NewzIntel.com

Category: European Union

  • MIL-OSI China: Xi says China hopes Germany will provide fair, transparent and non-discriminatory business environment for Chinese enterprises

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

    Xi says China hopes Germany will provide fair, transparent and non-discriminatory business environment for Chinese enterprises

    BEIJING, May 23 — Chinese President Xi Jinping on Friday said that China hopes Germany will provide fair, transparent and non-discriminatory business environment for Chinese enterprises, and called on China and EU to send a positive signal of safeguarding multilateralism and free trade, and deepening open and mutually beneficial cooperation.

    Xi made the remarks during his phone call with German Chancellor Friedrich Merz.

    MIL OSI China News –

  • MIL-OSI China: Xi says sound, stable China-Germany relationship serves both countries’ interest, meets expectations of various sectors in China, Europe

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

    Xi says sound, stable China-Germany relationship serves both countries’ interest, meets expectations of various sectors in China, Europe

    BEIJING, May 23 — Chinese President Xi Jinping said on Friday that a sound and stable China-Germany relationship serves both countries’ interest, and meets the expectations of various sectors in China and Europe.

    The two countries should expand cooperation in cutting-edge fields such as artificial intelligence and quantum technology, Xi said during his phone conversation with German Chancellor Friedrich Merz.

    MIL OSI China News –

  • MIL-OSI Europe: EUROPE/ITALY – Father Mandonico, of the Society of African Missions: “The missionary Pope reminds us of the need not to close ourselves in our fortresses”

    Source: Agenzia Fides – MIL OSI

    Friday, 23 May 2025

    SMA

    Rome (Agenzia Fides) – “One particular trait stands out about the missionary Robert Francis Prevost, OSA, who became Pope Leo XIV. Those who knew him closely do not have any striking gestures to share, but they reiterate one quality: he is a man who knows how to listen.” This is what Father Andrea Mandonico, general archivist of the Society of African Missions, says when sharing his testimony about the figure of the new Pontiff, which he sees as “a particular challenge.”“For a missionary to become Pope is an unprecedented experience for the Catholic Church. Pope Leo is not the missionary who has experienced the most heroic adventures, he is not the one who has raised his voice the most, he is not the one who has built the most schools or dispensaries,” Father Mandonico notes. “Rather, he left his mark by opening his heart and mind to those he met.” Because truly, as he said in the first Mass with the cardinals in the Sistine Chapel, even those in authority “disappear so that Christ may remain.”The College of Cardinals, in electing Leo XIV, was fully aware that it was entrusting the Petrine ministry to a missionary.“We must seek together how to be a missionary Church, a Church that builds bridges, in dialogue, always open to receiving, like this square with open arms,” Father Andrea recalls, evoking the words of Pope Leo XIV in his first message from the central loggia of St. Peter’s Basilica. The Pontiff had invited each person to become a “bridge” of God’s love for all.“The missionary Pope is a particular challenge for us missionaries,” the archivist insists. “And in our Italy, perhaps, it is even more so today than in other regions of the world.” According to Father Mandonico, the figure of the new Pope recalls the urgency of the mission, precisely at a time when it might seem that “leaving for distant lands is a vocation already outdated.” His witness challenges all Christians “not to close themselves up in a fortress,” but to keep their gaze on the people, “ad gentes,” and to open their communities “to the breath of the world.” “Today he is Peter. And we too, missionaries in Italy and in every corner of the world, want to start again from here,” he concludes. (AP) (Agenzia Fides, 23/5/2025)
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    MIL OSI Europe News –

  • MIL-OSI Security: INTERPOL convenes South American police chiefs in Brasilia to discuss organized crime threats

    Source: Interpol (news and events)

    23 May 2025

    The officials discussed intensifying cooperation to combat the continent’s most powerful organized crime groups.

    LYON, France: Senior police leaders from eleven South American countries met in Brasilia on Thursday to address the growing threat posed by transnational organized crime groups.

    The fourth INTERPOL Chiefs of Police meeting for South America allowed the officials to share insights into their respective efforts against organized crime and contribute to a regional plan to combat specific crime groups.

    In his remarks to the police leaders, INTERPOL Secretary General Valdecy Urquiza said:

    “Criminal groups from South America are continually expanding their reach throughout and beyond the region, where one in every three INTERPOL Notices is related to organized crime.

    “This meeting offers a dedicated space to reinforce regional police cooperation and fight organized crime effectively on a global scale.”

    Representatives at the meeting will include seven police chiefs and four deputy police chiefs from the eleven countries.

    The first INTERPOL Chiefs of Police meeting for South America took place in 2018 to strengthen ties between law enforcement within the region and to foster greater information-sharing.

    South American police records shared through INTERPOL have since doubled and countries in the region have played leading roles in recent INTERPOL initiatives targeting organized crime, such as INTERPOL cooperation against the ‘Ndrangheta (I-CAN) and the Silver Notice pilot.

    INTERPOL’s Regional Bureau in Buenos Aires, Argentina helps coordinate operational work in the region, tackling crimes such as child sexual abuse, corruption, cybercrime, human trafficking, money laundering and terrorism.

    Police leaders from the following countries participated in the fourth INTERPOL Chiefs of Police meeting: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Uruguay, and Venezuela.

    MIL Security OSI –

  • MIL-OSI Global: US solar manufacturers lag skyrocketing market demand

    Source: The Conversation – USA – By Mojtaba Akhavan-Tafti, Associate Research Scientist, University of Michigan

    Americans continue to want solar energy. AP Photo/Sue Ogrocki

    U.S. consumer demand for renewable energy continues to grow, with more solar panel capacity installed in 2024 than in 2023, which saw more than in 2022. But U.S. trade policy is in flux, and high tariffs have been imposed on imported solar panels, which may cause shortages.

    I am a scholar who studies the Sun, as well as an entrepreneur who is working to harness its power here on Earth by creating new designs for generating solar electricity. As part of that effort, I’ve studied market trends and manufacturing capabilities in the U.S. and abroad. Right now, U.S. manufacturers do not produce enough solar panels to meet the nation’s demand, but industry investments and federal tax incentives have been making progress, though recent federal moves have created uncertainty.

    In 2024, U.S. installers put up enough solar panels to generate 50 gigawatts of electricity – enough to power New York City for a year.

    U.S. manufacturers made only a small fraction of that – 4.2 GW of solar modules in the first half of 2024. That was a big boost, though – a 75% increase compared with the same period in 2023. And the prices were roughly three times the cost of imports.

    A look at recent imports

    In 2024, the U.S. imported far more panels than the country needed, suggesting developers may be stockpiling panels for future projects.

    Most of those imported panels were made in Asia, particularly Malaysia, Vietnam and Thailand. In fact, nearly all of the U.S.-made panels used at least some components from overseas. China currently makes about 97% of the world’s supply of photovoltaic wafers, which are building blocks of solar panels.

    The effects of proposed U.S. trade policies on the solar industry remain unclear. Through 2024, manufacturing continued a yearslong ramp-up to take advantage of government policies favoring domestic manufacturing. And imported panels seem slated to suffer from ever-increasing tariffs, which drive up costs.

    Domestic production rises

    Since 2010, U.S. solar panel production has increased about eightfold. But U.S.-made panels are more expensive than imported alternatives. In 2024, U.S.-made panels typically cost 31 cents per watt, but imported panels, even including tariffs that existed before President Donald Trump’s second term, cost about one-third of that: 11 cents per watt.

    But domestic manufacturers are bringing costs down by ramping up production while relying on the government to maintain or increase tariffs on imports, which may make U.S. panels more competitive domestically in the future.

    Reliance on overseas sources

    Despite that increase in domestic production, U.S. demand for solar panels has grown even faster. To meet demand, the U.S. imports a substantial portion of its solar photovoltaic modules.

    Tariffs, including a 30% tariff on solar cells and solar panels starting in 2018, aimed to boost domestic manufacturing.

    But those tariffs and falling global prices made solar installations more costly in the U.S. than in the rest of the world. The average global cost of installed solar systems dropped from $1.15 per watt in 2012 to $0.72 per watt in 2016, nearly half that of U.S. installations.

    The 2018 tariffs, as well as earlier rounds in 2012 and 2014, have shifted the source of U.S. imports of solar panels – from China and Taiwan to Malaysia and South Korea. Manufacturers are also building solar panels in Singapore and Germany to maintain access to the U.S. market. And Chinese companies are even investing in U.S. solar manufacturers to take advantage of federal incentives and avoid tariffs.

    New tariffs emerge

    Trump’s proposal for new tariffs on foreign-made solar goods, including panels and components, particularly target Chinese-owned companies in Southeast Asia.

    They could include a potential 375% tariff on Thai products – nearly quadrupling prices – and a 3,500% tariff on products from Cambodia.

    In contrast, U.S.-made solar panels will be cheaper. But a reduced supply of solar panels will raise prices even of domestic-made panels, at least until U.S. manufacturing can catch up with the demand. Some developers have begun to delay or cancel solar installations to address rising costs.

    Domestic investment

    Due in large part to the Biden administration’s Inflation Reduction Act, enacted in 2022, the U.S. solar panel industry has seen significant investments.

    Since the law’s enactment, more than 95 GW of manufacturing capability have been added across the solar supply chain in the U.S., including new facilities that in a year can construct enough solar panels to produce nearly 42 GW, beyond existing manufacturing levels. This growth in manufacturing capabilities is largely located in Texas and Georgia.

    Still, the new administration’s shifting priorities and trade policies make the landscape uncertain. Before Trump began discussing various solar-related trade policies, the industry projected it would install an average of 45 GW of solar panels every year for the next decade.

    Mojtaba Akhavan-Tafti owns shares in APT Solar Solutions Inc. in Ann Arbor, Michigan. He receives funding from public and private organizations to develop and commercialize three-dimensional solar modules.

    – ref. US solar manufacturers lag skyrocketing market demand – https://theconversation.com/us-solar-manufacturers-lag-skyrocketing-market-demand-256944

    MIL OSI – Global Reports –

  • MIL-OSI Global: From furry friends to fish, turning up the heat helps animals fight germs − how Mother Nature’s cure offers humans a lesson on fever

    Source: The Conversation – USA – By Phil Starks, Associate Professor of Biology, Tufts University

    Sick animals often move to warmer places to raise their body temperature. GK Hart/Vikki Hart/Stone via Getty Images

    Why do people get fevers when we get sick?

    It’s a common misconception that pathogens, such as SARS-CoV-2 or the flu, cause fevers. But as biology professors, we know it’s not that simple. Pathogens cause fevers only indirectly.

    When your immune system detects harmful microbes, your body raises its internal temperature to create a hostile environment. Turning up the heat suppresses the proliferation of invaders. In short, the fever is the body’s way of fighting back.

    Although many people don’t understand fever’s purpose, animals certainly utilize it. Even so-called “simple creatures,” such as lizards, fish and insects, use fever to recover from illness.

    The body’s response

    Suppose you catch a virus. The immune system responds by releasing molecules called pyrogens, which induce fever. They signal the brain’s hypothalamus to raise the body’s set point temperature – like adjusting a thermostat.

    Normal body temperature hovers around 98.6 degrees Fahrenheit (37 degrees Celsius), but fevers commonly increase temperatures to 100.4-104 F (38-40 C).

    When that happens, your muscles contract, causing shivers, and blood vessels constrict to retain heat. You’ll feel cold until your body reaches the new set point, often prompting you to add clothes or snuggle into blankets. When the infection subsides, pyrogens decrease and the hypothalamus resets the temperature. You sweat, your blood vessels dilate, and you cool off. You’re feeling better.

    There’s a reason why you shiver when you have a fever.
    Edwin Tan/E+ via Getty Images

    Mammals, lizards, fish and insects

    Humans are not special in this regard; all mammals are capable of generating fevers. Even without taking their temperature, you might recognize the signs in a familiar companion. When dogs have a fever, they often lose their appetite, become lethargic and may shiver − behaviors that closely resemble how people respond when they’re running a fever.

    This adaptive response to infection is widespread in nature. Even cold-blooded animals, which rely on the environment for warmth, raise their temperature behaviorally.

    Lizards move to warmer areas when sick. If they’re blocked from doing so − or given fever-reducing drugs − their survival rates drop. Zebrafish swim to warmer waters during infection; a rise of just 5.4 F (3 C) correlates with improved gene expression, stronger antiviral responses and higher survival. Naked mole rats – a social, subterranean cold-blooded mammal that looks like a hot dog with teeth – generate fevers in response to infection, despite their unusual physiology.

    Insects, too, show remarkable responses. Desert locusts elevate their body temperature when infected, doing so in a dose-dependent manner: more pathogen, higher temperature. This behavior increases their chance of survival and reproduction.

    Honeybees have a unique way of fighting a fever.
    Joannis S. Duran/Moment via Getty Images

    Honeybees are among the most sophisticated. These social insects regulate brood temperature with extraordinary precision, keeping it between 90-95 F (32-35 C). They warm the hive by contracting flight muscles and cool it by fanning wings, sometimes spreading water on the comb to induce evaporative cooling.

    If their larvae are exposed to heat-sensitive fungal spores, the colony raises the temperature − essentially giving itself a fever. The increased heat prevents spore germination and protects the next generation. Once the threat has passed, the bees restore their normal hive temperature.

    If fevers don’t wind down within 24 to 36 hours, it’s time to see a doctor.

    Treating a fever

    These examples show that evolution has favored the fever response. Yet when humans get a fever, our instinct is often to bring it down – using aspirin, removing blankets or applying cold compresses. And sometimes that’s appropriate. Adults should seek medical attention if fever exceeds 103 F (39.4 C); children at 102 F (38.9 C); and infants younger than three months at 100.4 F (38 C).

    But mild to moderate fevers often help more than they hurt. Reducing a fever too soon − via medication or environmental cooling − may interfere with the body’s natural defense, prolonging illness.

    This isn’t a new idea. Nearly a century ago, Austrian physician Julius Wagner-Jauregg pioneered an extreme method called malariotherapy: infecting syphilis patients with malaria. The high fever induced by malaria killed the syphilis-causing bacteria. Once the bacteria was eliminated, doctors treated the malaria with quinine.

    The approach was risky but effective enough to win Wagner-Jauregg the Nobel Prize in 1927. Although some patients died from the treatment, and many others relapsed, it remained in use for about two decades, until replaced by penicillin. Think of Wagner-Jauregg’s treatment like using a sledgehammer to drive a nail; it worked, though the wall didn’t always survive.

    Much remains to be discovered about how fever affects the immune response. Still, the underlying message holds: Fever fights infection.

    The fact that so many diverse creatures developed similar fever responses suggests a powerful pattern known as convergent evolution − when different species with enormously complex evolutionary histories converge on a similar solution. Despite different evolutionary paths, all these organisms faced the same challenge − infection − and arrived at the same solution: fever.

    Phil Starks received past funding from the NSF for providing research experiences for undergraduates (REU).

    Harry Bernheim had grants from the NIH in the 1980’s.

    – ref. From furry friends to fish, turning up the heat helps animals fight germs − how Mother Nature’s cure offers humans a lesson on fever – https://theconversation.com/from-furry-friends-to-fish-turning-up-the-heat-helps-animals-fight-germs-how-mother-natures-cure-offers-humans-a-lesson-on-fever-229078

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: A Reset Relationship and New Opportunities for Northern Ireland

    Source: United Kingdom – Executive Government & Departments

    Press release

    A Reset Relationship and New Opportunities for Northern Ireland

    Secretary of State Hilary Benn MP underlines the benefits for Northern Ireland of recent trade deals, and a new intended partnership agreement with the European Union.

    Secretary of State for Northern Ireland, Hilary Benn.

    It has been a momentous month – both for Northern Ireland and for the entire United Kingdom. First came the Government’s trade deals with India and the USA which will open up new opportunities for Northern Ireland exporters. 

    Next, on Monday, the UK played host to the first-ever UK-EU summit at Lancaster House in London as we set out to build a new partnership with the European Union. In recent years, our relationship with the EU has – at times – been strained, but in an era in which global instability is rising, it makes sense to build stronger ties with our European friends and neighbours.

    And then, on Thursday, we marked the anniversary of the referenda on the 1998 Good Friday Agreement held in Northern Ireland and Ireland. By voting ‘yes’, the people chose and secured a chance for peace in Northern Ireland; a peace which has lasted in the almost three decades since and helped pave the way for Northern Ireland’s transformation. It was an agreement which remains to this day proof of the power of courageous political leadership, and people’s willingness to compromise in hope of a better future.

    The agreement with the European Union will help to create growth and lower household bills across the UK as a whole. 

    It is a particularly good deal for Northern Ireland. Our economy is already vibrant – think of our aerospace, life sciences, manufacturing, and film and television industries – and this agreement will further help Northern Ireland which experienced stronger growth than the United Kingdom as a whole last year. Peace has delivered real economic benefits.

    Of particular significance will be the deal we reached on agrifood and plants, which will smooth flows of trade, ease the frictions for businesses and protect the UK internal market. Applying the same rules across the UK will give businesses greater certainty, and mean we can eliminate paperwork and mandatory identity and physical checks on goods moving under these arrangements. 

    All of this will save up to £1 million a month for those firms using the ‘red lane’ and we’ll see a real difference in garden centres, with bans on so-called ‘high risk’ plants being eliminated – a commitment made in Safeguarding the Union – and plants being able to move within the UK without barriers. 

    This deal will also maintain Northern Ireland’s unique access to both the UK and EU markets and the advantages that the Windsor Framework offers to businesses and the economy. So, it’s no surprise that businesses have welcomed it. The Ulster Farmers Union called it ‘a major step forward for Northern Ireland’s agri-food industry’. The Horticultural Trades Association have said that their sector will save millions. And big name retailers such as Asda and M&S have praised the removal of frictions too. The message is clear from business – this is good news for Northern Ireland and good news for you.

    The other outcomes of Monday’s summit are also good for Northern Ireland. Our new security and defence partnership with the EU will support our national security and the aerospace, defence and space industry which is already home to more than 9,000 jobs in Northern Ireland. Our closer law enforcement relationship with the EU will help prevent crime. Closer cooperation on decarbonisation and energy will lower prices and make our country greener and more resilient. And it’ll become easier to travel to mainland Europe through e-Gates. 

    Northern Ireland’s prosperity is intrinsically linked to its strong relationship with the rest of the UK, and it can only benefit further from our new partnership with the EU. The steps we are taking will bring practical benefits, and Monday’s summit makes me even more confident that Northern Ireland’s economy will continue to flourish as a thriving and growing part of the UK.

    This article also featured in the Belfast Telegraph.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: AI experiments see “Humphrey” help townhalls cut costs and improve services

    Source: United Kingdom – Government Statements

    Press release

    AI experiments see “Humphrey” help townhalls cut costs and improve services

    AI experts are experimenting to build new AI within “Humphrey” to help speed up admin in areas like planning and social care, as 25 councils trial new AI tech from Whitehall.

    • AI experts are experimenting to build new AI within “Humphrey” to help speed up admin in areas like planning and social care, as 25 councils trial new AI tech from Whitehall.
    • Early research on the tech shows officials are saved from 60-minutes of admin for each hour-long meeting, saving staff from what half say is the worst thing about their job.
    • Comes as “Humphrey” is taking notes in the Prime Minister’s Council of Nations and Regions meeting taking place today, with talks covering recent trade deals and how AI can improve public services.

    Local councils across the country are trialling a new AI tool called ‘Minute’ – part of the “Humphrey” suite being rolled out across Whitehall – to cut burdensome admin tasks to improve services for citizens as part of the UK government’s Plan for Change.

    It comes as the Prime Minister brings together Heads of the devolved governments and elected English Mayors today at the Council of the Nations and Regions for talks on recent trade deals, as well as how AI can improve public services and maximise the technology’s benefits for people across UK. ‘Minute’ has been used to take notes in the meeting, marking the first time AI has been used in a meeting chaired by a UK Prime Minister.

    25 local councils are currently taking part in the early-stage trial of ‘Minute’ to speed up note taking across the services they provide, including West Berkshire Council and Stockton-on-Tees Borough Council. This includes streamlining burdensome admin tasks in the planning process to help hit the government’s target of building 1.5 million homes by 2030.

    This could help speed up actions after planning meetings, allowing officers to focus on the task at hand, rather than paperwork, and make informed decisions to get homes built. This will support approvals, so bricks can be laid and homes built faster.

    The tool also helps take detailed notes in meetings between social care workers and their supervisors, allowing workers to focus on offering more support instead of being bogged down by bureaucracy.

    The trial comes as alongside a push from government to help local councils use technology to improve the dozens of essential services they are responsible for delivering to local residents – from planning approvals to housing, pest control and parking permits. It includes a new AI Knowledge Hub published today, sharing exciting examples of how local councils are using technology so others can learn from them – such as an AI assistant that speeds up the reporting of fly-tipping and graffiti in central London.

    ‘Minute’ is part of ‘Humphrey’, the package of AI tools built to help civil servants deliver for ministers and the public more effectively. It uses generative AI to turn meetings into notes and adds unique tools to help tweak and correct summaries more efficiently. Early tests of the technology in central government showed that officials were saved, on average, from one hour of admin per one hour meeting, with nearly half of them saying note-taking is the least enjoyable part of their job.

    In the pilot, the tool helps local councils automate requirements for note taking and record keeping so officials can focus on helping residents more quickly.

    The trial announced today follows the Prime Minister setting out that he will “push forward with the digitisation of government services” to find £45 billion worth of productivity savings to make the state more productive and agile and deliver the Plan for Change.

    AI and Digital Government Minister Feryal Clark said:

    From parking permits and planning permission, local councils handle some of the services that impact our daily lives most. For too long, they have been left to fend for themselves when keeping up with rapid innovations in AI and digital technology – when we know it has huge potential to help solve many of the challenges they face.

    That’s why “Humphrey”, a suite of exciting AI tools built in my department, is being sent to townhalls to help them fast track planning decisions, build 1.5 million homes and take meeting notes more quickly. This is just the first step as we are also going to work with local councils to help them buy and build the technology they need to deliver our Plan for Change and support their local communities more effectively.

    Lords Minister for Housing and Local Government Baroness Taylor said:

    Local councils are on the frontline of housing delivery, and we’re backing them with cutting-edge AI technology like ‘Minute’, so officers can spend less time buried in admin and more time helping to get Britain building.

    This is alongside our landmark reforms to deliver 1.5 million homes, including the Planning and Infrastructure Bill, which will get working people and families in to secure homes and boost economic growth right across the country.

    Earlier this year, the government’s State of Digital Government Review unveiled that local councils were spending £5 billion per year on technology, despite employing half the number of digital specialists they should be. The report also found that each of the 320 local authorities negotiate technology contracts with big tech companies independently – when many are buying exactly the same tools – making this spending much less effective.

    Work has also begun to look at how technology built by the UK government, like the upcoming GOV.UK App which will give people access to public services on their phones, can help councils save money while delivering a better, more consistent service for citizens. It will also aim to improve data sharing between councils and other public bodies, as well as helping councils negotiate contracts together and share best practices.

    It comes alongside a new AI Knowledge Hub being published, sharing practical examples of how AI is being used in government and across local councils so other organisations across the UK can take their work forward. The publication of the website delivers against a recommendation made in the AI Opportunities Action Plan, aiming to help the public sector adopt AI more quickly and effectively.

    Other areas set to be discussed today include how by working with devolved governments and mayors the UK can ensure it has the infrastructure and capability needed to power AI, and ways to facilitate better data sharing.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Breaking: Xi Jinping hopes Germany will provide fair, transparent and non-discriminatory business environment for Chinese businesses

    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, May 23 (Xinhua) — Chinese President Xi Jinping on Friday expressed hope that Germany will provide a fair, transparent and non-discriminatory business environment for Chinese businesses, and called on China and the EU to send a positive signal of upholding multilateralism and free trade and deepening open and win-win cooperation.

    These words were spoken during a telephone conversation between Xi Jinping and German Chancellor Friedrich Merz. –0–

    MIL OSI Russia News –

  • MIL-OSI Global: West Nile virus found in the UK for the first time – what you need to know

    Source: The Conversation – UK – By Paul Hunter, Professor of Medicine, University of East Anglia

    Kwangmoozaa/Shutterstock.com

    For the first time, traces of the West Nile virus have been found in mosquitoes in the UK, according to a report published this week by the UK Health Security Agency.

    Here’s what you need to know about the virus and the disease it causes.

    What is West Nile virus?

    West Nile virus is a mosquito-borne virus first identified in Uganda in 1937. It belongs to the same viral family as dengue and yellow fever. The virus is most commonly transmitted by Culex mosquitoes, particularly the species Culex pipiens, which mainly feeds on birds.

    Birds are the primary host for West Nile virus, and the virus spreads in a cycle from infected birds to mosquitoes and then back to birds. Occasionally, mosquitoes can transmit the virus to humans or other animals.

    Most human infections – around 80% – cause no symptoms. When symptoms do occur, they are usually mild: fever, fatigue, headaches, body aches and sometimes nausea. But in rare cases, around one in 150 infections, the virus can cause severe illness, including encephalitis (inflammation of the brain) or meningitis. Older adults, especially those over 50, are most at risk of serious complications.

    The virus cannot normally be spread from person to person, though rare cases of transmission have occurred through blood transfusions or from mother to baby during pregnancy.

    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.

    How did it get to the UK?

    Although the exact route isn’t known, experts believe the virus may have arrived in the UK via migratory birds infected elsewhere. The mosquitoes probably picked up the virus after feeding on these birds during their northward journey.

    The detection was made as part of a routine mosquito surveillance programme run by the Animal and Plant Health Agency. Mosquitoes collected from marshlands in south-east England tested positive in PCR (polymerase chain reaction) tests, which detect fragments of the virus’s genetic material.

    It’s important to note that a positive PCR test doesn’t necessarily mean the virus is infectious. After a mosquito becomes infected, the virus needs time – several days – to multiply inside the mosquito before it can be transmitted. And this process is highly temperature dependent.

    Can the virus spread in the UK?

    The UK’s relatively cool climate has, until now, helped keep mosquito-borne diseases at bay. At summer temperatures of around 15°C, it can take up to 100 days for the virus to develop inside a mosquito – longer than the insect’s lifespan. In contrast, in hotter climates (above 30°C), this process can take just a few days.

    For a local outbreak to occur, there would need to be a critical mass of infected birds and mosquitoes, with enough warm weather to sustain multiple cycles of transmission. So far, that hasn’t happened in the UK.

    But climate change could alter the equation. With rising global temperatures and longer, hotter summers, the conditions that allow viruses such as West Nile to spread may become more common in the UK.

    What’s happening elsewhere?

    West Nile virus was once limited to Africa and the Middle East but has spread significantly in recent decades. Large outbreaks have been recorded in countries including Greece, Romania, Israel, Russia and the US.

    The US outbreak began in New York City in 1999 when an unusual number of birds were found dead in a city zoo. A veterinary pathologist at the Bronx Zoo, Tracey McNamara, helped link the bird deaths to the human illnesses being reported.

    Since then, the virus has spread across most of the US, Canada and parts of South America, resulting in over 60,000 reported human cases, 28,000 hospitalisations and more than 3,000 deaths.

    In 2024, 19 European countries reported a total of 1,436 local cases, most in men over 65, with 125 deaths. Most were in Italy, Greece and Spain – countries with hot, mosquito-friendly summers.

    Outbreaks were also reported in birds and horses, which are both susceptible to the virus.

    Should UK residents be concerned?

    While the detection of West Nile virus in UK mosquitoes is noteworthy, experts emphasise that the public health risk remains very low. No human cases have been reported in the UK to date, and current summer temperatures are not yet conducive to sustained transmission.

    The greater risk for most British people probably comes from travel – particularly to southern Europe, where cases are rising.

    Travellers are advised to take standard mosquito precautions: wear light-coloured clothing, long sleeves and trousers, and use insect repellent, especially in the evening when mosquitoes are most active.

    For now, the virus is unlikely to spread widely in the UK. But as climate patterns shift, continued surveillance and public awareness will be key to staying ahead of the risk.

    Paul Hunter consults for the World Health Organization. He receives funding from National Institute for Health Research and has received funding from the World Health Organization and the European Regional Development Fund.

    – ref. West Nile virus found in the UK for the first time – what you need to know – https://theconversation.com/west-nile-virus-found-in-the-uk-for-the-first-time-what-you-need-to-know-257295

    MIL OSI – Global Reports –

  • MIL-OSI United Kingdom: Council complaint to Government over future for Tipner West

    Source: City of Portsmouth

    The Leader of Portsmouth City Council, Cllr Steve Pitt, has written a letter to the Deputy Prime Minister and Secretary of State for Housing, Communities and Local Government, Angela Rayner, to complain in the strongest possible terms about her treatment of the Council in regard to the future direction of Tipner West and Horsea Island East in the emerging Portsmouth Local Plan.

    His letter is in response to two letters from the Secretary of State.  In the first letter dated 28 February 2025, the Secretary of State gave her opinion that Imperative Reasons of Overriding Public Interest (IROPI) for limited development at Tipner West had not been proved by the Council.  This opinion was challenged by the Council in a Pre-Action Protocol letter sent on 10 March 2025 which stated that the opinion was unlawful on three grounds:

    1. The Secretary of State misdirected herself in law by applying the wrong test to circumstances where no priority habitats or species are likely to be affected.
    2. The Secretary of State failed to give adequate reasons for her opinion that each of the grounds relied on by the Council, individually and cumulatively, did not constitute IROPI.
    3. The Secretary of State’s opinion was irrational because it was based on flawed reasoning and failed to have regard to obviously material considerations.

    The second letter sent on 9 May 2025 by the Secretary of State, withdrew the IROPI opinion.  This letter states that she does not accept the premise of the first ground and does not consider that she misdirected herself in law.  However, she does agree to withdraw the IROPI opinion based on grounds 2 and 3.

    The letter confirms that the original opinion has been formally withdrawn and so cannot be subject to a judicial review.  It also states that the matter is being re-considered by the Secretary of State with the intention of providing details of how to proceed as soon as possible.

    In his letter, Cllr Pitt states that the Council wants to move forward with its Local Plan including Tipner West which works for both people and nature.

    Cllr Pitt adds :

    “We have been forced to write this letter to the Secretary of State as we cannot move forward with any proposals for Tipner West, and finalise our Local Plan, until we have clarity from the Government.

    “The longer that this goes on, means a longer wait for much needed homes and jobs for local people, along with the sea defences to protect the wider area. I would urge the Government to meet with us as soon as possible so we can settle this matter and move forward constructively”

    The Leader of Portsmouth City Council also says in his letter that the Council wants to move forward on delivering the City Deal which was made with the Government in 2013 to create the new jobs and homes required for one of the most deprived areas of the country.  He asks to meet the Secretary of State as a matter of urgency to discuss these matters

    Cllr Pitt reiterated that Portsmouth City Council continues to work closely with Natural England and the Environment Agency, alongside the RSPB and the Hampshire & Isle of Wight Wildlife Trust to find a solution for the site that works for both people and nature.

    The Portsmouth Local Plan is the statutory development plan that will guide development in the city up to 2040. This Plan allocates sites for development, sets targets for new homes and jobs. It also introduces city wide policies on design, greening and the climate emergency.

    For more information visit www.portsmouth.gov.uk/localplan 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Lifeguards set to return to Sunderland’s beaches.

    Source: City of Sunderland

    The RNLI have once again been commissioned to provide Sunderland’s beaches with a lifeguard service at Seaburn, Roker and Cat and Dog Beaches this summer.

    The lifeguard service will be in force from Saturday 24 May until Sunday 7 September every day from 10am to 6pm.

    Once again, the RNLI will be promoting their Float to Live campaign, to remind people what they should do if they find themselves in trouble in the water. The campaign encourages people who find themselves in trouble in water to tip their head back submerging their ears and float on their back. This can help calm panicked swimmers and allow them to control their breathing. Once under control, swimmers should call for help, or swim to safety.

    Councillor Beth Jones, Cabinet Member for Communities, Culture and Tourism at Sunderland City Council, said: “We are incredibly proud to have beautiful beaches in Sunderland and want our residents to enjoy them while staying safe.

    “Choosing a lifeguarded beach is always safer, and I would encourage anyone planning on swimming in the sea to visit one where lifeguards are on duty.

    “We’re delighted that the RNLI lifeguards are returning once again this year to give swimmers an extra level of safety while enjoying our beaches.”

    RNLI lifeguards have been patrolling beaches around the UK since 2001. Last year, lifeguards at Sunderland’s posts responded to 39 lifeguard incidents and aided 41 people.

    RNLI Lifeguard Supervisor, Sean Mills, said: “Following a stringent training programme our charity’s lifeguards are in peak condition and they’re really looking forward to returning to their posts. Come rain or shine we’ll be there to offer friendly safety advice such as always to swim between the red and yellow flags and information on tide times.

    “We always advise people to visit a lifeguarded beach. It’s great to see visitors enjoying the coast with the extra peace of mind of knowing that we are there should they need us.”

    Visit RNLI – Royal National Lifeboat Institution – Saving Lives at Sea for lots of useful tips and advice on how to stay safe in the water and what to do if you do get into difficulties.

    MIL OSI United Kingdom –

  • MIL-OSI: Imperial Petroleum Inc. Reports First Quarter 2025 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, May 23, 2025 (GLOBE NEWSWIRE) — IMPERIAL PETROLEUM INC. (NASDAQ: IMPP; the “Company”), a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025.

    OPERATIONAL AND FINANCIAL HIGHLIGHTS

    • Fleet operational utilization of 83.8% in Q1 25’ versus 86% in Q4 24’ and 80.6% in Q1 24’.
    • About 47% of fleet calendar days were dedicated to time charter activity while 53% to spot activity.
    • Delivery of the dry bulk carrier, Supra Pasha (2012 built) on April 26th 2025; the remaining six contracted dry bulk carriers will be delivered by June 2025.
    • Revenues of $32.1 million in Q1 25’ compared to $41.2 million in Q1 24’- a 22.1% decline as market rates were stronger during Q1 24’.
    • Net income of $11.3 million in Q1 25’ versus $16.7 million in Q1 24’, corresponding to an EPS, basic of $0.32.
    • EBITDA1 of $14.7 million for Q1 25’.
    • Revenues and net income increased by $5.9 million (or 22.5%) and $7.4 million (or 189.7%), respectively, in Q1 25’ compared to Q4 24’.
    • Cash and cash equivalents including time deposits of $227.4 million as of March 31, 2025 which is 167.5% higher than our current market capitalization of about $85 million.
    • Recurring profitability and debt free capital structure facilitate robust cash flow generation.

    First Quarter 2025 Results:

    • Revenues for the three months ended March 31, 2025 amounted to $32.1 million, a decrease of $9.1 million, or 22.1%, compared to revenues of $41.2 million for the three months ended March 31, 2024, primarily due to a decrease in the spot market tanker rates. During the three months ended March 31, 2024 average spot rates for product and suezmax tankers were 26.9% and 24.2% higher than average spot rates during the three months ended March 31, 2025.
    • Voyage expenses and vessels’ operating expenses for the three months ended March 31, 2025 were $10.5 million and $7.1 million, respectively, compared to $13.5 million and $6.0 million, respectively, for the three months ended March 31, 2024. The $3.0 million decrease in voyage expenses is mainly attributed to increased time charter activity leading to a decline in spot days by 16.1%. The decline in spot days along with the decrease in the Suez Canal transits compared to the same period of last year, led to decreased bunker consumption by 21.2% and lower port expenses by 30.8%. The $1.1 million increase in vessels’ operating expenses is primarily due to the increased size of our fleet by an average of 2.1 vessels between the two periods.
    • Drydocking costs for the three months ended March 31, 2025 and 2024 were nil and $0.6 million, respectively. This decrease is due to the fact that during the three months ended March 31, 2025, no vessel underwent drydocking whereas during the three months ended March 31, 2024 our aframax tanker commenced its drydocking which was concluded within April 2024.
    • General and administrative costs for both the three months ended March 31, 2025 and 2024 were $1.2 million.
    • Depreciation for the three months ended March 31, 2025 and 2024 was $5.0 million and $4.0 million, respectively. The change is attributable to the increase in the average number of vessels in our fleet.
    • Management fees for the three months ended March 31, 2025 and 2024 were $0.5 million and $0.4 million, respectively. The change is attributable to the increase in the average number of vessels in our fleet.
    • Interest and finance costs for the three months ended March 31, 2025 and 2024 were $0.6 million and $0.002 million, respectively. The $0.6 million of costs for the three months ended March 31, 2025 relate mainly to accrued interest expense – related party in connection with the $14.0 million and $24.0 million part of the acquisition prices of our bulk carriers, Neptulus and Clean Imperial, respectively. These balances were completely settled in April 2025. For accounting purposes, the outstanding balances payable on the two vessels were required to be allocated between principal and imputed interest, despite the fact that no interest was contractually charged by the sellers. The total amounts ultimately paid remained consistent with the originally agreed purchase prices.
    • Interest income for the three months ended March 31, 2025 was $2.2 million as compared to $1.0 million for the three months ended March 31, 2024. The $1.2 million increase is mainly attributed to a higher amount of funds placed under time deposits.
    • Interest income – related party for the three months ended March 31, 2025 was nil as compared to $0.8 million for the three months ended March 31, 2024. The decrease is mainly attributed to the $0.8 million of accrued interest income – related party for the three months ended March 31, 2024 in connection with the $38.7 million of the sale price of the Aframax tanker Afrapearl II (ex. Stealth Berana). The balance was collected in July 2024, thus the balance for the three months ended March 31, 2025 was nil.
    • Foreign exchange (loss)/gain for the three months ended March 31, 2025 was a gain of $1.7 million as compared to a loss of $0.8 million for the three months ended March 31, 2024. The $1.7 million foreign exchange gain for the three months ended March 31, 2025, is mainly attributed the strengthening of the euro currency against the dollar at the end of the three months ended March 31, 2025 when compared to the respective currency values at the end of year 2024.
    • As a result of the above, for the three months ended March 31, 2025, the Company reported net income of $11.3 million, compared to net income of $16.7 million for the three months ended March 31, 2024. Dividends paid on Series A Preferred Shares amounted to $0.4 million for the three months ended March 31, 2025. The weighted average number of shares of common stock outstanding, basic, for the three months ended March 31, 2025 was 32.9 million. Earnings per share, basic and diluted, for the three months ended March 31, 2025 amounted to $0.32 and $0.30, respectively, compared to earnings per share, basic and diluted, of $0.56 and $0.50, respectively, for the three months ended March 31, 2024.
    • Adjusted net income1 was $12.2 million corresponding to an Adjusted EPS1, basic of $0.34 for the three months ended March 31, 2025 compared to an Adjusted net income of $17.5 million corresponding to an Adjusted EPS, basic, of $0.59 for the same period of last year.
    • EBITDA1 for the three months ended March 31, 2025 amounted to $14.7 million, while Adjusted EBITDA1 for the three months ended March 31, 2025 amounted to $15.6 million.
    • An average of 11.90 vessels were owned by the Company during the three months ended March 31, 2025 compared to 9.84 vessels for the same period of 2024.

    1 EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.

    Fleet Employment Table

    As of May 23, 2025, the profile and deployment of our fleet is the following:

                           
    Name Year
    Built    		    Country
    Built    		    Vessel Size
    (dwt)    		    Vessel
    Type    		    Employment
    Status    		    Expiration of
    Charter(1)
    Tankers                           
    Magic Wand 2008    Korea    47,000    MR product tanker    Time Charter   October 2025
    Clean Thrasher 2008    Korea    47,000    MR product tanker    Time Charter    May 2025
    Clean Sanctuary (ex. Falcon Maryam) 2009    Korea    46,000    MR product tanker    Spot     
    Clean Nirvana 2008    Korea    50,000    MR product tanker    Spot     
    Clean Justice 2011    Japan    46,000    MR product tanker    Time Charter    September 2027
    Aquadisiac 2008   Korea   51,000   MR product tanker   Spot    
    Clean Imperial 2009   Korea   40,000   MR product tanker   Time Charter   January 2026
    Suez Enchanted 2007    Korea    160,000    Suezmax tanker    Spot     
    Suez Protopia 2008    Korea    160,000    Suezmax tanker    Spot     
    Drybulk Carriers(2)                           
    Eco Wildfire 2013    Japan    33,000    Handysize drybulk    Time Charter    May 2025
    Glorieuse 2012    Japan    38,000    Handysize drybulk    Time Charter    June 2025
    Neptulus 2012   Japan   33,000   Handysize drybulk   Time Charter   June 2025
    Supra Pasha 2012   Japan   56,000   Supramax drybulk   Spot    
    Fleet Total           807,000 dwt               
    (1)
    (2)    		 Earliest date charters could expire.
    We have contracted to acquire six Japanese built drybulk carriers, aggregating approximately 387,000 dwt, which are
    expected to be delivered to us by June 2025.
       

    CEO Harry Vafias Commented

    Another year commenced with a positive momentum for Imperial Petroleum. We are happy as we consider the $11.3 million of net income generated in Q1 25’ a very good result given the eventful but softish market. This is a busy period for our Company but at the same time exciting as we are taking on delivery of another six drybulk vessels. Within the short life of Imperial Petroleum, we are expanding our fleet from four vessels to nineteen by the second quarter of 2025; our goal of growing fast and transforming a small company to medium sized was achieved. We feel confident that the diversified quality non- Chinese fleet we have created will pay off. Imperial Petroleum enjoys fast growth, recurring profits, zero bank debt and liquidity as of March 31, 2025 in excess of $220 million and as per our view ticks all the boxes that define a successful operation.

    Conference Call details:

    On May 23, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

    Online Registration:

    Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

    https://register-conf.media-server.com/register/BIaef045aa9f5b46a7b5e8eb48c2e56115

    Slides and audio webcast:

    There will also be a live and then archived webcast of the conference call, through the IMPERIAL PETROLEUM INC. website (www.ImperialPetro.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

    About IMPERIAL PETROLEUM INC.        

    IMPERIAL PETROLEUM INC. is a ship-owning company providing petroleum products, crude oil and drybulk seaborne transportation services. The Company owns a total of thirteen vessels on the water – seven M.R. product tankers, two suezmax tankers and four handysize drybulk carriers – with a total capacity of 807,000 deadweight tons (dwt), and has contracted to acquire an additional six drybulk carriers of 387,000 dwt aggregate capacity. Following these deliveries, the Company’s fleet will count a total of 19 vessels with an aggregate capacity of 1.2 million dwt. IMPERIAL PETROLEUM INC.’s shares of common stock and 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock are listed on the Nasdaq Capital Market and trade under the symbols “IMPP” and “IMPPP,” respectively.

    Forward-Looking Statements

    Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although IMPERIAL PETROLEUM INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, IMPERIAL PETROLEUM INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, geopolitical conditions, including any trade disruptions resulting from tariffs and other protectionist measures imposed by the United States or  other countries, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, changes in IMPERIAL PETROLEUM INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflicts in the Middle East, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or accidents and political events or acts by terrorists.

    Risks and uncertainties are further described in reports filed by IMPERIAL PETROLEUM INC. with the U.S. Securities and Exchange Commission.

    Fleet List and Fleet Deployment        
    For information on our fleet and further information:
    Visit our website at www.ImperialPetro.com

    Company Contact:
    Fenia Sakellaris
    IMPERIAL PETROLEUM INC.
    E-mail: info@ImperialPetro.com

    Fleet Data:
    The following key indicators highlight the Company’s operating performance during the three month periods ended March 31, 2024 and 2025.

    FLEET DATA Q1 2024 Q1 2025
    Average number of vessels (1) 9.84 11.90
    Period end number of owned vessels in fleet 11 12
    Total calendar days for fleet (2) 895 1,071
    Total voyage days for fleet (3) 878 1,067
    Fleet utilization (4) 98.1% 99.6%
    Total charter days for fleet (5) 207 504
    Total spot market days for fleet (6) 671 563
    Fleet operational utilization (7) 80.6% 83.8%
         

    1) Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period.
    2) Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    3) Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    4) Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days, and is determined by dividing voyage days by fleet calendar days for the relevant period.
    5) Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period.
    6) Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period.
    7) Fleet operational utilization is the percentage of time that our vessels generated revenue, and is determined by dividing voyage days excluding idle days by fleet calendar days for the relevant period.

    Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS:

    Adjusted net income represents net income before share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation and share based compensation.
    Adjusted EPS represents Adjusted net income attributable to common shareholders divided by the weighted average number of shares. EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation.

    EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance.

    (Expressed in United States Dollars,
    except number of shares)    		 Third Quarter Ended March 31st,
      2024   2025
    Net Income – Adjusted Net Income      
    Net income 16,654,604   11,290,986
    Plus share based compensation 858,810   889,076
    Adjusted Net Income 17,513,414   12,180,062
           
    Net income – EBITDA      
    Net income 16,654,604   11,290,986
    Plus interest and finance costs 2,430   606,383
    Less interest income (1,785,878)   (2,184,394)
    Plus depreciation 4,027,061   5,002,837
    EBITDA 18,898,217   14,715,812
           
    Net income – Adjusted EBITDA      
    Net income 16,654,604   11,290,986
    Plus share based compensation 858,810   889,076
    Plus interest and finance costs 2,430   606,383
    Less interest income (1,785,878)   (2,184,394)
    Plus depreciation 4,027,061   5,002,837
    Adjusted EBITDA 19,757,027   15,604,888
           
    EPS      
    Numerator      
    Net income 16,654,604   11,290,986
    Less: Cumulative dividends on preferred shares (435,246)   (435,246)
    Less: Undistributed earnings allocated to non-vested shares (856,950)   (453,265)
    Net income attributable to common shareholders, basic 15,362,408   10,402,475
    Denominator      
    Weighted average number of shares 27,613,661   32,944,925
    EPS – Basic 0.56   0.32
           
    Adjusted EPS      
    Numerator      
    Adjusted net income 17,513,414   12,180,062
    Less: Cumulative dividends on preferred shares (435,246)   (435,246)
    Less: Undistributed earnings allocated to non-vested shares (902,326)   (490,387)
    Adjusted net income attributable to common shareholders, basic 16,175,842   11,254,429
           
    Denominator      
    Weighted average number of shares 27,613,661   32,944,925
    Adjusted EPS, Basic 0.59   0.34
           

    Imperial Petroleum Inc.
    Unaudited Consolidated Statements of Income
    (Expressed in United States Dollars, except for number of shares)

        Quarters Ended March 31,
        2024   2025
             
    Revenues      
      Revenues 41,203,281   32,091,626
             
    Expenses      
      Voyage expenses 12,963,607   10,054,114
      Voyage expenses – related party 514,414   401,753
      Vessels’ operating expenses 5,951,561   7,021,928
      Vessels’ operating expenses – related party 82,000   98,500
      Drydocking costs 625,457   —
      Management fees – related party 393,800   471,240
      General and administrative expenses 1,207,168   1,217,977
      Depreciation 4,027,061   5,002,837
    Total expenses 25,765,068   24,268,349
             
    Income from operations 15,438,213   7,823,277
             
    Other (expenses)/income      
      Interest and finance costs (2,430)   (3,607)
      Interest expense – related party —   (602,776)
      Interest income 1,035,261   2,184,394
      Interest income – related party 750,617   —
      Dividend income from related party 189,583   187,500
      Foreign exchange (loss)/gain (756,640)   1,702,198
    Other income, net 1,216,391   3,467,709
             
    Net Income 16,654,604   11,290,986
             
    Earnings per share      
    – Basic 0.56   0.32
    – Diluted 0.50   0.30
             
    Weighted average number of shares      
    -Basic 27,613,661   32,944,925
    -Diluted 30,951,012   34,258,803
             

    Imperial Petroleum Inc.
    Unaudited Consolidated Balance Sheets
    (Expressed in United States Dollars)

        December 31,   March 31,
        2024   2025
             
    Assets      
    Current assets      
      Cash and cash equivalents 67,783,531   126,520,450
      Time deposits 138,948,481   100,900,500
      Trade and other receivables 13,456,083   8,772,549
      Other current assets 652,769   67,374
      Inventories 7,306,356   6,705,115
      Advances and prepayments 250,562   209,858
    Total current assets 228,397,782   243,175,846
             
    Non current assets      
      Operating lease right-of-use asset 78,761   60,239
      Vessels, net 208,230,018   227,015,031
      Investment in related party 12,798,500   12,794,333
    Total non current assets 221,107,279   239,869,603
    Total assets 449,505,061   483,045,449
             
    Liabilities and Stockholders’ Equity      
    Current liabilities      
      Trade accounts payable 5,243,872   5,923,098
      Payable to related parties 18,725,514   39,232,604
      Accrued liabilities 3,370,020   3,604,467
      Operating lease liability, current portion 1,419,226   60,239
      Deferred income 78,761   1,812,557
    Total current liabilities 28,837,393   50,632,965
             
    Total liabilities 28,837,393   50,632,965
             
    Commitments and contingencies      
             
    Stockholders’ equity      
      Common stock 382,755   386,671
      Preferred Stock, Series A 7,959   7,959
      Preferred Stock, Series B 160   160
      Treasury stock (8,390,225)   (8,390,225)
      Additional paid-in capital 282,642,357   283,527,517
      Retained earnings 146,024,662   156,880,402
    Total stockholders’ equity 420,667,668   432,412,484
    Total liabilities and stockholders’ equity 449,505,061   483,045,449
           

    Imperial Petroleum Inc.
    Unaudited Consolidated Statements of Cash Flows
    (Expressed in United States Dollars

        Three Month Periods Ended March 31,
        2024   2025
         
    Cash flows from operating activities      
      Net income for the period 16,654,604   11,290,986
             
    Adjustments to reconcile net income to net cash      
      provided by operating activities:      
      Depreciation 4,027,061   5,002,837
      Non – cash lease expense 17,550   18,522
      Share based compensation 858,810   889,076
      Unrealized foreign exchange loss/(gain) on time deposits 799,150   (358,420)
      Dividend income from related party (189,583)   —
             
    Changes in operating assets and liabilities:      
      (Increase)/decrease in      
      Trade and other receivables (3,249,129)   4,683,534
      Other current assets (532,029)   585,395
      Inventories (574,256)   601,241
      Changes in operating lease liabilities (17,550)   (18,522)
      Advances and prepayments (45,536)   40,704
      Due from related parties (879,732)   4,167
      Increase/(decrease) in      
      Trade accounts payable (1,100,028)   679,226
      Due to related parties 2,839,227   (3,369,040)
      Accrued liabilities 903,784   234,447
      Deferred income (869,166)   393,331
    Net cash provided by operating activities 18,643,177   20,677,484
             
    Cash flows from investing activities      
      Dividends income received 191,667   —
      Acquisition and improvement of vessels (72,257,190)   (4,350)
      Increase in bank time deposits (31,695,420)   (57,958,390)
      Maturity of bank time deposits 31,368,080   96,364,791
    Net cash (used in)/provided by investing activities (72,392,863)   38,402,051
             
    Cash flows from financing activities      
      Stock issuance costs (2,504,498)   —
      Dividends paid on preferred shares (341,947)   (342,616)
    Net cash used in financing activities (2,846,445)   (342,616)
             
    Net (decrease)/increase in cash and cash equivalents (56,596,131)   58,736,919
    Cash and cash equivalents at beginning of period 91,927,512   67,783,531
    Cash and cash equivalents at end of period 35,331,381   126,520,450
    Cash breakdown       
      Cash and cash equivalents 35,331,381   126,520,450
    Total cash and cash equivalents shown in the statements of cash flows 35,331,381   126,520,450

    The MIL Network –

  • MIL-OSI Canada: Premier Going to France for More Trade Talks

    Source: Government of Canada regional news

    Premier Tim Houston will be in France May 24-29 to discuss market and energy opportunities with Michelin Group.

    “Michelin is one of Nova Scotia’s largest employers. They know that Nova Scotia can provide the talent they need to reach their goals, and they already provide jobs to thousands of hard-working Nova Scotians,” said Premier Houston. “As a government, we are pro-business, and we know that Nova Scotia has so much to offer companies that want to innovate and grow. Working together, we can create economic opportunities that make Nova Scotia stronger and more prosperous.”

    Michelin has produced more than 230 million tires in the province since 1971 and is part of Nova Scotia’s advanced manufacturing sector that exports products around the world, to more than 150 countries.

    Advanced manufacturing represents $4.67 billion of exported goods and 7.6 per cent of total provincial gross domestic product. Nova Scotia’s manufacturing infrastructure connectivity and logistics facilities make it the ideal choice for servicing Europe and North America.

    The Province is currently developing a comprehensive trade action plan to facilitate internal trade, enhance productivity and drive critical sectors with input from businesses and industry. Nova Scotia is focused on making the province more self-reliant by investing in the seafood sector, wind resources and critical minerals.

    Quick Facts:

    • Michelin is one of Nova Scotia’s largest employers with nearly 4,000 direct employees
    • the company’s exports account for nearly one per cent of Nova Scotia’s gross domestic product
    • mission delegates are: Premier Houston; Nicole LaFosse Parker, Chief of Staff and General Counsel; Executive Deputy Minister Tracey Taweel; and Mike McMurray, Executive Director, International Relations and Military Relations

    Additional Resources:

    News release – Premier Heads to Spain, United Kingdom for Trade Mission: https://news.novascotia.ca/en/2025/05/02/premier-heads-spain-united-kingdom-trade-mission

    News release – Michelin Expands in Nova Scotia with Provincial Support: https://news.novascotia.ca/en/2023/03/14/michelin-expands-nova-scotia-provincial-support

    Michelin’s strategic plan for 2030, Michelin in Motion: https://www.michelin.com/en/group/michelin-in-motion-strategy

    Other than cropping, Province of Nova Scotia photos are not to be altered in any way.

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: UK Government must ignore Trump’s call for North Sea oil drilling

    Source: Scottish Greens

    23 May 2025 Climate Energy

    The UK’s energy strategy must not cost people and planet.

    More in Climate

    The UK Government must ignore Donald Trump’s ‘century of drilling left’ comments and listen to climate experts, warn Scottish Greens. 

    The US president claims that more oil and gas exploration by drilling in the North Sea is the only way to bring energy prices down. 

    His remarks on the UK Government’s energy strategy come as Ofgem announced that the energy price cap would decrease by £129 per year from £1,849 to £1,720 per household.

    Trump has a long history of promoting climate conspiracy theories, and his support for more fossil fuel extraction comes despite the warnings of climate and energy experts globally.

    Scottish Greens co-leader and spokesperson for net zero, Patrick Harvie MSP, is calling for the Labour government to ignore Trump’s remarks and end our reliance on fossil fuels for good. 

    Mr Harvie said:

    “Household energy bills have been volatile because of our over-reliance on fossil fuels, and it’s critical that both governments cut fossil fuel consumption, increase investment in clean energy, and break the artificial link between gas prices and electricity so that bills come down faster.

    “Scotland’s renewable industry is generating cheap, clean, abundant power, but households are not getting the benefit in the bills they pay. 

    “Donald Trump’s dangerous ideas must be ignored. Climate breakdown already costs the average Scottish household over £3,000 a year. Failure to tackle the climate emergency would accelerate the damage, and keep people dependent on volatile energy prices.

    “There’s no surprise that a corrupt billionaire politician is putting the profits of fossil fuel multinationals ahead of the common good. 

    “We must stick to our net zero targets. We cannot backtrack any further or pander to a climate change denier like Trump, who ignores the extreme harm the fossil fuel industry has caused.

    “This Labour government has already shown they will make decisions that harm people; cutting winter fuel payment for pensioners and making disabled people struggle financially. I urge them to do the right thing and ignore the calls of billionaires like Trump who don’t accept scientific reality. 

    “What households and businesses need are bills that come down and stay down, and that means breaking our dependence on fossil fuels. Household bills are already far too high, with too many people being forced to freeze all winter so they can feed themselves.”

    Mr Harvie added:

    “Scotland is lucky to have such a vast amount of renewable energy. Jobs in renewables have surpassed oil and gas jobs both in Scotland and across the globe. Climate science experts are providing us with the information to reach net zero. This is the future and we must be ready to welcome it.”

    MIL OSI United Kingdom –

  • MIL-OSI Europe: OSCE and Greek experts train future Romanian border police agents in detecting forged documents

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

    Headline: OSCE and Greek experts train future Romanian border police agents in detecting forged documents

    Participants in an OSCE training course for future Romanian border police agents detecting forged documents and impostors at border crossing points, Oradea, 22 May 2025. (OSCE) Photo details

    The OSCE Transnational Threats Department, in co-operation with Greek document experts, held a training course on detecting forged documents and impostors at border crossing points for 193 future border police agents studying at the ‘Avram Iancu Training School for Border Police Agents’ in Oradea, Romania, on 22 and 23 May.
    The training is particularly timely as Romanian Border Police identified 1,090 cases of forged documents in 2024 and ongoing training ensures border agents can quickly detect fraudulent documents, keeping the country’s borders secure. Through discussions with document experts from Greece, the participants enhanced their knowledge about the latest trends in document forgery including high-quality counterfeit residence permits, signs of tampering such as overprinting on document holder photos and real-world case studies of forged passports with missing pages.
    “The training brings added value to the Avram Iancu Training School for Border Police Agents Oradea study programme, making a significant contribution to the training of future border guards in document forgery detection proficiency and, hence, to increased security at Schengen borders. The timing of the training activity is also appropriate, as the students will take the graduation exam between 24 May and 5 June 2025, and will join the operational structures of the Romanian Border Police on 6 June 2025. Therefore, this OSCE training improves their professional capabilities at the beginning of their career in the field of public order and security,” said Police Chief Commissioner Felicia Voicu, Director of the Avram Iancu Training School for Border Police Agents.
    This training course is part of an ongoing OSCE project supporting the Organization’s participating States and Partners for Co-operation in reducing the illegal crossing of borders with a fake or stolen identity, funded by the United States.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Stoke-on-Trent prepares to mark Armed Forces Celebration Day

    Source: City of Stoke-on-Trent

    Published: Friday, 23rd May 2025

    Stoke-on-Trent is set to honour its military personnel at the annual Armed Forces Celebration Day on Sunday, 29 June 2025.

    The free event takes place at Queen’s Park, Longton (ST3 4AU) from 12pm to 4.30pm and promises a full day of remembrance, celebration and family fun.

    This year’s celebration features a full military parade and a traditional Drumhead Service, paying tribute to both serving and former members of the Armed Forces. Local cadet forces and veteran associations will join the parade.

    A major highlight of the day will be a Dakota flypast from the RAF, between 1.20 and 1.40pm – before the parade begins at 2pm.

    The Douglas C47 Dakota is one of the most iconic military transport aircraft in history, known for its role in Burma, the D-Day landings and the airborne assault on Arnhem in 1944.

    The RAF Battle of Britain Memorial Flight’s Dakota ZA947, affectionately named ‘Kwicherbichen’ by her crews, carried out paradropping operations on the eve of D-Day, making this flypast a fitting tribute during Stoke-on-Trent’s Centenary year.

    Lord Mayor of Stoke-on-Trent and Armed Forces Champion, Councillor Steve Watkins, said: “This event is a great day out for families and also a reminder of the bravery, service and sacrifices made by our Armed Forces. It’s also a celebration of community spirit, and I’m honoured to take part alongside so many local residents.

    “In our Centenary year, it’s especially fitting that we honour local hero Jack Baskeyfield of Arnhem with a flypast from the very aircraft that played a crucial role in Operation Market Garden.”

    Alongside the flypast and parade, visitors can enjoy military vehicle displays, emergency services exhibits and live musical entertainment. Family-friendly attractions include funfair rides and a variety of charity and community stalls.

    Organised by the North Staffs Armed Forces Celebration Committee in partnership with Queen’s Park Partnership.

    Councillor Lilian Dodd, chair of the North Staffs Armed Forces Celebration Committee, said: “We’re incredibly proud to bring the Armed Forces Celebration Day back to Queen’s Park for another year. The inclusion of the Dakota Flypast in this Centenary Year makes it especially meaningful. It’s a chance for our community to come together, show our appreciation and create lasting memories for all generations.”

    For more information go to: https://www.armedforcesday.org.uk/event/armed-forces-celebration-day-north-staffs/

    Stoke-on-Trent City Council holds a Gold Award from the Armed Forces Covenant Employer Recognition Scheme. The scheme encourages people to support the Armed Forces community in their area and increase understanding and awareness of the issues affecting the Armed Forces.

    To find out more about support available for the Armed Forces and veterans email covenant@stoke.gov.uk or call 01782 235683.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Eco moorings launch at Aristotle Lane canal

    Source: City of Oxford

    The first eco-moorings in Oxford have been installed at Aristotle Lane canal to help reduce air pollution along the city’s waterways.  

    In 2023, the Council and the Canal & River Trust were awarded £193,000 from the Government’s annual Air Quality Grant, to install ‘eco-moorings’ at the Aristotle Lane visitor moorings.   

    The project has seen the installation of three ‘eco-mooring’ bollards – the first installed outside of London – aiming to provide visiting boaters with electrical power infrastructure as an alternative to diesel engines, generators and wood burners for their daily heat and energy needs.  

    In Oxford, it is estimated that there are around 140 boaters living on the rivers and canals, with around 70% of them being visiting boaters. However, there are limited locations across the county where electrical power is available for boaters – especially for short-stay moorings.  

    Without access to electricity, boaters are often forced to run diesel engines to charge up their batteries and/or use wood burning stoves to heat their houseboats, both of which release smoke emissions which have been proven to be harmful to human health. Those most at risk from pollution from boats, are boaters themselves, who are often exposed for longer periods of time and at a closer range.      

    Wood burners emit particulate matter, also known as PM2.5, which is a type of air pollution. These are very tiny particles, that can have a serious impact on human health.  A wide range of scientific studies have been published in recent years showing the negative impacts to human health of long-term exposure to air pollution. 

    The new eco-moorings aim to provide a cleaner alternative for boaters to use instead of polluting fuels.  

    The eco-moorings consist of three electric pillars, each containing two sockets, which enable up to six visiting boaters to plug into and connect to the grid for energy.

    The sockets have range of capacity, with five 16-amp sockets and one 32-amp socket which can support the charging of electric propulsion boats (e-boats). All sockets also have the capability to become 32-amp in the future, based on demand.  

    The Oxford eco-moorings project builds upon other successful projects in Islington and Camden. Learnings from the project will help inform future management of Oxfords’ canal – subject to funding.    

    The Council and Canal & River Trust will also be working to deliver health, air quality and energy advice to boaters through the project. This will include ways and opportunities to transition to cleaner energy systems, as well as information on how to use their current heating in the most efficient way. 

    More details on the project can be found on the Council’s eco-moorings webpage.   

    “It is fantastic that Oxford’s first eco-moorings are now here and ready to use. Many boaters have no other choice but to use wood-burning and diesel generators to keep warm, but this can be harmful to their health and that of their neighbours. These eco-moorings will provide boaters with the ability to use cleaner forms of heating.” 

    Councillor Anna Railton, Deputy Leader and Cabinet Member for Zero Carbon Oxford, Oxford City Council

    “While boats are a very minor contributor to overall air pollution when compared to road traffic and other sources of emissions, we recognise that they can have a localised impact on air quality; indeed, those most at risk from boat engine fumes are boaters themselves.   

    “These first eco moorings outside London are the start of a journey for boaters on the Oxford Canal towards reducing emissions. I am delighted that our charity has been able to work in partnership with Oxford City Council to deliver them in time for the busy summer season.” 

    Ros Daniels, Director for London & South East, Canal & River Trust

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Landmarks lit – Ha’way the lads

    Source: City of Sunderland

    Landmarks are lit in Sunderland AFC colours to mark the team’s play-off match at Wembley.

    The Northern Spire, Keel Square and High Street West, Fulwell Mill and Hylton Castle are lit red and white between dusk and dawn on Friday 23 May, match day and Sunday 25 May.

    Leader of Sunderland City Council, Councillor Michael Mordey said: “Alongside good luck to the lads, I’d like to wish all the fans a safe journey to London, and an even safer and happier journey back!”

    As well as landmark light-ups, drivers are seeing good luck messages on the city’s VMS (Variable Message Signs), including – Ha’way the lads.

    Cllr Mordey added: “It’s a great achievement to be in the play-offs and I’m with everyone else in wanting to see there’s an even greater achievement and that we’re back in the Premier League.”

    “We can be very proud about getting to the play-offs and I know we all want to stand prouder with a new chapter for our city’s great footballing traditions – Ha’way the lads.”

    MIL OSI United Kingdom –

  • MIL-OSI Security: Two teenagers have pleaded guilty to the murder of Kelyan Bokassa

    Source: United Kingdom London Metropolitan Police

    Two boys, both aged 16-years old, have pleaded guilty to the murder of 14-year-old Kelyan Bokassa.

    The pair, who cannot be named because of their age, are due to be sentenced on Wednesday, 25 July at the Old Bailey.

    They were arrested on Wednesday, 15 January after a man hunt by Met officers and charged the next day.

    Detective Chief Inspector Sarah Lee, Specialist Crime, who led the Met’s investigation said: Today I wish to express my team’s heartfelt sympathies to Kelyan’s family.

    “The brutal and senseless attack on Kelyan’s has deeply impacted his friends, the wider community and everyone that has worked tirelessly to identify, arrest and prosecute those responsible.

    “I hope Kelyan’s family can take some solace in this outcome but I know they remain deeply bereft at the waste of three young lives.”

    An investigation was launched after police were called at 14:28hrs on Tuesday, 7 January to reports of a stabbing on a bus in Woolwich, SE18. The incident occurred on a Route 472 bus on Woolwich Church Street near the junction with the A205 South Circular Road.

    Officers attended, along with London Ambulance Service and London’s Air Ambulance. Paramedics treated a Kelyan at the scene, but he very sadly died shortly after medics arrived.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Earlier support for speech and language for 20,000 children

    Source: United Kingdom – Executive Government & Departments

    Press release

    Earlier support for speech and language for 20,000 children

    Up to 20,000 more young children, including those with SEND, will have their needs identified and supported earlier, breaking down barriers to opportunity.

    Up to 20,000 more children are set to benefit from earlier targeted support to overcome speech and language challenges before concerns escalate, as the government ensures every child gets the best start in life through its Plan for Change.

    Backed by £3.4 million this year, the Early Language Support for Every Child (ELSEC) programme deploys specialist teams across primary schools and early years settings, helping to identify and respond to speech and language needs, particularly for children with SEND.

    Developmental delays have been a growing issue since the pandemic, with more than 40,000 children waiting over 12 weeks for speech and language therapy as of June 2024.

    It is particularly prevalent for children with SEND as numbers have skyrocketed from 1.3 million in 2020 to 1.67 million in 2024 – with one in four of these children requiring additional help to overcome difficulties listening, understanding and talking.

    A lack of early identification can have a devastating impact on development, social skills, attendance, and academic attainment for all children – holding them back from progressing in school and life.

    This is seen by the staggering rise in children requiring specialist support, with the number of children on Education Health Care Plans escalating from under 250,000 in 2015 to over 575,000 in 2024.

    The ELSEC programme paves the way for a reformed SEND system that embeds earlier intervention and targeted support, enabling children to thrive at their mainstream school and making sure all children have the best start in life.

    Minister for School Standards, Catherine McKinnell said:

    When challenges with speech and language go unnoticed, it can have a devastating impact on children’s attainment, attendance, social abilities and future life chances.

    ELSEC is turning this around for so many pupils – and particularly those with SEND – helping them find their voice and thrive at school and with their friends and family.

    This type of approach is exactly what we want to see in a reformed SEND system that delivers the support children need at the earliest stage and restores parents’ trust in a system which has let them down for too long.

    Minister for School Standards, Catherine McKinnell visited Hasmonean primary school in Barnet, which has been part of the ELSEC programme since January, and observed a small group intervention in one of the school’s calming environments. The activity focused on developing children’s social communication skills by engaging the children’s attention, promoting interaction and vocabulary, and making learning and communication fun.

    Head of Early Years and SEN Support at Hasmonean Primary School, Jemma Brahams, said:

    The ELSEC team first trained me on how to run a small group intervention for our pupils who are experiencing speech and language difficulties. The team was there to help me from the start and was always available as I got used to implementing the approach.

    The training provided on these interventions has been huge for us, as we now don’t need to wait for anyone to come into the school or go on any waiting lists – we can just take it forward straightaway. In fact, I’m now able to train other staff members in the school to deliver intervention groups, so we can have it running frequently and across different year groups.

    The impact on our pupils’ development has been really positive too. As the activity is creative and interactive, it supports the children’s speech and language development, concentration and attention – we’ve seen so much progress.

    Parent of Raphael at Hasmonean Primary school, Deborah, said:

    Raphael is 4 and did not speak until recently, he only made noises which was so frustrating for him, but with interventions he has progressed amazingly.

    With 3-4 interventions a week he has massively grown in confidence, he is communicating with his friends and expressing himself more than ever – we are now hopeful that Raphael can go to Reception in September which was not an option a few months ago!

    This programme has been so impactful for my son and it is amazing to see the work being done for children like Raphael.

    Communication needs can manifest itself in a number of ways, including physically through stuttering and issues putting sentences together, as well as difficulty understanding words.

    As part of the ELSEC programme, Speech and Language Therapy Assistants become part of the fabric of the school, working across numerous settings in their area to assist pupils aged 2-11 years old who need help with their language skills – whether that’s universal support for the whole class, or specialist 1:1 help for pupils with intensive needs.

    Staff are taught to use characters and games to boost engagement and improve expression in ways that children can understand.

    This support can also have a huge impact on children’s wellbeing at school, and as a result, their attendance. Last year, SEN children in primary school with Speech Language and Communication Needs (SLCN) as a primary need missed almost a week more of school than children without SEND.

    Jointly funded by NHS England, ELSEC has already supported over 200 early years and primary school settings, trained over 3,000 setting staff and provided support to just over 20,000 pupils so far since launching in 2023.

    Clinical Coordinator in Barnet’s ELSEC team, Georgia Roskin, said:

    It can be very easy for teaching staff to identify children with significant needs but the children with mild-moderate needs often get missed, which can sadly cause long-term speech and language difficulties, and poorer outcomes.

    That’s why when we first partner with a setting, we train teaching staff to screen every single child, which assures us (and parents!) that no children go undetected.

    We work intensively within a setting for six weeks, helping to identify pupils who may need support, while also upskilling the school staff on different interventions and teaching approaches they can adopt. We then stay in regular contact, coming back into the setting every couple of months to see how they’re getting on and address any new concerns.

    NHS National Director for Primary Care and Community Services, Dr Amanda Doyle, said:

    It is vital that children with speech, language and communications needs get access to support as early as possible, to help give them the best start in life.

    That’s why the NHS is working closely with the Department for Education and early years and primary school settings to transform the way children access support, enabling them to get the right care at the right time.

    Chief Executive of the Royal College of Speech and Language Therapists, Steve Jamieson, said:

    We’re delighted that the Department for Education and NHS England will fund the Early Language Support for Every Child programme until March 2026.

    It has shown that when speech and language therapists, therapy support workers and education staff work together, they can identify children’s needs earlier and put timely support in place.

    Providing early intervention for children’s speech, language and communication needs can improve their wellbeing, development, and educational attainment. The extension of the funding means more children will benefit from this important programme.

    ELSEC forms one part of the government’s work testing SEND reforms through a reformulated Change Programme focused on early intervention and support in mainstream schools. 

    Local areas will also test how children in so-called alternative provision – for children who have been excluded or have behavioural needs – can get the right support to return to mainstream provision.  

    This includes by supporting the expansion of Alternative Provision Specialist Taskforces (APST) – multi-agency teams, including SEN specialists, youth workers, and mental health practitioners, working in AP settings, with mainstream schools to provide holistic support and ensure more children receive the right support to achieve and thrive.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: A Changed Global Landscape: Policy Priorities in CESEE

    Source: IMF – News in Russian

    Speech by Alfred Kammer, Director, European Department of the IMF — Slovenia

    May 23, 2025

    It is a great pleasure to be with you in Ljubljana.

    Let me begin by setting the stage for what I hope will be an insightful discussion on policy options in the presence of geoeconomic shocks and uncertainty.

    I will focus on Central, Eastern and Southeastern European (CESEE) countries.  

    After a respectable recovery last year, we downgraded growth for 2025 and 2026 across Europe  

    Heightened uncertainty and trade policy volatility have been the main factors.  And the latest data releases from Q1 2025 are so far in line with our forecast.

    The downgrade for the CESEE region[1] has been more sizeable than for advanced Europe: from over 3 percent in 2025 and 2026 to 2.4 and 2.7 percent respectively.

    The larger impact is primarily due to a comparatively larger manufacturing sector. The growth revision would have been even larger if not for the German infrastructure package and an acceleration of Europe wide-defense spending

    Inflation in CESEE countries meanwhile is coming down somewhat faster. But, as the chart shows, inflation rates will remain above targets for some time. Persistent services inflation and lagged effects of still high wage growth are key drivers – a point I will return to later as a risk to competitiveness.

    In my remarks today, I will address two points: (i) how the changing global landscape is affecting CESEE countries and (ii) what the key policy priorities are.

    Let me give a summary of my key points

    • What do we know so far about the effects of trade disputes including via trade diversion?

    In a nutshell, the impact across the CESEE regions varies widely. Some of the most US-tariff-exposed countries, namely Hungary and Slovak Republic and to a lesser extent the Czech Republic, are in the constituency.

    The tariffs between the US and China have just been lowered from very extreme levels, but they remain high and could increase again. Economic spillovers could be large for some specific sectors, even though our preliminary assessment is that the trade diversion effects should be manageable overall.

    • What can policymakers do to navigate a more uncertain and volatile period?

    Primarily, changes are permanent. Businesses and households will need to adapt to these. A principle-based approach can help lessen the impact.  

    • First, maintain trade openness as much as possible. Protectionism will hurt inward investment, lower investment further and bring down productivity and income growth.
    • Second, stay the course on sound macroeconomic policies. In times of uncertainty, markets will scrutinize fundamentals. Durable policies can limit increases in risk premia. This means that central banks should remain cautious on monetary normalization and governments need to keep an eye on fiscal sustainability.
    • Third, generate growth through traditional means: domestic structural reforms. The size of untapped gains from domestic structural reforms is surprisingly large.
    • The question here is how the CESEE region can overcome political constraints. In my final observation I will discuss how the EU budget can play a catalyzing role.

    I will highlight two channels:

    • Direct exposure to US tariffs
    • Potential effects of trade diversion from US-China trade dispute

    The CESEE region’s integration into global value-chains and trade linkages creates exposure to shifting trade dynamics.

    The EU has sizable direct trade linkages with China and the US (LHS), and linkages by individual CESEE countries to the US are substantial.

    Exposures are especially large in the Slovak Republic and Hungary. Exports to the US (primarily cars, car parts, batteries, and in the case of Hungary electronics) account for about 3 per cent of GDP in 2024.

    Czechia and Hungary have also large export positions to the US via smartphones and computers exports. For the time being, tariffs on these items have been exempted per the announcement made on April 11.

    Any increase in tariffs would have substantial dampening effects on growth.

    Indirect effects via supply chains will also become important tailwinds. In a 2024 IMF study, we show that an increase in EV imports from China could have significant GDP effects in the range of 1-1½ percent over 5 years via the supply chains in CESEE countries heavily reliant on the automotive sector.  A slowdown in Germany’s automotive sector has about a 5-10 times larger impact in percent of GDP in Slovakia and Hungary given their larger share of the sector relative to Germany.

    If US-China trade tensions persist, multiple channels of trade diversion could come into play.

    EU imports from China could increase, U.S. companies could try to find new export destinations including in Europe, and European firms could seek to find new export opportunities in the U.S. and China as a result of high China-U.S. tariffs.

    Finally, competition on third-country markets could increase as countries look for new export markets. CESEE countries could be innocent bystanders. For instance, Turkish businesses could experience increased competition in third markets reducing margin or market shares.

    We have estimated the potential size of trade diversion from China using a partial equilibrium approach.

    Our preliminary estimates from April 8 tariff announcements[2] for the EU are for higher imports from China of around 0.25 percent of EU GDP in the near term.[3] The estimates are similar to ECB estimates discussed in their latest economic Bulletin. The 90-day rollback of most bilateral tariffs imposed since April 2 announced by the US and China on May 12 implies lower numbers, but better to be prepared for the worst.

    Trade diversion would also affect inflation. Increased import competition would likely lower final prices. Headline inflation could be reduced by 20 basis points in 2026.

    The economic effects for consumers and producers are likely mixed. Lower final goods prices would benefit consumers. Similarly, lower imported intermediates could also benefit European firms by reducing input costs. But trade diversion means also a rise in competition and in specific sectors such as consumer electronics or transportation equipment, adjustment effects could be large.

    With all that said, the aggregate size of trade diversion effects appears manageable, although the impact could be large in individual countries and sectors.

    Let me turn to policy priorities.

    Let me now say a few words on what the CESEE region can do in the face of tariffs.    

    • First, Europe—and everyone—needs more trade, not less. The EU as well as CESEE should continue its open trade policy and expand its network of trade agreements.  
    • Second, we must accept that the global trade regime has changed. This means that any support to mitigate tariff or trade diversion effects should remain temporary, and targeted. 

    Support measures cannot substitute for differences in the underlying fundamentals. In particular, the recent appreciation of CESEE currencies in unit-labor-cost adjusted terms is a concern.

    What can policymakers do in the short term?

    In the current global environment, navigating uncertainty is crucial.

    In the short run, governments should aim to retain macroeconomic stability through credible and sustainable macroeconomic policies and build resilience. 

    Starting with monetary policy, central banks need to remain focused on durably reaching price stability targets.  

    • In several large CESEE countries—including Hungary—inflation is slowing, but is still above targets.   
    • Central banks should ease cautiously. We advise caution because core inflation in the CESEE region remains higher than hoped for, and inflation expectations are more responsive to current inflation levels.   

    Still high wage growth requires close attention. Increases have outpaced productivity and are contributing to higher inflation persistency. High labor costs also pose a risk to CESEE’s competitiveness. 

    Our fiscal advice remains broadly unchanged. For many countries, rebuilding fiscal buffers is still a priority.  

    • The challenge is how to manage rising long-term spending pressures from aging, healthcare, climate, and now higher defense spending. 
    • Some countries can accommodate temporary increases in priority spending while keeping debt sustainability in mind.  
    • But for many CESEE countries the space is limited. This means they will have to undertake smart adjustments: (i) make public services more efficient and programs better targeted; (ii) reallocate spending priorities away from low priority areas, (iii) and boost fiscal revenues. In many cases, this can be done without raising tax rates by closing loopholes and more efficient administration. 

    We continue to have concerns about Europe’s medium-term outlook: growth is low and there are rising spending needs:   

    • Labor supply is dwindling because of aging. 
    • Investment has been slowing. 
    • And Europe’s productivity growth has been very low over the last two decades. 

    This makes meeting fiscal pressures increasingly difficult. 

    • Spending needs are expected to rise significantly over the next decades, for advanced economies by 5¾ percentage points and emerging economies by 8 percentage points of GDP.  
    • In the CESEE region, energy-related investments needs are urgent and very large. 
    • And across the region, defense spending is on the rise.  

    This brings us to my final point which is how CESEE countries could generate medium-term growth.

    Domestic structural reforms, while often overlooked, provide a large untapped source of European growth potential. 

    • In a forthcoming study, we find that comprehensive national reforms could raise real GDP levels by about 5 percent in advanced economies and between 6.6 and 9.3 percent in the CESEE region. 
    • These are sizeable gains and could be an important growth antidote to the poisonous effects of uncertainty and volatile policy disputes.

    These reforms would remove inefficiencies at home and complement the earlier discussed EU-wide reforms. Specifically: 

    • Domestic labor market and skill-upgrading reforms top the priority list in terms of their macroeconomic
    • Fiscal-structural reforms and lower cost of business regulations would provide another substantial impetus.  
    • Reducing corruption and inefficiencies through governance reforms is particularly important in several CESEE countries. 

    Successful implementation of these reforms will require political will, and in some cases, also capacity building.  

    Overcoming the reform inertia is “the challenge” of Europe.

    Let me conclude with a few observations on how to overcome this obstacle.

    We think the EU budget could play a catalyzing role. Recent initiatives—such as the Recovery and Resilience Facility (RRF)—have made important strides in strengthening policy performance. The next Multiannual Financial Framework (MFF) for 2028-2034 should build on this momentum, further embedding a performance-based approach, especially in areas where current incentives are weak, but outcomes depend heavily on effective effort.

    This is particularly relevant for pre-allocated funds tied to national plans, where member states design and implement policies. In such cases, stronger performance incentives can help ensure that investments yield meaningful results.

    To maximize the impact of EU financing, the budget could reward projects that complement EU-level objectives—for example, national reforms like streamlining permitting processes for local distribution networks that connect with cross-border energy infrastructure.

    At the same time, policy coherence across all levels of government is essential. While the EU budget can offer strategic direction and alignment incentives, successful implementation ultimately depends on ownership at national, regional, and local levels. The EU budget can set incentives, but decisions need to be made at home.

    Let me conclude here …

    …and leave with a slide on our key messages.

    I now look forward to hearing from you. Thank you!

    [1] Excluding Belarus, Russia, Türkiye and Ukraine.

    [2] “April 8 tariffs” refers to the tariff increases between the US and China announced just before the 90-day pause on April 9.

    [3] This figure decreases to 0.09 percent with the May-12 tariffs

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    https://www.imf.org/en/News/Articles/2025/05/22/sp052325-ak-a-changed-global-landscape-policy-priorities-in-cesee

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Announcement of the final result of Nykredit’s recommended voluntary public tender offer for Spar Nord Bank A/S – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Announcement of the final result of Nykredit’s recommended voluntary public tender offer for Spar Nord Bank A/S

    23 May 2025

    Nykredit announces the final result of the recommended voluntary public tender offer for Spar Nord Bank A/S

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public takeover offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion. As stated in a supplement dated 2 April 2025, the offer price has subsequently been increased to DKK 210.50 per share.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order. The Offer Document was most recently supplemented in a supplement of 23 April 2025.

    The offer period expired on 20 May 2025 at 23:59 (CEST), and on 21 May 2025 Nykredit announced the preliminary result of the Offer in accordance with section 21(3) of the Danish Takeover Order. The preliminary result of the Offer showed that Nykredit had obtained acceptances which, combined Spar Nord Bank shares held by Nykredit, represent 96.54 per cent of the total share capital and voting rights in Spar Nord Bank, excluding Spar Nord Bank’s holding of treasury shares.

    Final result

    In accordance with section 21(3) of the Danish Takeover Order, Nykredit hereby announces the final result of the Offer.

    The final summation of acceptances shows that Nykredit has obtained acceptances for 72,169,763 shares, equal to 62.87 per cent of the share capital and the associated voting rights in Spar Nord Bank, excluding Spar Nord Bank’s holding of 2,918,044 treasury shares. The acceptances correspond to 61.32 per cent of the total share capital and voting rights in Spar Nord Bank.

    The acceptances received combined with the total of 38,646,475 Spar Nord Bank shares owned by Nykredit represent 96.54 per cent of the total share capital and voting rights in Spar Nord Bank, excluding Spar Nord Bank’s holding of treasury shares. The acceptances received and Nykredit’s holding of Spar Nord Bank shares correspond in total to 94.15 per cent of the total share capital and the total number of voting rights in Spar Nord Bank.

    The relevant regulatory approvals have been obtained, and the final summation of acceptances confirms that the minimum condition for acceptance is also fulfilled. Nykredit therefore considers that all conditions for completion of the Offer have been fulfilled, and Nykredit intends to complete the Offer on the terms and conditions set out in the Offer Document.

    Settlement

    The Offer is expected to be completed on 28 May 2025, on which date the cash consideration will be paid to the designated account of each Spar Nord Bank shareholder who has validly accepted the Offer and who has not validly withdrawn the acceptance of the Offer.

    Compulsory acquisition, delisting and changes to the management and articles of association

    As Nykredit stands to obtain an ownership interest corresponding to more than 90 per cent of the share capital and the associated voting rights in Spar Nord Bank (excluding treasury shares) upon completion of the Offer, it is Nykredit’s intention, as described in section 7.8 of the Offer Document, to initiate and complete a compulsory acquisition of the shares held by the remaining Spar Nord Bank shareholders in pursuance of sections 70-72 of the Danish Companies Act.

    Nykredit furthermore intends to seek to have the Spar Nord Bank shares removed from trading and official listing on Nasdaq Copenhagen A/S as described in section 7.9 of the Offer Document.

    In this connection, Nykredit will request Spar Nord Bank to convene an extraordinary general meeting at which Nykredit, as described in sections 7.4 and 7.5 of the Offer Document, will propose changes to the board of directors of Spar Nord Bank and changes to Spar Nord Bank’s articles of association.

    Detailed information on compulsory acquisition and delisting will be published in separate announcements.

    Additional information

    Contact persons:

    Investor contact:

    Morten Bækmand, Head of Investor Relations, Nykredit (+45 4455 1521)

    Media contact:

    Orhan Gökcen, Head of Press, Nykredit (+45 3121 0639)

    For further information about the Offer, please see: https://www.nykredit.com/en-gb/offer-spar-nord/

    This announcement and the Offer Document (with supplements) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with supplements) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Offer Document, supplements or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction, including securities laws. It is the responsibility of all Persons obtaining this announcement, the Offer Document, supplements, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Offer Document or supplements to shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.

    1 Executive Order no. 636 of 15 May 2020

    Attachment

    The MIL Network –

  • MIL-OSI Security: International Investigation Leads to Shutdown of Ransomware Group

    Source: US FBI

    “Radar/Dispossessor” servers and domains successfully dismantled

    On August 12, FBI Cleveland announced the disruption of “Radar/Dispossessor”—the criminal ransomware group led by the online moniker “Brain”—and the dismantling of three U.S. servers, three United Kingdom servers, 18 German servers, eight U.S.-based criminal domains, and one German-based criminal domain.

    Since its inception in August 2023, Radar/Dispossessor has quickly developed into an internationally impactful ransomware group, targeting and attacking small-to-mid-sized businesses and organizations from the production, development, education, healthcare, financial services, and transportation sectors. Originally focused on entities in the United States, the investigation discovered 43 companies as victims of the attacks, from countries including Argentina, Australia, Belgium, Brazil, Honduras, India, Canada, Croatia, Peru, Poland, the United Kingdom, the United Arab Emirates, and Germany. During its investigation, the FBI identified a multitude of websites associated with Brain and his team.

    Ransomware is a type of malicious software, or malware, that encrypts data on a computer making it unusable. A malicious cybercriminal holds the data hostage until the ransom is paid. If the ransom is not paid, the victim’s data remains unavailable. Cybercriminals may also pressure victims to pay the ransom by threatening to destroy the victim’s data or to release it to the public.

    Radar Ransomware follows the same dual-extortion model as other ransomware variants by exfiltrating victim data to hold for ransom in addition to encrypting victim’s systems. Simply, the ransomware identifies and attacks new victims and, re-victimizes current victims.

    Radar/Dispossessor identified vulnerable computer systems, weak passwords, and a lack of two-factor authentication to isolate and attack victim-companies. Once the criminals gained access to the systems, they obtained administrator rights and easily gained access to the files. The actual ransomware was then used for encryption. As a result, the companies could no longer access their own data. Once the company was attacked, if they did not contact the criminal actor, the group would then proactively contact others in the victim company, either through email or phone call. The emails also included links to video platforms on which the previously stolen files had been presented. This was always with the aim of increasing the blackmail pressure and increasing the willingness to pay.

    Finally, the compromise was announced by the attackers on a separate leak page and a countdown set until public release of the victim data if no ransom was paid.

    As ransomware can have many variants, such as this case, the total number of businesses and organizations affected is yet to be determined. The FBI encourages those with information about Brain or Radar Ransomware—or if their business or organization has been a target or victim of ransomware or currently paying a criminal actor—to contact its Internet Crime Complaint Center at ic3.gov or 1-800-CALL-FBI. Your identity can remain anonymous.

    The investigation and joint takedown were conducted in conjunction with the the U.K.’s National Crime Agency, Bamberg Public Prosecutor’s Office, Bavarian State Criminal Police Office (BLKA), and U.S. Attorney’s Office for the Northern District of Ohio.

    MIL Security OSI –

  • MIL-OSI United Kingdom: BBC CWR announced as official media partner of Godiva Festival 2025

    Source: City of Coventry

    Coventry City Council is proud to announce BBC CWR as the official media partner for Godiva Festival 2025.

    BBC CWR is the local radio station for Coventry and Warwickshire, bringing communities together through news, entertainment, and conversation. With a commitment to storytelling that reflects the heart of the region, BBC CWR keeps listeners informed, engaged, and connected to the voices that matter most.

    The station’s partnership with Godiva Festival will bring even more energy and connection to this much-loved event. 

    The Godiva Festival is a key highlight in Coventry’s event calendar, attracting thousands of visitors from across the UK each year. The 2025 festival will be held from 4 – 6 July in the beautiful War Memorial Park, Coventry. 

    As media partner, BBC CWR will provide extensive support and coverage, enriching the festival experience with live broadcasting, exclusive content and on-stage contributions. The station will also run competitions and giveaways, offering listeners the chance to win tickets and meet some of the festival’s performers. 

    Cllr Abdul Salam Khan, Deputy Leader and Cabinet Member for Events at Coventry City Council, said: “We are delighted to be working with BBC CWR as our media partner for Godiva Festival 2025. 

    “BBC CWR’s commitment to Coventry and community engagement resonates with Godiva Festival’s values and aspirations, as well as their love for celebrating Coventrians. 

    “With their support, we’re ready to deliver an unforgettable event, full of memorable moments for attendees of all ages.” 

    Sophie Cook, BBC CWR Executive Editor, added: “We are thrilled to be the media partner with Godiva Festival for 2025, celebrating Coventry’s vibrant culture and bringing the community closer through music, entertainment, and shared experiences.  

    “BBC CWR has always been at the heart of local storytelling, and this collaboration allows us to amplify the voices, energy, and excitement that make Godiva Festival such a special event. BBC Local is about bringing people together. ” 

    Godiva Festival 2025 offers a great value for money experience and boasts an exciting line-up, with headline performances from Soft Cell frontman Marc Almond, chart-topping electronic group Clean Bandit and modern rock favourites Ocean Colour Scene. 

    Tickets are on sale now, with single-day tickets starting from just £12.50, and family passes (for four people) available from £38. Go CV+ Super Concession discounts are also available for eligible attendees. 

    For tickets and more information, visit the official Godiva Festival website. 

    Godiva Festival is proudly delivered by Coventry City Council. BBC CWR is the official media partner. Music Smart sponsors the Godiva Calling competition, and Coventry College sponsors the Family Field. 

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Winnie Ho concludes Paris visit

    Source: Hong Kong Information Services

    Secretary for Housing Winnie Ho concluded her visit to Paris, France, yesterday by meeting a representative of a social housing association, a renowned urban planner and government officials there.

     

    In the morning, Ms Ho met a representative of CDC Habitat, a social housing association in France, to learn more about the mode of operation, development strategies, and challenges of social housing there. She also devoted time to highlight Hong Kong’s situation and the various housing initiatives being implemented by the Housing Bureau.

     

    Ms Ho then visited an integrated residential and commercial community comprising social housing, which was transformed from the Olympic Athletes’ Village, to learn about sustainable urban development.

     

    While meeting a renowned urban planner, IAE Paris Sorbonne Business School Associate Professor Carlos Moreno, Ms Ho shared her vision and thoughts on sustainable urban planning and design.

     

    Prof Moreno put forward the urban planning concept of the “15-minute city”, which aims to enable residents in a community to meet their daily needs for food, clothing, housing and transport within a 15-minute walking or cycling distance and enhance environmental sustainability.

     

    Ms Ho pointed out that this coincides with the planning concept of the Housing Authority’s new public housing estates and cited Queen’s Hill Estate as an example, demonstrating the planning of a resident-oriented, self-sufficient community that embraces cultural heritage and blends with nature to create a sustainable community. Prof Moreno expressed his wish to have the opportunity to visit Hong Kong in the future.

     

    In the evening, Ms Ho met Advisor to the Mayor on housing, urban planning, architecture, land development Renaud Paque, and Director of Housing & Habitat Doan Lebel to exchange views on public housing policies and experiences on sustainable urbanisation and urban planning concepts.

     

    Concluding the trip, Ms Ho stated that this visit tied in with the Housing Bureau’s Housing•I&T initiative this year, introducing the latest developments of advanced technology companies from Hong Kong and the Mainland in the areas of construction technologies, public housing, green building, etc, as well as demonstrating to the world the application of technologies such as Modular Integrated Construction and construction robots that help enhance construction efficiency and safety.

     

    The housing chief emphasised that the Government will actively make reference to overseas experiences on decarbonisation and energy-saving technologies, and fully capitalise on Hong Kong’s unique advantages, reinforce connectivity, and play the role as a “super connector” and a “super value-adder”.

     

    “I expect that the two cities will maintain liaison and strengthen exchanges in areas such as innovative building technologies, public housing construction, green buildings, well-being communities, and enhancing the housing ladder to give new impetus to public housing construction,” Ms Ho added.

    MIL OSI Asia Pacific News –

  • MIL-OSI: VIRTUNE ACCELERATES EUROPEAN EXPANSION WITH XRP ETP DEBUT ON DEUTSCHE BÖRSE XETRA

    Source: GlobeNewswire (MIL-OSI)

    Frankfurt, 23 May 2025 – Swedish regulated crypto asset manager Virtune brings its flagship Virtune XRP ETP to Germany’s premier trading venue Deutsche Börse Xetra, extending its regulated digital asset offerings to Europe’s largest economy.

    With strong traction and consistent inflows across the Nordic region – driven by growing interest and adoption of crypto – expanding into Germany through the listing on Xetra marks a strategic milestone for Virtune. Since its inception in May 2023, Virtune has experienced rapid growth in the Nordics, listing 16 products and attracting over 140,000 investors in just two years.

    The key success factors have been Virtune’s educational focus, transparent market approach, and regulated status. This expansion not only responds to growing investor interest but also strengthens Virtune’s presence across the European market.

    Virtune XRP ETP is a 100% physically backed investment product, providing investors with secure, regulated, and easy exposure to XRP, one of the globally leading crypto assets. Virtune XRP ETP was initially listed on Nasdaq Stockholm in Sweden in July 2024 and has since attracted over 50,000 investors and more than USD 125 million in assets under management, making it the most popular ETP in Virtune’s product suite. Coinbase serves as the product’s crypto custodian, providing institutional-grade security with the underlying XRP held in cold storage.

    Virtune has actively listed ETPs on Nasdaq Stockholm, Nasdaq Helsinki, and other regulated European markets. Its goal is to provide seamless access to crypto assets through regulated ETPs, with a strong focus on transparency, education, and investor protection – ultimately driving crypto adoption among both retail and institutional investors.

    Christopher Kock, CEO of Virtune:

    “We are proud to launch our XRP ETP on Xetra and expand our footprint in Germany. XRP has long been one of the most actively traded and recognized digital assets globally, and our physically backed ETP provides a robust and secure way to gain exposure to it. This listing underscores our commitment to broadening access to crypto assets across Europe.”

    Key Product Information:

    – Exposure to XRP
    – 100% physically backed by XRP
    – 1.49% annual management fee

    Virtune XRP ETP:

    – Trading Currency: EUR
    – First Day of Trading: Friday, 23rd of May 2025
    – Xetra Exchange Ticker: VRTX
    – Bloomberg Ticker: VIRXRP
    – ISIN: SE0021486156
    – WKN: A4AKW5
    – Exchanges: Deutsche Börse Xetra, Nasdaq Stockholm, Nasdaq Helsinki

    For further inquiries, please contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Economists launch free toolkit to help thyroid sufferers stay in work Workers suffering from thyroid conditions can get help to reclaim their professional lives through a new free toolkit which provides practical advice for them and their employers.

    Source: University of Aberdeen

    Posing serious implications for the physical, mental and emotional life of those affected, thyroid conditions put patients at a greater risk of experiencing long-term sick leave and impaired working ability.

    Workers suffering from thyroid conditions can get help to reclaim their professional lives through a new free toolkit which provides practical advice for them and their employers.
    Thyroid disorders affect millions of people worldwide. In the UK, one in 20 people have a thyroid problem, with women disproportionately impacted. Posing serious implications for the physical, mental and emotional life of those affected, thyroid conditions put patients at a greater risk of experiencing long-term sick leave and impaired working ability.
    Beyond a physical and emotional toll, the conditions often come with hidden consequences for careers and workplace engagement.
    Launched to mark World Thyroid Day on May 25, the new Thyroid Workplace Toolkit is believed to be the first of its kind, supporting both employees and employers/line managers though evidence-based insights and practical resources.
    Developed by researchers at the University of Aberdeen’s Business School with input from national charity the Thyroid Trust, the toolkit is now being made openly available. A large local authority in England has already agreed to adopt it.
    “The effects of thyroid dysfunctions don’t stop at the doctor’s door, they extend into the workplace, influencing productivity, career progression and overall wellbeing. Many employees struggle silently, unsure of how to communicate their needs or seek adjustments that could help them overcome the challenges posed by the condition,” said Professor Catia Montagna of the University’s Centre for Labour Market Research.
    “Our toolkit is designed to bridge this gap by fostering awareness, encouraging open conversations and providing practical solutions to support those living with thyroid conditions at work.”

    We’re proud to have collaborated with the University of Aberdeen Business School and others to develop this much needed Workplace Toolkit which we believe will make a real difference to both employees and employers, as well as educational settings.” Louise Sellar, Director at The Thyroid Trust

    It is built around three objectives: to raise awareness and educate both employers and employees about how the condition can impact work performance and wellbeing; to empower open communications and help foster an environment where health conversations are welcomed and supported; and to provide a range of practical workplace adjustments that employers can implement.
    “Understanding thyroid disease and its impact on employees is essential for fostering an inclusive and supportive workplace. By offering reasonable adjustments, cultivating a culture of empathy, and promoting overall wellbeing, employers can empower individuals with thyroid conditions to thrive both personally and professionally,” added Centre director Professor Alexandros Zangelidis.
    “This toolkit aims to help with this, improving employees’ morale and engagement, reducing sick leave and enhancing productivity and performance.”
    Louise Sellar, Director at The Thyroid Trust, said: “We’re proud to have collaborated with the University of Aberdeen Business School and others to develop this much needed Workplace Toolkit which we believe will make a real difference to both employees and employers, as well as educational settings.
    “Thyroid disease is often an invisible chronic illness, and many patients struggle with feeling isolated or misunderstood. Symptoms can be easily dismissed and people often don’t know how to talk to their employer for fear of being judged or even losing their job. This leaves too many without the support they need to stay well and contribute fully at work.
    “This toolkit provides a vital bridge-helping to open up those conversations, raise awareness and empower patients to remain active, engaged and productive in the workplace. It’s a critical step forward in ensuring those living with thyroid disease are better supported at work and beyond.
    “We hope this resource encourages more understanding, compassion and flexibility – because when patients are supported properly, everyone benefits.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Topping out ceremony marks milestone for affordable homes in Marston 

    Source: City of Oxford

    A traditional topping out ceremony has marked a major milestone in the construction of 40 new affordable homes in Marston. 

    The low-carbon development will be delivered in partnership by Oxford City Council’s housing company, OX Place, and Lucy Developments.  

    Representatives from the organisations gathered this week to celebrate the reaching the highest point of development at the former paddock off Butts Lane in Old Marston.  

    An ancient tradition 

    Topping out is a long-standing tradition in the construction industry, with roots going back to Saxon times, celebrating a building reaching its highest point. In keeping with tradition, a yew tree branch, a symbol of growth and prosperity, was fixed in place at the top of Marston Paddock. 

    Affordable and sustainable homes for Oxford 

    Due for completion in Autumn 2025, Marston Paddock will offer 40 affordable homes. This includes 21 council homes let at social rent for people on the housing register and 19 shared ownership homes. 

    Social rent levels mean council tenants will typically pay around 40% of the rent a private landlord would charge for the same home. Shared ownership is a flexible option which helps a range of people onto the housing ladder in one of the UK’s most unaffordable cities.  

    The new homes have been designed to go 56% beyond national carbon reduction targets, using a fabric-first approach, air source heat pumps, and mechanical ventilation heat recovery. 

    The development promotes sustainable travel with secure cycle storage, electric vehicle charging, and a new cycle link to the A40 path. 

    Comment 

    “Topping out is a proud moment in any development and it’s brilliant to celebrate this milestone at Marston Paddock. This is a beautiful, sustainable development that will deliver 40 genuinely affordable homes for people in Oxford who need them most.” 

    Councillor Nigel Chapman, Cabinet Member for Citizen Focused Services and Council Companies 

    “OX Place is proud to be working with Lucy Developments to deliver these much-needed homes. From affordability to sustainability, Marston Paddock shows what’s possible when we build with people and the planet in mind.” 

    Kevin Lowry, Interim Managing Director, OX Place 

    “We’re proud to be partnering with OX Place on a project that demonstrates how quality, sustainability, and affordability can go hand in hand. Reaching this milestone at Marston Paddock is a testament to the shared commitment of our teams to deliver homes that will have a lasting positive impact on the community and environment.” 

    Greg Hilton, Head of Lucy Developments 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Dan Cohen becomes the 131st Lord Mayor of Leeds

    Source: City of Leeds

    Councillor Dan Cohen became the new Lord Mayor of Leeds yesterday, following Leeds City Council’s annual general meeting.

    Taking over the role from Councillor Abigail Marshall Katung, Councillor Cohen is the 131st Lord Mayor of Leeds. He will be joined in his mayoral year by his wife, Mrs Elayna Cohen, who will take on the role of Lady Mayoress.

    Above: Councillor Dan Cohen (centre right) with the former Lord Mayor, Abigail Marshall Katung (centre left), the Leader of Leeds City Council, Councillor James Lewis (right), and the political group leaders following yesterday’s ceremony. 

    Born in Alwoodley, Councillor Cohen attended Leeds Grammar School before reading law at Northumbria University. Graduating in 1996 and after training as a solicitor, Councillor Cohen spent most of his working career as managing director and head of in-house legal at Madison Hosiery; a leading Leeds small and medium enterprise importing and distributing hosiery to the country’s major retailers, a family business started by his father Henry Cohen in the 1960’s.

    Councillor Cohen was elected to Leeds City Council for the Alwoodley ward in May 2011 and has since built a reputation as an effective and dynamic ward councillor, together with chairing the council’s Children and Families Scrutiny Board.

    Above: The new Lord Mayor of Leeds, Councillor Dan Cohen. 

    Alongside his council role, Councillor Cohen is also head of in-house legal at The Cohen Foundation, Chair of Governors at Leeds Jewish Free School, which he helped found in 2013, together with being a governor at Brodetsky Primary School, Highfield Primary School, and Allerton High School.

    As is traditional for a new Lord Mayor of Leeds, Councillor Cohen has nominated a charity to represent during his term of office and has chosen Leeds Mencap.

    Leeds Mencap is a local, independent charity supporting children and young people with learning disabilities, autism and other additional needs to feel valued, supported and equipped to thrive.

    Rabbi Anthony Gilbert has kindly agreed to act as the Lord Mayor’s chaplain during his year of office.

    Above: The new Lord Mayor of Leeds, Councillor Dan Cohen.

    The Lord Mayor of Leeds, Councillor Dan Cohen, said: “I am honoured and hugely humbled to become the 131st Lord Mayor of Leeds, especially as we move into our city’s 400th birthday year.”

    “As a Leeds boy, it means the world to be able to serve my city in this way. Leeds is an amazing, vibrant, diverse, and dynamic city, and its citizens reflect all those qualities in bucketfuls. It’s an opportunity of a lifetime to have this chance to serve my home city as its Lord Mayor.

    “It is also an honour to be representing such a worthwhile charity as Leeds Mencap throughout my mayoral year. I will do all I can throughout my tenure to raise the profile and much-needed funds for this fantastic organisation.”

    Above: The Lord Mayor of Leeds, Councillor Dan Cohen and the Lady Mayoress, Elayna Cohen. 

    The new Lady Mayoress, Elayna Cohen, said: “I’m very honoured to become Lady Mayoress and I’m really looking forward to supporting Dan in his Mayoral duties throughout the coming year.

    “It will be such an honour to meet so many people, doing fantastic work for our city and the community, and to have the opportunity to thank and recognise everyone for all they do to make our city the very best place to live in the UK.”

    MIL OSI United Kingdom –