Category: Finance

  • MIL-Evening Report: Local newspapers are a lifeline in Ukraine, but USAID cuts may force many to close or become biased mouthpieces

    Source: The Conversation (Au and NZ) – By Galyna Piskorska, Associate Professor, Faculty of Journalism, Borys Grinchenko Kyiv University (Ukraine) and Honorary Principal Fellow at the Advanced Centre for Journalism, The University of Melbourne

    Three years into Russia’s full-scale war in Ukraine, Ukrainian journalists are facing enormously difficult challenges to continue their work.

    Since Russia’s invasion in 2022, 40% of Ukrainian media outlets have been forced to close down, mostly due to the Russian occupation or financial difficulties caused by the war. Many of these are in Russian-occupied eastern Ukraine.

    Ukrainian journalists and media outlets have also become targets. More than 100 media workers have been killed since the full-scale war began.

    Some, like 28-year-old journalist Viktoriya Roshchyna, were captured by Russian forces and died in brutal conditions in captivity. More than 30 media workers are still in Russian captivity.

    Others were killed by Russian missile and drone attacks, like Tetiana Kulyk, who died alongside her husband, a surgeon, after her home was hit by a drone in late February.

    For those journalists that remain, fatigue is a major issue. Many are emotionally exhausted. Some cannot cope and leave their jobs. The National Union of Journalists of Ukraine (NUJU) helps with seminars and psychological support.

    Despite the dangers, local media remains in high demand near the front lines of the war. These outlets have lost so much – advertising, subscribers and staff – but their journalists still have the passion and determination to continue their work documenting history.

    The role of local media on the front lines

    According to researchers who interviewed 43 independent local media outlets last year, the key challenges for newsrooms have not changed since the start of the war:

    • a shortage of employees (22% of respondents said this was a challenge in 2023, compared to 16% in 2022);

    • psychological stress (18% in 2023, 16% in 2022)

    • lack of funds (16% in both years).

    Often, journalists must perform different roles in their work, including being a driver, mail carrier and even a psychotherapist.

    Without working telephones or internet in areas near the front lines, print newspapers remain the only source of trusted information for many people. This includes up-to-date information on evacuation plans and humanitarian aid, as well as content not related to the war, such as public transport schedules and how to access medicines and necessary items for home repairs.

    Tetiana Velika, editor in chief of the Voice of Huliaipillia in southeastern Ukraine, was one of about 120 journalists who took part in a recent online conference organised by the National Union of Journalists of Ukraine to discuss the state of Ukraine’s media.

    She said media have remained connected with readers through both openness and authenticity. This includes having active social media networks, publishing journalists’ mobile phone numbers and allowing people to reach out anytime.

    Vasyl Myroshnyk, the editor in chief of Zorya, a newspaper in eastern Ukraine, described how he travelled 400 kilometres each week to deliver copies of his newspaper to even the most dangerous places.

    Svitlana Ovcharenko, editor of the newspaper Vpered in the city of Bakhmut, which was destroyed by Russian forces in the opening weeks of the war, said the paper has remained a lifeline for a displaced population.

    We have a unique situation — we don’t have a city. It’s virtual, it’s only on the map, it doesn’t physically exist. Not only is it destroyed, but it’s also been bombed with phosphorus bombs, and no one lives there.

    Ovcharenko, who now lives in the city of Odesa, said her newspaper’s readers are scattered all over the world. (There are 6,000 printed copies distributed each week across Ukraine.) The coverage focuses on how former Bakhmut residents have restarted their lives elsewhere, while also paying homage to the city’s past.

    Independent media is now at stake

    Funding remains a formidable challenge. Advertising revenue has dried up for many outlets, leaving international donors as the primary journalism funding source.

    Now, the Trump administration in the United States is gutting much of this funding through its dismantling of the US Agency for International Development (USAID). According to one estimate, 80% of Ukrainian media outlets received funding through USAID. As Oksana Romaniuk, director of the Institute of Mass Information, said:

    The problem is that almost everyone had grants. The question is that for some, these grants amounted to 100% of their income and they could only survive thanks to grants. These grants amounted to 40–60% for some, less for others.

    According to media researchers, without donor aid or state budget support in 2025, newspapers and magazines may decrease by a further 20% in Ukraine, while subscription circulation could drop by 25–30%.

    The heavy reliance on such funding has already led to the closure of some outlets, while others have been forced to launch public fundraising campaigns.

    Donor funding has also given Ukrainian outlets a measure of independence, allowing them to report on corruption within the Ukrainian government, for example. Many independent outlets are now vulnerable to being taken over by commercial or political entities. When these groups gain control, they can influence media coverage to benefit their own interests. This is known as “media capture”.

    Research shows how this has occurred in other post-conflict and developing countries where independent media outlets have been transformed into business entities more focused on profits and maintaining good relations with authorities than on producing quality journalism.

    This is a critical time for the future of Ukrainian media, to ensure it remains financially self-sufficient and free from the influence of both Russian propaganda and Ukrainian oligarchs. Without this funding, the preservation of Ukraine’s independent media and democracy remain under dire threat.

    Galyna Piskorska 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. Local newspapers are a lifeline in Ukraine, but USAID cuts may force many to close or become biased mouthpieces – https://theconversation.com/local-newspapers-are-a-lifeline-in-ukraine-but-usaid-cuts-may-force-many-to-close-or-become-biased-mouthpieces-250917

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Scientific misconduct is on the rise. But what exactly is it?

    Source: The Conversation (Au and NZ) – By Nham Tran, Associate Professor, School of Biomedical Engineering, University of Technology Sydney

    PowerUp/Shutterstock

    German anaesthesiologist Joachim Boldt has an unfortunate claim to fame. According to Retraction Watch, a public database of research retractions, he is the most retracted scientist of all time. To date, 220 of his roughly 400 published research papers have been retracted by academic journals.

    Boldt may be a world leader, but he has plenty of competition. In 2023, more than 10,000 research papers were retracted globally – more than any previous year on record. According to a recent investigation by Nature, a disproportionate number of retracted papers over the past ten years have been written by authors affiliated with several hospitals, universities and research institutes in Asia.

    Academic journals retract papers when they are concerned that the published data is faked, altered, or not “reproducible” (meaning it would yield the same results if analysed again).

    Some errors are honest mistakes. However, the majority of retractions are associated with scientific misconduct.

    But what exactly is scientific misconduct? And what can be done about it?

    From fabrication to plagiarism

    The National Health and Medical Research Council is Australia’s primary government agency for medical funding. It defines misconduct as breaches of the Code for the Responsible Conduct of Research.

    In Australia, there are broadly eight recognised types of breaches. Research misconduct is the most severe.

    These breaches may include failure to obtain ethics approval, plagiarism, data fabrication, falsification and misrepresentation.

    This is what was behind many of Boldt’s retractions. He made up data for a large number of studies, which ultimately led to his dismissal from the Klinikum Ludwigshafen, a teaching hospital in Germany, in 2010.

    In another case, China’s He Jiankui was sentenced to three years in prison in 2019 for creating the world’s first genetically edited babies using the gene-editing technology known as CRISPR. His crime was that he falsified documents to recruit couples for his research.

    The “publish or perish” culture within academia fuels scientific misconduct. It puts pressure on academics to meet publication quotas. It also rewards them for greater research output, in the form of promotions, funding and recognition. And this can mean research quality is sacrificed for quantity.

    Honest mistakes

    But not all research misconduct is premeditated. Some is the result of honest mistakes made by scientists.

    For example, Sergio Gonzalez, a young scientist at the Institute for Neurosciences of Montpellier in France, mistakenly uploaded several wrong images to an academic paper and its supplementary material. This didn’t have any effect on the findings of the paper, which were based on the correct images.

    But it still represented a case of image duplication and misrepresentation of data. This lead to the journal retracting the paper and launching an investigation. The investigation concluded the breach was unintentional and resulted from the pressures of academic research.

    Fewer than 20% of all retractions are due to honest mistakes. Researchers usually contact the publisher to correct errors when they are detected, with no major consequences.

    The need for a national oversight body

    In many countries, an independent national body oversees research integrity.

    In the United Kingdom, this body is known as the Committee on Research Integrity. It is responsible for improving research integrity and addressing misconduct cases. Similarly, in the United States, the Office of Research Integrity handles allegations of research misconduct.

    In contrast, Australia lacks an independent body directly tasked with investigating research misconduct. There is a body known as the Australian Research Integrity Committee. But it only reviews the institutional procedures and governance of investigations to ensure they are conducted fairly and transparently – and with limited effectiveness. For example, last year it received 13 complaints, only five of which were investigated.

    Instead Australia relies on a self-regulation model. This means each university and research institute aligns its own policy with the Code for the Responsible Conduct of Research. Although this code originated in medical research, its principles apply across all disciplines.

    For example, in archaeology, falsifying an image or deliberately reporting inaccurate carbon dating results constitutes data fabrication. Another common breach is plagiarism, which can also be applied to all fields.

    But self-governance on integrity matters is fraught with problems.

    Investigations often lack transparency and are carried out internally, creating a conflict of interest. Often the investigative teams are under immense pressure to safeguard their institution’s reputation rather than uphold accountability.

    A 2023 report by the Australia Institute called for the urgent establishment of an independent, government-funded research integrity watchdog.

    The report recommended the watchdog have direct investigatory powers and that academic institutions be bound by its findings.

    The report also recommended the watchdog should release its findings publicly, create whistleblower protections, establish a proper appeals process and allow people to directly raise complaints with it.

    Research credibility is on the line

    The consequences of inadequate oversight are already evident.

    One of the biggest research integrity scandals in Australian history involved Ali Nazari, an engineer from Swinburne University. In 2022 an anonymous whistleblower alleged Nazari was part of an international research fraud cartel involving multiple teams.

    Investigations cast doubt on the validity of the 287 papers Nazari and the other researchers had collectively published. The investigations uncovered numerous violations, including 71 instances of falsified results, plagiarism and duplication, and 208 instances of self-plagiarism.

    Similarly, Mark Smyth, formerly of the Queensland Institute of Medical Research, fabricated research data to support grant applications and clinical trials. An independent inquiry concluded he used his reputation, status and authority to bully and intimidate junior colleagues.

    If Australia had a independent research integrity body, there would be a clear governance structure and an established and transparent pathway for reporting breaches at a much earlier stage.

    Timely intervention would help reduce further breaches through swift investigation and corrective action. Importantly, consistent governance across Australian institutions would help ensure fairness. It would also reduce bias and uphold the same standards across all misconduct cases.

    The call for an independent research integrity watchdog is long overdue.

    Only through impartial oversight can we uphold the values of scientific excellence, protect public trust, and foster a culture of accountability that strengthens the integrity of research for all Australians.

    Nham Tran has received funding from Australian Research Council.

    ref. Scientific misconduct is on the rise. But what exactly is it? – https://theconversation.com/scientific-misconduct-is-on-the-rise-but-what-exactly-is-it-247352

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Security: Shiprock Duo Sentenced for Violent Carjacking and High-Speed Chase

    Source: Office of United States Attorneys

    ALBUQUERQUE – Two individuals from Shiprock have been sentenced for their roles in a violent carjacking and high-speed police chase that occurred on the Navajo Nation in 2022.

    There is no parole in the federal system.

    According to court documents, on the afternoon of May 9, 2022, Jane Doe was driving on the Navajo Nation in the area of Nenahnezad, NM. As Jane Doe approached the area, Lindsey Yazzie, 42, an enrolled member of the Navajo Nation, threw a large rock at her windshield, forcing her to stop. Brandon Barber, 39, an enrolled member of the Navajo Nation, then attacked the vehicle with a machete and hatchet, shattering windows. Yazzie attempted to pull Jane Doe out of the vehicle by her hair, and Barber then held the sharp edge of a machete against the back of Doe’s head.  Barber then tried to strike Jane Doe with a hatchet.

    After forcibly removing Jane Doe from her Jeep, Yazzie and Barber fled the scene in the stolen vehicle, nearly hitting Doe as they drove away. They led Navajo Nation police on a high-speed chase before abandoning the vehicle. Yazzie was found hiding nearby, while Barber was apprehended later.

    Yazzie was sentenced to 46 months in prison and Barber was sentenced to 90 months in prison.   Upon their release, both Barber and Yazzie will be subject to three years of supervised release.

    Acting U.S. Attorney Holland S. Kastrin and Raul Bujanda, Special Agent in Charge of the FBI Albuquerque Field Office, made the announcement today.

    The Farmington Resident Agency of the FBI Albuquerque Field Office investigated this case with assistance from the Navajo Police Department and Navajo Department of Criminal Investigations. Assistant United States Attorney Robert James Booth II is prosecuting the case.

    MIL Security OSI

  • MIL-OSI Security: Las Cruces Teen Charged with Possessing Machine Gun and Stolen Firearm After Instagram Posts

    Source: Office of United States Attorneys

    ALBUQUERQUE – A Las Cruces teenager is facing charges in federal court for possessing a machine gun and a stolen firearm, after authorities discovered Instagram posts allegedly showing him with the illegal weapons.

    According to court documents,on August 18, 2024, law enforcement became aware of an Instagram post depicting Jonathan Daniel Martinez, 18, an alleged member of the “East Side Locos” gang, holding a black handgun with the serial number visible. A subsequent check revealed that the firearm had been reported stolen to the Las Cruces Police Department on April 14, 2024. The handgun also had an aftermarket attachment, known as a machinegun conversion device (MCD), designed to convert the firearm into a fully automatic machine gun.

    Further investigation of the Instagram account linked to Martinez revealed numerous posts featuring the same firearm, as well as other firearms.

    A search warrant was executed on Martinez‘s residence on September 15, 2024, where the stolen black Glock 19 handgun with the Glock switch attached was found in his bedroom.

    Martinez will remain in custody pending trial, which has not been set. If convicted of the current charges, Martinez faces 20 years in prison.

    Acting U.S. Attorney Holland S. Kastrin and Raul Bujanda, Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    The Las Cruces Resident Agency of the Federal Bureau of Investigation’s Albuquerque Field Office investigated this case with assistance from the Las Cruces Police Department. Assistant U.S. Attorney Maria Y. Armijo is prosecuting the case.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI Security: Slingerlands Man Sentenced to 15 Years in Prison for Sexual Exploitation of a Child

    Source: Office of United States Attorneys

    Victim Reported Abuse After Attending Elementary School Presentation on Inappropriate Touching

    ALBANY, NEW YORK – Daniel Fuino, age 75, of Slingerlands, New York, was sentenced today to 15 years in prison for the sexual exploitation of a child who was 6 years old during the abuse.  United States Attorney John A. Sarcone III and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI), made the announcement.

    Last year, Fuino pled guilty to sexual exploitation of a minor and admitted that between the summer of 2022 and April 2023, he babysat a female child born in 2016 and used the child to engage in sexually explicit conduct for the purpose of producing child pornography.  According to statements previously made in court, the victim reported the abuse in May 2023 after attending an elementary school presentation on inappropriate touching and sexual contact.  During the execution of a federal search warrant at Fuino’s residence in Slingerlands shortly after the child’s report, Fuino admitted having touched the victim’s genitals.  Fuino has been incarcerated in pretrial detention since that time.

    Today, United States District Judge Mae A. D’Agostino sentenced Fuino to 15 years’ incarceration, followed by 15 years of supervised release.  Judge D’Agostino also ordered Fuino to pay restitution to the victim in the amount of $36,962.25 and imposed special assessments totaling $5,100.  Fuino will be required to register as a sex offender upon his release from prison. 

    The FBI investigated this case, with assistance from the New York State Police and the Colonie Police Department.  Assistant United States Attorney Benjamin S. Clark prosecuted the case as part of Project Safe Childhood.

    Launched in May 2006 by the Department of Justice, Project Safe Childhood is led by United States Attorney’s offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI United Nations: Fifth Committee Reviews Revised Costs of United Nations Iraq Mission Drawdown

    Source: United Nations MIL OSI b

    Fifth Committee (Administrative and Budgetary) delegates today began reviewing the revised financial implications of the Secretary-General’s plan to draw down 510 personnel from the United Nations Assistance Mission for Iraq (UNAMI) over the course of 2025, with the bulk of reductions set for year-end.

    UNAMI’s drawdown was decided by the Security Council through the adoption of resolution 2732 (2024), which extended the Mission’s mandate for a final 19-month period until 31 December 2025.  (See Press Release SC/15714.)  According to the Secretary-General’s transition plan, 126 of the Mission’s 636 personnel would be retained to support liquidation and related activities in 2026.

    Christophe Monier, Director of the Programme Planning and Budget Division of the Office of Programme Planning, Finance and Budget, presented the Secretary-General’s report “Revised estimates relating to the programme budget for 2025 under section 3, Political affairs, and section 36, Staff assessment” (document A/79/6(Sect.3)/Add.10).

    Mr. Monier said the revised budget will allow the Mission to support its mandate’s tasks while ensuring the safe and orderly drawdown of personnel and assets.  A provision of $21.7 million has been made for separation costs, in line with the phased downsizing of posts and positions, he added.  The resources supersede the proposed financial and human resources of $103.2 million laid out in the Secretary-General’s report “Proposed programme budget for 2025, Part II Political affairs, Section 3 Political affairs, Special political missions, United Nations Assistance Mission for Iraq” (document A/79/6(Sect.3)/Add.6).

    In presenting the Advisory Committee on Administrative and Budgetary Questions (ACABQ) related report (document A/79/7/Add.48), Advisory Committee Vice-Chair Carlo Jacobucci noted that the revised estimates are up $12.3 million, compared with the $98.1 million appropriation approved for 2024, and up $24 million, compared with the General Assembly’s December 2024 authorized allotment.

    As the concentration of drawdown schedule towards the year-end, he urged the Secretariat to create a more balanced withdrawal schedule with an earlier and more gradual transition of responsibilities to the United Nations country team.  Noting that a portion of staff separation liabilities would fall payable in 2026, the Advisory Committee recommends that staff separation costs be clarified.

    Considering that the previous estimate of $9.7 million for staff separation costs for 2025 would be more appropriate, the Advisory Committee recommends a reduction of $12 million under civilian personnel costs.  Under operational costs, the Advisory Committee recommends a reduction of $2.1 million to the proposed requirements:  $1.2 million under facilities and infrastructure; $188,500 under air operations; and $681,100 under communications and information technology.

    Thanking the Organization and Member States for its financing of the Mission for the past 22 years, the representative of Iraq said the country’s situation is very different than when it was established in 2003.  “There have been many developments on the political, security, economic, social and regional levels,” he said.  “Now, our priorities are focusing more on supporting efforts in the areas of sustainable development and health services and infrastructure.”  The Iraqi Government will work with the United Nations and the Mission for the responsible closure of its operations by year’s end and supports the provision of adequate funding.

    MIL OSI United Nations News

  • MIL-OSI Video: Inside the FBI Podcast: 75th Anniversary of the Ten Most Wanted Fugitives List

    Source: Federal Bureau of Investigation (FBI) (video statements)

    On this episode of the Inside the FBI Podcast, we highlight the 75th anniversary of our Ten Most Wanted Fugitives program—commonly known as the Top Ten list. For a full transcript and additional resources, visit fbi.gov/news/podcasts.

    You can view the current iteration of the Ten Most Wanted Fugitives List at fbi.gov/wanted/topten. You can also visit fbi.gov/mostwantedfaqs to learn more about the list and see the most recent statistics.
    —————————————————
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    Spotify: https://open.spotify.com/show/4H2d3cg…
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    https://www.youtube.com/watch?v=6DGhwMcHu7A

    MIL OSI Video

  • MIL-OSI USA: Warren, Raskin, Blumenthal, Lawmakers Push White House Chief of Staff Susie Wiles on Trump Administration Corruption

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    March 17, 2025
    Given Concerns, Warren, Blumenthal, Van Hollen Also Push for Investigations of Elon Musk’s Potential Ethics Violations and VA Secretary Doug Collins Also Serving as Acting Director of Federal Ethics Office
    “Despite President Trump’s promises to fight for working families, he has appointed a string of corporate billionaires and industry insiders, putting them in positions to enrich themselves at the expense of ordinary Americans.”
    Text of Letter to Wiles (PDF) | Text of Letters to Investigators (PDF)
    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.), Richard Blumenthal (D-Conn.), Jeff Merkley (D-Ore.), and Chris Van Hollen (D-Md.), along with House Judiciary Committee Ranking Member Jamie Raskin (D-Md.), sent White House Chief of Staff Susie Wiles a 10-page letter sounding the alarm on the overwhelming corruption and vast conflicts of interest throughout the Trump administration. 
    This comes just days after President Donald Trump joined Elon Musk to make what appeared to be a sales pitch for Teslas on the White House lawn. 
    This letter was sent along with two additional letters from Senators Warren, Blumenthal, and Van Hollen urging 1) the Department of Justice and Department of Transportation’s Office of Inspector General to determine whether Elon Musk has broken ethics rules through his possible involvement in the Federal Aviation Administration’s work with Starlink, despite his financial interest in the work, and 2) the Government Accountability Office to determine whether Doug Collins’s competing responsibilities as both Acting Director of the Office of Government Ethics and the Secretary of Veterans Affairs is undermining the work of either OGE or the VA.
    “One month into President Trump’s second term, his new administration is already beating his earlier record of corruption,” wrote the lawmakers.
    Within the first 50 days of his second term, President Trump has:

    Appointed former lobbyists, billionaire chief executive officers (CEOs), and stockholders with a direct financial stake in their own policy work. 

    Ceded power to the world’s richest man, Elon Musk, through the Department of Government Efficiency (DOGE). 

    Maintained his network of foreign real estate ventures and refused to divest from his maze of business interests.

    Attempted to fire at least 17 Inspectors General who were working to root out corruption in federal agencies and fired the head of the Office of Special Counsel (OSC).

    Become the first president in history to fire the director of the Office of Government Ethics (OGE), the primary office responsible for mitigating conflicts of interest in the executive branch.

    At the start of his last term, he released an executive order requiring appointees to agree to an ethics pledge. Now, Trump has still not issued any such pledge — though the past three presidential administrations did so.
    “Even now, it is not too late for President Trump to reverse course and put our national interests ahead of his personal dealings,” continued the lawmakers.
    The members of Congress urged President Trump to take the following steps to not just pay lip service to “draining the swamp” and to remediate the Administration’s worst signs of corruption: 

    Reinstate the government watchdogs who President Trump purportedly fired, including all Inspectors General, the OGE Director, and the OSC Director, and commit to protecting those offices from further political interference.

    Thoroughly vet potential nominees for all conflicts of interest and refuse to appoint anyone who would enter with clear conflicts that existing recusal and divestment rules alone cannot resolve. 

    Promptly issue an ethics pledge that is at least as robust as the Biden ethics pledge or President Trump’s own pledge from 2017, and ensure robust enforcement.

    Divest from his business holdings, in this case by either liquidating the Trump Organization assets or placing them in a truly blind trust operated by an independent trustee who is instructed to divest the assets and reinvest the proceeds in other holdings so that the President does not know what the trust contains. He should also disclose his tax returns from the past three years.

    Revoke Mr. Musk’s power to profit from his efforts to manipulate the executive branch for his own benefit. Mr. Musk should also be required to promptly release his financial disclosure form so that the public can understand his potential conflicts of interest.

    “The American people deserve a presidential administration that governs exclusively in the public’s interest,” concluded the lawmakers. 
    The lawmakers requested that the White House respond regarding its intention to take action on these concerns by March 31, 2025.

    MIL OSI USA News

  • MIL-Evening Report: Stop waiting for a foreign hero: NZ’s supermarket sector needs competition from within

    Source: The Conversation (Au and NZ) – By Lisa M. Katerina Asher, Retail Academic Researcher, PhD Candidate & Sessional Academic, University of Sydney

    non c/Shutterstock

    New Zealand’s concentrated supermarket sector is back in the spotlight after Finance Minister Nicola Willis said she was open to offering “VIP treatment” to a third international player willing to create competition.

    However, New Zealanders hoping for a foreign hero to break up the current supermarket concentration will be waiting a long time.

    It could take five years or more for an international brand such as Aldi to enter New Zealand and establish a nationwide chain. It is a risky bet. So far, no foreign operator has expressed interest publicly in setting up shop here on a national scale.

    To create more competition in the supermarket sector, the New Zealand government needs go back to where the issues began: allowing multiple companies to merge until there were few alternatives for shoppers.

    Breaking up two of the major entities in the sector would be a relatively quick way to reintroduce competition and improve affordability for everyone.

    The rise in concentration

    The current state of New Zealand’s supermarket sector – dominated by Woolworths (formerly Countdown), Foodstuffs North Island and Foodstuffs South Island – is a result of successive mergers and acquisitions along two tracks.

    The first was Progressive Enterprises’ (owner of Foodtown, Countdown and Five Guys banners) purchase of Woolworths New Zealand (which also owned Big Fresh and Price Chopper) in 2001.

    Progressive Enterprises was sold to Woolworths Australia, its’ current owner, in 2005. In less than 25 years, six brands owned by multiple companies were whittled down to a single brand, Woolworths.

    The second was the concentration of the “Foodstuffs cooperatives” network. This network once included four regional cooperatives and multiple banners including Mark’n Pak and Cut Price, as well as New World, PAK’nSave and Four Square.

    The decision of the four legally separate cooperatives to include “Foodstuffs” in their company name blurred the lines between them. The companies looked similar but remained legally separate.

    As a result of mergers, these four separate companies have now become Foodstuffs North Island – franchise limited share company, operating according to “cooperative principlies” and Foodstuffs South Island, a legal cooperative.

    In a recent failed application to merge into one company, Foodstuffs North Island and Foodstuffs South Island admitted to sharing information between the two legally separate companies. They are also not meaningfully competing with each other as they operate in regions which do not overlap.

    Breaking up the current players to compete

    While the Commerce Commission declined the clearance for Foodstuffs North Island Limited and Foodstuffs South Island to merge into one single national grocery entity, more can be done to drive competition in the supermarket sector.

    The fastest option would be to break up the “Foodstuffs” companies into smaller entities, with the breakaway and re-branding of PAK’nSave across both islands.

    But to do this the government would need to update legislation to allow parliament to force divestiture, consistent with the United Kingdom and the United States.

    This would allow New Zealand to go from three supermarket companies to five or more in a short period of time.

    Reducing the power dependency of suppliers and customers on the current companies would also reduce barriers to entry for overseas brands.

    Global players will take too long

    Breaking up the local dominant supermarket players is simply faster, and more straightforward, than waiting for a foreign company to enter New Zealand. It takes time and is expensive to build scale with stores. It can also be risky, as recent history in Australia shows.

    Aldi Australia, a favourite of New Zealand consumers hoping for a global alternative, took 20 years to reach scale as a third major player in that country. Originally from Germany, Aldi entered Australia as a declining brand – Franklins – left the market.

    In 2017, another German company, Kaufland, announced ambitious plans to enter the Australian market, starting with 20 stores. It purchased its first site in 2018 and hired 200 staff. However, the company abandoned launch plans in 2020 and divested completely from the market.

    Additionally, it took US-based bulk retail store Costco three years – and NZ$100 million – to go from announcing its plans for one New Zealand store to open. The retailer has hinted at opening a second location but this has not yet happened.

    In the end, the solution to New Zealand’s concentrated supermarket sector needs to come from within. Breaking up the power held by the dominant supermarket companies will allow prices to come down more quickly than waiting for a foreign supermarket to arrive.

    The government allowed the market to become concentrated, so it can now fix it. An international brand is not the hero – local, New Zealand-owned competition is.

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

    ref. Stop waiting for a foreign hero: NZ’s supermarket sector needs competition from within – https://theconversation.com/stop-waiting-for-a-foreign-hero-nzs-supermarket-sector-needs-competition-from-within-251910

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: As NOAA & National Weather Service Brace for More Job Cuts, Reed Says Trump Admin. is Recklessly Putting Public Safety At Risk

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    WASHINGTON, DC – After a series of powerful tornadoes swept through the South and Midwest this weekend, killing at least 34 Americans, U.S. Senator Jack Reed (D-RI) is expressing condolences to the victims; urging swift emergency federal assistance for impacted communities; and urging the Trump Administration to immediately reverse arbitrary staff cuts at the National Oceanic and Atmospheric Administration (NOAA) and the National Weather Service, a component of NOAA that issues early warnings and predictive modeling to help people prepare for weather emergencies.
    The so-called Department of Government Efficiency (DOGE), headed by shadow president Elon Musk, recently forced NOAA and the NationalWeather Service to layoff about 10 percent of its workforce.  The mass-firing included some of America’s top meteorologists and researchers who are charged with providing the public with accurate, life-saving weather reports and data. 
    And last week it was reported by the Associated Press that the Trump Administration is readying another mass-firing of NOAA employees which would make Americans even more vulnerable to hazardous weather.  If plans for these latest cuts move forward, nearly 20 percent of NOAA’s 13,000-person workforce would be terminated.
    “We mourn the lives lost and stand with those impacted by these storms.  The federal government must do its part to help communities recover and rebuild.  The Trump Administration should speed aid to the hardest hit areas, cease the NOAA cutbacks, and immediately rehire the NOAA employees it arbitrarily fired.  The mass-culling of America’s top meterolgists and researchers at NOAA was an ill-conceived, short-sighted, cost-cutting move that undermines public safety.  The Trump Administration doesn’t seem to respect the important work these scientists and researchers do, otherwise, it wouldn’t try to hollow out and understaff these critical posts,” said Reed.
    The staffing shortages caused by the Trump Administration’s arbitrary cuts have already halted and delayed several NOAA balloon launches that collect weather data.
    “The Trump Administration should stop decimating government services and destabilizing the process of forecasting and tracking storm intensity.  The Trump Administrating is undermining public safety and hindering the nation’s ability to forecast and respond to sudden, severe weather events.  NOAA helps people prepare and avoid disaster.  The devastation of these tornados and storm systems should be a wakeup call and the Trump Administration needs to recalibrate and swiftly change course to help prevent future tragedies,” said Reed.  “Investing in real-time storm tracking and predictive modeling saves lives.”
    NOAA is a critical federal agency charged with monitoring and forecasting weather across the U.S. and tracking climate trends.  NOAA also researches ocean systems, marine life, and maps the seas; among other critical tasks.  The federal agency has its own fleet of research and survey vessels and specialized aircraft, operated by a combination of NOAA Corps officers and civilians.  NOAA oversees the National Weather Service and the National Hurricane Center, maintaining a network of radar systems, satellites and weather balloons to help predict and track extreme weather events.
    Last fall, Senator Reed sounded the alarm about Project 2025’s extremist plan to dismantle NOAA, which it labelled “one of the main drivers of the climate change alarm industry.”  Reed warned plans to gut the National Weather Service and emergency management would be a major disaster.
    The Trump Administration’s devastating cuts to key federal agencies are leaving state and local emergency managers to question whether they can count on the federal government in times of need.  Victims of the California wildfires are still waiting for emergency recovery assistance from the Trump Administration, and President Trump has called the Federal Emergency Management Agency (FEMA) a “disaster” and suggested it might “go away” leaving states in need further isolated after future catastrophes.

    MIL OSI USA News

  • MIL-OSI: Canadian General Investments, Limited Files Annual Disclosure Documents

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Canada, March 17, 2025 (GLOBE NEWSWIRE) — Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) (the Company), announces that it has submitted its 2024 Annual Report, which includes the Management Report of Fund Performance and Audited Financial Statements and the 2025 Management Information Circular, including the Notice of Annual Meeting of Shareholders, Form of Proxy and Annual Information Form with applicable Canadian securities regulators and to the National Storage Mechanism (https://data.fca.org.uk/#/nsm/nationalstoragemechanism).

    PDF versions of these documents are also available at www.canadiangeneralinvestments.ca and at www.sedarplus.com.

    FOR FURTHER INFORMATION PLEASE CONTACT:
    Jonathan A. Morgan
    President & CEO
    Phone: (416) 366-2931
    Fax: (416) 366-2729
    e-mail: cgifund@mmainvestments.com
    website: www.canadiangeneralinvestments.ca

    The MIL Network

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Antigua and Barbuda

    Source: IMF – News in Russian

    March 17, 2025

    Washington, DC: On March 13, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Antigua and Barbuda and endorsed the staff appraisal without a meeting on a lapse-of-time basis. The authorities need more time to consider the publication of the Staff Report prepared for this consultation.[2]

    Antigua and Barbuda’s post-pandemic economic expansion is continuing. Real output is estimated to have surpassed pre-pandemic levels in 2024, with growth estimated at 4.3 percent, driven by strong tourism and one-off events (including the 4th International Conference on Small Island Developing States and the T20 Cricket World Cup). Inflation was elevated in 2024, reflecting contributions from specific items, notably communication, as well as increases in indirect taxes.

    The recovery in nominal GDP, along with improved fiscal balances, brought down the public debt from around 100 percent of GDP in 2020 to 67 percent in 2024. However, gross financing needs are projected to remain around 10 percent of GDP in the medium term. Substantial domestic and external arrears, albeit with domestic arrears uncertain in size, have limited financing options. The fiscal primary balance improved to 4.6 percent in 2024, aided by indirect tax increases, a broader economic recovery, and one-off factors (e.g., nearly 2 percent of GDP from an asset forfeiture and unusually low capital spending). The 2025 Budget envisages stronger tax revenues and higher capital spending.

    According to Eastern Caribbean Central Bank (ECCB) preliminary estimates, the current account deficit narrowed to 7 percent of GDP in 2024, reflecting both a higher service trade balance—mainly tourism receipts—and a smaller goods deficit due to a contraction in imports. FDI inflows were resilient to tightening global financial conditions and continued to support ongoing hotel construction. Credit growth is recovering, with nonperforming loans contained.

    Executive Board Assessment[3]

    In concluding the 2025 Article IV consultation with Antigua and Barbuda, Executive Directors endorsed the staff’s appraisal, as follows:

    Antigua and Barbuda’s post-pandemic economic expansion continues. Economic activity, boosted by tourism, is estimated to have surpassed pre-pandemic levels. As the recovery matures, staff projects economic growth to moderate from 3 percent in 2025 to 2½ percent over the medium term. After an increase in inflation in 2024, in part reflecting one-off factors, underlying price pressures are expected to dissipate. The external position in 2024 is assessed to be moderately weaker than the level implied by medium term fundamentals and desirable policies. Efforts to raise revenue and address debt and fiscal challenges bore fruit in 2024, though further steps will be needed to restore debt sustainability, address the stock of outstanding arrears, and reduce gross financing needs in the medium term.

    Risks are currently tilted to the downside, although upside risks are also present. Downside risks emanate from elevated uncertainty about the global outlook; a deepening of geoeconomic fragmentation; commodity price volatility; climate-related vulnerabilities; and capacity constraints in the construction sector. Upside risks stem from stronger demand for tourism; improved air connectivity; new cruise port facilities; hosting of special events; and the intensification of productivity-enhancing structural reforms, which could support higher medium- and long-term growth.

    Addressing external and domestic arrears is key to broadening financing options. While the fall in nominal debt in 2024 is welcome, outstanding arrears to domestic suppliers and to the Paris Club remain obstacles to debt sustainability and constrain Antigua and Barbuda’s potential access to external and domestic financing. Given the additional vulnerabilities stemming from climate change and the resulting substantial adaption and resilience-building investment needs, efforts to address the current debt challenges, bolster government revenues, and improve public financial management are all the more critical. 

    Recent improvements in tax revenue are welcome, with further domestic revenue mobilization needed in the medium term to ensure fiscal sustainability. Antigua and Barbuda’s tax revenues remain below the authorities’ fiscal resilience guideline targets and are low by peer country standards. The authorities’ 2024 Budget measures have started to close the gap, but more will be needed in the medium term. To mobilize revenue without recourse to a personal income tax or higher ABST rates, near-term priorities could include tighter control of tax exemptions, transitioning to HS2022 classification in customs, and modernizing the framework for property taxation. Intensifying efforts to introduce a single window system at customs and to operationalize systems to allow e-filing, e-payment and e-registration of taxes is warranted. Introducing a large taxpayer unit as well as modernized IT systems would strengthen tax administration.

    Better targeted social assistance would enhance inclusion while curbing inefficiencies. The current framework of social protection is fragmented across sectors and ministries. Staff sees scope to streamline these social programs to reduce overlap and tailor social assistance to the most vulnerable households. In this vein, staff encourages the development of a centralized information system or unified database to maintain accurate records of all beneficiaries, track support received, and identify gaps or duplications in coverage.

    Room remains to strengthen fiscal institutions and oversight, building on recent progress. The operationalization of the Fiscal Responsibility Oversight Committee is welcome. To promote transparency and help build public understanding, staff encourages publication of FROC reports once further experience has been gained. These goals would also be served by parliamentary endorsement of the Fiscal Resilience Guidelines and the medium-term fiscal framework. Statutory exemptions should be consistent with the Antigua and Barbuda Investment Authority Act and the Antigua and Barbuda Investment Authority should monitor the approved projects. The envisaged reestablishment of the SOE unit in the Ministry of Finance would enhance SOE oversight and contain potential fiscal risks.

    To reinforce financial stability and build on efforts to promote financial inclusion, regional coordination remains key. Staff assesses the financial sector to be broadly stable, with credit growth recovering and non-performing loans approaching prudential levels. The launch of the regional credit bureau can promote faster access to credit while maintaining lending standards. The ECCB-led climate risk initiatives and the regional partial credit guarantee scheme should also boost credit quality and financial intermediation. A more risk-based supervisory framework for credit unions, with enhanced monitoring of asset quality and credit forbearance measures in the context of the planned regional common regulatory standards, would help put credit unions and banks on a more level playing field. The inclusion of the ECCB in the National Oversight Committee on Financial Action improves coordination among supervisory authorities. The increase in investment thresholds for the Citizenship by Investment Program and the improved due diligence process can help safeguard the program’s integrity. 

    Intensifying reforms to improve the business environment would support potential growth by improving the allocation of resources between firms and addressing obstacles to firms’ operations. Staff analysis finds potential for large aggregate productivity gains from the reallocation of resources between firms, and scope to continue addressing obstacles that firms report in areas such as workforce education, access to finance, and customs and trade regulations. Targeted efforts to increase educational opportunities, employer‑employee matching at the One Stop Employment Centre, and the completion of the Skills Demand Survey, are warranted. Offering courses at local institutions could increase financial literacy among MSMEs, and implementing the single electronic window at customs would increase the efficiency of importing and exporting of goods.

    Table 1. Antigua and Barbuda: Selected Economic and Financial Indicators

     

    Population (2023)

    102,195

    Adult literacy rate (2015)

    99

    GDP per capita (US$, 2023)

    19,627

    Mean years of schooling (2022)

    10.5

    Life expectancy at birth (years, 2022)

    79.2

    Human Development Index rank

    54

    Mortality rate (under 5, per 1,000 live births, 2022)                    10                                        (2022, of 193 economies)

     

     

     

     

     

     

     

    Est.

    Projections

    2020

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    National Income and Prices

    Real GDP

    -18.9

    8.2

    9.1

    2.4

    4.3

    3.0

    2.5

    2.5

    2.5

    2.5

    Nominal GDP

    -18.2

    13.5

    16.5

    7.5

    10.9

    6.7

    5.0

    4.6

    4.5

    4.5

    Consumer prices (end of period)

    2.8

    1.2

    9.2

    3.3

    6.0

    3.0

    2.0

    2.0

    2.0

    2.0

    Consumer prices (period average)

    1.1

    1.6

    7.5

    5.1

    6.4

    3.5

    2.4

    2.0

    2.0

    2.0

     

    Money and Credit

    Net foreign assets

    -4.4

    18.2

    3.3

    0.2

    3.3

    3.2

    3.8

    2.5

    1.3

    0.3

    Net domestic assets

    -0.6

    -4.4

    1.3

    4.4

    -1.3

    6.4

    1.3

    2.0

    3.2

    4.2

    Broad money (M2)

    -8.7

    13.9

    4.6

    4.6

    2.1

    9.5

    5.0

    4.6

    4.5

    4.5

    Credit to private sector

    4.8

    -4.1

    -2.1

    7.0

    10.2

    6.0

    5.5

    5.0

    5.0

    5.0

     

    Central Government

    Primary balance

    -3.7

    -2.3

    -0.3

    0.5

    4.6

    0.7

    0.8

    0.9

    1.0

    1.0

    Overall balance

    -6.2

    -4.5

    -2.8

    -1.7

    2.5

    -1.3

    -1.0

    -0.7

    -0.6

    -0.5

       Total revenue and grants

    19.8

    18.9

    17.9

    17.1

    21.4

    19.9

    20.1

    20.2

    20.1

    20.0

       Total expenditure

    26.0

    23.4

    20.7

    18.8

    18.9

    21.2

    21.1

    20.9

    20.7

    20.5

     

    External Sector

    Current account balance

    -15.6

    -17.8

    -15.6

    -13.5

    -7.0

    -10.5

    -10.2

    -10.1

    -9.8

    -9.5

    Trade balance

    -28.6

    -29.6

    -34.4

    -32.8

    -28.2

    -30.4

    -30.3

    -30.2

    -30.0

    -29.9

    Nonfactor service balance

    17.3

    19.5

    28.2

    28.4

    30.4

    28.8

    29.1

    29.4

    29.6

    29.9

       Of which: Gross tourism receipts

    29.2

    30.5

    44.4

    45.4

    46.8

    46.7

    47.2

    47.7

    48.1

    48.5

    Overall balance

    -6.5

    3.5

    -0.1

    -2.5

    0.5

    0.9

    1.5

    -0.1

    -1.1

    -1.4

    External public sector debt

    47.5

    45.5

    39.4

    36.0

    30.9

    31.1

    34.5

    37.3

    39.7

    39.0

     

    Savings-Investment Balance

    -15.6

    -17.8

    -15.6

    -13.5

    -7.0

    -10.5

    -10.2

    -10.1

    -9.8

    -9.5

    Savings

    22.4

    28.4

    25.4

    25.3

    28.0

    25.6

    25.2

    25.0

    24.8

    24.7

    Investment

    38.0

    46.2

    41.0

    38.8

    35.0

    36.1

    35.4

    35.0

    34.6

    34.2

     

    Memorandum Items

    Net imputed international reserves (US$ million)                      222          324           346           319          322           375           443

    491

    517

    524

      (Months of prospective imports)

    3.1

    3.2

    3.3

    3.1

    2.7

    3.0

    3.4

    3.6

    3.6

    3.5

    GDP at market prices (EC$ million)

    3,811

    4,326

    5,040

    5,416

    6,007

    6,408

    6,731

    7,037

    7,353

    7,684

    Public debt stock (EC$ million) 1/, 2/

    3,829

    4,021

    4,134

    4,134

    4,028

    4,063

    4,265

    4,410

    4,502

    4,601

      (Percent of GDP)

    100.5

    93.0

    82.0

    76.3

    67.1

    63.4

    63.4

    62.7

    61.2

    59.9

    Sources: Country authorities, ECCB, UN Human Development Report, World Bank, and IMF staff estimates and projections.

    1/ Includes stock of principal and interest arrears, unpaid vouchers, and suppliers’ credits.

    2/ Includes central government guarantees of state enterprises’ and statutory bodies’ debt.

                                 

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The authorities have requested additional time to decide on the publication of the staff report. A final decision is expected not later than 28 days from the Board consideration date.

    [3] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

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

    https://www.imf.org/en/News/Articles/2025/03/17/pr25067-antigua-and-barbuda-imf-executive-board-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Security: Justice Department Announces Launch of Joint Task Force October 7

    Source: United States Attorneys General

    The Justice Department today announced the leadership team and membership of Joint Task Force October 7 (JTF 10-7), an initiative that will seek justice for the victims of the Oct. 7, 2023, terrorist attack in Israel and address the ongoing threat posed by Hamas and its affiliates.

    “The barbaric Hamas terrorists will not win—and there will be consequences,” said Attorney General Pamela Bondi. “As Attorney General, I have had the solemn honor of meeting with several families of U.S. citizens whose loved ones were kidnapped by Hamas on that dark day. This task force will strengthen the Department’s resolve to achieve justice for these families and their loved ones as we continue to fight antisemitism in all its forms.”

    The Attorney General established JTF 10-7 on her first day in office, demonstrating the high priority the Justice Department is placing on honoring the memories of the approximately 1,200 people murdered by Hamas in the attack, including 47 U.S. citizens, and supporting the approximately 250 additional people that Hamas abducted, including 8 U.S. citizens.

    JTF 10-7 will focus on targeting, charging, and securing for prosecution in the United States the direct perpetrators of the October 7 attack — the terrorists on the ground that day who murdered and kidnapped innocent civilians. JTF 10-7 will also assume responsibility for the pending charges against Hamas leadership relating to the October 7 attack and other acts of terrorism, and to bring those criminals to the United States to face justice for their reprehensible role in these atrocities. Finally, JTF 10-7 will investigate acts of terrorism and civil rights violations by individuals and entities providing support and financing to Hamas, related Iran proxies, and their affiliates, as well as acts of antisemitism by these groups.

    “The victims of Hamas’s decades-long violent campaign of terrorism against Israel will always have the support of the U.S. government, and the Department will no longer permit illegal support of Hamas on our campuses and elsewhere in the homeland,” said Deputy Attorney General Todd Blanche. “Antisemitic acts of terrorism – whether here or abroad – will never go unpunished. This task force represents our unyielding commitment to those who have suffered at the hands of these brutal terrorists.”

    “The FBI is committed to establishing the Joint Task Force October 7 to continue the FBI’s investigative and victim assistance efforts related to the horrific acts of terror committed by Hamas,” said FBI Director Kash Patel. “Working with our federal and international partners, this task force is a collaborative initiative between agencies, and together we will work to accomplish our vital counterterrorism mission.”

    JTF 10-7 will be led by a senior counterterrorism prosecutor from the Justice Department’s National Security Division (NSD), a senior FBI Special Agent as the Task Force Commander, and an FBI Intelligence Analyst as Deputy Task Force Commander, all under the supervision of the Office of the Deputy Attorney General. JTF 10-7 will also include trial attorneys from NSD, the Civil Rights Division, the Criminal Division’s Money Laundering and Asset Recovery Section, Assistant U.S. Attorneys from the U.S. Attorney’s Office for the Eastern District of Virginia, and other detailees, with additional dedicated support from the Department’s Office of International Affairs.

    JTF 10-7 will be supported by dedicated FBI agents, analysts, forensic accountants, data scientists, and linguists who are mostly co-located in Virginia. These professionals will contribute to JTF 10‑7’s expertise in investigating and prosecuting domestic and extraterritorial terrorism cases, including terrorism-financing matters, and serve as points of contact with the FBI’s Hostage Recovery Fusion Cell and Victim Services Division.

    The FBI will coordinate with other law enforcement and intelligence agencies on JTF 10-7 activities, as well as foreign counterparts through the FBI’s Legal Attaché office in Israel. FBI agents will be embedded with Israel’s National Bureau of Counter Terror Finance, which has already been a tremendous partner in the ongoing investigations.

    These efforts will build on the Justice Department’s ongoing investigations into the perpetrators of these heinous acts and demonstrate the Department’s commitment to degrading and dismantling Hamas, holding Hamas supporters accountable, achieving justice for victims, and fighting terrorist-led antisemitism.

    MIL Security OSI

  • MIL-OSI USA: SBA Announces 2025 National Small Business Week Program and Specialty Award Winners

    Source: United States Small Business Administration

    WASHINGTON — Today, the U.S. Small Business Administration announced the national program and specialty award winners for SBA’s 2025 National Small Business Week, which will take place May 4-10, 2025. These awards recognize businesses and resource partners for their efforts in government contracting and disaster recovery as well as individual awards for exporter, small business investment company and surety bond agent of the year.

    “The Small Business Administration is proud to recognize excellence across our small businesses and key resource partners,” SBA Administrator Kelly Loeffler said. “As we prepare to highlight just a few of the many success stories during National Small Business Week, we are laser-focused on our mission to empower American job creators and drive economic growth.”

    Government Contracting-related Awards

    8(a) Graduate of the Year: Owner/President Gina Hill, G.M. Hill Engineering Inc., Jacksonville, Fla.

    Small Business Prime Contractor of the Year: President and CEO Karen Renee Paschal, Conco Inc., Louisville, Ky.

    Small Business Subcontractor of the Year: President and CEO Antonio Martinez, Renaissance Global Services LLC, Holmdel, N.J.

    Dwight D. Eisenhower Awards for Excellence

    These awards recognize small business prime contractors that have excelled in using small businesses as suppliers and subcontractors in various industries.

    • Construction: Vice President, Contracts and Compliance Glenn Sweatt, Environmental Chemical Corporation, Burlingame, Calif.
    • Manufacturing: Executive Director, Supplier Diversity and Sustainability Rondu Vincent, Bristol Myers Squibb, Lawrence Township, N.J.
    • Services: Small Business Liaison Officer and Senior Manager of Supply Chain Excellence Lisa Tanner, Savannah River Nuclear Solutions, Aiken, S.C.

    Phoenix Awards for Disaster Recovery

    These awards recognize inspiring resilience in the aftermath of devastating natural disasters and outstanding contributions toward recovery efforts.

    Small Business: Luis and Amy Fuentes Ruiz, Island Catering LLC, Lahaina, Hawaii

    Outstanding Contributions, Public Official: Mayor Jennifer Linam Hobbs, Wynne, Ark.

    Outstanding Contributions, Volunteer: Senior Pastor John Grayson, Gospel Tabernacle Church, Selma, Ala.

    SBA Resource Partner Awards

    These awards recognize SBA-funded training and assistance partners for their impact on local economic growth, job creation and entrepreneurial support.

    SCORE Chapter of the Year: SCORE Greater Seattle, Seattle, Wash., led by Chapter Chair Suvendoo Ray

    Small Business Development Center Excellence and Innovation Center Award: Angelo State University Small Business Development Center, San Angelo, Texas, led by Director Dezaray Kathlaine Johnson

    Women’s Business Center of Excellence Award: Women’s Business Center of Utah, Salt Lake City, Utah, led by Director Anne Marie Wallace

    Veterans Business Outreach Center of the Year: Veterans Business Outreach Center at University of Texas Arlington College of Business, Arlington, Texas, led by Director Patrick Alcorn

    Exporter of the Year

    President and CEO Louis Auletta and Senior Vice President, Sales and Marketing Michael Auletta, Bauer Inc., Bristol, Conn.

    Small Business Investment Company of the Year – Established Manager

    GMB Capital Partners, Minneapolis, Minn.

    Surety Bond Agent of the Year

    Vice President of Bond Operations Alicia Marasco, Capstone Risk Management Services, Las Vegas, Nev.

    Details on the National Small Business Week virtual summit, registrations and speakers are featured on National Small Business Week and will be updated as additional information and activities are confirmed. Local events will be featured on Find upcoming events and identifiable by searching with #SmallBusinessWeek.  

    # # #

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-Evening Report: What is the rules-based order? How this global system has shifted from ‘liberal’ origins − and where it could be heading next

    Source: The Conversation (Au and NZ) – By Andrew Latham, Professor of Political Science, Macalester College

    Global order? Put a pin in it. Getty Images

    The phrase “international rules-based order” has long been a fixture in global politics.

    Western leaders often use it to describe a framework of rules, norms and institutions designed to guide state behavior. Advocates argue that this framework has provided the foundation for decades of stability and prosperity, while critics question its fairness and relevance in today’s multipolar world.

    But what exactly is the international rules-based order, when did it come about, and why do people increasingly hear about challenges to it today?

    The birth of a universal vision

    The rules-based international order, initially known as the “liberal international order,” emerged from the devastation of World War II. The vision was ambitious and universal: to create a global system based on liberal democratic values, market capitalism and multilateral cooperation.

    At its core, however, this project was driven by the United States, which saw itself as the unmatched leader of the new order.

    The idea was to replace the chaos of great power politics and shifting alliances with a predictable world governed by shared rules and norms.

    Central to this vision was the establishment of institutions such as the United Nations, the International Monetary Fund and the World Bank. These institutions, alongside widely accepted norms and formalized rules, aimed to promote political cooperation, the peaceful resolution of disputes, and economic recovery for countries damaged by war.

    However, the vision of a truly universal liberal international order quickly unraveled. As the Cold War set in, the world split into two competing blocs. The Western bloc, led by the United States, adhered to the principles of the liberal international order.

    Meanwhile, the Soviet-led communist bloc established a parallel system with its own norms, rules and institutions. The Warsaw Pact provided military alignment, while the Council for Mutual Economic Assistance managed economic cooperation. The communist bloc emphasized state-led economic planning and single-party rule, rejecting the liberal order’s emphasis on democracy and free markets.

    Emerging cracks

    When the Soviet Union collapsed in the early 1990s, the liberal international order appeared to have triumphed. The United States became the world’s sole superpower, and many former communist states integrated into Western institutions. For a brief period, the order’s universal vision seemed within reach.

    By the 1990s and early 2000s, however, new cracks began to appear.

    NATO expansion, the creation of the World Trade Organization and greater emphasis on human rights through institutions such as the International Criminal Court all closely aligned with Western liberal values. The spread of these norms and the institutions enforcing them appeared, to many outside the West, as Western ideology dressed up as universal principles.

    In response to mounting criticism, Western leaders began using the term rules-based international order instead of liberal international order. This shift aimed to emphasize procedural fairness – rules that all states, in theory, had agreed upon – rather than a system explicitly rooted in liberal ideological commitments. The focus moved from promoting specific liberal norms to maintaining stability and predictability.

    New challenges to the status quo

    China’s rise has brought these tensions into sharp relief. While China participates in many institutions underpinning the rules-based international order, it also seeks to reshape them.

    The Belt and Road Initiative and the Asian Infrastructure Investment Bank illustrate Beijing’s efforts to establish alternative frameworks more aligned with its interests. These initiatives challenge existing rules and norms by offering new institutional pathways for economic and political influence.

    Meanwhile, Russia’s actions in Ukraine – especially the annexation of Crimea in 2014 and the 2022 invasion – challenge the order’s core principles of sovereignty and territorial integrity.

    Western inconsistencies have long undermined the credibility of the rules-based order. The 2003 U.S.-led invasion of Iraq, widely criticized for bypassing international norms and institutions, exemplified a selective application of the rules. This double standard extends toward Washington’s selective engagement with international legal bodies and its inconsistent approach to sovereignty and intervention.

    An uncertain future

    Supporters argue that the rules-based order remains vital for addressing global challenges such as climate change, pandemics and nuclear proliferation.

    However, ambiguity surrounds what these “rules” actually entail, which norms are genuinely universal, and who enforces them.

    This lack of clarity, coupled with shifting global power dynamics, complicates efforts to sustain the system.

    The future of the rules-based international order is uncertain. The shift from “liberal” to “rules-based” reflected an ongoing struggle to adapt a complex web of rules, norms and institutions to a rapidly changing international environment.

    Whether it evolves further, splinters or endures as is will depend on how well it balances fairness, inclusivity and stability in an increasingly multipolar world.

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

    ref. What is the rules-based order? How this global system has shifted from ‘liberal’ origins − and where it could be heading next – https://theconversation.com/what-is-the-rules-based-order-how-this-global-system-has-shifted-from-liberal-origins-and-where-it-could-be-heading-next-250978

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Justice Department Announces Launch of Joint Task Force October 7

    Source: US State Government of Utah

    The Justice Department today announced the leadership team and membership of Joint Task Force October 7 (JTF 10-7), an initiative that will seek justice for the victims of the Oct. 7, 2023, terrorist attack in Israel and address the ongoing threat posed by Hamas and its affiliates.

    “The barbaric Hamas terrorists will not win—and there will be consequences,” said Attorney General Pamela Bondi. “As Attorney General, I have had the solemn honor of meeting with several families of U.S. citizens whose loved ones were kidnapped by Hamas on that dark day. This task force will strengthen the Department’s resolve to achieve justice for these families and their loved ones as we continue to fight antisemitism in all its forms.”

    The Attorney General established JTF 10-7 on her first day in office, demonstrating the high priority the Justice Department is placing on honoring the memories of the approximately 1,200 people murdered by Hamas in the attack, including 47 U.S. citizens, and supporting the approximately 250 additional people that Hamas abducted, including 8 U.S. citizens.

    JTF 10-7 will focus on targeting, charging, and securing for prosecution in the United States the direct perpetrators of the October 7 attack — the terrorists on the ground that day who murdered and kidnapped innocent civilians. JTF 10-7 will also assume responsibility for the pending charges against Hamas leadership relating to the October 7 attack and other acts of terrorism, and to bring those criminals to the United States to face justice for their reprehensible role in these atrocities. Finally, JTF 10-7 will investigate acts of terrorism and civil rights violations by individuals and entities providing support and financing to Hamas, related Iran proxies, and their affiliates, as well as acts of antisemitism by these groups.

    “The victims of Hamas’s decades-long violent campaign of terrorism against Israel will always have the support of the U.S. government, and the Department will no longer permit illegal support of Hamas on our campuses and elsewhere in the homeland,” said Deputy Attorney General Todd Blanche. “Antisemitic acts of terrorism – whether here or abroad – will never go unpunished. This task force represents our unyielding commitment to those who have suffered at the hands of these brutal terrorists.”

    “The FBI is committed to establishing the Joint Task Force October 7 to continue the FBI’s investigative and victim assistance efforts related to the horrific acts of terror committed by Hamas,” said FBI Director Kash Patel. “Working with our federal and international partners, this task force is a collaborative initiative between agencies, and together we will work to accomplish our vital counterterrorism mission.”

    JTF 10-7 will be led by a senior counterterrorism prosecutor from the Justice Department’s National Security Division (NSD), a senior FBI Special Agent as the Task Force Commander, and an FBI Intelligence Analyst as Deputy Task Force Commander, all under the supervision of the Office of the Deputy Attorney General. JTF 10-7 will also include trial attorneys from NSD, the Civil Rights Division, the Criminal Division’s Money Laundering and Asset Recovery Section, Assistant U.S. Attorneys from the U.S. Attorney’s Office for the Eastern District of Virginia, and other detailees, with additional dedicated support from the Department’s Office of International Affairs.

    JTF 10-7 will be supported by dedicated FBI agents, analysts, forensic accountants, data scientists, and linguists who are mostly co-located in Virginia. These professionals will contribute to JTF 10‑7’s expertise in investigating and prosecuting domestic and extraterritorial terrorism cases, including terrorism-financing matters, and serve as points of contact with the FBI’s Hostage Recovery Fusion Cell and Victim Services Division.

    The FBI will coordinate with other law enforcement and intelligence agencies on JTF 10-7 activities, as well as foreign counterparts through the FBI’s Legal Attaché office in Israel. FBI agents will be embedded with Israel’s National Bureau of Counter Terror Finance, which has already been a tremendous partner in the ongoing investigations.

    These efforts will build on the Justice Department’s ongoing investigations into the perpetrators of these heinous acts and demonstrate the Department’s commitment to degrading and dismantling Hamas, holding Hamas supporters accountable, achieving justice for victims, and fighting terrorist-led antisemitism.

    MIL OSI USA News

  • MIL-OSI: Coface SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 10, 2025 to March 14, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on March 10, 2025 to March 14, 2025

    Paris, 17 March 2025 – 17.45

    Pursuant to Regulation (EU) No 596/2014 of 16 April 2014 on market abuse1

    The main features of the 2024-2025 Share Buyback Program have been published on the Company’s website (http://www.coface.com/Investors/Disclosure-requirements, under “Own share transactions”) and are also described in the 2023 Universal Registration Document.

    Trading session
    of (Date)
    Number
    of shares
    Weighted
    average price
    Gross amount MIC Code Purpose
    of buyback
    10/03/2025 12,000 16.5508 € 198,609 € XPAR LTIP
    11/03/2025 11,478 16.4003 € 188,243 € XPAR LTIP
    12/03/2025 9,000 16.5253 € 148,727 € XPAR LTIP
    13/03/2025 9,000 16.5720 € 149,148 € XPAR LTIP
    14/03/2025 8,500 16.7526 € 142,397 € XPAR LTIP
    Total 10/03/2025 – 14/03/2025 49,978 16.5498 € 827,125 €   LTIP

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA


    1 Also in pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (and updates); Article L.225-209 and seq. of the French Commercial Code; Article L.221-3, Article L.241-1 and seq. of the General Regulation of the French Market Authority (AMF); AMF Recommendation DOC-2017-04 Guide for issuers on their own shares transactions and for stabilization measures.

    Attachment

    The MIL Network

  • MIL-OSI Global: Canada’s local food system faces major roadblocks without urgent policy changes

    Source: The Conversation – Canada – By Rosie Kerr, Research Associate, Sustainable Food Systems Lab, Lakehead University

    As Canada’s trade conflict with the United States escalates, governments are encouraging Canadians to buy local to support the country’s economic, social and environmental stability and independence.

    But while enthusiasm in purchasing locally made food is growing, actually identifying Canadian products in grocery stores is often confusing. Decades of free trade have deeply integrated Canada’s food supply chains with the U.S., making it difficult to determine what is actually local.




    Read more:
    Trump tariffs have sparked a ‘Buy Canadian’ surge, but keeping the trend alive faces hurdles


    Even for Canadian-owned companies, most food products are enmeshed in global supply chains and often contain a mix of Canadian and foreign ingredients.

    Canada’s beef industry is a striking example of this. Two multinational corporations — American-owned Cargill and Brazilian-owned JBS — process more than 95 per cent of beef produced in Canada. This means that even if some of the food consumers purchase is labelled as Canadian-owned, the economic benefit may be flowing outside the country

    As food systems researchers and practitioners who have explored ways for Canadians to feed themselves in equitable and sustainable ways, it has become clear that local food systems lack the infrastructure and supply to meet increasing demand.

    What’s holding local food systems back?

    In collaboration with Sustain, an Ontario-wide network that promotes healthy, just and sustainable food and farming, we conducted a study to understand the policy priorities of organizations and businesses working to build local food economies in regions across the province.

    Ontario already has a vibrant network of farmers, organizations and food entrepreneurs ready to meet local food demand. However, systemic challenges continue to hinder their ability to scale up production and distribution.

    To better understand how to support Ontario’s food system, we surveyed over 90 organizations working in different food-related sectors.

    Through this research, we developed a series of policy reports focused on supporting aspiring farmers, protecting land for food production and strengthening local food systems.

    Our findings show that regulatory changes to support small- and medium-sized enterprises and key investments could remove barriers and allow local food economies to flourish.

    Smaller farms struggling to survive

    Our study identified several barriers holding back Ontario’s local food economy. The first set of barriers are on the supply side. A strong local food system depends on a strong network of farmers. However, many small- and medium-sized farms that supply local markets face disproportionate barriers that threaten their survival.

    Many current government policies favour large-scale food production, making it difficult for smaller farmers to flourish.

    Compounding the issue is Canada’s looming farm succession crisis. More than 40 per cent of farmers in Canada are expected to retire by 2033, yet many aspiring farmers cannot afford to purchase farms or access start-up capital. When farmers can’t afford land, it’s often sold for non-agriculture uses.

    To tackle these barriers, our study calls for provincially supported low-interest loan programs to finance down-payments, construction and equipment. Strengthening policies to protect farmland from urban sprawl, among other strategies, is also essential, as is expanding access to public land for local, ecological food production.

    Processing, distribution bottlenecks

    The second set of barriers we identified affect the farm-to-plate process. Small- and medium- sized farmers need better access to retail opportunities to sell fresh produce, along with the infrastructure to process raw foods into products like flour, packaged meats, jams, sauces and pickles.

    This is especially evident in Ontario’s meat-processing sector, where a shortage of local abattoirs has led to long wait times.

    To address these issues, our study recommends increased investment in regional food hubs. Food hubs are shared-use facilities that manage the aggregation, processing and distribution of food products from local and regional producers, giving them better access to markets.

    These hubs are essential to meeting the growing demand coming for sustainable, local food from businesses, public institutions and school food programs. But they are only part of the picture.

    We also identified funding opportunities that could bolster local food economies. These include expanding Ontario’s Fair Finance Fund to provide more financing options for regional food enterprises and supporting new abattoirs through the expansion of the Meat Processors Capacity Improvement Initiative.

    A co-ordinated strategy is needed

    Ontario manufacturers, retailers and farmers have all shown a willingness to expand local food production, but they need better support from policymakers to make it viable. There must be policies in place to support local food production and processing, remove key barriers and prioritize much-needed investments.

    Across Canada, other provinces and territories face similar challenges in building strong local food networks. Most of the recommendations we heard are similarly outlined across different regions.

    With consumer interest in local food on the rise, this is a critical moment for governments at all levels to improve avenues for new farmers, invest in processing and storage facilities and build local distribution networks — all essential to building a robust local food system.

    Moe Garahan, a board member of Sustain Ontario, co-authored this article.

    Rosie Kerr receives funding from the Social Sciences and Humanities Research Council of Canada.

    Charles Z. Levkoe receives funding from the Social Sciences and Humanities Research Council of Canada and the Government of Ontario.

    Leigh Potvin receives funding from the Social Sciences and Humanities Research Council of Canada, the Ontario Council for Articulation and Transfer, the Government of Nova Scotia, and the University of the Arctic.

    ref. Canada’s local food system faces major roadblocks without urgent policy changes – https://theconversation.com/canadas-local-food-system-faces-major-roadblocks-without-urgent-policy-changes-251578

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Revised Council Tax Support Scheme introduced

    Source: City of Liverpool

    A simplified Council Tax Support Scheme for working age people is coming into operation in Liverpool next month.

    Council Tax Support is a discount which helps households on low incomes with their annual bill.

    Around a third of households in Liverpool are in receipt of the benefit.

    The changes, which begin in April, have been designed to support people on the lowest incomes, ensure they are easy to understand and provides incentives for people moving into work.

    Households will get a 12-month award so they know how much their Council Tax bill will be reduced by over a year, enabling them to budget.

    The changes also align with Universal Credit and provide some certainty for people moving into or out of work, whilst continuing to provide support to those that need it most.

    The new-look scheme is designed to be financially sustainable but is still one of the most generous among the UK’s big ‘core’ cities and in the Liverpool City Region.

    The upper and lower limits in net earning bands have been extended by £50 per week for couples, while for households with children they are increased by £25 per child per week.

    The maximum percentage of Council Tax discounted has changed from 91.5 per cent to 84 per cent, and awards are capped at the level of a Band B property, which has an annual bill of £1,980.57.

    More information is available at https://liverpool.gov.uk/counciltaxsupport.

    The new changes do not affect the Council Tax Support Scheme for pensioner households, the rules for which are controlled by central Government.

    Deputy Council Leader and Cabinet Member for Finance, Resources and Transformation, Cllr Ruth Bennett, said: “We are hugely proud of the range of support we offer to the most vulnerable residents in Liverpool and take our responsibility extremely seriously.

    “However, we need to make sure that the Council Tax Support Scheme is affordable and sustainable in the long-term.

    “The changes make the scheme simpler to understand, and also provide households with a level of certainty by enabling them to know how much they will receive over a 12-month period, and is focused on providing support for those who need it most.

    “Our Council Tax Support Scheme remains one of the most generous among the big cities and within the Liverpool City Region.”

    MIL OSI United Kingdom

  • MIL-OSI Africa: African Development Bank, African Water Facility, Association of European Development Finance Institutions to hold Investment Event for Water and Sanitation in Africa

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, March 17, 2025/APO Group/ —

    The African Development Bank Group (www.AfDB.org), African Water Facility (www.AfricanWaterFacility.org), and the Association of European Development Finance Institutions (https://EDFI.eu/) will host a high-level event to generate investment for water and sanitation services in Africa. Taking place on 18 March 2025 in Brussels, the event will bring together development finance institutions, private sector investors, and philanthropic organizations.

    During the event, the African Development Bank and African Water Facility will showcase investment-ready projects and those in their pipeline, offering opportunities for investors and development financiers to support high-impact water and sanitation projects, including homegrown solutions that will drive economic growth, social stability, and public health improvements across Africa.

    Why This Matters

    Africa faces significant water and sanitation challenges, amplified by increasing pressure on strained water resources by the continent’s growing population, which is expected to double by 2050. Currently, 411 million people lack access to safe drinking water, 779 million are without essential sanitation services, and 839 million do not have access to basic hygiene services, according to a 2020 report by UNICEF and the World Health Organization (WHO).

    This lack of access contributes to severe public health challenges, including the spread of waterborne diseases such as cholera and diarrhea, which have caused over 400,000 deaths annually on the continent, according to the WHO.

    The economic cost of inadequate access to water and sanitation is also high. Inadequate sanitation alone results in losses of up to $5.5 billion per year in sub-Saharan Africa due to healthcare costs and lost productivity. However, investing in climate-resilient water and sanitation services could yield at least $7 in economic returns for every $1 spent.

    “Water and sanitation infrastructure is fundamental to economic growth. Investing in it is not only a necessity, but good business sense. By securing funding for high-impact projects, we can create jobs, improve public health, and grow local economies,” said Mtchera Chirwa, Director for Water Development and Sanitation at the African Development Bank and Coordinator of African Water Facility.

    Beyond funding, the event will facilitate discussions on public-private partnerships, blended finance models, and innovative financing mechanisms to accelerate progress in achieving United Nations Sustainable Development Goal 6 – universal access to clean water and sanitation by 2030.

    Association of European Development Finance Institutions (https://EDFI.eu/) CEO David Kuijper said. “As stakeholders in development, together, we have the resources to make transformative change happen. The Association of European Development Finance Institutions (https://EDFI.eu/) values the partnership with the African Development Bank and African Water Facility to convene this event to find financial and technical resources for solutions through projects already on the market in Africa.”

    MIL OSI Africa

  • MIL-OSI Africa: One Week to Go to the Inaugural Congo Energy & Investment Forum

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Congo (Republic of the), March 17, 2025/APO Group/ —

    The highly anticipated Congo Energy & Investment Forum (CEIF) 2025 is just one week away. Taking place in Brazzaville from March 24-26, the forum will be held under the theme, Securing Growth and Investment in a New Era. With a comprehensive agenda and an impressive roster of high-level speakers, CEIF 2025 brings together top energy executives, investors and policymakers for three days of robust discussions, deal-signings and exhibitions.

    Under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and the Republic of Congo’s national oil company Société Nationale des Pétroles du Congo (SNPC), CEIF 2025 highlights the country’s expanding influence in Africa’s energy landscape. The forum will bring together a diverse range of participants, including SNPC subsidiaries, international oil companies, Congolese and foreign banks, energy organizations and technology providers.

    The inaugural Congo Energy & Investment Forum, set for March 24-26, 2025, in Brazzaville, under the highest patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and Société Nationale des Pétroles du Congo, will bring together international investors and local stakeholders to explore national and regional energy and infrastructure opportunities. The event will explore the latest gas-to-power projects and provide updates on ongoing expansions across the country.

    The conference will kick off with technical sessions, focused on Congo’s oil and gas market, highlighting the latest advancements in the country’s efforts to expand production, revitalize mature fields and capitalize on its immense reserves. The technical sessions will cover monetizing stranded gas, infrastructure development and opportunities to position Congo as a regional hub.

    The CEIF 2025 program will feature a variety of dedicated panel sessions, technical workshops and presentations designed to provide deep insights into the latest developments and opportunities across the entire energy value chain. Attendees will gain valuable knowledge about ongoing and upcoming projects that contribute to Congo’s energy goals, as well as broader trends affecting the sector.

    One of the highlights of CEIF 2025 will be the official unveiling of Congo’s new Gas Master Plan, which aims to consolidate the country’s existing gas assets while attracting new investments into the sector. Furthermore, a new Gas Code will be unveiled at CEIF 2025 to establish a supportive legal and regulatory framework for gas exploration and production investments.

    As part of an ambition to double oil production to 500,000 barrels per day by 2027, CEIF 2025 will feature the launch of the country’s new oil and gas licensing round. The licensing round will offer onshore, offshore and marginal acreage to potential investors and developers. As such, CEIF 2025 offers a platform for delegates to connect with leading figures in Congo’s energy space. Deal signings will be a focal point of the forum, providing an environment where key decision-makers can engage to forge new business relationships.

    High-level speakers at this monumental forum include Bruno Jean-Richard Itoua, Congo’s Minister of Hydrocarbons; Maixent Raoul Ominga, Director General of the SNPC; Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers’ Organization; and Haitham Al Ghais, Secretary General of OPEC, among many others. As the premier gathering for energy players in Africa, CEIF 2025 represents the ideal platform to discuss, showcase and maximize growth and partnership investment opportunities across Congo and Central Africa.

    “With one week out, we are positive that CEIF 2025 will cement its position as a pivotal platform for fostering investment, exploring energy opportunities and driving growth in Congo’s dynamic energy sector. As the inaugural edition, this premier event is sure to provide attendees with invaluable knowledge and insights into the region’s robust and burgeoning industry,” states Sandra Jeque, Events and Project Director at Energy Capital & Power.

    MIL OSI Africa

  • MIL-OSI Security: Tonasket Man Charged with Receiving and Possessing Sexually Explicit Material from Minors

    Source: Office of United States Attorneys

    Spokane, Washington – Acting United States Attorney Richard R. Barker announced today that Daniel John Kraft, age 41, was charged by criminal complaint on one count of Receipt of Child Pornography and one count of Possession of Child Pornography. Kraft was arraigned in federal court on March 10, 2025.

    According to court documents, in September 2024, the Sanders County Montana Sheriff’s Office (SCSO) developed information that Snapchat user “smokeweed5468” was soliciting sexual images from a minor. “Smokeweed5468” also told the minor he knew where they lived and threatened to kidnap the minor and take them to Mexico.

    Investigators obtained a warrant for the Snapchat account for “smokeweed5468.” The records from Snapchat contained more than a dozen sexually explicit videos of minors. “Smokeweed5468” also used Snapchat to offer the minors drugs and money and asked if the minors would be willing to sneak out and meet with him.

    Investigators learned the Snapchat account was allegedly being used at home in Tonasket, Washington, owned by Kraft. The Okanogan County Sheriff’s Office (OCSO) confirmed Kraft lived at the home. OCSO also confirmed Kraft was a registered sex offender for violations committed in 2013.

    On March 5, 2025, the Washington State Patrol took Kraft into custody at his home in Tonasket. Investigators seized several electronic devices. A search of Kraft’s cellphone allegedly revealed Snapchat running in the background of the device. In addition, investigators allegedly located several sexually explicit images involving minors on Kraft’s phone that were also on the “smokeweed5468” Snapchat account. 

    This case is being investigated by Homeland Security Investigations, Seattle Police Department, Washington State Patrol, the Eastern Region Washington Internet Crimes Against Children (ICAC) Task Force, Sanders County Sheriff’s Office, and the Okanogan County Sheriff’s Office.

    This case is being prosecuted by Assistant United States Attorney Stephanie Van Marter.

    2:25-mj-00091-JAG

    A complaint is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI: WithSecure Corporation: SHARE REPURCHASE 17.3.2025

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, STOCK EXCHANGE RELEASE, 17 March 2025 at 6.30 PM (EET)
         
         
    WithSecure Corporation: SHARE REPURCHASE 17.3.2025
         
    In the Helsinki Stock Exchange    
         
    Trade date           17.3.2025  
    Bourse trade         Buy  
    Share                  WITH  
    Amount             15 000 Shares
    Average price/ share    0,9391 EUR
    Total cost            14 086,50 EUR
         
         
    WithSecure Corporation now holds a total of 166 890 shares
    including the shares repurchased on 17.3.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
         
    On behalf of Withsecure Corporation  
         
    Nordea Bank Oyj    
         
    Janne Sarvikivi           Sami Huttunen  
         
         
    Contact information:    
    Laura Viita    
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation    
    Tel. +358 50 4871044    
    Investor-relations@withsecure.com    
         
         
         

    Attachment

    The MIL Network

  • MIL-OSI Canada: Canadian Agricultural Safety Week: Minister Sigurdson

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI Security: Palm Coast Man Indicted For Distributing, Receiving, And Possessing Child Sexual Abuse Material

    Source: Office of United States Attorneys

    Orlando, Florida – Acting United States Attorney Sara C. Sweeney announces the  unsealing of an indictment charging Jonathan Albert Carter (44, Palm Coast) with one count of distribution, two counts of receiving, and one count of possessing child sexual abuse material (CSAM). If convicted on all counts, Carter faces a mandatory minimum sentence of 5 years, up to 20 years, in federal prison for each of the distribution and receipt charges, and up to 20 years’ imprisonment, for the possession of CSAM. 

    According to the indictment, on or about August 13, 2021, Carter knowingly distributed CSAM. On or about December 12, 2022, and on or about November 19, 2023, Carter knowingly received CSAM, and on or about January 4, 2023, Carter possessed CSAM that depicted a minor who had not yet attained 12 years of age.

    An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

    This case was investigated by the Federal Bureau of Investigation. It will be prosecuted by Assistant United States Attorney Kaley Austin-Aronson.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI Security: Hot Springs Man Sentenced to More Than 4 Years in Prison for Money Laundering and Wire Fraud

    Source: Office of United States Attorneys

    HOT SPRINGS – An Arkansas man was sentenced on March 12, 2025, to 57 months in federal prison and ordered to pay $252,344.00 in restitution, followed by three years of supervised release following his guilty pleas to money laundering and wire fraud charges.  The Honorable Chief Judge Susan O. Hickey presided over the sentencing hearing, which took place in the United States District Court in Hot Springs, Arkansas.

    According to court documents, John Christopher Bates, 57, waived indictment by a grand jury and pleaded guilty to an information charging him with money laundering and wire fraud. The two counts related to separate schemes, one involving false applications for benefits to the Arkansas Department of Workforce Services, who administers the state’s distribution of Pandemic Unemployment Assistance.  The other related to Bates’s fraudulent applications for Economic Impact Disaster Loans, totaling more than $1 million. 

    U.S. Attorney David Clay Fowlkes of the Western District of Arkansas made the announcement.

    The Internal Revenue Service Criminal Investigation, the Treasury Inspector General for Tax Administration, and the Department of Labor Office of the Inspector General investigated the case.

    Assistant U.S. Attorneys Trent Daniels and Hunter Bridges prosecuted the case.

    Related court documents may be found on the Public Access to Electronic Records website at www.pacer.gov.

    MIL Security OSI

  • MIL-OSI Security: New task force launched in Virginia to eliminate transnational criminal organizations

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

    ALEXANDRIA, Va. – U.S. Attorney Erik S. Siebert of the Eastern District of Virginia along with federal and state partners announced today the recently established Virginia Homeland Security Task Force (VHSTF), an interagency group founded to combat transnational organized crime and coordinate ongoing immigration enforcement efforts across Virginia. In the two weeks since the VHSTF’s creation on March 3, task force members have arrested 247 individuals.

    Hundreds of personnel are supporting the task force, including representatives from U.S. Attorney’s Offices for the Eastern and Western Districts of Virginia; Bureau of Alcohol, Tobacco, Firearms, and Explosives; Drug Enforcement Administration; FBI’s Washington, Norfolk, and Richmond Field Offices; Homeland Security Investigations; Immigration and Customs Enforcement; U.S. Customs and Border Protection; U.S. Marshals Service; Virginia Department of Corrections; Virginia Office of the Attorney General; Virginia Secretary of Public Safety and Homeland Security; Virginia State Police; and the Washington/Baltimore High Intensity Drug Trafficking Area Task Force.

    The VHSTF is part of Operation Take Back America, which streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN). HSTFs, which were established by President Trump in Executive Order 14159, Protecting the American People Against Invasion, are joint operations led by the Department of Justice and the Department of Homeland Security. Operation Take Back America is a nationwide federal initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime.

    The VHSTF is the first of these task forces. Task force members are building on existing partnerships and initiatives to enforce immigration laws and policies to dismantle TCOs threatening the safety of millions of Virginians.

    These organizations operate across international borders, wholly or in part, by illegal means. Regardless of structure, TCOs destabilize local communities and fuel violence by engaging in drug trafficking, firearms trafficking, human trafficking, assault, kidnapping, murder, and extortion.

    One of the VHSTF’s goals is the elimination of TCOs across Virginia. Task force members seek to target these organizations’ infrastructures — including leaders, intermediaries, and street-level offenders — utilizing the State Department’s new foreign terrorist designations of various gangs, such as Mara Salvatrucha (MS-13); Cártel de Sinaloa; and Tren de Aragua (TdA). Under the guidance provided by Attorney General Pamela Bondi, leaders and managers of cartels and TCOs may be prosecuted for such crimes as terrorism, racketeering, continuing criminal enterprise offenses, violations of the Foreign Narcotics Kingpin Designation Act, and violations of the International Emergency Economic Powers Act.

    To date, the VHSTF has arrested numerous gang affiliates, including 18 MS-13 affiliates, six TdA affiliates, and 12 individuals affiliated with other TCOs.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia.

    MIL Security OSI

  • MIL-OSI: Payden & Rygel Receives 2025 LSEG Lipper Fund Award for the Payden California Municipal Social Impact Fund (PYCRX)

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, March 17, 2025 (GLOBE NEWSWIRE) — Payden & Rygel, one of the largest privately-held global investment advisory firms, today announced that the Payden California Municipal Social Impact Fund (PYCRX) is a LSEG Lipper Fund Awards United States 2025 winner.

    “The 2025 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, rising geopolitical risks, skyrocketing inflation, and dramatic central bank intervention,” said Otto Christian Kober, Head of Lipper Research, LSEG Data & Analytics. “Whether you’ve been investing for just the past 15 years and have seen only the easy money environment following the Financial Crisis or been an investor for 50 years and feel as if you’ve seen it all, there is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years.

    “We applaud the 2025 LSEG Lipper Fund Award winners such as Payden & Rygel for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through a cross-current of global market disruptions,” he added.

    PYCRX was recognized in the California Intermediate Municipal Debt Funds category as the best fund over ten-years. The fund generally invests in intermediate-maturity municipal bonds that are exempt from Federal, state, and local taxes for California residents. The fund seeks to provide attractive current income while preserving capital. Holdings are diversified across sectors and issuers.

    About Payden & Rygel
    With $159 billion under management, Payden & Rygel is one of the largest privately-owned global investment advisers focused on the active management of fixed income and equity portfolios. Payden & Rygel provides a full range of investment strategies and solutions to investors around the globe, including Central Banks, Pension Funds, Insurance Companies, Private Banks, and Foundations. Independent and privately-owned, Payden is headquartered in Los Angeles and has offices in Boston, London, and Milan. Visit www.payden.com for more information about Payden’s investment offerings, including US mutual funds and Irish-domiciled funds (subject to investor eligibility).

    About LSEG Lipper Fund Awards
    For more than 30 years and in over 17 countries worldwide, the highly respected LSEG Lipper Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focused the investment world on top funds. The merit of the winners is based on entirely objective, quantitative criteria. This, coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at www.lipperfundawards.com.

    The LSEGLipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEGLipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEGLipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper.

    Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, visit our website at payden.com or call 800 572-9336.

    For more information and to obtain a prospectus or summary prospectus, visit payden.com or call 800 572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses and other important information about the Fund, which is contained in these documents.

    Social Impact Investing Risk: The Fund’s policy of investing in municipal securities for which, in the Adviser’s opinion, the proceeds raised are used consistent with positive social and/or environmental practices and outcomes could cause the Fund to perform differently compared to other mutual funds that do not have such a policy. The factors that the Adviser considers in evaluating an investment’s positive social and/or environmental benefits are part of a proprietary security selection methodology and may change over time. There are differences in interpretations of what it means to promote positive social and/or environmental benefits. While the Adviser believes its definitions are reasonable, the portfolio decisions it makes may differ with others’ views.

    Sources for the material contained herein are deemed reliable but cannot be guaranteed. This material is for illustrative purposes only and does not constitute investment advice or an offer to sell or buy any security. Past performance is no guarantee of future results.

    For press requests, please contact:
    Angela Z. Dailey | DAI Partners
    dailey@daipartnerspr.com | 714-322-7202
    www.daipartnerspr.com

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI: Correction: EnBW International Finance B.V. – Annual Report 2024

    Source: GlobeNewswire (MIL-OSI)

    CORRECTION  EnBW International Finance B.V. : Annual Report 2024 

    in a release issued under the same headline on 17 March 2025 by EnBW International Finance B.V. ,in the last sentence of the release the link for the annual report has been updated to the correct one.  The correct release follows: 

    In accordance with the Transparency Directive (Directive 2004/109/EC), as amended by the Transparency Directive Amending Directive (Directive 2013/50/EU), and following the choice of EnBW International Finance B.V. for the Netherlands as Home Member State, EnBW International Finance B.V. hereby informs that the annual report and financial statements for the financial year ended 31 December 2024 has been filed with the Autoriteit Financiële Markten (AFM) in the Netherlands and is available on the internet site: 

    https://www.enbw.com/media/downloadcenter/annual-financial-statement-of-enbw-international-finance-b-v/annual-report-2024-enbw-international-finance-b-v.pdf

    The MIL Network

  • MIL-OSI: Sintana Provides Update for PEL 87

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 17, 2025 (GLOBE NEWSWIRE) — Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) provides the following update regarding developments associated with blocks 2713A and 2713B located in Namibia’s Orange Basin. The blocks are governed by Petroleum Exploration License 87 (“PEL 87”) which is operated by Pancontinental Orange Pty Ltd., a subsidiary of Pancontinental Energy NL (ASX:PCL) (“Pancontinental”), who maintains a 75% interest in PEL 87. Additionally, Custos Investments (Pty) Ltd. (“Custos”) maintains a 15% interest and the National Petroleum Corporation of Namibia (“NAMCOR”) maintains a 10% interest. Sintana has a 49% indirect interest in Custos.

    Pancontinental has received notification from Woodside Energy (GOM) Inc. (“Woodside”) that Woodside has elected not to exercise its option to farm-in to the PEL 87 project. This notice has been received in advance of the long stop date of May 18th, 2025, after which Woodside’s option was due to expire.

    A process is underway to secure an alternate farm-in partner to fund exploration drilling within PEL 87 at the earliest opportunity.

    Significant prospectivity has been identified by the high quality 6,593 km2 3D seismic dataset that was fully funded by Woodside. Subsequent interpretation and evaluation has returned an inventory of intra-Saturn leads and prospects which are estimated to be consistent in size and scale to the discoveries made to date in the Orange Basin. Pancontinental, together with the Joint Venture partners, is continuing to mature and refine a growing inventory on PEL 87.

    “We look forward to deploying our portfolio of relationships with operators including the supermajors to bring forward the potential of PEL 87,” said Knowledge Katti, Chairman and Chief Executive Officer of Custos and a director of Sintana.

    “The extensive dataset arising from the seismic acquisition campaign funded by Woodside, together with the continuing work to define and refine a significant inventory of leads and prospects, position the PEL 87 partners to expedite farm-in discussions,” added Robert Bose, CEO of Sintana. “PEL 87 is an integral part of our Orange Basin portfolio,” he added.

    ABOUT SINTANA ENERGY:

    The Company is engaged in petroleum and natural gas exploration and development activities on six large, highly prospective, onshore and offshore petroleum exploration licenses in Namibia, and in Colombia’s Magdalena Basin.

    On behalf of Sintana Energy Inc.,

    “A. Robert Bose”
    Chief Executive Officer

    For additional information or to sign-up to receive periodic updates about Sintana’s projects, and corporate activities, please visit the Company’s website at www.sintanaenergy.com

    Corporate Contacts:   Investor Relations Advisor:
         
    Robert Bose Sean Austin Jonathan Paterson
    Chief Executive Officer Vice-President Founder & Managing Partner
    212-201-4125 713-825-9591 Harbor Access 475-477-9401
         

    Forward-Looking Statements

    Certain information in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intensions for the future, and include, but not limited to, statements with respect to potential future farmout agreements on PEL 83 and/or PEL 87, and proposed future exploration and development activities on PEL 83 and/or PEL 90 and neighbouring properties, as well as the prospective nature of the Company’s property interests. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including, but not limited to risks relating to the receipt of all applicable regulatory approvals, results of exploration and development activities, the ability to source joint venture partners and fund exploration, permitting and government approvals, and other risks identified in the Company’s public disclosure documents from time to time. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update such information, except as may be required by law.

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e3f50cb-60a9-4024-bb79-fdcaab68ab4e

    The MIL Network