Category: Economy

  • MIL-OSI NGOs: Greenpeace slams Impossible Metals’ deep-sea mining lease bid as desperate move amid industry collapse

    Source: Greenpeace Statement –

    Greenpeace International activists from the Rainbow Warrior attach a flag reading ‘Stop Deep Sea Mining” to the cable holding the prototype robot, Patania II. Part of the ongoing ‘Protect the Oceans’ campaign. © Marten van Dijl / Greenpeace

    WASHINGTON, D.C. (APRIL 15, 2025)—Today, Greenpeace USA condemned Impossible Metals’ application for a deep-sea mining lease off the coast of American Samoa, in U.S. federal waters, calling it a reckless and desperate attempt to prop up a speculative and struggling industry by exploiting one of Earth’s most fragile and least understood ecosystems.

    Arlo Hemphill, Greenpeace USA Oceans are Life Campaign Lead said: “Opening up the U.S. seabed to deep sea mining runs counter to the long history of leadership in ocean stewardship set by the United States. It’s a destructive act of violence against ocean ecosystems and the Pacific communities whose culture is so closely linked to the deep ocean.”

    A Desperate Power Grab by an UnprovenIndustry

    Impossible Metals’ application for a deep-sea mining lease in U.S. federal waters is not a sign of industry momentum—it’s a glaring red flag of desperation. The move comes on the heels of a cascade of failures across the deep-sea mining sector that reveal the fundamental instability of the industry.

    In February 2025, Impossible Metals itself was forced to postpone its highly publicized 2026 mining test in the Clarion-Clipperton Zone, citing that its technology “isn’t ready.” Just weeks later, in March, Loke Marine Minerals, a Norwegian firm once poised to become the world’s largest deep-sea mining operator, filed for bankruptcy—an event that sent shockwaves through investor circles and exposed the financial fragility of the entire sector.

    That same month, The Metals Company (TMC) stunned international observers by announcing it would sidestep the United Nations’ regulatory process—governed by the International Seabed Authority (ISA)—and seek a U.S. mining license under the little-known and long-dormant Deep Seabed Hard Mineral Resources Act (DSHMRA). The announcement raised serious concerns about regulatory breakdowns and attempts to fast-track exploitation while global safeguards remain unresolved.

    Adding to the pressure, in July 2024, American Samoa became the first U.S. territory to enact a moratorium on deep-sea mining, citing threats to marine life, cultural heritage, and the territory’s tuna fishery—the cornerstone of its economy. Greenpeace USA applauded this historic decision, calling it a bold act of ocean stewardship and a model for U.S. policy. That Impossible Metals would now seek a lease in federal waters adjacent to a territory that has explicitly rejected deep-sea mining is not only tone-deaf, but a profound sign of disrespect to Pacific communities and their right to self-determination.

    In this context, Impossible Metals’ federal lease bid is less a step forward and more a scramble for relevance—an attempt to salvage investor confidence and secure regulatory footholds while public scrutiny and scientific warnings grow louder.

    Solomon Kaho’Ohalahala, Hawaiian elder with the Maui Nui Makai Network  said: “In July of last year, American Samoa decided that deep sea mining is not in their territorial interests—including the potential to impact tuna fisheries, currently their territory’s primary economic driver. 

    The Pacific has spoken clearly: our ocean is not a sacrifice zone. American Samoa’s moratorium reflects a deep cultural, ecological, and economic understanding of what’s at stake. For Impossible Metals to pursue a mining license just beyond those protected waters is not only reckless—it’s a betrayal of the values and sovereignty of Pacific Peoples. We as people of the Pacific do not recognize lines in the ocean drawn by Western governments.  The fish can’t see those lines, we don’t see those lines.  All of the Pacific is sacred. The U.S. government must respect the sovereignty and autonomy of Pacific Peoples and let them make decisions for their own waters, and reject any application that threatens our ocean and our way of life.” 

    No Science, No Safeguards, No Justification

    The scientific community remains united: we lack the knowledge to mine the deep sea safely. Over 90% of species in areas like the Clarion-Clipperton Zone remain undescribed. Ecological processes, such as nutrient cycling and newly discovered phenomena like “dark oxygen” production, are only beginning to be understood. There is no adequate environmental baseline, no long-term impact data, and no way to manage what we don’t yet comprehend.

    Furthermore, most current “research” is industry-led and profit-driven, not the result of independent, precautionary science. This push for premature mining risks sacrificing biodiversity for short-term speculative gains.

    Call for a Moratorium

    Greenpeace stands with the Deep Sea Conservation Coalition, Indigenous communities, scientists, and governments around the world calling for an immediate moratorium on deep-sea mining. Given the irreversible risks and profound scientific uncertainty, deep-sea mining must not move forward. The deep ocean should remain off-limits to mining—now and for the foreseeable future—until and unless independent science, robust global governance, and clear social consent can truly demonstrate that it can be done without harm.


    Contact: Gujari Singh, Greenpeace USA Campaign Communication Manager, [email protected], 631-404-9977

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO

  • MIL-OSI NGOs: Week 4 of “Dirty Dems” campaign highlights dismal record of Assemblymember James Ramos on environmental justice

    Source: Greenpeace Statement –

    SAN BERNARDINO, CA (April 15, 2025)—As part of the ongoing “Dirty Dems” campaign, Greenpeace USA, in collaboration with the California Working Families Party and Courage California, continues to hold California State legislators accountable for their damaging connections to the oil and gas industry and their failure to support critical climate, economic justice, and progressive priorities.

    This week, the spotlight is on Assemblymember Jamos Ramos of the 45th District – spanning portions of Southern California’s Inland Empire and San Bernardino. Elected in 2018, he has already directly accepted more than $89,600 in oil and gas industry money, including $19,000 in the last session. Chevron alone has directly given Ramos over $31,000.

    Amy Moas, Ph.D., Greenpeace USA Senior Climate Campaigner, said: “Assemblymember Ramos is failing his constituents left and right. Despite being the first Native American elected to the California State Legislator, and the fact that he represents a diverse, working class district with a significant Democratic voter advantage, Ramos has failed to establish himself as a principled voice for all his constituents, especially those most disadvantaged. He has one of the worst records on environmental justice, workers rights, economic justice, and other progressive priorities among the Democratic Caucus in the California State Legislature, and he consistently sides with corporations over his communities.”

    Assembly Member Ramos has received a failing grade every single year in office from California Environmental Voters, and from the California Environmental Justice Alliance (CEJA). In 2023, his score from CEJA was an atrocious 28%. Assembly Member Ramos has never received higher than a C grade from both the California Labor Federation and from the Sierra Club. Courage California has him on their Dishonorable Mention list, as he’s received an F every year he has been in office. Initiate Justice has also given him a failing F grade since their scorecard began in 2023.

    Other lowlights of his time in office include voting no on a bill to lower pollution near homes in his very district to reduce health and safety impacts (AB 2840). He also skipped a vote aimed at reducing pollution in other parts of the state too – a bill aimed at fenceline monitoring of noxious pollutants that have been linked to asthma and cancer (AB 674). Assembly Member Ramos repeatedly voted with big corporations  on a bill aimed at moderately reducing single use plastic packaging (SB 54), and skipped a vote to reduce toxins in packaging (AB 2761). He even voted against common sense reforms aimed at making children safer by requiring firearms be properly and safely stored (SB 53), and skipped voting on a top labor priority to establish a council to determine minimum wages, working hours, and health and safety standards for fast food workers (AB 257).


    Contact: Katie Nelson, Greenpeace USA Senior Communications Specialist, [email protected], +1 (678) 644-1681

    Greenpeace USA is part of a global network of independent campaigning organizations that use peaceful protest and creative communication to expose global environmental problems and promote solutions that are essential to a green and peaceful future. Greenpeace USA is committed to transforming the country’s unjust social, environmental, and economic systems from the ground up to address the climate crisis, advance racial justice, and build an economy that puts people first. Learn more at www.greenpeace.org/usa.

    MIL OSI NGO

  • MIL-OSI USA: Grassley to Zuckerberg: Stop the Secrecy, End the War on Whistleblowers

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    BUTLER COUNTY, IOWA – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) is demanding answers from Meta Chairman and CEO Mark Zuckerberg on the company’s reported efforts to silence whistleblower and former employee Sarah Wynn-Williams, who alleges Meta developed concerning and potentially unlawful ties with the Chinese Communist Party and targeted teenagers for financial gain. Meta was formerly known as Facebook.

    Grassley is scrutinizing Meta’s severance agreement with Wynn-Williams, which may violate the Security and Exchange Commission’s (SEC) regulations by restricting her ability to claim monetary rewards for reporting illegal conduct.

    “For over a decade, I’ve sounded the alarm about restrictive severance agreements and nondisclosure agreements (NDA) that hinder congressional oversight and improperly silence whistleblowers from making disclosures to Congress and regulatory bodies … It appears that attempts to silence whistleblowers are not just prevalent in the AI sector, but in the tech industry more broadly,” Grassley wrote.

    “The SEC whistleblower program was established by Congress to incentivize whistleblowers to report federal securities laws violations. The program is an important tool to expose fraud, waste, and abuse in our government and publicly traded companies,” Grassley continued.

    Grassley emphasized Meta must ensure its employees can make protected disclosures to federal authorities or Congress without illegal restrictions and bullying. According to Wynn-Williams, Meta has sought to silence her by seeking to collect $50,000 for every disparaging statement made against the company.

    “The tactics used by Meta are clearly aimed at silencing Ms. Wynn-Williams, a brave whistleblower who courageously testified in the face of Meta’s threats at the Senate Judiciary Committee’s Subcommittee on Crime and Counterterrorism,” Grassley concluded.

    Text of Grassley’s letter to Zuckerberg follows:

    April 14, 2025

    VIA ELECTRONIC TRANSMISSION

    Mr. Mark Zuckerberg 

    Chairman and Chief Executive Officer

    Meta Platforms, Inc. 

    Dear Mr. Zuckerberg:

    For over a decade, I’ve sounded the alarm about restrictive severance agreements and nondisclosure agreements (NDA) that hinder congressional oversight and improperly silence whistleblowers from making disclosures to Congress and regulatory bodies.   On August 1, 2024, given my deep concern on this issue, I wrote to OpenAI regarding its use of restrictive employment, severance, non-disparagement, and nondisclosure agreements.   It appears that attempts to silence whistleblowers are not just prevalent in the AI sector, but in the tech industry more broadly.  

    Recently, Ms. Sarah Wynn-Williams approached my office with whistleblower allegations against Meta.  Her allegations raised concerns about Meta’s severance agreement, as well as the company’s ties with China, violations of the Foreign Corrupt Practices Act, practices targeting vulnerable teenagers, sexual harassment, and misrepresentations made to Congress and the company’s shareholders.   Ms. Wynn-Williams has specifically alleged that her severance agreement violated SEC regulation 17 C.F.R. § 240 21F-17 by restricting her from claiming any monetary reward for reporting illegal conduct to the SEC.   The SEC whistleblower program was established by Congress to incentivize whistleblowers to report federal securities laws violations.   The program is an important tool to expose fraud, waste, and abuse in our government and publicly traded companies.  

    According to Ms. Wynn-Williams’ disclosures, Meta has sought to silence her by seeking to collect $50,000 per disparaging statement against the company.   The tactics used by Meta are clearly aimed at silencing Ms. Wynn-Williams, a brave whistleblower who courageously testified in the face of Meta’s threats at the Senate Judiciary Committee’s Subcommittee on Crime and Counterterrorism on April 9, 2025.  

    It’s crucial that Meta ensures its employees can provide protected disclosures without illegal restrictions and bullying.  So that Congress may conduct objective and independent oversight of Meta’s efforts to silence whistleblowers, as well as the allegations raised by Ms. Wynn-Williams, please provide answers to the following no later than April 28, 2025: 

    1. Regarding Meta’s severance, non-disparagement, and other employment agreements, has Meta made changes to the language of the agreements to remove restrictive provisions?  If so, provide a copy of the updated version(s) along with the dates the changes were made.
    1. From 2015 to the date of this letter, how many requests did Meta or its subsidiaries receive from employees to disclose information to federal authorities or Congress?  For each request, provide all records, including the relevant federal authorities, the nature of the information to be disclosed, and whether Meta or its subsidiaries permitted the disclosure. 
    1. From 2015 to the date of this letter, how many SEC investigations has Meta or its subsidiaries been subject to?  For each SEC investigation, provide the basis and outcome.   

    Thank you for your prompt review and response.  If you have any questions, please contact Tucker Akin with my Committee staff at (202) 224-5225.

    Sincerely, 

    Charles E. Grassley 

    Chairman 

    Committee on the Judiciary

    -30-

    MIL OSI USA News

  • MIL-OSI: Diginex Limited and AIKYA Announce Strategic Alliance to Launch diginexESG in Malaysia, Advancing ESG Reporting and Sustainable Finance

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 15, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex”) (NASDAQ: DGNX), a leading impact technology company specializing in environmental, social, and governance (“ESG”) solutions, today announced a strategic alliance with AIKYA, a leading AI & big data technology company with around 2.5 million users, to launch its award-winning ESG reporting platform, diginexESG, in Malaysia that was signed on March 18, 2025 with upfront license fee tranche due to Diginex completed today. This collaboration aims to empower Malaysian businesses to enhance ESG transparency, streamline compliance, and drive sustainable finance initiatives in alignment with Malaysia’s sustainability goals.

    The alliance combines Diginex’s cutting-edge technology, including blockchain and AI-driven data analytics, with AIKYA’s deep expertise in technology deployment. Together, they will deliver diginexESG to Malaysian companies of all sizes, enabling them to meet global ESG standards, such as the Global Reporting Initiative or “GRI”, the Sustainability Accounting Standards Board or “SASB”, and the Taskforce on Climate-related Financial Disclosure or “TCFD,” while addressing local frameworks like Bursa Malaysia’s Sustainability Reporting Guidelines. The platform offers intuitive tools for data collection, materiality assessments, and report generation, helping businesses unlock the commercial benefits of sustainability.

    “This strategic relationship with AIKYA marks a significant milestone in expanding our presence in Southeast Asia,” said Mark Blick, CEO of Diginex. “Malaysia is a dynamic market with a strong commitment to sustainable development. By combining diginexESG with AIKYA’s product expertise, we aim to empower businesses to lead in ESG reporting and access sustainable finance opportunities, contributing to Malaysia’s Vision 2030 and net-zero ambitions.”

    AIKYA, known for its expertise in large financial inclusion projects with major government organisations, sees the alliance as a transformative step for Malaysian enterprises. “Our collaboration with Diginex brings world-class ESG technology to Malaysia, enabling companies to navigate complex reporting requirements and attract ESG-focused investments,” said Ramesh CR, Director of AIKYA. “We will support businesses from our Malayia operations in integrating sustainability into their core strategies, fostering resilience and long-term growth.”

    The launch of diginexESG in Malaysia comes at a pivotal time, as sustainable finance grows rapidly, with Malaysia’s green bond and sukuk market gaining traction. The platform’s ESG Ratings Support Service will help companies secure scores from agencies like CDP and Sustainalytics, enhancing their appeal to global investors. This initiative aligns with Malaysia’s leadership in ASEAN’s sustainable finance ecosystem, where green bonds issuance reached USD 4.8 billion in 2023, see ASEAN Sustainable Finance Report.

    About Diginex Limited

    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website: https://www.diginex.com/.

    About AIKYA

    AIKYA Business Solution Private Limited (AIKYA) is a dynamic and innovative company headquartered in Bangalore, India, with operations in Malaysia. Specializing in providing comprehensive business solutions, AIKYA leverages cutting-edge technology and deep industry expertise to empower organizations across various sectors. With a focus on streamlining operations and enhancing productivity, AIKYA offers a wide range of services, including digital transformation, software development, and consulting.

    AIKYA’s mission is to foster growth and efficiency for its clients by delivering tailored solutions that meet their unique requirements. AIKYA is committed to building long-term partnerships with customers, ensuring they achieve their strategic objectives through effective and sustainable business practices. With a team of skilled professionals dedicated to excellence, AIKYA stands out as a trusted partner in navigating the complexities of the modern business landscape.

    For more information about their services and approach, you can visit their website at (https://aikya.net).

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    For investor and media inquiries, please contact:

    Diginex
    Investor Relations
    Email: ir@diginex.com  

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global  

    IR Contact – Asia
    Shelly Cheng
    Strategic Public Relations Group Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk

    AIKYA Contact
    Ramesh CR
    Email: Ramesh.cr@aikya.net

    The MIL Network

  • MIL-OSI: Mercury Systems to Report Third Quarter Fiscal Year 2025 Financial Results on May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., April 15, 2025 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, will release its third quarter fiscal year 2025 financial results after the market close on Tuesday, May 6, 2025.

    Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury’s quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company’s view on earnings forecasts, and other business and financial matters affecting the Company, the responses to which may contain information that has not been previously disclosed.

    To attend the conference call or webcast, participants should register online at ir.mrcy.com/events-presentations. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A replay of the webcast will be available two hours after the call and archived on the same web page for six months.

    Mercury Systems – Innovation that matters®
    Mercury Systems is a technology company that delivers mission-critical processing power to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has 23 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

    CONTACT
    Tyler Hojo
    Vice President, Investor Relations
    Tyler.Hojo@mrcy.com

    The MIL Network

  • MIL-OSI: LanzaTech Announces Fourth-Quarter and Full-Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 15, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today filed its annual report for the fiscal year ended December 31, 2024 (the “Form 10-K”).

    Key Takeaways:

    • Reported total revenue of $12.0 million for fourth-quarter 2024 as compared to $20.5 million for fourth-quarter 2023. The decrease was driven primarily by fourth-quarter 2023 benefiting from engineering services performed across several projects which were subsequently completed. Fourth-quarter 2024 revenue was within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to continued timing delays with several large biorefining projects that remain underway.
    • Reported revenue of $49.6 million for full-year 2024 as compared to $62.6 million for full-year 2023. The year-over-year decrease was primarily driven by 2023 results benefiting from projects that have since reached the completion of their current development phase, coupled with timing delays related to several large biorefining projects experienced throughout 2024.
    • Shifting the Company’s core operational focus from research and development to global deployment LanzaTech’s commercially proven technology is underway, with actions being taken to sharpen the business focus and improve the Company’s cost structure.
    • Evaluating liquidity enhancing initiatives, including capital raising, partnership or asset-related opportunities, and other strategic options. Management has concluded that these initiatives and cost reduction plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern, per applicable GAAP requirements.

    Fourth-Quarter and Full-Year 2024 Financial Results

    The table below outlines key reported fourth-quarter and full-year 2024 results ($ millions, unless noted):

      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenue $ 12.0     $ 20.5     $ 49.6     $ 62.6  
    Cost of revenue   5.6       12.0       26.0       45.0  
    Gross Profit   6.5       8.5       23.6       17.7  
    Operating expenses   33.5       27.1       132.6       124.0  
    Net loss   (27.0 )     (18.7 )     (137.7 )     (134.1 )
    Adjusted EBITDA loss (1) $ (21.2 )   $ (19.6 )   $ (88.2 )   $ (80.1 )

    (1)   See “Non-GAAP Financial Measures” and “Reconciliations of GAAP Net Loss to Adjusted EBITDA” sections herein for an explanation and reconciliations of non-GAAP measures used throughout this release.

    Revenue

    • Reported total revenue of $12.0 million and $49.6 million for fourth-quarter and full-year 2024, respectively, as compared to total revenue of $20.5 million and $62.6 million for fourth-quarter and full-year 2023, respectively. The decrease during both periods was driven primarily by 2023 results benefiting from engineering and other services contracts with existing customers and government entities whose projects have since reached completion of their current development phase. Additionally, several large projects experienced timing delays during 2024, which impacted their transferring to the phase where revenue is recognized. Fourth-quarter 2024 revenues were within the forecasted range of potential outcomes previously provided, albeit at the low end of the range due to the aforementioned project delays. Two key projects that did not transfer to a third party, the phase in which revenues are recognized for these projects, were Project Drake in the European Union, and LanzaTech’s site under development in Norway. In addition, LanzaTech continues to expect additional LanzaJet shares to be issued with sublicensing events of LanzaJet’s alcohol-to-jet technology. These projects remain underway during 2025. Fourth-quarter 2024 results include revenue attributable to Project SECURE, which, in December of 2024, was awarded Department of Energy funding for the initiation of phase one of the project. Project SECURE is led by Technip Energies, in partnership with LanzaTech.
    • Joint Development Agreement (“JDA”) & Contract Research revenue for fourth-quarter and full-year 2024 was $1.7 million and $10.6 million, respectively, as compared to $4.2 million and $14.6 million for fourth-quarter and full-year 2023, respectively. The year-over-year decline in both cases was attributable to certain government projects being completed, compounded by a period of downtime prior to new projects commencing, primarily during the second half of 2024.
    • CarbonSmart™ revenue for fourth-quarter and full-year 2024 was $3.9 million and $7.9 million, respectively, as compared to $2.1 million and $5.3 million for fourth-quarter and full-year 2023, respectively. Fourth-quarter 2024 revenues increased by 88 percent as compared to fourth-quarter 2023 due to incremental direct fuel sales as a result of establishing licensing arrangements, partners, and supply chain infrastructure during third-quarter 2024.

    Cost of Revenue

    • Fourth-quarter and full-year 2024 cost of revenue was $5.6 million and $26.0 million, respectively, as compared to $12.0 million and $45.0 million for fourth-quarter and full-year 2023, respectively. Cost of revenue for fourth-quarter 2024 was largely comprised of the cost of the CarbonSmart product sold and headcount allocations related to the delivery of biorefining services and JDA work. Gross margin for fourth-quarter 2024 was 54 percent largely as a function of revenue mix, including additional lower-margin CarbonSmart sales.

    Operating Expenses

    • Fourth-quarter and full-year 2024 operating expenses were $33.5 million and $132.6 million, respectively, as compared to $27.1 million and $124.0 million for fourth-quarter and full-year 2023. The increase year-over-year was driven primarily by project-related expenses, like those incurred for Project Drake and LanzaTech’s project in Norway, that are expected to be recovered once the projects advance to Final Investment Decision (“FID”).

    Net Loss

    • Fourth-quarter and full-year 2024 net losses were $27.0 million and $137.7 million, respectively, as compared to fourth-quarter and full-year 2023 net losses of $18.7 million and $134.1 million, respectively. The increase was attributable to a non-cash expense on financial instruments, as well as the same factors that drove the reduction in revenue as compared to prior periods.

    Adjusted EBITDA Loss

    • Fourth-quarter and full-year 2024 adjusted EBITDA losses were $21.2 million and $88.2 million, respectively, as compared to adjusted EBITDA losses of $19.6 million and $80.1 million for fourth-quarter and full-year 2023, respectively. The increases in losses year-over-year are mainly attributable to the same factors that drove the reduction in revenue for the comparative periods.

    Balance Sheet and Liquidity

    As of December 31, 2024, LanzaTech had $58.1 million in total cash, restricted cash, and investments, compared to total cash of $89.1 million at the end of third-quarter 2024.

    About LanzaTech

    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. For more information about LanzaTech, please visit https://lanzatech.com.

    Forward Looking Statements

    This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including the Company’s ability to continue to operate as a going concern. LanzaTech may be adversely affected by other economic, business, or competitive factors, and other risks and uncertainties, including those described under the header “Risk Factors” in its Form 10-K and in future SEC filings. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Non-GAAP Financial Measures

    To supplement our financial statements presented in accordance with US GAAP and to provide investors with additional information regarding our financial results, we have presented adjusted EBITDA, a non-GAAP financial measure. Adjusted EBITDA is not based on any standardized methodology prescribed by US GAAP and is not necessarily comparable to similarly titled measures presented by other companies.

    We define adjusted EBITDA as our net loss, excluding the impact of depreciation, interest income, net, stock-based compensation, change in fair value of warrant liabilities, change in fair value of SAFE liabilities, change in fair value of the FPA Put Option liability and Fixed Maturity Consideration, change in fair value of our outstanding convertible note, transaction costs on issuance of Forward Purchase Agreement, (loss) gain from equity method investees and other one-time costs related to the Business Combination and securities registration on Form S-4 and our registration statement on Form S-1. We monitor adjusted EBITDA because it is a key measure used by our management and Board of Directors to understand and evaluate our operating performance, to establish budgets, and to develop operational goals for managing our business. We believe adjusted EBITDA helps identify underlying trends in our business that could otherwise be masked by the effect of certain expenses that we include in net loss. Accordingly, we believe adjusted EBITDA provides useful information to investors, analysts, and others in understanding and evaluating our operating results and enhancing the overall understanding of our past performance and future prospects.

    Adjusted EBITDA is not prepared in accordance with US GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with US GAAP. There are a number of limitations related to the use of adjusted EBITDA rather than net loss, which is the most directly comparable financial measure calculated and presented in accordance with US GAAP. For example, adjusted EBITDA: (i) excludes stock-based compensation expense because it is a significant non-cash expense that is not directly related to our operating performance; (ii) excludes depreciation expense and, although this is a non-cash expense, the assets being depreciated and amortized may have to be replaced in the future; (iii) excludes gain or losses on equity method investee; and (iv) excludes certain income or expense items that do not provide a comparable measure of our business performance. In addition, the expenses and other items that we exclude in our calculations of adjusted EBITDA may differ from the expenses and other items, if any, that other companies may exclude from adjusted EBITDA when they report their operating results. In addition, other companies may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison.

    LANZATECH GLOBAL INC.
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except share and per share data)
      December 31,
        2024       2023  
    Assets      
    Current assets:      
    Cash and cash equivalents         $         43,499     $         75,585  
    Held-to-maturity investment securities                   12,374               45,159  
    Trade and other receivables, net of allowance                   9,456               11,157  
    Contract assets                   18,975               28,238  
    Other current assets                   15,030               12,561  
    Total current assets                   99,334               172,700  
    Property, plant and equipment, net                   22,333               22,823  
    Right-of-use assets                   26,790               18,309  
    Equity method investment                   4,363               7,066  
    Equity security investment                   14,990               14,990  
    Other non-current assets                   6,873               5,736  
    Total assets         $         174,683     $         241,624  
    Liabilities and Shareholders’ Equity      
    Current liabilities:      
    Accounts payable         $         5,289     $         4,060  
    Other accrued liabilities                   8,876               7,316  
    Warrants                   3,531               7,614  
    Fixed Maturity Consideration and current FPA Put Option liability                   4,123               —  
    Contract liabilities                   6,168               3,198  
    Accrued salaries and wages                   2,302               5,468  
    Current lease liabilities                   158               126  
    Total current liabilities                   30,447               27,782  
    Non-current lease liabilities                   30,619               19,816  
    Non-current contract liabilities                   5,233               8,233  
    Fixed Maturity Consideration                   —               7,228  
    FPA Put Option liability                   30,015               37,523  
    Brookfield SAFE liability                   13,223               25,150  
    Convertible Note                   51,112               —  
    Other long-term liabilities                   587               1,421  
    Total liabilities                   161,236               127,153  
           
    Shareholders’ Equity      
    Common stock, $0.0001 par value, 600,000,000 and 400,000,000 shares authorized; 194,915,711 and 196,642,451 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively                   19               19  
    Additional paid-in capital                   981,638               943,960  
    Accumulated other comprehensive income                   1,393               2,364  
    Accumulated deficit                   (969,603 )             (831,872 )
    Total shareholders’ equity         $         13,447     $         114,471  
    Total liabilities and shareholders’ equity         $         174,683     $         241,624  
    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except share and per share data)
      Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Revenues:              
    Contracts with customers and grants $ 5,311     $ 13,834     $ 22,995     $ 45,953  
    CarbonSmart product sales   3,933       2,072       7,943       5,337  
    Collaborative arrangements   1,104       2,413       5,573       5,529  
    Related party transactions   1,682       2,144       13,081       5,812  
    Total revenues   12,030       20,463       49,592       62,631  
    Costs and operating expenses:              
    Contracts with customers and grants(1)   985       8,818       15,341       37,653  
    CarbonSmart product sales(1)   3,894       2,390       7,543       4,889  
    Collaborative arrangements(1)   532       761       2,566       2,265  
    Related party transactions(1)   157       22       520       172  
    Research and development expense   16,459       16,303       77,007       68,142  
    Depreciation expense   1,278       1,471       5,567       5,452  
    Selling, general and administrative expense   15,745       9,343       49,981       50,438  
    Total cost and operating expenses   39,050       39,108       158,525       169,011  
    Loss from operations   (27,020 )     (18,645 )     (108,933 )     (106,380 )
    Other income (expense):              
    Interest income, net   710       1,408       3,162       4,572  
    Other expense, net   5,616       524       (17,726 )     (29,388 )
    Total other expense, net   6,326       1,932       (14,564 )     (24,816 )
    Loss before income taxes   (20,694 )     (16,713 )     (123,497 )     (131,196 )
    Income tax expense                      
    Loss from equity method investees, net   (6,299 )     (1,961 )     (14,234 )     (2,902 )
    Net loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
                   
    Other comprehensive loss:              
    Changes in credit risk of fair value instruments   (1,096 )           (1,096 )      
    Foreign currency translation adjustments   322       578       124       (376 )
    Comprehensive loss $ (27,767 )   $ (18,096 )   $ (138,703 )   $ (134,474 )
                   
    Unpaid cumulative dividends on preferred stock                     (4,117 )
    Net loss allocated to common shareholders $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (138,215 )
                   
    Net loss per common share – basic and diluted $ (0.14 )   $ (0.10 )   $ (0.70 )   $ (0.79 )
    Weighted-average number of common shares outstanding – basic and diluted   197,789,128       196,227,601       197,579,945       176,023,219  

    (1) exclusive of depreciation

    LANZATECH GLOBAL INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
      Years Ended December 31,
        2024       2023  
    Cash Flows From Operating Activities:      
    Net loss $ (137,731 )   $ (134,098 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Share-based compensation expense   13,208       15,199  
    Gain on change in fair value of SAFE and warrant liabilities   (17,887 )     (14,471 )
    Loss on change in fair value of the FPA Put Option and the Fixed Maturity Consideration liabilities   23,510       44,300  
    Loss on change in fair value of Convertible Note   11,894        
    Provisions for losses on trade and other receivables, net of recoveries   961       700  
    Depreciation of property, plant and equipment   5,592       5,452  
    Amortization of discount on debt security investment   (854 )     (1,301 )
    Non-cash lease expense   1,713       1,526  
    Non-cash recognition of licensing revenue   (11,532 )     (1,805 )
    Loss from equity method investees, net   14,234       2,902  
    Gain from disposal of PPE   (25 )      
    Unrealized (Gain)/loss on net foreign exchange   (284 )     182  
    Changes in operating assets and liabilities:      
    Accounts receivable, net   557       104  
    Contract assets   9,162       (10,049 )
    Accrued interest on debt investment   183       (266 )
    Other assets   (2,066 )     (2,658 )
    Accounts payable and accrued salaries and wages   (1,790 )     (4,991 )
    Contract liabilities   311       95  
    Operating lease liabilities   641       (337 )
    Other liabilities   1,143       2,220  
    Net cash used in operating activities   (89,060 )     (97,296 )
    Cash Flows From Investing Activities:      
    Purchase of property, plant and equipment   (5,312 )     (8,553 )
    Proceeds from disposal of property, plant and equipment   25        
    Purchase of debt securities   (27,083 )     (93,858 )
    Proceeds from maturity of debt securities   60,722       50,000  
    Purchase of additional interest in equity method investment         (288 )
    Origination of related party loan         (5,212 )
    Net cash provided by/(used in) investing activities   28,352       (57,911 )
    Cash Flows From Financing Activities:      
    Proceeds from the Business Combination and PIPE, net of transaction expenses (Note 3)         213,381  
    FPA prepayment         (60,096 )
    Proceeds from exercise of options   300       2,550  
    Repurchase of equity instruments of the Company   (48 )     (7,650 )
    Settlement of FPA   (10,039 )      
    Proceeds from issuance of Convertible Note, net   40,000        
    Net cash provided by financing activities   30,213       148,185  
    Effects of currency translation on cash, cash equivalents and restricted cash   (52 )     (404 )
    Net decrease in cash, cash equivalents and restricted cash   (30,547 )     (7,426 )
    Cash, cash equivalents and restricted cash at beginning of period   76,284       83,710  
    Cash, cash equivalents and restricted cash at end of period $ 45,737     $ 76,284  
           
    Supplemental disclosure of non-cash investing and financing activities:      
    Acquisition of property, plant and equipment under accounts payable $ 132     $ 279  
    Right-of-use asset additions   10,194       12,866  
    Non-cash partial reversal of FPA upon settlement   24,084        
    Third-party issuance costs for the Convertible Note   3,169        
    Reclassification of capitalized costs related to the business combination to equity         1,514  
    Cashless conversion of warrants on preferred shares         5,890  
    Recognition of public and private warrant liabilities in the Business Combination         4,624  
    Reclassification of AM SAFE warrant to equity         1,800  
    Conversion of AM SAFE liability into common stock         29,730  
    Conversion of Legacy LanzaTech NZ, Inc. preferred stock and in-kind dividend into common stock         722,160  
    Reclassification of FPA Warrants to equity $     $ 3,063  
                                       
    Reconciliation of GAAP Net Loss to Adjusted EBITDA
    (In thousands)
    Unaudited
        Three Months Ended December 31,   Years Ended December 31,
        2024       2023       2024       2023  
    Net Loss $ (26,993 )   $ (18,674 )   $ (137,731 )   $ (134,098 )
    Depreciation   1,278       (1,471 )     5,567       5,452  
    Interest income, net   (710 )     (1,408 )     (3,162 )     (4,572 )
    Stock-based compensation expense and change in fair value of SAFE and warrant liabilities (1)   6,191             (4,679 )     728  
    Change in fair value of the FPA Put Option and Fixed Maturity Consideration liabilities (net of interest accretion reversal)               23,283       44,300  
    Change in fair value of Convertible Note and related transaction costs   (7,296 )           14,276        
    Transaction costs on issuance of FPA                     451  
    Loss from equity method investees, net   6,299       1,961       14,234       2,902  
    One-time costs related to the Business Combination, initial securities registration and non-recurring regulatory matters(2)                     4,693  
    Adjusted EBITDA $ (21,231 )   $ (19,592 )   $ (88,212 )   $ (80,144 )
                     
    (1 ) Stock-based compensation expense represents expense related to equity compensation plans.
                     
    (2 ) Represents costs incurred related to the Business Combination that do not meet the direct and incremental criteria per SEC Staff Accounting Bulletin Topic 5.A to be charged against the gross proceeds of the transaction, but are not expected to recur in the future, as well as costs incurred subsequent to deal close related to our securities registration on Form S-4 and our registration statement on Form S-1. Regulatory matters includes fees related to non-recurring items during the year ended December 31, 2023.


    Investor Relations Contact

    Kate Walsh

    VP, Investor Relations & Tax

    Investor.Relations@lanzatech.com

    The MIL Network

  • MIL-OSI: Kling AI Advances to the 2.0 Era, Empowering Everyone to Tell Great Stories with AI

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, April 15, 2025 (GLOBE NEWSWIRE) — Kuaishou Technology (“Kuaishou” or the “Company”; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, announced that Kling AI hosted the “From Vision to Screen” launch event for its Kling AI 2.0 Model in Beijing. The event marked a new round of upgrades to Kling’s foundation models, highlighted by the official global debut of Kling AI 2.0 Video Generation Model and Kling AI 2.0 Image Generation Model.

    As the world’s first user-accessible DiT video generation model, in the 10 months since its initial launch in June of last year, its global user base has surpassed 22 million. On March 27, Artificial Analysis, a globally renowned AI benchmarking organization, released the latest global rankings for video generation large models. Kuaishou Kling 1.6 Pro (high-quality mode) topped the Image to Video category with an Arena ELO benchmark score of 1,000, while Google Veo 2 and Pika Art ranked second and third, respectively.

    Since its launch in June of last year, Kling AI has undergone over 20 iterations focused on enhancing the fundamental quality of its models, improving image clarity, and introducing more innovative features to meet diverse user needs. Mr. Gai Kun, Senior Vice President of Kuaishou Technology and Head of the Community Science Department, emphasized that Kling AI’s mission is to empower everyone to tell great stories with AI, enabling more precise and complex creative expression.

    Kling AI Advances to the 2.0 Era, Redefining Human-AI Interaction
    Kling AI 2.0 leads the global industry in areas such as motion quality, semantic responsiveness, and visual aesthetics. Meanwhile, the Kolors 2.0 Model has made significant advancements in prompt adherence, cinematic quality, and artistic style expression. Mr. Gai Kun highlighted that in the team’s internal multi-metric tests and evaluations with GSB (Good-Same-Bad) methodology, both models have consistently ranked No.1 in the industry. For instance, in the image-to-video category, Kling AI 2.0 has a win-loss ratio of 182% against Google Veo2 and 178% against Runway Gen-4, significantly outperforming its rivals in dimensions such as semantic responsiveness, visual quality, and dynamic quality.

    (Mr. Gai Kun, Senior Vice President of Kuaishou Technology and Head of the Community Science Department)

    Mr. Gai Kun believes that AI holds immense potential for assisting creative expression, but current industry conditions fall short of meeting user needs. There are still “numerous challenges” regarding the stability of AI-generated content and the precise expression of users’ complex creative ideas. Therefore, to truly realize the vision of “telling great stories with AI,” it is essential to comprehensively enhance foundation models’ capabilities and define a “new language” for human-AI interaction.

    In this 2.0 model iteration, Kling AI officially introduces multi-modal visual language (MVL), a new interactive concept for AI video generation. This feature allows users to integrate multimodal inputs, such as image references and video clips, enabling them to convey complex creative ideas effectively and directly to AI, covering aspects such as identity, appearance, style, scenarios, actions, expressions, camera movements, and other elements.

    “It’s clear that text alone is insufficient for conveying visual information. We need a new approach that allows people to accurately express their thoughts,” Mr. Gai Kun pointed out. He explained that MVL consists of TXT (Pure Text) and MMW (Multi-modal-document as a Word), which facilitate precise creative expression for AI-empowered creators through two key aspects: setting foundational direction for video generation and enabling fine-tuned control.

    Based on the MVL concept, Kling AI has officially introduced its multimodal editing feature. “Starting today, our multimodal editing capabilities are available on the Kling AI platform. Users can directly input their ideas through images and other formats, generating creative videos that align with their concepts,” explained Mr. Gai Kun. He further highlighted that MMW will extend beyond images and videos, incorporating other forms of information such as voice and motion trajectories, allowing users to express themselves in more diverse ways.

    (“From Vision to Screen” Kling AI 2.0 Launch Event)

    Kling AI 2.0 Master Edition Officially Launched, Unveiling the All-New Multimodal Video Editing Feature
    Leveraging the innovative MVL interaction approach,Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI, officially unveiled the all-new Kling AI 2.0 Master Edition at the launch event. This new version significantly enhances content generation performance in areas such as semantic responsiveness, motion quality, and visual aesthetics. These upgrades include significant improvements in following instructions, enhanced movie aesthetic expression, and support for over 60 types of stylized effect transcription, achieving a significant leap in creativity and imagination for image generation.

    (Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI)

    Notably, the Kling AI 2.0 Master Edition features a comprehensive upgrade in controllable video and image generation and editing capabilities. The newly-introduced multimodal video editing function efficiently captures user intent. With a video clip, users can add, remove, or replace content elements generated in the video by inputting images or text, empowering creators with greater flexibility in editing and processing.

    At the same time, Kolors 2.0 has also launched practical image controllable editing functions, including partial redrawing and expanding, and supporting image addition, modification and repair. For multimodal controllable image generation, Kolors 2.0 has also launched a brand-new stylized transcription function, which allows users to switch an image’s artistic style in one click by simply uploading the image with a style description, while precisely retaining the semantic content of the original image.

    (Kling AI 2.0 Master Edition Operation Interface)

    Mr. Zhang Di stated that currently, image-generated video accounts for about 85% of Kling AI video creation, with image quality playing a crucial role in video generation effects. In the realm of large image generation models, Kuaishou Kolors leads the industry with several core advantages, such as powerful complex semantic understanding, movie-level visual quality, and controllable stylized generation under multiple conditions. In a number of internal team win-loss reviews, it maintains a significant advantage over industry-leading image models such as Midjourney V7, FLUX 1.1 Pro, and Reve.

    “Kling AI 2.0 Master Edition is not just a technical upgrade, but a full-spectrum leap in user experience,” Mr. Zhang Di noted. The Kling AI 2.0 Master Edition achieves breakthroughs in technology, user experience, and aesthetics.

    The Rapid Development of AIGC Technology Has Injected New Vitality into Industry Development
    In addition to a subscription service for individual users, Kling AI also offers API interface solutions and other services to businesses. Currently, Kling AI has partnered with thousands of domestic and overseas enterprises, including Xiaomi, Amazon Web Service, Alibaba Cloud, Freepik, and BlueFocus.

    Mr. Gai Kun noted that over 15,000 developers and business clients worldwide have applied Kling API in various industry scenarios, cumulatively generating about 12 million images and over 40 million videos. Today, Kling AI is becoming the new infrastructure for video creation in the AI era, and the rapid development of AIGC technology is reshaping many industries, such as advertising and marketing, professional creation, film and television, and entertainment and creativity.

    Mr. Chen Xiangyu, one of the Kling AI super creators, general director of New World Is Loading, and founder of the media company named Outliers, shared that Kling AI can be fully integrated into the episode creation process. AIGC not only improves efficiency but also revolutionizes the trial-and-error space compared to live shooting and animation. From scriptwriting to content distribution, the Outliers team has completed a comprehensive image industrialization creation process, covering everything from aesthetic expression to lens structure to the intricate presentation of complex action scenes and details. “Through practice, we found that Kling AI is a generative collaborative large model that can be stably and massively embedded into the episode creation process,” Mr. Chen Xiangyu commented. With AI’s assistance, the director and scriptwriting team have brought more of their ideas to life with greater imagination. “AIGC may be the prototype of the next generation of content structure,” said Mr. Chen Xiangyu.

    (Mr. Chen Xiangyu Keling AI Super Creator, General Director of New World Is Loading, Founder of the media company named Outliers)

    To further inspire the creative passion of AI enthusiasts, Mr. Zhang Di, Vice President of Kuaishou Technology and Head of Kling AI, also officially launched the “Kling AI NextGen New Image Venture Capital Program” at the event. This program aims to increase support for AIGC creators through millions of RMB in capital investment, global publicity and distribution, and IP creation and protection, facilitating the global dissemination of compelling AI stories through various flexible collaborations such as wholly-owned production, co-production and technical support, among other means. Meanwhile, Kling AI has extended invitations to global creators to jointly create the world’s first user-co-created AIGC creative short film, showcasing creators’ inspiration and creativity on advertising screens in cities like Shanghai, Hong Kong, Tokyo, Paris, and Toronto.

    Looking to the future, Mr. Gai Kun stated that Kling AI will continue to vigorously promote technological innovation and help users realize the precise expression of complex creative ideas through a new language for human-AI interaction. “Our goal is to empower everyone to tell a good story through AI, and we’re striving to make that a reality sooner,” concluded Mr. Gai Kun.

    About Kuaishou

    Kuaishou is a leading content community and social platform in China and globally, committed to becoming the most customer-obsessed company in the world. Kuaishou uses its technological backbone, powered by cutting-edge AI technology, to continuously drive innovation and product enhancements that enrich its service offerings and application scenarios, creating exceptional customer value. Through short videos and live streams on Kuaishou’s platform, users can share their lives, discover goods and services they need and showcase their talent. By partnering closely with content creators and businesses, Kuaishou provides technologies, products, and services that cater to diverse user needs across a broad spectrum of entertainment, online marketing services, e-commerce, local services, gaming, and much more.

    Forward-Looking Statements

    Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. These forward-looking statements are based on information currently available to the Group and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

    For investor and media inquiries, please contact:
    Kuaishou Technology
    Investor Relations
    Email: ir@kuaishou.com

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4d634aff-a767-494f-9ec7-b714132adacb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85d520af-328c-41c3-a396-3368cfbf8cfe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f7e55762-826d-4882-a5ea-8fc78cf6ccad

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a6fc1f62-9681-4980-b378-10dd9df024d7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9660d1ac-8df4-480f-8cfc-d95880a7ab85

    The MIL Network

  • MIL-OSI: Artisan Partners Asset Management Inc. to Announce 1Q25 Results on April 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    MILWAUKEE, April 15, 2025 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) will report its first quarter 2025 financial results and information relating to its quarterly dividend on April 29, 2025 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management’s earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer Eric Colson, President Jason Gottlieb and Chief Financial Officer C.J. Daley will host a conference call on April 30, 2025 at 1:00 p.m. (Eastern Time) to discuss the results.

    A live webcast of the conference call will be available via the investor relations section of artisanpartners.com. Those interested in participating in the conference call should dial:

    United States/Toll Free:  1-877-328-5507
    International:  1-412-317-5423
    Conference ID:  10197435

    An audio replay of the conference call will be available one hour after the end of the conference until May 7, 2025 at 9:00 a.m. (Eastern Time) by dialing the following:

    United States/Toll Free: 1-877-344-7529
    International: 1-412-317-0088
    Replay Conference ID:  4894472

    An audio replay will also be available via the investor relations section of artisanpartners.com within 24 hours after the end of the conference.

    About Artisan Partners

    Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

    Artisan Partners Asset Management Inc.

    Investor Relations Inquiries
    866.632.1770
    ir@artisanpartners.com

    The MIL Network

  • MIL-OSI: Jamf to Report First Quarter 2025 Financial Results on May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, April 15, 2025 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, announced today it will report first quarter 2025 financial results for the period ended March 31, 2025, following the close of the market on Tuesday, May 6, 2025. On that day, management will host a conference call and webcast at 3:30 p.m. CT (4:30 p.m. ET) to discuss the company’s business and financial results.

    Jamf First Quarter 2025 Earnings Conference Call

    When: Tuesday, May 6, 2025

    Time: 3:30 p.m. CT (4:30 p.m. ET)

    Live Webcast: The conference call will be webcast live on Jamf’s Investor Relations website at https://ir.jamf.com.

    Those parties interested in participating via telephone may register on Jamf’s Investor Relations website or by clicking here.

    Replay: A replay of the call will be available on the Investor Relations website beginning on May 6, 2025, at approximately 6:00 p.m. CT (7:00 p.m. ET).

    About Jamf

    Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment designed to be enterprise secure, consumer simple and protect personal privacy. To learn more, visit: www.jamf.com.

    Investor Contact:
    Jennifer Gaumond
    ir@jamf.com

    Media Contact:
    media@jamf.com

    The MIL Network

  • MIL-OSI: Texas Capital President & Chief Executive Officer Rob C. Holmes Now Serves as Chairman of the Board

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 15, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital, today announced that President & Chief Executive Officer Rob C. Holmes was confirmed as Chairman of the Board of Directors at the conclusion of TCBI’s 2025 Annual Meeting of Stockholders. Holmes, who has served as President & Chief Executive Officer and a Director of the Board since 2021, was unanimously elected to this position by the Board of Directors in January 2025.

    Bob Stallings, who served as Chairman since 2023, has officially transitioned into the role of Lead Independent Director.

    “I want to thank outgoing Chairman Bob Stallings for his dedication and significant contributions to Texas Capital over the past two years,” said Holmes. “I do not take the responsibilities of this position lightly; it is a distinct honor to serve in this capacity for Texas Capital, and I look forward to building on the firm’s many successes along with our employees. With our highly differentiated platform, industry-leading capital and liquidity, and a clear vision for the future, Texas Capital is well-positioned to serve our clients through all economic conditions and to deliver on our objectives for 2025 and beyond.”

    About Texas Capital Bancshares, Inc.
    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

    Forward Looking Statements
    This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

    Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors; increased or expanded competition from banks and other financial service providers in TCBI’s markets; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global conflict (including those already reported by the media, as well as others that may arise), or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

    The MIL Network

  • MIL-OSI: Rapid7 to Report First Quarter 2025 Financial Results on May 12

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, April 15, 2025 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its first quarter 2025 financial results on Monday, May 12, 2025, after the financial markets close.

    The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206.

    The conference call will also be available live via webcast on the company’s website at https://investors.rapid7.com. A webcast replay of the call will be available at https://investors.rapid7.com.

    About Rapid7
    Rapid7 (Nasdaq: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management and threat detection to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or Twitter.

    Rapid7 Investor Contact:
    Elizabeth Chwalk
    Vice President, Investor Relations
    investors@rapid7.com
    (617) 865-4277

    Rapid7 Press Contact:
    Alice Randall
    Director, Global Corporate Communications
    press@rapid7.com
    (857) 216-7804

    The MIL Network

  • MIL-Evening Report: Safe seat syndrome? Why some hospitals get upgrades and others miss out

    Source: The Conversation (Au and NZ) – By Anam Bilgrami, Senior Research Fellow, Macquarie University Centre for the Health Economy, Macquarie University

    On his campaign trail, Prime Minister Anthony Albanese pledged A$200 million to upgrade St John of God Midland Public Hospital in Perth. He promised more beds and operating theatres, and a redesigned obstetrics and neonatal unit.

    It followed other recent election promises from the Labor government, including $120 million for new birthing facilities at Sydney’s planned Rouse Hill Hospital and $150 million to build a health centre in southern Adelaide.

    New and expanded health facilities are welcome in fast-growing communities. But are hospital funding pledges in election campaigns based on health-care or political needs?

    Does pork-barrelling drive health funding decisions?

    Labor and the Coalition have faced allegations of pork-barrelling this election campaign.

    Pork-barrelling means using public funds to target specific electorates to win votes, rather than allocating resources based on need. Four in five Australians consider pork-barrelling to be corrupt.

    Former New South Wales Premier Gladys Berejiklian suggested pork-barrelling was “business as usual” in her government.

    It also seems to occur at the federal level. The Australian National Audit Office found a $1.25 billion Community Health and Hospitals Program implemented by the former Morrison government “fell short of ethical requirements” and deliberately breached Commonwealth grant guidelines.

    Of the 63 major projects funded, only two were rated “highly suitable” – the usual benchmark for shortlisting. In fact, most approved projects were picked by the government outside of the established expression of interest processes.

    Who funds and manages public hospitals?

    The National Health Reform Agreement makes states and territories responsible for managing public hospitals. States and territories contribute around 58% of hospital funding. They also oversee planning and infrastructure.

    Local hospital networks help plan and implement capital projects such as new hospitals and facility upgrades.

    Under the National Health Reform Agreement, the Commonwealth government also contributes public hospital funding through:

    • activity-based funding. This is tied to the number and type of patients treated

    • block funding for smaller regional and rural hospitals

    • public health funding for initiatives such as vaccination programs.

    The reform agreement outlines the Commonwealth’s responsibility for supporting public hospital services. But it doesn’t restrict the Commonwealth from making hospital infrastructure promises.

    The Commonwealth often pledges direct hospital funding through supplementary agreements or ad hoc initiatives. Earlier this year, it announced an additional one-off $1.7 billion payment to ease pressure on public hospitals.

    State planning vs federal politics: who decides?

    States use formal planning frameworks to plan and prioritise health infrastructure projects. NSW Health, for example, applies a structured Facility Planning Process for projects over $10 million. This considers local population needs, health and community benefits, costs and workforce capacity.

    These types of frameworks help ensure health capital investment decisions are transparent and evidence-based.

    What is less transparent is how the Commonwealth decides which specific hospitals to pledge money to, particularly during election campaigns.

    While some federal funding announcements may align with state priorities, picking one hospital over another comes with an “opportunity cost”. For every community that benefits from a new or upgraded hospital, another potentially higher-need community may miss out.

    To prevent Commonwealth funding decisions being swayed by political priorities, more transparent processes for setting priorities and making decisions are needed.

    What would a better system look like?

    The way funds are allocated to medicines listed on the Pharmaceutical Benefits Scheme (PBS) provides the federal government with an exemplary approach to good health-care investment decisions.

    The Pharmaceutical Benefits Advisory Committee (PBAC) provides independent advice to the Minister for Health on whether the government should allocate millions to new medicines. The PBAC uses rigorous, transparent processes to make listing recommendations based on patient need and cost-effectiveness.

    Federal government hospital infrastructure funding decisions should also follow open, competitive, merit-based processes.

    Prioritising evidence and having transparent decision-making guidelines would mean funding is more likely to be allocated based on the greatest population need rather than electoral considerations.

    Other ways to improve federal government hospital funding decisions may include:

    • incorporating nationally agreed principles for hospital capital funding in future National Health Reform Agreements

    • increasing transparency. This could be achieved through a national public register of hospital development proposals, ranked by urgency and need

    • strengthening safeguards on election-period pledges. This could improve disclosures and ensure hospital funding decisions align with independent needs assessments.

    More hospitals or better prevention?

    Former St Vincent’s Health CEO Toby Hall put it bluntly:

    If Australia is to make the most of its healthcare future, it will likely need fewer hospitals, not more.

    He pointed to Denmark, which cut its number of hospitals by 67% over 1999–2019. This was achieved by shifting as many services as possible from hospitals to other types of health care including primary care, health centres and outpatient clinics.

    While more hospitals in Australia may be inevitable as the population ages, health policy should also focus on keeping people out of hospital in the first place. That means investing in prevention, early intervention and technology to support care at home.

    Australia lags behind other wealthy nations in this space, ranking 20th out of 33 OECD countries in per capita spending on prevention. It ranks 27th when measured as a share of total health expenditure.

    Some local health districts are showing what’s possible. This includes using home monitoring to help people manage chronic conditions. These kinds of innovations can improve health and reduce pressure on hospital infrastructure.

    While new hospitals and wards make for compelling election promises, a better health system will come not just from “bricks and mortar”. It will come from smarter investments in prevention, early intervention and innovative care that keeps people healthier and out of hospital.

    Henry Cutler was a member of an Expert Advisory Panel where he received remuneration from the Department of Health and Aged Care for this role. Henry has also previously received funding from NT Health.

    Anam Bilgrami 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. Safe seat syndrome? Why some hospitals get upgrades and others miss out – https://theconversation.com/safe-seat-syndrome-why-some-hospitals-get-upgrades-and-others-miss-out-253750

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Half way through the campaign, how are the major party leaders faring?

    Source: The Conversation (Au and NZ) – By Stephen Mills, Honorary Senior Lecturer, School of Social and Political Sciences, University of Sydney

    More than two weeks in, we know one thing for sure. This time, the election campaign does matter.

    In decades past, when voters were more loyally rusted on to the major parties, news cycles more sedate, policy platforms fixed and “safe” seats truly safe, it was arguable that election outcomes were largely determined before the campaigns began.

    But in 2025, the campaign period has witnessed a dramatic shift in voting intentions, as measured by public opinion polls.

    Before the campaign, Labor trailed. Prime Minister Anthony Albanese seemed flat-footed, burdened by a poor track record in the 2022 elections and the 2023 Voice referendum.

    But even as Cyclone Alfred blew itself out, parliament returned, and the budget was brought down, Labor’s poll numbers were improving. This trend continued through the first weeks of the campaign, such that Labor now seems the likely winner, either in minority or perhaps majority.

    Why? Election campaigns can reveal how leaders and their teams behave under pressure. They also require trust and lock-step coordination between the leader and the party’s team of campaign professionals.

    Unflashy incrementalism

    Albanese has performed solidly and been relentlessly on-message and on-brand. His campaign has rolled out a well-prepared procession of announcements on Medicare urgent care clinics, pharmaceuticals, childcare and TAFE, each with local funding attached.

    Albanese does not campaign with Hawke-like charisma, Keating-like oratory or Whitlam-like policy. His one truly visionary change commitment – the Voice – collapsed in a heap.

    Instead, as he has shown over the last two weeks, his true identity is as a (Chifley-like?) incrementalist. He boasts a strong grasp of systems – health, roads, renewables – and his campaign is all about fixing, improving and expanding those systems within practical fiscal constraints.

    His vision of the future is the present that just works better for more people.

    Fattening the policy pig

    By contrast, Opposition Leader Peter Dutton seemed ready to shoot the lights out, as an uncompromising conviction politician exploiting voter grievances about cost-of-living issues.

    But he wasted a large part of his first week recovering from an off-strategy indulgence about living in Kirribilli House (“we love the harbour”), and much of the second week explaining his backflip on public service working conditions.

    The first was a campaign blunder, pure and simple. But the second spoke to a deeper malaise within the Coalition about policy development. The Coalition appeared unprepared for the cut and thrust of the campaign.

    Combined with blithe me-tooing of Labor promises on health and roads, and incomplete announcements on cutting foreign student numbers and reserving natural gas for domestic use, the backflip suggested Coalition policy-making has become a bit random: a series of tactical choices, not a strategic plan for government.

    Contrary to long-standing Liberal Party campaign wisdom that “you can’t fatten a pig on market day”, this time the Liberals are trying to force-feed their policy pig en route to the market.

    Dutton has been much more effective pitching his fuel excise promise. The decision to eschew Labor’s budgeted tax cuts for an immediate reduction at the bowser was bold, instinctive and entirely consistent with the Coalition’s outer-metropolitan electoral strategy.

    It took until the second week, but the daily scenes of Dutton pumping petrol into cars – “and utes” as he always adds – is steadily reinforcing his message, however wearying it has become for the travelling press party.

    The comfort of incumbents

    The first leaders’ debate highlighted this difference. Both leaders remained poised and polished (especially creditable by Dutton given he learned of his father’s heart attack immediately beforehand).

    But Albanese simply had more to talk about, more first-term achievements and more commitments on his future shopping list. Dutton articulated grievances without providing many policy solutions.

    The contest on the economy was a draw: Dutton conjures up Albanese’s non-delivered pledge on power prices, while Albanese points to high employment and downward trends on inflation and interest rates.

    All this has played out against the backdrop of the Donald Trump tariff wars. Like previous mid-campaign crises – Tampa in 2001 and, for those with very long memories, the Kennedy assassination in 1963 – global uncertainty reinforces an Australian incumbent. Albanese’s measured response struck the right note.

    Dutton has repeatedly tried to insert himself into the tariff story – difficult for an opposition – but had to take risks to do so. His assertion that AUKUS and ANZUS should be somehow involved was left hanging once Liberal icon John Howard made clear he disagreed.

    With policy speeches delivered, and rival policies on housing finally released, the campaign is in its final week, interrupted by Easter, before early voting starts.

    The challenge for Albanese will be to maintain his momentum, in all his unflashy, incrementalist style. Labor is likely to ramp up its Dutton-Trump comparison. Dutton will need to put further flesh on the bones of putting Australia “back on track”.

    Stephen Mills was a staff member (1986-91) for Labor Prime Minister Bob Hawke and since 2015 has volunteered for local Labor election campaigns.

    ref. Half way through the campaign, how are the major party leaders faring? – https://theconversation.com/half-way-through-the-campaign-how-are-the-major-party-leaders-faring-254387

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: More bulk billing is fine. But what the health system really needs this election is genuine reform

    Source: The Conversation (Au and NZ) – By Stephen Duckett, Honorary Enterprise Professor, School of Population and Global Health, and Department of General Practice and Primary Care, The University of Melbourne

    Worrying signs are emerging about aspects of Australia’s health system, which will require the attention of whoever wins the May election.

    Despite big money pledged for Medicare and the Pharmaceutical Benefits Scheme (PBS), only limited attention has been paid by the major parties to key reform priorities.

    Any fresh reform agenda will be starting from a position of relative strength. Australia has a good health system that consistently ranks well compared with other wealthy nations, including on life expectancy, which is on the high side.

    Medicare remains the right infrastructure for funding primary care. But it is now more than 40 years old and needs to be updated and improved.

    Policy action is necessary on five fronts:

    • financial barriers to care
    • managing chronic conditions
    • mental health and dental care
    • public hospitals
    • workforce

    Priced out of care

    Despite Medicare’s promise of universality, around one in ten people defer seeing a doctor because of the cost.

    And despite the provision of subsidised drugs via the PBS, people also report missing out on filling prescriptions.

    Health Minister Mark Butler has said that Medicare is in its ‘worst shape’ in its 40 year history.
    Robyn Mackenzie/Shutterstock

    Labor has announced big-ticket measures to improve bulk-billing rates and cap PBS prices at A$25 a prescription. Given cost-of-living pressures are central to the election, it’s unsurprising the Coalition has pledged to match both policies.

    But, critically, neither party has announced anything to improve access to other medical specialists. The gap continues to grow between what specialists charge and what Medicare will cover. This means some patients are delaying or avoiding necessary care altogether.

    Complex chronic conditions

    The health system has not adapted to the rising prevalence of chronic disease in the Australian community. In 2023–24, 18% of the population saw three or more health professionals. But for 28% of those people, no single provider coordinated their care.

    Medicare was designed in a different age and needs to be refurbished to respond to this new reality of more patients who are suffering multiple health conditions.

    The Strengthening Medicare Task Force and the GP Incentives Review have proposed new systems to fund general practices to facilitate multidisciplinary care.

    Work needs to continue in this direction, regardless of who forms the next government.

    Forgotten care

    Dental and mental health are largely the forgotten sectors of health care. The number of people delaying access to oral health services because of affordability issues is more than twice the 10% who are missing out in other areas of the health system.

    Seeing a dentist is very much dependant on income. More than a quarter of Australians living in the most disadvantaged areas defer getting their teeth fixed because of the cost involved. Uncapped access to dental care, as proposed by the Greens, is not the answer. What is needed is a more sophisticated route towards universal access.

    By contrast, the pattern for mental health care is different, with people in both poor and rich areas facing access problems.

    The Coalition has promised to restore the maximum number of Medicare-subsidised fee-for-service mental health sessions to 20, despite it being regarded as an inequitable policy.

    More fee-for-service mental health care is not the right approach. By contrast, Labor is making a $1 billion commitment to expanding services which are free to the consumer. This includes Medicare Mental Health Services and headspace clinics, which generally employ salaried professionals.

    Both parties should support another initiative already underway: the universal program for people with low-to-moderate mental health needs, which doesn’t require either a referral or a co-payment. Labor announced the plan in the last budget, scheduled to start in January 2026.

    Inadequate hospital funding

    The Commonwealth share of public hospital funding has been trending down for the last few years, reversing the growth in its share over much of the last decade.

    A deal has been reached to lift the Commonwealth share of hospital funding to 45%.
    Rose Marinelli/Shutterstock

    Some states have fared worse than others, which means some hospitals have become squeezed and waiting times have blown out.

    In late 2023, National Cabinet reached a new funding deal which would lift the Commonwealth share to 45% by 2035–36.

    But subsequent negotiations have become bogged down in a quagmire of claims and counter-claims. The Albanese government has responded with an interim one-year funding down payment. But both major parties need to address this issue and commit to implementing the full 45% in the agreed time frame.

    No doctor in the house

    In 2014, the Abbott government abolished Health Workforce Australia, the national agency responsible for health workforce planning. Ten years later, it’s no surprise we are in the middle of a critical shortage of doctors and nurses.

    The Albanese government has implemented changes to speed up the recruitment of internationally trained health professionals. It is also offering incentives to encourage more clinicians to work in rural and remote Australia.

    But these are just more of the same, similar to the plethora of policies which have left us in the mess we are in. Ensuring we have the right workforce mix to address rural health needs requires a fresh approach. That includes revised funding models – as proposed in the GP incentives review – and allowing all health professionals to work to their full scope of practice.

    Reform hard slog

    Although health often ranks in the top three issues people say are important to them in elections, cost of living is the main focus of media and political commentary.

    The promise to increase bulk billing will help lower primary care costs.

    But genuine health care reform does not attract much media attention, which means it doesn’t get the profile necessary to prompt the right political promises.

    The hard slog of change takes years, and involves much more than a few carrots thrown to voters in an election. It takes careful negotiation with stakeholders and getting the infrastructure right.

    Given the initiatives listed above, Health Minister Mark Butler has done well on reform this term. Unfortunately, voters don’t see that, and appear not to value systematic and coherent reform strategies.

    It is hoped that whoever is health minister after the election will continue on the reform path to a more sustainable and affordable health system.


    This is the eighth article in our special series, Australia’s Policy Challenges. You can read the other articles here.

    Stephen Duckett was a member of the Strengthening Medicare Task Force, the Review of General Prcatice Incentives, the Mental Health Reform Advisory Group, and the Expert Panel on the National Early Intervention Service

    ref. More bulk billing is fine. But what the health system really needs this election is genuine reform – https://theconversation.com/more-bulk-billing-is-fine-but-what-the-health-system-really-needs-this-election-is-genuine-reform-250644

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Following Feenstra Letter, National Institute of Standards & Technology Confirms Full Funding for Center for Industrial Research and Service for Remainder of Fiscal Year 2025

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    WASHINGTON, D.C. – Today, mere hours after U.S. Rep. Randy Feenstra (R-Hull) sent a letter to U.S. Secretary of Commerce Howard Lutnick and Acting Director of the National Institute of Standards & Technology (NIST) Craig Burkhart requesting renewal of the Center for Industrial Research and Service’s (CIRAS) cooperative agreement with the Manufacturing Extension Partnership (MEP), NIST confirmed that CIRAS would receive continued federal funding for Fiscal Year 2025. 

    Feenstra led U.S. Senator Chuck Grassley (R-IA) and U.S. Reps. Mariannette Miller-Meeks (IA-01), Ashley Hinson (IA-02), and Zach Nunn (IA-03) in sending this letter.

    “I’m glad that the National Institute of Standards & Technology decided to renew full funding for the Center for Industrial Research and Service within hours of receiving our letter. This initiative supports manufacturing in Iowa, makes important contributions to our economy, and strengthens our strategic position against countries like China,” said Rep. Feenstra. “Growing our domestic manufacturing sector and bringing jobs back to the United States is a vital mission, and CIRAS helps achieve these critical goals. By restoring full funding for CIRAS, we can continue to invest in our manufacturing might, sustain good-paying jobs in Iowa, and remain at the cusp of innovation and ingenuity, including in AI and other emerging technologies.”

    In their letter, the lawmakers note, in part, that “As Iowa’s federal delegation [Iowan Senators and Members of Congress], we have seen the crucial role CIRAS has played in aiding and growing our state’s manufacturing sector and how critical the Center has been to our state’s economic success. As you will read in the letter from concerned organizations that have firsthand knowledge of the importance of CIRAS to the manufacturing industry, the Center has helped Iowa’s small-to-medium-sized manufacturers for over six decades. Though the total impact of CIRAS since the Kennedy Administration is truly incalculable and indispensable, in the last five years alone, they have served 1,500 Iowa manufacturers that have reported $1.4 billion in financial results.”

    The full letter can be read HERE or below.

    Secretary Lutnick and Acting Director Burkhart, 

    We write with concern over the recent National Institute of Standards & Technology (NIST) decision regarding the Center for Industrial Research and Service (CIRAS). We are enclosing a letter we received from Iowa manufacturing businesses, Chambers of Commerce, and Iowa State University concerning the non-renewal and federal funding stoppage of the Manufacturing Extension Program (MEP) cooperative agreement. 

    As Iowa’s federal delegation [Iowan Senators and Members of Congress], we have seen the crucial role CIRAS has played in aiding and growing our state’s manufacturing sector and how critical the Center has been to our state’s economic success. As you will read in the letter from concerned organizations that have firsthand knowledge of the importance of CIRAS to the manufacturing industry, the Center has helped Iowa’s small-to-medium-sized manufacturers for over six decades. Though the total impact of CIRAS since the Kennedy Administration is truly incalculable and indispensable, in the last five years alone, they have served 1,500 Iowa manufacturers that have reported $1.4 billion in financial results. 

    Additionally, in the non-renewal notice from NIST, it mentioned that the U.S. Department of Commerce is reprioritizing to ensure United States leadership in emerging technologies such as Artificial Intelligence (AI). The work of CIRAS in just the past 12 months has included 16 AI-focused events with almost 400 attendees and 38 AI-focused projects. These AI projects included 9 projects using sensors and data to collect data for AI use, 27 projects leveraging AI tools for business marketing, and 3 projects to develop and implement new AI tools for manufacturers. Additionally, CIRAS has worked with manufacturing enterprises in almost every industry over the last 62 years since its founding. The manufacturing jobs being supported by CIRAS programs in Iowa are supporting emerging technologies and future-ready industries.

    As we work together to support President Trump’s prodigious goal of growing domestic manufacturing and reducing reliance on foreign industry, we believe that CIRAS should continue to be a key pillar of the MEP. We ask that all due consideration is given to resume or begin anew the cooperative agreement between CIRAS and the MEP.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Gillibrand Presses Social Security Commissioner on Benefit Portal Malfunctions, Planned Firings of SSA Tech Workers

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Lawmakers Send Letter Amidst Widespread Website Outages, Benefit Disruptions

    Senate Special Committee on Aging Ranking Member Kirsten Gillibrand wrote to Acting Social Security Commissioner Leland Dudek to demand that the Social Security Administration (SSA) address ongoing issues with the SSA website and reverse its reported plans to worsen the situation by firing up to 50 percent of employees from the Office of the Chief Information Officer (OCIO). Gillibrand was joined on the letter by Senate Banking Ranking Member Elizabeth Warren and Senate Finance Ranking Member Ron Wyden.

    OCIO is responsible for maintaining the agency’s benefit claims processing systems, managing SSA.gov and SSA’s online benefits portal, and protecting Social Security recipients’ sensitive information. In February, the agency announced plans to reduce its workforce by over 12 percent. Hundreds more staff firings will happen at OCIO, which has been directed to cut half of its staff. These cuts are expected to worsen the ongoing issues with SSA’s website and online portals, including recipients being incorrectly labeled as “not receiving payments” and losing access to their account histories.

    “It is unsurprising that weeks after you allowed DOGE to invade SSA, improperly access SSA data, and announce closures of Social Security offices, our constituents began having problems accessing their benefits…We are concerned that these recurring issues will impact the benefits of our constituents—many of whom rely on Social Security to pay rent or put food on the table,” wrote the lawmakers

    The cuts to the agency also expose SSA to system vulnerabilities, risking Americans’ data to hackers and foreign agents seeking to obtain private information. In addition to the dozens of senior SSA officials with centuries’ worth of experience who have resigned or retired, SSA’s entire cybersecurity leadership was also part of the exodus.

    “Leaving Americans’ most sensitive information unguarded places immeasurable financial and economic harm on our most vulnerable…We ask that you immediately cease all OCIO firings and act swiftly to restore SSA system and website functionality to prevent any further disruption of…benefits,” concluded the lawmakers

    The senators asked Dudek to provide clarity on the impact of cuts to OCIO, the so-called Department of Government Efficiency’s (DOGE) role in the firings, and the acting commissioner’s plan to ensure technical knowledge of internal systems is not lost during workforce reductions. 

    The letter is the latest in a series of actions by Senator Gillibrand to protect Social Security from the Trump administration’s efforts to cut the program. Last week, Senator Gillibrand led a letter with Senator Ron Wyden calling on the Trump administration and DOGE to stop their attacks on Social Security, specifically calling out SSA’s staffing cuts, plans for indiscriminate closures of field offices around the nation, and attempts to limit phone services. Earlier this year, Gillibrand also demanded answers from the administration about its plans to close the Social Security office in White Plains, NY; slammed the Trump administration for its efforts to “buy out” SSA employees; and joined elected officials in New York to call on the administration to stop its repeated efforts to cut Social Security.

    The full text of the letter can be found here.

    MIL OSI USA News

  • MIL-OSI Russia: Leaving Russia is inevitable – UniCredit Bank also limits transfers in dollars

    Translartion. Region: Russians Fedetion –

    Sours: Mainfin Bank –

    Why does UniCredit Bank limit transfers in dollars?

    Suspension of outgoing transfers from Russian clients UniCredit Bank will happen on April 18 – the decision, as stated by the credit institution itself, was made “for reasons beyond the bank’s control.” At the same time, UniCredit has been winding down its business in Russia for several years now – against the backdrop of the start of the SVO and the sanctions imposed on the financial sector, the Italian group has repeatedly announced plans to abandon business in the Russian Federation.

    True, the bank will not limit all dollar transactions now. Transfers will still be available in banks, located in the EU, Australia, USA, Canada, Turkey, UAE and a number of Asian countries. Such a selective approach is due to the absence of problems on the side of the recipient banks.

    What other measures has UniCredit Bank taken to curtail its business in Russia?

    The UniCredit Group is systematically winding down its operations on Russian territory – among the previously adopted restrictions are:

    regular closure of offices and branches in the country’s cities; introduction of a 5% commission for currency transfers; suspension of transactions in euros for individuals; setting a limit on one transaction – no less than 10 thousand euros or dollars, if the amount is less, prior approval of the transaction is required.

    “UniCredit Bank intends to sell its business in Russia, but it has not yet been possible to reach an agreement and conclude a deal, including due to the need to coordinate the sale with the Russian authorities,” the expert noted.

    The bank plans to completely wind down its operations by 2027 – the reduction of assets is proceeding at an accelerated pace. The volume of retail business has already been reduced by 50%, the goal has been achieved a year ahead of schedule. However, experts are confident that the final decision to leave Russia will be made taking into account the real situation in the industry and existing geopolitical risks.

    12:00 04/15/2025

    Source:

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https://mainfin.ru/novosti/uhod-iz-rossii-neizbezen-unikredit-bank-ogranicivaet-perevody-ese-iv-dollarah

    MIL OSI Russia News

  • MIL-OSI USA: Celebrating Progress to Address Mount Vernon’s Water Woes

    Source: US State of New York

    overnor Kathy Hochul today celebrated significant milestones and ongoing progress in the multi-year implementation of New York State’s historic $150 million investment and partnership with the City of Mount Vernon and Westchester County to address the community’s longstanding water infrastructure concerns. The State’s expedited funding and planning processes helped complete construction on the critically important Third Street Sewer Project and Healthy Homes Pilot Program. Additional work is underway to repair water infrastructure and replace lead pipes across the city.

    “The ongoing progress in Mount Vernon is a major victory for environmental justice and an example of what can be accomplished when federal, state, and local governments work together to overcome decades of neglect and disinvestment,” Governor Hochul said. “I am incredibly proud of the historic partnership and agency collaboration that are making these long-overdue infrastructure improvements possible as we work toward a safer and healthier Mount Vernon community.”

    Westchester County Executive Ken Jenkins said, “Today, we celebrate the significant progress being made towards water infrastructure challenges, and longstanding environmental justice concerns in Mount Vernon. The Third Street Sewer Project is a collaborative effort across many levels of government, that will ultimately lead to a more resilient and healthier community for our Westchester County residents living in Mount Vernon. We thank Governor Hochul for her leadership in revitalizing the aging and failing water infrastructure and look forward to working together towards the project’s completion.”

    City of Mount Vernon Mayor Shawyn Patterson-Howard said, “We are deeply grateful to Governor Kathy Hochul and her administration for their unwavering commitment to the City of Mount Vernon. The historic $150 million investment—along with the $10 million WQIP, $3 million Healthy Homes Pilot Program, $2 million Lead Service Line Replacement Program, and $3 million Green Infrastructure Grant Program—represents a transformative partnership between our city, Westchester County, and New York State. These investments are changing lives and restoring dignity to our residents. The completion of the Third Street Sewer Project and the launch of the Healthy Homes Pilot Program are powerful examples of what we can achieve when state and local governments work hand in hand to deliver real results. As we continue the vital work of repairing aging infrastructure and planning for comprehensive lead pipe replacement, we remain steadfast in our commitment to building a healthier, safer, and more resilient Mount Vernon—for this generation and the next.”

    Representative George Latimer said, “This is great news for Mt. Vernon and Westchester County, and I thank Governor Hochul for this infrastructure investment to our community. These projects were able to get off the ground quickly thanks to an innovative partnership between the County, City and State governments and we are already seeing the benefits. Residents deserve access to safe, clean drinking water and these projects will go a long way towards reaching that goal. I will continue to advocate for infrastructure investments and environmental improvements in our communities, and work with the Governor and state officials in my new role to deliver for New York’s 16th District.”

    First announced in April 2022, New York State’s $150 million investment and three-way partnership with Mount Vernon and Westchester County addresses water and public health challenges that plagued the city for decades by updating aging and failed water infrastructure.

    This innovative State-County-City partnership was memorialized in a Memorandum of Understanding (MOU) to expedite priority projects and outline roles, responsibilities, and available funding for this city-wide effort. The MOU formalizes the three-way partnership, including the use of funds for engineering, design, and construction work associated with the Third Street Sewer improvements.

    Department of Environmental Conservation Acting Commissioner Amanda Lefton said, “Through Governor Hochul’s leadership and alongside our partners, Mount Vernon, Westchester County and EFC, DEC is advancing sustainable solutions to address longstanding inequalities and prioritizing environmental justice. The completion of the Third Street Sewer Project and other significant progress in this community are a symbol of the State’s commitment to ensuring the health and safety of all New Yorkers through investments in disadvantaged communities too often overlooked.”

    Environmental Facilities Corporation President and CEO Maureen A. Coleman said, “The transformative projects we’re celebrating today are not just a patchwork of fixes. They are part of Governor Hochul’s strategic initiative to address longstanding citywide environmental challenges with real, lasting solutions. This is exactly what EFC was created to do—bridge the gap between need and action by providing crucial financial resources, especially in communities that have historically been underserved. The State’s $150 million investment isn’t just funding construction—it’s restoring dignity, improving quality of life, and building the capacity Mount Vernon needs to thrive for generations to come.”

    Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Thanks to the partnership between New York State, Westchester County, and the city of Mount Vernon, the Third Street Sewer Project and the Mount Vernon Healthy Homes pilot program are protecting homes, helping improve the quality-of-life for thousands of residents, and strengthening the infrastructure for this entire city corridor. Through projects like these, we are demonstrating how Governor Hochul’s historic $150 million investment is addressing the environmental inequities that have plagued the city for far too long.”

    Department of Health Commissioner Dr. James McDonald said, “This is a momentous public health achievement for this community thanks to the leadership of Governor Hochul, as well as the collaboration between the City of Mount Vernon, Westchester County and our federal partners. The Department of Health is committed to further eliminating health disparities in this community by identifying lead service lines, a critical component to their replacement and to the overall health of Mount Vernon residents.”

    Senate Majority Leader Andrea Stewart-Cousins said, “Mayor Shawn Patterson-Howard made the Third Street Sewer Project and the Healthy Homes initiative a priority, enabling the completion of these milestones for Mount Vernon. This project demonstrates what’s possible when government at all levels works together. The Governor and the State Legislature secured historic investments in our state’s water infrastructure, recognizing that clean water is not a privilege but a right for all New Yorkers. Through this $150 million partnership, which includes the use of $9 million in Clean Water Infrastructure Act funds, we promised reliable infrastructure that would address decades of neglect. Today, we are delivering on that promise.”

    Third Street Sewer Project

    The Third Street project consists of a new underground pumping station, approximately 400 linear feet of sewer piping on West Third Street, and an emergency generator. The project provides reliable wastewater service and enhanced quality of life for thousands of Mount Vernon residents impacted by broken and long-neglected sewer infrastructure lines. Following an accelerated planning and design process, the completed work will mitigate flooding and sewage backups that have long plagued the area. The project ensures reliable wastewater service for nearby residents who prior to these improvements were served by temporary pumps and a makeshift system staged in the middle of Third Street. Additional infrastructure improvements across the city are planned to advance in phases over five to seven years, prioritizing the city’s most critical infrastructure needs.

    Mount Vernon Healthy Homes Initiative

    Construction is completed on 24 low-to-moderate income households participating in the Mount Vernon Healthy Homes pilot program. The $3 million program, administered by New York State Homes and Community Renewal’s Office of Resilient Homes and Communities (RHC), is in addition to the state’s $150 million investment, installing residential sewer-related improvements in neighborhoods at high-risk for wastewater backflow. The recently completed pilot targeted the most frequently impacted and highest risk properties in the area. It helps New York fulfill its goal to build resilient homes that adapt to a changing climate while prioritizing communities that were neglected in the past.

    Approved homes received the following improvements:

    • New sanitary sewer backflow prevention devices;
    • Wastewater drainage improvements;
    • New whole house water filtration systems;
    • Replacement of up to two low-flow toilets;
    • Cleanup and remediation after damage or mold from wastewater flooding; and
    • Other environmental remediation of hazards such as lead paint or asbestos.

    Ongoing System-Wide Repairs

    Projects began immediately in 2023, using $5 million from CWIA grants to fund 33 priority projects to repair nearly 200 miles of storm and sanitary sewers. In addition, $10 million from DEC’s Water Quality Improvement Project (WQIP) program was invested to implement the comprehensive assessment, remedial design, and full repair of the sewer collection lines that discharge raw sewage to the Hutchinson River. To date, 40 miles of sewer cleaning and 10 miles of sewer repairs have reduced sewer backups in the city by 90 percent.

    EFC dedicated an additional $2 million for administrative services including engineering consultant services to accelerate the work. Mount Vernon and DEC are also undertaking a $1 million asset management program to take inventory, assess, and track the city’s water infrastructure and help create a plan to fund and maintain Mount Vernon’s water quality infrastructure over the long-term. Additionally, a project to reconstruct a pump station on Edison Avenue is moving forward.

    Green Infrastructure Project to Manage Stormwater and Revitalize the Fourth Street Park

    In addition to the state’s $150 million investment, EFC awarded the city a $3 million grant through the Green Innovation Grant Program. Creative green infrastructure practices including bioretention, rain gardens, and porous pavement will alleviate flooding at the Fourth Street Park and improve the water quality of the Hutchinson River, while revitalizing and beautifying the community’s recreational space.

    Lead Service Line Replacement

    DOH is actively working with the Mount Vernon Board of Water Supply (MVBWS) on their lead service line inventory project. The initial $1 million grant financing agreement with EFC was approved by Mount Vernon on Sept. 14, 2022, with an additional $1 million grant approved on August 15, 2024. MVBWS began their inventory efforts by reviewing their archive of more than 12,500 water accounts. Of the approximately 12,000 service line records reviewed to date, approximately 7,800 indicate the presence of lead. In addition to the full archive review, MVBWS launched community engagement efforts in April 2024 with public information mailings and the creation of a lead service line program website, as coordination with the public on this initiative is crucial to its long-term success.

    New York’s Commitment to Water Quality

    New York State continues to increase its nation-leading investments in water infrastructure, including more than $2.2 billion in financial assistance from EFC for local water infrastructure projects in State Fiscal Year 2024 alone. With an additional $500 million proposed for clean water infrastructure in the FY26 Executive Budget announced by Governor Hochul, New York will have invested a record $6 billion in water infrastructure since 2017.

    MIL OSI USA News

  • MIL-OSI: First Farmers Financial Corp. Announces Common Stock Buyback Program

    Source: GlobeNewswire (MIL-OSI)

    Converse, IN, April 15, 2025 (GLOBE NEWSWIRE) — Converse, Indiana, April 15, 2025 — First Farmers Financial Corp. (OTCQX:FFMR), announced that the Board of Directors has approved a plan to repurchase up to $4 million in the Corporation’s outstanding common stock on the open market.

     The timing, price, and quantity of purchases under the stock repurchase plan will be at the discretion of management and may be discontinued, suspended, or restarted at any time.  The program will be funded from current available working capital.  The board feels the stock repurchase plan will provide capital management opportunities and add value for the Company’s shareholders depending upon market and business conditions.

     First Farmers Financial Corp is a $3.3 billion financial holding company headquartered in Converse, Indiana.  First Farmers Bank & Trust has offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar and Vermilion counties in Illinois.  As of March 31, 2025, the Corporation had 6,999,207 common shares outstanding.

    The MIL Network

  • MIL-OSI USA: Senators Collins, Baldwin, Peters Introduce Bipartisan Bill to Give Lifeline to Winter Businesses Impacted by Mild Winters

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Bill would ensure that small businesses impacted by low snowfall are eligible for disaster assistance.

    Washington, D.C. – U.S. Senators Susan Collins, Tammy Baldwin (D-WI), and Gary Peters (D-MI) introduced the Winter Recreation Small Business Recovery Act. This bipartisan legislation would ensure businesses that rely on winter weather can get disaster assistance during winters that do not produce enough snow to meet the needs of their business.

    “Snow droughts pose a significant threat to Maine’s winter businesses, whose financial stability are often dependent on natural snowfall levels,” said Senator Collins. “This bipartisan bill would add snow droughts to the list of recognized disasters under the Small Business Act, providing winter businesses a new tool to manage these unpredictable and costly seasons.”

    The Winter Recreation Small Business Recovery Act would ensure that during winters with a snow drought, small businesses are eligible for disaster relief through the Small Business Administration’s (SBA) Injury Disaster Loans. This existing loan program at SBA is designed to provide small businesses with the funds they need to operate while they recover from a natural or other disaster. Under current law, qualifying disasters include droughts and ice storms or blizzards, but do not include snow droughts.

    MIL OSI USA News

  • MIL-OSI United Nations: Committee on Rights of Migrant Workers Launches General Comment on the Convergence of the Migrant Workers’ Convention and the Global Compact for Safe, Orderly and Regular Migration

    Source: United Nations – Geneva

    The Committee on Migrant Workers today held an event to launch its general comment six on the convergent protection of the rights of migrant workers and members of their families through the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families and the Global Compact for safe, orderly and regular migration.

    Fatimata Diallo, Committee Chair, in opening remarks, said migrants, especially those in an irregular situation, were disproportionately exposed to abuses and human rights violations, and often did not have access to due process or remedies.  More than 8,900 people died on migration routes in 2024.  Yet, the human rights dimensions of migration remained largely neglected, and inflammatory and xenophobic rhetoric against migrants helped politicians win votes.

    Ms. Diallo said the Convention and the Global Compact were unique, complementary and mutually reinforcing to advance migration governance and promote and protect the rights of all migrants. General comment six offered avenues for the coordination of the convergent measures for protection of the rights of migrant workers and members of their families in the Convention and the Global Compact.

    Peggy Hicks, Director, Thematic Engagement, Special Procedures and Right to Development Division, Office of the United Nations High Commissioner for Human Rights, said in opening remarks that general comment six was a milestone in international efforts to ensure that States aligned migration governance with international human rights obligations. Ms. Hicks called on all States, including those that had endorsed the Global Compact but had not yet ratified the Convention, to engage in dialogue on ratifying this important human rights instrument.

    Introducing the general comment, Mohammed Charef, Committee Expert and Chair of the Committee’s Working Group on the Convention and the Global Compact, said the Convention and the Global Compact both called for the protection of migrants from human rights violations, measures to promote decent work and access to social security, and efforts to help migrants reach their potential.  The general comment sought to help States parties to implement their commitments under these instruments and promote effective, tangible respect for the rights of migrants.

    The Committee heard statements marking the launch of the general comment by panellists from Permanent Missions and United Nations agencies, before holding a general discussion on how the Convention and the Global Compact could be implemented in synergy.

    In the discussion, speakers welcomed the adoption of general comment six, which they said assisted States in implementing their commitments under the Convention and the Global Compact and in managing migration with a human rights lens.

    Speakers welcomed that the general comment promoted non-criminalisation of migration.  States needed to adopt measures to combat the intolerance of migrants, particularly vulnerable persons, and to further facilitate regular migration, they said.

    Speaking as panellists were Carlos D. Sorreta, Permanent Representative of the Philippines to the United Nations Office and Other International Organizations in Geneva; Fernando Espinosa Olivera, Deputy Permanent Representative of Mexico to the United Nations Office and Other International Organizations in Geneva; Abdellah Boutadghart, Deputy Permanent Representative of the Kingdom of Morocco to the United Nations Office and Other International Organizations in Geneva; Catalina Devandas, Senior Director, Office of Partnerships, Advocacy and Communications, International Organization for Migration; Gladys Cisneros, Chief of Branch, Labour Migration Unit, International Labour Organization; Patrick Eba, Deputy Director, Department of International Protection, United Nations High Commissioner for Refugees; Tasha Gill, Global Lead on Migration and Displacement, United Nations Children’s Fund Regional Office for Europe and Central Asia; Jonathan Prentice, Head of the Secretariat, United Nations Network on Migration; Patrick Taran, President, Global Migration Policy Associates; Alan Desmond, Editor, Journal of Immigration, Asylum and Nationality Law, University of Leicester, United Kingdom; and Ariel Cejas Meliare, Procurador Penitenciario de la Nación [Procurator’s Office of the Nation of Argentina].

    Bangladesh, Honduras and Burkina Faso took the floor in the discussion.

    The Committee on Migrant Worker’s fortieth session is being held from 7 to 17 April.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 5:30 p.m. on Thursday, 17 April, to close its fortieth session.

    Opening Remarks

    FATIMATA DIALLO, Committee Chair, said currently, some 281 million people lived and worked in countries that were not their own. Migration was the symptom and effect of profound social, economic, and environmental pressures and changes around the world.  Migrants, especially those in an irregular situation, were disproportionately exposed to abuses and human rights violations, and often did not have access to due process or remedies.  As border controls had become stricter and regular pathways of entry and stay had narrowed, migrants’ journeys had become longer, more fragmented and more dangerous. More than 40,000 women, men and children between 2014 and 2021 had been declared dead or missing en route, and countless other disappearances had never been reported.  More than 8,900 people died on migration routes in 2024.

    Yet, the human rights dimensions of migration remained largely neglected.  The issue of migration was usually approached from the perspective of economic development or border security and control.  Inflammatory and xenophobic rhetoric against migrants helped politicians win votes, and in times of crisis, the migrant was a convenient scapegoat to blame for social and economic hardship.

    The Convention – a global legally binding instrument on migration – and the Global Compact – a non-binding instrument – were important international mechanisms in the context of migration.  They were unique, complementary and mutually reinforcing to advance migration governance and promote and protect the rights of all migrants, regardless of their migration status. 

    The Global Compact was first and foremost a strategic policy instrument for guidance, which was nevertheless anchored in the norms and standards of international law.  It was the most comprehensive migration governance instrument in the history of international migration, contributing to the protection of the various human rights of migrants and helping to operationalise the provisions of the Convention.  It laid the groundwork for Member States to create a strategy that protected all migrants in vulnerable situations through a range of mechanisms, including the provision of regular access pathways.

    The Convention, conversely, provided a comprehensive international legal framework for the promotion of the human rights of migrant workers and their family members, and remained the best strategy to prevent abuses and address the vulnerabilities that many migrants faced. It established minimum human rights standards, which were legally binding on States parties and applied to migrant workers and members of their families. 

    General comment six offered avenues for complementary coordination for the convergent protection of the rights of migrant workers and members of their families through the Convention and the Global Compact.

    The ratification of treaties could have a transformative effect.  Governments had used treaty provisions and treaty body recommendations to advance complex societal changes that faced resistance at the national level, such as adopting comprehensive non-discrimination legislation. Regrettably, none of the 27 European Union Member States had signed or ratified the Convention.  Convincing these States to ratify was important, not only because the European Union was an important migrant destination, but also because they had robust democratic institutions and vibrant civil society activity, and could meaningfully implement and comply with the Convention. Ratification by European Union Member States would send a strong message of support for this core human rights instrument.  It was time for the European Union and the Committee to engage in dialogue on the ratification of the Convention.

    The Convention did not create new rights, besides a few exceptions, but incorporated the fundamental human rights set out in the main international human rights instruments, applying them to a vast and specific category of the world’s population, namely migrant workers and members of their families.  Ms. Diallo called on States to support the Committee’s ratification campaign.

    PEGGY HICKS, Director, Thematic Engagement, Special Procedures and Right to Development Division, Office of the United Nations High Commissioner for Human Rights, said migration was the history of humanity. The worrying trend of dehumanising anti-migrant narratives, and securitised and punitive migration policies, limited access to safe migration pathways, while the criminalisation of solidarity was placing migrants and communities at heightened human rights risks. It was time to re-centre migration governance on human rights protection and strengthen international cooperation grounded in the dignity and rights of all people, regardless of migration status.

    General comment six was a milestone in international efforts to ensure that States aligned migration governance with international human rights obligations.  It illustrated the complementarity between the Convention and the Global Compact – each reinforcing and completing the other and constituting a bridge between soft law and treaty law, providing interpretative guidance for States to implement the Global Compact commitments consistently with international human rights standards.

    The Global Compact was the first inter-governmentally negotiated agreement which covered all dimensions of international migration in a holistic and comprehensive manner.  It respected States’ sovereign right to determine who entered and stayed in their territory and demonstrated commitment to international cooperation on migration.  It presented a significant opportunity to improve governance of migration, to address the challenges associated with today’s migration, and to strengthen the contribution of migrants and migration to sustainable development.  It also explicitly reinforced the importance of human rights and international law through its guiding principle on human rights and its commitment to the principles of non-regression and non-discrimination.

    The Convention offered detailed and binding provisions that complemented and strengthened the Compact’s more aspirational commitments.  On regularisation, for example, it provided concrete and binding guidance, requiring States parties to “take appropriate measures to ensure that [an irregular] situation did not persist” when migrant workers and members of their families were in an irregular situation within their territory, and stressed that States parties should consider adopting policies to prevent migrant workers and members of their families from falling into irregularity.

    The Convention was currently the least ratified of the core international human rights treaties, with only 60 States parties. Increasing the number of ratifications of the Convention remained a top priority for the Office of the High Commissioner for Human Rights.  At the same time, many countries had accepted many of the standards enshrined in the Convention via the ratification of other human rights treaties, the provisions of which mirrored the core rights codified in the Convention.

    Some of the recent work of the Committee highlighted the relevance of the Convention and the Committee’s work even to non-States parties, such as the joint general comments with the Committee on the Rights of the Child, which provided authoritative guidance that was equally applicable to all 196 States parties to the Convention on the Rights of the Child. Ms. Hicks also applauded the Committee for elaborating two joint general comments with the Committee on the Elimination of Racial Discrimination on principles and guidelines for eradicating xenophobia towards migrants.  The two draft general comments were already at an advanced stage and would be discussed at the current session.

    As the international community worked towards the implementation of the Global Compact, there was now also momentum for States parties, with the support of the Committee and its partners, to increase the number of States parties to the Convention.  The Convention had a unique role as the only binding global treaty focused on the rights of migrant workers and their families, with its principles echoed throughout the Global Compact. 

    Ms. Hicks encouraged the recognition that soft law and treaty law were not at odds, but rather mutually reinforcing.  This general comment helped bridge the two and offered useful guidance to all States, regardless of the ratification status. She invited States to consider Convention obligations in future implementation and review processes, such as the International Migration Reviews, and called on all States, including those that had endorsed the Global Compact but had not yet ratified the Convention, to engage in a dialogue with the Committee and the Office of the High Commissioner to discuss the benefits of ratifying this important human rights instrument.

    Statements Introducing the General Comment

    MOHAMMED CHAREF, Committee Expert and Chair of the Committee’s Working Group on the Convention and the Global Compact, called on all parties to carefully read the general comment, disseminate it and support its implementation.  In many countries, there were reports of serious and repeated violations of the rights of migrant workers, which had direct consequences on the most vulnerable among them.  Despite the alarmist discourse that was often used regarding migrant workers, there were many success stories associated with migration in the business, sport, music and science fields.  Human rights needed to be put at the heart of discussions concerning migrant workers.

    States needed to commit to their international obligations.  The Convention and the Global Compact had convergent goals, though only the former was binding.  Both instruments were rooted in values such as State sovereignty and respect for human rights.  They called for the protection of migrants from human rights violations such as trafficking and measures to promote decent work and access to social security.  Both instruments called for efforts to help migrants reach their potential.

    The general comment was based on broad-ranging consultations with civil society and stakeholders in Geneva and around the world. It sought to help States parties to implement their commitments under the Global Compact and to strengthen migration governance.  The general comment sought to promote effective and tangible respect for the rights of migrants.  Mr. Charef praised the efforts of champion countries of the Convention and called on States that had not yet ratified it to do so.  Ratification issues were more of a political nature than a legal one. The Committee would continue to encourage actors to promote the ratification of the Convention.

    The Global Compact and the Convention were two essential instruments for promoting the rights of migrant workers.  The Committee would promote their implementation and help build a brighter future for migrants around the world.

    EDGAR CORZO SOSA, Committee Expert and Member of the Committee’s Working Group on the Convention and the Global Compact, said the general comment juxtaposed two different instruments that needed to complement each other, rather than be put against each other.  One of its main goals was to provide authoritative guidance on how States could meet their obligations under these two instruments.  The general comment did not water down the human rights standards developed by the Committee, but rather built on them.  Safe, orderly and regular migration was a goal that could not be reached if human rights were left behind.  In the general comment, the Committee identified 14 common points between the two instruments, relating to topics such as decent work, returns, remittances, childhood, family, gender, protection, defence and trafficking in persons.

    The general comment provided a vision of migration governance that fully respected human rights.  The Committee would do its part in periodic reviews to promote its implementation.  It would hold a meeting with States in future to assess the impact that the general comment was having on human rights, and was calling on civil society to help disseminate it.

    Panel Statements

    CARLOS D. SORRETA, Permanent Representative of the Philippines to the United Nations Office and Other International Organizations in Geneva, thanked the Committee for its work on general comment six.  There were over 10 million Filipinos working in almost all regions of the world.  The Philippines promoted effective and fair governance of migration.  The State party aimed to safeguard the rights of all migrant workers and establish legal pathways to migration.  It had instituted a stringent anti-human trafficking law and had established gender-responsive mechanisms for migrants in distress in host countries.

    During the COVID-19 pandemic, the Philippines facilitated the return of over a million Filipinos.  It had passed laws allowing for dual citizenship and absentee voting, and developed a programme for enticing entrepreneurs and professionals to return to the State.  Most countries with which the Philippines negotiated with to protect its migrants were not parties to the Convention or the Global Compact. However, there were normative baselines that these States needed to uphold.  Over the years, protections for migrants had increased, influenced by these two instruments.

    FERNANDO ESPINOSA OLIVERA, Deputy Permanent Representative of Mexico to the United Nations Office and Other International Organizations in Geneva, said there was back-peddling on human rights and discriminatory discourse against migrants worldwide.  In this context, international agreements concerning migrants were very important. Mexico had led the creation of international frameworks, including the Global Compact, that guaranteed the respect of migrants and promoted secure, orderly, regular and humane migration. Mexico welcomed general comment six, which was the product of broad consultations.  It would help to bring greater consistency in efforts to protect migrants. 

    There were several commonalities between the Convention and the Global Compact.  Mexico had developed State agencies and policies for caring for migrants abroad and supporting their reintegration, as well as tools for collecting data on migrants.  The governance of migration was only possible when it respected human rights.  All States needed to adopt constructive approaches and respect their obligations in the field of human rights and international law.

    ABDELLAH BOUTADGHART, Deputy Permanent Representative of the Kingdom of Morocco to the United Nations Office and Other International Organizations in Geneva, said the general comment was the product of a long and transparent process. Morocco hailed the Committee’s efforts to seek inputs from States on the general comment.  Currently, migrants around the work were facing xenophobia and violations of their rights.  The general comment would support efforts to protect their rights. 

    Morocco had developed a strategy to promote the rights of migrants on its territory.  It had regularised the status of many irregular migrants and supported their access to State services.  The Government sought to ensure that migrants could enjoy their rights. It had helped over 8,000 citizens of African countries seeking to return to their home countries to do so. Morocco shouldered its responsibilities in terms of border management and combatting trafficking in persons. States were obliged to ensure that the general comment was a success, and to develop policies on migration that were based on facts rather than disinformation.

    CATALINA DEVANDAS, Senior Director, Office of Partnerships, Advocacy and Communications, International Organization for Migration, said around 60 per cent of migrants were migrant workers.  Migrant workers constituted 4.7 per cent of the global workforce.  Over 650 billion United States dollars were sent in remittances to low and middle-income countries in 2024.  Remittances were key to development and reducing poverty. 

    The general comment promoted the benefits of safe and orderly migration and equal treatment in employment for migrant workers.  It called for key actors, including migrants themselves, to be included in conversations on migration policies and for migrants to be direct beneficiaries of these policies.  Despite the ongoing challenges, the past few decades had seen immense progress in the protection of the rights of migrants and the promotion of the benefits of migration for all.  The Convention and the Global Compact were two examples of this progress, and the general comment was an important tool for breathing new life into these instruments.

    GLADYS CISNEROS, Chief of Branch, Labour Migration Unit, International Labour Organization, said migrant workers were three times more likely to be in situations of forced labour.  Exploitation of migrant workers generated some 30 billion dollars in profits each year. In many countries, migrant workers faced legal and practical barriers to freedom of association.  These examples highlighted the urgent need for the protection of migrant workers’ rights. 

    Many International Labour Organization Conventions supplemented the rights guaranteed by the Global Compact and the Convention.  The International Labour Organization hoped to continue its collaboration with the Committee, and the Global Compact provided a crucial framework for this collaboration.  It guided States parties in the implementation of the Global Compact and the Convention.  States and civil society needed to closely study the general comment and make use of it to ensure the implementation of the Global Compact and the Convention.

    TASHA GILL, Global Lead on Migration and Displacement, United Nations Children’s Fund Regional Office for Europe and Central Asia, said the general comment emphasised protecting children from statelessness by ensuring that all births were registered.  It promoted family reunification for migrant workers and their families and the protection of children’s rights at borders.  Further, the general comment called for the establishment of safeguards to ensure that migrant children could attend school, highlighting the risks of child labour.  Many children were left behind when their parents left their countries to work. The general comment called for policies to support these children.

    JONATHAN PRENTICE, Head of the Secretariat, United Nations Network on Migration, said the Global Compact outlined the ways in which safe and orderly migration could be achieved and recognised the need to review progress in its implementation on a periodic basis.  The Committee needed to exert further efforts to promote the implementation of the Global Compact and the general comment.  The Global Compact had a long way to go before it was fully realised, but its existence and potential were not to be underestimated.

    PATRICK TARAN, President, Global Migration Policy Associates, saluted the sixtieth ratification of the Convention by Zimbabwe.  This was a milestone achievement.  In addition to the 60 States parties, there were also 11 States that had signed the Convention but had yet to ratify it.  Demand for skilled labour was growing worldwide.  Migrants and migration were worth nine trillion dollars to the global economy.  However, pushbacks against the rights of migrants continued.  The Convention and the Global Compact were complementary only when States had ratified both.  No country could be a champion of migrant workers’ rights until they had ratified the Convention. 

    The death rate for migrant workers at work was at least three times the rate for migrants in transit.  Foreign workers were at least twice as likely as nationals to die at work in European Union Member States.  These deaths were a result of the lack of implementation of the standards of the Convention.  There needed to be a joint general comment on the complementarity of the Convention and the two International Labour Organization Conventions that addressed migrant workers.  The global campaign for ratification of the Convention needed to be rejuvenated. With more resources, the Committee could achieve at least 100 ratifications by 2030.

    United Nations Women said the general comment provided clarity on States’ obligations under the Global Compact and the Convention. At every stage of migration, women’s rights were non-negotiable.  Harmful narratives needed to be combatted, and migration pathways needed to be made safe for women.  Migrant women regularly faced human rights violations and threats en route. States needed to promote the participation of migrant women in policy development, strengthen protections for migrant women, and promote their access to work.  United Nations Women would help States to convert their commitments into transformative action for migrants.

    ALAN DESMOND, Editor, Journal of Immigration, Asylum and Nationality Law, University of Leicester, United Kingdom, said the general comment would be of great use in ensuring that States that had ratified the Global Compact and the Convention implemented their obligations, and in raising awareness of the Convention. The two instruments were not identical, and it was important for States to fully implement both.  Remittances were a vital source of income for migrant families and they helped to promote economic development.  Migrants often had to pay disproportionate transaction fees, sometimes as much as 10 per cent.  International commitments had been developed to reduce remittance costs. The Convention and the Global Compact conferred on migrant workers the right to send remittances and on States the obligation to facilitate such remittances.  The holistic implementation of the two instruments would help to support migrants’ ability to send remittances, among other rights.

    Poor sound quality prevented interpretation of the statement made by ARIEL CEJAS MELIARE, Procurador Penitenciario de la Nación [Procurator’s Office of the Nation of Argentina].

    Discussion

    In the ensuing discussion, speakers welcomed the adoption of general comment six, which assisted States in implementing their commitments under the Convention and the Global Compact and would help States to manage migration with a human rights lens.  Migration governance called for a coherent vision.  Speakers welcomed that the general comment promoted non-criminalisation of migration.  States needed to adopt measures to combat the intolerance of migrants, particularly vulnerable persons, and to further facilitate regular migration, they said.

    Speakers presented policies to promote orderly migration, naturalise irregular migrants, and combat trafficking in persons and statelessness.  They also congratulated the Committee on its efforts to promote the rights of migrant workers.

    Concluding Remarks

    CARLOS D. SORRETA, Permanent Representative of the Philippines to the United Nations Office and Other International Organizations in Geneva, said the Philippines was developing an initiative to strengthen social stability and access to medical services for migrants.  This would help improve the situation of migrants abroad and when they returned home.  The State was calling on receiving countries to join the Convention.  Migrants had a transformative effect on the countries in which they worked.  Countries that had in the past criminalised Filipino migrant workers whose rights were violated by employers were now holding such employers to account.  This trend needed to continue.

    ABDELLAH BOUTADGHART, Deputy Permanent Representative of the Kingdom of Morocco to the United Nations Office and Other International Organizations in Geneva, said that there was a need to ground migration policy in evidence, away from xenophobic discourse.  It was welcome to hear the strong support for this approach from all speakers.

    MOHAMMED CHAREF, Committee Expert and Chair of the Committee’s Working Group on the Convention and the Global Compact, said he was moved by the support expressed for the general comment by participants.  During these challenging times, there needed to be collaboration between all parties to address migrant workers’ complex situation and support them.

    EDGAR CORZO SOSA, Committee Expert and Member of the Committee’s Working Group on the Convention and the Global Compact, said the Committee would spare no effort to promote the implementation of the general comment, and ensure that the good standards and practices established in the Convention and the Global Compact were implemented around the world.

    FATIMATA DIALLO, Committee Chair, said the Committee hoped that the general comment would be a roadmap for States parties to improve protections for migrants and migrant workers.  It would take into consideration all comments made by participants and work to disseminate the general comment through its outreach activities.  It hoped that the general comment would contribute to promoting the protection of migrant workers across the world.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CMW25.005E

    MIL OSI United Nations News

  • MIL-OSI USA: Sens. Markey, Murkowski Urge FEMA to Unfreeze Public Safety Grants for Public Broadcasters

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Letter Text (PDF)
    Washington (April 15, 2025) – Senator Edward J. Markey (D-Mass.) and Senator Lisa Murkowski (R-Alaska) today sent a letter to Federal Emergency Management Agency (FEMA) Acting Administrator Cameron Hamilton urging the agency to lift its freeze on grants that help improve the resiliency of public broadcasting stations. FEMA has frozen these grants since February. Public broadcasting stations are essential for communicating with the public during emergencies, especially reaching underserved and vulnerable individuals.
    In the letter, the lawmakers write, “Public broadcasters play a vital and often under-recognized role in communicating emergency alerts to the public. Many public broadcasters are designated as Primary Entry Point stations by FEMA, meaning they are the first to receive and disseminate national alerts, including messages from the president, through the U.S. Emergency Alert System. These stations then relay messages to other broadcasters and cable systems, initiating a cascading chain of emergency communication. Public broadcasters also participate in the Integrated Public Alert and Warning System (IPAWS), which enables the delivery of authenticated alerts from federal, state, and local authorities across multiple platforms”
    The lawmakers continued, “This freeze can have serious consequences for the public. Public broadcasters — who have already spent money to upgrade their infrastructure — may face financial challenges without promised reimbursements. They may have to delay or cancel projects intended to make their stations more resilient, potentially preventing them from communicating emergency alerts to the public when the next hurricane, wildfire, or winter storm strikes. To put it simply: this funding freeze is unnecessarily threatening public safety. Given the importance of this funding, we urge FEMA to immediately reopen the payment processing system and continue processing NGWS grant reimbursements.”

    MIL OSI USA News

  • MIL-OSI Europe: Minister highlights key foreign policy milestones and sets future direction

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Statements by M. Jean-Noël Barrot, Minister for Europe and Foreign Affairs, at his hearing before the National Assembly Foreign Affairs Committee (excerpts) (April 2, 2025)

    (…)

    Thank you for giving me the opportunity to outline the diplomatic track record of the first 100 days of François Bayrou’s government.

    UKRAINE

    The first point, unsurprisingly, relates to Europe’s strategic reawakening and Ukraine’s security. Just over a month ago we entered the fourth year of Russia’s war of aggression in Ukraine, which was a huge jolt for European nations. In recent weeks, as you’ve seen, we’ve made considerable progress towards what could be the resolution of this crisis and, more broadly, a European security architecture capable of deterring the threat for good.

    The Franco-British proposal for a one-month ceasefire in the air, at sea and on energy infrastructure was taken up by the Ukrainian President during his discussions with the United States, which, for its part, insisted on an immediate, complete and unconditional 30-day ceasefire. The Ukrainians, for whom this is a significant compromise, accepted it. (…)

    The Russians rejected the proposal, after suggesting they would abide by it. The situation is now clear: Russia is engaging in delaying tactics and wants to gain time. It hasn’t given up its territorial ambitions, it’s proceeding with further strikes on energy infrastructure, is continuing its war crimes and has even just launched the biggest conscription drive for 14 years – 160,000 young people expected to leave for the front. At this stage, it seems to me that Russia owes the United States, which is striving to lead the mediation, a clear response: yes or no.

    LEBANON

    The second point in our track record is support for Lebanon on the road to reconstruction. Although Lebanon was on the edge of the abyss, we managed to negotiate with our US partners a ceasefire that restored the country’s security and stability. It’s holding, despite the tensions, including the most recent ones. Israeli troops have withdrawn from 99% of the territories they had occupied.

    We’ve helped bring an end to a two-and-a-half-year vacancy for the head of State’s role. President Joseph Aoun was elected in January; he met President Macron in Paris on Friday 28 March. Prime Minister Nawaf Salam is working to give shape to the new hope for that country so close to France’s heart.

    We’ll continue to support its economic recovery and the restoration of a sovereign State by organizing an international conference dedicated to Lebanon’s reconstruction, in Paris this autumn. Between now and then, we’re advising Israel to enter into talks with Lebanon with a view to a definitive withdrawal from the five points it still occupies and the resolution of border disputes.

    SYRIA

    The third point in our record is our clear-sighted and conditional engagement with Syria following the fall of Bashar al-Assad’s criminal regime. We’ve chosen a demanding engagement with the new Syrian authorities, whose past we are aware of, with two goals: to foster a peaceful and inclusive political transition in keeping with Syria’s pluralism, guaranteeing respect for the rights of women and all communities; and to ensure that our security interests, particularly the fight against Islamist terrorism, the destruction of chemical weapons and an end to drug trafficking, are taken into account.

    This explains my visit to Damascus on 3 January and the organization of an international conference on Syria in Paris on 13 February. More recently, we encouraged the signing of an agreement on 10 March between the Damascus authorities and our Kurdish partners in the Syrian Democratic Forces (SDF), which have spearheaded the fight against Daesh in recent years, so that their rights and interests are taken into account in the Syrian transition and we can continue the fight against terrorism. We also ensured that the Organization for the Prohibition of Chemical Weapons (OPCW) can be deployed in Syria to destroy the regime’s stockpile of illegal chemical weapons.

    Our engagement is clear-sighted, demanding, conditional and reversible. We strongly condemned the massacres of Alawite civilians and let the Damascus authorities know that, in the absence of a fight against impunity, we shall not proceed with a lifting of sanctions.

    AFRICA

    The fourth point in the record is the renewal of our partnerships in Africa. At the end of November, the President of Nigeria was welcomed to Paris to strengthen our ties with the continent’s leading demographic power. It was the first state visit to France by an African head of State since 2017. In mid-January we hosted a state visit by the President of Angola, which took over the presidency of the African Union (AU) a month later.

    I personally have made several visits to sub-Saharan Africa: to the Sudanese border, to demonstrate our unfailing mobilization in the face of the world’s biggest humanitarian crisis; to Addis Ababa, headquarters of the AU, to revitalize, five years after the last session, our strategic dialogue with this new G20 member – because the AU has been admitted as a fully-fledged member; to Thiaroye in Senegal, to speak the truth about our shared history; to Johannesburg, to make France’s voice heard at the G20, whose presidency South Africa holds this year; and to Kinshasa and Kigali, to call on the Congolese and Rwandan heads of State to prioritize diplomacy rather than weapons.

    CHINA/TRADE

    Fifth point in the record: progress on trade negotiations in China. My visit last weekend was a first step towards resolving our dispute on Cognac and Armagnac. Before my visit to Beijing, the industry was under threat of an immediate imposition of definitive tariffs ranging from 34% to 39% on Cognac and Armagnac and the definitive closure of access to duty-free shops.

    The demanding dialogue we’ve been conducting has enabled us to maintain this access for goods that have already arrived in China and delay by three months any imposition of definitive tariffs. This significant reprieve allows us to continue this demanding dialogue with China in order to put this dispute behind us. Next step: high-level dialogue between the Economy and Finance Minister and his Chinese counterpart on 15 May.

    ARTIFICIAL INTELLIGENCE

    The sixth point in the record is the success of the Artificial Intelligence (AI) Action Summit, held in Paris in January with more than 100 countries. Co-chaired by France and India, whose prime minister paid an official visit to France on the occasion, it concluded with a statement tackling, for the first time, the challenges of AI in their entirety – environmental, social and democratic. We also managed to secure an announcement of private investment in France to the tune of €109 billion, to benefit our businesses and fellow citizens, which will be followed up with a €50-billion investment by the European Commission, testifying to France’s attractiveness when it comes to this promising technology.

    IRAN/FRENCH HOSTAGES

    The seventh point in the record is the release of several French hostages. On 17 March, after months of active efforts and four conversations with my counterpart, we secured the release of Olivier Grondeau. It was an especially moving moment, shared by the nation’s elected representatives during a tribute paid on 25 March to him and our two other compatriots, Jacques Paris and Cécile Kohler, who are still being held after more than 1,000 days.

    To free them, we’ll be stepping up the pressure on the Iranian regime. First of all, in the coming days, probably during the European Foreign Affairs Council on 14 April, we’ll be adopting additional European sanctions against those Iranians responsible for the state hostages policy. Secondly, given the unacceptable violations of our two compatriots’ right to consular protection, which are sadly just one aspect of their harsh conditions of detention, we’ll be lodging a complaint against Iran with the International Court of Justice, for violating the right to consular protection. (…)

    What makes our diplomacy strong is precisely that it has a more extensive arsenal than others, ranging from dialogue to sanctions, and that it uses it wisely, having learnt from decades and even centuries of French diplomatic successes.

    It’s this strength that I’ll be harnessing in the next 100 days to defend and promote French interests.

    GAZA

    The first area on which we’re focusing efforts is the search for a lasting political solution in Gaza. We’re working for a permanent ceasefire enabling the release of all the hostages and the massive delivery of humanitarian aid, blocked for several weeks, to the civilian population, who are in a tragic situation. We’re convinced that there’s no military solution to the Israeli-Palestinian conflict. In particular, annexation, the forced displacement of people, and settlement activity are a dead end and a threat to the security of Israel itself.

    We’ll continue to work to find the path to a lasting political solution. In Gaza, we support the Arab plan, which proposes a reconstruction framework and credible security guarantees. It aims to establish a new Palestinian governance, in which Hamas must in no way take part. Outside Gaza, we’ll continue working with our Saudi partners, co-chairing an international conference at the United Nations headquarters in New York in the summer, aimed at restoring the prospect of a two-State solution, which alone guarantees peace and security to the Israelis and Palestinians.

    SUDAN

    The second area we’re focusing on concerns the crisis in Sudan, the world’s biggest humanitarian crisis in terms of its scale – 26 million children, women and men in a situation of absolute humanitarian distress. 15 April will mark the second anniversary of the conflict.

    In 2024 we hosted a major international conference on support for Sudan and the neighbouring countries, which raised more than €2 billion in humanitarian commitments. On 15 April I’ll be visiting London for the second conference, co-organized with the United Kingdom, Germany, the European Union and the AU. We’ll review the commitments made last year and call on those involved to shoulder their responsibilities, to ensure that the conflict does not see a third anniversary.

    DRC/RWANDA

    The third area of work concerns diplomatic and humanitarian support in the Great Lakes region. We’re making active efforts to find a diplomatic solution to the crisis tearing apart the eastern DRC, where Rwandan troops are deployed supporting the rebel group M23, in breach of Congolese sovereignty.

    We’re pursuing this goal at several levels: bilaterally, President Macron is in close contact with his two counterparts and the region’s leaders; at the level of the European Union, which recently adopted new individual measures against military leaders from Rwanda and the M23 rebel group; and at the UN, where we played a key role and got the Security Council to adopt a historic resolution at the end of February, unanimously condemning the presence of Rwandan troops in the eastern DRC.

    We’re also in contact with African mediators, who are working on the front line to secure a political resolution to the crisis – i.e. in practical terms, a lasting and mutually-agreed ceasefire and a resumption of negotiations. It’s a matter of urgency. The whole region’s stability is at stake, and the conflict has already led to the displacement of nearly a million people since the beginning of the year, and several thousand deaths. It’s the world’s second most serious humanitarian crisis. So I’ve decided, regardless of the budgetary constraints, to increase our humanitarian support package by €5.5 million.

    IRAN/NUCLEAR PROGRAMME

    Our fourth area of work concerns the search for a binding agreement on Iran’s nuclear programme. Despite the setbacks it has suffered in recent months – the heavy defeat of Hezbollah in Lebanon, the fall of Bashar al-Assad’s regime, Israel’s aerial attack on its territory, a disastrous economic situation – Iran is continuing an agenda of destabilization, raising the stakes in its nuclear programme, which is reaching unprecedented levels, continuing its support for groups that destabilize the region such as the Houthis, supporting Russia’s war in Ukraine by delivering drones and missiles, and a policy of state hostages.

    Ten years after the conclusion of the Joint Plan of Action (JPoA), we remain convinced that Iran must never obtain a nuclear weapon. Our priority is to achieve an agreement that restricts its nuclear programme in a lasting and verifiable way. The window of opportunity is narrow: we have only a few months before the expiry of the JPoA, secured in particular thanks to French negotiators, to whom I pay tribute. In the event of failure, a military confrontation would become all but inevitable. Its cost would be very high, in that it would very badly destabilize the region. We’ve been doing everything to prevent that, for the past 10 years.

    ALGERIA

    Fifthly, we’re focusing our efforts on opening up diplomatic space with Algeria. The tensions between us, which we didn’t cause, serve neither its interests nor ours. We must reduce them rigorously and with honesty, without weakness. That was the approach behind the Prime Minister’s convening of an interministerial meeting on immigration control providing for a re-examination of the agreements reached between the two countries.

    The telephone conversation between President Macron and his Algerian counterpart reopened a diplomatic space allowing the crisis to be resolved. We intend to take advantage of it to achieve results, in the interests of French people, as regards cooperation on migration, justice, security, the economy and remembrance. The two heads of State decided on some principles. They must now find a way to implement them. On Sunday I’ll be visiting Algiers for this. Other ministerial, and no doubt parliamentary, visits will follow.

    WESTERN BALKANS

    Sixth area where we’re focusing our efforts: the Western Balkans. Exactly 30 years ago, the region was in the grip of a very high-intensity war, right at the heart of the European continent, less than 2,000 kilometres from France. In Serbia, the authorities are facing unprecedented public unrest. The negotiations conducted for several months between President Vucic and the demonstrators have made it possible to announce the formation of a new government in the next few weeks, which is a first step towards calming down the situation. Last Saturday, during a conversation, President Macron had the opportunity to encourage him to move further along that path.

    In Bosnia and Herzegovina, since an arrest warrant was issued against him, the President of Republika Srpska, Milorad Dodik, is stepping up his secessionist initiatives, which we have systematically condemned. We gave our consent to a strengthening of the European ALTHEA force, which is under French command, by some 600 additional personnel, so that it could be in a position to calm down the situation if it became toxic. (…)

    We’re focusing on the European Political Community summit being held in Tirana on 16 May, providing President Macron with the opportunity to hold meetings with the authorities in the countries of the region – both the ones gripped by the crisis and those which, on the contrary, are making good progress on their pathway to the European Union, particularly Albania and Montenegro.

    ARMENIA/AZERBAIJAN

    The seventh area on which we’re focusing efforts is the Caucasus, particularly with our support for Armenia. We welcomed the conclusion of negotiations on the peace treaty between Armenia and Azerbaijan. Nothing stands now in the way of it being signed, which I hope will take place as soon as possible. France will continue to unfailingly support Armenia’s resilience and sovereignty. The determination of Nikol Pashinyan’s government to stay on the path of independence, democracy and peace is remarkable, especially as Russia is not hiding its hostility.

    In this context, we are closely following the trial of the Armenians of Nagorno-Karabakh, which began on 17 January at the Baku Military Court. We are being very vigilant as regards the concerns expressed by human rights organizations about the fairness of trials and the treatment of defendants. We call for the release of all prisoners held arbitrarily in Azerbaijan and would like the normalization process between the two countries to allow the issue of prisoners and detainees to be resolved.

    UN OCEAN CONFERENCE

    Our eighth area of work concerns the organization of the third United Nations Ocean Conference (UNOC) in Nice in June. A highlight of our international calendar, 10 years after the conclusion of the Paris climate agreement, it’s set to be its equivalent for the oceans. We’re aiming at several outcomes – one of them is being debated in the Chamber at this very moment – including the entry into force of the international treaty for the protection of the high seas and marine biodiversity, which requires it to be ratified by 60 signatory States. We’ve got to about 20. We’re making active efforts at every level, including that of your committee through Éléonore Caroit, whom I thank. We’ll be opening a ratification office in Nice during UNOC, to encourage countries that are delaying to submit their ratification instruments.

    Allow me to say a word about the two main projects to transform the Ministry.

    INFORMATION WAR

    The first concerns rearmament in the face of the information war. In 2024 France was the European Union country most targeted by foreign interference, with 152 of the 505 cases detected in Europe between November 2023 and November 2024. That year, 2024, saw a great deal of evidence that operations of influence, particularly Russian ones, were being conducted against our civilian population. France has assets to defeat this, but must invest more in informing French people. More broadly, it must not only beef itself up to defend itself but also reinvent itself to make its voice heard, at a time when the information space has become fragmented.

    FOREIGN MINISTRY AND THE PUBLIC

    The second transformation project consists in focusing the Ministry for Europe and Foreign Affairs more on French people and creating through this key State ministry – which is probably one of those least known by our compatriots – a link between diplomacy and nation such as that between the army and the nation. What happens beyond our borders has probably never had so much impact on our compatriots’ daily lives, and both you and I saw during scrutiny of the budget an insufficient understanding of the work we do in parliamentary and ministerial diplomacy to serve our compatriots.

    This transformation project is very far-reaching and affects every dimension of our action. It’s about better assessing and developing the response the Ministry provides to French people’s concerns, for example in terms of employment, the ecological transition, health and immigration. It’s about activating links with French people by supporting economic diplomacy and decentralized cooperation – local authorities are the Ministry’s chief partner. It’s about taking resolute action, with elected representatives of the regions, departments and cross-border communities, to finally remove the many irritants facing the millions of our compatriots who have daily experience of the border. It’s about increasing the number of visits by the Minister within France, which is not customary but seems important in the period we are going through, because our compatriots are worried about what is happening abroad and need to be given some control. Finally, it’s about opening the Quai d’Orsay right up and increasing the number of visits there so that people can properly understand the professions of the diplomatic service, how it can change our compatriots’ lives and why it’s so useful on a daily basis. (…)./.

    MIL OSI Europe News

  • MIL-OSI USA: ICYMI: Crime dropped significantly last year, according to early data

    Source: US State of California 2

    Apr 15, 2025

    What you need to know: Preliminary data suggests property and violent crimes in California were down in 2024.

    Sacramento, CaliforniaAs the state continues to invest in the safety and security of California communities, new data suggests violent and property crime trended down in 2024 statewide. According to an analysis of Real Time Crime Index data by the Public Policy Institute of California, violent crime dropped by 4.6% and property crime dropped by 8.5% in 2024, compared to 2023.

    Through preliminary data for 29 of California’s law enforcement agencies, robberies decreased by 5.2% and aggravated assaults went down by 3.9%. In addition, robbery and homicides in 2024 also dropped by 12.5% and 5.9%, respectively. There was a large decrease for vehicle theft – an 11.9% drop – in 2024. Burglary and larceny also went down by 13.6% and 18.6%, respectively, compared to pre-pandemic levels. 

    Overall, the decreases in violent and property crimes in California were similar to those seen by law enforcement agencies in other states – property crime went down by 8.5% in California and 8.4% elsewhere. 

    Stronger enforcement. Serious penalties. Real consequences.

    California has invested $1.1 billion since 2019 to fight crime, help local governments hire more police, and improve public safety. In 2023, as part of California’s Public Safety Plan, the Governor announced the largest-ever investment to combat organized retail crime in state history, an annual 310% increase in proactive operations targeting organized retail crime, and special operations across the state to fight crime and improve public safety.

    As part of the state’s largest-ever investment to combat organized retail crime, Governor Newsom announced last year the state distributed $267 million to 55 communities to help local communities combat organized retail crime. These funds have enabled cities and counties to hire more police, make more arrests, and secure more felony charges against suspects. 

    Saturating key areas 

    Working collaboratively to heighten public safety, the Governor tasked the California Highway Patrol (CHP) to work with local law enforcement areas in key areas to saturate high-crime areas, aiming to reduce roadway violence and criminal activity in the area, specifically vehicle theft and organized retail crime. Since the inception of this regional initiative, there have been nearly 6,000 arrests, about 4,500 stolen vehicles recovered and nearly 300 firearms confiscated across Bakersfield, San Bernardino and Oakland.

    Cracking down on retail theft 

    In addition, spearheaded by the CHP, the Organized Retail Crime Task Force since 2019 has been involved in over 3,600 investigations, leading to the arrest of more than 4,000 suspects and the recovery of over 1.3 million stolen goods valued at nearly $54 million. Most recently, Governor Newsom announced a strong start to 2025 operations, with 136 retail theft investigations leading to 209 arrests while recovering 24,510 stolen items worth an estimated nearly $2.2 million.

    Last August, Governor Newsom signed into law the most significant bipartisan legislation to crack down on property crime in modern California history. Building on the state’s robust laws and record public safety funding, these bipartisan bills offer new tools to bolster ongoing efforts to hold criminals accountable for smash-and-grab robberies, property crime, retail theft, and auto burglaries. While California’s crime rate remains near historic lows, these laws help California adapt to evolving criminal tactics to ensure perpetrators are effectively held accountable.

    California law provides existing robust tools for law enforcement and prosecutors to arrest and charge suspects involved in organized retail crime — including up to three years of jail time for organized retail theft. The state has the 10th toughest threshold nationally for prosecutors to charge suspects with a felony, $950. 40 other states — including Texas ($2,500), Alabama ($1,500), and Mississippi ($1,000) — require higher dollar amounts for suspects to be charged with a felony.

    Recent news

    News What you need to know: With one of the state’s leading climate programs – cap-and-trade – set to expire in 2030, Governor Newsom, Senate President pro Tempore Mike McGuire and Assembly Speaker Robert Rivas announced they would seek an extension of the program….

    News What you need to know: Governor Newsom extended an executive order from January barring predatory investors from making unsolicited undervalued property offers to families in areas impacted by the Los Angeles area firestorms. LOS ANGELES — Governor Gavin Newsom…

    News What you need to know: California is launching a new campaign to further strengthen tourism between California and Canada — reminding its international partners that the Golden State remains a welcoming, inclusive, and unparalleled travel destination. SACRAMENTO…

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom, Legislature double down on state’s critical cap-and-trade program in face of federal threats

    Source: US State of California 2

    Apr 15, 2025

    What you need to know: With one of the state’s leading climate programs – cap-and-trade – set to expire in 2030, Governor Newsom, Senate President pro Tempore Mike McGuire and Assembly Speaker Robert Rivas announced they would seek an extension of the program.

    SACRAMENTO – Governor Gavin Newsom, Senate President pro Tempore Mike McGuire and Assembly Speaker Robert Rivas announced today they will seek an extension of California’s nation-leading climate pollution reduction program – known as cap-and-trade – during this legislative year. 

    The program is currently set to expire in 2030, and requires extension by the Legislature. As the Governor noted in his proposed budget, extending the program this year can provide the market with greater certainty, attract stable investment, further California’s climate leadership and set the state on a clear path to achieve its 2045 carbon-neutrality goal.

    Today’s announcement comes as the Trump Administration threatens deep cuts to federal environmental programs and attempts to derail state climate efforts with a “glorified press release masquerading as an executive order.”

    California must continue to lead on reducing pollution and ensuring our climate dollars benefit all residents. That’s why we’re doubling down on cap-and-trade: one of our most effective tools to cut emissions and create good-paying jobs.

    In just the last decade, cap-and-trade has invested billions of dollars in projects by holding polluters accountable – helping clean our air, protect public health and propel new careers.

    Cap-and-trade is a huge success and, working together, we’ll demonstrate real climate leadership that will attract investment and innovation to deliver the technologies of tomorrow, right here in California.

    Governor Gavin Newsom, Senate President pro Tempore Mike McGuire and Assembly Speaker Robert Rivas

    The cap-and-trade program is the state’s leading climate program – proposed by Republican Governor Arnold Schwarzenegger and adopted under a law he signed in 2006 – that holds carbon polluters accountable by charging them for emitting more carbon pollution than allowed. The funds raised are then put to use across the state on projects and programs that help clean the air, protect public health, reduce reliance on fossil fuels, conserve nature, and more. The funds are also delivered directly back to Californians in the form of the California Climate Credit, a credit applied to utility bills twice a year. 

    As of last year, the program had funded $28 billion in investments across the state in the last decade and cut carbon emissions equivalent to taking 80% of the state’s cars off the road. Since 2000, the state has cut carbon emissions by 20% while California’s GDP has increased by 78%. 

    Details of the Governor’s proposal for the cap-and-trade extension will be shared in the coming weeks. 

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  • MIL-OSI Security: Cooperation of joint investigation team into crimes against Ezidi victims in Syria and Iraq leads to first two convictions

    Source: Eurojust

    With Eurojust’s support, the JIT was set up in October 2021 by the judicial authorities of Sweden and France, with Belgium joining in October 2022 and the Netherlands in June 2023. The main aim of this judicial cooperation is to identify FTFs linked to ISIL (Da’esh) who have returned from Syria or Iraq and were involved in core international crimes, mainly perpetrated against Ezidi victims. Core international crimes are crimes such as genocide, war crimes and crimes against humanity.

    The Netherlands had its first conviction for crimes against the Ezidi in December 2024. A Dutch citizen was convicted of crimes against humanity for the enslavement of a female Ezidi victim, participation in ISIL (Da’esh), promoting crimes with a terrorist objective and abandoning the victim’s son in a helpless position in a war zone. She was sentenced to ten years’ imprisonment and identified through the work of the JIT.

    Recently, a Swedish citizen was sentenced to twelve years imprisonment for genocide, crimes against humanity and war crimes, committed against nine Ezidi victims. Six of the victims were children under the age of seven. The extensive cooperation through the JIT proved to be crucial for this conviction in Sweden.

    In 2026, a French citizen might be tried on charges of genocide and crimes against humanity.

    Based on the principle of universal jurisdiction, EU Member States can start investigations into core international crimes committed outside their own territory. Such cases are actively supported and coordinated by Eurojust and the Genocide Network Secretariat (GNS), which the Agency hosts.

    With the financial and operational support of Eurojust, the JIT partners and investigating judicial authorities from Germany, United Kingdom, United States, Canada and Australia fully intend to continue the investigations into crimes against Ezidi victims committed by ISIL (Da’esh). However, they stress the need to receive adequate information and analytical support.

    In view of this, they regret the closure of the United Nations Investigative Team to Promote Accountability for Crimes Committed by Da’esh/Islamic State in Iraq and the Levant (UNITAD), which ceased its activities in September 2024. With the conclusion of UNITAD’s mandate, information from its database, which is highly relevant to the work of the JIT, has been transferred to the United Nations headquarters. Unfortunately, they have limited capacity to respond to requests for access from national authorities.

    Leading Swedish prosecutor and co-founder of the Eurojust-supported JIT, Ms Reena Devgun, stated: Unfortunately, the closure of UNITAD has slowed down the investigations of the joint investigation team. However, all its members hope that the UNITAD archive will be made easily accessible again soon to all practitioners who investigate core international crimes against Ezidi victims. This is of prime importance to continue their work to end impunity for these atrocities.

    The work of the JIT is also actively supported by the International, Impartial and Independent Mechanism to assist in the investigation and prosecution of persons responsible for the most serious crimes under international law committed in the Syrian Arab Republic (IIIM). Eurojust remains fully at the disposal of the JIT partners to assist with the coordination and support of investigations.

    For further information:

    Belgium and Netherlands sign up to joint investigation team targeting crimes against Yezidi victims in Syria and Iraq (26 June 2023)

    Support to joint investigation team of Sweden and France targeting crimes against Yezidi victims in Syria and Iraq (7 January 2022)

    MIL Security OSI

  • MIL-OSI Europe: Written question – Billions of euro in cash sent from EU banks to Russia before the full-scale invasion of Ukraine – E-001344/2025

    Source: European Parliament

    Question for written answer  E-001344/2025
    to the Commission
    Rule 144
    Tomáš Zdechovský (PPE)

    According to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and Süddeutsche Zeitung, Western banks – particularly those based in Germany and Austria – transferred billions of euro in cash to Russia in the period immediately preceding Russia’s full-scale invasion of Ukraine in February 2022. Deutsche Bank alone is reported to have sent over EUR 2 billion in cash to Russia in 2022. These transfers, allegedly driven by the demand of Western companies for Russian roubles, may have contributed to stabilising the Russian economy and currency just as the EU was imposing sweeping sanctions on Moscow.

    Given that the EU has maintained a sanctions regime against Russia since 2014, and that it significantly strengthened this following the 2022 invasion, these transfers give rise to serious concerns about their compatibility with both the letter and the spirit of EU sanctions.

    I therefore ask:

    • 1.Was the Commission informed in advance about these cash transfers to Russia, and does it consider them compatible with the EU sanctions framework?
    • 2.Has the Commission investigated whether these transfers may have helped the Russian Government finance military operations or circumvent EU financial sanctions?
    • 3.What measures does the Commission intend to take to prevent future sanctions circumvention through legal but highly problematic financial operations?

    Submitted: 2.4.2025

    Last updated: 15 April 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Evaluation of EU aid granted to Kosovo – E-002532/2024(ASW)

    Source: European Parliament

    Since 2014, the Instrument for Pre-accession[1] (IPA II and IPA III) provided EUR 125.5 million for supporting the sector of rule of law and fundamental rights. Programming of IPA 2025-2027 is ongoing.

    The Commission has developed a standard set of tools to monitor the implementation and effectiveness of EU assistance, including in the area of rule of law, for example through daily contacts with Kosovo[2] authorities and contractors through the EU Office on the ground.

    The EU Rule of Law Mission in Kosovo also supports specifically rule of law institutions in Kosovo on their path towards increased independence, effectiveness, sustainability, multi-ethnicity and accountability, in line with international human rights standards and best European practices.

    In addition, the Commission’s external monitoring system, the Results-Oriented Monitoring[3] (ROM), provides external independent assessment of the progress achieved with the EU assistance, and reinforces the practice of results-based management in EU external action operations, as part of the Commission’s commitment to support effectiveness and accountability.

    In the last 10 years, 75 ROM exercises were conducted, leading to numerous recommendations having been addressed, including in the area of rule of law.

    The IPA Monitoring Committee, the highest-level EU-Kosovo dialogue on EU assistance, regularly discusses the progress on EU assistance for each sector and globally.

    It results in recommendations that the beneficiary country has to address; the progress is reviewed at the following meeting. Strategic evaluation of the EU financial assistance in Kosovo was launched in 2024 and the report is expected to be published in 2025.

    • [1] https://enlargement.ec.europa.eu/enlargement-policy/overview-instrument-pre-accession-assistance/kosovo-financial-assistance-under-ipa_en
    • [2] This designation is without prejudice to positions on status, and is in line with United Nations Security Council Resolution 1244/1999 and the International Court of Justice Opinion on the Kosovo declaration of independence
    • [3] https://capacity4dev.europa.eu/groups/rom/info/what-results-oriented-monitoring_en

    MIL OSI Europe News

  • MIL-Evening Report: US-China trade war leaves NZ worse off, but still well placed to weather the storm – new modelling

    Source: The Conversation (Au and NZ) – By Niven Winchester, Professor of Economics, Auckland University of Technology

    Getty Images

    Forecasting the potential impact of Donald Trump’s turbulent tariff policies is a fraught business – and fraught for business. The United States president has changed, paused and exempted various categories of goods so often, the only certainty is uncertainty.

    On “Liberation Day” (April 2) he famously announced far-reaching “reciprocal tariffs” on imports from most trading nations. Since then he has paused those tariffs, but kept 25% on imports of steel, aluminium and motor vehicles, and 10% “baseline” tariffs on all other imports.

    The big exception is China, whose retaliation against the reciprocal US tariffs has resulted in an escalating trade war between the world’s two largest economies.

    On April 9, the US raised tariffs on Chinese goods to 145%, but later scaled back duties on electronic goods such as laptops and smartphones to 20%. On April 12, China increased its tariff on US goods to 125%.

    With China being New Zealand’s largest trade partner by far, and the US its third largest (just behind Australia), the impacts of this global standoff will be indirect but nevertheless significant.

    GDP impacts of a trade war

    To estimate the impacts of a US-China trade war, as well as other tariffs imposed by the US, I use the same global model of production, trade and consumption of goods and services employed to recently calculate the impacts of the Liberation Day tariffs.



    As we can see, China and the US both lose from the tariff war. China’s GDP decreases by US$114 billion (0.58%), which equates to $236 per household per year on average. US GDP declines by $76 billion (0.25%) or $604 per household (all figures in US$).

    The tariffs all but eliminate trade in goods between China and the US, except for electronic goods exported from China, which are subject to a lower tariff (for now).

    Vietnam and India gain from the trade war because they produce many goods that substitute for Chinese products in the US market.

    The trade war will affect New Zealand in at least three ways:

    • as the two nations buy less from each other, there is room for other nations to expand their exports to these markets

    • decreased incomes in China and the US will reduce global demand for all goods

    • and the tariffs will increase the costs of global supply chains.

    The net effect is a 0.03% decrease in New Zealand’s GDP, equivalent to $70 million or $36 per household per year (roughly NZ$120 million and NZ$60 respectively).

    Reshaping of the world economy

    The simulations do not capture the impact of uncertainty caused by Trump’s frequent and abrupt changes in tariffs, carve-outs and clarifications (sometimes announced via social media).

    The global US Trade Policy Uncertainty Index, last updated before the Liberation Day tariffs, is at a record high – 29 times higher than before the 2024 presidential election. This unprecedented uncertainty, coupled with the risk of high tariffs, is making exporters increasingly reluctant to commit to the US market.

    The US currently accounts for 26.3% of global GDP. With higher future growth in many developing economies, especially in Asia, this is forecast to fall to 16.3% by 2050.

    China is predicted to supplant the US as the world’s largest economy sometime in the 2030s, and by 2050 to account for 18.4% of global GDP (up from 16.9%).

    India’s global GDP share is expected to increase significantly, from its current value of 3.7% to 9.7%. Indonesia and Philippines are also expected to grow rapidly.

    New Zealand signed a free trade agreement with China in 2008 (and an upgrade to the agreement in 2022), has begun negotiations for one with India, and has regional agreements with many other rapidly developing Asian economies.

    It remains to be seen whether Trump’s rollout of high tariffs signals a lasting policy shift or is merely a negotiating tactic to secure more favourable terms for US exporters. But New Zealand is well placed to pivot to alternative markets if needed.

    Niven Winchester has previously received funding from the Productivity Commission and the Ministry of Foreign Affairs and Trade to estimate the impacts of potential trade policies. He is affiliated with Motu Economic & Public Policy Research.

    ref. US-China trade war leaves NZ worse off, but still well placed to weather the storm – new modelling – https://theconversation.com/us-china-trade-war-leaves-nz-worse-off-but-still-well-placed-to-weather-the-storm-new-modelling-254469

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: OP-ED: Seizing opportunities for Alaska with the Trump administration

    US Senate News:

    Source: United States Senator for Alaska Dan Sullivan
    04.14.25
    I recently delivered my annual address to the Legislature in Juneau. I spoke about the success we’ve had in continuing our military build-up, including the possibility of re-opening the U.S. Navy base in Adak, to counter the unprecedented number of Russian and Chinese incursions near our air and waters.
    I spoke about our veterans and how we’re continuing to work to make sure they get the benefits they have earned. We’ve also passed significant legislation, the Social Security Fairness Act, to ensure that our other outstanding public servants — like teachers, firefighters, police officers — get the Social Security benefits they have earned. I spoke about our focus on making aviation safer, and the work we’re doing to help our hard-working fishermen and coastal communities, all of whom have experienced very rough times recently.
    But the heart of my speech centered on two visions for Alaska that have existed since statehood. One sees our state more run by an absent federal landlord who seeks to protect us and occasionally gives us scraps from the wealth of America’s table to keep us happy. This arrogant federal landlord view of Alaska reached its zenith under President Biden with his “Last Frontier lock-up” — 70 executive orders and actions exclusively focused on shutting down Alaska’s private sector economy, harming working families, and killing hundreds if not thousands of jobs.
    The other vision, which I believe most Alaskans support, envisions unlocking the wealth of Alaska to create sustainable, private sector economic growth and good-paying jobs. With the stroke of a pen on his first day in office, President Trump fully endorsed this vision by issuing an Alaska-specific executive order that undoes much of the Biden lock-up and sent an unmistakable message that unleashing Alaska’s extraordinary resources and growing our economy is a top priority of his administration.
    I encourage all Alaskans to read the EO, understand it, and most importantly, work to use it for the betterment of Alaskans. This executive order could help us achieve many of the big, long-sought ambitions in our state and create thousands of good-paying jobs.
    To be clear, this EO is not a panacea. But we are the only state in the country that got one. Alaska has never seen such a positive signal directly from a U.S. president that we should pursue our vision of a state that seeks private sector wealth and job creation with a federal government that is a partner in opportunity, not a hostile opponent.
    As I was delivering my speech in Juneau, the Interior Department released another order lifting the decades-obsolete Public Land Order 5150, long used to hinder major resource projects in our state. This order puts ANWR and NPR-A back on the table for responsible development and enables the State of Alaska to select lands along the Dalton Highway corridor for conveyance, including the land beneath the Trans-Alaska Pipeline, something Alaskans have been trying to get done since the 1970s.
    We’ve also seen major progress on a dream that has eluded our grasp for decades — the Alaska LNG project. As a state and federal official, I’ve been working on this project for over 15 years. I understand there is skepticism. We have been hearing about this for decades. But the potential transformative benefits for our state are so huge, and the geostrategic imperative for America and our Asian allies so compelling, that my team and I have, for years, kept ramming our shoulders into the cement wall of Alaska LNG, hoping someday that this wall would give way.
    As of late, a crack has developed — an 800-mile crack in this wall that shows undeniable progress.
    After the November election, I met with President Trump and pitched him and his team on the huge benefits of this project for America. I asked the president for his full backing, and we’ve gotten it.
    In his recent meeting with the Japanese Prime Minister, President Trump pressed him on the Alaska LNG project. And last month in his address to Congress, President Trump said:
    “My administration is also working on a gigantic natural gas pipeline in Alaska—among the largest in the world—where Japan, South Korea, and other nations want to be our partner with investments of trillions of dollars each. There’s never been anything like that one. It will be truly spectacular.”
    None of this progress happens by accident. I worked closely with Gov. Dunleavy and our teams to secure these actions.
    But we’re pushing on an open door. The Trump administration wants to help Alaska.
    In the past week, I’ve had productive discussions with President Trump, Treasury Secretary Scott Bessent and other members of Trump’s cabinet on prioritizing the Alaska LNG project and, in particular, long-term Alaska LNG off-take agreements from countries like Japan, South Korea and Taiwan in their tariff agreement negotiations. Both Trump and Bessent have stated that this is one of their goals in these negotiations.
    In my speech, I respectfully asked our state legislators to find creative ways to build on this unprecedented momentum we’re seeing at the federal level for the Alaska LNG project, not stop it. To the naysayers and pessimists, I asked, what is the alternative for Alaskans? Importing gas from Canada or Mexico? If we do, energy prices are going to double or triple for our homes, businesses, schools, and hospitals. Low-cost energy will be closed for a generation, and the good-paying jobs and possibilities that go with the Alaska LNG project will flee our state — and so will our kids.
    To be clear, I don’t agree with everything the Trump administration has done, particularly some of the DOGE actions in Alaska.
    But difficult choices have to be made. Our $36 trillion national debt is at a dangerous and unsustainable level. Last year, we paid out more in interest on this debt — upwards of $950 billion — than we did to fund our military at about $870 billion. When you look at history, great powers begin to fail when they hit this precarious inflection point. These debt and spending levels also drive high inflation rates as we’ve seen over the past few years, which remain the top concern of Alaska families.
    I’ve spoken directly with DOGE and Trump administration leaders regularly on this effort. They know that some mistakes will be made, and they want to work with us to correct them. We have had some successes reversing or preventing certain actions — on things like GSA leases and frozen federal funding on numerous projects across our state — particularly if they undermine the President’s Alaska-specific EO to unleash Alaska’s economy.
    But it’s vital that we Alaskans not forget the bigger picture. We have opportunities like never before to grow our state’s economy, create thousands of good-paying jobs and permit and build our long-sought projects. Imagine what we could achieve with a nearly inexhaustible supply of our own affordable natural gas for the whole state. Imagine the private sector opportunities that could start here — a manufacturing base, thousands of good-paying jobs, a steady source of income for many years to come to our state’s coffers.
    We can’t lose sight of the vision arising from our frontier heritage. This vision built our state and is still brimming with strength, invention, energy, and opportunity.
    By:  Sen. Dan SullivanSource: Anchorage Daily News

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