Category: Pandemic

  • MIL-OSI Economics: Development Asia: Unlocking MSME Potential for Sustainable Growth in Timor-Leste

    Source: Asia Development Bank

    MSMEs are looking to the government for support in several key areas, including business subsidies, tax relief, business development services, improved access to public procurement, and workforce skills development. Respondents also highlighted the need for various forms of financial assistance, such as business restructuring funds, simplified loan procedures, trade finance, and supply chain finance, along with concessional lending schemes. Notably, demand for concessional loans and credit guarantees was higher among women-led MSMEs compared to those led by men.

    In contrast, there was relatively low demand for government support in business digitalization and digital financial services. Following the coronavirus disease (COVID-19) pandemic, only a small fraction of MSMEs entered the e-commerce space. This limited interest in digital tools can be attributed to several factors: low levels of financial and business literacy, limited awareness of available digital products, poor internet connectivity, and concerns about security and fraud.

    MIL OSI Economics

  • MIL-OSI United Kingdom: Scottish Crime and Justice Survey 2023/24

    Source: Scottish Government

    An Accredited Official Statistics Publication for Scotland.

    Scotland’s Chief Statistician today released the main findings of the 2023/24 Scottish Crime and Justice Survey (SCJS).

    The Scottish Crime and Justice Survey shows that most adults in Scotland (80.1%) were not victims of any SCJS crime in 2023/24, including fraud and computer misuse for the first time.

    One-in-five (19.9%) were estimated to have experienced at least one crime, this included property crime (10.3% of adults), violent crime (2.9%) and fraud and computer misuse (9.5%).

    The latest findings shows that the overall level of property and violent crime combined and the likelihood of being a victim of these crimes has increased since 2021/22. However, no change is detected with the pre-pandemic year of 2019/20, and both measures are down since 2008/09.

    The latest findings also show that people feel safer in their local communities though there has been a fall in confidence in the police across a range of measures.

    The extent and prevalence of crime in Scotland in 2023/24

    The proportion of adults who experienced at least one property or violent crime increased from 10.0% in 2021/22 to 12.1% in 2023/24. The latest figure remains lower than 2008/09 (20.4%) and is not statistically different from the pre-Covid position in 2019/20 (11.9%).

    There were an estimated 1,185,000 crimes in 2023/24, of which 524,000 (44%) were fraud and computer misuse crimes, 429,000 (36%) were property crime and 231,000 (20%) were violent crimes.

    The estimated volume of violent and property crimes individually have both fallen over the longer term, down 27% and 41% respectively since 2008/09. Estimated violent crime increased by 73% since 2021/22 but remains at a similar level to the pre-pandemic position in 2019/20, while property crime has remained at a similar level to both 2019/20 and 2021/22.

    Consistent with previous years, the majority of violent incidents were cases of minor assault resulting in no or negligible injury (61%), with instances of serious assault (8%) and robbery (5%) remaining relatively uncommon.

    Victims of two or more incidents (5.8% of adults) accounted for over half (55%) of all crime in 2023/24.

    This report includes the first findings on the nature of and extent of fraud and computer misuse experienced in Scotland. These results show that, in 2023/24, around one-in-ten adults (9.5%) were the victim of a fraud or computer misuse crime, with around half of these crimes being bank and credit card fraud (47%). The survey also shows that most people who lost money through fraud were ultimately reimbursed.

    Crime continues to be experienced disproportionately among some groups in the population. The likelihood of experiencing any SCJS crime, including fraud and computer misuse, in 2023/24 was higher among those aged 16 to 24, for adults who are disabled and those living in urban areas of Scotland. Many population groups have seen the likelihood of experiencing any property or violent crime decrease since 2008/09.

    In 2023/24, the latest comparable survey period, overall crime victimisation rates in Scotland (including fraud and computer misuse) were higher to those in England and Wales (19.9% and 16.1%). When looking at property and violent crimes alone, the rate in Scotland was also higher than in England and Wales (12.1% compared to 10.1%). This is a change to the position in 2021/22, when both areas had a similar victimisation rate and 2019/20, when Scotland had a lower rate (11.9% compared to 13.3%).

    Public perceptions of the police, the justice system and crime in Scotland

    Fewer than half of adults (45%) said the police in their local area do an excellent or good job. This is a decrease from 61% in 2012/13 and from 49% in 2021/22. Males and those living in urban areas were less likely to feel positively about the police than comparator groups.

    The survey also looks at attitudes towards more specific elements of policing (including policing effectiveness, community engagement and fairness). Most adults expressed confidence in the local police force’s capability across various aspects of police ‘effectiveness,’ including their ability to deal with incidents as they occur and solve crimes. An exception was in preventing crime where 42% of adults were confident in the police. These measures of confidence in police effectiveness have decreased from a high in 2014/15, with some returning to 2008/09 levels.

    Over two thirds (71%) of respondents thought that the local crime rate had stayed the same or reduced in the two years prior to interview, down from 76% in 2021/22 and at a similar level to 2008/09. In 2023/24, the majority of adults in Scotland said they felt very or fairly safe walking alone in their local area after dark (75%) and when in their home alone at night (95%).

    Generally the public were fairly confident about the operation of the justice system in Scotland. For example, around three-quarters of adults (73%) were confident that the justice system allows all those accused of crimes to get a fair trial regardless of who they are. However, adults were less confident on other related measures, for example, 35% were confident that it deals with cases promptly and efficiently, with 52% saying they were not confident.

     Background

    The figures released today were produced in accordance with professional standards set out in the Code of Practice for Official Statistics.

    The full statistical publication is available on the Scottish Government website.

    This report covers 4,970 face to face interviews were conducted between July 2023 and April 2024. Participants were adults (aged 16 and over) living in private households in Scotland. There was a 46.0% response rate which is comparable to that of 2021/22 (47.3%) which itself saw a large fall following the COVID-19 pandemic

    The Scottish Crime and Justice Survey is one of the Scottish Government’s flagship national surveys. The survey allows the people of Scotland to independently report their experiences and perceptions of crime, and thus influence the continued development and improvement of the Scottish justice system. The SCJS also provides a range of additional information, including details on the characteristics of victims and offenders of crime. It also captures adults’ perceptions of policing and the justice system.

    The publication presents statistics on the extent of crime in Scotland, importantly including crime that is not reported to the police. However, it is limited to crimes against adults resident in households, and also does not cover all crime types. Experiences of sexual offences are not included in the main estimates and are instead collected in the self-completion section. Police recorded crime is a measure of those crimes reported to the police and recorded by them as a crime or offence.

    More information about the survey, including the online data tables for 2023/24 results are available on the Scottish Government website.

    Further breakdowns for some smaller population groups are also being published on perception of crime in the local area from the Scottish Survey Core Questions, which combines data from the three large Scottish Government household surveys. These breakdowns are available on the Scottish Survey Core Questions webpage.

    As with all surveys, SCJS results are estimates, not precise figures. Results are only described as ‘increases’ or ‘decreases’ where statistical tests identify statistically significant differences. Where they do not detect significant change, results are reported as showing ‘no change’ – even if the estimate from one year appears greater or smaller than the comparator year. Importantly, this does not mean there has definitely been no change, but that the sample is not large enough to confidently detect any change that has or has not occurred. These issues are common to all population surveys, particularly on issues that affect only a minority of people. Often, where changes and trends emerge, they can be more easily detected over longer time periods, as cumulative changes build year-on-year.

    Official statistics are produced by professionally independent statistical staff. Further information on Crime and Justice statistics within Scotland or the standards of official statistics in Scotland can be found on the Scottish Government website.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Property and violent crime 37% lower than in 2008

    Source: Scottish Government

    Flagship survey shows people feel safer in their communities.

    Total levels of property and violent crime have fallen by more than a third since 2008-09, according to the latest Scottish Crime and Justice Survey (SCJS). 

    The 2023-24 official statistics also show that people feel safer in their communities. 

    The survey of almost 5,000 people across Scotland estimates that since 2008-09: 

    • the volume of property and violent crime, including incidents not reported to police, is 37% lower 
    • violent crime is down 27% 
    • property crime is down 41% 
    • the proportion of people who feel safe walking alone in their local area after dark has increased to three-quarters (75%) from two-thirds (66%) 

    Those who took part in the survey were asked about their experiences of violent crime and property crime and, for the first time, their experience of fraud and computer misuse. The volume of property and violent crime combined has increased since 2021-22 but remains at similar levels to the pre-pandemic position in 2019-20 and below that in 2008-09. 

    The survey also asked people about their perceptions of crime, policing and the justice system. Most adults expressed confidence in their local police’s ability to deal with incidents as they occur and to solve crimes. 

    Justice Secretary Angela Constance said: 

    “This flagship national survey indicates that property crime and violent crime is more than a third (37%) lower than 2008-09 and that people feel safer in their local communities. These statistics are consistent with other official figures which show that police recorded crime is at one of the lowest levels since 1974. We are making record investments in policing and across the justice system to build on this progress.  

    “Crime continues to be down significantly over the long term, though the survey does highlight areas of concern and the need for continued action from governments and justice partners. While the levels of crime experienced remain similar to the pre-pandemic position in 2019-20, I am keen to understand what has contributed to the rises in crime identified since the 2021-22 survey. 

    “I am also concerned about levels of fraud and computer misuse, including bank and credit card fraud, which can cause significant harm to individuals and businesses.  A range of action will continue to enhance Police Scotland’s response to fraud, to raise awareness among the public of the potential risks and to help protect individuals and organisations from cyber criminals.

    “Overall, and importantly, this survey shows most people do not experience any crime and only a very small proportion are affected by violent crime, but I have been consistently clear that any incidence of violence is one too many. That is why we are taking forward a wide range of actions to prevent, reduce and tackle violence, funded with more than £6 million invested over the past three years on top of our record funding for police.  

    “This week, I will also chair, with the First Minister, a cross-party summit with MSPs, youth workers and partners to consider what more can be done to address and prevent violence among young people.” 

    Background 

    Scottish Crime and Justice Survey 2023-24

    The full statistical publication is available on the Scottish Government website.

    The Scottish Crime and Justice Survey is a flagship national survey funded by the Scottish Government. The survey allows the people of Scotland to independently report their experiences and perceptions of crime and influence the continued development and improvement of Scotland’s system of community safety, policing and justice system.  

    Some of the 2021-22 SCJS covered reference periods when Covid restrictions were in place. Analysis from the Scottish Victimisation Telephone Survey suggested crime fell significantly during the first UK national lockdown, which started in March 2020.  Scottish Victimisation Telephone Survey 2020: main findings

    MIL OSI United Kingdom

  • MIL-Evening Report: Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Treasury head Steven Kennedy will become Anthony Albanese’s right-hand bureaucrat, while Treasury will get its first female secretary, with the appointment of Jenny Wilkinson, who currently heads the Finance Department.

    Kennedy, to be the new secretary of the Department of the Prime Minister and Cabinet, replaces Glyn Davis, who announced after the election he was leaving the post after just three years.

    Kennedy, 60, has had a close working relationship with Treasurer Jim Chalmers. He also served Chalmers’ Liberal predecessor, Josh Frydenberg, during the pandemic, when the Treasury was the main bureaucratic architect of the JobKeeper scheme that provided subsidies to business to keep on workers.

    Wilkinson, 58, has been secretary of the Finance Department since August 2022. She was previously a deputy secretary in Treasury, where she worked on the pandemic economic stimulus measures. She is also a former head of the Parliamentary Budget Office.

    As Treasury secretary, Wilkinson will take Stevens’ place on the Reserve Bank.

    Chalmers described Kennedy and Wilkinson as “the best of the best”, saying they were “outstanding public servants”.

    Finance Minister Katy Gallagher said Wilkinson’s appointment not only recognised her talent, skills and expertise, “but it also serves as an important reminder for women and girls across the country that all positions in the Australian Public Service – no matter how senior – are roles that women can hold”.

    The prime minister announced the bureaucratic reshuffle during his Tuesday address to the National Press Club on his second term agenda.

    With Chalmers already having named productivity as his primary priority for this term, Albanese said he had asked the treasurer to convene “a roundtable to support and shape our government’s growth and productivity agenda”.

    The summit, at Parliament House in August, will bring together a group of leaders from business, unions and civil society. More details will come in a speech on productivity by Chalmers next week.

    “This will be a more streamlined dialogue than the Jobs and Skills Summit, dealing with a more targeted set of issues,” Albanese said.

    “We want to build the broadest possible base of support for further economic reform, to drive growth, boost productivity, strengthen the budget, and secure the resilience of our economy, in a time of global uncertainty.

    “What we want is a focused dialogue and constructive debate that leads to concrete and tangible actions.”

    Albanese said the government’s starting point was clear, “Our plan for economic growth and productivity is about Australians earning more and keeping more of what they earn.” The aim was for growth, wages and productivity to rise together.

    The Productivity Commission recently released 15 “priority reform areas” to further explore as part of the five productivity inquiries that the government has commissioned it to undertake.

    The commission’s March quarterly bulletin shows a 0.1% decline in labour productivity in the December quarter, and a 1.2% decline over the year.

    COVID produced a temporary lift in productivity but that soon passed.

    In general Australia’s labour productivity has not significantly increased in more than a decade.

    Welcoming the roundtable, Australian Industry Group Chief Executive Innes Willox said it was “critical that this tripartite summit focus on getting private sector investment moving again. Our economy and labour market has been unsustainably reliant on government spending for a prolonged period now.”

    Michelle Grattan 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. Albanese announces first woman Treasury secretary and a ‘roundtable’ on boosting productivity – https://theconversation.com/albanese-announces-first-woman-treasury-secretary-and-a-roundtable-on-boosting-productivity-257334

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: hMPV is likely one of the viruses making us sick this winter. Here’s what to know about human metapneumovirus

    Source: The Conversation (Au and NZ) – By Lara Herrero, Associate Professor and Research Leader in Virology and Infectious Disease, Griffith University

    svetikd/Getty Images

    As winter settles over Australia, it’s not just the drop in temperature we notice – there’s also a sharp rise in respiratory illnesses. Most of us are familiar with the usual winter players such as COVID, influenza and RSV (respiratory syncytial virus), which often dominate news headlines and public health messaging.

    But scientists are now paying closer attention to another virus that’s been spreading somewhat under the radar: human metapneumovirus (hMPV).

    Although it’s not new, hMPV is now being recognised as a significant contributor to seasonal respiratory infections, especially among young children, older people, and people with weaker immune systems.

    So what do you need to know about this winter lurgy?

    What does a hMPV infection look like?

    hMPV is a close relative of RSV, and can cause infections in the upper or lower respiratory tracts.

    Like other respiratory viruses, hMPV infection causes symptoms such as cough, fever, sore throat and nasal congestion. While most people experience relatively mild illness and recover in about a week, hMPV can lead to serious illness – such as bronchiolitis or pneumonia – in babies, older adults, and people with weakened immune systems.

    hMPV spreads much like the flu or SARS-CoV-2 (the virus that causes COVID) – through tiny droplets from coughs and sneezes, and potentially by touching surfaces where the virus has landed and then touching your mouth, nose, or eyes.

    Most people will catch it at some point in their lives, commonly more than once. While an infection confers some immunity, this wanes over time.

    hMPV generally follows a seasonal pattern, tending to peak in winter and spring.

    hMPV around the world

    By the end of 2024, China saw a surprising spike in cases of hMPV – enough to catch the attention of public health experts. While there were some suggestions hospitals were becoming overwhelmed, exact numbers were not clear.

    The World Health Organization subsequently issued a statement in January indicating this rise in hMPV infections in China aligned with expected seasonal trends.

    Other countries, such as the United States, have also noted increases in hMPV infections since the COVID pandemic. Realising hMPV might be playing a more significant role in seasonal illness than we’d previously thought, and with improvements in diagnostic technology, global health agencies have ramped up their monitoring.




    Read more:
    hMPV may be spreading in China. Here’s what to know about this virus – and why it’s not cause for alarm


    In Australia, comprehensive national data on hMPV is limited because hMPV is not one of the viruses with mandatory reporting. In other words, if a patient is found to have hMPV (through a PCR swab sent to a pathology lab) there’s no requirement for the doctor or the pathology lab to make a public health report of a positive result, as they would with another illness such as influenza, RSV or measles.

    However, selected medical clinics voluntarily participate in systematic data collection on specific health conditions, which give us an idea of the proportion of people of people who may be infected (though not the absolute numbers).

    The Australian Sentinel Practice Research Network (ASPREN) is a national surveillance system funded by the federal department of health. In 2024, up to December 15, based on ASPREN data, 7.8% of patients presenting with fever and cough symptoms tested positive for hMPV.

    This year, to June 1, ASPREN data shows us hMPV has made up 4.2% of infections among people with flu-like illness, behind RSV (7.7%), COVID (10.9%), influenza (19%) and rhinovirus (a virus which causes the common cold, 46.1%).

    hMPV can hit harder in young children.
    Tomsickova Tatyana/Shutterstock

    What about vaccines and treatments?

    hMPV is likely to be part of the array of respiratory viruses circulating in Australia this winter. If you have a cold or flu-like illness and have done one of those at-home rapid tests for COVID, flu and RSV but came up all negative, it’s possible hMPV is the culprit.

    There’s currently no specific treatment or vaccine for hMPV. Most cases are mild and can be managed at home with rest and symptom relief such as taking medication (paracetamol or ibuprofen) for pain and fever. But more serious infections may require hospital care.

    If your baby or young child has a respiratory infection and is having trouble breathing, you should take them to the emergency department.

    Researchers and companies such as Moderna, Pfizer and Vicebio are actively working on vaccines for hMPV, however they’re not yet available.

    The best way to protect yourself and others against hMPV and other respiratory viruses is through simple hygiene practices. These include washing your hands often, covering coughs and sneezes, staying home if you’re sick, cleaning shared surfaces regularly, and considering wearing a mask in crowded indoor spaces during virus season.

    Lara Herrero receives funding from the National Health and Medical Research Council.

    ref. hMPV is likely one of the viruses making us sick this winter. Here’s what to know about human metapneumovirus – https://theconversation.com/hmpv-is-likely-one-of-the-viruses-making-us-sick-this-winter-heres-what-to-know-about-human-metapneumovirus-257802

    MIL OSI AnalysisEveningReport.nz

  • Frederick Forsyth, ‘Day of the Jackal’ author, dies at 86

    Source: Government of India

    Source: Government of India (4)

    British novelist Frederick Forsyth, who authored best-selling thrillers such as “The Day of the Jackal” and “The Dogs of War,” has died aged 86, his publisher said.

    A former correspondent for Reuters and the BBC, and an informant for Britain’s MI6 foreign spy agency, Forsyth made his name by using his experiences as a reporter in Paris to pen the story of a failed assassination plot on Charles de Gaulle.

    “The Day of the Jackal”, in which an English assassin, played in the film by Edward Fox, is hired by French paramilitaries angry at de Gaulle’s withdrawal from Algeria, was published in 1971 after Forsyth found himself penniless in London.

    Written in just 35 days, the book was rejected by a host of publishers who worried that the story was flawed and would not sell as de Gaulle had not been assassinated. De Gaulle died in 1970 from a ruptured aorta while playing Solitaire.

    But Forsyth’s hurricane-paced thriller complete with journalistic-style detail and brutal sub-plots of lust, betrayal and murder was an instant hit. The once poor journalist became a wealthy writer of fiction.

    “I never intended to be a writer at all,” Forsyth later wrote in his memoire, “The Outsider – My Life in Intrigue”. “After all, writers are odd creatures, and if they try to make a living at it, even more so.”

    So influential was the novel that Venezuelan militant revolutionary Illich Ramirez Sanchez, was dubbed “Carlos the Jackal”.

    Forsyth presented himself as a cross between Ernest Hemingway and John le Carre – both action man and Cold War spy – but delighted in turning around the insult that he was a literary lightweight.

    “I am lightweight but popular. My books sell,” he once said.

    His books, fantastical plots that almost rejoiced in the cynicism of an underworld of spies, criminals, hackers and killers, sold more than 75 million copies.

    Behind the swashbuckling bravado, though, there were hints of sadness. He later spoke of turning inwards to his imagination as a lonely only child during and after World War Two.

    The isolated Forsyth discovered a talent for languages: he claimed to be a native French speaker by the age of 12 and a native German speaker by the age of 16, largely due to exchanges.

    He went to Tonbridge School, one of England’s ancient fee-paying schools, and learned Russian from two emigre Georgian princesses in Paris. He added Spanish by the age of 18.

    He also learned to fly and did his national service in the Royal Air Force where he flew fighters such as a single seater version of the de Havilland Vampire.

    THE REPORTER

    Impressing Reuters’ editors with his languages and knowledge that Bujumbura was a city in Burundi, he was offered a job at the news agency in 1961 and sent to Paris and then East Berlin where the Stasi secret police kept close tabs on him.

    He left Reuters for the BBC but soon became disillusioned by its bureaucracy and what he saw as the corporation’s failure to cover Nigeria properly due to the government’s incompetent post-colonial views on Africa.

    It was in 1968 that Forsyth was approached by the Secret Intelligence Service, known as MI6, and asked by an officer named “Ronnie” to inform on what was really going on in Biafra.

    By his own account, he would keep contacts with the MI6, which he called “the Firm”, for many years. His novels showed extensive knowledge of the world of spies and he even edited out bits of The Fourth Protocol (1984), he said, so that militants would not know how to detonate an atomic bomb.

    His writing was sometimes cruel, such as when the Jackal kills his lover after she discovers he is an assassin.

    “He looked down at her, and for the first time she noticed that the grey flecks in his eyes had spread and clouded over the whole expression, which had become dead and lifeless like a machine staring down at her.”

    THE WRITER

    After finally finding a publisher for “The Day of the Jackal,” he was offered a three-novel contract by Harold Harris of Hutchinson.

    Next came “The Odessa File” in 1972, the story of a young German freelance journalist who tries to track down SS man Eduard Roschmann, or “The Butcher of Riga”.

    After that, “The Dogs of War” in 1974 is about a group of white mercenaries hired by a British mining magnate to kill the mad dictator of an African republic – based on Equatorial Guinea’s Francisco Macias Nguema – and replace him with a puppet.

    The New York Times said at the time that the novel was “pitched at the level of a suburban Saturday night movie audience” and that it was “informed with a kind of post‐imperial condescension toward the black man”.

    Divorced from Carole Cunningham in 1988, he married Sandy Molloy in 1994. But he lost a fortune in an investment scam and had to write more novels to support himself. He had two sons – Stuart and Shane – with his first wife.

    His later novels variously cast hackers, Russians, al Qaeda militants and cocaine smugglers against the forces of good – broadly Britain and the West. But the novels never quite reached the level of the Jackal.

    A supporter of the United Kingdom’s exit from the European Union, Forsyth scolded Britain’s elites for what he cast as their treachery and naivety.

    In columns for The Daily Express, he gave a host of withering assessments of the modern world from an intellectual right-wing perspective.

    The world, he said, worried too much about “the oriental pandemic” (known to most as COVID-19), Donald Trump was “deranged”, Vladimir Putin “a tyrant” and “liberal luvvies of the West” were wrong on most things.

    He was, to the end, a reporter who wrote novels.

    “In a world that increasingly obsesses over the gods of power, money and fame, a journalist and a writer must remain detached,” he wrote. “It is our job to hold power to account.”

    (Reuters)

  • MIL-OSI: EBC Financial Group and Brokeree Solutions Forge Strategic Knowledge Partnership to Empower Global Trading Community

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 09, 2025 (GLOBE NEWSWIRE) — EBC Financial Group (EBC), a global leader in financial brokerage and asset management, is proud to announce a strategic knowledge partnership with Brokeree Solutions, a cutting-edge technology provider serving multi-asset brokers worldwide. This collaboration marks a significant milestone in EBC’s mission to build a transparent, education-driven investment community, bringing together two industry leaders to share expertise, innovative technologies, and actionable insights for the benefit of traders and investors around the globe.

    At the heart of this partnership is a joint commitment to knowledge sharing, with a strong focus on copy trading, a fast-evolving space that empowers both novice and seasoned traders. EBC and Brokeree will co-develop educational content and practical insights tailored to traders, brokers, and signal providers, helping them apply effective risk management tools, adopt best practices, and enhance their overall trading performance.

    “At EBC Financial Group, our mission is to build a transparent, inclusive investment community where traders are empowered through access to the right tools, insights, and education,” said David Barrett, CEO of EBC Financial Group (UK) Ltd. “This knowledge partnership with Brokeree Solutions goes beyond technology — it’s about leveraging shared expertise to create a more confident, results-driven trading environment. Together, we’re building a platform where both new and experienced traders can learn, grow, and thrive.”

    A Technology-Backed Knowledge Partnership

    Brokeree Solutions contributes its turnkey Social Trading investment system, enabling users to register as either professional traders or followers directly through a broker’s platform. The system features advanced stop-loss/take-profit controls, proportional trade copying, and symbol-specific signal filtering, all designed to support safe, flexible trading.

    EBC complements this with its global market expertise, investor-centric approach, and commitment to transparency, helping traders understand and apply copy trading as an educational tool, especially valuable in today’s complex financial landscape. By making professional-level tools accessible to a wider audience, the partnership transforms copy trading into a gateway for skill development and market participation.

    Content and Webinar Series to Strengthen Trading Knowledge

    As part of this knowledge-driven collaboration, EBC and Brokeree are introducing a monthly article series starting this May, covering a wide range of trading and investment topics. These insights will be designed to address real-world challenges faced by traders and provide actionable strategies to improve performance, risk control, and decision-making. Each article will tap into the shared expertise of both companies and will be published across digital channels to benefit the wider trading community.

    Additionally, the partnership will feature a quarterly webinar series, bringing traders, brokers, and signal providers together for deep-dive discussions on high-impact topics. The first webinar, launching soon, will explore Risk Management, a critical area for both individual and institutional traders. The session will examine practical techniques, platform-level risk tools, and best practices to help participants strengthen their trading discipline and capital protection.

    These initiatives aim not only to educate but also to foster engagement and dialogue within the trading community, ensuring that knowledge flows both ways, from experts to users, and from the front lines of trading back to those shaping the technology and strategy.

    “We value our clients’ trust in our technology and expertise. The partnership will provide traders and signal providers worldwide to examine advanced copy trading features that will help adjust copy trading strategy and increase the efficiency of risk management tools applied,” said Tatiana Pilipenko, Regional Head of Business Development (APAC, UK, Americas) at Brokeree Solutions. “This platform empowers brokers to cultivate a more inclusive and risk-informed trading environment, ultimately driving growth and strengthening relationships with trading communities.”
    This knowledge partnership underscores the shared vision of EBC and Brokeree: a future where technology, education, and transparency converge to empower traders worldwide. As financial markets grow increasingly complex, the collaboration aims to equip every trader – from beginners to experts – with the tools, confidence, and understanding they need to make smarter, more informed decisions.

    Through these collaborations, EBC and Brokeree are not just advancing the future of copy trading, they are laying the foundation for a more informed, connected, and resilient investment community.

    For more information on EBC and Brokeree, please visit https://www.ebc.com. and brokeree.com.

    Disclaimer:

    Trading Contracts for Difference (CFDs) entails a substantial risk of swift financial loss due to leverage, rendering it inappropriate for all investors; thus, a thorough evaluation of your investment objectives, expertise, and risk appetite is imperative prior to engagement.

    About EBC Financial Group  
    Founded in London’s esteemed financial district, EBC Financial Group (EBC) is renowned for its expertise in financial brokerage and asset management. With offices in key financial hubs—including London, Sydney, Hong Kong, Singapore, the Cayman Islands, Bangkok, Limassol, and emerging markets in Latin America, Asia, and Africa—EBC enables retail, professional, and institutional investors to access a wide range of global markets and trading opportunities, including currencies, commodities, shares, and indices.   

    Recognised with multiple awards, EBC is committed to upholding ethical standards and these subsidiaries are licensed and regulated within their respective jurisdictions. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA); EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA); EBC Financial Group (Australia) Pty Ltd, and EBC Asset Management Pty Ltd are regulated by Australia’s Securities and Investments Commission (ASIC);  EBC Financial (MU) Ltd is authorised and regulated by the Financial Services Commission Mauritius (FSC).  

    At the core of EBC are a team of industry veterans with over 40 years of experience in major financial institutions. Having navigated key economic cycles from the Plaza Accord and 2015 Swiss franc crisis to the market upheavals of the COVID-19 pandemic. We foster a culture where integrity, respect, and client asset security are paramount, ensuring that every investor relationship is handled with the utmost seriousness it deserves.   

    As the Official Foreign Exchange Partner of FC Barcelona, EBC provides specialised services across Asia, LATAM, the Middle East, Africa, and Oceania. Through its partnership with the UN Foundation and United to Beat Malaria, the company contributes to global health initiatives. EBC also supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, helping to demystify economics and its application to major societal challenges, fostering greater public understanding and dialogue.  

    https://www.ebc.com/ 

    About Brokeree Solutions

    Founded in 2013, Brokeree Solutions has consistently enhanced the technologies for multi-asset brokers worldwide. Leveraging extensive experience, the company contributed to the fintech area of the online trading industry by developing innovative solutions, streamlining operational procedures, and setting up advanced risk management systems.

    Brokeree’s flagship offerings include cross-platform Social Trading, Prop Pulse, Liquidity Bridge, and cross-server PAMM. Additionally, Brokeree provides over 50 solutions and tools designed to help brokers enhance their operations in areas such as account management, risk management, and liquidity management, accessible to brokers using MT4, MT5, cTrader, and DXtrade CFD trading platforms.

    brokeree.com

    Media Contact:
    Savitha Ravindran
    Global Public Relations Manager
    savitha.ravindran@ebc.com

    Michelle Siow
    Brand & Communications Director
    michelle.siow@ebc.com  

    The MIL Network

  • MIL-OSI Africa: A quarter of the world’s population are adolescents: major report sets out health and wellbeing trends

    Source: The Conversation – Africa – By Alex Ezeh, Dornsife Endowed Professor of Global Health, Drexel University

    The Lancet has released its second global commission report on Adolescent Health and Wellbeing. Adolescents are defined as 10- to 24-year-olds. The report builds on the first one, done in 2016. The latest report presents substantial original research that supports actions it recommends to be taken across sectors as well as at global, regional, country and local level. The co-chairs of the commission, Sarah Baird, Alex Ezeh and Russell Viner, together with the youth commissioners lead, Shakira Choonara, give a guide to the report’s findings.

    What were the key findings?

    The report noted significant improvements in some aspects of adolescent health and wellbeing since the 2016 report. These include reductions in:

    • communicable, maternal and nutritional diseases, particularly among female adolescents

    • the burden of disease from injuries

    • substance use, specifically tobacco and alcohol

    • teenage pregnancy.

    It also found that there had been an increase in age at first marriage and in education, especially for young women.

    Despite this progress, adolescent health and wellbeing is said to be at a tipping point. Continued progress is being undermined by rapidly escalating rates of non-communicable diseases and mental disorders, accompanied by threats from compounding and intersecting megatrends. These include climate change and environmental degradation, the growing power of commercial influences on health, rising conflict and displacement, rapid urbanisation, and the aftermath of the COVID-19 pandemic.

    These megatrends are outpacing responses from national governments and the international community.

    What’s unique about today’s cohort of adolescents?

    Born between 2000 and 2014, this is the first cohort of humans who will live their entire life in a time when the average annual global temperature has consistently been 0.5°C or higher above pre-industrial levels.

    At roughly 2 billion adolescents, they are the largest cohort of adolescents in the history of humanity. And this number will not be surpassed as populations age and fertility rates fall in even the poorest countries.

    They are the first generation of global digital natives. They live in a world of immense resources and opportunities, with unprecedented connectedness made possible by the rapid expansion of digital technologies. This is true even in the hardest-to-reach places.

    Growing participation in secondary and tertiary education is equipping adolescents of all genders with new economic opportunities and providing pathways out of poverty.

    These opportunities, however, are not being realised for most adolescents. Increasing numbers continue to grow up in settings with limited opportunities. In addition, investments in adolescent health and wellbeing continue to lag relative to their population share or their share of the global burden of disease.

    Investments in adolescents accounted for only 2.4% of the total development assistance for health in 2016-2021. This was despite the fact that adolescents accounted for 25.2% of the global population in that period and 9.1% of the total burden of disease. We use development assistance as a measure because, while governments also invest in adolescents, it’s difficult to account for how much this is. For example, when a government supports a health facility, it serves the entire population.

    Yet, the report provides evidence to show that the return on investments in adolescent health and wellbeing is highly cost-effective and at par with investments in children.

    What’s the news for adolescents in Africa?

    The report recognises the special place of Africa in the global future of adolescents. It notes that, by the end of this century, nearly half of all adolescents will live in Africa.

    Currently, adolescents in Africa experience higher burdens of communicable, maternal and nutritional diseases, at more than double the global average for both male and female adolescents. They also have a higher prevalence of anaemia, adolescent childbearing, early marriage and HIV infection. They are much less likely to complete 12 years of schooling and more likely to not be in education, employment, or training.

    Female adolescents in sub-Saharan Africa have the highest adolescent fertility rate at 99.4 births per 1,000 female adolescents aged 15-19 (the global average is 41.8). They have also experienced the slowest decline between 2016 and 2022.

    Globally, there was progress in reducing child marriage between 2016 and 2022. But in eight countries in 2022, at least one in three female adolescents aged 15–19 years was married. All but one of these eight countries were in sub-Saharan Africa. Niger (50.2%) and Mali (40.6%) had the highest proportion of married female adolescents.

    The practice of child marriage is declining in south Asia and becoming more concentrated in sub-Saharan Africa. As the report notes:

    it continues because of cultural norms, fuelled by economic hardships, insurgency, conflict, ambiguous legal provisions, and lack of political will to enforce legal provisions.

    What should be Africa’s focus areas?

    Beyond adolescent sexual and reproductive health concerns in sub-Saharan Africa, obesity is increasing fastest in the region. This illustrates the vulnerability of adolescents to the power of commercial interests.

    Since 1990, obesity and overweight has increased by 89% in prevalence among adolescents aged 15–19 years in sub-Saharan Africa. This is the largest regional increase.

    The absence of data on adolescents is a problem. Adolescents in sub-Saharan Africa are absent in many data systems. For example, data on adolescent mental health in sub-Saharan Africa is virtually absent.

    Stronger data systems are needed to understand and track progress on the complex set of determinants of adolescent health and wellbeing.

    Another area of concern is the massive inequities within countries, often gendered or by geography. While female adolescents in Kenya are experiencing substantial declines in the burden of HIV and sexually transmitted infections, adolescent males are experiencing increasing burdens. In South Africa, years of healthy life lost to maternal disorders show more than 10-fold differences between the Western Cape and North West provinces.

    Where there’s been strong political leadership, remarkable changes have been seen. Take the case of Benin Republic. The adolescent fertility rate in the country declined from 26% in 1996 to 20% in 2018 and child marriage from 39% to 31% over the same period. Strong political leadership has also led to substantial reductions in female genital mutilation or cutting. This fell from 12% of girls in Benin in 2001 to 2% in 2011–12 among 15–19-year-old girls in Benin Republic. Political leadership also facilitated the expansion, by the national parliament in 2021, of the grounds under which women, girls, and their families could access safe and legal abortion.

    But for every country that takes positive steps to protect the health and wellbeing of adolescents, several others regress.

    The last decade has witnessed regression in several countries. In 2024, The Gambia attempted to repeal a 2015 law criminalising all acts of female genital mutilation or cutting. In 2022, Nigeria’s federal government ordered the removal of sex education from the basic education curriculum.

    What are the recommended courses of action?

    The report calls for a multisectoral approach across multiple national ministries and agencies, including the office of the head of state, and within the UN system.

    Coordination and accountability mechanisms for adolescent health and wellbeing also need to be strengthened.

    Laws and policies are needed to protect the health and rights of adolescents, reduce the impact of the commercial determinants of health, and promote healthy use of digital and social media spaces and platforms.

    Strong political leadership at local, national, and global levels is essential.

    The report also calls for prioritised investments, the creation of enabling environments to transform adolescent health and wellbeing, and the development of innovative approaches to address complex and emerging health threats.

    It calls for meaningful engagement of adolescents in policy, research, interventions and accountability mechanisms that affect them.

    Without these concerted actions, we risk failing our young people and losing out on the investments being made in childhood at this second critical period in their development.

    The current adverse international aid climate is particularly affecting adolescents as much development assistance relates to gender and sexual and reproductive health. Concerted action in addressing adolescent health and wellbeing is an urgent imperative for sub-Saharan Africa.

    – A quarter of the world’s population are adolescents: major report sets out health and wellbeing trends
    – https://theconversation.com/a-quarter-of-the-worlds-population-are-adolescents-major-report-sets-out-health-and-wellbeing-trends-257282

    MIL OSI Africa

  • MIL-OSI: Five Star Bank expands Bay Area presence with new office in Walnut Creek

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CORDOVA, Calif., June 09, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today announced the planned opening of its newest office in Walnut Creek, marking a significant expansion of its Bay Area footprint.

    “Fueled by post-pandemic migration and a vibrant small business sector, Walnut Creek has experienced steady commercial growth and rising demand for high-tech and high-touch financial services,” said Executive Vice President / San Francisco Bay Area President, DJ Kurtze. “With existing client relationships in Walnut Creek — including local favorites like in-coming Original Joe’s and Calicraft Brewing Co., — Five Star Bank is seizing the opportunity to provide responsive banking solutions to more East Bay clients.”

    Five Star Bank’s Walnut Creek expansion builds on its broader growth strategy, following the opening of its San Francisco office in September 2024, and demonstrates its commitment to strategic investment in Northern California. The approximately 4,128 square foot, full-service branch will be located at The Plaza at Walnut Creek at 1333 North California Boulevard, Suite 510, in Walnut Creek. The new Walnut Creek office, which is expected to open in the third quarter of 2025, allows Five Star Bank to better serve its growing portfolio of clients in the region, ranging from family-owned businesses to professional service firms shaping the local economy. The space will also accommodate the bank’s growing team, with approximately one-third of its Bay Area employees already based in the East Bay.

    “We are very pleased to open a new office in Walnut Creek which serves as a natural extension of Five Star Bank’s commitment to the dynamic communities of the East Bay,” said Five Star Bank President and Chief Executive Officer, James Beckwith. “Walnut Creek’s thriving business landscape, highly skilled workforce and strong community values make it an ideal location for us to expand our presence. This office enhances our ability to deliver personalized, relationship-based banking while supporting continued growth for our clients and our team. We’re proud to invest in a city that reflects the future of the Bay Area.”

    About Five Star Bancorp
    Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phrases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under the section entitled “Risk Factors,” and other documents filed by the Company with the Securities and Exchange Commission from time to time.

    The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

    Investor contact
    Heather C. Luck, Chief Financial Officer
    Five Star Bancorp
    (916) 626-5008
    hluck@fivestarbank.com

    Media contact
    Shelley R. Wetton, Chief Marketing Officer
    Five Star Bancorp
    (916) 284-7827
    swetton@fivestarbank.com

    The MIL Network

  • MIL-OSI Security: Former President of Allentown Title Company Pleads Guilty to Defrauding Title Insurance Underwriter, Clients, and U.S. Government

    Source: Office of United States Attorneys

    PHILADELPHIA – United States Attorney David Metcalf announced that Louis Belletieri, 43, of Allentown, Pennsylvania, entered a plea of guilty today before United States District Judge Jeffrey L. Schmehl on two counts of wire fraud, charges arising from his scheme to defraud a title insurance underwriter and clients and his fraudulent application to the Small Business Administration (SBA) to obtain Economic Injury Disaster Loans (“EIDL”).

    In May of this year, the defendant was charged with those offenses by information.

    As detailed in court documents, Belletieri was the president of Allentown-based Security Settlement Services of Pittsburgh d/b/a Legacy Title (“Legacy Title”), which he purported to operate for the purpose of providing title and real estate closing services to clients in connection with real estate transactions.

    In or about November 2013, the defendant, as Legacy Title’s president, entered into a contract with a title insurance underwriter, in which the underwriter appointed Legacy Title as its agent for the purpose of issuing title insurance commitments, policies, endorsements for Pennsylvania properties.

    Legacy Title and Belletieri maintained an escrow account to receive funds in connection with these and other client real estate transactions. The money from customers, mortgage lenders, and others was typically transferred electronically into Legacy Title’s escrow account.

    Belletieri should have maintained the funds in the escrow account for the purpose of conducting real estate transactions and disbursing funds as appropriate and for the purpose for which they were entrusted, such as to pay off mortgages, pay taxes, obtain title insurance, and pay for other expenses in connection with real estate transactions.

    As further detailed in court filings and admitted to by the defendant, he instead used the funds in the escrow account for personal reasons, including, among other things, to place online sports bets.

    During the course of the scheme, Belletieri regularly made and caused to be made electronic transfers of funds to and from the escrow account to, from, and among Legacy Title’s business operating account, his personal bank account, his credit card account, and online sports betting platforms.

    From in or about March 2020 through in or about September 2023, Belletieri made electronic transfers of funds from the escrow account to his personal account totaling approximately $6,434,500, and from the escrow account to the business operating account totaling approximately $2,460,190, many of which were not for legitimate business purposes.

    Belletieri took numerous steps to conceal his fraud upon his clients and the title insurance underwriter, including by submitting a fraudulent application to the SBA on behalf of Legacy Title to defraud the SBA and obtain funds via the EIDL program. In connection with this application, the defendant entered into fraudulent loan agreements with the SBA, falsely agreeing that he would use the proceeds of the loan solely as working capital to alleviate economic injury related to the Covid-19 pandemic.

    When the SBA disbursed the EIDL funding to Legacy Title and Belletieri pursuant to his fraudulent application, Belletieri used significant portions of the proceeds for personal uses, rather than as working capital for Legacy Title. As a result, the defendant caused the SBA to disburse a total of approximately $825,000 due to his fraud.

    Belletieri is scheduled to be sentenced on September 12 and faces a maximum possible sentence of 40 years’ imprisonment.

    The case was investigated by FBI Philadelphia’s Allentown Resident Agency with assistance from the Lehigh County District Attorney’s Office and is being prosecuted by Assistant United States Attorneys John J. Boscia and Rebecca J. Kulik.

    MIL Security OSI

  • MIL-OSI Security: Founder of Orange County Based Non-Profit Charged in 15-Count Indictment Alleging He Bribed County Supervisor in $12 Million Scheme

    Source: US FBI

    SANTA ANA, California – The founder of a now-shuttered non-profit organization has been indicted on federal charges alleging he bribed then-Orange County Supervisor Andrew Hoang Do to obtain approximately $12 million in COVID-19 pandemic-related funds, pocketed the bulk of that money, then laundered it to avoid detection by law enforcement, the Justice Department announced today.

    Peter Anh Pham, 65, of Garden Grove, is charged with one count of conspiracy to commit wire fraud, one count of conspiracy to commit honest services wire fraud, six counts of wire fraud, six counts of concealment money laundering, and one count of bribery.

    Also charged in the indictment is Thanh Huong Nguyen, 61, of Santa Ana, who is charged with one count of conspiracy to commit wire fraud, one count of wire fraud, and one count of concealment money laundering.

    Pham is considered to be a fugitive from justice. Nguyen’s initial appearance and arraignment are expected to occur on Monday in U.S. District Court in Santa Ana.

    “These two defendants are charged with conspiring with a corrupt politician to pad their pockets while the nation suffered under the weight of COVID-19,” said United States Attorney Bill Essayli. “My office and our law enforcement partners will continue our efforts to prosecute individuals who cashed in on government aid intended to help those impacted by the largest public health emergency in a century.”

    “This conspiracy was a house of cards built on lies, betrayal, and insatiable greed,” said Orange County District Attorney Todd Spitzer. “Today’s indictments are another critical step in ensuring accountability – and consequences – for those who conspired to use the County of Orange’s COVID-19 funds as their personal ATMs – and to return those stolen funds to their rightful owners – the community for which these funds were originally intended.” 

    According to the indictment that was returned on Wednesday and unsealed today, Pham was a friend and associate of Do, 62, of Santa Ana, who served on the Orange County Board of Supervisors from 2015 until his resignation in October 2024. In that role, Do was one of five supervisors on the Board, which is responsible for the county’s $9 billion annual budget.

    Do pleaded guilty in October 2024 to one count of conspiracy to commit bribery concerning programs receiving federal funds and is scheduled to be sentenced on June 9, when he will face a sentence of up to five years in federal prison. 

    From June 2020 to October 2024, Do used his official position as a county supervisor to vote for millions of dollars in county funds to be allocated in his district, subject to disbursement at his sole discretion. Do then steered county contracts and grants to Pham and Nguyen, the indictment alleges. 

    For example, in June 2020, Do voted to approve an agenda item that, in part, allocated $5 million in federal COVID-19 pandemic-relief funding to a county nutrition program. As part of this agenda item, Do authorized himself a budget of $1 million to develop that nutrition program in his district, which he could distribute without further approval from the rest of the Board. Eight days after Do voted to approve the agenda item, Pham founded the Huntington Beach-based non-profit organization Viet America Society (VAS).

    Pham, through VAS, and Nguyen, through a Garden Grove-based group called Hand-to-Hand Relief Organization Inc. (H2H), entered into contracts and beneficiary agreements with the county. In many of these contracts, VAS and H2H falsely represented that they would reimburse the county for any funds not spent for the contract’s intended purpose. In each of the beneficiary agreements, VAS and H2H falsely certified that all funds would be used solely for the grant’s intended purpose.

    In exchange for Pham’s bribes in the form of payments to his two daughters, Do used his official position as a county supervisor to advocate for VAS and H2H so county employees would approve contracts and beneficiary agreements between the county and these organizations. Do and his staff – including his chief of staff – edited the terms of those contracts and agreements to make them more favorable to Pham and Nguyen. Through the influence of Do and his staff, the county wired funds to Pham and Nguyen. 

    After receiving county funds, Pham and Nguyen transferred most of the money to other entities they controlled. They then spent large portions of the funds to pay personal expenses such as rent and bills, to pay off debts owed by their other businesses, and to make personal investments such as purchasing commercial and residential real estate. Pham and Nguyen also used county funds to bribe Do through payments to his daughters.

    Pham also used county money to pay the eventual wife of Do’s chief of staff, under the guise that she was providing consulting services to VAS. Do’s chief of staff then used his position in Orange County’s government to help VAS and H2H obtain county contracts, edited the contracts’ terms to make them more favorable to VAS and H2H, and helped those organizations fulfill reporting requirements and get paid.

    When required to submit invoices to the county to account for how the money was being spent, Pham and Nguyen submitted false documents, claiming to have used all the funds – all solely for legitimate purposes and according to the contracts’ terms.

    To disguise the funds’ source, Pham and an associate caused checks from county funds to be written to a Westminster-based company called D Air Conditioning Co. LLC. This company then issued checks from its corporate bank account to Pham, Pham’s associate, and one of Do’s daughters.

    In total, Pham and Nguyen unlawfully acquired approximately $12 million in county funds through this conspiracy.

    An indictment contains allegations that a defendant has committed a crime.  Every defendant is presumed innocent until and unless proved guilty beyond a reasonable doubt.

    If convicted of the charges, Pham and Nguyen would face a statutory maximum sentence of 20 years in federal prison for the conspiracy count, each wire fraud count, and each money laundering count. Pham also would face up to 10 years in federal prison for the bribery count. 

    The FBI, the Orange County District Attorney’s Office Bureau of Investigation, and IRS Criminal Investigation are investigating this matter.      

    Assistant United States Attorneys Nandor F.R. Kiss and Rosalind Wang of the Orange County Office, Assistant United States Attorney Tara Vavere of the Asset Forfeiture and Recovery Section, and Senior Deputy District Attorney Avery T. Harrison and Deputy District Attorney Anthony J. Schlehner of Orange County District Attorney’s Office are prosecuting this case.

    MIL Security OSI

  • MIL-OSI Security: Former Orange County Supervisor Sentenced to 5 Years in Prison for Bribery Scheme Involving More Than $10 Million in COVID Funds

    Source: Office of United States Attorneys

    SANTA ANA, California – A former politician who served on the Orange County Board of Supervisors was sentenced today to 60 months in federal prison for accepting more than $550,000 in bribes for directing and voting in favor of more than $10 million in COVID-19 pandemic relief funds to a charity affiliated with one of his daughters.

    Andrew Hoang Do, 62, of Santa Ana, was sentenced by United States District Judge James V. Selna, who scheduled a restitution hearing for August 11.

    Do pleaded guilty in October 2024 to one count of conspiracy to commit bribery concerning programs receiving federal funds.

    “Elected officials have a sworn duty to put their constituents’ interests ahead of their own,” said United States Attorney Bill Essayli. “Public money intended to assist aging and ailing pandemic victims instead filled the coffers of Do, his family, and insiders. I commend our prosecutors and law enforcement partners for their work on this important case and for helping to remove a corrupt politician from his seat of power.”

    “As a county supervisor, Andrew Do transformed the County of Orange into an ATM available to his insiders, his loved ones, and himself, withdrawing millions of dollars to buy houses, lavish dinners, and expensive wine while the elderly, the sick, and the vulnerable who depended on Andrew Do were left to fend for themselves,” said Orange County District Attorney Todd Spitzer. “We, along with our federal partners, are continuing to peel back the layers of conspiracy to hold every thief accountable and return those stolen monies to the communities to which they belonged.”    

    “Mr. Do abused his powerful position as a county supervisor to profit personally at the expense of individuals in need, as well as the residents of Orange County, who deserve honest leadership,” said Akil Davis, the Assistant Director in Charge of the FBI’s Los Angeles Field Office. “The FBI will continue to pursue corrupt public officials whose actions erode trust in government.”

    From February 2015 until his resignation in October 2024, Do was one of five supervisors on the Orange County Board of Supervisors, which is responsible for the county’s $9 billion annual budget. As supervisor for the First District, Do represented the cities of Cypress, Fountain Valley, Garden Grove, Huntington Beach, La Palma, Los Alamitos, Midway City, Rossmoor, Seal Beach, and Westminster.

    Beginning in 2020, in exchange for more than $550,000 in bribes, Do voted in favor of and directed millions of dollars in COVID-related funds to the Viet America Society (VAS), a charity affiliated with his daughter. Do directed and worked together with other county employees to approve contracts with – and payments to – VAS. Do further admitted he acted corruptly and abused his position of trust as a county supervisor.

    Shortly after receiving the COVID-related public funds from the county government – funds that were intended to provide meals to the elderly and disabled – VAS from April 2021 to February 2024 paid a business identified in court documents as “Company #1” $100,000 or more per month, which totaled approximately $3,804,000. In September 2021, VAS increased its payments to Company #1 from $100,000 to $108,000 per month. Company #1 then began paying Rhiannon Do – Do’s daughter – $8,000 per month, totaling by February 2024 approximately $224,000.

    In addition to the $8,000 monthly payments that Company #1 had made to Do’s daughter, in July 2023, Company #1 also transferred a total of $381,500 from the funds it had received from VAS to an escrow company. In July 2023, Do’s daughter used the escrow account funds to purchase a home, in her name, in Tustin for $1,035,000. As part of that transaction, a mortgage for more than $600,000 was obtained by a loan application that contained false information and with fabricated documents. Do’s daughter has admitted in court documents that her conduct was criminal and violated federal and state law.

    The $381,500 from Company #1 that his daughter used to purchase the Tustin house in 2023 was a disguised bribe to Do. An additional $100,000 in payments sent to his other daughter, including three $25,000 checks from Company #2 – an air conditioning company that had been paid by VAS – also were bribes to Do.

    Some of the bribe funds that had been funneled to his daughters were spent for his direct benefit. For example, during 2022, a total of $14,849 of funds that had been funneled to Do’s daughters was used to make property tax payments for properties in Orange County owned by Do and his wife. Approximately $15,000 was used to pay for one of Do’s credit card bills.

    Do knew that VAS was not providing all the meals for which the county had paid VAS. Instead, much of the funds were used for the benefit of insiders, including to buy real estate in the name of both Do’s daughter and Company #1, bribe payments to both of Do’s daughters, payments to other conspirators, payments to other companies affiliated with VAS’s listed officers, and through hundreds of thousands of dollars in cash withdrawals.

    Do forfeited assets connected to the bribery scheme, including the Tustin property his daughter purchased in 2023. As part of his daughter’s related diversion agreement, she forfeited the Tustin property. The plea agreement requires Do to pay full restitution by paying back the bribe money he and his daughters received. In August 2024, the government seized more than $2.4 million from VAS’s and Company #1’s bank accounts.

    Do resigned from the Orange County Board of Supervisors as part of a related agreement with the Orange County District Attorney’s Office (OCDA). He also agreed to forfeit any pension credit for the time where he participated in the bribery conspiracy.

    The FBI; the Orange County District Attorney’s Office Bureau of Investigation; the Federal Deposit Insurance Corp. Office of the Inspector General; IRS Criminal Investigation; and the United States Department of Education Office of the Inspector General investigated this matter.

    This matter is being jointly prosecuted by the United States Attorney’s Office and OCDA. The prosecution is being led by Assistant United States Attorneys Nandor F.R. Kiss, Rosalind Wang, and Tara Vavere of the United States Attorney’s Office and Senior Deputy District Attorney Avery T. Harrison and Deputy District Attorney Anthony J. Schlehner of the OCDA. 

    Any member of the public who has information related to this or any other public corruption matter in Orange County is encouraged to send information to the FBI’s email tip line at https://tips.fbi.gov and/or to contact the FBI’s Los Angeles Field Office at (310) 477-6565.

    MIL Security OSI

  • MIL-OSI Global: Why wind farm developers are pulling out at the last minute

    Source: The Conversation – UK – By Thomas York, Postgraduate Researcher in Human Geography, University of Leicester

    ShutterDesigner/Shutterstock

    The UK government’s strategy for tackling climate change received a major blow in May when Danish developer Ørsted announced that adverse economic developments had halted its 2.4 gigawatt (GW) Hornsea 4 wind farm in the North Sea.

    The government aims to generate at least 43GW of offshore wind power (current capacity is 14.7GW) and 95% of all energy from renewable sources by 2030.

    These targets are now in jeopardy. The cancellation of Hornsea 4 follows a similar decision by Swedish developer Vattenfall, which stopped work on its 1.4GW Norfolk Boreas wind farm in 2023.

    What is forcing renewable energy developers to pull out when they are due to make their final investment decision?


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


    The offshore wind industry is exposed to fluctuations in the prices of raw materials necessary to meet rising global demand for renewable energy. This vital part of the energy transition, alongside the phaseout of fossil fuels, has been impeded by inflation caused by the pandemic and the war in Ukraine.

    Building a wind turbine requires significant amounts of steel, copper and aluminium, all of which doubled or tripled in price between 2020 and 2023. Turbine manufacturers have raised prices in an effort to recover recent losses. This affects the profitability forecasts of wind energy developers like Ørsted and the viability of each of their projects.

    Impending national and international net zero targets also mean that developers globally are having to make earlier investments in transmission infrastructure. An exponential increase in demand for scarce high-voltage cabling has already led to high-profile cancellations of offshore wind farms in the US.

    Electricity network operators are scrambling to update power grids.
    Esbobeldijk/Shutterstock

    Rising demand for rare earth metals used to make magnets in turbine generators has also been snared by geopolitical issues. The mining, processing and refining of these metals is dominated by China, which manufactures over 90% of these magnets.

    A shortage of boats

    Developers need boats to build offshore wind farms. Here lies another strain on the timescales of developers.

    Ørsted ceased work on its 2.2GW Ocean Wind development zone off the coast of New Jersey in 2023, citing a vessel delay in its decision to cancel the project.

    According to the advocacy group WindEurope, demand for vessels capable of installing foundations and turbines and laying cables will outstrip availability within the next five years. The gap between the two is forecast to skyrocket between 2028 and 2030. This will make it harder to commission the wind farms that the UK government is relying on to reach its 43GW target by the end of the decade.

    Delays caused by these issues can result in a problem known as “contract erosion”. In their contracts, developers have a commissioning window within which turbines have to start generating. If they are not operational within this time, they lose their subsidies on a day-by-day basis.

    Rising costs mean that even one of the world’s biggest wind farms, Dogger Bank in the North Sea, will not be profitable for its developer, Equinor. As a prospect for generating financial returns, renewable energy still cannot compete with oil and gas.

    This is the key argument of economic geographer Brett Christophers in his recent book The Price is Wrong. Christophers argues that, if national governments continue to rely so heavily on private sector investment to build renewable energy, decarbonisation is unlikely to proceed as fast as it needs to. It is simply not profitable enough.

    Misguided planning reform

    How might the UK defy difficult global conditions and meet its 43GW target by 2030? So far, the government’s main proposal has been to relax timelines for the planning process of wind farms.

    Earlier in 2025 it opened a consultation on reforms to the contracts for difference process, which is how developers bid for long-term energy generation contracts, prior to an auction round in summer 2025.

    The main proposed change was to allow developers of fixed-bottom offshore wind projects to bid in the auction before receiving a development consent order, or a DCO. A DCO defines the approved scope of a development, taking into account environmental surveys, land rights and developer proposals.

    It can take more than two years for a DCO to be awarded. The government hopes that fast-tracking fixed-bottom developments will result in more contracts being awarded in the latest auction, but will this work?

    The government is aware of the risks. Planning permission could be refused after a contract has been awarded, and projects without consent face even greater uncertainty over costs than developments that already have a DCO.

    The government might be able to get more projects into the pipeline, but the supply chain is already stretched to its limits. Through the state-owned investment body GB Energy, the government has pledged £300 million to bolster the domestic supply chain for components required for offshore wind, like platforms and cabling.

    However, this investment largely focuses on new technologies for floating offshore wind, leaving fixed-bottom projects like Hornsea 4 at the mercy of vessel delays and raw material price rises. If something does not change to mitigate costs and increase returns for developers, the government’s 2030 target is in doubt.


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

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


    Thomas York receives funding from the University of Leicester’s Future 50 doctoral training pathway.

    ref. Why wind farm developers are pulling out at the last minute – https://theconversation.com/why-wind-farm-developers-are-pulling-out-at-the-last-minute-256842

    MIL OSI – Global Reports

  • MIL-OSI Global: Shoemaker Clarks is turning 200. Its Quaker roots made it a pioneer of ethical business

    Source: The Conversation – UK – By Nicholas Burton, Professor, Department of Leadership and Human Resource Management, Northumbria University, Newcastle

    DELBO ANDREA/Shutterstock

    For many, the Clarks brand is a byword for sturdy school shoes and functional footwear for those of more mature years. The manufacturing and retailing company was set up two centuries ago in Somerset, England, in the shadows of Glastonbury Tor, by brothers Cyrus and James Clark. In 2025, it is celebrating its 200th anniversary and remains a formidable force both on the high street and online.

    Less well known is that the Clark brothers, like chocolatier families Cadbury and Rowntree, were Quakers. This small religious community has produced a remarkable and disproportionate number of scientists, thinkers and campaigners for justice, peace and human rights. In addition, its contribution of ethical businesses has dominated many industries in the UK.

    The Lloyds and Barclays of the banking dynasties were Quakers. The Jacobs (of biscuits and crackers fame) were Quakers. So were the Rathbones (fund management), the Penroses (founders of Waterford Crystal) and the Waterhouse family (accountancy), to name just a few.

    The Quakers – more formally known as the Religious Society of Friends (Quakers) – have a history of nearly 400 years in Britain and the US. While Quakerism has Christian foundations, Quakers also emphasise moral commitments to peace, truth, integrity, simplicity and equality – the five testimonies in Quaker theology. These came to define how Quakers approach the world, and their businesses.


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


    As early Quakers were deemed radical and challenged the established church, they became persecuted by the state during the 17th century. They were excluded from political and public life, as well as from universities. Perhaps as a direct consequence, Quakers became highly active entrepreneurs and came to dominate many industries through a combination of their testimonies and outward entrepreneurial action.

    This led to the reputation that Quaker firms had for trustworthiness and integrity. Their impact was perhaps so acute as to represent a distinctive form of ethical entrepreneurship.

    While not all Quakers were engaged in commerce, and not all those who were succeeded, a disproportionate number did. Such commercial success is all the more intriguing, as the Quakers were a very small (and, from the mid-18th century, declining) minority of the UK population (about 20,000 in total today).

    Zero-waste beginnings

    Quaker values and the entrepreneurial spirit are woven through the history of Clarks. For example, the original business idea by James in 1825 to produce sheepskin slippers was born of a desire to eliminate waste, with slippers produced from off-cuts of sheepskin rugs.

    Like many Quaker businesses, Clarks has always supported social and environmental causes. Family members took a central role in the anti-abolitionist movement and in women’s suffrage.

    It also invested a proportion of its profits in local community amenities, such as building homes, constructing classrooms, funding a theatre, a library, an open-air swimming pool, a town hall and playing fields near the company’s base in Street, Somerset.

    Today, Clarks continues to play an active community role. It champions corporate responsibility and high sustainability criteria in its business operations and supply chains. This focus draws interesting parallels with the modern social enterprise sector, and ethical, purpose-driven business accreditation schemes such as B Corporation status, which assesses profit-making firms on their environmental, social and governance credentials.

    The moral commitments of the members of the Clarks family in these formative years of the firm have left their mark and shaped its later development. The 200-year history of the firm represents a close affinity between the values of the company and the values of Quakers.

    A classic – the Clarks Wallabee shoe.
    Rushay/Shutterstock

    However, all firms from time to time face challenges to the way they do business. The balance between economics and ethics can be a fine line to tread. It’s no different for Clarks. Struggling to survive the impact of the COVID pandemic in 2020, and with losses mounting, the Clark family sold its stake to a private equity firm.

    Within 12 months, Clarks workers accused the new owners of betraying the company’s philanthropic roots by threatening them with dismissal if they did not accept significant pay cuts. Clarks said at the time that renegotiating workers’ terms would be a “very last resort” and that almost half of the workers in the distribution centre in question would receive a pay rise.

    The dispute involved strike action and mediation, eventually leading to a resolution. Afterwards, Clarks said in a joint statement with the Community union that the resolution had protected workers’ livelihoods and recognised their loyalty to the firm.

    This demonstrated how firms can face repeated cycles of crises, including competitive, financial and economic shocks that bring debates about ethics into focus. These crisis events are typically more acute when a founder, CEO or family departs, and especially when those involved with the company honour its tradition and legacy. Rathbones, the fund management company with Quaker origins, was faced with similar challenges when the family was no longer actively involved.

    Yet despite the economic and financial pressures that Clarks faced in this exceptional period, the firm is also attempting to protect the core of its moral backbone. It echoes an affinity – albeit a more distant one – with the Quakerism of the founding family.

    This stance can potentially be fragile, however. Businesses must remain viable as businesses – and only last year Clarks was facing up to a difficult trading environment by cutting 150 office staff. Indeed, the previous conversation within the firm and the community about betrayal clearly expresses a strong moral view, shaped by the links to Quaker values. It is also a conversation about the future strength of those ties, and one that places values at the heart of its future.

    Nicholas Burton 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. Shoemaker Clarks is turning 200. Its Quaker roots made it a pioneer of ethical business – https://theconversation.com/shoemaker-clarks-is-turning-200-its-quaker-roots-made-it-a-pioneer-of-ethical-business-258323

    MIL OSI – Global Reports

  • MIL-OSI: Default ahead for California? Unlikely, says New Report From Payden & Rygel’s California Municipal Social Impact Fund Team

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) — Recent concerns over California’s fiscal health—driven by declining initial public offering (IPO) volume, reduced federal funding risk, and rising costs—have prompted questions about the state’s financial stability. However, after a thorough analysis, Payden & Rygel’s market-leading municipal bond team believes the risk of a bond default or severe credit deterioration remains low.

    “While we understand investors’ concerns about the California economy, its capacity to generate adequate revenue to match spending levels and the potential impact on the state’s municipal debt, we believe that although the revenue picture is softening, the outlook remains relatively stable over the next 1-2 years with potential credit rating deterioration limited to just one notch over that timeframe in a worst case scenario. Near term ratings will hinge on the final FY 26 budget that we expect Sacramento to pass by June 15th, otherwise lawmakers don’t get paid,” say the report’s authors, the Payden & Rygel’s California Municipal Social Impact Fund team.

    “We are also closely monitoring the evolution of entitlement spending reduction proposals at the federal level but ultimately expect Medicaid cuts to be less pervasive than currently feared,” they added.

    Here are six reasons to be optimistic:

    Reason 1: Legal structure.

    The 10th amendment prohibits states, including California, from filing for bankruptcy. While defaults are technically possible, California is nowhere near default based on current indicators.

    Reason 2: Strong revenues, limited impact from IPO weakness

    With less than a month in the current fiscal year, tax revenues are weakening but remain strong, with Governor Newsom’s recent May Revision projecting a relatively small $12 billion projected for next year. IPO activity, while down, is not a core revenue driver. Its recent decline reflects a normalization post-COVID stimulus, not a structural weakness.

    Reason 3: Credit ratings are stable

    All three major credit agencies S&P, Moody’s, and Fitch—rate California AA-/Aa2/AA, respectively, all with stable outlooks but we expect the ratings agencies to refine their views this summer following the finalization of the FY 2026 budget process by the end of June.

    Reason 4: A strong economy with healthy reserves

    California’s gross domestic product (GDP) ranks #4 globally, recently surpassing Japan, underscoring a broad, diverse and innovative state economy with a deep employment base. Although reserves have dipped since 2023 due to pandemic fund drawdowns and budgetary uncertainty in FY 2023/2024 due to delayed tax receipts, they remain at comparatively strong levels historically that will grant state leadership time to navigate federal policy uncertainty, which Governor Newsom blames for a softening of revenue.

    Reason 5: Manageable liabilities

    Debt service is low at 3–4% of governmental expenditures, and pension funding remains solid. Because of constitutional protections that prioritize education and debt payments, revenue would need to drop over 50% to threaten debt service. For context, State revenues dropped 15% in 2008.

    Reason 6: Credit conditions are weakening but remain healthy

    Despite uncertainty, California retains healthy credit fundamentals with relatively stable ratings, manageable deficits, excellent access to liquidity and conservative budgeting assumptions that support bondholder confidence.

    In summary, while recent headlines surrounding tariffs, fiscal tightening, and economic uncertainty have contributed to heightened market anxiety, our base case remains firm: Although California’s credit profile is softening, it continues to demonstrate resilience, supported by a vast and diversified tax base, substantial reserve levels across all governmental funds, and long-term liabilities that we consider both moderate and manageable.

    Here is a link to the full report.

    ABOUT PAYDEN & RYGEL

    With $165 billion under management, Payden & Rygel is one of the largest privately-owned global investment advisers focused on the active management of fixed income and equity portfolios. Payden & Rygel provides a full range of investment strategies and solutions to investors around the globe, including Central Banks, Pension Funds, Insurance Companies, Private Banks, and Foundations. 

    This material reflects the firm’s current opinion and is subject to change without notice. Sources for the material contained herein are deemed reliable but cannot be guaranteed. This material is for illustrative purposes only and does not constitute investment advice or an offer to sell or buy any security. Past performance is no guarantee of future results.

    For press requests, please contact:
    Kate Ennis
    ennis@daipartnerspr.com
    301-580-6726

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/367a23d6-9d21-429c-a5ea-634d52a11acd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f85ccbe4-4c3a-4ee8-a197-5f8be8382a85

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI Global: A quarter of the world’s population are adolescents: major report sets out health and wellbeing trends

    Source: The Conversation – Africa – By Alex Ezeh, Dornsife Endowed Professor of Global Health, Drexel University

    The Lancet has released its second global commission report on Adolescent Health and Wellbeing. Adolescents are defined as 10- to 24-year-olds. The report builds on the first one, done in 2016. The latest report presents substantial original research that supports actions it recommends to be taken across sectors as well as at global, regional, country and local level. The co-chairs of the commission, Sarah Baird, Alex Ezeh and Russell Viner, together with the youth commissioners lead, Shakira Choonara, give a guide to the report’s findings.

    What were the key findings?

    The report noted significant improvements in some aspects of adolescent health and wellbeing since the 2016 report. These include reductions in:

    • communicable, maternal and nutritional diseases, particularly among female adolescents

    • the burden of disease from injuries

    • substance use, specifically tobacco and alcohol

    • teenage pregnancy.

    It also found that there had been an increase in age at first marriage and in education, especially for young women.

    Despite this progress, adolescent health and wellbeing is said to be at a tipping point. Continued progress is being undermined by rapidly escalating rates of
    non-communicable diseases and mental disorders, accompanied by threats from compounding and intersecting megatrends. These include climate change and environmental degradation, the growing power of commercial influences on health, rising conflict and displacement, rapid urbanisation, and the aftermath of the COVID-19 pandemic.

    These megatrends are outpacing responses from national governments and the international community.

    What’s unique about today’s cohort of adolescents?

    Born between 2000 and 2014, this is the first cohort of humans who will live their entire life in a time when the average annual global temperature has consistently been 0.5°C or higher above pre-industrial levels.

    At roughly 2 billion adolescents, they are the largest cohort of adolescents in the history of humanity. And this number will not be surpassed as populations age and fertility rates fall in even the poorest countries.

    They are the first generation of global digital natives. They live in a world of immense resources and opportunities, with unprecedented connectedness made possible by the rapid expansion of digital technologies. This is true even in the hardest-to-reach places.

    Growing participation in secondary and tertiary education is equipping adolescents of all genders with new economic opportunities and providing pathways out of poverty.

    These opportunities, however, are not being realised for most adolescents. Increasing numbers continue to grow up in settings with limited opportunities. In addition, investments in adolescent health and wellbeing continue to lag relative to their population share or their share of the global burden of disease.

    Investments in adolescents accounted for only 2.4% of the total development assistance for health in 2016-2021. This was despite the fact that adolescents accounted for 25.2% of the global population in that period and 9.1% of the total burden of disease. We use development assistance as a measure because, while governments also invest in adolescents, it’s difficult to account for how much this is. For example, when a government supports a health facility, it serves the entire population.

    Yet, the report provides evidence to show that the return on investments in adolescent health and wellbeing is highly cost-effective and at par with investments in children.

    What’s the news for adolescents in Africa?

    The report recognises the special place of Africa in the global future of adolescents. It notes that, by the end of this century, nearly half of all adolescents will live in Africa.

    Currently, adolescents in Africa experience higher burdens of communicable, maternal and nutritional diseases, at more than double the global average for both male and female adolescents. They also have a higher prevalence of anaemia, adolescent childbearing, early marriage and HIV infection. They are much less likely to complete 12 years of schooling and more likely to not be in education, employment, or training.

    Female adolescents in sub-Saharan Africa have the highest adolescent fertility rate at 99.4 births per 1,000 female adolescents aged 15-19 (the global average is 41.8). They have also experienced the slowest decline between 2016 and 2022.

    Globally, there was progress in reducing child marriage between 2016 and 2022. But in eight countries in 2022, at least one in three female adolescents aged 15–19 years was married. All but one of these eight countries were in sub-Saharan Africa. Niger (50.2%) and Mali (40.6%) had the highest proportion of married female adolescents.

    The practice of child marriage is declining in south Asia and becoming more concentrated in sub-Saharan Africa. As the report notes:

    it continues because of cultural norms, fuelled by economic hardships, insurgency, conflict, ambiguous legal provisions, and lack of political will to enforce legal provisions.

    What should be Africa’s focus areas?

    Beyond adolescent sexual and reproductive health concerns in sub-Saharan Africa, obesity is increasing fastest in the region. This illustrates the vulnerability of adolescents to the power of commercial interests.

    Since 1990, obesity and overweight has increased by 89% in prevalence among adolescents aged 15–19 years in sub-Saharan Africa. This is the largest regional increase.

    The absence of data on adolescents is a problem. Adolescents in sub-Saharan Africa are absent in many data systems. For example, data on adolescent mental health in sub-Saharan Africa is virtually absent.

    Stronger data systems are needed to understand and track progress on the complex set of determinants of adolescent health and wellbeing.

    Another area of concern is the massive inequities within countries, often gendered or by geography. While female adolescents in Kenya are experiencing substantial declines in the burden of HIV and sexually transmitted infections, adolescent males are experiencing increasing burdens. In South Africa, years of healthy life lost to maternal disorders show more than 10-fold differences between the Western Cape and North West provinces.

    Where there’s been strong political leadership, remarkable changes have been seen. Take the case of Benin Republic. The adolescent fertility rate in the country declined from 26% in 1996 to 20% in 2018 and child marriage from 39% to 31% over the same period. Strong political leadership has also led to substantial reductions in female genital mutilation or cutting. This fell from 12% of girls in Benin in 2001 to 2% in 2011–12 among 15–19-year-old girls in Benin Republic. Political leadership also facilitated the expansion, by the national parliament in 2021, of the grounds under which women, girls, and their families could access safe and legal abortion.

    But for every country that takes positive steps to protect the health and wellbeing of adolescents, several others regress.

    The last decade has witnessed regression in several countries. In 2024, The Gambia attempted to repeal a 2015 law criminalising all acts of female genital mutilation or cutting. In 2022, Nigeria’s federal government ordered the removal of sex education from the basic education curriculum.

    What are the recommended courses of action?

    The report calls for a multisectoral approach across multiple national ministries and agencies, including the office of the head of state, and within the UN system.

    Coordination and accountability mechanisms for adolescent health and wellbeing also need to be strengthened.

    Laws and policies are needed to protect the health and rights of adolescents, reduce the impact of the commercial determinants of health, and promote healthy use of digital and social media spaces and platforms.

    Strong political leadership at local, national, and global levels is essential.

    The report also calls for prioritised investments, the creation of enabling environments to transform adolescent health and wellbeing, and the development of innovative approaches to address complex and emerging health threats.

    It calls for meaningful engagement of adolescents in policy, research, interventions and accountability mechanisms that affect them.

    Without these concerted actions, we risk failing our young people and losing out on the investments being made in childhood at this second critical period in their development.

    The current adverse international aid climate is particularly affecting adolescents as much development assistance relates to gender and sexual and reproductive health. Concerted action in addressing adolescent health and wellbeing is an urgent imperative for sub-Saharan Africa.

    Alex Ezeh is a fellow at the Stellenbosch Institute for Advanced Study (Stias).

    Russell Viner and Sarah Baird do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. A quarter of the world’s population are adolescents: major report sets out health and wellbeing trends – https://theconversation.com/a-quarter-of-the-worlds-population-are-adolescents-major-report-sets-out-health-and-wellbeing-trends-257282

    MIL OSI – Global Reports

  • MIL-OSI: LeddarTech Enters into Further Amendments to Credit Facility and Bridge Financing Offer and Announces the Return to Work of Certain Employees Following Furlough

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, June 09, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-powered low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has entered into:

    • an eighteenth amending agreement (the “Eighteenth Amending Agreement”) with Fédération des caisses Desjardins du Québec (“Desjardins”) with respect to the amended and restated financing offer dated as of April 5, 2023 (the “Desjardins Credit Facility”), pursuant to which Desjardins has agreed to, among other things, temporarily postpone certain payments of interest and fees until January 31, 2026, subject to acceptable cash flow projected payments; and
    • a sixth amending agreement (the “Sixth Amending Agreement”) with the initial bridge lenders, certain members of management and the board of directors and FS Investment Management (collectively, the “Bridge Lenders”) with respect to the bridge financing offer dated as of August 16, 2024 (the “Bridge Financing Offer”) pursuant to which the Bridge Lenders have agreed to, among other things, extend the maturity of the bridge loan to January 31, 2026.

    The Sixth Amending Agreement to the Bridge Financing Offer also provides for a new bridge to equity term loan by FS Investment Management in the amount of up to US$2,000,000 for the purposes of providing LeddarTech with the cash necessary to complete one or more equity investments or commercial transactions involving LeddarTech and its technology.

    There is no certainty that LeddarTech will be able to raise additional funds or complete any commercial transaction and there can be no assurance that LeddarTech will be successful in pursuing and implementing any such alternatives, nor any assurance as to the outcome or timing of any such alternatives.

    The foregoing descriptions of the Eighteenth Amending Agreement and the Sixth Amending Agreement do not purport to be complete and are qualified in their entirety by reference to such amendments, copies of which will be filed under LeddarTech’s SEDAR+ and EDGAR profiles at www.sedarplus.ca and www.sec.gov, respectively.

    The term loan by FS Investment Management described above constitutes a “related-party transaction” within the meaning of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61-101”) as FS Investment Management is a related party of the Company under Regulation 61-101. The Company is relying on exemptions from the formal valuation requirements of Regulation 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of Regulation 61-101 pursuant to section 5.7(1)(a) in respect of such related party’s participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company’s market capitalization.

    Return to Work of Certain Employees Following the Previously Announced Furlough

    LeddarTech also announced a return to work, beginning on June 4th, of certain employees that had been affected by the previously announced workforce reduction. The employees that have resumed their functions are supporting various ongoing commercial activities. LeddarTech plans to progressively call back more of its employees that were furloughed in order to support such commercial activities. There can be no assurance as to the timing of such decision nor that such additional employees will be called back in the near term or at all.

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 190 patent applications (112 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements

    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics, its plans to call back employees who have been laid off as well as expectations regarding the anticipated performance, adoption and commercialization of its products. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) our ability to continue to maintain compliance with Nasdaq continued listing standards following our transfer to the Nasdaq Capital Market, (ii) our ability to timely access sufficient capital and financing on favorable terms or at all; (iii) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (iv) discussions regarding potential alternatives relating to refinancing, recapitalization or any commercial or other suitable transaction; (v) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (vi) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (vii) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs and plans; (viii) changes in general economic and/or industry-specific conditions; (ix) our ability to retain, attract and hire key personnel; (x) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (xi) legislative, regulatory and economic developments; (xii) the outcome of any known and unknown litigation and regulatory proceedings; (xiii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xiv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Chris Stewart, Chief Financial Officer, LeddarTech Holdings Inc.
    Tel.: +1-514-427-0858, chris.stewart@leddartech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network

  • Govt’s financial inclusion drive crosses major milestones with over 55 crore Jan Dhan accounts

    Source: Government of India

    Source: Government of India (4)

    Under the leadership of Prime Minister Narendra Modi, now in his 11th year in office, India’s financial inclusion efforts have reached unprecedented heights. The government’s flagship initiative, the Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014 as part of the National Mission for Financial Inclusion (NMFI), has now crossed 55.02 crore account openings as of March 7, 2025. Of these, 36.63 crore accounts have been opened in rural and semi-urban areas, extending formal banking access to vast segments of previously unbanked citizens.

    The PMJDY, based on the pillars of banking the unbanked, securing the unsecured, funding the unfunded, and serving the underserved, has significantly expanded financial access across India, especially in marginalized communities.

    Complementing this mission, several other government schemes have witnessed substantial uptake:

    The Pradhan Mantri Suraksha Bima Yojana (PMSBY), which offers accident insurance at an annual premium of just ₹20, has enrolled 50.30 crore individuals. Beneficiaries receive ₹2 lakh coverage for death or permanent disability, and ₹1 lakh for partial disability.

    The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), providing life insurance coverage of ₹2 lakh for a yearly premium of ₹436, has reached 23.21 crore people.

    The Atal Pension Yojana (APY), designed for workers in the unorganised sector, has garnered 7.49 crore enrolments. The scheme offers fixed pension payouts ranging from ₹1,000 to ₹5,000 per month after the subscriber turns 60, depending on their contribution.

    Meanwhile, the Pradhan Mantri Mudra Yojana (PMMY) has empowered small and micro-entrepreneurs by facilitating 52.07 crore loans amounting to ₹33.19 lakh crore since inception. The scheme provides access to institutional credit of up to ₹20 lakh for non-farm, income-generating activities.

    To further promote entrepreneurship among underrepresented groups, the Stand Up India Scheme has sanctioned 2.67 lakh loans totaling ₹60,504 crore to Scheduled Caste, Scheduled Tribe, and women entrepreneurs for setting up greenfield enterprises.

    The PM Vishwakarma Scheme, introduced in September 2023, is also gaining momentum. It supports traditional artisans and craftspeople involved in 18 specified trades by providing skill development, credit without collateral, modern equipment, and digital incentives. This scheme is jointly administered by the Ministries of MSME, Skill Development, and Financial Services.

    Additionally, urban informal workers continue to benefit from the PM Street Vendor’s Atma Nirbhar Nidhi (PMSVANidhi) scheme. Launched in June 2020 to mitigate the economic impact of the COVID-19 pandemic, it offers working capital loans and holistic support to street vendors.

    To deepen the impact of these schemes, the government has been conducting awareness and enrolment camps at the grassroots level, ensuring wide-scale participation and benefit distribution.

  • MIL-OSI: Subsea7 awarded contract offshore Trinidad and Tobago

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 9 June 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Shell for the Aphrodite gas project offshore Trinidad and Tobago.

    The project involves the transportation and installation of subsea equipment at the Aphrodite development, located within Block 5a, at water depths of up to 290 metres.

    Project management and engineering activities will begin immediately at Subsea7’s office in Houston, Texas, with offshore operations planned for 2027.

    Craig Broussard, Senior Vice President for Subsea7 Gulf of Mexico, said, “Engaging with Shell from the outset has been key to building trust and driving efficiencies. This award in Trinidad and Tobago reflects our growing presence in the region, as well as our ongoing commitment to safe, predictable project delivery while supporting local talent and resources.”

    1. Subsea7 defines a sizeable contract as being between $50 million and $150 million.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

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

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Ashley Shearer
    Communications Manager
    Tel +1 713 300 6792
    ashley.shearer@subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 9 June 2025 at 08:00 CET.

    Attachment

    The MIL Network

  • MIL-OSI: Shell Plc First Quarter 2025 Euro and GBP Equivalent Dividend Payments

    Source: GlobeNewswire (MIL-OSI)

    SHELL PLC FIRST QUARTER 2025 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS

    June 9, 2025

    The Board of Shell plc today announced the pounds sterling and euro equivalent dividend payments in respect of the first quarter 2025 interim dividend, which was announced on May 2, 2025 at US$0.358 per ordinary share.

    Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by June 2, 2025 will be entitled to a dividend of US$0.358, €0.3136 or 26.41p per ordinary share, respectively.

    Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate per ordinary share shown above. Absent any valid election to the contrary, shareholders (both holding in certificated and uncertificated form (CREST members)) and persons holding their shares through the Shell Corporate Nominee will receive their dividends in pounds sterling, at the pound sterling rate per ordinary share shown above.

    Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from June 4 to June 6, 2025. This dividend will be payable on June 23, 2025 to those members whose names were on the Register of Members on May 16, 2025.

    Taxation – cash dividend
    If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.

    Note
    A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.

    Enquiries
    Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

    CAUTIONARY NOTE

    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest. 

    Forward-Looking statements
    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’;  “aspire”; “aspiration”; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader.  Each forward-looking statement speaks only as of the date of this announcement, June 9, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

    Shell’s net carbon intensity
    Also, in this announcement we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

    Shell’s net-zero emissions target
    Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target. 

    Forward Looking non-GAAP measures
    This announcement may contain certain forward-looking non-GAAP measures such as adjusted earnings and divestments. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

    The contents of websites referred to in this announcement do not form part of this announcement.

    We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

    LEI number of Shell plc: 21380068P1DRHMJ8KU70
    Classification: Additional regulated information required to be disclosed under the laws of the United Kingdom

    The MIL Network

  • MIL-OSI Global: Measles cases are surging globally. Should children be vaccinated earlier?

    Source: The Conversation – Global Perspectives – By Meru Sheel, Associate Professor, Infectious Diseases, Immunisation and Emergencies (IDIE) Group, Sydney School of Public Health, University of Sydney

    EyeEm Mobile GmbH/Getty Images

    Measles has been rising globally in recent years. There were an estimated 10.3 million cases worldwide in 2023, a 20% increase from 2022.

    Outbreaks are being reported all over the world including in the United States, Europe and the Western Pacific region (which includes Australia). For example, Vietnam has reportedly seen thousands of cases in 2024 and 2025.

    In Australia, 77 cases of measles have been recorded in the first five months of 2025, compared with 57 cases in all of 2024.

    Measles cases in Australia are almost all related to international travel. They occur in travellers returning from overseas, or are contracted locally after mixing with an infected traveller or their contacts.

    Measles most commonly affects children and is preventable with vaccination, given in Australia in two doses at 12 and 18 months old. But in light of current outbreaks globally, is there a case for reviewing the timing of measles vaccinations?

    Some measles basics

    Measles is caused by a virus belonging to the genus Morbillivirus. Symptoms include a fever, cough, runny nose and a rash. While it presents as a mild illness in most cases, measles can lead to severe disease requiring hospitalisation, and even death. Large outbreaks can overwhelm health systems.

    Measles can have serious health consequences, such as in the brain and the immune system, years after the infection.

    Measles spreads from person to person via small respiratory droplets that can remain suspended in the air for two hours. It’s highly contagious – one person with measles can spread the infection to 12–18 people who aren’t immune.

    Because measles is so infectious, the World Health Organization (WHO) recommends two-dose vaccination coverage above 95% to stop the spread and achieve “herd immunity”.

    Low and declining vaccine coverage, especially since the COVID pandemic, is driving global outbreaks.




    Read more:
    What are the symptoms of measles? How long does the vaccine last? Experts answer 6 key questions


    When are children vaccinated against measles?

    Newborn babies are generally protected against measles thanks to maternal antibodies. Maternal antibodies get passed from the mother to the baby via the placenta and in breast milk, and provide protection against infections including measles.

    The WHO advises everyone should receive two doses of measles vaccination. In places where there’s a lot of measles circulating, children are generally recommended to have the first dose at around nine months old. This is because it’s expected maternal antibodies would have declined significantly in most infants by that age, leaving them vulnerable to infection.

    If maternal measles antibodies are still present, the vaccine is less likely to produce an immune response.

    Research has also shown a measles vaccine given at less than 8.5 months of age can result in an antibody response which declines more quickly. This might be due to interference with maternal antibodies, but researchers are still trying to understand the reasons for this.

    A second dose of the vaccine is usually given 6–9 months later. A second dose is important because about 10–15% of children don’t develop antibodies after the first vaccine.

    In settings where measles transmission is under better control, a first dose is recommended at 12 months of age. Vaccination at 12 months compared with nine months is considered to generate a stronger, longer-lasting immune response.

    In Australia, children are routinely given the measles-mumps- rubella (MMR) vaccine at 12 months and the measles-mumps-rubella-varicella (MMRV, with “varicella” being chickenpox) vaccine at 18 months.

    Babies at higher risk of catching the disease can also be given an additional early dose. In Australia, this is recommended for infants as young as six months when there’s an outbreak or if they’re travelling overseas to a high-risk setting.

    A new study looking at measles antibodies in babies

    A recent review looked at measles antibody data from babies under nine months old living in low- and middle-income countries. The review combined the results from 20 studies, including more than 8,000 babies. The researchers found that while 81% of newborns had maternal antibodies to measles, only 30% of babies aged four months had maternal antibodies.

    This study suggests maternal antibodies to measles decline much earlier than previously thought. It raises the question of whether the first dose of measles vaccine is given too late to maximise infants’ protection, especially when there’s a lot of measles around.

    Should we bring the measles vaccine forward in Australia?

    All of the data in this study comes from low- and middle-income countries, and might not reflect the situation in Australia where we have much higher vaccine coverage for measles, and very few cases.

    Australia’s coverage for two doses of the MMR vaccine at age two is above 92%.

    Although this is lower than the optimal 95%, the overall risk of measles surging in Australia is relatively low.

    Nonetheless, there may be a case for broadening the age at which an early extra dose of the measles vaccine can be given to children at higher risk. In New Zealand, infants as young as four months can receive a measles vaccine before travelling to an endemic country.

    But the current routine immunisation schedule in Australia is unlikely to change.

    Adding an extra dose to the schedule would be costly and logistically difficult. Lowering the age for the first dose may have some advantages in certain settings, and doesn’t pose any safety concerns, but further evidence would be required to support this change. In particular, research is needed to ensure it wouldn’t negatively affect the longer-term protection that vaccination offers from measles.

    Making sure you’re protected

    In the meantime, ensuring high levels of measles vaccine coverage with two doses is a global priority.

    People born after 1966 are recommended to have two doses of measles vaccine. This is because those born before the mid-1960s likely caught measles as children (when the vaccine was not yet available) and would therefore have natural immunity.

    If you’re unsure about your vaccination status, you can check this through the Australian Immunisation Register. If you don’t have a documented record, ask your doctor for advice.

    Catch-up vaccination is available under the National Immunisation Program.

    Meru Sheel receives funding from the National Health and Medical Research Council and the Department of Foreign Affairs and Trade.

    Anita Heywood 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. Measles cases are surging globally. Should children be vaccinated earlier? – https://theconversation.com/measles-cases-are-surging-globally-should-children-be-vaccinated-earlier-257942

    MIL OSI – Global Reports

  • China’s May exports slow, deflation deepens as tariffs bite

    Source: Government of India

    Source: Government of India (4)

    China’s May export growth slowed to a three-month low as U.S. tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world’s second-largest economy on both the domestic and external fronts.

    The global trade war and the swings in China-U.S. trade ties have in the past two months sent Chinese exporters, along with their business partners across the Pacific, on a roller coaster ride and hobbled world growth.

    Exports expanded 4.8% year-on-year in value terms in May, slowing from the 8.1% jump in April and missing the 5.0% growth expected in a Reuters poll, customs data showed on Monday, despite a lowering of U.S. tariffs on Chinese goods which had taken effect in early April.

    Imports dropped 3.4% year-on-year, deepening sharply from the 0.2% decline in April and worse than the 0.9% downturn expected in the Reuters poll.

    Exports had surged 12.4% year-on-year and 8.1% in March and April, respectively, as factories rushed shipments to the U.S. and other overseas manufacturers to avoid U.S. President Trump’s hefty levies on China and the rest of the world.

    While exporters in China found some respite in May as Beijing and Washington agreed to suspend most of their levies for 90 days, tensions between the world’s two largest economies remain high and negotiations are underway over issues ranging from China’s rare earths controls to Taiwan.

    Trade representatives from China and the U.S. are meeting in London on Monday to resume talks after a phone call between their top leaders on Thursday.

    “Export growth was likely stalled by heavy customs inspections in May due to tightened export control efforts,” said Xu Tianchen, senior economist at the Economist Intelligence Unit, noting that rare earth exports nearly halved last month, while electric machinery exports also slowed significantly.

    Underscoring the U.S. tariff impact on shipments, customs data showed that China’s exports to the U.S. slumped 34.5% year-on-year in May in value terms, widening from a 21% drop the previous month. Imports to the U.S. also lost further ground, dropping 18.1% from a 13.8% slide in April.

    China’s May trade surplus came in at $103.22 billion, up from the $96.18 billion the previous month.

    Other data, also released on Monday, showed China’s import of crude oil, coal, and iron ore dropped last month, underlining the fragility of domestic demand at a time of rising external headwinds.

    Beijing in May rolled out a series of monetary stimulus measures, including cuts to benchmark lending rates and a 500 billion yuan low-cost loan program for supporting elderly care and services consumption.

    The measures are aimed at cushioning the trade war’s blow to an economy that relied on exports in its recovery from the pandemic shocks and a protracted property market slump.

    China’s markets showed muted reaction to the data. The blue-chip CSI300 Index CSI300 and the benchmark Shanghai Composite Index SSEC were up around 0.2%.

    DEFLATIONARY PRESSURES

    Producer and consumer price data, released by the National Bureau of Statistics on the same day, showed that deflationary pressures worsened last month.

    The producer price index fell 3.3% in May from a year earlier, after a 2.7% decline in April and marked the deepest contraction in 22 months, while consumer prices extended declines, having dipped 0.1% last month from a year earlier.

    Cooling factory activity also highlights the impact of U.S. tariffs on the world’s largest manufacturing hub, dampening faster services growth as suspense lingers over the outcome of U.S.-China trade talks.

    Sluggish domestic demand and weak prices have weighed on China’s economy, which has struggled to mount a robust post-pandemic recovery and has relied on exports to underpin growth.

    Retail sales growth slowed last month as spending continued to lag amid job insecurity and stagnant new home prices.

    U.S. coffee chain Starbucks said on Monday it would lower prices of some iced drinks by an average of 5 yuan in China.

    The core inflation measure, excluding volatile food and fuel prices, registered a 0.6% year-on-year rise, slightly faster than a 0.5% increase in April.

    However, Zichun Huang, China economist at Capital Economics, said the improvement in core prices looks “fragile”, adding “we still think persistent overcapacity will keep China in deflation both this year and next.”

    (Reuters)

  • India’s inclusive development journey: 11 years of transformative social welfare under ‘Sabka Saath, Sabka Vikas’

    Source: Government of India

    Source: Government of India (4)

    Marking eleven years of transformative governance under the banner of “Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas,” the Government of India has unveiled an extensive account of its welfare-driven initiatives that have reshaped the socio-economic landscape of the nation. Prime Minister Narendra Modi, in a statement released by the Press Information Bureau (PIB), said, “Bharat is changing, and it is changing rapidly. People’s self-confidence, their trust in the government, and the commitment to build a new Bharat is visible everywhere.”

    Over the past decade, the government has focused on complete saturation of welfare schemes, ensuring no eligible citizen is left behind. This approach has led to the expansion of access to essential services such as clean water, housing, electricity, sanitation, healthcare, and social security, significantly improving the lives of millions across the country.

    The Jal Jeevan Mission has brought tap water to over 15.59 crore rural households, achieving full coverage in eight states and three union territories. In the housing sector, nearly 4 crore homes have been completed under the Pradhan Mantri Awas Yojana (PMAY), with over 90 lakh homes under the urban component now owned by women. Rural electrification has also seen remarkable progress, with 2.86 crore homes electrified under the SAUBHAGYA scheme. As a result, the average daily electricity supply in rural areas has risen from 12.5 hours in 2014 to 22.6 hours in 2025.

    The Swachh Bharat Mission has transformed sanitation across India, resulting in the construction of 12 crore household toilets and the declaration of over 5.64 lakh villages as Open Defecation Free (ODF) Plus. In the realm of healthcare, the Ayushman Bharat scheme now covers 55 crore individuals, while the Ayushman Vay Vandana scheme provides additional support for all citizens aged 70 and above. Free ration distribution through the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) has benefited 81 crore citizens since its launch during the COVID-19 pandemic, with a financial commitment of ₹11.80 lakh crore until 2028.

    Efforts to ensure clean cooking fuel have reached a milestone with 10.33 crore LPG connections distributed under the Pradhan Mantri Ujjwala Yojana. Additionally, the PM SVANidhi scheme has extended loans to 68 lakh street vendors, helping formalize 76.28 lakh vendors into the economic mainstream. In the field of entrepreneurship, India now boasts 1.57 lakh recognized startups and 118 unicorns, reflecting the vibrancy of its innovation ecosystem. Worker welfare has also been strengthened, with more than 30.86 crore unorganised workers registered on the eShram portal, of whom over half are women.

    India’s anti-poverty efforts have been globally recognized. The World Bank’s Spring 2025 Poverty and Equity Brief reports that 171 million people have been lifted out of extreme poverty, with the rate falling from 16.2 percent in 2011–12 to just 2.3 percent in 2022–23. The UNDP’s Multidimensional Poverty Index also shows a dramatic decline from 53.8 percent in 2005–06 to 16.4 percent in 2019–21, underscoring gains in health, education, and living standards.

    Rural consumption indicators further reflect these improvements. The average monthly per capita expenditure in rural areas has nearly tripled, increasing from ₹1,430 in 2011–12 to ₹4,122 in 2023–24. Urban spending has shown similar growth, rising from ₹2,630 to ₹6,996 in the same period.

    The government’s empowerment initiatives have particularly benefitted women, artisans, and marginalized communities. The Pradhan Mantri Mudra Yojana has disbursed ₹33.33 lakh crore in loans to over 52 crore accounts, with 68 percent allocated to women. The Stand-Up India scheme continues to support SC/ST and women entrepreneurs through substantial bank financing. The PM Vishwakarma Yojana has provided toolkits, collateral-free loans, and training support to 2.37 million artisans. Meanwhile, the Lakhpati Didi initiative, aiming to make three crore rural women economically self-reliant, builds on the success of over 10 crore women joining self-help groups nationwide.

    Social security has expanded through schemes like the Pradhan Mantri Shram Yogi Maandhan (PM-SYM), which now offers assured monthly pensions to 51.35 lakh unorganised workers. Insurance schemes PMJJBY and PMSBY cover over 75 crore citizens, offering low-cost life and accident insurance.

    Inclusivity remains a central pillar of the government’s approach. Sixty percent of current Union Ministers hail from minority communities. Nearly 44 percent of rural homes built under PMAY-G have been allotted to SC/ST households. More than half of all scholarship recipients come from SC/ST/OBC backgrounds. In education, the number of Eklavya Model Residential Schools sanctioned for tribal students has grown fourfold since 2014, now totaling 477. Eleven Tribal Freedom Fighter Museums are being developed to honor the contributions of tribal leaders, while Janjatiya Gaurav Diwas is celebrated annually to commemorate the legacy of Bhagwan Birsa Munda.

    To improve last-mile delivery, the Viksit Bharat Sankalp Yatra has reached 2.6 lakh gram panchayats and over 4,000 urban bodies across the country, promoting the saturation of welfare schemes. The Aspirational Districts Programme (ADP), focused on 112 of India’s most backward districts, has already shown measurable improvements in key sectors like health, education, and basic infrastructure.

    As Bharat approaches its centenary of independence, the government reiterates its commitment to building a developed, inclusive, and self-reliant nation. The results of the past eleven years, driven by policy innovation, data-driven governance, and community participation, represent not only progress but a vision of Viksit Bharat that is within reach.

  • MIL-OSI Australia: Legacy of dedication and innovation

    Source:

    Peter Langridge’s legacy is one of dedication, innovation and an unwavering commitment to protecting those who serve on the frontline.

    His leadership and commitment to research have transformed CFA’s approach to firefighter health, safety and rehabilitation, and has earned him an Australian Fire Services Medal in today’s King’s Birthday Honours. 

    “When I found out I was receiving an AFSM I was surprised at first and then when it sunk in, I felt honoured to have been nominated and to be receiving this award,” Peter said.  

    The strong safety culture enshrined in CFA is a reflection of the important contribution volunteer and staff member Peter Langridge AFSM has made over his long and distinguished career at CFA as both a volunteer and staff member.

    Peter has dedicated more than 40 years to CFA and the emergency services sector, demonstrating exceptional leadership and innovation in firefighter health, safety and wellbeing during that time.

    A CFA volunteer for more than 20 years, Peter has been a member at Lilydale (1982-1985) and Mooroolbark brigades (2003-2006), and is a current member at Yellingbo. He was also a founding member of the District 13 Headquarters Brigade and its captain for seven years. The first registered headquarters brigade in CFA, its members continue to offer essential incident management and welfare support during major emergency operations. 

    “I joined as a volunteer after moving to a CFA area in 1982. One of my neighbours was a CFA member and he told me about the brigade at Lilydale, so I went along to have a chat with the captain and decided to join,” Peter said.

    “In hindsight, it was probably not the best year to join as I went straight into a very bad fire season being the year of the Ash Wednesday fires. But being thrown into the deep end, I learned a lot very quickly – and I did stay on as a volunteer.”

    With 11 years as an Ambulance Victoria paramedic and highly regarded as an experienced health researcher and practitioner, Peter’s genuine interest in CFA volunteers and their health and safety has led to many significant changes at CFA and in the fire and emergency management space.

    As CFA’s Manager, Health Monitoring and Rehabilitation, Peter has been instrumental in improving firefighter health practices, establishing health programs, leading innovative research initiatives and advocating for firefighter safety. He has also transformed CFA’s approach to health monitoring and firefighter rehabilitation through the implementation of a health monitoring program for firefighters.

    In 2015 he established a network of Firefighter Rehabilitation Units across the state, setting a national standard for real-time health checks in fire and hazardous material incidents. There are now 22 CFA volunteer-led Rehab Units available for dispatch to incidents. They are making a real and tangible difference to members, with a reduction in the number of heat-related incidents. In addition to supporting CFA firefighters, the units provide health monitoring and support to our partner agencies including DEECA, FRV and Victoria Police.

    Peter has led large-scale health monitoring operations during significant fires including the 2009 fires, the 2019-20 fires, Kaladbro peat fire, Somerton tip fire, Portland ship fire and Coolaroo Recycling Plant fire. He spent 45 days at the site of the Hazelwood coal mine fire (2014) to ensure the safety of members and fellow emergency services workers. More than 62,000 health tests and carbon monoxide tests were conducted on more than 7,000 firefighters and 1,600 mine staff for the duration of the firefight to ensure their levels were within safety standards.

    “The Hazelwood mine fire in 2014 stands out as a key moment of my time at CFA,” Peter said.

    “We learned many lessons during the 2004 and 2008 Hazelwood mine fires and each time had to modify how we managed these incidents.

    “After 2008 we developed a plan for any future fires of this kind, and this helped immensely in our management of the 2014 fire. This plan is now part of EMV’s State Smoke Framework.”

    In addition to managing large-scale health monitoring operations, Peter’s research into firefighter health has seen the implementation and development of new programs, equipment and training: 

    • Health Program innovations: Led the development of HealthWatchCardiovascular Risk Reduction Program and Medical Review Program, shaping CFA’s approach to firefighter health.
    • Health research leadership: Conducted pivotal studies on firefighter physiology, leading to advancements in breathing techniques, heat stress management and cardiovascular risk reduction safety guidelines and training both in Australian and international fire agencies. 
    • Health innovation: Assisted volunteer firefighter Peter Schaede to design and develop Arm Core Coolers in 2016 together to reduce firefighter core body temperature both relieving heat stress and speeding up recovery during fire-related incidents. These are often used by members prior to Rehab Units arriving on the fireground. 

    Peter’s expertise, commitment and forward-thinking approach were also pivotal to CFA’s successful pandemic response, reinforcing his reputation as a leader in firefighter health and safety. Central to this was the training he developed and delivered across the sector to ensure members were kept safe whilst on the fireground. He also facilitated cross-agency training for CFA, VICSES and EMV on key COVID-19 roles to ensure firefighters and emergency responders could continue operations safely.

    His work continues to shape best practice at CFA to safeguard the lives of those who protect our communities.

    Submitted by CFA media

    MIL OSI News

  • MIL-Evening Report: Measles cases are surging globally. Should children be vaccinated earlier?

    Source: The Conversation (Au and NZ) – By Meru Sheel, Associate Professor, Infectious Diseases, Immunisation and Emergencies (IDIE) Group, Sydney School of Public Health, University of Sydney

    EyeEm Mobile GmbH/Getty Images

    Measles has been rising globally in recent years. There were an estimated 10.3 million cases worldwide in 2023, a 20% increase from 2022.

    Outbreaks are being reported all over the world including in the United States, Europe and the Western Pacific region (which includes Australia). For example, Vietnam has reportedly seen thousands of cases in 2024 and 2025.

    In Australia, 77 cases of measles have been recorded in the first five months of 2025, compared with 57 cases in all of 2024.

    Measles cases in Australia are almost all related to international travel. They occur in travellers returning from overseas, or are contracted locally after mixing with an infected traveller or their contacts.

    Measles most commonly affects children and is preventable with vaccination, given in Australia in two doses at 12 and 18 months old. But in light of current outbreaks globally, is there a case for reviewing the timing of measles vaccinations?

    Some measles basics

    Measles is caused by a virus belonging to the genus Morbillivirus. Symptoms include a fever, cough, runny nose and a rash. While it presents as a mild illness in most cases, measles can lead to severe disease requiring hospitalisation, and even death. Large outbreaks can overwhelm health systems.

    Measles can have serious health consequences, such as in the brain and the immune system, years after the infection.

    Measles spreads from person to person via small respiratory droplets that can remain suspended in the air for two hours. It’s highly contagious – one person with measles can spread the infection to 12–18 people who aren’t immune.

    Because measles is so infectious, the World Health Organization (WHO) recommends two-dose vaccination coverage above 95% to stop the spread and achieve “herd immunity”.

    Low and declining vaccine coverage, especially since the COVID pandemic, is driving global outbreaks.




    Read more:
    What are the symptoms of measles? How long does the vaccine last? Experts answer 6 key questions


    When are children vaccinated against measles?

    Newborn babies are generally protected against measles thanks to maternal antibodies. Maternal antibodies get passed from the mother to the baby via the placenta and in breast milk, and provide protection against infections including measles.

    The WHO advises everyone should receive two doses of measles vaccination. In places where there’s a lot of measles circulating, children are generally recommended to have the first dose at around nine months old. This is because it’s expected maternal antibodies would have declined significantly in most infants by that age, leaving them vulnerable to infection.

    If maternal measles antibodies are still present, the vaccine is less likely to produce an immune response.

    Research has also shown a measles vaccine given at less than 8.5 months of age can result in an antibody response which declines more quickly. This might be due to interference with maternal antibodies, but researchers are still trying to understand the reasons for this.

    A second dose of the vaccine is usually given 6–9 months later. A second dose is important because about 10–15% of children don’t develop antibodies after the first vaccine.

    In settings where measles transmission is under better control, a first dose is recommended at 12 months of age. Vaccination at 12 months compared with nine months is considered to generate a stronger, longer-lasting immune response.

    In Australia, children are routinely given the measles-mumps- rubella (MMR) vaccine at 12 months and the measles-mumps-rubella-varicella (MMRV, with “varicella” being chickenpox) vaccine at 18 months.

    Babies at higher risk of catching the disease can also be given an additional early dose. In Australia, this is recommended for infants as young as six months when there’s an outbreak or if they’re travelling overseas to a high-risk setting.

    A new study looking at measles antibodies in babies

    A recent review looked at measles antibody data from babies under nine months old living in low- and middle-income countries. The review combined the results from 20 studies, including more than 8,000 babies. The researchers found that while 81% of newborns had maternal antibodies to measles, only 30% of babies aged four months had maternal antibodies.

    This study suggests maternal antibodies to measles decline much earlier than previously thought. It raises the question of whether the first dose of measles vaccine is given too late to maximise infants’ protection, especially when there’s a lot of measles around.

    Should we bring the measles vaccine forward in Australia?

    All of the data in this study comes from low- and middle-income countries, and might not reflect the situation in Australia where we have much higher vaccine coverage for measles, and very few cases.

    Australia’s coverage for two doses of the MMR vaccine at age two is above 92%.

    Although this is lower than the optimal 95%, the overall risk of measles surging in Australia is relatively low.

    Nonetheless, there may be a case for broadening the age at which an early extra dose of the measles vaccine can be given to children at higher risk. In New Zealand, infants as young as four months can receive a measles vaccine before travelling to an endemic country.

    But the current routine immunisation schedule in Australia is unlikely to change.

    Adding an extra dose to the schedule would be costly and logistically difficult. Lowering the age for the first dose may have some advantages in certain settings, and doesn’t pose any safety concerns, but further evidence would be required to support this change. In particular, research is needed to ensure it wouldn’t negatively affect the longer-term protection that vaccination offers from measles.

    Making sure you’re protected

    In the meantime, ensuring high levels of measles vaccine coverage with two doses is a global priority.

    People born after 1966 are recommended to have two doses of measles vaccine. This is because those born before the mid-1960s likely caught measles as children (when the vaccine was not yet available) and would therefore have natural immunity.

    If you’re unsure about your vaccination status, you can check this through the Australian Immunisation Register. If you don’t have a documented record, ask your doctor for advice.

    Catch-up vaccination is available under the National Immunisation Program.

    Meru Sheel receives funding from the National Health and Medical Research Council and the Department of Foreign Affairs and Trade.

    Anita Heywood 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. Measles cases are surging globally. Should children be vaccinated earlier? – https://theconversation.com/measles-cases-are-surging-globally-should-children-be-vaccinated-earlier-257942

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: Tracking apps monitor remote employees’ performance — and invade their privacy

    Source: The Conversation – Canada – By Danielle E. Thompson, PhD Candidate, Sociology and Legal Studies, University of Waterloo

    Business owners and managers claim that monitoring apps improve worker productivity. (Shutterstock)

    Digital monitoring is now a regular part of our working reality. From CCTV cameras to call recording, surveillance in the workplace is not new.

    But workers now face a more detailed and intrusive type of monitoring that is less understood, and at times even entirely unknown, by employees: employee monitoring applications (EMAs).

    It’s no longer just about being captured in the frame of a CCTV camera or having phone calls recorded. Workers now must be concerned about the collection of any and all activities that occur on their devices, and the use of this information to make decisions about their productivity, performance and risk to company security.

    Behaviour-monitoring software

    EMAs are a type of monitoring software that can be installed on worker devices to monitor their behaviours and activities. Common features include tracking time, keyboard strokes, email communications, websites visited, applications used and webcam video footage. Many of these apps also operate in an “invisible mode” that runs in the background, unknown to the employee.

    Amid the move to remote work during the COVID-19 pandemic in Canada, employers faced the challenge of managing their employees while they worked from home. EMAs provided employers with a quick and easy solution.




    Read more:
    Remote work requires us to reconsider how to evaluate and pay employees


    My research focuses on surveillance and privacy. Working alongside surveillance scholar Adam Molnar of the University of Waterloo, we conducted a survey between January and February 2022 of 402 managers, supervisors and employers working in companies in Ontario (60 per cent), British Columbia (30 per cent) and Québec (10 per cent) to better understand the use of these apps during the pandemic.

    Both remote working and EMA use were found to have increased after the start of the pandemic. Many, but not all, companies turned to EMAs to monitor their remote workers.

    A comparison of remote work and use of EMA rates before and during the COVID-19 pandemic.
    (D.E. Thompson), CC BY

    Privacy concerns

    We asked participants about the specific EMA software their company uses. A variety of EMAs exist on the market and are advertised for uses from security to workforce analytics. The most frequently used apps in our sample were Kickidler (49.8 per cent), Spyera (49.5 per cent), Flexispy (49.3 per cent), and Teramind (48.4 per cent).

    We then took a deeper dive into their advertised features and found that all four apps collected data using at least two highly invasive features, such as video surveillance or keystroke logging.

    Table comparing features and uses for the top four employee monitoring applications.
    (D.E. Thompson), CC BY

    Collecting data in these ways can raise serious concerns for employee privacy, especially when they work at home — a space that is typically viewed as private and often contains personal information that employers should not be privy to.

    If we’re concerned about employee privacy, then we need to understand exactly what companies are using the data for.

    We know that employee monitoring apps were adopted by many Canadian companies to manage remote workers, but what does that mean exactly? What is the data actually telling employers and how are they using it?

    We asked employers, managers and supervisors how their company currently uses EMAs, and found the most common uses to be productivity (28.9 per cent), efficiency (20.1 per cent), remote workforce management (19.9 per cent) and company analytics (18.2 per cent).

    Privacy versus productivity

    Owners and managers appear to be aware of the harmful consequences of these applications: 87.1 per cent were at least somewhat concerned about the negative impacts of these apps on employee trust. More than two-thirds — 70.7 per cent — also reported that they would be more likely adopt an app if it did not use invasive features like keystroke logging and video surveillance.

    Are the gains in productivity and efficiency worth the losses to employee privacy and trust? For some companies, the answer appears to be yes. While most owners and managers reported concerns about the invasiveness of EMAs, 51.7 per cent were still using the applications.

    For other companies, the gains in productivity are not worth the risks to employee privacy. For example, 29.3 per cent of owners and managers stated that significant changes to app features would be necessary before they would consider using it in their company.

    Protecting employees

    As hybrid working arrangements remain a normal part of our working lives, employee monitoring apps appear to be here to stay.

    A public opinion poll by the Center for Democracy and Technology in the United States found that American workers wanted to know why and how they were being monitored by their employers.

    Workers also felt they should be able to review any and all data collected about them, and that employers should be prohibited from sharing worker data without their permission, monitoring workers while off the clock, tracking their locations and monitoring productivity in ways that are harmful to the mental or physical health of workers.

    In Canada, the protection of employee privacy falls under a patchwork of federal and provincial laws that is insufficient for the management of EMAs.

    Worker protections vary by province and territory. Ontario’s Bill 88, passed in April 2022, established the first notification law for electronic monitoring in Canada. While a step in the right direction, notification alone is insufficient for the protection of worker privacy and well-being.

    Restrictions must be placed on the types of data collected, how it is collected and what it can be used for.

    Companies that continue to use EMAs must respect the privacy of workers by limiting the use of invasive features and providing workers with transparency and agency in their monitoring.

    Business owners considering the use of EMAs should ask themselves if the software is necessary to reach their goals. Do they need to track the location and activity of workers or access their webcams to determine productivity? Or are there other less harmful ways to measure performance, such as the quality of outputs and whether tasks are completed on time?

    Danielle E. Thompson 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. Tracking apps monitor remote employees’ performance — and invade their privacy – https://theconversation.com/tracking-apps-monitor-remote-employees-performance-and-invade-their-privacy-256261

    MIL OSI – Global Reports

  • MIL-OSI Africa: Eating wild meat carries serious health risks – why it still happens along the Kenya-Tanzania border

    Source: The Conversation – Africa – By Ekta Patel, Scientist, International Livestock Research Institute

    Pastoralist communities, their livestock and diverse wildlife species coexist within a biodiversity-rich landscape stretching along the Kenya–Tanzania border.

    However, at this wildlife-livestock interface, local communities face mounting challenges. Shifts in land use, prolonged droughts, erratic rainfall patterns and increasing land degradation are placing growing pressure on the landscape. In addition, conflict between people and wildlife is on the rise, and many households rely on wild animals for food.

    Communities in the region eat a wide range of wild animals, from rodents, elephant shrews and birds to small antelopes and larger ungulates like bushbuck. This meat (“bush meat” as it is also popularly known in Africa) provides a valuable source of animal protein and minerals, especially where alternative domestic protein sources are scarce.

    Although hunting and consuming wild animals is illegal in Kenya, this is not the case in Tanzania, where certain forms of hunting for wild animals are permitted. Yet in both countries, many people eat wild meat regularly, often without awareness of the risks. These risks include zoonotic disease transmission and potential impacts on wildlife populations.

    Wild meat is a known source of zoonotic infections and disease spillover to humans. In fact, as many as three-quarters of emerging infectious diseases originate from wildlife. Illnesses such as anthrax, mpox, Ebola, and HIV have all been linked to close interactions between humans and wild animals.

    Despite these risks, wild meat consumption remains widespread, with some households eating it daily or weekly. Preventing future disease outbreaks requires a clear understanding of these health risks, as well as the underlying social, cultural and economic reasons that drive people to rely on wild meat.

    We set out to understand why people were eating wild meat along the Kenya-Tanzania border and whether they understood the risks of zoonotic diseases. Cases of anthrax have already been reported in this area.

    Our study involved interviews in border communities during the COVID pandemic – the most famous case of zoonotic disease transmission in recent times. We wanted to know whether communities understood the pandemic’s link to wild meat and if this affected their consumption of it.

    What stood out was that people at the border settlements kept eating wild meat or even ate more of it. This shows that economic necessity, cultural preferences and limited alternatives remain key drivers even when the world is in crisis.

    Though this research was done during COVID-19, it gives us insights into how people react when things get tough, especially when it comes to food and health.

    What’s driving wild meat consumption

    We found that several factors drove wild meat consumption, despite growing awareness of the health risks.

    Poverty

    Economic factors, particularly household income and limited financial means, strongly influenced wild meat consumption, particularly in communities with limited alternative protein sources. For instance, the COVID-19 pandemic had a severe impact on local economies. Tourism, a key source of income for border communities, experienced sharp declines. As household revenues fell, reliance on wild meat as an affordable protein source increased.

    Economic stability plays a crucial role in shaping consumption behaviours: 81% of those surveyed at the border settlements indicated they would stop eating wild meat if cheaper alternatives were available.

    The type of animal

    Perceptions of disease risks varied depending on the species consumed.

    Approximately 79% of respondents believed that certain animals posed a higher risks of zoonotic disease transmission. Hyenas were perceived as the most dangerous, followed by primates and snakes. These findings suggest that while economic necessity influences wild meat consumption, risk perception also shapes dietary choices.

    Gender plays a role

    Men expressed more concern over conservation and health risks than women. Men were also more likely to advocate against selling wild meat. Women exhibited lower concern regarding zoonotic disease risks, including COVID-19. These insights highlight the need for gender-sensitive interventions to address wild meat consumption.

    Education levels

    Education levels also influenced risk perception. Respondents with formal education displayed a stronger awareness of zoonotic transmission pathways. They were also more receptive to conservation and public health messaging. This highlights the importance of education in promoting safer and more sustainable practices within communities.

    National policies

    Despite sharing ecosystems and wildlife populations, Kenya and Tanzania have adopted fundamentally different governance approaches to wild meat. This in turn shapes outcomes for conservation, biodiversity and public health.

    Kenya follows a centralised and protectionist model. Hunting and consumption of wild animals are prohibited under the Wildlife Conservation and Management Act. This zero-tolerance policy is rooted in strong conservation principles aimed at protecting biodiversity.

    However, in practice, it has driven the activity underground, creating a thriving black market. This undermines conservation and enforcement efforts. It also increases the risk of zoonotic disease transmission due to unregulated handling and consumption of wild animals.

    Tanzania, by contrast, uses a decentralised, regulated slaughterhouse model. Licensed wild meat hunting and consumption is legal under regulation, particularly through game-controlled areas and permits introduced in 2020. This approach is meant to enable communities to benefit economically from wildlife and reduce incentives for illegal hunting.

    The existence of two divergent systems across a porous border creates challenges. These include illegal cross-border trade, conflicting conservation objectives, and uneven protection of biodiversity. There are also difficulties in implementing coordinated surveillance or public health interventions.

    The contrasting regulations in Kenya and Tanzania significantly influence wild meat consumption choices.

    In Kenya, where wild meat is strictly prohibited, consumption appears to be through informal and unregulated channels. This increases health risks and limits consumer awareness. In contrast, Tanzania’s regulated licensing system provides a legal pathway for access. This makes wild meat consumption more visible and, in some cases, perceived as safer. These differing policies shape how communities access, justify and engage with wild meat, often driving cross-border trade and complicating enforcement and risk communication efforts.

    What’s next?

    Addressing the risks associated with wild meat trade requires a multifaceted strategy that balances health, equity and sustainability.

    We suggest an intervention that prioritises economic stability and ensuring affordable alternative protein sources are accessible, especially in food-insecure settings.

    Public health education is also essential. An increasing awareness of zoonotic disease risks can help shift consumption behaviour.

    Because men and women perceived the dangers of wild meat consumption differently, gender-sensitive approaches should be integrated. It should also be noted that, although women are rarely the primary hunters, they are often prosecuted for possession or sale of wild meat. Gender disparities on how laws are applied must be addressed.

    Legal frameworks and enforcement mechanisms must be strengthened to address cross-border wildlife trade, particularly in regions with differing policies like Kenya and Tanzania. They should also reduce the risks faced by individuals who may unknowingly engage in illegal practices due to a lack of clarity.

    We continue to work with national and regional stakeholders. This includes government bodies and technical partners who are actively engaging with us to co-develop One Health solutions. These solutions integrate public health, environmental sustainability and community well-being.

    Finally, community engagement and participation should be at the core of any intervention. This will ensure that policies are locally relevant, culturally sensitive and supported by those directly affected to reduce the risks of zoonotic disease spillover.

    – Eating wild meat carries serious health risks – why it still happens along the Kenya-Tanzania border
    – https://theconversation.com/eating-wild-meat-carries-serious-health-risks-why-it-still-happens-along-the-kenya-tanzania-border-252947

    MIL OSI Africa

  • MIL-OSI Global: Eating wild meat carries serious health risks – why it still happens along the Kenya-Tanzania border

    Source: The Conversation – Africa – By Ekta Patel, Scientist, International Livestock Research Institute

    Pastoralist communities, their livestock and diverse wildlife species coexist within a biodiversity-rich landscape stretching along the Kenya–Tanzania border.

    However, at this wildlife-livestock interface, local communities face mounting challenges. Shifts in land use, prolonged droughts, erratic rainfall patterns and increasing land degradation are placing growing pressure on the landscape. In addition, conflict between people and wildlife is on the rise, and many households rely on wild animals for food.

    Communities in the region eat a wide range of wild animals, from rodents, elephant shrews and birds to small antelopes and larger ungulates like bushbuck. This meat (“bush meat” as it is also popularly known in Africa) provides a valuable source of animal protein and minerals, especially where alternative domestic protein sources are scarce.

    Although hunting and consuming wild animals is illegal in Kenya, this is not the case in Tanzania, where certain forms of hunting for wild animals are permitted. Yet in both countries, many people eat wild meat regularly, often without awareness of the risks. These risks include zoonotic disease transmission and potential impacts on wildlife populations.

    Wild meat is a known source of zoonotic infections and disease spillover to humans. In fact, as many as three-quarters of emerging infectious diseases originate from wildlife. Illnesses such as anthrax, mpox, Ebola, and HIV have all been linked to close interactions between humans and wild animals.

    Despite these risks, wild meat consumption remains widespread, with some households eating it daily or weekly. Preventing future disease outbreaks requires a clear understanding of these health risks, as well as the underlying social, cultural and economic reasons that drive people to rely on wild meat.

    We set out to understand why people were eating wild meat along the Kenya-Tanzania border and whether they understood the risks of zoonotic diseases. Cases of anthrax have already been reported in this area.

    Our study involved interviews in border communities during the COVID pandemic – the most famous case of zoonotic disease transmission in recent times. We wanted to know whether communities understood the pandemic’s link to wild meat and if this affected their consumption of it.

    What stood out was that people at the border settlements kept eating wild meat or even ate more of it. This shows that economic necessity, cultural preferences and limited alternatives remain key drivers even when the world is in crisis.

    Though this research was done during COVID-19, it gives us insights into how people react when things get tough, especially when it comes to food and health.

    What’s driving wild meat consumption

    We found that several factors drove wild meat consumption, despite growing awareness of the health risks.

    Poverty

    Economic factors, particularly household income and limited financial means, strongly influenced wild meat consumption, particularly in communities with limited alternative protein sources. For instance, the COVID-19 pandemic had a severe impact on local economies. Tourism, a key source of income for border communities, experienced sharp declines. As household revenues fell, reliance on wild meat as an affordable protein source increased.

    Economic stability plays a crucial role in shaping consumption behaviours: 81% of those surveyed at the border settlements indicated they would stop eating wild meat if cheaper alternatives were available.

    The type of animal

    Perceptions of disease risks varied depending on the species consumed.

    Approximately 79% of respondents believed that certain animals posed a higher risks of zoonotic disease transmission. Hyenas were perceived as the most dangerous, followed by primates and snakes. These findings suggest that while economic necessity influences wild meat consumption, risk perception also shapes dietary choices.

    Gender plays a role

    Men expressed more concern over conservation and health risks than women. Men were also more likely to advocate against selling wild meat. Women exhibited lower concern regarding zoonotic disease risks, including COVID-19. These insights highlight the need for gender-sensitive interventions to address wild meat consumption.

    Education levels

    Education levels also influenced risk perception. Respondents with formal education displayed a stronger awareness of zoonotic transmission pathways. They were also more receptive to conservation and public health messaging. This highlights the importance of education in promoting safer and more sustainable practices within communities.

    National policies

    Despite sharing ecosystems and wildlife populations, Kenya and Tanzania have adopted fundamentally different governance approaches to wild meat. This in turn shapes outcomes for conservation, biodiversity and public health.

    Kenya follows a centralised and protectionist model. Hunting and consumption of wild animals are prohibited under the Wildlife Conservation and Management Act. This zero-tolerance policy is rooted in strong conservation principles aimed at protecting biodiversity.

    However, in practice, it has driven the activity underground, creating a thriving black market. This undermines conservation and enforcement efforts. It also increases the risk of zoonotic disease transmission due to unregulated handling and consumption of wild animals.

    Tanzania, by contrast, uses a decentralised, regulated slaughterhouse model. Licensed wild meat hunting and consumption is legal under regulation, particularly through game-controlled areas and permits introduced in 2020. This approach is meant to enable communities to benefit economically from wildlife and reduce incentives for illegal hunting.

    The existence of two divergent systems across a porous border creates challenges. These include illegal cross-border trade, conflicting conservation objectives, and uneven protection of biodiversity. There are also difficulties in implementing coordinated surveillance or public health interventions.

    The contrasting regulations in Kenya and Tanzania significantly influence wild meat consumption choices.

    In Kenya, where wild meat is strictly prohibited, consumption appears to be through informal and unregulated channels. This increases health risks and limits consumer awareness. In contrast, Tanzania’s regulated licensing system provides a legal pathway for access. This makes wild meat consumption more visible and, in some cases, perceived as safer. These differing policies shape how communities access, justify and engage with wild meat, often driving cross-border trade and complicating enforcement and risk communication efforts.

    What’s next?

    Addressing the risks associated with wild meat trade requires a multifaceted strategy that balances health, equity and sustainability.

    We suggest an intervention that prioritises economic stability and ensuring affordable alternative protein sources are accessible, especially in food-insecure settings.

    Public health education is also essential. An increasing awareness of zoonotic disease risks can help shift consumption behaviour.

    Because men and women perceived the dangers of wild meat consumption differently, gender-sensitive approaches should be integrated. It should also be noted that, although women are rarely the primary hunters, they are often prosecuted for possession or sale of wild meat. Gender disparities on how laws are applied must be addressed.

    Legal frameworks and enforcement mechanisms must be strengthened to address cross-border wildlife trade, particularly in regions with differing policies like Kenya and Tanzania. They should also reduce the risks faced by individuals who may unknowingly engage in illegal practices due to a lack of clarity.

    We continue to work with national and regional stakeholders. This includes government bodies and technical partners who are actively engaging with us to co-develop One Health solutions. These solutions integrate public health, environmental sustainability and community well-being.

    Finally, community engagement and participation should be at the core of any intervention. This will ensure that policies are locally relevant, culturally sensitive and supported by those directly affected to reduce the risks of zoonotic disease spillover.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Eating wild meat carries serious health risks – why it still happens along the Kenya-Tanzania border – https://theconversation.com/eating-wild-meat-carries-serious-health-risks-why-it-still-happens-along-the-kenya-tanzania-border-252947

    MIL OSI – Global Reports

  • MIL-OSI USA: ICYMI: Hickenlooper Chairs Small Business Committee Field Hearing Highlighting Tariff Threat to Outdoor Rec Industry

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper
    Hickenlooper: “We’re sustaining losses here that are needless, and they’re going to be long lasting, and they affect every aspect of our country.”
    WASHINGTON – In case you missed it, U.S. Senator John Hickenlooper recently chaired a field hearing of the Senate Small Business and Entrepreneurship Committee in Denver to underline the strain the outdoor recreation industry is facing under the Trump administration’s chaotic tariffs. 
    Watch the full field hearing HERE
    During the hearing, Hickenlooper emphasized that the Trump administration’s blanket tariffs are disproportionally hurting working people across the country:
    “Certainly, the people that are going to elegant dinners in Mar-a-Lago or anywhere, this isn’t as much of an issue for them,” Hickenlooper said at the hearing. “But many small businesses are really caught up in this storm and struggling to survive.”
    Hickenlooper was joined by witnesses representing three Colorado outdoor recreation businesses including Travis Campbell, the owner and CEO of Eagle Creek, an adventure travel gear company based in Steamboat Springs; Mike Mojica, the Founder of Outdoor Element, an adventure gear company based in Englewood; and Trent Bush, Founder and Co-CEO of ARTILECT Studio, a performance apparel studio based in Boulder.
    “In our 50th year of operations we could be possibly put out of business through these ill-conceived tariff plans,” said Campbell. “Eagle Creek immediately took dramatic steps to stay afloat. We froze salary increases that we had just implemented to our teams, we halted the hiring of two exceptional new people that we planned to bring on board, we cut spending across the board…” 
    “We just came off our best year ever. And then, a couple months ago happened. Overnight, tariffs on our core products jumped to 145%…What I thought was an approachable path to the American dream has suddenly turned into quicksand,” said Mojica. “We had to pause production — tell factories to hold the goods and not ship them…I’ve lost a wholesale account, I had to lay off team members, I’ve asked others to work less hours…”
    “I held on to producing in the U.S. as long as I possibly could. And I feel I’ve done everything I was asked to do since, including moving production out of China six years ago,” said Bush. “Now even those staggering high tariffs outside China may force my business to close. This just isn’t the American dream I’ve believed in and I’ve tried so hard over all those years to achieve.”
    Check out the coverage below:
    Colorado Sun: Colorado outdoor companies limping through uncertainty in trade war
    Hickenlooper’s committee hearing — held at History Colorado and titled “Beyond the Trailhead: Supporting Outdoor Recreation in an Uncertain Economy” — included Mike Mojica, the founder and CEO of Outdoor Element, which designs adventure survival equipment in Englewood, and outdoor apparel veteran Trent Bush, the founder and co-CEO the new Artilect Studio in Boulder.
    Mojica, a mechanical engineer who fine-tuned his survival gear business in theMoosejaw Business Accelerator program in 2022, said his company posted a record year in 2024.
    “What I thought was a path to the American dream has become quicksand,” he said of tariffs that have forced him to sell his gear for zero profit. “Trade policy is supposed to provide business with the certainty we need to make long-term decisions and right now that certainty is missing. I’m no longer trying to thrive. I’m trying to survive.”
    AXIOS Denver: Colorado’s outdoor industry suffering from trade war
    Travis Campbell shelled out an additional $580,000. Mike Mojica raised prices and laid off workers. Trent Bush is worried he may go out of business.
    What they’re saying: “When you add that all up, the [impacts of tariffs] mean lower wages, fewer jobs and less spending in the economy,” Campbell said at a congressional hearing Friday in Denver hosted by U.S. Sen. John Hickenlooper. “I don’t think that’s what we’re aiming for.”
    E&E News: Outdoor recreation field hearing to focus on tariff impacts
    The Senate Small Business and Entrepreneurship Committee will hold a hearing in Colorado on Friday focused on the outdoor recreation economy in tough times.
    Titled “Beyond the Trailhead: Supporting Outdoor Recreation in an Uncertain Economy,” the hearing will focus on ways Congress can support the outdoor recreation industry, which is valued at more than $1 trillion and has grown significantly since the Covid-19 pandemic.
    The field hearing, hosted by Sen. John Hickenlooper (D-Colo.), will hear testimony from three outdoor recreation retailers that have been saddled by the Trump administration’s tariff regime.

    MIL OSI USA News

  • MIL-OSI Security: California Attorney Guilty of Federal Contempt Charge for Failing To Ensure Distribution of Settlement Funds to Relatives of Victims of Lion Air Flight 610

    Source: Office of United States Attorneys

    CHICAGO — A California attorney has pleaded guilty to a contempt of court charge for willfully disobeying a court order that called for settlement funds to be distributed to relatives of victims killed in the crash of Lion Air Flight 610.

    DAVID R. LIRA, 65, of Pasadena, Calif., entered the plea on Thursday before U.S. District Judge Mary M. Rowland in the Northern District of Illinois. Judge Rowland set sentencing for Oct. 8, 2025.

    Lira worked for the California personal injury law firm Girardi Keese, which represented five clients who were relatives of passengers killed in the 2018 crash in the Java Sea.  Girardi Keese filed lawsuits in federal court in Chicago against the plane’s manufacturer, Boeing Co., and settled the suits in 2020.  In connection with the settlements, U.S. District Judge Thomas M. Durkin ordered that the settlement funds, which included a total of $7.5 million for four of the clients, be sent to each client as soon as practicable. Although Boeing wired the settlement funds for those four victims into Girardi Keese’s client trust account, Lira admitted in a plea agreement that he knew for several months that the firm failed to distribute the money to the clients, in contravention of Judge Durkin’s order.

    During those months, Lira admitted that the victims demanded their money but were not paid, and that there was nothing about the Covid-19 pandemic that precluded the firm from paying the money.  Lira confronted another attorney at the firm, THOMAS GIRARDI, who was also Lira’s father-in-law, and demanded that Girardi pay the money to the clients, Lira’s plea agreement states.  Lira admitted in his plea that he knew Girardi had misappropriated the money and that Lira was willfully violating Judge Durkin’s orders.

    Lira ultimately resigned from the firm.  The Lion Air Victims eventually received their settlement funds following a hearing before Judge Durkin when another law firm’s insurer paid the amount that Girardi had misappropriated.

    Girardi, 86, of Seal Beach, Calif., was convicted last year by a federal jury in Los Angeles of embezzling millions of dollars in settlement funds from other clients.  In connection with Girardi’s sentencing in that case, prosecutors in Los Angeles apprised the Court about Girardi’s misappropriation of settlement funds in the Lion Air matter.  Girardi was sentenced earlier this week to more than seven years in federal prison.

    Lira’s guilty plea was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  The government is represented by Assistant U.S. Attorneys Jared Hasten, Emily Vermylen, and Thomas Peabody.

    “The willful failure to ensure distribution of settlement funds compounded the grief and anguish of the clients who lost loved ones in the Lion Air crash,” said U.S. Attorney Boutros.  “Attorneys who violate the trust of their clients and breach the fiduciary duty that is paramount to the practice of law will be held accountable.”

    “The FBI stands committed to protecting victims of crime and holding those who have violated federal laws accountable, no matter how much time may have passed,” said FBI SAC DePodesta.  “The FBI is thankful for our continuing partnerships with law enforcement and our prosecutorial partners who have ensured justice in this case.”

    MIL Security OSI