Category: France

  • MIL-OSI Africa: Ecobank Group and Google Cloud Announce Partnership to Accelerate Financial Inclusion and Innovation Across Africa

    Ecobank (www.EcoBank.com), a leading pan-African financial services group, and Google Cloud today announced a groundbreaking collaboration aimed at transforming financial services with advanced analytics and AI and driving digital empowerment across Africa. Through this collaboration, Ecobank plans to leverage Google Cloud’s cutting-edge technology to deliver innovative payment and remittance solutions that are frictionless, secure, and universally accessible, empowering individuals and businesses across the continent and beyond. This collaboration will focus on leveraging Google Cloud’s advanced technologies and AI to enhance Ecobank’s digital offerings to accelerate the digital transformation of the Bank.

    The partnership agreement is designed to empower individuals, support the growth of small and medium-sized enterprises (SMEs) in the region, and contribute to the overall economic development of Africa.

    This partnership is intended to deliver substantial benefits:

    • Enhancing financial accessibility: The collaboration will strive to simplify and streamline money transfers, both domestically and across borders. This will be supported by Google Cloud’s scalable infrastructure and advanced API solutions, such as Apigee, aiming to make financial transactions faster, more affordable, and more accessible for more people, facilitating crucial support for families and enabling smoother commercial activities for businesses.
    • Empowering African businesses: A core objective of the collaboration is to explore ways to bolster the continent’s entrepreneurial ecosystem. By leveraging Google Cloud’s capabilities, including its powerful data analytics platform, BigQuery, for AI-driven insights, Ecobank will aim to develop solutions that improve access to finance for SMEs, simplify payment acceptance, and provide valuable data-driven insights to help businesses scale across more than 33 countries in Africa.
    • Envisioning seamless digital banking: The collaboration will explore the creation of more intuitive and user-friendly digital banking platforms, built on Google Cloud’s secure and scalable global infrastructure and enhanced by Google Cloud’s AI technologies. This will empower Ecobank’s developers and customers to easily integrate into Ecobank’s platforms connecting to a unified and advanced API, enabling them to offer innovative financial solutions. For example, fintech partners can readily provide core banking services such as accounts, payments, and lending for seamless transactions.
    • Personalising financial solutions responsibly: Utilizing Google’s advanced data analytics, AI, and machine learning, while upholding the highest standards of data privacy and security, Ecobank will aim to better understand and anticipate customer needs. This will enable the development of more relevant and personalized financial products and services, including tailored credit, savings, and insurance options.
    • Strategic expert collaboration: Google Cloud’s Professional Services team will aim to provide ongoing expert support to Ecobank, ensuring the effective implementation of technology and the successful realization of the collaboration’s transformative goals over the coming years.

    Jeremy Awori, Group CEO, Ecobank said: “Our collaboration with Google Cloud is a leap forward in Ecobank’s digital transformation journey. We look forward to leveraging Google Cloud’s world-class technology to unlock new possibilities for individuals and businesses to grow and scale across Africa. This collaboration signifies our shared intent to explore building a more connected and financially inclusive future for the continent.”

    Thomas Kurian, CEO, Google Cloud said: “Google Cloud and Ecobank have a shared vision for using technology to help deliver financial empowerment to more people and businesses in Africa. We look forward to exploring the ways our cutting-edge AI, powerful data analytics, and scalable infrastructure can support Ecobank efforts to fuel the continent’s economic development and digital future.”

    This agreement signifies a shared commitment between Ecobank and Google Cloud to explore how the power of technology might unlock new opportunities for Africans and contribute to a digitally empowered and economically vibrant future for the continent.

    Ecobank and Google Cloud will actively explore opportunities to further expand their collaboration, tapping into the vast potential of other Google solutions and services.

    Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

    Media Contact:
    For Ecobank Group

    Christiane Mbimbe Bossom
    Group Communications
    Email: groupcorporatecomms@ecobank.com
    Tel: +228 22 21 03 03

    About Ecobank Group:
    The Ecobank Group is the leading pan-African private sector banking group with unparalleled African expertise. It operates in 35 countries across sub-Saharan Africa, as well as in France, the United Kingdom, the United Arab Emirates, and China. Its unique pan-African network provides a unified platform for payments, cash management, trade, and investments. The Ecobank Group employs over 14,000 people serving more than 32 million customers and offers a comprehensive range of Personal, Commercial, and Corporate & Investment Banking products, services, and solutions through multiple channels, including digital. For more information, please visit www.EcoBank.com

    About Google Cloud:
    Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

    MIL OSI Africa

  • MIL-OSI Banking: DG Okonjo-Iweala underscores importance of partnerships to support LDCs

    Source: WTO

    Headline: DG Okonjo-Iweala underscores importance of partnerships to support LDCs

    Co-organized by Djibouti, Finland and the Executive Secretariat of the Enhanced Integrated Framework (EIF), the event focused on strengthening international partnerships in support of LDC trade and investment priorities. The vision for EIF Phase Three – the next stage of this Aid for Trade programme exclusively dedicated to LDCs – was also presented. Several countries announced new funding commitments to this new phase of the EIF.
    Several donors pledged new contributions to the EIF Trust Fund, providing strong momentum for Phase Three, which is set to begin in October 2025. Sweden announced a contribution of SEK 75 million (approx. CHF 6.3 million), Denmark DKK 20 million (approx. CHF 2.5 million), Norway NOK 12 million (approx. CHF 0.9 million), France EUR 300,000, (approx. CHF 0.3 million) and Liechtenstein CHF 50,000, building on Finland’s earlier pledge of EUR 2.5 million (approx. CHF 2.3 million) and a GBP 400,000 (approx. CHF 0.4 million) contribution from the United Kingdom to EIF Phase Three. These pledges will help ensure a solid start to the next phase of EIF support, which is designed to deliver catalytic and transformative impact for LDCs through trade.
    In her opening remarks, DG Okonjo-Iweala highlighted the growing gap between development needs and available resources, emphasizing the ongoing relevance of the EIF in helping LDCs benefit from trade. She noted that the partnership has “gone from strength to strength,” supporting USD 1 billion in LDC exports and enabling hundreds of thousands of small farmers and entrepreneurs to improve their livelihoods.
    She also shared the story of Sittina Farate Ibrahima from Comoros, whose biocosmetics business was developed with EIF support. “Today, 80% of her products are exported to Europe. This is what Aid for Trade to LDCs is all about.”
    Looking ahead, the Director-General welcomed the shared ambition behind EIF Phase Three and its USD 200 million funding target. “`We hope we can count on all the partners in bringing this vision to life, she said, noting that the event would serve as “a springboard for a high-level launch of the next phase of the EIF partnership at the 14th Ministerial Conference.”
    The event brought together ministers from Djibouti, Finland and Guinea, along with senior representatives from other least-developed and donor countries, including Sweden, Denmark, France, Germany, Norway, Liechtenstein and the United Arab Emirates. UNCTAD Secretary-General Rebeca Grynspan delivered closing remarks, alongside representatives from other international organizations and other development partners. Discussions focused on priorities for EIF Phase Three, which will run up to 2031.
    “From the perspective of the WTO LDC Group, EIF Phase Three comes at a critical time,” said H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance of Djibouti. “What we need is a mechanism that catalyses our efforts, brings innovation to respond to our evolving trade and investment priorities, supports stronger institutions, and helps unlock new partnerships. We see in the vision for EIF Phase Three a foundation to move towards precisely that. For many of our countries, including my own, the EIF has not only been a financial and technical partner. It has also been a catalyst for inclusive economic transformation.”
    “Finland is a longstanding supporter of multilateral efforts to strengthen the trade capacities of least-developed countries,” said H.E. Ville Tavio, Minister for Foreign Trade and Development of Finland. “We believe in the transformative power of trade as, when matched with targeted support and strong local ownership, it can unlock lasting development impact. The EIF has consistently proven to be a trusted and effective partner for LDCs. As it enters a new phase, we see an opportunity to deepen its reach and amplify its role in advancing inclusive and sustainable growth. Finland is proud to contribute to this next chapter.”
    A follow-up pledging and partnership event is scheduled for September 2025 on the margins of the WTO Public Forum in Geneva.
    EIF Phase Three aims to mobilize at least USD 200 million to help LDCs strengthen trade capacities, expand exports, and harness trade for inclusive, sustainable development.
    More information on the EIF and its work is available here.

    Share

    MIL OSI Global Banks

  • MIL-OSI: Everything Blockchain Inc. Eyes Historic First: Tokenizing OTC Stock After Robinhood’s Market-Defining Shift

    Source: GlobeNewswire (MIL-OSI)

    Jacksonville, July 02, 2025 (GLOBE NEWSWIRE) — Everything Blockchain Inc. (OTC: EBZT), a public company focused on owning and staking the world’s fastest-growing crypto networks, announced today that it is actively preparing to tokenize its stock upon completion of its pending capital raise scheduled for early-to-mid July. This groundbreaking move would position EBZT as the first U.S. OTC-listed company to bring its equity fully on-chain, following in the footsteps of major industry players like Robinhood Markets, Superstate, and xStockFi.

    Market Validation from Industry Giants

    On June 30th, Robinhood unveiled its own stock tokenization rollout at its inaugural crypto keynote in France, enabling European investors to trade tokenized versions of major U.S. equities such as Apple and NVIDIA, 24/7, via blockchain rails. EBZT’s proposed strategy aligns with this broader market evolution and builds upon it with a historic first for OTC markets.

    “We see tokenization as not just a technology upgrade, but as a core shift in how public companies interact with shareholders, access capital, and create transparency,” said Steven Maik, CTO of Everything Blockchain.

    “Robinhood’s move validates what we’ve been planning for months,” added Arthur Rozenberg, CEO of Everything Blockchain. “As the first OTC company to take this step, we’re pioneering a new frontier for retail investors and opening entirely new possibilities for how public companies can operate on blockchain infrastructure.”

    Industry Momentum Confirms Historic Opportunity

    EBZT is evaluating strategic opportunities within the tokenization ecosystem and intends to explore potential collaboration frameworks with leading platforms including Superstate and xStockFi as it develops its on-chain infrastructure.

    Massive Market Projections

    • $24 Trillion Market: HSBC forecasts tokenized assets could reach 10% of global GDP by 2027
    • $3.3 Trillion Crypto Market: Current cryptocurrency market capitalization continues growing
    • Retail Demand: Infrastructure requirements accelerating as retail investors seek 24/7 access

    EBZT’s plan to become the first OTC company to tokenize its equity while building a public blockchain treasury positions the company at the center of this global financial transformation.

    Backed by Strategic Crypto Treasury Plan

    Tokenization is just one part of EBZT’s board-approved strategy. The company also plans to build a diversified crypto treasury, focused on owning and staking five of the fastest-growing blockchain networks:

    • Solana (SOL) – high-speed DeFi and NFT platform
    • XRP (Ripple) – global payments and settlement
    • Hyperliquid (HYPE) – emerging decentralized exchange
    • Bittensor (TAO) – decentralized AI protocol
    • Sui (SUI) – next-gen smart contract platform

    The goal is to build a blockchain-native treasury that generates income from validator rewards and protocol incentives. Execution will begin once funding is secured.

    Historic Market Leadership

    As traditional financial markets increasingly embrace blockchain technology, EBZT’s dual strategy of being the first OTC tokenization and crypto treasury development creates unprecedented value drivers:

    Historic First-Mover Advantage

    • Pioneer Status: The first OTC company to fully tokenize equity
    • Uncharted Territory: Opening entirely new market category for retail investors
    • Market Leadership: Setting the standard for OTC blockchain integration

    Strategic Value Drivers

    • Diversified Exposure: Direct ownership of leading blockchain networks focused on Solana’s ecosystem
    • Operational Innovation: Enhanced shareholder experience through cutting-edge technology
    • Market Validation: Strategy aligned with major institutional players but first in OTC space

    Retail Investor Benefits

    • Access to Innovation: First opportunity to own tokenized OTC equity
    • Crypto Exposure: Diversified blockchain treasury provides crypto market exposure through Solana-focused strategy
    • 24/7 Flexibility: Trade on your schedule, not market hours

    The convergence of these trends positions EBZT to capture massive value from the broader transformation of global financial infrastructure while giving retail investors unprecedented access to both tokenized equity and crypto treasury exposure powered by Solana’s high-performance blockchain.

    For more information, visit: www.everythingblockchain.io or follow us on twitter: x.com/ebzt_ 

    About Everything Blockchain Inc.

    Everything Blockchain Inc. (OTC: EBZT) is a public company focused on identifying and capitalizing on opportunities within the rapidly evolving blockchain and cryptocurrency sectors. The company’s strategy centers on building a diversified portfolio of leading crypto networks, with primary focus on Solana infrastructure, while pioneering innovative approaches to public company operations through blockchain technology. EBZT is positioned to become the first U.S. OTC-listed company to fully tokenize its equity.

    For more information, visit: www.everythingblockchain.io

    Contact Information

    Arthur Rozenberg
    CEO, Everything Blockchain, Inc.
    arthur.rozenberg@everythingblockchain.io

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to plans related to tokenization, treasury strategy, market opportunities, capital raises, and anticipated benefits of proposed initiatives. These statements are based on current expectations and involve risks and uncertainties, including but not limited to: the completion of necessary financing, regulatory approval, technical execution, market acceptance, competitive factors, and general economic conditions.

    Actual results may differ materially from those expressed or implied in forward-looking statements. Everything Blockchain Inc. undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    The MIL Network

  • MIL-OSI NGOs: Greenpeace International begins groundbreaking Anti-SLAPP case to protect freedom of speech

    Source: Greenpeace Statement –

    Amsterdam, Netherlands – In a first, landmark test case of the European Union’s new legislation to protect freedom of expression and stop abusive lawsuits, Greenpeace International today challenges the US oil pipeline company, Energy Transfer, in court in the Netherlands.[1] The multi-billion dollar company brought two back-to-back SLAPP suits against Greenpeace International and Greenpeace in the US, after showing solidarity with the 2016 peaceful Indigenous-led protests against the Dakota Access Pipeline. The first case was dismissed, but the Greenpeace organisations continue to defend against the second case, which is ongoing, after a North Dakota jury recently awarded over 660 million USD in damages to the pipeline giant.

    Activists from Greenpeace International and allies were present outside the courthouse in Amsterdam for the first hearing in the case with a banner reading “ENERGY TRANSFER, WELCOME TO THE EU – WHERE FREE SPEECH IS STILL A THING”.

    Mads Christensen, Executive Director, Greenpeace International said:
    “Energy Transfer’s attack on our right to protest is an attack on everyone’s free speech. Greenpeace has been the target of threats, arrests and even bombs over the last 50 years and persevered. We will continue to resist all forms of intimidation and explore every option to hold Energy Transfer accountable for this attempt at abusing the justice system. This groundbreaking anti-SLAPP case against Energy Transfer in the Netherlands is just the beginning of defeating this bullying tactic being wielded by billionaires and fossil fuel giants trying to silence critics all over the world. Something absolutely vital is at stake here: people’s ability to hold corporate polluters to account for the devastation they’re causing.”

    The lawsuit is an important test of the European Union’s Anti-SLAPP Directive — adopted in April 2024.[2] The Directive is designed to protect journalists, activists, civil society organisations, or anyone else speaking out about matters of public concern, from Strategic Lawsuits Against Public Participation (SLAPP) — unfounded intimidation lawsuits brought by powerful corporations or wealthy individuals seeking to suppress public debate.[3] Since Greenpeace International is a Netherlands-based foundation and the damage caused by Energy Transfers’s US SLAPP suit is occurring in the Netherlands, both Dutch and EU law applies.

    Amy Jacobsen, Senior Legal Counsel, Greenpeace International said:
    “This case paves the way for protections from bullying lawsuits being implemented throughout Europe and beyond. The lawsuits that Energy Transfer have brought against Greenpeace International are the perfect example of the kind of abusive legal proceedings that the anti-SLAPP Directive is designed to protect against. By calling upon the EU anti-SLAPP Directive’s protections, Greenpeace International refuses to allow the bullying tactics of wealthy fossil fuel corporations like Energy Transfer to compromise our fundamental free speech rights.”

    At the time of the press release it was still uncertain whether Energy Transfer would appear in the hearing. The next steps are for the judge to agree on a schedule for the case.

    ENDS

    Photos and videos are available in the Greenpeace Media Library

    Notes:

    [1] The new EU rules are aimed at addressing the growing number of abusive lawsuits against journalists, media outlets, environmental activists and human rights defenders. 

    In February 2025, Greenpeace International initiated the first test of the European Union’s anti-SLAPP Directive by filing a lawsuit in Dutch court against Energy Transfer. Greenpeace International seeks to recover all damages and costs it has suffered as a result of Energy Transfers’s back-to-back, meritless lawsuits demanding hundreds of millions of dollars from Greenpeace International and the Greenpeace organisations in the US. 

    [2] EU Member States have until 7 May 2026 at the latest to transpose the rules into their national laws, but the Dutch government has indicated that the Directive’s  protections can already be applied under existing Dutch legal frameworks.

    [3] Big Oil companies Shell, Total, and ENI have also filed SLAPPs against Greenpeace entities in recent years. Some of these cases have been successfully stopped in their tracks. This includes Greenpeace France successfully defeating TotalEnergies’ SLAPP on 28 March 2024, and Greenpeace UK and Greenpeace International forcing Shell to back down from its SLAPP on 10 December 2024. Greenpeace Romania was being sued by the energy company Romgaz in 2025 – with the aim of dissolving the organisation, but their claims were withdrawn and they were forced to pay the court expenses to Greenpeace Romania. Greenpeace Italy and Greenpeace Netherlands are facing the Italian oil giant Eni in an ongoing court case in Italy.

    Contacts:

    Daniel Bengtsson, Communications Lead, Greenpeace Nordic
    + 46 703009510, [email protected]

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • MIL-OSI NGOs: Greenpeace International begins groundbreaking Anti-SLAPP case to protect freedom of speech

    Source: Greenpeace Statement –

    Amsterdam, Netherlands – In a first, landmark test case of the European Union’s new legislation to protect freedom of expression and stop abusive lawsuits, Greenpeace International today challenges the US oil pipeline company, Energy Transfer, in court in the Netherlands.[1] The multi-billion dollar company brought two back-to-back SLAPP suits against Greenpeace International and Greenpeace in the US, after showing solidarity with the 2016 peaceful Indigenous-led protests against the Dakota Access Pipeline. The first case was dismissed, but the Greenpeace organisations continue to defend against the second case, which is ongoing, after a North Dakota jury recently awarded over 660 million USD in damages to the pipeline giant.

    Activists from Greenpeace International and allies were present outside the courthouse in Amsterdam for the first hearing in the case with a banner reading “ENERGY TRANSFER, WELCOME TO THE EU – WHERE FREE SPEECH IS STILL A THING”.

    Mads Christensen, Executive Director, Greenpeace International said:
    “Energy Transfer’s attack on our right to protest is an attack on everyone’s free speech. Greenpeace has been the target of threats, arrests and even bombs over the last 50 years and persevered. We will continue to resist all forms of intimidation and explore every option to hold Energy Transfer accountable for this attempt at abusing the justice system. This groundbreaking anti-SLAPP case against Energy Transfer in the Netherlands is just the beginning of defeating this bullying tactic being wielded by billionaires and fossil fuel giants trying to silence critics all over the world. Something absolutely vital is at stake here: people’s ability to hold corporate polluters to account for the devastation they’re causing.”

    The lawsuit is an important test of the European Union’s Anti-SLAPP Directive — adopted in April 2024.[2] The Directive is designed to protect journalists, activists, civil society organisations, or anyone else speaking out about matters of public concern, from Strategic Lawsuits Against Public Participation (SLAPP) — unfounded intimidation lawsuits brought by powerful corporations or wealthy individuals seeking to suppress public debate.[3] Since Greenpeace International is a Netherlands-based foundation and the damage caused by Energy Transfers’s US SLAPP suit is occurring in the Netherlands, both Dutch and EU law applies.

    Amy Jacobsen, Senior Legal Counsel, Greenpeace International said:
    “This case paves the way for protections from bullying lawsuits being implemented throughout Europe and beyond. The lawsuits that Energy Transfer have brought against Greenpeace International are the perfect example of the kind of abusive legal proceedings that the anti-SLAPP Directive is designed to protect against. By calling upon the EU anti-SLAPP Directive’s protections, Greenpeace International refuses to allow the bullying tactics of wealthy fossil fuel corporations like Energy Transfer to compromise our fundamental free speech rights.”

    At the time of the press release it was still uncertain whether Energy Transfer would appear in the hearing. The next steps are for the judge to agree on a schedule for the case.

    ENDS

    Photos and videos are available in the Greenpeace Media Library

    Notes:

    [1] The new EU rules are aimed at addressing the growing number of abusive lawsuits against journalists, media outlets, environmental activists and human rights defenders. 

    In February 2025, Greenpeace International initiated the first test of the European Union’s anti-SLAPP Directive by filing a lawsuit in Dutch court against Energy Transfer. Greenpeace International seeks to recover all damages and costs it has suffered as a result of Energy Transfers’s back-to-back, meritless lawsuits demanding hundreds of millions of dollars from Greenpeace International and the Greenpeace organisations in the US. 

    [2] EU Member States have until 7 May 2026 at the latest to transpose the rules into their national laws, but the Dutch government has indicated that the Directive’s  protections can already be applied under existing Dutch legal frameworks.

    [3] Big Oil companies Shell, Total, and ENI have also filed SLAPPs against Greenpeace entities in recent years. Some of these cases have been successfully stopped in their tracks. This includes Greenpeace France successfully defeating TotalEnergies’ SLAPP on 28 March 2024, and Greenpeace UK and Greenpeace International forcing Shell to back down from its SLAPP on 10 December 2024. Greenpeace Romania was being sued by the energy company Romgaz in 2025 – with the aim of dissolving the organisation, but their claims were withdrawn and they were forced to pay the court expenses to Greenpeace Romania. Greenpeace Italy and Greenpeace Netherlands are facing the Italian oil giant Eni in an ongoing court case in Italy.

    Contacts:

    Daniel Bengtsson, Communications Lead, Greenpeace Nordic
    + 46 703009510, [email protected]

    Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]

    MIL OSI NGO

  • MIL-OSI NGOs: Oxfam reaction to Spain, Brazil and South Africa launching a new coalition to tax the super-rich

    Source: Oxfam –

    In response to Spain, Brazil and South Africa’s new global coalition to tax the super-rich, launched today at the Fourth Financing for Development Conference in Seville, Oxfam Tax Justice Policy Lead Susana Ruiz said: 

    “We welcome the leadership of Brazil, Spain and South Africa in calling for taxes on the super-rich. People around the world are pushing for more countries to reject the corrupting political influence of oligarchies. Taxation of the super-rich is a vital tool to secure sustainable development and fight inequalities. The wealth of the richest 1% has surged $33.9 trillion since 2015, enough to end annual poverty 22 times, yet billionaires only pay around 0.3% in real taxes.  

    “This extreme inequality is being driven by a financial system that puts the interests of a wealthy few above everyone else. This concentration of wealth is blocking progress towards the Sustainable Development Goals and keeping over three billion people living in poverty: over half of poor countries are spending more on debt repayments than on healthcare or education. 

    “In a tense geopolitical environment, Spain, Brazil and South Africa have taken an important step in forging an alliance here at the UN conference in Seville to show political will for taxation of the super-rich. Now other countries must follow their lead and join forces. This year, the FFD in Seville, COP30 in Brazil and G20 in South Africa are key opportunities for international cooperation to tax the super-rich and invest in a sustainable future that puts human rights and equality at its core.”

    Download the Oxfam report “From Private Profit to Public Power: Financing Development, Not Oligarchy which was launched ahead of the Fourth Financing for Development Conference with new analysis on economic inequality.

    Greenpeace and Oxfam International commissioned a study this month on public opinion on taxing the super-rich. The research was conducted by first party data company Dynata in May-June 2025, in Brazil, Canada, France, Germany, Kenya, Italy, India, Mexico, the Philippines, South Africa, Spain, the UK and the US. The survey had approximately 1200 respondents per country, with a margin of error of +-2.83%. Together, these countries represent close to half the world’s population. See the results here.

    Oxfam will be hosting a major high-level event together with Club de Madrid, at 7pm on July 1, 2025, in Seville, joined by high-level government representatives on the media briefing note. Journalists are invited to attend and will be prioritized for questions. Please register here.

    Moreover, an official side event on inequality and tax reform will take place at 2.30pm on July 1, 2025, at the FIBES Exhibition Centre room 20 joined by high-level government representatives from Brazil, Spain and South Africa, international organizations and global experts. See note here.

    MIL OSI NGO

  • MIL-OSI Africa: The European Union (EU) Accelerates Mining Investments Across Africa in H1 2025


    Download logo

    The EU has increased financial and technical support for Africa’s mining sector in the first half of 2025, aligning its foreign investment strategy with the continent’s agenda to shape the global energy transition. In June this year, the EU named four Africa-bsed projects as part of its 13 globally strategic initiatives under the Critical Raw Materials Act. The projects include Mkango Resources’ 8,425-ton-per-annum Songwe Hill Rare Earths Project in Malawi and Frontier Rare Earths’ 4,000-ton-per-annum Zandkopsdrift magnet-grade rare earths project in South Africa. The Maniry Graphite Project in Madagascar led by Evion Group and a 6,000-ton-per-annum cobalt refinery in Zambia are also among the projects set to receive EU financial support and technical assistance.

    Amid increased EU support for African mining projects, the upcoming African Mining Week – Africa’s premier gathering for mining stakeholders, taking place from October 1–3, 2025 in Cape Town – will showcase lucrative investment and cooperation opportunities for EU companies in Africa’s burgeoning mining sector. The event will feature an EU-Africa Roundtable, showcasing the EU’s contribution to Africa’s mining sector sustainability.

    EU-DRC Mining Partnership Strengthened

    Two new programs announced by the EU this June have deepened the bloc’s mining partnership with the Democratic Republic of Congo (DRC) – the world’s top cobalt producer and Africa’s largest copper producer. The programs include the Cobalt for Development project which aims to formalize and uplift small-scale mining operations in the DRC. Meanwhile, the upcoming Panafgeo+ geological mapping program – led by France’s Bureau of Geological and Mining Research in collaboration with DRC’s Ministry of Mines – will enhance the country’s geological knowledge base. At AMW, a panel titled The Cobalt Opportunity: DRC’s Strategic Position in the EV Revolution will unpack trends and opportunities within the DRC’s cobalt sector value chain.

    EU Backs African Mineral Logistics Expansion

    The EU is also backing strategic infrastructure development to facilitate connectivity between mineral-rich African markets and EU buyers. The Africa Finance Corporation recently secured a €250 million, 10-year loan from Italy’s development bank Cassa Depositi e Prestiti to advance the Lobito Corridor, bolstering connectivity between EU markets and Angola, Zambia and the DRC. Meanwhile, the European Investment Bank has also approved a €113 million loan to co-finance the expansion of Mauritania’s iron ore rail line linking Zouérat to Nouadhibou – part of a broader €461 million investment aimed at boosting the country’s iron ore export capacity.

    EU-South Africa Partnership

    The EU recently announced a €4.7 billion financing package announced to support mineral processing, green hydrogen and transport infrastructure in South Africa, the world’s largest producer of platinum group metals. This financing package reflects a growing focus on securing diversified and sustainable mineral supply chains. At AMW, a dedicated panel exploring South Africa’s PGMs market will showcase emerging prospects for EU firms within the country’s value chain.

    Growing Support for Formalized Artisanal Mining

    The EU has also committed to the ACP-EU Technical Assistance Facility for Commodity Resource Management, which was launched in February to support artisanal and small-scale miners across Africa through formalization and training program. As part of growing efforts by African nations and international partners to uplift small-scale miners, AMW will host a panel discussion titled ASM Regulation: Balancing Formalization and Livelihood Protection. The panel will explore policies and initiatives aimed at integrating artisanal and small-scale mining into the formal mining sector.

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

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

    MIL OSI Africa

  • Wimbledon: Sinner remains ice cool as Gauff, Pegula and Zverev join bonfire of seeds

    Source: Government of India

    Source: Government of India (4)

    World number one Jannik Sinner stayed ice cool to move serenely into the Wimbledon second round but it was a second successive day of upsets at a sizzling All England Club as a succession of seeded players crashed and burned on Tuesday.

    American second seed Coco Gauff, chasing a French Open-Wimbledon double after her Paris triumph, was the day’s most surprising casualty, losing 7-6(3) 6-1 to Ukraine’s Dayana Yastremska as the sun set on a sultry day.

    Gauff’s compatriot Taylor Fritz, the world number five, survived a five-set firefight by the skin of his teeth against big-serving Frenchman Giovanni Mpetshi Perricard.

    But the same could not be said of 13 of the men’s seeds who fell at the first hurdle – a Wimbledon record since 32 seeds were introduced in 2001.

    Nine seeds also perished in the women’s first round while the eight top-10 seeds to go out across both singles draws amounted to the highest at a Grand Slam in the professional era.

    Germany’s Alexander Zverev was the most notable men’s casualty, the third seed losing 7-6(3) 6-7(8) 6-3 6-7(5) 6-4 to France’s Arthur Rinderknech in a marathon duel that began on Monday and was locked at one set apiece overnight.

    “I’m not sure he’s ever played a match like that in his life,” said Zverev, who is still chasing a first Grand Slam title after 38 attempts.

    Italian Lorenzo Musetti, seeded seventh, was bundled out on Court Two by Nikoloz Basilashvili – the same court where earlier American women’s third seed Jessica Pegula was sent packing 6-2 6-3 by Italian Elisabetta Cocciaretto.

    A red-hot Sinner never looked like joining the exodus as he beat fellow Italian and close friend Luca Nardi 6-4 6-3 6-0 in a victorious return to the Grand Slam stage after his epic French Open final defeat by Carlos Alcaraz last month.

    “I tried to put the friendship away for a couple of hours,” Sinner, who conceded only four points when he landed his first serve, told reporters.

    Novak Djokovic closed out the day’s action on the main showcourt by getting past Frenchman Alexandre Muller 6-1 6-7(7) 6-2 6-2 despite being hampered by a stomach bug midway through his match. He will face Briton Dan Evans next.

    After seven British players won singles matches on Monday – a professional era record at Wimbledon – home fans had more to cheer on Tuesday as fourth seed Jack Draper, his nation’s big hope, avoided any dramas by easing past Argentina’s Sebastian Baez who retired hurt trailing 6-2 6-2 2-1.

    In total, 10 British players have reached round two.

    KREJCIKOVA TESTED

    Women’s defending champion Barbora Krejcikova was tested by promising 20-year-old Filipina Alexandra Eala but after a slow start she found her form to win 3-6 6-2 6-1 on her return to Centre Court after last year’s surprise triumph.

    “I mean, what the hell (kind of tennis) she played in the first set?” said Krejcikova, praising her opponent.

    “She was smashing the ball and cleaning the lines, so wow, wow. She’s going to be really good in a couple of years.”

    Five-times Grand Slam champion Iga Swiatek, seeded eight, has yet to conquer Wimbledon but showed positive signs when she beat Polina Kudermetova 7-5 6-1 while Russian teenager Mirra Andreeva advanced after a 6-3 6-3 victory over Mayar Sherif.

    Both might have expected Gauff to be a major obstacle but the world number two subsided against Yastremska.

    “I feel like mentally I was a little bit overwhelmed with everything that came afterwards,” Gauff said about the spell following her Paris triumph last month.

    “I didn’t feel I had enough time to celebrate and also get back into it.”

    The women’s draw is now without three of its top five seeds after number five Zheng Qinwen of China, the Olympic champion, suffered a third successive Wimbledon first-round defeat, beaten 7-5 4-6 6-1 by Czech doubles specialist Katerina Siniakova.

    “I believe if I get through the first match, I will start to play better and better (on grass),” Zheng said. “The problem is the first match for me is complicated.”

    Many will lament the exit of Wimbledon dark horse Alexander Bublik, seeded 28th. The Kazakh showman is guaranteed entertainment with his array of trick shots but he was unable to avoid the exit door, as he was dragged into battle by Spaniard Jaume Munar and beaten 6-4 3-6 4-6 7-6(5) 6-2.

    Late in the day yet another seed fell when Frenchman Ugo Umbert was beaten by veteran countryman Gael Monfils, again defying his 38 years to edge a five-setter.

    American Fritz survived, though, letting out a huge roar as he beat Perricard 6-7(6) 6-7(8) 6-4 7-6(6) 6-4 in a match carried forward from Monday. Perricard’s consolation for losing the cliffhanger was a 153 mph serve – a Wimbledon record.

    Tommy Paul took out Briton Johannus Monday with little fuss, the 13th seed cruising through 6-4 6-4 6-2, but it was the end of the road for fellow American and 30th seed Alex Michelsen who fell 6-2 3-6 6-3 3-6 7-6(6) to Serbia’s Miomir Kecmanovic.

    Zeynep Sonmez became the first Turkish woman to reach the second round at the grasscourt Grand Slam when she battled past Romania’s Jaqueline Cristian 7-6(3) 6-3.

    Victoria Mboko found out a few hours before she faced Magdalena Frech that she had entered the main draw as a Lucky Loser due to Anastasia Potapova’s withdrawal and the Canadian teenager rode her luck to stun the 25th seed 6-3 6-2.

    Fourteen years after first adding her name to the Wimbledon honours board, twice champion Petra Kvitova performed her last dance on the lawns, the Czech losing 6-3 6-1 to American 10th seed Emma Navarro.

    (Reuters)

  • MIL-OSI Asia-Pac: President Lai meets delegation from 2025 Taiwan International Ocean Forum

    Source: Republic of China Taiwan

    Details
    2025-06-30
    President Lai meets Minister of State at UK Department for Business and Trade Douglas Alexander  
    On the morning of June 30, President Lai Ching-te met with Douglas Alexander, Minister of State at the Department for Business and Trade of the United Kingdom. In remarks, President Lai thanked the UK government for its longstanding support for peace and stability across the Taiwan Strait. Noting that two years ago, Taiwan and the UK signed an enhanced trade partnership (ETP) arrangement, the president said that today Taiwan and the UK have signed three pillars under the ETP, which will help promote bilateral economic and trade cooperation. He expressed hope of the UK publicly supporting Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) so that together we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. A translation of President Lai’s remarks follows: First, on behalf of the people of Taiwan, I extend a warm welcome to Minister Alexander and wish a fruitful outcome for the 27th round of Taiwan-UK trade talks later today. Taiwan-UK relations have grown closer in recent years. We have not only continued to strengthen cooperation in such fields as offshore wind power, innovative technologies, and culture and education but also have established regular dialogue mechanisms in the critical areas of economics and trade, energy, and agriculture. The UK is currently Taiwan’s fourth-largest European trading partner, second-largest source of investment from Europe, and third-largest target for investment in Europe. Two years ago, Taiwan and the UK signed an ETP arrangement. This was particularly meaningful, as it was the first institutionalized economic and trade framework between Taiwan and a European country. Today, this arrangement is yielding further results. I am delighted that Taiwan and the UK have signed three pillars under the ETP covering investment, digital trade, and energy and net-zero. This will help promote bilateral economic and trade cooperation and advance industrial development on both sides. I also want to thank the UK government for its longstanding support for peace and stability across the Taiwan Strait. This month, the UK published its Strategic Defence Review 2025 and National Security Strategy 2025, which oppose any unilateral attempts to change the status quo across the Taiwan Strait. These not only demonstrate that Taiwan and the UK share similar goals but also show that security and prosperity in the Indo-Pacific region are inseparable from those of the transatlantic regions. In addition, last November, the House of Commons passed a motion which made clear that United Nations General Assembly (UNGA) Resolution 2758 neither established the sovereignty of the People’s Republic of China over Taiwan nor determined Taiwan’s status in the United Nations. The UK government also responded to the motion by publicly expressing for the first time its position on UNGA Resolution 2758, opposing any attempt to broaden the interpretation of the resolution to rewrite history. For this, on behalf of the people of Taiwan, I once again want to extend my deepest gratitude. Taiwan and the UK have the advantage of being highly complementary in the technology sector. In facing the restructuring of global supply chains and other international economic and trade developments, I believe that Taiwan and the UK are indispensable key partners for one another. I look forward to the UK publicly supporting Taiwan’s accession to the CPTPP so that together, we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. In closing, I wish Minister Alexander a pleasant and successful visit. And I hope he has the opportunity to visit Taiwan for personal travel in the future. Minister Alexander then delivered remarks, saying that it is a great personal honor to meet with everyone today to discuss further deepening the UK-Taiwan trade relationship and explore the many opportunities our two sides can pursue together. He mentioned that he traveled to Taiwan in 2022 when he was a private citizen, a visit he thoroughly enjoyed, so he is delighted to be back to see the strength of the UK-Taiwan relationship and the strengthening of that relationship. He said that relationship is built on mutual respect, democratic values, and a shared vision for open, resilient, and rules-based economic cooperation. As like-minded partners, he pointed out, our collaboration continues to grow across multiple sectors, and he is here today to further that momentum. Minister Alexander stated that on trade and investment, he is proud that this morning we signed the ETP Pillars on Investment, Digital Trade, Energy and Net Zero, which will provide a clear framework for our future cooperation and lay the foundation for expanded access and market-shaping engagement between our two economies. The minister said he believes that together with our annual trade talks, this partnership will help UK’s firms secure new commercial opportunities, improve regulatory alignment, and promote long-term investment in key growth areas, which in turn will also support Taiwan’s efforts to expand high-quality trade relationships with trusted partners. Minister Alexander said that President Lai’s promotion of the Five Trusted Industry Sectors and the UK’s recently published industrial and trade strategies are very well-aligned, as both cover clean energy and semiconductors as well as advanced manufacturing. He then provided an example, saying that both sides plan to invest in AI infrastructure and compute power-creating opportunities for great joint research in the future. By combining our strengths in these areas, he said, we can open the door to innovative collaboration and commercial success for both sides. He mentioned that yesterday he visited the Taiwan Space Agency, commenting that in sectors such as satellite technology, green energy, and cyber security, British expertise and trusted standards can provide meaningful solutions. Noting that President Lai spoke in his remarks of the broader challenge of peace and security in the region, Minister Alexander stated that the United Kingdom has, of course, also continued to affirm its commitment to peace and stability in the Taiwan Strait, along with its G7 partners. The UK-Taiwan relationship is strategic, enduring, and growing, he stated, and they reaffirm and remain firm in their longstanding position and confident in their ability to work together to support both prosperity and resilience in both of our societies. Minister Alexander said that, as Taiwan looks to diversify capital and build global partnerships, they believe the UK represents a strong and ambitious investment destination, particularly for Taiwanese companies at the very forefront of robotics, clean tech, and advanced industry. He pointed out that the UK’s markets are stable, open, and aligned with Taiwan’s vision of a high-tech, sustainable future, adding that he looks forward to our discussion on how we can further deepen our cooperation across all of these areas and more. The delegation also included Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific at the UK Department for Business and Trade. The delegation was accompanied to the Presidential Office by British Office Taipei Representative Ruth Bradley-Jones.   

    Details
    2025-06-27
    President Lai confers decoration on former Japan-Taiwan Exchange Association Chairman Ohashi Mitsuo
    On the morning of June 27, President Lai Ching-te conferred the Order of Brilliant Star with Grand Cordon upon former Chairman of the Japan-Taiwan Exchange Association Ohashi Mitsuo in recognition of his firm convictions and tireless efforts in promoting Taiwan-Japan exchanges. In remarks, President Lai stated that Chairman Ohashi cares for Taiwan like a family member, and expressed hope that Taiwan and Japan continue to deepen their partnership, bring about the early signing of an economic partnership agreement (EPA), and jointly build secure and stable non-red supply chains as we boost the resilience and competitiveness of our economies and jointly safeguard the values of freedom and democracy. A translation of President Lai’s remarks follows: Every meeting I have with Chairman Ohashi, with whom I have worked side by side for many years, is warm and friendly. I recall that when we met last year, Chairman Ohashi said that he often thinks about what Japan can do for Taiwan and what Taiwan can do for Japan, and that it is that mutual concern that makes us so close. This was a truly moving statement illustrating the relationship between Taiwan and Japan. Chairman Ohashi has also said numerous times that our bilateral relations may very well be the best in the entire world, and that in fact they may serve as a model to other countries. Indeed, Chairman Ohashi is himself an exemplary model for friendly relations between Taiwan and Japan. His spirit of always working tirelessly to promote Taiwan-Japan exchanges is truly admirable. Assuming the position of chairman of the Japan-Taiwan Exchange Association in 2011, he served during the terms of former Presidents Ma Ying-jeou and Tsai Ing-wen, continuously making positive contributions to Taiwan-Japan relations. Over these past 14 years, Taiwan and Japan have signed over 50 major agreements, spanning the economy and trade, fisheries, and taxes, among other areas. In 2017, the Taiwan-Japan Relations Association and the Japan-Taiwan Exchange Association underwent name changes, strengthening the essence and significance of Taiwan-Japan relations. These great achievements were all made possible thanks to the firm convictions and tireless efforts of Chairman Ohashi. On behalf of the people of Taiwan, I am delighted to confer upon Chairman Ohashi the Order of Brilliant Star with Grand Cordon to express our deepest thanks for his outstanding contributions. Chairman Ohashi is not just a good friend of Taiwan, but someone who cares for Taiwan like a family member. When a major earthquake struck in 2016, he personally went to Tainan to assess the situation and meet with the city government. This outpouring of friendship and support across borders was deeply moving. As we look to the future, I hope that Taiwan and Japan can continue to deepen our partnership. In addition to bringing about the early signing of an EPA, I also hope that we can expand collaboration in key areas such as semiconductors, energy, and AI, continue building secure and stable non-red supply chains, and boost the resilience and competitiveness of our economies as well as peace and stability in the Indo-Pacific. As Chairman Ohashi has said, the close bilateral relationship between Taiwan and Japan is one the world can be proud of. I would like to thank him once again for his contributions to deepening Taiwan-Japan ties. Taiwan will continue to forge ahead side by side with Japan, jointly safeguarding the values of freedom and democracy and mutually advancing prosperous development. I wish Chairman Ohashi good health, happiness, peace, and success in his future endeavors, and invite him to return to Taiwan often to visit old friends. Chairman Ohashi then delivered remarks, first thanking President Lai for his kind words. He stated that the Taiwan-Japan relationship is not only worthy of praise; it can also serve as a superb model in the world for bilateral relations that is worthy of study by other countries. He added that this is the result of the collective efforts of President Lai as well as many other individuals. Chairman Ohashi said that the current international situation is rather severe, with wars and conflicts occurring between many neighboring countries. He said that there is a growing trend of nuclear weapon proliferation, emphasizing that use of such weapons would cause significant harm between nations. He also pointed out that some countries even use nuclear weapons as a threat, leading to instability and impacting the global situation. Chairman Ohashi said that neither Taiwan nor Japan possesses nuclear weapons, which is something to be proud of. That is why, he said, we can declare that a world without nuclear weapons is a peaceful world. He also mentioned that during his tenure as chairman of the Japan-Taiwan Exchange Association, he consistently upheld this principle in his work. Chairman Ohashi said that the mission of the World Federalist Movement (WFM) is to promote world peace. He said that the WFM has branches in countries worldwide, with the WFM of Japan being one of the most prominent, and that it also aspires to achieve the goal of world peace. Having served as chairman of the Japan-Taiwan Exchange Association for 14 years, he said, he is now stepping down from this role and will serve as the chairman of the WFM of Japan, aiming to promote peace in countries around the world. Chairman Ohashi said that both Taiwan and Japan can take pride in our friendly bilateral relationship, emphasizing that if the good relationship between Japan and Taiwan could be offered as an example to countries around the world, there would be no more wars. He expressed his sincere hope that under President Lai’s leadership, Taiwan and Japan can work together to jointly promote world peace. Also in attendance at the ceremony was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-06-25
    President Lai meets Japan’s former Economic Security Minister Kobayashi Takayuki
    On the afternoon of June 25, President Lai Ching-te met with Kobayashi Takayuki, Japan’s former economic security minister and a current member of the House of Representatives. In remarks, President Lai expressed hope to combine the strengths of the democratic community to build resilient, reliable non-red supply chains, and ensure a resilient global economy and sustainable development. He also expressed hope that Taiwan and Japan can bring about the early signing of an economic partnership agreement (EPA), and that Japan will continue supporting Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. The following is a translation of President Lai’s remarks: I welcome Representative Kobayashi back to Taiwan for another visit after seven years. During his last visit, he was with a delegation from the Liberal Democratic Party (LDP) Youth Division, and we met at the Executive Yuan. I am very happy to see him again today. Representative Kobayashi has long paid close attention to matters involving economic security, technological innovation, and aerospace policy. He also made a stunning debut in last year’s LDP presidential election, showing that he is truly a rising star and an influential figure in the political sphere. With this visit, Representative Kobayashi is demonstrating support for Taiwan with concrete action, which is very meaningful. Taiwan and Japan are both part of the first island chain’s key line of defense. We thank the many Japanese prime ministers, including former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as current Prime Minister Ishiba Shigeru, for the many times they have highlighted the importance of peace and stability in the Taiwan Strait at important international venues, and for expressing opposition to the use of force or coercion to unilaterally change the status quo in the Taiwan Strait. I hope that Taiwan and Japan can engage in more cooperation and exchanges to promote peace and prosperity in the Indo-Pacific region in all aspects. In particular, China in recent years has been actively expanding its red supply chains, which threaten the global free trade system and advanced technology markets. Taiwan hopes to combine the strengths of the democratic community to build resilient, reliable non-red supply chains. In the semiconductor industry, for example, Taiwan has excellent advanced manufacturing capabilities, while Japan plays an important role in materials, equipment, and key technologies. I am confident that, given the experience that Taiwan and Japan have in cooperating, we can build an industrial supply chain composed of democratic nations to ensure a resilient global economy and sustainable development. I hope that Taiwan and Japan can bring about the early signing of an EPA in order to deepen our bilateral trade and investment exchanges and cooperation. I also hope that Japan will continue supporting Taiwan’s bid to join the CPTPP, enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. Taiwan and Japan are democratic partners that share the values of freedom, democracy, and respect for human rights. I firmly believe that so long as we work together, we can certainly address the challenges posed by authoritarianism, and bring prosperity and development to the Indo-Pacific region. In closing, I welcome Representative Kobayashi once again. I am certain that this visit will help enhance Taiwan-Japan exchanges and deepen our friendship. Representative Kobayashi then delivered remarks, first thanking President Lai for taking the time to meet with him, and noting that this was his second visit to Taiwan following a trip seven years prior, when he came with his good friend from college and then-Director of the LDP Youth Division Suzuki Keisuke, now Japan’s minister of justice. Representative Kobayashi mentioned a Japanese kanji that he is very fond of – 絆 (kizuna) – which means “deep ties of friendship.” He emphasized that a key purpose of this visit to Taiwan was to reiterate the deep ties of friendship between Taiwan and Japan. In addition to deep historical ties, he said, Taiwan and Japan also enjoy a like-minded partnership in terms of economic, personnel, and friendship-oriented exchanges. He went on to say that at the strategic level, Taiwan and Japan also have deep ties of friendship, and that for Japan, it is strategically important that Taiwan not be isolated under any circumstances. Representative Kobayashi emphasized that cooperation between Taiwan and Japan, and even cooperation among Taiwan, Japan, and the United States, are more important now than ever, and that another important focus of this visit is the non-red supply chains referred to earlier by President Lai. He said that as Japan’s first economic security minister and the person currently in charge of the LDP’s policy on economic security, he is acutely aware of the important impact of economic security on national interests, and therefore looks forward to further exchanging views regarding Taiwan’s concrete steps to build non-red supply chains. The delegation was accompanied to the Presidential Office by Japan-Taiwan Exchange Association Deputy Representative Takaba Yo.

    Details
    2025-06-16
    President Lai meets delegation led by Representative Bera, co-chair of US Congressional Taiwan Caucus
    On the morning of June 16, President Lai Ching-te met with a delegation led by Representative Ami Bera, co-chair of the US Congressional Taiwan Caucus. In remarks, President Lai thanked the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives to strengthen Taiwan-US ties, helping expand Taiwan’s international space and continuing to place focus on peace and stability across the Taiwan Strait. The president said that we will continue to strengthen bilateral investment and industrial cooperation and create a more comprehensive environment for economic and trade exchanges to jointly enhance economic and developmental resilience. A translation of President Lai’s remarks follows: I am delighted to meet with the delegation and welcome Congressman Bera back to the Presidential Office. Last January, he visited after the presidential election, demonstrating the steadfast backing of the US Congress for democratic Taiwan. This time, as head of a delegation of new members of the House Armed Services Committee and the Foreign Affairs Committee, he is continuing to foster US congressional support for Taiwan. On behalf of the people of Taiwan, I extend a sincere welcome to Congressman Bera and all our esteemed guests. Over the years, staunch bipartisan US congressional backing of Taiwan has been a key force for steadily advancing our bilateral relations. I thank the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives, thereby strengthening Taiwan-US ties, helping expand Taiwan’s international space, and continuing to place focus on peace and stability across the Taiwan Strait. I want to emphasize that Taiwan has an unwavering determination to safeguard peace and stability in the Indo-Pacific region. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience and accelerate reform of national defense. The government is also prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP this year. I hope that Taiwan-US security cooperation will evolve beyond military procurement to a partnership that encompasses joint research and development and joint production, further strengthening cooperation and exchange in the defense industry. Regarding industrial exchanges, last month, Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Minister of Economic Affairs Kuo Jyh-huei (郭智輝) each visited Texas to see firsthand Taiwan-US collaboration in AI and semiconductors. And the delegation led by Executive Yuan Secretary-General Kung Ming-hsin (龔明鑫) sent by Taiwan to this year’s SelectUSA Investment Summit in Washington, DC, was again the largest of those attending. All of this demonstrates Taiwan’s commitment to working alongside the US to create mutual prosperity. In the future, we will continue to strengthen bilateral investment and industrial cooperation. And I hope that the legislation addressing the issue of Taiwan-US double taxation will become law this year. I want to thank Congressman Bera for co-leading a joint letter last November signed by over 100 members of Congress calling for such legislation. I believe that by creating a more comprehensive environment for economic and trade exchanges, Taiwan and the US can enhance economic and developmental resilience. In closing, I thank you all for making the long journey here to advance Taiwan-US relations. Let us continue working together to promote the prosperous development of this important partnership. Congressman Bera then delivered remarks, saying that on behalf of the delegation, it is an honor for him to be here once again, it being last January that he and Congressman Mario Díaz-Balart visited and congratulated President Lai on his election victory, noting that theirs was the first congressional delegation to do so. Congressman Bera said that this is an important time, not just for the US and Taiwan relationship, but for all relationships around the world. When we look at conflicts in Europe and in the Middle East, he said, it is incumbent upon democracies to hold the peace in Asia. He emphasized that is why it is important for them to bring a delegation of members of the Foreign Affairs Committee and the Armed Services Committee, adding that he believes for all of them it is their first trip to Taiwan.  Congressman Bera said that while this is a delegation of Democratic members of Congress, in a bipartisan way all of Congress continues to support the people of Taiwan. As such, in this visit he brings support from his co-chairs on the Taiwan caucus, Congressman Díaz-Balart and Congressman Andy Barr. He also took a moment to recognize the passing of Congressman Gerald Connolly, who was a longtime friend of Taiwan and one of their co-chairs on the caucus. Congressman Bera mentioned that there is always a special bond between himself and President Lai because they are both doctors, and as doctors, their profession is about healing, keeping the peace, and making sure everybody has a bright, prosperous future. In closing, he highlighted that it is in that spirit that their delegation visits with the president. The delegation also included members of the US Congress Gabe Amo, Wesley Bell, Julie Johnson, Sarah McBride, and Johnny Olszewski.

    Details
    2025-06-13
    President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel
    On the morning of June 12, President Lai Ching-te met a delegation led by Marie-Noëlle Battistel, chair of the French National Assembly’s Taiwan Friendship Group. In remarks, President Lai thanked the National Assembly for its long-term support for Taiwan’s international participation and for upholding security in the Taiwan Strait, helping make France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. The president also said that exchanges and cooperation between Taiwan and France are becoming more frequent, and that he hopes this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations and help build closer partnerships in the economy, trade, energy, and digital security.  A translation of President Lai’s remarks follows: First, I would like to welcome Chair Battistel, who is once again leading a visiting delegation. Last year, Chair Battistel co-led a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao. This is her fourth visit, and first as chair of the Taiwan Friendship Group, which makes it especially meaningful. This delegation’s visit demonstrates strong support for Taiwan, and on behalf of the people of Taiwan, I want to express my sincerest welcome and thanks. France is a pioneer in promoting free and democratic values. These are values that Taiwan cherishes and is working hard to defend. I want to express gratitude to the French Parliament for their long-term support for Taiwan’s international participation, and for upholding security in the Taiwan Strait. The French Parliament’s two chambers have continued to strongly support Taiwan, with the passage of a resolution supporting Taiwan’s participation in international organizations in 2021, as well as the passage of the seven-year Military Programming Law in 2023. This has made France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. Through it all, the Taiwan Friendship Group has played a key role, and I want to thank all of our distinguished guests for their efforts. Over the past few years, Taiwan and France have continued to deepen cooperation in areas including the economy, technology, culture, and sports. At the Choose France summit held in Paris last month, Taiwanese and French enterprises also announced they will launch cooperation in the semiconductor and satellite fields. The VivaTech startup exhibition, now being held in France, also has many Taiwanese vendors participating. Exchanges and cooperation between Taiwan and France, whether official or people-to-people, are becoming more and more frequent. I hope that this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations, building closer partnerships in the economy, trade, energy, and digital security.  To address current geopolitical and economic challenges, Taiwan will continue to join forces with France and other like-minded countries to jointly safeguard peace and stability in the Indo-Pacific region, and contribute our concerted efforts to global prosperity and development. Once again, I want to welcome our visitors to Taiwan. I hope to continue our joint efforts to create a more prosperous future for both Taiwan and France.   Chair Battistel then delivered remarks, thanking President Lai for extending this invitation. Last year on May 20, she said, she and her delegation attended the presidential inauguration ceremony, so she was delighted to visit Taiwan once again with the French National Assembly’s Taiwan Friendship Group and bear witness to their friendship with Taiwan. Chair Battistel noted that this visit has given them an opportunity to strengthen Taiwan-France relations in areas including the economy, culture, the humanities, and diplomacy, and conduct exchanges with numerous heads of government agencies and research institutes. It has also been an opportunity, she said, to witness the importance of exchanges and cooperation with Taiwan in areas including energy, semiconductors, youth, and culture, and the impact created by important issues of mutual concern, including AI and disinformation, on the security of many countries. Chair Battistel praised Taiwan for its youth development efforts, and said that under the Taiwan Global Pathfinders Initiative, 30 Taiwanese young people have embarked on a visit to France, with itineraries including the United Nations Ocean Conference and the VivaTech exhibition, as well as the city of Toulouse, which is strategically important for the aerospace industry. Members of the group are also conducting exchanges at the French National Assembly, she said.  Chair Battistel stated that the Taiwan-France partnership is growing closer, and that she hopes to continue to strengthen bilateral exchanges and cooperation, as supporting peace for Taiwan supports peace around the world.  The delegation also included Taiwan Friendship Group Vice Chair Éric Martineau, as well as National Assembly Committee on Foreign Affairs Vice Chair Laetitia Saint-Paul and Deputies Marie-José Allemand and Claudia Rouaux. The delegation was accompanied to the Presidential Office by French Office in Taipei Deputy Director Cléa Le Cardeur.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI Economics: Christine Lagarde: Culture and the economy

    Source: Bank for International Settlements

    It is a pleasure to be here at the Munich Opera Festival.

    This festival draws on a tradition that stretches back 150 years. And over the next five weeks, audiences will experience a rich variety of performances.

    The programme includes some of opera’s canonical heavyweights, like Mozart’s Don Giovanni. But it also ventures into rarer territory, with works such as Strauss’s Die Liebe der Danae.

    But one work especially caught my eye: Fauré’s Pénélope, which will be performed at the Bavarian State Opera for the first time at this year’s festival.

    Now, I can already hear some members of the audience thinking: “Well, of course she chooses the French one.” Yes, but I would like to highlight Pénélope for an entirely different reason.

    It is the perfect distillation of European culture – both past and present.

    It is a story based on a Greek myth. After all, Pénélope is the loyal wife of Odysseus in Homer’s Odyssey. It is a story reimagined as an opera, an art form with roots in late 16th century Italy. It was written in France and performed in the country’s native language. And it is now being directed here in Munich.

    This opera is an odyssey through European culture itself – from ancient Greece to modern Germany, via Italy and France. It is also the story of a resilient woman.

    MIL OSI Economics

  • MIL-OSI Economics: Andrew Bailey: Revisiting the Norman Conquest of $4.86. Thoughts for the world today

    Source: Bank for International Settlements

    It is a great pleasure to have the opportunity to open this conference. You could say that it is an example of the endearing British sense of humour that we organise a conference on what is commonly regarded as one of the less good economic decisions in the country’s history. You may add that what I have just said demonstrates another British characteristic, the calculated British sense of understatement. Actually, as I hope to show, there remain lessons to be learned from the events. And, I do follow the wise advice of Ken Arrow, that “It will always be true that practical understanding of the present will require knowledge of the past.” 1

    Two other things before I get properly started. First, my title is unashamedly a lift from the sub-title of Donald Moggridge’s book on British monetary policy in the period2, which – as Adam Tooze has recently commented – is one of the best such sub-titles. On this, can I also say how nice it is that Susan will participate in the panel session today. It wouldn’t be the same if we could not personally record the major contribution of Susan and Don in this field. And, it is of course sad that Don isn’t with us.

    The second point is to mention something that I find amusing about the events around the return to gold. Montagu Norman kept a diary, which is available on-line on the Bank’s website. On the day it was announced by Winston Churchill at 4.30pm in the House of Commons, Norman wrote in large capitals in his diary, “GOLD STANDARD”. In this day and age, I think we can describe it as putting the caps lock on and going full Trump.

    On to more serious stuff. I am not going to give a full account of the events of 1925, I am going to be selective to illustrate a few points. One way to look at the episode is as a clash between domestic and international priorities. Norman took an international view – I will come on to describe it more fully. His biographer Andrew Boyle commented that he ardently believed that Europe could only begin to count on lasting peace and prosperity once Britain reinstated the gold standard3.

    In contrast, Don concluded forcefully that Norman failed to understand the domestic context, and showed very little apparent interest in doing so. The wild card in this is the position of Keynes. I will come onto this, but I do think the most pithy observation here came from Don when he observed that over time Keynes advocated almost every possible form of exchange rate arrangement.

    I am going to set out very briefly, and rather selectively, some of the arguments on the international versus domestic cases, and then use these to draw out a few points that I think are of relevance today.

    There are a number of strands to the international argument, but they come together in the conviction that the gold standard was the best form of monetary anchor at the time, that it was an open economy anchor in the sense that it had anchored across countries in a world of large capital and trade flows, and that in doing so before the First World War it had worked. It provided certainty on the terms of international trade and thus lowered transaction costs. Douglas Irwin has concluded that studies have attributed up to 20% of the growth of world trade between 1880 and 1910 to the benefits of greater certainty and lower transactions costs4. Allied to this is the argument that before the First World War adherence to the gold standard was an effective signal of credibility which had beneficial consequences for a country’s external borrowing cost. Estimates put this benefit as up to 30 basis points5.

    I would add two further elements of the broad international argument for returning at the pre-war parity. The first is the view that the experience of hyper-inflation in a number of European economies after the First World War heightened the attraction of sticking to the pre-war anchor. The second is that returning to gold at the established parity, and lowering transactions costs by doing so, would benefit the City of London as a financial centre, and most particularly if the UK led the way in doing so.

    The problem was of course that by returning in this way the burden of adjustment fell on domestic wages and prices. These had been sufficiently flexible in the late nineteenth century, but in the face of smaller economic shocks than were to emerge after 1925.

    But at the pre-war parity sterling was overvalued – domestic prices were now higher relative to other countries. This was the essence of the Keynes critique, namely that a central bank with the objective of fixing the value of its currency in terms of gold could not use monetary policy to stabilise domestic prices, which should be the objective6. In stable times, the gold standard worked because there was no conflict between a fixed exchange rate and stable domestic prices. But that was not the case when the economic shocks were larger, and because domestic prices were relatively higher the impact was to force deflation. We can add to this that in terms of the impact on borrowing costs noted earlier, the actual evidence suggests that while countries returning to gold at pre-war parities did lower their costs of borrowing, those who devalued on return gained somewhat more, though the evidence is open to some interpretation7.

    A further problem that was revealed by the larger shocks that occurred after return concerned the asymmetry of adjustment. The gold standard did not provide an explicit remit for monetary policy. It was supposed to work on the basis of the price-specie flow mechanism set out by David Hume, where gold flows were determined by monetary conditions, backed up by central banks following the “rules of the game”, with appropriate interest rate and balance sheet policies. In this way, prices would adjust to restore Balance of Payments equilibrium. Whether central banks always followed those rules in the pre-1914 gold standard is debated, but the system seemed to work, at least in in times of smaller shocks. But with the larger shocks of the late 1920s and 1930s, deviating from those rules mattered. The surplus countries (France and the US) sterilised gold inflows and thus prevented the equilibrating mechanism through domestic price adjustment. Irwin estimates that between 1928 and 1930, the US and France demonetised 11% of the world’s gold stock, thereby contributing to further deflation8.

    Before concluding on the relevance for today, I want to draw out a further point. As I noted earlier, it is quite hard to pin down exactly what exchange rate regime Keynes did prefer, as distinct from the ones he did not like. As Irwin notes, by 1925 he was certainly an opponent of the return to the pre-War parity under the gold standard.

    But he favoured exchange rate stability and was sceptical that flexible exchange rates could solve Balance of Payments problems9. He appreciated therefore that by preferring domestic employment goals and exchange rate management, he was ruling out open capital flows. This put him at odds with Norman. In fact, James Meade – the subject of a new biography by Susan10 – was one of the few economists of the period whose views were more aligned to the modern preference of free floating exchange rates, free trade and domestic monetary policy goals.

    Turning to the relevance of 1925 for today’s issues, I want to finish by drawing out three points where there are interesting parallels.

    The first concerns the robustness of monetary regimes. The gold standard stood up to the test of the shocks of the nineteenth century, but did not stand up to the much larger shocks of the inter-war period, and particularly the late 1920s and 1930s. Our regime today, based on the nominal anchor of the domestic inflation target, was developed over the decade or so before the financial crisis. In contrast to the gold standard, I think that it has stood up well to the larger shocks of recent years starting with the financial crisis. Our judgement to date is that it has contributed well to reducing inflation persistence following the shocks of recent years.

    The second point is closely related. Some countries went back onto gold and introduced flexibility by adjusting their parities from the pre-war level. As I described earlier, this was not the UK approach, and not only was this Norman’s strong preference, but returning at the pre-war parity was the conclusion of both committees set up to examine the issue, starting with the Cunliffe Committee of 1918. In the well-known words of former Chancellor Reginald McKenna to Churchill: “There is no escape, you have to go back, but it will be hell”. For Churchill, it was a matter of “Shackling ourselves to reality”11. But this begs the question, how much flexibility can be included in an anchor without compromising it?

    More recent UK history is interesting here. In the days immediately pre-Bank independence, the UK started with an inflation target range, and then switched to a point target.

    This strikes me as a sensible limitation of flexibility to promote the credibility of the target. But after the financial crisis and the following recession, the target regime was modified to allow more flexibility in the pace of return to target where there are so-called trade-off conditions between activity and inflation. This “constrained discretion” is limited but useful flexibility. The appropriateness of flexibility therefore remains an important judgement.

    The third point concerns international adjustment under the gold standard, and, as I noted earlier, the asymmetry between surplus and deficit countries when it came to so-called equilibrating gold flows.

    This meant that surplus countries had the incentive and the ability to put more of the adjustment burden onto the deficit countries, as was the case with France and the US. The adjustment asymmetry point was subsequently built into the Bretton Woods regime. Today, we have another version of this issue when we look at the US-China trade position and the associated imbalances. The asymmetry may not be the same, or indeed present even, but it is reasonable to believe that it might be a feature.

    To end, all of this reinforces for me the benefits of going back to review the 1925 decision – there is much to study and learn.

    Thank you.

    I would like to thank Michael Anson, Oliver Bush, Karen Jude, Martin Seneca, Alan Taylor and Ryland Thomas for their help in the preparation of these remarks.


    MIL OSI Economics

  • MIL-OSI Russia: On World Dog Day, Moscow State Veterinary Service Doctors Talked About Their Most Interesting Patients

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Every year, Moscow’s state veterinary clinics receive about 250 thousand dogs. In the first half of this year, city residents came to see their dogs more than 139 thousand times, of which 32 thousand pets needed veterinary care for the first time.

    On July 2, World Dog Day, specialists from state veterinary clinics talked about the specifics of working with man’s faithful friends and remembered the most interesting patients.

    Little Ones and Giants

    Muscovites increasingly prefer miniature dog breeds – this is a trend of recent years. Today, veterinarians unanimously call Yorkshire terriers the most popular breed – these dogs are encountered more often than others at receptions in state veterinary clinics. Chihuahuas, French bulldogs, Spitz and corgis are slightly inferior to Yorkies in numbers, but are also common in the capital.

    Among the frequent guests of veterinary clinics are also toy terriers, pugs, spitz and Jack Russell terriers, which confirms the steady interest in compact and active breeds. But rare patients of the capital’s veterinarians include French spaniels, Tyrolean hounds, Czech fouseks, Swedish vallhunds and Swiss laufhunds.

    The smallest Yorkie weighing 500 grams was registered at the Krasnogvardeyskaya Veterinary Clinic, and a Chihuahua that fit in the owner’s palm was treated at Kuntsevskaya. Among the largest breeds, pets weighing from 75 to 120 kilograms were seen at the veterinarian’s office – a Spanish water dog, a Caucasian shepherd, a Leonberger and an Alabai. The record belongs to a patient at the Butovskaya Veterinary Clinic – a Tibetan mastiff named Orlando, who weighs more than 120 kilograms.

    Seasoned and biting

    The most “biting monsters” who are ready to eat the vet at the appointment are among miniature dog breeds. Toy terriers are the top dog, and Chihuahuas, griffons, Pomeranians and Yorkies are also among the most toothy patients.

    Labradors behave ideally in the veterinarian’s office – they are the most docile and obedient patients. Cavalier King Charles Spaniel, Bichon Frise, Sennenhund and Bulldog breeds calmly visit the veterinary clinic.

    The Zelenograd veterinary clinic recently accepted an English bulldog with a truly British character – the dog was able to remove a skin lesion under local anesthesia, and the patient not only did not worry, but also continued to play calmly with the paramedic.

    The most common diseases

    Most often, pets are brought to Moscow state veterinary clinics with complaints of digestive system problems, gastroenteritis, enterocolitis. Also among the most common ailments in dogs are diseases of the urinary and cardiovascular systems.

    In miniature breeds, cardiologists often note mitral valve endocardiosis and cardiomyopathy. As a rule, dogs are brought to surgeons, orthopedists and traumatologists with orthopedic diseases, lameness of various etiologies, luxation of the patella, and also with tumors.

    Veterinarians also cite dental problems, kennel cough, and atopic dermatitis as common diseases in dogs.

    Complex cases

    In Moscow state veterinary clinics, dogs undergo operations of any degree of complexity – dental, oncological, ophthalmological, on the musculoskeletal system and many others.

    Recently, a four-year-old dog was operated on at the Zelenograd veterinary clinic. Due to numerous cesarean sections, she developed adhesive disease. A planned sterilization turned into a difficult case – surgeon Nadezhda Kuzina with great difficulty separated the uterus and ovaries from other organs, including the intestines, bladder and peritoneum. After the operation, the calm and leisurely patient turned into a lively dog, became super active, cheerful, which greatly surprised the owners. It turned out that adhesions were pulling everything inside and preventing her from moving.

    Pavel Artamonov, a trauma surgeon at the Krasnogvardeyskaya Veterinary Clinic, encountered a unique case when removing a poodle’s spleen. The weight of the removed organ, together with the tumor, was five kilograms, meaning that the 16-kilogram patient “lost weight” to 11 kilograms after the operation.

    The same veterinary clinic told of an almost unbelievable case of healing a 10-year-old Yorkie. The dog was picked up on the street. In addition to a tumor of the uterus and ovaries, she had multiple hernias and a prolapsed bladder into the hernial sac. During the operation, the patient’s heart stopped four times, and there was also swelling of the brain stem. Surgeon Ekaterina Baranova and a team of specialists had to perform resuscitation four times. As a result, the dog’s condition was stabilized and within a week after the operation, she fully recovered.

    There are 25 state veterinary clinics in Moscow. You can make an appointment online atMos.ru, in the mobile applications “Gosuslugi Moskvy” and “My Moscow”, as well as through contact center operators by phone: 7 495 612-12-12 (24 hours).

    Sergei Sobyanin: Full-fledged canine parks will be created in MoscowThe capital’s veterinarians will talk about pet care at the “Paws” festivalBirthday of the Moscow State Veterinary Service: How the capital’s veterinary science lives and develops

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156155073/

    MIL OSI Russia News

  • MIL-OSI China: Gonzalo heads Real Madrid past Juventus and into Club World Cup quarters

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

    Gonzalo Garcia’s second-half header lifted Real Madrid to a 1-0 victory over Juventus on Tuesday, securing the Spanish side a place in the FIFA Club World Cup quarterfinals.

    Vinicius Junior (L) of Real Madrid vies with Manuel Locatelli of Juventus during the round of 16 match between Spain’s Real Madrid and Italy’s Juventus FC at the FIFA Club World Cup 2025 at the Hard Rock Stadium, Miami, Florida, the United States, July 1, 2025. (Xinhua/Wu Xiaoling)

    The breakthrough came in the 54th minute when Trent Alexander-Arnold delivered a precise cross from the right, allowing Garcia to nod home from close range. The 21-year-old now has three goals and one assist in four tournament matches.

    Persistent rain in the Hard Rock Stadium area eased shortly before kickoff, avoiding further delays after earlier weather disruptions during the tournament.

    Juventus made six changes to its starting lineup, with Kenan Yildiz, Francisco Conceicao and Randal Kolo Muani replacing Nicolas Gonzalez, Teun Koopmeiners and Dusan Vlahovic in the attack.

    Real Madrid welcomed back star forward Kylian Mbappe, who was named as a substitute after having missed the group stage with gastroenteritis.

    Despite Madrid controlling early possession, Juventus carved out the sharper chances. Yildiz intercepted a pass and surged through midfield to slip Kolo Muani through on goal, but the French forward lifted his effort over the bar. Yildiz threatened again minutes later, forcing a corner with a deflected shot.

    Jude Bellingham nearly opened the scoring for Madrid in the 29th minute, but Juventus goalkeeper Michele Di Gregorio produced a reflex save to deny him from Alexander-Arnold’s cutback. Di Gregorio kept his side in the match with another close-range stop to deny Federico Valverde just before halftime.

    The Italian keeper continued his strong performance after the break, parrying efforts from both Bellingham and Dean Huijsen, but was finally beaten by Garcia’s decisive header.

    Garcia made way in the 68th minute for Mbappe, who made his Club World Cup debut.

    Late saves from Di Gregorio kept Juventus in contention, but the Serie A side failed to find an equalizer against Madrid’s disciplined defense.

    Real Madrid will face either Borussia Dortmund or Monterrey – who play later Tuesday night – in Saturday’s quarterfinal in New York.

    MIL OSI China News

  • MIL-OSI: DNO Secures North Sea Gas Offtake and Related USD 500 Million Financing Facility; Adds Arrows to its Quiver

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 2 July 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned Norway operating subsidiaries have entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major US bank for up to USD 500 million.

    The offtake agreement covers the entirety of DNO’s Norwegian gas production post acquisition of Sval Energi Group AS, offers premium pricing and has a tenor of four years as from 1 October 2025.

    Related to the agreement, DNO has entered into an offtake financing facility with a US bank for up to USD 500 million. Under the facility, DNO is paid, by the bank, the value of up to 270 days of scheduled gas production based on future gas sales receivables. The all-in interest rate for drawn amounts under the facility is significantly below conventional reserve-based lending (RBL) terms available to DNO, with no charges for undrawn amounts. There are no financial covenants related to the facility.

    Proceeds from the offtake financing facility will be used to replace Sval Energi’s similar existing facilities as well as for general corporate purposes.

    “We have received strong interest by buyers to prepurchase our enlarged North Sea production of 80,000 barrels of oil equivalent per day split about equally between oil and gas,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “These three-way transactions are made possible because buyers are eager to lock in secure supplies of Norwegian oil and gas and US banks, in particular, have significantly stepped up fossil fuel lending,” he explained.

    Given availability of attractive offtake financing terms, DNO has repaid and will not renew over USD 600 million in RBLs across its North Sea subsidiaries. In addition, the Company has borrowed USD 300 million under a one-year bank bridge loan “to add more arrows to our quiver,” according to Mr. Mossavar-Rahmani.

    Separately, DNO is in discussions to establish an offtake agreement and related financing facility on comparable terms for its North Sea oil production.

    – 

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

    – 

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

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

    The MIL Network

  • MIL-OSI: DNO Secures North Sea Gas Offtake and Related USD 500 Million Financing Facility; Adds Arrows to its Quiver

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 2 July 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned Norway operating subsidiaries have entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major US bank for up to USD 500 million.

    The offtake agreement covers the entirety of DNO’s Norwegian gas production post acquisition of Sval Energi Group AS, offers premium pricing and has a tenor of four years as from 1 October 2025.

    Related to the agreement, DNO has entered into an offtake financing facility with a US bank for up to USD 500 million. Under the facility, DNO is paid, by the bank, the value of up to 270 days of scheduled gas production based on future gas sales receivables. The all-in interest rate for drawn amounts under the facility is significantly below conventional reserve-based lending (RBL) terms available to DNO, with no charges for undrawn amounts. There are no financial covenants related to the facility.

    Proceeds from the offtake financing facility will be used to replace Sval Energi’s similar existing facilities as well as for general corporate purposes.

    “We have received strong interest by buyers to prepurchase our enlarged North Sea production of 80,000 barrels of oil equivalent per day split about equally between oil and gas,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “These three-way transactions are made possible because buyers are eager to lock in secure supplies of Norwegian oil and gas and US banks, in particular, have significantly stepped up fossil fuel lending,” he explained.

    Given availability of attractive offtake financing terms, DNO has repaid and will not renew over USD 600 million in RBLs across its North Sea subsidiaries. In addition, the Company has borrowed USD 300 million under a one-year bank bridge loan “to add more arrows to our quiver,” according to Mr. Mossavar-Rahmani.

    Separately, DNO is in discussions to establish an offtake agreement and related financing facility on comparable terms for its North Sea oil production.

    – 

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

    – 

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

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

    The MIL Network

  • MIL-OSI Asia-Pac: Rosanna Law to visit France

    Source: Hong Kong Information Services

    Secretary for Culture, Sports & Tourism Rosanna Law will depart tomorrow for France, where she will visit Paris and Bordeaux with a view to enhancing collaboration between Hong Kong and France in the areas of culture and tourism.

    Miss Law will meet French government officials and representatives of the wine trade to explore opportunities for co-operation and exchange. She will also visit museums and tourist landmarks.

    The culture chief will head back to Hong Kong on July 9. During her absence, Under Secretary for Culture, Sports & Tourism Raistlin Lau will be Acting Secretary.

    MIL OSI Asia Pacific News

  • EU to add international CO2 credits to next climate goal

    Source: Government of India

    Source: Government of India (4)

    The European Commission will on Wednesday propose an EU climate target for 2040 that for the first time will allow countries to use carbon credits from developing nations to meet a limited share of their emissions goal, a draft of the proposal showed.

    The draft, seen by Reuters, said the European Union executive would propose a legally-binding target to cut net greenhouse gas emissions by 90% by 2040, from 1990 levels – with the aim of keeping the EU on course for its core climate aim to reach net zero emissions by 2050.

    But following pressure from governments including France, Germany, Italy, Poland and the Czech Republic, the draft EU proposal includes flexibilities that would soften the 90% emissions target for European industries.

    Previous EU emissions targets have been based entirely on domestic emissions cuts.

    Reflecting Germany’s public stance, up to 3 percentage points of the 2040 target can be covered by carbon credits bought from other countries through a U.N.-backed market, the draft said, reducing the effort required by domestic industries.

    The carbon credits would be phased in from 2036, and the EU will propose legislation “setting robust and high integrity criteria and standards, and conditions on origin, timing and use of such credits,” the draft said.

    Countries would also get more flexibility on choosing which sectors in their economy contribute most towards the 2040 goal, it said.

    Climate change has made Europe the world’s fastest warming continent and a heatwave this week has caused wildfires and disruption across the continent, but Europe’s ambitious policies to combat temperature rise have stoked tensions within the 27-member bloc.

    While the European Commission has pitched its climate agenda as a way to improve Europe’s competitiveness and security, some governments and lawmakers say industries reeling from U.S. tariffs and high energy costs cannot afford tougher emissions rules.

    “Decarbonisation is not only crucial for the planet, but also a key driver of economic growth when integrated with industrial, competition, and trade policies,” the draft said.

    A Commission spokesperson declined to comment on the draft, which could change before it is published.

    Carbon credits are generated by projects that reduce CO2 emissions abroad – for example, forest restoration in Brazil, and raise funds for such projects. However, investigations have shown some credits failed to deliver the environmental benefits they claimed.

    The EU’s climate science advisers have opposed counting them towards the 2040 target, and said spending money on foreign carbon credits would divert investments from local industries.

    EU countries and lawmakers must negotiate and approve the 2040 goal. That lawmaking process can take years, but the EU faces a deadline of mid-September to submit a new 2035 climate target to the U.N. – which the Commission has said should be derived from the 2040 goal.

    (Reuters)

  • MIL-OSI Asia-Pac: SCST to visit France

    Source: Hong Kong Government special administrative region

    The Secretary for Culture, Sports and Tourism, Miss Rosanna Law, will depart for France to visit Paris and Bordeaux in the early hours tomorrow (July 3) to enhance collaboration between Hong Kong and France in the areas of culture and tourism.
     
    During her stay in France, Miss Law will engage with French government officials and trade representatives of the wine industry to explore opportunities for co-operation and exchange. She will also visit museums and prominent tourist landmarks.
     
    Miss Law will depart for Hong Kong on July 9 (Wednesday). During her absence, the Under Secretary for Culture, Sports and Tourism, Mr Raistlin Lau, will be the Acting Secretary for Culture, Sports and Tourism.

    MIL OSI Asia Pacific News

  • MIL-OSI China: Eurozone inflation rate reaches 2% in June

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

    Photo taken on July 7, 2022 shows the headquarter of the European Central Bank in Frankfurt, Germany. [Photo/Xinhua]

    The annual inflation rate in the Eurozone is expected to reach 2 percent for June, up from 1.9 percent in May, according to a flash estimate published Tuesday by Eurostat.

    The inflation is driven by the price of services, which recorded a yearly inflation rate of 3.3 percent in June, up from 3.2 percent the previous month.

    The prices of food, alcohol, and tobacco registered a 3.1 percent year-on-year inflation rate in June, down from 3.2 percent in May.

    Inflation for non-energy industrial goods declined from 0.6 percent in May to 0.5 percent in June. A negative inflation rate of -2.7 percent was recorded for energy prices, an increase from -3.6 percent in May.

    Core inflation, which excludes energy, food, tobacco and alcohol prices, was unchanged at 2.3 percent in June.

    Among the main economies of the Eurozone, Germany recorded an inflation rate of 2 percent, down from 2.1 percent in May. France recorded an inflation rate of 0.8 percent, up from 0.6 percent in May, and Spain’s inflation rate stands at 2.2 percent, up from 2 percent in May.

    The highest inflation rate was recorded in Estonia at 5.2 percent, up from 4.6 percent the previous month, while Cyprus registered the lowest inflation rate for June at 0.5 percent, up from 0.4 percent in May.

    “Inflationary pressures have clearly weakened as wage growth is coming down and economic performance remains sluggish, keeping the door open to another rate cut in autumn,” said Bert Colijn, Chief Economist for the Netherlands at ING.

    According to Colijn, risks such as oil price spikes and the outcome of tariff negotiations between the EU and the U.S. remain.

    The European Central Bank (ECB) last month announced an eighth rate cut, bringing the policy interest rate to the lowest level since December 2022. According to the ECB statement, most measures of underlying inflation suggest that inflation will settle at around the 2 percent medium-term target on a sustained basis. However, the ECB has not yet dropped its guard, insisting that it is determined to ensure inflation stabilizes sustainably at its medium-term target.

    Market expectations for interest rate cuts were unchanged after the June inflation figures were published. 

    MIL OSI China News

  • MIL-OSI China: Zverev, Gauff among record Wimbledon seeds exodus

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

    Five top-10 seeds, including China’s Olympic champion Zheng Qinwen, crashed out of the first round at Wimbledon on Tuesday in a day of upsets and soaring temperatures.

    Zheng, the No. 5 seed in the women’s singles draw, suffered her third consecutive first-round exit at the grass-court Grand Slam, falling to Czech doubles specialist Katerina Siniakova 7-5, 4-6, 6-1. The match was played as London endured its hottest day of the year, with temperatures surpassing 33 degrees Celsius.

    “I should have done better in my service games,” said Zheng, who was broken twice after leading 5-3 in the opening set. “I don’t think the surface is a challenge for me. I just felt that I should raise my level in my service games today.”

    Siniakova, 29, a 10-time women’s doubles Grand Slam champion, will face four-time major winner Naomi Osaka in the second round.

    Carlos Alcaraz hits a return during the men’s singles first round match between Carlos Alcaraz of Spain and Fabio Fognini of Italy at Wimbledon Tennis Championship in London, Britain, June 30, 2025. (Xinhua/Zhao Dingzhe) (Xinhua/Zhao Dingzhe)

    Second-seeded Coco Gauff and third-seeded Jessica Pegula were also knocked out of the women’s singles on a day filled with surprises.

    Gauff, the reigning US Open champion who won last month’s French Open, was beaten 7-6 (3), 6-1 by Ukraine’s Dayana Yastremska.

    “I’m obviously disappointed how the result went today,” said Gauff, 21. “Dayana started off playing strong. I think I couldn’t find my footing out there today.”

    Gauff, a three-time fourth-round finisher at Wimbledon, added: “I really do want to do well here. I’m not someone who wants to write myself off grass this early in my career, but I definitely need to make changes if I want to be successful here.”

    Pegula, meanwhile, was stunned by Italy’s Elisabetta Cocciaretto 6-2, 6-3 in just 58 minutes.

    In the men’s draw, No. 3 seed Alexander Zverev of Germany fell 7-6 (3), 6-7 (8), 6-3, 6-7 (5), 6-4 to France’s Arthur Rinderknech.

    Rinderknech, 29, called it the biggest win of his career. “When it’s on Center Court of Wimbledon against a guy like Sascha, who is No. 3 in the world and has been there for the last probably ten years, such a consistent player, and in five sets, I can’t really ask for more,” he said.

    Seventh-seeded Lorenzo Musetti of Italy also suffered a shock defeat, losing to Georgian qualifier Nikoloz Basilashvili 6-2, 4-6, 7-5, 6-1. However, Musetti’s compatriot and world No. 1 Jannik Sinner advanced with ease, defeating fellow Italian Luca Nardi 6-4, 6-2, 6-0.

    In the final match on Center Court, 24-time Grand Slam champion Novak Djokovic overcame a mid-match illness to defeat France’s Alexandre Muller 6-1, 6-7 (7), 6-2, 6-2.

    The 38-year-old Serbian revealed he had been struggling with a stomach upset during the match. “The energy kicked back in after some doctor’s miracle pills and I managed to finish the match on a good note,” Djokovic said.

    Monday’s opening day also saw early exits for No. 8 seed Holger Rune of Denmark and No. 9 seed Daniil Medvedev of Russia, both of whom were eliminated in the first round.

    MIL OSI China News

  • MIL-OSI Submissions: Trade in a mythical fish is threatening real species of rays that are rare and at risk

    Source: The Conversation – USA (2) – By James Marcus Drymon, Associate Extension Professor in Marine Fisheries Ecology, Mississippi State University

    These ‘pez diablo,’ or devil fish, are actually guitarfishes that have been caught, killed, dried and carved into exotic shapes. Bryan Huerta-Beltrán, CC BY-ND

    From the Loch Ness monster to Bigfoot, also known as Sasquatch, to the jackalope of the U.S. West, mythical animals have long captured human imagination.

    Some people are so fascinated with mythical creatures that they create their own, either working from pure fantasy or by modifying real animals. In a newly published study, we show that in countries such as Mexico, people are catching, drying and shaping guitarfishes – members of the rhino ray family, one of the most threatened groups of marine fishes – to create mythical specimens called “pez diablo,” or devil fish.

    Depending on where these curios are sold, they might also be referred to as Jenny Hanivers, garadiávolos or rayas chupacabras. The origin and meaning of the term “Jenny Haniver” is unclear, but the most accepted explanation is “Jeune d’Anvers,” or “young girl from Antwerp” in French.

    We found that pez diablo are made for many reasons, including as curios for the tourist trade and as purported cures for cancer, arthritis and anemia. Some are simply used for hoaxes. Regardless, the pez diablo trade could threaten the survival of guitarfishes.

    Young guitarfishes on display at the New England Aquarium in Boston.

    Fishy talismans

    Skates and rays, including guitarfishes, are flat-bodied fishes related to sharks and are found worldwide. Together, they make up a group known as elasmobranchs, which are characterized by their unique skeletons made of cartilage rather than bone like most other fishes.

    Skates have long been used to craft mythical creatures. The earliest known examples date back to 1558 in Europe, where they were fashioned to resemble dragons. These objects were thought to offer pathways to the divine or medicinal cures.

    In the mid-20th century, dried guitarfishes emerged as a new generation of mythical creatures. This may be because their unique shape can be fashioned into more humanlike forms. Their long nostrils, which are positioned just above their mouths, can resemble eyes.

    The ‘eyes’ of these dried guitarfishes are actually nostrils on top of the fishes’ long, pointed snouts.
    Bryan Huerta-Beltrán, CC BY-ND

    The first known case of a modified guitarfish was described in 1933. Since then, specimens have made their way into museums, and dozens of North American newspapers have published stories featuring modified guitarfishes.

    A real and endangered fish

    Guitarfishes are one of the most threatened vertebrate groups on the planet: Without careful management, they are at risk of global extinction. As many as two-thirds of all guitarfishes are classified as threatened on the IUCN Red List, a global inventory that assesses extinction risks to wild species.

    Guitarfishes are found in warm temperate and tropical oceans around the world. Fishers target them as an inexpensive source of protein. Guitarfishes may also be caught accidentally or collected live for the aquarium trade.

    Ultimately, however, these species are worth more as pez diablo than for other uses. For example, an entire fresh guitarfish in Mexico is worth approximately US$2, whereas guitarfish that have been killed, dried and carved into pez diablo can be worth anywhere from $50–$500 on eBay and other e-commerce sites.

    Curbing the pez diablo trade

    Internationally, the guitarfish trade is regulated by the Convention on International Trade in Endangered Species of Wild Fauna and Flora, an international agreement between governments. This agreement requires member countries to manage guitarfish trade across international borders.

    Most countries where guitarfishes occur, however, do not have national regulations to protect these species. As a result, people who create or sell pez diablo are likely unaware that these fishes are threatened.

    There are as many as 37 species of guitarfish, some of which are at higher risk of extinction than others. Yet to the untrained eye, it can be hard to distinguish one guitarfish species from another. It’s especially hard to identify dried and mutilated guitarfishes that have been processed into pez diablo and look very different from their natural form.

    An intact guitarfish, left, and a carved, dried version.
    Bryan Huerta-Beltrán, CC BY-ND

    This is a common challenge for agencies that monitor trade in animal products. The global wildlife trade is an enormous market, involving billions of animals moving through both legal and illegal channels. Many wildlife products are heavily altered, which makes it hard to identify the species and determine where the product came from.

    Another source of confusion is that many people in Mexico also refer to an invasive freshwater fish that has overrun lakes and rivers across the nation as pez diablo. This “other” pez diablo is actually a suckermouth catfish and is not at all related to any of the threatened guitarfishes. Local education efforts need to distinguish clearly between these two species, since the desired outcome is to protect guitarfish while removing the invasive catfish.

    A dried and modified guitarfish, left, compared with an invasive suckermouth catfish.
    Bryan Huerta-Beltrán, CC BY-ND

    Guitarfish CSI

    Fortunately, advances in wildlife forensics offer a way to distinguish between species. Molecular techniques have been used to identify many illegally traded species, including guitarfishes. By taking a small skin sample, scientists can use DNA to identify the species of individual pez diablo. This method can help protect endangered species by helping to ensure that laws against wildlife trafficking are followed.

    Refining this kind of molecular tool is the most promising way to improve traceability in the trade of guitarfishes. By documenting where and how pez diablo are traded, scientists and conservationists can help clarify the threats to these species. The pez diablo is an imaginary creature, but it is doing real harm to threatened guitarfishes in the world’s warm oceans.

    Bryan Huerta-Beltran receives funding from Save Our Seas Foundation.

    Nicole Phillips is affiliated with the Sawfish Conservation Society and receives funding from the Save Our Seas Foundation.

    James Marcus Drymon and Peter Kyne do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Trade in a mythical fish is threatening real species of rays that are rare and at risk – https://theconversation.com/trade-in-a-mythical-fish-is-threatening-real-species-of-rays-that-are-rare-and-at-risk-247433

    MIL OSI

  • MIL-OSI Submissions: Trade in a mythical fish is threatening real species of rays that are rare and at risk

    Source: The Conversation – USA (2) – By James Marcus Drymon, Associate Extension Professor in Marine Fisheries Ecology, Mississippi State University

    These ‘pez diablo,’ or devil fish, are actually guitarfishes that have been caught, killed, dried and carved into exotic shapes. Bryan Huerta-Beltrán, CC BY-ND

    From the Loch Ness monster to Bigfoot, also known as Sasquatch, to the jackalope of the U.S. West, mythical animals have long captured human imagination.

    Some people are so fascinated with mythical creatures that they create their own, either working from pure fantasy or by modifying real animals. In a newly published study, we show that in countries such as Mexico, people are catching, drying and shaping guitarfishes – members of the rhino ray family, one of the most threatened groups of marine fishes – to create mythical specimens called “pez diablo,” or devil fish.

    Depending on where these curios are sold, they might also be referred to as Jenny Hanivers, garadiávolos or rayas chupacabras. The origin and meaning of the term “Jenny Haniver” is unclear, but the most accepted explanation is “Jeune d’Anvers,” or “young girl from Antwerp” in French.

    We found that pez diablo are made for many reasons, including as curios for the tourist trade and as purported cures for cancer, arthritis and anemia. Some are simply used for hoaxes. Regardless, the pez diablo trade could threaten the survival of guitarfishes.

    Young guitarfishes on display at the New England Aquarium in Boston.

    Fishy talismans

    Skates and rays, including guitarfishes, are flat-bodied fishes related to sharks and are found worldwide. Together, they make up a group known as elasmobranchs, which are characterized by their unique skeletons made of cartilage rather than bone like most other fishes.

    Skates have long been used to craft mythical creatures. The earliest known examples date back to 1558 in Europe, where they were fashioned to resemble dragons. These objects were thought to offer pathways to the divine or medicinal cures.

    In the mid-20th century, dried guitarfishes emerged as a new generation of mythical creatures. This may be because their unique shape can be fashioned into more humanlike forms. Their long nostrils, which are positioned just above their mouths, can resemble eyes.

    The ‘eyes’ of these dried guitarfishes are actually nostrils on top of the fishes’ long, pointed snouts.
    Bryan Huerta-Beltrán, CC BY-ND

    The first known case of a modified guitarfish was described in 1933. Since then, specimens have made their way into museums, and dozens of North American newspapers have published stories featuring modified guitarfishes.

    A real and endangered fish

    Guitarfishes are one of the most threatened vertebrate groups on the planet: Without careful management, they are at risk of global extinction. As many as two-thirds of all guitarfishes are classified as threatened on the IUCN Red List, a global inventory that assesses extinction risks to wild species.

    Guitarfishes are found in warm temperate and tropical oceans around the world. Fishers target them as an inexpensive source of protein. Guitarfishes may also be caught accidentally or collected live for the aquarium trade.

    Ultimately, however, these species are worth more as pez diablo than for other uses. For example, an entire fresh guitarfish in Mexico is worth approximately US$2, whereas guitarfish that have been killed, dried and carved into pez diablo can be worth anywhere from $50–$500 on eBay and other e-commerce sites.

    Curbing the pez diablo trade

    Internationally, the guitarfish trade is regulated by the Convention on International Trade in Endangered Species of Wild Fauna and Flora, an international agreement between governments. This agreement requires member countries to manage guitarfish trade across international borders.

    Most countries where guitarfishes occur, however, do not have national regulations to protect these species. As a result, people who create or sell pez diablo are likely unaware that these fishes are threatened.

    There are as many as 37 species of guitarfish, some of which are at higher risk of extinction than others. Yet to the untrained eye, it can be hard to distinguish one guitarfish species from another. It’s especially hard to identify dried and mutilated guitarfishes that have been processed into pez diablo and look very different from their natural form.

    An intact guitarfish, left, and a carved, dried version.
    Bryan Huerta-Beltrán, CC BY-ND

    This is a common challenge for agencies that monitor trade in animal products. The global wildlife trade is an enormous market, involving billions of animals moving through both legal and illegal channels. Many wildlife products are heavily altered, which makes it hard to identify the species and determine where the product came from.

    Another source of confusion is that many people in Mexico also refer to an invasive freshwater fish that has overrun lakes and rivers across the nation as pez diablo. This “other” pez diablo is actually a suckermouth catfish and is not at all related to any of the threatened guitarfishes. Local education efforts need to distinguish clearly between these two species, since the desired outcome is to protect guitarfish while removing the invasive catfish.

    A dried and modified guitarfish, left, compared with an invasive suckermouth catfish.
    Bryan Huerta-Beltrán, CC BY-ND

    Guitarfish CSI

    Fortunately, advances in wildlife forensics offer a way to distinguish between species. Molecular techniques have been used to identify many illegally traded species, including guitarfishes. By taking a small skin sample, scientists can use DNA to identify the species of individual pez diablo. This method can help protect endangered species by helping to ensure that laws against wildlife trafficking are followed.

    Refining this kind of molecular tool is the most promising way to improve traceability in the trade of guitarfishes. By documenting where and how pez diablo are traded, scientists and conservationists can help clarify the threats to these species. The pez diablo is an imaginary creature, but it is doing real harm to threatened guitarfishes in the world’s warm oceans.

    Bryan Huerta-Beltran receives funding from Save Our Seas Foundation.

    Nicole Phillips is affiliated with the Sawfish Conservation Society and receives funding from the Save Our Seas Foundation.

    James Marcus Drymon and Peter Kyne do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Trade in a mythical fish is threatening real species of rays that are rare and at risk – https://theconversation.com/trade-in-a-mythical-fish-is-threatening-real-species-of-rays-that-are-rare-and-at-risk-247433

    MIL OSI

  • MIL-OSI China: Strengthening Party’s leadership role through ‘pulling the string of self-reform tighter’

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

    Strengthening Party’s leadership role through ‘pulling the string of self-reform tighter’

    BEIJING, July 1 — The Communist Party of China (CPC), which has led the country through a remarkable transformation from poverty to prosperity over the 76 years since it came to power, marked the 104th anniversary of its founding on Tuesday.

    Ahead of the anniversary, the Party’s top leader Xi Jinping presided over a group study session of the Political Bureau of the CPC Central Committee, during which he stressed advancing full and rigorous Party self-governance by promoting good conduct.

    “The tasks of advancing Chinese modernization entrusted to our Party are extremely challenging, and the governing environment is unusually complex. We must pull the string of self-reform tighter,” said Xi.

    Xi believes that the Party must keep strengthening itself to always be the backbone of the Chinese people and nation.

    According to the latest tally, the CPC had more than 100 million members and 5.25 million primary-level organizations at the end of 2024.

    Monday’s group study session centered on a theme that Xi has made a key task this year for strengthening the Party, namely, bolstering the whole Party’s compliance with the principles of a landmark code of conduct, known as the eight-point rules.

    The code was introduced under the aegis of Xi in December 2012, shortly after he was elected general secretary of the CPC Central Committee.

    The document sets out rules for Political Bureau members when they conduct research tours, meetings and paperwork — banning extravagances such as lavish banquets, red carpets and luxury perks.

    The code has evolved into a consistent, Party-wide measure to curb unnecessary formalities, bureaucratism, hedonism, and extravagance — tendencies that risk alienating the Party from the people.

    Having profoundly reshaped official work styles in China over the past decade, the eight-point rules continue to drive efforts in this regard today.

    To sustain this momentum, a nationwide education campaign was launched this year, with Xi warning against the resurgence of undesirable practices in disguised or mutated forms.

    The code has served as a breakthrough point for comprehensively strengthening Party governance, said Shen Chengfei, dean of the School of Marxism at Sun Yat-sen University in south China’s Guangzhou.

    By enforcing the code, the CPC showed it delivers on its word. That, Shen added, is how the Party builds and maintains public trust.

    Under Xi’s leadership, efforts to strengthen the Party have since been implemented with consistency and determination.

    With this spirit, Xi has reshaped the Party from within. What was once lax and weak self-governance in Party organizations has been tackled at the root.

    Moreover, an overwhelming victory in the fight against corruption has removed serious hidden dangers in the Party, the country and the military.

    Italian scholar Francesco Maringio said the CPC’s ability to reform itself is a key factor in its success.

    UNYIELDING MISSION

    A strong governing Party has proven instrumental to China’s progress, with achievements over the past decade including lifting nearly 100 million rural residents out of poverty, maintaining its status as the world’s second-largest economy, effectively controlling COVID-19, tackling pollution, and demonstrating resilience in the face of external headwinds.

    Building on past achievements, the nation is pressing forward with its modernization drive. However, the road ahead will be far from smooth.

    In an article published Tuesday in Qiushi Journal, the CPC’s flagship magazine, Xi emphasized that Chinese modernization requires strengthened unity and diligence. He described it as a great cause that involves all Chinese people, one that is full of risks and challenges and demands arduous efforts.

    Through self-reform, the CPC is tempering its members by sharpening their resolve, honing their capabilities, and preparing them to face adversity with courage, composure, and grit.

    Xi urged this generation of Party members to build on past success and strive for even greater accomplishments.

    “We must effectively strengthen our Party so that it can unite all the sons and daughters of the Chinese nation in developing our country and advancing national rejuvenation,” he said.

    MIL OSI China News

  • MIL-OSI China: Barcelona forward Fati joins Monaco on loan

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

    FC Barcelona on Tuesday extended the contract of striker Ansu Fati before loaning him to Monaco for the forthcoming season.

    Ansu Fati (L) of Barcelona vies with Sergi Gomez of Espanyol during the Spanish La Liga football match between FC Barcelona and RCD Espanyol in Barcelona, Spain, Nov. 3, 2024. (Photo by Joan Gosa/Xinhua)

    The 22-year-old has extended his stay at Barcelona until the end of June 2028, although the loan deal to Monaco offers the French side the option to make the move permanent at the end of the season for around 11 million euros.

    Fati burst into the Barca first team in 2019, when he became the second youngest player to debut for the club after 16 years and 298 days. However, after a brilliant start to his career, which led to the inevitable ‘Leo Messi’ comparisons, he tore his meniscus ligament in October 2020 and complications saw him need four operations, with an expected four-month recovery extending to almost 11 months.

    Fati was then plagued by a series of muscle problems and Barcelona decided to loan him to Brighton in the Premier League for the 2023-24 season only for injury to again limit him to less than 1,000 minutes action.

    He was in the Barca first team squad last season, but Barca coach Hansi Flick rarely used him.

    MIL OSI China News

  • MIL-OSI: JAMining Launches Global XRP Cloud Mining Initiative: Scalable, Secure, and Built for the Next Wave of Digital Adoption

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 01, 2025 (GLOBE NEWSWIRE) —

    JAMining, one of the industry’s most trusted names in cloud-based cryptocurrency mining, has officially launched its XRP cloud mining contracts—marking a new phase in decentralized participation for digital asset investors across the globe. With over 16 years of operational history, JAMining continues to push the boundaries of inclusive, intelligent mining.

    As the market demand for alternative mining methods accelerates, XRP has emerged as a strong contender, thanks to its high throughput, institutional appeal, and low transaction fees. JAMining’s latest integration allows anyone—from institutional investors to first-time users—to mine XRP securely without owning any physical hardware.

    Cloud Mining Reimagined: XRP Mining Without Borders

    JAMining’s XRP contracts remove the complexity and capital-intensive nature of traditional mining. Instead of purchasing ASIC machines or worrying about electricity rates, users can simply register, select a mining plan, and begin earning XRP within minutes.

    The platform offers short- and medium-term mining contracts, such as:

          (Click here for more contract details )

    All contracts are capital-protected and designed for liquidity—ensuring your initial investment is returned at the end of the term, with daily income automatically credited.

    “The idea is simple,” said a JAMining spokesperson. “You don’t need to be a blockchain expert to benefit from blockchain infrastructure. JAMining’s AI-backed mining engine does the heavy lifting while you collect stable daily rewards.”

    Intelligent Systems, Zero Hardware Hassles

    Key Features:

    • AI-Powered Allocation: Mining tasks are dynamically distributed to maximize profitability across XRP pools.
    • No Setup Required: All systems run in high-availability data centers powered by renewable energy.
    • Mobile Dashboard Access: Track earnings, contract performance, and manage settings with full transparency.
    • Real-Time Payouts: 24/7 mining with daily income and instant withdrawals.

    The platform’s backend is hosted across strategically located, environmentally responsible data centers powered by solar and wind energy. By prioritizing sustainability, JAMining positions itself as a rare fusion of financial innovation and ecological responsibility.

    Why XRP and Why Now?

    XRP’s increasing role in cross-border payments, remittances, and institutional banking has made it one of the most discussed digital assets of 2025. With regulatory clarity on the horizon and major financial entities eyeing XRP’s utility, cloud mining it now offers a rare asymmetric opportunity.

    Unlike speculation-based investing, cloud mining provides fixed, predictable income—something that risk-averse investors and institutions increasingly prefer.

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    The MIL Network

  • MIL-OSI Submissions: Pop, soda or coke? The fizzy history behind America’s favorite linguistic debate

    Source: The Conversation – USA (2) – By Valerie M. Fridland, Professor of Linguistics, University of Nevada, Reno

    ‘I’ll have a coke – no, not Coca-Cola, Sprite.’ Justin Sullivan/Getty Images

    With burgers sizzling and classic rock thumping, many Americans revel in summer cookouts – at least until that wayward cousin asks for a “pop” in soda country, or even worse, a “coke” when they actually want a Sprite.

    Few American linguistic debates have bubbled quite as long and effervescently as the one over whether a generic soft drink should be called a soda, pop or coke.

    The word you use generally boils down to where you’re from: Midwesterners enjoy a good pop, while soda is tops in the North and far West. Southerners, long the cultural mavericks, don’t bat an eyelash asking for coke – lowercase – before homing in on exactly the type they want: Perhaps a root beer or a Coke, uppercase.

    As a linguist who studies American dialects, I’m less interested in this regional divide and far more fascinated by the unexpected history behind how a fizzy “health” drink from the early 1800s spawned the modern soft drink’s many names and iterations.

    Bubbles, anyone?

    Foods and drinks with wellness benefits might seem like a modern phenomenon, but the urge to create drinks with medicinal properties inspired what might be called a soda revolution in the 1800s.

    An 1878 engraving of a soda fountain.
    Smith Collection/Gado via Getty Images

    The process of carbonating water was first discovered in the late 1700s. By the early 1800s, this carbonated water had become popular as a health drink and was often referred to as “soda water.” The word “soda” likely came from “sodium,” since these drinks often contained salts, which were then believed to have healing properties.

    Given its alleged curative effects for health issues such as indigestion, pharmacists sold soda water at soda fountains, innovative devices that created carbonated water to be sold by the glass. A chemistry professor, Benjamin Stillman, set up the first such device in a drugstore in New Haven, Connecticut, in 1806. Its eventual success inspired a boom of soda fountains in drugstores and health spas.

    By the mid-1800s, pharmacists were creating unique root-, fruit- and herb-infused concoctions, such as sassafras-based root beer, at their soda fountains, often marketing them as cures for everything from fatigue to foul moods.

    These flavored, sweetened versions gave rise to the linking of the word “soda” with a sweetened carbonated beverage, as opposed to simple, carbonated water.

    Seltzer – today’s popular term for such sparkling water – was around, too. But it was used only for the naturally carbonated mineral water from the German town Nieder-Selters. Unlike Perrier, sourced similarly from a specific spring in France, seltzer made the leap to becoming a generic term for fizzy water.

    Many late-19th-century and early 20th-century drugstores contained soda fountains – a nod to the original belief that the sugary, bubbly drink possessed medicinal qualities.
    Hall of Electrical History Foundation/Corbis via Getty Images

    Regional naming patterns

    So how did “soda” come to be called so many different things in different places?

    It all stems from a mix of economic enterprise and linguistic ingenuity.

    The popularity of “soda” in the Northeast likely reflects the soda fountain’s longer history in the region. Since a lot of Americans living in the Northeast migrated to California in the mid-to-late 1800s, the name likely traveled west with them.

    As for the Midwestern preference for “pop” – well, the earliest American use of the term to refer to a sparkling beverage appeared in the 1840s in the name of a flavored version called “ginger pop.” Such ginger-flavored pop, though, was around in Britain by 1816, since a Newcastle songbook is where you can first see it used in text. The “pop” seems to be onomatopoeic for the noise made when the cork was released from the bottle before drinking.

    A jingle for Faygo touts the company’s ‘red pop.’

    Linguists don’t fully know why “pop” became so popular in the Midwest. But one theory links it to a Michigan bottling company, Feigenson Brothers Bottling Works – today known as Faygo Beverages – that used “pop” in the name of the sodas they marketed and sold. Another theory suggests that because bottles were more common in the region, soda drinkers were more likely to hear the “pop” sound than in the Northeast, where soda fountains reigned.

    As for using coke generically, the first Coca-Cola was served in 1886 by Dr. John Pemberton, a pharmacist at Jacobs’ Pharmacy in Atlanta and the founder of the company. In the 1900s, the Coca-Cola company tried to stamp out the use of “Coke” for “Coca-Cola.” But that ship had already sailed. Since Coca-Cola originated and was overwhelmingly popular in the South, its generic use grew out of the fact that people almost always asked for “Coke.”

    No alcohol means not ‘hard’ but ‘soft.’
    Nostalgic Collections/eBay

    As with Jell-O, Kleenex, Band-Aids and seltzer, it became a generic term.

    What’s soft about it?

    Speaking of soft drinks, what’s up with that term?

    It was originally used to distinguish all nonalcoholic drinks from “hard drinks,” or beverages containing spirits.

    Interestingly, the original Coca-Cola formula included wine – resembling a type of alcoholic “health” drink popular overseas, Vin Mariani. But Pemberton went on to develop a “soft” version a few years later to be sold as a medicinal drink.

    Due to the growing popularity of soda water concoctions, eventually “soft drink” came to mean only such sweetened carbonated beverages, a linguistic testament to America’s enduring love affair with sugar and bubbles.

    With the average American guzzling almost 40 gallons per year, you can call it whatever you what. Just don’t call it healthy.

    Valerie M. Fridland 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. Pop, soda or coke? The fizzy history behind America’s favorite linguistic debate – https://theconversation.com/pop-soda-or-coke-the-fizzy-history-behind-americas-favorite-linguistic-debate-259114

    MIL OSI

  • MIL-OSI Submissions: The Bear season 4: this meaty restaurant drama is still an enticing bingeable prospect

    Source: The Conversation – UK – By Jane Steventon, Course Leader, BA (Hons) Screenwriting; Deputy Course Leader & Senior Lecturer, BA (Hons) Film Production, University of Portsmouth

    Take a soupçon of identity crisis, a pinch of perfectionism, a scoop of burnout and mix thoroughly with a large measure of fraternal grief and sear over a hot grill and voilà! You have The Bear, a perfectly blended drama about a chef on the edge, driven by relentless ambition and exacting standards as he turns his family’s humble sandwich shop into a fine-dining restaurant.

    This intoxicating family drama was eaten up by critics and audiences alike in 2022, its first season garnering a rare perfect 100% score on Rotten Tomatoes, the subsequent two reaching scores of 99% and 89% respectively. It’s certainly a hard act to follow for season four.

    The first ten minutes of The Bear’s pilot episode thrillingly defined what was to come in high-octane style and scene-setting detail. The first season delivered a clever mix of authentic dialogue and setting, relatable family dysfunction and dynamic production style.

    Showstopping scenes of stressful kitchen heat were served up alongside a delectable range of new and established talent in the form of Jeremy Allen White (Carmy), Ebon Moss-Bachrach (Richie), Ayo Edebiri (Sydney) and Oliver Platt (Cicero/Uncle Jimmy).


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    In charge is showrunner Christopher Storer, who came up with the concept after being inspired by his friend’s father Chris Zucchero, the owner of Chicago sandwich joint Mr Beef.

    With his professional chef sister also serving as a consultant, Storer succeeded in creating a deliciously authentic and intensely real drama. Buoyed along the way by 21 Emmys and five Golden Globes, Storer also watched his cast ascend, the tortured-soul performance of White garnering particular praise.

    Testing the parameters of a long-running show, Storer focused in on the entire cast of characters and their backstories, a successful tactic used by shows such as Orange is the New Black to keep the drama – largely confined to a kitchen set – fresh.

    Pulling in Hollywood die-hards Oliver Platt and Jamie Lee Curtis for familial tough-love roles further enriched the mix, often using a non-chronological timeframe to go back to moments of family turbulence and tension. This made for three-dimensional characters and enabled evolution around difficult themes such as the aftermath of suicide and generational trauma.

    The Bear has come a long way in three seasons, starting with a spit and sawdust establishment serving up the lunchtime beef sandwiches for its working customers.

    Carmy’s experience and longing for the high-end restaurant of his dreams hurtled forward in season two, as he sent his core crew off in different directions to hone their skills and help form his vision. A restaurant trying to win success but plagued with challenges, there were exhausting familial tensions embedded in every episode of season three.

    Several themes play out in The Bear: love, family, loyalty, community and purpose. The relationship between Carmy and cousin Richie (not a real cousin, but a term of endearment) is key to linking past and future. Richie provides some of the highlights of comedy and pathos as he spits truth bombs, most frequently at talented sous-chef Syd.

    It is Syd who follows Carmy’s aspirations for gastronomic perfection but can’t abide the lack of order or the intense highs and lows that inevitably go hand in hand with his talent. And this is one central question to consider for the latest series: just how long will the audience remain loyal to Carmy and his endless quest for artistry in a high-failure rate industry?

    It’s all in the sauce

    Storer begins season four with a ghost. Carmy and his dead brother Mikey (Jon Berthal) banter in a seven-minute scene, with Carmy ultimately confiding the dream of a restaurant as Mikey watches him make tomato sauce (“too much garlic”). The tomatoes resonate: Mikey left behind money hidden in tomato cans that ended up saving Carmy’s sanity and his dream of a proper restaurant.

    Just as oranges represent death to Frances Ford Coppola, Storer uses tomatoes to underscore themes; here they symbolise familial loyalty and history, a solid base to a meal, a core ingredient. Mikey was one of the core ingredients in Carmy’s life, and now he’s gone.

    Carmy awakens to a rerun of Groundhog Day on late-night TV and fittingly, we too are back – same dish, now more seasoned and enriched with its core ingredients and ready to serve up a big bowlful of family, love, ambition, strife and grief.

    The episode furthers the theme of loyalty as the restaurant receives The Tribune’s review – the cliffhanger of the season three finale. Naturally, Storer doesn’t let up – the food critic highlights “dissonance” and Carmy is back in emotional chaos, with Syd urging him to lighten up and lose the misery.

    In truth, this series could do with adding some more humour in the mix; the teasing and frivolous banter of season one has got somewhat lost in the seasons that followed.

    Storer ramps up the tension, setting several ticking clocks in place: chiefly Uncle Jimmy’s notice period for the business to turn a profit is literally installed on a digital clock in the kitchen. Then Syd’s headhunter calls, offering her desired autonomy and an exit strategy from the chaos.

    And Carmy raises the stakes with an intention to gain a Michelin star. Thus a heroic journey is set in place for the whole cast, with future battles both internal and external laid out.

    There’s too much going on at this feast and the feeling of being stuffed full of story is tangible by the end of the first episode. Still, with a season lining up more emotional turbulence steered by White, more celebrity cameos (Brie Larson and Rob Reiner are lined up) and the excellent cinematography and performances that we have come to expect, Storer stirs his secret sauce.

    The Bear still offers an entertaining and enticing proposition, bingeable and mostly satisfying.

    Jane Steventon 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. The Bear season 4: this meaty restaurant drama is still an enticing bingeable prospect – https://theconversation.com/the-bear-season-4-this-meaty-restaurant-drama-is-still-an-enticing-bingeable-prospect-260143

    MIL OSI

  • Djokovic passes Muller test to reach Wimbledon second round

    Source: Government of India

    Source: Government of India (4)

    Seven-time Wimbledon champion Novak Djokovic was made to work hard after a strong start as he began his bid for a 25th Grand Slam title by beating unseeded Frenchman Alexandre Muller 6-1 6-7(7) 6-2 6-2 to reach the second round on Tuesday.

    The sixth seed, who is aiming to equal Roger Federer’s haul at the All England Club and move past Margaret Court in the all-time list of major champions, will take on British wild card Dan Evans in the next round.

    “I wouldn’t be here if I didn’t think I have a chance, to be honest,” Djokovic said.

    “I think I always have a chance, I’ve earned my right to feel I can go all the way to the title. I’ve had arguably the most success of any Grand Slam here in the last decade.

    “It’s just the beginning of the tournament. There are many fantastic players in the draw. I’m going to be playing a Briton in the next round. That’s going to be a tough one, but I look forward to it.

    “I’ve always felt like grass, particularly in the second part of my career, was really the surface where I played my best tennis, so why not do it again?”

    Djokovic, who endured a poor year before lifting his 100th tour-level trophy in Geneva ahead of a run to the semi-finals of the French Open, powered through the opening set against Muller by winning six games on the trot.

    Muller put up much more of a fight in the next set, saving five breakpoints to hold for 4-4 before forcing a tiebreak where he raised his game again to battle from 2-5 down and draw level in the match.

    Djokovic caught his breath when the Centre Court roof was closed and then took a medical timeout early in the third set for a stomach problem, before going up 3-2 with a break after Muller hit his sixth double fault of the match.

    Having wrapped up the third set, Djokovic racked up a 4-2 advantage in the fourth set with an exquisite backhand winner and there was no looking back from there as he completed the victory by holding to love.

    “I went from feeling my absolute best for a set and a half to my absolute worst for about 45 minutes,” Djokovic added.

    “Whether it was a stomach bug, I don’t know what it was, but I just struggled with that. The energy kicked back in after some doctor’s miracle pills.

    “I managed to finish the match on a good note.”

    -Reuters

  • Djokovic passes Muller test to reach Wimbledon second round

    Source: Government of India

    Source: Government of India (4)

    Seven-time Wimbledon champion Novak Djokovic was made to work hard after a strong start as he began his bid for a 25th Grand Slam title by beating unseeded Frenchman Alexandre Muller 6-1 6-7(7) 6-2 6-2 to reach the second round on Tuesday.

    The sixth seed, who is aiming to equal Roger Federer’s haul at the All England Club and move past Margaret Court in the all-time list of major champions, will take on British wild card Dan Evans in the next round.

    “I wouldn’t be here if I didn’t think I have a chance, to be honest,” Djokovic said.

    “I think I always have a chance, I’ve earned my right to feel I can go all the way to the title. I’ve had arguably the most success of any Grand Slam here in the last decade.

    “It’s just the beginning of the tournament. There are many fantastic players in the draw. I’m going to be playing a Briton in the next round. That’s going to be a tough one, but I look forward to it.

    “I’ve always felt like grass, particularly in the second part of my career, was really the surface where I played my best tennis, so why not do it again?”

    Djokovic, who endured a poor year before lifting his 100th tour-level trophy in Geneva ahead of a run to the semi-finals of the French Open, powered through the opening set against Muller by winning six games on the trot.

    Muller put up much more of a fight in the next set, saving five breakpoints to hold for 4-4 before forcing a tiebreak where he raised his game again to battle from 2-5 down and draw level in the match.

    Djokovic caught his breath when the Centre Court roof was closed and then took a medical timeout early in the third set for a stomach problem, before going up 3-2 with a break after Muller hit his sixth double fault of the match.

    Having wrapped up the third set, Djokovic racked up a 4-2 advantage in the fourth set with an exquisite backhand winner and there was no looking back from there as he completed the victory by holding to love.

    “I went from feeling my absolute best for a set and a half to my absolute worst for about 45 minutes,” Djokovic added.

    “Whether it was a stomach bug, I don’t know what it was, but I just struggled with that. The energy kicked back in after some doctor’s miracle pills.

    “I managed to finish the match on a good note.”

    -Reuters

  • MIL-OSI USA News: WHAT THEY ARE SAYING: Senate Approves Landmark One Big Beautiful Bill

    Source: US Whitehouse

    The Senate delivered a resounding victory for American workers, farmers, and small businesses by passing President Donald J. Trump’s One Big Beautiful Bill — a transformative legislative package that locks in historic tax relief, delivers border security, reforms welfare, funds critical infrastructure, and more.

    Industry leaders and stakeholders nationwide hailed the Senate’s vote and called on the House to swiftly send the bill to President Trump’s desk:

    Airlines for America: “We are grateful that the Senate understands the urgent need to overhaul our nation’s air traffic control (ATC) system and included $12.5 billion in their reconciliation package for that cause. This is an important first step as Secretary Duffy works to implement President Trump’s vision of a brand new, state-of-the-art system. We especially appreciate Commerce Committee Chairman Ted Cruz for his long-time dedication to the safety and efficiency of our nation’s airspace. We urge the House of Representatives to quickly pass this legislation so President Trump can sign the One Big Beautiful Bill into law, begin the work of upgrading our ATC system and revitalize our airspace.”

    America’s Credit Unions President and CEO Jim Nussle: “We thank the U.S. Senate for securing the credit union not-for-profit tax status and not adding a new tax on 142 million credit union members as part of H.R. 1. Hard working Americans and their communities rely on the competitive rates and personally tailored services offered by credit unions to achieve their American Dream. By preserving the credit union tax status, it provides consumers across the country with more opportunities to achieve financial freedom.”

    American Airlines: “American Airlines strongly supports the much-needed funding to bolster and modernize our air traffic control system in the Senate reconciliation bill. In addition to staffing challenges, the U.S. air traffic control system’s technology and infrastructure have fallen behind much of the world. As President Trump and Secretary Duffy urgently work to build a state-of-the-art air traffic control system, this down payment is an essential first step in making aviation even safer and more efficient. The reconciliation bill also extends other key pro-growth tax policies that provide businesses with the necessary certainty to continue driving the economy. We urge the House to move swiftly and pass the bill.”

    American Farm Bureau Federation President Zippy Duvall: “Farm Bureau applauds the U.S. Senate for passing the reconciliation package. Farmers and ranchers are the foundation of America’s food supply chain, and they need the certainty that this legislation will provide. Improvements to farm safety net programs that reflect today’s agricultural economy and maintaining important tax provisions will directly benefit farm and ranch families … Important tax provisions will also help farmers save money that can be used to pay bills, invest in new technologies, and pass the family farm to the next generation. We now urge the House to pass the bill and get it to the president’s desk for his signature to ensure America’s farmers and ranchers can continue putting food on the table for America’s families.”

    American Federation for Children CEO Tommy Schultz: “The mission is clear: deliver school choice to every state in America. Today’s vote marks a monumental step toward that goal for the first time in history … We are eager to see President Trump sign school choice into law!”

    American Hotel & Lodging Association President and CEO Rosanna Maietta: “AHLA applauds the Senate’s swift action today to prevent major tax increases on both hotel employees and businesses. The tax provisions included in the Senate bill provide small business hotel owners with the level of certainty they need to effectively operate amidst tremendous uncertainty resulting from years of inflation, trade impacts, and a softening of demand within the broader travel sector. We commend Majority Leader Thune, Senator Crapo, and other Senate champions for securing passage. We urge Congress to swiftly get this package to the President’s desk for his signature to help put businesses back on a pro-growth footing.” 

    American Iron and Steel Institute President and CEO Kevin Dempsey: “Capital investment is crucial for economic growth and job creation in the American steel industry and the manufacturing sector as a whole. Many of the key capital cost recovery provisions of the 2017 tax law have expired or are being phased out. Restoring these provisions is essential to ensuring that many companies will be able to make new investments in steel-intensive facilities and machinery. We applaud Senate passage of this legislation which will permanently restore key provisions that have a proven record of fueling innovation and economic growth, including 100 percent bonus depreciation for business investment, immediate expensing for domestic research and development expenses and the EBITDA-based limitation on business net interest deductions. We urge the House to pass this bill and send it to President Trump this week so that he can sign it into law as soon as possible.”

    American Petroleum Institute President and CEO Mike Sommers: “We applaud the Senate for passing the One Big Beautiful Bill to bolster America’s energy advantage and support economic growth. This historic legislation will help usher in a new era of energy dominance by unlocking opportunities for investment, opening lease sales and expanding access to oil and natural gas development. We will continue to work with policymakers to get this final package to President Trump’s desk.”

    American Soybean Association President Caleb Ragland: “ASA applauds the Senate for its support of agriculture and the farm economy in this legislation. Soybean growers have long championed comprehensive revisions to the 45Z Clean Fuel Production Credit, an improved safety net for agriculture, and increased support for research and market expansion. The modified biofuel tax credits, enhancements to crop insurance and support for MAP and FMD, among other agriculture provisions included in this legislation will support U.S. farmers and expand market opportunities domestically. ASA urges the House to maintain these key agricultural provisions that support our rural economies as they consider this legislation.”

    American Trucking Association SVP of Legislative Affairs Henry Hanscom: “The American Trucking Associations is grateful to Senate Republicans for their hard work to craft a package that will guarantee tax certainty for our nation’s trucking companies. Trucking is the backbone of our economy, employing over 8.5 million Americans in companies that range in size from one-truck operators and small family businesses to enterprise carriers.  Enacting pro-business, pro-growth tax policies will ensure that all of those companies are able to better plan for the future, invest in their workforce and equipment, and move freight safely and efficiently.  As the industry that moves 72% of America’s freight by tonnage, and that is the sole source of freight services for more than 80% of American communities, ATA looks forward to President Trump signing this measure into law as soon as possible.”

    Americans for Prosperity Chief Government Affairs Officer Brent Gardner: “We are so close to delivering a generational win to Americans by making pro-growth tax policy permanent. When we pass this bill, job creators and families will have the certainty they need to invest in their businesses and futures, reigniting the American Dream. We are encouraged by the thoughtful and productive discussions that have brought this legislation back to the House and urge members to pass it expeditiously to ensure that Americans start reaping the benefits of this transformative legislation as soon as possible … It’s time to get this bill to the Oval Office for President Trump’s signature. We’re at the goal line, it’s time to punch it in. Let’s fulfill all those campaign promises and secure this victory for hardworking American taxpayers.”

    Associated Builders and Contractors VP of Government Affairs Kristen Swearingen: “Tax certainty and pro-growth policies are not abstract policy goals for construction businesses—they are the foundation that allows ABC members to invest, grow and keep America building. We thank the Senate for passing this important legislation and urge the U.S. House of Representative to take swift action to send it to the president’s desk.”

    Associated Equipment Distributors President and CEO Brian P. McGuire: “By permanently extending and restoring pro-growth, capital investment incentivizing tax policies, the Senate is ensuring long-term tax code certainty that will benefit the equipment sector and the broader economy. AED applauds Senate Majority Leader John Thune and his team for heeding our call for tax permanence, and we urge the House to pass this legislation and send it to the president’s desk expeditiously.”

    Association of Equipment Manufacturers SVP of Government and Industry Relations Kip Eideberg: “The Association of Equipment Manufacturers applauds the U.S. Senate’s passage of the One Big Beautiful Bill (OBBB) Act — a historic bill that will strengthen U.S. manufacturing, providing the certainty in the tax code necessary for equipment manufacturers to innovate, invest, and create more family-sustaining jobs right here in America. By extending and expanding the tax reforms from 2017, the OBBB will help equipment manufacturers build more in America, while also bolstering our global competitiveness. We commend Leader Thune for his leadership and commitment to ensuring the permanence of President Trump’s pro-growth tax reforms, and applaud the lawmakers involved in driving this effort forward. We urge the U.S. House of Representatives to act swiftly and send the bill to President Trump’s desk.”

    Business Roundtable CEO Joshua Bolten: “Today’s vote puts us on the cusp of extending and strengthening tax reform. Business Roundtable applauds the Senate for passing the One Big Beautiful Bill … The House now has the opportunity to send a swift, decisive signal that America will remain a premier destination for business to invest, hire, and grow. We urge the House to act without delay and send the bill to President Trump’s desk by the Fourth of July.”

    Center for Transportation Policy Executive Director Jackson Shedelbower: “… it’s clear that lawmakers are united in an effort to modernize the country’s aging air traffic control systems. The $12.5 billion that is appropriated in both versions of the package will be a strong down payment towards ensuring that the U.S. maintains its reputation as a global leader in air travel. Lawmakers need to work out the remainder of their differences so the legislation can be swiftly pushed over the finish line.”

    CTIA—The Wireless Association President and CEO Ajit Pai: “CTIA applauds the Senate for passing the One Big Beautiful Bill, which includes a solid spectrum pipeline and smart tax provisions to support wireless investment. Along with restoring FCC auction authority, establishing a robust 800-megahertz pipeline of mid-band spectrum with a specific timeframe for action is critical to meeting growing consumer demand, securing U.S. leadership in 5G, and strengthening national and economic security.  The bill’s targeted tax incentives will accelerate private investment in next-generation networks and support infrastructure deployment, job creation, and economic growth across the country. We thank Senate leadership, including Senate Majority Leader John Thune, Senate Commerce Committee Chairman Ted Cruz, and Senator Marsha Blackburn for their commitment to securing America’s wireless future, and we urge swift action to pass this legislation so President Trump can sign it into law.”

    Concerned Veterans for America Executive Director John Vick: “This legislation represents a win for American families, small businesses, and veterans across the country―groups that form the backbone of a thriving and resilient nation. This is a monumental moment for Americans who believe in hard work, opportunity, and service. The One Big Beautiful Bill Act sets the stage for lasting prosperity and a stronger future for those who have sacrificed the most.”

    Global Business Alliance President and CEO Jonathan Samford: “I applaud Chairman Mike Crapo, Leader John Thune and their Senate colleagues for advancing international tax policies that keep the U.S. the top destination for global investment. These provisions will help sustain American jobs, drive innovation, and reinforce a stable tax environment that attracts cross-border capital and world-class know-how. I urge swift House action and final passage of this One Big Beautiful Bill Act in order to secure America’s competitive edge.”

    Iowa Biodiesel Board Executive Director Grant Kimberley: “These improvements to the biomass-based diesel tax incentive come at a pivotal moment for the industry, which has seen months of uncertainty, stalled production and investment hesitation. Together with EPA’s proposed increase in Renewable Fuel Standard volumes—projecting more than 2 billion additional gallons of biomass-based diesel in 2026—the tax developments point to a significant resurgence in clean fuel demand. This gives us much-needed certainty for the near future.”

    Information Technology Industry Council President and CEO Jason Oxman: “The One Big Beautiful Bill will advance President Trump’s vision of ensuring America outpaces global competitors and remains the world’s leader in technology. We’re pleased to see the Senate pass the reconciliation text with strong innovation-focused language that will empower companies to invest in America by restoring critical research and development expensing and stimulate economic growth and high-skilled job creation. We urge the House of Representatives to send this critical package to President Trump as quickly as possible.”

    Job Creators Network CEO Alfredo Ortiz: “By passing this tax cut bill, Republican Senators show once again that they are the party of Main Street. By expanding and making permanent the Tax Cuts and Jobs Act, including restoring full, immediate expensing, the Senate has delivered historic, pro-growth reform that can last for generations. These tax cuts empower small business owners to invest, hire, raise wages, and reinvest in their communities, ushering in America’s next Golden Age. On behalf of Main Street, JCN calls on the House to quickly pass this legislation and get it to President Trump’s desk by July 4, giving America the best birthday present it could ask for.”

    National Association of Home Builders Chairman Buddy Hughes: “NAHB commends the Senate for passing the One Big Beautiful Bill Act. This legislation will help spur economic growth and allow our members to invest more resources in multifamily rental construction, land development to build more single-family homes, and new equipment to expand their businesses. In turn, this will create a better business climate that allows builders to increase the nation’s housing supply, which is crucial to help ease America’s housing affordability crisis. We urge the House to move quickly to pass this bill.”

    National Association of Manufacturers President and CEO Jay Timmons: “The Senate just pushed the ball deep into the red zone. Now it’s the House’s turn to finish the drive and deliver a big win for manufacturers in America. The Senate advanced a tax package that will strengthen small businesses, family-owned operations and manufacturing workers across the country. It drives manufacturers closer to the goal line—growing businesses, creating jobs and powering stronger communities. After months of driving, months of endurance and effort, months of playing audacious offense and tenacious defense, months of partnership between manufacturers of every industry and our leaders in Congress and the administration, the House now can finish the job. We call on our partners in the House to send this bill to the president’s desk—the strongest tax bill for manufacturers we have seen in a generation. Because when Congress champions the 13 million people who make things in America, manufacturing wins—and when manufacturing wins, America wins.”

    National Business Aviation Association President and CEO Ed Bolen: “We thank the Senate for recognizing with this initial funding that a safe and efficient national airspace requires a robust, resilient ATC system that bolsters our nation’s global aviation leadership. As leading economists have found, immediate expensing helps companies and entrepreneurs relying on business aviation have access to a critical competitive asset, while strengthening America’s manufacturing base. These provisions represent an important investment in an essential American industry, and the citizens, companies and communities that depend on it. NBAA looks forward to their continued progress.”

    National Cattlemen’s Beef Association SVP of Government Affairs Ethan Lane: “The Senate version of the One Big Beautiful Bill protects family farmers and ranchers across the country from a massive tax hike at the end of the year, increases the Death Tax exemption, makes the Section 199A tax deduction permanent, increases the Section 179 tax deduction, funds foreign animal disease prevention programs, and delivers so many more wins for cattle producers … It’s time for the House to pass this bill and send it to President Trump’s desk so he can sign it into law.”

    National Corn Growers Association President Kenneth Hartman, Jr.: “NCGA has worked closely with members of Congress as they drafted and voted on this legislation. We are particularly pleased to see the permanent extension of certain tax provisions, which will provide more certainty to corn farmers around the country as they plan for the future of their businesses.”

    National Cotton Council Chairman Patrick Johnson: “The NCC appreciates the momentous effort that has gone into crafting and passing the One Big Beautiful Bill. We are grateful for the Senate’s commitment to delivering meaningful enhancements to the cotton safety net, which is absolutely critical for the stability and future of our industry.”

    National Council of Farmer Cooperatives President and CEO Chuck Conner: “We commend the Senate for advancing permanent tax relief through the extension of Section 199A, a key priority for farmer co-ops that ensures they are not penalized for doing business together. Equally important are the provisions extending Section 179 expensing and the clean fuel production credit under Section 45Z, which provide producers and co-ops with the incentives and tools they need to innovate, invest, and lead the transition to a more sustainable agricultural future. We also appreciate the Senate’s attention to the needs of production agriculture by updating reference prices and commodity title support to reflect today’s economic realities. Combined with a significant increase in funding for market development programs, these provisions will help producers reach new markets and stay competitive amid global uncertainty. Now, it’s time for the House of Representatives to act. We urge lawmakers to take up the Senate package without delay and send it to the president’s desk before the July 4th recess. America’s farmers can’t afford to wait.”

    National Council of Textile Organizations President and CEO Kim Glas: “On behalf of the U.S. textile industry, I would like to commend Senate leaders for including an important provision in the broader budget reconciliation bill that would permanently end de minimis for commercial shipments from all countries, effective July 2027. The Senate language mirrors a provision included in the House reconciliation package passed earlier in May … We are also grateful that the Trump administration has already used executive authorities to end de minimis access for Chinese goods—which represent approximately two-thirds of all de minimis shipments—while also laying the groundwork to close de minimis to commercial shipments from all countries.”

    National Foreign Trade Council VP for International Tax Policy Anne Gordon: “We welcome Senate passage of the One Big Beautiful Bill … We welcome the Senate’s decision to retain core international and business provisions of the Tax Cuts and Jobs Act in its version of the bill, as well as including permanent immediate expensing of research and development and reinstating depreciation and amortization in the interest deduction limitation. We are also pleased to see the Senate make permanent the look-through for controlled foreign corporations and provide other long-needed international tax fixes for U.S. corporations. As the House considers the revised bill, we encourage swift consideration and passage of tax legislation that incentivizes investment, innovation, and global opportunity for America’s job creators.”

    National Milk Producers Federation President Gregg Doud: “Dairy farmers are grateful for legislation that will create several key opportunities for dairy. Following last month’s successful vote in the House, we are excited that the Senate’s legislation also positions these investments to benefit dairy farmers and the cooperatives they own. We hope they are enacted into law as swiftly as possible.”

    National Mining Association President and CEO Rich Nolan: “We urge the House to quickly pass this bill, which increases the competitiveness of the American mining industry and provides vital incentives, including funding to counter China’s mineral dominance. The bill also makes improperly withdrawn lands available for energy production, which is key to supplying a reliable electric grid capable of powering our nation’s future. Through these measures, the bill will directly support U.S. economic growth and security. Mining feeds and fuels virtually every American supply chain; a strong mining industry creates an equally strong foundation for every industry that depends on the products and energy we provide. More can be done, and the NMA will continue to advocate with Congress and the administration on ways to support additional domestic mining, and mineral production and processing.”

    National Pork Producers Council President Duane Stateler: “We appreciate the efforts of Agriculture Chair John Boozman and other Senate leadership to ensure key animal health provisions were included in the bill, along with tax and other measures important to agriculture. Foreign animal diseases (FADs) threaten not only the livelihoods of pork producers but also our food supply chain at large. We thank our congressional leaders for these important steps to help keep our pork supplies safe, secure, and affordable for American families.”

    National Restaurant Association EVP for Public Affairs Sean Kennedy: “This bill includes the most important pro-growth tax policies restaurant operators need to continue to power the national economy. The inclusion of permanent policies for 199A qualified business income deduction, full expensing of capital investments, and the return of depreciation and amortization in the calculation of business interest expense will give restaurant operators working capital to invest in their businesses and employees. We are also pleased to see the inclusion of policies like No Tax on Tips and Overtime that will benefit our workforce. We appreciate the work that has gone into getting this bill through the Senate and encourage the House to quickly pass it, sending it to the President for signature.”

    National Roofing Contractors Association CEO McKay Daniels: “This legislation is critical to providing certainty for all businesses to continue to invest in their employees and grow their companies. In particular, the bill is a huge win for ‘main street,’ family-owned and pass-through entities that represent 95% of all U.S. businesses and employ the majority of private-sector workers. Without passage of this legislation, our industry will face rising tax burdens and diminished global competitiveness. Congress must act now to secure a stable future for America’s job creators.”

    National Small Business Association President and CEO Todd McCracken: “NSBA applauds the Senate for passing H.R. 1, the One Big Beautiful Bill Act which includes NSBA’s #1 priority, permanency for the small-business tax rate cut in the form of the 199A Qualified Business Income deduction. Enacting this provision and several others—including reversing a very problematic change to the R&D tax deduction—is a major win for small business. As our nation celebrates Independence Day, I urge the House to pass the language approved in the Senate and give America’s small businesses the freedom and independence they need and deserve to keep their businesses thriving.”

    National Sorghum Producers Chair Amy France: “These are critical improvements that will help sorghum producers manage risk, plan for the future, and stay competitive. We’re grateful to Chairman Boozman and other leaders in the Senate Ag Committee who ensured these priorities were part of the final bill.”

    Nuclear Energy Institute President and CEO Maria Korsnick: “We applaud the U.S. Senate for advancing policies that recognize the important role of nuclear energy to achieve a reliable, affordable and increasingly clean energy system. The Senate version of the budget reconciliation bill restores the nuclear power production tax credit through 2032, and the tax credits for new nuclear generation through 2033, with transferability retained for both. The Senate version also preserves the viability of the Loan Program Office by extending the program’s authority and funding from 2026 to 2028, although the appropriation of $1B is less than available under current law. Maintaining the tax provisions in the Senate bill will continue to address economic hurdles and provide confidence to invest in today’s nuclear plants, while securing long-term, well-paying jobs. Further the bill allows us to continue down the path to achieve the Administration’s ambitious goals for deploying new, cutting-edge nuclear technologies that will meet the growing demand for more reliable energy.”

    Philanthropy Roundtable COO Elizabeth McGuigan: “Now more than ever, we need a strong, vibrant civil society. Government spending is shrinking – which is a good thing – and generous Americans are ready and willing to support causes and communities around the country. We’re especially grateful for the leadership of President Donald J. Trump, whose pro-growth, pro-America agenda continues to inspire strong economic stewardship. We encourage the House to pass the Senate bill quickly and without changes.”

    RATE Coalition Executive Director Dan Combs: “Today’s vote is a major win for workers, businesses, and the American economy as a whole. By preserving the 21 percent corporate tax rate, the Senate has reaffirmed its commitment to a competitive tax code that drives investment, fuels job growth, and ensures the U.S. remains the best country in the world to start and grow a business.  We applaud this strong, pro-growth action and urge lawmakers to expeditiously finalize the legislation and send it to President Trump’s desk without delay.”

    Small Business & Entrepreneurship Council President and CEO Karen Kerrigan: “We commend Republican Senate leaders for their tireless work in getting the ‘One Big Beautiful Bill Act’ to this critical stage for America’s small business owners and entrepreneurs. Their commitment to advancing this powerful package shows incredible dedication to the success of Main Street businesses across the country and to the future of U.S. entrepreneurship. Now, House members must focus on the widespread gains in the legislation for the U.S. economy, workers, families, and small business owners. We urge the House to promptly pass the bill so it can be signed by President Trump.”

    Steel Manufacturers Association: “Congratulations to the @SenateGOP for passing H.R. 1! The bill will make historic investments in Americans, our workers, our communities and our economy will all benefit.”

    The LIBRE Initiative President Daniel Garza: “We commend the Senate for passing H.R. 1 to make the Trump tax cuts permanent—measures that have proven to deliver real benefits to hardworking families, job creators, and entrepreneurs across the country. For Latinos—who are starting businesses at a notable rate and powering local economies—this bill is not just good policy, it’s essential.  By making the low tax rates and small business provisions permanent, this legislation helps ensure that Latino workers, small business owners, and families can thrive with greater certainty, flexibility, and opportunity. Tax relief allows families to keep more of what they earn, invest in their future, and weather economic uncertainty with confidence. We applaud the Senate for sending a clear message that the American Dream remains alive and within reach for all—especially those working hard to build a better life.”

    U.S. Chamber of Commerce EVP and Chief Policy Officer Neil Bradley: “With today’s vote, the Senate has taken decisive action to deliver the kind of permanent tax relief the American business community has been calling for. The tax provisions included in this bill will not only drive economic growth and sharpen America’s competitive edge but also put more money in workers’ pockets, increasing prosperity in communities across the country. The Chamber thanks Leader Thune, Chairman Crapo, and all who are working to make the pro-growth reforms of the 2017 Tax Cuts and Jobs Act permanent, including the deduction for domestic R&D expenditures, 100% bonus depreciation for certain business investments, and an expanded business interest limitation. The Chamber applauds the Senate for voting to make these provisions permanent features of the tax code. We urge lawmakers to swiftly pass the OBBBA and deliver it to President Trump to be signed into law.”

    USA Rice Farmers Chair LG Raun: “USA Rice applauds the Senate for passing the OBBB Act including a historic and critical investment in the farm safety net. We urge the House of Representatives to take up and pass this bill with the key ag investments before the 4th of July.”

    Wine & Spirits Wholesalers of America President and CEO Francis Creighton: “On behalf of the Wine & Spirits Wholesalers of America, I want to thank the United States Senate for passing President Trump’s One Big Beautiful Bill Act under Section 198A. This critical legislation empowers America’s family-owned wholesalers to reinvest, compete, and thrive. We urge the U.S. House to act swiftly and send this bill to the President’s desk without delay.”

    MIL OSI USA News