Category: France

  • MIL-OSI Asia-Pac: President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements

    Source: Republic of China Taiwan

    Details
    2025-06-03
    President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
    President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-05-29
    President Lai attends 2025 Europe Day Dinner
    On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

    Details
    2025-05-28
    President Lai meets US delegation led by Senator Tammy Duckworth
    On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

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

    MIL OSI Asia Pacific News

  • MIL-OSI: The Netherlands and the UK among the simplest countries for doing business in Europe, says GBCI 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 04, 2025 (GLOBE NEWSWIRE) — Greece, France, Italy and Turkey are the most complex jurisdictions to do business in the region, according to the 2025 Global Business Complexity Index (GBCI) recently launched by TMF Group.

    The GBCI studies over 250 indicators of complexity in 79 jurisdictions that represent 94% of the world’s GDP. The report has consistently shown that countries in Southern Europe and Latin America are the most complex for doing business, and that continues to be true in 2025. At the other end of the scale, the least complex places to do business tend to be in Northern Europe and several of the offshore investment hubs.

    The report notes that complexity is relatively straightforward to navigate, at least for larger multinationals able to absorb the cost of complying with local rules. What is much harder to deal with is uncertainty. US-led sanctions, lockdowns in China and the Suez blockage had already begun a shift towards more diversified supply chains, with companies seeking to reduce their reliance on single countries for sourcing, building or selling their products. A part of that solution noted in last year’s report was the rise of connector economies like Mexico and Vietnam, bridging trade between China and the US in the so-called ‘China plus one’ strategy. That strategy has now fallen foul of US tariffs, set to reflect a country’s trade surplus in goods with the US and so punishing countries with connector status.

    Even if tariffs abate, their launch and rapid shifts point to an underlying risk for companies trading from countries with a high US trade surplus. The report notes a drop in confidence in stability, with the majority of jurisdictions (55%) reporting prioritisation of trade corridor diversity. It identifies a number of countries that might now emerge as the new connectors — with low levels of complexity pointing to business-friendly rules, a low US trade surplus pointing to less likely retaliatory action, a reasonable size and sophistication of economy to support a variety of activity at scale and absorb investment without tipping heavily into US trade surplus, and a multipolar stance that should allow them to trade across different blocs. Those countries include the UK and the Netherlands in Europe, Egypt and Saudi Arabia in the Middle East, and Australia and Hong Kong in Asia Pacific.

    TMF Group’s CEO Mark Weil, said:

    “The real challenge for businesses today isn’t complexity, it’s uncertainty. With rising trade tensions, a shifting geopolitical landscape and economic unpredictability, companies are forced to make decisions in an environment that can change overnight. Tariffs are just the latest signal of the risks of supply chain concentration. Diversification is a necessity in this context. The good news is that businesses can offset some of the complexities of diversification by reducing their own internal intricacies. Our benchmarking reveals stark differences in structural complexity among similar firms. We see an opportunity here: by simplifying their structures and support models — for example, by having fewer legal entities and a few trusted global partners — businesses can gain flexibility.”

    Top and bottom ten (1= most complex, 79= least complex) 
    1. Greece  79. Cayman Islands 
    2. France  78. Denmark 
    3. Mexico  77. New Zealand 
    4. Turkey  76. Hong Kong, SAR 
    5. Colombia  75. Jersey 
    6. Brazil  74. Netherlands 
    7. Italy  73. Jamaica 
    8. Bolivia  72. British Virgin Islands 
    9. Kazakhstan  71. Curaçao 
    10. China  70. Czech Republic 
       

    Media Contacts
    Marina Llibre Martín
    marina.llibremartin@tmf-group.com

    The MIL Network

  • MIL-OSI: Nokia to lead PROACTIF, a multimillion Europe robotics and unmanned technology project

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia to lead PROACTIF, a multimillion Europe robotics and unmanned technology project 

    • The venture is projected to generate around €90 million in revenue by 2035.
    • The consortium brings together 42 leading European technology companies from 13 countries to redefine how emergency situations and critical infrastructure are managed.

    4 June 2025
    Espoo, Finland – Nokia has been selected to lead PROACTIF, a project funded by the European Union’s Chips Joint Undertaking. The project aims to strengthen Europe’s technology resilience and leadership in ECS technologies and support the autonomy of the European Drone and Robotics industry.

    The consortium anticipates generating around €90 million in revenue, 50 products, and more than 15 new industry patents by 2035, enabling increased market share and leadership. The project’s additional impact includes dozens of new collaborations, hundreds of new jobs, and over €40 million of additional investments.

    “Nokia’s extensive expertise has helped establish drone technology best practices and transform drones into daily helpers for public safety and mission-critical operations. We are honored to lead this project. It demonstrates Nokia’s commitment to fostering innovation and resilience across Europe. By collaborating with leading organizations, this initiative will address critical challenges in security and sustainability, delivering real-world benefits for society,” said Thomas Eder, Head of Embedded Wireless Solutions, Nokia.

    The PROACTIF consortium brings together 42 partners and four affiliates from 13 countries with a focus on critical infrastructure surveillance and emergency management in Europe. Under Nokia’s leadership, the groundbreaking venture will redefine how emergency situations and critical infrastructure are managed in Europe. It will unite academic institutions, SMEs, and industry leaders to develop cutting-edge, cost-efficient, eco-efficient, safe, and cybersecure unmanned vehicle (UxV) systems to address European civil security needs.

    The project will develop nine advanced technology building blocks and five state-of-the-art UxV platforms, emphasizing interoperability, autonomy and rapid deployment to meet Europe’s societal and market needs. The use of UxV technologies enables a more holistic understanding of an incident’s location and severity, as well as comprehensive situational awareness, through frequent and efficient sensor data gathering.

    Multimedia, technical information and related news 
    Web Page: Nokia Drone Networks

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    PROACTIF PARTNERS
    PROACTIF brings together notable partners across Europe including : Acorde Technologies, S.A. (Spain), AITEK SPA (Italy), Ascento AG (Switzerland), Asya SIA (Latvia), Avular Innovations B.V. (Netherlands), Captain AI B.V. (Netherlands), CSEM Centre Suisse d’Electronique et de Microtechnique SA (Switzerland), Citymesh N.V. (Belgium), CISC Semiconductor GmbH (Austria), DEMCON Unmanned Systems BV (Netherlands), Dimetor GmbH (Austria), Fixposition AG (Switzerland), Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e.V (Germany), Gdansk University of Technology (Poland), Heimann Sensor GmbH (Germany), HUN-REN Számítástechnikai és Automatizálási Kutatóintézet (Hungary), InnoSenT GmbH (Germany), Innovation River S.R.L (IT), League Geophysics Services B.V. (Netherlands), Leonardo S.p.A. (Italy), Luna Geber Engineering SRL (Italy), NVIDIA (Israel), Nokia Solutions and Networks Oy (Finland), Research Studios Austria Forschungsgesellschaft mbH (Austria), Riga Technical University (Latvia), Saab Finland Oy (Finland), Safran Electronics & Defense / SED SPAIN S.L. (Spain), Sieć Badawcza Łukasiewicz – Instytut Mikroelektroniki i Fotoniki (Poland), Silicon Austria Labs GmbH (Austria), Skyability (Austria), SSH Communications Security Oyj (Finland), Stichting IMEC Nederland (Netherlands), Technische Universiteit Eindhoven (Netherlands), TST-Sistemas (Spain), Universidad de Granada (Spain), Universitá Degli Studi Di Perugia (Italy), Van Oord Ship Management B.V. (Netherlands), VIA electronic GmbH (Germany), ViNotion B.V. (Netherlands), VTT Technical Research Centre of Finland Ltd. (Finland), Würth Elektronik (Germany) YellowScan (France).

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

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    The MIL Network

  • MIL-OSI: Virtune announces the listing of Virtune Coinbase 50 Index ETP, its new flagship product, on Deutsche Börse Xetra

    Source: GlobeNewswire (MIL-OSI)

    Frankfurt, June 4, 2025 – Virtune, the Swedish regulated crypto asset manager, today announced the listing of Virtune Coinbase 50 Index ETP (VCOIN50) on Xetra, one of Europe’s most prominent trading venues.

    Virtune has seen sustained demand for digital assets from institutional and retail investors in the Nordic and European region. Building on this momentum, the VCOIN50 ETP listing on Deutsche Boerse’s Xetra (Xetra ticker: VRTC) segment represents a key milestone in Virtune’s ongoing expansion into the German market. Coinbase will act as the custodian for VCOIN50.

    Virtune has made history as the first company to list a crypto Exchange Traded Product (ETP) tracking the COIN50E index, developed by Coinbase, a trusted and global leader in crypto services and administered by MarketVector IndexesTM (“MarketVector”), a leading global index provider.

    This launch represents several key firsts for Germany’s financial markets:

    • First ever ETP to track the Coinbase 50 Europe Index
    • The widest crypto ETP in Europe containing up to 50 crypto assets 


    About Virtune Coinbase 50 Index ETP:

    Virtune Coinbase 50 Index ETP is a physically-backed exchange-traded product (ETP) tracking the Coinbase 50 Europe Index, the premier global benchmark index for digital assets and the crypto market’s equivalent of the S&P 500 index. At launch, VCOIN50 ETP will offer exposure to 21 crypto assets that are compliant with market-specific regulatory and Xetra-specific policies Virtune’s expansion to include all 50 assets in the COIN50 is subject to regulatory and stock exchange approval. The ETP provides exposure to up to 50 leading crypto assets and is rebalanced quarterly. The product features a transparent structure backed by physical holdings and secured with institutional-level solutions.

    Allocation as of 3rd of June 2025: https://www.virtune.com/product/vcoin50

    About Virtune:

    Virtune is a Swedish-regulated crypto asset manager and issuer of 100% physically backed crypto ETPs. The company has experienced rapid growth in the Nordics since listing its first crypto ETP on Nasdaq Stockholm in May 2023. Today, Virtune manages $340 million in assets under management and has earned the trust of over 140,000 institutional and retail investors. Since its inception, Virtune has prioritized investor protection, and its success stems from its transparent, regulated approach and strong commitment to innovation and educating the market about crypto assets and ETPs.

    Christopher Kock, CEO of Virtune:

    “We have worked closely with Coinbase since our inception, relying on their outstanding custody, trading, and staking services across all our ETPs. We are now excited to further strengthen this collaboration by contributing to Coinbase’s global mission through the launch of a COIN50 ETP. COIN50 is an index with the potential to become the crypto market’s equivalent of the S&P 500 and the leading global crypto benchmark. This ETP offers both institutional and retail investors in Europe broad exposure to the crypto market, built by industry experts with deep knowledge and experience.”

    About Coinbase: 

    Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Europe, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the EU. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    About MarketVector:

    MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    • Exposure: Exposure to up to 50 leading crypto assets in one product
    • Backing: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management Fee: 0.95% per annum
    • Trading currency: EUR
    • First day of trading: Monday, 2nd of June 2025
    • BloombergTicker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VRTC
    • Exchanges: Deutsche Börse Xetra

    The ETP is available for sale in Germany, Sweden, Finland, Norway, Denmark, Poland, France, the Netherlands, Belgium, Spain and Italy.

    For questions, contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):
    Headquartered in Stockholm, Virtune is a regulated Swedish digital asset manager and issuer of crypto ETPs listed on regulated European exchanges. With strong regulatory foundations, partnerships with industry leaders, and a skilled team, Virtune delivers innovative and compliant investment products aligned with the evolving global crypto landscape.

    Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.

    The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE. 

    The MIL Network

  • MIL-OSI Economics: Denis Beau: How to make European financial integration a strategic strength in which European citizens play a key role

    Source: Bank for International Settlements

    Ladies and gentlemen,

    It is a pleasure to welcome you to the Banque de France for this award ceremony for the 36th international economics and finance dissertation competition. Before going on to highlight the best dissertations and the most original work selected by the jury this year, I would like to specifically address all the students.

    As you start or prepare to start your professional life, I want to share with you a perspective and two certainties, which I hope could help you in the early years of your career and, maybe, beyond. (I) The perspective is that of a threshold between two eras. This eventually represents an opportunity and a responsibility. To make the most of the situation, I am convinced we need to change our mindset (II), first, to finally make financial integration a strategic strength for Europe, and second (III), to make Europeans masters of their own destiny rather than passive bystanders to a technocratic project.

    I. Standing at the threshold of a new era: taking the challenges seriously and seizing the opportunities

    I shall start with the analysis. It has become something of a cliché – but that does not make it any less true: we are on the verge of a new era. 

    Over the past 15 years, since the outbreak of the Great Financial Crisis, we have rediscovered the vital importance – as well as the fragility – of our financial systems, our economies, our democracies, of peace in Europe, of the climate and our ecosystems- the list goes on. 

    In a world that is changing before our very eyes, one thing is clear: Europe risks being left behind. Our economy is lagging in terms of growth, productivity and innovation. Between 1999 and 2024, GDP per capita grew by a cumulative 46% in the United States, compared with 30% in the euro area. As a share of GDP, European firms invest half as much in research and development (R&D) as their US counterparts.

    Reversing this loss of speed and returning to growth, innovation and productivity is the first of three interdependent challenges we need to meet in the very near term. We also finally need to build our European sovereignty and strategic autonomy, and move forward on the climate, environmental, digital and demographic transitions – which we must anticipate and support if we are to avoid merely suffering the consequences.

    The amount of investment needed to face up to the challenges is massive: if we add “ReArm Europe” to Draghi’s famous figures, the EU will have to invest an additional EUR 900 billion per year up to 2030. That’s over 5% of our GDP.

    II. Changing our European mindset: placing the ends rather than the means at the heart of the European financial integration agenda

    Meeting these challenges calls for huge efforts from each of us. From my perspective as a central banker, let me focus on the special role finance has to play in Europe’s response: for the past 50 years, we have worked steadily to build a European single market, notably for financial services, helped by powerful catalysts such as the creation of the single currency and ESAs, the establishment of the Banking Union and the SSM, and the current Capital Markets Union project.

    Each of these initiatives represents real progress. However, throughout these years, our mindset has remained primarily institutional, and basically bureaucratic. 

    For Europe to achieve full financial integration and reap all of its rewards – especially at a time the risk of a profound fracturing of the financial landscape has never been greater with the potential reconfiguration unleashed by the new US administration’s policy change – it seems appropriate to adopt a more “substantial” approach, to make the European financial system not just something that needs to be regulated, but rather an asset for the European economy. 

    To achieve this, in his recent Letter to the President of the French Republic, the Governor of the Banque de France firmly underlined the need to take concrete steps, backed by sufficient EU consensus, in three main areas: reducing market fragmentation, investing better and innovating faster. 

    At the heart of these three priorities is the Savings and Investments Union: its aim is to create a single market for financing that will improve the allocation of savings by exploiting the complementarity between the Banking Union and Capital Markets Union – because it’s clear that bank and market financing remain overly fragmented by national borders.

    We also, I think, need to shift from an obligation of means to an obligation of results. The projects we need to carry out are nothing new, but the approach is very different. Up to now, the European agenda has primarily been conceived as a regulatory one, on the basis that this is sufficient to achieve a final result for which we are not accountable. But public action is more than simply drafting legislation. It must be based on a clearly stated intent, have an explicit ambition, and achieve concrete results for which it remains fully accountable.

    Let me illustrate this with three examples:

    The first concerns the regulatory framework for the financial system. It is vital that it be simplified. Over time, our institutional approach and the primacy given to regulation have led to an excess of red tape and inconsistencies. It is possible to revisit this regulatory framework to make it more efficient and agile, without undermining the objectives pursued, which, on the whole, have been met – and so without being dragged into a regulatory race to the bottom by the new US administration.

    A prime example of this is the proposed ESG regulations recently submitted by the Commission with the Omnibus Directive project, and which the Banque de France largely supports. 

    Another obvious candidate for simplification is the entire bank prudential framework – its microprudential, macroprudential and resolution rules – where examples of overcomplexity, redundancy and overlapping international standards abound. The framework has become labyrinthine, and even the specialists get lost – to say nothing of the institutional challenges that make it impossible to take a holistic view of bank capital requirements and their appropriate level.

    A second example is the equity financing of the European economy. We have all the instruments we need – from venture capital to equity markets – but none of them are on a sufficient scale. We particularly need to make better use of European long-term investors, who together are regarded as leading players in global financial markets, but struggle to make up sufficient mass. This can be achieved through the revision of the Solvency II Directive, and by using national and European public financial institutions more effectively to develop public-private partnerships. 

    My last example relates to market infrastructures. We need to adapt our European infrastructures to the wave of technological innovations currently being deployed, based on distributed ledger technology and asset tokenisation. Our first objective is to develop a wholesale central bank digital currency (wCBDC) for use by market participants, followed by a CBDC for everyday retail payments (digital euro). Then, in the medium term, we need to develop a European unified ledger to modernise securities transactions. The US authorities’ recent announcements in support of crypto-assets and stablecoins make it even more vital we complete this project, to maintain our monetary and financial sovereignty in the new world we are entering. The goal now is to move as quickly as possible from experimentation to operationalisation. Rest assured that the Banque de France and other Eurosystem central banks are working very actively and resolutely to complete this project.

    III. We should not neglect the human side: savers and financiers as stakeholders

    One of the keys to deepening our European financial integration is to make things simpler and more strategic – scaling down to half a dozen objectives with clear purposes and impacts rather than having an action plan with 36 highly technocratic projects.

    But there is another challenge that is often overlooked: the human aspect of the project, since nothing can be achieved without mobilising our fellow citizens. In this case, it means mobilising savers and financial professionals.

    In France, and probably other European jurisdictions, things in this area are far from optimal. The regulations are well-meaning, but at the very least overly complex, and in some respects treat savers like children, while also encouraging intermediaries to take a by-the-book approach to customer interests rather than genuinely seeking to do what’s best for them. More generally, they tend to treat the symptoms rather than looking for actual causes – one of the main ones being financial illiteracy, a phenomenon that has been well-documented and leads to sub-optimal outcomes in terms of household wealth management (reduced returns) and for the financing of the economy (a relatively risk-averse supply of financing).

    To help resolve this situation, the Banque de France intends to fully play its role as the national steering body for financial education – a task entrusted to it by public authorities – and provide explanations, training and guidance. I would like to commend EDUCFI for its work providing accessible educational content for all audiences, to help them better understand money, savings, loans and the risk of scams. I encourage you to tell people about these resources and to use them as much as possible: they are an important lever for spreading economic knowledge.

    But we must go further. Improving financial education means giving everyone the means to understand their choices, protect their savings and make a bigger contribution – indirectly but effectively – to the financing of the economy. This is a prerequisite for social justice, economic efficiency and citizenship.

    To conclude, I would like to make a wish for you, as students about to embark on your careers. You will be the ones making tomorrow’s European financial sector a vibrant and effective financial system. May you always remain committed to the interests of your clients and have a broad understanding of the challenges we collectively face. Behind your profession lies a mission that is essential to our society. The quality of your work will also make a difference to the future of Europe and Europeans.

    MIL OSI Economics

  • ‘On One Mission, One Message, One India’: Indian delegation reaches Brussels to rally global support against terrorism

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian Parliamentary delegation, led by BJP MP Ravi Shankar Prasad, arrived in Brussels on Tuesday, marking the final leg of its European tour aimed at strengthening international consensus against Pakistan-backed cross-border terrorism.

    Highlighting the delegation’s bipartisan nature, the Indian Embassy in Belgium and Luxembourg posted on X: “’On One Mission, One Message, One India’. An All-Party Delegation led by Member of Parliament Ravi Shankar Prasad was received by the Indian Ambassador to EU, Belgium and Luxembourg Saurabh Kumar upon arrival in Brussels.”

    During the two-day visit, the delegation is scheduled to hold a series of meetings with EU officials and Belgian authorities to underscore “the scourge of terrorism, including cross-border terrorism, Pahalgam terrorist attack and India’s response to the same.”

    The group will reiterate India’s resolve to eradicate terrorism in all its forms and manifestations. Meetings with think tanks, members of the media, and the Indian diaspora in Brussels are also on the agenda.

    Brussels is the concluding stop on a multi-nation tour that has already taken the delegation through France, Italy, Denmark, and the UK.

    In addition to Prasad, the delegation includes BJP MPs Daggubati Purandeswari, Samik Bhattacharya, and Ghulam Ali Khatana; Shiv Sena (UBT) MP Priyanka Chaturvedi; AIADMK MP M. Thambidurai; Congress MP Amar Singh; former Union Minister M.J. Akbar; and former Ambassador Pankaj Saran.

  • MIL-OSI: Egypt and Saudi Arabia are the easiest countries for doing business in the Middle East, says GBCI 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 04, 2025 (GLOBE NEWSWIRE) — The Middle East is positioned as a mid-complexity region for doing business in the Global Business Complexity Index (GBCI) recently launched by TMF Group.

    The report ranks 79 jurisdictions, accounting for 94% of the world’s GDP, based on their business complexity, with 1 being the most complex and 79 the least complex. Within the Middle East, Egypt is ranked 37th globally, followed closely by the Kingdom of Saudi Arabia at 38th, the United Arab Emirates (UAE) at 39th and Qatar at 44th.

    Egypt has decreased in complexity from last year’s position of 28th, mainly due to several strategic efforts and developments. For example, the country’s adoption of diverse logistic solutions and strengthening of trade corridors has played a pivotal role in mitigating economic pressures and geopolitical risks. The establishment of integrated logistics corridors and free zones, coupled with incentives like simplified customs procedures, has also enhanced accessibility for foreign businesses.

    Saudi Arabia has also improved its position, ranking 38th this year (one point less complex than last year), with resilience amid geopolitical disruptions and Vision 2030 initiatives being highlighted as key drivers of the ease of complexity. The country’s strategy to diversify its economy beyond oil dependency continues at the forefront, as the Kingdom invests in trade infrastructure and regulatory frameworks, enhancing supply chain resilience. In addition, under Vision 2030, Saudi Arabia is striving to reduce its vulnerability to geopolitical threats. Parallelly, investments in infrastructure aim to establish the Kingdom as a global logistics hub.

    The UAE, ranking 39th this year, continues to position itself as a resilient hub amid global geopolitical disruptions. Strict regulations in place aim to ensure operations are compliant and secure, and contribute to the UAE being seen as a ‘safe haven’ for a diverse range of sectors. These regulations help mitigate risks and provide stability for businesses, fostering confidence among investors and enterprises. With multiple entry points and robust infrastructure, the UAE offers reliable trade corridors.

    With a slight increase in its complexity, Qatar is ranked 44th (last year, it ranked 48th). The geopolitical landscape remains volatile, with Qatar being involved in multiple peace talks, which underscores regional unpredictability and contributes to the heightened sense of uncertainty in the business environment. Additionally, the labour market faces challenges such as increased staff turnover and wage inflation, impacting cost efficiency.

    Achin Malik, TMF Group’s Middle East, India and Africa Market Head, commented:

    “Complexity is no longer the biggest challenge for business worldwide: uncertainty is. At a time of great instability in global trade and rising geopolitical tensions, the Middle East is increasingly strengthening its trade corridors — and exploring new ones. This positions countries like Egypt, Saudi Arabia, UAE and Qatar as resilient hubs for businesses amid geopolitical and natural disruptions, in a context of increased unpredictability.”

    Global top and bottom ten (1= most complex, 79= least complex) 
    1. Greece  79. Cayman Islands 
    2. France  78. Denmark 
    3. Mexico  77. New Zealand 
    4. Turkey  76. Hong Kong, SAR 
    5. Colombia  75. Jersey 
    6. Brazil  74. Netherlands 
    7. Italy  73. Jamaica 
    8. Bolivia  72. British Virgin Islands 
    9. Kazakhstan  71. Curaçao 
    10. China  70. Czech Republic 

    Media Contacts

    TMF Group

    Marina Llibre Martín, Global PR Manager
    marina.llibremartin@tmf-group.com

    The MIL Network

  • MIL-OSI China: Sabalenka, Swiatek to battle in semis as Alcaraz dominates Paul

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

    Carlos Alcaraz returns a shot during the men’s singles quarter final match between Tommy Paul of the United States and Carlos Alcaraz of Spain at the French Open tennis tournament at Roland Garros, Paris, France, June 3, 2025. (Xinhua/Li Jing)

    World No.1 Aryna Sabalenka and reigning champion Iga Swiatek will meet in the women’s singles semifinals at the French Open after both won their respective quarterfinals in straight sets on Tuesday.

    Sabalenka took revenge against China’s Zheng Qinwen, as Zheng had beaten the three-time Grand Slam winner Sabalenka for the first time at last month’s Italian Open.

    Although eighth seed Zheng broke first, Sabalenka, 27, came back to win a tie-break in the first set. The top seed maintained her momentum in the second set to seal the victory 7-6 (3), 6-3.

    “That was a true battle, and honestly I have no idea how I was able to break her back and get back in the first set. I was just trying to fight and put as many balls as I could back in. I didn’t start well but I am really glad that I found my rhythm and won this match,” Sabalenka said after the game.

    She added, “I have to say that last tournament [the Italian Open] I was pretty exhausted, and honestly at the end of the match I was actually glad that I had lost that match, because I needed a little break before Roland Garros. Today, I was just more fresh, and I was ready to battle.”

    2024 Olympic champion Zheng failed to extend her winning streak at Roland Garros, who felt disappointed after the loss, “I didn’t handle the pressure very well – that’s the only thing I didn’t do well today.”

    “I actually felt I could have won this match, but maybe I was too nervous and couldn’t bring out my best,” Zheng said. “When I face tournaments I really want to win, I need to stay more stable mentally, follow my game plan, and not focus too much on the result.”

    Fifth seed Swiatek defeated Elina Svitolina 6-1, 7-5 to sail into the semifinals, and said the upcoming match against Sabalenka would be a challenge, “[Sabalenka] really has a game for every surface, so I just need to focus on myself, do the work, be brave in my shots and just go for it.”

    Swiatek added, “I’m going to prepare tactically tomorrow for sure. [Sabalenka] has been having a great season, so I’m not going to lie, it is going to be a tough match. But I’m happy for the challenge.”

    The men’s singles quarterfinals saw second seed Carlos Alcaraz beat Tommy Paul 6-0, 6-1, 6-4. The Spaniard will now face Lorenzo Musetti, who defeated Frances Tiafoe 6-2, 4-6, 7-5, 6-2.

    The second-seeded Italian pair of Jasmine Paolini and Sara Errani eased past Elise Mertens and Veronika Kudermetova 6-2, 6-3 to reach the women’s doubles semifinals, while Evan King and Christian Harrison upset the men’s doubles second-seeded pair Henry Patten and Harri Heliovaara 6-3, 6-4 in the quarterfinals.

    In the mixed doubles, Desirae Krawczyk and Neal Skupski shocked the top-seeded duo of Lyudmyla Kichenok and Mate Pavic in the quarterfinals 6-3, 6-4.

    MIL OSI China News

  • MIL-OSI Economics: Secretary-General of ASEAN has a pull-aside with the Coordinating Minister for Economic Affairs of Indonesia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, had a pull-aside with the Coordinating Minister for Economic Affairs of Indonesia, H.E. Airlangga Hartarto, at the OECD Headquarters in Paris, France, on 3 June 2025. They discussed Indonesia’s accession process to the OECD, current global economic developments, and the implementation of the ASEAN Community Vision 2045, among others.

    The post Secretary-General of ASEAN has a pull-aside with the Coordinating Minister for Economic Affairs of Indonesia appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Secretary-General of ASEAN meets with the Deputy Prime Minister and Minister for Trade and Industry of Singapore

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with the Deputy Prime Minister and Minister for Trade and Industry of Singapore, H.E. Gan Kim Yong, at the OECD Headquarters in Paris, France, on 3 June 2025. The meeting discussed Singapore’s important contributions to the ASEAN Community-building efforts, as well as ways to advance ASEAN’s prosperity agenda, including through the ASEAN Trade in Goods Agreement (ATIGA) Upgrade and steps towards realising an ASEAN single market.

    The post Secretary-General of ASEAN meets with the Deputy Prime Minister and Minister for Trade and Industry of Singapore appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI: North America high-net-worth individual population surges, while Europe and Middle East shrink

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Fahd Pasha
    Tel.: +1 647 860 3777
    E-mail: Fahd.Pasha@capgemini.com

    North America high-net-worth individual population surges, while Europe and Middle East shrink

    • U.S. led the world in growth in its millionaire population, adding 562,000 to reach 7.9 million
    • Ultra-high net worth individual population rises by 6.2% worldwide
    • High-net-worth individuals now allocate 15% of their portfolios to alternative investments, including cryptocurrencies

    Paris, June 4, 2025 – The Capgemini Research Institute’s World Wealth Report 2025, published today, reveals the global high-net-worth individuals1(HNWIs) population rose by 2.6% in 2024. Now in its 29thedition, the report finds this increase was driven by the growth in the population of ultra-high-net-worth individuals (UHNWIs), which grew by 6.2%, as strong stock markets and AI optimism boosted portfolio returns. The data indicates that alternative investments2, such as private equity and cryptocurrencies, are now an established presence in HNWI holdings, representing 15% of their portfolios.

    Bullish stock market performance in the U.S. fuels wealth increase
    A favorable interest rate environment and strong U.S. equity market returns helped boost wealth creation in 2024. North America saw the biggest gains, with the HNWI population rising by 7.3%. In contrast, Europe, Latin America and the Middle East saw declines in their HNWI populations, as macroeconomic challenges weighed.

    At the end of 2024, according to Capgemini’s research: 

    • Europe’s HNWI population declined 2.1% due to economic stagnation in major countries, with United Kingdom, France and Germany losing 14,000, 21,000 and 41,000 millionaires, respectively. In contrast, Europe’s UHNWI population rose 3.5%, reflecting increased wealth concentration.
    • Asia-Pacific’s HNWI population increased 2.7%, with notable variability across the region.
    • Latin America’s HNWI population declined 8.5%, due to currency depreciation and fiscal instability. Brazil (-13.3%) and Mexico (-13.5%) witnessed the biggest population declines.
    • The Middle East’s HNWI population declined 2.1%, driven by lower oil prices.

    Within the largest individual markets, the U.S. was the clear leader, adding 562,000 millionaires as the country’s HNWI population grew by 7.6% to 7.9 million. India and Japan were standouts in the Asia-Pacific region, with both countries registering 5.6% growth, adding 20,000 and 210,000 millionaires, respectively. In contrast, growth in China was negative, with HNWI population declining by 1.0%.

    Next-gen HNWIs seek wealth management firms that align with investment priorities
    Wealth management firms are actively preparing for a new era of wealth transfer in which 83.5 trillion USD3 will change hands over the next two decades, creating the next generation of HNWIs4. According to the report, this handover will unfold in three phases: 30% of HNWIs will receive an inheritance by the end of 2030, 63% will inherit wealth by the end of 2035, and 84% by 2040.

    “The great wealth transfer will be a defining moment for the industry. Despite global wealth on the rise, 81% of inheritors plan to switch firms within one to two years of inheritance. Potentially losing these unsatisfied clients is going to create significant risk for the global wealth management sector,” said Kartik Ramakrishnan, CEO of Capgemini’s Financial Services Strategic Business Unit and Group Executive Board Member. “The next-generation of high-net-worth individuals arrive with vastly different expectations to their parents. This necessitates an urgent shift away from traditional strategies to effectively cater to their evolving needs on this wealth journey. Firms must also prepare to equip advisors with the digital capabilities, potentially augmented with agentic or generative AI, to mitigate the risk of losing both clients and key employees.”

    As of January 2025, HNWI investors parked 15% of their portfolios in alternative investments, including private equity and cryptocurrencies. They are willing to take more risks to expand their wealth – allocating capital to higher growth asset classes and niche product offerings, notably by 61% of millennial and Gen Z HNWIs.

    To attract next-gen HNWIs, wealth management firms must rethink
    The report highlights that wealth management firms need to refresh and revamp their services and offerings to resonate with the next-gen HNWI customer base. Including:

    • Private equity and cryptocurrencies: 88% of advisors observe a greater interest in alternative assets amongst this group of investors over baby boomers
    • New offshore booking centers: 50% of advisors indicate their lack of capabilities in emerging wealth hubs – Singapore, Hong Kong, UAE and Saudi Arabia – will drive these clients to alternate firms, as they seek diversification, better returns and a favorable regulatory environment
    • Tailored services: concierge services such as luxury travel, medical care, and safeguarding against cyber threats, rank as the top non-financial value-added service most sought after
    • Digital interactions: advisors rank a digital platform providing a holistic client view and actionable insights as the most important capability to effectively serve next-gen HNWIs, followed by intelligent automation of operational tasks like meeting summaries and emails

    Insufficient support from wealth management firms makes advisors a flight risk
    According to the report, one-in-three advisors express dissatisfaction with their firms’ lack of digital capabilities, negatively impacting their productivity, and creating a technological divide. In addition, 62% of next-gen HNWIs say they would follow their advisor if they moved to a different firm. Altogether, this directly impacts retention, as advisors struggle to engage these digital-native clients.

    Beyond digital resources, the industry is on the cusp of a talent shortage amid an unprecedented transfer of wealth to Gen X, millennial, and Gen Z inheritors. In the next 12 months, one in four advisors plan to be on the move, with a majority transitioning to a competitor firm and a few starting their own ventures. Additionally, 20% of advisors say they will retire by 2035, with 48% planning to retire by 2040.

    As the great wealth transfer unfolds, the wealth management industry will need to reimagine product offerings through tailored investment options for next-gen HNWIs. Firms must empower and engage advisors with an intuitive digital experience across all channels to secure their loyalty, the report concludes.

    Read the full report: Sailing through the Great Wealth Transfer

    Report Methodology
    The World Wealth Report 2025 market-sizing model covers 71 countries, accounting for more than 98% of global gross national income and 99% of world stock market capitalization. The Capgemini 2025 Global HNW Insights Survey questioned 6,472 HNWIs including 5,473 Next-gen HNWIs across four regions: Americas, Europe, and Asia-Pacific and Middle East. The 2025 Wealth Management Executive Survey includes 141 responses across 10 markets, with representation from pure WM firms, universal banks, independent broker/dealer firms, and family offices. The 2025 Relationship Manager Survey, executed by Phronesis Partners, includes 1,306 responses across twelve markets.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom, and the United States. It was ranked #1 in the world for the quality of its research by independent analysts for six consecutive times – an industry first.
    Visit us at www.capgemini.com/researchinstitute


    1 HNWIs are high-net-worth individuals with investable assets of USD1 million or more, excluding their primary residence, collectibles, consumables, and consumer durables. HNWIs are segmented into three categories based on wealth bands: Ultra-HNWIs (USD30 million or more), Mid-Tier Millionaires (USD5-30M) and Millionaires Next Door (USD1-5M).
    2 Alternative investments include commodities, currencies, private equity, hedge funds, structured products, and digital assets
    3 UBS, “Global Wealth Report 2024”
    4 Gen X (aged 44 to 59 years as of 2025), millennial (aged 28-43 years as of 2025), and Gen Z (12 to 27 years as of 2025) inheritors are referenced as “next-gen HNWIs” to signify the generational shift in HNWI wealth

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    The MIL Network

  • Alcaraz bludgeons Paul to reach French Open semis, Swiatek to face Sabalenka

    Source: Government of India

    Source: Government of India (4)

    Defending champion Carlos Alcaraz steamrolled past American 12th-seed Tommy Paul 6-0 6-1 6-4 at the French Open on Tuesday with a jaw-dropping display of attacking tennis in one of the most one-sided men’s quarter-finals in Paris in recent memory.

    Four-time champion Iga Swiatek, who is looking to become the first woman in the professional era to win four consecutive titles in Paris, also punched her semi-final ticket with a straight sets win over Elina Svitolina of Ukraine to set up a mouth-watering semi-final with world number one Aryna Sabalenka.

    But it was four-time Grand Slam champion Alcaraz’s merciless dismantling of Paul that grabbed the fans’ attention, with the 22-year-old Spaniard terrorising the former French Open junior champion who looked like a fish out of water.

    Alcaraz charged through the first two sets in just 53 minutes and in near flawless fashion, hitting winners at will and chasing down every ball before the shell-shocked American had any time to react.

    Paul pulled himself together to hold serve and go 4-3 up in the third but as the sun gradually went down over Paris so did the curtain on his inspired run, with Alcaraz winning three games in a row to put him out of his misery in just 94 minutes.

    “I could close my eyes and everything went in,” Alcaraz said. “My feeling was unbelievable. I tried to hit the shots 100% and not think about it.”

    “Today it was one of those matches where everything went in,” he said.

    He will next take on in-form Italian Lorenzo Musetti who battled past American Frances Tiafoe in four sets after surviving a second-set wobble, to reach the French Open semi-finals for the first time.

    MUSETTI WARNING

    Musetti, the world number seven, who escaped with a warning for unsportsmanlike conduct when he kicked a ball at a line judge, eventually overran 15th seed Tiafoe.

    “Honestly it was really unlucky coincidence,” said Musetti of the incident.

    “I was a little bit scared, because I really didn’t want to harm nobody, of course. So I immediately went to the line umpire, and I of course said, ‘sorry’, I apologise to everyone.”

    “It was right to have a warning, but I think the umpire saw that there was no intention about that, and that’s why probably just, you know, let me continue my game.”

    That occurred in the second set when Musetti, the only man to reach at least the semi-finals of every main claycourt event this season, was given balls to serve.

    He kicked one to inadvertently hit the line judge, who barely flinched even though she was hit on her upper body.

    Grand Slam rules state that players are issued a warning at first instance for any ball abuse. Tiafoe, however, called it ‘comical’ that there was no serious punishment.

    “I mean, obviously he did that and nothing happened,” said Tiafoe, who had looked surprised and pointed out the incident to the chair umpire.

    “I think that’s comical, but it is what it is. Nothing happened, so there’s nothing really to talk about. Obviously it’s not consistent, so it is what it is.”

    Earlier, and in front of a sparse crowd around lunchtime, Swiatek braved the windy conditions to beat Svitolina 6-1 7-5.

    Although Swiatek failed to win a title going into the tournament this season, she looks to have rediscovered her remarkable claycourt form in Paris, stretching her winning run at the French Open to 26 consecutive matches following her title three-peat between 2022-24 to add to her 2020 crown.

    Three-time Grand Slam champion Sabalenka, hunting her first French Open crown, also needed just two sets to overcome Olympic champion Zheng Qinwen and snap her opponent’s 10-match winning streak at Roland Garros with a 7-6(3) 6-3 victory.

    “I think we’re all here for one reason,” Sabalenka said. “Everyone wants that beautiful trophy. I’m glad I have another opportunity, another semi-final to do better than last time.”

    “I really hope that by the end of the claycourt season I’m really proud of myself.”

    (Reuters)

     

  • MIL-OSI Asia-Pac: President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  

    Source: Republic of China Taiwan

    Details
    2025-05-29
    President Lai attends 2025 Europe Day Dinner
    On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

    Details
    2025-05-28
    President Lai meets US delegation led by Senator Tammy Duckworth
    On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

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

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Minister of Foreign Affairs of the Republic of Peru

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with the Minister of Foreign Affairs of the Republic of Peru, H.E. Ambassador Elmer Schialer Salcedo, at the OECD Headquarters in Paris, France, on 3 June 2025. Their discussions focused on strengthening of ASEAN–Peru relations and preparations for the visit of  H.E. Dina Ercilia Boluarte Zegarra, President of the Republic of Peru to the ASEAN Headquarters/ASEAN Secretariat in August of this year.

    The post Secretary-General of ASEAN meets with the Minister of Foreign Affairs of the Republic of Peru appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Russia: Italian Prime Minister and French President Hold Talks in Rome

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    ROME, June 4 (Xinhua) — Italian Prime Minister Giorgia Meloni and French President Emmanuel Macron held bilateral talks here on Tuesday on various issues including trade and relations with the United States, Italian media reported.

    The talks were expected to help ease current tensions in relations, the ANSA news agency notes. France and Italy are traditional allies and the EU’s second and third largest economies, but their governments disagree on a number of issues and belong to different political camps: Meloni leads a right-wing nationalist cabinet, while Macron is a pro-European centrist.

    As ANSA points out, the two leaders also differ in their approach to the United States: J. Meloni seeks to establish close ties with President Donald Trump and play the role of tariff negotiator between the US and the EU, while E. Macron advocates a more independent position for Europe.

    On the conflict between Russia and Ukraine, both Italy and France have promised strong support for Kyiv, but Ms Meloni expressed scepticism about the Franco-British plan to send peacekeepers if a peace deal is reached.

    Meloni’s office has not issued any statements since her meeting with the French president and has not held a press conference. However, Italian Foreign Minister Antonio Tajani said last Saturday that Macron’s visit would be “an absolutely positive development for the two countries, which are allies and neighbors.” -0-

    MIL OSI Russia News

  • MIL-OSI China: SW China mountainous county brews global matcha success

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

    An aerial drone photo taken on May 15, 2025 shows Wei Yong (C) explaining key points of planting to tea farmers in Jiangkou County, southwest China’s Guizhou Province. (Xinhua/Yang Wenbin)

    In Jiangkou County, nestled in southwest China’s mountainous Guizhou Province, a centuries-old tea tradition is fueling a modern global boom.

    In 2024, the county’s matcha sales exceeded 1,200 tonnes with an output value surpassing 300 million yuan (about 41.7 million U.S. dollars), while its products have been exported to overseas markets including Japan, the United States and France.

    As a major matcha-producing country, China is poised to produce over 5,000 tonnes of matcha in 2025. Notably, Guizhou, leveraging its high-altitude tea farms, low latitude and misty climate, accounts for one quarter of China’s national output and exports to more than 40 countries and regions.

    Jiangkou County, located at the foot of Guizhou’s UNESCO-listed Fanjing Mountain, was once a poverty-stricken region but is now a pioneer in the field of matcha production. This turnaround began in 2017, when cutting-edge matcha industrial technology was introduced to this area.

    Led by industry leaders in partnership with allied enterprises and local farmers, this initiative has established a province-wide matcha industrial network in Guizhou — spanning 22 counties and empowering nearly 100,000 tea growers via increased incomes.

    The county’s tea fields currently cover 160,000 mu (about 10,667 hectares), with 20 percent dedicated to matcha production.

    “We control every step from farming to processing — to ensure premium quality,” said Meng Zude, chairman of Gui Tea Group, a leading tea company that manages the industrial cluster in Jiangkou.

    Meng explained that farmers focus on cultivation while allied partners process leaves. Gui Tea Group then refines leaves into premium matcha. From field to factory, free technical support ensures EU-standard compliance across the supply chain, Meng added.

    Jiangkou County has adapted Japanese matcha techniques to local conditions through both collaborations with experts and in-house research and development. Farmers now implement fertilization protocols, eco-friendly pest control and precision pruning — critical steps that ensure high-quality tencha leaves.

    Four tonnes of matcha have already been exported to Japan in 2025, while another six tonnes are scheduled for shipment to this traditional matcha hub this year, according to Chen Xiaoming, deputy director of Gui Tea’s foreign trade business.

    “Domestic clients now approach us directly, while Japanese buyers seek raw material supplies,” Chen said, adding that inquiries have grown significantly.

    “Matcha isn’t just a drink,” said Chen. “It’s a lifestyle China now leads.”

    MIL OSI China News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for June 4, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on June 4, 2025.

    Artist Janenne Eaton’s retrospective is a compelling account of our troubled times
    Source: The Conversation (Au and NZ) – By Julie Shiels, Senior Industry Fellow, RMIT University Janenne Eaton R E E F 2015 enamel paint, vinyl decals, mirror and polymer clay on canvas Geelong Gallery Gift of the artist, 2019. Photographer: Mark Ashkanasy © the artist. With bad news-overload it is easy to conclude it is

    ‘Not available in your region’: what is a VPN and how can I use one safely?
    Source: The Conversation (Au and NZ) – By Meena Jha, Head Technology and Pedagogy Cluster CML-NET, CQUniversity Australia Linaimages/Shutterstock “This video is not available in your location”. It’s a message familiar to many people trying to watch global content online. But beneath this frustration lies a deeper question – how do we navigate digital borders

    Just the ticket? The problem with local body candidates aligning with national political parties
    Source: The Conversation (Au and NZ) – By Julienne Molineaux, Senior Lecturer, School of Social Sciences and Humanities, Auckland University of Technology Getty Images With accusations flying thick and fast last year about supposed “dysfunction” and a “shambles” at Wellington City Council, Local Government Minister Simeon Brown stepped in and appointed a Crown Observer. Announcing

    The chicks are alright: what songbirds can teach us about divorce and moving on
    Source: The Conversation (Au and NZ) – By Frigg Janne Daan Speelman, PhD Candidate in Behavioural Ecology, Macquarie University Charli Davies, CC BY-NC-ND In humans, it’s very common for the traditional family structure of two parents raising children to change abruptly. Usually, this happens when the parents decide to separate. Many separated couples are able

    Former Congress staffer allowed to return to New Caledonia
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk One of seven people transferred to mainland France almost a year ago, following the May 2024 riots in New Caledonia, has been allowed to return home, a French court has ruled. Frédérique Muliava, a former Congress staffer, was part of a group of six who were

    Ship runs aground in Fiji – then its rescue vessel capsizes
    RNZ Pacific Fiji’s Maritime Safety Authority has launched an investigation into Goundar Shipping Limited following two incidents involving its vessels. Late last month, one vessel ran aground on the reef of Ono-i-Lau, and villagers had to step in to ferry stranded passengers to nearby islands using small boats. On Monday, the Lomaiviti Princess II was

    Curious Kids: can spiders swim?
    Source: The Conversation (Au and NZ) – By Leanda Denise Mason, Vice Chancellor Research Fellow in Conservation Ecology, Edith Cowan University A great raft spider (_Dolomedes plantarius_). Salparadis/Shutterstock Can spiders swim? Waubra Preschool students, Victoria, Australia What a great question! Most spiders don’t swim by choice. But they sure can survive in water when they

    A two-state solution is gaining momentum again. Does it have a chance of success?
    Source: The Conversation (Au and NZ) – By Andrew Thomas, Lecturer in Middle East Studies, Deakin University As Israel’s devastating war in Gaza has ground on, the two-state solution to the Israeli-Palestinian conflict was thought to be “dead”. Now, it is showing signs of life again. French President Emmanuel Macron is reportedly pressing other European

    Senior public servants think GenAI will boost productivity – but are worried about the risks
    Source: The Conversation (Au and NZ) – By Helen Dickinson, Professor, Public Service Research, UNSW Sydney Many bold claims have been made about Generative Artificial Intelligence (GenAI) and its capacity to improve productivity and generate workplace efficiencies. A recent Microsoft survey found 24% of private sector leaders have already deployed GenAI across their organisations. Many

    People with severe mental illness are waiting for days in hospital EDs. Here’s how we can do better
    Source: The Conversation (Au and NZ) – By Sebastian Rosenberg, Associate Professor, Health Research Institute, University of Canberra, and Brain and Mind Centre, University of Sydney Matthew Ashmore/Shutterstock On ABC’s 4 Corners this week, psychiatrists and nurses have warned New South Wales’ mental health system is in crisis. They report some patients with severe mental

    With a government review underway, we have to ask why children bully other kids
    Source: The Conversation (Au and NZ) – By Marilyn Campbell, Professor, School of Early Childhood & Inclusive Education, Queensland University of Technology Rawpixel.com/Shutterstock The federal government has launched a “rapid review” to look at what works to prevent bullying in schools. Led by mental health experts, the review will underpin a new national standard to

    In the trade wars, there are lessons for the US from Brexit. Australia and our trading partners should take note
    Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Director of the Jean Monnet Centre of Trade and Environment, University of Adelaide General_4530/Getty While the Trump administration’s on-again, off-again trade wars wreak havoc on the business plans of the world’s exporters, the risks to the

    ‘That was rude’: why the new Broadway musical Death Becomes Her was ripe for TikTok memes
    Source: The Conversation (Au and NZ) – By Gregory Camp, Senior Lecturer, School of Music, University of Auckland, Waipapa Taumata Rau A few snippets of musicalised dialogue from the cast album of the new Broadway musical Death Becomes Her – with music and lyrics by Julia Mattison and Noel Carey, and a book by Marco

    Motarilavoa Hilda Lini, ‘a trailblazer’ for Vanuatu women in politics, dies
    RNZ Pacific Motarilavoa Hilda Lini, a pioneering Ni-Vanuatu politician, has died. Lini passed away at the Port Vila General Hospital on Sunday, according to local news media. Lini was the first woman to be elected to the Vanuatu Parliament in 1987 as a member of the National United Party. Motarilavoa Hilda Lini in 1989 .

    Fiji coup culture and political meddling in media education gets airing
    Pacific Media Watch Taieri MP Ingrid Leary reflected on her years in Fiji as a television journalist and media educator at a Fiji Centre function in Auckland celebrating Fourth Estate values and independence at the weekend. It was a reunion with former journalism professor David Robie — they had worked together as a team at

    Australia’s lowest paid workers just got a 3.5% wage increase. Their next boost could be even better
    Source: The Conversation (Au and NZ) – By John Buchanan, Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney Carlos Castilla/Shutterstock A week ago, the Australian Financial Review released this year’s “Rich List”. It reported the number of billionaires in Australia increased from 150 to 166 between 2024 and 2025.

    What’s a ‘Strombolian eruption?’ A volcanologist explains what happened at Mount Etna
    Source: The Conversation (Au and NZ) – By Teresa Ubide, ARC Future Fellow and Associate Professor in Igneous Petrology/Volcanology, The University of Queensland Fabrizio Villa / Getty Images On Monday morning local time, a huge cloud of ash, hot gas and rock fragments began spewing from Italy’s Mount Etna. An enormous plume was seen stretching

    The Queensland government is cancelling renewable energy projects. Can the state still reach net zero?
    Source: The Conversation (Au and NZ) – By Tony Wood, Program Director, Energy, Grattan Institute Johan Larson/Shutterstock On the surface, Queensland’s new government is doing exactly what it pledged before winning office in October – repealing the state’s ambitious renewable energy targets and cancelling a huge pumped hydro project near Mackay. But since the start

    PNG’s Namah calls for tighter bio controls, patrols on Indonesian border
    By Scholar Kassas in Port Moresby A Papua New Guinea minister has raised concerns about “serious issues” at the PNG-Indonesia border due to a lack of proper security checkpoints. Culture and Tourism Minister Belden Namah, who is also the member for the border electorate Vanimo-Green, voiced these concerns while supporting a new Biosecurity for Plants

    Samoa parliament formally dissolved after months of uncertainty
    RNZ Pacific Samoa’s Parliament has been formally dissolved, and an early election is set to take place within three months. After months of political instability and two motions of no confidence, Prime Minister Fiāme Naomi Mata’afa said she would call for the dissolution of Parliament if cabinet did not support her government’s budget. MPs from

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Sabalenka weathers Zheng storm to reach French Open semis

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

    China’s tennis sensation Zheng Qinwen lost to world No. 1 Aryna Sabalenka of Belarus 7-6 (3), 6-3 in the French Open women’s singles quarterfinals on Tuesday.

    The 22-year-old Zheng, the eighth seed, broke first in the first set before the 27-year-old Sabalenka came back to win a tie-breaker. The top seed maintained the momentum in the second set to seal the victory.

    Zheng Qinwen reacts during the women’s singles quarterfinal between Zheng Qinwen of China and Aryna Sabalenka of Belarus at the French Open tennis tournament at Roland Garros, Paris, France, June 3, 2025. (Xinhua/Gao Jing)

    Zheng has delivered her career best performance at the French Open by reaching the quarterfinals.

    “That was a true battle, and honestly I have no idea how I was able to break her back and get back in the first set. I was just trying to fight and put as many balls as I could back because I didn’t start well. I am really glad that I found my rhythm and won this match,” Sabalenka said after the game.

    At the Italian Open quarterfinals last month, the Paris 2024 Olympic champion Zheng defeated the three-time Grand Slam winner Sabalenka for the first time. This time at Roland Garros, also on the clay, Sabalenka took the match against Zheng as a revenge.

    “I have to say that last tournament I was pretty exhausted, and honestly at the end of the match I was actually glad that I lost that match, because I needed a little break before Roland Garros. Today, I was just more fresh, and I was ready to battle,” Sabalenka explained.

    As the best result for Sabalenka at the French Open before was the semifinals in 2023, she hopes to make breakthroughs this time, “Everyone wants that beautiful trophy. I am really glad that I have another opportunity, another semifinal to do better than I did last time. I really hope that by the end of the clay season this year, I will be very proud of myself.”

    MIL OSI China News

  • MIL-OSI China: New-look China women’s volleyball team opens VNL campaign in Beijing

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

    A revamped Chinese women’s volleyball team is set to begin its 2025 Volleyball Nations League (VNL) campaign on home soil, as the Beijing leg of the tournament kicks off Wednesday at the National Indoor Stadium.

    At a pre-tournament press conference Tuesday, newly appointed head coach Zhao Yong and team captain Gong Xiangyu expressed both hope and determination ahead of their opening match against Belgium.

    “Playing at home brings both pressure and motivation, but the motivation is greater,” said Zhao, 49, who took over as head coach last month, succeeding Cai Bin. “It has been years since a major international tournament was held in Beijing, and for this new generation of players, it is more of an encouragement.”

    China’s 18-player squad for the Beijing leg features a host of newcomers, with more than half making their national team debut. The roster includes Wu Mengjie, Zhuang Yushan, Tang Xin, and Dong Yuhan as outside hitters; Wang Yuanyuan, Wan Ziyue, Shan Linqian, Chen Houyu, and Wang Aoqian as middle blockers; Gong Xiangyu, Yang Shuming, and Fan Boning as opposites; Zou Jiaqi, Yin Xiaolan, and Zhang Zixuan as setters; and Ni Feifan, Wang Mengjie, and Zheng Xinyi as liberos.

    “All the athletes have shown great commitment and a strong desire to bring honor to the country and the team,” Zhao said. “We hope to grow and improve through tough competition.”

    Gong, 28, now in her 10th year with the national team, said the players are supporting one another as they embrace a new chapter.

    “We are a completely new team. Every chance to play against world-class opponents is a valuable learning opportunity,” she said. “The encouragement among teammates is our greatest strength.”

    China will face Belgium in its opening match. The two teams last met at the 2022 FIVB Women’s World Championship, where China earned a straight-set victory (25-18, 25-18, 27-25). In that match, Belgium’s outside hitter Britt Herbots posted a match-high 21 points.

    “Belgium has a very strong and complete outside hitter,” Gong said. “We are fully focused on this match and hope to give our best performance in front of home fans.”

    Herbots, 25, missed nearly two years of international play due to injury but is now back with the Belgian national team. “Every VNL match is difficult for us,” she said. “I hope to help the younger players enjoy the game and keep improving. I’m very happy to be back, and as an experienced player, I’ll try to help the team with my experience.”

    The five-day Beijing leg features six teams: China, Belgium, Poland, Thailand, Türkiye, and France. All six will be in action Wednesday, with France taking on Türkiye and Thailand facing Poland.

    After the opener against Belgium, China will meet Poland on Thursday, face France on Saturday, and wrap up with Türkiye on Sunday.

    China, a traditional powerhouse in women’s volleyball, has a decorated international history, with three Olympic gold medals (1984, 2004, 2016), two World Championship titles (1982, 1986), and five World Cup titles (1981, 1985, 2003, 2015, 2019).

    At the Paris 2024 Olympic Games, China advanced through the group stage undefeated but fell short of the podium following a quarterfinal loss to Türkiye.

    MIL OSI China News

  • MIL-OSI: Hong Kong and New Zealand, the easiest jurisdictions for doing business in APAC, says GBCI 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 04, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI), recently launched by TMF Group, analyses the business environment of 79 jurisdictions, accounting for 94% of the world’s GDP. It also ranks them based on over 250 indicators of business complexity, with the jurisdiction ranked 1st as the most complex and the jurisdiction ranked 79th, the least.

    Among the world’s 10 least complex jurisdictions for doing business, Hong Kong, SAR remains the 4rth easiest jurisdiction for the second year in a row. The jurisdiction offers a favourable business environment, characterised by a straightforward and low tax regime that appeals to international businesses.

    New Zealand, also included in the 10 easiest jurisdictions worldwide, maintains its reputation as a straightforward place for business operations. This is largely due to the government’s proactive approach in welcoming foreign investments and streamlined administrative processes.

    Meanwhile, business complexity in India (18th) is mainly driven by recent regulatory changes, according to this year’s GBCI report. Over the past year, India has introduced numerous regulatory amendments aimed at boosting transparency and accountability. Although these are expected to bring benefits in the long term, they have added layers of complexity for businesses operating in the country, requiring constant adaptation to new compliance needs.

    Japan is ranked 43rd in this year’s GBCI, showing a decrease in complexity from last year’s position (38th). This decrease in complexity is partly due to recent simplifications and governmental initiatives to provide English-language support to international financial service companies. These measures facilitate easier operations and reduce barriers for foreign businesses, improving investment attractiveness.

    Singapore, ranking 48th, continues to demonstrate resilience and adaptability in its trade corridors. This jurisdiction invests heavily in technology and infrastructure upgrades, reinforcing its status as a regional hub.

    China’s Mainland (10th) enters the top 10 most complex jurisdictions for businesses in 2025. According to the report, the complexity is driven by its frequent regulatory changes and regional disparities. Despite these challenges, the government continues to offer incentives to attract investment and to promote infrastructure development to enhance trade logistics.

    TMF Group’s Head of APAC, Shagun Kumar, commented: “We’re seeing a growing effort by decision-makers and businesses across APAC to reduce unnecessary burdens for doing business in the region — these have in the past delayed development, leading to complex evaluations for investment. Such efforts contribute to unlocking the region’s drive towards economic growth, and we expect businesses to adapt and continue to leverage the potential of APAC as a key contributor for their global strategies.”

    Top and bottom ten (1= most complex, 79= least complex) 
    1. Greece  79. Cayman Islands 
    2. France  78. Denmark 
    3. Mexico  77. New Zealand 
    4. Turkey  76. Hong Kong, SAR 
    5. Colombia  75. Jersey 
    6. Brazil  74. Netherlands 
    7. Italy  73. Jamaica 
    8. Bolivia  72. British Virgin Islands 
    9. Kazakhstan  71. Curaçao 
    10. China’s Mainland  70. Czech Republic 
       

    Media Contacts
    Marina Llibre Martin
    marina.llibremartin@tmf-group.com

    The MIL Network

  • MIL-Evening Report: Former Congress staffer allowed to return to New Caledonia

    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk

    One of seven people transferred to mainland France almost a year ago, following the May 2024 riots in New Caledonia, has been allowed to return home, a French court has ruled.

    Frédérique Muliava, a former Congress staffer, was part of a group of six who were charged in relation to the riots.

    Under her new judicial requirements, set out by the judge in charge of the case, Muliava, once she returns to New Caledonia, is allowed to return to work, but must not make any contact with other individuals related to her case and not take part in any public demonstration.

    Four days after their arrest in Nouméa in June 2024, Muliava and six others were transferred to mainland France aboard a chartered plane.

    They were charged with criminal-related offences (including being a party or being accomplice to murder attempts and thefts involving the use of weapons) and have since been remanded in several prisons across France pending their trial.

    In January 2025, the whole case was removed from the jurisdiction of New Caledonia-based judges and has since been transferred back to investigating judges in mainland France.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Dragon boat races spark rise in tourism spending during ancient Chinese festival

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

    Villagers compete during a dragon boat race at Xixi National Wetland Park in Hangzhou, east China’s Zhejiang Province, on May 31, 2025. [Photo/Xinhua]

    In the watery maze of Diejiao Village in Foshan, south China’s Guangdong Province, dragon boat teams race through S-curves, L-bends and tight C-turns with breathtaking precision. Spectators gasp and cheer as the 25-meter-long boats spin around corners at full speed, water spraying in their wake.

    A popular Cantonese saying captures the spirit of the event: “Ning ho bou laan, bat ho paa maan,” meaning, “It’s better to crash the boat than to paddle slowly.” It’s no surprise, then, that Chinese social media users have dubbed this tradition the “F1 on water,” with thrilling clips of races going viral across the country and beyond during the recent Dragon Boat Festival holiday.

    The festival falls on the fifth day of the fifth lunar month each year, and in 2009, it became the first Chinese holiday to be inscribed on UNESCO’s list of Intangible Cultural Heritage. People throughout China and all over the world celebrate the festival, which has a history stretching more than 2,000 years.

    Festivities vary from region to region but usually share several features: a memorial ceremony offering sacrifices to an ancient Chinese patriotic poet is combined with sporting events such as dragon boat races, zongzi (sticky rice dumplings) feasts, and folk entertainments such as opera performances.

    These rich traditions are increasingly influencing how people choose their travel destinations. Across China, more tourists are seeking out immersive cultural experiences, and the Dragon Boat Festival offers both vibrant celebrations and a focus on deep-rooted heritage.

    This year’s holiday — May 31 to June 2 — turned Foshan into a travel magnet, with its total tourist bookings up 167 percent year on year. Hotel reservations jumped 145 percent, and airline ticket sales rose 110 percent.

    “Chinese dragon boat racing has long gone global,” said Chen Xiaolin, a Chinese-Canadian and the leader of a dragon boat team from Victoria, Canada, that joined an international dragon boat competition in east China’s Suzhou city on May 31.

    Chen originally founded the team in Victoria to connect with the local Chinese community. But over time, more and more local residents joined. “That might be because residents in Victoria really enjoy water sports like kayaking and canoeing, which have similarities to dragon boat racing,” she said.

    Yvonne Christine Ann Sharpe, a 70-year-old team member, had eight years of canoeing experience before she tried her hand at dragon boat racing. Sharpe told Xinhua that canoeing allows paddlers to switch hands, making it a bit easier than dragon boat racing, which has a complex technique and requires full team synchronization to maintain balance and speed.

    “Hard connectivity, soft connectivity and economic ties lay the foundation for tourism, but cultural connectivity is key to sustaining its appeal,” said Tang Jinwen, an associate professor at the Management College of Guangdong Polytechnic Normal University. Tang noted that traditional festivals like the Dragon Boat Festival are becoming cultural events that connect China with the world.

    Traditional Chinese festival experiences are drawing growing numbers of international visitors to explore and connect with Chinese culture firsthand, particularly following the country’s rollout of its visa-free travel policies.

    According to data from the National Immigration Administration, 231,000 foreign nationals entered China during this year’s Dragon Boat Festival holiday under these new policies — a 59.4 percent increase compared to the same period last year.

    Hotel searches for inbound international tourism during the holiday more than doubled this year, according to data from online travel giant Trip.com. The top-10 source countries for related inbound travel were Malaysia, the Republic of Korea, Singapore, Thailand, the United States, Russia, Japan, Britain, Australia and France.

    Beijing, China’s capital city, welcomed 67,000 international tourists during the holiday, a year-on-year increase of 35.8 percent. These visitors spent a total of 720 million yuan (about 100 million U.S. dollars), which was 41.1 percent higher than the same period last year.

    China has been vigorously boosting its domestic consumption, notably in its culture and tourism sectors. Since the beginning of 2025, local governments have rolled out a variety of incentives, ranging from cultural vouchers to ticket discounts, aiming to unlock spending potential.

    These efforts intensified during the 2025 Dragon Boat Festival. In central China’s Hubei Province, more than 160 A-level scenic areas offered ticket discounts, pass bundles and family deals. Shandong Province distributed 50 million yuan in cultural tourism vouchers covering attractions, hotels and cultural products.

    As China’s economy reaches a certain level, a growing emphasis is being placed on exploring traditional culture and, in particular, how it is reflected in consumption, said Wang Qing, who works at a market economy institute under the Development Research Center of the State Council.

    Elements of traditional culture are likely to play increasingly important roles in shaping consumption in China, Wang said. 

    MIL OSI China News

  • MIL-OSI New Zealand: French authorities block Greenpeace ship from participating in UN Ocean Conference

    Source: Greenpeace

    French authorities have blocked Greenpeace International’s ship Arctic Sunrise from entering the port of Nice, where the “One Ocean Science Congress” and the UN Ocean Conference are being hosted. This was retaliation against Greenpeace France, highlighting the weaknesses of the French network of Marine Protected Areas last month in the Mediterranean Sea, in an expedition on board the Arctic Sunrise.
    Greenpeace International will write a formal letter of complaint to the United Nations, deploring the behaviour of the hosting French government. Civil society participation is a core element of the UN Ocean Conference.
    The presence of the Arctic Sunrise in Nice would coincide with the 40th anniversary of the bombing of the Rainbow Warrior by French secret services in Auckland.
    Greenpeace Aotearoa spokesperson Ellie Hooper says, “It’s ironic that so close to the 40th anniversary of the French Government’s attempt to silence Greenpeace here in Auckland by bombing the Rainbow Warrior, the French Government is again trying to shut us down by blocking our ship from entering Nice.”
    “But just like we were not silenced then, neither will we be silenced now. Climate change, ecosystem collapse, and accelerating species extinction pose an existential threat, and our work has never been more important.”
    The Arctic Sunrise had been invited by the French Ministry of Foreign Affairs to participate in the “One Ocean Science Congress” and in the Ocean wonders parade taking place right before the UN Ocean Conference.
    Greenpeace International had intended to deliver the messages of three million people calling for a moratorium on deep sea mining to the politicians attending the conference. The ship’s entry to Nice has now been blocked.
    Mads Christensen, Greenpeace International’s Executive Director, says, “The French authorities’ attempt to silence fair criticism ahead of this UN Ocean Conference is clearly a political decision and is utterly unacceptable. Greenpeace and our ships have been working peacefully to protect the oceans for decades. The Arctic Sunrise highlighted the failure of the French government to properly protect its Marine Protected Areas – where bottom trawling is still permitted – and now we are being punished.
    “France wants this to be a moment where they present themselves as saviours of the oceans, while they want to silence any criticism of their own failures in national waters. We will not be silenced. We believe the voices of the three million calling for a stop to deep sea mining must be heard in Nice. Greenpeace and the French government share the same objective to get a moratorium on deep sea mining, which makes the ban of the Arctic Sunrise from Nice even more absurd.”
    Millions of people around the world have joined Greenpeace’s campaign to stop deep sea mining from starting. In 2023, the Arctic Sunrise crew took action at sea to bear witness to the threat of the deep sea mining industry. They peacefully protested against The Metals Company, which had been publicly accused of “environmental piracy” by the French government a few weeks ago, given their attempt to bypass international law by requesting an exploitation permit through President Trump’s administration.
    Right now, the Rainbow Warrior is in the Tasman Sea to expose the damage being done to ocean life there and will be in New Zealand to mark the anniversary of the bombing in Auckland on 10 July.
    Onboard photographer Fernando Pereira died in the attack, which came soon after Operation Exodus, in which the Greenpeace flagship had evacuated victims of American nuclear tests on Rongelap Atoll and was preparing to oppose French nuclear tests on Mururoa Atoll.
    Following the first-ever deep sea mining licence application by The Metals Company to the United States, Greenpeace says that now is the time to resist and stop this industry from starting.
    This UN Ocean Conference will be a key moment to galvanise support ahead of the July meeting of the International Seabed Authority, the UN regulator.

    MIL OSI New Zealand News

  • MIL-OSI Global: Even if Putin and Zelenskyy do go face-to-face, don’t expect wonders − their one meeting in 2019 ended in failure

    Source: The Conversation – Global Perspectives – By Anna Batta, Associate Professor of International Security Studies, Air University

    Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy arrive at the Elysee Palace in Paris in 2019. Ian Langsdon/Pool Photo via AP

    Delegations from Ukraine and Russia met for a second time in Istanbul in a month on June 2, 2025. Missing, again, were the country’s two leaders.

    For a fleeting moment ahead of the first meeting in mid-May 2025, there existed the faintest prospect that Presidents Vladimir Putin of Russia and Volodymyr Zelenskyy of Ukraine would join, sitting down in the same room for face-to-face talks.

    But it didn’t happen; few expected it would. On that occasion, Putin refused Zelenskyy’s offer of face-to-face talks in Istanbul.

    Even though neither leader met in the Istanbul summits, they have met before.

    In Paris in 2019, the two men sat down together as part of what was known as the Normandy Format talks. As a scholar of international relations, I have interviewed people involved in the talks. Some five years on, the way the talks floundered and then failed can offer lessons about the challenges today’s would-be mediators now face.

    Initial hopes

    The Normandy Format talks started on the sidelines of events in June 2014 commemorating the 70th anniversary of the D-Day landings. The aim was to try to resolve the ongoing conflict between Ukrainian forces and pro-Russian separatist groups in the country’s Donbas region in the east. That conflict had recently escalated, with pro-Russian separatists seizing key towns in the Donetsk and Luhansk after Russia illegally annexed the peninsula of Crimea in February 2014.

    The talks continued periodically until 2022, when Russia launched its full-scale invasion of Ukraine. Until that point, most of the discussion was framed by two deals, the Minsk accords of 2014 and 2015, which set out the terms for a ceasefire between Kyiv and the Moscow-armed rebel groups and the conditions for elections in Donetsk and Luhansk.

    By the time of the sixth meeting in December 2019, the only time Zelenkyy and Putin have met in person, some still hoped that the Minsk accords could form a framework for peace.

    Under discussion

    Zelenskyy was only a few months into his presidency. He arrived in Paris with fresh energy and a desire to find peace.

    His electoral campaign had centered on the promise of putting an end to the unrest in Donbas, which had been rumbling on for years. The increasing role of Russia in the conflict, through supporting rebels financially and with volunteer Russian soldiers, had complicated and escalated fighting, and many Ukrainians were weary of the impact of internally displaced people that it caused.

    By all accounts, Zelenskyy went into Paris believing that he could make a deal with Putin.

    “I want to return with concrete results,” Zelenskyy said just days before meeting Putin. By then, the Ukrainian president’s only contact with Putin had been over the phone. “I want to see the person and I want to bring from Normandy understanding and feeling that everybody really wants gradually to finish this tragic war,” Zelenskyy said, adding, “I can feel it for sure only at the table.”

    One of Putin’s main concerns going into the talks was the lifting of Western sanctions imposed in response to the annexation of Crimea.

    But the Russian president also wanted to keep Russia’s smaller neighbor under its influence. Ukraine gained independence after the fall of the Soviet Union in 1991. But in the early years of the new century, Russia began to exert increasing influence over the politics of its neighbor. This ended in 2014, when a popular revolution ousted pro-Russian Ukrainian President Viktor Yanukovych and ushered in a pro-Western government.

    More than anything, Russia wanted to arrest this shift and keep Ukraine out of the European Union and NATO.

    Those desires – Ukraine’s to end the war in Donbas, and Russia’s to curb the West’s involvement in Ukraine – formed the parameters for the Normandy talks.

    And for some time, there appeared to be momentum to find compromise. French President Emmanuel Macron said that the 2019 Paris talks had broken years of stalemate and relaunched the peace process. Putin’s assessment was that the peace process was “developing in the right direction.” Zelenskyy’s view was a little less enthusisastic: “Let’s say for now it’s a draw.”

    Talking past each other

    Yet the Putin-Zelenskyy meeting in 2019 ultimately ended in failure. In retrospect, both sides were talking past each other and could not reach agreement on the sequencing of key parts of the peace plan.

    Zelenskyy wanted the security provisions of the Minsk accords, including a lasting ceasefire and the securing of Ukraine’s border with Russia, in place before proceeding with regional elections on devolving autonomy to the regions. Putin was adamant that the elections come first.

    The success of the Normandy talks were also hindered by Putin’s refusal to acknowledge that Russia was a party to the conflict. Rather, he framed the Donbas conflict as a civil war between the Ukrainian government and the rebels. Russia’s role was simply to push the rebels to the negotiating table in this take – a view that was greeted with skepticism by Ukraine and the West.

    As a result, the Normandy talks stalled. And then in February 2022, Russian launched its full-scale invasion of Ukraine.

    Way forward today?

    The nascent negotiations between Ukraine and Russia that began in Istanbul in May 2025 represent the first real attempt to bring high-level delegations of both sides together since 2019.

    Many of the same challenges remain. The talks still revolve around the issues of security, the status of Donetsk and Luhansk, and prisoner exchanges – that last point being the only one in which common ground appears to be found, both in 2019 and now.

    But there are major differences – not least, three years of actual direct war. Russia can no longer deny that it is a party of the conflict, even if Moscow frames the war as a special military operation to “denazify” and demilitarize Ukraine.

    And three years of war have changed how the questions of Crimea and the Donbas are framed.

    In the Normandy talks, there was no talk of recognizing Russian control over any Ukrainian territory. But recent U.S. efforts to negotiate peace have included a “de-jure” U.S. recognition of Russian control in Crimea, plus “de-facto recognition” of Russia’s occupation of nearly all of Luhansk oblast and the occupied portions of Donetsk, Kherson and Zaporizhzhia.

    Another major difference between the negotiation process then and now is who is mediating.

    The Normandy negotiations were led by European leaders – German Chancellor Angela Merkel and President Macron of France. Throughout the whole Normandy talks process, only Germany, France, Ukraine and Russia were involved as active participants.

    Today, it is the United States taking the lead.

    And this suits Putin. A constant issue for Putin of the Normandy talks was that Germany and France were never neutral mediators.

    In President Donald Trump, Putin has found a U.S. leader who, at least at first, appeared eager to take on the mantle from Europe.

    But like the Europeans involved in the Normandy talks, Trump too is encountering similar barriers to any meaningful progress.

    Members of Ukrainian and Russian delegations attend peace talks on June 2, 2025, in Istanbul.
    Turkish Ministry of Foreign Affairs via Getty Images

    The Istanbul negotiations on May 16, 2025, were less productive than many people hoped. A proposed 30-day ceasefire agreement didn’t come to fruition; instead the parties agreed on a prisoner-exchange deal. Follow-up talks on June 2 ended after barely an hour, according to Turkish officials. Again, one point agreed on was a prisoner swap.

    The Paris peace talks, too, led to a prisoner exchange – but little more. It appears that getting the leaders of Ukraine and Russia to agree on anything more ambitious is as elusive now as it was when Putin and Zelenskyy met in 2019.

    The views expressed in this article represent the personal views of the author and are not necessarily the views of the Department of Defense or of the Department of the Air Force.

    ref. Even if Putin and Zelenskyy do go face-to-face, don’t expect wonders − their one meeting in 2019 ended in failure – https://theconversation.com/even-if-putin-and-zelenskyy-do-go-face-to-face-dont-expect-wonders-their-one-meeting-in-2019-ended-in-failure-257093

    MIL OSI – Global Reports

  • MIL-Evening Report: A two-state solution is gaining momentum again. Does it have a chance of success?

    Source: The Conversation (Au and NZ) – By Andrew Thomas, Lecturer in Middle East Studies, Deakin University

    As Israel’s devastating war in Gaza has ground on, the two-state solution to the Israeli-Palestinian conflict was thought to be “dead”. Now, it is showing signs of life again.

    French President Emmanuel Macron is reportedly pressing other European nations to jointly recognise a Palestinian state at a UN conference in mid-June, focused on achieving a two-state solution. Macron called such recognition a “political necessity”.

    Countries outside Europe are feeling the pressure, too. Australia has reaffirmed its view that recognition of Palestine should be a “way of building momentum towards a two-state solution”.

    During Macron’s visit to Indonesia in late May, Indonesian President Prabowo Subianto made a surprising pledge to recognise Israel if it allowed for a Palestinian state.

    Indonesia is one of about 28 nations that don’t currently recognise Israel. France, Australia, the United States, United Kingdom, Canada, Germany, Italy, Japan and South Korea are among the approximately 46 nations that don’t recognise a Palestinian state.

    The UN conference on June 17–20, co-sponsored by France and Saudi Arabia, wants to go “beyond reaffirming principles” and “achieve concrete results” towards a two-state solution.

    Most countries, including the US, have supported the two-state solution in principle for decades. However, the political will from all parties has faded in recent years.

    So, why is the policy gaining traction again now? And does it have a greater chance of success?

    What is the two-state solution?

    Put simply, the two-state solution is a proposed peace plan that would create a sovereign Palestinian state alongside the Israeli state. There have been several failed attempts to enact the policy over recent decades, the most famous of which was the Oslo Accords in the early 1990s.

    In recent years, the two-state solution was looking less likely by the day.

    The Trump administration’s decision in 2017 to recognise Jerusalem as the capital of Israel and move the US embassy there signalled the US was moving away from its role as mediator. Then, several Arab states agreed to normalise relations with Israel in the the Abraham Accords, without Israeli promises to move towards a two-state solution.

    The Hamas attacks on Israel – and subsequent Israeli war on Gaza – have had a somewhat contradictory effect on the overarching debate.

    On the one hand, the brutality of Hamas’ actions substantially set back the legitimacy of the Palestinian self-determination movement in some quarters on the world stage.

    On the other, it’s also become clear the status quo – the continued Israeli occupation of Gaza and the West Bank following the end of a brutal war – is not tenable for either Israeli security or Palestinian human rights.

    And the breakdown of the most recent ceasefire between Israel and Hamas, the return of heavy Israeli ground operations in May and reports of mass Palestinian starvation have only served to further isolate the Israeli government in the eyes of its peers.

    Once-steadfast supporters of Israel’s actions have become increasingly frustrated by a lack of clear strategic goals in Gaza. And many now seem prepared to ignore Israeli wishes and pursue Palestinian recognition.

    For these governments, the hope is recognition of a Palestinian state would rebuild political will – both globally and in the Middle East – towards a two-state solution.

    Huge obstacles remain

    But how likely is this in reality? There is certainly more political will than there was before, but also several important roadblocks.

    First and foremost is the war in Gaza. It’s obvious this will need to end, with both sides agreeing to an enduring ceasefire.

    Beyond that, the political authority in both Gaza and Israel remains an issue.

    The countries now considering Palestinian recognition, such France and Australia, have expressly said Hamas cannot play any role in governing a future Palestinian state.

    Though anti-Hamas sentiment is becoming more vocal among residents in Gaza, Hamas has been violently cracking down on this dissent and is attempting to consolidate its power.

    However, polling shows the popularity of Fatah – the party leading the Palestinian National Authority – is even lower than Hamas at an average of 21%. Less than half of Gazans support the enclave returning to Palestinian Authority control. This means a future Palestinian state would likely require new leadership.

    There is almost no political will in Israel for a two-state solution, either. Prime Minister Benjamin Netanyahu has not been shy about his opposition to a Palestinian state. His cabinet members have mostly been on the same page.

    This has also been reflected in policy action. In early May, the Israeli Security Cabinet approved a plan for Israel to indefinitely occupy parts of Gaza. The government also just approved its largest expansion of settlements in the West Bank in decades.

    These settlements remain a major problem for a two-state solution. The total population of Israeli settlers is more than 700,000 in both East Jerusalem and the West Bank. And it’s been increasing at a faster rate since the election of the right-wing, pro-settler Netanyahu government in 2022.

    Settlement is enshrined in Israeli Basic Law, with the state defining it as “national value” and actively encouraging its “establishment and consolidation”.

    The more settlement that occurs, the more complicated the boundaries of a future Palestinian state become.

    Then there’s the problem of public support. Recent polling shows neither Israelis nor Palestinians view the two-state solution favourably. Just 40% of Palestinians support it, while only 26% of Israelis believe a Palestinian state can “coexist peacefully” alongside Israel.

    However, none of these challenges makes the policy impossible. The unpopularity of the two-state solution locally is more a reflection of previous failures than it is of future negotiations.

    A power-sharing agreement in Northern Ireland was similarly unpopular in the 1990s, but peace was achieved through bold political leadership involving the US and European Union.

    In other words, we won’t know what’s possible until negotiations begin. Red lines will need to be drawn and compromises made.

    It’s not clear what effect growing external pressure will have, but the international community does appear to be reaching a political tipping point on the two-state solution. Momentum could start building again.

    Andrew Thomas 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. A two-state solution is gaining momentum again. Does it have a chance of success? – https://theconversation.com/a-two-state-solution-is-gaining-momentum-again-does-it-have-a-chance-of-success-257890

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Europe: Written question – Consequences of the anti-dumping case brought by Imerys S.A. (C/2024/7049) – E-002084/2025

    Source: European Parliament

    Question for written answer  E-002084/2025
    to the Commission
    Rule 144
    Ralf Seekatz (PPE)

    On 9 October 2024, the French company Imerys S.A. lodged a request with the Commission to initiate anti-dumping proceedings concerning imports of molten aluminium oxide (artificial corundum) from the People’s Republic of China. The anti-dumping investigation was initiated and announced on 21 November 2024. Imports of aluminium from the People’s Republic of China be subject to must now be registered with customs authorities.

    • 1.How will the Commission ensure that Imerys S.A. does not use the anti-dumping case solely to gain a monopoly position within the abrasives industry?
    • 2.How does the Commission intend to stop all other EU companies in the abrasives industry from suffering massive competitive disadvantages as a result of the imposition of an anti-dumping duty?
    • 3.How much did the possibility of other EU companies in the abrasives industry relocating to other EU countries as a result of the imposition of an anti-dumping duty weigh in the Commission’s decision-making?

    Submitted: 23.5.2025

    Last updated: 3 June 2025

    MIL OSI Europe News

  • MIL-OSI Australia: Brisbane 2032 Games Coordination Commission Visit: A Collective Vision

    Source:

    Thank you Andrew for your kind introduction and welcome.

    It’s a pleasure to be here, and I thank the Brisbane 2032 OCOG for hosting this event. 

    I want to acknowledge the traditional custodians of the land on which we meet the Turrbal and Jagera peoples and pay my respects to Elders past and present.

    Together Australians stand on the shoulders of 1,600 generations of First Nations people, and that is our shared history.

    I also acknowledge to CO-Com, executives and the IOC delegation, particularly President-elect Kirsty Coventry and new Co-Com Chair Mikee Cojuangco Jaworski, who is all but a local… training under own Vicki Roycroft at the Brisbane Showgrounds… Mikee, please know, I view you as my Vicki Roycroft.

    Thank you to my fellow OCOG members, and AOC President Ian Chesterman and new CEO Mark Arbib… Mark’s presence means there are three Federal Sport Ministers in this room – what could go wrong.

    While our Prime Minister Anthony Albanese wishes he could be here this week with you, he has just returned from the Pope’s inauguration in Rome.

    If there is one sentence that resonates long after you leave Brisbane… I hope it is this –

    The re-election of the Albanese Government ensures Australia is absolutely committed to making the Brisbane Games – a great Games, for our athletes, for Queensland, Australia and the Pacific.

    There’s a quote from outgoing President Bach that has stuck with me and lights our path to 2032…

    “Like no other human activity, sport is about bringing people together in the spirit of friendship and respect. Sport always builds bridges, it never erects walls.”

    The Australian government views Brisbane 2032 as an amphitheatre for our athletes to bring people together for greater health and social cohesion from playground to podium. 

    Because sport makes us hug strangers. And we have evidence of that right below us – on that grass.

    I understand there is a tour of this stadium later today but this venue is so much more than turnstiles and corporate boxes.

    You see, for decades that grass behind you was only known for men clashing in violent rugby contests.

    Until we hosted the Women’s Football World Cup in 2023, when just down there, three seconds changed a nation.

    A moment when a young woman called Cortnee Vine, who learned to kick a ball in the outer suburbs of Brisbane, 10 kms north of here, curled a penalty past France’s goalkeeper to send Australia through to the World Cup semi-final. 

    Our greatest World Cup achievement.

    I was sitting just up there. I cried. I launched a ferocious hug on a bewildered Prime Minister that prompted Federal Police to hover.

    Cortnee’s goal speaks to why the 2032 Games must be about sporting Moments not monoliths.

    That moment and significant funding from the Australian government led to a ten per cent increase in women’s football participation post tournament.

    That match is among the top five most watched television programs in Australian history.

    In fact, four of those five are women’s sporting events, including Cathy Freeman’s 400 metre gold in Sydney.

    This September marks 25 years since those Sydney Games transformed Australia.

    Brisbane 2032 must and will drive even greater participation and social cohesion.

    As a key Games Delivery Partner, I want to assure the Games family the Australian Government is a steadfast partner and we thank the IOC for your esteemed leadership.

    Our immediate areas of focus include governance, infrastructure, impact and legacy.

    I know how dedicated the IOC is to fostering sport through the Pacific and note your recent trip to Guam – we share that same passion.

    We will make 2032 a north star for a more inclusive sport environment throughout the region and for our Pacific family.

    From the outset the Australian Government has backed Brisbane 2032.

    We provided more than $8.6 million to the Queensland Government to support its candidature bid and its only grown from there.

    Already, our 2032 funding commitment across infrastructure, transport, high performance, major events and grass roots has exceeded $16 billion dollars. 

    This includes more than $12.4 billion dollars in Games related transport, more than $3.4 billion dollars in Games venues and in the past 18 months alone almost a billion-dollar commitment to grass roots and high-performance sport.

    Crucially, we made a two year $489 million in Olympic and Paralympic sport as we head to LA28.

    This is the largest Olympic and Paralympic sport investment ever.

    This means that 95% of Olympic and Paralympic summer sports are receiving increased funding with an average increase of 64% per year, compared to the period leading up to Paris Games.

    More sports are being supported too, with an increase from 54 to 68 summer Olympic and Paralympic programs funded in the lead-up to LA.

    We have also increased our Direct Athlete Investment Scheme – DAIS – funding, boosting it to $41.4m across two years.

    DAIS is money in the athlete’s pocket so they can spend more time training and less time fundraising.

    This means more than 1000 Australian athletes now receive DAIS funding.

    Crucially we have also doubled the money going towards Paralympic sports with an extra $54.9m over the next two years.

    The is the largest commitment an Australian government has made to Para-Sport and will shift the balance of funding from 85 per cent able bodied and 15 per cent people with a disability, to 75 per cent able bodied and 25 per cent people with a disability.

    And, while it hasn’t been announced yet, the Federal Government will invest an additional $2.1m so our Paralympians can travel to Milan Cortina to chase gold. 

    We are determined to do more – because we know 3 in 4 Australians with a disability want to play sport but only 1 in 4 have the opportunity.

    While as Minister for Sport, I am first and foremost athlete-led.

    We have also made major infrastructure commitments including a record $249m for the Australian Institute of Sport to improve our national centre of excellence where our juniors and elites train. 

    This is the biggest investment in the AIS since the early 80’s – before Kirsty and I were born.

    This is on top of our $200m Play Our Way fund for women’s and girls sport infrastructure and programs – the largest ever sport funding package to build female changerooms and women-specific sporting environments.

    And… since we came to Government Labor has funded more than $80m in Major Events as well including the Canoe World Champs that the IOC’s own Jess Fox will star in later this year.

    The Albanese Government will also invest up to $3.435 billion in Games venues in a 50/50 partnership with the Queensland Government.

    BUT – we are also funding significant Games transport.

    $12.4 billion committed for transport projects in South East Queensland already identified by the Queensland Government as necessary for the Games.

    This includes faster rail, highway upgrades, and major connection pieces that support 2032.

    So this $16 billion commitment will revitalise the AIS, boost high‑performance sport, increase participation, reduce injuries, enhance guardrails and sport safety, fund legacy arenas and the connections that allow people to visit them while improving integrity for the benefit of all Australians.

    And recent news helps us all. Last week I was honoured to be named Minister for Communications, opening greater synergies for the world’s biggest media event.

    Sport and Comms is now in the infrastructure department, and already Sport Integrity Australia have flagged a goal to embed integrity as a design principle of sport infrastructure.

    We are also continuing work on our IOC Guarantees.

    As part of the candidature process to secure hosting rights, the Albanese Government committed to a range of operational support services.

    These include communications, national security, taxation, integrity, safety and safeguarding, and visa handling.

    We are committed to delivering on these guarantees, taking a coordinated approach across all involved departments to create solutions.

    These threads I’m discussing today are hemmed through Australia’s first ever ten-year plan for sport.

    Australia’s National Sport Strategy, Sport Horizon, will capitalise on sport’s power, and outlines my government’s priorities for this sector.

    It affirms our commitment to creating a safe, fair, and sustainable sector that grows participation, drives positive social change, grows our economy and strengthens international relationships.

    It emphasises the pursuit of gender equity.

    For the first time in Australian history, sporting boardrooms across Australia must meet gender equity targets or risk government funding being withdrawn.

    I have mandated our sports sector must achieve the following governance targets by no later than 1 July 2027:

    50% of all board directors are women and/or gender diverse 

    50% of board chairs are women and/or gender diverse 

    50% of specified board sub-committee members are women and/or gender diverse.

    Because we view sport as a transponder for social change. 

    As President Bach says, sport builds bridges, never erects walls.

    And… we must remember this – 

    The Games’ most valuable treasure – is its athletes. 

    It is not about politicians or political point-scoring.

    Our job is to work with Federations to create environments where brilliance thrives, and then… get out of the way.

    Our job is to enable athletic moments to replace monoliths in 2032.

    So that grass right there conjures the next Cortnee Vine.

    So the aquatic centre a kilometre away creates history like Kirsty did in Athens and Beijing. 

    So Victoria Park is an amphitheatre for our next Cathy Freeman gold medal euphoria.

    I was born and raised in this city… 

    I am not just determined, I am obsessed. Brisbane 2032 will be a great Games.

    Thank you.

    MIL OSI News

  • MIL-OSI USA: Graham Statement on Visit to Germany

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham

    WASHINGTON — U.S. Senator Lindsey Graham (R-South Carolina) today released this statement following his visit to Berlin, Germany.

    “I had a very productive visit to Berlin, Germany. I met with President of the European Commission Ursula von der Leyen, Foreign Minister Johann Wadephul and Chancellor Friedrich Merz. The purpose of the visit was to inform our allies in the European Union about the status of the bipartisan Russia sanctions bill that has 82 cosponsors in the U.S. Senate. The bill is designed to incentivize China to push Russia to the peace table — the secondary sanctions and tariffs will come down heavy on those who are propping up Putin’s war machine by buying cheap Russian oil and other products.

    “I was incredibly pleased with the meeting with President von der Leyen where she indicated a new set of sanctions was being drafted by the European Commission, focusing on those countries who prop up Putin’s war machine, as well as the Russian energy sector. It was her belief that Russia is playing games when it comes to peace and the only way the change the game for Russia is to increase the consequences of this war for Putin. I agree. She supported lowering the Russian oil price cap, which will hit Putin in the wallet and she believed there was strong support in Europe for that proposal.

    “Additionally, I met with Foreign Minister Wadephul and Chancellor Merz, and expressed my appreciation for their commitment to increase defense spending which will make NATO more lethal and create more deterrence at a time of great upheaval in Europe. Germany has a very capable military, and this additional investment will only continue that trend.

    “The President of the European Commission and the German government expressed appreciation to President Trump for earnestly and sincerely trying to end this war. It is obvious to all that President Trump has gone the extra mile trying to bring the parties together but it’s also clear that Putin is resisting efforts for peace and is in fact preparing for more war.

    “During my meetings with German officials, I was informed that they see a build-up in weapons by Russia, a point that was also echoed in Ukraine and France. Putin is being disingenuous as President Trump works toward peace. Putin is building up his forces and weaponry to engage in more war, with a summer or early fall offensive in the making.

    “Time is of the essence to act decisively. The combination of Europe lowering the Russian oil price cap along with enacting additional sanctions focusing on those who would prop up Putin will greatly enhance the efforts of the United States.

    “This is the last best chance to avoid an expansion of this war and deter aggression throughout the globe. If we can end the Russia-Ukraine war honorably and in a way that prevents future wars, then the world will become more stable.

    “However, if Putin is perceived to be rewarded for his aggression, and Ukraine is abandoned by its allies, it will encourage other bad actors throughout the globe and the consequences will be dire and long-lasting.

    “I appreciate Germany’s leadership regarding brokering peace and their steadfast resolve when it comes to supporting Ukraine. Germany is a valuable ally, and the upcoming meeting between Chancellor Merz and President Trump will be one of the most important meetings between any U.S. president and any German chancellor in our shared history. Godspeed to both.

    “Finally, recent media reports indicating the hour-long meeting in Istanbul between Russia and Ukraine resulted in the same old unrealistic, maximalist demands by Russia, telling us all we need to know about Putin’s desire to end the war. This was also confirmed to me by those participating in the talks.

    “It is time to act.”

    MIL OSI USA News

  • MIL-OSI: Sidetrade joins the Euronext Tech Leaders 2025

    Source: GlobeNewswire (MIL-OSI)

    Sidetrade, the global leader in AI-powered Order-to-Cash applications, announces its inclusion in the 2025 Euronext Tech Leaders Index, the pan-European initiative spotlighting the continent’s most disruptive and high-growth tech companies.

    Launched by Euronext in 2022, the Tech Leaders brings together the 110 most dynamic listed European tech companies, providing them with enhanced visibility, targeted investor access, and exclusive participation in pan-European innovation forums. Sidetrade’s inclusion reflects its alignment with the criteria of the index:

    • A track record of building technologies with transformative impact,
    • A market cap above €300 million,
    • A CAGR (Compound Annual Growth Rate) above 20% over the last three years.

    The Euronext Tech Leaders Index will be updated after markets close on Friday, 20 June 2025, with effect from Monday, 23 June 2025.

    Delphine d’Amarzit, Euronext Paris Chairwoman and CEO, states: “Sidetrade’s 20th anniversary of being listed coincides with the highest possible recognition of its stock market journey: its inclusion in the Euronext Tech Leaders, which brings together technology companies listed on Euronext that stand out for their growth and innovation. I am pleased that the stock exchange has fully played its role in supporting the growth of a company like Sidetrade, which now ranks among the most promising tech companies in Europe, thanks to the long-term vision of its founder, Olivier Novasque, and the work of its teams.”

    Sidetrade’s trajectory reflects a conviction that the future of enterprise finance lies in autonomous systems capable of acting intelligently in dynamic environments. Innovation is in the DNA of Sidetrade. From the outset, the company has approached AI not as a layer of enhancement, but as the engine driving systemic change.

    Central to this transformation is Aimie, Sidetrade’s agentic AI. Built to go beyond predictive analytics, Aimie is an autonomous agent that makes decisions, initiates actions, and adapts in real-time to optimize cash flow processes. From qualifying invoices to orchestrating engagement strategies and accelerating cash collections, Aimie scales behavior-based decision-making across a global network of over 40 million buyers. This intelligence is grounded in Sidetrade’s Data Lake, the world’s richest behavioral dataset for B2B transactions, encompassing more than $7.2 trillion in payment data. It is this combination of machine learning, behavioral modeling, and collaborative intelligence that positions Aimie as an operator that learns, acts, and evolves in the service of enterprise performance.

    The inclusion in the Euronext Tech Leaders segment is also a tribute to Olivier Novasque’s vision as founder and CEO of Sidetrade. Marking 25 years of innovation at Sidetrade, Novasque has championed a bold roadmap to move finance beyond automation and into real-time intelligent orchestration, transforming the CFO office from a reactive unit to a proactive command center.

    “We are honored to join the Euronext Tech Leaders,” said Olivier Novasque, CEO and founder at Sidetrade. “At Sidetrade, we’ve never followed the market. We’ve questioned its limits and investigated how technology should overcome them. In a financial world that is growing increasingly complex by the day, we believe the real breakthrough lies in augmenting human capacity. Our technology is designed to sharpen judgment, accelerate action, and foster resilience. When machines enhance talents, organizations unlock their full potential.”

    Investor & Media relations @Sidetrade

    Christelle Dhrif                 +33 6 10 46 72 00           cdhrif@sidetrade.com

    About Sidetrade (www.sidetrade.com)
    Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform designed to revolutionize how cash flow is secured and accelerated. Leveraging its new-generation agentic AI, nicknamed Aimie, Sidetrade analyzes $7.2 trillion worth of B2B payment transactions daily in its Cloud, thereby anticipating customer payment behavior and the attrition risk of 40 million buyers worldwide. Sidetrade has a global reach, with 400+ talented employees based in Europe, the United States, and Canada, serving global businesses in more than 85 countries. Among them: AGFA, BMW Financial Services, Bunzl, DXC, Engie, Inmarsat, KPMG, Lafarge, Manpower, Morningstar, Page, Randstad, Safran, Saint-Gobain, Securitas, Siemens, UGI, Veolia.
    For further information, visit us at www.sidetrade.com and follow @Sidetrade on LinkedIn.

    Contact Euronext
    Flavio Bornancin-Tomasella        fbornancin-tomasella@euronext.com

    About Euronext
    Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. Euronext also provides clearing and settlement services through Euronext Clearing and its Euronext Securities CSDs in Denmark, Italy, Norway, and Portugal. As of March 2025, Euronext’s regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway, and Portugal host nearly 1,800 listed issuers with around €6.3 trillion in market capitalisation, a strong blue-chip franchise and the largest global centre for debt and fund listings. With a diverse domestic and international client base, Euronext handles 25% of European lit equity trading. Its products include equities, FX, ETFs, bonds, derivatives, commodities and indices. 
    For the latest news, follow us on X (x.com/euronext) and LinkedIn (linkedin.com/company/euronext).

    In the event of any discrepancy between the French and English versions of this press release, only the English version is to be taken into account.

    Attachment

    The MIL Network

  • MIL-OSI Security: Man Sentenced to Seven and One Half Years in Federal Prison for Aggravated Sexual Abuse of Victim in Marin Headlands

    Source: US FBI

    SAN FRANCISCO – Esbin Ramirez-Garcia was sentenced today to 90 months in federal prison for committing aggravated sexual abuse while on federal land.  Senior U.S. District Judge William Alsup handed down the sentence.

    Ramirez-Garcia, 28, a national of Mexico, pleaded guilty on Feb. 25, 2025, to one count of aggravated sexual abuse in violation of 18 U.S.C. § 2241(a).  According to the plea agreement, Ramirez-Garcia admitted that late in the evening on Aug. 2, 2024, while giving the victim, with whom he had a prior relationship, a ride from her workplace in his truck, he asked her to get back together with him.  The victim refused to resume their relationship and asked to be let out of the vehicle, but Ramirez-Garcia grabbed her with his hand and continued driving, forcing her to accompany him.

    Ramirez-Garcia deviated from the route to the victim’s home and drove his truck to a parking lot in the Marin Headlands, which is part of the Golden Gate National Recreation Area.  Ramirez-Garcia forcibly placed his body on top of the victim’s body while she sat in the passenger seat and sexually assaulted her.

    United States Attorney Craig H. Missakian, FBI Special Agent in Charge Sanjay Virmani, and National Park Service Investigative Services Branch Acting Special Agent in Charge Betsy Smith made the announcement.  

    In addition to the prison term, Judge Alsup also sentenced the defendant to a 10-year period of supervised release and ordered that he participate in a sex offense-specific treatment program, among other conditions.  The defendant was immediately remanded into custody.

    Special Assistant U.S. Attorney Christine Chen and Assistant U.S. Attorney E. Wistar Wilson prosecuted the case with the assistance of Sara Slattery, Maureen French, and Fernanda Gonzalez.  This prosecution is the result of an investigation by the FBI and the National Park Service Investigative Services Branch. 
     

    MIL Security OSI