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  • MIL-OSI: Unaudited Interim Results

    Source: GlobeNewswire (MIL-OSI)

    19 June 2025

    HARGREAVE HALE AIM VCT PLC
    (the “Company”)

    Unaudited Interim Results

    The Company announces its half-year results for the six months ended 31 March 2025.

    These half-year results will be available on the Company’s website at  https://www.hargreaveaimvcts.co.uk/document-library/.

    In accordance with UK Listing Rule 6.4.1, a copy of this document will also be submitted to the UK Listing Authority via the National Storage Mechanism and will be available for viewing shortly at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Additionally, the interim report can also be found here:  HHV 2025 Interim Report

    Financial highlights

    Net asset value (NAV) per share   NAV total return   Tax free dividends paid in the period   Share price total return   Ongoing charges ratio
    34.48p   -8.19%   2.75   -6.28%   2.45%
    • £3.6m invested in Qualifying Companies in the period.
    • 92.29% invested by VCT tax value in Qualifying Investments at 31 March 2025.
    • Offer for subscription launched on 9 October 2024 to raise up to £20m. At the date of this report 14m Shares have been issued raising gross proceeds of £5.4m.
    • Final dividend of 1.25 pence and special dividend of 1.50 pence per Share paid 14 February 2025.
    • Interim dividend of 0.75 pence and special dividend of 0.50 pence per Share approved by the Board.
    Summary financial data Six months

    ending

    31-Mar-25

    		 Six months

    Ending

    31-Mar-24

    		 Year

    ending
    30 Sept-24
    NAV (£m) 126.75 155.74 148.01
    NAV per Share (p) 34.48 43.64 40.55
    NAV total return (%) -8.19 -2.59 -3.86
    Market capitalisation (£m) 124.25 150.60 142.34
    Share price (p) 33.80 42.20 39.00
    Share price discount to NAV per Share (%) 1.97 3.30 3.82
    Share price 5 year average discount to NAV per Share (%) -5.52 -5.83 -5.79
    Share price total return (%) -6.28 1.63 0.00
    Loss per Share for the period (p) -3.39 -1.22 -1.86
    Dividends paid per Share (p) 2.75 1.50 4.00
    Ongoing charges ratio (%) 2.45 2.45 2.43

    Investment Manager’s report

    Overview

    What would Harold Wilson, who famously quipped that a week was a long time in politics, have made of the extraordinary times we are living through? If JD Vance’s Munich speech signalled that the new administration was unconstrained by red lines, established protocols or strategic alliances, few truly anticipated the confusion and chaos that would follow on ‘Liberation Day’.

    The tumultuous reaction to Trump’s Rose Garden speech reflected the upending of the principles that had underpinned global trade for decades. Uncertainty swept through markets as analysts assessed the implications for the global economy, a task that was made considerably more difficult by the rapidly evolving nature of the proposed tariff regime and, more broadly, US trade policy. With future outcomes very difficult to predict and price in, significant volatility emerged in a huge range of financial assets. In the medium term, there are potentially profound implications for the value of invested capital as companies review their business models and supply chains.

    Spectacular as this has been, the impact on AIM has been relatively muted. Whilst risk assets in the US were overdue a correction, the same was not true of companies listed on AIM. The early part of the financial year was difficult with the 2024 UK Autumn Budget preceded by some unhelpfully stark messaging from the government. GDP, employment reports and PMI surveys all highlighted a notable softening in the UK economy through the second half of the 2024 calendar year. Measures of UK consumer and business confidence dipped, suggesting that households and companies were becoming increasingly cautious. Both the Office for Budget Responsibility and Bank of England reduced their GDP forecasts for 2025.

    Although UK fiscal policy is seen as being negative to growth and positive for inflation, a very significant increase in public spending is expected to support a pick up in UK economic activity in 2025 with the market consensus for GDP growth in 2025 currently +1.0%. While the Bank of England is currently forecasting 3.5% inflation in 2025, significantly above the 2.0% target, the downside risks to the global economy that have subsequently emerged, along with falling energy prices, are expected to reduce CPI to comfortably below 3.0% by early 2026. As a result, the outlook for interest rate cuts has significantly improved with the market now pricing in up to four interest cuts in 2025. For context, the market was expecting just one cut as we entered into 2025.

    You might reasonably expect all of this to heap more selling pressure onto UK equities. Whilst that was the case within the period under review, it is not so more recently. Although the constantly evolving narrative threatens to undermine the current dynamic, as it stands UK equity markets are going through a mini renaissance. As we have previously observed, UK markets are cheap, both in relative and absolute terms. As the US economy falters and the US exceptionalism narrative comes under pressure, investors are starting to look elsewhere. With a high weighting to more defensive companies, an expectation that the UK economy should emerge relatively unscathed from the new tariff regime, stable politics and low valuations, there is clear interest in UK equities from investors rotating away from US equities. This is yet to result in fund inflows to the IA UK Small Cap sector; however, the flow picture has improved. For now, at least, the market’s focus has shifted away from UK fiscal policy to international trade and the impact of tariffs.

    Returning to events within the six months to 31 March 2025, we regrettably report that AIM was again notably weak, with the Deutsche Numis Alternative Market (ex IC) returning -7.51% over the period on a total return basis. This was not specific to AIM, the domestically focused FTSE 250 Index also endured a difficult period as business and financial markets returned a withering assessment of the 2024 Autumn Budget. Ultimately, pressure on UK government borrowing costs forced the Chancellor to announce spending cuts in her 2025 Spring Statement. More will need to be done and we expect the government to come forward with new initiatives to promote growth, contain spending and/or increase taxes. It will be a difficult balancing act.

    Performance 

    In the six months to 31 March 2025 the unaudited NAV per Share decreased from 40.55 pence to 34.48 pence. A final dividend for FY24 of 1.25 pence and a special dividend of 1.50 pence were paid on 14 February 2025, giving a NAV total return to Shareholders of -3.32 pence per Share, which translates to a loss of -8.19%.

    The Qualifying Investments made a net contribution of -2.70 pence per Share whilst the Non-Qualifying Investments returned -0.25 pence per Share. The contribution to net asset performance is split out in further detail below.

    Qualifying Investments 

    Positive Contributors 

    In November 2024, Aquis Exchange (+95.8%, +£1.71m) received a takeover offer from its larger Swiss peer SIX Exchange at 727p, equivalent to an enterprise value of £194m. The offer price, which was at a 120% premium to the previous closing price and slightly above the 2021 share price high, resulted in an exit multiple of 4.7x book cost. The deal was approved by Aquis shareholders on 18 December 2024 and is expected to complete in July 2025.

    Shares in Cohort (+26.1%, +£1.12m) continued to perform strongly as European nations announced plans to significantly boost defence spending. The UK government announced plans to increase spending to 2.5% of GDP by 2027, an additional spend of £13.4bn p.a. from current levels. The company announced its subsidiary MASS Consultants received a two-year extension to its Joint Command and Staff Training contract for UK Strategic Command worth over £17.5m. Cohort also completed the acquisition of Australian-based satellite communications company EM Solutions.

    Oberon Investment Group (+43.3%, +£0.49m) raised a further £2.5m in February 2025, providing additional investment to accelerate growth across corporate broking, wealth management and fund management. We used the opportunity to increase our investment in the company. H1 2025 results showed revenue growth of 78% to £4.8m, coupled with a reduction in EBITDA losses. Current trading remains positive with like for like revenue growth of over 30% expected for FY25 (March YE).

    Ilika (+56.5%, +£0.48m) continued to make technical progress with Goliath, its solid state battery technology for electric vehicles (EV). In partnership with the UK Battery Industrialisation Centre, the company built a prototype battery using industrial equipment and processes, demonstrating the scalability of key steps in the manufacturing process. Goliath has achieved energy density parity with current lithium-ion cells, successfully reached its D6 milestone of testing 10Ah cells, and expects to achieve minimum viable product for EV applications within 2026. The company also successfully completed the transfer of its Stereax micro-battery production to US-based partner Cirtec Medical and expects this partnership to generate revenues in H2 2025.

    Intelligent Ultrasound (+30.0%, +£0.41m) received a takeover offer from Swedish medical simulation company Surgical Science at 13p in December 2024. The transaction valued Intelligent Ultrasound at an enterprise value of £4.7m. Adjusting for the sale of the Clinical-AI business to GE Healthcare in October 2024 for £40.5m, the offer placed a relatively low value on the simulation division. Whilst we voted against the scheme due to the low valuation, the transaction was approved by shareholders on 6 February 2025 and completed on 18 February 2025.

    Negative Contributors 

    Despite reductions to its overheads, a difficult retail environment undermined Kidly (-100.00%, -£1.26m) in its attempts to establish a fundable pathway to profitability. Kidly was placed into administration on 4 March 2025 following a formal sales process. Although the company was subsequently sold from administration, the proceeds did not result in any recoverable value to the Company.

    Zoo Digital (-74.3%, -£1.14m) issued a disappointing year-end trading update with FY25 revenues growing 24% to $50.5m (consensus: $55m) and EBITDA of at least $1m. Cash was also below expectations at $1m. Whilst the film and TV industry has begun to recover from the 2023 strikes, the company has been impacted by project delays and cancellations as streaming platforms continue to evaluate their commercial models.

    On 31 March 2025, Equipmake (-40.0%, -£0.93m) announced a £5m strategic investment from Caterpillar Ventures and a development agreement with Caterpillar. We view this outcome as a significant achievement for a company that was operating with limited working capital . The company also announced a development agreement with JCB, and post period-end, a £650,000 development agreement with CorPower Ocean. A new CFO was appointed.

    Team Internet (-54.8%, -£0.86m) shares fell sharply in Q4 2024 as the company announced that revenues at a recently acquired online marketing business, Shinez would fall short of expectations. This was followed by the negative news in Q1 2025 when the company announced that 2025 would be impacted by changes being made by Google, with a major impact on revenues in the company’s online marketing business. The company also confirmed that it was no longer in talks regarding a potential takeover offer. The year end trading update confirmed 2024 net revenues of $188m (-2% vs prior year) and an operating profit of $8.2m following a $36m impairment to the value of Shinez.

    Eagle Eye (-21.3%, -£0.85m) issued a profit warning in January 2025, cautioning that FY25 revenues would be below market expectations due to lengthening sales cycles. The warning was exacerbated by the company’s decision to make a strategic shift away from professional services work. More promising was the announcement of a major new partnership with a large software vendor where Eagle Eye will be directly integrated into the vendor’s product. Whilst this opportunity will take time to generate revenues, the partnership could become a very material profit generator in time. H1 2025 results reported revenues of £24.2m (unchanged year on year), and adjusted EBITDA of £5.9m.

    Recurring revenue represented 82% of the total with annual recurring revenue increasing by 16% to £41m. The company continues to benefit from a strong balance sheet with net cash of £11.7m.

    Non-qualifying Investments

    Within the non-qualifying portfolio, the IFSL Marlborough UK Micro-Cap Growth Fund and IFSL Marlborough Special Situations Fund declined by £1.27m over the period. We reduced our investments in both to release liquidity ahead of scheduled dividend payments.

    Within the non-qualifying direct equities portfolio, the weaker outlook for the UK economy following the 2024 Autumn Budget impacted WH Smith and Hollywood Bowl. Bodycote struggled with weak end markets, notably automotive and aerospace, and we sold the position. BAE Systems performed well as the outlook for defence spending in the UK and Europe strengthened and TP ICAP rose as the company announced plans to spin-out its data business Parameta Solutions alongside good results. We exited BAE Systems and took profits in Chemring following strong share price performance and initiated a new position in Trustpilot. The direct equity holdings returned -£0.14m (-1.3%). The losses were offset by gains in the non-qualifying fixed income portfolio, which returned +£0.35m.

    We released £0.99m of liquidity through the sale of the Next 3.0% 2026 bond, again to support scheduled dividend payments. The average maturity of the current portfolio of six investment grade corporate bonds is just over two years with an average yield to maturity of 4.9%. This part of the Company’s portfolio is expected to generate annual income of approximately £0.85m.

    Portfolio structure 

    The VCT is comfortably through the HMRC defined investment test and ended the period at 92.29% invested as measured by the HMRC investment test.

    The market for new Qualifying Investment remained very subdued with just two VCT qualifying IPOs within the 12 months to 31 March 2025. Within the period under review, AIM VCTs invested £27.2m across 17 companies. We were measured in our deployment of capital, investing £3.6m into five companies. The new Qualifying Investments included follow on investments into Rosslyn Data Technologies and Oberon Investments Group. We invested in one IPO, RC Fornax, in addition to two new equity investments into existing AIM companies, Feedback and IXICO.

    Feedback. The company provides software solutions for the NHS which deliver secure, compliant clinical workforce tools and data management. The company’s flagship product, Bleepa, is a secure, cloud-based platform that enables healthcare professionals to share and view medical images, as well as notes and other records between primary and secondary care settings. The company has secured partnerships with both a primary care record provider and an IT consultancy to implement the solution. The VCT invested as part of a £6.1m fundraise in November 2024.

    IXICO. The company is a contract research organisation which provides tech-enabled imaging analysis services to pharma companies conducting clinical trials in neurological diseases, with a focus on Huntingdon’s disease, Alzheimer’s disease and Parkinson’s disease. The company has a network of more than 1,000 qualified sites and currently works with 18 pharma clients across 26 studies. The VCT invested as part of a £4m fundraise in October 2024.

    RC Fornax. The company is an engineering consultancy founded by former RAF engineers which serves the defence industry. The VCT invested as part of the AIM IPO in February 2025 which raised £3.7m.

    Within the qualifying portfolio, we exited through takeover Equals Group, Intelligent Ultrasound and Learning Technologies Group. The Equals Group exit valuation of £277m resulted in a gain of 141% over book cost. The Learning Technologies Group exit valued the company at £858m, a gain of 376% over book cost. We also sold our investments in Gfinity and Surface Transforms following poor performance and reduced our holding in Cohort following a period of strong share price performance.

    By market value, the VCT had an increased 58.4% (Sep 24: 56.0%) weighting to Qualifying Investments, an increased 14.2% (Sep 24: 12.9%) weighting to non-qualifying fixed income, a reduced combined 11.9% (Sep 24: 13.4%) weighting to the IFSL Marlborough UK Micro-Cap Growth Fund and IFSL Marlborough Special Situations Fund following disposals, and a reduced 7.3% (Sep 24: 8.1%) weighting to non-qualifying direct equities. New investment into Qualifying Companies and the return of capital through dividend distributions resulted in a reduced weighting to cash of 7.6%(1) (Sep 24: 9.3%(1)) of net assets despite inflows from the offer for subscription and the sale of Qualifying and Non-Qualifying Investments.

    The HMRC investment tests are set out in Chapter 3 of Part 6, ITA , which should be read in conjunction with this Investment Manager’s report. Funds raised by VCTs are first included in the investment tests from the start of the accounting period containing the third anniversary of the date on which the funds were raised. Therefore, the allocation of Qualifying Investments as defined by the VCT Rules can be different to the portfolio weighting as measured by market value relative to the net assets of the VCT.

    Outlook

    Although tail risks remain, broadly speaking the US appears to be inching towards a more moderate and workable position on trade policy. Whilst equity markets have quickly moved to price in a benign outcome, other measures such as borrowing costs and exchange rates continue to signal concern about the medium and long term impact on the US. Historically, this would be perceived as a major risk for the global economy; however, in a multi-polar world, there is potential for a moderate decoupling.

    Back at home, the government has completed two reviews that have shown increased support for defence, healthcare and housebuilding. We have good exposure to the first two. There continues to be much discussion about the outlook for the UK as a leading financial hub and the manner in which we support our growth companies. This debate will continue for some time; however, we draw comfort from the level of engagement by a variety of stakeholders. Greater and more coordinated support for the broader growth ecosystem, even if in areas that are adjacent to where we operate, will provide welcome second order benefits.

    This has fed through to AIM, which has been strongly positive since the post ‘Liberation Day’ correction with the index moving higher as investors react to the growth and value opportunity. It remains too early to comment on the durability of the rally but the foundations are being laid. Whilst government spending, as recently outlined, will support the UK growth story for several years to come; we will need to wait until the 2025 Autumn Budget to see whether this is offset by further changes to tax policy.

    We continue to see signs that deal flow is improving, albeit slowly. UK fund flows remain negative; that is the missing piece that must fall into place before investors can finally feel that a corner may have been turned.

    END

    For further information, please contact:

    Canaccord Genuity Asset Management
    Oliver Bedford    		  +44 20 7523 4837
    JTC (UK) Limited
    Uloma Adighibe
    Alexandria Tivey    		 HHV.CoSec@jtcgroup.com
    +44 203 832 3877
    +44 203 832 3891

    LEI: 213800LRYA19A69SIT31        

    The MIL Network –

  • MIL-OSI: Interim and Special Dividend Announcement

    Source: GlobeNewswire (MIL-OSI)

    19 June 2025

    HARGREAVE HALE AIM VCT PLC
    (the “Company”)

    Interim and Special Dividend Announcement

    Further to the announcement of the unaudited interim results of the Company for the six month period ending 31 March 2025, the Company declares its interim dividend payment of 0.75 pence per share and a special dividend of 0.50 pence per share, as timetabled below:

    Ex-Dividend Date: 26 June 2025
    Record Date: 27 June 2025
    Payment Date 25 July 2025

    The last date for receipt of elections in respect of the Dividend Re-investment Scheme (“DRIS”) is 11 July 2025 and a further announcement on the DRIS will be released in due course.

    END

    For further information, please contact:

    Canaccord Genuity Asset Management
    Oliver Bedford     		  

    +44 20 7523 4837
    JTC (UK) Limited
    Uloma Adighibe
    Alexandira Tivey    		 HHV.CoSec@jtcgroup.com
    +44 203 832 3877
    +44 203 832 3891

    LEI: 213800LRYA19A69SIT31        

    The MIL Network –

  • Government signs MoU to boost inclusive education for PwDs

    Source: Government of India

    Source: Government of India (4)

    The Department of Empowerment of Persons with Disabilities on Wednesday signed a tripartite agreement with the National Institute of Open Schooling (NIOS) and the National Council of Educational Research and Training (NCERT) to enhance inclusive education for Persons with Disabilities (PwD).

    The event, held in New Delhi, was presided over by Union Minister for Social Justice and Empowerment Dr. Virendra Kumar and Union Minister for Education Dharmendra Pradhan.

    The collaboration aims to establish a framework that promotes education for persons with disabilities, in line with the Rights of Persons with Disabilities Act, 2016, and the National Education Policy (NEP) 2020. This initiative seeks to build an inclusive educational ecosystem that provides equitable learning opportunities across the country.

    Under the terms of the agreement, NIOS will set up Special Accredited Institutions for Education of the Divyangjan (SAIEDs). These will recognize special schools managed by NGOs funded through DEPwD’s Deendayal Divyangjan Rehabilitation Scheme (DDRS).

    The SAIEDs will provide a range of educational programs, including Open Basic Education (Levels A, B, and C), Secondary, Senior Secondary, and vocational courses. NIOS will oversee admissions, examination registration, distribution of self-learning materials (SLMs), and issuance of ID cards, hall tickets, and certificates. The institute will also ensure that students with disabilities receive necessary accommodations and exemptions during examinations.

    Complementing these efforts, NCERT will review and modify curricula and textbooks to align with the teaching methods outlined in the NEP 2020. The aim is to ensure that learning materials are relevant, accessible, and inclusive for students with disabilities.

    Addressing the MoU signing ceremony, Dr. Kumar highlighted the untapped potential of children with disabilities, saying, “When given the right platform, they can illuminate society with their talents.” He reiterated Prime Minister Narendra Modi’s vision of equal educational access for every child in the country. “This MoU is a strong step in that direction. Inclusive education for children with disabilities is not merely an option but a right,” Dr. Kumar said.

    Pradhan emphasized the transformative power of education, noting that NEP 2020 aims to provide equal educational opportunities to all. He urged society to foster greater awareness and sensitivity towards disability.

    The education minister also highlighted recent technological advancements that cater to the specific needs of persons with disabilities. Furthermore, he announced a mission-mode initiative to equip schools across states with accessible toilet facilities within the coming year, ensuring no child drops out due to lack of basic infrastructure.

    Speaking at the event, Rajesh Aggarwal, Secretary of DEPwD, stressed education’s critical role in the lives of children with disabilities. He expressed the government’s commitment to this cause, noting encouraging signs such as children with disabilities pursuing science education and aspiring to enter premier institutes like IITs and IIMs.

    Aggarwal also praised NIOS for introducing Indian Sign Language as a subject at the secondary level, reflecting the government’s dedication to building an inclusive society.

    Sanjay Kumar, Secretary of the Department of School Education and Literacy (DoSEL), reiterated the collective goal of ensuring every child with a disability completes their school education. He affirmed that NIOS, DEPwD, and NCERT are working together to drive transformational change for children with disabilities.

    To ensure smooth coordination and implementation of the MoU, a Joint Coordination Committee (JCC) comprising representatives from all three signatories will be constituted. The committee will monitor progress, address operational challenges, and ensure timely achievement of the partnership’s objectives.

  • Government signs MoU to boost inclusive education for PwDs

    Source: Government of India

    Source: Government of India (4)

    The Department of Empowerment of Persons with Disabilities on Wednesday signed a tripartite agreement with the National Institute of Open Schooling (NIOS) and the National Council of Educational Research and Training (NCERT) to enhance inclusive education for Persons with Disabilities (PwD).

    The event, held in New Delhi, was presided over by Union Minister for Social Justice and Empowerment Dr. Virendra Kumar and Union Minister for Education Dharmendra Pradhan.

    The collaboration aims to establish a framework that promotes education for persons with disabilities, in line with the Rights of Persons with Disabilities Act, 2016, and the National Education Policy (NEP) 2020. This initiative seeks to build an inclusive educational ecosystem that provides equitable learning opportunities across the country.

    Under the terms of the agreement, NIOS will set up Special Accredited Institutions for Education of the Divyangjan (SAIEDs). These will recognize special schools managed by NGOs funded through DEPwD’s Deendayal Divyangjan Rehabilitation Scheme (DDRS).

    The SAIEDs will provide a range of educational programs, including Open Basic Education (Levels A, B, and C), Secondary, Senior Secondary, and vocational courses. NIOS will oversee admissions, examination registration, distribution of self-learning materials (SLMs), and issuance of ID cards, hall tickets, and certificates. The institute will also ensure that students with disabilities receive necessary accommodations and exemptions during examinations.

    Complementing these efforts, NCERT will review and modify curricula and textbooks to align with the teaching methods outlined in the NEP 2020. The aim is to ensure that learning materials are relevant, accessible, and inclusive for students with disabilities.

    Addressing the MoU signing ceremony, Dr. Kumar highlighted the untapped potential of children with disabilities, saying, “When given the right platform, they can illuminate society with their talents.” He reiterated Prime Minister Narendra Modi’s vision of equal educational access for every child in the country. “This MoU is a strong step in that direction. Inclusive education for children with disabilities is not merely an option but a right,” Dr. Kumar said.

    Pradhan emphasized the transformative power of education, noting that NEP 2020 aims to provide equal educational opportunities to all. He urged society to foster greater awareness and sensitivity towards disability.

    The education minister also highlighted recent technological advancements that cater to the specific needs of persons with disabilities. Furthermore, he announced a mission-mode initiative to equip schools across states with accessible toilet facilities within the coming year, ensuring no child drops out due to lack of basic infrastructure.

    Speaking at the event, Rajesh Aggarwal, Secretary of DEPwD, stressed education’s critical role in the lives of children with disabilities. He expressed the government’s commitment to this cause, noting encouraging signs such as children with disabilities pursuing science education and aspiring to enter premier institutes like IITs and IIMs.

    Aggarwal also praised NIOS for introducing Indian Sign Language as a subject at the secondary level, reflecting the government’s dedication to building an inclusive society.

    Sanjay Kumar, Secretary of the Department of School Education and Literacy (DoSEL), reiterated the collective goal of ensuring every child with a disability completes their school education. He affirmed that NIOS, DEPwD, and NCERT are working together to drive transformational change for children with disabilities.

    To ensure smooth coordination and implementation of the MoU, a Joint Coordination Committee (JCC) comprising representatives from all three signatories will be constituted. The committee will monitor progress, address operational challenges, and ensure timely achievement of the partnership’s objectives.

  • MIL-OSI Russia: What to do this coming weekend at the Summer in Moscow project sites

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The events of the large-scale project “Summer in Moscow” continue in the capital. We tell you where you can go with your whole family on June 20, 21 and 22. Most events are free to attend, but some require registration.

    Rock, Paper, Scissors Championship

    A large-scale championship in the game “Rock, Paper, Scissors” is held at the project sites. Every day, children and adults can compete on Tverskoy Boulevard.

    On June 20, the game will be held in Severnoye Butovo Park (Feodosiyskaya Street, Building 7, Building 6). On June 21, you can play on the Moskovskikh Sezonov site on Teply Stan Street (Building 1b). On June 22, the competition will be held in Akademichesky Park (Dmitrya Ulyanov Street, Building 9a, Building 1). The sites will be open from 15:00 to 20:00.

    Tournament “Heroes of the Chessboard. Moscow”

    On June 22 from 12:00 to 16:00 the next competitions of the tournament “Heroes of the Chessboard. Moscow” will take place. To participate you need to register.

    An open series of blitz chess tournaments is taking place at40 sites all over Moscow – in parks, on boulevards and in the districts.

    Tverskoy Boulevard: Summer Club “Moscow”

    On Tverskoy Boulevard, there is a summer club called “Moscow”, where residents and guests of the capital of all ages can find an event to their liking. They are offered rock climbing and yoga classes, master classes, lectures and much more.

    From June 20 to 22, guests will be able to take part in beauty events dedicated to the graduation party. The space of two pop-up stores will be occupied by Russian brands. In addition, three beauty trucks will be operating on the site. All guests will be offered discounts, gifts, yoga classes, presentations, a photo and video zone with floral elements. And for graduates, a master class on creating perfume will be held.

    Strastnoy Boulevard: Art Studio venue

    The “Art Studio” site operates on Strastnoy Boulevard. Here, professionals help guests master the basics of painting and create unique masterpieces. Participants in outdoor classes paint landscapes and still lifes in various artistic techniques.

    Master classes will be held at two sites every hour from 12:00 to 19:00. On June 20, you can attend watercolor painting classes “Flower Stained Glass” and “Fruit Slices”. On June 21, there will be master classes in pastel technique “Dandelion Field” and “Colorful Houses”. On June 22, guests are invited to master classes in pencil drawing “Summer Pop Art” and “Sunny Day”.

    Music of the past at the vintage market in Kolomenskoye

    The vintage market in Kolomenskoye will be open all summer and will bring together the most famous collectors of the capital, who bring here precious relics of the past: jewelry, household items, figurines, dishes, badges, coins, stamps, rare books and much more.

    From June 20 to 22, guests at the market will learn what the USSR era sounded like and get acquainted with the musical technology of the past.

    The journey through time will take place under the atmospheric sound of gramophone records. Guests of the vintage market will be delighted by the famous radio amateur and blogger Nikita Sharapa, better known as Elektronik, one of the main participants of the project “Made in the USSR”.

    At Nikita Sharapa’s master classes, which will be held these days at 16:00, visitors will learn how gramophones, radios and record players work and how tube sound differs from modern technology. Guests will hear that very crackling of records and the characteristic “warm” analog sound that evokes nostalgia. Nikita will tell you what kind of music devices were created in the USSR and what hits of those times were played on them in every home.

    Chistoprudny Boulevard: “Street. Dances” venue

    On Chistoprudny Boulevard, the “Street. Dances” venue has opened, where master classes for the whole family are held. On weekends, the “Summer in Moscow. Dances” children’s and youth tournament is held here, and anyone can become a spectator.

    On the big stage on June 20 from 18:00 to 19:00 there will be a demonstration performance by the dance group Todes, from 19:00 to 22:00 – a master class in bachata and a dance party. On the same day on the middle stage from 19:00 to 22:30 you can attend a master class in salsa and a dance party.

    On June 21, the main stage will host a qualifying round of children’s competitions from 12:00 to 19:00, and a salsa master class and dance party from 19:00 to 22:30. On the middle stage, from 16:00 to 17:00, you can take part in a master class of the dance community “TantsBaza”. From 19:00 to 22:30, there will be a master class in modern swing and a party of the dance school “Lisoborie”.

    On June 22, from 6:00 PM to 7:00 PM, students of the musical theater of the Russian Institute of Theater Arts — GITIS will perform songs from the war years on the rotunda stage. On the main stage, from 4:00 PM to 6:00 PM, there will be a master class in Argentine tango by the CyberTango dance school, from 6:00 PM to 7:00 PM — demonstration performances by the Todes dance group, from 7:00 PM to 10:30 PM — a salsa master class and a dance party. On the middle stage, from 5:00 PM to 7:00 PM, there will be a master class by the 9 Halls dance school, from 7:00 PM to 10:30 PM — a master class in Dominican bachata and a dance party.

    Bolotnaya Square

    The Green Market pavilion of the Made in Moscow project is open in Repinsky Square on Bolotnaya Square. On June 20, from 6:00 p.m. to 8:30 p.m., test session cosmetics of the capital brand. The factory employees will tell you how to use them and let you test samples.

    On June 21, at 15:00, the Creative hub will host a lesson on making a wax candle, at 16:00 — a meditative lesson on coloring a mandala, and at 17:00 — a unique master class on fashion illustration. At 19:00, everyone will be able to take part in neurographics, where everyone will project their task on a piece of paper using a drawing.

    At the “Microgreens” class in the “Razvitie” hub from 17:00 to 18:00, participants will be taught how to grow microgreens and told about their beneficial properties. At 18:00, a lettering master class will begin. On the veranda from 14:00 to 15:00, Spirit.Fitness will hold a sports master class to develop endurance and flexibility of the body. And at 18:00, the popular game “Mafia” will take place.

    Revolution Square: Leto Department Store

    This summer, the department store of Russian designers “Leto” is open on Revolution Square. Everyone can not only try on clothes they like and update their wardrobe, but also listen to lectures, take part in master classes and even watch performances.

    On June 21 from 4:00 PM to 5:30 PM you can listen to a lecture on “The History of Flower Etiquette”. Guests will learn about the importance of flowers in the life of Russian society and the bouquet fashion of the 19th century.

    From 18:00 to 19:30 there will be a master class oninterior bouquet Ksenia Mezentseva, designer-decorator, researcher of Russian and foreign traditions, and the Sota flowers floristic team.

    Festival “Book in the City”: venue in Pushkin Square

    On June 21 from 20:40 to 21:30, cellist Anastasia Vesnina will perform at the “Book in the City” venue in Pushkin Square (near house 2 on Pushkin Square).

    On June 22 from 16:00 to 17:00 there will be a presentation of the book “Letters of Lidochka M”. The collection-document tells about Lida Makeeva, a young reader of the library, whose childhood fell on the years of the Great Patriotic War. On the same day from 18:00 to 19:00 there will be a creative meeting with the actor of theater and cinema Anton Shagin and a presentation of his book “Neblyandiya. Poems for children”.

    Circus divertissements

    On June 20, 21 and 22, there will be circus entertainment for the whole family. Aerial gymnasts, equilibrists, jugglers, clowns and four-legged artists will perform for guests in the Moskino Cinema Park and Izmailovsky Park. Also on June 20, the third tent will open in the Yuzhnoye Butovo Landscape Park. Spectators will be able to see acrobatic numbers, clown skits and exciting stunts with the participation of artists from the famous Bolshoi Moscow Circus on Vernadsky Avenue.

    The performances will run throughout the summer season. On Fridays, performances are from 7:00 PM to 8:30 PM, and on Saturdays and Sundays, from 2:00 PM to 3:30 PM and 6:00 PM to 7:30 PM. You can find out more and buy tickets atofficial website project.

    Yoga classes

    On June 21, fans of the most popular Eastern health practice will gather at the helipad near the Michurinsky Garden of VDNKh to celebrate the XI International Day of Yoga.

    From 09:00 to 19:00 there will be sessions for visitors of any level of training, master classes on drawing mandalas and playing the hang, lectures on Ayurveda and meditation, as well as live performances by musicians. Creative events and dishes of traditional Indian cuisine will complement the festive atmosphere. To visit, you must register on the portal Ruspass.

    In addition, yoga classes are held every weekend on the roofs of the district centers “Meeting Place” as part of the project “My Sports District”Adults over 18 years of age can join them.

    The training sessions will be held at 12 sites in five districts of Moscow: SAO — “Meeting Place “Prague”, “Meeting Place “Rassvet”, “Meeting Place “Neva””; VAO — “Meeting Place “Yantar”, “Meeting Place “Sofia”, “Meeting Place “Budapest”, “Meeting Place “Mars””; SAO — “Meeting Place “Elbrus”, “Meeting Place “Angara”, “Meeting Place “Orbita””; YuVAO — “Meeting Place “Height” and “Meeting Place “Ekran””. On June 21, the classes will begin at 11:45. It is necessary register.

    The project also invites you to engage in physical education in unusual places “Sports Weekend”. Yoga classes are held on Saturdays at 50 venues, including such picturesque places as the Vorontsovo Estate, the Hermitage Garden, Khodynka Field Park, the Muzeon Arts Park, Victory Park and others. In addition, the project includes 13 festival venues in different areas of Moscow. To attend the classes, you must register.

    Events in the parks

    In Izmailovsky Park of Culture and Leisure (Bolshoy Krug Alley, Building 7) on June 21 from 12:00 to 19:00 retro studio. Visitors will be able to feel like representatives of the 19th century nobility. They will be offered to try on images of bygone eras and take photos in costumes as a keepsake.

    A master class will be held in Kuzminsky Park (house 1, building 2) on June 21 from 12:00 to 14:00 “Noble accessories. Brooches”Participants will learn about the history of jewelry, its symbolism, and will also make an exquisite brooch under the guidance of a master.

    On June 21, from 12:00 to 19:00 (with breaks), the Kuzminki estate will host noble promenade. Guests will stroll through a picturesque park, discuss books they have read, and listen to romances with a guitar. They will be able to learn the rules of etiquette and learn fashionable social dances of the 19th century.

    On June 1, from 12:00 to 18:00, Vorontsov Park will host estate gamesVisitors can play lapta, croquet, badminton, gorodki and trinkets, and also visit the throwing range.

    The festival “Gardens and Vegetable Gardens” continues in five parks of the capital. This weekend, about 130 events and master classes have been prepared for visitors. A series of classes on making bookmarks and postcards with fresh flowers, clay panels with plant prints and ecobombing (making balls with seeds that can be taken with you and planted in any convenient place) will be held for children. In addition, a practical lesson “Microgreens” will be held. Experienced experts will also share simple techniques, useful tips and life hacks for a healthy lifestyle.

    Cinema park “Moskino”

    On June 21, from 12:00 to 19:00, the Moskino cinema park will host waltz, quadrille and polka dance lessons every hour. You can take part in them with an entrance ticket to the cinema park.

    You can immerse yourself in the world of film production by participating in the immersive quest performance “Film! Film! Film!” It will take place at the “Uyezdny Gorod” site on June 21 from 12:00 to 18:30 (sessions will be held every hour). Visitors will not only see how a film is shot, but will also complete a number of fun tasks, meet the director, producer and actors, and will be able to create their own masterpiece. Participation is included in the price of an entrance ticket to the cinema park.

    On June 22 at 12:00, the Moscow of the 1940s site will host the “We Remember” event, dedicated to the memory of the heroes of the Great Patriotic War. Guests will be able to spell out the word “remember” from red lanterns with lit candles and recall how exactly 83 years ago – on June 22, 1941 – the festive graduation morning was overshadowed by the news of Germany’s treacherous attack on the Soviet Union. At 12:15, there will be a minute of silence.

    In addition, on June 22 at 14:00, 16:00 and 18:00, as part of the Day of Remembrance and Sorrow, the cinema park will show the play “Tish” based on the story “The Dawns Here Are Quiet…” by war veteran writer Boris Vasiliev. The performers are the actors of the Young Muscovites Theatre. Admission is with a ticket to the cinema park.

    For the anniversary of Victory

    On June 21 and 22, two outstanding films about the Great Patriotic War will be shown in Zaryadye Park as part of the Cinema Summer in Zaryadye project: The Cranes Are Flying (1957) and Brest Fortress (2010). The screenings will begin at 22:15. The films will be presented by Honored Artist of Russia Vasily Mishchenko, as well as director, screenwriter, producer and People’s Artist of Russia Igor Ugolnikov. Admission is free.

    Also, as part of the Theatre Weekend festival, on June 22 in Zaryadye Park, on the stage of the large amphitheater, you can see plays and literary and musical productions based on plays by writers who fought in the war and dedicated to the 80th anniversary of victory in the Great Patriotic War. Actors from the Russian Academic Youth Theater will show the play “Amazement Before Life” based on the works of the writer and war veteran Viktor Rozov. Third-year students from the Moscow State Institute of Culture will perform the literary and musical composition “Frontline Brigades.” The play “On a Clear Day,” based on a story by Viktor Astafyev, will be presented by actors from the Donetsk Republican Youth Theater. Actors from the Moscow Sovremennik Theater will show fragments of the play “A Tale. The story of extraordinary love, and the students of the Moscow Art Theatre School will present the musical and literary program Russian Poets about the Great Patriotic War, which will feature works by Bulat Okudzhava, Alexander Tvardovsky, Andrei Voznesensky, Olga Bergolts, Vladimir Lugovskoy, Yunna Moritz and other authors. People’s Artist of Russia Konstantin Raikin will read the poem Snowfall by David Samoilov. The festival program will end with a concert by actors from the Central Academic Theatre of the Russian Army.

    Festival “Theatre Boulevard”

    On June 22 at 15:00, the amphitheater on Pokrovsky Boulevard will show the concert performance “It happened, the men left…” Actresses from the Moscow Drama Theater named after A.S. Pushkin will take part in the production.

    The project “Unconquered Kursk” will begin here on June 22 at 21:00. Guests will learn more than 200 real stories of veterans of the Battle of Kursk and modern defenders of the Fatherland.

    On June 22 at 8:00 pm, the amphitheater in the Polytech Museum Park will host the play “Children of War”. It is based on letters from children and parents from the front, archival materials and memories, into which war songs are woven.

    On the stage on Chistoprudny Boulevard on June 22 at 18:00 the performance-concert “May Waltz” will begin. It is dedicated to the artists of the front brigades who performed in dugouts, hospitals, factory workshops and on ships.

    The third festival “Theatre Weekend” will be held in Zaryadye Park on June 21 and 22. It will provide an opportunity to get acquainted with both recognized stage masters and talented debutants, opening up new horizons of theatrical art.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports programs are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155437073/

    MIL OSI Russia News –

  • MIL-OSI: SBM Offshore signs an operations and maintenance contract for FPSO GranMorgu with TotalEnergies

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, June 19, 2025

    SBM Offshore announces that it has signed an operations and maintenance contract with TotalEnergies EP Suriname B.V., an affiliate of TotalEnergies, for the FPSO GranMorgu, as part of the field development project located in Block 58 in Suriname.

    The operations and maintenance contract covers the operation readiness phase before first oil as well as the operations and maintenance services for a minimal period of two years after first oil with extension options.

    This contract reinforces SBM Offshore’s long-term strategic partnership with TotalEnergies and marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname. It is a testimony to SBM Offshore’s focus on excellence throughout the entire project’s lifecycle, from the allocation of our eighth Fast4Ward® MPF hull to our extensive experience in asset management supporting TotalEnergies’ operations.

            

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy. 
    More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.
    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025
    Full Year 2025 Earnings   February 26 2026
    Annual General Meeting   April 15 2026
    First Quarter 2026 Trading Update   May 7 2026

    For further information, please contact:

    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation

    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer

    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports – SBM Offshore.

    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.

    Attachment

    The MIL Network –

  • MIL-OSI USA: SPC Jun 19, 2025 0100 UTC Day 1 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

     For best viewing experience, please enable browser JavaScript support.

    Jun 19, 2025 0100 UTC Day 1 Convective Outlook

    Updated: Thu Jun 19 00:52:49 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 190052

    Day 1 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0752 PM CDT Wed Jun 18 2025

    Valid 190100Z – 191200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS FROM THE LOWER
    GREAT LAKES/OHIO VALLEY TO THE SOUTHERN PLAINS…

    …SUMMARY…
    Severe thunderstorms, with damaging winds, will spread across
    portions of the Ohio/Tennessee Valley region this evening. Isolated
    severe thunderstorms will also continue across portions of the Red
    River region of southern Oklahoma and North Texas.

    …01z Update…

    Notable mid-level height falls will spread across the lower Great
    Lakes/Ohio Valley overnight in response to a short-wave trough that
    will advance into MI-IL by the end of the period. Synoptically, LLJ
    is strengthening across the OH Valley ahead of the main surface
    front that extends from Lake MI-central IL-central MO. While the
    primary squall line has surged well ahead of the front into central
    OH/KY, scattered convection is gradually increasing along the front
    across MO/western IL. This activity may continue to increase as the
    boundary surges southeast later tonight. Otherwise, the lead squall
    line is expected to propagate into the upper Ohio Valley with an
    attendant threat of damaging winds.

    Farther southwest into the southern Plains, 00z soundings from both
    OUN and FWD exhibit minimal CINH with seasonally high PW values and
    strong MLCAPE (>3000 J/kg). Both soundings have adequate deep-layer
    shear for organized updrafts, but the Red River corridor should only
    experience weak low-level warm advection through the overnight
    period. Isolated severe thunderstorms will be the most likely
    scenario given the weak forcing along this portion of the boundary.

    ..Darrow.. 06/19/2025

    CLICK TO GET WUUS01 PTSDY1 PRODUCT

    .html”>Latest Day 2 Outlook/Today’s Outlooks/Forecast Products/Home

    MIL OSI USA News –

  • MIL-OSI USA: SPC MD 1360

    Source: US National Oceanic and Atmospheric Administration

    Mesoscale Discussion 1360
    NWS Storm Prediction Center Norman OK
    1108 PM CDT Wed Jun 18 2025

    Areas affected…portions of central Missouri

    Concerning…Severe potential…Watch unlikely

    Valid 190408Z – 190545Z

    Probability of Watch Issuance…5 percent

    SUMMARY…A couple instances of marginally severe hail may occur
    over the next couple of hours. A WW issuance is not expected.

    DISCUSSION…An embedded 500 mb impulse is overspreading MO,
    contributing to locally higher deep-layer shear (e.g. 40+ kts of
    effective bulk shear per 03Z mesoanalysis), as well as deep-layer
    ascent. As such, a few transient supercells have developed, with
    MRMS mosaic radar data suggesting that some of these storms are
    producing hail that is approaching severe limits. Mid-level lapse
    rates are not particularly steep, as shown by the 00Z SGF observed
    soundings, which depicts near 7 C/km mid-level lapse rates atop a
    stabilizing boundary layer. While an instance or two of 1+ inch
    diameter hail may be observed, the aforementioned tall/thin CAPE
    (with MLCAPE around 1000 J/kg) and modest deep-layer shear suggest
    that severe hail should be overall isolated. As such, a WW issuance
    is not expected.

    ..Squitieri/Smith.. 06/19/2025

    …Please see www.spc.noaa.gov for graphic product…

    ATTN…WFO…LSX…SGF…EAX…

    LAT…LON 37959434 38589392 38979245 38769109 38219066 37589103
    37339210 37379301 37569393 37959434

    MOST PROBABLE PEAK HAIL SIZE…UP TO 1.25 IN

    MIL OSI USA News –

  • MIL-OSI: Amundi Third-Party Distribution Investor Workshop: a powerful growth engine

    Source: GlobeNewswire (MIL-OSI)

    Amundi Third-Party Distribution Investor Workshop:
    a powerful growth engine

    Today, Amundi, the leading European Asset Manager1 with €2.25tn2 of assets under management, will hold a workshop for investors focused on its Third-Party distribution platform. The workshop will be led by Fannie Wurtz, Head of Distribution & Wealth, ETFs and Chair of Asia, Vincent Mortier, Group Chief Investment Officer and Guillaume Lesage, Group Chief Operating Officer.

    At Amundi, Third-party distribution covers the Group’s global activity with banking networks3, private banks & wealth managers, digital banks and platforms, asset managers as well as insurers and IFAs.

    This business has been the fastest-growing at Amundi in the past 4 years. Its assets under management have more than doubled since 2020 to reach €401bn at end-2024, achieving Amundi’s 2025 target one year ahead of plan.

    Its scalable platform now represents 18% of Amundi’s total assets and 57% of its retail Assets. The strong momentum during the 2021-2024 period – with net inflows of +€74bn – has continued in the first quarter of 2025 with a further +€8bn of net inflows.

    The attractive growth potential of the platform with all client types, in all countries is supported by market tailwinds and macro trends, but most of all by the differentiating expertise of Amundi.

    The continued success of the business line is underpinned by key market trends:

    • Increasing global financial wealth, expected to grow by +6% a year to reach $367tn in 2028;
    • Expansion of the private pensions market in Europe and Asia to support an ageing population;
    • Continued growth in the digital wealth segment;
    • Concentration of relationships with asset managers in favour of the large players offering a wide range of products and services.

    Amundi Third-party Distribution business line leverages Amundi’s core strengths – diversification, investment performance, partnership approach and technology and scale.

    It provides tailored solutions to serve, at best, the needs of more than 600 clients, in 27 countries, through its diversified capabilities:

    • Investment solutions, including active & treasury products, ETF & Index, structured products and Real Assets;
    • Model portfolios;
    • Servicing, marketing and training;
    • Technology and digital tools;
    • Wrapping solutions.

    Fannie Wurtz, Head of Distribution & Wealth & ETF Divisions, said:

    ‘Third-party distribution is a powerful growth engine that draws on Amundi’s core strengths. The combination of our scale, diversification and global reach, with our ability to provide tailored solutions and local support, allows us to address the end-to-end needs of a wide range of client types in this fast-growing segment of the retail market. Building on our successful results over the last four years, Amundi is well-placed to capitalise on long-term market trends and opportunities, and see further growth potential in 2025 and beyond.”

    This event will be held at Amundi London offices and webcast via Zoom, a replay will be available soon after the event at about.amundi.com, in the « Shareholders » section, along with the slides and transcript of the event.

    About Amundi

    As Europe’s leading asset manager among the world’s top 10 players1, Amundi offers its 100m clients – individuals, institutions and corporates – a full range of savings and investment solutions in active and passive management, in traditional and real assets. This offer is enriched with services and technological tools that cover the entire savings value chain. A subsidiary of the Crédit Agricole group, Amundi is listed on the stock exchange and currently manages more than €2.2tn in assets under management4.

    Its six international management platforms5, its financial and extra-financial research capacity, as well as its long-standing commitment to responsible investment make it a leading player in the asset management landscape.

    Amundi’s clients benefit from the expertise and advice of 5,700 professionals in 35 countries.

    Amundi, a trusted partner that acts every day in the interest of its clients and society.

    www.amundi.com  

    Press contacts:        
    Natacha Andermahr 
    Tel. +33 1 76 37 86 05
    natacha.andermahr@amundi.com 

    Corentin Henry
    Tel. +33 1 76 36 26 96
    corentin.henry@amundi.com

    Investor contacts:
    Cyril Meilland, CFA
    Tel. +33 1 76 32 62 67
    cyril.meilland@amundi.com 

    Thomas Lapeyre
    Tel. +33 1 76 33 70 54
    thomas.lapeyre@amundi.com 

    Annabelle Wiriath

    Tel. + 33 1 76 32 43 92

    annabelle.wiriath@amundi.com

    1        Source: IPE “Top 500 Asset Managers” published in June 2025 based on assets under management as of 31/12/2024
    2As of 31 March 2025
    3Excluding partner networks: Crédit Agricole/LCL, Société Générale, UniCredit, Banco Sabadell, Bawag, and the partners of our JVs State Bank of India, Agricultural Bank of China, Bank of China, South Korea’s NongHyup Bank and Morroco’s Attijariwafa Bank.
    4Amundi data as of 31/03/2025
    5Paris, London, Dublin, Milan, Tokyo and San Antonio (through our strategic partnership with Victory Capital)

    Attachment

    The MIL Network –

  • MIL-OSI: Amundi Third-Party Distribution Investor Workshop: a powerful growth engine

    Source: GlobeNewswire (MIL-OSI)

    Amundi Third-Party Distribution Investor Workshop:
    a powerful growth engine

    Today, Amundi, the leading European Asset Manager1 with €2.25tn2 of assets under management, will hold a workshop for investors focused on its Third-Party distribution platform. The workshop will be led by Fannie Wurtz, Head of Distribution & Wealth, ETFs and Chair of Asia, Vincent Mortier, Group Chief Investment Officer and Guillaume Lesage, Group Chief Operating Officer.

    At Amundi, Third-party distribution covers the Group’s global activity with banking networks3, private banks & wealth managers, digital banks and platforms, asset managers as well as insurers and IFAs.

    This business has been the fastest-growing at Amundi in the past 4 years. Its assets under management have more than doubled since 2020 to reach €401bn at end-2024, achieving Amundi’s 2025 target one year ahead of plan.

    Its scalable platform now represents 18% of Amundi’s total assets and 57% of its retail Assets. The strong momentum during the 2021-2024 period – with net inflows of +€74bn – has continued in the first quarter of 2025 with a further +€8bn of net inflows.

    The attractive growth potential of the platform with all client types, in all countries is supported by market tailwinds and macro trends, but most of all by the differentiating expertise of Amundi.

    The continued success of the business line is underpinned by key market trends:

    • Increasing global financial wealth, expected to grow by +6% a year to reach $367tn in 2028;
    • Expansion of the private pensions market in Europe and Asia to support an ageing population;
    • Continued growth in the digital wealth segment;
    • Concentration of relationships with asset managers in favour of the large players offering a wide range of products and services.

    Amundi Third-party Distribution business line leverages Amundi’s core strengths – diversification, investment performance, partnership approach and technology and scale.

    It provides tailored solutions to serve, at best, the needs of more than 600 clients, in 27 countries, through its diversified capabilities:

    • Investment solutions, including active & treasury products, ETF & Index, structured products and Real Assets;
    • Model portfolios;
    • Servicing, marketing and training;
    • Technology and digital tools;
    • Wrapping solutions.

    Fannie Wurtz, Head of Distribution & Wealth & ETF Divisions, said:

    ‘Third-party distribution is a powerful growth engine that draws on Amundi’s core strengths. The combination of our scale, diversification and global reach, with our ability to provide tailored solutions and local support, allows us to address the end-to-end needs of a wide range of client types in this fast-growing segment of the retail market. Building on our successful results over the last four years, Amundi is well-placed to capitalise on long-term market trends and opportunities, and see further growth potential in 2025 and beyond.”

    This event will be held at Amundi London offices and webcast via Zoom, a replay will be available soon after the event at about.amundi.com, in the « Shareholders » section, along with the slides and transcript of the event.

    About Amundi

    As Europe’s leading asset manager among the world’s top 10 players1, Amundi offers its 100m clients – individuals, institutions and corporates – a full range of savings and investment solutions in active and passive management, in traditional and real assets. This offer is enriched with services and technological tools that cover the entire savings value chain. A subsidiary of the Crédit Agricole group, Amundi is listed on the stock exchange and currently manages more than €2.2tn in assets under management4.

    Its six international management platforms5, its financial and extra-financial research capacity, as well as its long-standing commitment to responsible investment make it a leading player in the asset management landscape.

    Amundi’s clients benefit from the expertise and advice of 5,700 professionals in 35 countries.

    Amundi, a trusted partner that acts every day in the interest of its clients and society.

    www.amundi.com  

    Press contacts:        
    Natacha Andermahr 
    Tel. +33 1 76 37 86 05
    natacha.andermahr@amundi.com 

    Corentin Henry
    Tel. +33 1 76 36 26 96
    corentin.henry@amundi.com

    Investor contacts:
    Cyril Meilland, CFA
    Tel. +33 1 76 32 62 67
    cyril.meilland@amundi.com 

    Thomas Lapeyre
    Tel. +33 1 76 33 70 54
    thomas.lapeyre@amundi.com 

    Annabelle Wiriath

    Tel. + 33 1 76 32 43 92

    annabelle.wiriath@amundi.com

    1        Source: IPE “Top 500 Asset Managers” published in June 2025 based on assets under management as of 31/12/2024
    2As of 31 March 2025
    3Excluding partner networks: Crédit Agricole/LCL, Société Générale, UniCredit, Banco Sabadell, Bawag, and the partners of our JVs State Bank of India, Agricultural Bank of China, Bank of China, South Korea’s NongHyup Bank and Morroco’s Attijariwafa Bank.
    4Amundi data as of 31/03/2025
    5Paris, London, Dublin, Milan, Tokyo and San Antonio (through our strategic partnership with Victory Capital)

    Attachment

    The MIL Network –

  • Indian stock market trades flat amid US Fed policy decision

    Source: Government of India

    Source: Government of India (4)

    Indian benchmark indices opened on a flat note Thursday, reacting cautiously to the US Federal Reserve’s latest policy decision and weak cues from Asian markets. Early trade saw selling pressure across IT, PSU banking, FMCG, and pharma sectors.

    At around 9:34 am, the Sensex was trading marginally higher by 1.66 points at 81,446.32, while the Nifty edged up by 9.90 points to 24,821.95, showing a minimal gain of 0.04%.

    The Nifty Bank index was up by 43.15 points, or 0.08%, at 55,871.90. Meanwhile, the Nifty Midcap 100 dropped 40.35 points, or 0.07%, to 58,068.85, whereas the Nifty Smallcap 100 gained 25.60 points, or 0.14%, reaching 18,404.05.

    Analysts noted that while the US Federal Reserve left interest rates unchanged, it maintained its projection of two rate cuts this year. However, an increasing number of policymakers now foresee no cuts at all.

    “Additionally, the Fed slightly revised its long-term outlook, projecting just one quarter-point cut each in 2026 and 2027,” said Mandar Bhojane of Choice Broking.

    Market experts believe the 24,500–25,000 range for the Nifty will likely hold unless geopolitical developments — particularly from the Israel-Iran conflict — shift the market mood.

    “If there’s news of de-escalation, the Nifty may break out of the upper band. However, any escalation, especially affecting the Strait of Hormuz and causing a spike in crude oil prices, could threaten the 24,500 support level,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Among Sensex stocks, Tech Mahindra, IndusInd Bank, Infosys, HCLTech, PowerGrid, and Tata Steel were the top losers in early trade. On the other hand, Titan, M&M, Kotak Mahindra Bank, and Tata Motors emerged as top gainers.

    Foreign Institutional Investors (FIIs) remained net buyers on June 18, purchasing equities worth ₹890 crore. Domestic Institutional Investors (DIIs) also showed buying interest, investing ₹1,091 crore during the session.

    Across Asia, markets in Bangkok, Japan, Seoul, Jakarta, Hong Kong, and China were trading in the red.

    Meanwhile, US markets ended on a mixed note in the previous session, reacting to the Federal Reserve’s policy announcement and Fed Chair Jerome Powell’s comments. The Dow Jones closed at 42,171.66, down 44.14 points or 0.10%, while the S&P 500 dipped 1.85 points to 5,980.87. The Nasdaq, however, gained 25.18 points to close at 19,546.27, up 0.13%.

    — IANS

  • MIL-OSI Russia: Moscow to help industrial enterprises strengthen information security

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The capital’s enterprises will be provided with modern domestic technologies and solutions in the field of information security (IS). A number of special events will also be organized for them to exchange experience and test advanced information systems. The corresponding agreement was signed at the XXVIII St. Petersburg International Economic Forum by the Minister of the Moscow Government, the head of the capital’s Department of Investment and Industrial Policy Anatoly Garbuzov and the general director of the Solar Group of Companies (GC), vice president for information security of the public joint-stock company Rostelecom Igor Lyapunov.

    “Information security of the industrial sector plays a key role in ensuring national security. It is especially relevant in the context of growing digitalization of production and the increase in the volume of data processed by enterprises every day. The city’s initiative will allow industrialists to improve their competencies in the field of information security on the basis of the capital’s Bank of Technologies service and ensure reliable protection of corporate resources, technological processes, confidential data and personal information from cyber threats,” noted Anatoly Garbuzov.

    The parties will organize joint work with industrial enterprises of Moscow to inform about modern domestic technologies in the field of information security and to improve the efficiency of production processes. In addition, comprehensive solutions in the areas of information security, multifunctional platforms and systems that combine advanced Russian developments and expertise will be tested. Thematic events are also planned to develop the theoretical and practical skills of the organizations’ employees.

    In 2024, the Bank of Technologies service included nine information security solutions from the Solar group of companies for the capital’s business and the public sector. The list included a DLP platform, a next-generation firewall, and a service for controlling user access to the Internet.

    The Bank of Technologies service has been expanded with new high-tech developments

    The service also includes technologies in the field of monitoring the efficiency of employees’ working hours and protecting workstations from targeted attacks, an IdM system, a platform for managing privileged access and a solution for monitoring access to confidential information. The secure development segment features a Russian application code analyzer.

    “Moscow is home to the largest and most significant companies, federal agencies and control centers of critical information infrastructure facilities, which daily repel the most powerful flow of cyberattacks in Russia. Many of these organizations are protected by Solar Group. Our information security products are based on attack-centric technologies, deep expertise in repelling cyber threats, and experience in implementing and operating in the largest infrastructures in Russia. In this way, we help provide turnkey protection for corporations, small and medium-sized businesses,” said Igor Lyapunov, CEO of Solar Group.

    “Bank of Technologies”— a free Moscow service that helps save time and quickly select the necessary high-tech tools and innovative IT solutions for digitalization and automation of production, product lifecycle management, information security, mathematical modeling, expansion of new lines. The online registry contains over 530 advanced proven domestic developments.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155459073/

    MIL OSI Russia News –

  • MIL-OSI Australia: Straight from the source – June 2025

    Source: New places to play in Gungahlin

    In between writing Straight from the source each month, I’m quite active on LinkedInExternal Link, sharing regular reminders and messages. I hope you’ve also been seeing my updates to the not-for-profit (NFP) sector there, especially about lodging the 2023–24 NFP self-review return.

    I’ve met and spoken to many NFPs at various events across Brisbane, Canberra, Sydney, Melbourne, Darwin and Alice Springs over the last 6 weeks, and I’m always encouraged by the passion and commitment of people making a difference in the community.

    My message remains constant: ‘we’re here to help you get it right!’

    NFP self-review return helping NFPs identify their correct status

    The NFP self-review return was introduced to enhance transparency and integrity across the NFP population who self-assess as income tax exempt. As anticipated, with the first year of lodgment now behind us we’ve seen some shifts in the NFP population, with some NFP organisations identifying their correct taxable status at law.

    While our data is still being assessed, our preliminary observations indicate that as of 31 May 2025:

    • Over 29,000 NFPs have lodged their self-review return for the 2023–24 income year – these organisations will have their future year returns pre-populated making it easier to lodge the 2024–25 return. Around 97% of NFPs who have lodged have confirmed their eligibility to an income tax exemption.
    • Around 4,000 NFPs have registered with the Australian Charities and Not-for-profits Commission (ACNC) as a charity, having realised they cannot self-assess as income tax exempt.
    • Almost 1,000 NFPs have lodged a non-lodgment advice (NLA) with the ATO to indicate that they are taxable NFPs with taxable income less than $416. Around 600 NFPs have lodged income tax returns disclosing combined total income in the millions.
    • Many NFPs have also cancelled their ABN because the NFP no longer exists, which is a legislative requirement of holding an ABN.

    We expect a continued shift in the NFP population as organisations continue to review their purpose, activities and identify their correct taxable status. Here is what you need to know.

    Charitable NFPs

    NFPs with solely charitable purposes must be registered with the ACNC and endorsed by the ATO to access an income tax exemption. There’s no provision in the tax law for a charitable organisation to self-assess an income tax exemption. So, unless you’re registered with the ACNC, you are a taxable NFP.

    Charitable NFPs should pay particular attention to the following points:

    • ensure you’re compliant with the ACNC governance standards, external conduct standards and that your Annual Information Statement (AIS) is lodged with the ACNC as non-lodgment can affect your income tax status and access to other tax concessions
    • meet all your tax and employer obligations as this is a requirement of maintaining your taxable status
    • reach out for assistance early if you’re having difficulty with any of your tax, super and registry obligations.

    Lodgment obligations for NFPs with an active ABN that self-assess as income tax exempt

    Since 1 July 2024, NFPs that have an active ABN and self-assess as income tax exempt have been required to lodge an annual NFP self-review return. The self-review return is due between 1 July and 31 October each year. It can be lodged using Online services for business, through the self-help phone service or by a registered tax agent.

    To demonstrate that the entity is operating as an NFP, it needs to have and follow requisite NFP clauses in their governing documents. We’ve provided additional time through to 30 June 2026 for NFPs to update their governing documents. To be eligible for this additional time your organisation must not have made any distribution of income or assets to particular individuals or members.

    NFPs that haven’t lodged their first self-review return are required to lodge their 2023–24 return as soon as possible. Once the 2023–24 return is lodged, we can prepopulate future returns to make compliance even easier.

    If you haven’t yet lodged your 2023–24 return, when you log into online services this tax time you will see you have 2 NFP self-review returns due. You need to lodge your return for 2023–24 first, as they need to be lodged sequentially. Here are some handy tips:

    • Refer to our update, connect and lodge flowchart on the ATO website for a step-by-step guide on how to update your ABN details and set up access to Online services for business. You can find the flowchart by visiting ato.gov.au/NFPlodgmentsteps.
    • If you’re having trouble lodging online, you can still lodge your return using our automated self-help phone service on 13 72 26.
    • Check out our tailored guidance that supports NFPs at ato.gov.au/NFPtaxexempt and we encourage you to subscribe to our NFP newsletter at subscribe.news.ato.gov.auExternal Link. You’ll be kept up to date with how to meet your tax and super obligations.
    • We also maintain a dedicated NFP Advice Service on 1300 30 248. If you have a question, you can call our team.

    Taxable NFPs

    If you don’t meet the requirements of the self-assessing income tax exempt categories, or you’re charitable, haven’t registered with the ACNC and have been endorsed by us, you’re a taxable NFP.

    Taxable NFPs may have to lodge income tax returns and pay income tax, or in some instances notify us of a non-lodgment advice.

    The following points are important for taxable NFPs:

    • Identify all sources of income. This may include income from your members such as membership fees, income from non-members and income earned from other sources such as bank interest.
    • Use our mutuality guide to find out if you can apply the mutuality principle when calculating taxable income. The guide will help you to identify your members and non-members, and how to correctly classify revenue and expenses.
    • If you’re a taxable NFP company and your taxable income is $416 or less, you can meet your lodgment obligation by downloading and completing the non-lodgment advice form.
    • If you do have income tax to pay but can’t pay on time, reach out to us early to discuss support options you can access to meet your tax and super obligations.

    Other news

    Engage early if you have a debt to pay – NFPs aren’t exempt from our debt collection action. Our key message is for NFPs to seek early support from us when they’re having difficulty meeting their reporting and/or payment obligations. Employer obligations is a significant focus area for us given the NFP sector employs 10% of Australia’s workforce.

    Giving fund reforms – Treasury has opened consultation on Giving fund reforms and invites your feedback on the following proposed changes:

    • renaming ancillary funds to giving funds in the tax law
    • aligning the annual distribution rate between public and private giving funds
    • increasing the annual distribution rate
    • allowing funds to smooth distributions across years.

    Submissions to this consultation can be made up until 1 August 2025 and the paper is available on the Treasury website at Giving fund reforms: distribution rate and smoothingExternal Link.

    Read the government’s announcement on the Treasury website for more information at Supporting philanthropic givingExternal Link.

    ATO Vulnerability Framework – Our draft ATO Vulnerability Framework to support people experiencing vulnerability has been published and is open for public consultation.

    You’re invited to share your feedback to help us refine our final version so that it reflects the needs and experiences of the people it’s designed to support. Responses can be submitted up until 18 July 2025.

    Super guarantee rate – A reminder that the super guarantee (SG) rate will increase to 12% on 1 July 2025. This is the final scheduled increase. The 12% rate will need to be applied for all salary and wages paid to eligible workers on and after 1 July. This is even if some or all of the pay period it relates to is before 1 July. Employers need to remember to pay SG in full, on time and to the right fund. The next quarterly due date is 28 July. Contributions must be paid quarterly but can be paid more frequently.

    In summary

    We remain committed to supporting NFPs through education and guidance as part of our transitionary approach. Our goal is to help organisations understand and meet their tax, super and registry obligations with confidence.

    We encourage early engagement, and when organisations reach out before issues escalate we can work together to find practical solutions. We want to avoid situations where delaying action to meet lodgment and payment obligations can lead to more complex challenges.

    Our focus continues to be on prevention and tailored support. Whether it’s understanding income tax obligations, applying the mutuality principle, or accessing support when facing financial difficulty, we’re here to help you get it right.

    Let’s keep the conversation going – because when we work together, we can ensure the NFP sector remains strong, sustainable and compliant.

    I look forward to speaking with many of you at future events.

    Take care and stay safe
    Jennifer

    MIL OSI News –

  • MIL-OSI: Complexity stops investors opening SMSFs: moomoo launches one-stop service for them

    Source: GlobeNewswire (MIL-OSI)

    Moomoo Australia and New Zealand chief executive officer Michael McCarthy.

    SYDNEY, June 19, 2025 (GLOBE NEWSWIRE) — Investors want to open self-managed super funds, to invest in cryptocurrency, and make use of artificial intelligence, found investment platform moomoo Australia and New Zealand in its recent survey of share investors.

    But a key finding was that the complexity and cost of opening a SMSF is stopping those interested in opening a fund from doing so.

    SMSF complexity holds investors back

    Moomoo aims to simplify the complex setup of SMSFs, which is why 24% of interested Australians say they haven’t opened a fund. At the same time, moomoo and its partners offer a transparent range of fees to reassure the 21% of people that cite costs as their reason for not opening a SMSF.

    A key third reason interested Australians hold back from opening a SMSF is not knowing what to invest in (24%). So, moomoo is providing a broad range of news and content, including from SMSF experts, to help investors manage their super to deliver for the long term.

    “There are clear, legitimate reasons that even those Australians familiar with share investing and interested in opening a self-managed super fund, haven’t done so. We answer these concerns head on with our trading account service, administration partner services, and sophisticated investing resources,” says moomoo Australia and New Zealand chief executive officer Michael McCarthy.

    Not only can investors use moomoo to set up a SMSF trading account, but also our partners for investment guidance, and other services including fund setup, rollovers, reporting, compliance and ongoing management.

    They want to make use of artificial intelligence

    Most Australian share investors (67%) would use artificial intelligence in their SMSF investing, found moomoo Australia.

    Specifically, survey results show a third would use AI for their SMSF investment strategy, while 37% would use it to analyse individual investments. A third would also use AI to help manage the fund, and almost 30% to meet compliance requirements. Just over a quarter of respondents would use AI tools to meet all four needs.

    “Australians’ recognition of the power of AI to lessen the burden of managing a SMSF is particularly interesting given that they cite the complication of opening a SMSF as a leading reason for not doing so,” explains Mr McCarthy.

    “This need comes at the right time for moomoo, with our AI assistant launching this month. Combined with the platform’s other AI-powered features, including our trend projection and market monitoring automation, we’re using the full power of artificial intelligence to really help investors make easier, smarter, more informed trades.”

    An appetite for cryptocurrency

    Australians interested in opening a SMSF are far more likely to trade Bitcoin than those who already own a self-managed super fund, found moomoo Australia.

    Almost two thirds (60%) of those interested in SMSFs are either trading or want to trade cryptocurrencies, particularly Bitcoin (88%) and Ethereum (56%). Almost a third are interested in stablecoins and altcoins.

    But for the more conservative current SMSF owners, just over half (55%) are trading crypto or would like to. And they’re far more diversified in their interest, with 40% trading or wanting to trade Bitcoin, a third focused on memecoins and a sizeable minority (27%) on stablecoins.

    “There is strong investor interest in cryptocurrency. And the moomoo platform provides for them, with access to more than 26,000 securities across the Australian, US and Hong Kong markets, including a broad range of crypto-based stocks and exchange-traded funds,” says Mr McCarthy.

    About the survey

    Moomoo Australia surveyed 153 sharemarket investors experienced in trading and managing superannuation (independent of the moomoo platform). About one third of respondents held a self-managed super fund, with 22% interested in opening one.

    Characteristics of those that own or would like to own a SMSF are quite similar. Generally, aged over 45, they work full time with a household income between $50,000 and $150,000. Those not yet running a SMSF have less share-trading experience (about one year) and are less confident in their investment knowledge (describing themselves as ‘intermediate’).

    Australians that invest in shares and hold a self-managed super fund, or want to:

    • are either intermediate (41%) or advanced (35%) in their level of investment knowledge
    • believe their retirement balance can be up to $200,000 (23%), $500,000 (32%), $1m (26%)
    • would use AI investing tools (67%), to strategise (33%) and analyse investments (37%)
    • believe AI is great for SMSF reporting (37%), management (37%), but isn’t secure (31%).

    Those that haven’t yet set up a SMSF:

    • haven’t done so because they’re satisfied with their current fund (55%), see the process as too complex (23%) or don’t believe they have enough funds (23%)
    • would want to invest in Australian stocks (76%), property (55%), crypto (39%), ETFs (30%)
    • would not invest in crypto (36%), futures (24%), bonds (18%), non-US global stocks (18%).

    About moomoo

    Through moomoo, investors can access local and international markets, choosing from more than 26,000 shares and ETFs – more securities than most broking platforms in Australia – to shape their own retirement investment strategy. We’ve partnered with four administration service providers – Intello, Superannuation Warehouse, Just Superfund, SMSFai – to provide a one-stop service to clients.

    Moomoo Australia is a next-generation investment platform that integrates investment transactions, up-to-date news, real-time market data, and an active trading community. It offers investors access to securities across the Australian, United States and Hong Kong markets.

    Moomoo is owned by Futu Holdings, a global fintech operation listed on the Nasdaq. It operates in seven world markets including Japan and the United States.

    Media contact (to arrange interviews and photos)

    Moomoo Australia and New Zealand senior content manager Byron Smith, phone 0411 272 701, email pr@au.moomoo.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96e9e2b9-ad94-4bd6-aa93-c67fc0855d76

    The MIL Network –

  • MIL-OSI Analysis: Can a foreign government hack WhatsApp? A cybersecurity expert explains how that might work

    Source: The Conversation – Global Perspectives – By David Tuffley, Senior Lecturer in Applied Ethics & CyberSecurity, Griffith University

    On The Back Of Camera/Shutterstock

    Earlier today, Iranian officials urged the country’s citizens to remove the messaging platform WhatsApp from their smartphones. Without providing any supporting evidence, they alleged the app gathers user information to send to Israel.

    WhatsApp has rejected the allegations. In a statement to Associated Press, the Meta-owned messaging platform said it was concerned “these false reports will be an excuse for our services to be blocked at a time when people need them most”. It added that it does not track users’ location nor the personal messages people are sending one another.

    It is impossible to independently assess the allegations, given Iran provided no publicly accessible supporting evidence.

    But we do know that even though WhatsApp has strong privacy and security features, it isn’t impenetrable. And there is at least one country that has previously been able to penetrate it: Israel.

    3 billion users

    WhatsApp is a free messaging app owned by Meta. With around 3 billion users worldwide and growing fast, it can send text messages, calls and media over the internet.

    It uses strong end-to-end encryption meaning only the sender and recipient can read messages; not even WhatsApp can access their content. This ensures strong privacy and security.

    Advanced cyber capability

    The United States is the world leader in cyber capability. This term describes the skills, technologies and resources that enable nations to defend, attack, or exploit digital systems and networks as a powerful instrument of national power.

    But Israel also has advanced cyber capability, ranking alongside the United Kingdom, China, Russia, France and Canada.

    Israel has a documented history of conducting sophisticated cyber operations. This includes the widely cited Stuxnet attack that targeted Iran’s nuclear program more than 15 years ago. Israeli cyber units, such as Unit 8200, are renowned for their technical expertise and innovation in both offensive and defensive operations.

    Seven of the top 10 global cybersecurity firms maintain R&D centers in Israel, and Israeli startups frequently lead in developing novel offensive and defensive cyber tools.

    A historical precedent

    Israeli firms have repeatedly been linked to hacking WhatsApp accounts, most notably through the Pegasus spyware developed by Israeli-based cyber intelligence company NSO Group. In 2019, it exploited WhatsApp vulnerabilities to compromise 1,400 users, including journalists, activists and politicians.

    Last month, a US federal court ordered the NSO Group to pay WhatsApp and Meta nearly US$170 million in damages for the hack.

    Another Israeli company, Paragon Solutions, also recently targeted nearly 100 WhatsApp accounts. The company used advanced spyware to access private communications after they had been de-encrypted.

    These kinds of attacks often use “spearphishing”. This is distinct from regular phishing attacks, which generally involve an attacker sending malicious links to thousands of people.

    Instead, spearphishing involves sending targeted, deceptive messages or files to trick specific individuals into installing spyware. This grants attackers full access to their devices – including de-encrypted WhatsApp messages.

    A spearphishing email might appear to come from a trusted colleague or organisation. It might ask the recipient to urgently review a document or reset a password, leading them to a fake login page or triggering a malware download.

    Protecting yourself from ‘spearphishing’

    To avoid spearphishing, people should scrutinise unexpected emails or messages, especially those conveying a sense of urgency, and never click suspicious links or download unknown attachments.

    Hovering the mouse cursor over a link will reveal the name of the destination. Suspicious links are those with strange domain names and garbled text that has nothing to do with the purported sender. Simply hovering without clicking is not dangerous.

    Enable two-factor authentication, keep your software updated, and verify requests coming through trusted channels. Regular cybersecurity training also helps users spot and resist these targeted attacks.

    David Tuffley 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. Can a foreign government hack WhatsApp? A cybersecurity expert explains how that might work – https://theconversation.com/can-a-foreign-government-hack-whatsapp-a-cybersecurity-expert-explains-how-that-might-work-259261

    MIL OSI Analysis –

  • MIL-OSI New Zealand: Israel’s NZ Energy Deals In Spotlight – PSNA congratulates Mercury Energy abandoning contract with Israel’s Ormat Technologies but Contact Energy should follow

    Source: Palestine Solidarity Network Aotearoa (PSNA)

    Palestine Solidarity Network Aotearoa is congratulating Mercury Energy’s terminating its contract with Israel’s Ormat Technologies to design the Ngatamariki geothermal power station near Taupo.

    PSNA Co-Chair Maher Nazzal says it appears Mercury has acknowledged the legal jeopardy of Israeli companies operating throughout the world.

    “The International Court of Justice last year declared Israel’s presence in the Occupied Palestinian Territories is illegal and called on everyone to stop giving ‘aid or assistance’ to Israel which will help it to maintain its illegal occupation.”

    “Mercury’s decision is in line the ICJ findings and we welcome it as a victory for the Boycott Divestment and Sanctions campaign to isolate Israel.”

    “No New Zealand companies should have any dealings with Israel, either directly or indirectly.”

    “Israel is a rogue genocide and apartheid state – a threat and an embarrassment to all of humanity,” Nazal says.“But the Ormat contract with Mercury is not the only one.  We are now renewing our calls on Contact Energy to do the same and cut its links with Ormat Technologies.”

    “If Contact doesn’t follow Mercury, then I’m sure many electricity consumers will take the Israeli connection in mind and so switch from Contact to Mercury.”

    Maher Nazzal

    Co-Chair PSNA

     

    Here is a copy of the letter we sent to Contact Energy in November last year:

    15 November 2024

    Mike Fuge

    Chief Executive Officer

    Contact Energy

     

    c/o Louise Wright

    Head of Communications and Reputation

    Kia ora Mr Fuge,

    Contact Energy partnering with the racist apartheid state of Israel

    We noted your media release of 13 November 2024 (“Contact invests to redevelop Wairakei”) which confirms Contact is investing to begin replacing the Wairakei geothermal power station.

    What your release doesn’t mention is that you are intending to partner with an Israeli company, Ormat Technologies, through an Engineering, Procurement, and Construction (EPC) contract to build the new plant. Ormat has confirmed this in their own announcement dated a day earlier.

    It is not tenable for Contact Energy to sign off on this agreement and we are requesting the company withdraw from doing so immediately. Signing this proposed agreement would be a kick in the teeth for Palestinians suffering from industrial-scale slaughter at the hands of the apartheid state of Israel in which Ormat Technologies is embedded.

    Ormat Technologies has its main production facilities based in Yavne, Israel. Yavne is a city build over the Palestinian town of Yibna from which Palestinians were ethnically cleansed in 1948 and to which they have sought their right of return since 1948, only to be denied by racist Israeli policies.

    That Contact would even consider signing an agreement with an Israeli company in light of Palestinian calls for BDS (Boycott Divestment and Sanctions) against Israel and particularly after 13 months of genocide where most of the 43,000 confirmed victims have been women and children – is an outrage which makes a mockery of your carefully-crafted corporate story which claims to be based on “tikanga” and principles of respect for people and the planet.

    We urge you to do the right thing today and dismantle your links with Ormat and any associated Israeli companies. Palestinians and Palestinian New Zealanders have the right to demand no less from you.

    Please respond without unnecessary delay. 

    Ngā mihi.

    Nā,

     

    John Minto

    National Chair PSNA

    MIL OSI New Zealand News –

  • MIL-OSI Security: Pacific Partnership 2025 Conducts Mission Stop in Suva, Fiji, June 13, 2025 [Image 23 of 26]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    SUVA, Fiji (June 13, 2025) Operations Specialist 1st Class Ashley Stanley, left, with the Pacific Partnership 2025 (PP-25) team, bids farewell to students of Waiqanake District School after a rugby match as part of PP-25 in Suva, Fiji, June 13, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 06.13.2025
    Date Posted: 06.17.2025 04:59
    Photo ID: 9116988
    VIRIN: 250613-N-ED646-3680
    Resolution: 6937×4624
    Size: 6.58 MB
    Location: SUVA, FJ
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    This work, Pacific Partnership 2025 Conducts Mission Stop in Suva, Fiji, June 13, 2025 [Image 26 of 26], by PO2 Moises Sandoval, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

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  • MIL-OSI Security: Pacific Partnership 2025 Conducts Mission Stop in Suva, Fiji, June 14, 2025 [Image 1 of 6]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    SUVA, Fiji (June 14, 2025) U.S. Navy Lt. j.g. Derek Chipmon, left, a public health planner with the Pacific Partnership 25 (PP-25) team, is given an apiary tour by a local beekeeper in Suva, Fiji, during PP-25, June 14, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 06.14.2025
    Date Posted: 06.18.2025 23:14
    Photo ID: 9119926
    VIRIN: 250614-N-ED646-7410
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    Size: 9.36 MB
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  • MIL-OSI Security: Pacific Partnership 2025 Conducts Mission Stop in Suva, Fiji, June 14, 2025 [Image 2 of 6]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    SUVA, Fiji (June 14, 2025) U.S. Navy Lt. Corey Day, left, entomologist assigned to Navy Medicine Readiness Training Command, and Lt. j.g. Derek Chipmon, center, public health planner with the Pacific Partnership 25 (PP-25) team, are given an apiary tour by a local beekeeper in Suva, Fiji, during PP-25, June 14, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 06.14.2025
    Date Posted: 06.18.2025 23:14
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    MIL Security OSI –

  • MIL-OSI: Altius Inspiro Wins 2025 Fortress Cybersecurity Award for Network Security

    Source: GlobeNewswire (MIL-OSI)

    MANILA, Philippines, June 19, 2025 (GLOBE NEWSWIRE) — Altius Inspiro, a leader in digital CX and outsourcing solutions, has proudly received the 2025 Fortress Cybersecurity Award, presented by the Business Intelligence Group. This esteemed accolade underscores the company’s groundbreaking innovation in fortifying systems, infrastructure, and data against a constantly evolving threat landscape.

    The Fortress Cybersecurity Awards honor organizations that go beyond compliance to develop secure systems and processes using innovative, measurable, and proactive approaches to cybersecurity. Altius Inspiro stood out for its remarkable achievements in strengthening digital resilience and advancing security practices.

    Through cutting-edge enhancements, Altius Inspiro redefined network security by implementing robust measures such as two-factor and multi-factor authentication systems, coupled with intrusion prevention strategies to mitigate threats before they materialize. By consolidating technologies under a Secure Access Service Edge (SASE) Cloud Platform, the company not only improved performance but also generated significant cost efficiencies. Additionally, the integration of AI-powered threat detection tools, including Microsoft Sentinel, allowed the organization to proactively anticipate and counteract cybersecurity risks, resulting in a marked improvement in their cybersecurity metrics and overall resilience.

    Ryo Ohashi, President and CEO of Altius Inspiro, expressed his gratitude for this recognition, stating, “This award emphasizes our relentless dedication to staying ahead of digital threats. Our teams work tirelessly to innovate and deliver advanced cybersecurity solutions that protect the systems and data of our clients, partners, and communities. This recognition serves as validation of their commitment to building trust and ensuring resilience in an increasingly complex digital world.”

    Altius Inspiro’s strides in cybersecurity demonstrate not only a commitment to safeguarding digital ecosystems but also its leadership at the forefront of industry innovation. This award solidifies the company’s position as a trusted partner in navigating the challenges of the modern threatscape.

    About Altius Inspiro, Inc. 

    Altius Inspiro is a global leader in digital customer experience management and business process outsourcing, serving Fortune 1000 companies across diverse industries. With a reputation for operational excellence and digital innovation, the company delivers next-generation CX solutions powered by strategy, advanced analytics, and technology. Altius Inspiro is a subsidiary of Altius Link, Inc., supported by shareholders KDDI Corporation and Mitsui & Co., Ltd. 

    For more information, visit www.inspiro.com.

    Contact:

    Raymond Boholano
    Vice President, Marketing and Corporate Communications
    raymond.boholano@inspiro.com

    The MIL Network –

  • MIL-OSI: TEMPUS AI SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Tempus AI, Inc. – TEM

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, June 18, 2025 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 12, 2025 to file lead plaintiff applications in a securities class action lawsuit against Tempus AI, Inc. (NasdaqGS: TEM), if they purchased the Company’s shares between August 6, 2024 and May 27, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Illinois.

    Get Help

    Tempus investors should visit us at https://claimsfiler.com/cases/nasdaq-tem/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Tempus and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On May 28, 2025, Spruce Point Capital Management, LLC reported numerous issues with the Company’s management, operations and financial reporting, including that: (i) Tempus CEO Eric Lefkofsky and his associates have a history cashing out of companies before public shareholders incur losses or lackluster returns; (ii) Tempus’ actual AI capabilities are overstated; (iii) board members and other executives have been associated with troubled companies with restated financial results; (iv) signs of aggressive accounting and financial reporting are present; (v) there are issues with the AstraZeneca and Pathos AI deal that merit scrutiny; and (vi) the Company’s recent financial guidance revision reveals weakness in core operations.

    On this news, the price of Tempus’ shares fell $12.67 per share, or 19.23%, from a closing price of $65.87 per share on May 27, 2025, to a closing price of $53.20 per share on May 28, 2025.

    The case is Shouse v. Tempus AI. Inc., et al., No. 25-cv-06534.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI China: US companies cut more workforces: data

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

    U.S. public companies have reduced their white-collar workforces by a collective 3.5 percent over the past three years, according to employment data-provider Live Data Technologies, with one in five companies in the S&P 500 having shrunk over the past decade.

    “The cuts go beyond typical cost-trimming and speak to a broader shift in philosophy,” reported The Wall Street Journal about the development. “Adding talent, once a sign of surging sales and confidence in the future, now means leaders must be doing something wrong.”

    New technologies like generative artificial intelligence are allowing companies to do more with less. But there’s more to this movement. From Amazon in Seattle to Bank of America in Charlotte, North Carolina, and at companies big and small everywhere in between, there’s a growing belief that having too many employees is itself an impediment. “The message from many bosses: Anyone still on the payroll could be working harder,” noted the report.

    All of the shrinking turns on its head the usual cycle of hiring and firing. Companies often let go of workers in recessions, then staff up when the economy picks up. Yet the workforce cuts in recent years coincide with a surge in sales and profits, heralding a more fundamental shift in the way leaders evaluate their workforces, it added. 

    MIL OSI China News –

  • MIL-OSI China: Russian investment fund to cooperate with Chinese digital trade platform

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

    The Russian Direct Investment Fund (RDIF) and Qifa, a Chinese-founded B2B digital trade platform operating across the Russia-China corridor, inked a strategic partnership on Wednesday at the St. Petersburg International Economic Forum (SPIEF) to advance cross-border digital trade and expand bilateral commerce.

    The collaboration agreement, signed on the sidelines of the forum, underscores joint efforts to modernize trade processes through technological integration. “RDIF and Qifa, a Russia-China B2B digital trade platform, have agreed to partner in developing digital trade and scaling bilateral trade volumes,” the fund stated in a press release.

    According to RDIF, the initiative will harness AI-driven solutions to streamline trade workflows, enhancing transparency and operational efficiency for businesses. This, in turn, is expected to drive product assortment expansion and cost optimization — key levers for accelerating trade growth in line with bilateral strategic objectives.

    “China leads in trade volume with Russia, with a robust e-commerce ecosystem already in place. RDIF’s focus on facilitating market access for Sino-Russian enterprises makes this partnership with Qifa an important step in elevating cross-border digital trade,” said Kirill Dmitriev, CEO of RDIF, in a statement.

    The 28th St. Petersburg International Economic Forum runs from June 18 to 21 this year, gathering delegates from over 100 countries and regions. 

    MIL OSI China News –

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for June 19, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on June 19, 2025.

    Australian citizens in Iran and Israel are desperate to leave. Is the government required to help?
    Source: The Conversation (Au and NZ) – By Jane McAdam, Scientia Professor and ARC Laureate Fellow, Kaldor Centre for International Refugee Law, UNSW Sydney As thousands of Australian citizens and permanent residents stuck in Iran and Israel continue to register for repatriation flights, the government is scrambling to find safe ways to evacuate them. With

    Popular period-tracking apps can hold years of personal data – new NZ research finds mixed awareness of risk
    Source: The Conversation (Au and NZ) – By Anna Friedlander, PhD Candidate in Sociology, University of Waikato Shutterstock/Krotnakro Period-tracking apps are popular digital tools for a range of menstrual, reproductive and general health purposes. But the way these apps collect and use data involves risk. Many apps encourage users to log information well beyond their

    Migrating bogong moths use the stars and Earth’s magnetic field to find ancestral summer caves each year
    Source: The Conversation (Au and NZ) – By Eric Warrant, Professor of Zoology at the University of Lund, Visiting Fellow at the Australian National University, and Adjunct Professor, University of South Australia Vik Dunis/iNaturalist, CC BY-NC It’s a warm January summer afternoon, and as I traverse the flower-strewn western slopes of Australia’s highest mountain, Mount

    Jaws at 50: how a single movie changed our perception of white sharks forever
    Source: The Conversation (Au and NZ) – By John Long, Strategic Professor in Palaeontology, Flinders University Shane Myers Photography/Shutterstock It’s been 50 years since Steven Spielberg’s movie Jaws first cast a terrifying shadow across our screens. At a low point during production, Spielberg worried he’d only ever be known for “a big fish story”. The

    Robot eyes are power hungry. What if we gave them tools inspired by the human brain?
    Source: The Conversation (Au and NZ) – By Adam D Hines, Research Fellow, Centre for Robotics, Queensland University of Technology A hexapod robot navigating outdoors. Adam Hines Robots are increasingly becoming a part of our lives – from warehouse automation to robotic vacuum cleaners. And just like humans, robots need to know where they are

    Winter viruses can trigger a heart attack or stroke, our study shows. It’s another good reason to get a flu or COVID shot
    Source: The Conversation (Au and NZ) – By Tu Nguyen, PhD Candidate, Department of Paediatrics, University of Melbourne, Murdoch Children’s Research Institute Irina Shatilova/Shutterstock Winter is here, along with cold days and the inevitable seasonal surge in respiratory viruses. But it’s not only the sniffles we need to worry about. Heart attacks and strokes also

    School playgrounds are one of the main locations for bullying. How can they be set up to stop it?
    Source: The Conversation (Au and NZ) – By Brendon Hyndman, Associate Dean (Academic), Faculty of Arts and Education, Charles Sturt University Dan Kenyon/ Getty Images Children spend thousands of hours in playgrounds at school. A lot of this time does not have the same levels of teacher preparation and supervision as classrooms do. Research shows

    Would you cheat on your tax? It’s a risky move, the tax office knows a lot about you
    Source: The Conversation (Au and NZ) – By Robert B Whait, Senior Lecturer in Taxation Law, University of South Australia Soon, more than 15 million Australians should be lodging a tax return with the Australian Taxation Office in the hope of receiving at least a small refund. About 60% of taxpayers use an accountant to

    Companies are betting on AI to help lift productivity. Workers need to be part of the process
    Source: The Conversation (Au and NZ) – By Llewellyn Spink, AI Corporate Governance Lead, Human Technology Institute, University of Technology Sydney The Conversation, CC BY-NC Australia’s productivity is flatlining, posting the worst vitals we’ve seen in 60 years. Politicians and chief executives are prescribing artificial intelligence (AI) like it’s the new penicillin – a wonder

    Is Sabrina Carpenter’s Man’s Best Friend album cover satire or self-degradation? A psychology expert explores our reactions
    Source: The Conversation (Au and NZ) – By Katrina Muller-Townsend, Lecturer in Psychology, Edith Cowan University Island Records Sabrina Carpenter’s Man’s Best Friend album cover has fans divided. Carpenter poses on all fours, her glossy blond hair grasped by a male figure cropped from the frame. Her wide-eyed expression intensifies an ambiguous performance of subservience,

    Kicked out for coming out: more than half of LGBTIQ+ flatmates face discrimination for their identity
    Source: The Conversation (Au and NZ) – By Brodie Fraser, Senior Research Fellow, He Kāinga Oranga Housing and Health Research Programme, University of Otago Sangar Akreyi/Getty Images People who belong to the LGBTIQ+ community say flatting is fraught with difficulties that go well beyond learning new routines and sharing space with strangers. Our new research

    Tracing the Drax family’s millions – a story of British landed gentry, slavery and sugar plantations
    Source: The Conversation (Au and NZ) – By Paul Lashmar, Reader in Journalism, City St George’s, University of London ‘Planting the sugar-cane’: vast fortunes were made from the trades in both sugar and human slaves in the Americas. Schomburg Center for Research in Black Culture, Photographs and Prints Division, The New York Public Library Rich

    Nineteen Eighty-Four might have been inspired by George Orwell’s fear of drowning
    Source: The Conversation (Au and NZ) – By Nathan Waddell, Associate Professor in Twentieth-Century Literature, University of Birmingham George Orwell had a traumatic relationship with the sea. In August 1947, while he was writing Nineteen Eighty-Four (1949) on the island of Jura in the Scottish Hebrides, he went on a fishing trip with his young

    What happens when aid is cut to a large refugee camp? Kenyan study paints a bleak picture
    Source: The Conversation (Au and NZ) – By Olivier Sterck, Associate professor, University of Oxford Humanitarian needs are rising around the world. At the same time, major donors such as the US and the UK are pulling back support, placing increasing strain on already overstretched aid systems. Global humanitarian needs have quadrupled since 2015, driven

    Grok’s ‘white genocide’ responses show how generative AI can be weaponized
    Source: The Conversation (Au and NZ) – By James Foulds, Associate Professor of Information Systems, University of Maryland, Baltimore County Someone altered the AI chatbot Grok to make it insert text about a debunked conspiracy theory in unrelated responses. Cheng Xin/Getty Images The AI chatbot Grok spent one day in May 2025 spreading debunked conspiracy

    Politics with Michelle Grattan: an ‘impatient’ Jim Chalmers on taking political risks in Labor’s second term
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Asanka Ratnayake/Getty Images While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity. Last week,

    View from The Hill: Jim Chalmers wants to get on with economic reform and tax is in his sights
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Jim Chalmers speaking to the National Press Club June 18, 2025. Screenshot from the ABC Broadcast, CC BY-NC Jim Chalmers cast his Wednesday National Press Club speech as a second instalment in a two-part presentation that was kicked off by

    Iran’s long history of revolution, defiance and outside interference – and why its future is so uncertain
    Source: The Conversation (Au and NZ) – By Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University; and Vice Chancellor’s Strategic Fellow, Victoria University Israeli Prime Minister Benjamin Netanyahu has gone beyond his initial aim of destroying Iran’s ability to produce nuclear weapons. He has called on the Iranian people

    95 lawyers demand stronger NZ stand over Israel amid Middle East tensions
    Asia Pacific Report Ninety-five New Zealand lawyers — including nine king’s counsel — have signed a letter demanding Prime Minister Christopher Luxon, Foreign Minister Winston Peters and two other ministers urge the government to take a stronger stand against Israel’s “catastrophic” actions in Gaza. The letter has been sent amid rising tensions in the region,

    Gay and bisexual men will soon be able to donate blood and plasma
    Source: The Conversation (Au and NZ) – By Yasmin Mowat, Clinical Project Manager, Kirby Institute, UNSW Sydney AnnaStills/Getty Images Many gay and bisexual men have been excluded from donating blood and plasma (the liquid portion of blood) for decades because of rules developed during the HIV crisis in the 1980s. The Australian Red Cross’ blood

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for June 19, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on June 19, 2025.

    Australian citizens in Iran and Israel are desperate to leave. Is the government required to help?
    Source: The Conversation (Au and NZ) – By Jane McAdam, Scientia Professor and ARC Laureate Fellow, Kaldor Centre for International Refugee Law, UNSW Sydney As thousands of Australian citizens and permanent residents stuck in Iran and Israel continue to register for repatriation flights, the government is scrambling to find safe ways to evacuate them. With

    Popular period-tracking apps can hold years of personal data – new NZ research finds mixed awareness of risk
    Source: The Conversation (Au and NZ) – By Anna Friedlander, PhD Candidate in Sociology, University of Waikato Shutterstock/Krotnakro Period-tracking apps are popular digital tools for a range of menstrual, reproductive and general health purposes. But the way these apps collect and use data involves risk. Many apps encourage users to log information well beyond their

    Migrating bogong moths use the stars and Earth’s magnetic field to find ancestral summer caves each year
    Source: The Conversation (Au and NZ) – By Eric Warrant, Professor of Zoology at the University of Lund, Visiting Fellow at the Australian National University, and Adjunct Professor, University of South Australia Vik Dunis/iNaturalist, CC BY-NC It’s a warm January summer afternoon, and as I traverse the flower-strewn western slopes of Australia’s highest mountain, Mount

    Jaws at 50: how a single movie changed our perception of white sharks forever
    Source: The Conversation (Au and NZ) – By John Long, Strategic Professor in Palaeontology, Flinders University Shane Myers Photography/Shutterstock It’s been 50 years since Steven Spielberg’s movie Jaws first cast a terrifying shadow across our screens. At a low point during production, Spielberg worried he’d only ever be known for “a big fish story”. The

    Robot eyes are power hungry. What if we gave them tools inspired by the human brain?
    Source: The Conversation (Au and NZ) – By Adam D Hines, Research Fellow, Centre for Robotics, Queensland University of Technology A hexapod robot navigating outdoors. Adam Hines Robots are increasingly becoming a part of our lives – from warehouse automation to robotic vacuum cleaners. And just like humans, robots need to know where they are

    Winter viruses can trigger a heart attack or stroke, our study shows. It’s another good reason to get a flu or COVID shot
    Source: The Conversation (Au and NZ) – By Tu Nguyen, PhD Candidate, Department of Paediatrics, University of Melbourne, Murdoch Children’s Research Institute Irina Shatilova/Shutterstock Winter is here, along with cold days and the inevitable seasonal surge in respiratory viruses. But it’s not only the sniffles we need to worry about. Heart attacks and strokes also

    School playgrounds are one of the main locations for bullying. How can they be set up to stop it?
    Source: The Conversation (Au and NZ) – By Brendon Hyndman, Associate Dean (Academic), Faculty of Arts and Education, Charles Sturt University Dan Kenyon/ Getty Images Children spend thousands of hours in playgrounds at school. A lot of this time does not have the same levels of teacher preparation and supervision as classrooms do. Research shows

    Would you cheat on your tax? It’s a risky move, the tax office knows a lot about you
    Source: The Conversation (Au and NZ) – By Robert B Whait, Senior Lecturer in Taxation Law, University of South Australia Soon, more than 15 million Australians should be lodging a tax return with the Australian Taxation Office in the hope of receiving at least a small refund. About 60% of taxpayers use an accountant to

    Companies are betting on AI to help lift productivity. Workers need to be part of the process
    Source: The Conversation (Au and NZ) – By Llewellyn Spink, AI Corporate Governance Lead, Human Technology Institute, University of Technology Sydney The Conversation, CC BY-NC Australia’s productivity is flatlining, posting the worst vitals we’ve seen in 60 years. Politicians and chief executives are prescribing artificial intelligence (AI) like it’s the new penicillin – a wonder

    Is Sabrina Carpenter’s Man’s Best Friend album cover satire or self-degradation? A psychology expert explores our reactions
    Source: The Conversation (Au and NZ) – By Katrina Muller-Townsend, Lecturer in Psychology, Edith Cowan University Island Records Sabrina Carpenter’s Man’s Best Friend album cover has fans divided. Carpenter poses on all fours, her glossy blond hair grasped by a male figure cropped from the frame. Her wide-eyed expression intensifies an ambiguous performance of subservience,

    Kicked out for coming out: more than half of LGBTIQ+ flatmates face discrimination for their identity
    Source: The Conversation (Au and NZ) – By Brodie Fraser, Senior Research Fellow, He Kāinga Oranga Housing and Health Research Programme, University of Otago Sangar Akreyi/Getty Images People who belong to the LGBTIQ+ community say flatting is fraught with difficulties that go well beyond learning new routines and sharing space with strangers. Our new research

    Tracing the Drax family’s millions – a story of British landed gentry, slavery and sugar plantations
    Source: The Conversation (Au and NZ) – By Paul Lashmar, Reader in Journalism, City St George’s, University of London ‘Planting the sugar-cane’: vast fortunes were made from the trades in both sugar and human slaves in the Americas. Schomburg Center for Research in Black Culture, Photographs and Prints Division, The New York Public Library Rich

    Nineteen Eighty-Four might have been inspired by George Orwell’s fear of drowning
    Source: The Conversation (Au and NZ) – By Nathan Waddell, Associate Professor in Twentieth-Century Literature, University of Birmingham George Orwell had a traumatic relationship with the sea. In August 1947, while he was writing Nineteen Eighty-Four (1949) on the island of Jura in the Scottish Hebrides, he went on a fishing trip with his young

    What happens when aid is cut to a large refugee camp? Kenyan study paints a bleak picture
    Source: The Conversation (Au and NZ) – By Olivier Sterck, Associate professor, University of Oxford Humanitarian needs are rising around the world. At the same time, major donors such as the US and the UK are pulling back support, placing increasing strain on already overstretched aid systems. Global humanitarian needs have quadrupled since 2015, driven

    Grok’s ‘white genocide’ responses show how generative AI can be weaponized
    Source: The Conversation (Au and NZ) – By James Foulds, Associate Professor of Information Systems, University of Maryland, Baltimore County Someone altered the AI chatbot Grok to make it insert text about a debunked conspiracy theory in unrelated responses. Cheng Xin/Getty Images The AI chatbot Grok spent one day in May 2025 spreading debunked conspiracy

    Politics with Michelle Grattan: an ‘impatient’ Jim Chalmers on taking political risks in Labor’s second term
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Asanka Ratnayake/Getty Images While the world’s media is largely focused on conflict in the Middle East, the focus for many Australians remains at home, with the government preparing the long task ahead of trying to lift Australia’s productivity. Last week,

    View from The Hill: Jim Chalmers wants to get on with economic reform and tax is in his sights
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Jim Chalmers speaking to the National Press Club June 18, 2025. Screenshot from the ABC Broadcast, CC BY-NC Jim Chalmers cast his Wednesday National Press Club speech as a second instalment in a two-part presentation that was kicked off by

    Iran’s long history of revolution, defiance and outside interference – and why its future is so uncertain
    Source: The Conversation (Au and NZ) – By Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University; and Vice Chancellor’s Strategic Fellow, Victoria University Israeli Prime Minister Benjamin Netanyahu has gone beyond his initial aim of destroying Iran’s ability to produce nuclear weapons. He has called on the Iranian people

    95 lawyers demand stronger NZ stand over Israel amid Middle East tensions
    Asia Pacific Report Ninety-five New Zealand lawyers — including nine king’s counsel — have signed a letter demanding Prime Minister Christopher Luxon, Foreign Minister Winston Peters and two other ministers urge the government to take a stronger stand against Israel’s “catastrophic” actions in Gaza. The letter has been sent amid rising tensions in the region,

    Gay and bisexual men will soon be able to donate blood and plasma
    Source: The Conversation (Au and NZ) – By Yasmin Mowat, Clinical Project Manager, Kirby Institute, UNSW Sydney AnnaStills/Getty Images Many gay and bisexual men have been excluded from donating blood and plasma (the liquid portion of blood) for decades because of rules developed during the HIV crisis in the 1980s. The Australian Red Cross’ blood

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Padilla Slams Energy Secretary for Budget Cuts Gutting American Renewable Energy, Technological Innovation, and Industry

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla Slams Energy Secretary for Budget Cuts Gutting American Renewable Energy, Technological Innovation, and Industry

    WASHINGTON, D.C. — Today, U.S. Senator Alex Padilla (D-Calif.) joined a Senate Energy and Natural Resources Committee hearing to question Secretary of Energy Chris Wright on President Trump’s America-last budget bill that would decimate the renewable energy economy, hamper American innovation and competitiveness with China, and hinder critical industrial development. Padilla called out Wright’s blatant hypocrisy for directly contradicting the three priorities he outlined during his confirmation hearing:
    1. To “unleash American energy at home and abroad to restore energy dominance;”
    2. To “lead the world in innovation and technology breakthroughs;” and
    3. To “build things in America again and remove barriers to progress.”
    Despite his stated support for American energy dominance, Wright’s budget request proposes a 74 percent reduction in the Office of Energy Efficiency and Renewable Energy budget and zeroing out the Wind and Solar Energy Technologies Offices. It also defunds the Office of Clean Energy Demonstrations, which was authorized in the Bipartisan Infrastructure Law. Padilla emphasized that solar energy was the fastest growing energy source in the world last year, and criticized the Trump Administration for undermining American energy leadership by trying to eliminate the Solar Energy Technologies Offices.
    Padilla blasted Wright for backtracking on his goal to restore American global leadership in technological and science innovation, highlighting the 14 percent cut to the Office of Science and a 57 percent cut to ARPA-E in the Trump Administration’s budget request. He pressed Secretary Wright on his previously stated support for the United States’ national labs — including premier research institutions in California — which Wright has called “crown jewels.” Padilla pushed Wright to preserve federal funding for these labs to protect America’s global competitiveness and national security.
    PADILLA: There seems to be a disconnect between what you say are priorities and your budget requests. It’s already been raised that these reductions would also lead to staff reductions in national labs, which we’ve recognized, you’re on the record, these are premier research institutions. When you came to California, you reaffirmed your commitment to the national labs, and you said that they were important to maintain and secure our “competitive advantage and security.” So unless I got that wrong, how do you expect the United States to lead the world when your budget proposal seeks to decimate our research and development capabilities?
    WRIGHT: It does hurt me to cut expending in science.
    PADILLA: Then don’t do it.
    WRIGHT: I share that passion with you.
    PADILLA: Then don’t do it.
    WRIGHT: I share that passion with you.
    PADILLA: Then don’t even propose it.
    The Department of Energy’s recent cancellation of 24 projects totaling $3.7 billion in investments under the Industrial Demonstrations Program undercut Wright’s commitment to restoring American industrial development. Padilla emphasized that these funds are meant to promote groundbreaking innovation in heavy industries like cement, glass, chemicals, and iron, among others, including three large California industrial projects that support thousands of jobs.
    PADILLA: It’s not just because billions of the public and private dollars are in California and the thousands of jobs related, but how does canceling industrial grants that lead to more industrial jobs further the goal of building things in America again?
    WRIGHT: Because an evaluation showed that the projects at the end were not viable. If we built, there’s no point in building a bridge to nowhere. If you make a factory, make a product 25 percent more expensive, but customers won’t pay 25 percent, where’s the win?
    PADILLA: Well, the projects that are being cut are more than just viable. I would argue they are critical, and we’ll be following up with you.
    Video of Senator Padilla’s questioning of Secretary Wright is available here.
    Earlier this year, Senator Padilla questioned Secretary Wright in a Senate Energy and Natural Resources Committee nomination hearing amid the devastating wildfires in Los Angeles. Padilla called out Wright for his 2023 LinkedIn post denying the link between climate change and the rise in more frequent and severe fires.
    More information on the hearing is available here.

    MIL OSI USA News –

  • MIL-OSI Economics: [Interview] Portals to Memory and Myth: Basim Magdy x Samsung Art TV

    Source: Samsung

     “Time, memory and history must always be revisited and questioned. Art gives us the freedom to do so without constraint.”
    — Basim Magdy, renowned artist
     
    Basim Magdy is a visionary Egyptian artist whose work merges dreamlike imagery with thought-provoking, philosophical narratives. Through layered photography and vibrant, otherworldly visuals, he invites viewers into worlds shaped by memory, myth and speculative futures. Now featured on Samsung Art Store as part of the Art Basel in Basel collection, his distinctive aesthetic brings moments of reflection into daily life.
     

    Magdy’s work reimagines living spaces as portals to imagined futures and poetic memories. Available exclusively on Samsung Art TVs, these pieces blur the line between art and atmosphere to deliver a gallery-quality experience at home. Expert-validated colors reveal every detail of his layered textures and experimental techniques — encouraging deeper engagement and sparking conversation.

     
    Samsung Newsroom sat down with Magdy to explore his creative process and the transformative power of art in everyday environments.
     
    ▲ Artist Basim Magdy poses at Samsung ArtCube at Art Basel in Basel.
     
     
    Partnerships, Presence and Possibilities
    Q: How has Art Basel in Basel played a role in your career?
     
    For over a decade, I’ve attended Art Basel in Basel every year — it continues to be one of the most exciting and inspiring art events for me. A recent highlight was having a large-scale photographic work presented in Art Basel Unlimited in 2022.
     
    This year, alongside the presentation of my work at the Samsung ArtCube lounge, I’m exhibiting expanded photography with Gypsum Gallery (Cairo) and paintings with hunt kastner (Prague).
     
    ▲ “An Intergalactic Messenger Teleported us to a Cave Settlement Ruled by Shared Compassion and Humility” (2022) by Basim Magdy
     
     
    Q: What led to your partnership with Samsung Art Store for this year’s Art Basel in Basel?
     
    It happened naturally. I was drawn to the idea of my work existing in a different context — one where it could reach new audiences including those who may not typically visit galleries or museums but who are still curious about art.
     
     
    Reframing Time Through Art
    Q: How did your visual and conceptual style develop into something both surreal and poetic?
     
    It took years of curiosity, experimentation and a desire to create a visual language that reflects who I am. Both poetry and the strange layers of reality have long shaped my thinking. Over time, my style evolved as I explored different artistic tools and mediums. Creating something surreal and poetic has allowed me to propose new ideas and reinterpret familiar ones in unexpected ways.
     
    “Art expresses what can’t be said in words.”
    — Basim Magdy, contemporary artist
     
    Q: Storytelling, memory and imagined futures are recurring themes in your art. What drives your interest in these narratives?
     
    I’ve become increasingly interested in how we perceive time. I think that awareness deepens with age — the realization that each passing moment is gone and what lies ahead will be different yet oddly familiar.
     
    Though time is a construct, its rhythms — like sunrises and sunsets — form the backdrop of our lives. History shapes how we understand the past and determines how memories are kept alive — an incredibly subjective process, often told through one point of view.
     
    That’s what fascinates me. It raises questions about what gets recorded and what was deemed unworthy of preservation. What about the countless lives that pass without being remembered or documented? Time, memory and history must always be revisited and questioned. Art gives us the freedom to do so without constraint.
     
     
    Art Without Rules, Technology Without Limits
    Q: Your media include chemically altered film and layered photography. How do you preserve their texture and nuance when translating these physical processes into digital formats for display?
     
    The urge to experiment is what drives me to work across different media. It’s rooted in asking questions and pushing limits. Translating analog processes into digital form is one of those explorations — and with it comes the challenge of maintaining texture, depth and complexity.
     
    ▲ Artist Basim Magdy is well known for his fusion of dreamlike imagery with thought-provoking, philosophical narratives.
     
     
    Q: With technology playing a bigger role in creating and experiencing art, how has it shaped your creative process or your approach to audience engagement?
     
    Technology is evolving constantly, and with it, the way we experience the world — not just art. Today, reality often exists simultaneously in physical space and on screens. In the end, I think my lived experiences — whether encountered in real life or on a screen — inform my art just as much as my imagination does.
     
    For me, art expresses what can’t be said in words. Technology is largely shaped by scientific research that operates within defined rules and systems. Art, on the other hand, is free from those constraints — so when artists engage with new technologies, the results are often surprising.
     
    ▲ Basim Magdy experiences the new Art Basel in Basel Collection at Samsung ArtCube.
     
     
    From Exhibition to Everyday
    Q: Your work is now featured on Samsung Art Store and displayed in homes around the world. How does being part of someone’s everyday environment shift your perspective on your art?
     
    It’s humbling. We each experience art through our own lens — shaped by who we are and where we’ve been. I hope my work resonates in ways that invite thought, emotion or a quiet moment of connection. For me, that kind of unspoken, personal response is the most fulfilling outcome.
     
     
    Q: Samsung Art Store turns a screen into a gallery. How do you feel your work resonates differently in a digital home setting compared to a traditional gallery or museum?
     
    Seeing art in a gallery or a museum is still ideal — but it’s also limited. A piece only exists in one place and not everyone can travel to see it, especially if it’s halfway across the world.
     
    Samsung Art Store offers a more intimate way to experience art. Someone can engage with a piece they connect with at their own pace, free from the limitations of gallery hours or institutional settings. The platform also gives access to audiences who may not have a chance to view my work through traditional means.
     
    Digital representations of art continue to evolve — and so do the ways we engage with them. I look forward to a future where we can project fully detailed images into space and where the digital experience of art might one day include touch, texture or even scent.
     
    “[Through Samsung Art Store, one] can engage with a piece at their own pace, free from the limitations of gallery hours or institutional settings.”
    — Basim Magdy, contemporary artist
     
    Q: If someone is encountering your work for the first time through Samsung Art Store in their home, what would you like them to notice or feel?
     
    I hope they experience something that stays with them — whether it’s a thought, feeling or subtle moment of curiosity. The way someone connects to art is deeply individual, and I try not to shape or influence that. It’s more meaningful when that sense of intimacy is preserved.

    MIL OSI Economics –

  • MIL-OSI New Zealand: Royal fern is a royal pain

    Source: NZ Department of Conservation

    Date:  19 June 2025

    Royal fern can colonise natural areas rapidly, growing up to 2 m high, and crowding out native species in already pressured wetlands and swamps. A deciduous fern, the bright green paper-thin fronds turn yellow and rusty orange in autumn, and each plant produces thousands of tiny spores easily spread by the wind, birds, and humans.

    Surveillance and control work in partnership with iwi, landowners and regional councils is happening in Taranaki, Waikato, Rotorua, and Northland. Susan Emmitt, Technical Advisor at DOC, says despite the intensive work, the fern is still spreading.

    “Royal fern is still being found in new places, as the spores disperse over long distances allowing new plants to establish in remote areas,” says Susan.

    “The fern has been targeted for eradication in Northland, and is being controlled in the Bay of Plenty, Taranaki, and Auckland. To try and halt its spread, we’ve drawn a containment line roughly halfway down the North Island.

    “We’re asking the public to report any sightings of the plant south of this line.”

    Royal fern is challenging to remove, as it thrives in wetland sites which are difficult to access on foot.

    “It can be dug out, roots and all, but this is slow and very labour intensive. We’re working alongside field teams to find the most efficient control methods.

    “It’s very easy to spread the spores around when we’re clearing the area, so we wear gloves and disposable overalls, and carefully double or triple-bag the fertile fronds once they’ve been cut. We also have rigorous decontamination procedures, so we don’t accidentally spread them from one site to another.”

    Drones are a valuable tool in the control of the invasive fern.

    “The distinct bright green leaves are easily visible from the air in wetlands, so we can use drones to monitor existing or treated sites,” says Susan. “This saves a lot of time and effort, letting us work faster and more effectively.”

    Autumn and early winter are the perfect time to spot this plant; royal fern fronds change colour in autumn, making the plants stand out. Members of the public are being asked to report sightings of royal fern from the Bay of Plenty and Taranaki southwards via iNaturalist or info@doc.govt.nz, including a photo and location.

    “Nature is in trouble, but all of us can help protect our species and habitats. Reporting royal fern is a small action to make a big difference; thanks to a report at Farewell Spit in March 2024, the site was able to be treated immediately and prevent a potentially catastrophic invasion.”

    Background information

    Royal fern (Osmunda regalis) is an Unwanted Organism under the Biosecurity Act 1993. This wetland weed has been targeted for eradication in Northland, and is being controlled in the Bay of Plenty and Auckland under the Regional Pest Management plans.

    It has spread southwards over the past few decades. Our surveillance operation aims to gain a better understanding of the southern distribution of royal fern with the aim of controlling and containing its spread and protecting high priority sites.

    Contact

    For media enquiries contact:

    Email: media@doc.govt.nz

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: 62 percent fewer scam texts reported after Internal Affairs crackdown

    Source: New Zealand Government

    Minister of Internal Affairs Brooke van Velden says the Department of Internal Affairs [the Department] has made significant progress in tackling scams in New Zealand, with a 62 per cent drop in reports of SMS scams in 2024 from 2023, following the Department’s investigations into scammers.
    The Department’s 2024 Digital Messaging Transparency Report, published this week, details some of the actions the Department has taken to catch people perpetrating scams, including by conducting search warrants and seizing equipment.
    “Scams cause serious financial and emotional harm, often preying on vulnerable people in our communities. I’m pleased the Department’s work is making a real impact in reducing scams and holding perpetrators accountable,” says Ms van Velden.
    In 2024 the Department received over 103,000 reports of SMS scams, conducted six search warrants, and seized almost $400,000 worth of scam equipment as well as $162,000 in cash. One of the search warrants resulted in the arrest of a 19-year-old Auckland man and the seizure of a cell site simulator. A cell site simulator is a false cell tower which tricks nearby mobile devices into connecting to the fraudulent network so that scam text messages can be sent to the connected phones.
    Commerce and Consumer Affairs Minister Scott Simpson, who is the lead anti-scams Minister, welcomes the report’s findings and highlights the Government’s increasing focus on keeping New Zealanders safer from scammers.
    “Online financial scams cause significant harm to New Zealanders – reported losses have been nearly $200 million a year, but some estimate this to be as high as $2 billion. Often scams affect the more vulnerable people in our community and our loved ones. We are taking action to change this. I intend to make announcements in due course on further work we intend to do to reduce scams across New Zealand,” says Mr Simpson.
    “The prevalence of scams also hurts the wider economy, as people become less comfortable with transacting online. Building back people’s trust by reducing scams is part of rebuilding the economy and reducing the cost of living,” says Ms van Velden.
    The report is available at: https://www.dia.govt.nz/Spam-Transparency-reports

    MIL OSI New Zealand News –

  • MIL-OSI Security: Travis AFB sends KC-46 across the Pacific to train with Misawa F-16s 

    Source: United States INDO PACIFIC COMMAND

    TRAVIS AIR FORCE BASE, Calif. — This past week, aircrews assigned to the 9th Air Refueling Wing and 60th Air Mobility Wing flew a KC-46A Pegasus to Misawa Air Base, Japan, showcasing the indispensable role of air refueling during an off-station training in support of F-16 Fighting Falcons assigned to the 14th Fighter Squadron (FS).

    MIL Security OSI –