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Category: Economy

  • MIL-OSI Africa: Africa energy efficiency under the spotlight at G20 meeting

    Source: Government of South Africa

    Africa Energy Commission Executive Director, Rashid Ali Abdallah, has welcomed South Africa’s proposal – through the G20 Presidency legacy programme – to establish an energy efficiency facility.

    He was delivering remarks on the sidelines of the third G20 Energy Transitions Working Group (ETWG) meeting in the North West this week.

    Abdallah highlighted that for the African Union, energy efficiency is “at the core” of the development agenda through the African Energy Efficiency Strategy – which, amongst others, has set a target to increase energy productivity over the next 25 years.

    “To achieve African Energy Productivity target and contribute to the global doubling [of] energy efficiency by 2030… the continent needs access to sustainable finance and a strong coordination of the institutional framework with good human capacity.

    “It is for this reason that we welcome the proposal by the South African G20 Presidency to establish an energy efficiency legacy programme. This decision not only compliments our work as the African Union but reinforces the role of energy efficiency in addressing the challenge of energy security and equality,” he said.

    According to the United Nations Sustainable Development Group, some 600 million Africans still do not have access to electricity.

    Abdallah noted the South African government’s pursuance energy security and access.

    “This agenda is particularly relevant to Africa, as the continent is lagging in achieving the Sustainable Development Goal with over 70% of the population living in energy poverty. 

    “Access to renewable and affordable energy is essential to powering economies and powering essential services such as healthcare, clean water and education and improving living standards,” the Executive Director said.

    He added that as the African continent continues to improve sectors, including health, education, water and food security, “the importance of energy efficiency cannot be overlooked”.

    “Energy efficiency in Africa spans across all sectors. For example, 40% of utility in Africa Union states report electricity losses of over 20% – a stark contrast to the 6 to 10% seen in developed countries.

    “By improving this deficiency, we can save a significant amount of investment on the generation and transmission infrastructure on the continent. This compliments the implementation of the African Single Electricity Market and Continental Power System Master Plan initiative being spearheaded by the African Union,” Abdallah explained.

    Savings will also be extended to cash strapped households.

    “For household appliances and equipment, market transformation not only saves money but also accelerates access of modern cooking.

    “Adopting efficient lighting, modern transformer and cooling appliances has the potential to save African infrastructure investment equivalent to 40GW and more than US $20 billion in savings by 2040,” Abdallah said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Africa steps forward: SA G20 proposed Africa Energy Efficiency Facility hailed

    Source: Government of South Africa

    South Africa’s proposed Africa Energy Efficiency Facility could emerge as a defining achievement of the country’s G20 Presidency – a bold, continent-led initiative that embodies African leadership on the global stage and turns commitments into action.

    United Nations Environment Programme (UNEP) Chief of Mitigation Branch: Climate Division, Hongpeng Lei – who delivered remarks at a side event at the Energy Transitions Working Group meeting this week, applauded South Africa’s “vision of placing energy efficiency at the core of the… G20 energy agenda”.

    “This gathering is more than a technical forum. It is a political and strategic turning point. It is a moment where Africa steps forward with confidence and clarity to shift to a legacy of practical climate action rooted in equity, innovation and resilience.

    “We are here to lay the foundations for what could become a defining outcome of South Africa’s G20 Presidency – the African Energy Efficiency Facility. This initiative reflects the shared priorities of the G20 Energy Transitions Working Group. Affordability, energy access, climate resilience and inclusive growth… all begin with efficiency.”

    Hongpeng noted that South African leadership on the facility “references the G20 evolution from high level priorities to… regional action”. 

    “By the time we reach COP30 in Brazil, it could stand as a model on how the G20 delivers community, credibility and concrete solutions.

    “This facility, proudly championed by South Africa and the African Union and supported by UNEP is… a long-term platform to mobilise finance… technical assistance and skill up the efficiency solutions across the continent. 

    “It will serve as a strategic G20 legacy initiative. One that reflects the ethos of this Presidency, Africa led, globally supported and designed to deliver results where it matters the most,” Hongpeng said.

    The UNEP representative noted that energy efficiency is the most equitable pass way to reduce emissions, expand energy access and ensuring energy security.

    “But it is not just a numbers game. It is about development, dignity and delivery.

    “We have an opportunity and responsibility to ensure that this facility becomes more than a concept. Let it be the enduring symbol of what this G20 Presidency stands for – African solutions for global challenges built on equity, innovation and partnerships.

    “We call on G20 members, development banks and the African partners to secure predictable and ethical financing for this facility. Let the message be clear: Africa is not waiting, Africa is leading. Let us rise to the moment, deliver a legacy worthy of this G20,” Hongpeng concluded. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Russia: China looks forward to further deepening dialogue and consultations with the US — Chinese Ministry of Commerce

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 31 (Xinhua) — China hopes to further deepen dialogue and consultations with the United States to achieve new mutually beneficial results, Chinese Ministry of Commerce spokesperson He Yadong said Thursday.

    The spokesman made the remarks at a regular departmental press briefing in response to a question about the recent trade talks between China and the United States held in Stockholm, Sweden.

    He Yadong said the two sides had a frank, in-depth and constructive exchange of views on China-US economic and trade relations, macroeconomic policies and other issues of common interest. He said the two sides also reviewed and approved the progress in implementing the consensus reached in Geneva and the framework agreements reached in London.

    Based on the consensus reached at the Stockholm talks, both sides will continue to promote a 90-day extension of the suspension of the U.S.’s 24 percent mirror tariffs and China’s countermeasures, He Yadong said.

    According to him, the consensus reached in Stockholm is expected to contribute to the further stabilization of Chinese-American trade and economic ties and bring more confidence to the development and stability of the global economy.

    China hopes to work with the United States in accordance with the important agreements reached by the two heads of state during their telephone conversation to make the most effective use of the role of the bilateral economic and trade consultation mechanism, the official representative of the Chinese Ministry of Commerce added. -0-

    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 United Nations: UNFPA urges governments to act on climate and gender at Global Symposium ahead of COP30

    Source: United Nations Population Fund

    Brasília, Brazil, 31 July 2025 – The United Nations Population Fund (UNFPA) and the Government of Brazil today issued a powerful Call to Action urging governments to place gender equality and sexual and reproductive health and rights (SRHR) at the heart of global climate response. The Call to Action was issued as the 2025 Global Symposium on Climate Justice and Impacted Populations draws to a close in Brasilia. 

    Held just months ahead of COP30 in Belém, Brazil, the high-level symposium was convened by UNFPA and the Government of Brazil to mobilize bold, rights-based, and gender-responsive climate action at a pivotal moment as countries revise their national climate plans and realign funding priorities.

    The Call to Action outlines a shared roadmap to put gender equality, SRHR, and protection from gender-based violence (GBV) at the center of global climate response. It identifies concrete steps for governments and institutions to take as they prepare for key COP30 milestones –  including the Belem Health Action Plan, a flagship COP30 initiative focused on strengthening health systems as part of global climate action.

    The Call to Action demands: 

    • More climate finance directed to women and girls, especially in crisis-affected settings
    • Stronger support for national and local partners to include SRHR and protection from GBV in climate policies
    • Greater investment in data and evidence to inform gender-responsive climate action
    • Stronger emergency preparedness and health systems that can withstand climate shocks
    • That SRHR and protection for GBV are finally included in the COP30 Gender Action Plan on climate change

    Women and girls are already paying a steep price for a climate crisis they did not cause. They face rising rates of gender-based violence, worsening maternal health outcomes, and growing barriers to essential services like contraception and safe childbirth. Yet most national climate policies overlook their needs. Key systems, including health, education, and protection services, remain underfunded and overstretched. Just a fraction of global climate finance is allocated to gender equality, and reliable data on how women and girls are affected remains scarce or nonexistent.

    “We are at a pivotal moment in our march against climate change — one that must unite us all. Let us leverage this moment to forge a path forward that ensures climate justice and strengthens the resilience of women and young people in the face of climate change,” said Diene Keita, UNFPA Acting Executive Director, in her opening remarks.

    The three-day hybrid event, which brought together more than 150 policymakers, researchers, youth leaders, and advocates from around the world, built on UNFPA’s first global convening on climate and SRHR, the International Symposium on SRHR, Gender and Climate Change Resilience, held in Pretoria ahead of ICPD25 in 2019. There, participants issued the Future Africa Call to Action – a shared advocacy agenda, urging governments to integrate SRHR and gender equality into climate resilience efforts. This year’s event took that work further, delivering the Brasília Call to Action as the next step to embed gender, health, and equity into climate decision-making — especially as countries prepare new climate commitments ahead of COP30. 

    “Many aspects of climate change and its impacts on populations were examined and further explored during the discussions of this symposium, reinforcing the understanding that it is impossible to advance resilience and sustainable development without integrating gender equality into environmental and climate policies,” said Janja Lula da Silva, First Lady of Brazil and Special Envoy for Women at COP30, who participated in the closing ceremony. “There can be no climate justice without gender equality. And no climate justice without the full participation of women.”

    As the UN’s lead agency on sexual and reproductive health, UNFPA brings a critical rights-based perspective to climate action, grounded in gender equality and the lived realities of diverse women and girls. With decades of experience in humanitarian response, data systems, and frontline health services, UNFPA is working with countries to ensure sexual and reproductive health care and interventions to address GBV and harmful practices remain available during climate shocks. From supporting displaced women during emergencies to strengthening climate-resilient health systems, UNFPA is helping countries respond to today’s risks while preparing for a more uncertain future.

    Press Enquiries:

    Zina Alam; zialam@unfpa.org; media@unfpa.org 

    MIL OSI United Nations News –

  • MIL-OSI: Immunefi Adds Onchain Monitoring to Protect $180B+ in Digital assets as 2025 Crypto Hacks Top $3.1B

    Source: GlobeNewswire (MIL-OSI)

    Immunefi’s Magnus platform becomes first unified system to monitor smart contracts, social engineering, and reputational threats in real-time, bringing together Fuzzland and Failsafe to catch smart contract exploits, social engineering attacks, and brand threats in real-time.

    AUSTIN, Texas – July 31, – With crypto hacks surpassing $3.1 billion in 2025 and access-control flaws still the industry’s biggest security gap, Immunefi – the leading onchain security platform protecting $180 billion in user funds – is launching onchain monitoring capabilities across protocols like Arbitrum, zkSync, and Curve Finance via its unified platform, Magnus.

    Immunefi now integrates with Fuzzland and FailSafe to bring smart contract monitoring and alerts into their Magnus platform. 

    The launch comes as the industry faces an evolution in attack vectors that shows a significant shift from code-based exploits to operational security failures, with social engineering and compromised keys becoming the dominant threat vectors.

    Take Arbitrum, which now secures over $3.4 billion in stablecoins including PayPal’s PYUSD, or zkSync, which has quickly become the second-largest network for tokenized real-world assets behind Ethereum, with $2.4 billion in value. These aren’t just DeFi platforms anymore, they’re becoming financial infrastructure. And with that shift, real-time threat detection and brand protection are no longer nice-to-haves, they’re essential.

    Magnus unifies monitoring to detect and neutralize these threats in minutes instead of hours. Trusted by leading networks like Ethereum, BNB, and Arbitrum, it gives teams the response speed today’s onchain economy demands.

    At the core of the Magnus is Codexa, the most comprehensive dataset of blockchain vulnerabilities in the industry by orders of magnitude. Codexa powers Magnus, leveling up its security models and ensures Magnus continuously evolves alongside emerging threats, giving protocols intelligence fast enough to intervene before funds disappear. With Codexa, Immunefi moves beyond static monitoring tools toward adaptive, AI-native security infrastructure.

    Although crypto hackers can drain millions in seconds, security teams currently waste precious hours jumping between disconnected tools trying to piece together threats and respond to potential security incidents. Magnus’s onchain monitoring enables teams to receive unified alerts through their preferred channels (Slack, PagerDuty, etc.) and access all threat details in one consolidated view so they can act on threats immediately rather than spending time on manual correlation.

    “When every second counts during an active exploit, having all your security intelligence in one place is the difference between a close call and a catastrophe,” said Mitchell Amador, CEO and Founder of Immunefi. “Unlike platforms that lock you into proprietary tools, Magnus lets you leverage best-in-class monitoring providers while maintaining unified operations.”

    The integration brings together complementary monitoring capabilities across the broadest range of blockchains in the industry. Fuzzland contributes both monitoring alerts and 24/7 automated penetration testing findings via API, scanning thousands of transactions per second and having already prevented over 110 attacks and rescued $33.4 million in assets. FailSafe brings continuous security signal coverage across leading chains, with advanced tools for regulatory-focused use cases such as stablecoin compliance under MiCA and DORA.

    Together, these partners are integrating their monitoring capabilities directly into the Magnus platform, beginning with support for Ethereum, BNB Smart Chain, Arbitrum, Polygon, Base, and Avalanche. Additional chains will be added over time.

    Magnus has already attracted adoption from major protocols, including Babylon Labs and Lombard Finance, which together secure $8 billion in Bitcoin DeFi assets. By unifying partner monitoring within a single interface, Magnus enables these institutions to maintain proactive, transparent security operations that meet the expectations of regulators and institutional counterparties.

    Magnus’s monitoring capabilities alert teams to unusual patterns, behaviors, and incidents in real-time to enable rapid response to potential threats. When threats are detected, teams receive immediate notifications with full context that reduces the time from detection to action.

    “Security fragmentation has been the Achilles’ heel ” of protocols trying to scale to institutional standards,” said Aneirin, cofounder of FailSafe. “With Magnus, we unify cross-chain monitoring, threat detection, and policy enforcement into a single command center, giving security teams real-time visibility and compliance-grade coverage that used to require a patchwork of tools.”

    The monitoring integration is available immediately in beta release for Magnus early access partners.

    -ends-

    For more information please contact:
    immunefi@clpr.agency

    About ImmunefiImmunefi is the leading onchain security platform, working with groundbreaking protocols such as Ethereum Foundation, Chainlink, Optimism, Arbitrum, and many more. The company’s latest product, Magnus, bridges the gap between security solutions by creating a unified platform for security operations. The platform’s growing community of over 60,000 security researchers protects $180B in user funds and has prevented over $25B in hacks across 500+ protocols. Learn more at immunefi.com

    The MIL Network –

  • MIL-OSI: Viridien: 2025 Interim Financial Report available

    Source: GlobeNewswire (MIL-OSI)

    Viridien

    Société Anonyme with a share capital of €7,180,449
    Registered office: 27 avenue Carnot, 91300 Massy
    No.: 969 202 241 – RCS Evry

    2025 Interim Financial Report available

    Paris, France – July 31, 2025

    Viridien announced that its interim financial report as at June 30, 2025 was filed today with the Autorité des Marchés Financiers (AMF).

    This document is available on the Company’s website: https://www.viridiengroup.com/ under the Investors section (both in “Regulated information” and “Results and Publications”).

    About Viridien:

    Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,400 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

    Contact: Legal Department, 27 avenue Carnot, 91300 Massy

    Attachment

    The MIL Network –

  • MIL-OSI Security: Europe: Drug trafficking, organized crime increasing by “an order of magnitude”

    Source: Interpol (news and events)

    8 May 2023

    At INTERPOL’s 50th European Regional Conference, delegates have gathered to discuss common crime threats from drug trafficking to cybercrime.

    OHRID, North Macedonia – Strengthening international police cooperation to counter the rapidly escalating threat posed by organized crime networks was the key focus of INTERPOL’s 50th European Regional Conference.

    The three-day (8-10 May) conference brings together more than 140 participants from 53 countries in Europe and beyond to discuss the most pressing crime issues facing the region.

    The conference takes place in Ohrid, North Macedonia, which itself marks 30 years as an INTERPOL member country this year.

    “These past 30 years, through our membership in the world’s largest police organization, have witnessed our commitment and willingness to be engaged in global police cooperation,” said Oliver Spasovski, Minister of Interior of the Republic of North Macedonia, in remarks during the conference’s opening ceremony.

    “With the establishment of the global INTERPOL I-24/7 communication system, our country was among the first to connect with this global police family, to exchange information between members and the General Secretariat, as well as directly access global criminal databases,” the Minister added.

    Unprecedented scale

    Fueled by historic levels of drug trafficking, organized crime groups are increasingly posing a direct threat to state authority in many countries, and there is evidence that levels of violence related to these criminal networks is also increasing.

    “Organized crime is a top concern,” said INTERPOL President Ahmed Naser al-Raisi in the conference’s opening ceremony. “These transnational crimes not only threaten the safety and security of the region, but also have a spillover effect on the rest of the world.”

    Last month, INTERPOL announced its largest ever firearms trafficking operations, which saw more than 14,000 suspects arrested across Central and South America, and an unprecedented USD 5.7 billion in illegal narcotics seized.

    “Over the last five years, [drug] trafficking and consumption have increased by an order of magnitude, with Europe one of the main transit and destination markets,” said INTERPOL Secretary General Jürgen Stock.

    “We continue to see record seizures at European borders and ports, and a corresponding rise in violent crime, corruption and money laundering of unprecedented scale,” added Secretary General Stock.

    The global scale of many organized crime networks, often spanning multiple continents, has underlined that international cooperation through INTERPOL is often the only means for police in Europe and other regions to bring fugitives to justice or gather crucial intelligence.

    European crime landscape

    Beyond drug trafficking, the results of INTERPOL’s 2022 Global Crime Trend report, which surveyed police across the Organization’s 195-country membership, show that money laundering and cyber or cyber-enabled crimes also top European law enforcement’s list of concerns.

    Money laundering ranked second among the crime trends most frequently indicated by member countries in the region as posing a ‘high’ or ‘very high’ threat, with financial fraud also ranking very high.

    The report notes that the use of online tools by criminals to perpetrate financial fraud schemes has also rapidly expanded in recent years, particularly since the COVID-19 pandemic.

    Especially concerning, 76 per cent of police respondents from Europe expect online child sexual exploitation and abuse to increase or increase significantly in the next three to five years.

    The report notes that the demand for livestreaming abuse has steadily increased in recent years, likely intensifying during the pandemic. While live distance child abuse most often take place in Southeast Asia, cases in the European Union have also recently been detected.

    Keeping Europe safe

    Founded in the heart of Europe – in Vienna – during the region’s interwar period 100 years ago, INTERPOL’s history is closely intertwined with that of Europe.

    Established in a 1920s context of geopolitical upheaval and concerns of rising international crime, the Organization’s founding representatives agreed that only through collaboration could police combat transnational crime threats – a common goal shared throughout periods of political or economic tension.

    Later, in one of the Organization’s darkest chapters, the Nazis assumed control of the International Criminal Police Commission – as INTERPOL was then called – after deposing its President. In 1946, Belgium spearheaded INTERPOL’s rebuilding in the new postwar era.

    Today, European member countries remain global leaders in their use of and contribution to INTERPOL capabilities – and this activity is quickly growing. With regards to INTERPOL databases, European member countries contribute more records, undertake more searches and – crucially – receive more hits than any other region.

    New historical peaks for records, searches and hits in INTERPOL databases from European member countries were reached in 2022. In the past year alone, searches of INTERPOL databases by European law enforcement have risen by nearly a third.

    The figures underscore the fundamental place INTERPOL capabilities occupy in European countries’ approaches to keeping their communities safe.

    MIL Security OSI –

  • MIL-OSI Security: President Trump Ends Unfair “De Minimis” Tariff Exemption, A Major Victory in Securing the Homeland

    Source: US Department of Homeland Security

    President Trump’s Executive Order empowers DHS to continue cracking down on smuggling and unfair trade practices

    WASHINGTON – President Trump signed an Executive Order suspending duty-free de minimis tariff exemptions for low-value shipments from all countries. His order empowers Homeland Security Secretary Kristi Noem to close this loophole which was used to avoid tariffs and smuggle deadly synthetic opioids like fentanyl into the United States.

    “For decades, bad actors have taken advantage of America’s de minimis process by smuggling in deadly narcotics, harmful products, and other contraband in hidden products,” said Department of Homeland Security Assistant Secretary Tricia McLaughlin. “This loophole led to the death of thousands of Americans, fueled the opioid crisis, and harmed U.S. consumers. This decision to end de minimis will save American lives, increase revenue, and protect the American consumer and entrepreneur.”

    Under the de minimis treatment, imported goods that are valued at or under $800 were exempt from tariff duties. Countries exploited this system to flood the American market with cheap goods that undercut American manufacturers and cost American jobs. This exemption also allowed drug cartels and other criminal organizations to smuggle drugs and other contraband into our country.

    Over the past decade the volume of de minimis shipments to the United States exploded, growing from 134 million shipments in 2015 to over 1.36 billion shipments in 2024. De minimis shipments accounted for 90% of all cargo seizures in FY 24. These shipments often broke the law with 98% of narcotics seized from cargo falling under the de minimis exemption, as well as 97% of counterfeit items seized.

    Now, thanks to President Trump’s Executive Order, this loophole is closed. U.S. Customs and Border Protection is empowered to enforce tariffs on these goods and can continue to protect the homeland from the smuggling of deadly synthetic opioids like fentanyl and counterfeit goods. This will save American lives, protect American jobs, and restore billions in lost revenue.

    # # #

    MIL Security OSI –

  • MIL-OSI: NDT Global Announces Strategic Addition of Entegra®

    Source: GlobeNewswire (MIL-OSI)

    QUÉBEC CITY, July 31, 2025 (GLOBE NEWSWIRE) — NDT Global, a leading provider of advanced diagnostic inspection and integrity solutions for the energy sector, is proud to announce the acquisition of Entegra, a premium technology company specializing in Ultra-High-Resolution Magnetic Flux Leakage (UHR MFL) in-line inspection services.

    This strategic union brings together two market-leading technology providers significantly enhancing NDT Global’s service portfolio, strengthening its growing position in the gas pipeline market, and reinforcing its continued commitment to delivering the best data driven insights and high-performance integrity solutions. Together, NDT Global and Entegra are affirming their stance in redefining the future of pipeline integrity. By harnessing the power of technology, the complimentary services will act as an enabler for safer, more cost-effective pipeline operations, empowering customers with the insights needed to make smarter, faster decisions for their assets.

    The combination of NDT ILI, Dynamic Risk, and now Entegra brings together highly complementary technology platforms in ultrasonic testing (UT), Acoustic Resonance (ART), UHR MFL, and data management solutions, creating a unique set of solutions for pipeline operators seeking best-in-class data-driven inspection, diagnostic, and integrity services across a diverse asset base.

    “This is a pivotal moment for NDT Global,” said Martin Thériault, CEO and Chairman of NDT Global. “Entegra’s entrepreneurial spirit, technical leadership and excellence, and deep market knowledge make them an ideal fit for our joint vision going forward. The company will work on accelerating the development of next-generation inspection technologies and, in return, deliver an even greater value to customers through enhanced service offerings and global reach.”

    Paul Cooper, President of NDT Global, highlights “The addition of Entegra’s market-leading capabilities to our portfolio allows us to offer a broader, more integrated suite of solutions to our clients. It also helps us to better serve the growing needs of the gas pipeline sector, where Entegra has built a strong reputation for innovation and reliability. All in all, the merged entities will accelerate our joint growth journey based on technology and innovation. It’s a bold step forward in our mission to deepen partnerships and lead the industry with innovation that protects what matters most.”

    “I can’t thank Amberjack Capital enough for their direction and support the past 10 years, and I’m really excited about what we’re going to achieve in the next phase of our growth story as we bring together the two best brands in in-line-inspection” said Mark Olson, Chairman and CEO, Entegra. “Our purpose, our ‘Why’ if you will, is to make better every pipeline with which we interact, and this deal accelerates that quest by several years.”

    The combined entity will benefit from expanded international reach and the ability to deliver joint UT and MFL scopes, axial and now circumferential, to valued clients. This move also supports NDT Global’s and Entegra’s long-term vision of becoming the most trusted partner in pipeline integrity management.

    The transaction was made possible through the continued support of Novacap, the majority shareholder of NDT Global, alongside La Caisse (formerly CDPQ), and NDT Global as well as Entegra founders and executives. Before today’s announcement, Entegra was owned by Amberjack Capital Partners as well as a group of co-founders led by Mark Olson, who played a pivotal role in building the company’s reputation for innovation and excellence in the MFL space. As part of the transaction, the NDT Global and Entegra founders and key management will remain shareholders of the combined company.

    “We are thrilled to unite two leading innovators in the ILI industry, combining world-class technology platforms and talented teams. This partnership enhances NDT’s ability to serve customers and uphold the integrity of critical infrastructure globally. We are proud to continue our partnership with Martin, Paul and the NDT team, and we warmly welcome Mark and the entire Entegra family as we work together to build a stronger, more impactful business together” added David Lewin, Lead Senior Partner Novacap.

    “NDT Global has distinguished itself through its ability to innovate and develop state-of-the-art solutions, becoming a global reference in the integrity and inspection services industry,” adds Kim Thomassin, Executive Vice-President and Head of Québec at La Caisse. “With this investment, La Caisse is strengthening NDT Global’s ambitious growth strategy through both equity and debt financing — building on our recent support to unlock the company’s full potential.”

    Jason Turowsky, Managing Partner of Amberjack Capital Partners, said “Amberjack is proud to have supported Entegra’s exceptional growth, driven by its talented team and commitment to innovation. We are confident the combination with NDT Global will propel further advancements in pipeline integrity solutions, benefiting clients globally. We congratulate Mark and the Entegra team and look forward to their continued success.”

    McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP acted as legal advisors to NDT Global, while Jefferies LLC acted as exclusive financial advisor to NDT Global.

    Sidley Austin LLP acted as legal advisor to Entegra, while Baird acted as its exclusive financial advisor.

    ABOUT NDT GLOBAL

    NDT Global is the leading provider of in-line diagnostic solutions, integrity management and subsea robotics solutions, offering advanced data insights and services that ensure the safety and longevity of energy-sector infrastructure assets. Recognized as the forerunner in ultrasonic inspection innovations—including Pulse Echo, Pitch-and-Catch, Phased Array, and Acoustic Resonance (ART Scan) technologies — the company continues to push technological advancement and the introduction of revolutionary new inspection technologies, including gas pipelines, to ensure the safety of its customers’ critical assets. NDT Global employs approximately 880 people. Learn more at www.ndt-global.com.

    ABOUT ENTEGRA

    Recognized as the industry-leading, trusted supplier of in-line inspection services for corrosion, 3rd party damage, pipe grade classification, hard spot assessment, and for assessing the effectiveness of cathodic protection systems for oil and gas pipelines, Entegra provides the most thorough, clear, and nuanced knowledge about the condition of pipelines inspected. The Company offers ultra-high resolution axial MFL, circumferential MFL, Caliper, low-field, GPS mapping, and cathodic protection current mapping services for critical energy infrastructure. Learn more at www.entegrasolutions.com.

    ABOUT NOVACAP

    Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market and lower-middle market companies in four core sectors: Technologies, Digital Infrastructure, Industries and Financial Services. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over C$11 billion in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution. For more information, please visit: https://novacapcorp.com.

    ABOUT LA CAISSE

    At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec’s economic development.

    As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2024, La Caisse’s net assets totaled CAD 473 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.

    La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries.

    ABOUT AMBERJACK CAPITAL PARTNERS

    Amberjack Capital is a private equity firm that invests in and partners with entrepreneurs and business owners to build market leaders serving the industrial, infrastructure and environmental services end markets. Often the first institutional investor in founder-led companies, Amberjack has a particular focus on supporting high performing companies undertaking strategic or transformative initiatives. Headquartered in Houston, TX, the firm has raised $2.1 billion of committed capital since its inception in 2006 and has invested in over 50 companies.

    For more information:

    Tracey Murray
    Director, Marketing
    NDT Global
    Tel.: (403) 819-9351
    tmurray@ndt-global.com

    The MIL Network –

  • MIL-OSI USA: VIDEO: Ricketts Fights for America’s Producers

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)

    WASHINGTON, D.C. – This week, during his weekly press call with Nebraska media, U.S. Senator Pete Ricketts (R-NE) discussed the One Big Beautiful Bill and his work to secure the future for those who feed and fuel America.

    Watch the video here.

    “Agriculture is the heart and soul of what we do in Nebraska,” said Ricketts.  “Family farms, ranches, and agri-businesses are the backbone of communities across our state.  The One Big Beautiful Bill helps producers today and lays the foundation for strong agricultural growth tomorrow. It grows our economy at home and will help gain new markets abroad.”

    TRANSCRIPT:

    Senator Ricketts: “Agriculture is the heart and soul of what we do in Nebraska. 

    “Family farms, ranches, and agri-businesses are the backbone of communities across Nebraska. 

    “The One Big Beautiful Bill helps producers today and lays the foundation for strong agricultural growth tomorrow.  

    “It grows our economy at home and will help gain new markets abroad. 

    “The One Big Beautiful Bill (OBBB) secures the future for those who feed and fuel America—and the world.  

    “The One Big Beautiful Bill backs our way of life. 

    “First of all, the bill avoided a $2,400 tax increase that would have hit the average Nebraska family. 

    “That’s $2,400 that Nebraskans can continue to spend on groceries, electric bills or to save for a family vacation.   

    “The bill also helps farmers plan for the next generation. 

    “Over 80% of Nebraska’s farms are family-owned. 

    “The 2017 Tax Cuts and Jobs Act cut in half the number of farm and ranch families that were going to be subject to the Death Tax. 

    “The Big Beautiful Bill ensures the Death Tax exemption will now be permanent and rise with inflation. 

    “This will ensure that over $200 billion in hard-earned family farm assets across the country will go to the next generation and not the government. 

    “Now, more farms will be passed down, not taxed away to Uncle Sam.  

    “The 45Z clean fuel production credit is another major win for Nebraska. 

    “Biofuels are a win for consumers who save money at the pump. 

    “It’s a win for the environment, because it helps clean up our environment, and it’s a win for our farmers and ranchers. 

    “Last year, Nebraskans saved $325 million using ethanol blends. 

    “Last time I fueled up at Hy-Vee with E10, I saved 55 cents per gallon. 

    “The 45Z credit boosts biofuel production and creates value for farmers and ranchers. 

    “It narrows eligible feedstock commodities to North America, protecting Nebraska farmers from foreign competition. 

    “Producers in Communist China should be prevented from receiving American tax subsidies. 

    “All of this boosts demand for row crops and renewable fuel production. 

    “That means more jobs and better prices. 

    “Nebraska’s 25 ethanol plants support 1,300 jobs and have a $6 billion impact. 

    “The credit gives investors the certainty they need to hire and expand. 

    “Nebraska agriculture feeds and fuels the world. 

    “When I was Governor, I led trade missions to places like Japan and Vietnam to build strong relationships between foreign importers and Nebraska producers. 

    “I launched an international trade council to discover new opportunities for overseas markets. 

    “Nebraska’s economy thrives when our producers can reach high-paying global markets. 

    “Recognizing this, the One Big Beautiful Bill strengthens the Supplemental Agricultural Trade Promotion Program. 

    “It provides $285 million annually to promote U.S. agricultural exports. 

    “It doubles funding for the Market Access Program and the Foreign Market Development program. 

    “That means more demand for Nebraska beef, corn, and soybeans abroad. 

    “Simply put, when agriculture thrives, so does the entire Nebraska economy. 

    “Maintaining current exports and opening up markets under the bill will help get better prices for their products for our producers.

    “The big beautiful bill gives critical support to young farmers and ranchers, as well, taking over the family business or starting out on their own.  

    “The Beginning Farmer and Rancher Development Benefit was extended from five years to ten years.  

    “That gives new producers access to critical risk management tools.   

    “The bill also supports educational access for rural students.   

    “It excludes agricultural assets from student financial aid calculations. 

    “That means farm kids will not be discriminated against when applying for financial aid.  

    “For young Nebraskans, the bill expands Pell Grant eligibility to short-term job training. 

    “That includes hands-on fields like welding, diesel tech, and irrigation systems. 

    “Now, a young Nebraskan in Scottsbluff, for example, can learn a trade and start working at places like Aulick Industries without piling up debt.  

    “The One Big Beautiful Bill helps Nebraska producers grow and reinvest. 

    “Full expensing is now permanent for property like tractors and other heavy machinery. 

    “A corn grower in Custer County will be able to fully write off a new, more efficient combine. 

    “Another provision in the bill boosts expensing for tools and equipment. 

    “This helps small businesses from welders to seed dealers invest to improve productivity. 

    “The Big Beautiful Bill gives producers needed updates to the farm safety net. 

    “Reference prices now reflect today’s markets. 

    “Drought aid under the Livestock Forage Program has been improved. 

    “Now, producers facing feed losses from grazing shortfalls will see faster relief. 

    “These updates give producers support, stability, and long-term certainty.  

    “Nebraska’s future depends on certainty for farmers, ranchers, and agri-business. 

    “The One Big Beautiful Bill supports agriculture today and protects the next generation of farmers and ranchers. 

    “That is how we keep producing the Good Life.” 

    MIL OSI USA News –

  • MIL-OSI USA: 07.31.2025 Sen. Cruz Introduces Bill Safeguarding Schools From Influence by Foreign Adversaries

    US Senate News:

    Source: United States Senator for Texas Ted Cruz

    WASHINGTON, D.C. – U.S. Sens. Ted Cruz (R-Texas) and Cynthia Lummis (R-Wyo.) introduced the Transparency in Reporting of Adversarial Contributions to Education (TRACE) Act to enhance transparency for parents regarding foreign funding in K-12 schools.
    Sen. Cruz said, “The Chinese Communist Party spends vast resources to control what Americans see, hear, and ultimately think. Our foreign adversaries are actively targeting American educational institutions, and the TRACE Act will help protect our classrooms from foreign influence by providing parents with the transparency they deserve. I urge my colleagues to pass this legislation without delay.”
    Sen. Lummis said, “The Chinese Communist Party has spread its influence across American life, targeting our farmland, technology, and even school systems. Parents deserve peace of mind knowing their children are learning American values, not propaganda from our foreign adversaries. This legislation prioritizes transparency while protecting our children from harmful foreign agendas.”
    Companion legislation was introduced in the House by Rep. Aaron Bean (R-FL-04).
    Rep. Bean said, “American schools are for education, not espionage. We cannot allow our students—the future of our great nation—to be corrupted by foreign adversaries who are systematically and aggressively attempting to influence our nation’s K-12 schools. That’s why it’s crucial we parents understand the potential impact of foreign influence on our children’s classrooms and take concrete steps to prevent foreign nations from reaching America’s youth. I want to thank Senator Cruz for joining me in this critical effort and spearheading this legislation in the Senate.”
    This bill is supported by the Parents Defending Education Action and Heritage Action.
    Alfonso Aguilar, Director of Federal Affairs for Parents Defending Education Action said, “Senator Cruz’s TRACE Act is extremely necessary. Parents should know if a foreign government or entity is providing funding to their children’s schools, trying to influence what is taught to them or seeking to access important data and intellectual property. A 2023 investigation from our partner organization Defending Education uncovered Chinese Communist Party (CCP) influence in numerous public schools and school districts across the nation. Their research showed that entities with ties to the CCP such as the Confucius Institutes have provided curriculum content, funding and Chinese teachers to U.S. public schools. Disturbingly, they also found that the Chinese government efforts appeared to target school districts near over twenty American bases. Our investigation, however, only discovered some or the CCP’s growing involvement in our public schools. The TRACE Act would ensure that parents have a full and continuous accounting of China’s meddling in their children’s education.”
    Read the full text of the bill here.
    BACKGROUND
    The Transparency in Reporting of Adversarial Contributions to Education (TRACE) Act will:

    Require schools to allow parents the opportunity to review curriculum that has been provided by or purchased with foreign funds.
    Require that schools notify parents of any foreign contracts or financial transactions they partake in.
    Stipulate parents be notified of how many school employees are being compensated by another country or foreign adversary, and whether foreign nations have donated to the institution.

    Sen. Cruz first introduced this legislation in 2024.

    MIL OSI USA News –

  • MIL-OSI USA: Kaine, Curtis, And Merkley Introduce Bipartisan Bill to Address Crimes in Brazilian Amazon and Strengthen Regional Stability

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – Today, U.S. Senators Tim Kaine (D-VA), John Curtis (R-UT), and Jeff Merkley (D-OR), senior members of the Senate Foreign Relations Subcommittee on the Western Hemisphere, introduced the Strengthening the Rule of Law in the Brazilian Amazon Act. The bipartisan legislation addresses crimes committed by transnational criminal organizations and drug trafficking groups, which are devastating communities in and around the Brazilian Amazon, upending the rule of law, and accelerating environmental degradation and deforestation. Violent deaths in the Brazilian Amazon are significantly higher than in other parts of the country. The bill would provide the U.S. government with more tools to support U.S.-Brazil efforts to address these crimes and prioritize identifying investment opportunities for U.S. companies in the Brazilian Amazon.

    “Addressing cartel violence and deforestation in the Brazilian Amazon is important to protecting our national security, promoting stability in the Western Hemisphere, and preserving the environment,” said Kaine, Ranking Member of the SFRC Subcommittee on the Western Hemisphere. “I’m proud to join with Senators Curtis and Merkley to introduce this bipartisan legislation to expand the United States’ role in cracking down on violence, forced displacement, and environmental degradation in the Amazon.”

    “Criminal networks thrive where the rule of law is weak—and when they do, both people and the planet suffer,” said Curtis, Chair of the SFRC Subcommittee on the Western Hemisphere. “This bill helps us partner with Brazil to crack down on lawlessness in the Amazon and support a model of conservation that is also rooted in economic opportunity.“

    “The Amazon provides sanctuary for countless wildlife, and the trees of this tropical forest support not only Brazil’s environment, but also the lungs of the planet,” said Merkley, a senior member of the Senate Foreign Relations Committee.?“As the impacts of climate chaos become deadlier and more frequent—threatening our health, planet, and future—the U.S. must support Brazil’s efforts to stand against the criminal and often violent efforts driving deforestation and environmental degradation in the Brazilian Amazon.”

    Specifically, the bipartisan Strengthening the Rule of Law in the Brazilian Amazon would:

    • Direct the U.S. Secretary of State, in coordination with other U.S. federal agencies, to prioritize supporting Brazil’s efforts to identify and disrupt transnational criminal networks committing environmental crimes.
    • Direct support to local communities and vulnerable areas in the Brazilian Amazon.
    • Recommend the U.S. International Development Finance Corporation (DFC) place an individual in Brazil responsible for identifying sustainable economic opportunities for U.S. businesses in the Brazilian Amazon.
    • Require the Secretary of State to submit a report to Congress regarding drivers of deforestation and environmental degradation in the Brazilian Amazon.
    • Advise the United States to encourage international financial institutions to prioritize promoting sustainable development in the Amazon and oppose loans or programs that would exacerbate environmental crimes in the region.

    Full text of the bill is available here.

    MIL OSI USA News –

  • Judges question whether Trump tariffs are authorized by emergency powers

    Source: Government of India

    Source: Government of India (4)

    U.S. appeals court judges sharply questioned on Thursday whether President Donald Trump’s tariffs were justified by the president’s emergency powers, after a lower court said he exceeded his authority with sweeping levies on imported goods.

    The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., is considering the legality of “reciprocal” tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canada and Mexico.

    In hearing arguments in two cases brought by five small U.S. businesses and 12 Democratic-led U.S. states, judges pressed government lawyer Brett Shumate to explain how the International Emergency Economic Powers Act (IEEPA), a 1977 law historically used for sanctioning enemies or freezing their assets, gave Trump the power to impose tariffs.

    Trump is the first president to use IEEPA to impose tariffs.

    The judges frequently interrupted Shumate, peppering him with a flurry of challenges to his arguments.

    “IEEPA doesn’t even say tariffs, doesn’t even mention them,” one of the judges said.

    Shumate said that the law allows for “extraordinary” authority in an emergency, including the ability to stop imports completely. He said IEEPA authorizes tariffs because it allows a president to “regulate” imports in a crisis.

    The states and businesses challenging the tariffs argued that they are not permissible under IEEPA and that the U.S. Constitution grants Congress, and not the president, authority over tariffs and other taxes.

    Neal Katyal, a lawyer for the businesses, said the government’s argument that the word “regulate” includes the power to tax would be a vast expansion of presidential power, Katyal said.

    The arguments – one day before Trump plans to increase tariff rates on imported goods from nearly all U.S. trading partners – mark the first test before a U.S. appeals court of the scope of his tariff authority. The president has made tariffs a central instrument of his foreign policy, wielding them aggressively in his second term as leverage in trade negotiations and to push back against what he has called unfair practices.

    Trump has said the April tariffs were a response to persistent U.S. trade imbalances and declining U.S. manufacturing power.

    He said the tariffs against China, Canada and Mexico were appropriate because those countries were not doing enough to stop illegal fentanyl from crossing U.S. borders. The countries have denied that claim.

    Shumate cited a 1975 appeals court decision that authorized President Richard Nixon’s across-the board surcharge of 10% on imported merchandise to slow inflation. But that decision added that the president did not have authority to impose “whatever tariff rates he deems desirable.”

    Shumate also said that courts cannot review a president’s actions under IEEPA or impose additional limits that are not included in the law. Several judges said that the argument would essentially allow one law, IEEPA, to overwrite all other U.S. laws related to tariffs and imports.

    Katyal said the Trump administration’s argument ignored the more limited nature of Nixon’s tariffs and changes to the law since the 1970s.

    “No trade law in 200 years has been interpreted to give the president this power,” Katyal said.

    The case is being heard by a panel of all of the court’s active judges, eight appointed by Democratic presidents and three appointed by former Republican presidents. The timing of the court’s decision is uncertain, and the losing side will likely appeal quickly to the U.S. Supreme Court.

    TRADE NEGOTIATIONS

    Tariffs are starting to build into a significant revenue source for the federal government, with customs duties in June quadrupling to about $27 billion, a record, and through June have topped $100 billion for the current fiscal year. That income could be crucial to offset lost revenue from Trump’s tax bill passed into law earlier this month.

    But economists say the duties threaten to raise prices for U.S. consumers and reduce corporate profits. Trump’s on-again, off-again tariff threats have roiled financial markets and disrupted U.S. companies’ ability to manage supply chains, production, staffing and prices.

    On May 28, a three-judge panel of the U.S. Court of International Trade sided with the Democratic states and small businesses that challenged Trump. It said that the IEEPA did not authorize tariffs related to longstanding trade deficits.

    The Federal Circuit has allowed the tariffs to remain in place while it considers the administration’s appeal.

    The case will have no impact on tariffs levied under more traditional legal authority, such as duties on steel and aluminum imports.

    The president recently announced trade deals that set tariff rates on goods from the European Union and Japan, following smaller trade agreements with Britain, Indonesia and Vietnam. Trump’s Department of Justice has argued that limiting the president’s tariff authority could undermine ongoing trade negotiations, while other Trump officials have said that negotiations have continued with little change after the initial setback in court.

    Trump has set an August 1 date for higher tariffs on countries that don’t negotiate new trade deals.

    There are at least seven other lawsuits challenging Trump’s invocation of IEEPA, including cases brought by other small businesses and California.

    A federal judge in Washington, D.C., ruled against Trump in one of those cases, and no judge has yet backed Trump’s claim of unlimited emergency tariff authority.

    (Reuters)

  • MIL-OSI USA News: ICYMI: “Trump nailed the biggest trade deal in American history and proved everyone wrong – again!”

    Source: US Whitehouse

    President Donald J. Trump’s trade deal with the European Union has been hailed as among the most consequential trade deals in history — securing massive investments, finally addressing the lopsided trade deficit, securing new market access, and more.

    It’s just the latest example of just how wrong President Trump’s critics have been — a fact highlighted by the New York Post’s Miranda Devine in a new op-ed:

    “When President Trump nailed the biggest deal in history on Sunday with the European Union on trade, you could almost hear the sound of egg splattering all over the faces of experts across the Atlantic.

    Economists, Democrats and Never-Trumpers have confidently predicted economic doom and gloom, ever since the self-proclaimed Tariff Man declared April 2 as ‘Liberation Day,’ fulfilling his long-held personal theory that tariffs are key to economic wealth.

    Trade war! Recession! Stagflation! Skyrocketing inflation! Stock market crash!

    You name it, they predicted Trump’s tariffs would sink the economy.

    Trump was defying economic orthodoxy, so he just had to be wrong.

    But it’s turned out that the lofty group-thinkers were wrong, not that most of them will admit it.”

    Click here to read the full article.

    MIL OSI USA News –

  • MIL-OSI USA: Attorney General Bonta Issues Consumer Alert Amid Increase in Reported Scams Targeting the Military Community

    Source: US State of California

    Thursday, July 31, 2025

    Contact: (916) 210-6000, agpressoffice@doj.ca.gov

    Does an offer seem too good to be true? Take a tactical pause to evaluate  

    OAKLAND — In recognition of Military Consumer Month, Attorney General Rob Bonta today issued a consumer alert to help protect California service members, veterans, and their family members from targeted common scams and fraud. The military community and their families are often targets for predatory scammers: According to the Federal Trade Commission, military consumers nationwide reported over 99,400 fraud complaints last year — an increase from 2023’s approximately 93,000 complaints — including 44,587 imposter scams that reportedly cost them and their families over $199 million.  

    “More and more often, service members, veterans, and their families are targets for predatory scammers promising everything from home loans to jobs, and continuing education. This is absolutely unacceptable. As part of our commitment to protect those who protect us, my office will continue to bring the full force of the law against those who seek to exploit California’s military community,” said Attorney General Bonta. “If you have fallen victim to a scam or suspect fraudulent activity, get help and share your story so that we can help your fellow service members. You can report fraud to your local military or civilian law enforcement agency, or to the California Department of Justice at oag.ca.gov/report.”

    Why is the Military Community Targeted? 

    Military service members, veterans, and their families are frequently targeted by scammers who want access to their pay and benefits, and who know that military members will often pay even fraudulent or over-stated debts to avoid security clearance issues or other disruptions to their military careers. In addition, the camaraderie that unites the military community is often exploited by impostors who claim to be veterans in attempts to perpetrate scams or access personal information for fraudulent purposes.   

    Common Scams Targeting the Military Community:

    Scammers use a variety of tactics to gain trust. Protect yourself by staying up to date on common military- and veteran-targeted scams. Beware of the following: 

    • Charity Scams: Just because a charity includes the word “veteran” in its name doesn’t mean that veterans are members of the group, or that veterans or their families will benefit from a donation. Scammers will use names that sound legitimate or those that mimic the names of well-known charities to create confusion. Take the time to make an informed decision and be wary of aggressive solicitations. Go to oag.ca.gov/charities, under the Resources & Tools section, and click on Registry Verification Search. If a charity is not listed, it should not be soliciting funds in California. If it is listed, you can view its financial reports, including the IRS Form 990 that the charity is required to file with DOJ’s Registry of Charitable Trusts.
    • Predatory Schools: The GI Bill and other military education programs offer you the chance to attend school and plan for your future, but for-profit schools sometimes target service members and veterans with false promises. Slow down and take the time you need to make the right decision. Predatory schools often use high-pressure sales tactics to try to get you to sign up. It’s important to ask for information about the programs, such as graduation rates, job placement, and graduate salary information. Offers that seem too good to be true generally are. Further, don’t forget that educational opportunities at the California Community Colleges, California State University, and University of California may be available to you. 
    • Home Loan Scams: Be aware of scammers that — through phone calls or fraudulent mailers — claim to be affiliated with the government, the Department of Veterans Affairs, or your home loan servicer. These fraudsters may attempt to convince you to agree to loan modifications, refinance your home, or make payments on your loans. Be cautious of any individual or lender that contacts you and asks you to pay fees upfront before receiving any services; tells you to cancel your mortgage payment and resend the funds elsewhere; tells you to make payments to someone other than your current loan servicer; or pressures you to sign papers you haven’t had a chance to read thoroughly or that you don’t understand — including asking you to sign over the title to your property. 
    • Identity Theft and Fraud: Some scammers will pretend to be from the Department of Defense, Department of Veterans Affairs, or other official organizations in order to get your personal information so that they can commit identity theft or fraud. Before you provide any information, always make sure a request is coming from an official organization by doing a quick search on the internet or consulting a trusted source to get the organization’s real contact information. Never trust the contact information given by the person that is asking for your personal information, as scammers often give out fake contact information. Be wary of letters and emails that have misspellings, look unprofessional, or send you to a non-government website for information or action, as these are almost always fake. Lastly, never give out your Social Security number to receive military or veteran discounts. Scammers often promise military or veteran discounts in order to obtain personal information. 
    • Job Scams: Service members looking for new career opportunities after leaving service are a target for scammers posting fictitious job listings with the goal of stealing their personal information and finances. Avoid becoming a victim of job scams by conducting thorough research on the company. Additionally, stick to well-known job search platforms and government career websites when looking for job opportunities. Remember, legitimate employers will never require you to pay fees for applications, interviews, or background checks. You should also look out for fake check scams, which occur when a scammer posing as an employer sends you a counterfeit check to deposit into your account. The scammer will then ask you to send a portion of the funds back to them or a third party, while letting you keep some as payment. Eventually, the bank reverses the fake check, leaving you stuck paying the money back to the bank. If something feels off or suspicious during the job search, trust your instincts and end communication immediately.
    • Pension Scams: Veterans ages 65 and over are targeted by scam financial advisers who try to persuade senior veterans to buy costly annuities or transfer their assets into trusts, or pay unnecessary and illegal fees for help with a veterans pension application. These “advisers” claim to help veterans qualify for Aid and Attendance or other veterans benefits, but may cause you to lose eligibility or access to pension, disability, or healthcare benefits. If you are interested in Aid and Attendance or other veterans benefits, you can get free help from your County Veterans Service Office here.
    • Affinity Fraud: Affinity scams target members of identifiable groups, including the military. The perpetrators are — or pretend to be — members of the targeted group, and use sales pitches that rely on group trust and loyalty. In the military community, this includes exploiting the trust that service members have for their fellow service members, and for veterans who previously served. Don’t make a significant purchase, or an investment decision, based on the salesperson’s supposed military service, or the claim that a business is military-friendly or endorsed by the Armed Forces. Take a tactical pause, and shop around for the best deal.
    • Debt Collection and Illegal Threats: Debt collectors may try to trick or scare service members into making payments on debts. It is illegal for debt collectors to do any of the following: revoke your security clearance; contact your command in order to collect a debt (unless they have your consent, given after the debt came due, to do so); discipline or demote you; or garnish your pay. If a debt collector is trying to collect a debt that you do not owe or have already paid, dispute the debt in writing. Tell the debt collector why you do not owe the debt, include copies of any evidence you have, and mail this dispute to the debt collector using registered mail so that you have proof that the collector received it — and make sure to keep copies of everything for yourself. If you dispute the debt within 30 days after the collector first contacted you, the collector must stop collection until it shows you written proof of the debt.
    • Rental Housing Scams: These scams target military personnel looking for housing near a base, especially prevalent during the Permanent Change of Station season. Scammers pretend to be real estate agents and post fake ads for rental properties on websites, sometimes promising military discounts and other incentives in order to get service members to send them money for fees and deposits upfront. If someone insists on receiving money or other payments before a property has been seen, it is likely a rental scam. Avoid wiring money to reserve apartments, and use your installation housing office or established property management companies to locate potential housing. 
    • Predatory Auto Sales and Financing: Car dealers located near military bases may try to lure service members with promises of special deals for military personnel. Often, these so-called deals conceal the terms of purchase for the vehicle and result in the service member drastically overpaying for both the vehicle and the cost of financing. For example, dealers may insist that military personnel will not qualify for financing unless they purchase overpriced and unnecessary add-ons. Other times, the dealer may tell a service member who just purchased a car that the initial financing fell through and insist on renegotiating for worse terms. You should not rely on oral promises, nor feel pressured to enter into any purchase, without first reading and understanding the contract. If you are looking to purchase a car, you should explore all of your options for financing — including by contacting your bank or credit union — before making a purchase.  

    Protect Yourself from Scams:  

    • Bring a battle buddy when making big decisions, and take a tactical pause: Take your time with big decisions and get advice. A business that pressures you to make a quick decision or to not talk with your family, friends, a military financial counselor, or an officer or NCO that you trust may be out to scam you.
    • Take advantage of free annual credit reports: You are entitled to one free credit report every year from each of the three national credit bureaus: Equifax, Experian and TransUnion. Your credit history contains information from financial institutions, utilities, landlords, insurers, and others. By checking your credit reports at least once a year, you can identify signs of identity theft, as well errors in your report that could be raising the cost of your credit. Order your free annual credit reports by phone, toll-free, at 1-877-322-8228, or online at www.annualcreditreport.com.
    • Place a Fraud Alert: If your identity is stolen, put a fraud alert on your credit report by contacting the three main credit reporting agencies: Equifax, Experian, and TransUnion. Also, consider requesting a credit freeze, which will restrict access to your credit file, making it difficult for identity thieves to open new accounts in your name. Report identity theft right away and get a recovery plan at identitytheft.gov. Additionally, file a police report with your local sheriff or police department and keep a copy for your records.
    • Report Suspicious Activity: Never give out personal information to a lender or servicer that contacts you out of the blue. If you are feeling unsure, hang up and call your loan servicer directly at the number that is listed on your mortgage statement. Report suspicious activity to the Office of the Attorney General at oag.ca.gov/report and file a complaint with the FTC at reportfraud.ftc.gov.
    • Protect your online information and accounts with strong passwords: Protect yourself by using different, unique passwords for each of your online accounts. Make sure that the passwords you use are at least eight characters, including a mix of letters, numbers, and symbols.
    • Check your credit card bills and bank statements often: Look for unauthorized charges, withdrawals, or unexpected bills, and report irregular activity to your bank as soon as you see it. If you notice that a bill didn’t arrive on time, it may mean that someone has changed the contact information on your account in order to hide fraudulent charges. Don’t share personal information: Be careful about what personal information you share, such as your address or financial information.
    • Sign up for the Enhanced Homeowner Notification Program: If you reside in Los Angeles County, you may sign up to receive mailed copies of documents recorded against your home, allowing you to review recorded real estate documents so you are aware of actions taken against your property.

    If you believe you have been the victim or target of a scam, immediately contact your local police department or reach out to your base legal office. For the legal office’s contact information, ask your command or visit to legalassistance.law.af.mil/. California National Guard personnel can also obtain legal help at calguard.ca.gov. You may also file a complaint with the Office of the Attorney General at oag.ca.gov/report. For additional information on military-targeted scams, visit our website at oag.ca.gov/consumers/general/military.

    # # #

    MIL OSI USA News –

  • MIL-OSI: LYNO Launches Early Bird Presale Phase with 16 Million Tokens at $0.050

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, British Virgin Islands, July 31, 2025 (GLOBE NEWSWIRE) — LYNO, a decentralized cross-chain arbitrage protocol powered by artificial intelligence (AI), has officially launched the Early Bird phase of its token presale. This initial phase is offering 16 million $LYNO tokens at the price of $0.050 per token. Once this allocation is sold out, the next phase will see the token price increase to $0.055. This announcement marks the beginning of LYNO’s public sale process as it aims to distribute 28% of its total token supply through a seven-phase community presale.

    This milestone represents a significant step forward in LYNO’s roadmap as it prepares for its official platform deployment. The project’s token sale structure is designed to progressively increase the token price at each stage, incentivizing early participation and distributing value to early supporters.

    Purpose-Built Arbitrage Protocol for DeFi

    LYNO is engineered to automate cross-chain arbitrage opportunities across fragmented decentralized finance (DeFi) markets. Its infrastructure enables users to benefit from price inefficiencies across different blockchain networks, executing profitable trades without requiring any manual intervention. The platform supports over 15 EVM-compatible chains, maximizing market coverage and arbitrage scope.

    The protocol operates on a four-layer architectural model: Data, AI, Execution, and Settlement. This layered system allows LYNO to constantly monitor real-time price feeds, apply machine learning algorithms to identify profitable opportunities, and execute trades using smart contracts and flash loans. This approach aims to deliver high-speed execution and accuracy, setting the stage for a more efficient decentralized trading environment.

    Integration with Leading Blockchain Bridges

    LYNO’s design includes compatibility with several of the leading cross-chain messaging and liquidity bridges. This includes integration with LayerZero, Axelar, Wormhole, and others, which ensures seamless capital movement across networks. By using these bridges, LYNO can minimize slippage, reduce latency, and increase transaction success rates in arbitrage operations. These integrations are essential for real-time cross-chain trading, enabling LYNO to maintain its operational speed and accuracy across diverse DeFi markets.

    Utility and Tokenomics

    The $LYNO token is central to the protocol’s operation. It will serve multiple functions within the LYNO ecosystem, including:

    • Governance participation: Token holders can vote on protocol upgrades, fee structures, and future proposals.
    • Staking: Users can stake tokens to receive a share of the protocol’s profits.
    • Tool access: Holders can unlock AI-based real-time analytics and arbitrage monitoring tools.

    LYNO has implemented a multi-layered tokenomic model designed to align user incentives with the long-term success of the platform. Key features include:

    • Buyback and burn mechanisms to support price stability and reduce circulating supply.
    • Liquidity mining incentives for early liquidity providers.
    • Revenue sharing model distributing up to 60% of platform fees to stakers and participants.

    These mechanisms are intended to increase transparency, support decentralization, and maintain consistent user engagement. The project has been audited by Cyberscope, further enhancing its credibility and focus on smart contract security.

    How to Participate in the Presale

    Investors who wish to take part in the Early Bird presale can do so by connecting their wallets—such as MetaMask, Trust Wallet, or any WalletConnect-compatible wallet—to the LYNO presale platform at https://lyno.ai/#presale. The supported payment options for purchasing $LYNO tokens include ETH, USDC, and USDT. Tokens purchased during the presale will be claimable after the conclusion of all presale phases.

    This Early Bird phase is time-sensitive and available on a first-come, first-served basis. After the initial 16 million tokens are sold, the token price will increase from $0.050 to $0.055 in the next stage. This price progression will continue through the subsequent rounds, designed to reward early contributors before the token listing on exchanges.

    Building a Transparent and Automated DeFi Future

    LYNO is part of a new wave of DeFi protocols aiming to reduce inefficiencies and human error in the arbitrage trading process. By leveraging artificial intelligence, cross-chain compatibility, and fully automated systems, LYNO introduces an alternative to manual DeFi trading strategies.

    With increasing fragmentation in liquidity across blockchains and growing interest in interoperable DeFi solutions, LYNO’s protocol arrives at a time when seamless arbitrage execution is becoming increasingly important. The LYNO platform aims to help users unlock value from market inefficiencies while offering governance and income opportunities via staking and community engagement.

    About LYNO

    LYNO is an AI-powered, decentralized cross-chain arbitrage protocol built to automate real-time profitable trades across multiple EVM-compatible chains. The protocol is designed to optimize DeFi trading by offering speed, transparency, and efficiency while leveraging powerful AI technologies and smart contract automation. LYNO’s infrastructure is compatible with top bridge solutions, making it a versatile and forward-looking solution for decentralized arbitrage.

    For More Information, Please Visit:

    Contact:
    LYNO AI
    Email: contact@lyno.ai

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7f1c0f27-b1f5-4966-b736-ef6709c13738

    https://www.globenewswire.com/NewsRoom/AttachmentNg/88ca5dde-10a7-4491-b8c2-fd5abf715a3a

    The MIL Network –

  • MIL-OSI USA: Lee Introduces Protecting American Jobs Act

    US Senate News:

    Source: United States Senator for Utah Mike Lee

    WASHINGTON – U.S. Senator Mike Lee (R-UT) introduced legislation today to ensure unbiased due process for American workers and businesses in labor practice complaints. The Protecting American Jobs Act blocks the National Labor Relations Board (NLRB) from prosecuting and adjudicating cases – returning adjudicatory power to the U.S. Courts where it belongs and eliminating biased court decisions.

    “Business disputes should be given a fair trial – not biased decisions from federal bureaucrats cosplaying as judges,” said Senator Mike Lee. “The NLRB should never be allowed to adjudicate the very cases it is prosecuting. My legislation will restore the right to a fair trial for workers and businesses as outlined by the Constitution, providing them due process and protection from biased bureaucrats.” 

    Background:

    The National Labor Relations Board (NLRB) currently investigates and adjudicates union representation disputes, unfair labor practice complaints, and contract disputes with federal court review only allowed in limited circumstances. This means that the NLRB acts as investigator, prosecutor, and judge with an unelected and unaccountable membership that turns over every few years – a structure poorly suited to ensure due process for either employees or employers. This bureaucratic and political mess results in delayed complaint resolutions, a damaged economy, and stalled business decisions which in turn stunt job growth.

    Congress should return the adjudicatory functions of the NLRB to the U.S. Courts as designed by the Constitution and revoke the Board’s power to prosecute unfair labor practice charges. Under this system, victims of unfair labor practices could still bring forth complaints for the NLRB to investigate, but the power to hear and adjudicate complaint cases would remain with the U.S. Court system, as in the adjudication of all other disputes between private parties. 

    Removing the influence of a politically charged federal agency would remove the “thumb on the scale” in these proceedings, providing both workers and businesses with a simplified and unbiased method for resolving disputes and a consistent set of regulations to follow.

    The Protecting American Jobs Act:

    • Removes the NLRB General Counsel’s power to issue complaints related to unfair labor practices.
    • Limits the Board’s rulemaking authority to rules concerning the internal functions of the Board.
    • Removes the Board’s power to bring charges of unfair labor practices and to adjudicate those charges and instead provides the Board with the authority to investigate unfair labor practices.
    • Moves relief of unfair labor practices to the courts where an aggrieved party may bring a civil action.
    • Requires the NLRB to review and revise its regulations to comply with these changes.

    MIL OSI USA News –

  • MIL-OSI Russia: Tatyana Golikova held a meeting on the national project “Personnel”.

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Deputy Prime Minister Tatyana Golikova held a meeting of the project committee for the national project “Personnel”. The meeting was attended by Minister of Labor and Social Protection Anton Kotyakov, head of the State Council commission on “Personnel”, Governor of the Kaluga Region Vladislav Shapsha, representatives of the Ministry of Education and Science, the Ministry of Education, the Ministry of Finance, the Federal Agency for Youth Affairs and others. The meeting participants discussed the results of the national project implementation in the first half of 2025, as well as the federal projects included in it.

    As noted by Tatyana Golikova, four federal projects are being implemented within the framework of the national project “Personnel”: “Labor Market Management”, “Active Measures to Promote Employment”, “Education for the Labor Market” and “The Labor Person”. Federal projects include measures to actively involve graduates of educational institutions in employment, synchronization of modern qualification requirements in the spheres of labor and education, which will allow for more efficient and high-quality training of personnel for the needs of the economy. In addition, vocational training and additional vocational education are provided for people experiencing difficulties in finding a job, as well as increasing the labor mobility of citizens and the popularity of blue-collar jobs.

    As part of the “Labor Market Management” project, employment centers are being modernized into modern “Work of Russia” personnel centers. They are becoming full-fledged partners of employers in building teams and personal consultants for those wishing to build a career. In total, over 480 centers are planned to be modernized this year; the modernization of the center in Omsk Oblast has already been completed. By the end of 2028, the entire employment service system in the country will be updated. Over 2.5 thousand employees of the employment service have been trained; in total, about 6 thousand employees will be trained this year.

    All regions have approved regional plans to combat illegal employment for the period 2025–2027.

    As part of the implementation of the federal project “Education for the Labor Market”, national rankings of universities and colleges for graduate employment were published on June 15. Since the beginning of the year, a pilot test of methodological recommendations for organizing a system of professional orientation and routing of students and graduates has been conducted in 11 regions. The pilot experience will be replicated throughout the country.

    Preparatory work is underway to modernize career centers. In total, 162 career centers aimed at facilitating graduate employment are planned to be modernized in 2025.

    Under the federal project “Active measures to promote employment” within the framework of the implementation of the vocational training program for certain categories of citizens, 44.2 thousand applications were approved, and 20.7 thousand people were sent for training.

    Within the framework of the federal project “Working Man”, events are planned for the competition “Best in Profession”, the All-Russian Employment Fair, and the All-Russian Competition of Best Practices in Youth Employment.

    On June 27, the federal stage of the All-Russian Job Fair took place. 454 thousand people took part in it. In total, over 529 thousand vacancies were presented by almost 23 thousand employers.

    The regional stages of the “Best in Profession” competition are coming to an end in the regions – a total of 210 regional stages are planned in 73 regions, 183 stages have already been held. The award ceremony will take place in Moscow in early December.

    From June 23 to August 31, the application submission stage for the All-Russian competition of best youth employment practices is underway.

    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 Russia: Government meeting.

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    On the agenda: the results of a working trip to the Far Eastern and Siberian Federal Districts, writing off debt on budget loans to regions, and increasing the grace period for mortgage payments upon the birth of a second child.

    Opening remarks by Mikhail Mishustin:

    Good afternoon, dear colleagues!

    Before we move on to the agenda of today’s Government meeting, I would like to talk about the results of the trip to Omsk Oblast, which became the final point of our major working trip to the Far Eastern and Siberian Federal Districts.

    The region is developing. Significant infrastructure is being actively built, including transport infrastructure, which is part of the high-speed automobile route “Russia” – from St. Petersburg to Vladivostok. It is necessary to complete all planned work within the established deadlines.

    We visited several healthcare and educational facilities. We made a number of decisions on the hospital and clinic for war veterans so that participants in the special military operation could undergo treatment and recovery in comfortable conditions. Comprehensive support for our heroes is one of the key priorities of the Government.

    Agenda of the meeting

    Materials for the Government meeting on July 31, 2025

    We got acquainted with the course of the admission campaign at Omsk University. We will help with equipping its main building with educational equipment. We will allocate additional funds for major repairs of dormitories.

    The region presented its initiative to create an inter-university campus. The modern educational space will become a point of attraction for talented young people. This will be decided within the framework of the competition of the Ministry of Science and Higher Education.

    Participants of the meeting

    List of participants of the Government meeting, July 31, 2025

    In September, the first branch of a foreign university in our country, the Kazakh National University, will begin teaching students in Omsk. Almost everything is ready for its opening. We will continue to strengthen cooperation between the two countries in the field of higher education and scientific research.

    In the Amur Region, we inspected how the reconstruction of the airport complex is being carried out, the expansion of the road that leads to the airport – the most important objects for the region and residents. Here I would ask, Vitaly Gennadyevich (addressing V. Savelyev), you, the Ministry of Transport to monitor the timing and progress of the work.

    We also visited the customs and logistics terminal and the checkpoint on the border with China – Kani-Kurgan. I know how Vitaly Gennadyevich was actively involved in this. This will be a model checkpoint, to which we distribute, among other things, technological solutions built on domestic software products.

    Completion of its construction will increase the volume of transportation on the new bridge crossing over the Amur River. This is only part, I will say again, of the large work on developing cross-border logistics. Almost 180 billion rubles have been allocated for the modernization of points in the next three years, taking into account the prospective trade turnover and priority areas for the country.

    The most important thing now is that plans for launching such facilities in the region and throughout the country as a whole are implemented clearly and on time.

    In the Trans-Baikal Territory, in Chita, a separate meeting was held on issues of grain export development.

    Our own production covers our domestic needs. Let me remind you that Russia is a world leader in wheat and barley supplies abroad. The potential is even higher. It is important to fully realize it. We will continue to support our farmers, expand port capacities, and create the necessary infrastructure for both storage and transportation of products.

    Oksana Nikolaevna (addressing O. Lut), I would like to ask you to create additional opportunities for domestic agricultural producers to enter foreign markets.

    I know there are a number of questions. I also want to tell the members of the Government that we need to help our exporters in this regard.

    This is also necessary to increase the competitiveness of our economy and to fulfill the task approved by the President to increase exports of the Russian agricultural sector.

    We also inspected the perinatal center in Chita. The national project “Family” provides for its re-equipment already this year. Equipment is being received so that both mothers and babies receive modern treatment.

    This work continues throughout the country. In just six years, advanced equipment will be delivered to 142 perinatal centers, including nine federal ones.

    In Transbaikalia, major repairs are also being carried out at medical institutions, and a number of new ones are being created.

    Mikhail Albertovich (addressing M. Murashko), as we agreed, we need to monitor the construction deadlines to ensure their timely opening. This is very important for people. We need to interact more actively with colleagues from the region in this area.

    Issues of improving healthcare infrastructure were also given attention during a working visit to the Altai Republic. There, under the national project “Long and Active Life”, a hospital admissions department was built using federal funds. High-tech medical care will become even more accessible to local residents. It is in demand there.

    With the head of this Russian subject, Andrey Anatolyevich Turchak, we discussed in detail the progress of the implementation of the individual program of socio-economic development, which, by decision of the President, was formed until 2030.

    We also looked separately at how projects that are important for people are being implemented, including those to strengthen transport connectivity. Roads, bridges, and crossings are being repaired. The airport is being modernized. This is also important given the significant growth in tourist flow to this region. Travelers come there from all over Russia and from abroad. In early July, a separate domestic terminal opened in Gorno-Altaisk, and last week, a new international one, in line with all standards. Its first visitors were guests of the International Environmental Conference, in which we took part.

    Together with our colleagues – heads of government of a number of countries, during the plenary session we exchanged a vision of joint work to protect the environment in the interests of the present and future generations. We will strengthen cooperation in this important area.

    In our country, environmental well-being has been approved by the President as one of the national goals. We will continue to do everything necessary to achieve it. First of all, if we list the priorities, this is the conservation of forests, water bodies, rare species of animals and plants, the development of protected areas. We will also continue to form a closed-loop economy.

    The Ministry of Natural Resources needs to expand cooperation with foreign partners in all these areas. Establish an exchange of best practices, create conditions for ecotourism – all the colleagues who spoke spoke about this – so that more people could see pristine nature.

    And I would also like to say that the topic of ecology and environmental protection is very important for our colleagues from the CIS countries.

    This topic is also relevant for the Altai Territory. We discussed this in detail with Governor Viktor Petrovich Tomenko. In the region, with the support of the federal budget, transport accessibility is being improved, and the infrastructure needed for travelers is being formed. Without a doubt, this work should be continued.

    Colleagues, I ask all area curators to constantly monitor how the implementation of projects is proceeding locally.

    I would like to separately mention one important issue that I discussed with the governors of the Amur Region and the Zabaikalsky Krai – emergency situations caused by forest fires.

    The situation has now stabilized. But the fight against the fire required the involvement of additional forces – specialists, heavy equipment, aviation. In connection with which, of course, the costs of the necessary measures have increased. An order has been prepared to provide almost 1.4 billion rubles to these regions, as well as to Krasnoyarsk Krai and the Republic of Buryatia. These funds will be used to compensate for the costs of extinguishing the fires.

    It is difficult to predict fire situations and their intensity accurately, but I ask the leadership of regions where such cases are not uncommon to pay special attention to prevention. There should be no threats to people’s health and safety. And at the same time, of course, it is necessary to monitor the efficiency of spending budget funds.

    On to another topic.

    Document

    The government has written off debt on budget loans to eight regions that have implemented infrastructure projects

    The government continues to stimulate economic development in Russian regions. To do this, we are reducing the financial burden, primarily for those who actively attract investment and build infrastructure. For them, on the instructions of the President, we have provided the opportunity to write off two-thirds of the debt on budget loans. The corresponding rules were adopted in February.

    Today, we will write off such loans for eight more regions in the amount of over 47.27 billion rubles. These are the republics of Kalmykia and Karelia, as well as the Voronezh, Kirov, Kemerovo, Moscow, Smolensk and Tver regions. They previously allocated funds for the implementation of national projects, improvement of housing and utilities, resettlement of citizens from dilapidated housing, support for industry and other purposes.

    Such a decision on debts should have a positive impact on the budget system of these territories, on the dynamics of their development, which will contribute to the fulfillment of many tasks, including social issues.

    And also – about supporting families with children. This is one of the key priorities of the Government’s work, which the head of state has repeatedly drawn attention to. A number of measures have been taken on his instructions. Today we will supplement them with another one.

    A bill has been prepared that is intended to reduce the burden on parents paying off a mortgage. Currently, when a child is born, the borrower is entitled to a six-month credit holiday if his or her income has decreased by more than 20%, and the costs of servicing the loan exceed 40% of average monthly income.

    Now, for those who have given birth to or adopted a second or subsequent child, the grace period will be increased to one and a half years. At the same time, interest on the principal debt will be charged only from the 7th to the 18th month. And they can be paid not immediately, but after the obligations under the current agreement are paid off. In equal parts and with the same frequency as before.

    This will support families during the most difficult period, when one of the parents is caring for a child and is unable to go to work. And of course, we expect that together with other current measures, this will affect the demographic situation in the country as a whole.

    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 Russia: Financial News: Official Analytical Information Publication Calendar for August 2025

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    31.07.202516: 00Total international reserve assets, end of working week*weekly values31.07.2025—Banking System Review (in accordance with the requirements of the IMF SDDS)*01.07.202501.08.202511: 00Monetary base in narrow definition (Weekly values)weekly values06.08.2025—Average monthly actual rates on loans provided by Moscow banks in rubles and US dollars (MIACR, MIACR-IG, MIACR-B, MIACR USD)July 202506.08.2025—Average weighted interest rates on loans and deposits and the structure of loans and deposits by maturity (information on loans provided to non-financial organizations)June 202506.08.2025—Information on allocated funds (information on loans granted to legal entities and individual entrepreneurs; small and medium-sized businesses)01.07.202506.08.2025 –Brief commentary “Lending to legal entities and individual entrepreneurs”01.07.202506.08.2025 –Information bulletin “Information on the mortgage housing lending market in Russia”01.07.202507.08.2025 –Financial assets and liabilities of the Households sector for selected financial instruments01.07.202507.08.2025 –Non-financial sector and household debt ratio for bank loans and issued debt securities01.07.202507.08.2025 –Key performance indicators of mutual investment fundsJune 202507.08.2025—Households sector transactions with financial assets and liabilities for individual financial instruments01.07.202507.08.202516: 00Total international reserve assets, end of working week*weekly values07.08.202516:00International reserves of the Russian Federation (as of the beginning of the reporting date)08.08.202507.08.202516: 00International reserve assets (end of period) (in accordance with IMF SDDS requirements)*July 202507.08.2025—Dynamic series of key performance indicators of mutual investment funds and joint-stock investment fundsJune 202508.08.2025—Average weighted interest rates on loans and deposits and the structure of loans and deposits by maturity (information on loans granted to individuals; deposits of individuals and non-financial organizations)June 202508.08.2025—Information on average arithmetic interest rates on deposits of individuals in rubles, US dollars and eurosJune 202508.08.2025—Brief commentary “Interest rates on credit and deposit operations of credit institutions in rubles”June 202508/08/202511:00Monetary base in narrow definition (Weekly values)weekly values08.08.2025—Monetary base in a narrow definition01.08.202511.08.202516: 00Foreign trade of the Russian Federation in goods (according to the balance of payments methodology)*June 202512.08.2025—Key Stock Market Indicators*July 202513.08.2025—Statistical Bulletin “Lending to Small and Medium-Sized Businesses”June 2025 08/14/2025 16:00Assessment of the balance of payments of the Russian FederationJanuary-June 2025 08/14/2025 16:00Assessment of key aggregates of the balance of payments of the Russian FederationJanuary-June 2025 08/14/2025 16:00Assessment of the external debt of the Russian Federation01.07.202514.08.202516: 00Total international reserve assets, end of working week*weekly values14.08.2025—Central Bank Survey (in accordance with IMF SDDS requirements)*01.08.202514.08.2025 –Short-term external debt of the Russian Federation by remaining maturity01.04.202514.08.2025 –Debt securities owned by Russian banks transferred under repo transactions with the Bank of Russia01.08.202514.08.2025 –Monetary base in a broad definition01.08.202515.08.2025 –Information on early repayment and refinancing of mortgage housing loansII quarter 2025 08/15/2025—Average daily turnover indicators of the interbank loan (deposit) market and repo transactionsJuly 2025 08/15/2025—Key derivative indicators of the ruble exchange rate dynamicsJuly 2025 08/15/2025 16:00The share of non-resident investments in the volume of bond issues of external bond loans of the Russian Federation01.07.202515.08.2025 –Dynamic series of the main indicators of the segment of individual investment accounts (IIA)II quarter 2025 08/15/202511:00Monetary base in narrow definition (Weekly values)weekly values15.08.202516:00Foreign trade of the Russian Federation in services by monthJune 2025 08/15/2025—Currency structure of settlements for the supply of goods and provision of services under foreign trade contracts by geographic zones and currencies of states in accordance with the Order of the Government of the Russian Federation dated 05.03.2022 No. 430-rJune 202520.08.202516:00Assessment of upcoming changes in international reserves and other liquidity in foreign currency of the monetary authorities of the Russian Federation*01.08.202521.08.202516: 00Total international reserve assets, end of working week*weekly values21.08.2025—Central Bank Review01.08.202521.08.2025 –Review of credit institutions01.08.202521.08.2025 –Overview of the banking system01.08.202521.08.2025 –Listed shares of Russian issuers traded on the domestic market01.08.202521.08.2025 –Money supply M2 (national definition)01.08.202521.08.2025 –Variable coupon debt securities issued on the domestic market by type of base indicator01.08.202521.08.2025 –Domestic debt securities issued by interest rate types01.08.202521.08.2025 –Domestic debt securities01.08.202522.08.2025 –International investment position of the Russian Federation in national and foreign currencies01.04.202522.08.202511: 00Monetary base in narrow definition (Weekly values)weekly values26.08.202516:00The share of non-resident investments in the volume of federal loan bond issues01.08.202527.08.202516: 00The share of non-resident investments in the volume of federal loan bond issues01.08.202528.08.202516: 00Total international reserve assets, end of working week*weekly values28.08.2025—Domestic debt securities included in the sustainable development sector01.08.202529.08.2025 –Financial accounts and balance sheets of financial assets and liabilities of the system of national accounts of the Russian Federation01.04.202529.08.2025 –Information on deposited funds (information on loans granted to individuals)01.08.202529.08.2025 –Information on attracted funds (information on funds of organizations, bank deposits (deposits) and other attracted funds of legal entities and individuals, budget funds in accounts opened in credit institutions)01.08.202529.08.2025 –Indicators of the housing (mortgage housing) lending market01.08.202529.08.2025 –Key performance indicators of non-state pension funds operating in the area of compulsory pension insuranceII quarter 2025 08/29/2025—Key performance indicators of non-state pension funds operating in non-state pension provisionII quarter 2025 08/29/2025—Banking System Review (in accordance with the requirements of the IMF SDDS)*01.08.202529.08.202511: 00Monetary base in narrow definition (Weekly values)weekly values01.09.2025—Dynamic series of the main performance indicators of professional participants in the securities marketII quarter 2025 09/01/2025—Dynamic series of the main indicators of brokers’ activitiesII quarter 202502.09.2025—Key indicators of the balance sheet and financial performance report of management companiesII quarter 2025 09/02/2025—Financial Sector Review01.04.202502.09.2025 –Review of other financial institutions01.04.202502.09.2025 –Dynamic series of key performance indicators of management companiesII quarter 2025 09/02/2025—Dynamic series of key performance indicators of trust managersII quarter 202509/04/2025—Average monthly actual rates on loans provided by Moscow banks in rubles and US dollars (MIACR, MIACR-IG, MIACR-B, MIACR USD)August 202509/04/202516:00Total international reserve assets, end of working week*weekly values05.09.2025—Information on the main performance indicators of the insurerJanuary-June 202505.09.2025—Non-financial sector and household debt ratio for bank loans and issued debt securities08.08.202505.09.202516: 00International reserves of the Russian Federation (as of the beginning of the reporting date)09.09.202505.09.202516: 00International reserve assets (end of period) (in accordance with IMF SDDS requirements)*August 202509/05/2025—Information bulletin “Information on the mortgage housing lending market in Russia”08.08.202505.09.202511: 00Monetary base in narrow definition (Weekly values)weekly values05.09.2025—Monetary base in a narrow definition01.09.202508.09.2025 –Financial assets and liabilities of the Households sector for selected financial instruments01.08.202508.09.2025 –Average weighted interest rates on loans and deposits and the structure of loans and deposits by maturity (information on loans granted to individuals; deposits of individuals and non-financial organizations)July 202509/08/2025—Average weighted interest rates on loans and deposits and the structure of loans and deposits by maturity (information on loans provided to non-financial organizations)July 202509/08/2025—Information on average arithmetic interest rates on deposits of individuals in rubles, US dollars and eurosJuly 202509/08/2025—Information on allocated funds (information on loans granted to legal entities and individual entrepreneurs; small and medium-sized businesses)01.08.202508.09.2025 –Households sector transactions with financial assets and liabilities for individual financial instruments01.08.202508.09.2025 –Brief commentary “Interest rates on credit and deposit operations of credit institutions in rubles”July 202509/08/2025—Brief commentary “Lending to legal entities and individual entrepreneurs”08.08.202509.09.2025 –Key performance indicators of mutual investment fundsJuly 202509.09.2025—Dynamic series of key performance indicators of mutual investment funds and joint-stock investment fundsJuly 202511.09.202516:00Total international reserve assets, end of working week*weekly values11.09.202516:00Foreign trade of the Russian Federation in goods (according to the balance of payments methodology)*July 202512.09.2025—Key derivative indicators of the ruble exchange rate dynamicsAugust 2025 09/12/2025—Key Stock Market Indicators*August 2025 09/12/2025—Key performance indicators of housing savings cooperativesII quarter 2025 09/12/2025—Central Bank Survey (in accordance with IMF SDDS requirements)*01.09.202512.09.2025 –Monetary base in a broad definition01.09.202512.09.202511: 00Monetary base in narrow definition (Weekly values)weekly values15.09.2025—Statistical Bulletin “Lending to Small and Medium-Sized Businesses”July 202515.09.2025—Average daily turnover indicators of the interbank loan (deposit) market and repo transactionsAugust 202509/15/202516:00Assessment of the balance of payments of the Russian FederationJanuary-July 2025 09/15/2025 16:00Assessment of key aggregates of the balance of payments of the Russian FederationJanuary-July 202515.09.2025—Currency structure of settlements for the supply of goods and provision of services under foreign trade contracts by geographic zones and currencies of states in accordance with the Order of the Government of the Russian Federation dated 05.03.2022 No. 430-rJuly 202516.09.2025—Debt securities owned by Russian banks transferred under repo transactions with the Bank of Russia01.09.202516.09.202516: 00Foreign trade of the Russian Federation in services by monthJuly 2025 09/18/2025 16:00Total international reserve assets, end of working week*weekly values19.09.202516:00Assessment of upcoming changes in international reserves and other liquidity in foreign currency of the monetary authorities of the Russian Federation*01.09.202519.09.202511: 00Monetary base in narrow definition (Weekly values)weekly values22.09.2025—Central Bank Review01.09.202522.09.2025 –Review of credit institutions01.09.202522.09.2025 –Overview of the banking system01.09.202522.09.2025 –Money supply M2 (national definition)01.09.202523.09.2025 –Listed shares of Russian issuers traded on the domestic market01.09.202523.09.2025 –Variable coupon debt securities issued on the domestic market by type of base indicator01.09.202523.09.2025 –Domestic debt securities issued by interest rate types01.09.202523.09.2025 –Domestic debt securities01.09.202525.09.202516: 00Total international reserve assets, end of working week*weekly values25.09.202516:00The share of non-resident investments in the volume of federal loan bond issues01.09.202526.09.202511: 00Monetary base in narrow definition (Weekly values)weekly values29.09.2025—Domestic debt securities included in the sustainable development sector01.09.202530.09.2025 –Information on deposited funds (information on loans granted to individuals)01.09.202530.09.2025 –Information on attracted funds (information on funds of organizations, bank deposits (deposits) and other attracted funds of legal entities and individuals, budget funds in accounts opened in credit institutions)01.09.202530.09.2025 –Indicators of the housing (mortgage housing) lending market01.09.202530.09.202516: 00Balance of payments, international investment position and external debt of the Russian FederationII quarter 2025 09.30.202516:00Balance of Payments of the Russian Federation. Analytical PresentationII quarter 2025 09.30.202516:00Balance of Payments of the Russian Federation. Standard Components*II quarter 2025 09/30/2025—Banking System Review (in accordance with the requirements of the IMF SDDS)*01.09.202530.09.202516: 00International Investment Position of the Russian Federation. Standard Components (as of date)*01.07.202530.09.202516: 00International Investment Position of the Russian Federation. Main AggregatesII quarter 2025 09.30.202516:00External debt of the Russian Federation by maturity and financial instruments*01.07.202530.09.202516: 00External debt of the Russian Federation in national and foreign currencies01.07.202530.09.202516: 00External debt of the Russian Federation01.07.202501.10.2025 –Financial assets and liabilities of the Households sector01.07.202501.10.2025 –Households sector transactions with financial assets and liabilities01.07.202502.10.202516: 00Total international reserve assets, end of working week*weekly values03.10.202511:00Monetary base in narrow definition (Weekly values)weekly values03.10.2025—Monetary base in a narrow definition01.10.202506.10.2025 –Average monthly actual rates on loans provided by Moscow banks in rubles and US dollars (MIACR, MIACR-IG, MIACR-B, MIACR USD)September 202507.10.2025—Average weighted interest rates on loans and deposits and the structure of loans and deposits by maturity (information on loans provided to non-financial organizations)August 2025 10/07/2025—Information on allocated funds (information on loans granted to legal entities and individual entrepreneurs; small and medium-sized businesses)09.09.202507.10.2025 –Non-financial sector and household debt ratio for bank loans and issued debt securities01.09.202507.10.202516: 00International reserves of the Russian Federation (as of the beginning of the reporting date)01.10.202507.10.202516: 00International reserve assets (end of period) (in accordance with IMF SDDS requirements)*September 202507.10.2025—Brief commentary “Lending to legal entities and individual entrepreneurs”09.09.202507.10.2025 –Information bulletin “Information on the mortgage housing lending market in Russia”09.09.202507.10.2025 –Foreign trade of the Russian Federation in services in the structure of the extended classification of services (according to the balance of payments methodology)II quarter 2025 10/08/2025—Financial assets and liabilities of the Households sector for selected financial instruments09.09.202508.10.2025 –Average weighted interest rates on loans and deposits and the structure of loans and deposits by maturity (information on loans granted to individuals; deposits of individuals and non-financial organizations)August 2025 10/08/2025—Information on average arithmetic interest rates on deposits of individuals in rubles, US dollars and eurosAugust 2025 10/08/2025—Key performance indicators of mutual investment fundsAugust 2025 10/08/2025—Households sector transactions with financial assets and liabilities for individual financial instruments09.09.202508.10.2025 –Brief commentary “Interest rates on credit and deposit operations of credit institutions in rubles”August 2025 10/08/2025—Dynamic series of key performance indicators of mutual investment funds and joint-stock investment fundsAugust 2025 10/09/2025—Current account of the balance of payments of the Russian Federation with seasonal adjustmentII quarter 2025 09.10.2025—Main aggregates of the current account of the balance of payments of the Russian Federation with seasonal adjustmentII quarter 202509.10.202516:00Total international reserve assets, end of working week*weekly values09.10.2025—Dynamics of individual indicators of the current account with seasonal adjustmentII quarter 2025 10.10.2025—Direct investments of the Russian Federation by the asset/liability principle and the directional principle01.07.202510.10.2025 –List of financial sector organizations01.10.202510.10.2025 –Key Stock Market Indicators*September 202510.10.2025—Accumulated balances on direct investments of the Russian Federation on direct investment instruments (by the principle of direction)01.07.202510.10.202511: 00Monetary base in narrow definition (Weekly values)weekly values13.10.202516:00Foreign trade of the Russian Federation in goods (according to the balance of payments methodology)*August 2025 10/14/2025—Export of certain types of services by subjects of the Russian FederationII quarter 2025 October 14, 2025—Statistical Bulletin “Lending to Small and Medium-Sized Businesses”August 2025 10/14/2025—Key derivative indicators of the ruble exchange rate dynamicsSeptember 202510/14/2025—Central Bank Survey (in accordance with IMF SDDS requirements)*01.10.202514.10.2025 –Import of certain types of services by subjects of the Russian FederationII quarter 2025 October 14, 2025—Monetary base in a broad definition01.10.202515.10.2025 –Average daily turnover indicators of the interbank loan (deposit) market and repo transactionsSeptember 202510/15/202516:00Assessment of the balance of payments of the Russian FederationJanuary-August 202510/15/202516:00Assessment of key aggregates of the balance of payments of the Russian FederationJanuary-August 202510/15/2025—Currency structure of settlements for the supply of goods and provision of services under foreign trade contracts by geographic zones and currencies of states in accordance with the Order of the Government of the Russian Federation dated 05.03.2022 No. 430-rAugust 202510/16/202516:00Total international reserve assets, end of working week*weekly values16.10.2025—Debt securities owned by Russian banks transferred under repo transactions with the Bank of Russia01.10.202516.10.202516: 00Foreign trade of the Russian Federation in services by monthAugust 2025 10/17/2025—Extended Non-Financial Sector and Household Debt Measure01.07.202517.10.202511: 00Monetary base in narrow definition (Weekly values)weekly values20.10.2025—Export of certain types of services by types of economic activity of residents of the Russian FederationII quarter 202510/20/202516:00Assessment of upcoming changes in international reserves and other liquidity in foreign currency of the monetary authorities of the Russian Federation*01.10.202520.10.2025 –Central Bank Review01.10.202520.10.2025 –Review of credit institutions01.10.202520.10.2025 –Overview of the banking system01.10.202520.10.2025 –Import of certain types of services by types of economic activity of residents of the Russian FederationII quarter 2025 October 20, 2025—Money supply M2 (national definition)01.10.202522.10.2025 –Listed shares of Russian issuers traded on the domestic market01.10.202522.10.2025 –Variable coupon debt securities issued on the domestic market by type of base indicator01.10.202522.10.2025 –Domestic debt securities issued by interest rate types01.10.202522.10.2025 –Domestic debt securities01.10.202523.10.202516: 00Total international reserve assets, end of working week*weekly values24.10.202511:00Monetary base in narrow definition (Weekly values)weekly values27.10.202516:00The share of non-resident investments in the volume of federal loan bond issues01.10.202530.10.2025 –Information on deposited funds (information on loans granted to individuals)01.10.202530.10.2025 –Information on attracted funds (information on funds of organizations, bank deposits (deposits) and other attracted funds of legal entities and individuals, budget funds in accounts opened in credit institutions)01.10.202530.10.2025 –Indicators of the housing (mortgage housing) lending market01.10.202530.10.202516: 00Total international reserve assets, end of working week*weekly values30.10.2025—Domestic debt securities included in the sustainable development sector01.10.202531.10.2025 –Banking System Review (in accordance with the requirements of the IMF SDDS)*01.10.202531.10.202511: 00Monetary base in narrow definition (Weekly values)weekly values

    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 –

  • US appeals court scrutinizes Trump’s use of tariffs as trade deadline looms

    Source: Government of India

    Source: Government of India (4)

    U.S. appeals court judges sharply questioned on Thursday whether President Donald Trump’s tariffs were justified by the president’s emergency powers, as lawyers for states and businesses challenging the measures argued he exceeded his authority.

    The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., is considering the legality of “reciprocal” tariffs that Trump imposed on a broad range of U.S. trading partners in April, as well as tariffs imposed in February against China, Canada and Mexico.

    In hearing arguments in two cases brought by five small U.S. businesses and 12 Democratic-led U.S. states, judges pressed government lawyer Brett Shumate to explain how the International Emergency Economic Powers Act (IEEPA), a 1977 law historically used for sanctioning enemies or freezing their assets, gave Trump the power to impose tariffs.

    Shumate said that the law allows the president to have “extraordinary” authority in an emergency, including the ability to stop imports completely. He said IEEPA authorizes tariffs because it allows a president to “regulate” imports in a crisis.

    The judges seemed dubious of this sweeping argument.

    “IEEPA doesn’t even say tariffs, doesn’t even mention them,” Judge Jimmie Reyna said.

    The arguments – one day before Trump plans to increase tariff rates on imported goods from nearly all U.S. trading partners – mark the first test before a U.S. appeals court of the scope of his tariff authority. The president has made tariffs a central instrument of his foreign policy, wielding them aggressively in his second term as leverage in trade negotiations and to push back against what he has called unfair practices.

    The court adjourned after about an hour-and-a-half of oral arguments. The judges did not say when they would rule, and the losing side will almost certainly appeal quickly to the U.S. Supreme Court.

    Trump, the first president to use IEEPA to impose tariffs, has said the April tariffs were a response to persistent U.S. trade imbalances and declining U.S. manufacturing power.

    He said the tariffs against China, Canada and Mexico were appropriate because those countries were not doing enough to stop illegal fentanyl from crossing U.S. borders, a claim the countries have denied.

    The states and businesses challenging the tariffs argued that they are not permissible under IEEPA and that the U.S. Constitution grants Congress, and not the president, authority over tariffs and other taxes.

    “No trade law in 200 years has been interpreted to give the president this power,” Neal Katyal, a lawyer for the businesses, said.

    Judge Kimberly Moore challenged Benjamin Gutman, representing the state of Oregon, on his argument that the U.S. trade deficit is not an “unusual and extraordinary” threat that would trigger IEEPA’s emergency powers, noting that Trump said the trade deficit contributed to compromised military readiness.

    “That bothers me – I’m a little concerned about compromised military readiness,” Moore said. “How about you?”

    The case is being heard by a panel of all of the court’s active judges, eight appointed by Democratic presidents and three appointed by former Republican presidents.

    TRADE NEGOTIATIONS

    Tariffs are starting to build into a significant revenue source for the federal government, with customs duties in June quadrupling to about $27 billion, a record, and through June have topped $100 billion for the current fiscal year. That income could be crucial to offset lost revenue from Trump’s tax bill passed into law earlier this month.

    But economists say the duties threaten to raise prices for U.S. consumers and reduce corporate profits. Trump’s on-again, off-again tariff threats have roiled financial markets and disrupted U.S. companies’ ability to manage supply chains, production, staffing and prices.

    On May 28, a three-judge panel of the U.S. Court of International Trade said IEEPA did not authorize tariffs related to longstanding trade deficits.

    The Federal Circuit has allowed the tariffs to remain in place while the litigation continues.

    The case will have no impact on tariffs levied under more traditional legal authority, such as duties on steel and aluminum imports.

    Trump’s Department of Justice has argued that limiting the president’s tariff authority could undermine ongoing trade negotiations, while other Trump officials have said that negotiations have continued with little change after the initial setback in court.

    The president recently announced trade deals that set tariff rates on goods from the European Union and Japan, following smaller trade agreements with Britain, Indonesia and Vietnam.

    Trump has set an August 1 date for higher tariffs on countries that don’t negotiate new trade deals.

    Mexican President Claudia Sheinbaum said on Thursday that Trump would pause new tariffs set to go into effect on the U.S.’s southern neighbor and a 90-day period to work on a trade deal.

    (Reuters)

  • MIL-OSI Africa: Tullow’s Gabon Exit Highlights Rising Role of African Firms in Upstream Sector

    Source: APO – Report:

    Tullow Oil has finalized the sale of its non-operated interests in Gabon to Gabon Oil Company (GOC) for $307 million, marking a strategic portfolio shift for the UK-based independent and a notable development for Gabon’s energy sector. The transaction transfers Tullow’s remaining production interests – estimated to contribute approximately 10,000 barrels per day in 2025 – to the state-owned company and concludes over two decades of Tullow’s presence in the country.

    The African Energy Chamber (AEC) supports this transaction, viewing it as a constructive milestone for Africa’s oil and gas sector. While international companies remain essential to the development of the continent’s energy resources, the AEC sees the growing operational capacity of national and regional firms as a sign of a maturing sector – one that increasingly encourages balanced partnerships between foreign and local players.

    “This deal is not just about asset transfers, but about momentum,” says NJ Ayuk, Executive Chairman of the AEC. “African companies are stepping up, taking on more responsibility, and proving their ability to manage complex upstream operations. It shows the value of partnership and long-term investment in building capacity on the continent.”

    Rather than a retreat from foreign participation, the deal underscores the potential for new kinds of collaboration – where African national oil companies (NOCs) are not just resource holders but active participants with operational and commercial expertise. GOC, which has steadily expanded its portfolio since its establishment in 2011, is among a growing group of African NOCs taking on greater roles in the day-to-day management of assets.

    Tullow, for its part, views the sale as a key step in focusing on its core operated assets in Ghana and Ivory Coast while strengthening its balance sheet. Proceeds from the transaction will go toward repaying the company’s $150 million revolving credit facility, helping improve financial resilience and allowing Tullow to pursue a more streamlined investment strategy.

    As the energy landscape in Africa evolves, deals like this one signal increased dynamism within the sector. Indigenous and national companies are becoming more confident and capable participants, while foreign investors continue to find value in working alongside local partners who bring deep market knowledge, regional networks and a long-term commitment to development. The AEC maintains that this balanced model – where African and international firms grow together – will be key to the continent’s future energy success.

    – on behalf of African Energy Chamber.

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Highland Council hails the importance of Nigg, as port changes hands

    Source: Scotland – Highland Council

    Wind turbine components at Nigg Bay. Pic Highland Council

    Highland Council has today hailed the importance of the Port of Nigg to the region’s economy after ownership of the facility formally changed hands.

    The multi-sector energy port forms part of the Inverness and Cromarty Firth Green Freeport – a partnership of public and private sector organisations, including The Highland Council, which aims to ensure the Cromarty Firth and wider region becomes a major global hub for green energy, delivering transformational benefits to Highland communities and the decarbonisation agenda.

    The Port of Nigg has been sold by Global Energy Group (GEG) to Mitsui Group, a Japanese trading and investment group which has been an investor in GEG since 2012 and which will now drive the next stage of development at Nigg.

    Highland Council praised the contributions made by Roy MacGregor and Global Energy Group, and wished the new owners continued success.

    Highland Council leader Raymond Bremner said: “Roy MacGregor and the Global Energy Group have established an outstanding facility which has been integral to the establishment of the Inverness and Cromarty Firth Green Freeport and which has led the way in supporting the country’s energy transition.

    “The legacy they leave is a substantial one – significant inward investment and jobs for the Highlands.

    “We wish the new owners every success as they drive the next stage of development at Nigg, building on the solid foundations which have delivered long-term, secure, skilled employment.”

    Highland Council convener Bill Lobban said: “Green energy continues to offer hope and opportunity for present and future generations to develop a highly skilled career without having to leave the region.

    “Though under new ownership, we have no doubt the port will continue to innovate and grow as Scotland’s energy transition continues apace, and Nigg will continue to be a tribute to all that Roy has achieved to date.”

    31 Jul 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Written question – Impacts of SAFE – E-002960/2025

    Source: European Parliament

    Question for written answer  E-002960/2025
    to the Commission
    Rule 144
    Moritz Körner (Renew)

    According to the Commission, what positive military or defence implications will the EU’s Security Action for Europe (SAFE) financial instrument have for Germany by 2030?

    Submitted: 17.7.2025

    Last updated: 31 July 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Proliferation of media and digital platform regulators – E-003076/2025

    Source: European Parliament

    Question for written answer  E-003076/2025
    to the Commission
    Rule 144
    Catherine Griset (PfE), Séverine Werbrouck (PfE), André Rougé (PfE), Gilles Pennelle (PfE), Fabrice Leggeri (PfE)

    The number of EU agencies and offices involved in monitoring media and digital platforms has increased: there is the European Board for Media Services, European Audiovisual Observatory, European Union Agency for Cybersecurity, Body of European Regulators for Electronic Communications and European Digital Media Observatory.

    These European regulators are in addition to the national regulators, which are also growing in number.

    • 1.Does the Commission agree that this proliferation of regulators makes it difficult for Europeans to understand precisely what they do?
    • 2.Within the Commission itself, the DSA compliance monitoring team is set to expand from 100 to 200 members. Does the Commission acknowledge that the rise in the number of authorities and staff involved in media and digital platform regulation has an escalating financial impact on EU taxpayers?
    • 3.Given that it is seeking to simplify EU regulation, does it plan to reduce the number of agencies and offices, especially those dedicated to media and digital platform oversight?

    Submitted: 24.7.2025

    Last updated: 31 July 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB supports €100 million initiative to improve Cyprus’s road network

    Source: European Investment Bank

    EIB

    • EIB funds Cypriot government €100 million to make road travel easier and safer
    • The financial agreement is second tranche of €200m total funding to co-finance network upgrades and extensions
    • Works to include environmental management systems such as better water collection and drainage systems.

    The European Investment Bank (EIB) is funding Cyprus a further €100 million for a range of road improvements in the country. The EIB credit will cover 50% of the costs of planned renovations and extensions to make road travel in Cyprus easier and safer.

    The agreement is part of a €200 million approved EIB financing package for Cypriot road infrastructure. The first tranche of €100 million was signed in December 2024. The works, which will cover road networks and infrastructure improvement in various areas across the country, are due to be completed by 2029.

    “Investing in essential infrastructure like road networks is vital for strengthening social cohesion and driving economic growth in Cyprus” said EIB Vice-President Kyriacos Kakouris. “This project will have a real and lasting impact on the daily lives of Cypriots — improving mobility, enhancing safety, and boosting climate resilience”.

    The EIB’s agreement supports a multiyear national plan by the Cypriot Ministry of Transport, Communications and Works. The plan includes a wide range of works, from upgrading motorways, regional and rural roads, and building new bridges, tunnels and walking and cycling lanes, to upgraded traffic management systems and drainage systems.

    “This new financing agreement with the EIB reflects our strong and long-standing partnership. It will allow us to implement essential infrastructure projects that enhance road safety, connectivity, and sustainable mobility across Cyprus. We are grateful for the EIB’s continued support and its role as a key partner in our development efforts”, said Cypriot Minister of Finance Makis Keravnos.

    “The Ministry of Transport, Communications and Works, with the support of the European Investment Bank, promotes strategic land transport projects in urban and interurban areas, with the aim of improving accessibility in less privileged-isolated areas of Cyprus, enhancing road safety, addressing the impacts of climate change, promote alternative – sustainable travel options, as well as to improve the socio-economic cohesion of our island”, said Eleftherios Eleftheriou, Director of Public Works Department in his speech on behalf of the Minister of Transport, Communications and Works Alexis Vafeadis.

    EIB road financing in Cyprus

    With this new financing, total EIB’s investment in critical road projects in Cyprus has exceeded €670 million since 1998. Before the two recent €100m accords, the most recent EIB financing for this area in Cyprus was a 112 million loan in 2021 to support four projects in Nicosia, Limassol and Paphos as well as the Vasilikos Energy Centre road.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    EIB supports €100 million initiative to improve Cyprus’s road network
    EIB supports €100 million initiative to improve Cyprus’s road network
    ©EIB
    Download original

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Renewed opportunity for partnership with Panama – E-002949/2025

    Source: European Parliament

    Question for written answer  E-002949/2025
    to the Commission
    Rule 144
    Sebastian Kruis (PfE)

    In October 2023, the Financial Action Task Force (FATF) removed Panama from its list of jurisdictions under increased monitoring, acknowledging comprehensive reforms of its anti-money laundering (AML) and counter-terrorist financing (CTF) regimes. Panama has since overhauled its financial supervision, enhanced institutional capacity and demonstrated tangible enforcement progress. On 9 July 2025, the European Parliament adopted a resolution supporting Panama’s removal from the EU’s high-risk third countries list.

    Given these developments and the opportunity to improve relations with a cooperative partner country, the Commission is urged to expedite its reassessment of Panama’s listing.

    • 1.What is the Commission’s current timeline for reassessing Panama’s status on the EU grey list?
    • 2.How does the Commission incorporate FATF decisions and parliamentary resolutions into its assessment process?
    • 3.Will the Commission commit to aligning Panama’s status with its current AML/CTF performance and international recognition?

    Submitted: 17.7.2025

    Last updated: 31 July 2025

    MIL OSI Europe News –

  • MIL-OSI: Erayak Power Solution Group. Announces $7 Million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    Wenzhou, China, July 31, 2025 (GLOBE NEWSWIRE) — Erayak Power Solution Group Inc. (NASDAQ: RAYA) (“Erayak” or the “Company”), a leading manufacturer, designer, and exporter of high-quality products in the power supply industry, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 107,692,307 shares of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.065 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.0001 per share.

    The aggregate gross proceeds to the Company of this offering are expected to be approximately $7 million. The transaction is expected to close on or about August 1, 2025, subject to the satisfaction of customary closing conditions.

    Craft Capital Management is acting as the sole placement agent for the offering. 

    The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-278347) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 16, 2024.

    The offering is being made only by means of a prospectus supplement and accompanying prospectus. The prospectus supplement describing the terms of the public offering will be filed with the SEC prior to the closing and will form a part of the effective registration statement, available on the SEC’s website located at http://www.sec.gov.

    Copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from Craft Capital Management, 377 Oak St., Lower Concourse, Garden City, NY 11530, Attention: Syndicate Dept.; email: info@craftcm.com

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    About Erayak Power Solution Group Inc.

    Erayak specializes in the manufacturing, research and development, and wholesale and retail of power solution products. Erayak’s product portfolio includes sine wave and off-grid inverters, inverter and gasoline generators, battery and smart chargers, and custom-designed products. Our products are used principally in agricultural and industrial vehicles, recreational vehicles, electrical appliances, and outdoor living products. Our goal is to be the premier power solutions brand and a solution for mobile life and outdoor living. For more information, visit www.erayakpower.com.

    Safe Harbor Statement

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

    Investor Relations Contact:

    Erayak Power Solution Group Inc.
    No. 528, 4th Avenue
    Binhai Industrial Park
    Wenzhou, Zhejiang Province
    People’s Republic of China 325025

    Email: investor@erayakpower.com

    The MIL Network –

  • MIL-OSI USA: Nearly all National Guard soldiers in Los Angeles are demobilizing, Governor Newsom demands those remaining be released

    Source: US State of California 2

    Jul 31, 2025

    What you need to know: With nearly all National Guard soldiers demobilizing, Governor Gavin Newsom is calling on the President to allow the 300 remaining National Guard soldiers to go home now. 

    Los Angeles, California – Nearly two months after the unlawful federalization of units of the California National Guard, and deployment of almost 5,000 soldiers in the Los Angeles area, all but 300 National Guard members are able to go home. So far, 4,700 soldiers have begun demobilizing. The President should allow the remaining soldiers to go back to their families, communities, and civilian professions as doctors, law enforcement and teachers.

    President Trump is realizing that his political theater backfired. This militarization was always unnecessary and deeply unpopular. The President must do the right thing to end this illegal militarization now because the economic and societal impacts are dire. The women and men of our military deserve more than to be used as props in the federal government’s propaganda machine.

    Governor Gavin Newsom

    Although it is unclear whether the National Guard has received formalized orders to begin additional demobilizations, an estimated 300 guardsmembers will continue to be stationed at Joint Forces Training Base, Los Alamitos without a clear mission, direction, or a timeline for returning to their communities. California urges Trump and the Department of Defense to end this theatrical deployment and send all remaining guardsmembers home immediately.

    Earlier this month, 2,000 federalized National Guard members and 700 Marines were called off their mission in Los Angeles. However, nearly 2,000 soldiers remained at Los Alamitos. 

    Economic impact of this political theater 

    After the federal government deployed the military unlawfully and began ramping up immigration raids statewide, the number of people reporting to work in the private sector in California decreased by 3.1% — a downturn only recently matched by the period when people stayed home from work during the COVID-19 lockdown.

    Governor Newsom recently met with local restaurant owners in the City of Bell and faith leaders in Downey to discuss the economic impact these indiscriminate immigration actions have had on their small business.

    Trump’s actions have a ripple effect – the state’s economy is likely to contract later this year due to fallout from global tariffs and immigration raids in Los Angeles and other cities that have rattled key sectors, including construction, hospitality, and agriculture, according to a UCLA Anderson forecast. 

    Mass arrests, detentions and deportations in California could slash $275 billion from the state’s economy and eliminate $23 billion in annual tax revenue. The loss of immigrant workers, undocumented and those losing lawful status under the Trump administration, would delay projects (including rebuilding Los Angeles after the wildfires), reduce food supply, and drive up costs. Undocumented immigrants contributed $8.5 billion in state and local taxes in 2022 — a number that would rise to $10.3 billion if these taxpayers could apply to work lawfully.

    Drugs arriving at the border, fewer soldiers to stop them

    Typically, under the Governor’s command, nearly 450 servicemembers are deployed statewide, including at ports of entry, to combat transnational criminal organizations and seize illegal narcotics. CalGuard’s servicemembers dedicated to the state’s Counterdrug Task Force have been reassigned by President Trump to militarize Los Angeles. The consequences are dire – CalGuard’s efforts help ensure the public safety of communities statewide.

    Police off the streets, teachers out of classrooms

    Of the 4,000 National Guard members sent to Los Angeles under Trump’s order, their servicemembers have been pulled from essential civilian duties such as medical and first responders, service workers, building trades contractors, law enforcement personnel, corrections officers, civil service and government workers, technology specialists, educators and teachers, and agriculture workers.

    End the power grab now

    Community leaders, public officials, veterans and others agree – the federal government’s actions in California not only have a chilling effect on the state’s society and economy, but also continue to undermine the valuable contributions from members of the military while in and out of uniform. 

    Republican and Democratic former governors agree—Trump’s federalization violates the critical balance between state and federal government. Recently, a bipartisan group of 25 former governors filed a brief in support of Newsom v. Trump, urging the court to enforce state sovereignty and block the unprecedented federalization of the National Guard. 

    Retired four-star admirals and generals and former secretaries of the Army and Navy filed another amicus brief outlining the grave risks of Trump’s illegal takeover of the CalGuard. Several veterans and veteran rights’ groups came together to decry Trump’s militarization of California.

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    MIL OSI USA News –

  • MIL-OSI: Carronade Shares Perspectives on Viasat

    Source: GlobeNewswire (MIL-OSI)

    Carronade Supports Spin-Off or IPO of the Defense and Advanced Technologies Business

    Potential 215% to 520% Upside in the Stock if Company Completes a Separation

    Defense and Advanced Technologies is Worth $50/share Alone

    DARIEN, Conn., July 31, 2025 (GLOBE NEWSWIRE) — Carronade Capital Management, LP on behalf of its managed entities (“Carronade Capital”, “our” or “we”), have beneficial ownership of approximately 2.6% of the outstanding shares of Viasat, Inc., (NASDAQ: VSAT) (“Viasat” or the “Company”) today issued the following open letter outlining its perspective on Viasat’s ongoing strategic review and offering a clear and effective way to unlock the substantial, unrealized value embedded within the Company.

    Carronade’s letter underscores a compelling case for separating the undervalued and underappreciated Defense and Advanced Technologies (“DAT”) segment, which could be one of the most attractive pure-play defense-technology platforms in the market today, with best-in-class margins, double-digit revenue growth and significant exposure to next-gen defense technologies. Carronade believes a successful execution of a DAT separation would crystallize value for shareholders, empower both DAT and Communications Services segments to chart focused, capital-efficient growth strategies and bolster financial flexibility to drive the share price up to $100 per share. Carronade believes the remaining Communications Services segment would have less debt and be positioned for free cash flow generation.

    Carronade urges Viasat’s Board and management team to prioritize a DAT spin as the key outcome of the ongoing strategic review and believes it would garner strong investor support.

    The full letter follows:

    Carronade Capital Management, LP on behalf of its managed entities (“Carronade Capital,” “our,” or “we”) have beneficial ownership of approximately 2.6% of the outstanding shares of Viasat, Inc., (“Viasat” or the “Company”), making us one of Viasat’s top investors. We have been investors in Viasat since 2023 and are long-term believers in the Company’s mission, the strength of its leadership team, and the extraordinary strategic position the Company holds at the intersection of secure communications, global connectivity, and aerospace and defense technology.

    Today, we wanted to share our view that the current valuation of Viasat fails to reflect the value of its most important asset — the Defense and Advanced Technologies (“DAT”) business. We believe that the time has come to separate this crown jewel through a spin-off or IPO, a step which we believe should unlock tremendous value and can result in the pre-event Viasat shares trading at a range of ~$50 to $100+ per share. With the strategic review process already underway, we believe this is the clearest, most effective way to unlock the substantial, unrealized value embedded within the Company.

    Highlight A Premier High-Growth Aerospace and Defense Tech Platform

    The case for separation is compelling. In our view, the DAT segment could be one of the most attractive standalone defense-technology platforms in the public markets today. With best-in-class margins, double-digit revenue growth, and significant exposure to next-generation defense and dual-use technologies, DAT is already delivering on a vision to which many public and private peers can only aspire.

    Excluding the non-recurring contribution from the litigation settlement in Q2 FY2024, as reported revenue within DAT grew almost 17% in the last 12 months, with LTM EBITDA margins of 28%. Demonstrating the continued rapid trajectory of this business, the Company reported in Q4 FY2025 that the backlog within DAT grew 50% year over year with a book-to-bill of 1.2x. These figures also screen extremely well under the “Rule of 40”, combining profitability with robust growth, and we strongly believe the business would be rewarded accordingly on a standalone basis.

    We believe DAT’s business lines span critical and rapidly growing areas. This is further enhanced by market share gains, driving growth that continues to exceed overall TAM growth. DAT has the potential to benefit across the following new initiatives and new technologies:

    • Golden Dome – falls under Tactical Networking and Space & Mission Systems within DAT (providing encrypted mesh networking, battle management systems, ISR integration)
      • DAT’s tactical networking and secure communications systems are highly applicable to layered air and missile defense systems such as the Golden Dome. Its encrypted mesh networks and ISR data links can help integrate interceptors, radars, and command nodes in contested environment        
    • Next-Generation Encryption – part of Information Security & Cyber Defense, a core DAT unit
      • Develops advanced, Type 1-certified encryption for high-assurance military communications. As defense agencies adopt edge-resilient encryption, we believe DAT stands to benefit from long-cycle upgrades across satellites, tactical radios, and classified networks
    • Drones (UAVs and UAS) – spans Tactical Networking and Space & Mission Systems
      • Anti-jam networking solutions for a wide range of unmanned aerial systems. As demand accelerates for autonomous ISR and strike platforms, we believe DAT is well positioned to scale its footprint across drone technology
    • Direct-to-Device (D2D) – supported by both Advanced Technology & Other and Space & Mission Systems
      • DAT is advancing D2D capabilities through both government waveform programs and a commercial joint initiative with UAE-based Space42, focused on developing a global, 3GPP-compliant multi-orbit NTN platform designed to enable future connectivity directly to unmodified smartphones and IoT devices using licensed L-band and S-band spectrum
    • Low Earth Orbit (LEO) – squarely in Space & Mission Systems
      • The Space & Mission Systems team provides space-qualified hardware, optical inter-satellite links, and advanced ground integration tools that support LEO network resilience. As multi-orbit architectures gain traction, they benefit from integration roles across both government and commercial constellations

    The above are all long-cycle, durable growth markets with deep commercial and government demand, and we believe DAT is already winning. Yet despite this backdrop, from our perspective the market is barely valuing DAT at all — its performance is being obscured by broader investor concerns with respect to Communication Services, as evidenced by a nearly 20% short interest in the stock.

    Carronade’s Analysis Supports $50 – $100+ per Share Valuation

    This disconnect is further underscored by the current valuation environment for DAT’s aerospace and defense peers. Mid-cap defense-technology companies such as Kratos Defense & Security Solutions, AeroVironment, Karman Holdings, Redwire, and Mercury Systems (“Comp Set”) have historically traded between 20x-40x EV/EBITDA, and in many cases are significantly higher today, as public investors seek exposure to the growth in the aerospace and defense industry. By contrast, the market appears to be pricing Viasat as a structurally challenged communications conglomerate. We believe this framing fails to recognize both the profitability and the growth trajectory of DAT.

    It is not an overstatement to say that from a value perspective, Viasat is an aerospace and defense tech focused company first, that also happens to be in the satellite communications business. Our analysis suggests, utilizing a 20% discount to the median 2025E EBITDA multiple of the DAT Comp Set, less overall net debt, a valuation of over $50/share – more than 3x the current stock price – excluding any value for the $1.3 billion EBITDA Communication Services business or the $8/share in value from the Ligado Networks settlement. In total, using the historical ranges for the DAT Comp Set and 4.0x1 on the Communication Services business, we believe the stock is worth between ~$50-$100/share, and well in excess of $100/share if DAT trades at the current median of the Comp Set.

    While each peer has a distinct focus, they are all aerospace and defense technology companies that we believe are well positioned to benefit from similar tailwinds. Over the past five years, this Comp Set has generally traded at 20x to 40x EBITDA, with further multiple expansion seen in 2025. The chart below illustrates the implied Viasat share price after applying these historical ranges to DAT, alongside a fixed 4.0x multiple for Communication Services and our assumptions for the present value of the recent Ligado Networks settlement.

    DAT’s implied size, revenue growth, leading margins, and exposure to the most exciting aerospace and defense themes, highlight the favorable comparability to the Comp Set as shown below. With 50% year over year backlog growth, strong book-to-bill, and new recent awards, we believe growth trends are supported into 2026 and beyond.

    We believe the separation of DAT would not only catalyze a re-rating of that business but also deliver material benefits to the remaining company. Viasat could retain a portion of the spin-off for future monetization. If an IPO were pursued, proceeds could be used to de-lever the balance sheet, bolstering capital flexibility, while reducing financial risk. Moreover, the current stock price implies standalone valuation near the lows after adjusting for the approximately $8/share Ligado Networks settlement value that was unanticipated by most market participants. Finally, we believe separating DAT would allow both businesses to be valued on their own strategic and financial merits and create transparency into the dramatically different growth, TAMs, margin profiles, and capital requirements of each.

    Resilient Global Communications Business

    Carronade also believes the Communications Services segment is materially misunderstood by the market with competitors such as Starlink and Kuiper catalyzing a substantial amount of pessimism on the shares. We believe a separation will help shine a light on the positive trajectory of this business.

    With five-to-ten year contract terms in the in-flight connectivity (“IFC”) business, this unit of Communication Services has approximately 1,600 additional commercial aircraft that will be put into service under existing customer agreements with commercial airlines over time, on top of the 4,120 currently in-service aircraft, representing 39% growth2. The durability of IFC growth, coupled with a high-growth government business and an inflecting maritime business, as evidenced by NexusWave recently exceeding 1,000 vessel orders3, in our view demonstrates the long-term viability of the core satellite business. Critically, in our view Communication Services is set to generate consistent positive free cash flow in the coming quarters, and more significantly, the long-term cash generation of the satellite business is set to inflect strongly after the successful deployment of the ViaSat-3 F2 and F3 satellites. According to a research report from Deutsche Bank on March 24th4, each new ViaSat-3 satellite has the potential to add 2 to 3 percentage points of growth to Communication Services revenue, while also shifting the revenue mix toward higher-margin, internally provisioned capacity and reducing reliance on low-margin wholesale sales. Once capital expenditures for the ViaSat-3 constellation are complete, we expect annual capex to decline to below $1 billion (from ~$1.3 billion in FY2026), creating substantial room for accelerated free cash flow generation and debt paydown.

    Given all of the above, we believe our valuation of 4.0x on the Communication Services segment is conservative and unjustifiably below similar business valuations. SES, when accounting for the present value of 100MHz of possible C-band monetization, and pro forma for the Intelsat acquisition, trades at 4.25x-4.50x on the base business. Similarly, both Eutelsat and Iridium trade at high-single-digit EBITDA multiples5. In our view, the growth opportunities, end customers, and stickiness of contracts are significantly more attractive for Viasat’s Communication Services business.

    As a result of the settlement with Ligado Networks, the Company is set to receive $568 million in fiscal year 2026, coupled with a lease stream through 2107 that increases 3% per year6 that is worth north of $500 million from a present value perspective, which positions it for further de-levering. The Company’s remaining spectrum portfolio offers substantial flexibility for future monetization to which we ascribe no value in this analysis. In our view, these dynamics are obscured in the current structure and would be far more visible in a standalone Communications Services business.

    The Time to Act is Now

    With strong commercial momentum across both segments, from NexusWave surpassing 1,000 vessel orders and sustained growth in in-flight connectivity for the Communication Services business, and a proven track record of growth and profitability within DAT, we believe Viasat is at a critical inflection point. In our view, the growth and profitability of DAT is only set to accelerate due to rapidly increasing investment within drone technology, direct-to-device, advanced encryption, Golden Dome, and LEO. Yet we are seeing that public markets continue to discount the stock due to a misplaced narrative. We believe executing a spin-off or IPO of DAT, the Company’s most valuable asset, would not only crystallize value for shareholders, it would empower both businesses to chart focused, capital-efficient growth strategies with improved investor visibility.

    We applaud management exploring various paths to unlock portfolio value, drive returns and shareholder value, but urge them to consider our proposed path forward. We believe a spin-off or IPO of DAT would be met with broad investor support and would position Viasat to emerge as two distinct, category-leading companies: one a premier, high-growth aerospace and defense tech platform; the other a resilient, cash-generating global connectivity business while unlocking tremendous value resulting in ~$50 to $100+ per share.

    About Carronade Capital

    Carronade Capital Management, LP (“Carronade Capital Management”) is a multi-strategy investment firm based in Connecticut with approximately $2.5 billion in assets under management that focuses on process driven investments in catalyst-rich situations. Carronade Capital Management, founded in 2019 by industry veteran Dan Gropper, currently firm employs 14 team members and is based in Darien, Connecticut. Carronade Capital was launched on July 1, 2020. Dan Gropper brings with him nearly three decades of special situations credit experience serving in senior roles at distinguished investment firms, including Aurelius Capital Management, LP, Fortress Investment Group and Elliott Management Corporation.

    Important Disclaimers

    Not an Offer or Solicitation. This press release is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person.

    Not Financial Advice. This press release does not recommend the purchase or sale of a security. There is no assurance or guarantee with respect to the prices at which any securities of Viasat, Inc. (the “Company”) will trade, and such securities may not trade at prices that may be implied herein. In addition, this press release and the discussions and opinions herein are for general information only, and are not intended to provide financial, legal or investment advice. Each shareholder of the Company should conduct their own financial research and analysis and make a decision that aligns with their own financial interests, consulting with their own advisers, as necessary.

    Forward-Looking Statements. This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “will be” and similar expressions. Although Carronade Capital and its affiliates believe that the expectations reflected in forward-looking statements contained herein are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties—many of which are difficult to predict and are generally beyond the control of Carronade Capital or the Company—that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. In addition, the foregoing considerations and any other publicly stated risks and uncertainties should be read in conjunction with the risks and cautionary statements discussed or identified in the Company’s public filings with the U.S. Securities and Exchange Commission, including those listed under “Risk Factors” in the Company’s annual reports on Form 10-K and quarterly reports on Form 10-Q . The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Carronade Capital does not undertake any obligation to update or revise any forward-looking information or statements.

    Data and Analysis. Certain information included in this press release is based on data obtained from sources considered to be reliable. Any analysis provided herein is intended to assist the reader in evaluating the matters described herein and maybe based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analysis should not be viewed as factual and should not be relied upon as an accurate prediction of future results. Projected information presented herein is generated using an internal Carronade model and is therefore inherently limited. This information is generated based on certain estimates and assumptions which are subject to change based on prevailing market and economic conditions, as well as Carronade’s ongoing assessment of the Company. All figures are estimates and, unless required by law, are subject to revision without notice.

    Holdings and Trading. Certain of the funds(s) and/or account(s) (“Accounts”) managed by Carronade Capital Management, LP (“Carronade Capital Management”) currently beneficially own shares of the Company. Carronade Capital Management in the business of trading (i.e., buying and selling) securities and intends to continue trading in the securities of the Company. You should assume the Accounts will from time to time sell all or a portion of its holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares. Consequently, Carronade Capital Management’s beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to Carronade Capital Management’s views of the Company’s business, prospects, or valuation (including the market price of the Company’s shares), including, without limitation, other investment opportunities available to Carronade Capital Management, concentration of positions in the portfolios managed by Carronade Capital Management, conditions in the securities markets, and general economic and industry conditions. Without limiting the generality of the foregoing, in the event of a change in the Company’s share price on or following the date hereof, Carronade Capital Management may buy additional shares or sell all or a portion of its Account’s holdings of the Company (including, in each case, by trading in options, puts, calls, swaps, or other derivative instruments relating to the Company’s shares). Carronade Capital Management also reserves the right to change the opinions expressed herein and its intentions with respect to its investment in the Company, and to take any actions with respect to its investment in the Company as it may deem appropriate, and disclaims any obligation to notify the market or any other party of any such changes or actions, except as required by law.

    Media Contact:
    Paul Caminiti / Jacqueline Zuhse
    Reevemark
    (212) 433-4600
    Carronade@reevemark.com

    Investor Contacts:
    Andy Taylor / Stas Futoransky
    Carronade Capital Management, LP
    (203) 485-0880
    ir@carronade.com

    1Derived by using a discount to SES SA, Eutelsat Communications, and Iridium Communications as the peer set for Communications Services; for illustrative purposes only.
    2Viasat 2025 Annual Report
    3Viasat July 1, 2025 Press Release
    4Deutsche Bank report “Multiple Paths to Unlocking Value; Upgrade to Buy”
    5Source: Bloomberg
    6Viasat June 13, 2025 Press Release

    Charts accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1b382282-b275-4da4-a882-c526b3387fc4

    https://www.globenewswire.com/NewsRoom/AttachmentNg/710e4232-9a2e-4280-9767-20bd501b699a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1786b60d-3b34-4f9e-8100-77a6b4c15b9a

    The MIL Network –