Category: France

  • MIL-OSI United Nations: Non-Governmental Organizations Brief the Committee on the Elimination of Discrimination against Women on the Situation of Women in Afghanistan, Chad and Botswana 

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women was this afternoon briefed by representatives of non-governmental organizations on the situation of women’s rights in Afghanistan, Chad and Botswana, the reports of which the Committee will review this week.  The report of San Marino will also be reviewed this week, but there were no non-governmental organizations speaking on that country. 

     

    Non-governmental organizations speaking on Afghanistan raised concerns relating to restrictive laws against women, the ban on girls’ education, and gender-based crimes enacted by the de-facto authorities, among other issues. 

    Speakers for Chad raised issues including women’s low representation in political and public life, gender stereotypes, and the prevalence of female genital mutilation. 

    The speaker on Botswana discussed the criminalisation of sex workers, mistreatment of gender-based violence victims, and social protection gaps impacting women.

     

    No speakers took the floor in relation to San Marino.   

    The following non-governmental organizations spoke on Afghanistan: Musawah and Strategic Advocacy for Human Rights (SAHR); MADRE and CUNY School of Law; Gender Persecution Working Group (GPWG); Women’s International League for Peace and Freedom; and Afghanistan LGBTIQ+ Organization – ALO. 

    The following non-governmental organizations spoke on Chad: Lutheran World Foundation Chad; and Ligue tchadienne pour les droits des femmes (Chadian League for Women’s Rights).

    Success Capital Organization spoke on Botswana.

    The Committee on the Elimination of Discrimination against Women’s ninety-first session is being held from 16 June to 4 July.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 10 a.m. on Tuesday, 24 June to consider the fourth periodic report of Afghanistan (CEDAW/C/AFG/4).

     

    Statement by Committee Chair 

     

    NAHLA HAIDAR, Committee Chair, said this was the second opportunity during the present session for non-governmental organizations to provide information on States parties whose reports were being considered during the second week of the session, namely Afghanistan, San Marino, Chad and Botswana.  

    Statements by Non-Governmental Organizations on Afghanistan

    In the discussion on Afghanistan, speakers, among other things, said that since the Taliban assumed control of Afghanistan in 2021, Afghan women and girls had been facing increasing human rights violations.  The de facto authorities had issued decrees restricting women in all aspects of their social, cultural, political and economic life.  The 2024 law on the promotion of virtue and prevention of vice mandated ‘Sharia hijab’ covering the entire body and face of women, a prohibition on women to speak in public, and a strict male relative (mahram) requirement for women when leaving the house.  It created the institution of a morality police (muhtasib) to enforce the law, further increasing the risk of arbitrary detention and arrest by the de-facto authorities.  Among the rights that Afghan women and girls were cruelly denied were the rights to education, to work, and to freedom of peaceful assembly. 

    The Taliban’s near-total ban on girls’ education after grade six and its prohibition of women’s university attendance crushed the dreams of an entire generation.  Women had been dismissed from public employment and faced restrictions in the private sector.  Women in Afghanistan also faced extensive restrictions on mobility and employment, including through the de facto authorities’ interference in the hiring process of non-governmental organization employees.  Women had been stripped of autonomy, dignity, and the means to support themselves and their families.

    Since 2021, women lawyers had not been able to obtain or renew their licenses, and could not legally represent clients in court, including female gender-based violence survivors.  Women in court were forced to rely on male advocates to represent them, meaning they effectively had no access to justice.  The Taliban had also eliminated gender-based violence services and legal protections. 

    Since August 2021, the Taliban had institutionalised gender-based crimes and systematically oppressed women, girls, and lesbian, gay, bisexual, transgender and intersex persons in Afghanistan.  Lesbian, gay, bisexual, transgender and intersex women and transgender men had been subject to forced marriage to men and faced compounded barriers to fleeing gender violence because of mahram requirements.  The Taliban had subjected transgender women to torture, including sexual violence. 

    Women peacefully protesting these injustices had been beaten, detained and tortured, and had undergone surveillance.  The Taliban’s 2021 decree requiring permits for protests, which was used to silence women-led demonstrations, was a direct assault on freedom of assembly.  Taliban members publicly flogged women for purported “adultery” or for “running away from home.” 

    Women and girls were facing gender apartheid in Afghanistan.  United Nations Member States, regional bodies, and international institutions had a collective responsibility to ensure that the Taliban were held accountable for ongoing violations, especially those targeting the rights and freedoms of women and girls.  The Committee should call on Member States to support the International Criminal Court’s efforts to hold the Taliban accountable, and States’ efforts to bring Afghanistan before the International Court of Justice for rights violations, including under the Convention.  States should provide support to the ongoing investigation by the International Criminal Court, the establishment of an independent accountability mechanism, and the codification of gender apartheid as a crime under international law. 

    The Committee was urged to call on the de facto authorities to immediately repeal all decrees restricting freedom of expression, appearance, education and employment, including the mandatory hijab and mahram requirements; end women’s banishment from public spaces; end arbitrary imprisonment and torture, including sexual violence, against women human rights defenders; and demand the release of all women imprisoned for protest, speech or identity.  The de facto authorities in Afghanistan must dismantle systemic gender-based oppression by repealing all discriminatory edicts and fully implementing recommendations from United Nations human rights mechanisms. 

    Statements by Non-Governmental Organizations on Chad

    In the discussion on Chad, speakers among other things, commended the Government of Chad for the progress made in eliminating discrimination against women despite a very difficult environment.  The effective implementation of the Convention continued to be hampered by the consequences of decades of conflict, the persistence of armed violence in the east and south-east of the country, the massive movements of internally displaced persons and refugees, and the continuing humanitarian crisis.

    Following the recommendations made by the Committee to the Chadian State in 2011, several advances had been made through the adoption of laws, strategies and programmes aimed at protecting and promoting women’s rights, including the national gender policy of December 2011, law no. 003/PR/2025 on the prevention and punishment of violence against women and girls, and the adoption of a national action plan for the implementation of Security Council resolution 1325  (2000) by Chad.

    However, the percentage of women participating in public life, politics and the peace process remained low.  The Government of Chad was urged to review relevant legislation to ensure the full and effective participation of women in political and public life; secure the greater inclusion of women in the processes of consultation, national dialogue and reconciliation; and eliminate gender stereotypes and biases.

    Chadian women faced various obstacles such as gender stereotypes, discriminatory cultural norms, harmful religious doctrines, and lack of economic autonomy.  The perception of women’s economic activity by men as a potential source of dowry for a future co-wife was very common.  It was recommended that the Government strengthen the legal and institutional framework for the protection of the rights of women and girls by ratifying the Maputo Protocol.  The Government should also adopt a specific law against female genital mutilation, with effective implementation and monitoring mechanisms.

    According to the 2023 activity report of the Ministry of Women and Early Childhood, there were 241 cases of female genital mutilation, 500 cases of rape, 537 cases of sexual assault, 469 cases of sexual exploitation and 780 cases of early and forced marriage.  Female genital mutilation was still widely practised despite recommendations.  It was important for the Chadian Government to accelerate the adoption, promulgation and popularisation of the Code of the Family and its implementing decree.

    Statement by a Non-Governmental Organization on Botswana

    The speaker on Botswana said Botswana’s history as a peaceful democratic republic post-independence continued to shield its regressions in the respect and fulfilment of human rights.  Unequal distribution of income, electricity cuts, water shortages, and prohibitive connection of utilities for freehold land tenures continued to aggravate poverty. All the while, Botswana was characterised by femicide, technology assisted gender-based violence through social media, the criminalisation of sex workers, narrow legal provisions for abortion, unavailability of safe sex commodities in prisons, corruption, marital rape, and the lack of justiciability of socioeconomic rights despite ratifying the Maputo Protocol.

    Survivors of gender-based violence continued to be ignored and erased whilst also enduring police harassment and brutality at roadblocks despite some protections in law for gender diverse people.  Despite employment laws protecting termination from specific grounds of discrimination, no law protected the worker during probationary periods. Social protection gaps remained for women who were not poor enough for State provisions but were too poor to sustain any dignified life.  There needed to be better conditions, including ensuring that the Committee’s recommendations were accelerated, socialised with grassroots communities, and entrenched within the national gender machinery.

    Questions by Committee Experts

    A Committee Expert asked representatives from Afghanistan for critical analysis regarding the positive decrees, including the ban on forced marriages.  What kind of threats did women in exile face? 

    What obstacles were there to fighting female genital mutilation and child marriage in Chad? How were women’s inheritance rights impacted in Chad? 

    Another Expert asked about the status of the draft Code of the Family in Chad?  How was the plurality of laws playing out with a new Government?  What was the evaluation of the women, peace and security plan? 

    Regarding Botswana, what did the criminalisation of prostitution look like on the ground? Was there any information regarding the trafficking of women and girls?

    A Committee Expert asked if women in Afghanistan could own any property?  With the new law on guardians, how were women engaging with economic institutions? What was the level of participation of women in exports and trade? 

    For Chad, how was gender captured in the macro-economic policies of the country? Were there gender-formative actions, including for procurement and taxation?

    What was the status of the national human rights institution in Botswana?  Had the institution been able to register and become fully compliant with the Paris Principles?  What services did women receive from this institution? 

    Another Expert asked if women in Botswana could transfer cases from the customary court to the magistrate’s court, as per the amended act?

    Responses from Non-Governmental Organizations from Afghanistan

    Speakers from Afghanistan said for women human rights defenders in exile, the Taliban used their families and friends in the country as a weapon against them.  Those who lobbied for the Taliban in Europe also participated in acts of sexual violence and harassment.  The ban of forced marriages was an announcement and not true; the Taliban themselves forced girls into early marriage. 

    Women who had participated in the business sector were facing high taxation costs, and had a limited ability to attend trade events within and outside the country.  In Afghanistan, the sector was predominately operated by male business owners, meaning there was a lack of opportunities for women business owners.  Many women with disabilities now lacked access to the market and livelihood support. 

    Responses from Non-Governmental Organizations from Chad

    Speakers from Chad said women and girls continued to be victims of discrimination inside the family. The Persons and Families Code still had not been adopted.  It had been returned to the administration by the parliament for a rereading.  There were factors, including religious beliefs, which were oppressive; these remained obstacles to adopting this legislation. 

    Family matters were governed by a mix of local customs and civil codes inherited from the colonial period, exposing women and children to discriminatory practices.  Women were generally excluded from decision-making when it came to the peace process and typically participated only as figureheads. Just one woman had participated in peace negotiations.  If women participated in the economy, their savings were used as a dowry and men used this to acquire another woman.   

    There were legal texts in Chad but it was their application which was the issue. Impunity was an everyday issue, including for cases of gender-based violence.  The reform of the Family Code was still a big challenge.  The issue of gender was not understood as a concept in Chad and a lack of political commitment meant gender was not addressed in Chadian society.  There were obstacles and challenges when it came to female genital mutilation and child marriage.  While texts and laws set out punishments, in many communities these practices continued. Customary law trumped Government law. 

    Responses from a Non-Governmental Organization from Botswana

    The speaker from Botswana said petty crimes and other laws were used to detain sex workers. There had been documented evidence of sex workers experiencing sex harassment.  Discrimination against transgender and gender diverse sex workers was compounded.

    Botswana was a transit country, and it was easy to be mobile across border countries, where there was a limited tracking of movement.  The Office of the Ombudsman had been expanded to include a human rights mandate, but it was believed it was not fully compliant with the Paris Principles. Women human rights defenders were not explicitly covered, especially in terms of reports covered by the Ombudsman. Community knowledge remained low regarding certain legislation, and systemic data remained unavailable.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CEDAW.25.016E

    MIL OSI United Nations News

  • MIL-OSI Europe: Answer to a written question – Shortages of health workers in France and the EU – E-001540/2025(ASW)

    Source: European Parliament

    The Commission is currently implementing an Action Plan on labour and skills shortages of 20 March 2024[1]. The action plan sets out 87 actions or commitments that the EU, Member States and social partners will or should take to tackle these shortages.

    It contains a call to Member States to develop policies to attract and retain nurses through improving working conditions and mentoring young professionals, with the support of the EU4Health Programme .

    The collection of data for a survey on the health professionals’ mental health was carried out by the World Health Organisation (WHO) with EU4Health funding, and its results are planned to be published in October 2025. The WHO will then develop a set of proposed policy actions to protect the mental health of the health workforce, planned for publication before the end of 2025[2].

    The Commission’s Expert Group on Health Systems Performance Assessment[3] is mapping various approaches to ensuring safe staffing levels in healthcare.

    The Commission also helps Member States, including France, in seizing opportunities from the digitalisation of health systems. Among others, the European Health Data Space initiative[4] aims to establish a common framework for the use and exchange of electronic health data.

    T hrough the European Semester, t he Commission provides country-specific policy advice to support health system reforms , including those related to the health workforce. Substantial EU funding[5] is available to support skills development programmes[6] and planning and forecasting tools[7].

    I n the context of the Union of Skills[8] and its Skills Portability Initiative, the Commission will explore common rules for recognising the qualifications of third-country nationals, and thus facilitate the integration of non-EU workers into the EU labour markets, including in the healthcare sector.

    The forthcoming Quality Jobs Roadmap will support progress on the various dimensions of job quality in the evolving world of work.

    • [1]  Commission Communication on Labour and skills shortages in the EU: an action plan, COM(2024) 131 final (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52024DC0131).
    • [2]  https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/promoting-our-european-way-life/european-health-union/comprehensive-approach-mental-health_en.
    • [3]  https://health.ec.europa.eu/health-systems-performance-assessment_en.
    • [4]  https://health.ec.europa.eu/ehealth-digital-health-and-care/european-health-data-space-regulation-ehds_en.
    • [5]  https://health.ec.europa.eu/publications/2024-eu4health-work-programme_en.
    • [6]  Erasmus+ programme funded actions: AMR EDUCare https://www.amreducare.eu/, ‘BeWell’ https://bewell-project.eu/, DDS-MAP https://ddsmap.easpd.eu/, DigiCanTrain https://digicantrain.turkuamk.fi/contact-us/, e-Hospital4Future https://eh4future.eu/, EHMA https://hpass.healthworkforce.eu/EU4Health training https://health.ec.europa.eu/publications/2022-eu4health-work-programme_en; GESEA Educational Programme https://gesea.eu/ and TRANSiTION https://ehma.org/projects/transition/.
    • [7]  EU4Health Programme funded Joint Action Heroes: https://www.agenas.gov.it/ricerca-e-sviluppo/ricerca-internazionale/personale-sanitario-ri/heroes-health-workforce-to-meet-health-challenges.
    • [8]  https://op.europa.eu/en/publication-detail/-/publication/5c5c5399-fa8a-11ef-b7db-01aa75ed71a1.

    MIL OSI Europe News

  • MIL-OSI USA: Murphy Delivers Speech on Dangers of Unregulated AI During CODEL to Europe

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    June 20, 2025

    PARIS—U.S. Senator Chris Murphy (D-Conn.) delivered a major speech on the threats posed to the U.S. economy and spiritual health of Americans by unregulated artificial intelligence technology at the Paris Institute of Political Studies during a congressional delegation to Paris, France and Bucharest, Romania.

    Murphy acknowledged the potential benefits of this transformational technology: “It will likely turn out to be one of the most socially and economically disruptive technologies ever. It’s probably going to be bigger than the printing press or advanced medicine or the internet. And there’s also no doubt that it has enormous practical upsides. Medical advances will come more quickly. Production will be cheaper. Administration will become more efficient. Complex societal problems will be solved more easily.”

    But Murphy warned the Trump administration is downplaying the potential risks of unregulated AI technology, evidenced by a speech given earlier this year by Vice President J.D. Vance: “The current U.S. administration is right now fully captured by the AI industry, and they are focused only on driving up the industry’s profits at the expense of the American worker and the American family. The vice president said at that summit that the White House refuses to view AI as a purely disruptive technology that will inevitably automate away our labor force. But this is exactly what unregulated, unchecked AI will do. The vice president claimed that the White House wanted the AI driven internet to be a safe place, but refused to endorse a single rule or a single idea that would keep it safe, apparently believing the industry whitewash that they will just self-regulate and prioritize family and citizen safety above profits, something the tech industry has never done.”

    He argued the industry leaders lobbying against AI regulation are prioritizing profit over the common good: “The leaders of these companies, brimming with dangerous hubris, rapacious in their desire to build wealth and power, and far too comfortable in shrugging off the destructive power of their product… They’re in a race to deploy and commercialize and profit, and they are paying mere lip service to the ways in which AI and AGI could destroy the already fraying fabric of our country…If we don’t decide collectively as a transatlantic community to protect ourselves from the most transformational technology of our lifetime. And as I said, perhaps in the history of the world, we won’t have democracies to be able to protect the values that we care so deeply about. We won’t be able to debate domestic and foreign policy.”

    He pushed back on those who argue regulating AI in the U.S. will give China a strategic advantage in developing the technology: “Frankly, China is likely rooting for us to use American and European citizens as guinea pigs for the AI revolution because they aren’t doing that. China’s attempts at regulation have been lighter than the EU, but it’s just not true that China believes that the way to beat the United States towards AI prominence is by not regulating the industry. China would love for the United States economy to collapse, because we are less thoughtful than Beijing in controlling the job loss they would love for unchecked fake video and audio to turn our culture into chaos. They would love for our young people to become even further lost and isolated as robot friends replace real friends and real interaction. Regulating AI isn’t a gift to China – it’s a way to make sure that we manage the growth of AI in a way that makes sure that we beat the Chinese in this race.”

    ##

    MIL OSI USA News

  • MIL-OSI Europe: Initiative Marianne

    Source: France-Diplomatie – Ministry of Foreign Affairs and International Development

    Presentation

    In 2021, French President Emmanuel Macron announced the launch of the Marianne Initiative for human rights defenders, aimed at better supporting them in their fight, both abroad and in France.

    The Marianne Association for Human Rights Defenders was created to federate the actors involved in our country (State, organisations and associations for the promotion of human rights and reception, local authorities, qualified personalities, etc.) and to carry the initiative’s support pillar in France, for the benefit of about fifteen laureates per year (reception, personalised support, networking, etc.).

    “France is and will remain a land of welcome for human rights defenders

    Après la réception d’une première promotion exclusivement féminine en 2022, trois nouvelles promotions mixtes se sont suite ensuite succédées, en 2023, 2024 et plus récemment 2025.

    Some fifteen men and women from every continent have been welcomed to France for six months as part of the Initiative. The winners benefit from a training program designed to strengthen their skills and commitment in their home country or in France, whether in favor of civil and political rights, women’s rights, minority rights or environmental rights.

    A look back at past years

    “The protection of human rights is more than ever a topical battle, in a context where repression is multiplying in every corner of the world”.

    Emmanuel Macron – President of the Republic, at the launch of the second promotion

    “Fundamental human rights are under increasing threat around the world. On this international day, I wanted to launch the Marianne Initiative for Human Rights Defenders. To take these rights everywhere. To protect and support its defenders.”

    Emmanuel Macron – President of the Republic, on Human Rights Day 2021

    Read more

    MIL OSI Europe News

  • MIL-OSI Analysis: The spectacular frenzy of 28 Years Later offers a new breed of pandemic storytelling

    Source: The Conversation – UK – By Lucyl Harrison, PhD Candidate, School of Humanities, University of Hull

    Twenty-three years on from director Danny Boyle’s unforgettable film 28 Days Later, and five years on from COVID, horror is having a spectacular renaissance. With 28 Years Later, the franchise has returned to cinema as a mouthpiece for the unique pressures Britain is facing post-pandemic and post-Brexit.

    In 2020, speculative architect and director Liam Young said: “I’m sure the scripts for a new genre of virus fictions or ‘Vi-Fi’ are already in the works and perhaps that is the real opportunity of this present moment, to imagine the potential fictions and futures, and to prototype the new worlds that we all want to be a part of when the viral cloud lifts.” Well, here that vision is.

    In this film, Europe has contained the “rage virus” to Britain. There are French boats on quarantine patrols, Swedish soldiers mocking remaining mainlanders and St George’s flags burning.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    28 Years Later is set on Holy Island, off the coast of the UK. There, an isolated community is protected by tides which conceal and reveal a causeway through which islanders can leave to get to the mainland to forage.

    One of the film’s most adrenaline-spiking scenes comes in the form of a terrifying chase back to the island. A young boy named Spike (Alfie Williams) is hurrying back after performing his rite of passage ceremony in which he is instructed to kill infected people on the mainland. It’s sound-tracked to the transcendental tones of Wagner’s Das Rheingold prelude.

    Twenty-eight years on from the events of the first film, the infected have evolved. Boyle has re-imagined them in even more monstrous forms. Gore-lovers will enjoy the menacing new brand of infected – seven-foot “alphas” – who rip heads from the living and dangle their severed spines.

    An ode to COVID

    Talking about how the pandemic inspired 28 Years Later, Boyle told Sky News:

    Suddenly everybody’s capital city, everywhere around the world was the same. And what was incredible about it was obviously just this idea which had previously only really belonged to films, like our film, where culture is suddenly just stopped dead.

    Danny Boyle speaks about 28 Years Later.

    The film’s stars, Jodie Comer and Aaron Taylor Johnson, meanwhile have both said that they drew from their real-life experiences of pandemic isolation for their roles as Spike’s Geordie parents. As Taylor explained:

    My son was 13, the same age as Alfie was when we were making this movie. I know what it was like to protect your family but also to not understand what was happening around us. And I thought it was interesting whilst reading this that an audience is going to understand that journey […] I drew upon a lot of those scenarios.

    The film ushers in a new age of “Vi-Fi” without succumbing to pulpy pandemic storytelling. Boyle gives us an antidote to cultural amnesia around the pandemic through Dr Kelson, the mad doctor played by Ralph Fiennes.

    Dr Kelson pushes against cultural erasure through his construction of a temple of bones: totems of tibias and a spire of skulls that honour the virus victims.

    The trailer for 28 Years Later.

    He touchingly explains that we are to remember death and remember love: “Every skull is a set of thoughts, these sockets saw, and these jaws swallowed.” Fiennes is adept at rendering this “crazy” loner character who has a knack for turning up at the right time; the effortlessness of his humanity is a pleasure to watch.

    Boyle explained: “The COVID memorial wall opposite parliament is one of the most beautiful things I’ve ever seen … it sort of inspired Ralph Fiennes’ character and what he’s building as a gesture towards remembering everyone as a way of actually looking forwards, not a way of looking back.”

    After the creative inertia brought on by the COVID lockdowns, I’ve detected tectonic shifts in pandemic storytelling in my interviews with COVID authors.

    Stories like 28 Years Later that “quietly” insert the pandemic and push COVID into the background are considered the easiest to digest. These stories are part of a new, radical literary avant-garde that has emerged in contemporary literature to chronicle the COVID era.

    Pandemic fiction has become an oft-maligned genre; conversations on my podcast, Pandemic Pages, with emergency planner Professor Lucy Easthope and horror author Kylie Lee Baker confirm that literary festivals and agents have expressed reluctance to read or publish COVID fiction. Professor Easthope explained that many people just don’t feel ready to read about the pandemic.

    For Baker, it’s that many people simply find the associations too traumatic. However, judging from the reactions of cinema-goers when I saw 28 Years Later, there is an audience hungry for another serving of Boyle’s insatiable trilogy.

    Lucyl Harrison 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 spectacular frenzy of 28 Years Later offers a new breed of pandemic storytelling – https://theconversation.com/the-spectacular-frenzy-of-28-years-later-offers-a-new-breed-of-pandemic-storytelling-259579

    MIL OSI Analysis

  • MIL-OSI Analysis: The spectacular frenzy of 28 Years Later offers a new breed of pandemic storytelling

    Source: The Conversation – UK – By Lucyl Harrison, PhD Candidate, School of Humanities, University of Hull

    Twenty-three years on from director Danny Boyle’s unforgettable film 28 Days Later, and five years on from COVID, horror is having a spectacular renaissance. With 28 Years Later, the franchise has returned to cinema as a mouthpiece for the unique pressures Britain is facing post-pandemic and post-Brexit.

    In 2020, speculative architect and director Liam Young said: “I’m sure the scripts for a new genre of virus fictions or ‘Vi-Fi’ are already in the works and perhaps that is the real opportunity of this present moment, to imagine the potential fictions and futures, and to prototype the new worlds that we all want to be a part of when the viral cloud lifts.” Well, here that vision is.

    In this film, Europe has contained the “rage virus” to Britain. There are French boats on quarantine patrols, Swedish soldiers mocking remaining mainlanders and St George’s flags burning.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    28 Years Later is set on Holy Island, off the coast of the UK. There, an isolated community is protected by tides which conceal and reveal a causeway through which islanders can leave to get to the mainland to forage.

    One of the film’s most adrenaline-spiking scenes comes in the form of a terrifying chase back to the island. A young boy named Spike (Alfie Williams) is hurrying back after performing his rite of passage ceremony in which he is instructed to kill infected people on the mainland. It’s sound-tracked to the transcendental tones of Wagner’s Das Rheingold prelude.

    Twenty-eight years on from the events of the first film, the infected have evolved. Boyle has re-imagined them in even more monstrous forms. Gore-lovers will enjoy the menacing new brand of infected – seven-foot “alphas” – who rip heads from the living and dangle their severed spines.

    An ode to COVID

    Talking about how the pandemic inspired 28 Years Later, Boyle told Sky News:

    Suddenly everybody’s capital city, everywhere around the world was the same. And what was incredible about it was obviously just this idea which had previously only really belonged to films, like our film, where culture is suddenly just stopped dead.

    Danny Boyle speaks about 28 Years Later.

    The film’s stars, Jodie Comer and Aaron Taylor Johnson, meanwhile have both said that they drew from their real-life experiences of pandemic isolation for their roles as Spike’s Geordie parents. As Taylor explained:

    My son was 13, the same age as Alfie was when we were making this movie. I know what it was like to protect your family but also to not understand what was happening around us. And I thought it was interesting whilst reading this that an audience is going to understand that journey […] I drew upon a lot of those scenarios.

    The film ushers in a new age of “Vi-Fi” without succumbing to pulpy pandemic storytelling. Boyle gives us an antidote to cultural amnesia around the pandemic through Dr Kelson, the mad doctor played by Ralph Fiennes.

    Dr Kelson pushes against cultural erasure through his construction of a temple of bones: totems of tibias and a spire of skulls that honour the virus victims.

    The trailer for 28 Years Later.

    He touchingly explains that we are to remember death and remember love: “Every skull is a set of thoughts, these sockets saw, and these jaws swallowed.” Fiennes is adept at rendering this “crazy” loner character who has a knack for turning up at the right time; the effortlessness of his humanity is a pleasure to watch.

    Boyle explained: “The COVID memorial wall opposite parliament is one of the most beautiful things I’ve ever seen … it sort of inspired Ralph Fiennes’ character and what he’s building as a gesture towards remembering everyone as a way of actually looking forwards, not a way of looking back.”

    After the creative inertia brought on by the COVID lockdowns, I’ve detected tectonic shifts in pandemic storytelling in my interviews with COVID authors.

    Stories like 28 Years Later that “quietly” insert the pandemic and push COVID into the background are considered the easiest to digest. These stories are part of a new, radical literary avant-garde that has emerged in contemporary literature to chronicle the COVID era.

    Pandemic fiction has become an oft-maligned genre; conversations on my podcast, Pandemic Pages, with emergency planner Professor Lucy Easthope and horror author Kylie Lee Baker confirm that literary festivals and agents have expressed reluctance to read or publish COVID fiction. Professor Easthope explained that many people just don’t feel ready to read about the pandemic.

    For Baker, it’s that many people simply find the associations too traumatic. However, judging from the reactions of cinema-goers when I saw 28 Years Later, there is an audience hungry for another serving of Boyle’s insatiable trilogy.

    Lucyl Harrison 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 spectacular frenzy of 28 Years Later offers a new breed of pandemic storytelling – https://theconversation.com/the-spectacular-frenzy-of-28-years-later-offers-a-new-breed-of-pandemic-storytelling-259579

    MIL OSI Analysis

  • MIL-OSI Europe: Frontex supports European countries with EES pre-registration

    Source: Frontex

    Frontex has developed a mobile application to support European countries with the implementation of the new Entry/Exit System (EES) and to facilitate border checks for travellers.

    The Travel to Europe mobile app allows non-EU travellers comfortably to pre-register travel document data and facial image for the EES before arriving at a border crossing point. It also allows travellers to provide their replies to the conditions of entry questionnaire. In simple terms most of the information that border guards would have to insert to EES about a third country national at the border crossing point could be sent with the app in advance, allowing faster entry or exit.

    The app will go live in selected travel hubs and remains voluntary for Member States and travellers. The first confirmed go-live will take place in Arlanda Airport Sweden this year, in parallel Frontex is planning jointly with Dutch, French and Italian authorities’ pilots in selected major entry points in 2026. In addition, Portugal and Greece have expressed interest for the implementation of app.

    “The app is ready to be used with the start of the EES in the coming autumn. Frontex has done its part, developed a scalable and secure app. Now it is up to every Member State to integrate the app with its national systems. Although its voluntary, we encourage EU countries to make maximum use of it.  It’s not for every border crossing point, but we see a clear added value in big travel hubs, where the time savings brought about by the app would make a real difference,” said Frontex Deputy Executive Director Uku Särekanno in his keynote at Identity Week Europe 2025 held in Amsterdam on 17-18 June.

    The purpose of voluntary EES pre-registration is to reduce processing times at the border, benefitting both national authorities and travellers. The app does not replace border checks but aims at making them smoother and faster.

    More information about the Travel to Europe mobile app.

    More information about the EES.

    MIL OSI Europe News

  • MIL-OSI: Credit Agricole Sa: Indosuez Wealth Management plans to acquire the “Wealth Management” clients of the BNP Paribas Group in Monaco

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Monaco / Paris, 23 June 2025

    Indosuez Wealth Management plans to acquire
    the Wealth Management” clients of the BNP Paribas Group in Monaco

    Indosuez Wealth Management, the wealth management subsidiary of the Crédit Agricole Group, announces that its entity in Monaco, CFM Indosuez, has signed an agreement to acquire the Wealth Management clients of the BNP Paribas Group subsidiary in Monaco.

    This acquisition would enable Indosuez Wealth Management to assert its leading position on the Monegasque market in which it has been present since 1922.

    The BNP Paribas Group’s Wealth Management clients in Monaco will benefit from continuity in the support they receive. They will benefit from the local presence of experts with recognised know-how. They will have access to one of the most comprehensive services on the market, resulting in particular from the universal nature of CFM Indosuez’s offer in the Principality and its position as a leading bank. They will also be able to continue to benefit from an international network, multiple financing capabilities, expertise in corporate finance, fund servicing and management, as well as the solidity of Crédit Agricole, the 9th largest bank in the world.
    This transaction is complemented by a strategic business partnership with the BNP Paribas Group to provide long-term support to its clients with Wealth Management needs in Monaco.

    For Jacques Prost, Chief Executive Officer of Indosuez Wealth Management: “This acquisition would strengthen our position in Monaco with ultra-high net worth clients (UHNW). Indosuez is pursuing its growth strategy in a sector undergoing consolidation and is a major player in wealth management in Europe.”

    Mathieu Ferragut, CEO of CFM Indosuez Wealth Management and Deputy CEO of Indosuez Wealth Management, adds: “We are delighted to welcome the Wealth Management clients of BNP Paribas Group’s Monaco subsidiary. This strengthens our position as Monaco’s leading bank and number one employer. We will work together to make this acquisition a success for both clients and employees.”

    Françoise Puzenat, Head of Monaco at BNP Paribas says: “We are delighted with the agreement reached with CFM Indosuez, a recognised player in the market and with all the assets needed to ensure the best possible continuity of service for our clients and the employees who join them. The sale of the Wealth Management business in Monaco is part of our strategic decision to refocus our local activities on a single platform. BNP Paribas will continue to develop its domestic commercial banking business line in Monaco, which includes corporate banking, private banking and retail banking.”

    The finalisation of the transaction remains subject to the prior approval of the relevant supervisory authorities, and is expected to be completed during the first half of 2026.

    The impact on Crédit Agricole S.A.’s CET1 ratio would be limited.

    ****

    Indosuez Wealth Management contacts

    Indosuez Group: Jenny Sensiau I jenny.sensiau@ca-indosuez.com I +33 7 86 22 15 24

    CFM Indosuez: Magali Jacquet-Lagrèze I mjacquet@cfm-indosuez.mc I +33 6 78 63 38 17

    *****

    About Indosuez Wealth Management

    Indosuez Wealth Management is the global wealth management brand of the Crédit Agricole Group, the world’s 9th largest bank by balance sheet (The Banker 2024).
    For over 150 years, Indosuez Wealth Management has been helping major private clients, families, entrepreneurs and professional investors to manage their private and professional assets. The bank offers a customised approach enabling each of its clients to preserve and develop their wealth in line with their aspirations. Its teams offer a continuum of services and offers that include advisory, financing, investment solutions, fund servicing, and technology and banking solutions.
    Indosuez Wealth Management employs more than 4,500 people in 16 territories around the world: in Europe (Belgium, France, Germany, Italy, Luxembourg, Netherlands, Portugal, Monaco, Spain and Switzerland), Asia-Pacific (Hong Kong SAR, New Caledonia and Singapore), the Middle East (Dubai, Abu Dhabi) and Canada (representative office).
    With €215 billion in client assets at the end of December 2024, Indosuez Wealth Management is one of Europe’s leading wealth management companies.
    Find out more at ca-indosuez.com 

    About CFM Indosuez Wealth Management

    The Indosuez Wealth Management network is embodied in Monaco through CFM Indosuez Wealth Management, the leading bank in the Principality. Its roots go back to 1922, the year it was founded by a number of prominent Monegasque families, some of whom are still shareholders, alongside the majority shareholder (70%), the Crédit Agricole Group.
    With the largest trading room in Monaco and 5 branches in the region, its teams, comprised of nearly 400 highly specialised employees, combine their knowledge of the Principality’s international environment with the vast expertise and opportunities of the international network of Indosuez Wealth Management and the Crédit Agricole Group.
    In addition to Wealth Management, its leading activity, CFM Indosuez Wealth Management serves all clients, whether private, institutional, corporate or professional.
    CFM Indosuez is also the leading bank in Corporate Finance in Monaco.
    In 2024, CFM Indosuez was named best bank in the Principality by international magazine Global Finance for the eighth consecutive year.
    Find us at cfm-indosuez.mc   

    About BNP Paribas in Monaco

    BNP Paribas Wealth Management is a leading global private bank and the largest private bank in the Eurozone with €469 billion in assets under management as of March 2025. Present in 3 regions (Europe, Asia and the Middle East), it employs more than 6,700 professionals who support individuals, entrepreneurs and large families in protecting, growing and passing on their assets. The bank aims to build a sustainable future by combining its expertise and reach with its clients’ influence and desire to make an impact.
    Find us on https://wealthmanagement.bnpparibas/fr.htm

    Attachment

    The MIL Network

  • MIL-OSI: The Government of Barbados Announces the Final Results of its Offer to Purchase for Cash its 6.500% Notes due 2029

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

    BRIDGETOWN, Barbados, June 23, 2025 (GLOBE NEWSWIRE) — The Government of Barbados (the “Offeror”) announces today the final results of its offer (the “Offer”) to holders (the “Noteholders”) of any and all of its outstanding 6.500% Notes due 2029 (the “Notes”) to purchase any and all of such Notes for cash on the terms and subject to the satisfaction of the New Financing Condition (as defined below) and the other conditions set forth in the tender offer memorandum dated 13 June 2025 (the “Tender Offer Memorandum”).

    The Offer was made upon the terms and subject to the conditions set forth in the Tender Offer Memorandum. Capitalised terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum.

    Final Results

    The table below sets forth information with respect to the Notes that were validly tendered at or prior to 5:00 p.m., New York City time on 20 June 2025 (the “Expiration Deadline”), acceptance of which by the Offeror remains subject to the satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date and the other terms and conditions described in the Tender Offer Memorandum. The Offer expired at the Expiration Deadline, and no further Notes may be tendered for purchase pursuant to the Offer.

    Description of the Notes   Outstanding Principal Amount of the Notes shown in the records of The Depository Trust Company and subject to the Offer   ISINs/CUSIP No.   Aggregate Principal Amount of Notes shown in the records of The Depository Trust Company that were Validly Tendered   Purchase Price(3)
                     
    6.500% Notes due 2029   U.S.$452,936,300(1)   Rule 144A Notes: US067070AH54 / 067070 AH5

    Regulation S Notes: USP48864AQ80 / P48864 AQ8

      U.S.$378,263,800(2)   U.S.$1,000
    (1) A 10% amortization payment was made on the Notes on 1 April 2025, meaning that the aggregate outstanding principal amount of the Notes following such amortization payment is U.S.$407,642,670.
       
    (2) The aggregate principal amount of the Notes validly tendered at their amortized value is U.S.$340,437,420.
       
    (3) Offered as Purchase Price per each U.S.$1,000 principal amount of Notes validly tendered at or prior to the Expiration Deadline (as defined below) and accepted for purchase. Equates to U.S.$900 at the amortised value of the Notes. The Purchase Price does not include Accrued Interest (as defined below). On 26 June 2025 (subject to the right of the Offeror, at its sole discretion, to extend, re-open, amend and/or terminate the Offer) (the “Settlement Date”), Noteholders will also receive Accrued Interest on all Notes validly tendered and accepted for purchase.


    Tender Offer Consideration

    The Offeror will, on the Settlement Date (subject to the satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date and the other terms and conditions described in the Tender Offer Memorandum), pay for the Notes validly tendered and not validly withdrawn at or before the Expiration Deadline pursuant to the Offer and accepted by it for purchase pursuant to the Offer a cash amount (rounded to the nearest U.S.$0.01) equal to the sum of (i) the Purchase Price for such Notes, as set forth in the table above; and (ii) interest accrued and unpaid on the Notes from (and including) the interest payment date for such Notes immediately preceding the Settlement Date to (but excluding) the Settlement Date in respect of such Notes (the “Accrued Interest” and the payment thereof, the “Accrued Interest Payment”) (the “Tender Offer Consideration”).

    Payment of Tender Offer Consideration

    Payment of the Tender Offer Consideration for the Notes accepted for purchase pursuant to the Offer is expected to be made on the Settlement Date, as described in the Tender Offer Memorandum (subject to satisfaction or waiver of the New Financing Condition on or prior to the Settlement Date and the other terms and conditions described in the Tender Offer Memorandum and subject to change without notice).

    Conditions to the Offer

    The Offeror is not under any obligation to accept any tender of Notes for purchase pursuant to the Offer. Tenders of Notes for purchase may be rejected in the sole discretion of the Offeror for any reason and the Offeror is not under any obligation to Noteholders to furnish any reason or justification for refusing to accept a tender of Notes for purchase. For example, tenders of Notes for purchase may be rejected if the Offer is terminated, if the New Financing Condition is not satisfied or if the Offer does not comply with the relevant requirements of a particular jurisdiction or for any other reason. Subject to the New Financing Condition being satisfied or waived, no assurance can be given that any Offer will be completed. In addition, the Offeror may, in its sole and absolute discretion, waive any of the conditions to the Offer after this announcement.

    New Financing Condition

    Whether the Offeror will accept for purchase any Notes validly tendered in the Offer is subject to (unless such condition is waived by the Offeror in its sole and absolute discretion), among other things, the prior closing of the issuance by the Offeror of one or more series of debt securities (the “New Notes”) in the international capital markets (the “New Notes Offering”) in an aggregate principal amount, and at a price and on terms and conditions acceptable to the Offeror in its sole and absolute discretion, a portion of the net proceeds of which will be used by the Offeror to purchase any Notes tendered and accepted pursuant to the Offer (the “New Financing Condition”).

    The New Notes Offering is being made solely by means of an offering memorandum relating to the New Notes Offering (the “New Notes Offering Memorandum”), and this announcement and the Tender Offer Memorandum do not constitute an offer to sell or the solicitation of an offer to buy the New Notes. You may not participate in the New Notes Offering unless you have received and reviewed the New Notes Offering Memorandum, and not in reliance on, or on the basis of, this announcement or the Tender Offer Memorandum. The New Notes will be offered only to qualified institutional buyers in the United States in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act, and will not be registered under the Securities Act or the securities laws of any other jurisdiction.

    Even if the New Financing Condition is satisfied, the Offeror is not under any obligation to accept for purchase any Notes tendered pursuant to the Offer.

    Each of the foregoing conditions is for the sole benefit of the Offeror and may only be waived by the Offeror, in whole or in part, at any time and from time to time, in its discretion. Any determination by the Offeror concerning the conditions set forth above (including whether or not any such condition has been satisfied or waived) will be final and binding upon the Noteholders, the Information and Tender Agent and all other persons.

    Notes that are not tendered or accepted for purchase pursuant to the Offer will remain outstanding.

    Announcements

    The Offeror will announce, promptly after the New Financing Condition has been met or waived, (i) the aggregate principal amount of Notes validly tendered that will be accepted for purchase, and (ii) the aggregate principal amount of Notes remaining outstanding following the completion of the Offer.

    Unless stated otherwise, announcements in connection with the Offer will be by the issue of a press release through the Luxembourg Stock Exchange and by the delivery of notices to the relevant Clearing Systems for communication to Direct Participants. Such announcements may also be made by the issue of a press release to a Notifying News Service. Copies of all such announcements, press releases and notices and will be available on the Offer Website or alternatively they can also be obtained upon request from the Information and Tender Agent, the contact details for which are below. Significant delays may be experienced where notices are delivered to the Clearing Systems and Noteholders are urged to contact the Information and Tender Agent for the relevant announcements. In addition, Noteholders may contact the Dealer Managers for information using the contact details below.

    Disclaimer

    This announcement does not contain the full terms and conditions of the Offer. The terms and conditions of the Offer are contained in the Tender Offer Memorandum, and are subject to the Offer and distribution restrictions set out below and more fully described therein.

    Further information

    J.P. Morgan Securities LLC and Standard Chartered Bank have been appointed by the Offeror to serve as dealer managers (the “Dealer Managers”) for the Offer. D.F. King (the “Information and Tender Agent”) has been appointed by the Offeror to act as the information and tender agent in connection with the Offer.

    For additional information regarding the terms of the Offer, please contact J.P. Morgan Securities LLC by telephone at (866) 846-2874; Collect: (212) 834-7279 and Standard Chartered Bank by telephone at (212) 667-0351 (U.S.) or +44 20 7885 5739 (U.K.) and by email at liability_management@sc.com.

    Requests for documents and questions regarding the tender of Notes may be directed to the Information and Tender Agent D.F. King & Co., Inc. via:

    Banks & Brokers Call: (212) 269-5550

    Toll free: (866) 342-4881

    Email: barbados@dfking.com

    No Recommendation

    The relevant Purchase Price, if paid by the Offeror with respect to the Notes accepted for purchase, will not necessarily reflect the actual value of such Notes. Noteholders should independently analyse the value of the Notes and make an independent assessment of the terms of the Offer. None of the Offeror, the Dealer Managers or the Information and Tender Agent has or will express any opinion as to whether the terms of the Offer are fair. None of the Offeror, the Dealer Managers or the Information and Tender Agent makes any recommendation that Noteholders should submit an offer to sell or tender Notes or refrain from doing so pursuant to the Offer, and no one has been authorised by any of them to make any such recommendation.

    Offer and Distribution Restrictions

    Neither this announcement nor the Tender Offer Memorandum constitutes an offer to participate in the Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such offer or for there to be such participation under applicable securities laws. The distribution of the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession the Tender Offer Memorandum comes are required by the Offeror, the Dealer Managers and the Information and Tender Agent to inform themselves about, and to observe, any such restrictions

    Nothing in this announcement or the Tender Offer Memorandum or the electronic transmission thereof constitutes an offer to sell or the solicitation of an offer to buy the New Notes in the United States or any other jurisdiction.

    In addition, each Noteholder participating in an Offer will also be deemed to give certain representations in respect of the other jurisdictions referred to above and generally as set out in “Procedures for Participating in the Offer” of the Tender Offer Memorandum. Any tender of Notes for purchase pursuant to an Offer from a Noteholder that is unable to make these representations will not be accepted. Each of the Offeror, the Dealer Managers and the Information and Tender Agent reserves the right, in its absolute discretion, to investigate, in relation to any tender of Notes for purchase pursuant to an Offer, whether any such representation given by a Noteholder is correct and, if such investigation is undertaken and as a result the Offeror determines (for any reason) that such representation is not correct, such tender shall not be accepted. The acceptance of any tender shall not be deemed to be a representation or a warranty by any of the Offeror, the Dealer Manager or the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates that it has undertaken any such investigation and/or that any such representation to any person underwriting any such Notes is correct.

    United Kingdom

    The communication of this announcement, the Tender Offer Memorandum and any other documents or materials relating to the Offer are not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may be communicated to (1) those persons who are existing creditors of the Offeror within Article 43(2) of the FSMA (Financial Promotion) Order 2005, as amended, and (2) to any other persons to whom these documents and/or materials may lawfully be communicated.

    Belgium

    None of this announcement, the Tender Offer Memorandum or any other documents or materials relating to the Offer have been, or will be, submitted to or notified to, or approved by, the Belgian Financial Services and Markets Authority (Autorité des services et marchés financiers/Autoriteit voor Financiële Diensten en Markten) and, accordingly, the Offer may not be made in Belgium by way of a public offering, as defined in Article 3 of the Belgian Law of 1 April 2007 on takeover bids (loi relative aux offres publiques d’acquisition/wet op de openbare overnamebiedingen), as amended or replaced from time to time.

    Accordingly, the Offer may not be, and is not being advertised, and this announcement and the Tender Offer Memorandum, as well as any brochure, or any other material or document relating thereto (including any memorandum, information circular, brochure or any similar document) may not, have not and will not be distributed, directly or indirectly, to any person located and/or resident within Belgium, other than those who qualify as qualified investors (investisseurs qualifiés/qekwalificeerde beleggers), within the meaning of Article 2, e), of the Prospectus Regulation acting on their own account. Accordingly, the information contained in the Tender Offer Memorandum or in any brochure or any other document or material relating thereto may not be used for any other purpose, including for any offering in Belgium, except as may otherwise be permitted by law, and shall not be disclosed or distributed to any other person in Belgium.

    France

    This announcement, the Tender Offer Memorandum and any other documents or materials relating to the Offer are only addressed to and are only directed at qualified investors within the meaning of the Prospectus Regulation in France. Each person in France who receives any communication in respect of the Offer contemplated in this announcement, the Tender Offer Memorandum and any other documents or materials relating to the Offer will be deemed to have represented, warranted and agreed to and with the Dealer Managers and the Offeror that it is a qualified investor within the meaning of Article 2(e) of the Prospectus Regulation.

    European Economic Area

    In any European Economic Area (“EEA”) Member State, this announcement and the Tender Offer Memorandum are only addressed to, and are only directed at, “qualified investors” (as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the “Prospectus Regulation”)) in that Member State.

    Each person in a Member State of the EEA who receives any communication in respect of the Offer contemplated in this announcement and the Tender Offer Memorandum will be deemed to have represented, warranted and agreed to and with each Dealer Manager and the Offeror that it is a qualified investor within the meaning of the Prospectus Regulation.

    The MIL Network

  • MIL-OSI Africa: With farm co-ops, Senegal improves its agri-food value chains

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

    Download logo

    Agricultural cooperatives let farmers pool their resources so they can get better prices for their produce and access more markets, including international ones.

    In Senegal, nearly one-third of mango and onion producers belong to one of 29 new or modernized cooperatives established by the PACAO programme. These cooperatives have forged  new links among farmers, businesses that process foods, and exporters who can sell those goods abroad.

    Improving these value chains boosts food security, stimulate economic growth, and create sustainable jobs.

    ‘Before forming our cooperative, we each worked on our own, with no coordination,’ said Cheikh Mbacké Mboup. He’s an agricultural engineer by training with 42 years of experience in farming. ‘This prevented us from pooling our resources and negotiating better prices. We were scattered, and that limited our ability to produce and sell effectively.’ 

    He’s currently serving as the chairman of the Fruit, Vegetable, and Livestock Producers’ Cooperative, known by its French acronym  (COOPROFEL). Based about 70 kilometres from the capital Dakar, in Keur Mbir Ndao, the cooperative now has 635 members.

    Created in 2007, COOPROFEL overhauled its organizational structure and operations in 2021, with support from the International Trade Centre (ITC) though the Programme of Assitance for Competitiveness in West Africa – Senegal Component (PACAO-Senegal).

    It’s one of 29 cooperatives that worked with the programme, bringing together nearly 70,000 producer-members who work with mangoes and onions. These cooperatives alone account for 31% of national onion production and 29% of mango production.

    COOPROFEL, which operates in the mango and onion value chains, faced many challenges before teaming up with PACAO-Senegal.

    Better organization in value chains

    With the programme’s support, COOPROFEL members received training on good agricultural practices, marketing, leadership, communication, organizational management, and financial management. These trainings were complemented by the development of a financial and accounting procedures manual, allowing for better traceability of operations.

    Organization is essential to the competitiveness of value chains and improves producers’ access to markets and inputs. Marianne Diattara has been a producer for over 25 years, and is now deputy general treasurer of COOPROFEL.

    ‘Now, the market is much more accessible. Recently, we took part in major trade fairs organized in Dakar,’ she said.

    ‘Today, our mangoes are exported to countries like Belgium, Spain, France, the Netherlands, and Morocco. As for onions, the cooperative has helped us better organize our production and sell at higher prices. We now have more stable incomes,’ said Amadou Thiam, Vice President of COOPROFEL.

    A business partner of COOPROFEL, Mamadou Ndiaye, Sales Manager at TropicaSem, confirms this success. ‘We’ve been working with COOPROFEL since 2023. Last year, we sold them over 78 tons of seeds. The cooperative is one of our best clients.”

    The cooperatives can steer their produces through the value chain so the mangoes and onions can be turned into new products. Those processed goods fetch higher prices than the fresh fruit, creating jobs and growing incomes.

    Mangoes are sold fresh but also as purée, jam, smoothies, flour, vinegar, and more. Processed onion products are also found in supermarket shelves across Senegal and in weekly markets.

    These products go through several stages: the farmer who harvests them, the cooperative that aggregates and sells them, the factory that processes them, and the distributor who places them on shelves or exports them. By organizing agricultural cooperatives, PACAO-Senegal strengthens a vital link in this chain and facilitates market access for cooperative members.

    But the value chain is not just about products. It’s also about people, like Cheikh Mbacké Mboup, Marianne Diattara and Amadou Thiam. It’s about the farmers that PACAO-Sénégal has supported, whose incomes have risen thanks to better organization. It’s about their business partners – customers and suppliers – whose operations have expanded. And it’s about the consumer, who has access to quality local products. 

    By structuring value chains, PACAO-Sénégal creates a virtuous circle by promoting agricultural cooperative societies. 

    – on behalf of International Trade Centre.

    MIL OSI Africa

  • MIL-OSI Global: Where did the wonder go – and can AI help us find it?

    Source: The Conversation – UK – By Lucy Gill-Simmen, Vice Dean for Education & Student Experience, Royal Holloway University of London

    French philosopher René Descartes crowned human reason in 1637 as the foundation of existence: Cogito, ergo sumI think, therefore I am. For centuries, our capacity to doubt, question and think has been both our compass and our identity. But what does that mean in an age where machines can “think”, generate ideas, write novels, compose symphonies and, increasingly, make decisions?

    Artificial intelligence (AI) has brought a new kind of certainty, one that is quick, data-driven and at times frighteningly precise, at times alarmingly wrong. From Google’s Gemini to OpenAI’s ChatGPT, we live in a world where answers can arrive before the question is even finished. AI has the potential to change not just how we work, but how we think. As our digital tools become more capable, we may well be justified in asking: where did the wonder go?

    We have become increasingly accustomed to optimisation. From using apps to schedule our days to improving how companies hire staff through AI-powered recruitment tools, technology has delivered on its promise of speed and efficiency.


    This article is part of our State of the Arts series. These articles tackle the challenges of the arts and heritage industry – and celebrate the wins, too.


    In education, students increasingly use AI to summarise readings and generate essay outlines; in healthcare, diagnostic models match human doctors in detecting disease.

    But in our pursuit of optimisation, we may have left something essential behind. In her book The Power of Wonder (2023), author Monica Parker describes wonder as a journey, a destination, a verb and a noun, a process and an outcome.

    Lamenting how “modern life is conditioning wonder-proneness out of us”, the author suggests we have “traded wonder for the pale facsimile of electronic novelty-seeking”. And there’s the paradox: AI gives us knowledge at scale, but may rob us of the humility and openness that spark genuine curiosity.

    AI as the antidote?

    But what if AI isn’t the killer of wonder, but its catalyst? The same technologies that predict our shopping habits or generate marketing content can also create surreal art, compose jazz music and tell stories in different ways.

    Tools like DALL·E, Udio.ai, and Runway don’t just mimic human creativity, they expand our creative capacity by translating abstract ideas into visual or audio outputs instantly. They don’t just mimic creativity, they open it up to anyone, enabling new forms of self-expression and speculative thinking.

    The same power that enables AI to open imaginative possibilities can also blur the line between fact and fiction, which is especially risky in education where critical thinking and truth-seeking are paramount. That’s why it’s essential that we teach students not just to use these tools, but to question them. Teaching people to wonder isn’t about uncritical amazement – it’s about cultivating curiosity alongside discernment.

    Educators experimenting with AI in the classroom are starting to see this potential, as my recent work in the area has shown. Rather than using AI merely to automate learning, we are using it to provoke questions and to promote creativity.

    When students ask ChatGPT to write a poem in the voice of Virginia Woolf about climate change, they learn how to combine literary style with contemporary issues. They explore how AI mimics voice and meaning, then reflect on what works and what doesn’t.

    When they use AI tools to build brand storytelling campaigns, they practise turning ideas into images, sounds and messages and learn how to shape stories that connect with audiences. Students are not just using AI, they’re learning to think critically and creatively with it.

    This aligns with Brazilian philosopher Paulo Friere’s “banking” concept of education, where rather than depositing facts, educators are required to spark critical reflection. AI, when used creatively, can act as a dialogue partner, one that reflects back our assumptions, challenges our ideas and invites deeper inquiry.

    The research is mixed, and much depends on how AI is used. Left unchecked, tools like ChatGPT can encourage shortcut thinking. When used purposely as a dialogue partner, prompting reflection, testing ideas and supporting creative inquiry, studies show it can foster deeper engagement and critical thinking. The challenge is designing learning experiences that make the most of this potential.

    A new kind of curiosity

    Wonder isn’t driven by novelty alone, it’s about questioning the familiar. Philosopher Martha Nussbaum describes wonder as “taking us out of ourselves and toward the other”. In this way, AI’s outputs have the potential to jolt people out of cognitive ruts and into new realms of thought, causing them to experience wonder.

    It could be argued that AI becomes both mirror and muse. It holds up a reflection of our culture, biases and blind spots while nudging us toward the imaginative unknown at the same time. Much like the ancient role of the fool in King Lear’s court, it disrupts and delights, offering insights precisely because it doesn’t think like humans do.

    This repositions AI not as a rival to human intelligence, but as a co-creator of wonder, a thought partner in the truest sense.

    Descartes saw doubt as the path to certainty. Today, however, we crave certainty and often avoid doubt. In a world overwhelmed by information and polarisation, there is comfort in clean answers and predictive models. But perhaps what we need most is the courage to ask questions, to really wonder about things.

    The German poet Rainer Maria Rilke once advised: “Be patient toward all that is unsolved in your heart and try to love the questions themselves.”

    AI can generate perspectives, juxtapositions and “what if” scenarios that challenge students’ habitual ways of thinking. The point isn’t to replace critical thinking, but to spark it in new directions. When artists co-create with algorithms, what new aesthetics emerge that we’ve yet to imagine?

    And when policymakers engage with AI trained on other perspectives from around the world, how might their understanding and decisions be transformed? As AI reshapes how we access, interpret and generate knowledge, this encourages rethinking not just what we learn, but why and how we value knowledge at all.

    Educational philosophers such as John Dewey and Maxine Greene championed education that cultivates imagination, wonder and critical consciousness. Greene spoke of “wide-awakeness”, a state of being in the world.

    Deployed thoughtfully, AI can be a tool for wide-awakeness. In practical terms, it means designing learning experiences where AI prompts curiosity, not shortcuts; where it’s used to question assumptions, explore alternatives, and deepen understanding.

    When used in this way, I believe it can help students tell better stories, explore alternate futures and think across disciplines. This demands not only ethical design and critical digital literacy, bit also an openness to the unknown. It also demands that we, as humans, reclaim our appetite for awe.

    In the end, the most human thing about AI might be the questions it forces us to ask. Not “What’s the answer?” but “What if …?” and in that space, somewhere in between certainty and curiosity, wonder returns. The machines we built to do our thinking for us might just help us rediscover it.

    Lucy Gill-Simmen 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. Where did the wonder go – and can AI help us find it? – https://theconversation.com/where-did-the-wonder-go-and-can-ai-help-us-find-it-258490

    MIL OSI – Global Reports

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

    At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

    Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

    ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

    ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

    “The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

    “From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

    Terms of the Proposed Business Combination and Financing Transactions

    The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

    The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

    The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

    At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

    Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

    The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

    The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Advisors

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

    Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

    Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

    Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    About ProCap BTC, LLC and ProCap Financial, Inc.

    ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

    About Columbus Circle Capital I
    Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

    About Cohen & Company

    Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/.  J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management. 

    About Clear Street

    Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

    Additional Information and Where to Find It

    ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

    Participants in Solicitation

    CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

    The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

    The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network

  • MIL-OSI: Anthony Pompliano Strikes $1 Billion Merger to Create ProCap Financial; Raises Over $750M in Largest Initial Fundraise in History for Public Bitcoin Treasury Company

    Source: GlobeNewswire (MIL-OSI)

    • ProCap Financial to strategically acquire bitcoin and generate revenue and profits from its bitcoin holdings
    • Equity investors have immediate exposure to bitcoin based on structure of financing transactions
    • Columbus Circle Capital Corp. I (NASDAQ: CCCM) to take ProCap Financial public

    New York, NY, June 23, 2025 (GLOBE NEWSWIRE) — American investor and entrepreneur Anthony Pompliano today announced that ProCap BTC, LLC, a bitcoin-native financial services firm, has entered into a definitive agreement for a business combination with Columbus Circle Capital Corp. I (NASDAQ: CCCM), a SPAC sponsored by a controlled subsidiary of Cohen & Company, Inc.

    At the closing of the proposed business combination, the combined company will operate as ProCap Financial, Inc., with up to $1 billion in bitcoin on its balance sheet. Entities in the proposed transaction raised $516.5 million in equity and $235 million in convertible notes, the largest initial fundraise in history for a public bitcoin treasury company.

    Leading institutional and bitcoin-native investors participating in the financing transactions include Magnetar Capital, Woodline Partners LP, Anson Funds, RK Capital, Off the Chain Capital, Parafi, Blockchain.com, Arrington Capital, BSQ Capital Partners, and FalconX. Industry veterans such as Mark Yusko, Jason Williams, Eric Semler, Tony Guoga, and Matteo Franceschetti participated as well.

    ProCap Financial aims to become the leading financial services firm at the intersection of bitcoin and traditional finance. ProCap Financial plans to use its bitcoin balance sheet to generate revenue and profit through a variety of strategies.

    ProCap Financial will be led by Anthony Pompliano, who has invested in more than 300 private companies and is one of the leading voices on bitcoin globally.

    “The legacy financial system is being disrupted by bitcoin,” said Pompliano. “ProCap Financial represents our solution to the increasing demand for bitcoin-native financial services among sophisticated investors. Our objective is to develop a platform that will not only acquire bitcoin for our balance sheet, but will also implement risk-mitigated solutions to generate revenue and profits from our bitcoin holdings.”

    “From day one we sought to partner with a platform and a leader that could develop a transformative organization – and we found that in ProCap BTC and Anthony Pompliano,” said Gary Quin, CEO of CCCM. “Anthony’s track record as an innovative investor, operator, and early advocate in the bitcoin ecosystem speaks for itself. We believe his deep expertise and relentless conviction will help continue to transform an industry undergoing rapid evolution.”

    Terms of the Proposed Business Combination and Financing Transactions

    The proposed business combination (the “Business Combination”) between ProCap BTC, LLC (“ProCap BTC”) and Columbus Circle Capital Corp. I (“CCCM”) will result in ProCap Financial, Inc. (“ProCap Financial”) being a publicly listed company. In connection with the Business Combination, ProCap BTC sold $516.5 million of non-voting preferred units to investors in a private placement (the “Preferred Equity Raise”) and ProCap Financial secured commitments for $235 million in senior secured convertible notes (the “Convertible Notes”) from investors in a private placement (the “Convertible Debt Raise”, together with the Business Combination and the Preferred Equity Raise, the “Proposed Transactions”). At the closing of the Business Combination (the “Closing”), any funds remaining in the CCCM trust account will be delivered to ProCap Financial. The full proceeds of the CCCM Trust Account, assuming no trust redemptions at or prior to Closing, is included in the up to $1 billion expected to be used to purchase bitcoin for ProCap Financial’s balance sheet.

    The Preferred Equity Raise was funded contemporaneously with the execution of the definitive agreements. ProCap BTC agreed to purchase bitcoin (the “BTC Assets”) using the aggregate amount of funds raised in the Preferred Equity Raise within fifteen days of the date of signing the definitive agreements. The BTC Assets will be held in a custodial account until the completion of the Business Combination, providing future shareholders of ProCap Financial with immediate exposure to bitcoin rather than waiting until after the Closing.

    The Convertible Notes will be funded at the close of the Business Combination and have a 130% conversation rate, zero interest rate, and maturity of up to 36 months. The Convertible Notes will be 2x collateralized by cash, cash equivalents or a portion of the bitcoin purchased with the proceeds from the Proposed Transactions. U.S. Bank National Trust, N.A. will serve as collateral agent and trustee with regard to the Convertible Notes and associated indenture and guarantee arrangements.

    At the Closing, former security holders of CCCM and former unit holders of ProCap BTC (“ProCap Holders”) will receive, as consideration in the Business Combination, newly-issued securities of ProCap Financial. The number of ProCap Financial shares issuable to the ProCap Holders at Closing will depend on the value of the BTC Assets measured as of a date shortly before the Closing, subject to a cap, and provided, also, that the ProCap Holders that are investors in the Preferred Equity Raise (as defined herein) will, at a minimum, receive such number of ProCap Financial shares as represents 1.25 times the number of preferred units delivered to such investors upon consummation of the Preferred Equity Raise, based on the trade weighted average price of the BTC Assets, as further described in the definitive agreements for the Proposed Transactions (the “Transaction Agreements”).

    Prior to entering into the definitive agreement, the proposed Business Combination has been approved by the board of directors of CCCM and by the board of managers of ProCap BTC. The terms of the Transaction Agreements, including covenants and conditions to Closing reasonably customary for similar transactions, including that the Proposed Transactions and their terms be approved by requisite CCCM shareholders and by the sole voting unit holder of ProCap BTC, an entity owned and controlled by Pompliano.

    The parties expect to consummate the Proposed Transactions prior to the end of 2025, after the submission for review by the U.S. Securities & Exchange Commission (the “SEC”) of a registration statement on Form S-4 to register applicable securities issuable by ProCap Financial upon consummation of the proposed Business Combination. The parties intend to take actions necessary for the Convertible Notes, upon issuance in connection with the Closing, to have an associated 144A CUSIP number on the issue date to facilitate potential post-Closing trading amongst QUIBS, but are not expected to otherwise be registered or tradeable.

    The terms of the Proposed Transactions described in this release, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the Transaction Agreements and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to Closing. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Advisors

    Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“Cohen & Company”) is acting as exclusive financial advisor to ProCap BTC.

    Cohen & Company and Clear Street LLC are serving as joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    Reed Smith LLP is acting as legal advisor for ProCap BTC, LLC and ProCap Financial, Inc. in connection with the Proposed Transactions.

    Ellenoff Grossman & Schole LLP is acting as legal advisor to CCCM in connection with the Proposed Transactions. Ogier is acting as special Cayman Islands counsel to CCCM.

    Morgan, Lewis & Bockius LLP is acting as legal advisor to the joint co-placement agents in connection with the Preferred Equity Raise and Convertible Debt Raise.

    About ProCap BTC, LLC and ProCap Financial, Inc.

    ProCap BTC, LLC is a bitcoin-native financial services firm founded by Anthony Pompliano. Pompliano has invested in more than 300 private companies and is one of the leading voices on bitcoin globally. ProCap Financial, Inc., the company resulting from the proposed Business Combination, will focus on implementing various profit-generating products and services to support the unique financial needs of large financial institutions and institutional investors.

    About Columbus Circle Capital I
    Columbus Circle Capital Corp. I (NASDAQ: CCCM) is a Cayman Islands–incorporated blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company is led by Chairman and CEO Gary Quin, a veteran investment banker with over 25 years of experience in cross-border M&A, private equity, and capital markets; COO Dan Nash, a skilled investment banker, with a strong track record in SPAC execution and building high-growth advisory platforms; and CFO Joseph W. Pooler, Jr., who brings decades of public company financial leadership. The board of directors includes Garrett Curran, Alberto Alsina Gonzalez, Dr. Adam Back, and Matthew Murphy.

    About Cohen & Company

    Cohen & Company is J.V. B. Financial Group, LLC’s full-service boutique investment bank based in New York City that provides high-touch services across strategic advisory, mergers & acquisitions, and capital markets transactions. Cohen & Company merges boutique attentiveness with institutional scale. Learn more at https://www.cohencm.com/.  J.V. B. Financial Group, LLC is an indirect controlled subsidiary of Cohen & Company Inc, a financial services company specializing in an expanding range of capital markets and asset management services. Cohen and Company Inc has approximately $2.3 billion of assets under management. 

    About Clear Street

    Clear Street Investment Banking provides a full suite of strategic advisory, transactions and creative capital solutions to companies and investors across high-growth sectors including technology, healthcare, energy and beyond. Clear Street Investment Banking is part of Clear Street, the cloud-native financial services firm delivering financing, derivatives, execution and more to power client success. Learn more at https://www.clearstreet.io/investment-banking.

    Additional Information and Where to Find It

    ProCap Financial, Inc. (“ProCap Financial”) and Columbus Circle Capital Corp. I (“CCCM”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of CCCM and a prospectus (the “Proxy Statement/Prospectus”) in connection with the proposed business combination between ProCap BTC, LLC (“ProCap BTC”) and CCCM (the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of CCCM as of a record date to be established for voting on the Proposed Transactions and other matters as described in the Proxy Statement/Prospectus. ProCap Financial and/or CCCM will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF CCCM AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH CCCM’s SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT CCCM, PROCAP BTC, PROCAP FINANCIAL AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by CCCM and ProCap Financial, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Columbus Circle Capital Corp. I, 3 Columbus Circle, 24th Floor New York, NY 10019, e-mail: IR@ColumbusCircleCap.com; or upon written request to ProCap Financial, Inc., 600 Lexington Ave., Floor 2, New York, NY 10022.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The offer and sale of the convertible notes to be issued by ProCap Financial and the preferred units of ProCap BTC sold in connection with the Proposed Transactions has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933.

    Participants in Solicitation

    CCCM, ProCap BTC, ProCap Financial and their respective directors, executive officers, certain of their shareholders and other members of management and employees may be deemed under SEC rules to be participants in the solicitation of proxies from CCCM’s shareholders in connection with the Proposed Transactions. A list of the names of such persons, and information regarding their interests in the Proposed Transactions and their ownership of CCCM’s securities are, or will be, contained in CCCM’s filings with the SEC, including the final prospectus for CCCM’s initial public offering filed with the SEC on May 19, 2025. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of CCCM’s shareholders in connection with the Proposed Transactions, including the names and interests of ProCap BTC’s and ProCap Financial’s respective directors or managers and executive officers, will be set forth in the Registration Statement and Proxy Statement/Prospectus, which is expected to be filed by ProCap Financial and CCCM with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication and the information contained herein is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of CCCM or ProCap Financial, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions involving ProCap Financial, ProCap BTC, and CCCM, including expectations, hopes, beliefs, intentions, plans, prospects, financial results or strategies regarding ProCap BTC, ProCap Financial, CCCM and the Proposed Transactions, statements regarding the anticipated benefits and timing of the completion of the Proposed Transactions, the assets held by ProCap BTC and ProCap Financial, the price and volatility of bitcoin, bitcoin’s growing prominence as a digital asset and as the foundation of a new financial system, ProCap Financial’s listing on any securities exchange, the macro and political conditions surrounding bitcoin, the planned business strategy including ProCap Financial’s ability to develop a corporate architecture capable of supporting financial products built with and on bitcoin including native lending models, capital market instruments, and future innovations that will replace legacy financial tools with bitcoin-aligned alternatives, plans and use of proceeds, objectives of management for future operations of ProCap Financial, the upside potential and opportunity for investors, ProCap Financial’s plan for value creation and strategic advantages, market size and growth opportunities, regulatory conditions, technological and market trends, future financial condition and performance and expected financial impacts of the Proposed Transactions, the satisfaction of closing conditions to the Proposed Transactions and the level of redemptions of CCCM’s public shareholders, and ProCap Financial’s expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: the risk that the Proposed Transactions may not be completed in a timely manner or at all, which may adversely affect the price of CCCM’s securities; the risk that the Proposed Transactions may not be completed by CCCM’s business combination deadline; the failure by the parties to satisfy the conditions to the consummation of the Proposed Transactions, including the approval of CCCM’s shareholders; failure to realize the anticipated benefits of the Proposed Transactions; the level of redemptions of the CCCM’s public shareholders, which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A ordinary shares of CCCM or the shares of common stock of ProCap Financial to be listed in connection with the Proposed Transactions; the insufficiency of the third-party fairness opinion for the board of directors of CCCM in determining whether or not to pursue the Proposed Transactions; the failure of ProCap Financial to obtain or maintain the listing of its securities on any securities exchange after closing of the Proposed Transactions; risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; costs related to the Proposed Transactions and as a result of becoming a public company; changes in business, market, financial, political and regulatory conditions; risks relating to ProCap Financial’s anticipated operations and business, including the highly volatile nature of the price of bitcoin; the risk that ProCap Financial’s stock price will be highly correlated to the price of bitcoin and the price of bitcoin may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions; asset security and risks associated with CCCM, ProCap BTC and ProCap Financial’s ability to consummate the Proposed Transactions timely or at all, including in connection with potential regulatory delays or impediments, changes in bitcoin prices or for other reasons; risks related to increased competition in the industries in which ProCap Financial will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding bitcoin; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; risks that after consummation of the Proposed Transactions, ProCap Financial experiences difficulties managing its growth and expanding operations; the risks that launching and growing ProCap Financial’s bitcoin treasury advisory and services in digital marketing and strategy could be difficult; challenges in implementing ProCap Financial’s business plan, due to operational challenges, significant competition and regulation; being considered to be a “shell company” by any stock exchange on which ProCap Financial’s common stock will be listed or by the SEC, which may impact ProCap Financial’s ability to list ProCap Financial’s common stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities; the outcome of any potential legal proceedings that may be instituted against ProCap Financial, ProCap BTC, CCCM or others following announcement of the Proposed Transactions, and those risk factors discussed in documents that ProCap Financial and/or CCCM filed, or that will be filed, with the SEC.

    The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of CCCM dated as of May 15, 2025 and filed by CCCM with the SEC on May 19, 2025, CCCM’s Quarterly Reports on Form 10-Q and CCCM’s Annual Reports on Form 10-K that will be filed by CCCM from time to time, the Registration Statement that will be filed by ProCap Financial and CCCM and the Proxy Statement/Prospectus contained therein, and other documents that have been or will be filed by CCCM and ProCap Financial from time to time with the SEC. These filings do or will identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. There may be additional risks that neither CCCM nor ProCap Financial presently know or that CCCM and ProCap Financial currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and each of CCCM, ProCap BTC, and ProCap Financial assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither CCCM, ProCap BTC, nor ProCap Financial gives any assurance that any of CCCM, ProCap BTC, or ProCap Financial will achieve their respective expectations. The inclusion of any statement in this communication does not constitute an admission by CCCM, ProCap BTC or ProCap Financial or any other person that the events or circumstances described in such statement are material.

    The terms of the Proposed Transactions described in this communication, including any dollar-denominated figures or implied valuations, are based on information as of the date of the signing of the definitive business combination agreement and assume no redemptions from the CCCM trust account. These terms are subject to change, including as a result of fluctuations in the price of bitcoin prior to closing of the Proposed Transactions. There can be no assurance that the final terms at Closing will reflect the figures referenced herein.

    Media Contacts

    Ebony Lewkovitz
    ebony@edencommunications.com 

    Larissa Bundziak
    larissa@edencommunications.com 

    IR@ColumbusCircleCap.com

    The MIL Network

  • MIL-OSI USA: Gift Brings UConn’s Immersive Holocaust and Bias Awareness Program to High School Students

    Source: US State of Connecticut

    Students in some Greater Hartford schools will get the chance to learn about reducing bias and antisemitism through a new UConn program that uses powerful, interactive experiences. Organizers hope to eventually expand the program statewide.

    The Morris and Judy Sarna Breaking Bias & Creating Community Program in UConn’s Neag School of Education enables students to ask Holocaust survivors questions through a high-tech, immersive program from the USC Shoah Foundation.

    Students also engage with “The Journey Back” from the Illinois Holocaust Museum and Education Center. “The Journey Back” is a virtual reality experience where survivors take students on a journey that mirrors their experiences during the Holocaust, including visits to the Auschwitz concentration camp.

    Students also learn through a customized photo exhibit in their school that depicts the various perspectives and identities representing their schools and communities. For example, the West Hartford program will feature several photos of a local man who is a World War II veteran. The images show him variously playing cards, standing with a life-size photo of himself in his military uniform, and holding a Jewish star badge given to him by a French family he helped rescue during the war.

    The idea behind the Breaking Bias & Creating Community Program is to reduce hatred and build awareness, empathy, and community by understanding different perspectives and by studying past examples of antisemitism and racism.

    The cutting-edge program piloted last year at E.O. Smith High School in Storrs and will be launched in West Hartford middle and high schools in September. Glastonbury schools will host the program the following year. The program is expected to reach tens of thousands of students in multiple Connecticut school districts over the next decade.

    The program was made possible by a generous gift to the Neag School of Education from Judy Sarna and her late husband, Morris, who was a Holocaust survivor.

    “In essence, the goal is about reducing bias and building community,” explains Alan Marcus, the UConn Curriculum and Instruction professor who developed and directs the program. “The program is designed to help students develop empathy by seeing other people’s perspectives and being able to have conversations with them.”

    The program is designed to help students develop empathy by seeing other people’s perspectives and being able to have conversations with them. &#8212 Alan Marcus, Curriculum and Instruction professor

    The program also involves UConn students majoring in teacher education and graduate students. The UConn students help teach the programs in the schools, gaining hands-on, experiential learning. The gift from the Sarnas supports one of the University’s key campaign goals to invest in academic and innovation excellence.

    Judy Sarna says she and her husband, Morris, became involved in the program because they were increasingly worried about the rise in antisemitism and racism they were seeing around the world.

    Morris Sarna, who passed away Jan. 17 at age 97, was imprisoned in a series of Nazi concentration camps for four years starting at age 12. He and his brothers, Jack and Charles, survived and were liberated from the Czestochowa camp. Another brother, Joseph, survived the Mauthausen camp. But their parents and two youngest brothers were murdered in the Belzec extermination camp.

    Judy Sarna explains how they first got involved with the UConn program.

    “One day, my husband said, the world is getting like 1938 Germany,” Sarna says. “What can we do? There’s so much antisemitism.”

    Soon after, her niece told her about UConn’s program. The niece had learned about it through a friend, Carmen Effron ’72 (ED), ’81 MBA, who serves on the Neag Dean’s Board of Advocates. Judy immediately knew that she wanted to support the program.

    “I said, ‘Morris, I found the project for us. This is something we can do,” she says.

    One day, my husband said, ‘the world is getting like 1938 Germany. What can we do? There’s so much antisemitism.’ … I said, ‘Morris, I found the project for us. This is something we can do.’ &#8212 Judy Sarna

    Judy Sarna says it is important for new generations to learn about the Holocaust to make sure it is never repeated. She hopes the program will help foster more of a sense of understanding and community.

    “I think the Holocaust is an important piece of history. It shows how governments and people can be swayed and taken for a ride in a direction that generations will be sorry for,” she says. “It’s not impossible for the right person at the right time, who’s a great speaker, to really turn the world upside down.”

    She believes the innovative technology behind the program is more engaging for younger generations than more traditional methods, such as reading “The Diary of Anne Frank.”

    “This is a wonderful opportunity to take a pilot project, created by someone with great credentials and backed by a university, and watch it flower into something bigger,” she says.

    “The Sarnas’ donation is the largest gift from a single, private donor that the Neag School has received in the past 25 years,” Neag School Dean Jason G. Irizarry says. “We are grateful to Morris and Judy for their amazing generosity and their recognition of this groundbreaking program’s enormous potential. Using cutting-edge technology to build community and empathy among middle and high school students is the kind of innovative excellence that UConn and the Neag School are known for. I am excited to see the program reach students throughout Connecticut and the nation, thanks to the Sarnas’ support.”

    Sarna hopes the program continues to expand, perhaps someday becoming part of a statewide or even national curriculum. She urges others to consider supporting the program.

    “This is a place where even a small amount of money can go a long way,” she says. “You’re educating teachers and students and that goes on and on generationally well beyond the program.”

    Support the Morris and Judy Sarna Breaking Bias & Creating Community Program fund through the UConn Foundation. 

    MIL OSI USA News

  • MIL-OSI United Kingdom: The Box Plymouth announces landmark Beryl Cook exhibition for 2026

    Source: City of Plymouth

    Taking place 100 years after she was born, the exhibition will re-assess and re-present Cook’s work, giving her the acclaim she deserves

    The Box Plymouth has today revealed details of a major exhibition by artist Beryl Cook (1926-2008). Running from Saturday 24 January to Sunday 31 May 2026, it will be the most extensive exhibition of her work to date. With the help of new research and rarely or never seen before paintings and archival material, it will reposition her career and contribution to British art.

    Born Beryl Frances Lansley in Egham, Surrey in 1926, Cook was a self-taught artist who was already in her late thirties when she picked up a paint brush. She moved to Plymouth in 1968, and the city and its people became her muse for the next 40 years. Her first exhibition at the former Plymouth Arts Centre in 1975 led to a major feature in the Sunday Times and launched a career filled with vibrant, warm-hearted paintings that led to an OBE for services to the arts in 1995.

    “A century after she was born a reappraisal of Beryl Cook’s work feels long overdue,” says Victoria Pomery, CEO of The Box. “Although loved by many, she wasn’t given enough serious consideration during her lifetime and we want to change that. This exhibition is a timely opportunity for us to fully explore her impact and highlight how skilled she was at documenting everyday life during a time of social change from the 1970s to the 2000s.”

    Ambitious in scale as well as approach, the exhibition will feature more than 80 works, including paintings from The Box’s significant art collection, loans from both private and public collections, plus rarely seen items from the personal archives of the Cook family.

    “We are thrilled to be celebrating 100 years of Beryl with The Box,” says Beryl Cook’s granddaughter, Sophie Cook. “Plymouth had a special place in Beryl’s heart having spent most of her life living there, so this feels like the rightful home for such a special exhibition.”

    The exhibition will also feature works by figures from history with whom Cook felt an affinity, such as influential Flemish painter Pieter Bruegel the Younger (1564-1638) and acclaimed English artist Stanley Spencer (1891-1959). Her continued impact on artists who are working today will also be explored.

    “This exhibition is a chance for us to really examine Cook’s meticulous practice, process and legacy, as well as present a wider contextualisation of her career,” says Terah Walkup, art curator at The Box who has been working with curatorial consultant Ben Borthwick on its development. “It will foreground her fascination and positive portrayals of a variety of people and communities, including those who were often on the fringes of mainstream society and, through the research we’re doing, share fresh perspectives from those who knew her, were painted by her or were there when some of her most iconic works were created.”

    Stay up to date with the development of the exhibition at theboxplymouth.com.

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Human Right Committee Opens One Hundred and Forty-Fourth Session

    Source: United Nations – Geneva

    The Human Right Committee this morning opened its one hundred and forty-fourth session, during which it will examine the reports of Guinea-Bissau, Haiti, Kazakhstan, Latvia, North Macedonia, Spain and Viet Nam on their implementation of the provisions of the International Covenant on Civil and Political Rights.

    In her opening remarks, Sara Hamood, Chief of the Anti-Racial Discrimination Section within the Rule of Law, Equality and Non-Discrimination Branch of the Thematic Engagement, Special Procedures and Right to Development Division, Office of the United Nations High Commissioner for Human Rights, and Representative of the Secretary-General, said this session was taking place in extremely challenging times for human rights globally. 

    Quoting the High Commissioner for Human Rights’ opening remarks at the current Human Rights Council session, she expressed concern about “spiralling conflicts”, “social tensions”, “widespread discrimination” and “attacks on the international institutions that underpin our rights, including the International Criminal Court”, as well as about funding cuts affecting the Office of the High Commissioner, the human rights mechanisms, and civil society partners.  The High Commissioner appealed for the strongest possible defence of international law and human rights, emphasising that human rights provided stability and security in troubled times and that they were guardrails on power, especially when it was unleashed in its most brutal forms.

    On 17 June, the High Commissioner presented to the Council his annual report (A/HRC/59/20), in which he stressed that the “global consensus around international norms and institutions continues to face serious threats”.  He stated that “in this troubled and turbulent context, a global coalition is needed to demonstrate an unequivocal commitment, anchored in human rights, to international order and the rule of law.”

    Last week, the Council also held interactive dialogues with Special Procedures.  The Special Rapporteur on freedom of peaceful assembly and association presented her report on the “impact of the 2023-2025 ‘super election’ cycle on the rights of peaceful assembly and association” (A/HRC59/44).  The Special Rapporteur on freedom of opinion and expression presented her report on “freedom of expression and elections in the digital age” (A/HRC/59/50). 

    Ms. Hamood said this year marked the sixtieth anniversary of the adoption of the International Convention on the Elimination of All Forms of Racial Discrimination, the first international human rights treaty adopted by the General Assembly on 21 December 1965. This year’s commemoration of the International Day for the Elimination of Racial Discrimination was dedicated to this important anniversary.  There needed to be a renewed commitment to the Convention, stronger implementation, and inclusive dialogue to advance racial justice.  A series of global events were being held to mark the occasion, including commemorations in New York and Geneva.  As part of this initiative, the Committee on the Elimination of Racial Discrimination would host a commemorative event on 4 December.

    While recent years had seen growing momentum for racial justice, a rollback on racial justice commitments was now being seen in some contexts, Ms. Hamood said.  Despite significant progress, the International Convention on the Elimination of All Forms of Racial Discrimination’s promise remained unfulfilled for many.  Racism and white supremacy continued to poison communities, politics, media and online platforms.  Racism was manifested in many ways, including through violations of civil and political rights.  The Human Rights Committee needed to continue its important contribution to the fight against racism; the work of the anti-racism mechanisms would prove helpful in this regard.

    Addressing the financial crisis in the human rights system, Ms. Hamood said that for treaty bodies with three annual sessions, including the Human Rights Committee, the Office of the High Commissioner would not be able to secure the funding to hold their third sessions this year.  The Office received only 73 per cent of its approved regular budget in 2025, a further decrease from the 87 per cent of its approved regular budget received in 2024.  As most of these funds were needed to cover contractual liabilities, particularly staff costs, the amount available for meetings and activities was simply inadequate. Next year also risked seeing a continuation of this trend.

    The liquidity situation was a system-wide crisis.  The United Nations Office at Geneva’s Conference Services had also faced dramatic cuts, leading it to adopt cash conservative measures that would impact the conference support provided to the human rights treaty bodies, particularly in terms of documentation, meeting time and interpretation.  It was called on to reduce official meetings and documentation by 10 per cent.

    Ms. Hamood said reductions of the allotments would impact the treaty bodies’ ability to hold dialogues with States parties and to take decisions on individual communications, resulting in further delays and backlogs.  Another area where cuts were being made was in treaty body capacity building activities, which provided valuable support for States to report to and interact with the treaty bodies.  All this caused real damage to the predictability of the reporting cycle, which was critically important to enable States, civil society organizations and right holders to engage effectively with the treaty bodies.  Ms. Hamood expressed regret that, given the overall reduction in funds and availability of support services, business as usual was no longer possible.

    She reported that the thirty-seventh annual meeting of the Chairs of the human rights treaty bodies took place in Geneva from 2 to 6 June 2025.  An overarching theme addressed in considerable depth was the United Nations liquidity crisis and how it was impacting the effective discharge of the mandates of the treaty bodies.  The Chairs also discussed how to create synergies between human rights mechanisms as well as regional mechanisms, the progress made on the alignment of their working methods and practices, and the implementation of the guidelines on the independence and impartiality of members of the human rights treaty bodies.

    Ms. Hamood said the Committee had a busy agenda ahead of it, including seven State party reviews, the consideration and adoption of 10 lists of issues prior to reporting, as well as several individual communications under the Optional Protocol.  It would also hold briefings with various stakeholders, each of which was a vital opportunity to stem the local but also global assault on human rights and their defenders.  She closed by wishing the Committee a successful and productive session.

    Changrok Soh, Committee Chair, said the Committee was particularly interested in the commemoration of the sixtieth anniversary of the Convention against Racial Discrimination.  Racial discrimination was an issue often dealt with by the Committee, as it often manifested itself in violations of civil and political rights.  The Committee would continue to scrutinise the state of racial discrimination under its mandated activities.  The Committee took inspiration from Ms. Hamood’s statement, as next year would mark the sixtieth anniversary of the adoption of the Covenant, Mr. Soh noted.

    The Committee then adopted its agenda and programme of work for the session.

    Hélène Tigroudja, Committee Vice Chair and Chair of the working group on communications, presented the report on the group’s activities for the one hundred and fortieth session. She said that the format of the group’s work had been adjusted, with three days dedicated to discussions on communications prior to the session.  These were not enough to assess all the communications before the Committee. However, the working group had done tremendous work in a spirit of solidarity.

    Ms. Tigroudja said that, of the 21 documents submitted for consideration, it discussed 18 and adopted 16. The Committee had continued to append in a single document communications submitted against the same State party and concerning the same claims.  This enabled the group to review a total of 26 communications, covering, inter alia, participation in public affairs, the right to self-determination, freedom of expression in political and electoral processes, political representation of indigenous peoples, racial discrimination, arbitrary detention, torture and ill-treatment in detention, and non-refoulement.  The communications examined were submitted between 2015 and 2023 and concerned 13 States parties covering different continents and regions.

    Following its discussions, and pending the finalisation of its work this week, the working group submitted to the plenary 10 communications with a finding of inadmissibility and six communications with a finding of violation of the rights of the Covenant, Ms. Tigroudja reported.  Five communications were still to be examined this week.  She thanked all those who had worked hard to facilitate the holding of the condensed working group, including the petitions unit, which prepared draft decisions.

    Preparation of draft decisions in advance of plenary meetings was an absolute necessity, and one of the fundamental tasks entrusted to the Committee by States through the Optional Protocol, Ms. Tigroudja said.  Individual communications were an important part of the Committee’s raison d’être. A session without draft decisions previously discussed, reviewed and finalised in working groups and in person would lead to a decrease in the quality and effectiveness of the Committee’s work, and moreover a denial of justice for victims seeking to denounce violations of their rights, she concluded.

    A Committee Expert thanked the working group for its work, and expressed concern about the financial situation, which impeded the holding of pre-sessional working groups, and had caused the cancellation of the third session of the Committee.  She thanked all Committee members for their efforts to maintain the Committee’s work in these difficult circumstances.

    The working group’s report was adopted.

    The Human Rights Committee’s one hundred and forty-fourth session is being held from 23 June to 17 July 2025.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 3 p.m. on Tuesday, 24 June, to begin its consideration of the third periodic report of Kazakhstan (CCPR/C/KAZ/3).

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CCPR25.009E

    MIL OSI United Nations News

  • MIL-OSI: Allstate survey: Nearly one third of active social media users may potentially risk a home break-in by posting online before or during a vacation trip

    Source: GlobeNewswire (MIL-OSI)

    MARKHAM, Ontario, June 23, 2025 (GLOBE NEWSWIRE) — Almost one third (32 per cent) of Canadian respondents to a survey that say they are active on social media post about their plans before or while traveling, a figure that rises to 51 per cent among those aged 18 to 34. Posting that beach vacation selfie while away could be putting the safety of their property at risk for theft because it also shares that their home is empty. The survey was conducted by Léger on behalf of Allstate Insurance Company of Canada (‘Allstate’) to explore how Canadians choose to share details about their vacation on social media before and during travel.

    Respondents to the survey reveal that 68 per cent of Canadian social media users plan to leave home for at least a few days this summer, with the highest rate among Gen Z and Millennials at 74 per cent and the lowest among those aged 55 and older. While 35 per cent of those staying within their province say they plan to post about their trip on social media, this proportion rises to 45 per cent among those planning to leave their province, and peaks at 51 per cent among travellers with international plans.

    Specifically, 9 per cent post before their trip to share their plans and 28 per cent post during the trip to show they are travelling. Young adults aged 18–34 are the most likely to publish content on social media during their vacation (39 per cent). Parents are more inclined to share (37 per cent) compared to those without children (30 per cent).

    In contrast, a majority (62 per cent) say their main concern is protecting their home from theft while they’re away. This priority is even stronger among people aged 55 and over — 69 per cent choose not to post before or during their vacation. However, 15 per cent of respondents say sharing on social media is more of a priority than keeping their home safe from a break-in.

    Allstate has launched a public education campaign about the risks of sharing vacation travel plans online and how Canadians can better protect their homes.

    Allstate Claims Data Shows August is a Target Month for Home Theft
    Analysis of Allstate’s in-house claims data over the last ten years reveals that property theft rises slightly over the summer, with August reaching a peak. Overall, the months of July through November are the busiest time for theft, making summer a critical period for home safety. As well, the claims data reveals Fridays rank highest for incidents, followed by Thursday, regardless of time of year.

    “While technology like smart cameras and alarm systems may offer peace of mind, oversharing on social media can put travellers’ homes and valuables at risk. I encourage Canadians to keep this in mind before sharing their travel plans and adventures online,” says Odel Laing, Agency Manager at Allstate Canada. “This doesn’t mean keeping all the excitement to yourself, but rather share the photos of your vacation when you return.”

    Allstate Encourages to Travel Smart this Summer

    Odel offers some advice that may help Canadians protect their homes from theft if they are planning on travelling this summer.

    • As a general rule, year-round, use your phone’s privacy settings to remove geolocation data from digital pictures and avoid sharing images of your street address or home number.
    • Before a trip, avoid posting countdowns. If the itch to share online is too great, create a smaller trusted chat group to keep those closest to you informed of your plans.
    • Setting social media accounts to “private” rather than public allows more control over who sees your content. Even then, keep dates and other travel plans vague.
    • Delay sharing details about your vacation adventure online until your return.
    • Discuss this approach with all household members, so they take the same precautions.
    • Review your home insurance policy with your insurance professional to ensure you have the right coverage for your needs.

    For more travel-related online safety advice, go to the GOOD HANDS® blog at blog.allstate.ca/safe-social-media-travel/.

    Léger Poll Methodology
    Allstate commissioned Léger to conduct a study among Canadians active on social media to better understand their online behaviour before, during and after their vacations and assess if they are in line with their level of concern towards home safety. In order to reach survey objectives, an online survey was conducted with 1,603 Canadians, aged 18 and over, who could express themselves in English or French, from April 17 to 20, 2025. It should be noted that due to the non-probabilistic nature of the sample (associated with any web survey), the calculation of the margin of error does not apply. For comparative purposes, a probabilistic sample of 1,603 respondents via web panel (including 1,352 respondents active on social media) would have a global margin of error of ± 2.45% 19 times out of 20. The margin of error would, however, increase for subgroups.

    About Allstate Insurance Company of Canada
    Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its “You’re in Good Hands®” promise. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca

    For more information, please contact:
    Stephanie More
    Agnostic on behalf of Allstate Insurance Company of Canada
    416-912-5341
    smore@thinkagnostic.com 

    Maude Gauthier
    Capital-Image on behalf of Allstate Insurance Company of Canada
    514-915-9469
    mgauthier@capital-image.com

    Cody Gillen
    Public Relations Specialist
    905-475-4536
    cgillen@allstate.ca

    The MIL Network

  • MIL-OSI: Allstate survey: Nearly one third of active social media users may potentially risk a home break-in by posting online before or during a vacation trip

    Source: GlobeNewswire (MIL-OSI)

    MARKHAM, Ontario, June 23, 2025 (GLOBE NEWSWIRE) — Almost one third (32 per cent) of Canadian respondents to a survey that say they are active on social media post about their plans before or while traveling, a figure that rises to 51 per cent among those aged 18 to 34. Posting that beach vacation selfie while away could be putting the safety of their property at risk for theft because it also shares that their home is empty. The survey was conducted by Léger on behalf of Allstate Insurance Company of Canada (‘Allstate’) to explore how Canadians choose to share details about their vacation on social media before and during travel.

    Respondents to the survey reveal that 68 per cent of Canadian social media users plan to leave home for at least a few days this summer, with the highest rate among Gen Z and Millennials at 74 per cent and the lowest among those aged 55 and older. While 35 per cent of those staying within their province say they plan to post about their trip on social media, this proportion rises to 45 per cent among those planning to leave their province, and peaks at 51 per cent among travellers with international plans.

    Specifically, 9 per cent post before their trip to share their plans and 28 per cent post during the trip to show they are travelling. Young adults aged 18–34 are the most likely to publish content on social media during their vacation (39 per cent). Parents are more inclined to share (37 per cent) compared to those without children (30 per cent).

    In contrast, a majority (62 per cent) say their main concern is protecting their home from theft while they’re away. This priority is even stronger among people aged 55 and over — 69 per cent choose not to post before or during their vacation. However, 15 per cent of respondents say sharing on social media is more of a priority than keeping their home safe from a break-in.

    Allstate has launched a public education campaign about the risks of sharing vacation travel plans online and how Canadians can better protect their homes.

    Allstate Claims Data Shows August is a Target Month for Home Theft
    Analysis of Allstate’s in-house claims data over the last ten years reveals that property theft rises slightly over the summer, with August reaching a peak. Overall, the months of July through November are the busiest time for theft, making summer a critical period for home safety. As well, the claims data reveals Fridays rank highest for incidents, followed by Thursday, regardless of time of year.

    “While technology like smart cameras and alarm systems may offer peace of mind, oversharing on social media can put travellers’ homes and valuables at risk. I encourage Canadians to keep this in mind before sharing their travel plans and adventures online,” says Odel Laing, Agency Manager at Allstate Canada. “This doesn’t mean keeping all the excitement to yourself, but rather share the photos of your vacation when you return.”

    Allstate Encourages to Travel Smart this Summer

    Odel offers some advice that may help Canadians protect their homes from theft if they are planning on travelling this summer.

    • As a general rule, year-round, use your phone’s privacy settings to remove geolocation data from digital pictures and avoid sharing images of your street address or home number.
    • Before a trip, avoid posting countdowns. If the itch to share online is too great, create a smaller trusted chat group to keep those closest to you informed of your plans.
    • Setting social media accounts to “private” rather than public allows more control over who sees your content. Even then, keep dates and other travel plans vague.
    • Delay sharing details about your vacation adventure online until your return.
    • Discuss this approach with all household members, so they take the same precautions.
    • Review your home insurance policy with your insurance professional to ensure you have the right coverage for your needs.

    For more travel-related online safety advice, go to the GOOD HANDS® blog at blog.allstate.ca/safe-social-media-travel/.

    Léger Poll Methodology
    Allstate commissioned Léger to conduct a study among Canadians active on social media to better understand their online behaviour before, during and after their vacations and assess if they are in line with their level of concern towards home safety. In order to reach survey objectives, an online survey was conducted with 1,603 Canadians, aged 18 and over, who could express themselves in English or French, from April 17 to 20, 2025. It should be noted that due to the non-probabilistic nature of the sample (associated with any web survey), the calculation of the margin of error does not apply. For comparative purposes, a probabilistic sample of 1,603 respondents via web panel (including 1,352 respondents active on social media) would have a global margin of error of ± 2.45% 19 times out of 20. The margin of error would, however, increase for subgroups.

    About Allstate Insurance Company of Canada
    Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its “You’re in Good Hands®” promise. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca

    For more information, please contact:
    Stephanie More
    Agnostic on behalf of Allstate Insurance Company of Canada
    416-912-5341
    smore@thinkagnostic.com 

    Maude Gauthier
    Capital-Image on behalf of Allstate Insurance Company of Canada
    514-915-9469
    mgauthier@capital-image.com

    Cody Gillen
    Public Relations Specialist
    905-475-4536
    cgillen@allstate.ca

    The MIL Network

  • MIL-OSI Security: New INTERPOL report warns of sharp rise in cybercrime in Africa

    Source: Interpol (news and events)

    Two-thirds of African member countries said cyber-related offences accounted for a medium-to-high share of all crimes

    • Cybercrime accounts for more than 30 per cent of all reported crime in Western and Eastern Africa.
    • Online scams, ransomware, business email compromise and digital sextortion are the most reported cyberthreats.
    • 90 per cent of African countries report needing ‘significant improvement’ in law enforcement or prosecution capacity.

    LYON, France: A growing share of reported crimes in Africa is cyber-related, according to INTERPOL’s 2025 Africa Cyberthreat Assessment Report.

    Two-thirds of the Organization’s African member countries surveyed said that cyber-related crimes accounted for a medium-to-high share of all crimes, rising to 30 per cent in Western and Eastern Africa.

    Online scams, particularly through phishing, were the most frequently reported cybercrimes in Africa, while ransomware, business email compromise (BEC) and digital sextortion also remain widespread.

    Neal Jetton, INTERPOL Cybercrime Director, said:

    “This fourth edition of the INTERPOL African Cyberthreat Assessment provides a vital snapshot of the current situation, informed by operational intelligence, extensive law enforcement engagement and strategic private-sector collaboration. It paints a clear picture of a threat landscape in flux, with emerging dangers like AI-driven fraud that demand urgent attention. No single agency or country can face these challenges alone.”

    Ambassador Jalel Chelba, Acting Executive Director of AFRIPOL, said:

    “Cybersecurity is not merely a technical issue; it has become a fundamental pillar of stability, peace, and sustainable development in Africa. It directly concerns the digital sovereignty of states, the resilience of our institutions, citizen trust and the proper functioning of our economies.”

    Africa’s top cyberthreats

    In the past year, suspected scam notifications rose by up to 3,000 per cent in some African countries, according to data from Kaspersky – one of several private sector partners that works with INTERPOL’s cybercrime directorate.

    Ransomware detections in Africa also rose in 2024, with South Africa and Egypt suffering the highest number, at 17,849 and 12,281 detections respectively according to data from Trend Micro, followed by other highly digitized economies such as Nigeria (3,459) and Kenya (3,030).

    Incidents included attacks on critical infrastructure, such as a breach at Kenya’s Urban Roads Authority (KURA), and on government databases, such as hacks of Nigeria’s National Bureau of Statistics (NBS).

    BEC-related incidents also rose significantly, with 11 African nations accounting for the majority of BEC activity originating on the continent. In West Africa, BEC fraud has driven highly organized, multi-million-dollar criminal enterprises, such as transnational syndicate Black Axe.

    Sixty per cent of African member countries reported an increase in reports of digital sextortion, where threat actors use sexually explicit images to blackmail their targets. The images can be authentic – shared voluntarily or obtained through coercion or deception – or they can be generated by artificial intelligence.

    Law enforcement challenges

    Cybercrime continues to outpace the legal systems designed to stop it, according to African law enforcement. Seventy-five per cent of countries surveyed said their legal frameworks and prosecution capacity needed improvement.

    At the same time, countries also reported struggling to enforce the existing laws on cybercrime, with 95 per cent of respondents reported inadequate training, resource constraints and a lack of access to specialized tools.

    Despite rising caseloads, most African member countries surveyed still lack essential IT infrastructure to combat cybercrime. Just 30 per cent of countries reported having an incident reporting system, 29 per cent a digital evidence repository and 19 per cent a cyberthreat intelligence database.

    While cybercrime routinely crosses national borders, 86 per cent of African member countries surveyed said their international cooperation capacity needs improvement due to slow, formal processes, a lack of operational networks, and limited access to platforms and foreign-hosted data.

    Cybercrime investigations increasingly rely on cooperation from private sector partners, yet 89 per cent of African countries said their cooperation with the private sector needed ‘significant’ or ‘some’ improvement due to unclear channels for engagement, low institutional readiness and other barriers.

    Strengthening cyber resilience

    Nevertheless, the INTERPOL report also details positive steps that many African member countries have made to strengthen their cyber resilience.

    Several African countries advanced their legal frameworks, harmonizing cybersecurity laws with international standards. Many countries also enhanced their cybercrime response capabilities, investing in specialized units and digital forensics infrastructure.

    This increased operational capacity was demonstrated in two high-impact international cybercrime operations coordinated by INTERPOL – Operation Serengeti and Operation Red Card – which collectively led to more than 1,000 arrests and the dismantling of hundreds of thousands of malicious networks.

    To further improve Africa’s cybercrime response capabilities, the INTERPOL report proposes six strategic recommendations, including improving regional and international cooperation, expanding prevention and public awareness, and leveraging emerging technologies.

    INTERPOL’s Africa Cyberthreat Assessment is part of the Organization’s African Joint Operation against Cybercrime (AFJOC) initiative, which is aimed at strengthening the capability of African law enforcement to prevent, detect, investigate and disrupt cybercrime. The AFJOC initiative is supported by the United Kingdom’s Foreign, Commonwealth and Development Office.

    In addition to information gathered from INTERPOL member countries in Africa, the Assessment benefits from data contributed by private sector partners Bi.Zone, Group-IB, Kaspersky and Trend Micro.

    Download the INTERPOL’s 2025 Africa Cyberthreat Assessment Report via the link below.

    MIL Security OSI

  • MIL-OSI Security: New INTERPOL report warns of sharp rise in African cybercrime

    Source: Interpol (news and events)

    Two-thirds of African member countries said cyber-related offences accounted for a medium-to-high share of all crimes

    • Cybercrime accounts for more than 30 per cent of all reported crime in Western and Eastern Africa.
    • Online scams, ransomware, business email compromise and digital sextortion are the most reported cyberthreats.
    • 90 per cent of African countries report needing ‘significant improvement’ in law enforcement or prosecution capacity.

    LYON, France: A growing share of reported crimes in Africa is cyber-related, according to INTERPOL’s 2025 Africa Cyberthreat Assessment Report.

    Two-thirds of the Organization’s African member countries surveyed said that cyber-related crimes accounted for a medium-to-high share of all crimes, rising to 30 per cent in Western and Eastern Africa.

    Online scams, particularly through phishing, were the most frequently reported cybercrimes in Africa, while ransomware, business email compromise (BEC) and digital sextortion also remain widespread.

    Neal Jetton, INTERPOL Cybercrime Director, said:

    “This fourth edition of the INTERPOL African Cyberthreat Assessment provides a vital snapshot of the current situation, informed by operational intelligence, extensive law enforcement engagement and strategic private-sector collaboration. It paints a clear picture of a threat landscape in flux, with emerging dangers like AI-driven fraud that demand urgent attention. No single agency or country can face these challenges alone.”

    Ambassador Jalel Chelba, Acting Executive Director of AFRIPOL, said:

    “Cybersecurity is not merely a technical issue; it has become a fundamental pillar of stability, peace, and sustainable development in Africa. It directly concerns the digital sovereignty of states, the resilience of our institutions, citizen trust and the proper functioning of our economies.”

    Africa’s top cyberthreats

    In the past year, suspected scam notifications rose by up to 3,000 per cent in some African countries, according to data from Kaspersky – one of several private sector partners that works with INTERPOL’s cybercrime directorate.

    Ransomware detections in Africa also rose in 2024, with South Africa and Egypt suffering the highest number, at 17,849 and 12,281 detections respectively according to data from Trend Micro, followed by other highly digitized economies such as Nigeria (3,459) and Kenya (3,030).

    Incidents included attacks on critical infrastructure, such as a breach at Kenya’s Urban Roads Authority (KURA), and on government databases, such as hacks of Nigeria’s National Bureau of Statistics (NBS).

    BEC-related incidents also rose significantly, with 11 African nations accounting for the majority of BEC activity originating on the continent. In West Africa, BEC fraud has driven highly organized, multi-million-dollar criminal enterprises, such as transnational syndicate Black Axe.

    Sixty per cent of African member countries reported an increase in reports of digital sextortion, where threat actors use sexually explicit images to blackmail their targets. The images can be authentic – shared voluntarily or obtained through coercion or deception – or they can be generated by artificial intelligence.

    Law enforcement challenges

    Cybercrime continues to outpace the legal systems designed to stop it, according to African law enforcement. Seventy-five per cent of countries surveyed said their legal frameworks and prosecution capacity needed improvement.

    At the same time, countries also reported struggling to enforce the existing laws on cybercrime, with 95 per cent of respondents reported inadequate training, resource constraints and a lack of access to specialized tools.

    Despite rising caseloads, most African member countries surveyed still lack essential IT infrastructure to combat cybercrime. Just 30 per cent of countries reported having an incident reporting system, 29 per cent a digital evidence repository and 19 per cent a cyberthreat intelligence database.

    While cybercrime routinely crosses national borders, 86 per cent of African member countries surveyed said their international cooperation capacity needs improvement due to slow, formal processes, a lack of operational networks, and limited access to platforms and foreign-hosted data.

    Cybercrime investigations increasingly rely on cooperation from private sector partners, yet 89 per cent of African countries said their cooperation with the private sector needed ‘significant’ or ‘some’ improvement due to unclear channels for engagement, low institutional readiness and other barriers.

    Strengthening cyber resilience

    Nevertheless, the INTERPOL report also details positive steps that many African member countries have made to strengthen their cyber resilience.

    Several African countries advanced their legal frameworks, harmonizing cybersecurity laws with international standards. Many countries also enhanced their cybercrime response capabilities, investing in specialized units and digital forensics infrastructure.

    This increased operational capacity was demonstrated in two high-impact international cybercrime operations coordinated by INTERPOL – Operation Serengeti and Operation Red Card – which collectively led to more than 1,000 arrests and the dismantling of hundreds of thousands of malicious networks.

    To further improve Africa’s cybercrime response capabilities, the INTERPOL report proposes six strategic recommendations, including improving regional and international cooperation, expanding prevention and public awareness, and leveraging emerging technologies.

    INTERPOL’s Africa Cyberthreat Assessment is part of the Organization’s African Joint Operation against Cybercrime (AFJOC) initiative, which is aimed at strengthening the capability of African law enforcement to prevent, detect, investigate and disrupt cybercrime. The AFJOC initiative is supported by the United Kingdom’s Foreign, Commonwealth and Development Office.

    In addition to information gathered from INTERPOL member countries in Africa, the Assessment benefits from data contributed by private sector partners Bi.Zone, Group-IB, Kaspersky and Trend Micro.

    Download the INTERPOL’s 2025 Africa Cyberthreat Assessment Report via the link below.

    MIL Security OSI

  • MIL-OSI China: Chinese AAA role-playing game eyes global release amid industry growth

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

    Riding the wave of global interest ignited by “Black Myth: Wukong,” another Chinese-developed AAA role-playing game, “WUCHANG: Fallen Feathers,” is now set to step onto the international stage.

    Developed by Chengdu Lingze Technology Co., Ltd. based in Chengdu, capital of southwest China’s Sichuan Province, “WUCHANG: Fallen Feathers” is set for global release on July 24. The game soared to the top of Steam’s China bestseller chart on its pre-order debut this April and ranked eighth worldwide, drawing significant attention from players around the globe.

    Set in a mythic world inspired by ancient Chinese legends, “WUCHANG: Fallen Feathers” invites players to step into the shoes of a lone female warrior, embarking on a journey through towering mountains, ancient temples and forgotten ruins, in a quest to uncover lost memories and hidden truths.

    The game draws heavily from the ancient Shu civilization, a prominent culture in southwest China known for its distinctive bronze masks and archaeological sites such as Sanxingdui, according to Guo Xinyi, CFO of Lingze Technology.

    To authentically bring this world to life, the development team at Lingze Technology conducted six years of extensive field research, including 3D scanning at dozens of cultural and historical sites — like the Anyue Stone Carvings and Taoping Village in the Aba Tibetan and Qiang Autonomous Prefecture. The result is a vivid recreation of these ancient landmarks within the game.

    Drawing inspiration from classical texts such as “The Classic of Mountains and Seas,” the developers also integrated regional myths and local legends to craft a unique and immersive cultural atmosphere.

    The developers view the project as a fusion of gameplay and cultural narrative, ensuring it is both captivating and firmly grounded in Chinese tradition.

    “We wanted to make a game that is, above all, fun to play,” said Xia Siyuan, CTO and game producer at Lingze Technology. “We believe that only when players truly enjoy the game will they be motivated to explore the cultural stories behind it.”

    “The ancient Shu civilization was a natural foundation for us to build this world upon,” Xia added. “We want the world to see that Chinese culture is full of creative potential.”

    “WUCHANG: Fallen Feathers” is set to launch on major global platforms, including Steam, Epic Games Store, PlayStation 5 and Xbox, the studio said. Industry insiders see the game as a potential milestone in China’s push to expand its footprint in the global AAA gaming market.

    AAA games, typically defined as requiring a lot of money, a lot of time and a lot of resources, are high-cost, high-quality, large-scale single-player titles. The market has long been dominated by developers from countries such as Japan, the United States and France.

    The upcoming release of “WUCHANG: Fallen Feathers” is part of a broader trend toward diversification and rising quality in China’s gaming industry. Other highly anticipated Chinese titles include “Showa American Story,” “Lost Soul Aside” and upcoming downloadable content for “Black Myth: Wukong.”

    China is the world’s largest gaming market, with domestic sales revenue surpassing 325 billion yuan (about 45.3 billion U.S. dollars) in 2024. Also, the 2024 China gaming industry report showed that China had 674 million gamers, while domestically developed games achieved overseas sales of 18.56 billion dollars last year, indicating the increasing international influence of Chinese games. 

    MIL OSI China News

  • MIL-OSI China: Wang caps ‘dream week’ in Berlin with breakthrough

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

    Despite a hard-fought loss in her first-ever WTA Tour singles final, China’s Wang Xinyu is leaving Berlin with a career-best result and a “dream week” to build on.

    In a grueling three-set final, Wang was edged out by former Wimbledon champion Marketa Vondrousova, 7-6 (10), 4-6, 6-2 in the WTA 500 Berlin Open final on Sunday, but the 23-year-old delivered a career-best performance on grass and signaled her growing presence among the game’s elites.

    Wang Xinyu capped off a milestone week at the WTA 500 Berlin Open with a runner-up finish on Sunday, following a fierce three-set battle against former Wimbledon champion Marketa Vondrousova.

    “This week has been a dream for me. I’ve been playing unbelievable tennis here,” Wang said.

    It marked Wang’s first appearance in a tour-level singles championship match after six previous attempts ended in the semifinal stage.

    The journey to the final was a story of resilience and giant-killing upsets.

    After navigating two rounds of qualifying, the Chinese ousted world No. 16 Daria Kasatkina in the first round, then stunned newly-crowned French Open champion and world No. 2 Coco Gauff 6-3, 6-3 for her first career victory against a top-two player.

    In the quarterfinals, Wang took the first set 6-1 before Paula Badosa was forced to retire due to injury. Wang’s subsequent 6-4, 6-1 win over Liudmila Samsonova in the semifinals marked her fourth consecutive victory over a top-20 opponent this week.

    But Wang’s week almost ended before it truly began.

    Behind this string of victories was a moment of doubt that almost sent her home. Wang revealed that her team had to practically force her to continue playing during that first qualifying match.

    “Coming to this match [the semifinal], and coming to every match here I wasn’t expecting anything. For me, it’s really just to enjoy the stage. They [My team] literally pushed me back out there [in the first qualifying round]. I was walking towards the net, thinking, ‘That’s it, it’s not my day,’ but they said, ‘No, no, no, get back out there and play!’” Wang said.

    She got back out there, and reeled off six straight wins.

    “Enjoy the match” became her mantra throughout the week. Even after the final loss, Wang was quick to focus on the positives she had built.

    “People might focus more on the parts of the match where you didn’t play well, and you remember the tough losses,” Wang reflected. “But I have to remind myself to remember the great shots I played this week, to focus on the positive aspects, and to enjoy the upcoming tournaments.”

    This resilient mindset isn’t new.

    At the 2024 Paris Olympics, Wang and her mixed doubles partner Zhang Zhizhen made a surprise run to the final. The Chinese mixed doubles pair lost a nailbiter 6-2, 5-7, 10-8 to the Czech Republic’s Tomas Machac and nine-time Grand Slam doubles winner and Tokyo women’s doubles gold medalist Katerina Siniakova.

    A day later, Wang had already come to terms with the result.

    “We had many opportunities to take the lead, and we did our best in those moments. Of course, there are some regrets,” she said at the time. “But looking back, I think we need to give ourselves more encouragement and affirmation.”

    It is this calm nature that allows Wang to take wins and losses in stride.

    In her own words, it’s a simple philosophy that keeps her moving forward –“If you lose a match, there’s always a new opportunity next week to go chase a victory.”

    MIL OSI China News

  • Airlines weigh Middle East cancellations after US strikes in Iran

    Source: Government of India

    Source: Government of India (4)

    Commercial airlines around the world on Monday were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the U.S. attacked key Iranian nuclear sites and Tehran vowed to defend itself.

    The usually busy airspace stretching from Iran and Iraq to the Mediterranean has been largely empty of commercial air traffic for 10 days since Israel began strikes on Iran on June 13, as airlines divert, cancel and delay flights through the region due to airspace closures and safety concerns.

    New cancellations of some flights by international carriers in recent days to usually resilient aviation hubs like Dubai, the world’s busiest international airport, and Qatar’s Doha, show how aviation industry concerns about the region have escalated.
    However, some international airlines were resuming services on Monday.

    Leading Asian carrier Singapore Airlines, which described the situation as “fluid”, was set to resume flying to Dubai on Monday after cancelling its Sunday flight from Singapore.

    Similarly, Flightradar24 departure boards show British Airways, owned by IAG, was set to resume Dubai and Doha flights on Monday after cancelling routes to and from those airports on Sunday.

    Air France KLM cancelled flights to and from Dubai and Riyadh on Sunday and Monday.

    With Russian and Ukrainian airspace also closed to most airlines due to years of war, the Middle East had become a more important route for flights between Europe and Asia. Amid missile and air strikes during the past 10 days, airlines have routed north via the Caspian Sea or south via Egypt and Saudi Arabia.

    Added to increased fuel and crew costs from these long detours and cancellations, carriers also face a potential hike in jet fuel costs as oil prices rise following the U.S. attacks.

    AIRSPACE RISKS

    Proliferating conflict zones are an increasing operational burden on airlines, as aerial attacks raise worries about accidental or deliberate shoot-downs of commercial air traffic.

    Location spoofing and GPS interference around political hotspots, where ground-based GPS systems broadcast incorrect positions which can send commercial airliners off course, are also a growing issue for commercial aviation.

    Flightradar24 told Reuters it had seen a “dramatic increase” in jamming and spoofing in recent days over the Persian Gulf. SkAI, a Swiss company that runs a GPS disruption map, late on Sunday said it had observed more than 150 aircraft spoofed in 24 hours there.

    Safe Airspace, a website run by OPSGROUP, a membership-based organisation that shares flight risk information, noted on Sunday that U.S. attacks on Iran’s nuclear sites could heighten the threat to American operators in the region.

    This could raise additional airspace risks in Gulf states like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, it said.

    In the days before the U.S. strikes, American Airlines suspended flights to Qatar, and United Airlines and Air Canada did the same with flights to Dubai. They have yet to resume.

    While international airlines are shying away from the region, local carriers in Jordan, Lebanon and Iraq are tentatively resuming some flights after widespread cancellations.

    Israel is ramping up flights to help people return home, and leave. The country’s Airports Authority says that so-called rescue flights to the country would expand on Monday with 24 a day, although each flight would be limited to 50 passengers.

    From Monday, Israeli airlines will start to operate outbound flights from Israel, the authority said.

    Israeli airline El Al on Sunday said it had received applications to leave the country from about 25,000 people in about a day.

    (Reuters)

  • US strikes on Iran leave hopes for nuclear diplomacy in tatters

    Source: Government of India

    Source: Government of India (4)

    Iran, Israel, United States, Donald Trump, missile strikes, nuclear sites,Iran, Israel, United States, Donald Trump, missile strikes, nuclear sites,In a bid to defuse the conflict over Iran’s nuclear program, foreign ministers from Europe’s top three powers hurried to meet their Iranian counterpart on Friday in Geneva.

    Those hopes collapsed on Saturday when U.S. President Donald Trump ordered airstrikes on Iran’s three main nuclear sites, in support of Israel’s military campaign.

    “It’s irrelevant to ask Iran to return to diplomacy,” Iran’s foreign minister Abbas Araqchi, visibly angry, told reporters in Istanbul on Sunday, promising a “response” to the U.S. strikes. “It’s not time for diplomacy now.”

    Trump, who said the U.S. airstrikes “obliterated” the sites, warned in a televised speech on Saturday the U.S. could attack other targets in Iran if no peace deal was reached and urged Tehran to return to the negotiating table.

    Reuters spoke to seven Western diplomats and analysts who said the prospect of negotiations was negligible for now, with an unbridgeable gap between Washington’s demand for zero enrichment by Iran and Tehran’s refusal to abandon its nuclear program.

    “I think the prospects of effective diplomacy at this point are slim to none,” said James Acton, co-director of the Nuclear Policy Program at the Carnegie Endowment for International Peace, a think tank headquartered in Washington.

    “I’m much more worried about escalation, both in the short and the long term.”

    According to European diplomats, the three European allies – Britain, France and Germany – were not made aware of Trump’s decision to strike Iran ahead of time. French President Emmanuel Macron had promised on Saturday – just before the U.S. strikes – to accelerate the nuclear talks, following a call with his Iranian counterpart.

    One European diplomat, who asked not to be identified, acknowledged there was now no way of holding a planned second meeting with Iran in the coming week.

    In the wake of the U.S. military action, any European diplomatic role appears likely to be secondary. Trump on Friday dismissed Europe’s efforts towards resolving the crisis, saying Iran only wanted to speak to the United States.

    Three diplomats and analysts said any future talks between Iran and Washington would likely be through regional intermediaries Oman and Qatar, once Tehran decides how to respond to the U.S. airstrikes on its nuclear sites at Fordow, Natanz and Isfahan.

    The attacks leave Iran with few palatable options on the table. Since Israel began its military campaign against Iran on June 13, some in Tehran have raised the prospect of withdrawing from the Nuclear Non-Proliferation Treaty (NPT) to signal Iran’s determination to accelerate enrichment, but experts say that would represent a considerable escalation and likely draw a forceful response from Washington.

    Acton, of the Carnegie Endowment, said Iran’s most obvious means for retaliation is its short-range ballistic missiles, that could be used to target U.S. forces and assets in the region. But any military response by Iran carried the risk of miscalculation, he said.

    “On the one hand, they want a strong enough response that they feel the U.S. has actually paid a price. On the other hand, they don’t want to encourage further escalation,” he said.

    EUROPEAN EFFORT ENDED IN FAILURE

    Even before the U.S. strikes, Friday’s talks in Geneva showed little sign of progress amid a chasm between the two sides and in the end no detailed proposals were put forward, three diplomats said. Mixed messaging may have also undermined their own efforts, diplomats said.

    European positions on key issues like Iran’s enrichment program have hardened in the past 10 days with the Israeli strikes and the looming threat of U.S. bombing.

    The three European powers, known as the E3, were parties to a 2015 nuclear deal that Trump abandoned three years later during his first term.

    Both the Europeans and Tehran believed they had a better understanding of how to get a realistic deal given the E3 have been dealing with Iran’s nuclear programme since 2003.

    But the Europeans have had a difficult relationship with Iran in recent months as they sought to pressure it over its ballistic missiles programme, support for Russia and detention of European citizens.

    France, which was the keenest to pursue negotiations, has in the last few days suggested Iran should move towards zero enrichment, which until now was not an E3 demand given Iran’s red line on the issue, two European diplomats said.

    Britain has also adopted a tougher stance more in tune with Washington and that was expressed in Geneva, the diplomats said. And Germany’s new government appeared to go in the same direction, although it was more nuanced.

    “Iran has to accept zero enrichment eventually,” said one EU official.

    A senior Iranian official on Saturday showed disappointment at the Europeans’ new stance, saying their demands were “unrealistic”, without providing further details.

    In a brief joint statement on Sunday, which acknowledged the U.S. strikes, the European countries said they would continue their diplomatic efforts.

    “We call upon Iran to engage in negotiations leading to an agreement that addresses all concerns associated with its nuclear program,” it said, adding the Europeans stood ready to contribute “in coordination with all parties”.

    David Khalfa, co-founder of the Atlantic Middle East Forum, a Paris-based think tank, said Supreme Leader Ali Khamenei’s government had taken advantage of the Europeans for years to gain time as it developed its nuclear program and ballistic missile capabilities.

    “The European attempt ended in failure,” he said.
    However, the Europeans still have one important card to play. They are the only ones who, as party to the nuclear accord, can launch its so-called “snapback mechanism”, which would reimpose all previous UN sanctions on Iran if it is found to be in violation of the agreement’s terms.

    Diplomats said, prior to the U.S. strikes, the three countries had discussed an end-August deadline to activate it as part of a ‘maximum pressure’ campaign on Tehran.

    “MULTIPLE CHANNELS” FOR U.S. TALKS

    In total, the U.S. launched 75 precision-guided munitions, including more than two dozen Tomahawk missiles, and more than 125 military aircraft in the operation against the three nuclear sites, U.S. officials said.

    US Defense Secretary Pete Hegseth on Sunday warned Iran against retaliation and said both public and private messages had been sent to Iran “in multiple channels, giving them every opportunity to come to the table.”

    Five previous rounds of indirect negotiations between the United States and Iran collapsed after a U.S. proposal at the end of May called for Iran to abandon uranium enrichment. It was rejected by Tehran, leading to Israel launching its attack on Iran after Trump’s 60-day deadline for talks had expired.

    Iran has repeatedly said from then on that it would not negotiate while at war.

    Even after Israel struck, Washington reached out to Iran to resume negotiations, including offering a meeting between the Trump and Iranian President Masoud Pezeshkian in Istanbul, according to two European diplomats and an Iranian official.

    That was rebuffed by Iran, but Araqchi did continue direct contacts with US Special envoy Steve Witkoff, three diplomats told Reuters.

    One of the challenges in engaging with Iran, experts say, is that no-one can be sure of the extent of the damage to its nuclear program. With the IAEA severely restricted in its access to Iranian sites, it is unclear whether Tehran has hidden enrichment facilities.

    A senior Iranian source told Reuters on Sunday most of the highly enriched uranium at Fordow, the site producing the bulk of Iran’s uranium refined to up to 60%, had been moved to an undisclosed location before the U.S. attack there.

    Acton, of the Carnegie Endowment, said that – putting aside from the damage to its physical installations – Iran had thousands of scientists and technicians involved in the enrichment program, most of whom had survived the U.S. and Israeli attacks.
    “You can’t bomb knowledge,” said Acton.

    (Reuters)

  • US strikes on Iran leave hopes for nuclear diplomacy in tatters

    Source: Government of India

    Source: Government of India (4)

    Iran, Israel, United States, Donald Trump, missile strikes, nuclear sites,Iran, Israel, United States, Donald Trump, missile strikes, nuclear sites,In a bid to defuse the conflict over Iran’s nuclear program, foreign ministers from Europe’s top three powers hurried to meet their Iranian counterpart on Friday in Geneva.

    Those hopes collapsed on Saturday when U.S. President Donald Trump ordered airstrikes on Iran’s three main nuclear sites, in support of Israel’s military campaign.

    “It’s irrelevant to ask Iran to return to diplomacy,” Iran’s foreign minister Abbas Araqchi, visibly angry, told reporters in Istanbul on Sunday, promising a “response” to the U.S. strikes. “It’s not time for diplomacy now.”

    Trump, who said the U.S. airstrikes “obliterated” the sites, warned in a televised speech on Saturday the U.S. could attack other targets in Iran if no peace deal was reached and urged Tehran to return to the negotiating table.

    Reuters spoke to seven Western diplomats and analysts who said the prospect of negotiations was negligible for now, with an unbridgeable gap between Washington’s demand for zero enrichment by Iran and Tehran’s refusal to abandon its nuclear program.

    “I think the prospects of effective diplomacy at this point are slim to none,” said James Acton, co-director of the Nuclear Policy Program at the Carnegie Endowment for International Peace, a think tank headquartered in Washington.

    “I’m much more worried about escalation, both in the short and the long term.”

    According to European diplomats, the three European allies – Britain, France and Germany – were not made aware of Trump’s decision to strike Iran ahead of time. French President Emmanuel Macron had promised on Saturday – just before the U.S. strikes – to accelerate the nuclear talks, following a call with his Iranian counterpart.

    One European diplomat, who asked not to be identified, acknowledged there was now no way of holding a planned second meeting with Iran in the coming week.

    In the wake of the U.S. military action, any European diplomatic role appears likely to be secondary. Trump on Friday dismissed Europe’s efforts towards resolving the crisis, saying Iran only wanted to speak to the United States.

    Three diplomats and analysts said any future talks between Iran and Washington would likely be through regional intermediaries Oman and Qatar, once Tehran decides how to respond to the U.S. airstrikes on its nuclear sites at Fordow, Natanz and Isfahan.

    The attacks leave Iran with few palatable options on the table. Since Israel began its military campaign against Iran on June 13, some in Tehran have raised the prospect of withdrawing from the Nuclear Non-Proliferation Treaty (NPT) to signal Iran’s determination to accelerate enrichment, but experts say that would represent a considerable escalation and likely draw a forceful response from Washington.

    Acton, of the Carnegie Endowment, said Iran’s most obvious means for retaliation is its short-range ballistic missiles, that could be used to target U.S. forces and assets in the region. But any military response by Iran carried the risk of miscalculation, he said.

    “On the one hand, they want a strong enough response that they feel the U.S. has actually paid a price. On the other hand, they don’t want to encourage further escalation,” he said.

    EUROPEAN EFFORT ENDED IN FAILURE

    Even before the U.S. strikes, Friday’s talks in Geneva showed little sign of progress amid a chasm between the two sides and in the end no detailed proposals were put forward, three diplomats said. Mixed messaging may have also undermined their own efforts, diplomats said.

    European positions on key issues like Iran’s enrichment program have hardened in the past 10 days with the Israeli strikes and the looming threat of U.S. bombing.

    The three European powers, known as the E3, were parties to a 2015 nuclear deal that Trump abandoned three years later during his first term.

    Both the Europeans and Tehran believed they had a better understanding of how to get a realistic deal given the E3 have been dealing with Iran’s nuclear programme since 2003.

    But the Europeans have had a difficult relationship with Iran in recent months as they sought to pressure it over its ballistic missiles programme, support for Russia and detention of European citizens.

    France, which was the keenest to pursue negotiations, has in the last few days suggested Iran should move towards zero enrichment, which until now was not an E3 demand given Iran’s red line on the issue, two European diplomats said.

    Britain has also adopted a tougher stance more in tune with Washington and that was expressed in Geneva, the diplomats said. And Germany’s new government appeared to go in the same direction, although it was more nuanced.

    “Iran has to accept zero enrichment eventually,” said one EU official.

    A senior Iranian official on Saturday showed disappointment at the Europeans’ new stance, saying their demands were “unrealistic”, without providing further details.

    In a brief joint statement on Sunday, which acknowledged the U.S. strikes, the European countries said they would continue their diplomatic efforts.

    “We call upon Iran to engage in negotiations leading to an agreement that addresses all concerns associated with its nuclear program,” it said, adding the Europeans stood ready to contribute “in coordination with all parties”.

    David Khalfa, co-founder of the Atlantic Middle East Forum, a Paris-based think tank, said Supreme Leader Ali Khamenei’s government had taken advantage of the Europeans for years to gain time as it developed its nuclear program and ballistic missile capabilities.

    “The European attempt ended in failure,” he said.
    However, the Europeans still have one important card to play. They are the only ones who, as party to the nuclear accord, can launch its so-called “snapback mechanism”, which would reimpose all previous UN sanctions on Iran if it is found to be in violation of the agreement’s terms.

    Diplomats said, prior to the U.S. strikes, the three countries had discussed an end-August deadline to activate it as part of a ‘maximum pressure’ campaign on Tehran.

    “MULTIPLE CHANNELS” FOR U.S. TALKS

    In total, the U.S. launched 75 precision-guided munitions, including more than two dozen Tomahawk missiles, and more than 125 military aircraft in the operation against the three nuclear sites, U.S. officials said.

    US Defense Secretary Pete Hegseth on Sunday warned Iran against retaliation and said both public and private messages had been sent to Iran “in multiple channels, giving them every opportunity to come to the table.”

    Five previous rounds of indirect negotiations between the United States and Iran collapsed after a U.S. proposal at the end of May called for Iran to abandon uranium enrichment. It was rejected by Tehran, leading to Israel launching its attack on Iran after Trump’s 60-day deadline for talks had expired.

    Iran has repeatedly said from then on that it would not negotiate while at war.

    Even after Israel struck, Washington reached out to Iran to resume negotiations, including offering a meeting between the Trump and Iranian President Masoud Pezeshkian in Istanbul, according to two European diplomats and an Iranian official.

    That was rebuffed by Iran, but Araqchi did continue direct contacts with US Special envoy Steve Witkoff, three diplomats told Reuters.

    One of the challenges in engaging with Iran, experts say, is that no-one can be sure of the extent of the damage to its nuclear program. With the IAEA severely restricted in its access to Iranian sites, it is unclear whether Tehran has hidden enrichment facilities.

    A senior Iranian source told Reuters on Sunday most of the highly enriched uranium at Fordow, the site producing the bulk of Iran’s uranium refined to up to 60%, had been moved to an undisclosed location before the U.S. attack there.

    Acton, of the Carnegie Endowment, said that – putting aside from the damage to its physical installations – Iran had thousands of scientists and technicians involved in the enrichment program, most of whom had survived the U.S. and Israeli attacks.
    “You can’t bomb knowledge,” said Acton.

    (Reuters)

  • MIL-OSI China: National Geographic screens heartfelt ‘Blink’ at Shanghai film fest

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

    National Geographic hosted a special screening of its documentary “Blink” on June 20 during the 27th Shanghai International Film Festival, with an executive outlining the brand’s vision for the Chinese market.

    A still from “Blink.” [Photo courtesy of National Geographic]

    Directed by Edmund Stenson and Daniel Roher, “Blink” follows French Canadian couple Edith Lemay and Sebastien Pelletier and their four children — Mia, Leo, Colin and Laurent — after three of the siblings are diagnosed with retinitis pigmentosa, a rare, incurable disease that causes vision loss. To help their children preserve a lifetime of visual memories, the family embarks on a yearlong bucket-list journey across 24 countries, ranging from Botswana and Mongolia to the United States.

    Minimizing air travel and choosing local stays, the family’s adventure includes hot air balloon rides, mountain sunrises and even sipping juice atop a camel. Despite facing an uncertain future, their trip overflows with love, emotional moments, healing and awe — showing that true brightness shines from the memories built on love and hope.

    At its core, “Blink” is a testament to resilience, human connection and living in the moment. The film also raises awareness of retinitis pigmentosa and offers a rare onscreen look at life with visual impairment.

    The Shanghai screening presented the film on the big screen to highlight its bold storytelling and National Geographic’s emphasis on fresh perspectives, Wang Yan, director of branded content at National Geographic, said.

    She added that the event aimed to inspire audiences, echoing the brand’s core message that the spirit of adventure is not just about distant places but also about finding beauty in everyday life through curiosity and kindness.

    “Blink” will have additional screenings during the Shanghai International Film Festival and has received a wave of positive feedback and rave reviews from audiences and critics.

    “This screening is not just about showcasing a film; it is National Geographic’s contemporary interpretation of the spirit of adventure,” Wang said. “We encourage everyone to become a ‘life adventurer’ — to see, discover, cherish, remember and ultimately protect the beauty of our planet.”

    Looking ahead, she said National Geographic will continue to use its lens as a bridge between the distant and the familiar, striving to balance adventure and healing as it opens a new chapter in exploration.

    Wang also outlined National Geographic’s brand strategy. She noted that since its founding in 1888, more than 137 years ago, National Geographic has been dedicated to expanding the boundaries of human knowledge. The organization has documented major scientific milestones, such as early 20th-century expeditions to the Arctic and the rediscovery of the Inca citadel Machu Picchu. 

    Today, as a globally influential documentary entertainment brand, National Geographic aims to continue connecting people and the world through high-quality content in China, awakening a sense of responsibility for the Earth and inspiring curiosity, Wang said.

    Wang Yan, director of branded content at National Geographic, speaks at a screening of “Blink” during the 27th Shanghai International Film Festival, June 20, 2025. [Photo courtesy of National Geographic]

    Wang said National Geographic has consistently collaborated with top documentary creators worldwide. In the past two years, acclaimed theatrical releases such as “Fire of Love” and “Jane” have been introduced in China. The brand has also co-produced hundreds of hours of China-themed content with local partners.

    Documentaries including “Extreme China” and “Ancient China from Above” have been released on National Geographic’s global platforms. Nearly 1,600 hours of original overseas content have also been made available on major domestic streaming platforms such as iQiyi, Bilibili, Tencent Video and Youku, with new shows like “Underdogs” planned for the future.

    Additionally, National Geographic’s outdoor clothing brand entered the Chinese mainland market in 2023, offering products designed for both city life and outdoor activities.

    MIL OSI China News

  • MIL-OSI China: Iranian president warns US of retaliation after strikes on nuclear sites

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

    Iranian President Masoud Pezeshkian attends a press conference in Tehran, Iran, on Sept. 16, 2024. [Photo/Xinhua]

    Iranian President Masoud Pezeshkian said on Sunday that the United States must “receive the response to its aggression,” following U.S. strikes on Iranian nuclear facilities.

    Pezeshkian made the remarks during a phone call with French President Emmanuel Macron, according to a statement from his office. In response to Macron’s call for restraint, Pezeshkian said the United States must face consequences for its attacks on Iran.

    He described the U.S. strikes as a “clear symbol of its insincerity and the baselessness of its claims about favoring dialogue and seeking peace.”

    Despite this, Pezeshkian stressed Iran’s continued commitment to diplomacy with Europe, saying, “We have always announced our readiness for dialogue and interaction with Europe and have never abandoned the path of diplomacy, as we maintain that nobody would suffer any harm from dialogue.”

    Macron reiterated France’s willingness to pursue negotiations with Iran and said Paris would continue efforts to halt the conflict and restore stability, according to the statement.

    U.S. President Donald Trump on Saturday announced on Truth Social that American forces had completed strikes on three Iranian nuclear sites, namely Fordow, Natanz, and Isfahan.

    The U.S. strikes followed Israeli attacks launched since June 13 on various targets in Iran, including nuclear and military sites, killing several senior commanders, nuclear scientists, and civilians.

    Iran has retaliated with missile and drone strikes on Israel. As of Saturday, more than 400 people have been killed and over 3,500 wounded in Iran, according to the Iranian Health Ministry. In Israel, authorities reported 24 fatalities. 

    MIL OSI China News

  • MIL-OSI China: China’s Wang Xinyu reaches WTA singles final with stunning run in Berlin

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

    China’s Wang Xinyu continued her sensational form on grass courts, storming into her first-ever WTA Tour singles final with a straight-sets victory over world No. 20 Liudmila Samsonova in the semifinals of the WTA 500 Berlin Open on Saturday.

    The 23-year-old battled through early nerves in the opening set, exchanging breaks with Samsonova before steadying herself under pressure. After being broken mid-set, Wang responded immediately with a break of her own and went on to take the first set 6-4.

    Carrying that momentum into the second set, Wang dominated with aggressive returns and consistent baseline play. Samsonova, plagued by unforced errors, was unable to mount a comeback, and Wang closed out the match convincingly with a 6-1 win.

    “This week has been a dream for me. I’ve been playing unbelievable tennis here,” Wang said in her on-court interview. “Coming into every match here, I wasn’t expecting anything. For me, it was really just to enjoy the stage.”

    Wang’s breakthrough performance has been one of the standout stories of the grass-court season. After navigating two rounds of qualifying, Wang ousted world No. 16 Daria Kasatkina in the first round, then stunned newly-crowned French Open champion and world No. 2 Coco Gauff 6-3, 6-3 for her first career victory against a top-two player.

    In the quarterfinals, Wang took the first set 6-1 before Paula Badosa was forced to retire due to injury. Her win over Samsonova marked her fourth consecutive victory over a top-20 opponent this week, underlining her rise on the WTA Tour and establishing a new personal best on grass.

    Wang will face 2023 Wimbledon champion Marketa Vondrousova in Sunday’s final, who earlier defeated world No. 1 Aryna Sabalenka in the other semifinal.

    MIL OSI China News

  • MIL-OSI China: Alcaraz holds off Lehecka for Queen’s Club crown

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

    Top seed Carlos Alcaraz defeated Czech hopeful Jiri Lehecka 7-5, 6-7(5), 6-2 to claim the title at the Queen’s Club Championships on Sunday.

    Winner Carlos Alcaraz and runner-up Jiri Lehecka pose during the awarding ceremony for the men’s singles final between Carlos Alcaraz of Spain and Jiri Lehecka of the Czech Republic at the Queen’s Club Championships in London, Britain, on June 22, 2025. (Photo by Stephen Chung/Xinhua)

    Alcaraz, who also won the grass-court ATP 500 event in 2023, admitted he didn’t expect to lift the trophy this time, having only practiced on grass for two days after taking time off following his successful French Open title defense earlier this month.

    The 22-year-old Spaniard was tested by Lehecka, dropping the second set, but gained the upper hand during key moments in the decider.

    “I came here with no expectations at all. I just came here with a goal to play two, three matches, try to feel great on grass and give myself the feedback of what I have to improve, what I have to better,” said the five-time Grand Slam winner, who will soon begin his Wimbledon title defense.

    “I just got used to the grass really quick, and I’m really proud about it,” added the world No. 2.

    Lehecka, ranked No. 30, stunned fifth-seeded Australian Alex de Minaur in the opening round and eliminated home favorite Jack Draper in the semifinals.

    “I’m super happy I had the chance today to fight for a title,” the 23-year-old said during the on-court interview. “I gave everything I had today but unfortunately it wasn’t enough but it’s always great to be back in Queen’s.”

    MIL OSI China News

  • MIL-OSI Russia: SPbU and RT agree on cooperation | Saint Petersburg State University

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University – Saint Petersburg State University –

    The cooperation includes a wide range of joint activities: from organizing internships and professional training for students within the framework of an educational project RT Schoolbefore university students participate in international programs.

    Employment in the information and communications sector has grown by 20% in five years

    “St. Petersburg University always strives to find advanced solutions in a variety of areas. We are ready to build an effective modern system of interaction between education and media, and contribute to the development of the Russian media industry. Particular attention in this work will be paid to the training of highly qualified specialists who will become the future of the Russian media sphere. I am confident that together we will create a powerful platform for the exchange of experience, knowledge and innovative solutions,” said St. Petersburg University Rector Nikolay Kropachev.

    At St. Petersburg University, journalism students gain unique practical skills at the St. Petersburg University Media Center, where they can take part in preparing news stories about the life of the University, realize their creative potential at the art and radio editorial offices, and create their own original projects.

    “For RT, developing the young generation of specialists is a priority task. We are convinced that the future depends on the professionalism and fresh ideas of those who are just starting their journey today. Therefore, cooperation with such an authoritative educational institution as St. Petersburg State University is of great importance to us. The signing of this agreement is a significant step in the development of our educational project “RT School”. This partnership will provide students of St. Petersburg State University with a unique opportunity to acquire practical skills and learn from world-famous professionals working for RT, and will also become fertile ground for cultivating new talents in the media,” said Vera Kharina, General Director of ANO TV-Novosti.

    Guided by the desire for comprehensive development of partnerships, the University and the organization have agreed to mutually study the experience and improve the qualifications of the company’s specialists at the University. It is also planned to jointly develop and implement priority areas of activity of the parties, create common information resources, publications, audio and video materials dedicated to various areas of activity of St. Petersburg State University.

    The RT international television network includes news channels in English, Arabic, Spanish, German, Serbian and French, and the RTD documentary channel in Russian and English. The network also includes online portals in eight languages and the global multimedia agency Ruptly, which offers exclusive content to television channels around the world. RT is present in Chinese on popular Chinese social networks, as well as on social networks in Hindi. RT is available 24 hours a day to over 900 million viewers in more than 100 countries.

    The parties also agreed on cooperation in the field of information coverage of the University’s international projects, language teaching, including rare African languages such as Xhosa, the implementation of educational programs in the field of artificial intelligence, work on the creation of an explanatory dictionary of the state language of the Russian Federation, support for SVO participants and their children, including the organization of training in additional educational programs, the activities of the University’s representative offices abroad, the development of the SPbU online school and the promotion of advanced scientific developments in current areas of research.

    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.

    MIL OSI Russia News