Category: Europe

  • MIL-Evening Report: UNESCO grants World Heritage status to Khmer Rouge atrocity sites – paving the way for other sites of conflict

    Source: The Conversation (Au and NZ) – By Rachel Hughes, Associate Professor of Geography, The University of Melbourne

    A series of atrocity sites of the Khmer Rouge regime in Cambodia have been formally entered onto the World Heritage list, as part of the 47th session of the World Heritage Committee.

    This is not only important for Cambodia, but also raises important questions for atrocity sites in Australia.

    Before this, the World Heritage list only recognised seven “sites of memory” associated with recent conflicts, which UNESCO defines as “events having occurred from the turn of the 20th century” under its criterion vi. These sat within a broader list of more than 950 cultural sites.

    In recent years, experts have intensely debated the question of whether a site associated with recent conflict could, or should, be nominated and evaluated for World Heritage status. Some argue such listings would contradict the objectives of UNESCO and its spirit of peace, which was part of the specialised agency’s mandate after the destruction of two world wars.

    Sites associated with recent conflicts can be divisive. For instance, when Japan nominated the Hiroshima Peace Memorial, both China and the United States objected and eventually disassociated from the decision. The US argued the nomination lacked “historical perspective” on the events that led to the bomb’s use. Meanwhile, China argued listing the property would not be conducive for peace as other Asian countries and peoples had suffered at the hands of the Japanese during WWII.

    Heritage inscriptions risk reinforcing societal divisions if they conserve a particular memory in a one-sided way.

    Nonetheless, the World Heritage Committee decided in 2023 to no longer preclude such sites for inscription. This was done partly in recognition of how these sites may “serve the peace-building mission of UNESCO”.

    Shortly after, three listing were added: the ESMA Museum and Site of Memory, a former clandestine centre for detention, torture and extermination in Argentina; memorial sites of the Rwandan genocide at Nyamata, Murambi, Gisozi and Bisesero; and funerary and memory sites of the first world war in Belgium and France.

    A number of legacy sites associated with Nelson Mandela’s human rights struggle in South Africa were also added last year.

    Atrocities of the Khmer Rouge

    The recently inscribed Cambodian Memorial Sites include prisons S-21 (now known as Tuol Sleng Genocide Museum) and M-13, as well as the execution site Choeung Ek.

    These sites were nominated for their value in showing the development of extreme mass violence in relation to the security system of the Khmer Rouge in 1975–79. They also have value as places of memorialisation, peace and learning.

    The Khmer Rouge developed its methods of disappearance, incarceration and torture of suspected “enemies” during the civil conflict of 1970–75. It established a system of local-level security centres in so-called “liberated” areas.

    One of these centres was known as M-13, a small, well-hidden prison in the country’s rural southwest. A man named Kaing Guek Eav – also called Duch – was responsible for prisoners at M-13.

    Shortly after the entire country fell to the Khmer Rouge in April 1975, Duch was assigned to lead the headquarters of the regime’s security system: a large detention and torture centre known as S-21.

    Under his instruction, tens of thousands of people were detained in inhumane conditions, tortured and interrogated. Many detainees were later taken to the outskirts of the city to be brutally killed and buried in pits at a place called Choeung Ek.

    The sites operated until early 1979, when the Khmer Rouge was forced from power.

    The S-21 facility and the mass graves at Choeung Ek have long been memorialised as the Tuol Sleng Genocide Museum and the Choeung Ek Genocidal Centre.

    However, the former M-13 site shows few visual clues to its prior use, and has only recently been investigated by an international team led by Cambodian archaeologist and museum director Hang Nisay. The site is on an island in a small river that forms the boundary between the Kampong Chhnang and Kampong Speu provinces.

    Further research, site protection and memorialisation activities will now be supported, with help from locals.

    From repression to reflection

    The Cambodian memorial sites have been recognised as holding “outstanding universal value” for the way they evidence one of the 20th century’s worst atrocities, and are now places of memory.

    In its nomination dossier for these sites, Cambodia drew on findings from the Khmer Rouge Tribunal to verify and link the conflict and the sites.

    In 2010, the tribunal found Duch guilty of crimes against humanity and grave breaches of the Geneva Conventions. Duch was sentenced to 30 years in prison (which eventually turned into life imprisonment). He died in 2020.

    While courts such as the International Criminal Court have previously examined the destruction of heritage as an international crime, drawing on legal findings to assert heritage status is an unusual inverse. It raises important questions about the legacies of former UN-supported tribunals and the ongoing implications of their findings.

    The recent listings also raise questions for Australia, which has many sites of documented mass killing associated with colonisation and the frontier wars that lasted into the 20th century.

    Might Australia nominate any of these atrocity sites in the future? And could other processes such as truth-telling, reparation and redress support (or be supported by) such nominations?

    The Conversation

    Rachel Hughes has consulted to UNESCO Cambodia.

    Maria Elander 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. UNESCO grants World Heritage status to Khmer Rouge atrocity sites – paving the way for other sites of conflict – https://theconversation.com/unesco-grants-world-heritage-status-to-khmer-rouge-atrocity-sites-paving-the-way-for-other-sites-of-conflict-260923

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: D. Trump said that the US will send Patriot missiles to Ukraine

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    LOS ANGELES, July 14 (Xinhua) — U.S. President Donald Trump said Sunday that the United States will send Patriot air defense systems to Ukraine to help bolster the country’s defenses against Russian attacks.

    Speaking to reporters at Joint Base Andrews in Maryland, Trump explained that the European Union would purchase the missiles from the United States and then deliver them to Ukraine.

    “We’re basically going to send them various pieces of very advanced military equipment. They’re going to pay us 100 percent for it, and that’s what we want,” the president said, without specifying how many Patriot systems would be provided.

    The American leader also said he plans to meet with NATO Secretary General Mark Rutte next week to discuss the Ukrainian issue and other urgent issues. –0–

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

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    MIL OSI Russia News

  • MIL-OSI Russia: Iran, UAE call for ensuring security in West Asia through participation of all countries in the region

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    TEHRAN, July 14 (Xinhua) — Iran and the United Arab Emirates (UAE) on Sunday stressed the need to ensure security in West Asia through the participation of all regional states, the semi-official Tasnim news agency reported.

    During a telephone conversation, Secretary of Iran’s Supreme National Security Council Ali Akbar Ahmadian and UAE National Security Adviser Sheikh Tahnoun bin Zayed Al Nahyan discussed regional issues, bilateral ties and Israeli-American “aggression” against Iran, the report said.

    A.A. Ahmadian praised the UAE’s condemnation of Israel’s military “aggression” against Iran, stressing that the security of the region’s countries is “interrelated” and requires the participation of all states in the region.

    “If the security of any country in the region is threatened by external risks, then this will challenge the entire region,” he added.

    A.A. Ahmadian also emphasized Iran’s principled policy of expanding relations with its neighbors.

    The UAE National Security Adviser also noted that all states in the region must guarantee the security of the region.

    “If the security of one regional state is threatened, it will negatively affect all other countries in the region,” he said.

    On June 13, Israel launched major airstrikes on several areas of Iran, including nuclear and military sites, killing senior commanders, nuclear scientists, and civilians. Iran responded with multiple missile and drone strikes on Israel, causing casualties and destruction.

    After 12 days of fighting, a ceasefire was reached between Iran and Israel on June 24. –0–

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

    .

    MIL OSI Russia News

  • MIL-OSI Russia: Hamas and Palestinian Islamic Jihad say peace talks must ensure Israeli withdrawal

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    GAZA, July 14 (Xinhua) — Hamas and Palestinian Islamic Jihad said Sunday that ongoing indirect talks with Israel should lead to an end to the war, a complete Israeli withdrawal from the Gaza Strip, opening of crossings and reconstruction.

    The remarks came during a meeting between the leaders of the two organizations at an unspecified location, according to a statement released by Hamas.

    The Hamas delegation was led by Hamas Shura Council Chairman Mohammed Darwish, while the Palestinian Islamic Jihad delegation was led by its Secretary General Ziad al-Nakhalah.

    “The two factions discussed developments in the ongoing internationally mediated talks and the Israeli side’s responses to the proposals presented to reach a ceasefire agreement,” the statement said.

    The statement stressed that any potential agreement must meet the aspirations of the Palestinians, including an end to the war that has led to human suffering and heavy civilian casualties.

    Indirect talks between Israel and Hamas in the Qatari capital Doha are entering a “critical and difficult phase,” a Hamas source said, warning that Israel’s “intransigence” could lead to the talks collapsing.

    A Hamas source said the two delegations had reviewed Israel’s responses, noting that the main obstacle to progress in the talks was Israel’s “intransigent position on the withdrawal maps.” -0-

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

    .

    MIL OSI Russia News

  • MIL-OSI: Ellomay Capital Ltd. Announces a Proposed Private Placement of Ordinary Shares to Israeli Institutional and Classified Investors for Approximately NIS 50 Million

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, July 14, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced that it received and accepted, following the approval of its Board of Directors, commitments from several Israeli institutional and classified investors to buy 926,000 ordinary shares of the Company in a private placement (the “Private Placement”). As a result of the Private Placement, an affiliate of Menora Mivtachim Holdings Ltd. (one of Israel’s largest institutional investors), which holds securities for the benefit of members of provident funds or pension funds, is expected to become an interested party in the Company, holding approximately 6% of the Company’s outstanding shares.

    The price per share in the Private Placement was set at NIS 54 (approximately $16.3) and the gross proceeds to the Company are expected to be approximately NIS 50 million. The price per share was determined on July 9, 2025. The closing price per share on July 8, 2025 and July 9, 2025 on the Tel Aviv Stock Exchange was NIS 56.88 and NIS 58.53, respectively. The Company intends to use the net proceeds from this offering for general corporate purposes.

    The closing of the Private Placement is subject to the receipt of regulatory approvals, which are expected to be obtained during July 2025.

    The Private Placement described in this report, if made, will be made in Israel only and not to U.S. persons. The ordinary shares, if sold, will not be registered under the U.S. Securities Act of 1933, as amended, and will not be offered or sold in the United States without registration or applicable exemption from the registration requirements according to the U.S. Securities Act of 1933. Nothing in this press release constitutes a public offering or an invitation to purchase the Company’s securities.

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and 51% of approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • 51% of solar projects in Italy with an aggregate capacity of 160 MW that commenced construction processes;
    • Solar projects in Italy with an aggregate capacity of 134 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are connected to the grid and additional 22 MW that are awaiting connection to the grid.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including inability to receive regulatory approvals, changes in electricity prices and demand, regulatory changes increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza and between Israel and Iran, the impact of the continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company, inability to obtain the financing required for the development and construction of projects, inability to advance the expansion of Dorad, increases in interest rates and inflation, changes in exchange rates, delays in development, construction, or commencement of operation of the projects under development, failure to obtain permits – whether within the set time frame or at all, climate change, and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network

  • MIL-OSI: Karolinska Development’s portfolio company Modus Therapeutics completes enrollment in part 1 of its phase 2a study with sevuparin

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN July 14, 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company Modus Therapeutics has completed patient enrollment on schedule to part 1 of its ongoing clinical phase 2a study with sevuparin, which is being evaluated as a treatment for patients with chronic kidney disease with anemia.

    Modus Therapeutics, listed on Nasdaq First North Growth Market, has successfully completed the patient enrollment for the initial part of its clinical phase 2a study. This part aims to evaluate the safety and established dosing levels of sevuparin in both patients with chronic kidney disease (stage 3-5) and healthy volunteers. The study, conducted across two leading nephrology centers in Italy, will guide optimal dosing for the next part of the phase 2a study, a proof-of-concept study set to evaluate the therapeutic potential following repeated dosing.

    “Reaching this milestone on schedule positions Modus well for the next important step in validating the therapeutic potential of sevuparin. We’re pleased to continue supporting them as they advance into the proof-of-concept part, representing a critical value inflection point for the program,” says Viktor Drvota, CEO, Karolinska Development.

    Karolinska Development’s ownership in Modus Therapeutics amounts to 66 percent.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com.

    Attachment

    The MIL Network

  • MIL-OSI: Karolinska Development’s portfolio company Modus Therapeutics completes enrollment in part 1 of its phase 2a study with sevuparin

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN July 14, 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company Modus Therapeutics has completed patient enrollment on schedule to part 1 of its ongoing clinical phase 2a study with sevuparin, which is being evaluated as a treatment for patients with chronic kidney disease with anemia.

    Modus Therapeutics, listed on Nasdaq First North Growth Market, has successfully completed the patient enrollment for the initial part of its clinical phase 2a study. This part aims to evaluate the safety and established dosing levels of sevuparin in both patients with chronic kidney disease (stage 3-5) and healthy volunteers. The study, conducted across two leading nephrology centers in Italy, will guide optimal dosing for the next part of the phase 2a study, a proof-of-concept study set to evaluate the therapeutic potential following repeated dosing.

    “Reaching this milestone on schedule positions Modus well for the next important step in validating the therapeutic potential of sevuparin. We’re pleased to continue supporting them as they advance into the proof-of-concept part, representing a critical value inflection point for the program,” says Viktor Drvota, CEO, Karolinska Development.

    Karolinska Development’s ownership in Modus Therapeutics amounts to 66 percent.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com.

    Attachment

    The MIL Network

  • MIL-OSI: INVL Baltic Sea Growth Fund has completed the acquisition of the Pehart Group in Romania

    Source: GlobeNewswire (MIL-OSI)

    INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has completed the investment in Pehart Group, a leading producer of household and industrial paper products in Romania. The consortium of International Finance Corporation (IFC), Banca Transilvania and ING Bank Romania provided an over EUR 150 million financing package with a significant sustainable linked component to fund the transaction and further development of Pehart Group. 

    The transaction with Abris Capital Partners, the independent private equity fund that previously held Pehart Group, was completed on 11th July.  

    Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund, said: “We are excited to back Pehart Group management team in bringing the company to the next level and we will support significant investments into expansion of Pehart’s manufacturing capacities and add-on acquisitions in the region strengthening Pehart Group’s market leadership and driving its next phase of growth.”  

    Gabriel Stanciu, CEO Pehart Group, commented: ”With the completion of the transaction with INVL Baltic Sea Growth Fund, we are honoured to join the leading private equity fund in the Baltics and benefit from its vision and expertise. We see this partnership as an opportunity to accelerate our development plans and strengthen Pehart Group’s position as a regional leader in the paper products industry. We will continue to invest in cutting edge technologies, diversify our product portfolio and expand our presence in international markets. We thank our previous partners, Abris Capital Partners, for their support in achieving our growth objectives in the past years. We look confidently to the future and are ready to capitalize on new opportunities together with INVL Baltic Sea Growth Fund.” 

    “The closing of this transaction is the culmination of a successful partnership with Pehart Group and its management team, whom we thank for the excellent collaboration over the past years. Together, we have succeeded in transforming Pehart into a strong regional player. We are proud of the progress of the company and the values built over this time and are confident that Pehart will continue to grow at an accelerated pace alongside its new partner. This transaction stands for Abris’ commitment to supporting high-potential businesses and ambitious management teams that can deliver sustainable performance in strategic sectors for the Central and Eastern European economy”, said Adrian Stănculescu, Partner and Head of Romania at Abris Capital Partners.  

    Equity for the deal was provided by the INVL Baltic Sea Growth Fund and some of its investors co-investing via INVL BSGF Co-Invest Fund II.  

    International Finance Corporation (IFC), a member of the World Bank Group, has led syndication of overt EUR 150 million financing package for Pehart Group.  

    “This investment underscores IFC’s commitment to fostering sustainable economic growth while addressing Romania’s energy challenges,” said Marcelo Castellanos, IFC`s Senior Country Manager for Southeastern Europe. “By supporting Pehart, we are advancing the country’s green transition, promoting job creation in underserved regions, and demonstrating the key role of private capital in achieving climate goals.” 

    “This partnership reflects our ongoing commitment to support our clients’ strategic plans and to provide smart financial solutions, tailored to their needs in a strategic sector. Thus, we are proud to support Pehart in their plan for sustainable growth and to consolidate their position as a leading player on the regional market”, said Cosmin Călin, Senior Executive Director of Large Corporate Clients, Structured Finance and Factoring Banca Transilvania.  

    “ING has a long partnership with Abris in Romania, including Pehart. We are proud to continue supporting a local business in growing further and pursuing regional ambitions, as we are a solid supporter for the expansion of the Romanian economy. We thank Abris and Pehart for the partnership built along these years and wish many successes to Invalda INVL Group and Pehart going forward” said Raluca Tintoiu, Head of Wholesale Banking and deputy CEO at ING Romania. 

    Deimantė Korsakaitė, Managing Partner at INVL Private Equity Fund II and INVL Baltic Sea Growth Fund, commented: “Finalizing the acquisition of Pehart Group marks a key milestone for the INVL Baltic Sea Growth Fund, completing a value-driven portfolio of ten companies across the Baltics, Poland and Romania, with one already successfully exited. With the launch of its successor INVL Private Equity Fund II earlier this year, which surpassed the target and reached EUR 305 million at first close, we are well-positioned to continue our investment strategy and supporting ambitious businesses across the Baltics, CEE region and the broader EU.” 

    With a 187-year tradition, Pehart Group is one of the largest paper manufacturers in Southeast Europe with a portfolio ranging from toilet paper, paper towels, napkins, and other hygiene paper products to jumbo rolls, used in the converting process into paper products for household and industrial use. In 2024, Pehart Group succeeded in strengthening its leading position on the market through production efficiency and strategic investments. The focus on diversifying the product portfolio led to new launches, such as the SOVIO brand, targeting the Away-from-Home sector, as well as expansion into international markets. In 2024, the Pehart Group generated revenues of EUR 165 million and employed more than 550 people across its companies. 

    Pehart Group is defined by continuous evolution, efficiency, respect for the planet’s resources and for the people who build its story every day. It continuously optimizes its products and services by creating a sustainable and equitable environment for a renewable future. Pufina, one of the most popular tissue paper brands in Romania, Alint, Altessa and SOVIO, the Away-from-Home products division, are part of the Pehart Group portfolio. 

    About the INVL Baltic Sea Growth Fund 

    With a fund size of EUR 165 million, the INVL Baltic Sea Growth Fund is the leading private equity fund in the Baltics. Its anchor investor is the European Investment Fund (EIF), which is a part of the European Investment Bank, and committed EUR 30 million with the support of the European Fund for Strategic Investments (a key element of the Investment Plan for Europe, or the Junker Plan) while also allocating resources from the Baltic Innovation Fund (a “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia,  to increase capital investment in high-growth potential small and medium-sized enterprises in the Baltics). The fund is managed by the leading asset management group in the Baltics Invalda INVL group, which companies manage or have under supervision over EUR 1.9 billion of assets. 

    Contact person for further information:
    Vytautas Plunksnis, Head of Private Equity at INVL Asset Management,
    Vytautas.Plunksnis@invl.com

    The MIL Network

  • MIL-OSI: INVL Baltic Sea Growth Fund has completed the acquisition of the Pehart Group in Romania

    Source: GlobeNewswire (MIL-OSI)

    INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltics, has completed the investment in Pehart Group, a leading producer of household and industrial paper products in Romania. The consortium of International Finance Corporation (IFC), Banca Transilvania and ING Bank Romania provided an over EUR 150 million financing package with a significant sustainable linked component to fund the transaction and further development of Pehart Group. 

    The transaction with Abris Capital Partners, the independent private equity fund that previously held Pehart Group, was completed on 11th July.  

    Vytautas Plunksnis, Partner at INVL Baltic Sea Growth Fund, said: “We are excited to back Pehart Group management team in bringing the company to the next level and we will support significant investments into expansion of Pehart’s manufacturing capacities and add-on acquisitions in the region strengthening Pehart Group’s market leadership and driving its next phase of growth.”  

    Gabriel Stanciu, CEO Pehart Group, commented: ”With the completion of the transaction with INVL Baltic Sea Growth Fund, we are honoured to join the leading private equity fund in the Baltics and benefit from its vision and expertise. We see this partnership as an opportunity to accelerate our development plans and strengthen Pehart Group’s position as a regional leader in the paper products industry. We will continue to invest in cutting edge technologies, diversify our product portfolio and expand our presence in international markets. We thank our previous partners, Abris Capital Partners, for their support in achieving our growth objectives in the past years. We look confidently to the future and are ready to capitalize on new opportunities together with INVL Baltic Sea Growth Fund.” 

    “The closing of this transaction is the culmination of a successful partnership with Pehart Group and its management team, whom we thank for the excellent collaboration over the past years. Together, we have succeeded in transforming Pehart into a strong regional player. We are proud of the progress of the company and the values built over this time and are confident that Pehart will continue to grow at an accelerated pace alongside its new partner. This transaction stands for Abris’ commitment to supporting high-potential businesses and ambitious management teams that can deliver sustainable performance in strategic sectors for the Central and Eastern European economy”, said Adrian Stănculescu, Partner and Head of Romania at Abris Capital Partners.  

    Equity for the deal was provided by the INVL Baltic Sea Growth Fund and some of its investors co-investing via INVL BSGF Co-Invest Fund II.  

    International Finance Corporation (IFC), a member of the World Bank Group, has led syndication of overt EUR 150 million financing package for Pehart Group.  

    “This investment underscores IFC’s commitment to fostering sustainable economic growth while addressing Romania’s energy challenges,” said Marcelo Castellanos, IFC`s Senior Country Manager for Southeastern Europe. “By supporting Pehart, we are advancing the country’s green transition, promoting job creation in underserved regions, and demonstrating the key role of private capital in achieving climate goals.” 

    “This partnership reflects our ongoing commitment to support our clients’ strategic plans and to provide smart financial solutions, tailored to their needs in a strategic sector. Thus, we are proud to support Pehart in their plan for sustainable growth and to consolidate their position as a leading player on the regional market”, said Cosmin Călin, Senior Executive Director of Large Corporate Clients, Structured Finance and Factoring Banca Transilvania.  

    “ING has a long partnership with Abris in Romania, including Pehart. We are proud to continue supporting a local business in growing further and pursuing regional ambitions, as we are a solid supporter for the expansion of the Romanian economy. We thank Abris and Pehart for the partnership built along these years and wish many successes to Invalda INVL Group and Pehart going forward” said Raluca Tintoiu, Head of Wholesale Banking and deputy CEO at ING Romania. 

    Deimantė Korsakaitė, Managing Partner at INVL Private Equity Fund II and INVL Baltic Sea Growth Fund, commented: “Finalizing the acquisition of Pehart Group marks a key milestone for the INVL Baltic Sea Growth Fund, completing a value-driven portfolio of ten companies across the Baltics, Poland and Romania, with one already successfully exited. With the launch of its successor INVL Private Equity Fund II earlier this year, which surpassed the target and reached EUR 305 million at first close, we are well-positioned to continue our investment strategy and supporting ambitious businesses across the Baltics, CEE region and the broader EU.” 

    With a 187-year tradition, Pehart Group is one of the largest paper manufacturers in Southeast Europe with a portfolio ranging from toilet paper, paper towels, napkins, and other hygiene paper products to jumbo rolls, used in the converting process into paper products for household and industrial use. In 2024, Pehart Group succeeded in strengthening its leading position on the market through production efficiency and strategic investments. The focus on diversifying the product portfolio led to new launches, such as the SOVIO brand, targeting the Away-from-Home sector, as well as expansion into international markets. In 2024, the Pehart Group generated revenues of EUR 165 million and employed more than 550 people across its companies. 

    Pehart Group is defined by continuous evolution, efficiency, respect for the planet’s resources and for the people who build its story every day. It continuously optimizes its products and services by creating a sustainable and equitable environment for a renewable future. Pufina, one of the most popular tissue paper brands in Romania, Alint, Altessa and SOVIO, the Away-from-Home products division, are part of the Pehart Group portfolio. 

    About the INVL Baltic Sea Growth Fund 

    With a fund size of EUR 165 million, the INVL Baltic Sea Growth Fund is the leading private equity fund in the Baltics. Its anchor investor is the European Investment Fund (EIF), which is a part of the European Investment Bank, and committed EUR 30 million with the support of the European Fund for Strategic Investments (a key element of the Investment Plan for Europe, or the Junker Plan) while also allocating resources from the Baltic Innovation Fund (a “fund of funds” initiative developed in cooperation with the governments of Lithuania, Latvia and Estonia,  to increase capital investment in high-growth potential small and medium-sized enterprises in the Baltics). The fund is managed by the leading asset management group in the Baltics Invalda INVL group, which companies manage or have under supervision over EUR 1.9 billion of assets. 

    Contact person for further information:
    Vytautas Plunksnis, Head of Private Equity at INVL Asset Management,
    Vytautas.Plunksnis@invl.com

    The MIL Network

  • MIL-OSI: Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Source: GlobeNewswire (MIL-OSI)

    EUROCASTLE INVESTMENT LIMITED

                                       
                            FOR IMMEDIATE RELEASE
    Contact:        
    Oak Fund Services (Guernsey) Limited
    Company Administrator
    Attn: Nicole Barnes
    Tel: +44 1481 723450        

    Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Guernsey, 14 July 2025 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) (“Eurocastle” or the “Company”) today announces that notice of its Annual General Meeting containing the full text of the proposed resolutions and a proxy statement has been mailed out to all holders on record as of Thursday, 10 July 2024. In addition, the Company has posted the Annual General Meeting notice on its website under Periodic Reports and Shareholder Communications in the Investor Relations Section.

    As previously announced, Eurocastle will hold its Annual General Meeting on Tuesday, 5 August 2025, at the Company’s registered office at 3:00 pm Guernsey time (4:00 pm CET).

    ABOUT EUROCASTLE

    Eurocastle Investment Limited (“Eurocastle” or the “Company”) is a publicly traded closed-ended investment company. On 8 July 2022, the Company announced the relaunch of its investment activity and is currently in the early stages of pursuing its new strategy by initially focusing on opportunistic real estate in Greece with a plan to expand across Southern Europe. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

    The MIL Network

  • MIL-OSI: Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Source: GlobeNewswire (MIL-OSI)

    EUROCASTLE INVESTMENT LIMITED

                                       
                            FOR IMMEDIATE RELEASE
    Contact:        
    Oak Fund Services (Guernsey) Limited
    Company Administrator
    Attn: Nicole Barnes
    Tel: +44 1481 723450        

    Eurocastle Announces Posting of 2025 Annual General Meeting Notice

    Guernsey, 14 July 2025 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) (“Eurocastle” or the “Company”) today announces that notice of its Annual General Meeting containing the full text of the proposed resolutions and a proxy statement has been mailed out to all holders on record as of Thursday, 10 July 2024. In addition, the Company has posted the Annual General Meeting notice on its website under Periodic Reports and Shareholder Communications in the Investor Relations Section.

    As previously announced, Eurocastle will hold its Annual General Meeting on Tuesday, 5 August 2025, at the Company’s registered office at 3:00 pm Guernsey time (4:00 pm CET).

    ABOUT EUROCASTLE

    Eurocastle Investment Limited (“Eurocastle” or the “Company”) is a publicly traded closed-ended investment company. On 8 July 2022, the Company announced the relaunch of its investment activity and is currently in the early stages of pursuing its new strategy by initially focusing on opportunistic real estate in Greece with a plan to expand across Southern Europe. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.

    The MIL Network

  • MIL-OSI: Falcon Oil & Gas Ltd (“Falcon”) – Another Stellar IP60 Flow Test Result in the Beetaloo and 2025 Drilling Campaign Commences

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd (“Falcon”)

    Another Stellar IP60 Flow Test Result in the Beetaloo

    And

    2025 Drilling Campaign Commences

    14 July 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 60-day initial production (“IP60”) flow rate of 6.8 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated horizontal within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP60 result in the Beetaloo to date.

    Points to note:

    • The average flow rate of 12.4 MMcf/d over a normalized 10,000-foot horizontal section remains in-line with an average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin to the Australian domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States. 
    • The exit rate maintains a steady, low-declining curve at 6.4 MMcf/d with a flowing wellhead pressure of ~720 psi and has exhibited less decline than that of the Shenandoah South 1H well (“SS-1H”) over the last 30 days of testing.
    • For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

    Drilling Campaign Gets Underway

    • The 2025 drilling campaign has now commenced targeting up to three 10,000-foot horizontal wells to be drilled back-to-back over the next few months. This will complete the drilling phase of the five well Shenandoah South pilot program.
    • As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has no cost exposure to the drilling of these three wells as it opted to reduce its participating interest in the three wells to 0%.

    Philip O’Quigley, CEO of Falcon commented:

    “The IP60 flow rate results announced today of 6.8 MMcf/d are truly stellar and mark another major data point in the Beetaloo Sub-basin, again demonstrating that it compares to the best shale wells in the United States. These results, coupled with the average 30-day initial production exceeding Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres, all point towards the significant resource potential of the Beetaloo.

    The commencement of the 2025 three well drilling campaign, which is the largest drilling campaign in the Beetaloo to date, will hopefully provide further evidence of the real commercial potential of the Beetaloo.

    We look forward to updating the market as soon as these drilling results become available.”

    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

     

    This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

    For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

    About Beetaloo Joint Venture (EP 76, 98 and 117)   

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 22.5%
    Tamboran (B2) Pty Limited (“Tamboran”) 77.5%
    Total 100.0%

    Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 5.0%
    Tamboran (B2) Pty Limited 95.0%
    Total 100.0%

    1Subject to the completion of SS4H wells on the Shenandoah South pad 2.

    About Tamboran (B2) Pty Limited
    Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

    Tamboran Resources Corporation is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Sub-basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

    Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

     

    Appendix A – SS-2H ST1 Flow Test Details

    Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results.

    Advisory regarding forward-looking statements

    Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “anticipated”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes.  In particular, forward-looking information in this press release includes, details on the IP60 flow test results of SS-2H ST1 including assumptions that the results are in line with average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period and that they demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin in the Australian Domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States; consistency of the results of SS-2H ST1 with SS-1H; belief the average 30-day initial production of a normalised flow rate of 3 MMcf/d per 1,000 metres is a commercial threshold and coupled with the IP60 flow rate points towards the significant resource potential of the Beetaloo; and details on the 2025 three well drilling campaign which has commenced.

    This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and/or their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

    Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

    Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Attachment

    The MIL Network

  • MIL-OSI: Falcon Oil & Gas Ltd (“Falcon”) – Another Stellar IP60 Flow Test Result in the Beetaloo and 2025 Drilling Campaign Commences

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd (“Falcon”)

    Another Stellar IP60 Flow Test Result in the Beetaloo

    And

    2025 Drilling Campaign Commences

    14 July 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 60-day initial production (“IP60”) flow rate of 6.8 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated horizontal within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP60 result in the Beetaloo to date.

    Points to note:

    • The average flow rate of 12.4 MMcf/d over a normalized 10,000-foot horizontal section remains in-line with an average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin to the Australian domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States. 
    • The exit rate maintains a steady, low-declining curve at 6.4 MMcf/d with a flowing wellhead pressure of ~720 psi and has exhibited less decline than that of the Shenandoah South 1H well (“SS-1H”) over the last 30 days of testing.
    • For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

    Drilling Campaign Gets Underway

    • The 2025 drilling campaign has now commenced targeting up to three 10,000-foot horizontal wells to be drilled back-to-back over the next few months. This will complete the drilling phase of the five well Shenandoah South pilot program.
    • As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has no cost exposure to the drilling of these three wells as it opted to reduce its participating interest in the three wells to 0%.

    Philip O’Quigley, CEO of Falcon commented:

    “The IP60 flow rate results announced today of 6.8 MMcf/d are truly stellar and mark another major data point in the Beetaloo Sub-basin, again demonstrating that it compares to the best shale wells in the United States. These results, coupled with the average 30-day initial production exceeding Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres, all point towards the significant resource potential of the Beetaloo.

    The commencement of the 2025 three well drilling campaign, which is the largest drilling campaign in the Beetaloo to date, will hopefully provide further evidence of the real commercial potential of the Beetaloo.

    We look forward to updating the market as soon as these drilling results become available.”

    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

     

    This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

    For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

    About Beetaloo Joint Venture (EP 76, 98 and 117)   

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 22.5%
    Tamboran (B2) Pty Limited (“Tamboran”) 77.5%
    Total 100.0%

    Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 5.0%
    Tamboran (B2) Pty Limited 95.0%
    Total 100.0%

    1Subject to the completion of SS4H wells on the Shenandoah South pad 2.

    About Tamboran (B2) Pty Limited
    Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

    Tamboran Resources Corporation is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Sub-basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

    Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

     

    Appendix A – SS-2H ST1 Flow Test Details

    Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results.

    Advisory regarding forward-looking statements

    Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “anticipated”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes.  In particular, forward-looking information in this press release includes, details on the IP60 flow test results of SS-2H ST1 including assumptions that the results are in line with average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period and that they demonstrate the commercial deliverability of gas from the Beetaloo Sub-basin in the Australian Domestic East Coast gas market that typically sells at a premium to Henry Hub in the United States; consistency of the results of SS-2H ST1 with SS-1H; belief the average 30-day initial production of a normalised flow rate of 3 MMcf/d per 1,000 metres is a commercial threshold and coupled with the IP60 flow rate points towards the significant resource potential of the Beetaloo; and details on the 2025 three well drilling campaign which has commenced.

    This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and/or their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

    Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

    Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Attachment

    The MIL Network

  • MIL-Evening Report: Author condemns ‘callous’ health legacy of French, US nuclear bomb tests in Pacific

    Asia Pacific Report

    A journalist who was on the Rainbow Warrior voyage to Rongelap last night condemned France for its “callous” attack of an environmental ship, saying “we haven’t forgotten, or forgiven this outrage”.

    David Robie, the author of Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior, said at the launch that the consequences of almost 300 US and French nuclear tests – many of them “dirty bombs” — were still impacting on indigenous Pacific peoples 40 years after the bombing of the ship.

    French saboteurs had killed “our shipmate Fernando Pereira” on 10 July 1985 in what the New Zealand prime minister at the time, David Lange, called a “sordid act of international state-backed terrorism”.

    Although relations with France had perhaps mellowed over time, four decades ago there was a lot of hostility towards the country, Dr Robie said.

    “And that act of mindless sabotage still rankles very deeply in our psyche,” he said at the launch in Auckland Central’s Ellen Melville Centre on the anniversary of July 10.

    About 100 people gathered in the centre’s Pioneer Women’s Hall for the book launch as Dr Robie reflected on the case of state terrorism after Greenpeace earlier in the day held a memorial ceremony on board Rainbow Warrior III.

    “One of the celebrated French newspapers, Le Monde, played a critical role in the investigation into the Rainbow Warrior affair — what I brand as ‘Blundergate’, in view of all the follies of the bumbling DGSE spy team,” he said.

    Plantu cartoon
    “And one of the cartoons in that newspaper, by Plantu, who is a sort of French equivalent to Michael Leunig, caught my eye.

    “You will notice it in the background slide show behind me. It shows François Mitterrand, the president of the French republic at the time, dressed in a frogman’s wetsuit lecturing to school children during a history lesson.

    “President Mitterrand says, in French, ‘At that time, only presidents had the right to carry out terrorism!’

    Tahitian advocate Ena Manurevia . . . the background Plantu cartoon is the one mentioned by the author. Image: Asia Pacific Report

    He noticed that in the Mitterrand cartoon there was a “classmate” sitting in the back of the room with a moustache. This was none other than Edwy Plenel, the police reporter for Le Monde at the time, who scooped the world with hard evidence of Mitterrand and the French government’s role at the highest level in the Rainbow Warrior sabotage.

    Dr Robie said that Plenel now published the investigative website Mediapart, which had played a key role in 2015 revealing the identity of the bomber that night, “the man who had planted the limpet mines on the Rainbow Warrior — sinking a peace and environmental ship, and killing Fernando Pereira.”

    Jean-Luc Kister, a retired French colonel and DGSE secret agent, had confessed to his role and “apologised”, claiming the sabotage operation was “disproportionate and a mistake”.

    “Was he sincere? Was it a genuine attempt to come to terms with his conscience. Who knows?” Dr Robie said, adding that he was unconvinced.

    Hilari Anderson (right on stage), one of the speakers, with Del Abcede and MC Antony Phillips (obscured) . . . the background image shows Helen Clark meeting Fernando Pereira’s daughter Marelle in 2005. Image: Greenpeace

    French perspective
    Dr Robie said he had asked Plenel for his reflections from a French perspective 40 years on. Plenel cited three main take ways.

    “First, the vital necessity of independent journalism. Independent of all powers, whether state, economic or ideological. Journalism that serves the public interest, the right to know, and factual truths.

    “Impactful journalism whose revelations restore confidence in democracy, in the possibility of improving it, and in the usefulness of counterbalancing powers, particularly journalism.”

    Secondly, this attack had been carried out by France in an “allied country”, New Zealand, against a civil society organisation. This demonstrated that “the thirst for power is a downfall that leads nations astray when they succumb to it.

    “Nuclear weapons epitomise this madness, this catastrophe of power.”

    Finally, Plenel expressed the “infinite sadness” for a French citizen that after his revelations in Le Monde — which led to the resignations of the defence minister and the head of the secret services — nothing else happened.

    “Nothing at all. No parliamentary inquiry, no questioning of François Mitterrand about his responsibility, no institutional reform of the absolute power of the president in a French republic that is, in reality, an elective monarchy.”

    ‘Elective monarchy’ trend
    Dr Robie compared the French outcome with the rapid trend in US today, “a president who thinks he is a monarch, a king – another elective monarchy.”

    He also bemoaned that “catastrophe of power” that “reigns everywhere today – from the horrendous Israeli genocide in Gaza to the Russian invasion of Ukraine, from Trump to Putin to Netanyahu, and so many others.”

    The continuous Gaza massacres were a shameful indictment of the West that had allowed it to happen for more than 21 months.

    Dr Robie thanked many collaborators for their help and support, including drama teacher Hilari Anderson, an original crew member of the Rainbow Warrior, and photographer John Miller, “who have been with me all the way on this waka journey”.

    He thanked his wife, Del, and family members for their unstinting “patience and support”, and also publisher Tony Murrow of Little Island Press.

    Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior . . . published 10 July 2025. Image: David Robie/Little Island Press

    Launching the book, Greenpeace Aotearoa programme director Niamh O’Flynn said one thing that had stood out for her was how the legacy of the Rainbow Warrior had continued despite the attempt by the French government to shut it down 40 years ago.

    “We said then that ‘you can’t sink a rainbow’, and we went on to prove it.

    “When the Rainbow Warrior was bombed in Auckland harbour, it was getting ready to set sail to Moruroa Atoll, to enter the test exclusion zone and confront French nuclear testing head-on.”

    So threatened
    The French government had felt so threatened by that action that it had engaged in a state-sanctioned terror attack to prevent the mission from going ahead.

    “But we rebuilt, and the Rainbow Warrior II carried on with that mission, travelling to Moruroa three times before the French finally stopped nuclear testing in the Pacific.

    “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her,” she said.

    “It was the final voyage of the Rainbow Warrior to Rongelap before the bombing that is the focus of David Robie’s book, and in many ways, it was an incredibly unique experience for Greenpeace — not just here in Aotearoa, but internationally.

    “And of course David was a key part in that.”

    O’Flynn said that as someone who had not even been born yet when the Rainbow Warrior was bombed, “I am so grateful that the generation of nuclear-free activists took the time to pass on their knowledge and to build our organisation into what it is today.

    “Just as David has by writing down his story and leaving us with such a rich legacy.”

    Greenpeace Aotearoa programme director Niamh O’Flynn . . . “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her.” Image: APR

    Other speakers
    Among other speakers at the book launch were teacher Hilari Anderson, publisher Tony Murrow of Little Island Press, Ena Manuireva, a Mangarevian scholar and cultural adviser, and MC Antony Phillips of Heritage New Zealand Pouhere Taonga.

    Anderson spoke of the Warrior’s early campaigns and acknowledged the crews of 1978 and 1985.

    “I have been reflecting what these first and last crews of the original Rainbow Warrior had in common, realising that both gave their collective, mostly youthful energy — to transformation.

    “This has involved the bonding of crews by working hands-on together. Touching surfaces, by hammer and paint, created a physical connection to this beloved boat.”

    She paid special tribute to two powerful women, Denise Bell, who tracked down the marine research vessel in Aberdeen that became the Rainbow Warrior, and the indomitable Susi Newborn, who “contributed to naming the ship and mustering a crew”.

    Manuireva spoke about his nuclear colonial experience and that of his family as natives of Mangareva atoll, about 400 km from Muroroa atoll, where France conducted most of its 30 years of tests ending in 1995.

    He also spoke of Tahitian leader Oscar Temaru’s pioneering role in the Nuclear-Free and Independent Pacific (NFIP) movement, and played haunting Tahitian songs on his guitar.

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Author condemns ‘callous’ health legacy of French, US nuclear bomb tests in Pacific

    Asia Pacific Report

    A journalist who was on the Rainbow Warrior voyage to Rongelap last night condemned France for its “callous” attack of an environmental ship, saying “we haven’t forgotten, or forgiven this outrage”.

    David Robie, the author of Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior, said at the launch that the consequences of almost 300 US and French nuclear tests – many of them “dirty bombs” — were still impacting on indigenous Pacific peoples 40 years after the bombing of the ship.

    French saboteurs had killed “our shipmate Fernando Pereira” on 10 July 1985 in what the New Zealand prime minister at the time, David Lange, called a “sordid act of international state-backed terrorism”.

    Although relations with France had perhaps mellowed over time, four decades ago there was a lot of hostility towards the country, Dr Robie said.

    “And that act of mindless sabotage still rankles very deeply in our psyche,” he said at the launch in Auckland Central’s Ellen Melville Centre on the anniversary of July 10.

    About 100 people gathered in the centre’s Pioneer Women’s Hall for the book launch as Dr Robie reflected on the case of state terrorism after Greenpeace earlier in the day held a memorial ceremony on board Rainbow Warrior III.

    “One of the celebrated French newspapers, Le Monde, played a critical role in the investigation into the Rainbow Warrior affair — what I brand as ‘Blundergate’, in view of all the follies of the bumbling DGSE spy team,” he said.

    Plantu cartoon
    “And one of the cartoons in that newspaper, by Plantu, who is a sort of French equivalent to Michael Leunig, caught my eye.

    “You will notice it in the background slide show behind me. It shows François Mitterrand, the president of the French republic at the time, dressed in a frogman’s wetsuit lecturing to school children during a history lesson.

    “President Mitterrand says, in French, ‘At that time, only presidents had the right to carry out terrorism!’

    Tahitian advocate Ena Manurevia . . . the background Plantu cartoon is the one mentioned by the author. Image: Asia Pacific Report

    He noticed that in the Mitterrand cartoon there was a “classmate” sitting in the back of the room with a moustache. This was none other than Edwy Plenel, the police reporter for Le Monde at the time, who scooped the world with hard evidence of Mitterrand and the French government’s role at the highest level in the Rainbow Warrior sabotage.

    Dr Robie said that Plenel now published the investigative website Mediapart, which had played a key role in 2015 revealing the identity of the bomber that night, “the man who had planted the limpet mines on the Rainbow Warrior — sinking a peace and environmental ship, and killing Fernando Pereira.”

    Jean-Luc Kister, a retired French colonel and DGSE secret agent, had confessed to his role and “apologised”, claiming the sabotage operation was “disproportionate and a mistake”.

    “Was he sincere? Was it a genuine attempt to come to terms with his conscience. Who knows?” Dr Robie said, adding that he was unconvinced.

    Hilari Anderson (right on stage), one of the speakers, with Del Abcede and MC Antony Phillips (obscured) . . . the background image shows Helen Clark meeting Fernando Pereira’s daughter Marelle in 2005. Image: Greenpeace

    French perspective
    Dr Robie said he had asked Plenel for his reflections from a French perspective 40 years on. Plenel cited three main take ways.

    “First, the vital necessity of independent journalism. Independent of all powers, whether state, economic or ideological. Journalism that serves the public interest, the right to know, and factual truths.

    “Impactful journalism whose revelations restore confidence in democracy, in the possibility of improving it, and in the usefulness of counterbalancing powers, particularly journalism.”

    Secondly, this attack had been carried out by France in an “allied country”, New Zealand, against a civil society organisation. This demonstrated that “the thirst for power is a downfall that leads nations astray when they succumb to it.

    “Nuclear weapons epitomise this madness, this catastrophe of power.”

    Finally, Plenel expressed the “infinite sadness” for a French citizen that after his revelations in Le Monde — which led to the resignations of the defence minister and the head of the secret services — nothing else happened.

    “Nothing at all. No parliamentary inquiry, no questioning of François Mitterrand about his responsibility, no institutional reform of the absolute power of the president in a French republic that is, in reality, an elective monarchy.”

    ‘Elective monarchy’ trend
    Dr Robie compared the French outcome with the rapid trend in US today, “a president who thinks he is a monarch, a king – another elective monarchy.”

    He also bemoaned that “catastrophe of power” that “reigns everywhere today – from the horrendous Israeli genocide in Gaza to the Russian invasion of Ukraine, from Trump to Putin to Netanyahu, and so many others.”

    The continuous Gaza massacres were a shameful indictment of the West that had allowed it to happen for more than 21 months.

    Dr Robie thanked many collaborators for their help and support, including drama teacher Hilari Anderson, an original crew member of the Rainbow Warrior, and photographer John Miller, “who have been with me all the way on this waka journey”.

    He thanked his wife, Del, and family members for their unstinting “patience and support”, and also publisher Tony Murrow of Little Island Press.

    Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior . . . published 10 July 2025. Image: David Robie/Little Island Press

    Launching the book, Greenpeace Aotearoa programme director Niamh O’Flynn said one thing that had stood out for her was how the legacy of the Rainbow Warrior had continued despite the attempt by the French government to shut it down 40 years ago.

    “We said then that ‘you can’t sink a rainbow’, and we went on to prove it.

    “When the Rainbow Warrior was bombed in Auckland harbour, it was getting ready to set sail to Moruroa Atoll, to enter the test exclusion zone and confront French nuclear testing head-on.”

    So threatened
    The French government had felt so threatened by that action that it had engaged in a state-sanctioned terror attack to prevent the mission from going ahead.

    “But we rebuilt, and the Rainbow Warrior II carried on with that mission, travelling to Moruroa three times before the French finally stopped nuclear testing in the Pacific.

    “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her,” she said.

    “It was the final voyage of the Rainbow Warrior to Rongelap before the bombing that is the focus of David Robie’s book, and in many ways, it was an incredibly unique experience for Greenpeace — not just here in Aotearoa, but internationally.

    “And of course David was a key part in that.”

    O’Flynn said that as someone who had not even been born yet when the Rainbow Warrior was bombed, “I am so grateful that the generation of nuclear-free activists took the time to pass on their knowledge and to build our organisation into what it is today.

    “Just as David has by writing down his story and leaving us with such a rich legacy.”

    Greenpeace Aotearoa programme director Niamh O’Flynn . . . “That spirit and tenacity is what makes Greenpeace and what makes the Rainbow Warrior so special to everyone who has sailed on her.” Image: APR

    Other speakers
    Among other speakers at the book launch were teacher Hilari Anderson, publisher Tony Murrow of Little Island Press, Ena Manuireva, a Mangarevian scholar and cultural adviser, and MC Antony Phillips of Heritage New Zealand Pouhere Taonga.

    Anderson spoke of the Warrior’s early campaigns and acknowledged the crews of 1978 and 1985.

    “I have been reflecting what these first and last crews of the original Rainbow Warrior had in common, realising that both gave their collective, mostly youthful energy — to transformation.

    “This has involved the bonding of crews by working hands-on together. Touching surfaces, by hammer and paint, created a physical connection to this beloved boat.”

    She paid special tribute to two powerful women, Denise Bell, who tracked down the marine research vessel in Aberdeen that became the Rainbow Warrior, and the indomitable Susi Newborn, who “contributed to naming the ship and mustering a crew”.

    Manuireva spoke about his nuclear colonial experience and that of his family as natives of Mangareva atoll, about 400 km from Muroroa atoll, where France conducted most of its 30 years of tests ending in 1995.

    He also spoke of Tahitian leader Oscar Temaru’s pioneering role in the Nuclear-Free and Independent Pacific (NFIP) movement, and played haunting Tahitian songs on his guitar.

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training

    Source: The Conversation (Au and NZ) – By Aaron J. Snoswell, Senior Research Fellow in AI Accountability, Queensland University of Technology

    Anne Fehres and Luke Conroy & AI4Media, CC BY

    Grok, the artificial intelligence (AI) chatbot embedded in X (formerly Twitter) and built by Elon Musk’s company xAI, is back in the headlines after calling itself “MechaHitler” and producing pro-Nazi remarks.

    The developers have apologised for the “inappropriate posts” and “taken action to ban hate speech” from Grok’s posts on X. Debates about AI bias have been revived too.

    But the latest Grok controversy is revealing not for the extremist outputs, but for how it exposes a fundamental dishonesty in AI development. Musk claims to be building a “truth-seeking” AI free from bias, yet the technical implementation reveals systemic ideological programming.

    This amounts to an accidental case study in how AI systems embed their creators’ values, with Musk’s unfiltered public presence making visible what other companies typically obscure.

    What is Grok?

    Grok is an AI chatbot with “a twist of humor and a dash of rebellion” developed by xAI, which also owns the X social media platform.

    The first version of Grok launched in 2023. Independent evaluations suggest the latest model, Grok 4, outpaces competitors on “intelligence” tests. The chatbot is available standalone and on X.

    xAI states “AI’s knowledge should be all-encompassing and as far-reaching as possible”. Musk has previously positioned Grok as a truth-telling alternative to chatbots accused of being “woke” by right-wing commentators.

    But beyond the latest Nazism scandal, Grok has made headlines for generating threats of sexual violence, bringing up “white genocide” in South Africa, and making insulting statements about politicians. The latter led to its ban in Turkey.

    So how do developers imbue an AI with such values and shape chatbot behaviour? Today’s chatbots are built using large language models (LLMs), which offer several levers developers can lean on.

    What makes an AI ‘behave’ this way?

    Pre-training

    First, developers curate the data used during pre-training – the first step in building a chatbot. This involves not just filtering unwanted content, but also emphasising desired material.

    GPT-3 was shown Wikipedia up to six times more than other datasets as OpenAI considered it higher quality. Grok is trained on various sources, including posts from X, which might explain why Grok has been reported to check Elon Musk’s opinion on controversial topics.

    Musk has shared that xAI curates Grok’s training data, for example to improve legal knowledge and to remove LLM-generated content for quality control. He also appealed to the X community for difficult “galaxy brain” problems and facts that are “politically incorrect, but nonetheless factually true”.

    We don’t know if these data were used, or what quality-control measures were applied.

    Fine-tuning

    The second step, fine-tuning, adjusts LLM behaviour using feedback. Developers create detailed manuals outlining their preferred ethical stances, which either human reviewers or AI systems then use as a rubric to evaluate and improve the chatbot’s responses, effectively coding these values into the machine.

    A Business Insider investigation revealed xAI’s instructions to human
    “AI tutors” instructed them to look for “woke ideology” and “cancel culture”. While the onboarding documents said Grok shouldn’t “impose an opinion that confirms or denies a user’s bias”, they also stated it should avoid responses that claim both sides of a debate have merit when they do not.

    System prompts

    The system prompt – instructions provided before every conversation – guides behaviour once the model is deployed.

    To its credit, xAI publishes Grok’s system prompts. Its instructions to “assume subjective viewpoints sourced from the media are biased” and “not shy away from making claims which are politically incorrect, as long as they are well substantiated” were likely key factors in the latest controversy.

    These prompts are being updated daily at the time of writing, and their evolution is a fascinating case study in itself.

    Guardrails

    Finally, developers can also add guardrails – filters that block certain requests or responses. OpenAI claims it doesn’t permit ChatGPT “to generate hateful, harassing, violent or adult content”. Meanwhile, the Chinese model DeepSeek censors discussion of Tianamen Square.

    Ad-hoc testing when writing this article suggests Grok is much less restrained in this regard than competitor products.

    The transparency paradox

    Grok’s Nazi controversy highlights a deeper ethical issue: would we prefer AI companies to be explicitly ideological and honest about it, or maintain the fiction of neutrality while secretly embedding their values?

    Every major AI system reflects its creator’s worldview – from Microsoft Copilot’s risk-averse corporate perspective to Anthropic Claude’s safety-focused ethos. The difference is transparency.

    Musk’s public statements make it easy to trace Grok’s behaviours back to Musk’s stated beliefs about “woke ideology” and media bias. Meanwhile, when other platforms misfire spectacularly, we’re left guessing whether this reflects leadership views, corporate risk aversion, regulatory pressure, or accident.

    This feels familiar. Grok resembles Microsoft’s 2016 hate-speech-spouting Tay chatbot, also trained on Twitter data and set loose on Twitter before being shut down.

    But there’s a crucial difference. Tay’s racism emerged from user manipulation and poor safeguards – an unintended consequence. Grok’s behaviour appears to stem at least partially from its design.

    The real lesson from Grok is about honesty in AI development. As these systems become more powerful and widespread (Grok support in Tesla vehicles was just announced), the question isn’t whether AI will reflect human values. It’s whether companies will be transparent about whose values they’re encoding and why.

    Musk’s approach is simultaneously more honest (we can see his influence) and more deceptive (claiming objectivity while programming subjectivity) than his competitors.

    In an industry built on the myth of neutral algorithms, Grok reveals what’s been true all along: there’s no such thing as unbiased AI – only AI whose biases we can see with varying degrees of clarity.

    Aaron J. Snoswell previously received research funding from OpenAI in 2024–2025 to develop new evaluation frameworks for measuring moral competence in AI agents.

    ref. How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training – https://theconversation.com/how-do-you-stop-an-ai-model-turning-nazi-what-the-grok-drama-reveals-about-ai-training-261001

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training

    Source: The Conversation (Au and NZ) – By Aaron J. Snoswell, Senior Research Fellow in AI Accountability, Queensland University of Technology

    Anne Fehres and Luke Conroy & AI4Media, CC BY

    Grok, the artificial intelligence (AI) chatbot embedded in X (formerly Twitter) and built by Elon Musk’s company xAI, is back in the headlines after calling itself “MechaHitler” and producing pro-Nazi remarks.

    The developers have apologised for the “inappropriate posts” and “taken action to ban hate speech” from Grok’s posts on X. Debates about AI bias have been revived too.

    But the latest Grok controversy is revealing not for the extremist outputs, but for how it exposes a fundamental dishonesty in AI development. Musk claims to be building a “truth-seeking” AI free from bias, yet the technical implementation reveals systemic ideological programming.

    This amounts to an accidental case study in how AI systems embed their creators’ values, with Musk’s unfiltered public presence making visible what other companies typically obscure.

    What is Grok?

    Grok is an AI chatbot with “a twist of humor and a dash of rebellion” developed by xAI, which also owns the X social media platform.

    The first version of Grok launched in 2023. Independent evaluations suggest the latest model, Grok 4, outpaces competitors on “intelligence” tests. The chatbot is available standalone and on X.

    xAI states “AI’s knowledge should be all-encompassing and as far-reaching as possible”. Musk has previously positioned Grok as a truth-telling alternative to chatbots accused of being “woke” by right-wing commentators.

    But beyond the latest Nazism scandal, Grok has made headlines for generating threats of sexual violence, bringing up “white genocide” in South Africa, and making insulting statements about politicians. The latter led to its ban in Turkey.

    So how do developers imbue an AI with such values and shape chatbot behaviour? Today’s chatbots are built using large language models (LLMs), which offer several levers developers can lean on.

    What makes an AI ‘behave’ this way?

    Pre-training

    First, developers curate the data used during pre-training – the first step in building a chatbot. This involves not just filtering unwanted content, but also emphasising desired material.

    GPT-3 was shown Wikipedia up to six times more than other datasets as OpenAI considered it higher quality. Grok is trained on various sources, including posts from X, which might explain why Grok has been reported to check Elon Musk’s opinion on controversial topics.

    Musk has shared that xAI curates Grok’s training data, for example to improve legal knowledge and to remove LLM-generated content for quality control. He also appealed to the X community for difficult “galaxy brain” problems and facts that are “politically incorrect, but nonetheless factually true”.

    We don’t know if these data were used, or what quality-control measures were applied.

    Fine-tuning

    The second step, fine-tuning, adjusts LLM behaviour using feedback. Developers create detailed manuals outlining their preferred ethical stances, which either human reviewers or AI systems then use as a rubric to evaluate and improve the chatbot’s responses, effectively coding these values into the machine.

    A Business Insider investigation revealed xAI’s instructions to human
    “AI tutors” instructed them to look for “woke ideology” and “cancel culture”. While the onboarding documents said Grok shouldn’t “impose an opinion that confirms or denies a user’s bias”, they also stated it should avoid responses that claim both sides of a debate have merit when they do not.

    System prompts

    The system prompt – instructions provided before every conversation – guides behaviour once the model is deployed.

    To its credit, xAI publishes Grok’s system prompts. Its instructions to “assume subjective viewpoints sourced from the media are biased” and “not shy away from making claims which are politically incorrect, as long as they are well substantiated” were likely key factors in the latest controversy.

    These prompts are being updated daily at the time of writing, and their evolution is a fascinating case study in itself.

    Guardrails

    Finally, developers can also add guardrails – filters that block certain requests or responses. OpenAI claims it doesn’t permit ChatGPT “to generate hateful, harassing, violent or adult content”. Meanwhile, the Chinese model DeepSeek censors discussion of Tianamen Square.

    Ad-hoc testing when writing this article suggests Grok is much less restrained in this regard than competitor products.

    The transparency paradox

    Grok’s Nazi controversy highlights a deeper ethical issue: would we prefer AI companies to be explicitly ideological and honest about it, or maintain the fiction of neutrality while secretly embedding their values?

    Every major AI system reflects its creator’s worldview – from Microsoft Copilot’s risk-averse corporate perspective to Anthropic Claude’s safety-focused ethos. The difference is transparency.

    Musk’s public statements make it easy to trace Grok’s behaviours back to Musk’s stated beliefs about “woke ideology” and media bias. Meanwhile, when other platforms misfire spectacularly, we’re left guessing whether this reflects leadership views, corporate risk aversion, regulatory pressure, or accident.

    This feels familiar. Grok resembles Microsoft’s 2016 hate-speech-spouting Tay chatbot, also trained on Twitter data and set loose on Twitter before being shut down.

    But there’s a crucial difference. Tay’s racism emerged from user manipulation and poor safeguards – an unintended consequence. Grok’s behaviour appears to stem at least partially from its design.

    The real lesson from Grok is about honesty in AI development. As these systems become more powerful and widespread (Grok support in Tesla vehicles was just announced), the question isn’t whether AI will reflect human values. It’s whether companies will be transparent about whose values they’re encoding and why.

    Musk’s approach is simultaneously more honest (we can see his influence) and more deceptive (claiming objectivity while programming subjectivity) than his competitors.

    In an industry built on the myth of neutral algorithms, Grok reveals what’s been true all along: there’s no such thing as unbiased AI – only AI whose biases we can see with varying degrees of clarity.

    Aaron J. Snoswell previously received research funding from OpenAI in 2024–2025 to develop new evaluation frameworks for measuring moral competence in AI agents.

    ref. How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training – https://theconversation.com/how-do-you-stop-an-ai-model-turning-nazi-what-the-grok-drama-reveals-about-ai-training-261001

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Analysis: How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training

    Source: The Conversation – Global Perspectives – By Aaron J. Snoswell, Senior Research Fellow in AI Accountability, Queensland University of Technology

    Anne Fehres and Luke Conroy & AI4Media, CC BY

    Grok, the artificial intelligence (AI) chatbot embedded in X (formerly Twitter) and built by Elon Musk’s company xAI, is back in the headlines after calling itself “MechaHitler” and producing pro-Nazi remarks.

    The developers have apologised for the “inappropriate posts” and “taken action to ban hate speech” from Grok’s posts on X. Debates about AI bias have been revived too.

    But the latest Grok controversy is revealing not for the extremist outputs, but for how it exposes a fundamental dishonesty in AI development. Musk claims to be building a “truth-seeking” AI free from bias, yet the technical implementation reveals systemic ideological programming.

    This amounts to an accidental case study in how AI systems embed their creators’ values, with Musk’s unfiltered public presence making visible what other companies typically obscure.

    What is Grok?

    Grok is an AI chatbot with “a twist of humor and a dash of rebellion” developed by xAI, which also owns the X social media platform.

    The first version of Grok launched in 2023. Independent evaluations suggest the latest model, Grok 4, outpaces competitors on “intelligence” tests. The chatbot is available standalone and on X.

    xAI states “AI’s knowledge should be all-encompassing and as far-reaching as possible”. Musk has previously positioned Grok as a truth-telling alternative to chatbots accused of being “woke” by right-wing commentators.

    But beyond the latest Nazism scandal, Grok has made headlines for generating threats of sexual violence, bringing up “white genocide” in South Africa, and making insulting statements about politicians. The latter led to its ban in Turkey.

    So how do developers imbue an AI with such values and shape chatbot behaviour? Today’s chatbots are built using large language models (LLMs), which offer several levers developers can lean on.

    What makes an AI ‘behave’ this way?

    Pre-training

    First, developers curate the data used during pre-training – the first step in building a chatbot. This involves not just filtering unwanted content, but also emphasising desired material.

    GPT-3 was shown Wikipedia up to six times more than other datasets as OpenAI considered it higher quality. Grok is trained on various sources, including posts from X, which might explain why Grok has been reported to check Elon Musk’s opinion on controversial topics.

    Musk has shared that xAI curates Grok’s training data, for example to improve legal knowledge and to remove LLM-generated content for quality control. He also appealed to the X community for difficult “galaxy brain” problems and facts that are “politically incorrect, but nonetheless factually true”.

    We don’t know if these data were used, or what quality-control measures were applied.

    Fine-tuning

    The second step, fine-tuning, adjusts LLM behaviour using feedback. Developers create detailed manuals outlining their preferred ethical stances, which either human reviewers or AI systems then use as a rubric to evaluate and improve the chatbot’s responses, effectively coding these values into the machine.

    A Business Insider investigation revealed xAI’s instructions to human
    “AI tutors” instructed them to look for “woke ideology” and “cancel culture”. While the onboarding documents said Grok shouldn’t “impose an opinion that confirms or denies a user’s bias”, they also stated it should avoid responses that claim both sides of a debate have merit when they do not.

    System prompts

    The system prompt – instructions provided before every conversation – guides behaviour once the model is deployed.

    To its credit, xAI publishes Grok’s system prompts. Its instructions to “assume subjective viewpoints sourced from the media are biased” and “not shy away from making claims which are politically incorrect, as long as they are well substantiated” were likely key factors in the latest controversy.

    These prompts are being updated daily at the time of writing, and their evolution is a fascinating case study in itself.

    Guardrails

    Finally, developers can also add guardrails – filters that block certain requests or responses. OpenAI claims it doesn’t permit ChatGPT “to generate hateful, harassing, violent or adult content”. Meanwhile, the Chinese model DeepSeek censors discussion of Tianamen Square.

    Ad-hoc testing when writing this article suggests Grok is much less restrained in this regard than competitor products.

    The transparency paradox

    Grok’s Nazi controversy highlights a deeper ethical issue: would we prefer AI companies to be explicitly ideological and honest about it, or maintain the fiction of neutrality while secretly embedding their values?

    Every major AI system reflects its creator’s worldview – from Microsoft Copilot’s risk-averse corporate perspective to Anthropic Claude’s safety-focused ethos. The difference is transparency.

    Musk’s public statements make it easy to trace Grok’s behaviours back to Musk’s stated beliefs about “woke ideology” and media bias. Meanwhile, when other platforms misfire spectacularly, we’re left guessing whether this reflects leadership views, corporate risk aversion, regulatory pressure, or accident.

    This feels familiar. Grok resembles Microsoft’s 2016 hate-speech-spouting Tay chatbot, also trained on Twitter data and set loose on Twitter before being shut down.

    But there’s a crucial difference. Tay’s racism emerged from user manipulation and poor safeguards – an unintended consequence. Grok’s behaviour appears to stem at least partially from its design.

    The real lesson from Grok is about honesty in AI development. As these systems become more powerful and widespread (Grok support in Tesla vehicles was just announced), the question isn’t whether AI will reflect human values. It’s whether companies will be transparent about whose values they’re encoding and why.

    Musk’s approach is simultaneously more honest (we can see his influence) and more deceptive (claiming objectivity while programming subjectivity) than his competitors.

    In an industry built on the myth of neutral algorithms, Grok reveals what’s been true all along: there’s no such thing as unbiased AI – only AI whose biases we can see with varying degrees of clarity.

    Aaron J. Snoswell previously received research funding from OpenAI in 2024–2025 to develop new evaluation frameworks for measuring moral competence in AI agents.

    ref. How do you stop an AI model turning Nazi? What the Grok drama reveals about AI training – https://theconversation.com/how-do-you-stop-an-ai-model-turning-nazi-what-the-grok-drama-reveals-about-ai-training-261001

    MIL OSI Analysis

  • EU ready to hit US with 21-billion-euro tariff list, Italy foreign minister says

    Source: Government of India

    Source: Government of India (4)

    The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two countries fail to reach a trade deal, Italy’s Foreign Minister Antonio Tajani said in a newspaper interview on Monday.

    President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal.

    Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new “quantitative easing” bond-buying-programme, and more interest rate cuts.

    The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement.

    Tajani said the 21-billion-euro package of tariffs the EU has already prepared could be followed by a second set if a deal with the U.S proves impossible. He added, however, that he was confident that progress could be made in negotiations.

    “Tariffs hurt every one, starting with the United States,” he said. “If stock markets fall that puts at risk the pensions and the savings of the Americans.”

    He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

    German Chancellor Friedrich Merz said on Sunday he would work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States.

    (Reuters)

  • EU ready to hit US with 21-billion-euro tariff list, Italy foreign minister says

    Source: Government of India

    Source: Government of India (4)

    The European Union has already prepared a list of tariffs worth 21 billion euros ($24.52 billion) on U.S. goods if the two countries fail to reach a trade deal, Italy’s Foreign Minister Antonio Tajani said in a newspaper interview on Monday.

    President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on Aug. 1, after weeks of negotiations with major U.S. trading partners failed to reach a comprehensive deal.

    Tajani also told daily Il Messaggero that to help the euro zone economy the European Central Bank should consider a new “quantitative easing” bond-buying-programme, and more interest rate cuts.

    The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement.

    Tajani said the 21-billion-euro package of tariffs the EU has already prepared could be followed by a second set if a deal with the U.S proves impossible. He added, however, that he was confident that progress could be made in negotiations.

    “Tariffs hurt every one, starting with the United States,” he said. “If stock markets fall that puts at risk the pensions and the savings of the Americans.”

    He said the goal should be “zero tariffs” and an open market among Canada, the United States, Mexico and Europe.

    German Chancellor Friedrich Merz said on Sunday he would work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States.

    (Reuters)

  • MIL-OSI Russia: China’s Foreign Trade Grew 2.9% in H1 2025 /detailed version-1/

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 14 (Xinhua) — China’s total import and export volume of goods stood at 21.79 trillion yuan (about 3.05 trillion U.S. dollars) in the first half of 2025, up 2.9 percent from a year earlier, data released by the General Administration of Customs showed Monday.

    According to the agency, the growth rate of foreign trade in goods accelerated from 2.5 percent, which was recorded in January-May of this year.

    In the first half of the year, exports grew by 7.2 percent, while imports fell by 2.7 percent. -0-

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

    .

    MIL OSI Russia News

  • MIL-OSI Russia: Three killed, three wounded in shootout in Kentucky

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    NEW YORK, July 13 (Xinhua) — Two women, aged 72 and 32, were killed in a shooting in the U.S. state of Kentucky on Sunday, officials said.

    The incident occurred around 11:35 a.m. ET near Blue Grass Airport, where a police officer pulled over a vehicle after receiving a signal to read the license plates. The suspect, who was in the vehicle, shot the officer, stole another car and fled the scene before driving to Richmond Road Baptist Church, where he killed two women, Lexington Police Chief Lawrence Withers said at a news conference.

    The fleeing suspect wounded two people before being shot by three police officers who arrived at the scene and declared dead. The injured officer is in stable condition.

    In a post on social media platform X, Kentucky Governor Andy Beshear called the incident a “senseless act of violence” and thanked local police for their prompt response. –0–

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

    .

    MIL OSI Russia News

  • Trump demands more concessions as EU holds off on US tariff countermeasures

    Source: Government of India

    Source: Government of India (4)

    The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement as U.S. President Donald Trump’s administration demanded more concessions from trading partners.

    Trump said on Saturday he would impose a 30% tariff on most imports from the EU and Mexico from August 1, adding to similar warnings for other countries and leaving them less than three weeks to hammer out framework deals that could lower the threatened tariff rate.

    White House Economic Adviser Kevin Hassett said on Sunday that countries’ trade deal offers so far have not satisfied Trump and “the tariffs are real” without improvements.

    “The president thinks that deals need to be better,” Hassett told ABC’s This Week program. “And to basically put a line in the sand, he sent these letters out to folks, and we’ll see how it works out.”

    Ursula von der Leyen, head of the EU’s executive Commission which handles trade policy for the 27 member states, said the bloc would maintain its two-track approach: keep talking and prepare retaliatory measures.

    “We have always been very clear that we prefer a negotiated solution. This remains the case, and we will use the time that we have now,” von der Leyen told a press conference, adding that the bloc would extend its halt on countermeasures until August.

    Von der Leyen’s decision to resist immediate retaliatory measures points to the European Commission’s desire to avoid a spiralling tit-for-tat escalation in the trade war while there remains a chance of negotiating an improved outcome.

    German Chancellor Friedrich Merz on Sunday said he was “really committed” to finding a trade solution with the U.S., telling German public broadcaster ARD that he will work intensively on this with von der Leyen and French President Emmanuel Macron over the next two and a half weeks.

    Asked about the impact of a 30% U.S. tariff on Germany, Merz said: “If that were to happen, we would have to postpone large parts of our economic policy efforts because it would interfere with everything and hit the German export industry to the core.”

    TEST OF UNITY

    The latest salvo from Trump and the question of how to respond may test the unity of member states, with France appearing to take a tougher line than Germany, the bloc’s industrial powerhouse whose economy leans heavily on exports.

    Macron said the Commission needed more than ever to “assert the Union’s determination to defend European interests resolutely”, and that retaliation might need to include so-called anti-coercion instruments.

    German Finance Minister Lars Klingbeil said on Sunday the EU should be ready to take firm action if talks failed.

    “If a fair negotiated solution does not succeed, then we must take decisive countermeasures to protect jobs and companies in Europe,” Finance Minister Lars Klingbeil, also vice chancellor in the ruling coalition, told Sueddeutsche Zeitung newspaper.

    While the EU has held back from retaliating against the U.S. in the months since Trump hit the bloc with tariffs, it has readied two packages that could hit a combined 93 billion euros of U.S. goods.

    A first package, in response to U.S. levies of 50% on imported steel and aluminium that would hit 21 billion euros in U.S. goods, was suspended in April for 90 days to allow time for negotiations. The suspension had been due to expire on Monday before the extension was announced.

    A second package in retaliation against Trump’s “reciprocal” tariffs has been in the works since May and was set to target 72 billion euros of U.S. goods. These measures have not been made public and the final list requires approval by member states.

    ANTI-COERCION INSTRUMENT

    Von der Leyen said on Sunday that the use of the EU’s Anti-Coercion Instrument was not yet on the table.

    The instrument allows the bloc to retaliate against third countries that put economic pressure on EU members to change their policies.

    “The (anti-coercion) instrument is created for extraordinary situations, we are not there yet,” she said.

    Possible retaliatory steps could include restricting EU market access to goods and services, and other economic measures related to areas including foreign direct investment, financial markets and export controls.

    In a sign of the EU’s desire to strike deals with more trading partners at a time of deepening uncertainty in trans-Atlantic relations, von der Leyen said a political agreement had been reached to advance an EU-Indonesia trade deal.

    France’s cheese producers warned of the damaging consequences of a 30% tariff for the local dairy industry, which exports nearly half its produce, including to the United States.

    “It’s a new environment we will have to get used to – I don’t think this is temporary,” Francois Xavier Huard, CEO of dairy association FNIL, told Reuters.

    (Reuters)

  • France’s Macron announces plan to accelerate military spending

    Source: Government of India

    Source: Government of India (4)

    President Emmanuel Macron on Sunday announced a plan to push forward France’s defence spending, pledging to double the military budget by 2027 – three years earlier than originally planned – in response to a complex geopolitical moment.

    France had aimed to double its defence budget from 2017 levels by 2030. However, Macron pledged to reach the target by 2027. A military budget that stood at 32 billion euros ($37.40 billion) in 2017 will rise to 64 billion euros by 2027, with an additional 3.5 billion euros allocated for next year and another 3 billion euros in 2027.

    He said the accelerated spending, which comes as France is struggling to make 40 billion euros in savings in its 2026 budget, would be paid for by increased economic activity.

    “Our military independence is inseparable from our financial independence,” he said. “This will be financed through more activity and more production.”

    He said Prime Minister Francois Bayrou would provide more details in an address on his plans for the 2026 budget on Tuesday. Bayrou is facing an uphill battle to steer billions of euros worth of savings through a bitterly divided parliament, as France strives to lower its budget deficit to keep EU bean-counters and foreign investors at bay.

    (Reuters)

  • Kudermetova and Mertens win Wimbledon women’s doubles title

    Source: Government of India

    Source: Government of India (4)

    Eighth seeds Veronika Kudermetova and Elise Mertens fought back from a set down to win their first Grand Slam as a pair, beating Hsieh Su-Wei and Jelena Ostapenko 3-6 6-2 6-4 in the Wimbledon women’s doubles final on Sunday.

    It was the first major title for Russia’s Kudermetova, who was on the losing side in the 2021 final against Mertens and Hsieh. The second Wimbledon crown for Belgian Mertens took her to five Grand Slam doubles titles.

    “It’s been incredible,” a tearful Mertens said as she summed up a memorable Wimbledon campaign, having also reached the fourth round in the singles.

    In the first set, Kudermetova held to go 3-1 up but the fourth seeds then won five straight games. The 28-year-oldRussian led the charge in the second set, holding twice as the pair got three breaks in a row to force a third set.

    Hsieh, who has won seven majors in women’s doubles including four Wimbledon titles, won a prolonged exchange with Kudermetova from the baseline to get the first break of the third set, before Ostapenko held without losing a point to take 4-2 lead.

    But erroneous returns from Hsieh hit the net as the eighth seeds broke back, and Kudermetova held to go 5-4 up before Ostapenko went long to lose a 26-shot rally and bring up match point.

    Kudermetova’s backhand from close range cut across the court to secure the match, finally fulfilling her dream of lifting the trophy at the All England Club.

    “A few years ago I was playing in the final here against Elise… I lost that final and it was so painful. Today I said to myself, I really want this,” Kudermetova said.

    (Reuters)

  • England rout neighbours Wales to cruise into Euro 2025 quarter-finals

    Source: Government of India

    Source: Government of India (4)

    Reigning champions England thrashed neighbours Wales 6-1 to reach the Women’s Euro 2025 quarter-finals on Sunday, securing second spot in Group D and cruising into the knockouts, where they will face Sweden, on a high note.

    Georgia Stanway, Ella Toone, Lauren Hemp, Alessia Russo, Beth Mead and Aggie Beever-Jones were all on target for England, who finished runners-up to France after their 5-2 victory over the Netherlands.

    Sarina Wiegman’s team will next face a Sweden side, who won all three of their games to top Group C, in the quarter-finals on Thursday.

    “It is going to be a difficult game. We watched (Sweden) the other night and they were really good. We need to be on our best game,” Toone said. “But we’re feeling confident, I think they should be scared.”

    The second-place finish, however, could be a bonus as provided they get past the Swedes, England would potentially avoid world champions Spain in the semi-finals.

    Stanway struck from the penalty spot in the 13th minute after a foul in the box, calmly sweeping her shot into the far-left corner past the outstretched hands of goalkeeper Olivia Clark to open the floodgates.

    Toone found the back of the net with a scrappy goal eight minutes later. England capitalised on a sloppy clearance by Rhiannon Roberts, with the ball falling to Russo who nudged it into the path of Toone who fired home at the second attempt.

    Hemp nodded a third inside 30 minutes after a clever pass from Lauren James to Toone near the byline. Toone found Hemp at the far post with a deep cross for an easy header.

    Russo bagged her first goal of the tournament just before halftime when Toone made another dart to byline before cutting the ball back for Russo, who took one touch to control it before firing home and Mead cut inside a defender before slotting England’s fifth in the 72nd minute.

    Hannah Cain pulled one back to the delight of the Wales fans, who celebrated by singing their national anthem, in the 76th minute, but England’s Beever-Jones replied in the 89th with her first goal in a major tournament, heading home Mead’s cross.

    “We scored six goals and a big part of the game we dominated, a very good game,” Wiegman said. “Playing well is the most important, who scores is not that important.”

    Much was made about the rivalry between the two nations, with Wales wanting nothing better than to spoil England’s party. Thousands of loud Welsh fans cheered and sang throughout Sunday’s match, despite the scoreline.

    But Wiegman’s team, World Cup finalists in 2023, showed their vast experience against a Wales side making their major tournament debut.

    “We were really good. It is always hard to play against a team that sits in a low block,” Toone said. “It was nice we got an early goal in the first half and we enjoyed the game.”

    England have won 10 of the 11 meetings between the two teams, with Wales’ best result being a 0-0 draw in 2018.

    “This is the beginning of a journey for us,” Wales midfielder Jess Fishlock said. “We’ve played three of the best teams in the world at this tournament and we’ve found out how big that jump is.”

    (Reuters)

  • Trump says US will send Patriot missiles to Ukraine

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump said on Sunday he will send Patriot air defense missiles to Ukraine, saying they are necessary to defend the country because Russian President Vladimir Putin “talks nice but then he bombs everybody in the evening.”

    Trump did not give a number of Patriots he plans to send to Ukraine, but he said the United States would be reimbursed for their cost by the European Union.The U.S. president has grown increasingly disenchanted with Putin because the Russian leader has resisted Trump’s attempts to negotiate a ceasefire between Ukraine and Russia.

    Ukrainian President Volodymyr Zelenskiy has asked for more defensive capabilities to fend off a daily barrage of missile and drone attacks from Russia.

    “We will send them Patriots, which they desperately need, because Putin really surprised a lot of people. He talks nice and then bombs everybody in the evening. But there’s a little bit of a problem there. I don’t like it,” Trump told reporters at Joint Base Andrews outside of Washington.

    “We basically are going to send them various pieces of very sophisticated military equipment. They are going to pay us 100% for that, and that’s the way we want it,” Trump said.

    He plans to meet NATO Secretary General Mark Rutte to discuss Ukraine and other issues this week.

    (Reuters)

  • MIL-OSI Russia: E. Macron announced an increase in France’s defense budget by 2027

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    PARIS, July 14 (Xinhua) — France will spend 6.5 billion euros (7.6 billion U.S. dollars) on its military over the next two years to bring its annual defense spending to 64 billion euros by 2027, French President Emmanuel Macron said in his annual address to the country’s armed forces on Sunday.

    E. Macron noted that military spending “is and will remain a source of wealth for our GDP, our economy and our regions.”

    The French president also announced plans to explore the possibility of creating a new national service initiative. –0–

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

    .

    MIL OSI Russia News

  • MIL-OSI Banking: Panasonic launches The Barikan as new series of pro hair clippers to take on the global market

    Source: Panasonic

    Headline: Panasonic launches The Barikan as new series of pro hair clippers to take on the global market

    Osaka, Japan, July 14, 2025 – Panasonic Corporation (https://holdings.panasonic/global/) today announced that its Living Appliances and Solutions Company (Panasonic) has launched The Barikan as its newest series of professional clippers for hair and beauty practitioners to accelerate its development of a global market. The professional T-shaped trimmer ER-XT70 emphasizing superior cutting performance and ease-of use will be released in September in Japan and Europe as the first model of the series.
    Panasonic’s involvement in professional hair clippers began 40 years ago, making use of its advanced technological capabilities refined through the development of electric shavers. Women hairdressers in particular highly appreciate Panasonic’s hair clippers for their quality and usability as tools for professionals, especially key features such as their lightness, ease of use, and precision cutting, allowing the brand to gain a top share in Japan and Europe (Germany, France, and Italy).
    In recent years barbers have built up their influence and presence with the widespread acceptance of fade hairstyles for men in which the hair tapers down from the top of the head and is clipped short on the sides and nape. Panasonic has intensified its product development and marketing activities for barbers in response to this. The company provides simply the best tools that support barbers to thrive and fully express themselves while staying in tune with barber culture. Panasonic is opening up new demand for barbers beyond Japan and Europe in places like the United States and Asia, expanding sales in the global market.
    These efforts seek to create a fusion of Japanese barber culture with those of other countries and build up collaborations with other industries, aiming to create new value for barbers. One such initiative is to train barbers in Ghana in cooperation with Mr. Brothers Cut Club, a Japanese barber shop that is redefining the timeless charm of classic American barber culture in a contemporary style and taking it worldwide. Panasonic has also signed ambassador agreements with the respective leading barbers of the original trend-setter, the United States, of Europe with its diverse sophisticated barber cultures in each country, and of Japan, the country where The Barikan was developed. Promotion content created in these three regions will be released worldwide.
    Panasonic intends to expand The Barikan series over the next three years to make it the globally recognized number one brand for barbers.

    MIL OSI Global Banks

  • MIL-OSI China: Trump says US to supply Patriot missiles to Ukraine

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

    U.S. President Donald Trump said on Sunday that the United States will send Patriot air defense missiles to Ukraine to help bolster the country’s defenses against Russian attacks.

    Speaking to reporters at Joint Base Andrews in Maryland, Trump explained that the European Union would purchase the missiles from the United States and then deliver them to Ukraine.

    “We basically are going to send them various pieces of very sophisticated military equipment. They are going to pay us 100 percent for that, and that’s the way we want it,” Trump said, without specifying the number of Patriot systems to be provided.

    The president also said that he plans to meet with NATO Secretary General Mark Rutte in the coming week to discuss Ukraine and other urgent matters. 

    MIL OSI China News