Category: Europe

MIL-OSI Security: NATO Allies step up multinational capability delivery cooperation

Source: NATO

Increasing transatlantic defence industry production capacity is imperative to meet higher defence investment demand signals and support NATO’s enhanced deterrence and defence effectively.

Multinational capability delivery initiatives are a cost-effective way of acquiring capabilities at speed and scale, which some Allies would not be able to do alone.

This proven and valuable approach is gaining new momentum as Allies work to meet NATO’s newly agreed capability targets.

At the NATO Summit Defence Industry Forum in The Hague on Tuesday (24 June 2025), Allies signed a number of new multinational projects and expanding existing ones. Belgium, Canada, Denmark, Germany, Greece, Italy, the Netherlands, Norway, Poland, Sweden, Türkiye and the United Kingdom committed to the joint acquisition, storage, transportation and management of stockpiles of defence critical raw materials, including through recycling existing products.

This High Visibility Project will help facilitate access to a sufficient supply of defence critical raw materials such as lithium, titanium and rare earth materials, which the Allied defence industry requires to deliver the capabilities needed to keep people safe. It will also help make NATO less vulnerable to supply shocks and reduce reliance on external providers. The project supports the implementation of NATO’s Defence Critical Supply Chain Security Roadmap, agreed by NATO Defence Ministers in June 2024.

The Multinational Multi Role Tanker Transport Fleet (MMF) programme also reached a new milestone, with Denmark and Sweden joining this initiative. In addition, the NATO Support and Procurement Agency (NSPA) signed a contract with Airbus Defence and Space for the acquisition of two additional A330 Multi Role Tanker Transport (MRTT) aircraft, raising the current fleet to 12 aircraft. Launched in 2012, the MMF programme is an example of effective NATO-EU collaboration, supported initially by the Organisation for Joint Armament Cooperation (OCCAR) and currently managed by NSPA. The fleet provides participating nations with critical capabilities in air-to-air refuelling, strategic airlift, and aeromedical evacuation.

Estonia, Finland, Italy, Latvia, the Netherlands and Sweden also broke new ground in supporting the further integration of new technologies in military operations, announcing the establishment of the first NATO Innovation Ranges. These are a key pillar of NATO’s Rapid Adoption Action Plan, which Allied Leaders are expected to endorse at the NATO Summit, and which aims to expedite innovation adoption, leverage new technologies at speed to deliver on capability targets, and increase production capacity through the inclusion of non-traditional suppliers in the defence industrial base. These ranges will enable Allies and NATO to test, refine, and validate new technological products in operationally realistic environments.

The NATO Support and Procurement Organisation (NSPO), NSPA’s governing body, also signed a partnership agreement with Australia. The agreement will allow Australia’s participation in the full range of NSPA activities and services, including, but not limited to, the fields of acquisition, logistics, operational and systems support and services. This is an important milestone in NATO’s cooperation with partners around the globe.

At the signing ceremony, NATO Deputy Secretary General Radmila Shekerinska also praised the conclusion of several new framework contracts by the NATO Support and Procurement Agency (NSPA) since January 2025, worth 4.7 billion euros, for critical munitions sourced from across the Alliance.

MIL Security OSI –

June 25, 2025
Russian missile attack kills nine, damages passenger train in southeast Ukraine

Source: Government of India

Source: Government of India (4)

A Russian missile attack on Ukraine’s southeastern Dnipropetrovsk region on Tuesday killed at least nine people, damaged civilian infrastructure and wounded dozens of train passengers, officials said.

The two-wave strike killed seven in the regional capital of Dnipro, said governor Serhiy Lysak, where the blast wave also shattered train carriage windows and showered passengers with broken glass.

Nearly 70 people including 10 children were injured, he said, adding the numbers could still rise. Two people were also killed in the town of Samar, around 10 kilometres (6 miles) from Dnipro, the state emergencies service said.

Ukrainian Foreign Minister Andrii Sybiha called on Kyiv’s Western partners to respond to the attack. NATO leaders are currently in The Hague for an alliance summit, where President Volodymyr Zelenskiy hopes to secure more military support against Russia’s full-scale invasionlaunched in 2022.

“It is a matter of credibility for allies to step up pressure on Moscow,” Sybiha wrote on X.

He added that schools, kindergartens and a hospital were also damaged in Dnipro. Officials did not provide details of damage in Samar.

Russia has stepped up air strikes on Ukraine in recent weeks, particularly its capital Kyiv, where 28 people were killed on June 17 in the deadliest such attack this year.

Another 10 people were killed in air attacks on Kyiv and the surrounding region on Monday.

(REUTERS)

June 25, 2025
Kremlin rejects charge it did little to help Iran

Source: Government of India

Source: Government of India (4)

The Kremlin on Tuesday pushed back against criticism that it had not done enough to back Iran, saying it had taken a “clear position” by condemning U.S. and Israeli strikes on the Islamic Republic.

President Vladimir Putin has condemned what he called “unjustified” U.S. attacks on nuclear sites in Iran, with which he signed a strategic cooperation treaty in January. He said on Monday that Russia would try to help the Iranian people, although he gave no specifics.

Iranian sources told media earlier this week that Tehran had not been impressed with Russia’s support so far.

Asked about comparisons to the toppling last year of Syrian leader Bashar al-Assad, when Moscow refused to send troops or more air power to keep its ally in power, the Kremlin said some people were trying to spoil the Russian-Iranian partnership.

“Russia actually supported Iran with its clear position,” Kremlin spokesman Dmitry Peskov said, adding that Iranian Foreign Minister Abbas Araqchi had appreciated Moscow’s stance when he met Putin on Monday.

It was still too early to assess the extent of the damage to Iran’s nuclear facilities, Peskov said.

“Some information is coming through the appropriate channels, but it is still too early,” Peskov said. “Hardly anyone has a clear understanding right now.”

Asked about a Reuters report that Araqchi had brought a letter to Putin from Supreme Leader Ayatollah Ali Khamenei, Peskov said there had been no written document handed over.

“The fact that there were certain messages from the Iranian leadership is true. But this Reuters report is not true,” Peskov said.

U.S. President Donald Trump announced on Monday a complete ceasefire between Israel and Iran, potentially ending the 12-day war that saw millions flee Tehran and prompted fears of further escalation in the war-torn region.

“If it has really been possible to achieve a ceasefire, then this can only be welcomed,” Peskov said, adding that Qatar had helped to broker the ceasefire.

“This is what the Russian Federation has been calling for since the very beginning of this conflict. Therefore, yes, this can and should be welcomed, and we hope that this will be a sustainable ceasefire.”

(Reuters)

June 25, 2025
Union Minister pays tribute to Kanishka bombing victims in Ireland on 40th anniversary

Source: Government of India

Source: Government of India (4)

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, paid homage to the victims of the Air India Flight 182 tragedy at the Ahakista Memorial in Cork, Ireland, on Monday. The commemoration marked the 40th anniversary of the bombing of the Air India Kanishka flight, which claimed 329 lives on June 23, 1985.

Minister Puri signed the Visitors Book at the memorial and led a high-level delegation comprising senior legislators from Punjab, Jammu and Kashmir, Uttar Pradesh, Rajasthan, Uttarakhand and Delhi. The delegation represented the Government of India at the solemn commemoration event hosted by the Mayor of County Cork, Councillor Joe Carroll.

The event was attended by the Prime Minister of Ireland, Micheál Martin, and Canada’s Minister of Public Safety, Gary Anandasangaree. Families of the victims also joined the ceremony, held in the coastal village of Ahakista, where debris from the ill-fated flight had been found.

Speaking at the event, Minister Hardeep Singh Puri laid a wreath at the memorial and paid tributes to the victims. “The bombing of Air India AI 182, an act of terrorism, was a stain on humanity,” he said. He also acknowledged the support extended by the people of Ireland during the aftermath of the tragedy. “We pay tribute to the community of Ahakista and the people of Ireland for the spirit with which they rose to the occasion in solidarity with the families of the victims,” the Minister noted.

Canadian Minister Gary Anandasangaree said, “The bombing of Air India Flight 182, 40 years ago, remains the single worst act of terrorism and mass murder in Canadian history.” Irish Prime Minister Micheál Martin described the incident as “cruel and horrific,” stating that “the passing of time does not dim the scale of loss and that atrocity.”

As part of the visit, the Indian delegation also participated in a solemn ceremony organised at the Embassy of India in Dublin. The Minister addressed the gathering of victims’ families and members of the Indian diaspora, reiterating India’s unwavering support for the bereaved families.

Minister Puri emphasized the need for global unity in fighting terrorism. “India remains firm in its commitment to combating terrorism and calls for strong international cooperation and understanding on this global threat,” he said.

The Air India Flight 182, operating on the Montreal–London–Delhi route, was bombed mid-air by Canada-based Khalistani terrorist group Babbar Khalsa on June 23, 1985. The attack killed all 329 people on board, making it one of the deadliest aviation terror attacks in history.

June 25, 2025
MIL-OSI Europe: Promoting gender inclusion in cybersecurity: OSCE holds first expert workshop as part of Mentorship programme for women cyber professionals

Source: Organization for Security and Co-operation in Europe – OSCE

Headline: Promoting gender inclusion in cybersecurity: OSCE holds first expert workshop as part of Mentorship programme for women cyber professionals

Promoting gender inclusion in cybersecurity: OSCE holds first expert workshop as part of Mentorship programme for women cyber professionals | OSCE

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MIL OSI Europe News –

June 25, 2025
MIL-OSI Europe: Promoting gender inclusion in cybersecurity: OSCE holds first expert workshop as part of Mentorship programme for women cyber professionals

Source: Organization for Security and Co-operation in Europe – OSCE

Headline: Promoting gender inclusion in cybersecurity: OSCE holds first expert workshop as part of Mentorship programme for women cyber professionals

Promoting gender inclusion in cybersecurity: OSCE holds first expert workshop as part of Mentorship programme for women cyber professionals | OSCE

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MIL OSI Europe News –

June 25, 2025
MIL-OSI: Volta Finance Limited – Net Asset Value(s) as at 31 May 2025
Source: GlobeNewswire (MIL-OSI)

Volta Finance Limited (VTA / VTAS)
May 2025 monthly report

NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES

Guernsey, June 24, 2025

AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for May 2025. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).

Performance and Portfolio Activity

Dear Investors,

In May, Volta Finance’s net performance reached +3.3% bringing the performance from August 2024 to date to +10.7%. Our investments in CLO Debt and CLO Equity recovered some of their post-liberation day volatility due to improved market sentiment.

May saw a more positive macroeconomic environment, helping markets recover most of the losses from the previous month. The 90-day tariff rollback from Washington towards China signaled a pause in the U.S. Both European and US Equity markets rose sharply, while credit indices showed a V-shaped recovery. U.S. 30-year Treasury yields rose above 5% for the first time since October 2023 after Moody’s downgraded the U.S. credit rating. Although yields fell back later in the month, this jump reminded investors of ongoing worries about fiscal health.

In terms of macroeconomic data, US inflation was encouraging as CPIs cooled to 2.3 % year-on-year while the euro-area inflation held at 2.2 %. Impacted by tariffs, the U.S. Q1 GDP contracted by an annualized 0.3 % due to pre-tariff stockpiling, while the Eurozone experienced growth of +0.3% quarter-on-quarter, supported by resilient demand in the Services industry. Labor markets also showed positive figures on both sides of the Atlantic, with the euro-area unemployment rate reaching a record-low of 6.2 % notably.

Credit markets performed strongly in May. The European High Yield index (Xover) was around 50bps tighter and closed 300bps. On the Loan side, Euro Loans closed almost 1pt up at 97.80px (Morningstar European Leveraged Loan Index) while US Loans closed c. 1 pt up at 96.70px. The primary CLO markets were active again, with levels tightening across the capital structure, notably with BBs in the Mid +500bps. In terms of performance, US BBs total returned +3% on the month. For comparison, US High Yield returned +1.7% in the same period while Euro High Yield was down +1.3% and Global Loans up +1.5%.

In terms of loan fundamentals, default rates remained steady at 4.4% in the US (including Liability Management Exercises) but we noticed an uptick in downgrades with 12% of B- exposures downgraded down to CCC category by S&P in the US loan market.

Due to ongoing uncertainties, we consciously decided not to fully reinvest our 16% cash position at the end of April. We ended May with c.10% of Volta’s NAV in cash, with capital deployment into €10.7m of CLO debt tranches as well as into our 2 warehouses. Our European CLO warehouse was converted into an effective CLO Equity at the end of the month. In addition, Volta Finance’s cashflow generation remained stable at €28.1m equivalent in interests and coupons over the last six months, representing close to 21% of May’s NAV on an annualized basis.

Over the month, Volta’s CLO Equity tranches returned +5.9%** while CLO Debt tranches returned +2.8% performance**. The dollar slipped to a six-week low against the Euro at $1.15 per Euro with very limited impact of our long dollar exposure in terms of performance (-0.02%). In this uncertain macroeconomic environment, we have kept our net long USD exposure at c.13% to limit the potential for margin calls.

As of end of May 2025, Volta’s NAV was €271.8m, i.e. €7.43 per share.

*It should be noted that approximately 0.24% of Volta’s GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 0.17% as at 30 April 2025, 0.07% as at 31 March 2025.

** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.

CONTACTS

For the Investment Manager
AXA Investment Managers Paris
François Touati
francois.touati@axa-im.com
+33 (0) 1 44 45 80 22

Olivier Pons
Olivier.pons@axa-im.com
+33 (0) 1 44 45 87 30

Company Secretary and Administrator
BNP Paribas S.A, Guernsey Branch
guernsey.bp2s.volta.cosec@bnpparibas.com
+44 (0) 1481 750 853

Corporate Broker
Cavendish Securities plc
Andrew Worne
Daniel Balabanoff
+44 (0) 20 7397 8900

*****
ABOUT VOLTA FINANCE LIMITED

Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.

Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets.

*****

ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,800 professionals and €859 billion in assets under management as of the end of June 2024.

*****

This press release is published by AXA Investment Managers Paris (“AXA IM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by AXA IM.

This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.

*****

This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.

*****
This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements.

Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.

The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.

The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.

Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide – 92800 Puteaux. AXA IMP is authorized by the Autorité des Marchés Financiers under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive.

*****

Attachment
- Volta – Monthly report-May 2025
The MIL Network –
June 24, 2025
MIL-OSI United Kingdom: FSB report confirms dire consequences of Protocol

Source: Traditional Unionist Voice – Northern Ireland

Statement from TUV leader Jim Allister:-

“Today’s FSB report, “Windsor Framework Realities” confirms from an objective business standpoint the worsening economic consequences of the Irish Sea border – the very border some stooped to lies to try and pretend was gone!

“The findings that 58% of those trading from GB to NI report impeding frictions and 34% of firms having stopped trading between GB and NI, confirms how much by design the Protocol is reorientating our economy away from its natural and essential GB alignment. When 78% of NI businesses responding to the FSB survey declare negative impacts from the Protocol, then if government cared anything for the integrity of the UK and its internal market, it would act.

“When taken with the NISRA figures on trade diversion, it is clear we are long past the point when HMG should be acting under Article 16 of the Protocol. But, sadly, this government is so beholden to the EU that it will readily sacrifice NI business in favour of placating Brussels.

“Things need not be as they are. There is a ready made solution in ‘mutual enforcement’, but Starmer and co care only about edging the whole UK back under Brussels’ control.”

MIL OSI United Kingdom –

June 24, 2025
MIL-OSI Submissions: Middle East turmoil lays the case bare for real portfolio diversification – deVere Group

Source: deVere Group

June 24 2025 – The volatile developments across the Middle East—culminating in a dramatic US-brokered ceasefire between Israel and Iran—underscore, yet again, a powerful and urgent truth: diversification isn’t optional. It’s a necessity.

Markets around the world have been on a knife’s edge for nearly two weeks, reacting sharply to every twist in the conflict.

Brent crude tumbled nearly 5% after Iran’s missile strike on the Al Udeid air base, interpreted by markets as a restrained signal rather than an escalation.

With confirmation of the ceasefire, European stocks have surged—Germany’s DAX jumped 2%, the French CAC 40 climbed 1.8%, and futures for the S&P 500 in the US are pointing higher. Yet energy stocks have taken a hit as oil prices slide.

Nigel Green, CEO of global financial advisory deVere Group, said the “whiplash” in prices across commodities, equities, and safe-haven assets is not just a response to geopolitics—it’s a “flashing red warning light” for investors with narrow allocations.

“The events of the past two weeks are a textbook case for true portfolio diversification,” he says.

“One day oil is spiking on nuclear fears, the next it’s plunging on de-escalation. Stocks swing wildly depending on headlines out of Tehran or Tel Aviv. You can’t build or preserve wealth if your investment strategy is overly concentrated in one region, sector, or asset class. That’s not a strategy; that’s a gamble.”

As the conflict escalated, oil prices spiked on fears of supply disruption. Brent crude surged above $72 before crashing back to near $68 following signs of restraint and the ceasefire announcement. Defence stocks rallied while Middle East-exposed emerging markets sank. Gold flirted with $2,400 as investors scrambled for safety.

Nigel Green says that for investors, this sequence of events should trigger immediate action.

“Every global investor must ask themselves today: Am I protected against geopolitical shocks? Do I have meaningful exposure to counter-correlated assets? Am I truly diversified across sectors, geographies, currencies, and asset classes?”

He adds: “Diversification doesn’t mean owning five different tech stocks or parking all your money in a single bond fund. It means uncorrelated positions across the risk spectrum—think gold, infrastructure, dividend-paying stocks, green energy, and alternatives like real estate and digital assets.”

Nigel Green also warns that while the ceasefire offers relief, it doesn’t remove risk.

“This truce is fragile. It’s politically brokered and militarily uneasy. One wrong move and tensions could flare again, dragging markets down with them. That’s the danger of relying too heavily on a single narrative or region in your portfolio.”

The deVere CEO notes that while markets may breathe a sigh of relief in the short term, the deeper issue is structural instability in a critical region for energy, security, and global trade routes.

“The Middle East remains a geopolitical powder keg, and history tells us that calm doesn’t last.

“What does last is a properly diversified portfolio, one that absorbs these shocks without falling apart.”

With global equities rallying and oil prices sliding, some investors may be tempted to lean back into familiar strategies. Nigel Green says this would be a critical mistake.

“When markets are jittery, many investors double down on what they know—often increasing risk without realising it. What’s needed now is a measured, deliberate shift into broader exposure.”

He concludes: “You diversify when the skies are clear, so that you’re protected when the storm breaks.

“But after what we’ve just seen in the Middle East, the need for real diversification isn’t hypothetical, it’s immediate.”

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

MIL OSI – Submitted News –

June 24, 2025
MIL-OSI Africa: Minister of State for Foreign Affairs Receives Phone Call from Spanish Secretary of State for Foreign, Global Affairs

Source: Government of Qatar

Doha, June 24, 2025

HE Minister of State for Foreign Affairs Sultan bin Saad Al Muraikhi received a phone call on Tuesday from HE Secretary of State for Foreign and Global Affairs of the Kingdom of Spain Diego Martinez Belio.

During the phone call, they discussed cooperation relations between the two countries and ways to support and enhance them, in addition to other topics of mutual interest.

HE Spanish Secretary of State for Foreign and Global Affairs expressed his country’s solidarity with the State of Qatar after the Iranian missile attack on Qatar’s Al-Udeid Air Base.

MIL OSI Africa –

June 24, 2025
MIL-OSI United Kingdom: The Judicial Committee of the Privy Council overturns Jersey’s first declaration of incompatibility with human rights law24 June 2025 Jersey’s Attorney General, Mark Temple KC, and the Jersey Competent Authority, the Minister for Treasury and Resources, have succeeded in a landmark appeal before the Judicial Committee of the Privy… Read more

Source: Channel Islands – Jersey

24 June 2025

Jersey’s Attorney General, Mark Temple KC, and the Jersey Competent Authority, the Minister for Treasury and Resources, have succeeded in a landmark appeal before the Judicial Committee of the Privy Council.

In a ruling handed down this morning, Jersey’s highest appellate court overturned the declaration made by the Court of Appeal last year under the Human Rights (Jersey) Law 2000 that the International Co-operation (Protection from Liability) (Jersey) Law 2018 is incompatible with human rights. This was the first declaration of incompatibility made by a Jersey court.

That Law, introduced in 2018, includes provisions that place limits on the costs and damages that can be awarded against public authorities in Jersey where public authorities have made decisions in good faith to fulfil a request from the authority of another country. The Court of Appeal had found that these provisions infringed Article 6(1) of the European Convention on Human Rights (ECHR) – ie the right to a fair trial in a civil case. However, the Attorney General and Jersey’s Competent Authority in tax information exchange cases have now succeeded, on appeal, in reversing that decision and other findings of the Court of Appeal.

Commenting on today’s judgment, Jersey’s Attorney General, Mark Temple KC said: “I am pleased that the Judicial Committee has allowed this appeal and overturned the declaration of incompatibility. I explained at the hearing of the appeal that the matter was of great importance for Jersey and that the Court of Appeal’s decision was the first time that a declaration of incompatibility had been made by a court in Jersey. I am therefore also grateful to the Judicial Committee for providing authoritative guidance concerning applications for declarations of incompatibility under the Human Rights (Jersey) Law 2000 and whether legislation pursues a legitimate aim.”

Deputy Elaine Millar, Minister for Treasury and Resources, commented: “I also welcome this judgment. It is vital that Jersey has a robust domestic legal framework which enables the Island to comply with its international obligations – in this case Jersey’s obligations under the OECD Mutual Assistance Convention, which are important for our financial services industry – in a timely and effective way. The States Assembly enacted the 2018 Law to ensure that public authorities in Jersey should not be constrained by the threat of large, unexpected costs liabilities when they are acting to provide assistance in good faith to other countries.”

The Court of Appeal had made the declaration in proceedings brought by Imperium Trustees (Jersey) Limited to challenge a notice issued in 2022 by the office of the Comptroller of Revenue on behalf of the Minister as the Jersey Competent Authority to produce tax information, for exchange with the authorities of Belgium, concerning a Jersey law trust administered by Imperium.

The Judicial Committee has found, contrary to the Court of Appeal, that the essential nature of those underlying proceedings is a “tax matter” as the core issue to be resolved is the lawfulness of a notice to produce tax information, not one of the peripheral issues relating to confidentiality that were raised by Imperium.

In the case law of the European Court of Human Rights, tax matters form part of what is known as “the hard core of public authority prerogatives”, being areas of law involving the state’s exercise of its public authority, which fall outside the scope of what are considered “civil rights and obligations” within Article 6(1) ECHR.

As a result, Article 6(1) ECHR was found not to be engaged in the Imperium case, and this was sufficient for the Judicial Committee to uphold the whole appeal. The Judicial Committee chose, however, to make a number of further points in relation to the Court of Appeal’s wider decision and the procedure it had followed in the context of rights under the ECHR.

In particular, the Judicial Committee was critical of the declaration having been made in an abstract manner without any actual evidence of the infringement of the rights of the persons before the court, namely Imperium. The Board said it was not open for the Court to do so by reference to litigants and matters that were not before the Court.

The justices also took issue with how the majority of the Court of Appeal had approached the question of whether the 2018 Law pursued a legitimate aim. They approved the statement by Jersey Justice of Appeal James Wolffe KC, who had dissented on this point in the Court of Appeal, that the correct approach is to have regard to the Law’s underlying social purpose, to focus not on what the measure does but the reason why it was enacted. Therefore, it was permissible for the Court to look beyond the provisions of the Law itself; to examine materials such as the Projet de Loi and the speeches made by the Ministers and Scrutiny Panel members in the States Assembly as recorded in Hansard.

The judgment of the Judicial Committee is available here.

MIL OSI United Kingdom –

June 24, 2025
MIL-OSI United Kingdom: Manchester City Council takes pioneering step to tackle end of life poverty
Source: City of Manchester

Manchester Council and the UK’s leading end of life charity Marie Curie are working together to ensure people in the city who are living with a terminal illness become exempt from paying Council Tax.

Carried out as part of a larger plan to support the most vulnerable residents in Manchester, the Council has looked at as many ways as possible to help those who know have been struggling over recent years.

Marie Curie’s recent ‘Dying in Poverty’ report found that in Manchester around 42% of working age and 30% of pension age residents die in poverty. 

Addressing this profoundly important issue is at the heart of the Council’s strategy, with a number of key changes being made in recent years directed at tackling the root causes of poverty, and ensuring that people do not slip back into it.

This new proposal sets out a plan for the council to change its Discretionary Council Tax Policy (DCTP) to explicitly include a commitment to support people who have been diagnosed with a terminal illness.

This form is completed by a clinician which confirms a person has a progressive disease, and consequently their patient is expected to pass away within a 12-month period.

Using DCTP the Council will make up the difference of any shortfall in CTS so that in any situation where a member of the household qualifies – whether an adult, child or non-dependant – the household will have nothing to pay. The support will then apply to the household’s council tax bill until the date of the persons death.

The Council will also be working to ensure that a “tell us once” protocol is in place so that, in the event of a claimant’s passing, no undue burden will fall upon their family. Steps will also be in place to retain the discount for the remainder of the financial year in the event of a person’s passing, to provide additional support for their family.

It is estimated that this scheme would support around 175 residents in Manchester, the majority of which would be of working age.

In addition to this change in policy, a great deal of work has already been carried out to alleviate the worst of the cost-of-living crisis for Mancunians.

To date the Council has:
- Provided free school meals to 46,000 children and young people during the holidays over the past year
- Directed more than £1m of supplies to community food banks and groups since 2022, spending an additional £155,000 on food-related support for residents
- Connected with close to 14,000 people via our Cost-of-Living Advice Line since October 2022
- Distributed more than 2,000 phones, laptops or computers to people who may be digitally excluded, as well as providing more than 7,000 SIM cards since 2020
- Made £2.6m in grant payments to nearly 2,122 residents to help them stay in their homes
- Issued £1m in grant funding to 70 voluntary and community organisations who last year were able to help around 54,000 residents
- The Holiday Activity Fund, which provides free activities as well as a free meal to children during the holidays has seen more than 24,000 children attend during half terms and summer holidays
Councillor Bev Craig, Leader of Manchester City Council said: “The moment when you or your family member gets the devastating news of terminal illness is heartbreaking. The last thing you need to worry about money and bills, but we know for too many people it takes up too much time and stress.

“Too many people are living in poverty in our city and the council is committed to doing all it can to alleviate it in the short term, and build ways out of poverty in the long term. That’s why we are exempting people with a terminal illness from Council Tax alongside a wider package of support with the cost of living, doing everything in our power to ensure families have one less thing to worry about during such a difficult time.

“We want to thank Marie Curie for their vital work, and as a Council want to do all we can to ease the burden at the end of someone’s life.”

Jamie Thunder, Senior Policy Manager for Financial Security at Marie Curie, said: “The end of life should be a time to focus on what really matters – but for too many people, it’s dominated by financial difficulty as their income drops and costs rise.

“We’re therefore delighted that Manchester City Council are taking this pioneering step, which will make a real difference to people with a terminal illness at the time they need it most. We hope other councils in the North West and across the country will follow suit, and help to ensure that no-one dies in poverty.”
MIL OSI United Kingdom –
June 24, 2025
MIL-OSI Russia: Registration for the night bike festival has opened in the capital

Translation. Region: Russian Federal

Source: Moscow Government – Government of Moscow –

The night bike festival will take place in the capital on July 5. Participation in one of the brightest summer events for fans of cycling and active recreation is free, but advance registration on the official website of the event is required.

“Residents and guests of the capital have come to love our cycling festivals. More and more participants join them each time. This year, Sergei Sobyanin has ordered two night cycling festivals to be held. Anyone interested can already register for the first night cycling race, which will take place on July 5,” said Deputy Mayor of Moscow for Transport and Industry

Maxim Liksutov.

Festival program

The starting town will open at 20:00. The start of the race is divided into two time intervals: at 21:00 and at 22:00. Participants choose the time when registering. The 27-kilometer route will start from Luzhnetskaya Embankment and end near Sokolniki Park. The entertainment program will last four hours and end at midnight.

The organizers remind: to ensure that all participants are comfortable, it is important to arrive at the start within the selected time slot. For safety reasons, they are advised to use equipment: a helmet, elbow and knee protection, and bicycle lights. Details and registration are available atwebsite events.

Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

https: //vv.mos.ru/nevs/ite/155750073/

MIL OSI Russia News –

June 24, 2025
MIL-OSI Africa: Eritrea: Diaspora Nationals Commemorate Martyrs Day

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Eritrean nationals in Switzerland, Saudi Arabia, United Arab Emirates, Sweden, the United States, Russian Federation, South Sudan, Austria, and Finland have commemorated Martyrs Day with pride.

Eritrean communities in the Swiss cities of Geneva, Lausanne, Valais, Bern, Zurich, Chur, St. Gallen, Solothurn, Basel, Zug, Lucerne, Schaffhausen, and Ticino; Abu Dhabi and its environs in the UAE; Gothenburg, Sweden; Ohio, USA; Moscow, Russian Federation; Vienna, Austria; Aweil and Wau, South Sudan; as well as the Finnish cities of Helsinki, Jyvaskyla, Lahti, and Oulu commemorated Martyrs Day with patriotic zeal. Participants pledged to strengthen their engagement in supporting the Martyrs Trust Fund and the families of martyrs.

Nationals in Aweil, South Sudan, assumed responsibility for supporting 130 families of martyrs and contributed 3,500 US dollars. Nationals in Abu Dhabi and its environs contributed 5,150 Dirhams, while nationals in Finland contributed 2,830 Euros toward augmenting the Martyrs Trust Fund.

Nationals in Switzerland who had previously taken on the responsibility of supporting families of martyrs reaffirmed their commitment. Nationals in Canton Geneva and Canton Bern contributed 4,184 Swiss francs; Canton Schaffhausen, 1,320 Swiss francs; Canton St. Gallen, 2,920 Swiss francs; Canton Lausanne, 3,360 Swiss francs; Canton Lucerne, 5,000 Swiss francs; Canton Zurich, 5,565 Swiss francs; Canton Valais, 515 Swiss francs; and Canton Aargau, 500 Swiss francs. The Eritrean community in Biel/Bienne contributed 10,000 Swiss francs to the Martyrs Trust Fund.

Similarly, nationals in Bern contributed 5,000 Swiss francs in support of seven families of martyrs; nationals in Graubünden contributed 3,600 Swiss francs for five families; and nationals in St. Gallen contributed 10,800 Swiss francs in support of 15 families of martyrs.

Likewise, nationals residing in Dammam, Saudi Arabia, have pledged to assume responsibility for supporting 11 families of martyrs.

Events in all cities featured candlelight vigils and walkathon programs.

In related news, 114,000 Nakfa contributed by staff members of the Northern Red Sea Region administration and Foro sub-zone has been distributed to families of martyrs.

Distributed by APO Group on behalf of Ministry of Information, Eritrea.

MIL OSI Africa –

June 24, 2025
MIL-OSI Europe: OSCE convenes high-level Annual Security Review Conference to address the current security situation in the region

Source: Organization for Security and Co-operation in Europe – OSCE

Headline: OSCE convenes high-level Annual Security Review Conference to address the current security situation in the region

VIENNA, 24 JUNE 2025 – The Organization for Security and Co-operation in Europe (OSCE) will hold a two-day Annual Security Review Conference (ASRC) in Vienna on 25 and 26 June 2025.
Organized this year by the Finnish 2025 OSCE Chairpersonship, the Conference will bring together diplomats and high-level officials from the capitals of the 57 OSCE participating States.
On 25 June, the opening session will feature keynote remarks by OSCE Chairperson-in-Office, Finnish Minister for Foreign Affairs Elina Valtonen (remotely), OSCE Secretary General Feridun H. Sinirlioğlu, and the Under-Secretary of State for Foreign and Security Policy of Finland Outi Holopainen.
Journalists are invited to follow the livestream of the keynote segment of the opening session, beginning at 11:30 on Wednesday, 25 June 2025: www.osce.org/live
The ASRC is one of the OSCE’s main events for fostering dialogue on regional security challenges, providing an essential platform for comprehensive discussions on contemporary security threats facing Europe and the role of the OSCE in addressing them.

MIL OSI Europe News –

June 24, 2025
MIL-OSI Europe: Germany 2025 early parliamentary elections: ODIHR election assessment mission final report

Source: Organization for Security and Co-operation in Europe – OSCE

Headline: Germany 2025 early parliamentary elections: ODIHR election assessment mission final report

Germany’s parliamentary elections in February were competitive and professionally managed, despite logistical challenges due to tight deadlines. While fundamental freedoms were respected overall, the vibrant campaign was targeted by disinformation and foreign interference and marked by polarization.
Media coverage of the campaign was extensive and varied, allowing citizens to make an informed choice on election day. At the same time, several aspects of the electoral legislation were of concern and need further review. These relate to the criminalization of defamation, insufficient transparency and scope of campaign finance regulations, limited effectiveness of election dispute resolution and lack of efforts to promote women’s participation in political life.
These are some of the main conclusions from the final report, published by the OSCE Office for Democratic Institutions and Human Rights (ODIHR). The report offers recommendations to bring elections in Germany closer in line with OSCE commitments and international standards for democratic elections.
Key recommendations include:

Aligning the legal framework with the commitments made by all OSCE states as well as international standards through an inclusive consultation process;
Increasing efforts to ensure women’s active participation in public and political life;

Addressing electoral violence proactively;
Strengthening freedom of expression by lifting criminal sanctions for defamation;

Ensuring timely and effective remedy for violations of election-related legislation;
Improving the campaign finance framework by establishing timely and transparent reporting and setting up an independent oversight body;

Enhancing the transparency and integrity of the electoral process by publishing detailed and disaggregated election results;
Guaranteeing the unrestricted access of citizen and international observers to the entire electoral process.

The ODIHR Election Assessment Mission to the 23 February early parliamentary elections started work on 10 February and remained in the country until 26 February.
The ODIHR mission also assessed the country’s efforts to implement previous recommendations through changes in legislation, procedures and practices. For Germany, the ODIHR mission evaluated the follow-up to recommendations from the 2017 and the 2021 parliamentary elections, and concluded that 1 recommendation had been fully implemented and 4 partially addressed, while others are still outstanding. A full list can be found on p. 32 of today’s report.
All 57 countries across the OSCE region have formally committed to follow up promptly on ODIHR’s election assessments and recommendations. The ODIHR Electoral Recommendations Database tracks the extent to which recommendations are implemented by states across the OSCE region.

MIL OSI Europe News –

June 24, 2025
MIL-OSI Europe: OSCE Presence presents feasibility study for Research Centre on Local Development at Gjirokastra University

Source: Organization for Security and Co-operation in Europe – OSCE

Headline: OSCE Presence presents feasibility study for Research Centre on Local Development at Gjirokastra University

OSCE Presence in Albania presents feasibility study for Research Centre on Local Development at Gjirokastra University. (OSCE/Shila Bandilli) Photo details

On 24 June, the OSCE Presence in Albania, in partnership with the University of Gjirokastra, presented the findings of a feasibility assessment for a Research Centre for Local Development.
The event convened academic staff, government representatives, civil society, students, and local stakeholders to discuss the pivotal role of research and data in supporting policymaking and fostering sustainable local development.
The meeting was officially opened by Professor Jaho Cana, Rector of the University of Gjirokastra; Ambassador Michel Tarran, Head of the OSCE Presence in Albania; and representatives from the Municipality of Gjirokastra and the Agency for the Support of Local Self-Government.
In his remarks, Ambassador Tarran, the Head of OSCE Presence in Albania, emphasized the critical role that academic research can play in addressing the complex issues confronting local communities. “Local governments are at the forefront of tackling challenges such as economic growth, depopulation, environmental degradation, and climate change. A dedicated research centre can provide the tools, analyses, and trained professionals necessary to support evidence-based decisions and build long-term resilience,” he stated.
The feasibility study, conducted by an OSCE-contracted expert, is the result of extensive consultations with academic staff, municipalities, and local stakeholders. It identifies clear needs, opportunities, and potential models for the establishment of an interdisciplinary research hub designed to support policy formulation, local economic and social development, and regional capacity-building.
This initiative forms part of the OSCE Presence’s ongoing support to strengthening local governance in Albania, by introducing new instruments and tools for co-operation among authorities, civil society, academia, and the business sector to foster sustainable and inclusive growth across the country.

MIL OSI Europe News –

June 24, 2025
MIL-OSI United Kingdom: Animal Sentience Committee letter regarding planning policy proposals

Source: United Kingdom – Executive Government & Departments

Correspondence

Animal Sentience Committee letter regarding planning policy proposals

Letter from the Animal Sentience Committee to the Environment, Food and Rural Affairs Committee regarding planning policy changes, including the Planning and Infrastructure Bill.

Documents

Planning policy changes, including the Planning and Infrastructure Bill: letter from the Animal Sentience Committee

HTML

Details

The Animal Sentience Committee sent this letter to the Environment, Food and Rural Affairs Committee (EFRA) committee on 24 June 2025. It outlines the committee’s view on the consideration of impacts on animal welfare in planning policy proposals.

Updates to this page

Published 24 June 2025

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MIL OSI United Kingdom –

June 24, 2025
MIL-OSI United Kingdom: Panko & Sushi joins the line-up at Capital&Centric’s Goods Yard

Source: City of Stoke-on-Trent

Published: Tuesday, 24th June 2025

The buzz around social impact developer Capital&Centric’s Goods Yard is cranking up another notch, as Panko & Sushi gears up to bring its knockout Japanese flavours to the canalside neighbourhood.

They’re taking over a 1,650 sq ft commercial unit on the ground floor of the Goods Yard apartment building, ready to open their doors later this year.

This is all part of the plan for Goods Yard, Capital&Centric’s game-changing neighbourhood in Stoke-on-Trent. The development features 174 design-led rental homes, 30,000 sq ft of workspace and a stack of spaces for independent bars, restaurants, coffee shops and stores – all built around a lush, green public square that’s already become a new go-to spot for locals and visitors.

Founded by Edward Cayton, who has 27 years of experience in the hospitality industry and a passion for Japanese cuisine, Panko & Sushi is set to inject a fresh slice of contemporary Japan into the Goods Yard mix. Their move underlines the growing draw of this new neighbourhood, which also counts global property advisors Avison Young among its first tenants in the Pavilion building.

The developer recently threw open the doors to Goods Yard’s 174 apartments, with queues around the block as locals got their first look inside. Demand has been sky-high, with many of the homes already snapped up.

Tom Wilmot, Joint Managing Director at Capital&Centric, said: “Having Panko & Sushi choose Goods Yard shows how this new neighbourhood is already turning heads. Their energy and creativity fit perfectly with what we’re all about – bringing authentic, independent vibes to the heart of Stoke-on-Trent. We’re excited to see them add their own flavour to the mix and help make Goods Yard the city’s new social hub.”

Edward Cayton, founder of Panko & Sushi said: “We’ve always believed in finding neighbourhoods with real character and buzz, and Goods Yard has that in spades. There’s a great energy and community vibe here – it’s the perfect spot for Panko & Sushi to land in Stoke. We can’t wait to open our doors and start serving up fresh, flavour-packed dishes to our new neighbours.”

Councillor Finlay Gordon-McCusker, Cabinet Member for Transport, Infrastructure and Regeneration, Stoke-on-Trent City Council said: “This is more fantastic news – coming hot on the heels of the announcement that Cotton, an independent coffee shop and sandwich specialists are also opening at the Goods Yard.

“There is real interest both commercially and from people looking to move in and rent homes too. The development is a real centre piece for the regeneration of our city and it is creating exciting community-based opportunities, while delivering an economic boost.”

With commercial spaces ranging from 1,200 sq ft to 14,000 sq ft across The Vaults, Signal Box on Glebe Street, the new build Pavilion, and the industrial-style units on the ground floor of the apartment building, Goods Yard is quickly shaping up as the city’s place to be.

MIL OSI United Kingdom –

June 24, 2025
MIL-OSI Russia: Military parade in China to showcase domestically produced military equipment in active service

Translation. Region: Russian Federal

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

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

BEIJING, June 24 (Xinhua) — Domestic military equipment in active service with the People’s Liberation Army (PLA) will be on display at a military parade scheduled to be held in Beijing’s Tiananmen Square on Sept. 3, a military officer said at a press conference Tuesday.

On September 3, China will hold a military parade in Tiananmen Square in central Beijing to mark the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the victory in the World Anti-Fascist War.

The military parade will feature foot columns, military equipment columns and air echelons. It will feature new types of combat forces, including unmanned intelligent technology.

Major General Wu Zeke of the Joint Staff of the Central Military Commission (CMC) said the formations to be displayed at the military parade will clearly demonstrate the restructured composition of China’s armed forces as a result of recent military reforms.

According to him, the columns of military equipment at the military parade will demonstrate China’s latest achievements in the development of the military equipment system.

The military parade will reflect the new model of using PLA forces – unified command, coordinated operations and comprehensive support, as well as the country’s ability to independently innovate in weapons, the major general added.

The air echelons will highlight the systematic development of China’s air force combat capabilities and the rapid progress of modern strike power, Wu Zeke noted. -0-

MIL OSI Russia News –

June 24, 2025
MIL-OSI Russia: Kuomintang veterans who fought in the War of Resistance Against Japanese Aggression will be invited to the military parade on September 3

Translation. Region: Russian Federal

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

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

BEIJING, June 24 (Xinhua) — Veterans of the Kuomintang Party troops who fought in the Chinese People’s War of Resistance Against Japanese Aggression will be invited to attend the military parade in Tiananmen Square in Beijing scheduled for Sept. 3.

The military parade will be held as part of a series of events marking the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, a press conference announced on Tuesday.

As reported at the press conference, veterans of the military, labor and militia, as well as representatives of those who distinguished themselves in providing support to the front during the fight against the Japanese invaders, and relatives of the heroes who died in the war will be invited to watch the parade. -0-

MIL OSI Russia News –

June 24, 2025
MIL-OSI Russia: UN peacekeepers from China to take part in military parade on September 3

Translation. Region: Russian Federal

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

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

BEIJING, June 24 (Xinhua) — Chinese troops with experience in UN peacekeeping will take part in a military parade on Sept. 3 to mark the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, Wu Zeke, a spokesman for the Joint Staff of the Central Military Commission, told a press conference on Tuesday.

The decision not only underscores the solemnity of China’s celebration of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, but also demonstrates the country’s commitment to fulfilling its international obligations and safeguarding world peace, Wu Zeke said.

He noted that in the 35 years since China joined UN peacekeeping operations, the Chinese military has sent more than 50,000 peacekeepers to more than 20 countries and regions around the world, carrying out 26 UN peacekeeping missions. A total of 17 Chinese servicemen have given their lives for world peace, he added.

According to Wu Zeke, Chinese peacekeepers have always demonstrated courage and professionalism in the face of armed conflicts, pandemic outbreaks or natural disasters, faithfully carrying out their missions to safeguard peace and stability – from demining and ceasefire monitoring to escorting and conducting emergency rescue operations.

“The Chinese armed forces have always been a strong force fighting for world peace,” he concluded. -0-

MIL OSI Russia News –

June 24, 2025

MIL-OSI: Stabilization Notice – PRE STAB – Kepler SPA (BIOFARMA)

Source: GlobeNewswire (MIL-OSI)

24/06/25

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

KELPER SPA (BIOFARMA)

Pre-stabilisation Period Announcement

BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222 hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

The securities:1
Issuer:	KEPLER SPA (BIOFARMA)
Guarantor (if any):	N/A
Aggregate nominal amount:	TBC
Description:	EUR 4.5NC1
Offer price:	TBC
Other offer terms:
Stabilisation:
Stabilisation Manager(s)	BNP PARIBAS, ING, JEFFRIES, SMBC, IMI-INTESA SANPAOLO, KCM, NATIXIS, NOMURA
Stabilisation period expected to start on:	24/06/25
Stabilisation period expected to end no later than:	08/08/25
Existence, maximum size and conditions of use of over‑allotment facility:	The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
Stabilisation trading venue:	OTC

In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK or any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK or that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in the UK or that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in the UK or that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK or that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

The MIL Network –

June 24, 2025

MIL-OSI: Stabilization Notice – PRE STAB – Kepler SPA (BIOFARMA)

Source: GlobeNewswire (MIL-OSI)

24/06/25

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

KELPER SPA (BIOFARMA)

Pre-stabilisation Period Announcement

The securities:1
Issuer:	KEPLER SPA (BIOFARMA)
Guarantor (if any):	N/A
Aggregate nominal amount:	TBC
Description:	EUR 4.5NC1
Offer price:	TBC
Other offer terms:
Stabilisation:
Stabilisation Manager(s)	BNP PARIBAS, ING, JEFFRIES, SMBC, IMI-INTESA SANPAOLO, KCM, NATIXIS, NOMURA
Stabilisation period expected to start on:	24/06/25
Stabilisation period expected to end no later than:	08/08/25
Existence, maximum size and conditions of use of over‑allotment facility:	The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law.
Stabilisation trading venue:	OTC

The MIL Network –

June 24, 2025

MIL-Evening Report: Will the fragile ceasefire between Iran and Israel hold? One factor could be crucial to it sticking

Source: The Conversation (Au and NZ) – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University

Amir Levy/Getty Images

After 12 days of war, US President Donald Trump has announced a ceasefire between Israel and Iran that would bring to an end the most dramatic, direct conflict between the two nations in decades.

Israel and Iran both agreed to adhere to the ceasefire, though they said they would respond with force to any breach.

If the ceasefire holds – a big if – the key question will be whether this signals the start of lasting peace, or merely a brief pause before renewed conflict.

As contemporary war studies show, peace tends to endure under one of two conditions: either the total defeat of one side, or the establishment of mutual deterrence. This means both parties refrain from aggression because the expected costs of retaliation far outweigh any potential gains.

What did each side gain?

The war marked a turning point for Israel in its decades-long confrontation with Iran. For the first time, Israel successfully brought a prolonged battle to Iranian soil, shifting the conflict from confrontations with Iranian-backed proxy militant groups to direct strikes on Iran itself.

This was made possible largely due to Israel’s success over the past two years in weakening Iran’s regional proxy network, particularly Hezbollah in Lebanon and Shiite militias in Syria.

Over the past two weeks, Israel has inflicted significant damage on Iran’s military and scientific elite, killing several high-ranking commanders and nuclear scientists. The civilian toll was also high.

Additionally, Israel achieved a major strategic objective by pulling the United States directly into the conflict. In coordination with Israel, the US launched strikes on three of Iran’s primary nuclear facilities: Fordow, Natanz and Isfahan.

Despite these gains, Israel did not accomplish all of its stated goals. Prime Minister Benjamin Netanyahu had voiced support for regime change, urging Iranians to rise up against Supreme Leader Ali Khamenei’s government, but the senior leadership in Iran remains intact.

Additionally, Israel did not fully eliminate Iran’s missile program, as Iran continued striking to the last minute before the ceasefire. And Tehran did not acquiesce to Trump’s pre-war demand to end uranium enrichment.

Although Iran was caught off-guard by Israel’s attacks — particularly as it was engaged in nuclear negotiations with the US — it responded by launching hundreds of missiles towards Israel.

While many were intercepted, a significant number penetrated Israeli air defences, causing widespread destruction in major cities, dozens of fatalities and hundreds of injuries.

Iran demonstrated its capacity to strike back, though Israel succeeded in destroying many of its air defence systems, some ballistic missile assets (including missile launchers) and multiple energy facilities.

Since the beginning of the assault, Iranian officials have repeatedly called for a halt to resume negotiations. Under intense pressure, Iran realised it would not benefit from a prolonged war of attrition with Israel — especially as both nations faced mounting costs and the risk of depleting their military stockpiles if the war continued.

As theories of victory suggest, success in war is defined not only by the damage inflicted, but by achieving core strategic goals and weakening the enemy’s will and capacity to resist.

While Israel claims to have achieved the bulk of its objectives, the extent of the damage to Iran’s nuclear program is not fully known, nor is its capacity to continue enriching uranium.

Both sides could remain locked in a volatile standoff over Iran’s nuclear program, with the conflict potentially reigniting whenever either side perceives a strategic opportunity.

Sticking point over Iran’s nuclear program

Iran faces even greater challenges as it emerges from the war. With a heavy toll on its leadership and nuclear infrastructure, Tehran will likely prioritise rebuilding its deterrence capability.

That includes acquiring new advanced air defence systems — potentially from China — and restoring key components of its missile and nuclear programs. (Some experts say Iran did not use some of its most powerful missiles to maintain this deterrence.)

Iranian officials have claimed they safeguarded more than 400 kilograms of 60% enriched uranium before the attacks. This stockpile could theoretically be converted into nine to ten nuclear warheads if further enriched to 90%.

Trump declared Iran’s nuclear capacity had been “totally obliterated”, whereas Rafael Grossi, the United Nations’ nuclear watchdog chief, said damage to Iran’s facilities was “very significant”.

However, analysts have argued Iran will still have a depth of technical knowledge accumulated over decades. Depending on the extent of the damage to its underground facilities, Iran could be capable of restoring and even accelerating its program in a relatively short time frame.

And the chances of reviving negotiations on Iran’s nuclear program appear slimmer than ever.

What might future deterrence look like?

The war has fundamentally reshaped how both Iran and Israel perceive deterrence — and how they plan to secure it going forward.

For Iran, the conflict reinforced the belief that its survival is at stake. With regime change openly discussed during the war, Iran’s leaders appear more convinced than ever that true deterrence requires two key pillars: nuclear weapons capability, and deeper strategic alignment with China and Russia.

As a result, Iran is expected to move rapidly to restore and advance its nuclear program, potentially moving towards actual weaponisation — a step it had long avoided, officially.

At the same time, Tehran is likely to accelerate military and economic cooperation with Beijing and Moscow to hedge against isolation. Iranian Foreign Minister Abbas Araghchi emphasised this close engagement with Russia during a visit to Moscow this week, particularly on nuclear matters.

Israel, meanwhile, sees deterrence as requiring constant vigilance and a credible threat of overwhelming retaliation. In the absence of diplomatic breakthroughs, Israel may adopt a policy of immediate preemptive strikes on Iranian facilities or leadership figures if it detects any new escalation — particularly related to Iran’s nuclear program.

In this context, the current ceasefire appears fragile. Without comprehensive negotiations that address the core issues — namely, Iran’s nuclear capabilities — the pause in hostilities may prove temporary.

Mutual deterrence may prevent a more protracted war for now, but the balance remains precarious and could collapse with little warning.

Ali Mamouri 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. Will the fragile ceasefire between Iran and Israel hold? One factor could be crucial to it sticking – https://theconversation.com/will-the-fragile-ceasefire-between-iran-and-israel-hold-one-factor-could-be-crucial-to-it-sticking-259669

MIL OSI Analysis – EveningReport.nz –

June 24, 2025
MIL-Evening Report: Will the fragile ceasefire between Iran and Israel hold? One factor could be crucial to it sticking

Source: The Conversation (Au and NZ) – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University

Amir Levy/Getty Images

After 12 days of war, US President Donald Trump has announced a ceasefire between Israel and Iran that would bring to an end the most dramatic, direct conflict between the two nations in decades.

Israel and Iran both agreed to adhere to the ceasefire, though they said they would respond with force to any breach.

If the ceasefire holds – a big if – the key question will be whether this signals the start of lasting peace, or merely a brief pause before renewed conflict.

As contemporary war studies show, peace tends to endure under one of two conditions: either the total defeat of one side, or the establishment of mutual deterrence. This means both parties refrain from aggression because the expected costs of retaliation far outweigh any potential gains.

What did each side gain?

The war marked a turning point for Israel in its decades-long confrontation with Iran. For the first time, Israel successfully brought a prolonged battle to Iranian soil, shifting the conflict from confrontations with Iranian-backed proxy militant groups to direct strikes on Iran itself.

This was made possible largely due to Israel’s success over the past two years in weakening Iran’s regional proxy network, particularly Hezbollah in Lebanon and Shiite militias in Syria.

Over the past two weeks, Israel has inflicted significant damage on Iran’s military and scientific elite, killing several high-ranking commanders and nuclear scientists. The civilian toll was also high.

Additionally, Israel achieved a major strategic objective by pulling the United States directly into the conflict. In coordination with Israel, the US launched strikes on three of Iran’s primary nuclear facilities: Fordow, Natanz and Isfahan.

Despite these gains, Israel did not accomplish all of its stated goals. Prime Minister Benjamin Netanyahu had voiced support for regime change, urging Iranians to rise up against Supreme Leader Ali Khamenei’s government, but the senior leadership in Iran remains intact.

Additionally, Israel did not fully eliminate Iran’s missile program, as Iran continued striking to the last minute before the ceasefire. And Tehran did not acquiesce to Trump’s pre-war demand to end uranium enrichment.

Although Iran was caught off-guard by Israel’s attacks — particularly as it was engaged in nuclear negotiations with the US — it responded by launching hundreds of missiles towards Israel.

While many were intercepted, a significant number penetrated Israeli air defences, causing widespread destruction in major cities, dozens of fatalities and hundreds of injuries.

Iran demonstrated its capacity to strike back, though Israel succeeded in destroying many of its air defence systems, some ballistic missile assets (including missile launchers) and multiple energy facilities.

Since the beginning of the assault, Iranian officials have repeatedly called for a halt to resume negotiations. Under intense pressure, Iran realised it would not benefit from a prolonged war of attrition with Israel — especially as both nations faced mounting costs and the risk of depleting their military stockpiles if the war continued.

As theories of victory suggest, success in war is defined not only by the damage inflicted, but by achieving core strategic goals and weakening the enemy’s will and capacity to resist.

While Israel claims to have achieved the bulk of its objectives, the extent of the damage to Iran’s nuclear program is not fully known, nor is its capacity to continue enriching uranium.

Both sides could remain locked in a volatile standoff over Iran’s nuclear program, with the conflict potentially reigniting whenever either side perceives a strategic opportunity.

Sticking point over Iran’s nuclear program

Iran faces even greater challenges as it emerges from the war. With a heavy toll on its leadership and nuclear infrastructure, Tehran will likely prioritise rebuilding its deterrence capability.

That includes acquiring new advanced air defence systems — potentially from China — and restoring key components of its missile and nuclear programs. (Some experts say Iran did not use some of its most powerful missiles to maintain this deterrence.)

Iranian officials have claimed they safeguarded more than 400 kilograms of 60% enriched uranium before the attacks. This stockpile could theoretically be converted into nine to ten nuclear warheads if further enriched to 90%.

Trump declared Iran’s nuclear capacity had been “totally obliterated”, whereas Rafael Grossi, the United Nations’ nuclear watchdog chief, said damage to Iran’s facilities was “very significant”.

However, analysts have argued Iran will still have a depth of technical knowledge accumulated over decades. Depending on the extent of the damage to its underground facilities, Iran could be capable of restoring and even accelerating its program in a relatively short time frame.

And the chances of reviving negotiations on Iran’s nuclear program appear slimmer than ever.

What might future deterrence look like?

The war has fundamentally reshaped how both Iran and Israel perceive deterrence — and how they plan to secure it going forward.

For Iran, the conflict reinforced the belief that its survival is at stake. With regime change openly discussed during the war, Iran’s leaders appear more convinced than ever that true deterrence requires two key pillars: nuclear weapons capability, and deeper strategic alignment with China and Russia.

As a result, Iran is expected to move rapidly to restore and advance its nuclear program, potentially moving towards actual weaponisation — a step it had long avoided, officially.

At the same time, Tehran is likely to accelerate military and economic cooperation with Beijing and Moscow to hedge against isolation. Iranian Foreign Minister Abbas Araghchi emphasised this close engagement with Russia during a visit to Moscow this week, particularly on nuclear matters.

Israel, meanwhile, sees deterrence as requiring constant vigilance and a credible threat of overwhelming retaliation. In the absence of diplomatic breakthroughs, Israel may adopt a policy of immediate preemptive strikes on Iranian facilities or leadership figures if it detects any new escalation — particularly related to Iran’s nuclear program.

In this context, the current ceasefire appears fragile. Without comprehensive negotiations that address the core issues — namely, Iran’s nuclear capabilities — the pause in hostilities may prove temporary.

Mutual deterrence may prevent a more protracted war for now, but the balance remains precarious and could collapse with little warning.

Ali Mamouri 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. Will the fragile ceasefire between Iran and Israel hold? One factor could be crucial to it sticking – https://theconversation.com/will-the-fragile-ceasefire-between-iran-and-israel-hold-one-factor-could-be-crucial-to-it-sticking-259669

MIL OSI Analysis – EveningReport.nz –

June 24, 2025
MIL-OSI Global: Mozambique after 50 years of independence: what’s there to celebrate?

Source: The Conversation – Africa – By Luca Bussotti, Professor at the PhD Course in Peace, Democracy, Social Movements and Human Development, Universidade Técnica de Moçambique (UDM)

Mozambique’s government, led by the Frelimo party, has long been planning celebrations for 2025. It is 50 years since independence, won after an anti-colonial war against Portugal led by the same party.

Something has gone wrong, however, especially in the past two years.

Since the country’s popular rapper Azagaia died in March 2023 and peaceful processions in his memory escalated into violent clashes with the police, space has opened up for the establishment of a social movement of young people. This has since turned into a political movement, taking on the name “Povo no Poder” (“People in Power”). At its head is a brilliant politician, Venâncio Mondlane.

Povo no Poder was also the name of Azagaia’s hit song, which had been the soundtrack to 2008 protests against rising energy costs.

Azagaia’s POVO NO PODER.

The demonstrations in March 2023 marked a turning point for Mozambique. It was as if all the energy and indignation about a highly corrupt and increasingly authoritarian country that Azagaia had expressed through his songs had been passed on to previously fearful young people. Now they dared to challenge the police and army in the open and without any weapons.

In late 2024 Mozambicans took to the streets to protest against elections they claimed were rigged. Over 300 people were killed in demonstrations.

Efforts have been made to redress this serious wound. In preparation for the 50 years of independence Frelimo has been recalling key places and symbols in the liberation war, harking back to a time when they represented justice.

But attempts to evoke past glory and ideals are not resonating with ordinary Mozambicans. The mood in the country is subdued.

As a specialist in the politics of lusophone Africa, in particular Mozambique, based on years of research, I find it difficult to envision a future of peace and prosperity for the next 50 years. There are divisive elements at play across the country. The post-election crisis has its roots in widespread discontent. Mozambicans are also rising against the cost of living crisis.

Attempts to rekindle the flame

The newly elected president, Daniel Chapo, opened the 50th anniversary celebrations on 7 April in Nangade, in Cabo Delgado province. This is one of the places where the armed struggle against the Portuguese began.

National symbolism has focused on the torch of national unity, travelling the length and breadth of Mozambique to arrive in Maputo at the historic Machava Stadium on 25 June, Independence Day, for a concluding public ceremony.

Not everyone has shared this attempt to patch up a country torn both politically and socio-economically.

Too much has been lost in the intervening decades.

In the initial period of independence Frelimo adopted socialist policies and attempted to promote free and universal social services, primarily healthcare and education. Back then, the ruling class, starting with the country’s first president, Samora Machel, didn’t enjoy any particular economic privileges.

The reality today is quite different.

Journalist and social activist Tomás Vieira Mário, one of the main critics of the current regime, has traced the stages of independent Mozambique’s history. He’s pointed out the contradiction between the initial thrust by many Mozambican common people towards the liberation movement and subsequent, authoritarian developments.

He concluded in an article that all that remained to unite Mozambicans was the

mere sharing of the same territorial space. And a lot of blood.

He was referring to the long war against Renamo from 1976 to 1992 and again from 2013 to 2019, ethnic questions that have never been resolved, and finally the armed attacks in Cabo Delgado of jihadist and ethnic nature.

For his part, renowned philosopher Severino Ngoenha has also underscored the importance of a justice system that is fair and inclusive, and not at the service of one political party.

The new opposition is coming not from Renamo or Frelimo but from the streets. Popular protests have taken place this year even in areas once considered Frelimo strongholds. In Gaza province, southern Mozambique, for example, there have been outbreaks of violence, demonstrating that the bipolar system that emerged from the 1992 peace accord now seems incapable of responding to the new demands of Mozambican society.

On the political level, efforts are being made to overcome the post-electoral crisis and its wounds through the establishment of an Inclusive Dialogue Commission. This is being chaired by jurist Edson Macuacua, who is a vice-minister in the Frelimo government.

The commission is made up of representatives from all major parties as well as three members of civil society. The eventual aim is radical reform of the state.

But there are serious doubts about the success of this ambitious project which I believe are legitimate. The big question, beyond any institutional and electoral reforms, is whether the Frelimo party-state will be able to change its political culture in the next elections, accepting any negative results and, therefore, the loss of power.

Efforts are being made on all fronts to obstruct Mondlane from gaining a political foothold. Mondlane wants to start a new party called the Anamalala (meaning “It will end”, or “Stop!”).

The name has been rejected by the Ministry of Justice because a Mozambican party cannot be named using a local language – in this case Emakhuwa.

On the judicial level, several trials are underway against Mondlane and his closest associates, which could result in convictions for inciting protesters to destroy public infrastructure during the post-election demonstrations. If convicted, he would be declared ineligible to run in elections scheduled for 2029.

Inequality and disparities

Mozambique is among the six most unequal countries in the world and one of the poorest. According to World Bank data, 500,000 young people enter the labour market each year, with an average absorption capacity of about 25,000 in the formal sector, and 36% of young people unemployed in Maputo.

Meanwhile, the number of very rich is growing. Mozambique ranks 16th among African countries in terms of the number of millionaires, with 18% growth over the past 10 years.

This inequality puts national unity at risk.

The economic disparities between the capital, Maputo, and the rest of the country are increasingly evident.

Entire ethnic groups and territories are marginalised. Socio-economic and cultural divisions have been replicated in the case of discoveries of large natural resources in the north of the country. Large investments have been made in gas (Total and ENI-Exxon) and rubies in Cabo Delgado.

A new threat has arisen too: extremism. Islamist-motivated attacks have been occurring in Cabo Delgado since 2017. There was an attack recently on a military base in Macomia.

Efforts to encourage unity are coming from many quarters: from the promotion of inclusive dialogue; from a civic consciousness that has grown since 2023-2024; and from the country’s economic potential.

But social inequality remains. So do doubts about Frelimo’s willingness to make Mozambique a country where the winner governs without manipulating election results.

Luca Bussotti 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. Mozambique after 50 years of independence: what’s there to celebrate? – https://theconversation.com/mozambique-after-50-years-of-independence-whats-there-to-celebrate-259528

MIL OSI – Global Reports –

June 24, 2025
MIL-OSI Global: Mozambique after 50 years of independence: what’s there to celebrate?

Source: The Conversation – Africa – By Luca Bussotti, Professor at the PhD Course in Peace, Democracy, Social Movements and Human Development, Universidade Técnica de Moçambique (UDM)

Mozambique’s government, led by the Frelimo party, has long been planning celebrations for 2025. It is 50 years since independence, won after an anti-colonial war against Portugal led by the same party.

Something has gone wrong, however, especially in the past two years.

Since the country’s popular rapper Azagaia died in March 2023 and peaceful processions in his memory escalated into violent clashes with the police, space has opened up for the establishment of a social movement of young people. This has since turned into a political movement, taking on the name “Povo no Poder” (“People in Power”). At its head is a brilliant politician, Venâncio Mondlane.

Povo no Poder was also the name of Azagaia’s hit song, which had been the soundtrack to 2008 protests against rising energy costs.

Azagaia’s POVO NO PODER.

The demonstrations in March 2023 marked a turning point for Mozambique. It was as if all the energy and indignation about a highly corrupt and increasingly authoritarian country that Azagaia had expressed through his songs had been passed on to previously fearful young people. Now they dared to challenge the police and army in the open and without any weapons.

In late 2024 Mozambicans took to the streets to protest against elections they claimed were rigged. Over 300 people were killed in demonstrations.

Efforts have been made to redress this serious wound. In preparation for the 50 years of independence Frelimo has been recalling key places and symbols in the liberation war, harking back to a time when they represented justice.

But attempts to evoke past glory and ideals are not resonating with ordinary Mozambicans. The mood in the country is subdued.

As a specialist in the politics of lusophone Africa, in particular Mozambique, based on years of research, I find it difficult to envision a future of peace and prosperity for the next 50 years. There are divisive elements at play across the country. The post-election crisis has its roots in widespread discontent. Mozambicans are also rising against the cost of living crisis.

Attempts to rekindle the flame

The newly elected president, Daniel Chapo, opened the 50th anniversary celebrations on 7 April in Nangade, in Cabo Delgado province. This is one of the places where the armed struggle against the Portuguese began.

National symbolism has focused on the torch of national unity, travelling the length and breadth of Mozambique to arrive in Maputo at the historic Machava Stadium on 25 June, Independence Day, for a concluding public ceremony.

Not everyone has shared this attempt to patch up a country torn both politically and socio-economically.

Too much has been lost in the intervening decades.

In the initial period of independence Frelimo adopted socialist policies and attempted to promote free and universal social services, primarily healthcare and education. Back then, the ruling class, starting with the country’s first president, Samora Machel, didn’t enjoy any particular economic privileges.

The reality today is quite different.

Journalist and social activist Tomás Vieira Mário, one of the main critics of the current regime, has traced the stages of independent Mozambique’s history. He’s pointed out the contradiction between the initial thrust by many Mozambican common people towards the liberation movement and subsequent, authoritarian developments.

He concluded in an article that all that remained to unite Mozambicans was the

mere sharing of the same territorial space. And a lot of blood.

He was referring to the long war against Renamo from 1976 to 1992 and again from 2013 to 2019, ethnic questions that have never been resolved, and finally the armed attacks in Cabo Delgado of jihadist and ethnic nature.

For his part, renowned philosopher Severino Ngoenha has also underscored the importance of a justice system that is fair and inclusive, and not at the service of one political party.

The new opposition is coming not from Renamo or Frelimo but from the streets. Popular protests have taken place this year even in areas once considered Frelimo strongholds. In Gaza province, southern Mozambique, for example, there have been outbreaks of violence, demonstrating that the bipolar system that emerged from the 1992 peace accord now seems incapable of responding to the new demands of Mozambican society.

On the political level, efforts are being made to overcome the post-electoral crisis and its wounds through the establishment of an Inclusive Dialogue Commission. This is being chaired by jurist Edson Macuacua, who is a vice-minister in the Frelimo government.

The commission is made up of representatives from all major parties as well as three members of civil society. The eventual aim is radical reform of the state.

But there are serious doubts about the success of this ambitious project which I believe are legitimate. The big question, beyond any institutional and electoral reforms, is whether the Frelimo party-state will be able to change its political culture in the next elections, accepting any negative results and, therefore, the loss of power.

Efforts are being made on all fronts to obstruct Mondlane from gaining a political foothold. Mondlane wants to start a new party called the Anamalala (meaning “It will end”, or “Stop!”).

The name has been rejected by the Ministry of Justice because a Mozambican party cannot be named using a local language – in this case Emakhuwa.

On the judicial level, several trials are underway against Mondlane and his closest associates, which could result in convictions for inciting protesters to destroy public infrastructure during the post-election demonstrations. If convicted, he would be declared ineligible to run in elections scheduled for 2029.

Inequality and disparities

Mozambique is among the six most unequal countries in the world and one of the poorest. According to World Bank data, 500,000 young people enter the labour market each year, with an average absorption capacity of about 25,000 in the formal sector, and 36% of young people unemployed in Maputo.

Meanwhile, the number of very rich is growing. Mozambique ranks 16th among African countries in terms of the number of millionaires, with 18% growth over the past 10 years.

This inequality puts national unity at risk.

The economic disparities between the capital, Maputo, and the rest of the country are increasingly evident.

Entire ethnic groups and territories are marginalised. Socio-economic and cultural divisions have been replicated in the case of discoveries of large natural resources in the north of the country. Large investments have been made in gas (Total and ENI-Exxon) and rubies in Cabo Delgado.

A new threat has arisen too: extremism. Islamist-motivated attacks have been occurring in Cabo Delgado since 2017. There was an attack recently on a military base in Macomia.

Efforts to encourage unity are coming from many quarters: from the promotion of inclusive dialogue; from a civic consciousness that has grown since 2023-2024; and from the country’s economic potential.

But social inequality remains. So do doubts about Frelimo’s willingness to make Mozambique a country where the winner governs without manipulating election results.

Luca Bussotti 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. Mozambique after 50 years of independence: what’s there to celebrate? – https://theconversation.com/mozambique-after-50-years-of-independence-whats-there-to-celebrate-259528

MIL OSI – Global Reports –

June 24, 2025
MIL-OSI Africa: Mozambique after 50 years of independence: what’s there to celebrate?

Source: The Conversation – Africa – By Luca Bussotti, Professor at the PhD Course in Peace, Democracy, Social Movements and Human Development, Universidade Técnica de Moçambique (UDM)

Mozambique’s government, led by the Frelimo party, has long been planning celebrations for 2025. It is 50 years since independence, won after an anti-colonial war against Portugal led by the same party.

Something has gone wrong, however, especially in the past two years.

Since the country’s popular rapper Azagaia died in March 2023 and peaceful processions in his memory escalated into violent clashes with the police, space has opened up for the establishment of a social movement of young people. This has since turned into a political movement, taking on the name “Povo no Poder” (“People in Power”). At its head is a brilliant politician, Venâncio Mondlane.

Povo no Poder was also the name of Azagaia’s hit song, which had been the soundtrack to 2008 protests against rising energy costs.

Azagaia’s POVO NO PODER.

The demonstrations in March 2023 marked a turning point for Mozambique. It was as if all the energy and indignation about a highly corrupt and increasingly authoritarian country that Azagaia had expressed through his songs had been passed on to previously fearful young people. Now they dared to challenge the police and army in the open and without any weapons.

In late 2024 Mozambicans took to the streets to protest against elections they claimed were rigged. Over 300 people were killed in demonstrations.

Efforts have been made to redress this serious wound. In preparation for the 50 years of independence Frelimo has been recalling key places and symbols in the liberation war, harking back to a time when they represented justice.

But attempts to evoke past glory and ideals are not resonating with ordinary Mozambicans. The mood in the country is subdued.

As a specialist in the politics of lusophone Africa, in particular Mozambique, based on years of research, I find it difficult to envision a future of peace and prosperity for the next 50 years. There are divisive elements at play across the country. The post-election crisis has its roots in widespread discontent. Mozambicans are also rising against the cost of living crisis.

Attempts to rekindle the flame

The newly elected president, Daniel Chapo, opened the 50th anniversary celebrations on 7 April in Nangade, in Cabo Delgado province. This is one of the places where the armed struggle against the Portuguese began.

National symbolism has focused on the torch of national unity, travelling the length and breadth of Mozambique to arrive in Maputo at the historic Machava Stadium on 25 June, Independence Day, for a concluding public ceremony.

Not everyone has shared this attempt to patch up a country torn both politically and socio-economically.

Too much has been lost in the intervening decades.

In the initial period of independence Frelimo adopted socialist policies and attempted to promote free and universal social services, primarily healthcare and education. Back then, the ruling class, starting with the country’s first president, Samora Machel, didn’t enjoy any particular economic privileges.

The reality today is quite different.

Journalist and social activist Tomás Vieira Mário, one of the main critics of the current regime, has traced the stages of independent Mozambique’s history. He’s pointed out the contradiction between the initial thrust by many Mozambican common people towards the liberation movement and subsequent, authoritarian developments.

He concluded in an article that all that remained to unite Mozambicans was the

mere sharing of the same territorial space. And a lot of blood.

He was referring to the long war against Renamo from 1976 to 1992 and again from 2013 to 2019, ethnic questions that have never been resolved, and finally the armed attacks in Cabo Delgado of jihadist and ethnic nature.

For his part, renowned philosopher Severino Ngoenha has also underscored the importance of a justice system that is fair and inclusive, and not at the service of one political party.

The new opposition is coming not from Renamo or Frelimo but from the streets. Popular protests have taken place this year even in areas once considered Frelimo strongholds. In Gaza province, southern Mozambique, for example, there have been outbreaks of violence, demonstrating that the bipolar system that emerged from the 1992 peace accord now seems incapable of responding to the new demands of Mozambican society.

On the political level, efforts are being made to overcome the post-electoral crisis and its wounds through the establishment of an Inclusive Dialogue Commission. This is being chaired by jurist Edson Macuacua, who is a vice-minister in the Frelimo government.

The commission is made up of representatives from all major parties as well as three members of civil society. The eventual aim is radical reform of the state.

But there are serious doubts about the success of this ambitious project which I believe are legitimate. The big question, beyond any institutional and electoral reforms, is whether the Frelimo party-state will be able to change its political culture in the next elections, accepting any negative results and, therefore, the loss of power.

Efforts are being made on all fronts to obstruct Mondlane from gaining a political foothold. Mondlane wants to start a new party called the Anamalala (meaning “It will end”, or “Stop!”).

The name has been rejected by the Ministry of Justice because a Mozambican party cannot be named using a local language – in this case Emakhuwa.

On the judicial level, several trials are underway against Mondlane and his closest associates, which could result in convictions for inciting protesters to destroy public infrastructure during the post-election demonstrations. If convicted, he would be declared ineligible to run in elections scheduled for 2029.

Inequality and disparities

Mozambique is among the six most unequal countries in the world and one of the poorest. According to World Bank data, 500,000 young people enter the labour market each year, with an average absorption capacity of about 25,000 in the formal sector, and 36% of young people unemployed in Maputo.

Meanwhile, the number of very rich is growing. Mozambique ranks 16th among African countries in terms of the number of millionaires, with 18% growth over the past 10 years.

This inequality puts national unity at risk.

The economic disparities between the capital, Maputo, and the rest of the country are increasingly evident.

Entire ethnic groups and territories are marginalised. Socio-economic and cultural divisions have been replicated in the case of discoveries of large natural resources in the north of the country. Large investments have been made in gas (Total and ENI-Exxon) and rubies in Cabo Delgado.

A new threat has arisen too: extremism. Islamist-motivated attacks have been occurring in Cabo Delgado since 2017. There was an attack recently on a military base in Macomia.

Efforts to encourage unity are coming from many quarters: from the promotion of inclusive dialogue; from a civic consciousness that has grown since 2023-2024; and from the country’s economic potential.

But social inequality remains. So do doubts about Frelimo’s willingness to make Mozambique a country where the winner governs without manipulating election results.

– Mozambique after 50 years of independence: what’s there to celebrate?
– https://theconversation.com/mozambique-after-50-years-of-independence-whats-there-to-celebrate-259528

MIL OSI Africa –

June 24, 2025
Nuclear watchdog IAEA sounds alarm over ‘grave threat’ following Iran atomic site attacks

Source: Government of India

Source: Government of India (4)

Tensions in the Middle East escalated dramatically following a series of devastating air attacks exchanged between Israel and Iran, triggered by a direct U.S. military strike on three of Iran’s major nuclear facilities. Explosions shook Tehran as Israel launched coordinated assaults on government and military installations across Iran. In retaliation, Iran fired multiple waves of missiles and drones into Israeli territory, with strikes reported in several cities.

As part of its sweeping offensive, the Israeli Defense Forces targeted the entrance of Tehran’s Evin Prison—a high-security facility known for housing political prisoners, dual nationals, and regime critics—signaling an expansion of Israeli objectives beyond strictly military targets.

Amid the intensifying crisis, Iranian Parliament Speaker Mohammad Baqer Qalibaf declared that the legislature is weighing legislation to suspend all cooperation with the International Atomic Energy Agency (IAEA). Qalibaf insisted Iran remains committed to peaceful nuclear activity but criticized the agency’s alleged politicization and failure to uphold its professional commitments. He warned that continued non-compliance by the IAEA could force Iran to withdraw entirely from cooperation.

The conflict’s ripple effects spread across the region, prompting major energy companies operating in Iraq—such as Eni, BP, and Total Energies—to begin emergency evacuations of foreign personnel, according to Iraq’s state-run Basra Oil Company. Meanwhile, the U.S. Embassy in Qatar issued an urgent advisory instructing American citizens to stay indoors until further notice, citing the ongoing hostilities and U.S. air operations against Iranian nuclear infrastructure.

In Vienna, Rafael Grossi, Director General of the IAEA, convened an emergency session of the agency’s Board of Governors to address the unfolding situation. He urged Iran to restore full IAEA access to nuclear facilities, particularly to monitor enriched uranium stockpiles. Grossi confirmed that Iran’s key sites at Fordow, Natanz, and Isfahan were struck by cruise missiles and ground-penetrating munitions. While no abnormal radiation levels have been detected off-site, he emphasized the urgency of negotiations and a return to technical oversight. IAEA inspectors remain in Iran and are prepared to resume their duties, he said.

Grossi’s call for restraint and transparency came as Tehran signaled its intent to limit cooperation with the agency unless provided with credible assurances regarding the IAEA’s impartial conduct.

As diplomatic efforts intensified, Russian President Vladimir Putin met with Iranian Foreign Minister Abbas Araghchi in Moscow. Expressing firm support for Iran, Putin condemned the U.S. and Israeli strikes as an “unprovoked act of aggression” and reiterated Russia’s strategic alliance with Tehran. He noted ongoing consultations with U.S. President Donald Trump, Israeli Prime Minister Benjamin Netanyahu, UAE President Mohammed Al Nahyan, and Iranian President Masoud Pezeshkian.

During the meeting, Araghchi denounced the attacks on Iran’s facilities as violations of international law and expressed gratitude for Russia’s steadfast position. Both sides affirmed their commitment to maintaining close coordination as the regional crisis continues to unfold.

June 24, 2025

Category: Europe

24 June 2025

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What did each side gain?

Sticking point over Iran’s nuclear program

What might future deterrence look like?

What did each side gain?

Sticking point over Iran’s nuclear program

What might future deterrence look like?

Attempts to rekindle the flame

Inequality and disparities

Attempts to rekindle the flame

Inequality and disparities

Attempts to rekindle the flame

Inequality and disparities