Category: Germany

  • MIL-Evening Report: A carbon levy on global shipping promises to slash emissions. We calculated what that means for Australia’s biggest export

    Source: The Conversation (Au and NZ) – By Michael Brear, Director, Melbourne Energy Institute, The University of Melbourne

    Costfoto/NurPhoto via Getty Images

    Moving people and things around the world by sea has a big climate impact. The shipping industry produces almost 3% of global greenhouse gas emissions – roughly the same as Germany – largely due to the movement of container ships, bulk carriers and tankers.

    Under international rules, these emissions are not included in any nation’s greenhouse gas reporting. That means they often escape scrutiny.

    Unlike cars, international shipping can’t shift to using low-emissions electricity – the batteries required are too big and heavy. So clean fuels must play a role.

    A proposed shake-up of the global shipping industry would encourage the use of clean fuels and penalise shipping companies that stick to cheaper, more polluting fuels. Should it proceed, emissions from global shipping would be regulated for the first time.

    Using our peer-reviewed modelling, we investigated how the changes might affect Australia’s largest export: iron ore.

    What is the proposed carbon levy all about?

    The International Maritime Organisation (IMO) is the United Nations body responsible for regulating international shipping. It recently approved a draft plan to tackle the shipping sector’s contribution to climate change through a type of “cap and trade” scheme.

    The plan would involve setting a limit, or cap, on how much each shipping company can emit. Companies must then either buy credits or be penalised if they go over their limit. Companies that stay under their limit – for example, by using cleaner fuels – would earn credits, which they could then sell.

    In this way, high-emitting shipping companies are penalised and low-emitting companies are rewarded.

    Under the plan, the total limit for emissions from global shipping would fall each year. This increases the incentive for companies to switch to lower emission fuels and makes higher-emission fuels progressively more expensive to use.

    The plan is scheduled to be adopted by the shipping industry in October this year and would begin in 2027.

    Not all fuels are the same

    The proposed change is particularly significant for Australia. As a remote island nation, our imports and exports are heavily reliant on massive ships. This is most important for our commodity exports – iron ore in particular.

    Our recently published modelling estimated the emissions and financial impacts of various low-emission shipping options for Australia’s exports.

    We estimated Australia’s commodity exports create about 34 million tonnes of greenhouse gases a year. This is about 8% of Australia’s domestic greenhouse gas emissions, but it’s not included in Australia’s national reporting.

    Using the same modelling, we then examined how the proposed new regulation would affect the cost of shipping Australia’s largest export, iron ore. We chose a common route from Port Hedland in Western Australia to Shanghai in China.

    First, we looked at current fuel costs, as well as overall shipping costs measured per tonne of delivered ore. Shipping costs include both the fuel costs and the cost of the ships designed to use it. Then we estimated how much fuels and shipping might cost from 2030, assuming the proposed regulation has come into force.

    We also examined three types of fuel.

    The first was heavy fuel oil (HFO), one of the main fuels used in international shipping. It’s traditionally the cheapest shipping fuel and also has the highest greenhouse gas emissions.

    The second was “blue” ammonia. This fuel is typically made from natural gas using a manufacturing process where the carbon in the natural gas is captured and stored. It has lower greenhouse gas emissions than heavy fuel oil, but it is not a “green” fuel.

    Thirdly, we looked at “green” ammonia, which is produced using renewable energy. We examined two types of green ammonia – that produced using current technology, and “advanced” green ammonia, made using new technologies in development.

    Is green ammonia an answer?

    From about 2030, the overall cost of shipping powered by heavy fuel oil will start to rise significantly under the proposed regulation. That’s because shipping companies using this fuel must purchase credits from those using cleaner options.

    Blue ammonia may then make it cheaper to ship iron ore from Australia to Asia. Users of this fuel could generate and sell credits that higher-emitting fuel users buy, offsetting some of the shipping costs associated with using blue ammonia.

    But if international shipping is to reach the IMO’s goal of net-zero emissions by about 2050, this is very likely to require a green fuel.

    However, green ammonia is more expensive than heavy fuel oil and blue ammonia with current technology. And our analysis found the proposed regulation – and associated subsidy – doesn’t make it the lowest cost shipping option from 2030 onwards either.

    This is why technological innovation is important. CSIRO projections of the future costs of renewable energy and green-fuel manufacture suggest that, should technologies improve, green ammonia may compete on cost with heavy-fuel oil in the 2030s, even without subsidies.

    If so, this zero-emission fuel could become the cheapest way to export Australian iron ore.

    Looking ahead to net-zero

    As our calculations show, a combination of regulation and innovation could help international shipping achieve its goal of net-zero emissions.

    These fuels could be made in Australia, and potentially used by other industries such as rail, mining, road freight and even aviation.

    Such an industry would therefore contribute significantly to the world’s emission-reduction goals, and could help Australia realise its ambition to become a major global exporter of green fuels and other green products.

    Michael Brear receives research funding from the Australian Renewable Energy Agency, the Australian Research Council, the Future Energy Exports CRC and the Clean Marine Fuel Institute. He also receives funding from other government and industry organisations for work on other aspects of energy and transport decarbonisation.

    Gerhard (Gerry) F. Swiegers is an ARC Industry Laureate Fellow and the Chief Technology Officer of Hysata. Hysata is a manufacturer of electrolysers which are used for green hydrogen manufacture. Green hydrogen is a key feedstock for the manufacture of green ammonia.

    Michael Leslie Johns receives funding from the ARC and Future Energy Exports CRC.

    Nguyen Cao receives funding from the Future Energy Exports CRC and the Clean Marine Fuel Institute.

    Rose Amal is the leader of the Particles and Catalysis Research Group, Co-Director of ARC Training Centre for the Global Hydrogen Economy and the Lead of the PowerFuels Network under NSW Decarbonisation Innovation Hub. Rose receives funding from Australian Research Council (ARC) and Department of Industry, Science, Energy and Resources, Department of Education (Trailblazer Recycling and Clean Energy program), ARENA and NSW Environmental Trust. She was an ARC Laureate Fellow.

    ref. A carbon levy on global shipping promises to slash emissions. We calculated what that means for Australia’s biggest export – https://theconversation.com/a-carbon-levy-on-global-shipping-promises-to-slash-emissions-we-calculated-what-that-means-for-australias-biggest-export-258915

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ‘Baths, wine, and sex make life worth living’: how ancient Romans used public baths to relax, work out and socialise

    Source: The Conversation (Au and NZ) – By Peter Edwell, Associate Professor in Ancient History, Macquarie University

    iLongLoveKing/Shutterstock

    Standing in the vast ruins of the Baths of Caracalla in Rome, hundreds of gulls circle above. Their haunting cries echo voices from 1,800 years ago. Today, the bare shell of what was one of Rome’s largest bath complexes mostly sits empty, occasionally playing host to opera performances.

    But what were the baths of ancient Rome actually like back then? And why were the Romans so into public bathing?

    Public baths everywhere

    While living in Rome for almost a year, I noticed the remains of ancient baths (thermae in Latin) everywhere.

    Virtually every emperor built them, and by the middle of the fourth century there were 952 public baths in the city.

    The largest were the baths built by the emperor Diocletian (284–305). Around 3,000 people a day could bathe at this 13-hectare complex.

    These baths, like most, contained a room (the caldarium) heated by air ducts in the walls and floors. The floors were so hot special sandals were worn.

    Another room leading from it was milder (the tepidarium), before bathers entered the frigidarium, which contained a cold pool. A 4,000-square-metre outdoor swimming pool was the central feature.

    Public baths also often featured gymnasiums, libraries, restaurants and exercise yards.

    Today, the baths of Caracalla mostly sit empty.
    Wirestock/Getty

    ‘Baths, wine, and sex make life worth living’

    The philosopher Seneca, also an advisor to the emperor Nero, lived above a bath complex around 50 CE.

    He described the sounds of people “panting in wheezy and high-pitched tones” as they lifted weights. Others plunged into swimming tanks with a loud splash. Shop-owners selling food yelled out the prices of their wares. Some sang loudly for their own pleasure in the bathroom.

    One 4th-century CE account describes how aristocrats sometimes arrived at the baths with 50 servants attending them.

    Sections of the baths were reserved for these guests, who brought their finest clothes and expensive jewellery.

    While emperors built large public bath complexes, there were many smaller private ones. Entry fees were low and sometimes free during festivals and political campaigns. This allowed all social classes to use the baths.

    Women and men bathed separately and used the baths at different times of the day. Some bath complexes had areas designated for women only. The physician Soranus of Ephesus, who wrote a treatise on gynaecology in the second century CE, recommended women go to the baths in preparation for labour.

    In a crowded and polluted city like Rome, the baths were a haven. Warm water, smells of perfumed ointments, massages and a spa-like environment were pleasures all could indulge in.

    A first-century CE inscription declared that

    baths, wine, and sex make life worth living.

    Baths and the grim reality of slavery

    Baths were places of great social importance, and nudity allowed bathers to show off their physical prowess.

    Archaeological evidence suggests even dentistry was performed at the baths.

    Behind these images of indulgence, however, lay the grim reality of slavery. Slaves did the dirtiest work in the baths.

    They cleaned out cinders, emptied toilets and saw to the clearing of drains.

    Slaves came to the baths with their owners, whom they rubbed down with oil and cleaned their skin with strygils (a type of scraper). They entered the baths through a separate entrance.

    Baths across the empire

    Baths were popular in every city and town across the Roman Empire. A famous example is Aquae Sulis – the modern town of Bath – in England (which was under Roman rule for hundreds of years). At Aquae Sulis, a natural hot spring fed the baths. The goddess Minerva was honoured at the complex.

    The remains of similar bath complexes have been found in North Africa, Spain and Germany.

    Extensive remains of a Roman bath at Baden Baden in Germany are among the most impressive.

    Similarly, at Toledo in Spain, a public Roman bath complex measuring almost an acre has been found.

    Baths were often built in military camps to provide soldiers with comforts during their service. Remains of military baths have been found all over the empire. Researchers have found and excavated the baths for the army camp at Hadrian’s wall, a wall built to help defend the Roman Empire’s northern frontier in what is now modern Britain.

    The baths at Chester contain hot rooms (caldaria), cold rooms (frigidaria) and also a sweat room (sudatoria), which is similar to a sauna.

    A long history

    The Romans weren’t the first to use public baths. Their Greek forebears had them too. But the Romans took public bathing to a empire-wide level. It became a marker of Roman culture wherever they went.

    Public bathing would continue in the empire’s Islamic period and became famously popular under the Ottomans, who ruled the empire between 1299 and 1922. Turkish hammams (baths) remain an important public institution to this day and they descend directly from the Romans. Istanbul still contains 60 functioning hammams.

    Roman baths were not only technically ingenious and architecturally impressive, they connected people socially from all walks of life. As the gulls circle over the baths of Caracalla in Rome, their haunting cries connect us to that very world.

    Peter Edwell receives funding from the Australian Research Council.

    ref. ‘Baths, wine, and sex make life worth living’: how ancient Romans used public baths to relax, work out and socialise – https://theconversation.com/baths-wine-and-sex-make-life-worth-living-how-ancient-romans-used-public-baths-to-relax-work-out-and-socialise-257466

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Britain unveils 10-year industrial strategy to cut energy costs, support key sectors

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

    The British government on Monday unveiled a comprehensive 10-year Industrial Strategy designed to tackle long-standing structural challenges facing British industry, including high energy costs and lengthy delays in electricity grid connections.

    The plan also outlines targeted support for eight high-growth sectors, including advanced manufacturing, clean energy, and digital technology.

    A major component of the strategy is the British Industrial Competitiveness Scheme, which aims to reduce electricity bills by up to 25 percent for more than 7,000 energy-intensive businesses – including those in the steel and chemicals sectors – starting in 2027. These savings will come from removing several existing charges on electricity bills that currently fund renewable energy generation and backup supply systems.

    Complementing this initiative, the British Industry Supercharger program will expand support for approximately 500 companies in sectors such as ceramics, glass, and aluminum. These firms currently receive a 60 percent discount on electricity network charges, which will increase to 90 percent from 2026, a move expected to lower operating costs and enhance global competitiveness.

    To address persistent delays in connecting to the electricity grid, the government plans to launch a Connections Accelerator Service by the end of 2025. The service will work in coordination with energy providers, devolved governments, and local authorities to expedite grid access for major investment projects.

    British Prime Minister Keir Starmer hailed the strategy as “a turning point for Britain’s economy and a clear break from the short-termism and sticking plasters of the past.”

    Chancellor of the Exchequer Rachel Reeves emphasized the plan’s investment-friendly approach, noting that it would ease business energy costs, unlock funding for advanced technologies, and support job creation. “It will boost our economy and create jobs that put more money in people’s pockets,” she said.

    The government stressed that the reforms would not lead to higher taxes or household energy bills. Instead, they will be financed through adjustments to the national energy system and increased revenues from carbon pricing.

    Beyond energy reforms, the strategy includes sector-specific support for eight high-potential industries: advanced manufacturing, clean energy, creative industries, defense, digital and technologies, financial services, life sciences, and professional and business services. Each sector will receive tailored policy frameworks and funding packages over the next decade.

    While industry representatives have broadly welcomed the announcement, some experts and business leaders have voiced reservations. Critics argue that although the electricity price reforms may enhance competitiveness, they are unlikely to fully close the gap with lower industrial power costs in countries like France and Germany. Britain’s electricity prices remain closely linked to wholesale gas markets, which still account for a larger share of Britain’s energy mix than in many European countries.

    Others questioned the government’s ability to follow through on its long-term commitments, citing past inconsistencies in industrial policy. Several industry voices also called for faster implementation amid intensifying global competition for green investment.

    The government said detailed action plans for each sector will be published in phases over the coming months. 

    MIL OSI China News

  • MIL-OSI Global: ‘Baths, wine, and sex make life worth living’: how ancient Romans used public baths to relax, work out and socialise

    Source: The Conversation – Global Perspectives – By Peter Edwell, Associate Professor in Ancient History, Macquarie University

    iLongLoveKing/Shutterstock

    Standing in the vast ruins of the Baths of Caracalla in Rome, hundreds of gulls circle above. Their haunting cries echo voices from 1,800 years ago. Today, the bare shell of what was one of Rome’s largest bath complexes mostly sits empty, occasionally playing host to opera performances.

    But what were the baths of ancient Rome actually like back then? And why were the Romans so into public bathing?

    Public baths everywhere

    While living in Rome for almost a year, I noticed the remains of ancient baths (thermae in Latin) everywhere.

    Virtually every emperor built them, and by the middle of the fourth century there were 952 public baths in the city.

    The largest were the baths built by the emperor Diocletian (284–305). Around 3,000 people a day could bathe at this 13-hectare complex.

    These baths, like most, contained a room (the caldarium) heated by air ducts in the walls and floors. The floors were so hot special sandals were worn.

    Another room leading from it was milder (the tepidarium), before bathers entered the frigidarium, which contained a cold pool. A 4,000-square-metre outdoor swimming pool was the central feature.

    Public baths also often featured gymnasiums, libraries, restaurants and exercise yards.

    Today, the baths of Caracalla mostly sit empty.
    Wirestock/Getty

    ‘Baths, wine, and sex make life worth living’

    The philosopher Seneca, also an advisor to the emperor Nero, lived above a bath complex around 50 CE.

    He described the sounds of people “panting in wheezy and high-pitched tones” as they lifted weights. Others plunged into swimming tanks with a loud splash. Shop-owners selling food yelled out the prices of their wares. Some sang loudly for their own pleasure in the bathroom.

    One 4th-century CE account describes how aristocrats sometimes arrived at the baths with 50 servants attending them.

    Sections of the baths were reserved for these guests, who brought their finest clothes and expensive jewellery.

    While emperors built large public bath complexes, there were many smaller private ones. Entry fees were low and sometimes free during festivals and political campaigns. This allowed all social classes to use the baths.

    Women and men bathed separately and used the baths at different times of the day. Some bath complexes had areas designated for women only. The physician Soranus of Ephesus, who wrote a treatise on gynaecology in the second century CE, recommended women go to the baths in preparation for labour.

    In a crowded and polluted city like Rome, the baths were a haven. Warm water, smells of perfumed ointments, massages and a spa-like environment were pleasures all could indulge in.

    A first-century CE inscription declared that

    baths, wine, and sex make life worth living.

    Baths and the grim reality of slavery

    Baths were places of great social importance, and nudity allowed bathers to show off their physical prowess.

    Archaeological evidence suggests even dentistry was performed at the baths.

    Behind these images of indulgence, however, lay the grim reality of slavery. Slaves did the dirtiest work in the baths.

    They cleaned out cinders, emptied toilets and saw to the clearing of drains.

    Slaves came to the baths with their owners, whom they rubbed down with oil and cleaned their skin with strygils (a type of scraper). They entered the baths through a separate entrance.

    Baths across the empire

    Baths were popular in every city and town across the Roman Empire. A famous example is Aquae Sulis – the modern town of Bath – in England (which was under Roman rule for hundreds of years). At Aquae Sulis, a natural hot spring fed the baths. The goddess Minerva was honoured at the complex.

    The remains of similar bath complexes have been found in North Africa, Spain and Germany.

    Extensive remains of a Roman bath at Baden Baden in Germany are among the most impressive.

    Similarly, at Toledo in Spain, a public Roman bath complex measuring almost an acre has been found.

    Baths were often built in military camps to provide soldiers with comforts during their service. Remains of military baths have been found all over the empire. Researchers have found and excavated the baths for the army camp at Hadrian’s wall, a wall built to help defend the Roman Empire’s northern frontier in what is now modern Britain.

    The baths at Chester contain hot rooms (caldaria), cold rooms (frigidaria) and also a sweat room (sudatoria), which is similar to a sauna.

    A long history

    The Romans weren’t the first to use public baths. Their Greek forebears had them too. But the Romans took public bathing to a empire-wide level. It became a marker of Roman culture wherever they went.

    Public bathing would continue in the empire’s Islamic period and became famously popular under the Ottomans, who ruled the empire between 1299 and 1922. Turkish hammams (baths) remain an important public institution to this day and they descend directly from the Romans. Istanbul still contains 60 functioning hammams.

    Roman baths were not only technically ingenious and architecturally impressive, they connected people socially from all walks of life. As the gulls circle over the baths of Caracalla in Rome, their haunting cries connect us to that very world.

    Peter Edwell receives funding from the Australian Research Council.

    ref. ‘Baths, wine, and sex make life worth living’: how ancient Romans used public baths to relax, work out and socialise – https://theconversation.com/baths-wine-and-sex-make-life-worth-living-how-ancient-romans-used-public-baths-to-relax-work-out-and-socialise-257466

    MIL OSI – Global Reports

  • MIL-OSI China: German industry sees dim outlook as U.S. tariffs weigh on economy

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

    Germany’s leading industry association has slashed its 2025 economic forecast, warning that escalating global trade tensions driven by U.S. tariff policies could plunge Europe’s largest economy into its third consecutive year of recession.

    At the annual “Day of Industry” event, the Federation of German Industries (BDI) projected a 0.3 percent contraction in German GDP this year, down from its earlier estimate of a 0.1 percent decline.

    “U.S. tariff policies — including announced and partially implemented duties on a wide range of imports — combined with geopolitical uncertainties, are dampening global growth,” BDI Director General Tanja Goenner said on Monday.

    BDI now expects global GDP to grow by 2.7 percent in 2025, half a percentage point lower than its earlier forecast, with the United States among the most affected.

    Although Washington has temporarily suspended “reciprocal tariffs” on European Union goods, the levies are set to resume on July 9. BDI estimates that, together with existing U.S. tariffs on EU-made cars and steel, these measures could reduce Germany’s 2025 growth by around 0.3 percentage points.

    “The German industrial sector is bracing for another difficult year,” Goenner said, noting that industrial output remains 9 percent below pre-pandemic levels and factory utilization is stuck below 80 percent. Despite some signs of stabilization, she added, “there is no sign of a real recovery.”

    Germany’s economy contracted in both 2023 and 2024, its first consecutive recession in two decades, driven largely by a prolonged downturn in manufacturing.

    “There is still a long road ahead to emerge from recession,” BDI President Peter Leibinger said. While he welcomed recent government measures such as tax relief, he stressed the need for more substantial reforms.

    Leibinger called on Chancellor Friedrich Merz’s coalition to implement bold structural changes, including cutting red tape and permanently lowering energy costs to restore Germany’s long-term industrial competitiveness. 

    MIL OSI China News

  • MIL-OSI Security: Defense News: Hohenfels Army Lodging recognized as the Army Lodging of the Year Award for 2024

    Source: United States Army

    USAG BAVARIA – HOHENFELS, Germany – The U.S. Army Lodging Operation of the Year Award recognizes outstanding performance and dedication in Army lodging operations, and U.S. Army Garrison Bavaria’s Army Lodging in Hohenfels recently received the award in the small category (1-60 rooms).

    The Hohenfels lodging facilities were established 1951 and have since been integral to supporting training activities and operations.

    “We are getting recognized for something that the team here has put a lot of hard work into over the last year, and I’m just really proud of what they’ve done,” said hotel manager Clifford Martin. “We focused a lot on customer service over the last couple of years, and I think we’ve been able to provide that to the guests, the Soldiers and our scores and our staff and everything reflects that at this point.”

    Winning organizations exhibit outstanding leadership by prioritizing customer service, fostering strong employee relations, ensuring effective financial management, and optimizing back-of-house systems critical to maintaining seamless operations.

    “Winning this award brings a lot of pride to me,” Martin said. “I’ve had the opportunity to really work with a great team. And in doing so, we’ve been able to offer a great facility to the guests for PCS and TDY into the Hohenfels area. So I am just really grateful and honored to have the team that we have here to be able to provide this service to the Soldiers.”

    The Army lodging team in Hohenfels consists of 18 staff members, and together they take care of 40 guest rooms spread across six buildings.

    “With everybody who is coming here, we are the first people that they come see, and we provide them with a place to stay and get them acclimatized to the area,” said assistant manager Marshall Smith. “And then we also support everybody going into the training area as they come and stay with us. So they have a place to come back to every night.”

    Army lodging guests range from Department of Defense travelers on official business, military members and their Families traveling on permanent change of station orders, retirees and military Families

    “This is a testament; it’s impressive to win this,” said USAG Bavaria commander Col. Stephen C. Flanagan, when he took part in the award presentation. “There are so many Army lodges all around the world, and you are one of the best. And it’s really important right now to take care of our warfighters and everyone that supports them coming through.”

    The Hohenfels Army Lodging is dedicated to provide quality lodging and hospitality services to their patrons to support the garrison’s mission and the community.

    “And I know you’re also working with older facilities, and we are working on that,” Flanagan said. ”What shines through is the customer service and the teamwork and that leaves everyone with a better experience. And you clearly go above and beyond to earn this award.”

    Some of the buildings are from 1949; A new Army Lodging facility is planned for 2028. The new six-floor facility will offer 82 apartments.

    Flanagan also presented the garrison coin to the lodging staff as part of the presentation.

    MIL Security OSI

  • MIL-OSI Security: Defense News: Iowa Army Guard Soldiers Train at Tigerland

    Source: United States Army

    FORT POLK, La. – More than 4,000 Soldiers from the Iowa Army National Guard trained throughout June at Fort Polk, undergoing one of the Army’s most demanding combat training events in preparation for an upcoming overseas deployment.

    Known since the Vietnam War era as “Tigerland,” Fort Polk and the Joint Readiness Training Center have become synonymous with forging combat-ready Soldiers through intense, realistic training. For Iowa’s 2nd Brigade Combat Team, 34th Infantry Division, this rotation marks a pivotal moment: their first full brigade deployment since 2010.

    At the Joint Readiness Training Center, or JRTC, Soldiers are evaluated under pressure. Their minds are stressed, their physical limits are tested and their endurance is pushed to the edge. From junior enlisted Soldiers to senior Iowa Army National Guard leaders, all participants endure mental, physical and emotional exhaustion.

    The JRTC is one of four Army combat training centers. The others are the Joint Multinational Readiness Cente in Hohenfels, Germany; the Joint Pacific Multinational Readiness Center at Schofield Barracks, Hawaii; and the National Training Center at Fort Irwin, California.

    The JRTC, however, is known for being the most grueling. The simulated combat environment, complete with force-on-force scenarios and constant stressors, provides Soldiers with some of the most realistic training they will encounter in their careers.

    “There are a lot of methods that we use to test Soldiers while they’re in the training area. One is simply the stress and pressure of combat,” said Brig. Gen. Derek Adams, the senior trainer for rotation 25-08. “We try to simulate that as best we can.”

    As the senior trainer, Adams works closely with observer-coach/trainers and the JRTC leadership to design, execute and evaluate the training rotation. He coordinates with the operations group, which oversees the exercise, monitors unit performance across all warfighting functions and delivers objective feedback through after-action reviews to improve readiness at every level.

    “JRTC emphasizes DOD’s priorities of lethality, warfighting and readiness by training the entire brigade combat team, from the individual Soldiers to the brigade combat team level,” Adams said. “It’s a large, complex organization, and this training reflects that.”

    This type of training marks a broader shift in Army doctrine.

    The Army is transitioning from the counterinsurgency operations of the past two decades to large-scale combat operations, or LSCO. Large-scale combat operations prepare Soldiers for potential conflicts with near-peer adversaries by emphasizing large-scale maneuvers, complex logistics and sustained combat power.

    “LSCO changes sustainment operations sheerly in the magnitude of what occurs,” said Col. Tony Smithhart, commander of the 734th Regional Support Group. “You’re talking about large numbers of Soldiers, large numbers of equipment.”

    The Regional Support Group is structured to provide logistical support to up to 20,000 Soldiers in a deployed environment. As the Regional Support Command for the JRTC, the RSG was tasked with coordinating all sustainment efforts. This included feeding more than 5,800 Soldiers, managing medical treatment and staging and preparing more than 2,500 pieces of equipment for operation.

    Planning for the JRTC began more than a year before the first boots hit the ground.

    “I made my first trip to Fort Polk about 18 months ago to determine the actual area we’d operate in,” Smithhart said. “Since then, my team at the 734th Regional Support Group has returned about six times to coordinate with Fort Polk staff, validate our node concepts and rehearse operations to support reception, staging, onward integration and base camp management.”

    The JRTC has earned its reputation. The environment is humid and rainy, the terrain is unforgiving and the scenarios evolve constantly.

    All of these factors come together to form a stressful and taxing exercise, but one that will toughen Soldiers. Despite numerous aspects working against them, the Soldiers of the 2nd Brigade Combat Team, 34th Infantry Division, proved they not only have the grit to complete their upcoming deployment successfully but also to complete any mission that is asked of them.

    “The scale of this operation is critical to the development of our Soldiers,” Smithhart said. “It’s been called a generational training opportunity, and I believe that’s accurate.”

    Related Links

    The Official Website of the National Guard | NationalGuard.mil

    The National Guard on Facebook | Facebook.com/TheNationalGuard

    The National Guard on X | X.com/USNationalGuard

    MIL Security OSI

  • MIL-OSI Security: Defense News: U.S. Army Garrison Italy remembers longtime auto skills mechanic

    Source: United States Army

    VICENZA, Italy – The military communities of U.S. Army Garrison Italy, including Vicenza and Camp Darby, are mourning the loss of Gene Willie Strahan Jr., a devoted automotive mechanic, beloved colleague and cherished friend.

    Strahan knew cars—especially BMWs, his favorite. Friends described him as a gentle giant who loved car shows, fishing and spending time with his tiny dog, Thor.

    A U.S. Army veteran, Strahan served in Germany in the 1980s. As a civilian, he began working in Mannheim, Germany. He later moved to Camp Darby, where he worked as a contractor and later at the post exchange. Many remember him from his time at Camp Darby’s Auto Skills Center. Following downsizing there, Strahan relocated to Vicenza, where he worked at the Auto Skills Center, part of the Directorate of Family and Morale, Welfare and Recreation.

    Strahan’s love of cars translated to a sincere dedication to community members who sought his help. He offered mechanical expertise to soldiers and civilians at Caserma Ederle with humility and genuine warmth. A few minutes in the shop with Strahan often felt more like catching up with an old friend than speaking with a mechanic.

    Over the years, Strahan earned several awards for his work. But his joy came from engaging with the community and making connections that lasted.

    News of his June 10 passing sparked an outpouring of online condolences from Americans and Italians in Vicenza and Camp Darby, as well as friends around the world who remembered his kindness during their time in Italy.

    Jimmy Roddy, DFMWR’s Business Recreation Division chief, first met Strahan 24 years ago at Camp Darby. There, Strahan helped organize the summer car show and became known for offering help to anyone with automotive issues.

    “A big guy, big smile with a bigger heart—always helpful,” Roddy said. “He was very low-key, for as big as he was. He was a gentle giant.”

    Nicknamed “The Frenchman” by fishing buddies, Strahan was born on Dec. 7, 1963 in France into a military family. He grew up around Army bases, to include time in Germany.

    Timothy Gordon, a friend from the Camp Darby days, recalled spending long hours fishing Italian rivers with him—a tradition that continued after both relocated to Vicenza. Another shared passion was cars.

    “If you asked him about a BMW, he could tell you about it from top to bottom,” Gordon said.

    In Vicenza, Strahan was often seen with Thor, a canine companion that went with him nearly everywhere.

    “The smallest dog you could imagine with the biggest man you could ever imagine,” Gordon said. “People would just watch them walk down the road. He just loved small dogs.”

    Strahan also befriended Soldiers, including Spc. Haron Palomo, a volunteer at the Auto Skills Center. Over the past two years, they joked, shared stories and discussed car repairs while Palomo restored a 1993 Honda Civic. As he did with other customers, Strahan offered tips on finding affordable parts.

    “Sadly, he didn’t get to see it finished,” Palomo said.

    Strahan is survived by his mother, daughter, sister and brothers, including Michael Strahan, a television host and former professional football player.

    A memorial service will be held at noon on June 25 at Caserma Ederle’s Chapel. A second service is scheduled for noon on June 26 at Camp Darby’s chapel.

    MIL Security OSI

  • MIL-OSI Security: Defense News: USAG Bavaria, OTH Amberg-Weiden Launch Innovative Learning Partnership

    Source: United States Army

    TOWER BARRACKS, Germany – U.S. Army Garrison Bavaria and Ostbayerische Technische Hochschule Amberg-Weiden celebrated their official partnership May 22, 2025, marking the beginning of an initiative that creates an innovative learning environment.

    This partnership aims to support and promote the exchange between practical and theoretical learning, which is achieved by integrating OTH students and faculty into real-world projects with USAG Bavaria.

    “This is a massive win-win,” said Dwayne D. Key II, deputy to the garrison commander at USAG Bavaria. “I’m most excited not just about meeting the students and seeing ourselves through their eyes. And I think this present generation of learners is so phenomenal.”

    With the support of 120 professors across its four faculties and 54 degree programs, OTH Amberg-Weiden serves approximately 4,200 students and is known for its innovative, future-oriented education.

    Professor Dr. med. Clemens Bulitta, president of OTH Amberg-Weiden, emphasized the importance of this new addition to the university’s partnership network.

    “It’s all about networking and about bringing people together,” Bulitta said. “When you bring people together, they will exchange thoughts, create ideas, become innovative, and they will drive and strengthen partnership and push developments. And now you become part of this network and the doors are opening on both sides.”

    “This partnership drives innovation,” said Lukas Miserra, management analyst for USAG Bavaria. “It strengthens USAG Bavaria by integrating academic expertise and fostering collaboration between students and professionals with the garrison, providing valuable insights and practical experience.”

    Both sides expressed enthusiasm for growing the partnership and involving more regional actors in future cooperation.

    “There’s so much linked here in in this region and such a longstanding tradition of exchange between the communities,” Bulitta said. “We want to get to the point where young people become part of this exchange culture. Bringing people together opens options.”

    MIL Security OSI

  • MIL-OSI: Service CU Launches Service Ventures to Drive Innovation in the Credit Union Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    PORTSMOUTH, N.H., June 23, 2025 (GLOBE NEWSWIRE) — Service Ventures, an independent investment arm of Service Credit Union, has officially launched to allow the credit union to drive its mission of improving members’ financial well-being while also helping their experience.

    Service Ventures invests in solutions that empower credit unions to deliver exceptional member experiences. The firm seeks partnerships with startups that share a commitment to enhancing service, accessibility, and operational excellence across the credit union landscape.

    In its early stage, Service Ventures has already made strategic investments in several innovative companies, including member engagement platform Larky, deposit management solution Modern FI CUSO, conversational AI assistant Posh AI, and wealth technology company WealthCabinet. More information on each of these companies can be found at service.vc/portfolio.

    Service Ventures is led by General Partner Brian Regan. Before joining Service Ventures in 2024, Brian co-founded Strake, a cloud optimization company. Prior to that, Brian worked for VMWare’s Security Business Unit, where he focused on mergers and acquisitions, partnerships, and business planning initiatives.

    “Service Ventures will fuel the next generation of companies that help credit unions better serve their members,” Regan said. “We’re focused on ethical, member-first solutions and are excited to bring visionary founders into the fold of opportunity within the cooperative banking space.”

    About Service Ventures

    Service Ventures is the independent venture capital arm of Service Credit Union, a $6+ billion financial institution serving more than 350,000 members worldwide. Service Ventures invests in innovative financial technology companies that align with the credit union philosophy of people helping people and fosters partnerships that drive meaningful impact across the financial services landscape.

    About Service Credit Union

    Service Credit Union is dedicated to providing a banking experience that improves our members’ lives and the communities in which they live. Established in 1957 to provide affordable credit to the Pease Air Force Base community, and now the largest credit union in New Hampshire, with over $6 billion in assets and 50 branch locations in the New England Region and Germany, we continue to provide a better future to our members all over the world. To learn more about Service Credit Union, please visit www.servicecu.org.

    Contact:
    Chris Banker
    cbanker@servicecu.org (603) 923-0904

    The MIL Network

  • MIL-OSI NGOs: EU/Israel: ‘Timid’ review of EU-Israel Association Agreement a ‘greenlight to Israel’s genocide’

    Source: Amnesty International –

    Responding to the European Commission’s review of the EU-Israel Association Agreement which found ‘indications’ that Israel is breaching its human rights obligations, Eve Geddie the Director of Amnesty International’s European Institutions Office said:

    “Despite its timid wording, the European Commission finally states the obvious: Israel is breaching its human rights obligations under the Agreement. This is an indisputable fact that Amnesty International, international courts, UN bodies, independent experts, prominent Palestinian, Israeli and international NGOs, scholars, commentators and former diplomats have been saying for years.

    “It is unforgivable that it took the EU so long to launch this review and disturbing to see the EU fail to set out any measures it plans to take against Israel. Every day the EU delays meaningful action, is a greenlight for Israel to continue its genocide in the Gaza Strip and unlawful occupation of the whole Occupied Palestinian Territory (OPT).

    “The EU and its member states have an obligation to ban trade and investment that could contribute to Israel’s genocide against Palestinians in the Gaza Strip and other grave violations of international law, including the crime against humanity of apartheid against all Palestinians whose rights it controls.

    “Now that they have determined there are ‘indications’ that Israel is breaching human rights, there is no excuse for inaction or delays. Every deal that EU member states do with Israel in the meantime, leaves them at risk of being complicit in Israel’s grave violations of international law, including genocide.

    “Member states in favour of suspending the agreement must use all their diplomatic weight to ensure that opponents of the suspension, including Germany, fully understand the risk of complicity and the cruel toll on Palestinian lives of continued EU inaction. If the EU fails to live up to these obligations as a bloc, and seeks to shield itself from its clear legal obligations, its member states must unilaterally suspend all forms of cooperation that may contribute to violations of international law.”

    Background

    On 23 June 2025, the European Commission presented its review of the EU-Israel Association Agreement to EU foreign ministers. The review found ‘indications’ that Israel is breaching its human rights obligations but did not present any measures for the EU to take in response.

    Amnesty International has long called for a thorough, comprehensive, and credible review the Association Agreement in line with EU member states’ obligations to prevent trade and investment that contributes to maintaining Israel’s unlawful occupation of the OPT, as set out by the International Court of Justice’s Advisory Opinion of 19 July 2024 and obligations not to render aid or assistance to the commission of crimes under international law.

    MIL OSI NGO

  • MIL-OSI Analysis: How to protect your favourite urban trees from increasing danger

    Source: The Conversation – UK – By Lucy Grace, PhD Candidate, Climate Change and Literature, Nottingham Trent University

    Whether your favourite tree is in a private garden, on wasteland, in a school playground or on the street, your emotional response may be admiration, relaxation, rejuvenation or awareness of the seasons passing. But so many special trees are experiencing a combination of threats.

    According to a new report from environmental charity the Tree Council and government-funded agency Forest Research, introduced pests and diseases, pollution, extreme weather and infrastructure development are all on the increase, which could be a disaster for the UK’s trees. These affect trees’ condition, resilience and capacity to mitigate the climate and nature crises.

    Not only do trees play ecological roles in nature, such as shelter for wildlife and protection from floods, many people have long-standing connections to trees. A report from the Tree Council highlights the role of trees as an important part of the “fabric of human cultures and societies”.

    This demonstrates a move away from appreciating only the ecological benefits provided by urban trees and towards the social and cultural importance they hold for local populations.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    The ecological and biodiversity values of trees are well-documented. Trees offer homes and food for birds, insects and wildlife. They prevent rainwater reaching the ground by as much as 45%. When combined with grass, surface water flooding is reduced by 99% compared with tarmac. Urban trees reduce air pollution, quieten noise and keep cities shaded and cool.

    Thousands of people cast votes for their favourite trees in the UK and Europe. In a recent study, over half of 1,800 adults surveyed said they had a favourite tree and 74% felt that urban development is the greatest threat to our trees.

    That’s not the only threat, though. Single species planting of street trees, for example, leaves the trees vulnerable to diseases (such as Dutch elm or ash dieback). Rising temperatures and water scarcity leaves trees competing for resources.

    But what does that mean for our urban trees? Approximately 30% of tree cover in England exists outside forest and woodland. Such trees form an essential habitat in urban areas where 83% of the UK’s population live, yet more than ever before our urban trees are facing threats from a deadly combination of environmental change and human development. In Wales, for example, 7,000 mature trees in towns and cities were lost between 2006 and 2013.

    To try to address this growing crisis, woodland charity Forest Research have released a new, national free to use “trees outside woodland” map. This refers to any trees found in settings such as parks, open countryside and farmland, gardens and estates, or beside roads and paths.

    These can be on a street corner, beside a railway track or in a market square and includes very old trees like those listed on the ancient tree inventory plus otherwise unremarkable trees growing in unusual settings, such as the vandalised 200-year-old Sycamore Gap tree.

    Why we love trees

    England is dawdling behind many other countries when it comes to protecting important trees. Forest Research found that trees outside woodland share many of the social and cultural values associated with trees in woodlands, however people make specific relationships with these urban trees and they are more likely to be considered unique and irreplaceable.

    Trees in urban areas have huge social benefits too.
    Karo Martu/Shutterstock

    They can be recognised for their grace and beauty or for their associations with customs, beliefs and rituals. They can be a place to rest and play and symbols of community belonging. They can give a sense of continuity, connecting people’s lifespans with reflections about the natural world and everything beyond.

    Many countries give clear titles to their important trees. In Poland, they are called natural monuments, in Germany they are living monuments. Spain, Belgium, Greece, Mexico and Finland use the term “monumental trees”. In New Zealand, special urban trees are referred to as national living landmarks. Currently England falls behind in designating trees for protection based on their historical or aesthetic importance.

    Trees for everyone

    A common feature across many countries is the opportunity for anyone, including members of the public, to recommend a tree for protection. Tree equity is the idea that everyone should have access to the benefits of trees. It includes prioritising and deploying resources in the areas where people have least access to them.

    Tree inequity exists in most UK towns and cities. On average, the most economically and socially deprived and most ethnically diverse neighbourhoods have half the tree canopy cover compared to the least deprived and least diverse.

    Canopy cover ranges from 1–2% in parts of north-east England to 36% in Hampstead, north London. Even within London there are wide variations.

    So ensure your favourite tree can be appreciated and celebrated by your community as a living monument, make sure it is on the Trees Outside Woodland map. And check if it needs a drink.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


    Lucy Grace receives funding from AHRC for her PhD through the Midlands4Cities Doctoral Training Partnership.

    ref. How to protect your favourite urban trees from increasing danger – https://theconversation.com/how-to-protect-your-favourite-urban-trees-from-increasing-danger-258227

    MIL OSI Analysis

  • MIL-OSI Analysis: How to protect your favourite urban trees from increasing danger

    Source: The Conversation – UK – By Lucy Grace, PhD Candidate, Climate Change and Literature, Nottingham Trent University

    Whether your favourite tree is in a private garden, on wasteland, in a school playground or on the street, your emotional response may be admiration, relaxation, rejuvenation or awareness of the seasons passing. But so many special trees are experiencing a combination of threats.

    According to a new report from environmental charity the Tree Council and government-funded agency Forest Research, introduced pests and diseases, pollution, extreme weather and infrastructure development are all on the increase, which could be a disaster for the UK’s trees. These affect trees’ condition, resilience and capacity to mitigate the climate and nature crises.

    Not only do trees play ecological roles in nature, such as shelter for wildlife and protection from floods, many people have long-standing connections to trees. A report from the Tree Council highlights the role of trees as an important part of the “fabric of human cultures and societies”.

    This demonstrates a move away from appreciating only the ecological benefits provided by urban trees and towards the social and cultural importance they hold for local populations.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    The ecological and biodiversity values of trees are well-documented. Trees offer homes and food for birds, insects and wildlife. They prevent rainwater reaching the ground by as much as 45%. When combined with grass, surface water flooding is reduced by 99% compared with tarmac. Urban trees reduce air pollution, quieten noise and keep cities shaded and cool.

    Thousands of people cast votes for their favourite trees in the UK and Europe. In a recent study, over half of 1,800 adults surveyed said they had a favourite tree and 74% felt that urban development is the greatest threat to our trees.

    That’s not the only threat, though. Single species planting of street trees, for example, leaves the trees vulnerable to diseases (such as Dutch elm or ash dieback). Rising temperatures and water scarcity leaves trees competing for resources.

    But what does that mean for our urban trees? Approximately 30% of tree cover in England exists outside forest and woodland. Such trees form an essential habitat in urban areas where 83% of the UK’s population live, yet more than ever before our urban trees are facing threats from a deadly combination of environmental change and human development. In Wales, for example, 7,000 mature trees in towns and cities were lost between 2006 and 2013.

    To try to address this growing crisis, woodland charity Forest Research have released a new, national free to use “trees outside woodland” map. This refers to any trees found in settings such as parks, open countryside and farmland, gardens and estates, or beside roads and paths.

    These can be on a street corner, beside a railway track or in a market square and includes very old trees like those listed on the ancient tree inventory plus otherwise unremarkable trees growing in unusual settings, such as the vandalised 200-year-old Sycamore Gap tree.

    Why we love trees

    England is dawdling behind many other countries when it comes to protecting important trees. Forest Research found that trees outside woodland share many of the social and cultural values associated with trees in woodlands, however people make specific relationships with these urban trees and they are more likely to be considered unique and irreplaceable.

    Trees in urban areas have huge social benefits too.
    Karo Martu/Shutterstock

    They can be recognised for their grace and beauty or for their associations with customs, beliefs and rituals. They can be a place to rest and play and symbols of community belonging. They can give a sense of continuity, connecting people’s lifespans with reflections about the natural world and everything beyond.

    Many countries give clear titles to their important trees. In Poland, they are called natural monuments, in Germany they are living monuments. Spain, Belgium, Greece, Mexico and Finland use the term “monumental trees”. In New Zealand, special urban trees are referred to as national living landmarks. Currently England falls behind in designating trees for protection based on their historical or aesthetic importance.

    Trees for everyone

    A common feature across many countries is the opportunity for anyone, including members of the public, to recommend a tree for protection. Tree equity is the idea that everyone should have access to the benefits of trees. It includes prioritising and deploying resources in the areas where people have least access to them.

    Tree inequity exists in most UK towns and cities. On average, the most economically and socially deprived and most ethnically diverse neighbourhoods have half the tree canopy cover compared to the least deprived and least diverse.

    Canopy cover ranges from 1–2% in parts of north-east England to 36% in Hampstead, north London. Even within London there are wide variations.

    So ensure your favourite tree can be appreciated and celebrated by your community as a living monument, make sure it is on the Trees Outside Woodland map. And check if it needs a drink.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


    Lucy Grace receives funding from AHRC for her PhD through the Midlands4Cities Doctoral Training Partnership.

    ref. How to protect your favourite urban trees from increasing danger – https://theconversation.com/how-to-protect-your-favourite-urban-trees-from-increasing-danger-258227

    MIL OSI Analysis

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

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Monaco / Paris, 23 June 2025

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

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

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

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

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

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

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

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

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

    ****

    Indosuez Wealth Management contacts

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

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

    *****

    About Indosuez Wealth Management

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

    About CFM Indosuez Wealth Management

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

    About BNP Paribas in Monaco

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

    Attachment

    The MIL Network

  • MIL-OSI: Coface SA: Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Source: GlobeNewswire (MIL-OSI)

    Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Paris, 23 June 2025 – 17.45

    Coface announces the creation of a dedicated technological hub focused on data, connectivity, and product innovation led by Thibault Surer, Group Strategy and Development Director. Thibault Surer will continue to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    Coface also announces the appointment of Joerg Diewald as Information Services and Partnerships Director to support and accelerate the business development of these two strategic activities.

    These changes will be effective from July 1st, 2025.

    These appointments strengthen Coface’s governance and are perfectly in line with the Group’s strategic focus, notably around data and innovation.

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “Over the last 12 months, we have made significant progress in Information Services and data. This strengthening of governance is an important step of our continued efforts and will allow us to face up the complexity and scale of the transformation required. These appointments are perfectly in line with the objectives of our strategic plan Power The Core, which aims to reach data and technology excellence and generate a grow profitably Information Services.”

     

    Thibault Surer, Group Strategy and Development Director will lead a dedicated technological hub focused on data, connectivity, and product innovation while continuing to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    As our investments in data and innovation grow, it is becoming clear that the complexity and scale of the transformations required in these domains deserve greater attention and a strengthened governance. This is the objective behind the creation of the technology hub.

      
    Joerg Diewald, appointed as the new Global Head of Information Services and partnerships will focus on the business development of these two strategic activities.

    Before joining Coface, he served as Chief Commercial Officer and Board Member at Solarisbank AG in Berlin, a Fintech company operating in the digital banking industry. Joerg brings more than 30 years of international experience in banking, commercial finance, and risk management.

    Based in Mainz, Germany, Joerg Diewald directly reports to Xavier Durand, Chief Executive Officer of Coface.

    CONTACTS

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

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

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

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

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

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

    www.coface.com

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

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 5 April 2024 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    The MIL Network

  • MIL-OSI: Coface SA: Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Source: GlobeNewswire (MIL-OSI)

    Coface strengthens its strategic focus on data and innovation, and continues to invest in its Information Services growth

    Paris, 23 June 2025 – 17.45

    Coface announces the creation of a dedicated technological hub focused on data, connectivity, and product innovation led by Thibault Surer, Group Strategy and Development Director. Thibault Surer will continue to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    Coface also announces the appointment of Joerg Diewald as Information Services and Partnerships Director to support and accelerate the business development of these two strategic activities.

    These changes will be effective from July 1st, 2025.

    These appointments strengthen Coface’s governance and are perfectly in line with the Group’s strategic focus, notably around data and innovation.

    Xavier Durand, Coface’s Chief Executive Officer, commented:
    “Over the last 12 months, we have made significant progress in Information Services and data. This strengthening of governance is an important step of our continued efforts and will allow us to face up the complexity and scale of the transformation required. These appointments are perfectly in line with the objectives of our strategic plan Power The Core, which aims to reach data and technology excellence and generate a grow profitably Information Services.”

     

    Thibault Surer, Group Strategy and Development Director will lead a dedicated technological hub focused on data, connectivity, and product innovation while continuing to oversee Strategy, Economic research, Marketing, and Mergers & Acquisitions.

    As our investments in data and innovation grow, it is becoming clear that the complexity and scale of the transformations required in these domains deserve greater attention and a strengthened governance. This is the objective behind the creation of the technology hub.

      
    Joerg Diewald, appointed as the new Global Head of Information Services and partnerships will focus on the business development of these two strategic activities.

    Before joining Coface, he served as Chief Commercial Officer and Board Member at Solarisbank AG in Berlin, a Fintech company operating in the digital banking industry. Joerg brings more than 30 years of international experience in banking, commercial finance, and risk management.

    Based in Mainz, Germany, Joerg Diewald directly reports to Xavier Durand, Chief Executive Officer of Coface.

    CONTACTS

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

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

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

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

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

    COFACE: FOR TRADE
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    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

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    The MIL Network

  • MIL-OSI Economics: ICC elects four new members to the Executive Board

    Source: International Chamber of Commerce

    Headline: ICC elects four new members to the Executive Board

    The new members were formally elected during the annual meeting of the ICC World Council on 19 June 2025 and will each serve a three-year term effective 19 June 2025. The diverse experience of new members will enrich ICC’s roadmap to enable peace and prosperity through trade and reflects ICC’s continued commitment to geographic representation and diversity of expertise as the world’s largest and most inclusive business organisation.

    The ICC Executive Board is responsible for developing and implementing ICC’s strategy, policy and programme of action as well as for overseeing the financial affairs of ICC. 

    ICC Chair Philippe Varin said:

    “I’m very pleased to welcome this exceptional group of global leaders who bring deep expertise and fresh perspectives to ICC. Their leadership will be vital as we continue charting a path forward in delivering real-world solutions for business in a changing global environment. My thanks also to our outgoing Board members for their contributions.”

    The new Board members are: 

    Mohammad Lootah

    Mohammad Ali Rashed Lootah is the President and CEO of Dubai Chambers, where he leads strategic initiatives to enhance Dubai’s business environment, attract foreign investment, support global business expansion, and promote the digital economy. Prior to this role, he held several key leadership positions within Dubai’s Department of Economy and Tourism, including CEO of Commercial Compliance and Consumer Protection, overseeing areas such as consumer rights, business protection, and intellectual property. He also served in senior roles at the Department of Economic Development and the Dubai Land Department. 

    Zhang Hui

    Zhang Hui is Vice Chairman, Executive Director and President of the Bank of China, roles he assumed between December 2024 and January 2025. He also serves as Vice Chairman of BOC Hong Kong (Holdings) Limited. Mr Zhang joined the Bank of China in 2024 after serving as Executive Vice President of China Development Bank from 2021 to 2024. Prior to that, he spent many years at Bank of Communications, where he held various senior roles including as Chief Risk Officer, general manager of several risk management departments, and president of regional branches including in Guizhou and Shanghai. 

    Anousheh Ansari

    Anousheh Ansari is the CEO of XPRIZE, where she leads global innovation competitions addressing some of humanity’s most pressing challenges. A tech entrepreneur and space pioneer, Ms Ansari co-founded and led Prodea Systems, an IoT company recognised among Inc. Magazine’s 500 fastest-growing firms. In 2006, she became the first female private space explorer, the first astronaut of Iranian descent, and the first Muslim woman in space. Under her leadership, XPRIZE has awarded over US$81 million and launched US$361 million in active competitions. Ms Ansari also serves in various global advisory roles, including with the World Economic Forum, GESDA and UNESCO, and is an advocate for women entrepreneurs through initiatives like The Billion Dollar Fund for Women.

    Kobkarn Wattanavrangkul

    Kobkarn Wattanavrangkul is a Thai business leader and former Minister of Tourism and Sports, known for her contributions to both public policy and corporate governance. As Thailand’s tourism minister from 2014 to 2017, Ms Wattanavrangkul championed sustainable tourism and cultural heritage. She currently serves as Chair of the Board of Directors at Kasikornbank and Toshiba Thailand, and plays an active role in advancing education, innovation and international cooperation through various institutional boards. Ms Wattanavrangkul’s career reflects a strong commitment to inclusive and sustainable development in Thailand.

    Term renewals

    Elected to serve on the ICC Executive Board for a second term during the World Council meeting were Holger Bingmann (Germany), Managing Partner, Bingmann Pflüger International GmbH, Rebecca Enonchong (Cameroon), CEO, AppsTech and Chair of Afrilabs, Marjorie Yang (Hong Kong), Chair, Esquel Group, Lama Al Sulaiman (Saudi Arabia), Shareholder and Board Member of Rolaco Holdings, KSA and LUX and Justin D’Agostino (Hong Kong), Global CEO, Herbert Smith Freehills Kramer.

    Outgoing Board members are Candace Johnson (United States/Luxemburg), Vice-Chair, NorthStar Earth and Space, Fredrik Cappelen (Sweden), Chairman and Board Member in the Swedish and Nordic industry, Valentina Mintah (Ghana), Founder West Blue Consulting, Zhang Xiaolun (China) Chair, China National Machinery Industry Corporation (SINOMACH).

    Leading chambers worldwide

    The ICC World Council also ratified the re-election of Rifat Hisarcıklıoğlu as Chair of the ICC World Chambers Federation (WCF) for a second three-year term commencing 20 June 2025. Mr Hisarcıklıoğlu is Chair of ICC Türkiye and President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).

    MIL OSI Economics

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

    Source: US State of Connecticut

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    MIL OSI USA News

  • MIL-OSI NGOs: ‘Everyone Hates Elon’ and Greenpeace unfold giant banner on Piazza San Marco ahead of Bezos’ wedding 

    Source: Greenpeace Statement –

    Venice, Italy – Activists from the UK action group Everyone hates Elon and Greenpeace Italy unfolded a giant 20x20m banner reading “If you can rent Venice for your wedding, you can pay more tax” on Piazza San Marco, as Jeff Bezos is due to celebrate his reportedly multi-million wedding in the lagoon city this week.

    A spokesperson from Everyone Hates Elon said: “As governments talk about hard choices and struggle to fund public services, Jeff Bezos can afford to shut down half a city for days on end just to get married. Just weeks ago he spent millions on an 11 minute space trip. If there was ever a sign billionaires like Bezos should pay wealth taxes, it’s this.” 

    Clara Thompson, Greenpeace campaigner, said: “While Venice is sinking under the weight of the climate crisis, billionaires are partying like there is no tomorrow on their mega yachts. This isn’t just about one person — it’s about changing the rules so no billionaire can dodge responsibility, anywhere. The real issue is a broken system that lets billionaires skip out on their fair share of taxes while everyone else is left to foot the bill. That’s why we need fair, inclusive tax rules, and they must be written at the UN.”

    A tax on the super-rich would help to fund the necessary transition to a green and just future, fund affordable housing, cheaper public transport or home insulation. Greenpeace’s ship, the Arctic Sunrise, was anchored at the port of Venice last week-end to promote this transition and expose the damage the fossil fuel industry causes to the people and the planet.

    ENDS

    Photos and Videos can be downloaded via Greenpeace Media Library.

    Contacts: 

    Clara Thompson, EU Lead Campaigner People over Greed project, part of the Global Fair Share campaign, based at Greenpeace Germany, +49 1758530226, [email protected]

    Christine Gebeneter, EU Communication Lead, People over Greed project, part of the Global Fair Share campaign, based at Greenpeace Central-and Eastern Europe, +43 664 8403807, [email protected]

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

    MIL OSI NGO

  • MIL-OSI Russia: 2025 FIBA 3×3 World Championship Kicks Off in Mongolia

    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

    ULAN BATOR, June 23 (Xinhua) — The 2025 FIBA 3×3 World Championship kicked off in Mongolia’s capital on Monday.

    The ninth edition of this prestigious basketball tournament will feature 20 men’s and 20 women’s teams from countries such as China, Mongolia, Austria, Belgium, Germany, Switzerland and the United States. They will compete for the right to become world champions.

    The competition, which runs until Sunday, promises exciting basketball matches with the best teams and players battling for glory. –0–

    MIL OSI Russia News

  • MIL-OSI Africa: Constitutional Court a beacon of democracy

    Source: South Africa News Agency

    President Cyril Ramaphosa has used his weekly newsletter to call on all South Africans to “honour the proud history” of the Constitutional Court.

    “This year marks 30 years since the court convened for the first time, marking a new, bold chapter of our democratic journey. 

    “The imperative for the establishment of a specialised constitutional court was a key facet of the multiparty negotiations that preceded the democratic transition,” the President said.

    The court was established during a precarious time in South Africa where the country was in transition from apartheid towards a democratic order.

    “Whilst some believed that existing structures such as the Supreme Court could perform this task, the African National Congress advocated for a new court that was untainted by the past. 

    “Just as drafters of the constitution itself drew heavily on the experiences of other countries – when considering the model of the court we looked to other jurisdictions for inspiration.  One of these was Germany’s Federal Constitutional Court that was established in 1951.

    “In this respect, this proud institution of our democracy is the product of constitutional solidarity. It draws on the wisdom and support of international partners, yet remains uniquely South African in its outlook, its orientation and values,” the President said.

    Over the past 30 years, the court has made some far-reaching and landmark judgments including those related to prisoner voting rights and HIV/AIDS treatment.

    “Yet its less well-known judgments that have had equally dramatic impact on matters such as upholding the rights of pensioners to not having their old age grants disrupted, the rights of smallholder farmers to not have their livestock impounded under colonial-era ordinances, the rights of women in customary marriages, and upholding the rights of rail commuters to safety,” he highlighted.

    United in diversity

    President Ramaphosa noted that the diverse composition of the bench of judges has “played an important role in shaping the court’s jurisprudence”.

    “In 2007 former Chief Justice Pius Langa highlighted the centrality of judicial diversity, saying this was not confined solely to an appropriate racial or gender mix, but that a wide range of views and life experiences are represented.

    “Judicial diversity, Justice Langa said, is likely to increase judicial dissent, and hence improve the quality of decisions,” he said.

    The President highlighted that throughout its life, the court has delivered on its work “without fear or favour, not hesitating to hold even the most powerful in society to account” – ensuring public trust in the institution.

    “An Ipsos poll released earlier this year found that most South Africans view democracy, human rights and the rule of law as universal values that all nations deserve and must aspire towards. 

    “The majority of respondents also believed that South Africa is a good example of a democracy, and has a responsibility to be a moral leader in the world. This confidence is a result of the abiding trust the public has in our Constitutional Court.

    “As we celebrate this milestone, we should honour the proud history of the court by continuing to work together as all of society to realise the full promise of our Constitution,” President Ramaphosa concluded. – SAnews.gov.za

    MIL OSI Africa

  • India set to outpace G7 economies, says Equirus report

    Source: Government of India

    Source: Government of India (4)

    A recent report by wealth management firm Equirus has underlined India’s structural economic strengths, stating the country is poised to outpace G7 economies in the coming years. The report suggests that global capital can no longer afford to ignore India’s evolving economic landscape.

    According to Equirus, India’s growth is being powered by strong macroeconomic fundamentals, government-led capital expenditure, a revival in rural consumption, and a structural shift in manufacturing. These factors, the report notes, are positioning India favourably amid a globally uncertain economic environment.

    Equirus Credence Family Office CEO Mitesh Shah said India is no longer just the fastest-growing economy on paper, but is structurally better placed than most of the G7 nations. He described this as a “seismic shift” in global economic dynamics. Highlighting the shift in global macro trends, Shah pointed out that India is expected to contribute over 15 per cent to global GDP growth between 2025 and 2030, whereas traditional global investment strategies are beginning to falter.

    The report outlines how India is benefiting from critical structural trends. These include a significant uptick in rural demand, where FMCG consumption in rural areas grew by 6 per cent, compared to 2.8 per cent in urban regions. In addition, government-led capital expenditure is set to increase by 17.4 per cent, alongside a Rs 2.5 lakh crore liquidity infusion currently underway.

    Over the last decade, the monthly per capita expenditure gap between rural and urban households has narrowed from 84 per cent to 70 per cent, further supporting the case for a consumption-led recovery in the Indian economy.

    Equirus also questions the continued relevance of the traditional 60/40 portfolio strategy, which divides assets between equities and bonds. In an increasingly fragmented global financial landscape, the report argues, dynamic and geography-spanning asset allocation is not just advisable but essential for both capital preservation and alpha generation.

    India’s rising global economic stature is evident in its growing contribution to global GDP growth, which now significantly exceeds that of Japan and Germany. The report also highlights broader global shifts that support India’s rise, including a decline of around 6 per cent in the Dollar Index (DXY) from its 2025 peak and stable crude oil prices near $70 per barrel, both of which help ease India’s import burden.

    On the manufacturing front, the report notes the gradual materialisation of the ‘China +1’ strategy. With multinational corporations like Apple moving parts of their iPhone production to India, the country is gaining from favourable cost structures, lower attrition rates, and stronger geopolitical alignment.

    India’s post-election economic outlook is also bolstered by a capex push led by both central and state governments. With a 17.4 per cent rise in capital spending and liquidity support via phased CRR cuts, the report sees these developments as a key force behind India’s economic momentum.

    -IANS

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

    Source: Government of India

    Source: Government of India (4)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    EUROPEAN EFFORT ENDED IN FAILURE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    “MULTIPLE CHANNELS” FOR U.S. TALKS

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

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

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

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

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

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

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

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

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

    (Reuters)

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

    Source: Government of India

    Source: Government of India (4)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    EUROPEAN EFFORT ENDED IN FAILURE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    “MULTIPLE CHANNELS” FOR U.S. TALKS

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

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

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

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

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

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

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

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

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

    (Reuters)

  • MIL-OSI: Global Electronics Association Debuts; New Name Elevates IPC’s 70-Year Legacy as Voice of $6 Trillion Electronics Industry

    Source: GlobeNewswire (MIL-OSI)

    Electronics Standards and Certifications Leader Unveils New Vision and Mission for Supply Chain Harmonization and Advocacy, Releases Global Trade Flows Study

    BANNOCKBURN, Ill., June 23, 2025 (GLOBE NEWSWIRE) — Today begins a new chapter for IPC as it officially becomes the Global Electronics Association, reflecting its role as the voice of the electronics industry. Guided by the vision of “Better electronics for a better world,” the Global Electronics Association (electronics.org) is dedicated to enhancing supply chain resilience and promoting accelerated growth through engagement with more than 3,000 member companies, thousands of partners, and dozens of governments across the globe.

    “The Board’s support and approval of this transformation shows our collective recognition that the electronics industry has fundamentally changed. The Association has expanded well beyond its beginning in printed circuit boards – we’re enabling AI, autonomous vehicles, next-generation communications, and much more,” said Tom Edman, board chair of the Global Electronics Association and president and CEO of TTM Technologies. “As we chart our path forward with our new name, we will continue and elevate our efforts to build partnerships between governments and industries, foster new investment, drive innovation across the industry, and minimize disruptions in the electronics supply chain.”

    As part of its new mission, the Association is increasing resources to strengthen advocacy, deepen industry insights, and enhance stakeholder communications — all aimed at advancing and elevating the electronics industry. To champion a resilient and growing supply chain, the Association represents the entire ecosystem of diverse subsectors that contribute to this complex industry.

    “Electronics today are the backbone of all industries, which makes its supply chain crucial to economies, governments, and everyday life,” said Dr. John W. Mitchell, president and CEO of the Global Electronics Association. “Our new mission and vision position us to work more deeply with industry and our members globally to advocate for the importance of electronics in our continuously changing world.”

    The Global Electronics Association will retain the IPC brand for the industry’s standards and certification programs, which are vital to ensure product reliability and consistency. The IPC Education Foundation is now known as the Electronics Foundation, continuing to focus on solving the talent challenges for the electronics industry.

    Global Electronics Trade Flows
    The Global Electronics Association also released a trade flows study of the global electronics industry, which now represents more than $1 in every $5 of global merchandise trade.

    Key findings include:

    • Electronics supply chains are more globally integrated than any other industry, surpassing even the automotive sector in cross-border complexity.
    • Trade inputs like semiconductors and connectors now exceed trade in finished products such as smartphones and laptops, with global electronics trade totaling $4.5 trillion in 2023, including $2.5 trillion in components alone.
    • Top exporters such as China, Vietnam, and India are among the fastest-growing importers of electronic inputs, underscoring the deep interdependence embedded in global electronics production.
    • This mutual reliance challenges the viability of reshoring and decoupling strategies, as rising export powers depend on components from across the world.

    Mitchell concluded: “Our trade flows analysis reinforces that resilience, not self-sufficiency, is the foundation of competitiveness in the electronics age. No single company or country can stand alone. The complexities of the electronics ecosystem require collaboration and partnership with others. The Global Electronics Association is here to help create a vital and thriving global electronics supply chain through industry, government, and stakeholder collaboration.”

    Global Operations Supporting Entire Value Chain
    The electronics value chain supported by the Global Electronics Association – from design to final product – encompasses original equipment manufacturers, semiconductors, printed circuit boards, assembly and manufacturing services, harnesses, materials, and equipment suppliers. The Association has operations in Belgium, China, Germany, India, Japan, Korea, Malaysia, Mexico, Taiwan, and the United States, and a presence across dozens more countries to support its members.

    About the Global Electronics Association
    The Global Electronics Association is the voice of the electronics industry, working with thousands of members and partners to build a more resilient supply chain and drive sustainable growth. We advocate for fair trade, smart regulation, and regional manufacturing, and educate on industry practices, actionable intelligence and technical innovations to empower the future. The Association collaborates with governments and companies worldwide to advance a trusted and prosperous electronics industry. Formerly known as IPC, the organization serves a $6 trillion market and operates from offices across Asia-Pacific, Europe and North and South America. Learn more at www.electronics.org.

    Contact:
    Michelle Leff Mermelstein
    Michellemermelstein@electronics.org  
    + 1 202-661-8092 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d245e078-4a14-42eb-b999-a98d2c7cdb94

    The MIL Network

  • MIL-OSI China: Inter leaves it late as Dortmund, Flu hit four

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

    Fluminense, Inter Milan and Borussia Dortmund all recorded crucial wins on Saturday at the FIFA Club World Cup, while River Plate was held to a goalless draw by Monterrey.

    At the MetLife Stadium in New Jersey, Brazil’s Fluminense recovered from 2-1 down to beat South Korean side Ulsan 4-2.

    Bayern Munich’s Konrad Laimer (L) vies with Boca Juniors’ Lautaro Blanco (C) during the group C match between Bayern Munich of Germany and CA Boca Juniors of Argentina at the FIFA Club World Cup 2025 at the Hard Rock Stadium, Miami, the United States, June 20, 2025. (Xinhua/Li Ming)

    Colombian midfielder Jhon Arias opened the scoring for Fluminense with a fizzing 25-yard free-kick but Lee Jin-hyun equalized from a tight angle after Um Won-sang’s cross.

    Lee returned the favor as his pass from the left wing allowed Um to score with a diving header just before halftime.

    Gustavo Nunato levelled with a low finish after intercepting Milosz Trojak’s clearance and Juan Pablo Freytes made it 3-2 by slotting home from the edge of the six-yard box.

    Keno put the result beyond doubt with a looping stoppage-time header following Arias’ cross.

    Fluminense is now top of Group F with four points, ahead of Borussia Dortmund on goal difference. Ulsan is last and has no chance of progressing.

    “We lost our focus at the end of the first half and they made us pay,” Fluminense manager Renato Gaucho told reporters. “We came back with a different attitude in the second half and the win gives us peace of mind. Tomorrow we’ll start thinking about the last match [against Mamelodi Sundowns], which we need to win.”

    In Seattle, Lautaro Martinez and Valentin Carboni scored for Inter Milan as the Italian side rallied late to overcome Japan’s Urawa Red Diamonds 2-1.

    Ryoma Watanabe gave the J1 League outfit an early lead by sweeping home from 10 yards after Takuro Kaneko’s clever run and cross from the right flank.

    It took until the 78th minute for Inter to equalize as Martinez struck with an acrobatic volley following Nicolo Barella’s corner.

    The Serie A club suddenly had the momentum and Carboni gave his side the lead in the 92nd minute by pouncing on a loose ball and drilling a low effort past Shusaku Nishikawa.

    “The result is almost secondary,” Carboni said. “It was difficult out there. They defended in a very compact fashion and we had few opportunities. But We have the three points, and it is important to move on.”

    The victory leaves Inter second in Group E with four points while Urawa is last and cannot qualify for the knockout stage.

    In Cincinnati, Germany’s Borussia Dortmund stayed in contention for a place in the last 16 with a 4-3 win over South African side Mamelodi Sundowns.

    Lucas Ribeiro, Iqraam Rayners and Lebo Mothiba were on target for the Pretoria-based side while Felix Nmecha, Serhou Guirassy and Jobe Bellingham scored for the Bundesliga outfit, which also benefitted from a Khuliso Mudau own goal.

    Borussia Dortmund is now second in Group F with four points, one ahead of third-placed Mamelodi.

    “I was expecting more, to be honest,” Borussia Dortmund boss Niko Kovac said. “We gave the ball away too easily and played too slowly. On the positive side, we scored four goals. We’re satisfied with the result given the difficult conditions. As a top team, you have to aim to score plenty of goals, but you also can’t afford to concede so many. That annoys me, but I try to stay pragmatic.”

    In Saturday’s late match, Argentina’s River Plate drew 0-0 with Mexican side Monterrey at the Rose Bowl in Pasadena.

    River Plate looked more likely to score but could not find a way past Monterrey’s Argentine goalkeeper Esteban Andrada, who made six saves.

    The Buenos Aires outfit finished the match with 10 men after Colombian midfielder Kevin Castano was sent off for a second bookable offense.

    River remains top of Group E with four points, ahead of Inter Milan on goal difference, while Monterrey is third, two points further back.

    MIL OSI China News

  • MIL-OSI Canada: Minister Anand to travel to Belgium, the Netherlands and Germany

    Source: Government of Canada News

    June 22, 2025 – Ottawa, Ontario – Global Affairs Canada

    The Honourable Anita Anand, Minister of Foreign Affairs, today announced that she will travel to Belgium, the Netherlands and Germany to attend the Canada-European Union (EU) Summit and the North Atlantic Treaty Organization (NATO) Summit, from June 23 to 26, 2025.

    On June 23, in Brussels, Belgium, on the margins of the Canada EU Summit, Minister Anand will have a bilateral meeting with the Deputy Prime Minister and Minister of Foreign Affairs, European Affairs and Development Cooperation of Belgium, along with senior EU officials, to discuss opportunities to strengthen collaboration at a time when the world is undergoing significant change and uncertainty. She will then attend the Summit with Prime Minister Mark Carney.

    From June 24 to 25, in The Hague, the Netherlands, on the margins of the NATO Summit, Minister Anand will meet her Allied counterparts to discuss issues related to Euro-Atlantic security, Canada’s steadfast support for Ukraine, and opportunities to further deepen Canada’s contribution to the Alliance. She will also attend the Summit with Prime Minister Carney.

    Minister Anand will conclude her trip in Berlin, Germany, on June 26, for a bilateral meeting with the Minister for Foreign Affairs of the Federal Republic of Germany, to explore ways to better respond to some of today’s most pressing global challenges and to promote economic growth.

    Quick facts

    ·         At the G7 Leaders’ Summit in Kananaskis, Alberta, Prime Minister Mark Carney reiterated Canada’s commitment to work more closely with the European Union to expand the Canada-EU free trade relationship, defend rules-based trade and deepen cooperation on shared defence and security challenges.

    ·         Canada is a founding member of NATO, a cornerstone of Canadian security and defence policy and an important platform for Canada’s contributions to international peace and security. Canada’s priority for NATO is to ensure that the Alliance remains modern, flexible, agile and able to face current and future threats.

    Related products

    ·         Prime Minister Carney to attend the Canada-EU Summit and the NATO Summit

    Associated links

    ·         Canada-EU relations

    ·         Canada-Belgium relations

    ·         Canada-Netherlands relations

    ·         Canada-Germany relations

    ·         Canada and the North Atlantic Treaty Organization

    MIL OSI Canada News

  • MIL-OSI Video: Iran, Israel, Ukraine & other topics – Daily Press Briefing (20 June 2025)

    Source: United Nations (video statements)

    Noon briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:

    Iran/Israel
    Security Council/Afternoon
    Ukraine
    Occupied Palestinian Territory
    Peacekeeping
    Switzerland
    Children and Armed Conflict
    World Refugee Day
    Sudan
    Sri Lanka
    International Days
    Guests on Monday

    IRAN/ISRAEL
    Speaking to the Security Council this morning, the Secretary-General urged Israel and Iran to give peace a chance and warned Council members that we are not drifting toward crisis – we are racing toward it.
    He said that the Non-Proliferation Treaty is a cornerstone of international security and Iran must respect it. The only way to bridge the trust gap with Iran, he added, is through diplomacy to establish a credible, comprehensive and verifiable solution – including full access to inspectors of the International Atomic Energy Agency.
    Mr. Guterres warned that the only thing that is predictable is that the consequences of continuing this conflict are unpredictable.
    Rosemary DiCarlo, the Under-Secretary-General for Political and Peacebuilding Affairs, told the Council that the scope and scale of attacks in Iran and Israel continue to widen, with grave consequences for civilians in both countries. The intensifying cycle of attacks and counterattacks has resulted in hundreds of civilian casualties, including fatalities, in both Iran and Israel.
    She added that we are teetering on the edge of a full-blown conflict and a humanitarian crisis. International humanitarian law must be respected, including the principles of distinction, proportionality, and precaution in attack.
    Ms. DiCarlo said that we welcome the talks between the Foreign Ministers of France, Germany, the UK, and Iran in Geneva today. We strongly encourage such efforts. We must pursue every possible opportunity to de-escalate, to cease the hostilities, to settle disputes by peaceful means, she said.
    Rafael Grossi, the Director General of the IAEA, told the Council that attacks on nuclear sites in Iran have caused a sharp degradation in nuclear safety and security there. Though they have not so far led to a radiological release affecting the public, there is a danger this could occur, he said.
    Mr. Grossi said that he is ready to travel immediately and to engage with all relevant parties to help ensure the protection of nuclear facilities and the continued peaceful use of nuclear technology in accordance with the Agency mandate, including by deploying Agency nuclear safety and security experts wherever necessary.

    SECURITY COUNCIL/AFTERNOON
    At 3:00 p.m., the Security Council will reconvene for a briefing on Maintenance of Peace and Security of Ukraine. Miroslav Jenča, the Assistant Secretary-General for Europe, Central Asia, and the Americas, and Edem Wosornu, the Director of Operations and Advocacy at OCHA, are expected to brief Council members.

    UKRAINE
    On Ukraine, our colleagues at the Office for the Coordination of Humanitarian Affairs tell us that today, attacks in the cities of Kharkiv and Odesa killed and injured civilians, including children and first responders. This is according to local authorities. Homes, education facilities and utility pipelines were also damaged. Additional casualties were reported in the regions of Donetsk, Kherson, and Dnipro. In Odesa and Kharkiv, humanitarian organizations, supporting local responders, provided hot meals, emergency shelter and psychosocial support.
    Meanwhile, an inter-agency humanitarian convoy today delivered vital aid to the community of Bilozerka in the region of Kherson, in the south of the country. The supplies included hygiene items, bed linen, kitchen sets, first aid kits and a charging station. The area remains under constant shelling, and thousands of residents need humanitarian aid. This was the second humanitarian convoy to reach front-line areas of the Kherson region this week. Our humanitarian colleagues note that some 9.4 million Ukrainians are still displaced inside the country or abroad—more than four years since the full-scale invasion and over a decade into the war that began in 2014. This includes 5.6 million refugees globally, according to the UN Refugee Agency. The International Organization for Migration says that another 3.8 million people remain internally displaced.

    Full highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=20%20June%202025

    https://www.youtube.com/watch?v=eHyjvej_gQM

    MIL OSI Video

  • MIL-OSI Video: Iran, Israel, Ukraine & other topics – Daily Press Briefing (20 June 2025)

    Source: United Nations (video statements)

    Noon briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:

    Iran/Israel
    Security Council/Afternoon
    Ukraine
    Occupied Palestinian Territory
    Peacekeeping
    Switzerland
    Children and Armed Conflict
    World Refugee Day
    Sudan
    Sri Lanka
    International Days
    Guests on Monday

    IRAN/ISRAEL
    Speaking to the Security Council this morning, the Secretary-General urged Israel and Iran to give peace a chance and warned Council members that we are not drifting toward crisis – we are racing toward it.
    He said that the Non-Proliferation Treaty is a cornerstone of international security and Iran must respect it. The only way to bridge the trust gap with Iran, he added, is through diplomacy to establish a credible, comprehensive and verifiable solution – including full access to inspectors of the International Atomic Energy Agency.
    Mr. Guterres warned that the only thing that is predictable is that the consequences of continuing this conflict are unpredictable.
    Rosemary DiCarlo, the Under-Secretary-General for Political and Peacebuilding Affairs, told the Council that the scope and scale of attacks in Iran and Israel continue to widen, with grave consequences for civilians in both countries. The intensifying cycle of attacks and counterattacks has resulted in hundreds of civilian casualties, including fatalities, in both Iran and Israel.
    She added that we are teetering on the edge of a full-blown conflict and a humanitarian crisis. International humanitarian law must be respected, including the principles of distinction, proportionality, and precaution in attack.
    Ms. DiCarlo said that we welcome the talks between the Foreign Ministers of France, Germany, the UK, and Iran in Geneva today. We strongly encourage such efforts. We must pursue every possible opportunity to de-escalate, to cease the hostilities, to settle disputes by peaceful means, she said.
    Rafael Grossi, the Director General of the IAEA, told the Council that attacks on nuclear sites in Iran have caused a sharp degradation in nuclear safety and security there. Though they have not so far led to a radiological release affecting the public, there is a danger this could occur, he said.
    Mr. Grossi said that he is ready to travel immediately and to engage with all relevant parties to help ensure the protection of nuclear facilities and the continued peaceful use of nuclear technology in accordance with the Agency mandate, including by deploying Agency nuclear safety and security experts wherever necessary.

    SECURITY COUNCIL/AFTERNOON
    At 3:00 p.m., the Security Council will reconvene for a briefing on Maintenance of Peace and Security of Ukraine. Miroslav Jenča, the Assistant Secretary-General for Europe, Central Asia, and the Americas, and Edem Wosornu, the Director of Operations and Advocacy at OCHA, are expected to brief Council members.

    UKRAINE
    On Ukraine, our colleagues at the Office for the Coordination of Humanitarian Affairs tell us that today, attacks in the cities of Kharkiv and Odesa killed and injured civilians, including children and first responders. This is according to local authorities. Homes, education facilities and utility pipelines were also damaged. Additional casualties were reported in the regions of Donetsk, Kherson, and Dnipro. In Odesa and Kharkiv, humanitarian organizations, supporting local responders, provided hot meals, emergency shelter and psychosocial support.
    Meanwhile, an inter-agency humanitarian convoy today delivered vital aid to the community of Bilozerka in the region of Kherson, in the south of the country. The supplies included hygiene items, bed linen, kitchen sets, first aid kits and a charging station. The area remains under constant shelling, and thousands of residents need humanitarian aid. This was the second humanitarian convoy to reach front-line areas of the Kherson region this week. Our humanitarian colleagues note that some 9.4 million Ukrainians are still displaced inside the country or abroad—more than four years since the full-scale invasion and over a decade into the war that began in 2014. This includes 5.6 million refugees globally, according to the UN Refugee Agency. The International Organization for Migration says that another 3.8 million people remain internally displaced.

    Full highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=20%20June%202025

    https://www.youtube.com/watch?v=eHyjvej_gQM

    MIL OSI Video

  • MIL-OSI Australia: Regulatory reform in digital platform markets is needed to improve competition and consumer outcomes

    Source: Australian Ministers for Regional Development

    Without sufficient laws in place, Australian consumers and businesses continue to encounter a significant number of harmful practices across a range of digital platform services, the ACCC’s tenth and final report of the ACCC’s Digital Platform Services Inquiry has found.

    “Digital platform services are critically important to Australian consumers and businesses and are major drivers of productivity growth in our economy,” ACCC Chair Gina Cass-Gottlieb said.

    “While these services have brought many benefits, they have also created harms that our current competition and consumer laws cannot adequately address. This is why we continue to recommend that targeted regulation of digital platform services is needed to increase competition and innovation, and protect consumers in digital markets.”

    The report, which concludes the ACCC’s five year inquiry, has reiterated support for measures including an economy wide unfair trading practices prohibition, an external dispute resolution body for digital platform services, and a new digital competition regime.

    Continued risk of widespread harms to Australian consumers and small businesses

    The ACCC’s final report found that there continues to be significant risk of consumer and competition harms on digital platforms.

    Consumers continue to face unfair trading practices in digital markets including manipulative design practices, such as user interfaces that direct consumers to more expensive subscriptions or purchase options.

    “72 per cent of Australian consumers surveyed by the ACCC reported that they had encountered potentially unfair practices when shopping online, such as accidental subscriptions or hidden fees. An unfair trading practices prohibition is required to protect consumers from these kinds of tactics, both online and offline,” Ms Cass-Gottlieb said.

    “Our consumer survey also found 82 per cent of respondents agree that there should be a specialised independent external dispute resolution body for users of digital platform services to escalate complaints which cannot be resolved with platforms directly.”

    “An external dispute resolution body would also help Australian small businesses who rely on digital platforms to reach their customers – for example, when a fake review is made about their business on a search engine or marketplace, or when they have an account deactivated and lose their means of accessing their customers on social media,” Ms Cass-Gottlieb said.

    A new digital competition regime will bring benefits to Australians

    Throughout the course of this five-year Inquiry, the ACCC has also observed conduct by the most powerful digital platforms that is distorting the competitive process. This conduct includes denying interoperability, self-preferencing and tying, exclusivity agreements, impeding switching, and withholding access to important hardware, software, and data inputs.

    “A lack of competition in digital markets can lead to higher prices, less choice, lower quality or even greater harvesting of personal data, ultimately impacting everyday users,” Ms Cass-Gottlieb said.

    “There is broad international recognition that there is anti-competitive conduct in digital markets that needs to be addressed. Several jurisdictions have already introduced regulation to improve competition in digital markets, including the European Union, the United Kingdom, Germany and Japan.”

    “It is timely to progress a new digital competition regime in Australia which will increase contestability, benefit both local and foreign companies that rely on access to these platforms to conduct business in Australia, and support a growing economy,” Ms Cass-Gottlieb said.

    Emerging services and technology need continued scrutiny

    The final report has also outlined how rapidly evolving digital markets and emerging technologies, like cloud computing and generative AI, may exacerbate existing risks to competition and consumers in Australia or give rise to new ones.

    For example, cloud computing is continuing to grow both globally and in Australia, providing significant benefits for businesses and consumers. However, the ACCC’s report identified a range of potential competition risks in this sector.

    “We found that the major providers of cloud computing in Australia – Amazon, Microsoft and Google – are vast, incumbent digital platforms that are vertically integrated across the cloud technology stack. Vertically-integrated cloud providers may be incentivised to engage in conduct that could harm their competitors – for example, anti-competitively bundling their own services across different layers of the cloud stack,” Ms Cass-Gottlieb said.

    The report also found that generative AI developers and deployers generally require access to significant cloud computing power to train and deploy their products. However, cloud providers may be incentivised to anti-competitively bundle, tie or self-preference their own generative AI products above those of competitors.

    “Harms to competition in the generative AI sector could hamper innovation, result in lower quality products and services, and force Australian businesses and consumers to pay more than they otherwise would to utilise this technology,” Ms Cass-Gottlieb said.

    “To protect against these kinds of risks, it is critical that the proposed digital competition regime enable the ACCC to continue monitoring changes to services it has previously examined, as well as new technologies that emerge over time.”

    Background

    The ACCC’s Digital Platforms Branch conducted a five-year inquiry into markets for the supply of digital platform services in Australia and their impacts on competition and consumers, following a direction from the Treasurer in 2020.

    The inquiry reported to the Government every six months and examined different forms of digital platform services, including: online private messaging services, app marketplaces, search defaults and choice screens, general online retail marketplaces, regulatory reform, social media services, expanding ecosystems of digital platforms, data products and

    services supplied by data firms, and revisiting general search services. This ACCC’s tenth report concludes the inquiry.

    Previous reports are published at Digital platform services inquiry 2020-25.

    In the fifth DPSI interim report on regulatory reform, the ACCC made a range of recommendations to bolster competition in the digital economy, level the playing field between big tech companies and Australian businesses, and reduce prices for consumers. The recommendations include new service-specific mandatory codes of conduct for particular ‘designated digital platforms,’ based on principles set out in legislation.

    In December 2023, the Government accepted the ACCC’s findings that existing competition provisions by themselves are not sufficient to address current or potential future competition harms and supported-in-principle the development of a new digital competition regime. In December 2024, the Government began consultation on the implementation of a new digital competition regime in Australia.

    Further information, including key findings are available on the ACCC website.

    Notes to editors

    ‘Cloud computing’ refers to the provision of global, on-demand network access to computing resources such as networks, servers, storage, applications and services. Cloud computing can be contrasted with traditional on-premises computing, where an organisation installs and maintains its own IT infrastructure for private use.

    ‘Generative AI’ refers to a type of artificial intelligence (AI) that can create content such as text, images, audio, video or data, in response to prompts entered by a user. Generative AI adopts a machine learning approach for turning inputs and outputs into new outputs by analysing extremely large datasets.

    MIL OSI News