Category: United States of America

  • MIL-OSI USA: Winter Arrives Early in Lesotho and South Africa

    Source: NASA

    A powerful storm system brought wintry conditions to Lesotho and South Africa in early June 2025. Snow blanketed higher elevations, while strong winds, cold temperatures, and heavy rains affected lower-elevation and coastal areas.
    The severe weather was fueled by a cut-off low, which occurs when an area of low pressure becomes cut off from the jet stream. The weather system parked over central and eastern South Africa and Lesotho on June 9 and 10. The storm had subsided by June 11, when the MODIS (Moderate Resolution Imaging Spectroradiometer) on NASA’s Terra satellite acquired these images.
    The left image shows the area in natural color, while the right image is false-color to help distinguish the snow (light blue) from clouds (white). (Note that small ice crystals in high-level clouds can also display a bluish tinge.) Fresh snow covers much of Lesotho, as well as portions of South Africa’s Eastern Cape and KwaZulu-Natal provinces. The snow created treacherous driving conditions and prompted closures of several sections of highway, according to news reports.
    Snow is typically sparse during the area’s short winter, although heavy snowfall occasionally occurs. In northern Lesotho, at an elevation of 3,050 meters (10,000 feet), the country’s sole ski resort maintains artificial snow on slopes that might otherwise be bare. But a different look ushered in the 2025 season. On June 9, the resort shared a video of whiteout conditions and a simple message: “We are snowed in.” They later reported accumulations of about 30 centimeters (12 inches).
    To the south and east of snow-affected regions, heavy rain triggered deadly flooding that submerged homes and damaged dozens of schools and hospitals, officials told news outlets. In addition, winds gusting up to 100 kilometers (60 miles) per hour toppled trees and knocked out power to hundreds of thousands of homes.
    NASA Earth Observatory images by Lauren Dauphin, using MODIS data from NASA EOSDIS LANCE and GIBS/Worldview. Story by Lindsey Doermann.

    MIL OSI USA News

  • MIL-OSI USA: NASA’s SLS Rocket: Booster Separation Motors

    Source: NASA

    NASA’s SLS (Space Launch System) solid rocket boosters are the largest, most powerful solid propellant boosters to ever fly. Standing 17 stories tall and burning approximately six tons of propellant every second, each booster generates 3.6 million pounds of a thrust for a total of 7.2 million pounds: more thrust than 14 four-engine jumbo commercial airliners. Together, the SLS twin boosters provide more than 75 percent of the total thrust at launch. Each booster houses eight booster separation motors which are responsible for separating the boosters from the core stage during flight.
    At the top of each booster is the frustum—a truncated cone-shaped structure that, along with the nose cone, forms the aerodynamic fairing. This frustum houses four of the separation motors, while the remaining four are located at the bottom within the aft skirt.
    Image Credit: NASA/Kevin O’Brien
    For more information on the Artemis Campaign, visit:

    Artemis

    Jonathan DealMarshall Space Flight Center, Huntsville, Ala. 256-544-0034 jonathan.e.deal@nasa.gov

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom prevails in blocking Trump’s militarization of Los Angeles

    Source: US State of California 2

    Jun 12, 2025

    “A win for all Americans”

    What you need to know: Standing up for American citizens and the nation’s foundational ban on martial law in peacetime, Governor Newsom and Attorney General Bonta today secured an emergency restraining order blocking President Trump’s takeover of the state guard and militarization of Los Angeles.

    SAN FRANCISCO – Following President Trump’s doubling down on the militarization of the Los Angeles area through the takeover of 4,000 California National Guard soldiers and the unlawful deployment of the U.S. Marines, Governor Newsom and Attorney General Bonta today succeeded in securing a court order blocking President Trump’s illegal takeover of the California National Guard (CalGuard) and militarization of Los Angeles.

    “Our success today in court is a win for all Americans. The President’s action to turn the military against its own citizens threatened our democracy and moved us dangerously close to authoritarianism. We will continue to stand up for our democracy and the rights of all Americans. The country is watching.”

    Governor Gavin Newsom

    Today’s decision granted Governor Newsom’s emergency request to revert control of Cal Guard personnel back to the governor after being unlawfully and unconstitutionally seized by President Trump and the Department of Defense.

    The request was filed as part of the Governor’s lawsuit against President Trump, Defense Secretary Pete Hegseth, and the Department of Defense (DOD), charging violations of the U.S. Constitution and the President’s Title 10 authority, not only because the takeover occurred without the consent or input of the Governor, as federal law requires, but also because it was unwarranted. 

    The lawsuit was filed as President Trump declared the federalization of 2,000 Cal Guard servicemembers after community members began protesting violent and widespread Immigration and Customs Enforcement (ICE) operations in the Los Angeles region, which began on June 6. 

    Illegal militarization 

    On June 7, one day after the protests began, President Trump issued a memorandum purporting to authorize the DOD to call up 2,000 National Guard personnel into federal service for a period of 60 days, and declaring a “form of rebellion against the authority of the Government of the United States” and directing the Secretary of Defense to coordinate with state governors and the National Guard to commandeer state militias. 

    The action puts the sovereignty of every state in the country in danger, as his order was not specific to California and suggests that the President believes he can assume control of any state militia. 

    The U.S. Constitution and the Title 10 authority the President invoked in the memo require that the Governor consent to federalization of the National Guard, which Governor Newsom was not given the opportunity to do prior to their deployment and which he confirmed he had not given shortly after thereafter. The President’s unlawful order infringes on Governor Newsom’s role as Commander-in-Chief of the California National Guard and violates the state’s sovereign right to control and have available its National Guard in the absence of a lawful invocation of federal power.

    Additionally, DOD has expanded Cal Guard’s duties, ordering them to assist ICE agents in civilian law enforcement activities — including arresting and detaining immigrants and others who may be suspected or accused of interfering with ICE — a direct violation of the U.S. Constitution and the rights of American citizens. 

    Cleaning up Trump’s mess

    On Saturday, there were 250+ protesters in the area pre-National Guard deployment. On Sunday, the number of protesters grew to 3,000+ post-deployment by the federal government. Their federalization is inviting and incentivizing demonstrations.

    After President Trump’s impulsive memo and actions to send the military to the Los Angeles region, the state continued to work with local partners to surge 800+ additional state and local law enforcement officers into Los Angeles to clean up President Trump’s mess.  Local and state law enforcement has had to intervene to protect public safety. The National Guard is currently standing sentry outside federal buildings, with local and state law enforcement doing all of the work.

    The President’s actions have not only caused widespread panic and chaos, but have unnecessarily created an additional diversion of resources as the state tries to calm a community terrorized by this reckless federal action. 

    The hypocrisy is on full display

    In 2020, Trump said he wouldn’t federalize National Guard members without the approval of the state’s Governor first. His own Department of Homeland Security leader said just last year that federalizing the National Guard would be a direct attack on state rights. The federal administration is adding more National Guard soldiers and Marines to an already charged situation when they are unneeded. There are 1,600 soldiers waiting for commands at armories in the area. 

    Press releases, Recent news

    Recent news

    News What you need to know: Former secretaries of the Army and Navy and retired four-star admirals and generals filed an amicus brief in support of the Governor’s motion to block the Trump administration’s illegal militarization of downtown Los Angeles. SACRAMENTO –…

    News What you need to know: Governor Newsom signed an executive order further advancing California’s clean vehicle transition by kickstarting development of next-generation policy to spur innovation, updating state vehicle purchasing requirements, and directing the…

    News LOS ANGELES –  President Trump continues efforts to turn the military into his own personal police force against American citizens in Los Angeles.  Prior to this week, President Trump and members of his administration have repeatedly and publicly declared that a…

    MIL OSI USA News

  • MIL-OSI: MoneyHero Group Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • Adjusted EBITDA loss improved by 49% YoY to US$(3.3) million
    • Improving revenue mix with high-margin insurance and wealth revenue accounting for 25% of revenue, up 11 pp YoY
    • Cost of revenue fell by 55% YoY and accounted for 44% of revenue, down 20 pp

    SINGAPORE , June 13, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the first quarter ended March 31, 2025.

    Management Commentary:

    Rohith Murthy, Chief Executive Officer, stated:

    “We began 2025 with strong momentum, building on the strategic pivot we initiated last year. In Q1, we made significant financial progress — reducing net loss to US$(2.4) million from US$(13.1) million during the same period last year, improving our Adjusted EBITDA loss to US$(3.3) million, and lowering our cost of revenue by 20-points to 44% of total revenue. These improvements reflect our disciplined focus on enhancing revenue quality, operating leverage, and margin expansion.

    “Our strategy is delivering. By reallocating resources toward higher-margin verticals such as insurance and wealth, we are steering the business toward sustainable, profitable growth. These verticals now account for 25% of total revenue, an increase of 11-points year-over-year. Notably, our car insurance platform, launched in partnership with bolttech, is outperforming our expectations by driving higher conversion rates and recurring revenue with seamless end-to-end journeys and real-time pricing.

    “We have also made substantial operational efficiency gains. Following last year’s restructuring to reset our cost base, we are leveraging AI across the organization to maintain a lean cost structure as we scale. From content creation and service automation to engineering workflows, AI is enhancing workforce productivity, reducing inquiry volumes, and improving user experience — all while keeping expenses flat. Consequently, our unit economics continue to improve quarter after quarter.

    “Our member base is rapidly expanding, with registered MoneyHero Group Members increasing by 38% year-over-year to over 8 million. Leveraging these insights, we have refined our strategy and optimized our marketing spend to deliver highly personalized offers that boost user engagement – achieving stronger results with marketing costs falling 25% year-over-year.

    “We are encouraged to see growing signs of recovery in the Philippines, a key market for us. After a major banking partner exited last year, we recently secured new partnerships with BPI and RCBC, restoring product supply across key verticals. These partnerships significantly strengthen our market position and offerings, and we anticipate a meaningful rebound in our performance during the second half of 2025 as these partnerships scale.

    “Looking ahead, our priority throughout the remainder of the first half of 2025 will be to consolidate our recent operational gains. In the second half, we expect to accelerate topline growth by activating our robust pipeline of banking partnerships, strategically scaling our higher-margin insurance business, and launching Credit Hero Club in collaboration with TransUnion. Credit Hero Club will provide consumers with free credit scores, credit monitoring, and personalized financial product recommendations, thereby driving higher user engagement and conversion rates. This strengthens our confidence in accelerating our revenue growth and reaching positive Adjusted EBITDA in the later part of the year.

    “With no debt and US$36.6 million in cash, we are well-positioned to invest in high-return growth initiatives and capitalize on opportunities as the regional personal finance comparison sector evolves. Our focus on disciplined execution, quality growth, and prudent capital deployment uniquely position us to lead market consolidation, deliver long-term shareholder value, and scale efficiently in a dynamic environment.”

    Danny Leung, interim Chief Financial Officer, added:

    “Our financial performance during the quarter clearly reflects the progress we are making following our strategic pivot in the second half of 2024, with a strong focus on revenue quality and disciplined operational management.

    “While revenue declined 35% year-over-year as part of our strategic focus on improving quality, revenue mix substantially improved with high-margin verticals increasingly accounting for a larger proportion. Personal loans increased from 15% to 17% of total revenue, insurance grew from 8% to 13%, and wealth surged from 6% to 12%, further reducing our reliance on relatively lower-margin credit cards which decreased 13-points to 57%. Cost of revenue also fell by 55% year-over year and accounted for 44% of total revenue, a 20-point decrease. Combined, this significantly improved gross margins and underscores the effectiveness of our strategy to reposition toward higher-quality, sustainable revenue.

    “Our operational efficiency initiatives are already proving to be highly effective, with total operating expenses falling by 26% year-over-year across advertising and marketing, technology, employee benefits, and general administrative costs. We are carefully managing costs while strategically investing in growth areas such as customer acquisition, technology re-platforming, and advanced data infrastructure.

    “As a direct result of expanding gross margins and reduced operating expenses, net loss narrowed substantially to US$(2.4) million this quarter from US$(13.1) million during the same period last year—a significant improvement of over US$10 million. Adjusted EBITDA loss also improved markedly, narrowing from US$(6.4) million to US$(3.3) million year-over-year, underscoring our clear trajectory toward sustainable profitability.

    “Looking ahead, we expect Adjusted EBITDA to improve throughout 2025, supported by steadily expanding margins and sustained operational efficiency. We remain confident in our ability to achieve positive Adjusted EBITDA in the later part of the year. Our strong cash position and disciplined investment strategy will ensure we remain focused on profitable growth and delivering sustained value to our shareholders.”

    First Quarter 2025 Financial Highlights

    • Revenue decreased by 35% year-over-year to US$14.3 million in the first quarter of 2025, reflecting a strategic shift toward diversifying revenue mix to enhance revenue quality and the high base effect set during the same period last year with significant marketing and customer acquisition spending in the credit card vertical to expand market share.
      • Revenue from insurance products increased by 4% year-over-year to US$1.9 million in the first quarter of 2025, accounting for 13% of total revenue, compared to 8% during the same period last year.
      • Revenue from wealth products increased by 20% year-over-year to US$1.7 million in the first quarter of 2025, accounting for 12% of total revenue, compared to 6% during the same period last year.
    • Cost of revenue decreased by 55% year-over-year to US$6.4 million and accounted for 44% of revenue, a decrease of 20 percentage points from 64% during the same period last year, reflecting improved gross margins through rewards costs optimization.
    • Total operating costs and expenses, excluding net foreign exchange differences, decreased to US$18.3 million in the first quarter of 2025 from US$30.4 million during the same period last year. This reduction was driven by more targeted and cost-efficient marketing campaigns, combined with strategic streamlining of technology costs to simplify workflows, and a comprehensive HR cost restructuring initiative.
    • Net loss for the period narrowed sharply to US$(2.4) million during the first quarter of 2025, compared to US$(13.1) million in the same period last year, supported by lower operating costs as well as lower non-operating expenses including foreign exchange differences and changes in fair value of financial instruments.
    • Adjusted EBITDA loss improved to US$(3.3) million in the first quarter of 2025 from US$(6.4) million in the prior year period.

    First Quarter 2025 Operational Highlights

    • Monthly Unique Users for the three months ended March 31, 2025, of 5.7 million
    • MoneyHero Group Members, to whom the Company provides more tailored product information and recommendations, grew by 38% year-over-year to 8.1 million as of March 31, 2025
    • MoneyHero sourced 399,000 applications and had 155,000 approved applications in the first quarter of 2025

    Capital Structure

    The table below summarizes the capital structure of the Company as of March 31, 2025:

    Share Class Issued and Outstanding
    Class A Ordinary 29,949,1931
    Class B Ordinary 13,254,838
    Preference Shares 2,407,575
    Total Issued Shares 45,611,606
    Employee Equity Options 618,7172
    Issued Class A Ordinary Shares Underlying Employee Equity Options (618,717)3
    Total Issued and Issuable Shares4 45,611,606

    _____________________________________
    1
    Includes 618,717 shares issued to Computershare Hong Kong Investor Services Limited (“Computershare”) which are held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.
    2 Includes granted but unexercised options as well as exercised options, pursuant to which the shares have not yet been issued as of March 31, 2025.
    3 Issued in advance to Computershare and held in trust pending exercise of share options and settlement by Computershare to the underlying exercising option holder.
    4 Public Warrants, Sponsor Warrants, Class A-1 Warrants, Class A-2 Warrants and Class A-3 Warrants are excluded since they are out of the money.

    Summary of financial / KPI performance

      For the Three Months Ended
    March 31,
     
      2025   2024    
      (US$ in thousands, unless otherwise noted)  
    Revenue 14,314   22,175    
    Adjusted EBITDA (3,309 ) (6,440 )  
           
    Clicks (in thousands)5 2,081   N/A    
    Applications (in thousands)6 399   495    
    Approved Applications (in thousands)6 155   206    
           

    Revenue breakdown

      For the Three Months Ended
    March 31,
     
      2025 2024  
      US$ % US$ %  
      (US$ in thousands, except for percentages)  
    By Geographical Market:          
    Singapore 5,084 35.5 8,944 40.3  
    Hong Kong 6,396 44.7 7,716 34.8  
    Taiwan 1,054 7.4 1,402 6.3  
    Philippines 1,779 12.4 3,979 17.9  
    Malaysia 133 0.6  
    Total Revenue 14,314 100.0 22,175 100.0  
               
    By Source:          
    Online financial comparison platforms 12,638 88.3 18,058 81.4  
    Creatory 1,676 11.7 4,117 18.6  
    Total Revenue 14,314 100.0 22,175 100.0  
               
    By Vertical:          
    Credit cards 8,173 57.1 15,426 69.6  
    Personal loans and mortgages 2,495 17.4 3,297 14.9  
    Wealth 1,663 11.6 1,387 6.3  
    Insurance 1,892 13.2 1,827 8.2  
    Other verticals 91 0.6 239 1.1  
    Total Revenue 14,314 100.0 22,175 100.0  
               

    _____________________________________
    5 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable click data for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.
    6 Due to the nature of our business, there is often a delay in receiving confirmation of the number of Applications and Approved Applications by our commercial partners. As a result, the disclosed figures may utilize estimations if data is unavailable.

    Key Metrics

      For the Three Months Ended
    March 31, 2025
      (in millions, except for percentages)
    Monthly Unique Users7  
    Singapore   1.3           22.6 %
    Hong Kong   1.0           17.3 %
    Taiwan   1.8           31.2 %
    Philippines   1.7           29.0 %
    Total   5.7
              100.0 %
         
    Total Traffic7    
    Singapore   3.1           17.6 %
    Hong Kong   3.3           18.7 %
    Taiwan   5.9           33.5 %
    Philippines   5.3           30.1 %
    Total   17.5           100.0 %
       
      As of March 31,
      2025
    2024
      (in millions, except for percentages)
    MoneyHero Group Members  
    Singapore 1.4 16.7 % 1.2   21.0 %
    Hong Kong 0.9 11.0 % 0.7   12.6 %
    Taiwan 0.4 4.6 % 0.3   4.5 %
    Philippines 5.5 67.7 % 3.4   57.2 %
    Malaysia 0.0 0.0 % 0.3   4.8 %
    Total 8.1 100.0 % 5.9
      100.0 %
                   

    Conference Call Details

    The Company will host a conference call and webcast on Friday, June 13, 2025, at 8:00 a.m. Eastern Standard Time / 8:00 p.m. Singapore Standard Time to discuss the Company’s financial results. The MoneyHero Limited (NASDAQ: MNY) Q1 2025 Earnings call can be accessed by registering at:

    Webcast: https://edge.media-server.com/mmc/p/q7ymzw9v
    Conference call: https://register-conf.media-server.com/register/BI715b6ae9a0fa497a9a90877eaad916ac

    The webcast replay will be available on the Investor Relations website for 12 months following the event.

    _____________________________________
    7 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable monthly unique users and total traffic for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.

    About MoneyHero Group
    MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 260 commercial partner relationships as at March 31, 2025, and had approximately 5.7 million Monthly Unique Users across its platform for the three months ended March 31, 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

    Key Performance Metrics and Non-IFRS Financial Measures

    Historically, we utilized data from Universal Analytics (“UA”), Google’s analytics platform, to measure three key business metrics: monthly unique users, traffic, and clicks. Effective July 1, 2024, Google Analytics 4 (“GA4”) replaced UA. The methodologies used in GA4 are different and not comparable to the methodologies used in UA. While Google has provided some guidance on these differences, Google has not made available sufficient information for us to assess the impact (whether positive or negative) of this transition on our key business metrics, nor can we quantify the extent of such impact. Furthermore, due to the adoption of GA4, we have adjusted our definitions of these key business metrics to enhance accuracy and align them more closely with previous definitions under UA. Therefore, we are unable to provide comparable data for monthly unique user, traffic, and clicks for any periods prior to July 1, 2024.

    “Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from GA4. A session begins when a user opens an app in the foreground or views a page or screen while no other session is currently active (e.g., the prior session has ended). A session concludes after 30 minutes of user inactivity. To measure Monthly Unique Users over a period longer than one month, we calculate the average of the Monthly Unique Users for each month within that period. If an individual accesses a website or app from different devices within a given month, each device is counted as a separate unique user. However, if an individual logs in and accesses a website or app using the same login across different devices, they will only be counted as one unique user.

    “Traffic” means the total number of unique sessions in GA4. A unique session is a group of user interactions recorded when a user accesses a website or app within a 30-minute window. The current session concludes when there is 30 minutes of inactivity or users have a change in traffic source.

    “MoneyHero Group Members” means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated.

    “Clicks” means the sum of unique clicks by product item on a tagged “Apply Now”, “Express Buy”, “Buy” or similar button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates.

    “Applications” means the total number of product applications submitted by users and confirmed by our commercial partners.

    “Approved Applications” means the number of applications that have been approved and confirmed by our commercial partners.

    In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as profit/(loss) for the year/period and profit/(loss) before income tax.

    Adjusted EBITDA is a non-IFRS financial measure defined as loss for the year/period plus depreciation and amortization, interest income, finance costs, income tax expenses/(credit), equity-settled share-based payment expenses, transaction expenses, changes in the fair value of financial instruments, non-recurring legal fees, and unrealized foreign exchange differences. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue.

    A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP.

      For the Three Months Ended
    March 31,
      2025   2024  
      (US$ in thousands)
    Loss for the period (2,449 ) (13,100 )
    Tax expenses   52  
    Depreciation and amortization 302   981  
    Interest income (131 ) (595 )
    Finance costs 14   8  
         
    EBITDA (2,265 ) (12,654 )
         
    Non-cash items:    
    Changes in fair value of financial instruments (473 ) 1,346  
    Equity settled share-based payment arising from employee share incentive scheme 441   623  
    Unrealized foreign exchange (gain)/loss, net (1,012 ) 4,036  
         
    Listing and other non-recurring strategic exercises related items:    
    Transaction expenses   35  
         
    Other non-recurring items:    
    Non-recurring legal fees   174  
         
    Adjusted EBITDA (3,309 ) (6,440 )
         
    Revenue 14,314   22,175  
    Adjusted EBITDA (3,309 ) (6,440 )
    Adjusted EBITDA Margin (23.1 )% (29.0 )%
             

    Forward Looking Statements

    This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2024 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.

    For inquiries, please contact:

    Investor Relations:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media Relations:
    MoneyHero PR Team
    Press@MoneyHeroGroup.com

    Unaudited Consolidated Statements of Loss and Other Comprehensive (Loss)/Income

      For the Three Months Ended
    March 31,
    (US$ in thousands, except for loss per share) 2025   2024  
       
    Revenue 14,314   22,175  
         
    Cost and expenses:    
    Cost of revenue (6,363 ) (14,106 )
    Advertising and marketing expenses (4,584 ) (6,132 )
    Technology costs (816 ) (1,851 )
    Employee benefit expenses (4,354 ) (5,878 )
    General, administrative and other operating expenses (2,190 ) (2,387 )
    Foreign exchange differences, net 954   (4,112 )
         
    Operating loss (3,040 ) (12,291 )
         
    Other income/(expenses):    
    Other income 131   597  
    Finance costs (14 ) (8 )
    Changes in fair value of financial instruments 473   (1,346 )
         
    Loss before tax (2,449 ) (13,048 )
    Income tax expense   (52 )
    Loss for the period (2,449 ) (13,100 )
         
    Other comprehensive (loss)/income    
    Other comprehensive (loss)/income that may be classified to profit or loss in subsequent periods (net of tax):    
    Exchange differences on translation of foreign operations (1,378 ) 3,713  
         
    Other comprehensive (loss)/income that will not be reclassified to profit or loss in subsequent periods (net of tax):    
    Remeasurement gains on defined benefit plan   1  
    Other comprehensive (loss)/income for the period, net of tax (1,378 ) 3,714  
         
    Total comprehensive loss for the period, net of tax (3,827 ) (9,386 )
         
    Loss per share attributable to ordinary equity holders of the parent    
    Basic and diluted (0.1 ) (0.3 )
             

    Unaudited Consolidated Statements of Financial Position

      As of March 31, As of December 31,
    (US$ in thousands) 2025 2024
         
    NON-CURRENT ASSETS    
    Non-current financial asset 600 600
    Intangible assets 1,215 1,018
    Property and equipment 174 215
    Right-of-use assets 1,034 744
    Deposits 36 25
    Total non-current assets 3,059 2,601
         
    CURRENT ASSETS    
    Accounts receivable 14,559 13,538
    Contract assets 12,571 11,825
    Prepayments and other assets 9,413 10,149
    Tax recoverable 108 63
    Pledged bank deposits 188 185
    Cash and cash equivalents 36,634 42,522
    Total current assets 73,472 78,282
         
    CURRENT LIABILITIES    
    Accounts and other payable 29,400 30,209
    Warrant liabilities 920 1,393
    Lease liabilities 625 442
    Tax payable 33 32
    Provisions 30 71
    Total current liabilities 31,007 32,147
         
    NET CURRENT ASSETS 42,465 46,135
         
    TOTAL ASSETS LESS CURRENT LIABILITIES 45,524 48,736
         
    NON-CURRENT LIABILITIES    
    Lease liabilities 424 294
    Provisions 42
    Deferred tax liabilities 30 30
    Defined benefit liabilities 187 185
    Total non-current liabilities 683 509
         
    Net assets 44,841 48,227
         
    EQUITY    
    Issued capital 4 4
    Reserves 44,837 48,223
    Total equity 44,841 48,227
         

    The MIL Network

  • Yoga Connect 2025: Global Summit on ‘Yoga for One Earth, One Health’ to be held tomorrow in New Delhi

    Source: Government of India

    Source: Government of India (4)

    In a significant lead-up to the 11th International Day of Yoga (IDY), the Ministry of Ayush is set to host ‘Yoga Connect 2025’, a hybrid global summit, on June 14, at Vigyan Bhawan in New Delhi. Centered around the theme “Yoga for One Earth, One Health,” the summit will bring together an esteemed gathering of yoga practitioners, policymakers, health experts, business leaders, and researchers from India and around the world.

    Organized by the Central Council for Research in Yoga and Naturopathy (CCRYN), the event will feature over 1,000 participants attending in person, with many more joining virtually from leading international yoga institutions and wellness communities. Delegates from countries such as Bahrain, the United States, the United Kingdom, and South Korea will be participating, reflecting the growing global influence of India’s yoga movement.

    A major highlight of the summit will be the release of the ‘Yoga Prabhava’ report, a comprehensive nationwide study conducted by CCRYN. This report evaluates the impact of the International Day of Yoga over the past decade, offering valuable insights into the reach, effectiveness, and transformative potential of yoga initiatives across the country. It is expected to be a key resource for academicians, public health professionals, and policy researchers.

    Alongside this report, the summit will also unveil three important publications. The first is an e-book titled “Decadal Impact of Yoga,” capturing the evolution and influence of yoga in India and abroad over the last ten years. The second is a detailed report on the scientometric analysis of yoga research, providing a data-driven perspective on global yoga scholarship. The third, “Bhartiya Vriksha Vaibhavam,” is an illustrative booklet highlighting the significance of native Indian trees and their ecological and cultural relevance.

    The summit will feature a range of thematic sessions addressing yoga’s role in the prevention of non-communicable diseases, research on the Common Yoga Protocol, the impact of IDY, and emerging innovations under the Yoga-Tech domain. Other discussions will explore the applications of yoga in women’s health across life stages, yoga’s growing integration into commerce and industry, and the broader vision of making yoga accessible for all.

    Several renowned figures from the yoga world are expected to attend and share their perspectives, including Swami Baba Ramdevji, Acharya Balkrishna, HR Nagendraji, His Holiness Bikkhu Sanghasena, and Sri Bharath Bhushanji. Their participation will add depth to discussions on yoga’s role in enhancing personal wellness and advancing public health.

    ‘Yoga Connect 2025’ is not just a celebration of yoga’s achievements over the past decade; it is also a forward-looking platform for global collaboration, innovation, and inclusive wellness. The summit marks ten years since the United Nations officially designated June 21 as the International Day of Yoga in 2014, a move that catalyzed India’s global yoga movement. It also commemorates yoga’s recognition by UNESCO as a symbol of India’s intangible cultural heritage.

  • MIL-OSI USA: Congressman Scott Perry Introduces “Republic of Somaliland Independence Act”

    Source: United States House of Representatives – Congressman Scott Perry (PA-10)

    Washington, D.C. – Today, Congressman Scott Perry (PA-10) introduced the Republic of Somaliland Independence Act, legislation formally recognizing Somaliland as a separate, independent nation. The bill redirects U.S. foreign policy to align with a new, stable and self-governing partner in a region of increasing strategic importance to the United States.

    For more than three decades, Somaliland demonstrated the kind of governance, stability, and cooperation that America should support,said Congressman Perry.Foreign adversaries are on the march in Africa and around the globe, and it’s in our national interest to strengthen relationships with reliable partners who share our values and contribute to our security – whenever and wherever possible.

    Somaliland straddles key global shipping routes located along the Gulf of Aden near the Bab el-Mandeb Strait. Currently, the government and political system of Somaliland already operates independently of Mogadishu, the unstable, conflict-ridden and fractured capitol city of Somalia. Somalia’s meritless claims over Somaliland hinder the United States’ ability to forge deeper diplomatic ties with Somaliland, a responsible partner nation that maintains internal order, conducts democratic elections, and actively counters piracy and extremism.

    Somaliland has established itself as a stable, democratic, and reliable partner in East Africa. As China expands its influence across the globe, strengthening our alliances with free nations like Somaliland is more important than ever, said Congressman Andy Ogles (TN-O5). “I support the people of Somaliland in their pursuit of independence and look forward to building a strong partnership with them as allies.

    This is a smart, strategic bill, and I’m proud to be an original cosponsor of Congressman Perry’s effort to recognize Somaliland. They’ve governed themselves peacefully for decades, built strong ties with Taiwan, and refused to bow to the Chinese Communist Party. They’ve even offered the U.S. military access to a key port in the Gulf of Aden. That’s what a real partner looks like, and it’s time we treated them like one,” said Congressman Pat Harrigan (NC-10). 

    It is a simple fact that Somaliland is a sovereign and self-governing nation separate from Somalia, and U.S. policy should reflect that, said Congressman Tom Tiffany (WI-07).

    At a time of intensifying competition with China, Iran, and other hostile actors in the region and around the globe, the United States cannot afford to brush off allies. This bill ensures American leadership remains strong in East Africa, and sends a clear signal that the U.S. will stand with responsible partners who uphold stability and sovereignty.

    MIL OSI USA News

  • Shadow of War Falls Over Strait of Hormuz After Israel Strikes Iran

    Source: Government of India

    Source: Government of India (4)

    Israel launched widescale strikes against Iran on Friday, saying it targeted nuclear facilities, ballistic missile factories and military commanders during the start of a prolonged operation to prevent Tehran from building an atomic weapon.

    Iran, which has denied such intentions, has in the past threatened to close the Strait of Hormuz for traffic in retaliation to Western pressure. Experts have said that any closure of the strait could restrict trade and impact global oil prices.

    Below are details about the strait:

    The strait lies between Oman and Iran and links the Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond.

    It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just two miles (three km) wide in either direction.

    WHY DOES IT MATTER?

    About a fifth of the world’s total oil consumption passes through the strait. Between the start of 2022 and last month, roughly 17.8 million to 20.8 million barrels of crude, condensate and fuels flowed through the strait daily, according to data from Vortexa.

    OPEC members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, mainly to Asia.

    The UAE and Saudi Arabia have sought to find other routes to bypass the strait.

    Around 2.6 million bpd of unused capacity from existing UAE and Saudi pipelines could be available to bypass Hormuz, the U.S. Energy Information Administration said in June last year.

    Qatar, among the world’s biggest liquefied natural gas (LNG) exporters, sends almost all of its LNG through the strait.

    Iran has threatened over the years to block the strait but has never followed through.

    The U.S. Fifth Fleet, based in Bahrain, is tasked with protecting commercial shipping in the area.

    HISTORY OF TENSIONS

    In 1973, Arab producers led by Saudi Arabia slapped an oil embargo on Western supporters of Israel in its war with Egypt.

    While Western countries were the main buyers of crude produced by the Arab countries at the time, nowadays Asia is the main buyer of OPEC’s crude.

    The United States more than doubled its oil liquids production in the last two decades and has turned from the world’s biggest oil importer into one of the top exporters.

    During the 1980-1988 Iran-Iraq War, the two sides sought to disrupt each other’s exports in what was called the Tanker War.

    In July 1988, a U.S. warship shot down an Iranian airliner, killing all 290 aboard, in what Washington said was an accident and Tehran said was a deliberate attack.

    In January 2012, Iran threatened to block the strait in retaliation for U.S. and European sanctions. In May 2019, four vessels – including two Saudi oil tankers – were attacked off the UAE coast, outside the Strait of Hormuz.

    (Reuters)

  • MIL-OSI: Bilibili Inc. Announces Completion of the Repurchase Right of Its 1.25% Convertible Senior Notes due 2027

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, June 13, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it has completed its previously announced repurchase right relating to its 1.25% Convertible Senior Notes due 2027 (CUSIP No. 090040AD8) (the “Notes”). The repurchase right expired at 5:00 p.m., New York City time, on Thursday, June 12, 2025. Based on information from Deutsche Bank Trust Company Americas as the paying agent for the Notes, US$66,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right. The aggregate cash purchase price of these Notes is US$66,000. The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    The MIL Network

  • MIL-OSI Africa: Multi-pronged approach to combat gang violence

    Source: South Africa News Agency

    Multi-pronged approach to combat gang violence

    Government is embarking on a multi-pronged approach to address gang-related crime and its underlying socio-economic causes, Deputy President Paul Mashatile said.

    Speaking on the Justice, Crime Prevention and Security (JCPS) Cabinet Committee’s strategy, the Deputy President emphasised that combating crime requires more than traditional policing.

    He further highlighted several key points of the strategy, which include the development of a national anti-gang initiative, the enhancement of anti-gang units within the South African Police Service (SAPS), the implementation of Operation Shanela to focus on strategic law enforcement efforts, and an emphasis on community engagement and collaboration with stakeholders.

    The need for a multi-disciplinary approach involving various government departments to address crime effectively was also emphasised.

    “This strategy, supported by the anti-gang action plan, focuses on gangsterism through intelligence gathering, proactive policing, community engagement and stakeholder collaboration in this regard,” he said during a question-and-answer session in Parliament on Thursday.

    WATCH | Question and answer session in the National Assembly
     

    READ | Deputy President to respond to oral questions

    Additionally, the country’s second-in-command said the SAPS is working around the clock to investigate and finalise gang-related cases, including drug trafficking, shootings and murders.

    “As a result, according to the latest statement released by SAPS, ongoing operations, which are focusing on combating and preventing crime, including gender-based violence and femicide [GBVF], have led to the arrest of more than 13 000 suspects.”

    He believes that the latest statistics show a significant decrease in most crime categories compared to the previous financial year but added that more efforts are needed.

    As the Chair of the JCPS, he stated that he will continue to engage with the Minister of Police, the National Police Commissioner, and the MECs of Safety in all provinces. 

    Their goal is to enhance efforts in combating organised crime and gang-related killings, particularly in provinces like KwaZulu-Natal and the Western Cape, where these issues are prevalent.

    “Our goal is to eliminate immediate threats posed by crime and gangs in identified high crime areas, while fostering a safe and secure environment for long-term stability.”

    The Deputy President emphasised a multidisciplinary approach, engaging various government departments to tackle root causes such as poverty and unemployment.

    He noted that economic growth and job creation are crucial in preventing youth from turning to criminal activities.

    Water issues 

    The Deputy President discussed the Water Task Team’s efforts to address water shortages, with a focus on 105 non-performing municipalities and enhancing municipal service management. 

    The team was established by President Cyril Ramaphosa  last year under the leadership of the Deputy President to address water challenges in various areas in the country.

    The Deputy President told the Members of Parliament that the Department of Water and Sanitation has established oversight structures and a specialised unit for priority projects and that a comprehensive water debt management plan is recommended. 

    “We are going to carefully look at the resolutions of the Water Indaba because it does address, particularly these issues, because some of the municipalities can’t be water authorities,” he said. 

    READ | Call for national turnaround plan on water security

    In addition, he stated that consequence management for underperforming municipal managers is being considered. 
    “So, we are going to look at how we can, where possible, assist them to be effective in generating revenue. We have realised that poor maintenance of facilities is one of the biggest problems. 

    “If you visit many of our cities, you’ll find that there are problems with leakages and that non-revenue water is a significant issue. So, we’re going to work with them to try and deal with those challenges.” 

    HIV and AIDS

    Shifting focus to HIV and AIDS, he said the withdrawal of US$8 billion in the President’s Emergency Plan for AIDS Relief (PEPFAR) funding for the HIV/AIDS programme will be offset by increased government spending and engagement with other markets. This as funding by the United States Government has been withdrawn. – SAnews.gov.za

    Gabisile

    MIL OSI Africa

  • China tells G7 to stop ‘manipulating’ China issues for its own agenda

    Source: Government of India

    Source: Government of India (4)

    China warned the Group of Seven advanced economies on Friday against “manipulating” issues related to the world’s second-largest economy for their own agenda, after they accused Beijing of unfair business practices a year earlier.

    Beijing’s criticism of the G7 and what it represents comes amid a surge in global trade tension between the United States and China this year, as well as within the bloc’s membership.

    In remarks ahead of a three-day G7 summit in Canada set to start from Sunday, Lin Jian, a spokesperson of the Chinese foreign ministry, accused the group of having always upheld a Cold War mentality.

    The bloc should “stop interfering in other countries’ internal affairs, stop undermining other countries’ development, (and) stop manipulating issues related to China,” Lin told a regular news conference.

    The G7 provokes conflicts and confrontations, said Lin, adding that such practices were “doomed to fail”.

    In the communique after its 2024 summit in Italy that mentioned China more than 20 times, the G7 said its companies needed to be protected from China’s unfair business practices.

    It also warned of action against Chinese financial institutions that helped Russia obtain weapons for its war in Ukraine.

    The participation of countries beyond the grouping, such as India and Brazil, in last year’s event also irked China, which viewed the move as a bid to sow discord among countries of the Global South.

    New leaders will represent five of the G7’s members – Britain, Canada, Germany, Japan and the United States – at next week’s summit.

    (Reuters)

  • MIL-Evening Report: Greta Thunberg tried to shame Western leaders – and found they have no shame

    ANALYSIS: By Jonathan Cook in Middle East Eye

    If you imagined Western politicians and media were finally showing signs of waking up to Israel’s genocide in Gaza, think again.

    Even the decision this week by several Western states, led by the UK, to ban the entry of Bezalel Smotrich and Itamar Ben Gvir, two far-right Israeli cabinet ministers, is not quite the pushback it is meant to seem.

    Britain, Australia, Canada, New Zealand and Norway may be seeking strength in numbers to withstand retaliation from Israel and the United States. But in truth, they have selected the most limited and symbolic of all the possible sanctions they could have imposed on the Israeli government.

    Their meagre action is motivated solely out of desperation. They urgently need to deter Israel from carrying through plans to formally annex the Occupied West Bank and thereby tear away the last remnants of the two-state comfort blanket — the West’s solitary pretext for decades of inaction.

    And as a bonus, the entry ban makes Britain and the others look like they are getting tough with Israel on Gaza, even as they do nothing to stop the mounting horrors there.

    Even the Israeli Ha’aretz newspaper’s senior columnist Gideon Levy mocked what he called a “tiny, ridiculous step” by the UK and others, saying it would make no difference to the slaughter in Gaza. He called for sanctions against “Israel in its entirety”.

    “Do they really believe this punishment will have some sort of effect on Israel’s moves?” Levy asked incredulously.

    2500 sanctions on Russia
    Remember as Britain raps two cabinet ministers on the knuckles that the West has imposed more than 2500 sanctions on Russia.

    While David Lammy, the UK’s Foreign Secretary, worries about the future of a non-existent diplomatic process — one trashed by Israel two decades ago — Palestinian children are still starving to death unseen.

    The genocide is not going to end unless the West forces Israel to stop. This week more than 40 Israeli military intelligence officers went on an effective strike, refusing to be involved in combat operations, saying Israel was waging a “clearly illegal” and “eternal war” in Gaza.

    Yet Starmer and Lammy will not even concede that Israel has violated international law.  

    What is clear is that British Prime Minister Keir Starmer’s sighs of regret last month — expressing how “intolerable” he finds the “situation” in Gaza — were purely performative.

    Starmer and the rest of the Western establishment have continued tolerating what they claim to find “intolerable”, even as the death toll from Israel’s bombs, gunfire and starvation campaign grow day by day.

    Those emaciated children — profoundly malnourished, their stick-then legs covered by the thinnest membrane of skin — aren’t going to recover without meaningful intervention. Their condition won’t stabilise while Israel deprives them of food day after day. Sooner or later they will die, mostly out of our view.

    Parents must risk lives
    Meanwhile, desperate parents must now risk their lives, forced to run the gauntlet of Israeli gunfire, in a — usually forlorn — bid to be among the handful of families able to grab paltry supplies of largely unusable, dried food. Most families have no water or fuel to cook with.

    As if mocking Palestinians, the Western media continue to refer to this real-life, scaled-up Hunger Games — imposed by Israel in place of the long-established United Nations relief system — as “aid distribution”.

    We are supposed to believe it is addressing Gaza’s “humanitarian crisis” even as it deepens the crisis.

    On the kindest analysis, Western capitals are settling back into a mix of silence and deflections, having got in their excuses just before Israel crosses the finishing line of its genocide.

    They have readied their alibis for the moment when international journalists are allowed in — the day after the population of Gaza has either been exterminated or violently herded into neighbouring Sinai.

    Or more likely, a bit of both.

    Truth inverted
    What distinguishes Israel’s ongoing slaughter of the two million-plus people of Gaza is this. It is the first stage-managed genocide in history. It is a Holocaust rewritten as public theatre, a spectacle in which every truth is carefully inverted.

    That can best be achieved, of course, if those trying to write a different, honest script are eliminated. The extent and authorship of the horrors can be edited out, or obscured through a series of red herrings, misdirecting onlookers.

    Israel has murdered more than 220 Palestinian journalists in Gaza over the past 20 months, and has been keeping Western journalists far from the killing fields.

    Like the West’s politicians, the foreign correspondents finally piped up last month — in their case, to protest at being barred from Gaza. No less than the politicians, they were keen to ready their excuses.

    They have careers and their future credibility to think about, after all.

    The journalists have publicly worried that they are being excluded because Israel has something to hide. As though Israel had nothing to hide in the preceding 20 months, when those same journalists docilely accepted their exclusion — and invariably regurgitated Israel’s deceitful spin on its atrocities.

    If you imagine that the reporting from Gaza would have been much different had the BBC, CNN, The Guardian or The New York Times had reporters on the ground, think again.

    The truth is the coverage would have looked much as it has done for more than a year and a half, with Israel dictating the story lines, with Israel’s denials foregrounded, with Israel’s claims of Hamas “terrorists” in every hospital, school, bakery, university, and refugee camp used to justify the destruction and slaughter.

    British doctors volunteering in Gaza who have told us there were no Hamas fighters in the hospitals they worked in, or anyone armed apart from the Israeli soldiers that shot up their medical facilities, would not be more believed because Jeremy Bowen interviewed them in Khan Younis rather than Richard Madeley in a London studio.

    Breaking the blockade
    If proof of that was needed, it came this week with the coverage of Israel’s brazen act of piracy against a UK-flagged ship, the Madleen, trying to break Israel’s genocidal aid blockade.

    Israel’s law-breaking did not happen this time in sealed-off Gaza, or against dehumanised Palestinians.

    Israel’s slaughter of the two million-plus people of Gaza is the first stage-managed genocide in history. It is a Holocaust rewritten as public theatre

    Israel’s ramming and seizure of the vessel took place on the high seas, and targeted a 12-member Western crew, including the famed young Swedish climate activist Greta Thunberg. All were abducted and taken to Israel.

    Thunberg was trying to use her celebrity to draw attention to Israel’s illegal, genocidal blockade of aid. She did so precisely by trying to break that blockade peacefully.

    The defiance of the Madleen’s crew in sailing to Gaza was intended to shame Western governments that are under a legal — and it goes without saying, moral — obligation to stop a genocide under the provisions of the 1948 Genocide Convention they have ratified.

    Western citizens wring hands
    Western capitals have been ostentatiously wringing their hands at the “humanitarian crisis” of Israel starving two million people in full view of the world.

    The Madleen’s mission was to emphasise that those states could do much more than tell two Israeli cabinet ministers they are not welcome to visit. Together they could break the blockade, if they so wished.

    Britain, France and Canada — all of whom claimed last month that the “situation” in Gaza was “intolerable” — could organise a joint naval fleet carrying aid to Gaza through international waters. They would arrive in Palestinian territorial waters off the coast of Gaza.

    At no point would they be in Israel territory.

    Any attempt by Israel to interfere would be an act of war against these three states — and against Nato. The reality is Israel would be forced to pull back and allow the aid in.

    But, of course, this scenario is pure fantasy. Britain, France and Canada have no intention of breaking Israel’s “intolerable” siege of Gaza.

    None of them has any intention of doing anything but watch Israel starve the population to death, then describe it as a “humanitarian catastrophe” they were unable to stop.

    The Madleen has preemptively denied them this manoeuvre and highlighted Western leaders’ actual support for genocide — as well as let the people of Gaza know that a majority of the Western public oppose their governments’ collusion in Israel’s criminality.

    ‘Selfie yacht’
    The voyage was intended too as a vigorous nudge to awaken those in the West still slumbering through the genocide. Which is precisely why the Madleen’s message had to be smothered with spin, carefully prepared by Israel.

    The Israeli Foreign Ministry issued statements calling the aid ship a “celebrity selfie yacht“, while dismissing its action as a “public relations stunt” and “provocation”. Israeli officials portrayed Thunberg as a “narcissist” and “antisemite”.

    When Israeli soldiers illegally boarded the ship, they filmed themselves trying to hand out sandwiches to the crew — an actual stunt that should appall anyone mindful that, while Israel was concern-trolling Western publics about the nutritional needs of the Madleen crew, it was also starving two million Palestinians to death, half of them children.

    Did the British government, whose vessel was rammed and invaded in international waters, angrily protest the attack? Did the reliably patriotic British media rally against this humiliating violation of UK sovereignty?

    No, Starmer and Lammy once again had nothing to say on the matter.

    They have yet to concede that Israel is even breaking international law in denying the people of Gaza all food and water for more than three months, let alone acknowledge that this actually constitutes genocide.

    Instead, Lammy’s officials — 300 of whom have protested against the UK’s continuing collusion in Israeli atrocities — have been told to resign rather than raise objections rooted in international law.

    Bypass legal advisers
    According to sources within the Foreign Office cited by former British ambassador Craig Murray, Lammy has also insisted that any statements relating to the Madleen bypass the government’s legal advisers.

    Why? To allow Lammy plausible deniability as he evades Britain’s legal obligation to respond to Israel’s assault on a vessel sailing under UK protection.

    The media, meanwhile, has played its own part in whitewashing this flagrant crime — one that has taken place in full view, not hidden away in Gaza’s conveniently engineered “fog of war”.

    Much of the press adopted the term “selfie yacht” as if it were their own. As though Thunberg and the rest of the crew were pleasure-seekers promoting their social media platforms rather than risking their lives taking on the might of a genocidal Israeli military.

    They had good reason to be fearful. After all, the Israeli military shot dead 10 of their predecessors — activists on the Mavi Marmara aid ship to Gaza — 15 years ago. Israel has killed in cold blood American citizens such as Rachel Corrie, British citizens such as Tom Hurndall, and acclaimed journalists such as Shireen Abu Akleh.

    And for those with longer memories, the Israeli air force killed more than 30 American servicemen in a two-hour attack in 1967 on the USS Liberty, and wounded 170 more. The anniversary of that crime — covered up by every US administration — was commemorated by its survivors the day before the attack on the Madleen.

    ‘Detained’, not abducted
    Israel’s trivialising smears of the Madleen crew were echoed uncritically from Sky News and The Telegraph to LBC and Piers Morgan. 

    Strangely, journalists who had barely acknowledged the tsunami of selfies taken by Israeli soldiers glorifying their war crimes on social media were keenly attuned to a supposed narcissistic, selfie culture rampant among human-rights activists.

    As Thunberg headed back to Europe on Tuesday, the media continued with its assault on the English language and common sense. They reported that she had been “deported” from Israel, as though she had smuggled herself into Israel illegally rather than being been forcibly dragged there by the Israeli military.

    But even the so-called “serious” media buried the significance both of the Madleen’s voyage to Gaza and of Israel’s lawbreaking. From The Guardian and BBC to The New York Times and CBS, Israel’s criminal attack was characterised as the aid ship being “intercepted” or “diverted”, and of Israel “taking control” of the vessel.

    For the Western media, Thunberg was “detained”, not abducted.

    The framing was straight out of Tel Aviv. It was a preposterous narrative in which Israel was presented as taking actions necessary to restore order in a situation of dangerous rule-breaking and anarchy by activists on a futile and pointless excursion to Gaza.

    The coverage was so uniform not because it related to any kind of reality, but because it was pure propaganda — narrative spin that served not only Israel’s interests but that of a Western political and media class deeply implicated in Israel’s genocide.

    Arming criminals
    In another glaring example of this collusion, the Western media chose to almost immediately bury what should have been explosive comments last week from Israeli Prime Minister Benjamin Netanyahu.

    He admitted that Israel has been arming and cultivating close ties with criminal gangs in Gaza.

    He was responding to remarks from Avigdor Lieberman, a former political ally turned rival, that some of those assisted by Israel are affiliated to the jihadist group Islamic State. The most prominent is named Yasser Abu Shabab.

    The Western media either ignored this revelation or dutifully accepted Netanyahu’s self-serving characterisation of these ties as an alliance of convenience: one designed to weaken Hamas by promoting “rival local forces” and opening up new “post-war governing opportunities”.

    The real aim — or rather, two aims: one immediate, the other long term — are far more cynical and disturbing.

    More than six months ago, Palestinian analysts and the Israeli media began warning that Israel — after it had destroyed Gaza’s ruling institutions, including its police force – was working hand in hand with newly reinvigorated criminal gangs.

    Israel’s immediate aim of arming the criminals — turning them into powerful militias — was to intensify the breakdown of law and order. That served as the prelude to a double-barrelled Israeli disinformation campaign.

    Instead of the UN’s trusted and wide distribution network across Gaza, the GHF’s four “aid hubs” were perfectly designed to advance Israel’s genocidal goals

    Prime looting position
    These gangs were put in a prime position to loot food from the United Nations’ long-established aid distribution system and sell it on the black market. The looting helped Israel falsely claim both that Hamas was stealing aid from the UN and that the international body had proven itself unfit to run humanitarian operations in Gaza.

    Israel and the US then set about creating a mercenary front group — misleadingly called the Gaza Humanitarian Foundation — to run a sham replacement operation.

    Instead of the UN’s trusted and wide distribution network across Gaza, the GHF’s four “aid hubs” were perfectly designed to advance Israel’s genocidal goals.

    They are located in a narrow strip of territory next to the border with Egypt. Palestinians are forced to ethnically cleanse themselves into a tiny area of Gaza — if they are to stand any hope of eating — in preparation for their expulsion into Sinai.

    They have been herded into a massively congested area without the space or facilities to cope, where the spread of disease is guaranteed, and where they can be more easily massacred by Israeli bombs.

    An increasingly malnourished population must walk long distances and wait in massive crowds in the heat in the hope of small handouts of food. It is a situation engineered to heighten tensions, and lead to chaos and fighting.

    All of which provide an ideal pretext for Israeli soldiers to halt “aid distribution” pre-emptively in the interests of “public safety” and shoot into the crowds to “neutralise threats”, as has happened to lethal effect day after day.

    Repeated ‘aid hub’ massacres
    The repeated massacres at these “aid hubs” mean that the most vulnerable — those most in need of aid — have been frightened off, leaving gang members like Abu Shabab’s to enjoy the spoils.

    On Wednesday, Israel massacred at least 60 Palestinians, most of them seeking food, in what has already become normalised, a daily ritual of bloodletting that is already barely making headlines.

    And to add insult to injury, Israel has misrepresented its own drone footage of the very criminal gangs it arms, looting aid from trucks and shooting Palestinian aid-seekers as supposed evidence of Hamas stealing food and of the need for Israel to control aid distribution.

    All of this is so utterly transparent, and repugnant, it is simply astonishing it has not been at the forefront of Western coverage as politicians and media worry about how “intolerable the situation” in Gaza has become.

    Instead, the media has largely taken it as read that Hamas “steals aid”. The media has indulged an entirely bogus Israeli-fuelled debate about the need for aid distribution “reform”.

    And the media has equivocated about whether it is Israeli soldiers shooting dead those seeking aid.

    Of course, the media has refused to draw the only reasonable conclusion from all of this: that Israel is simply exploiting the chaos it has created to buy time for its starvation campaign to kill more Palestinians.

    Calibrated warlordism
    But there is much more at stake. Israel is fattening up these criminal gangs for a grander, future role in what used to be termed the “day after” — until it became all too clear that the period in question would follow the completion of Israel’s genocide.

    It comes as no surprise to any Palestinian to hear confirmation from Netanyahu that Israel has been arming criminal gangs in Gaza, even those with affiliations to Islamic State.

    It should not surprise any journalist who has spent serious time, as I have, living in a Palestinian community and studying Israel’s colonial control mechanisms over Palestinian society.

    For years, Israel’s ultimate vision for the Palestinians – if they cannot be entirely expelled from their historic homeland – has been of carefully calibrated warlordism

    Palestinian academics have understood for at least two decades — long before Hamas’ lethal one-day break-out from Gaza on 7 October 2023 — why Israel has invested so much of its energy in dismantling bit by bit the institutions of Palestinian national identity in the occupied West Bank and East Jerusalem.

    The goal, they have been telling me and anyone else who would listen, was to leave Palestinian society so hollowed out, so crushed by the rule of feuding criminal gangs, that statehood would become inconceivable.

    As the Palestinian political analyst Muhammad Shehada observes of what is taking place in Gaza: “Israel is NOT using [the gangs] to go after Hamas, they’re using them to destroy Gaza itself from the inside.”

    For years, Israel’s ultimate vision for the Palestinians — if they cannot be entirely expelled from their historic homeland — has been of carefully calibrated warlordism. Israel would arm a series of criminal families in their geographic heartlands.

    Each would have enough light arms to terrorise their local populations into submission, and fight neighbouring families to define the extent of their fiefdom.

    None would have the military power to take on Israel. Instead they would have to compete for Israel’s favour — treating it like some inflated Godfather —  in the hope of securing an advantage over rivals.

    In this vision, the Palestinians — one of the most educated populations in the Middle East – are to be driven into a permanent state of civil war and “survival of the fittest” politics. Israel’s ambition is to eviscerate Palestinian social cohesion as effectively as it has bombed Gaza’s cities “into the Stone Age”.

    Divinely blessed
    This is a simple story, one that should be all too familiar to European publics if they were educated in their own histories.

    For centuries, Europeans spread outwards — driven by a supremacist zealotry and a desire for material gain — to conquer the lands of others, to steal resources, and to subordinate, expel and exterminate the natives that stood in their way.

    The native people were always dehumanised. They were always barbarians, “human animals”, even as we — the members of a supposedly superior civilisation — butchered them, starved them, levelled their homes, destroyed their crops.

    Our mission of conquest and extermination was always divinely blessed. Our success in eradicating native peoples, our efficiency in killing them, was always proof of our moral superiority.

    We were always the victims, even while we humiliated, tortured and raped. We were always on the side of righteousness.

    Israel has simply carried this tradition into the modern era. It has held a mirror up to us and shown that, despite all our grandstanding about human rights, nothing has really changed.

    There are a few, like Greta Thunberg and the crew of the Madleen, ready to show by example that we can break with the past. We can refuse to dehumanise. We can refuse to collude in industrial savagery. We can refuse to give our consent through silence and inaction.

    But first we must stop listening to the siren calls of our political leaders and the billionaire-owned media. Only then might we learn what it means to be human.

    Jonathan Cook is a writer, journalist and self-appointed media critic and author of many books about Palestine. Winner of the Martha Gellhorn Special Prize for Journalism. Republished from the author’s blog with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Video: UK Lord O’Neill of Gatley: Lord Speaker’s Corner | House of Lords | Episode 29

    Source: United Kingdom UK House of Lords (video statements)

    ‘The US is just so obsessed about being big, it doesn’t understand that by others becoming bigger, the US can become wealthier.’

    Jim O’Neill, Lord O’Neill of Gatley, is an ex-Treasury Minister, former Chief Economist at Goldman Sachs and Crossbench member of the House of Lords.

    In this latest episode of Lord Speaker’s Corner, Lord O’Neill shares his perspectives with Lord McFall of Alcluith on a range of topics, from China and the USA to AI, the risks of rising antimicrobial resistance and why Manchester should be prioritised as Britain’s second city.

    At Goldman Sachs, Lord O’Neill coined the term BRIC (Brazil, Russia, India, China) to describe the group of emerging economies. In this episode he shares his thoughts on how that has progressed, as well as President Donald Trump’s current tariffs approach by the US. He explains ‘the path which Trump seems to have embarked on, of aggressive confrontation, is not likely to be sustained because it is in America’s interests for China to continue to do well economically.’

    He also shares his thoughts on the current approach to AI, warning against letting tech sectors self-regulate: ‘this idea that just let the financial sector regulate itself and there’d be no problem…that didn’t turn out too well, did it? And there’s a lot of these AI guys wanting to do the same.’

    Lord O’Neill also calls for greater devolution, with powers for regions to raise local taxes, suggesting ‘people here (in Westminster) need to have excitement about giving responsibility to local people in these places to make a national difference.’ He also calls for devolution on welfare-spending with health-linked budgets for local authorities: ‘There’s a serious case for exploring devolving aspects of the welfare support budget as it links to critical health illness’

    See more from the series https://www.parliament.uk/business/lords/house-of-lords-podcast/

    #HouseOfLords #UKParliament #LordSpeakersCorner #LordsMembers

    https://www.youtube.com/watch?v=3BHfC5saj3g

    MIL OSI Video

  • MIL-OSI USA: Padilla Applauds U.S. District Court Ruling Rejecting Trump’s Federalizing of the National Guard

    US Senate News:

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

    Padilla Applauds U.S. District Court Ruling Rejecting Trump’s Federalizing of the National Guard

    LOS ANGELES, CA — Today, U.S. Senator Alex Padilla (D-Calif.) issued the following statement after a U.S. District Court ruled that the President exceeded his constitutional authority in bypassing Governor Newsom to deploy the California National Guard to Los Angeles:

    “Five days ago, President Trump tried to commandeer the California National Guard to manufacture a crisis and abuse his power. He put the safety of our Guard and our local law enforcement at risk to create a spectacle and intimidate peaceful protesters.

    “Tonight’s ruling is a victory for the people of California and for the rule of law.”

    MIL OSI USA News

  • Air India crash: PM Modi visits Ahmedabad crash site, assesses damage, meets injured

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday visited the site of the Air India crash in Ahmedabad, where the London-bound flight carrying 242 people went down a day earlier.

    The aircraft crashed minutes after takeoff from Sardar Vallabhbhai Patel International Airport, killing 241 people. Only one passenger – a British national of Indian origin – survived.

    “The scene of devastation is saddening,” PM Modi said in a post on X after reviewing the wreckage. “Met officials and teams working tirelessly in the aftermath. Our thoughts remain with those who lost their loved ones in this unimaginable tragedy.”

    After his visit to the crash site, the Prime Minister proceeded to Ahmedabad Civil Hospital, where he met the injured and offered support to grieving families. He also interacted with doctors and medical staff — including those who had been hurt in the crash — and reviewed the condition of patients receiving treatment.

    Later, the Prime Minister chaired a high-level review meeting in Ahmedabad, joined by Gujarat Chief Minister Bhupendra Patel, Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu, State Home Minister Harsh Sanghavi, and other senior officials from both the Central and State governments.

    Flight AI-171, headed to London Gatwick, crashed into the hostel complex of BJ Medical College at 1:38 p.m. IST on Thursday, triggering a massive blaze and a large-scale emergency response.

    Union Home Minister Amit Shah visited the crash site on Thursday and later chaired a high-level meeting with Civil Aviation Minister Naidu, Gujarat Chief Minister Bhupendra Patel, and senior officials to review relief and rescue measures.

    Shah said DNA testing was underway to confirm the identities of the victims and assured that results would be delivered at the earliest by Gujarat’s Forensic Science Laboratory (FSL) and the National Forensic Sciences University (NFSU). DNA samples of family members arriving from abroad would be collected on arrival, he added.

    A formal investigation into the crash has been launched by the Aircraft Accident Investigation Bureau (AAIB) in accordance with international protocols under the International Civil Aviation Organization (ICAO), said Civil Aviation Minister Naidu. A high-level expert committee is also being formed to examine the incident and suggest safety improvements to prevent future tragedies.

    The United States National Transportation Safety Board (NTSB) announced it would send a team of investigators to India to assist the AAIB.

    “The NTSB will be leading a team of US investigators travelling to India to assist the Aircraft Accident Investigation Bureau with its investigation into the crash of an Air India Boeing 787 in Ahmedabad, India, Thursday,” the agency said, noting that all official updates would come from the Indian government under ICAO’s Annex 13 protocols.

    Rescue and Relief Operations Continue

    Rescue operations continued through the night as teams sifted through debris for missing aircraft parts.

    Parts of the plane’s fuselage were scattered around the smouldering building into which it crashed. The tail of the plane was stuck on top of the building.

    Air India CEO Campbell Wilson reached Ahmedabad early Friday. The airline said it had set up Friends & Relatives Assistance Centres at Ahmedabad, Mumbai, Delhi, and Gatwick airports to support the families of those on board.

    “These centres are facilitating the travel of family members to Ahmedabad,” Air India posted on X. Emergency contact numbers were also issued for those seeking information: 1800 5691 444 for calls from within India, and +91 8062779200 for international callers.

    The Tata Group, which took over Air India in 2022, announced a compensation of Rs 1 crore for the family of each deceased passenger.

    “Tata Group will provide Rs 1 crore to the families of each person who has lost their life in this tragedy. We will also cover the medical expenses of those injured and ensure that they receive all necessary care and support. Additionally, we will provide support in the building up of the B J Medical’s hostel,” Tata Sons Chairman N Chandrasekaran said on X.

    Earlier, Air India released a breakdown of the nationalities of those on board: 169 were Indian nationals, 53 British, seven Portuguese, and one Canadian.

    (With inputs from agencies)

  • MIL-OSI Asia-Pac: President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel

    Source: Republic of China Taiwan

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

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

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

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

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

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

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Statement from Secretary Wright on Presidential Action Blocking Radical Green Agenda in the Columbia River Basin

    Source: US Department of Energy

    WASHINGTON — The Department of Energy (DOE) today released the following statement from U.S. Secretary of Energy Chris Wright on President Trump’s Presidential Memorandum halting the Biden Administration’s radical Columbia River Basin policy:

    “The Snake River Dams have been tremendous assets to the Pacific Northwest for decades, providing high-value electricity to millions of American families and businesses. With this action, President Trump is bringing back common sense, reversing the dangerous and costly energy subtraction policies pursued by the last administration. American taxpayer dollars will not be spent dismantling critical infrastructure, reducing our energy-generating capacity or on radical nonsense policies that dramatically raise prices on the American people.”

    Today’s Presidential Memorandum revokes the Biden Administration’s “Restoring Healthy and Abundant Fish” directive and directs federal agencies, including the Energy Department, to withdraw from costly policies that would have resulted in the elimination of over 3,000 megawatts of secure and reliable hydroelectric generating capacity – enough generation to power 2.5 million American homes.

    The Biden-era MOU required the federal government to spend over $1 billion and comply with 36 pages of costly, onerous commitments aimed at replacing services provided by the Lower Snake River Dams and advancing the possibility of breaching them. Breaching the dams would have doubled the region’s risk of power shortages, driven wholesale electricity rates up by as much as 50%, and cost as much as $31.3 billion to replace.

    MIL OSI USA News

  • MIL-OSI Security: Tenderloin Fentanyl Dealer Sentenced To More Than 11 Years In Federal Prison For Drug Trafficking Offenses

    Source: Office of United States Attorneys

    SAN FRANCISCO – Maria Valle-Rodriguez, 47, a Honduran national, was sentenced yesterday to 135 months (11 years and three months) in federal prison for drug trafficking offenses in the Bay Area.  Her co-defendants, Emilson Valle-Zuniga, 33, and Jonsan Valle-Rodriguez, 31, both Honduran nationals, were previously sentenced on May 21, 2025, to federal prison terms of 42 months and 24 months, respectively.  U.S. District Judge Jacqueline Scott Corley handed down all three sentences.

    A federal grand jury indicted all three defendants in December 2023, and all three pleaded guilty on Aug. 21, 2024.  Maria Valle-Rodriguez pleaded guilty to distribution of 40 grams or more of a mixture and substance containing fentanyl, possession with intent to distribute methamphetamine, possession with intent to distribute fentanyl, and possession with intent to distribute methamphetamine.  Valle-Zuniga pleaded guilty to possession with intent to distribute fentanyl and possession with intent to distribute methamphetamine.  Jonsan Valle-Rodriguez pleaded guilty to possession with intent to distribute fentanyl.

    According to their plea agreements, between August and December 2023, Maria Valle-Rodriguez, Valle-Zuniga, and Jonson Valle-Rodriguez engaged in a drug trafficking conspiracy with each other and unindicted co-conspirators to sell fentanyl, methamphetamine, and other controlled substance in the Tenderloin District of San Francisco and in Oakland.  Maria Valle-Rodriguez admitted to engaging in multiple sales of fentanyl and/or methamphetamine.  For part of this time, Maria Valle-Rodriguez had multiple vehicles registered to her name that she and her codefendants used to drive from Oakland into the Tenderloin District during the nighttime hours to deal drugs.  

    The defendants, who are related, lived together with several minor children in an apartment in Oakland that was used for drug trafficking.  Maria Valle-Rodriguez admitted knowing that there was fentanyl in the apartment where she resided with several minor children.  

    On Dec. 12, 2023, law enforcement executed search warrants on the defendants’ residence and vehicles connected to and being driven by them.  In total, law enforcement recovered approximately eight pounds of fentanyl and fentanyl analogue, two gross pounds of methamphetamine, as well as over $127,000 in cash at the premises and in the vehicles connected to the drug trafficking conspiracy.  

    United States Attorney Craig H. Missakian and DEA Special Agent in Charge Bob P. Beris made the announcement.

    Maria Valle-Rodriguez had been out of custody pending sentencing so she could receive medical care.  While out on bond, she was arrested on April 29, 2025, by San Francisco Police Department officers at an apartment where officers were executing a search warrant related to a drug trafficking operation.  Large quantities of drugs were found at the apartment where Maria Valle-Rodriguez was residing.  A minor child was also living at the residence.  

    In addition to the prison term, Judge Corley also sentenced Maria Valle-Rodriguez to a four-year period of supervised release.  Valle-Zuniga and Jonsan Valle-Rodriguez were each sentenced to a three-year term of supervised release.  

    Assistant U.S. Attorney Ivana Djak is prosecuting the case with the assistance of Lance Libatique and Gabriel Flesher.  The prosecution is the result of an investigation by the DEA.   
     

    MIL Security OSI

  • MIL-OSI Security: Former State Correctional Officer Pleads Guilty To Planting Prison Contraband That He Then Pretended To Discover

    Source: Office of United States Attorneys

    SAN FRANCISCO – Avelino Ramirez, a former K-9 sergeant at California state correctional facilities, pleaded guilty in federal court today to one count of wire fraud in connection with a scheme to plant contraband that he would then discover.

    Ramirez, 52, of Vallejo, Calif., was indicted by a federal grand jury on Oct. 31, 2024.  According to his plea agreement, from approximately 2013 to September 2022, Ramirez worked as an Investigative Services Unit K-9 Officer with the California Department of Corrections and

    Rehabilitation at San Quentin State Prison.  In September 2022, he was promoted to K-9 sergeant and began working at the California Medical Facility in Vacaville, Calif., around November 2022.

    From October 2021 to February 2024, Ramirez engaged in a scheme to smuggle and then plant contraband in common areas of San Quentin State Prison and the California Medical Facility, which he would then pretend to discover.  Ramirez did so in order to hold himself out as a successful K-9 officer with the hope that it would help him obtain a promotion to K-9 sergeant.  The contraband items Ramirez planted included drugs, such as methamphetamine, marijuana, and cocaine; drug paraphernalia; tobacco; cell phones; and weapons.  At times, Ramirez mixed the narcotics he planted in the prisons with salt and/or sugar and mixed the marijuana he planted in the prisons with lawn trimmings.

    Ramirez also sought to inflate his salary by claiming overtime related to searches where contraband was recovered pursuant to his fraudulent scheme and writing reports of these false discoveries.  In total, Ramirez fraudulently obtained approximately $8,200 in overtime pay.

    United States Attorney Craig H. Missakian and FBI Special Agent in Charge Sanjay Virmani made the announcement.

    Ramirez is currently released on bond.  Ramirez’s sentencing hearing is scheduled for Sept. 18, 2025, at 1:30 p.m. before U.S. District Judge William H. Orrick.  Defendant faces a maximum statutory penalty of 20 years in prison and a $250,000 fine for the violation of 18 U.S.C. § 1343.  Any sentence will be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

    Assistant U.S. Attorney Benjamin K. Kleinman is prosecuting the case with the assistance of Amala James and Lance Libatique.  The prosecution is the result of an investigation by the FBI.
     

    MIL Security OSI

  • MIL-OSI USA: Mississippi Should Keep U.S. History Assessment

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., and Mary Werner, Mississippi Education Board Member, penned an op-ed in Mississippi Today on the importance of keeping the U.S. history assessment in public schools. The Mississippi Board of Education will have a final vote in June to decide if the test should be eliminated. Senator Wicker and Ms. Werner argue that the history assessment is worth keeping as students prepare to enter higher education and the workforce.

    Sen. Roger Wicker and Education Board Member: Mississippi Should Keep U.S. History Assessment

    “The Mississippi Board of Education will soon decide whether to end the U.S. history assessment that our students must pass before receiving a high school diploma.

    Today, Mississippi students take four subject matter tests before graduating. Three are federally mandated: algebra, biology, and English. U.S. history is not, so it has landed on the chopping block. Some students would undoubtedly welcome the change, but we believe it would do them a disservice.

    One of us is a member of the Board of Education — and the only one to vote in April against this proposal to eliminate the American history test. The other is a concerned citizen and statewide elected official. We both share a deep interest in giving Mississippi’s students everything they need for success in our rapidly changing world.

    When our students cross the graduation stage, they reach out to receive their diploma. The hand-off is more than a picture-perfect moment. It is a symbol of one generation bestowing the responsibilities of citizenship onto next. In Mississippi, those duties come quickly. We hold elections every single year. Within one or two cycles, all the graduates will have had a chance to exercise their fundamental right to vote. It would be reassuring to know they are equipped with the civics and history knowledge they will need to choose wisely in the ballot box.

    The current U.S. history assessment helps us prepare them for a life of citizenship. Students field questions about historic American political parties and the views these groups espoused. They are quizzed about the effects of landmark legislation and asked to place significant national events in chronological order. By the end, students have demonstrated familiarity with technical political science terms. Graduates walk the stage having handled such topics as tariffs, the Federal Reserve, income tax, and the Monroe Doctrine – each a timely issue.

    Members of the Board of Education have been weighing the pros and cons of keeping the test, such as: Each assessment eats into student and staff time. Administering the test is not free. Teachers could use extra time to give students practical career skills. Removing the history exam can make way for workforce training. A U.S. history course will remain a graduation requirement, so eliminating the test frees educators from “teaching to the test.”

    We are sympathetic to each of these important considerations. Education is a complicated endeavor, full of trade-offs. But the test has two primary benefits, and they are worth the costs. The first goes to the students, who leave the test room more conversant in American history than many of their fellow citizens. They understand the forces that have shaped our nation, and they can develop informed opinions about political candidates and current events. The second benefit reaches the students who will come next. Every assessment gives us valuable insights by which we can hone curriculum and teaching strategies.

    Our state has been making remarkable strides in education, and this progress is equipping the very Mississippians who will lead our state into the 21st century. As they take on our future, we believe they should be as knowledgeable as possible about our past.”

    MIL OSI USA News

  • MIL-OSI USA: Wicker, Heinrich Lead Bipartisan, Bicameral Effort to Address the Syphilis Epidemic

    US Senate News:

    Source: United States Senator for Mississippi Roger Wicker

    WASHINGTON – U.S. Senator Roger Wicker, R-Miss., joined Senator Martin Heinrich, D-N.M., and Representatives Juan Ciscomani, R-Ariz., and Melanie Stansbury, D-N.M., in introducing a bipartisan, bicameral effort to address the syphilis epidemic and ensure that mothers, pregnant women, and infants are as healthy as possible. 

    The Maternal and Infant Syphilis Prevention Act would require the Department of Health and Human Services (HHS) to issue guidance to states on the best practices for screening and treatment of congenital syphilis under Medicaid, the Children’s Health Insurance Program (CHIP), and the Indian Health Service (IHS). Syphilis is a highly treatable and preventable disease that was nearly eradicated in the 1990s. However, in recent years, we have seen an increase in syphilis cases, with the Center for Disease Control and Prevention (CDC) reporting that infections are at the highest levels since the 1950s. The CDC reported that in Mississippi, infant hospitalization with congenital syphilis spiked by 1,000 percent, from 10 cases in 2016 to 110 cases in 2022.

    “The syphilis epidemic has impacted many Mississippians, and I am working to protect mothers and children from this disease,” said Senator Wicker. “The Maternal and Infant Syphilis Prevention Act will expand access to life-saving screening and treatment for congenital syphilis.”

     

    “We must do more to help stop the increase of babies born in New Mexico with congenital syphilis,” said Senator Heinrich. “My Maternal and Infant Syphilis Prevention Act will help us improve screening and treatment to protect pregnant mothers and babies in New Mexico from this fully treatable condition.”

     

    “As rates of congenital syphilis continue to rise in Arizona’s newborns, we must ensure that our mothers, families, and healthcare professionals have access to information, treatment, and solutions they need to address this highly preventable disease,” said Representative Ciscomani. “Information saves lives and I am proud to co-lead the Maternal and Infant Syphilis Prevention Act to promote and expand access to screenings and treatment for syphilis to ensure that mothers, pregnant women, and babies are as healthy as possible.”

     

    “We must do everything we can to protect mothers and their infants,” said Representative Stansbury. “Congenital Syphilis is treatable, and it is critical HHS provides treatment, support, and education. I am proud to sign on to the Maternal and Infant Syphilis Prevention Act so women and babies in New Mexico get the care and treatment they deserve.”  

    This legislation is supported by March of Dimes, the National Coalition of STD Directors (NCSD), and Affirm Sexual and Reproductive Health.  

    Full text of the resolution can be found here.  

    MIL OSI USA News

  • Key targets and capabilities: a look at Iran’s nuclear facilities amid Israeli strikes

    Source: Government of India

    Source: Government of India (4)

    Israel said early on Friday it had struck Iranian nuclear targets to block Tehran from developing atomic weapons, and Iranian media and witnesses reported explosions including at the country’s main uranium enrichment facility. Israeli Prime Minister Benjamin Netanyahu said the strikes are aimed at hurting Iran’s nuclear infrastructure, ballistic missile factories and military capabilities.

    Below are some of Iran’s main nuclear facilities.

    WHERE ARE IRAN’S NUCLEAR FACILITIES?

    Iran’s nuclear programme is spread over many locations. While the threat of Israeli airstrikes has loomed for decades, only some of the sites have been built underground.

    DOES IRAN HAVE A NUCLEAR WEAPONS PROGRAMME?

    The United States and the U.N. nuclear watchdog believe Iran had a coordinated, secret nuclear weapons programme that it halted in 2003. The Islamic Republic denies ever having had one or planning to have one.

    Iran agreed to restrictions on its nuclear activities in exchange for relief from international sanctions under a 2015 deal with world powers. That pact fell apart after Trump – then serving his first term as president – pulled the United States out of it in 2018 and Iran started abandoning the restrictions in the following year.

    IS IRAN INCREASING ITS URANIUM ENRICHMENT?

    Yes. Iran has been expanding its uranium enrichment programme ever since the pact broke down, reducing the so-called “breakout time” it would need to produce enough weapons-grade uranium for a nuclear bomb to days or little more than a week from at least a year under the 2015 deal.

    Actually making a bomb with that material would take longer. How long is less clear and is the subject of debate.

    Iran is now enriching uranium to up to 60% fissile purity, close to the 90% of weapons-grade, at two sites, and in theory it has enough material enriched to that level, if enriched further, for six bombs, according to a yardstick of the International Atomic Energy Agency (IAEA), the U.N. watchdog.

    NATANZ

    Netanyahu said on Friday that Israel had targetted Natanz as part of its attack.

    A complex at the heart of Iran’s enrichment programme on a plain abutting mountains outside the Shi’ite Muslim holy city of Qom, south of Tehran. Natanz houses facilities including two enrichment plants: the vast, underground Fuel Enrichment Plant (FEP) and the above-ground Pilot Fuel Enrichment Plant (PFEP).

    An exiled Iranian opposition group revealed in 2002 that Iran was secretly building Natanz, igniting a diplomatic standoff between the West and Iran over its nuclear intentions that continues today.

    The FEP was built for enrichment on a commercial scale, able to house 50,000 centrifuges. Around 16,000 centrifuges are currently installed there, roughly 13,000 of which are in operation, refining uranium to up to 5% purity.

    Diplomats with knowledge of Natanz describe the FEP as being about three floors below ground. There has long been debate about how much damage Israeli airstrikes could do to it.

    Damage has been done to centrifuges at the FEP by other means, including an explosion and power cut in April 2021 that Iran said was an attack by Israel.

    The above-ground PFEP houses only hundreds of centrifuges but Iran is enriching to up to 60% purity there.

    FORDOW

    On the opposite side of Qom, Fordow is an enrichment site dug into a mountain and therefore probably better protected from potential bombardment than the FEP.

    The 2015 deal with major powers did not allow Iran to enrich at Fordow at all. It now has around 2,000 centrifuges operating there, most of them advanced IR-6 machines, of which up to 350 are enriching to up to 60%.

    The United States, Britain and France announced in 2009 that Iran had been secretly building Fordow for years and had failed to inform the IAEA. U.S. President Barack Obama said then: “The size and configuration of this facility is inconsistent with a peaceful programme.”

    ISFAHAN

    Iran has a large nuclear technology centre on the outskirts of Isfahan, its second largest city.

    It includes the Fuel Plate Fabrication Plant (FPFP) and the uranium conversion facility (UCF) that can process uranium into the uranium hexafluoride that is fed into centrifuges.

    Iran also stores enriched uranium at Isfahan, diplomats say.

    There is equipment at Isfahan to make uranium metal, a process that is particularly proliferation-sensitive since it can be used to devise the core of a nuclear bomb.

    The IAEA has said there are machines for making centrifuge parts at Isfahan, describing it in 2022 as a “new location”.

    KHONDAB

    Iran has a partially built heavy-water research reactor originally called Arak and now Khondab. Heavy-water reactors pose a nuclear proliferation risk because they can easily produce plutonium which, like enriched uranium, can be used to make the core of an atom bomb.

    Under the 2015 deal, construction was halted, the reactor’s core was removed and filled with concrete to make it unusable. The reactor was to be redesigned “to minimise the production of plutonium and not to produce weapon-grade plutonium in normal operation”. Iran has informed the IAEA that it plans to start operating the reactor in 2026.

    TEHRAN RESEARCH CENTRE

    Iran’s nuclear research facilities in Tehran include a research reactor.

    BUSHEHR

    Iran’s only operating nuclear power plant, on the Gulf coast, uses Russian fuel that Russia then takes back when it is spent, reducing the proliferation risk.

    (Reuters)

  • MIL-OSI USA: Congressman Jim Costa Responds to Recent Attacks in the Middle East

    Source: United States House of Representatives – Congressman Jim Costa Representing 16th District of California

    WASHINGTON – Congressman Jim Costa (CA-21), a member of the House Foreign Affairs Committee, released the following statement in response to the recent Israeli strike on Iran. 
    “As a member of the House Foreign Affairs Committee, I am closely monitoring the situation,” said Congressman Costa.  
    “This attack that has taken place, given the dynamics, is not surprising. The United States, with our allies, must come together to prevent an all-out war from taking place in the Middle East.” 

    MIL OSI USA News

  • MIL-OSI USA: Kaine Statement on Israeli Strikes on Iran

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C.—Today, U.S. Senator Tim Kaine (D-VA), a member of the Senate Armed Services and Foreign Relations Committees, released the following statement after Israel attacked sites in Iran:

    “I am deeply concerned about the escalating hostilities between Israel and Iran and the risks for U.S. personnel and citizens in the region. I commend the Trump Administration for prioritizing diplomacy and working to curb Iran’s nuclear program, and for refraining from participating in tonight’s actions. I cannot understand why Israel would launch a preemptive strike at this juncture, knowing high level diplomatic discussions between the United States and Iran are scheduled for this weekend. These talks are the only viable and sustainable path to curtailing Iran’s development of nuclear weapons and protecting U.S. national security interests in the region. We must always defend U.S. personnel and assets against those who might seek to harm us, but the American people have no interest in another forever war.”

    MIL OSI USA News

  • MIL-Evening Report: Why did Israel defy Trump – and risk a major war – by striking Iran now? And what happens next?

    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

    Alarmed by an intelligence assessment that Iran will be able to produce nuclear weapons within months if not weeks, Israel has launched a massive air campaign aiming to destroy the country’s nuclear program.

    Israel’s air strikes hit Iran’s main nuclear enrichment facility at Natanz, as well as its air defences and long-range missile facilities.

    Among the dead are Hossein Salami, the chief of Iran’s powerful Revolutionary Guards Corps; Mohammad Bagheri, the commander-in-chief of the military; and two prominent nuclear scientists.

    Iranian Supreme Leader Ayatollah Ali Khamenei has promised “severe punishment” in response. Iran could potentially target Israel’s own nuclear sites and US bases across the Persian Gulf. Israel claimed Iran launched 100 drones towards it just hours after the attack.

    The Middle East is yet again on the precipice of a potentially devastating war with serious regional and global implications.

    Stalled nuclear talks

    The Israeli operations come against the backdrop of a series of inconclusive nuclear talks between the United States and Iran. These negotiations began in mid-April at President Donald Trump’s request and aimed to reach a deal within months.

    Israeli Prime Minister Benjamin Netanyahu opposed the talks, pressing for military action instead as the best option to halt Iran’s nuclear program.

    The diplomatic efforts had stalled in recent weeks over Trump’s demand that Iran agree to a zero-uranium enrichment posture and destroy its stockpile of some 400 kilograms of enriched uranium at a 60% purity level. This could be rapidly enriched further to weapons-grade level.

    Tehran refused to oblige, calling it a “non-negotiable”.

    Netanyahu has long pledged to eliminate what he has called the Iranian “octopus” – the regime’s vast network of regional affiliates, including Hamas in Gaza, Hezbollah in Lebanon, the regime of former Syrian leader Bashar al-Assad, and the Houthi militants in Yemen.

    Following Hamas’ attack on Israel on October 7 2023, Israel’s military has considerably degraded these Iranian affiliates, one by one. Now, Netanyahu has now gone for beheading the octopus.

    Trump keeping his distance

    Netanyahu has in the past urged Washington to join him in a military operation against Iran. However, successive US leaders have not found it desirable to ignite or be involved in another Middle East war, especially after the debacle in Iraq and its failed Afghanistan intervention.

    Despite his strong commitment to Israel’s security and regional supremacy, Trump has been keen to follow this US posture, for two important reasons.

    He has not forgotten Netanyahu’s warm congratulations to Joe Biden when he defeated Trump in the 2020 US presidential election.

    Nor has Trump been keen to be too closely aligned with Netanyahu at the expense of his lucrative relations with oil-rich Arab states. He recently visited Saudi Arabia, Qatar and the United Arab Emirates on a trip to the Middle East, while bypassing Israel.

    Indeed, this week, Trump had warned Netanyahu not to do anything that could undermine the US nuclear talks with Iran. He has been keen to secure a deal to boost his self-declared reputation as a peace broker, despite not having done very well so far on this front.

    But as the nuclear talks seemed to be reaching a dead end, Netanyahu decided now was the moment to act.

    The Trump administration has distanced itself from the attack, saying it had no involvement. It remains to be seen whether the US will now get involved to defend Israel if and when Iran retaliates.

    What a wider war could mean

    Israel has shown it has the capacity to unleash overwhelming firepower, causing serious damage to Iran’s nuclear and military facilities and infrastructure. But the Iranian Islamic regime also has the capability to retaliate, with all the means at its disposal.

    Despite the fact the Iranian leadership faces serious domestic issues on political, social and economic fronts, it still has the ability to target Israeli and US assets in the region with advanced missiles and drones.

    It also has the capability to close the Strait of Hormuz, through which 20–25% of global oil and liquefied natural gas shipments flow. Importantly, Iran has strategic partnerships with both Russia and China, as well.

    Depending on the nature and scope of the Iranian response, the current conflict could easily develop into an uncontrollable regional war, with none of the parties emerging as victor. A major conflict could not only further destabilise what is already a volatile Middle East, but also upend the fragile global geopolitical and economic landscape.

    The Middle East cannot afford another war. Trump had good reasons to restrain Netanyahu’s government while the nuclear negotiations were taking place to see if he could hammer out a deal.

    Whether this deal can be salvaged amid the chaos is unclear. The next round of negotiations was due to be held on Sunday in Oman, but Iran said it would not attend and all talks were off until further notice.

    Iran and the US, under Barack Obama, had agreed a nuclear deal before – the Joint Comprehensive Plan of Action. Although Netanyahu branded it “the worst deal of the century”, it appeared to be holding until Trump, urged by Netanyahu, unilaterally withdrew from it in 2018.

    Now, Netanyahu has taken the military approach to thwart Iran’s nuclear program. And the region – and rest of the world – will have to wait and see if another war can be averted before it’s too late.

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

    ref. Why did Israel defy Trump – and risk a major war – by striking Iran now? And what happens next? – https://theconversation.com/why-did-israel-defy-trump-and-risk-a-major-war-by-striking-iran-now-and-what-happens-next-258917

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Why did Israel defy Trump – and risk a major war – by striking Iran now? And what happens next?

    Source: The Conversation – Global Perspectives – By Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University; and Vice Chancellor’s Strategic Fellow, Victoria University

    Alarmed by an intelligence assessment that Iran will be able to produce nuclear weapons within months if not weeks, Israel has launched a massive air campaign aiming to destroy the country’s nuclear program.

    Israel’s air strikes hit Iran’s main nuclear enrichment facility at Natanz, as well as its air defences and long-range missile facilities.

    Among the dead are Hossein Salami, the chief of Iran’s powerful Revolutionary Guards Corps; Mohammad Bagheri, the commander-in-chief of the military; and two prominent nuclear scientists.

    Iranian Supreme Leader Ayatollah Ali Khamenei has promised “severe punishment” in response. Iran could potentially target Israel’s own nuclear sites and US bases across the Persian Gulf. Israel claimed Iran launched 100 drones towards it just hours after the attack.

    The Middle East is yet again on the precipice of a potentially devastating war with serious regional and global implications.

    Stalled nuclear talks

    The Israeli operations come against the backdrop of a series of inconclusive nuclear talks between the United States and Iran. These negotiations began in mid-April at President Donald Trump’s request and aimed to reach a deal within months.

    Israeli Prime Minister Benjamin Netanyahu opposed the talks, pressing for military action instead as the best option to halt Iran’s nuclear program.

    The diplomatic efforts had stalled in recent weeks over Trump’s demand that Iran agree to a zero-uranium enrichment posture and destroy its stockpile of some 400 kilograms of enriched uranium at a 60% purity level. This could be rapidly enriched further to weapons-grade level.

    Tehran refused to oblige, calling it a “non-negotiable”.

    Netanyahu has long pledged to eliminate what he has called the Iranian “octopus” – the regime’s vast network of regional affiliates, including Hamas in Gaza, Hezbollah in Lebanon, the regime of former Syrian leader Bashar al-Assad, and the Houthi militants in Yemen.

    Following Hamas’ attack on Israel on October 7 2023, Israel’s military has considerably degraded these Iranian affiliates, one by one. Now, Netanyahu has now gone for beheading the octopus.

    Trump keeping his distance

    Netanyahu has in the past urged Washington to join him in a military operation against Iran. However, successive US leaders have not found it desirable to ignite or be involved in another Middle East war, especially after the debacle in Iraq and its failed Afghanistan intervention.

    Despite his strong commitment to Israel’s security and regional supremacy, Trump has been keen to follow this US posture, for two important reasons.

    He has not forgotten Netanyahu’s warm congratulations to Joe Biden when he defeated Trump in the 2020 US presidential election.

    Nor has Trump been keen to be too closely aligned with Netanyahu at the expense of his lucrative relations with oil-rich Arab states. He recently visited Saudi Arabia, Qatar and the United Arab Emirates on a trip to the Middle East, while bypassing Israel.

    Indeed, this week, Trump had warned Netanyahu not to do anything that could undermine the US nuclear talks with Iran. He has been keen to secure a deal to boost his self-declared reputation as a peace broker, despite not having done very well so far on this front.

    But as the nuclear talks seemed to be reaching a dead end, Netanyahu decided now was the moment to act.

    The Trump administration has distanced itself from the attack, saying it had no involvement. It remains to be seen whether the US will now get involved to defend Israel if and when Iran retaliates.

    What a wider war could mean

    Israel has shown it has the capacity to unleash overwhelming firepower, causing serious damage to Iran’s nuclear and military facilities and infrastructure. But the Iranian Islamic regime also has the capability to retaliate, with all the means at its disposal.

    Despite the fact the Iranian leadership faces serious domestic issues on political, social and economic fronts, it still has the ability to target Israeli and US assets in the region with advanced missiles and drones.

    It also has the capability to close the Strait of Hormuz, through which 20–25% of global oil and liquefied natural gas shipments flow. Importantly, Iran has strategic partnerships with both Russia and China, as well.

    Depending on the nature and scope of the Iranian response, the current conflict could easily develop into an uncontrollable regional war, with none of the parties emerging as victor. A major conflict could not only further destabilise what is already a volatile Middle East, but also upend the fragile global geopolitical and economic landscape.

    The Middle East cannot afford another war. Trump had good reasons to restrain Netanyahu’s government while the nuclear negotiations were taking place to see if he could hammer out a deal.

    Whether this deal can be salvaged amid the chaos is unclear. The next round of negotiations was due to be held on Sunday in Oman, but Iran said it would not attend and all talks were off until further notice.

    Iran and the US, under Barack Obama, had agreed a nuclear deal before – the Joint Comprehensive Plan of Action. Although Netanyahu branded it “the worst deal of the century”, it appeared to be holding until Trump, urged by Netanyahu, unilaterally withdrew from it in 2018.

    Now, Netanyahu has taken the military approach to thwart Iran’s nuclear program. And the region – and rest of the world – will have to wait and see if another war can be averted before it’s too late.

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

    ref. Why did Israel defy Trump – and risk a major war – by striking Iran now? And what happens next? – https://theconversation.com/why-did-israel-defy-trump-and-risk-a-major-war-by-striking-iran-now-and-what-happens-next-258917

    MIL OSI – Global Reports

  • Israel Launches Unprecedented Strikes on Iran’s Nuclear Program as Middle East Braces for Escalation

    Source: Government of India

    Source: Government of India (4)

    Israel launched widescale strikes against Iran on Friday, targeting nuclear facilities, ballistic missile factories and military commanders in what officials described as the start of a prolonged operation to prevent Tehran from building an atomic weapon. The attacks represent a dramatic escalation in tensions between the two adversaries and have thrown the Middle East into chaos.

    The Israel Defense Forces said the operation, titled ‘Rising Lion’, involved strikes against dozens of military targets, including the country’s nuclear program. Israeli military officials indicated that more than 200 fighter jets participated in the operation, which targeted locations across Iran in the early hours of Friday morning.

    The attacks killed Major General Hossein Salami, the head of Iran’s Islamic Revolutionary Guard Corps. Israeli forces also claimed to have eliminated other senior Iranian military commanders, dealing a significant blow to Iran’s military leadership structure. As head of the Revolutionary Guard Corps, Salami was one of Iran’s most powerful military figures, overseeing the country’s most potent military arm and reporting directly to Supreme Leader Ayatollah Ali Khamenei.

    The strikes targeted Iran’s main uranium enrichment facility at Natanz, though the International Atomic Energy Agency reported no increase in radiation levels at the site following the attacks. The agency confirmed that the Bushehr nuclear power plant was not targeted during the operation.

    Iran’s armed forces spokesperson Brigadier General Abolfazl Shekarchi warned that Israel and the United States would pay a ‘heavy price’ for the strikes. Iranian state media reported that residential areas in Tehran were hit and that civilians, including children, were among the casualties.

    Israel’s Defense Minister Israel Katz declared a special state of emergency across the country, warning citizens to expect missile and drone retaliation. Sirens sounded across Israel in the hours before dawn as the country braced for potential Iranian counter-attacks. The strikes come at a particularly sensitive time, as the Trump administration has been pursuing diplomatic negotiations with Tehran over Iran’s nuclear program.

    Israeli Prime Minister Benjamin Netanyahu has repeatedly characterized Iran’s nuclear program as an existential threat to Israel’s survival. The White House has reportedly sought to distance itself from the Israeli operation, with Trump administration officials stating that the United States provided no military support for the strikes.

  • Kohli-backed World Bowling League to roll out next year

    Source: Government of India

    Source: Government of India (4)

    The first edition of the World Bowling League (WBL), backed by celebrity cricketer Virat Kohli and baseball star Mookie Betts, will roll out with six franchises competing in iconic locations early next year, league chief Adi K. Mishra told Reuters.

    The WBL is looking to transform a pastime for millions around the world into a cutting edge, made-for-TV experience via a heady mix of celebrity franchise owners, exotic locations and technological innovation.

    “It’s an incredible sport which just hasn’t been structured correctly for the past 50-60 years and everyone just dismisses it as a recreational activity,” Mishra, the founder and CEO of sports tech firm League Sports Co, said in a video call from the United States.

    “We are going to launch with six franchises in the first quarter of next year. It’s going to be a team of four – two male and two female bowlers.”

    Mishra did not go into detail about the format but said professional bowlers would compete in the core sport while celebrities would take part in auxiliary events, with teams collecting points throughout the season.

    With its origins in ancient Egypt, bowling’s heyday in the United States was in the 1960s and 70s when every town and suburb had its own alley.

    Even today, some 200 million people put on flat-soled shoes and take to the lanes every year, including 75 million in the U.S., Mishra said.

    The WBL is by no means the first attempt to create a professional circuit in the Tenpin game, and American Don ‘Mr Bowling’ Carter was the first athlete in any sport to ink a $1 million sponsorship deal back in 1964.

    What separates the WBL from previous attempts, Mishra says, is its global reach – the league is in the advanced stage of finalising franchises in Japan, South Korea, Singapore and India – and the ambitious vision.

    “Our first fundamental premise was – how can we take this and make this an aspirational product?” Mishra added.

    “We want to take two lanes and put them in iconic locations around the world – Hudson Yards in New York, Marina Bay Sands in Singapore, a variety of different locations in Dubai and India.”

    TAILOR-MADE FOR TV

    Los Angeles Dodgers shortstop Betts bought the first announced franchise in May and the WBL pulled off another marketing coup when Kohli came on board as a strategic investor last month.

    Mishra did not provide financial details of Bett’s purchase but said negotiations on the sale of the remaining franchises were in the final stages.

    The league plans to simplify scoring, gather a host of celebrity and corporate backers, and use ball-tracking and other technology to create a product that works on television and digital platforms.

    Weaving complimentary programming featuring celebrity bowlers like Betts and Kohli around the core sport would make it an irresistible proposition for broadcasters, said Mishra.

    “We already have many broadcasters lined up and a lot of them think this sport, the way we’ve designed it, can fit into their ultra-premium segment.

    “A lot of them believe they can bring in other influencers and celebrities, who come in and bowl as well. So there’s a lot of ‘shoulder programming’ that you can create with the sport, which is not possible with a lot of other sports.”

    Mishra and Kohli know each other through their joint ownership of a team in the E1 electric powerboat world championship, and the cricketer’s fondness for bowling came as a pleasant surprise as the WBL was being in the planning stage.

    “Over the years, I’ve met a lot of celebs who happen to be closet bowlers,” Mishra said.

    “We were speaking about various things about the team and it turned out that he has been bowling and watching it since he was 11-12.

    “That was a big surprise for me and we wanted him to be part of this. Hopefully we’ll get him to bowl when he has more time for it.”

    (Reuters)

  • MIL-OSI: Terranet’s rights issue oversubscribed

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

    Terranet AB (“Terranet” or the “Company”) has completed the rights issue of units, consisting of shares of series B and warrants of series TO9 B, which the Board of Directors decided on April 16, 2025, and was approved by the Annual General Meeting on May 23, 2025 (the ‘Rights Issue’). The outcome shows that 10,349,896 units were subscribed for with unit rights, corresponding to approximately 74.6 percent of the Rights Issue. In addition, the Company has received subscription applications for 4,704,934 units, corresponding to approximately 33.9 percent of the Rights Issue, for subscription without unit rights. In total, 15,054,830 units were subscribed for with unit rights and subscription applications, corresponding to approximately 108.5 percent of the Rights Issue. The Rights Issue is thus oversubscribed and will raise approximately SEK 15 million before issue costs. No underwriting commitments will be utilised.

    Outcome of the Rights Issue
    The subscription period in the Rights Issue ended on June 11, 2025. The outcome shows that 10,349,896 units were subscribed for with unit rights, corresponding to approximately 74.6 percent of the Rights Issue. Furthermore, the Company has received subscription applications to subscribe for 4,704,934 units without unit rights, corresponding to approximately 33.9 percent of the Rights Issue. Thus, 15,054,830 units were subscribed for with and without unit rights, corresponding to approximately 108.5 percent of the Rights Issue. The Rights Issue is thus oversubscribed, and no underwriting commitments will be utilised.

    Each unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. In total, 13,880,714 units will thus be allocated, corresponding to 166,568,568 newly issued B-shares and 41,642,142 warrants of series TO9 B.

    Through the Rights Issue, the Company will receive approximately SEK 15 million before issue costs. Upon full utilisation of all warrants of series TO9 B within the framework of the offered units, the Company may receive an additional maximum of approximately SEK 15.1 million.

    Comment from Lars Lindell, CEO
    “We are very pleased that so many shareholders have chosen to exercise their subscription rights and thereby shown their confidence in the company and its future development. Through the proceeds we receive from the issues, we will be able to take significant steps in both product and business development and lay the foundation for the commercialization of BlincVision.”

    Allocation of units subscribed without unit rights
    Allotment of units subscribed for without unit rights has been made in accordance with what is stated in the information memorandum published by the Company on May 26, 2025, in connection with the Rights Issue. Notice of such allotment will be announced separately through a settlement note. Nominee-registered shareholders will receive notification of allotment in accordance with instructions from the respective nominee.

    Shares and share capital
    Through the Rights Issue, and after registration of the Second Directed Issue announced by the Company through a press release on April 16, 2025, the number of shares in the Company will increase by 166,568,568 B-shares from 1,471,519,182 shares (1,084,463 A-shares and 1,470,434,719 B-shares) to 1,638,087,750 shares, and the share capital will increase by SEK 1,665,685.68, from SEK 14,715,191.82 to SEK 16,380,877.50. The dilution effect, after registration of the Second Directed Issue, amounts to 10.2 percent in the Rights Issue.

    In the event that all attached warrants of series TO9 B are fully exercised for subscription of new B-shares in the Company, the number of shares in the Company will increase by an additional 83,729,677 B-shares, from 1,638,087,750 shares (1,084,463 A-shares and 1,637,003,287 B-shares) to 1,721,817,427 shares, and the share capital will increase by an additional SEK 837,296.770, from SEK 16,380,877.500 to SEK 17,218,174.270. The dilution effect, if all warrants of series TO9 B are exercised, amounts to 4.9 percent.

    Warrants of series TO9 B
    Each warrant of series TO9 B entitles the holder to subscribe for one (1) new B-share in the Company. One (1) warrant of series TO9 B entitles the holder to subscribe for one (1) B-share in the Company at a subscription price of SEK 0.18 (corresponding to 200 percent of the subscription price per B-share in the Directed Issues and the Rights Issue). Application for subscription of B-shares with the support of warrants of series TO9 B will take place during the period from December 1, 2025, up to and including December 15, 2025. The warrants are intended to be admitted to trading on Nasdaq First North Premier Growth Market.

    Paid subscribed units (“BTU”)
    Trading in BTU (paid subscribed units) will take place on Nasdaq First North Premier Growth Market until June 30, 2025, or until the conversion of BTUs into B shares and warrants of series TO9 B, which will take place after the Rights Issue has been registered with the Swedish Companies Registration Office. Registration with the Swedish Companies Registration Office is expected to take place during week 26, 2025.

    Compensation to underwriters
    In connection with the Rights Issue, two (2) external investors have provided underwriting commitments corresponding to 99.8 per cent of the Rights Issue. For underwriting commitments made, underwriting compensation of 12 percent of the underwritten amount is paid in the form of newly issued units. In total, a maximum of 1,661,774 new units may be issued as underwriting compensation to the underwriters.

    Advisers
    Mangold Fondkommission AB is the financial advisor to Terranet in connection with the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Rights Issue.

    For more information, please contact:
    Dan Wahrenberg, CFO
    E-mail: dan.wahrenberg@terranet.se

    This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person above on June 13, 2025, at 08:00 CET.

    About Terranet AB (publ) 

    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B).

    Follow our journey at: www.terranet.se

    Certified Adviser to Terranet is Mangold Fondkommission AB.

    Important information
    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.

    This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

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