Category: Economy

  • MIL-OSI Security: Federal Court Upholds Bureau of Reclamation’s Conversion of Water Service Contracts in Central Valley of California

    Source: United States Attorneys General

    Last week, a judgment entered by the U.S. District Court for the Eastern District of California confirmed the ability of the Bureau of Reclamation to convert water service contracts to long term repayment contracts pursuant to the Water Infrastructure and Improvements for the Nation Act. The converted contracts eliminate the need for future renewals and associated costs and allow contractors to lower their overall costs by prepaying their share of project construction costs. The converted contracts also benefit the government by facilitating faster repayment of construction costs which can provide funding for future water storage projects.

    The Court agreed with Reclamation’s interpretation of the WIIN Act, that

    • the WIIN Act requires contract conversion upon request, and
    • WIIN Act § 4011(a)(4)(c) strips Reclamation of discretion to modify any “water service … contractual rights” other than those related to the financial terms specifically addressed by the WIIN Act.

    Because those provisions removed Reclamation’s discretion, Reclamation was not required to conduct an analysis under the National Environmental Policy Act, or consult under the Endangered Species Act, as part of the contract conversions.

    Acting Assistant Attorney General Adam Gustafson of the Justice Department’s Environment and Natural Resources Division (ENRD) made the announcement.

    Trial Attorneys David Gehlert and Jeff Candrian of ENRD’s Natural Resources Section handled the case. 

    MIL Security OSI

  • MIL-OSI: SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    Source: GlobeNewswire (MIL-OSI)

    SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    • Q1’26 revenue: €92m, down 16% year-on-year on an organic1basis, slightly better than the guidance
    • Q1’26 year-on-year revenue development reflects, as expected, ongoing RF-SOI inventory correction among customers, a weak automotive market, the anticipated phase-out of first-generation Imager-SOI, and the strong momentum in Photonics-SOI
    • Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis

    Bernin (Grenoble), France, July 22nd, 2025 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced unaudited consolidated revenue of 92 million Euros for the first quarter of FY’26 (ended on June 29th, 2025), down 24% on a reported basis compared with 121 million Euros achieved in the first quarter of FY’25. This reflects a 16% decline on an organic basis, a negative currency impact of 5% and a negative scope effect2 of 3% related to the divestment of Dolphin Design’s businesses.

    Pierre Barnabé, Soitec’s CEO, commented: “Q1’26 revenue was slightly better than the guidance, down 16% year-on-year on an organic basis. This includes the phase-out of Imager-SOI. Artificial Intelligence continues to support strong growth in Edge & Cloud AI division, with traction both at the edge and in the cloud accelerating adoption of FD-SOI for Edge AI and Photonics-SOI for data centers. Conversely, the correction of RF-SOI inventories among our direct customers, and the ongoing weakness in the Automotive market continued to impact our revenue.

    Looking ahead, we expect Q2’26 revenue to grow around 50% versus Q1’26, on an organic basis. This reflects ongoing RF-SOI inventory correction in Mobile Communications, continued weakness in Automotive & Industrial, and strong growth in Edge & Cloud AI.

    In an uncertain and volatile environment, we remain focused on the factors within our control to prepare Soitec for the future. We are broadening our end-market exposure and customer base to diversify the company’s foundations. In parallel, we are accelerating the expansion of our product portfolio – across both SOI and compound semiconductors – to serve a wider range of applications. At the same time, we are building robust ecosystems that support the adoption of our products, with the ambition of establishing them as new industry standards.”

    First quarter FY’26 consolidated revenue

      Q1’26 Q1’25 Q1’26/Q1’25
             
             
    (Euros million)     change reported chg. at const. exch. rates & perimeter
             
    Mobile Communications 43 48 -12% -7%
    Automotive & Industrial 5 26 -82% -81%
    Edge & Cloud AI 44 46 -4% +13%
             
    Revenue 92 121 -24% -16%

    Mobile Communications

    Mobile Communications revenue reached 43 million Euros in Q1’26, down 7% year-on-year on an organic basis.

    After a strong seasonal tailwind in Q4’25, further correction was expected in RF-SOI customer inventories. As a result, sales of RF-SOI wafers decreased to a low level in Q1’26, below Q1’25. This mostly reflects a significant year-on-year decrease in 200-mm RF-SOI volumes sold. Sales of 300-mm RF-SOI wafers were higher than in Q1’25, driven by higher volumes, despite a slightly negative price / mix effect.

    Sales of POI (Piezoelectric-on-Insulator) wafers dedicated to RF filters were stable year-on-year, reflecting ongoing growth with key US customers and a temporary slowdown in Asia. POI is becoming the reference substrate for advanced Surface Acoustic Wave (SAW) filters, increasingly adopted by leading fabless globally.

    Sales of FD-SOI wafers, the only solution for fully integrated 5G mmWave system-on-chip, were significantly higher than in Q1’25. FD-SOI adoption is progressing with first design wins for Wi-Fi 7 SoCs, for premium Android smartphones.

    Automotive & Industrial

    In a persistently complicated automotive market, Automotive & Industrial revenue reached 5 million Euros in Q1’26, down 81% year-on-year on an organic basis.

    As expected, the Power-SOI inventory replenishment that took place at customer level in Q4’25, came at the expense of volumes in Q1’26, and will continue to impact Q2’26. Meanwhile, Soitec is accelerating the transition from 200-mm to 300-mm Power-SOI to address growing demand for Battery Management Systems.

    Automotive FD-SOI wafer sales were negligible in Q1’26, although the build-up of a solid ecosystem is supporting the strengthening of its adoption for analog/digital systems such as radars, microcontrollers and wireless connectivity.

    Regarding SmartSiCTM, the slower growth of the electric vehicle market combined with the longer qualification cycles confirms the delay in the production ramp-up, as already communicated.

    Edge & Cloud AI

    Edge & Cloud AI revenue reached 44 million Euros in Q1’26, up 13% on an organic basis compared to Q1’25 despite the discontinuation of the first generation of Imager-SOI wafers for 3D imaging applications, which recorded 25 million Dollars in revenue in Q1’25. On a reported basis, Edge & Cloud AI revenue went down 4% due to the scope effect of the divestment of Dolphin Design’s businesses combined with a negative currency impact.

    Soitec delivered another strong performance in Photonics-SOI in Q1’26, with sales significantly above Q1’25 levels. As AI computing power expands, driving demand for faster and more efficient data centers, Photonics-SOI stands out as the optimal solution for high-speed, high-bandwidth optical links, whether for pluggable transceivers or Co-Packaged Optics (CPOs). Soitec is capitalizing on strong Cloud infrastructure investments from Big Tech and AI players and is accelerating its Photonics-SOI roadmap with AI leaders.

    FD-SOI sales were also above Q1’25 levels. Thanks to its benefits in power efficiency, performance, thermal management, and reliability, FD-SOI is a key enabler of AI-driven IoT applications across consumer, healthcare, and industrial markets.

    Q2’26 outlook

    Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis. The impact from the phasing out of Imager-SOI will be less pronounced than in Q1’26, as Imager-SOI revenue amounted to approximately 7 million Dollars in Q2’25.

    Excluding Imager-SOI, Edge & Cloud AI is expected to maintain solid momentum and should be slightly up vs. Q1’26. Mobile Communications revenue will remain low, despite nearly doubling from Q1’26, as customers continue to work through excess RF-SOI inventory. As in Q1’26, Automotive & Industrial revenue in Q2’26 is expected to decline sharply versus Q2’25.

    Projected FY’26 Capex cash-out is confirmed around 150 million Euros, down from 230 million Euros in FY’25.

    Key events of Q1’26

    Soitec has successfully issued a new 200 million Euros Schuldschein loan

    This is a 200 million Euros Schuldschein loan offering a floating rate coupon with an average maturity of 4.1 years, which was subscribed by high quality European investors.
    The offering is structured in tranches of 3, 4, 5 & 7 years, with 72% of the transaction on the 4-year and 5-year tenors. The 100 million Euros initially planned were significantly oversubscribed, reflecting investor interest and confidence in Soitec’s financial profile and strategy, despite a volatile environment.
    The proceeds of the new Schuldschein loan will be used to partially refinance the 325 million Euros convertible bonds maturing in October 2025 and for general corporate purposes. Through this transaction, Soitec is actively managing its debt profile and extending its debt maturity.

    Soitec and PSMC collaborate on ultra-thin TLT technology for nm-scale 3D stacking

    On June 3rd, 2025, Soitec announced a strategic collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC). Under the collaboration, Soitec will supply PSMC 300mm substrates incorporating a release layer, Transistor Layer Transfer (TLT) ready, to support a new demonstration of advanced 3D chip stacking at the wafer level. This marks the first public announcement of Soitec’s TLT technology. The technology is an enabler for next-generation semiconductor designs that allow for more powerful, compact and energy-efficient chips – with potential applications ranging from smartphones, tablets and AI devices to autonomous driving systems.

    CEA-Leti and Soitec announce strategic partnership to leverage FD-SOI for enhanced security of integrated circuits

    On June 18th, 2025, CEA-Leti and Soitec announced a strategic partnership to enhance the cybersecurity of integrated circuits (ICs) through the innovative use of fully depleted silicon-on-insulator (FD-SOI) technologies. This collaboration aims to position FD-SOI as a foundational platform for secure electronics by leveraging and extending its inherent resistance to physical attacks. At the heart of the initiative is a joint effort to experimentally validate and augment the security benefits of FD-SOI—from the substrate level up to circuit design. The project aims to deliver concrete data, practical demonstrations, and roadmap guidance to meet the surging cybersecurity demands in critical markets such as automotive, industrial IoT, and secure infrastructure

    # # #

    Analysts conference call to be held in English on Wednesday 23rdJuly at 8:00 am CET.

    To listen to this conference call, the audiocast is available live and in replay at the following address: https://channel.royalcast.com/soitec/#!/soitec/20250723_1

    # # #

    Agenda

    Q2’26 revenue and H1’26 results are due to be published on November 19th, 2025, after market close.

    # # #

    Disclaimer

    This document is provided by Soitec (the “Company”) for information purposes only.

    The Company’s business operations and financial position are described in the Company’s Universal Registration Document (which notably includes the Annual Financial Report) which was filed on June 11th, 2025, with the French stock market authority (Autorité des Marchés Financiers, or AMF) under number D.25-0439. The French version of the 2024-2025 Universal Registration Document, together with English courtesy translation for information purposes of this document, are available for consultation on the Company’s website (www.soitec.com), in the section Company – Investors – Financial Reports.

    Your attention is drawn to the risk factors described in Chapter 2.1 (Risk factors and controls mechanism) of the Company’s Universal Registration Document.

    This document contains summary information and should be read in conjunction with the Universal Registration Document.

    This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, developments and strategy and are based on analyses of earnings forecasts and estimates of amounts not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance. The occurrence of any of the risks described in Chapter 2.1 (Risk factors and controls mechanism) of the Universal Registration Document may have an impact on these forward-looking statements.

    The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results, cash-flows and the developments in the sector in which the Company operates were to conform to the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or developments.

    The Company does not undertake any obligation to update or make any correction to any forward-looking statement in order to reflect an event or circumstance that may occur after the date of this document.

    This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for, or sell the Company’s securities in any country whatsoever. This document, or any part thereof, shall not form the basis of, or be relied upon in connection with, any contract, commitment or investment decision.

    Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or to sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from the registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.

    # # #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of more than 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Nearly 4,300 patents have been registered by Soitec.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: visit our website and follow us on LinkedIn and X

    # # #

    Media Relations: media@soitec.com

    Investor Relations: investors@soitec.com

    # # #

    Consolidated revenue per quarter

    Quarterly revenue Q1’25 Q2’25 Q3’25 Q4’25 Q1’26  
    (Euros millions)            
    Mobile Communications 48   124   154   220 43    
    Automotive & Industrial 26 33 25 45 5  
    Edge & Cloud AI 46 61 47 63 44  
                 
    Revenue 121   217   226   327 92    
    Change in quarterly revenue Q1’26/Q1’25
    (vs. previous year) Reported
    change
    Organic change1
         
    Mobile Communications -12% -7%
    Automotive & Industrial -82% -81%
    Edge & Cloud AI -4% +13%
         
    Revenue -24% -16%

    1         At constant exchange rates and comparable scope of consolidation:

    • in Q1’26 there is a negative scope effect related to the divestment of Dolphin Design’s mixed signal IP activities (completed on October 31st, 2024) and the divestment of Dolphin Design’s ASIC activities (completed on December 30th, 2024).

    1 At constant exchange rates and perimeter

    2 The scope effect is related to the divestment of Dolphin Design’s mixed-signal IP activities (completed on October 31st, 2024) and that of Dolphin Design’s ASIC activities (completed on December 30th, 2024)

    Attachment

    The MIL Network

  • MIL-OSI: Talkdesk introduces new multi-storefront capability for retailers

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Talkdesk®, Inc. today announced Talkdesk Multi-Store Commerce Integration, a new capability that enables multi-brand retailers to manage customer service across multiple Shopify and other commerce storefronts within a single Talkdesk account, streamlining operations and enhancing the customer experience (CX). The agnostic multi-shop connector integrates with any commerce engine, including BigCommerce, Salesforce Commerce Cloud, and Adobe Commerce Cloud.

    In today’s complex retail landscape, global brands often have different storefronts for each regional website, which can result in fragmented customer service. Talkdesk’s new multi-store integration addresses this by providing a unified platform for managing customer interactions across a brand or store portfolio.

    “Retailers need agile solutions that can keep pace with their growth and diverse brand strategies,” said Tiago Paiva, chief executive officer and founder of Talkdesk. “Our new multi-store integration empowers them to deliver consistent, efficient support across every customer touchpoint, regardless of which brand they’re engaging with. This not only improves customer satisfaction but also significantly reduces operational complexities for our retail partners.”

    Available as part of Talkdesk Retail Experience Cloud, the Multi-Store Commerce Integration offers several benefits for retailers:

    • Streamlined Agent Workflows: Agents can now efficiently support customers across multiple brands, all within a single Talkdesk interface. This eliminates the need for agents to switch between different systems, improving productivity and reducing resolution times.
    • Enhanced Customer Experience: By providing agents with a holistic view of customer interactions across brands, the integration ensures customers receive consistent and personalized support, even if they shop with multiple brands within a retailer’s portfolio. This removes friction and builds loyalty.
    • Accelerated Deployment and Scalability: The agnostic connector simplifies integration with all commerce engines, reducing deployment complexity and accelerating time-to-value. Retailers can “deploy once, deliver to many,” easily extending virtual agents, voice, chat, and SMS capabilities across numerous brand experiences. For example, a retailer can deploy a single artificial intelligence (AI) agent across the entire brand portfolio, rather than having to deploy multiple agents across several brands.
    • Improved Onboarding: The ability to identify and serve customers across brands with clarity and speed not only enhances customer service quality but also accelerates the onboarding process for new retail partners and brands.

    This new capability is a game-changer for retailers looking to optimize their customer service operations, scale efficiently, and deliver a superior customer experience across their entire brand ecosystem.

    About Talkdesk

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

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

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

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

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

    Media Contact:

    Talkdesk Public Relations

    pr@talkdesk.com

    The MIL Network

  • MIL-OSI USA: House Passes Pettersen’s Provision to Restore Silver Cliff ZIP Code

    Source: United States House of Representatives – Representative Brittany Pettersen (Colorado 7th District)

    The U.S. House of Representatives passed H.R.3095, bipartisan legislation that included a provision introduced by Representative Brittany Pettersen (CO-07) to restore the Town of Silver Cliff’s ZIP Code. 

    In 1991, the town lost its unique ZIP Code and was forced to use the ZIP Code of the neighboring town of Westcliffe, which has resulted in delays and extensive errors with postal delivery, as well as a loss of hundreds of thousands of dollars in sales tax revenue. The bill would reinstate the original ZIP Code to the Town of Silver Cliff, decoupling them from Westcliffe and alleviating these issues.

    “Coloradans depend on a reliable postal service for everything from prescription drugs and billing notices to food, clothing, and other basic necessities,” said Pettersen. “Unfortunately, ever since the Town of Silver Cliff lost its unique ZIP Code, they’ve had subpar postal service that has led to the loss of thousands of dollars in sales tax revenue and countless delayed and lost deliveries. It’s unacceptable, and I’ve been fighting in Congress to restore their ZIP Code and alleviate these challenges. I’m grateful to see this provision pass with bipartisan support and will keep working to get it across the finish line.”

    “We’re excited and hopeful for the passage of H.R. 3095. After five unsuccessful boundary reviews in a 30-year period, this is the closest we’ve ever gotten to regaining the use of our ZIP Code – 81249,” said Mayor H.A. Buck Wenzel. “Since our ZIP Code was arbitrarily and capriciously removed by the USPS, and our town was forced to use the ZIP Code of the neighboring Town of Westcliffe, the Town of Silver Cliff not only lost our identity, but has been financially disparaged losing hundreds of thousands of dollars from on-line, out-of-county and out-of-state sales, and to date, our residents are still experiencing service delivery issues due to both towns having like and similar street names.” 

    As a founding member of the bipartisan Delivering Postal Solutions Caucus, Pettersen has been committed to solving postal issues across her district. Since coming to Congress, Pettersen has urged USPS to take action to restore the Silver Cliff ZIP Code, as well as to address subpar service and delays in communities throughout Colorado. 

    ###

    To access downloadable, high-quality photos, click hereTo stay up-to-date on what Pettersen is doing in Congress, follow her on Twitter here, Facebook here, or Instagram here. Residents can also sign-up for her e-newsletter subscription here.

    MIL OSI USA News

  • MIL-OSI USA: Congressman Langworthy Announces $800,085 Grant for Fitzpatrick and Weller, Inc. to Support Forest Management and Rural Jobs

    Source: US Congressman Nick Langworthy (NY-23)

    WASHINGTON, D.C. – Today, Congressman Nick Langworthy (NY-23) announced Fitzpatrick and Weller, Inc. was awarded $800,085 by the United States Forest Service. Specifically, the funding will be used to install advanced wood energy emissions control systems at two of the company’s manufacturing facilities, helping the company meet state environmental compliance requirements, and ensure our lumber industry can continue to thrive in Upstate New York.

     

    “The hardwood and lumber industry are a backbone of our local economy, and I’m proud to have helped secure this federal grant for Fitzpatrick & Weller, Inc. to support rural job retention and advance sustainable forest management right here in Western New York,”said Congressman Nick Langworthy.“’Made in America’ means something in the Southern Tier, and I will always stand with our manufacturers to strengthen our domestic supply chain. While New York’s manufacturing sector continues to battle burdensome regulations, I’m committed to fighting for businesses like this one in Cattaraugus County to ensure American lumber production remains resilient and competitive.”

     

    “Congressman Langworthy was a huge advocate for us on this project, and we are very grateful for his commitment to protecting jobs in the hardwood industry here in the Southern Tier,” said Greg Fitzpatrick, President of Fitzpatrick & Weller, Inc.This grant is essential to our business and will allow us to invest in the necessary equipment to stay up to standard while continuing to operate, grow, and offer a truly American product from the forests of Cattaraugus County. Made in America means investing in America, and we are grateful to have the Congressman’s support.”

     

    This investment not only helps preserve local jobs but also supports responsible use of forest resources in the Southern Tier and across Western New York.

     

    ###

     

    MIL OSI USA News

  • MIL-OSI United Kingdom: Review Body on Doctors’ and Dentists’ Remuneration remit letter: 2026 to 2027

    Source: United Kingdom – Executive Government & Departments 2

    Correspondence

    Review Body on Doctors’ and Dentists’ Remuneration remit letter: 2026 to 2027

    Letter about the pay round for the financial year 2026 to 2027 from the Secretary of State for Health and Social Care to the Review Body on Doctors’ and Dentists’ Remuneration (DDRB).

    Documents

    Details

    This letter to the Chair of the Review Body on Doctors’ and Dentists’ Remuneration (DDRB) sets out the remit from the Department of Health and Social Care to DDRB. It concerns the pay round for the financial year 2026 to 2027.

    Updates to this page

    Published 22 July 2025

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    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Senior Salaries Review Body remit letter: 2026 to 2027

    Source: United Kingdom – Executive Government & Departments 2

    Correspondence

    Senior Salaries Review Body remit letter: 2026 to 2027

    Letter about the pay round for the financial year 2026 to 2027 from the Secretary of State for Health and Social Care to the Senior Salaries Review Body.

    Documents

    Details

    This letter to the Senior Salaries Review Body (SSRB) sets out the remit from the Department of Health and Social Care (DHSC) to the SSRB.

    It concerns the pay round for the financial year 2025 to 2026.

    Updates to this page

    Published 22 July 2025

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    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: NHS Pay Review Body remit letter: 2026 to 2027

    Source: United Kingdom – Executive Government & Departments 2

    Correspondence

    NHS Pay Review Body remit letter: 2026 to 2027

    Letter about the pay round for the financial year 2026 to 2027 from the Secretary of State for Health and Social Care to the NHS Pay Review Body (NHSPRB).

    Documents

    Details

    This letter to the Interim Chair of the NHS Pay Review Body (NHSPRB) sets out the remit from the Department of Health and Social Care to the NHSPRB.

    It concerns the pay round for the financial year 2026 to 2027.

    Updates to this page

    Published 22 July 2025

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    MIL OSI United Kingdom

  • MIL-OSI: Guaranteed Approval Loans for Bad Credit with No Credit Check from 1F Cash Advance in 2025

    Source: GlobeNewswire (MIL-OSI)

    BOULDER, Colo., July 22, 2025 (GLOBE NEWSWIRE) — In a significant move to support borrowers with poor or no credit history, 1F Cash Advance has rolled out a new line of guaranteed approval payday loans for Americans facing financial hardships in 2025. With loan amounts ranging from $100 to $1,000, these flexible online loan solutions are designed to offer speed, security, and accessibility, even for people with poor credit or no credit score.

    A Fast, Flexible Lifeline for Bad Credit Borrowers

    Traditional lenders often reject applicants with low credit scores, but 1F Cash Advance offers an alternative by providing access to no credit check loans with guaranteed approval. Borrowers can apply online in minutes, receive an instant decision, and get funds deposited into their bank accounts as soon as the same day.

    “Millions of Americans are just one emergency away from a financial crisis. We built our platform to offer fast, stress-free access to cash, no matter your credit score,” said Adrienne Bailey, Public Relations Specialist for 1F Cash Advance.

    What’s a Payday Loan?

    Payday loans are a short-term way to get up to $1,000 in difficult financial circumstances quickly. Whether it’s an unexpected bill, a car repair, or another emergency expense, these loans are designed to help you cover urgent needs. They’re typically meant to be repaid in full, along with fees and interest, by your next payday, usually within 14 to 31 days.

    Payday loans are especially helpful for people who may not qualify for traditional bank loans due to factors such as a low credit score, inconsistent income, or unemployment. The application process is typically quick and easy, often requiring only proof of income, an active bank account, and a few other basic documents.

    APPLY FOR NO CREDIT CHECK PAYDAY LOANS

    How Do Payday Loans Work?

    Payday loans are straightforward to get. You fill out an application, and if you meet the requirements, the money is deposited directly into your bank account, often the same day.

    Unlike traditional loans, which often involve a mountain of paperwork and require waiting for days, payday loans are much more streamlined. The entire process is typically handled online, from application to approval and receiving the funds. Automated systems speed things up by checking your eligibility in real time, so you don’t have to wait in line or deal with unnecessary steps.

    Once you’re approved, you’ll receive the details of the loan agreement, including repayment terms and fees. You can review everything and decide whether to accept the offer—no pressure.

    Who Can Apply?

    Just like with any loan, there are a few basic requirements you’ll need to meet before you can get approved for a payday loan. Most people qualify without much difficulty. Here’s what lenders typically look for:

    • You need to be a U.S. citizen or permanent resident
    • You must be at least 18 years old
    • You should have a reliable source of income
    • A bank account to deposit the funds into
    • And a phone number or email so the lender can contact you

    Because these requirements are so straightforward, payday loans tend to have a high approval rate. Most people, even with bad credit, find that they meet all the criteria without needing to jump through hoops, making it a quick and accessible option when money is tight.

    Why Borrowers with Bad Credit Face Challenges While Getting Loans

    Borrowers with poor credit often encounter difficulties when seeking loans due to several important factors:

    Increased Lending Risk

    Credit scores serve as a tool for lenders to assess the likelihood that a borrower will repay a loan. A low credit score indicates past financial struggles, such as missed payments or high debt, making lenders hesitant to lend money.

    Costlier Loan Terms

    Because these borrowers are considered riskier, lenders typically offset this by charging higher interest rates and additional fees. This increases the overall cost of borrowing and can make loans less affordable.

    Fewer Lending Opportunities

    Traditional financial institutions usually set minimum credit standards. Borrowers with bad credit may find themselves rejected or limited to only a small selection of loan products.

    Tougher Conditions

    Loans approved for those with poor credit often come with stricter conditions, such as shorter repayment terms, higher fees, or the need for collateral, which can be difficult to provide.

    Discouragement and Hesitation

    Experiencing loan denials or steep borrowing conditions can reduce a borrower’s confidence, causing some to avoid applying for loans altogether.

    Risk of Predatory Lending

    In their search for financing, some borrowers with bad credit may turn to high-risk lenders offering loans with exorbitant interest rates and unfair terms, potentially trapping them in a cycle of debt.

    CHECK OUT NO CREDIT CHECK PAYDAY LOAN OPTIONS

    What Makes 1F Cash Advance Stand Out?

    In 2025, more people are looking for fast, no-hassle loan options, especially those who don’t qualify with traditional banks. That’s where 1F Cash Advance comes in. Here’s what sets it apart:

    • Guaranteed approval for most applicants, regardless of credit score
    • No hard credit checks during the application process
    • Loan amounts from $100 to $1,000
    • 1-hour payday loans available
    • Same-day or next-business-day funding
    • Simple and secure online form that takes 5 minutes to complete

    This service is ideal for anyone facing unexpected expenses, such as car repairs, medical bills, or rent, and doesn’t want to deal with paperwork, rejections, or long waits.

    Smarter Ways to Handle Financial Emergencies

    Here are some smarter, more manageable ways to handle those money problems:

    1. Figure Out What You’re Dealing With

    Before you jump into problem-solving mode, take a moment to consider details. Ask yourself:

    • How much money do I need?
    • Is this urgent, or do I have a little time?
    • Can I split this cost up or delay part of it?

    Getting clear on what’s going on can help you avoid rash decisions and unnecessary stress.

    2. Use Your Emergency Savings (If You’ve Got It)

    If you’ve managed to stash away even a little emergency fund, now’s the time to dip into it. That money is there for a reason, to help you stay out of deeper debt when life throws you a financial punch.

    3. Consider a Short-Term Loan from a Trusted Source

    If savings won’t cover it, borrowing might make sense, but not from just anywhere. That’s where 1F Cash Advance can help:

    • No credit check is required to explore available options.
    • Applications are reviewed quickly, often in minutes.
    • Funds can be available as soon as the same day or by the next business day.
    • Rates, terms, and fees are clearly presented upfront—no hidden surprises.


    4. Reach Out Before Things Spiral

    If the emergency involves rent, bills, or services, contact the relevant parties. Contact your landlord to see if you can split the rent. Ask your utility company about payment options. Check out local organizations that help with food, transportation, or temporary expenses. You might be surprised at how many options are available, especially if you ask early.

    5. Be Careful with Payday Loans

    The trick is knowing which ones are fair and which ones are traps. Avoid lenders who charge crazy interest rates or try to keep you stuck in a cycle of borrowing. Take time to read reviews and compare offers side by side — these extra steps can protect you from shady deals.

    6. Plan for Next Time

    Once the emergency is handled, take a moment to regroup. Setting aside $5 or $10 a week helps build a small buffer for the next unexpected expense. It doesn’t have to be big, just consistent.

    How Are Payday Loans Different from Traditional Loans?

    Payday loans and conventional (or traditional) loans both offer ways to borrow money, but they’re designed for very different situations and come with some key differences. Here’s how they stack up:

    1. Loan Amounts. Payday loans are meant for smaller, short-term needs, typically ranging from $100 to $1,000. Conventional loans can be significantly larger, sometimes reaching tens or even hundreds of thousands of dollars, depending on their intended use (such as buying a home or car).
    2. Repayment Terms. With a payday loan, you’re expected to repay the full amount, plus interest and fees, by your next paycheck—usually within a couple of weeks. Traditional loans give you much more time to repay. Payments are spread out over several months or even years, depending on the type of loan.
    3. Interest and Fees. Payday loans typically carry higher interest rates and fees. Since they’re short-term and don’t rely heavily on credit history, lenders take on more risk and charge accordingly. Conventional loans generally offer lower interest rates, especially if you have good credit.
    4. Credit Requirements. Most payday lenders either skip credit checks or perform a soft pull, meaning your credit score won’t be affected. Traditional lenders, like banks or credit unions, typically require a full credit check, and your approval depends heavily on your credit score, credit history, and sometimes even collateral.
    5. Approval Speed. Payday loans are focused on speed. Many are approved and funded within hours. Conventional loans often take several days or even weeks due to paperwork, underwriting, and approval processes.
    6. Eligibility Criteria. Payday loans are designed for people who may not have a perfect credit history or any credit history at all. They’re more accessible if you’re working with limited financial options. Traditional loans are more likely to be extended to borrowers with strong credit profiles, stable income, and a solid financial history.


    What They’re Used For

    People usually turn to payday loans when they need quick cash for:

    • Medical bills or prescription expenses
    • Emergency car or home repairs
    • Utility bills to avoid service shut-offs
    • Rent payments to avoid eviction
    • Unexpected travel expenses
    • Everyday necessities when short on funds
    • Covering gaps between paychecks

    Payday loans can be an option not only for those with jobs but also for students, retirees, single parents, or even unemployed individuals. The key requirement is having proof of a stable income source—this could be wages, benefits, pensions, or regular assistance payments.

    Conventional loans, on the other hand, are typically used for bigger financial needs, such as:

    • Buying a home
    • Financing a vehicle
    • Covering education expenses
    • Consolidating debts
    • Starting or expanding a business

    To wrap up, payday loans are fast, simple, and accessible, but they’re also more expensive. Conventional loans take longer to process and require stronger credit profiles, but usually come with better terms. The right choice depends on your FICO score, how urgently you need the money, and what you plan to use it for.

    The Pros and Cons of Payday Loans

    Payday loans can offer a quick financial fix when you’re in a pinch, but they also come with serious risks. Before applying, it’s essential to weigh both sides. Here’s a clear look at the upsides and downsides of payday loans:

    Upsides of Payday Loans

    1. Fast Access to Cash. One of the biggest perks of payday loans is speed. Many lenders offer same-day or next-day funding, which can be a lifesaver if you’re facing an urgent bill or emergency expense.
    2. No Credit Check Required. If your credit score isn’t great or you don’t have a credit history at all, payday lenders are often more forgiving. Most don’t require a hard credit check, which makes these loans accessible to a wider range of borrowers.
    3. Simple Qualifications. You don’t need perfect financials to qualify. Typically, the required documentation includes proof of income, a valid ID, a bank account, and a means of contact (such as a phone number or email address).
    4. Convenient Application Process. You can apply online or in person, and most applications take only a few minutes to complete. If you’d rather avoid the hassle of going to a bank, this is a flexible and convenient option.


    Downsides of Payday Loans

    1. The Debt Trap Risk. Because payday loans come with high fees and short repayment terms, many borrowers struggle to pay them back on time. This can lead to a dangerous cycle where you take out another loan just to cover the first, and the debt continues to grow.
    2. Extremely High Interest Rates. Payday loans are among the most expensive forms of borrowing, with APR rates typically ranging from 300% to 400%. Even a small loan can become very costly if you can’t repay it quickly.


    FAQs

    Can I Still Get a Payday Loan with Bad Credit?

    Yes, you can. Many payday lenders don’t even check your credit the traditional way. So, having bad credit or no credit at all usually won’t stop you from getting approved. Instead, they’ll look at your income and ability to repay the loan.

    What Happens If I Can’t Repay a Payday Loan?

    If you miss your repayment, things can get complicated. Lenders may charge late fees or other penalties, and in some cases, this could harm your credit score, especially if the loan is sent to collections. That can make it harder to borrow in the future. Some lenders may also attempt alternative methods to recover the money, such as multiple attempts to withdraw funds from your bank account. Contact your lender immediately if you anticipate difficulty repaying. They can offer options.

    Will Applying for a Payday Loan Hurt My Credit Score?

    Not when you apply through 1F Cash Advance. We only perform a soft credit check, which means it won’t show up on your credit report or affect your FICO score. Your credit score is only at risk if you default on the loan and it goes to collections.

    How Fast Can I Get a Payday Loan?

    Very fast! Most payday lenders aim to provide you with the money on the same day or by the next business day. You can often apply online in just a few minutes, and if approved, funds could be deposited into your bank account within hours.

    Media Contact Info

    Mailing Address

    1F Cash Advance, LLC

    1942 Broadway St., STE 314C Boulder, CO 80302

    Main Office Location

    2770 Canyon Blvd, Boulder, CO 80302

    Website: https://1firstcashadvance.org

    E-mail: info@1firstcashadvance.org

    Phone: (720) 428-2247

    Social Media:

    Disclaimer & Affiliate Disclosure

    This article is intended for informational and commercial purposes only. It’s not financial advice, legal guidance, or an official endorsement of any specific loan provider. While we strive to keep information accurate and up to date, we can’t guarantee its completeness or reliability. Please conduct your own research and, if necessary, consult with a licensed financial advisor or legal expert before making any financial decisions.

    The loan products mentioned here, including payday loans and other financial services, may not be suitable for everyone. Terms, rates, and eligibility vary by lender and location. Approval is never guaranteed, and every lender has its own criteria, including income verification, ID checks, and compliance with state or federal regulations.

    Some links in this content may be affiliate links. That means if you click and take action (such as applying for a loan), we may earn a small commission at no additional cost to you. These commissions help support our content, but they don’t affect our editorial integrity or influence what we write. We aim to provide honest, helpful, and unbiased information at all times.

    By reading or using this content, you agree that we, including the publisher, content creator, partners, and affiliates, aren’t liable for any losses, inaccuracies, or problems that may arise from the information provided here. This includes issues such as loan denials, outdated terms, or disputes with lenders.

    Mentions of companies like “1F Cash Advance” are for informational comparison only. We do not have a formal relationship or endorsement agreement with any specific company unless stated otherwise. For questions about a specific service or offer, please contact the company directly.

    All trademarks and company names belong to their respective owners.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/679bdf0b-cc82-4b57-80b4-72f1e4722a20

    https://www.globenewswire.com/NewsRoom/AttachmentNg/542fe772-e81a-47a9-85dd-48d5ee5e48f5

    The MIL Network

  • MIL-OSI Africa: Ghana’s security strategy has kept terror attacks at bay: what other countries can learn from its approach

    Source: The Conversation – Africa – By Paa Kwesi Wolseley Prah, Postdoctoral Fellow, Dublin City University

    Ghana stands out in west Africa as a nation that has not experienced terrorist attacks, even though it’s geographically close to countries that have. In Burkina Faso, Mali and Nigeria, extremist groups such as Boko Haram and Islamic State in West Africa (ISWAP) have wreaked havoc.

    This resilience is not accidental. It is the result of deliberate counter-terrorism strategies employed by Ghana’s security institutions.

    Ghana’s counter-terrorism framework was set out in 2020. It has four pillars: prevent, pre-empt, protect, and respond. The idea is to coordinate multiple agencies, including the Ghana Police Service, Ghana Immigration Service, Ghana Armed Forces and the National Intelligence Bureau.

    These pillars guide strategies to address both immediate threats and underlying vulnerabilities. Poverty, religious radicalism and porous borders are common drivers of terrorism in west Africa.

    I am an international security and global governance researcher. My co-author is a government and international studies scholar.

    Four years ago we wrote a paper examining Ghana’s resilience against terrorist attacks. Our findings are still relevant given the increasing activities of terror groups in the west African region.


    Read more: West Africa terror: why attacks on military bases are rising – and four ways to respond


    We wanted to identify what works as a potential model for other countries.

    Using a qualitative methodology, we interviewed stakeholders — including police officers, members of the armed forces, Muslim community leaders, and immigration officials. We also analysed the national framework for preventing and countering violent extremism and terrorism.

    Our findings showed that Ghana’s success is traceable to an approach that integrates community engagement with advanced border technology, inter-agency training, media collaboration and intelligence operations. And it addresses both immediate and underlying threats.

    We argue that Ghana’s ability to balance prevention with security offers solutions for stability in a geopolitically volatile region.


    Read more: Ghana’s new president faces tough regional security problems: why he’s well-placed to tackle them


    Community engagement

    One of the standout strategies is community engagement. This serves multiple purposes, from guiding people away from extremism to gathering intelligence.

    The Ghana Police Service, for instance, engages Muslim-dominated communities, known as “Zongos”, to counter radical Islamic ideologies that could be exploited by terrorist groups.

    By collaborating with local religious leaders, police make communities aware of the dangers of radicalisation. They foster trust and encourage residents to report suspicious activities. This approach also works in tackling illegal arms circulation.

    Ghana has an estimated 2.3 million small arms in circulation – 1.1 million of them illegally possessed. The availability of so many weapons fuels terrorist activities across west Africa.

    Community based de-radicalisation aligns with global best practices. In Norway, for instance, it was used to disengage youth from extremist groups.

    Technology at borders

    Ghana’s border control management is another part of its counter-terrorism strategy. Ghana Immigration Service uses advanced security software and integrated systems like the “Immigration 360” system, designed to fully automate passenger processing and data management.

    The system manages records of fingerprints and other data to improve reporting and intelligence sharing between Ghana Immigration and other security agencies.

    The technology makes it possible to quickly identity individuals on terrorist watchlists and detects concealed goods. This helps prevent illegal cross-border movements.

    There are gaps in Ghana’s defences, however. The influx of migrants fleeing extremist violence in Burkina Faso, Mali and Niger in 2024 highlights the urgency of scaling up investments in the technology.


    Read more: West Africa could soon have a jihadist state – here’s why


    Training for preparedness

    Ghana combats new and varying forms of terrorism by uncovering trends and training personnel to deal with them.

    A notable example was the six-day joint training in 2022 involving the Ghana Immigration Service, Police Service, Customs, Economic and Organised Crime Office, and the National Intelligence Bureau.

    The country also works with regional neighbours like Burkina Faso, Togo and Benin, and partners such as the United States, through initiatives like “Operation Epic Guardian”.

    Media as a strategic partner

    Terrorists rely on media to amplify fear and publicise their causes. Ghana’s security agencies counter this tactic by actively engaging media houses to report accurately.

    The Ghana Armed Forces, for instance, works with media to debunk false reports, which can cause public panic and inadvertently aid terrorists.

    The Ghana Police Service emphasises regular dialogue with media to ensure sensitive information is verified before publication, reducing the risk of tipping off suspects. However, media competition for viewers poses a challenge.

    Surveillance and intelligence gathering

    Surveillance and intelligence gathering is critical. Plainclothes armed forces and immigration personnel blend into communities to monitor potential threats. The approach has worked but is constrained by resources.

    It can also risk human rights violations, such as wrongful profiling, and is less effective against multiple targets compared to technological solutions like facial recognition or CCTV.


    Read more: Funding terror: how west Africa’s deadly jihadists get the money they need to survive


    Challenges and regional implications

    Despite its successes, Ghana’s counter-terrorism framework faces challenges that could undermine its long-term efficacy:

    • logistical and financial constraints

    • the influx of migrants fleeing regional violence

    • a lack of harmonised security cultures within the regional body, Ecowas.

    In all, Ghana’s strategies offer lessons for west Africa, where terrorism is a growing threat.

    Its community engagement model could be followed in Nigeria, Burkina Faso, Mali and Niger to counter radicalisation and arms proliferation, provided it avoids religious stereotyping.

    – Ghana’s security strategy has kept terror attacks at bay: what other countries can learn from its approach
    – https://theconversation.com/ghanas-security-strategy-has-kept-terror-attacks-at-bay-what-other-countries-can-learn-from-its-approach-260333

    MIL OSI Africa

  • MIL-OSI Analysis: Ghana’s security strategy has kept terror attacks at bay: what other countries can learn from its approach

    Source: The Conversation – Africa (2) – By Paa Kwesi Wolseley Prah, Postdoctoral Fellow, Dublin City University

    Ghana stands out in west Africa as a nation that has not experienced terrorist attacks, even though it’s geographically close to countries that have. In Burkina Faso, Mali and Nigeria, extremist groups such as Boko Haram and Islamic State in West Africa (ISWAP) have wreaked havoc.

    This resilience is not accidental. It is the result of deliberate counter-terrorism strategies employed by Ghana’s security institutions.

    Ghana’s counter-terrorism framework was set out in 2020. It has four pillars: prevent, pre-empt, protect, and respond. The idea is to coordinate multiple agencies, including the Ghana Police Service, Ghana Immigration Service, Ghana Armed Forces and the National Intelligence Bureau.

    These pillars guide strategies to address both immediate threats and underlying vulnerabilities. Poverty, religious radicalism and porous borders are common drivers of terrorism in west Africa.

    I am an international security and global governance researcher. My co-author is a government and international studies scholar.

    Four years ago we wrote a paper examining Ghana’s resilience against terrorist attacks. Our findings are still relevant given the increasing activities of terror groups in the west African region.




    Read more:
    West Africa terror: why attacks on military bases are rising – and four ways to respond


    We wanted to identify what works as a potential model for other countries.

    Using a qualitative methodology, we interviewed stakeholders — including police officers, members of the armed forces, Muslim community leaders, and immigration officials. We also analysed the national framework for preventing and countering violent extremism and terrorism.

    Our findings showed that Ghana’s success is traceable to an approach that integrates community engagement with advanced border technology, inter-agency training, media collaboration and intelligence operations. And it addresses both immediate and underlying threats.

    We argue that Ghana’s ability to balance prevention with security offers solutions for stability in a geopolitically volatile region.




    Read more:
    Ghana’s new president faces tough regional security problems: why he’s well-placed to tackle them


    Community engagement

    One of the standout strategies is community engagement. This serves multiple purposes, from guiding people away from extremism to gathering intelligence.

    The Ghana Police Service, for instance, engages Muslim-dominated communities, known as “Zongos”, to counter radical Islamic ideologies that could be exploited by terrorist groups.

    By collaborating with local religious leaders, police make communities aware of the dangers of radicalisation. They foster trust and encourage residents to report suspicious activities. This approach also works in tackling illegal arms circulation.

    Ghana has an estimated 2.3 million small arms in circulation – 1.1 million of them illegally possessed. The availability of so many weapons fuels terrorist activities across west Africa.

    Community based de-radicalisation aligns with global best practices. In Norway, for instance, it was used to disengage youth from extremist groups.

    Technology at borders

    Ghana’s border control management is another part of its counter-terrorism strategy. Ghana Immigration Service uses advanced security software and integrated systems like the “Immigration 360” system, designed to fully automate passenger processing and data management.

    The system manages records of fingerprints and other data to improve reporting and intelligence sharing between Ghana Immigration and other security agencies.

    The technology makes it possible to quickly identity individuals on terrorist watchlists and detects concealed goods. This helps prevent illegal cross-border movements.

    There are gaps in Ghana’s defences, however. The influx of migrants fleeing extremist violence in Burkina Faso, Mali and Niger in 2024 highlights the urgency of scaling up investments in the technology.




    Read more:
    West Africa could soon have a jihadist state – here’s why


    Training for preparedness

    Ghana combats new and varying forms of terrorism by uncovering trends and training personnel to deal with them.

    A notable example was the six-day joint training in 2022 involving the Ghana Immigration Service, Police Service, Customs, Economic and Organised Crime Office, and the National Intelligence Bureau.

    The country also works with regional neighbours like Burkina Faso, Togo and Benin, and partners such as the United States, through initiatives like “Operation Epic Guardian”.

    Media as a strategic partner

    Terrorists rely on media to amplify fear and publicise their causes. Ghana’s security agencies counter this tactic by actively engaging media houses to report accurately.

    The Ghana Armed Forces, for instance, works with media to debunk false reports, which can cause public panic and inadvertently aid terrorists.

    The Ghana Police Service emphasises regular dialogue with media to ensure sensitive information is verified before publication, reducing the risk of tipping off suspects. However, media competition for viewers poses a challenge.

    Surveillance and intelligence gathering

    Surveillance and intelligence gathering is critical. Plainclothes armed forces and immigration personnel blend into communities to monitor potential threats. The approach has worked but is constrained by resources.

    It can also risk human rights violations, such as wrongful profiling, and is less effective against multiple targets compared to technological solutions like facial recognition or CCTV.




    Read more:
    Funding terror: how west Africa’s deadly jihadists get the money they need to survive


    Challenges and regional implications

    Despite its successes, Ghana’s counter-terrorism framework faces challenges that could undermine its long-term efficacy:

    • logistical and financial constraints

    • the influx of migrants fleeing regional violence

    • a lack of harmonised security cultures within the regional body, Ecowas.

    In all, Ghana’s strategies offer lessons for west Africa, where terrorism is a growing threat.

    Its community engagement model could be followed in Nigeria, Burkina Faso, Mali and Niger to counter radicalisation and arms proliferation, provided it avoids religious stereotyping.

    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. Ghana’s security strategy has kept terror attacks at bay: what other countries can learn from its approach – https://theconversation.com/ghanas-security-strategy-has-kept-terror-attacks-at-bay-what-other-countries-can-learn-from-its-approach-260333

    MIL OSI Analysis

  • MIL-OSI United Kingdom: Government secures label-led measures to boost earnings for UK artists

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government secures label-led measures to boost earnings for UK artists

    Major boost for UK music creators as government drives industry to produce new measures to support legacy artists, songwriters and session musicians

    *Changes estimated by labels to deliver tens of millions of pounds in new investment to support musicians by 2030, rewarding artists for their work and driving growth through Plan for Change *Agreement backed by UK arms of major labels Universal Music Group, Sony Music Entertainment and Warner Music Group

    UK music creators are set to benefit from a boost to their earnings thanks to the Government driving forward a new label-led agreement on streaming pay agreed today (Tuesday 22nd July).

    The Creator Remuneration Working Group (CRWG), chaired by Creative Industries Minister Sir Chris Bryant, has been meeting regularly since 2024 to explore industry-led action – driving growth in the creative industries as part of the Government’s Plan for Change.

    This process has delivered a set of measures designed to boost the earnings of legacy artists, songwriters and session musicians and marks a further step towards ensuring the music streaming market works for everyone, on top of existing industry programmes.

    The principles include a new framework for the renegotiation of contracts by artists who signed record deals before streaming became commonplace, in addition to support for the digitisation of their back catalogues so that it can be made available online. This aims to help legacy artists to increase their streaming earnings for their existing body of work. 

    Support for songwriters and composers includes a commitment to the payment of per diems and expenses for recording sessions, to ensure they are not left out of pocket.

    The British Phonographic Industry (BPI) and Musicians’ Union also agreed to an uplift in session musician fees of up to 40% for pop sessions and 15% for classical to ensure they are more fairly paid for their work. 

    The agreed principles have been adopted by the BPI and Association of Independent Music (AIM) and recommended to their UK members. The UK divisions of Universal Music Group, Sony Music Entertainment and Warner Music Group, the world’s three largest labels, have also committed to delivering them.

    Culture Secretary Lisa Nandy said:

    Streaming has totally revolutionised how audiences discover and enjoy music, and how artists connect with their fans across the globe.

    But we have heard loud and clear from creators that more needs to be done to ensure they are fairly compensated when their work is used on streaming platforms.

    That is why I am delighted that the industry has agreed these new measures, which will go a long way to making sure our talented artists and creators are properly rewarded for their hard work, while driving growth through our Plan for Change.

    Creative Industries Minister Sir Chris Bryant said:

    Everyone loves music and it’s about time we really valued the people who create it. Millions of us use music streaming platforms who provide a fantastic service to their customers, connecting users with a wealth of music from around the world. 

    But many musicians and songwriters are really struggling and artists simply don’t  think they receive their fair share of the profit generated by their work on these platforms. These new measures, which apply specifically in the UK, are an important step in ensuring creators are fairly paid for their work.

    I would like to thank the sector for coming together to drive this positive progress, which will benefit the music industry as a whole.

    Roberto Neri, CEO of Ivors Academy, said:

    We welcome and wish to thank Minister Bryant for the introduction of per diems for songwriters and his support in securing this agreement. There is no music industry without songwriters and these payments will ensure that songwriters are not out of pocket when turning up to work. We look forward to working together over the next 12 months to assess how this package benefits music makers and ensuring that all creators share in the success of streaming remuneration.

    The Government will support industry to deliver these measures in full, in order to improve conditions for UK music makers. The impact of the measures will be monitored and reviewed in a year’s time, working closely with members of the group to understand the extent to which they are improving creator earnings as intended. 

    The Government will then assess the need for further intervention, to ensure this package delivers on its objective to bring about real change for creators. 

    Labels estimate these changes will deliver tens of millions of pounds in new investment to support creators by 2030, which will help drive growth in the creative industries as part of the Government’s Plan for Change.

    The Government has also committed to continuing to look at the issue of streaming pay for session musicians and has convened a meeting in September with key organisations from the music industry to take this forward.

    Further quotes

    The Council Of Music Makers said: 

    We greatly appreciate the efforts of the Government in seeking to improve the streaming economy for music-makers. Minister Chris Bryant has dedicated a great deal of time and resources trying to agree creator-friendly terms with the BPI and major labels, in an attempt to address unfair remuneration. Over the next year, we will work in good faith to support music-makers to test these initiatives and whether they can deliver meaningful change. 

    We will work closely with the Government during the one year monitoring of these measures. In 2021 Parliament’s Culture, Media & Sport Select Committee raised several fundamental issues regarding the streaming business model, calling for ‘a complete reset’. The Council Of Music Makers remains committed to achieving this objective and reaching a fairer settlement for all music-makers and we will now collectively pursue additional legislative measures to achieve positive change for those that create the work our industry is built on.

    Sophie Jones, Chief Strategy Officer at the BPI, said: 

    After five years of detailed scrutiny and analysis, we are pleased to put in place these creator remuneration principles for UK labels in response to specific concerns identified in the UK’s streaming debate. Many more artists are succeeding in the era of streaming than before – and we are confident that these targeted measures will lead to positive and sustainable outcomes and support for legacy artists, songwriters and session musicians, ensuring that our members’ significant ongoing investment into the development of British talent and the growth of our world leading UK music industry will be to the benefit of all. This has been a collaborative process and we are grateful to our members and fellow trade organisations for their expertise and to Minister Chris Bryant and the DCMS officials for their stewardship of this process.

    Baron Brennan of Canton, former Chair of the DCMS Select Committee which launched the inquiry into the Economics of Music Streaming, said: 

    Protecting the dignity of British songwriters by putting money in their pockets for writing sessions is a real first, and greater transparency over artist renegotiation is most welcome. I commend Minister Bryant for all his efforts. Further progress is needed on streaming but I’m encouraged by the Minister’s commitment to pursue progress through further talks this autumn on session musician income from streaming.

    Updates to this page

    Published 22 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Nations: UN’s Guterres declares fossil fuel era fading; presses nations for new climate plans before COP30 summit

    Source: United Nations 2

    In a special address at UN Headquarters in New York, Mr. Guterres cited surging clean energy investment and plunging solar and wind costs that now outcompete fossil fuels.

    The energy transition is unstoppable, but the transition is not yet fast enough or fair enough,” he said.

    The speech, A Moment of Opportunity: Supercharging the Clean Energy Age – a follow‑up to last year’s Moment of Truth – was delivered alongside a new UN technical report drawing on global energy and finance bodies.

    “Just follow the money,” Mr. Guterres said, noting that $2 trillion flowed into clean energy last year, $800 billion more than fossil fuels and up almost 70 per cent in a decade.

    Key points from the address

    • Point of no return – The world has irreversibly shifted towards renewables, with fossil fuels entering their decline
    • Clean energy surge – $2 trillion invested in clean energy last year, $800 billion more than fossil fuels
    • Cost revolution – Solar now 41 per cent cheaper and offshore wind 53 per cent cheaper than fossil fuel alternatives.
    • Global challenge – Calls on G20 nations to align new national climate plans with the 1.5°C target of the Paris Agreement
    • Energy security – Renewables ensure “real energy sovereignty”
    • Six opportunity areas – Climate plan ambition, modern grids, sustainable demand, just transition, trade reform, and finance for emerging markets.

    A shift in possibility

    He noted new data from the International Renewable Energy Agency (IRENA) showing solar, once four times costlier, is now 41 per cent cheaper than fossil fuels.

    Similarly, offshore wind is 53 per cent cheaper, with more than 90 per cent of new renewables worldwide beating the cheapest new fossil alternative.

    This is not just a shift in power. It is a shift in possibility,” he said.

    Renewables nearly match fossil fuels in global installed power capacity, and “almost all the new power capacity built” last year came from renewables, he said, noting that every continent added more clean power than fossil fuels.

    Clean energy is unstoppable

    Mr. Guterres underscored that a clean energy future “is no longer a promise, it is a fact”. No government, no industry and no special interest can stop it.

    Of course, the fossil fuel lobby will try, and we know the lengths to which they will go. But, I have never been more confident that they will fail because we have passed the point of no return.

    He urged countries to lock ambition into the next round of national climate plans, or NDCs, due within months. Mr. Guterres called on the G20 countries, which are responsible for 80 per cent of emissions, to submit new plans aligned with the 1.5°C limit and present them at a high‑level event in September.

    Targets, he added, must “double energy efficiency and triple renewables capacity by 2030” while accelerating “the transition away from fossil fuels”.

    Real energy sovereignty

    The Secretary-General also highlighted the geopolitical risks of fossil fuel dependence.

    “The greatest threat to energy security today is fossil fuels,” he said, citing price shocks after Russia’s invasion of Ukraine.

    There are no price spikes for sunlight, no embargoes on wind. Renewables mean real energy security, real energy sovereignty and real freedom from fossil-fuel volatility.

    Six opportunity areas

    Mr. Guterres mapped six “opportunity areas” to speed the transition: ambitious NDCs, modern grids and storage, meeting soaring demand sustainably, a just transition for workers and communities, trade reforms to broaden clean‑tech supply chains, and mobilising finance to emerging markets.

    Financing, however, is the choke point. Africa, home to 60 per cent of the world’s best solar resources, received just 2 per cent of global clean energy investment last year, he said.

    Only one in five clean energy dollars over the past decade went to emerging and developing economies outside China. Flows must rise more than five-fold by 2030 to keep the 1.5-degree limit alive and deliver universal access.

    Mr. Guterres urged reform of global finance, stronger multilateral development banks and debt relief, including debt‑for‑climate swaps.

    The fossil fuel age is flailing and failing. We are in the dawn of a new energy era,” he said in closing.

    That world is within reach, but it won’t happen on its own. Not fast enough. Not fair enough. It is up to us. This is our moment of opportunity.

    MIL OSI United Nations News

  • MIL-OSI Canada: Saskatchewan, Ontario and Alberta to Advance Pipelines, Critical Minerals and Energy Export Infrastructure

    Source: Government of Canada regional news

    Released on July 22, 2025

    Provinces sign agreement to secure markets, support investment and strengthen supply chains.

    Today, Saskatchewan Premier Scott Moe, Ontario Premier Doug Ford and Alberta Premier Danielle Smith signed a Memorandum of Understanding (MOU) to coordinate the safe transportation and export of Western Canadian oil, natural gas and critical minerals to refineries, seaports and storage facilities across Canada and beyond.  

    “We are sending a clear signal that Canada’s energy future will be built by Canadians, for Canadians,” Moe said. “This agreement commits our provinces to work together to unlock new markets, shore up our supply chains from mine to port and advocate for the federal reforms our industry needs. By advancing pipelines, rail connections and critical-mineral processing capacity, we are safeguarding thousands of jobs, strengthening our energy security and fostering sustainable growth.”

    The MOU establishes a collaborative framework to explore multiple pipeline and rail corridors, and expansion of processing hubs for critical minerals. All of this will create new and critical avenues to reach domestic and international markets.

    “As the world grapples with President Trump’s unfair tariffs, it is more important than ever to build a resilient and self-reliant economy here at home,” Ford said. “This agreement sends a clear message: Ontario, Alberta and Saskatchewan are ready to get shovels in the ground and move forward on projects that will secure our long-term prosperity.”  

    The agreement will help strengthen interprovincial trade by linking Saskatchewan, Ontario and Alberta through shared infrastructure development and coordinated market strategies.  

    “We are taking action to grow our economy, build real infrastructure and get major projects moving,” Smith said. “Alberta is proud to lead the way in uniting with provinces that share a vision for responsible development, economic freedom and common sense. We are standing up for our oil and gas sector and making sure our world-class resources reach the markets that need them. Together, Alberta, Ontario and Saskatchewan are showing what is possible when provinces step up. This agreement is about building a stronger, more connected Canada, one project at a time.”

    The Government of Saskatchewan is proud to be a leader and advocate for free and fair trade. Last week, Saskatchewan called on all provinces and territories to join Canada’s largest barrier-free interprovincial market, the New West Partnership Trade Agreement. This economic region of over 11 million Canadians has a combined GDP exceeding $818 billion.

    The province also continues to take part in the Committee on Internal Trade (CIT), which includes enhancing the Canadian Free Trade Agreement (CFTA), reducing regulatory and administrative burdens to interprovincial trade, and facilitating labour mobility.

    On July 8, CIT announced significant progress, including:

    • Reducing party-specific exceptions under the CFTA by a further 30 per cent.
    • Concluding negotiations of the financial services chapter.
    • Advancing mutual recognition through a pilot project in the trucking sector and negotiating towards a mutual recognition agreement on the sale of goods.  
    • Cross-Canada commitment to a 30-day service standard for processing labour mobility applications.
    • A Memorandum of Understanding on direct-to-consumer alcohol sales, co-led by Saskatchewan and Ontario, involving ten jurisdictions across Canada to support consumers being able to order their favourite Canadian wine, spirit, beer or other alcoholic beverage, directly from the producer, for personal consumption.

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI Europe: Galileo launches first worldwide authentication service

    Source: European Union 2

    EUSPA today announced the forthcoming official launch of the Galileo Open Service – Navigation Message Authentication (OSNMA), a new authentication mechanism that lets OS users verify the authenticity of the data used for the GNSS positioning and timing on 24 July.

    Coming at a time when attacks on GNSS signals, such as spoofing, are on the rise, OSNMA provides a critical layer of protection. Spoofing involves the transmission of counterfeit satellite signals that deceive GNSS receivers, potentially resulting in false and unreliable positioning. These events can affect critical applications in transportation, finance, telecommunications, information technology, energy, utilities, manufacturing, health services, emergency services and law enforcement, in which GNSS, and in particular Galileo, is used. In sectors such as aviation or maritime, this can lead to serious safety risks.

    The Galileo OSNMA mitigates these threats by allowing users to confirm that the data they receive is genuinely from Galileo and has not been tampered with. It works by embedding cryptographic data, or a digital signature, into the navigation message (I/NAV) broadcast on the E1-B signal.
    Because the OSNMA is transmitted in the Galileo Open Service signal, which is already used in most devices, receivers only need to implement the protocol and download the certified public keys from the European GNSS Service Centre (GSC) website. OSNMA service relies as well on the implementation of dedicated logic on the receiver side to guarantee the end-to-end authentication process. The service does not require the storage and management of secret keys on the user side, which facilitates the adoption in different communities. Importantly, the OSNMA mechanism does not alter Galileo’s existing signal structure, ensuring that Open Service navigation performance remains unaffected.

    While OSNMA does not prevent spoofing or jamming, it makes spoofing significantly harder by authenticating the data and making the Galileo signal unpredictable and harder to replicate. It also enhances the system’s resilience, giving users an important tool in detecting and responding to threats.

    “Stakeholders have clearly articulated a need for more robust GNSS services. The Galileo OSNMA delivers this robustness and, in doing so, provides enhanced security in positioning and timing solutions.“ Rodrigo DA COSTA, EUSPA Executive Director

    “The OSNMA Initial Service declaration has been authorised by the EU Space SAB following independent security checks and cooperation with the Programme to define risk mitigation measures. The cooperation between the SAB, the Commission and EUSPA was instrumental to getting through this very important milestone.” Philippe BERTRAND, EU Space Security Accreditation Chair

    The launch of Galileo OSNMA marks another milestone in the EU’s commitment to secure and reliable space-based services.

    The OSNMA declaration of service follows an extensive testing phase in which GNSS manufacturers, integrators, and application developers assessed the service across diverse scenarios using the Signal in Space (SiS). With this launch, Galileo becomes the first GNSS in the world to offer authentication globally as part of its Open Service — a major step in reinforcing Europe’s leadership in secure satellite navigation.

    The OSNMA is provided by EUSPA, the operational service provider for Galileo.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Modernised aid budget will focus on impact, value for money and transparency

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Modernised aid budget will focus on impact, value for money and transparency

    New aid funding figures published today show how the international aid budget will deliver value for money for the British taxpayer – and maximum impact for the most vulnerable overseas.

    • New figures released today (Tuesday, 22 July) set out how the government will spend the aid budget in 2025/2026, prioritising areas where Britain can make the biggest difference. 

    • The new approach means the UK will prioritise spending through the most impactful multilateral organisations like the World Bank and Gavi, the vaccine alliance, while working to drive reform of these institutions. 

    • Development Minister Baroness Chapman today confirms UK support for the World Bank’s International Development Association – with the fund expected to benefit 1.9 billion people in next three years.

    New aid funding figures published today (Tuesday, 22 July 2025) show how the international aid budget will deliver value for money for the British taxpayer – and maximum impact for the most vulnerable overseas. The cut in the aid budget to 0.3% of Gross National Income from 2027 means every penny must count if the UK is to make progress on its biggest development priorities: to tackle humanitarian, health and climate crises.

    Today’s aid figures, published in the FCDO’s annual report and the first to be released since the cut was announced in February, give an indication of the new approach the Development Minister Baroness Chapman will take. They follow a comprehensive line-by-line strategic review of aid conducted by the Minister, which focused on prioritisation, efficiency, protecting planned humanitarian support and live contracts while ensuring responsible exit from programming where necessary. 

    The pivot will see global organisations with a proven track record of impact, like the World Bank and Gavi, prioritised to deliver better results for the UK taxpayer and the world’s poorest people.  

    The UK will also continue to play a key humanitarian role supporting those in crisis, including in Gaza, Ukraine and Sudan, and will hold a reserve fund to respond to future crises at pace.

    However, underperforming multilateral organisations will face funding cuts in future, and as the UK moves to spend less on aid, bilateral support to some countries is also dropping.  

    While bilateral support for some countries will drop, the UK will instead increasingly share expertise, like that of our world leading scientists and financial sector. It will focus on tackling the climate crisis, health threats and humanitarian emergencies, creating stability and growth to help deliver the Plan for Change at home. The National Security Strategy published earlier this year said British interests are best served through effective multilateral cooperation.

    As part of its growing support for impactful multilateral organisations, the UK today confirmed it will honour a pledge to the International Development Association (IDA) – the World Bank’s fund for the poorest countries – having agreed a new way to make payments that reduces costs to UK taxpayers and provides the same value to the Bank. IDA is expected to benefit 1.9 billion people in the next three years.

    Minister for Development Baroness Chapman said: 

    We are modernising our approach to international development. Every pound must work harder for UK taxpayers and the people we help around the world and these figures show how we are starting to do just that through having a clear focus and priorities. 

    The UK is moving towards a new relationship with developing countries, becoming partners and investors, rather than acting as a traditional aid donor. We want to work with countries and share our expertise – from world leading science to the City of London – to help them become no longer dependent on aid, and organisations like the World Bank and Gavi are central to how we can work with others to solve some of the biggest challenges of our time: humanitarian disasters, pandemics and the climate crisis.

    The UK’s support for the multilateral system will come with a renewed push for its reform to maximise efficiency and impact for people on the ground.  It follows UK funding announced for another multilateral organisation Gavi, the vaccine alliance, last month, which will help save up to 8 million lives. 

    The World Bank support was originally announced last November, but all UK aid funding was subsequently reviewed following the 0.3% announcement in February this year. Every £1 the UK invests in the World Bank’s IDA fund, enables £4 of finance for developing countries. The IDA fund is expected to benefit 1.9 billion people in next three years.

    The World Bank President Ajay Banga today welcomed the UK’s funding commitment. He said:

    We are grateful to the United Kingdom for honouring its pledge to IDA. In a time of tight budgets and growing global risks, this is not just generosity – it’s strategy. Every taxpayer pound is multiplied many times over through the Bank’s ability to mobilise capital and partner with the private sector.

    These resources help create jobs in developing countries – jobs that build self-reliant economies, reduce the drivers of instability, crime, and migration, and grow the middle class. In turn, they create future consumers of UK products and investment opportunities that strengthen the UK economy over the long term.

    The UK’s new approach aligns with recent calls from Global South leaders for a move away from traditional aid to a focus on investment and partnerships, including from the African Development Bank, and the former Kenyan President. 

    Alongside the figures released today, the government has also published an Equality Impact Assessment which found plans to reduce the aid budget will “protect against disproportionate impacts on equalities” overall.

    The government will publish indicative multi-year allocations for 2026-2029 in the autumn, providing an even clearer picture of the UK’s future direction in international development. 

    Background:

    1. The full ODA spending allocations were published in the FCDO’s Annual Report and Accounts on GOV.UK on Tuesday, July 22, 2025. See here for further details: FCDO Annual Report and Accounts 2024 to 2025- GOV.UK
    2. The Equality Impact Assessment was published alongside the Annual Report and Accounts: FCDO Official Development Assistance programme allocations 2025 to 2026: equality impact assessment – GOV.UK
    3. The UK announced last November it would pledge £1.98 billion to the World Bank’s IDA21 – from July 2025 to June 2028. All UK aid funding was subsequently reviewed following the decision to reduce the aid budget in February. We have now agreed to accelerate our payments to the Bank, reducing their need to borrow from markets. This means that while the UK will provide the Bank with around 10% less cash in total, the Bank will regard our contribution as equivalent to our original pledge. A number of other donors accelerate their payments to provide early support to the Bank and to increase the value of their funding in the same way. 
    4. The Foreign Secretary announced new humanitarian support for Gaza on Monday, July 21, 20225. See here for further details: UK pledges lifesaving aid for Gaza – GOV.UK

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 22 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Secretary-General’s remarks to the Security Council – on Multilateralism and Peaceful Settlement of Disputes [bilingual as delivered; scroll down for all-English and all-French versions]

    Source: United Nations secretary general

    Mr. President, Excellencies,                                                       

    I want to thank Deputy Prime Minister and Foreign Minister Ishaq Dar and Pakistan for convening today’s open debate.

    The topic of today’s debate shines a light on the clear connection between international peace and multilateralism.

    Eighty years ago, the United Nations was founded with a primary purpose — to safeguard humanity from the scourge of war.

    The architects of the United Nations Charter recognized that the peaceful resolution of disputes is the lifeline when geopolitical tensions escalate… when unresolved disputes fuel the flames of conflict…and when states lose trust in each other.

    The Charter lays out a number of important tools to forge peace.

    Article 2.3 of the UN Charter is clear:

    “All Members shall settle their international disputes by peaceful means in such a manner that international peace and security, and justice, are not endangered.”

    Chapter VI of the Charter is equally clear on the specific responsibilities of this Council to help ensure the pacific settlement of disputes “by negotiation, enquiry, mediation, conciliation, arbitration, judicial settlement, resort to regional agencies or arrangements, or other peaceful means of their own choice.”

    Action 16 of the Pact of the Future calls on Member States to recommit to all the mechanisms of preventive diplomacy and the peaceful settlement of disputes.

    I commend Pakistan for utilizing its presidency to put forward a resolution urging all Member States to make full use of these tools in our collective pursuit of global peace.

    This is needed now more than ever.

    Around the world, we see an utter disregard for — if not outright violations of — international law — including international human rights law, international refugee law, international humanitarian law, and the UN Charter itself, without any accountability.

    These failures to uphold international obligations are coming at a time of widening geopolitical divides and conflicts. 

    And the cost is staggering — measured in human lives, shattered communities, and lost futures.

    We need look no further than the horror show in Gaza — with a level of death and destruction without parallel in recent times.

    Malnourishment is soaring.  Starvation is knocking on every door. 

    And now we are seeing the last gasp of a humanitarian system built on humanitarian principles.

    That system is being denied the conditions to function.  Denied the space to deliver.  Denied the safety to save lives.

    With Israeli military operations intensifying and new displacement orders issued in Deir al-Balah, devastation is being layered upon devastation. 

    I am appalled that UN premises have been struck – among them facilities of the UN Office for Project Services and the World Health Organization, including WHO’s main warehouse.

    This is despite all parties having been informed of the locations of these UN facilities.

    These premises are inviolable and must be protected under international humanitarian law – without exception.  

    From Gaza to Ukraine, from the Sahel to Sudan, Haiti and Myanmar, and many other parts of the world, conflict is raging, international law is being trampled, and hunger and displacement are at record levels.

    And terrorism, violent extremism and transnational crime remain persistent scourges pushing security further out of reach.  

    Diplomacy may not have always succeeded in preventing conflicts, violence and instability.

    But it still holds the power to stop them.

    Mr. President,

    Peace is a choice.

    And the world expects the UN Security Council to help countries make this choice.   

    This Council is at the centre of the global architecture for peace and security.  

    Its creation reflected a central truth.

    Competition between states is a geopolitical reality.  

    But cooperation — anchored in shared interests and the greater good — is the sustainable pathway to peace.

    Too often, we see divisions, entrenched positions and escalatory discourse blocking solutions and the effectiveness of the Council.

    But we have also seen some inspiring examples of finding common ground and forging solutions to global problems.

    For example, today marks three years since the signing of the Black Sea Initiative and the Memorandum of Understanding with the Russian Federation — efforts that show what we can achieve through mediation and the good offices of the United Nations, even during the most challenging moments.

    And we’ve seen many other recent examples.

    From the Sevilla Conference on Financing for Development, to the Oceans Conference in Nice, to the Agreement on Marine Biological Diversity of Areas Beyond National Jurisdiction and the Cybercrime Treaty, to the Pact for the Future adopted last year. 

    The Pact, in particular, demonstrates a clear re-commitment by the world to strengthen the United Nations collective security system.

    Drawing from the New Agenda for Peace, it prioritizes preventive diplomacy and mediation — all areas where this Council can play a vital role.

    As we look to the theme of today’s debate, I see three areas where we can live up to the Pact’s call to renew our commitment to — and the world’s faith in — the multilateral problem-solving architecture.

    First — this Council’s members, in particular its permanent members, must continue working to overcome divisions.

    The majority of situations on the Security Council’s agenda are complex and resist quick fixes.
    But even in the darkest days of the Cold War, the collective dialogue and decision-making in this Council underpinned a common and effective system of global security.

    One that successfully deployed a range of peacekeeping missions.

    One that opened the door for vital humanitarian aid to flow to people in need.

    And one that helped prevent a Third World War.

    I urge you to summon this same spirit by keeping channels open, continuing to listen in good faith, and working to overcome differences and building consensus.

    We must also work to ensure that this Council reflects the world of today, not the world of 80 years ago.

    This Council should be made more representative of today’s geopolitical realities.

    And we must continue improving the working methods of this Council to make it more inclusive, transparent, efficient and accountable.

    I urge you to continue building consensus to move the intergovernmental negotiations forward.

    Second — this Council must continue strengthening cooperation with regional and subregional partners.

    The landmark adoption of Security Council Resolution 2719 supporting African Union-led peace support operations through assessed contributions is a good example of how we can join efforts with regional organizations to support more effective responses.

    I also commend this Council’s steps to strengthen and re-build regional security frameworks to encourage dialogue and advance the peaceful settlement of disputes.

    Troisièmement, les États Membres doivent honorer leurs obligations en vertu du droit international, y compris la Charte des Nations Unies, le droit international des droits humains et le droit international humanitaire.

    Le Pacte pour l’avenir appelle tous les États Membres à respecter leurs engagements envers la Charte, ainsi que les principes de respect de la souveraineté, de l’intégrité territoriale et de l’indépendance politique des États.

    Tous ces principes sont ancrés dans le droit international et reposent sur l’engagement de donner la priorité à la prévention des conflits et au règlement pacifique des différends par le dialogue et la diplomatie.

    Le Pacte reconnaît également la contribution essentielle de la Cour internationale de Justice, qui fêtera son 80ème anniversaire l’année prochaine.

    Monsieur le Président,

    À l’occasion du 80ème anniversaire de notre Organisation et de la Charte qui lui a donné vie et forme, nous devons renouveler notre engagement envers l’esprit multilatéral de la paix par la diplomatie.

    Je me réjouis de travailler avec vous en ce sens, afin de parvenir à la paix et la sécurité internationales que les peuples du monde entier espèrent et méritent.

    Je vous remercie.

    [all-English]

    Mr. President, Excellencies,                                                       

    I want to thank Deputy Prime Minister and Foreign Minister Ishaq Dar and Pakistan for convening today’s open debate.

    The topic of today’s debate shines a light on the clear connection between international peace and multilateralism.

    Eighty years ago, the United Nations was founded with a primary purpose — to safeguard humanity from the scourge of war.

    The architects of the United Nations Charter recognized that the peaceful resolution of disputes is the lifeline when geopolitical tensions escalate… when unresolved disputes fuel the flames of conflict…and when states lose trust in each other.

    The Charter lays out a number of important tools to forge peace.

    Article 2.3 of the UN Charter is clear:

    “All Members shall settle their international disputes by peaceful means in such a manner that international peace and security, and justice, are not endangered.”

    Chapter VI of the Charter is equally clear on the specific responsibilities of this Council to help ensure the pacific settlement of disputes “by negotiation, enquiry, mediation, conciliation, arbitration, judicial settlement, resort to regional agencies or arrangements, or other peaceful means of their own choice.”

    Action 16 of the Pact of the Future calls on Member States to recommit to all the mechanisms of preventive diplomacy and the peaceful settlement of disputes.

    I commend Pakistan for utilizing its presidency to put forward a resolution urging all Member States to make full use of these tools in our collective pursuit of global peace.

    This is needed now more than ever.

    Around the world, we see an utter disregard for — if not outright violations of — international law — including international human rights law, international refugee law, international humanitarian law, and the UN Charter itself, without any accountability.

    These failures to uphold international obligations are coming at a time of widening geopolitical divides and conflicts. 

    And the cost is staggering — measured in human lives, shattered communities, and lost futures.

    We need look no further than the horror show in Gaza — with a level of death and destruction without parallel in recent times.

    Malnourishment is soaring.  Starvation is knocking on every door. 

    And now we are seeing the last gasp of a humanitarian system built on humanitarian principles.

    That system is being denied the conditions to function.  Denied the space to deliver.  Denied the safety to save lives.

    With Israeli military operations intensifying and new displacement orders issued in Deir al-Balah, devastation is being layered upon devastation.

    I am appalled that UN premises have been struck – among them facilities of the UN Office for Project Services and the World Health Organization, including WHO’s main warehouse.

    This is despite all parties having been informed of the locations of these UN facilities.

    These premises are inviolable and must be protected under international humanitarian law – without exception.    

    From Gaza to Ukraine, from the Sahel to Sudan, Haiti and Myanmar, and many other parts of the world, conflict is raging, international law is being trampled, and hunger and displacement are at record levels.

    And terrorism, violent extremism and transnational crime remain persistent scourges pushing security further out of reach.  
    Diplomacy may not have always succeeded in preventing conflicts, violence and instability.

    But it still holds the power to stop them.

    Mr. President,

    Peace is a choice.

    And the world expects the UN Security Council to help countries make this choice.   

    This Council is at the centre of the global architecture for peace and security.  

    Its creation reflected a central truth.
    Competition between states is a geopolitical reality.  

    But cooperation — anchored in shared interests and the greater good — is the  sustainable pathway to peace.

    Too often, we see divisions, entrenched positions and escalatory discourse blocking solutions and the effectiveness of the Council.

    But we have also seen some inspiring examples of finding common ground and forging solutions to global problems.

    For example, today marks three years since the signing of the Black Sea Initiative and the Memorandum of Understanding with the Russian Federation — efforts that show what we can achieve through mediation and the good offices of the United Nations, even during the most challenging moments.

    And we’ve seen many other recent examples.

    From the Sevilla Conference on Financing for Development, to the Oceans Conference in Nice, to the Agreement on Marine Biological Diversity of Areas Beyond National Jurisdiction and the Cybercrime Treaty, to the Pact for the Future adopted last year. 

    The Pact, in particular, demonstrates a clear re-commitment by the world to strengthen the United Nations collective security system.

    Drawing from the New Agenda for Peace, it prioritizes preventive diplomacy and mediation — all areas where this Council can play a vital role.

    As we look to the theme of today’s debate, I see three areas where we can live up to the Pact’s call to renew our commitment to — and the world’s faith in — the multilateral problem-solving architecture.

    First — this Council’s members, in particular its permanent members, must continue working to overcome divisions.

    The majority of situations on the Security Council’s agenda are complex and resist quick fixes.

    But even in the darkest days of the Cold War, the collective dialogue and decision-making in this Council underpinned a common and effective system of global security.

    One that successfully deployed a range of peacekeeping missions.

    One that opened the door for vital humanitarian aid to flow to people in need.

    And one that helped prevent a Third World War.

    I urge you to summon this same spirit by keeping channels open, continuing to listen in good faith, and working to overcome differences and building consensus.

    We must also work to ensure that this Council reflects the world of today, not the world of 80 years ago.

    This Council should be made more representative of today’s geopolitical realities.

    And we must continue improving the working methods of this Council to make it more inclusive, transparent, efficient and accountable.

    I urge you to continue building consensus to move the intergovernmental negotiations forward.

    Second — this Council must continue strengthening cooperation with regional and subregional partners.

    The landmark adoption of Security Council Resolution 2719 supporting African Union-led peace support operations through assessed contributions is a good example of how we can join efforts with regional organizations to support more effective responses.

    I also commend this Council’s steps to strengthen and re-build regional security frameworks to encourage dialogue and advance the peaceful settlement of disputes.

    And third — Member States must honour their obligations under international law, including the UN Charter, international human rights law and international humanitarian law.

    The Pact for the Future calls on all Member States to live up to their commitments in the UN Charter, and the principles of respect for sovereignty, territorial integrity and the political independence of states.

    All grounded in international law, and a commitment to prioritizing prevention of conflict and the peaceful settlement of disputes through dialogue and diplomacy.

    The Pact also recognized the critical contribution of the International Court of Justice, which celebrates its 80th anniversary next year.

    Mr. President,    

    As we mark the 80th anniversary of our organization and the Charter that gave it life and shape, we need to renew our commitment to the multilateral spirit of peace through diplomacy.

    I look forward to working with you in this important effort, to achieve the international peace and security the people of the world need and deserve.

    Thank you.

    [all-French]

    Monsieur le Président, Excellences,

    Je tiens à remercier le Vice-Premier Ministre et Ministre des affaires étrangères Ishaq Dar et le Pakistan d’avoir organisé le débat public de ce jour.

    Le thème de ce débat met en lumière le lien évident qui existe entre la paix internationale et le multilatéralisme.

    Il y a 80 ans, l’Organisation des Nations Unies a été fondée dans le but premier de préserver l’humanité du fléau de la guerre.

    Les architectes de la Charte des Nations Unies ont considéré que le règlement pacifique des différends était la seule issue possible lorsque les tensions géopolitiques s’intensifiaient, lorsque des différends non résolus attisaient les conflits et lorsque les États perdaient confiance les uns dans les autres.

    La Charte renferme un certain nombre d’outils majeurs destinés à forger la paix.

    Son Article 2.3 est clair :

    « Les Membres de l’Organisation règlent leurs différends internationaux par des moyens pacifiques, de telle manière que la paix et la sécurité internationales ainsi que la justice ne soient pas mises en danger ».

    Son Chapitre VI est tout aussi clair en ce qui concerne les responsabilités confiées au Conseil de sécurité, qui doit contribuer à assurer le règlement pacifique des différends « par voie de négociation, d’enquête, de médiation, de conciliation, d’arbitrage, de règlement judiciaire, de recours aux organismes ou accords régionaux, ou par d’autres moyens pacifiques » du choix des parties.

    La mesure 16 du Pacte pour l’avenir appelle les États Membres à démontrer leur attachement à la diplomatie préventive et au règlement pacifique des différends en recourant davantage à tous les mécanismes existants en la matière.

    Je félicite le Pakistan d’avoir mis à profit sa présidence pour présenter une résolution exhortant tous les États Membres à utiliser pleinement les outils en question dans le cadre de notre quête collective de la paix dans le monde.

    Nous en avons besoin plus que jamais.

    Partout dans le monde, nous observons un mépris total pour le droit international – voire des violations pures et simples de ce droit, notamment du droit international des droits humains, du droit international des réfugiés, du droit international humanitaire et de la Charte des Nations Unies elle-même –, sans que la responsabilité de quiconque ne soit engagée.

    Ces manquements aux obligations internationales surviennent à un moment où les divisions et les conflits géopolitiques s’aggravent.

    Et le coût – en vies humaines, en communautés brisées et en avenirs perdus – est accablant.

    Il suffit de regarder l’horreur qui se déroule à Gaza, avec un niveau de mort et de destruction sans équivalent dans l’histoire récente.

    La malnutrition explose.  La famine frappe à toutes les portes. 

    Et maintenant, nous assistons à l’agonie d’un système humanitaire fondé sur des principes humanitaires.

    Ce système se voit refuser les conditions nécessaires à son fonctionnement.  On lui refuse l’espace nécessaire pour agir.  On lui refuse la sécurité nécessaire pour sauver des vies.

    Alors que les opérations militaires israéliennes s’intensifient et que de nouveaux ordres de déplacement sont émis à Deir al-Balah, la dévastation s’ajoute à la dévastation.

    Je suis consterné que des locaux de l’ONU aient été touchés, notamment ceux du Bureau des Nations Unies pour les services d’appui aux projets et de l’Organisation mondiale de la Santé, y compris son entrepôt principal.

    Ceci alors que toutes les parties ont été informées de l’emplacement de ces installations de l’ONU.

    Ces locaux sont inviolables et doivent être protégés par le droit international humanitaire, sans exception.

    De Gaza à l’Ukraine, du Sahel au Soudan, de Haïti au Myanmar, et dans bien d’autres régions du monde, les conflits font rage, le droit international est bafoué, et la faim et les déplacements atteignent des niveaux record.

    Et le terrorisme, l’extrémisme violent et la criminalité transnationale restent des fléaux tenaces qui rendent la sécurité encore plus inaccessible.

    La diplomatie ne permet pas toujours de prévenir les conflits, la violence et l’instabilité.

    Mais elle a toujours le pouvoir de les arrêter.

    Monsieur le Président,

    La paix est un choix.

    Et le monde attend du Conseil de sécurité de l’Organisation qu’il aide les pays à faire ce choix.

    Ce Conseil est au cœur de l’architecture mondiale pour la paix et la sécurité.

    Sa création reposait sur une vérité fondamentale.

    La rivalité entre les États est une réalité géopolitique.

    Mais la coopération – ancrée dans des intérêts partagés et le bien commun – représente la voie durable vers la paix.

    Nous observons trop fréquemment que les divisions, les positions tranchées et la surenchère verbale bloquent la mise en place de solutions et sape l’efficacité de ce Conseil.

    Mais nous avons également observé des exemples admirables de cas où il a été possible de trouver un terrain d’entente et des solutions aux problèmes mondiaux.

    Ainsi, nous marquons aujourd’hui le troisième anniversaire de la signature de l’Initiative de la mer Noire et du mémorandum d’accord avec la Fédération de Russie – des mesures qui montrent ce que nous pouvons accomplir grâce à la médiation et aux bons offices de l’ONU, y compris dans les moments les plus difficiles.

    Et plus récemment, nous avons été témoins de bien d’autres exemples.

    De la Conférence de Séville sur le financement du développement à la Conférence de Nice sur l’océan, en passant par l’Accord sur la diversité biologique marine des zones ne relevant pas de la juridiction nationale, la Convention sur la cybercriminalité et le Pacte pour l’avenir, adopté l’année dernière.

    Le Pacte, en particulier, témoigne d’une claire volonté du monde de s’engager de nouveau à renforcer le système de sécurité collective des Nations Unies.

    Inspiré du Nouvel Agenda pour la paix, il donne la priorité à la diplomatie préventive et à la médiation, autant de domaines dans lesquels le Conseil peut jouer un rôle essentiel.

    En ce qui concerne le thème du débat qui nous réunit aujourd’hui, il y a selon moi trois domaines dans lesquels nous pouvons nous montrer à la hauteur de l’appel, contenu dans le Pacte, à renouveler notre engagement – et la confiance du monde – envers l’architecture multilatérale dont nous disposons pour régler les problèmes.

    Premièrement, les membres de ce Conseil, en particulier les membres permanents, doivent continuer à s’efforcer de surmonter les dissensions.

    La majorité des situations inscrites à l’ordre du jour du Conseil de sécurité sont complexes et ne se prêtent pas à des solutions rapides.

    Mais même dans les jours les plus sombres de la guerre froide, le dialogue et la prise de décision collective au sein de ce Conseil ont permis de maintenir un système de la sécurité mondiale commun et efficace.

    Un système qui a déployé avec succès toute une série de missions de maintien de la paix.

    Un système qui a ouvert la voie à l’acheminement d’une aide humanitaire vitale aux personnes dans le besoin.

    Et un système qui a permis d’éviter une troisième guerre mondiale.

    Je vous exhorte à adopter le même état d’esprit en maintenant la communication, en continuant d’écouter de bonne foi, en vous employant à surmonter les divergences et à rechercher le consensus.

    Nous devons également veiller à ce que ce Conseil soit à l’image du monde d’aujourd’hui, et non de celui d’il y a 80 ans.

    Ce Conseil devrait être plus représentatif des réalités géopolitiques actuelles.

    Et nous devons continuer de perfectionner ses méthodes de travail afin de le rendre plus inclusif, plus transparent, plus efficace, et plus responsable.

    Je vous demande instamment de continuer d’œuvrer à la recherche du consensus pour faire avancer les négociations intergouvernementales.

    Deuxièmement, ce Conseil doit continuer de renforcer la coopération avec les partenaires régionaux et sous-régionaux.

    L’adoption historique de la résolution 2719 du Conseil de sécurité, visant à financer les opérations d’appui à la paix menées par l’Union africaine au moyen de contributions statutaires, est un bon exemple de la manière dont nous pouvons unir nos forces à celles des organisations régionales pour favoriser la mise en place de mesures plus efficaces.

    Je salue également les mesures prises par ce Conseil pour renforcer et rebâtir les cadres de sécurité régionaux afin d’encourager le dialogue et de favoriser le règlement pacifique des différends.

    Troisièmement, les États Membres doivent honorer leurs obligations en vertu du droit international, y compris la Charte des Nations Unies, le droit international des droits humains et le droit international humanitaire.

    Le Pacte pour l’avenir appelle tous les États Membres à respecter leurs engagements envers la Charte, ainsi que les principes de respect de la souveraineté, de l’intégrité territoriale et de l’indépendance politique des États.

    Tous ces principes sont ancrés dans le droit international et reposent sur l’engagement de donner la priorité à la prévention des conflits et au règlement pacifique des différends par le dialogue et la diplomatie.

    Le Pacte reconnaît également la contribution essentielle de la Cour internationale de Justice, qui fêtera son 80ème anniversaire l’année prochaine.

    Monsieur le Président,

    À l’occasion du 80ème anniversaire de notre Organisation et de la Charte qui lui a donné vie et forme, nous devons renouveler notre engagement envers l’esprit multilatéral de la paix par la diplomatie.

    Je me réjouis de travailler avec vous en ce sens, afin de parvenir à la paix et la sécurité internationales que les peuples du monde entier espèrent et méritent.

    Je vous remercie.

    MIL OSI United Nations News

  • MIL-OSI USA: Finders/Seekers: Exemption Features

    Source: Securities and Exchange Commission

    Thank you to the Committee members for your continued service and to today’s speakers. In this morning’s follow-up discussion on Regulation A, please continue to provide your candid views about what changes could make Regulation A a more effective capital-raising tool. The discussion at the last meeting, as you thought through different aspects of Regulation A, already has helped to inform my thinking. I am looking forward to seeing your recommendations on the topic.

    Later this morning, the Committee will be thinking about a common marketplace question that frustrates founders and investors alike: “where is what I’m looking for?” A founder with a product is looking for an angel investor or venture capitalist with a compatible investment philosophy. Simultaneously, an investor with capital to allocate is looking for a company with a vision that resonates with her. Time spent looking for one another is a mutually incurred transaction cost that hampers the growth of individual businesses and the broader economy. One part of the Commission’s three-part mission is to ensure fair, orderly, and efficient markets. Ensuring efficient markets means creating a regulatory environment that facilitates, rather than impedes, the coming together of entrepreneurs and investors.

    Finders play a crucial role, particularly for small businesses, by connecting entrepreneurs and investors. Finders often are engaged just as much in social behavior as they are in economic behavior. As a result, well-intentioned friends, colleagues, and industry acquaintances may find themselves unwittingly acting as broker-dealers and therefore subject to an onerous regulatory framework ill-suited for the connections and introductions these individuals facilitate. Companies, on the other hand, also face uncertainty in knowing when they can engage a finder that is not registered as a broker-dealer to help locate investors. Despite these consequences, the Commission has failed to provide clarity in this area, which has forced finders and companies to rely on highly fact-specific no-action letters from Commission staff. This lack of clarity has persisted for so long it transcends committees; this Committee’s predecessor, the Advisory Committee on Small and Emerging Companies, lamented that, “[t]here is significant uncertainty in the marketplace about what activities require broker-dealer registration.”[1] And this Committee too has asked for years for the Commission to adopt a framework to permit finders to engage in limited capital raising activities involving accredited investors.[2]

    Finally, in October 2020 the Commission proposed an exemptive order which would have permitted natural persons to engage in certain limited activities on behalf of issuers without registering as brokers (the “2020 Proposal”).[3] A month later, this Committee provided helpful feedback.[4] Commenters caused me to question the proposed approach, which involved two tiers of finders. As one commenter explained with respect to proposed Tier 1 finders, “limiting them to one transaction annually and prohibiting them from having any contact with an investor makes the category virtually useless.”[5] Though the 2020 Proposal was never adopted, as you consider the staff’s overview of the 2020 Proposal and discuss issues surrounding finders more generally, please consider the following questions:

    1. Is the 2020 Proposal a good starting point for exemptive relief, or would a different approach be more effective? Have market practices changed since 2020 in a way that would warrant changes to the 2020 Proposal?
    2. Would the 2020 Proposal, or any action related to providing clarity for finders, benefit from a full rulemaking process, as some commenters suggested in 2020?[6]
    3. Is the Committee still supportive of a blanket exemption for finders for offerings under a certain size?[7]
    4. Should any exemption for finders cover activities related to secondary offerings?
    5. In 2020 commenters were divided on whether an exemption should be provided only to natural persons.[8] Does this committee favor one approach over the other?

    I look forward to hearing how today’s discussion builds on the previous work of the Committee.


    [2] See, Letter from the Small Bus. Cap. Formation Advisory Comm., U.S. Sec, & Exch. Comm’n, to Jay Clayton, Chairman, U.S. Sec, & Exch. Comm’n (May 28, 2020), https://www.sec.gov/spotlight/sbcfac/capital-formation-proposal-recommendation-2020-05-08.pdf; Letter from the Small Bus. Cap. Formation Advisory Comm., U.S. Sec, & Exch. Comm’n, to Jay Clayton, Chairman, U.S. Sec, & Exch. Comm’n (Nov. 13, 2020), https://www.sec.gov/spotlight/sbcfac/finders-recommendation.pdf; Letter from the Small Bus. Cap. Formation Advisory Comm., U.S. Sec, & Exch. Comm’n, to Gary Gensler, Chair, U.S. Sec, & Exch. Comm’n (Nov. 16, 2022), https://www.sec.gov/spotlight/sbcfac/entrepreneurial-ecosystems-recommendation-101322.pdf; Letter from the Small Bus. Cap. Formation Advisory Comm., U.S. Sec, & Exch. Comm’n, to Gary Gensler, Chair, U.S. Sec, & Exch. Comm’n (Feb. 28, 2023), https://www.sec.gov/files/committee-perspectives-letter-022823.pdf.

    [3] U.S. Securities and Exchange Commission, Notice of Proposed Exemptive Order Granting Conditional Exemption from the Broker Registration Requirements of Section 15(a) of the Securities Exchange Act of 1934 for Certain Activities of Finders, Exchange Act Release No. 34-90112, File No. S7-13-20 (Oct. 7, 2020), https://www.sec.gov/files/rules/exorders/2020/34-90112.pdf.

    [4] Letter from the Small Bus. Cap. Formation Advisory Comm., (Nov. 13, 2020), supra note 2.

    [6] Securities Industry and Financial Markets Association, Letter to Vanessa A. Countryman, Re: S7-13-20 (Nov. 12, 2020), at 6-7, https://www.sec.gov/comments/s7-13-20/s71320-8011715-225372.pdf; CompliGlobe Ltd., Letter to Vanessa A. Countryman, Re: S7-13-20 (Nov. 13, 2020), at 3, 6, https://www.sec.gov/comments/s7-13-20/s71320-8048443-225747.pdf.

    [7] Letter from the Small Bus. Cap. Formation Advisory Comm., (Nov. 13, 2020), supra note 2.

    [8] Compare, e.g., CrowdCheck, Inc., Letter to Vanessa A. Countryman, Re: S7-13-20 (Nov. 30, 2020), at 2, s71320-8065248-225954.pdf; with CompliGlobe Ltd., Letter, supra note 6, at 4.

    MIL OSI USA News

  • MIL-OSI Security: #StopRansomware: Interlock

    Source: US Department of Homeland Security

    Summary

    Note: This joint Cybersecurity Advisory is part of an ongoing #StopRansomware effort to publish advisories for network defenders that detail various ransomware variants and ransomware threat actors. These #StopRansomware advisories include recently and historically observed tactics, techniques, and procedures (TTPs) and indicators of compromise (IOCs) to help organizations protect against ransomware. Visit stopransomware.gov to see all #StopRansomware advisories and to learn more about other ransomware threats and no-cost resources.

    The Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency (CISA), Department of Health and Human Services (HHS), and Multi-State Information Sharing and Analysis Center (MS-ISAC)—hereafter referred to as “the authoring organizations”—are releasing this joint advisory to disseminate known Interlock ransomware IOCs and TTPs identified through FBI investigations (as recently as June 2025) and trusted third-party reporting.

    The Interlock ransomware variant was first observed in late September 2024, targeting various business, critical infrastructure, and other organizations in North America and Europe. FBI maintains these actors target their victims based on opportunity, and their activity is financially motivated. FBI is aware of Interlock ransomware encryptors designed for both Windows and Linux operating systems; these encryptors have been observed encrypting virtual machines (VMs) across both operating systems. FBI observed actors obtaining initial access via drive-by download from compromised legitimate websites, which is an uncommon method among ransomware groups. Actors were also observed using the ClickFix social engineering technique for initial access, in which victims are tricked into executing a malicious payload under the guise of fixing an issue on the victim’s system. Actors then use various methods for discovery, credential access, and lateral movement to spread to other systems on the network.

    Interlock actors employ a double extortion model in which actors encrypt systems after exfiltrating data, which increases pressure on victims to pay the ransom to both get their data decrypted and prevent it from being leaked. 

    FBI, CISA, HHS, and MS-ISAC encourage organizations to implement the recommendations in the Mitigations section of this advisory to reduce the likelihood and impact of Interlock ransomware incidents.

    Download the PDF version of this report:

    For a downloadable copy of IOCs, see:

    Note: This advisory uses the MITRE ATT&CK® Matrix for Enterprise framework, version 17. See the MITRE ATT&CK Tactics and Techniques section of this advisory for tables mapped to the threat actors’ activity.

    Overview

    Since September 2024, Interlock ransomware actors have impacted a wide range of businesses and critical infrastructure sectors in North America and Europe. These actors are opportunistic and financially motivated in nature and employ tactics to infiltrate and disrupt the victim’s ability to provide their essential services. 

    Interlock actors leverage a double extortion model, in which they both encrypt and exfiltrate victim data. Ransom notes do not include an initial ransom demand or payment instructions; instead, victims are provided with a unique code and are instructed to contact the ransomware group via a .onion URL through the Tor browser. To date, Interlock actors have been observed encrypting VMs, leaving hosts, workstations, and physical servers unaffected; however, this does not mean they will not expand to these systems in the future. To counter Interlock actors’ threat to VMs, enterprise defenders should implement robust endpoint detection and response (EDR) tooling and capabilities.

    The authoring agencies are aware of emerging open-source reporting detailing similarities between the Rhysida and Interlock ransomware variants.1 For additional information on Rhysida ransomware, see the joint advisory, #StopRansomware: Rhysida Ransomware.

    Initial Access

    FBI has observed Interlock actors obtaining initial access [TA0001] via drive-by download [T1189] from compromised legitimate websites, an atypical method for ransomware actors. Interlock ransomware methods for initial access have previously disguised malicious payloads as fake Google Chrome or Microsoft Edge browser updates, though a cybersecurity company recently reported a shift to payload filenames masquerading as updates for common security software (see Table 5 for a list of filenames).2

    In some instances, FBI has observed Interlock actors using the ClickFix social engineering technique, in which unsuspecting users are prompted to execute a malicious payload by clicking a fake Completely Automated Public Turing test to tell Computers and Humans Apart (CAPTCHA) [T1189]. The CAPTCHA contains instructions for users to open the Windows Run window, paste the clipboard contents, and then execute a malicious Base64-encoded PowerShell process [T1204.004].3

    Note: This ClickFix technique has been used in several other malware campaigns, including Lumma Stealer and DarkGate.4

    Execution and Persistence

    Based on FBI investigations, the fake Google Chrome browser executable functions as a remote access trojan (RAT) [T1105] designed to execute a PowerShell script [T1059.001] that drops a file into the Windows Startup folder. From there, the file is designed to run the RAT every time the victim logs in [T1547.001], establishing persistence [TA0003]. 

    FBI also observed instances in which Interlock actors executed a PowerShell command designed to establish persistence via a Windows Registry key modification [T1547.001]. To do so, Interlock actors used a PowerShell command [T1059.001] designed to add a run key value named “Chrome Updater” [T1036.005] that uses a specific log file as an argument upon user login.

    Reconnaissance

    To facilitate reconnaissance, a PowerShell script executes a series of commands [T1059.001] designed to gather information on victim machines (see Table 1).

    Table 1. PowerShell Commands for Reconnaissance
    PowerShell Command Description
    WindowsIdentity.GetCurrent() Returns a WindowsIdentity object that represents the current Windows user [T1033].
    systeminfo Displays detailed configuration information [T1082] about a computer and its operating system, including operating system configuration, security information, product ID, and hardware properties.
    tasklist/svc Lists unabridged service information [T1007] for each process currently running on the local computer.
    Get-Service Gets objects that represent the services [T1007] on a computer, including running and stopped services.
    Get-PSDrive

    Gets the drives [T1082] in the current session, such as:

    • Windows logical drives on the computer, including drives mapped to network shares.
    • Drives exposed by PowerShell providers.
    • Session-specified temporary drives and persistent mapped network drives.
       
    arp -a Displays and modifies entries in the Address Resolution Protocol (ARP) cache table [T1016], which contains entries on the IPv4 and IPv6 addresses on host endpoints.

    Command and Control

    FBI observed Interlock actors using command and control (C2) [TA0011] applications like Cobalt Strike and SystemBC. Interlock actors also used Interlock RAT5 and NodeSnake RAT (as of March 2025)6 for C2 and executing commands.

    Credential Access, Lateral Movement, and Privilege Escalation

    FBI observed that once Interlock actors establish remote control of a compromised system, they use a series of PowerShell commands to download a credential stealer (cht.exe) [TA0006] and keylogger binary (klg.dll) [T1056.001],[T1105]. According to open source reporting, the credential stealer collects login information and associated URLs for victims’ online accounts [T1555.003], while the keylogger dynamic link library (DLL) logs users’ keystrokes in a file named conhost.txt [T1036.005].7 As of February 2025, private cybersecurity analysts also observed Interlock ransomware infections executing different versions of information stealers [TA0006], including Lumma Stealer8 and Berserk Stealer, to harvest credentials for lateral movement and privilege escalation [T1078].9

    Interlock actors leverage compromised credentials and Remote Desktop Protocol (RDP)10 [T1021.001] to move between systems. They also use tools like AnyDesk to enable remote connectivity and PuTTY to assist with lateral movement [T1219].11 In addition to stealing users’ online credentials, Interlock actors have compromised domain administrator accounts (possibly by using a Kerberoasting attack [T1558.003])12 to gain additional privileges [T1078.002]. 

    Collection and Exfiltration

    Interlock actors leverage Azure Storage Explorer (StorageExplorer.exe) to navigate victims’ Microsoft Azure Storage accounts [T1530] prior to exfiltrating data. According to open source reporting, Interlock actors execute AzCopy to exfiltrate data by uploading it to the Azure storage blob [T1567.002].13 Interlock actors also exfiltrate data over file transfer tools, including WinSCP [T1048].

    Impact

    Following data exfiltration, Interlock actors deploy the encryption binary as a 64-bit executable named conhost.exe [T1486],[T1036.005]. FBI has observed Interlock ransomware encryptors for both Windows and Linux operating systems. Encryptors are designed to encrypt files using a combined Advanced Encryption Standard (AES) and Rivest-Shamir-Adleman (RSA) algorithm. In addition, cybersecurity researchers have identified Interlock ransomware samples using a FreeBSD ELF encryptor [T1486], a departure from usual Linux encryptors designed for VMware ESXi servers and VMs.14

    A cybersecurity company identified a DLL binary named tmp41.wasd—executed after encryption using rundll32.exe [T1218.011]—which uses the remove() function to delete the encryption binary [T1070.004];15 on Linux machines, the encryptor uses a similar technique to execute the removeme function. 

    Encrypted files are appended with either a .interlock or .1nt3rlock file extension, alongside a ransom note titled !__README__!.txt delivered via group policy object (GPO). Interlock actors use a double-extortion model [T1657], encrypting systems after exfiltrating data. The ransom note provides each victim with a unique code and instructions to contact the ransomware actors via a .onion URL. 

    Interlock actors do not leave an initial ransom demand or payment instructions on compromised networks, and do not relay this information until contacted by the victim. The actors instruct victims to make ransom payments in Bitcoin to cryptocurrency wallet addresses provided by the actors. The actors threaten to publish the victim’s exfiltrated data to their leak site on the Tor network unless the victim pays the ransom demand; the actors have previously followed through on this threat.16

    See Table 2 for publicly available tools and applications used by Interlock ransomware actors. This includes legitimate tools repurposed for their operations.

    Disclaimer: Use of these tools and applications should not be attributed as malicious without analytical evidence to support threat actor use and/or control.

    Table 2. Tools Used by Interlock Ransomware Actors
    Tool Name Description
    AnyDesk A common legitimate remote monitoring and management (RMM) tool maliciously used by Interlock actors to obtain remote access and maintain persistence. AnyDesk also supports remote file transfer.
    Cobalt Strike A penetration testing tool used by security professionals to test the security of networks and systems.
    PowerShell A cross-platform task automation solution made up of a command-line shell, a scripting language, and a configuration management framework, which runs on Windows, Linux, and macOS.
    PSExec A tool designed to run programs and execute commands on remote systems.
    PuTTY.exe An open source file transfer application commonly used to remotely connect to systems via Secure Shell (SSH). PuTTY also supports file transfer protocols like Secure File Transfer Protocol (SFTP) and Secure Copy Protocol (SCP).
    ScreenConnect A remote support, access, and meeting software that allows users to control devices remotely over the internet. CISA observed Interlock actors using a cracked version of this software in at least one incident. These versions may be standalone versions not connecting to ScreenConnect’s official cloud domains (domains available upon request from ConnectWise).
    SystemBC Enables Interlock actors to compromise systems, run commands, download malicious payloads, and act as a proxy tool to the actors’ C2 servers.
    Windows Console Host Windows Console Host (conhost.exe) manages the user interface for command-line applications in Windows, including Command Prompt and PowerShell. 
    WinSCP A free and open source SSH File Transfer Protocol (FTP), WebDAV, Amazon S3, and secure copy protocol client.

    See Table 3 and Table 4 for files used by Interlock ransomware actors. These were obtained from FBI investigations as recently as June 2025.

    Disclaimer: Some of the hashes are for legitimate tools and applications and should not be attributed as malicious without analytical evidence to support threat actor use and/or control. The authoring agencies recommend organizations investigate or vet these hashes prior to taking action, such as blocking.

    Table 3. Files Used by Interlock Ransomware Actors (SHA-256)
    File Name Hash
    1.ps1 fba4883bf4f73aa48a957d894051d78e0085ecc3170b1ff50e61ccec6aeee2cd 
    advanced_port_scanner.exe 4b036cc9930bb42454172f888b8fde1087797fc0c9d31ab546748bd2496bd3e5
    Aisa.exe 18a507bf1c533aad8e6f2a2b023fbbcac02a477e8f05b095ee29b52b90d47421
    AnyDesk.exe 1a70f4eef11fbecb721b9bab1c9ff43a8c4cd7b2cafef08c033c77070c6fe069
    autoservice.dll a4069aa29628e64ea63b4fb3e29d16dcc368c5add304358a47097eedafbbb565
    Autostart.exe d535bdc9970a3c6f7ebf0b229c695082a73eaeaf35a63cd8a0e7e6e3ceb22795
    cht FAFCD5404A992850FFCFFEE46221F9B2FF716006AECB637B80E5CD5AA112D79C
    cht.exe C20BABA26EBB596DE14B403B9F78DDC3C13CE9870EEA332476AC2C1DD582AA07
    cleanup.dll (SystemBC) 1845a910dcde8c6e45ad2e0c48439e5ab8bbbeb731f2af11a1b7bbab3bfe0127
    conhost 44887125aa2df864226421ee694d51e5535d8c6f70e327e9bcb366e43fd892c1
    conhost.dll a70af759e38219ca3a7f7645f3e103b13c9fb1db6d13b68f3d468b7987540ddf
    conhost.dll 96babe53d6569ee3b4d8fc09c2a6557e49ebc2ed1b965abda0f7f51378557eb1
    difxepi.dll (SystemBC) 1845a910dcde8c6e45ad2e0c48439e5ab8bbbeb731f2af11a1b7bbab3bfe0127
    iexplore.exe d0c1662ce239e4d288048c0e3324ec52962f6ddda77da0cb7af9c1d9c2f1e2eb
    klg.dll A4F0B68052E8DA9A80B70407A92400C6A5DEF19717E0240AC608612476E1137E
    !!!OPEN_ME!!!.txt 68A49D5A097E3850F3BB572BAF2B75A8E158DADB70BADDC205C2628A9B660E7A
    processhacker-2.39-bin.zip 88f26f3721076f74996f8518469d98bf9be0eaee5b9eccc72867ebfc25ea4e83
    PsExec.exe 078163d5c16f64caa5a14784323fd51451b8c831c73396b967b4e35e6879937b
    putty.exe 7a43789216ce242524e321d2222fa50820a532e29175e0a2e685459a19e09069
    puttyportable.exe 97931d2e2e449ac3691eb526f6f60e2f828de89074bdac07bd7dbdfd51af9fa0
    PuTTYPortable.zip ff7ad2376ae01e4b3f1e1d7ae630f87b8262b5c11bc5d953e1ac34ffe81401b5
    qrpce91.exe.asd 64a0ab00d90682b1807c5d7da1a4ae67cde4c5757fc7d995d8f126f0ec8ae983
    ScreenConnect.ClientService.exe 2814b33ce81d2d2e528bb1ed4290d665569f112c9be54e65abca50c41314d462
    SophosendpointAgent.exe f51b3d054995803d04a754ea3ff7d31823fab654393e8054b227092580be43db
    SophosScaner.exe dfb5ba578b81f05593c047f2c822eeb03785aecffb1504dcb7f8357e898b5024
    Starship.exe 94bf0aba5f9f32b9c35e8dfc70afd8a35621ed6ef084453dc1b10719ae72f8e2
    start 28c3c50d115d2b8ffc7ba0a8de9572fbe307907aaae3a486aabd8c0266e9426f
    start.exe 70bb799557da5ac4f18093decc60c96c13359e30f246683815a512d7f9824c8f
    StorageExplorer.exe 73a9a1e38ff40908bcc15df2954246883dadfb991f3c74f6c514b4cffdabde66
    Sysmon.sys 1d04e33009bcd017898b9e1387e40b5c04279c02ebc110f12e4a724ccdb9e4fb
    upd_2327991.exe 7b9e12e3561285181634ab32015eb653ab5e5cfa157dd16cdd327104b258c332
    webujgd.lnk 70EE22D394E107FBB807D86D187C216AD66B8537EDC67931559A8AEF18F6B5B3
    WinSCP-6.3.5-Setup.exe 8eb7e3e8f3ee31d382359a8a232c984bdaa130584cad11683749026e5df1fdc3
    Proxy Tool e4d6fe517cdf3790dfa51c62457f5acd8cb961ab1f083de37b15fd2fddeb9b8f
    Encryptor e86bb8361c436be94b0901e5b39db9b6666134f23cce1e5581421c2981405cb1
    Encryptor c733d85f445004c9d6918f7c09a1e0d38a8f3b37ad825cd544b865dba36a1ba6
    Encryptor 28c3c50d115d2b8ffc7ba0a8de9572fbe307907aaae3a486aabd8c0266e9426f
    Table 4. Files Used by Interlock Ransomware Actors (SHA-1)
    File Name Hash
    autorun.log 514946a8fc248de1ccf0dbeee2108a3b4d75b5f6
    jar.jar b625cc9e4024d09084e80a4a42ab7ccaa6afb61d
    pack.jar 3703374c9622f74edc9c8e3a47a5d53007f7721e

    See Table 5 through Table 16 for all referenced threat actor tactics and techniques in this advisory. For assistance with mapping malicious cyber activity to the MITRE ATT&CK framework, see CISA and MITRE ATT&CK’s Best Practices for MITRE ATT&CK Mapping and CISA’s Decider Tool.

    Table 5. Initial Access
    Technique Title ID Use
    Drive-By Compromise T1189

    Interlock actors obtain initial access by compromising a legitimate website that network users visit, or by disguising malicious payloads as fake browser updates or common security software, including the following:17

    • FortiClient.exe
    • Ivanti-Secure-Access-Client.exe
    • GlobalProtect.exe
    • Webex.exe
    • AnyConnectVPN.exe
    • Cisco-Secure-Client.exe
    • zyzoom_antimalware.exe

    Interlock actors also gain access via the ClickFix social engineering technique, in which users are tricked into executing a malicious payload by clicking on a fake CAPTCHA that prompts users to execute a malicious PowerShell script. 
     

    Table 6. Execution
    Technique Title ID Use
    Command and Scripting Interpreter: PowerShell T1059.001 

    Interlock actors implement PowerShell scripts to drop a malicious file into the Windows Startup folder.

    Interlock actors execute a PowerShell command for registry key modification.

    Interlock actors use a PowerShell script to execute a series of commands to facilitate reconnaissance.

    User Execution: Malicious Copy and Paste T1204.004 Via the ClickFix social engineering technique, users are tricked into clicking a fake CAPTCHA and prompted into executing a malicious Base64-encoded PowerShell process by following instructions to open a Windows Run window (Windows Button + R), pasting clipboard contents (“CTRL + V”), and then executing the malicious script (“Enter”).
    Table 7. Persistence
    Technique Title ID Use
    Boot or Logon Autostart Execution: Registry Run Keys/Startup Folder T1547.001

    Interlock actors establish persistence by adding a file into a Windows StartUp folder that executes a RAT every time a user logs in.

    Interlock actors also implement registry key modification by using a PowerShell command to add a run key value (named “Chrome Updater”) that uses a log file as an argument every time a user logs in.
     

    Table 8. Privilege Escalation
    Technique Title ID Use
    Valid Accounts: Domain Accounts T1078.002 Interlock actors compromise domain administrator accounts to gain additional privileges. 
    Table 9. Defense Escalation
    Technique Title ID Use
    Defense Evasion TA0005 Interlock actors execute the removeme function on Linux systems to delete the encryption binary for defense evasion. 
    Masquerading: Match Legitimate Resource Name or Location T1036.005

    Interlock actors disguise a malicious run key value by naming it “Chrome Updater”; the run key value uses a specific log file as an argument upon user login.

    Interlock actors disguise files of keystrokes logged by one of their credential stealers with a legitimate Windows filename: conhost.txt.

    Interlock actors disguise an encryption binary, a 64-bit executable, by giving it the same name as the legitimate Console Windows Host executable: conhost.exe

    System Binary Proxy Execution: Rundll32 T1218.011 Interlock actors use rundll32.exe to proxy execution of a malicious DLL binary tmp41.wasd
    Indicator Removal: File Deletion T1070.004 Interlock actors execute a DLL binary tmp41.wasd that uses the remove() function to delete their encryption binary for defense evasion. 
    Table 10. Credential Access
    Technique Title ID Use
    Credential Access TA0006 Interlock actors download credential stealer cht.exe and execute other versions information stealers (including Lumma Stealer and Berserk Stealer) to harvest credentials.
    Credentials from Password Stores: Credentials from Web Browsers T1555.003 Interlock actors download a credential stealer that collects login information and associated URLs for victims’ online accounts.
    Input Capture T1056 Interlock actors execute Lumma Stealer and Berserk Stealer information stealers on victim systems.
    Input Capture: Keylogging T1056.001 Interlock actors download klg.dll, a keylogger binary, onto compromised systems, where it logs users’ keystrokes in a file named conhost.txt
    Steal or Forge Kerberos Tickets: Kerberoasting T1558.003 Interlock actors possibly use a Kerberoasting attack to compromise domain administrator accounts. 
    Table 11. Discovery
    Technique Title ID Use
    System Owner/User Discovery T1033 Interlock actors execute a PowerShell command WindowsIdentity.GetCurrent() on victim systems to retrieve a WindowsIdentity object that represents the current Windows user.
    System Information Discovery T1082

    Interlock actors execute a PowerShell command systeminfo on victim systems to access detailed configuration information about the system, including OS configuration, security information, product ID, and hardware properties.

    Interlock actors execute a PowerShell command Get-PSDrive on victim systems to discover the drives in the current session, such as: 

    • Windows logical drives on the computer, including drives mapped to network shares.
    • Drives exposed by PowerShell providers.
    • Session-specified temporary drives and persistent mapped network drives.
    System Service Discovery T1007

    Interlock actors execute a PowerShell command tasklist /svc on victim systems that lists service information for each process currently running on the system. 

    Actors also execute a PowerShell command Get-Service on victim systems that retrieves objects that represent the services (including running and stopped services) on the system.

    System Network Configuration Discovery T1016 Interlock actors execute a PowerShell command arp -a on victim systems that displays and modifies entries in the Address Resolution Protocol (ARP) cache table (which contains entries on the IPv4 and IPv6 addresses on host endpoints).
    Table 12. Lateral Movement
    Technique Title ID Use
    Valid Accounts T1078 Interlock actors harvest and abuse valid credentials for lateral movement and privilege escalation.
    Remote Services: Remote Desktop Protocol T1021.001 Interlock actors use RDP and valid credentials to move laterally between systems.
    Table 13. Collection
    Technique Title ID Use
    Data from Cloud Storage T1530 Interlock actors use StorageExplorer.exe, the cloud storage solution Azure Storage Explorer, to explore Microsoft Azure Storage accounts. 
    Table 14. Command and Control
    Technique Title ID Use
    Command and Control TA0011 Interlock actors use applications Cobalt Strike and SystemBC for C2. 
    Ingress Tool Transfer T1105

    Interlock actors use a fake Google Chrome or Microsoft Edge browser update to cause users to execute a RAT on the victimized system.

    Interlock actors download credential stealers (cht.exe) and keylogger binaries (klg.dll) once actors establish remote control of a compromised system. 

    Remote Access Tools T1219 Interlock actors use legitimate remote access tools such as AnyDesk to enable remote connectivity and PuTTY to assist with lateral movement.
    Table 15. Exfiltration
    Technique Title  ID Use
    Exfiltration Over Web Service: Exfiltration to Cloud Storage T1567.002 Interlock actors exfiltrate data to cloud storage by executing AzCopy to upload data to the Azure storage blob.
    Exfiltration Over Alternative Protocol T1048 Interlock actors use file transfer tools like WinSCP to exfiltrate data.
    Table 16. Impact
    Technique Title  ID Use
    Data Encrypted for Impact T1486

    Interlock actors encrypt victim data using a combined AES and RSA algorithm on compromised systems to interrupt availability to system and network resources. Actors code encryptors using C/C++. Interlock actors use encryptors for both Windows and Linux operating systems. 

    Interlock actors also use a FreeBSD ELF encryptor to encrypt victim data. 

    Financial Theft   T1657 Interlock actors deliver a ransom note titled !__README__!.txt via a GPO which provides victims with instructions to use a .onion URL to contact the actors over the Tor network. Actors use a double-extortion model, both encrypting victim data and threatening release of victim data on their Tor network leak site if the ransom is not paid.

    The authoring agencies recommend organizations implement the mitigations below to improve your organization’s cybersecurity posture on the basis of the Interlock ransomware actors’ activity. These mitigations align with the Cross-Sector Cybersecurity Performance Goals (CPGs) developed by CISA and the National Institute of Standards and Technology (NIST). The CPGs provide a minimum set of practices and protections that CISA and NIST recommend all organizations implement. CISA and NIST based the CPGs on existing cybersecurity frameworks and guidance to protect against the most common and impactful threats and TTPs. Visit CISA’s CPGs webpage for more information on the CPGs, including additional recommended baseline protections.

    In addition to the below mitigations, Healthcare and Public Health (HPH) organizations should use HPH Sector CPGs to implement cybersecurity protections to address the most common threats and TTPs used against this sector.

    At-risk organizations should implement the following mitigations:

    • Prevent Interlock ransomware actors from obtaining initial access:
      • Implement domain name system (DNS) filtering to block users from accessing malicious sites and applications.
      • Implement web access firewalls to mitigate and prevent unknown commands or process injection from malicious domains or websites.
      • Train users [CPG 2.I] to identify, avoid, and report social engineering attempts.
    • Implement a recovery plan [CPG 5.A] to maintain and retain multiple copies of sensitive or proprietary data and servers in a physically separate, segmented, and secure location (e.g., hard drive, storage device, the cloud) [CPG 2.R].
    • Require all accounts with password logins (e.g., service accounts, admin accounts, and domain admin accounts) to comply with NIST password standards.
      • Require employees to use long passwords [CPG 2.B] and consider not requiring recurring password changes, as these can weaken security.
    • Require MFA [CPG 2.H] for all services to the extent possible, particularly for webmail, virtual private networks (VPNs), and accounts that access critical systems.
      • Implement ICAM policies across the organization as a precursor to MFA.
    • Keep all operating systems, software, and firmware up to date; prioritize patching known exploited vulnerabilities in internet-facing systems [CPG 1.E].
      • Timely patching is efficient and cost effective for minimizing an organization’s exposure to cybersecurity threats.
    • Implement robust EDR capabilities on VMs, systems, and networks.
    • Segment networks [CPG 2.F] to prevent the spread of ransomware.
      • Network segmentation can help prevent the spread of ransomware by controlling traffic flows between—and access to—various subnetworks and by restricting adversary lateral movement.
    • Identify, detect, and investigate abnormal activity and potential traversal of the indicated ransomware [CPG 3.A] with a networking monitoring tool [CPG 2.T].
      • To aid in detecting ransomware, implement a tool that logs and reports all network traffic, including lateral movement activity on a network.
      • Implement EDR tools; these are useful for detecting lateral connections as they provide insight into common and uncommon network connections for each host.
    • Filter network traffic by preventing unknown or untrusted origins from accessing remote services on internal systems.
      • This prevents threat actors from directly connecting to remote access services that they have established for persistence.
    • Install, regularly update, and enable real time detection for antivirus software on all hosts.
    • Review domain controllers, servers, workstations, and active directories for new and/or unrecognized accounts.
    • Audit user accounts with administrative privileges and configure access controls according to the principle of least privilege [CPG 2.E].
    • Disable unused ports.
    • Consider adding an email banner to emails received from outside of your organization [CPG 2.M].
    • Disable hyperlinks in received emails.
    • Implement time-based access for accounts set at the admin level and higher; for example, the just-in-time (JIT) access method provisions privileged access when needed and can support enforcement of the principle of least privilege (as well as the Zero Trust model):
      • This is a process where a network-wide policy is set in place to automatically disable admin accounts at the Active Directory level when the account is not in direct need.
      • Individual users may submit their requests through an automated process that grants them access to a specified system for a set timeframe when they need to support the completion of a certain task.
    • Disable command line and scripting activities and permissions [CPG 2.N].
      • Disabling software utilities that run from the command line makes it more difficult for threat actors to escalate privileges and move laterally.
    • Maintain offline backups of data and regularly maintain backups and restorations [CPG 2.R]; this avoids severe service interruption and irretrievable data in the event of a compromise.
    • Ensure all backup data is encrypted, immutable (i.e., cannot be altered or deleted), and covers the entire organization’s data infrastructure [CPG 2.R].

    In addition to applying mitigations, the authoring agencies recommend exercising, testing, and validating your organization’s security program against the threat behaviors mapped to the MITRE ATT&CK for Enterprise framework in this advisory. The authoring agencies recommend testing your existing security controls inventory to assess how they perform against the ATT&CK techniques described in this advisory.

    To get started:

    1. Select an ATT&CK technique described in this advisory (see Table 5 through Table 16).
    2. Align your security technologies against the technique.
    3. Test your technologies against the technique.
    4. Analyze your detection and prevention technologies’ performance.
    5. Repeat the process for all security technologies to obtain a set of comprehensive performance data.
    6. Tune your security program, including people, processes, and technologies, based on the data generated by this process.

    The authoring agencies recommend continually testing your security program, at scale, in a production environment to ensure optimal performance against the MITRE ATT&CK techniques identified in this advisory.

    Your organization has no obligation to respond or provide information back to FBI in response to this joint advisory. If, after reviewing the information provided, your organization decides to provide information to FBI, reporting must be consistent with applicable state and federal laws.

    FBI is interested in any information that can be shared, to include boundary logs showing communication to and from foreign IP addresses, a sample ransom note, communications with threat actors, Bitcoin wallet information, decryptor files, and/or a benign sample of an encrypted file.

    Additional details of interest include a targeted company point of contact, status and scope of infection, estimated loss, operational impact, transaction IDs, date of infection, date detected, initial attack vector, and host- and network-based indicators.

    The authoring agencies do not encourage paying ransom as payment does not guarantee victim files will be recovered. Furthermore, payment may also embolden adversaries to target additional organizations, encourage other criminal actors to engage in the distribution of ransomware, and/or fund illicit activities. Regardless of whether you or your organization have decided to pay the ransom, FBI and CISA urge you to promptly report ransomware incidents to FBI’s Internet Crime Complain Center (IC3), a local FBI Field Office, or CISA via the agency’s Incident Reporting System or its 24/7 Operations Center (contact@mail.cisa.dhs.gov) or by calling 1-844-Say-CISA (1-844-729-2472).

    State, local, tribal, and territorial governments should report incidents to the MS-ISAC (SOC@cisecurity.org or 866-787-4722).

    HPH Sector organizations should report incidents to FBI or CISA but also can reach out to HHS at HHScyber@hhs.gov for cyber incident support focused on mitigating adverse patient impacts.

    The information in this report is being provided “as is” for informational purposes only. The authoring agencies do not endorse any commercial entity, product, company, or service, including any entities, products, or services linked within this document. Any reference to specific commercial entities, products, processes, or services by service mark, trademark, manufacturer, or otherwise, does not constitute or imply endorsement, recommendation, or favor by the authoring agencies. 

    Cisco Talos contributed to this advisory.

    July 22, 2025: Initial version.

    1 Elio Biasiotto, et. al., “Unwrapping the Emerging Interlock Ransomware Attack,” Talos Intelligence (blog), Cisco Talos, last modified November 7, 2024, https://blog.talosintelligence.com/emerging-interlock-ransomware/.

    2 Sekoia Threat Detection and Research team, “Interlock Ransomware Evolving Under the Radar,” Sekoia (blog), Sekoia, last modified April 16, 2025, https://blog.sekoia.io/interlock-ransomware-evolving-under-the-radar/.

    3 Yashvi Shah and Vignesh Dhatchanamoorthy, “ClickFix Deception: A Social Engineering Tactic to Deploy Malware,” McAfee Labs (blog), McAfee,last modified June 11, 2024, https://www.mcafee.com/blogs/other-blogs/mcafee-labs/clickfix-deception-a-social-engineering-tactic-to-deploy-malware/ and “HC3 Sector Alert: ClickFix Attacks,” Health Sector Cybersecurity Coordination Center, Department of Health and Human Services, last modified October 29, 2024, https://www.hhs.gov/sites/default/files/clickfix-attacks-sector-alert-tlpclear.pdf.

    4 Shah, “ClickFix Deception: A Social Engineering Tactic to Deploy Malware.”

    5 Sekoia Threat Detection and Research team, “Interlock Ransomware Evolving Under the Radar.

    6 Bill Toulas, “Interlock Ransomware Gang Deploys New NodeSnake RAT on Universities,“ Bleeping Computer, May 28, 2025, https://www.bleepingcomputer.com/news/security/interlock-ransomware-gang-deploys-new-nodesnake-rat-on-universities/.

    7 Biasiotto, “Unwrapping the Emerging Interlock Ransomware Attack.”

    8 International law-enforcement and Microsoft took down the Lumma Stealer malware in May 2025 by seizing internet domains the actors used to distribute the malware to actors and taking down domains that hosted the malware’s infrastructure. For more information, see Tara Seals, “Lumma Stealer Takedown Reveals Sprawling Operation,” Dark Reading, May 21, 2025, https://www.darkreading.com/cybersecurity-operations/lumma-stealer-takedown-sprawling-operation, and Steven Masada, “Disrupting Lumma Stealer: Microsoft Leads Global Action Against Favored Cybercrime Tool,” Microsoft On the Issues (blog), Microsoft, last modified May 21, 2025, https://blogs.microsoft.com/on-the-issues/2025/05/21/microsoft-leads-global-action-against-favored-cybercrime-tool/.

    9 Sekoia Threat Detection and Research team, “Interlock Ransomware Evolving Under the Radar.”

    10 Biasiotto, “Unwrapping the Emerging Interlock Ransomware Attack.”

    11 Biasiotto, “Unwrapping the Emerging Interlock Ransomware Attack.”

    12 Biasiotto, “Unwrapping the Emerging Interlock Ransomware Attack.”

    13 Biasiotto, “Unwrapping the Emerging Interlock Ransomware Attack.”

    14 Lawrence Abrams, “Meet Interlock — The New Ransomware Targeting FreeBSD Servers,” Bleeping Computer, November 3, 2024, https://www.bleepingcomputer.com/news/security/meet-interlock-the-new-ransomware-targeting-freebsd-servers/.

    15 Biasiotto, “Unwrapping the Emerging Interlock Ransomware Attack.”

    16 Graham Cluley, “Interlock Ransomware: What You Need to Know,” Fortra (blog), Fortra, last modified May 30, 2025, https://www.tripwire.com/state-of-security/interlock-ransomware-what-you-need-know.

    17 Sekoia Threat Detection and Research team, “Interlock Ransomware Evolving Under the Radar.”

    MIL Security OSI

  • MIL-OSI Africa: The International Islamic Trade Finance Corporation (ITFC) Reports Strong Results and Sustainability Progress in 2024 Annual Development Effectiveness Report

    Source: APO

    The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, announced the release of its 2024 Annual Development Effectiveness Report (ADER).

    The ADER serves as an essential reporting and transparency tool, enabling ITFC to measure, communicate, and continually refine its strategies and interventions for achieving sustainable development outcomes. The 2024 report highlights ITFC’s expanding role as a driver of sustainable trade, economic resilience, and inclusive growth across its member countries.

    “The ADER showcases ITFC’s ability to provide innovative, impactful solutions that address the complex needs of our member countries,” said Eng. Adeeb Y. Al Aama, Chief Executive Officer of ITFC. “While we celebrate key milestones, we are also assessing our interventions to ensure we continue advancing toward a more inclusive, resilient, and sustainable future.”

    Key Highlights of 2024 ADER

    In 2024, ITFC delivered tangible results, demonstrating its focus on resilience and economic inclusion. The key highlights include:

    • Filling Trade Finance Gaps. ITFC allocated US$2.66 billion, 38% of its total portfolio, to LDMCs, supporting inclusive growth. Additionally, US$268 million directly benefited over 380,000 smallholder farmers, enabling the procurement of 840,000 metric tons of local agricultural products.
    • Securing Critical Supply Chains. Disbursements to the energy sector amounted to US$4 billion, bringing reliable electricity to approximately 13.8 million households. Food security interventions provided over 5.6 million metric tons of essential commodities worth US$1.45 billion, benefiting more than 30 million households.
    • Strengthening Private Sector Participation. ITFC financed 312 small and medium enterprises (SMEs) and corporates through partnerships with 23 financial institutions, promoting financial inclusion and economic diversification.
    • Fostering Regional Integration. Intra-OIC trade financing reached US$4.8 billion. Through strategic programs such as the Arab Africa Trade Bridges (AATB) and the Aid for Trade Initiative for Arab States (AfTIAS), ITFC strengthened regional value chains and institutional capacities.
    • Investing in Capacity Development. Technical assistance and training initiatives reached over 3,100 individuals, a 32% increase from the previous year, with nearly 40% women participants.

    Embedding Sustainability into Core Operations

    The Corporation adopted its first Environmental and Social (E&S) Policy and launched a Ten-Year E&S Action Plan. A new governance structure was also introduced to guide implementation, laying the foundation for more responsible trade finance operations.

    Empowering Growth through the SDGs

    ITFC made significant strides in advancing multiple Sustainable Development Goals through its trade finance and development initiatives. Its efforts have helped reduce poverty (SDG 1), strengthen food security (SDG 2), and expand access to clean and affordable energy (SDG 7). By supporting smallholder farmers, empowering local economies, and promoting intra-OIC trade, ITFC has also played a key role in fostering strong global partnerships to accelerate sustainable development across member countries (SDG 17).

    The 2024 ADER affirms ITFC’s deepening commitment to transparency, sustainability, and measurable impact. As the Corporation looks ahead, it remains focused on bold innovation, collaborative partnerships, and leveraging Islamic finance to build a more inclusive and sustainable global trade ecosystem.

    Access the full English version here – https://ADER.ITFC-IDB.org

    Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

    Contact us:
    Tel: +966 12 646 8337  
    Fax: +966 12 637 1064   
    E-mail: ITFC@itfc-idb.org      

    Social media:
    Twitter: http://apo-opa.co/3GYB6PJ  
    Facebook: http://apo-opa.co/4f7UruK  
    LinkedIn: International Islamic Trade Finance Corporation (ITFC) (http://apo-opa.co/44Go3M4)  

    About the International Trade Finance Corporation (ITFC):
    The International Islamic Trade Finance Corporation (ITFC) is the trade finance arm of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$83 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.  

    Media files

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    MIL OSI Africa

  • MIL-OSI Russia: There are no advantages – 40% of Russians do not see the advantages of the digital ruble

    Translation. Region: Russian Federal

    Source: Mainfin Bank –

    An important disclaimer is at the bottom of this article.

    What pros and cons do Russians see in the new digital currency?

    The citizens surveyed believe that the new currency, which is to be launched in the foreseeable future, has its advantages. 10% of respondents named security, reliability, protection from fraudsters as advantages, another 3% each – ease of payments and the possibility of state control. There were significantly more disadvantages:

    12% of Russians noted a low level of personal data protection; excessive control by the state – 8%; linking of electronic wallets to the Internet – 6%; difficulty of use – 4% of citizens.

    Only 6% of survey participants did not see any disadvantages to the new form of payment – the same result was recorded a year earlier. The majority of citizens are wary of digital assets, and consider state control over the personal finances of the population to be excessive.

    How do citizens rate their readiness to use digital rubles?

    Russians also assessed their own awareness of the electronic ruble – 7% of citizens know well how the new currency works, 45% have a general idea, 43% have only heard the term. At the same time, few Russians want to personally use digital rubles:

    24% would definitely not like to use a new form of payment; 27% said that they are rather not ready for experiments; another 14% of respondents found it difficult to answer; 26% of Russians are generally not against using the digital ruble; only 9% of people definitely want to try electronic currency.

    According to the survey results, only 35% of respondents agree to use digital rubles. It is interesting that over the past two years, this figure has increased – previously, only 30% of Russians expressed such readiness.

    Why are Russians wary of the digital ruble?

    Experts assured that the skepticism of the population is the result of low awareness of digital assets: people are afraid of everything unknown, especially in the area of personal finance. The possibility of total state control also raises concerns, although the authorities promise that the level of supervision will be the same as in the banking system.

    “It is necessary to conduct explanatory work and build up the information campaign as the digital ruble is prepared for a large-scale launch,” the Central Bank of the Russian Federation stated.

    Let us recall that the project was supposed to start on July 1, but the regulator was forced to postpone the deadline due to the banks’ unpreparedness to work with the platform. Now the Central Bank of the Russian Federation proposes to introduce the digital ruble no later than September 1, 2026. There is still more than a year left until the new deadline, but experts doubt that even then the new form of payment will be available to every citizen – commercial banks are actively opposing the project’s implementation due to the risk of a significant reduction in commission income.

    12:00 07/22/2025

    Source:

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI USA: Next Phase of Star Tax Relief Rolls Out

    Source: US State of New York

    overnor Kathy Hochul today announced the start of phase two of the School Tax Relief (STAR) program benefit season. Eligible homeowners in communities with school tax due dates in August or September will start receiving their STAR benefit in the coming weeks. Most homeowners eligible for a STAR credit will receive a check between $350 and $600. Most seniors eligible for an Enhanced STAR credit will receive a check between $700 and $1,500. STAR recipients can visit ny.gov/STAR to track their check delivery or enroll in direct deposit.

    “The STAR program provides needed school tax relief to millions of New York homeowners — and the program is now in full swing,” Governor Hochul said. “During a time of financial uncertainty due to funding cuts by Republicans in Washington, my administration is putting money back in the pockets of families with check and credit deliveries continuing to go out to hundreds of thousands of homeowners statewide.”

    New York State Department of Taxation and Finance Acting Commissioner Amanda Hiller said, “Visit our STAR resource page to sign up for STAR if you are a new homeowner and, if you’re an existing homeowner, to check on when your STAR credit or direct deposit will arrive.”

    Senate Majority Leader Andrea Stewart-Cousins said, “At a time when Republicans in Washington are slashing funding and leaving working families with uncertainty, the STAR program remains a lifeline for millions of homeowners, helping ease the burden of rising property taxes and helping working families stay afloat. With phase two of STAR benefits now underway, checks and credits of up to $1,500 are reaching hundreds of thousands of households. The Senate Democratic Majority worked closely with Governor Hochul and our colleagues in the Assembly to ensure that, in addition to STAR, we also delivered Inflation Rebate Checks, expanded child care assistance, and boosted child tax credits. These initiatives reflect our dedication to putting more money back in the pockets of hardworking New Yorkers.”

    Assembly Speaker Carl Heastie said, “While the administration in Washington is creating financial uncertainty for families across the country, here in New York, we’re working to put money back in the pockets of New York families. Because of the STAR program, more than three million homeowners across the state will receive $2.2 billion in tax relief, easing the financial burden on families and putting money back into our communities.”

    Phase one saw STAR credits and checks delivered to parts of the state with school tax due dates in June and July – including New York City, Yonkers, Buffalo, Rochester, and Syracuse. STAR deliveries to these regions were completed last week.

    The STAR program provides property tax relief to eligible New York State homeowners. During STAR benefit season, which runs from June to November, nearly three million homeowners will receive more than $2.2 billion in property tax relief through the program.

    Homeowners who are eligible and enrolled in the STAR program receive their benefit each year in one of two ways: as an exemption that reduces their school tax bill, or as a credit issued as a check or direct deposit.

    Those who receive the STAR credit as a check or direct deposit can visit the STAR Credit Delivery Schedule to learn when credits will be issued in their area. Property owners who are looking for details about STAR credits that have already been issued should visit the Property Tax Credit Lookup.

    Enroll in STAR Direct Deposit

    Homeowners can enroll in the STAR Credit Direct Deposit program through the Homeowner Benefit Portal within the Tax Department’s secure Online Services system. Homeowners can also use the Homeowner Benefit Portal to manage their STAR benefits easily and efficiently.

    The direct deposit option enables eligible STAR credit recipients to get their STAR credits without having to wait for and cash a check. To ensure they receive their STAR credit by direct deposit this year, homeowners should enroll as soon as possible. Homeowners who enroll fewer than 15 days before their STAR credit is issued will receive a check this year and direct deposit will begin next year. To find out when STAR credits will be issued in your area, use the STAR Credit Delivery Schedule lookup.

    Regional breakdown of this year’s $2.2 billion in STAR tax relief for nearly three million New Yorkers:

    REGION STAR TAX RELIEF RECIPIENTS
    Capital District $144.5 million 242,000
    Central New York $131.1 million 176,000
    Finger Lakes $205.2 million 279,000
    Long Island $698.4 million 582,000
    Mid-Hudson $488.5 million 404,000
    Mohawk Valley $66.3 million 101,000
    New York City $158.6 million 483,000
    North Country $47.2 million 88,000
    Southern Tier $109.6 million 156,000
    Western New York $178.5 million 320,000
    TOTAL $2.2 BILLION 2.83 MILLION

    State Senator Leroy Comrie said, “This next phase of the STAR program is welcome news for homeowners across Southeast Queens. Putting money back in people’s pockets helps ease the burden of rising costs and lets families stay rooted in the communities they’ve built their lives in. I thank Governor Hochul for keeping this commitment to New Yorkers.”

    State Senator Roxanne J. Persaud said, “This vital tax relief means eligible homeowners, especially seniors, can expect to receive their STAR or Enhanced STAR payments in the coming weeks. Nearly three million New Yorkers will receive over $2.2 billion this season, which is real support that eases financial strain and puts money back into our communities.”

    State Senator Luis R. Sepúlveda said, “I am pleased by Governor Kathy Hochul’s announcement of the next phase of the STAR tax relief program, which will directly benefit nearly three million New Yorkers. This program is putting money directly into the pockets of the working families and seniors who need it most. In communities like ours, in the Bronx, where the rising cost of living continues to affect so many people, this assistance means much more than just a check — it is essential financial relief that can make the difference between stability and hardship.”

    State Senator Shelley B. Mayer said, “I am pleased that millions of New Yorkers, including over 400,000 residents in the Hudson Valley, receive tax relief this summer and fall through the New York School Tax Relief (STAR) program. Many families in Westchester struggle with the high cost of living, and the STAR program will offer much-needed assistance. I encourage those eligible for STAR to enroll in direct deposit to simplify the process of receiving your STAR checks. I would also like to thank Governor Kathy Hochul for her commitment towards a hassle-free program that helps alleviate the burden of property taxes.”

    State Senator Rachel May said, “The STAR program helps make homeownership more affordable for seniors and families across New York. In Central New York, this kind of targeted tax relief makes a real difference. I’m grateful to Governor Hochul for continuing to support a program that helps so many of our neighbors stay in their homes.”

    State Senator Robert Jackson said, “In a state where working families shoulder some of the highest property taxes in the nation, this next phase of STAR is more than a benefit—it’s real relief. This is government at its best: directly returning hard-earned dollars to those who sustain our communities. From the Bronx to Buffalo, from seniors relying on fixed incomes to young families striving for stability, these checks aren’t just policy—they embody the principle that public dollars must serve the public good. I commend Governor Hochul and the Legislature for coming together and demonstrating precisely what good governance looks like—putting meaningful resources directly into the hands of the people we represent.”

    State Senator Jeremy Cooney said, “The STAR program is one of many ways we are tackling affordability in New York and making our state a place where everyone is able to live and thrive. With billions in relief being sent out, including over $205 million for the Finger Lakes region, I want to thank Governor Hochul for putting money back in the pockets of New Yorkers and for her commitment to increasing the quality of life across our state.”

    State Senator Michelle Hinchey said, “Over $630 million in property tax relief is headed straight to homeowners in the Mid-Hudson Valley and Capital Region, and I’m proud to have fought for it. For seniors on fixed incomes and working families trying to keep up, putting money back into people’s pockets through the STAR program is critical to making life more affordable. We’ll keep pushing to deliver the tax relief New Yorkers deserve through this program and beyond.”

    State Senator Lea Webb said, “The STAR program continues to be a vital lifeline for hardworking families and seniors across the Southern Tier, and I’m proud to see the second phase of disbursements reaching residents in my district. This additional round of tax relief helps ease the financial burden for millions of New Yorkers. It means more breathing room in family budgets and peace of mind for seniors. Whether it’s paying for essentials, catching up on bills, or planning for the future, this support strengthens our communities and helps people remain in the homes they’ve worked so hard to maintain.”

    State Senator April N.M. Baskin said, “Thanks to Governor Hochul, a substantial number of New York residents, including 320,000 in Western New York, will have more money in their pockets over the next few months because of the STAR tax relief program. In these uncertain economic times, this program is particularly helpful to working families and older residents who benefit from such meaningful financial relief.”

    State Senator Christopher Ryan said, “This is real, meaningful tax relief for Central New York homeowners. More than 176,000 families in our region will see a total of $131 million coming back to them through the STAR program. Whether you’re a senior on a fixed income or a working family trying to stay ahead, this puts money back in your pocket when it’s needed most. I’ll keep fighting to make sure programs like this continue to deliver for our communities.”

    Assemblymember Charles D. Lavine said, “This is welcome news for tens of thousands of hard-working families and seniors right here in Nassau County. Thanks to Governor Hochul’s continued commitment to this program and the economic needs of residents, real money will soon be back in their pockets which they can use however they would like.”

    Assemblymember Harry B. Bronson said, “Making New York more affordable for our seniors and middle-class families is one of my highest priorities. Phase 2 of the STAR Tax Relief Program, funded through the New York State budget, will deliver relief to thousands of residents in Monroe County and the City of Rochester, putting much-needed money back in people’s pockets as we head into the cooler days of fall. I am proud to have worked alongside my State Legislative colleagues and Governor Hochul to continue this critical tax cut.”

    Assemblymember Steve Otis said, “This announcement shares the next phase of STAR tax relief payments funded in this year’s budget by Governor Hochul, the Assembly and Senate. The focus of our adopted state budget was to address affordability issues for New York families through a range of state programs. I continue to focus on delivering state dollars directly to Westchester families and through state assistance to local governments and school districts to help lower the burden of property taxes. Established decades ago, Basic STAR and Enhanced STAR help reduce the burden of school property taxes across the state.”

    Assemblymember Rodneyse Bichotte Hermelyn said, “Governor Hochul’s rollout of Phase 2 of the STAR Tax Relief Program, represents a critical investment in the well-being of New York homeowners – particularly our seniors living on fixed incomes and hardworking families striving every day to make ends meet. At a time when the cost of living continues to rise, this property tax relief helps ensure residents can remain in their homes and maintain long-term financial stability. The STAR program does more than deliver a check—it delivers tranquility and strengthens the very foundation of our neighborhoods. I applaud Governor Hochul for prioritizing this vital support and for ensuring that these benefits are delivered efficiently and equitably to millions of New Yorkers.”

    Assemblymember Al Taylor said, “At a time when working families and seniors are feeling the weight of inflation, the STAR tax relief program is delivering real, tangible help. Phase 2 will bring hundreds of dollars in direct relief to millions of New Yorkers, including nearly half a million right here in New York City. I commend Governor Hochul for advancing this vital program and ensuring that homeowners, especially our seniors on fixed incomes, get the support they deserve. This is what government should do: make life more affordable and help people stay in their homes.”

    Assemblymember Clyde Vanel said, “Queens families continue to face rising costs. This next round of STAR tax relief comes at a critical time for all of them. I applaud Governor Hochul’s commitment to easing the burden on homeowners across New York State. Nearly three million New Yorkers, including thousands right here in Queens, will feel real financial relief this summer and fall.”

    Assemblymember Harvey Epstein said, “As the cost of living continues to increase in our state, it is important to put money back in the pockets of New Yorkers. The STAR tax credit will offer property tax relief to many homeowners who need it.”

    Assemblymember Jenifer Rajkumar said, “Governor Hochul is delivering real, meaningful relief to millions of New Yorkers. At a time when families are feeling the pinch, the Governor’s leadership is putting money back in people’s pockets, making life more affordable, and opening up opportunities for working families. By easing the burden of school property taxes, she is helping New Yorkers build a stronger future — with more financial security and more resources to invest in their families and communities. This is what people-first government looks like.”

    Assemblymember Jessica González-Rojas said, “As the second phase of the STAR Tax Credit rebate check distribution commences, I commend Governor Hochul, Speaker Heastie and my colleagues for ensuring New York homeowners get the support, especially in the midst of economic turmoil. The STAR rebate check disbursement is an opportunity to support homeowners throughout New York State. A $350 check can make a big difference for many families today. Thank you to all who helped make this happen so we can provide more relief to all New Yorkers.”

    Assemblymember Yudelka Tapia said, “Putting money back in the pockets of New Yorkers is one of the most important things we can do to help families put food on the table and keep our state affordable. Here in New York City, nearly half a million homeowners are receiving over $158 million in property tax relief. I applaud Governor Hochul for moving this effort forward and delivering for working families across every corner of our state.”

    Assemblymember Dana Levenberg said, “My constituents are extremely concerned about affordability, especially in light of the devastating cuts to the federal assistance programs on which many households rely to make ends meet. I am proud that in New York, we are looking out for your bottom line providing STAR program tax relief totaling $2.2 billion across the state, with payments coming via direct deposit, credit on your school tax bill, or a check in your mailbox in the coming weeks.”

    Assemblymember Gabriella A. Romero said, “I’m proud to see the successful implementation of phase two of the School Tax Relief (STAR) program across New York State begin this month. This important investment focuses on those most affected by rising school taxes, providing real, lasting relief. I’m honored to stand with Governor Hochul and my colleagues in the State Legislature for securing its place in this year’s budget.”

    Assemblymember MaryJane Shimsky said, “Some recipients have already received the STAR benefit in the form of a tax exemption this year, but many others will receive it by check in the coming weeks and months. With major funding cuts coming from Washington, this benefit will be even more crucial as our households struggle harder to make ends meet. I urge our homeowners to check their eligibility for both Basic STAR and Enhanced STAR, and to consult the delivery schedule for their area.”

    MIL OSI USA News

  • MIL-OSI Economics: President Trump Recognizes Fannie Mae’s Chairman for Leadership in Housing Market

    Source: Fannie Mae

    WASHINGTON, DC – On Sunday, President Trump congratulated Bill Pulte, Fannie Mae’s chairman and director of U.S. Federal Housing, acknowledging the work he’s doing for the housing market and people across the country.

    The message recognized the “outstanding” work Director Pulte has done since the president appointed him earlier this year to lead U.S. Federal Housing and encouraged him to keep moving forward. Since he was confirmed, Director Pulte has led Fannie Mae’s efforts to be a more efficient company focused on its core mission.

    With $4.4 trillion in total assets, Fannie Mae provides a reliable source of affordable mortgage credit that supports homebuyers and renters across the country. The company is foundational to the housing market in the United States. The housing market generally makes up 15-18% of the United States’ GDP, so a strong housing market means a stronger American economy.

    MIL OSI Economics

  • MIL-OSI China: 15th China-Northeast Asia Expo to open on Aug. 27

    Source: People’s Republic of China – State Council News

    15th China-Northeast Asia Expo to open on Aug. 27

    BEIJING, July 22 — The 15th China-Northeast Asia Expo will be held in Changchun City, Jilin Province, from Aug. 27 to 31, the Ministry of Commerce announced at a press conference Tuesday.

    Highlighting the importance of the expo, Vice Minister of Commerce Yan Dong said that Northeast Asian countries share geographical proximity, cultural bonds and strong commercial ties, with complementary strengths in resources and enormous potential for regional economic cooperation.

    Yan noted that practical cooperation between China and other Northeast Asian countries has deepened across various fields, maintaining positive momentum in economic and trade exchanges.

    Trade between China and the five Northeast Asian countries reached 901.6 billion U.S. dollars in 2024, up 1.6 percent year on year, accounting for nearly 15 percent of China’s total foreign trade. China has maintained its position as the largest trading partner for all five countries, with the Republic of Korea and Japan ranking as its second and third-largest trading partners, respectively.

    Two-way investment between China and the five countries exceeded 7 billion U.S. dollars in 2024, with cooperation expanding into emerging fields including digital economy, green development, advanced manufacturing and modern services.

    Yang Andi, vice governor of Jilin, said the expo will bring together over 8,000 business representatives from 42 countries and regions globally, as well as 27 provincial-level regions across China. So far, 2,796 exhibition booths have been confirmed, completing 80 percent of the exhibition preparation work.

    A key highlight of this expo will be the first-ever modern industries pavilion, featuring leading firms, including Fortune 500 companies, Yang added. The pavilion will spotlight the transformation of traditional industries through smart and green upgrades, achievements in new quality productive forces, and the development of collaborative innovation ecosystems.

    Li Xingqian, vice chairman of the China Council for the Promotion of International Trade, said the council has actively facilitated the deep integration of industrial and supply chains among Northeast Asian countries. In the first half of this year, the council supported more than 115 exhibition projects in Northeast Asian countries, involving over 4,000 Chinese enterprises.

    The expo, jointly organized by the Ministry of Commerce, China Council for the Promotion of International Trade, and the Jilin provincial government, is celebrating its 20th anniversary this year. It remains the world’s only comprehensive international expo jointly attended by all six Northeast Asian countries and open to participants from around the globe.

    “We aim to use the expo as an opportunity to further build consensus, expand cooperation, and promote common development between China and Northeast Asian countries,” Yan said.

    MIL OSI China News

  • MIL-OSI Submissions: People with MS and other fluctuating health conditions are often forced to quit their jobs when they want to work

    Source: The Conversation – UK – By Alice Martin, Head of Research, Work Foundation, Lancaster University

    Andrey_Popov/Shutterstock

    Plans to cut health-related benefits in the UK continue to give the government political grief – as well as being a huge worry for claimants. Underpinning the controversy are government plans to move more people into work with a long-term ambition of 80% employment.

    But cutting welfare costs is a blunt and unhelpful way to face the challenge of increasing employment among people with long-term health conditions.

    For people with fluctuating and often invisible conditions such as multiple sclerosis (MS), welfare and work are not opposed. They are usually part of the same life journey – one that is rarely linear and requires systems and supports that are flexible, not punitive.

    This was the focus of a recent study led by my research colleague Aman Navani and the MS Society. It is a major UK survey of people with MS with more than 1,100 respondents, and highlights systemic failures in workplace support and welfare systems.


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    Because of its fluctuating nature, MS can act as an important case study to understand how work should accommodate people’s evolving health needs. It also offers lessons that are relevant to a wide array of other conditions.

    Cases of MS are rising globally. Around 150,000 people in the UK live with the condition, which affects the central nervous system and causes pain, mobility problems, cognitive issues and fatigue.

    Women are more likely to have MS, which is usually diagnosed in people in their 30s or 40s. These, of course, are peak working years.

    The vast majority of people with MS (96%) who participated in our study reported that their condition has affected their ability to work. This is because MS can make commuting and navigating workplace environments challenging, and physical and mental health impacts often overlap.

    Managing symptoms such as cognitive changes, pain and restricted mobility can contribute to anxiety and depression. All of these things put additional strain on the working lives of those affected.

    For a quarter of respondents (24%), MS had such a severe effect that they felt unable to work at all. Worryingly, one in two people said they have compromised their health by staying in a job.

    For many, leaving work is the only solution they can see. More than one-quarter (26%) cited unmanageable workloads, 19% could not afford to stay in work due to low pay, 20% lacked flexible hours, and for 22% the flexibility they were offered did not meet their needs.

    Just 8% said their employer helped them adapt their job to suit their health, and only 2% had progression opportunities tailored to their condition. But nearly half (45%) of those who left work said they could have stayed if their employer had understood their condition better.

    Almost half (46%) of respondents who were in work had used the personal independence payment (Pip) as a lifeline. This is an allowance that helps people with the extra living costs associated with having a disability. Under the government’s plans, conditions will be tightened for new claimants.

    Designing better jobs

    Living with a fluctuating condition requires constant adaptation, from coping with exhaustion to managing the extra time and cost of daily activities. As such, the way jobs are designed matters.

    A government report has said that one-quarter of those who are out of work and claiming health and disability benefits might be able to work if they could do so from home.

    The rise of remote and hybrid work has indeed been a lifeline for some disabled workers. A recent major study of people who are classified as disabled highlights just how vital this change has been for them: 85% said remote or hybrid work was essential or very important when job hunting, and 79% wouldn’t apply for roles without it.

    Among those working fully remotely, 64% said their physical health improved. Homeworking was valued by those with fluctuating conditions such as MS, and for disabled women and carers in particular, full-time homeworking was their preference.

    But these gains are precarious. Growth in hybrid roles has stalled and some employers are grabbing headlines with “return-to-office” mandates even at the risk of losing key members of their workforce.

    Return-to-office mandates can force some workers to navigate a challenging commute.
    AlvaroRT/Shutterstock

    Nearly one in four working-age people in the UK are disabled. Work and welfare must be designed from the perspective of this growing and diverse cohort – ensuring financial security for people with health conditions, both in work and out of work.

    Expanding and protecting access to secure and flexible jobs is key, including remote and hybrid roles, baking these models into more sectors of the economy. The government could lead by example with public sector workers, and protect jobs from knee-jerk employer mandates.

    In January this year, only 3.8% of vacancies on the Department for Work and Pensions jobs portal included an option for hybrid or remote work.

    Finally, it’s vital to improve job design and in-work support, with effective occupational health systems, consultation with workforces, normalising shorter working weeks and time off.

    This would enable people with fluctuating conditions to attend appointments, recuperate and even take career breaks without harming their careers. For this, the UK needs a benefits system that supports movement in and out of work, avoiding financial cliff edges.

    Too many people with MS and similar conditions who can and want to work are forced to leave jobs early due to inadequate support. They face a trade-off between progressing their working life and managing their health. The challenge for government and employers now is to remove this tension.

    Alice Martin works for the Work Foundation think tank at Lancaster University, which received funding from MS Society to conduct the research.

    ref. People with MS and other fluctuating health conditions are often forced to quit their jobs when they want to work – https://theconversation.com/people-with-ms-and-other-fluctuating-health-conditions-are-often-forced-to-quit-their-jobs-when-they-want-to-work-259083

    MIL OSI

  • MIL-OSI Submissions: What are education and health care plans and why are parents worried about them being scrapped?

    Source: The Conversation – UK – By Jonathan Glazzard, Rosalind Hollis Professor of Education for Social Justice, University of Hull

    Drazen Zigic/Shutterstock

    For children in England with special educational needs and disabilities, an education and health care plan (EHCP) is a central pillar of support. The government is due to set out its educational strategy for children with special educational needs and disabilities in the autumn, though, and has not ruled out scrapping ECHPs. Their removal would signal radical change in how the system works in England.

    ECHPs are individualised plans that set out the needs of a particular child and the support they should receive – from education, health services and social care – in order have the best opportunity to thrive. But demand for ECHPs is soaring and providing support is proving financially catastrophic for local authorities.

    One of the criticisms of EHCPs is that they prioritise providing children with individual models of support, rather than developing inclusive cultures within schools and within the broader education system. Education secretary Bridget Phillipson has outlined a vision of building a system where more children with special educational needs and disabilities can attend mainstream schools.

    But removing ECHPs leads to the possibility of children who need more specialist support missing out.


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    To secure an ECHP, local authorities carry out a statutory assessment to determine whether a child’s needs warrant additional support. An assessment does not always lead to an EHCP, but if one is issued, it must outline how the child’s needs will be met and the additional resources needed to do so.

    These resources might include funding to provide a child with a teaching assistant, funding for equipment and transport to school, or funding to go to a specialist school. This system of support helps school leaders ensure that children and young people have the right support, at the right time.

    According to a report published earlier this year, the demand for EHCPs has risen by 140% since 2015. Recent data shows that there are 482,640 children and young people in England with an EHCP.

    Many more children have special educational needs, but do not have an ECHP. These pupils are classed as receiving special educational needs support. The percentage of pupils with an EHCP has increased to 5.3%, from 4.8% in 2024. The percentage of pupils with special educational needs support has increased to 14.2%, from 13.6% in 2024.

    Despite government investment of £10.7 billion to local authorities in 2024-25, a House of Commons committee report outlines that long waiting times for assessments, as well as to access support such as speech and language therapy, has led to parents losing confidence in the system.

    Support may include equipment or additional sessions.
    ABO PHOTOGRAPHY/Shutterstock

    Funding is allocated to each local authority from central government to fund provision in their areas. It is for local authorities, in consultation with their schools, to determine the individual allocation to schools. However, local authorities are struggling to meet the increased demand for EHCPs. Even when funding is allocated through EHCPs, it is not always sufficient to address the needs of those with complex needs.

    And funding is not sufficient to meet demand. Local authorities have accumulated huge deficits due to spending exceeding funding, placing some at risk of going bankrupt.

    Future plans

    Bridget Phillipson has refused to be drawn on whether EHCPs will be axed. “What I can say very clearly,” she has said, “is that we will strengthen and put in place better support for children.”

    Building more inclusive schools is obviously one way of achieving this vision. If scrapping EHCPs means less funding for children for special educational needs and disabilities, though, this cannot be the answer. Children need more support, not less, to enable them to thrive.

    The solution is for the government to work out what models of inclusion work well in mainstream schools and to decide how these can be resourced and evaluated. Clarity is also needed on inclusion in mainstream schools can be measured in order to assess whether it is working.

    Making more support in mainstream schools work also requires an adequate supply of knowledgeable, well-trained teachers. The government is prioritising this through revision to initial teacher education courses, with an emphasis on all teachers being teachers of special educational needs.

    If the government doesn’t get this right, the result may be poorer educational and long-term outcomes for pupils with special educational needs and disabilities. It may also lead to issues with teacher recruitment and retention in mainstream schools, particularly if teachers feel that they do not have the level of support in place that they need to meet the needs of their pupils.

    Jonathan Glazzard 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. What are education and health care plans and why are parents worried about them being scrapped? – https://theconversation.com/what-are-education-and-health-care-plans-and-why-are-parents-worried-about-them-being-scrapped-260622

    MIL OSI

  • MIL-OSI USA: Cammack Applauds $675.9 Million in Disaster Relief for Florida Farmers

    Source: United States House of Representatives – Congresswoman Kat Cammack (R-FL-03)

    Washington, DC — Today, Congresswoman Kat Cammack (FL-03) released the following statement following U.S. Secretary of Agriculture Brooke Rollins’ announcement of $675.9 million in federal disaster assistance for Florida farmers impacted by Hurricanes Idalia, Debby, Helene, and Milton:

    “Florida’s agriculture industry isn’t just the backbone of our state’s economy—it’s a cornerstone of our national food security. From citrus growers and cattle ranchers to timber operations and family farms, the devastation from back-to-back storms has been overwhelming. This $675.9 million investment will go a long way in helping our producers rebuild infrastructure, recover lost income, and stay in business,” said Congresswoman Cammack. “I want to thank President Trump, Secretary Rollins, and our state partner, Agriculture Commissioner Wilton Simpson, for recognizing the urgent needs on the ground and delivering the targeted, meaningful relief our ag community needs and deserves.”
     
    Background:

    As the lone voice for Florida Agriculture at the federal level, Congresswoman Cammack has championed policies and relief for Florida’s agricultural community—from securing disaster assistance and pushing back against unfair trade practices to advancing pro-farmer policies through her work on the House Agriculture and Energy and Commerce Committees.

    The disaster funding, made possible through the American Relief Act of 2025, is part of a broader $30 billion USDA initiative to assist producers across 14 states recovering from extreme weather events. Florida’s share of the block grant will be used to cover losses in infrastructure, citrus, timber, and direct-to-market sales not addressed by other USDA programs.

    ###

    MIL OSI USA News

  • MIL-OSI United Nations: Secretary-General’s remarks on Climate Action “A Moment of Opportunity: Supercharging the Clean Energy Age” [as delivered; scroll down for All-French]

    Source: United Nations secretary general

    Excellencies,

    Ladies and gentlemen,

    Friends joining us from around the world,  

    The headlines are dominated by a world in trouble. 

    By conflict and climate chaos.

    By rising human suffering.

    By growing geo-political divides.

    But amidst the turmoil, another story is being written.

    And its implications will be profound.

    Throughout history, energy has shaped the destiny of humankind – from mastering
    fire, to harnessing steam, to splitting the atom.

    Now, we are on the cusp of a new era. 

    Fossil fuels are running out of road.

    The sun is rising on a clean energy age.

    Just follow the money.

    $2 trillion went into clean energy last year – that’s $800 billion more than fossil fuels, and up almost 70% in ten years.

    And new data released today from the International Renewable Energy Agency shows that solar – not so long ago four times the cost of fossil fuels – is now 41% cheaper.

    Offshore wind – 53%.

    And over 90% of new renewables worldwide produced electricity for less than the cheapest new fossil fuel alternative.

    This is not just a shift in power.  This is a shift in possibility.

    Yes, in repairing our relationship with the climate.

    Already, the carbon emissions saved by solar and wind globally are almost equivalent to what the whole European Union produces in a year.

    But this transformation is fundamentally about energy security and people’s security.

    It’s about smart economics.

    Decent jobs, public health, advancing the Sustainable Development Goals. 

    And delivering clean and affordable energy to everyone, everywhere.

    Today, we are releasing a special report with the support of UN agencies and partners — the International Energy Agency, the IMF, IRENA, the OECD and the World Bank.

    The report shows how far we have come in the decade since the Paris Agreement sparked a clean energy revolution.  And it highlights the vast benefits – and actions needed – to accelerate a just transition globally.

    Renewables already nearly match fossil fuels in global installed power capacity.

    And that’s just the beginning. 

    Last year, almost all the new power capacity built came from renewables. 

    And every continent on Earth added more renewables capacity than fossil fuels.

    The clean energy future is no longer a promise.  It’s a fact. 

    No government.  No industry.  No special interest can stop it. 

    Of course, the fossil fuel lobby of some fossil fuel companies will try – and we know the lengths to which they will go.

    But I have never been more confident that they will fail – because we have passed the point of no return.  

    For three powerful reasons. 

    First, market economics.

    For decades, emissions and economic growth rose together.

    No more.

    In many advanced economies, emissions have peaked, but growth continues.

    In 2023 alone, clean energy sectors drove 10% of global GDP growth.

    In India, 5%.  The United States, 6%. China – a leader in the energy transition – 20%.

    And in the European Union, nearly 33%.

    And clean energy sector jobs now outnumber fossil fuel jobs – employing almost 35 million people worldwide.

    Even Texas – the heart of the American fossil fuel industry – now leads the US in renewables.

    Why?  Because it makes economic sense.

    And yet fossil fuels still enjoy a 9 to 1 advantage in consumption subsidies globally – a clear market distortion. 

    Add to that the unaccounted costs of climate damages on people and planet – and the distortion is even greater.

    Countries that cling to fossil fuels are not protecting their economies – they are sabotaging them.

    Driving up costs.

    Undermining competitiveness.

    Locking-in stranded assets.

    And missing the greatest economic opportunity of the 21st century.

    Excellencies,
    Dear friends,

    Second — renewables are here to stay because they are the foundation of energy security and sovereignty.

    Let’s be clear:  The greatest threat to energy security today is in fossil fuels.

    They leave economies and people at the mercy of price shocks, supply disruptions, and geopolitical turmoil. 

    Just look at Russia’s invasion of Ukraine.  

    A war in Europe led to a global energy crisis.

    Oil and gas prices soared.

    Electricity and food bills followed.
     
    In 2022 average households around the world saw energy costs jump 20%. 

    Modern and competitive economies need stable, affordable energy.  Renewables offer both.

    There are no price spikes for sunlight.

    No embargoes on wind.

    Renewables can put power – literally and figuratively – in the hands of people and governments.

    And almost every nation has enough sun, wind, or water to become energy self-sufficient.

    Renewables mean real energy security.  Real energy sovereignty. And real freedom from fossil-fuel volatility.

    Dear friends,

    The third and final reason why there is no going back on renewables:  Easy access.

    You can’t build a coal plant in someone’s backyard.

    But you can deliver solar panels to the most remote village on earth.

    Solar and wind can be deployed faster, cheaper and more flexibly than fossil fuels ever could.

    And while nuclear will be part of the global energy mix, it can never fill the access gaps.

    All of this is a game-changer for the hundreds of millions of people still living without electricity – most of them in Africa, a continent bursting with renewable potential.

    By 2040, Africa could generate 10 times more electricity than it needs – entirely from renewables.   

    We are already seeing small-scale and off-grid renewable technologies lighting homes, and powering schools and businesses in remote areas.

    And in places like Pakistan for example, people-power is fueling a solar surge – consumers are driving the clean energy boom. 

    Excellencies,
    Dear friends,

    The energy transition is unstoppable.

    But the transition is not yet fast enough or fair enough. 

    OECD countries and China account for 80% of renewable power capacity installed worldwide.

    Brazil and India make up nearly 10%.

    Africa — just 1.5%.

    Meanwhile, the climate crisis is laying waste to lives and livelihoods.

    Climate disasters in small island states have wiped out over 100% of GDP. 

    In the United States, they are pushing insurance premiums through the roof. 

    And the 1.5 degree limit is in unprecedented peril.

    To keep it within reach, we must drastically speed up the reduction of emissions – and the reach of the clean energy transition.

    With manufacturing capacity racing, prices plummeting, and COP30 fast approaching…

    This is our moment of opportunity.

    We must seize it.

    We can do so by taking action in six opportunity areas.  

    First – by using new national climate plans to go all-out on the energy transition. 

    Too often, governments send mixed messages:

    Bold renewable targets on one day.  New fossil fuel subsidies and expansions the next. 

    The next national climate plans, or NDCs, are due in a matter of months.

    They must bring clarity and certainty.

    G20 countries must lead.  They produce 80% of global emissions. 

    The principle of common but differentiated responsibilities must apply but every country must do more.

    Ahead of COP30 in Brazil this November, they must submit new plans.

    I invite leaders to present their new NDCs at an event I will host in September, during General Assembly High-level week. These must:

    Cover all emissions, across the entire economy.

    Align with the 1.5 degree limit.

    Integrate energy, climate and sustainable development priorities into one coherent vision.

    And deliver on global promises:

    To double energy efficiency and triple renewables capacity by 2030.

    And to accelerate the transition away from fossil fuels.

    These plans must be backed by long-term roadmaps for a just transition to net-zero energy systems – in line with global net-zero by 2050.

    And they must be underpinned by policies that show that the clean energy future is not just inevitable – but investable. 

    Policies that create clear regulations and a pipeline of projects.

    That enhance public-private partnerships – unlocking capital and innovation.

    That put a meaningful price on carbon.

    And that end subsidies and international public finance for fossil fuels – as promised. 

    Second, this is our moment of opportunity to build the energy systems of the 21st century. 

    The technology is moving ahead.   

    In just fifteen years, the cost of battery storage systems for electricity grids has dropped over 90%. 

    But here’s the problem. 

    Investments in the right infrastructure are not keeping up. 

    For every dollar invested in renewable power, just 60 cents go to grids and storage. 

    That ratio should be one-to-one. 

    We are building renewable power – but not connecting it fast enough.

    There’s three times more renewable energy waiting to be plugged into grids than was added last year.

    And fossil fuels still dominate the global total energy mix.

    We must act now and invest in the backbone of a clean energy future:

    In modern, flexible and digital grids – including regional integration.

    In a massive scale-up of energy storage.

    In charging networks – to power the electric vehicle revolution.

    On the other hand we need energy efficiency but also  electrification — across buildings, transport and industry.

    This is how we unlock the full promise of renewables – and build energy systems that are clean, secure and fit for the future.

    Third, this is our moment of opportunity to meet the world’s surging energy demand sustainably.

    More people are plugging in.

    More cities are heating up – with soaring demand for cooling.

    And more technologies – from AI to digital finance – are devouring electricity.

    Governments must aim to meet all new electricity demand with renewables.

    AI can boost efficiency, innovation, and resilience in energy systems. And we must take profit in it.

    But it is also energy-hungry.

    A typical AI data-center eats-up as much electricity as 100,000 homes.

    The largest ones will soon use twenty times that. 

    By 2030, data centres could consume as much electricity as all of Japan does today.

    This is not sustainable – unless we make it so.

    And the technology sector must be out front.

    Today I call on every major tech firm to power all data centres with 100% renewables by 2030.

    And – along with other industries – they must use water sustainably in cooling systems.

    The future is being built in the cloud.

    It must be powered by the sun, the wind, and the promise of a better world.  

    Excellencies
    Dear friends,

    Fourth, this is the moment of opportunity for a just energy transition.

    The clean energy that we must deliver  must also deliver equity, dignity and opportunity for all.

    That means governments leading a just transition.

    With support, education and training – for fossil fuel workers, young people, women, Indigenous Peoples and others – so that they can thrive in the new energy economy.

    With stronger social protection – so no one is left behind. 

    And with international cooperation to help low-income countries that are highly-dependent on fossil fuels and struggling to make the shift.

    But justice doesn’t stop here.

    The critical minerals that power the clean energy revolution are often found in countries that have long been exploited.

    And today, we see history repeating. 

    Communities mistreated.

    Rights trampled.

    Environments trashed.

    Nations stuck at the bottom of value chains – while others reap rewards.

    And extractive models digging deeper holes of inequality and harm.

    This must end.

    Developing countries can play a major role in diversifying sources of supply. 

    The UN Panel on Critical Energy Transition Minerals has shown the way forward – with a path grounded in human rights, justice and equity.

    Today, I call on governments, businesses and civil society to work with us to deliver its recommendations.

    Let’s build a future that is not only green – but just.

    Not only fast – but fair. 

    Not only transformative – but inclusive.

    Fifth, we have a moment of opportunity to use trade and investment to supercharge the energy transition.

    Clean energy needs more than ambition.

    It needs access – to technologies, materials, and manufacturing.

    But these are concentrated in just a few countries.

    And global trade is fragmenting.

    Trade policy must support climate policy.

    Countries committed to the new energy era must come together to ensure that trade and investment drive it forward.

    By building diverse, secure, and resilient supply chains.

    By cutting tariffs on clean energy goods.

    By unlocking investment and trade – including through South-South cooperation.

    And by modernizing outdated investment treaties – starting with Investor-State Dispute Settlement provisions.

    Today, fossil fuel interests are weaponizing these provisions to delay the transition, particularly in several developing countries.

    Reform is urgent.

    The race for the new must not be a race for the few.

    It must be a relay – shared, inclusive and resilient.

    Let’s make trade a tool for transformation. 

    Sixth and finally, this is our moment of opportunity to unleash the full force of finance – driving investment to markets with massive potential.

    Despite soaring demand and vast renewables potential — developing countries are being locked out of the energy transition.

    Africa is home to 60% of the world’s best solar resources.  But it received just 2% of global clean energy investment last year.

    Zoom out, and the picture is just as stark. 

    In the last decade, only one in every five clean energy dollars went to emerging and developing countries outside China.

    To keep the 1.5 degree limit alive — and deliver universal energy access – annual clean energy investment in those countries must rise more than fivefold by 2030. 

    That demands bold national policies.  And concrete international action to: 

    Reform the global financial architecture.

    Drastically increase the lending capacity of multilateral development banks — making them bigger, bolder, and better able to leverage massive amounts of private finance at reasonable costs;

    And take effective action on debt relief – and scale up proven tools like debt for climate swaps. 

    Today, developing countries pay outlandish sums for both debt and equity financing – in part because of outdated risk models, bias and broken assumptions that boost the cost of capital.

    Credit ratings agencies and investors must modernize.
     
    We need a new approach to risk that reflects:

    The promise of clean energy.

    The rising cost of climate chaos.

    And the danger of stranded fossil fuel assets.

    I urge parties to unite to solve the complex challenges facing some developing countries in the energy transition – such as early retirement of coal plants. 

    Excellencies,
    Dear friends,

    The fossil fuel age is flailing and failing.

    We are in the dawn of a new energy era.

    An era where cheap, clean, abundant energy powers a world rich in economic opportunity.

    Where nations have the security of energy autonomy.

    And the gift of power is a gift for all.

    That world is within reach.

    But it won’t happen on its own.

    Not fast enough.

    Not fair enough.

    It is up to us. 

    We have the tools to power the future for humanity.   

    Let’s make the most of them. 

    This is our moment of opportunity. 

    And I Thank you.

                                                                                                                                                                                                  ****
    [All-French]

    Excellences,

    Mesdames et Messieurs,

    Chers amis présents avec nous depuis le monde entier,

    L’actualité est dominée par les maux de la planète.

    Par les conflits et le chaos climatique.

    Par la multiplication des souffrances humaines.

    Par des dissensions géopolitiques croissantes.

    Mais au milieu de cette tourmente, autre chose est en train de se jouer.

    Quelque chose qui aura de profondes répercussions.

    Tout au long de l’histoire, l’énergie a présidé aux destinées de l’humanité
    – du feu à l’atome, en passant par la vapeur.

    Aujourd’hui, nous entrons dans une ère nouvelle.

    Les énergies fossiles sont en bout de course.

    Nous sommes à l’aube d’une ère des énergies propres.

    Il suffit d’observer les flux financiers.

    L’année dernière, 2 000 milliards de dollars ont été investis dans les énergies propres : c’est 800 milliards de dollars de plus que pour les énergies fossiles et cela représente une hausse de près de 70 % en 10 ans.

    Et de nouvelles données publiées aujourd’hui par l’Agence internationale pour les énergies renouvelables montrent que l’énergie solaire, qui était quatre fois plus chère que les énergies fossiles il y a peu de temps encore, est aujourd’hui 41 % moins chère.

    L’éolien en mer – 53 % moins cher.

    Et le coût de l’électricité produite par plus de 90 % des nouvelles énergies renouvelables dans le monde est inférieur au coût du nouveau combustible fossile le moins cher.

    C’est un tournant. Non seulement sur le plan énergétique, mais aussi du point de vue des possibilités qui s’offrent à nous.

    Car oui, nous pouvons assainir notre rapport au climat.

    Les énergies solaire et éolienne permettent d’ores et déjà d’économiser au niveau mondial une quantité d’émissions de carbone presque équivalente à l’ensemble des émissions annuelles de l’Union européenne.

    Mais plus fondamentalement, il y va de la sécurité énergétique et de la sécurité des personnes.

    De la gestion avisée de l’économie.

    Des emplois décents, de la santé publique et de la réalisation des objectifs de développement durable.

    Et de la capacité de mettre à la disposition des populations du monde entier une énergie propre et abordable.

    Aujourd’hui, nous publions un rapport spécial avec le soutien d’organismes des Nations Unies et d’organisations partenaires – l’Agence internationale de l’énergie, le Fonds monétaire international, l’Agence internationale pour les énergies renouvelables, l’Organisation de coopération et de développement économiques et la Banque mondiale.

    Ce rapport illustre le chemin parcouru au cours de la décennie écoulée, depuis que l’Accord de Paris a ouvert la voie à une révolution de l’énergie propre. Il montre que nous avons beaucoup à gagner d’une transition rapide et juste à l’échelle mondiale, pour peu que nous prenions les mesures voulues.

    Au niveau mondial, la puissance installée des énergies renouvelables est déjà presque comparable à celle des énergies fossiles.

    Et ce n’est qu’un début.

    L’année dernière, la quasi-totalité de l’énergie fournie par les nouvelles capacités de production était renouvelable.

    Sur tous les continents, on a créé plus de capacités de production d’énergie provenant de sources renouvelables que provenant de combustibles fossiles.

    Les sources d’énergie renouvelable ont généré près d’un tiers de l’électricité mondiale.

    L’énergie propre n’est plus une promesse d’avenir. C’est une réalité.

    Aucun gouvernement, aucune industrie, aucun intérêt particulier ne saurait l’arrêter.

    Bien entendu, le lobby des combustibles fossiles de certaines entreprises s’y emploiera, et nous savons jusqu’où il peut aller.

    Mais – j’en ai désormais la certitude – tous ses efforts sont voués à l’échec, car il est trop tard pour revenir en arrière.

    Il y a trois raisons de poids à cela.

    Premièrement, les marchés.

    Pendant des décennies, l’augmentation des émissions est allée de pair avec celle de la croissance économique.

    Ce n’est plus le cas.

    Dans de nombreuses économies avancées, les émissions plafonnent, mais l’économie continue de croître.

    Rien qu’en 2023, le secteur de l’énergie propre a contribué à hauteur de 10 % à la croissance du PIB mondial.

    En Inde, 5 %. Aux États-Unis, 6 %. En Chine – l’un des leaders de la transition énergétique –, 20 %.

    Et dans l’Union européenne, près de 33 %.

    Et le secteur des énergies propres emploie désormais 35 millions de personnes dans le monde, soit plus que le secteur des énergies fossiles.

    Même le Texas, cœur de l’industrie fossile américaine, est aujourd’hui le premier producteur d’énergies renouvelables aux États-Unis.

    Pourquoi ? Parce que c’est une question de bon sens économique.

    Et ce, en dépit d’une distorsion manifeste du marché au profit des énergies fossiles, qui bénéficient de subventions à la consommation neuf fois plus importantes que les renouvelables au niveau mondial.

    Si l’on ajoute à cela le coût non comptabilisé des dommages subis par les populations et la planète à cause des changements climatiques, la distorsion est encore plus marquée.

    Les pays qui s’accrochent aux énergies fossiles ne protègent pas leur économie, ils la sabotent.

    Ils poussent les coûts à la hausse.

    Ils freinent leur compétitivité.

    Ils se condamnent à avoir des actifs bloqués.

    Et ils passent à côté de la plus grande promesse économique du XXIe siècle.

    Excellences, Chers amis,

    En deuxième lieu, les énergies renouvelables sont promises à un bel avenir, car elles sont au cœur de la sécurité et de la souveraineté énergétiques.

    Disons-le clairement : les combustibles fossiles constituent aujourd’hui la plus grande menace pour la sécurité énergétique.

    Ils laissent les économies et les populations à la merci des variations de prix, des ruptures d’approvisionnement et des turbulences géopolitiques.

    C’est ce que l’on a vu lors de l’invasion de l’Ukraine par la Russie.

    Une guerre en Europe a entraîné une crise énergétique mondiale.

    Les cours du pétrole et du gaz ont grimpé en flèche.

    Et les factures d’électricité et les dépenses alimentaires leur ont emboîté le pas.
     
    En 2022, les ménages ont vu leurs dépenses énergétiques augmenter de 20 % en moyenne dans le monde.

    Les économies modernes et compétitives ont besoin d’un approvisionnement énergétique stable, à un prix abordable. Les énergies renouvelables permettent d’avoir les deux.

    La lumière du soleil n’est pas sujette aux flambées de prix.

    Le vent ne peut être soumis à aucun embargo.

    En leur fournissant de l’électricité, les énergies renouvelables peuvent mettre le pouvoir entre les mains des citoyens et des États.

    Or, presque tous les pays ont suffisamment de soleil, de vent ou d’eau pour devenir autosuffisants sur le plan énergétique.

    Les énergies renouvelables sont la solution pour une véritable sécurité énergétique. Une véritable souveraineté énergétique. Et une véritable protection contre la volatilité associée aux combustibles fossiles.

    Chers amis,

    Troisième et dernière raison pour laquelle les énergies renouvelables sont désormais incontournables : la facilité d’accès.

    On ne peut pas construire une centrale à charbon au fond d’un jardin.

    Mais on peut installer des panneaux solaires dans le village le plus isolé de la planète.

    Le solaire et l’éolien peuvent être déployés plus rapidement, plus facilement, et pour moins cher que les énergies fossiles ne pourront jamais l’être.

    Et bien que le nucléaire soit amené à faire partie du bouquet énergétique mondial, il ne pourra jamais résorber les inégalités d’accès.

    Tout cela change la donne pour les centaines de millions de personnes qui vivent encore sans électricité, pour la plupart en Afrique, continent qui regorge de sources d’énergies renouvelables inexploitées.

    À l’horizon 2040, l’Afrique pourrait avoir une production d’électricité 10 fois supérieure à ses besoins, uniquement grâce au renouvelable.

    Déjà, des dispositifs autonomes de production d’énergie renouvelable à petite échelle servent à éclairer des maisons et à alimenter des écoles et des entreprises dans les zones reculées.

    Et dans des pays comme le Pakistan, le solaire s’impose grâce à l’impulsion des citoyens : ce sont les consommateurs qui sont à l’origine du boom des énergies propres.

    Excellences, Chers amis,

    Rien ne peut arrêter la transition énergétique.

    Mais cette transition n’est encore ni assez rapide ni assez équitable.

    Les pays de l’OCDE et la Chine représentent 80 % de la capacité de production d’énergie renouvelable installée dans le monde.

    Le Brésil et l’Inde, près de 10 %.

    L’Afrique, seulement 1,5 %.

    Pendant ce temps, des vies et des moyens de subsistance sont anéantis par la crise climatique.

    Dans certains petits États insulaires, les catastrophes climatiques ont coûté plus de 100 % du PIB.

    Aux États-Unis, elles font exploser les primes d’assurance.

    Et la limite de 1,5 degré devient plus que jamais un vœu pieux.

    Pour que cet objectif reste à notre portée, nous devons au plus vite réduire les émissions et étendre l’envergure de la transition vers les énergies propres.

    Les capacités de production se multiplient, les prix chutent et la COP30 approche à grands pas.

    Nous nous trouvons donc à un moment décisif.

    Ne le laissons pas passer.

    Le moment est venu d’agir dans six domaines porteurs.

    Premièrement, nous devons saisir l’occasion de faire des nouveaux plans climatiques nationaux le moteur d’une transition énergétique irréversible.

    Trop souvent, les gouvernements envoient des messages contradictoires :

    Un jour, des objectifs ambitieux en matière d’énergies renouvelables. Le lendemain, de nouvelles subventions aux combustibles fossiles et des mesures qui favorisent leur expansion.

    Les prochains plans d’action nationaux sur le climat – également connus sous le nom de contributions déterminées au niveau national – doivent être présentés dans quelques mois.

    Ils devront être source de clarté et de certitude.

    Les pays du G20 doivent être à la manœuvre. Ils sont responsables de 80 % des émissions mondiales.

    Le principe des responsabilités communes mais différenciées doit être appliqué, mais tous les pays doivent redoubler d’effort.

    En prévision de la COP30, qui se tiendra au Brésil en novembre, ils doivent présenter de nouveaux plans.

    J’invite les dirigeants à présenter leurs nouvelles contributions déterminées au niveau national lors d’une manifestation que j’organiserai en septembre, durant la semaine de haut niveau de l’Assemblée générale. Ces contributions devront :

    Couvrir toutes les émissions, dans tous les secteurs de l’économie.

    Ne pas dépasser la limite de 1,5 degré.

    Se fonder sur une approche cohérente intégrant les priorités liées à l’énergie, au climat et au développement durable.

    Et tenir les promesses qui ont été faites au niveau mondial, à savoir :

    Multiplier par deux l’efficacité énergétique et par trois les capacités en énergies renouvelables d’ici à 2030.

    Et accélérer l’abandon progressif des combustibles fossiles.

    Ces plans devront être assortis de feuilles de route à long terme permettant d’assurer une transition équitable vers des systèmes énergétiques à zéro émission nette, conformément à l’objectif fixé pour 2050.

    Et ils doivent s’accompagner de politiques qui montrent qu’un avenir alimenté par des énergies propres est inéluctable et mérite d’être soutenu par des investissements.

    Des politiques qui instaurent un cadre réglementaire clair et favorisent l’émergence d’un vivier de projets.

    Qui renforcent les partenariats public-privé en mobilisant des capitaux et en stimulant l’innovation.

    Qui assurent la tarification effective du carbone.

    Et qui marquent la fin des subventions et des financements publics internationaux destinés aux combustibles fossiles – comme promis.

    Deuxièmement, nous devons saisir l’occasion de bâtir les systèmes énergétiques du XXIe siècle.

    La technologie progresse.

    En l’espace de quinze ans seulement, le coût des systèmes de stockage par batterie pour réseaux électriques a chuté de plus de 90 %.

    Mais il y a un problème.

    Les investissements dans les infrastructures nécessaires ne suivent pas.

    Pour chaque dollar investi dans les énergies renouvelables, 0,6 dollar seulement est consacré aux réseaux et au stockage.

    Le rapport devrait être d’un pour un.

    Nous produisons de l’énergie renouvelable, mais nous ne l’intégrons pas assez vite aux réseaux.

    La quantité d’énergie renouvelable en attente de raccordement est trois fois supérieure à celle effectivement mise en service l’an dernier.

    Et le bouquet énergétique mondial reste dominé par les combustibles fossiles.

    Nous devons agir dès maintenant et investir dans l’architecture d’un avenir placé sous le signe des énergies propres.

    Dans des réseaux modernes, souples et informatisés – ainsi que dans l’intégration régionale.

    Dans une augmentation massive de la capacité de stockage d’énergie.

    Dans les réseaux de recharge – pour alimenter la révolution des véhicules électriques.

    D’un autre côté, nous avons besoin l’efficacité énergétique et l’électrification dans les secteurs du bâtiment, des transports et de l’industrie.

    C’est ainsi que nous tirerons pleinement parti des possibilités offertes par les énergies renouvelables et que nous bâtirons des systèmes propres, sûrs et adaptés au monde de demain.

    Troisièmement, nous devons saisir l’occasion de répondre durablement à l’augmentation de la demande énergétique mondiale.

    De plus en plus de personnes sont raccordées aux réseaux.

    De plus en plus de villes se réchauffent, ce qui entraîne une hausse de la demande de climatisation.

    Et de plus en plus de technologies – de l’intelligence artificielle à la finance numérique – consomment une quantité d’électricité colossale.

    Pour répondre à l’augmentation de la demande d’électricité, les gouvernements doivent privilégier le renouvelable.

    L’intelligence artificielle peut rendre les systèmes énergétiques plus efficaces, plus innovants et plus résilients.

    Mais elle est aussi extrêmement énergivore.

    Un centre de données IA typique engloutit autant d’électricité que 100 000 foyers.

    Bientôt, les plus grands centres consommeront 20 fois plus.

    D’ici à 2030, ils pourraient utiliser autant d’électricité que l’ensemble de la population japonaise actuelle.

    Cette situation n’est pas viable – et c’est à nous d’y remédier.

    Le secteur de la technologie doit montrer la voie.

    Aujourd’hui, je demande à toutes les grandes entreprises technologiques de faire en sorte que tous leurs centres de données fonctionnent aux énergies renouvelables d’ici à 2030.

    Elles doivent également veiller – tout comme d’autres secteurs – à utiliser durablement l’eau nécessaire aux systèmes de refroidissement.

    L’avenir se construit dans le nuage.

    Il doit être alimenté par le soleil, le vent et la promesse d’un monde meilleur.

    Excellences, Chers amis,

    Quatrièmement, nous devons saisir l’occasion d’assurer une transition énergétique juste.

    L’ère de l’énergie propre doit garantir l’équité et la dignité et ouvrir de nouvelles perspectives pour l’humanité tout entière.

    Cela signifie que les gouvernements doivent prendre les rênes d’une transition juste.

    En assurant l’accompagnement, l’éducation et la formation des personnes qui travaillent pour l’industrie fossile, des jeunes, des femmes, des peuples autochtones et d’autres, afin qu’ils puissent prospérer dans une économie reposant sur les énergies nouvelles.

    En assurant une meilleure protection sociale pour que personne ne soit laissé pour compte.

    Et en renforçant la coopération internationale en vue d’aider les pays à faible revenu qui sont largement tributaires des combustibles fossiles et pour lesquels la transition est difficile.

    Mais la justice ne se limite pas à cela.

    Les minéraux critiques qui alimentent la révolution des énergies propres se trouvent souvent dans des pays qui ont longtemps été exploités.

    Aujourd’hui, nous voyons l’histoire se répéter.

    Des populations malmenées.

    Leurs droits bafoués.

    Leur environnement saccagé.

    Des nations reléguées aux échelons inférieurs des chaînes de valeur, tandis que d’autres en accaparent le produit.

    Et des modèles d’extraction qui creusent encore les inégalités et amplifient les dégradations.

    Il faut que cela cesse.

    Les pays en développement peuvent jouer un rôle majeur dans la diversification des sources d’approvisionnement.

    Le Groupe chargé de la question des minéraux critiques pour la transition énergétique a défini une trajectoire ancrée dans le respect des droits humains, de la justice et de l’équité.

    Aujourd’hui, je demande aux gouvernements, aux entreprises et à la société civile de se joindre à nous pour mettre en œuvre ses recommandations.

    Bâtissons un avenir qui soit respectueux de l’environnement et fondé sur l’équité.

    Qui advienne rapidement et soit guidé par le principe de justice.

    Qui soit porteur de transformation et favorise l’inclusion.

    Cinquièmement, nous devons saisir l’occasion de mettre le commerce et l’investissement au service de l’accélération de la transition énergétique.

    L’ambition seule ne suffira pas à assurer le passage à une énergie propre.

    Il faut aussi des technologies, des matériaux et des minéraux critiques.

    Mais ces éléments sont concentrés dans quelques pays seulement.

    Et le commerce mondial se fragmente.

    La politique commerciale doit soutenir l’action climatique.

    Les pays mobilisés en faveur d’une nouvelle ère énergétique doivent unir leurs forces pour lui donner corps grâce au commerce et à l’investissement.

    En diversifiant les chaînes d’approvisionnement et en les rendant plus sûres et plus résilientes.

    En abaissant les droits de douane sur les biens nécessaires à la production d’énergie propre.

    En débloquant les investissements et en renforçant les échanges, notamment dans le cadre de la coopération Sud-Sud.

    Et en actualisant des traités d’investissement dépassés, à commencer par les dispositions relatives au règlement des différends entre investisseurs et États.

    À l’heure actuelle, le secteur des combustibles fossiles instrumentalise ces dispositions pour retarder la transition, en particulier dans plusieurs des pays en développement.

    Une réforme s’impose d’urgence.

    La course à l’innovation ne doit pas être réservée à une minorité privilégiée.

    Il doit s’agir d’une course de relais – collective, inclusive et source de résilience.

    Faisons du commerce un outil de transformation.

    Sixièmement, nous devons saisir l’occasion d’exploiter toute la puissance de la finance en dirigeant les investissements vers des marchés à très fort potentiel.

    Malgré une demande en forte hausse et un potentiel indéniable en matière d’énergies renouvelables, les pays en développement sont exclus de la transition énergétique.

    L’Afrique abrite 60 % des meilleures ressources solaires au monde. Mais elle n’a comptabilisé que 2 % des investissements mondiaux dans les énergies propres au cours de l’année écoulée.

    En élargissant le cadre, on obtient un tableau tout aussi alarmant.

    Au cours des dix dernières années, seul un dollar sur cinq consacré à l’énergie propre est allé à des pays émergents ou en développement autres que la Chine.

    Si nous voulons contenir le réchauffement à 1,5 degré et assurer un accès universel à l’énergie, les investissements annuels dans les énergies propres doivent être multipliés par plus de cinq dans ces pays d’ici à 2030.

    Cela exige de prendre des mesures audacieuses à l’échelon national, mais aussi de mener une action concrète au niveau mondial pour :

    Réformer l’architecture financière internationale.

    Renforcer considérablement la capacité de prêt des banques multilatérales de développement, afin qu’elles gagnent en envergure et en audace et soient plus à même de canaliser des flux massifs de capitaux privés à un coût raisonnable.

    Et prendre des mesures efficaces en matière d’allégement de la dette, notamment en intensifiant le recours à des outils éprouvés tels que la conversion de dettes en mesures en faveur du climat.

    À l’heure actuelle, les pays en développement paient des sommes exorbitantes pour accéder à des financements par emprunt et par prise de participation, en partie à cause de modèles de risque obsolètes, de préjugés et d’hypothèses erronées qui accroissent considérablement le coût du capital.

    Les agences de notation et les investisseurs doivent moderniser leurs pratiques.
     
    Il nous faut une nouvelle approche du risque qui tienne compte :

    Du potentiel des énergies propres.

    Du coût croissant du chaos climatique.

    Et du danger associé aux actifs fossiles échoués.

    Je demande instamment aux parties de s’atteler ensemble à régler les problèmes complexes auxquels se heurtent certains pays en développement dans le cadre de la transition énergétique, notamment la mise hors service anticipée des centrales à charbon.

    Excellences, chers amis,

    L’ère des combustibles fossiles est à bout de souffle et en bout de course.

    Nous sommes à l’aube d’une nouvelle ère énergétique.

    Une ère dans laquelle une énergie abondante, propre et peu coûteuse viendra alimenter un monde riche en perspectives économiques.

    Où la sécurité énergétique des nations sera assurée.

    Et où l’énergie sera un bien universel.

    Ce monde est à notre portée.

    Mais cela ne se fera pas tout seul.

    Pas assez rapidement.

    Pas assez équitablement.

    C’est à nous de prendre les choses en main.

    Nous disposons des outils nécessaires pour doter l’humanité de l’énergie de demain.

    Utilisons-les à bon escient.

    Nous ne devons pas laisser passer ce moment.

    Je vous remercie.
     

    MIL OSI United Nations News

  • MIL-OSI Canada: Government launches consultations as part of deposit insurance framework review

    Source: Government of Canada News (2)

    July 22, 2025 – Ottawa, Ontario – Department of Finance Canada

    The federal deposit insurance framework safeguards vital elements of Canada’s financial system by protecting Canadians’ deposits in the unlikely event of a bank failure.

    Today, the government is launching consultations in keeping with its commitment to enhance Canada’s robust depositor protection framework to support the evolving needs of Canadians and the banking sector at large.

    Maintaining the effectiveness of the deposit insurance framework requires ongoing assessment to adapt to the changing nature of financial systems. This is part of the government’s regular reviews of Canada’s financial safety net to ensure it remains effective and responsive to emerging risks and continues to promote high levels of public confidence.

    The government invites all interested Canadians and stakeholders to review the consultation paper and to email their comments on the questions and proposals by September 26, 2025, to DepositInsuranceReview-Examenducadredassurancedepots@fin.gc.ca with “Deposit Insurance Review” as the subject line.

    MIL OSI Canada News

  • MIL-OSI: LanzaTech Awarded Significant Grant by UK Government to Propel Sustainable Aviation Fuel Production

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 22, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”) a leader in carbon management solutions, announced it has received a grant of £6.4 million from the UK government’s Advanced Fuels Fund (AFF), operated by the Department for Transport (DfT).

    The grant will accelerate the development of LanzaTech’s innovative DRAGON 1 & 2 projects, each playing a crucial role in the production of sustainable aviation fuel (SAF) in the UK. Project DRAGON stands for Decarbonizing and Reimagining Aviation for the Goal ONetzero.

    The DRAGON 1 project is LanzaTech’s existing UK SAF project that will convert recycled carbon fuel ethanol (including ethanol from LanzaTech’s gas fermentation process) into Advanced SAF in Port Talbot, South Wales, using the LanzaJet® Alcohol-to-Jet (AtJ) process.

    The DRAGON 2 project is a Power-to-Liquid (PtL) facility that will convert waste carbon dioxide and green hydrogen into ethanol for subsequent conversion into PtL SAF at an adjacent facility using the LanzaJet® Alcohol-to-Jet (AtJ) process. The location for DRAGON 2 in the UK will be determined during this grant-funded project.

    Integrating LanzaTech’s gas fermentation process with LanzaJet’s AtJ technology gives this approach a distinctive edge. By turning regional waste resources into valuable SAF, LanzaTech facilitates the production of low Carbon Intensity (CI) fuels, contributing positively to the UK’s SAF Mandate and supporting economic growth and job creation in industrial zones in the UK.

    “The future of aviation fuel is ethanol-to-SAF and LanzaTech is at the forefront,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “Our commitment to enabling cleaner jet fuel is bolstered by the UK government’s continued support and confidence in LanzaTech as a leader in the sector. This funding not only affirms the value of our unique technology and feedstock approach but also propels our mission to integrate air travel into a circular carbon economy. DRAGON 1 & 2 are set to drive the global SAF market forward and exemplify the UK’s commitment to leading SAF innovation on the global stage.”

    The UK government’s significant investment in these projects underscores their confidence in LanzaTech’s proven, commercial-scale technology and its potential to substantially boost the UK’s SAF production. This endorsement not only solidifies LanzaTech’s reputation as a leader in advancing global clean energy initiatives but also emphasizes the crucial role of feedstock providers. By leveraging low-cost, sustainable inputs for SAF production, LanzaTech is poised to play a key role in aiding the aviation sector’s pursuit of its net-zero commitments.

    Separately, Project Speedbird by LanzaJet, in which LanzaTech holds a 36% ownership stake, also received recognition and £10 million in funding from the Advanced Fuels Fund, further testament to the government’s trust in the Lanza technology portfolio. In 2024, LanzaTech and LanzaJet partnered to create CirculAir™, that transforms nearly any form of waste carbon (including CO2, MSW, agri residues) into SAF, combining the groundbreaking technologies of both companies to provide the aviation industry with a solution to produce waste-based SAF on a global scale.

    Today’s allocation boosts total government contributions through the Advanced Fuels Fund (AFF) to £198 million, aimed at expanding cleaner aviation technologies. This strategic investment is a testament to the UK government’s comprehensive approach to environmental strategies, aligning with initiatives like the recently enacted SAF Mandate. This funding round notably supports a broad spectrum of pathways and feedstocks for SAF production—an inclusive move by the UK government that recognizes the need for varied solutions in the pursuit of net-zero aviation.

    LanzaTech is committed to continuing its collaborative efforts with the UK government, industry partners, and the global community to scale solutions that can transform waste carbon into an opportunity for sustainable growth. We are proud to be recognized as part of the diverse array of solutions required to achieve a sustainable future for aviation.

    About LanzaTech

    LanzaTech Global, Inc. (NASDAQ: LNZA) is a carbon management solutions company that transforms industrial emissions, gasified solid waste and carbon dioxide into recycled carbon ethanol via proprietary bio-fermentation technology. Ethanol is a crucial building block in the world – a key feedstock for Sustainable Aviation Fuel (SAF) and other downstream chemical derivatives. Operating commercially at six assets today, the expanding project pipeline is set to meet growing SAF demand on a global scale in the coming years. LanzaTech’s technology unlocks value across the supply chain, reducing the carbon footprint of hard-to-abate sectors while shepherding recycled carbon fuels and products to the world, building a circular carbon economy.

    Investor Relations
    John Ragozzino
    Lanzatech@icrinc.com

    Public Relations
    Matt Dallas
    Lanzatech@icrinc.com 

    The MIL Network