NewzIntel.com

Category: Economy

  • PM Modi hails Operation Sindoor as ‘Vijay Utsav’, urges unified salute to armed forces in Parliament

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday hailed Operation Sindoor as a “Vijay Utsav” (victory celebration) for the nation, describing it as a shining testament to the strength and precision of the Indian Armed Forces. Speaking to the media ahead of the Monsoon Session of Parliament, the Prime Minister called for a united parliamentary tribute to the operation’s success, which he said would further encourage national defence capabilities and inspire citizens across the country.

    “This Monsoon Session is a ‘Vijay Utsav’,” PM Modi said. “The entire world has witnessed the strength of the Indian Armed Forces. The objective set for Operation Sindoor was achieved with 100 percent success. In just 22 minutes, our forces neutralised terrorists in their own hideouts.”

    The Prime Minister recounted how the operation had first been announced during an event in Bihar and praised the ‘Made in India’ defence initiative, stating that it is now drawing increasing global interest.

    “The ‘Made in India’ defence systems showcased during the operation reflect a new era of India’s military self-reliance. Whenever I interact with leaders of other countries, there is growing curiosity and appreciation for Indian-made weapons,” he noted.

    PM Modi expressed hope that Parliament will engage in meaningful discussion on Operation Sindoor during the ongoing session. He emphasized that a unified expression of national pride by lawmakers would not only bolster the morale of the armed forces but also foster innovation, manufacturing, and job creation in the defence sector.

    “When the House expresses its sentiments on this ‘Vijay Utsav’ with one voice, it will strengthen India’s defence resolve, encourage innovation, and create employment opportunities for the youth,” he said.

    Highlighting another moment of national pride, the Prime Minister also recalled the recent milestone of Indian astronaut Subhanshu Shukla aboard the International Space Station (ISS), where the Indian Tricolour was unfurled for the first time.

    “This session is a celebration of victory and pride. The image of our national flag on the ISS has filled every Indian with joy and pride. It has sparked a wave of enthusiasm among the youth toward science, technology, and innovation,” he said, calling it a historic chapter in India’s space journey.

    PM Modi also touched on the importance of the monsoon, calling it a symbol of “renewal and rejuvenation.” He noted that the current monsoon conditions are progressing positively and will benefit agriculture, farmers, and the broader rural economy.

    “The favourable monsoon is set to boost the agricultural sector, strengthen the farmers’ economy, and contribute to national growth,” he added.

    (With agencies inputs)

  • MIL-OSI United Kingdom: Powerful water ombudsman to support customers with complaints

    Source: United Kingdom – Government Statements

    Press release

    Powerful water ombudsman to support customers with complaints

    Environment Secretary Steve Reed to establish consumer champion with legal powers as part of ‘root and branch’ reform

    Water customers will have more support than ever before when faced with leaking pipes, incorrect bills or water supply issues, Environment Secretary Steve Reed has announced today (Monday 21 July)

    It comes as the government is set to reestablish partnership between water companies, investors and communities to keep our waters clean.

    The government will create a water ombudsman with legal powers to protect customers in disputes with their water company. Customers will be able to use a single, free point of contact.  

    It will build on the Consumer Council for Water’s role, which is currently voluntary for water companies to follow. The changes will bring dispute resolution processes for water in line with other utilities – like energy – and are part of the government’s actions to put customers at the heart of water regulation.

    Steve Reed is expected to announce ‘root and branch’ reforms on Monday to
    clean up rivers, lakes and seas and make the water sector one of growth and opportunity that serves hard-working families and businesses, as part of our Plan for Change.

    He is expected to make assurances that government action will protect hardworking families from massive water bill hikes in future.

    In a speech following the report’s publication, Environment Secretary Steve Reed is expected to say:

    The water industry is broken. Our rivers, lakes and seas are polluted with record levels of sewage. Water pipes have been left to crumble into disrepair. Soaring water bills are straining family finances.

    Today’s final report from Sir Jon Cunliffe’s Independent Water Commission offers solutions to fix our broken regulatory system so the failures of the past can never happen again. 

    The government will introduce root and branch reform in the biggest overhaul of water regulation in a generation.

    We are establishing a new partnership where water companies, investors, communities and the government will work together to clean up our rivers, lakes and seas for good.

    The Secretary of State has pledged that the government will cut sewage pollution in half within five years, making our rivers the cleanest since records began.

    The government has already taken decisive action to clean up England’s waterways. 

    • Record investment: with £104 billion to upgrade crumbling pipes and build sewage treatment works across the country. 
    • Ringfence customers’ bills for upgrades: customer bills earmarked for investment must now be spent on new sewage pipes and treatment works – not spent on shareholder payments or bonuses. 
    • Reinvesting company fines into local projects: with over £100million being invested into local clean-up projects in communities. 
    • Largest budget for water regulation: the Environment Agency received a record £189 million to fund hundreds of enforcement officers to inspect and prosecute polluting water companies.
    • Polluter Pays: companies will now cover the cost of prosecutions and successful investigations into pollution incidents, enabling the regulator to hire more staff and pursue further enforcement activity. 
    • Banning wet wipes containing plastic in England: introducing legislation to reduce microplastics in our waters.
    • The Water (Special Measures) Act: banned unfair bonuses for ten polluting water bosses this year and threatened prison sentences for law-breaking executives.

    We will work with the Welsh government to ensure reforms protect water customers across both England and Wales.

    Notes to editors: 

     Last October, the Environment Secretary asked the former Deputy Governor of the Bank of England, Sir Jon Cunliffe, to undertake the biggest review of the water sector since privatisation. The final report will be published on Monday 21 July. 

    An ombudsman to champion customers    

    • The current system for dealing with complaints lacks any teeth and too often leaves customers with nowhere to go. With no binding consumer watchdog, customers risk being left stranded.  

    • Water customers shouldn’t have to figure out who to contact and how to contact them if something has gone wrong – they should know exactly where to turn and be confident their problem will be listened to and resolved. 

    • The new measures will establish a new level playing field between customers and companies. This builds on our reforms to double automatic payments when water companies fail to deliver adequate standards of service and place customers at the heart of water company purpose.    

    • Following the Independent Water Commission’s final report, we will look at the CCW’s role as part of a reformed regulator. We’re clear there will be no additional ALB’s as part of our productive and agile state agenda.

    Updates to this page

    Published 21 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: KGNCLOUD Unlocks Zero-Threshold Gold Mining Opportunities in a New Era of Cryptocurrency Profitability

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 21, 2025 (GLOBE NEWSWIRE) — In the wake of global regulatory shifts and a fresh surge in Bitcoin’s valuation, the world of cryptocurrency mining is witnessing a remarkable transformation. Today, KGNCLOUD, one of the fastest-growing names in cloud mining, officially launches its Global Cloud Mining Wealth Guide, an investor-focused initiative designed to empower individuals to tap into the booming cryptocurrency economy through low-barrier, AI-assisted cloud mining.

    This comprehensive framework outlines how ordinary users—without hardware, technical skills, or significant capital—can now participate in a fully legal, clean-energy mining infrastructure. With real-time daily payouts, zero maintenance burden, and automated strategies, KGNCLOUD signals a new era in crypto wealth creation.

    “We believe cloud mining shouldn’t be gated behind technical complexity or massive investment,” said Victor Norrell, CEO of KGNCLOUD. “With regulatory tailwinds and AI technology finally aligning, we’re enabling anyone to plug into real mining rewards with confidence and speed.”

    Profitability Without Complexity: Cloud Mining for All

    KGNCLOUD has designed a diversified set of cloud mining contracts, covering everything from beginner to professional tiers:

    Contract type Investment amount Cycle (days) Expected income
    Free experience $100 1 $100+$1
    Classic computing power (primary) $500 4 $500+$100
    Classic computing power (advanced) $1200 5 $1200+$240
    Smart miner $2800 6 $2800+$660
    Innovative mining machine $5580 7 $5580+$2506

    A user who rented 1030 TH/s computing power reportedly generated $1,750 in daily earnings, highlighting the platform’s competitive edge.

    Global Reach Meets Inclusive Access

    In keeping with its “zero-threshold” vision, KGNCLOUD extends the following benefits:

    • $100 Free Trial: New users receive an instant credit to test real mining scenarios—risk-free.
    • No Hardware or Power Costs: KGNCLOUD handles infrastructure, cooling, and uptime—users simply earn.
    • Multi-Currency Support: Withdraw in any of 11 currencies, including USDT, BTC, ETH—funds settle in under 5 minutes.

    This accessibility model has already attracted tens of thousands of new participants from regions across Southeast Asia, Africa, and South America—ushering in an era of truly global mining democratisation.

    How to Get Started:-

    KGNCLOUD has simplified the entry process into three clear steps:

    1. Register at KGNCLOUD and receive $100 trial mining credit.
    2. Choose a Contract that fits your budget and time horizon.
    3. Earn Daily Rewards, track your dashboard, and withdraw when desired.

    With favourable regulations, superior green infrastructure, and scalable mining plans now available, KGNCLOUD’s Global Wealth Guide signals a turning point for mainstream crypto participation.

    “The wealth wave is real, but timing is everything. We’ve built KGNCLOUD to let anyone ride it—without the friction,” added Norrell.

    Media Contact:joy bennett
    Connect：support@kgnminer.net
    Web: https://kgnminer.net

    Attachment

    The MIL Network –

  • MIL-Evening Report: How are Australians adapting to climate change? Here are 729 ways

    Source: The Conversation (Au and NZ) – By Tia Brullo, Research Fellow in Climate Change Adaptation, The University of Melbourne

    Australia’s climate is changing. To avoid catastrophic disruptions from successive supercharged disasters, society must adapt. But change takes time and it’s not always clear how much progress we’re making.

    We wanted to find out what Australia’s governments, industries and local groups are doing to adapt to climate change. Our work culminated in the Australian Adaptation Database, which captures more than 700 initiatives so far.

    Standout examples from this first national stocktake include Ramblers Reef in Victoria – an artificial reef of rocks and shells 500 metres offshore that has helped reduce coastal erosion. In Adelaide, urban cooling and greening projects are transforming the city and suburbs across 17 councils .

    Our project shows climate adaptation is happening in Australia, but there’s plenty of room for improvement. The more society can do now to prepare for change, the better off we’ll be in the long run.

    Urban greening is helping to cool the city of Adelaide.
    Ozitraveler, Shutterstock

    What does climate change adaptation in Australia look like?

    Australia is lagging behind many other nations when it comes to managing climate action. The federal government is yet to release its first national adaptation plan, while other countries are up to their third or fourth versions.

    Why track Australia’s progress in climate adaptation? First, it enables progress to be reported efficiently to governments and international bodies such as the United Nations.

    The database also helps people share knowledge. Anyone striving to improve their resilience to climate change can look to the database for ideas and inspiration.

    The data was mainly gathered from conversations we had with people in state and territory government departments, local government associations, not-for-profit organisations and private companies across Australia.

    On Wednesday, we will present the database at the opening of the national Climate Adaptation 2025 conference in Perth.

    The project shows the vast range of ways Australians are preparing for a warmer world. Examples include:

    Anyone can explore and search the database. It’s not an exhaustive record of all climate adaptation in Australia, but provides more detail than ever before. It’s constantly being updated as new examples are added.

    But the database is only as good as the information we feed into it, so we need everyone to contribute. All you need to do is hit the “submit an entry” button on the homepage to get started.

    Artificial reefs such as Ramblers Reef help slow erosion (ABC News)

    The role of government: local, state and federal

    Much work to date in climate adaptation has involved laying the foundations for practical actions.

    For example, South Australia’s Climate Ready Coasts program aims to improve planning for coastal hazards. This joint effort between state and local governments make sense, given both have a role to play, and it helps ensure adaptation actions are efficient and coordinated.

    At the federal level, the Australian government has focused on funding for national disasters such as the Future Drought Fund. Another example, the Infrastructure Betterment Fund, involves making roads, rail, bridges and other infrastructure more resilient to climate change.

    Australia is yet to release its first National Adaptation Plan. This document is expected to clarify the federal role in climate adaptation.

    The private sector

    The private sector is beginning to adapt to climate change. Examples include:

    Knowledge sharing and capacity building

    We also found extensive efforts to communicate and share information about adapting to change.

    Such activities include knowledge building for organisations and communities through workshops, training sessions and simulation games.

    Examples include Western Australia’s “being waterwise in the home” tips, and Hobart’s Sparking Conversations, Igniting Action Program for bushfire preparedness. These activities help lay the groundwork for practical action.

    Change is hard, but Australia is finally making some progress in climate adaptation.
    Markus Spiske, Unsplash., CC BY

    What’s next?

    Our research shows the policy and governance mechanisms to drive adaptation are largely in place. The knowledge and networks to support meaningful action are gradually being developed.

    But the next “heavy lifting” phase – putting plans into action – is yet to begin in earnest.

    There’s a clear need to channel funding to those best placed to deliver frontline projects and programs, especially local governments and community organisations.

    The Australian Local Government Association is calling for a A$400 million climate adaptation fund to support Australian councils to deliver place-based adaptation actions.

    Last year, the Australian Council of Social Services called for a $2 billion investment in a national housing retrofit program to make Australia’s 670,000 low-income houses cooler in summer to reduce illness and death from extreme temperatures. Neither of these calls has been answered.

    Let’s get moving

    This research is part of a three-year project exploring how to encourage and promote best practice in adapting to climate change across Australia.

    The next step is to measure progress around climate adaptation, which is difficult and rarely done – even though it’s required under the Paris Agreement.

    The good news is Australia has made a start, but there is much more to do to ensure the wellbeing of our country through a changing climate.

    Tia Brullo receives funding from the National Environmental Science Program Climate Systems Hub Project Number CS2.1

    Elissa Waters receives funding from the National Environmental Science Program Climate Systems Hub Project Number CS2.1 and Australian Climate Service.

    Jon Barnett receives funding from the National Environmental Science Program Climate Systems Hub Project Number CS2.1

    Sarah Boulter receives funding from the National Environmental Science Program Climate Systems Hub.

    – ref. How are Australians adapting to climate change? Here are 729 ways – https://theconversation.com/how-are-australians-adapting-to-climate-change-here-are-729-ways-256446

    MIL OSI Analysis – EveningReport.nz –

  • Microsoft alerts businesses, governments to server software attack

    Source: Government of India

    Source: Government of India (4)

    Microsoft has issued an alert about “active attacks” on server software used by government agencies and businesses to share documents within organizations, and recommended security updates that customers should apply immediately.

    The FBI said on Sunday it is aware of the attacks and is working closely with its federal and private-sector partners, but offered no other details.

    In an alert issued on Saturday, Microsoft said the vulnerabilities apply only to SharePoint servers used within organizations. It said that SharePoint Online in Microsoft 365, which is in the cloud, was not hit by the attacks.

    “We’ve been coordinating closely with CISA, DOD Cyber Defense Command and key cybersecurity partners globally throughout our response,” a Microsoft spokesperson said, adding that the company had issued security updates and urged customers to install them immediately.

    The Washington Post, which first reported the hacks, said unidentified actors in the past few days had exploited a flaw to launch an attack that targeted U.S. and international agencies and businesses.

    The hack is known as a “zero day” attack because it targeted a previously unknown vulnerability, the newspaper said, quoting experts. Tens of thousands of servers were at risk.

    In the alert, Microsoft said that a vulnerability “allows an authorized attacker to perform spoofing over a network.” It issued recommendations to stop the attackers from exploiting it.
    Microsoft has issued an alert about “active attacks” on server software used by government agencies and businesses to share documents within organizations, and recommended security updates that customers should apply immediately.

    The FBI said on Sunday it is aware of the attacks and is working closely with its federal and private-sector partners, but offered no other details.

    In an alert issued on Saturday, Microsoft said the vulnerabilities apply only to SharePoint servers used within organizations. It said that SharePoint Online in Microsoft 365, which is in the cloud, was not hit by the attacks.

    “We’ve been coordinating closely with CISA, DOD Cyber Defense Command and key cybersecurity partners globally throughout our response,” a Microsoft spokesperson said, adding that the company had issued security updates and urged customers to install them immediately.

    The Washington Post, which first reported the hacks, said unidentified actors in the past few days had exploited a flaw to launch an attack that targeted U.S. and international agencies and businesses.

    The hack is known as a “zero day” attack because it targeted a previously unknown vulnerability, the newspaper said, quoting experts. Tens of thousands of servers were at risk.

    In the alert, Microsoft said that a vulnerability “allows an authorized attacker to perform spoofing over a network.” It issued recommendations to stop the attackers from exploiting it.

    In a spoofing attack, an actor can manipulate financial markets or agencies by hiding the actor’s identity and appearing to be a trusted person, organization or website.

    Earlier, Microsoft said it is working on updates to 2016 and 2019 versions of SharePoint. If customers cannot enable recommended malware protection, they should disconnect their servers from the internet until a security update is available, it added.
    In a spoofing attack, an actor can manipulate financial markets or agencies by hiding the actor’s identity and appearing to be a trusted person, organization or website.

    Earlier, Microsoft said it is working on updates to 2016 and 2019 versions of SharePoint. If customers cannot enable recommended malware protection, they should disconnect their servers from the internet until a security update is available, it added.

  • MIL-OSI: Change in Financial Calendar – 21 July 2025

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 21st of July – IDEX Biometrics ASA (OSE: IDEX) hereby announces a change to the company’s financial calendar.

    Postponement of Q2 2025 Report

    The company informs that the publication of the quarterly report for the second quarter of 2025 is postponed from the originally scheduled date to Tuesday, August 27, 2025.

    IDEX Biometrics’ reports and presentations are available on our website: www.idexbiometrics.com/investors

    For further information, please contact:

    Anders Storbråten, CEO and CFO, Tel: +47 416 38 582

    E-mail: ir@idexbiometrics.com

    About IDEX Biometrics:

    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com

    About this notice:

    This notice was issued by Kjell-Arne Besseberg, COO, on 21 July 2025 at 07:20 CET on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.

    The MIL Network –

  • All decisions in this country, a sovereign nation, are taken by its leadership-VP

    Source: Government of India

    Source: Government of India (2)

    lign=”center”>There is no power on the planet to dictate India how to handle its affairs-VP
    We work in tandem, we have mutual respect, diplomatic dialogues. But at the end of the day, we are sovereign, we take our own decisions-VP
    Is it required to have wrestling sessions as to who said what?, VP expresses concern
    Our object is not to just simply grow our economy, Our object is to develop the people-VP
    Vice-President Addresses Officer Trainees of the Indian Defence Estates Service (IDES) 2024 Batch

    Vice-President, Shri Jagdeep Dhankhar today said that, “Don’t be guided by narratives outside. All decisions in this country, a sovereign nation, are taken by its leadership. There is no power on the planet to dictate India how to handle its affairs. We do live in a nation and nations that are a comity. We work in togetherness, we work in tandem. We have mutual respect, diplomatic dialogues. But at the end of the day, we are sovereign, we take our own decisions.”

    https://x.com/VPIndia/status/1946559722725007704

    He underlined, “Is it required to play every bad ball? Is it required to have wrestling sessions as to who said what? One who scores good runs on the cricket pitch always leaves bad balls. They are tempting, but not attempted. And those who attempt, you have safe gloves of the wicket keeper and someone in the gully.”

    “There will be challenges. Challenges will be to create divisiveness. For example, we have seen global conflagrations — two of them in particular, you know them. These have become open-ended. Look at the devastation of property, human lives, and their misery. And look at our calibration. We taught a lesson — taught it well. We chose Bahawalpur and Muridke, and then brought it to a temporary conclusion. ‘Operation Sindoor’ is not over — it continues. Some people ask the question — why was it stopped? We are a nation that believes in peace, nonviolence, a land of Buddha, Mahavira, and Gandhi. We do not wish to kill even living beings — how can we target human beings? The idea was to generate sanity, to generate a sense of humanity in the others”, he added.

    https://x.com/VPIndia/status/1946562875889463711

    Addressing the officer trainees of Indian Defence Estates Service (IDES) 2024 batch at the Vice-President’s Enclave today, Shri Dhankhar stated, “ Our demographic dividend is a global envy. 65% of our population is below 35 years of age. The median age of this country is 28, whereas that of China and the U.S. is around 38–39, and Japan, 48. Now, you are the chosen ones. You’ve got the opportunity to serve Bharat, home to one-sixth of humanity. And look at the area of your working. If you commit yourself, keeping into view our civilizational ethos, we are a unique nation. No nation can boast or claim to be closer to us — five thousand years of heritage, culture, legacy, knowledge, wisdom, repository. In such a situation — eighteen lakh acres? If you engage — which you are engaging, your seniors are engaging — you can define to the entire country, how to manage the estates, how to manage ecology, how to manage the environment, how to raise herbal gardens, what is sustainable development, how to protect and how to use modern technology.”

    “One aspect about which I am slightly concerned. Development, civilian development, close to the proximity of your states, requires your sanction. That sanction often gets into the domain of discretion and suffers delay. I would urge — evolve a mechanism or a protocol. Let people know about it — what height they can have. Why should the system come into play? With the kind of technology we have, we should be fully aware. Why can’t we put it on one platform? This is the area — if your building is coming up here, height will be this. Yet agencies have to be hired. People have to pay for it. Delay takes place. Now you can take the lead. You will earn the goodwill of the people around”, he added.

    https://x.com/VPIndia/status/1946560846785917408

    Expressing his concern over rising coaching centres in the country he stated, “Coaching is needed for skill. Coaching is needed to make you self-dependent. If for a limited number of seats, all over the country there are coaching centers vying with one another for advertisement space in newspapers. Not one — one page, two pages, three pages, sometimes four pages in a row. And what a spectacle — putting you boys and girls in photographs. No, this is not Bharat. We can’t have commodification and commercialisation. We have to believe in Gurukul. You have to come out of — youth has to come out of the silos. You have to know the opportunities elsewhere. Those opportunities are also very necessary for the development of the nation….I am not against anyone, but why should coaching become an integral part of education? After more than three decades, the nation has been blessed after getting input from stakeholders in hundreds of thousands, National Education Policy. Why coaching? Coach has to improve your skill. We can’t have people cramming and then getting through. We want thinking minds to get in and go there. Always bear that in mind”. 

    https://x.com/VPIndia/status/1946561334973460885

    Talking about ‘Viksit Bharat’ he stated, “ Our object is not to just simply grow our economy. Our object is to develop the people. Viksit Bharat is not our dream. It is not even our destination now. We are marching in that direction. Every day we are progressing towards that direction, and that’s a big challenge because 10 years of phenomenal development has given the people a taste of development. People of my generation never believed…there will be a toilet in the house, a gas connection in the house, internet connection, piped water, roads close by, school or health center, such world-class trains to travel. No. We never imagined. So the nation now has become globally the most aspirational nation in the world.”

    https://x.com/VPIndia/status/1946550260601606602

    Shri Rajesh Kumar Singh, Defence Secretary, Govt. of India, Shri S.N. Gupta, Director General, Defence Estates, Shri Sanjeev Kumar, Director, NIDEM and other dignitaries were also present on the occasion.

  • MIL-OSI United Kingdom: Roadmap to rebuild trust in water sector unveiled in major new report

    Source: United Kingdom – Government Statements

    Press release

    Roadmap to rebuild trust in water sector unveiled in major new report

    Sir Jon Cunliffe publishes final recommendations

    A new integrated regulator for water, stronger consumer advocacy and 9 new regional water authorities to deliver on local priorities are among the final recommendations set out today (21 July) by the Independent Water Commission.

    Chaired by Sir Jon Cunliffe, the Commission sets out 88 recommendations in its report to the UK and Welsh governments to transform the sector.

    The report covers how the system is regulated, how to manage the competing demands on water, how water companies are governed and how critical water infrastructure is kept resilient both now and in the future.

    It follows just under nine months of extensive engagement, analysis and research, including the 50,000+ responses submitted to the Commission’s Call for Evidence.

    Key recommendations include:

    1. Single integrated water regulators. The report recommends a single water regulator in England and a single water regulator in Wales. In England this would replace Ofwat, the Drinking Water Inspectorate and water-environment related functions from the Environment Agency and Natural England. In Wales, Ofwat’s economic responsibilities would be integrated into Natural Resources Wales. Water is a complex sector responsible for the second-largest infrastructure programme in the UK. Water companies will spend £104 billion on investment and operation over the next 5 years. Climate change, population growth and economic development will put huge pressure on water systems over the coming decades. The current regulatory landscape is fragmented and overlapping and fully joined-up regulation is essential for the system to meet the demands of the future and ensure that private water companies act in the public as well as the private interest. A powerful, single regulator for water would simplify the system, reduce duplication, close regulatory gaps and ensure a much stronger “whole-firm” view of each company.* It would also improve investor confidence through a more stable regulatory regime. In making this recommendation, the Commission has looked closely at other regulatory models such as Ofcom.**

    2. Eight new regional water system planning authorities in England and one national authority in Wales. As part of a radical overhaul of water system planning, the report recommends devolving current planning responsibilities and transferring resources from the regulators to 9 new regional water authorities. These would be responsible for developing water investment plans that reflect local priorities and voices. They would streamline existing planning processes and be empowered to direct funding and ensure accountability from all sectors that impact water.  They would be independent and include representation from local councils, public health, environment, agriculture and consumers, among others.

    3. Greater consumer protection. The Commission sets out proposals to improve affordability and customer service. That includes upgrading the consumer body CCW into an Ombudsman for Water to give stronger protection to customers and a clearer route to resolving complaints. It then proposes transfer responsibility for consumer advocacy to Citizens Advice. The Commission also recommends the introduction of a national social tariff to provide consistent support for low-income customers who need support to pay their bills. This will help address the widely different levels of support currently in place, with caps on bills varying by £100s in different parts of the country.

    4. Stronger environmental regulation. The report recommends significant improvements to areas such as Operator Self-Monitoring through greater digitalisation, automation, third-party assurance and inspections. It proposes stronger regulation on abstraction, sludge, drinking water standards and water supply. After one of the driest springs on record, it recommends compulsory water metering, changes to wholesale tariffs for industrial users and greater water reuse and rainwater harvesting schemes. It also sets out where environmental legislation needs updating and why, including proposals for a new long-term and legally binding target for the water environment.

    5. Tighter oversight of water company ownership and governance. The Commission recommends new powers for the regulator to block changes in water company ownership – for example, where investors are not seen to be prioritising the long-term interests of the company and its customers – as well as potential new ‘public benefit’ clauses in water company licences. It recommends that the regulator set “minimum capital” requirements so that companies are less reliant on debt and more financially resilient. On investment, the report sets out proposals to improve investor confidence, including government direction to the regulator to support stability and predictability for long-term investors.  

    6. Public health reforms: The report covers legislative reforms to better manage public health risks in water, recognising the many people who swim, surf and enjoy other water-based activities. These include a) new public health objectives in water quality legislation b) senior public health representation on regional water planning authorities and c) legislative changes to address emerging pollutants such as PFAS, micropollutants and microplastics.

    7. Fundamental reset of economic regulation. More detail is set out on the Commission’s recommendation for a new ‘supervisory’ approach to economic regulation, supporting tailored decisions and earlier interventions in water company oversight. The report also makes recommendations on the Price Review process, including changes to ensure companies are investing in and maintaining assets and to help attract long-term, low-risk investment.

    8. Clear strategic direction. A new long-term National Water Strategy should be published by both the UK and Welsh governments. This should have a minimum horizon of 25 years, with interim milestones on a 5 and 10 year basis. It should be cross-sectoral, with a clear framework for managing the many demands on water. A set of ministerial priorities specifically for the water industry should also be issued to regulators every five years, replacing the current Strategic Policy Statement (SPS). A clear long-term strategy will help drive the right outcomes for consumers, growth and the environment and support long-term investment planning.

    9. Infrastructure & asset health reforms. The report sets out a marked step change in how water infrastructure is managed, monitored and delivered – essential for safeguarding the provision of water and wastewater management for future generations. That includes new requirements for companies to map and assess their assets and new resilience standards that are forward-looking and applied consistently across the industry.

    Sir Jon Cunliffe said:

    Restoring trust has been central to our work. Trust that bills are fair, that regulation is effective, that water companies will act in the public interest and that investors can get a fair return.

    Our recommendations to achieve this are significant. They include the management of the whole water system, regulation of the water industry, the governance and financial resilience of water companies and a stronger voice for local communities and water customers.

    In this report I have considered what is best for the long-term future of water.  This is a complex sector with a highly integrated system, responsible for the second-largest infrastructure programme in the UK.

    Resetting this sector and restoring pride in the future of our waterways matters to us all. In countless conversations in the last nine months I have been struck by the urgent need and passion for change. Doing this will require hard work, strong leadership and sustained commitment. But it can and must be done.

    I am grateful to all to all those who have contributed generously and constructively to our work with their time, expertise and challenge.

    The final report also shares recommendations on implementation, including which reforms can be delivered in the short-term and which require new primary legislation.

    As set out in the Terms of Reference, the Commission has operated independently of UK and Welsh Ministers.

    Sir Jon Cunliffe has been supported by an expert Advisory Group, with leading voices from areas including the environment, public health, consumers, economics and investment.

    Notes to editors

    • The full report is available here: Independent Water Commission final report
    • Sir Jon Cunliffe was appointed on 22 October 2024 to lead the Independent Water Commission. His Terms of Reference were published on gov.uk. 
    • The Commission launched an eight-week Call for Evidence on 27 February 2025. The Commission’s interim report was published on 3 June.
    • *The Commission has looked in detail at the challenges within the existing regulatory framework. The existing model of multiple regulators makes it difficult for the regulatory system to come to a clear, overall view of a water company’s performance and the challenges it faces. Enforcement action in some areas has been described as duplicative. Elsewhere, there are gaps in the oversight of asset health and monitoring water infrastructure delivery. There is an inherent complexity in the current system whereby the EA, NRW and the DWI set the requirements that determine much of water company costs, while Ofwat subsequently determines the revenues companies can receive from water bills to cover those costs. 
    • **Ofcom was established through combining five existing regulators into one. Further detail is covered in Chapter 4 of the final report. 
    • ***Social tariff variability: Evidence returned via the Commission’s Call for Evidence set out the differing levels of support a low-earner would receive under 2024/25 rates depending on where they lived. For example, a single parent with one child, working part-time and receiving Universal Credit with an income under £19,000 per year would have an annual water bill capped at £91.12 in Portsmouth, compared to £364 in Bradford.

    Updates to this page

    Published 21 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: WISeKey and SEALSQ Confirm New Cross-Border Center of Excellence for the 4th Industrial Revolution Activated Between La Line and Gibraltar

    Source: GlobeNewswire (MIL-OSI)

    WISeKey and SEALSQ Confirm New Cross-Border Center of Excellence for the 4th Industrial Revolution Activated Between La Line and Gibraltar

    Gibraltar/La Línea – July 21, 2025 – WISeKey International Holding Ltd (“WISeKey” or “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, and its subsidiary, SEALSQ Corp (NASDAQ: LAES) (“SEALSQ”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products today announced that a transformative initiative launched several years ago to establish LLG4IRir.com a Cross-Border Deeptech Center of Excellence (the “Center”) for the 4th Industrial Revolution is now being formally activated, following the historic agreement between Spain and the United Kingdom on Gibraltar’s post-Brexit border status.

    Strategically located near Gibraltar Airport, this innovative Center will act as a shared technological and industrial hub bridging La Línea de la Concepción (Spain) and Gibraltar (UK). It aims to provide a collaborative platform for companies working in advanced technologies including Artificial Intelligence, Quantum Computing, the Internet of Things, AI, Space, Cybersecurity, and Semiconductors, aiming to position the region as a global epicenter of innovation.

    The recent UK–EU agreement facilitates the free and secure movement of people and goods across the border, unlocking opportunity for the Company to realize the full potential of this ambitious project and enabling seamless cooperation between the two jurisdictions.

    Meetings held with the Gibraltar government and the Mayor of La Línea have resulted in unanimous support for the project. The Center is recognized as a mutually beneficial opportunity: Gibraltar-based companies will gain access to European Union technology legislation and platforms, while Spanish businesses located at the Center will benefit from cooperation with Gibraltar and potential partnerships with African innovation ecosystems, reinforcing the region’s status as a tri-continental innovation gateway.

    First Milestone: Manufacturing Plant for Post-Quantum Communication Devices
    Under the LLG4IR.com cross-border framework, the first physical installation is planned to be a secure manufacturing facility in La Línea dedicated to producing post-quantum-ready communication devices. These devices are intended to form the foundation of a secure communications infrastructure designed to operate seamlessly with satellite constellations, providing quantum-resilient, end-to-end communications across industries.

    This facility is also expected to host the initial manufacturing operations for WISeSat.Space, WISeKey’s secure space communication platform. Production would begin as soon as the site becomes operational, establishing La Línea as a new hub for secure aerospace and telecommunications manufacturing.

    In parallel, SEALSQ has allocated a dedicated budget to develop its first post-quantum communication device manufacturing plant, confirming its commitment to secure, satellite-linked, next-generation technologies. This plant will produce devices that connect directly with WISeSat.Space’s satellite constellation, delivering resilient, quantum-secure data flows critical to sectors such as defense, logistics, healthcare, and energy.

    Additionally, WISeKey and SEALSQ have signed a memorandum of understanding with the regional port authority to implement Smart Container Technology, allowing maritime cargo containers, even in mid-sea transit, to connect directly with satellites. This will enable real-time, secure, blockchain-verifiable logistics tracking, bolstering supply chain transparency and resilience on a global scale.

    A Quantum Corridor for Europe’s Digital Sovereignty
    The Center is a vital node in the expanding Post-Quantum Corridor, a high-tech European network being developed by SEALSQ and WISeKey to enable secure, quantum-resilient infrastructure from chip to satellite. This strategic corridor connects key technology hubs including:

    •        La Línea de la Concepción
    •        Gibraltar
    •        Malaga Technology Park
    •        Murcia – home of the QUANTIX Semiconductor Center
    •        Aix-en-Provence – SEALSQ Semiconductor R&D Center and Operational Headquarters
    •        Grenoble – IC’ALPS Advanced Chip Development Lab
    •        Geneva – WISeKey and SEALSQ Global R&D and Cybersecurity Centers

    The Quantum Corridor will also integrate leading universities across the region to foster academic–industry collaboration and talent development. It will provide a dynamic environment for quantum, artificial intelligence, and cybersecurity companies to work together, co-developing the secure, intelligent technologies of the future, from next-generation encryption to space-based AI systems and quantum processors.

    In the coming weeks, SEALSQ will engage a leading international consulting firm to develop a comprehensive business and technology integration plan for the Cross-Border Center. This strategic study will guide the implementation of the project, from infrastructure to ecosystem development. It will be aligned with existing studies already underway in Gibraltar focused on shared prosperity, helping to shape a unified master plan for the successful and coordinated execution of the initiative on both sides of the border.

    Public and Private Funding Synergies
    The project will benefit from grants and allocation of funding available for this type of strategic activity, particularly those supporting innovation, digital infrastructure, and cross-border cooperation. This public support will be complemented by investment from the private sector on a pari passu basis, ensuring a balanced and sustainable funding model that drives both economic development and technological leadership.

    “Think of the Center as an aircraft carrier for innovation,” said Carlos Moreira, CEO of WISeKey. “Companies can land, refuel with knowledge and infrastructure, and take off again stronger. Instead of each company reinventing the wheel, they plug into a common ecosystem, just like plugging into the electricity grid.”

    The LLG4IR.com Cross-Border Center of Excellence will serve as a launchpad for collaborative research, startup incubation, international joint ventures, and workforce training programs, aligned with the long-term strategies of the European Union, the United Kingdom, and key private-sector stakeholders.

    Further announcements regarding the Center’s commissioning, founding partners, and investment roadmap will follow in the coming weeks.

    About WISeKey
    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI: CJB Crypto opens a new era of XRP mining: green mining, easy to earn passive income

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 21, 2025 (GLOBE NEWSWIRE) —

    As the global cryptocurrency market expands, UK-based cloud mining platform CJB Crypto has released its new mobile app, redefining the way users can participate in cryptocurrency mining. The launch brings a seamless experience to users who want to earn passive income through XRP, Bitcoin, Dogecoin, Litecoin and other mainstream digital assets – without having to own hardware or technical expertise.
    Unlike traditional mining that requires expensive mining machines and continuous maintenance, CJB Crypto adopts a mobile-first mining approach, allowing users to mine through cloud infrastructure hosted in global data centers. Users only need a smartphone to register, activate mining contracts and receive daily returns.

    Against the backdrop of the continued rise in the global cryptocurrency market, CJB Crypto officially launched a new user incentive plan for XRP mining, with “zero threshold, high returns” as the core, to help new and old users easily participate in digital currency mining. With its innovative reward mechanism, flexible contract selection and transparent profit model, the platform quickly became the focus of the industry.
    Sign up and get $10, the first step to “earn money while lying down”
    In order to lower the threshold for user participation, CJB Crypto has launched a “Registration Reward” program for new users: after completing the registration, you can get $10 experience points, which can be directly used to purchase cloud computing contracts and start XRP mining income. This benefit not only allows novice users to experience platform services at zero cost, but also demonstrates CJB Crypto’s confidence in its own technology and profitability.
    Sign in at $0.6 per day, with a stable and uninterrupted income
    CJB Crypto breaks the traditional mining platform’s “passive waiting for income” model and launches a daily sign-in reward mechanism. Users only need to log in to the platform and sign in every day to get an additional $0.6 cash reward. The income will be credited in real time and can be withdrawn or reinvested. This design not only improves user stickiness, but also makes “small continuous income” possible, which is especially suitable for investors who pursue stable income.
    Invite friends to enjoy tiered rewards, up to 4.5% profit bonus
    In order to encourage users to share digital wealth opportunities, CJB Crypto now launches an affiliate program where you can get commissions by recommending friends to invest in you. You can start making money without investing, for example: if the friend you recommend successfully purchases a $10,000 package, you can get a $300 commission. After inviting a certain number of active referrals, you will receive a one-time fixed bonus of up to $30,000. No matter how many referrals you make, your income potential is unlimited!
    Diversified contract options to meet the needs of users at all levels
    CJB Crypto is deeply involved in the field of cloud computing power, providing contracts for mainstream currencies such as BTC, ETH, FIL, XRP, USDT, and has designed a variety of solutions based on user risk preferences and capital scale:
    Novice contract: starting from $10, suitable for small-scale trials;
    Robust contract: period 5-30 days, daily return 1.35%-1.5%
    High-yield contracts: 45-day to 60-day cycles, with daily returns as high as 1.68%-2.0%

    Technology ensures safety, and income is transparent and traceable
    CJB Crypto uses multiple encryption technologies and hot and cold wallet separation storage solutions, and is audited by a third-party organization to ensure the security of user assets and data. The platform’s income is automatically settled daily, and users can view the computing power operation status and income details in real time through the APP or official website, truly realizing the “visualization of the mining process.”
    User evaluation and market recognition
    Since its launch, CJB Crypto has attracted more than 7 million users worldwide, and its “low threshold + high flexibility” model has been widely praised. A user from the United States reported: “Through sign-in and invitation rewards, I can earn an additional $500 per month. Through contract mining, I have truly achieved passive income.”
    Act now to seize the digital wealth opportunity
    Starting today, visit the CJB Crypto official website to complete the registration, you can unlock a $10 bonus, participate in the sign-in invitation event, and experience the new mining mode of “multiple income superposition”. Whether you are a novice in cryptocurrency or a veteran player, CJB Crypto will become your ideal partner for digital asset layout.
    About CJB Crypto
    CJB Crypto is the world’s leading compliant cloud mining service platform, relying on self-built mining farms and joint mining pool computing power to provide users with safe and efficient digital currency mining solutions. The platform adheres to the concept of “user first” and is committed to lowering the threshold for industry participation through technological innovation and promoting the development of inclusive finance.
    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI New Zealand: Government Defence Cuts – Govt wrong to cut another 255 civilian Defence jobs at time of rising risks

    Source: PSA

    – 255 civilian roles across NZDF to go
    – 10% of civilian workforce downsized in last year
    – Another 46 roles proposed to go
    The Government is fooling itself if cutting 10% of the civilian workforce is how you build a modern, combat ready defence force at a time of rising security risks.
    NZDF today confirmed final decisions that will see 255 roles cut across the force, making a total of one in ten roles axed in the last year (including voluntary redundancies). This is down from the original proposal of 347 roles in March. 46 further roles may go depending on the outcome of additional consultation.
    “This is incredibly shortsighted when a modern defence force needs a well-resourced civilian workforce to support our men and women in uniform,” said Fleur Fitzsimons, National Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi.
    The cuts include roles in the army, air force, strategy, health and safety, Defence College, Joint Defence Services, Joint Support Group, financial, Chief of Staff office and Veterans Affairs.
    “This is all about saving money, not strengthening security. It doesn’t make any sense when tensions are rising across the Asia Pacific area and in Europe. It was only a few months ago that a warship from China was in the Tasman Sea.”
    NZDF told staff today it  was facing a tough fiscal environment which has forced it to make deep cuts in a number of areas to save money including:
    • “cancelling some training activities and major exercises”
    • “reducing flying hours, sea days and other training”
    • “pausing property maintenance”
    “The Government is investing in military equipment and technology which is a good thing but is blind to the fact that civilian defence workers, like engineers, IT specialists and many others are needed to support this.
    “All these cuts to jobs will do is increase already heavy workloads, leading to more stress and burnout, and forcing those in uniform to pick up the work of the civilian workers. That is not what they signed up to do and won’t help NZDF improve retention.
    “Civilian workers are the backbone of Defence, yet the Government continues to disrespect their vital role. It’s the wrong choice.”
    Previous statement
    The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

    MIL OSI New Zealand News –

  • Japan’s shaky government loses upper house control

    Source: Government of India

    Source: Government of India (4)

    Japan’s ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba’s grip on power even as he vowed to remain party leader, citing a looming tariff deadline with the United States.

    While the ballot does not directly determine whether Ishiba’s administration will fall, it heaps pressure on the embattled leader who also lost control of the more powerful lower house in October.

    Ishiba’s Liberal Democratic Party (LDP) and coalition partner Komeito returned 47 seats, short of the 50 seats it needed to ensure a majority in the 248-seat upper chamber in an election where half the seats were up for grabs.

    That comes on top of its worst showing in 15 years in October’s lower house election, a vote which has left Ishiba’s administration vulnerable to no-confidence motions and calls from within his own party for leadership change.

    Speaking late on Sunday evening after exit polls closed, Ishiba told NHK he “solemnly” accepted the “harsh result”.

    “We are engaged in extremely critical tariff negotiations with the United States…we must never ruin these negotiations. It is only natural to devote our complete dedication and energy to realizing our national interests,” he later told TV Tokyo.

    Asked whether he intended to stay on as premier, he said “that’s right”.

    Japan, the world’s fourth largest economy, faces a deadline of August 1 to strike a trade deal with the United States or face punishing tariffs in its largest export market.

    The main opposition Constitutional Democratic Party finished second with 22 seats.

    Meanwhile, the far-right Sanseito party announced its arrival in mainstream politics, adding 14 seats to one elected previously. Launched on YouTube a few years ago, the populist party found wider appeal with its ‘Japanese First’ campaign and warnings about a “silent invasion” of foreigners.

    ‘HAMMERED HOME’

    Opposition parties advocating for tax cuts and welfare spending struck a chord with voters, as rising consumer prices – particularly a jump in the cost of rice – have sowed frustration at the government’s response.

    “The LDP was largely playing defence in this election, being on the wrong side of a key voter issue,” said David Boling, a director at consulting firm Eurasia Group.

    “Polls show that most households want a cut to the consumption tax to address inflation, something that the LDP opposes. Opposition parties seized on it and hammered that message home.”

    The LDP has been urging fiscal restraint, with one eye on a very jittery government bond market, as investors worry about Japan’s ability to refinance the world’s largest debt pile. Any concessions the LDP must now strike with opposition parties to pass policy will only further elevate those nerves, analysts say.

    “The ruling party will have to compromise in order to gain the cooperation of the opposition, and the budget will continue to expand,” said Yu Uchiyama, a politics professor at the University of Tokyo.

    “Overseas investors’ evaluation of the Japan economy will also be quite harsh.”

    Sanseito, which first emerged during the COVID-19 pandemic spreading conspiracy theories about vaccinations and a cabal of global elites, is among those advocating fiscal expansion.

    But it is its tough talk on immigration that has grabbed attention, dragging once-fringe political rhetoric into the mainstream.

    It remains to be seen whether the party can follow the path of other far-right parties with which it has drawn comparisons, such as Germany’s AfD and Reform UK.

    “I am attending graduate school but there are no Japanese around me. All of them are foreigners,” said Yu Nagai, a 25-year-old student who voted for Sanseito earlier on Sunday.

    “When I look at the way compensation and money are spent on foreigners, I think that Japanese people are a bit disrespected,” Nagai said after casting his ballot at a polling station in Tokyo’s Shinjuku ward.

    Japan, the world’s fastest aging society, saw foreign-born residents hit a record of about 3.8 million last year.

    That is still just 3% of the total population, a much smaller fraction than in the United States and Europe, but comes amid a tourism boom that has made foreigners far more visible across the country.

    (Reuters)

  • MIL-OSI Banking: Money Market Operations as on July 18, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 7,138.57 5.28 4.50-6.30
         I. Call Money 1,238.40 5.11 4.75-5.40
         II. Triparty Repo 3,345.50 5.22 5.00-5.30
         III. Market Repo 140.12 4.76 4.50-5.00
         IV. Repo in Corporate Bond 2,414.55 5.47 5.40-6.30
    B. Term Segment      
         I. Notice Money** 15,023.65 5.35 4.75-5.45
         II. Term Money@@ 596.00 – 5.35-5.70
         III. Triparty Repo 3,98,881.50 5.31 5.20-5.43
         IV. Market Repo 1,84,937.94 5.36 5.00-5.60
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Fri, 18/07/2025 7 Fri, 25/07/2025 2,00,027.00 5.49
    3. MSF# Fri, 18/07/2025 1 Sat, 19/07/2025 151.00 5.75
      Fri, 18/07/2025 2 Sun, 20/07/2025 0.00 5.75
      Fri, 18/07/2025 3 Mon, 21/07/2025 800.00 5.75
    4. SDFΔ# Fri, 18/07/2025 1 Sat, 19/07/2025 1,13,210.00 5.25
      Fri, 18/07/2025 2 Sun, 20/07/2025 0.00 5.25
      Fri, 18/07/2025 3 Mon, 21/07/2025 3,380.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,15,666.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       6,150.48  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     6,150.48  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,09,515.52  
    G. Cash Reserves Position of Scheduled Commercial Banks          
         (i) Cash balances with RBI as on July 18, 2025 9,91,739.51  
         (ii) Average daily cash reserve requirement for the fortnight ending July 25, 2025 9,63,288.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 18, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 27, 2025 5,79,904.00  

    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).

    – Not Applicable / No Transaction.

    ** Relates to uncollateralized transactions of 2 to 14 days tenor.

    @@ Relates to uncollateralized transactions of 15 days to one year tenor.

    $ Includes refinance facilities extended by RBI.

    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/744

    MIL OSI Global Banks –

  • MIL-OSI Australia: Opinion piece: Going further together in times of uncertainty

    Source: Australian Parliamentary Secretary to the Minister for Industry

    At times of global uncertainty, resilience doesn’t come from retreating inward – it comes from reaching outward.

    That’s the lesson of past economic shocks, and it’s one we must heed again as we confront the fourth major economic disruption in just 2 decades.

    It’s also the principle guiding Australia and Indonesia’s engagement at this week’s G20 Finance Ministers and Central Bank Governors’ Meeting in South Africa.

    We’re neighbours by geography, but partners by choice – and by the shared actions we take on the world stage.

    Last year, we marked 75 years of diplomatic ties, 50 years since Australia became ASEAN’s first dialogue partner, and 25 years of cooperation in the G20.

    Since then, we’ve modernised the ASEAN‑Australia‑New Zealand Free Trade Agreement and celebrated 5 years since IA‑CEPA was signed – a partnership that’s already seen our 2‑way trade double to $35 billion.

    To build on this momentum, Indonesia and Australia have agreed to review the IA‑CEPA, so we can generate broader and deeper economic integration.

    This review will also help ensure that the agreement remains relevant and continues to deliver value for our 2 economies.

    This is just one example of how we’re deepening our economic relationship even further.

    Subject to market conditions, Indonesia will also issue its first‑ever AUD‑denominated ‘Kangaroo bond’ in August – a vote of confidence and meaningful step forward, reflecting our deep bilateral ties.

    This will open new pathways for Australian investors to find quality investment products, support Indonesia’s growth and strengthen financial integration.

    It’s a practical example of the ambition that underpins our economic partnership – and the shared belief that resilience is built through cooperation, reform, and openness.

    Together, Australia and Indonesia are helping lead this effort within the G20 – just as we have for a quarter of a century, since the Asian Financial Crisis first brought finance ministers and central bankers around the same table.

    This year, our cooperation is more critical than ever.

    Around the world, growth is softening, inflation has been sticky, and global trade is under pressure from fragmentation and rising geopolitical risk.

    These challenges make our partnership – and our collective work in international forums – even more important.

    Both Australia and Indonesia have shown remarkable resilience.

    In Australia, inflation has moderated in a substantial and sustained way. Unemployment remains close to historic lows, real wages are growing again and we’ve delivered the first back‑to‑back budget surpluses in nearly 2 decades – alongside the biggest nominal budget turnaround in our history.

    Indonesia, too, has performed strongly – recording one of the highest growth rates in the G20, with inflation and unemployment consistently at the lowest rates since 1998, supported by a rapid fiscal consolidation after the pandemic and the creation of more than 3.5 million new jobs in the past year alone.

    This strength gives us momentum – but it doesn’t make us immune.

    We need to stay focused on the long‑term foundations of growth: productivity, fiscal sustainability, and resilience.

    Productivity, in particular, sits at the heart of both our national economic agendas – because it’s what drives better wages, better jobs, and stronger, more inclusive growth.

    For Indonesia, lifting productivity will be vital to reaching high‑income status by 2045. In Australia, it’s central to building a more modern, more adaptable, more inclusive economy.

    That means upskilling our workforces, attracting productive capital, and unlocking innovation – individually and together.

    And we both recognise the importance of fiscal sustainability, having pushed down our debt to GDP ratios to pre pandemic levels.

    Strong, responsible public finances are not just a fiscal shield – they’re a platform for long‑term investment, resilience and reform.

    At this week’s G20, Australia and Indonesia are standing together to supports sustainable, inclusive growth and open, fair and transparent trade in the spirit of multilateralism.

    Because in a world of churn and change, the right response is not retreat – it’s resolve.

    You see that in our collaboration on IA‑CEPA. You see it through Australia’s Southeast Asia economic strategy. You see it in Indonesia’s new Kangaroo bond. And you see it in our shared ambition to build a more integrated and more prosperous Indo‑Pacific.

    We’ve been close partners for decades. But in this moment of global challenge, we’re choosing to go further – and faster – together.

    MIL OSI News –

  • MIL-OSI Russia: Labubu and Beyond: Deciphering the Rise of China’s ‘Intellectual Property Economy’

    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 21 (Xinhua) — Before 2025, few could have predicted that a quirky plush doll with a toothy smile would capture the hearts of social media users around the world and spark a global buying frenzy. Labubu, created by Chinese toy maker Pop Mart, is becoming a new icon of the “intellectual property economy,” a booming sector in China’s economic landscape.

    A buzzword in China, the “IP economy” refers to the process of transforming intangible cultural assets—such as stories, characters, and brands—into a variety of products and services. The sector spans film and television, video games, animation, cultural creations, consumer goods, and many other areas.

    As the latest example of the IP economy, Labubu is rapidly evolving from a pop culture phenomenon to a high-yield collectible that is taking over the global market. The planet was recently stunned when a mint-colored Labubu doll sold at an auction in Beijing for over 1 million yuan. Fueled by the high demand for the doll, Pop Mart’s revenue in the first quarter of 2025 soared 165-170 percent year-on-year.

    Along with other successful Chinese IP assets such as the animated blockbuster “Ne Zha 2” and the video game “Black Myth: Wukong,” Labubu illustrates a growing trend in China: the transformation of culture and creativity, enhanced by advanced technology, into business opportunities across a wide range of sectors.

    TECHNOLOGICALLY DRIVEN CULTURAL REVIVAL

    With a history of more than five thousand years, China has a wealth of cultural treasures. However, reviving traditional culture in a modern way that appeals to younger generations, who are becoming the main consumer group, remains a challenge.

    With its innovation-driven development strategy and impressive technological achievements, China has paved a new path for cultural revival: transforming cultural classics into IP assets using cutting-edge technology.

    According to Wang Linsheng, a senior researcher at the Beijing Academy of Social Sciences, such a transformation cannot be completed by simply copying ideas and concepts or presenting classics in digital form. Rather, it is a process of reinterpreting objects of the classic cultural layer of Chinese civilization to breathe new life into these eternal treasures.

    “With the support of digital technology, China combines cultural classics with modern IP management methods, aiming to transform traditional elements into products that meet the latest aesthetic trends and consumer demand,” Wang Linsheng said.

    His words are supported by the game “Black Myth: Wukong”, inspired by the classic Chinese literary masterpiece “Journey to the West”. Revealing the legendary adventures of Sun Wukong, also known as the Monkey King, the game uses a range of advanced visual technologies to provide realistic scenes and an immersive experience for players of all cultural backgrounds.

    With its technological reimagining of a classic Chinese story, the game has transcended cultural boundaries and become a global hit. On the day of its official release, Black Myth: Wukong topped the charts of Steam, the world’s largest gaming platform, and has since dominated many other gaming markets around the world.

    Commenting on how technology is fueling China’s current IP boom, Chen Gang, an analyst at Soochow Securities, noted that advanced technologies such as 5G and cloud rendering are helping the country overcome the time and space limitations of traditional communication methods, thereby allowing Chinese cultural and entertainment products to reach a wider audience.

    In recent years, cultural sectors have become a powerful catalyst for China’s economic growth. According to the National Bureau of Statistics, China’s per capita expenditure on education, culture and entertainment reached 3,189 yuan in 2024, up 9.8 percent from a year earlier and accounting for 11.3 percent of the country’s total per capita consumer spending.

    Highlighting the role of IP economy in driving economic growth, Wang Linsheng said IP goes beyond just culture or entertainment. The transformation of cultural classics into IP should be based on modern industrial development models, he added, noting that the process also involves various related sectors related to digital media.

    EMERGING INDUSTRIAL CHAIN

    As China’s IP economy continues to unleash its enormous growth potential, it is fostering an industrial chain that involves more and more upstream and downstream enterprises working together to create high-quality products.

    The Chinese fantasy animated film “Nezha 2,” which has already become the highest-grossing film in Chinese cinema history, has caused a “chain reaction” in various industries. To date, more than 10 types of related products based on the film have been planned and launched.

    Earlier this year, Pop Mart released a series of mystery boxes with a Nezha-themed designer toy on its online store on Tmall, a major Chinese online shopping platform. Just eight days after the series was released, the surprise boxes generated over 10 million yuan in revenue. In addition, other related products such as trading cards and plush toys also gained significant popularity.

    By promoting industrial integration based on original IP assets, China is well positioned to build a full industrial chain covering online literature, film and television, games and related products, said Hong Tao, vice chairman of the China Society for Consumer Economy.

    “This full industrial chain development model can expand the application scenarios of intellectual property and help build bridges between the virtual world and reality, thereby generating greater commercial value and economic benefits,” Hong Tao added.

    To achieve this goal, analysts suggested that the country should promote the harmonization of all links in the industrial chain. This can be achieved through the integration of independent IP objects and their systematic, coordinated development.

    “Chinese IP assets can learn from the Marvel universe, which brings together various superheroes in a single narrative structure,” Chen Gang said, adding that the growth model of the American pop culture icon has shown the way to strengthen the interconnectivity and coordination between different IP assets.

    Looking ahead, Wei Pengju, a scholar at the Central University of Finance and Economics, said China should welcome global cooperation in developing its original IP assets. “In this way, the country can make full use of its IP resources and build an international IP system that integrates both cultural and economic values,” he 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: Ripple’s XRP Mining Breakthrough: PFMCrypto Launches Advanced Free Cloud Mining Contracts

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 20, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

    XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
    Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto’s latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto’s intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations.
    Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts
    –  Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform.
    –  Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
    –  AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns.
    –  100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser.
    –  Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets.

    Mining Contracts for Every Budget and Strategy:
    PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management:
    $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    Whether you’re testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP.
    Click here to explore more XRP cloud contracts.

    Why PFMCrypto’s XRP Mining Stands Out?
    –  Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn.
    –  XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem.
    –  Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins.
    –  Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract.
    –  Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely.

    Get Started Today in 3 Easy Steps:
    1.  Sign Up – Create your account and receive a $10 welcome bonus
    2.  Choose a Plan – Select a short- or long-term contract (1–60 days available)
    3.  Start Earning – Track daily profits and withdraw in the token of your choice

    Start mining XRP now at: https://pfmcrypto.net 
    Or download the PFMCrypto mobile app (available for iOS & Android).

    XRP Mining for a Digital Future
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.
    “XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
    Markets may shift—but daily mining income can remain steady.

    Join the XRP mining revolution today at: https://pfmcrypto.net

    The MIL Network –

  • MIL-OSI: Ripple’s XRP Mining Breakthrough: PFMCrypto Launches Advanced Free Cloud Mining Contracts

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 20, 2025 (GLOBE NEWSWIRE) — As Ripple’s XRP ecosystem gains global momentum, PFMCrypto is proud to introduce a major leap in accessible crypto mining: the launch of XRP-focused cloud mining contracts. Now available on both web and mobile platforms, these flexible short-term contracts allow users to mine XRP remotely and receive daily XRP rewards—no mining hardware, no complex setup, and no prior experience required. For the first time, retail participants can engage with the XRP economy through a streamlined, fully integrated platform.
    Explore the PFMCrypto website or download the app today.

    XRP Cloud Mining Is Here—Simple, Smart, and Rewarding
    Traditionally known for its role in cross-border payments and institutional finance, XRP now enters a new chapter with PFMCrypto’s latest innovation: easy-to-use cloud mining. Users can mine XRP directly or leverage PFMCrypto’s intelligent AI engine to automatically switch between the most profitable assets—including BTC, ETH, DOGE, USDC, and more—for optimized returns. All earnings are paid out daily in your chosen cryptocurrency, providing reliable income regardless of market fluctuations.
    Designed for both everyday users and professional investors, this platform empowers users to generate consistent crypto earnings from anywhere, at any time.

    Key Features of PFMCrypto’s XRP Cloud Mining Contracts
    –  Full XRP Integration: Deposit, purchase, mine, and withdraw XRP directly within the platform.
    –  Multi-Coin Mining Support: Mine and receive earnings in BTC, ETH, DOGE, USDC, USDT, SOL, LTC, and BCH.
    –  AI Revenue Optimization: Proprietary algorithms automatically allocate mining power to the top-performing assets to maximize returns.
    –  100% Remote Access: No mining equipment needed—fully accessible via the PFMCrypto mobile app or browser.
    –  Capital Protection: All contracts include full principal return upon maturity, reducing risk while growing crypto assets.

    Mining Contracts for Every Budget and Strategy:
    PFMCrypto offers a broad range of mining contracts that support XRP-based deposits and withdrawals. Each contract is crafted for flexibility, predictable income, and effective risk management:
    $10 Contract – 1 Day – Earn $0.66 (Free with signup bonus)
    $100 Contract – 2 Days – Earn $3.00 daily + $2 reward
    $500 Contract – 5 Days – Earn $6.15 daily
    $5,000 Contract – 30 Days – Earn $78.50 daily
    $20,000 Contract – 45 Days – Earn $380.00 daily
    Whether you’re testing the waters or building a long-term portfolio, PFMCrypto provides low-risk, high-transparency contracts that deliver stable daily income in XRP.
    Click here to explore more XRP cloud contracts.

    Why PFMCrypto’s XRP Mining Stands Out?
    –  Accessible to Everyone: No mining rigs, no setup, no complexity—just tap and earn.
    –  XRP-Native Integration: Deposit, mine, and withdraw XRP in one seamless ecosystem.
    –  Stable Returns, Smart Allocation: An AI-powered engine dynamically adjusts mining strategies to maximize rewards and ensure daily income across all supported coins.
    –  Multi-Asset Flexibility: Mine XRP directly or diversify earnings into other top digital assets—all with one contract.
    –  Instant Setup, Global Access: Mine from anywhere using your phone or browser—securely and remotely.

    Get Started Today in 3 Easy Steps:
    1.  Sign Up – Create your account and receive a $10 welcome bonus
    2.  Choose a Plan – Select a short- or long-term contract (1–60 days available)
    3.  Start Earning – Track daily profits and withdraw in the token of your choice

    Start mining XRP now at: https://pfmcrypto.net 
    Or download the PFMCrypto mobile app (available for iOS & Android).

    XRP Mining for a Digital Future
    Since 2018, PFMCrypto has helped millions of users around the world generate passive crypto income through secure, smart, cloud-based mining. With the introduction of XRP mining, the platform offers the ideal combination of institutional-grade infrastructure and retail accessibility. Now, users can choose to earn directly in XRP or diversify into major digital assets—all within a secure, fully remote environment.
    “XRP has always been fast, efficient, and scalable,” said a PFMCrypto spokesperson. “Now, it’s also mineable—securely, remotely, and profitably. We’ve eliminated the barriers so anyone can participate in XRP’s future growth.”
    Markets may shift—but daily mining income can remain steady.

    Join the XRP mining revolution today at: https://pfmcrypto.net

    The MIL Network –

  • MIL-OSI China: China expo highlights global supply chain resilience amid tariff turbulence

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

    As tariff tensions and geopolitical uncertainties continue to rattle the global economy, the 2025 China International Supply Chain Expo is emerging as a promising platform to foster resilient, diversified and cooperative global supply chains.

    Running from Wednesday to Sunday in Beijing, the third edition of the supply chain-themed expo has drawn more than 600 exhibitors, notably those of carmakers, logistics providers and pharmaceutical firms, spanning 75 countries and regions.

    Against the backdrop of mounting trade protectionism and rising global fragmentation, the event showcases China’s bid to champion openness, innovation and international cooperation in the face of growing headwinds.

    PLATFORM FOR COOPERATION

    The event comes at a time of heightened trade friction and mounting uncertainty, which is expected to weigh heavily on global economic activity. In its April forecast, the International Monetary Fund projected global growth to slow to 2.8 percent in 2025 and 3 percent in 2026, down from 3.3 percent for both years in its January outlook.

    “Geopolitical tensions have disrupted supply chains, harming not only others but also one’s own interests,” said Xu Jiabin, an economics professor at Renmin University of China. “That’s why we must adopt an inclusive mindset and work together to improve the global supply chain’s connectivity and coordination. This is the path to mutual benefit.”

    People visit the Green Agriculture Chain area of the third China International Supply Chain Expo (CISCE) in Beijing, capital of China, July 19, 2025. The 2025 CISCE, scheduled from July 16 to 20, opened to general public on Saturday. (Xinhua/Chang Nengjia)

    As the world’s first national-level platform focused on supply chains, the expo helps connect Chinese and international firms, promote technical alignment and support deeper economic cooperation, Zhou Xing, head of public affairs at PwC China, told Xinhua.

    “The expo offers a high-efficiency matchmaking platform,” she said. “It enables companies to align on technology, standards and markets, helping drive global collaboration.”

    For Chinese firms, the expo offers a window to expand their international footprint and connect directly with global supply chain nodes. For multinational firms, it provides an opportunity to gain access to China’s vast market, comprehensive industrial ecosystem and strong policy support.

    SIG Group, a Singapore-based accounting and tax firm, is participating in the expo for the second time. As a company dedicated to supporting Chinese enterprises in expanding into ASEAN markets, it engaged in in-depth exchanges with a wide range of partners at the event.

    Edward Liu, a senior director at SIG Group said the event offers a valuable opportunity to enhance the firm’s ability to serve its clients in the future.

    CHINA’S COMMITMENT

    China has consistently championed open, cooperative international trade as an anchor of stability, especially during times of worldwide economic volatility and geopolitical turbulence.

    In a congratulatory letter sent to the 20th Western China International Fair in May, Chinese President Xi Jinping said that China is willing to take the fair as an opportunity to further enhance mutual understanding, strengthen friendship, and deepen cooperation with friends from all countries.

    China will uphold the multilateral trading system and ensure the stable and smooth flow of global industrial and supply chains together with the world, injecting new impetus into the prosperity and development of the world economy, Xi noted.

    During a March meeting in Beijing with more than 40 global CEOs and business leaders, Xi said, “China has been and will remain an ideal, secure, and promising destination for foreign investors.”

    “Embracing China is embracing opportunities, believing in China is believing in a better tomorrow, and investing in China is investing in the future,” he said.

    The Chinese president called on foreign firms to safeguard the multilateral trading system, maintain the stability of global industrial and supply chains, protect the international environment for openness and cooperation, and advance economic globalization in the right direction.

    A visitor tries a smart product equipped with Snapdragon processor at the Qualcomm booth in the Digital Technology Chain area of the third China International Supply Chain Expo (CISCE) in Beijing, capital of China, July 19, 2025. The 2025 CISCE, scheduled from July 16 to 20, opened to general public on Saturday. (Xinhua/Chang Nengjia)

    CONFIDENCE IN CHINA

    China’s economy beat expectations with robust 5.3 percent GDP growth in the first half of 2025 and is actively taking steps to maintain stability and sustain growth momentum in the months ahead. Such economic resilience has strengthened public and investor confidence in the country’s long-term economic prospects, particularly its appeal as a strategic hub for multinational firms looking to restructure and diversify their supply chains.

    “China is no longer just a manufacturing base, but an innovation hub,” said Zhou. “By integrating digital tools and investing in strategic sectors like EVs, renewables and biotech, China is strengthening its position in global value chains.”

    This strategic pivot is already being recognized by global companies. “China has the world’s most complete EV supply chain, with top-tier local suppliers and highly responsive manufacturing capabilities,” a Tesla spokesperson told Xinhua.

    Nvidia CEO Jensen Huang shared a similar view on Thursday, describing China’s supply chain as a “miracle” and highlighting the country’s deep capabilities in artificial intelligence and computer science.

    As China continues to pursue high-quality opening-up, foreign firms are also gaining expanded access and greater policy support. “Foreign companies are expected to benefit from greater market access, a more level playing field and broader opportunities for cooperation,” said Poh-Yian Koh, president of FedEx China.

    FedEx applauds the Chinese government’s ongoing efforts to optimize the business environment, and pledges to continue to strengthen its logistics network and digital capabilities to enhance connectivity between Chinese and global markets, she added.

    MIL OSI China News –

  • MIL-OSI: Mint Miner cloud mining fully upgrades new asset appreciation methods: free APP + stablecoin automatic income distribution

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 20, 2025 (GLOBE NEWSWIRE) — In the context of global digital assets moving towards mainstream and institutionalization, Mint Miner is reshaping the definition of cloud mining with a revolutionary product structure and technology stack. Its newly upgraded smart mining platform integrates free application entry, stablecoin automatic income system, flexible contract mechanism and global incentive matrix to build a more transparent, smarter and global user-friendly asset appreciation solution.

    Free threshold, open a path for the steady growth of digital assets

    Different from the high threshold and heavy configuration of traditional mining platforms, Mint Miner launched a full-featured free App that allows users to “mine on the chain” with zero hardware and zero technical threshold. The application has a built-in multi-currency asset management module, supporting mainstream crypto assets such as BTC, ETH, XRP, USDT, USDC, etc. Users can choose different mining contracts on demand, and daily income will be automatically issued through the on-chain stablecoin smart contract, without manual operation and waiting for confirmation cycle, realizing true “passive income automation”.

    Join Mint Miner to experience the stablecoin automatic income system

    In order to further improve transparency and user experience, Mint Miner fully connects to the on-chain stablecoin income settlement system. All mining returns are priced in real time in US dollar stablecoins and automatically collected to the user’s wallet to ensure that the income is not affected by the price fluctuations of the crypto market, achieving low risk and stable returns. Register now to get an exclusive novice reward-a cloud mining computing power worth $15, and you can log in every day to receive a $0.6 stable income benefit, without investing money, and start daily income immediately.

    Flexible contract matrix + continuous reward mechanism to release the financial value of computing power

    Mint Miner introduces the “cloud computing power assetization” model in the new version: users can not only freely choose flexible contracts with different terms, currencies, and yields.

    It can also continuously accumulate its own “computing power net value” through invitation mechanisms, renewal rewards and periodic computing power increase plans, which essentially builds an upgradeable and recyclable cloud mining ecological asset.

    Safe, green and compliant: building a digital income portal trusted by global users

    In the context of increasingly stringent global supervision, Mint Miner took the lead in completing multi-country compliance filings and established local nodes in countries such as the United Kingdom, Estonia, the United Arab Emirates, and Singapore, working closely with local governments to ensure that the platform has cross-border legitimacy in data processing, tax declaration, and anti-money laundering.

    At the same time, the green mines deployed by Mint Miner are mainly hydropower, wind power, and geothermal energy, with a carbon footprint close to zero, which meets the requirements of the United Nations’ “2030 Sustainable Development Goals” and also meets the new standards for ESG investment by large institutions.

    Conclusion:

    Mint Miner is breaking down the barriers between retail investors and the long-term appreciation of digital assets with its core architecture of “free entry + stable income + contract incentives + green compliance”, and promoting the transformation of cloud mining from a speculative tool to a truly inclusive financial infrastructure**.

    Download the Mint Miner app for free now, receive an exclusive mining contract, and start a new era of wealth growth in the stablecoin era with global users.
    Official website: https://mintminer.com
    Email:info@mintminer.com

    Attachment

    The MIL Network –

  • MIL-OSI Submissions: Australia – CommBank Next Chapter Innovation partners help to address financial abuse in First Nations communities

    Source: Commonwealth Bank of Australia (CBA)

    CommBank releases its FY26-28 Elevate Reconciliation Action Plan (RAP) .

    CommBank has announced its 2025 Next Chapter Innovation partners, maintaining the program’s focus on supporting innovative, community-led programs that address financial abuse in First Nations communities.  

    This announcement coincides with the release of CommBank’s FY26-28 Elevate Reconciliation Action Plan (RAP) and reflects its ambition to be a trusted partner to First Nations peoples as they achieve their social, cultural and economic aspirations.

    Over the next 18 months two First Nations-led organisations, Mudgin-gal Aboriginal Corporation(NSW) and Mookai Rosie-Bi-Bayan (QLD) will each receive access to grants of up to $200,000 plus tailored non-financial assistance, including, executive mentoring, and capability-building support from across CommBank.

    Supporting solutions designed by the community, for the community

    Now in its third year, CommBank’s Next Chapter Innovation program is part of the bank’s broader commitment to help address domestic and family violence (DFC) and financial abuse, to support victim-survivors on their path to long-term financial independence.  

    Recent research by the Indigenous Consumer Assistance Network (ICAN) highlights that financial abuse can affect First Nations peoples in unique ways. The ICAN report explores how financial control within relationships and the exploitation of cultural obligations can create financial stress. It also emphasises the importance of culturally safe, community-led solutions to overcome barriers to seeking support.

    The Next Chapter Innovation program is investing in First Nations-led place-based initiatives that provide culturally informed, practical responses to financial abuse – creating safer pathways to financial security.

    Introducing CommBank’s 2025 Next Chapter Innovation partners

    This year’s partners were nominated by members of CommBank’s First Nations Employee Network and have been selected for their innovative, community-based approaches to supporting recovery in First Nations communities.

    Mudgin-gal Aboriginal Corporation (NSW) – Mudgin-gal – meaning “Women’s Place”, has stood at the heart of Redfern as a sanctuary for Aboriginal women and families. Entirely led by Aboriginal women, the organisation has become a beacon of community strength, cultural healing, and early intervention in the fight against family violence. Mudgin-gal Aboriginal Corporation will deliver Sacred Circles – trauma-informed, healing-led sessions that blend cultural practice with practical financial education, supporting women’s recovery and financial empowerment.  
    Mookai Rosie-Bi-Bayan (QLD) – With more than 35 years of experience providing healthcare and accommodation services to women and children of Queensland’s Cape York, NPA, and Torres Strait regions, Mookai Rosie-Bi-Bayan is continuing the legacy of their Aunties by establishing the ‘Building Futures, Building Communities’ program. The initiative will create a social enterprise that supports victim-survivor recovery and generates income by harnessing traditional knowledge of plants, to make medicinal healing products, empowering women with both cultural and economic strength.

    CommBank will also continue to work with its 2024 Next Chapter Innovation partners, Strong Women Talking and the Council of Aboriginal Services Western Australia (CASWA).

    Mitchell Heritage, CommBank Executive Manager looking after First Nations business banking and a member of CommBank’s Indigenous Leadership Team said: “CommBank’s Next Chapter Innovation program was established to help break the cycle of financial abuse and empower people to rebuild long-term financial independence. This year, we are pleased to support First Nations communities through the program by investing in innovative, culturally informed programs. We are proud to back community-led organisations that are delivering real change on the ground.”

    For further details on CommBank’s Next Chapter support, visit: commbank.com.au/nextchapter

    CommBank launches FY26-28 Elevate RAP

    This announcement aligns with the delivery of the Bank’s eighth Reconciliation Action Plan. Through the FY26-28 RAP, CommBank has reaffirmed its commitment to deliver 12 reconciliation priorities that will strengthen the Bank’s engagement with First Nations people across four key areas – reconciliation and community, education and careers, business success and growth, and financial inclusion.

    In endorsing the Bank’s latest RAP, Karen Mundine, CEO of Reconciliation Australia said: “Commonwealth Bank’s FY26-28 Elevate RAP sets out their priorities in further strengthening their engagement with First Nations peoples. It builds on the Bank’s previous reconciliation commitments; through listening to the voices and expertise of First Nations people and using that knowledge to continually expand their strategies, the Bank demonstrates a sustainable approach to their reconciliation program, now and into the future.”

     For further details on CommBank’s FY26-28 Elevate RAP, including the Bank’s FY26-28 RAP priorities, visit: commbank.com.au/reconciliation.

    Anyone worried about their finances because of domestic or family violence or coercive control can contact the Next Chapter Team on 1800 222 387 for support – no matter who they bank with. 

    If you or someone you know is experiencing domestic or family violence, call 1800RESPECT (1800 737 732) or visit www.1800RESPECT.org.au or 13 YARN (13 92 76 or www.13yarn.org.au).

    In an emergency or if you’re not feeling safe, always call 000.

    Further information: demonstrated impact of the Next Chapter Innovation program through independent evaluation

    An independent evaluation of CommBank’s Next Chapter Innovation program conducted by UNSW found that the first cohort of partners delivered significant outcomes, with broad reach across communities and the sector.  

    Key program results:  

    Engagement with nearly 600 clients and service users.
    Collaboration with more than 150 stakeholders through workshops and consultations.
    The development of two new practice models and guidelines to strengthen responses to financial abuse.

    Unique achievements of the individual partners include:

    • Afghan Women on the Move worked with 500 Afghan and multicultural women to build financial skills, improve digital literacy, recognise financial abuse and explore employment and small business opportunities  
    • YFS Ltd enhanced sector-wide knowledge of technology facilitated abuse, engaging 90 victims-survivors and 133 sector workers to improve safety, wellbeing and response capability. 
    • EACH engaged 35 national stakeholders to co-design a service model addressing financial abuse in small business, intended for future implementation through a National Centre for Financial Abuse in Small Business. 
    • Indian (Sub-Cont) Crisis Support Agency developed a framework for communities and practitioners to better identify and respond to dowry abuse in South Asian communities.

    MIL OSI – Submitted News –

  • MIL-OSI New Zealand: Cost-of-living keeps rising for those who can least afford it

    Source: NZCTU

    Data released by Statistics New Zealand today shows that the cost-of-living crisis is getting worse as inflation as measured by the Consumer Price Index rose annually to 2.7%, said NZCTU Te Kauae Kaimahi Economist Craig Renney.

    “This marks the third straight quarter in which annual inflation has increased, up from 2.2% in December 2024. A key reason why inflation didn’t break out of the 1-3% target barrier is that petrol pricing was down. Excluding petrol, annual inflation was 3.2%,” said Renney.

    “The data shows that prices rose most in areas that are particularly hard to manage for middle- and low-income groups. Household energy rose 9.1%, with gas prices rising 15.4%. Dairy and eggs rose 9.9%. Dwelling and contents insurance rose 10%. Rates are up 12.2%.

    “This increase is likely to put further pressure on households, particularly those on the minimum wage – who received a pay rise of just 1.5% in April. When last measured, 48% of workers got a pay rise less than 2%, while 59% got a pay rise less of than 3%. It is these workers who are paying the price of the cost-of-living crisis.

    “The Government has made a mess of the economy. Rents are still rising faster than general inflation, despite billions in tax breaks. Food pricing is rising at 4.2% despite the governments claims to be focused on supermarket competition. Workers are paying the price for the Government’s inaction.

    “The economy is stumbling and is likely heading back to negative growth, and the Government has consistently cut investment. Trade tariffs and uncertainty are likely to add further concerns to growth. The cost of tertiary education rose significantly due to the removal of first year free – making it harder to access skills training during rising unemployment,” said Renney.

    MIL OSI New Zealand News –

  • MIL-OSI Submissions: How the world’s nuclear watchdog monitors facilities around the world – and what it means that Iran kicked it out

    Source: The Conversation – USA – By Anna Erickson, Professor of Nuclear and Radiological Engineering, Georgia Institute of Technology

    This travel case holds a toolkit containing equipment for inspecting nuclear facilities. Dean Calma/IAEA, CC BY

    What happens when a country seeks to develop a peaceful nuclear energy program? Every peaceful program starts with a promise not to build a nuclear weapon. Then, the global community verifies that stated intent via the Treaty on the Non-Proliferation of Nuclear Weapons.

    Once a country signs the treaty, the world’s nuclear watchdog, the International Atomic Energy Agency, provides continuous and technical proof that the country’s nuclear program is peaceful.

    The IAEA ensures that countries operate their programs within the limits of nonproliferation agreements: low enrichment and no reactor misuse. Part of the agreement allows the IAEA to inspect nuclear-related sites, including unannounced surprise visits.

    These are not just log reviews. Inspectors know what should and should not be there. When the IAEA is not on site, cameras, tamper-revealing seals on equipment and real-time radiation monitors are working full-time to gather or verify inside information about the program’s activities.

    Safeguards toolkit

    The IAEA safeguards toolkit is designed to detect proliferation activities early. Much of the work is fairly technical. The safeguards toolkit combines physical surveillance, material tracking, data analytics and scientific sampling. Inspectors are chemists, physicists and nuclear engineers. They count spent fuel rods in a cooling pond. They check tamper seals on centrifuges. Often, the inspectors walk miles through hallways and corridors carrying heavy equipment.

    That’s how the world learned in April 2021 about Iran pushing uranium enrichment from reactor-fuel-grade to near-weapons-grade levels. IAEA inspectors were able to verify that Iran was feeding uranium into a series of centrifuges designed to enrich the uranium from 5%, used for energy programs, to 60%, which is a step toward the 90% level used in nuclear weapons.

    Around the facilities, whether for uranium enrichment or plutonium processing, closed-circuit surveillance cameras monitor for undeclared materials or post-work activities. Seals around the facilities provide evidence that uranium gas cylinders have not been tampered with or that centrifuges operate at the declared levels. Beyond seals, online enrichment monitors allow inspectors to look inside of centrifuges for any changes in the declared enrichment process.

    Seals verify whether nuclear equipment or materials have been used between onsite inspections.

    When the inspectors are on-site, they collect environmental swipes: samples of nuclear materials on surfaces, in dust or in the air. These can reveal if uranium has been enriched to levels beyond those allowed by the agreement. Or if plutonium, which is not used in nuclear power plants, is being produced in a reactor. Swipes are precise. They can identify enrichment levels from a particle smaller than a speck of dust. But they take time, days or weeks. Inspectors analyze the samples at the IAEA’s laboratories using sophisticated equipment called mass spectrometers.

    In addition to physical samples, IAEA inspectors look at the logs of material inventories. They look for diversion of uranium or plutonium from normal process lines, just like accountants trace the flow of finances, except that their verification is supported by the ever-watching online monitors and radiation sensors. They also count items of interest and weigh them for additional verification of the logs.

    Beyond accounting for materials, IAEA inspectors verify that the facility matches the declared design. For example, if a country is expanding centrifuge halls to increase its enrichment capabilities, that’s a red flag. Changes to the layout of material processing laboratories near nuclear reactors could be a sign that the program is preparing to produce unauthorized plutonium.

    Losing access

    Iran announced on June 28, 2025, that it has ended its cooperation with the IAEA. It removed the monitoring devices, including surveillance cameras, from centrifuge halls. This move followed the news by the IAEA that Iran’s enrichment activities are well outside of allowed levels. Iran now operates sophisticated uranium centrifuges, like models IR-6 and IR-9.

    Removing IAEA access means that the international community loses insight into how quickly Iran’s program can accumulate weapon-grade uranium, or how much it has produced. Also lost is information about whether the facility is undergoing changes for proliferation purposes. These processes are difficult to detect with external surveillance, like satellites, alone.

    A satellite view of Iran’s Arak Nuclear Complex, which has a reactor capable of producing plutonium.
    Satellite image (c) 2025 Maxar Technologies via Getty Images

    An alternative to the uranium enrichment path for producing nuclear weapons material is plutonium. Plutonium can’t be mined, it has to be produced in a nuclear reactor. Iran built a reactor capable of producing plutonium, the IR-40 Heavy Water Research Reactor at the Arak Nuclear Complex.

    Iran modified the Arak reactor under the now-defunct Joint Comprehensive Plan of Action to make plutonium production less likely. During the June 2025 missile attacks, Israel targeted Arak’s facilities with the aim of eliminating the possibility of plutonium production.

    With IAEA access suspended, it won’t be possible to see what happens inside the facility. Can the reactor be used for plutonium production? Although a lengthier process than the uranium enrichment path, plutonium provides a parallel path to uranium enrichment for developing nuclear weapons.

    Continuity of knowledge

    North Korea expelled IAEA inspectors in 2009. Within a few years, they restarted activities related to uranium enrichment and plutonium production in the Yongbyon reactor. The international community’s information about North Korea’s weapons program now relies solely on external methods: satellite images, radioactive particles like xenon – airborne fingerprints of nuclear activities – and seismic data.

    What is lost is the continuity of the knowledge, a chain of verification over time. Once the seals are broken or cameras are removed, that chain is lost, and so is confidence about what is happening at the facilities.

    When it comes to IAEA inspections, there is no single tool that paints the whole picture. Surveillance plus sampling plus accounting provide validation and confidence. Losing even one weakens the system in the long term.

    The existing safeguards regime is meant to detect violations. The countries that sign the nonproliferation treaty know that they are always watched, and that plays a deterrence role. The inspectors can’t just resume the verification activities after some time if access is lost. Future access won’t necessarily enable inspectors to clarify what happened during the gap.

    Anna Erickson receives funding from DOE National Nuclear Security Administration.

    – ref. How the world’s nuclear watchdog monitors facilities around the world – and what it means that Iran kicked it out – https://theconversation.com/how-the-worlds-nuclear-watchdog-monitors-facilities-around-the-world-and-what-it-means-that-iran-kicked-it-out-260689

    MIL OSI –

  • MIL-OSI China: Britain’s job market sliding under rising labor cost, US tariff threat

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

    Photo taken on Jan. 18, 2022 shows a job center sign in Manchester, Britain. [Photo/Xinhua]

    Britain’s job market continues to show clear signs of weakening, with unemployment rising and recruitment stagnating amid escalating labor costs and external economic pressures. Experts have warned that uncertainty stemming from U.S. tariffs is further exacerbating the situation.

    Data released by the Office for National Statistics (ONS) on Thursday revealed that the country’s unemployment rate for people aged 16 and over stood at 4.7 percent during the March-May period of 2025. This marks a notable increase both year-on-year and quarter-on-quarter, pushing the rate to its highest level in nearly four years.

    The ONS figures also showed job vacancies climbing to new highs, indicating that despite a growing number of unemployed individuals, businesses are still struggling to fill positions.

    “The government’s tax rises, a higher minimum wage and the U.S. trade war are hitting the jobs market,” Financial Times reported.

    David Bharier, head of research at the British Chambers of Commerce (BCC), told Xinhua that steep increases in national insurance contributions and the national living wage weigh heavily on the latest employment data.

    “BCC research shows that recruitment remains challenging, and businesses cite labor costs as the biggest pressure,” Bharier said. “This mounting financial pressure, alongside pervasive skills shortages, remains a massive challenge for business, presenting big risks to investment and productivity.”

    According to Bharier, the BCC’s most recent economic forecast suggests hiring will remain subdued and the unemployment rate is expected to stay largely static. “We currently forecast a rate of 4.6 percent at the end of 2027,” he said.

    Tina McKenzie, policy chair of the Federation of Small Businesses (FSB), stressed that the latest trends paint a worrying picture for Britain’s small business sector.

    “New FSB research has found that twice as many small businesses shed staff in the second quarter of 2025-20 percent-than increased their employee numbers,” she said.

    For the first time in the 15-year history of the FSB’s quarterly Small Business Index, more small businesses expect to shrink or close over the next 12 months than those that expect to expand. “That’s more than alarming for the economy and for communities across Britain where these hard-working businesses operate,” she said, noting that small businesses currently provide more than 16 million jobs in Britain-over half of all private sector employment.

    Experts also believe the ongoing threat of U.S. tariffs is contributing to the negative data and will continue to influence Britain’s job market and economy in the long term, despite the existence of a trade agreement.

    William Bain, head of policy at the BCC, said their April survey revealed that 62 percent of firms exporting to the U.S. had been affected by rising costs and order book pressures caused by higher U.S. tariffs, a sentiment that aligns with the rising unemployment figures reported by the ONS.

    David Bailey, professor of business economics at the University of Birmingham, noted that U.S. tariffs are impacting Britain’s export-driven sectors and, in turn, the job market.

    “Even though Britain has got this deal with Trump on tariffs, the tariffs are still going up from 2.5 percent to 10 percent. It may not be 25 percent, but it’s still going to affect exports from Britain and therefore hit economic growth,” Bailey said, adding that this uncertainty for British firms, combined with the government’s “mistake” of raising national insurance contributions alongside the higher minimum wage, has contributed to the sluggish employment situation. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Economy – Cost-of-living keeps rising for those who can least afford it – CTU

    Source: NZCTU Te Kauae Kaimahi

    Data released by Statistics New Zealand today shows that the cost-of-living crisis is getting worse as inflation as measured by the Consumer Price Index rose annually to 2.7%, said NZCTU Te Kauae Kaimahi Economist Craig Renney.

    “This marks the third straight quarter in which annual inflation has increased, up from 2.2% in December 2024. A key reason why inflation didn’t break out of the 1-3% target barrier is that petrol pricing was down. Excluding petrol, annual inflation was 3.2%,” said Renney.

    “The data shows that prices rose most in areas that are particularly hard to manage for middle- and low-income groups. Household energy rose 9.1%, with gas prices rising 15.4%. Dairy and eggs rose 9.9%. Dwelling and contents insurance rose 10%. Rates are up 12.2%.

    “This increase is likely to put further pressure on households, particularly those on the minimum wage – who received a pay rise of just 1.5% in April. When last measured, 48% of workers got a pay rise less than 2%, while 59% got a pay rise less of than 3%. It is these workers who are paying the price of the cost-of-living crisis.

    “The Government has made a mess of the economy. Rents are still rising faster than general inflation, despite billions in tax breaks. Food pricing is rising at 4.2% despite the governments claims to be focused on supermarket competition. Workers are paying the price for the Government’s inaction.

    “The economy is stumbling and is likely heading back to negative growth, and the Government has consistently cut investment. Trade tariffs and uncertainty are likely to add further concerns to growth. The cost of tertiary education rose significantly due to the removal of first year free – making it harder to access skills training during rising unemployment,” said Renney.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economy – Inflation will improve into 2026 – Kiwibank Senior Economist

    Source: Kiwibank Senior Economist, Mary Jo Vergara.
    Kiwi inflation likely lifted to 2.7%yoy from 2.5%yoy over the June quarter. But context is key. A reacceleration in imported inflation is driving the move higher. It was food and electricity that continues to bite at our back pockets. Domestic price pressures are cooling. 

    This is the first test for an August cash rate cut. It’s widely expected that headline will push towards the top end of the RBNZ’s target band. But more important to policy is underlying inflation, which continues to ease. Spare capacity within the Kiwi economy is keeping downward pressure on domestically generated inflation. 

    Downside risks to medium-term inflation remain. Whether that’s a consequence of a slowdown in global economic growth, or a diversion of trade marked at a discount. There is still a case for more accommodative interest rate settings.

    Kiwi inflation accelerated over the June quarter. Annual headline rose to 2.7% from 2.5%. It’s a move in the wrong direction. But context is key. A strengthening in imported inflation is driving headline higher. But domestic price pressures, on balance, continue to cool. And most importantly, the underlying trend in consumer prices is weak. Excluding the volatile movements in food and fuel, annual core inflation lifted to 2.7% from 2.6%. A move that was better than many had feared, and one that will improve into next year. For now, there’s little risk this bout of high inflation will persist. Especially given that there’s still significant spare capacity in the Kiwi economy. 

    Here’s a data dump. Non-tradables, domestically generated inflation, rose 0.7%qoq and 3.7% on the year. Excluding housing related stuff, it’s up 3.5%. And there’s good news for housing related stuff. Building costs fell 0.1%qoq (the lowest we’ve seen since 2021) and 0.8% over the year. That’s the weakness we’ve seen since 2009. Falling materials costs, like steel, match the anecdotes were hearing from developers. And wages within the industry have softened also. There’s less work. Renters face weaker rent rises as well. More good news. Rents rose 0.8%qoq and 3.2% over the year… down from 3.7% last quarter. So whilst we’re being hit with hefty food, electricity, insurance, and council rates… at least our rents aren’t rising as much… or if you own a property, interest rates are less painful (but at these levels, they still hurt, not help).

    Mary Jo Vergara
    Senior Economist

    Kiwibank.

    MIL OSI New Zealand News –

  • MIL-OSI Analysis: Is spinal cord stimulation safe? Does it work? Here’s what you need to know if you have back pain

    Source: The Conversation – Global Perspectives – By Caitlin Jones, Postdoctoral Research Associate in Musculoskeletal Health, University of Sydney

    AsiaVision/Getty

    Spinal cord stimulators are electrical devices that are surgically implanted in the body to treat long-term pain. They have a battery pack and leads that deliver electrical impulses directly to the spinal cord. The devices are thought to work by providing electrical impulses that interfere with how the brain senses pain.

    Spinal cord stimulators are mainly used to treat chronic back pain, especially when other less invasive treatments have not worked. They also aim to reduce people’s reliance on risky pain medicines. These include opioids, which research shows are ineffective and harmful for low-back pain.

    But research, including our own, shows spinal cord stimulators work no better than a placebo. And they can also carry risks.

    Do they work?

    In a 2023 Cochrane review, researchers reviewed data from 13 randomised controlled trials on low-back pain and found no benefits in the short and medium term. These international reviews draw together the most robust evidence to provide a detailed summary of what we know on a particular topic.

    Only one of the trials in the review tested efficacy in the longer term (six months). That trial found no benefits of spinal cord stimulation.

    An earlier Cochrane review looked at the evidence of spinal cord stimulation for chronic pain in general, including for neck pain. Reviewers looked at 15 randomised controlled trials and couldn’t be certain about its benefits, largely due to the quality and reliability of the available trials.

    Are there side effects?

    Aside from disappointing results for pain relief, there are risks and side effects to consider.

    We co-authored an analysis of 520 adverse events reported to Australia’s Therapeutic Goods Administration (TGA). We found 79% of reported events were rated as severe, with 13% life-threatening. The same research found 80% of events required surgery to correct.

    Our recent analysis in the Medical Journal of Australia looked at data from private health insurers. These cover 90% of spinal cord stimulation implants in Australia. Five major insurers, which covered 76% of privately insured people, contributed de-identified data.

    We found about one-quarter of people who had a spinal cord stimulator implanted needed corrective surgery afterwards. These surgeries occurred within a median of about 17 months. This indicates these surgeries are not routine or expected interventions, such as to replace batteries, which are meant to last five to ten years.

    Our previous research shows the sorts of reasons for corrective surgery. These include to replace a malfunctioning device, or the person was in more pain, had an infection, or a puncture of the delicate tissues covering the spinal cord.

    However, even our latest findings are likely to underestimate the risk of these devices.

    Sometimes the lead delivering the electrical current moves away from the spinal cord to elsewhere in the body. This requires surgery to reposition the lead, but does not necessarily require new hardware, such as a brand new lead. So this type of corrective surgery is not counted in the data from the private health insurance companies.

    How much does it cost?

    We found spinal cord stimulators cost about A$55,000 per patient, including the device, its insertion, and managing any associated additional surgeries.

    For people who only had a “trial” – where the leads are implanted temporarily but the battery pack remains outside the body – this cost was about $14,000 per patient.

    These figures do not include any out-of-pocket costs.

    What do regulators say about the devices?

    In 2022 the TGA began a review of spinal cord stimulators on the market because of safety and performance concerns.

    As a result, several devices were removed from the Australian Register of Therapeutic Goods – that is, they were banned from use in Australia, but existing stock could still be used.

    The rest of the devices had conditions imposed, such as the manufacturers being required to collect and report safety data to the TGA at regular time points.

    Should I do my own online research?

    Yes, but be careful. Unfortunately not all online information about spinal cord stimulators is correct.

    Look for sites independent of those who manufacture or implant these devices.

    Government agencies, health departments and universities that have no financial interests in this area may be a better option.

    The Cochrane Library is also a reliable and independent source for trustworthy health information.

    What shall I ask my doctor?

    The Australian health department provides useful advice for consumers about medical implants.

    It says medical implants “are considered higher-risk therapeutic goods, and the decision to get one should not be taken lightly”. It recommends asking your health professional these questions:

    • do I really need this medical implant?

    • what are the risks/benefits?

    • is the medical implant approved?

    • where can I get more information?

    • what happens if I experience an adverse event?

    What else could I do for my back pain?

    There are other treatment options that are effective and have fewer risks than spinal cord stimulation.

    For example, education about how to manage your pain yourself, exercise, cognitive behavioural therapy (a type of psychological therapy), and non-steroidal anti-inflammatory medicines (such as ibuprofen) all have solid evidence to back them. All offer benefits that are not outweighed by their potential risks.

    Australian research has shown other types of therapy – such as sensorimotor retraining and cognitive functional therapy – are also effective. You can discuss these and other options with your health professional.

    Spinal cord stimulation is a good example of a treatment that got ahead of the evidence. Although the devices have been around since the 1960s, we’ve only had reliable trials to test whether they work in recent years.

    Everyone wants to find ways to help people with chronic pain, but we must ensure medical care is grounded in reliable science.

    Christopher Maher holds a research fellowship funded by the National Health and Medical Research Council.

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

    – ref. Is spinal cord stimulation safe? Does it work? Here’s what you need to know if you have back pain – https://theconversation.com/is-spinal-cord-stimulation-safe-does-it-work-heres-what-you-need-to-know-if-you-have-back-pain-261364

    MIL OSI Analysis –

  • MIL-Evening Report: Why has a bill to relax foreign investment rules had so little scrutiny?

    Source: The Conversation (Au and NZ) – By Jane Kelsey, Emeritus Professor of Law, University of Auckland, Waipapa Taumata Rau

    Getty Images

    While public attention has been focused on the domestic fast-track consenting process for infrastructure and mining, Associate Minister of Finance David Seymour has been pushing through another fast-track process – this time for foreign investment in New Zealand. But it has had almost no public scrutiny.

    If the Overseas Investment (National Interest Test and Other Matters) Amendment Bill becomes law, it could have far-reaching consequences. Public submissions on the bill close on July 23.

    A product of the ACT-National coalition agreement, the bill commits to amend the Overseas Investment Act 2005 “to limit ministerial decision making to national security concerns and make such decision making more timely”.

    There are valid concerns that piecemeal reforms to the current act have made it complex and unwieldy. But the new bill is equally convoluted and would significantly reduce effective scrutiny of foreign investments – especially in forestry.

    A three-step test

    Step one of a three-step process set out in the bill gives the regulator – the Overseas Investment Office which sits within Land Information NZ – 15 days to decide whether a proposed investment would be a risk to New Zealand’s “national interest”.

    If they don’t perceive a risk, or that initial assessment is not completed in time, the application is automatically approved.

    Transactions involving fisheries quotas and various land categories, or any other applications the regulator identifies, will require a “national interest” assessment under stage two.

    These would be assessed against a “ministerial letter” that sets out the government’s general policy and preferred approach to conducting the assessment, including any conditions on approvals.

    Other mandatory factors to be considered in the second stage include the act’s new “purpose” to increase economic opportunity through “timely consent” of less sensitive investments. The new test would allow scrutiny of the character and capability of the investor to be omitted altogether.

    If the regulator considers the national interest test is not met, or the transaction is “contrary to the national interest”, the minister of finance then makes a decision based on their assessment of those factors.

    Inadequate regulatory process

    Seymour has blamed the current screening regime for low volumes of foreign investment. But Treasury’s 2024 regulatory impact statement on the proposed changes to international investment screening acknowledges many other factors that influence investor decisions.

    Moreover, the Treasury statement acknowledges public views that foreign investment rules should “manage a wide range of risks” and “that there is inherent non-economic value in retaining domestic ownership of certain assets”.

    Treasury officials also recognised a range of other public concerns, including profits going offshore, loss of jobs, and foreign control of iconic businesses.

    The regulatory impact statement did not cover these factors because it was required to consider only the coalition commitment. The Treasury panel reported “notable limitations” on the bill’s quality assurance process.

    A fuller review was “infeasible” because it could not be completed in the time required, and would be broader than necessary to meet the coalition commitment to amend the act in the prescribed way.

    The requirement to implement the bill in this parliamentary term meant the options officials could consider, even within the scope of the coalition agreement, were further limited.

    Time constraints meant “users and key stakeholders have not been consulted”, according to the Treasury statement. Environmental and other risks would have to be managed through other regulations. There is no reference to te Tiriti o Waitangi or mana whenua engagement.

    Forestry ‘slash’ after Cyclone Gabrielle in 2023: no need to consider foreign investors’ track records.
    Getty Images

    No ‘benefit to NZ’ test

    While the bill largely retains a version of the current screening regime for residential and farm land, it removes existing forestry activities from that definition (but not new forestry on non-forest land). It also removes extraction of water for bottling, or other bulk extraction for human consumption, from special vetting.

    Where sensitive land (such as islands, coastal areas, conservation and wahi tapu land) is not residential or farm land, it would be removed from special screening rules currently applied for land.

    Repeal of the “special forestry test” – which in practice has seen most applications approved, albeit with conditions – means most forestry investments could be fast-tracked.

    There would no longer be a need to consider investors’ track records or apply a “benefit to New Zealand” test. Regulators may or may not be empowered to impose conditions such as replanting or cleaning up slash.

    The official documents don’t explain the rationale for this. But it looks like a win for Regional Development Minister Shane Jones, and was perhaps the price of NZ First’s support.

    It has potentially serious implications for forestry communities affected by climate-related disasters, however. Further weakening scrutiny and investment conditions risks intensifying the already devastating impacts of international forestry companies. Taxpayers and ratepayers pick up the costs while the companies can minimise their taxes and send profits offshore.

    Locked in forever?

    Finally, these changes could be locked in through New Zealand’s free trade agreements. Several such agreements say New Zealand’s investment regime cannot become more restrictive than the 2005 act and its regulations.

    A “ratchet clause” would lock in any further liberalisation through this bill, from which there is no going back.

    However, another annex in those free trade agreements could be interpreted as allowing some flexibility to alter the screening rules and criteria in the future. None of the official documents address this crucial question. As an academic expert in this area I am uncertain about the risk.

    But the lack of clarity underlines the problems exemplified in this bill. It is another example of coalition agreements bypassing democratic scrutiny and informed decision making. More public debate and broad analysis is needed on the bill and its implications.

    Jane Kelsey has received funding from the Marsden Fund for research related to New Zealand’s foreign investment regime and international agreements.

    – ref. Why has a bill to relax foreign investment rules had so little scrutiny? – https://theconversation.com/why-has-a-bill-to-relax-foreign-investment-rules-had-so-little-scrutiny-261370

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Australian gamemakers level-up with major funding from Screen Australia

    Source: AMP Limited

    21 07 2025 – Media release

    Retopia
    New games capture distinctive stories, landscapes and communities from across the country
    Screen Australia has today announced the latest games and gaming events to be supported through the agency’s industry-leading funding programs – providing $1.4 million for gamemakers to upskill and develop stand-out projects.
    The funding supports 26 games including a hand-drawn puzzle game about a flooded village rebuilding after climate catastrophe, a point-and-click visual novel with small town mysteries to solve, and an action-adventure RPG (Role-Playing Game) about a brave native mouse. It also supports the Freeplay 2025 Events Series, solidifying the agency’s commitment to foster a sector that has both a robust sense of independence and a strong community focus.
    In 2024-25, the agency invested $3 million into the tenacious local industry which included support for 49 games and 200 Australian gamemakers. Initiatives like the Future Leaders Delegation and support for ten Festivals and Events provided Australian independent gamemakers the opportunity to showcase over 270 games for national and international audiences.
    Minister for the Arts Tony Burke said, “Digital Games are a billion dollar global industry and Australia’s sector is growing every year. This funding ensures that we’re backing home-grown talent in order to be at the top of the leader board.”
    Screen Australia Head of Games Joey Egger said, “What struck me about these projects is the depth of talent and the distinctiveness of the content; the diversity of our culture, communities, landscapes and stories really shines through. We’re seeing games being developed all across the country including regional towns such as Wallabadah in New South Wales and Toongabbie in Victoria.”  
    “It’s also incredibly exciting to see another round of projects transitioning from the Emerging Gamemakers Fund through to the Games Production Fund. It reinforces our unique position as an end-to-end avenue for Australian gamemakers to take their projects from concept to prototype, to production and then launch.”
    The past 12 months have seen five games from the Emerging Gamemakers Fund progressing to the Games Production Fund: Monster Snap (WA), Rocketcard Defence (ACT), Wyrmspace Tactics (VIC) and L8R SK8R (QLD), as well as Management in Space (NSW).
    Funded games include:

    Ashes (VIC): For fans of graphic novels and interactive fiction, seasoned players and those new to games, comes adventure game Ashes. The creative team includes producer/developer Clea Frost, lead developer Nick Loki, 2D artists Phoenix Waddell and Jennifer Reuter and composer Trent Francis. It follows 16-year-old skater Azar Warren who, after witnessing a murder, takes refuge in a rural compound with her estranged grandfather.
    Buru and The Old People (NSW): A narrative-driven adventure game set in a vibrant anthropomorphic world rich in Indigenous storytelling. Buru and The Old People is from creative director and recipient of the ‘Rising Star’ award at the 2024 Australian Game Developer Awards Benjamin Armstrong, producer Brooke Collard (Yokai), 2D artist Letoya Muraru, and composer Alexander Tulett.
    Nothing To Do Summer Vacation – Part 1 (NT): A unique point and click visual novel game from lead programmer Adam Prenger and creative director Mel Stringer, an accomplished illustrator and comic artist making her exciting debut in games. In this game, Summer is bored out of her mind in the small town of Driftwood, until fresh mysteries come calling to be uncovered.
    Penguin Colony (VIC): A stylish action-adventure game from producer Megan Faulkner, audio engineer David Mason and creative director Naphtali Faulkner, the developer behind the Independent Games Festival Grand Prize-winning Umurangi Generation. In Penguin Colony, players explore the depths of Antarctica at their own pace as different penguins – unravelling difficult truths along the way.
    Retopia (NSW): From creative lead Jennyfer Ong, lead designer Nicholas King and lead producer James Lockrey, this cosy management game is the latest project from the Australian Game Developer Awards’ 2024 Studio of the Year, Chaos Theory Games. Retopia follows a cast of quirky robot companions as they restore life to a collapsed world by salvaging lost technology, rebuilding community, and nurturing a floating sanctuary in the sky. The game continues Chaos Theory’s tradition of values-driven development after the success of the award-winning Crab God.
    Fern: Seed Guardian (WA): An action-adventure RPG from creative director Sophie Till and technical director Jamie Dougall. In a fantastical Australian bushland, a brave native mouse battles an encroaching, mysterious goo.  She must overcome not only this encroaching danger but also her deep fears, as the Goo uses them to manipulate her perception of reality.
    Slumbering Woods (QLD): An evocative, hand-drawn puzzle adventure game with a unique crafting and building twist from creative director Svitlana Amelina, lead developer Oleg Chernyshenko and sound designer Jane Wei. In a world recovering from a long-past climate catastrophe, players help a flooded village thrive, rebuild and find their way home along the way. Slumbering Woods is financed with support from Screen Queensland’s Games Grants.

    Additional projects supported through the Games Production Fund include Bravest Coconut (QLD), Mission Delta (VIC), Dungeon Breakers (NSW) and Rocketcard Defence (ACT).
    Additional projects supported through the Emerging Gamemakers Fund include SCAV (VIC), Pixellated (VIC), Dead Zone Mycologist (VIC), Dicot (VIC), Ash and Earth: Wilderness Reclaimed (NSW), Spin Spirits (WA), Eclipsia (NSW), Untitled Cube Game (Working Title) (QLD), Stewards of Nu Juno (QLD), Displaced: Oath of Tomes (VIC),Kaiju Critters (QLD)and Trinket (NSW).
    For the full list of funded gamemakers and projects supported throughout the 2024-25FY, please see the Games blocklines here.
    Applications for the Emerging Gamemakers Fund and Games Production Fund are now open. For more information about Games funding at Screen Australia and to apply, click here.
    For accompanying image assets, click here.
    Ashes
    Media enquiries
    Jessica Parry | Senior Publicist (Mon, Tue, Thu)
    + 61 428 767 836  | [email protected]
    All other general/non-media enquiries
    Sydney + 61 2 8113 5800  |  Melbourne + 61 3 8682 1900 | [email protected]

    MIL OSI News –

  • MIL-OSI Australia: Remote zone tax offset – determining eligibility

    Source: New places to play in Gungahlin

    Taxpayers may be eligible for tax offsets depending on their individual circumstances. Tax offsets reduce the amount of tax people need to pay.

    We’ve recently updated the remote zone tax offset web content to make it easier for you and your clients to understand the eligibility requirements.

    Determining eligibility

    Taxpayers are generally eligible for the remote zone tax offset when they have resided in a relevant area of Australia for more than 183 days during the financial year in which they are claiming the offset. That is, when their usual place of residence is within a remote zone.

    The 183 days does not have to be a continuous period of residency but must be within one financial year unless certain circumstances apply.

    Where your client hasn’t resided within a remote zone for 183 days during the income year, they may still be able to claim the offset if their usual place of residence was in a remote zone for a continuous period of less than 5 years, and:

    • they were unable to claim in the first year because it was not their residence for 183 days or more
    • the total of the days they resided there in the first year and the current income year is 183 days or more
    • the period they resided in a zone in the current income year includes the first day of the income year.

    Fly-in-fly-out (FIFO) and offshore oil or gas rig workers are generally not eligible to claim the zone tax offset, unless their usual place of residence is within a remote zone for the required number of days.

    Temporarily working in a zone, staying at an employer’s camp or provided accommodation does not mean the worker resided in the zone where the worker’s usual place of residence is outside a zone.

    Australian zone list

    We have a non-exhaustive list of locations that are within a remote zone. There may be other eligible locations that are not included on the list but are geographically within a remote zone.

    If your client resides at a location that is geographically within a remote zone, it does not need to be on the list in order to claim the offset.

    Claiming the offset – address details

    Before lodging your client’s income tax return, confirm if there have been any changes to their residential and postal addresses. It’s important to ensure your clients keep their ATO record up to date with their current phone number, postal, residential and email address details.

    MIL OSI News –

  • MIL-OSI: GENIUS Act Passed: Dogecoin Surges to $0.27 — PaladinMining Announced Expanded Cloud Mining Contracts Amid $3,790 Daily Earning Potential

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK, July 21, 2025 (GLOBE NEWSWIRE) — In the wake of the newly passed GENIUS Act and a dramatic 27% surge in Dogecoin (DOGE), PaladinMining has announced an exclusive update to its mining platform, unveiling new contracts and expanded global access for crypto investors. With DOGE hitting $0.27 and open interest topping $2.65 billion, the timing couldn’t be better for crypto enthusiasts looking to mine without the hassle.


    Why choose Dogecoin cloud mining now?
    The crypto world is buzzing, and holding digital assets is no longer sufficient, as investors and traders divert their focus towards meme coins and other assets. Currently, passive mining is an intelligent approach to generate regular income without struggling with the daily price fluctuations.

    This has been made practical by PaladinMining, which empowers individuals to rent computing resources in a secure and fully regulated setting. It promises an easy on-ramp for both beginner and experienced cryptocurrency traders with its state-of-the-art infrastructure and authorized base in the UK since 2016.

    Seamless Platform with Streamlined Operations

    PaladinMining is extremely simple to initiate and start generating money. Without having to interact with noisy devices in the basement or garage, an individual can quickly set up an account, choose a mining contract that suits their goals, and start earning profit instantly.

    PaladinMining handles everything, from complex technical installations to equipment maintenance and electricity costs. It ensures financial freedom to every user, allowing them to concentrate on the most vital moments of life without struggling the whole day to fulfill taxes and expenditures.

    Global Accessibility for Everyone

    The global reach of PaladinMining can be considered one of its greatest advantages. Featuring support for deposits in over 10 cryptocurrencies, such as BTC, ETH, DOGE, LTC, USDC, and XRP, the platform offers freedom and simplicity to its users all over the world.

    There are many different contracts accessible from PaladinMining for every level of individuals, whether they are students testing things out or an expert investor seeking to diversify multiple sources of income.

    Latest Platform Launch Highlights

    PaladinMining offers a variety of contracts catered to every individual based on their investment appetite. Here’s a quick review to find the most suitable option:

    Free Experience Contract: Start small with the free bonus of $15, received while signing up and earn $0.6 in profit every day.

    Sleipnir Mining Machine M50: Step up the level by adding $100 deposit for 2 days to earn $7 profit and receive a total of $107.

    Bitcoin Miner S21 Pro: It is a 7-day contract at $600 to earn $48.3 profit. After experiencing small contracts, this option is best for a bit more momentum.

    Bitcoin Miner S21 XP Imm: This option offers 15 days of mining power for $1500 to earn $292.5 profit. The returning amount will be $1792.7, making it highly desirable for the passionate traders.

    Avalon Air Box – 40 feet: This option is best to get a high return on investment. With the cost of $4,300, an individual gets a mining power for 30 days to earn $1,677 in profit, and receive a total amount of $5,977.

    Once a trader chooses a contract, the profit is automatically credited the day after purchase, delivering a hassle-free and seamless experience. After attaining the $100 threshold point, the user has the freedom to withdraw or reinvest without any restrictions.

    Daily Earning Potential and Exclusive Bonuses

    Fresh members will receive a $15 bonus upon registration, which is a friendly invitation to start right away. In addition, traders can generate $0.6 every single day for free, indicating that even a modest beginning may result in substantial growth.

    PaladinMining also provides an attractive affiliate system that allows individuals to earn a consistent 3–5% commission by simply referring family and friends. It’s an easy technique to boost earnings by sharing this profitable platform.

    A Gateway to the New Possibilities

    PaladinMining provides a swift, transparent, and successful way forward for someone driven by the recent spike in meme coins or merely looking for another means of income.

    Begin utilizing cryptocurrencies to earn profits by joining an international community of more than 1.68 million subscribers.

    Start Earning Now!

    Ready to take control of your financial future? Create an account today and receive $15 signup bonus instantly.

    It’s time to take charge of the financial future. Just create an account, receive $15 free bonus, and start mining without any second thought.

    For more information on packages and to begin your mining journey, visit www.paladinmining.com.

    For direct inquiries, reach out to: info@paladinmining.com.

    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.

    The MIL Network –