NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: European Union

  • MIL-OSI: ING posts 1Q2025 net result of €1,455 million, with strong growth in customer balances and fee income

    Source: GlobeNewswire (MIL-OSI)

    ING posts 1Q2025 net result of €1,455 million, with strong growth in customer balances and fee income

     
    1Q2025 profit before tax of €2,124 million with a CET1 ratio of 13.6%
    • Strong increase in fee income, driven especially by an increase in investment products
    • Total income was resilient, supported by an excellent growth in deposits and a continued increase in mortgage volumes, as well as strong results in Financial Markets
    • Operating expenses excluding regulatory costs slightly lower quarter-on-quarter
    • We continue to move our capital towards our target level and announce a €2.0 billion share buyback
     

    CEO statement
    “While the geopolitical and macroeconomic circumstances remain uncertain, we believe there is an opportunity for Europe to collectively drive competitiveness and resilience through simplification of regulations and investments in infrastructure, technology and defence,” said Steven van Rijswijk, CEO of ING Group. “As one of the largest and most geographically diversified European banks, we are well-positioned to play a key role in supporting this growth while navigating volatility. During these times, we are staying particularly close to our clients to understand their concerns and banking needs. Our scale, strong performance and robust capital ratios enable us to provide our customers with the support required to manage uncertainties, mitigate risks and capture opportunities.

    “During the first quarter of 2025, we have delivered continued commercial growth, driven by excellent growth in deposits and higher mortgage volumes. Total income has increased, supported by resilient commercial net interest income and a strong increase in fee income. Expenses have decreased slightly quarter-on-quarter and the increase year-on-year was in line with our guidance, reflecting the impact of inflation and client acquisition expenses. Risk costs were €313 million and below our through-the-cycle-average, reflecting the quality of our loan portfolio.

    “In Retail Banking, our mobile primary customer base has grown by 174,000 customers this quarter, mainly attributable to Germany, the Netherlands, Spain and Poland. We have attracted €17 billion in retail core deposits, primarily in Germany. And we have increased core lending by €9 billion, of which €6 billion is in residential mortgages, particularly in the Netherlands and Germany, and nearly €2 billion in Business Banking. Across our markets, we have seen 125,000 mortgage applications during this quarter, up 20% year-on-year. Retail fee income has risen 18% year-on-year, primarily driven by growth in the number of investment product customers, higher assets under management and an increase in customer trading activity.

    “In Wholesale Banking, total income was stable, with strong results in Financial Markets as we have supported our clients during the turbulent market conditions. This turbulence has also led to muted lending volumes. Fee income in Wholesale Banking has increased quarter-on-quarter, mainly driven by higher fees from Global Capital Markets and Trade Finance. Moreover, we have continued to invest in front office growth, our digital customer experience and the scalability of our systems.

    “We continue to support clients in their sustainability transition by launching innovative services or by entering into partnerships. In Wholesale Banking, we have increased sustainable volume mobilised to €30 billion, a 23% increase versus last year. In Spain, we have launched a service that helps retail customers get insights into their CO2e emissions and provides tips on how to reduce their environmental footprint. In Australia, ING has become the first bank to participate in a new digital energy ratings programme that provides our customers with free energy ratings of their homes and identifies potential sustainability improvements.

    “We continue to converge our CET1 ratio to our target level while taking the ongoing geopolitical and macroeconomic uncertainty into account. In that light, today we announce a share buyback programme of €2.0 billion.

    “We’re pleased with our first-quarter performance and are confident in our ability to deliver value to our stakeholders in the current macroeconomic turbulence. We are well on track to meet our 2027 targets and I would like to thank our employees across the world for their contributions to these strong results and their commitment to serving our customers.”

     
    Further information
    All publications related to ING’s 1Q 2025 results can be found at the quarterly results page on ING.com. For more on investor information, go to www.ing.com/investors.

    A short ING ON AIR video with CEO Steven van Rijswijk discussing our 1Q 2025 results is available on Youtube.
    For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news feed on X. Photos of ING operations, buildings and its executives are available for download at Flickr.

     
    Investor conference call and webcast
    Steven van Rijswijk, Tanate Phutrakul and Ljiljana Čortan will discuss the results in an Investor conference call on 2 May 2025 at 9:00 a.m. CET. Members of the investment community can join the conference call at +31 20 708 5074 (NL), or +44 330 551 0202 (UK) (registration required via invitation) and via live audio webcast at www.ing.com.
     
    Investor enquiries
    E: investor.relations@ing.com

    Press enquiries
    T: +31 20 576 5000
    E: media.relations@ing.com

     
    ING Profile
    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell.

    Important legal information
    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2024 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) noncompliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and other ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

    Attachment

    • Full ING 1Q2025 Results Press Release (PDF)

    The MIL Network –

    May 2, 2025
  • MIL-OSI United Kingdom: Greens on course for “record-breaking” night as early results come in

    Source: Green Party of England and Wales

    2 May 2025 by Green Party

    Responding to early results from the night’s local and regional elections, Green Co-Leader and Bristol Central MP Carla Denyer said: 

    “It has been a good night for us in the West of England where we saw a race that was wide open.”  

    “The West of England result builds on Greens being elected to lead Bristol City Council, voters electing me as their first Green MP in the city, and major breakthroughs in local elections around the region in recent years. 

    “I’m pleased how well Greens did in this mayor contest. This result offers a great platform for more Green electoral success in the coming years – including at Westminster.” 

    “In Lambeth and Norwich early results suggest we are gaining councillors and are on course for yet another record-breaking night where we will increase the number of Green councillors serving their communities.

    “Five-party politics in England is the new norm, it’s here to stay, and Greens are only just getting started.”

    MIL OSI United Kingdom –

    May 2, 2025
  • MIL-OSI United Kingdom: Parking changes to Liverpool city centre approved

    Source: City of Liverpool

    Dangerous and anti-social car parking will be targeted on the streets of Liverpool City Centre thanks to a new parking regime.

    Liverpool City Council will implement significant changes to its City Centre Controlled Parking Zone (CPZ) to address growing parking demands, improve road safety, and enhance air quality. ​

    These proposals, approved by Liverpool City Council’s Highways and Spaces Representation Committee, aim to ensure the CPZ remains fit for purpose in light of the city’s evolving residential population and thriving night-time economy.

    There has been growing concerns from residents about reckless and inconsiderate parking in the city centre. This has been further highlighted recently with inconsiderate parking on Victoria Street, which has been occurring outside of existing operational hours.

    The CPZ changes will enable the Council to undertake robust enforcement over a longer time period.

    The changes that will be implemented will see the CPZ operational hours extended from 8am–6pm to 7am–11pm, Monday to Sunday. ​They will come into effect from the beginning of June.

    This change will increase enforcement on single yellow lines and parking bays, including pay-and-display and resident bays.

    The approval by the committee includes the provision that there will be a review in 12months’ time and an extra focus on safety in car parks.

    Other significant changes include:

    1. Increased Maximum Stay in Hope Street Area: ​Pay-and-display bays on Hope Street, Blackburne Place, Falkner Street, Maryland Street, and Caledonia Street will have their maximum stay increased from 2 hours to 4 hours, with no return within 1 hour. ​This adjustment supports the area’s growing night-time economy and hospitality sector. ​
    2. Shared Use Parking Bays: ​Certain loading and limited waiting bays will be converted to pay-and-display, resident, or disabled bays during evening hours. ​
    3. Revised Parking Tariffs: Parking charges will increase to align with other major UK cities, encouraging sustainable travel and reducing congestion. ​

    Extensive public consultations were conducted, including informal and statutory consultations.

    While some concerns were raised, the Council has adjusted the proposals to address feedback, particularly from local businesses. These include increasing the maximum stay in the Hope Street area to four hours and introducing shared-use bays after 6pm for disabled, resident, pay and display or single yellow lines, at a number of locations. ​

    The recent increase in parking charges saw Liverpool’s fees come into line with other similar sized cities, and is only the second rise in over a decade.

    The Council currently generates the lowest net income from parking services amongst the Core Cities, achieving £3.839m in 2023/24 compared to a Core City’s average of £10.603m.

    The Council controls just 28% of parking across the City, and, up till recently has on average charged 47% less than private sector car parks and other Core Cities for equivalent parking provision.

    The changes to the city centre’s controlled parking zone is needed as Liverpool has undergone substantial growth in recent years, including new developments, pedestrianised areas, and an expanding residential population. ​

    The rise of the night-time economy has placed significant pressure on parking availability, leading to congestion, illegal parking, and reduced access for residents and businesses. ​ The proposed changes aim to reduce congestion and improve road safety. They will also enhance air quality and promote sustainable travel, while ensuring better turnover of parking spaces for residents, businesses, and visitors. ​ ​

    MIL OSI United Kingdom –

    May 2, 2025
  • MIL-Evening Report: Keith Rankin Analysis – The Great World War 1914-1945: Germany, Russia, Ukraine

    Analysis by Keith Rankin.

    Keith Rankin, trained as an economic historian, is a retired lecturer in Economics and Statistics. He lives in Auckland, New Zealand.

    On Anzac Day we remembered World War One and World War Two, or at least the peripheral little bits of those imperial wars that New Zealand was involved in. There was and is little context given to how New Zealand got involved with such far-away wars which need never have become world wars. There were the usual cliches about ‘our’ young men, invading the Ottoman Empire, somehow fighting for freedom and democracy; and, through making ‘supreme sacrifices’, establishing the invaders’ national identities. There was very little context about what these anti-German and anti-Japanese wars were really about, and on why we thought anybody could possibly benefit from Aotearoa New Zealand contributing in its own small way to their escalation.

    The Great World War 1914-1945

    If we step back, we can see that there was really only one very big war; best dubbed as The Great World War 1914-1945 (the GWW, which itself morphed into another in 1945, The Cold War 1945-1990).

    The Great World War is really the 1914 to 1945 Russo-German War, embedded in a wider state of conflict that might be called The Great Imperial War.

    The subsequent Cold War, essentially the ‘great hegemonic war’, reframed world war; from 1945 it was between the United States imperium and the Communist powers of Russia and China; it was a ‘proxy war’ rather than a passive-aggressive ‘cold war’. The years 1991 to 2021 may prove to have been an intermission, just as 1919 to 1939 was an intermission in the Great World War; and noting that, in the GWW, Russia and Germany became ‘Communist’ and ‘Nazi’ during that intermission. The most important early ‘hot’ conflict in the Cold War was the Korean War, a deadly proxy conflict – at its core between the ‘Anti-Communist’ United States and ‘Communist’ China – ending as a ‘score-draw’; an armistice in 1953 which took the hostile parties back to an almost identical position as to where they started in 1950. For the second phase of the Great Hegemonic War, the ‘Communist’ factor was waned; the prevailing ideology in the west in 2025 is a distorted form of self-congratulatory ‘democratic imperialism’, not unlike the prevailing ideology in the west in 1914.

    By looking at 1914 to 1945 in this way, as a single albeit complex conflict, we can more easily see that the essence of the struggle was a conflict between the waxing German and Russian Empires; and that the central prizes of that conflict were the Russian imperial territories of Ukraine and the Caucasus, and the waning Ottoman Empire: food, oil and sea-access in the strategic pivot of central Eurasia.

    All (except one) of the world’s ‘great’ empires of the early twentieth century became involved: the waxing empires of Germany, Russia, Japan, and the United States of America; and the waning empires of United Kingdom, France, Ottoman Türkiye, Austria-Hungary and Netherlands. And the would-be empire of Italy. (The exception was the empire of Portugal, a neutral party; in 1898 the United States had acquired Spain’s remnant empire.)

    The Result of the Great World War

    Wikipedia has page entries for every war ever fought in reality or mythology. And the Wikipedia format likes to give a binary result, as if a war was a series of football matches with a grand finale. Winners and losers. It’s not like that in reality: most wars formally end in an armistice; albeit an armistice in which one party – one nation or coalition of nations – has an advantage and is largely able to dictate terms.

    The core war within the Great World War was the Russo-German War, which ended in 1945 with a victory to Russia; then Rusia was the imperium of the ‘Communist’ Soviet Union. The victor of the wider Great Imperial War was the United States; Imperator Americanus inherited a beaten-up world, much as Emperor Augustus inherited the Roman Empire in 27 BCE after about two decades of strife between warring would-be overlords.

    The Great World War began in 1914, essentially as the Third Balkan War. The reasons this local war expanded from a part of the world politically and geographically distant from the British Empire – the empire of which New Zealand understood itself to be an integral part – related to a contested set of quasi-scientific socio-economic and supremacist utopias (which will only be addressed here in passing), and to a basic reality that an expansionist western ‘civilisation’ was confronting diminished returns.

    Possibly the most important and least understood year of the whole GWW was 1918. The context here is that Russia – Germany’s new great foe, the Russian Empire – had been defeated late in 1917, following both a successful democratic revolution (the February Revolution) and a German-facilitated ‘Communist’ ‘Bolshevik’ coup d’etat (the October Revolution). The formality of Russian defeat – the Brest-Litovsk Treaty – was signed by Leon Trotsky in March 1918. The problem for Germany was that there was still an unresolved western front, there was a British naval blockade of Germany, and that the United States had been persuaded in 1917 to enter the war as an Entente  power. Nevertheless, in March 1918, the Germans were winning on the western front having already settled the more-important eastern front; but Germany had no thought-through exit strategy. They were in no position to occupy Belgium, let alone France.

    After the trench warfare stalemate that had characterised the western front for more than three years, it was Germany that broke through in the winter of 1917/18; indeed, Germany advanced to just-about big-gun-firing distance from Paris. The western powers were in a state of panic, as Germany redeployed soldiers from the eastern front to the west.

    The United States had entered the war in France, but their soldiers were green and initially of little help against battle-hardened Germans. But the American soldiers, without realising the significance, had brought with them a secret weapon, influenza. (The deadly strain of influenza in 1918 – popularly known as the Spanish Flu – was almost certainly a hybrid of the Kansas strain and an Asian strain already in France.) The tide of the war only turned against Germany in August 1918, mainly due to economic limitations but also due in some part to soldiers getting very sick. The sickness had a bigger military impact on Germany, given that Germany’s soldiers (including one A. Hitler) were more hardened fighters than the Americans.

    Germany went from winners to losers only in the last three months, from August to November 1918; it was like a basketball game in which defeat was snatched from the jaws of victory (or vice versa, from a western viewpoint!). But they were never losers in the absolute sense that they later were, in 1945. On 11 November 1918, Germany settled for an armistice in which they were on the back foot. It was not an absolute defeat, and should never have been seen as such. Nevertheless, that sensible armistice came to be treated by the Entente Powers (especially France, the United Kingdom and the United States) as an absolute victory; Germany, victor over Russia, was subsequently treated with great and unnecessary humiliation, creating the seeds for a resumption of the Great World War. Part of that humiliation was the stripping of the territories in the incipient Soviet Union that had been won by Germany (especially the loss of Ukraine); another important part was the imposition of a ‘Polish Corridor’, through Eastern Germany to the Baltic Sea at the then-German city of Danzig, physically dividing Germany.

    A third humiliation was a set of reparations that were imposed using similar mercantilist logic to that which is upsetting the world economic order today; Germany was supposed to pay France in particular huge amounts of gold, but the only way Germany could acquire that gold was for Germany to run a trade surplus and for the Entente Powers to run trade deficits. But the ‘victorious’ powers wanted to run trade surpluses, not trade deficits; they wanted Germany to increase its debt to the west while claiming that they wanted Germany to pay off its debt to the west.

    (Today, the United States wants its Treasury to accumulate treasure in the same way that it and France sought to do in the 1920s, not realising that the countries they want to extract ‘modern treasure’ from – China and the European Union – can only get that treasure if they run trade surpluses. The great ‘modern treasure’ mine is actually in Washington, not in Eurasia.)

    One result of all this mercantilism imposed upon the 1920s’ world order by the liberal Entente powers was the Great Depression; that was probably the number-one catalyst towards the resumption of the Great World War in 1939 and the Russo-German War in 1941. This ‘liberal mercantilism’ was the first of the pseudo-scientific utopias to fail. Other aggravating factors were the intensification of the contradictions of the other two ‘scientific utopias’: the unachievable ‘Communist’ experiment in Russia, and the exacerbation of the supremacist eugenics which was widely subscribed to throughout Europe and which reached their apotheosis in Hitler’s Germany.

    A defeated Russia played no part in the formal hostilities of the GWW in 1918. Likewise, when the Great World War resumed in 1939, Russia appeared to be on the sideline; though that’s another story. The true nature of the resumed GWW – known as World War Two in the west – became apparent in June 1941. The war continued for nearly four terrible years, with Soviet Russia prevailing over Nazi Germany in 1945, with some help from the western powers. Russia will celebrate Victory Day in a few days on 9 May; the end of the Russo-German War, though the Great World War continued until 15 August of that year. As regards the result of the Russo-German War, the western Entente powers were kingmakers rather than kings.

    Overall, freedom and democracy were casualties of the GWW, not outcomes. By 1950, there were many more unfree people in the world, and few (India notwithstanding) who were more free than they had been in 1913. Indians’ post-GWW freedoms came at a huge cost in damaged and lost lives. And they were freedoms from Britain, not freedoms fought for by Britain.

    Ukraine

    Chief among the territories won-and-lost by Germany was Ukraine. Considered in its entirety, Ukraine was the number-one prize and the number-one battleground of the Great World War.

    The territory of Ukraine had been occupied by Germany for five years: 1918, and 1941 to 1944. In 1918, Germany lost Ukraine because of events on the western front; in 1945 the Soviet Union recovered Ukraine on the battlefield. Soviet Russia was helped by three imperial nations throughout the active phases of the GWW; by the British, the French, and the Americans. Otherwise, Germany – the Prussian Empire – would have almost certainly prevailed in its quest for Ukraine, and the oilfields around the Caspian Sea (and possibly the so-called ‘Middle East’, though that may have been permanently lost to Germany in 1918).

    With Ukraine once again being centre-stage in geopolitics – the contested ground between conflicting quasi-academic narratives – the world may be set for a resumption of both the Cold War (especially in its mercantilist Sino-American guise) and the Russo-German war. Together, these have the makings of ‘World War Three’; especially if we add in the Levantine conflict, the present supremacist conflict in the ‘Middle East’.

    In the geopolitics of early 2025, the ‘elephant in the room’ is Friedrich Merz, who will (eventually!) become Chancellor of Germany on 6 May. Merz is a military hawk, who has already shown all the signs that he would like to take the Ukraine War to Russia (ref. Berlin Briefing, DW, 24 April 2015), and elite public opinion in Germany seems to be staunchly ‘pro-Ukraine’. In the event of a new global Great Depression – or the Geoeconomic Chaos Crisis that seems to be starting – could Merz become the new Führer, a ‘willing’ militarist leader of the Fourth Reich? At age 69 he’s a young man compared to Donald Trump, and he looks to be fighting fit. Germany has many of the same issues today that it had in 1910 and in 1930; a people seeking to re-flex their nationalist muscles while severely constrained, within their German and EU boundaries, in terms of natural resources. Will Merz try to shore up (and militarize) the flagging European Union, much as Trump has been trying (unsuccessfully to be sure) to unite the whole of the Americas under his triumphalist banner? (Q. How do you get to run a small superpower? A. Get yourself a large superpower, and wait.) The battle for Ukraine may have a while to run yet; possibly as a European ‘civil’ war, a new Russo-German War.

    Anzac Day

    My sense is that if there’s one thing that Aotearoa’s post-2023 leadership are even more attracted to than fiscal austerity, then that’s a good geopolitical scrap. We start to see war as glorious rather than ugly. We bring out all the false clichés and narratives, we extoll the likes of Winston Churchill, we self-suppress the inconvenient truth that war is a nasty, nasty, nasty business; indeed, we self-suppress this truth even when we see war’s brutality – or could see it if we choose to watch Freeview Channel 20 – unfolding every day.

    Now that the 80th anniversary of the Great World War has nearly passed, Anzac Day risks becoming a day of martial geo-nationalism, and not a day of remembrance.

    Anzac Day has already become a day of highly selective remembrance; probably it always was. I visited Würzburg (the German firebombed city that suffered more than any other on a per capita basis) in 1974, and I visited West and East Berlin (via Checkpoint Charlie) that same year. I visited Arras in 1975, near to where my father’s first cousin died in November 1918. I visited Derry and Belfast in 1976, cities in a then-active civil war zone. I visited the magnificently-sited Khartoum in 1978, now the capital-centre of the world’s most complicit and under-narrated tragedy. I visited Cassino in 1984, the 40th anniversary of the battles that pointlessly took so many lives, including Kiwi lives such as that of my mother’s first cousin. I visited Dandong and Seoul in 2008, gaining a first-hand insight into the Korean War, including a walk on the American-destroyed bridge and an oversight of the North Korean city of Sinuiju. (And I visited Port Arthur – Lüshun – key site and sight of the Russia-Japan War of 1905, with its natural harbour and its extant Russian train station.)

    And in 2014, on the day after Anzac Day, I visited Nagasaki, site of the first plutonium bomb ever dropped over a city; and, that same month, I visited Ginza and Asakusa in Tokyo, rebuilt sites of the worst example every of a conventional fire holocaust; 100,000 mostly civilian deaths in one March night eighty years ago. (I was also lucky to get to walk through unbombed streets to the northwest of Ueno Park, getting a sense of what the neighbourhoods of Asakusa were once like.)

    Lest we forget. Mostly, we have forgotten. (Including the worst of The Holocaust. Who commemorates Treblinka today? Or Minsk? Only Poland and Russia and Belarus.)

    Our amnesia extends to one place New Zealanders fought in. This week Al Jazeera has done a series of news vignettes and a longer documentary, to remember the fiftieth anniversary of the end of the Vietnam War. This anniversary has not been prominent in New Zealand’s Anzac Day media-scape. (RNZ did run a Reuters-syndicated website-only story on 30 April: Vietnamese celebrate 50 years since end of Vietnam War. And, to its credit, TV3 News ran an overseas-sourced story yesterday, not a story about New Zealand’s largely-forgotten participation.) By-and-large, the still-living anti-Vietnam-War generation is now silent, apparently forgetful.

    When martial narratives are not sufficiently contested, then wars – big wars – happen, almost by accident. That’s how the Great World War began in the first place.

    *******

    Keith Rankin (keith at rankin dot nz), trained as an economic historian, is a retired lecturer in Economics and Statistics. He lives in Auckland, New Zealand.

    MIL OSI Analysis – EveningReport.nz –

    May 2, 2025
  • MIL-Evening Report: New Zealand condemned for failing to make ICJ humanitarian case over Gaza genocide

    Asia Pacific Report

    The advocacy group Palestine Solidarity Network Aotearoa has condemned the New Zealand government fpr failing to make a humanitarian submission to the International Court of Justice (ICJ) hearings at The Hague this week into Israel blocking vital supplies entering Gaza.

    The ICJ’s ongoing investigation into Israeli genocide in the besieged enclave is now considering the illegality of Israel cutting off all food, water, fuel, medicine and other essential aid entering Gaza since early March.

    Forty three countries and organisations have been submitting this week — including the small Pacific country Vanuatu (pop. 328,000) — but New Zealand is not on the list for making a submission.

    Only Israel’s main backer, United States, and Hungary have argued in support of Tel Aviv while other nations have been highly critical.

    “If even small countries, such as Vanuatu, can commit their meagre resources to go to make a case to the ICJ, then surely our government can at the very least do the same,” said PSNA national co-chair Maher Nazzal.

    He said in a statement that the New Zealand government had gone “completely silent” on Israeli atrocities in Gaza.

    “A year ago, the Prime Minister and Foreign Minister were making statements about how Israel must comply with international law,” Nazzal said

    NZ ‘avoided blaming Israel’
    “They carefully avoided blaming Israel for doing anything wrong, but they issued strong warnings, such as telling Israel that it should not attack the city of Rafah.

    “Israel then bombed Rafah flat. The New Zealand response was to go completely silent.

    Nazzal said Israeli ministers were quite open about driving Palestinians out of Gaza, so Israel could build Israeli settlements there.

    PSNA co-chair Maher Nazzal  . . . New Zealand response on Gaza is to “go completely silent”. Image: Asia Pacific Report

    “And they are just as open about using starvation as a weapon,” he added.

    “Our government says and does nothing. Prime Minister Christopher Luxon had nothing to say about Gaza when he met British Prime Minister Keir Stamer in London earlier in the month.

    “Yet Israel is perpetuating the holocaust of the 21st century under the noses of both Prime Ministers.”

    Nazzal said that it was “deeply disappointing” that a nation which had so proudly invoked its history of standing against apartheid and of championing nuclear disarmament, yet chose to “not even appear on the sidelines” of the ICJ’s legal considerations.


    ICJ examines Israel’s obligations in Occupied Palestine.  Video: Middle East Eye

    “New Zealand cannot claim to stand for a rules-based international order while selectively avoiding the rules when it comes to Palestine,” Nazzal said.

    “We want the New Zealand government to urgently explain to the public its absence from the ICJ hearings.

    “We need it to commit to participating in all future international legal processes to uphold Palestinian rights, and fulfil its ICJ obligations to impose sanctions on Israel to force its withdrawal from the Palestinian Occupied Territory.”

    MIL OSI Analysis – EveningReport.nz –

    May 2, 2025
  • MIL-Evening Report: This NZ law aims to give people with criminal convictions a ‘clean slate’. It’s not working

    Source: The Conversation (Au and NZ) – By Alexander Plum, Senior Research Fellow, Auckland University of Technology

    Andrey_Popov/Shutterstock

    If you own a business, would you be willing to hire a person who has been convicted for a crime? Give them a chance when a background check shows they have a criminal record?

    The answers matter for both individuals and communities. For people who have paid their debt to society, rejoining it can hinge on getting a second chance without being judged on their past.

    It is not something they can really hide. Employers often conduct criminal background checks as part of the hiring process. People with criminal records face high levels of stigmatisation, making it harder to reenter their communities and make money legally.

    The thorny question of what to do with people with convictions when it comes to employment has been considered by policymakers and justice campaigners around the world.

    In the United States, more than 27 states have introduced “Ban the Box” legislation. While each law is unique, by and large they have eliminated the requirement to provide criminal background information in job applications.

    And a number of countries, including New Zealand, have implemented clean slate initiatives which help conceal criminal records for people who meet certain criteria.

    Our new research looks at whether New Zealand’s clean slate scheme increases the job prospects for eligible people.

    The clean slate reform was introduced as the Criminal Records Act in 2004. People who were previously convicted of minor offences can now have their criminal records automatically concealed if they can maintain a conviction-free record for seven years after their last sentence.

    The regulation excludes people who were involved in a serious offence (such as sexual misconduct) or who received a particularly punitive sentence (such as incarceration or an indefinite disqualification from driving).

    The Criminal Records Act allows eligible people with a conviction to wipe their slate clean seven years after their last sentencing.
    Shutterstock

    Clean slate and the labour market

    Our research started with the Integrated Data Infrastructure (IDI), hosted by Statistics New Zealand (StatsNZ). This is a repository of records provided by different public and private agencies, including court charge data from the Ministry of Justice and tax records from Inland Revenue.

    StatsNZ uses specific characteristics of individuals (such as name and birth date) to identify them across the different datasets. This enables researchers to track the same individual’s data footprint across different administrative records.

    We used court charges data on all men convicted between 1992 and 2003 who had fulfilled the clean slate eligibility criteria. We then linked this pool of people with their Inland Revenue records to measure their employment and earnings.

    To identify the labour market impact of the clean slate policy, we compared the employment and earnings of those who completed their seven-year rehabilitation period (the treatment group) with individuals who become eligible some time later (control group).

    Limited benefits of clean slate scheme

    Our analysis found the clean slate scheme has no relevant impact on the likelihood of eligible individuals finding work. This could result from the length of time required between sentencing and being eligible for a clean slate. Seven years could simply be too long.

    But the clean slate scheme did create at least a 2% increase in eligible workers’ monthly wages and salaries – equivalent to a NZ$100 hike for an individual with an average monthly salary of $5,000.

    The increase in monthly earnings appears to be greater for workers with a stronger commitment to working and for those who remain with one company for longer periods.

    Global patterns

    The labour market effects of concealing past convictions have also been explored in the US. Recent research looked at a policy enacted in Maryland, New Jersey, Pennsylvania and Bexar County, Texas. Mirroring our own results, the authors do not find any relevant impact on gaining employment.

    Our findings indicate the concealment of past convictions through New Zealand’s clean slate scheme might happen too late to make a huge difference. But there are changes that can be made to improve work outcomes for people who have completed their sentences.

    This could include following the example of countries such as Finland, where access to criminal histories is much more restricted. In Finland, the background check has to be directly relevant to the job requirements. For example, the law allows checks for someone applying to work in the financial sector who was convicted of fraud.

    There would also be benefits from looking at the eligibility criteria for New Zealand’s clean slate scheme.

    Currently, it only applies to people who committed a minor offence. But policymakers should consider whether it makes sense to expand the policy to people who committed more serious crimes but managed to turn their life around. Making this change would allow people to reap the benefits of working without stigma.

    All that said, the government’s current “tough on crime” stance makes change unlikely, with a focus on the cost of crime rather than what happens after punishment has been completed.

    Kabir Dasgupta is affiliated with the Federal Reserve Board. The opinions expressed in this article does not reflect the views of the the Federal Reserve Board or the Federal Reserve System.

    Alexander Plum does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. This NZ law aims to give people with criminal convictions a ‘clean slate’. It’s not working – https://theconversation.com/this-nz-law-aims-to-give-people-with-criminal-convictions-a-clean-slate-its-not-working-254687

    MIL OSI Analysis – EveningReport.nz –

    May 2, 2025
  • MIL-Evening Report: Unexpected humour and reflections on a complex past: my top 5 films from the 2025 German Film Festival

    Source: The Conversation (Au and NZ) – By Claudia Sandberg, Senior Lecturer, Technology in Culture and Society, The University of Melbourne

    Foreign audiences often associate German cinema with tragedy, trauma and death. Certainly, major historical events such as the second world war and the Fall of the Berlin Wall — cornerstones of German film — are present in this year’s selection at the 2025 German Film Festival.

    Alongside these themes is a variety of contemporary topics, innovative fictional formats and strong documentary work. The increased presence of women in directing and producing roles also brings female experiences sharply into focus.

    Here are my highlights from this year’s programme.

    Riefenstahl (2024)

    Leni Riefenstahl (1902–2003), Hitler’s favourite filmmaker, has been a subject of controversy for decades – explored in documentaries such as The Wonderful Horrible Life of Leni Riefenstahl (1993).

    Now, with access to new material from Riefenstahls’ private archive, director Andres Veiel and journalist Sandra Maischberger cast a fresh eye over this complex figure.

    Using extensive visual materials, they trace Riefenstahl’s journey from dancer to actress, to filmmaker and photographer – capturing everything from her pioneering cinematic techniques to her entanglement with political power and personal vanity. And they are not afraid to confront uncomfortable aspects of her past.

    Her claim to have endured an unwanted romantic pursuit by Nazi minister of propaganda Joseph Goebbels (first made in her 1987 memoir) appears in new light as an older Riefenstahl faces questioning from aggressive TV interviewers. She unflinchingly and fiercely maintains her version of events.

    Is Leni Riefenstahl a creative genius, a political victim, or an ignorant perpetrator? This film invites audiences to grapple with this old question anew — and perhaps come to their own conclusion.

    Montages depict Riefenstahl’s life from youth to old age, culminating in an image of an elderly lady who, even late in life, manipulates camera angles and lighting to ensure a more flattering appearance.

    Two to One (2024)

    Some German films such as Balloon (2018) or The Last Execution (2022) have a tendency to explore East Germans as either victims of oppression, or complicit with the regime of the German Democratic Republic.

    But there are also films that rebel against such simplification – such as Beauty and Decay (2019), Dear Thomas (2021) and Someday We’ll Tell Each Other Everything (2023) – to powerfully present the many dimensions of former East Germany and its people.

    Among them is Two to One, a thoughtful picture by director Nadja Brunckhorst, which fluctuates between thriller, comedy and melodrama. Based on a true story, this film remembers the delirious time between the Fall of the Berlin Wall and Reunification.

    It is July 1990, and just days after the deadline for exchanging East German marks to more valued West German marks at the exchange rate of 2:1. This halved the life savings of many East Germans.

    We follow a Hausgemeinschaft (community of renters) who discover millions of East German mark bills in an underground bunker. They cleverly use the more privileged members of their old and new worlds – sleek Western sales representatives and former East German diplomats – to transform the worthless bills into West mark and buy goods for everyone.

    Two to One stars Ronald Zehrfeld (also in the festival opener Long Story Short), Sandra Hueller and Peter Kurth in top form.

    Dying (2024)

    As a contender in the 2024 Berlin Film Festival (where it won best screenplay), and winner of the 2024 German Film Award, Dying comes highly recommended.

    Versatile German actor Lars Eidinger is cast as Tom, a youth orchestra conductor trying to pull off his best friend’s composition “Dying”. Not only does the performance never please the composer, his private world is also a mess.

    Tom is raising someone else’s child. His father (Hans-Uwe Bauer) suffers dementia. His sister Ellen (Lilith Stangenberg) can’t keep up with the expectations of their estranged parents. And his mother’s (Corinna Harfouch) thinly veiled contempt for her own son is visible in a breathtaking scene involving the seemingly innocent ritual of coffee and cake.

    But despite its weighty subject matter, humour appears in the most unexpected places.

    There is Ellen’s affair with her boss, a dentist, who ends up drunk in a bar — where she pulls one of his teeth. There is also the quietly absurd scene of her ageing parents trying to drive home from the supermarket: one nearly blind, the other unable to remember where they live.

    A film that uses absurdity and tenderness to break through emotional tension with surprising charm, Dying is a must see.

    I Want It All (2025)

    Singer and actress Hildegard Knef would have turned 100 this year.

    Knef was one of the most prominent and daring post-WWII West German female artists. Driven from a young age to become successful, she began her career in the 1946 rubble film, The Murderers Are Among Us.

    In her 2025 documentary I Want It All, director Luzia Schmidt captures Knef in rehearsals, at home, in the recording studio and through press photos. The film is a vivid portrait of an unapologetic woman constantly under scrutiny, as the German public seemed entitled to access every corner of her life.

    Knef comes across as sharp but self-aware. The artist discusses her stage fright and the art of holding an audience’s attention. Her candid remarks about undergoing plastic surgery, as a female artist navigating the ruthless entertainment industry, remain just as relevant today.

    Arguably the greatest assets of the film are the reflective comments from Knef’s daughter, Tinta, who speaks with empathy and kindness about her mother’s ambition and vulnerabilities.

    I Want It All is a treat for anyone who is familiar with Knef, and for those who want to know more about this grand dame of German culture.

    Cicadas (2025)

    An idyllic countryside in summer: a paradise retreat for some, and a prison for others.

    Isabell is the daughter of an architect, who is paralysed by a stroke. His beautifully designed house is in disrepair and no one can pay for it, but Isabell can’t get him to sell it. Meanwhile, Isabell’s marriage to her needy French husband Philippe is strained by a shared trauma.

    Anja, a single mum to young Greta, navigates a fragile existence. In a region with weak infrastructure, she moves between low-paying jobs, barely making ends meet.

    When the two women meet, their bond forms cautiously. Both are shaped by differences in class, age and life experience, yet there is a connection that bridges these divides.

    Carried by compelling performances by Saskia Rosenthal and Nina Hoss (the latter of whom had worked with director Ina Weisse in The Audition (2019)), Cicadas is a quiet drama about vulnerability and loss of control that evolves in the open landscapes of the Brandenburg region.

    Claudia Sandberg does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Unexpected humour and reflections on a complex past: my top 5 films from the 2025 German Film Festival – https://theconversation.com/unexpected-humour-and-reflections-on-a-complex-past-my-top-5-films-from-the-2025-german-film-festival-254788

    MIL OSI Analysis – EveningReport.nz –

    May 2, 2025
  • MIL-OSI Security: Rochester man going to prison for 15 years on gun and drug charges

    Source: Office of United States Attorneys

    ROCHESTER, N.Y. – U.S. Attorney Michael DiGiacomo announced today that Shawnle McClary, 49, of Rochester, NY, who was convicted of conspiracy to possess with intent to distribute, and to distribute, five kilograms or more of cocaine and 400 grams or more of fentanyl, and possession of firearms in furtherance of a drug trafficking crime, was sentenced to serve 180 months in prison by U.S. District Judge Frank P. Geraci, Jr.

    Assistant U.S. Attorney Robert A. Marangola, who handled the case, stated that between 2021 and January 17, 2024, McClary conspired with Timothy Jackson, Jr. a/k/a T a/k/a T-Rock, Gary Fuller a/k/a G, Felicia Collins a/k/a Keisha and others to sell cocaine and fentanyl. McClary regularly packaged cocaine for sale, and transported quantities of cocaine and fentanyl from a stash location at residences on Forester Street to stash and/or sale locations on Angle Street in Rochester. On January 17, 2024, law enforcement searched numerous locations in Rochester utilized by members of the conspiracy as well as McClary’s Mobile Drive residence in the Town of Greece. During the searches, approximately 805 grams of cocaine, 210 grams of fentanyl, 223 grams of cocaine, $7,682 in cash, seven loaded firearms, and drug paraphernalia were seized.

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    The sentencing is the result of an investigation by the Bureau of Alcohol, Tobacco, Firearms, and Explosives, under the direction of Special Agent-in-Charge Bryan Miller, and the Rochester Police Department, under the direction of Chief David Smith.

    # # # #

    MIL Security OSI –

    May 2, 2025
  • MIL-OSI New Zealand: Deputy PM concludes constructive visit to New Caledonia

    Source: New Zealand Government

    Deputy Prime Minister and Foreign Minister Winston Peters has concluded a constructive and positive visit to New Caledonia – New Zealand’s closest geographical neighbour.  Mr Peters met the French Minister for Overseas Territories, Manuel Valls, and the President of the Government of New Caledonia, Alcide Ponga.  “We came to listen and learn, and to demonstrate New Zealand’s support for the continuation of dialogue on New Caledonia’s institutional future, led by Minister Valls,” Mr Peters says.“These institutional discussions in Nouméa over the coming days send a positive signal to the Pacific region about the good faith efforts underway to return peace and stability to New Caledonia,” Mr Peters says.“Since last year’s crisis, New Zealand has consistently said that no matter your position on New Caledonia’s institutional future, violence is not the answer – and progress can only be made through careful, inclusive dialogue.“We wish everyone involved in the discussions in Nouméa in the coming week well. New Zealand, just like France and all our Pacific partners, wishes for a stable, secure, prosperous and cohesive New Caledonia.” When Mr Peters last visited Nouméa in December 2024, he announced a support package to help New Caledonia’s recovery. During this visit, he recommitted New Zealand, during discussions with Minister Valls and President Ponga, to support New Caledonia’s development through ongoing constructive, practical support. “New Zealand is not perfect, but we do have experience over recent decades in promoting economic development across our regions and communities,” Mr Peters says. “Economic development is the key to social cohesion. We hope there are pragmatic lessons we can share with New Caledonia, working closely with French authorities, including through Caledonian entrepreneurs gaining a deeper understanding of the Māori economy.”Mr Peters and Minister Valls also discussed regional security and foreign interference in the Pacific. “New Zealand and France are long-standing partners on Pacific security issues, including humanitarian assistance and disaster response and fisheries surveillance. We have a shared interest in ensuring that the Pacific Islands region is protected from efforts by external influences to undermine good governance and democratic decision making.” While in New Caledonia, Mr Peters also met with the Director-General of the Pacific Community (SPC), Dr Stuart Minchin. They discussed the SPC’s role in providing technical and scientific support to help drive the development of Pacific Island countries.Mr Peters also met New Zealand Defence Force personnel taking part in the military exercise Croix du Sud currently under way in New Caledonia and Wallis and Futuna, focused on humanitarian assistance and emergency response. In the exercise, NZDF staff are working alongside forces from other Pacific countries and likeminded partners – hosted by the French Armed Forces in New Caledonia. Mr Peters arrives back in New Zealand later today. 

    MIL OSI New Zealand News –

    May 2, 2025
  • MIL-OSI USA: Ricketts Pushes for European Allies to Snapback Sanctions On Iran: “Maximum Leverage”

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)

    WASHINGTON, D.C. – Today, U.S. Senator Pete Ricketts (R-NE), a senior member of the Senate Foreign Relations Committee, again urged the United Kingdom, France, and Germany, otherwise known as the E3, to trigger the snapback of U.S. sanctions on Iran. In February, Ricketts introducedbicameral legislation calling for snapback sanctions. Ricketts made the following comments:

    “There’s been a recent United Nations report confirming that Iran now possesses enough 60% enriched uranium to produce six nuclear warheads. This escalates the threat beyond the US and Israel, posing a direct risk to our allies across the Middle East and Europe,” said Ricketts. “This enrichment defies U.N. Security Council Resolution 2231, which originally codified the JCPOA. I applaud President Trump’s decisive move to reimpose maximum pressure on Iran, as well as entering into negotiations with Iran on a nuclear deal. However, the credibility and strength of these talks hinge on the United States entering with room with maximum leverage – entering the room with maximum leverage. That’s why I’ve introduced a resolution, backed by 18 of my colleagues, urging the E3 to trigger the snapback of U.N. sanctions before the October deadline.”

    [embedded content]

    Watch the video HERE

    Ricketts made the comments in a hearing of the Senate Foreign Relations Committee. The hearing considered the nominations of Charles Kushner, to be U.S. Ambassador to France, Leah Campos, to be U.S. Ambassador to the Dominican Republic, Edward Walsh, to be U.S. Ambassador to Ireland, and Joseph Popolo, to be U.S. Ambassador to the Netherlands.

    TRANSCRIPT:

    Senator Ricketts: “First of all, thank you to all of our nominees here for your willingness to serve our great nation.

    “And I want to especially thank your families because they will serve alongside you and make it possible for you to be able to serve our country.

    “So thank you very much to the families who are willing to sacrifice, along with our nominees here.

    “Mr. Kushner, I’m going to start with you because again, we’ve talked about how important the relationship with France is.

    “And you know, there’s been a recent United Nations report confirmed that Iran now possesses enough 60% enriched uranium to produce six nuclear warheads.

    “This escalates the threat beyond the US and Israel, posing a direct risk to our allies across the Middle East and Europe.

    “This enrichment defies UN Security Council Resolution 2231, which originally codified in JCPoA.

    “I applaud President Trump’s decisive move to reimpose maximum pressure on Iran, as well as entering into negotiations with Iran on a nuclear deal.

    “However, the credibility and strength of these talks hinge on the United States entering with room with maximum leverage, entering the room with maximum leverage.

    “That’s why I’ve introduced a resolution, backed by 18 of my colleagues, urging the E3 to trigger the snapback of UN sanctions before the October deadline.

    “The French have supported the snapback of sanctions, but have stated that it’s contingent on reaching a nuclear deal.

    “Mr. Kushner, do you believe that restoring UN sanctions would give President Trump a stronger hand in confronting the Iranian regime?

    Mr. Charles Kushner: “Without a doubt it would.

    “And why the French have not used that snapback to date is a mystery to me, because I would think that they would have used it. I

    “’m not sure if they don’t have the will or the desire or whatever it may be, but I will be pushing that because I think that should be exercised and it expires within months.

    “So the fact that they have that that right and have not used it is a shame.

    “I think we should be standing up and really lobbying very, very hard for them to exercise it.

    “And I think maximum sanctions is there’s very I think President Trump really has this issue and it’s not it’s either going to be negotiated, no nuclear, or it’s going to have to be an alternative of military. 

    “And I think President Trump has made that clear.

    “So I think maximum protection, maximum leverage on the Iranians. I think France and America are totally in total agreement on that.

    Senator Ricketts: “Well, Mr. Kushner, that really heartens me to hear you say that because I agree with you 100%.

    “You know, during the first Trump administration, we saw that because of those sanctions, the Trump administration was able to bring Iranian foreign reserves down from $122.5 billion to under $14 billion. 

    “And that cut off their ability to be able to fund the terrorism that we see around the world and continue to put pressure on the way the Trump administration has is important.

    “You know, my colleague here Mr. McCormick, was talking about the Indo-Pacific, and that has emerged an area of key threat from communist China.

    “And he mentioned he talked a little bit about France’s role there as well.

    “It’s home to 1.6 million French citizens live across its seven overseas territories and over 9,000,000km² of French exclusive economic zone.

    “Recognizing this, France became the first European country to adopt an Indo-Pacific strategy in 2019, and through the strategy, France participated in the freedom of navigation exercises that we’re talking about through the Taiwan Strait. 

    “But, you know, we’ve seen communist China being incredibly aggressive with their illegal, coercive, aggressive and deceptive practices in especially relating to our allies like the Philippines and Taiwan as well. 

    “I authored the Bolster Act to encourage European engagement in support of Taiwan security with one of the largest militaries in Europe and naval forces as well extending their presence to this reason, France could really play a great role. 

    “Can you talk about how can you work with France to get them to better support Taiwan and the relationship there, given its leadership, you know, France’s leadership in the Indo-Pacific?

    Mr. Charles Kushner: “I think France recognizes the same thing that America recognizes, what a what a threat China is to the world.

    “I don’t think there’s daylight between them in terms of assessing what them as their capability and their infiltration and stealing technology and all the other things and devaluing currency and robbing us on trade. 

    “So I think France and America are very aligned.

    “It’s just that France has to step up to be more aggressive, like America is now stepping up to be more aggressive.

    “And I see it as my job as a future ambassador to meet with the officials and apply that pressure, knowing that they should be more in step lock with the American policy.

    “So I’m all for your proposal, and I’m all for supporting it.

    Senator Ricketts: “Great. Well, thank you.

    Mr. Charles Kushner: “Thank you very much for being a cheerleader for it.

    Senator Ricketts: “Right. Great. Well, thank you very much, Mr. Kushner.

    “And again, I hope that once you’re confirmed as ambassador, that you’ll work with whoever is in leadership in France, whether it’s President Macron or somebody else, to remember that even though we certainly respect France as a having their own policies and you know, and wanting to have the independence from the United States that they deserve as a sovereign nation, that we work better together as a team, and that especially when we’re confronting Communist China, this is the single biggest threat that we face internationally.

    “But it’s not just a threat to the United States, it’s a threat to France and all the other freedom-loving countries in the world.

    “Because XI Jinping is a dictator who’s who’s bent on world domination.

    “And you know, for France to go a separate way from the United States would undermine our collective security.

    “So I hope you’ll, you’ll emphasize that when you get there.

    Senator Ricketts: “Thank you.”

    MIL OSI USA News –

    May 2, 2025
  • MIL-OSI Economics: US diagnostic imaging market faces tariff-driven supply chain and capital risks, reveals GlobalData

    Source: GlobalData

    US diagnostic imaging market faces tariff-driven supply chain and capital risks, reveals GlobalData

    Posted in Medical Devices

    The US diagnostic imaging (DI) market is facing growing pressure as new US tariffs raise procurement risks and threaten supply chains. With high-value systems like computed tomography (CT) and magnetic resonance imaging (MRI) heavily reliant on global production, hospitals may delay capital spending amid uncertainty. Although domestic manufacturing offers some short-term protection, extended trade tensions could disrupt pricing, planning, and access to critical imaging equipment across the country, says GlobalData, a leading data and analytics company.

    Diagnostic imaging (DI), which is one of the MedTech industry’s most capital-intensive and strategically vital segments, relies on global production networks and long procurement cycles. Even in absence of major pricing shifts, the perceived instability surrounding policy may prompt hospitals to delay purchases or reassess capital planning, making the sector susceptible to long-term impacts.

    GlobalData projects the US diagnostic imaging market to grow from $10.4 billion in 2024 to $15 billion in 2034. While domestic manufacturing may initially protect some vendors from the impact of rising tariffs, they could still face supply chain disruptions, requiring adjustments to manufacturing strategies, pricing structures, and capital expenditure planning if trade tensions continue.

    Among the leading DI companies, GE Healthcare stands out with a comparatively large US production operation. GlobalData’s MedSource supply chain database shows that 21% of GE’s 510(k)-approved DI devices are manufactured exclusively in the US, well ahead of Siemens at 12% and Philips at 9%.

    Ashley Clarke, Senior Medical Analyst at GlobalData, comments: “While a bigger domestic footprint does not make GE immune, it may reduce tariff exposure in the short-term. Devices with US-based final assembly can qualify for origin exemptions, helping maintain competitive pricing if trade volatility continues. GE may have greater pricing flexibility and margin protection, giving it a tactical advantage, but like other companies will still face challenges in raw material and parts procurement and production.”

    High-value systems like CT and MRI systems, which together account for more than 20% of the US DI market, rely heavily on global production networks. According to MedSource, Siemens’ flagship SOMATOM CT systems are primarily built in Germany and China, while GE assembles its units in Wisconsin using international components. MRI systems follow similar trends, with components like coils sourced heavily from overseas.

    Clarke continues: “The procurement planning for 2025 and beyond could face more scrutiny if pricing or access to key components becomes less certain.”

    If trade disruptions extend into next year, both manufacturers and buyers will need to adapt. Vendors with high offshore exposure, particularly those relying on China, India, or EU-based services, may face pressure to localize or diversify production supply chains. With DI systems already representing one of the largest capital expenditures in hospital tech budgets, even modest cost shifts can trigger downstream effects.

    Clarke concludes: “Providers are navigating broader cost pressures on other essential medical supplies, so even if DI equipment costs hold, there is growing incentive to delay high-cost imaging upgrades or replacements. Such delays in imaging infrastructure can limit access to timely diagnostics, raising risks for patient outcomes and placing additional strain on the already overburdened healthcare sector.”

    MIL OSI Economics –

    May 2, 2025
  • MIL-OSI Economics: US tariffs could seriously disrupt $6.1 billion EU exports of packaging and food processing machinery, says GlobalData

    Source: GlobalData

    US tariffs could seriously disrupt $6.1 billion EU exports of packaging and food processing machinery, says GlobalData

    Posted in Consumer

    On 2 April 2025, the US administration announced tariffs on all imports, which included a notable 20% tariff on exports from the European Union (EU) to the US. This decision followed the imposition of 25% tariffs on all aluminum and steel imports into the US on 12 March 2025. These policies will significantly alter growth opportunities within food processing and packaging machinery companies supplying the US market. This is because of changes in the packaging formats used to package goods in the US and changes in where automation opportunities reside, says GlobalData, a leading data and analytics company.

    GlobalData’s recent report “Industry Insights: The impact of tariffs on consumer packaged goods” reveals which CPG-relevant sectors are most affected by tariffs within specific trade relationships and how companies within these sectors will be affected. It also provides insights into consumer reactions to changes in the market caused by the imposition of tariffs.

    Rory Gopsill, Senior Consumer Analyst at GlobalData, comments: “US tariffs have the potential to alter the demand for certain types of machinery within the US beverages market. Given the significant dependence of the US on aluminum imports to meet domestic needs, a 25% tariff on steel and aluminum imports is expected to increase the cost of beverage cans.

    “Consequently, soft drink manufacturers may consider transitioning to plastic bottles as a response to the heightened costs associated with metal packaging, a possibility acknowledged by Coca-Cola’s chief executive during a call with investors in February following the tariff announcement. This could result in an increased demand for the blow moulding machines used to produce plastic bottles.”

    In 2024, 126.2 billion soft drinks sold in the US were packaged in plastic bottles, and 60.5 billion were packaged in metal cans, according to GlobalData’s Primary Packaging and Outers database. These numbers are 60.0% and 28.8% of the US soft drinks market, respectively. The US tariffs could restrict the growth of rigid metal cans and promote the growth of rigid plastic bottles. This in turn could have knock-on effects for the machinery in the production of these packaging types.

    EU processing machinery manufacturers will be hurt by US tariffs

    Many of the largest manufacturers of packaging and food processing machinery are European. Krones, GEA, and Syntegon are all German companies, while Sacmi, Coesia, IMA, and PFM Group are all Italian companies. This strong ecosystem enabled the EU to export $3.4 billion worth of washing and bottling machines, $1.6 billion worth of industrial food preparation machinery, and $1.1 billion worth of industrial printers to the US in 2023, according to The Observatory of Economic Complexity. Germany alone accounted for 24% of the US’ industrial food preparation machinery imports in 2023, according to the same source. A 20% tariff on these EU exports to the US represents a serious problem for EU machinery manufacturers.

    Gopsill continues: “Other elements of the US’ current policy agenda could also create disruptions in the US packaging and food processing machinery market. The Trump administration is also pursuing a budget reconciliation bill aimed at securing between $90 billion and $175 billion in additional funding for immigration and border enforcement agencies before the end of the year. This funding would enhance the government’s capacity to conduct business raids and detain and deport undocumented immigrants.

    “Such actions could lead to labor shortages in various industries that heavily depend on packaging and food processing machinery. For instance, according to the American Immigration Council, approximately 23% of the workforce in the US meatpacking industry consists of undocumented immigrants, while this figure was around 62% in the seafood processing sector in 2017 (according to the New American Economy).  Furthermore, according to the American Immigration Council, about 5.5% of employees in transportation and warehousing are also undocumented immigrants.

    Gopsill concludes: “If a crackdown on immigrant labor creates workforce vacancies that companies are unable to fill, food processing and packaging machinery companies may be required to accelerate their innovation programs to supply the market with more automated packaging solutions.”

    MIL OSI Economics –

    May 2, 2025
  • MIL-OSI United Kingdom: Greens anticipate another record-breaking year in local elections as polls close 

    Source: Green Party of England and Wales

    1 May 2025/ 1 May 2025 by Green Party

    As polls close in the council and mayoral elections taking place across England, the Green Party has said it is confident of “record-breaking” results. The Party is hoping to carry on its winning streak of recent years by increasing its number of councillors for an eighth year in a row. This builds on its best ever General Election result in 2024 that saw nearly 2 million people vote Green increasing its representation in parliament.  

    Green Party Co-leader, Carla Denyer MP, said: 

    “The Green Party is used to breaking records and it looks like this year will be no exception. We’ve increased our number of councillors seven years in a row, and we are sure this will be an eighth. We are taking seats from both the Conservatives and Labour up and down the country as voters, understandably, move away from the tired old parties that have let us all down. We know voters want change, and Greens have that bold and positive vision that stands in contrast to Reform whose politics breed fear and division.” 

    Co-leader Arian Ramsay added: 

    “There is a clear message coming out of these elections. The stale, discredited parties are failing; two-party politics is dead. We now have a five-party system in UK politics, and going forward it’s everything to play for.  

    “Up and down the country we will be winning seats, and in contrast to Reform, building on a long track record of being active in local communities. We’re known for offering practical solutions on the housing crisis, cost of living, climate breakdown and protecting public services. When people elect Greens, they get representatives who work hard all year round. That’s why we are building our membership and electing more and more Greens at all levels of government year after year.” 
     

    MIL OSI United Kingdom –

    May 2, 2025
  • MIL-OSI USA: Hagerty Introduces Charles Kushner, Trump’s Nominee to be U.S. Ambassador to France and Monaco

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Foreign Relations Committee and former U.S. Ambassador to Japan, introduced Charles “Charlie” Kushner, President Trump’s nominee to be U.S. Ambassador to France and Monaco.

    *Click the photo above or here to watch*
    Remarks as prepared for delivery:
    Chairman Risch and Ranking Member Shaheen, thank you for holding this important nominations hearing today.
    It is my honor to introduce my good friend, Charles “Charlie” Kushner—President Trump’s nominee to be the U.S. Ambassador to France and Monaco.
    I have been fortunate to get to know Charlie, his wife Seryl and their wonderful family.
    Their children—Dara, Nicole, Josh, and Jared—are all tremendously successful in their own right and I’ve had the pleasure to know and work closely with Jared and his wife, Ivanka.
    The Kushner children—are a testament to the family’s values and character and are, in many ways, Charlie and Seryl’s finest achievement.
    Charlie truly embodies the “American Dream.”
    As the son of Holocaust survivors who immigrated to the United States in the 1940s with nothing, Charlie rose to become one of the country’s most successful real estate developers—indeed, he’s a skilled and talented negotiator, a leader who treats his employees like family, and a respected philanthropist.
    As a lifelong businessman who served as U.S. Ambassador to Japan during President Trump’s first term, I believe the skills and experiences that have made Charlie successful in the private sector will drive his success as America’s ambassador in Paris.
    Yet President Trump selected Charlie for this role—not only because of his business acumen and experience in tough negotiations, but also because Charlie is a deeply patriotic American who recognizes the strategic and historical importance of our transatlantic relationships.
    Charlie understands the unique and enduring bond between the United States and France—a bond rooted in shared history, democratic values, and mutual interests.
    He is committed to advancing U.S. national security interests by deepening the U.S.-France alliance through pragmatic defense collaboration and fair, reciprocal trade relations.
    In short, Charlie is a do-er, and he’s energized not only to represent our country, but also accomplish things for the American people.
    I am confident that Charlie, when he is confirmed, will work tirelessly to build a more secure and prosperous future for both the American and French people.
    I look forward to his testimony today and to working with my colleagues on this committee to ensure his nomination moves forward as quickly as possible.

    MIL OSI USA News –

    May 2, 2025
  • MIL-OSI: iRhythm Technologies Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, today reported financial results for the three months ended March 31, 2025.

    First Quarter 2025 Financial Highlights

    • Revenue of $158.7 million, a 20.3% increase compared to first quarter 2024
    • Gross margin of 68.8%, a 250-basis point increase compared to first quarter 2024
    • Unrestricted cash, cash equivalents, and marketable securities of $520.6 million as of March 31, 2025
    • Increased fiscal year 2025 guidance for revenue and adjusted EBITDA margin

    Recent Operational Highlights

    • Strong quarterly revenue unit volume driven by momentum from innovative value-based care accounts as well as demand from Zio AT in the United States and record demand in the United Kingdom
    • Expanded global reach with commercial launch of Zio monitor in Japan, highlighting our continued commitment to bringing our innovative digital healthcare solutions to millions of people worldwide
    • As presented at ACC.25, two large real-world studies in over one million patients revealed that short-term, Holter-duration monitoring frequently misses actionable arrhythmias – 64% of daily-symptom patients with actionable arrhythmias went undetected in the first 48 hours – and that patient-reported symptoms are an unreliable predictor of arrhythmic events1,2
    • AVALON study recently presented at Heart Rhythm Society found that the Zio® long-term continuous monitor (LTCM) associated with higher adjusted odds of arrhythmia detection, fewer repeat tests, and reduced likelihood of cardiovascular events compared to other modalities and LTCM brands in the follow-up year3

    “The first quarter of 2025 demonstrated continued commercial momentum, with revenue growth exceeding 20% year-over-year, driven by upstream expansion in the patient care pathway and strength in our Zio AT business,” said Quentin Blackford, President and Chief Executive Officer of iRhythm. “We’ve seen increasing demand from recently opened accounts while also driving penetration within innovative, value-based care and risk-bearing entities. With our recent commercial launch in Japan, we are now actively driving physician and health system awareness of Zio in six markets outside the U.S., contributing to our milestone of 10 million patient reports posted since iRhythm’s inception. With strong execution across multiple growth levers and additional catalysts on the horizon, we are more excited than ever as we continue to enable the earlier diagnosis of cardiac arrhythmias, opening the potential to reduce costs and deliver meaningful value for patients, our customers, healthcare systems, and shareholders.”

    First Quarter Financial Results
    Revenue for the first quarter of 2025 was $158.7 million, up 20.3% from $131.9 million during the same period in 2024. The increase was driven by growth in demand for Zio services.

    Gross profit for the first quarter of 2025 was $109.2 million, up 24.8% from $87.5 million during the same period in 2024, while gross margin was 68.8%, up from 66.3% during the same period in 2024. The increase in gross profit was primarily due to increased volume of Zio services provided due to higher demand. The increase in gross margin was primarily due to volume leverage as well as operational efficiencies, partially offset by an increased blended cost per unit from a higher Zio AT product mix.

    Operating expenses for the first quarter of 2025 were $141.8 million, compared to $125.7 million for the same period in 2024. Adjusted operating expenses for the first quarter of 2025 were $140.4 million, compared to $125.7 million during the same period in 2024. The increase in adjusted operating expenses was primarily driven by funding of innovation and incremental costs to serve a growing volume of patients globally.

    Net loss for the first quarter of 2025 was $30.7 million, or a diluted loss of $0.97 per share, compared with net loss of $45.7 million, or a diluted loss of $1.47 per share, for the same period in 2024. Adjusted net loss for the first quarter of 2025 was $30.3 million, or a diluted loss of $0.95 per share, compared with an adjusted net loss of $38.1 million, or a diluted loss of $1.23 per share, for the same period in 2024. The decrease in net loss was primarily driven by our revenue growth and operating leverage achieved through implementation of efficiency initiatives.

    Unrestricted cash, cash equivalents, and marketable securities were $520.6 million as of March 31, 2025.

    2025 Annual Guidance
    iRhythm projects revenue for the full year 2025 between $690 million to $700 million. Adjusted EBITDA margin for the full year 2025 is expected to range from approximately 7.5% to 8.5% of revenues.

    Webcast and Conference Call Information
    iRhythm’s management team will host a conference call today beginning at 1:30 p.m. PT/4:30 p.m. ET. Interested parties may access a live and archived webcast of the presentation on the “Events & Presentations” section of the company’s investor website at investors.irhythmtech.com.

    About iRhythm Technologies, Inc.
    iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all.

    Reclassifications
    Certain prior period amounts have been reclassified to conform to the current year presentation. These reclassifications have no impact on previously reported results of operations or financial position.

    Use of Non-GAAP Financial Measures
    We refer to certain financial measures that are not recognized under U.S. generally accepted accounting principles (GAAP) in this press release, including adjusted EBITDA, adjusted net loss, adjusted net loss per share and adjusted operating expenses. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. See the schedules attached to this press release for additional information and reconciliations of such non-GAAP financial measures. We have not reconciled our adjusted operating expenses and adjusted EBITDA margin estimates for full year 2025 because certain items that impact these figures are uncertain or out of our control and cannot be reasonably predicted. Accordingly, a reconciliation of adjusted operating expenses and adjusted EBITDA estimates is not available without unreasonable effort.

    Adjusted EBITDA excludes non-cash operating charges for stock-based compensation expense, changes in fair value of strategic investments, impairment and restructuring charges, business transformation costs, certain intellectual property litigation expenses and settlements, and loss on extinguishment of debt. Business transformation costs include costs associated with professional services, employee termination and relocation, third-party merger and acquisition, integration, and other costs to augment and restructure the organization, inclusive of both outsourced and offshore resources.

    Beginning in the first quarter of 2025, we have excluded third-party attorneys’ fees and expenses associated with patent litigation brought against the Company by Welch Allyn, Inc. and Bardy Diagnostics, Inc., subsidiaries of Baxter International, Inc. Factors we considered in arriving at this determination to exclude these patent litigation costs from our non-GAAP financial measures include frequency and complexity of the patent litigation, the counterparty involved, and the expected magnitude of patent litigation costs for this matter.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. An investor can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ‘anticipate’, ‘estimate’, ‘expect’, ‘intend’, ‘will’, ‘project’, ‘plan’, ‘believe’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future actions or operating or financial performance. In particular, these statements include statements regarding financial guidance, market opportunity, ability to penetrate the market, international market expansion, anticipated productivity and quality improvements, and expectations for growth. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties, many of which are beyond our control, include risks described in the section entitled “Risk Factors” and elsewhere in our filings made with the Securities and Exchange Commission, including those on the Form 10-Q expected to be filed on or about May 1, 2025. These forward-looking statements speak only as of the date hereof and should not be unduly relied upon. iRhythm disclaims any obligation to update these forward-looking statements.

    Investor Contact
    Stephanie Zhadkevich
    investors@irhythmtech.com

    Media Contact
    Kassandra Perry
    irhythm@highwirepr.com

    1. Battisti, T, Pinkerton, R, Fokin, V. et al. “Arrhythmias in patietns with daily vs non-daily symptoms undergoing long-term continuous patch ECG monitoring.” JACC. 2025 Apr, 85 (12_Supplement) 221.
    2. Battisti, T, Pinkerton, R, Fokin, V. et al.“Symptom-Rhythm Correlation Patterns in Patients Undergoing Ambulatory ECG Monitoring: Analysis of Over 1 Million Patients.” JACC. 2025 Apr, 85 (12_Supplement) 37.
    3. Russo, Pierantonio et al. “Assessment of Variation in AmbuLatory Cardiac MONitoring: Real-World Evidence of Commercially Insured Beneficiaries.” Heart Rhythm, Volume 22, Issue 4, S547.
    IRHYTHM TECHNOLOGIES, INC.
    Condensed Consolidated Balance Sheets
    (In thousands, except par value)
    (unaudited)
     
      March 31, 2025   December 31, 2024
    Assets      
    Current assets:      
    Cash and cash equivalents $ 375,278     $ 419,597  
    Marketable securities   145,311       115,956  
    Accounts receivable, net   80,639       79,941  
    Inventory   14,336       14,039  
    Prepaid expenses and other current assets   20,449       16,286  
    Total current assets   636,013       645,819  
    Property and equipment, net   130,850       125,092  
    Operating lease right-of-use assets   46,171       47,564  
    Restricted cash   8,358       8,358  
    Goodwill   862       862  
    Long-term strategic investments   62,745       61,902  
    Other assets   41,099       41,852  
    Total assets $ 926,098     $ 931,449  
    Liabilities and Stockholders’ Equity      
    Current liabilities:      
    Accounts payable $ 11,946     $ 7,221  
    Accrued liabilities   79,976       84,900  
    Deferred revenue   3,282       2,932  
    Operating lease liabilities, current portion   16,140       15,867  
    Total current liabilities   111,344       110,920  
    Long-term senior convertible notes   647,237       646,443  
    Other noncurrent liabilities   8,727       8,579  
    Operating lease liabilities, noncurrent portion   72,125       74,599  
    Total liabilities   839,433       840,541  
    Stockholders’ equity:      
    Preferred stock, $0.001 par value – 5,000 shares authorized; none issued and outstanding at March 31, 2025 and December 31, 2024   —       —  
    Common stock, $0.001 par value – 100,000 shares authorized; 32,144 shares issued and 31,915 shares outstanding at March 31, 2025, respectively; 31,621 shares issued and 31,392 shares outstanding at December 31, 2024, respectively   32       31  
    Additional paid-in capital   901,085       874,607  
    Accumulated other comprehensive loss   143       165  
    Accumulated deficit   (789,595 )     (758,895 )
    Treasury stock, at cost; 229 shares at March 31, 2025 and December 31, 2024   (25,000 )     (25,000 )
    Total stockholders’ equity   86,665       90,908  
    Total liabilities and stockholders’ equity $ 926,098     $ 931,449  
                   
    IRHYTHM TECHNOLOGIES, INC.
    Condensed Consolidated Statements of Operations
    (In thousands, except per share data)
    (unaudited)
     
        Three Months Ended March 31,
          2025       2024  
    Revenue, net   $ 158,677     $ 131,929  
    Cost of revenue     49,461       44,413  
    Gross profit     109,216       87,516  
    Operating expenses:        
    Research and development     21,519       16,994  
    Acquired in-process research and development     296       —  
    Selling, general and administrative     119,957       108,660  
    Total operating expenses     141,772       125,654  
    Loss from operations     (32,556 )     (38,138 )
    Interest and other income (expense), net:        
    Interest income     4,919       3,057  
    Interest expense     (3,273 )     (2,860 )
    Loss on extinguishment of debt     —       (7,589 )
    Other income (expense), net     875       (105 )
    Total interest and other income (expense), net     2,521       (7,497 )
    Loss before income taxes     (30,035 )     (45,635 )
    Income tax provision     665       32  
    Net loss   $ (30,700 )   $ (45,667 )
    Net loss per common share, basic and diluted   $ (0.97 )   $ (1.47 )
    Weighted-average shares, basic and diluted     31,590       31,033  
                     
    IRHYTHM TECHNOLOGIES, INC.
    Reconciliation of GAAP to Non-GAAP Financial Information
    (in thousands, except per share data)
    (unaudited)
     
        Three Months Ended March 31,
          2025       2024  
    Adjusted EBITDA reconciliation*        
    Net loss, as reported1   $ (30,700 )   $ (45,667 )
    Interest expense     3,273       2,860  
    Interest income     (4,919 )     (3,057 )
    Changes in fair value of strategic investments     (843 )     —  
    Income tax provision     665       32  
    Depreciation and amortization     5,210       5,131  
    Stock-based compensation     23,344       20,991  
    Business transformation costs     503       —  
    Intellectual property litigation costs2     832       —  
    Loss on extinguishment of debt     —       7,589  
    Adjusted EBITDA   $ (2,635 )   $ (12,121 )
             
    Adjusted net loss reconciliation*        
    Net loss, as reported1   $ (30,700 )   $ (45,667 )
    Business transformation costs     503       —  
    Intellectual property litigation costs2     832       —  
    Changes in fair value of strategic investments     (843 )     —  
    Loss on extinguishment of debt     —       7,589  
    Tax effect of adjustments3     (91 )     —  
    Adjusted net loss   $ (30,299 )   $ (38,078 )
             
    Adjusted net loss per share reconciliation*        
    Net loss per share, as reported1   $ (0.97 )   $ (1.47 )
    Business transformation costs per share     0.02       —  
    Intellectual property litigation costs per share2     0.03       —  
    Changes in fair value of strategic investments per share     (0.03 )     —  
    Loss on extinguishment of debt per share     —       0.24  
    Tax effect of adjustments per share3     —       —  
    Adjusted net loss per share   $ (0.95 )   $ (1.23 )
    Weighted-average shares, basic and diluted     31,590       31,033  
             
    Adjusted operating expense reconciliation*        
    Operating expense, as reported   $ 141,772     $ 125,654  
    Business transformation costs     (503 )     —  
    Intellectual property litigation costs2     (832 )     —  
    Adjusted operating expense   $ 140,437     $ 125,654  
                     

    *Certain numbers expressed may not sum due to rounding.
    1 Net loss for the three months ended March 31, 2025 includes $0.3 million of acquired in-process research and development expense.
    2 Excludes third-party attorneys’ fees and expenses associated with patent litigation brought against the Company by Welch Allyn, Inc. and Bardy Diagnostics, Inc., subsidiaries of Baxter International, Inc.
    3 Income tax impact of Non-GAAP adjustments listed.

    The MIL Network –

    May 2, 2025
  • MIL-OSI: iRhythm Launches Zio® Long-Term Continuous Monitoring Service in Japan as the Zio® ECG Recording and Analysis System, Advancing AI-Powered Arrhythmia Detection

    Source: GlobeNewswire (MIL-OSI)

    • iRhythm Zio®Long-Term Continuous Monitoring (LTCM) system — commercially introduced in Japan as the Zio®ECG Recording and Analysis System — brings AI-powered, continuous, uninterrupted ECG monitoring for up to 14 days to Japan
    • Launch is timely amid a growing demand for early, accurate detection of arrhythmias in Japan, the second largest ambulatory cardiac monitoring market in the world, where the prevalence is expected to rise alongside an aging population1-3

    SAN FRANCISCO, May 01, 2025 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC) today announced the commercial launch in Japan of its Zio® long-term continuous ECG monitoring (LTCM) system, commercially introduced in this market as the Zio® ECG Recording and Analysis System. The system provides up to 14 days of continuous, uninterrupted ECG monitoring and leverages a deep-learned artificial intelligence (AI) algorithm approved by Japan’s Pharmaceuticals and Medical Devices Agency (PMDA) – and represents a significant advancement over other ambulatory cardiac monitoring options in Japan, including commonly used wired Holter monitors, which capture only 24 to 48 hours of data and other patch-based services that monitor only up to 7 days.

    “We are honored to introduce our AI-powered Zio ECG Recording and Analysis System that provides up to 14 days of continuous, uninterrupted cardiac monitoring to Japan, where we see a meaningful opportunity to help advance arrhythmia detection,” said Quentin Blackford, President and Chief Executive Officer of iRhythm. “Together with our trusted distribution partner, Senko Medical Instrument, we are committed to expanding access to advanced cardiac monitoring that supports clinical excellence and aligns with Japan’s dedication to high-quality, patient-centered care.”

    Advancing Arrhythmia Detection in Japan

    The Zio ECG Recording and Analysis System consists of a prescription-only, patch-based ECG monitoring device (Zio monitor, iRhythm’s latest-generation ECG patch), worn for up to 14 days, and the ZEUS (Zio ECG Utilization Software) system.

    The unique attributes of the Zio ECG Recording and Analysis System offer meaningful advantages for patients and clinicians:

    Zio monitor (Patch ECG Device): Improving Patient Monitoring Experience

    • The latest-generation patch ECG is thinner, lighter, and smaller—designed for comfortable, discreet wear, ease of use,4 and patient satisfaction5,6
    • Enables up to 14 days of continuous, uninterrupted ECG monitoring
    • Demonstrates 99% patient compliance with prescribed wear time6-8 and 99% analyzable data, delivering high-quality, actionable data6,10,11

    Zio Service (End-to-End Monitoring System): Combining Advanced AI with Human Expertise

    • PMDA-approved, deep-learned AI algorithm detects 13 arrhythmia types, as well as sinus rhythm and artifact, and is clinically proven to perform at the level of cardiologists11-14
    • End-of-wear reports are reviewed and validated by certified cardiographic technicians (CCTs), with 99% physician agreement6,8
    • Zio ECG Recording and Analysis System is associated with the highest diagnostic yield and lowest likelihood of retesting compared to other monitoring services, including other LTCMs and 24- to 48-hour duration Holter monitoring services6,8,15-20
    • In clinical settings, the Zio LTCM service may help reduce misinterpretation of ECG data and improve clinical efficiency12

    Zio® monitor by iRhythm Technologies,
    part of the Zio®ECG Recording and Analysis System

    “The Zio service represents a new step forward in how we monitor for arrhythmias in Japan,” said Dr. Kohei Yamashiro, Vice President and Director of the Heart Rhythm Center at Takatsuki General Hospital (Osaka Prefecture), the first hospital in Japan to introduce the Zio ECG Recording and Analysis System. “Its ease of use, extended monitoring period, and clear reporting provide important benefits for both patients and clinicians.”

    Clinically Proven Performance

    The clinical value of the Zio LTCM service has been demonstrated in a robust, growing body of clinical evidence. The Cardiac Ambulatory Monitor EvaLuation of Outcomes and Time to Events (CAMELOT) study, published in the American Heart Journal, found that Zio LTCM service was associated with the highest yield of specified arrhythmia diagnosis and the lowest likelihood of repeat testing compared to all other monitoring services.

    iRhythm’s comprehensive clinical evidence, encompassing more than 125 original research manuscripts21 and insights derived from over 2 billion hours of curated heartbeat data9 and more than 10 million patient reports posted since the company’s inception, underscore the company’s ongoing commitment to expanding evidence that supports improved patient outcomes.

    “The Zio long-term continuous monitoring service offers a clinically validated approach to arrhythmia detection by combining advanced AI with expert clinical review to support accurate and timely diagnoses,” said Dr. Mintu Turakhia, iRhythm Chief Medical Officer, Chief Scientific Officer, and EVP of Product Innovation. “As the need for effective long-term monitoring grows, we believe the introduction of Zio LTCM in Japan presents an opportunity to enhance patient care and support evolving clinical needs in cardiac monitoring—an impact also recognized by the Japanese Heart Rhythm Society.”

    Cardiac Arrhythmias and Prevalence in Japan

    A cardiac arrhythmia is a condition in which the heart beats too quickly, too slowly, or irregularly due to abnormal electrical impulses. If undetected and untreated, some arrhythmias can damage the heart, brain, or other organs and lead to an increased risk of stroke and death.22-24

    These potential complications make accurate, timely arrhythmia detection and diagnosis critical to improving patient outcomes and quality of life.

    The prevalence of cardiac arrhythmias continues to rise globally, and Japan is the second largest ambulatory cardiac monitoring market in the world with an estimated 1.6 million tests prescribed annually. This number is expected to continue to increase based on stroke and cardiovascular disease burden in Japan’s aging population.1-3

    Availability in Japan
    Zio® ECG Recording and Analysis System will be available to healthcare customers beginning May 2025, with nationwide availability anticipated by July 2025, through Senko Medical Instrument, iRhythm’s exclusive distribution partner in Japan.

    Outside of Japan, iRhythm offers its Zio® portfolio of cardiac monitoring solutions in Austria, the Netherlands, Spain, Switzerland, the United States, and the UK – and remains dedicated to bringing access to its advanced cardiac monitoring to even more patients, clinicians and healthcare systems around the world.

    About iRhythm Technologies, Inc.
    iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all. To learn more about iRhythm and the Zio® LTCM service in Japan, please visit irhythmtech.com/jp/ja. For additional information about iRhythm, please visit its corporate website at irhythmtech.com.

    Forward-Looking Statements 
    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. An investor can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as ‘anticipate’, ‘estimate’, ‘expect’, ‘intend’, ‘will’, ‘project’, ‘plan’, ‘believe’, ‘target’ and other words and terms of similar meaning in connection with any discussion of future actions or operating or financial performance.  In particular, these include statements regarding the Japanese market opportunity, our ability to penetrate the Japanese market, and expansion of patient access to our products and services in Japan. Such statements are based on current assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties, many of which are beyond our control, include risks described in the section entitled “Risk Factors” and elsewhere in our filings made with the Securities and Exchange Commission, including those on the Form 10-Q expected to be filed on or about May 1, 2025. These forward-looking statements speak only as of the date hereof and should not be unduly relied upon. iRhythm disclaims any obligation to update these forward-looking statements. 

    Media Contact
    Kassandra Perry
    irhythm@highwirepr.com

    Investor Contact
    Stephanie Zhadkevich
    investors@irhythmtech.com

    —-
    Footnotes

    1. Irie S, Tada H. The Relationship between Holter Electrocardiography and Atrial Fibrillation Diagnosis Using Real-World Data in Japan. Int Heart J. 2023;64(2):178-187.
    2. Matsuda S. Health Policy in Japan – Current Situation and Future Challenges. JMA Journal, 2019.
    3. Annual Pharmaceutical Production Statistics, Ministry of Health, Labour, and Welfare (“MHLW”).
    4. Data on file. iRhythm Technologies, 2023.
    5. Zio monitor Instructions for Use. iRhythm Technologies, 2023.
    6. Based on US data.
    7. Data on file. iRhythm Technologies, 2022.
    8. Zio service provides continuous, uninterrupted recording and a comprehensive end-of-wear report.
    9. Data on file. iRhythm Technologies, 2024.
    10. Analyzable time is based off median values for a 14-day prescription
    11. Data on file. iRhythm Technologies, 2020.
    12. Hannun et al. Cardiologist-level arrhythmia detection and classification in ambulatory electrocardiograms using a deep neural network. Nat Med. 2019;25:65-69. https://doi.org/10.1038/s41591-018-0268-3
    13. Deep learned algorithm is only available in the United States, European Union, Switzerland, United Kingdom, and Japan.
    14. FDA 510K clearance, CE mark, UKCA mark, and PMDA-approval.
    15. Reynolds et al. Comparative effectiveness and healthcare utilization for ambulatory cardiac monitoring strategies in Medicare beneficiaries. Am Heart J. 2024;269:25–34. https://doi.org/10.1016/j.ahj.2023.12.002
    16. Diagnostic yield was assessed based upon the evaluation of specified arrhythmias, which refer to an arrhythmia encounter diagnosis as per Hierarchical Condition Categories (HCC) 96.
    17. Based on previous generation Zio XT device data. Zio monitor utilizes the same operating principles and ECG algorithm. Additional data on file.
    18. Zio LTCM service refers to Zio XT and Zio monitor service.
    19. Contraindications: Do not use the Zio monitor for critical care patients or for patients with symptomatic episodes where instance variations in cardiac performance could result in immediate danger to the patients or when real-time or in-patient monitoring should be prescribed. (Refer to the Zio monitor Instructions for Use for the full list of contraindications)
    20. Zio monitor and ZEUS are Japan PMDA approved.
    21. Data on file. iRhythm Technologies, 2025.
    22. Ataklte et al. Meta-analysis of ventricular premature complexes and their relation to cardiac mortality in general populations. The American Journal of Cardiology. 2013;112(8):1263-1270. doi:10.1016/j.amjcard.2013.05.065
    23. Lin et al. Long-term outcome of non-sustained ventricular tachycardia in structurally normal hearts. PLOS ONE. 2016;11(8). doi:10.1371/journal.pone.0160181
    24. Wolf et al. Atrial fibrillation as an independent risk factor for stroke: The Framingham Study. Stroke. 1991;22(8):983-988. doi:10.1161/01.str.22.8.983

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ffe8ed2-1063-4455-8784-d0278fd46373

    The MIL Network –

    May 2, 2025
  • MIL-OSI: Codere Online Files 2023 Annual Report on Form 20-F and to Release Q1-25 Earnings on May 16th

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg, Grand Duchy of Luxembourg, May 1, 2025 (GLOBE NEWSWIRE) – Codere Online Luxembourg, S.A. (Nasdaq: CDRO / CDROW) (the “Company” or “Codere Online”), a leading online gaming operator in Spain and Latin America, today announced that it has filed with the U.S. Securities and Exchange Commission (“SEC”) its annual report on form 20-F for the year ended December 31, 2023 (the “2023 20-F”) within the extension period granted by the Nasdaq Hearings Panel.

    Following this positive development, the Company expects to release its first quarter 2025 results prior to 8:30AM US Eastern Time on May 16, 2025. At 8:30AM US Eastern Time on the same day, Codere Online’s management will host a conference call to discuss the results and provide a business update.

    The Company’s earnings press release and related materials will be available on Codere Online’s website at www.codereonline.com. Dial-in details for the conference call as well as the audio webcast registration link are accessible in the Events & Presentations section of the same website. A recording of the webcast will be available following the conference call.

    A copy of the 2023 20-F is available in the SEC Filings section of the Company’s website: www.codereonline.com/financials-and-filings.

    In order to minimize the environmental impact of its annual report by reducing paper consumption, the Company encourages its shareholders to read it in digital format. However, Company shareholders willing to receive a hard copy of this document, which contains the Company’s audited financial statements, may do so, free of charge, upon request addressed to ir@codereonline.com.

    About Codere Online

    Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online launched in 2014 as part of the renowned casino operator Codere Group. Codere Online offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina. Codere Online’s online business is complemented by Codere Group’s physical presence throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.

    Forward-Looking Statements
    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future, including the Company’s statements related to the Company’s ability to regain compliance with the Rule.

    These forward-looking statements are based on information available as of the date of this document and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the Company’s or its management team’s views as of any subsequent date, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    As a result of a number of known and unknown risks and uncertainties, the Company’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that the Company does not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Additional information concerning certain of these and other risk factors is contained in Codere Online’s filings with the SEC. All subsequent written and oral forward-looking statements concerning Codere Online or other matters attributable to Codere Online or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

    Contacts:

    Investors and Media
    Guillermo Lancha
    Director, Investor Relations and Communications
    Guillermo.Lancha@codereonline.com
    (+34) 628.928.152

    The MIL Network –

    May 2, 2025
  • MIL-Evening Report: As Dutton champions nuclear power, Indigenous artists recall the profound loss of land and life that came from it

    Source: The Conversation (Au and NZ) – By Josephine Goldman, Sessional Academic, School of Languages and Cultures, Discipline of French and Francophone Studies, University of Sydney

    Opposition Leader Peter Dutton’s promise to power Australia with nuclear energy has been described by experts as a costly “mirage” that risks postponing the clean energy transition.

    Beyond this, however, the Coalition’s nuclear policy has, for many First Nations peoples, raised the spectre of the last time the atomic industry came to Australia.

    Indigenous peoples across Oceania share memories of violent histories of nuclear bomb testing, uranium mining and waste dumping – all of which disproportionately affected them and/or their ancestors.

    Two sides of the same coin

    While it may be tempting to separate them, the links between military and civilian nuclear industries – that is, between nuclear weapons and nuclear energy plants – are well established. According to a 2021 paper by energy economists Lars Sorge and Anne Neumann: “In part, the global civilian nuclear industry was established to legitimatise the development of nuclear weapons.”

    The causative links between military and civilian uses of nuclear power flow in both directions.

    As Sorge and Neumann write, many technologies and skills developed for use in nuclear bombs and submarines end up being used in nuclear power generation. Another expert analysis suggests countries that receive peaceful nuclear assistance, in the form of nuclear technology, materials or skills, are more likely to initiate nuclear weapons programs.

    Since the first atomic bombing of Hiroshima in 1945, Indigenous peoples across the Pacific have been singing, writing and talking about nuclear colonialism. Some were told the sacrifice of their lands and lifeways was “for the good of mankind”.

    Today, they continue to use their bodies and voices to push back against the promise of a benevolent nuclear future – a vision that has often been used justify their and their ancestors’ suffering and displacement.

    Black mist and brittle landscapes

    In 2023, Bangarra Dance Company produced Yuldea. This performance centres on the Yooldil Kapi, a permanent desert waterhole.

    For millennia, this water source sustained the Aṉangu and Nunga peoples and a multitude of other plant and animal life across the Great Victorian Desert and far-west South Australia.

    In 1933, Yuldea became the site of the Ooldea Mission. Then, in 1953, when the British began testing nuclear bombs at nearby Emu Field (1953) and Maralinga (1956–57), the local Aṉangu Pila Nguru were displaced from their land to the mission.

    Directed by Wirangu and Mirning woman Frances Rings, Yuldea tells the story of this Country in four acts: act one, Supernova; act two, Kapi (Water); act three, Empire; and act four, Ooldea Spirit.

    The impacts of nuclear testing are directly confronted in a section titled Black Mist (in act three, Empire). Dancers’ bodies twist and spasm as a black mist falls from the sky, representing the fog of radioactive particles that resulted from weapons testing. In reality, this fog could cause lifelong injuries when inhaled or ingested, including blindness.

    But Yuldea is more than just a story of destruction. By exploring Aṉangu and Nunga relationships with Country before and after nuclear testing, it affirms their enduring presence in the region. This is captured in the opening prose:

    We are memory.
    Glimpsed through shimmering light on water.
    A story place where black oaks stand watch.
    Carved into trees and painted on rocks.
    North – South – East – West.
    A brittle landscape of life and loss.

    To acknowledge is to remember

    The podcast Nu/clear Stories (2023-), created by Mā’ohi (Tahitian) women Mililani Ganivet and Marie-Hélène Villierme, uses storytelling to grapple with the consequences of colonial nuclear testing.

    Ganivet and Villierme address the memories of French nuclear testing on the islands of Moruroa and Fangataufa in Mā’ohi Nui (French Polynesia) from 1963 to 1996.

    Rather than using a linear understanding of time, which keeps the past in the past and idealises a future of “progress”, Nu/clear Stories draws on Indigenous philosophies of cyclical or spiral time to insist that by turning to the past, we can understand how history shapes the present and future.

    As Ganivet says when introducing the first episode, Silences and Questions:

    We are part of a long genealogy of people who found the courage to speak before us. […] To acknowledge them here is to remember that without them we would not be able to speak today. And so today, we stand on their shoulders, with the face firmly turned towards the past, but with our eyes gazing deep into the future.

    Protest march against French nuclear testing in the Pacific, Willis Street, Wellington. Evening post (Newspaper. 1865-2002) :Photographic negatives and prints of the Evening Post newspaper.
    Ref: 1/4-020364-F. Alexander Turnbull Library, Wellington, New Zealand. /records/22809366, CC BY-NC

    Stories in the Tomb

    In her 2018 poem video Anointed, Part III of the series Dome, Marshall Islander woman Kathy Jetn̄il-Kijiner pays homage to Runit Island. This island in the Enewetak Atoll was transformed into a dumping site for waste from US nuclear bomb tests between 1946 and 1958.

    A huge concrete dome was built on Runit Island in the 1970s to cover about 85,000 cubic metres of radioactive waste. The island became known as “the Tomb” to the Enewetak people – a tomb that still leaks nuclear radiation into the ocean today.

    Nuclear bombs were exploded above ground and underwater on the Bikini and Enewetak Atolls. A huge concrete dome on Runit Island, built to contain nuclear waste, has given the island the nickname ‘the Tomb’.
    Wikimedia

    However, like the creators behind Yuldea and Nu/clear Stories, Jetn̄il-Kijiner refuses to remember Runit Island as only a nuclear graveyard. Instead, she approaches it like a long-lost family member or ancestor who she hopes will be full of stories.

    Jetn̄il-Kijiner speaks to the island through her poem, drawing a devastating contrast between what it once was and what it is now:

    You were a whole island, once. You were breadfruit trees heavy with green globes of fruit whispering promises of massive canoes. Crabs dusted with white sand scuttled through pandanus roots. Beneath looming coconut trees beds of ripe watermelon slept still, swollen with juice. And you were protected by powerful irooj, chiefs birthed from women who could swim pregnant for miles beneath a full moon.

    Then you became testing ground. Nine nuclear weapons consumed you, one by one by one, engulfed in an inferno of blazing heat. You became crater, an empty belly. Plutonium ground into a concrete slurry filled your hollow cavern. You became tomb. You became concrete shell. You became solidified history, immoveable, unforgettable.

    While Jetn̄il-Kijiner describes herself as “a crater empty of stories”, she continues to find stories in the Tomb: namely, the legend of Letao, the son of a turtle goddess who turned himself into fire and, in the hands of a small boy, nearly burned a village to the ground.

    Juxtaposing this fire with the US’s nuclear bombs, she ends her poem with “questions, hard as concrete”:

    Who gave them this power?
    Who anointed them with the power to burn?

    The link between past and future

    In their book Living in a nuclear world: From Fukushima to Hiroshima (2022), Bernadette Bensaude-Vincent and others explore how “nuclear actors” frame nuclear technology as “indispensable”, “mundane” and “safe” by neatly severing nuclear energy from nuclear history.

    This framing helps nuclear actors avoid answering concrete questions. It also helps to hides the colonial history of nuclear technologies – histories which leak into the present. But not everyone accepts this framing.

    Indigenous artists remind us the nuclear past must be front-of-mind as we look to shape the future.

    During her PhD thesis – funded by the Australian Government Research Training Program – Josephine worked on photographic works by Marie-Hélène Villierme. She has also interviewed Villierme in the past, and worked with her collaboratively on a book chapter on her work (published in Francophone Oceania Today (2024)).

    – ref. As Dutton champions nuclear power, Indigenous artists recall the profound loss of land and life that came from it – https://theconversation.com/as-dutton-champions-nuclear-power-indigenous-artists-recall-the-profound-loss-of-land-and-life-that-came-from-it-249371

    MIL OSI Analysis – EveningReport.nz –

    May 2, 2025
  • MIL-OSI USA: Amateur Radio Scientists Shine at the 2025 HamSCI Workshop

    Source: NASA

    Love Ham Radio? The HamSCI project fosters collaboration between amateur radio operators and professional researchers. Its goals are to advance scientific research and understanding through amateur radio activities, encourage the development of modern technologies to support this research, and provide educational opportunities for the amateur community and the public. 
    HamSCI held its annual Workshop, ‘HamSCI’s Big Year’, at the New Jersey Institute of Technology in late March. Over 100 members of the HamSCI community attended: researchers, students (secondary through graduate level), and citizen scientist volunteers. Over the two-day event, in-person and virtual participants experienced twenty-five talks on topics ranging from analysis of HamSCI’s 2023/24 Festivals of Eclipse Ionospheric Science events to space weather observations made during the May 10, 2024 geomagnetic superstorm.
    The Workshop hosted a variety of Keynote and Invited Tutorial speakers, including distinguished scientists and leaders in the Amateur (ham) Radio community.  The Workshop concluded with a poster session, featuring current research, ongoing educational activities, and concepts for future events involving Sun-space-Earth science topics.  Posters were submitted from the US, Brazil, Egypt, the United Kingdom, and Turkey.
    Explore the workshop presentations and posters.  Videos of conference presentations will be available at the HamSCI website in a few months.
    HamSCI is supported by NASA, the National Science Foundation, and the Amateur Radio Digital Communications (ARDC) foundation.

    MIL OSI USA News –

    May 2, 2025
  • MIL-OSI United Kingdom: Highland Council’s Playpark Strategy highlighted in Scottish Government publication

    Source: Scotland – Highland Council

    Highland youth have been credited for their contribution to Highland Council’s nationally recognised Playpark Strategy after it was referenced in the evidence base and supporting research of the Scottish Government’s Play Vision Statement and Action Plan 2025-2030.

    The Play Vision Statement and Action Plan is designed to reflect the vision of play for Scotland for the next five years and the steps the Scottish Government will take within that time to achieve its vision and aim.

    Cllr Graham MacKenzie, Chair of the Council’s Communities and Place Committee said: “We are delighted that our Playpark Strategy has been acknowledged in the evidence base and supporting research of a nationally recognised publication. By prioritising the voices of young people and recognising the value of listening to what they wanted in their local playparks, we have created a child-led strategy and action plan that has played a part in influencing best practice. We are extremely proud to be the only local authority referenced alongside prominent organisations including Harvard University, Public Health Scotland and the University of Cambridge.”

    Agreed in November 2023, Highland Council’s Playpark Strategy and Action Plan for 2023-2033 was underpinned by consultations and surveys with children alongside the development of a literature review which evidenced the health and social benefits of playing in playparks and how skills learnt from play can positively shape children in the future.

    Key themes identified by young people in relation to playparks included:

    • Access to a variety of play options for children of all ages and abilities
    • Local playparks within easy reach of home
    • Functional and well-maintained play equipment
    • Open spaces for running and active play
    • Opportunities for collaborative play through equipment designed for group interaction

    Cllr MacKenzie continued: “Combined with our own literature review highlighting the health benefits of outdoor play, the insights and preferences of children in the Highlands were central to shaping the Playpark Strategy and we would like to thank all the children and young people who supported the development of the strategy.

    “We recognise the importance of play and playparks for children, in terms of the benefits they provide to their physical, social and mental health, and our strategy has guided us in providing children and communities with opportunities to design their own sustainable and inclusive park parks for increased health and wellbeing and a brighter future for our younger generations.”

    To find out more about the support available to local communities for child-led playpark upgrades, please contact Highland Council’s Playpark Coordinator lynn.macgillivray@highland.gov.uk. 

    1 May 2025

    Share this story

    MIL OSI United Kingdom –

    May 2, 2025
  • MIL-OSI United Kingdom: Council and Sport Scotland meet Skye Community Reps

    Source: Scotland – Highland Council

    Back L to R – Rory Flyn, South Skye Community Campus; Forbes Dunlop, CEO Sport Scotland; Graham Lyndsay, Sport Scotland; Norma Morrison, South Skye Community Campus; Derek Brown, CEX of The Highland Council. Front L to R – Shirley Grant, South Skye Community Campus, Steve Walsh CEX of HLH; Cllr John Finlayson

    Councillor John Finlayson was delighted to welcome Forbes Dunlop, the CEO of Sport Scotland to Skye this week to meet with community groups in Broadford and Dunvegan who are looking to develop sports pitches close to the sites of the new schools that are planned within their communities. Graham Lyndsay from Sport Scotland, Steve Walsh CEX of HLH and Derek Brown the CEX of The Highland Council also accompanied Forbes on his trip.

    Cllr Finlayson said he was delighted to welcome all the visitors to meet with key stakeholders in both communities and he felt it was important for Forbes and others to hear about the aspirations they have and the good work that has already taken place. He also added that Forbes was keen to see where the recent award from Sport Scotland of £150k to the South Skye Community Campus group was going to be spent in Broadford and hear from Dunvegan Community Trust about their ambitions for a sports pitch close to the new school that the Highland Council is building as part of the Highland Investment Plan.

    He thanked school staff and community members for meeting with the visitors and for the partnership work they continue to develop with the council and other agencies to provide facilities in rural areas like Skye which support health and wellbeing for people of all ages.

    L to R – Highland Council CEX Derek Brown; Mali Maclennan Dunvegan Community Trust; Forbes Dunlop, CEO Sport Scotland; Calum Campbell; Graham Lyndsay, Sport Scotland; Cllr John Finlayson; John Laing, Dunvegan Community Council

    1 May 2025

    Share this story

    MIL OSI United Kingdom –

    May 2, 2025
  • MIL-OSI Asia-Pac: UK, Japan and Russia to Join Global Media Dialogue Along with Delegates from Over 60 Countries at WAVES 2025

    Source: Government of India

    UK, Japan and Russia to Join Global Media Dialogue Along with Delegates from Over 60 Countries at WAVES 2025

    WAVES Declaration to be made as part of the Global Media Dialogue

    Global Media Dialogue Set to Be Centerpiece of WAVES 2025 with Global Ministerial Participation

    Posted On: 01 MAY 2025 7:02PM by PIB Mumbai

    Mumbai, 1 May 2025

     

    India is set to host the Global Media Dialogue (GMD) for the first time as part of WAVES tomorrow in Mumbai, marking a significant milestone in the country’s engagement with the global media and entertainment landscape. The Dialogue is being organized by the Ministry of Information and Broadcasting, with support from the Ministry of External Affairs, Government of India.

    Over 60 countries are expected to participate in the event, with delegations from across Asia, Europe, Africa, and the Americas. Nations such as Russia, Japan, UK, Egypt, Saudi Arabia and several others will be represented at the ministerial and senior official levels. The Dialogue aims to encourage international collaboration, promote best practices, and explore avenues for policy alignment, talent exchange, and capacity building in the global media space.

    The outcome of the Dialogue is expected to be a ‘WAVES Declaration’ by participating countries reaffirming the importance of international cooperation in the media and entertainment sector and laying the groundwork for future engagements and partnerships. India, with its vibrant media ecosystem and rapidly growing entertainment industry, is uniquely positioned to host such a dialogue. The GMD marks a pivotal moment in placing India at the center of global conversations on media’s role in shaping the world.

    The Global Media Dialogue will bring together key stakeholders from around the world to discuss the evolving role of media and entertainment in shaping societies, economies, and international cooperation. The Dialogue will offer a platform for open conversations on the evolving landscape of the media and entertainment sector. With rapid technological changes, shifting content trends, and growing global interconnectedness, the Dialogue aims to encourage the exchange of ideas, experiences, and perspectives on the role of media in shaping societies, fostering innovation, and promoting international cooperation.

    On the sidelines of WAVES, India is also holding bilateral meetings with more than 10 countries, including the United Kingdom, Russia, Indonesia, Kenya, Bhutan, and Egypt, as well as international organizations like the World Intellectual Property Organization (WIPO). These engagements reflect India’s commitment to strengthening global cooperation and fostering partnerships across key areas of mutual interest.

    The event will be graced by senior Indian leadership, including the Hon’ble Minister of External Affairs Dr. S Jaishankar, the Hon’ble Minister of Railways, Information and Broadcasting and Electronics and Information Technology, Shri Ashwini Vaishnaw and the Minister of State for I&B and Parliamentary Affairs Dr. L Murugan. The presence of high level dignitaries will underscore India’s commitment to fostering a robust, inclusive, and forward-looking global media environment.

     

    * * *

    PIB TEAM WAVES 2025 | Rajith/ AthiraThampi/ Darshana | 128

    Follow us on social media: @PIBMumbai    /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com  /PIBMumbai     /pibmumbai

    (Release ID: 2125881) Visitor Counter : 60

    MIL OSI Asia Pacific News –

    May 2, 2025
  • MIL-OSI Global: Freedom in an age of climate crisis and trade wars: Lessons from philosopher Immanuel Kant

    Source: The Conversation – Canada – By Rafael Ziegler, Professor, Department of Managment, HEC Montréal

    A decade ago, the majority of nations committed to the United Nations’ Sustainable Development Goals, pledging to “leave no one behind” by 2030 and reach net-zero emissions globally by 2050.

    Ten years on, the sentiment regarding such aspirations is skeptical and the mood gloomy. With the rise of autocracies and the influence of libertarian tech-billionaires on politics, goals such as development for all and climate neutrality seem to be relics of the past.

    The United States, the most powerful country in the world, is at the heart of this shift. In 1776, the U.S. declared independence and was founded on the pursuit of life, liberty and happiness. Today, however, it is increasingly known for its disregard of life, legislative attacks on civil liberties and creating global insecurity through tariffs.

    In the midst of all this, it’s important to remember ours is not the first generation to face dark times. As my recent research argues, Immanuel Kant’s philosophy can offer us valuable tools for navigating today’s challenges.

    Kant’s vision of possible progress

    A painted portrait of German philosopher and Enlightenment thinker Immanuel Kant circa 1790.
    (Wikimedia Commons)

    In 1776, the same year the U.S. was founded, Kant was preparing his breakthrough critical philosophy and lecturing on freedom and pragmatic anthropology, all while living in the absolutist monarchy of Prussia.

    At the time, Prussia was using its military to expand its territory and enforce internal colonization over land and peoples.

    Amid this, Kant observed the contradictions of human nature — people who acted both good and bad, cruel and respectful of others — and described humanity as “crooked timber.” Yet Kant insisted on viewing this “crooked timber” through the lens of freedom.

    At the centre of Kant’s universalist, freedom-focused vision for the future was the idea of a world where all people lived in dignity. It is focused on autonomy as the capacity to self-legislate. Freedom served as his North Star for what is today called “backcasting,” or thinking backward from a desired future to identify possible paths toward achieving it.




    Read more:
    Explainer: the ideas of Kant


    In this spirit, Kant observed the rise of competitive markets that rewarded selfishness and greed, and argued that law and international co-operation — what he called a federation of republics — could turn antagonism into springs of progress. In other words, he analyzed the discord and conflict of his present for signs of possible progress.

    Crucial for the identification of such possibilities was the freedom of public reason: people thinking for themselves and contributing to public debate.

    Thinking long-term about freedom

    What can we learn from Kant about navigating today’s multiple crises?

    First, focus on freedom from a long-term perspective. The current trade war will likely reduce economic growth, but they may also advance the re-regionalization of economies — an idea long supported by post-growth economists seeking sustainable prosperity.

    However, regional production is not inherently good. Rather, we need a public discussion about which essential goods — food, for example — are best mostly supplied regionally, by whom and where international co-operation is called for.

    The climate crisis requires plans not fixes

    Second, Kant’s insights remind us that freedom must be pursued within the reality of a shared, finite planet. Climate change is not a problem that can be solved overnight. Emissions don’t care about the threats and angry fits of autocrats. It’s a global, complex challenge that requires long-term planning processes.

    There are signs of progress in this regard: in 2024, the United Kingdom reported greenhouse gas emissions to be at their lowest levels since 1872 thanks to long-term planning. Canada, after opting out of the Kyoto Protocol in 2011, finally saw emissions start to fall in 2025 following a renewed commitment to international climate goals and planning.

    But this progress is fragile. The chaos of Trump’s tariff wars must not lead our politicians and policymakers to prioritize short-term economic and political gains over long-term climate strategies.

    Prime Minister Mark Carney and Conservative Leader Pierre Poilievre’s support for pipelines, for instance, is at odds with evidence that fossil fuel expansion will lock in emissions.

    It also diverts public money away from cheaper sources of renewable energy and supporting citizens through a just energy transition. With trade wars and economic insecurity, inflation will likely increase costs of living. This will hit poorer households harder, making this a matter of both environmental and social justice.

    Rebuilding the public sphere

    Third, for Kant, current lifestyle expectations are no guide for the core of future freedom. So if the American treasury secretary asserts that “cheap goods are not part of the American dream,” can we, paradoxically, detect an unexpected sign of possible progress?

    The answer is yes — if we take that example as evidence that worthwhile aspirations cannot be captured by consumerism but call for a more sustained effort.

    While modern consumers are willing to make big efforts — such as for daily gym and running routines — can similar energy be released to collective dreams of progress and saving the planet? For Kant, future freedom requires seeing beyond individual to collective aspirations. This relies on shared goals that can be articulated through foresight and supported by a vibrant, critical public sphere.

    In Kant’s time, the public sphere mainly consisted of the Republic of Letters, a network made of intellectuals and writers in the late 17th and 18th centuries engaging in open debate.

    Today, by contrast, much of our communication takes place on social media platforms that prioritize short-form formats, reward anger over analysis and are owned by a few global corporations structured to maximize profits rather than the quality of public deliberation. To counter this trend, regionally diverse, independent news providers are needed along with decentralized, open source social media.

    But above all, in an era of climate crisis, political polarization and economic instability, Kant reminds us of what he called a “Denkungsart:” an “art of thinking” or mindset based on freedom and possibility in a long-term perspective.

    Rafael Ziegler does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Freedom in an age of climate crisis and trade wars: Lessons from philosopher Immanuel Kant – https://theconversation.com/freedom-in-an-age-of-climate-crisis-and-trade-wars-lessons-from-philosopher-immanuel-kant-254442

    MIL OSI – Global Reports –

    May 2, 2025
  • MIL-OSI Economics: Meet our new Director for BC!

    Source: – Press Release/Statement:

    Headline: Meet our new Director for BC!

    As British Columbia Director, Patricia Lightburn will represent CanREA members and help advance policy outcomes in the province.

    Ottawa, May 1, 2025—The Canadian Renewable Energy Association CanREA) is excited to welcome Patricia Lightburn as our new Director, British Columbia. She will represent CanREA members in BC, lead the BC Network, engage with stakeholders and work with members to advance CanREA’s strategic policy priorities in the BC market.  

    “We are thrilled to welcome Patricia to CanREA, especially at this critical time for renewable energy and energy storage industry in BC,” said Vittoria Bellissimo, CanREA’s President and CEO. 

    Prior to joining CanREA, Lightburn was a managing consultant at Dunsky Energy and Climate Advisors. She has also held roles at Innergex Renewable Energy, the David Suzuki Foundation and the Ontario Power Authority (now the IESO).  

    “BC has embarked on a once-in-a-generation energy transition and I couldn’t be more excited to join the CanREA team, to support a thriving and sustainable renewable energy and storage industry in this province,” she said.   

    Lightburn holds a master’s degree from Sciences Politiques in Paris, France. She is based in Squamish, British Columbia.   

    To see CanREA’s growing roster of professionals serving Canada’s renewable energy industry, visit the “Our team” webpage.
    The post Meet our new Director for BC! appeared first on Canadian Renewable Energy Association.

    MIL OSI Economics –

    May 2, 2025
  • MIL-OSI Security: Ukrainian National Extradited from Spain to Face Conspiracy to Use Ransomware Charge

    Source: Office of United States Attorneys

    Defendant Allegedly Took Part in Global Ransomware Scheme Using “Nefilim” Ransomware Strain

    Earlier today, in federal court in Brooklyn, a superseding indictment was unsealed charging Artem Stryzhak with conspiracy to commit fraud and related activity, including extortion, in connection with computers, for his role in a series of international attacks using the Nefilim ransomware.  Stryzhak, a Ukrainian citizen, was arrested in Spain in June 2024 and extradited to the United States on April 30, 2025.  The arraignment will be held later today before United States Magistrate Judge Robert M. Levy.

    John J. Durham, United States Attorney for the Eastern District of New York, and Christopher J.S. Johnson, Special Agent in Charge, Federal Bureau of Investigation, Springfield, Illinois Field Office (FBI), announced the charges.

    “As alleged, the defendant was part of an international ransomware scheme in which he conspired to target high-revenue companies in the United States, steal data, and hold data hostage in exchange for payment.  If victims did not pay, the criminals then leaked the data online,” stated United States Attorney Durham.  “The criminals who carry out these malicious cyber-attacks often do so from abroad in the belief that American justice cannot reach them.  The extradition of the defendant and today’s charges prove that they are wrong.”

    Mr. Durham also thanked the Justice Department’s Office of International Affairs, Computer Crime and Intellectual Property Section, the FBI’s New York Field Office and the Government of Spain for their crucial assistance in securing the arrest and extradition from Spain of Stryzhak.

    “The FBI has long recognized that combating international ransomware schemes requires strong partnerships,” stated FBI Special Agent in Charge Johnson.  “The successful extradition of the defendant is a significant achievement in that ongoing collaboration and it sends a clear message: those who attempt to hide behind international borders to target American citizens will face justice.”

    As alleged in the superseding indictment, Nefilim ransomware was deployed to encrypt computer networks in countries around the world, including in the Eastern District of New York.  These ransomware attacks caused millions of dollars in losses, both from ransomware payments and damage to victim computer systems.  The perpetrators of Nefilim typically customized the ransomware executable file for each victim, creating a unique decryption key and customized ransom notes.  If the victims paid the ransom demand, the perpetrators sent the decryption key, enabling the victims to decrypt the computer files locked by the ransomware program.

    In June 2021, Nefilim administrators gave Stryzhak access to the Nefilim ransomware code in exchange for 20 percent of his ransom proceeds.  He operated the ransomware through his account on the online Nefilim platform, known as the “panel.”  When he first obtained access to the panel, Stryzhak asked a co‑conspirator whether he should choose a different username from the one he used in other criminal activities in case the panel “gets hacked into by the feds.”

    Nefilim’s preferred ransomware targets were companies located in the United States, Canada, or Australia with more than $100 million in annual revenue. Stryzhak and others researched the companies to which they gained unauthorized access, including by using online databases to gather information about the victim companies’ net worth, size, and contact information.  In one exchange with Stryzhak in or about July 2021, a Nefilim administrator encouraged him to target companies in these countries with more than $200 million in annual revenue.

    After gaining sufficient access to the victims’ networks, Stryzhak and his co‑conspirators stole data in furtherance of their scheme to extort ransom payments from them.  Nefilim ransom notes typically threatened the victims that unless they came to an agreement with the ransomware actors, the stolen data would be published on publicly accessible “Corporate Leaks” websites, which were maintained by Nefilim administrators.

    The charges in the indictment are allegations and the defendant is presumed innocent unless and until proven guilty.  If convicted of the charge, Stryzhak faces up to five years’ imprisonment.

    The government’s case is being handled by the Office’s National Security and Cybercrime Section.  Assistant United States Attorneys Alexander F. Mindlin and Ellen H. Sise of the Eastern District of New York and Trial Attorney Brian Mund of the Computer Crime and Intellectual Property Section are in charge of the prosecution, with assistance from Paralegal Specialist Rebecca Roth.

    The Defendant:

    ARTEM ALEKSANDROVYCH STRYZHAK
    Age: 35
    Barcelona, Spain 

    E.D.N.Y. Docket No. 23-CR-324 (PKC)

    MIL Security OSI –

    May 2, 2025
  • MIL-OSI Global: Trump’s Ukraine mineral deal finally lands as US economy shivers

    Source: The Conversation – UK – By Rachael Jolley, International Affairs Editor

    Donald Trump promised he could sort out a peace deal for the Ukraine war in 24 hours. It still hasn’t happened. Instead the US administration has taken 100 days just to sign a mineral deal with Ukraine.

    This agreement will give the US access to revenue from Ukrainian natural resources, including 100 major deposits of critical minerals. It also has huge symbolism. Ukrainians see it as a sign that the US is committed to staying involved in their country, and also as a warming of the relationship between Ukraine’s president and Trump. It will also be a signal to Russia that what hurts Ukraine could also hurt the US economy.

    Of course, White House press secretary Karoline Leavitt calls the deal “historic” and puts its brilliance down to Trump’s amazing negotiation skills.

    However, in the week that Trump celebrated 100 days in office, others would argue that Trump’s deal-making skills are nowhere near as astute as he thinks they are. That he gave Russia way too much room to manoeuvre in the early months of 2025 by leaning so clearly in Putin’s direction, allowing the Russian leader to think he could pretty much do anything he fancied and win as much of Ukraine as he desired.

    US and Ukraine sign a mineral deal.

    But US national security advisor Michael Waltz, who has announced he is standing down, has signalled that the balance may now be shifting, when he said the minerals deal was “a momentous step” and: “Russia needs to come to the table.”

    As Bridget Storrie from UCL’s Institute for Global Prosperity has pointed out, this deal was all about what the global super power was going to get as justification for its support in the war, rather than about how it could increase prosperity in a war-torn country.




    Read more:
    Ukraine minerals deal: the idea that natural resource extraction can build peace has been around for decades


    Andrew Gawthorpe, a lecturer in history and international studies at Leiden University, has looked at the details and believes Kyiv is getting more than many expected, and more than was on offer earlier in the year, when Trump fell out so publicly with Ukraine’s president, Volodymyr Zelensky, at a White House press conference. As part of the deal Ukraine will retain ownership of its natural resources. All profits are to be invested in Ukraine for ten years after the agreement comes into force. It also looks like Washington will contribute new military aid.




    Read more:
    US-Ukraine minerals deal looks better for Kyiv than expected – but Trump is an unpredictable partner


    Presidential power

    Trump’s first 100 days have been tumultuous, not just for the US, but for most of the world. His “liberation day” tariffs on international goods have turned existing economic balances and expectations upside down.

    Countries that have long seen themselves as confident allies of the US – Canada, Denmark and Germany, for instance – now see the landscape somewhat differently, given the high US tariffs that have landed on their doorsteps. No longer convinced of the strength of their relationship with the world’s superpower, many are rethinking both their economic plans and their alliances.

    Meanwhile, China, the main focus of Trump’s tariffs, can see opportunities opening up to forge stronger relationships with, and sales to, other countries also looking for new markets. China has not crumbled yet under the weight of 145% US tariffs. And China’s president, Xi Jinping, is showing no sign of blinking first and heading to Washington to negotiate as Trump was clearly expecting.

    Trump now swings daily from claiming he is negotiating with China and that their tariffs can come down, to stating that Beijing will cave. All that sound and fury sounds a good deal like wavering. And with US supermarket bosses warning of empty shelves around the corner, and US ports expecting traffic from China to significantly slow this month, as Nottingham University’s Chee Meng Tan sets out, there is every reason to expect Trump will cave and open negotiations before Xi Jinping does.




    Read more:
    China has identified how to fight back against Trump’s tariffs, and is not ready to back down


    Many nations now see the US as a far less trustworthy partner now than in the past. The most obvious of these is Canada, which just elected the leader of a party that was 20 percentage points behind in the polls in January and expected to be beaten badly not long ago. But when Trump decided that he wanted Canada as the 51st state, normality went out the window over its northern border.

    This week, newly elected Canadian prime minister Mark Carney said he would seek meetings with Trump with the “full knowledge that we have many, many other options than the United States”, promising to strengthen relations with “reliable partners” in Europe, Asia and elsewhere.

    “We are over the shock of America’s betrayal,” he said. He is ready to write a new foreign policy. He’s not the only one.


    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.


    Two of the US’s firm friends for decades, South Korea and Taiwan, are now not so sure that they see Washington as a dependable ally, according to a report from research organisation the Brookings Institution. It saw a significant jump in the numbers of people who saw the US as untrustworthy from July 2024, to March 2025.

    This matters, as Steve Dunne, a political scientist at the University of Warwick points out, because without trust people and nations are likely not to honour their commitments. After the second world war, the western allies decided to create a series of international bodies to avert such a disaster happening again, and to encourage nations to follow a set of rules that would encourage democracy and trust in each other.

    In his first 100 days, says Dunne, Trump broke the compact of trust with countries that had a long alliance with the US, and that could have a deep impact on the trust that has existed for decades between western nations.




    Read more:
    Donald Trump’s first 100 days have badly damaged trust in America both economically and as an ally


    Global power reducing?

    Declining trust in the US could well reduce other forms of its global power. As well as financially and politically, in the post-war decades the US has influenced the world, by exporting its culture, its films, its television programmes and its ideas, as well as importing tourists to visit its national treasures, from Yosemite national park to New York City.

    In the past 100 days, international tourists are reported to be cancelling their bookings, partly worried about the welcome, or the lack of it, they may encounter at the border. Summer airline bookings from Canada (21%), Germany (17%) and the Netherlands (12%) to the US have fallen significantly for this year, although other countries such as UK show only a minor fall.

    Admittedly, Trump told voters that he wanted to put “America first”. However, at his inauguration, the president declared he wanted to make America the “most respected nation on earth”. That achievement is looking quite far off at the moment. In fact, in many countries it is going the other way.

    That international respect took a significant hit at one of the most remarkable moments of the past 100 days, when Trump proceeded to take Zelensky to task publicly for a range of offences including not being grateful enough for US support and not wearing a suit.

    So what has Trump achieved domestically in his first 100 days and how does that match up against the promises he made? Let’s look at some of the plans he set out in his inauguration speech.

    Trump said he wanted to increase US wealth. But current economic indicators are more than a bit shaky, with US stock markets falling and rising on a regular basis as they follow Trump’s on-and-off-again announcements on tariff negotiations with various countries. On April 30, the day after Trump’s big 100 days rally, stocks fell after data was released showing a contraction in the GDP of the US in the first quarter.

    But Trump has told his supporters that, in the long term, tariffs will work and manufacturing jobs will benefit. So far, Republican voters still believe in Trump’s policies on jobs and the economy, with 82% approving, according to a recent Economist/YouGov poll. Only 8% of Democrats and 32% of independent voters do though.

    Many of the big decisions we have seen playing out in the first 100 days – including the Elon Musk-led dismantling of some parts of government and Trump’s swing at driving down immigration – were detailed in the Project 2025 document, published the conservative think-tank the Heritage Foundation before the election, says Dafydd Townley of the University of Portsmouth. But it also hints at what may come next, including more legislation restricting American women’s access to abortion further.




    Read more:
    How Project 2025 became the blueprint for Donald Trump’s second term


    On January 20 Trump thought that Americans stood “on the verge of the four greatest years in American history”. For many Americans worried about their pensions, savings and the cost of groceries, the future is not looking so great right now. But for those who were sharp focused on cutting immigration, Trump may have made the great start they were hoping for.

    – ref. Trump’s Ukraine mineral deal finally lands as US economy shivers – https://theconversation.com/trumps-ukraine-mineral-deal-finally-lands-as-us-economy-shivers-255747

    MIL OSI – Global Reports –

    May 2, 2025
  • MIL-OSI United Kingdom: Postgraduate student finance applications are now open for 25/26

    Source: United Kingdom – Executive Government & Departments

    News story

    Postgraduate student finance applications are now open for 25/26

    SFE and SFW students can now apply for postgraduate Master’s and Doctoral Loans for 2025 to 2026.

    Postgraduate student finance applications are now open for 2025 to 2026!

    SFE and SFW students can now apply for postgraduate Master’s and Doctoral Loans for 2025 to 2026.

    You should encourage new students to apply online at:

    SFE:  www.gov.uk/apply-online-for-student-finance

    SFW: https://www.studentfinancewales.co.uk/

    If students have applied for undergraduate student finance before, they can use their existing online account to apply. If they’ve never applied for student finance before, then they’ll need to create a new account.

    Continuing students don’t need to re-apply for their funding, it automatically rolls over for the next year of their postgraduate course. They should sign in to their online account to make sure their information is up to date.

    SFE students applying for the 2025 to 2026 academic year can apply for:

    • a loan of up to £12,858 for a postgraduate Master’s course
    • a loan of up to £30,301 for a postgraduate Doctoral course
    • Disabled Student’s Allowance

    SFW students applying for the 2025 to 2026 academic year can apply for:

    • a loan of up to £19,255 for a postgraduate Master’s course
    • a loan of up to £29,130 for a postgraduate Doctoral course
    • Disabled Student’s Allowance

    Students should follow us on social media to get all the latest news and updates about student finance.

    There’s more information about postgraduate student finance available at:

    Gov.uk: https://www.gov.uk/funding-for-postgraduate-study

    SFW website: https://www.studentfinancewales.co.uk/postgraduate-finance/

    Education Maintenance Allowance applications are now open for 2025 to 2026!

    Students in Wales can now apply for EMA for 2025 to 2026. The quickest way to apply to apply in online.

    Applications for WGLG FE are expected to open later in the year.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 1 May 2025

    MIL OSI United Kingdom –

    May 2, 2025
  • MIL-OSI United Kingdom: Rewiring GB – A Comparison of Electricity Transmission Technologies

    Source: United Kingdom – Executive Government & Departments

    April 29, 2025

    Decarbonising energy will require major investment in new electricity transmission infrastructure.  It’s estimated that by 2035 we need to build five times more onshore transmission infrastructure than we have built in the last 30 years, and four times the amount of offshore transmission infrastructure than currently exists.

    A new report by the Institution of Engineering and Technology (IET) and Mott MacDonald called A Comparison of Electricity Transmission Technologies looks at lifetime costs of different on and offshore technologies for transmitting low carbon electricity around Britain in the next 10-15 years. Steel lattice towers, ‘T’ pylons or burying cables? What can we do to existing circuits to make better use of the network?  What are the different network requirements of solar, wind and nuclear generation vs the gas power stations we already have?  What’s most cost effective, and what impact will these changes have on the landscape/environment?

    Journalists came to this online briefing so hear from the report’s Project Board and put their questions to them.

    Speakers included:

    Prof Keith Bell, Chair of the Project Board for the IET Transmission Technologies report, and ScottishPower Chair in Future Power Systems at the University of Strathclyde

    Katherine Jackson, Project Board member and Energy Specialist

    Prof John Loughhead, Project Board member, IET Fellow and Past President, and Industrial Professor of Clean Energy at the University of Birmingham

    Prof Andrew Lovett, Project Board member and Professor of Geography at the University of East Anglia

    David Reid, one of the authors of the IET Transmission Technologies report and Global Practice Leader for integrated electricity networks at Mott MacDonald

    MIL OSI United Kingdom –

    May 2, 2025
  • MIL-OSI Global: How can Mark Carney reduce violent crime in Canada? Through prevention and youth outreach

    Source: The Conversation – Canada – By Jeffrey Bradley, Ph.D. Candidate, Legal Studies, Carleton University

    Newly elected Prime Minister Mark Carney and the governing federal Liberals must work to reverse the trends in rising violent crime. Canada needs a federal minister with clear responsibility for the prevention of violent crime, supported by a deputy minister with no other responsibilities than stopping violence before it happens.

    The evidence and successes in other countries suggest this approach could reduce violent and serious crime by 50 per cent in the next five years.

    Canadian homicide rates have increased by 50 per cent in the past 10 years, returning to levels from the early 2000s. Black and Indigenous Canadians are victimized at rates several times higher than the national rate. Intimate partner and sexual violence are at epidemic levels, with one in three women experiencing some form in their lifetime.

    Recent federal and provincial election campaigns left the impression that spending more on prisons and policing is enough to stop violent and serious crime.

    But if long prison sentences reduced violent crime, then American cities would be the safest in the world — they are not. If higher police salaries resulted in less violence in Canada, then Edmonton and Winnipeg would be Canada’s safest cities — they are not.




    Read more:
    Two years after the defund the police movement, police budgets increase across Canada


    How to truly reduce violent crime

    Current crime-fighting proposals lack concrete, evidence-based actions and proven public health strategies that are known to significantly and cost-effectively reduce violent crime.

    Over the last 50 years, research in Canada and internationally has identified a short list of programs proven to reduce violent crime by as much as 50 per cent within three years.

    These initiatives are promoted by prestigious organizations such as the World Health Organization and the United Kingdom’s Youth Endowment Fund. The non-partisan Washington State Institute for Public Policy has also demonstrated the cost-effectiveness of many of these programs compared to the dominant systems of policing and incarceration. These initiatives include:

    • Community violence interveners who build trust with the young men most involved in violence and help them go back to school, get job training and gain control over the emotions that lead to senseless violence.

    • Stop Now and Plan, developed in Toronto, reaches young men as they enter adolescence to problem-solve instead of resorting to violence.

    • The Black-led Youth Association for Academics, Athletics, and Character Education puts this science to work to tackle the high rates of deaths and injuries involving young Black men.

    • Participation in courses that prevent sexual violence by shifting societal norms about consent and encouraging students to take action as bystanders.

    The scene in the U.K. and the U.S.

    Public health strategies that diagnose the risk factors that contribute to crime and implement effective solutions have cut crime in half in other countries.

    In the 2000s, the Scottish city of Glasgow established a small violence reduction unit and organized community outreach to young men most involved in a violent lifestyle. The results were a 50 per cent reduction within three years.

    By 2020, the U.K. replicated the violence reduction unit model across more than half the country, where independent evaluations have demonstrated a 25 per cent reduction in violent crime in areas with a unit. While some areas are still facing problems with youth violence, experts point to multi-agency work as most effective when partners prioritized youth violence.

    Not satisfied with this rate of progress, British Prime Minister Keir Starmer promised in 2024 to halve knife crime in 10 years in addition to dramatically reducing the rates of violence against women in the same time period.

    In 2023 in the United States, Joe Biden’s administration established the White House Office on Gun Violence Prevention and provided funding for cities to implement proven solutions, including community violence interveners.

    Stakeholders said these efforts were helping to reduce homicides. After Donald Trump’s administration shuttered the office earlier this year, a Democratic senator tabled a bill to establish it permanently.

    The mayor of Boston based her public health strategy on convening citywide departments, community organizations and experts in violence prevention. By increasing outreach workers and teaching problem-solving skills, Mayor Michelle Wu promised to reduce violence by 20 per cent within three years — only to overachieve by cutting it by 50 per cent in two years

    What Canadian officials should do

    The Ontario Police Act calls for public health strategies called community safety and well-being plans to tackle the risk factors that contribute to crime and monitor results.

    When she was elected in 2023, Toronto Mayor Olivia Chow called for strategies to combat gun violence and violence against women. She called for “a scientific public health approach, like the one exemplified by Glasgow’s efforts to address violence as a public health issue (that) has proven effective in reducing violence.”

    Chow emphasized targeted interventions and monitoring results. But her funding has not yet followed the vision. In 2025, only $5 million was earmarked for prevention efforts, while $48 million was needed for more police and emergency services to respond to the increase in violence in Toronto.

    No Canadian officials are doing the smart planning or making the affordable and smart investments to reduce violent and serious crime significantly.

    Carney can and should lead by example. The federal government can invest in stopping violence before it happens by:

    • Developing the human capacity nationally for smart community safety planning;

    • Establishing a knowledge centre on violence prevention;

    • Shifting from its current funding model of short-term projects to partnering with the provinces via sustained and adequate funding of effective violence prevention programs.

    Prevention saves money

    Parliamentary committees have recommended an annual investment equivalent to five per cent of spending on police and corrections, or about $400 million federally, and $900 million from other orders of government.

    Research, results and best practices make clear that a 25 per cent reduction in violent and serious crime could be achieved within five years, and a 50 per cent reduction in a decade.

    That would mean 200 fewer lives lost and more than 500,000 fewer victims of violence in the next five years, and significantly less money — as much as $1.5 billion — spent annually on police and prisons.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. How can Mark Carney reduce violent crime in Canada? Through prevention and youth outreach – https://theconversation.com/how-can-mark-carney-reduce-violent-crime-in-canada-through-prevention-and-youth-outreach-254978

    MIL OSI – Global Reports –

    May 2, 2025
  • MIL-OSI Security: Assistant Attorney General Gail Slater Welcomes Antitrust Division Leadership Team

    Source: United States Department of Justice

    Assistant Attorney General Gail Slater of the Justice Department’s Antitrust Division welcomes a new member of the division’s leadership team. AAG Slater appointed Dina Kallay to serve as Deputy Assistant Attorney General for International, Policy and Appellate. Kallay joins the division’s leadership team including Principal Deputy Assistant Attorney General, four Deputy Assistant Attorneys General and Chief of Staff.

    “The DOJ Antitrust Division is truly fortunate to have in place a deep bench of experts so early in the Trump 47 Administration. Each team member brings broad experience to their government service, and I am truly grateful to them for stepping into their roles as we take over several landmark cases,” said Assistant Attorney General Gail Slater. “I look forward to working with this talented team as well as the dedicated staff of the Antitrust Division as we work together to enforce the nation’s antitrust laws.”

    The leadership team includes:

    Roger Alford serves as Principal Deputy Assistant Attorney General. Mr. Alford previously served in the first Trump Administration as Deputy Assistant Attorney General in the Antitrust Division. He is a tenured Professor of Law on leave from Notre Dame Law School, where he has taught since 2012. During that time, he also consulted on antitrust matters, including as an expert witness in the landmark 2023 real estate $1.8 billion litigation against the National Association of Realtors, and since 2019 consulting for Texas Attorney General Ken Paxton in Texas v. Google. He served as a law clerk to Judge James Buckley of the United States Court of Appeals for the D.C. Circuit, and Judge Richard Allison of the Iran- United States Claims Tribunal in The Hague, Netherlands. He also practiced law with Hogan Lovells in Washington, D.C. and was a Senior Legal Advisor to the Claims Resolution Tribunal for Dormant Activities in Zurich, Switzerland.

    He earned his B.A. with Honors from Baylor University in 1985, his M.Div. from Southern Baptist Theological Seminary, his J.D. with Honors from New York University, and his LL.M., first in class, from Edinburgh University.

    Omeed Assefi serves as Acting Deputy Assistant Attorney General with a focus on criminal enforcement. At the beginning of the second Trump Administration, Mr. Assefi served as the division’s Acting Assistant Attorney General. Prior to that position, he litigated criminal prosecutions and led complex investigations against major companies and individuals for antitrust violations as a member of the division’s Washington Criminal Section. Previously, Mr. Assefi served as an Assistant United States Attorney in the District of Columbia. There, he prosecuted violent crime in U.S. District Court as well as Superior Court.

    Before joining the U.S. Attorney’s Office, Mr. Assefi served in the Trump Administration as a Deputy Associate Attorney General in the Office of the Associate Attorney General. There, he helped supervise the Civil, Antitrust, and Civil Rights Divisions. Mr. Assefi also served as Chief of Staff of the Civil Rights Division. Mr. Assefi began his service in the Trump Administration as an Assistant Special Counsel in the White House Counsel’s Office, where he represented the Office of the President in the Department of Justice Special Counsel’s Investigation into allegations of Russian meddling in the 2016 U.S. Presidential Election. Mr. Assefi earned a J.D. from American University Washington College of Law, a M.P.P. from George Mason University’s Schar School of Public Policy, and a B.A. from Trinity College.

    Mark Hamer serves as Deputy Assistant Attorney General with a focus on civil litigation and enforcement. He has over 30 years of litigation experience in both public service and private practice.  Before returning to the Division, Mr. Hamer was a partner at a global law firm where he served as Global Chair of its Antitrust & Competition Practice Group, leading a team of over 250 competition lawyers in 43 countries. In private practice, he focused on antitrust litigation and antitrust conduct and merger investigations around the world. Mr. Hamer previously served as a trial attorney in the Antitrust Division handling both merger and non-merger litigation. Mr. Hamer received his J.D. from the University of Virginia School of Law, and a B.A. in History with High Distinction from the University of Virginia.

    Dina Kallay serves as Deputy Assistant Attorney General, Policy & International Affairs. Before joining the Antitrust Division, she was global Head of Competition Law at Ericsson. From 2006-2013, Dina served as Counsel for Intellectual Property & International Antitrust at the Federal Trade Commission (FTC) Office of International Affairs. Earlier in her career she practiced law at several law firms, most recently with Howrey LLP in Washington D.C., and worked at the European Commission’s Directorate General for Competition (DG COMP) in Brussels, Belgium

    Dina received her LL.B. magna cum laude and B.A. in economics from Tel Aviv University (1996), and her LL.M. (Int’l Economic Law) (1998) and S.J.D. (2003) from the University of Michigan in Ann Arbor, where she was a student of former Assistant Attorney General for Antitrust, Professor Tom Kauper. She has taught antitrust and intellectual property at the Hebrew, Bar Ilan and Georgetown Universities, and is a frequent writer and speaker on international antitrust and antitrust-intellectual property topics.

    William “Bill” Rinner serves as Deputy Assistant Attorney General with a focus on civil enforcement and mergers. Prior to his return to the division, Mr. Rinner was Senior Regulatory Counsel at Apollo Global Management Inc. There, he was responsible for overseeing antitrust and various other regulatory matters. From 2017-2020, Mr. Rinner served at the Antitrust Division first as Counsel to the Assistant Attorney General, and subsequently as Chief of Staff and Senior Counsel. Earlier in his career, he practiced antitrust law at two major national firms. After law school, he clerked for Hon. Richard Posner of the Seventh Circuit Court of Appeals. He received a J.D. from Yale Law School, and a B.A. in Economics from the University of Notre Dame.

    Dr. Chetan Sangvhi serves as Deputy Assistant Attorney General focused on Economics. Dr. Sanghvi has deep experience conducting economic research and analyses in the context of antitrust policy. In his tours of duty at the FTC and in private practice, he has evaluated the competitive impacts of hundreds of proposed mergers and other antitrust concerns. He has been recognized by the FTC for his “outstanding intellectual and analytical contributions to a broad range of complex economic issues arising in the FTC’s competition mission” and by professional reference publications. Dr. Sanghvi has taught at New York University, Johns Hopkins University, Rutgers University, and Trinity College and holds a PhD in economics from Rutgers University and a BA in economics from Northwestern University.

    Sara Matar serves as the Chief of Staff. Prior to this role, she served as an Assistant United States Attorney in the U.S. Attorney’s Office in Washington D.C. Sara was previously a senior advisor to Congressman Lee Zeldin on foreign policy and judiciary matters. She also served as a staff member on the House Foreign Affairs Committee where she worked on oversight and Middle East policy. Sara received her J.D from George Washington University Law School and graduated with a bachelor’s degree from Emerson College. She served as law clerk to the Honorable Judge Lynn Hughes in the Southern District of Texas.

    MIL Security OSI –

    May 2, 2025
←Previous Page
1 … 424 425 426 427 428 … 964
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress