NewzIntel.com

Category: Finance

  • MIL-OSI: Axi launches ‘Four Years’ campaign with Manchester City stars

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, April 03, 2025 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi has unveiled their new campaign, Four Years. Featuring Manchester City stars, Ruben Dias, Bernardo Silva, and John Stones, the campaign celebrates four years of partnership and shared success.

    Since 2020, Axi, the Official Online Trading Partner of Manchester City, has leveraged their access to the club’s players to create compelling content and to showcase their unique offerings. This year, the campaign celebrates four remarkable years of collaboration, reflecting on shared achievements, and ultimately, reaching new heights together, including the record setting, four consecutive Premier League titles.

    Hannah Hill, Head of Brand and Sponsorship at Axi, expressed her enthusiasm for their new campaign, stating, “Working with the City players has been a very exciting experience, year after year. When we started our collaboration with the club back in 2020, we couldn’t have anticipated just how extraordinary these four years would turn out to be. Our latest campaign, Four Years, celebrates it all. The challenges that we navigated, the shared ambition and strive for excellence, and the unprecedented success we’ve achieved together. The campaign is also a testament to our clients and partners–it’s the details that give you the edge, and it’s our pledge to continue providing the edge they need to maximise their full trading potential.”

    Further to the broker’s collaboration with Manchester City, Axi is also the Official LATAM Online Trading Partner of LaLiga club, Girona FC, the Official Online Trading Partner of Brazilian club, Esporte Clube Bahia, and have also named England international John Stones as their Brand Ambassador in 2023. Four Years follows a series of notable achievements and accolades for Axi–recently, the broker was recognised as ‘Innovator of the Year’ at the 2024 Dubai Forex Expo and was named ‘Most Innovative Proprietary Trading Firm’ by Finance Feeds, awards* that highlight the broker’s forward-thinking commitment in shaping future of the trading industry.

    Watch video https://youtu.be/AWTcHN18JBg

    *Granted to the Axi Group of Companies.

    About Axi

    Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

    For more information or additional comments from Axi, please contact: mediaenquiries@axi.com

    About Manchester City Football Club:

    Manchester City FC was initially founded in 1880 as St Mark’s West Gorton and officially became Manchester City FC in 1894. Situated on the wider Etihad Campus, the Club’s footprint includes the 53,500 capacity Etihad Stadium, the 7,000 capacity Joie Stadium and City Football Academy, a state-of-the-art performance, training and youth development facility home to the Club’s men’s, women’s and academy teams.

    Ranked as the Most Valuable Football Club Brand in the Premier League by Brand Finance, Manchester City FC is currently developing a best-in-class fan experience and year-round entertainment and leisure destination at the Etihad Campus. The Club is committed to operating in a sustainable and socially responsible manner and ensures that equality, diversity and inclusion is embedded into its decision-making processes, culture and practices.

    The MIL Network –

  • MIL-OSI United Kingdom: Government kickstarts £100 million fusion investment

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Government kickstarts £100 million fusion investment

    A first of its kind partnership between the government and private sector could see over £100 million invested into the UK’s growing fusion energy industry.

    • Government invests £20 million into “Starmaker One” – a British fusion investment fund which is expected to leverage £100 million into the UK
    • world first government partnership with fusion private venture capital fund – keeping Britain at the forefront of the global fusion race
    • fusion has potential to help make Britain a clean energy superpower as part of the Plan for Change – driving economic growth and creating skilled jobs

    Today (3 April) the government has announced £20 million to kickstart ‘Starmaker One’ – a British private fusion investment fund that will help fusion businesses and start-ups in the sector grow and commercialise at scale. 

    It is expected the upfront investment will unlock further investment from the private sector as the fusion industry grows – helping cement the UK as a world leader in the technology and creating highly-skilled jobs.  

    Fusion uses the same process that powers the sun by combining two forms of hydrogen and heating them at extreme temperatures, releasing vast amounts of energy. 

    Companies in the UK have often identified lack of access to capital as a barrier to scaling up and commercialising their businesses. An injection of cash from government will give the private sector confidence to invest in fusion, developing its vast potential as an unlimited source of energy and ensuring the UK continues to compete in the global fusion race.  

    The funding boost will help small fusion companies provide training for their workforce in key areas such as physics, engineering and chemistry. It will also support companies to develop technologies and capitalise on the opportunities of fusion energy in markets such as magnetics, industrial AI, robotics, healthcare, transportation and energy storage.  

    Fusion already supports thousands of jobs in the UK, in regions such as Nottinghamshire, Oxfordshire and South Yorkshire, with thousands more to follow as the technology advances. Fusion is a key industry sector in the Oxford-Cambridge Growth Corridor with independent research from London Economics showing that every £1 invested in fusion it benefits the economy by nearly £4. 

    Energy Secretary Ed Miliband said:  

    This government is taking back control of Britain’s energy by driving for clean homegrown power through our Plan for Change.  

    Fusion has the potential to provide us with energy security, whilst attracting the best technologies to our shores and training up the next generation of British scientists and engineers.  

    We are backing both nuclear and fusion power, and today we take a step forward in growing this exciting industry.

    Science Minister and Oxford-Cambridge Growth Corridor Champion, Lord Vallance said: 

    Fusion energy is a technology with enormous potential, and an industry in which the UK is already well established.    This investment will help to unlock the funding the fusion industry needs to grow, which will boost regions across the UK such as Nottinghamshire and South Yorkshire, and in Culham in Oxfordshire, the epicentre of UK fusion.

    Energy Minister Kerry McCarthy, said:  

    This investment is our Plan for Change in action – we are backing British pioneers to secure the clean energy of the future while supporting jobs today, from scientists and welders to engineers and construction managers.  

    As countries around the world recognise the huge potential of fusion, breakthroughs in this technology are happening thick and fast, and we want to keep the UK at the forefront of the global race by helping projects to innovate and grow here, in turn driving economic growth.

    Investment in Starmaker One signals the first early-stage fusion energy venture capital fund outside the US and the first of its kind to partner with government as an investor. Investing in fusion technology will pave the way to delivering a clean safe, secure and abundant baseload energy, helping to meet rising energy demand in the years ahead. 

    This investment will give industry cash upfront to grow their businesses and supply chains. It follows on from a government commitment for a record level of £410 million, announced in January, for UK fusion research and collaboration with other countries to develop clean, unlimited power and drive economic growth. 

    Successful deployment of fusion energy would be globally transformative and allow the UK to export the technology to a global fusion market expected to be worth trillions of pounds in the future.

    This notice is for information only and does not constitute an invitation to invest. The fund is not available to retail investors. 

    Notes for editors  

    • Starmaker One is a limited partnership in which the government is a cornerstone investor. The fund has potential to raise between £100 million and £150 million overall (including the £20 million from DESNZ) for investment into fusion-related technology
    • East X Ventures will act as fund manager. Government will receive a share of any returns made by the partnership
    • East X Ventures is the venture capital arm of East X, a London based quantitative systematic research and investment firm operating across global commodity markets.  East X Ventures invests in early-stage, science-led companies with high-growth, world-scale potential
    • The funding comes from the government’s existing Research and Development budget for 2024/2025.

    Updates to this page

    Published 3 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Congressman Hank Johnson Honors ‘Trailblazers’ During Annual Women’s History Month Ceremony

    Source: United States House of Representatives – Representative Hank Johnson (GA-04)

    STONECREST, GA– On Saturday, March 22, Congressman Hank Johnson (GA-04) hosted his fifth annual Trailblazer Awards, recognizing 11 outstanding women who have made significant contributions in their respective professions and communities and have become pioneers in their careers.

    Held during Women’s History Month, the event honored leaders in business, education, public service, arts and entertainment, and beyond – those who have broken barriers, uplifted others, and paved the way for future generations.

    This year’s honorees include:

    o   Dr. Syreeta Ali McTier – Education, DeKalb County Schools
    o   Florence Battle Shafiq, MD – Healthcare & Community Advocacy, Retired Physician
    o   Mrs. Susan McGhee Crawford – Arts & Culture, Founder, Trendsetters Dance Company
    o   Mrs. Cynthia Dorsey Edwards – Higher Education & Leadership, Executive Director, Storehouse of Solutions, Inc.
    o   Ms. Jackie Davis – Arts & Entertainment, Founding Owner, UniverSoul Circus
    o   Mrs. Shelbia L. Jackson – Film & Entertainment, Director, DeKalb Entertainment Commission
    o   Mrs. Claudette Leak – Public Service, DeKalb County Government
    o   Ms. India Pullin – Nonprofit & Community Advocacy, Founder, Step Up in Georgia, Inc.
    o   Ms. Sandy Purkett – Public Service & Education Advocacy, Retired Federal Investigator
    o   Dr. Charlene Spurlock – Education, DeKalb County Schools
    o   Ms. Rachel R. Zeigler – Education, DeKalb County Schools

    Additional special guests included: GA-04 Poet Laureate Hank Stewart, nationally renowned trumpeter Melvin M. Miller, recording artist ARIA, and violinist Clarissa Walker.

    View the livestream HERE. Photos available upon request. 

    ### 

    MIL OSI USA News –

  • MIL-OSI USA: Reps. Davis and Fitzpatrick Push for Long-Needed Update to Supplemental Security Income Program

    Source: United States House of Representatives – Congressman Danny K Davis (7th District of Illinois)

    Washington, D.C. – Today, U.S. Representatives Danny K. Davis (D-IL) and Brian Fitzpatrick (R-PA) introduced the SSI Savings Penalty Elimination Act to reform the Supplemental Security Income (SSI) program, which has not been updated in 40 years. Currently, the program unfairly punishes lower-income seniors and people with disabilities for saving responsibly for emergencies or their futures. A companion to this bill was introduced in the U.S. Senate by Senators Catherine Cortez Masto (D-NV) and Bill Cassidy (R-LA), alongside Senate Finance Committee Ranking Member Ron Wyden (D-OR). 

    Right now, individuals with a disability or those aged 65 and older are only eligible for Supplemental Security Income if they have under $2,000 in assets. SSI’s marriage penalty restricts married couples to a total of $3,000 in financial resources to remain eligible. The bipartisan, bicameral legislation would update SSI’s asset limits for the first time since the 1980s to allow millions of Americans with disabilities to marry, work, earn, and save money without putting the benefits they rely on to live at risk.

    “I am honored to join with my colleagues to champion the SSI Savings Penalty Elimination Act that would improve the lives of lower-income seniors and people with disabilities,” said Rep. Davis.  “This bipartisan, bicameral bill would reform one of the most regressive, anti-savings measures in federal law by updating the outdated asset limits of the Supplemental Security Income program for the first time in almost 40 years.  The necessity of this legislation is reflected in its support by over 200 businesses, faith-based groups, and organizations from across the political spectrum.” 

    “Raising the SSI asset limits is a smart, long-overdue reform that updates a critical program to reflect today’s economic realities. For over forty years, outdated restrictions have discouraged work and penalized those who try to save for their future. The SSI Savings Penalty Elimination Act modernizes these limits, ties them to inflation, and ensures that seniors and individuals with disabilities are not forced to choose between earning a paycheck and keeping the benefits they depend on. This bipartisan legislation promotes financial independence and strengthens the integrity of our safety net,” said Rep. Fitzpatrick (PA-1). 

    “A $2,000 rainy-day fund doesn’t go as far as it did in 1989, but that’s all the savings that people who rely on SSI benefits are allowed,” said Senator Cortez Masto. “We shouldn’t punish people who are working hard, saving their money, and planning for the future. Congress must raise the SSI asset limit to help our seniors and Americans with disabilities.”

    “Outdated rules are making disabled Americans pick between a better job and losing their safety net. That’s wrong,” said Dr. Cassidy. “Instead, let’s encourage work, help people save, and lift them out of poverty.”

    “Every year, SSI’s outdated rules prevent Americans from being able to work, save, or marry the one they love,” said Senator Wyden. “This bipartisan bill gives Americans who are trying to make ends meet the chance to live independently without fear of being forced to forfeit an economic lifeline. As the Ranking Member of the Finance Committee, I am committed to making sure SSI is no longer stuck in yesteryear so every American can live with dignity and respect.”

    A study by JPMorganChase suggests that current asset and income limits on federal benefits for people with disabilities make it harder for them to work a part-time job or save money for an emergency. The SSI Savings Penalty Elimination Act would raise the SSI asset limits, which have not been changed since 1984, to $10,000 for individuals and $20,000 for married couples, and index them to inflation moving forward.

    Additional cosponsors include Representatives John Larson (D-CT), Mike Lawler (R-NY), Christopher Deluzio (D-PA), Christopher Smith (R-NJ), Brad Schneider (D-IL), Vern Buchanan (R-FL), Don Bacon (R-NE), and Steven Horsford (D-NV) as well as Senators Susan Collins (R-ME), Maggie Hassan (D-NH), James Lankford (R-OK), Patty Murray (D-WA), Lisa Murkowski (R-AK), Sheldon Whitehouse (D-RI), and Rick Scott (R-FL).

    The SSI Savings Penalty Elimination Act has the support of more than 200 businesses, faith-based groups, and organizations dedicated to improving the lives of older adults and people with disabilities, including: the AARP, the Autism Society of America, the Aspen Institute Financial Security Program, the Jewish Federations of North America, Microsoft, the National Council on Aging, the National Council on Independent Living, the National Down Syndrome Congress, Justice in Aging, the Arc of the United States, Bipartisan Policy Center (BPC) Action, the National Association of Evangelicals, the United States Conference of Catholic Bishops, and the U.S. Chamber of Commerce.

    Read the bill summary here.

    “SSI’s $2,000 asset limit has been frozen in time since 1989. In today’s economy, that means SSI beneficiaries can’t save for necessary expenses like a security deposit or car repairs without the risk of losing their benefits. There’s also an outdated and unjust marriage penalty baked into the SSI asset limit that cuts the amount of money beneficiaries are allowed to save by 25% if they marry the person they love. We strongly endorse the bipartisan SSI Savings Penalty Elimination Act because it will give Americans with disabilities more freedom to build the futures they want and deserve,” said Darcy Milburn, Director of Social Security and Healthcare Policy, The Arc of the United States.

    “Disabled people want to save their own money, but burdensome restrictions such as a $2,000 asset cap prevent them from achieving financial independence. With the SSI Savings Penalty Elimination Act, Congress has an opportunity to financially empower disabled people across the country by raising asset limits that have not been increased since the Reagan administration,” said Karen Tamley, CEO/President of Access Living.

    “Supplemental Security Income’s asset rules have been frozen since the 1980s and prevent disabled Americans from participating in everyday life, whether it be tying the knot to a long-term partner or putting a financial nest egg away. Raising the program’s resource limits will help eliminate work and marriage penalties and limit accidental overpayments. The Niskanen Center supports this pro-savings, pro-family legislative effort by Senators Cortez Masto, Cassidy, and their colleagues,” said Will Raderman, Employment Policy Analyst, Niskanen Center.

    “JPMorganChase, like many companies, wants to attract and retain the very best qualified people of all abilities. We applaud the bipartisan reintroduction of the SSI Savings Penalty Elimination Act, which would make common sense updates to the outdated rules for SSI benefits to reflect current economic conditions and keep pace with inflation,” said Bryan Gill, Global Head of the Office of Disability Affairs, JPMorganChase.

    “The U.S. Chamber of Commerce would like to thank Senators Cortez Masto and Cassidy and Representatives Davis and Fitzpatrick for their leadership in reintroducing the SSI Savings Penalty Elimination Act, which would help employers fill many open jobs with older, experienced American workers who wish to stay in the workforce by raising the current asset limits for Supplemental Security Income program eligibility,” said Chantel Sheaks, Vice President of Retirement Policy, U.S. Chamber of Commerce.

    “SSI’s outdated asset limits have prevented older Americans and those with disabilities from being able to save even a small amount for an emergency or to have a modicum of economic security as they age, without the risk of losing vital benefits. Americans should not be prevented from saving a few dollars for unforeseen circumstances, and SSI beneficiaries are no exception. It is long-past time for Congress to update SSI’s asset limits, which have become overly restrictive and prevent the accumulation of even a small amount of personal savings. AARP therefore urges Congress to pass your SSI Savings Penalty Elimination Act as soon as possible,” said Bill Sweeney, Senior Vice President, AARP Government Affairs.

    “Current policy imposes a difficult choice on Americans living with disabilities: spend their money now or lose access to essential support. This is nonsensical and denies some people the ability to save for future needs and opportunities. The SSI savings limit is long overdue for reform. A big thank you to the senators and representatives who are leading the way to a more humane policy,” said Galen Carey, Vice President of Government Relations, National Association of Evangelicals.

    “The SSI Savings Penalty Elimination Act will update asset limits for Supplemental Security Income and remove outdated barriers that restrict economic opportunity and hinder workforce participation. We thank Senators Cortez Masto and Cassidy and Representatives Davis and Fitzpatrick, for championing this bipartisan legislation that will help broaden America’s workforce, bolster supply chains, and support disabled workers,” said Rylin Rodgers, Disability Policy Director, Microsoft.

    “BPC Action commends this effort by Sens. Cortez Masto (D-NV) and Cassidy (R-LA) and Representatives Davis (D-IL) and Fitzpatrick (R-PA)  and urges Congress to act on long-overdue bipartisan measures to empower seniors and Americans with disabilities enrolled in Supplemental Security Income to increase their household savings,” said Michele Stockwell, President, Bipartisan Policy Center Action.

    “A core component of the nation’s Social Security system, SSI is nothing short of a lifeline for more than 7 million of the nation’s poorest seniors and disabled people, including more than one million disabled children. But because it’s been left to wither on the vine for decades, with key eligibility criteria never updated even for inflation, outdated savings limits now trap millions in poverty — even though SSI was established to offer a pathway out. Senators Cortez Masto, Cassidy, and Wyden and Reps. Davis and Fitzpatrick are to be commended for their bipartisan leadership on the SSI Savings Penalty Elimination Act — important legislation that would bring long overdue reform to one of the most regressive anti-savings policies on the books today. Even at a time of historic polarization, updating SSI’s asset limits is one issue Americans across the political spectrum can agree on — and the time is now to act,” said Rebecca Vallas, CEO, National Academy of Social Insurance. 

    MIL OSI USA News –

  • MIL-OSI: BW Offshore: Arbitration settlement

    Source: GlobeNewswire (MIL-OSI)

    Arbitration settlement

    BW Offshore Limited (“BW Offshore”) is pleased to report that, in respect of arbitration proceedings between, inter alios, Prio Comercializadora Ltda (previously known as Petro Rio O&G Exploração e Produção de Petróleo Ltda.) (as Claimant) and Prosafe Production B.V. and BW Offshore do Brasil Serviços Marítìmos Ltda (as Respondents) conducted in accordance with the Rules of the London International Court of Arbitration, the parties have, prior to the issuance of a final award, agreed to fully and finally settle the arbitration and the costs of the arbitration in accordance with the terms of a confidential settlement agreement.

    The financial impact of the settlement agreement, resulting in a payment of approximately USD 36 million to BW Offshore, will be recognised in BW Offshore’s accounts.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55

    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of 2 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Eric Stousland, Manager Corporate Finance & Investor Relations, on 3 April 2025 at 08:45 CEST.

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

    The MIL Network –

  • MIL-OSI United Nations: Secretary-General’s video message to the Club de Madrid Annual Policy Dialogue: Driving Sustainable Futures for All

    Source: United Nations secretary general

    Download the video:
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+26+Mar+25/3355311_MSG+SG+CLUB+DE+MADRID+DIALOGUE+26+MAR+25.mp4

    Excellencies, Dear Friends,

    The resolve to advance a better world won’t get very far without resources. 

    And so, I applaud the Club de Madrid for focussing this policy dialogue on the crucial issue of financing for sustainable development.

    Our world groans with injustices:

    Gaping inequalities…

    Developing countries locked-out of the energy revolution… 

    And the Sustainable Development Goals woefully off track.

    These problems erode trust and foment frustration.

    And finance is at their heart. 

    Debt crises, painful repayment schedules, and soaring capital costs are enormous obstacles to investing in people.

    But last year, countries took a critical step forward. 

    They agreed to the Pact for the Future:

    This calls for reforms of the Multilateral Development Banks to make them bigger and bolder so they can facilitate greater investment and leverage far more private finance.

    It demands steps to improve access to concessional finance for developing countries.

    It urges action to assist countries drowning in debt service, and an overhaul of the debt architecture.

    And it calls for greater voice and representation of developing countries in the institutions of global governance.

    The Fourth International Conference on Financing for Development in Sevilla in June will be a critical opportunity to turn ambitions into action.

    I urge you to help make that a reality.

    Yes, the international landscape is undeniably tough.

    But together, we can demonstrate that multilateralism can deliver.

    We can create a more just and effective financial architecture.

    And we can make sure our resolve for sustainable development is matched by resources.

    Thank you.

    MIL OSI United Nations News –

  • MIL-OSI USA: Rep. Estes Reintroduces Legislation to Protect American Taxpayers

    Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)

    Today, Rep. Ron Estes (R-Kansas), joined by every Ways and Means Republican, reintroduced the Unfair Tax Prevention Act to discourage foreign countries from attacking U.S. jobs and tax revenues through the Organization for Economic Co-operation and Development (OECD)’s Pillar 2 so-called Under Taxed Profit Rule (UTPR) surtax. The bill ensures that if a country moves forward with a UTPR surtax on American workers and businesses, the United States will impose a reciprocal tax measure that will apply as long as the foreign country’s unfair tax remains in place.
     
    “When it comes to international taxes, the United States should put American businesses and the U.S. Treasury first – a departure from the Biden administration’s policies of putting America last,” said Rep. Estes. “The OECD and their so-called Under Taxed Profit Rule in Pillar 2 is a disgraceful surtax that disproportionately impacts U.S. job creators and our country’s economic competitiveness by targeting our companies for foreign treasuries’ gains. Ways and Means Republicans stand behind President Trump, who has clearly stated that he will protect American interests in any global tax negotiations, in defending our tax base from unfair extraterritorial taxes by foreign countries. Our allies and partners should take note – abandon the UTPR surtax.”
     
    Background
    The Unfair Tax Prevention Act defends Americans from unfair taxation by foreign countries with a reciprocal tax measure for any country that decides to target Americans under the guise of the OECD deal:

    • Defines “foreign-owned extraterritorial tax regime entities” (FETR entities) as foreign-controlled entities connected with entities operating in jurisdictions with extraterritorial taxes aimed at U.S. business operations, including the UTPR surtax. 
    • Strengthens anti-avoidance rules in the U.S. base erosion and anti-abuse tax (BEAT), by eliminating the 3% base erosion percentage floor and the $500 million gross receipts test for FETR entities.
    • Revokes the ability of FETR entities to disregard certain service payments and payments subject to withholding taxes, and treats 50% of cost of goods sold as a base erosion tax benefit.
    • Accelerates the scheduled BEAT rate increase and tax credit changes for FETR entities.

    For years Rep. Estes has been sounding the alarm and pushing back against the OECD’s global tax scheme, and outside organizations, like the Federation of German Industries (BDI) and the American Free Enterprise Chamber of Commerce, agree. Earlier this week, he commented on reports that Treasury delivered a memo to the White House in response to President Donald Trump’s Jan. 20 executive action on OECD. In January, Rep. Estes praised President Trump’s executive actions rejecting the OECD tax deal. On that same day, he also joined Ways and Means Chairman Jason Smith (R-Missouri) in introducing the Defending American Jobs and Investment Act. Earlier that month he published an op-ed in London’s Telegraph outlining U.S. opposition to the OECD deal. He previously published an op-ed with MP Priti Patel on the OECD Pillar Two tax scheme, led a letter to Treasury demanding accountability and traveled with Ways and Means colleague to Germany and France to discuss Pillar Two with European leaders. He also introduced legislation to impose reciprocal taxes on countries that use the OECD deal to impose unfair taxes on U.S. business and raid the U.S. tax base in the last Congress. Earlier, he penned an op-ed in The Hill outlining the concerns with the OECD deal and published a Bloomberg op-ed with Rep. Randy Feenstra (R-Iowa) highlighting how the OECD tax deal would harm the United States.

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Estes Comments on Treasury Memo Regarding OECD

    Source: United States House of Representatives – Congressman Ron Estes (R-Kansas)

    Today, Rep. Ron Estes (R-Kansas) issued the following statement after reports that Treasury delivered a memo to the White House in response to President Donald Trump’s Jan. 20 executive action on OECD.
     
    “I’m pleased to hear that Treasury Secretary Scott Bessent has followed through on the president’s directive to dismantle the disastrous OECD agreements that put America last and allow foreign countries to target U.S. job creators for their own treasuries’ gains,” said Rep. Estes. “The Trump administration made clear from day one that it will defend American interests in any global tax negotiations. Delivery of the Treasury report directly to the White House is a positive step in confirming that the U.S. is not going to cede our tax authority or our tax revenues. Ways and Means Chairman Smith has already introduced legislation to assist in this process, and I look forward to introducing a bill soon as well.”
     
    Background:
    For years Rep. Estes has been sounding the alarm and pushing back against the OECD’s global tax scheme. In January, Rep. Estes praised President Trump’s executive actions rejecting the OECD tax deal. On that same day, he also joined Ways and Means Chairman Jason Smith (R-Missouri) in introducing the Defending American Jobs and Investment Act. Earlier that month he published an op-ed in London’s Telegraph outlining U.S. opposition to the OECD deal. He previously published an op-ed with MP Priti Patel on the OECD Pillar Two tax scheme, led a letter to Treasury demanding accountability and traveled with Ways and Means colleague to Germany and France to discuss Pillar Two with European leaders. He also introduced legislation to impose reciprocal taxes on countries that use the OECD deal to impose unfair taxes on U.S. business and raid the U.S. tax base. Earlier, he penned an op-ed in The Hill outlining the concerns with the OECD deal and published a Bloomberg op-ed with Rep. Randy Feenstra (R-Iowa) highlighting how the OECD tax deal would harm the United States.

    MIL OSI USA News –

  • MIL-OSI: Offentliggørelse af prospekter, Investeringsforeningen Wealth Invest

    Source: GlobeNewswire (MIL-OSI)

    Hermed offentliggøres opdaterede prospekter for Secure Spectrum-afdelingerne og HP Invest-afdelingerne i Investeringsforeningen Wealth Invest.

    Secure Spectrum-prospektet er blevet opdateret som følge af, at afdeling Allspring Small Cap Aktier pr. dags dato har skiftet porteføljeforvalter til WCM Investment Management, LLC.

    HP Invest-prospektet er blevet opdateret som følge af, at HP Invest Danske Obligationer Akk. – KL har fået ændret sin investeringsprofil, således, at den korrigerede varighed af afdelingens samlede portefølje fremadrettet ikke må overstige 6.

    Begge prospekter er ligeledes blevet opdateret med nøgletal for 2024, budgetterede administrationsomkostninger for 2025 samt estimerede løbende omkostninger og samlede transaktionsomkostninger for 2025 mv. 

    Prospekterne er vedhæftet denne meddelelse og kan ligeledes tilgås via Foreningens hjemmeside.

    For eventuelle spørgsmål kontakt Lise Bøgelund Jensen, direktør i foreningens investeringsforvaltningsselskab, på telefon 33 28 28 28.

    Med venlig hilsen 

    Investeringsforeningen Wealth Invest

    Attachments

    The MIL Network –

  • MIL-OSI: Diversified Energy Demonstrates Innovation, Collaboration, and Responsibility in 2024 Sustainability Report

    Source: GlobeNewswire (MIL-OSI)

    Methane intensity improves by ~13%, a 56% reduction since 2020

    Improved personal safety performance across the Company, including a 30% reduction in TRIR from 2023

    Activities contributed $1 Billion to state GDPs for a third consecutive year

    BIRMINGHAM, Ala., April 03, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) (“Diversified,” “DEC,” or the “Company”) is proud to release its sixth annual Sustainability Report, Winning Through Collaboration, highlighting the Company’s sustainability actions and achievements in 2024. As the champion of the strategy of managing proved, developed, producing (PDP) assets, Diversified is the only publicly traded company dedicated to this approach, leveraging operational scale, vertical integration, and a proprietary technology platform to drive efficiency and long-term value.

    With Diversified’s Smarter Asset Management approach to asset stewardship, combined with the inherent benefits of natural gas, the Company is well-positioned to meet modern energy challenges while delivering the reliable, lower-carbon energy needed to balance growing demand with innovation in energy supply. The report details Diversified’s continued progress in advancing operational excellence, reducing environmental impacts, and enhancing employee safety. Key highlights include:

    Protecting Our Environment

    • Reduced methane intensity by ~13% year-over-year to 0.7 MT CO2e per MMcfe; a 56% reduction as compared to 2020 baseline (1.6 MT CO2e per MMcfe)
    • 459 pneumatic devices and pumps were eliminated or converted to non-emitting through the work of DEC’s Pneumatics Task Force and individual field teams
    • Conducted 152,000 voluntary emission detection surveys; maintaining a ~98% no-leak rate company-wide on surveyed assets
    • Achieved a third consecutive year of Oil and Gas Methane Partnership 2.0 (OGMP) Gold Standard

    Supporting Our Employees

    • Improved personal safety performance with a 30% reduction in TRIR while simultaneously realizing a 52% reduction in contractors with a high TRIR score
    • Our 2024 motor vehicle incident rate was 0.34 incidents per miles driven, a 38% decrease from 2023 even as we increased our total number of miles driven by nearly 11%
    • Introduced new employee physical and mental wellness programs

    Serving Our Communities

    • Contributed over $1 billion of economic impact to state GDPs through employment and operations for a third consecutive year
    • Strengthened community outreach efforts to include $2.1 million in community contributions, grants and support programs
      • More than 25% of community outreach was distributed to socio-economically disadvantaged geographic regions

    Commenting on the report, CEO Rusty Hutson, Jr. said:

    “Diversified Energy remains committed to delivering reliable, affordable, and sustainable energy. In 2024, our OneDEC culture flourished, empowering our employees to drive innovation, collaborate, and share knowledge, turning ideas into real solutions. Our Sustainability Report highlights our focus on responsible operations, from reducing emissions to safely retiring wells, all while supporting communities and local economies. As the publicly traded PDP Champion, executing the differentiated strategy focused on improving currently producing assets, we are proud to be the Right Company at the Right Time, providing critically needed energy while leading the way in sustainability.”

    View the 2024 Sustainability Report online at div.energy/sustainability/

    For further information, please contact:

    Diversified Energy Company PLC  
    Doug Kris +1 973 856 2757
    Senior Vice President, Investor Relations & Corporate Communications dkris@dgoc.com

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    The MIL Network –

  • MIL-OSI: Completion of Share Buyback Programme

    Source: GlobeNewswire (MIL-OSI)

    LEI: 213800NNT42FFIZB1T09 
    03 April 2025

    Transaction in Own Shares

    Foresight Group Holdings Limited (“Foresight”, the “Group”), a leading investment manager in real assets and providing capital for growth, announces that, in accordance with the terms of its share buyback programme announced on 27 October 2023, and extended on 27 June 2024, 09 December 2024 and further extended on 28 February 2025 (the “Share Buyback”), the Group purchased the following number of its ordinary shares of £nil par value (“Ordinary Shares”) each through Numis Securities Limited (which is trading for these purposes as Deutsche Numis) (“Deutsche Numis”).

    Date of purchase: 02 April 2025
    Aggregate number of Ordinary Shares purchased: 11,820
    Lowest price paid per share (GBp): 341.00
    Highest price paid per share (GBp): 351.00
    Volume weighted average price paid per share (GBp): 345.71

    Once settled, the purchased shares will be held by the Group in treasury, which means they will have no voting rights while they are held in treasury. This purchase successfully completes the Buyback Programme of up to £17 million initially announced on 27 October 2023. Including the above purchase, the total shares purchased under the Buyback Programme amounts to 3,993,735. To date, 1,391,739 shares have been transferred out of treasury.

    As a result, the Group’s total voting rights will be 113,745,807 while the Group’s issued ordinary share capital is 116,347,803 of which 2,601,996 continue to be held in treasury. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in the Group under the FCA’s Disclosure Guidance and Transparency Rules.

    In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Deutsche Numis as part of the Share Buyback.

    Aggregate information:

    Venue Volume-weighted average price
    (pence per share)    		 Aggregated volume
    LSE 345.71 11,820

    Individual information:

    Number of ordinary shares purchased Transaction price
    (GBp share)    		 Time of transaction (UK Time) Trading venue
    400 345.50  09:04:03 XLON
    496 345.50  09:04:03 XLON
    567 345.50  09:04:03 XLON
    1014 344.00  09:33:15 XLON
    475 344.00  09:33:15 XLON
    259 346.00  11:09:56 XLON
    260 345.50  11:13:29 XLON
    1200 345.50  11:13:29 XLON
    320 344.00  12:41:38 XLON
    175 344.00  12:41:38 XLON
    171 344.00  12:41:38 XLON
    729 343.00  13:06:09 XLON
    598 343.00  13:06:09 XLON
    487 342.50  13:39:58 XLON
    329 342.50  13:39:58 XLON
    24 342.50  13:39:58 XLON
    925 341.00  14:26:51 XLON
    168 351.00  16:01:52 XLON
    8 351.00  16:01:52 XLON
    556 351.00  16:01:52 XLON
    791 350.00  16:01:53 XLON
    129 350.00  16:05:12 XLON
    810 350.00  16:05:12 XLON
    238 349.50  16:05:40 XLON
    600 349.50  16:05:40 XLON
    21 345.71  16:07:49 XLON
    70 351.00  16:12:42 XLON

    For further information please contact:

    Foresight Group Investors
    Liz Scorer / Ben McGrory
    +44 (0) 7966 966956 / +44 (0) 7443 821577
    ir@foresightgroup.eu

    Deutsche Numis
    Charles Farquhar / Rajesh Iyer
    +44 (0) 207 260 1000 

    H-Advisors Maitland
    Sam Cartwright / Audrey Da Costa
    +44 (0) 782 725 4561 / +44 (0) 781 710 5562
    Foresight@h-advisors.global

    About Foresight Group Holdings Limited

    Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across the UK, Europe, and Australia.

    With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

    A constituent of the FTSE 250 index, Foresight’s diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors. Its wide range of private and public funds is complemented with a variety of investment solutions designed for the retail market.

    Foresight is united by a shared commitment to build a sustainable future and grow thriving companies and economies.

    Visit https://foresight.group for more information.

    Follow us on LinkedIn for key updates. 

    The MIL Network –

  • MIL-OSI Asia-Pac: Radiology reports available on app

    Source: Hong Kong Information Services

    The Health Bureau announced today that users can now view radiology reports saved into their eHealth accounts by the Hospital Authority, the Department of Health and private healthcare providers (HCPs) through the eHealth app.

    In general, users can view the reports through the “Investigations” function on the app 14 days after the reports are released. The app’s information centre will also issue notifications.

    The bureau stressed that the new function allows citizens to access their own radiology reports anytime, eliminating the inconvenience of storing paper reports and saving costs on redundant tests. This also facilitates authorised HCPs in conducting analysis and comparison, thereby providing a seamless and personalised care journey for citizens.

    To enable the building of comprehensive electronic health records, the bureau advised patients that when selecting private HCPs for examinations they should first enquire as to whether the HCPs can store examination records into their personal eHealth accounts.

    Currently, all public HCPs, and over 115 private HCPs, involving more than 550 service locations in total, are technically ready. If patients have given “sharing consent” to private HCPs, their radiology reports can then be kept in their eHealth accounts for access by themselves and by authorised healthcare professionals.

    As of the end of February, 40 private HCPs have deposited radiology reports into the eHealth accounts of over 3.1 million citizens after obtaining their authorisation.

    MIL OSI Asia Pacific News –

  • MIL-OSI: DNO Releases 2024 Annual Report and Accounts

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 3 April 2025 – DNO ASA, the Norwegian oil and gas operator, today released its 2024 Annual Report and Accounts together with its Remuneration Report and Annual Statement of Reserves and Resources.

    The reports are attached as downloadable files and also available on the Company’s website www.dno.no.

    –

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    –

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands and Yemen. More information is available at www.dno.no

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

    Attachments

    The MIL Network –

  • MIL-OSI: Tyton Partners and Ufi Ventures Release 2025 Annual VocTech Market Report: Policy Inflection, Skills Gaps, and AI Transformations Define the Future of Workforce Development

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 03, 2025 (GLOBE NEWSWIRE) — Tyton Partners, the leading strategy consultancy and investment advisor in global education, and Ufi Ventures, the UK’s specialist investor in vocational technology, have published their fifth annual report on the future of workforce development, The Jobs Frontier 2025.

    The report reflects on a year marked by political upheaval, economic uncertainty, and rapid technological change. It also explores how these trends are shaping investment priorities and public-private responses across the UK and globally, with a strategic review of the implications of 2024 alongside scenarios for the remainder of 2025.

    Key takeaways from the 2025 report include:

    • Macroeconomic uncertainty, demographic change, and technological acceleration are reshaping the UK workforce.
    • Labour shortages remain acute, particularly in the green economy, education, health and social care, and tech.
    • The new US administration’s policies have introduced considerable uncertainty and are shifting spending priorities – and perhaps jobs and skills requirements – across Europe.
    • Investment in VocTech has rebounded in the UK but remains cautious globally.
    • AI and automation are changing the dynamics of employment and workforce development.
    • Public-private partnerships are emerging as essential to addressing systemic workforce challenges.

    Nick Kind, Managing Director at Tyton Partners, said:
    “We are entering a decisive period for workforce transformation. The choices made by government, employers and investors over the next 12 months will determine whether we bridge critical skills gaps or entrench inequality further. This report is designed to inform those decisions.”

    Helen Gironi, Director of Ufi Ventures, added:
    “This year’s analysis reinforces the case for targeted investment where business needs and social value align. The VocTech ecosystem has a vital role to play in enabling access to skills and opportunity—particularly for those who have historically been underserved by mainstream education and training systems. As the UK confronts economic and environmental transition, those solutions will only become more essential.”

    The report also highlights growing momentum behind new public-private partnerships and a renewed policy focus on adult education, apprenticeships and regional skills development, as well as areas where further action is urgently needed.

    Read The Jobs Frontier 2025 here.

    About Tyton Partners
    Tyton Partners is the leading provider of strategy consulting and investment banking services to the global knowledge and information services sector. With offices in Boston and New York City, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy development that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and an unparalleled level of global relationships to make its clients’ aspirations a reality and to catalyze innovation in the sector. Learn more at tytonpartners.com.

    About Ufi Ventures

    Ufi Ventures is the investment arm of Ufi VocTech Trust, investing in early-stage EdTech companies building digital technologies to deliver the skills needed for work, now and in the future. We focus on early-stage companies with an ambition to use technology to make a positive and scalable impact on skills development for adults. Learn more at ufi.co.uk/ventures.

    The MIL Network –

  • MIL-OSI USA: Huizenga, Sherman, Steil, and Auchincloss Introduce Bipartisan Improving Disclosure for Investors Act

    Source: United States House of Representatives – Congressman Bill Huizenga (MI-02)

    On Friday, Congressman Bill Huizenga (R-MI), Vice Chairman of the House Committee on Financial Services, announced the introduction of the Improving Disclosure for Investors Act. This bipartisan bill was introduced with Congressman Brad Sherman (D-CA), Congressman Bryan Steil (R-WI), and Congressman Jake Auchincloss (D-MA). The Improving Disclosure for Investors Act directs the Securities and Exchange Commission (SEC) to engage in rulemaking that would allow registered investment companies to satisfy their obligation to deliver regulatory documents to investors under the federal securities laws using electronic means.

    After introducing this bipartisan legislation, Congressman Huizenga released the following statement:

    “The Improving Disclosure for Investors Act is designed to modernize disclosure requirements, building on President Trump’s efforts to make our financial system more efficient and inclusive” said Congressman Huizenga. “Continuing to send customers paper disclosure notices is not only wasteful but fails to acknowledge that digital communications are safer and more effective in reaching all Americans. I look forward to working with my colleagues in the House as well as the Securities and Exchange Commission to finally make this a reality.”

    Background

    The SEC currently permits electronic delivery of certain documents under the federal securities laws, subject to requirements that a registrant provide notice that the information is available electronically, the investor has effective access to such information, and the registrant either obtains evidence to show actual delivery or obtains informed consent from the investor (“opt-in” requirement). The SEC has not comprehensively updated this framework in over 20 years.

    In 2023, the SEC announced a proposal that would require electronic submissions for nearly all forms, filings, and other materials. The proposal further highlights the need for a more digitalized reporting ecosystem.

    In the 118th Congress, the House of Representatives, overwhelming passed the Improving Disclosure for Investors Act with a vote of 269-153.

    MIL OSI USA News –

  • MIL-Evening Report: What Donald Trump’s dramatic US trade war means for global climate action

    Source: The Conversation (Au and NZ) – By Rakesh Gupta, Associate Professor of Accounting & Finance, Charles Darwin University

    US President Donald Trump’s new trade war will not only send shockwaves through the global economy – it also upsets efforts to tackle the urgent issue of climate change.

    Trump has announced a minimum 10% tariff to be slapped on all exports to the United States. A 34% duty applies to imports from China and a 20% rate to products from the European Union. Australia has been hit with the minimum 10% tariff.

    The move has prompted fears of a global economic slowdown. This might seem like a positive for the climate, because greenhouse gas emissions are closely tied to economic growth.

    However, in the long term, the trade war is bad news for global efforts to cut emissions. It is likely to lead to more energy-intensive goods produced in the US, and dampen international investment in renewable energy projects.

    How does global trade affect emissions?

    Traditionally, growth in the global economy leads to greater emissions from sources such as energy use in both manufacturing and transport. Conversely, emissions tend to fall in periods of economic decline.

    Trade tensions damage the global economy. This was borne out in the tariff war between the US and China, the world’s two largest economies, in 2018 and 2019.

    Trump, in his first presidential term, imposed tariffs on billions of dollars worth of imports from China. In response, China introduced or increased tariffs on thousands of items from the US.

    As a result, the International Monetary Fund estimated global gross domestic product (GDP) would fall by 0.8% in 2020. The extent of its true impact on GDP is difficult to determine due to the onset of COVID in the same year.

    However, Trump’s tariff war is far broader this time around, and we can expect broadscale damage to global GDP.

    In the short-term, any decline is likely to have a positive impact on emissions reduction. We saw this effect during the COVID-19 pandemic, when global production and trade fell.

    But unfortunately, this effect won’t last forever.

    Domestic production isn’t always a good thing

    Every country consumes goods. And according to Trump’s trade plan, which aims to revive the US manufacturing base, the goods his nation requires will be produced domestically rather than being imported.

    Unfortunately, this US production is likely to be inefficient in many cases. A central tenet of global trade is that nations focus on making goods where they have a competitive advantage – in other words, where they can manufacture the item more cheaply than other nations can. That includes making them using less energy, or creating fewer carbon emissions.

    If the US insists on manufacturing everything it needs domestically, we can expect many of those goods to be more emissions-intensive than if they were imported.

    Renewable energy slowdown?

    Globally, investment in renewable energy has been growing. The US trade war jeopardises this growth.

    Renewable energy spending is, in many cases, a long-term investment which may not produce an immediate economic reward. The logic is obvious: if we don’t invest in reducing emissions now, the economic costs in the future will be far worse.

    However, the US tariffs create a new political imperative. Already, there are fears it may trigger a global economic recession and increase living costs around the world.

    National governments are likely to become focused on protecting their own populace from these financial pressures. Business and industry will also become nervous about global economic conditions.

    And the result? Both governments and the private sector may shy away from investments in renewable energy and other clean technologies, in favour of more immediate financial concerns.

    The COVID experience provides a cautionary tale. The unstable economic outlook and higher interest rates meant banks were more cautious about financing some renewable energy projects.

    And according to the International Energy Agency, small to medium-sized businesses became more reluctant to invest in renewable energy applications such as heat pumps and solar panels.

    What’s more, the slowing in global trade during the pandemic meant the supply of components and materials vital to the energy transition was disrupted.

    There are fears this disruption may be repeated following the US tariff move. For example, the duty on solar products from China to the US is expected to rise to 60%, just as demand for solar energy increases from US data centres and artificial intelligence use.

    Few nations can afford to impose retaliatory tariffs on the US imports.

    Australian Prime Minister Anthony Albanese, for example, says this nation will not slap new duties on US imports, saying: “We will not join a race to the bottom that leads to higher prices and slower growth”.

    China, however, can be expected to return fire. Already it has halted imports of liquefied natural gas (LNG) from the US for 40 days – a move attributed to trade tensions.

    This may seem like good news for emissions reduction. However, China, like all other nations, needs energy. With less gas from the US, it may resort to burning more coal – which generates more CO₂ when burnt than gas.

    Prime Minister Anthony Albanese responds to Trump’s tariff announcement.

    An uncertain time

    Free global trade has worldwide benefits. It helps reduce poverty and stimulates innovation and technology. It can improve democracy and individual freedoms.

    And, with the right safeguards in place, global trade can help drive the clean energy transition. Global trade improves efficiency and innovation and technology. This is likely to benefit innovation in clean energy and energy efficiency.

    Trump’s tariff war weakens global trade, and will slow the world’s progress towards decarbonisation. It is a most uncertain time – both for the world’s economy, and its climate.

    Rakesh Gupta 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. What Donald Trump’s dramatic US trade war means for global climate action – https://theconversation.com/what-donald-trumps-dramatic-us-trade-war-means-for-global-climate-action-253740

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Security: Grand Jury Returns Indictment

    Source: Office of United States Attorneys

    MADISON, WIS. – A federal grand jury in the Western District of Wisconsin, sitting in Madison, returned the following indictment today. You are advised that a charge is merely an accusation and a person named as defendant in an indictment is presumed innocent unless and until proven guilty.

    Madison Man Charged With Distributing Methamphetamine

    Rumont Kirkpatrick, 47, Madison, Wisconsin, is charged with distributing methamphetamine. The indictment alleges that on January 9, 2024, Kirkpatrick distributed 500 grams or more of methamphetamine. 

    If convicted, Kirkpatrick faces a mandatory minimum penalty of 10 years and a maximum penalty of life in prison.

    The charge against him is the result of an investigation conducted by the U.S. Drug Enforcement Administration, Wisconsin Department of Justice Division of Criminal Investigation, and the United States Postal Inspection Service. Assistant U.S. Attorneys Chad Elgersma and Louis Glinzak are handling the case.

    MIL Security OSI –

  • MIL-OSI China: Experts explore global pathways for Chinese science fiction

    Source: China State Council Information Office 3

    Francesco Verso delivers a keynote speech at an international forum during the 2025 China Science Fiction Convention in Beijing, March 30, 2025. [Photo courtesy of the Beijing Yuanyu Science Fiction and Future Technology Research Institute]

    Writers, experts and insiders expressed optimism about the future of Chinese science fiction and discussed its current state and global expansion at a forum during the 2025 China Science Fiction Convention (CSFC 2025) in Beijing on Sunday.

    Francesco Verso, an Italian sci-fi writer and publisher of 13 books of Chinese science fiction, has attended numerous conventions across Italy, Europe and around the world. “After the phenomenal WorldCon in Chengdu and the worldwide success of ‘The Three-Body Problem’ by Liu Cixin, I can confidently say that Chinese sci-fi is here to stay,” he said. 

    “And for a very good reason: People read Chinese science fiction, and they love it,” Verso added. “I’ve published, and I can assure you – Chinese sci-fi is among the most appreciated works.”

    Just last year, “The Three-Body Problem” ranked fourth among the top 10 best-selling books in Italy. “For a science fiction novel, that is an extraordinary achievement,” he said, while also revealing his plans to publish a novel by Wang Jinkang this year, translated by Francesca Bistocchi.

    “And to all of you – authors, readers, experts, translators and producers – you are one of the most exciting and transformative forces in global science fiction today,” Verso said. “Keep writing excellent stories and I will be there, ready to translate, publish and promote them.”

    Mitchell Farkas, an American television producer, writer and director, introduced his documentary series “Flash Forward” that was broadcast on China Central Television (CCTV), which examines global challenges and how China is planning to meet them. 

    “If science fiction is all about exploring what could happen with our world, it also pushes limits and gives us a glimpse of what’s possible. After all, as humans, we’re natural storytellers – we make sense of the world through stories,” Farkas said in a keynote speech about finding inspiration for Chinese sci-fi.

    Liang Gaoyan, a lecturer from Shanxi University of Finance and Economics, shared the findings of her research into international translations of Liu Cixin’s 37 novels created over 35 years. The most notable remains Liu’s “Three-Body” trilogy, which has sold 40 million copies worldwide.

    Liang noted that the translation and overseas publication of Chinese sci-fi started late and still lacks high-quality translators. However, as sci-fi literature has boomed in recent years, the speed of translation and publication has quickened, while there is plenty of content awaiting translation. “We should inspire more sci-fi writers to create and improve overall literary quality, nurture more skilled translators and international copyright agents, making Chinese sci-fi visible and significant in world literature,” she said.

    Writers and experts take part in panel discussions on overseas growth and exchanges of Chinese sci-fi at an international forum during the 2025 China Science Fiction Convention in Beijing, March 30, 2025. [Photo courtesy of the Beijing Yuanyu Science Fiction and Future Technology Research Institute]

    Chinese sci-fi writer Bao Shu analyzed three key themes at the forum – the appeal of Chinese culture, contemporary Chinese narratives and current opportunities and challenges. He illustrated his points with photographs of translated Chinese sci-fi books collected during his overseas travels.

    Sci-fi writer Jiang Bo stressed that Chinese writers should concentrate first on creating quality works and gaining recognition from domestic readers before considering overseas expansion. He advocated prioritizing English translations and markets, which would then drive translations in minor languages, and expressed confidence that China’s growing national strength and international sci-fi partners would help elevate Chinese sci-fi on the global stage.

    “The Western view of the future has actually occupied our imagination. But this occupation does not reflect the diversity of the many possible futures,” Francesco Verso said. “I came across Chinese science fiction, which is one of the most interesting phenomenon in science fiction worldwide. But there is no big difference in the themes because we are all humans, we all share the same hopes and anxieties as we see problems in the same future. It’s important to acknowledge that there is no one single solution for everyone.”

    MIL OSI China News –

  • MIL-OSI USA: Hagerty Announces Staff Changes, Promotions, Trump Admin Appointments

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—United States Senator Bill Hagerty (R-TN) today announced 22 additions and changes to his staff over the last year, as well as 14 of his staff appointed to serve in the Trump Administration. 

    “I’m pleased to welcome several additions to my staff and announce well-deserved promotions for others,” said Senator Hagerty. “I’m confident that my exceptional team will soar to even greater heights with new expertise and experience. At the same time, I’m deeply proud of my close advisors and alumni who have been appointed to serve in the Trump Administration. I look forward to all we will accomplish in the coming years together.”

    Lucas Da Pieve is now serving as Legislative Director. Da Pieve has served as the Deputy Legislative Director and Projects Manager, handling all budgetary and appropriations matters for Senator Hagerty, since 2021. Previously, he was the Director of Digital Response in the Office of Presidential Correspondence during the first Trump Administration and as Deputy Legislative Director and Projects Manager for Senator Lamar Alexander (R-TN). He is a graduate of the University of Tennessee, Knoxville. Da Pieve is originally from Buenos Aires, Argentina, and his family has lived in Blount County since 2008.

    Nate Kinard will serve as General Counsel to Senator Hagerty, and advise the Senator regarding judicial nominations, constitutional matters, and artificial intelligence. Previously, Kinard was a shareholder at Chambliss, Bahner & Stophel, specializing in business litigation and appeals. Kinard received his law degree summa cum laude from William & Mary Law School. A native of Chattanooga, Kinard majored in Political Science and Piano Performance at Vanderbilt University.

    Sloan McDonagh is now serving as Policy Advisor and Senior Counsel in Senator Hagerty’s Washington, DC office. McDonagh previously served as Senior Counsel to the House Committee on Oversight and Government Reform. He is a graduate of Hillsdale College and Emory University School of Law.  

    Christy Charbonnet is now serving as Scheduler for Senator Hagerty’s Washington, DC office. She holds a bachelor’s degree from the College of Charleston in Systems Engineering and has been with the Senator since the fall of 2023.

    Emma Morris will serve as Deputy Director of Operations and Scheduling for Hagerty. Morris previously served as the Senator’s Deputy Scheduler. She graduated from Auburn University with a B.A. in Political Science. She is originally from Chattanooga, Tennessee. 

    John DiGravio is now serving as Legislative Assistant to Senator Hagerty, advising him on the Banking Committee portfolio. He previously served as Legislative Aide to the Senator and as an aide to the Senate Banking Committee. DiGravio holds a B.A. from Williams College and was raised in Austin, Texas.

    Luke Harris has been named Legislative Assistant to Hagerty assisting in the Agriculture, Energy, and Transportation portfolio. Harris is a graduate of Middle Tennessee State University where he received both his bachelor’s and master’s degrees.

    JT Isaacs has been named Legislative Assistant to manage all general budget and appropriations matters for Hagerty. He also manages the Healthcare, Education, Labor, Pensions, and Veterans’ Affairs portfolio. He previously served as Legislative Aide for Hagerty. Isaacs received a Bachelor of Science in Economics degree from the University of Kentucky.

    Matthew Venoit will serve as Policy Advisor to Senator Hagerty. Prior to the Senate, Venoit worked at Goldman Sachs in both New York and Hong Kong. He holds a B.S. from Penn State University and graduate degrees from KU Leuven and Georgetown University.

    Jillian Cantrell is now serving as Legislative Aide to Hagerty assisting in the Healthcare, Education, Labor, Pensions, and Veterans’ Affairs portfolio. Cantrell previously served as Legislative Correspondent and Staff Assistant. She is a graduate of Washington and Lee University, where she received Bachelor of Arts degrees in both Biology and Politics. She is a native of Chattanooga, Tennessee.

    Cole Bornefeld is now serving as a Legislative Aide to Hagerty, assisting in the Judiciary, Homeland Security, and Rules portfolio. Bornefeld previously served as a Legislative Correspondent in Hagerty’s Office. He graduated from Western Kentucky University with a bachelor’s degree in political science and public relations. He is a native of Hendersonville, Tennessee.

    Melissa Stooksbury has been serving as Deputy State Director since February 2024 based in the Nashville, Tennessee office. Prior to this role, she served in the office of Congressman Tom Cole, most recently as Communications Director. Stooksbury was born and raised in Knoxville, Tennessee and graduated from the University of Tennessee, Knoxville with a bachelor’s degree in Political Science.

    Ethan Finley now serves as a Legislative Correspondent to Senator Hagerty within the Banking Committee Portfolio. Finley previously worked as a field organizer for Tim Sheehy’s 2024 Senate Campaign. Before that, he worked as an Investment Banking Analyst at Evercore. Finley also has experience as an analyst in private equity and wealth management. He graduated from Columbia University with a bachelor’s degree in Financial Economics.

    Zach Brooks currently serves as the Southeast Tennessee Field Representative for Senator Hagerty, a role he has held since April 2024. Before his tenure with Senator Hagerty’s office, Brooks was the Investor Development Director at the Cleveland/Bradley County Chamber of Commerce, focusing on membership growth and community engagement. Born and raised in Cleveland, Tennessee, Brooks graduated from Cleveland High School in 2010. He pursued higher education at Lee University, earning a bachelor’s degree in 2014 and a Master of Business Administration in 2019.

    Gabby Gardner serves as the Nashville Field Representative for Senator Hagerty, where she works closely with community leaders, elected officials, and industry stakeholders across Middle Tennessee. Prior to this role, she served as a Clerk in the Tennessee House of Representatives. Gardner is a proud graduate of the University of Tennessee, Knoxville, where she earned a bachelor’s degree in Political Science.

    Ford Hawkins is now serving as the Jackson, Tennessee Field Representative. He previously served with the Young Republicans before joining Olin/Winchester Ammunition, where he worked as a ballistician before joining Hagerty’s office. Hawkins is a West Tennessee native, and he attended the University of Mississippi, holding a bachelor’s degree in History.

    Jonathan White is now serving as the West Tennessee Field Representative. After graduating high school, White served four years active in the U.S. Navy before graduating with his bachelor’s degree in political science from the University of Mississippi. He has also worked for the American Legion and interned for the Northern District of Mississippi U.S. Attorney’s Office.


    Jake Netterville     is now serving as Personal Aide to Senator Hagerty in the Washington, DC office. Netterville recently graduated with a bachelor’s degree in accounting from Louisiana State University and is a native of Baton Rouge, Louisiana. Prior to joining Senator Hagerty’s office, Netterville worked as a federal analyst at The Picard Group. 

    Cecilia Ann Hutton is now serving as a Staff Assistant in Senator Hagerty’s Washington, DC office. She recently graduated from the University of Tennessee, Knoxville with a bachelor’s degree in Political Science and History.

    Steven Behringer is now serving as a DoD fellow for Senator Hagerty. Behringer is an active-duty Marine who is fluent in both Mandarin and Korean, and has extensive experience evaluating military and cyber threats in the INDOPACOM region. He is a native of Baltimore, Maryland.

    Blake McMahon is now serving as a National Security Fellow for Senator Hagerty. McMahon has held a variety of Executive Branch roles related to aerospace, defense, and intelligence issues. He received a PhD from the University of California, San Diego and a bachelor’s degree from Oklahoma State.

    James Santos is serving as a National Security Fellow. Santos comes from the Office of Director of National Intelligence, where he worked on a range of national security issues, covering policy development and program management matters. He graduated from Michigan State University, and holds a Master’s degree in Accounting. He was born in Manila, Philippines and hails from Grand Rapids, Michigan.  

    Serving in the Trump Administration

    Adam Telle is nominated to lead the U.S. Army Corps of Engineers as Assistant Secretary of the Army for Civil Works. Telle has served as Hagerty’s Chief of Staff over the last four years and will continue to serve Hagerty while his nomination is pending before the Senate. Telle served during the first Trump Administration as the White House’s Senate lead in its Office of Legislative Affairs.  Prior to that role, Telle served as the top staff member on the Senate Appropriations Committee’s Subcommittee on Homeland Security and as the top policy advisor to the late Senator Thad Cochran. Telle holds degrees in computer science and journalism from Mississippi State University.

    Luke Pettit is nominated to be Assistant Secretary of the Treasury for Financial Institutions. Pettit has served as Senator Hagerty’s Senior Policy Advisor and will continue to serve Hagerty while his nomination is pending before the Senate. Previously, he worked at the Senate Banking Committee, Bridgewater Associates, and the Federal Reserve. Luke holds a B.A from the University of Pennsylvania, and graduate degrees from the London School of Economics and Johns Hopkins University.

    Daniel Zimmerman has been nominated to be Assistant Secretary of Defense for International Security Affairs. Zimmerman currently serves in a Congressional Executive Fellowship in the office of Senator Hagerty and will continue to serve Hagerty while his nomination is pending before the Senate. He previously has held many roles in the agency realm, and holds both a bachelor’s degree from Asbury University and a master’s degree from the University of Kentucky.

    Julia Hahn is serving as the Assistant Secretary of the Treasury Department for the Office of Public Affairs. Hahn joins the Department after serving as Deputy Chief of Staff for Communications for Senator Hagerty. Prior to the Senate, Hahn served in the first Trump White House over all four years, most recently as Deputy Assistant to the President and Deputy White House Communications Director. Before that, she served as Special Assistant to the President and Director of Rapid Response and Surrogate Operations. Hahn has also worked in media as the Executive Producer of The Laura Ingraham Show and a reporter at Breitbart News. She also worked on Capitol Hill as Press Secretary to former Congressman Dave Brat. Hahn graduated from the University of Chicago with a BA in Philosophy.

    Clark Milner is serving as Special Assistant to the President and Senior Advisor for Policy, focusing primarily on domestic policy. Milner formerly served as Deputy Chief of Staff for Policy and Chief Counsel to Senator Bill Hagerty. Milner previously served as Deputy Counsel to Governor Bill Lee.

    Natalie McIntyre currently serves a Special Assistant to the President for the Office of Legislative Affairs where she handles the Healthcare, Education, Labor, Banking, and Agriculture portfolio. Previously, she was Senator Hagerty’s Legislative Director overseeing the legislative team and managing the Health, Education, Labor, Pension, and Veterans portfolio. Prior to her role in Hagerty’s office, she was part of the legislative office at OMB where she managed the Senate offices. She also served as a Senior Policy Advisor and White House liaison at ONDCP.

    Nels Nordquist     is serving as Deputy Assistant to the President for International Economic Policy and DD of NEC.Nordquist was Senior Fellow for Economic Policy in the office of Senator Hagerty. From October 2022 through January 2025, he served as Staff Director for the National Security, Illicit Finance, and International Financial Institutions Subcommittee of the House Financial Services Committee. From 2018-2021, Nordquist worked in the National Security Council and National Economic Council, first as Director for Trade & Investment and later as Special Assistant to the President and Senior Director for International Economic Policy. Nordquist graduated from Stanford and earned an MBA from the University of Virginia.

    Joel Rayburn is the Trump Administration’s nominee to be Assistant Secretary of State for Near Eastern Affairs. He is a historian, former diplomat, and retired military officer who previously served as special advisor for Middle East affairs in the office of Senator Hagerty. Rayburn is currently a senior fellow at the Hudson Institute. In the first Trump Administration, he served as a senior director on the National Security Council staff and, from July 2018 to January 2021, as the U.S. special envoy for Syria. Before joining the State Department, Rayburn served 26 years as a US Army officer and co-authored the Army’s official history of the Iraq War. He holds an MA in history from Texas A&M University and an MS in strategic studies from the National War College.

    Kevin Kim is the State Department’s China Coordinator and the Deputy Assistant Secretary for China, Japan, Korea, Mongolia, and Taiwan. Prior to the State Department, Kim worked as a national security fellow for Senator Hagerty. Kim was also the Senior Advisor to the Special Presidential Envoy for Arms Control Marshall Billingslea as part of the U.S. delegation to the 2020 U.S.-Russia arms control negotiations.  From 2018 to 2020, he served as the Chief of Staff to the Special Representative for North Korea and the Deputy Secretary of state Stephen Biegun and participated in various rounds of U.S.-DPRK nuclear negotiations. Kim received a BA from the Johns Hopkins University, MA from the Johns Hopkins University School of Advanced International Studies, and is currently pursuing a Doctorate in International Relations from the Johns Hopkins University School of Advanced International Studies.

    Walton Stivender Mears has taken on a new role as scheduler for Housing and Urban Development Secretary Scott Turner. Mears joined HUD last month after serving as Director of Scheduling for Senator Hagerty. She previously handled scheduling and assisted the chief of staff for Sen. Roger Marshall (R-KS) and as a Staff Assistant for Senator Richard Shelby (R-AL). Mears is an Auburn University graduate from Birmingham, Alabama.

    J. Cal Mitchell is serving as the Special Assistant at the U.S. Department of Treasury. He joins the Treasury Department after serving as Personal Aide to Senator Hagerty. Mitchell is a native of Atlanta, Georgia and is a graduate of Hampden-Sydney College.

    Nick Checker, a national security fellow for Senator Hagerty in 2023, currently serves as Deputy Executive Secretary on the National Security Council. In that role, Checker provides senior-level review of NSC products for substance, policy relevance, and appropriateness for the President and senior White House officials. Checker has spent the last decade at the Central Intelligence Agency (CIA) as a military analyst covering conflicts in the greater Middle East. Most recently, Checker worked in CIA’s office of Congressional Affairs, where he supported the confirmation process for Director John Ratcliffe. He holds a bachelor’s degree in history and political science from the University of Wisconsin and a master’s degree in Security Studies from Georgetown University.

    Nicholas Elliot is the Acting Director of the Office of Legislative and Intergovernmental Affairs at the Commodity Futures Trading Commission. Elliot serves as the chief advisor to the CFTC Chairman on matters before the U.S. Congress and as the Commission’s official liaison with Congressional members, federal agencies, and the Administration. Previously, Elliot spent nearly four years working for Senator Hagerty on the Senator’s financial services and banking portfolio, where he advanced the Senator’s work on the Committee on Banking, Housing, and Urban Affairs. Elliot is a graduate of Georgetown University’s McDonough School of Business where he received a BS in Business Administration with a major in Finance and a minor in Mandarin.

    Taylor Asher serves as Chief Policy Advisor of the SEC’s Crypto Task Force and is a Senior Policy Advisor to SEC Acting Chairman Mark Uyeda. From April 2023 to January 2025, Asher served as Policy Advisor and Confidential Assistant to Commissioner Uyeda. Prior to his time at the SEC, Asher was Personal Aide to Senator Hagerty. His tenure in public service began with Congresswoman Julia Letlow’s Office, where he served as Staff Assistant and Intern Manager. Asher is currently pursuing a Master of Economics at George Mason University. He holds a Master of Finance with an Energy Specialization as well as a Bachelor of Science in Management from Tulane University. He is originally from Nashville, Tennessee.

    MIL OSI USA News –

  • MIL-OSI USA: McCaul, Barr, Moolenaar Reintroduce FIGHT China Act to Safeguard U.S. Investment from Fueling CCP Aggression

    Source: United States House of Representatives – Congressman Michael McCaul (10th District of Texas)

    WASHINGTON – Today, U.S. Congressman Michael McCaul (R-Texas), — chairman emeritus of the House Committee on Foreign Affairs — alongside Congressman Andy Barr (R-Ky.), and Chairman of the House Select Committee on the Strategic Competition between Chinese Communist Party John Moolenaar (R-Mich.) reintroduced bipartisan legislation to prevent American capital from financing the Chinese Communist Party’s military buildup, technological dominance, and human rights abuses.

    The Foreign Investment Guardrails to Help Thwart (FIGHT) China Act establishes a comprehensive outbound investment screening regime that protects the savings and retirement accounts of hardworking Americans. The bill creates targeted restrictions to ensure U.S. investors are not unwittingly financing the CCP’s military and surveillance capabilities. 

    “The Chinese Communist Party will stop at nothing to prop up its military and surveillance state. Today, my colleagues and I are taking a critical step to protect U.S. national security by ensuring the CCP cannot exploit U.S. capital as a tool to accomplish those malign efforts,” said Congressman McCaul. “This is a proud moment for America. I urge my colleagues to swiftly pass this bill, which will help the Trump administration continue to defend against the generational threat posed by Communist China.” 

    “The CCP is using American capital to fuel its military ambitions and undermine our security. Under President Trump, we took bold action to counter China, but the Biden Administration failed to keep pace,” said Congressman Barr. “Now, with President Trump back in the White House, I am reintroducing the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act to stop U.S. investments from strengthening our greatest adversary and ensure we put America’s interests first. I look forward to working with President Trump to sign this into law.” 

    “Reintroducing this legislation is a crucial step in stopping American investments from fueling China’s military buildup and technological ambitions. The CCP has long leveraged U.S. capital to advance its agenda, compromising our national security,” said Congressman Moolenaar. I’m proud of the bipartisan efforts that resulted in this legislation last year, and I look forward to building on this legislation alongside the Trump administration to make outbound investment restrictions law and protect our national security. We must halt the flow of American capital to the CCP and safeguard our future from foreign threats.”

    “As the ongoing threats from the Chinese Communist Party (CCP) continue, Congress is taking a significant step to safeguard American economic interests and protect national security,” said Speaker of the House Mike Johnson. “President Trump has made clear the past few decades of investments propping up Chinese aggression must come to an end. The introduction of the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act is an important step to protect our nation’s long-term investments, and we look forward to working with President Trump and his administration to uphold American leadership and maintain a strong, unified position against the CCP’s threats.” 

    Senator John Cornyn (R-Texas) has introduced companion legislation in the U.S. Senate.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Cantwell Statement on Major Trump Tariff Announcement

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.02.25

    Cantwell Statement on Major Trump Tariff Announcement

    Auto tariffs could increase car prices by up to $15,000 – the Port of Vancouver, WA is the largest importer of Subarus in the U.S.

    WASHINGTON, D.C. – Today, President Donald Trump announced a “National Economic Emergency,” and signed an executive order declaring a 10% minimum baseline tariff on all countries as well as additional tariffs on nearly 60 countries. The baseline tariff will go into effect April 5 and additional reciprocal tariffs will go into effect April 9. Also included in today’s announcement, Trump reiterated his intention to impose a 25% tariff on all imported automobiles starting at 12AM on April 3. U.S. Senator Maria Cantwell, ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, released the following statement:

    “As a representative of one of the most trade dependent economies in America, I disagree with President Trump’s tariffs. His announcement today will hurt sectors we care about: agriculture, manufacturing, and tech,” Sen. Cantwell said. “And ultimately, consumers will pay the price. It’s time for Congress to take action to counter the president’s trade war.”

    Trump’s reciprocal tariffs set to take effect April 9 include:

    • China – 34% 
    • EU – 20%  
    • Vietnam – 46% 
    • Taiwan – 32% 
    • Thailand –36% 
    • Indonesia – 32% 
    • Switzerland – 31% 
    • India – 26% 
    • South Korea – 25% 
    • Japan – 24% 
    • Malaysia – 24% 
    • Israel – 17%  
    • Cambodia – 49%

    In Washington state, two out of every five jobs are tied to trade and trade-related industries. 

    Today’s announcement is in addition to previous tariffs President Trump announced over the past few weeks, including on goods from Mexico, Canada, and China.  More information about how those tariffs will affect consumers and businesses in the State of Washington can be found HERE.  

    Those tariffs will also have significant impacts nationwide:

    • A 25% tariff on all Canadian and Mexican goods would add an estimated $144 billion a year to the cost of manufacturing in the United States.
    • Tariffs on Canada and Mexico could increase U.S. car prices by as much as $15,000.
    • According to the Yale Budget Lab, Trump’s proposed tariffs would result in the highest U.S. effective tariff rate in more than 80 years, and depending on the level of retaliation by other trading partners, will result in increased costs of between $1,600 and $2,000 per household. According to their analysis, food, clothing, cars, and electronics will all see above-average price increases.

    The tariffs could also impact West Coast ports that import automobiles, such as the Port of Vancouver, WA, which is the largest gateway for Subaru imports in the country. In 2023, 98,000 Subarus came through the Port of Vancouver.

    Last month, Sen. Cantwell joined the Washington Council of International Trade for a Q&A session on the whiplash caused by the administration’s chaotic tariff policies – and how they particularly harm the Pacific Northwest, which is among the most trade-dependent regions in the country. Sen. Cantwell said that the current administration’s approach to trade focuses on punitive tariffs, even with America’s largest trading partners and closest allies, as opposed to innovation and alliance-building. That ethos is fundamentally at odds with how the Pacific Northwest has historically built its trade-oriented economy.

    Sen. Cantwell has remained a steadfast supporter of increased trade to grow the economy and keep prices in check in the State of Washington and nationwide. Sen. Cantwell was the leading voice in negotiations to end India’s 20% retaliatory tariff on American apples, which was imposed in response to tariffs on steel and aluminum and devastated Washington state’s apple exports. India had once been the second-largest export market for American apples, but after President Trump imposed tariffs on steel and aluminum in his first term, India imposed retaliatory tariffs in response and U.S. apple exports plummeted. The impact on Washington apple growers was severe: Apple exports from the state dropped from $120 million in 2017 to less than $1 million by 2023.  In September 2023, following several years of Sen. Cantwell’s advocacy, India ended its retaliatory tariffs on apples and pulse crops which was welcome news to the state’s more than 1,400 apple growers and the 68,000-plus workers they support.

    For the past three months, President Trump has been sowing economic chaos across the country with unpredictable and ever-changing tariff announcements. His back-and-forth announcements and actions, which have whipsawed American businesses and consumers, as well as close neighbors and allies, include:

    • On January 31 — citing punishment for failing to crack down on fentanyl trafficking — the Trump administration announced plans to impose a 25% tax on many goods imported into the U.S. from Canada and Mexico and a 10% tax on goods imported from China, then abruptly postponed those tariffs.
    • Last month, he doubled down, announcing an additional 25% tax on all steel and aluminum imports.
    • At 12:01 a.m. ET on March 4, President Trump’s long-promised 25% tariffs on goods from Mexico and Canada and 10% tariff increase on goods from China took effect, causing stock prices in the United States to plummet.
    • Then, on March 5, he announced that automobiles from Canada and Mexico would be exempt from his tariffs for one month.
    • The morning of March 6, he announced that he would suspend the tariffs for some products from Mexico. Then, later that same afternoon, he announced he was suspending most new tariffs on products from both Mexico and Canada until April 2.
    • On March 11, Trump threatened to double tariffs on Canadian steel and aluminum – increasing them to 50% – before reversing himself later the same day.
    • On March 13, he threatened 200% tariffs on alcoholic products from the European Union, including all wine and Champagne.
    • On March 27, he announced plans to impose a 25% tax on all imported sedans, SUVs, crossovers, minivans, cargo vans, and light trucks, as well as some auto parts, beginning on April 2.
    • On March 29, President Trump said, “I couldn’t care less,” if automakers raise the price of cars in response to his tariffs.

    MIL OSI USA News –

  • MIL-OSI USA: Smucker Calls for Urgent Unemployment Insurance Reforms to Combat Fraud and Restore Integrity

    Source: United States House of Representatives – Representative Lloyd Smucker (PA-16)

    WASHINGTON—Rep. Lloyd Smucker (PA-11) and Sen. James Lankford (R-OK) are urging the Trump administration to take swift action to address the failures of the Biden administration that have undermined the nation’s unemployment insurance (UI) system. They are joined by House Budget Committee Chairman Rep. Jodey Arrington (TX-19) and Rep. Aaron Bean (FL-4) in a letter calling for comprehensive reforms to restore accountability, prevent fraud, and ensure timely support for job seekers. 

    The letter emphasizes the need for a partnership between Congress and the Trump administration to reverse “the damage caused by the prior administration by encouraging states to build strong UI systems that verify identities, deliver benefits quickly, and return claimants to meaningful work.” 

    The lawmakers specifically call for an end to the ineffective ‘pay and chase’ model, a reevaluation of federal funding formulas that support state UI administration, and greater transparency in the Biden administration’s handling of nearly $1 billion in UI modernization grants. Additionally, they stress the need for urgent congressional action to extend the statute of limitations for recovering fraudulent pandemic UI payments. The theft of taxpayer dollars from these UI programs is estimated by the Government Accountability Office to total between $100 billion and $135 billion. 

    A copy of the letter is available here. The full text is below: 
     

    The Honorable Lori Chavez-DeRemer
    Secretary 

    United States Department of Labor

    200 Constitution Avenue, N.W.

    Washington, D.C. 20210

    		  

    Dear Secretary Chavez-DeRemer,

    We write to address the pressing issues facing our nation’s unemployment insurance (UI) system. Under the leadership of former Acting Secretary Su, waste, fraud, and a consistent lack of transparency defined the unemployment compensation system. The pandemic exposed many weaknesses in our nation’s UI system, and it will take a strong partnership between Congress and the Trump Administration to prepare state UI offices for present and future challenges. Despite increased attention, fraudulent and improper payment rates have continued to persist well above pre-pandemic levels. The UI program had the third highest improper payment rate of all federal programs in fiscal year (FY) 2023 at 32 percent of outlays, totaling $48 billion in improper payments.[1] The improper payment rate for the UI system was 16.5 percent in FY 23 and 35.9 percent for pandemic UI.[2] Together, we must redress the damage caused by the prior administration by encouraging states to build strong UI systems that verify identities, deliver benefits quickly, and return claimants to meaningful work.

    First, the “pay and chase” model that has defined benefit delivery in recent years must end. It’s a model well-exemplified by former Acting Secretary Julie Su, who oversaw the pay and chase model in California and permitted states to forgive outstanding fraudulent payments through state finality laws when she became acting secretary.[3] Instead of permitting and forgiving pay and chase models, DOL must provide guidance that helps states identify fraud schemes while removing confusing and overbearing pieces of guidance, such as Unemployment Insurance Program Letter (UIPL) 16-21. As long as states deliver payment when is administratively feasible,[4] they should not be coerced by DOL rules to pay claimants on appeal, particularly when backlogs are high. 

    Second, DOL should promote the general program integrity and quality of state UI systems. DOL must reexamine the Resource Justification Model,[5] the formula for distributing administrative funding to states. The formula allocates more money to states that take longer to process claims and less to the ones that deliver benefits quickly and stop fraudulent claims immediately. Reforms to this antiquated and overly complicated model should accompany improved data metrics that accurately show improper payment rates, benefit timeliness, the quality of appeals, and cybersecurity strength. For example, DOL says, “Slightly more than 80 percent of the fraud overpayments were not detectable through normal agency procedures” during performance year 2023.[6] The vulnerabilities inherent to the Resource Justification Model jeopardize the UI system’s preparedness for economic downturns and its ability to prevent fraud on the front end. Ensuring states are properly incentivized to process claims will lead directly to more effective administrative outlays.

    Third, DOL must provide Congress with relevant information to reform the UI system. The Biden Administration DOL did not release details of the $780 million in UI modernization grants funded by the American Rescue Plan.[7] Congress has not been informed of the details of these grants, such as the recipients, the amounts, the purpose for receiving the grant, or the date the grant was given. It’s unclear how state UI offices have improved or regressed as a result of these grants.

    Finally, Congress must also play its part. Absent immediate action, the statute of limitations for recouping improper pandemic UI payments starts to expire on March 27, 2025. Roughly just 0.8% of fraudulent pandemic unemployment payments were recovered.[8] The Senate is considering a bill to extend the statute of limitations to prosecute and recoup fraudulent distribution of all pandemic program funds from 5 to 10 years. The House passed a bill to extend the statute of limitations for pandemic unemployment insurance programs from 5 to 10 years. These bills respond to a report by the Government Accountability Office (GAO) that estimated fraud totals from pandemic UI programs to be between $100 billion and $135 billion.[9] Moving forward, we must work in tandem to identify and enact reforms that ensure accurate administration of the UI system so that we can restore integrity to this important program.

    The lack of accountability shown by the previous administration inflicted lasting damage on the unemployment compensation system, hurting taxpayers and those who actually needed benefits. The only viable path forward is to reshape the UI system by prioritizing program integrity, fiscal responsibility, and efficient reentry into the workforce. We look forward to opening a dialogue on saving taxpayer dollars and more effectively serving American workers.

    Sincerely,                                          

    James Lankford                                                                       Lloyd Smucker

    United States Senator                                                              Member of Congress

                                                                                                 

    Jodey Arrington                                                                      Aaron Bean

    Member of Congress                                                              Member of Congress

    [2] Government Accountability Office, “Improper Payments: Key Concepts and Information on Programs with High Rates or Lacking Estimates.” https://www.gao.gov/assets/gao-24-107482.pdf.

    [3] Department of Labor, “Unemployment Insurance Program Letter No. 05-24.” https://www.dol.gov/sites/dolgov/files/ETA/advisories/UIPL/2024/UIPL%2005-24/UIPL%2005-24.pdf.

    [4] Department of Labor, “Unemployment Insurance Program Letter No. 04-01, U.S. Department of Labor,” https://www.dol.gov/agencies/eta/advisories/unemployment-insurance-program-letter-no-04-01.

    [5] U.S. Department of Labor. “ETA Handbook No. 410, 6th Edition,” Pg. A-41. https://www.dol.gov/agencies/eta/advisories/handbooks/et-handbook-no-410-6th-edition.

    [6] U.S. Department of Labor, “Benefit Accuracy Measurement Payment Integrity Information Act State Data Summary Performance Year 2023,” https://oui.doleta.gov/unemploy/bam/2023/PIIA_2023_Benefit_Accuracy_Measurement_Annual_Report.pdf.

    [7] U.S. Department of Labor. “Insights and Successes: American Rescue Plan Act Investments in Unemployment Insurance Modernization,” https://oui.doleta.gov/unemploy/arpasuccess.asp#:~:text=In%20the%20two%20and%20half,million%20in%20grants%20to%20states.

    MIL OSI USA News –

  • MIL-OSI China: Tokyo stocks end mixed amid uncertainty over US reciprocal tariffs

    Source: China State Council Information Office

    Tokyo stocks closed mixed on Wednesday amid a cautious mood before the U.S. announcement of reciprocal tariffs.

    Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 101.39 points, or 0.28 percent, from Tuesday at 35,725.87.

    The broader Topix index, meanwhile, finished 11.44 points, or 0.43 percent, lower at 2,650.29.

    On the stock market, heavyweight semiconductor-related issues supported the benchmark Nikkei following rises by their U.S. counterparts on the Nasdaq index.

    Investors remained cautious over an additional 25 percent tariff set to be imposed as planned on Thursday on all cars made outside the United States, analysts said. 

    MIL OSI China News –

  • MIL-OSI Australia: Fourth youth charged following Launceston burglaries

    Source: New South Wales Community and Justice

    Fourth youth charged following Launceston burglaries

    Thursday, 3 April 2025 – 12:23 pm.

    A fourth youth has been charged as part of an investigation into a number of burglaries at residential and commercial properties in the Launceston area.
    The 17-year-old boy was charged overnight with 11 burglaries and 7 stealings – alleged to have occurred between February and April.
    He was detained to appear in the Youth Justice Division of the Launceston Magistrates Court today.
    Three youths – a 14-year-old-boy and two 17-year-old boys – were previously charged with numerous offences as part of the investigation by Northern Criminal Investigation Branch.
    Anyone with information should contact police on 131 444 or Crime Stoppers anonymously on 1800 333 000 or online at crimestopperstas.com.au

    MIL OSI News –

  • MIL-OSI USA: Kelly, Panetta, Fitzpatrick, Thune, Murphy Reintroduce Bill to Incentivize Healthy Living and Physical Activity

    Source: United States House of Representatives – Representative Mike Kelly (R-PA)

    WASHINGTON, D.C. — Today, U.S. Reps. Mike Kelly (R-Pa.), Jimmy Panetta (D-Calif.), and Brian Fitzpatrick (R-Pa.), and U.S. Sens. John Thune (R-S.D.) and Chris Murphy (D-Conn.), reintroduced the Personal Health Investment Today (PHIT) Act. This bipartisan legislation would encourage physical activity and incentivize healthier living by allowing Americans to use a portion of the money saved in their pre-tax health savings account (HSA) and flexible spending account (FSA) toward qualified sports and fitness purchases, such as gym memberships, fitness equipment, and youth sports league fees.

    “As a former college football player and youth football coach myself, I’ve seen young Americans greatly improve their lives because they were able to join a team and play sports,” said Rep. Kelly. “This bill gives kids, especially those in underserved or low-income communities, a real chance to play the sport of their choice. This isn’t just about athletics: it’s about gaining critical team-building and character-building traits that stay with kids for the rest of their lives.”

    “Too many working families are forced to cut back on healthy activities and lifestyles due to the rising costs of sports leagues, gym memberships, local swimming pools, and more,” said Rep. Panetta. “The PHIT Act provides a practical solution by allowing families to use pre-tax dollars from their HSA and FSA accounts to help pay for fitness expenses. By breaking down financial barriers, we can encourage healthier habits, strengthen our communities, and invest in preventive care that lasts a lifetime.”

    “Preventive health care doesn’t start in the doctor’s office — it starts with daily movement, access to fitness, and the ability to stay active,” said Rep. Fitzpatrick. “The PHIT Act is about making those opportunities more affordable for families by allowing pre-tax health savings to cover fitness expenses like youth sports, gym memberships, and exercise equipment. We’re working to remove cost as a barrier to healthier living and shift our health care system toward one that values prevention, wellness, and long-term results.”

    “For some Americans, certain gym or athletic league membership costs can be prohibitive, keeping them from pursuing healthy habits like exercising or participating in other physical activities,” said Sen. Thune. “The PHIT Act would reduce some of the cost barriers that Americans face when pursuing healthy lifestyles and make it easier and more affordable for folks to stay active throughout their lives. By giving Americans greater flexibility with their HSAs and FSAs, we can empower people to make healthy choices, get active, and hopefully prevent the onset of costly chronic conditions as we work to make America healthy again.”

    “The National Football League (NFL) is pleased to support the PHIT Act, which is sensible, bipartisan legislation that makes participation in youth sports and physical activity more accessible and affordable,” said Brendon Plack, Senior Vice President of Public Policy and Government Affairs at the NFL. “Encouraging America’s youth to adopt active lifestyles and healthy habits has been a cornerstone of the league’s commitment to community, and the PHIT Act helps to further advance that important goal.”

    “Sports, exercise, and recreation are essential to the physical and mental well-being of Americans of all ages,” said Todd Smith, President and CEO of the Sports and Fitness Industry Association (SFIA). “The PHIT Act is a forward-thinking, bipartisan solution that will make these activities more affordable and accessible, helping to build healthier communities and a stronger future for sports and fitness participation. SFIA thanks and supports Senators Thune and Murphy, and Congressmen Kelly and Panetta, for reintroducing this act. As we head into this next decade of once-in-a-generation sporting events taking place in the U.S., we especially look forward to working together to pass the PHIT Act and expand opportunities for all.”

    “Preventative health solutions are more important than ever, and physical activity is a proven, cost-effective way to make Americans healthier,” said Liz Clark, President and CEO of the Health & Fitness Association. “The PHIT Act is a commonsense solution that will make it easier for individuals and families to invest in their health by making fitness more affordable. We applaud Majority Leader Thune and Sen. Murphy, and Congressmen Kelly and Panetta, for their leadership in reintroducing PHIT in the 119th Congress and recognizing the critical role prevention plays in improving public health.”

    “On behalf of the more than 2600 YMCAs who every day help build healthy spirit, minds and bodies for all and strengthen community by connecting people to their potential, purpose and each other, I applaud Representatives Kelly and Panetta and Senators Thune and Murphy for reintroducing the bi-partisan PHIT Act.  This legislation recognizes the chronic disease crisis our nation confronts and prioritizes prevention by providing new financial incentives for individuals and families to better access physical activity, exercise programs and sports in community facilities like the YMCA,” said Jeff Britt, SVP, Chief Government Affairs Officer, YMCA of the USA.

    You can read the full bill here.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Police statement on TAIC report

    Source: New Zealand Police (District News)

    Attributable to Assistant Commissioner Mike Johnson:

    Police accept the findings of the Transport Accident Investigation Commission Maritime Inquiry MO-2022-206 into the charter fishing vessel, i-Catcher capsize in Goose Bay, 10 September 2022.  

    This was a terrible incident for the community and our thoughts remain with the victims, their families and friends, and the community.

    Police is continuing work with Rescue Coordination Centre New Zealand (RCCNZ) on the findings of the report. 

    In addition to supporting a large number of events led by RCCNZ, Police manages more than 2,000 land and marine search and rescue (SAR) incidents each year.

    RCCNZ and Police continue to collaborate on opportunities to enhance operational SAR responses, and continue with regular practice SAR exercises. Our on-call practices and tasking processes have been streamlined and continue to be improved. 

    The joint Maritime Rescue Plan for Tasman has now been prepared and is in the final stages of being signed off. Standard operating procedures have also been updated to include that Police’s National Dive Squad must be contacted for advice and availability in life-threatening water rescue events.

    This investigation by TAIC has been important for all of us to learn from. We are putting recommendations in place and looking at where we can support partner agencies across all the recommendations.

    You can read the report at: https://www.taic.org.nz/inquiry/mo-2022-206

    ENDS

    Issued by the Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI: Domenico Carosa Files Early Warning Report with Respect to Common Shares of Banxa Holdings Inc.

    Source: GlobeNewswire (MIL-OSI)

    AMSTERDAM, April 02, 2025 (GLOBE NEWSWIRE) — Domenico Carosa has filed on SEDAR+ (www.sedarplus.com) an early warning report with respect to Common Shares (the “Shares”) of Banxa Holdings Inc. (the “Issuer” or “Banxa”) disposed and/or acquired by Domenico Carosa. This press release is being made by Mr. Carosa to report a historical disposition and/or acquisitions of Shares that was not previously reported under the requirements of the early warning reporting system.

    Upon the completion of the Issuer’s qualifying transaction on December 23, 2020, Mr. Carosa held beneficial ownership or control of an aggregate opening balance of 6,232,468 Shares and 688,888 incentive stock options of the Issuer, representing, at that time, approximately 15.31% of the Issuer’s issued and outstanding Shares on a non-diluted basis, or 17.00% of the Issuer’s issued and outstanding Shares on a partially-diluted basis, assuming the exercise of Mr. Carosa’s incentive stock options only.

    On July 14, 2023, Mr. Carosa beneficially acquired 10,000 Shares (acquired by Dominet B.V. as registered holder) (the “Reportable Event”) through the facilities of the TSX Venture Exchange. Pursuant to the Reportable Event, the 10,000 Shares were acquired at an acquisition price of $1.00 per Share for total net proceeds of $10,000. Immediately prior to the Reportable Event, Mr. Carosa beneficially owned 6,235,968 Shares and 688,888 options, representing approximately 14.96% of the Issuer’s then-issued and outstanding Shares on a partially-diluted basis. Immediately following the Reportable Event, Mr. Carosa beneficially owned 6,245,968 Shares and 688,888 options, representing approximately 14.99% of the Issuer’s then-issued and outstanding Shares on a partially-diluted basis. Given that the total issued and outstanding Shares of the Issuer had increased since the early warning report dated December 30, 2020 (the “Prior EWR”) (resulting in dilution to Mr. Carosa’s holdings), the Reportable Event triggered a reportable transaction for Mr. Carosa under the early warning reporting system as follows: when compared against Mr. Carosa’s aggregate beneficial shareholding percentage as last reported in the Prior EWR, Mr. Carosa’s aggregate beneficial shareholding percentage immediately following the Reportable Transaction represented a decrease of 2.02%, on a partially diluted basis.

    Subsequent to the Reportable Event and to the date hereof, Mr. Carosa has made additional acquisitions or dispositions of Shares, which in the aggregate do not trigger the requirement to file an additional early warning report. Nevertheless, disclosure is being made herein as to the current beneficial holdings of Mr. Carosa. As of the date hereof, Mr. Carosa beneficially owns, or controls or directs, a total of 5,600,000 Shares and 688,888 options to purchase Shares, representing 12.28% of the issued and outstanding Shares of the Issuer on a non-diluted basis and 13.59% of the issued and outstanding Shares on a partially diluted basis. In addition, Mr. Carosa notes that it has made certain changes to the registered ownership of its Shares, without affecting ultimate beneficial ownership, since the Prior EWR. The current registered ownership is as follows: of the 5,600,000 Shares beneficially owned by Mr. Carosa, 4,600,000 Shares are held by Carosa Corporation B.V. and 1,000,000 Shares are held by Dominet Digital Investments Pty. Ltd., both of which are holding companies beneficially owned or controlled by Mr. Carosa.

    Mr. Carosa sold the Shares as part of his investment strategy. Mr. Carosa may further purchase, hold, trade, dispose or otherwise deal in the securities of the Issuer, in such manner as he deems appropriate, including on the open market or through private transactions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

    This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed in accordance with applicable securities laws (the “Early Warning Report“). A copy of the Early Warning Report will appear on Banxa’s profile on the SEDAR+ website at www.sedarplus.com. Banxa’s head office is located at 15th Floor, 1111 West Hastings Street Vancouver, BC V6E 2J3. A copy of the Early Warning Report may also be obtained by contacting Mr. Carosa as noted below.

    For further information, please contact:

    Domenico Carosa
    Telephone:
    E-mail: dom@dominet.com

    Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI China: Capital flows from listed banks demonstrate China’s economic dynamism

    Source: China State Council Information Office

    The recently released 2024 annual reports of China’s listed banks highlight the diverse dynamics of China’s economic development, as banks, serving as the primary channels for corporate and household financing, in their capital underscore the economy’s growth momentum.

    Key sectors in focus: tech firms attracting major capital

    Data from annual reports indicate that over the past year, listed banks have continued to expand credit issuance to support the real economy. In 2024, China’s four major state-owned banks, which include Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), and China Construction Bank (CCB), collectively issued more than 8 trillion yuan (about 1.11 trillion U.S. dollars) in new loans.

    ICBC and ABC each saw loan increases exceeding 2 trillion yuan.

    Strategic national initiatives and key industries remained top priorities for credit allocation, the reports showed, and banks reported notable growth in loans directed toward manufacturing, strategic emerging industries, and elderly care services.

    By the end of 2024, ICBC’s outstanding loans to strategic emerging industries had exceeded 3.1 trillion yuan, while BOC’s lending to these industries had grown by 26.31 percent year on year.

    CCB’s loans to the manufacturing sector totaled 3.04 trillion yuan, and the medium-to-long-term loans to the manufacturing industry by ABC saw a 20.2-percent year-on-year increase.

    Technology-driven enterprises also gained traction. CCB’s loans to science and technology-related industries topped 3.5 trillion yuan by the end of 2024, while ICBC’s loans to small and medium-sized enterprises (SMEs) that are specialized, refined, distinctive and innovative rose over 54 percent from the start of the year. China Everbright Bank also reported a 42.1-percent year-on-year increase in loans to tech firms.

    Behind the figures, banks have been accelerating the establishment of financial mechanisms that align with technological innovation. ICBC has set up 25 regional technology finance centers nationwide, ABC expanded its network of tech-focused branches to nearly 300, and BOC launched a dedicated science and technology innovation fund.

    However, many SMEs in the tech field still face financing challenges. At their earnings briefings, multiple banks pledged to deepen integrated equity-loan-bond-insurance financial services and tailor products to meet diverse innovation needs.

    Boosting consumption, demand: consumer loans surging

    Consumer credit has emerged as a catalyst for domestic spending. Banks actively promoted traditional sectors like automobiles and home appliances while cultivating new consumption scenarios in tourism, elderly care, and other services.

    By end-2024, Bank of Communications saw personal consumer loans jump 90.44 percent year on year, adding 156.8 billion yuan. ABC’s consumer loans grew 28.3 percent, that of CCB rose 25.21 percent, and China Merchants Bank’s consumer loan balance hit 396.16 billion yuan, up 31.38 percent year on year.

    CCB also reported over 1 trillion yuan in credit card loans.

    At the same time, banks have focused on meeting residents’ essential and improved housing needs by maintaining stable personal mortgage lending. By the end of 2024, CCB’s personal mortgage clients had surpassed 15 million, with outstanding mortgage loans totaling 6.19 trillion yuan. China CITIC Bank’s mortgage loan balance increased by 61.41 billion yuan, ranking among the highest in the industry.

    Since the fourth quarter of last year, China’s housing market has shown positive changes following the implementation of a series of policy measures, which was also reflected in the financial sector.

    According to CCB vice president Ji Zhihong, the bank’s daily average mortgage loan applications in Q4 2024 rose by 73 percent quarter-on-quarter and 35 percent year-on-year, with early repayments declining further in Q1 2025.

    With additional policies aimed at boosting consumption on the horizon, the consumer finance market is poised for new growth opportunities. Dong Qingma, deputy dean of the Institute of Chinese Financial Studies at Southwestern University of Finance and Economics, stated that financial institutions will continue to ramp up support for consumption through fiscal incentives, interest subsidies, and tax reductions, injecting more capital into the economy.

    While CMB’s annual report highlighted plans to tap into consumption scenarios encouraged by national policies, including high-end and comprehensive household spending. ICBC announced that it will actively engage with emerging economic models such as the ice and snow economy and the silver economy to further unleash consumption potential and enhance economic circulation.

    Unlocking credit growth: fueling real economy

    Multiple banks have signaled their commitment to maintaining stable credit growth, ensuring strong, sustained financial support for the real economy.

    ICBC pledged over 6 trillion yuan in financing to private enterprises over the next three years. ABC aims to exceed 7.5 trillion yuan in loans to private firms by 2025, with inclusive finance loans growing faster than average.

    A review of various banks’ strategic directions suggests that credit allocation priorities for 2025 are becoming clearer. Bank of Communications plans to issue 480 billion yuan in corporate loans, targeting major infrastructure projects, manufacturing, rural revitalization, and strategic emerging industries aligned with government policies.

    CCB plans to further expand its retail credit and focus on green finance in key sectors such as energy, industry, and transportation, while continuing to support major infrastructure projects. China Everbright Bank will allocate over 70 percent of its corporate credit growth to tech, green, and inclusive sectors.

    “The implementation of a more proactive fiscal policy and a moderately loose monetary policy this year will provide a favorable macroeconomic environment for the banking industry,” said ABC president Wang Zhiheng, adding that in 2025, the bank will seize strategic opportunities in rural development, industrial upgrades, and green transitions, among others.

    Experts believe that as banks align their strategies with macroeconomic priorities, they will continue to identify and meet effective credit demand, enhancing the precision and adaptability of financial services, thus, continuing to channel high-quality funding to sustain the real economy’s growth. 

    MIL OSI China News –

  • MIL-OSI USA: Peters Announces Bipartisan Legislation to Improve Access to Infrastructure Funding for Great Lakes Ports

    US Senate News:

    Source: United States Senator for Michigan Gary Peters

    WASHINGTON, DC – U.S. Senator Gary Peters (MI) announced new, bipartisan legislation to help ensure Great Lakes ports can receive a fair share of federal funding available for port infrastructure upgrades and repairs. The Port Infrastructure Development Program (PIDP) is a competitive federal grant program administered by the Maritime Administration that provides funding to improve the safety, efficiency, or reliability of our nation’s ports – including investments to reconstruct docks, improve access to key transportation routes, expand storage capacity, and more. From 2019 to 2024, Great Lakes ports received as little as two percent of all available PIDP awards. Meanwhile, ports along the East and West Coasts of the United States were awarded almost 70 percent of PIDP funding available. Peters’ Securing Smart Investments in Our Ports Act – which he introduced with U.S. Senators John Cornyn (R-TX), Tammy Baldwin (D-WI), Roger Wicker (R-MS), and Todd Young (R-IN) – would help address this imbalance by directing the Maritime Administration to consider equitable regional distribution of Port Infrastructure Development Program (PIDP) funds when awarding grants.  

    “Michigan’s ports along the Great Lakes play a vital role in both our state and national economy, supporting key shipping and manufacturing industries, creating jobs, and helping to transport goods that American families and businesses rely on every day. Yet, these ports are being overlooked when it comes to receiving federal support to help keep them safe and efficient,” said Senator Peters, a member of the Senate Commerce, Science, and Transportation Committee. “It’s past time to ensure Great Lakes ports have equitable access to the resources they need to upgrade their infrastructure and compete on a level playing field with larger coastal ports.” 

    “Senator Peters has been the ‘Port Champion’ for the State of Michigan and an unrelenting advocate for the entire Great Lakes Region,” said Captain Paul C. LaMarre III, President of the American Great Lakes Ports Association and Port Director in Monroe, Michigan. “On behalf of all ports on the Great Lakes, we especially appreciate Senator Peters’ efforts to ensure the Great Lakes region receives its fair share of federal funding for critical port infrastructure projects. As a Port Director, mariner, fellow Navy veteran, and friend, I know firsthand that Senator Peters fights each and every day to deliver sustainable economic growth to our nation’s manufacturing heartland. His desire for equitable federal investment is only rivaled by his advocacy for the irreplaceable jobs of the people who continue to breathe life into our industry.” 

    To read more about the PIDP, click here.  

    During his time in the Senate, Peters has prioritized strengthening Michigan’s shipping ports. Peters has helped secure over $42 million in funding for Michigan ports from the Port Infrastructure Development Program (PIDP), including investments to expand cargo capacity, purchase new crane equipment and upgrade cargo screening infrastructure. During Department of Transportation Secretary Sean Duffy’s confirmation hearing in January 2025, Peters underscored the importance of Great Lakes shipping and secured Secretary Duffy’s commitment to take the necessary steps to promote equitable distribution of PIDP funding. In 2021, Peters helped Congress pass the Infrastructure Investment and Jobs Act, also known as the bipartisan infrastructure law, which provided robust funding for transportation and port infrastructure projects across the country. The historic law invested more than $17 billion in U.S. port infrastructure to make needed repairs and upgrades, reduce congestion to strengthen our supply chains and expedite commerce, and lower harmful emissions near ports to reduce environmental impacts on local communities.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Scottish Secretary focusses on jobs and investment in USA visit

    Source: United Kingdom – Executive Government & Departments

    Press release

    Scottish Secretary focusses on jobs and investment in USA visit

    US investors invited to Edinburgh for a Global Investment Summit to help boost jobs and investment, putting more money back in people’s pockets.

    Jobs and investment in Scotland will be top of the agenda today [Thursday 3 April] when Scottish Secretary Ian Murray, Lord Mayor of London Alastair King and Scottish Financial Enterprise Chief Executive Sandy Begbie meet key sectors in a series of meetings in New York during Tartan Week.

    In a co-ordinated effort aimed at boosting growth in Scotland they will invite companies to attend the Scottish Investor Summit – organised by Scottish Financial Enterprise and The City of London Corporation – to be held in Edinburgh in October this year.

    The event will be key to encouraging inward investment in Scotland – investment which can boost Scotland’s economy, create well paid jobs and boost living standards, putting more money back in people’s pockets. 

    The New York meetings will showcase Scotland’s key strengths in financial services, clean energy and life sciences to international investors. This will be held at the UK Consul General’s residence in New York and at the offices of BlackRock, a global investment management corporation with a significant presence in Scotland. 

    Secretary of State for Scotland Ian Murray said: 

    “At a time when we are celebrating Scotland on the international stage, we want to highlight the exceptional investment opportunities in innovative industries. These meetings and roundtables are at the heart of Brand Scotland, selling the nation on the global stage. By strengthening these international partnerships through our Plan for Change, we’re laying the groundwork for the Edinburgh Global Investment Summit.”

    Lord Mayor of London Alastair King said:

    “Tartan week is not just an opportunity to celebrate the strong cultural and economic links between Scotland and the US, it is also a chance to deepen them further especially in financial services. That is why I am in New York speaking to major US businesses and investors and promoting the forthcoming Scottish Investment Summit in Edinburgh in October

    “The theme of my mayoralty is ‘growth unleashed’, aiming to reignite the City’s appetite for positive risk and fully leverage the white heat of new technology to fuel economic growth across the United Kingdom. One of the best ways to do that is through greater cooperation with the US in financial services – which is a major part of both the Scottish and wider UK economy.”

    Chief Executive of Scottish Financial Enterprise Sandy Begbie CBE said:

    “Tartan week is an excellent example of the soft power which Scotland commands across the globe, but especially in the US. These roundtables provide just a small taste of the investment opportunity in Scotland.

    “The Scottish investment summit later this year will showcase in detail the very best of Scotland’s financial services, renewables and life science to global investors. This coupled with opportunities to engage with government stakeholders and investment prospects highlight the unique opportunity the summit will bring.”

    The Scottish investment summit, to be held in Edinburgh in October, will bring together major global investors, UK industry leaders, higher education institutions, and government representatives. Around 150 senior-level attendees are expected at the summit, with at least half representing significant global investors. 

    The summit will showcase the investments that have already been made, as well as the rationale behind why firms made the decision to invest in Scotland and what have been the returns and benefits to them as a result. It will also provide opportunities for investors to engage with investment prospects that currently exist in our investment pipeline, as well as government and regulatory stakeholders.

    Updates to this page

    Published 3 April 2025

    MIL OSI United Kingdom –