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Category: Technology

  • MIL-OSI United Kingdom: ‘Innovator passports’ set to accelerate cutting-edge NHS care

    Source: United Kingdom – Executive Government & Departments

    Press release

    ‘Innovator passports’ set to accelerate cutting-edge NHS care

    New ‘innovator passport’ will slash red tape so cutting-edge tech can be rolled out across the NHS quicker under the 10 Year Health Plan.

    • Digital system will mean companies can innovate faster and patients can get pioneering tech as soon as it’s ready to be rolled out
    • Will provide major boost to the Life Sciences sector, creating an NHS fit for future under the Plan for Change

    NHS patients across the country will get accelerated access to cutting edge technology through a new digital system that will cut red tape and boost life science .

    A new ‘innovator passport’ – to be introduced over next two years – will allow new technology that has been robustly assessed by one NHS organisation to be easily rolled out to others. 

    The move is a key part of the government’s Plan for Change and its 10 Year Health Plan, which will transfer power to patients and transform how healthcare is delivered, creating an NHS fit for future.

    For too long, cutting edge businesses deserted working with the NHS and went elsewhere, weighed down by slow timelines and reams of processes. Now, organisations will be able to join up with the NHS quicker than ever before through the removal of needless bureaucracy. Not only is this better for patients, but also for our NHS and economic growth.

    A ‘one-stop-shop’ thorough check from the NHS will now allow businesses to get to work as quickly as possible and deliver on what matters most to patients across the country. It means NHS patients will get more effective treatments and support quicker, and the NHS will make the most of its finite assessment resource, all while businesses are given a boost through the government’s industrial strategy.

    Treatments including special wound dressings—already reducing surgical site infections by 38% at Barking, Havering & Redbridge University Hospitals—could be adopted more widely, benefiting patients across the country.

    At Barts Health Trust in London, the use of antimicrobial protective coverings for cardiac devices cut infections and saved over £103,000 per year. At University Hospitals Dorset, adopting rapid influenza testing reduced bed days and antibiotic use, freeing up vital resources. MedTech Compass will make these innovations, and the evidence underpinning them, clear to buyers within the NHS.

    The new passport will eliminate multiple compliance assessments, reducing duplication across the health service. It will be delivered through MedTech Compass, a digital platform developed by DHSC to make effective technologies more visible and widely available.

    The initiative builds on the government’s drive to slash waiting lists and ensure people have access to health and care when and where they need it under the Plan for Change.

    Wes Streeting, Secretary of State for Health and Social Care, said: 

    For too long, Britain’s leading scientific minds have been held back by needless admin that means suppliers are repeatedly asked for the same data in different formats by different trusts – this is bad for the NHS, patients and bad for business. 

    These innovator passports will save time and reduce duplication, meaning our life sciences sector – a central part of our 10 Year Health Plan – can work hand in hand with the health service and make Britain a powerhouse for medical technology.

    Frustrated patients will no longer have to face a postcode lottery for lifesaving products to be introduced in their area and companies will be able to get their technology used across the NHS more easily, creating a health service fit for future under the Plan for Change.

    Dr Vin Diwakar, Clinical Transformation Director at NHS England, said:

    We’re seeing the impact improvements to technology are having on our everyday lives on everything from smartwatches to fitness trackers – and we want to make sure NHS patients can benefit from the latest medical technology and innovations as well.

    The new innovator passports will speed up the roll-out of new health technology in the NHS which has been proven to be effective, so that patients can benefit from new treatments much sooner.

    It also forms an important element of the industrial strategy through the upcoming Life Sciences Sector Plan, which will turbocharge Britain’s life sciences sector and cement the UK’s position as a global innovation leader.

    MedTech Compass helps speed up decision-making in trusts, allowing technology to scale faster – making it easier for trusts across the country to find, assess, and adopt proven technologies that improve and speed up patient care.

    The passports mean that once a healthcare tool has been assessed by one NHS organisation, further NHS organisations will not be able to insist on repeated assessments, reducing the need for local NHS systems to spend their limited resources on bureaucratic processes that have already been completed elsewhere.
    The digital system will act as a dynamic best buyer’s guide, making it easier for trusts to compare products side-by-side in one place.

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    Published 2 July 2025

    MIL OSI United Kingdom –

    July 2, 2025
  • MIL-OSI Australia: Knuldoorong Art Exhibition brings culture centre stage to celebrate NAIDOC Week

    Source: New South Wales Ministerial News

    The City of Greater Bendigo is excited to announce the opening of the 2025 Knuldoorong Art Exhibition this Friday July 4, featuring works from First Nations artists and creatives.

    The annual Knuldoorong Art Exhibition is a major highlight of local NAIDOC Week (July 6 to 13) events, anchoring the start of celebrations across Bendigo.

    This year’s exhibition explores the NAIDOC theme, The Next Generation: Strength, Vision and Legacy, through the talented cohort of First Nations artists exhibiting their artwork.

    The theme is reflected in the artists themselves, with artists exhibiting at different stages in their careers and life’s journey, from well-established Elders to first-time exhibitors and young First Nations artists. There is also a special showcase from the Bendigo & District Aboriginal Co-operative kindergarten.

    For the past nine years, the Knuldoorong Art Exhibition has been a cornerstone of NAIDOC Week celebrations, taking place in Dudley House.

    Artworks will be available for purchase, although items will remain on display in Dudley House until the exhibition ends.

    The City’s Arts Officer First Nations and exhibition curator Michellie Charvat said this exhibition is a beautiful reflection of multiple generations of artists coming together.

    “This year’s Knuldoorong Art Exhibition showcases an outstanding collection of artworks created by incredibly talented artists, from right across Bendigo and beyond,” Ms Charvat said.

    “It was amazing to curate the exhibition with the intention that the NAIDOC theme is embodied through the artists themselves, offering a subtle theme of The Next Generation: Strength, Vision and Legacy.

    “Each artwork reflects the culture and identity of the artist, deepening the connection to NAIDOC, community, and First Nations individuals.

    “It was also a special exhibition for me to curate personally as this is where my career as an artist and curator began years ago, so to support and encourage young artists to exhibit their work for the first time in this exhibition is really special.”

    The Knuldoorong Art Exhibition will be open to the public from Friday July 4 to Sunday July 13.

    The exhibition is free to attend and will be open daily from 11am to 4pm.

    MIL OSI News –

    July 2, 2025
  • MIL-OSI: BitMart Research—Reframing the On-Chain Narrative: What New Story Is Base Telling?

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 01, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive analysis on the resurgence of the Base ecosystem, highlighting its explosive growth, evolving narratives, and rising institutional alignment. As daily active addresses, TVL, and transaction volumes reach new highs, Base is rapidly transitioning from a speculative L2 to a foundational layer for compliant, on-chain financial and content infrastructure. With support from Coinbase’s strategic initiatives and breakout projects like Virtual and Kaito redefining launch dynamics and the attention economy, Base is emerging as a pivotal force in bridging traditional finance and Web3 innovation.

    1. Recent Developments in the Base Ecosystem

    Since the end of May 2025, Base has entered a clear period of ecological “explosion.” Key metrics such as daily active addresses, total value locked (TVL), and daily transaction count have surged significantly. The main driver behind this explosive growth is the emergence of multiple trending narratives within the Base ecosystem, each generating waves of market hype and drawing substantial attention.

    From a macro perspective, the recent IPO of Circle has sparked renewed investor optimism around the concept of stablecoins in global equity markets. This optimism, especially amid expectations of a more favorable regulatory environment, has positioned Base as an increasingly attractive option for traditional institutions.

    • User Growth: The number of active addresses has grown exponentially, recently hitting a record high of 3.6 million.
    • TVL Surge: Base’s total value locked climbed from $2.8 billion in early May to a peak of nearly $4 billion, matching its bull market highs in 2024.
    • On-Chain Activity: Since May, daily on-chain transactions have averaged nearly 9 million, reaching the peak levels of the 2024 bull cycle.

    2. Trending Projects in the Base Ecosystem


    Virtual: Pump.fun + Bn Alpha-Style Launch Mechanism Sparks Market Frenzy

    Among the many trending projects in the Base ecosystem, Virtual has undoubtedly become one of the most closely watched by the market. Leveraging an innovative token launch mechanism, it has rapidly attracted a large influx of capital and users, emerging as the flagship project in Base’s ongoing “launch narrative.” The price of VIRTUAL rose from $0.50 in mid-April to a peak of $2.50 in early June—a 400% gain.

    The key advantages of Virtual’s launch model include:

    • Ultra-low fundraising price: Each new project raises funding based on a fixed valuation of 42,425 VIRTUAL (approximately $224,000), allowing users to participate at extremely low entry prices. This creates substantial profit potential once the token goes live.
    • Linear token vesting: Unlike MEME launches on Pump.fun, tokens in Virtual’s launchpad projects are not fully unlocked at listing. Instead, they follow a transparent vesting model similar to VC-backed tokens, with tokens released in tranches. Moreover, to prevent immediate sell-offs by project teams, all raised funds are injected directly into the initial liquidity pool rather than handed over to the team.
    • Low participation risk: If a launch fails to meet its fundraising target, users receive a full refund. Additionally, Virtual only features a few new launches per day, meaning the overall project quality tends to be higher than most MEME tokens—making user participation relatively low-risk.
    • Reduced rug-pull potential: Virtual imposes a 1% trading fee, 70% of which is returned to the project team. This incentivizes teams to focus on increasing trading volume rather than cashing out quickly, creating a more sustainable ecosystem loop.

    However, as the platform gained popularity, early users frequently adopted a strategy of selling immediately after token launch to capture short-term gains. This behavior led to heavy selling pressure on new projects, undermining overall ecosystem stability. In response, Virtual introduced a “Green Lock” mechanism in mid-June, imposing a mandatory lock-up period on token allocations for launch participants. During this period, users are prohibited from selling their tokens; violating this rule results in a suspension of points accumulation.

    While this mechanism helps curb early dumping and extends project lifespans, it also significantly alters the speculative logic that drove initial enthusiasm. Users now face longer profit cycles and lower capital efficiency, leading to a temporary cooling of market sentiment. Since mid-June, the price of VIRTUAL has entered a downward trend, falling from its peak to $1.69—a decline of over 37%.

    Kaito: The Leading Project in the Attention Economy

    Kaito stands as the leading project in the emerging “Information Finance” (InfoFi) sector. Since May, its token price has surged from $0.79 to a peak of $2.41, marking an increase of nearly 205%.

    At the core of Kaito’s appeal is its Yaps module, which tokenizes user attention by rewarding those who post content on X (formerly Twitter). By incentivizing high-quality content creation around trending projects—such as Berachain, Monad, and Initia—Kaito has built a Web3-native content-driven influence model. This mechanism has significantly boosted community engagement. Coupled with weekly airdrops and leaderboard rewards, users are empowered to both “speak” and “monetize,” attracting a growing number of content creators and thought leaders. This dynamic has played a key role in driving the growth of social and narrative-driven content on the Base network.

    3. Coinbase and the Future Trajectory of Base

    In June 2025, the U.S. Senate passed the GENIUS Stablecoin Act, establishing a formal legal framework for USD-backed stablecoins. This marked the first time that regulatory authorities legally recognized digital assets’ compliance status. Against this backdrop, Coinbase, as a fully compliant U.S.-based exchange, has launched a three-pronged strategic layout around Base:

    1. Enabling Regulated On-Chain Asset Access — Bridging Coinbase Balances to Base

    Coinbase is currently deepening the integration between its centralized trading platform and the Base chain. It has rolled out the Verified Pools feature, allowing KYC-verified users to interact directly with Base dApps using their Coinbase account balances—eliminating the need to switch wallets or perform manual on-chain transfers.

    Uniswap and Aerodrome have already been announced as the primary DEXs supporting this integration. Although the feature remains in its early stages, it aligns with the broader trend of centralized exchanges moving toward on-chain/off-chain convergence.

    2. Building a Compliant Stablecoin Ecosystem with Traditional Finance — Tokenizing Fiat On-Chain

    Following the establishment of an access gateway, Coinbase has partnered with Wall Street giants—including JPMorgan Chase—to pilot the issuance of compliant stablecoins and deposit tokens (e.g., JPMD) on Base. These assets are fully custodied by regulated banks and come with traditional financial benefits such as interest accrual, legal protections, and deposit insurance.

    This initiative goes beyond simply putting USD on-chain—it represents the digitization of traditional financial system infrastructure, positioning Base as a core ledger layer for real-world finance in the Web3 ecosystem.

    3. Building a Diverse On-Chain Ecosystem — Creating Real Use Cases for On-Chain Dollars

    To strengthen actual demand for on-chain USD, Coinbase is simultaneously expanding the Base ecosystem with a wide array of applications:

    • On-Chain U.S. Stock Trading: Coinbase is seeking SEC approval to tokenize U.S. equities, planning to launch products that allow trading of Apple, Tesla, and other stocks directly on-chain—removing geographical barriers from traditional markets.
    • Collaboration with Circle: The launch of Circle Payments Network (CPN) provides USDC with robust clearing infrastructure. As the leading stablecoin on Base, USDC will support DeFi, RWA, and cross-border payment applications—positioning Base as a key hub for compliant blockchain finance.
    • Global Crypto Payments: Coinbase is working with Shopify and Stripe to integrate USDC into e-commerce checkout systems, expanding the real-world use of stablecoins in cross-border settlements.
    • Compliant DeFi and On-Chain Lending: Protocols such as Aerodrome, Uniswap, and Spark are being guided toward KYC-enabled, compliant operations, offering secure and auditable services in trading and lending for both institutions and retail users.
    • AI Agents and InfoFi Applications: New on-chain innovations like AI Agents and attention economy platforms (e.g., Kaito) are being explored to attract traditional users into emerging crypto-native interaction models.

    Through this multi-layered strategy, Coinbase is not only building a regulated on-chain asset highway, but also constructing a value loop for USD stablecoins—from fiat onboarding and token issuance to liquidity, circulation, and real-world application.

    High-Potential Projects in the Base Ecosystem

    • Aerodrome: As the flagship DEX on Base and a key partner in Coinbase’s integration plan, Aerodrome is well-positioned to benefit from stable institutional liquidity flows. This will likely boost trading volume, TVL, and protocol revenues. Holders of AERO tokens stand to gain from enhanced fee-sharing and staking yields, reinforcing user participation in governance.
    • Uniswap: Similarly, Uniswap—another DEX integrated by Coinbase—will gain increased on-chain liquidity and potential platform revenue, thereby enhancing the value proposition of its UNI token.
    • Keeta: A high-performance RWA-focused chain claiming millions of TPS and sub-second confirmation times. Backed by investors including former Google CEO Eric Schmidt, Keeta has already validated its performance through independent stress testing. Despite significant token price corrections, it is expected to collaborate with Base on compliant RWA integration.
    • Creator Bid: In partnership with Kaito, Creator Bid launched version 2.0 with new features such as staking-based launches, increasing user engagement and expanding creator economy models. The platform’s BID token recently reached a historical market cap of $150 million, showing early signs of traction. Similar to Virtual’s early-stage momentum, Creator Bid is poised for continued growth as it iterates.
    • Upside: The first socially driven prediction market on Base. Users can tokenize X/Twitter posts, articles, and videos, and use USDC to vote and trade on them. Currently in its second test season with ~20,000 followers on X, the platform has not yet issued a token, but its unique blend of prediction and content mechanics gives it strong potential to become a liquid and narrative-rich application on Base.

    Conclusion

    Base is undergoing a transformation—from being merely a “high-activity trading L2” into a structurally complete financial and content infrastructure on-chain. From innovation-driven projects like Virtual and Kaito, to Coinbase’s efforts in building a robust USD-denominated ecosystem, the narrative of Base is evolving.

    While short-term hype cycles may cool and speculative behaviors persist, Base’s long-term strength lies in its consistent storytelling and institutional alignment. It is increasingly poised to serve as a bridge between traditional capital and Web3, making it not just a rotating narrative hotspot, but a vital reference point for tracking the crypto industry’s broader shift toward compliance, financialization, and utility.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

    July 2, 2025
  • MIL-OSI: BitMart Research—Reframing the On-Chain Narrative: What New Story Is Base Telling?

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 01, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive analysis on the resurgence of the Base ecosystem, highlighting its explosive growth, evolving narratives, and rising institutional alignment. As daily active addresses, TVL, and transaction volumes reach new highs, Base is rapidly transitioning from a speculative L2 to a foundational layer for compliant, on-chain financial and content infrastructure. With support from Coinbase’s strategic initiatives and breakout projects like Virtual and Kaito redefining launch dynamics and the attention economy, Base is emerging as a pivotal force in bridging traditional finance and Web3 innovation.

    1. Recent Developments in the Base Ecosystem

    Since the end of May 2025, Base has entered a clear period of ecological “explosion.” Key metrics such as daily active addresses, total value locked (TVL), and daily transaction count have surged significantly. The main driver behind this explosive growth is the emergence of multiple trending narratives within the Base ecosystem, each generating waves of market hype and drawing substantial attention.

    From a macro perspective, the recent IPO of Circle has sparked renewed investor optimism around the concept of stablecoins in global equity markets. This optimism, especially amid expectations of a more favorable regulatory environment, has positioned Base as an increasingly attractive option for traditional institutions.

    • User Growth: The number of active addresses has grown exponentially, recently hitting a record high of 3.6 million.
    • TVL Surge: Base’s total value locked climbed from $2.8 billion in early May to a peak of nearly $4 billion, matching its bull market highs in 2024.
    • On-Chain Activity: Since May, daily on-chain transactions have averaged nearly 9 million, reaching the peak levels of the 2024 bull cycle.

    2. Trending Projects in the Base Ecosystem


    Virtual: Pump.fun + Bn Alpha-Style Launch Mechanism Sparks Market Frenzy

    Among the many trending projects in the Base ecosystem, Virtual has undoubtedly become one of the most closely watched by the market. Leveraging an innovative token launch mechanism, it has rapidly attracted a large influx of capital and users, emerging as the flagship project in Base’s ongoing “launch narrative.” The price of VIRTUAL rose from $0.50 in mid-April to a peak of $2.50 in early June—a 400% gain.

    The key advantages of Virtual’s launch model include:

    • Ultra-low fundraising price: Each new project raises funding based on a fixed valuation of 42,425 VIRTUAL (approximately $224,000), allowing users to participate at extremely low entry prices. This creates substantial profit potential once the token goes live.
    • Linear token vesting: Unlike MEME launches on Pump.fun, tokens in Virtual’s launchpad projects are not fully unlocked at listing. Instead, they follow a transparent vesting model similar to VC-backed tokens, with tokens released in tranches. Moreover, to prevent immediate sell-offs by project teams, all raised funds are injected directly into the initial liquidity pool rather than handed over to the team.
    • Low participation risk: If a launch fails to meet its fundraising target, users receive a full refund. Additionally, Virtual only features a few new launches per day, meaning the overall project quality tends to be higher than most MEME tokens—making user participation relatively low-risk.
    • Reduced rug-pull potential: Virtual imposes a 1% trading fee, 70% of which is returned to the project team. This incentivizes teams to focus on increasing trading volume rather than cashing out quickly, creating a more sustainable ecosystem loop.

    However, as the platform gained popularity, early users frequently adopted a strategy of selling immediately after token launch to capture short-term gains. This behavior led to heavy selling pressure on new projects, undermining overall ecosystem stability. In response, Virtual introduced a “Green Lock” mechanism in mid-June, imposing a mandatory lock-up period on token allocations for launch participants. During this period, users are prohibited from selling their tokens; violating this rule results in a suspension of points accumulation.

    While this mechanism helps curb early dumping and extends project lifespans, it also significantly alters the speculative logic that drove initial enthusiasm. Users now face longer profit cycles and lower capital efficiency, leading to a temporary cooling of market sentiment. Since mid-June, the price of VIRTUAL has entered a downward trend, falling from its peak to $1.69—a decline of over 37%.

    Kaito: The Leading Project in the Attention Economy

    Kaito stands as the leading project in the emerging “Information Finance” (InfoFi) sector. Since May, its token price has surged from $0.79 to a peak of $2.41, marking an increase of nearly 205%.

    At the core of Kaito’s appeal is its Yaps module, which tokenizes user attention by rewarding those who post content on X (formerly Twitter). By incentivizing high-quality content creation around trending projects—such as Berachain, Monad, and Initia—Kaito has built a Web3-native content-driven influence model. This mechanism has significantly boosted community engagement. Coupled with weekly airdrops and leaderboard rewards, users are empowered to both “speak” and “monetize,” attracting a growing number of content creators and thought leaders. This dynamic has played a key role in driving the growth of social and narrative-driven content on the Base network.

    3. Coinbase and the Future Trajectory of Base

    In June 2025, the U.S. Senate passed the GENIUS Stablecoin Act, establishing a formal legal framework for USD-backed stablecoins. This marked the first time that regulatory authorities legally recognized digital assets’ compliance status. Against this backdrop, Coinbase, as a fully compliant U.S.-based exchange, has launched a three-pronged strategic layout around Base:

    1. Enabling Regulated On-Chain Asset Access — Bridging Coinbase Balances to Base

    Coinbase is currently deepening the integration between its centralized trading platform and the Base chain. It has rolled out the Verified Pools feature, allowing KYC-verified users to interact directly with Base dApps using their Coinbase account balances—eliminating the need to switch wallets or perform manual on-chain transfers.

    Uniswap and Aerodrome have already been announced as the primary DEXs supporting this integration. Although the feature remains in its early stages, it aligns with the broader trend of centralized exchanges moving toward on-chain/off-chain convergence.

    2. Building a Compliant Stablecoin Ecosystem with Traditional Finance — Tokenizing Fiat On-Chain

    Following the establishment of an access gateway, Coinbase has partnered with Wall Street giants—including JPMorgan Chase—to pilot the issuance of compliant stablecoins and deposit tokens (e.g., JPMD) on Base. These assets are fully custodied by regulated banks and come with traditional financial benefits such as interest accrual, legal protections, and deposit insurance.

    This initiative goes beyond simply putting USD on-chain—it represents the digitization of traditional financial system infrastructure, positioning Base as a core ledger layer for real-world finance in the Web3 ecosystem.

    3. Building a Diverse On-Chain Ecosystem — Creating Real Use Cases for On-Chain Dollars

    To strengthen actual demand for on-chain USD, Coinbase is simultaneously expanding the Base ecosystem with a wide array of applications:

    • On-Chain U.S. Stock Trading: Coinbase is seeking SEC approval to tokenize U.S. equities, planning to launch products that allow trading of Apple, Tesla, and other stocks directly on-chain—removing geographical barriers from traditional markets.
    • Collaboration with Circle: The launch of Circle Payments Network (CPN) provides USDC with robust clearing infrastructure. As the leading stablecoin on Base, USDC will support DeFi, RWA, and cross-border payment applications—positioning Base as a key hub for compliant blockchain finance.
    • Global Crypto Payments: Coinbase is working with Shopify and Stripe to integrate USDC into e-commerce checkout systems, expanding the real-world use of stablecoins in cross-border settlements.
    • Compliant DeFi and On-Chain Lending: Protocols such as Aerodrome, Uniswap, and Spark are being guided toward KYC-enabled, compliant operations, offering secure and auditable services in trading and lending for both institutions and retail users.
    • AI Agents and InfoFi Applications: New on-chain innovations like AI Agents and attention economy platforms (e.g., Kaito) are being explored to attract traditional users into emerging crypto-native interaction models.

    Through this multi-layered strategy, Coinbase is not only building a regulated on-chain asset highway, but also constructing a value loop for USD stablecoins—from fiat onboarding and token issuance to liquidity, circulation, and real-world application.

    High-Potential Projects in the Base Ecosystem

    • Aerodrome: As the flagship DEX on Base and a key partner in Coinbase’s integration plan, Aerodrome is well-positioned to benefit from stable institutional liquidity flows. This will likely boost trading volume, TVL, and protocol revenues. Holders of AERO tokens stand to gain from enhanced fee-sharing and staking yields, reinforcing user participation in governance.
    • Uniswap: Similarly, Uniswap—another DEX integrated by Coinbase—will gain increased on-chain liquidity and potential platform revenue, thereby enhancing the value proposition of its UNI token.
    • Keeta: A high-performance RWA-focused chain claiming millions of TPS and sub-second confirmation times. Backed by investors including former Google CEO Eric Schmidt, Keeta has already validated its performance through independent stress testing. Despite significant token price corrections, it is expected to collaborate with Base on compliant RWA integration.
    • Creator Bid: In partnership with Kaito, Creator Bid launched version 2.0 with new features such as staking-based launches, increasing user engagement and expanding creator economy models. The platform’s BID token recently reached a historical market cap of $150 million, showing early signs of traction. Similar to Virtual’s early-stage momentum, Creator Bid is poised for continued growth as it iterates.
    • Upside: The first socially driven prediction market on Base. Users can tokenize X/Twitter posts, articles, and videos, and use USDC to vote and trade on them. Currently in its second test season with ~20,000 followers on X, the platform has not yet issued a token, but its unique blend of prediction and content mechanics gives it strong potential to become a liquid and narrative-rich application on Base.

    Conclusion

    Base is undergoing a transformation—from being merely a “high-activity trading L2” into a structurally complete financial and content infrastructure on-chain. From innovation-driven projects like Virtual and Kaito, to Coinbase’s efforts in building a robust USD-denominated ecosystem, the narrative of Base is evolving.

    While short-term hype cycles may cool and speculative behaviors persist, Base’s long-term strength lies in its consistent storytelling and institutional alignment. It is increasingly poised to serve as a bridge between traditional capital and Web3, making it not just a rotating narrative hotspot, but a vital reference point for tracking the crypto industry’s broader shift toward compliance, financialization, and utility.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

    July 2, 2025
  • MIL-OSI: APA Corporation Releases 2025 Sustainability Publications

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today released its sustainability publications highlighting progress in environmental stewardship, social responsibility and corporate governance throughout 2024. This year, APA simplified its reporting into two complementary documents. Our Approach to Sustainability details the ongoing sustainability programs and initiatives. The 2025 Sustainability Progress Report contains progress on 2024 goals, yearly highlights, key performance data and new goals for 2025. To explore the publications, visit https://apacorp.com/sustainability.

    “Our sustainability progress is tangible,” said APA CEO John J. Christmann IV. “APA has taken meaningful steps to reduce greenhouse gas emissions, minimize freshwater usage, and protect sensitive ecosystems. We remain committed to a strong safety culture and responsible operations. We are proud to share our 2024 highlights in the pages of our progress report.”

    Highlights from the 2025 Sustainability Progress Report include:

    • Air – As industry partners, APA focuses on reducing emissions by setting goals, sharing knowledge, and delivering commitments. The company exceeded its goal to eliminate at least 1 million tonnes of annualized carbon dioxide equivalent (CO2e) emissions between 2021 and 2024, completing over 50 global projects that eliminated 1.24 million tonnes of annualized CO2e emissions.
    • Water – APA aims to minimize freshwater use by recycling produced water, sourcing alternatives, and reducing overall water requirements for its operations. Ninety-seven percent of the global water use was produced water and brackish, nonfresh water.
    • People – As an organization, APA is committed to the health and safety of its employees, contractors and people in the communities where it operates. APA achieved or exceeded all corporate safety targets in 2024, including its lowest global Total Recordable Incident Rate (TRIR) in company history at 0.16.
    • Community – In efforts to continue building a sustainable future, APA continues its work across three focus areas of community well-being, energy poverty and conservation. In 2024, APA spent 44% of its operating area’s budgets with local suppliers and contractors.

    About APA

    APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.

    Contacts

    Investor: (281) 302-2286
    Media: (713) 296-7276
    Website: www.apacorp.com

    APA-G

    The MIL Network –

    July 2, 2025
  • MIL-OSI: JAMining Launches Global XRP Cloud Mining Initiative: Scalable, Secure, and Built for the Next Wave of Digital Adoption

    Source: GlobeNewswire (MIL-OSI)

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

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

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

    Cloud Mining Reimagined: XRP Mining Without Borders

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

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

          (Click here for more contract details )

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

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

    Intelligent Systems, Zero Hardware Hassles

    Key Features:

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

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

    Why XRP and Why Now?

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

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

    “The shift we’re seeing in the market is clear: users want passive, predictable returns, not emotional trading swings,” said JAMining’s lead analyst. “Our XRP cloud contracts are designed exactly for this new wave of investor demand.”

    Global Impact, Local Accessibility

    With over 11.2 million users across 190+ countries, JAMining’s mission is to make wealth-building tools available to everyone. The XRP launch fits that mission precisely—offering equal access to a growing asset with real-world utility.

    The JAMining platform is currently available in English, Spanish, Arabic, Portuguese, German, Russian, Italian, Japanese, French, Korean, with more languages ​​coming soon.

    Ready to Join?

    New users receive $100 in mining credits instantly upon registration. No prior experience is needed.
    Start mining XRP, BTC, ETH, and more today at https://jamining.com/
    For partnership or media inquiries, please email: info@jamining.com

     

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 2, 2025
  • MIL-OSI: XRP surges above $2.2 as investors flock to PBK Miner, XRP mining project officially launched, redefining AI cloud mining

    Source: GlobeNewswire (MIL-OSI)

    Carshalton, UK, July 01, 2025 (GLOBE NEWSWIRE) — As the XRP price surpassed $2.00 and returned to the spotlight of the top cryptocurrencies, a new wave of investors’ attention turned to a fast-rising but little-known project on the XRP Ledger: PBK Miner (PBKMiner XRP Mining).

    Given XRP’s resilience and strong fundamentals, many XRP holders are now looking to PBK Miner, a next-generation XRP mining program driven by artificial intelligence. By launching a 2-day XRP cloud mining contract, the platform provides investors with a flexible and efficient opportunity to accumulate XRP. The program aims to unlock the market’s strong demand for low-threshold, high-liquidity XRP investment products.

    Why PBK Miner is the XRP mining project everyone is paying attention to

    While XRP continues to dominate headlines in the wider crypto market, PBK Miner is quietly becoming one of the most promising XRP mining projects for 2025.

    PBK Miner fills a much-needed gap in the XRP ecosystem, integrating a powerful computing power leasing service, flexible and efficient contract options, and an AI-driven yield optimization system, and integrating all functions into a user-centric platform. With ultra-low entry barriers, flexible terms, and stable returns, this XRP mining-focused solution quickly won the favor of XRP holders and short-term investors. In just one week, the number of XRP short-term investors on the platform surged by 300%.

    PBK Miner now offers flexible XRP mining plans:

    2-day strategy: return rate +6.7%

    5-day strategy: return rate +6.19%

    15-day strategy: return rate +20.9%

    30-day strategy: return rate +55.7%

    These performance figures are not speculation, but are based on real usage data from millions of users. This is due to PBKMiner’s AI-driven profit optimization engine and result-oriented XRP mining model.

    One of the most attractive aspects of the XRP mining plan is the ultra-low investment threshold and flexible contract period. For example, the 2-day XRP mining strategy starts at only $100.

    Why it’s easy for everyone to start mining XRP with PBKMiner

    No hardware required: Users can leverage the platform’s massive hashing power to mine XRP — without having to purchase expensive equipment.

    Zero maintenance costs: PBKMiner covers all electricity, maintenance, and operational needs. After purchasing a package, users can enjoy the benefits with peace of mind – even a novice can start mining in minutes.

    Newbie-friendly: No technical knowledge required. New users can instantly receive a $10 sign-up bonus.

    Stable daily income: Daily income can be withdrawn, and the principal will be fully returned at the end of the contract to ensure the safety of funds.

    Since its founding in 2019, PBKMiner has expanded its cloud mining business for BTC, ETH, LTC, DOGE, and SOL in 183+ countries and regions, serving more than 8.5 million active users worldwide. With the launch of 2-day XRP contracts, PBKMiner has now opened access to its high-performance XRP cloud mining infrastructure and has quickly become the first choice for XRP holders and short-term investors.

     

    How to start XRP cloud mining with PBKMiner

    1.Register: Sign up now and get a $10 welcome bonus, plus a $0.60 daily login bonus.

    1. Choose a contract: Select a mining plan that fits your budget and financial goals. All available plans support XRP mining.
    2. Start earning: Once your contract is activated, PBKMiner’s intelligent platform will take care of the rest – ensuring seamless and efficient mining operations to maximize your profits.

     

    About PBKMiner

    Founded in 2019, PBKMiner represents a new generation of AI-driven cloud mining technology, based on data, performance, and trust. The platform supports cloud mining of XRP, BTC, ETH, LTC, DOGE, and SOL. With a rapidly growing global user base, PBKMiner will stand out as one of the most promising cryptocurrency investment opportunities in 2025, especially for investors who seek sustainable long-term returns rather than speculative gains.

    For full details and participation options please visit: https://pbkminer.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 2, 2025
  • MIL-Evening Report: New laws to make it harder for large Australian and foreign companies to avoid paying tax

    Source: The Conversation (Au and NZ) – By Kerrie Sadiq, Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology

    The Conversation, CC BY

    The beginning of the financial year means for the first time in Australia the public will see previously unreleased tax reports produced by multinational taxpayers.

    These documents, known as country-by-country reports, or CbCR for short, contain information about the tax practices of large Australian businesses and foreign businesses operating in Australia. This information, previously only available to the taxpayer and the Australian Tax Office, will be made public.

    Country-by-country reports, announced in the October 2022-2023 budget, were introduced with other measures designed to improve corporate tax behaviour. The reports will be released from this week as part of corporate reporting practices. Multinationals have 12 months to comply.

    A fairer tax system

    Country-by-country reporting forms part of the government’s multinational tax integrity election commitment package. The aim is to ensure a fairer and more sustainable tax system. Large firms will be required to publish a statement on their global activities plus tax information for each jurisdiction in which they operate.

    Until now, large multinationals only had to prepare annual consolidated financial statements under international financial reporting standards. The traditional reports aggregate results and provide limited geographic reporting information.

    Traditional high-level reporting allows multinationals to conceal their country-level activities. This hides questionable tax practices.

    Country-by-country reporting allows us to better see where a multinational operates. More importantly, the amount of activity in each jurisdiction is reported. The information provides clues as to whether artificial profit shifting has occurred.

    Anyone interested can uncover details about how multinationals structure their global operations. Information may reveal a misalignment between the company’s real economic presence in a country, the profits they book and taxes they pay in that country.

    Bringing Australia into line with the EU

    Country-by-country reporting is not new. It is the requirement that the information be made public that has changed.

    Australian firms have been required to provide such reports to the Australian Tax Office since 2016. However, the information has been confidential.

    The new public disclosure law brings Australia in line with large firms operating in the European Union which brought in the change last year.

    How country-by-country reporting works

    A taxpayer with annual global income above A$1 billion and at least A$10 million of its turnover Australian-sourced will need to produce a report. The obligation to disclose rests with the parent entity no matter where they are located.

    Australia’s largest companies, including mining giants Rio Tinto and BHP, biotech firm CSL, and investment bank Macquarie Group, will be among those expected to report, as will foreign tech behemoths such as Apple, Amazon, Microsoft and Meta.

    These tech giants are the same US firms likely to be excluded from the global minimum tax rules under a G7 agreement reached last week. Under the agreement, US multinationals were exempted from paying more corporate tax overseas. Other G7 members gave in to protect their own companies from the US’s threat of retaliation.

    Under the law change in Australia, a parent entity will provide its name, the names of all members of the group, a description of their approach to tax, and information about operations in certain countries. Included on the list are countries that attract multinationals due to reduced tax obligations, such as Singapore, Switzerland, and the Bahamas.

    Everyone will be able to see where a multinational is operating. They will also see the types of business activities conducted, number of employees, assets, revenue, and taxes paid. Large profits in a country but little business activity and very few employees may raise questions, especially if a country has a low tax rate.

    Benefits of better transparency

    Access to the extra information will help investors assess the tax and reputational risk of a firm. A multinational that shifts profits to low tax countries may be audited and pay extra tax and penalties.

    Increased transparency allows greater scrutiny. In turn, it is hoped multinationals will reduce aggressive tax planning due to potential risk to their reputation.

    If multinationals shift less taxable profits out of Australia to low-tax or no-tax jurisdictions, this will lead to Australia receiving a greater share of much needed corporate tax revenue.

    Reducing profit shifting

    Recent academic research on public country-by-country reporting reveals it provides additional information to better identify tax haven activity. However, it does not result in a significant drop in corporate tax avoidance.

    Increased tax transparency helps investors and tax authorities to better understand a multinational’s economic and tax geographic footprint. It is also important when it seems that US giants will be excluded from the 15% global minimum tax rules. Transparency by itself, however, does not lead to multinationals paying more corporate taxes.

    By its very nature, tax avoidance is legal but pushes the boundaries by going against the spirit of the law. Indeed, many large multinationals argue tax is a legal obligation and is not voluntary. They maintain they pay the tax required of them according to the law.

    Undoubtedly, Australia’s new public country-by-country regime is a positive step for tax transparency. As a country initiative, it has been applauded as groundbreaking and world leading. However, it is not a panacea to corporate tax avoidance.

    To limit corporate tax avoidance and have multinationals pay more corporate taxes, we must get to the heart of the problem. We must change the law that dictates the way multinationals are taxed.

    Kerrie Sadiq currently receives funding from the Australian Research Council. She has previously received research grants from CPA Australia and CAANZ.

    Rodney Brown has previously received research grants from CPA Australia and CAANZ.

    – ref. New laws to make it harder for large Australian and foreign companies to avoid paying tax – https://theconversation.com/new-laws-to-make-it-harder-for-large-australian-and-foreign-companies-to-avoid-paying-tax-260004

    MIL OSI Analysis – EveningReport.nz –

    July 2, 2025
  • MIL-OSI Submissions: Energy – Developing the largest oil producer on the Norwegian continental shelf – Equinor

    Source: Equinor

    01 JULY 2025 – Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).

    “By building on the technologies, solutions, and infrastructure from phases 1 and 2 of Johan Sverdrup, we can carry out an efficient development with a rapid start-up of production. The project increases the recovery rate and value creation from Johan Sverdrup, one of the world’s most carbon-efficient oil and gas fields. At the same time, it contributes to stable energy supplies to Europe,” says Trond Bokn, senior vice president for project development in Equinor.

    Increased value creation and innovation

    The development includes two new subsea templates which will be tied into existing infrastructure via new pipelines. The investment will increase recoverable volumes from the field by 40–50 million boe, with production expected to start in the fourth quarter of 2027.

    To ensure optimal resource utilisation, the project leveraged artificial intelligence to analyse field layouts and well paths. This technology has enabled faster decision-making and resulted in cost savings of NOK 130 million for the phase 3 project.

    The project also facilitates future value creation at Johan Sverdrup by adding extra well slots, and opportunities for connecting additional subsea templates.

    Contract awards

    The Johan Sverdrup field contributes significantly to value creation and ripple effects in society and has driven important industrial development in Norway.

    For the phase 3 project, TechnipFMC has been awarded the contract for engineering, procurement, construction, and installation (EPCI) for the subsea development, with a contract value of approximately NOK 5.3 billion. Additional contracts, including platform modifications and the drilling of eight wells, are planned to be awarded later in 2025.

    Increased recovery and production

    Safe and efficient operations at Johan Sverdrup are delivering results, with systematic efforts to maximise recovery. Phase 3 of the development will create additional value.

    The expected recovery rate from Johan Sverdrup is already world-class at 66 percent. The phase 3 project is an important step towards achieving our ambition of 75 percent. The average for the Norwegian continental shelf (NCS) is 47 percent.

    “In 2024, Johan Sverdrup set a production record with 260 million barrels of oil, the highest annual oil production ever from a Norwegian field. Every third barrel of oil from the Norwegian continental shelf now comes from the field. Phase 3 is an important contribution to maintaining high production from Johan Sverdrup in the years to come,” says Marianne Bjelland, vice president for Johan Sverdrup.

    Equinor aims to maintain a high level of oil and gas production on the NCS towards 2035. Johan Sverdrup phase 3 is one of several projects receiving an investment decision this year that supports this ambition.

    The partnership has submitted a notification to the authorities in accordance with the existing plan for development and operation (PDO). The notification is subject to governmental approval.

    Johan Sverdrup phase 3

    • Location: Johan Sverdrup is located in the Utsira High area of the North Sea, 160 kilometres west of Stavanger, in water depths of 110–120 metres, covering an area of 200 square kilometres.
    • Production capacity: 755,000 barrels per day, approximately one-third of Norway’s total oil production at current levels.
    • Economic impact: In 2024, the operation of the Johan Sverdrup field alone contributed over 4,400 full-time equivalents and Norwegian deliveries worth NOK 7 billion.
    • Electrification: Johan Sverdrup is powered by electricity from shore, with CO₂ emissions of 0.67 kilograms per barrel of oil produced – approximately 5% of the global average.
    • Phase 3 development: Comprises two new subsea templates in the Kvitsøy and Avaldsnes areas with six well slots each, totalling eight wells (seven oil production wells and one water injection well), tied back to existing templates and pipelines to the P2 platform for processing and export.
    • Future-proofing: The project enables future value creation by including extra well slots, spare capacity in the control cable, and opportunities for connecting additional subsea templates.
    • Ownership interests: Equinor Energy AS 42.6267% (operator), Aker BP ASA 31.5733%, Petoro AS 17.36%, and TotalEnergies EP Norge AS 8.44%.

    MIL OSI – Submitted News –

    July 2, 2025
  • MIL-OSI USA: SPC Severe Thunderstorm Watch 482

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL2

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 482
    NWS Storm Prediction Center Norman OK
    405 PM MDT Tue Jul 1 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Western Nebraska
    Western South Dakota
    Northeast Wyoming

    * Effective this Tuesday afternoon and evening from 405 PM until
    1100 PM MDT.

    * Primary threats include…
    Scattered large hail and isolated very large hail events to 2
    inches in diameter possible
    Isolated damaging wind gusts to 70 mph possible

    SUMMARY…Isolated to widely scattered severe storm development,
    potentially including a couple of high-based supercells, is expected
    regionally through early evening, with the possibility that a
    loosely organized cluster could evolve later this evening.

    The severe thunderstorm watch area is approximately along and 70
    statute miles east and west of a line from 65 miles north of Rapid
    City SD to 50 miles east of Sidney NE. For a complete depiction of
    the watch see the associated watch outline update (WOUS64 KWNS
    WOU2).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 481…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    2 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 550. Mean storm motion vector
    29025.

    …Guyer

    SEL2

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 482
    NWS Storm Prediction Center Norman OK
    405 PM MDT Tue Jul 1 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Western Nebraska
    Western South Dakota
    Northeast Wyoming

    * Effective this Tuesday afternoon and evening from 405 PM until
    1100 PM MDT.

    * Primary threats include…
    Scattered large hail and isolated very large hail events to 2
    inches in diameter possible
    Isolated damaging wind gusts to 70 mph possible

    SUMMARY…Isolated to widely scattered severe storm development,
    potentially including a couple of high-based supercells, is expected
    regionally through early evening, with the possibility that a
    loosely organized cluster could evolve later this evening.

    The severe thunderstorm watch area is approximately along and 70
    statute miles east and west of a line from 65 miles north of Rapid
    City SD to 50 miles east of Sidney NE. For a complete depiction of
    the watch see the associated watch outline update (WOUS64 KWNS
    WOU2).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 481…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    2 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 550. Mean storm motion vector
    29025.

    …Guyer

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW2
    WW 482 SEVERE TSTM NE SD WY 012205Z – 020500Z
    AXIS..70 STATUTE MILES EAST AND WEST OF LINE..
    65N RAP/RAPID CITY SD/ – 50E SNY/SIDNEY NE/
    ..AVIATION COORDS.. 60NM E/W /57W DPR – 43E SNY/
    HAIL SURFACE AND ALOFT..2 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 550. MEAN STORM MOTION VECTOR 29025.

    LAT…LON 44980162 41090068 41090336 44980448

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU2.

    Watch 482 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (10%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low ( 65 knots

    Low (10%)

    Hail

    Probability of 10 or more severe hail events

    Mod (50%)

    Probability of 1 or more hailstones > 2 inches

    Mod (30%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (70%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

    July 2, 2025
  • MIL-OSI Submissions: Detroit restaurants identified as ‘Black-owned’ on Yelp saw a slight drop in business ratings

    Source: The Conversation – USA (2) – By Matthew Bui, Assistant Professor of Information and Digital Studies, University of Michigan

    Yelp’s Black-owned tag was designed to help business owners like Don Studvent attract more customers. His restaurant closed in 2018 after nine years in business. AP Photo/Carlos Osorio

    When the online review platform Yelp added a “Black-owned” tag in 2020, it boosted the visibility of Black-owned restaurants in Detroit. It also caused their ratings to drop, according to our recent study.

    Both local and nonlocal reviewers who showed awareness of a restaurant’s Black ownership rated restaurants 3.03 stars on average. Those who did not acknowledge Black ownership gave a rating of 3.78 stars on average. The tag seems to have caused the average rating to drop by attracting more reviewers who were aware of Black ownership.

    Why it matters

    Technology companies often introduce new features and tools to influence user behavior and make their platforms more usable.

    Although Yelp intended to support Black communities with the Black-owned tag, the design intervention was harmful to Black restaurant owners in Detroit because Yelp failed to consider platform and community-based factors that significantly shape user interactions.

    Yelp’s user base is predominantly white, educated and affluent. Making Detroit’s Black-owned restaurants more visible to Yelp users may have amplified cross-cultural interactions and frictions. For example, non-Black users sometimes mentioned “slower” and “rude” service as justifications for lower ratings. Close readings of these reviews hinted at intercultural and communicative clashes.

    Even if Black-owned restaurants businesses didn’t select the tag, they appeared in searches for “Black-owned restaurants,” in 2022 when we conducted the study and as recently as 2025. Businesses can remove the “Black-owned” tag, but Yelp doesn’t provide a way for them to opt out of search results.

    How we did our work

    To examine the local impacts of Yelp’s Black-owned tag, we collected over 250,000 Yelp reviews of Black- and non-Black-owned restaurants in Detroit and Los Angeles.

    We identified Black-owned restaurants through community-sourced lists for Detroit and Los Angeles and then generated a random sample for the non-Black-owned restaurants.

    We then identified reviews that explicitly noted “Black ownership” for closer analysis.

    Detroit’s Black-owned businesses saw a greater loss in business compared with “ownership-unreported” restaurants during the COVID-19 pandemic. This means they also potentially had more to gain from the new tag.

    We found the awareness of Black ownership on Yelp significantly increased following Yelp’s addition of the Black-owned tag in June 2020. A year after the tag was added, reviews in Detroit mentioned Black ownership 4.3% more often than a year before it was rolled out.

    Detroit Black-owned restaurants also saw a small temporary spike in their number of reviews, largely around the time Yelp added the Black-owned tag. At the same time, the restaurants’ average star ratings dropped from 3.91 to 3.88. In contrast, non-Black-owned restaurants’ ratings stayed relatively steady at 3.90.

    This metric is an aggregate of all Detroit restaurants’ Yelp reviews over their entire existence, so a .03-star rating change is small but significant.

    Even minor changes to star ratings affect the number of diners restaurants attract, their earning potential and the likelihood they will sell out of food.

    Adding obstacles in digital platforms serves to reproduce and amplify inequalities these businesses already face, rather than alleviate them. For example, Black-owned businesses have a harder time getting loans and are relatively underrepresented in Michigan as a whole.

    These findings may seem surprising given that Detroit is a majority Black city. However, Black users on Yelp are a minority. Keeping in mind the skewed user base of Yelp, we hypothesize the lower reviews for businesses featuring a Black-owned tag reflect existing racial and digital divides in the city.

    Generally, our study provides additional evidence that digital interventions are not “one-size-fits-all,” nor is digital visibility inherently positive for all businesses.

    The Research Brief is a short take on interesting academic work.

    _This article was updated to clarify how labels are added to profiles.

    This research was supported by a research grant from the Ewing Marion Kauffman Foundation.

    Matthew Bui does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    Cameron Moy does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Detroit restaurants identified as ‘Black-owned’ on Yelp saw a slight drop in business ratings – https://theconversation.com/detroit-restaurants-identified-as-black-owned-on-yelp-saw-a-slight-drop-in-business-ratings-256306

    MIL OSI –

    July 2, 2025
  • MIL-OSI Submissions: The hidden cost of convenience: How your data pulls in hundreds of billions of dollars for app and social media companies

    Source: The Conversation – USA – By Kassem Fawaz, Associate Professor of Electrical and Computer Engineering, University of Wisconsin-Madison

    Many apps and social media platforms collect detailed information about you as you use them, and sometimes even when you’re not using them. Malte Mueller/fStop via Getty images

    You wake up in the morning and, first thing, you open your weather app. You close that pesky ad that opens first and check the forecast. You like your weather app, which shows hourly weather forecasts for your location. And the app is free!

    But do you know why it’s free? Look at the app’s privacy settings. You help keep it free by allowing it to collect your information, including:

    • What devices you use and their IP and Media Access Control addresses.
    • Information you provide when signing up, such as your name, email address and home address.
    • App settings, such as whether you choose Celsius or Fahrenheit.
    • Your interactions with the app, including what content you view and what ads you click.
    • Inferences based on your interactions with the app.
    • Your location at a given time, including, depending on your settings, continuous tracking.
    • What websites or apps that you interact with after you use the weather app.
    • Information you give to ad vendors.
    • Information gleaned by analytics vendors that analyze and optimize the app.

    This type of data collection is standard fare. The app company can use this to customize ads and content. The more customized and personalized an ad is, the more money it generates for the app owner. The owner might also sell your data to other companies.

    Many apps, including the weather channel app, send you targeted advertising and sell your personal data by default.
    Jack West, CC BY-ND

    You might also check a social media account like Instagram. The subtle price that you pay is, again, your data. Many “free” mobile apps gather information about you as you interact with them.

    As an associate professor of electrical and computer engineering and a doctoral student in computer science, we follow the ways software collects information about people. Your data allows companies to learn about your habits and exploit them.

    It’s no secret that social media and mobile applications collect information about you. Meta’s business model depends on it. The company, which operates Facebook, Instagram and WhatsApp, is worth US$1.48 trillion. Just under 98% of its profits come from advertising, which leverages user data from more than 7 billion monthly users.




    Read more:
    How Internet of Things devices affect your privacy – even when they’re not yours


    What your data is worth

    Before mobile phones gained apps and social media became ubiquitous, companies conducted large-scale demographic surveys to assess how well a product performed and to get information about the best places to sell it. They used the information to create coarsely targeted ads that they placed on billboards, print ads and TV spots.

    Mobile apps and social media platforms now let companies gather much more fine-grained information about people at a lower cost. Through apps and social media, people willingly trade personal information for convenience. In 2007 – a year after the introduction of targeted ads – Facebook made over $153 million, triple the previous year’s revenue. In the past 17 years, that number has increased by more than 1,000 times.

    Five ways to leave your data

    App and social media companies collect your data in many ways. Meta is a representative case. The company’s privacy policy highlights five ways it gathers your data:

    First, it collects the profile information you fill in. Second, it collects the actions you take on its social media platforms. Third, it collects the people you follow and friend. Fourth, it keeps track of each phone, tablet and computer you use to access its platforms. And fifth, it collects information about how you interact with apps that corporate partners connect to its platforms. Many apps and social media platforms follow similar privacy practices.

    Your data and activity

    When you create an account on an app or social media platform, you provide the company that owns it with information like your age, birth date, identified sex, location and workplace. In the early years of Facebook, selling profile information to advertisers was that company’s main source of revenue. This information is valuable because it allows advertisers to target specific demographics like age, identified gender and location.

    And once you start using an app or social media platform, the company behind it can collect data about how you use the app or social media. Social media keeps you engaged as you interact with other people’s posts by liking, commenting or sharing them. Meanwhile, the social media company gains information about what content you view and how you communicate with other people.

    Advertisers can find out how much time you spent reading a Facebook post or that you spent a few more seconds on a particular TikTok video. This activity information tells advertisers about your interests. Modern algorithms can quickly pick up subtleties and automatically change the content to engage you in a sponsored post, a targeted advertisement or general content.

    Your devices and applications

    Companies can also note what devices, including mobile phones, tablets and computers, you use to access their apps and social media platforms. This shows advertisers your brand loyalty, how old your devices are and how much they’re worth.

    Because mobile devices travel with you, they have access to information about where you’re going, what you’re doing and who you’re near. In a lawsuit against Kochava Inc., the Federal Trade Commission called out the company for selling customer geolocation data in August 2022, shortly after Roe v Wade was overruled. The company’s customers, including people who had abortions after the ruling was overturned, often didn’t know that data tracking their movements was being collected, according to the commission. The FTC alleged that the data could be used to identify households.

    Kochava has denied the FTC’s allegations.

    Information that apps can gain from your mobile devices includes anything you have given an app permission to have, such as your location, who you have in your contact list or photos in your gallery.

    If you give an app permission to see where you are while the app is running, for instance, the platform can access your location anytime the app is running. Providing access to contacts may provide an app with the phone numbers, names and emails of all the people that you know.

    Cross-application data collection

    Companies can also gain information about what you do across different apps by acquiring information collected by other apps and platforms.

    The settings on an Android phone show that Meta uses information it collects about you to target ads it shows you in its apps – and also in other apps and on other platforms – by default.
    Jack West, CC BY-ND

    This is common with social media companies. This allows companies to, for example, show you ads based on what you like or recently looked at on other apps. If you’ve searched for something on Amazon and then noticed an ad for it on Instagram, it’s probably because Amazon shared that information with Instagram.

    This combined data collection has made targeted advertising so accurate that people have reported that they feel like their devices are listening to them.

    Companies, including Google, Meta, X, TikTok and Snapchat, can build detailed user profiles based on collected information from all the apps and social media platforms you use. They use the profiles to show you ads and posts that match your interests to keep you engaged. They also sell the profile information to advertisers.

    Meanwhile, researchers have found that Meta and Yandex, a Russian search engine, have overcome controls in mobile operating system software that ordinarily keep people’s web-browsing data anonymous. Each company puts code on its webpages that used local IPs to pass a person’s browsing history, which is supposed to remain private, to mobile apps installed on that person’s phone, de-anonymizing the data. Yandex has been conducting this tracking since 2017, while Meta began in September 2024, according to the researchers.

    What you can do about it

    If you use apps that collect your data in some way, including those that give you directions, track your workouts or help you contact someone, or if you use social media platforms, your privacy is at risk.

    Aside from entirely abandoning modern technology, there are several steps you can take to limit access – at least in part – to your private information.

    Read the privacy policy of each app or social media platform you use. Although privacy policy documents can be long, tedious and sometimes hard to read, they explain how social media platforms collect, process, store and share your data.

    Check a policy by making sure it can answer three questions: what data does the app collect, how does it collect the data, and what is the data used for. If you can’t answer all three questions by reading the policy, or if any of the answers don’t sit well with you, consider skipping the app until there’s a change in its data practices.

    Remove unnecessary permissions from mobile apps to limit the amount of information that applications can gather from you.

    Be aware of the privacy settings that might be offered by the apps or social media platforms you use, including any setting that allows your personal data to affect your experience or shares information about you with other users or applications.

    These privacy settings can give you some control. We recommend that you disable “off-app activity” and “personalization” settings. “Off-app activity” allows an app to record which other apps are installed on your phone and what you do on them. Personalization settings allow an app to use your data to tailor what it shows you, including advertisements.

    Review and update these settings regularly because permissions sometimes change when apps or your phone update. App updates may also add new features that can collect your data. Phone updates may also give apps new ways to collect your data or add new ways to preserve your privacy.

    Use private browser windows or reputable virtual private networks software, commonly referred to as VPNs, when using apps that connect to the internet and social media platforms. Private browsers don’t store any account information, which limits the information that can be collected. VPNs change the IP address of your machine so that apps and platforms can’t discover your location.

    Finally, ask yourself whether you really need every app that’s on your phone. And when using social media, consider how much information you want to reveal about yourself in liking and commenting on posts, sharing updates about your life, revealing locations you visited and following celebrities you like.


    This article is part of a series on data privacy that explores who collects your data, what and how they collect, who sells and buys your data, what they all do with it, and what you can do about it.

    Kassem Fawaz receives funding from the National Science Foundation. In the past, his research group has received unrestricted gifts from Meta and Google.

    Jack West does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The hidden cost of convenience: How your data pulls in hundreds of billions of dollars for app and social media companies – https://theconversation.com/the-hidden-cost-of-convenience-how-your-data-pulls-in-hundreds-of-billions-of-dollars-for-app-and-social-media-companies-251698

    MIL OSI –

    July 2, 2025
  • MIL-OSI Submissions: Why the US bombed a bunch of metal tubes − a nuclear engineer explains the importance of centrifuges to Iranian efforts to build nuclear weapons

    Source: The Conversation – USA – By Anna Erickson, Professor of Nuclear and Radiological Engineering, Georgia Institute of Technology

    An image from Iranian television shows centrifuges lining a hall at Iran’s Natanz uranium enrichment facility in 2021. IRIB via APPEAR

    When U.S. forces attacked Iran’s nuclear facilities on June 21, 2025, the main target was metal tubes in laboratories deep underground. The tubes are centrifuges that produce highly enriched uranium needed to build nuclear weapons.

    Inside of a centrifuge, a rotor spins in the range of 50,000 to 100,000 revolutions per minute, 10 times faster than a Corvette engine’s crankshaft. High speeds are needed to separate lighter uranium-235 from heavier uranium-238 for further collection and processing. Producing this level of force means the rotor itself must be well balanced and strong and rely on high-speed magnetic bearings to reduce friction.

    Over the years, Iran has produced thousands of centrifuges. They work together to enrich uranium to dangerous levels – close to weapons-grade uranium. Most of them are deployed in three enrichment sites: Natanz, the country’s main enrichment facility, Fordow and Isfahan. Inside of these facilities, the centrifuges are arranged into cascades – series of machines connected to each other. This way, each machine yields slightly more enriched uranium, feeding the gas produced into its neighbor to maximize production efficiency.

    As a nuclear engineer who works on nuclear nonproliferation, I track centrifuge technology, including the Iranian enrichment facilities targeted by the U.S. and Israel. A typical cascade deployed in Iran is composed of 164 centrifuges, working in series to produce enriched uranium. The Natanz facility was designed to hold over 50,000 centrifuges.

    Iran’s early intentions to field centrifuges on a very large scale were clear. At the peak of the program in the early 2010s it deployed over 19,000 units. Iran later scaled down the number of its centrifuges in part due to international agreements such as the since scrapped Joint Comprehensive Plan of Action signed in 2015.

    Legacy of enrichment

    Iran has a long history of enriching uranium.

    In the late 1990s, it acquired a Pakistani centrifuge design known as P-1. The blueprints and some components were supplied via the A.Q. Khan black market network – the mastermind of the Pakistani program and a serious source of nuclear proliferation globally. Today, the P-1 design is known as IR-1. IR-1 centrifuges use aluminum and a high-strength alloy, known as maraging steel.

    About one-third of the centrifuges that were deployed at the sites of the recent strike on June 21 are IR-1. Each one produces on the order of 0.8 separative work units, which is the unit for measuring the amount of energy and effort needed to separate uranium-235 molecules from the rest of the uranium gas. To put this in perspective, one centrifuge would yield about 0.2 ounces (6 grams) of 60%-enriched uranium-235 per year.

    A typical uranium-based weapon requires 55 pounds (25 kilograms) of 90%-enriched uranium. To get to weapons-grade level, a single centrifuge would produce only 0.14 ounces (4 grams) per year. It requires more work to go higher in enrichment. While capable of doing the job, the IR-1 is quite inefficient.

    The author explains the uranium enrichment process to CBS News.

    More and better centrifuges

    Small yields mean that over 6,000 centrifuges would need to work together for a year to get enough material for one weapon such as a nuclear warhead. Or the efficiency of the centrifuges would have to be improved. Iran did both.

    Before the strike by U.S. forces, Iran was operating close to 7,000 IR-1 centrifuges. In addition, Iran designed, built and operated more efficient centrifuges such as the IR-2m, IR-4 and IR-6 designs. Comparing the IR-1 with the latest designs is like comparing a golf cart with the latest electric vehicles in terms of range and payload.

    Iran’s latest centrifuge designs contain carbon fiber composites with exceptional strength and durability and low weight. This is a recipe for producing light and compact centrifuges that are easier to conceal from inspections. According to the international nuclear watchdog International Atomic Energy Agency, before the strike Iran was operating 6,500 IR-2m centrifuges, close to 4,000 IR-4 centrifuges and over 3,000 IR-6 centrifuges.

    With each new generation, the separative work unit efficiency increased significantly. IR-6 centrifuges, with their carbon fiber rotors, can achieve up to 10 separative work units per year. That’s about 2.8 ounces (80 grams) of 60%-enriched uranium-235 per year. The International Atomic Energy Agency verified that the IR-6 cascades have been actively used to ramp up production of 60%-enriched uranium.

    The most recent and advanced centrifuges developed by Iran, known as IR-9, can achieve 50 separative work units per year. This cuts down the time needed to produce highly enriched uranium for weapon purposes from months to weeks. The other aspect of IR-9 advanced centrifuges is their compactness. They are easier to conceal from inspections or move underground, and they require less energy to operate.

    Advanced centrifuges such as the IR-9 drive up the risk of nuclear weapons proliferation significantly. Fortunately, the International Atomic Energy Agency reports that only one exists in testing laboratories, and there is no evidence Iran has deployed them widely. However, it’s possible more are concealed.

    Bombs or talks?

    Uranium enrichment of 60% is far beyond the needs of any civilian use. The International Atomic Energy Agency confirmed that Iran stockpiled about 880 pounds (400 kilograms) of highly enriched uranium before the attack, and it might have escaped intact. That’s enough to make 10 weapons. The newer centrifuges – IR-2m, IR-4 and IR-6 – would need a bit over eight months to produce that much.

    It’s not clear what the U.S. attack has accomplished, but destroying the facilities targeted in the attack and hindering Iran’s ability to continue enriching uranium might be a way to slow Iran’s move toward producing nuclear weapons. However, based on my work and research on preventing nuclear proliferation, I believe a more reliable means of preventing Iran from achieving its nuclear aims would be for diplomacy and cooperation to prevail.

    Anna Erickson receives funding from Department of Energy National Nuclear Security Administration (NNSA) related to nuclear nonproliferation technologies. She has previously served on the Board of Directors of the American Nuclear Society.

    – ref. Why the US bombed a bunch of metal tubes − a nuclear engineer explains the importance of centrifuges to Iranian efforts to build nuclear weapons – https://theconversation.com/why-the-us-bombed-a-bunch-of-metal-tubes-a-nuclear-engineer-explains-the-importance-of-centrifuges-to-iranian-efforts-to-build-nuclear-weapons-259883

    MIL OSI –

    July 2, 2025
  • MIL-OSI Submissions: Why Asos should be wary of banning customers returning unwanted goods

    Source: The Conversation – UK – By Nic Sanders, Senior Lecturer in Management and Marketing, University of Westminster

    ‘Now where’s that returns label?’ Cast of Thousands.Shutterstock

    Shopping for clothes online is a risky business. How do you know if that top will be a good fit, or those shoes will definitely be the right colour? One popular solution to this predicament is to order lots of tops and lots of shoes, try them on at home, and send back all the ones you don’t want – often at no cost.

    But that tactic can be expensive for the fashion retailer, which needs to pay for all those deliveries and returns. And now Asos, which sends millions of shipments every month, has started banning some customers for over-returning items – prompting something of a backlash.

    The response by the retail giant, which says it wants to maintain a “commitment to offering free returns to all customers across all core markets”, also raises questions about the sustainability of the online fashion business model which Asos helped to create.

    Many online retailers rely on the emotional highs of shopping. The excitement of placing an order, the anticipation of delivery, and the dopamine hit of unpacking a purchase is central to its popular customer experience.


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


    Online shopping generally has thrived on impulsive buying, with the option of returning items treated as a normal part of the process. Of course, even in the days before online shopping there would be customers who routinely returned items.

    But by digitising and simplifying the process, the likes of Asos have helped this to happen on a massive scale. Shoppers have become completely used to ordering multiple sizes or styles with the express intention of returning most of the items they receive. Their homes effectively become fitting rooms.

    And those customers could reasonably argue that online retailers often use digital strategies which encourage multi-item purchases.

    Some sites remind shoppers of recently viewed products and provide suggestions of similar items, for example. There may be are prompts and nudges towards clothes which are frequently bought together.

    Items are then sometimes temporarily reserved in a shopper’s basket for 60 minutes, creating a sense of urgency. Targeted emails and limited time offers drive bulging shopping baskets, encouraging more risk purchases and returns.

    Yet returned items carry a significant cost. They may be unfit for resale and ultimately disposed of, which beyond the financial burden, has an environmental price.

    In addition to creating landfill, each delivery and return has a carbon footprint. And although many younger consumers express support for sustainable practices, their buying behaviour continues to prioritise price and convenience.

    But free returns have become part of the online fashion industry landscape. Research suggests that customers are simply more likely to buy something if returns are free.

    And today’s tricky financial climate, marked by inflation and rising living costs will surely have made consumers even more cautious. Many will be reluctant to buy items that incur delivery and return costs.

    Shopping around

    Frustrations can then arise from unclear return policies, often buried in lengthy terms and conditions documents. Some of those banned by Asos say they were confused about the rules.

    Automated customer service systems offering generic responses may then leave shoppers with no clear way to challenge these decisions.

    Perhaps the wider issue here is that online shopping cannot fully replicate the benefits of shopping in store. In physical shops, customers can try on items before deciding.

    But online, this can’t happen, so returns become fundamental to the decision-making process. For cost-conscious shoppers, avoiding unnecessary spending is essential. But if returns policies become harder to access, they may turn to other retailers which offer more certainty.

    Return to sender?
    A08/Shutterstock

    For example, retailers such as Zara and H&M, with a business model which mixes online convenience with a high street (or shopping mall) presence, offer the option to order online and then return in person.

    This hybrid (or “omni-channel”) model appears to be driving consumers to physical shops for a blended experience which provides convenience and helps reduce return costs.

    For Asos, doing something similar would require major investment (in bricks and mortar) and increased operational costs – so is perhaps an unlikely solution for the company.

    But to balance sustainability, cost and customer satisfaction, Asos could explore other options. These might include clearer, more visible communication regarding “fair use” policies and their consequences. It could aim for more human interactions and better dialogue with customers it plans to ban.

    Offering physical retail locations or return collection points to simplify the process and reduce the environmental impact and costs will provide customer flexibility. Overall, these areas will help create a better customer service experience.

    Ultimately, Asos and other similar online clothing retailers must evolve. With changing consumer expectations, a challenging economic climate and rising operational costs, the model that defined these retailers’ early success cannot remain unchanged.

    If they make adjustments, they may emerge stronger. If they do not, they risk sparking a customer exodus that would be hard to reverse.

    Nic Sanders does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Why Asos should be wary of banning customers returning unwanted goods – https://theconversation.com/why-asos-should-be-wary-of-banning-customers-returning-unwanted-goods-259952

    MIL OSI –

    July 2, 2025
  • MIL-OSI USA News: WHAT THEY ARE SAYING: Senate Approves Landmark One Big Beautiful Bill

    Source: US Whitehouse

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    MIL OSI USA News –

    July 2, 2025
  • MIL-OSI: Univest Securities, LLC Announces Closing of $5 Million Registered Direct Offering for its Client Ostin Technology Group Co., Ltd. (Nasdaq: OST)

    Source: GlobeNewswire (MIL-OSI)

    New York, July 01, 2025 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the “Offering”), for its client Ostin Technology Group Co., Ltd. (Nasdaq: OST) (the “Company”), a leading supplier of display modules and polarizers based in China.

    Under the terms of the securities purchase agreement, the Company has agreed to sell to a single institutional investor for the purchase and sale of an aggregate of 41,666,667 of the Company’s Class A ordinary share, par value $0.001 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.12 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.

    The aggregate gross proceeds to the Company of this offering were approximately $5 million.

    Univest Securities, LLC acted as the sole placement agent.

    The registered direct offering was made pursuant to a shelf registration statement on Form F-3 (File No. 333-279177) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on May 28, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC’s website at www.sec.gov.

    About Univest Securities, LLC

    Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It strives to provide clients with value-add service and focuses on building long-term relationships with its clients. As a prominent name on Wall Street, Univest has successfully raised over $1.3 billion in capital for issuers across the globe since 2019 and has completed approximately 100 transactions spanning a wide array of investment banking services in various industries, including technology, life sciences, industrial, consumer goods, etc. For more information, please visit: https://www.univest.us/.

    About Ostin Technology Group Co., Ltd.

    Founded in 2010, the Company is a supplier of display modules and polarizers in China. The Company designs, develops, and manufactures TFT-LCD display modules in a wide range of sizes and customized sizes which are mainly used in consumer electronics, outdoor LCD displays, and automotive displays. The Company also manufactures polarizers used in the TFT-LCD display modules.

    For more information, please visit: http://ostin-technology.com/index.html.

    Forward-Looking Statements

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Univest Securities LLC and the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    For more information, please contact:

    Univest Securities, LLC
    Edric Guo
    Chief Executive Officer
    75 Rockefeller Plaza, Suite 18C
    New York, NY 10019
    Phone: (212) 343-8888
    Email: info@univest.us

    The MIL Network –

    July 2, 2025
  • INS Tamal joins Indian fleet, reinforces Indo-Russian naval cooperation

    Source: Government of India

    Source: Government of India (4)

    In a boost to India’s maritime defence capabilities, the Indian Navy on Tuesday commissioned its latest stealth frigate, INS Tamal (F 71), at the Yantar Shipyard in Kaliningrad, Russia. The commissioning ceremony was held in the presence of Vice Admiral Sanjay Jasjit Singh, Flag Officer Commanding-in-Chief, Western Naval Command, along with senior Indian and Russian naval and government officials.

    INS Tamal is the eighth multi-role stealth frigate under Project 1135.6 and the second vessel in the follow-on Tushil class of ships. The first of the class, INS Tushil, was inducted into the Navy in December 2024. All seven earlier ships are part of the Western Fleet, the primary combat arm of the Indian Navy’s Western Naval Command. INS Tamal will be commanded by Captain Sridhar Tata, a specialist in gunnery and missile warfare.

    The ceremony began with a joint Guard of Honour by the ship’s crew and Russia’s Baltic Naval Fleet. Mr Andrey Sergeyvich Puchkov, Director General of United Shipbuilding Corporation, declared the ceremony open, while Mr Mikhael Babich, Deputy Director General of Russia’s Federal Service for Military Technical Cooperation, highlighted the growing maritime collaboration between India and Russia.

    Vice Admiral Rajaram Swaminathan, Controller Warship Production and Acquisition, described the commissioning of Tamal as a testament to the enduring Indo-Russian strategic partnership, noting that it is the 51st ship produced through this collaboration over the past 65 years. He commended the shipyard workers and Indian and Russian Original Equipment Manufacturers (OEMs) for their contribution to the vessel’s construction, which supports India’s Aatmanirbhar Bharat and ‘Make in India’ initiatives.

    The transfer of the ship was formalised with the signing of the Delivery Act by Captain Sridhar Tata and Mr Sergey Kupriynav, Director General of the Russian Naval Department. The Russian Navy flag was then lowered, and the Indian Naval ensign was hoisted with full honours, marking the frigate’s induction into active service.

    Addressing the gathering, Vice Admiral Singh described the commissioning as a milestone for India’s maritime security and an example of the country’s deep defence cooperation with Russia. He noted that Tamal joins the distinguished ranks of Talwar, Teg, and Tushil class frigates, renowned for their reliability and firepower. “The commissioning of versatile platforms like INS Tamal enhances the Indian Navy’s reach, responsiveness, and resilience,” he said.

    Although built in Russia, the frigate includes 26% indigenous systems, such as the BrahMos long-range supersonic cruise missile and the Humsa-NG sonar system. The construction of the next two ships of the class in India is expected to further expand joint technological capabilities.

    Launched in February 2022, INS Tamal completed extensive sea trials between November 2024 and June 2025, successfully testing her advanced weaponry, including the Shtil-1 surface-to-air missile system, artillery guns, and torpedoes. The frigate is armed with BrahMos missiles, advanced air defence systems, a 100 mm main gun, Close-In Weapon Systems, anti-submarine rockets, and heavyweight torpedoes. She can also embark Kamov 28 and Kamov 31 helicopters for anti-submarine and airborne early warning roles.

    Equipped for multi-dimensional warfare—air, surface, underwater, and electronic—Tamal features sophisticated electronic warfare systems, network-centric operational capabilities, and robust defences against nuclear, biological, and chemical threats.

    With a crew of about 250 sailors and 26 officers, the ship upholds the motto Sarvatra Sarvada Vijaya (Victory Always Everywhere), reflecting its commitment to operational excellence in line with the Navy’s vision of remaining a combat-ready, credible, and cohesive force.

    INS Tamal will soon sail to her homeport at Karwar in Karnataka, showcasing India’s maritime strength during her passage. Once operational, the frigate is expected to play a crucial role in safeguarding the nation’s maritime interests and strengthening India’s presence across vital sea lanes.

    July 2, 2025
  • MIL-OSI: PFMCrypto Launches World’s First “XRP Liquidity Mining”: AI-Powered Multi-Asset Cloud Mining Unlocks the Next Generation of Passive Income

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, July 01, 2025 (GLOBE NEWSWIRE) — As the crypto market heats up and XRP edges toward the $5 milestone, PFMCrypto is redefining how investors earn mining rewards. The company has officially launched “XRP Liquidity Mining”, the world’s first AI-powered multi-asset cloud mining vault, enabling users to mine multiple cryptocurrencies simultaneously while dynamically reallocating computing power to optimize real-time returns.

    With the official launch of Liquidity Mining, users gain access to a fully automated crypto earnings strategy that mines across XRP, BTC, DOGE, ETH, and other assets—based on market trends, profitability opportunities, and network difficulty. No technical setup or hardware is needed, and even first-time investors can begin earning stable daily rewards with just $10.

    Why “Liquidity Mining” Is a Game-Changer for Passive Crypto Income?

    Unlike traditional mining models that lock users into a single asset or static contracts, Liquidity Mining uses PFMCrypto’s proprietary AI earnings engine—AURA—to adjust dynamically in real time. AURA tracks network-wide variables such as price fluctuations, mining difficulty, block rewards, and energy costs, instantly reallocating hash power to the most profitable assets.

    “Liquidity Mining is like autopilot for your crypto income,” said PFMCrypto’s CEO. “Whether XRP is rallying or Bitcoin’s hash rate is fluctuating, our system reallocates in real time—so your funds are always working where they matter most.”

    Key Features of PFMCrypto’s Liquidity Mining:

    –  Multi-Asset Mining – A single deposit mines XRP, BTC, DOGE, ETH, and more

    –  AI Optimization – Real-time resource balancing for maximum daily returns

    –  Low Entry Barrier – Plans start at just $10, perfect for beginners (plus a $10 welcome bonus for new users)

    –  Predictable Earnings – Daily rewards paid in stablecoins or your chosen crypto

    –  No Hardware Needed – 100% cloud-based mining—no rigs, noise, or heat

    –  Enterprise-Grade Security – Assets protected by multi-layer custody infrastructure

    Investor Demand Surges Ahead of Potential XRP Breakout

    Following Ripple’s recent legal settlement with the U.S. SEC—ending a four-year battle with a $125 million settlement—market optimism around XRP is hitting new highs. Analysts now estimate a 95% chance that an XRP ETF could be approved by early Q4, potentially unleashing significant institutional capital inflows.

    “PFMCrypto’s XRP Liquidity Mining couldn’t be better timed,” noted the company’s Chief Market Strategist. “Investors want diversified upside exposure without direct market risk—and this product delivers exactly that.”

    Sample Liquidity Mining Plans:

    $100 Plan – 2-Day Term – Earn $3.00 per day (plus $2 bonus)

    $1,000 Plan – 9-Day Term – Earn $13.10 per day

    $5,000 Plan – 30-Day Term – Earn $78.50 per day

    $10,000 Plan – 40-Day Term – Earn $180.00 per day

    All plans guarantee full principal return at maturity, and users can instantly withdraw earned profits at any time.

    Trusted by Over 9.2 Million Users in 192 Countries

    Since its founding in 2018, PFMCrypto has built a reputation for transparent, high-performance mining systems. Today, it serves a global user base of over 9.2 million, with its AI-driven passive income solutions trusted by beginners and institutions alike.

    Get Started with Liquidity Mining in 3 Simple Steps

    1. Sign Up – Register and receive a $10 welcome bonus.
    2. Choose a Mining Plan – Select your budget and contract duration.
    3. Start Earning Daily – Let PFMCrypto’s AI do the work while you earn.

    About PFMCrypto

    PFMCrypto is a global leader in cloud-based cryptocurrency mining and AI-optimized DeFi solutions. Founded in 2018, the platform supports mining for XRP, BTC, ETH, DOGE, LTC, and SOL. PFMCrypto provides more than 9.2 million users with low-risk, high-yield opportunities to participate in the future of decentralized finance.

    Discover Liquidity Mining and start your smarter mining journey today: https://pfmcrypto.net 

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 2, 2025
  • MIL-OSI: Ingersoll Rand Accelerates Value Creation Through Continued M&A, Announces New Acquisition

    Source: GlobeNewswire (MIL-OSI)

    • Continues the company’s disciplined capital allocation strategy of targeted bolt-on acquisitions and proven ability to build trusted, proprietary partnerships with family-owned businesses
    • Acquisition expands Ingersoll Rand competencies and capabilities in high-growth end markets
    • Purchase made at an attractive low-double-digit multiple with expected post-synergy multiple in the mid-to-high single digits

    DAVIDSON, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, has acquired Termomeccanica Industrial Compressors S.p.A. (“TMIC”) and its subsidiary Adicomp S.p.A. (“Adicomp”) (collectively “TMIC/Adicomp”) with a purchase price of approximately €160 million.

    TMIC is an international leader in the design and production of air and gas compressors with over 100 years of experience and innovation. Its subsidiary Adicomp provides engineered-to-order (ETO) solutions in the renewable natural gas (RNG) industry. TMIC/Adicomp are based in Italy, with an existing presence in North America and recent expansion into Brazil and India, and improve the company’s RNG gas-ends and packaging presence. The businesses will join the Industrial Technologies and Services (IT&S) segment.

    “TMIC/Adicomp are leading businesses in their respective industries, and today we welcome them to Ingersoll Rand,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “These companies strengthen our core capabilities and broaden our service offerings, enabling us to deliver greater value to our customers while advancing our long-term growth strategy for shareholders. Additionally, these companies reflect the strength of our M&A flywheel and reaffirm our ability to partner with family-owned businesses on a proprietary basis.”

    About Ingersoll Rand Inc.

    Ingersoll Rand Inc. (NYSE: IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand Inc.’s (the “Company” or “Ingersoll Rand”) expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to,” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.

    These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates, or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to natural disaster, catastrophe, global pandemics (including COVID-19), geopolitical tensions, cyber events, or other events outside of our control; (2) unexpected costs, charges, or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory, and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at http://www.sec.gov. The foregoing list of important factors is not exclusive.

    Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

    The MIL Network –

    July 2, 2025
  • MIL-OSI: BigCommerce Appoints Former Adobe Fellow and Vice President of Technology Anil Kamath to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 01, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), a leading open SaaS ecommerce platform for B2C and B2B businesses, announced today that former Adobe Fellow and Vice President of Technology Anil Kamath has joined the BigCommerce Board of Directors.

    “Joining the Board of BigCommerce is an exciting opportunity to support BigCommerce’s innovation agenda through strategic guidance on data and AI,” Kamath said. “I see immense potential to leverage predictive analytics, personalization and intelligent automation to drive transformative growth for merchants. Ecommerce is one of the most dynamic frontiers for applied AI, and I’m thrilled to contribute to a vision that empowers businesses to scale smarter, serve customers better and innovate faster.”

    Over his 30-year career as a technology entrepreneur, advisor and leader, Kamath has developed expertise in business strategy, scaling companies, strategic oversight, governance and corporate development that, combined with his industry perspective, will enable him to provide BigCommerce with critical strategic guidance.

    During his 13 years at Adobe, Kamath was responsible for data science, machine learning and artificial intelligence for the Adobe Experience Cloud. Prior to joining Adobe, he was the founder and primary architect of Efficient Frontier, a digital ad buying platform that managed more than $2 billion in advertising spend until its acquisition by Adobe. He led the integration of Efficient Frontier into Adobe Marketing Cloud and developed data science-driven solutions that optimized customer acquisition, engagement, retention and growth across B2C and B2B businesses. More recently, he spearheaded the generative AI transformation for enterprise marketing, leading to the launch of Gen Studio for Performance Marketing.

    After a successful 13-year tenure at Adobe, Kamath transitioned earlier this year to focus on mentoring and supporting early-stage innovation. He is a longtime member of the Stanford Angels & Entrepreneurs, as well as lead mentor and advisor at StartX, a non-profit accelerator for Stanford University startups.

    “Anil brings an extensive blend of strong leadership and valuable technological expertise to BigCommerce at a time when our industry and our business are going through some exciting changes,” said Travis Hess, CEO of BigCommerce. “His addition to our Board will help strengthen BigCommerce’s core offerings as well as inform the innovations we are building to drive business outcomes for merchants. We are excited to leverage his experience and look forward to Anil’s perspectives and contributions.”

    Kamath was appointed to the vacancy created upon the departure of BigCommerce board member Lawrence Bohn who had served since 2011, when he became BigCommerce’s first investor through General Catalyst’s Series A investment in the company.

    “I want to personally thank Larry for his many significant contributions to the growth and success of BigCommerce,” Hess said. “Since the earliest days of the company, Larry has been invaluable to BigCommerce, and throughout his tenure, he has championed a deep belief in our mission and strategy.”

    About BigCommerce
    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “outlook,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “strategy,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others, our expectations regarding our revenue, expenses, sales, and operations; anticipated trends and challenges in our business and the markets in which we operate; the war involving Russia and Ukraine and the potential impact on our operations, global economic and geopolitical conditions; the impacts of changes in U.S. trade policy and global tariffs; our anticipated areas of investments and expectations relating to such investments; our anticipated cash needs and our estimates regarding our capital requirements and refinancing; our ability to compete in our industry and innovation by our competitors; our ability to anticipate market needs or develop new or enhanced services to meet those needs; our ability to manage growth and to expand our infrastructure; our ability to establish and maintain intellectual property rights; our ability to manage expansion into international markets and new industries; our ability to hire and retain key personnel; our ability to successfully identify, manage, and integrate any existing and potential acquisitions; our ability to adapt to emerging regulatory developments, technological changes, and cybersecurity needs; the anticipated effect on our business of litigation to which we are or may become a party; the anticipated benefits and opportunities related to past and ongoing restructuring may not be realized or may take longer to realize than expected; our ability to manage key executive succession and retention or continue to attract qualified personnel; our ability to implement a go-to-market strategy that focuses on efficient profitable revenue growth, operating leverage, and healthy cash flow, may be impacted by unforeseen challenges in streamlining our organization and adapting to market dynamics; and our ability to remediate the material weakness could negatively affect our business. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Report for the quarter ended March 31, 2025, and the future quarterly and current reports that we file with the SEC. Forward-looking statements speak only as of the date the statements are made and are based on information available to BigCommerce at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. BigCommerce assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    Media Contact:
    Brad Hem
    pr@bigcommerce.com

    Investor Relations Contact:
    Tyler Duncan
    investorrelations@bigcommerce.com

    The MIL Network –

    July 2, 2025
  • MIL-OSI: Timing Is Everything: DRML Miner Launches Scalable Cloud Mining and Opens the Smartest Way to Mine Bitcoin

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 01, 2025 (GLOBE NEWSWIRE) — Bitcoin has once again proven it plays by its own rules. While traditional markets struggle under inflation and uncertainty, BTC keeps shattering resistance levels. Investors who waited on the sidelines now watch as prices climb, wishing they’d acted sooner. Those who took a chance when everyone else was cautious are now celebrating hefty returns.

    This breakout is not just luck — it’s a testament to Bitcoin’s growing global acceptance. The question now is simple: how can you capitalize on this new surge without the stress of running your own mining operation? The answer lies with a powerful ally in the crypto space — DRML Miner.

    Introducing DRML Miner: The Future of Effortless Cloud Mining

    DRML Miner is more than just another mining platform. It’s a complete ecosystem built to let you profit from the crypto boom without the massive costs of traditional mining. Their platform was designed for both newcomers and serious investors who want a seamless, secure, and scalable way to mine Bitcoin and altcoins.

    Here’s why DRML Miner is transforming cloud mining:

    Instant Start: No bulky rigs. No tech headaches. Register, choose a plan, and start mining immediately.

    Affordable Entry: Get started with as little as $100. Scale your investment as your earnings grow.

    Daily Payouts: Enjoy stable, daily returns directly to your account.

    Ironclad Security: Advanced encryption protects every transaction.

    24/7 Support: A dedicated team ready to guide you whenever you need.

    No Surprise Fees: What you see is exactly what you pay.

    Breaking Away from the Crowd: Why It Pays to Go Against the Trend

    Many investors still fear entering the crypto market, burned by past volatility or confused by its complexity. But history favors those who move while others freeze. By the time the masses pile in, the biggest gains are often already gone.

    Partnering with DRML Miner means you’re positioning yourself at the forefront of this new wave. As Bitcoin continues to break new ground, your mining profits stand to grow in parallel. Instead of worrying about buying hardware, managing power bills, or figuring out mining pools, DRML does all the heavy lifting.

    Advanced Technology Means More Profits for You

    Unlike many old-school operations, DRML Miner uses cutting-edge algorithms and smart mining systems. Their tech team constantly upgrades their infrastructure, ensuring mining stays efficient even as network difficulty rises. This approach maximizes hash power and minimizes wasted energy, translating to more consistent earnings for you.

    Their online dashboard is equally powerful. It gives you a transparent, real-time view of your mining activity, your returns, and your wallet balance. Withdraw your earnings anytime — your money, your control.

    Why Bitcoin’s Surge Makes Now the Perfect Time

    With Bitcoin breaking through long-held barriers, there’s never been a better moment to get involved. Traditional markets are plagued by rising interest rates and unpredictable swings. Meanwhile, Bitcoin continues attracting institutional investors, solidifying its reputation as digital gold.

    Cloud mining through DRML Miner lets you ride this momentum without the steep barriers of traditional mining. No need for warehouse space, no hardware troubleshooting, no noise, no heat. Just sign up, fund your plan, and watch your crypto grow.

    Multiple Plans for Every Investor

    Whether you’re a cautious beginner or a seasoned whale, DRML Miner offers flexible plans tailored to your goals. Start small to get comfortable, then upgrade as you see steady returns. This flexibility is crucial in a rapidly changing market.

    Their minimum plan starts at just $100, making it accessible to almost anyone serious about building crypto wealth. From there, the sky’s the limit.

    Security and Transparency at Every Step

    In crypto, trust is everything. DRML Miner backs this up with airtight security protocols and transparent operations. All transactions use high-grade encryption. Your account is protected by multi-layer verification. And with no hidden fees, your payouts are exactly what you expect.

    Plus, their friendly support team is available around the clock, ready to answer any questions or solve any concerns. That’s true peace of mind.

    Step Boldly Into the New Era of Mining

    Going against the trend is how real wealth is built. While others stay cautious or wait for “the perfect time,” savvy investors are already mining, already earning, already building their digital futures.

    By partnering with DRML Miner, you join a platform that combines smart technology, real security, and a proven record of daily payouts. It’s your chance to lead — not follow — in the new era of cloud mining.

    Ready to Get Started?

    Don’t watch from the sidelines as Bitcoin continues to surge. Take action now. Visit https://drmlminers.com/ today, explore their mining plans, and set your financial future in motion. The new era of crypto wealth is here. Will you seize it?

     

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

    July 2, 2025
  • MIL-OSI: Provident Financial Services, Inc. Schedules Second Quarter Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., July 01, 2025 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter ended June 30, 2025 on Thursday, July 24, 2025 at 8:00am. A copy of the earnings release will be immediately available on the Company’s website, www.Provident.Bank, by going to Investor Relations and clicking on Press Releases.

    Representatives of the Company will hold a conference call for investors on July 24, 2025 at 2:00 p.m. (ET) to discuss the Company’s second quarter financial results. Information about the conference call is as follows:

    PARTICIPANT DIAL-IN NUMBERS:
    North America Toll-Free: (888) 412-4131
    International Toll: +1(646) 960-0134
    Conference ID 3610756
       

    Internet access to the call will be available (listen only) at www.Provident.Bank by going to Investor Relations and clicking on Webcast.

    A replay of the call will be available beginning at 12:00 noon (ET) on July 24, 2025 until 11:59 p.m. (ET) on August 7, 2025.

    Toll Free Dial in Number: 1-800-770-2030
    Toll Dial in Number: 1-609-800-9909
    Playback ID: 3610756 followed by # key
       

    The call will also be archived on the Company’s website for a period of one year.

    Provident Financial Services, Inc. is the holding company for Provident Bank. As of March 31, 2025, the Company reported assets of $24.22 billion. The Bank currently operates a network of full-service branches throughout New Jersey, eastern Pennsylvania, and Orange, Queens, and Nassau Counties, New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc.

    SOURCE: Provident Financial Services, Inc.
    CONTACT: Investor Relations, 1-732-590-9300
    Web Site: http://www.Provident.Bank

    The MIL Network –

    July 2, 2025
  • MIL-Evening Report: News laws to make it harder for large Australian and foreign companies to avoid paying tax

    Source: The Conversation (Au and NZ) – By Kerrie Sadiq, Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology

    The Conversation, CC BY

    The beginning of the financial year means for the first time in Australia the public will see previously unreleased tax reports produced by multinational taxpayers.

    These documents, known as country-by-country reports, or CbCR for short, contain information about the tax practices of large Australian businesses and foreign businesses operating in Australia. This information, previously only available to the taxpayer and the Australian Tax Office, will be made public.

    Country-by-country reports, announced in the October 2022-2023 budget, were introduced with other measures designed to improve corporate tax behaviour. The reports will be released from this week as part of corporate reporting practices. Multinationals have 12 months to comply.

    A fairer tax system

    Country-by-country reporting forms part of the government’s multinational tax integrity election commitment package. The aim is to ensure a fairer and more sustainable tax system. Large firms will be required to publish a statement on their global activities plus tax information for each jurisdiction in which they operate.

    Until now, large multinationals only had to prepare annual consolidated financial statements under international financial reporting standards. The traditional reports aggregate results and provide limited geographic reporting information.

    Traditional high-level reporting allows multinationals to conceal their country-level activities. This hides questionable tax practices.

    Country-by-country reporting allows us to better see where a multinational operates. More importantly, the amount of activity in each jurisdiction is reported. The information provides clues as to whether artificial profit shifting has occurred.

    Anyone interested can uncover details about how multinationals structure their global operations. Information may reveal a misalignment between the company’s real economic presence in a country, the profits they book and taxes they pay in that country.

    Bringing Australia into line with the EU

    Country-by-country reporting is not new. It is the requirement that the information be made public that has changed.

    Australian firms have been required to provide such reports to the Australian Tax Office since 2016. However, the information has been confidential.

    The new public disclosure law brings Australia in line with large firms operating in the European Union which brought in the change last year.

    How country-by-country reporting works

    A taxpayer with annual global income above A$1 billion and at least A$10 million of its turnover Australian-sourced will need to produce a report. The obligation to disclose rests with the parent entity no matter where they are located.

    Australia’s largest companies, including mining giants Rio Tinto and BHP, biotech firm CSL, and investment bank Macquarie Group, will be among those expected to report, as will foreign tech behemoths such as Apple, Amazon, Microsoft and Meta.

    These tech giants are the same US firms likely to be excluded from the global minimum tax rules under a G7 agreement reached last week. Under the agreement, US multinationals were exempted from paying more corporate tax overseas. Other G7 members gave in to protect their own companies from the US’s threat of retaliation.

    Under the law change in Australia, a parent entity will provide its name, the names of all members of the group, a description of their approach to tax, and information about operations in certain countries. Included on the list are countries that attract multinationals due to reduced tax obligations, such as Singapore, Switzerland, and the Bahamas.

    Everyone will be able to see where a multinational is operating. They will also see the types of business activities conducted, number of employees, assets, revenue, and taxes paid. Large profits in a country but little business activity and very few employees may raise questions, especially if a country has a low tax rate.

    Benefits of better transparency

    Access to the extra information will help investors assess the tax and reputational risk of a firm. A multinational that shifts profits to low tax countries may be audited and pay extra tax and penalties.

    Increased transparency allows greater scrutiny. In turn, it is hoped multinationals will reduce aggressive tax planning due to potential risk to their reputation.

    If multinationals shift less taxable profits out of Australia to low-tax or no-tax jurisdictions, this will lead to Australia receiving a greater share of much needed corporate tax revenue.

    Reducing profit shifting

    Recent academic research on public country-by-country reporting reveals it provides additional information to better identify tax haven activity. However, it does not result in a significant drop in corporate tax avoidance.

    Increased tax transparency helps investors and tax authorities to better understand a multinational’s economic and tax geographic footprint. It is also important when it seems that US giants will be excluded from the 15% global minimum tax rules. Transparency by itself, however, does not lead to multinationals paying more corporate taxes.

    By its very nature, tax avoidance is legal but pushes the boundaries by going against the spirit of the law. Indeed, many large multinationals argue tax is a legal obligation and is not voluntary. They maintain they pay the tax required of them according to the law.

    Undoubtedly, Australia’s new public country-by-country regime is a positive step for tax transparency. As a country initiative, it has been applauded as groundbreaking and world leading. However, it is not a panacea to corporate tax avoidance.

    To limit corporate tax avoidance and have multinationals pay more corporate taxes, we must get to the heart of the problem. We must change the law that dictates the way multinationals are taxed.

    Kerrie Sadiq currently receives funding from the Australian Research Council. She has previously received research grants from CPA Australia and CAANZ.

    Rodney Brown has previously received research grants from CPA Australia and CAANZ.

    – ref. News laws to make it harder for large Australian and foreign companies to avoid paying tax – https://theconversation.com/news-laws-to-make-it-harder-for-large-australian-and-foreign-companies-to-avoid-paying-tax-260004

    MIL OSI Analysis – EveningReport.nz –

    July 2, 2025
  • MIL-Evening Report: News laws to make it harder for large Australian and foreign companies to avoid paying tax

    Source: The Conversation (Au and NZ) – By Kerrie Sadiq, Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology

    The Conversation, CC BY

    The beginning of the financial year means for the first time in Australia the public will see previously unreleased tax reports produced by multinational taxpayers.

    These documents, known as country-by-country reports, or CbCR for short, contain information about the tax practices of large Australian businesses and foreign businesses operating in Australia. This information, previously only available to the taxpayer and the Australian Tax Office, will be made public.

    Country-by-country reports, announced in the October 2022-2023 budget, were introduced with other measures designed to improve corporate tax behaviour. The reports will be released from this week as part of corporate reporting practices. Multinationals have 12 months to comply.

    A fairer tax system

    Country-by-country reporting forms part of the government’s multinational tax integrity election commitment package. The aim is to ensure a fairer and more sustainable tax system. Large firms will be required to publish a statement on their global activities plus tax information for each jurisdiction in which they operate.

    Until now, large multinationals only had to prepare annual consolidated financial statements under international financial reporting standards. The traditional reports aggregate results and provide limited geographic reporting information.

    Traditional high-level reporting allows multinationals to conceal their country-level activities. This hides questionable tax practices.

    Country-by-country reporting allows us to better see where a multinational operates. More importantly, the amount of activity in each jurisdiction is reported. The information provides clues as to whether artificial profit shifting has occurred.

    Anyone interested can uncover details about how multinationals structure their global operations. Information may reveal a misalignment between the company’s real economic presence in a country, the profits they book and taxes they pay in that country.

    Bringing Australia into line with the EU

    Country-by-country reporting is not new. It is the requirement that the information be made public that has changed.

    Australian firms have been required to provide such reports to the Australian Tax Office since 2016. However, the information has been confidential.

    The new public disclosure law brings Australia in line with large firms operating in the European Union which brought in the change last year.

    How country-by-country reporting works

    A taxpayer with annual global income above A$1 billion and at least A$10 million of its turnover Australian-sourced will need to produce a report. The obligation to disclose rests with the parent entity no matter where they are located.

    Australia’s largest companies, including mining giants Rio Tinto and BHP, biotech firm CSL, and investment bank Macquarie Group, will be among those expected to report, as will foreign tech behemoths such as Apple, Amazon, Microsoft and Meta.

    These tech giants are the same US firms likely to be excluded from the global minimum tax rules under a G7 agreement reached last week. Under the agreement, US multinationals were exempted from paying more corporate tax overseas. Other G7 members gave in to protect their own companies from the US’s threat of retaliation.

    Under the law change in Australia, a parent entity will provide its name, the names of all members of the group, a description of their approach to tax, and information about operations in certain countries. Included on the list are countries that attract multinationals due to reduced tax obligations, such as Singapore, Switzerland, and the Bahamas.

    Everyone will be able to see where a multinational is operating. They will also see the types of business activities conducted, number of employees, assets, revenue, and taxes paid. Large profits in a country but little business activity and very few employees may raise questions, especially if a country has a low tax rate.

    Benefits of better transparency

    Access to the extra information will help investors assess the tax and reputational risk of a firm. A multinational that shifts profits to low tax countries may be audited and pay extra tax and penalties.

    Increased transparency allows greater scrutiny. In turn, it is hoped multinationals will reduce aggressive tax planning due to potential risk to their reputation.

    If multinationals shift less taxable profits out of Australia to low-tax or no-tax jurisdictions, this will lead to Australia receiving a greater share of much needed corporate tax revenue.

    Reducing profit shifting

    Recent academic research on public country-by-country reporting reveals it provides additional information to better identify tax haven activity. However, it does not result in a significant drop in corporate tax avoidance.

    Increased tax transparency helps investors and tax authorities to better understand a multinational’s economic and tax geographic footprint. It is also important when it seems that US giants will be excluded from the 15% global minimum tax rules. Transparency by itself, however, does not lead to multinationals paying more corporate taxes.

    By its very nature, tax avoidance is legal but pushes the boundaries by going against the spirit of the law. Indeed, many large multinationals argue tax is a legal obligation and is not voluntary. They maintain they pay the tax required of them according to the law.

    Undoubtedly, Australia’s new public country-by-country regime is a positive step for tax transparency. As a country initiative, it has been applauded as groundbreaking and world leading. However, it is not a panacea to corporate tax avoidance.

    To limit corporate tax avoidance and have multinationals pay more corporate taxes, we must get to the heart of the problem. We must change the law that dictates the way multinationals are taxed.

    Kerrie Sadiq currently receives funding from the Australian Research Council. She has previously received research grants from CPA Australia and CAANZ.

    Rodney Brown has previously received research grants from CPA Australia and CAANZ.

    – ref. News laws to make it harder for large Australian and foreign companies to avoid paying tax – https://theconversation.com/news-laws-to-make-it-harder-for-large-australian-and-foreign-companies-to-avoid-paying-tax-260004

    MIL OSI Analysis – EveningReport.nz –

    July 2, 2025
  • MIL-Evening Report: ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced

    Source: The Conversation (Au and NZ) – By Tom Lee, Senior Lecturer, School of Design, University of Technology Sydney

    David Gray / AFP / Getty Images

    Australian farms are at the forefront of a wave of technological change coming to agriculture. Over the past decade, more than US$200 billion (A$305 billion) has been invested globally into the likes of pollination robots, smart soil sensors and artificial intelligence (AI) systems to help make decisions.

    What do the people working the land make of it all? We interviewed dozens of Australian farmers about AI and digital technology, and found they had a sophisticated understanding of their own needs and how technology might help – as well as a wariness of tech companies’ utopian promises.

    The future of farming

    The supposed revolution coming to agriculture goes by several names: “precision agriculture”, “smart farming”, and “agriculture 4.0” are some of the more common ones.

    These names all gesture towards a future in which the relationship between humans, computing and nature have been significantly reconfigured. Perhaps remote sensing technology will monitor ever more of a farm system, autonomous vehicles will patrol it, and AI will predict crop growth or cattle weight gain.

    But there’s another story to tell about the way technological change happens. It involves people and communities creating their own future, their own sense of important change from the past.

    AI, country style

    Our research team conducted more than 35 interviews with farmers, specifically livestock producers, from across Australia.

    The dominant themes of their responses were captured in two pithy quotes: “shit in, shit out” and “more automation, less features”.

    “Shit in, shit out” is an earthier version of the “garbage in, garbage out” adage in computer science. If the data going into a model is unreliable or overly abstract, then the outputs will be shaped by those errors.

    This captured a real concern for many farmers. They didn’t feel they could trust new technologies if they didn’t understand what knowledge and information they had been built with.

    A different kind of automation

    On the other hand, “more automation, less features” is what farmers want: technologies that may not have a lot of bells and whistles, but can reliably take a task off their hands.

    Australian farmers have a ready appetite for labour-saving technologies. When human bodies are scarce, as they often are in rural Australia, machines are created to fill the void.

    Windmills, wire fences, and even the iconic Australian sheepdog have been a crucial part of the technological narrative of settler colonial farming. These things are not “autonomous” in the same way as computer-powered vehicles and drones, but they offer similar advantages to farmers.

    What these classic farm technologies have in common is a simplicity that derives from a clarity of purpose. They are the opposite of the “everything apps” that fuel the dreams of many Silicon Valley entrepreneurs.

    “More automation, less features” is in this sense a farmer envisaging a digital product that fits with their image of a useful technology: transparent in its operations, and a reliable replacement for or an addition to human labour.

    The lesson of the Suzuki Sierra Stockman

    When speaking with one farmer about favoured technologies of her lifetime, she mentioned the Suzuki Sierra Stockman. These small, no-frills, four-wheel-drive vehicles became something of an icon on Australian sheep and cattle farms through the 1970s, ‘80s and ’90s.

    By the 1990s, the Suzuki Sierra Stockman had an iconic status among Australian farmers.
    Turbo_J / Flickr

    Reflecting on her memories of first using the vehicle, the farmer said:

    Once I learnt that I could actually draft cattle out with the Suzuki, that changed everything. You could do exactly what you did on a horse with a vehicle.

    It seems unlikely that Suzuki’s engineers in Japan envisaged their little jeep chasing cattle in the paddocks of Central West of NSW. The Suzuki was in a sense remade by farmers who found innovative uses for it.

    Future technology must be simple, adaptable and reliable

    The combustion engine was a key technological change on farms in the 20th century. Computers may play a similar role in the 21st.

    We are perhaps yet to see a digital product as iconic as wire fences, windmills, sheepdogs and the Suzuki Stockman. Computers are still largely technologies of the office, not the paddock.

    However, this is changing as computers get smaller and are wired into water tanks, soil monitors and in-paddock scales. More data input from these sensors means AI systems have more scope to help farmers make decisions.

    AI may well become a much-loved tool for farmers. But that journey to iconic status will depend as much on how farmers adapt the technology as on how the developers build it. And we can guess at what it will look like: simple, adaptable and reliable.

    This article is based on research conducted by the Foragecaster project, led by AgriWebb and supported by funding from Food Agility CRC Ltd, funded under the Commonwealth Government CRC Program. The CRC Program supports industry-led collaborations between industry, researchers and the community. This project was also supported by funding from Meat and Livestock Australia (MLA).

    – ref. ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced – https://theconversation.com/shit-in-shit-out-ai-is-coming-for-agriculture-but-farmers-arent-convinced-259997

    MIL OSI Analysis – EveningReport.nz –

    July 2, 2025
  • MIL-Evening Report: ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced

    Source: The Conversation (Au and NZ) – By Tom Lee, Senior Lecturer, School of Design, University of Technology Sydney

    David Gray / AFP / Getty Images

    Australian farms are at the forefront of a wave of technological change coming to agriculture. Over the past decade, more than US$200 billion (A$305 billion) has been invested globally into the likes of pollination robots, smart soil sensors and artificial intelligence (AI) systems to help make decisions.

    What do the people working the land make of it all? We interviewed dozens of Australian farmers about AI and digital technology, and found they had a sophisticated understanding of their own needs and how technology might help – as well as a wariness of tech companies’ utopian promises.

    The future of farming

    The supposed revolution coming to agriculture goes by several names: “precision agriculture”, “smart farming”, and “agriculture 4.0” are some of the more common ones.

    These names all gesture towards a future in which the relationship between humans, computing and nature have been significantly reconfigured. Perhaps remote sensing technology will monitor ever more of a farm system, autonomous vehicles will patrol it, and AI will predict crop growth or cattle weight gain.

    But there’s another story to tell about the way technological change happens. It involves people and communities creating their own future, their own sense of important change from the past.

    AI, country style

    Our research team conducted more than 35 interviews with farmers, specifically livestock producers, from across Australia.

    The dominant themes of their responses were captured in two pithy quotes: “shit in, shit out” and “more automation, less features”.

    “Shit in, shit out” is an earthier version of the “garbage in, garbage out” adage in computer science. If the data going into a model is unreliable or overly abstract, then the outputs will be shaped by those errors.

    This captured a real concern for many farmers. They didn’t feel they could trust new technologies if they didn’t understand what knowledge and information they had been built with.

    A different kind of automation

    On the other hand, “more automation, less features” is what farmers want: technologies that may not have a lot of bells and whistles, but can reliably take a task off their hands.

    Australian farmers have a ready appetite for labour-saving technologies. When human bodies are scarce, as they often are in rural Australia, machines are created to fill the void.

    Windmills, wire fences, and even the iconic Australian sheepdog have been a crucial part of the technological narrative of settler colonial farming. These things are not “autonomous” in the same way as computer-powered vehicles and drones, but they offer similar advantages to farmers.

    What these classic farm technologies have in common is a simplicity that derives from a clarity of purpose. They are the opposite of the “everything apps” that fuel the dreams of many Silicon Valley entrepreneurs.

    “More automation, less features” is in this sense a farmer envisaging a digital product that fits with their image of a useful technology: transparent in its operations, and a reliable replacement for or an addition to human labour.

    The lesson of the Suzuki Sierra Stockman

    When speaking with one farmer about favoured technologies of her lifetime, she mentioned the Suzuki Sierra Stockman. These small, no-frills, four-wheel-drive vehicles became something of an icon on Australian sheep and cattle farms through the 1970s, ‘80s and ’90s.

    By the 1990s, the Suzuki Sierra Stockman had an iconic status among Australian farmers.
    Turbo_J / Flickr

    Reflecting on her memories of first using the vehicle, the farmer said:

    Once I learnt that I could actually draft cattle out with the Suzuki, that changed everything. You could do exactly what you did on a horse with a vehicle.

    It seems unlikely that Suzuki’s engineers in Japan envisaged their little jeep chasing cattle in the paddocks of Central West of NSW. The Suzuki was in a sense remade by farmers who found innovative uses for it.

    Future technology must be simple, adaptable and reliable

    The combustion engine was a key technological change on farms in the 20th century. Computers may play a similar role in the 21st.

    We are perhaps yet to see a digital product as iconic as wire fences, windmills, sheepdogs and the Suzuki Stockman. Computers are still largely technologies of the office, not the paddock.

    However, this is changing as computers get smaller and are wired into water tanks, soil monitors and in-paddock scales. More data input from these sensors means AI systems have more scope to help farmers make decisions.

    AI may well become a much-loved tool for farmers. But that journey to iconic status will depend as much on how farmers adapt the technology as on how the developers build it. And we can guess at what it will look like: simple, adaptable and reliable.

    This article is based on research conducted by the Foragecaster project, led by AgriWebb and supported by funding from Food Agility CRC Ltd, funded under the Commonwealth Government CRC Program. The CRC Program supports industry-led collaborations between industry, researchers and the community. This project was also supported by funding from Meat and Livestock Australia (MLA).

    – ref. ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced – https://theconversation.com/shit-in-shit-out-ai-is-coming-for-agriculture-but-farmers-arent-convinced-259997

    MIL OSI Analysis – EveningReport.nz –

    July 2, 2025
  • MIL-OSI Analysis: Detroit restaurants identified as ‘Black-owned’ on Yelp saw a slight drop in business ratings

    Source: The Conversation – USA – By Matthew Bui, Assistant Professor of Information and Digital Studies, University of Michigan

    Yelp’s Black-owned tag was designed to help business owners like Don Studvent attract more customers. His restaurant closed in 2018 after nine years in business. AP Photo/Carlos Osorio

    When the online review platform Yelp added a “Black-owned” tag in 2020, it boosted the visibility of Black-owned restaurants in Detroit. It also caused their ratings to drop, according to our recent study.

    Both local and nonlocal reviewers who showed awareness of a restaurant’s Black ownership rated restaurants 3.03 stars on average. Those who did not acknowledge Black ownership gave a rating of 3.78 stars on average. The tag seems to have caused the average rating to drop by attracting more reviewers who were aware of Black ownership.

    Why it matters

    Technology companies often introduce new features and tools to influence user behavior and make their platforms more usable.

    Although Yelp intended to support Black communities with the Black-owned tag, the design intervention was harmful to Black restaurant owners in Detroit because Yelp failed to consider platform and community-based factors that significantly shape user interactions.

    Yelp’s user base is predominantly white, educated and affluent. Making Detroit’s Black-owned restaurants more visible to Yelp users may have amplified cross-cultural interactions and frictions. For example, non-Black users sometimes mentioned “slower” and “rude” service as justifications for lower ratings. Close readings of these reviews hinted at intercultural and communicative clashes.

    Even if Black-owned restaurants businesses didn’t select the tag, they appeared in searches for “Black-owned restaurants,” in 2022 when we conducted the study and as recently as 2025. Businesses can remove the “Black-owned” tag, but Yelp doesn’t provide a way for them to opt out of search results.

    How we did our work

    To examine the local impacts of Yelp’s Black-owned tag, we collected over 250,000 Yelp reviews of Black- and non-Black-owned restaurants in Detroit and Los Angeles.

    We identified Black-owned restaurants through community-sourced lists for Detroit and Los Angeles and then generated a random sample for the non-Black-owned restaurants.

    We then identified reviews that explicitly noted “Black ownership” for closer analysis.

    Detroit’s Black-owned businesses saw a greater loss in business compared with “ownership-unreported” restaurants during the COVID-19 pandemic. This means they also potentially had more to gain from the new tag.

    We found the awareness of Black ownership on Yelp significantly increased following Yelp’s addition of the Black-owned tag in June 2020. A year after the tag was added, reviews in Detroit mentioned Black ownership 4.3% more often than a year before it was rolled out.

    Detroit Black-owned restaurants also saw a small temporary spike in their number of reviews, largely around the time Yelp added the Black-owned tag. At the same time, the restaurants’ average star ratings dropped from 3.91 to 3.88. In contrast, non-Black-owned restaurants’ ratings stayed relatively steady at 3.90.

    This metric is an aggregate of all Detroit restaurants’ Yelp reviews over their entire existence, so a .03-star rating change is small but significant.

    Even minor changes to star ratings affect the number of diners restaurants attract, their earning potential and the likelihood they will sell out of food.

    Adding obstacles in digital platforms serves to reproduce and amplify inequalities these businesses already face, rather than alleviate them. For example, Black-owned businesses have a harder time getting loans and are relatively underrepresented in Michigan as a whole.

    These findings may seem surprising given that Detroit is a majority Black city. However, Black users on Yelp are a minority. Keeping in mind the skewed user base of Yelp, we hypothesize the lower reviews for businesses featuring a Black-owned tag reflect existing racial and digital divides in the city.

    Generally, our study provides additional evidence that digital interventions are not “one-size-fits-all,” nor is digital visibility inherently positive for all businesses.

    The Research Brief is a short take on interesting academic work.

    _This article was updated to clarify how labels are added to profiles.

    This research was supported by a research grant from the Ewing Marion Kauffman Foundation.

    Matthew Bui does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    Cameron Moy does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Detroit restaurants identified as ‘Black-owned’ on Yelp saw a slight drop in business ratings – https://theconversation.com/detroit-restaurants-identified-as-black-owned-on-yelp-saw-a-slight-drop-in-business-ratings-256306

    MIL OSI Analysis –

    July 2, 2025
  • MIL-OSI Russia: Bosnia and Herzegovina: Staff Concluding Statement for the 2025 Article IV Consultation Mission

    Source: IMF – News in Russian

    July 1, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Sarajevo:

    Growth has proven resilient supported by expansionary fiscal policies, but inflation has picked up, and risks are elevated due to external shocks and domestic political tensions. Progress towards EU accession could boost confidence, but political hurdles persist. Fiscal policy should focus on restoring buffers and improving spending quality. The authorities should refrain from further discretionary measures that widen the deficit and strengthen contingency planning. Both entities face large financing needs that are expected to be met through external borrowing, with a Eurobond issuance in FBiH and bilateral loans in the RS, along with some domestic issuances. The authorities should prepare contingency plans in case of financing shortfalls. Reforms, including a review of public employment, wages, and social benefits are needed to achieve a debt-stabilizing primary balance.

    To safeguard monetary stability, it is essential to maintain the currency board and uphold the independence of the central bank. The authorities should continue to closely monitor financial sector risks and enhance crisis preparedness. The establishment of a country-wide financial stability fund, which would facilitate bank restructuring and provide liquidity on an exceptional basis, would substantially strengthen the financial safety net. To accelerate growth, the authorities need to speed up reforms to improve fiscal governance, protect financial integrity, fight corruption, and step up digitalization. Transitioning from coal to green energy along with preparing for the introduction of EU carbon taxes are major challenges ahead. Placing BiH on a higher growth path and providing its people with more opportunities will speed up income convergence with the EU and reduce emigration.

    Recent developments and outlook

    Despite a challenging environment, the economy has been resilient. Growth accelerated to 2.5 percent in 2024 from 2 percent in 2023, with strong domestic demand outweighing a decline in net exports. Household consumption was supported by strong growth in credit and remittances; private investment accelerated. The unemployment rate declined to 11.7 percent in Q4:2024, with real wages growing at an annual rate of 8 percent. The current account deficit widened to 4.0 percent of GDP in 2024 from 2¼ percent in 2023, reflecting a drought-induced decline in electricity exports, weaker demand for exports, and higher imports associated with strong domestic demand. Inflation fell to 1.7 percent in 2024 from 6¼ percent in 2023, owing to a slowdown in fuel and utilities prices. However, since end-2024, inflation has been rising again to 3.7 percent (yoy) in May, driven mainly by higher food prices.

    The economic outlook remains uncertain amid elevated downside risks. Real GDP is projected to grow by 2.4 percent in 2025 supported by an improvement in net exports, a stronger fiscal impulse, and private consumption. However, the outlook is vulnerable to both domestic and external shocks. A worsening in geopolitical tensions and a resulting slowdown in Europe, or increased commodity price volatility could raise food and energy prices, lower BiH exports and remittances, and dampen domestic demand. An escalation of political tensions could further increase economic fragmentation and weigh on investor confidence and growth. In the absence of faster reform progress, medium-term growth is expected to remain around 3 percent—insufficient for rapid income convergence with the EU. Inflation is expected to remain elevated during 2025, and as food inflation eases, gradually decline from 2026, approaching the ECB target of 2 percent.  

    Fiscal policy and reforms

    Fiscal performance in 2024 was stronger than expected. The general government deficit turned out to be 1¾ percent of GDP, the same as in 2023, but better than anticipated at the time of the 2024 AIV Consultation. The authorities leveraged a large increase in tax revenues to boost spending on wages, goods and services, social benefits, and public investments.

    With fiscal policy expected to ease in 2025, the authorities should avoid further discretionary measures and strengthen contingency planning. Entity budgets and subsequently-adopted measures envisage increases in public wages and pensions, reflecting both legally-mandated indexation and discretionary changes. The widening deficit, which could reach 2.6 percent of GDP, is expected to be mainly financed mostly through foreign borrowing, as well as domestic banks. The authorities should avoid policies that further expand the deficit as this would likely put upward pressure on rising prices and widen external imbalances. Moreover, given mounting downside risks, the authorities should aim to build cash buffers and develop contingency plans. Depending on the severity of a potential shock the authorities should use the available buffers and activate contingency plans.

    Over the medium term, the authorities are advised to place fiscal deficits on a firmly declining path starting from 2026, build fiscal buffers, and enhance the economy’s growth potential. Persistently high deficits risk placing public debt on an upward trajectory and may worsen financing terms. Fiscal consolidation should begin in 2026, with the goal of reducing the primary deficit to its debt-stabilizing level, while improving the quality of spending and rebuilding treasury balances. Priority should be given to spending measures that enhance efficiency—particularly by rationalizing the public wage bill through functional reviews and improving the targeting of social assistance programs. These measures should be complemented by revenue mobilization efforts, including broadening the tax base through the reduction of exemptions and development of new revenue sources, such as taxing dividends. Any fiscally costly policies should be strictly avoided or offset. Given significant infrastructure gaps, increasing both the level and quality of public investment should be a key objective.

    Fiscal consolidation efforts should be accompanied by institutional and structural fiscal reforms. Strengthening fiscal discipline will require a review of existing fiscal rules to assess whether they are appropriately designed to meet macroeconomic management and developmental needs and whether there are sufficient institutional arrangements in place to ensure that they are met. The recent materialization of contingent liabilities related to international arbitration cases underscores the urgency of enhancing fiscal risk management. This includes timely identification of all sources of fiscal risks, assessment of risk magnitude and likelihood, development of mitigation strategies, and reinforcement of the institutional framework. In this context, improving the oversight and governance of state-owned enterprises (SOEs) is crucial. Reducing inefficiencies in public investment management remains a priority. This involves better project selection, rigorous appraisal processes, efficient and transparency procurement, and stronger portfolio management and oversight. Finally, implementing robust beneficiary registries would improve the targeting of social assistance programs by reducing inclusion and exclusion errors, improving efficiency, and enhancing transparency and accountability.

    Currency board arrangement and financial sector policies and reforms

    For three decades, the currency board arrangement (CBA) has been a cornerstone of macroeconomic stability and must be preserved. The CBA has ensured the stability of the domestic currency, while reinforcing policy credibility and fiscal discipline. Benefiting from strong institutional independence, the Central Bank (CBBH), has consistently maintained net foreign exchange reserves well above the level of its monetary liabilities. Safeguarding the CBBH’s independence is critical to preserving the credibility and effectiveness of the CBA.

    The CBBH should further strengthen the reserve requirement framework. In line with IMF advice, the CBBH applies differentiated remuneration rates on reserve requirements for foreign and domestic currency liabilities. Falling euro area interest rates offer an opportunity to reduce the gap with CBBH remuneration rates on required reserves and the opportunity costs for holding reserves. A further comprehensive review of the reserve requirement framework, with technical assistance from the IMF, and implementation of previous recommendations would further strengthen the CBBH’s capacity to achieve its policy objectives.  

    Sustained strong credit growth calls for close monitoring of systemic risks and continued efforts to safeguard banking sector resilience. Credit expansion has been driven by rising wages, declining lending rates, and a booming real estate market. Despite this rapid growth, banks remain well capitalized, liquid, and profitable, while the share of non-performing loans continues to decline. Nonetheless, vigilance is warranted. The authorities should closely monitor financial sector developments and be prepared to deploy macroprudential tools to address risks from credit growth and rising real estate prices. Following introduction of additional capital buffers for systemic risk (SyRB) and domestic systemically important banks (D-SIBs), the macroprudential toolkit should be expanded to include a countercyclical capital buffer (CCyB) and borrower-based measures such as limits on loan-to-value (LTV) ratios and debt-service to income (DSTI) ratios. To preserve resilience, reducing the regulatory capital requirement from 12 to 10 percent as planned from end-2026 should be avoided. The authorities are also advised to avoid further extensions of temporary regulatory measures that aim to contain lending rate increases and to remove limits on bank exposures to foreign governments and central banks.

    Progress made on coordination on financial sector issues, under the leadership of the CBBH, should be maintained. Regular financial sector coordination meetings strengthen inter-agency cooperation and help ensure smooth information exchange. Additionally, the authorities are encouraged to establish a country-wide Financial Stability Fund to support orderly bank resolution and to cooperate across state-level institutions and both entities to request a new IMF Financial Sector Assessment Program (FSAP)—already requested by the CBBH—to comprehensively assess resilience and outline a roadmap for further reform, including in the context of EU accession.

    We commend the CBBH and the other relevant authorities for their strong efforts to integrate BiH with the Single Euro Payments Area (SEPA). SEPA integration will enable faster and more convenient euro payments across borders within the SEPA area, lower transaction costs, and foster deeper trade and economic integration within Europe. It is crucial that the relevant legislative amendments are adopted in a timely manner to pave the way for the submission of the application for SEPA membership. In addition, the development of the TIPS Clone—the project implemented by the CBBH in cooperation with the Bank of Italy—will provide infrastructure for instant payments.

    Structural reforms

    Advancing toward EU membership will require a stronger, more coordinated, and results-driven approach. Persistent political fragmentation, lack of consensus among governing bodies, and limited administrative capacity continue to obstruct the adoption and execution of key reforms. In this context, timely adoption and implementation of the EU Growth Plan offers a valuable opportunity. Reforms under the growth plan will align BiH more closely with the EU single market, advance EU accession, and unlock €1 billion in additional financing over 2025–27 period.

    The authorities should accelerate energy sector reforms to reduce fiscal risks and prepare for implementation of the EU Carbon Border Adjustment Mechanism (CBAM). Key reforms include phasing out electricity subsidies over the medium term—while protecting vulnerable households—and advancing efficiency improvements in energy SOEs. CBAM charges are set to take effect from 2026, with the largest anticipated impact on the BiH electricity sector. To mitigate this, it is essential to establish a domestic power exchange system and an agreed roadmap and legislative framework for introduction of carbon pricing at the state level. These steps would enable BiH to unlock new investment in renewable electricity generation, reducing the overall burden of CBAM. Implementation of carbon pricing will allow BiH to retain carbon-related revenues domestically and potentially secure a CBAM exemption for electricity exports to the EU.

    Reforms that tackle the labor market, governance, and digitalization are also crucial. The authorities should take a structured approach to minimum wage increases that avoids high, frequent, and ad hoc adjustments. Complementary reforms are needed to address low labor market participation (particularly among women) and high youth unemployment. The authorities should urgently implement MONEYVAL priority actions to avoid being grey listed by the Financial Action Task Force (FATF) in early 2026. Grey listing could impose significant economic costs through reduced investment, delays in international payments, and increased transaction costs. Finally, developing digital identity and trust services, and providing government e-services, would strengthen the business environment.

    *   *   *   *   *

    The mission thanks the authorities and all other counterparts for their hospitality and for the constructive and insightful discussions in Sarajevo and Banja Luka.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/07/01/cs-070125-bosnia-and-herzegovina-staff-concluding-statement-for-2025-aiv-consultation-mission

    MIL OSI

    MIL OSI Russia News –

    July 2, 2025
  • MIL-OSI Security: Michigan Man Sentenced to Two Years in Prison for Drug Distribution and Loan Fraud

    Source: US FBI

    BOSTON – A Michigan man was sentenced today in federal court in Boston for a conspiracy to import and sell illegal pharmaceuticals, including opioids, and to fund the operation of the scheme by fraudulently obtaining a COVID-19 pandemic relief loan.

    Donald Nchamukong, 37, was sentenced by U.S. Senior District Court Judge Nathaniel M. Gorton to two years in prison, to be followed by two years of supervised release. Nchamukong was also ordered to pay $200,000 in restitution. In March 2025, Nchamukong pleaded guilty to conspiracy to smuggle goods into the United States, committing loan fraud and distributing controlled substances.

    Starting in 2019 and continuing to 2022, Nchamukong and co-conspirator, Doyal Kalita, conspired to distribute drugs to persons in the United States over the internet and using call centers in India. Nchamukong used shell companies, including a purported dietary supplements company and an auto parts supplier, and associated bank and merchant accounts to process sales of illegal foreign drugs, including the Schedule IV opioid, tramadol. Nchamukong and Kalita also received shipments of tramadol from India and reshipped the drug to customers across the United States, including in Massachusetts. When the COVID-19 pandemic hit, Nchamukong and Kalita fraudulently obtained a $200,000 Economic Injury Disaster Loan to fund their illegal drug scheme.  

    In June 2024, Kalita was sentenced to 10 years in prison for orchestrating the online drug distribution scheme, a technical support fraud scheme and related money laundering.

    United States Attorney Leah B. Foley; Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Thomas Demeo, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office; and Fernando P. McMillan, Special Agent in Charge of the New York Field Office of the U.S. Food and Drug Administration, Office of Criminal Investigations made the announcement today. Valuable assistance was provided by Homeland Security Investigations in New York, the Small Business Administration and the United States Attorney’s Office for the Eastern District of New York. Assistant U.S. Attorney Kriss Basil, Deputy Chief of the Securities, Financial & Cyber Fraud Unit  prosecuted the case.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit https://www.justice.gov/coronavirus and https://www.justice.gov/coronavirus/combatingfraud.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud  Hotline via the NCDF Web Complaint Form.

    MIL Security OSI –

    July 2, 2025
  • MIL-OSI: 38/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 38 / 2025
    Schindellegi, Switzerland – 1 July 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

            Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 131,724 89.36 11,771,127
    30 June 2025 1,800 92.95 167,310
    Accumulated 133,524 89.41 11,938,437
           

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/. The number of shares bought back on 12 June 2025 was corrected from 1,900 to 1,800.

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 133,524 at a total amount of DKK 11,938,437.
    On 25 March, 25 April, 23 May and 25 June 2025, 5,739 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April and 30 June 2025, 20,306 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 363,808 treasury shares, corresponding to 1.8%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,381,091.

    This concludes the share buyback program.

    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork (Nasdaq Copenhagen: TRIFOR) is a pioneering global technology company, empowering enterprise and public sector customers with innovative digital products and solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Learn more at trifork.com.

    Attachment

    • 250701_TH CA Share Buyback_vf

    The MIL Network –

    July 2, 2025
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