NewzIntel.com

Category: Finance

  • MIL-OSI: EWIA launches funding offering on Conda to drive solar business in Africa

    Source: GlobeNewswire (MIL-OSI)

    • Raising capital for growth, expansion, and diversification
    • Tokenized participation certificate issuance
    • Geschäftsmodell mit dreifachem Impact

    Munich/Accra, 10 June, 2025 – EWIA Green Investments launched a new financing round today on the digital financing platform Conda (conda-capital.com). In order to raise additional equity capital for its growth strategy, the company is issuing tokenized participation certificates worth up to €2 million through a specially established special purpose vehicle (SPV). Since its founding in 2020, EWIA has become a major player in the commercial renewable energy segment in West Africa. Following the successful launch of solar financing and operation for commercial and industrial customers in Ghana, EWIA is now pushing ahead with expansion in Nigeria and Cameroon, as well as diversification into new business areas.

    “Power generation is too expensive and dirty in large parts of Africa, and blackouts are a daily occurrence,” says co-founder and managing director Ralph Schneider. ”EWIA is helping to meet Africa’s growing energy needs with clean, affordable, and reliable solar power.” In 2020, EWIA Green Investments launched in Ghana as a dedicated solar financier, helping medium-sized businesses transition from diesel generators to clean, cost-effective solar energy. By analyzing electricity demand and refinancing potential across various industries, EWIA designs tailored solar solutions that meet the specific needs of each client.Today, EWIA also installs PV systems in-house, acting as an EPC project developer responsible for engineering, procurement, and construction. A subsidiary builds solar-powered telecom towers for mobile network operators

    Triple Impact Investment

    “By transferring capital and know-how to sub-Saharan Africa, we help local businesses operate more successfully, become more competitive, and create jobs — all crucial factors for both the economic and social development of a continent with the youngest and fastest-growing population in the world,” says co-founder and managing director Timo Schäfer. “At the same time, we offer investors in Europe the opportunity to participate in the growth potential of this dynamic market.”

    With subsidiaries currently operating in three African countries, EWIA itself already employs 76 staff — including 31 women — in highly skilled roles with long-term career prospects.

    Financing growth

    With the acquisition of SunErgy GmbH in April, EWIA expanded into Cameroon, where it is electrifying entire villages. SunErgy has been licensed by the Republic of Cameroon to establish solar power supplies for 92 villages with approximately 600,000 people, as well as schools, health centers, and private and public companies in the southwestern region of the country. As part of the transaction, investment and asset manager KGAL acquired a stake in EWIA. At the same time, EWIA is pressing ahead with its expansion into the Nigerian market – the continent’s largest economy. Over the next five years, EWIA aims to expand its project portfolio to over €63 million and significantly increase its footprint in West Africa.

    Under the current offering, investors can subscribe to participation certificates in a special purpose vehicle that holds an interest in EWIA Green Investments GmbH for a minimum amount of €250 per share. The investment has no fixed term and is based on a company valuation of approximately €12.3 million.

    As with equity, investors participate in profits and in the development of the company’s value in proportion to their share equivalent. Detailed information is available at
    https://conda-capital.com/campaign/ewia-3-0-indirekte-beteiligung/.

    With the funds from the newly launched offering, EWIA aims to solidify its market position through scalable operations, a stronger team of skilled professionals, and the continued development of the EWIAFinance.de platform

    About EWIA Green Investments

    EWIA provides small and medium-sized businesses in Africa with access to clean solar energy and serves as a bridge builder to investors in Europe as well as for the transfer of technology know-how. Based in Munich, Germany, with operating entities in Ghana, Cameroon, and Nigeria, EWIA offers private and institutional investors access to attractive impact investments in the fight against climate change and for sustainable economic growth in Africa. Private investors can also invest specifically in solar projects via ewiafinance.de.

    With EWIA’s flexible full-service financing solution, companies in Africa have the opportunity to obtain solar power, financing, security and service from a single source. In the infrastructure sector, EWIA funds and constructs mobile phone communication masts and traffic monitoring systems and equips them with PV systems. www.ewiainvestments.com

    Contact for queries:

    EWIA Green Investments GmbH
    Ralph Schneider, CEO
    ralph.schneider@EWIAinvestments.com
    +49 162 1366 984

    Schwarz Financial Communication
    Frank Schwarz
    schwarz@schwarzfinancial.com
    +49 611 58029290

    Disclaimer: Not for publication in the United States, Australia, Canada, Japan, South Africa, or any other jurisdiction outside the EU, and in particular in jurisdictions that prohibit the offering or sale of these instruments.

    Risk warning: The purchase of this investment involves significant risks, including the possibility of total loss. Please inform yourself thoroughly before investing and seek professional advice. Detailed explanations can be found at Conda Capital Market.

    The MIL Network –

  • MIL-OSI: Debt Pressure Building Up for Canadian Businesses

    Source: GlobeNewswire (MIL-OSI)

    – Delinquencies climb, credit demand dips, and regional cracks deepen –

    Equifax® Canada Market Pulse — Q1 2025 Quarterly Business Credit Trends and Insights Report

    TORONTO, June 10, 2025 (GLOBE NEWSWIRE) — After a cautiously optimistic end to 2024, Canadian businesses seem to have entered 2025 with trepidation. According to the Equifax® Canada Q1 2025 Business Credit Trends and Insights Report, delinquencies are rising for businesses across the country and credit demand is slowing, while key sectors are showing early signs of distress — especially those tied closely to consumer trends, with delinquency rates not seen since 2009.

    The Canadian Small Business Health Index1, a benchmark of business credit health and business sentiment, dropped to 99.3 in Q1 2025, a 1.5 per cent decline from the previous quarter. While still slightly above its year-ago level, the dip signals a loss of momentum following gains made late last year.

    Alongside rising delinquencies, Equifax data shows a noticeable slowdown in credit demand, as fewer businesses applied for new credit in Q1 2025, a decline of six per cent when compared to the same time period in 2024. Lower new originations and growing balances could signal growing caution among small business owners, many of whom could be choosing to manage existing debt rather than take on new risk, even with interest rates easing and inflation stabilizing.

    “The Canadian Small Business Health Index shows that business sentiment is down three per cent in Q1 2025 compared to the previous quarter,” noted Jeff Brown, Head of Commercial Solutions at Equifax Canada. “The early months of 2025 are revealing the pressures the business landscape could be facing. Many businesses are caught in a squeeze from both slowing household consumption on one hand and growing business debt stress on the other.”

    Credit Warning Signs Widen
    In Q1 2025, over 309,000 businesses — 11.3 per cent of credit active businesses — missed at least one credit payment. This marks a 14.6 per cent year-over-year increase in business delinquencies and highlights the growing financial strain across sectors.

    _______________________________

    1 The Canadian Small Business Health Index provides a holistic view of Canadian business conditions by combining data collected by Equifax Canada, Business Development Bank of Canada, Statistics Canada and the Bank of Canada.

    Accommodation & Food Services and Retail Sector Missing Payments
    The impact is particularly acute in Accommodation & Food Services, where missed payments jumped to 16.9 per cent, and in Retail Trade, where the rate hit 13.2 per cent. Both sectors are likely suffering from weak consumer spending, rising operating costs, and growing household debt levels. Average monthly consumer credit card spend2 per cardholder fell by 107 dollars during Q1, dropping to the lowest level since March 2022.

    “This seems to be a classic ripple effect,” said Brown. “Equifax data suggests when households pull back, restaurants, retailers and local service providers feel it first — and hardest. This can then travel up the supply chain, where everyone from manufacturers to transport companies feel its effects.”

    Businesses Prioritize Suppliers Over Lenders
    Delinquency trends suggest a shift in how businesses are managing limited cash flow. The 60+ day delinquency rate for financial trade (loans, lines of credit) rose from 3.0 per cent to 3.4 per cent, a 15.5 per cent increase year-over-year. In contrast, industrial trade delinquencies (typically money owed to suppliers) rose more modestly, from 5.5 per cent to 5.7 per cent.

    “Businesses are paying suppliers, but with little to spare, they may be missing banking obligation payments. This may signal that businesses are strategically recalibrating, with many businesses prioritizing supplier relationships to keep operations moving,” added Brown.

    Regional Flashpoints in PEI, Quebec, Ontario and British Colombia
    While delinquencies are rising nationwide, some provinces and industries are flashing red:

    • Ontario and British Columbia led the country in financial trade arrears, up 18.8 per cent and 19.9 per cent year-over-year, respectively.

    • Quebec and Prince Edward Island posted unusually sharp increases in industrial trade delinquencies, up 26.6 per cent and 15.9 per cent year-over-year, respectively, signaling localized stress in supplier-based credit relationships.


    Certain sectors are showing strain

    Sectors showing double-digit increases in year-over-year missed payments include Agriculture (+19.5 per cent), Transportation & Warehousing (+19.3 per cent), Real Estate (+17.0 per cent), Finance & Insurance (+16.4 per cent), and Manufacturing (+10.2 per cent).


    “Businesses across the country and across a variety of industries are showing increased vulnerabilities as broader economic uncertainty continues,” noted Brown. “Businesses will continue to need resilience and careful planning to navigate this economic environment.”

    _______________________________

    2 Average monthly consumer credit card spend comparisons have been adjusted for inflation.

    Province Analysis – 60+ days Delinquency Rates (Account Level)

    Province Delinquency Rate :
    Financial Trades
    (Q1 2025)    		 Delinquency Rate
    Change: Financial
    Trades
    (Q1 2025 vs. Q1
    2024)    		 Delinquency Rate:
    Industrial Trades
    (Q1 2025)    		 Delinquency Rate Change:
    Industrial Trades
    (Q1 2025 vs. Q1 2024)
    Ontario 3.71% 18.85% 5.63% 4.97%
    Quebec 3.49% 13.31% 4.59% 26.55%
    Nova Scotia 2.47% 1.06% 6.19% 8.05%
    New Brunswick 2.82% 5.17% 4.73% -6.22%
    PEI 2.37% 0.34% 4.45% 15.90%
    Newfoundland 2.71% -1.15% 4.90% -12.19%
    Eastern Region 3.58% 16.67% 5.21% 12.51%
    Alberta 3.49% 8.90% 7.07% -13.30%
    Manitoba 3.10% 16.43% 4.54% -1.60%
    Saskatchewan 2.79% -0.11% 6.47% 3.36%
    British Columbia 2.94% 19.93% 6.56% -10.66%
    Western Region 3.17% 13.00% 6.50% -9.74%
    Canada 3.44% 15.50% 5.69% 3.52%
             

    * Based on Equifax data for Q1 2025

    About Equifax
    At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.

    Contact:

    Andrew Findlater
    SELECT Public Relations
    afindlater@selectpr.ca
    (647) 444-1197

    Angie Andich
    Equifax Canada Media Relations
    MediaRelationsCanada@equifax.com

    The MIL Network –

  • MIL-OSI United Nations: The Geneva Call for Disaster Risk Reduction: The Co-Chairs’ Summary of the Global Platform

    Source: UNISDR Disaster Risk Reduction

    The eighth session of the Global Platform for Disaster Risk Reduction took place from 2 to 6 June 2025 in Geneva, Switzerland. It was co-chaired by Ambassador Patricia Danzi, Director-General of the Swiss Agency for Development and Cooperation, and Kamal Kishore, Special Representative of the Secretary-General for Disaster Risk Reduction and the Head of the United Nations Office for Disaster Risk Reduction.

    This edition of the Global Platform was the first since the Midterm Review of the Implementation of the Sendai Framework for Disaster Risk Reduction 2015-2030. Since 2015, countries have made significant progress, but challenges remain. Recognising this, the Global Platform was organised under the theme of “Every Day Counts, Act for Resilience Today.”

    The 8th Global Platform’s outcome document, the Co-Chairs’ Summary, is titled the “Geneva Call for Disaster Risk Reduction.” It aims to serve as a guide and a rallying call to governments and stakeholders to accelerate the implementation of the Sendai Framework in the remaining five years until 2030. The Summary concludes with an eight-point call to action: The Geneva Call for Disaster Risk Reduction:

    The Geneva Call for Disaster Risk Reduction

    Successes over the last ten years in the implementation of the Sendai Framework are a cause for optimism, especially as local actors and communities are inspiring the world with examples of how they are managing risks. As the cost of disasters increases and international assistance dwindles, urgent, more concrete actions are needed in the next five years to sustain progress towards achieving the expected outcome and goal of the Sendai Framework by 2030, thereby contributing to meeting the goals of the 2030 Agenda, and post-2030 considerations.

    1. Better data to understand risk: The collection, analysis and application of risk information should underlie all resilience-building measures. Countries need to collect and share historical data, track disaster impacts, broken down by sex, age, disability and income, and conduct predictive analyses. The use of the disaster tracking system and the Sendai Framework Monitor should be scaled up.
    2. Use technology to leapfrog progress: All countries and communities can benefit from the ethical use of emerging technologies, such as artificial intelligence, to accelerate disaster risk reduction. Technology access should be facilitated for developing countries and ‘last mile’ communities in all countries.
    3. Promote integrated risk governance and cooperation: The growing complexity of risk demands breaking institutional and policy silos and integrate plans across To that end, a comprehensive risk management approach should be pursued to integrate the implementation of climate change adaptation, disaster risk reduction, and social and environmental protection. International and regional cooperation needs to be enhanced to address transboundary and emerging risks, such as glacial lake outburst floods, sea-level rise and sand and dust storms, as well as extreme heat in line with the UN Secretary-General’s Call to Action on Extreme Heat.
    4. Invest in prevention: Increasing funding for disaster risk reduction is crucial to generate benefits across the development, humanitarian and climate agendas. This includes funds from domestic public budgets and climate finance, also leveraging innovative mechanisms with the private The Fourth International Conference on Financing for Development is an opportunity to scale this up. International funding and technical assistance, as mutually agreed, should be enhanced for the most at-risk developing countries, as well as countries in fragile and conflict settings. Capacity building for disaster risk management can be reinforced through the Santiago network.
    5. Risk-inform all investments: When disaster risks are ignored, even the most ambitious development projects are likely to Public and private investments should be guided by a thorough understanding of disaster risk. For example, investment in the resilience of the education sector has a multiplier effect. Implementing the Comprehensive School Safety Framework will help protect children and youth from disasters.
    6. Scale-up early warning systems: Despite their value in reducing disaster deaths, nearly half of the world still lacks MHEWS. Achieving ‘Early Warnings for All’ requires increased international support and national ownership. Moreover, investing in anticipatory action, social safety nets and combating inequality can minimise disaster impacts and expedite
    7. Leave no one behind: All members of society can be leaders and agents for resilience. Governments and stakeholders should ensure full-scale implementation of the Sendai Gender Action Plan, the Global Children and Youth Call to Action and recommendations for accelerating disability inclusion.
    8. Prepare to ‘Build Back Better’: The Priority Actions to Enhance Readiness for Resilient Recovery provide a guide for countries to better plan how they will Build Back Better after Moreover, recovery efforts should be inclusive to address social and cultural needs.

    Download the Co-Chairs’ Summary 

    MIL OSI United Nations News –

  • MIL-OSI: HTX Ascends in Global Rankings: Solidifying Web3 Leadership Grounded in User Trust

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, is proud to announce its significant climb in comprehensive rankings across multiple authoritative crypto data platforms. This remarkable upward trajectory underscores HTX’s burgeoning recognition and reinforces its position as a trusted leader among users worldwide.

    HTX continues to earn global user trust through its unwavering commitment to excellence in security, trading depth, user experience, and robust ecosystem development, firmly establishing itself as a pivotal force in the Web3 space.

    HTX’s Global Influence Soars as It Climbs Authoritative Rankings

    CoinGecko: HTX’s ranking on CoinGecko, a globally authoritative crypto data platform, has dramatically risen from 13th to 7th place. This achievement not only reflects a notable improvement in the exchange’s overall strength but also underscores its outstanding performance in global user activity, security, and transparency. As a benchmark for crypto asset security ratings, CoinGecko’s ranking further affirms HTX’s continued efforts to optimize its security systems and drive technological innovation.

    Source: CoinGecko

    CoinMarketCap (CMC): HTX has secured the 9th spot on CMC, jumping from 15th on the world’s most visited Web3 platform. This significant milestone strengthens HTX’s status as a top-tier exchange in the minds of global Web3 users, reflecting its rising influence, growing user trust, and expanding international presence in the crypto space.

    Source: CoinMarketCap

    DefiLlama: HTX maintains its 6th position on DefiLlama, a key platform for North America. This consistent ranking showcases HTX’s active presence and solid market share in the region, supported by its dedication to global regulatory compliance and its commitment to delivering a secure, transparent trading environment to users.

    Source: DefiLlama

    Kaiko: HTX has advanced from 10th to 8th position on Kaiko, a respected platform among North American high-end crypto users, and received an “AA” rating. Kaiko evaluates the comprehensive performance of over 100 mainstream trading platforms worldwide across six key dimensions: governance, liquidity, technology, business capabilities, security, and data quality. This accolade highlights HTX’s excellence in business and technological capabilities, as well as its strong security measures, emphasizing its competitive edge in the high-end market.

    Source: Kaiko

    CryptoRank: HTX proudly holds the 3rd position on CryptoRank, a popular platform in the CIS region. This ranking showcases HTX’s deep market penetration and growing brand strength, reinforcing its status as a trusted international trading platform for CIS users.

    Source: CryptoRank

    HTX Builds Global Trust with a User-First Approach

    HTX’s consistent ascent in global rankings underscores its steadfast dedication to user asset security, innovative product development, strategic global expansion, and robust service infrastructure. Guided by its core philosophy of “Putting Users First and Ensuring the Security of User Assets,” HTX continually refines its security, enhances the trading experience, and delivers diverse, innovative products worldwide. This unwavering commitment has earned HTX widespread global recognition, solidifying its position as a leader in the crypto market.

    According to official data, HTX has published its asset reserve records for 32 consecutive months, reaffirming its position as one of the most transparent platforms in the industry. Over the past three months, it has seen a remarkable increase in total asset balances. Notably, USDT holdings have surged from approximately 665 million to 1.15 billion, marking a month-over-month growth of over 30% in May. This reflects HTX’s commitment to strengthening asset reserves and enhancing user asset protection.

    Moving forward, HTX will continue to prioritize user needs, driving continuous improvements in platform security, trading depth, and service quality. Our vision is clear: to establish HTX as the world’s foremost comprehensive Web3 trading platform.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord.

    For further inquiries, please contact Ruder Finn Asia, glo-media@htx-inc.com

    Disclaimer: This is a paid post and is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/71a4ab6f-87c8-4abf-9397-bd1c96dd2c38

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3de1e080-041d-47b8-988c-6a2f7de5e6ff

    https://www.globenewswire.com/NewsRoom/AttachmentNg/02121c54-4403-4427-929e-97859c679178

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8e4d98d6-08d1-43ec-9e9b-6d8ca2a116a1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4bd5342d-4579-47d8-94dc-e30436a46ff0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/61261585-ac35-4b5f-bb7e-13ca1232154c

    The MIL Network –

  • MIL-OSI Economics: Christine Lagarde: Stemming the tide: safeguarding our ocean and economy

    Source: European Central Bank

    Speech by Christine Lagarde, President of the ECB, at the Blue Economy and Finance Forum in Monaco

    Monaco, 7 June 2025

    It is a pleasure to speak at the Blue Economy and Finance Forum.

    In his 1857 poem “Man and the Sea”, Charles Baudelaire explored the deep kinship between the ocean and humanity.[1] For Baudelaire, they were two forces drawn together by awe, fascination, and even conflict.

    Today, that dynamic has taken on a new and troubling dimension. We rely on the ocean for climate stability and economic prosperity, yet we are fuelling a climate crisis that threatens to undermine the very system we depend on. We cannot let that happen.

    Baudelaire described the sea as a “mirror” to the human soul. We now need to take a hard look in that mirror and ask ourselves: what can we do to stem the tide of this crisis, to safeguard our ocean and economy?

    This morning’s two panel discussions will go a long way towards answering that question. But I would like to take this opportunity to open the plenary session with a few thoughts – about what is at stake, and what stakeholders can do about it.

    The ocean’s importance for our climate and economy

    The ocean is home to 95% of the planet’s biosphere.[2] It spans environments as varied as sunlit coral reefs and pitch-black abyssal plains. And it supports an immense range of life, from countless microscopic organisms to the world’s largest animal, the blue whale.

    Given the ocean’s richness, it is worth preserving in its own right. But its value does not end there – the ocean also benefits humanity in two vital ways.

    First, it is one of the planet’s most powerful allies in the fight against climate change.

    The ocean helps to regulate global temperatures by absorbing vast amounts of heat and redistributing it through major currents like the Gulf Stream. It is also the world’s largest carbon sink, reducing the amount of carbon dioxide in the atmosphere and helping to slow global warming.

    The Intergovernmental Panel on Climate Change finds that the ocean has absorbed over 90% of the excess heat trapped in the earth’s system, as well as a third of the carbon dioxide that humans have emitted since the Industrial Revolution.[3]

    Second, a sustainable ocean serves as an important pillar supporting the global economy, providing for food security and economic opportunities.

    Marine ecosystems support over three billion people who rely on fish for at least 20% of their animal protein intake. Indeed, this dependency is more pronounced in some of the least-developed countries, where seafood provides most of the animal protein consumed.[4]

    These ecosystems also help sustain employment opportunities. More than 150 million jobs depend on the production, trade and consumption of ocean-based goods and services, according to the United Nations.[5] The ocean is also home to key natural resources, such as medicines and biofuels, which are vital for ongoing advances in healthcare and clean energy sectors.

    So, there is a great deal at stake in preserving the ocean’s health.

    The threat of climate change

    But today we are placing the sustainability of our ocean under extraordinary stress, with serious implications for both our climate and economy.

    Without the ocean’s capacity to absorb heat and carbon, we would have had to contend with a faster, even more dangerous pace of global warming. Yet there are now signs that this capacity is becoming strained.

    The last ten years were the ocean’s warmest on record. Warmer oceans are driving more frequent marine heatwaves, which damage ecosystems, and have been a major contributor to rising sea levels due to the thermal expansion of seawater. The rate at which the global mean sea level is rising has more than doubled over the past three decades.[6]

    On top of this, the ocean’s absorption of carbon dioxide is driving acidification.

    Combined with ocean warming, acidification is contributing to the bleaching and death of coral reefs, which are vital for supporting fisheries and protecting coastlines from storms. Since 2023 over 80% of the world’s coral reefs have been affected by bleaching.[7]

    We find ourselves in dangerous waters. Together, these changes could have profound consequences for the global economy.

    Food security may be undermined, potentially leading to more volatile prices, which is a concern for central banks tasked with safeguarding price stability. And if coastal areas become unliveable due to rising sea levels or frequent flooding, people may be forced to move. More than 600 million people around the world live in coastal areas that are less than ten metres above sea level.[8]

    Stemming the tide

    So, what can we do to stem the tide of these troubling developments? We may not be able to fully reverse the damage done, but we can work towards slowing its momentum, potentially even stopping it, by acting on two important fronts.

    First, we need to protect. That means cutting greenhouse gas emissions decisively and keeping the goals of the Paris Agreement within reach.

    If we succeed in doing so, we could limit sea level rise to around half a metre by the end of the century. That might not sound reassuring. But every tenth of a degree we avoid is a piece of coastline preserved, a reef protected or a storm surge weakened.

    We also need to protect the natural systems that shield us from floods. Nature-based solutions – for instance, restoring mangroves, marshes and coral reefs – offer powerful, cost-effective defences against extreme weather. Coral reefs alone can reduce wave energy by an average of 97% while supporting fisheries, tourism and coastal livelihoods.[9]

    The second front is just as important: we need to prepare.

    Whether we like it or not, climate-related risks are materialising. We need to adapt our infrastructure and economies to a more volatile world. That includes building sea walls and surge barriers and budgeting for resilience rather than reacting after disaster strikes.

    Make no mistake: adaptation will be costly. According to UN assessments, costs could run into the hundreds of billions of dollars globally each year by mid-century.[10] But the cost of inaction would be far higher. One study estimates that failing to keep global temperatures below two degrees above pre-industrial levels could lead to USD 14 trillion in global annual flood costs by 2100.[11]

    To meet this challenge, we need to catalyse finance for marine and coastal conservation – for instance, through innovative approaches that convert natural capital into financial capital.[12]

    This can be especially impactful for vulnerable countries with limited fiscal space. Above all, we must listen to the communities affected, treating their needs as a basis for our actions rather than an afterthought.

    Let me conclude.

    Baudelaire reminds us that the sea is a mirror of our own nature, which can either heal or harm.

    So, let us choose to heal. That means nurturing the ocean’s rich diversity and facilitating finance to support innovative adaptation measures that build more resilient communities and a stronger global economy.

    Thank you.

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Local Economic Partnership launch marks milestone in borough’s economic development strategy

    Source: Northern Ireland City of Armagh

    Lord Mayor, Alderman Stephen Moutray and Chief Executive Roger Wilson OBE at the launch of the new Local Economic Partnership. Pictured with (L-R) Michelle Craig (DfE), Ian Snowden (Permanent Secretary of DfE) and Ethna McNamee (Invest NI)

    Armagh City, Banbridge and Craigavon Borough Council successfully hosted the inaugural meeting of the new Local Economic Partnership (LEP) on Monday 9th June at The Palace Demesne, Armagh, marking a significant step forward in the borough’s drive to strengthen economic growth and collaboration.

    The meeting brought together a broad and diverse group of stakeholders to lay the foundation for the newly established partnership, which is being supported by £4.5 million in funding from the Department for the Economy (DfE) over the next three years.

    The LEP aims to identify key barriers to economic development across the borough and to co-design and deliver interventions that enhance the region’s value proposition, support local enterprise, and promote innovation and skills development.

    The Partnership includes four elected members—Alderman Paul Greenfield, Councillor Joy Ferguson, Councillor Kevin Savage and Councillor Kyle Savage —along with representatives from Southern Regional College (SRC), Business Partnership Alliance (BPA), Labour Market Partnerships (LMP), Community Planning, Invest Northern Ireland, and the Department for the Economy.

    Reflecting on the launch of the LEP, Lord Mayor of Armagh City, Banbridge and Craigavon, Alderman Stephen Moutray, said: “The first meeting of the ABC Local Economic Partnership was a defining moment for our Borough. We are now in a stronger position than ever to work hand-in-hand with our partners to unlock potential, boost competitiveness, and build a sustainable economy that serves everyone in our communities.”

    Ian Snowden, Permanent Secretary of the Department for the Economy, attended the event to mark this important milestone, and said: “One of the Minister for the Economy’s four priorities is achieving better regional balance to make sure that all areas share in greater economic prosperity.  Local Economic Partnerships are the centrepiece of our Sub-Regional Economic Plan.  They will identify the main barriers to economic development and the interventions that will help to unlock the area’s potential.  The Department is providing the Partnerships with dedicated funding to support their work.”  

    The Council reaffirmed its commitment to supporting economic development through strategic collaboration and long-term investment, ensuring that the Armagh City, Banbridge and Craigavon Borough remains a thriving hub for business, innovation, and opportunity.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Football betting firm boss banned after company went into administration owing investors more than £10 million

    Source: United Kingdom – Executive Government & Departments

    Press release

    Football betting firm boss banned after company went into administration owing investors more than £10 million

    The company was making substantial losses when it accepted additional investment from bondholders it was never going to be able to repay

    • Former sports presenter Alan Bentley has received an 11-year directorship ban after his football betting firm collapsed owing investors over £10 million, having continued to collect £1.5 million in investments despite no evidence of trading activity 

    • His company, Bentley Global (UK) Limited, promised investors returns of up to 20% by using a football betting algorithm, but financial records showed trading losses of millions of pounds with no recorded turnover 

    • Insolvency Service investigations found that the company had “no reasonable prospect” of repaying investors despite continuing to accept their money 

    The founder of a football betting investment firm has been banned as a director after his company went into administration owing investors more than £10 million. 

    Former television presenter Alan Bentley allowed his Bentley Global (UK) Limited company to obtain more than £1.5 million from investors during late 2019 and the first half of 2020, promising returns of up to 20%. 

    Investors’ funds were to be used to place bets on the outcomes of football matches using an artificial intelligence algorithm called Algol88.  

    However, no evidence was produced that Bentley Global (UK) Limited was actually betting on football matches in that period. 

    Bentley Global (UK) Limited also had no known source of trading income in that time, having suffered losses of more than £5 million by August 2019 and over £4 million by August 2018. 

    The 63-year-old, of Ongar Road, Kelvedon Hatch, Essex, has been banned as a company director for 11 years. 

    Bentley’s brother, Brian Bentley, was also disqualified as a company director in 2024 for misconduct while he was a director at Bentley Global (UK) Limited. 

    Brian Bentley, 62, of Anchorage Lane, Doncaster, was banned as a director for six years, with his disqualification running until April 2030. 

    Kevin Read, Chief Investigator at the Insolvency Service, said: 

    Alan Bentley’s company secured more than £1.5 million from hundreds of investors under a bond investment scheme during a nine-month period in 2019 and 2020 when there was no evidence of any trading. 

    Bentley knew the company had made huge losses and was unable to pay its debts. His company had no reasonable prospect of being able to repay the investments and interest payments under the bond scheme because of its dire financial position. 

    Directors have a responsibility to be honest and transparent with investors, especially when handling their money. This case sends a clear message that those who abuse their position and mislead investors will not be able to continue to act as company directors.

    Bentley Global (UK) Limited began receiving funds from investors in 2018 under a bond investment scheme. 

    The scheme offered annual interest payments between 12% to 20% and repayment of the investment funds at the end of three years. 

    Bentley Global (UK) Limited’s accounts for the periods ending 31 August 2018 and 31 August 2019 recorded no turnover for the company. 

    Trading losses of £4.137 million and £5.321 million were recorded for the same periods. 

    Despite this, Bentley Global (UK) Limited continued to acquire money from investors. 

    A total of £1.597 million was secured from investors across the world between 4 September 2019 and 16 June 2020. 

    Bentley has not disputed that there is no evidence of the company carrying out its stated trading activity of betting on football matches in that period. The company also had no known source of trading income during that time. 

    Bentley Global (UK) Limited owed £10.065 million to investors when it went into administration in May 2022. 

    The Official Receiver has since been appointed as liquidator and is overseeing the winding-up of the company and identification of any potential assets. 

    The Secretary of State for Business and Trade accepted a disqualification undertaking from Alan Bentley, and his ban started on Wednesday 4 June. 

    It prevents him from being involved in the promotion, formation or management of a company, without the permission of the court. 

    Further information 

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Mexican National charged with assaulting federal officers

    Source: Office of United States Attorneys

    Suspect crashed truck into two law enforcement vehicles injuring ICE-HSI and CBP officers

    Seattle – A citizen of Mexico residing illegally in Stanwood, Washington, appeared in U.S. District Court in Seattle today charged with two counts of assault on a federal officer, announced Acting U.S. Attorney Teal Luthy Miller. Victor Vivanco- Reyes, 25, was being sought by a team from Homeland Security Investigations (HSI), Enforcement Removal Operations (ERO), U.S. Border Patrol, and Customs and Border Protection’s Air and Marine Operations (CBP AMO) due to his criminal convictions and lack of status in the United States. Vivanco-Reyes remains detained pending a hearing scheduled for June 13, 2025.

    According to the criminal complaint, on May 22, 2025, HSI Special Agents attempted to locate Vivanco-Reyes in the Mount Vernon, Washington area. When his vehicle was located in a residential area, HSI agents activated the lights and sirens on their cars to get Vivanco-Reyes to stop. After pausing briefly at a driveway, Vivanco-Reyes accelerated away from the officers, driving at a high rate of speed in a residential area. Because of the reckless driving and risk to the community, the agents ended their attempt to arrest him.

    On June 6, 2025, the agents again attempted to locate Vivanco-Reyes. Just after 9:30 am, agents with HSI, ERO, the U.S. Border Patrol, and CBP AMO were able to locate a work truck associated with Vivanco-Reyes’s apparent employer.  The work truck was towing a trailer on Cascade View Drive on Camano Island, Washington.  Using three different vehicles, the federal agents attempted to block the north and southbound lanes so that Vivanco-Reyes could be taken into custody. When the agents activated their lights, the truck and trailer accelerated right at the one of the vehicles, hitting it on the front passenger side. Ultimately the truck and trailer crashed head-on into another government car that was a short distance down the road. The truck continued on, driving into a ditch and hitting a power pole. Vivanco-Reyes tried to flee on foot but was taken into custody.

    Two of the agents who were injured in the collisions were taken to area hospitals.

    Assault on a federal agent with a deadly weapon is punishable by a term of imprisonment of up to 20 years and a $250,000 fine.

    The charges contained in the criminal complaint are only allegations.  A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.

    The case is being investigated by Homeland Security Investigations.

    The case is being prosecuted by Special Assistant United States Attorney Jessica M. Ly.

    MIL Security OSI –

  • MIL-OSI Security: 5 Men Plead Guilty for Role in Global Digital Asset Investment Scam Conspiracy Resulting in Theft of More than $36.9 Million from Victims

    Source: Office of United States Attorneys

    LOS ANGELES – Five men have pleaded guilty for their roles in laundering more than $36.9 million from victims of an international digital asset investment scam conspiracy that was carried out from scam centers in Cambodia, the Justice Department announced today.

    The following defendants were part of an international criminal network that induced U.S. victims, believing they were investing in digital assets, to transfer funds to accounts controlled by co-conspirators and that laundered victim money through U.S. shell companies, international bank accounts, and digital asset wallets:

    • Joseph Wong, 33, of Alhambra;
    • Yicheng Zhang, 39, of China;
    • Jose Somarriba, 55, of Los Angeles;
    • Shengsheng He, 39, of La Puente; and
    • Jingliang Su, 44, of China and Turkey.

    As part of the conspiracy, co-conspirators residing overseas contacted U.S. victims directly through unsolicited social media interactions, telephone calls, text messages, and online dating services and gain the victims’ trust.

    The co-conspirators then promoted fraudulent digital asset investments to the victims. Scammers would tell victims that their investments were appreciating in value when, in fact, those funds were stolen and not invested at all.

    Instead, more than $36.9 million in victim funds were transferred from U.S. bank accounts controlled by the co-conspirators to a single account at Deltec Bank in the Bahamas, opened in the name of Axis Digital Limited.

    Somarriba, He, and Su directed Deltec Bank to convert victim funds to the stablecoin Tether (USDT) and to transfer the converted funds to a digital asset wallet controlled by individuals in Cambodia. From there, co-conspirators in Cambodia transferred the USDT to the leaders of scam centers throughout the region including in Sihanoukville, Cambodia.

    Somarriba and He founded Axis Digital and opened the Deltec Bank account. Su joined Axis Digital as a director and participated in the digital asset conversions and transfers of victim funds.

    Wong managed a network of money launderers in Los Angeles who registered shell companies, opened U.S. bank accounts, and wired victim funds to international bank accounts. Zhang opened and operated two U.S. bank accounts used to launder victim proceeds.

    Zhang and Wong pleaded guilty to money laundering conspiracy. They each face a maximum penalty of 20 years in prison. Zhang has been in custody since May 2024. He, Somarriba, and Su pleaded guilty to conspiracy to operate an unlicensed money services business. He, Somarriba, and Su each face a maximum penalty of five years in prison. Su has been in custody since November 2024 and has a sentencing hearing scheduled for November 17.

    Eight co-conspirators have pleaded guilty so far, including Daren Li, a national of China and St. Kitts and Nevis and former resident of Cambodia and the United Arab Emirates who has been in U.S. custody since April 2024, and Lu Zhang, a Chinese national illegally in the United States who managed a network of U.S.-based money launderers, who pleaded guilty to conspiracy to commit money laundering on Nov. 12, 2024 and May 13, 2024, respectively.

    The United States Secret Service’s Global Investigative Operations Center is investigating the case. The Homeland Security Investigations’ El Camino Real Financial Crimes Task Force, Customs and Border Protection’s National Targeting Center, U.S. Department of State’s Diplomatic Security Service, Dominican National Police, and U.S. Marshals Service provided valuable assistance.

    Assistant United States Attorneys Maxwell Coll and Alexander Gorin of the Cyber and Intellectual Property Crimes Section, Assistant United States Attorney Nisha Chandran of the Major Frauds Section, and Trial Attorneys Stefanie Schwartz of the Criminal Division’s Computer Crime and Intellectual Property Section and Tamara Livshiz of the Criminal Division’s Fraud Section are prosecuting these cases.

    If you or someone you know is a victim of a digital asset investment fraud, report it to IC3.gov. 

    MIL Security OSI –

  • MIL-OSI Security: Onondaga County Man Pleads Guilty to Possession of Child Pornography and Supervised Release Violations

    Source: Office of United States Attorneys

    SYRACUSE, NEW YORK – Edward McKeraghan, 59, of Syracuse, New York pled guilty last week in United States District Court to possession of child pornography, and also admitted violating conditions of his federal supervised release.  United States Attorney John A. Sarcone III and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI) made the announcement. 

    McKeraghan, a federally convicted sex offender on supervised release for a prior child pornography offense, admitted that he possessed child sexual abuse material on an unreported and unmonitored internet-capable phone that he obtained in violation of his conditions of federal supervision.  The phone was discovered by the United States Probation Office during a routine home visit.

    Sentencing is scheduled for October 15, 2025.  For the child pornography offense, McKeraghan faces a mandatory minimum sentence of 10 years in prison, with a maximum sentence of 20 years, a fine of up to $250,000, and a term of supervised release of at least 5 years and up to life.  He also faces up to an additional 2 years for violating the terms of his supervised release.  A defendant’s sentence is imposed by a judge based on the particular statutes the defendant is convicted of violating, the U.S. Sentencing Guidelines and other factors.

    U.S. Attorney John A. Sarcone III said, “Repeat sex offenders pose a grave threat to society, particularly to our children.  My office will continue to vigorously prosecute all child exploitation offenses in the Northern District of New York.”

    FBI Special Agent in Charge Craig L. Tremaroli stated, “Mr. McKeraghan’s actions are especially disturbing, given he is a convicted predator on supervised release. Our children are among the most vulnerable members of our community, and the FBI’s Child Exploitation and Human Trafficking Task Force is committed to working together to protect them any way we can.

    The FBI’s Albany Division Child Exploitation and Human Trafficking Task Force is investigating the case with assistance from the United States Probation Office.  Assistant United States Attorney Lisa M. Fletcher, Project Safe Childhood Coordinator for the Northern District of New York is prosecuting the case.

    Project Safe Childhood is a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse. Led by the U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    MIL Security OSI –

  • MIL-OSI Security: San Diego Man Sentenced for Sending Hate-Filled Email with Death Threat

    Source: Office of United States Attorneys

    SAN DIEGO – George Joseph Wellinger II was sentenced in federal court today to six months in custody and four months of home confinement for intentionally threatening a member of the LGBTQ community with violence via email.

    Wellinger admitted in his plea agreement that he intentionally selected this victim based on the victim’s actual or perceived sexual orientation, and because of the defendant’s animus toward members of the LGBTQ community.

    According to court documents, the victim was targeted after being interviewed for a KTLA news report about a hate-inspired murder in Lake Arrowhead in August 2023.

    According to the plea agreement, the threatening email called the victim “another alphabet clown that wants to take a dirt nap, too,” and included a link to the KTLA news report which featured the victim and others discussing the murder of a Lake Arrowhead business owner who had been gunned down for hanging a Pride flag in her business.

    The email continued: “We know what you look like and know where are you are….only a matter of time….Love it….get ur ghey on sister….scissor it up….we coming for ur rainbow azz. Click Click!!!”

    “This was a particularly cruel act. No one should have to live in fear,” said U.S. Attorney Adam Gordon. “The U. S. Attorney’s Office is committed to protecting the civil rights of everyone in our community.”

    “Today’s sentence serves as a stark reminder there is no place for hate crimes in San Diego or anywhere,” said FBI San Diego Acting Special Agent in Charge Houtan Moshrefi. “The FBI’s commitment to investigate hate crimes underscores the seriousness of these offenses. It is not just about enforcing the law but protecting our community and ensuring the rights of individuals to live free of fear.”

    If you or anyone you know believes you have been the victim of a hate crime, please contact the FBI at www.tips.fbi.gov. Assistant U.S. Attorneys Jacqueline M. Jimenez and Alicia Williams are prosecuting this case.

    DEFENDANT                                               Case Number: 24-CR-1591                                      

    George Joseph Wellinger II                            Age: 49                                   San Diego, CA

    CHARGE

    Transmitting a Threatening Communication – Title 18 U.S.C., § 875(c)

    Maximum penalty: Five years in prison

    INVESTIGATING AGENCY

    Federal Bureau of Investigation

    For more information and resources about the department’s work to combat hate crimes, visit https://www.justice.gov/hatecrimes.

    MIL Security OSI –

  • MIL-OSI Security: San Diego Man Sentenced to More Than 15 Years in Prison for Supplying Fentanyl Resulting in Young Woman’s Death

    Source: Office of United States Attorneys

    SAN DIEGO – Danny Nunez of San Diego was sentenced in federal court today to 188 months in prison for providing the fentanyl that resulted in the fatal overdose of a 25-year-old Escondido woman in 2024.

    Nunez admitted in his plea agreement that he sold fentanyl to the victim, identified in court records as L.P., on September 11, 2024. The next day, her parents found her lifeless body in her bedroom. Emergency responders were unable to revive her.

    On October 3, 2024, Escondido Police Department detectives posing as L.P. contacted Nunez, asking to purchase fentanyl. The defendant agreed to provide the requested fentanyl. The same day, the detectives arrived at Nunez’s residence and contacted the defendant. Nunez was arrested as he walked outside to meet “L.P.” carrying two baggies containing 7.67 grams and 1.23 grams of fentanyl.

    “The defendant stole a young life and shattered a family by peddling deadly fentanyl,” said U.S. Attorney Adam Gordon. “Today’s sentence sends a clear and powerful message: Those who traffic in poison will be held fully accountable for the devastation they cause.”

    “Those who bring dangerous drugs into our communities, especially fentanyl, will be held accountable,” said Shawn Gibson, Special Agent in Charge of HSI San Diego. “This investigation is an example of the strong partnerships between our state and local law enforcement partners that make up the San Diego Fentanyl Abatement and Suppression Team (FAST).  FAST is committed to ensuring the individuals who distribute fentanyl into our communities are held accountable.”

    “The San Diego Imperial Valley HIDTA proudly supports federal, state and local law enforcement efforts to reduce overdose deaths in our community,” said David King, executive director of San Diego and Imperial Valley High Intensity Drug Trafficking Area. “Those individuals who place a priority on profits from drug sales over public safety should take notice that the criminal justice system will hold them accountable. San Diego County is a safer place after this investigation and successful prosecution.”

    Escondido Police Lt. Ryan Hicks stated: “The Escondido Police Department works aggressively to identify and hold accountable anyone who chooses to participate in the poisoning of our community through illicit fentanyl distribution. We can successfully conduct these investigations through crucial support from the San Diego County District Attorney’s Office and our federal partnerships.”

    This case is being prosecuted by Assistant U.S. Attorney Sean Van Demark.

    Special Agents and Task Force Officers with the Fentanyl Abatement and Suppression Team (FAST) led this investigation.

    HSI San Diego FAST is a multiagency task force comprising state, local, and federal partners and was first established in August 2022 focusing on the disruption and dismantlement of criminal organizations that smuggle and distribute fentanyl within San Diego County. HSI’s FAST targets fentanyl smuggling and distribution networks to combat overdoses and decrease the availability and accessibility of fentanyl.

    The High Intensity Drug Trafficking Areas (HIDTA) program, created by Congress with the Anti-Drug Abuse Act of 1988, provides assistance to federal, state, local and tribal law enforcement agencies operating in areas determined to be critical drug-trafficking regions of the United States. This grant program is administered by the Office of National Drug Control Policy (ONDCP). There are currently 33 HIDTAs, and HIDTA-designated counties are located in 50 states, as well as in Puerto Rico, the U.S. Virgin Islands, and the District of Columbia.

    DEFENDANTS                                             Case Number 24-CR-2295-W                                  

    Danny Nunez                                                  Age: 25                                   San Diego, CA

    SUMMARY OF CHARGES

    Attempted Distribution of Fentanyl

    21 U.S.C. § 841(a)(1)

    Maximum penalty: Twenty years in prison

    INVESTIGATING AGENCIES

    Homeland Security Investigations

    Escondido Police Department

    San Diego Imperial Valley HIDTA

    MIL Security OSI –

  • MIL-OSI Security: NATO releases new Science & Technology Strategy

    Source: NATO

    On Thursday (5 June 2025), NATO Defence Ministers endorsed a new strategy that guides Alliance-wide scientific and technological research in support of defence and security.

    The NATO Science and Technology (S&T) Strategy stresses the importance of science and technology “to enable the Alliance to outperform strategic competitors and potential adversaries in inserting scientific knowledge and adopting emerging technologies across all NATO core tasks”. It further emphasises the role that defence and security-related science and technology plays in the development of capabilities and enhancement of military interoperability, as well as in the further reinforcement of societal, political and industrial resilience.

    The Strategy sets three mutually-reinforcing strategic goals for the NATO S&T Enterprise:

    • To “Anticipate and Invest”: notably through enhanced foresight and increasing investment in critical S&T areas, such as AI, quantum and biotechnologies, and support for Science, Technology, Engineering and Mathematics (STEM) education.
    • To “Safeguard and Protect” the NATO S&T Enterprise against hybrid threats such as interference.
    • To “Orchestrate and Energize” S&T, including by  promoting “denser, deeper and more agile coordination” and  exploiting S&T results across all NATO core tasks.

    The new Strategy supersedes the NATO S&T Strategy released in 2018. It supports NATO’s 2022 Strategic Concept and takes accounts of the science & technology macro trends that the Science and Technology Organization (STO) has identified as important for the Alliance for the next 20 years, and outlined in its 2025-2045 report (hyperlink).

    The Strategy is available here.

    MIL Security OSI –

  • MIL-Evening Report: Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Treasury head Steven Kennedy will become Anthony Albanese’s right-hand bureaucrat, while Treasury will get its first female secretary, with the appointment of Jenny Wilkinson, who currently heads the Finance Department.

    Kennedy, to be the new secretary of the Department of the Prime Minister and Cabinet, replaces Glyn Davis, who announced after the election he was leaving the post after just three years.

    Kennedy, 60, has had a close working relationship with Treasurer Jim Chalmers. He also served Chalmers’ Liberal predecessor, Josh Frydenberg, during the pandemic, when the Treasury was the main bureaucratic architect of the JobKeeper scheme that provided subsidies to business to keep on workers.

    Wilkinson, 58, has been secretary of the Finance Department since August 2022. She was previously a deputy secretary in Treasury, where she worked on the pandemic economic stimulus measures. She is also a former head of the Parliamentary Budget Office.

    As Treasury secretary, Wilkinson will take Stevens’ place on the Reserve Bank.

    Chalmers described Kennedy and Wilkinson as “the best of the best”, saying they were “outstanding public servants”.

    Finance Minister Katy Gallagher said Wilkinson’s appointment not only recognised her talent, skills and expertise, “but it also serves as an important reminder for women and girls across the country that all positions in the Australian Public Service – no matter how senior – are roles that women can hold”.

    The prime minister announced the bureaucratic reshuffle during his Tuesday address to the National Press Club on his second term agenda.

    With Chalmers already having named productivity as his primary priority for this term, Albanese said he had asked the treasurer to convene “a roundtable to support and shape our government’s growth and productivity agenda”.

    The summit, at Parliament House in August, will bring together a group of leaders from business, unions and civil society. More details will come in a speech on productivity by Chalmers next week.

    “This will be a more streamlined dialogue than the Jobs and Skills Summit, dealing with a more targeted set of issues,” Albanese said.

    “We want to build the broadest possible base of support for further economic reform, to drive growth, boost productivity, strengthen the budget, and secure the resilience of our economy, in a time of global uncertainty.

    “What we want is a focused dialogue and constructive debate that leads to concrete and tangible actions.”

    Albanese said the government’s starting point was clear, “Our plan for economic growth and productivity is about Australians earning more and keeping more of what they earn.” The aim was for growth, wages and productivity to rise together.

    The Productivity Commission recently released 15 “priority reform areas” to further explore as part of the five productivity inquiries that the government has commissioned it to undertake.

    The commission’s March quarterly bulletin shows a 0.1% decline in labour productivity in the December quarter, and a 1.2% decline over the year.

    COVID produced a temporary lift in productivity but that soon passed.

    In general Australia’s labour productivity has not significantly increased in more than a decade.

    Welcoming the roundtable, Australian Industry Group Chief Executive Innes Willox said it was “critical that this tripartite summit focus on getting private sector investment moving again. Our economy and labour market has been unsustainably reliant on government spending for a prolonged period now.”

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

    – ref. Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity – https://theconversation.com/albanese-announces-first-woman-treasury-secretary-and-a-roundtable-on-boosting-productivity-257334

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: CNPA Board bids farewell to Board members

    Source: United Kingdom – Executive Government & Departments

    News story

    CNPA Board bids farewell to Board members

    The CNPA Board bids farewell to long-serving members, Sir Craig Mackey and Sue Scane.

    Sir Craig Mackey QPM, Susan Johnson OBE, Simon Chesterman OBE QPM and Sue Scane.

    Two independent members of the Civil Nuclear Police Authority (CNPA) Board were presented with Civil Nuclear Constabulary (CNC) service plaques at the end of their final Board meeting last week.

    Sir Craig Mackey and Sue Scane both completed the maximum service – two terms of three years. Sir Craig served as interim chair in 2021/22 and Sue as chair of the Audit, Risk and Finance Committee (ARFC).

    Reflecting on his time in the role, Sir Craig said: “I first worked closely with CNC when I was the Chief Constable of Cumbria Constabulary. Ten years later and having retired from the Metropolitan Police, the board posts were advertised, and I jumped at the chance.

    “I consider myself very lucky to have got the role and have been fortunate to work with a range of industry members and independent members who all want CNC to be the best it can be. This, combined with the quality and commitment of people across CNC, getting to meet them at sites across the UK, hear about their achievements at Awards ceremonies and fully appreciate the complexity and risks that people are managing day-to-day, has made it a real privilege to be part of.”

    The people and the places were also the source of stand-out moments for Sue, for whom visiting sites and meeting officers and staff was both interesting and inspirational: “In all the locations we’ve visited, we have had the opportunity to speak with the officers and understand the organisation from their perspective. This has always brought the work in the Board room to life,” she said. 

    “Not that many people are able to see inside a nuclear power station – whether operational, under decommissioning, or under construction, but seeing each of these stages has also been really memorable, and makes you appreciate the complexity inherent in each site.”

    Looking back on what has been achieved during her time with the CNPA, Sue is pleased with the progress she has been part of: “I have always worked in areas where my job has been to ensure that the Governance of the organisation was embedded in the way people worked – whether they realised it or not – so it has been rewarding for me to see the improvements over the last six years.  Improved financial systems, the programme management which now delivers on time and within budget, and a costed medium-term plan which allows management to plan for the future.”

     The Chair of the CNPA, Susan Johnson, thanked them both, saying: “On behalf of the CNPA, I want to acknowledge the time that Sue and Craig have dedicated to the CNC and thank them for their service. During the six years they’ve been in post, they have brought significant knowledge and expertise to the work of the Board and helped to navigate the organisation through some challenging and exciting times.  Sue and Craig have provided wise counsel to our executive team whilst challenging the team in a constructive and supportive way to drive continuous improvement. 

    “Sue’s leadership of the Audit Risk and Finance Committee has strengthened the assurance to the Board that risks are effectively managed and that we are delivering an efficient and effective service to our Site Licence Companies.  Craig supported the organisation through a difficult period when he took on the role of interim Chair and he has also been the Board lead on professional standards, supporting the executive through peer review.  Craig’s extensive experience in Home Office policing has contributed positively to bring greater alignment of CNC pay, reward and pension conditions with those of Home Office forces. 

    “I would like to recognise the sterling support they have both provided and wish them the very best with whatever they do next. Thank you for your work, on behalf of us all at the CNPA.”

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 23

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 28 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    10 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 23

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 23:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 6,477,261 227.4022 1,472,943,092
    02 June 2025 50,000 256.9927 12,849,635
    03 June 2025 50,000 256.8456 12,842,280
    04 June 2025 50,000 256.5587 12,827,935
    05 June 2025      
    06 June 2025 49,641 259.2964 12,871,733
    Total accumulated over week 23 199,641 257.4200 51,391,583
    Total accumulated during the share buyback programme 6,676,902 228.2997 1,524,334,675

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.794% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Thousands of jobs to be created as government announces multi-billion-pound investment to build Sizewell C

    Source: United Kingdom – Executive Government & Departments

    Press release

    Thousands of jobs to be created as government announces multi-billion-pound investment to build Sizewell C

    10,000 jobs, including 1,500 apprenticeships, to be created as the government announces multi-billion investment to build Sizewell C.

    • Chancellor to confirm funding at the GMB Congress ahead of Spending Review, as Energy Secretary vows ‘golden age’ of nuclear.
    • Investment to deliver clean power to millions of homes, cut energy bills and boost energy security.
    • Government commits over £6 billion of investment to nuclear submarine industrial base to deliver on Strategic Defence Review.

    Ten thousand jobs will be created as the government announces a £14.2 billion investment to build Sizewell C nuclear plant as part of the Spending Review, ending years of delay and uncertainty. 

    The Chancellor is set to confirm the funding at the GMB Congress later today ahead of the government’s Spending Review, as the Energy Secretary vows a ‘golden age’ of nuclear to boost the UK’s energy security. 

    The government’s investment will go towards creating 10,000 jobs, including 1,500 apprenticeships, and support thousands more jobs across the UK. 

    The company has already signed £330 million in contracts with local companies and will boost supply chains across the UK with 70% of contracts predicted to go to 3,500 British suppliers – supporting new jobs in construction, welding, and hospitality.   

    The equivalent of around six million of today’s homes will be powered with clean homegrown energy from Sizewell C. The investment in clean, homegrown power brings to an end decades of dithering and delay, with the government backing the builders in the drive for energy security and kick-starting economic growth.  

    The announcement comes as the government is set to confirm one of Europe’s first Small Modular Reactor programmes. This comes alongside record investment in R&D for fusion energy, worth over £2.5 billion over five years. Taken together with Sizewell C, this delivers the biggest nuclear building programme in a generation.

    Clean, home-grown power at Sizewell C will help drive the UK’s energy security, as part of the government’s mission to protect family finances by replacing the UK’s dependency on fossil fuel markets controlled by dictators with homegrown power that we control.

    Chancellor of the Exchequer, Rachel Reeves, said:

    Today we are once again investing in Britian’s renewal, with the biggest nuclear building programme in a generation. This landmark decision is our Plan for Change in action.  

    We are creating thousands of jobs, kickstarting economic growth and putting more money people’s pockets.

    Energy Secretary, Ed Miliband said:

    We will not accept the status quo of failing to invest in the future and energy insecurity for our country.  

    We need new nuclear to deliver a golden age of clean energy abundance, because that is the only way to protect family finances, take back control of our energy, and tackle the climate crisis. 

    This is the government’s clean energy mission in action- investing in lower bills and good jobs for energy security.

    Sizewell C

    Sizewell C will provide 10,000 people with employment at peak construction and support thousands more jobs across the UK, including 1,500 apprenticeships. The company has already signed £330 million in contracts with local companies and will boost supply chains across the UK with 70% of contracts predicted to go to 3,500 British suppliers – supporting new jobs in construction, welding, and hospitality. Jobs in the nuclear industry pay well above national averages and the government is committed to working with nuclear trade unions such as the GMB, Unite, and Prospect, who will continue to play a pivotal role in building the industry.   

    Despite the UK’s strong nuclear legacy, opening the world’s first commercial nuclear power station in the 1950s, no new nuclear plant has opened in the UK since 1995, with all of the existing fleet except Sizewell B likely to be phased out by the early 2030s.  

    Sizewell C was one of eight sites identified in 2009 by then-Energy Secretary Ed Miliband as a potential site for new nuclear. However, the project was not fully funded in the 14 years that followed under subsequent governments.  

    The government’s nuclear programme is now the most ambitious for a generation – once small modular reactors and Sizewell C come online in the 2030s, combined with Hinkley Point C, this will deliver more new nuclear to grid than over the previous half century combined.

    Small Modular Reactors

    Great British Nuclear is expected to announce the outcome of its small modular reactor competition imminently, the first step towards the goal of driving down costs and unlocking private finance with a long-term ambition to bring forward one of the first SMR fleets in Europe.  

    The government’s nuclear resurgence will support the UK’s long-term energy security, with small modular reactors expected to power millions of homes with clean energy and help fuel power-hungry industries like AI data centres.   

    This follows reforms to planning rules announced by the Prime Minister in February 2025 to make it easier to build nuclear across the country – changing the rules to back the builders of this nation, and saying no to the blockers who have strangled our chances of cheaper energy, growth and jobs for far too long.   

    The government is also looking to provide a route for private sector-led advanced nuclear projects to be deployed in the UK, alongside investing £300m in developing the world’s first non-Russian supply of the advanced fuels needed to run them.   

    Companies will be able to work with the government to continue their development with potential investment from the National Wealth Fund.

    Fusion Energy

    The government is also making a record investment in R&D for fusion energy, investing over £2.5 billion over 5 years. This includes progressing the STEP programme (Spherical Tokamak for Energy Production), the world-leading fusion plant in Nottinghamshire, creating thousands of new jobs and with the potential to unlock limitless clean power.  

    This builds on the UK’s global leadership to turbocharge economic growth in the Oxford-Cambridge corridor, while helping deliver the UK’s flagship programme to design and build a prototype fusion power station on the site of a former coal-fired plant.

    Defence

    To secure the UK as a leader in both civil and defence nuclear, the government will also be investing £4 billion over the next decade in the Plymouth naval base as well as continued long-term investment in our Defence Nuclear Enterprise and its industrial base, as this is critical for our national security while also being a significant generator of economic opportunities, jobs and growth across the entire country. Further investments in the defence nuclear sector include over £6 billion over the Spending Review period to enable a transformation in the capacity, capability and productivity of the UK’s submarine industrial base, including at BAE Systems in Barrow and Rolls-Royce Submarines in Derby – to deliver the increase in the submarine production rate announced in the Strategic Defence Review. 

    In addition, we will embark on a multi-decade, multi-billion redevelopment of HMNB Clyde, with an initial £250 million of funding over 3 years, supporting jobs, skills and growth across the West of Scotland. 

    The government will also invest over £420 million of additional funding in Sheffield Forgemasters, securing 700 existing skilled jobs and creating over 900 new construction roles.

    Julia Pyke and Nigel Cann, Joint-Managing Directors of Sizewell C said:

    Today marks the start of an exciting new chapter for Sizewell C, the UK’s first British-owned nuclear power plant in over 30 years. It’s a privilege to be leading a project that will create over 10,000 jobs, secure Britain’s energy future and revitalise the UK’s nuclear industry.

    We aim to showcase British infrastructure at its best – delivering a cleaner, more secure energy future for generations to come.

    Warren Kenny, GMB Regional Secretary, said:

    Sizewell C is absolutely vital if the UK is to hit net zero.

    Nuclear power is essential for clean, affordable, and reliable energy – without new nuclear there can be no net zero.

    Sizewell C will provide thousands of good, skilled, unionised jobs and we look forward to working closely with the government and Sizewell C to help secure a greener future for this country’s energy sector.

    Mike Clancy, General Secretary of Prospect, said:

    Delivering this funding for Sizewell C is a vital step forward, this project is critical to securing the future of the nuclear industry in the UK.

    New nuclear is essential to achieving net zero, providing a baseload of clean and secure energy, as well as supporting good, unionised jobs.

    Further investment in SMRs and fusion research shows we are finally serious about developing a 21st century nuclear industry. All funding must be backed up by a whole-industry plan to ensure we have the workforce and skills we need for these plans to succeed.

    Tom Greatrex, Chief Executive of the Nuclear Industry Association, said:

    This new nuclear programme will give the country the jobs, the economic growth and the energy security we need to ensure a secure and reliable power supply for the future. This announcement shows the government is serious about new nuclear, and realising the economic benefits that come with it, and will be welcomed in communities the length and breadth of Britain.

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Ophævelse af suspension i afdeling under Investeringsforeningen Carnegie Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    Der offentliggøres igen indre værdier for afdeling i Investeringsforeningen Carnegie Wealth Management og suspensionen gældende den 6. juni 2025 ophæves hermed.

    Afdeling LEI-kode ISIN-kode OMX Shortname

     
    Nordiske Aktier 549300822ZTGB1F0PU21 DK0061136058 CMINOA

                                
    Eventuelle henvendelser vedrørende denne meddelelse kan rettes til undertegnede på telefon 3814 6600.

    Med venlig hilsen
    Invest Administration A/S

    Niels Erik Eberhard
    Direktør

    The MIL Network –

  • MIL-OSI: Municipality Finance issues a GBP 100 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    10 June 2025 at 10:00 am (EEST)

    Municipality Finance issues a GBP 100 million tap under its MTN programme

    On 11 June 2025 Municipality Finance Plc issues a new tranche in an amount of GBP 100 million to an existing benchmark issued on 7 March 2024. With the new tranche, the aggregate nominal amount of the benchmark is GBP 650 million. The maturity date of the benchmark is 2 October 2028. The benchmark bears interest at a fixed rate of 4.375 % per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the new tranche to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 11 June 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Deutsche Bank Aktiengesellschaft acts as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland.
    The Group’s balance sheet is over EUR 53 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: SEON Launches AI-Powered Anti-Money Laundering Suite, Enhancing its Comprehensive Command Center for Risk Management

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, June 10, 2025 (GLOBE NEWSWIRE) — SEON, a global leader in digital fraud prevention, announced the launch of its expanded Anti-Money Laundering (AML) Compliance suite, a significant step in the company’s evolution from fraud prevention to a unified risk solution. This release introduces real-time AI-powered capabilities, including Payment Screening, Transaction Monitoring and integrated fraud and AML Case Management with regulatory reporting filling functionalities.

    SEON’s 2025 Digital Fraud Outlook reveals real-time transaction monitoring is the top investment priority for compliance and fraud teams this year — with 62% of organizations making this shift. To meet this demand, SEON’s AML suite delivers granular, real-time monitoring alerts that reduce false positives and improve detection accuracy across both fraud and AML use cases.

    “We already use SEON as a key part of how we manage fraud risk at Casumo,” said Sebastian Brant, Director of CEX, Casumo. “They bring depth in proprietary risk signals we can’t get anywhere else, flexible tools that we can adapt to any scenario and a level of customer service responsiveness and expertise we simply haven’t seen elsewhere. We see the significant value of having one system that can help teams operate more efficiently and effectively.”

    SEON serves as the unified solution for teams managing both fraud and AML compliance, helping them detect risks proactively, resolve cases faster and keep records audit-ready — all without navigating between different systems, eliminating manual steps or working off spreadsheets.

    “Risk teams don’t need more tools — they need one that gives them a full picture,” said Tamas Kadar, Co-Founder and CEO, SEON. “This launch gives fraud and compliance teams a multi-dimensional command center to manage risk in one place. And because we own our data pipeline and can control data accuracy, this means our models deliver more accurate risk decisions.”

    Built for the Way Risk and Compliance Work Today

    Most risk teams are using legacy solutions that were not designed to support real-time decisions, instead relying on batch processing, leading to delayed reviews, siloed data and scattered case files with no audit trail. SEON replaces that with a single solution where fraud and AML data work together — giving teams a holistic view with more context, less noise and quicker paths to action.

    Developed through customer collaboration, SEON’s AML Compliance solution applies the same real-time capabilities, data quality and limitless customization that SEON is known for to compliance use cases, helping teams tailor risk programs to new products, regulatory jurisdictions, internal policies and evolving risks.

    Key Capabilities

    • Spot bad actors early with digital footprint and fraud signals before users enter KYC or AML checks
    • Expedite reviews with AI-assisted customer screening that helps analysts resolve hits faster
    • Detect risks instantly with real-time transaction monitoring and payment screening
    • Investigate efficiently and close out cases faster with unified fraud intelligence, AML signals and transaction data in one dashboard
    • Reduce time spent on regulatory reporting with autofill capabilities and AI-powered SAR narratives
    • Submit SAR, CTR, and Form 8300 reports to FinCEN in one click, with status tracking and audit history; with expansion in progress to other regulatory bodies
    • Lean on expert support from SEON’s Managed Risk Services team, offering guidance and rule management for leaner teams

    About SEON
    SEON helps risk teams detect and stop fraud and money laundering while ensuring regulatory compliance. By combining real-time digital footprint analysis, device intelligence and AI-driven rules, SEON empowers thousands of businesses globally to prevent threats before they occur. With integrated fraud prevention and AML capabilities, SEON operates from Austin, London, Budapest and Singapore. Learn more at seon.io.

    Media
    Press@seon.io

    The MIL Network –

  • MIL-OSI China: APP China targets sustainability at China Intl Supply Chain Expo

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

    APP China, the Chinese unit of Indonesia’s Asia Pulp & Paper (Sinar Mas Paper (China) Investment Co., Ltd.), said it will seek new partnerships and promote green and efficient industrial practices at the upcoming China International Supply Chain Expo (CISCE), after making its debut at the event last year.

    Zhai Jingli, deputy CEO of APP China, delivers a speech at the second China International Supply Chain Expo (CISCE). [Photo provided to China.org.cn]

    “We experienced CISCE’s powerful resource integration and global communication capabilities during our participation last year,” said Zhai Jingli, deputy CEO of APP China.

    At the 2024 expo, APP China showcased its full industrial chain, from papermaking machinery to pulp and paper, offering supply chain solutions to support the high-quality development of China’s papermaking industry.

    “We strongly support CISCE’s vision of promoting the stable development of global industrial and supply chains for win-win results,” said Zhai. “By joining the expo again, we reaffirm our commitment to strengthening, stabilizing and expanding supply chains.”

    APP China’s vertically integrated pulp and paper production has helped stabilize its supply chain amid global uncertainties.

    “From forest cultivation to pulping, papermaking and even manufacturing papermaking equipment, we have developed a complete industrial chain that ensures stable supply and raw material quality control, while reducing costs and increasing efficiency. This achieves sustainable development from source to end,” Zhai said.

    Looking ahead, the company said it plans to use the expo to expand its trade network and collaborate with global partners to promote a green, efficient and sustainable industrial ecosystem.

    The third China International Supply Chain Expo will take place in Beijing from July 16 to 20, focusing on supply chains in advanced manufacturing, clean energy and other sectors.

    MIL OSI China News –

  • MIL-OSI: UAB Atsinaujinančios energetikos investicijos (AEI) Public Bond Offering Closes Soon – Submit Your Orders in Time

    Source: GlobeNewswire (MIL-OSI)

    The public bond offering by UAB Atsinaujinančios energetikos investicijos (AEI) is nearing its conclusion.

    Key dates:

    • Investment and switch orders can be submitted until 11 June, 3:30 PM
    • Tender offers can be submitted until 12 June, 3:30 PM

    Key bond issue details: 

    • Issue size: up to 100 mEUR
    • Size of the first tranche: up to 65 mEUR
    • Interest rate: 8 % 
    • Minimum investment amount: 100 000 EUR
    • Term: 2,5 years

    For more information and full documentation click here. 

    HOW TO INVEST?

    Contact the financial brokerage company/bank (LHV, Signet, Swedbank, SEB Bank and others) handling your securities account for the submission of an investment order.

    If you do not have an investment services agreement concluded with a financial intermediary, send us an email to: bonds@orion.lt 

    The MIL Network –

  • MIL-OSI Russia: Pakistan sees gradual economic recovery, GDP grows 2.7 percent – Economic Review

    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

    ISLAMABAD, June 10 (Xinhua) — Pakistan’s economy registered a 2.7 percent growth in its gross domestic product (GDP) in the outgoing fiscal year, according to the Economic Survey 2024-25 released by Finance Minister Muhammad Aurangzeb on Monday.

    Although the figure remained below the government’s initial target of 3.6 percent, the growth was achieved despite the difficult global economic situation, the minister said.

    “I think this is the right way forward in terms of sustainable growth,” Aurangzeb said, describing the 2.7 percent figure as a sign of gradual economic recovery.

    Pakistan’s GDP contracted by 0.2 percent in the previous fiscal year, but has grown to 2.5 percent this year. The minister stressed that the government is keen to avoid a return to cyclical fluctuations. –0–

    MIL OSI Russia News –

  • MIL-OSI: Euronext announces volumes for May 2025

    Source: GlobeNewswire (MIL-OSI)

    Euronext announces volumes for May 2025        

    Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 10 June 2025 – Euronext, the leading European capital market infrastructure, today announced trading volumes for May 2025.

    Euronext informs that the template has been aligned with the new reporting framework, which was implemented as of the first quarter 2025 results publication.

    Monthly and historical volume tables are available at this address:

    euronext.com/investor-relations#monthly-volumes

    CONTACTS  

    ANALYSTS & INVESTORS – ir@euronext.com

    Investor Relations        Aurélie Cohen                 

            Judith Stein        +33 6 15 23 91 97          

    MEDIA – mediateam@euronext.com 

    Europe        Aurélie Cohen         +33 1 70 48 24 45   

            Andrea Monzani         +39 02 72 42 62 13 

    Belgium        Marianne Aalders         +32 26 20 15 01                 

    France, Corporate        Flavio Bornancin-Tomasella        +33 1 70 48 24 45                 

    Ireland        Catalina Augspach        +33 6 82 09 99 70                        

    Italy         Ester Russom         +39 02 72 42 67 56                 

    The Netherlands        Marianne Aalders         +31 20 721 41 33                 

    Norway         Cathrine Lorvik Segerlund        +47 41 69 59 10                 

    Portugal         Sandra Machado        +351 91 777 68 97                 

    About Euronext  

    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway and Portugal.

    As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal host nearly 1,800 listed issuers with €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices.

    For the latest news, go to euronext.com or follow us on X and LinkedIn.

    Disclaimer

    This press release is for information purposes only: it is not a recommendation to engage in investment activities and is provided “as is”, without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext. This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is available at www.euronext.com/terms-use.

    © 2025, Euronext N.V. – All rights reserved. 

    The Euronext Group processes your personal data in order to provide you with information about Euronext (the “Purpose”). With regard to the processing of this personal data, Euronext will comply with its obligations under Regulation (EU) 2016/679 of the European Parliament and Council of 27 April 2016 (General Data Protection Regulation, “GDPR”), and any applicable national laws, rules and regulations implementing the GDPR, as provided in its privacy statement available at: www.euronext.com/privacy-policy. In accordance with the applicable legislation you have rights with regard to the processing of your personal data: for more information on your rights, please refer to: www.euronext.com/data_subjects_rights_request_information. To make a request regarding the processing of your data or to unsubscribe from this press release service, please use our data subject request form at connect2.euronext.com/form/data-subjects-rights-request or email our Data Protection Officer at dpo@euronext.com.

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Greens denounce Labour’s Spending Review as ‘spreadsheet Britain’ and call for a ‘hopeful vision for a better future’  

    Source: Green Party of England and Wales

    Ahead of Wednesday’s Spending Review, Adrian Ramsay MP, co-leader of the Green Party, accused the government of lacking a vision for a better future. He said: “This Spending Review shows that the government knows the cost of everything but the value of nothing.” 

    He went on to say: 

    “This looks like a spreadsheet Britain approach, leading the country into deliberate decline, when we need a hopeful vision for a better future.  

    “Austerity has meant our hospitals, schools and transport services have sustained real terms budget cuts, and long-term capital investment will not deliver fast enough to impact people’s lives. Millions of people are facing financial, health and housing insecurity right now. The Spending Review will fail those children stuck in poverty today – children who need warm homes and enough to eat.” 

    “We need to invest in a more secure future for everyone. Real security comes from people feeling warm and comfortable in their homes, valued in their communities and secure in the knowledge that climate action will safeguard the future for their children and grandchildren.” 

    Ramsay said there should be a much stronger focus on building, providing and retrofitting social homes. He said: 

    “Rather than turning the screw further on councils which are already on their knees, the Chancellor must commit the billions that councils need to buy, build and design social housing instead of offering a blank cheque to developers to build executive homes that few can afford.  

    “We know this is what people want. A new YouGov survey commissioned by the Greens has found that people are three times more likely to want the Government to build more social housing than encouraging developers to build more private homes.” 

    Ramsay also repeated calls for a fairer tax system to raise money and reverse chronic underspending in public services.    

    “A wealth tax of 1% on assets over £10 million and 2% on assets above £1 billion could raise £24 billion a year. Cutting support to disabled people while billionaires are gaining £35 million a day in wealth is indefensible. We are one of the wealthiest countries in the world – it’s time the super-rich paid up and for Labour to start taxing wealth fairly. 

    Adrian Ramsay MP concluded: 

    “From child poverty to climate breakdown, the challenges we face are not small – and neither should be our response. People want a government that invests in them, in their homes, in their services, in building a resilient future. Cuts don’t create hope. Investment does. We need public services that are fit for purpose, homes that are warm and affordable, and a tax system that serves the many, not the wealthy few.”

    MIL OSI United Kingdom –

  • MIL-OSI Australia: New Secretary to the Treasury

    Source: Australian Parliamentary Secretary to the Minister for Industry

    I welcome the Prime Minister’s announcement today that Jenny Wilkinson will serve as the next Secretary to the Treasury and I thank him for the way he has involved and included Katy Gallagher and me in his decision.

    I am really excited by this opportunity to work even more closely with Jenny, whose contribution as the Secretary of the Department of Finance has been instrumental to our first four budgets and so much of the broader work of our government.

    I’m so grateful to Steven Kennedy for our very close and effective partnership over the past three years, for his friendship over a much longer period, for his service to my predecessor as well, and for the chance to work with him now in his new role.

    It was such a valued opportunity to work with him at Treasury.

    Steven and Jenny are the best of the best. Outstanding public servants and even better people. I’m really happy for them both and they should be very proud.

    Australia was incredibly fortunate to have someone of Steven’s calibre leading the Treasury, and is just as fortunate having him now lead the Australian Public Service.

    I pay tribute again to outgoing Prime Minister and Cabinet Secretary Glyn Davis, another friend, and thank him for his friendship and service.

    Jenny will make history as the first woman to lead the Treasury. Under our government women now lead the Treasury, Reserve Bank and Productivity Commission all for the first time.

    Jenny is one of Australia’s most distinguished and experienced economists and public servants and has served with distinction under governments of both political persuasions.

    I am really pleased that someone with her skills and experience will guide and lead the department, as we continue to develop and implement our economic agenda.

    Jenny holds a Masters Degree in Public Affairs from Princeton University, a Bachelors Degree in Economics (with Honours) from the Australian National University, and was awarded a Public Service Medal in 2021.

    Thank you Steven and Jenny for agreeing to serve and to the Prime Minister for appointing them to these key roles at such an important time.

    MIL OSI News –

  • MIL-Evening Report: Australia’s government is pledging better protection for our vulnerable seas – but will it work?

    Source: The Conversation (Au and NZ) – By Carissa Klein, Associate Professor in Conservation Biology, The University of Queensland

    Nigel Marsh/Getty

    Ahead of this week’s crucial United Nations ocean conference, federal Environment Minister Murray Watt promised that by 2030, 30% of Australian waters would be “highly protected”.

    This is a telling pledge. After all, 52% of Australian waters are now protected following years of rapid expansion. But many are “paper parks” – lines on a map with very little real protection.

    Watt is proposing to expand the area under gold-standard protection, meaning fishing, mining and drilling would be banned inside the parks. This is welcome. But it must be done strategically, protecting ecologically representative and high biodiversity areas.

    If Watt is serious, he must ensure these upgraded marine parks cover poorly protected habitats important for biodiversity. These include shallow coastal zones, submarine canyons, seamounts and rocky reefs on the continental shelf. It’s not just about protecting 30% of the seas – marine parks must protect the full range of species and habitats in Australia.

    Bottom trawling and other fishing practices can do great damage to underwater ecosystems.
    mjstudio.lt/Shutterstock

    Impressive on paper

    Australia’s waters cover all five of the world’s climate zones, from the coral reefs of the tropics to the icy shores of Antarctica. At least 33,000 marine species are found in the nation’s marine boundaries – the most on Earth. Australia also has the most endemic marine species.

    For more than 30 years, successive federal and state governments in Australia have claimed global leadership roles in conserving ocean areas. Just last year, the Albanese government claimed the latest expansion meant Australia now protected “more ocean than any other country on earth”.

    When 196 countries committed to the goal of “30% by 2030” – the effective protection and management of at least 30% of the world’s coastal and marine areas by decade’s end – Australia was already well past that in terms of the size of areas considered marine protected areas.

    About 45% of marine waters were protected in 2022, up from 7% in 2002. Now that figure is 52%.

    Job done? Not even close. Even as Australia’s marine protected areas have rapidly expanded, marine species populations have shrunk while entire ecosystems hover on the brink.

    More than half of Australia’s marine parks allow commercial fishing and mining. The latest large protection around the sub-Antarctic Heard and McDonald Islands doesn’t give strong protection to species-rich areas such as seamounts and undersea canyons.

    Losses everywhere

    Tasmania’s giant kelp forests once ringed the island state. At least 95% have vanished since the 1990s, wiped out by warmer waters and voracious sea urchins.

    Before European settlement, oyster reefs carpeted shallow sea floors in temperate east coast waters. But 99% of these have gone.

    Half the Great Barrier Reef’s coral cover died between 1995 and 2017 – a period with only two mass bleaching events. Bleaching has become more regular and more severe since then.

    Many marine species are in serious trouble. The most comprehensive assessment to date found populations of 57% of species living on coral, rocky and kelp reefs had fallen between 2011 and 2021. In 2020, a Tasmanian endemic species, the smooth handfish, became the first marine fish officially listed as extinct on the IUCN Red List of Threatened Species.

    As the oceans get hotter, coral reefs are forecast to be wiped out. Poor marine water quality is drowning coastal species and ecosystems in sediments, nutrients, chemicals, and pathogens, including in The Great Barrier Reef.

    That’s not to say marine park expansion and other government efforts have been worthless. Far from it.

    Some whales have rebounded strongly due to the moratorium on commercial whaling. Good management of the southern bluefin tuna led to its removal from the threatened species list last year.

    Efforts to phase out gill net fishing are bearing fruit, while water quality has improved a little in the Great Barrier Reef.

    But these wins don’t offset an overall rapid decline.

    Action needed on climate and improving marine parks

    Giving Australia’s marine parks better protection won’t solve the problem of hotter, more acidic oceans due to climate change.

    Australia’s current emission target is consistent with a 2°C warming pathway. That level of warming would mean the loss of 99% of the world’s coral reefs.

    Australia is one of the world’s biggest producers of coal and liquefied natural gas and still has one of the world’s highest rates of land clearing, accounting for up to 12% of the country’s total emissions in some years.

    Protecting life in the seas means Australia must dramatically reduce emissions, end widespread land clearing and halt the approval of new coal and gas projects.

    Better protection inside marine parks will stop other major threats, such as seabed mining, gas and oil exploration and fishing.

    To date, Australia’s marine parks with high levels of protection are typically in remote areas with minimal human activity threatening biodiversity.

    From paper parks to real conservation leadership

    For decades, Australian leaders have touted their efforts to protect the seas. It’s now abundantly clear that paper protection isn’t enough.

    To arrest the steep decline in marine life, Australia must properly protect its marine areas by preventing fishing and mining in areas important for all marine species, while expanding its highly protected marine parks to save unprotected ecosystems.

    Minister Watt’s pledge is welcome. But it must actually prevent damaging human activities such as fishing and oil and gas extraction which are major contributors to the extinction crisis.

    Leaders must also focus on sustainable production and consumption of seafood and ramp up their ambition to tackle climate change and marine pollution.

    If Australia continues to expand paper parks without doing the hard work of genuine protection, it will set a dangerous precedent.

    Carissa Klein receives funding from the Australian Research Council

    James Watson has received funding from the Australian Research Council, National Environmental Science Program, South Australia’s Department of Environment and Water, Queensland’s Department of Environment, Science and Innovation as well as from Bush Heritage Australia, Queensland Conservation Council, Australian Conservation Foundation, The Wilderness Society and Birdlife Australia. He serves on the scientific committee of BirdLife Australia and has a long-term scientific relationship with Bush Heritage Australia and Wildlife Conservation Society. He serves on the Queensland government’s Land Restoration Fund’s Investment Panel as the Deputy Chair.

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

    – ref. Australia’s government is pledging better protection for our vulnerable seas – but will it work? – https://theconversation.com/australias-government-is-pledging-better-protection-for-our-vulnerable-seas-but-will-it-work-258286

    MIL OSI Analysis – EveningReport.nz –

  • Market trade flat after early gains; US-China talks in focus

    Source: Government of India

    Source: Government of India (4)

    Equity benchmarks opened higher on Tuesday, extending their winning streak for a fifth consecutive session, but pared early gains to trade largely flat as investors awaited the outcome of key US-China talks.

    At 9:17 a.m., the BSE Sensex was up 28.49 points or 0.03% at 82,473.70, while the NSE Nifty rose 21.15 points or 0.08% to 25,124.35.

    Technology, metal, and media stocks led sectoral gains, while banking counters witnessed mild selling pressure amid profit booking. Broader markets outperformed, with both midcap and smallcap indices rising up to 0.5%, reflecting broader participation.

    Akshay Chinchalkar, Head of Research at Axis Securities, said Monday’s performance was a continuation of Friday’s breakout. “Whether the index is breaking out of a pennant or a rectangle pattern, the implication is bullish with a target of 25,800. The 25,200 level is crucial on the upside, and as long as the index holds above 24,800, the momentum remains with the bulls,” he said, adding that the outcome of US-China talks could be the next major trigger.

    Vikram Kasat, Head of Advisory at PL Capital, said while efforts to ease tensions between the US and China are welcome, a comprehensive deal could take longer to materialise. “Investors are also eyeing progress on agreements with other trading partners,” he added.

    Analysts noted that with valuations stretched after the recent rally, selective profit booking may be prudent to guard against potential volatility.

    Globally, Wall Street ended marginally higher on Monday, supported by gains in Amazon and Alphabet, as markets closely monitored developments in US-China negotiations. Asian shares also edged up on hopes of a positive outcome.

    On the institutional front, foreign institutional investors (FIIs) continued to support the market, buying equities worth ₹1,992 crore on Monday. Domestic institutional investors (DIIs) were net buyers for the 15th straight session, purchasing stocks worth ₹3,503 crore.

    — IANS

  • MIL-OSI: Virtu Financial Announces Strategic TradeOPS Collaboration, Welcoming First Joint Client

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM and NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT), a global leader in trading and execution services, and Limina, a leading provider of cloud-native Investment Management Solutions, are proud to announce a strategic collaboration around Virtu’s TradeOPS platform.

    Virtu’s TradeOPS is a streamlined, consolidated platform that covers clients’ matching, settlements and payment requirements. Designed and built specifically to automate post-trade workflows, including allocation matching and settlements, exception-based processing in TradeOPS is designed to significantly reduce settlement delays, financial penalties, and workload for buyside firms. Combined with Limina’s cloud-native Order and Portfolio Management System (O/PMS), this collaboration enables buyside firms to access a fully-integrated, front-to-back workflow—seamlessly and efficiently.

    The collaboration has welcomed its first joint client, Cliens, who is now benefiting from Virtu’s TradeOPS capabilities using DTCC-CTM via Limina’s platform.

    “We’re excited to work with Limina to deliver an integrated and modern workflow for our TradeOPS clients,” said Pegah Esmaeili, Head of Nordic Region at Virtu. “This integration supports our mission to deliver scalable, outsourced trading solutions by collaborating with innovative local firms like Limina—allowing us to efficiently extend our market-leading products to clients across the region.”

    Prem Balasubramanian, Head of Virtu’s TradeOPS platform highlighted that recent changes in post-trade settlement, such as the shift to T+1 and the migration from SWIFT MT to MX, have introduced new operational challenges for buyside firms. “By providing streamlined and effective solutions tailored to clients’ needs, we can significantly reduce the operational burden and allow firms to refocus on what truly matters: managing investments and driving performance.” Prem also added, “Working with Limina is a pleasure. The turnaround has been impressively fast, and we’re looking forward to continued collaboration ahead.”

    “This partnership was an obvious choice to further strengthen the integration capabilities of Limina’s Order Management System, not only to DTCC CTM but to all venues that tie into Virtu TradeOPS including SWIFT and more,” says Kristoffer Fürst, CEO of Limina. 

    “The integrated solution that Virtu and Limina offer Cliens helps us extend our straight-through process, giving time to more productive tasks which adds value to our customer,” says Martin Öqvist, CEO of Cliens.

    About Virtu Financial, Inc.
    Virtu is a leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income and myriad other commodities. In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

    About Limina
    Limina’s modern Investment Management Platform helps investment managers increase productivity, decrease cost and manage operational risks through a unified platform spanning the entire investment lifecycle. Founded in 2014, and headquartered in Sweden, Limina serves a growing global client base of institutional asset managers, asset owners and hedge funds with our award-winning cloud-native SaaS offering.

    About Cliens
    Cliens is a Swedish active fund manager focusing on delivering long-term high returns. Our funds and discretionary mandates vary from equity to fixed income and investments are made in Swedish all caps as well as Nordic and Global small caps.

    Contact:

    Investor Relations and Media Relations
    Andrew Smith
    media@virtu.com
    investor_relations@virtu.com

    The MIL Network –

  • Apple opens its AI to developers but keeps its broader ambitions modest

    Source: Government of India

    Source: Government of India (4)

    Apple AAPL.O announced on Monday a slew of artificial intelligence features including opening up Apple Intelligence’s underlying technology in a modest update of its software and services as it lays the groundwork for future advances.

    The presentations at its annual Worldwide Developers Conference focused more on incremental developments, including live translations for phone calls, that improve everyday life rather than the sweeping ambitions for AI that Apple’s rivals are marketing.

    A year after it failed to deliver promised AI-based upgrades to key products such as Siri, Apple kept its AI promises to consumers low-key, communicating that it could help with tasks like finding where to buy a jacket similar to one they have seen online.

    Behind the scenes, Apple hinted at a strategy of offering its own tools to developers alongside those from rivals, similar to a strategy by Microsoft last month. Apple software chief Craig Federighi said the company will offer both its own and OpenAI’s code completion tools in its key Apple developer software and that the company is opening up the foundational AI model that it uses for some of its own features to third-party developers.

    “We’re opening up access for any app to tap directly into the on-device, large language model at the core of Apple,” Federighi said.

    In an early demonstration of this at work, the company added image generation from OpenAI’s ChatGPT to its Image Playground app, saying that user data would not be shared with OpenAI without a user’s permission.

    “You could see Apple’s priority is what they’re doing on the back-end, instead of what they’re doing at the front-end, which most people don’t really care about yet,” said Ben Bajarin, chief executive of analyst firm Creative Strategies.

    Apple is facing an unprecedented set of technical and regulatory challenges as it kicked off its software developer conference.

    Shares of Apple, which were flat before the start of the event, closed 1.2% lower on Monday.

    “In a moment in which the market questions Apple’s ability to take any sort of lead in the AI space, the announced features felt incremental at best,” Thomas Monteiro, senior analyst at Investing.com, said. Compared with what other big AI companies are introducing, he added, “It just seems that the clock is ticking faster every day for Apple.”

    That is a contrast to the ambitious vision laid out by Apple last year.

    “They went from being visionary and talking about agents before a lot of other people did, to now realizing that, at the end of the day, what they need to do is deliver on what they presented a year ago,” said Bob O’Donnell, chief analyst at Technalysis Research.

    Apple executives said that developers will have access only to Apple’s on-device version of Apple Intelligence, which does not tap into special data centers Apple built for its AI efforts. The on-device model is about 3 billion parameters, a measurement of the model’s level of sophistication, meaning that it cannot handle the more complex tasks that cloud-based models can.

    As Apple executives discussed new features at the event in Cupertino, California, OpenAI announced a new financial milestone on Monday, reaching $10 billion in annualized revenue run rate as of June.

    OS UPDATES

    Federighi also said Apple plans a design overhaul of all of its operating systems.

    Apple’s redesign of its operating systems centered on a design it calls “liquid glass” where icons and menus are partially transparent, a step Apple executives said was possible because of the more powerful custom chips in Apple devices versus a decade ago.

    Federighi said the new design will span operating systems for iPhones, Macs and other Apple products. He also said Apple’s operating systems will be given year names instead of sequential numbers for each version. That will unify naming conventions that have become confusing because Apple’s core operating systems for phones, watches and other devices kicked off at different times, resulting in a smattering of differently numbered operating systems for different products.

    Some analysts told Reuters that Apple’s decision to introduce familiar Mac capabilities, such as a multitasking interface and menu bar, to iPad could portend a shift in priorities around which devices it markets to consumers.

    In other new features, Apple introduced “Call Screening” where iPhones will automatically answer calls from an unknown number and ask the caller the purpose of their call. Once the caller states their purpose, the iPhone will show a transcription of the reason for the call, and ring for the owner.

    Apple also said it will add live translation to phone calls, as well as allow developers to integrate its live translation technology into their apps. Apple said the caller on the other end of the phone call will not need to have an iPhone for the live translation feature to work.

    Apple’s Visual Intelligence app – which can help users find a pair of shoes similar to ones at which they have pointed an iPhone camera – will be extended to analyzing items on the iPhone’s screen and linked together with apps. Apple gave an example of seeing a jacket online and using the feature to find a similar one for sale on an app already installed in the user’s iPhone.

    (Reuters)