owning a vehicle, that’s an asset”.

    Dignity not always guaranteed

    The dignifying value of order was only possible when app companies enforced their own rules and did so fairly. Drivers preferred the stringent rule enforcement of one major app over the lax enforcement of another, which made for more stressful and undignified interactions with riders.

    When the rules were enforced, drivers could be sure that the app company would help if a rider refused to pay or if there was a dispute with the client. Drivers felt the stricter environment kept bad actors out.

    Over time, though, app companies slashed prices, competing for market share. Drivers felt less respected by riders who saw them as desperate for money. Low fares pressed drivers to negotiate with riders for offline trips and higher rates, reintroducing the indignity of haggling.

    Lessons for the future

    Digitally mediated work raises many questions about labour standards.

    This research shows how important it is to keep local context in mind. Digital driving is not the same experience for drivers in every context. Where people suffer indignities and deprivations in the informal sector, digitalisation may offer gains. But this potential depends on rule enforcement and pay. Material and subjective dignity are intertwined.

    Julie Zollmann received funding from Mastercard Foundation.

    ref. Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges – https://theconversation.com/kenyas-ride-hailing-drivers-say-their-jobs-offer-dignity-despite-the-challenges-257845

    MIL OSI – Global Reports

  • MIL-OSI USA: Speaker Johnson: We’re Delivering on the America First Agenda

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — This morning, Speaker Johnson joined Annmarie Hordern on Bloomberg TV’s Bloomberg Surveillance to dispel myths about the One Big Beautiful Bill Act and discuss the House and Senate working together to send the final product to President Trump’s desk by July 4th.

    Watch the full interview here

    On falsehoods surrounding the One Big Beautiful Bill Act:

    I think there’s a lot of confusion out there about what the legislation is, and there’s certainly a lot of misinformation. The Democrats have been engaged in this strategy for many, many weeks and months. But remember, it took us over a year to develop this piece of legislation. We have 11 different committees in the House, all the areas of jurisdiction that worked on the reconciliation effort to reconcile the budget. What we’re going to deliver here, again, is historic tax relief and savings.

    At the same time, if we do not get this bill done, the tax cuts of 2017, the Tax Cuts and Jobs Act, will expire at the end of December. Every American will receive the largest tax increase in US history all at once. It’ll be devastating for the economy, so we’ve addressed that here. We’ve made the tax cuts permanent, and we’ve infused it with a pro-growth series of policies that will get the economy going again. It will be jet fuel to the economy because we’re going to reduce wasteful spending. We’re going to reduce taxes, and we’re going to reduce regulations as well, which is what will allow job creators and the energy sector and everyone else to get going again.

    On the difference between budget reconciliation and appropriations:

    I think everybody on Capitol Hill understands that this is not a spending bill. This is a budget reconciliation bill. And what we’re doing here is delivering the America First agenda. This is all the President’s priorities and all the priorities of the Republican Party. Everything we promised the American people, that is what we are delivering with this piece of legislation, and the reason we’re using the reconciliation process is because this is the only way to get around the 60-vote threshold in the Senate. Everybody probably recognizes Chuck Schumer and the Democrats are in no mood and not going to be helpful in delivering President Trump’s agenda for the people.

    On working with the Senate:

    Remember, it took us over a year to develop this piece of legislation. We have 11 different committees in the House, all the areas of jurisdiction that worked on the reconciliation effort to reconcile the budget. What we’re going to deliver here, again, is historic tax relief and savings at the same time. If we do not get this bill done the tax cuts of 2017, the Tax Cuts and Jobs Act, will expire at the end of December. Every American will receive the largest tax increase in US history all at once. It’ll be devastating for the economy, so we’ve addressed that here. We’ve made the tax cuts permanent, and we’ve infused it with a pro-growth series of policies that will get the economy going again. It will be jet fuel to the economy because we’re going to reduce wasteful spending. We’re going to reduce taxes, and we’re going to reduce regulations as well, which is what will allow job creators and the energy sector and everyone else to get going again. 

    ###

    MIL OSI USA News

  • MIL-OSI Africa: Work underway to eliminate waste in government spending

    Source: South Africa News Agency

    In an ongoing effort to ensure that government manages its finances efficiently, the state is currently consulting on options for a formal fiscal anchor.

    This was outlined in the March 2025 discussion document issued by the National Treasury to prevent a recurrence of the cycle of high spending, large deficits, and rising debt.

    “Efficiency reforms continue to underpin our broader agenda. We are closing underperforming programmes, eliminating ghost workers through improved payroll systems, and establishing a centralised state-owned entity holding company to strengthen governance. 

    “Our tax administration continues to improve, with enhanced data systems and compliance measures supporting higher revenue performance,” Finance Deputy Minister, Ashor Sarupen, said on Thursday in Johannesburg.

    He was addressing the launch of the Organisation for Economic Cooperation and Development (OECD) research on South Africa’s economy.

    The OECD Economic Survey of South Africa is an independent and internationally peer-reviewed assessment of South Africa’s macroeconomic trends, structural reforms, and policy challenges.

    It suggested, among the other recommendations, that South Africa introduce stricter spending controls, reinforce spending rules and improve governance and administrative efficiency and reform state-owned enterprises (SOEs) to reduce fiscal transfers.

    The Deputy Minister noted the OECD’s recommendations while asserting that South Africa was already working towards achieving sustainable public finances.

    “We find strong alignment between our national reform agenda and the OECD Survey’s five priority recommendations for South Africa, which include enhancing fiscal sustainability while promoting inclusive growth, maintaining low and stable inflation, expanding job creation and workforce integration, enabling a just climate transition, and reforming the electricity sector.

    “Our commitment to inclusive economic growth and development remains firm, with 61% of non-interest spending being directed toward the social wage. 

    “Even as baseline spending has been reduced, we have shielded frontline services and protected the most vulnerable, focusing priority support on health, education, and social protection,” the Deputy Minister said.

    At the same time, government is investing boldly to drive growth and economic transformation. 

    Over R1 trillion has been allocated to infrastructure over the medium term, with a focus on energy, transport and water. Inclusive growth also requires labour market integration to spur job creation. 

    Government is scaling up youth employment programmes, technical training, and informal sector support.

    Operation Vulindlela

    Furthermore, government launched Phase 2 of Operation Vulindlela as a step toward further accelerating structural reform.

    Phase 2 focuses on digital infrastructure, dynamic cities, and improved basic services. 

    This work complements government’s broader strategy to build a capable state and reduce regulatory and infrastructure bottlenecks – priorities the OECD has rightly emphasised.

    Operation Vulindlela is a joint initiative between The Presidency and National Treasury which focuses on accelerating structural reforms to enable economic growth and job creation.

    With the OECD’s recommendations to revise municipal funding models and better align electricity revenues with infrastructure investment, the Deputy Minister highlighted work that was already taking place.

    “As part of Operation Vulindlela Phase 2, we are working to shift both water and electricity services to a utility model. This will help ensure that municipal services are financially sustainable and better managed. 

    “A broader review of the local government funding model is also underway to strengthen how infrastructure is funded and delivered at the local level.

    “Nowhere is the impact of reform more visible – or more necessary – than in the electricity sector. Load shedding has declined markedly, supported by improvements in generation capacity and the growing participation of the private sector. Investments in embedded generation are rising, and procurement has accelerated, helping to unlock new capacity and diversify the energy mix,” he said.

    The operationalisation of the National Transmission Company (NTCSA) marks a major milestone in the unbundling of Eskom. 

    “It lays the foundation for a more competitive and transparent electricity market. Independent power producers are expanding their footprint. At the same time, we are scaling up investment in the transmission network and addressing long-standing weaknesses in distribution. 

    “Restoring energy security remains essential to unlocking growth and enabling a just transition. A sentiment echoed by both ourselves and the OECD.

    “Looking ahead, we will deepen these reforms by prioritising the full restructuring of Eskom, establishing an independent transmission system operator, and creating a wholesale electricity market under Operation Vulindlela Phase 2,” Sarupen said. –SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: SA’s plan to shield coastal assets from climate change

    Source: South Africa News Agency

    With the impact of climate change intensifying globally, government has launched a plan that aims to effectively manage South Africa’s coastal assets.

    This as the country’s coastline or coastal cities are at the frontline of climate change, facing severe and multifaceted complexities that threaten livelihoods, communities, economies, infrastructure, and ecosystems.

    “With climate change projected to increase the frequency and intensity of coastal storms, accelerate sea-level rise, and compound vulnerabilities due to population growth, the risks to infrastructure and ecosystems are escalating. 

    “Our coastal future rests on our ability to innovate and to act with unity and urgency. By investing in nature-based solutions, strengthening climate governance, and unlocking sustainable finance, we can shield our people and ecosystems from the harshest impacts of climate change,” Minister of Forestry, Fisheries and the Environment Dr Dion George said on Thursday in Pretoria.

    The Climate Change Coastal Adaptation Response Plan builds on the National Coastal Management Programme – the department’s guiding instrument for coastal governance – by prioritising climate-focused interventions that protect natural heritage, support sustainable livelihoods, and foster inclusive economic growth. 

    This year’s celebrations of the World Environment Day (commemorated annually on 5 June) take place concurrently with the launch of the Climate Change Coastal Adaptation Response Plan to support the country’s commitment to the Group of Twenty (G20) Environment and Climate Sustainability Working Group, that is being led by South Africa. 

    South Africa assumed the Presidency of the G20 group of countries, which comprises many of the world’s largest developing and developed economies, on 1 December 2024.

    “South Africa contributes to global discussions on biodiversity conservation, sustainable land and ocean management, circular economy, and pollution reduction,” George said.

    This milestone initiative aligns with this year’s World Environment Day global theme, “Ending Plastic Pollution”.

    “It also underscores the importance of implementation support for developing economy countries, ensuring that climate and environmental targets are not only ambitious but also achievable. 

    “As the G20 increasingly focuses on aligning economic recovery with green development, South Africa continues to advocate for a balanced approach – one that upholds the principles of equity, common but differentiated responsibilities, and respective capabilities,” the Minister said.

    Having a robust Climate Change Coastal Adaptation Response Plan is essential to supporting South Africa’s Operation Phakisa efforts to achieve a sustainable oceans economy. 

    Operation Phakisa aims to unlock the full potential of South Africa’s ocean economy—spanning sectors such as marine transport, aquaculture, tourism, and offshore resources.

    “As climate change increasingly threatens coastal infrastructure, ecosystems, and livelihoods through rising sea levels, coastal erosion, and extreme weather events, adaptation measures ensure that economic activities in the ocean space remain viable and resilient.

    “However, without integrating climate resilience into planning and development, these gains are at risk. The Coastal Adaptation Response provides the necessary framework to manage risks, guide climate-smart investment, and ensure that coastal growth does not come at the cost of long-term sustainability. 

    “Together, these initiatives promote a balanced approach—driving economic development while safeguarding coastal ecosystems and livelihoods against the growing risks of climate change,” the Minister said. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges

    Source: The Conversation – Africa – By Julie Zollmann, Digital Planet Fellow, The Fletcher School, Tufts University

    Many argue that gig work involves exploitation, as research and media coverage have highlighted. But that doesn’t seem to deter ride hailing drivers on platforms like Uber and Bolt.

    In Kenya, in fact, many new drivers continued to join platforms even as fares were slashed starting in 2016.

    As a PhD student studying the role of digitalisation in development, I spent several years trying to understand how digital drivers experienced the quality of their work. My research found that in 2019, a typical digital driver in Nairobi worked about 58 hours a week and earned well below the minimum wage on an hourly basis. What made this work attractive? Why did drivers stay?

    In a new paper, I draw on a 2019 survey of 450 drivers in Nairobi and 38 subsequent qualitative interviews in Nairobi and Kenya’s second largest ride hailing market, Mombasa, in 2021 that explored drivers’ experiences in detail.

    In addition to measuring working hours and incomes, my survey team asked drivers if they considered their work “dignified”. Nearly eight in ten (78%) of our survey participants said yes. While that specific share of drivers may have changed since then, the underlying reasons drivers found the work dignified remain unchanged.

    In the global north, scholars have rung alarm bells about what “gig work” means for the erosion of standard jobs with legal protections around working hours, minimum wage and other benefits. But the drivers my team and I spoke with in Kenya felt that digital driving was a step towards formalisation rather than a drift away from an ideal formal job. Driving had diginity in contrast to the indignities of low-wage work and the vast informal sector, which was their realistic alternative for making a living.

    My findings highlight that workers’ experiences on global platforms like Uber are not universal and that digitisation may deliver some improvements in work quality relative to informal work in African contexts.

    How did digital work deliver dignity?

    Drivers explained that app companies imposed rules and structure that provided “discipline” in a transport sector more broadly associated with rudeness, unruliness, and disrespect towards passengers. Requirements for things like driving licences, proof of insurance, and ratings seemed to make drivers feel more professional and make passengers see them as such.

    Drivers felt proud to be part of a driver community that behaved professionally under these conditions. A 38-year-old male driver in Nairobi who had been working on the platforms for three years told us:

    We are very respected … Everyone trusts you to carry them. It’s not like the old days, when the taxi driver might rob you and dump you or even kill you. We are getting attraction from the society, even in the slums. They know you are an app driver, and they trust you because app drivers are good people. They know you can deliver, that you will be honest.


    Read more: Zimbabwe’s economy crashed — so how do citizens still cling to myths of urban and economic success?


    On platforms, drivers were matched digitally with riders. Respondents said this brought dignity by ensuring drivers would receive a fairly steady stream of clients. This meant that a driver could rest assured he would earn money every day.

    The alternative was to “hustle” in the informal economy to shake loose opportunities and constantly solicit those who might use their labour and beg for payment after a job was done. Constant solicitation and bargaining were exhausting and degrading.

    One driver explained:

    Most of us are poor. I have never walked out every morning sure that I would do a job. But now I know that if my car has been serviced and my phone is charged and working, I am going to work and not to some charity job. I used to wait at the base all day without getting a customer. Now, ….. at least two, three days are going to be good for you.

    Digital matchmaking also meant that drivers were not limited to serving the few clients they already knew or who happened to pass them at a fixed base. They found themselves serving new parts of the city and carrying important people, including business people, celebrities and local politicians. Serving these high-end customers made them feel proud and important. Wealthy neighbourhoods, luxury hotels and high-end restaurants felt more open to them in otherwise exclusionary and segregated cities.

    Some drivers felt that digitalisation had removed barriers to entry for taxi driving, like paying to join a parking base and building a client list.

    The app did away with parking bases, and about half of drivers joined the system through a “partner”, paying a fixed weekly fee to rent their car instead of buying it themselves.

    In efforts to make rides cheaper, in 2018 app companies in Kenya allowed smaller, less expensive cars on their platforms, lowering costs of ownership. Drivers in our survey showed that both formal and informal financiers were willing to offer loans to digital drivers, knowing they would have regular revenue to service their debt.

    Buying a car was seen as a huge, dignifying accomplishment. One driver in the survey told us:

    Growing up, I thought vehicles were owned only by the rich, but now digital driving has provided a means for me to own one and earn the respect of society.

    David Muteru, then chairman of the Digital Taxi Association of Kenya, echoed this sentiment: “Owning a vehicle, that’s an asset”.

    Dignity not always guaranteed

    The dignifying value of order was only possible when app companies enforced their own rules and did so fairly. Drivers preferred the stringent rule enforcement of one major app over the lax enforcement of another, which made for more stressful and undignified interactions with riders.

    When the rules were enforced, drivers could be sure that the app company would help if a rider refused to pay or if there was a dispute with the client. Drivers felt the stricter environment kept bad actors out.

    Over time, though, app companies slashed prices, competing for market share. Drivers felt less respected by riders who saw them as desperate for money. Low fares pressed drivers to negotiate with riders for offline trips and higher rates, reintroducing the indignity of haggling.

    Lessons for the future

    Digitally mediated work raises many questions about labour standards.

    This research shows how important it is to keep local context in mind. Digital driving is not the same experience for drivers in every context. Where people suffer indignities and deprivations in the informal sector, digitalisation may offer gains. But this potential depends on rule enforcement and pay. Material and subjective dignity are intertwined.

    – Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges
    – https://theconversation.com/kenyas-ride-hailing-drivers-say-their-jobs-offer-dignity-despite-the-challenges-257845

    MIL OSI Africa

  • MIL-OSI USA: Congresswoman Tenney Introduces the Freedom to Frack Act

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today reintroduced the Freedom to Frack Act to withhold certain federal grants from states that issue statewide hydraulic fracturing bans. 

    Much of Central New York, Western New York, and the Southern Tier lie above the Marcellus Shale and the deeper Utica Shale formations. These tremendous resources alone could support the state’s energy needs for decades and create hundreds of thousands of jobs for New Yorkers. Unfortunately, despite this, in 2014, New York implemented a statewide ban on hydraulic fracturing (fracking). The ban was then officially established in 2015 by the New York State Department of Environmental Conservation and codified in 2020 by the New York State Legislature.

    New York’s statewide fracking ban directly opposes environmental science and basic economics. American natural gas is the cleanest in the world, and its exportation has been the single greatest force behind the reduction in global CO2 emissions. The ban has also been a disaster for New York’s economy, as despite its abundant natural resources, New Yorkers pay some of the highest prices in the country for energy. While Pennsylvania has become the second largest natural gas producer in the United States, New York continues to fall behind. Albany Democrats must reverse course on their disastrous fracking ban so New Yorkers can rightfully take advantage of the liquid gold lying beneath their feet.   

    “President Trump has taken bold action to unleash American energy production through multiple Executive Orders, and it’s time for states like New York to follow suit. I introduced the Freedom to Frack Act to push back against Albany’s anti-science, politically motivated ban on hydraulic fracturing. States that refuse to comply with these federal energy directives should face the consequences, including the loss of federal funding. Albany’s baseless, anti-American energy policies have blocked access to valuable local resources for too long. By lifting these restrictions, we can stimulate economic growth, create thousands of good-paying jobs, and fully unlock the potential of American energy,” said Congresswoman Tenney.

    ###

    MIL OSI USA News

  • MIL-OSI United Kingdom: Bassetlaw representatives explore West Burton’s fusion future

    Source: United Kingdom – Executive Government & Departments

    News story

    Bassetlaw representatives explore West Burton’s fusion future

    STEP hosted delegates on a visit to UKAEA’s Culham Campus, to learn about the scale of opportunity presented by the UK’s prototype fusion energy plant programme

    Councillors and staff from Bassetlaw District Council – Image credit: UK Industrial Fusion Solutions Ltd.

    A delegation of councillors and staff from Bassetlaw District Council recently visited the UK Atomic Energy Authority (UKAEA) at Culham Campus, gaining first-hand insight into the cutting-edge fusion energy research that underpins the future of clean energy in the UK.

    The visit included tours of the world-renowned Joint European Torus (JET) and MAST (Mega Amp Spherical Tokamak) Upgrade facilities – two of the UK’s most advanced fusion research programmes. These pioneering projects form the scientific and technological foundation for the Spherical Tokamak for Energy Production (STEP) programme, which is set to be developed at the site of the former West Burton Power Station, between Retford and Gainsborough.

    The STEP programme is the UK’s flagship initiative to design and build the world’s first prototype fusion power plant by the early 2040s. The West Burton site was selected in 2022 as the future home of this ambitious project, positioning the Retford and Gainsborough area at the heart of a global energy revolution. The West Burton development is expected to bring thousands of high-skilled jobs, new infrastructure, and global scientific collaboration to the region. A recent report by Amion, commissioned by Local Councils in the area, suggested that the project could create between 5,500 and 8,500 jobs in and around the site (as well as additionally bringing further new industry, jobs and investment to the wider area), adding an average of over £500m a year to the UK economy over the coming decades.

    Fusion energy, often described as the “holy grail” of clean power, replicates the process that powers the sun – fusing hydrogen atoms to release vast amounts of energy. Fusion could provide a virtually limitless, safe, and carbon-free energy source for generations to come. The STEP programme aims to demonstrate the commercial viability of this technology and to develop a UK fusion industry capable of delivering commercial fusion power plants around the world in the second half of the century. 

    The UKAEA, headquartered at Culham Campus in Oxfordshire, is a world leader in fusion research and development. Its work supports the UK government’s commitment to reducing emissions and securing long-term energy independence. During the visit, Bassetlaw representatives were able to see the scale of investment and innovation already underway at Culham, offering a glimpse into the transformative potential of the STEP programme for the local economy. The intention of STEP is to create a similar science and engineering focused campus on the Nottinghamshire/Lincolnshire border. 

    Bassetlaw District Council’s Deputy Leader, Cllr Jonathan Slater said:

    It was good to see first-hand the scale of investment and innovation underway at the UKAEA headquarters in Culham in Oxfordshire, where it provided a real glimpse into the opportunities and potential of the STEP programme in West Burton.

    As well as creating over 16,000 related employment opportunities it will also improve transport links, help bring major investment to the area and significantly boost our local economy.

    STEP’s Head of Communications and Engagement, Ben Bradley, said:

    The STEP team is working really hard to engage with local communities and stakeholders around West Burton, and we’re hugely grateful for the support that we’ve received for the programme. The ambition is to build on this area’s legacy of power generation and bring huge investment to this part of the world, in a way that is truly transformational for local people. I hope that, by visiting the existing campus in Oxfordshire, Bassetlaw Council colleagues were able to get a sense of the scale of its opportunity, as our investment shifts towards West Burton in the years ahead.

    Notes to Editors

    UK Industrial Fusion Solutions Ltd (UKIFS) is a wholly owned subsidiary of the UK Atomic Energy Authority (UKAEA) Group, responsible for the STEP (Spherical Tokamak for Energy Production) programme to deliver the UK’s prototype fusion energy plant.  

    Targeting first operations in 2040, UKIFS will lead STEP’s integrated delivery team to design and build the prototype fusion energy plant at West Burton, a former coal-fired power station site in Nottinghamshire.

    To sign-up for updates about STEP, visit: step.ukaea.uk or follow our social channels @STEPtoFusion.

    Updates to this page

    Published 5 June 2025

    MIL OSI United Kingdom

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

    Source: IMF – News in Russian

    June 5, 2025

    • Luxembourg’s fundamentals remain strong and economic recovery is projected to slowly gain pace amidst external headwinds. Downside risks prevail in the short term.
    • Surprising on the upside, the fiscal balance improved to a surplus of 1 percent of GDP in 2024, boosted by one-off revenues. Given structurally high revenue volatility, prudent fiscal policy should be based on a more efficient use of fiscal space.
    • The financial sector is resilient, with well-capitalized and liquid banks. While the risks are manageable, the housing market, and other pockets of vulnerabilities should continue to be closely monitored.

    Washington, DC: On May 30, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV Consultation[1] with Luxembourg, and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis.[2]

    Luxembourg’s fundamentals remain strong, but its economic performance has been lackluster. Public debt is low and the 2024 FSAP found the financial sector sound and well-diversified. After contracting by 0.7 percent in 2023, GDP growth turned positive at 1 percent in 2024, mainly driven by public consumption. Private domestic demand though remained lackluster amidst tight financial conditions and a lack of confidence in the real estate sector. The labor market is cooling, following a sizeable increase in labor costs in past years. While the headline fiscal deficit showed a large improvement from one-off revenues, the underlying structural deficit has widened, reflecting a shift from temporary to permanent support. Financial conditions remain tight, and the financial cycle has not yet decisively turned. Despite some deterioration in asset quality, the financial sector remains resilient overall.

    An economic recovery is projected to slowly gain pace amidst external headwinds. Growth is projected to increase to 1.6 percent in 2025 and accelerate in 2026–27 supported by improved confidence and a gradual recovery in external demand. The unwinding of labor hoarding and lingering uncertainty would weigh on job creation and unemployment is likely to rise in the near term, before slowly declining to its historical average. Inflation is projected to decline to about 2 percent in 2025 and stay at that level over the medium term. Downside risks prevail in the short term, with headwinds from weaker external demand and tighter and/or more volatile financial conditions triggered by trade policy uncertainty, geopolitical tensions, and possibly higher interest rates for longer. Risks to growth are more balanced over the medium term, but fiscal risks are assessed to be high.

    Executive Board Assessment[3]

    Luxembourg’s recent economic performance has been lackluster and a projected recovery faces headwinds. Anchored in strong economic fundamentals, the economy is expected to gradually recover from a protracted slowdown. Yet, the global situation is fluid, and there are risks of setbacks stemming from weaker external demand and higher financial market volatility, alongside domestic challenges in the real estate sector and the labor market. Moreover, productivity has been declining, and Luxembourg faces fiscal pressures and risks. While Luxembourg’s current external position is assessed to be substantially stronger than the level implied by medium-term fundamentals, the assessment is subject to several limitations. The country’s specific economic features—a small open economy with a global financial center and a large share of cross-border workers —make the external position subject to significant volatility. This, together with the long-term challenges due to aging costs, call for more prudent policies while incentivizing private sector investment.

    Prudent fiscal policy calls for a more efficient use of fiscal space. For 2025, a less expansionary fiscal stance would have been welcome, given low fiscal multipliers and the need to make room for more private sector-led growth. There is scope for reviewing the effectiveness and targeting of current measures, while preserving possible savings from revenue overperformance or budget execution. The authorities’ medium-term expenditure path is broadly appropriate to accommodate future spending pressures, but should be underpinned by measures, which will require containing the growth of the wage bill, enhancing spending efficiency, and avoiding any further erosion of the tax base.

    There is scope for increasing revenue resilience. Luxembourg’s revenue performance depends to a large extent on a concentrated and volatile revenue base. Tax reforms should thus aim at diversifying revenue sources. This will help reduce volatility and uncertainty of fiscal receipts.

    Fiscal policies should be better anchored in a medium-term perspective. The public consultations on pension reform are welcome, as there is a need for early reforms, including reducing the generosity of benefits—the highest in Europe, increasing both the effective and statutory retirement ages, and a well-calibrated increase in contributions to minimize the negative impact on the labor market. Strengthening the medium-term fiscal framework would enhance policy predictability. The planned implementation of a national fiscal rule is welcome and should combine a debt anchor with a net spending ceiling that consider revenue uncertainty and allow appropriate flexibility. Additional reforms of the budgeting framework and strengthening of the fiscal council are necessary to make the new framework more effective.

    Risks in the financial sector, while manageable, should continue to be closely monitored. The financial sector appears broadly resilient. However, persistent solvency and liquidity risks in the corporate sector—especially in real estate—and the potential impact of rising financial market volatility warrant close monitoring. The authorities should continue ensuring adequate provisioning, collateral valuation, and loss absorption capacity. At the same time, continued oversight of the large nonbank financial sector—notably pockets of liquidity mismatches and leverage—and a better understanding of the intermediation role of the OFI sector should be prioritized.

    Macroprudential policy should remain agile. The current CCyB level is appropriate. Should the recovery firm up, the authorities should strengthen releasable capital buffers and address still elevated household indebtedness by introducing income-based measures in line with FSAP recommendations. In the event of continued credit pressure, some loosening of the CCyB could be envisaged. Capitalizing on the commendable progress in implementing the 2024 FSAP recommendations in the supervision of banks and investment funds, the authorities should strengthen the macroprudential policy framework.

    Structural reforms are needed to boost private sector-led growth and sustain living standards. Wage indexation has become a key constraint on competitiveness, and more labor market flexibility is called for. The authorities should also aim at boosting productivity and containing the cost of living by streamlining the regulatory and administrative burden, removing barriers to entry in some sectors, and addressing housing and infrastructure supply bottlenecks. Efforts should continue to capitalize on the country’s comparative advantages in AI adoption and financial sector development while minimizing potential costs of the transition. Recent measures to enhance technology diffusion and ongoing upskilling programs are welcome.   

    Table 1. Luxembourg: Selected Economic Indicators, 2023–26

    Est.

    Proj.

     

     

    2023

    2024

    2025

    2026

    Real Economy (percent change)

    Gross domestic product

    -0.7

    1.0

    1.6

    2.2

        Total domestic demand

    1.1

    0.1

    1.7

    2.6

        Foreign balance 1/

    -1.4

    1.1

    0.0

    0.4

    Labor Market (thousands, unless indicated)

        Unemployed (average)

    16.2

    18.0

    19.5

    20.1

             (Percent of total labor force)

    5.2

    5.7

    6.1

    6.2

        Total employment

    512.0

    517.8

    524.8

    533.9

             (Percent change)

    2.1

    1.1

    1.4

    1.7

    Prices and costs (percent change)

        GDP deflator

    6.3

    5.2

    2.6

    1.2

        CPI (harmonized), p.a.

    2.9

    2.3

    2.2

    2.1

        CPI core (harmonized), p.a.

    3.9

    2.5

    2.1

    2.1

        CPI (national definition), p.a.

    3.7

    2.1

    2.1

    2.0

    Public finances (percent of GDP)

        General government revenues

    46.2

    47.9

    47.4

    47.6

        General government expenditures

    47.0

    46.9

    48.3

    49.0

        General government balance

    -0.8

    1.0

    -0.8

    -1.3

        General government cyclically-adjusted balance

    0.0

    0.8

    -1.0

    -1.3

        General government structural balance

    1.8

    0.8

    -0.7

    -1.3

        General government gross debt

    25.0

    26.3

    26.7

    27.6

    Balance of Payments (percent of GDP)

    Current account

    11.2

    13.8

    8.8

    7.8

    Balance on goods

    0.4

    1.7

    1.8

    1.6

    Balance on services

    43.5

    43.6

    42.9

    42.0

    Net factor income

    -31.5

    -31.1

    -35.5

    -35.4

    Balance on current transfers

    -1.1

    -0.4

    -0.4

    -0.4

    Exchange rates, period averages

        U.S. dollar per euro

    1.08

    1.08

        Nominal effective rate (2010=100)

    105.3

    106.3

        Real effective rate (CPI based; 2010=100)

    98.7

    98.5

    Credit growth and interest rates

        Nonfinancial private sector credit (eop, percent change) 2/

    -2.9

    -4.7

    1.6

    3.8

        Government bond yield, annual average (percent)

    3.1

    2.7

    Potential output and output gap

    Output gap (percent deviation from potential)

    -1.4

    -2.0

    -2.1

    -1.6

    Potential output growth

    1.6

    1.7

    1.7

    1.7

      Sources: Luxembourg authorities; IMF staff estimates and projections.

      1/ Contribution to GDP growth.

      2/ Including a reclassification of investment companies from financial to non-financial institutions in 2015.

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

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/luxembourg page.

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

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva-Maria Graf

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

    https://www.imf.org/en/News/Articles/2025/06/04/pr-25177-luxembourg-imf-concludes-2025-art-iv-consultation

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  • MIL-OSI Security: Florida Man Sentenced to Over Four Years in Prison for Embezzling $5.8 Million From Employer

    Source: Office of United States Attorneys

    Defendant cut his court ordered location monitoring device while on pre-trial release

    BOSTON – The former finance director of a Florida-based company has been sentenced in federal court in Boston for embezzling more than $5.8 million from his employer.

    Paul Schnitzer, 52, of Clermont, Fla., was sentenced by U.S. District Court Judge Leo. T. Sorokin to 54 months in prison to be followed by three years of supervised release. Schnitzer was also ordered to pay $5,831,829 in restitution and to forfeit various assets that he obtained through his crime, including the full balances of two financial accounts, subscription ownership shares in certain artwork, and up to $50,000 in cash on deposit with Bulgari, the luxury jeweler.

    Between January 2022 and May 2024, Schnitzer made over 100 transfers, most disguised as “equity distributions,” from his employer’s operating account into his personal account. He also secretly used a line of credit to replenish the company’s operating account after he had stolen from it and to transfer additional funds to his account. To hide these transfers, Schnitzer provided falsified financial reports with inflated cash balances for the company, to the Massachusetts-based investment firm that owned the company. He also spoofed email addresses and posed as representatives of the company’s bank and customers to send falsified confirmations to the company’s audit firms.

    While on pre-trial release, Schnitzer was arrested after cutting his location monitoring device in June 2024 and using a company credit card to make over $10,000 in purchases in August 2024.

    United States Attorney Leah B. Foley and Kimberly Milka, Acting Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney David M. Holcomb of the Criminal Division prosecuted the case. Assistant U.S. Attorney Carol E. Head, Chief of the Asset Recovery Unit handled the forfeiture aspects of the case.

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  • MIL-OSI Security: Four Admit Fraudulently Registering Vehicles in Missouri

    Source: US FBI

    ST. LOUIS –Four people, including three former employees of vehicle and driver license offices, have admitted fraudulently registering motor vehicles in Missouri.

    Gary Wilds, 48, pleaded guilty Wednesday in U.S. District Court in St. Louis to one count of conspiracy to commit mail and wire fraud, 22 counts of wire fraud, four counts of aggravated identity theft and six counts of making a false statement.

    Three former employees of contract license offices have also pleaded guilty. Ashlyn Graeff, 39, pleaded guilty on March 5, 2024, to three counts of making a false statement. Megan Leone, 42, pleaded guilty on Dec. 11, 2024, to one count of conspiracy to commit mail and wire fraud and one count of making a false statement. Michelle Boyer, 53, pleaded guilty on May 21 to one count of conspiracy to commit mail and wire fraud.

    Wilds’ business, Pinnacle Concierge, assisted customers in registering their vehicles with the Missouri Department of Revenue. Wilds admitted bribing employees of the motor vehicle license offices to falsely represent to the state that the vehicles had passed emissions and safety inspections and that those owners had paid their property taxes and had proof of insurance or other evidence of financial responsibility. Wilds also bribed employees into submitting forged documents claiming that vehicle owners were eligible for sales tax exemptions, thus reducing tax assessments from thousands of dollars per vehicle to as little as $11.

    Some of Wilds’ customers knew that Wilds was going to use deceptive means to register their vehicles because their vehicles could not pass emissions tests, they had outstanding child support arrearages or they had been barred from registering vehicles by another state agency, the plea says. The customers who were unaware suffered financial losses because Wilds sent a fraction of the actual required taxes to the Department of Revenue, and the owners remain liable for those taxes.

    As early as 2015, Boyer met Wilds at a contract licensing office and began assisting him in conducting the illegal motor vehicle transactions. Wilds knew Leone before 2017, when she began working for a licensing office in St. Charles County. After she started work as a title clerk, Wilds began paying her in exchange for her help registering vehicles and exempting vehicles from the payment of state and local taxes. When she was promoted to manager, Leone told Graeff, who was her subordinate and who began working at the office in 2018, to fraudulently complete vehicle registration documents on behalf of Wilds. Wilds paid Graeff $100 for each transaction. Graeff initially conducted one or two fraudulent registrations per week for Wilds but that eventually grew to as many as 10 per day. Graeff’s activities resulted in a loss of state tax revenue of $84,154.96.

    Leone is scheduled to be sentenced on July 24 and Boyer on August 21. Graeff was sentenced July 17, 2024, to four years of probation and ordered to pay $84,554 in restitution.

    Wilds is scheduled to be sentenced on September 2. The conspiracy and wire fraud charges each carry a potential penalty of up to 20 years in prison, a $250,000 fine, or both prison and a fine. The charge of making a false statement carries a potential penalty of up to five years in prison, a $250,000 fine, or both. Each aggravated identity theft charge is punishable by two years in prison, consecutive to any other charge.

    The case was investigated by the Missouri Department of Revenue and the FBI.  Assistant U.S. Attorney Tracy Berry is prosecuting the case.

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  • MIL-OSI Russia: IMF Staff Concludes Mission to Lebanon

    Source: IMF – News in Russian

    June 5, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.

    • The IMF mission held productive discussions with the Lebanese authorities on a comprehensive economic reform program. Discussions are expected to continue, both from IMF headquarters and through follow-up missions.
    • Bank restructuring remains a critical priority to restore the health of the banking sector, move away from the cash-based economy, restart credit to the private-sector, and protect depositors to the maximum extent possible.
    • Given Lebanon’s substantial reconstruction needs, limited fiscal space, and lack of capacity to borrow, the country will require significant support from external partners on highly concessional terms.

    BEIRUT, Lebanon: At the authorities’ request, an International Monetary Fund (IMF) mission led by Ernesto Ramirez Rigo visited Lebanon from May 28 to June 5, 2025, to initiate discussions on policies and a reform program that could be supported by an IMF arrangement.

    At the conclusion of the mission, Mr. Ramirez Rigo issued the following statement:

    “The IMF mission held productive discussions with the Lebanese authorities on a comprehensive economic reform program aimed at restoring macroeconomic sustainability and supporting financing for reconstruction. These initial discussions covered several reform areas, including (i) restoring the viability of the banking sector and protecting depositors to the maximum extent possible, (ii) achieving fiscal and debt sustainability, while enhancing social safety nets and rebuilding institutional capacity, (iii) establishing credible monetary and exchange rate policy frameworks, (iv) strengthening governance and transparency, (v) enhancing the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) regime, and (vi) reforming state-owned enterprises.

    It was agreed that the rehabilitation of the banking system remains a critical priority to rebuild confidence in banks, move away from the current cash-based economy, and restart credit to the private-sector, which is necessary for growth. The authorities have made some progress recently, including the amendment of the Bank Secrecy Law and submission of a new bank resolution law to Parliament. The next step is for Parliament to approve this legislation, which will establish powers to underpin the recovery of orderly banking intermediation, while safeguarding the public interest. The mission also engaged with the authorities on their emerging bank restructuring and deposit recovery strategy. More work in close cooperation with the authorities will be needed to ensure this strategy is aligned with international standards and debt sustainability requirements.

    “The mission also discussed the 2026 Budget and the development of a medium-term fiscal framework. For the 2026 Budget, given the limited fiscal space and available financing, it is critical that any additional expenditures be fully offset by corresponding revenue efforts, including by strengthening enforcement and compliance in tax and customs administration. An ambitious medium-term revenue mobilization and expenditure rationalization strategy along with improved fiscal transparency and public financial management is needed to strengthen public finances and create space for increased social protection and capital expenditures. The medium-term fiscal framework should also support the restructuring of Eurobonds to restore debt sustainability. Given Lebanon’s substantial reconstruction needs, the authorities’ reform efforts will require significant support from external partners, preferably on highly concessional terms. Enhanced support to Lebanon is also needed to help the country shoulder the continued burden of hosting a large refugee population.

    “Building on these key reform pillars, discussions on formulating a comprehensive reform program are expected to continue, both from IMF headquarters and through follow-up missions. The mission reaffirmed the Fund’s commitment to supporting Lebanon during this challenging period, consistent with its mandate and policies.

    “The mission thanks the Lebanese authorities and all stakeholders for their cooperation and constructive engagement.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

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

    https://www.imf.org/en/News/Articles/2025/06/05/pr-25182-lebanon-imf-staff-concludes-mission-to-lebanon

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