NewzIntel.com

Category: Economy

  • MIL-OSI: Compagnie de Financement Foncier : Results of Compagnie de Financement Foncier for the first half of 2025

    Source: GlobeNewswire (MIL-OSI)

    Press release for effective and full distribution

    Paris, July 23, 2025

    Compagnie de Financement Foncier’s results for the 1sthalf of 2025

    On July 23, 2025, Compagnie de Financement Foncier’s Board of Directors, chaired by Éric FILLIAT, met to approve the interim financial statements for 2025.

    ***

    I. COMPAGNIE DE FINANCEMENT FONCIER’S BUSINESS ACTIVITY

    In a still uncertain market context, Compagnie de Financement Foncier recorded good performance during the 1st half of 2025 thanks to its secure model, investor confidence and the renewed interest from Groupe BPCE institutions for its competitive refinancing offer.

    • Issuance of covered bonds

    During the 1st half of 2025, Compagnie de Financement Foncier issued €2.8bn in covered bonds, of which €2.5bn in euro benchmark format.

    • In February, Compagnie de Financement Foncier completed a first “dual-tranche” issuance of €1.25bn. The €750m and €500m tranches were issued with maturities of five and ten years respectively. The strong rate of oversubscription and the diversified allocation in terms of geographic area and investor type confirmed the success of this operation.
    • In May, Compagnie de Financement Foncier carried out a second “dual-tranche” issuance of €1.25bn, with the tranches of €500m and €750m carrying maturities of four and nine years respectively. Total demand with very high oversubscription reached €4.1bn.

    Compagnie de Financement Foncier also continued its currency diversification by issuing two tranches in CHF, each for an equivalent of €106.5m, with maturities of five and nine years.

    Compagnie de Financement Foncier also responded to the specific needs of investors through private placements, which are a key component of its issuance strategy, thus demonstrating its ability to offer bespoke solutions.

    • Refinancing of Groupe BPCE receivables

    During the 1st half of 2025, in the context of high competition in the local authorities market, Compagnie de Financement Foncier refinanced a total of €400m in receivables for Groupe BPCE institutions. The majority of this related to primary refinancing operations won by Groupe BPCE institutions.

    II. COMPAGNIE DE FINANCEMENT FONCIER’S INCOME STATEMENT

    In millions of euros (i) 1sthalf 2025 1sthalf 2024
    Net interest margin 60 75
    Net commissions 4 4
    Other bank operating charges (net) -1 -1
    Net banking income 63 78
    General operating expenses -29 -27
    Gross operating income 34 51
    Cost of risk -1 1
    Gains or losses on long-term investments 1 0
    Income before tax 34 52
    Income tax -12 -13
    Net income 22 39

    Net banking income amounted to €63m, down €15m compared to the 1st half of 2024.

    General operating expenses, at €29m, remained under control, and took into account the billing of services carried out by Crédit Foncier, as well as fees and sub-contracting expenses which were contained.

    Gross operating income amounted to €34m.

    The cost of risk represented a net allocation of €1m under the effect of a net individual risk allocation of €0.5m.

    The overall tax expense amounted to €12m, impacted by the income tax surcharge resulting from the French Finance Act for 2025.

    Net income was €22m at June 30, 2025, compared to €39m at June 30, 2024.

    III. BALANCE SHEET INFORMATION

    Compagnie de Financement Foncier’s total balance sheet amounted to €59.1bn at June 30, 2025, compared to €61.0bn at December 31, 2024.

    Assets refinanced by Compagnie de Financement Foncier for the Group’s institutions during the 1st half of 2025 mainly concerned the public sector, with a slight increase in their proportion on Compagnie de Financement Foncier’s balance sheet.

    At June 30, 2025, the covered bonds outstanding totaled €51.7bn, including related debts, up slightly compared to December 31, 2024 (€51.5bn).

    IV. PRUDENTIAL INFORMATION

    Although exempt from regulatory requirements with regard to solvency ratios, Compagnie de Financement Foncier calculates a Common Equity Tier One (CET 1) ratio, for its scope and for indicative purposes. At June 30, 2025, this ratio remained well above the thresholds provided for by Regulation 575/2013 (CRR).

    In accordance with the legislation applicable to Sociétés de Crédit Foncier, Compagnie de Financement Foncier maintains a coverage ratio for its privileged liabilities of more than 105%.

    Appendices

    ***

    Unless otherwise stated, the financial data in this press release are estimated as of today’s date and based on the Compagnie de Financement Foncier financial statements. The latter include the individual financial statements and related explanatory notes, prepared in accordance with applicable French accounting standards and Groupe BPCE standards.

    At the date of publication of this press release, the audit procedures carried out by the Statutory Auditors on the interim financial statements are ongoing.

    A wholly-owned subsidiary of Crédit Foncier and Groupe BPCE, and an affiliate of BPCE, Compagnie de Financement Foncier is an authorized specialist credit institution and a Société de Crédit Foncier.

    Regulated information can be found on the website: https://foncier.fr/en/, under “Financial communication/Regulated information”.

    Contact: Investor Relations

    Email: ir@foncier.fr
    Tel.: +33 (0) 1 58 73 55 10

                     

    (i) The rounding of certain amounts expressed in millions of euros in this press release may lead to differences compared with the amounts in euros.

    Attachment

    The MIL Network –

  • New National Cooperative Policy to be unveiled soon: Amit Shah

    Source: Government of India

    Source: Government of India (4)

    The Government is set to unveil the New National Cooperative Policy (NCP), aimed at realising the vision of “Sahakar se Samriddhi,” the core mandate of the Ministry of Cooperation. In a written reply to the Rajya Sabha, Minister of Cooperation Amit Shah said that the policy seeks to unlock the full potential of the cooperative sector by providing a comprehensive framework for its growth and development.

    To formulate the new policy, a national-level committee was constituted on 2nd September 2022 under the chairmanship of Suresh Prabhakar Prabhu. The committee comprises experts from the cooperative sector, representatives from various levels of cooperative societies, Secretaries and Registrars of Cooperative Societies from States and Union Territories, and officials from central ministries and departments.

    Over the course of its work, the committee held 17 meetings and organised four regional workshops to gather feedback and suggestions from stakeholders across the country. These inputs have been carefully integrated into the draft policy, which is now ready and will be made public shortly.

    Highlighting the Government’s efforts to strengthen the cooperative movement, the Minister informed the House that a comprehensive plan has been approved to expand the reach of cooperatives to the grassroots level. The plan aims to establish two lakh new multipurpose Primary Agricultural Credit Societies (M-PACS), along with dairy and fishery cooperatives, in every panchayat and village across India over the next five years. This will be achieved through convergence of various Government of India schemes such as the Dairy Infrastructure Development Fund (DIDF), National Programme for Dairy Development (NPDD), and the Pradhan Mantri Matsya Sampada Yojana (PMMSY), with active support from NABARD, NDDB, NFDB, and State Governments.

    As part of this initiative, Margdarshika-a guidebook detailing the roles and responsibilities of all stakeholders- was released on 19th September 2024. According to the National Cooperative Database, a total of 21 new PACS have been registered in Haryana as of 30th June 2025.

    However, no new PACS were established in the state during the first quarter of the current financial year, from 1st April to 30th June 2025, as per the latest data available on the National Cooperative Database Portal.

     

  • MIL-OSI USA: Rep. Scholten Blocks Trump Cuts, Delivers Millions for Michigan Manufacturers

    Source: United States House of Representatives – Congresswoman Hillary Scholten – Michigan

    WASHINGTON, DC – Today, U.S. Congresswoman Hillary Scholten (MI03) announced a major win for West Michigan, successfully securing more than $4.9 million in federal funding for the Manufacturing Extension Partnership Program (MEP) and The Michigan Manufacturing Technology Center (MMTC) after it was announced the Department of Commerce would not be renewing their cooperative agreement that provided these funds. This victory will allow manufacturers and working-class families in West Michigan and beyond to thrive. 

    “I fought back against an attack on Michigan manufacturing and won. Michigan’s manufacturers are the backbone of our economy, and I refuse to sit back while political games threaten their future,” said Rep. Scholten. “West Michigan’s manufacturers deserve a partner in Washington who shows up and delivers–and that’s exactly what I did. I’ll always fight to protect the working families and businesses that keep West Michigan running.”

    At the beginning of the year, the Trump Administration notified several MEP Centers that they would not be renewing their cooperative agreements, risking MMTC’s funding. In April, the MMTC discussed how defunding this program would harm the 157 American manufacturers and 16,513 employees in Michigan’s Third District that have worked with them. Across the state, the MMTC created 4,949 manufacturing jobs. On June 9th, Rep. Scholten called on Secretary Lutnick and Acting Director Burkhart to support MMTC’s cooperative agreement. 

    After pushing Rep. Scholten’s calls, the National Institute of Standards and Technology announced that MMTC would receive a year of federal funding. They emphasized the aim of the funding is to empower Michigan’s small and medium-sized manufacturers (SSMs) by providing essential resources, expert knowledge and collaborative support. Additionally, employees within these manufacturing companies will benefit from workforce development programs, equipping them with essential skills for career advancement. 

    The broader Michigan economy will also see positive impacts through increased manufacturing output, investment, and job creation. Scholten’s advocacy ensured that the Trump Administration could not get in the way of Michigan’s manufacturing.

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    MIL OSI USA News –

  • MIL-OSI USA: New 3D Elevation Program Fact Sheet for Louisiana

    Source: US Geological Survey

    “3DEP data have become an industry standard as the program continuously adapts to technological improvements. The USGS meritoriously manages the program with numerous partner agencies within its existing authority.”
    —Lynn E. Dupont, Principal Planner/GIS Manager for The Regional Planning Commission for the Southeast Louisiana Parishes of Greater New Orleans

    Louisiana’s unique relationship with the Mississippi River Delta and role as a transportation hub for the Nation make high-resolution elevation data critical to the State’s economy. State and local governments, including academic and nongovernmental organizations, require this data to make informed decisions on flood risk mitigation, infrastructure and construction management, and more.

    Quality level 2 or better lidar is in progress or available across the State as a result of partnership with the U.S. Geological Survey through the 3D Elevation Program.

    Download the new 3DEP State Fact Sheet to learn about available lidar and the many beneficial uses of the data. You can access the fact sheet through the linked button above and at the USGS publication page. Fact sheets for other states are also available in the 3DEP State Fact Sheet repository. 

    To view and access 3DEP lidar data, please visit the USGS LidarExplorer. To download these and other National Map products, please visit The National Map Downloader.
     

    MIL OSI USA News –

  • MIL-OSI USA: New 3D Elevation Program Fact Sheet for Louisiana

    Source: US Geological Survey

    “3DEP data have become an industry standard as the program continuously adapts to technological improvements. The USGS meritoriously manages the program with numerous partner agencies within its existing authority.”
    —Lynn E. Dupont, Principal Planner/GIS Manager for The Regional Planning Commission for the Southeast Louisiana Parishes of Greater New Orleans

    Louisiana’s unique relationship with the Mississippi River Delta and role as a transportation hub for the Nation make high-resolution elevation data critical to the State’s economy. State and local governments, including academic and nongovernmental organizations, require this data to make informed decisions on flood risk mitigation, infrastructure and construction management, and more.

    Quality level 2 or better lidar is in progress or available across the State as a result of partnership with the U.S. Geological Survey through the 3D Elevation Program.

    Download the new 3DEP State Fact Sheet to learn about available lidar and the many beneficial uses of the data. You can access the fact sheet through the linked button above and at the USGS publication page. Fact sheets for other states are also available in the 3DEP State Fact Sheet repository. 

    To view and access 3DEP lidar data, please visit the USGS LidarExplorer. To download these and other National Map products, please visit The National Map Downloader.
     

    MIL OSI USA News –

  • MIL-OSI Africa: Afreximbank Shareholders Approve Key Resolutions and Reaffirm Support for Preferred Creditor Status

    Source: APO

    At the 32nd Annual General Meeting of Shareholders of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), held as part of the Bank’s 2025 Annual Meetings in Abuja, Nigeria, from 25 to 28 June 2025, shareholders approved a series of key resolutions aimed at strengthening the Bank’s strategic direction, financial resilience, and governance.

    Among the most significant outcomes was the appointment of Dr. George Elombi as the fourth President and Chairman of the Board of Directors, succeeding Professor Benedict Oramah, who will step down later this year after nearly a decade of transformative leadership.

    Shareholders also approved the expansion of the Bank’s Concessional Finance Window, increasing its capital allocation from USD 1 billion to USD 5 billion, and raising the direct shareholder contribution from USD 200 million to USD 700 million. This substantial expansion reflects the growing demand for accessible development finance across Africa and the Caribbean, and strengthens Afreximbank’s capacity to support inclusive and sustainable economic growth.

    In addition, shareholders reaffirmed the commitment of the Bank’s Member States to Afreximbank’s Preferred Creditor Status (PCS), as codified in the Bank’s Establishment Agreement, to which all Member States are signatories. This reaffirmation underscores continued support for the Afreximbank’s role as a trusted African Multilateral Financial Institution.

    In what marked his final Shareholders’ Meeting, Professor Oramah welcomed the outcomes and expressed appreciation for the vision and leadership shown:

    “It has been a great honour to serve as President and Chairman of the Board of Directors of Afreximbank for the past decade. I commend our shareholders for the bold and strategic decisions taken, particularly the unwavering reaffirmation of their commitment to respect their obligations under the Afreximbank Establishment Agreement, through which the Bank enjoys Preferred Creditor Status across its member states. We also welcome their decision to increase the size of the Africa Trade Transformation Fund (ATTF), the Concessional Finance initiative launched at the 30th Annual Meetings of the Bank, from USD 1 billion to USD 5 billion. These decisions would collectively shape the future of this great institution and advance Africa’s prosperity.

    “I am confident that the Bank is well placed to continue making a profound impact under the capable leadership of my able successor, Dr. George Elombi, and I extend my very best wishes to him.”

    The shareholders also elected Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy as Chairman of the General Meeting for the period 2025/2026 and passed other statutory resolutions including adoption of the Bank’s audited financial statements for the year ended 31 December 2024 and appointment of auditors.

    The shareholders in addition confirmed the re-election of Dr. Denny Hamachila Kalyalya (Zambia), Dr. John Panonesta Mangudya (Zimbabwe) and Mr. Victor Jérôme Nembelessini-Silué (Côte d’Ivoire) to the Bank’s Board of Directors. Independent Directors Mr. Anil Dua (United Kingdom) and Mr. Ronald Sibongiseni Ntuli (South Africa) were also re-elected.  Newly elected Directors include Mrs. Leila Mokaddem (Tunisia), as a nominee of the African Development Bank.

    The shareholders noted the challenges and negative reports disputing African Multilateral Financial Institutions and undermining the commitments that African states have made in the treaties establishing these institutions, including Afreximbank.

    In a statement unanimously endorsed and adopted by the General Meeting, Mr. Wale Edun, Nigeria’s Minister of Finance and Chairman of the General Meeting, affirmed the shareholders’ unwavering confidence in the Bank’s financial resilience and mandate to drive Africa’s trade-led growth.

    Mr. Edun stated: “The shareholders affirm their respect for the 1993 treaty establishing Afreximbank, signed and ratified by African states, noting that it enshrined binding sovereign commitments and underpinned the preferred creditor status (PCS) of the Bank, shielding its loans from sovereign debt restructurings.

    “Additionally,  shareholders reaffirm the commitment of the Bank’s Member States to the Preferred Creditor Status (PCS) enshrined in the Bank’s Establishment Agreement to which all Member States are signatories and call for collective responsibility in safeguarding the integrity of African Multilateral Financial Institutions (AMFIs).

    “This meeting confirms shareholders’ full commitment to supporting the Bank’s mission, and call upon all stakeholders to engage constructively, reflecting the Bank’s robust legal protections and credit fundamentals.”

    This collective statement by Afreximbank’s shareholders sends a strong signal to partners, rating agencies, and the broader financial community: the Bank remains a trusted and protected institution anchored by solid legal foundations and an unwavering mandate to drive Africa’s economic transformation through trade.

    Nearly 6,000 delegates attended the 32nd Afreximbank Annual Meetings, making it the Bank’s most highly attended Annual Meeting in its 32-year history. Attendees included 22 current and former African and Caribbean Heads of State or their representatives, as well as policymakers, academics, business leaders and high-profile dignitaries. 

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

    Follow us on: 
    X: https://apo-opa.co/4m5A4QT
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    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

    Media files

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    MIL OSI Africa –

  • MIL-OSI Security: Environmental crime threatening peace and security, finds new INTERPOL-UN Environment report

    Source: Interpol (news and events)

    8 December 2016

    Washington DC, USA – More than 80 per cent of countries consider environmental crime a national priority, with the majority saying new and more sophisticated criminal activities increasingly threaten peace and security.

    INTERPOL and UN Environment surveyed close to 70 countries for their new joint report, ‘Environment, Peace and Security – A Convergence of Threats’, released today at the Law, Justice and Development Week 2016 hosted by the World Bank in Washington DC.

    The report focuses on the links between global environmental crime, valued at USD 91 – 258 billion annually, and other criminal activities, including organized crime and terrorism.

    More than 60 per cent of surveyed countries stated they were witnessing new environmental crimes or modus operandi, indicating growing sophistication and adaptation by transnational organized crime groups.

    In addition, 84 per cent reported a convergence with other serious crimes, such as corruption (42 per cent), counterfeiting (39 per cent), drug trafficking (36 per cent), cybercrime (23 per cent) and financial crime (17 per cent).

    INTERPOL Secretary General Jürgen Stock said: “Environmental crime is transnational in scope and insidious in nature. It robs governments of much-needed revenues, people of their livelihoods, and communities of peace and security. The international community needs to support a comprehensive approach by following rhetoric with action, policy with implementation and law with enforcement.”

    The report found that some non-state armed groups, terrorist groups and criminal networks fund their activities by exploiting natural resources in conflict areas, posing a serious threat to peace and security. It is estimated that at least 40 per cent of internal conflicts have a link to natural resources.

    “The time has come to meet the threat of environmental crime with a coordinated response from member states, international organizations and the United Nations. Such a response must address the need for improved information sharing, enhanced protection of civilians, better law enforcement and a deeper understanding of the drivers of conflicts,” said Erik Solheim, Under-Secretary-General of the United Nations and Head of UN Environment.

    With environmental crime sometimes viewed as an alternative to poverty for low-income populations, their needs are exploited by criminal groups which rely on them for activities, such as illegal poaching, logging, fishing or mining.

    The report recommends, among others: a multidisciplinary approach to tackling environmental crime; greater information exchange across sectors; increased focus on the implementation of environmental policy; and stronger financial support including through Official Development Assistance.

    The report’s publication follows the resolution adopted at the 71st session of the UN General Assembly in November which calls for enhanced cooperation between the UN and INTERPOL against transnational crime and terrorism.

    MIL Security OSI –

  • MIL-OSI Security: Global corruption in forestry sector worth USD 29 billion a year – INTERPOL report

    Source: Interpol (news and events)

    9 December 2016

    LYON, France – An INTERPOL report released on International Anti-Corruption Day underlines the scale of criminal activity tied to the forestry sector and the importance of coordinating anti-corruption efforts to protect forests.
     
    Among its key findings, the report entitled Uncovering the Risks of Corruption in the Forestry Sector estimates that the annual global cost of corruption in the forestry sector is worth some USD 29 billion.
     
    It also found that bribery is reported as the most common form of corruption in the forestry sector. Other forms of corruption include fraud, abuse of office, extortion, cronyism and nepotism.
     
    The report says that criminal networks use corruption and bribe officials to establish ‘safe passage’ for the illegal movement of timber. Criminal groups also exploit these routes to transport other illicit goods such as drugs and firearms.
     
    It includes an example from Peru where the mayor of an important timber trading city was arrested for his involvement in drug trafficking through plywood shipments. The mayor controlled a timber business that had been used to strategically build a logistical network for bribing officials to move illegally harvested timber out of the country.
     
    Using this network, the mayor and other drug traffickers were able to move cocaine hidden in plywood shipments. Upon arrest, police seized assets worth USD 71 million which could not be accounted for.
     
    “By raising awareness and documenting current corruption practices as well as potential solutions, we empower law enforcement officers in the field. This increases the chances of criminals getting caught and is one of the greatest deterrents to corruption,” said INTERPOL Secretary General Jürgen Stock.

    INTERPOL’s report released on International Anti-Corruption Day underlines the scale of criminal activity tied to the forestry sector and the importance of coordinating anti-corruption efforts to protect forests.

    In 2012, INTERPOL launched Project Leaf to counter various aspects of forestry crime, including illegal logging and timber trafficking, and related crimes such as corruption.

    “An international, coordinated response is an essential part of the solution to combat the organized transnational criminal groups involved in forestry crime. Our collective goal must be to turn corruption into a high risk, low profit activity,” added the Head of INTERPOL.

    To this end the key measures that the report recommends include capacity building across the entire law enforcement chain, enhanced financial investigation techniques, and adoption of INTERPOL’s I-24/7 global secure communications network for anti-corruption investigators.

    In 2012, INTERPOL launched Project Leaf to counter various aspects of forestry crime, including illegal logging and timber trafficking, and related crimes such as corruption.

    Under the Project, INTERPOL can issue international notices and alerts on behalf of member countries to request information on, and warn of, the movements and activities of people, vehicles and vessels.
     
    It can also organize national and regional training sessions relevant to forestry crime, including evidence collection, chain-of-custody and operational planning.

    Funded by the Norwegian Agency for Development, Project Leaf works in collaboration with UN Environment to help shape a global response to forestry crime.

    MIL Security OSI –

  • MIL-OSI Security: INTERPOL operation targeting phone scams nets 1,500 arrests

    Source: Interpol (news and events)

    LYON, France – More than 1,500 people have been arrested in an INTERPOL-coordinated operation targeting multi-million euro telephone and e-mail scams across Asia.

    More than 1,500 people were arrested in an INTERPOL-coordinated operation targeting multi-million euro telephone and e-mail scams across Asia.

    Operation First Light 2016 targeted a variety of social engineering fraud scams and related financial crimes.

    Operation First Light 2016 saw police across the region conduct raids of suspicious call centres, with the largest in the Philippines where police arrested some 1,300 Chinese nationals working in a single location as part of a massive criminal operation.

    The suspects were engaged in a range of criminal activities from the same building, including telephone scams aimed at victims in China, money laundering and illegal online gambling.

    Based on intelligence exchanged in the framework of the operation, in December police in Spain arrested more than 200 Chinese nationals and shut down 13 call centres in Madrid, Barcelona and Alicante which scammed thousands of victims out of some EUR 16 million.

    In this case, the suspects posed as law enforcement or justice officials, telling the victims in China that their bank accounts had been targeted by criminals and directing them to transfer a sum of money into a designated bank account in order to track the criminals.

    The two-month operation targeted a variety of social engineering fraud scams – including telephone deception, romance scams and e-mail deception – and related financial crimes.

    ‘Social engineering fraud’ refers to scams which manipulate or trick people into giving out confidential or personal information which can then be used for financial gain by the criminals involved.

    “By sharing information through INTERPOL, police can overcome the challenges in investigating international telephone fraud, such as criminals frequently changing locations or IP addresses, and build working relationships to prevent similar criminal activity in the future,” said Makoto Tanase, Coordinator of INTERPOL’s Financial Crimes unit.

    INTERPOL’s Financial Crimes unit, in conjunction with the Liaison Office in Bangkok, facilitated the exchange of information and coordinated the joint police action during the operation, which took place between 1 October and 30 November.

    Korean, Thai and Indian nationals were also among those arrested, with additional countries in Europe and the Americas contributing intelligence or providing investigative support. In addition to social engineering fraud, the suspects also face charges of payment card fraud and related financial crimes.

    Countries participating in Operation First Light 2016 included: Austria, China, Hong Kong (China), Japan, Korea, Philippines, Thailand, Timor-Leste and the United States.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Council Leader reflects on Derby’s diverse communities

    Source: City of Derby

    In her latest column, Councillor Nadine Peatfield reflects on the diverse communities that make up Derby, creating a rich and vibrant place to live and work…

    As a councillor, celebrating and investing in our communities has always been, and continues to be, the most important part of the job.

    Now more than ever before, it is critical that we celebrate the diverse communities that make our city what it is. This isn’t just a feel-good exercise, it’s essential to be a stronger and more creative society. When we embrace and celebrate experiences, we discover so much potential that benefits us all.

    Here in Derby, we have a long history of celebrating the wide range of cultures represented in our city. During the Spanish Civil War, 50 children came to Derby as refugees and lived at Burnaston House – now the site of the Toyota Burnaston site – between 1937 and 1938 as part of a national effort to protect these children from the horrors of war. This story was in one of the newspapers we uncovered in a time capsule, whilst refurbishing Derby’s Market Hall.

    During the Second World War, Derby also became the temporary home to around 270 Belgian refugees, many of whom made Derby their permanent home after the war ended, as well as many displaced Ukrainians who have contributed significantly to our city. These are just a few examples of our city stepping up to help those in need of a new or temporary home and giving them a warm Derby welcome. If you’re interested, you can find out more about these refugees in our Local Studies Library.

    Back to the present day, I had the privilege of attending the Community Party in Arboretum Park earlier last month, organised by Rosehill Infant School and Community One, as well as other local organisations. The event was all based around ‘Celebrating Culture’ and residents enjoyed entertainment, sports, food and most importantly, had fun together whilst celebrating the many different cultures represented, particularly in Arboretum and Normanton.

    Events like these play a crucial role in putting the unity into community. When we take the time to learn about traditions that are different to our own, we break down barriers and build a greater understanding of our neighbours.

    Did you know that, according to the most recent Census, more than 80 languages are spoken in Derby, including British Sign Language? I loved visiting the Royal School for the Deaf Derby recently to meet their students, teachers and some of the parents. It was such a joyous occasion with choirs signing expressively to music and a keynote speech from the Council’s very own Corey Beck. Whilst there, I had a wonderful conversation with recent OBE recipient, Wendy Daunt, an absolute inspiration who has been rightly recognised for her life-long campaigning for sign language. I hope to be able to support her further aspirations for deaf inclusion across our city.

    I was also invited to attend the opening service of the RCCG Solid Rock Church in their new home on East Street. It’s fabulous to have such a vibrant place of worship right in the heart of our city. I’ve very grateful to Pastor James and his team, who work tirelessly for communities and people facing challenges. I hope everyone will take the opportunity to welcome them to the city centre and learn more about their church.

    Celebrating its 50th year, the Caribbean Carnival organised by the Derby West Indian Community Association is a highlight of our calendar, bringing together communities and celebrating Caribbean culture – how can you not love the vibrant costumes, energetic dancers and fabulous music?!  Our city would be a much duller place without it.

    Different backgrounds bring different problem-solving approaches, leading to more robust solutions and greater innovation. Look at all the different global organisations that have put down roots in Derby, such as Toyota, which not only enhance our city, but create new jobs and boost our local economy.  

    By celebrating the diversity of our city, we’re not prioritising one group of people over another or forgetting our history, but rather about creating a space where everyone feels welcome, valued and respected for who they are. Diversity, in its truest sense, encompasses a vast spectrum: race, ethnicity, religion, socioeconomic status, sexual orientation, gender identity, age, disability, and countless other features that make us unique. Ignoring or downplaying these differences isn’t just a missed opportunity, it harms our society.

    Increasingly, we are seeing more and more hurtful, divisive, and frankly unacceptable language used online about the cultures and communities represented in our city. Let me be clear; racism has no place in Derby, and I’d like to challenge anyone who is tempted to engage with or contribute to this negativity to consider the damage that this does to our city and to our communities.

    I know that celebrating diversity isn’t always easy. It requires conscious effort, open-mindedness, and a willingness to confront our own biases. It means actively seeking out diverse voices, listening to their stories, and creating platforms for their contributions. This is why the Council is actively taking steps to genuine inclusion, empowering all our communities to thrive.

    In these turbulent global times, let’s celebrate our differences and reap the benefits that it brings to all of us. After all, we have far more in common than that which divides us.

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Turning waste into economic growth

    [. This growth has solidified Alberta as a leader across Canada and the world in producing manufactured goods and materials.

    To build on the province’s leadership, Alberta’s government is investing up to $49 million from the industry-funded Technology Innovation and Emissions Reduction (TIER) program to support 18 new projects. These projects will create close to 1,600 jobs and inject $233 million into Alberta’s economy.

    “Manufacturing is a pillar of our economy, employing tens of thousands of Albertans and solving real-world challenges. This funding will help manufacturers do more with the resources we already have, producing the goods Albertans rely on while strengthening the province’s global competitiveness, creating more jobs and protecting the environment.”

    Rebecca Schulz, Minister of Environment and Protected Areas

    The province’s investment through Emissions Reduction Alberta (ERA) will expand the development of waste management, carbon utilization, critical minerals, energy storage, geothermal, oil sands and more. It will also create Alberta’s first recycling system for agricultural plastics and a facility that turns wood waste from construction, demolition and renovation into valuable building materials.

    “By investing in advanced materials and circular economy solutions, we’re helping Alberta’s industries stay competitive, create jobs and reduce emissions. This funding supports technologies that make better use of our resources while cutting costs. It’s a win for both the economy and the environment.”

    Justin Riemer, chief executive office, Emissions Reduction Alberta

    The funding will help businesses such as Pro-Pipe Service and Sales in Nisku create new technology that aims to lower costs and expand the use of geothermal energy projects in Alberta and beyond. Carbonova Corporation in Calgary will also use the funding to develop its process to turn plant-based waste like woodchips and byproducts from oil refining into carbon nanofibers, which are 40 times stronger than steel, and used in products like batteries and sports equipment.

    “Support from the provincial government through Emissions Reduction Alberta is instrumental in launching our organics processing pilot facility in Alberta. By converting organic material into clean, high-value cellulosic fiber, we’re helping avoid methane emissions from landfills and creating low-carbon feedstocks that support decarbonization across multiple downstream industries.”

    Dane McSpedon, chief executive officer, Hughes Energy Group

    “ERA’s support in developing higher-performing recycled materials reflects the Government of Alberta’s confidence in homegrown innovation. NOVA Chemicals has a proud legacy of advancing technologies that reshape plastics for a better future, and we are pleased to receive this funding as we demonstrate how Alberta ingenuity can deliver sustainable solutions with global impact.”

    Rocky Vermani, senior vice-president of innovation, sustainability and strategy, NOVA Chemicals

    “Government of Alberta funding through ERA is the catalyst that makes industrial-scale wood recovery possible. It sends a clear signal to investors and municipalities that Alberta is ready to lead the shift toward a low-carbon, circular building economy.”

    Jay Sanderson, president, Backroads Reclamation

    “Support from the Government of Alberta through Emissions Reduction Alberta is a game-changer for our Nisku facility. This funding accelerates our timeline, creates local jobs and helps launch a new made-in-Alberta carbon-based battery materials industry utilizing abundant sustainable carbon waste. It’s a major step forward in building local clean-tech solutions with global impact.”

    Mitchell Miller, chief executive officer, Atlas Power Technologies Inc.

    Quick facts

    • The 18 projects will reduce about 3.4 million tonnes of emissions by 2030.
    • All projects involve field testing, piloting, demonstration or first-of-kind implementation of a new technology.
    • The TIER fund uses industry dollars to help Alberta facilities invest in innovative emissions-reduction technology to stay globally competitive, create jobs and save money.

    Related information

    • Emissions Reduction Alberta
    • Technology Innovation and Emissions Reduction System

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI USA: Dingell, Huizenga, Walberg Bill to Modernize Fishery Management Passes House

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    The House of Representatives today passed the Great Lakes Mass Marking Act, led by Representatives Debbie Dingell (MI-06), Bill Huizenga (MI-04), co-chairs of the Great Lakes Task Force, and Tim Walberg (MI-05), member of the Great Lakes Task Force.

    This legislation would mass mark all hatchery-produced fish. Currently, the United States tags only 9 to 11 million of the 21 million fish stocked each year. By marking all hatchery fish, mass marking will improve data collection, enabling better analysis of the health of wild fish stocks. This would provide valuable insights to help develop a science-based, collaborative fishery management program. With the Great Lakes fishing economy valued at around $7 billion, this data-driven approach could significantly enhance the sustainability and effectiveness of hatchery operations and fisheries management. 

    View Rep. Dingell’s remarks on the bill on the House floor here.

    “Mass marking is the practice of tagging large numbers of hatchery-raised fish so we can easily distinguish them from the wild fish population. Currently, we only mark 41 percent of hatchery fish. The implementation of mass marking will help us better understand the fish populations of our Great Lakes and the cultural, economic, recreational, and food benefits they provide,” said Rep. Dingell. “This bill provides the tools needed to the U.S. Fish and Wildlife Service to implement a mass marking program for every hatchery fish in the Great Lakes region, which will allow fishery managers to collect valuable, timely information, ultimately improving the effectiveness and efficiency of hatchery operations and fishery management. I’m proud it passed the House, and will continue to work across the aisle with my colleagues to get it signed into law.” 

    “Recreational fishing generates significant revenue for small businesses across Michigan while also allowing anglers and families to make memories that last a lifetime,” said Rep. Huizenga. “Establishing a Great Lakes Mass Marking Program will improve the effectiveness of our fisheries while enhancing the environmental, scientific, and recreational benefits that healthy fish populations provide. This bipartisan initiative is a win for both the economy and the ecology of the Great Lakes.”

    “From Lake Michigan to Lake Erie, our fisheries are a cornerstone of our way of life,” said Rep. Walberg. “As an avid fisherman myself, I understand how robust and healthy fisheries are a lifeline for Michiganders, fueling local economies, offering world-class opportunities for outdoor enthusiasts, and upholding traditions for many families. I am pleased to see the House pass this vital legislation to ensure we have the tools and data necessary to preserve the fisheries of the Great Lakes for generations to come.” 

    The Great Lakes Mass Marking Act would establish a program within the U.S. Fish and Wildlife Service (FWS) for the mass marking of hatchery-produced fish in the Great Lakes basin. The FWS initiated the program in 2010 on a limited scale. Under the existing program, the FWS tags hatchery-produced fish stocked in the Great Lakes, and produces data used by state and tribal fish management agencies to make management decisions regarding Great Lakes fisheries.

    This bill would authorize $5,000,000 annually from FY26 to FY30 for FWS to carry out tagging and tag recovery operations on a greater scale and hire additional personnel.

    The FWS must make the data collected under the program available to applicable federal, state, and tribal fish management agencies to:

    • increase the understanding of the outcomes of management action;
    • assist in meeting the restoration objectives of the Great Lakes;
    • assist in balancing predators and prey;
    • support and improve the economic status of tribal, recreational, and commercial fisheries; and
    • assist in evaluating the effectiveness of habitat restoration efforts in the Great Lakes.

    View the bill text here.

    MIL OSI USA News –

  • MIL-OSI: API Bank a.d. Beograd Prepares Updated Corporate Governance Documents in Line with New Banking Law

    Source: GlobeNewswire (MIL-OSI)

    API Bank a.d Beograd Logo

    BELGRADE, Serbia, July 23, 2025 (GLOBE NEWSWIRE) — API Bank a.d. Beograd announces that the General Meeting of Shareholders, chaired by Mr. Andrey Shlyakhovoy, has adopted updated editions of the Bank’s Statute and Incorporation Act. The revisions are intended to align with forthcoming amendments to the Law on Banks of the Republic of Serbia, which take effect on October 1, 2025.

    The updated documents reflect API Bank’s continued commitment to maintaining strong corporate governance and compliance practices. By proactively adjusting its foundational documents ahead of the legal changes, the Bank aims to ensure a smooth transition and full adherence to regulatory expectations.

    While specific provisions of the updated documents will come into effect following regulatory confirmation, the Bank’s leadership has worked to ensure that the revisions are consistent with both the spirit and letter of the upcoming legal framework.

    Final implementation of the revised Statute and Incorporation Act is subject to approval by The Regulator.

    About API Bank a.d. Beograd

    The Bank has been present in the Serbian market since 2008 and was established as greenfield investment in the banking sector of Serbia. With a change in ownership structure since 2018, the Serbian company AZRS INVEST d.o.o. became the 100% owner of the Bank. Focused on providing quality products and services, the Bank’s business network includes two branches in Belgrade and one branch in Novi Sad. The name of the Bank – API (Application Programming Interface) reflects a vision of the future that will bring technological progress and integration of practical solutions in everyday business. The Bank is focused on modernization and is committed to applying quality and innovative solutions using the latest financial technologies, digitalization, and expanding e-services that play a vital role for further development.

    Media Contact:
    API Bank a.d. Beograd
    Office of Corporate Affairs
    office@apibank.rs
    www.apibank.rs

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ffbc1a5-38e1-4f6c-ab6a-3bd1b093541f

    The MIL Network –

  • MIL-OSI: CJB Crypto reshapes the ETH earning experience: building a new path for stable income in the crypto wave

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 23, 2025 (GLOBE NEWSWIRE) — The continued expansion of the cryptocurrency market has given rise to innovative participation models. With its unique advantages, digital asset platforms are becoming a key channel for individuals looking to generate passive income. Unlike traditional setups that require significant hardware investment and technical know-how, modern platforms now offer computing power leasing as a simplified, accessible model for users.

    Breaking through traditional constraints: the core advantage of computing power leasing
    Zero hardware requirements:
     Participants no longer need to research machine specifications, manage heat dissipation, or handle frequent equipment upgrades. The era of complex technical maintenance is being replaced by user-friendly digital platforms.

    Flexible participation options:
     Users can select resource plans based on their personal budgets and market conditions, allowing them to scale their investment up or down as needed.

    Green efficiency upgrade: 
    Top platforms prioritize renewable energy sources such as hydropower and wind, greatly reducing the carbon footprint per transaction and aligning with sustainable investment goals.

    Transparent and manageable returns:
     Real-time earnings tracking, supported by blockchain data, makes daily profits visible and integrates smart contracts for automated distribution.

    A secure choice under a compliance framework
    Protecting user assets is a fundamental priority. Leading service providers actively engage with global regulatory standards. CJB Crypto, for example, has obtained a payment service license from the Monetary Authority of Singapore (MAS) and a virtual asset service provider (VASP) license in Estonia, providing robust legal safeguards for participants.

    Diversified strategies for income growth

    Startup incentives:
     New users receive a $10 welcome package and can immediately begin earning through network contribution.

    Community-driven model:
     The referral program offers dual rewards—earn 3% of your direct invitees’ net earnings and an additional 1.5% from their extended network, with total referral bonuses capped at $50,000.

    Auto-reinvestment feature:
     Daily returns can be automatically reinvested into resource contracts, enabling compound growth and supporting long-term wealth accumulation.

    Optimized user experience in modern platforms:

    • A real-time dashboard displays resource performance and yield trends across major digital assets like BTC, ETH, and FIL
    • Supports conversion of earnings to stablecoins (e.g., USDT, USDC) or direct withdrawals to digital wallets
    • Offers tiered packages to suit everyone—from beginners exploring the space to advanced users seeking high-performance options

    As global infrastructure continues to evolve, modern platforms offer a balanced approach to crypto asset allocation, combining efficiency, transparency, and innovation. Choosing a trusted provider with sustainable practices, clear operations, and regulatory alignment is essential for steady, long-term financial growth in the digital economy.

    Bring the world’s wealth to you. Join CJB Crypto and explore the limitless potential of digital 

    The MIL Network –

  • MIL-OSI Economics: Coming Soon on July 29 at 9:00 AM ET: World Economic Outlook Update, July 2025

    Source: International Monetary Fund

    COMING SOON

    Launch of the July 2025 World Economic Outlook Update

    The World Economic Outlook (WEO) is a survey of prospects and policies by the IMF staff, usually published twice a year, with updates in between. It presents analyses and projections of the world economy in the near and medium term, which are integral elements of the IMF’s surveillance of economic developments and policies in its member countries and of the global economic system. 

    RELEASE DATE
    • TUESDAY, JULY 29 at 9:00 AM ET: Press Briefing: World Economic Outlook Update, July 2025

      • Speakers:

      • Pierre-Olivier Gourinchas, Chief Economist and Director, Research Department, IMF
      • Petya Koeva-Brooks, Deputy Director, Research Department, IMF
      • Deniz Igan, Division Chief, Research Department, IMF
      • Moderator: José Luis de Haro, Communications Officer, IMF

    Publications

    MIL OSI Economics –

  • MIL-OSI Canada: Discontinuation of one-month treasury bill

    Source: Bank of Canada

    As announced in the 2025-26 Debt Management Strategy, the Government of Canada will be discontinuing the one-month treasury bill. This is in line with the policy intent to introduce it on a temporary basis as previously outlined in the federal 2024 Budget and a market notice. The last one-month treasury bill auction will occur on 29 July 2025.

    The one-month bill program was launched in May 2024 to support an orderly transition away from Bankers’ Acceptances (BAs) that are no longer being issued after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024.

    Given the greater availability and attractiveness of private sector alternatives for replacing BAs, the one-month treasury bill has fulfilled its objective of providing a partial substitute for BAs during a transition period and is no longer needed for maintaining well-functioning of the Canadian money market. This is evident from the mild auction demand and comments received from market participants during the Debt Management Strategy Consultations in Fall 2024.

    Operationally, there will be no changes to the Terms and Conditions and to the timing for the three, six, and twelve-month treasury bill auctions; however, starting on 12 August 2025 all treasury bill sectors’ Call for Tenders and Pre-Call for Tenders will occur at 10:40 am on their relevant days (currently at 1:00 pm).

    For further information, please contact:

    Director
    Financial Markets Department
    Bank of Canada
    343‑573‑4846

    Director
    Funds Management Division
    Department of Finance Canada
    343‑549‑3651

    MIL OSI Canada News –

  • MIL-OSI Canada: CFEC Releases Results of April 2025 Foreign Exchange Volume Survey

    Source: Bank of Canada

    The Canadian Foreign Exchange Committee (CFEC) released today the results of its April 2025 semi-annual survey of foreign exchange volumes in Canada. The purpose of the survey is to provide information on the size and structure of the foreign exchange and foreign exchange derivatives markets in Canada. Volumes are broken down by product, currency, counterparty, maturity and execution method. The eight banks with the largest foreign exchange sales activity in Canada participate.

    The summary highlights of the April 2025 survey include the following:

    • The monthly turnover in April of traditional foreign exchange products (defined as spot transactions, outright forwards and foreign exchange swaps) totaled about US$4.4 trillion. On an average daily basis, total turnover decreased by 1.7 per cent to US$201.0 billion from October 2024.
    • Spot transactions increased by 23.9 per cent to US$32.1 billion on an average daily basis from October 2024. Outright forwards increased by 11.2 per cent to US$24.2 billion and foreign exchange swaps decreased by 7.8 per cent to US$144.7 billion over the same period.
    • The monthly turnover of foreign exchange derivatives (currency swaps and options) totaled US$608 billion in April. On an average daily basis, derivatives turnover increased by 42.4 per cent to US$27.6 billion from October 2024.
    • Currency swaps turnover increased 49.6 per cent to US$21.4 billion and currency options turnover increased by 22.2 per cent to US$6.2 billion on an average daily basis from October 2024.
    • Compared with the survey from one year ago, the average daily turnover of traditional foreign exchange products increased by 12.7 per cent, and foreign exchange derivatives increased by 34.6 per cent.

    The detailed results of the survey are presented in the summary tables attached. 

    Notes

    CFEC is an industry group composed of senior representatives from financial institutions actively involved in the foreign exchange market in Canada and the U.S. dollar/Canadian dollar market globally. Formed in 1989, its objective is to provide a forum for the regular discussion of issues and developments pertinent to the foreign exchange market, including the review of market practices and procedures. The Bank of Canada chairs CFEC and provides secretariat services to the Committee.

    The Bank of Canada also co-ordinates the CFEC survey on behalf of the market participants. The eight banks that participate in the survey are:

    • Bank of America Canada
    • Bank of Nova Scotia
    • BMO Capital Markets
    • CIBC World Markets
    • National Bank of Canada
    • RBC Capital Markets
    • State Street Canada
    • TD Securities

    Globally, the (London) Foreign Exchange Joint Standing Committee, the (New York) Foreign Exchange Committee, the Singapore Foreign Exchange Market Committee, the Tokyo Foreign Exchange Market Committee, the Australian Foreign Exchange Committee and Hong Kong’s Treasury Markets Association conduct similar surveys. Their results are also released today (see links below).

    https://www.bankofengland.co.uk/markets/london-foreign-exchange-joint-standing-committee
    http://www.newyorkfed.org/fxc/volumesurvey/
    https://www.sfemc.org/statistics.html
    http://www.fxcomtky.com/index_e.html
    http://www.tma.org.hk/en_newsevents.aspx
    https://www.afxc.rba.gov.au/statistics/

    MIL OSI Canada News –

  • MIL-OSI USA: WHITE HOUSE UNVEILS AMERICA’S AI ACTION PLAN

    US Senate News:

    Source: US Whitehouse
    WASHINGTON, DC – The White House today released “Winning the AI Race: America’s AI Action Plan”, in accordance with President Trump’s January executive order on Removing Barriers to American Leadership in AI. Winning the AI race will usher in a new golden age of human flourishing, economic competitiveness, and national security for the American people.
    The Plan identifies over 90 Federal policy actions across three pillars – Accelerating Innovation, Building American AI Infrastructure, and Leading in International Diplomacy and Security – that the Trump Administration will take in the coming weeks and months.
    Key policies in the AI Action Plan include:
    Exporting American AI: The Commerce and State Departments will partner with industry to deliver secure, full-stack AI export packages – including hardware, models, software, applications, and standards – to America’s friends and allies around the world.
    Promoting Rapid Buildout of Data Centers: Expediting and modernizing permits for data centers and semiconductor fabs, as well as creating new national initiatives to increase high-demand occupations like electricians and HVAC technicians.
    Enabling Innovation and Adoption: Removing onerous Federal regulations that hinder AI development and deployment, and seek private sector input on rules to remove.
    Upholding Free Speech in Frontier Models: Updating Federal procurement guidelines to ensure that the government only contracts with frontier large language model developers who ensure that their systems are objective and free from top-down ideological bias.
    “America’s AI Action Plan charts a decisive course to cement U.S. dominance in artificial intelligence. President Trump has prioritized AI as a cornerstone of American innovation, powering a new age of American leadership in science, technology, and global influence. This plan galvanizes Federal efforts to turbocharge our innovation capacity, build cutting-edge infrastructure, and lead globally, ensuring that American workers and families thrive in the AI era. We are moving with urgency to make this vision a reality,” said White House Office of Science and Technology Policy Director Michael Kratsios.
    “Artificial intelligence is a revolutionary technology with the potential to transform the global economy and alter the balance of power in the world. To remain the leading economic and military power, the United States must win the AI race. Recognizing this, President Trump directed us to produce this Action Plan. To win the AI race, the U.S. must lead in innovation, infrastructure, and global partnerships. At the same time, we must center American workers and avoid Orwellian uses of AI. This Action Plan provides a roadmap for doing that,” said AI and Crypto Czar David Sacks.
    “Winning the AI Race is non-negotiable. America must continue to be the dominant force in artificial intelligence to promote prosperity and protect our economic and national security. President Trump recognized this at the beginning of his administration and took decisive action by commissioning this AI Action Plan. These clear-cut policy goals set expectations for the Federal Government to ensure America sets the technological gold standard worldwide, and that the world continues to run on American technology,” said Secretary of State and Acting National Security Advisor Marco Rubio.
    Learn more at ai.gov. 

    MIL OSI USA News –

  • MIL-OSI Africa: Togo’s ‘Nana-Benz’: how cheap Chinese imports of African fabrics has hurt the famous women traders

    Source: The Conversation – Africa – By Fidele B. Ebia, Postdoctoral fellow, Duke Africa Initiative, Duke University

    The manufacturing of African print textiles has shifted to China in the 21st century. While they are widely consumed in African countries – and symbolic of the continent – the rise of “made in China” has undermined the African women traders who have long shaped the retail and distribution of this cloth.

    For many decades Vlisco, the Dutch textile group which traces its origins to 1846 and whose products had been supplied to west Africa by European trading houses since the late 19th century, dominated manufacture of the cloth. But in the last 25 years dozens of factories in China have begun to supply African print textiles to west African markets. Qingdao Phoenix Hitarget Ltd, Sanhe Linqing Textile Group and Waxhaux Ltd are among the best known.

    We conducted research to establish how the rise of Chinese-made cloth has affected the African print textiles trade. We focused on Togo. Though it’s a tiny country with a population of only 9.7 million, the capital city, Lomé, is the trading hub in west Africa for the textiles.

    We conducted over 100 interviews with traders, street sellers, port agents or brokers, government officials and representatives of manufacturing companies to learn about how their activities have changed.

    “Made in China” African print textiles are substantially cheaper and more accessible to a wider population than Vlisco fabric. Our market observations in Lomé’s famous Assigamé market found that Chinese African print textiles cost about 9,000 CFA (US$16) for six yards – one complete outfit. Wax Hollandais (50,000 CFA or US$87) cost over five times more.

    Data is hard to come by, but our estimates suggest that 90% of imports of these textiles to Lomé port in 2019 came from China.

    One Togolese trader summed up the attraction:

    Who could resist a cloth that looked similar, but that cost much less than real Vlisco?

    Our research shows how the rise of China manufactured cloth has undermined Vlisco’s once dominant market share as well as the monopoly on the trade of Dutch African print textiles that Togolese traders once enjoyed.

    The traders, known as Nana-Benz because of the expensive cars they drove, once enjoyed an economic and political significance disproportionate to their small numbers. Their political influence was such that they were key backers of Togo’s first president, Sylvanus Olympio – himself a former director of the United Africa Company, which distributed Dutch cloth.

    In turn, Olympio and long-term leader General Gnassingbé Eyadéma provided policy favours – such as low taxes – to support trading activity. In the 1970s, African print textile trade was considered as significant as the phosphate industry – the country’s primary export.

    Nana-Benz have since been displaced – their numbers falling from 50 to about 20. Newer Togolese traders – known as Nanettes or “little Nanas” – have taken their place. While they have carved out a niche in mediating the textiles trade with China, they have lower economic and political stature. In turn, they too are increasingly threatened by Chinese competition, more recently within trading and distribution as well.

    China displaces the Dutch

    Dating back to the colonial period, African women traders have played essential roles in the wholesale and distribution of Dutch cloth in west African markets. As many countries in the region attained independence from the 1950s onwards, Grand Marché – or Assigamé – in Lomé became the hub for African print textile trade.

    While neighbouring countries such as Ghana limited imports as part of efforts to promote domestic industrialisation, Togolese traders secured favourable conditions. These included low taxes and use of the port.

    Togolese women traders knew the taste of predominantly female, west African customers better than their mostly male, Dutch designers. The Nana-Benz were brought into the African print textile production and design process, selecting patterns and giving names to designs they knew would sell.

    They acquired such wealth from this trade that they earned the Nana-Benz nickname from the cars they purchased and which they used to collect and move merchandise.

    Nana-Benz exclusivity of trading and retailing of African print textiles cloth in west African markets has been disrupted. As Vlisco has responded to falling revenues – over 30% in the first five years of the 21st century – due to its Chinese competition, Togolese traders’ role in the supply chain of Dutch cloth has been downgraded.

    In response to the flood of Chinese imports, the Dutch manufacturer re-positioned itself as a luxury fashion brand and placed greater focus on the marketing and distribution of the textiles.

    Vlisco has opened several boutique stores in west and central Africa, starting with Cotonou (2008), Lomé (2008) and Abidjan (2009). The surviving Nana-Benz – an estimated 20 of the original 50 – operate under contract as retailers rather than traders and must follow strict rules of sale and pricing.

    While newer Togolese traders known as Nanettes are involved in the sourcing of textiles from China, they have lower economic and political stature. Up to 60 are involved in the trade.

    Former street sellers of textiles and other petty commodities, Nanettes began travelling to China in the early to mid-2000s to source African print textiles. They are involved in commissioning and advising on the manufacturing of African print textiles in China and the distribution in Africa.

    While many Nanettes order the common Chinese brands, some own and market their own. These include what are now well-known designs in Lomé and west Africa such as “Femme de Caractère”, “Binta”, “Prestige”, “Rebecca Wax”, “GMG” and “Homeland”.

    Compared to their Nana-Benz predecessors, the Nanettes carve out their business from the smaller pie available from the sale of cheaper Chinese cloth. Though the volumes traded are large, the margins are smaller due to the much lower final retail price compared to Dutch cloth.

    After procuring African print textiles from China, Nanettes sell wholesale to independent local traders or “sellers” as well as traders from neighbouring countries. These sellers in turn break down the bulk they have purchased and sell it in smaller quantities to independent street vendors.

    All African print textiles from China arrive in west Africa as an incomplete product – as six-yard or 12-yard segments of cloth, not as finished garments. Local tailors and seamstresses then make clothes according to consumer taste. Some fashion designers have also opened shops where they sell prêt-à-porter (ready-to-wear) garments made from bolts of African print and tailored to local taste. Thus, even though the monopoly of the Nana-Benz has been eroded, value is still added and captured locally.

    Since the COVID-19 pandemic, Chinese actors have become more involved in trading activity – and not just manufacturing. The further evolution of Chinese presence risks an even greater marginalisation of locals, already excluded from manufacturing, from the trading and distribution end of the value chain. Maintaining their role – tailoring products to local culture and trends and linking the formal and informal economy – is vital not just for Togolese traders, but also the wider economy.

    – Togo’s ‘Nana-Benz’: how cheap Chinese imports of African fabrics has hurt the famous women traders
    – https://theconversation.com/togos-nana-benz-how-cheap-chinese-imports-of-african-fabrics-has-hurt-the-famous-women-traders-260924

    MIL OSI Africa –

  • MIL-OSI Africa: AI chatbots can boost public health in Africa – why language inclusion matters

    Source: The Conversation – Africa – By Songbo Hu, PhD Candidate, University of Cambridge

    Language technologies like generative artificial intelligence (AI) hold significant potential for public health. From outbreak detection systems that scan global news in real time, to chatbots providing mental health support and conversational diagnostic tools improving access to primary care, these innovations are helping address health challenges.

    At the heart of these developments is natural language processing, an interdisciplinary field within AI research. It enables computers to interpret, understand and generate human language, bridging the gap between humans and machines. Natural language processing can process and analyse enormous volumes of health data, far more than humans could ever handle manually. This is especially valuable in regions with a stretched healthcare workforce or limited public health surveillance infrastructure, because it enables faster, data-driven responses to public health needs.

    Recently, our interdisciplinary team, combining expertise from computer science, human geography and health sciences, conducted a review of studies on how language AI is being used for public health in African countries. Almost a decade’s worth of academic research was analysed, to understand how this powerful technology is being applied to pressing human needs.

    Out of 54 research publications, we found that evidence of real-world effects of the technology was still rare. Only 4% of these studies (two out of 54) showed measurable improvements in public health, such as boosting people’s mood or increasing vaccine intentions.

    Most projects stop at technology development and publication. Very few advance to real-world use or impact. Opportunities to improve health and well-being across the continent could be missed as a result.

    Current limitations

    In recent years, AI language technologies for public health have increased rapidly. This wave of technology development really took off as the COVID-19 pandemic renewed attention to public health. Health chatbots and sentiment analysis tools were developed in Africa and beyond.

    Research on language AI for public health in Africa. Supplied

    Health chatbots “talk” to people and provide reliable health information in a friendly, conversational way. Sentiment analysis tools scan social media posts to understand what people are feeling and talking about. Together they can identify misinformation or changes in public opinion and then provide accurate information.

    Of course, new technologies come with imperfections. We found that most technologies for public health in Africa exist in just a few languages whose dominance can be traced to colonial times, namely English and French.

    The consequences are clear: key health messages fail to reach many communities, leaving millions unable to access or act on essential information.

    We also found that few projects have gone beyond the laboratory development stage. Our study found only one system in operation that had a measurable public health effect.

    A successful model

    This standout example comes from a team at the Center for Global Development and the University of Chicago, in partnership with the Busara Center for Behavioral Economics. Their chatbot, deployed on Facebook Messenger, was designed for people in Kenya and Nigeria who were hesitant about COVID-19 vaccines. It was only available in English.

    More than 22,000 social media users used this app, sharing vaccine-related questions and concerns. The chatbot provided tailored, evidence-based responses to topics ranging from vaccine effectiveness and safety to misinformation. Its effect was notable. The intervention boosted users’ intention and willingness to get vaccinated by 4%-5%. The strongest effects were seen among those most hesitant to begin with.

    Behind this success was the researchers’ commitment to understanding the local context. Before launching the chatbot, in-depth discussions were held with focus groups and social media users in Kenya and Nigeria. The aim was to learn about the specific worries and cultural factors shaping attitudes toward vaccination.

    The chatbot was designed to address these concerns. This user-centred, locally adapted approach enabled the chatbot’s messages to address real barriers. As this example demonstrates, language technologies for public health are most effective when responding to the concerns and needs of the intended users.

    From lab to life

    These technologies take time and money to be put into practice. The COVID-19 pandemic jump-started development but public health language AI technologies are very new. It could be that a future survey would find a very different situation.

    At the same time, advances in large language models such as GPT-4 are rapidly lowering the technical barriers to developing language technologies. These models can often be adapted to new applications with far less data and effort than previous methods. Recent advances could enable small teams of researchers or even individual developers to build tools tailored to the specific needs of their own communities. The path from lab to real-world effects may become much shorter and easier.

    Investors, accelerators and state support could help make this transition from lab to life happen.

    Technology developers can also contribute by rooting their work in community-driven, multi-disciplinary and cross-sector collaboration. Social science and public health research knowledge and skills can inform the design and development of new technologies.

    To maximise the potential of language technologies for public health, the following needs to happen:

    • involving communities and health workers in natural language processing design

    • expanding provision in indigenous African languages

    • integrating language technologies into existing health systems.

    Future research and development must move beyond technical prototypes and laboratory tests to rigorous real-world evaluations that measure health outcomes.

    The other co-authors behind this research are: Abigail Oppong, Ebele Mogo, Charlotte Collins, and Giulia Occhini.

    – AI chatbots can boost public health in Africa – why language inclusion matters
    – https://theconversation.com/ai-chatbots-can-boost-public-health-in-africa-why-language-inclusion-matters-260861

    MIL OSI Africa –

  • MIL-OSI Analysis: AI chatbots can boost public health in Africa – why language inclusion matters

    Source: The Conversation – Africa (2) – By Songbo Hu, PhD Candidate, University of Cambridge

    Language technologies like generative artificial intelligence (AI) hold significant potential for public health. From outbreak detection systems that scan global news in real time, to chatbots providing mental health support and conversational diagnostic tools improving access to primary care, these innovations are helping address health challenges.

    At the heart of these developments is natural language processing, an interdisciplinary field within AI research. It enables computers to interpret, understand and generate human language, bridging the gap between humans and machines. Natural language processing can process and analyse enormous volumes of health data, far more than humans could ever handle manually. This is especially valuable in regions with a stretched healthcare workforce or limited public health surveillance infrastructure, because it enables faster, data-driven responses to public health needs.

    Recently, our interdisciplinary team, combining expertise from computer science, human geography and health sciences, conducted a review of studies on how language AI is being used for public health in African countries. Almost a decade’s worth of academic research was analysed, to understand how this powerful technology is being applied to pressing human needs.

    Out of 54 research publications, we found that evidence of real-world effects of the technology was still rare. Only 4% of these studies (two out of 54) showed measurable improvements in public health, such as boosting people’s mood or increasing vaccine intentions.

    Most projects stop at technology development and publication. Very few advance to real-world use or impact. Opportunities to improve health and well-being across the continent could be missed as a result.

    Current limitations

    In recent years, AI language technologies for public health have increased rapidly. This wave of technology development really took off as the COVID-19 pandemic renewed attention to public health. Health chatbots and sentiment analysis tools were developed in Africa and beyond.

    Health chatbots “talk” to people and provide reliable health information in a friendly, conversational way. Sentiment analysis tools scan social media posts to understand what people are feeling and talking about. Together they can identify misinformation or changes in public opinion and then provide accurate information.

    Of course, new technologies come with imperfections. We found that most technologies for public health in Africa exist in just a few languages whose dominance can be traced to colonial times, namely English and French.

    The consequences are clear: key health messages fail to reach many communities, leaving millions unable to access or act on essential information.

    We also found that few projects have gone beyond the laboratory development stage. Our study found only one system in operation that had a measurable public health effect.

    A successful model

    This standout example comes from a team at the Center for Global Development and the University of Chicago, in partnership with the Busara Center for Behavioral Economics. Their chatbot, deployed on Facebook Messenger, was designed for people in Kenya and Nigeria who were hesitant about COVID-19 vaccines. It was only available in English.

    More than 22,000 social media users used this app, sharing vaccine-related questions and concerns. The chatbot provided tailored, evidence-based responses to topics ranging from vaccine effectiveness and safety to misinformation. Its effect was notable. The intervention boosted users’ intention and willingness to get vaccinated by 4%-5%. The strongest effects were seen among those most hesitant to begin with.

    Behind this success was the researchers’ commitment to understanding the local context. Before launching the chatbot, in-depth discussions were held with focus groups and social media users in Kenya and Nigeria. The aim was to learn about the specific worries and cultural factors shaping attitudes toward vaccination.

    The chatbot was designed to address these concerns. This user-centred, locally adapted approach enabled the chatbot’s messages to address real barriers. As this example demonstrates, language technologies for public health are most effective when responding to the concerns and needs of the intended users.

    From lab to life

    These technologies take time and money to be put into practice. The COVID-19 pandemic jump-started development but public health language AI technologies are very new. It could be that a future survey would find a very different situation.

    At the same time, advances in large language models such as GPT-4 are rapidly lowering the technical barriers to developing language technologies. These models can often be adapted to new applications with far less data and effort than previous methods. Recent advances could enable small teams of researchers or even individual developers to build tools tailored to the specific needs of their own communities. The path from lab to real-world effects may become much shorter and easier.

    Investors, accelerators and state support could help make this transition from lab to life happen.

    Technology developers can also contribute by rooting their work in community-driven, multi-disciplinary and cross-sector collaboration. Social science and public health research knowledge and skills can inform the design and development of new technologies.

    To maximise the potential of language technologies for public health, the following needs to happen:

    • involving communities and health workers in natural language processing design

    • expanding provision in indigenous African languages

    • integrating language technologies into existing health systems.

    Future research and development must move beyond technical prototypes and laboratory tests to rigorous real-world evaluations that measure health outcomes.

    The other co-authors behind this research are: Abigail Oppong, Ebele Mogo, Charlotte Collins, and Giulia Occhini.

    Songbo Hu currently receives funding from the Cambridge Trust.

    Anna Barford currently receives funding from UKRI and the Mastercard Foundation. She has previously received funding from the the British Aacdemy, ESRC, Leverhulme Trust, CPEST, the University of Cambridge, Unilever (via a philanthropic donation to the University) and the Asian Development Bank. Anna is the Co-Director of the Business Fights Poverty Institute and a consultant to the International Labour Organization.

    Anna Korhonen receives funding from UKRI, and has previously received funding from MRC, EPSRC, NERC, Royal Society, ERC, and philantrophic donations to the University of Cambridge.

    – ref. AI chatbots can boost public health in Africa – why language inclusion matters – https://theconversation.com/ai-chatbots-can-boost-public-health-in-africa-why-language-inclusion-matters-260861

    MIL OSI Analysis –

  • MIL-OSI Analysis: Togo’s ‘Nana-Benz’: how cheap Chinese imports of African fabrics has hurt the famous women traders

    Source: The Conversation – Africa – By Fidele B. Ebia, Postdoctoral fellow, Duke Africa Initiative, Duke University

    The manufacturing of African print textiles has shifted to China in the 21st century. While they are widely consumed in African countries – and symbolic of the continent – the rise of “made in China” has undermined the African women traders who have long shaped the retail and distribution of this cloth.

    For many decades Vlisco, the Dutch textile group which traces its origins to 1846 and whose products had been supplied to west Africa by European trading houses since the late 19th century, dominated manufacture of the cloth. But in the last 25 years dozens of factories in China have begun to supply African print textiles to west African markets. Qingdao Phoenix Hitarget Ltd, Sanhe Linqing Textile Group and Waxhaux Ltd are among the best known.

    We conducted research to establish how the rise of Chinese-made cloth has affected the African print textiles trade. We focused on Togo. Though it’s a tiny country with a population of only 9.7 million, the capital city, Lomé, is the trading hub in west Africa for the textiles.

    We conducted over 100 interviews with traders, street sellers, port agents or brokers, government officials and representatives of manufacturing companies to learn about how their activities have changed.

    “Made in China” African print textiles are substantially cheaper and more accessible to a wider population than Vlisco fabric. Our market observations in Lomé’s famous Assigamé market found that Chinese African print textiles cost about 9,000 CFA (US$16) for six yards – one complete outfit. Wax Hollandais (50,000 CFA or US$87) cost over five times more.

    Data is hard to come by, but our estimates suggest that 90% of imports of these textiles to Lomé port in 2019 came from China.

    One Togolese trader summed up the attraction:

    Who could resist a cloth that looked similar, but that cost much less than real Vlisco?

    Our research shows how the rise of China manufactured cloth has undermined Vlisco’s once dominant market share as well as the monopoly on the trade of Dutch African print textiles that Togolese traders once enjoyed.

    The traders, known as Nana-Benz because of the expensive cars they drove, once enjoyed an economic and political significance disproportionate to their small numbers. Their political influence was such that they were key backers of Togo’s first president, Sylvanus Olympio – himself a former director of the United Africa Company, which distributed Dutch cloth.

    In turn, Olympio and long-term leader General Gnassingbé Eyadéma provided policy favours – such as low taxes – to support trading activity. In the 1970s, African print textile trade was considered as significant as the phosphate industry – the country’s primary export.

    Nana-Benz have since been displaced – their numbers falling from 50 to about 20. Newer Togolese traders – known as Nanettes or “little Nanas” – have taken their place. While they have carved out a niche in mediating the textiles trade with China, they have lower economic and political stature. In turn, they too are increasingly threatened by Chinese competition, more recently within trading and distribution as well.

    China displaces the Dutch

    Dating back to the colonial period, African women traders have played essential roles in the wholesale and distribution of Dutch cloth in west African markets. As many countries in the region attained independence from the 1950s onwards, Grand Marché – or Assigamé – in Lomé became the hub for African print textile trade.

    While neighbouring countries such as Ghana limited imports as part of efforts to promote domestic industrialisation, Togolese traders secured favourable conditions. These included low taxes and use of the port.

    Togolese women traders knew the taste of predominantly female, west African customers better than their mostly male, Dutch designers. The Nana-Benz were brought into the African print textile production and design process, selecting patterns and giving names to designs they knew would sell.

    They acquired such wealth from this trade that they earned the Nana-Benz nickname from the cars they purchased and which they used to collect and move merchandise.

    Nana-Benz exclusivity of trading and retailing of African print textiles cloth in west African markets has been disrupted. As Vlisco has responded to falling revenues – over 30% in the first five years of the 21st century – due to its Chinese competition, Togolese traders’ role in the supply chain of Dutch cloth has been downgraded.

    In response to the flood of Chinese imports, the Dutch manufacturer re-positioned itself as a luxury fashion brand and placed greater focus on the marketing and distribution of the textiles.

    Vlisco has opened several boutique stores in west and central Africa, starting with Cotonou (2008), Lomé (2008) and Abidjan (2009). The surviving Nana-Benz – an estimated 20 of the original 50 – operate under contract as retailers rather than traders and must follow strict rules of sale and pricing.

    While newer Togolese traders known as Nanettes are involved in the sourcing of textiles from China, they have lower economic and political stature. Up to 60 are involved in the trade.

    Former street sellers of textiles and other petty commodities, Nanettes began travelling to China in the early to mid-2000s to source African print textiles. They are involved in commissioning and advising on the manufacturing of African print textiles in China and the distribution in Africa.

    While many Nanettes order the common Chinese brands, some own and market their own. These include what are now well-known designs in Lomé and west Africa such as “Femme de Caractère”, “Binta”, “Prestige”, “Rebecca Wax”, “GMG” and “Homeland”.

    Compared to their Nana-Benz predecessors, the Nanettes carve out their business from the smaller pie available from the sale of cheaper Chinese cloth. Though the volumes traded are large, the margins are smaller due to the much lower final retail price compared to Dutch cloth.

    After procuring African print textiles from China, Nanettes sell wholesale to independent local traders or “sellers” as well as traders from neighbouring countries. These sellers in turn break down the bulk they have purchased and sell it in smaller quantities to independent street vendors.

    All African print textiles from China arrive in west Africa as an incomplete product – as six-yard or 12-yard segments of cloth, not as finished garments. Local tailors and seamstresses then make clothes according to consumer taste. Some fashion designers have also opened shops where they sell prêt-à-porter (ready-to-wear) garments made from bolts of African print and tailored to local taste. Thus, even though the monopoly of the Nana-Benz has been eroded, value is still added and captured locally.

    Since the COVID-19 pandemic, Chinese actors have become more involved in trading activity – and not just manufacturing. The further evolution of Chinese presence risks an even greater marginalisation of locals, already excluded from manufacturing, from the trading and distribution end of the value chain. Maintaining their role – tailoring products to local culture and trends and linking the formal and informal economy – is vital not just for Togolese traders, but also the wider economy.

    Rory Horner receives funding from the British Academy Mid-Career Fellowship. He is also a Research Associate at the Department of Geography, Environmental Management and Energy Studies at the University of Johannesburg.

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

    – ref. Togo’s ‘Nana-Benz’: how cheap Chinese imports of African fabrics has hurt the famous women traders – https://theconversation.com/togos-nana-benz-how-cheap-chinese-imports-of-african-fabrics-has-hurt-the-famous-women-traders-260924

    MIL OSI Analysis –

  • MIL-OSI USA: Importers Agree to Pay $6.8M to Resolve False Claims Act Liability Relating to Voluntary Self-Disclosure of Unpaid Customs Duties

    Source: US State of California

    Manchester, New Hampshire, based Global Plastics LLC (Global Plastics) and Melville, New York, based Marco Polo International LLC (Marco Polo), both subsidiaries of MGI International LLC, have agreed to pay $6.8 million to resolve their civil liability under the False Claims Act for knowingly failing to pay customs duties on certain plastic resin imported from the People’s Republic of China (PRC). In connection with the settlement, the United States acknowledged that MGI International and its subsidiaries took a number of significant steps entitling them to credit for cooperating with the government.

    To enter goods into the United States, an importer must declare, among other things, the country of origin of the goods, the value of the goods, whether the goods are subject to duties, and the amount of duties owed. U.S. Customs and Border Protection (CBP) collects applicable duties.

    In 2024, MGI and its subsidiaries disclosed to CBP and the U.S. Attorney’s Office for the District of New Hampshire that, beginning in May 2019, Global Plastics and Marco Polo failed to declare the correct country of origin and value on certain entries of plastic resin products manufactured in the PRC and, as a result, failed to pay the proper duties owed to CBP.   

    “The Department will pursue those who gain an unfair trade advantage in U.S. markets, including those who knowingly evade or underpay duties owed on foreign imports,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division. “As today’s settlement reflects, when importers fail to pay customs duties owed, they can mitigate the consequences by making timely self-disclosures, cooperating with investigations, and taking appropriate remedial measures.”

    “Companies doing business in the United States must play by the rules, including paying full custom duties owed for imports,” said Acting U.S. Attorney Jay McCormack for the District of New Hampshire. “This resolution demonstrates that when companies self-disclose misconduct, cooperate fully with the government’s investigation, and take meaningful corrective action, they can receive credit for those admissions. We will continue to hold accountable those who attempt to avoid paying what they owe to the federal government, while also recognizing responsible corporate behavior.”

    “When companies use unfair trade practices and fraudulent methodologies to avoid paying customs duties, it robs the American people of revenue and undermines our economy,” said acting Executive Assistant Commissioner Susan S. Thomas of the Office of Trade, U.S. Customs and Border Protection. “I am proud that CBP was able to work with the Department of Justice to help ensure a level playing field for law abiding businesses.”

    MGI cooperated with the United States’ investigation by, among other things: making a timely voluntary self-disclosure of the potential violations; performing a thorough and independent internal investigation;  preserving, collecting, and disclosing facts not known to the government but relevant to its investigation; conducting an analysis of potential damages that was shared with the government; and implementing appropriate remedial actions, including disciplining personnel and making improvements to compliance procedures. As a result, MGI, Global Plastics, and Marco Polo received credit under the Department’s guidelines for taking disclosure, cooperation, and remediation into account in False Claims Act settlements.

    This resolution obtained in this matter was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section and the U.S. Attorney’s Office for the District of New Hampshire, with assistance from the CBP’s Office of Chief Counsel.

    This matter was handled by Assistant United States Attorney Raphael Katz of the District of New Hampshire and Senior Trial Counsel Art J. Coulter of the Civil Division’s Commercial Litigation Branch, Fraud Section.

    The claims resolved by the settlement are allegations only, and there has been no determination of liability.

    MIL OSI USA News –

  • MIL-OSI Security: Importers Agree to Pay $6.8M to Resolve False Claims Act Liability Relating to Voluntary Self-Disclosure of Unpaid Customs Duties

    Source: United States Attorneys General

    Manchester, New Hampshire, based Global Plastics LLC (Global Plastics) and Melville, New York, based Marco Polo International LLC (Marco Polo), both subsidiaries of MGI International LLC, have agreed to pay $6.8 million to resolve their civil liability under the False Claims Act for knowingly failing to pay customs duties on certain plastic resin imported from the People’s Republic of China (PRC). In connection with the settlement, the United States acknowledged that MGI International and its subsidiaries took a number of significant steps entitling them to credit for cooperating with the government.

    To enter goods into the United States, an importer must declare, among other things, the country of origin of the goods, the value of the goods, whether the goods are subject to duties, and the amount of duties owed. U.S. Customs and Border Protection (CBP) collects applicable duties.

    In 2024, MGI and its subsidiaries disclosed to CBP and the U.S. Attorney’s Office for the District of New Hampshire that, beginning in May 2019, Global Plastics and Marco Polo failed to declare the correct country of origin and value on certain entries of plastic resin products manufactured in the PRC and, as a result, failed to pay the proper duties owed to CBP.   

    “The Department will pursue those who gain an unfair trade advantage in U.S. markets, including those who knowingly evade or underpay duties owed on foreign imports,” said Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division. “As today’s settlement reflects, when importers fail to pay customs duties owed, they can mitigate the consequences by making timely self-disclosures, cooperating with investigations, and taking appropriate remedial measures.”

    “Companies doing business in the United States must play by the rules, including paying full custom duties owed for imports,” said Acting U.S. Attorney Jay McCormack for the District of New Hampshire. “This resolution demonstrates that when companies self-disclose misconduct, cooperate fully with the government’s investigation, and take meaningful corrective action, they can receive credit for those admissions. We will continue to hold accountable those who attempt to avoid paying what they owe to the federal government, while also recognizing responsible corporate behavior.”

    “When companies use unfair trade practices and fraudulent methodologies to avoid paying customs duties, it robs the American people of revenue and undermines our economy,” said acting Executive Assistant Commissioner Susan S. Thomas of the Office of Trade, U.S. Customs and Border Protection. “I am proud that CBP was able to work with the Department of Justice to help ensure a level playing field for law abiding businesses.”

    MGI cooperated with the United States’ investigation by, among other things: making a timely voluntary self-disclosure of the potential violations; performing a thorough and independent internal investigation;  preserving, collecting, and disclosing facts not known to the government but relevant to its investigation; conducting an analysis of potential damages that was shared with the government; and implementing appropriate remedial actions, including disciplining personnel and making improvements to compliance procedures. As a result, MGI, Global Plastics, and Marco Polo received credit under the Department’s guidelines for taking disclosure, cooperation, and remediation into account in False Claims Act settlements.

    This resolution obtained in this matter was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section and the U.S. Attorney’s Office for the District of New Hampshire, with assistance from the CBP’s Office of Chief Counsel.

    This matter was handled by Assistant United States Attorney Raphael Katz of the District of New Hampshire and Senior Trial Counsel Art J. Coulter of the Civil Division’s Commercial Litigation Branch, Fraud Section.

    The claims resolved by the settlement are allegations only, and there has been no determination of liability.

    MIL Security OSI –

  • MIL-OSI: Get $50 Welcome Bonus, 100x Leverage & No KYC on BexBack – Crypto Futures Trading Simplified

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 23, 2025 (GLOBE NEWSWIRE) — As Bitcoin trades near $120,000 and the crypto market enters a new bull market, holding spot positions may struggle to deliver short-term profits. With the market showing strong upward momentum, investors looking to maximize their returns can turn to BexBack Exchange for a powerful solution. BexBack offers 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, providing traders the tools to seize profitable opportunities. Plus, with no KYC requirements, BexBack ensures a seamless and efficient trading experience.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

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    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users , you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a16aa38f-cdae-425e-996c-2648e82d5ef0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1ad5a331-aa57-4f0b-ab21-b87061191568

    https://www.globenewswire.com/NewsRoom/AttachmentNg/12f8df3a-75b9-480f-affd-fd9829799b27

    https://www.globenewswire.com/NewsRoom/AttachmentNg/84422ec5-b03f-4214-bcd7-94d2ec100652

    The MIL Network –

  • MIL-OSI: Get $50 Welcome Bonus, 100x Leverage & No KYC on BexBack – Crypto Futures Trading Simplified

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 23, 2025 (GLOBE NEWSWIRE) — As Bitcoin trades near $120,000 and the crypto market enters a new bull market, holding spot positions may struggle to deliver short-term profits. With the market showing strong upward momentum, investors looking to maximize their returns can turn to BexBack Exchange for a powerful solution. BexBack offers 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, providing traders the tools to seize profitable opportunities. Plus, with no KYC requirements, BexBack ensures a seamless and efficient trading experience.

    Advantages of 100x Leverage Crypto Futures

    1. Amplified Profits: Control large positions with a small amount of capital, capturing more profits from market fluctuations.
    2. Low Capital Requirement: Participate in high-value trades with minimal investment, lowering the entry barrier.
    3. Increased Market Opportunities: Profit quickly from price fluctuations, especially in volatile markets.
    4. High Capital Efficiency: Leverage enables better use of your capital, expanding your investment potential.
    5. Profit from Both Up and Down Markets: Adapt to any market conditions, with opportunities to profit whether the market goes up or down.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users , you can be a winner in the new bull run.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers, Get Double Deposit Bonus and $50 Welcome Bonus Instantly

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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    The MIL Network –

  • MIL-OSI: BTCC Exchange Honored with Triple Recognitions from FXEmpire in Comprehensive 2025 Industry Analysis

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available by clicking on this link.

    VILNIUS, Lithuania, July 23, 2025 (GLOBE NEWSWIRE) — BTCC, the world’s longest-serving cryptocurrency exchange, is proud to announce that it has received three distinguished awards from FXEmpire following their comprehensive evaluation of over 50 centralized crypto exchanges in 2025.

    BTCC has been honored with the “Lowest Fee Crypto Exchange,” “Best Fiat-to-Crypto Trading Platform,” and “Best Crypto Exchange in the USA” awards, cementing its position as an industry leader.

    The “Lowest Fee Crypto Exchange” and “Best Fiat-to-Crypto Trading Platform” recognitions underscore the platform’s commitment to providing users worldwide with low fiat deposit fees across major currencies, including USD, CAD, EUR, and many others. Backed by multi-region licences, BTCC supports high transaction limits that ensure smooth and compliant fiat onboarding for traders globally.

    The “Best Crypto Exchange in the USA” award recognizes BTCC’s FinCEN licence in the U.S. and its commitment to transparency, as demonstrated by monthly Proof of Reserves reports that consistently maintain reserve ratios above 100%.

    “We’re truly honored and excited to receive these awards from FXEmpire,” said Aaryn Ling, Head of Branding at BTCC. “These recognitions validate our commitment to providing traders with the most efficient, secure, and cost-effective cryptocurrency trading services, and reinforce our mission to uplift the industry’s standard for quality trading.”

    With 14 years of proven security and reliability since 2011, BTCC continues to strengthen its position in the global cryptocurrency market. As an industry pioneer, BTCC remains committed to delivering reliable and accessible trading services to users worldwide.

    Learn more about the rewards on BTCC’s website.

    About FXEmpire

    Established in 2011, FXEmpire is a globally recognized financial news platform. It offers up-to-date market news, detailed analysis, real-time quotes and charts, and expert reviews of brokers and crypto exchanges.

    About BTCC Exchange

    Founded in 2011, BTCC is a leading global cryptocurrency exchange with the vision to make crypto trading reliable and accessible to everyone. With a strong presence in over 100 countries and regions and a user base of over 9.1 million, BTCC continues to deliver innovation, security, and an unmatched user experience in the cryptocurrency world.

    Official website: https://www.btcc.com/en-US

    X: https://x.com/BTCCexchange

    Contact: press@btcc.com

    The MIL Network –

  • MIL-OSI United Kingdom: Drumgeith Community Campus Delivering Community Benefits 

    Source: Scotland – City of Dundee

    The new £100 million Drumgeith Community Campus is delivering significant community benefits by providing jobs, training and projects to improve the lives of local people. 

    Community benefits are additional requirements added to major contracts designed to help to boost local employment and skills development, support community initiatives and deliver economic benefits to support local business and supply chains. 

    Dundee City Council and Robertson Construction are working in partnership to deliver these benefits. To date, over £57 million has been retained within the local economy through using local subcontractors and suppliers, representing 76% of the total subcontract project spend. The project has created 40 employment opportunities, 11 new apprenticeship opportunities, and supported 38 existing apprenticeships through this building programme. 

    In addition, 40 work experience opportunities have been created, including 13 for school based young people and a further 27 placements through employability programmes run by Dundee and Angus College and other employability providers. 

    Over 70% of the work force on this site has come from the local area, defined as being within a 40-mile radius of the site. 

    Set to open in August 2025, the campus will serve as a modern and vibrant central hub for the north and east of the city for both pupils and the community to use. It will provide specialist pupil support provision, citywide music and performing arts, as well as community, library, leisure, and sports facilities for use by the wider community. 

    Fair work, Economic Growth and Infrastructure Convener Steven Rome said: “The economic and social benefits of our flagship £100 million community campus are being felt across the city. 

    “Over £57 million has been invested directly into the local economy. This investment has generated 40 employment opportunities, including 23 new start-up opportunities for previously unemployed or redundant individuals. 

    “We have partnered with Roberston Construction Tayside to deliver a comprehensive Community Benefits programme which has had wide ranging benefits. These include initiatives to inspire girls to consider a career in science, technology, engineering and maths (STEM) as well as providing training opportunities for women attending Tayside Council on Alcohol (TCA) to help them build their confidence and resilience. 

    “I would like to express my gratitude to council officers and Roberston for their efforts in maximising these community benefits.” 

    Robertson Group Chief Executive, Elliot Robertson commented: “We have been working closely with Dundee City Council for a number of years and continue to be a trusted delivery partner of choice. However, our working relationship goes beyond just delivering high-quality projects, it’s also about the lasting legacy that we leave in the local community. 

    “Drumgeith Community Campus is an outstanding facility which is set to benefit the wider community when it opens later this year, but the benefits of the project are already being felt. From creating jobs and apprenticeships to supporting young people into training and working with local suppliers, community wealth building is an intrinsic part of what we do, and we are committed to supporting the people and places where we operate.” 

    MIL OSI United Kingdom –

  • MIL-OSI: EnerPure Appoints Advisory Board Members to Support Strategic Growth and Commercialization Efforts

    Source: GlobeNewswire (MIL-OSI)

    Winnipeg, MB, July 23, 2025 (GLOBE NEWSWIRE) — EnerPure Inc. (“EnerPure” or the “Company”), a waste to energy company, is pleased to announce the appointment of Gary Farrar, Susan Rohac, and Mogens L. Mathiesen as Advisory Board Members. Each of these newly appointed Advisors brings significant industry experience and expertise in their respective areas and their thought leadership, strategic acumen, and experience will be invaluable to management as EnerPure moves through the commercialization and growth phase.

    “Gary, Susan, and Mogens as true experts in their respective fields provide tremendous depth and width to the knowledge base of our team, we are honoured to have them on the team” said Rick Koshman, President and CEO of EnerPure. “Each of them brings a unique and highly complementary skill set that aligns perfectly with our goal to deploy 21 recycling plants in 6 years. Gary with over 46 years experience in UMO recycling, Susan as one of Canada’s most prolific Cleantech investors, and Mogens with his shipping decarbonization focus provide us with priceless industry insights and know-how as we look to navigate the next few years.”

    About Gary Farrar
    Gary is a seasoned executive with over 45 years of leadership in the used motor oil (UMO) recycling and environmental services industry across North America. His expertise spans operations, business development, logistics, refinery supply, and sales. He has held senior roles including U.S. Vice President of Supply and Product Sales at Safety-Kleen, where he led the growth of recycled oil streams and oversaw the world’s largest UMO re-refinery. As General Manager of Safety-Kleen Canada, he managed nationwide operations and multiple business lines. At Heritage-Crystal Clean, he helped launch and scale a 75-million-gallon refinery in Indianapolis. Gary is known for building high-performing teams and driving operational and commercial success in complex industrial environments.

    About Susan Rohac – LinkedIn
    Susan recently retired from BDC (Business Development Bank of Canada) after 34 years of service. As Managing Partner of the Climate Tech venture capital fund, she led a pan-Canadian team of investment professionals and managed a portfolio of over $1 billion in assets including a $500 million fund that was launched in 2022 focusing on investing in Canada’s most promising cleantech companies. She has invested in a wide range of climate technologies such as CCUS, CDR, hydrogen, critical minerals, energy storage/battery, mobility, proptech, and advanced materials. Susan was recognized as a Climate Leader in 2024 by the Clean50 and was recipient of the Clean16 award. Susan holds honour degrees in both science and finance and has her executive MBA and ICD governance designation.

    About Mogens L. Mathiesen – LinkedIn
    Mogens has over 25 years of expertise in maritime technology and sustainability. Specializing in maritime decarbonisation, he has pioneered data-driven solutions to reduce shipping emissions. As Chief Industry and Strategy Officer at HUB Ocean, Mogens led initiatives to enable green shipping routes and foster industry collaboration. He co-founded Arundo Analytics, driving the development of analytics platforms for maritime applications, and volunteers in the Ocean Rescue Service in Norway. With an M.Sc. in Ocean Engineering and Marine Cybernetics from the NTNU and UC Berkeley, Mogens is committed to advancing sustainable practices through innovation and strategic leadership.

    About EnerPure – https://enerpure.tech
    “We recycle Used Motor Oil (UMO) to reduce GHG emissions while producing a lower carbon-intensive marine fuel.”

    Each year ~17 billion litres of UMO* are improperly burned or dumped, causing widespread environmental harm. EnerPure sees a tremendous opportunity to solve this problem through the deployment of its modular micro-scale recycling plants using its patented technology to convert UMO into high-quality marine fuel.

    EnerPure is entering its next phase of growth, with our first commercial plant planned for Alberta. Our recycling plants require ~5% of the capex of traditional solutions, enabling localized recycling (while reducing the cost of collection) and providing strong economic returns. 

    Our technology has been proven via our pilot plant (operating at 43% of scale) with 1.6 million litres processed and validated through the sale of over 1.2 million litres. Our drop-in ISO 8217-compliant marine fuel is in high demand in a growing market with its 14.6% lower carbon intensity.  Annually each recycling plant can reduce greenhouse gas (“GHG”) emissions and criteria air contaminants by 36,315 and 437 tonnes, respectively.

    EnerPure, while delivering strong economic returns, offers a proven, scalable platform where environmental need meets commercial opportunity, powering the energy transition through smart regional recycling.

    *UMO is defined as any petroleum-based or synthetic lubricating oil that cannot be used for its original purpose due to contamination.

    Disclosure and Caution
    This press release may contain certain disclosures that may constitute “forward-looking statements” within the meaning of Canadian securities legislation. In making the forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements are subject to numerous risks, uncertainties and other factors, including but not limited to economic, capital expenditures, and engineering projections, that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

    The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

     

    The MIL Network –

  • MIL-OSI Analysis: Counting the climate costs of abandoned shopping trolleys

    Source: The Conversation – UK – By Neill Raath, Assistant Professor of Sustainable Materials and Manufacturing, University of Warwick

    Richard Johnson/Shutterstock

    Despite the steady growth of online shopping, a majority of the UK public still prefers to buy groceries at the supermarket.

    Shopping trolleys can help us lug our purchases back to the car, but some shoppers are evidently taking them further afield. In 2017, 520,000 trolleys were reported as abandoned in the UK. Sunderland in north-east England alone reported 30,000 abandoned trolleys between 2020 and 2022. Likewise, 550 trolleys were collected in a single day in western Sydney, Australia.

    Supermarkets employ a range of methods to stop trolleys leaving their premises, including coin slots, vertical bars (to stop trolleys leaving the shop floor), wheel-locking mechanisms and car park wardens. Despite these efforts, abandoned trolleys still blight the landscape and need to be collected.

    Many supermarkets use commercial collection services, such as Wanzl TrolleyWise or TMS Collex. These companies typically use diesel vans to survey suburban areas, collect trolleys and return them to supermarkets. They also offer to refurbish weathered or damaged trolleys, sometimes by applying a zinc-based coating to protect against corrosion – a process known as regalvanisation.

    We are researchers at the University of Warwick who wanted to understand the environmental impact of trolley abandonment. So, we set out to investigate it.

    Collecting versus manufacturing

    How does the environmental impact of using vans to rescue abandoned trolleys compare with losing these trolleys to excessive damage or corrosion and having to make new ones?

    Our study used a standardised methodology known as life-cycle assessment to analyse the potential environmental impact of collecting and handling abandoned shopping trolleys within an area of Coventry, a city in the English West Midlands, which includes our university campus.

    We spoke to trolley suppliers, who told us trolleys used at the supermarket in Coventry were most likely made in Spain. This was incorporated into our model.

    A trolley discovered by the author, abandoned in a bush near a car park.
    Neill Raath

    Through conversations with our university’s estates department and commercial collection services, we established that approximately 30 trolleys were collected a week on average in the area surrounding the Tesco supermarket in the Cannon Park shopping centre.

    Our model assumed that a bulk transport of 50 trolleys is sent twice each year to be refurbished, in a round trip of 220km between Coventry and a refurbishment facility based in the UK that was noted on stickers placed on refurbished trolleys.

    Vans collecting 520,000 abandoned trolleys in a year could emit the equivalent of 343 tonnes of CO₂ (the annual equivalent of driving 80 petrol cars). If we imagine that 10% of these 520,000 trolleys have been left outside too long and need to be regalvanised then the total global warming impact increases by 90% to the equivalent of 652 tonnes CO₂ (roughly the same as 152 petrol cars being driven for one year).

    This is quite a surprising increase for such a small number of trolleys. It suggests that the real problem lies with the environmental impact of manufacturing.

    Most of the emissions can be avoided

    We found that one trolley would have to be collected 93 times by a diesel van to have the same environmental impact as manufacturing a new one.

    Our results showed that the emissions incurred during the diesel van collection phase were only 1% of the manufacturing impact, and the regalvanisation stage was only 8%. We might wonder whether switching to electrically powered collection vans might help. While the emissions would be reduced, the impact of using diesel vans is still minuscule compared to that of making new trolleys.

    We found that the highest environmental impact stemmed from manufacturing, which was mainly attributed to making and replacing the steel frame of the trolley.

    These results reinforce the benefits of following the circular-economy principle of keeping trolleys in use for as long as possible, and avoiding manufacturing to replace abandoned ones.

    Would anything change if we switched to plastic trolleys? Other researchers have investigated the effect of changing trolley materials and have found that trolleys made of polymers have many benefits compared with steel: they use less material, are less dense (a benefit for collection vans that emit less by driving around lighter products) and do not require protective coatings, which themselves have an environmental impact.

    Blast furnaces at conventional steelworks are very carbon-intensive.
    Pedal to the Stock/Shutterstock

    However, if these polymer trolleys were to be sent to landfill (or left to deteriorate in the environment), they could release carcinogenic chemicals, as well as microplastics, as they break down. This leads us back to the importance of keeping products in use.

    Abandoning trolleys is bad for the environment, with a potential global warming impact equivalent to 0.69 kg CO₂ for collecting one trolley and returning it to a supermarket. If we multiply this by the potential 520,000 abandoned trolleys a year, this figure becomes quite big.

    Preventing trolley abandonment should be a priority not just for supermarkets, but for the general public as well. However, once a trolley is abandoned, it is far better to collect and refurbish it than to let it fall out of use and manufacture a new one, as 92–99% of the environmental impact can be avoided.

    While it is unlikely that we can ever stop trolleys being abandoned, we hope that next time people see a trolley in an alley or park bush, the potential environmental impact of losing this trolley to service would be apparent.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Counting the climate costs of abandoned shopping trolleys – https://theconversation.com/counting-the-climate-costs-of-abandoned-shopping-trolleys-258500

    MIL OSI Analysis –