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Category: Finance

  • Government extends NPS tax benefits to new Unified Pension Scheme

    Source: Government of India

    Source: Government of India (4)

    The Finance Ministry on Friday announced that all tax benefits currently available under the National Pension System (NPS) will also be extended to the newly introduced Unified Pension Scheme (UPS).

    The decision aims to make the Unified Pension Scheme more attractive for central government employees, providing parity between the two pension options.

    Introduced earlier this year, the UPS is available to new recruits joining the central government civil services from April 1, 2025. Existing government employees covered under the NPS have also been given a one-time option to switch to the new scheme.

    In March, the Pension Fund Regulatory and Development Authority (PFRDA) notified the rules and procedures to operationalise the scheme. With the Finance Ministry’s latest decision, employees choosing UPS will now be entitled to the same tax deductions on contributions and other tax-saving incentives as those opting for the NPS.

    The UPS has been designed to offer a more predictable retirement income by assuring a defined pension. Under the scheme, the government contributes 18.5 per cent of an employee’s basic pay and dearness allowance, while the employee contributes 10 per cent.

    By contrast, the National Pension System, which remains in place for other subscribers, operates as a defined contribution scheme without guaranteed returns.

    The Finance Ministry described the tax parity as an effort to strengthen retirement security for central government staff through “transparent, flexible and tax-efficient options”.

    The PFRDA will continue to oversee both pension schemes. Officials said the move is expected to encourage more employees to exercise their option to switch, and help the government address concerns about old-age income security.

  • Government extends NPS tax benefits to new Unified Pension Scheme

    Source: Government of India

    Source: Government of India (4)

    The Finance Ministry on Friday announced that all tax benefits currently available under the National Pension System (NPS) will also be extended to the newly introduced Unified Pension Scheme (UPS).

    The decision aims to make the Unified Pension Scheme more attractive for central government employees, providing parity between the two pension options.

    Introduced earlier this year, the UPS is available to new recruits joining the central government civil services from April 1, 2025. Existing government employees covered under the NPS have also been given a one-time option to switch to the new scheme.

    In March, the Pension Fund Regulatory and Development Authority (PFRDA) notified the rules and procedures to operationalise the scheme. With the Finance Ministry’s latest decision, employees choosing UPS will now be entitled to the same tax deductions on contributions and other tax-saving incentives as those opting for the NPS.

    The UPS has been designed to offer a more predictable retirement income by assuring a defined pension. Under the scheme, the government contributes 18.5 per cent of an employee’s basic pay and dearness allowance, while the employee contributes 10 per cent.

    By contrast, the National Pension System, which remains in place for other subscribers, operates as a defined contribution scheme without guaranteed returns.

    The Finance Ministry described the tax parity as an effort to strengthen retirement security for central government staff through “transparent, flexible and tax-efficient options”.

    The PFRDA will continue to oversee both pension schemes. Officials said the move is expected to encourage more employees to exercise their option to switch, and help the government address concerns about old-age income security.

  • Government extends NPS tax benefits to new Unified Pension Scheme

    Source: Government of India

    Source: Government of India (4)

    The Finance Ministry on Friday announced that all tax benefits currently available under the National Pension System (NPS) will also be extended to the newly introduced Unified Pension Scheme (UPS).

    The decision aims to make the Unified Pension Scheme more attractive for central government employees, providing parity between the two pension options.

    Introduced earlier this year, the UPS is available to new recruits joining the central government civil services from April 1, 2025. Existing government employees covered under the NPS have also been given a one-time option to switch to the new scheme.

    In March, the Pension Fund Regulatory and Development Authority (PFRDA) notified the rules and procedures to operationalise the scheme. With the Finance Ministry’s latest decision, employees choosing UPS will now be entitled to the same tax deductions on contributions and other tax-saving incentives as those opting for the NPS.

    The UPS has been designed to offer a more predictable retirement income by assuring a defined pension. Under the scheme, the government contributes 18.5 per cent of an employee’s basic pay and dearness allowance, while the employee contributes 10 per cent.

    By contrast, the National Pension System, which remains in place for other subscribers, operates as a defined contribution scheme without guaranteed returns.

    The Finance Ministry described the tax parity as an effort to strengthen retirement security for central government staff through “transparent, flexible and tax-efficient options”.

    The PFRDA will continue to oversee both pension schemes. Officials said the move is expected to encourage more employees to exercise their option to switch, and help the government address concerns about old-age income security.

  • MIL-OSI Africa: Chevron Reaffirms Long-Term Commitment to Africa as Diamond Sponsor of African Energy Week (AEW) 2025

    Source: APO

    Chevron’s return as a Diamond Sponsor at African Energy Week (AEW): Invest in African Energies 2025 comes as the energy major deepens its footprint across Africa, marking a renewed commitment to unlocking long-term growth opportunities in both mature and emerging markets. Chevron is ramping up its activities across the continent – securing new acreage, expanding gas infrastructure and advancing exploration efforts in high-potential basins across the continent.  

    In Nigeria, Chevron’s plan to scale up oil exploration follows a recent discovery in the Niger Delta – the Meji NW-1 well. In February 2025, Chevron extended its contract with Shelf Drilling for the Scepter jack-up rig offshore Nigeria, ensuring continuity of drilling operations through mid-2026. In Equatorial Guinea (EG), Chevron has stakes in three fields and recently entered into two production-sharing contracts for the EG-06 and EG-11 blocks. Chevron is engaged in discussions to monetize gas from the Aseng field and to develop a transboundary field between Equatorial Guinea and Cameroon.  The company has also indicated it is considering drilling an exploration well in PEL 82 in Namibia’s offshore Walvis Basin in 2026 or 2027, activating its growing African exploration portfolio. 

    In Angola, Chevron has expanded its footprint with new deepwater concessions and the Sanha Lean Gas Connection Project, which achieved first gas in December 2024 and links gas fields in Blocks 0 and 14 to the Angola LNG plant – enhancing monetization of associated gas and strengthening energy security. In 2024, the company signed two Risk Service Contracts for Blocks 49 and 50 in ultra-deepwater acreage in Angola’s Lower Congo Basin, laying the foundation for future development. Chevron’s active participation in Angola LNG, which is set to undergo expansion to accommodate new gas supplies, and as partner of New Gas Consortium underscores its commitment to the country’s gas value chain. 

    Meanwhile, in Egypt Chevron remains excited about its exploration portfolio where it has 3 blocks — including operatorship of Nargis and North el Dabaa – and continues to look for new opportunities. Chevron recognizes that Algeria holds a world-class hydrocarbon system with the potential for significant oil and gas resources. Earlier this year Chevron signed a study agreement with Algeria’s national hydrocarbons agency, Alnaft to assess potential offshore hydrocarbon resources. This expansion supports Algeria’s broader objective of boosting foreign investment and developing new reserves to sustain its export-driven energy economy. 

    “Chevron’s commitment to Africa is more than just operational – it’s strategic. Their continued investment across Nigeria, Angola and now Algeria and Namibia shows real confidence in the future of African energy. As a Diamond Sponsor of AEW 2025, Chevron is not only driving upstream and gas development, but helping shape the dialogue around sustainability, infrastructure and long-term energy security for the continent,” said Tomás Gerbasio, Vice President of Commercial and Strategic Engagement at the African Energy Chamber.  

    The energy major’s presence at AEW 2025: Invest in African Energies in Cape Town – where it will headline as a Diamond Sponsor – reflects this dual focus on opportunity and responsibility. As delegates gather to shape the future of African energy, Chevron brings to the table a proven track record, fresh investment and a long-term view of Africa as a critical pillar in the global energy mix. 

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

    Distributed by APO Group on behalf of African Energy Chamber.

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Africa: Tourism Deputy Minister G20 Tourism Priorities programme in the Northern Cape

    Source: Government of South Africa

    Tourism Deputy Minister Maggie Sotyu has engaged with communities in the Northern Cape on the G20 Tourism Priorities and their potential to advance tourism growth and sustainability.

    The Tourism G20 Community Outreach in the Northern Cape was the first in a number of planned events that will bring the G20 agenda closer to tourism communities in the country. 

    In the quest for global sustainable development, the Deputy Minister emphasised the importance of balancing the need for economic growth with social inclusion to meet present and future needs.

    “Bringing the G20 agenda closer to our communities is critical to enable us to chart a path for inclusive global sustainable development. The G20 Tourism Working Group (TWG) has been hard at work, meeting with senior officials, authorities and experts to recommend decisions in line with the agenda and priorities identified by the G20 Presidency,” Sotyu said.

    These recommendations will play a critical part in the overall goal of addressing the global socioeconomic challenges of poverty, unemployment and inequality.

    “It is therefore imperative that we engage the communities we serve to align our proposed recommendations with their present and future needs,” Sotyu said.

    The Northern Cape province is South Africa’s largest province and the most sparsely populated. Renowned for its red dunes and black-maned lions, the province is a popular tourism destination, and a haven for nature and adventure enthusiasts who enjoy exploring its diverse attractions within its national parks. 

    The province’s rich Khoi-San heritage is evident in ancient rock art sites scattered across the region. Its natural wonders, historical landmarks or the warm hospitality of its people makes the Northern Cape a must-see destination for all visitors.

    The Tourism G20 Community Outreach was held in partnership with the Northern Cape Department of Economic Development and Tourism. 

    The community engagement featured presentations on skills and empowerment programmes and tourism incentive initiatives from the Department of Tourism. 

    Small, Medium and Micro Enterprises (SMMEs) from the local communities were afforded an opportunity to showcase and sell their crafts and products at the event.

    The communities in the Northern Cape were introduced to the four G20 Tourism Priorities that will inform the 2025 G20 Action Plan on Tourism Development, namely:

    • A People-Centered Artificial Intelligence (AI) and Innovation to enhance Travel and Tourism Start-Ups and SMMEs;

    • Tourism Financing and Investment to Enhance Equality and Promote Sustainable Development;

    • Air Connectivity for Seamless Travel, and

    • Enhanced Resilience for Inclusive, Sustainable Tourism Development.

    The G20 Tourism Priorities facilitated robust discussion with the community on the need for greater consultation and collaboration between government and communities. 

    Frequent and continuous engagement will serve to better align the socio-economic needs of tourism communities to domestic and international developmental policies.

    Echoing the community’s sentiments, Sotyu affirmed government’s national development plans that reinforce increased partnerships with communities to build sustainable societies. 

    “Frequent and continuous engagement with our communities will enable us to work towards a people-centred, progressive, and solution-driven policies that find solutions to our domestic and global challenges, whilst accelerating global cooperation and multilateralism.

    “The G20 provides a significant opportunity for our provinces, cities and communities to work together to promote our culture, heritage, tourism and industrial and commercial advances.

    “I also encourage our communities to actively participate in the empowerment programmes that are offered by the three spheres of our government and help us build a nation that works for all,” Sotyu said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Home Affairs outlines key achievements at Budget Vote presentation

    Source: Government of South Africa

    Minister Leon Schreiber has outlined the key achievements recorded in the Department of Home Affairs at Thursday’s Budget Vote presentation.

    “It has been a year of remarkable progress for the Home Affairs ecosystem. I am here to confidently report to the House that the progress we have made over the last 12 months, by working as one team with one dream, has exceeded the expectations of cynics and optimists alike,” Schreiber said.

    The department has cleared a backlog of over 306 000 visa applications dating back more than a decade.

    “We produced and delivered just under 3.6 million Smart IDs, surpassing the previous annual record by nearly half a million. 

    “We deployed advanced drone and body camera technology at the border for the first time, leading to an increase of up to 215% in the detection and prevention of attempted illegal border crossings.

    “We launched Operation New Broom as part of intensified operations to restore the rule of law, leading to over 46 000 deportations — the highest figure in more than five years and more than countries like France and Germany combined,” the Minister said.

    Schreiber said the department launched the Trusted Tour Operator Scheme to boost tourism from the major source markets of China and India where South Africa has underperformed for years.

    “We enabled over 1.4 million naturalised citizens and permanent residents to obtain secure Smart IDs for the first time. We activated the Immigration Advisory Board for the first time in a decade by appointing a diverse group of seasoned experts to help shape better policies,” Schreiber said.

    Schreiber said the department dismissed 37 crooked officials and launched the dedicated Border Management and Immigration Anti-Corruption Forum that brings together law enforcement, the Special Investigating Unit, the Directorate for Priority Crime Investigations and the National Prosecuting Authority to ensure corrupt officials and fraudsters are put behind bars.  

    “Our anti-corruption work has led to the conviction of eight offenders, with sentences ranging from four to 18 years in prison.

    “We built a working prototype of the Electronic Travel Authorisation (ETA) system that will digitalise the visa processes from beginning to end, eliminating corruption and inefficiency,” the Minister said.

    Schreiber said the reforms that his department will deliver in the next 12 months will begin to redefine the quality of services that South Africans expect from their government.

    “The endpoint of these reforms is to enable both South Africans and legitimate visitors to apply and obtain enabling documents online, including in digital format, from the comfort of their own homes,” Schreiber said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Russia: Trump administration has ‘shaken’ world order in three key respects – Italian minister

    Translation. Region: Russian Federal

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

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

    ROME, July 4 (Xinhua) — The administration of U.S. President Donald Trump has “shaken” the world order in three key areas: tariffs, international taxation and the financial dimension linked to the U.S. dollar, Italian Economy and Finance Minister Giancarlo Giorgetti said on Thursday.

    “The first is tariffs, the second is international taxation. The third is the financial dimension and the relative strength of the US dollar, which is a form of implicit tariff,” he said. “We need to pay attention to these three aspects,” the official added.

    The minister stressed that a weak dollar effectively acts as an implicit tariff, making American goods cheaper and imported goods more expensive and disrupting international trade flows.

    Giorgetti’s comments come amid ongoing trade tensions between the United States and the European Union that have arisen since D. Trump’s return to the White House at the beginning of the year.

    Market data reflect the minister’s concerns. The euro was trading at around $1.175 apiece at the end of the day on Thursday, down about 14 percent since the start of the year.

    Against a broader basket of currencies, the US dollar has fallen 10.8 per cent this year, the worst first six months since 1973 and the worst half-year since the second half of 1991, the Guardian newspaper reports.

    According to Italy’s National Institute of Statistics, the country’s imports from the United States rose 18.5 percent year-on-year in May, while Italian exports to the United States increased by just 2.5 percent. –0–

    MIL OSI Russia News –

  • MIL-OSI Africa: B2Gold Namibia to Spotlight Expansion Strategy at African Mining Week

    Source: APO


    .

    John Roos, Country Manager of B2Gold Namibia, has confirmed his participation as a speaker at African Mining Week (AMW) 2025 – Africa’s premier event for the mining sector. Roos will join a high-level panel during AMW’s Gold Summit, which brings together stakeholders to explore investment and partnership opportunities in Africa’s gold-rich regions, including Namibia.

    B2Gold’s participation at AMW aligns with the company’s ongoing contribution to Namibia’s mining industry and broader economic development through its flagship Otjikoto Mine – the country’s largest gold producer. Under Roos’ leadership, the company continues to pursue strategies focused on production optimization, exploration and infrastructure development. In 2024, Otjikoto generated $486 million in revenue, contributed to national GDP through taxes and royalties and supported employment in local communities.

    AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    Looking ahead, B2Gold has allocated $7 million for exploration at Otjikoto in 2025 and an additional $10 million to de-risk the recently discovered Antelope prospect. With a pre-production capital cost of $129 million, Antelope is expected to produce 65,000 ounces of gold annually over five years. If developed, it could boost Otjikoto’s output to 110,000 ounces per year between 2029 and 2032. A final investment decision is anticipated in Q3 2025.

    The company is also advancing development at the Wolfshag underground deposit to ensure continued gold production after Otjikoto’s open-pit operations conclude later this year. Current stockpiles are expected to sustain output through 2032.

    As AMW convenes leaders and investors from across Africa’s mining value chain, B2Gold’s presence will underscore its long-term commitment to responsible investment, sustainable gold production and local beneficiation in Namibia.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • PM Modi’s Trinidad & Tobago visit highlights deepening trade, development and cultural relations

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi’s visit to Trinidad and Tobago this week highlights India’s efforts to deepen ties with the Caribbean nation. The partnership, built on historical connections dating back nearly two centuries, now spans development cooperation, trade, digital payments, and cultural exchange.

    Trade and Investment: Unlocking New Opportunities

    The Trade Agreement signed between India and Trinidad and Tobago in January 1997, which grants Most Favoured Nation (MFN) status to each other, has laid a strong foundation for expanding economic ties. Trinidad and Tobago’s strategic economic role in the Caribbean, supported by bilateral and regional trade agreements, offers Indian exporters a gateway to the wider Caribbean market and beyond.

    Bilateral trade between the two nations has shown encouraging resilience and steady growth, rising from $264 million in 2020–21 to $341 million in 2024–25. India’s major exports to Trinidad and Tobago include vehicles and parts, iron and steel, pharmaceutical products, and plastic goods. In return, India imports mineral fuels and oils, bituminous substances, mineral waxes, iron and steel, ores and ash, and aluminium from Trinidad and Tobago.

    A notable milestone came in 2024 when Trinidad and Tobago became the first Caribbean nation to adopt India’s Unified Payments Interface (UPI). This step is set to enhance digital payments infrastructure and promote greater financial inclusion.

    In recent years, India’s active participation in trade and investment conventions in Trinidad and Tobago has underlined the shared commitment to explore new opportunities. Sectors such as tourism, pharmaceuticals, information technology, renewable energy, and education are emerging as key areas for collaboration, signalling the growing potential of this bilateral economic partnership.

    Strengthening Institutional Frameworks and Development Cooperation

    The bilateral partnership between India and Trinidad and Tobago is anchored in institutional mechanisms such as the Joint Commission Meeting (JCM) and Foreign Office Consultations (FOC). The first JCM was held in 2011 in New Delhi, while the latest round of FOC took place in Port of Spain in August 2021, enabling both sides to chart the way forward for expanding collaboration.

    India’s development partnership with Trinidad and Tobago has grown steadily in recent years. During the COVID-19 pandemic, India extended critical medical support by supplying 40,000 doses of the AstraZeneca vaccine under the Vaccine Maitri initiative, along with essential medical equipment and aid.

    Beyond healthcare, India’s assistance has strengthened other priority areas as well. A $1 million India-UNDP project supported the deployment of telemedicine and mobile healthcare robots in Trinidad and Tobago. An additional $1 million was allocated for agro-processing machinery to boost food processing capacity. In line with its commitment to regional food security, Indian cooperatives have also supplied rice and edible oil to the Caribbean nation.

    Cultural Bonds: A Living Heritage

    Cultural connections between the two countries remain vibrant, anchored by the Indian diaspora’s enduring ties to its ancestral roots. Hindi language education continues to flourish, with the support of Hindi teachers and local institutions. Nearly 300 students enrolled

  • MIL-OSI: Eurocastle Releases First Quarter 2025 Interim Management Statement, Release of Liquidation Reserves and Notice of Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    EUROCASTLE INVESTMENT LIMITED

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

    Eurocastle Releases First Quarter 2025 Interim Management Statement and Announces Release of €4.6 million of Liquidation Reserves and Annual General Meeting to be held on 5 August 2025

    Guernsey, 4 July 2025 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) (“Eurocastle” or the “Company”) today has released its interim management statement for the quarter ended 31 March 2025. The Company also announces that, following quarter end, the Luxembourg fund through which it is pursuing the New Investment Strategy (“EPIF”) has reached over €61 million of investor commitments, following which the Board has determined that Eurocastle has a sustainable platform that it anticipates growing in future years. As a result, the Board has released €4.6 million of reserves generating a net increase to the Company’s Adjusted NAV of €4.0 million, or €4.01 per share after contractual incentive fees of 12.5%.

    • IFRS NAV of €22.0 million, or €22.01 per share (€22.1 million, or €22.05 per share as at Q4 2024).
    • ADJUSTED NET ASSET VALUE (“NAV”)1 of €11.4 million, or €11.43 per share2 (Q4 2024: €11.4 million, or €11.34 per share).
    • PRO FORMA ADJUSTED NAV: Pro forma for the release of the Liquidation Reserves and net of incentive fees, the Adjusted NAV as at 31 March 2025 would be €15.5 million, or €15.44 per share.
                                   
        Q4 2024 NAV   Q1 FV Movement   Q1 2025 NAV   Pro Forma Movements3   Q1 2025 Pro Forma NAV
        €’m € p.s.   €’m € p.s.   €’m € p.s.   €’m € p.s.   €’m € p.s.
    New Investment Strategy – EPIF   5.77 5.76   0.09 0.09   5.86 5.85   – –   5.86 5.85

    Legacy Italian Real Estate Funds

    		   0.06 0.06   – –   0.06 0.06   – –   0.06 0.06
    Net Corporate Cash3&4   12.28 12.26   (0.16) (0.17)   12.11 12.09   (0.57) (0.57)   11.54 11.52
    Legacy German Tax Asset   3.97 3.97   0.03 0.04   4.01 4.01   – –   4.01 4.01
    IFRS NAV   22.08 22.05   (0.04) (0.04)   22.04 22.01   (0.57) (0.57)   21.47 21.44
    Legacy German Tax Reserve5   (5.99) (5.97)   (0.02) (0.03)   (6.01) (6.00)   – –   (6.01) (6.00)
    Adjusted NAV before Liquidation Reserve   16.09 16.08   (0.06) (0.07)   16.03 16.01   (0.57) (0.57)   15.46 15.44
    Liquidation Reserves3&5   (4.74) (4.74)   0.15 0.16   (4.59) (4.58)   4.59 4.58   – –
    Adjusted NAV  

    11.35

    		 11.34   0.09 0.09   11.44 11.43   4.02 4.01   15.46 15.44
    Ordinary shares outstanding   1,001,555         1,001,555         1,001,555
                                   

          As at 31 March 2025, the Company’s assets mainly comprise:

          1.   €12.1 million, or €12.09 per share, of net corporate cash3 which is available to continue seeking investments under the New Investment Strategy.

          2.   €5.9 million, or €5.85 per share, in the Company’s first investment under the New Investment Strategy – a Luxembourg real estate fund where Eurocastle, as sponsor, generates returns through its share of investments made and certain subsidiaries receive asset management and incentive fees from third party investors.

          3.   A tax asset of €4.0 million, or €4.01 per share, representing amounts paid (and associated interest) in relation to additional tax assessed against a former German property subsidiary where the Company won the first instance of its appeal in December 2024. The German tax authorities have since appealed the decision and the Company is waiting for the date of the next hearing.

          4.   Residual interests in two legacy Italian Real Estate Fund Investments with a NAV of €0.06 million, or €0.06 per share, where the underlying apartments are now all sold and both funds are in liquidation.

    Q1 2025 BUSINESS UPDATES & SUBSEQUENT EVENTS

    • New Investment Strategy – In 2024, Eurocastle launched a Luxembourg regulated fund, European Properties Investment Fund S.C.A., SICAV RAIF (“EPIF” or the “Fund”), through which it invests alongside selected co-investors. EPIF’s key strategy is to acquire small to mid-size real estate and real estate related assets in Southern Europe with superior risk adjusted returns. The Fund initially closed with Eurocastle committing to invest €8 million alongside a €2 million commitment from its JV Partner. EPIF is now being marketed to potential investors with a target size of €100 million.

    In addition to generating attractive risk adjusted returns on its share of any investments made, Eurocastle also anticipates receiving market standard management and incentive fees from third-party investors.

    Up to the end of Q1 2025, EPIF had invested approximately €7 million. Eurocastle’s 80% share amounted to €5.5 million, while its corresponding share of EPIF’s net asset value as at 31 March 2025 stood at €5.9 million, reflecting an increase in the value of the real estate acquired to date.

    Subsequent Events to Q1 2025 – Since Q1, EPIF has received commitments of approximately €51 million from 15 investors taking the total fund size to over €61 million. In addition, prospective investors representing a further €20 million in commitments are in the final stages of due diligence.

    In June, EPIF completed its second investment, calling approximately €1 million of capital to acquire a 70% interest in a vacant office property in central Athens. The asset was acquired from a defaulted borrower at a substantial discount to comparable sales in the area.

    In addition, EPIF has an active pipeline that currently includes approximately €40 million of potential opportunities.

    • Legacy Italian Real Estate Funds –The remaining NAV for these investments of €0.06 million, or €0.06 per share, reflects cash currently reserved in the funds that is expected to be released once the fund manager resolves certain potential liabilities and liquidates each fund.
    • Legacy German Tax Matter – Prior to 2024, the Company had paid a net amount of €3.7 million in relation to the Legacy German tax matter against which it has raised a corresponding tax asset (together with associated interest). The Company, in pursuing the reimbursement of this amount through the German fiscal court, won the first instance of its appeal in December 2024. Shortly after, the German tax authorities appealed the decision through the German federal tax court and the Company is currently waiting to be notified of the date of the hearing.

                      The remaining potential exposure, associated with the same point under dispute, is estimated to be €1.7 million. This relates to the years 2013 to 2015 which remain subject to ongoing tax audits. Notwithstanding the Company’s expectation that the tax matter will eventually be resolved in the Company’s favour, as at 31 March 2025, the full potential liability of €6.0 million, or €6.00 per share (including associated defence costs and interest accrued), is fully reserved for within the Additional Reserves.

    • Additional Reserves – As at 31 March 2025, of the total Additional Reserves of €10.6 million, €6.0 million related to the legacy German tax matter with the balance of approximately €4.6 million held in reserves to allow for future costs and potential liabilities while the Company consolidated in parallel the New Investment Strategy (the “Liquidation Reserves”).

                      Subsequent Events to Q1 2025 – In light of the Company’s strengthened financial position and prospects, the Board has reviewed the level of Additional Reserves and feel it appropriate to release the Liquidation Reserves.

    Income Statement for the Quarter ended 31 March 2025 and Quarter ended 31 March 2024 (unaudited)

      Income

    Statement

    		 Income

    Statement
      Q1 2025 Q1 2024
      € Thousands € Thousands
    Portfolio Returns    
    New Investment Strategy – EPIF unrealised fair value movement 85 –
    Legacy Real Estate Funds unrealised fair value movement – (10)
    Fair value movement on Investments 85 (10)
    Other income – 4
    Interest income 109 146
    Total income 194 141
         
    Operating Expenses    
    Manager base and incentive fees 41 20
    Remaining operating expenses 195 227
    Total expenses 236 247
         
    (Loss) for the period (42) (106)
    € per share (0.04) (0.11)

    Balance Sheet and Adjusted NAV Reconciliation as at 31 March 2025 and as at 31 December 2024

          31 March 2025

    Total

    € Thousands

    		 31 December 2024

    Total
    € Thousands
    Assets      
      Other assets   115 315
      Legacy German tax asset   4,012 3,974
      Investments – New Investment Strategy – EPIF   5,855 5,770
      Investments – Legacy Real Estate Funds   64 64
      Cash, cash equivalents   12,400 12,415
    Total assets   22,446 22,538
    Liabilities      
      Trade and other payables   318 389
      Manager base and incentive fees   84 63
    Total liabilities   402 452
    IFRS Net Asset Value   22,044 22,086
    Liquidation cash reserve   (4,590) (4,748)
    Legacy German tax cash reserve   (2,000) (2,008)
    Legacy German tax asset reserve   (4,012) (3,974)          
    Adjusted NAV   11,442 11,356
    Adjusted NAV (€ per Share)   11.43 11.34

    NOTICE: This announcement contains inside information for the purposes of the Market Abuse Regulation 596/2014.

    ANNUAL GENERAL MEETING

    The Company will hold its Annual General Meeting on Tuesday, 5 August 2025, at the Company’s registered office at 3:00 pm
    Guernsey time (4:00 pm CET). Notices and proxy statements will be posted by 14 July 2025 to shareholders of record at close of business on 10 July 2025.

    ADDITIONAL INFORMATION

    For investment portfolio information, please refer to the Company’s most recent Financial Report, which is available on the Company’s website (www.eurocastleinv.com).

    Terms not otherwise defined in this announcement shall have the meaning given to them in the Circular.

    ABOUT EUROCASTLE

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

    FORWARD LOOKING STATEMENTS

    This release contains statements that constitute forward-looking statements. Such forward-looking statements may relate to, among other things, future commitments to sell real estate and achievement of disposal targets, availability of investment and divestment opportunities, timing or certainty of completion of acquisitions and disposals, the operating performance of our investments and financing needs. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may”, “will”, “should”, “potential”, “intend”, “expect”, “endeavour”, “seek”, “anticipate”, “estimate”, “overestimate”, “underestimate”, “believe”, “could”, “project”, “predict”, “project”, “continue”, “plan”, “forecast” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe future plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. The Company’s ability to predict results or the actual effect of future plans or strategies is limited. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, its actual results and performance may differ materially from those set forth in the forward-looking statements. These forward-looking statements are subject to risks, uncertainties and other factors that may cause the Company’s actual results in future periods to differ materially from forecasted results or stated expectations including the risks regarding Eurocastle’s ability to declare dividends or achieve its targets regarding asset disposals or asset performance.

    1 In light of the Realisation Plan announced in 2019, the Adjusted NAV as at 31 March 2025 reflects additional reserves for future costs and potential liabilities, which have not been accounted for under the IFRS NAV. No commitments for these future costs and potential liabilities existed as at 31 March 2025.
    2 Per share calculations for Eurocastle throughout this document are based on 1,001,555 shares, unless otherwise stated.
    3 Adjustments to reflect the release of the Liquidation Reserve.
    4 Reflects corporate cash net of accrued liabilities and other assets.
    5 Reserves that were put in place when the Company realised the majority of its investment assets in 2019 in order for the Company to continue in operation and fund its
    future costs and potential liabilities. These reserves are not accounted for under IFRS.

    The MIL Network –

  • MIL-OSI: NBPE – 2H 2025 Dividend Declaration

    Source: GlobeNewswire (MIL-OSI)

    NBPE Announces 2H 2025 Dividend

    Guernsey, 4 July 2025

    NB Private Equity Partners (“NBPE”), the $1.2bn, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 2H 2025 Dividend.

    2H 2025 Dividend

    • 2H 2025 dividend payment of $0.47 per share to be paid on 29 August 2025
    • Annualised dividend yield on 31 May 2025 NAV of 3.5% and 4.8% on closing share price of £14.36 on 3 July 2025
    • The 2H 2025 dividend is the 26th consecutive dividend paid, resulting in over $400 million declared or returned to shareholders by way of dividends, since 2013

    Dividend Information

    • While NBPE declares dividends in US Dollars, Shareholders will receive Sterling dividends at the prevailing rate at the time of currency conversion, unless an election to receive dividends in US Dollars is made on forms which are available on NBPE’s website prior to the currency election date listed below. If an investor has previously elected to receive US Dollars, that election will be used unless changed. Investors may also participate in a dividend re-investment plan (forms for which are available on NBPE’s website) if they wish to increase their shareholdings instead of receiving cash dividends.
    Distribution amount: $0.47 per Share
    Ex-dividend date: 17 July 2025
    Dividend record date: 18 July 2025
    Final day for Currency Election: 25 July 2025
    Final day for Dividend Re-investment Plan Election: 1 August 2025
    Payment date: 29 August 2025

    For further information, please contact:

    NBPE Investor Relations        +44 20 3214 9002

    Luke Mason

    Kaso Legg Communications        +44 (0)20 3995 6673

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025 unless stated otherwise.

    The MIL Network –

  • MIL-OSI Banking: Development Asia: Strategic Fiscal Policy for Public Health: The Use of Health Tax in Asia and the Pacific

    Source: Asia Development Bank

    The implementation of health taxes requires coordination and collaboration across different government agencies to ensure alignment and coherence across all sectors, particularly the Ministry of Finance (tax administration and design) and the Ministry of Health (advocating for health and evidence). Several countries in Asia and the Pacific have successfully implemented health tax strategies to improve public health and achieve health-financing goals.

    Case Study: the Philippines

    The 2012 Sin Tax reform in the Philippines marked a landmark policy shift by introducing a unitary excise tax with scheduled increases annually on tobacco and alcohol products. The reform was framed as a health policy reform rather than revenue generation. It adopted a strong intergovernmental approach, with active collaboration from the Ministry of Finance and Department of Health. The reform received tremendous support from both the public and government agencies. Between 2012 and 2018, prices of tobacco products increased by 113%, which led to a 30% plunge in smoking prevalence among adults and a 10%–18% drop among young adolescents in 2009–2021. This tax scheme also tripled tax revenues, reaching almost $3 billion in 2022.

    Despite these gains, the percentage share of health taxes remains limited, and the tobacco products are still relatively affordable due to the stagnant annual tax adjustment. The initial plan to adjust the tax every year according to inflation and population growth has not been applied, leading to limitations in deterring consumption. This emphasizes the importance of adjusting health tax rates in response to inflation, so the real value of the tax is maintained at the appropriate level.[1]

    Case Study: Thailand

    Thailand’s sugar-sweetened beverages tax, reformed in 2017 by the Ministry of Health, Ministry of Finance, and Thailand Health Promotion Foundation, represents another benchmark. It introduced a tiered-tax approach, where specific tax rates on sugar content and ad valorem (based on value) taxes were applied.

    The new ad valorem tax was reduced from 20% to a range of 0%–14% based on the type of beverage (e.g., 10% for fruit-related drinks). An additional specific tax rate was also used to adjust for sugar content, where beverages with more than 6 grams of sugar per 100 milliliters are taxed at higher rates than those with lower sugar content. During the first phase of implementation, average sugar content in beverages significantly dropped from 16.7g to 10.6g per 100ml.

    However, concerns have been raised regarding the impact of this tax on low-income populations. This situation emphasizes the need for clear and strategic communication to ensure transparency in monitoring and evaluation.

    MIL OSI Global Banks –

  • World’s biggest climate fund ramps up investment plans

    Source: Government of India

    Source: Government of India (4)

    The world’s biggest multilateral climate fund said it will make its largest ever series of investments and speed up dealmaking as it looks to help poorer nations respond to global warming.

    The Green Climate Fund’s plan to release about $1.2 billion for 17 projects mostly in Asia and Africa follows approval by shareholders including the United States at a meeting this week, against a fractious political backdrop that has seen development aid slashed.

    Official development assistance could fall 17% this year after a 9% drop in 2024, the OECD said in a June report, led by hefty cuts to U.S. aid by President Donald Trump.

    “At a time when collective climate action is more needed than ever, GCF is stepping up to deliver on its mandate,” GCF Co-Chair Seyni Nafo said in a statement.

    The GCF disbursement includes $227 million for an initiative to expand green bond markets in 10 countries. Green bond markets are where companies raise capital for projects that limit climate change or otherwise benefit the environment.

    In South Asia, it will invest $200 million in the India Green Finance Facility to scale renewables and energy efficiency, while in East Africa it will invest $150 million in the food system to support nearly 18 million people.

    All the projects will bring the GCF investment portfolio to $18 billion across 133 countries. So far, countries have pledged $29.9 billion to the GCF and paid in $21 billion.

    As well as releasing more money, the GCF board also approved plans to speed up its work with partner organisations, which can include accredited entities like other multilateral lenders and so-called Direct Access Entities in developing countries.

    From an average 30 months to accredit a DAE, the aim is to shorten the time to nine months or less by overhauling its procedures, including carrying out much of the due diligence at the project stage.

    (Reuters)

  • World’s biggest climate fund ramps up investment plans

    Source: Government of India

    Source: Government of India (4)

    The world’s biggest multilateral climate fund said it will make its largest ever series of investments and speed up dealmaking as it looks to help poorer nations respond to global warming.

    The Green Climate Fund’s plan to release about $1.2 billion for 17 projects mostly in Asia and Africa follows approval by shareholders including the United States at a meeting this week, against a fractious political backdrop that has seen development aid slashed.

    Official development assistance could fall 17% this year after a 9% drop in 2024, the OECD said in a June report, led by hefty cuts to U.S. aid by President Donald Trump.

    “At a time when collective climate action is more needed than ever, GCF is stepping up to deliver on its mandate,” GCF Co-Chair Seyni Nafo said in a statement.

    The GCF disbursement includes $227 million for an initiative to expand green bond markets in 10 countries. Green bond markets are where companies raise capital for projects that limit climate change or otherwise benefit the environment.

    In South Asia, it will invest $200 million in the India Green Finance Facility to scale renewables and energy efficiency, while in East Africa it will invest $150 million in the food system to support nearly 18 million people.

    All the projects will bring the GCF investment portfolio to $18 billion across 133 countries. So far, countries have pledged $29.9 billion to the GCF and paid in $21 billion.

    As well as releasing more money, the GCF board also approved plans to speed up its work with partner organisations, which can include accredited entities like other multilateral lenders and so-called Direct Access Entities in developing countries.

    From an average 30 months to accredit a DAE, the aim is to shorten the time to nine months or less by overhauling its procedures, including carrying out much of the due diligence at the project stage.

    (Reuters)

  • World’s biggest climate fund ramps up investment plans

    Source: Government of India

    Source: Government of India (4)

    The world’s biggest multilateral climate fund said it will make its largest ever series of investments and speed up dealmaking as it looks to help poorer nations respond to global warming.

    The Green Climate Fund’s plan to release about $1.2 billion for 17 projects mostly in Asia and Africa follows approval by shareholders including the United States at a meeting this week, against a fractious political backdrop that has seen development aid slashed.

    Official development assistance could fall 17% this year after a 9% drop in 2024, the OECD said in a June report, led by hefty cuts to U.S. aid by President Donald Trump.

    “At a time when collective climate action is more needed than ever, GCF is stepping up to deliver on its mandate,” GCF Co-Chair Seyni Nafo said in a statement.

    The GCF disbursement includes $227 million for an initiative to expand green bond markets in 10 countries. Green bond markets are where companies raise capital for projects that limit climate change or otherwise benefit the environment.

    In South Asia, it will invest $200 million in the India Green Finance Facility to scale renewables and energy efficiency, while in East Africa it will invest $150 million in the food system to support nearly 18 million people.

    All the projects will bring the GCF investment portfolio to $18 billion across 133 countries. So far, countries have pledged $29.9 billion to the GCF and paid in $21 billion.

    As well as releasing more money, the GCF board also approved plans to speed up its work with partner organisations, which can include accredited entities like other multilateral lenders and so-called Direct Access Entities in developing countries.

    From an average 30 months to accredit a DAE, the aim is to shorten the time to nine months or less by overhauling its procedures, including carrying out much of the due diligence at the project stage.

    (Reuters)

  • Indian stock market opens marginally higher, Nifty above 25,400

    Source: Government of India

    Source: Government of India (4)

    The domestic benchmark indices opened marginally higher on Friday amid mixed global cues, with early buying seen in the IT, PSU bank and financial services sectors.

    At around 9:34 am, the Sensex was trading 32.52 points, or 0.04 per cent, higher at 83,271.99, while the Nifty added 3.45 points, or 0.01 per cent, to reach 25,408.75.

    According to analysts, the Nifty 50 opened on a positive note but failed to sustain its momentum, breaching its intraday support at 25,450 and forming a bearish candlestick pattern on the daily chart.

    “This development may signal a potential trend reversal; however, further confirmation is awaited. A sustained move above 25,600 could pave the way for a rally toward 25,750,” said Hardik Matalia, Derivative Analyst at Choice Broking.

    On the downside, immediate support is seen at 25,222 and 25,120, which could act as potential entry levels for long positions, he added.

    Nifty Bank was up 9.90 points, or 0.02 per cent, at 56,801.85 in early trade.

    The Nifty Midcap 100 index was trading at 59,771.65 after gaining 88.40 points, or 0.15 per cent. The Nifty Smallcap 100 index stood at 19,051.80, up 24.75 points, or 0.13 per cent.

    Analysts said investors should watch for possible changes in the earnings growth trajectory, indications of which will emerge with the Q1 results expected soon. Outperformance is likely to be company-specific rather than sector-specific.

    Among Sensex constituents, Bajaj Finance, Bajaj Finserv, BEL, HDFC Bank and Hindustan Unilever Limited were the top gainers. Trent, Tata Steel, Tech Mahindra and Titan were among the top losers.

    On the institutional front, Foreign Institutional Investors (FIIs) extended their selling streak for the fourth consecutive day, offloading equities worth Rs 1,481.19 crore on July 3. In contrast, Domestic Institutional Investors (DIIs) continued their buying activity, purchasing equities worth Rs 1,333.06 crore on the same day.

    In Asian markets, Bangkok, Hong Kong, Japan, Seoul and Jakarta were trading in the red, while only China was trading in the green.

    In the last trading session, the Dow Jones in the US closed at 44,828.53, up 344.11 points, or 0.77 per cent. The S&P 500 ended with a gain of 51.93 points, or 0.83 per cent, at 6,279.35, and the Nasdaq closed at 20,601.10, up 207.97 points, or 1.02 per cent.

    Viram Shah, Founder and CEO of Vested Finance, said the US markets closed sharply higher on Thursday on the back of a stronger-than-expected jobs report, with 147,000 jobs added and unemployment dipping to 4.1 per cent. This helped push the S&P 500 and Nasdaq to record highs.

    —IANS

  • MIL-OSI New Zealand: Health Education – Nursing students ready to walk – NZNO

    Source: New Zealand Nurses Organisation

    Concerning interim findings of the New Zealand Nurses Organisation Tōpūtanga Tapuhi Kaitiaki o Aotearoa (NZNO) 2025 Student Survey has found most students will go overseas if they can’t get jobs in New Zealand.
    This comes as Te Whatu Ora refused to address NZNO claims around its obligation to employ new graduates in collective agreement negotiations.
    The survey was completed by 1246 nursing students, and NZNO National Student Unit Co-chair Bianca Grimmer said the results were crystal clear – “hire us or we will leave”.
    “The survey shows 61.86% of students were considering seeking a nursing job overseas if they were unable to get a new graduate job in Aotearoa New Zealand. This increased to 73% of Māori respondents.
    “This is a significant potential loss of our domestic nursing workforce.”
    Finances remained a significant issue for all students and was linked to high levels of stress by 80.39% of respondents, Bianca Grimmer said.
    “An increased fear of not getting work is exacerbated by most students’ money concerns issues, many of whom depend on funding from student loans for their survival.
    “We have a health system in crisis. At a time when we desperately need more homegrown nurses, the Government and nursing schools really need to do more to encourage students to stay in their studies and come out well and ready to nurse.”
    At least 35.61% of respondents said they did not work in paid employment and 61.58% of respondents had to significantly reduce their paid work hours during placement, she said.
    “Paying all students the minimum or living wage while on clinical placements would make a massive difference to graduate numbers. Nursing students need assistance while they study.”
    NZNO Te Rūnanga Tauira chair Davis Ferguson said Māori and Pacific students are essential, and better cultural support in nurse training would result in a health system that better meets the needs of Māori and Pacific peoples.
    “The lack of appropriate cultural support in nursing studies is an issue the Government and training providers need to urgently address.”
    The full findings of the survey will be made available on the NZNO website later this year.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Online drug shopping lands Waikato pair in court

    Source: New Zealand Police

    Litres of Fantasy or GBL, pills and other illegal substances ordered through international online sources and imported into New Zealand to be sold in the local Waikato market have been uncovered in a joint operation by Waikato Organised Crime and New Zealand Customs.

    Earlier this year, staff at Police and Customs identified a spike in the importation of GBL and 1,4-B (a drug similar to GBL), and an investigation was launched.

    On Tuesday, the Waikato Organised Crime Squad, with assistance from Customs, the Armed Offenders Squad, and other Waikato Police staff executed warrants at two residential addresses and two storage facilities.

    A total of 4L of 1,4-B, 129 cannabis plants, 1kg of dried cannabis, 100 BZP pills, and ammunition were located across the properties. This follows a previous seizure of 30L of GBL at the border.

    A 40-year-old man and 42-year-old woman were arrested and charged with a variety of offences including importing a Fantasy type substance, supplying a Fantasy type substance, supplying methamphetamine, cultivating cannabis and supplying cannabis.

    Detective Inspector Daryl Smith of the Waikato Organised Crime Squad warned those who attempted to buy drugs online that Police and Customs are on to them.

    “This investigation sends a message to drug dealers shopping online – you can’t hide behind the internet.”

    This week’s warrants also showed the value of the partnership between Customs and NZ Police to tackle international crime syndicates and the importation of illegal drugs into New Zealand, he said.

    Customs Investigations Manager Dominic Adams said Customs is committed to identifying and disrupting the smuggling of illicit substances into our country.

    “This is another great example of the collaborative work between Customs and Police. These arrests have prevented the distribution of harmful drugs into the Waikato, leaving our communities safer as a result.”

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI: Why High-Net-Worth Investors Are Turning to BTC Miner for Daily Crypto Returns Amid Market Turbulence

    Source: GlobeNewswire (MIL-OSI)

    Chicago, Illinois, July 03, 2025 (GLOBE NEWSWIRE) — Introducing BTC Miner — the cloud mining solution designed not for traders, but for wealth builders. For family offices, crypto funds, and large-scale investors seeking dependable yield in a volatile asset class, BTC Miner offers what the market cannot: stable, automated, daily income backed by clean energy infrastructure.

    Not Just Another Crypto Tool — A Full-Scale Income Engine

    BTC Miner isn’t trying to “beat the market.” It’s designed to exit the market’s chaos altogether.

    Here’s what makes it different:

    • Daily fixed payouts — earn even when BTC drops
    • No equipment, no maintenance — just automated profit
    • Powered by wind energy — slashing costs, boosting margins
    • Scalable contracts — grow your income with your capital
    • Withdraw profits or reinvest daily — full liquidity, full control

    In an era where uncertainty is the new norm, BTC Miner gives investors the one thing missing from crypto: certainty.

    $500 Free Contract to Experience the Model — No Capital Required

    BTC Miner’s offer to new users is as aggressive as it is attractive:
    Register and receive a $500 contract at no cost.
     That’s $2 in real, daily income, without any deposit or credit card.

    Reach $200 in accumulated earnings, and you can withdraw — completely free.

    For wealth managers, it’s a way to test BTC Miner’s profitability and user flow before committing real capital.

    Turn Capital into Daily Crypto Cash Flow

    Traditional Bitcoin investment is binary: price goes up, you win.
    BTC Miner rewrites that rule.

    Investors purchase cloud mining contracts that deliver predictable daily yield, regardless of BTC’s price on the open market.

    And the more you invest — and the longer the contract term — the more income you generate, with no ceiling on daily payouts.

    Some investors have integrated BTC Miner into multi-million-dollar portfolios as a crypto cash-flow engine alongside DeFi, real estate, and yield products.

    Wind Energy Infrastructure = Higher Margins + ESG Compliance

    BTC Miner operates global mining nodes powered primarily by wind farms in Northern Europe and Iceland.

    That means:

    •  Energy cost advantage = higher profits for users
    •  ESG-aligned income = ideal for institutional mandates
    • Reduced regulatory scrutiny vs. carbon-intensive operations

    For institutional capital with sustainability requirements, BTC Miner offers green mining with uncompromising returns.

    Earn Passively Through Network Effect

    BTC Miner also rewards user growth with a powerful two-tier referral structure:

    •  7% Level 1 commission
    •  2% Level 2 commission

    Invite others to participate and earn lifetime rewards based on their contract activity — no deposit required to activate this stream.

    Why the Wealthy Are Quietly Allocating to BTC Miner

    It scales: From $500 to $500,000 — the returns model adapts
    It compounds: Reinvest daily for exponential income growth
    It protects: Earn regardless of BTC price
    It’s hands-free: No tech skills, no downtime, no stress
    It’s real: Withdraw anytime. Use your income daily.

    BTC Miner is increasingly being used as a core yield-generating instrument by long-term crypto capital — not for speculation, but for strategic, systematic income generation.

    How to Get Started — and Why You Should

    1. Visit https://btcminer.net
    2. Register and claim your $500 free contract — earn daily with no investment
    3. Explore scalable plans or refer others to grow your passive cash flow

    Whether you’re an accredited investor or managing capital for others, BTC Miner can serve as your turnkey, real-yield crypto asset — with no drawdowns, no counterparty risk, and full daily liquidity.

    Learn More

    Website: https://btcminer.net

    Attachment

    The MIL Network –

  • MIL-OSI Video: Challenges and opportunities: what lies ahead for the world economy?

    Source: European Central Bank (video statements)

    Tariffs and geopolitical conflicts have created uncertainty around the world. But how does the new trade environment affect inflation and the economy? How can central banks adapt? And what is the potential impact on the dominance of the US dollar ?

    In the third episode of our special Sintra series of the ECB Podcast, our host Paul Gordon talks to London School of Economics Professor Silvana Tenreyro.

    The views expressed are those of the speakers and not necessarily those of the European Central Bank.

    Published on 4 July 2025 and recorded on 1 July 2025.

    In this episode:
    01:30 How is the world economy doing?
    What developments are having an impact on our economy today? And what uncertainties are arising from tariffs, trade fragmentation and armed conflicts in different parts of the world?

    03:30 Tariffs, trade fragmentation and the economy
    How can trade tariffs and fragmentation affect economic growth and inflation in the euro area and beyond?

    06:25 How are prices changing?
    How are prices changing in different countries? Will tariffs cause prices in the United States to rise, and those in Asia and Europe to fall? And why?

    07:55 Lessons for central banks
    Given the extremely high level of uncertainty, what lessons from past shocks can central banks apply in the future? Why do we need clearly defined frameworks? And what role do governments play?

    09:55 How can governments prepare for potential shocks?
    Investing in technologies that are difficult to substitute, diversifying energy sources and creating buffers for critical inputs – why it’s crucial that governments have a strategy to withstand various shocks.

    12:05 What is a dominant currency?
    When is a currency considered internationally “dominant”? And what dominant currencies have there been in the past?

    13:40 Dollar dominance and monetary policy transmission
    Does dollar dominance in international trade transactions reduce the effectiveness of monetary policy?

    17:30 The future of dollar dominance
    How will the dominance of the US dollar develop in the future? Is its role as a primary reserve currency at risk due to the Trump Administration’s policies?

    19:10 What keeps you up at night?
    What happens to our economy if there is a sudden shortage of a certain input? What impact will AI have if it remains largely unregulated? And what do stablecoins and digital currencies mean for our economy?

    21:00 Our guest’s hot tip

    Silvana shares her hot tip with our listeners.

    Further readings:

    Michael McLeay and Silvana Tenreyro: Dollar dominance and the transmission of monetary policy

    Sintra Series episode 1/4: Price stability in times of change

    Sintra Series episode 2/4: Adapting to change: Ensuring price stability in a new geopolitical era

    Silvana’s hot tip: I’m still here/Ainda estou aqui

    ECB Instagram
    https://www.instagram.com/europeancentralbank/

    https://www.youtube.com/watch?v=p1YYRg69syw

    MIL OSI Video –

  • MIL-OSI China: China’s global financial ranking on rise

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

    This panoramic aerial photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China’s Shanghai. [Photo/Xinhua]

    China ranks fourth in terms of its global financial competitiveness this year, following the United States, United Kingdom and Japan, with China’s rank one place higher than last year, according to a new report released at the Digital Finance Forum during the Global Digital Economy Conference 2025 in Beijing.

    The report, which evaluates 31 countries globally and was released by the Chinese Academy of Social Sciences on Thursday, states the gap between the scores of China and the US has narrowed for four consecutive years.

    Global financial competitiveness is defined as the ability of an economy’s financial system to allocate financial resources and manage risks more effectively on a global scale compared to other economies, thereby promoting economic growth and social development, according to the CASS.

    “For segmented indicators, China’s financial technology competitiveness has ranked third for two straight years, and this year’s score is significantly higher than last year, driven by notable development potential of China’s fintech industry,” said Liu Dongmin, a senior research fellow at the Institute of World Economics and Politics of the CASS.

    Meanwhile, the score of China’s fintech industry development potential index increased from 35.12 last year to 57.25 this year, and this ranking has risen from 12th last year to fourth place globally this year. Among the sub indicators, the AI talent index in China has risen from eighth place last year to fourth place this year, the report said.

    Major economies globally are actively promoting the growth of the digital economy, and China’s digital finance market is highly dynamic and ranks top in the world in terms of its market size, said Li Dongrong, former deputy governor of the People’s Bank of China.

    Last year, the market size of global digital finance exceeded $4.5 trillion, and China’s digital finance market size reached $3.2 trillion, becoming an important engine driving global growth, according to industry research company ChinaIRN.

    “China’s development of digital finance technology, especially mobile payment technology, is globally leading. Leveraging on the growth of digital technology, China’s financial services have effectively covered areas that were previously difficult to reach and the country has made effective breakthroughs in inclusive finance,” Li said at the forum.

    Chen Wenhui, former vice-chairman of the former China Banking and Insurance Regulatory Commission, said China’s application of artificial intelligence technology in the financial industry is accelerating. The digital wave has brought and will bring comprehensive transformation to the economy and society. AI is on a track with high certainty, and the financial sector should pay close attention to it.

    MIL OSI China News –

  • MIL-OSI USA: Wicker Details the Provisions of the Reconciliation Bill

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker
    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., detailed the provisions of the reconciliation bill which President Trump will soon sign into law.
    “The reconciliation bill is an investment in the future of the United States. Through this legislation, the Senate secured a down payment on a generational upgrade for our nation’s defense capabilities. Many of the key provisions of the Tax Cuts and Jobs Act will be cemented and expanded. This will stimulate the economy and benefit job creators across the country. Additionally, this legislation will help secure the southern border and unleash American energy production. This legislation delivers on the promises Republicans made to the American people in November.”
    Click here for the full legislative text.
    Below is a list of provisions in the reconciliation bill that benefit Mississippians:
    Key tax cuts from the Tax Cuts and Jobs Act are made permanent with an adjustment for inflation.
    This reconciliation bill delivers the largest tax cut for the middle class in American history.
    The Child Tax Credit is doubled from $1,000 to $2,000, and the legislation increases tax credits available for childcare expenses.
    The adoption tax credit is now partially refundable, making it more affordable for families to manage costs related to adoption.
    A 20 percent small business deduction is maintained, ensuring small businesses can continue to invest in themselves and their employees.
    A 53 percent long-run wage increase for Mississippians. This legislation ensures Mississippians will take home more dollars and have improved economic security.
    Research and development expenditures will be fully expensed for small business owners. This provision encourages innovation, boosts productivity, and improves competitiveness for businesses across Mississippi.
    The creation of permanent opportunity zones. Making opportunity zones permanent provides certainty for the individuals and companies that utilize the credit and invest in underserved communities.
    Up to a $25,000 deduction for qualified cash tips received in occupations that customarily receive tips, available to both employees and independent contractors.
    The 1099-K reporting threshold increased to $20,000 and 200 transactions. This will reduce burdensome red tape and unnecessary regulations imposed by Democrats in 2021, improving economic activity and job creation across Mississippi.
    The New Market Tax Credit is made permanent, driving investment in rural and underutilized areas across Mississippi.
    Work requirements will now be required for Medicaid coverage, ensuring these benefits are available to those who are truly in need of care. This provision will also eliminate much of the waste, fraud, and abuse within Medicaid.
    Medicaid is no longer available for illegal immigrants.
    There is an allocated $50 billion over five fiscal years for states to carry out rural health transformation plans. This funding would be available to improve access to hospitals and ensure the financial stability of rural hospitals.
    This legislation repeals $6 billion in climate related Green New Deal funds, restores lease sales blocked by the Biden administration, cuts permitting red tape, and funds resupplying the Strategic Petroleum Reserve (SPR) with American-sourced energy.
    All unspent funds and unobligated money in the Inflation Reduction Act will be rescinded.
    The methane tax is paused for the next 10 years, stopping Democrats’ natural gas tax hike, which would have increased gas prices and continued Biden’s inflationary policies.
    The Federal Communications Commissions’ (FCC) spectrum auction authority is restored until September 30, 2034. The FCC would be required to auction at least 800 megahertz—500 megahertz of Federal and 300 megahertz of non-Federal spectrum—within an eight-year period.
    There is an allocated $4.3 billion for the procurement of Polar Security Cutters, which are built at the Bollinger Shipbuilding’s Pascagoula yard.
    A total of $175 billion on funding for securing the southern border, including:
    $46.5 billion for Customs and Border Protection for construction of the border wall.
    $45 billion for expanding ICE detention capacity.
    $4.1 billion for border patrol agents, air and marine agents, and field support personnel.
    $6 billion for border technology and screening upgrades.
    $10 billion in grant funding to reimburse states for border security expenses.
    The John C. Stennis Space Center will receive $120 million for infrastructure modernization projects. As NASA’s largest rocket propulsion test facility, these investments will enable NASA to update aging facilities and support development to attract commercial companies to the site.
    The Space Launch System for Artemis Missions IV and V receives $4.1 billion. All engines in the Artemis program are tested at the Stennis Center. This will enable additional testing of engines for Artemis V to continue at the Stennis Center.
    The legislation narrows the Supplemental Nutrition Assistant Program (SNAP) exceptions for work requirements for able-bodied adults, ensures benefits are available for those who truly need it.
    SNAP is no longer available for illegal immigrants.
    Commodities reference prices are increased to account for inflation so farmers and cattlemen can produce food here in the United States. It is imperative we are not relying on other nations for the food to feed our nation.
    Farm-raised fish producers who experience losses associated with bird predation are eligible for emergency assistance in the event of a disaster.
    The competitive research grants included in this bill for agriculture research facilities will ensure the next generation of students have access to cutting-edge facilities and research opportunities.
    The Consumer Financial Protection Bureau funding would be decreased by 45 percent, limiting this unaccountable federal entity from issuing needless bureaucratic regulations that reduce consumer access to financial services.
    As Chairman of the Armed Services Committee, Chairman Wicker secured a total of $150 billion for investment in our military. Below are a few of those provisions:
    $25 billion for the Golden Dome for America. This missile defense system will shield our homeland and troops in the age of hypersonic weapons.
    $29 billion for shipbuilding and the Maritime Industrial Base. Expands the size and enhances the capability of our naval fleet. Invests in autonomous surface and subsurface technology. Builds capacity and improves infrastructure in the maritime industrial base.
    $15 billion for nuclear deterrence. Accelerates modernization of the triad. Improves readiness of our current nuclear deterrent. Invests in infrastructure needed to restore America’s ability to manufacture nuclear weapons.
    $350 million to replace antiquated business systems and inject automation and AI at the DOD. This funding would support DOGE so that the DOD can finish its first audit by end of 2028.
    $16 billion to improve readiness, including through modernization of depots, additional spare parts for aircraft, and expanded naval maintenance.    
    $9 billion for service member quality of life. These funds increase allowances and special pays, as well as improvements to housing, healthcare, childcare, and education. 
    $16 billion to expedite innovation to the warfighter. This legislation increases scale production of innovative low-cost and next-generation weapons like drones, counter-drone tech, low-cost munitions, and artificial intelligence.

    MIL OSI USA News –

  • MIL-OSI Australia: Two members of Outlaws Motorcycle Club charged with drug offences

    Source: New South Wales Community and Justice

    Two members of Outlaws Motorcycle Club charged with drug offences

    Friday, 4 July 2025 – 11:00 am.

    Detectives from Tasmania Police have charged two members of the Outlaws Motorcycle Club, including a senior club official, with serious drug offences following an ongoing investigation into organised criminal activity in the state’s North West.
    A 36-year-old man and 51-year-old man were arrested and have been formally charged with multiple drug-related offences, including trafficking in a controlled substance and dealing with proceeds of crime.
    The arrests were made as part of a targeted police operation aimed at disrupting the distribution of illicit drugs and dismantling the criminal networks facilitating their supply.
    Search warrants were executed at multiple properties in the Devonport area, resulting in the seizure of a quantity of amphetamine, methylamphetamine, steroids, drug paraphernalia, and a significant amount of cash suspected to be the proceeds of crime.
    “These arrests demonstrate Tasmania Police’s ongoing commitment to targeting outlaw motorcycle gangs and reducing the harm they cause in our communities through drug distribution and organised criminal activity,” said Detective Inspector Michelle Elmer.
    Both men will appear in the Devonport Magistrates Court at a later date.
    Investigations remain ongoing, and police urge anyone with information about illegal drug activity to contact  police on 131 444 or Crime Stoppers anonymously on 1800 333 000 or online at www.crimestopperstas.com.au.

    MIL OSI News –

  • MIL-OSI: Demo Copy now available on desktop — Start copying Lead Traders in a simulated trading environment

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, St. Vincent and the Grenadines, July 03, 2025 (GLOBE NEWSWIRE) — WOO X, a leading global crypto trading platform, is thrilled to announce that Demo Copy, a cornerstone feature of our social trading product, is now live on desktop, expanding access beyond its initial launch on mobile.

    This exciting update makes it easier than ever for traders to experience zero-cost crypto paper trading on their preferred devices.

    Demo Copy is a zero-cost crypto paper trading tool designed to help users simulate copying trades from top lead traders using virtual funds in a fully simulated trading environment. Many traders hesitate to start copy trading due to fear of loss and uncertainty about strategy performance. By replicating real trading with virtual funds, Demo Copy allows users to learn, practice, and build confidence before committing real capital.

    Since its debut on the WOO X mobile app, Demo Copy has empowered countless users to explore copy trading safely and effectively. Now, with the desktop version available, even more traders can take advantage of this innovative tool.

    Key Features

    Follow Lead Traders’ moves in real time: Track and replicate the trades of seasoned lead traders as they happen, gaining insight into their strategies without risking your own capital.

    Interactive dashboard with performance metrics: Monitor key indicators such as Return on Investment (ROI) and Profit and Loss (PnL) on an intuitive dashboard, helping you evaluate the effectiveness of different trading strategies.

    Compare Lead Traders: Explore and analyze multiple lead traders’ performance and trading styles to select the ones that align with your risk tolerance and goals.

    CounterTrading feature: Take advantage of WOO X’s innovative CounterTrading tool, which allows you to strategically hedge by taking opposite positions against lead traders when market conditions call for it.

    Learn, practice, and optimize: Demo Copy is designed to help users build confidence and sharpen their trading skills by practicing in a simulated environment before committing real funds. This hands-on experience helps avoid common pitfalls and better prepares traders for live copy trading.

    How to start copying Lead Traders on WOO X

    1. If you aren’t registered yet, create your WOO X account by signing up here: https://woox.io/en/register
    2. Learn all about Social Trading and its benefits by visiting the dedicated overview page: https://woox.io/en/social-trading
    3. Visit the Social Trading page to browse a curated list of top-performing Lead Traders, each with detailed profiles showcasing key metrics like ROI, PnL, win rate, and drawdown: https://woox.io/en/social-trading/marketplace
    4. Explore our curated selection of Hyperliquid whales tracking the performance of well-known whale traders on the Hyperliquid protocol: https://woox.io/en/social-trading/strategy?lt_id=683a65dcd94c3031fef64b78&strategy_id=6840fcb86d451a15cd8b908d

    Ben Yorke, Vice President of Ecosystem at WOO X, said:

    “We’re excited to bring Demo Copy to desktop, making it even easier for traders to experience the power of social trading without risking real capital. Demo Copy is designed to break down barriers for new and experienced traders alike by providing a zero-cost, fully simulated environment where users can learn, practice, and build confidence by following top lead traders in real time. At WOO X, we believe that by democratizing access to advanced trading tools and education, we can foster a smarter, safer, and more inclusive crypto trading ecosystem. This launch is a significant step toward that mission, enabling more people to take their first confident steps into the world of copy trading.”

    Closing remarks
    Demo Copy lowers entry barriers and encourages wider crypto adoption by providing a safe simulated environment where users can practice and test trading strategies. This accessible approach helps traders build confidence and skills before moving to live trading, making crypto markets more inclusive and approachable.

    At WOO X, our mission is to make crypto trading smarter, safer, and more accessible for everyone. To welcome new users, don’t miss our Welcome Bonus offer when you complete KYC verification: https://woox.io/blog/welcome-bonus-kyc

    Ready to start?
    Download the WOO X App or log in now to try Demo Copy today and take your first step into Social Trading: https://woox.io/download

    Contact: media@woo.network

    About WOO X
    WOO X is a global centralized crypto futures and spot trading platform offering the best-in-class liquidity and price execution. WOO X has achieved a daily volume exceeding $1.6 billion and is home to hundreds of thousands of traders worldwide. WOO X traders benefit from radical transparency through our industry-first live Proof of Reserves & liabilities dashboard and the company’s mission to maintain the trust of its growing community of traders.

    Disclaimers

    The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal advice or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

    Cryptocurrencies involve significant risk and may not be suitable for all investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

    We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce311f0f-d596-4fba-b73e-9d13005d9a61

    The MIL Network –

  • MIL-OSI: BAY Miner launches cloud mining APP, novices can also earn BTC and ETH passive income every day

    Source: GlobeNewswire (MIL-OSI)

    Miami, FL, July 03, 2025 (GLOBE NEWSWIRE) — As the Federal Reserve slows its rate hikes and the global crypto market picks up, Bitcoin (BTC) has once again broken through a key price range, attracting more and more U.S. investors seeking a stable passive income method to participate in the growth of the crypto market.

    BAY Miner announced the launch of a new generation of “zero equipment, zero complexity” cloud mining platform, which allows users to earn daily passive income from BTC, ETH, XRP, and DOGE with just a mobile phone, without the need for expensive hardware or technical maintenance.

    A BAY Miner spokesperson said: “BAY Miner is committed to making cryptocurrency mining as easy as swiping your phone. At a critical moment when the market enters a new round of growth cycle, we hope to enable more users to obtain stable daily cryptocurrency returns in a low-risk and low-threshold way.”

    Key Highlights of BAY Miner
    ◆ User-Friendly Dashboard
    Track your daily earnings, monitor contract execution, and process withdrawals seamlessly in a single, intuitive dashboard—perfect for beginners and experienced investors alike.

    ◆ Multi-Currency Support
    Deposit and withdraw USDT (TRC20/ERC20), BTC, ETH, XRP, LTC, DOGE, SOL, BCH, USDC, and more, giving users the flexibility to manage diverse crypto portfolios.

    ◆ Secure by Design
    Advanced protection with McAfee® security and Cloudflare® shields your funds and account, providing peace of mind while you earn.

    ◆ Eco-Friendly Cloud Infrastructure
    Powered by clean, renewable energy, BAY Miner operates as one of the most sustainable crypto mining platforms available.

    ◆ 24/7 Global Support
    Serving users in over 180 countries with multilingual customer support, ensuring assistance is always available when needed.

    ◆ Fully Automated Mining System
    No need to select mining pools, manage electricity, or configure complex settings. BAY Miner’s system automatically mines the most profitable assets for you, delivering true hands-off cloud mining.

    How does BAY Miner work?

    BAY Miner allows users to easily earn crypto passive income every day in three simple steps, without equipment, technology, or complicated operations:

    Step 1: Register an account and start now

    Just go to bayminer.com and quickly register with your email address. New users will immediately receive a $15 trial bonus, and an additional $0.60 bonus will be received every day when you log in.

    This zero-risk bonus allows you to experience the real benefits and process of BAY Miner without spending a penny.

    Step 2: Choose a mining contract that suits you
    BAY Miner offers a variety of flexible contracts, starting with a minimum of $100, with periods ranging from 2 days to 60 days, suitable for different budgets and income goals. All contracts are denominated in US dollars, and the system will automatically convert according to the real-time exchange rate without manual operation by the user.

    Whether you want to quickly recover blood to earn short-term profits, or want to accumulate BTC and ETH in a long-term and stable manner, passive income can continue to snowball, and there are suitable plans to choose from here.

    Step 3: Earn crypto income every day
    After purchasing the contract, BAY Miner will automatically start mining for you without any manual operation, and distribute the income to your account every day.

    You can view the income progress in real time on your personal dashboard. When the account balance accumulates to $100, you can choose to withdraw to your favorite crypto wallet such as BTC, ETH, USDT, XRP, etc., or continue to reinvest to make the income bigger.

    Real Earnings, Tangible Results
    Want to see what daily crypto income looks like with BAY Miner? Here are real examples of current plans you can choose from:

    ·BTC Free Plan: Invest $100 for 2 days, earn $4 per day, and get back $108 total.

    ·LTC Core Plan: Invest $600 for 6 days, earn $7.20 per day, and receive $643.20 in total.

    ·BTC Core Plan: Invest $3,000 for 20 days, earn $39 per day, and get $3,780 back.

    ·DOGE Core Plan: Invest $5,000 for 32 days, earn $72.50 per day, and receive $7,320 total.

    ·BTC Power Plan: Invest $10,000 for 47 days, earn $165 per day, and get back $17,755.
    BAY Miner users are making real money every day, and the returns depend on the market. For more contracts, please log in to https://bayminer.com/

    Who is suitable to use BAY Miner?
    →People who want to make money passively with their mobile phones
    →Parents who want to increase family income
    →Retirees who want to earn income with low risk
    →Students who want to make money
    →Office workers who want multiple sources of income

    Why Now Is the Best Time?
    With BTC markets recovering and global attention increasing, zero barriers, hardware-free daily payouts, security, and eco-friendliness make this the perfect time to build passive crypto income.

    Conclusion
    BAY Miner is transforming how passive crypto income is earned, enabling both beginners and professionals to earn daily BTC, ETH, XRP, and DOGE income consistently.

    Contact Information
    Official website: www.bayminer.com
    APP download：https://bayminer.com/xml/index.html#/app
    Email: info@bayminer.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Attachment

    The MIL Network –

  • MIL-OSI USA: We Have Only Just Begun

    US Senate News:

    Source: United States Senator for Wisconsin Ron Johnson

    On July 1, after the longest vote-a-rama in Senate history, the Senate passed the One Big Beautiful Bill Act by a vote of 51-50. Here is why I voted yes. 

    With President Biden in the White House and majorities in both chambers of Congress, Democrats had every opportunity to repeal the Tax Cuts and Jobs Act and increase taxes on “the rich.” They did not do so. Instead of returning to a reasonable pre-pandemic level of spending and deficits, once the economy recovered, they incurred deficits averaging $1.9 trillion over four years. If that wasn’t bad enough, President Biden also left office with open borders and raging wars.  

    By passing the One Big Beautiful Bill Act, we have avoided a $4 trillion automatic tax increase and a default on our debt. Due to the enormous messes Biden and congressional Democrats left us, we are also providing additional funding for border security and defense.   

    While the bill is a step forward, we have only just begun the difficult task of reducing spending, and there is still a long way to go. A rigorous effort will soon be announced to review every program and every line of the federal budget, looking for ways to reduce spending to a reasonable pre-pandemic level. I look forward to being fully involved in that effort to put America on a path to fiscal sustainability.

    As a follow up to my May 21 Permanent Subcommittee on Investigations’ hearing entitled, The Corruption of Science and Federal Health Agencies: How Health Officials Downplayed and Hid Myocarditis and Other Adverse Events Associated with the COVID-19 Vaccines, I asked witnesses to “send me the science” to back up their hearing testimony. 

    We kept the record open until June 5, during which time Majority’s witnesses submitted hundreds of documents — including peer-reviewed studies — and thousands of citations about COVID-19 vaccine adverse events to accompany their testimonies. These records provide substantial support for the witnesses’ claims regarding the serious health risks associated with the COVID-19 vaccines. 

    At the hearing we released a Majority staff interim report and over 2,400 pages of records detailing the failure of Biden health officials to properly warn the public of the risks of myocarditis and related heart inflammation conditions following mRNA COVID-19 vaccination. The hearing featured testimony from Dr. Peter McCullough, Dr. Jordan Vaughn, Dr. James Thorp, Dr. Joel Wallskog, and Mr. Aaron Siri, all of whom were invited  to speak about COVID-19 vaccine adverse events.

    Hawaii Governor Josh Green, the Minority’s witness at the hearing, submitted 33 pages of testimony in his written statement for the hearing. He then submitted 19 links to studies and articles to support his claims about the safety and efficacy of the COVID-19 vaccines one week after the hearing record officially closed.   

    I allowed Governor Green’s late submission to be included in the official record so that the public can compare the evidence that the governor presented in support of the COVID-19 vaccines to the multitude of documentation indicating the clear health risks associated with the injections.

    Documents and citations that the Majority’s witnesses entered into the record can be viewed here. 

    Governor Green’s submission to the record can be viewed here.

    Congratulations to Class 171 of the Joseph Project. These seven participants spent the week learning how to prepare for opportunities to put them on a successful path in the job market.

    We connect graduates with employers who are ready to hire and help with the job application and interview process. Once employment is secured, the Joseph Project provides transportation (free for one month) to participants to help establish good work habits. 

    While the U.S. Coast Guard Academy is the only service academy that does not require a congressional nomination, my staff stays abreast of the academic and service opportunities provided by this institution for young people in Wisconsin. 

    The other service academies — U.S. Military Academy (West Point), U.S. Naval Academy, U.S. Air Force Academy, and U.S. Merchant Marine Academy — require a congressional nomination in addition to your application.

    Wisconsin students should be aware the deadline for nomination applications is September 19, 2025. Visit my website for more information. 

    The Senate passed a resolution I introduced designating July as National Sarcoma Awareness Month. The resolution raises awareness of sarcoma, a form of cancer, and honors the life of Hartford’s Melissa Locke and the many other Americans that this disease affects.

    I am pleased that my resolution passed the Senate in honor of Melissa Locke and the countless other Americans who have struggled with this life-threatening disease. I hope we can continue to increase awareness of this complex form of cancer that is diagnosed thousands of times each year.

    My staff is part of the Capitol Brew Crew softball team which plays against other Congressional offices. They are 4-2 overall and the last game of the season is against the team from the Office of Sen. Tammy Baldwin on July 17. Stay tuned!

    MIL OSI USA News –

  • MIL-OSI USA: LaLota Delivers $5,000+ SALT Relief, Cuts Middle-Class Taxes, Protects Social Security, and Strengthens Long Island’s Economy

    Source: US Representative Nick LaLota (NY-01)

    WASHINGTON, D.C. — Congressman Nick LaLota (R–Suffolk County) released the following statement after voting to pass H.R. 1 – the One Big, Beautiful Bill Act, a sweeping legislative package that delivers the most significant tax relief for the middle class in a generation, includes historic investments in national security and workforce development, and provides direct financial relief to Long Island families.

    “It’s official—Congressional Republicans’ signature budget bill passed the House and is heading to President Trump’s desk,” said LaLota. “This bill quadruples the SALT cap for five years, boosts the Child Tax Credit, eliminates taxes on tips and overtime, and delivers the biggest middle-class tax cut in decades. Just the SALT provision alone means that a Long Island family earning $250,000 and paying $18,000 in property taxes will get $5,000 more back when they file their 2025 taxes—real relief I fought tooth and nail to deliver.”

    A taxpayer can calculate his or her gain under the new SALT cap here.

    “This is a pro-worker, pro-family, pro-growth bill. It avoids the $1,700 Biden tax hike that would have taken the equivalent of eight weeks of groceries from many households. Instead, it expands 529 education savings, creates newborn savings accounts, and protects Social Security and Medicare—while finally ending the provider tax scam that let states game Medicaid. Taxpayers deserve transparency, not gimmicks,” LaLota added.

    “Raising the SALT cap was the toughest legislative fight of my time in Congress. Some on the right called it a ‘blue state bailout.’ Many on the left dismissed it as welfare for the wealthy and refused to fix it—despite years of empty rhetoric. But despite opposition from 213 Members and 53 Senators, I didn’t blink. The SALT cap is now $40,000. That’s a hard-earned win for Long Island families,” said LaLota.

    Background

    What’s in the One Big, Beautiful Bill. The legislation delivers direct, measurable benefits to Suffolk County and middle-class families across the country. 

    State and Local Tax (SALT) Deduction Relief. Raises the SALT deduction cap to $40,000 for five years for households earning under $500,000, indexed to inflation. For many Long Island families, this restores nearly all the tax relief lost in 2017.

    Direct Tax Relief for Working Families. Eliminates taxes on tips, overtime, and car loan interest—putting more money back into workers’ paychecks. Prevents the $1,700 tax hike previously projected under the Biden administration.

    Pro-Family Provisions. Increases the Child Tax Credit to $2,200, expands 529 accounts to cover apprenticeships and job training, and establishes childcare and newborn savings accounts.

    Alternative Minimum Tax (AMT) and PTET Fixes. Permanently raises the AMT exemption and phase-out thresholds to prevent surprise tax hikes for upper-middle-income families. Fixes the Pass-Through Entity Tax (PTET) to help small businesses grow and reinvest locally.

    Deficit Reduction Without Touching Social Security or Medicare. Closes the Medicaid provider tax loophole that allowed states to inflate federal reimbursements—ending a long-running budget gimmick. Requires able-bodied adults to work, volunteer, or train to receive Medicaid benefits, promoting accountability while preserving care for those truly in need. All without touching a penny of Social Security or Medicare.

    Defense and Workforce Investment. $18.5 billion in warship procurement and $3.8 billion to expand the maritime industrial base—supporting local shipbuilding. Also includes:

    • $750 million for supplier development
    • $450 million for maritime workforce development grants
    • $250 million for Training in Defense Manufacturing Program

    Support for Long Island Agriculture

    • $3.3 billion for the Environmental Quality Incentives Program
    • $1.375 billion for the Conservation Stewardship Program
    • $100 million in Specialty Crop Block Grants
    • Expanded crop insurance access for small and specialty growers

    Healthcare and Hospital Funding. Delays harmful Medicaid DSH cuts through 2029, preserving critical funding for hospitals like Stony Brook. Extends Medicare telehealth access and expands Medicaid flexibility for outpatient and behavioral health care.

    Border Security and Immigration Reform. Adds immigration judges and infrastructure to clear case backlogs. Enhances ICE capacity and legal resources to adjudicate up to 1 million removal cases annually.

    Critical Infrastructure and Safety Investments

    • $12.5 billion to modernize air traffic control and hire more controllers
    • $625 million to support law enforcement and emergency coordination for the 2026 FIFA World Cup

    For a comprehensive list of policies included in the bill, click HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Chairman Graham Statement On House Passage Of The One Big Beautiful Bill Act

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham

    WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina), Chairman of the Senate Budget Committee, today made this statement after the One Big Beautiful Bill Act was passed by the U.S. House of Representatives.

    “We did it. Congratulations to President Trump, Vice President Vance, and their entire team for shepherding the One Big Beautiful Bill through the Senate and House so it can soon become the law of the land.

    “Speaker Johnson and his team also deserve tremendous credit for passing the Senate bill through the House. Senate Majority Leader Thune, Senate Finance Committee Chairman Crapo and Senator Barrasso did a fantastic job in shaping the Senate bill and securing its passage. As Senate Budget Committee Chairman, I was proud to have a leadership role in this process.

    “This bill achieves President Trump’s top domestic priorities:

    • Historic border security funding
    • Desperately needed new money for the military
    • Raising the debt ceiling to avoid default
    • Making the 2017 Trump tax cuts permanent avoiding a $4 trillion tax increase
    • Achieving the largest reduction in federal spending in history

    “The One Big Beautiful Bill will soon be law, and Americans will be far safer and more prosperous because of it.”

    MIL OSI USA News –

  • MIL-OSI USA: NEW INFO: July 4th Cookouts Will Cost More Amid Trump Tariffs

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    07.03.25
    NEW INFO: July 4th Cookouts Will Cost More Amid Trump Tariffs
    Domestic beer up 13%; popular propane grill up $30, ground beef and ice cream at their highest recorded prices ever
    EDMONDS, WA – President Trump’s unpredictable tariff policy and increasing economic uncertainty have driven up the cost of Independence Day cookout essentials, according to a new analysis by The Joint Economic Committee – Minority.
    Since Trump’s April 1 “Liberation Day” announcement, a six-pack of Miller Lite or Coors Light costs 13% more at Wal-Mart. The cost of the most popular propane grill on Amazon has risen $30. Ground beef and ice cream reached their highest prices since data first became available in the 1980s. All told, the total cost of a grocery store trip for a cookout increased by a 12.7% annualized rate since “Liberation Day.”
    “Enjoying July 4th is going to cost families more because of President Trump’s on-again, off-again tariffs,” said U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee. “These rising prices show that a tariffs-first policy puts consumers last.”
    For the past five months, President Trump has been sowing economic chaos across the country with unpredictable and ever-changing tariff announcements. His back-and-forth announcements and actions have whipsawed American businesses and consumers, as well as close neighbors and allies.
    Sen. Cantwell has been the leading Senate voice against a tariffs-first trade policy.
    In April, Sen. Cantwell introduced the bipartisan Trade Review Act of 2025 to reaffirm Congress’ key role in setting and approving U.S. trade policy, and reestablish limits on the president’s ability to impose unilateral tariffs. Her bill has since picked up 12 additional cosponsors – an equal mix of Republicans and Democrats – and been endorsed by multiple major U.S. business organizations, including the National Retail Federation, which is the largest retail trade association in the world. House members also introduced a bipartisan companion bill.
    On April 16, Sen. Cantwell joined nine local business owners and leaders at the Port of Seattle to push back against the Trump administration’s chaotic tariffs-first trade policy. On May 29, she gathered stakeholders at the Port of Seattle again to respond to the chaos caused by President Donald Trump scrambling to keep his draconian tariffs in place amid court challenges.
    “American businesses need a rules-based trade system. That means American families would have the certainty, not chaos and not higher prices. We know this: That when you start trade wars, usually that means you end up closing markets,” Sen. Cantwell said in at the May 29 press conference.
    In Washington state, two out of every five jobs are tied to trade and trade-related industries. More information about how those tariffs will affect consumers and businesses in the State of Washington can be found HERE. 

    MIL OSI USA News –

  • MIL-OSI USA: Cantwell Statement Ahead of Trump Signing Disastrous Budget Bill

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    07.03.25
    Cantwell Statement Ahead of Trump Signing Disastrous Budget Bill
    EDMONDS, WA – Today, the United States House of Representatives passed a budget bill 218 to 214; President Donald Trump has indicated his intent to sign the bill into law tomorrow morning, on the Fourth of July. U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, issued the following statement:
    “With the House green lighting President Trump’s goal of taking away health care access and food security for millions, many Americans are going to suffer, and many working families will see their costs go up. 
    “This law is the largest cut to Medicaid in history, which will raise costs for everyone’s health insurance.  Hospitals, local elected officials from both parties, and everyday Americans all begged Republicans to make changes, but they refused. They stuck to their cruel plan to kick 17 million Americans off of their health insurance and take SNAP benefits away from millions of families — all so that billionaires and corporations could get another tax cut.” 
    Sunday night, Sen. Cantwell delivered a speech on the Senate floor to highlight how various provisions included in the bill sell out the American people. That speech can be watched in full HERE; a transcript is HERE.

    MIL OSI USA News –