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Category: Europe

  • MIL-OSI: Banqup Group completes the divestment of 21grams group

    Source: GlobeNewswire (MIL-OSI)

    Press Release – Inside Information

    La Hulpe, Belgium – 5 June 2025, 7:00 p.m. CET – Inside Information – Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: UPG) (Banqup, Company), a leading provider of integrated business communications solutions, today announced the completion of the sale of all shares in the 21grams group (“21grams”) to PostNord Strålfors AB (“PostNord Strålfors”). 

    The transaction was announced on 5 July 2024 and has been completed following the fulfilment of all conditions precedent, including the approval from the Swedish Competition Authority granted on 30 May 2025.

    The transaction has been completed for a preliminary cash consideration of SEK 158,7 million, on a cash- and debt-free basis, based on an enterprise value of SEK 200 million. The final purchase price remains subject to customary post-closing adjustments, including a review of 21grams’ closing accounts. Of the total consideration, SEK 23,5 million remains in escrow for a term of nine months. In addition, SEK 48,4 million of intercompany receivables between Banqup and the 21grams group entities has been settled as part of this transaction.
    The proceeds will be used to strengthen Banqup’s balance sheet and to further reduce its net financial debt.

    In 2024, 21grams generated total revenue of € 79,4 million with a gross margin of 17,4% and a positive EBITDA of € 1,9 million.  As of 31 December 2024, 21grams employed 76 full-time equivalents across Sweden, Norway, and Denmark. The business will now operate under PostNord Strålfors’ ownership.

    As previously announced, Banqup Group and PostNord Strålfors have signed a strategic partnership agreement to accelerate the rollout of the Banqup platform across the Nordic region. Under the agreement, PostNord Strålfors will act as the exclusive distributor of Banqup in Sweden, Norway, Denmark, and Finland for a period of at least five years and will utilise Banqup’s e-invoicing infrastructure to support its corporate clients in sending e-invoices to destinations outside the Nordics. This partnership is designed to create an interconnected solution, providing broader coverage and more efficient services for clients across and beyond the Nordic region. Both parties are committed to supporting the rollout and development of the Banqup platform and to jointly strengthening the distribution network and customer support services.

    Nicolas de Beco, CEO of Banqup Group, commented: “The completion of the 21grams divestment marks another milestone in our strategic transformation into a pure-play SaaS provider and aligns with our focus on growing core digital services whilst also strengthening our balance sheet. Furthermore, the strategic partnership with PostNord Strålfors will create new opportunities, and we look forward to leveraging their extensive network to accelerate the adoption of our Banqup platform across the Nordic markets. I would like to thank our employees in the Nordics for their contributions to our company over the years.“

    Ylva Ekborn, CEO of PostNord Strålfors Group, added: “PostNord Strålfors, a full-service provider in the customer communication market, is enhancing its offerings through the acquisition of 21grams and a strategic partnership with Banqup Group. This collaboration allows us to deliver a significantly wider range of services with a strong Nordic reach. We see PostNord Strålfors and 21grams as a great match to further evolve our offerings within the customer communication management segment, and we will now focus on the integration of 21grams. Additionally, we look forward to getting to know and welcome our new colleagues onboard”.

    Financial Calendar:

    • 26 August 2025: Publication of the H1 2025 results (webcast)
    • 13 November 2025: Publication of the Q3 2025 business update

    Contacts
    Alex Nicoll                                                                                                        Rebecka Mathers
    Investor Relations                                                                                          Communications
    Banqup Group                                                                                                PostNord Strålfors Group
    alex.nicoll@unifiedpost.com                                                                       rebecka.mathers@stralfors.se

    About Banqup Group

    Banqup Group delivers integrated cloud-based SaaS solutions to streamline business transactions across the entire lifecycle, from e-invoicing and e-payments to tax reporting. Banqup, our solution for businesses, unifies purchase-to-pay, order-to-cash, e-invoicing compliance, and e-payments into one secure platform, removing the complexity of juggling disconnected tools. eFaktura World, our solution for governments, is a comprehensive digital platform designed for tax administrations to implement e-invoicing and streamline both B2G and B2B tax reporting flows. To learn more about Banqup Group and our solutions, please visit our website: Unifiedpost Group | Global leaders in digital solutions

    About PostNord Strålfors

    PostNord Strålfors simplifies the communication of invoices and vital business information between companies and their customers and partners. Our omnichannel solution enables companies and organisations to engage with customers, citizens and members through their preferred channels, while our integration solutions automate business processes.

    PostNord Strålfors is a leading actor in customer communication management and a critical part of the Nordic communication infrastructure. It handles over 1 billion transactions annually and generates SEK 2,2 billion in turnover (2024). PostNord Strålfors operates in Sweden, Norway, Denmark and Finland and is part of the PostNord Group, a leading provider of communication and logistics services in the Nordic region. For more information, go to PostNord Strålfors (stralfors.com)

    Cautionary note regarding forward-looking statements: The statements contained herein may include prospects, statements of future expectations, opinions, and other forward-looking statements in relation to the expected future performance of Banqup Group and the markets in which it is active. Such forward-looking statements are based on management’s current views and assumptions regarding future events. By nature, they involve known and unknown risks, uncertainties, and other factors that appear justified at the time at which they are made but may not turn out to be accurate. Actual results, performance or events may, therefore, differ materially from those expressed or implied in such forward-looking statements. Except as required by applicable law, Banqup Group does not undertake any obligation to update, clarify or correct any forward-looking statements contained in this press release in light of new information, future events or otherwise and disclaims any liability in respect hereto. The reader is cautioned not to place undue reliance on forward-looking statements.

    Attachment

    The MIL Network –

  • MIL-OSI Global: Four myths about ‘low-skilled’ migration busted

    Source: The Conversation – UK – By Gabriella Alberti, Professor of International Labour Migration, University of Leeds

    1000 Words/Shutterstock

    The UK government has outlined plans to reduce low-skilled migration to the country. A central aspect is linking skills and training to the immigration system. This, so the thinking goes, will mean that no industry is able to rely on immigration to fill skills gaps.

    Research I carried out with colleagues on employer strategies in the wake of Brexit shows that pitting legal routes for migrant workers against investment in the local workforce is based on flawed assumptions.

    Evidence from sectors historically reliant on migration, such as transport and storage, food manufacturing, hospitality and social care, debunks four myths about migration and the labour market that underpin the government’s immigration plans.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Myth 1: migration and training

    Under-investment in skills by both employers and the state is a long-term issue of the UK deregulated economy. But the idea that employers hire migrants instead of training local workers is, to say the least, contested.

    Our research shows that migration can benefit workplace learning and incentivise employers to invest in training. We undertook a survey of employers’ practices after Brexit. Firms investing more in training, or seeking diverse workforces, tended also to be those (usually larger firms) that have financial and HR capacity to deal with migration hurdles. For small and medium-sized enterprises (SMEs) especially, this system remains costly and bureaucratic.

    Previous research showed that employers that hired migrant workers after Brexit were also more likely to invest in the domestic workforce, or in technology. The government should view the recruitment of migrants as “supplementing, not supplanting” the domestic labour force.

    Myth 2: migrants v inactive youth

    The government’s plans, as well as other narratives, tend to play migrants against NEETs (young people who are not in education, employment or training). This suggests that the growing number of these young people is caused by employers using “low-skilled” migration.

    Engaging economically inactive people and complying with a workforce strategy that prioritises training local workers are set out as strict conditions for employers hoping to recruit from abroad. Yet the theory of replacing migrants with economically inactive people is a simplistic equation.

    One main finding of our research is that young people often refuse to work in these sectors because of poor conditions rather than because employers favour migrants. Our survey found that, despite marginal pay increases and other benefits to deal with staff shortages, pay across the four sectors remains benchmarked at the minimum wage.

    This fuels high staff turnover, intensive work and insecure contracts. These factors often make the jobs unattractive. But by introducing fair pay agreements in the care sector and by financially supporting local authorities and care providers, it should be possible to attract young people.

    Improving pay and conditions must be a priority, rather than closing the care worker visa, which could be devastating for the sector.

    Myth 3: temporary migration is a sustainable option

    The government proposes raising the skills threshold and including a “temporary shortage list”. For occupations with a skills requirement below degree level, employers will be able to use the immigration system only temporarily. This is not a substantive change from the occupational temporary schemes and tweaks to the skilled worker visa by the previous government.

    Our research shows that allowing migrants entry only through a limited number of schemes has led to the crowding of visa applications into one route (for example, the care worker visa). This contributed to abuse of the system, the proliferation of bogus employers and exploitative practices.

    Our research with migrant care workers who lost their sponsoring employer highlighted barriers to finding a new sponsor. Only a small number of care providers can guarantee full-time employment.

    Overall, reactive and temporary visa schemes have proven to be negative for both workers and businesses. This is confirmed by research on seasonal migration in other sectors like agriculture.

    Only a migration system that allows workers to stay and thrive in their jobs, bring their dependants and build stable lives can reduce labour turnover. This in turn can improve productivity and lead to a long-term workforce strategy.

    Myth 4: migration damages the economy

    The government’s newly unveiled immigration system risks putting the brakes on its plan for growth. Ministers have based their new plan on the assumption that increased net migration damages the UK, referring to the decrease in GDP per capita during the increase in net migration as a measure.

    But there is plenty of evidence that leaving the European common market and external shocks like the COVID pandemic and war in Ukraine have been the cause of UK economic decline. It recorded one of the largest slowdowns in productivity among the G7 in 2023.

    In contrast, our research shows that migrants are vital not just in sectors like social care, but also in those considered “low-skilled” by the government. Workers in logistics, hospitality and food manufacturing were treated as “essential” during COVID but soon forgotten and then apparently relegated to “low-value”.

    Once upon a time they were heroes.
    Lubo Ivanko/Shutterstock

    Our research calls for a re-evaluation of these foundational sectors, as they represent the backbone of industries considered pivotal by the government’s own industrial growth strategy.

    For a joined-up approach to be truly effective, employers associations, trade unions and migrant advocacy groups, together with national and local governments must contribute to longer-term migration plans. These should consider industry needs, migrant workers’ wellbeing as well as the viability of public services and other critical sectors affected by stricter migration requirements if numbers continue to decline.

    Telling firms they need to invest in the local workforce before they can hire from abroad appears blind to the reality. Training is not a quick fix, it requires time and investment from employers and the state. And ultimately, improved pay and working conditions are likely to make these sectors more attractive to the local population.

    Gabriella Alberti receives funding from the UKRI

    – ref. Four myths about ‘low-skilled’ migration busted – https://theconversation.com/four-myths-about-low-skilled-migration-busted-258046

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Chinese Vice Chairman Meets US Delegation Participating in China-US High-Level Track Two Dialogue

    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 5 (Xinhua) — Chinese Vice President Han Zheng met with members of the U.S. delegation attending the China-U.S. Track Two High-Level Dialogue in Beijing on Thursday.

    Han Zheng said that China-US relations are one of the most important bilateral relations in the modern world. Currently, China-US relations are experiencing an important historical moment, he added.

    Mutual respect, peaceful coexistence and win-win cooperation between China and the United States are beneficial not only to the two countries but also to world peace and development, the Chinese vice president said.

    China hopes that the China-US high-level Track II dialogue can bring together the constructive ideas of visionaries from both countries, improve the knowledge and understanding of China in various circles of the US public, and jointly promote the stable, healthy and sustainable development of China-US relations, Han Zheng said.

    The US delegation, for its part, noted that the dialogue contributes to better mutual understanding between the parties and provides more useful ideas for the development of interstate relations.

    Members of the US delegation said the two countries should strengthen dialogue and cooperation in areas such as trade and investment. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: China’s Vice Premier Calls for Fair, Safe Gaokao

    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

    TAIYUAN, June 5 (Xinhua) — Chinese Vice Premier Ding Xuexiang inspected preparations for China’s national college entrance examination, known as the gaokao, and work on advancing energy sector reform in north China’s Shanxi Province from June 3 to 4, stressing the need to maintain fairness and ensure safety in the gaokao.

    Visiting the Shanxi Provincial Entrance Examination Administration Center and a middle school examination center in Taiyuan City, Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, said that the gaokao is of key significance to the national economy and people’s well-being, directly affecting the interests of millions of families. He called for upholding the vital principle of fairness and justice in the reform of the college entrance examination and admissions system and the organization of the gaokao.

    In addition, the Chinese vice premier stressed the importance of strict security for examination questions, taking measures against cheating, and providing comprehensive support to students.

    Ding Xuexiang also visited the Shanxi Institute of Applied Science and Technology, calling on the school to adapt to the new situation of the country’s industrial modernization, train highly qualified personnel required for socio-economic development, and increase employment support for graduates. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Breaking News: Dialogue and Cooperation Are the Only Right Choices for China and the US – Xi Jinping

    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 5 (Xinhua) — Dialogue and cooperation are the only right choice for China and the United States, Chinese President Xi Jinping said Thursday.

    As Xi Jinping noted during a telephone conversation with US President Donald Trump, in order to correct the course of the “big ship” of China-US relations, both sides need to set the right direction and eliminate all kinds of obstacles, including acts of sabotage, which is of particular importance.

    The Chinese leader also called on the parties to effectively use the established mechanism for trade and economic consultations, adhere to equality, respect each other’s concerns and achieve mutual benefit, stressing that China is sincere but at the same time principled in this regard. –0–

    MIL OSI Russia News –

  • MIL-OSI Video: UK 20 years of Visitor Assistants

    Source: United Kingdom UK Parliament (video statements)

    This year, we’re celebrating two decades of Visitor Assistants at Parliament.

    Immediately recognisable in their green and Parliament-purple neck wear, they are the knowledgeable team who greets and guides visitors through the historic Palace of Westminster.

    Watch two of our Visitor Assistants, Olivia and Jess, give you a preview of the friendly welcome you can expect when visiting Parliament.

    https://www.youtube.com/watch?v=7YrY37DM9TE

    MIL OSI Video –

  • MIL-OSI Video: UK Parliament Explained | Westminster Hall Debates

    Source: United Kingdom UK Parliament (video statements)

    Westminster Hall debates are held in the Grand Committee Room, a specially converted space off Westminster Hall. All debates here are neutrally worded, general motions that begin “That the House has considered [a specific matter]”.

    The principal Deputy Speaker, the Chairman of Ways and Means, has overall responsibility for the business at all sittings in Westminster Hall. Debates are chaired by an MP selected from the Panel of Chairs.

    MPs cannot vote on, or propose an amendment to, motions in Westminster Hall. If the question is challenged the Chair reports to the House of Commons, and this could lead to a vote in the Commons Chamber.

    Learn more from our complete guide to Westminster Hall Debates, including an interactive explainer: https://www.parliament.uk/about/how/business/debates/westminster-hall-debates/?utm_campaign=1222-cet-employmenthighstreet&utm_medium=referral&utm_source=shorthand

    https://www.youtube.com/watch?v=GcdO07l8RCA

    MIL OSI Video –

  • MIL-OSI Video: UK Parliament Explained | E-Petitions

    Source: United Kingdom UK Parliament (video statements)

    An e-petition is an online petition to the House of Commons or the Government started by a member of the public on the e-petitions website.

    E-petitions receive a Government response if they have 10,000 signatures or more. The Petitions Committee considers e-petitions for a debate if they have 100,000 signatures or more.

    The Committee will only consider petitions which people have started on the UK Government and Parliament petitions website.

    E-petitions stay open for six months, or until the end of the Parliament (whichever comes first), after which they are closed.

    Find open, debated, and responded-to petitions, or submit your own, on the e-petitions website: https://petition.parliament.uk/

    https://www.youtube.com/watch?v=xYURjlzJGgg

    MIL OSI Video –

  • MIL-OSI Economics: Atopic dermatitis market to reach $22.4 billion in 7MM by 2033, forecasts GlobalData

    Source: GlobalData

    Atopic dermatitis market to reach $22.4 billion in 7MM by 2033, forecasts GlobalData

    Posted in Pharma

    Atopic dermatitis (AD) is a widespread, chronic inflammatory skin condition that can affect patients of all age. Prior to the approval of Regeneron Pharmaceuticals/Sanofi’s Dupixent (dupilumab) in 2017, the AD market had been stagnant and the pipeline for drugs in late-stage development was lacking. However, recent developments have reignited interest in AD treatments, especially as the estimated drug-treated population may grow to over 25,100,000 people in 7MM by 2033. Against this backdrop, the AD market in 7MM is estimated to grow from $8.5 billion in 2023 to $22.4 billion by 2033, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Atopic Dermatitis: Seven-Market Drug Forecast and Market Analysis,” anticipates that the 7MM AD market will experience significant growth during the forecast period, registering a compound annual growth rate (CAGR) of 10.2%.

    Filippos Maniatis, Healthcare Analyst at GlobalData, comments: “AD is a growing market with an impressive pipeline of new products from current and future players in the field. The AD space was previously dominated by broad-acting immunomodulatory agents, which are now being slowly replaced by more targeted agents. This shift is likely due to better comprehension of the pathophysiology behind AD and the approval of several new systemic agents.”

    The major drivers of growth in the AD market include the increase in treatment options for all age groups and severities, the high diagnosed prevalence of AD, high treatment rates across all markets in the 7MM, the high annual cost of therapy (ACOT) expected for novel agents such as biologics and JAK inhibitors, and the novel mechanisms of action (MoAs) that will be entering the market and thus increasing the available therapeutic options for patients.

    Additionally, barriers to patient uptake that have been identified within the AD market include the highly anticipated ACOTs of pipeline agents, the pipeline topical JAK inhibitors entering a competitive topical therapy landscape, and the increasing competition in the interleukin (IL) inhibitor market.

    GlobalData’s report highlights that Sanofi/Regeneron’s Dupixent has transformed the space and has improved the quality of life for moderate to severe patients, and this gap of limited drugs available is continuing to close as many more therapies have been and will continue to be introduced during the first half of the 2023–33 forecast period. As there are many promising pipeline agents in late-stage development for AD, GlobalData expects developers to address some of these unmet needs in the next decade and beyond.

    Pipeline agents that are anticipated to be introduced in the next 10 years include the systemic drug classes OX40 inhibitors (Amgen/Kyowa Kirin’s rocatinlimab, Sanofi’s amlitelimab, Astria Therapeutics’ telazrolimab), IL inhibitors (LEO Pharma’s anti-IL-22 telazorlimab, GSK’s anti-IL-18 GSK1070806, Nektar’s anti-IL-2R complex rezpegaldesleukin), and oral PDE4 inhibitors (Union Therapeteutics’ orismilast). Other topical therapies in the pipeline include AOBiome’s bacterial therapy B-244, Aclaris Therapeutics’ JAK1/3 inhibitor, Arcutis Biotherapeutics’ PDE4 inhibitor Zoryve, and Dermavant’s AhR agonist Tapinarof.

    Maniatis concludes: “With multiple pipeline agents in development, key unmet needs may be further addressed. Such unmet needs include the lack of personalized treatments through improved diagnostic methods, the high cost of current therapy options, the limited therapeutic options for chronic hand eczema, and better long-term disease control and management.”

    *7MM- US, France, Germany, Italy, Spain, UK, and Japan

    MIL OSI Economics –

  • MIL-OSI Economics: Airbus A350s order to allow IndiGo to gain strategic share in India’s outbound long-haul market, says GlobalData

    Source: GlobalData

    Airbus A350s order to allow IndiGo to gain strategic share in India’s outbound long-haul market, says GlobalData

    Posted in Aerospace, Defense & Security

    India’s largest airline, IndiGo, has taken a decisive step in its international expansion roadmap by exercising its option to place additional orders for 30 Airbus A350-900 aircraft in June 2025, effectively doubling its initial commitment to a wide-body fleet from 30 to 60 aircraft. The move allows IndiGo to claim a strategic share in the outbound long-haul market, which has traditionally been dominated by Gulf and Southeast Asian carriers, says GlobalData, a leading data and analytics company.

    GlobalData’s “Commercial Aircraft Orders and Deliveries” dashboard reveals that IndiGo is the largest buyer of commercial aircraft in the Asia-Pacific (APAC) region, with 1,300 aircraft orders placed between 2011 and 2024, followed by Air India, Jet Airways, Go Air, and Spicejet. The dashboard also indicates that IndiGo accounts for almost one-fourth of the total orders Airbus received from the Asia-Pacific region during the same period.

    With the new order, IndiGo will also become the largest customer in India for Airbus wide-body aircraft, followed by Air India, which currently has an order for 50 aircraft in the same wide-body segment.

    Sai Kiran, Aerospace and Defense Analyst at GlobalData, comments: “The move reaffirms IndiGo’s long-term strategy to become a formidable global player in the commercial aviation sector. The additional order and growing international partnerships signify a paradigm shift in IndiGo’s positioning from a dominant low-cost domestic carrier to a serious contender in the full-service long-haul market.”

    With a modern wide-body fleet and strong global partnerships, including an expanding international code-share ecosystem with Air France-KLM, Delta Air Lines, and Virgin Atlantic, IndiGo adds significant network depth and customer access across Europe and North America.

    Kiran concludes: “Currently, Air India is the only Indian carrier operating wide-body long-haul services at scale. With the A350s and leased Boeing 777-300 ER aircraft, IndiGo is emerging as the second player in the Indian wide-body market, enhancing India’s aviation competitiveness and offering more choices to the country’s flyers for international travel.

    “Moreover, the A350s are powered by Rolls-Royce Trent XWB engines, which offer 25% less fuel burn compared to old generation engines, making them more cost-effective than other aircraft, thereby creating real competition for legacy players like Air India.”

    MIL OSI Economics –

  • MIL-OSI Russia: IMF and AUC wrap up First MENA Economic Research Conference: Steering Macroeconomic and Structural Policies in a Shifting Global Economic Landscape

    Source: IMF – News in Russian

    June 5, 2025

    Cairo: Following two days of high-level dialogue and expert analysis, the inaugural IMF MENA Economic Annual Research Conference co-organized by the International Monetary Fund (IMF) and the American University in Cairo, concluded with a strong call for coordinated, evidence-based policy responses to the region’s old and new pressing economic challenges. Held on May 18–19, 2025, the conference served as a critical platform for advancing rigorous research tailored to the realities of the Middle East and North Africa. It brought together global policymakers, academics, government officials and thought leaders to bridge the discussion on global economic issues with regional realities. The event marked a first-of-its-kind collaboration between the IMF and a leading university in the region, reflecting a shared commitment to deepening the link between academic research and policy development.

    Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, noted that trade tensions and increasing uncertainty affecting the global economy, alongside ongoing regional conflicts and climate risks, are creating new layers of complexities for MENA policymakers. Azour called for building a regional platform for dialogue and exchange of ideas that connects MENA to world-class research centers to provide reliable analysis and develop workable and innovative policy responses to old and new economic issues facing the region. “We are deeply grateful to President Ahmad Dallal and AUC for their commitment to fostering dialogue, research, and policy innovation in the region.”

    AUC President Ahmad Dallal highlighted the event’s role as a vital platform in fostering collaboration between governments, academia and the private sector. “This is about generating ideas that are globally informed but deeply rooted in the realities of our region,” he noted. Dallal affirmed that this type of multi‑stakeholder engagement is at the heart of AUC’s mission and reflects the University’s commitment to research, education, and open dialogue as drivers of stability, resilience, and inclusive growth.

    Under the theme “Steering Macroeconomic and Structural Policies in a Shifting Global Economic Landscape,” discussions centered on four pivotal issues shaping the future of the MENA region and the global economy:

    • Fiscal Policy: With public debt at historic highs, experts stressed the importance of rebuilding fiscal buffers while tackling social inequalities, aging populations, and climate pressures. Proposals included reforms in fiscal frameworks and measures to mobilize revenues including through multinational taxation and more progressive tax systems.
    • Monetary Policy: Participants reflected on the lessons of recent inflationary shocks, emphasizing the need for more preemptive and well communicated policy responses to global shocks and sector-specific disruptions—particularly for emerging markets.
    • Industrial Policy: Speakers examined the renewed interest in industrial policy as a tool to drive inclusive growth, innovation, and climate resilience. The discussion highlighted the need to balance vertical strategies with horizontal reforms that promote private investment, trade integration, and productivity.
    • Green Transition and AI: The intersection of climate action and digital transformation sparked debate about their potential to reshape labor markets. Recommendations included investing in human capital, developing targeted safety nets, and aligning policy tools to support job creation in low-emission sectors.

    Throughout the sessions, there was a clear consensus that the MENA region’s economic resilience depends on institutional reforms, cross-border cooperation, and investment in skills and innovation. Participants also underscored the importance of embedding policy in local realities—an approach that both the IMF and AUC pledged to champion moving forward.

    In addition to prominent global and regional academics, as well as economists and government officials from across the region, and representatives of international and regional organizations, the conference brought together policymakers, including Rania El Mashat, minister of planning, economic development and international cooperation, Egypt; Youssef Boutros-Ghali, member of the Specialized Council for Economic Development, Egypt; Mahmoud Mohieldin, United Nations special envoy on financing the 2030 Sustainable Development Agenda; and Martin Galstyan, governor of the Central Bank of Armenia.

    As Nigel Clarke, IMF Deputy Managing Director concluded, “This conference is a milestone demonstrating the IMF’s commitment to deepening engagement with the research and academic community, as we strive to ensure that the IMF support is not only responsive to the needs of member countries, but also built on rigorous tested analytics and importantly, it’s aligned with local realities. Through this kind of multi-stakeholder dialogue, we aim to better understand how all our expertise and resources can be directed towards the most pressing challenges of the region.”

    Visit the conference website for more details and to rewatch Day 1 and Day 2 of the discussions.

    Founded in 1919, The American University in Cairo (AUC) is a leading English-language, American-accredited institution of higher education and center of the intellectual, social, and cultural life of the Arab world. It is a vital bridge between East and West, linking Egypt and the region to the world through scholarly research, partnerships with academic and research institutions and study abroad programs.

    The University offers 39 undergraduate, 52 master’s and two PhD programs rooted in a liberal arts education that encourages students to think critically and find creative solutions to conflicts and challenges facing both the region and the world.

    An independent, nonprofit, politically non-partisan, non-sectarian and equal opportunity institution, AUC is fully accredited in Egypt and the United States.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/06/04/pr25180-imf-auc-wrap-up-1st-mena-conf-macroecon-structural-policies-shifting-global-econ-landscape

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI United Nations: 5 June 2025 Donors making a difference: cholera

    Source: World Health Organisation

    Cholera is a severe diarrhoeal disease that can be fatal within hours if not treated. Quick access to treatment is therefore crucial. Researchers estimate that there are 1.3 to 4 million cases and 21 000 to 143 000 deaths from cholera worldwide each year, with cases surging since 2021. Over 40 countries reported cases last year, and WHO estimates that 1 billion people are directly at risk.

    Cholera remains a global public health threat closely linked to inequality and inadequate social and economic development. Access to safe water, basic sanitation and hygiene are essential to prevent cholera and other waterborne diseases.

    WHO works to improve prevention and control of cholera globally, as well as increase awareness. WHO and partners also support research for the development of innovative strategies to prevent and control cholera.

    Below are some examples of how WHO is collaborating with governments and partners across the world, with critical financial support from donors, to prevent and control cholera.

    WHO and the French Development Agency strengthen emergency community responses to cholera in Democratic Republic of Congo

    WHO and the French Development Agency launch a cholera response project in Haut-Katanga to strengthen emergency community responses.
    Photo by: WHO/Joel Lumbala

    WHO, in partnership with the French Development Agency, has launched a catalytic US$ 392 000 project, working closely with the health authorities of Haut-Katanga and the National Program for the elimination of cholera and the fight against other diarrheal diseases.

    This project aims to drastically reduce the risk of cholera epidemics in this southeastern province of the Democratic Republic of Congo. The project will provide medical supplies, improve infection prevention and control, install 40 oral rehydration points and build two semi-durable isolation treatment centres in the Kafubu and Kipushi health zones.

    Over six months, the project will train 50 registered nurses and 140 community health workers in integrated disease surveillance and response, while raising awareness amongst the population on good hygiene practices. The health zones will also be empowered to locally produce liquid chlorine (bleach) to facilitate the decontamination of households affected by suspected cases of cholera, the treatment of drinking water and medical needs in health facilities. Solar kits and reagents will be available for 6 months.

    Read the full story (in French)

    Angola reinforces actions to end cholera with WHO support

    Deploying rapid response teams, training health personnel, establishing cholera treatment centres and units, providing safe drinking water, intensive community engagement, and the rollout of targeted vaccination campaigns is part of the urgent response measures against cholera. Photo by: WHO/Angola

    Since the onset of a cholera outbreak in Angola in January 2025, more than 14 000 cases and 505 associated deaths have been reported. Around 50% of the cases affected people under 20 years.

    The Ministry of Health, in close coordination with WHO and other development partners, carried out a series of urgent response measures. These included deploying rapid response teams, training health personnel, establishing cholera treatment centres and units, providing safe drinking water, intensive community engagement, and the rollout of targeted vaccination campaigns.

    In addition, health authorities, with support from WHO and United Nations Children’s Fund (UNICEF), mapped and treated the country’s main water access points. In early 2025, 28 public health officials from 15 municipalities in five of the most affected provinces were trained in mapping water sources. Nearly 320 water sources were mapped, improving access to treated water for people, particularly in Luanda and Icolo e Bengo provinces, which account for around 94% of cholera cases and 15% of related deaths in the country.

    Read the full stories here and here

    How WHO is supporting cholera outbreak response in Sudan

    A child receives oral cholera vaccine in Baqa’a shelter for internally displaced people in Gedaref, October 2024. Photo by: WHO/Omer Tarig

    The Federal Ministry of Health of Sudan declared a cholera outbreak on 12 August 2024, following the confirmation of cases in Kassala State. Heavy rains, flooding, overcrowding, and limited access to clean water in displacement sites and within communities contributed to the rapid spread of the disease. As of 18 January 2025, the outbreak had affected 84 localities across 11 states, with more than 51 300 cases and 1 359 deaths reported.

    As part of the response, the Federal Ministry of Health, with support from WHO and UNICEF, has conducted oral cholera vaccination campaigns in 8 states, reaching 7.4 million people.

    WHO is supporting the outbreak response through comprehensive health interventions that include strengthening surveillance, deployment of rapid response teams for swift investigation of alerts, case management and improving water quality, sanitation and hygiene services in displacement sites and other at-risk communities.

    WHO is able to deliver on its cholera commitment through the financial contribution of donors: Gavi, the Vaccine Alliance, the European Union Commission, United Nations Central Emergency Response Fund (CERF), United States Agency for International Development (USAID), UN Multi-Partner Trust Fund Office (MPTF), and the Governments of France and Germany.

    Read the full story

    WHO and partners launch second cholera vaccine dose to protect young refugees in Cox’s Bazar

    A young girl receives the 2nd dose of the OCV Vaccine in the Rohingya Camps. Photo by: WHO/Terence Ngwabe Che

    In April 2025, WHO, in collaboration with the Government of Bangladesh and health sector partners, launched the second round of a targeted Oral Cholera Vaccination (OCV) campaign in Cox’s Bazar. This initiative aims to administer a second dose of the vaccine to Rohingya refugee children aged 1 to 5 years.

    This builds on the success of the initial mass vaccination campaign conducted in January 2025, across the Cox’s Bazar, Bandarban districts, and on Bhasan Char Island. A total of 1.4 million doses were administered from the 1.6 million doses supplied by the International Coordinating Group on Oral Cholera Vaccine Provision for Cholera Control.

    The vaccine deployment followed an approved request by the Directorate General of Health Services, Communicable Disease Control, with operational support from Gavi, the Vaccine Alliance.

    Read the full story

    WHO and King Salman Humanitarian Aid & Relief Centre expand life-saving health interventions

    KSRelief Supervisor-General, Abdullah Al Rabeeah, and Dr Tedros, signing funding agreements in response to humanitarian crises at the Riyadh International Humanitarian Forum on 24-25 February 2025, Kingdom of Saudi Arabia. Photo by: WHO/Karim Yassmineh.

    WHO and the King Salman Humanitarian Aid and Relief Centre (KSrelief) agreed on a series of new pledges to deliver life-saving health measures for people threatened by cholera and malaria in Yemen. The pledges also support health services for Sudanese who have fled conflict to neighbouring Egypt, and to support polio eradication efforts in countries where the virus continues to circulate. The agreements were signed during the fourth Riyadh International Humanitarian Forum, being held on 24-25 February.

    WHO’s Country Office in Yemen and KSrelief finalized a donation of US$ 2.1 million to support an existing agreement to expand cholera response and control measures, and improve access to treatment in affected and high-risk areas.

    Read the full story

    Purified water, lives saved: the fight against cholera in Haiti continues

    OPS/WHO delivering materials to the Ministry of Public Health and Population to respond against cholera. Photo by: OPS/WHO

    PAHO/WHO continued to support the Ministry of Public Health and Population in its fight against cholera since its resurgence in October 2022. Access to clean and safe water remains a major challenge in Haiti and is a key factor in the decline of the disease across the country.

    With support from the UNCERF and in partnership with the health authorities, PAHO/WHO implemented a project to improve access to drinking water for Acute Diarrhea Treatment Centres, facilities established to treat cholera patients.

    Installing a water treatment unit made it possible to supply drinking water, on demand, by tanker trucks to a network of 15 distribution points, consisting of tankers installed in as many health facilities throughout the department. In the second phase, 218 departmental health officers were trained on methods for accessing drinking water, effective sanitation techniques, and essential hygiene practices to prevent water-related diseases.

    Read the full story (in French)

    Malawi declares end of cholera outbreak

    Case management at Area 25 cholera treatment centre. Photo by: WHO/Ovixlexla Kamenyagwaza-Bunya

    The Government of Malawi, through its Public Health Institute, declared the end of a protracted cholera outbreak that started in March 2022 and lasted over two years. WHO and partners supported the set-up of cholera treatment centres and units and oral rehydration points, provided clinical mentorship, and supported the development of referral guidelines and standardized patient records from the initial stages of the outbreak.

    The surveillance team supported the roll out of the One Health Surveillance Data Platform, intensified case investigations, and strengthened laboratory testing and event-based surveillance. WHO also provided support for oral cholera vaccination campaigns, where over four million doses were administered with a utilization rate of almost 100%.

    To strengthen resilience and bolster global health security, in June 2023, WHO conducted a Scoping Mission which led to the development of a 2-year roadmap. WHO continues to work with multi-sectoral partners and the donor community to support implementation of these priorities. In 2024, USAID and FCDO UK provided funds towards preparedness activities.

    Read the full story

    South Sudan steps up vaccination, response measures to curb cholera

    A vaccinator administering oral cholera vaccine in Renk, Upper Nile State, during December 2024’s campaign after the September outbreak declaration.
    Photo by: WHO/Atem John Ajang

    The Government of South Sudan declared a cholera outbreak in October 2024. In January 2025, the Ministry of Health, with support from WHO and partners, rolled out several oral cholera vaccination campaigns in four high-risk countries: Malakal, Juba, Renk, and Rubkona.

    With support from Gavi, the Vaccine Alliance, around four million doses of the vaccine were approved and around 910 000 doses administered (as of January 2025) in the four counties, which is above 90% coverage.

    WHO continues to distribute essential medical supplies for cholera response to local and national health authorities and partners, which can treat 4 700 cholera cases. WHO has also facilitated the establishment of a 50-bed cholera treatment centre at Juba Teaching Hospital and is supporting the deployment of nine rapid response teams from national level to 11 priority counties to support implementing partners on the ground to provide critical case management.

    Read the full story

    Scaling up cholera testing in Zimbabwe

    WHO staff build cholera treatment centres with support of communities. Photo by: WHO/Vivian Mugarisi

    To ramp up testing for cholera in Zimbabwe, WHO supported the Ministry of Health and Child Care (MoHCC) with training of 986 nurses in antigen Rapid Diagnostic Test (RDT) testing, addressing critical staff shortages at rural health centres. Additionally, 44 laboratory personnel at provincial and district levels were trained in cholera culture, further strengthening diagnostic capacity.

    Prior to the training programme, testing capabilities were limited. Between the outbreak’s onset in February 2023 and 18 January 2024, only 2 090 antigen RDTs and 2 250 culture tests were conducted across 10 health centres. Following the training, the number of antigen RFT tests increased to 9 853, a staggering 371% increase. The success of the programme is attributed to the collaborative efforts of various stakeholders including UNICEF, Higher Life Foundation, JHPIEGO, World Vision International and WHO, with MoHCC leading the efforts.

    Funding for the training activities came from the Health Resilience Fund (HRF), UNCERF and the United States Department of the State (USDOS). HRF is a pool of funding from the European Union, the Government of Ireland and the United Kingdom, as well as Gavi, the Vaccine Alliance.

    Additionally, in a significant boost to Zimbabwe’s healthcare infrastructure, WHO donated a wide range of medical equipment to the Ministry of Health and Child Care (MoHCC). The equipment, valued close to USD$1.8 million, was funded by various donors and partners, including the African Development Bank (AfDB), the UN Central Emergency Response Fund (UNCERF), USAID, and the Government of Japan.

    Read the full stories here and here

    ***

    Read more about WHO’s work on cholera

    The donors and partners acknowledged in this story are (in alphabetical order)

    African Development Bank, European Union, French Development Agency, Germany, Gavi, the Vaccine Alliance, Health Resilience Fund, Higher Life Foundation, International Coordinating Group on Oral Cholera Vaccine Provision for Cholera Control, Ireland, Japan, JHPIEGO, King Salman Humanitarian Aid and Relief Centre, United Kingdom Foreign Commonwealth and Development Office, UNICEF, UN Central Emergency Response Fund, UN Multi-Partner Trust Fund Office (MPTF), United States Department of the State, USAID, World Vision International.

    WHO’s work is made possible through all contributions of our Member States and partners. WHO thanks all donor countries, governments, organizations and individuals who are contributing to the Organization’s work, with special appreciation for those who provide fully flexible contributions to maintain a strong, independent WHO.

    MIL OSI United Nations News –

  • MIL-OSI Canada: Minister Sidhu advances Canada’s trade priorities with G7 trade ministers

    Source: Government of Canada News (2)

    June 5, 2025 – Paris, France – Global Affairs Canada

    This week, the Honourable Maninder Sidhu, Minister of International Trade, hosted a meeting with G7 trade ministers in Paris, France.

    Minister Sidhu led an important discussion on the G7’s role in contributing to a trade environment that supports our shared goals of driving economic growth, creating good-paying jobs, and building long-term prosperity. The G7 trade ministers engaged on pressing issues that are impacting the global economy.

    Minister Sidhu reaffirmed Canada’s commitment to the rules-based global trading system and the principles that underpin it. He highlighted the need for open, stable markets that ensure predictability amidst economic uncertainty, which is particularly important for small and medium-sized enterprises disproportionately affected by trade disruptions.

    The minister also emphasized the importance of addressing the impacts of non-market policies and practices on our workers, businesses and economies.

    MIL OSI Canada News –

  • MIL-OSI Canada: Europe trade mission will promote B.C. tech, attract investment

    Source: Government of Canada regional news

    A B.C. delegation will travel to Europe to promote the province’s expertise in technology to support investment and trade opportunities for businesses in the province, and good-paying jobs for British Columbians.

    The best of B.C. technology and agricultural technology will be highlighted on the world stage during three major tech conferences: London Tech Week, GreenTech in Amsterdam and VivaTech in Paris. These events provide a platform to showcase what B.C. has to offer and attract investment, driving sustainable and innovative growth in B.C.

    Diana Gibson, Minister of Jobs, Economic Development and Innovation, and Rick Glumac, Minister of State for Trade, will be in Europe from June 9 until June 14, 2025.

    “Now more than ever, it’s critical that we reach into new markets and promote B.C. as a competitive destination for business across all sectors,” Gibson said. “We will be meeting with investors, key government officials and stakeholders to build connections and showcase our world-class, made-in-B.C. technology.”

    In early 2023, the B.C. government introduced the Trade Diversification Strategy to strengthen and expand the province’s trading base. Through this initiative, B.C. is fostering trade and investment opportunities in new markets while growing its presence in established ones, increasing both the number and diversity of B.C. exporters.

    Today, the province benefits from a network of more than 50 trade and investment representatives across 14 key markets in North America, Europe and Asia. Given rising global trade tensions, the urgency of these efforts has become more pronounced.

    “B.C. is already seeing strong results since the launch of our Trade Diversification Strategy, with exports growing in new and existing markets globally,” Glumac said. “We will be travelling with numerous B.C. companies on this European trade mission to build on our efforts to diversify trade and showcase the incredible innovation coming from B.C.”

    The ministers will be meeting with key representatives during three major tech conferences overseas:

    • London Tech Week is a collection of events featuring tech innovation, entrepreneurship and talent. The Province will highlight B.C.’s economic priorities and gain perspectives on B.C.-U.K. trade and investment, while connecting with B.C. companies successfully operating in the U.K.
    • VivaTech is Europe’s biggest tech and startup event, with companies from more than 25 sectors and more than 2,000 investors and funds. Canada is Country of the Year for 2025 and Scale AI, the Canadian AI Cluster, is organizing a delegation for about 100 Canadian companies, of which 16 are from B.C. In addition, Canada’s Ocean Supercluster and National Research Council are organizing an Ocean Tech mission to France with 11 companies, eight of which are from B.C. As part of that mission, they will be at Vivatech, where a specific focus session on their technologies will be held.  
    • GreenTech Amsterdam is the premier global trade show for horticulture technology, bringing together more than 13,000 professionals and 530 exhibitors from around the world. The event showcases cutting-edge innovations in areas such as greenhouse automation, robotics, AI, climate control, water and energy solutions, and vertical farming. This is the fourth year that B.C. will participate with a booth at the event.

    “Greentech Amsterdam is a prime opportunity to showcase leading companies with made-in-B.C. technologies that advance food production, open doors to global partnerships and drive long-term growth,” said Seychelle Cushing, executive director, B.C. Centre for Agritech Innovation. “The B.C. Centre for Agritech Innovation is proud to partner with leading agri-businesses, government and academia to showcase B.C.’s leadership in agritech innovation on the world stage.”

    The EU meetings build on the work underway on Premier David Eby’s trade mission focused on key markets in Asia, as B.C. elevates and expands its trade efforts for new partnerships in light of the ongoing global trade conflict.

    B.C. is the economic engine of the new Canada and innovation is at the heart of this transformation, positioning the province as a global destination for tech talent and investment.

    Quick Facts:

    • In 2022, the European Union was B.C.’s fifth-largest destination for exports.
    • With 20 EU members and seven non-EU members adopting the euro as their official currency, trade and competition is facilitated between businesses in the region while concurrently providing price stability.
    • The Canada-EU Comprehensive Economic and Trade Agreement was established in 2017 and facilitates trade between Canada and the European Union.

    Learn More:

    To learn more about the deputy minister’s recent mission to Hannover Messe in Germany, visit: https://www.britishcolumbia.ca/news-stories/b-c-fuels-innovation-at-hannover-messe-2025/

    To read the Trade Diversification Strategy, visit:
    https://www2.gov.bc.ca/gov/content/employment-business/international-investment-and-trade/trade-diversification-strategy

    For more about the StrongerBC Economic Plan, visit:
    https://strongerbc.gov.bc.ca/economic-plan/

    For more about trade and investment in B.C., visit: www.britishcolumbia.ca

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: United Strength is Stronger: Council backs motion to honour the city for its Centenary

    Source: City of Stoke-on-Trent

    Published: Thursday, 5th June 2025

    Stoke-on-Trent City Council has today (Thursday 5 June) called on everyone to unite in their support to honour the city as it celebrates its Centenary.

    The council convened in a special Centenary session to commemorate 100 years since Stoke-on-Trent was granted city status.

    The motion called on all in the city to join together in the spirit of ‘United Strength’ and to celebrate ‘our history and heritage, honour our people and achievements, and pledge itself to a future built on unity, strength and hope’.

    The meeting, taking place on the very first Stoke-on-Trent Day forms part of a much wider programme of events celebrating 100 years of city status, which have captured the imagination of people in Stoke-on-Trent as well as much further afield.

    The debate took place following the procession of the city’s regalia into the King’s Hall – bringing together civic regalia for each of the towns for the first time in history, with the chains of office not being used in a meeting for over 100 years.

    The regalia includes the newly created Fenton Mace – designed by students from the University of Stafford to complete the city’s regalia.

    Local historian Fred Hughes led invited guests through the events of 5 June, 1925 and Centenary Poet Laureate, Nick Degg, performed a brand-new poem he penned for Stoke-on-Trent Day.

    The city council Staff Choir performed Angels by Stoke-on-Trent pop legend Robbie Williams and Six Towns One City – an original song written by for the Centenary by a member of the staff choir.

    Afterwards, the Stoke-on-Trent Youth Council looked forward to the future ambitions of the city and how they may pan out over the next 100 years.

    Lord Mayor of Stoke-on-Trent, Councillor Steve Watkins, said: “It’s an honour to be Lord Mayor of this great city as we celebrate the very first Stoke-on-Trent Day. It’s a chance for everyone who loves this city – from our diverse local communities to those who have moved away – to come together and celebrate our shared heritage and future.

    “Today we’re calling on everyone in our city – residents, businesses, and institutions – to join together, in the spirit of “United Strength,” to make sure that Stoke-on-Trent’s next century is one of renewal and shared success.”

    For more on the Centenary and what’s happening across the city, visit sot100.org.uk

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: £76M Funding Set To Boost Birmingham’s Status As ‘City Of Choice’ For Investors And Residents

    Source: City of Birmingham

    Birmingham City Council is set to invest £76m into a range of projects aimed at boosting the city’s economy

    This will enhance prospects for residents and businesses and underpinning Birmingham’s status as a city of choice for investors, after plans were unveiled in a meeting of the Cabinet.

    The funding comes from the integrated settlement, negotiated through the trailblazer devolution deal agreed with the Government and West Midlands Combined Authority (WMCA).  It covers five areas: local growth and place, adult skills and employment, retrofit, housing and regeneration, and transport, and helps to deliver the Council’s Economy and Place Strategy (EPS), which was also agreed at the Cabinet.

    Specific investment includes funding to assist local businesses and social enterprises to grow, boosting the skills and opportunities of residents, and supporting the diverse, creative, art and cultural scene including film, music and tourism. It funds sports and participation, helping community anchor organisations to support their local area and bring underutilised spaces back into use. The funding package also includes upgrading of homes through retrofit works and enabling active travel schemes. 

    The EPS will help drive investment in specific places to support the expansion of key economic sectors for jobs growth, the local business environment, transport improvements and employment opportunities for residents. 

    In particular, the EPS outlines a set of major opportunities of the East Birmingham North Solihull growth area, which will receive an additional boost following this week’s announcement that a share of £2.4billion of transport funding from the Government will be used to extend services from Birmingham city centre to the new sports quarter. The extensive opportunities in the EPS in the East include:

    • The East Birmingham Growth Zone sites of Bordesley Park, (the location of Birmingham City Football Club’s proposed ‘Sports Quarter’ development), Tyseley Green Innovation Quarter, and the new HS2 control centre with accompanying commercial land.
    • The Birmingham Knowledge Quarter (BKQ) which is a site within the West Midlands Investment Zone 
    • Most of the Enterprise Zone in the heart of the city centre, with key sites of Smithfield, Digbeth and Curzon.

    The EPS also highlights significant housing sites including Langley, Ladywood and Druids Heath for large scale housing delivery alongside priorities for housing retrofit. 

    The strategy aims to grow the local economy in an inclusive way so people and places across the city benefit, and to promote sustainable, bottom-up opportunities for economic, social and cultural projects across Birmingham, including social enterprises and partnerships with organisations that offer knowledge of local needs and opportunities to develop local solutions.

    Councillor Sharon Thompson, Deputy Leader of Birmingham City Council, welcomed the agreement of the funding and strategy, saying: “The new funding can help us move forward in growing the success of our city and expanding benefits beyond the City Centre, securing more jobs and investment and providing support for businesses and residents, such as skills training to move into the jobs.

    “This additional funding helps underpin Birmingham’s status as a great place to live, work and invest. Key to our Economy and Place Strategy is developing stronger local capacity to enhance local centres and high streets, anchored in co-delivery with communities.” 

    For media enquiries, please email press.office@birmingham.gov.uk

    You can find out more about the proposed EPS funding by downloading the report that was presented to Cabinet on June 3rd 2024.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New Chair for Criminal Injuries Compensation Authority Board

    Source: United Kingdom – Government Statements

    News story

    New Chair for Criminal Injuries Compensation Authority Board

    Three-year appointment of Julian Blazeby to board role announced.

    Julian Blazeby has been appointed as the non-executive Chair of the Criminal Injuries Compensation Authority (CICA) Board under the new Executive Agency Framework introduced in 2024-25. His appointment is for three years. Mr Blazeby will also serve as a non-executive member of the CICA Audit and Risk Assurance Committee.

    Mr Blazeby is on the board of the Disclosure and Barring Service. He is Chair of its People Committee and is a member of its Quality, Finance and Performance Committee.

    Mr Blazeby has previously held senior civil service roles with the Ministry of Defence, the Independent Police Complaints Commission and the Government of Jersey.

    The CICA Board provides strategic leadership for CICA. It advises on strategy, monitors performance, and assesses significant risks. The Chair gives strategic oversight and leadership of the CICA Board; ensuring its continued effectiveness and giving advice and challenge on the organisation’s delivery and performance.

    Lynne Henderson, Deputy Chief Executive Officer for CICA, said:

    “This appointment will provide vital scrutiny and challenge to the CICA Board, guiding our work and helping us deliver on our priorities. Julian Blazeby will bring a wealth of experience and I look forward to working with him in our support to victims of violent crime.”

    Updates to this page

    Published 5 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: NATO Allies enhance cooperation in the air

    Source: NATO

    On Thursday (5 June 2025), NATO Allies further strengthened their ability to train aircrews and use cross-border airspace for exercises.

    At a signing ceremony held on the margins of NATO Defence Ministers’ meeting, a number of Allies joined two established initiatives. 

    Canada, Denmark, Norway and Poland joined the NATO Flight Training Europe (NFTE) High-Visibility multinational initiative, which aims to ensure the delivery of state-of-the-art pilot training across Europe in a cost-efficient and interoperable manner.

    Since its launch in 2020, eight military campuses have been fully accredited for NFTE training and six are undergoing certification. NFTE training includes basic, intermediate and advanced training for fighter jet, helicopter and transport pilots, as well as personnel who remotely pilot uncrewed aircraft. On 5 March the first group of students graduated in Remotely Piloted Aircraft System training at the NFTE campus in Waddington, United Kingdom.

    Canada, Croatia, Czechia, Luxembourg, Montenegro, the Netherlands and Slovenia agreed to join the 21 other Allies that participate in the Cross-Border Airspace Cooperation initiative.  

    Launched in 2023, this initiative aims to develop larger airspace solutions, including cross-border, that are better suited to accommodate training events for modern air capabilities and systems.

    MIL Security OSI –

  • MIL-OSI Europe: OSCE Presence trains Albanian journalists to report responsibly on small arms, security and gender-based violence

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

    Headline: OSCE Presence trains Albanian journalists to report responsibly on small arms, security and gender-based violence

    Training journalists to report responsibly on small arms, security and gender-based violence, Tirana, 3 June 2025. (OSCE) Photo details

    Eleven journalists from different media outlets participated in a training aiming to enhance the quality of reporting on incidents related to small arms and light weapons (SALW), with a specific focus on gender-based violence, on 3 June 2025. The interactive training was organized by the OSCE Presence as part of its support to Albanian authorities’ efforts to strengthen public awareness about the risks and misuse of SALW.
    A newly-published handbook by the OSCE Presence in Albania, titled “Beyond the headlines: A journalist’s guide to reporting on security, SALW and gender-based violence in Albania” was presented during the training and used as a key resource. Open discussions and practical cases enabled participants to exchange best practices and principles for responsible reporting. Local and international experts on gender-based violence, civil society representatives, regional partners such as SEESAC and international media experts shared their experiences on regulatory frameworks, best practices, and field work – aiming to increase knowledge and ensure a common understanding among journalists on these topics.
    The initiative emphasized the essential role of media in shaping public perception, educating communities and influencing societal attitudes, while underscoring the need for accuracy, sensitivity and ethical responsibility in news coverage. Particular attention was paid to the potential impact of media narratives on public understanding of safety and gender-based violence.
    The training was part of the OSCE Presence’s project “Assisting the national authorities of the Republic of Albania to decrease the risk of weapon proliferation and misuse of small arms and light weapons”, funded by the European Union, Germany and France. As part of its broader efforts, the project has established close relationships with the media and organized a series of events with journalists covering security issues.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Your chance to see the brand new Women’s Rugby World Cup Trophy in Sunderland

    Source: City of Sunderland

    There’s still time to have your photo taken with the brand new Women’s Rugby World Cup trophy when it puts in a special appearance in Sunderland’s Keel Square this Friday 6 June.

    The trophy the world’s top women’s rugby teams will be competing for this summer will be in Keel Square between 10 am and 4pm on the first day of the three-day Sunderland Food and Drink Festival. 

    World Rugby unveiled the new trophy last month to tie in with the start of the 100-day countdown to the opening match of the Women’s Rugby World Cup in Sunderland on Friday 22 August. This will see England’s Red Roses take on the USA at the Stadium of Light.

    The trophy’s visit marks the culmination of a nationwide tour of all eight host cities and towns as excitement continues to build for the record-breaking tournament.

    Ahead of its visit to Keel Square on Friday, youngsters from local schools got their chance to put their rugby skills to the test and have their photos taken with rugby’s newest icon when it stopped off at Hylton Castle on Wednesday.

    Councillor Michael Mordey, Leader of Sunderland City Council, said: “It’s fantastic to have the trophy visiting Sunderland as we count down to hosting the opening match of the Women’s Rugby World Cup on 22 August.

    “Having the opening game here is a brilliant opportunity to showcase our city on the international stage.

    “We’re really looking forward to welcoming England’s Red Roses and the USA teams to Sunderland, as well as rugby fans from this country and across the world when the tournament kicks off in Sunderland in August.

    “It was also great to see our own young players, who could well be the next generation of top rugby stars, demonstrating their own rugby skills during the trophy’s stop off at Hylton Castle on Wednesday.”

    The 2025 tournament is the biggest Women’s Rugby World Cup in history after selling more than 300,000 tickets – more than twice the total attendance at the last tournament in New Zealand in 2021.

    People visiting Keel Square on Friday will be able to see the new Women’s Rugby World Cup trophy and the bespoke RWC 2025 Defender Trophy Tour Vehicle and have the opportunity to have their photo taken with them both.

    Councillor Beth Jones is Sunderland City Council’s Cabinet Member for Communities, Culture and Tourism: “With excitement continuing to build now that we’re less than 100 days away from the tournament kicking off in Sunderland, this is a brilliant opportunity to have your photo taken with the trophy that the top women’s rugby teams in the world are going to be competing for this summer,” she said.

    “It’s also a great chance to find out more about the sport so I’d encourage everyone to come down, have your photo taken with the trophy and enjoy a fantastic time at the Food and Drink Festival while you’re here.”

    Women’s Rugby World Cup 2025 Managing Director, Sarah Massey, said: “Women’s Rugby World Cup 2025 promises to be a landmark tournament for the sport and the trophy tour to our host locations provides a brilliant opportunity to ignite excitement across England.

    “We look forward to celebrating with fans and encouraging even more people to be a part of this unforgettable tournament.”

    Sunderland Food & Drink Festival is set to take place across Keel Square, High Street West and Market Square from Friday 6 to Sunday 8 June.

    Featuring food from across the world including street food and artisan produce, visitors will also be able to enjoy the live stage programme in Keel Square from 11am to 7pm every day.

    For more information on the food and drink festival visit https://sunderlandfooddrinkfest.co.uk/live-entertainment/

    To find out more about the Women’s Rugby World Cup, how to get tickets and how to get involved in free rugby activities in Sunderland visit:Rugby World Cup 2025 – MySunderland

    To find out more about free rugby activities provided by Newcastle Rugby Foundation as community engagement programme partner for the Women’s Rugby World Cup, and how to get involved visit: WRWC Countdown – Newcastle Rugby Foundation

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Lightning: Xi Jinping and D. Trump agreed that the teams of the two countries will continue to implement the consensus reached at the Geneva talks

    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

    Xinhua | 05. 06. 2025

    Keywords: China-USA

    Source: Xinhua

    Flash: Xi Jinping and D. Trump agreed that the teams of the two countries will continue to implement the consensus reached at the talks in Geneva Flash: Xi Jinping and D. Trump agreed that the teams of the two countries will continue to implement the consensus reached at the talks in Geneva

    MIL OSI Russia News –

  • MIL-OSI Russia: Lightning: Xi Jinping urged China and the US to effectively utilize the established mechanism of trade and economic consultations, adhere to equality, respect each other’s concerns, and achieve win-win results

    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

    Xinhua | 05. 06. 2025

    Keywords: China-USA

    Source: Xinhua

    Flash: Xi Jinping Calls on China and the US to Make Effective Use of the Established Trade and Economic Consultation Mechanism, Adhere to Equality, Respect Each Other’s Concerns, and Seek Win-Win Results Flash: Xi Jinping Calls on China and the US to Make Effective Use of the Established Trade and Economic Consultation Mechanism, Adhere to Equality, Respect Each Other’s Concerns, and Seek Win-Win Results

    MIL OSI Russia News –

  • MIL-OSI USA: Sen. Greg Dolezal Named James Magazine 2025 Exceptional State Lawmaker of the Year

    Source: US State of Georgia

    ATLANTA (June 5, 2025) — Chairman of the Senate Committee on Transportation Sen. Greg Dolezal (R–Cumming) was recently recognized as one of the 2025 Exceptional State Lawmakers of the Year by James Magazine.

    “Thank you to James Magazine for recognizing me as a 2025 Exceptional State Lawmaker of the Year,” said Sen. Dolezal. “Serving the people of Forsyth County and advancing conservative, pro-growth policies under the Gold Dome is a responsibility I take seriously. From pushing back on tax increases to protecting public access to our state parks, I’ve worked to deliver results that reflect the values of our community. Georgia is at a pivotal moment, and I’ll keep fighting to ensure it remains a state where families can thrive, businesses can grow and government works for the people, not the other way around.”

    Phil Kent, CEO and publisher of James Magazine, applauded Sen. Dolezal’s recognition.

    “James Magazine is proud to present Sen. Greg Dolezal with the ‘2025 Exceptional State Lawmaker Award’ at a recent reception for demonstrating outstanding legislative leadership and impressive work on a wide range of policy issues too numerous to mention,” said Kent. “He is chair of the Senate Committee on Transportation and Vice Chair of the Senate Committee on Appropriations, opposes tax increases, and has voted to reduce the state income tax with the hope of eventually ending it. The Senator also serves his district with excellent constituent service along with supporting smart infrastructure needs. He has also fought to keep property taxes low while working to attract high-paying jobs. Congratulations to Sen. Dolezal!”

    More information on the award can be found here.

    # # # #

    Sen. Greg Dolezal serves as Chairman of the Senate Committee on Transportation. He represents the 27th Senate District, which includes a large part of Forsyth County. He may be reached by phone at (404) 656-7127 or via email at Greg.Dolezal@senate.ga.gov.

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI Global: Why South Korea’s new leader may be on a collision course with Trump

    Source: The Conversation – UK – By Christoph Bluth, Professor of International Relations and Security, University of Bradford

    The new South Korean president, Lee Jae-myung, calls himself a foreign policy “pragmatist”. He says he is driven by South Korea’s national interest, rather than ideology, and has spoken of his desire to improve relations with China and North Korea.

    Under the former president, Yoon Suk Yeol, South Korea’s relationship with these countries came under increasing strain. Yoon adopted a confrontational stance toward North Korea, and openly sided with Washington in its rivalry with Beijing. Lee’s vision may bring his government into conflict with the Trump administration.

    On the campaign trail, Lee sought to dispel doubts about his commitment to the longstanding military alliance between the US and South Korea. He repeatedly described Seoul’s relationship with Washington as the “basic axis of our diplomacy”.

    But he signalled that there would be some rebalancing of relations under his leadership, stressing that South Korea should not rely solely on the US. This reflects the fundamental belief of liberal politicians in South Korea. While acknowledging the importance of ties with the US, they want a more balanced relationship with other regional powers like China.

    Lee says closer relations with China will occur within the framework of South Korea’s alliance with the US. But, with Washington and Beijing battling for global influence, this is still likely to become a major point of tension with the US. The Trump administration has taken a hawkish approach towards China and wants its allies to do the same.

    Lee, for his part, has stated that South Korea should not be forced to choose between the US and China, saying: “We should not put all our eggs in one basket”. And he has signalled that his government will resist efforts by Washington to draw South Korea into any conflict with China over Taiwan or territorial disputes in the South China Sea.

    The Lee government clearly has a delicate balancing act ahead when it comes to the two superpowers. Trump has previously criticised the amount South Korea pays for the US forces stationed on its soil, while recent reports suggest he is considering the withdrawal of about 4,500 US troops from the country.

    Relations with Pyongyang

    Another of Lee’s pressing foreign policy issues is how to deal with the North Korean threat. Yoon’s government avoided dialogue with the North and encouraged the spread of outside information across the border.

    Over the past decade, in response to North Korea’s improved nuclear and missile capabilities, public opinion in South Korea has shifted in favour of developing an independent nuclear weapons programme.

    This is not a strategy the Lee government will pursue. The Democratic party, of which Lee is a member, has historically advocated a policy of engagement and peaceful coexistence with North Korea.

    From 1998 to 2008, and then again from 2017 to 2022, liberal governments in South Korea pursued a so-called “sunshine policy” towards the North. The goal was to reduce tension through engagement, with the ultimate goal being to create the conditions for unification.

    In his inaugural address on June 4, Lee said his government would deal with North Korean aggression with “strong deterrence” – referring to the military alliance with the US. But he also elaborated on the need to again reopen channels of communication with North Korea to deliver peace through talks and cooperation. He added: “Peace is always cheaper than war”.

    In a signal of his intent for renewed engagement with the North, Lee has nominated the former unification minister, Lee Jong-seok, as chief of the National Intelligence Service. Lee Jong-seok was the architect of South Korea’s policy towards the North between 2003 and 2008, during the presidency of Roh Moo-hyun.

    However, the geopolitical landscape has changed in recent years. In January 2024, North Korean leader Kim Jong-un declared South Korea an “enemy” nation and said the North would no longer be working toward reunification. North Korea has since then stopped any contact with the South and has ceased any economic collaboration.

    South Korea’s sunshine policy had seen the development of projects such as the Kaesong Industrial Complex, which involved South Korean businesses establishing factories in North Korea and employing North Korean workers.

    North Korea is a foreign policy issue in which the Trump administration and the Lee government may pursue similar objectives. Trump has also signalled that he is seeking to renew dialogue with North Korea, and has hinted at the possibility of future summits to discuss a nuclear agreement.

    Trump’s first term saw him become the first US president to meet with a North Korean leader while in office, though he ultimately made no progress in restraining North Korea’s nuclear programme.

    Kim is very unlikely to be responsive to efforts by either country to engage in dialogue. North Korea has forged a close partnership with Russia in recent years, which has even seen it send troops to fight against Ukraine, and no longer considers engagement with the US or South Korea necessary.

    It is instead banking on making significant advances in military technology. Russian assistance has reportedly already contributed to improvements in North Korea’s missile guidance systems, while Russia has also supplied North Korea with advanced air defence systems.

    The new Lee government faces a very challenging international environment. The North Korean threat is growing, the US security guarantee is weakening, and it will have to resist Trump’s attempts to draw South Korea into a regional military network to contain China. How it meets all of these challenges will become clear in the months and years ahead.

    Christoph Bluth received funding from the Korea Foundation and the Academy of Korean Studies

    – ref. Why South Korea’s new leader may be on a collision course with Trump – https://theconversation.com/why-south-koreas-new-leader-may-be-on-a-collision-course-with-trump-258143

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: OSCE Secretary General’s presentation of the 2026 Programme Outline: UK statement

    Source: United Kingdom – Executive Government & Departments

    Speech

    OSCE Secretary General’s presentation of the 2026 Programme Outline: UK statement

    Ambassador Holland thanks Secretary General Sinirlioğlu for his presentation of the 2026 Programme Outline and reiterates the UK’s strong support for agreement of a 2025 and 2026 Unified Budget.

    Thank you, Secretary General, for your presentation this afternoon. Let me also thank the Fund Managers and teams responsible for developing the 2026 Programme Outline, which clearly sets out both the challenges facing the OSCE and the continued importance of this organisation’s work.

    The United Kingdom is fully aware that the wider context for the OSCE’s work in 2026 will remain extremely challenging. A foremost priority of the organisation must be to continue to support Ukraine and to address the impacts of Russia’s war of aggression, which has violated the fundamental principles of both the OSCE and the United Nations.  When Russia finally agrees to stop the fighting, we must be ready to pivot and contribute to Ukraine’s sustainable recovery and a just and lasting peace in Ukraine and across the region.

    In this context the UK appreciates that agreeing a Unified Budget for 2026 will not be an easy task. We deeply regret that participating States have been unable to agree a budget for this organisation since 2021, and we recognise that an extended period without a Unified Budget or Post Table has impacted the organisation’s ability to respond flexibly to emerging requirements. We sincerely appreciate the efforts of all OSCE staff and structures in delivering against their mandates under the most difficult of circumstances. It is vital that we – as participating States – engage constructively to find solutions to ensure the OSCE is adequately resourced and able to function effectively.

    Secretary General, we will provide further comments on the detail of the Programme Outline during the PrepComm sessions and through future discussions on the 2026 Unified Budget Proposal. But I would like to reiterate the UK’s fundamental position that we support all parts of this organisation being adequately funded, and we are ready to engage constructively with proposals which would put the OSCE on a more sustainable financial footing which takes account of global financial realities. As set out in the Programme Outline summary, it is important that the organisation’s core activity can be delivered through the Unified Budget to ensure sustainability and predictability.

    Mr Chair, I would like to reiterate that the UK will remain strongly committed to supporting a positive outcome on OSCE finances. I encourage all colleagues to see the bigger picture at a difficult time for the organisation. I wish Switzerland well in developing the incoming Chair’s perception paper, and thank Finland for guiding participating States through the process this year. We strongly encourage all participating States to work constructively towards the agreement of both a 2025 and 2026 Unified Budget.

    Thank you, Mr Chair.

    Updates to this page

    Published 5 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Police continue to investigate a house fire in Brent which killed four people

    Source: United Kingdom London Metropolitan Police

    Police are continuing to investigate a house fire in Brent in which four people died.

    Met officers were called to assist the London Fire Brigade at the fire in Tillett Close, Stonebridge at 01:22hrs on Saturday, 24 May.

    Sadly, a woman and her three children died at the scene.

    Detectives have named them as Nusrat Usman, 43, Maryam Mikaiel, 15, Musa Usman, 8, and Raees Usman, 4.

    A woman in her 70s was taken to hospital but has since been released. A 13-year-old girl remains in hospital in a critical but now stable condition.

    Superintendent Steve Allen, from the Met’s local policing team in north-west London, said:

    “Our thoughts go out to all those impacted by what has happened.

    “Specialist officers are continuing to support the wider family who have asked for privacy at this deeply upsetting time.

    “Local officers are working closely with officers from the Specialist Crime Command on what continues to be a very complex investigation.

    “I’d like to thank the members of public, our first responding officers and colleagues from other emergency services for their efforts during this highly pressurised and distressing incident.

    “Equally, we appreciate this has affected the wider community who have been extremely supportive. You will continue to see extra officers in the area while the investigation progresses.

    “This is a complex investigation but it’s moving at pace, and we are working closely with partner agencies.

    “We are grateful for your patience and understanding. If you have any concerns then please speak to them.”

    A 41-year-old man was arrested at the scene in connection with the incident. He has since been bailed and was subsequently detained under the Mental Health Act.

    Anyone with information that could assist our investigation is asked to call 101 giving the reference 509/24MAY.

    Information can also be shared anonymously, with the independent charity Crimestoppers, by calling 0800 555 111.

    MIL Security OSI –

  • MIL-OSI Global: Trump’s travel ban casts shadow over the upcoming Fifa Club World Cup and other US-hosted sporting events

    Source: The Conversation – UK – By Eric Storm, Senior Lecturer in General History, Leiden University

    Donald Trump’s controversial announcement of a travel ban on people from 12 countries visiting the US, immediately sparked questions about the implications for the upcoming Fifa Club World Cup and next year’s men’s football World Cup, both hosted in the US, as well as the 2028 Olympics in Los Angeles.

    The Fifa Club World Cup starts on June 15 and is hosted at venues across the US including at stadiums in Miami, Los Angeles and New York. Teams will travel from across the world to the US for the tournament.

    The travel ban will start on June 9, just before the major tournament, which features some of the biggest football clubs in the world, will start.

    While the announcement says athletes competing will be exempt from the ban, it is not obvious that this will extend to fans. And further restrictions on who can enter the country may add to the fear many travellers are feeling of being stopped at the US border.

    The announcement states that “any athlete or member of an athletic team, including coaches, persons performing a necessary support role, and immediate relatives travelling for the World Cup, the Olympics, or other major sporting events as defined by the Secretary of State” will be exempted from the ban. There’s not yet a list of which sporting events will be included in the exemption, or clarification of how the phrase “support role” may be interpreted.

    Some teams that have qualified for the Club World Cup have players from countries listed in the travel ban, and Iran, which is listed, has already qualified for the 2026 World Cup. The countries listed in the travel ban are: Afghanistan, Myanmar, Chad, Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. Nationals from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela may also face some restrictions.

    President Trump announces a travel ban on 12 countries.

    The US relationship with both of its co-hosts (Mexico and Canada) for the world cup in 2026 is already rather tense, because of the current geopolitics, rhetoric and US tariffs. There’s already been a significant downturn in Canadian travel to the US, and a boycott of US products, after Trump’s assertions that he could take over his northern neighbour. This has also resulted in some tension at sports matches.

    The rivalry against US teams is likely to be more intense than normal. And it’s possible that many foreign fans could take out their frustration with Trump on US sportspeople. The president, who chairs the taskforce for the 2026 footballing event, could take that personally. And hostilities between rival groups of fans might escalate during the event.

    In the current polarised atmosphere some artists may not want to participate in the opening ceremony, unless they are aligned with Trump’s politics.

    Historical sporting conflicts

    Historically, political tension has had some impact on international sporting events, and affected how they were carried out. During the cold war, 60 countries, including the US, boycotted the Moscow Olympic Games of 1980 in protest against the recent Soviet invasion of Afghanistan. Four years later, 15 countries from the Soviet orbit responded by boycotting the Los Angeles games in 1984.

    After the fall of the Berlin wall in 1989 brought an end to the cold war, international relations generally became more relaxed and this was also reflected in major sport events. Fifa sought to reconcile Japan and South Korea, who had a difficult shared history of colonisation and war-time exploitation, by pressuring them to host the 2002 World Cup together.

    The tournament became a great success, patching up relations between the two countries. Both national teams performed better than anticipated, leading to outbursts of feelgood patriotism. This was unprecedented for Japan, burdened by the memory of the second world war.

    Four years later, the world cup was held in a recently reunited Germany. Fans from around the world, dressed up in their national colours, were welcomed in the host cities. The German public threw off its generally restrained attitude – and celebrated by waving the national flag with enthusiasm. It was felt to be a symbol of a new positive phase of a reunified Germany.

    Since the reelection of Trump, the United States has signalled it is reviewing its support for many international organisations, and is largely disregarding traditional avenues for soft power, (influence through cultural means such as film, art or foreign aid). Trump has also shocked Nato partners by suggesting that the US may not be willing to defend them.

    In the shadow of these international events and the growing geopolitical tensions, the upcoming football world cups may find their atmosphere somewhat dampened.

    Eric Storm 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. Trump’s travel ban casts shadow over the upcoming Fifa Club World Cup and other US-hosted sporting events – https://theconversation.com/trumps-travel-ban-casts-shadow-over-the-upcoming-fifa-club-world-cup-and-other-us-hosted-sporting-events-253496

    MIL OSI – Global Reports –

  • MIL-OSI USA: Welch, Murkowski Introduce Bipartisan Resolution Celebrating U.S.-Denmark Relationship in Honor of Danish Constitution Day

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    Bipartisan resolution recognizes decades of deep and enduring friendship between Denmark and the United States
    WASHINGTON, D.C. — U.S. Senators Peter Welch and Lisa Murkowski (R-Alaska) today introduced a bipartisan resolution commemorating Danish Constitution Day and recognizing the importance of the U.S.-Demark partnership. The Senators’ resolution also recognizes the deep commitment of the Danish government and people to friendship and cooperation with the U.S. and expresses gratitude for the sacrifices of Danish heroes in securing the shared interests of both countries. 
    Denmark and the United States have enjoyed peaceful, mutually beneficial relations since establishing diplomatic relations in 1801—characterized by robust trade relations and cooperation on military and intelligence matters. The United States is Denmark’s largest trading partner outside of the European Union, accounting for about 10% of Denmark’s total trade in goods.  
    “This resolution shows the American people and the Danish people that we value our friendship. Denmark is one of our most reliable allies—we’re proud to congratulate our friends on Constitution Day and reaffirm our commitment to friendship and respect,” said Senators Welch and Murkowski. “We look forward to strengthening the prosperous relationship between our two countries and to many more decades of shared peace and cooperation.” 
    Read and download the full text of the resolution. 

    MIL OSI USA News –

  • MIL-OSI Europe: Navigating Global Challenges: What’s in it for Europe? | ICMA Annual General Meeting & Conference

    Source: Deutsche Bundesbank in English

    Check against delivery.

    1. Introduction
    Ladies and gentlemen.
    I don’t know what your early morning routine looks like, but mine has changed significantly. Every morning when I get up, the first thing I do is to check the news for developments that I would not have expected even some months ago. Global uncertainty and tectonic shifts are everywhere.
    Today, I would like to take a closer look at what this means for Europe. More specifically: how can Europe make the most of the current circumstances, where many international investors look for new investment opportunities? 
    2. Global threats: Weak growth and high debt
    Let me recap some of the challenges our world is facing. 
    First, the global economy is experiencing a longer period of relatively weak growth. The reasons for this are manifold:

    Growing trade barriers,

    overcapacity in China and
    concentration risks along the supply chain.

    All these factors are becoming a more pressing issue. Trade barriers, such as tariffs and export restrictions, fragment international markets and reduce the efficiency of global trade. Overcapacity in China in key industries can lead to further price pressure, especially in Europe. Concentration in either critical industries like the chip industry or commodities, such as rare earths, can create economic dependencies.
    Besides significant headwinds resulting from geopolitical tensions, we have country-specific challenges. These include:

    Demographic change, causing a shortage of skilled workers.
    Small and medium-sized companies not using the full potential of digitalisation.
    Slow administration and high degree of bureaucracy.

    These factors matter, especially in Europe. 
    And in addition to all this, we are facing broader challenges that you all are aware of. A short list: climate change, degradation of nature and the effects of artificial intelligence (AI) on our economies.
    We also need to talk about rising global debt. Fiscal deficits and public debt-to-GDP ratios have grown significantly in emerging markets and developing economies (EMDE). In 2025, even in advanced economies the debt-to-GDP ratio has reached an average level of 110 %.[1]
    High debt is a significant risk for financial stability. High debt also limits governments’ room for manoeuvre.
    3. Uncertainty causes high volatility in financial markets
    At the same time we face significant uncertainty that is evident in the high volatility on financial markets. This year alone, volatility indicators in many market segments spiked at various occasions:
    In early March, when the new German government presented its fiscal plans. In April, markets reacted strongly to the announcement of “reciprocal” tariffs by the US administration. Recently, we have seen rising yields in many countries, particularly at the long end of the yield curve.
    In part this increase in rates can be seen as a normalisation, as central banks are slowly withdrawing from bond markets. But rising term premia may also reflect heightened awareness of fiscal sustainability with regard to a number of countries, including the US. 
    This shows that: Fiscal leeway is not infinite. This is what even leading government bond markets are telling us. 
    In such an environment, market participants have to deal with remarkable changes. Probably the most prominent one involves rising US Treasury yields, which normally go hand in hand with a rising US dollar. Recently, however, this correlation has been reversed. 
    Potential vulnerabilities also originate from non-bank financial institutions (NBFIs). We saw high margin calls affecting hedge funds, to mention just one example. We have to keep a close eye on NBFIs, not least since they control roughly 50 % of global financial assets.[2]
    Bottom line: In recent months we have experienced significant volatility in financial markets. The good news: Financial markets remained quite resilient, despite this high volatility. But with all these uncertainties and rising debt levels also in advanced economies it is clear: We are not out of the woods. 
    4. Europe has benefited so far
    Europe, in particular, has been holding up relatively well amid this uncertainty and volatility. The euro has appreciated against the US dollar and against the currencies of other major trading partners. European equity markets have been outperforming their peers in other regions. German government bonds have served as a stability anchor and a safe haven, especially amid the uncertainty around tariffs. 
    Looking at government bond spreads in Europe, there were no signs of fragmentation even in times of market stress. We are seeing more and more non-European entities issuing bonds in euro instead of US dollar. Finally, the German government’s fiscal package was well received. The biggest part of the rise in Bund yields following news about the spending plans reflected an improved medium-term growth outlook. 
    So, that’s the good news, but let’s also be honest: Part of the market reaction towards Europe is due to positive expectations about future outcomes. It seems that to some extent we are being praised for reforms we have yet to implement. 
    Beyond that, the strength that Germany and Europe have shown is more relative in nature, so far. In other words, we have also benefited from higher uncertainty in other parts of the world. 
    But it is also true that many investors are discovering Europe to be a safe haven. It is a place where democracy, the rule of law and the principle of checks and balances are part of the DNA.
    5. How can Europe benefit in the future?
    Against this backdrop, how can Germany and Europe preserve and build on these positive developments? Or, put differently, how can we ensure that the current tailwind does not become a lukewarm breeze?
    First, we have to make sure that democracy, rule of law and the principle of checks and balances remain the backbone of Europe. 
    Second, any fiscal space needs to be used in a smart way, fostering growth. This means that financial resources must be channelled into productive investments. 
    Third, growth requires not only smart support from the government. The biggest effort must come from the corporate sector itself.
    European companies have to become more competitive to keep pace with global dynamics. This includes making advances in digitalisation and AI, as well as driving innovation in disruptive technologies and areas. 
    Companies have to stay alert and agile. They have to adapt to the speed of key developments and remain open to change. For that, they need to recruit skilled people.
    To get skilled people, Europe must ensure a well-functioning education system, including good universities. We must secure that everyone has access to educational institutions. 
    That leads me to my last point: We need a social system that ensures social cohesion. At the same time, a social system has to be balanced to provide incentives for work and to avoid overburdening fiscal capacities.
    I could go on listing all the areas where Europe needs to improve. But let me come to an end.
    6. Conclusion
    Ladies and gentlemen.
    The momentum is now on Europe’s side, but it will not be endless. Europe needs to speed up. The public and private sector both need to accelerate and intensify their efforts to ensure their economies remain globally competitive. That’s what investors expect. 
    A major cornerstone of Europe’s promise as a safe haven lies in its democracy, its rule of law and its system of checks and balances. These are some of Europe’s greatest treasures. 
    Being a passionate European, I will do my best to safeguard these treasures. In my case, by stressing the value of central bank independence.
    Footnotes

    International Monetary Fund (2025): World Economic Outlook, 14 April 2025.
    Financial Stability Board (2024): Global Monitoring Report on Non-Bank Financial Intermediation, 16 December 2024.

    MIL OSI

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: New Conditions Imposed on Operator Following Noise Complaints

    Source: United Kingdom – Executive Government & Departments

    Press release

    New Conditions Imposed on Operator Following Noise Complaints

    Following a public inquiry, the Traffic Commissioner Miles Dorrington has imposed new conditions on the restricted operator’s license of Peter Youings & Partners in response to persistent noise complaints from residents.

    The inquiry, held on March 26, 2025, at the Law Courts in Barnstaple, addressed concerns regarding disruptive noise levels emanating from the operator’s Barbican Close operating centre, particularly during early morning hours.

    Commissioner Dorrington had asked the Driver and Vehicle Standards Agency (DVSA) to undertake an analysis of the data contained in the vehicle units from the operator’s regulated vehicles to reveal the times that those vehicles first moved each day. This review determined that vehicle movements, frequently occurring before 5:30 am, created unacceptable environmental conditions for nearby residents. It was discovered that 65.2% of the time (419 instances out of 642) vehicles started being driven before 5.30am, including 105 before 4.30am.

    Mr Dorrington said “Is it acceptable to regularly wake someone from their sleep before 5.30am? No. Could it be reasonably expected for Mr Pickard or Mr Harvey to change their sleeping patterns so that to get enough continuous sleep at night they would have to fall asleep earlier than 9.30pm? No. Could it be reasonably expected for Mr Pickard or Mr Harvey to install soundproofing to the land that they own or occupy to sufficiently mitigate the noise that I have found is waking them up on a regular basis? Again no.”

    Mr Dorrington decided that vehicles were being started and then first moved so early because “the operator wanted its cake and to eat it too. Over time the operator has taken on more and more work that is further and further away from its operating centre. For example, customers as far away as Merthyr Tydfil and Bournemouth. That has resulted in the operator’s vehicles having to leave earlier and earlier to make the return trip that same day.

    “However, there comes a time when the business wants of the operator reach a point where they pose an unreasonable environmental interference upon the owners or occupiers of land in the vicinity of its operating centre.”

    To mitigate the disturbance and ensure the well-being of the community, a new condition has been added to the operator’s license. This condition strictly regulates the hours of vehicle activity at the operating centre:

    • Monday to Friday: No vehicle activity before 0530 hours and after 2200 hours.
    • Saturdays: No vehicle activity before 0800 hours and after 1800 hours.
    • Sundays: No operation allowed, except in documented emergencies.

    The renewal of Peter Youings & Partners’ operator’s license is now contingent upon strict adherence to these newly imposed conditions.

    The full written decision can be found here.

    For any further details or enquiries, please contact: pressoffice@otc.gov.uk

    Updates to this page

    Published 5 June 2025

    MIL OSI United Kingdom –