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Category: Finance

  • MIL-OSI Global: How Trump’s trade war is supercharging the fast fashion industry

    Source: The Conversation – Global Perspectives – By Mona Mashhadi Rajabi, Postdoctoral Research Fellow, University of Technology Sydney

    Jade Gao/Getty Images

    When US President Donald Trump introduced sweeping new tariffs on Chinese imports the goal was to bring manufacturing back to American soil and protect local jobs.

    However, this process of re-shoring is complex and requires years of investment and planning – far too slow for the world of ultra-fast fashion, where brands are used to reacting in weeks, not years.

    Many clothing companies started to move production out of China during Trump’s first term. They relocated to countries such as Vietnam and Cambodia when the initial China-specific tariffs hit.

    This trend accelerated with the newer “reciprocal” tariffs. Instead of re-shoring production, many fashion brands are simply sourcing from whichever country offers the lowest total cost after tariffs. The result? The ultra-fast fashion machine adapted quickly and became even more exploitative.

    From Guangzhou to your wardrobe in days

    Platforms such as Shein and Temu built their success by offering trend-driven clothing at shockingly low prices. A $5 dress or $3 top might seem like a bargain, but those prices hide a lot.

    Much of Shein’s production takes place in the so-called “Shein village” in Guangzhou, China, where workers often sew for 12–14 hours a day under poor conditions to keep pace with the demand for new items.

    When the US cracked down on Chinese imports, the intention was to make American-made goods more competitive. This included raising the tariff on Chinese goods as high as 145% (since paused), and closing the “de minimis” loophole, which had allowed imports under US$800 to enter tariff-free.

    But these tariffs did not halt ultra-fast fashion. They just rerouted production to countries with lower tariffs and even lower labour costs. The Philippines, with a comparatively low tariff rate of 17%, emerged as a surprising alternative. However, the country can’t provide the industrial scale and infrastructure to match what China can offer.

    So why does Australia matter?

    Much of the cheap fashion previously bound for the US is now flooding other markets, including Australia.

    Australia still allows most low-value imports to enter tax-free, and platforms such as Shein and Temu have taken full advantage. Australian consumers are among the most frequent Shein and Temu buyers per capita globally.

    Just 3% of clothing is made in Australia and most labels rely on offshore manufacturing. This makes Australia an ideal target market for ultra-fast fashion imports. We have high purchasing power, lenient import rules and strong demand for low-cost style, especially due to the cost-of-living crisis.

    The hidden costs of cheap clothes

    The environmental impact of fast fashion is well known. However, amid the chaos of Trump’s tariff announcements, far less attention has been paid to how these policies – together with the retreat from climate commitments – worsen environmental harms, including those linked to fast fashion.

    The irony is that the tariffs meant to protect American workers have, in some cases, worsened conditions for workers elsewhere. Meanwhile, consumers in Australia now benefit from faster delivery of even cheaper goods as Temu, Shein and others have improved their shipping capabilities to Australia.

    Australian consumers send more than 200,000 tonnes of clothing to landfill each year. But the deeper problem is structural. The entire business model is built on exploitation and environmental damage.

    Factory workers bear the brunt of cost-cutting. In the race to stay competitive, many manufacturers reduce wages and overlook hazardous working conditions.

    Will ethical fashion ever compete?

    Fixing these problems will require a global rethink of how fashion operates.
    Governments have a role in regulating disclosures about supply chains and enforcing labour standards.

    Brands need to take responsibility for the conditions in their factories, whether directly owned or outsourced. Transparency is essential.

    Alternatives to fast fashion are gaining traction. Clothing rentals are emerging as a promising business model that help build a more circular fashion economy. Charity-run op shops have long been a sustainable source of second-hand clothing.

    Australia’s new Seamless scheme seeks to make fashion brands responsible for the full life of the clothes they sell. The aim is to help people buy, wear and recycle clothes in a more sustainable way.

    Consumers also matter. If we continue to expect clothes to cost less than a cup of coffee, change will be slow. Recognising that a $5 t-shirt has hidden costs, borne by people on the factory floor and the environment, is a first step.

    Some ethical brands are already showing a better way and offer clothes made under fairer conditions and with sustainable materials. These clothes are not as cheap or fast, but they represent a more conscious alternative especially for consumers concerned about synthetic fibres, toxic chemicals and environmental harm.

    Trump reshuffled the deck, but did not change the game

    Trump’s trade rules aim to re-balance global trade in favour of American industry, yet have cost companies more than US$34 billion in lost sales and higher costs. This cost will eventually fall on US consumers. In ultra-fast fashion, it mostly exposed how fragile and exploitative the system already was.

    Today, brands such as Shein and Temu are thriving in Australia. But unless we address the systemic inequalities in fashion production and rethink the incentives that drive this market, the true cost of cheap clothing will continue to be paid by those least able to afford it.

    Mona Mashhadi Rajabi receives funding from the Department of Foreign Affairs and Trade (DFAT), the Accounting and Finance Association of Australia and New Zealand (AFAANZ), and a Business Research Grant from the University of Technology Sydney.

    Lisa Lake previously received funding from NSW Department of Education Innovation and Collaboration grant to establish the Centre of Excellence in Sustainable Fashion + Textiles.

    Martina Linnenluecke receives funding from The Department of Foreign Affairs and Trade (DFAT) and the Australian Research Council. Her work is also supported by a Strategic Research Accelerator Grant from the University of Technology Sydney (UTS).

    Yun Shen 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. How Trump’s trade war is supercharging the fast fashion industry – https://theconversation.com/how-trumps-trade-war-is-supercharging-the-fast-fashion-industry-257727

    MIL OSI – Global Reports –

  • MIL-OSI: LHV Group Elects Mihkel Torim as New CEO

    Source: GlobeNewswire (MIL-OSI)

    The Supervisory Board of AS LHV Group has elected Mihkel Torim as Chairman of the Management Board and CEO of LHV Group. He currently serves as Head of Investment Banking at LHV Bank. Torim will assume the role on 22 July 2025, succeeding Madis Toomsalu, who announced his intention to step down earlier this year after serving as CEO since 2016.

    Mihkel Torim is a seasoned leader in capital markets and investment banking, with over 20 years of experience across financial institutions in the Baltics and Northern Europe. He joined LHV in early 2023 to lead the bank’s investment banking operations. Prior to that, he held senior positions at Swedbank, including as Head of Baltic Investment Banking and Manager of the Finnish investment banking unit.

    As Chairman of the LHV Group’s Management Board, Torim has also been elected to the Supervisory Board of AS LHV Pank as of 22 July. Whether the new board member meets the eligibility requirements will also be approved bv the ECB. Conjointly, he is expected to join the Supervisory Boards of the Group’s other key subsidiaries: LHV Kindlustus, and LHV Varahaldus, as well as the Board of Directors of LHV Bank Ltd.

    Torim holds a bachelor’s degree in finance from Audentes University and has completed various professional development programs. He currently serves on the Management Board of Fortima OÜ. While he does not presently hold shares in LHV Group, he has been granted options to subscribe for a total of 199,575 shares issued in 2023 and 2024.

    Rain Lõhmus, Chairman of the Supervisory Board of LHV Group, commented:
    “Mihkel has proven himself through dedication and results. His high agency and commitment to continuous learning make him well-suited to steer LHV into its next stage of development. His investment banking background gives him a sharp understanding of where and how value is created. As LHV prepares for significant technological transformation, these qualities are essential.
    I would also like to thank Madis Toomsalu, who has been instrumental in shaping LHV into the strong financial group it is today.”

    Mihkel Torim commented:
    “I take on this new challenge knowing that LHV is very well managed. Together, our team is well-positioned to deliver on LHV’s vision to become the most trusted and forward-thinking financial group. My priority will be set on growing the value of the company. We are committed to innovation, operational excellence, and long-term growth —underpinned by a vigilant, client-first culture.”

    Besides Mihkel Torim, the Management Board of LHV Group also includes Meelis Paakspuu, Kadri Haldre and Jüri Heero.

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,150 people. As at the end of April, LHV’s banking services are being used by 468,000 clients, the pension funds managed by LHV have 113,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Priit Rum
    Communications Manager
    Phone: +372 502 0786
    Email: priit.rum@lhv.ee

    The MIL Network –

  • Indian stock market opens in green, IT and PSU banks lead

    Source: Government of India

    Source: Government of India (4)

    The Indian benchmark indices opened higher on Monday amid positive global cues, as buying was seen in the IT, PSU banks and auto sectors in the early trade.

    At around 9.26 am, Sensex was trading 379.01 points or 0.46 per cent up at 82,568 while the Nifty added 116.15 point or 0.46 per cent at 25,119.20.

    Nifty Bank was up 273.35 points or 0.48 per cent at 56,851.75. The Nifty Midcap 100 index was trading at 59,405.95 after rising 395.65 points or 0.67 per cent. Nifty Smallcap 100 index was at 18,711.90 after climbing 129.45 points or 0.70 per cent.

    According to analysts, the monetary bazooka fired by the RBI last week will keep the market spirits alive in the near-term.

    But this may not be sufficient to sustain the rally, and more important is the trend in earnings growth, they added.

    “Q4 results indicate better earnings growth for midcaps. FY26 earnings are unlikely to reach mid teens, which is necessary for the market to remain resilient and move up,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd.

    Meanwhile, in the Sensex pack, Bajaj Finance, Axis Bank, IndusInd Bank, Kotak Mahindra Bank and Infosys were the top gainers. Whereas, Titan, Tata Steel and Eternal were the top losers.

    After a positive opening, Nifty can find support at 25,000, followed by 24,900 and 24,800. On the higher side, 25,100 can be an immediate resistance, followed by 25,200 and 25,300, said experts.

    Given the current market dynamics and lingering global uncertainties, traders are advised to maintain a disciplined approach. It is prudent to avoid taking large overnight positions and instead focus on short-term trading opportunities, backed by strict stop-losses and robust risk management, said Hardik Matalia from Choice Broking.

    The foreign institutional investors (FIIs) purchased equities worth Rs 1,009.71 crore on June 6, while domestic institutional investors (DIIs) extended their buying on the 14th day, as they bought equities of Rs 9,342.48 crore on the same day.

    In the Asian markets, Hong Kong, Bangkok, China, Seoul and Japan were trading in green.

    In the last trading session, Dow Jones in the US closed at 42,762.87, up 443.13 points, or 1.05 per cent. The S&P 500 ended with a gain of 61.06 points, or 1.03 per cent, at 6,000.36 and the Nasdaq closed at 19,529.95, up 231.51 points, or 1.20 per cent.

    (IANS)

  • MIL-OSI Russia: Republic of Latvia: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    June 8, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC – June 9, 2025

    Latvia’s economy is navigating a complex global environment while addressing structural challenges at home. Geoeconomic fragmentation, geopolitical tensions, higher trade barriers and trade policy uncertainty, and labor and skills shortages are adding to challenges to productivity growth. Meanwhile, Latvia faces significant medium- and long-term spending pressures driven by population aging, defense needs, and investments for energy security. To address these spending needs, staff recommends the mobilization of additional revenue and the acceleration of structural fiscal reforms. Improving pension adequacy requires strengthening the second and third pillars of the pension system. The authorities should continue to monitor risks in the financial sector, including banks’ exposure to the commercial real estate sector, and reassess the solidarity contribution on banks. To strengthen resilience and growth—which will also support public finances—the authorities should consider measures to boost productivity. These include increasing the quantity and quality of corporate investment (e.g., by improving firms’ access to finance), supporting the reallocation of labor and capital toward higher value-added products and services, and enhancing digital technology adoption in traditional sectors.

    Outlook and Risks

    Growth is projected to rebound in 2025. Real GDP growth is projected to recover to about 1 percent in 2025, underpinned mainly by higher public investment, but also a recovery in private consumption and a gradual recovery of external demand. Headline inflation is projected to increase to about 3 percent in 2025, reflecting higher energy prices in the early months of 2025 and higher food prices, and core inflation is expected to moderate but remain above headline reflecting persistent services inflation.

    Risks to the outlook are tilted to the downside. Rising geopolitical tensions, and higher tariffs and trade policy uncertainty may dampen the recovery. Although direct trade and financial exposures to the United States are small, weaker demand in key European trading partners and lower consumer and business confidence could affect economic and financial stability through financial contagion. Other downside risks to growth include a further slowdown of growth in Latvia’s trading partners, delays in the absorption of EU funds, new increases in global energy and food prices, and an increase in electricity prices. At the same time, a strong economic recovery in Latvia’s main trading partners, a boost in confidence from improved security, a faster-than-expected disbursement of EU funds, and a swift implementation of structural reforms may contribute to higher-than-expected economic growth. Latvia has a strong track record, solid commitment to fiscal discipline, and strong fiscal institutions. Despite that, the fiscal balance is subject to downside risks from higher spending in defense, contingent liabilities with state-owned enterprisesthat could be in excess of the Fiscal Safety Reserve, and higher capital expenditure with large infrastructure projects.

    Fiscal Policy: Addressing Public Spending Pressures

    The moderately expansionary budget in 2025 is appropriate, given the currently negative output gap. The headline fiscal deficit is projected to increase to about 3 percent of GDP in 2025, because of higher defense and investment spending needs. At the same time, the 2025 budget includes tax reforms to simplify the personal income tax that will generate minimal revenue gains.

    Latvia’s government faces significant medium- and long-term spending pressures.These include rising costs for pensions and health care, increased defense spending, and investments for energy security. The government has recently committed to increasing defense spending to 5 percent of GDP from 2026 onwards. In the absence of measures to raise fiscal revenues and reprioritize government spending, Latvia’s structural fiscal deficit (including one-off expenses) is projected to average about 3 percent of GDP in the medium-term. This would raise public debt close to 50 percent of GDP in 2030, eroding fiscal space and limiting the authorities’ ability to address large adverse shocks in the future.

    Going forward, the authorities should proactively preserve fiscal buffers. Staff estimates that bringing public debt to its pre-Covid level of 40 percent of GDP in 2030 requires a fiscal consolidation of about ½ percent of GDP per year between 2026 and 2030.

    The government should therefore mobilize additional revenue. Revenue measures could include (i) strengthening tax compliance; (ii) broadening the bases of corporate and personal income taxes (e.g., by reducing the shadow economy); (iii) continuing to improve VAT collection efficiency through further narrowing the compliance gap; (iv) reducing tax exemptions and fossil fuel subsidies; and (v) raising property tax revenue. The government should also consider improving the efficiency of public spending by further improving procurement, eradicating rent-seeking activities, simplifying regulation, reducing bureaucracy, and increasing the efficiency of public administration and public investment management.

    The government should adopt measures to support medium- and long-term pressures arising from higher spending with pensions. The government needs a comprehensive approach to improve pension adequacy while ensuring the financial balance of the pension system. This may include pursuing active labor market policies to increase labor force participation, incentivizing pensioners to work, and linking the retirement ages to future life expectancy gains. The authorities should also strengthen pension adequacy by increasing the contribution rates and the returns to the mandatory defined contribution pension pillar and strengthening incentives for higher voluntary savings for retirement through a more flexible and accessible system design.

    Financial Policies: Countering Risks and Building Resilience in the Financial Sector

    The authorities should monitor loan exposure to commercial real estate (CRE) and reassess the solidarity contribution on banks. If remaining in place for long, the solidarity contribution could distort bank lending toward less productive uses such as real estate and reduce lending to corporates. This is because banks can spread the increased tax costs over the full term of a mortgage, unlike for corporate loans which have shorter maturities. Considering structural changes in the office CRE segment globally, and given that loans to the CRE sector are around 31 percent of banks’ total corporate loan portfolio, CRE developments should be closely monitored.

    The macroprudential policy stance remains broadly appropriate. The implementation of a positive neutral countercyclical capital buffer requirement, which will be raised to 1 percent in June 2025, helps build up releasable macroprudential buffers. However, the looser debt-to-income and debt service-to-income limits implemented in 2024 to promote loans for the purchase of energy-efficient housing should be reconsidered. Latvia has made further progress in strengthening its AML/CFT framework.

    Structural Reforms: Policies to Boost Investment and Productivity

    Latvia’s low productivity growth is driven by sluggish capital accumulation and an inefficient allocation of productive resources. The low capital stock results from inadequate investment in part driven by financial constraints and low risk-adjusted expected returns. Structural bottlenecks like costly and lengthy insolvency processes (despite improvements) or limited occupational and regional mobility of the labor force have hindered the flow of resources from low- to high-productivity firms. Boosting productivity would help to increase the tax base and sustainably lift incomes, while preserving Latvia’s external competitiveness.

    Corporate reforms can improve capital allocation and enhance access to finance. Insolvency reforms with a focus on micro companies and timely initiation of insolvency cases that facilitate the exit of firms that are not economically viable could help to reallocate resources to more viable businesses. Initiatives to develop the capital market could help improve the access to finance by smaller firms. Expanding venture capital and equity financing would improve access to finance, therefore boosting opportunities for startups and allowing young firms to scale up. All these reforms will be more successful if combined with deepening the EU’s single market, which will allow Latvia’s firms to leverage economies of scale and greatly improve access to capital markets.

    Addressing labor and skills shortages would sustain investment and productivity growth in Latvia. High-quality education and training systems, and targeted upskilling and reskilling measures are key to reducing the labor and skills shortages, improving competitiveness, and boosting productivity. The facilitation of skilled migration and the use of targeted active labor market policies will also help to enhance participation in the labor market.

    Product and service market reforms can enhance competition and productivity. The regulatory framework could be improved by reducing the use of retail price regulation, streamlining spatial planning and construction regulations, and further simplifying administrative procedures and digitalization efforts in the construction sector.

    The authorities should enhance support for innovation, technology adoption, and digital transformation, as well as strengthen energy security. Despite a modest rise in the past decade, Latvia’s R&D spending as a share of GDP remains among the lowest in Europe, hampering innovation and productivity growth. The authorities should accelerate the digital transformation by centralizing the governance of digital platforms and systems in the public sector, expanding digital training to public employees, promoting digitalization in businesses and in the education sector, and enhancing the broadband infrastructure. Finally, Latvia should continue to enhance its energy security by increasing the share of renewable energy, including biomass, and improving interconnections to other European power grids.

    An IMF team conducted meetings in Riga during May 26–June 6, 2025. The mission was led by Mr. Luis Brandao-Marques and includes Gianluigi Ferrucci, Bingjie Hu, and Keyra Primus (all EUR). Carlos Acosta and Anjum Rosha (all LEG) participated virtually in meetings. Gundars Davidsons (OED) participated in the meetings. The mission would like to thank the authorities for their open collaboration, generous availability, and the candid and constructive discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Boris Balabanov

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

    https://www.imf.org/en/News/Articles/2025/06/06/mcs060925-Latvia-Staff-Concluding-Statement-2025-Article-IV-Mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: MoneyHero Group Expands Digital Asset Wealth Product Offerings in Hong Kong in Strategic Collaboration with OSL

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 09, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced a strategic collaboration with OSL Group Limited (HKEX: 863) (“OSL”), Asia’s leading regulated digital asset platform, to expand its digital asset wealth product offerings. This collaboration marks a key step as MoneyHero expands its wealth products offerings in Hong Kong to include digital asset-related services provided by Securities and Futures Commission of Hong Kong (“SFC”)-licensed institutions, aiming to enhance financial wellbeing for consumers in Hong Kong.

    Through this collaboration, MoneyHero users can compare digital asset account products offered by leading SFC-licensed platforms like OSL, alongside insurance, stock, and bank account products, empowering them to make smarter and more informed financial decisions with a broader range of product choices. Hong Kong’s growing interest in digital assets reflects increasing demand for diversified financial solutions. According to data from Investor and Financial Education Council (IFEC)1, a subsidiary of the SFC, 8% of retail investors in Hong Kong invested in virtual assets and related products in 2023, up from just 1% in 2019, while 11% of retail investors showed intention to invest in these products – reflecting the growing direct participation and interest that MoneyHero and OSL are addressing.

    Rohith Murthy, CEO of MoneyHero, said: “We are thrilled to work with OSL, a recognised leader in the regulated digital asset space in Asia. This collaboration reflects our unique value proposition and position as the leading digital acquisition partner for the majority of banks across Greater Southeast Asia, which we are leveraging to extend our offerings into the digital asset space. We are committed to providing our users with comprehensive financial solutions and access to emerging asset classes in a responsible and informed manner. OSL’s strong regulatory compliance and institutional expertise provide valuable support for our expansion into the sector, where we also see significant potential to broaden our offerings in the future.”

    Jack Derong, CMO of OSL, said: “We are delighted to join forces with MoneyHero, an established and trusted platform across Southeast Asia. We believe that providing accessible and regulated pathways to digital assets is crucial for the industry’s sustainable growth. MoneyHero’s extensive user network and transparent and reliable comparison tools will empower a wider audience with the knowledge and access to participate in the digital asset economy with confidence.”​​​​

    About MoneyHero Group

    MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 290 commercial partner relationships as at 31 December 2024, and had approximately 6.2 million Monthly Unique Users across its platform for the three months ended 31 December 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    About OSL Group
    OSL Group (HKEX: 863.HK) is a leading global financial infrastructure platform bridging traditional finance and the digital asset economy through blockchain technology. The Group is dedicated to providing efficient, seamless, and regulatory-compliant financial services to individuals and businesses worldwide.

    OSL delivers a comprehensive suite of regulated services through its licensed platforms, including 24/7 OTC brokerage with deep liquidity fiat gateways and competitive pricing; omnibus brokerage solutions enabling traditional financial institutions to integrate digital assets; SOC 2 Type 2-certified custody with up to US$1 billion insurance protection; and compliant retail trading channels; wealth management solutions, including scheduled launches on tokenised treasuries and RWAs; and in preparation for cross-border payment infrastructure via OSL Pay.

    “Open, Secure, Licensed” are the principles OSL lives by. OSL is expanding its compliant infrastructure across Japan, Australia, and Europe, potentially Southeast Asia, powering the next generation of global financial infrastructure.

    For more information, please visit group.osl.com.

    For MoneyHero inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    MoneyHero PR Team
    Press@MoneyHeroGroup.com

    For OSL inquiries, please contact:
    OSL Media Team
    media@osl.com

    Disclaimer

    The Company and its subsidiaries do not hold any license issued by the SFC and do not engage in any regulated activities as defined under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). This press release is for informational purposes only and does not constitute, nor is it intended to constitute, an offer or invitation to provide any securities, investment, or other regulated services to the public in Hong Kong.

    1Investor and Financial Education Council. (2023). Retail Investor Study 2023. Retrieved from https://www.ifec.org.hk/web/common/pdf/about-ifec/retail-investor-study-2023.pdf

    The MIL Network –

  • MIL-OSI New Zealand: Rich get much richer, driving inequality and poverty

    Source: Green Party

    The 2025 NBR Rich List makes immediately obvious the need for a fair tax system, says the Green Party. 

    “The rich list is now worth more than one hundred billion dollars, while the Government has chosen to cut support to tens of thousands of the lowest income New Zealanders. It’s time to tax wealth, and build a country where all of us can thrive,” says the Green Party’s spokesperson for Finance and co-leader Chlöe Swarbrick.

    “Poverty and homelessness doesn’t come from nowhere. They are created by inequality. Christopher Luxon has put his foot down on the accelerator. By design, the rich are getting much, much richer while the poor are getting much, much poorer.

    “We already know that the wealthiest households are able to arrange their finances to pay half the effective tax rate of regular New Zealanders. That means, proportionally, teachers, nurses, builders and firefighters pay more of their income to support our country’s infrastructure than the billionaires the Prime Minister has chosen to celebrate today.

    “The Greens are ambitious for an Aotearoa New Zealand where everyone has what they need to thrive. We can have free GPs, free early childhood education, free dental care and rapidly reduce climate changing emissions – if the rich pay their fair share.

    “A wealth tax on just the ten wealthiest rich listers alone would pay for free GP care for all New Zealanders.

    “Don’t let the people laughing their way to the bank while everyone else suffers tell you what is possible. We all deserve so much better, and our Green Budget shows how,” says Chlöe Swarbrick.

    MIL OSI New Zealand News –

  • MIL-Evening Report: NZ homes are notorious for being cold and damp. Here are 4 ways to make yours feel warmer this winter

    Source: The Conversation (Au and NZ) – By John Tookey, Professor of Construction Management, Auckland University of Technology

    New Zealand has just been hit by the first big cold snap of 2025 and, like every year, many New Zealanders will be reaching for an extra jumper, slippers and maybe a blanket to try and keep warm.

    New Zealand’s housing stock has long been criticised for being damp, cold and ill-suited to the climate.

    In the 2018 Census, households were asked about the state of their homes. According to Stats NZ, 318,891 homes in New Zealand (21.5%) were affected by dampness and 252,855 (16.9%) had visible mould larger than A4 size at least some of the time.

    While the World Health Organization recommends a minimum indoor temperature of 18˚C, many homes in New Zealand fall below these thresholds, with some experiencing temperatures less than 16°C.

    Even when homes are built to code, there can still be issues and health risks. A lot of New Zealand’s housing is not fit for purpose – particularly at this time of the year.

    While improving heating and standards is a homeowner choice, for landlords it is increasingly a requirement. Over recent years landlords have faced increasing costs to achieve legal heating, ventilation and insulation requirements within 90 days of a new or renewed tenancy.

    For everyone else, there are ways to make homes more efficient to heat and comfortable to live in. Here are four ways to keep heat in your home this winter – some simple and affordable, while others are more of an investment.

    Insulation is your friend

    Firstly, insulation is our friend in winter. Double glazing is excellent but expensive (between NZ$450/m2 and $1500/m2) and subject to restrictions in heritage buildings. There are other options.

    Secondary glazing with glass, acrylic or applique plastic sheets can be a significantly more cost-effective option.

    Where possible, home owners should be looking at ways to add to thermal efficiency by increasing insulation.

    Walls can be retrofitted with cavity fillers. If your budget can stretch to it, rigid insulation board is also effective. Under the floor and in the roof spaces are favourites for these upgrades. They are relatively cheap improvements to make and generally pay for themselves.

    Target draughts

    Secondly, a warm and dry home requires finding and eliminating draughts.

    For many years, building scientists have sought to achieve airtight homes. An airtight home substantially reduces heat loss in winter.

    Temporary and permanent improvements can be made by buying or making some draught excluders and door sweeps for doorways. But specialist products such as adhesive-backed foam tape or V-strip weatherstripping around door and window frames are also very effective.

    Even just using masking tape during winter to seal the gaps in unused windows can help keep warmth in the home.

    Windows and a compass

    Third, use your window orientation strategically. Invest in heavier curtains (or blinds) that insulate windows. Then use a compass (you probably have a compass app on your phone) to work out which way is north.

    North-facing windows catch the sun during the day, and contribute to thermal gain in a house. South-facing windows are in shadow all day and tend to act as a heat sink, losing energy throughout the day.

    During the day, ensure curtains and blinds are open on the north side and closed on the south side. As soon as night falls, close the curtains to retain maximum heat. Try to keep unused rooms closed off and stick to the naturally warmer spaces.

    Move heat around

    Fourth, use ceiling fans, heat pumps, and dehumidifiers to maximise the available heat in your house.

    Heat will stratify into layers in your house. It is always going to be warmer near the ceiling of each room. Usually, the loft space is the warmest of all through maximum thermal gain during the day.

    Using a ducted heat pump can recycle that heat to the living spaces. Similarly, if you set the ceiling fan to move air around the room you will make the most of what you have. Ideally, run the ceiling fan backwards (clockwise) if it has that option, to create an updraught rather than a downdraught to aid circulation.

    Dehumidifiers are extremely useful in increasing the feeling of warmth in a house. During operation, they release some latent heat while condensing water. Dry air is easier to heat, making your heating more efficient.

    Your home can make you sick

    Cold damp homes can have significant health impacts, including respiratory issues, rheumatic fever and skin infections – particularly for children and vulnerable people.

    Targeting heat loss and dampness can help improve conditions. Will it ensure every home is warm and toasty? No. But these steps can make their homes just a little bit warmer – and healthier – this winter.

    John Tookey 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. NZ homes are notorious for being cold and damp. Here are 4 ways to make yours feel warmer this winter – https://theconversation.com/nz-homes-are-notorious-for-being-cold-and-damp-here-are-4-ways-to-make-yours-feel-warmer-this-winter-257893

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: AFSM honour for fire services impact

    Source:

    Colin Brown AFSM is a dedicated and highly experienced firefighter and emergency services leader with more than 40 years of service to CFA and Fire Rescue Victoria.

    His longstanding career exemplifies outstanding leadership, innovation and service in firefighting, emergency management, aviation operations and community engagement. Beyond his distinguished service in frontline firefighting, Colin has played a pivotal role in shaping strategic emergency management frameworks, mentoring future leaders, and championing inclusivity.

    Colin is a current volunteer member of Warrandyte Fire Brigade, a fire Rescue Victoria (FRV) Commander at CFA District 13, and a former CFA Deputy Group Officer of Seymour Group. He is also an accredited wildfire and structural fire investigator and has mentored prospective investigators undergoing training in the past.

    “As a teenager growing up in The Basin, there was little to do to occupy my time,” Colin said. 

    “The local fire brigade was near my home and hearing them regularly respond to incidents prompted me to join. Once I became a member, the camaraderie within the brigade and a sense of helping the community led me to pursue a career as a firefighter.”

    Across his more than four decades of service, Colin has made a significant contribution in the protection of life and property at major fires including Dandenong Ranges fires (1967, 1997), Ash Wednesday (1983), Black Saturday Fires (2009) and the Cambarville fires (2019-20).

    He also managed emergency response as Incident Controller for complex fires including Dutson Downs Bombing Range (1999), Hazelwood Power Station (2000) and Maryvale Paper Mill (2001), and provided strategic leadership during the Victorian Alpine Fires (2002-03), Emu Track Fire (2003), the 2019-20 fires (in both Victoria and NSW) and numerous other large-scale emergencies. Additionally, he has been involved in multi-agency emergency operations, working alongside Victoria Police, CFA, DELWP and other emergency services.

    “One of the incidents that stands out for me is the Longford gas explosion in 1998. It was my first day as a CFA Operations Officer and I was asked to lead the CFA Fire Investigation team in determining its cause,” Colin said.

    “I was then privileged to be asked by ESSO Australia to support the Longford team to obtain their licence as a major hazards facility.”

    Colin’s expertise and leadership during catastrophic events has led to significant advancements in township protection plans, improvements in Incident Control Centres and the creation of the highly successful Your Emergency Services (YES) program in the Yarra Ranges.

    Following the Black Saturday Royal Commission, Colin worked with 21 CFA brigades across the Dandenong Ranges and surrounding areas on an EMV-led project to provide community alert sirens in emergencies through existing CFA and purpose-built sirens. This project is now in place and has been used to alert these communities to emergencies since its implementation, improving public safety outcomes.

    Colin is also a champion of diversity in emergency response operations. His commitment to training, mentoring and inclusivity has led to advancements in fire aviation operations and fire investigation, including endorsing the first accredited woman CFA Air Observer and managing the development of a joint agency training manual between CFA and DELWP.

    “Receiving the AFSM is very humbling, and I am privileged to be honoured by this significant award,” Colin said.

    “CFA is a fantastic organisation. It allows you to challenge yourself and contribute to protecting your community. It provides you with opportunities to develop diverse skills, including leadership and teamwork, outside of your normal day-to-day life.

    “I have also made many friends and acquaintances over my 45 years of service to the organisation and the community.”

    Colin’s dedication, visionary leadership and commitment to safeguarding communities has enhanced firefighting and incident management in Victoria. His contributions continue to shape best practice, mentor future leaders and inspire excellence in firefighting and emergency management.

    Submitted by CFA media

    MIL OSI News –

  • MIL-OSI Australia: National recognition for three experienced officers

    Source: New South Wales – News

    Three outstanding South Australia Police (SAPOL) officers have been acknowledged with Australian Police Medals (APM) in the 2025 King’s Birthday honours.

    Assistant Commissioner Ian Parrott, Superintendent Craig Wall, and Detective Senior Sergeant Rebecca Hughes are recognised for their dedication to policing and a collective 109 years of service.

    The APM recognises meritorious contributions to an Australian police service and is presented by the Governor-General.

    Commissioner of Police Grant Stevens APM LEM congratulated the three APM recipients on receiving this significant honour.

    “These officers exemplify the values of South Australia Police and represent the commitment and professionalism in their work towards ensuring the safety and security of our community,” he said.

    “Ian, Craig and Rebecca have each given decades of selfless service.

    “Receiving this medal will go down as one of the highlights of their career.”

    Assistant Commissioner Ian Parrott

    Assistant Commissioner Ian Parrott joined SAPOL in 1987, and after serving on patrol and in the Operational Response Group, in 1994 he was promoted to Senior Constable in the Special Tasks and Rescue (STAR) Division, working as a firearms specialist in a Response Unit.

    In 2000, Assistant Commissioner Parrott was promoted to Sergeant and two years later to Senior Sergeant, representing SAPOL in counter-terrorism training and development, enhancing national and local responses.

    In 2005, he was appointed an Inspector, initially as Officer in Charge of Combined Operations within STAR Group and later within Human Resources Service.

    In 2008, Assistant Commissioner Parrott’s leadership of frontline country policing began when he was promoted to Officer in Charge of Riverland Local Service Area (LSA), and then Murray Mallee LSA’s Superintendent. In these postings he was Forward Commander at a major domestic violence murder and siege resulting in the arrest and imprisonment of a significant violent offender; achieved excellent reductions in crime; and led his people in providing exemplary service to their communities.

    He returned to Human Resources (HR) and then led metropolitan and peri-urban operations in South Coast LSA while also being integral to SAPOL’s White Ribbon Accreditation. While working in the Communications Group, he led the successful implementation of new computer systems, structures, and dispatch protocols in support of the District Policing Model.

    In 2019, he was promoted to Assistant Commissioner, State Operations Service where he has driven road safety policing, regional policing, and First Nations policy and practice (including Closing the Gap initiatives) with extraordinary commitment.

    Assistant Commissioner Ian Parrott

    Superintendent Craig Wall

    Superintendent Craig Wall joined SAPOL in 1986, graduating to patrol duties then transferring to the Operations Response Group.

    In 1994, he was promoted to Senior Constable in the Special Tasks and Rescue (STAR) Division, working in a Response Unit engaged in tactical policing and rescue duties. This included the May 1994 Nuriootpa siege in which he displayed professionalism and courage under fire from a suspect.

    While at STAR he was promoted to Sergeant and to Senior Sergeant, qualified as a Police Diver, and was a tactical policing first responder at numerous high-risk tasks involving considerable danger.

    In April 2008, Superintendent Wall was appointed an Inspector in the Protective Security Service. Returning to STAR in 2010 as Operations Inspector, he became Police Tactical Group Capability Advisor for the ANZCTC, responsible for facilitating national police tactical training courses including special weapons, explosives and tactical command.

    Superintendent Wall also managed frontline patrols in the Transit Services Branch and Public Transport Safety Branch. Between 2015 and 2020 Superintendent Wall led country and metropolitan frontline services as Officer in Charge of the Hills Fleurieu LSA), Eastern Adelaide LSA and later Eastern District.

    Since 2020 he has been Officer in Charge of STAR, where he implements a clear vision for continued development and implementation of specialist policing response capability across South Australia. His confidence, clarity and judgement inspire trust in his team. Superintendent Wall holds prominent positions on national committees, councils and working groups and has contributed significantly to national practices that are interoperable and consistent.

    Superintendent Craig Wall

    Detective Senior Sergeant Rebecca Hughes

    Detective Senior Sergeant Rebecca Hughes joined SAPOL in 1993 and was initially posted to the Elizabeth Police Station.

    In 2003, she was promoted to Senior Constable and commenced in the Criminal Investigation Branch (CIB). During this time, she also worked on the Focus 21 initiative that set the strategic direction for SAPOL at the time.

    As a CIB member and later a designated Detective, she continued a career balanced between criminal investigation and strategic contribution, serving on Project Compass and the Organisational Reform Unit, and coordinating an extensive program focused on enhancing customer service at the frontline.

    Detective Senior Sergeant Hughes was promoted whilst in the Special Crimes Investigation Branch, and again when managing the Australian National Child Offender Register (ANCOR) Unit. At ANCOR, she has provided highly valued insight into legislative and policy matters at both state and national level, extending beyond her immediate responsibilities to drive the future of child protection. Her strategic acumen and meticulous preparation of processes and strategies have been integral to a suite of legislative and operational enhancements. These have included harmonisation of state, territory and Commonwealth child sex offender registration schemes, which has improved the tracking and management of offenders and led to more effective prevention strategies.

    Detective Senior Sergeant Hughes has also significantly enhanced information sharing between jurisdictions and to ensure children at risk receive timely and appropriate protection. The measures led by Detective Senior Sergeant Hughes have collectively contributed to a safer environment for children by improving the efficiency of the child protection system and reflect Australia’s commitment to upholding the rights and safety of children as expressed in the National Framework for Protecting Australia’s Children 2021-2031.

    Detective Senior Sergeant Rebecca Hughes

    MIL OSI News –

  • MIL-Evening Report: How Trump’s trade war is supercharging the fast fashion industry

    Source: The Conversation (Au and NZ) – By Mona Mashhadi Rajabi, Postdoctoral Research Fellow, University of Technology Sydney

    Jade Gao/Getty Images

    When US President Donald Trump introduced sweeping new tariffs on Chinese imports the goal was to bring manufacturing back to American soil and protect local jobs.

    However, this process of re-shoring is complex and requires years of investment and planning – far too slow for the world of ultra-fast fashion, where brands are used to reacting in weeks, not years.

    Many clothing companies started to move production out of China during Trump’s first term. They relocated to countries such as Vietnam and Cambodia when the initial China-specific tariffs hit.

    This trend accelerated with the newer “reciprocal” tariffs. Instead of re-shoring production, many fashion brands are simply sourcing from whichever country offers the lowest total cost after tariffs. The result? The ultra-fast fashion machine adapted quickly and became even more exploitative.

    From Guangzhou to your wardrobe in days

    Platforms such as Shein and Temu built their success by offering trend-driven clothing at shockingly low prices. A $5 dress or $3 top might seem like a bargain, but those prices hide a lot.

    Much of Shein’s production takes place in the so-called “Shein village” in Guangzhou, China, where workers often sew for 12–14 hours a day under poor conditions to keep pace with the demand for new items.

    When the US cracked down on Chinese imports, the intention was to make American-made goods more competitive. This included raising the tariff on Chinese goods as high as 145% (since paused), and closing the “de minimis” loophole, which had allowed imports under US$800 to enter tariff-free.

    But these tariffs did not halt ultra-fast fashion. They just rerouted production to countries with lower tariffs and even lower labour costs. The Philippines, with a comparatively low tariff rate of 17%, emerged as a surprising alternative. However, the country can’t provide the industrial scale and infrastructure to match what China can offer.

    So why does Australia matter?

    Much of the cheap fashion previously bound for the US is now flooding other markets, including Australia.

    Australia still allows most low-value imports to enter tax-free, and platforms such as Shein and Temu have taken full advantage. Australian consumers are among the most frequent Shein and Temu buyers per capita globally.

    Just 3% of clothing is made in Australia and most labels rely on offshore manufacturing. This makes Australia an ideal target market for ultra-fast fashion imports. We have high purchasing power, lenient import rules and strong demand for low-cost style, especially due to the cost-of-living crisis.

    The hidden costs of cheap clothes

    The environmental impact of fast fashion is well known. However, amid the chaos of Trump’s tariff announcements, far less attention has been paid to how these policies – together with the retreat from climate commitments – worsen environmental harms, including those linked to fast fashion.

    The irony is that the tariffs meant to protect American workers have, in some cases, worsened conditions for workers elsewhere. Meanwhile, consumers in Australia now benefit from faster delivery of even cheaper goods as Temu, Shein and others have improved their shipping capabilities to Australia.

    Australian consumers send more than 200,000 tonnes of clothing to landfill each year. But the deeper problem is structural. The entire business model is built on exploitation and environmental damage.

    Factory workers bear the brunt of cost-cutting. In the race to stay competitive, many manufacturers reduce wages and overlook hazardous working conditions.

    Will ethical fashion ever compete?

    Fixing these problems will require a global rethink of how fashion operates.
    Governments have a role in regulating disclosures about supply chains and enforcing labour standards.

    Brands need to take responsibility for the conditions in their factories, whether directly owned or outsourced. Transparency is essential.

    Alternatives to fast fashion are gaining traction. Clothing rentals are emerging as a promising business model that help build a more circular fashion economy. Charity-run op shops have long been a sustainable source of second-hand clothing.

    Australia’s new Seamless scheme seeks to make fashion brands responsible for the full life of the clothes they sell. The aim is to help people buy, wear and recycle clothes in a more sustainable way.

    Consumers also matter. If we continue to expect clothes to cost less than a cup of coffee, change will be slow. Recognising that a $5 t-shirt has hidden costs, borne by people on the factory floor and the environment, is a first step.

    Some ethical brands are already showing a better way and offer clothes made under fairer conditions and with sustainable materials. These clothes are not as cheap or fast, but they represent a more conscious alternative especially for consumers concerned about synthetic fibres, toxic chemicals and environmental harm.

    Trump reshuffled the deck, but did not change the game

    Trump’s trade rules aim to re-balance global trade in favour of American industry, yet have cost companies more than US$34 billion in lost sales and higher costs. This cost will eventually fall on US consumers. In ultra-fast fashion, it mostly exposed how fragile and exploitative the system already was.

    Today, brands such as Shein and Temu are thriving in Australia. But unless we address the systemic inequalities in fashion production and rethink the incentives that drive this market, the true cost of cheap clothing will continue to be paid by those least able to afford it.

    Mona Mashhadi Rajabi receives funding from the Department of Foreign Affairs and Trade (DFAT), the Accounting and Finance Association of Australia and New Zealand (AFAANZ), and a Business Research Grant from the University of Technology Sydney.

    Lisa Lake previously received funding from NSW Department of Education Innovation and Collaboration grant to establish the Centre of Excellence in Sustainable Fashion + Textiles.

    Martina Linnenluecke receives funding from The Department of Foreign Affairs and Trade (DFAT) and the Australian Research Council. Her work is also supported by a Strategic Research Accelerator Grant from the University of Technology Sydney (UTS).

    Yun Shen 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. How Trump’s trade war is supercharging the fast fashion industry – https://theconversation.com/how-trumps-trade-war-is-supercharging-the-fast-fashion-industry-257727

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: PFMCrypto Announces Free and Sustainable Cloud Mining Technology for Bitcoin Users

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, California, June 08, 2025 (GLOBE NEWSWIRE) — PFMCrypto, the cloud mining service operated by UK-registered and FCA-regulated Precision Financial Management Ltd (Company No. 11719896), has officially launched a sustainable mining platform that combines user-friendly cloud contracts with renewable energy. The company’s service allows users to participate in Bitcoin mining without owning hardware, while its operations are powered by solar and wind energy—minimizing environmental impact and reducing operational costs.

    As technology continues to evolve, the global shift toward renewable energy is accelerating. PFMCrypto powers its cloud mining operations using renewable energy sources such as solar and wind power. This significantly reduces mining costs while returning excess electricity to the grid. This approach not only conserves energy but also delivers sustainable returns to investors—highlighting the enormous potential of green-powered mining.

    In the fast-paced world of cryptocurrencies, simplicity and profitability are key. For beginners seeking a reliable source of income, PFMCrypto’s cloud mining service is an especially appealing option.

    What Is PFMCrypto Cloud Mining?

    PFMCrypto cloud mining is a remote cryptocurrency mining solution that supports a range of digital assets, including Bitcoin. Users leverage the mining company’s computational power to earn profits without investing in hardware or handling technical maintenance. Through access to high-powered mining farms, PFMCrypto enables users to benefit from ongoing crypto mining rewards as complex blockchain problems are solved in real time.

    Key Benefits of PFMCrypto Cloud Mining

    Easy Investment: Users can invest effortlessly without complicated procedures.

    No Hardware Required: There’s no need to buy expensive mining equipment, lowering the barrier to entry.

    No Technical Expertise Needed: Ideal for beginners, with minimal technical requirements.

    Zero Operational Costs: No electricity, maintenance, or other overhead expenses for the user.

    Flexible and Reliable: Users can adjust their investment strategy according to their individual goals.

    Instant Start: interested users can quickly start mining without cumbersome preparations.

    Why Choose PFMCrypto?

    PFMCrypto is committed to clean and efficient energy solutions. Founded in 2018 in the UK, the platform has grown to serve more than 9.2 million users globally. Since its inception, the company has focused exclusively on Bitcoin mining. Today, PFMCrypto operates more than 20 large-scale mining farms and reportedly accounts for approximately 6.2% of the global mining hash rate.

    Platform Advantages

    Cutting-Edge Equipment: PFMCrypto uses top-tier mining hardware from manufacturers like Bitmain, Antminer, and other energy-efficient rigs to ensure stable and high-yield mining performance.

    Legal and Globally Trusted: Operated by FCA-regulated Precision Financial Management (PFM) Ltd, PFMCrypto complies with all UK financial regulations and serves a global user base of over 9.2 million real users.

    User-Friendly Interface: Designed with intuitive navigation so even beginners can easily manage their accounts.

    Multi-Crypto Support: Supports settlement in various popular cryptocurrencies including USDT-TRC20, BTC, ETH, LTC, USDC, BNB, USDT-ERC20, BCH, DOGE, SOL (Solana), XRP, and more.

    Stable Daily Returns: Mining contracts yield daily returns, with principal automatically refunded upon contract expiration to protect investment security.

    Expert Team: PFMCrypto boasts a professional IT team and 24/7 live customer support to assist users at all times.

    Affiliate Program: Invite friends and earn referral bonuses of up to $18,999.

    How to Join PFMCrypto

    1.Register: Sign up today and receive a $10 welcome bonus (plus $0.60 daily check-in rewards).

    2.Choose a Contract: After registering, select a mining contract that suits your goals and budget. PFMCrypto offers a range of plans to fit both new and seasoned miners.

    3.Start Earning: Once your mining contract is activated, the platform’s advanced technology handles the rest—ensuring your operation runs efficiently and maximizes your potential profits.

    Sample Investment Plans

    Trial Contract: Investment: $100 | Net Profit: $106.6

    Classic Contract: Investment: $500 | Net Profit: $530.75

    Classic Contract: Investment: $3,000 | Net Profit: $3,888

    Prepaid Contract: Investment: $5,000 | Net Profit: $7,370

    Advanced Contract: Investment: $10,000 | Net Profit: $17,240

    As your mining activity progresses, your account will begin to accumulate earnings. You can track performance through your dashboard and withdraw profits whenever you’re ready.

    In Summary

    PFMCrypto is a legally registered UK company authorized and regulated by the UK Financial Conduct Authority (FCA), adhering strictly to local regulations. The platform offers a seamless, low-barrier entry into crypto mining for both beginners and experienced investors, aiming to help users maximize their earnings with minimal effort.

    Start your hassle-free cloud mining journey with PFMCrypto and boost your income today! New users can get a $10 bonus.

    For more information, visit the official PFMCrypto website: https://pfmcrypto.net/ 

    Or download the mobile app from Google Play and the Apple App Store.

    The MIL Network –

  • MIL-Evening Report: Phil Goff: Israel doesn’t care how many innocent people it’s killing in Gaza

    COMMENTARY: By Phil Goff

    “What we are doing in Gaza now is a war of devastation: indiscriminate, limitless, cruel and criminal killing of civilians. It’s the result of government policy — knowingly, evilly, maliciously, irresponsibly dictated.”

    This statement was made not by a foreign or liberal critic of Israel but by the former Prime Minister and former senior member of Benjamin Netanyahu’s own Likud party, Ehud Olmet.

    Nightly, we witness live-streamed evidence of the truth of his statement — lethargic and gaunt children dying of malnutrition, a bereaved doctor and mother of 10 children, nine of them killed by an Israeli strike (and her husband, another doctor, died later), 15 emergency ambulance workers gunned down by the IDF as they tried to help others injured by bombs, despite their identity being clear.

    Statistics reflect the scale of the horror imposed on Palestinians who are overwhelmingly civilians — 54,000 killed, 121,000 maimed and injured. Over 17,000 of these are children.

    This can no longer be excused as regrettable collateral damage from targeted attacks on Hamas.

    Israel simply doesn’t care about the impact of its military attacks on civilians and how many innocent people and children it is killing.

    Its willingness to block all humanitarian aid- food, water, medical supplies, from Gaza demonstrates further its willingness to make mass punishment and starvation a means to achieve its ends. Both are war crimes.

    Influenced by the right wing extremists in the Coalition cabinet, like Israeli Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben-Gvir, Israel’s goal is no longer self defence or justifiable retaliation against Hamas terrorists.

    Israel attacks Palestinians at US-backed aid hubs in Gaza, killing 36. Image: AJ screenshot APR

    Making life unbearable
    The Israeli government policy is focused on making life unbearable for Palestinians and seeking to remove them from their homeland. In this, they are openly encouraged by President Trump who has publicly and repeatedly endorsed deporting the Palestinian population so that the Gaza could be made into a “Middle East Riviera”.

    This is not the once progressive pioneer Israel, led by people who had faced the Nazi Holocaust and were fighting for the right to a place where they could determine their own future and be safe.

    Sadly, a country of people who were themselves long victims of oppression is now guilty of oppressing and committing genocide against others.

    New Zealand recently joined 23 other countries calling out Israel and demanding a full supply of foreign aid be allowed into Gaza.

    Foreign Minister Winston Peters called Israel’s actions “ intolerable”. He said that we had “had enough and were running out of patience and hearing excuses”.

    While speaking out might make us feel better, words are not enough. Israel’s attacks on the civilian population in Gaza are being increased, aid distribution which has restarted is grossly insufficient to stop hunger and human suffering and Palestinians are being herded into confined areas described as humanitarian zones but which are still subject to bombardment.

    People living in tents in schools and hospitals are being slaughtered.

    World must force Israel to stop
    Like Putin, Israel will not end its killing and oppression unless the world forces it to. The US has the power but will not do this.

    The sanctions Trump has imposed are not on Israel’s leaders but on judges in the International Criminal Court (ICC) who dared to find Prime Minister Benjamin Netanyahu guilty of war crimes.

    New Zealand’s foreign policy has traditionally involved working with like-minded countries, often small nations like us. Two of these, Ireland and Sweden, are seeking to impose sanctions on Israel.

    Both are members of the European Union which makes up a third of Israel’s global trade. If the EU decides to act, sanctions imposed by it would have a big impact on Israel.

    These sanctions should be both on trade and against individuals.

    New Zealand has imposed sanctions on a small number of extremist Jewish settlers on the West Bank where there is evidence of them using violence against Palestinian villagers.

    These sanctions should be extended to Israel’s political leadership and New Zealand could take a lead in doing this. We should not be influenced by concern that by taking a stand we might offend US president Donald Trump.

    Show our preparedness to uphold values
    In the way that we have been proud of in the past, we should as a small but fiercely independent country show our preparedness to uphold our own values and act against gross abuse of human rights and flagrant disregard for international law.

    We should be working with others through the United Nations General Assembly to maximise political pressure on Israel to stop the ongoing killing of innocent civilians.

    Moral outrage at what Israel is doing has to be backed by taking action with others to force the Israeli government to end the killing, destruction, mass punishment and deliberate starvation of Palestinians including their children.

    An American doctor working at a Gaza hospital reported that in the last five weeks he had worked on dozens of badly injured children but not a single combatant.

    He noted that as well as being maimed and disfigured by bombing, many of the children were also suffering from malnutrition. Children were dying from wounds that they could recover from but there were not the supplies needed to treat them.

    Protest is not enough. We need to act.

    Phil Goff is Aotearoa New Zealand’s former Minister of Foreign Affairs. This article was first published by the Stuff website and is republished with the permission of the author.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Bitcoin Solaris Presale Surges Past $3.8M as Final $6 Phase Nears Close

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 08, 2025 (GLOBE NEWSWIRE) — The crypto community is buzzing as Bitcoin Solaris (BTC-S) crosses a major milestone, raising $3.8 million in its ongoing presale. With over 11,000 participants already onboard and the token price still at just $6, this marks one of the most rapid early-stage raises of 2025.

    Built with a clear focus on speed, decentralization, and developer-ready infrastructure, Bitcoin Solaris is more than just another token—it’s a full-stack blockchain ecosystem gearing up for mainnet launch. The current phase of the presale is expected to end within days, ahead of the next price jump to $7.

    Why Bitcoin Solaris Is Outpacing the Crypto Pack

    Bitcoin Solaris was built to take the best of each and leave the problems behind.

    Here’s how it does that:

    • Combines Proof-of-Work and Delegated Proof-of-Stake for a dual-consensus model.
    • Runs up to 100,000 TPS on the Solaris Layer, with 2-second finality.
    • Secures its Base Layer with SHA-256, keeping it compatible with existing mining rigs.
    • Includes 21 rotating validators, ensuring decentralization with performance.

    Why Everyone Is Talking About It

    From top Telegram groups to influencer channels, the buzz around Bitcoin Solaris is only growing. The detailed breakdown by Ben Crypto highlights why this project stands out in a sea of overpromises. With real use cases, deep audits, and a scalable structure, the hype isn’t artificial—it’s earned.

    What makes this even more incredible? The presale isn’t even over yet.

    • Current phase: 6 (last day)
    • Current price: $6
    • Next phase: $7
    • Launch price: $20
    • Potential return: 1,900%
    • Already raised: $3.8 million

    This is being hailed as one of the shortest and most explosive presales in recent memory, and the countdown has officially begun.

    Core Features That Power the Frenzy

    At the heart of Bitcoin Solaris is one idea: speed without compromise. Let’s break down why it’s different:

    • Hybrid PoW/DPoS Consensus: Maintains decentralization while enabling speed.
    • Validator Rotation: Every 24 hours, keeping the system agile and secure.
    • Energy Efficiency: Uses 99.95% less power than Bitcoin.
    • Cross-Chain Bridges: Built-in support for interoperability with Solana and others.
    • Rust-Based Smart Contracts: Initially leveraging Solana tools for dApps and DeFi expansion.
    • Audited Infrastructure: Smart contracts have been fully reviewed by Cyberscope and Freshcoins for trust and security.

    This Is How Bitcoin Solaris Will Make People Rich

    Wealth isn’t made by buying late. It’s built by spotting what’s early—but solid. Bitcoin Solaris isn’t a copycat. It’s a new layer of infrastructure designed to generate value for real participants.

    The reward distribution model ensures that every piece of the network feeds back into the community:

    • 40% of rewards go to miners
    • 25% go to validators
    • 20% go to stakers
    • 10% funds for long-term development
    • 5% support community initiatives

    Unlike many coins where wealth consolidates at the top, BTC-S is structured to empower long-term holders, contributors, and those who participate early.

    Real Vision, Real Roadmap

    Bitcoin Solaris isn’t pitching hope—it’s executing a plan. Here’s the official roadmap:

    Bitcoin Solaris Roadmap Summary

    • Phase 1 (Q2–Q4 2025): Token generation, whitepaper, core devs, and presale launch
    • Phase 2 (Q1 2026): Testnet, wallet, bridge integration, architecture optimization
    • Phase 3 (Q2 2026): Final mainnet prep, dev tools, exchange listings
    • Phase 4 (Q3 2026): Mainnet launch, AI-powered app release, governance rollout
    • Phase 5 (Q4 2026): DApp accelerator, Mining Power Marketplace, hardware wallet integration
    • Phase 6 (Q1–Q2 2027): Layer-2 upgrades, DEX, and quantum security
    • Phase 7 (Q3–Q4 2027): Fortune 500 partnerships, institutional tools, Innovation Labs
    • Phase 8 (2028+): AI integration, government collaborations, long-term evolution

    That’s not just a vision board—it’s an execution framework already in motion.

    The Final Surge Is On

    Bitcoin Solaris isn’t just another token looking for attention. It’s a serious infrastructure play backed by smart tech, audited code, and a growing army of supporters. With $3.8 million raised and momentum accelerating, this is one of the few presales that feels like more than a hype train.

    And with the price still sitting at just $6 for a very short time—this might be the final opportunity to ride the wave before it takes off.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
     Telegram: https://t.me/Bitcoinsolaris
     X: https://x.com/BitcoinSolaris

    Media Contact
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. 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/9e98f21c-f2a3-4fc0-a9de-b7af4aa613c2
    https://www.globenewswire.com/NewsRoom/AttachmentNg/12501116-fdc4-4191-8c75-8bff502ba353
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b28e2e06-fd36-4b1f-8aa0-a90b8fcac27c
    https://www.globenewswire.com/NewsRoom/AttachmentNg/9b078cf0-6ca1-4dda-a405-acbfe248ed01

    The MIL Network –

  • MIL-OSI Asia-Pac: Xiaohongshu opens first office outside Mainland in Hong Kong to accelerate cross-border commercialisation business development (with photos)

    Source: Hong Kong Government special administrative region

    Invest Hong Kong (InvestHK) announced today (June 7) that lifestyle community Xiaohongshu has opened an office in Hong Kong. This marks Xiaohongshu’s first office outside the Mainland, facilitating enhanced services for cross-border brands and users.

    Xiaohongshu held an opening ceremony today for its Hong Kong office, with the Financial Secretary, Mr Paul Chan, officiating and delivering a speech. He said: “We warmly welcome Xiaohongshu to establish an office in Hong Kong. Xiaohongshu’s presence in Hong Kong carries significant values. First, it fosters closer connections with the Hong Kong community, offering new perspectives and channels for local businesses in product design, marketing and promotion. Second, as an international finance, trade and innovation and technology centre, Hong Kong can help Xiaohongshu grow its business and expand its global footprint. Third, leveraging Hong Kong’s unique East-meets-West cultural characteristics and our global networks, Xiaohongshu can promote Chinese culture and products to the world, sharing the good stories of China. We also look forward to strengthening our collaboration with Xiaohongshu to enhance the experience of Mainland tourists visiting Hong Kong, enhance the visibility of Hong Kong’s tourism, retail, dining and creative industries, and allow visitors to have an enjoyable experience that makes them want to return.”

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Gaza plea: RSF, CPJ and 150+ media outlets call on Israel to open Strip to foreign journalists, protect Palestinian reporters

    Pacific Media Watch

    More than 150 press freedom advocacy groups and international newsrooms have joined Reporters Without Borders (RSF) and the Committee to Protect Journalists (CPJ) in issuing a public appeal demanding that Israel grant foreign journalists immediate, independent and unrestricted access to the Gaza Strip.

    The organisations are also calling for the full protection of Palestinian journalists, nearly 200 — the Gaza Media Office says more than 230 — of whom have been killed by the Israeli military over the past 20 months.

    For more than 20 months, Israeli authorities have barred foreign journalists from entering the Gaza Strip, says RSF in a media release.

    During the same period, the Israeli army killed nearly 200 Palestinian journalists in the blockaded territory, including at least 45 slain for their work.

    Palestinian journalists who continue reporting — the only witnesses on the ground — are facing unbearable conditions, including forced displacement, famine, and constant threats to their lives.

    This collective appeal, launched by RSF and CPJ, brings together prominent news outlets from every continent demanding the right to send correspondents into Gaza to report alongside Palestinian journalists.

    The signatories include Asia Pacific Report from Aotearoa New Zealand.

    “The media blockade imposed on Gaza, combined with the massacre of nearly 200 journalists by the Israeli army, is enabling the total destruction and erasure of the blockaded territory,” said RSF director-general Thibaut Bruttin.

    “Israeli authorities are banning foreign journalists from entering and ruthlessly asserting their control over information.

    “This is a methodical attempt to silence the facts, suppress the truth, and isolate the Palestinian press and population.

    Asia Pacific Report . . . one of the signatories to the Gaza plea. Image: APR

    “We call on governments, international institutions and heads of state to end their complicit silence, enforce the immediate opening of Gaza to foreign media, and uphold a principle that is frequently trampled — under international humanitarian law, killing a journalist is a war crime.

    “This principle has been violated far too often and must now be enforced.”

    RSF director-general Thibaut Bruttin speaking at the reception celebrating seven years of Taipei’s Asia Pacific office in October 2024. Image: Pacific Media Watch

    The media blockade on Gaza persists despite repeated calls from RSF to guarantee foreign journalists independent access to the Strip, and legal actions such as the Foreign Press Association’s (FPA) petition to the Israeli Supreme Court.

    Palestinian journalists, meanwhile, are trapped, displaced, starved, defamed and targeted due to their work.

    Those who have survived this unprecedented massacre of journalists now find themselves without shelter, equipment, medical care or even food, according to a CPJ report. They face the risk of being killed at any moment.

    To end the enduring impunity that allows these crimes to continue, RSF has repeatedly referred cases to the International Criminal Court (ICC), urging it to investigate alleged war crimes committed against journalists in Gaza by the Israeli army.

    RSF also provides aid to Palestinian journalists on the ground — particularly in Gaza — through partnerships with local organisations such as ARIJ (Arab Reporters for Investigative Journalism).

    This partnership provides Palestinian journalists with psychological and professional support, ensuring the continued publication of high-quality reporting despite the blockade and the risks.

    Through this cooperation, RSF reaffirms its commitment to defending independent, rigorous journalism — even under the most extreme conditions.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: InvestHK to deepen economic ties with Canadian investors and businesses (with photo)

    Source: Hong Kong Government special administrative region

    InvestHK to deepen economic ties with Canadian investors and businesses (with photo) 
         “Hong Kong and Canada have long shared a strong and mutually beneficial investment relationship. In 2023, Canada ranked eighth among the major sources of inward direct investment into Hong Kong, contributing over US$34 billion. At the same time, Hong Kong made outward direct investment of around US$10 billion to Canada, reflecting the deep economic ties and two-way confidence between our markets,” Mr Ng said. “Hong Kong will continue to play its unique role as both a ‘super connector’ and a value creator, bridging traditional and emerging markets and unlocking new opportunities for Canadian businesses.”
     
    During his visit to Waterloo, Toronto and Montreal, Mr Ng will meet with investors, family offices, multinationals, Canadian start-ups, academia and business leaders to explore new opportunities for collaboration and showcase Hong Kong’s unique advantages as a launchpad for Asian expansion. Key discussions will focus on leveraging the city’s strategic gateway position to Mainland China and its business-friendly environment for scaling operations.
     
    Mr Ng will host exclusive roundtables for entrepreneurs and Canada-Hong Kong ecosystem partners to highlight Hong Kong’s strengths in wealth management and cross-border investment solutions. He will also participate in networking events to promote Hong Kong FinTech Week x StartmeupHK Festival 2025, inviting Canadian investors and entrepreneurs to visit Hong Kong November 3 to 7, engage with Asia’s dynamic markets, and experience the opportunities Hong Kong offers firsthand.
     
    Hong Kong and Canada have established longstanding and strong ties across trade, investment, tourism, and cultural exchanges. This relationship was further strengthened by the Investment Promotion and Protection Agreement, which came into effect in September 2016, providing Canadian and Hong Kong investors with a transparent and secure environment to foster cross-border investment. In 2023, Canada ranked as Hong Kong’s ninth largest services trading partner, with bilateral trade growing at an average annual rate of 2.2 per cent from 2019 to 2023.
    Issued at HKT 9:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Chancellor urged to prioritise growth

    Source: Scottish Government

    Call for UK Spending Review to abandon welfare cuts.

    The UK and Scottish Governments must work together to support shared economic growth, with more flexibility to encourage investment and an end to spending that bypasses devolution, Finance Secretary Shona Robison has said.

    Ahead of the UK Spending Review on 11 June, the Finance Secretary is calling on the Chancellor to:

    • relax fiscal rules to enable investment in public services and stimulate economic growth
    • fully fund the employer National Insurance increase for Scotland’s public services
    • end the use of spending powers that bypass devolved governments
    • abandon UK welfare cuts or, if UK Ministers do persist with these cuts, shield the Scottish Government’s budget from the impact for at least two years
    • award funding for the Acorn carbon capture project
    • ensure Scotland receives a share of GB Energy funding that matches its leading contribution to UK clean energy goals

    Ms Robison said:

    “The UK Spending Review is an opportunity for the UK Government to abandon some of its damaging policies such as cuts to welfare support for disabled people, to scrap the two child benefit cap and to reinstate a universal winter fuel payment. We are also aware of the huge impact of the increase in employer’s National Insurance, not least on public services. I hope UK Ministers will use the spending review to fully fund the costs of this tax hike on jobs to vital public services like the NHS.

    “The UK Government should also use the spending review to empower the devolved administrations with more flexible fiscal rules that can enable investment in public services. And we need an end to spending that bypasses devolution so we can direct funds to best meet local needs.

    “We called on UK Ministers to involve us at an early stage of this process, but since they’ve refused to provide us with any clarity on their spending priorities it’s clear that its business as usual for Westminster.

    “We continue to call on the Treasury to use the Spending Review to change course, providing the funding we need to deliver for the people of Scotland.”

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Prime Minister Carney announces new parliamentary secretary team

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, announced a new parliamentary secretary team focused on building Canada strong.

    Canadians elected this new government with a mandate to define a new economic and security relationship with the United States, to build a stronger economy, to bring down costs, and to keep our communities safe. Parliamentary secretaries will support their respective cabinet ministers and secretaries of state to deliver on this mandate.

    The new parliamentary secretary team is appointed as follows:

    • Karim Bardeesy becomes Parliamentary Secretary to the Minister of Industry
    • Jaime Battiste becomes Parliamentary Secretary to the Minister of Crown-Indigenous Relations
    • Rachel Bendayan becomes Parliamentary Secretary to the Prime Minister
    • Kody Blois becomes Parliamentary Secretary to the Prime Minister
    • Sean Casey becomes Parliamentary Secretary to the Minister of Veterans Affairs and Associate Minister of National Defence
    • Sophie Chatel becomes Parliamentary Secretary to the Minister of Agriculture and Agri-Food
    • Madeleine Chenette becomes Parliamentary Secretary to the Minister of Canadian Identity and Culture and Minister responsible for Official Languages and Parliamentary Secretary to the Secretary of State (Sport)
    • Maggie Chi becomes Parliamentary Secretary to the Minister of Health
    • Leslie Church becomes Parliamentary Secretary to the Secretaries of State for Labour, for Seniors, and for Children and Youth, and Parliamentary Secretary to the Minister of Jobs and Families (Persons with Disabilities)
    • Caroline Desrochers becomes Parliamentary Secretary to the Minister of Housing and Infrastructure
    • Ali Ehsassi becomes Parliamentary Secretary to the President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy (Canada-U.S. Trade)
    • Mona Fortier becomes Parliamentary Secretary to the Minister of Foreign Affairs
    • Peter Fragiskatos becomes Parliamentary Secretary to the Minister of Immigration, Refugees and Citizenship
    • Vince Gasparro becomes Parliamentary Secretary to the Secretary of State (Combatting Crime)
    • Wade Grant becomes Parliamentary Secretary to the Minister of Environment and Climate Change
    • Claude Guay becomes Parliamentary Secretary to the Minister of Energy and Natural Resources
    • Brendan Hanley becomes Parliamentary Secretary to the Minister of Northern and Arctic Affairs
    • Corey Hogan becomes Parliamentary Secretary to the Minister of Energy and Natural Resources
    • Anthony Housefather becomes Parliamentary Secretary to the Minister of Emergency Management and Community Resilience
    • Mike Kelloway becomes Parliamentary Secretary to the Minister of Transport and Internal Trade
    • Ernie Klassen becomes Parliamentary Secretary to the Minister of Fisheries
    • Annie Koutrakis becomes Parliamentary Secretary to the Minister of Jobs and Families
    • Kevin Lamoureux becomes Parliamentary Secretary to the Leader of the Government in the House of Commons
    • Patricia Lattanzio becomes Parliamentary Secretary to the Minister of Justice and Attorney General of Canada
    • Ginette Lavack becomes Parliamentary Secretary to the Minister of Indigenous Services
    • Carlos Leitao becomes Parliamentary Secretary to the Minister of Industry
    • Tim Louis becomes Parliamentary Secretary to the President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs and One Canadian Economy (Intergovernmental Affairs and One Canadian Economy)
    • Jennifer McKelvie becomes Parliamentary Secretary to the Minister of Housing and Infrastructure
    • Marie-Gabrielle Ménard becomes Parliamentary Secretary to the Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism)
    • David Myles becomes Parliamentary Secretary to the Minister of Canadian Identity and Culture and Minister responsible for Official Languages and Parliamentary Secretary to the Secretary of State (Nature)
    • Yasir Naqvi becomes Parliamentary Secretary to the Minister of International Trade and Parliamentary Secretary to the Secretary of State (International Development)
    • Taleeb Noormohamed becomes Parliamentary Secretary to the Minister of Artificial Intelligence and Digital Innovation
    • Rob Oliphant becomes Parliamentary Secretary to the Minister of Foreign Affairs
    • Tom Osborne becomes Parliamentary Secretary to the President of the Treasury Board
    • Jacques Ramsay becomes Parliamentary Secretary to the Minister of Public Safety
    • Pauline Rochefort becomes Parliamentary Secretary to the Secretary of State (Rural Development)
    • Sherry Romanado becomes Parliamentary Secretary to the Minister of National Defence
    • Jenna Sudds becomes Parliamentary Secretary to the Minister of Government Transformation, Public Works and Procurement and Parliamentary Secretary to the Secretary of State (Defence Procurement)
    • Ryan Turnbull becomes Parliamentary Secretary to the Minister of Finance and National Revenue and Parliamentary Secretary to the Secretary of State (Canada Revenue Agency and Financial Institutions)

    Prime Minister Carney also announced that Élisabeth Brière will serve as Deputy Chief Government Whip, and Arielle Kayabaga will serve as Deputy Leader of the Government in the House of Commons.

    Quote

    “Canada’s new parliamentary secretary team will deliver on the government’s mandate for change, working collaboratively with all parties in Parliament to build the strongest economy in the G7, advance a new security and economic partnership with the United States, and help Canadians get ahead.”

    Quick Fact

    • Parliamentary secretaries are chosen by the Prime Minister to assist ministers and secretaries of state.

    Associated Link

    MIL OSI Canada News –

  • MIL-OSI: Bitcoin Solaris Announces Final Day of Phase 6 Presale at $6 per Token

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 07, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a next-generation blockchain platform engineered for speed, decentralization, and smart contract utility, today announced the final day of Phase 6 of its presale. Priced at $6 per token, this marks the last opportunity for early supporters to participate before the next price increase to $7, with the public launch set at $20.

    With over 11,000 participants and $3 million raised, Bitcoin Solaris is gaining recognition for its unique architecture, high-performance infrastructure, and rapidly growing community.

    Bitcoin Solaris: The $6 Infrastructure of Tomorrow

    BTC-S isn’t just a token—it’s a full-scale ecosystem designed for speed, decentralization, and long-term utility. At its foundation is a dual-consensus blockchain that merges security with scalability.

    • PoW Base Layer: Uses SHA-256 for Bitcoin miner compatibility and stable 5-minute block times.
    • DPoS Solaris Layer: 21 rotating validators, 15-second blocks, dynamic scalability up to 100,000 TPS.
    • Validator rotation every 24 hours and slashing penalties keep the system secure and fair.
    • Energy efficiency exceeds 99.95% compared to legacy PoW chains.

    This isn’t just a fast chain—it’s a secure, audited, and community-driven one.

    Audited, Trusted, and Fully Scalable

    What truly separates Bitcoin Solaris from the sea of short-term plays is its rigorous infrastructure. Every line of smart contract code has been thoroughly examined through smart contract audits by Cyberscope and Freshcoins.

    These Rust-based contracts power real-world applications in:

    • DeFi and synthetic asset trading
    • Tokenized real estate and enterprise systems
    • Healthcare data, educational credentials, and IoT payments
    • Play-to-earn ecosystems and low-fee NFT markets

    It’s a smart contract engine that’s fast, functional, and ready to host apps that do more than just meme.

    A Presale That’s Turning Heads Fast

    The buzz is getting louder. Bitcoin Solaris is in Phase 6 of its presale—the last day of this phase, in fact. At $6 per token, with the next jump to $7 and a launch price set at $20, early buyers are staring down a possible 233% gain before BTC-S even hits the market.

    What’s more, this isn’t just hype. Over 11,000 investors have already joined the movement, and more than $3 million has been raised in what’s now being dubbed one of the shortest and strongest presales in 2025.

    The Future of Decentralization Is Already Mining—Start with BTC-S

    Crypto influencers are already taking notice. A recent video review by Ben Crypto walks through the architecture, audits, and upside—reinforcing why BTC-S is rising as the serious choice for those tired of chasing rug pulls.

    Where the Riches Are Really Made

    The real engine behind BTC-S isn’t just its price—it’s its reward distribution model that empowers early holders and network participants:

    • 40% of rewards go to miners on the Base Layer.
    • 25% flow to validators on the Solaris Layer.
    • 20% go directly to stakers.
    • 10% fund development.
    • 5% support the community.

    This reward system factors in your contribution score, device type, network demand, and even how long you’ve been involved. It’s built to grow wealth—not just price charts.

    A Roadmap with Real Momentum

    BTC-S isn’t just a concept—it’s a timeline in motion. Here’s how the future looks:

    Bitcoin Solaris Roadmap Summary

    • Q2–Q4 2025: Presale launched, whitepaper finalized, community building underway
    • Q1 2026: Testnet goes live, Solana bridge integration, security audits deepen
    • Q2 2026: Mainnet prep and major exchange listing strategy
    • Q3 2026: Full mainnet launch, governance activated, AI-enhanced Solaris Nova platform debuts
    • Q4 2026: Launch of a Mining Power Marketplace and major dApp accelerator
    • 2027 and beyond: Layer-2 scaling, quantum resistance, Fortune 500 partnerships, AI optimization, and cross-chain dominance

    The Final Window of Opportunity

    Bitcoin Solaris isn’t fighting for clout—it’s building an empire. While meme coins spike and vanish, BTC-S offers architecture, audits, rewards, and real momentum. If there was ever a time to jump in early on a project with the speed of Solana, the security of Bitcoin, and the accessibility of a $6 entry point—it’s now. Blink, and this presale might already be gone
    .For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
     Telegram: https://t.me/Bitcoinsolaris
     X: https://x.com/BitcoinSolaris

    Media Contact
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. 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/8074dafe-6d70-40d7-87f3-6f37b112e0c5
    https://www.globenewswire.com/NewsRoom/AttachmentNg/a0977bce-c8c0-4a5b-917b-410cf112aee2
    https://www.globenewswire.com/NewsRoom/AttachmentNg/385dc1b0-63e2-4239-af0e-c4a7f0d2794d
    https://www.globenewswire.com/NewsRoom/AttachmentNg/515b9cf0-727b-45fa-909d-a6470d3fca15

    The MIL Network –

  • MIL-OSI: Nimanode Launches $NMA Token Presale, Pioneering the First No-Code AI Agent Platform on XRP Ledger

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, June 07, 2025 (GLOBE NEWSWIRE) — Nimanode, a pioneering protocol building AI-driven autonomous agents on the XRP Ledger (XRPL), has officially launched the presale of its native utility token, $NMA. As the first no-code AI agent builder on XRPL, Nimanode empowers users to deploy, customize, and manage intelligent blockchain agents without writing a single line of code.

    With over 45% of the 90 million $NMA tokens allocated to the presale already in motion, Nimanode is attracting early interest from both individual investors and large XRP holders who recognize the platform’s potential to transform automation within decentralized ecosystems.

    $NMA Token Presale

    Bringing Agentic Automation to the XRP Ledger

    Nimanode aims to reshape how work is executed on-chain by enabling autonomous agents—AI-driven programs capable of completing blockchain tasks on behalf of users. Core features of the protocol include:

    • Zero-Code Agent Builder – Build and deploy AI agents through an intuitive interface
    • Autonomous Agent Execution – Agents can act independently across blockchain workflows
    • Agent Marketplace – Access or monetize premium agent templates
    • Deep XRPL Integration – Leverages XRP Ledger’s performance and scalability

    “The $NMA token will serve as the backbone of the Nimanode ecosystem,” said a representative from the Nimanode team. “From deploying agents to earning through staking and participating in governance, $NMA enables a truly participatory AI economy on-chain.”

    Utility and Use Cases of $NMA

    The $NMA token offers multiple functions within the Nimanode platform:

    • Agent Deployment: Users must hold a minimum balance of $NMA to activate AI agents
    • Agent Customization: Developers can upgrade or build advanced agents using $NMA
    • Marketplace Access: Use $NMA to unlock premium agents or benefit from discounts
    • Staking Rewards: Earn passive income by staking $NMA into the protocol’s reward pool
    • Governance Participation: Vote on proposals and shape future platform upgrades

    Following the presale, $NMA is expected to list on decentralized exchanges at a 25% higher price, offering early participants an incentivized entry.

    How to Join the $NMA Presale

    Participants can acquire $NMA using XRP via the official Nimanode presale portal. Here’s how to participate:

    1. Purchase XRP via exchanges such as Binance, Coinbase, or Bybit
    2. Transfer XRP to a compatible wallet (e.g., Xaman Wallet)
    3. Visit https://nimanode.com and follow instructions on the presale page
    4. Send XRP to the designated address and receive $NMA via airdrop after the presale ends

    The Nimanode presale is now live and available to the public for a limited time.

    About Nimanode

    Nimanode is building the first AI protocol layer on the XRP Ledger, allowing artificial intelligence not only to support blockchain ecosystems—but to live natively within them. The platform’s agentic architecture aims to redefine DeFi, work automation, and intelligent interaction across decentralized applications.

    Media Contact

    Nimanode Communications
    Email: hello@nimanode.com
    Website: https://nimanode.com
    Twitter/X: https://x.com/nimanodeai
    Telegram: https://t.me/nimanodeAI
    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1408aa49-ae08-4114-aadb-c100d08dd35a

    The MIL Network –

  • MIL-OSI Security: ATF Participates in Arms Trafficking and Explosives Roundtable Between Mexico and the United States

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    On June 5 and 6, 2025, Bureau of Alcohol, Tobacco, Firearms and Explosives officials participated in a roundtable co-hosted by the State Department Bureau of International Narcotics and Law Enforcement Affairs and the Secretaría de Seguridad y Protección Ciudadana (Secretariat of Security and Civilian Protection). The roundtable took place in Mexico City and brought over 100 Government of Mexico officials together with U.S. law enforcement components from across the government to discuss arms trafficking trends and best practices in curbing arms trafficking.

    ATF was joined by U.S. Customs and Border Protection, Homeland Security Investigations, and the U.S. Marshals Service in meetings with public security secretaries and attorneys general from most Mexican states, along with federal government representatives from across the Mexican government. Sessions included presentations on seizing and storing illegal firearms, arms and explosive trafficking trends, and investigative case studies where eTrace and bilateral information sharing led to successful outcomes. Additionally, there were discussions of new bilateral projects to curb arms trafficking, which include the sharing of ballistic information linked to crimes between the U.S. and Mexico border states, and a data exploitation lab, where weaponized drones will be leveraged for the arms trafficking vetted unit.

    “ATF’s partnerships with both our international and domestic law enforcement counterparts are critical when it comes to stopping the illegal flow of weapons across our southern border,” ATF Acting Director Daniel Driscoll said. “ATF will continue to work with our partners to stop the flow of dangerous weapons to Mexican cartels.”

    Earlier this week, ATF also held a join press conference with CBP and HSI in Laredo, Texas. During this event, speakers highlighted interagency efforts regarding interdictions of southbound firearms. Likewise, the event underscored ATF’s commitment to stemming the flow of illegal firearms across the southern border, and the enhanced consequences for weapons smuggling given the designation of major Mexican-based cartels as foreign terrorist organizations.

    “ATF works with law enforcement agencies in more than 50 countries to combat illegal firearms trafficking worldwide and identify threats before they reach America’s borders,” said ATF Deputy Assistant Director Shawn Morrow, of the Office of Intelligence Operations. “This roundtable is only one example of how our attachés across the globe work with foreign governments to dismantle criminal organizations and identify emerging threats. This work, especially in Mexico, is critical to keeping illegal firearms out of the hands of violent groups.”

    ATF is the federal law enforcement agency responsible for regulating the firearm industry and enforcing laws related to firearms and violent crime. For more information, visit atf.gov or follow @ATFHQ on X.

    MIL Security OSI –

  • MIL-OSI Europe: 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 Europe News –

  • MIL-OSI USA: Padilla, Schiff, Peters, Vargas Demand Investigation Into San Diego ICE Raid

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)
    Lawmakers to ICE’s Office of Professional Responsibility: “This troubling incident is not an isolated case. Rather, it appears to be part of a broader pattern of escalated and theatrical immigration enforcement operations across the country”
    WASHINGTON, D.C. — Today, U.S. Senators Alex Padilla, Ranking Member of the Senate Judiciary Immigration Subcommittee, and Adam Schiff (both D-Calif.), along with U.S. Representatives Scott Peters (D-Calif.-50) and Juan Vargas (D-Calif.-52), condemned a recent U.S. Immigration and Customs Enforcement (ICE) raid in San Diego and demanded an investigation following reports that around 20 ICE agents detained four employees at Buona Forchetta and Enoteca Buona Forchetta restaurants. ICE agents wearing military-style gear raided the restaurants during peak dining hours, detonating flash-bang grenades and instilling widespread fear and panic across the restaurants and the broader San Diego community. 
    The lawmakers emphasized that this disturbing raid reflects a pattern of “theatrical” immigration enforcement stunts under the Trump Administration, which have stoked fear and uncertainty in communities in California and across the country. They urged ICE’s Office of Professional Responsibility to investigate the agents’ use of force, tactical decisions, compliance with legal protocols, and coordination with local officials, as well as the operation’s impact on local communities and businesses. They also requested information on how the raid aligns with ICE’s current immigration enforcement priorities and what guidance agents had received regarding enforcement in civilian or public-facing settings.
    “This troubling incident is not an isolated case. Rather, it appears to be part of a broader pattern of escalated and theatrical immigration enforcement operations across the country,” wrote the lawmakers. “Similar tactics — including the use of heavily armed agents and high-profile raids in civilian spaces — have recently been employed in several other communities. These include a raid at an underground nightclub in Los Angeles just hours after the San Diego incident, and an April operation in New Bedford, MA, where agents violently smashed in a car window to detain a Guatemalan man waiting in his car for an attorney to arrive. These events raise serious questions about the appropriateness, proportionality, and execution of ICE tactics.”
    The lawmakers also highlighted the San Diego raid’s harmful impacts on the local economy, community safety, and public trust in law enforcement.
    “Several local officials — including the mayor of San Diego — have publicly condemned the raid, emphasizing its destabilizing effect on the community and economy. They have also condemned its chilling impact on the willingness of individuals to report crimes or co-operate with law enforcement,” continued the lawmakers. “These concerns are not just local; they speak to the national implications of how this Administration is misusing federal immigration enforcement power in ways that undermine public trust and community safety.”
    “We urge your office to prioritize this investigation and to provide a detailed report of your findings. Transparency and accountability are essential to maintaining public confidence in our law enforcement agencies,” concluded the lawmakers.
    Senators Padilla and Schiff, as well as Representatives Peters, Vargas, Sara Jacobs (D-Calif.-51), and Mike Levin (D-Calif.-49), also sent a letter today to Secretary of Homeland Security Kristi Noem expressing their concern over the deliberate targeting of immigrants trying to follow the legal process at courthouses, including at the San Diego Immigration Court located in the Edward J. Schwartz Federal Building.
    Senators Padilla and Schiff continue to stand up against the Trump Administration’s inhumane immigration enforcement tactics across California. Last month, Padilla, Schiff, and Representative Norma Torres (D-Calif.-35) condemned the Department of Homeland Security’s indiscriminate immigration enforcement raids in Pomona, California, as part of President Trump’s cruel mass deportation agenda, which has terrorized California communities and harmed the economy. Earlier this year, Padilla and Schiff also demanded answers from the Trump Administration after Homeland Security Investigations agents attempted to enter two Los Angeles Unified School District elementary schools to question students.
    Full text of the letter is available here and below:
    Dear Associate Director Fenton:
    We write to express serious concern regarding the U.S. Immigration and Customs Enforcement (ICE) operation conducted on May 30, 2025, at Buona Forchetta and Enoteca Buona Forchetta restaurants in San Diego, California. Reports indicate that approximately 20 agents in military-style gear executed a raid during peak dining hours, detaining four employees and deploying flash-bang grenades, which created widespread panic among staff and patrons.
    This troubling incident is not an isolated case. Rather, it appears to be part of a broader pattern of escalated and theatrical immigration enforcement operations across the country. Similar tactics—including the use of heavily armed agents and high-profile raids in civilian spaces—have recently been employed in several other communities. These include a raid at an underground nightclub in Los Angeles just hours after the San Diego incident, and an April operation in New Bedford, MA, where agents violently smashed in a car window to detain a Guatemalan man waiting in his car for an attorney to arrive. These events raise serious questions about the appropriateness, proportionality, and execution of ICE tactics.
    Given the gravity of these concerns, and the potential civil rights implications of these enforcement strategies, we respectfully request that your office undertake a thorough investigation into the May 30 raid in San Diego. We also ask that you respond to the following questions by July 7, 2025:
    1. Use of Force and Tactical Decisions: Was the decision to deploy agents in military-style gear including face coverings and to use flash-bang devices in a civilian environment justified based on any credible threat or resistance? If so, what specific threat assessments, risk factors, or intelligence justified the use of such force?
    2. Compliance with Legal Protocols: Did the operation comply with ICE’s internal policies and all applicable laws governing workplace enforcement actions, including the scope and execution of the search or arrest warrants? Please identify any lapses in oversight that may have contributed to the operation’s execution, and clarify whether any internal review procedures have been initiated as a result.
    3. Community Impact and Coordination: What steps, if any, were taken to consider the effect of such tactics on local businesses, immigrant communities, and public safety? Were local officials or law enforcement agencies consulted prior to the operation?
    4. Pattern of Conduct: How does this operation fit into current enforcement priorities, and what guidance has been issued by ICE leadership in recent months regarding arrest and detention priorities in civilian or public-facing environments?
    Several local officials—including the mayor of San Diego—have publicly condemned the raid, emphasizing its destabilizing effect on the community and economy. They have also condemned its chilling impact on the willingness of individuals to report crimes or co-operate with law enforcement. These concerns are not just local; they speak to the national implications of how this Administration is misusing federal immigration enforcement power in ways that undermine public trust and community safety.
    We urge your office to prioritize this investigation and to provide a detailed report of your findings. Transparency and accountability are essential to maintaining public confidence in our law enforcement agencies.
    Thank you for your prompt attention to this matter. We look forward to your timely response and to the results of your investigation.
    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Office of the Governor — News Release — Gov. Green Releases Intent-to-Veto List

    Source: US State of Hawaii

    Office of the Governor — News Release — Gov. Green Releases Intent-to-Veto List

    Posted on Jun 6, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI 
    KA MOKU ʻĀINA O HAWAIʻI 
     
    JOSH GREEN, M.D. 
    GOVERNOR
    KE KIAʻĀINA 
     

    GOVERNOR GREEN RELEASES INTENT-TO-VETO LIST 

    FOR IMMEDIATE RELEASE
    June 6, 2025

    HONOLULU – Governor Josh Green, M.D., today informed legislative leaders and stakeholders of his intent to veto 19 bills passed during the 2025 regular session of the Hawai‘i State Legislature.

    Governor Green is not required to veto every bill indicated on the Intent-to-Veto list, but cannot veto a bill that is not included. The release of this list provides additional time to continue ongoing discussions with key stakeholders concerning implementation and impact. Due to the record-setting number of bills enrolled to the governor this legislative session, potential changes to the state’s federal funding and reduced revenue projections from the Council on Revenues, additional time to analyze bills will ensure each bill is given the nuanced, thoughtful consideration it deserves. Governor Green has until July 9 to issue final vetoes. All other bills will become law by July 9.

    “Let me be clear: of the 320 bills passed by the Legislature this session, 19 are on our Intent-to-Veto list,” said Governor Green. “Our team has completed a review of every measure and the overwhelming majority of legislation will become law. Each bill on today’s list is based on thorough legal and fiscal analysis, and as always, was guided by what will best serve the people of Hawai‘i, protect our resources and strengthen our future.”

    To date, Governor Green has signed 200 bills into law benefiting the people and ‘āina of Hawai‘i, with core themes including environmental stewardship, educational access and success, as well as public safety. These represent key focus areas so far; additional bills awaiting signature will build upon this foundation to address state priorities. The remaining 101 bills are on track to become law by July 9.

    Over 300 bills were reviewed by state departments and agencies, the Attorney General and the Governor in the last month. The Governor has until July 9 to issue final vetoes from today’s list.

    The following bills are being considered for vetoes, line-item vetoes, or reductions.

    Fiscal Bills:

    HB126: RELATING TO PROPERTY FORFEITURE

    Bill Description: Increases transparency and accountability surrounding property forfeiture. Clarifies which property is subject to forfeiture. Amends the authorized disposition of forfeited property and the proceeds thereof. Requires the Attorney General to adopt rules necessary to carry out the purpose of the Hawaiʻi Omnibus Criminal Forfeiture Act. Repeals language that requires the Hawaiʻi Omnibus Criminal Forfeiture Act to be construed liberally.

    Veto Rationale: Asset forfeiture serves as a powerful deterrent against and punishment for criminal activity. The one-year deadline to return seized property for which the owner has not been charged with a covered offense, significantly weakens the efficacy of this dual deterrent and punishment. Many covered offenses, including felonies, often involve complex investigations that extend beyond a year, rendering this bill’s one-year deadline for law enforcement to file charges unrealistic. Seized property can serve as critical evidence in investigations, and its return before an investigation’s completion would severely hamper the investigation as well as the administration of justice at large.

    HB300: RELATING TO THE STATE BUDGET

    Bill Description: Appropriates funds for the operating and capital improvement budget of the Executive Branch for fiscal years 2025-2026 and 2026-2027.

    Veto Rationale: Potential shifts in federal funding, coupled with recent projections from the Hawaiʻi Council on Revenues, require the state to reevaluate its budget to ensure essential services and priorities remain supported. Specific line-item reductions based on program feasibility, stability, and sustainability will help the state enter the fiscal year with a balanced budget and sound financial plan.

    HB302: RELATING TO CANNABIS
    Bill Description: Part I: Authorizes DOH to inspect qualifying patient medical records held by the physician, advanced practice registered nurse, or hospice provider who issued a written certification for the qualifying patient. Amends and adds definitions for purposes of the medical use of cannabis law. Clarifies the conditions of use for the medical use of cannabis. For purposes of issuing written certifications, authorizes the establishment of a provider-patient relationship via telehealth and limits the maximum amount of fees that can be assessed by providers. Authorizes the sale of hemp products and accessories for the medical use of cannabis at retail dispensing locations, except in waiting rooms. Clarifies transportation requirements for certain inter-dispensary sales of cannabis and manufactured cannabis products. Part II: Establishes criminal penalties for the unlicensed operation of a medical cannabis dispensary. Part III: Authorizes expenditures from the Medical Cannabis Registry and Regulation Special Fund to fund programs for the mitigation and abatement of nuisances related to illegal cannabis and hemp products and medical cannabis dispensaries and appropriates funds from the Special Fund to the AG’s Drug Nuisance Abatement Unit for these purposes, including establishing positions. Part IV: Beginning 1/1/2028, prohibits the cultivation of cannabis without a cannabis cultivator license issued by DOH.

    Veto Rationale: This administration remains committed to Hawai‘i’s existing medical cannabis program and supports efforts to expand access to medical cannabis for any medical condition. Although this bill’s authorization of medical cannabis certifications via telehealth expands access to medical cannabis, provisions authorizing the inspection of patients’ medical records without warrant constitute a grave violation of privacy. Given that the federal government classifies cannabis as a Schedule I substance, patients’ reasonable fears of repercussions based upon information gained from inspection of their personal medical records may deter patients from participating in the medical cannabis program.

    HB496: RELATING TO MĀMAKI TEA

    Bill Description: Prohibits the use of certain words and misleading Hawaiian imagery, place names, and motifs on the label of a consumer package that contains or includes tea or dried leaves from the plant Pipturus albidus, unless 100% of the tea or dried leaves were cultivated, harvested, and dried in the state. Appropriates funds for a Measurement Standards Inspector position.

    Veto Rationale: While the intent of this measure is to ensure consumer protection and reliable Made in Hawai‘i labeling, the bill imposes overly strict labeling requirements that could harm small businesses and māmaki producers who responsibly blend leaves from multiple sources. Prohibiting the labeling of products composed of less than 100% māmaki tea as “māmaki” ignores the economic contributions of and impacts to producers who mix or process māmaki with other herbs, undermining producers who support local māmaki farmers while meeting broader demand.

    HB796: RELATING TO TAX CREDITS

    Bill Description: Requires that income tax credits existing on 12/31/2025 or established or renewed after 12/31/2025 include a five-year sunset or an annual one-third reduction, beginning with the sixth year of the credit.

    Veto Rationale: This bill would have a significant long-term impact on income tax credits across a variety of industries, including film and television, research, and renewable energy. These tax credits are critical to supporting economic development and diversification, particularly within growing and emerging sectors. Categorically sunsetting income tax credits will not only disincentivize future investors from doing business in Hawai‘i, but will destabilize existing businesses that currently rely upon these tax credits.

    HB1369: RELATING TO TAXATION 

    Bill Description: Amends and repeals certain exemptions under the general excise tax and use tax laws.

    Veto Rationale: The amendments to the general excise tax and use tax contained in this bill would impact sugarcane producers, commercial fishing vessels and securities exchanges. Removing the specific tax exemptions afforded to these entities would provide little financial benefit to the state while harming, in particular, sugarcane producers.

    SB583: RELATING TO NAMING RIGHTS

    Bill Description: Allows the naming rights of the Stadium Facility and Convention Center Facility to be leased to any public or private entity. Requires any revenues derived from advertising or marketing in or on the Stadium Facility or Convention Center Facility to be deposited into the appropriate special fund of the facility. Authorizes the display of the name of any entity that leased the naming rights to a stadium operated by the Stadium Authority on the exterior of the stadium.

    Veto Rationale: Pursuant to section 14, article III, of the Hawai‘i State Constitution, each bill may only contain one subject, which must pertain to the bill’s title. The exemption of concessions in the stadium facility and Convention Center from typical concession procurement procedures may violate section 14, article III, of the Hawai‘i State Constitution since the exemption appears to fall outside the titular scope of the bill, naming rights.

    SB589: RELATING TO RENEWABLE ENERGY

    Bill Description: Requires the Public Utilities Commission to establish an installation goal for customer-sited distributed energy resources in the state. Requires the Public Utilities Commission to establish tariffs to achieve the installation goal and for grid services programs, microgrids and community-based renewable energy. Ensures that certain levels of compensation are provided for solar and energy storage exports from customer-sited distributed energy resources as part of grid service programs and requires the Public Utilities Commission to establish grid service compensation values. Clarifies when a person who constructs, maintains, or operates a new microgrid is not considered a public utility. Authorizes wheeling of renewable energy and requires the Public Utilities Commission to establish policies and procedures to implement wheeling and microgrid service tariffs.

    Veto Rationale: Maintaining Hawai‘i’s leadership in clean energy through established goals and initiatives remains a priority. The Public Utilities Commission has already opened or plans to open proceedings relating to microgrid services tariffs and customer-sited distributed energy resources and grid services. The mandates contained in this bill therefore risk duplication and delay of already existing efforts.

    Non-Fiscal Bills: 

    HB235: RELATING TO TRAFFIC SAFETY

    Bill Description: Requires the Department of Transportation, after the City and County of Honolulu educates the public and adjusts any systems, to expand the use of photo red light imaging detector systems and automated speed enforcement systems to locations on the North Shore of O‘ahu.

    Veto Rationale: The Department of Transportation has developed specific criteria for the selection of communities within which to implement traffic safety systems. This criteria incorporates data-driven crash, citation and traffic volume metrics, which ensure communities are chosen based on need and potential for greatest impact. Ignoring this criteria in favor of legislatively mandated location selection threatens the integrity of the photo red light imaging detector system and automated speed enforcement system programs.

    HB800: RELATING TO GOVERNMENT

    Bill Description: Provides for the transfer of certain parcels in the Liliha Civic Center area and Iwilei Fire Station area from various state agencies to the City and County of Honolulu. Provides for the transfer of the parcel of land upon which Ali‘i Tower is sited from the City and County of Honolulu to the Department of Land and Natural Resources. Exempts the lands transferred to the Department of Land and Natural Resources from the definition of public lands for purposes of Chapter 171, HRS.

    Veto Rationale: The land transfers provided in the bill would negatively impact the City and County of Honolulu, which relies upon Ali‘i Tower’s land lease revenues and office spaces. Additionally, the state would face indeterminate additional costs, as Ali‘i Tower’s age likely necessitates capital improvements and ongoing maintenance. Although the intent of this bill is to reduce the state’s reliance on private commercial office space, no analysis exists identifying the amount of office space the acquisition of Aliʻi Tower would provide the state.

    HB958: RELATING TO TRANSPORTATION

    Bill Description: Establishes safe riding behaviors for electric bicycles. Prohibits the operation of high-speed electric devices in certain locations. Establishes labeling and signage requirements for electric bicycles. Prohibits the operation of a moped or electric motorcycle in certain locations. Amends the definition of “bicycle” for purposes of county vehicular taxes. Defines “electric bicycle” in place of “low-speed electric bicycle.” Defines “electric micro-mobility device” and requires the same regulations as electric foot scooters to apply to electric micro-mobility devices. Prohibits a person under the age of 16 from operating a class 3 electric bicycle. Authorizes a person under the age of 14 to operate class 2 electric bicycles under supervision. Prohibits a person from riding a class 3 electric bicycle on a sidewalk. Authorizes a person to ride a class 1 or class 2 electric bicycle on a sidewalk under certain circumstances. Prohibits a person from operating a bicycle or electric foot scooter under the age of 18 without a helmet. Repeals the requirement that moped drivers use bicycle lanes and substitutes the term “motor-driven cycle” with the term “motor scooter.”

    Veto Rationale: While mopeds and motorcycles are exempt from the prohibition established within this bill, on “high-speed electric devices” driving on public roadways, electric cars are not exempt. Such a prohibition would likely violate the Commerce Clause and Equal Protection Clause of the United States Constitution and conflict with the administration’s commitment to reducing greenhouse gas emissions.

    HB1296: RELATING TO THE MAJOR DISASTER FUND

    Bill Description: Establishes timely notice and reporting requirements to the Legislature by the Governor regarding the transfer of appropriations to the Major Disaster Fund. Effective 7/1/2025. Sunsets 7/1/2026.

    Veto Rationale: The administration is committed to the transparent, efficient management of state funds. During times of emergency, flexibility and the quick release of funds is necessary to respond to rapidly changing situations. This bill disrupts the delicate balance between reporting requirements facilitating government transparency and fiscal flexibility undergirding efficient response and recovery efforts. Placing additional administrative oversight over funds expended for emergencies jeopardizes public safety.

    SB15: RELATING TO HISTORIC PRESERVATION 

    Bill Description: Amends the definition of “historic property” to require that the property is over 50 years old and meets the criteria for inclusion in the Hawaiʻi Register of Historic Places. Excludes proposed projects on existing residential property and proposed projects that are in nominally sensitive areas from the State’s Historic Preservation Program review, under certain circumstances.

    Veto Rationale: Exempting proposed projects on any existing residential property from historic preservation review fails to consider properties that have never undergone such a review and may contain historically significant artifacts or iwi kūpuna. This categorical exclusion increases the risk for desecration of iwi kūpuna and historical resources. Although Governor Green supports amending the historic preservation review process to facilitate housing production, a more nuanced approach to protecting iwi kūpuna is needed, such as that advanced in SB 1263.

    SB31: RELATING TO PROPERTY

    Bill Description: Authorizes a person who discovers a recorded discriminatory restrictive covenant to take certain actions, without liability, to invalidate the covenant. Defines discriminatory restrictive covenant.

    Veto Rationale: By enabling any person, including those without any interest in the specified real property, to record a statement that a real property’s title includes a discriminatory restrictive covenant, this bill provides a statutorily authorized mechanism for the circulation of disinformation. This disinformation has the potential to negatively affect the marketability of a property. Because the person who recorded the statement claiming a discriminatory restrictive covenant exists is waived of any liability, no recourse is available to those who suffer financial loss due to inaccurate claims concerning their property’s title.

    SB38: RELATING TO HOUSING

    Bill Description: Requires the Hawaiʻi Housing Finance and Development Corporation to provide counties with an opportunity to comment on certain housing development projects. Prohibits the legislative body of a county from imposing stricter conditions than the Hawaiʻi Housing Finance and Development Corporation, stricter area median income requirements, or a reduction in fee waivers to housing development proposals that would increase the cost of the project.

    Veto Rationale: County councils have expressed concerns that this bill hampers their ability to work with developers to modify housing projects to reflect the specific needs of their communities. While the administration supports measures intended to facilitate the production of affordable housing, further dialogue with the counties on this measure’s implementation is required.

    SB66: RELATING TO HOUSING

    Bill Description: Establishes procedures and requirements for single-family and multifamily housing project applicants to apply for an expedited permit, including requirements for completeness of expedited permit applications, duties of licensed professionals and the counties during construction, and applications for owner-builder exemptions. Takes effect 7/1/2026. Sunsets 6/30/2031.

    Veto Rationale: By allowing any qualified professional to determine a project’s impact on historical resources, this bill permits a project proponent to evaluate and determine the impact of its own projects on historical resources. This is a conflict of interest that allows for self-serving determinations, undermines the authority and purpose of regulatory agencies’ independent evaluations, and increases risk to iwi kūpuna.

    SB104: RELATING TO CORRECTIONS

    Bill Description: Beginning 7/1/2026, restricts the use of restrictive housing in state-operated and state-contracted correctional facilities, with certain specified exceptions. Establishes a restrictive housing legislative working group to develop and recommend more comprehensive laws, policies and procedures regarding restrictive housing for members of vulnerable populations by 1/8/2027. Requires the Hawaiʻi Correctional System Oversight Commission to review restrictive housing placements on an annual basis. Authorizes the Department of Corrections and Rehabilitation, by 12/1/2027, to implement policies and procedures recommended by the restrictive housing working group related to committed persons. Requires interim and final reports to the Legislature and Hawaiʻi Correctional System Oversight Commission.

    Veto Rationale: The Department of Corrections and Rehabilitation has policies in place governing the use of restrictive housing. These policies and procedures comply with National Institute of Corrections and American Correctional Association standards. Rather than improve the health and safety of those in the department’s care, the implementation of certain requirements proposed in this bill will jeopardize the safety, security and good governance of the department’s facility, negatively impacting inmates. In lieu of this measure and to address stakeholders’ concerns, the department is working with the Hawaiʻi Correctional Systems Oversight Commission to amend its policies and procedures.

    SB447: RELATING TO A DEPARTMENT OF HEALTH PILOT PROGRAM

    Bill Description: Establishes a Hiring Pilot Program within the Department of Health, which includes an amended hiring procedure for delegated position classifications, certain flexibilities regarding minimum qualifications for positions having a salary range at or below SR-10, the ability to directly hire certain individuals into a civil service position if certain conditions are met, and the authority to make certain temporary appointments at the merited civil service pay scale without step limitation. Applies to recruitments initiated before 7/1/2028. Requires annual reports to the Legislature. Sunsets 7/1/2028.

    Veto Rationale: The governor strongly supports efforts to streamline the state’s hiring process to address our workforce vacancies, especially those in our state’s public health sector. However, this bill conflicts with state civil service law, undermining the state’s merit-based civil service system. Disparities in hiring, classification and compensation throughout the state are expected to occur should this bill become law.

    SB1102: RELATING TO THE AIRCRAFT RESCUE FIRE FIGHTING UNIT

    Bill Description: Specifies the appointment processes and terms for the Fire Chief of the Hawaiʻi State Aircraft Rescue Fire Fighting Unit of the Airports Division of the Department of Transportation.

    Veto Rationale: The appointment process proposed in the bill is inconsistent with the selection process for other department leadership positions. Further, due to the need to obtain legislative approval for the appointment of the Fire Chief, following the appointment process contained in this bill may delay the appointment of this critical leadership position, impacting airport operations, safety and readiness.

    # # #

    Media Contacts:  
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Office: 808-586-0120
    Email: [email protected] 

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI New Zealand: Jones to Singapore for major energy conference

    Source: New Zealand Government

    Resources Minister Shane Jones travels to Singapore tomorrow where he will speak to more than 400 executives about New Zealand’s oil and gas investment opportunities at the Asia Pacific Energy Capital Assembly.

    “As a fierce champion for New Zealand’s oil and gas sector, the Asia Pacific Energy Capital Assembly conference on 9 and 10 June provides an unparalleled opportunity to tell investors from the Asia Pacific region that New Zealand is open for business and ready for investment,” Mr Jones says.

    “Investment in our resources means jobs, opportunities and economic growth for regional New Zealand. The Coalition Government is working hard to make New Zealand an attractive proposition for investors, with changes such as the reversal of the oil and gas exploration ban and the passing of the Fast-track Approvals Act.

    “Budget 2025 included a tagged contingency of $200 million over four years for business case-approved co‑investment in new gas fields. This investment sends a clear message to the international investment community that New Zealand is serious about oil and gas exploration to supply the gas we need to power our homes and businesses. The industry can also benefit from the Investment Boost policy, also announced in Budget 2025.

    “Of particular interest to international investors will be upcoming changes to the Crown Minerals Act which align petroleum decommissioning requirements with international best practice. These requirements were previously seen as a handbrake on investment.

    “I look forward to meeting oil and gas explorers and producers on the sidelines of the conference to discuss ways we can open new pathways for investment and opportunities for the oil and gas sector in New Zealand.”

    Mr Jones returns to New Zealand on 12 June.

    MIL OSI New Zealand News –

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for June 7, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on June 7, 2025.

    ‘They cannot block us,’ says activist on Madleen flotilla aid ship to Gaza
    Pacific Media Watch One of the 12 activists on board the Gaza Freedom Flotilla aid vessel Madleen has posted an update on their progress, saying the mission would not be deterred by Israel’s threats to block them. In a video posted to X, Thiago Ávila said the crew, which includes high-profile Swedish climate activist Greta

    Jeremy Rose: Mister Netanyahu have you no sense of decency?
    Report by Dr David Robie – Café Pacific. – COMMENTARY: By Jeremy Rose The word antisemitism has become so debased that depending on who is using it I might well take it as a sign that the accused is worth listening to. When the World Criminal Court (ICC) issued a warrant for Benjamin Netanyahu’s arrest,

    Marshall Islands nuclear legacy: report highlights lack of health research
    By Giff Johnson, editor, Marshall Islands Journal, and RNZ Pacific correspondent A new report on the United States nuclear weapons testing legacy in the Marshall Islands highlights the lack of studies into important health concerns voiced by Marshallese for decades that make it impossible to have a clear understanding of the impacts of the 67

    New rules for cosmetic injectables aim to make the industry safer. Will they work?
    Source: The Conversation (Au and NZ) – By Christopher Rudge, Law lecturer, University of Sydney BearFoto/Shutterstock New guidelines to regulate Australia’s booming cosmetic procedures industry have been called “tough” and “a crackdown” in media reports this week. On Tuesday, the Australian Health Practitioner Regulation Agency (AHPRA) announced the new guidelines – one for procedures, the

    Keith Rankin Analysis – Equity Rights: UBI, SUI, BUI, HUI, or GUI?
    Analysis by Keith Rankin. Capitalism is in crisis, and our species’ imagination to save ourselves is sorely lacking. There are of course understandings out there, and solutions; but they are so heavily gate-kept that conversations about saving ourselves are well-nigh impossible. It remains a puzzle why those political and intellectual leaders who would most benefit

    ‘Godfather of AI’ now fears it’s unsafe. He has a plan to rein it in
    Source: The Conversation (Au and NZ) – By Armin Chitizadeh, Lecturer, School of Computer Science, University of Sydney fran_kie/Shutterstock This week the US Federal Bureau of Investigation revealed two men suspected of bombing a fertility clinic in California last month allegedly used artificial intelligence (AI) to obtain bomb-making instructions. The FBI did not disclose the

    John Pesutto owes Moira Deeming $2.3m, but he doesn’t have it. Can former premiers be forced to pick up the tab?
    Source: The Conversation (Au and NZ) – By Michael Legg, Professor of Law, UNSW Sydney Victorian MP Moira Deeming attracted headlines recently when news broke she’s intending to sue three former Liberal premiers, among other party figures. Why? Deeming is trying to recoup millions of dollars in legal costs after a successful defamation case. Who

    The kimono is more than an artefact and more than clothing. It is a concept artists will make their own
    Source: The Conversation (Au and NZ) – By Sasha Grishin, Adjunct Professor of Art History, Australian National University The kimono garment, the national dress of Japan, carries within itself all of the magic and traditions of Japanese culture. The basic features of the kimono are fairly simple. It is a wrapped front garment with square

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: Student who injured three people in central China has been subject to preventive measures

    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

    WUHAN, June 7 (Xinhua) — A 23-year-old student has been taken into criminal custody for allegedly injuring three people at Wuhan University in central China’s Hubei Province, local police said Friday.

    The incident occurred at around 5 p.m. on Wednesday at a university canteen in Wuhan’s Hongshan District.

    Police quickly arrived at the scene. According to the Hongshan District Public Security Bureau, the injured were immediately sent to hospital for treatment and their lives are not in danger.

    The suspect, surnamed Zhu, was taken into custody by the police on the spot. Investigation showed that he committed the act due to problems with his studies, he confessed to the crime and was subject to preventive measures.

    Further investigation is currently underway. -0-

    MIL OSI Russia News –

  • MIL-OSI: MediPharm Labs’ Board Continues Value Destruction for Shareholders with Sale of Hope Facility

    Source: GlobeNewswire (MIL-OSI)

    Complete Incompetence at the Board Level Results in Fire Sale of Treasured MediPharm Asset, the Hope Facility, to a Competitor

    Hope Facility was One of Canada’s Best Cultivation Assets Before it was Acquired by MediPharm, Grossly Mismanaged, and Ultimately Shut Down in 2024

    MediPharm Labs’ Board is Pursuing its Worst Deal Yet: A Highly Dilutive NO CASH Sale of the Remaining Company

    Apollo has a Concrete and Achievable Plan to Drive MediPharm’s Share Price from Nearly $0.06 to Over $1.00, Restoring Value to its Loyal Shareholders

    SHAREHOLDERS ARE URGED TO VOTE THE GOLD CARD “FOR” APOLLO CAPITAL’S SIX DIRECTOR NOMINEES AND NOT VOTE MEDIPHARM’s GREEN CARD

    TORONTO, June 06, 2025 (GLOBE NEWSWIRE) — Apollo Technology Capital Corporation (“Apollo Capital”), one of MediPharm Labs’ (“MediPharm”) largest investors, warns MediPharm shareholders that the Company’s current leadership is continuing its pursuit of value destructive M&A, with the ultimate goal of a non-cash dilutive sale of the entire company. A sale of the Company which would trigger over $5M in change of control and other payments to current management.

    “It’s a travesty for shareholders to have what is believed to be a $12M asset sold for just $4.5M, likely netting shareholders less than $4M after fees and expenses. Worse still, the acquirer will wisely use the facility to produce cannabis for export that will directly compete with MediPharm in Europe,” says Regan McGee of Apollo Capital.

    “Yesterday’s fire sale announcement makes it crystal clear that MediPharm’s Board has no actual value creation strategy, just a desire to sell off MediPharm’s assets at shareholders’ expense to keep paying themselves at 500% above market norms. Is MediPharm pursuing growth facilities as a strategy or not? Is the Napanee facility the next fire sale we will see to a competitor?” questions Regan McGee of Apollo Capital.

    Apollo expects the scaling of MediPharm’s Napanee facility to cost shareholders significantly more than what the buyer of the Hope Facility will spend to achieve real profitability. Apollo expects the scaling of MediPharm’s Napanee facility to cost between $3 million and $5 million and take 12 to 18 months to generate revenue. Apollo notes MediPharm’s management team does not have cultivation experience, which could result in millions of investment dollars needed before it provides a return, if ever.

    The Hope Facility, formerly known as CannaFarms, was built by the highly respected Laflamme family to be one of the first licensed facilities in Canada. As exceptional visionaries, the Laflamme family built a world-class facility at immense personal cost to service patients in need, including military veterans. After nearly a decade of strong operational success as a positive driver for the community, MediPharm leadership not only failed to realize the value of its acquisition, but handed its assets to a competitor for well below market value.

    This sale is a tragic outcome for MediPharm shareholders. CEO David Pidduck has sold off MediPharm’s Hope.

    Apollo Capital asks:

    • Why did the Board fail to capitalize on the value of the operational and profitable Hope Facility, as MediPharm’s competitor plans to?
    • How will the MediPharm and its shareholders pay for ill-advised investments in cultivation?
    • How will MediPharm avoid insolvency, given CEO Pidduck’s current strategy?
    • Is the Board pursuing a highly dilutive sale of the Company that will destroy remaining shareholder value?
    • In the case of such a transaction, how many millions of dollars of the shareholders’ money will go directly to the compensation of management?

    Apollo Capital has invested significant capital into MediPharm and nominated highly qualified director candidates who can drive the urgent change needed and propel share price over $1.00. For more information, see our strategic five-pillar plan at www.curemedipharm.com.

    Apollo urges shareholders to save their investments and vote the GOLD CARD by June 13, 2025. Shareholders are urged to NOT sign or return the green proxy cards sent by the Company.

    Contacts

    For Shareholders:
    Carson Proxy
    North American Toll-Free Phone: 1-800-530-5189
    Local or Text Message: 416-751-2066 (collect calls accepted)
    E: info@carsonproxy.com

    For Media:
    media@curemedipharm.com

    This solicitation is being made by and on behalf of the Concerned Shareholder, who, as of the date of this Circular, beneficially owns or controls, directly and indirectly through its wholly-owned subsidiary, Nobul Technologies Inc., 12,491,500 common shares of the Company (“Common Shares”), representing approximately 3% of the total Common Shares issued and outstanding, and not by the management of the Company (“Management”).

    Legal Disclosures
    Information in Support of Public Broadcast Exemption under Canadian Law
    In connection with the annual general and special meeting (the “Annual Meeting”) of shareholders of MediPharm, Apollo Capital has filed an amended and restated dissident information circular dated May 15, 2025 (the “Circular”), as amended and supplemented by an addendum to the Circular subsequently filed by the Concerned Stakeholder dated June 4, 2025 (the “Addendum” and together with the Circular, the “Amended Circular”), each in compliance with applicable corporate and securities laws. The Concerned Stakeholder has provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and the corresponding exemption under the Business Corporations Act (Ontario), and has filed the Amended Circular, available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The Amended Circular contains disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of the Concerned Stakeholder’s director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Amended Circular is hereby incorporated by reference into this press release and is available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 151 John Street, Barrie, Ontario, Canada L4N 2L1.
    SHAREHOLDERS OF MEDIPHARM ARE URGED TO READ THE AMENDED CIRCULAR CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and shareholders are able to obtain free copies of the Amended Circular and any amendments or supplements thereto and further proxy circulars at no charge under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. In addition, shareholders are also able to obtain free copies of the Amended Circular and other relevant documents by contacting the Concerned Stakeholder’s proxy solicitor, Carson Proxy Advisors Ltd. (“Carson Proxy”) at 1-800-530-5189, local (collect outside North America): 416-751-2066 or by email at info@carsonproxy.com.
    Proxies may be revoked in accordance with subsection 110(4) of the Business Corporations Act (Ontario) by a registered shareholder of Company shares: (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing executed by the shareholder or by the shareholder’s attorney authorized in writing; (c) by transmitting by telephonic or electronic means a revocation that is signed by electronic signature in accordance with applicable law, as the case may be: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Annual Meeting or any adjournment or postponement of the Annual Meeting is to be held, or (ii) with the chair of the Annual Meeting on the day of the Annual Meeting or any adjournment or postponement of the Annual Meeting; or (d) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Company shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary. It should be noted that revocation of proxies or voting instructions by a non-registered holder can take several days or even longer to complete and, accordingly, any such revocation should be completed well in advance of the deadline prescribed in the form of proxy or voting instruction form to ensure it is given effect in respect of the Annual Meeting.
    The costs incurred in the preparation and mailing of any circular or proxy solicitation by the Concerned Stakeholder and any other participants named herein will be borne directly and indirectly by Apollo Capital. However, to the extent permitted under applicable law, Apollo Capital intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of its director nominees at the Annual Meeting.
    This press release and any solicitation made by the Concerned Stakeholder is, or will be, as applicable, made by such parties, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of the Concerned Stakeholder who will not be specifically remunerated therefor. In addition, the Concerned Stakeholder may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.
    Apollo Capital has entered into an agreement with Carson Proxy for solicitation and advisory services in connection with the solicitation of proxies by the Concerned Stakeholder for the Annual Meeting, for which Carson Proxy will receive a fee from Apollo Capital not to exceed $250,000, together with reimbursement for reasonable and out-of-pocket expenses. Apollo Capital has also engaged Gasthalter & Co. LP (“G&Co”) to act as communications consultant to provide the Concerned Stakeholder with certain communications, public relations and related services, for which G&Co will receive, from Apollo Capital, a minimum fee of US$75,000 in addition to a performance fee of US$250,000 in the event that the Concerned Stakeholder’s nominees make up a majority of the board of directors of MediPharm (the “Board”) following the Annual Meeting, plus excess fees, related costs and expenses. Anteris Advisors, LLC (“Anteris”) has also been retained by Apollo Capital to act as strategic consultant to provide the Concerned Stakeholder with certain activism strategy, material creation and strategic communications services, for which Anteris will receive, from Apollo Capital, a minimum fee of US$100,000 in addition to a success fee of US$100,000 in the event that one or more of the Concerned Stakeholder’s nominees are appointed or elected to the Board following the Annual Meeting or as a result of any settlement or arrangement, plus excess fees, related costs and expenses.
    No member of the Concerned Stakeholder nor any of their respective associates or affiliates has or has had any material interest, direct or indirect, in any transaction since the beginning of the Company’s last completed financial year or in any proposed transaction that has materially affected or will or would materially affect the Company or any of the Company’s affiliates. No member of the Concerned Stakeholder nor any of their respective associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Annual Meeting, other than setting the number of directors and the election of directors to the Board.
    Cautionary Statement Regarding Forward-Looking Statements
    This press release contains forward‐looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward‐looking statements. These statements are based on current expectations of the Concerned Stakeholder and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. All forward-looking statements contained herein are made only as of the date hereof and the Concerned Stakeholder disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Concerned Stakeholder hereafter becomes aware, except as required by applicable law.

    Hashtags: #ShareholderActivism #CorporateGovernance #InvestorProtection #Investor Alert #Investor Fraud #FinancialRegulation #CorporateCrime #FinancialCrime #HomelandSecurity #DHS #OpioidCrisis #OpioidEpidemic #OpioidLitigation #OpioidVictims #BMO #DEA #ONDCP

    The MIL Network –

  • MIL-OSI United Kingdom: Support secured for LGBT Veterans

    Source: Scottish Government

    Action to ensure Council Tax support retained.

    Legislation has been amended to ensure veterans who receive a payment from the LGBT Financial Recognition Scheme do not lose out on council tax support.  

    More than 1,200 people in Scotland who served under and suffered from the ban on lesbian, gay, bisexual and transgender (LGBT) personnel serving in HM Armed Forces between 1967 and 2000 have applied to the UK Government for compensation so far.

    Changes approved by the Scottish Parliament to ensure such payments do not affect any entitlement to Council Tax Reduction have come into effect this week.

    Finance Secretary Shona Robison said:

    “As we mark 25 years since the lifting of the ban on LGBT people serving in the Armed Forces, it is important to recognise the hardship that so many faced with widespread homophobic bullying and harassment.

    “Nothing will make up for the difficulties that LGBT veterans faced, however our action will ensure those in Scotland receive every penny that they are entitled to.

    “I would also like to recognise the individuals and organisations – including Fighting with Pride – who campaigned for the rights of those who were dismissed or discharged, or faced other discrimination.”

    Peter Gibson, CEO of Fighting with Pride, said:

    “Fighting with Pride has campaigned for justice for LGBTQ+ veterans for many years, helping to secure reparations and financial recognition of their horrendous treatment prior to 2000.

    “As we slowly see the UK Government deal with those financial payments, protected from benefit and taxation impact, it is wonderful to see the Scottish Government taking action to ensure other benefits such as Council Tax Benefit is also protected too. We continue to seek out veterans who were discharged or dismissed from the military to support them, and this news is one more step towards helping those in Scotland.”

    Background

    The Council Tax Reduction (Miscellaneous Amendment) (Scotland) (No. 2) Regulations 2025

    Veterans of the LGBT Ban: Financial Recognition Scheme – GOV.UK

    The UK-wide financial recognition scheme opened in December 2024, with payments due to commence in June 2025. 

    Around 460,000 households across Scotland will receive some level of Council Tax Reduction this year, helping them with the cost of living. This will save people, on average, more than £850 a year.

    MIL OSI United Kingdom –

  • MIL-OSI: Draganfly Announces Additional Exercise Of Over-Allotment Option

    Source: GlobeNewswire (MIL-OSI)

    Saskatoon, SK., June 06, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced that further to the closing of the Company’s US$3.6 million underwritten public offering on May 5, 2025 (the “Offering”), Maxim Group LLC, as underwriter and sole book-running manager, has partially exercised their over-allotment option to purchase an additional 100,000 common shares at the price of US$2.09 per share for aggregate gross proceeds of US$209,000 prior to deducting underwriter discounts and commissions.

    As previously announced, Draganfly intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company’s core products, potential acquisitions and research and development.

    The Offering was made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on July 5, 2023 and the Company’s Canadian short form base shelf prospectus dated June 30, 2023 (the “Base Shelf Prospectus”). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers.

    A final prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in the Canadian provinces of British Columbia, Saskatchewan and Ontario, and with the SEC in the United States and is available for free by visiting the Company’s profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca or the SEC’s website at www.sec.gov, as applicable. Copies of the final prospectus supplements and accompanying Base Shelf Prospectus relating to the Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

    Media Contact
    media@draganfly.com

    Company Contact
    Email: info@draganfly.com

    Forward Looking Statements

    Certain statements contained in this news release may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds of the Offering. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws.‎ Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Offering documents, as well as Draganfly’s continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.

    The MIL Network –