NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Eurozone

  • MIL-OSI Economics: Thales and KNDS France unveil RAPIDFire Land, a land-based variant of the 40 mm RAPIDFire Naval defence system

    Source: Thales Group

    Headline: Thales and KNDS France unveil
    RAPIDFire Land, a land-based variant of the 40 mm RAPIDFire Naval defence system

    16 Jun 2025

    Share this article

    • RAPIDFire is a remotely operated artillery system co-developed by Thales and KNDS France. The French defence procurement agency (DGA) has awarded a contract for the production of 48 of these systems, and the first two RAPIDFire systems ordered earlier are now operational on board France’s new-generation fleet replenishment tankers.
    • RAPIDFire can be installed on multiple platform types, and the land-based version will meet emerging operational requirements, in particular to protect sensitive sites from a wide range of threats including saturation attacks.
    • The Airburst munition, which represents the cutting edge of air defence capabilities, is reaching an important milestone.

    Full qualification of RAPIDFire system

    The French defence procurement agency (DGA) has already ordered 14 RAPIDFire systems to equip French Navy vessels. Two systems have been installed on board the fleet replenishment tanker (BRF) Jacques Chevallier, which has completed two long-duration deployments, including several live fire exercises, with France’s carrier strike group. Two others were recently installed on France’s second BRF tanker Jacques Stosskopf ahead of an upcoming long-duration deployment. A fifth system will soon equip a new French Navy offshore patrol vessel.

    The RAPIDFire system was qualified in early 2025 and can now be used with all existing 40CT munitions.

    As the first remotely operated 40 mm system to incorporate the 40CT cannon, RAPIDFire provides a close-in self-defence capability to protect platforms against modern air and surface threats. It features state-of-the-art optronics jointly designed by Thales and KNDS France, and the new 40 mm cased telescoped munition technology developed by CTAI, a subsidiary of KNDS France.

    This solution provides unmatched firepower, with a ready rack of up to 140 rounds, corresponding to dozens of target interceptions with no need to reload. The fire control system recalibrates its aim after every round fired to account for the target’s speed and direction of travel. RAPIDFire is designed to engage a broad range of threats – from ships to light aircraft, drones, loitering munitions and missiles – at ranges of up to 4 kilometres. Its 40 mm cannon is compatible with all telescoped munitions, including the A3B (Airburst) round, which is particularly effective against aerial threats.

    A multi-platform system for land and naval forces

    RAPIDFire’s underlying technology is versatile enough for the system to be adapted for various applications. A land-based version is now planned following discussions with the French Air and Space Force on the need to protect high-value assets at its air bases in France and during overseas deployments.

    KNDS France and Thales are developing the land version of RAPIDFire in two configurations:

    • Semi-mobile for site protection, with a 20-foot platform set up on the ground that can be readily moved and re-deployed to other locations.
    • Mobile, with the 20-foot platform mounted on a vehicle to protect high-value assets in the theatre of operations.

    A3B, the ideal munition for air defence

    Leveraging the proven airburst technology of the GPR-AB-T round, the Anti Aerial Airburst (A3B) munition delivers a payload of tungsten subprojectiles with a directional (frontal) terminal effect, providing enhanced effectiveness against various types of aerial targets: drones, helicopters, light aircraft, fighter jets, low-end subsonic missiles and RAM (rocket, artillery, mortar) threats.

    Development of the A3B munition is ongoing (currently at Technology Readiness Level 5), with full operational capability in anti-air mode expected in 2027. A contract modification was awarded in late 2024 for the development, production engineering, qualification and delivery of a first batch of 500 A3B munitions with the RAPIDFire system.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    About KNDS

    KNDS is the result of a joint venture between Krauss-Maffei Wegmann (KMW) and Nexter, two of Europe’s leading manufacturers of military land systems, based in Germany and France.

    KNDS has around 10,000 employees, with sales of €3.8 billion in 2024, an orderbook of around €23.5 billion and order intake of €11.2 billion.

    Its product range includes tanks, armoured vehicles, artillery systems, weapon systems, ammunition, military bridges, information and command systems, training solutions, protection solutions and a wide range of equipment, as well as customer services.

    The creation of KNDS marks the beginning of the consolidation of the land defence systems industry in Europe. The strategic alliance between KMW and Nexter strengthens the competitiveness and international positioning of both groups, as well as their ability to meet the needs of their respective national armed forces. It also offers European and NATO customers the possibility of greater standardisation and interoperability for their defence equipment, with a reliable industrial base.

    KNDS is headquartered in Amsterdam.

    MIL OSI Economics –

    June 16, 2025
  • MIL-OSI Economics: Privacy blind spot could stall AI’s future in UK homes, says new study

    Source: Samsung

     
    As smart technology and AI become increasingly integrated into our daily lives, new research finds that nearly 9 out of 10 Brits (89%) express concerns about their privacy.
     
    But, for the majority of consumers, these concerns stop at their phones – despite other smart devices in the home also collecting personal data and being just as vulnerable to threats.
     
    This new research from Samsung Electronics, which surveyed over 8,000 Millennial and Gen Z respondents across Europe, including the UK, reveals that over a quarter (28%) of young Brits never think about the security of their smart appliances. In contrast, 1 in 2 (53%) think about the privacy of their mobile phones every day – a worrying blind spot given how connected our smart devices have become, and with the number of smart homes in Europe expected to surpass 100 million by 2028.[1]
     
    The research highlights how managing privacy can feel overwhelming for many – with over 1 in 10 (14%) of those surveyed saying it’s too complex, and 7 in 10 (70%) finding it stressful. Within Europe, Spain tops the list of countries where people find managing their privacy the most stressful (88%), followed by Greece (87%) and France (75%) and Italy (75%).
     
    Privacy concerns among Brits are wide-ranging – from fears of financial theft (73%) to unease about metadata being used to identify them (61%).
     
    The findings point to a deep education gap when it comes to privacy. Many want to take control of their data when it comes to their technology. In fact, almost 8 in 10 (78%) put such considerations front and centre at point of purchase, alongside their familiarity with the brand. Yet despite rising awareness, many still feel unequipped to take meaningful action:
     

    Only 22% say they feel ‘very’ knowledgeable about privacy
    Just over half (54%) are aware of the data their apps and devices collect about them
    3 in 10 (28%) accept default settings on apps without fully understanding them
    Almost 6 in 10 (57%) feel they can never be fully in control of their privacy across their devices
    7 in 10 (70%) are calling for better education on data and privacy
    Over 1 in 10 (14%) consumers say they trust brands to take the protection of their data seriously

     
    These fears are holding UK consumers back from harnessing the full potential of the latest technology. 1 in 5 (18%) haven’t shared data between smart devices in the past year due to security fears—showing that Brits aren’t taking full advantage of connected living, and the enhanced lifestyle benefits it can bring.
     
    Yet two thirds say they would be more open to fully embracing AI and smart-home technology if they better understood the benefits to their lifestyle (67%) and felt confident their data was secure (67%). From real-time smart home updates (15%) to personalised shopping discounts (15%), job opportunities (14%) and tailored fitness and health suggestions (14%), many recognise that they are missing out on everyday enhancements due to concerns around how their data is handled.
     
    In light of these findings, Samsung is reinforcing its commitment to empowering users with strong safeguards and transparent privacy controls in an increasingly AI-driven world.
     
    Dr. Seungwon Shin, Corporate EVP & Head of Security Team, Device eXperience Business at Samsung Electronics said: “At Samsung, we believe true innovation starts with people – which is why we put privacy at the core of everything we do. This research highlights a growing trend: while consumers are proactive about managing privacy on their smartphones, they’re often overlooking the broader ecosystem of connected devices. It also reflects a hesitation to fully embrace AI-powered experiences, largely driven by uncertainty around data use.
     
    As advocates for privacy-first design, we’re committed to earning trust through transparency, choice, and built-in protections. Everyone should be able to explore new AI capabilities with confidence, knowing their data is protected and they remain in control. That’s why we’re focused on putting privacy in the hands of users – where it belongs.”
     
    At the heart of this mission is Samsung Knox, the company’s government-grade security platform that safeguards its smart home appliances[2] and Galaxy devices. With the rise of connected living, Samsung is expanding Knox security across its ecosystem so users can enjoy smart appliances and AI-powered features with peace of mind[3]

    Knox Matrix is Samsung’s long-term vision for connected security—where devices in the same ecosystem work together to safeguard one another. Built on private blockchain technology and backed by future-ready protections like post-quantum cryptography[4], Knox Matrix enables real-time, multi-device protection across smartphones, tablets, TVs, and more.
     
    Complementing this is Knox Vault, which stores sensitive information like PINs, passwords and biometric data in a separate, hardware-based environment. This ensures that even if the main operating system is compromised, private information always stays protected.
     
    With this layered security in place, users are empowered to manage their privacy across all their connected devices, making choices entirely on their own terms.
     
    The research also shows that UK consumers want more than just promises—they’re seeking practical tools. 28% support clearer data usage policies, and almost the same amount value privacy information that’s simple and easy to understand (29%).
     
    Recognising this need, Samsung is expanding its efforts to educate users and equip them with tools that put privacy into their hands across all Samsung devices. For more information on privacy, see here. For more information on the Samsung Knox security principles, see here.
     
    [1]Research and Markets. (2024). Smart Homes and Home Automation Report 2024. Business Wire.
    [2]Samsung Knox is applied to select appliances launched in 2018 and later.
    [3]Samsung Knox Matrix cannot guarantee complete protection against all vulnerabilities within a user’s connected device ecosystem.
    [4]Post-quantum cryptography is available on Galaxy S25 series.

    MIL OSI Economics –

    June 16, 2025
  • MIL-OSI Europe: Answer to a written question – Need to support the Cyclades affected by the devastating floods and the island regions more broadly – E-001363/2025(ASW)

    Source: European Parliament

    The mid-term review of the 2021-2027 Multiannual Financial Framework (MFF) was concluded in 2024, reinforcing the EU budget in key priority areas. The Solidarity and Emergency Aid Reserve was increased by EUR 1.5 billion.

    The Regional Emergency Support to Reconstruction — RESTORE Regulation[1] allows for flexibility by Member States impacted by natural disasters to use cohesion policy funding for reconstruction and repair.

    The Rural Development Regulation[2] was amended to introduce a new measure, providing support to affected farmers, foresters, and Small and Medium-sized Enterprises.

    Member States could adjust their 2021-2027 cohesion policy programmes during their mid-term review[3], adding new priorities like enhancing water resilience.

    Greece could benefit from these flexibilities once the regulation enters into force, including the financial incentives to implement these priorities rapidly and effectively.

    The 2021-2027 cohesion policy programmes contribute EUR 1 billion to a national disaster risk management programme in Greece and EUR 10.5 million to a regional programme on climate-related risk management in Notio Aigaio[4].

    The EU Mission on Adaptation to Climate Change can help the Cyclades and other islands test and deploy innovative solutions to build resilience to floods and other climate risks, as with Climate adaptation and resilience demonstrated in the Mediterranean region (CARDIMED) project[5].

    Island regions face specific challenges, including suffering from extreme natural disasters that call for significant investments not only in post-disaster recovery but also in climate adaptation and resilience.

    As announced in the communication ‘A modernised cohesion policy: the mid-term review’, the Commission will launch a consultation on the development of a Strategy for Islands to support them address their multi-faceted problems.

    • [1] Regulation (EU) 2024/3236 of the European Parliament and of the Council of 19 December 2024 amending Regulations (EU) 2021/1057 and (EU) 2021/1058 as regards Regional Emergency Support to Reconstruction (RESTORE), entered into force on 24 December 2024, available at the following link https://eur-lex.europa.eu/eli/reg/2024/3236/oj/eng.
    • [2] Regulation (EU) 2024/3242 of the European Parliament and of the Council of 19 December 2024 amending Regulation (EU) 2020/2220 as regards specific measures under the European Agricultural Fund for Rural Development to provide additional assistance to Member States affected by natural disasters, available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R3242&qid=1746172978914.
    • [3] On 1 April 2025 the Commission tabled a legislative proposal and accompanying Communication. Regulation of the European Parliament and of the Council amending Regulations (EU) 2021/1058 and (EU) 2021/1056 as regards specific measures to address strategic challenges in the context of the mid-term review, available at: regulation-proposal-mid-term-review-2025_en.pdf: https://ec.europa.eu/regional_policy/sources/communication/mid-term-review-2025/regulation-proposal-mid-term-review-2025_en.pdf; Communication from the Commission to the European Parliament and the Council A modernised Cohesion policy: The mid-term review, available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:52025DC0163.
    • [4] Technical assistance, including under the ‘Cohesion for Transitions Community of Practice’ initiative, could support the implementation of the programmes facilitating the green transition and for studies.
    • [5] Climate Resilience & NBS | Cardimed: https://www.cardimed-project.eu/.

    MIL OSI Europe News –

    June 16, 2025
  • MIL-OSI Europe: EIB supports with €1.6 bn the strategic Bay of Biscay electricity interconnection between Spain and France

    Source: European Investment Bank

    EIB

    • Bay of Biscay is a landmark project for the European power system that will boost the interconnection capacity between the Iberian Peninsula and rest of continental Europe.
    • Initiative to increase the exchange capacity from 2,800 to 5,000 megawatts (MW), improving reliability of power supply among France, Spain and Portugal and with the rest of Europe.
    • Once operational the interconnection will contribute to ensure cleaner, more secure, and more affordable power for millions of citizens.
    • With a total route length of 400 km, 300 km of which underwater, it will become the first submarine electricity interconnection between Spain and Fance.
    • This is a Project of Common Interest for the EU being implemented through a joint venture between the transmission system operators of Spain, Red Eléctrica, and France, RTE, Réseau de transport d’électricité.

    The European Investment Bank (EIB) is pledging €1.6 billion to finance the construction of the Bay of Biscay electricity interconnection between Spain and France. The EIB financing for the Bay of Biscay project takes the form of loans to Spanish and French transmission-system operators Red Eléctrica and RTE Réseau de transport d’électricité.

    The parties signed first loan tranches totalling €1.2 billion today at the EIB headquarters in Luxembourg. The event was attended by Nadia Calviño, president of the EIB Group, Dan Jørgensen, European Commissioner for Energy and Housing, Marc Ferracci, French minister of Industry and Energy, Miguel González Suela, Spanish deputy secretary of State – for Ecological Transition and the Demographic Challenge, Beatriz Corredor, chairwoman of Redeia, parent company of Red Eléctrica and Thomas Veyrenc Member of the Executive Board, director general for Finance, Strategy and Economics of RTE. This financial support adds up to the €578 million EU grant allocated to this project under the Connecting Europe Facility.

    This is a landmark Project of Common Interest in which the EIB, the European Commission, Red Eléctrica and RTE are joining forces to strengthen cross-border electricity interconnections and hereby the overall European energy system.

    “EIB support for the France-Spain electricity interconnection will be key to ensuring that the Iberian Peninsula is no longer an energy island. This agreement will lead to a major shift in energy integration, an important area for EU competitiveness and strategic autonomy.”  said Nadia Calviño, president of the EIB Group”.

    “Europe needs more integrated and more interconnected energy systems and markets. This is crucial to ensure our citizens have access to clean and stable supplies, wherever they are. This is what a genuine Energy Union is about, “said Dan Jørgensen, European Commissioner for Energy and Housing. “I very much welcome the additional financial support offered by the EIB for a key project that will ultimately improve the lives of many across the Pyrenees and beyond.”

    Construction of the Bay of Biscay link is already under way by Inelfe – joint venture by RTE and Red Eléctrica, and it is due to become operational in 2028. Once operational, the project will almost double the electricity exchange capacity between France and Spain to 5,000 MW. That means cleaner, more secure, and more affordable power for millions of citizens, while avoiding 600,000 tonnes of CO₂ each year.

    The project will strengthen the interconnection capacity between France and Spain, helping the Iberian peninsula’s progress towards the EU interconnection target for Member States of at least 15% of installed production capacity by 2030. The Bay of Biscay project, together with the underground project between Baixas-Santa Llogaia and the improvement of the existing Argia-Hernani infrastructure will contribute to enhance the interconnection capacity between the Iberian Peninsula and the rest of Europe, while better integrating it within the EU energy market.

    ‘Today, with the support of the EIB, we take another step forward in this project, a bridge between nations and key for European cohesion that will enable us to tackle the greatest challenge of our time: the energy transition. That is why both countries must continue to work together to strengthen our connections, also through the two new projects planned to cross the Pyrenees’, said Beatriz Corredor, chairwoman of Redeia

    “Today is a major milestone for the Bay of Biscay project, which will increase the solidarity between France and Spain but will also contribute to the development of exchanges of low-carbon, competitive electricity throughout Europe. Along with EU institutions – such as EIB – and other European TSOs, RTE is committed to ensure that the French power grid is fit to play its role of a European electricity crossroads, including through major reinforcement projects to avoid internal constraints, as laid out in our recent grid development strategy’, said Thomas Veyrenc, Member of the Executive Board, Director general for finance, strategy and economics of RTE.

    The project reinforces the EIB´s role as the climate bank one of the EIB Group’s eight strategic priorities set out in its Strategic Roadmap for the years 2024-2027. The operation is also part of the EIB’s action plan supporting REPowerEU, the program to increase energy security and accelerate the energy transition by reducing the European Union’s dependence on fossil fuel imports.

    Marc Ferracci, French minister for industry and energy: “We’re very happy today to have signed the first part of the investment in this interconnection project between France and Spain which will go through the Bay of Biscay. This will allow us to double the capacity of electricity transported between the two countries with 400 km of connection. It’s very important because it illustrates the will of Spain and France to go further in the decarbonisation of our economies. And it shows the solidarity that exists to meet Europe’s energy security challenge.”

    “The signing of this agreement marks a major step towards building the Energy Union and strengthening the resilience of the European electricity system as a whole. I am confident that it will not be the last”, said Miguel González Suela, Spanish deputy secretary of State for Ecological Transition and the Demographic Challenge.

    Flagship project

    The Bay of Biscay interconnection is classified by the EU as a Project of Common Interest or PCI, and is being delivered by Inelfe a joint venture between Red Eléctrica and Réseau transport d’électricité. It is co-funded by a Connecting Europe Facility (CEF) grant of €578 million.  

    The connection will link two alternating current systems via a submarine direct current line. At each end of the connection, stations in Cubnezais in France and Gatika in Spain will convert the direct current into alternating current for connection to the transmission grids of Spain and France.

    The design of the project has been developed through an open and participatory process, with the aim of reaching the greatest possible consensus and ensuring the best solution from a technical, social, and environmental perspective.

    The High-Level Group on Interconnections in South-West Europe, established in 2015 between Spain, France, and Portugal with the support of the European Commission, played a critical role in advancing the Biscay Bay project.

    More information about the project is available here.

    The EIB as a major financier of energy security and grids in Europe

    In 2024, the EIB Group signed a record €31 billion to back EU energy security, including for efficiency, renewables, storage and electricity grids, which is expected to support over €100 billion in investment. A total of €8.5 billion financed electricity grids and storage projects, double the amount from previous year. This financing is helping to expand, modernise and digitalise electricity grids making them more resilient and allowing for more and better integration of renewable sources.

    In Spain financing of energy security projects was higher than in any other EU country in 2024, totalling more than €5 billion, which is expected to support over €15 billion in investment. A total of €1.54 billion financed grids and storage projects, roughly double the previous year’s amount. In France financing of energy security projects in 2024 was in line with previous years at around €3.6 billion,  of which €400 million went to finance grids and storage projects, while €3.2 billion went to other energy projects including renewable energy sources and  energy efficiency.

    In the last 5 years (2019-24), EIB has financed €16.7 billion in energy projects in Spain, and €17.7 billion in energy projects in France.

    Find out more about the EIB’s support for the energy sector here.

    Background information

    EIB

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.

    The EIB Group, which also includes the European Investment Fund, signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

    In Spain, in 2024, the EIB Group signed new financing worth €12.3 billion for over 100 high-impact projects,  while in France, the EIB Group signed new financing worth €12.6 billion also for over 100 high-impact projects,  contributing to both countries’ green and digital transition, economic growth, competitiveness and better services for their people.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    Red Eléctrica

    Red Eléctrica is the transmission system operator (TSO) for the Spanish electricity system and Redeia’s flagship. Since 1985, Red Eléctrica guarantee the security of supply in Spain, driving its social and economic development. Now, the company is also the backbone of the energy transition in the country. www.ree.es 

    Réseau Transport d’Électricité

    The French electricity-transmission-system operator, RTE, provides a public service: guaranteeing a constant supply of electricity throughout France, with the same standard of service, thanks to the efforts of its 10,025-strong staff. RTE manages electricity flows, balancing production and consumption in real time. RTE maintains and develops the high and very-high voltage grid (from 63,000 to 400,000 volts) which includes nearly 100,000 kilometres of overhead lines, 7,000 kilometres of underground lines, 2,900 operational substations, some jointly operated, and around fifty cross-border lines. With 37 interconnections with neighbouring countries, the French grid is the largest in Europe. RTE is an independent and neutral industrial operator of the energy transition, optimising and transforming its grid to connect new consumers and low-carbon electricity generation facilities.

    MIL OSI Europe News –

    June 16, 2025
  • MIL-OSI United Kingdom: ‘Barbara Freeman: A Retrospective’ opens at the F.E. McWilliam Gallery & Studio

    Source: Northern Ireland City of Armagh

    A new engaging exhibition ‘Barbara Freeman: A Retrospective’ has opened at the F.E. McWilliam Gallery & Studio, Banbridge and runs until Saturday 27 September 2025.

    This first large-scale survey of Freeman’s work introduces the public to this award-winning artist who has exhibited internationally and now in her late 80s, continues to experiment and push herself to create new innovative work.

    The retrospective features a broad range of Freeman’s work from an early drawing ‘Homage to Dürer’ dating from 1973 to her new series of digital images ‘Time Past Remembered’ made this year and her award-winning film ‘Itacha’ from 2023.

    Utilising a wide range of media including sculpture, painting, print, installation, sound and film, Freeman’s constantly evolving practice fluctuates between figuration and abstraction to explore themes including time, memory and history.

    Speaking about the new exhibition, Gallery Curator and Manager, Dr Riann Coulter, said:

    “This major survey exhibition showcases a striking collection of Barbara’s work and provides a fantastic opportunity to explore her artistic evolution over half a century of innovative art making.”

    Born in London in 1937, Freeman studied at Central St. Martins and Camberwell Colleges of Art, followed by postgraduate study at the University of Leeds before moving to Belfast where she has lived and worked for over 40 years.

    Collaboration is at the heart of Freeman’s art. She has often worked with composers and musicians to create installations that combine sound and image and respond to a particular place, both as a physical space and a sonic environment. In 2020, she joined Na Cailleacha, the collective of formidable older women artists based in Ireland, with whom she continues to work and exhibit.

    Freeman’s work has been exhibited widely, with solo shows in Ireland, Britain, the United States, Hungary, Germany, and former Yugoslavia.

    Her artworks have featured in collections displayed by the Northern Ireland Civil Service, Royal Courts of Justice, and The Royal Hospitals.

    This exhibition has been curated by Dr Fionna Barber, Reader in Art History at Manchester School of Art and Dr Riann Coulter.

    It will be accompanied by an illustrated catalogue featuring an essay by Fionna Barber and an interview between Freeman and art historian and Na Cailleacha colleague, Catherine Marshall.

    The F.E. McWilliam Gallery & Studio is open Monday to Saturday from 10am to 5pm. Admission is free. For further information, go to visitarmagh.com/femcwilliam

    MIL OSI United Kingdom –

    June 16, 2025
  • MIL-OSI: AIXA Miner Secures FinCEN MSB License, Marking Major 2025 Compliance Milestone in Global Cloud Mining Sector

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 16, 2025 (GLOBE NEWSWIRE) — AIXA Miner has officially secured its Money Services Business (MSB) license from the U.S. Financial Crimes Enforcement Network (FinCEN), a pivotal regulatory approval that elevates its credibility and security standards across the global cloud mining landscape. This certification positions AIXA Miner as one of the few cloud mining platforms with verified U.S. compliance, an increasingly critical benchmark as international investors demand stronger oversight and consumer protection in crypto services.

    This milestone marks a new chapter for AIXA Miner in 2025, reinforcing its leadership in providing secure, efficient, and transparent cloud mining operations. As regulatory scrutiny increases worldwide, particularly in markets like Germany, the FinCEN-approved MSB license validates AIXA Miner’s operational integrity and risk controls—giving both new and experienced investors a trusted partner in navigating the evolving digital asset economy.

    What is Cloud Mining?

    Cloud mining is a convenient way to mine cryptocurrencies without having to buy or own professional mining equipment. Instead of setting up a mining machine or performing technical maintenance, customers can simply rent mining equipment from a service provider. The service provider operates large mining facilities and is responsible for hardware, electricity, network connectivity and maintenance. In return, the customer receives a share of the mining revenue generated by the rented capacity. Therefore, cloud mining is undoubtedly a simple solution for anyone who wants to mine passive cryptocurrencies without having to manage complex resources themselves.

    AIXA Miner Cloud Mining: A quick shortcut to cryptocurrency participation

    AIXA Miner was founded in 2020 in Colorado, USA, and received MSB (Financial Stability and Stability Board) certification from the US Financial Crimes Enforcement Network (FinCEN). The platform is known for its low-carbon environmental protection, financial security and high returns. The platform currently has over 1 million users in over 200 countries worldwide. This allows users to utilize idle funds to generate stable returns and become your loyal companion on the road to wealth. AIXA Miner combines secure wealth management with ease of use and enables users of all experience levels to mine cryptocurrencies easily and reliably.

    Get started with AIXA Miner

    1. Sign up and get a $100 bonus – Open a free account now and get a $20 welcome bonus to start generating a daily income of $0.80 right away.
    2. Choose the right mining plan – Browse a range of mining plans for different budgets and investment goals. Each plan differs in term, return and cost, so you can easily find a plan that suits your personal wealth to generate income.
    3. Daily income – payment is made automatically every 24 hours. You can reinvest your profits into higher value plans or withdraw your earnings directly to your crypto wallet when you’re ready.

    AIXA Miner offers further profit opportunities via its cloud mining platform in addition to investments and enables users to passively increase their income without actual investment.

    1. Multi-level referral system – share and earn: AIXA Miner rewards you for inviting others: 5% for direct referrals and continuous income accumulation as your network grows.
    2. VIP Membership: Increase your income: The more you invest, the higher your VIP level becomes and you will receive daily updates, additional bonuses from your mining earnings and retroactive rewards that can be unlocked instantly.

    Although the crypto market is mature in 2025, it remains volatile. Investors wonder: can the myth of wealth creation persist? Although 1,000x meme coins are rare, smart people are betting on more stable cloud mining. Let’s take AIXA Miner as an example. Its low-threshold, high-yield model has become the mainstream choice. With a user-friendly interface, high security and daily income, it helps investors achieve financial freedom through mining.

    You can find more information at www.aixaminer.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0cbf21bf-08e0-47a4-a424-159e68ada715

    The MIL Network –

    June 16, 2025
  • MIL-OSI: Subsea 7 S.A. – 2Q25 earnings call notification

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 16 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter 2025 results for the period ended 30 June 2025 on Thursday 31 July 2025 at 08:00 CET.

    A conference call and simultaneous webcast for the investment community will be held on Thursday 31 July 2025 at 11:00 UK / 12:00 CET.

    From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website.

    Conference call registration:
    Phone: https://register-conf.media-server.com/register/BI59310f2a739a44ab86529d2cda595e97
    Webcast: https://edge.media-server.com/mmc/p/yja3wdd3/        

    Please note that questions can only be submitted from a phone line.

    *******************************************************************************
    Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investor enquiries:
    Katherine Tonks
    Head of Investor Relations
    Subsea 7 S.A.
    Tel +44 20 8210 5568
    ir@subsea7.com

    www.subsea7.com

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

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 16 June 2025 at 12:30 CET.

    Attachment

    • SUBC 2Q25 Conference Call

    The MIL Network –

    June 16, 2025
  • MIL-OSI: Subsea 7 S.A. – 2Q25 earnings call notification

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 16 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter 2025 results for the period ended 30 June 2025 on Thursday 31 July 2025 at 08:00 CET.

    A conference call and simultaneous webcast for the investment community will be held on Thursday 31 July 2025 at 11:00 UK / 12:00 CET.

    From 08:00 CET the results announcement and the presentation to be reviewed during the conference call and webcast will be available on the Subsea7 website.

    Conference call registration:
    Phone: https://register-conf.media-server.com/register/BI59310f2a739a44ab86529d2cda595e97
    Webcast: https://edge.media-server.com/mmc/p/yja3wdd3/        

    Please note that questions can only be submitted from a phone line.

    *******************************************************************************
    Subsea7 creates sustainable value by delivering the offshore energy transition solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investor enquiries:
    Katherine Tonks
    Head of Investor Relations
    Subsea 7 S.A.
    Tel +44 20 8210 5568
    ir@subsea7.com

    www.subsea7.com

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

    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 16 June 2025 at 12:30 CET.

    Attachment

    • SUBC 2Q25 Conference Call

    The MIL Network –

    June 16, 2025
  • MIL-OSI Submissions: Economy – KOF Economic Forecast, summer 2025: Swiss economy hit by international trade conflict

    Source: KOF Economic Institute

    The United States’ erratic trade policy has caused even more economic uncertainty in the sec-ond quarter of 2025. Tariffs are also weighing on the economic outlook. 

    Data revisions last year mean that KOF is sticking to its forecast of real, sport-adjusted GDP growth of 1.4 per cent for 2025 (1.0 per cent unadjusted) despite a deterioration in its assessment. Its GDP growth forecast for 2026, however, has been lowered by 0.4 percentage points to 1.5 per cent (1.9 per cent unadjusted).

    The international trade conflict is more pronounced than was expected in the spring and is triggering a more marked deterioration in economic projections. 

    The latest KOF forecast is based on the assumption that the tariffs on exports to the United States in force at the beginning of June and the corresponding countermeasures will remain in place throughout the entire forecast period. This equates to a flat-rate 10 per cent tariff on most imports to the US with the exception of pharmaceutical products for the most part.

    Companies fast-track exports to the US; countervailing trend likely to follow

    The great uncertainty about the future of the United States’ trade policy and the announcement of tariff increases imposed on countries around the world have prompted firms to bring forward their production and exports of goods to the United States as much as possible. This yielded stellar growth in global trade in the first quarter and strong GDP growth in exportled countries such as Germany. In contrast, the disproportionately high growth in imports in the United States resulted in a negative quarter. Short-term demand for foreign goods displaced that for domestic goods and thus had an adverse impact on output in the US. Countervailing tr

    MIL OSI – Submitted News –

    June 16, 2025
  • MIL-OSI Russia: Russia Evacuates Second Group of Russian Citizens from Iran — Russian Foreign Ministry

    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

    Moscow, June 16 /Xinhua/ — A second group of Russian citizens has been evacuated from Iran across the border with Azerbaijan, the Russian Foreign Ministry said.

    “On June 15, 2025, with the participation of the Russian Embassy in Iran and the Russian Embassy in Azerbaijan, the second group of Russian citizens crossed the state border between Iran and Azerbaijan through the Astara checkpoint, returning by land due to the closure of the airspace of the Islamic Republic of Iran as a result of the forceful action of the State of Israel,” the official Telegram channel of the Russian Foreign Ministry says.

    A group of 238 people crossed the border, including family members of employees of Russian foreign missions and artists of the P. I. Tchaikovsky Bolshoi Symphony Orchestra. In addition to citizens of the Russian Federation, the group also included citizens of the Republic of Belarus and the Republic of Tajikistan, the Russian Foreign Ministry said in a statement.

    The first group of 86 people (including two children) has already crossed the border between Iran and Azerbaijan, the Russian Embassy in Azerbaijan said on Sunday. The group included a film crew from world-famous Russian director Fyodor Bondarchuk and citizens of the Republic of Belarus, the Republic of Latvia, the Republic of Serbia, the Republic of Uzbekistan and the Republic of Tajikistan. –0–

    MIL OSI Russia News –

    June 16, 2025
  • MIL-OSI Security: Europe-wide takedown hits longest-standing dark web drug market

    Source: Europol

    Between 11 and 13 June, a series of coordinated actions took place across Germany, the Netherlands, Romania, Spain, Sweden, targeting the platform’s administrator, moderators, key vendors, and technical infrastructure. Around 300 officers were deployed to carry out enforcement actions and secure critical evidence.Archetyp Market operated as a drug marketplace for over five years, amassing more than 600 000 users worldwide…

    MIL Security OSI –

    June 16, 2025
  • MIL-OSI Africa: President in Canada for G7 Leaders’ Summit

    Source: South Africa News Agency

    President Cyril Ramaphosa has arrived in Canada to participate in the G7 Summit Outreach Session, scheduled to take place on the margins of the G7 Leaders’ Summit in Kananaskis, Alberta, Canada on Monday.  

    The Group of Seven consists of the largest advanced economies namely: Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The European Union also participates in G7 Summits.  

    Canada assumed the Presidency of the G7 on 01 January 2025 and its Presidency seeks to address global challenges and opportunities, including international peace and security, global economic stability and growth, and the digital transition.

    According to the Presidency, the Outreach Session aims “to explore leadership and collaboration in driving a comprehensive approach to energy security with a focus on technology and innovation; diversification and strengthening critical mineral supply chains; and infrastructure and investment”.

    The Presidency said this resonated with South Africa’s national interests and priorities of South Africa’s G20 Presidency.  

    “The Outreach Sessions of the G7 in which President Ramaphosa will participate have been a feature of the group over the years, with the aim to strengthen unity among G7 members and like-minded countries to deliberate on and address some of the world’s most pressing issues.

    “Reflecting the outward looking approach of recent Presidencies, guest leaders are invited to join Outreach Sessions within the Summit agenda,” it said.

    The cooperation between South Africa and Canada has strengthened this year as it relates to G20 and G7.

    Under South Africa’s G20 Presidency, enhanced efforts have been undertaken to align objectives and support the agenda of the G7 to that of the G20.

    Several engagements have taken place between South Africa and Canada at various levels, including at Sherpa and Ministerial levels.

    South Africa is currently the only African country invited to this year’s G7 Summit Outreach Session.

    The Presidency said the G7 Summit will provide President Ramaphosa with an opportunity to meet Heads of State and Government of G7 countries, who are also G20 members, and other outreach guest countries.

    “The President will use this platform as an opportunity to engage with various leaders on areas of common interest in bilateral relations and multilateral cooperation – including the G20 Presidency ahead of the G20 Leaders’ Summit in November 2025.”

    President Ramaphosa’s participation at the G7 Leaders Summit presents an opportunity for South Africa to pursue strategic alignment within the framework of G7-G20 cooperation, where necessary, the Presidency added.

    The President is accompanied by the Minister of International Relations and Cooperation, Ronald Lamola. – SAnews.gov.za

    MIL OSI Africa –

    June 16, 2025
  • MIL-OSI Asia-Pac: President Lai meets delegation led by Representative Bera, co-chair of US Congressional Taiwan Caucus

    Source: Republic of China Taiwan

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

    Details
    2025-06-05
    President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  
    At noon on June 5, President Lai Ching-te hosted a state banquet at the Presidential Office for President Bernardo Arévalo of the Republic of Guatemala and his wife. In his remarks, President Lai noted that Taiwan and Guatemala have both undergone an arduous democratization process, and therefore, in face of the continuous expansion of authoritarian influence, must join hands in brotherhood and come together in solidarity to safeguard our hard-earned freedom and democracy. President Lai also expressed hope that both countries will work together and continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. A translation of President Lai’s remarks follows: Once again, I would like to offer a warm welcome to President Arévalo and First Lady Lucrecia Peinado, who are leading this delegation to Taiwan. President Arévalo’s previous visit to Taiwan was 31 years ago. Back then, Taiwan did not have direct presidential elections, and the nation was continuing to make progress toward democratization. Today, 31 years later, Taiwan has conducted direct presidential elections eight times, with three transfers of power between political parties. On this visit, I am sure that President Arévalo will gain a deep appreciation for Taiwan’s free and democratic atmosphere.  Taiwan and Guatemala have both undergone an arduous democratization process. A little over 200 years ago, the people of Guatemala took a stand against colonial oppression, seeking national dignity and the freedom of its people. Eighty-one years ago, President Arévalo’s father, Juan José Arévalo, became Guatemala’s first democratically elected president, establishing an important foundation for subsequent democratic development.  Our two peoples have democracy in their blood. Both know the value of freedom and democracy and are willing to take a stand for those values. Therefore, in face of the continuous expansion of authoritarian influence, our two countries must join hands in brotherhood to respond to threats and challenges, and come together in solidarity to safeguard our hard-earned freedom and democracy. I hope that both countries will work together to continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. I hope that on this visit, in addition to gaining a deeper understanding of Taiwan’s political, economic, and social development, President Arévalo can also reacquaint himself with the democratic vitality and cultural diversity of Taiwan by sampling various gourmet delicacies and once again experiencing the beauty of our scenery and warmth of our people. Guatemala is a very beautiful country. In the future, I hope to have a chance to personally experience that beauty, explore Mayan civilization, and savor local Guatemalan coffee. In closing, I wish the visiting delegation a smooth and successful trip, and beautiful, unforgettable memories. May President Arévalo enjoy the best of health, and may the diplomatic friendship between our two countries endure. President Arévalo then delivered remarks, stating that at different times and by different means, the people of Taiwan and Guatemala have relentlessly sought to defend freedom and democracy. We share the same expectations, he said, and are walking the right path amid today’s complex international circumstances.  President Arévalo stated that Taiwan and Guatemala are true democratic nations, where the government’s goal is to serve all the people. He noted that this is far from easy under current circumstances, as many authoritarian regimes use their long-term hold on power to safeguard the interests of select groups and neglect the wellbeing of the population as a whole. President Arévalo said that last week Guatemala commemorated the 40th anniversary of its constitution, which was enacted in 1985 and is Guatemala’s ultimate guide, setting the foundation for democracy and clearly outlining the path ahead. He said that over the past 40 years, Guatemala has continued to follow the democratic blueprint established by the constitution and end the civil war so that the nation could make the transition to real democracy. Although more than a few ambitious people have attempted to destroy that process from within, he noted, the people of Guatemala have never given up the pursuit of democracy as an ideal. President Arévalo stated that our two sides’ coming together here is due to such shared values as freedom and democracy as well as the idea of serving all the people. He underlined that the governments of both countries will continue to work hard and provide mutual support to smooth out each other’s path of democracy, freedom, and justice. President Arévalo emphasized that the government of Guatemala will always be Taiwan’s ally, and that he firmly believes Taiwan is Guatemala’s most reliable partner on the path of democracy and economic prosperity and development. The president said he hopes this visit will be the first step towards setting a new course for the governments and peoples of both countries. Also in attendance at the banquet were Guatemala Minister of Foreign Affairs Carlos Ramiro Martínez, Minister of the Economy Gabriela García, and Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-06-03
    President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  
    At noon on June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, conferred a decoration upon President Hilda C. Heine of the Republic of the Marshall Islands, and hosted a state banquet for President Heine and her husband at the Presidential Office. In remarks, President Lai thanked President Heine for her commitment to deepening the diplomatic partnership between our nations and speaking up for Taiwan in the international arena. He also expressed hope for Taiwan and the Marshall Islands to work together to address various challenges through an even greater diversity of exchanges, and that together, we can contribute even more to peace, stability, and development throughout the Pacific region. At the decoration ceremony, President Lai personally conferred the Order of Brilliant Jade with Grand Cordon on President Heine before delivering remarks, a translation of which follows:  The Marshall Islands was the first Pacific ally that I visited after taking office as president. When I arrived there, I was immediately drawn to its beautiful scenery. And I received a very warm welcome from the local people. This gesture showed the profound friendship between our two nations. I was truly touched. I also remember trying your nation’s special Bob Whisky for the first time. The flavor was as unique and impressive as the landscape of the Marshall Islands.  In addition to welcoming our distinguished guests today, we also presented President Heine with the Order of Brilliant Jade with Grand Cordon. On behalf of the people of Taiwan, I want to thank President Heine for her commitment to deepening the diplomatic partnership between our nations, and for staunchly speaking up for Taiwan in the international arena. Both I and the people of Taiwan are profoundly grateful to President Heine for her friendship and support. Over the past few years, cooperation between Taiwan and the Marshall Islands has grown ever closer. And this visit by our distinguished guests will allow our two countries to further expand areas of bilateral exchange. I have always believed that only through mutual assistance and trust can two countries build a longstanding and steadfast partnership. I once again convey my sincere aspiration that Taiwan and the Marshall Islands work together to address various challenges through an even greater diversity of exchanges. Together, we can contribute even more to peace, stability, and development throughout the Pacific region. In closing, I want to thank President Heine and First Gentleman Thomas Kijiner, Jr. for leading this delegation to Taiwan, which deepens the foundations of our bilateral relationship. May our two nations enjoy a long and enduring friendship. President Heine then delivered remarks, stating that she felt especially privileged to receive the Order of Brilliant Jade with Grand Cordon of the Republic of China (Taiwan), and humbly accepted the honor with the utmost gratitude, humility, and deep responsibility. This is a deep responsibility, she said, because she understands that since its inception in 1933, this order has been bestowed upon a select few. She then thanked President Lai for this great honor. President Heine stated that the banquet was not just a celebration of our bilateral friendship, but a true reflection of the generosity of the Taiwan spirit and a testament to the enduring ties between our nations, founded on shared values and aspirations, including a respect for the rule of law, the preservation of human dignity, and a deep commitment to democracy. President Heine stated that the Taiwan-Marshall Islands partnership continues to evolve through practical cooperation and mutual support. In recent years, she said, our countries have worked hand in hand across a range of vital sectors, including the recent opening of the Majuro Hospital AI and Telehealth Center and the ongoing and successful Taiwan Health Center, various technical training and scholarship programs, and various climate change adaptation projects in renewable energy, coastal resilience, and sustainable agriculture.   President Heine emphasized that the Marshall Islands continues to be a proud and vocal supporter of Taiwan’s meaningful participation in the United Nations system and other international organizations. Taiwan’s exclusion from these platforms, she said, is not only unjust, but is bad for the world, and the global community needs Taiwan’s voice and expertise.  President Heine also expressed sincere appreciation to all of the Taiwanese friends who have contributed their efforts to deepening bilateral relations, including government officials, healthcare workers, teachers, engineers, and volunteers. The people of the Marshall Islands, she said, deeply appreciate and value everyone’s efforts and service. President Heine said that as we celebrate our partnership, let us look to the future with hope and determination, continue to work together, learn from one another, and support one another to champion a world where all nations can chart their own course based on peace and international law. Also attending the state banquet were Marshall Islands Council of Iroij Chairman Lanny Kabua, Minister of Foreign Affairs and Trade Kalani R. Kaneko, Minister of Finance David Paul, Nitijela Standing Committee on Foreign Affairs and Trade Chairperson Joe Bejang, and Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.  

    Details
    2025-06-03
    President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements
    On the morning of June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Hilda C. Heine of the Republic of the Marshall Islands at the Presidential Office following a welcome ceremony with military honors for her and her husband. The leaders also jointly witnessed the signing of a letter of intent for sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund. President Lai then presided over a launch ceremony for a loan program to purchase aircraft. In remarks, President Lai thanked the government and the Nitijela (parliament) of the Marshall Islands for their longstanding support for Taiwan’s international participation and for voicing staunch support for Taiwan at numerous international venues. President Lai said that Taiwan looks forward to continuing to deepen its diplomatic partnership with the Marshall Islands and build an even closer cooperative relationship across a range of fields, engaging in mutual assistance for mutual benefits and helping each other achieve joint and prosperous development to yield even greater well-being for our peoples. A translation of President Lai’s remarks follows: I once again warmly welcome President Heine, First Gentleman Thomas Kijiner, Jr., and our guests to Taiwan. During my visit to the Marshall Islands last year, I said that Taiwan and the Marshall Islands are truly a family. When Vice President Hsiao and I took office last year, President Heine led a delegation to Taiwan. It is now one year since our inauguration, and I am delighted to see President Heine once again, just as if I were seeing family arrive from afar. Through my visit to the Marshall Islands, I gained a profound sense of the friendship between the peoples of our two nations, well-demonstrated by bilateral exchanges in such areas as healthcare, agriculture, and education. And it is thanks to President Heine’s longstanding support for Taiwan that our countries have been able to further advance collaboration on even more issues, including women’s empowerment and climate change. In recent years, the geopolitical and economic landscape has changed rapidly. We look forward to Taiwan and the Marshall Islands continuing to deepen our partnership and build an even closer cooperative relationship. In just a few moments, President Heine and I will witness the signing of several documents, including a memorandum of understanding and a letter of intent, to expand bilateral cooperation in such fields as sports, education, and transportation. Taiwan will take concrete action to work with the Marshall Islands and advance mutual prosperity and development, writing a new chapter in our diplomatic partnership. I would also like to take this opportunity to express gratitude to the government and Nitijela of the Marshall Islands. In recent years, the Nitijela has passed annual resolutions backing Taiwan’s international participation, and President Heine and Marshallese cabinet members have been some of the strongest advocates for Taiwan’s international participation, voicing staunch support for Taiwan at numerous international venues. Building on the pillars of democracy, peace, and prosperity, Taiwan will continue to work with the Marshall Islands and other like-minded countries to deepen our partnerships, engage in mutual assistance for mutual benefits, and help one another achieve joint and prosperous development. I have every confidence that the combined efforts of our two nations will yield even greater well-being for our peoples and see us make even more contributions to the world. President Heine then delivered remarks, and began by conveying warm greetings of iokwe from the people and government of the Republic of the Marshall Islands to the people and government of the Republic of China (Taiwan). She said she was deeply honored to be in Taiwan for an official visit, and extended appreciation to President Lai and his government for their gracious invitation and warm welcome. President Heine stated that this year marks 27 years of diplomatic ties between our two nations, and that they are proud of this enduring friendship. This special and enduring relationship, she said, is grounded in our shared Austronesian heritage, and strengthened by mutual respect for each other’s democratic systems and our steadfast commitment to the core values of freedom, justice, and the rule of law. President Heine stated that Taiwan’s continued support has been invaluable to the people and national development of the Marshall Islands, particularly in the areas of health, education, agriculture, and climate change. She also expressed deep appreciation to Taiwan for providing Marshallese students with opportunities to study in Taiwan, and for the care extended to Marshallese who travel here for medical treatment. President Heine also announced that she would be presenting a copy of a resolution by the people and government of the Republic of the Marshall Islands reiterating their appreciation for the support provided by the people and government of the Republic of China (Taiwan), and calling on the United Nations to take immediate action to resolve the inappropriate exclusion of Taiwan’s 23 million people from the UN system. She added that she looked forward to the bilateral discussions later that day, and to continuing the important work that both countries carry out together. After the bilateral talks, President Lai and President Heine witnessed the signing of a letter of intent regarding sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund by Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Marshallese Minister of Foreign Affairs and Trade Kalani R. Kaneko. President Lai then presided over a launch ceremony for a loan program to purchase aircraft, marking the formal beginning of Taiwan-Marshall Islands air transport cooperation. The visiting delegation also included Council of Iroij Chairman Lanny Kabua, Minister of Finance David Paul, and Nitijela Standing Committee on Foreign Affairs and Trade Chair Joe Bejang. They were accompanied to the Presidential Office by Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.

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

    MIL OSI Asia Pacific News –

    June 16, 2025
  • MIL-OSI United Kingdom: Council scheme brings flower power to towns and villages

    Source: Northern Ireland City of Armagh

    Harry and Normal from Magheralin Gardening Team pick up the flowers for their village from Leanne McShane (ABC Council).

    Towns and villages across the Armagh City, Banbridge and Craigavon Borough are enjoying an extra splash of colour thanks to ABC Council’s Small Floral Grants Scheme.

    Last week more than 30 local community groups and organisations received their allocation of flowers and shrubs through the successful scheme delivered by Armagh City, Banbridge and Craigavon Borough Council.

    Each year, groups across the borough are invited to apply for a grant up to a maximum of £250. Council will purchase the bedding plants and shrubs on behalf of the community groups. The plants are then distributed to the community groups who will plant and tend to them.

    Sean Gordon from Lislea Community Centre said the grants scheme had a positive impact on their village. He said: “We have been successful for the last five years in getting flowers from the council, they are a great asset to our community and our community centre. A lot of people come and have a walk around to admire the flowers, and it’s a brilliant idea.”

    Applications for next year’s Small Floral Grants Scheme are expected to open later this year.

    If you would like more information on the Small Floral Grants Scheme you can send an email to

    *protected email*

    Previous articleNominate your rising stars for the Junior Sports Awards










    MIL OSI United Kingdom –

    June 16, 2025
  • MIL-OSI United Nations: 4th Consultation on the improved modalities for reporting and assessment of forest disturbance/damage in the UNECE region: Frequency of reporting and Thresholds for forest damage/disturbance

    Source: United Nations Economic Commission for Europe

    In response to the request by of the UNECE Committee on Forests and the Forest Industry (COFFI) and the FAO European Forestry Commission (EFC) to develop the improved modalities for reporting and assessment of forest disturbance/damage in the UNECE region, the UNECE/FAO Team of Specialists (ToS) on Monitoring Sustainable Forest Management has initiated work on this topic.

    A Task Force within the ToS has led the preparatory process, which includes the series of consultations to address key issues such as the purpose of reporting, the types of damage to prioritize, relevant metrics, the distinction between damage and disturbance, cause attribution, event timing, monitoring frequency, thresholds, and the integration of new technologies.

    The 4th consultation builds on the results of the 1st, 2nd and 3rd consultations, which were held on 25 February 2025, 27 March 2025, and 5 May 2025 respectively. It focuses on the following issues:

    • Frequency of forest damage/disturbance reporting, and
    • Thresholds for forest damage/disturbance.

    The 4th meeting will conclude this series of technical consultations on this topic. The results will form the basis of a proposal for improved forest damage and disturbance reporting in the UNECE region. This proposal will be discussed at the next Team of Specialists meeting, which will take place in Siegburg, Germany, from 9 to 11 September 2025 (in person only).

    Contact: Secretariat

    This meeting is exclusively for Team of Specialists and Task Force members. As such, it is closed to the public.

    MIL OSI United Nations News –

    June 16, 2025
  • MIL-OSI Economics: Post-Pandemic Investment in Spain: Assessing the Sluggish Recovery

    Source: International Monetary Fund

    Summary

    This paper examines Spain’s investment performance five years after the COVID-19 pandemic. As of 2024, investment had only returned to pre-pandemic levels and remained below historical fundamentals and euro area peers, particularly in transport equipment and other construction. Macroeconomic analysis identifies elevated economic policy uncertainty as a factor holding back investment. Moreover, firm-level data show that investment among small and younger to middle-aged Spanish firms is less responsive to profitability than in comparable firms in larger euro area economies, further suggesting that uncertainty is weighing on investment decisions. For younger and middle-aged firms, high leverage during the pandemic also points to binding financial constraints.

    Subject: Capital formation, COVID-19, Depreciation, Financial institutions, Foreign exchange, Gross fixed investment, Health, Housing, Intangible capital, National accounts, Purchasing power parity, Sovereign bonds

    Keywords: Bond yields, Capital formation, Consumer price indexes, COVID-19, Depreciation, Economic policy uncertainty, Firm heterogeneity, Gross fixed investment, Housing, Intangible capital, Investment, Leverage, Profitability, Purchasing power parity, Sovereign bonds

    MIL OSI Economics –

    June 16, 2025
  • MIL-OSI Banking: axessinvest.de: BaFin warns consumers about website and identity fraud

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin warns consumers about fraudulent term deposit offers.

    You can view BaFin’s current warnings about companies operating without the required authorisation and find out how to protect yourself from fraudsters on the financial market in the “Recognising financial fraud” section of our website.

    MIL OSI Global Banks –

    June 16, 2025
  • PM Modi conferred Cyprus’s highest civilian honour, dedicates it to people of India

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi was on Monday conferred with the “Grand Cross of the Order of Makarios III”, the highest civilian honour of the Republic of Cyprus. The award was presented by Cypriot President Nikos Christodoulides during the Prime Minister’s official visit to the country.

    In his acceptance remarks, PM Modi expressed his gratitude to the President, the government, and the people of Cyprus. Accepting the honour on behalf of the 1.4 billion people of India, the Prime Minister said the recognition was a tribute to the enduring friendship between the two nations, founded on shared democratic values, mutual trust, and cooperation across diverse fields.

    “This honour is not just for me, but for 1.4 billion Indians,” he said. “It reflects our civilisational ethos of Vasudhaiva Kutumbakam – the world is one family – which continues to guide India’s approach to global peace, progress and cooperation.”

    PM Modi described the Grand Cross as a symbol of the deepening ties between India and Cyprus and a reaffirmation of the shared commitment to uphold peace, sovereignty, territorial integrity, and prosperity.

    Instituted in 1981 by then President Spyros Kyprianou, the Decoration of the Grand Cross of the Order of Makarios III is one of the most prestigious awards conferred by the Cypriot state. It is granted under the powers of Article 47b of the Constitution of the Republic of Cyprus and is reserved for distinguished personalities who have contributed to strengthening bilateral relations and promoting global goodwill.

    The honour has previously been awarded to several distinguished world leaders, including former Australian Prime Minister Gough Whitlam in March 1983, Italian Prime Minister Giulio Andreotti in April 1990, Austrian Chancellor Karl Nehammer in July 2022, Prime Minister of Luxembourg Xavier Bettel in March 2023, and Queen Máxima of the Netherlands earlier this year.

    PM Modi’s visit to Cyprus comes at a time when both countries are seeking to deepen cooperation across diverse sectors, from economic engagement to cultural ties and innovation.

    June 16, 2025
  • PM Modi conferred Cyprus’s highest civilian honour, dedicates it to people of India

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi was on Monday conferred with the “Grand Cross of the Order of Makarios III”, the highest civilian honour of the Republic of Cyprus. The award was presented by Cypriot President Nikos Christodoulides during the Prime Minister’s official visit to the country.

    In his acceptance remarks, PM Modi expressed his gratitude to the President, the government, and the people of Cyprus. Accepting the honour on behalf of the 1.4 billion people of India, the Prime Minister said the recognition was a tribute to the enduring friendship between the two nations, founded on shared democratic values, mutual trust, and cooperation across diverse fields.

    “This honour is not just for me, but for 1.4 billion Indians,” he said. “It reflects our civilisational ethos of Vasudhaiva Kutumbakam – the world is one family – which continues to guide India’s approach to global peace, progress and cooperation.”

    PM Modi described the Grand Cross as a symbol of the deepening ties between India and Cyprus and a reaffirmation of the shared commitment to uphold peace, sovereignty, territorial integrity, and prosperity.

    Instituted in 1981 by then President Spyros Kyprianou, the Decoration of the Grand Cross of the Order of Makarios III is one of the most prestigious awards conferred by the Cypriot state. It is granted under the powers of Article 47b of the Constitution of the Republic of Cyprus and is reserved for distinguished personalities who have contributed to strengthening bilateral relations and promoting global goodwill.

    The honour has previously been awarded to several distinguished world leaders, including former Australian Prime Minister Gough Whitlam in March 1983, Italian Prime Minister Giulio Andreotti in April 1990, Austrian Chancellor Karl Nehammer in July 2022, Prime Minister of Luxembourg Xavier Bettel in March 2023, and Queen Máxima of the Netherlands earlier this year.

    PM Modi’s visit to Cyprus comes at a time when both countries are seeking to deepen cooperation across diverse sectors, from economic engagement to cultural ties and innovation.

    June 16, 2025
  • MIL-OSI United Kingdom: Allister calls on Government to tighten border controls

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by TUV leader and North Antrim MP:-

    “There is an urgent need for the Government to address, rather than run away from, the unfettered access of Eastern Europeans through the Republic to Northern Ireland.

    “Though we are supposed to have seen an end to ‘freedom of movement’ upon leaving the EU, the reality is that it has effectively continued via the Republic, made easy by HMG’s refusal to exercise any control of the border.

    “I will continue to press the Government on these issues. HMG talks incessantly about tackling the small boats, but makes no pretence of addressing this other, and even easier, access point.

    “The Protocol has the added potential of making things even worse, because, as the Rwanda case demonstrated, we can’t even apply in NI protections passed by the U.K. parliament.”

    MIL OSI United Kingdom –

    June 16, 2025
  • MIL-OSI United Kingdom: TUV call for local hero’s darts triumph to be marked

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by TUV Braid Councillor Christopher Jamieson:

    “I am absolutely thrilled to extend my congratulations to the Northern Ireland darts team on achieving an extraordinary victory at the 2025 World Cup of Darts in Frankfurt. In a gripping final decider, Daryl Gurney and our very own Josh Rock triumphed 10–9 over Wales, clinching Northern Ireland’s first ever World Cup of Darts title .

    “As the local councillor representing Broughshane, I could not be prouder to see Josh Rock – our hometown hero – step onto the world stage and deliver such a performance. Breaking the tournament record for 180s made it all the more special.

    “Josh’s return to Broughshane will be met with a hero’s welcome. I will be requesting a Mayor’s reception for him. I’ve no doubt that his achievement will inspire future local sports stars.”

    MIL OSI United Kingdom –

    June 16, 2025
  • MIL-OSI Africa: Prime Minister, Minister of Foreign Affairs Receive Phone Call from Spanish Foreign Minister

    Source: Government of Qatar

    Doha, June 15, 2025

    HE Prime Minister and Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani received Sunday a phone call from HE Minister of Foreign Affairs, European Union and Cooperation of the Kingdom of Spain, Jose Manuel Albares.

    During the call, they discussed bilateral cooperation relations and ways to further support and enhance them. They also reviewed the latest developments in the region, particularly the Israeli attack on the sisterly Islamic Republic of Iran.

    In this context, HE the Prime Minister and Minister of Foreign Affairs reiterated the State of Qatar’s strong condemnation of the repeated Israeli violations and attacks in the region, stressing that such actions undermine efforts to achieve peace and risk dragging the region into a wider conflict.

    His Excellency emphasized the urgent need for joint regional and international efforts to de-escalate tensions and resolve disputes through diplomatic channels. He affirmed that the State of Qatar continues to exert intensive efforts, in coordination with its partners, to restore dialogue among all parties, address outstanding issues, and promote security and peace in the region and the world.

    MIL OSI Africa –

    June 16, 2025
  • MIL-OSI Europe: Telegram of the Holy Father, signed by the Cardinal Secretary of State, on the occasion of the celebrations for the Day of Life of the Episcopal Conferences of England and Wales, Scotland and Ireland

    Source: The Holy See

    Telegram of the Holy Father, signed by the Cardinal Secretary of State, on the occasion of the celebrations for the Day of Life of the Episcopal Conferences of England and Wales, Scotland and Ireland, 15.06.2025

    The following is the telegram sent by Cardinal Secretary of State Pietro Parolin, on behalf of the Holy Father Leo XIV, to His Excellency Archbishop John Sherrington of Liverpool, on the occasion of the celebrations for the Day for Life of the Episcopal Conferences of England and Wales, Scotland and Ireland:

    Telegram
    THE MOST REVEREND JOHN SHERRINGTONARCHBISHOP OF LIVERPOOL
    HIS HOLINESS POPE LEO XIV SENDS THE ASSURANCE OF HIS SPIRITUAL CLOSENESS TO THOSE PARTICIPATING IN THE 2025 “DAY FOR LIFE” BEING CELEBRATED JOINTLY BY THE BISHOPS’ CONFERENCES OF ENGLAND AND WALES, SCOTLAND, AND IRELAND. IN THIS JUBILEE YEAR FOCUSSED ON THE THEOLOGICAL VIRTUE OF HOPE, IT IS FITTING THAT YOUR THEME, “HOPE DOES NOT DISAPPOINT – FINDING MEANING IN SUFFERING”, SEEKS TO DRAW PEOPLE’S ATTENTION TO HOW THE MYSTERY OF SUFFERING, SO PREVALENT IN THE HUMAN CONDITION, CAN BE TRANSFORMED BY GRACE INTO AN EXPERIENCE OF THE LORD’S PRESENCE, FOR GOD IS ALWAYS CLOSE TO THOSE WHO ARE SUFFERING AND GUIDES US TO APPRECIATE THE DEEPER MEANING OF LIFE, IN LOVE AND CLOSENESS (CF. MESSAGE OF HIS HOLINESS POPE FRANCIS, XXXIII WORLD DAY OF THE SICK). HIS HOLINESS PRAYS THAT, THROUGH YOUR COMMON WITNESS TO THE GOD-GIVEN DIGNITY OF EVERY PERSON, WITHOUT EXCEPTION, AND TO THE TENDER CHRIST-LIKE ACCOMPANIMENT OF THE SERIOUSLY ILL, ALL IN SOCIETY WILL BE ENCOURAGED TO DEFEND RATHER THAN UNDERMINE A CIVILIZATION FOUNDED ON AUTHENTIC LOVE AND GENUINE COMPASSION. THE HOLY FATHER ENTRUSTS YOUR EFFORTS TO THE INTERCESSION OF OUR LADY OF GOOD COUNSEL, AND TO ALL SUPPORTING THIS “DAY FOR LIFE”, HE CORDIALLY IMPARTS HIS APOSTOLIC BLESSING AS A PLEDGE OF FORTITUDE, JOY AND PEACE IN THE RISEN LORD.
    CARDINAL PIETRO PAROLINSECRETARY OF STATE

    MIL OSI Europe News –

    June 16, 2025
  • Nvidia’s pitch for sovereign AI resonates with EU leaders

    Source: Government of India

    Source: Government of India (4)

    Nvidia NVDA.O CEO Jensen Huang has been pitching the idea of “sovereign AI” since 2023. Europe is now starting to listen and act.

    The concept is based on the idea that the language, knowledge, history and culture of each region are different, and every nation needs to develop and own its AI.

    Last week, the CEO of the artificial-intelligence chipmaker toured Europe’s major capitals – London, Paris and Berlin – announcing a slew of projects and partnerships, while highlighting the lack of AI infrastructure in the region.

    In a place where leaders are increasingly wary of the continent’s dependency on a handful of U.S. tech companies and after drawing ire from the U.S. President Donald Trump, his vision has started to gain traction.

    “We are going to invest billions in here … but Europe needs to move into AI quickly,” Huang said on Wednesday in Paris.

    On Monday of last week, British Prime Minister Keir Starmer announced 1 billion pounds ($1.35 billion) in funding to scale up computing power in a global race “to be an AI maker and not an AI taker.”

    French President Emmanuel Macron called building AI infrastructure “our fight for sovereignty” at VivaTech, one of the largest global tech conferences.

    After Nvidia laid out plans to build an AI cloud platform in Germany with Deutsche Telekom DTEGn.DE, German Chancellor Friedrich Merz called it an “important step” for the digital sovereignty and economic future of Europe’s top economy.

    Europe lags behind both the U.S. and China as its cloud infrastructure is mostly run by Microsoft MSFT.O, Amazon AMZN.O and Alphabet’s GOOGL.O Google, and it has only a few smaller AI companies such as Mistral to rival the U.S. ones.

    “There’s no reason why Europe shouldn’t have tech champions,” said 31-year-old Mistral CEO Arthur Mensch, sitting beside Huang, who has led Nvidia for more than three decades, at a panel at VivaTech.

    “This is a gigantic dream.”

    GIGAFACTORY PLANS UNLEASHED

    In France, Mistral has partnered with Nvidia to build a data centre to power the AI needs of European companies with a homegrown alternative.

    It will use 18,000 of the latest Nvidia AI chips in the first phase, with plans to expand across multiple sites in 2026.

    In February, the European Union announced plans to build four “AI gigafactories” at a cost of $20 billion to lower dependence on U.S. firms.

    The European Commission has been in touch with Huang and he had told the EU executive that he was going to allocate some chip production to Europe for these factories, an EU official told Reuters.

    Nvidia’s chips known as Graphics Processing Units or GPUs are crucial for building AI data centres from the U.S. to Japan and India to the Middle East.

    In Europe, a push for sovereign AI could reshape the tech landscape with domestic cloud providers, AI startups, and chipmakers standing to gain from new government funding and a shift toward in-region data infrastructure.

    Nvidia also wants to cement demand for its AI chips, ensuring that even as countries seek independence, they still rely on its technology to get there.

    POWER COSTS

    The push is not without challenges.

    High electricity costs and rising demand could strain sourcing of electricity for data centres. Data centres account for 3% of EU electricity demand, but their consumption is expected to increase rapidly this decade due to AI.

    Mistral, which has raised just over $1 billion, is trying to become a European homegrown champion with a fraction of the money U.S. hyperscalers or large data-centre operators spend in a month.

    “Hyperscalers are spending $10 billion to $15 billion per quarter in their infrastructure. Who in Europe can afford that exactly?” said Pascal Brier, chief innovation officer at Capgemini CAPP.PA, a partner of both Nvidia and Mistral.

    “It doesn’t mean we shouldn’t do anything, but we have to be cognizant about the fact that there will always be a gap.”

    Mistral has launched several AI models which are used by businesses but companies tend to mix them with models from other companies such as OpenAI, Anthropic and Meta Platforms META.O.

    “Most of the time it’s not Mistral or the rest, it’s Mistral and the rest,” Brier said.

    (Reuters)

    June 16, 2025
  • MIL-OSI China: Russell wins F1 Canadian GP as Norris-Piastri clash shakes up title fight

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

    George Russell claimed Mercedes’ first win of the season with a commanding drive from pole position in Montreal, but the biggest drama came behind as McLaren teammates and title rivals Lando Norris and Oscar Piastri collided late in the race.

    The contact occurred on lap 67 of 70 as Norris attempted to overtake Piastri for fourth. The Briton misjudged a move on the pit straight and ran into the back of the Australian’s car.

    Mercedes’s British driver George Russell competes during the qualifying session of the Formula One Canadian Grand Prix 2025 at the Circuit Gilles Villeneuve in Montreal, Canada, June 14, 2025. (Photo by Song Haiyuan/Xinhua)

    Norris retired on the spot with front suspension damage, while Piastri continued to finish fourth behind Russell, Red Bull’s Max Verstappen and the second Mercedes of Kimi Antonelli. The race ended under the safety car.

    Norris immediately took full responsibility over team radio: “It’s all my bad, all my fault. Unlucky, sorry. Stupid from me.”

    The incident, reminiscent of Lewis Hamilton and Jenson Button’s infamous clash at the same point in 2011, dealt a blow to Norris’ title challenge. Piastri’s points lead over his teammate now stands at 22 points, with Verstappen a further 21 points behind.

    Until the clash, Norris had run a good race from seventh on the grid on an inverted tyre strategy. Having gained on Piastri, the Briton surprised his teammate on lap 66 with a pass into the hairpin, but Piastri regained the position with a cut-back down the straight.

    As Norris aimed to slingshot past on the pit straight, he ran out of room and his front wing broke against the rear of Piastri’s car.

    While McLaren were left to rue the first clash between their two drivers this season, Russell delivered a composed and clinical performance out front.

    Having taken a surprise pole position in Saturday’s qualifying session, he converted it into victory with a strong start and controlled the pace throughout the afternoon. Despite closing the gap in the closing laps, Verstappen never truly threatened.

    Mercedes, however, may face a post-race protest from Red Bull, who allege Russell drove erratically under the safety car.

    Behind them, 18-year-old Antonelli secured his maiden F1 podium in just his tenth Grand Prix. The Italian overtook Piastri for third on the opening lap and showed maturity in defending the final podium place before Norris’ crash neutralized the race.

    Ferrari endured a frustrating day. Charles Leclerc finished a distant fifth after publicly questioning the team’s strategy to make two pit stops instead of just one. Teammate Hamilton finished a low-key sixth, although the Briton’s pace was affected by an early collision with a groundhog, which damaged his floor and cost him some downforce.

    Fernando Alonso continued Aston Martin’s mini-revival with a solid seventh place, followed by Nico Hulkenberg’s Sauber in eighth. Esteban Ocon secured ninth for Haas, and Carlos Sainz took the final point after executing a well-managed one-stop strategy.

    The 11th round of the 2025 Formula 1 season is the Austrian Grand Prix at the Red Bull Ring, where Russell won last year after Norris and Verstappen clashed while battling for the lead. 

    MIL OSI China News –

    June 16, 2025
  • MIL-OSI Banking: BSTDB Hosts the Heads of Internal Audit Annual Meeting

    Source: Black Sea Trade and Development Bank

    Press Release | 16-Jun-2025

    Internal Audit Leaders Convene in Thessaloniki to Discuss ESG, AI, and Evolving Governance Standards

    The Black Sea Trade and Development Bank (BSTDB) hosted the Annual Meeting of the Heads of Internal Audit (HOIA) on 12–13 June 2025. The two-day event, held under the theme “Empowering Accountability and Resilience,” brought together internal audit leaders from over 40 international financial institutions, United Nations agencies, European bodies, and global alliances.

    Participants addressed a wide range of critical topics shaping the future of the profession—from ESG integration and fraud risk management to artificial intelligence, generative technologies, and internal audit quality standards.

    In his opening statement, BSTDB President Dr. Serhat Köksal underlined that “the role of internal audit is one of the critical functions, given the current challenging international setting, including geopolitical tensions, economic volatility, technological disruption, and urgent climate imperatives.”  He stressed that International Financial Institutions (IFIs) have an increased responsibility to drive in these factors into their governance frameworks because of their wide-reaching impact on communities, the environment, and global development.

    Delivering the keynote,  Anthony J. Pugliese, President and CEO of the Institute of Internal Auditors, emphasized the systemic, fast-evolving and interconnected nature of today’s risk landscape. Emphasis was placed on the expanding role of internal audit- transforming from traditional oversight to providing strategic guidance in enterprise risk management. He highlighted the dual impact of technology as both a disruptive and an enabler and introduced the principles of responsible AI governance. He concluded by outlining key priorities for strengthening the future of the profession, emphasizing culture, synergies and resilience as the foundations for long term sustainability.

    Pavlos Pavlides, Director of Internal Audit at BSTDB and host of the Meeting, stressed the importance of sound governance, vigilance, and integrity in delivering on institutional mandates. He called for strengthening collaboration among internal audit functions across international organisations to increase collective impact, knowledge-sharing, and professional development.

    The Meeting concluded with a shared commitment to advancing the internal audit profession as a cornerstone of good governance, resilience, and institutional excellence.

     

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Global Banks –

    June 16, 2025
  • MIL-OSI: Falcon Oil & Gas Ltd. – Another Stellar IP30 Flow Test Result in the Beetaloo

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd (“Falcon”).

    Another Stellar IP30 Flow Test Result in the Beetaloo

    16 June 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 30-day initial production (“IP30”) flow rate of 7.2 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated length within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP30 result in the Beetaloo to date.

    Points to note:

    • The normalized flow rate of 13.2 MMcf/d over an extrapolated 10,000-foot horizontal section is in-line with the average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts.
    • The exit rate trajectory continues a steady, low-declining curve at 6.7 MMcf/d (normalized at 12.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of ~910 psi. The steady state decline curve on SS-2H ST1 is consistent with that achieved from the Shenandoah South 1H well (“SS-1H”).
    • For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

    Development activity

    • The Shenandoah South drilling campaign is planned to commence in July 2025, targeting up to three 10,000-foot horizontal wells and completed with up to 60 stimulation stages from the SS2 well pad. As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has opted to reduce its participating interest in the three wells to 0%.
    • Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (“SPCF”) to feed into a 40 MMcf/d take-or-pay Gas Sales Agreement (“GSA”) with the Northern Territory Government. Production remains on track to commence in mid-2026, subject to standard regulatory and stakeholder approvals and favourable weather conditions.
    • The Shenandoah South 4H (“SS-4H”) well is planned to be completed and flow tested by the end of 2025, with the remaining wells drilled in the 2025 campaign to be completed during 1H 2026.
    • Completion of the remaining four wells will incorporate lessons from the SS-1H and SS-2H ST1 wells.
    • The five wells are expected to deliver the required 40 MMcf/d volume under a binding take-or-pay agreement with the Northern Territory Government.

    Philip O’Quigley, CEO of Falcon commented:

    “The IP30 flow rate results announced today of 7.2 MMcf/d, are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States. Not only did the results exceed Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres but had similar flow rates and pressures to SS-1H and SS-2H ST1, which all point towards the significant resource potential of the Beetaloo.

    Falcon looks forward to the planned completion and testing of SS-4H by the end of 2025 and also to observing the results from the next three wells of the Shenandoah South drilling program and the additional milestones they will establish.

    As further results become available, we look forward to updating the market further”

    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

     

    This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

    For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

    About Beetaloo Joint Venture (EP 76, 98 and 117)   

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 22.5%
    Tamboran (B2) Pty Limited (“Tamboran”) 77.5%
    Total 100.0%

    Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 5.0%
    Tamboran (B2) Pty Limited 95.0%
    Total 100.0%

    1Subject to the completion of SS–4H wells on the Shenandoah South pad 2.

    About Tamboran (B2) Pty Limited
    Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

    Tamboran Resources Corporation is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Sub-basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

    Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

    Appendix A – SS-2H ST1 Flow Test Details

    Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results

    Advisory regarding forward-looking statements
    Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “anticipated”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes. In particular, forward-looking information in this press release includes, details on the IP30 flow test results of SS-2H ST1 including assumptions that the results are in line with average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period and that they demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts; consistency of the results of SS-2H ST1 with SS-1H; details on the planned three well drilling campaign including the plan to commence in July 2025 and to continue into 1H 2026; the plan to tie the wells to the SPCF under a GSA with the Northern Territory Government in mid-2026; the plan that SS-4H will be completed and flow tested by the end of 2025; the five wells drilled are expected to deliver the required 40 MMcf/d under a GSA with the Northern Territory Government;

    This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and/or their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

    Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

    Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.

    Attachment

    • 061625 Final Falcon Press Release – SS-2H ST1 IP30 v2

    The MIL Network –

    June 16, 2025
  • MIL-OSI: Falcon Oil & Gas Ltd. – Another Stellar IP30 Flow Test Result in the Beetaloo

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd (“Falcon”).

    Another Stellar IP30 Flow Test Result in the Beetaloo

    16 June 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Shenandoah S2-2H ST1 (“SS-2H ST1”) achieved an average 30-day initial production (“IP30”) flow rate of 7.2 million cubic feet per day (“MMcf/d”) over 1,671-metres (5,483-foot) across a 35 stage stimulated length within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia, making it the highest IP30 result in the Beetaloo to date.

    Points to note:

    • The normalized flow rate of 13.2 MMcf/d over an extrapolated 10,000-foot horizontal section is in-line with the average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period. The results demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts.
    • The exit rate trajectory continues a steady, low-declining curve at 6.7 MMcf/d (normalized at 12.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of ~910 psi. The steady state decline curve on SS-2H ST1 is consistent with that achieved from the Shenandoah South 1H well (“SS-1H”).
    • For further details on the SS-2H ST1 flow test including a table, and charts please refer to Appendix A.

    Development activity

    • The Shenandoah South drilling campaign is planned to commence in July 2025, targeting up to three 10,000-foot horizontal wells and completed with up to 60 stimulation stages from the SS2 well pad. As previously announced, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has opted to reduce its participating interest in the three wells to 0%.
    • Once completed, the five wells on the SS2 pad are planned to be tied into the Sturt Plateau Compression Facility (“SPCF”) to feed into a 40 MMcf/d take-or-pay Gas Sales Agreement (“GSA”) with the Northern Territory Government. Production remains on track to commence in mid-2026, subject to standard regulatory and stakeholder approvals and favourable weather conditions.
    • The Shenandoah South 4H (“SS-4H”) well is planned to be completed and flow tested by the end of 2025, with the remaining wells drilled in the 2025 campaign to be completed during 1H 2026.
    • Completion of the remaining four wells will incorporate lessons from the SS-1H and SS-2H ST1 wells.
    • The five wells are expected to deliver the required 40 MMcf/d volume under a binding take-or-pay agreement with the Northern Territory Government.

    Philip O’Quigley, CEO of Falcon commented:

    “The IP30 flow rate results announced today of 7.2 MMcf/d, are truly stellar and marks another major data point in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States. Not only did the results exceed Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per 1,000 metres but had similar flow rates and pressures to SS-1H and SS-2H ST1, which all point towards the significant resource potential of the Beetaloo.

    Falcon looks forward to the planned completion and testing of SS-4H by the end of 2025 and also to observing the results from the next three wells of the Shenandoah South drilling program and the additional milestones they will establish.

    As further results become available, we look forward to updating the market further”

    Ends.

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

     

    This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Technical Advisor. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

    For further information on Falcon Oil & Gas Ltd. Please visit www.falconoilandgas.com

    About Beetaloo Joint Venture (EP 76, 98 and 117)   

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 22.5%
    Tamboran (B2) Pty Limited (“Tamboran”) 77.5%
    Total 100.0%

    Shenandoah South Pilot Project -2 Drilling Space Units – 46,080 acres1

    Company Interest
    Falcon Oil & Gas Australia Limited (Falcon Australia) 5.0%
    Tamboran (B2) Pty Limited 95.0%
    Total 100.0%

    1Subject to the completion of SS–4H wells on the Shenandoah South pad 2.

    About Tamboran (B2) Pty Limited
    Tamboran (B1) Pty Limited (“Tamboran B1”) is the 100% holder of Tamboran (B2) Pty Limited, with Tamboran B1 being a 50:50 joint venture between Tamboran Resources Corporation and Daly Waters Energy, LP.

    Tamboran Resources Corporation is a natural gas company listed on the NYSE (TBN) and ASX (TBN). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Sub-basin through cutting-edge drilling and completion design technology as well as management’s experience in successfully commercialising unconventional shale in North America.

    Bryan Sheffield of Daly Waters Energy, LP is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO. PE was acquired for over US$7 billion by Pioneer Natural Resources Company.

    Appendix A – SS-2H ST1 Flow Test Details

    Note to reader: Please refer to the PDF attachment included at the end of this press release for further details including a table and charts related to the SS-2H ST1 flow test results

    Advisory regarding forward-looking statements
    Certain information in this press release may constitute forward-looking information. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information typically contains statements with words such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “dependent”, “consider” “potential”, “scheduled”, “forecast”, “anticipated”, “outlook”, “budget”, “hope”, “suggest”, “support” “planned”, “approximately”, “potential” or the negative of those terms or similar words suggesting future outcomes. In particular, forward-looking information in this press release includes, details on the IP30 flow test results of SS-2H ST1 including assumptions that the results are in line with average of more than 11,000 wells in the Marcellus Shale dry gas area on production over a 12-month period and that they demonstrate the commercial deliverability of gas from the Amungee Member B-Shale in the Australian East Coast gas market that typically sells at a premium to Henry Hub in the United States and under long term CPI-linked contracts; consistency of the results of SS-2H ST1 with SS-1H; details on the planned three well drilling campaign including the plan to commence in July 2025 and to continue into 1H 2026; the plan to tie the wells to the SPCF under a GSA with the Northern Territory Government in mid-2026; the plan that SS-4H will be completed and flow tested by the end of 2025; the five wells drilled are expected to deliver the required 40 MMcf/d under a GSA with the Northern Territory Government;

    This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. The risks, assumptions and other factors that could influence actual results include risks associated with fluctuations in market prices for shale gas; risks related to the exploration, development and production of shale gas reserves; general economic, market and business conditions; substantial capital requirements; uncertainties inherent in estimating quantities of reserves and resources; extent of, and cost of compliance with, government laws and regulations and the effect of changes in such laws and regulations; the need to obtain regulatory approvals before development commences; environmental risks and hazards and the cost of compliance with environmental regulations; aboriginal claims; inherent risks and hazards with operations such as mechanical or pipe failure, cratering and other dangerous conditions; potential cost overruns, drilling wells is speculative, often involving significant costs that may be more than estimated and may not result in any discoveries; variations in foreign exchange rates; competition for capital, equipment, new leases, pipeline capacity and skilled personnel; the failure of the holder of licenses, leases and permits to meet requirements of such; changes in royalty regimes; failure to accurately estimate abandonment and reclamation costs; inaccurate estimates and assumptions by management and/or their joint venture partners; effectiveness of internal controls; the potential lack of available drilling equipment; failure to obtain or keep key personnel; title deficiencies; geo-political risks; and risk of litigation.

    Readers are cautioned that the foregoing list of important factors is not exhaustive and that these factors and risks are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.com, including under “Risk Factors” in the Annual Information Form.

    Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for Falcon. Such rates are based on field estimates and may be based on limited data available at this time.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon publication of this announcement, this inside information is now considered to be in the public domain.

    Attachment

    • 061625 Final Falcon Press Release – SS-2H ST1 IP30 v2

    The MIL Network –

    June 16, 2025
  • India-Cyprus relations: expanding defence and economic ties

    Source: Government of India

    Source: Government of India (4)

    India and the Republic of Cyprus (RoC) have continued to deepen their bilateral engagement with steady progress in defence and economic cooperation in recent years. Building on shared strategic interests, the two countries have laid down frameworks to expand collaboration in key sectors, while also reaffirming their commitment to a rules-based international order.

    In the area of defence, the signing of a Memorandum of Understanding (MoU) on Defence Cooperation on December 29, 2022, during External Affairs Minister S. Jaishankar’s visit to Cyprus, marked a significant development. The agreement has since been followed by the signing of a Bilateral Defence Cooperation Programme (BDCP) for 2025, which took place in Nicosia on January 23, 2025. The programme aims to enhance structured cooperation in defence and military exchanges.

    In a reflection of this growing engagement, a Cypriot defence delegation led by Anna Aristotelous, Permanent Secretary of the Defence Ministry of RoC, participated in Aero India 2025 held in Bengaluru from February 10–14. On the sidelines of the event, Aristotelous held discussions with Minister of State for Defence, Sanjay Seth, to explore ways to further deepen defence ties.

    Defence diplomacy between the two nations is also supported by India’s concurrent accreditation of its Defence Attaché to the Republic of Cyprus, based at the Embassy of India in Cairo.

    On the economic front, bilateral trade has shown resilience despite global challenges. According to the Ministry of External Affairs (MEA), trade between India and Cyprus in 2023–24 stood at USD 137 million. Key Indian exports to Cyprus include pharmaceuticals, textiles, ceramic products, iron and steel, machinery, and chemicals. Meanwhile, Cyprus exports pharmaceuticals, beverages, and various manufactured goods to India.

    While trade volumes were impacted by the disruptions caused by the COVID-19 pandemic, both sides remain engaged in efforts to revive economic flows and encourage greater investments. Cyprus continues to be an important partner in the Foreign Direct Investment space for India, and several Indian firms view Cyprus as a strategic gateway to the European Union.

    June 16, 2025
  • MIL-OSI United Kingdom: PM meeting with Prime Minister Meloni of Italy: 15 June 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    PM meeting with Prime Minister Meloni of Italy: 15 June 2025

    The Prime Minister met Italian Prime Minister Giorgia Meloni at the G7 Summit this evening.

    The Prime Minister met Italian Prime Minister Giorgia Meloni at the G7 Summit this evening. 

    Discussing the situation in the Middle East, the Prime Minister urged restraint and de-escalation. The devastating human toll as well as the potential global economic impact caused by rising global oil prices cannot be underestimated, the leaders agreed. 

    They added that this Summit comes at a vitally important moment for the world, and that G7 partners must find a way forward through diplomacy. 

    They reiterated their enduring support for Ukraine, agreeing that it is a topic of our common security that they looked forward to discussing in the next two days. 

    They had a lengthy discussion on migration, confirming that they would continue working together on innovative solutions to break the criminal model of irregular migration. 

    The Prime Minister raised the UK’s world-leading work on people smuggling sanctions, adding that he looked forward to working with other European countries on this approach.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 16 June 2025

    MIL OSI United Kingdom –

    June 16, 2025
←Previous Page
1 … 125 126 127 128 129 … 190
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress